Document:

EX-10.1

 Exhibit 10.1 

DOMINO’S PIZZA MASTER ISSUER LLC,
DOMINO’S IP HOLDER LLC, DOMINO’S PIZZA 

DISTRIBUTION LLC AND DOMINO’S SPV CANADIAN
HOLDING COMPANY INC. 
 SERIES 2017-1 FLOATING
RATE SENIOR SECURED NOTES, CLASS A-2-I(FL) 

SERIES 2017-1 3.082% FIXED RATE SENIOR SECURED
NOTES, CLASS A-2-II(FX) 
 SERIES 2017-1 4.118% FIXED
RATE SENIOR SECURED NOTES, CLASS A-2-III(FX) 

PURCHASE AGREEMENT 

June 12, 2017 
 GUGGENHEIM
SECURITIES, LLC 
 330 Madison Avenue 
 New York,
New York 10017 
 BARCLAYS CAPITAL INC. 

745 Seventh Avenue 
 New York, New York 10019 

Ladies and Gentlemen: 
 Domino’s Pizza
Master Issuer LLC, a Delaware limited liability company (the “Master Issuer”), Domino’s Pizza Distribution LLC, a Delaware limited liability company (the “Domestic Distributor”), Domino’s IP
Holder LLC, a Delaware limited liability company (the “IP Holder”) and Domino’s SPV Canadian Holding Company Inc., a Delaware corporation (“SPV Canadian Holdco” and together with the Master
Issuer, the Domestic Distributor and the IP Holder, the “Co-Issuers”), propose, upon the terms and conditions stated herein, to issue and sell to the several initial purchasers named in Schedule I hereto (the
“Initial Purchasers”), three series of senior secured notes, (i) the Series 2017-1 three-month LIBOR + 1.250% Floating Rate Senior Secured Notes, Class A-2-I(FL) Notes (the “Series 2017-1
Class A-2-I(FL) Notes”) in an aggregate principal amount of $300,000,000, (ii) the Series 2017-1 3.082% Fixed Rate Senior Secured Notes, Class A-2-II(FX) Notes (the “Series 2017-1
Class A-2-II(FX) Notes”) in an aggregate principal amount of $600,000,000 and (iii) the Series 2017-1 4.118% Fixed Rate Senior Secured, Class A-2-III(FX) Notes (the “Series 2017-1
Class A-2-III(FX) Notes” and, together with the Series 2017-1 Class A-2-I(FL) Notes and the Series 2017-1 Class A-2-II(FX) Notes, the “Offered Notes”) in an aggregate
principal amount of $1,000,000,000. 
 The Offered Notes (i) will have terms and provisions that are summarized in the Pricing
Disclosure Package (as defined below) and (ii) are to be issued pursuant to the Amended and Restated Base Indenture, dated as of March 15, 2012 (the “Initial Closing Date”), (as amended and supplemented as of the date
hereof, the “Base Indenture”), and the Series 2017-1 Supplement thereto (the “Series 2017-1 Supplement” and, together with the Base Indenture, the Series 2012-1 Supplement thereto, dated as of March
15, 2012, and the Series 2015-1 

 
Supplement thereto, dated as of October 21, 2015, the “Indenture”), to be dated as of the Closing Date, in each case entered into by and among the Co-Issuers and Citibank,
N.A., as trustee (in such capacity, the “Trustee”) and as securities intermediary. The Co-Issuers’ obligations under the Offered Notes will be jointly and severally irrevocably and unconditionally guaranteed (the
“Guarantees”) by Domino’s SPV Guarantor LLC, a Delaware limited liability company (the “SPV Guarantor”), Domino’s Pizza Franchising LLC, a Delaware limited liability company (the
“Domestic Franchisor”), Domino’s Pizza International Franchising Inc., a Delaware corporation (the “International Franchisor”), Domino’s Pizza Canadian Distribution ULC, a Nova Scotia
unlimited company (the “Canadian Distributor”), Domino’s EQ LLC, a Delaware limited liability company (the “Domestic Distribution Equipment Holder”), and Domino’s RE LLC, a Delaware limited
liability company (the “Domestic Distribution Real Estate Holder” and, together with the SPV Guarantor, the Domestic Franchisor, the International Franchisor, the Canadian Distributor and the Domestic Distribution Equipment
Holder, the “Guarantors” and each a “Guarantor” and, together with the Co-Issuers, the “Securitization Entities” and each, a “Securitization Entity”),
pursuant to an Amended and Restated Guarantee and Collateral Agreement, dated March 15, 2012, by and among each Guarantor and the Trustee (the “Guarantee and Collateral Agreement”). This Agreement confirms the agreement of
each the Domino’s Parties (as defined below) with regard to the purchase of the Offered Notes from the Co-Issuers by the Initial Purchasers. 

For purposes of this Agreement, “Domino’s” shall mean Domino’s Pizza, Inc. a Delaware corporation,
“Intermediate Holdco” shall mean Domino’s Inc., a Delaware corporation, “Parent Companies” shall mean, collectively, Domino’s and Intermediate Holdco, and “Domino’s
Parties” shall mean, collectively, the Parent Companies, Domino’s Pizza LLC, a Michigan limited liability company, as manager (the “Manager”), and the Securitization Entities. 

For purposes of this Agreement, capitalized terms used but not defined herein shall have the meanings given to such terms in the “Certain
Definitions” section of the Pricing Disclosure Package (as defined below). 
 1. Purchase and Resale of the Offered Notes. The
Offered Notes will be offered and sold by the Co-Issuers to the Initial Purchasers without registration under the Securities Act of 1933, as amended (the “1933 Act”), in reliance on an exemption pursuant to
Section 4(a)(2) under the 1933 Act. The Domino’s Parties have prepared (i) a preliminary offering memorandum, dated May 31, 2017 (as amended or supplemented as of the Applicable Time (as defined below), the “Preliminary
Offering Memorandum”) setting forth information regarding the Domino’s Parties and the Offered Notes, (ii) the investor presentations attached hereto as Exhibit 1 (the “Investor Presentations”), (iii) a
pricing term sheet substantially in the form attached hereto as Schedule II (the “Pricing Term Sheet”) setting forth the terms of the Offered Notes and certain other information omitted from the Preliminary Offering
Memorandum and (iv) a final offering memorandum to be dated prior to the Closing Date (as amended or supplemented, together with the Investor Presentations and the documents listed on Schedule III hereto, the “Final Offering
Memorandum”), setting forth information regarding the Domino’s Parties and the Offered Notes. The Preliminary Offering Memorandum, the Pricing Term Sheet, the Investor Presentations and the documents listed on Schedule III hereto
are collectively referred to as the “Pricing Disclosure Package”. The Domino’s Parties hereby confirm that they have authorized 

  
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the use of the Pricing Disclosure Package and the Final Offering Memorandum in connection with the offering and resale of the Offered Notes by the Initial Purchasers. “Applicable
Time” means 2:32p.m. (New York City time) on the date of this Agreement. 
 All references in this Agreement to the Preliminary
Offering Memorandum, the Pricing Disclosure Package or the Final Offering Memorandum include, unless expressly stated otherwise, all documents, financial statements and schedules and other information contained, incorporated by reference or deemed
incorporated by reference therein (and references in this Agreement to such information being “contained,” “included” or “stated” (and other references of like import) in the Preliminary Offering Memorandum, the Pricing
Disclosure Package or the Final Offering Memorandum shall be deemed to mean all such information contained, incorporated by reference or deemed incorporated by reference therein, to the extent such information has not been superseded or modified by
other information contained, incorporated by reference or deemed incorporated by reference therein). All documents filed (but not furnished to the Initial Purchasers, unless such furnished document is expressly incorporated by reference in the
Preliminary Offering Memorandum, the Pricing Disclosure Package or the Final Offering Memorandum, as the case may be) with the U.S. Securities and Exchange Commission (the “Commission”) under the Securities Exchange Act of
1934, as amended (the “1934 Act”) and so deemed to be included in the Preliminary Offering Memorandum, Pricing Disclosure Package or the Final Offering Memorandum, as the case may be, or any amendment or supplement thereto
are hereinafter referred to herein as the “Exchange Act Reports”. 
 It is understood and acknowledged that upon
original issuance thereof the Offered Notes (and all securities issued in exchange therefor or in substitution thereof) will bear the legends that are set forth under the caption “Transfer Restrictions” in the Pricing Disclosure Package.

 You have advised the Co-Issuers that the Initial Purchasers intend to offer and resell (the “Exempt Resales”) the
Offered Notes purchased by the Initial Purchasers hereunder on the terms set forth in each of the Pricing Disclosure Package and the Final Offering Memorandum, as amended or supplemented, solely (a) to persons whom the Initial Purchasers
reasonably believe to be “qualified institutional buyers” (“QIBs”) as defined in Rule 144A under the 1933 Act (“Rule 144A”) and (b) outside of the United States, to persons who are not
U.S. Persons (such persons, “Non-U.S. Persons”) as defined in Regulation S under the 1933 Act (“Regulation S”) in offshore transactions in reliance on Regulation S, in each case, whom the Initial
Purchasers reasonably believe are not Competitors. As used in the preceding sentence, the terms “offshore transaction” and “United States” have the meanings assigned to them in Regulation S. Those
persons specified in clauses (a) and (b) above are referred to herein as “Eligible Purchasers”. 

2.     Representations and Warranties of the Domino’s Parties. Each of the Domino’s Parties jointly and
severally, represents and warrants, on and as of the date hereof and on and as of the Closing Date, as follows: 

(a)     When the Offered Notes are issued and delivered pursuant to this Agreement, such Offered Notes and the Guarantees
will not be of the same class (within the meaning of Rule 144A) as securities that are listed on a national securities exchange registered under Section 6 of the 1934 Act or that are quoted in a United States automated inter-dealer quotation
system. 
  

  
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 (b)    Assuming the accuracy of your representations and warranties in
Section 3(b) of this Agreement, the purchase and resale of the Offered Notes pursuant to this Agreement (including pursuant to the Exempt Resales) are exempt from the registration requirements of the 1933 Act. 

(c)     No form of general solicitation or general advertising within the meaning of Regulation D under the 1933 Act
(including, but not limited to, advertisements, articles, notices or other communications published in any newspaper, magazine or similar medium or broadcast over television or radio, or any seminar or meeting whose attendees have been invited by
any general solicitation or general advertising) (each, a “General Solicitation”) was used by the Domino’s Parties, any of their respective affiliates or any of their respective representatives (other than the Initial
Purchasers and their affiliates or any of their respective representatives, as to whom the Domino’s Parties make no representation) in connection with the offer and sale of the Offered Notes. 

(d)    No directed selling efforts within the meaning of Rule 902 under the 1933 Act were used by the Domino’s Parties
or any of their respective affiliates or any of their respective representatives (other than the Initial Purchasers and their respective affiliates or any of their respective representatives, as to whom the Domino’s Parties make no
representation) with respect to Offered Notes sold outside the United States to Non-U.S. Persons, and each of the Domino’s Parties, their respective affiliates and their respective representatives (other than the Initial Purchasers and their
respective affiliates and representatives, as to whom the Domino’s Parties make no representation) has complied with and will implement the “offering restrictions” required by Rule 902 under the 1933 Act. 

(e)     Each of the Preliminary Offering Memorandum, the Pricing Disclosure Package and the Final Offering Memorandum, each
as of its respective date, contains all the information specified in, and meeting the requirements of, Rule 144A(d)(4) under the 1933 Act. 

(f)     None of the Domino’s Parties nor any other person acting on behalf of any Domino’s Party has offered or
sold any securities in a manner that would be integrated with the offering of the Offered Notes contemplated by this Agreement pursuant to the 1933 Act, the rules and regulations thereunder or the interpretations thereof by the Commission. 

(g)     The Preliminary Offering Memorandum, the Pricing Disclosure Package and the Final Offering Memorandum have been
prepared by the Domino’s Parties for use by the Initial Purchasers in connection with the Exempt Resales. No order or decree preventing the use of the Preliminary Offering Memorandum, the Pricing Disclosure Package or the Final Offering
Memorandum, or any order asserting that the transactions contemplated by this Agreement are subject to the registration requirements of the 1933 Act, has been issued, and no proceeding for that purpose has commenced or is pending or, to the
knowledge of any Domino’s Party, is contemplated. 
 (h)     The Pricing Disclosure Package did not, as of the
Applicable Time, and will not, as of the Closing Date, contain an untrue statement of a material fact or omit to state a material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not
misleading; provided that no representation or warranty is made as to information contained in the Pricing Disclosure Package in reliance upon and in conformity with the Initial Purchaser Information (as defined in Section 8(e) below).

  
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 (i)     The Final Offering Memorandum will not, as of its date and as of the
Closing Date, contain an untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading; provided that no
representation or warranty is made as to information contained in the Final Offering Memorandum in reliance upon and in conformity with the Initial Purchaser Information. 

(j)     None of the Domino’s Parties has prepared, made, used, authorized, approved or distributed and will not, and
will not cause or allow its agents or representatives to, prepare, make, use, authorize, approve or distribute any written communication (as defined in Rule 405 under the 1933 Act) that constitutes an offer to sell or a solicitation of an offer to
buy the Offered Notes, or otherwise is prepared to market the Offered Notes, other than the Pricing Disclosure Package and the Final Offering Memorandum, without the prior consent of each Initial Purchaser. 

(k)     The Exchange Act Reports, when they were or are filed with the Commission, conformed or will conform in all
material respects to the applicable requirements of the 1934 Act and the applicable rules and regulations of the Commission thereunder. The Exchange Act Reports did not, when filed with the Commission, contain an untrue statement of material fact or
omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading. 

(l)     Each of the Domino’s Parties and each of its subsidiaries has been duly organized, is validly existing and in
good standing as a corporation, limited liability company or unlimited company, as applicable, under the laws of its respective jurisdiction of organization and is duly qualified to do business and in good standing as a foreign corporation, limited
liability company or unlimited company, as applicable, in each jurisdiction in which its ownership or lease of property or the conduct of its businesses requires such qualification, except where the failure to be so qualified or in good standing
would not, individually or in the aggregate, reasonably be expected to have (i) a material adverse effect on the condition (financial or otherwise), results of operations, stockholders’ equity, properties, management, business or prospects
of the Securitization Entities or the Domino’s Parties taken as a whole or (ii) a material adverse effect on the performance by the Domino’s Parties of this Agreement, the Offered Notes, the Indenture or any of the other Related
Documents or the consummation of any of the transactions contemplated hereby or thereby (collectively, clauses (i) and (ii), a “Material Adverse Effect”). Each of the Domino’s Parties has all corporate, limited
liability company or unlimited company power and authority necessary to own or lease its properties and to conduct the businesses in which it is now engaged or contemplated in the Pricing Disclosure Package and the Final Offering Memorandum.
Domino’s does not own or control, directly or indirectly, any corporation, limited liability company or other entity other than the subsidiaries listed in Exhibit 21.1 to Domino’s Annual Report on Form 10-K for the fiscal year ended
January 1, 2017. 
 (m)    (i) Domino’s has the debt capitalization as set forth in each of the Pricing Disclosure
Package and the Final Offering Memorandum, and all of the issued and outstanding shares of capital stock of Domino’s have been duly authorized and validly issued and are fully paid and non-assessable. 

  
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 (ii)     The Co-Issuers have an authorized capitalization as set forth in
each of the Pricing Disclosure Package and the Final Offering Memorandum, and all of the issued and outstanding equity interests of the Co-Issuers have been duly authorized and validly issued and are fully paid and non-assessable. 

(iii)     All of the outstanding shares of capital stock, membership interests or other equity interests of each of the
Securitization Entities are owned, directly or indirectly, by Domino’s, free and clear of all liens, security interests, mortgages, pledges, charges, equities, claims or restrictions on transferability or encumbrances of any kind (collectively,
“Liens”), other than those Liens (i) imposed by the Indenture and the Related Documents, (ii) which constitute Permitted Liens, (iii) that would not reasonably be expected to have a Material Adverse Effect or
(iv) which result from transfer restrictions imposed by the Securities Act or the securities or blue sky laws of certain jurisdictions. 

(n)     Each of the Co-Issuers shall have all requisite corporate or limited liability company power and authority, as
applicable, to execute, deliver and perform its respective obligations under the Indenture on the Closing Date. The Base Indenture has been duly and validly authorized, executed and delivered by the Co-Issuers and constitutes the valid and legally
binding obligation of the Co-Issuers, enforceable against the Co-Issuers in accordance with its terms, except that such enforceability may be subject to bankruptcy, insolvency, reorganization, fraudulent conveyance or transfer, moratorium or similar
laws affecting creditors’ rights generally and subject to general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law). The Series 2017-1 Supplement shall be duly and validly
authorized by the Co-Issuers on or prior to the Closing Date and upon its execution and delivery and, assuming due authorization, execution and delivery by the Trustee, will constitute the valid and legally binding obligation of the Co-Issuers,
enforceable against the Co-Issuers in accordance with its terms, except that such enforceability may be subject to bankruptcy, insolvency, reorganization, fraudulent conveyance or transfer, moratorium or similar laws affecting creditors’ rights
generally and subject to general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law). Assuming the accuracy of the representations and warranties of the Initial Purchasers contained in
Section 3(b) of this Agreement, no qualification of the Indenture under the Trust Indenture Act of 1939, as amended (the “Trust Indenture Act”) is required in connection with the offer and sale of the Offered Notes
contemplated hereby or in connection with the Exempt Resales. The Base Indenture conforms in all material respects to the description thereof in each of the Pricing Disclosure Package and the Final Offering Memorandum. When executed by the
Co-Issuers, the Series 2017-1 Supplement will conform in all material respects to the description thereof in each of the Pricing Disclosure Package and the Final Offering Memorandum. 

(o)     Each of the Co-Issuers shall have all requisite corporate or limited liability company power and authority, as
applicable, to execute, issue, sell and perform its obligations under the Offered Notes on or prior to the Closing Date. The Offered Notes shall be duly authorized by each of the Co-Issuers on or prior to the Closing Date and, when duly executed by
each of the Co-Issuers in accordance with the terms of the Indenture, assuming due 

  
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authentication of the Offered Notes by the Trustee, upon delivery to the Initial Purchasers against payment therefor in accordance with the terms hereof, will be validly issued and delivered and
will constitute valid and legally binding obligations of each of the Co-Issuers entitled to the benefits of the Indenture, enforceable against each of the Co-Issuers in accordance with their terms, except that the enforceability may be subject to
bankruptcy, insolvency, reorganization, fraudulent conveyance or transfer, moratorium or similar laws affecting creditors’ rights generally and subject to general principles of equity (regardless of whether such enforceability is considered in
a proceeding in equity or at law). When executed by each of the Co-Issuers, the Offered Notes will conform in all material respects to the description thereof in each of the Pricing Disclosure Package and the Final Offering Memorandum. 

(p)     Each Guarantor had all requisite corporate, limited liability company or unlimited company power and authority, as
applicable, to execute, issue and perform its obligations under the Guarantee and Collateral Agreement on the Initial Closing Date. The Guarantee and Collateral Agreement has been duly and validly authorized, executed and delivered by each of the
Guarantors, and the Guarantee and Collateral Agreement constitutes valid and legally binding obligations of the Guarantors, enforceable against the Guarantors in accordance with their terms, except that the enforceability may be subject to
bankruptcy, insolvency, reorganization, fraudulent conveyance or transfer, moratorium or similar laws affecting creditors’ rights generally and subject to general principles of equity (regardless of whether such enforceability is considered in
a proceeding in equity or at law). The Guarantee and Collateral Agreement conforms in all material respects to the description thereof in each of the Pricing Disclosure Package and the Final Offering Memorandum. The Guarantee and Collateral
Agreement is effective to guarantee the obligations of the Co-Issuers under the Offered Notes. 
 (q)     Each of the
Domino’s Parties, as applicable, had and shall have all required corporate, limited liability company or unlimited company power and authority, as applicable, to execute, deliver and perform its obligations under each Related Document to which
it is a party on the Initial Closing Date or on or prior to the Closing Date, as applicable (other than the Offered Notes, the Indenture and the Guarantee and Collateral Agreement to the extent covered in Section 2(n), (o) and (p)). Each
Guarantor had and shall have all requisite corporate, limited liability company or unlimited company power and authority, to execute, deliver and perform its obligations under each Related Document to which it is a party on the Initial Closing Date
or on or prior to the Closing Date (other than the Offered Notes, the Indenture and the Guarantee and Collateral Agreement to the extent covered in Section 2(n), (o) and (p)). Each of the Related Documents has been or shall be duly and validly
authorized, executed and delivered by each of the Domino’s Parties (to the extent a party thereto) and constitutes the valid and legally binding obligation of each of the Domino’s Parties (to the extent a party thereto) enforceable against
each of the Domino’s Parties (to the extent a party thereto) in accordance with its terms, except that the enforceability may be subject to bankruptcy, insolvency, reorganization, fraudulent conveyance or transfer, moratorium or similar laws
affecting creditors’ rights generally and subject to general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law) and, as to rights of indemnification and contribution with respect to
liabilities under securities laws, by principles of public policy. Each such Related Document conforms in all material respects to the description thereof (if any) in each of the Pricing Disclosure Package and the Final Offering Memorandum. 

  
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 (r)     Each of the Domino’s Parties party hereto has all requisite
corporate, limited liability company or unlimited company power and authority, as applicable, to execute, deliver and perform its obligations under this Agreement. This Agreement has been duly and validly authorized, executed and delivered by each
of the Domino’s Parties party hereto. 
 (s)     (i) The issue and sale of the Offered Notes and the Guarantees,
(ii) the execution, delivery and performance by the Domino’s Parties of the Offered Notes, the Guarantees, the Indenture, this Agreement and the other Related Documents (to the extent a party thereto), (iii) the application of the proceeds
from the sale of the Offered Notes as described under “Use of Proceeds” in each of the Pricing Disclosure Package and the Final Offering Memorandum and (iv) the consummation of the transactions contemplated hereby and thereby, do not
and will not (A) conflict with or result in a breach or violation of any of the terms or provisions of, impose any lien, charge or encumbrance upon any property or assets of any of the Domino’s Parties or any of their respective
subsidiaries, or constitute a default under, any indenture, mortgage, deed of trust, loan agreement, credit agreement, security agreement, license, lease or other agreement or instrument to which any of the Domino’s Parties or any of their
respective subsidiaries is a party or by which any of the Domino’s Parties or any of their respective subsidiaries is bound or to which any of the property or assets of any of the Domino’s Parties or any of their respective subsidiaries is
subject, except for Liens created by the Indenture or the other Related Documents and Permitted Liens, (B) result in any violation of the provisions of the charter, by-laws, certificate of formation, limited liability company agreement or other
organizational document of any of the Domino’s Parties, or (C) result in any violation of any statute or any judgment, order, decree, rule or regulation of any court or governmental agency or body having jurisdiction over any of the
Domino’s Parties or any of their respective subsidiaries or any of their respective properties or assets, except (in the case of clauses (A) and (C)) as would not, individually or in the aggregate, reasonably be expected to have a Material
Adverse Effect. 
 (t)     No consent, approval, authorization or order of, or filing, registration or qualification
with any court or governmental agency or regulatory body having jurisdiction over any of the Domino’s Parties or any of their respective subsidiaries or any of their respective properties or assets is required for the issue and sale of the
Offered Notes and the Guarantees, the execution, delivery and performance by any of the Domino’s Parties or any of their respective subsidiaries of the Offered Notes, the Guarantees, the Indenture, this Agreement and the other Related Documents
(to the extent they are parties thereto), the application of the proceeds from the sale of the Offered Notes as described under “Use of Proceeds” in each of the Pricing Disclosure Package and the Final Offering Memorandum and the
consummation of the transactions contemplated hereby and thereby, except for (A) such consents, approvals, authorizations, orders, filings, registrations or qualifications as shall have been obtained or made prior to the Closing Date or are
permitted to be obtained or made subsequent to the Closing Date pursuant to the Indenture and (B) such consents, approvals, authorizations, orders, filings, registrations or qualifications as may be required under state securities or Blue Sky
laws in connection with the purchase and distribution and resale (including pursuant to the Exempt Resales) of the Offered Notes by the Initial Purchasers. 

  
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 (u)    The historical consolidated financial statements of Domino’s
(including the related notes and supporting schedules) included or incorporated by reference in the Pricing Disclosure Package and the Final Offering Memorandum present fairly in all material respects the financial condition, results of operations
and cash flows of the entities referred to therein, at the dates and for the periods indicated, and have been prepared in conformity with accounting principles generally accepted in the United States (“GAAP”) applied on a
consistent basis throughout the periods involved. The interactive data in eXtensible Business Reporting Language included or incorporated by reference in the Pricing Disclosure Package and the Final Offering Memorandum fairly present in all material
respects the information called for by, and have been prepared in accordance with, the Commission’s rules and guidelines applicable thereto. 

(v)     The historical consolidated financial statements of the Master Issuer (including the related notes and supporting
schedules) included in the Pricing Disclosure Package and the Final Offering Memorandum present fairly in all material respects the financial condition, results of operations and cash flows of the entities referred to therein, at the dates and for
the periods indicated, and have been prepared in conformity with GAAP applied on a consistent basis throughout the periods involved. 

(w)     The Securitized Net Cash Flow included in the Pricing Disclosure Package and the Final Offering Memorandum is
derived from the quarterly noteholder statements generated by the Master Issuer and represents the arithmetic sum of each of the relevant amounts reflected in such quarterly noteholder statements. The Securitized Net Cash Flow set forth in the
Pricing Disclosure Package and the Final Offering Memorandum has been prepared on a basis consistent with the quarterly noteholder statements and gives effect to assumptions made on a reasonable basis and in good faith and present fairly in all
material respects the historical Securitized Net Cash Flow. 
 (x)     The non-GAAP financial measures that are included
in the Pricing Disclosure Package and the Final Offering Memorandum have been calculated based on amounts derived from the financial statements and books and records of the Domino’s Parties, and the Domino’s Parties believe that any
adjustments to such non-GAAP financial measures have a reasonable basis and have been made in good faith. 
 (y)    
PricewaterhouseCoopers LLP, who have certified certain financial statements of Domino’s, whose report appears in the Pricing Disclosure Package and the Final Offering Memorandum or is incorporated by reference therein and who have delivered the
initial letter referred to in Section 7(n) hereof, (x) are independent registered public accountants with respect to Domino’s and its subsidiaries within the meaning of the 1933 Act and the applicable rules and regulations adopted by
the Commission and the Public Company Accounting Oversight Board and (y) was, as of the date of such report, and is, as of the date hereof, an independent public accounting firm with respect to the Domino’s Parties. 

(z)     Domino’s and each of its subsidiaries maintain a system of internal control over financial reporting (as such
term is defined in Rule 13a-15(f) under the 1934 Act) that complies with the requirements of the 1934 Act and that has been designed by, or under the supervision of, Domino’s principal executive and principal financial officers, to provide
reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with GAAP. Domino’s and each of its 

  
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subsidiaries maintain internal accounting controls sufficient to provide reasonable assurances regarding the reliability of financial reporting and the preparation of financial statements for
external purposes in accordance with GAAP, including, but not limited to, internal accounting controls sufficient to provide reasonable assurance that (i) records are maintained in reasonable detail that accurately and fairly reflect the
transactions and dispositions of the assets of Domino’s and each of its subsidiaries, (ii) transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP and that receipts and expenditures of
Domino’s and each of its subsidiaries are being made only in accordance with authorizations of management and directors of Domino’s and each of its subsidiaries and (iii) the unauthorized acquisition, use or disposition of the assets
of Domino’s and each of its subsidiaries that could have a material effect on the financial statements are prevented or timely detected. As of the date of the most recent consolidated balance sheet of Domino’s reviewed or audited by
PricewaterhouseCoopers LLP and the audit committee of the board of directors of Domino’s, there were no material weaknesses in any of Domino’s and its subsidiaries’ internal controls over financial reporting. 

(aa)     Since January 1, 2017, the date of the most recent balance sheet of Domino’s and its consolidated
subsidiaries audited by PricewaterhouseCoopers LLP and the audit committee of the board of directors of Domino’s (“Audit Date”), (i) Domino’s has not been advised of or become aware of (A) any significant
deficiencies in the design or operation of internal control over financial reporting, that could adversely affect the ability of Domino’s or any of its subsidiaries to record, process, summarize and report financial data, or any material
weaknesses in internal control over financial reporting, or (B) any fraud, whether or not material, that involves management or other employees who have a significant role in the internal control over financial reporting of any of Domino’s
or any of its subsidiaries or that is otherwise material to Domino’s or any of its subsidiaries; and (ii) there have been no significant changes in internal control over financial reporting or in other factors that could significantly
affect internal control over financial reporting, including any corrective actions with regard to significant deficiencies and material weaknesses. 

(bb)     The section entitled “Management’s Discussion and Analysis of Financial Condition and Results of
Operations—Critical Accounting Policies and Estimates” incorporated by reference in the Preliminary Offering Memorandum contained in the Pricing Disclosure Package and the Final Offering Memorandum accurately and fully describes
(i) the accounting policies that Domino’s believes are the most important in the portrayal of the financial condition and results of operations of Domino’s and each of its subsidiaries and that require management’s most
difficult, subjective or complex judgments; (ii) the judgments and uncertainties affecting the application of critical accounting policies; and (iii) the likelihood that materially different amounts would be reported under different
conditions or using different assumptions and an explanation thereof. 
 (cc)     Except as described in each of the
Pricing Disclosure Package and the Final Offering Memorandum, since the Audit Date, none of the Domino’s Parties nor any of their respective subsidiaries has (i) sustained any loss or interference with its business from fire, explosion,
flood or other calamity, whether or not covered by insurance, or from any labor disturbance or dispute or legal, court or governmental action, order or decree, (ii) issued or granted any securities, (iii) incurred any liability or
obligation, direct or contingent, other than 

  
 10 

 
liabilities and obligations that were incurred in the ordinary course of business, (iv) entered into any transaction not in the ordinary course of business and/or (v) declared or paid
any dividend on its capital stock, and since the Audit Date, there has not been any change in the capital stock or limited liability company interests, as applicable, or long-term or short-term debt of any of the Domino’s Parties or any of
their respective subsidiaries or any changes, or any development involving a change, whether or not arising from transactions in the ordinary course of business, in the business, general affairs, management, condition (financial or otherwise),
results of operations, stockholders’ equity or limited liability company interests, as applicable, properties, management, business or prospects of any of the Domino’s Parties or any of their respective subsidiaries, in each of
(i) through (v) above, except as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 

(dd)     Each of the Co-Issuers and the Guarantors owns and has good title to its Collateral, free and clear of all Liens
other than Permitted Liens. Each of the Parent Companies, the Manager and each of their respective subsidiaries (other than the Co-Issuers and the Guarantors) has good and marketable title in fee simple to all real property and good and marketable
title to all personal property owned by it, in each case free and clear of all Liens, except for Permitted Liens and such Liens that would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. All assets
held under lease by the Domino’s Parties are held by the relevant entity under valid, subsisting and enforceable leases, with such exceptions as do not materially interfere with the use made of such assets by the relevant entity. 

(ee)     Each of the Co-Issuers’ and the Guarantors’ rights and interests in the Collateral Documents (except
with respect to any Franchisee Promissory Notes or any owned real property) constitutes accounts or general intangibles under the applicable UCC. The Base Indenture and the Guarantee and Collateral Agreement are effective to create a valid and
continuing Lien on the Collateral in favor of the Trustee on behalf of and for the benefit of the Secured Parties, which Lien on the Collateral has been perfected (subject to Liens on the Collateral to be perfected between the date hereof and the
Closing Date with respect to Intellectual Property registered or applied for in jurisdictions outside of the U.S., Canada and the United Kingdom and any exceptions described in the Pricing Disclosure Package and the Final Offering Memorandum and
that are otherwise set forth in the Base Indenture, the Guarantee and Collateral Agreement or any other Related Document) and is prior to all other Liens (other than Permitted Liens). Except as described in the Pricing Disclosure Package and the
Final Offering Memorandum, the Co-Issuers and the Guarantors have received all consents and approvals required by the terms of the Collateral in order to pledge the Collateral to the Trustee under the Indenture and under the Guarantee and Collateral
Agreement. All action necessary to perfect such first priority security interest in the Collateral (subject to Liens on the Collateral to be perfected between the date hereof and the Closing Date with respect to Intellectual Property registered or
applied for in jurisdictions outside of the U.S., Canada and the United Kingdom and any exceptions described in the Pricing Disclosure Package and the Final Offering Memorandum and that are otherwise set forth in the Base Indenture, the Guarantee
and Collateral Agreement or any other Related Document) has been duly taken. 

  
 11 

 (ff)     Other than the security interest granted to the Trustee under the
Base Indenture, the Guarantee and Collateral Agreement or any other Related Documents or any other Permitted Lien, none of the Domino’s Parties nor any of their respective subsidiaries have pledged, assigned, sold or granted as of the Closing
Date a security interest in the Collateral. 
 (gg)     All action necessary (including, without limitation, the filing
of UCC-1 financing statements) to protect and evidence the Trustee’s security interest in the Collateral in the United States and each Included Country has been duly and effectively taken (as described in, and subject to the actions to be taken
between the date hereof and the Closing Date and such other exceptions described in the Pricing Disclosure Package and the Final Offering Memorandum and that are otherwise set forth in the Base Indenture, the Series 2017-1 Supplement, the Guarantee
and Collateral Agreement or any other Related Document). No effective security agreement, financing statement, equivalent security or lien instrument or continuation statement authorized by any of the Domino’s Parties or any of their respective
subsidiaries and listing such Person as debtor covering all or any part of the Collateral is on file or of record in any jurisdiction (except (i) in respect of Permitted Liens or (ii) such as may have been filed, recorded or made by such
Person in favor of the Trustee on behalf of the Secured Parties in connection with the Base Indenture and the Guarantee and Collateral Agreement), and no such Person has authorized any such filing. 

(hh)     Each Domino’s Party and their respective subsidiaries has such permits, licenses, franchises, certificates
of need and other approvals or authorizations of governmental or regulatory authorities (“Permits”) as are necessary under applicable law to own their properties and conduct their businesses in the manner described in the
Pricing Disclosure Package and the Final Offering Memorandum, except for any of the foregoing that would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. Each Domino’s Party and each of their
respective subsidiaries has fulfilled and performed all of its obligations with respect to the Permits, and no event has occurred that allows, or after notice or lapse of time would allow, revocation or termination thereof or results in any other
impairment of the rights of the holder or any such Permits, except for any of the foregoing that would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. None of the Domino’s Parties nor any of
their respective subsidiaries has received notice of any revocation or modification of any such Permits or has any reason to believe that any such Permits will not be renewed in the ordinary course, except as would not, individually or in the
aggregate, be reasonably expected to have a Material Adverse Effect. 
 (ii)     Each of the Domino’s Parties and
each of their respective subsidiaries owns or possesses adequate rights to use all patents, patent applications, trademarks, service marks, trade names, trademark registrations, service mark registrations, copyrights know-how and intellectual
property rights in software, systems and technology (including trade secrets and other unpatented and/or unpatentable proprietary or confidential information, systems or procedures) (collectively, the “Intellectual Property”)
necessary for the conduct of their respective businesses as currently conducted, except as would not reasonably be expected to have a Material Adverse Effect; provided, however, for the avoidance of doubt, the foregoing shall not be
deemed to constitute a representation or warranty with respect to infringement or other violation of Intellectual Property or other proprietary rights of third parties, which are exclusively addressed below in the fourth sentence of this
Section 2(ii). The Domino’s Parties and each of their respective subsidiaries owns free and clear of all Liens (other than Franchise Arrangements, Permitted Liens and non-exclusive licenses granted in the ordinary course of

  
 12 

 
business of the Domino’s Parties) all Intellectual Property described in the Preliminary Offering Memorandum, the Final Offering Memorandum and the Pricing Disclosure Package as being owned
by it (“Company Intellectual Property”). There are no third parties who own any Company Intellectual Property, except as (1) described in the Preliminary Offering Memorandum, the Final Offering Memorandum and the Pricing
Disclosure Package, or (2) would not reasonably be expected to have a Material Adverse Effect. To the Domino’s Parties’ knowledge, there is no infringement by third parties of any Company Intellectual Property, except as (1) described
in the Pricing Disclosure Package, the Preliminary Offering Memorandum or the Final Offering Memorandum or (2) would not be reasonably expected to have a Material Adverse Effect. Except as (1) described in the Pricing Disclosure Package,
the Preliminary Offering Memorandum or the Final Offering Memorandum or (2) would not reasonably be expected to have a Material Adverse Effect, there is no pending or, to the Domino’s Parties’ knowledge, threatened action, suit,
proceeding or claim by others: (A) challenging the Domino’s Parties’ rights in or to any Company Intellectual Property; (B) challenging the validity, enforceability or scope of any Company Intellectual Property; or
(C) asserting that the Domino’s Parties or any of their subsidiaries infringes or otherwise violates, or would, upon the commercialization of any product or service of the Domino’s Parties or any of their subsidiaries described in the
Preliminary Offering Memorandum, the Final Offering Memorandum or the Pricing Disclosure Package as under development, infringe or otherwise violate, any Intellectual Property of others. 

(jj)     There are no legal or governmental proceedings pending to which any Domino’s Party or any of their
respective subsidiaries is a party or of which any property or assets of any of the Domino’s Parties or any of their respective subsidiaries is the subject that would, individually or in the aggregate, reasonably be expected to have a Material
Adverse Effect. To each Domino’s Party’s knowledge, no such proceedings are threatened or contemplated by governmental authorities or others. 

(kk)     The statements made in the Pricing Disclosure Package and the Final Offering Memorandum under the captions
“Description of the Offered Notes” and “Description of the Base Indenture and the Guarantee and Collateral Agreement,” insofar as they constitute a summary of the terms of the Offered Notes and the Indenture, and under captions
“Description of the Securitization Entities and the Securitization Entities’ Charter Documents,” “Domino’s Pizza,” “Description of the Franchise Arrangements,” “Description of the Manager and Management
Agreement,” “Description of the Servicer and the Servicing Agreement,” “Description of the Back-Up Manager and the Back-Up Management Agreement,” “Description of the Distribution and Contribution Agreements,”
“Description of the IP License Agreements,” “Description of the Product Purchase Agreements,” “Description of the Real Estate Assets,” “Certain Legal Aspects of the Franchise Arrangements,” “Certain U.S.
Federal Income Tax Consequences,” “Certain ERISA and Related Considerations” and “Transfer Restrictions,” insofar as they purport to constitute summaries of the terms of statutes, rules or regulations, legal or governmental
proceedings or contracts and other documents, constitute accurate summaries of the terms of such statutes, rules and regulations, legal and governmental proceedings and contracts and other documents in all material respects; provided, that no
representation or warranty is made as to the Initial Purchaser Information (as defined in Section 8(e)). 

  
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 (ll)    Except as would not reasonably be expected to result in a Material
Adverse Effect, (A) each of the Domino’s Parties and each of their respective subsidiaries carry, or are covered by, insurance from insurers of recognized financial responsibility in such amounts and covering such risks as is adequate for
the conduct of their respective businesses and the value of their respective properties and as is customary for companies engaged in similar businesses in similar industries; (B) all such policies of insurance of the Domino’s Parties and
each of their respective subsidiaries are in full force and effect; (C) the Domino’s Parties and each of their respective subsidiaries are in compliance with the terms of such policies in all material respects; (D) none of the
Domino’s Parties nor any of their respective subsidiaries has received notice from any insurer or agent of such insurer that capital improvements or other expenditures are required or necessary to be made in order to continue such insurance;
and (E) there are no claims by the Domino’s Parties or any of their respective subsidiaries under any such policy or instrument as to which any insurance company is denying liability or defending under a reservation of rights clause. None
of the Domino’s Parties nor any of their respective subsidiaries has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers
as may be necessary to continue its business at a cost that could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 

(mm)     No relationship, direct or indirect, that would be required to be described in a registration statement of
Domino’s pursuant to Item 404 of Regulation S-K, exists between or among any of the Domino’s Parties and their respective subsidiaries, on the one hand, and the directors, officers, stockholders, customers or suppliers of any of the
Domino’s Parties and their respective subsidiaries, on the other hand, that has not been described in the Pricing Disclosure Package and the Final Offering Memorandum. 

(nn)     No labor disturbance by or dispute with the employees of the Domino’s Parties or any of their respective
subsidiaries exists or, to the knowledge of any Domino’s Party, is imminent, in each case that would reasonably be expected to have a Material Adverse Effect. Subject to the understanding that multiple laws and principles govern the
circumstances under which a franchisor may be deemed a joint employer of its franchisees’ employee, that those laws and principles vary from jurisdiction to jurisdiction and statute to statute, and that no controlling guidance has been issued
by any court or agency regarding either the standards that govern such determinations or the steps that franchisors must take, or refrain from taking, to avoid being deemed a joint employer, the Domino’s Parties believe that they have taken
steps which, in their business judgment, and taking into accounts the needs of the franchise system and the Domino’s® brand, they deem reasonably appropriate to mitigate the risk, if any,
that (i) employees of the Franchisees will be deemed joint employees of the Domino’s Parties, and (ii) they will be deemed jointly liable for any labor or employment claims made by the employees of the Franchisees, which, in either
case, if adversely determined, would reasonably be expected to have a Material Adverse Effect. 
 (oo)     None of the
Domino’s Parties nor any of their respective subsidiaries has taken any action which would (A) conflict with or result in a breach or violation of any of the terms or provisions of, impose any lien, charge or encumbrance upon any property
or assets of any of the Domino’s Parties or any of their respective subsidiaries, or constitute a default under, any indenture, mortgage, deed of trust, loan agreement, credit agreement, security agreement, license, lease or other agreement or
instrument to which any of the Domino’s Parties or any of 

  
 14 

 
their respective subsidiaries is a party or by which any of the Domino’s Parties or any of their respective subsidiaries is bound or to which any of the property or assets of any of the
Domino’s Parties or any of their respective subsidiaries is subject, except for Liens created by the Indenture or the other Related Documents and Permitted Liens, (B) result in any violation of the provisions of the charter, by-laws,
certificate of formation, limited liability company agreement or other organizational document of any of the Domino’s Parties, or (C) result in any violation of any statute or any judgment, order, decree, rule or regulation of any court or
governmental agency or body having jurisdiction over any of the Domino’s Parties or any of their respective subsidiaries or any of their respective properties or assets, except (in the case of clauses (A) and (C)) as would not,
individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 
 (pp)    Except as would
not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect: 

(i)     the Domino’s Parties: (a) are in compliance with all applicable Environmental Laws,
(b) hold all permits, licenses, approvals, registrations, notifications, exemptions and other authorizations required under any Environmental Law (collectively, “Environmental Permits”, each of which is in full force and
effect) required for any of their current operations or for any property owned, leased, or otherwise operated by any of them and (c) are in material compliance with all of their Environmental Permits; 

(ii)     Any gasoline or petroleum (including crude oil or any fraction thereof) or petroleum products
(virgin or unused), polychlorinated biphenyls, urea- formaldehyde insulation, asbestos, pollutants, contaminants, radioactivity and any other materials or substances that are regulated pursuant to any applicable Environmental Law (collectively,
“Materials of Environmental Concern”) are not present at, on, under or in any real property now or formerly owned, leased or operated by any Domino’s Party or any of their respective subsidiaries, or at any other
location (including, without limitation, any location to which Materials of Environmental Concern have been sent for re-use or recycling or for treatment, storage or disposal) which would reasonably be expected to (i) give rise to liability of
any Domino’s Party or any of their respective subsidiaries under any applicable Environmental Law, (ii) interfere with any Domino’s Party’s or any of their respective subsidiaries’ continued operations or (iii) impair
the fair saleable value of any real property owned by any Domino’s Party or any of their respective subsidiaries; 

(iii)     there is no judicial, administrative, or arbitral proceeding (including any notice of violation
or alleged violation) under or relating to any Environmental Law to which any Domino’s Party or any of their respective subsidiaries is, or to the knowledge of the Domino’s Parties or any of their respective subsidiaries will be, named as
a party that is pending or, to the knowledge of any Domino’s Party or any of their respective subsidiaries, threatened; 

(iv)     none of the Domino’s Parties or any of their respective subsidiaries has received any written
request for information, or been notified in writing that it is a potentially responsible party under or relating to the Federal Comprehensive Environmental Response, Compensation and Liability Act or any similar Environmental Law, or with respect
to any Materials of Environmental Concern; 

  
 15 

 (v)     none of the Domino’s Parties or any of their
respective subsidiaries has entered into or agreed to any consent decree, order, or settlement or other agreement, or is subject to any judgment, decree, or order or other agreement, in any judicial, administrative, arbitral, or other forum for
dispute resolution, in each case, that would be expected to result in ongoing obligations or costs relating to compliance with or liability under any Environmental Law; and 

(vi)     none of the Domino’s Parties or any of their respective subsidiaries has assumed or retained,
by contract or conduct, any liabilities of any kind, fixed or contingent, known or unknown, under any Environmental Law or with respect to any Materials of Environmental Concern. 

(qq)     Each of the Domino’s Parties and each of their respective subsidiaries has filed all federal, state, local
and foreign tax returns required to be filed through the date hereof, subject to permitted extensions (except in any case in which the failure so to file would not, individually or in the aggregate, have a Material Adverse Effect), and have paid or
caused to be paid all taxes due pursuant to said returns, (i) except for such taxes as are being contested in good faith and by appropriate proceedings, (ii) except for which adequate reserves have been set aside in accordance with GAAP or
(iii) as would not, individually or in the aggregate, have a Material Adverse Effect. No tax deficiency has been determined adversely to the Domino’s Parties or any of their respective subsidiaries, nor does any Domino’s Party have
any knowledge of any tax deficiencies that have been, or could reasonably be expected to be asserted against the Domino’s Parties or any of their respective subsidiaries, that would, individually or in the aggregate, reasonably be expected to
have a Material Adverse Effect. 
 (rr)     Except as would not reasonably be expected to have a Material Adverse
Effect, (i) each “employee benefit plan” (within the meaning of Section 3(3) of the Employee Retirement Security Act of 1974, as amended (“ERISA”) and whether or not subject to ERISA) for which any of the
Domino’s Parties would have any material liability, contingent or otherwise (each a “Plan”), presently complies and has been maintained in compliance with its terms and with the requirements of all applicable statutes,
rules and regulations including ERISA and the Code; (ii) no prohibited transaction, within the meaning of Section 406 of ERISA or Section 4975 of the Code, has occurred with respect to any Plan excluding transactions effected pursuant
to a statutory or administrative exemption; and (iii) each Plan that is intended to be qualified under Section 401(a) of the Code is so qualified and nothing has occurred, whether by action or by failure to act, which would cause the loss
of such qualification. No Plan is or was subject to Title IV of ERISA and none of the Domino’s Parties has any material liability with regards to any post-retirement welfare benefit under a Plan other than as required by Part 6 of Subtitle B of
Title I of ERISA or similar required continuation of coverage law. 
 (ss)     No Guarantor is currently prohibited,
directly or indirectly, from paying any dividends to its parent or to the Co-Issuers, from making any other distribution on such Guarantor’s capital stock, limited liability company, unlimited company or
other ownership interests, as applicable, from repaying to its parent or the Co-Issuers any loans or advances to 

  
 16 

 
such Guarantor from its parent or the Co-Issuers or from transferring any of such Guarantor’s property or assets to its parent or the Co-Issuers, or any other subsidiary of its parent or the
Co- Issuers. 
 (tt)     None of the Domino’s Parties nor any of their respective subsidiaries is, and after giving
effect to the offer and sale of the Offered Notes and the application of the proceeds therefrom as described under “Use of Proceeds” in each of the Pricing Disclosure Package and the Final Offering Memorandum will be, an “investment
company” or a company “controlled” by an “investment company” within the meaning of Section 3(a)(1) of the Investment Company Act of 1940, as amended (the “1940 Act”), and the rules and
regulations of the Commission thereunder. None of the Co-Issuers constitutes a “covered fund” for purposes of the Volcker Rule promulgated under the Dodd-Frank Wall Street Reform and Consumer Protection Act. None of the Offered Notes is an
“asset-backed security” within the meaning of Section 3(a)(79) of the Securities Exchange Act of 1934, as amended, and as a result Regulation RR, 17 C. F. R § 246.1 et seq. (the Risk Retention Rules) do not apply to the issuance
and sale of the Offered Notes. 
 (uu)     The statistical and market-related data included or incorporated by reference
in the Pricing Disclosure Package and the Final Offering Memorandum and the consolidated financial statements of Domino’s, the Master Issuer and each of their respective subsidiaries included in the Pricing Disclosure Package and the Final
Offering Memorandum are based on or derived from sources that the Domino’s Parties believe to be reliable in all material respects. 

(vv)     Immediately after giving effect to the consummation of the transactions contemplated by this Agreement, each of
the Domino’s Parties will be Solvent. As used in this Agreement, the term “Solvent” means, with respect to a particular date, that on such date (i) the present fair market value (or present fair saleable value) of
the assets of such relevant entity are not less than the total amount required to pay the liabilities of such relevant entity on its total existing debts and liabilities (including contingent liabilities) as they become absolute and matured,
(ii) the relevant entity is able to realize upon its assets and pay its debts and other liabilities, contingent obligations and commitments as they mature and become due in the normal course of business, (iii) assuming the completion of
the transactions contemplated by the Related Documents, the relevant entity is not incurring debts or liabilities beyond its ability to pay as such debts and liabilities mature, (iv) the relevant entity is not engaged in any business or
transaction, and is not about to engage in any business or transaction, for which its property would constitute unreasonably small capital after giving due consideration to the prevailing practice in the industry in which such entity is engaged, and
(v) the relevant entity is not a defendant in any civil action that would result in a judgment that such entity is or would become unable to satisfy. In computing the amount of such contingent liabilities at any time, it is intended that such
liabilities will be computed at the amount that, in the light of all the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability. 

(ww)     There are no contracts, agreements or understandings between or among any Domino’s Party and any person
granting such person the right to require any of the Domino’s Parties to file a registration statement under the 1933 Act with respect to any securities 

  
 17 

 
of the Domino’s Parties owned or to be owned by such person or to include any such securities with any securities being registered pursuant to any other registration statement filed by any
Domino’s Party under the 1933 Act. 
 (xx)     None of the Domino’s Parties nor any of their respective
subsidiaries is a party to any contract, agreement or understanding with any person (other than this Agreement) that would give rise to a valid claim against any of them or the Initial Purchasers for a brokerage commission, finder’s fee or like
payment in connection with the offering and sale of the Offered Notes. 
 (yy)     None of the transactions contemplated
by this Agreement (including, without limitation, the use of the proceeds from the sale of the Offered Notes), will violate or result in a violation of Section 7 of the 1934 Act, or any regulation promulgated thereunder, including, without
limitation, Regulations T, U and X of the Board of Governors of the Federal Reserve System. 
 (zz)     None of the
Domino’s Parties nor any of their respective affiliates have taken, directly or indirectly, any action designed to or that has constituted or that could reasonably be expected to cause or result in the stabilization or manipulation of the price
of any security of any Co-Issuer or Guarantor in connection with the offering of the Offered Notes. 
 (aaa)     The
Domino’s Parties and their respective affiliates have not taken any action or omitted to take any action which may result in the loss by any Initial Purchaser of the ability to rely on any stabilization safe harbor provided by applicable law
and regulation. 
 (bbb)     None of the Domino’s Parties nor any of their respective subsidiaries is in violation
of or has received notice of any violation with respect to any federal or state law relating to discrimination in the hiring, promotion or pay of employees, nor any applicable federal or state wage and hour laws, nor any state law precluding the
denial of credit due to the neighborhood in which a property is situated, the violation of any of which would reasonably be expected to have a Material Adverse Effect. 

(ccc)    None of the Domino’s Parties nor any of their respective subsidiaries, nor to the knowledge of the relevant
entity, any director, officer, manager, member, agent, employee, affiliate or other person acting on behalf of such relevant entity, has (i) made any unlawful contribution, gift, entertainment or other unlawful expense relating to political
activity; (ii) made any direct or indirect unlawful payment to any domestic governmental official, “foreign official” (as defined in the U.S. Foreign Corrupt Practices Act of 1977, as amended, and the rules and regulations thereunder
(collectively, the “FCPA”) or employee; (iii) violated or is in violation of any provision of the FCPA, the Bribery Act of 2010 of the United Kingdom or any applicable non-U.S. anti-bribery statute or regulation;
(iv) made any bribe, rebate, payoff, influence payment, kickback or other unlawful payment; or (v) received notice of any investigation, proceeding or inquiry by any governmental agency, authority or body regarding any of the matters in
clauses (i)-(iv) above; and the Domino’s Parties and their respective subsidiaries and, to the knowledge of such relevant entity and the relevant entity’s affiliates, have conducted their respective businesses in compliance with the FCPA
and have instituted and maintain policies and procedures designed to ensure, and which are reasonably expected to continue to ensure, continued compliance therewith. 

  
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 (ddd)     The operations of the Domino’s Parties and each of their
respective subsidiaries are and have been conducted at all times in compliance with applicable financial record-keeping and reporting requirements of the Currency and Foreign Transactions Reporting Act of 1970, as amended, the money laundering
statutes of all jurisdictions, the rules and regulations thereunder and any related or similar rules, regulations or guidelines issued, administered or enforced by any governmental agency (collectively, the “Money Laundering
Laws”) and no action, suit or proceeding by or before any court or governmental agency, authority or body or any arbitrator involving any Domino’s Party or any of their respective subsidiaries with respect to the Money Laundering
Laws is pending or, to the knowledge of such relevant entity, threatened. 
 (eee)     None of the Domino’s Parties
nor any of their respective subsidiaries nor, to the knowledge of such relevant entity, any director, officer, agent, employee, affiliate or other person acting on behalf of such relevant entity is currently the subject or target of any sanctions
administered or enforced by the United States Government, including, without limitation, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”), the U.S. Department of State, the United Nations
Security Council, the European Union, Her Majesty’s Treasury, or other relevant sanctions authority (collectively, “Sanctions”), nor is such relevant entity located, organized or resident in a country or territory that
is the subject of Sanctions; and the Domino’s Parties and their respective subsidiaries will not directly or indirectly use the proceeds of the offering, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint
venture partner or other person or entity, for the purpose of financing the activities of or business with any person, or in any country or territory, that currently is the subject or target of any Sanctions or in any other manner that will result
in a violation by any person (including any person participating in the transaction whether as underwriter, advisor, investor or otherwise) of Sanctions. 

(fff)     There are no transfer taxes or other similar fees or charges under Federal law or the laws of any state, or any
political subdivision thereof, required to be paid in connection with the execution and delivery of this Agreement or the issuance and sale by the Co-Issuers and the Guarantors of the Offered Notes. 

(ggg)     None of the Domino’s Parties nor any of their respective affiliates or representatives, have participated
in a plan or scheme to evade the registration requirements of the 1933 Act through the sale of the Offered Notes pursuant to Regulation S. 

(hhh)     None of the Domino’s Parties has knowledge that any other party to any material contract being assigned on
the Closing Date has any intention not to perform its obligations thereunder in all material respects, except as could not, individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect. 

(iii)    No forward-looking statement (within the meaning of Section 27A of the 1933 Act and Section 21E of the
1934 Act) contained in the Pricing Disclosure Package or the Final Offering Memorandum has been made without a reasonable basis or has been disclosed other than in good faith. 

  
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 (jjj)     (i) The Manager has provided a 17g-5 Representation (as defined
below) to S&P (as defined below); (ii) an executed copy of the 17g-5 Representation delivered to S&P has been delivered to the Initial Purchasers; and (iii) each of the Domino’s Parties has complied in all material respects with
each 17g-5 Representation. For purposes of this Agreement, “17g-5 Representation” means a written representation provided to S&P, which satisfies the requirements of Rule 17g-5(a)(3)(iii) of under the 1934 Act. 

Any certificate signed by any officer of any Domino’s Party and delivered to the Initial Purchasers or counsel for the Initial Purchasers
or any Domino’s Party in connection with the offering of the Offered Notes shall be deemed a representation and warranty by such Domino’s Party, as to matters covered thereby, to the Initial Purchasers, and not a representation or warranty
by the individual (other than in his or her official capacity). 
 3.    Purchase of the Offered Notes by the Initial
Purchasers; Agreements to Sell, Purchase and Resell. 
 (a)     On the basis of the representations, warranties,
covenants and agreements herein contained, and subject to the terms and conditions herein set forth, the Co-Issuers, jointly and severally, agree to sell to each Initial Purchaser and each Initial Purchaser, severally and not jointly, agrees to
purchase from the Co-Issuers, at a purchase price as agreed, in writing, among the Co-Issuers and each Initial Purchaser, the principal amount of Offered Notes set forth opposite their respective names on Schedule I hereto. 

(b)     Each of the Initial Purchasers, severally and not jointly, hereby represents and warrants to the Co-Issuers that
it will offer the Offered Notes for sale upon the terms and conditions set forth in this Agreement, the Pricing Disclosure Package and the Final Offering Memorandum. Each of the Initial Purchasers, severally and not jointly, hereby represents and
warrants to, and agrees with, the Co-Issuers, on the basis of the representations, warranties and agreements of the Co-Issuers, the Parent Companies, the Manager and the Guarantors, that such Initial Purchaser: (i) is a sophisticated investor
with such knowledge and experience in financial and business matters as are necessary in order to evaluate the merits and risks of an investment in the Offered Notes; (ii) is purchasing the Offered Notes pursuant to a private sale exempt from
registration under the 1933 Act; (iii) in connection with the Exempt Resales, will solicit offers to buy the Offered Notes only from, and will offer to sell the Offered Notes only to, the Eligible Purchasers in accordance with this Agreement
and on the terms contemplated by the Pricing Disclosure Package and the Final Offering Memorandum; and (iv) will not offer or sell the Offered Notes, nor has it offered or sold the Offered Notes by, or otherwise engaged in, any General
Solicitation and will not engage in any directed selling efforts within the meaning of Rule 902 under the 1933 Act, in connection with the offering of the Offered Notes. The Initial Purchasers have advised the Co-Issuers that they will offer the
Offered Notes to Eligible Purchasers at an initial price as set forth in Schedule II hereof, plus accrued interest, if any, from the date of issuance of the Offered Notes. Such price may be changed by the Initial Purchasers at any time without
notice. 

  
 20 

 (c)     Each Initial Purchaser, severally and not jointly, represents and
warrants to the Domino’s Parties that: 
 (i)     It has complied and will comply with all applicable provisions
of the Financial Services and Markets Act 2000 (the “FSMA”) with respect to anything done by it in relation to the Offered Notes in, from or otherwise involving the United Kingdom, and it has only communicated or caused to be
communicated and it will only communicate or cause to be communicated any invitation or inducement to engage in investment activity (within the meaning of Section 21 of the FSMA) received by it in connection with the issue or sale of any
Offered Notes, in circumstances in which Section 21(1) of the FSMA does not apply to the Co-Issuers; and 

(ii)     In relation to each member state of the European Economic Area that has implemented the Prospectus Directive
(each a “relevant member state”), with effect from and including the date on which the Prospectus Directive is implemented in that relevant member state (the “relevant implementation date”) an offer of Offered Notes to the public
has not been made and will not be made in that relevant member state other than: 
  

	 	(A)	to any legal entity which is a “qualified investor” as defined in the Prospectus Directive; 

  

	 	(B)	to fewer than 100 or, if the relevant member state has implemented the relevant provision of the 2010 PD Amending Directive, to fewer than 150 natural or legal persons (other than qualified investors as defined in the
Prospectus Directive) as permitted under the Prospectus Directive, subject to obtaining the prior consent of the Issuer; or 

  

	 	(C)	in any other circumstances falling within Article 3(2) of the Prospectus Directive; 

 provided that no
such offer of Offered Notes shall require the Co-Issuers or the Initial Purchasers to publish a prospectus pursuant to Article 3 of the Prospectus Directive. For the purposes of this Section 3(c), the expression an “offer of Notes to the
public” in any Relevant Member State means the communication in any form and by any means of sufficient information on the terms of the offer and the Offered Notes to be offered so as to enable an investor to decide to purchase or subscribe to
the Offered Notes, as the same may be varied in that Relevant Member State by any measure implementing the Prospectus Directive in that Relevant Member State and the expression “Prospectus Directive” means Directive 2003/71/EC (and
amendments thereto, including the 2010 PD Amending Directive, to the extent implemented in the Relevant Member State), and includes any relevant implementing measure in each Relevant Member State and the expression “2010 Amending
Directive” means Directive 2010/73/EU. 
 (d)     The Initial Purchasers have not and, prior to the later to occur
of (A) the Closing Date and (B) completion of the distribution of the Offered Notes, will not, use, authorize use of, refer to or distribute any material in connection with the offering and sale of the Offered Notes other than (i) the
Preliminary Offering Memorandum, the Pricing Disclosure Package and the Final Offering Memorandum, (ii) any written communication that contains either (x) no “issuer information” (as defined in Rule 433(h)(2) under the 1933 Act)
or (y) “issuer information” that was included (including through incorporation by reference) in the Preliminary 

  
 21 

 
Offering Memorandum, the Pricing Disclosure Package or the Final Offering Memorandum or (iii) any written communication prepared by such Initial Purchaser and approved by the Master Issuer
(or the Manager on its behalf) in writing. 
 (e)     Each Initial Purchaser hereby acknowledges that upon original
issuance thereof, and until such time as the same is no longer required under the applicable requirements of the 1933 Act, the Offered Notes (and all securities issued in exchange therefore or in substitution thereof) shall bear legends
substantially in the forms as set forth in the “Transfer Restrictions” section of the Pricing Disclosure Package and Offering Memorandum (along with such other legends as the Co-Issuers and their counsel deem necessary). 

Each of the Initial Purchasers understands that the Co-Issuers and, for purposes of the opinions to be delivered to the Initial Purchasers
pursuant to Sections 7(d) and 7(j) hereof, counsel to the Co-Issuers, and counsel to the Initial Purchasers, will assume the accuracy and truth of the foregoing representations, warranties and agreements, and the Initial Purchasers hereby consent to
such reliance. 
 4.     Delivery of the Offered Notes and Payment Therefor. Delivery to the Initial Purchasers
of and payment for the Offered Notes shall be made at the office of Skadden, Arps, Slate, Meagher & Flom LLP, at 10:00 A.M., New York City time, on July 24, 2017 (the “Closing Date”). The place of closing for the
Offered Notes and the Closing Date may be varied by agreement between the Initial Purchasers and the Co-Issuers. 
 The Offered Notes will
be delivered to the respective accounts of the Initial Purchasers, or the Trustee as custodian for The Depository Trust Company (“DTC”), against payment by or on behalf of the Initial Purchasers of the purchase price therefor
by wire transfer in immediately available funds, by causing DTC to credit the Offered Notes to the respective accounts of the Initial Purchasers at DTC. The Offered Notes will be evidenced by one or more global securities with respect to each series
in definitive form and will be registered in the name of Cede & Co. as nominee of DTC. The Offered Notes to be delivered to the Initial Purchasers shall be made available to the Initial Purchasers in New York City for inspection and
packaging not later than 10:00 A.M., New York City time, on the Business Day next preceding the Closing Date. 

5.    Agreements of the Domino’s Parties. The Domino’s Parties, jointly and severally, agree with each of
the Initial Purchasers as follows: 
 (a)     The Domino’s Parties will furnish to the Initial Purchasers, without
charge, within one Business Day of the date of the Final Offering Memorandum, such number of copies of the Final Offering Memorandum as may then be amended or supplemented as the Initial Purchasers may reasonably request, provided that such
obligation may be satisfied by delivery of the Final Offering Memorandum and any such amendments and supplements by electronic means, including by e-mail delivery of a PDF file. 

(b)     The Domino’s Parties shall provide to the Initial Purchasers, without charge, during the period from the date
of this Agreement until the earlier of (i) 180 days from the date of this Agreement and (ii) such date as of which all of the Offered Notes shall have been 

  
 22 

 
sold by the Initial Purchasers (such period, the “Offering Period”), as many copies of the Final Offering Memorandum and any supplements and amendments thereto, as the
Initial Purchasers may reasonably request, provided that such obligation may be satisfied by delivery of the Final Offering Memorandum and any such amendments and supplements by electronic means, including by e-mail delivery of a PDF file.

 (c)     The Domino’s Parties will prepare the Final Offering Memorandum in a form approved by each Initial
Purchaser and will not make any amendment or supplement to the Pricing Disclosure Package or to the Final Offering Memorandum of which each Initial Purchaser shall not previously have been advised or to which they shall reasonably object after being
so advised. 
 (d)     The Domino’s Parties will (i) advise the Initial Purchasers promptly of (x) any
Commission order preventing or suspending the use of the Preliminary Offering Memorandum, the Pricing Disclosure Package or the Final Offering Memorandum or (y) any suspension of the qualification of the Offered Notes or the Guarantee for
offering or sale in any jurisdiction and of the initiation or threatening of any proceeding for any such purpose, and (ii) use commercially reasonable efforts to prevent the issuance of any such order preventing or suspending the use of the
Preliminary Offering Memorandum, the Pricing Disclosure Package or the Final Offering Memorandum or suspending any such qualification and, if any such suspension is issued, to obtain the lifting thereof at the earliest possible time. 

(e)     Each of the Domino’s Parties consents to the use of the Pricing Disclosure Package and the Final Offering
Memorandum in accordance with the securities or Blue Sky laws of the jurisdictions in which the Offered Notes are offered by the Initial Purchasers and by all dealers to whom Offered Notes may be sold, in connection with the offering and sale of the
Offered Notes. 
 (f)     If, at any time prior to the end of the Offering Period, any event occurs or information
becomes known that, in the judgment of any Domino’s Party or in the opinion of counsel for the Initial Purchasers, should be set forth in the Pricing Disclosure Package or the Final Offering Memorandum so that the Pricing Disclosure Package or
the Final Offering Memorandum, as then amended or supplemented, does not contain an untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which
they were made, not misleading, or if it is necessary to supplement or amend the Pricing Disclosure Package or the Final Offering Memorandum in order to comply with any law, the Domino’s Parties will promptly prepare an appropriate supplement
or amendment thereto, and will expeditiously furnish to the Initial Purchasers a reasonable number of copies thereof. 

(g)     Promptly from time to time, the Domino’s Parties shall take such action as each Initial Purchaser may
reasonably request to qualify the Offered Notes for offering and sale under the securities or Blue Sky laws of such jurisdictions as each Initial Purchaser may request, to comply with such laws so as to permit the continuance of sales and dealings
therein in such jurisdictions for as long as may be necessary to complete the distribution of the Offered Notes and to arrange for the determination of the eligibility for investment of the Offered Notes under the laws of such jurisdictions as each
Initial Purchaser may reasonably request; provided that in 

  
 23 

 
connection therewith, none of the Domino’s Parties shall be required to (i) qualify as a foreign corporation, limited liability company or unlimited company in any jurisdiction in which
it would not otherwise be required to so qualify, (ii) file a general consent to service of process in any such jurisdiction or (iii) subject itself to taxation in any jurisdiction in which it would not otherwise be subject. 

(h)     For a period commencing on the date hereof and ending on the 180th day after the date of the Final Offering
Memorandum, the Domino’s Entities agree not to, directly or indirectly, (i) offer for sale, sell, or otherwise dispose of (or enter into any transaction or device that is designed to, or would be expected to, result in the disposition by
any person at any time in the future of) any debt securities of any Domino’s Entity substantially similar to the Offered Notes (“Similar Debt Securities”) or securities convertible into or exchangeable for Similar Debt
Securities, sell or grant options, rights or warrants with respect to Similar Debt Securities or securities convertible into or exchangeable for Similar Debt Securities, (ii) enter into any swap or other derivatives transaction that transfers
to another, in whole or in part, any of the economic benefits or risks of ownership of Similar Debt Securities whether any such transaction described in clause (i) or (ii) above is to be settled by delivery of Similar Debt Securities or other
securities, in cash or otherwise, (iii) file or cause to be filed a registration statement, including any amendments, with respect to the registration of Similar Debt Securities or securities convertible, exercisable or exchangeable into
Similar Debt Securities or (iv) publicly announce an offering of any Similar Debt Securities or securities convertible or exchangeable into Similar Debt Securities, in each case without the prior written consent each Initial Purchaser. 

(i)     So long as any of the Offered Notes are outstanding, the Domino’s Parties will furnish at their expense to
the Initial Purchasers, and, upon request, to holders of the Offered Notes that agree to certain confidentiality obligations and prospective purchasers of the Offered Notes, the information required by Rule 144A(d)(4) under the 1933 Act (if any).

 (j)     The Co-Issuers will apply the net proceeds from the sale of the Offered Notes to be sold by the Co-Issuers
hereunder substantially in accordance with the description set forth in the Pricing Disclosure Package and the Final Offering Memorandum under the caption “Use of Proceeds.” 

(k)     The Domino’s Parties and their respective affiliates will not take, directly or indirectly, any action
designed to or that has constituted or that reasonably could be expected to cause the stabilization or manipulation of the price of any security of Domino’s Parties in connection with the offering of the Offered Notes. 

(l)     Each Domino’s Party will not, and will not permit any of its respective affiliates (as defined in Rule 144)
to, resell any of the Offered Notes that have been acquired by any of them, except for Offered Notes purchased by any of the Domino’s Parties or any of their respective affiliates and resold in a transaction registered under the 1933 Act or in
accordance with Rule 144 or other applicable exemption under the 1933 Act. 
 (m)     The Domino’s Parties will use
their commercially reasonable efforts to permit the Offered Notes to be eligible for clearance and settlement in the United States through DTC and in Europe through Euroclear Bank, S.A./N.V., or Clearstream Banking, société
anonyme. 

  
 24 

 (n)     The Domino’s Parties will not, and will cause their respective
affiliates and representatives not to, engage in any “directed selling efforts” within the meaning of Rule 902 under the 1933 Act. 

(o)     The Domino’s Parties will, and will cause their respective affiliates and representatives to, comply with and
implement the “offering restrictions” required by Rule 902 under the 1933 Act. 
 (p)     The Domino’s
Parties agree not to sell, offer for sale or solicit offers to buy or otherwise negotiate in respect of any “security” (as defined in the 1933 Act) that would be integrated with the sale of the Offered Notes in a manner that would require
the registration under the 1933 Act of the sale to the Initial Purchasers or the Eligible Purchasers of the Offered Notes. The Domino’s Parties will take reasonable precautions designed to insure that any offer or sale, direct or indirect, in
the United States or to any U.S. person (as defined in Rule 902 under the 1933 Act), of any Offered Notes or any substantially similar security issued by any Domino’s Party, within six (6) months subsequent to the date on which the
distribution of the Offered Notes has been completed (as notified to the Co-Issuers by the Initial Purchasers) is made under restrictions and other circumstances reasonably designed not to affect the status of the offer and sale of the Offered Notes
in the United States and to U.S. persons contemplated by this Agreement as transactions exempt from the registration provisions of the 1933 Act, including any sales pursuant to Rule 144A under, or Regulations D or S of, the 1933 Act. 

(q)     The Co-Issuers and the Guarantors agree to comply with all agreements set forth in the representation letters of
the Co-Issuers and the Guarantors to DTC relating to the approval of the Offered Notes by DTC for “book entry” transfer. 

(r)     The Domino’s Parties will do and perform all things required to be done and performed under this Agreement by
them prior to the Closing Date in order to satisfy all conditions precedent to the Initial Purchasers’ obligations hereunder to purchase the Offered Notes. 

(s)     During the Offering Period, the Domino’s Parties will not solicit any offer to buy from or offer to sell to
any person any Offered Notes except through the Initial Purchasers. To the extent that the Offering Period continues beyond the Closing Date, each Initial Purchaser will provide the Co-Issuers and the Manager written notice of the conclusion of the
Offering Period. 
 (t)     The Domino’s Parties (i) shall complete on or prior to the Closing Date all
filings and other similar actions required in connection with the creation and perfection of security interests in the Collateral as and to the extent required by the Indenture, the Offered Notes, the Guarantees and the other Related Documents and
(ii) after the Closing Date, shall complete all filings and other similar actions that need not be completed on the Closing Date but which may be required in connection with the creation and perfection or maintenance of security interests in
the Collateral as and to the extent required by the Indenture, the Offered Notes, the Guarantees and the other Related Documents. 

  
 25 

 (u)     The Domino’s Parties, any of their respective affiliates or
representatives (other than the Initial Purchasers, their affiliates and representatives, as to whom the Domino’s Parties make no covenant) will not engage in any General Solicitation in connection with the offer and sale of the Offered Notes.

 (v)     The Domino’s Parties will take such steps as shall be necessary to ensure that no such Domino’s
Party becomes required to register as an “investment company” within the meaning of such term under the 1940 Act. 

(w)     No Domino’s Party will take any action which would result in the loss by any Initial Purchaser of the ability
to rely on any stabilization safe harbor provided by applicable law and regulation. Each Domino’s Party hereby authorizes the Initial Purchasers to make such public disclosure of information relating to stabilization as is required by
applicable law, regulation and guidance. 
 (x)     To the extent that the ratings to be provided with respect to the
Offered Notes as set forth in the Pricing Disclosure Package by S&P Global Ratings or any successor thereto (“S&P”) are conditional upon the furnishing of documents or the taking of any other actions by Domino’s
Parties or any of their respective affiliates, the Domino’s Parties and any of their respective affiliates agree to furnish such documents and take any such other action that is reasonably requested by the S&P. 

(y)     The Manager shall comply, and shall cause the Co-Issuers to comply, in all material respects with Rule 17g-5 under
the 1934 Act and the 17g-5 Representation. 
 6.    Expenses. Whether or not the transactions contemplated by
this Agreement are consummated or this Agreement is terminated, the Domino’s Parties, jointly and severally, agree, to pay all reasonable documented out-of-pocket expenses, costs, fees and taxes incident to and in connection with: (a) the
preparation, printing and distribution of the Preliminary Offering Memorandum, the Pricing Disclosure Package and the Final Offering Memorandum (including, without limitation, financial statements and exhibits and one or more versions of the
Preliminary Offering Memorandum and the Final Offering Memorandum, if requested, for distribution in Canada, including in the form of a Canadian “wrapper” (including related fees and expenses of Canadian counsel to the Initial Purchasers))
and all amendments and supplements thereto (including the fees, disbursements and expenses of the Domino’s Parties’ accountants, experts and counsel); (b) the preparation, printing (including, without limitation, word processing and
duplication costs) and delivery of this Agreement, the Indenture, the Offered Notes, the Guarantees and the other Related Documents, all Blue Sky memoranda and all other agreements, memoranda, correspondence and other documents printed and delivered
in connection therewith and with the Exempt Resales; (c) the issuance and delivery by the Co-Issuers of the Offered Notes and by the Guarantors of the Guarantees and any taxes payable in connection therewith; (d) the qualification of the
Offered Notes for offer and sale under the securities or Blue Sky laws of the several states and any foreign jurisdictions as each Initial Purchaser may designate (including, without limitation, the reasonable fees and disbursements of the Initial
Purchasers’ counsel relating to such registration or qualification); (e) the furnishing of such copies of the Preliminary Offering Memorandum, the Pricing Disclosure Package and the Final Offering Memorandum, and all amendments and supplements
thereto, as may be reasonably requested for 

  
 26 

 
use in connection with the Exempt Resales; (f) the preparation of certificates for the Offered Notes (including, without limitation, printing and engraving thereof); (g) the fees and
expenses of the accountants and other experts incurred in connection with the delivery of the comfort letters and “agreed upon procedures” letters to the Initial Purchasers pursuant to the terms of this Agreement; (h) the reasonable
fees, disbursements and expenses of outside legal counsel to the Initial Purchasers, the fees of outside accountants, the costs of any diligence service, and the fees of any other third party service provider or advisor retained by an Initial
Purchaser with the prior approval of the Co-Issuers (not to be unreasonably withheld); (i) the custody of the Offered Notes and the approval of the Offered Notes by DTC for “book-entry” transfer (including fees and expenses of counsel for
the Initial Purchaser); (j) the rating of the Offered Notes; (k) the obligations of the Trustee, the Servicer, any agent of the Trustee or the Servicer and the counsel for the Trustee or the Servicer in connection with the Indenture, the
Offered Notes or the other Related Documents; (l) the performance by the Domino’s Parties of their other obligations under this Agreement and under the other Related Documents which are not otherwise specifically provided for in this
Section 6; (m) all reasonable travel expenses (including expenses related to chartered aircraft) of the Initial Purchasers and Domino’s Parties’ officers and employees and any other expenses of each of the Initial Purchasers, the
Domino’s Parties in connection with attending or hosting meetings with prospective purchasers of the Offered Notes, and expenses associated with any “road show” presentation to potential investors (including any electronic “road
show” presentations); (n) compliance with Rule 17g-5 under the 1934 Act; and (o) all sales, use and other taxes (other than income taxes) related to the transactions contemplated by this Agreement, the Indenture, the Offered Notes or the
other Related Documents. 
 7.    Conditions to Initial Purchasers’ Obligations. The respective obligations
of the Initial Purchasers hereunder are subject to the accuracy, when made and on and as of the Closing Date, of the representations and warranties of the Domino’s Parties contained herein, to the performance by the Domino’s Parties and
each of their respective obligations hereunder, and to each of the following additional terms and conditions: 
 (a)    
The Final Offering Memorandum (and any amendments or supplements thereto) shall have been printed and copies distributed to the Initial Purchasers as promptly as practicable on or following the date of this Agreement or at such other date and time
as to which the Initial Purchasers may agree. 
 (b)     Neither Initial Purchaser shall not have discovered and
disclosed to the Domino’s Parties on or prior to the Closing Date that the Pricing Disclosure Package or the Final Offering Memorandum or any amendment or supplement to any of the foregoing, contains an untrue statement of a fact which, in the
opinion of such Initial Purchaser, is material or omits to state a fact which, in the opinion of such Initial Purchaser, is material and is necessary in order to make the statements therein, in the light of the circumstances then prevailing, not
misleading. 
 (c)     All corporate proceedings and other legal matters incident to the authorization, form and
validity of this Agreement, the Offered Notes, the Indenture, the other Related Documents, the Pricing Disclosure Package and the Final Offering Memorandum, and all other legal matters relating to this Agreement and the transactions contemplated
hereby shall be reasonably satisfactory in all material respects to counsel for the Initial Purchasers, and the Domino’s Parties shall have furnished to such counsel all documents and information that they may reasonably request to enable them
to pass upon such matters. 

  
 27 

 (d)     The Initial Purchasers shall have received one or more opinions and a
negative assurance letter of Skadden, Arps, Slate, Meagher & Flom LLP, counsel to the Domino’s Parties, with respect to the matters set forth on Exhibit 2-A hereto. 

(e)     The Initial Purchasers shall have received an opinion of in-house counsel to the Domino’s Parties, addressed
to the Initial Purchasers and dated the Closing Date, in form and substance reasonably satisfactory to each Initial Purchaser and its counsel, which opinion shall include the opinions set forth on Exhibit 2-B. 

(f)     The Initial Purchasers shall have received an opinion and negative assurance letter of DLA Piper LLP (US),
franchise counsel to the Domino’s Parties, addressed to the Initial Purchasers and dated the Closing Date, in form and substance reasonably satisfactory to each Initial Purchaser and its counsel, which opinion shall include the relevant
opinions set forth on Exhibit 2-C. 
 (g)     The Initial Purchasers shall have received an opinion from Miller,
Canfield, Paddock & Stone, P.L.C., Michigan counsel, addressed to the Initial Purchasers and dated as of the Closing Date, in form and substance reasonably satisfactory to each Initial Purchaser and its counsel, which opinion shall include
the relevant opinions set forth on Exhibit 2-C. 
 (h)     The Initial Purchasers shall have received an opinion from
Stewart McKelvey, Nova Scotia counsel, Stikeman Elliot LLP, Alberta, British Columbia and Ontario counsel, Thompson Dorman Sweatman LLP, Manitoba counsel, and Loyens Loeff, Dutch counsel, each addressed to the Initial Purchasers and dated as of the
Closing Date, in form and substance reasonably satisfactory to each Initial Purchaser and its counsel, which opinions shall include the relevant opinions set forth on Exhibit 2-D. 

(i)     The Initial Purchasers shall have received an opinion of Dentons US LLP, counsel to the Trustee, addressed to the
Initial Purchasers and dated as of the Closing Date, in form and substance reasonably satisfactory to each Initial Purchaser and its counsel, which opinion shall include the relevant opinions set forth on Exhibit 2-E. 

(j)     The Initial Purchasers shall have received an opinion and negative assurance letter of Andrascik & Tita
LLC, counsel to the Servicer, and an opinion of in-house counsel to the Servicer, each addressed to the Initial Purchasers and dated the Closing Date, in form and substance reasonably satisfactory to each Initial Purchaser and its counsel, which
opinions shall include the relevant opinions set forth on Exhibit 2-E. 
 (k)     The Initial Purchasers shall have
received a bring down letter to the opinion of in-house counsel to the Back-Up Manager delivered in connection with the issuance and sale of the Series 2012-1 Notes, addressed to the Initial Purchasers and dated as of the Closing Date, in form and
substance reasonably satisfactory to each Initial Purchaser and its counsel, which bring-down letter to the opinion shall include the relevant opinions set forth on Exhibit 2-E. 

  
 28 

 (l)     The Initial Purchasers shall have received from White & Case
LLP, counsel for the Initial Purchasers, such opinions and negative assurance letter, dated as of the Closing Date, with respect to the issuance and sale of the Offered Notes, the Pricing Disclosure Package, the Final Offering Memorandum and other
related matters as each Initial Purchaser may reasonably require, and the Domino’s Parties shall have furnished to such counsel such documents and information as such counsel reasonably requests for the purpose of enabling them to pass upon
such matters. 
 (m)     In addition to the other opinions and letters provided for in this Section 7, the Initial
Purchasers shall have been provided with any other opinions that have been addressed to S&P in connection with the transactions contemplated herein, and such opinions will be addressed to the Initial Purchasers. 

(n)     At the time of execution of this Agreement, the Initial Purchasers shall have received from PricewaterhouseCoopers
LLP, a “comfort letter”, in form and substance reasonably satisfactory to each Initial Purchaser, addressed to the Initial Purchasers and dated the date hereof (i) confirming that they are independent public accountants with respect
to Domino’s and its subsidiaries within the meaning of the 1933 Act and the applicable rules and regulations adopted by the Commission and the Public Company Accounting Oversight Board and are in compliance with the applicable requirements
relating to the qualification of accountants under Rule-01 of Regulation S-X of the Commission and (ii) stating, as of the date hereof (or, with respect to matters involving changes or developments since the respective dates as of which
specified financial information is given in the Pricing Disclosure Package, as of a date not more than three days prior to the date hereof), the conclusions and findings of such firm with respect to the financial information and (iii) covering
such other matters as are ordinarily covered by accountants’ “comfort letters” to underwriters in connection with registered public offerings. 

(o)     With respect to the “comfort letter” of PricewaterhouseCoopers LLP referred to in the preceding
paragraph and delivered to the Initial Purchasers concurrently with the execution of this Agreement (the “initial letter”), PricewaterhouseCoopers LLP shall have furnished to the Initial Purchasers a “bring-down
letter” of such accountants, addressed to the Initial Purchasers and dated the Closing Date (i) confirming that they are independent public accountants with respect to Domino’s and its subsidiaries within the meaning of the 1933 Act
and the applicable rules and regulations adopted by the Commission and the Public Company Accounting Oversight Board and are in compliance with the applicable requirements relating to the qualification of accountants under Rule 2-01 of Regulation
S-X of the Commission, (ii) stating, as of the Closing Date (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given in each of the Pricing Disclosure Package
or the Final Offering Memorandum, as of a date not more than three days prior to the date of the Closing Date), the conclusions and findings of such firm with respect to the financial information and other matters covered by the initial letter, and
(iii) confirming in all material respects the conclusions and findings set forth in the initial letter. 
 (p)    
At the time of execution of this Agreement, the Initial Purchasers shall have received from FTI Consulting, Inc. a letter (the “Initial AUP Letter”), in form and substance reasonably satisfactory to the Initial Purchasers,
addressed to the Initial Purchasers and dated the date hereof, concerning certain agreed-upon procedures performed in respect of the information presented in the Pricing Disclosure Package and the Final Offering Memorandum (including the Investor
Model Runs (as defined in Schedule III hereto)). 

  
 29 

 (q)    With respect to the Initial AUP Letter referred to in the preceding
paragraph and delivered to the Initial Purchasers concurrently with the execution of this Agreement, FTI Consulting, Inc. shall have furnished to the Initial Purchasers a “bring-down letter”, addressed to the Initial Purchasers and dated
the Closing Date stating, as of the Closing Date (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given in each of the Pricing Disclosure Package or the Final
Offering Memorandum, as of a date not more than three (3) days prior to the Closing Date), (i) the conclusions and findings of such firm with respect to the matters covered by the Initial AUP Letter, and (ii) confirming in all material
respects the conclusions and findings set forth in the Initial AUP Letter. 
 (r)    (i) None of the Domino’s
Parties shall have sustained, since January 1, 2017, any material loss or interference with its business or properties from fire, explosion, flood, earthquake, hurricane, accident or other calamity, whether or not covered by insurance, or from any
labor dispute or any legal or governmental proceeding, other than as set forth in the Pricing Disclosure Package and the Final Offering Memorandum (exclusive of any supplement thereto); and (ii) subsequent to the dates as of which information
is given in the Pricing Disclosure Package and the Final Offering Memorandum (exclusive of any supplement thereto), there shall not have been any change in the capital stock or limited liability company interests, as applicable, or long-term or
short-term debt of any of the Domino’s Parties or any change, or any development involving a change, in the business, general affairs, condition (financial or otherwise), results of operations, limited liability company interests,
stockholders’ equity, properties, management, business or prospects of the Domino’s Parties and their respective subsidiaries, individually or taken as a whole, the effect of which, in any such case described above, is, in the judgment of
each Initial Purchaser, so material and adverse as to make it impracticable or inadvisable to proceed with the offering, sale or delivery of the Offered Notes on the terms and in the manner contemplated in the Pricing Disclosure Package and the
Final Offering Memorandum. 
 (s)     Each of the Domino’s Parties shall have furnished or caused to be furnished
to the Initial Purchasers dated as of the Closing Date a certificate of the Chief Financial Officer of each of the Domino’s Parties, or other officers reasonably satisfactory to each Initial Purchaser, as to such matters as such Initial
Purchaser may reasonably request, including, without limitation a statement: 
 (i) that the representations and warranties
of the Domino’s Parties in Section 2 are true and correct on and as of the Closing Date, and (x) the Domino’s Parties have complied in all material respects with all its agreements contained herein and in any other Related
Document to which it is a party and satisfied all the conditions on its part to be performed or satisfied hereunder or any other Related Document to which it is a party at or prior to the Closing Date and (y) the Guarantors acknowledge that the
Offered Notes are covered by the obligations of the Guarantee and Collateral Agreement; 

  
 30 

 (ii)     that subsequent to the date as of which information
is given in the Pricing Disclosure Package, there has not been any development in the business, condition (financial or otherwise), results of operations, stockholders’ equity, properties, management, businesses or prospects of any of the
Domino’s Parties, as applicable, except as set forth or contemplated in the Pricing Disclosure Package or the Final Offering Memorandum or as described in such certificate that could reasonably be expected to result in a Material Adverse Effect

 (iii)     that they have carefully examined the Pricing Disclosure Package and the Final Offering
Memorandum, and, in their opinion, (A) the Pricing Disclosure Package, as of the Applicable Time, and the Final Offering Memorandum, as of its date and as of the Closing Date, did not and do not contain an untrue statement of a material fact or
omit to state a material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading and (B) since the date of the Pricing Disclosure Package and the Final Offering Memorandum, no
event has occurred which should have been set forth in a supplement or amendment to the Pricing Disclosure Package and the Final Offering Memorandum; and 

(iv)     that (i) none of the Domino’s Parties shall have sustained, since the date of the latest
audited financial statements included or incorporated by reference in the Pricing Disclosure Package and the Final Offering Memorandum, any material loss or interference with their business or properties from fire, explosion, flood or other
calamity, whether or not covered by insurance, or from any labor disturbance or dispute or any legal, court or governmental action, order or decree, other than as set forth in the Pricing Disclosure Package and the Final Offering Memorandum
(exclusive of any supplement thereto); (ii) subsequent to the dates as of which information is given in Pricing Disclosure Package and the Final Offering Memorandum (exclusive of any supplement thereto), there shall not have been any change in the
capital stock or limited liability company interests, as applicable, or long-term or short-term debt of any Domino’s Party or any of their respective subsidiaries or any change or any development involving a change, whether or not arising from
transactions in the ordinary course of business, in the business, general affairs, management, condition (financial or otherwise), results of operations, stockholders’ equity or limited liability company interests, as applicable, properties,
management, business or prospects of the Domino’s Parties or any of their respective subsidiaries, individually or taken as a whole, the effect of which, in any such case described above, is, in the judgment of each Initial Purchaser, so
material and adverse as to make it impracticable or inadvisable to proceed with offering, sale or delivery of the Offered Notes on the terms and in the manner contemplated in the Pricing Disclosure Package and the Final Offering Memorandum,
(iii) no downgrading has occurred in the rating accorded Domino’s or the Manager’s debt securities by any “nationally recognized statistical rating organization,” as that term is defined in Section 3(a)(62) of the 1934
Act, or (iv) any such organization has publicly announced that it has under surveillance or review, with possible negative implications, its rating of any Domino’s Party debt securities. 

(t)     Subsequent to the Applicable Time there shall not have occurred any of the following: (i) downgrading of the
rating accorded Domino’s or the Manager’s debt securities by any “nationally recognized statistical rating organization,” as the term is defined in Section 

  
 31 

 
3(a)(62) of the 1934 Act or (ii) any such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any debt
securities of Domino’s or the Manager. The Initial Purchasers shall have received a letter from S&P stating that the Offered Notes have received a rating of not less than “BBB+”. 

(u)    The Offered Notes shall be eligible for clearance and settlement in the United States through DTC and in Europe
through Euroclear Bank, S.A./N.V., or Clearstream Banking, société anonyme. 
 (v)    The Series
2017-1 Supplement and the Management Agreement Springing Amendment (as defined in Section 9 of this Agreement) shall each have been duly executed and delivered by the Co-Issuers and the Trustee, in a form satisfactory to each Initial Purchaser,
and the Offered Notes shall have been duly executed and delivered by the Co-Issuers and duly authenticated by the Trustee. Each of the Series 2017-1 Supplement and the Offered Notes shall have been consummated in accordance with the terms set forth
in the Pricing Disclosure Package, the Preliminary Offering Memorandum and the Final Offering Memorandum. 
 (w)     The
Initial Purchasers shall have received true and executed copies of each of the documents specified in clauses (s), (v), (z) and (ee). 

(x)    Subsequent to the Applicable Time there shall not have occurred any of the following: (i) any domestic or
international event or act or occurrence has materially disrupted, or in the opinion of each Initial Purchaser will in the immediate future materially disrupt, the market for the securities of any Domino’s Party or securities in general; or
(ii) trading on the NYSE or NASDAQ shall have been suspended or been made subject to material limitations, or minimum or maximum prices for trading shall have been fixed, or maximum ranges for prices for securities shall have been required on
the NYSE or NASDAQ or by order of the Commission or any other governmental authority having jurisdiction; or (iii) a banking moratorium has been declared by any state or federal authority or any material disruption in commercial banking or
securities settlement or clearance services shall have occurred; or (iv) (A) there shall have occurred any outbreak or escalation of hostilities or acts of terrorism involving the United States or there is a declaration of a national emergency
or war by the United States or (B) there shall have been any other calamity or crisis or any change in political, financial or economic conditions if the effect of any such event in (A) or (B), in the judgment of each Initial Purchaser,
makes it impracticable or inadvisable to proceed with the offering, sale and delivery of the Offered Notes, on the terms and in the manner contemplated by the Final Offering Memorandum or that, in the judgment of the Initial Purchasers, could
materially and adversely affect the financial markets or the markets for the Offered Notes and other debt securities. 

(y)    There shall exist at and as of the Closing Date no condition that would constitute an “Event of Default”
(or an event that with notice or the lapse of time, or both, would constitute an “Event of Default”) under, and as defined in, the Indenture or a material breach under any of the other Related Documents as in effect at the Closing Date (or
an event that with notice or lapse of time, or both, would constitute such a default or material breach). On the Closing Date, each of the Related Documents shall be in full force and effect, shall conform in all material respects to the description
thereof contained in the Pricing Disclosure Package and the Final Offering Memorandum and shall not have been modified. 

  
 32 

 (z)     Each Parent Company, the Manager, each Guarantor and each Co-Issuer
shall have furnished to the Initial Purchasers a certificate, in form and substance reasonably satisfactory to each Initial Purchaser, dated as of the Closing Date, of the Chief Financial Officer (or, if such entity has no Chief Financial Officer,
of another Authorized Officer) of such entity that such entity will be Solvent immediately after the consummation of the transactions contemplated by this Agreement. 

(aa)     None of (i) the issuance and sale of the Offered Notes pursuant to this Agreement, (ii) the
transactions contemplated by the Related Documents or (iii) the use of the Pricing Disclosure Package or the Final Offering Memorandum shall be subject to an injunction (temporary or permanent) and no restraining order or other injunctive order
shall have been issued; and there shall not have been any legal action, order, decree or other administrative proceeding instituted or (to the knowledge of Domino’s Parties) overtly threatened against the Domino’s Parties or the Initial
Purchasers that would reasonably be expected to adversely impact the issuance of the Offered Notes or the Initial Purchasers’ activities in connection therewith or any other transactions contemplated by the Related Documents or the Pricing
Disclosure Package. 
 (bb)     The Initial Purchasers shall have received evidence satisfactory to each Initial
Purchaser and its counsel that all UCC-1 financing statements and assignments and other instruments required to be filed on or prior to the Initial Closing Date or the Closing Date pursuant to the Related Documents have been filed. 

(cc)     The Initial Purchasers shall have received evidence satisfactory to each Initial Purchaser and its counsel that
all conditions precedent to the issuance of the Offered Notes that are contained in the Indenture have been satisfied, including confirmation that the Rating Agency Condition with respect to the Offered Notes has been satisfied. 

(dd)     The representations and warranties of each of the Domino’s Parties (to the extent a party thereto) contained
in the Related Documents to which each of the Domino’s Parties is a party will be true and correct as of the Closing Date (i) if qualified as to materiality, in all respects and (ii) if not so qualified, in all material respects as of
the Closing Date (unless stated to relate solely to an earlier date, in which case such representations and warranties shall be true and correct (x) if qualified as to materiality in all respects and (y) if not so qualified, in all
material respects, as of such earlier date. 
 (ee)     On or prior to the Closing Date, the Co-Issuers shall have
furnished to the Initial Purchasers and the Trustee an executed notice of prepayment of the Series 2012-1 Class A-2 Notes, with directions to release such notice upon the issuance of the Offered Notes. 

(ff)     On or prior to the Closing Date, the Parent Companies, the Manager, the Guarantors and the Co-Issuers shall have
furnished to the Initial Purchasers such further certificates and documents as either Initial Purchaser may reasonably request. 
 All
opinions, letters, evidence and certificates mentioned above or elsewhere in this Agreement shall be deemed to be in compliance with the provisions hereof only if they are in form and substance reasonably satisfactory to counsel for the Initial
Purchasers. 

  
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 8.    Indemnification and Contribution. 

(a)     Each of the Domino’s Parties shall, jointly and severally, indemnify and hold harmless each Initial Purchaser,
its affiliates, directors, officers, employees and each person, if any, who controls any Initial Purchaser within the meaning of Section 15 of the 1933 Act or Section 20 of the 1934 Act (each, an “Initial Purchaser Indemnified
Party”), against any and all losses, liabilities, claims, damages and expenses whatsoever as incurred (including but not limited to reasonable third party out-of-pocket attorneys’ fees and any and all reasonable out-of-pocket
expenses whatsoever incurred in investigating, preparing or defending against any litigation, commenced or threatened, or any claim whatsoever, and any and all amounts paid in settlement of any claim or litigation), joint or several, to which they
or any of them may become subject under the 1933 Act, the 1934 Act or otherwise, insofar as such losses, liabilities, claims, damages or expenses (or actions in respect thereof) arise out of or are based upon (i) any untrue statement or alleged
untrue statement of a material fact contained (A) in the Preliminary Offering Memorandum, the Pricing Disclosure Package or the Final Offering Memorandum or in any amendment or supplement thereto, (B) in any Blue Sky application or other
document prepared or executed by any of the Domino’s Parties (or based upon any written information furnished by any of the Domino’s Parties) specifically for the purpose of qualifying any or all of the Offered Notes under the securities
laws of any state or other jurisdiction (any such application, document or information being hereinafter called a “Blue Sky Application”) or (C) in any materials or information provided to investors by, or with the
approval of any of the Domino’s Parties in connection with the marketing of the offering of the Offered Notes, including any road show or investor presentations made to investors by any of the Domino’s Parties (whether in person or
electronically) and the documents and information listed on Schedule III hereto (all of the foregoing materials described in this clause (C), the “Marketing Materials”), (ii) the omission or alleged omission to state in the
Preliminary Offering Memorandum, the Pricing Disclosure Package or the Final Offering Memorandum, or in any amendment or supplement thereto, or in any Blue Sky Application or in any Marketing Materials, any material fact necessary in order to make
the statements therein, in the light of the circumstances under which they were made, not misleading, (iii) any act or failure to act or any alleged act or failure to act by any Initial Purchaser in connection with, or relating in any manner
to, the Offered Notes or the offering contemplated hereby, and that is included as part of or referred to in any loss, claim, damage, liability or action or expense arising out of or based upon matters covered by clause (i) or (ii) above, or
(iv) the violation of any securities laws (including without limitation the anti-fraud provision thereof) of any foreign jurisdiction in which the Offered Notes are offered; provided, however, that the Domino’s Parties will
not be liable in any such case to the extent but only to the extent that it is determined in a final and unappealable judgment by a court of competent jurisdiction that any such loss, liability, claim, damage or expense arises directly and primarily
out of or is based directly and primarily upon any such untrue statement or alleged untrue statement or omission or alleged omission made therein in reliance upon and in conformity with the Initial Purchaser Information. The parties agree that such
information provided by or on behalf of either Initial Purchaser consists solely of the Initial Purchaser Information. 
 Each of the
Domino’s Parties hereby agrees, jointly and severally, to indemnify and hold harmless each Initial Purchaser Indemnified Party, against any and all losses, liabilities, claims, damages and expenses whatsoever as incurred (including but not
limited to reasonable out-of-pocket attorneys’ fees and any and all reasonable out-of-pocket expenses whatsoever 

  
 34 

 
incurred in investigating, preparing or defending against any litigation, commenced or threatened, or any claim whatsoever, and any and all amounts paid in settlement of any claim or litigation),
joint or several, to which they or any of them may become subject, insofar as such loss, claim, damage, liability or action arises out of, or is based upon, any website maintained in compliance with Rule 17g-5 under the 1934 Act by or on behalf of
any Domino’s Party in connection with the marketing of the offering of the Offered Notes. 
 Except as otherwise provided in
Section 8(c), each of the Domino’s Parties agrees that it shall, jointly and severally, reimburse each Indemnified Party promptly upon demand for any reasonable out-of-pocket legal or other reasonable out-of-pocket expenses reasonably
incurred by that Initial Purchaser Indemnified Party in connection with investigating or defending or preparing to defend against any losses, liabilities, claims, damages or expenses for which indemnity is being provided pursuant to this
Section 8(a) as such expenses are incurred. 
 The foregoing indemnity agreement will be in addition to any liability which the
Domino’s Parties may otherwise have, including but not limited to other liability under this Agreement. 
 (b)    
Each Initial Purchaser, severally and not jointly, shall indemnify and hold harmless each Domino’s Party, each of the officers, directors and employees of each Domino’s Party, and each other person, if any, who controls such Domino’s
Party within the meaning of Section 15 of the 1933 Act or Section 20 of the 1934 Act (each a “Domino’s Indemnified Party”), against any losses, liabilities, claims, damages and expenses whatsoever as incurred
(including but not limited to attorneys’ fees and any and all expenses whatsoever incurred in investigating, preparing or defending against any litigation, commenced or threatened, or any claim whatsoever, and any and all amounts paid in
settlement of any claim or litigation), joint or several, to which they or any of them may become subject under the 1933 Act, the 1934 Act or otherwise, insofar as such losses, liabilities, claims, damages or expenses (or actions in respect thereof)
arise out of or are based upon (i) any untrue statement or alleged untrue statement of a material fact contained (A) in the Preliminary Offering Memorandum, the Pricing Disclosure Package or the Final Offering Memorandum or in any
amendment or supplement thereto, (B) in any Blue Sky Application or (C) in any Marketing Materials, or (ii) the omission or alleged omission to state in the Preliminary Offering Memorandum, the Pricing Disclosure Package or the Final
Offering Memorandum, or in any amendment or supplement thereto, in any Blue Sky Application or in any Marketing Materials any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were
made, not misleading, but in each case only to the extent that the untrue statement or alleged untrue statement or omission or alleged omission was made in reliance upon and in conformity with written information furnished to any of the
Domino’s Parties by or on behalf of any Initial Purchaser expressly for use in the Preliminary Offering Memorandum, the Pricing Disclosure Package, the Final Offering Memorandum, amendment or supplement thereto, Blue Sky Application or
Marketing Materials (as the case may be, which information is limited to the Initial Purchaser Information, provided, however, that in no case shall any Initial Purchaser be liable or responsible for any amount in excess of the
discount applicable to the Offered Notes to be purchased by such Initial Purchaser under this Agreement). 
 The foregoing indemnity
agreement will be in addition to any liability which the Initial Purchasers may otherwise have, including but not limited to other liability under this Agreement. 
  

  
 35 

 (c)     Promptly after receipt by an indemnified party under subsection
(a) or (b) above of notice of any claims or the commencement of any action, such indemnified party shall, if a claim in respect thereof is to be made against the indemnifying party under such subsection, notify each party against whom
indemnification is to be sought in writing of the claim or the commencement thereof (but the failure so to notify an indemnifying party shall not relieve the indemnifying party from any liability which it may have under this Section 8 to the
extent that it is not materially prejudiced due to the forfeiture of substantive rights or defenses as a result thereof or otherwise has notice of any such action, and in any event shall not relieve it from any liability that such indemnifying party
may have otherwise than on account of the indemnity agreement hereunder). In case any such claim or action is brought against any indemnified party, and it notifies an indemnifying party of the commencement thereof, the indemnifying party will be
entitled to participate, at its own expense in the defense of such action, and to the extent it may elect by written notice delivered to the indemnified party promptly after receiving the aforesaid notice from such indemnified party, to assume the
defense thereof with counsel reasonably satisfactory to such indemnified party; provided, however, that counsel to the indemnifying party shall not (except with the written consent of the indemnified party) also be counsel to the
indemnified party. Notwithstanding the foregoing, the indemnified party or parties shall have the right to employ its or their own counsel in any such case, but the reasonable out-of-pocket fees and expenses of such counsel shall be at the expense
of such indemnified party or parties unless (i) the employment of such counsel shall have been authorized in writing by one of the indemnifying parties in connection with the defense of such action, (ii) the indemnifying parties shall not
have employed counsel reasonably satisfactory to such indemnified party to have charge of the defense of such action within a reasonable time after notice of commencement of the action, (iii) such indemnified party or parties shall have
reasonably concluded, based on advice of counsel, that there may be legal defenses available to it or them which are different from or additional to those available to the indemnifying parties, or (iv) the named parties in any such proceeding
(including any impleaded parties) include both the indemnifying party and the indemnified party and representation of both sets of parties by the same counsel would present a conflict due to actual or potential differing interests between them, in
any of which events (i) through (iv) such fees and expenses shall be borne by the indemnifying parties (and the indemnifying parties shall not have the right to direct the defense of such action on behalf of the indemnified party or parties).
No indemnifying party shall, without the prior written consent of the indemnified parties, effect any settlement or compromise of, or consent to the entry of judgment with respect to, any pending or threatened claim, investigation, action or
proceeding in respect of which indemnity or contribution may be or could have been sought by an indemnified party under this Section 8 (whether or not the indemnified party is an actual or potential party thereto), unless such settlement,
compromise or judgment (i) includes an unconditional release of the indemnified party from all liability arising out of such claim, investigation, action or proceeding and (ii) does not include a statement as to or an admission of fault,
culpability or any failure to act, by or on behalf of the indemnified party. No indemnifying party shall be liable for any settlement or compromise of, or consent to the entry of judgment with respect to, any such action or claim effected without
its consent. 

  
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 (d)    In order to provide for contribution in circumstances in which the
indemnification provided for in Section 8(a) through (c) is for any reason held to be unavailable from any indemnifying party or is insufficient to hold harmless a party indemnified thereunder, the Domino’s Parties and the Initial
Purchasers shall contribute to the aggregate losses, claims, damages, liabilities and expenses of the nature contemplated by such indemnification provision (including any investigation, legal and other expenses incurred in connection with, and any
amount paid in settlement of, any action, suit or proceeding or any claims asserted), but after deducting in the case of losses, claims, damages, liabilities and expenses suffered by the Domino’s Parties, any contribution received by the
Domino’s Parties from persons, other than the Initial Purchasers, who may also be liable for contribution, including their directors, officers, employees and persons who control the Domino’s Parties within the meaning of Section 15 of
the 1933 Act or Section 20 of the 1934 Act as incurred to which the Domino’s Parties and one or more of the Initial Purchasers may be subject, in such proportions as is appropriate to reflect the relative benefits received by the
Domino’s Parties and the Initial Purchasers from the offering and sale of the Offered Notes under this Agreement or, if such allocation is not permitted by applicable law, in such proportions as are appropriate to reflect not only the relative
benefits referred to above but also the relative fault of the Domino’s Parties and the Initial Purchasers in connection with the statements or omissions which resulted in such losses, claims, damages, liabilities or expenses, as well as any
other relevant equitable considerations. The relative benefits received by the Domino’s Parties and the Initial Purchasers shall be deemed to be in the same proportion as the total proceeds from the offering and sale of the Offered Notes under
this Agreement (net of discounts and commissions but before deducting expenses) received by the Domino’s Parties or their affiliates under this Agreement, on the one hand, and the discounts or commissions received by the Initial Purchasers
under this Agreement, on the other hand, bear to the aggregate offering price to investors of the Offered Notes purchased under this Agreement, as set forth on the cover of the Final Offering Memorandum. The relative fault of each of the
Domino’s Parties (on the one hand) and of the Initial Purchasers (on the other hand) shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission
to state a material fact relates to information supplied by the Domino’s Parties or their affiliates or the Initial Purchasers and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such
statement or omission. The Domino’s Parties and the Initial Purchasers agree that it would not be just and equitable if contribution pursuant to this Section 8(d) were determined by pro rata allocation (even if the Initial Purchasers were
treated as one entity for such purpose) or by any other method of allocation which does not take account of the equitable considerations referred to above in this Section 8(d). The aggregate amount of losses, liabilities, claims, damages and
expenses incurred by an indemnified party and referred to above in this Section 8(d) shall be deemed to include any legal or other expenses reasonably incurred by such indemnified party in investigating, preparing or defending against any
litigation, or any investigation or proceeding by any judicial, regulatory or other legal or governmental agency or body, commenced or threatened, or any claim whatsoever based upon any such untrue or alleged untrue statement or omission or alleged
omission. Notwithstanding the provisions of this Section 8(d), (i) no Initial Purchaser shall be required to contribute any amount in excess of the amount that it has committed to purchase under this Agreement exceeds the amount of any damages
which such Initial Purchaser has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission, and (ii) no person guilty of fraudulent misrepresentation (within the meaning of
Section 11(f) of the 1933 Act) shall be entitled to 

  
 37 

 
contribution from any person who was not guilty of such fraudulent misrepresentation. For purposes of this Section 8(d), (A) each of the Initial Purchaser Indemnified Parties other than the
Initial Purchasers shall have the same rights to contribution as the Initial Purchasers, and (B) each director, officer or employee of the Domino’s Parties and each person, if any, who controls the Domino’s Parties within the meaning
of Section 15 of the 1933 Act or Section 20 of the 1934 Act shall have the same rights to contribution as the Domino’s Parties, subject in each case of (A) and (B) to clauses (i) and (ii) of the immediately preceding
sentence. Any party entitled to contribution will, promptly after receipt of notice of commencement of any action, suit or proceeding against such party in respect of which a claim for contribution may be made against another party or parties,
notify each party or parties from whom contribution may be sought, but the omission to so notify such party or parties shall not relieve the party or parties from whom contribution may be sought from any obligation it or they may have under this
Section 8(d) or otherwise. The obligations of the Initial Purchasers to contribute pursuant to this Section 8(d) are several in proportion to the respective aggregate principal amount of Offered Notes purchased by each of the Initial
Purchasers under this Agreement and not joint. The obligations of the Domino’s Parties to contribute pursuant to this Section 8(d) shall be joint and several. 

(e)     The Initial Purchasers severally confirm and the Domino’s Parties acknowledge and agree that (i) the
statements with respect to the offering of the Offered Notes by the Initial Purchasers set forth in the third to last paragraph (relating to overallotment, stabilization and similar activities) of the section entitled “Plan of
Distribution” in the Pricing Disclosure Package and the Final Offering Memorandum and (ii) the names of the Initial Purchasers set forth on the front and back cover page of the Preliminary Offering Memorandum and the Final Offering
Memorandum constitute the only information concerning such Initial Purchasers furnished in writing to the Domino’s Parties by or on behalf of the Initial Purchasers specifically for inclusion in the Preliminary Offering Memorandum, the Pricing
Disclosure Package and the Final Offering Memorandum or in any amendment or supplement thereto or in any Blue Sky Application (the “Initial Purchaser Information”). 

9.    Consent. The Initial Purchasers hereby agree, in their respective capacities as holders of the Offered Notes,
to the Amendment No. 2, to be dated as of the Closing Date, to the Amended and Restated Management Agreement, dated as of March 15, 2012, by and among the Co-Issuers, the Guarantors, DPL, Domino’s Pizza NS Co. and Citibank, N.A. as the
Trustee (such amendment, the “Management Agreement Springing Amendment”), pursuant to which the amendment set forth therein shall become effective upon the payment in full of the Outstanding Principal Amount of the Series
2015-1 Class A-2 Notes (as such term is defined in the Series 2015-1 Supplement, dated as of October 21, 2015, to the Base Indenture, entered into by and among the Co-Issuers and Citibank, N.A., as the Trustee and the securities intermediary
thereunder), and in their respective capacities as Noteholders hereby direct the Control Party, where such direction from the Noteholders is required, to consent to the Management Agreement Springing Amendment. 

10.    Termination.     Each Initial Purchaser shall have the right to terminate this Agreement
(with respect to such Initial Purchaser only) at any time prior to the Closing Date, if, at or after the Applicable Time: (i) any domestic or international event or act or occurrence has materially disrupted, or in the opinion of such Initial
Purchaser will in the immediate future materially disrupt, the market for the Co-Issuers’ securities or securities in general; or (ii) trading 

  
 38 

 
on the NYSE or NASDAQ shall have been suspended or been made subject to material limitations, or minimum or maximum prices for trading shall have been fixed, or maximum ranges for prices for
securities shall have been required, on the NYSE or NASDAQ or by order of the Commission or any other governmental authority having jurisdiction; or (iii) a banking moratorium has been declared by any state or federal authority or any material
disruption in commercial banking or securities settlement or clearance services shall have occurred; or (iv) (A) there shall have occurred any outbreak or escalation of hostilities or acts of terrorism involving the United States or there is a
declaration of a national emergency or war by the United States or (B) there shall have been any other calamity or crisis or any change in political, financial or economic conditions if the effect of any such event in (A) or (B), in the
judgment of such Initial Purchaser, makes it impracticable or inadvisable to proceed with the offering, sale and delivery of the Offered Notes, on the terms and in the manner contemplated by the Final Offering Memorandum; or (v) any of the
events described in Sections 7(r), 7(t) or 7(x) shall have occurred or the Initial Purchasers shall decline to purchase the Offered Notes for any reason permitted under this Agreement. Any notice of termination pursuant to this Section 10 shall
be in writing. 
 11.     Non-Assignability. None of the Domino’s Parties may assign its rights and
obligations under this Agreement. The Initial Purchasers may not assign their respective rights and obligations under this Agreement, except that each Initial Purchaser shall have the right to substitute any one of its affiliates as the purchaser of
the Offered Notes that it has agreed to purchase hereunder (“Substituting Initial Purchaser”), by a written notice to the Co-Issuers, which notice shall be signed by both the Substituting Initial Purchaser and such affiliate,
shall contain such affiliate’s agreement to be bound by this Agreement and shall contain a confirmation by such affiliate of the accuracy with respect to it of the representations set forth in Section 3. Upon receipt of such notice,
wherever the word “Initial Purchaser” is used in this Agreement (other than in this Section 11), such word shall be deemed to refer to such affiliate in lieu of the Substituting Initial Purchaser. 

12.     Reimbursement of Initial Purchasers’ Expenses. If (a) the Co-Issuers for any reason fail to
tender the Offered Notes for delivery to the Initial Purchasers, or (b) the Initial Purchasers decline to purchase the Offered Notes for any reason permitted under this Agreement, the Co-Issuers, the Parent Companies, the Manager and the
Guarantors shall jointly and severally reimburse the Initial Purchasers for all reasonable documented out-of-pocket expenses (including fees and disbursements of counsel for the Initial Purchasers) incurred by the Initial Purchasers in connection
with this Agreement and the proposed purchase of the Offered Notes, and upon demand shall pay the full amount thereof to the Initial Purchasers. 

13.     Notices, etc. All statements, requests, notices and agreements hereunder shall be in writing, and: 

(a)     if to the Initial Purchasers, shall be delivered or sent by hand delivery, mail, overnight courier or e-mail to
(i) Guggenheim Securities, LLC, 330 Madison Avenue, New York, New York 10017, Attention: Structured Products Capital Markets (e-mail: Cory.Wishengrad@guggenheimpartners.com; Marina.Pristupova@guggenheimpartners.com), with a copy to the General
Counsel (e-mail: alex.sheers@guggenheim.com) and with a copy to White & Case LLP, 1221 Avenue of the Americas, New York, New York 10020, Attention: David Thatch (e-mail: dthatch@whitecase.com); and (ii) Barclays Capital Inc., 745
Seventh 

  
 39 

 
Avenue, New York, New York, 10019, Attention: SPO Syndicate (e-mail: ABSSyndicateTeam@barclays.com), with a copy to the General Counsel (e-mail: Steven.Glynn@barclays.com) and with a copy to
White & Case LLP, 1221 Avenue of the Americas, New York, New York 10020, Attention: David Thatch (e-mail: dthatch@whitecase.com); and 

(b)     if to any of the Co-Issuers or the Guarantors, shall be delivered or sent by hand delivery, mail, overnight
courier, with a copy by e-mail, to Domino’s Pizza, Inc., 24 Frank Lloyd Wright Drive, P.O. Box 485, Ann Arbor, MI 48106, Attention: Adam Gacek (e-mail: adam.gacek@dominos.com), with a copy to Skadden, Arps, Slate, Meagher & Flom LLP,
Four Times Square, New York, New York, 10036, Attention: David H. Midvidy, Esq. (e-mail: david.midvidy@skadden.com); and 

(c)     if to any of the Parent Companies, or the Manager, shall be delivered or sent by hand delivery, mail, overnight
courier, with a copy by e-mail, to Domino’s Pizza, Inc., 24 Frank Lloyd Wright Drive, P.O. Box 485, Ann Arbor, MI 48106, Attention: Adam Gacek (e- mail: adam.gacek@dominos.com), with a copy to Skadden, Arps, Slate, Meagher & Flom
LLP, Four Times Square, New York, New York, 10036, Attention: David H. Midvidy, Esq. (e-mail: david.midvidy@skadden.com). 
 Any such statements, requests,
notices or agreements shall take effect at the time of receipt thereof. 
 14.    Persons Entitled to Benefit of
Agreement. This Agreement shall inure to the benefit of and be binding upon the Initial Purchasers, the Domino’s Parties and their respective successors. This Agreement and the terms and provisions hereof are for the sole benefit of only
those persons, except that the representations, warranties, indemnities and agreements of Domino’s Parties contained in this Agreement shall also be deemed to be for the benefit of the Initial Purchaser Indemnified Parties and, in the case of
Section 8(b) only, the Domino’s Indemnified Parties. Nothing in this Agreement is intended or shall be construed to give any person, other than the persons referred to in this Section 14, any legal or equitable right, remedy or claim
under or in respect of this Agreement or any provision contained herein. 
 15.     Survival. The respective
indemnities, rights of contribution, representations, warranties and agreements of any of the Domino’s Parties and the Initial Purchasers contained in this Agreement or made by or on behalf of them, respectively, pursuant to this Agreement,
shall survive the delivery of and payment for the Offered Notes and shall remain in full force and effect, regardless of any termination of this Agreement or any investigation made by or on behalf of any of them or any person controlling any of
them. 
 16.     Definition of the Terms “Business Day”, “Affiliate”, and
“Subsidiary”. For purposes of this Agreement, (a) “business day” means any day on which the New York Stock Exchange, Inc. is open for trading, and (b) “affiliate” and “subsidiary” have the meanings set
forth in Rule 405 under the 1933 Act. 

  
 40 

 17.    Governing Law.     This Agreement and
any claim, controversy or dispute arising under or related to this Agreement shall be governed by and construed in accordance with the laws of the State of New York. 

18.    Submission to Jurisdiction and Venue.     Each of the parties hereto
hereby irrevocably and unconditionally: 
 (a)     submits for itself and its property in any legal action or proceeding
relating to this Agreement or any of the transactions contemplated hereby, or for recognition and enforcement of any judgment in respect thereof, to the non-exclusive general jurisdiction of the courts of the State of New York, the courts of the
United States for the Southern District of New York, and appellate courts from any thereof; 
 (b)     consents that any
such action or proceeding may be brought in such courts and waives any objection that it may now or hereafter have to the venue of any such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court
and agrees not to plead or claim the same; 
 (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 any party hereto at its address set forth in Section 13 or at such other address of which such party
shall have been notified pursuant thereto; and 
 (d)     agrees that nothing herein shall affect the right to effect
service of process in any other manner permitted by law or shall limit the right to sue in any other jurisdiction; and 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 18 any special, exemplary, punitive or consequential damages. 
 Each of Domino’s Parties and each of the Initial
Purchasers agree that any suit, action or proceeding arising out of or based upon this Agreement or the transactions contemplated hereby may be instituted in any State or U.S. federal court in The City of New York and County of New York, and waives
any objection that such party may now or hereafter have to the laying of venue of any such proceeding, and irrevocably submits to the exclusive jurisdiction of such courts in any suit, action or proceeding. 

19.    Waiver of Jury Trial. The Co-Issuers, the Parent Companies, the Manager, the Guarantors and each of the
Initial Purchasers hereby irrevocably waive, to the fullest extent permitted by applicable law, any and all right to trial by jury in any legal proceeding arising out of or relating to this Agreement or the transactions contemplated hereby. 

20.    No Fiduciary Duty. The Domino’s Parties acknowledge and agree that (a) the purchase and sale of
the Offered Notes pursuant to this Agreement, including the determination of the offering price of the Offered Notes and any related discounts and commissions, is an arm’s-length commercial transaction between the Domino’s Parties, on the
one hand, and the several Initial Purchasers, on the other hand, (b) in connection with the offering, sale and the delivery of the Offered Notes and the process leading thereto, each Initial Purchaser and their respective representatives are
and have been acting solely as a principal and is not the agent or 

  
 41 

 
fiduciary of any Domino’s Party, any of its respective subsidiaries or its respective stockholders, creditors, employees or any other party, (c) neither Initial Purchaser nor any of
their respective representatives has assumed or will assume an advisory, agency or fiduciary responsibility in favor of any Domino’s Party with respect to the offering, sale and delivery of the Offered Notes or the process leading thereto
(irrespective of whether such Initial Purchaser or its representative has advised or is currently advising the Domino’s Parties or any of their respective subsidiaries on other matters) and neither Initial Purchaser or its respective
representative has any obligation to the Domino’s Parties with respect to the offering of the Offered Notes except the obligations expressly set forth in this Agreement, (d) the Initial Purchasers and their respective affiliates and
representatives may be engaged in a broad range of transactions that involve interests that differ from those of the Domino’s Parties, (e) any duties and obligations that the Initial Purchasers may have to the Domino’s Parties shall
be limited to those duties and obligations specifically stated herein, and (f) the Initial Purchasers have not provided any legal, accounting, regulatory or tax advice with respect to the offering of the Offered Notes and the Domino’s
Parties have consulted their own respective legal, accounting, regulatory and tax advisors to the extent they deemed appropriate. The Domino’s Parties hereby waive any claims that they each may have against the Initial Purchasers with respect
to any breach of fiduciary duty in connection with the Offered Notes. 
 21.     Counterparts. This Agreement may
be executed in one or more counterparts, including by facsimile and other means of electronic transmission, and, if executed in more than one counterpart, the executed counterparts shall each be deemed to be an original but all such counterparts
shall together constitute one and the same instrument. 
 22.    Headings. The headings herein are inserted for
convenience of reference only and are not intended to be part of, or to affect the meaning or interpretation of, this Agreement. 

23.    Severability. In case any provision of this Agreement shall be deemed invalid, illegal or unenforceable, the
validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

  
 42 

 Exhibit 10.1 

If the foregoing correctly sets forth the agreement among the Domino’s Parties and the Initial Purchasers, please indicate your
acceptance in the space provided for that purpose below. 
 Very truly yours, 

 

			
	DOMINO’S PIZZA MASTER ISSUER LLC
		
	By:	 	 /s/ Adam Gacek

	Name:	 	Adam Gacek
	Title:	 	Secretary
	
	DOMINO’S PIZZA DISTRIBUTION LLC
		
	By:	 	 /s/ Adam Gacek

	Name:	 	Adam Gacek
	Title:	 	Secretary
	
	DOMINO’S IP HOLDER LLC
		
	By:	 	 /s/ Adam Gacek

	Name:	 	Adam Gacek
	Title:	 	Secretary
	
	DOMINO’S SPV CANADIAN HOLDING COMPANY INC.
		
	By:	 	 /s/ Adam Gacek

	Name:	 	Adam Gacek
	Title:	 	Secretary

 [Signature Page to Purchase Agreement] 

 
			
	DOMINO’S SPV GUARANTOR LLC
		
	By:	 	 /s/ Adam Gacek

	Name:	 	Adam Gacek
	Title:	 	Secretary
	
	DOMINO’S PIZZA FRANCHISING LLC
		
	By:	 	 /s/ Adam Gacek

	Name:	 	Adam Gacek
	Title:	 	Secretary
	
	DOMINO’S PIZZA INTERNATIONAL FRANCHISING INC.
		
	By:	 	 /s/ Adam Gacek

	Name:	 	Adam Gacek
	Title:	 	Secretary
	
	DOMINO’S EQ LLC
		
	By:	 	 /s/ Adam Gacek

	Name:	 	Adam Gacek
	Title:	 	Secretary
	
	DOMINO’S PIZZA CANADIAN DISTRIBUTION ULC
		
	By:	 	 /s/ Adam Gacek

	Name:	 	Adam Gacek
	Title:	 	Secretary
	
	DOMINO’S RE LLC
		
	By:	 	 /s/ Adam Gacek

	Name:	 	Adam Gacek
	Title:	 	Secretary

 [Signature Page to Purchase Agreement] 

 
			
	DOMINO’S PIZZA LLC
		
	By:	 	 /s/ Adam Gacek

	Name:	 	Adam Gacek
	Title:	 	Secretary
	
	DOMINO’S PIZZA, INC.
		
	By:	 	 /s/ Adam Gacek

	Name:	 	Adam Gacek
	Title:	 	Secretary
	
	DOMINO’S, INC.
		
	By:	 	 /s/ Adam Gacek

	Name:	 	Adam Gacek
	Title:	 	Secretary

 [Signature Page to Purchase Agreement] 

			
	Accepted:
	
	 GUGGENHEIM SECURITIES, LLC,
 as an
Initial Purchaser

		
	By	 	 /s/ Cory Wishengrad

	Name:	 	Cory Wishengrad
	Title:	 	Senior Managing Director

 [Signature Page to Purchase Agreement] 

			
	 BARCLAYS CAPITAL INC.,
 as an
Initial Purchaser

		
	By	 	 /s/ Benjamin Fernandez

	Name:	 	Benjamin Fernandez
	Title:	 	Managing Director

 [Signature Page to Purchase Agreement] 

 SCHEDULE I 
  

					
	 	  	Principal	 
	 	  	Amount of	 
	 	  	Series 2017-1 Class	 
	 	  	A-2-I(FL) Notes	 
	 	  	to be	 
	 Initial Purchasers
	  	Purchased	 
	 Guggenheim Securities, LLC
	  	$	180,000,000	 
	 Barclays Capital Inc.
	  	 	120,000,000	 
	 Total
	  	$	300,000,000	 
		
	 	  	Principal	 
	 	  	Amount of	 
	 	  	Series 2017-1 Class	 
	 	  	A-2-II(FX) Notes	 
	 	  	to be	 
	 Initial Purchasers
	  	Purchased	 
	 Guggenheim Securities, LLC
	  	$	360,000,000	 
	 Barclays Capital Inc.
	  	 	240,000,000	 
	 Total
	  	$	600,000,000	 
		
	 	  	Principal	 
	 	  	Amount of	 
	 	  	Series 2017-1 Class	 
	 	  	A-2-III(FX) Notes	 
	 	  	to be	 
	 Initial Purchasers
	  	Purchased	 
	 Guggenheim Securities, LLC
	  	$	600,000,000	 
	 Barclays Capital Inc.
	  	 	400,000,000	 
	 Total
	  	$	1,000,000,000	 

 SCHEDULE II 

PRICING TERM SHEET 

DOMINO’S PIZZA MASTER ISSUER LLC 

DOMINO’S PIZZA DISTRIBUTION LLC 

DOMINO’S IP HOLDER LLC 

DOMINO’S SPV CANADIAN HOLDING COMPANY INC. 

Pricing Supplement dated June 12, 2017 

to the Preliminary Offering Memorandum dated May 31, 2017 

$300,000,000 SERIES 2017-1 FLOATING RATE SENIOR SECURED
NOTES, CLASS A-2-I(FL) 
 $600,000,000 SERIES 2017-1 3.082% FIXED
RATE SENIOR SECURED NOTES, CLASS A-2-II(FX) 

$1,000,000,000 SERIES 2017-1 4.118% FIXED RATE SENIOR SECURED
NOTES, CLASS A-2-III(FX) 
  
  

 

							
	 Gross Proceeds to the Co-Issuers:
	  				 	
			
	
Class A-2-I(FL)
	  	 	$300,000,000	 	 	
			
	
Class 
A-2-II(FX)
	  	 	$600,000,000	 	 	
			
	
Class 
A-2-III(FX)
	  	 	$1,000,000,000	 	 	
			
	 Price to Investors:
	  				 	
			
	
Class A-2-I(FL)
	  	 	100.0%	 	 	
			
	
Class 
A-2-II(FX)
	  	 	100.0%	 	 	
			
	
Class 
A-2-III(FX)
	  	 	100.0%	 	 	
			
	 Interest/Coupon Rate:
	  				 	
		
	
Class A-2-I(FL)
	  	 	Three-month LIBOR + 1.250% per annum
		
	
Class 
A-2-II(FX)
	  	 	3.082% per annum
		
	
Class 
A-2-III(FX)
	  	 	4.118% per annum
		
	 Ratings (S&P):
	  	 	“BBB+”
		
	 Trade Date:
	  	 	June 12, 2017
		
	 Closing Date:
	  	 	July 24, 2017 (T+28)
		
	 Initial Purchasers
	  	 	Guggenheim Securities, LLC and Barclays Capital Inc.

			
	Anticipated Repayment Date:	 	
		
	 Class A-2-I(FL) and Class A-2-II (FX)
	 	Quarterly Payment Date occurring in July 2022
		
	 Class A-2-III(FX)
	 	Quarterly Payment Date occurring in July 2027
		
	Series 2017-1 Legal Final Maturity Date:	 	Quarterly Payment Date occurring in July 2047
		
	First Quarterly Payment Date:	 	October 25, 2017
		
	Quarterly Collection Period:	 	Each period of 12 or 16 (or 17) weeks corresponding to the three 12-week and one 16-week (or 17-week) quarters used by the Securitization Entities in connection with their 52 or 53 week fiscal year.
		
	Interest Period	 	For purposes of the first Quarterly Payment Date, the Interest Period for the Offered Notes will be the period from and including the Closing Date to but excluding October 25, 2017, which, for the avoidance of doubt, will be
(i) with respect to the Series 2017-1 Class A-2-II(FX) Notes and Series 2017-1 Class A-2- III(FX) Notes (together,
the “Fixed Rate Notes”), 91 days as calculated on a “30/360” basis, and (ii) with respect to the Series 2017-1 Class A-2-I(FL) Notes, 93 days as calculated on an “actual/360” basis.
		
	Series 2017-1 Quarterly Post-ARD Contingent Interest:	 	For the Fixed Rate Notes, a per annum rate equal to the rate determined by the Servicer to be the greater of (i) 5.00% per annum and (ii) a per annum rate equal to the amount, if any, by which (a) the sum of the yield to
maturity (adjusted to a quarterly bond-equivalent basis) on the Series 2017-1 Anticipated Repayment Date of the United States Treasury Security having a term closest to 10 years, plus 5.00%, plus (x) with respect to the Series 2017-1 Class A-2-II(FX) Notes, 1.25% and (y) with respect to the Series 2017-1 Class A-2-III(FX) Notes, 2.00% exceeds (b) the Series 2017-1 Class A-2
Note Rate with respect to such Tranche. For the Series 2017-1 Class A-2-I(FL) Notes, a per annum rate equal to 5.00%.
		
	Capitalization of Holdco	 	The section titled “CAPITALIZATION OF HOLDCO” on page 67 of the Preliminary Offering Memorandum is hereby replaced in its entirety by Exhibit A to this Pricing Supplement.
		
	Capitalization of the Master Issuer	 	The section titled “CAPITALIZATION OF THE MASTER ISSUER” on page 68 of the Preliminary Offering Memorandum is hereby replaced in its entirety by Exhibit B to this Pricing Supplement.

			
	Rule 144A CUSIP/ISIN Numbers:	 	
		
	 Class A-2-I(FL)
	 	25755TAF7 / US25755TAF75
		
	 Class A-2-II(FX)
	 	25755TAG5 / US25755TAG58
		
	 Class A-2-III(FX)
	 	25755TAH3 / US25755TAH32
	
	Reg S CUSIP/ISIN Numbers
		
	 Class A-2-I(FL)
	 	U2583EAF4 / USU2583EAF44
		
	 Class A-2-II(FX)
	 	U2583EAG2 / USU2583EAG27
		
	 Class A-2-III(FX)
	 	U2583EAH0 / USU2583EAH00
		
	Distribution:	 	Rule 144A and Reg S Compliant

 This Pricing Supplement (this “Pricing Supplement”) is qualified in its entirety by reference
to the Preliminary Offering Memorandum, dated May 31, 2017, of Domino’s Pizza Master Issuer LLC, Domino’s Pizza Distribution LLC, Domino’s IP Holder LLC and Domino’s SPV Canadian Holding Company Inc. (the “Preliminary
Offering Memorandum”). The information in this Pricing Supplement supersedes the information in the Preliminary Offering Memorandum to the extent inconsistent with the information in the Preliminary Offering Memorandum. Capitalized terms
used herein and not defined herein have the meanings assigned in the Preliminary Offering Memorandum. 
 THE OFFERED NOTES ARE SOLELY THE JOINT AND SEVERAL
OBLIGATIONS OF THE CO-ISSUERS (GUARANTEED BY THE GUARANTORS). THE OFFERED NOTES DO NOT REPRESENT OBLIGATIONS OF THE MANAGER OR ANY OF ITS AFFILIATES (OTHER THAN THE CO-ISSUERS AND THE GUARANTORS), OFFICERS, DIRECTORS, SHAREHOLDERS, MEMBERS,
PARTNERS, EMPLOYEES, REPRESENTATIVES OR AGENTS. THE OFFERED NOTES ARE NOT INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY. THE OFFERED NOTES REPRESENT NON-RECOURSE OBLIGATIONS OF THE CO-ISSUERS (GUARANTEED BY
THE GUARANTORS) AND ARE PAYABLE SOLELY FROM THE COLLATERAL, AND PROSPECTIVE INVESTORS SHOULD MAKE AN INVESTMENT DECISION BASED UPON AN ANALYSIS OF THE SUFFICIENCY OF THE COLLATERAL. 

THE ISSUANCE AND SALE OF THE OFFERED NOTES HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “1933 ACT”),
OR ANY STATE SECURITIES LAWS, AND NO SERIES 2017-1 CLASS A-2 NOTEHOLDER WILL HAVE THE RIGHT TO REQUIRE SUCH REGISTRATION. THE OFFERED NOTES MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS (AS DEFINED IN RULE 902 UNDER THE 1933
ACT) UNLESS THE OFFERED NOTES ARE REGISTERED UNDER THE 1933 ACT OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS IS AVAILABLE. THE OFFERED NOTES ARE BEING SOLD ONLY TO (I) PERSONS THAT ARE NOT COMPETITORS AND THAT ARE “QUALIFIED
INSTITUTIONAL BUYERS” UNDER RULE 144A UNDER THE 1933 ACT, (II) PERSONS THAT ARE NOT COMPETITORS AND THAT ARE NOT “U.S. PERSONS” IN OFFSHORE TRANSACTIONS IN RELIANCE ON REGULATION S UNDER THE 1933 ACT OR (III) THE MASTER
ISSUER OR AN AFFILIATE OF THE MASTER ISSUER. BECAUSE THE OFFERED NOTES ARE NOT REGISTERED, THEY ARE SUBJECT TO CERTAIN RESTRICTIONS ON RESALE DESCRIBED UNDER “TRANSFER RESTRICTIONS” IN THE PRELIMINARY OFFERING MEMORANDUM. 

 EXHIBIT A 

CAPITALIZATION OF HOLDCO 

Substantially all of the revenue-generating assets of Domino’s (other than the Company-Owned Stores) are held by the Securitization
Entities. DPL serves as the Manager operating the System on behalf of the Securitization Entities. The capitalization of Holdco is presented on a consolidated basis. Only assets that are part of the Collateral will be available to the Co-Issuers to
pay interest on and principal of the Offered Notes. Neither Holdco nor any subsidiary of Holdco, other than the Securitization Entities, will guarantee or in any way be liable for the obligations of the Co-Issuers under the Indenture or
the Offered Notes, or any other obligation of the Co-Issuers in connection with the Series 2017-1 Senior Notes. 
 The following
table sets forth the cash and cash equivalents and capitalization of Holdco as of March 26, 2017 (i) on an actual basis and (ii) on an as-adjusted basis to give effect to the transactions contemplated to occur on or prior to the Closing Date in
connection with the issuance of the Series 2017-1 Senior Notes on the Closing Date, including the repayment in full of the Series 2012-1 Senior Notes, as if such transactions occurred as of such date. This table should be read in conjunction with
“Use of Proceeds,” “Selected Historical Consolidated Financial Information and Other Data of Holdco” and Holdco’s historical consolidated financial statements and the related notes thereto incorporated by
reference into this Offering Memorandum. 
  

									
	 	  	As of March 26, 2017	 
	(dollars in thousands)	  	Actual	 	  	As-Adjusted	 
	 	  	(Unaudited)	 
	 Cash and cash equivalents
	  	$	52,094	 	  	$	1,041,842	 
			
	 Debt and capital lease obligations:
	  				  			
	 Series 2015-1
Class A-1 Notes(1) 
	  	 	—  	 	  	 	—  	 
	 Series 2017-1
Class A-1 Notes(2) 
	  	 	—  	 	  	 	—  	 
			
	 Series 2012-1
Class A-2 Notes(3) 
	  	$	910,252	 	  	$	—  	 
	 Series 2015-1 Class A-2-I Notes(4) 
	  	 	493,750	 	  	 	493,750	 
	 Series 2015-1 Class A-2-II Notes(4) 
	  	 	790,000	 	  	 	790,000	 
	 Offered Notes
	  	 	—  	 	  	 	1,900,000	 
			
	 Capital lease obligations
	  	 	5,659	 	  	 	5,659	 
		  	  
	  
	 	  	  
	  
	 
	 Total debt and capital lease obligations(5)

	  	$	2,199,661	 	  	$	3,189,409	 

  

	(1)	Represents amounts outstanding with respect to the Series 2015-1 Class A-1 Notes, which are variable funding notes that were issued by the Co-Issuers on October 21, 2015. The Series 2015-1 Class A-1 Notes have
a maximum outstanding principal amount of $125 million and a final legal maturity of October 2045. Notwithstanding the refinancing transaction, the Series 2015-1 Class A-1 Notes have an expected
repayment date of October 2020, with an option for up to two one-year renewals (subject to certain conditions, including a minimum debt service coverage ratio). All amounts outstanding under the Series 2015-1 Class A-1 Notes will be repaid and the Series 2015-1 Class A-1 Notes will be cancelled on July 24, 2017. See “Use of Proceeds” herein. 

	(2)	Represents the Series 2017-1 Class A-1 Notes, which are variable funding notes that will be issued on the Closing Date. The Series 2017-1 Class A-1 Notes have an initial maximum outstanding principal amount of
$175 million. The Master Issuer does not anticipate drawing on the Series 2017-1 Class A-1 Notes on the Closing Date. The Master Issuer expects to have approximately $45.7 million in undrawn letters of credit issued under the Series
2017-1 Class A-1 Notes on or about the Closing Date. See “Use of Proceeds” herein. 

	(3)	The Series 2012-1 Class A-2 Notes were issued by the Co-Issuers on March 15, 2012 and have a final legal maturity of January 2042. Notwithstanding the refinancing transaction, the Series 2012-1 Class A-2 Notes
have an expected repayment date of January 2019. All amounts outstanding under the Series 2012-1 Class A-2 Notes will be repaid (consisting of approximately $910.3 million in aggregate principal amount of Series 2012-1 Class A-2
Notes). See “Use of Proceeds” herein. 

	(4)	The Series 2015-1 Class A-2 Notes were issued by the Co-Issuers on October 21, 2015 and have a final legal maturity of October 2045. The Series 2015-1 Class A-2-I Notes have an expected repayment date of
October 2020, and the Series 2015-1 Class A-2-II Notes have an expected repayment date of October 2025. 

	(5)	Represents gross debt and capital lease obligation amounts and is not inclusive of debt issuance costs. 

 EXHIBIT B 

CAPITALIZATION OF THE MASTER ISSUER 

Substantially all of the revenue-generating assets of Domino’s (other than the Company-Owned Stores) are held by the Securitization
Entities. DPL serves as the Manager operating the System on behalf of the Securitization Entities. The capitalization of the Master Issuer is presented on a consolidated basis. Only assets that are part of the Collateral will be available to the
Co-Issuers to pay interest on and principal of the Offered Notes. 
 The following table sets forth the cash and cash equivalents and
capitalization of the Master Issuer as of March 26, 2017 (i) on an actual basis and (ii) on an as-adjusted basis to give effect to the refinancing transaction, including the repayment in full of the Series 2015-1 Senior Notes, as if such
transactions occurred as of such date. 
  

									
	 	  	As of March 26, 2017	 
	(dollars in thousands)	  	Actual	 	  	As Adjusted	 
	 	  	(Unaudited)	 
	 Cash and cash equivalents
	  	$	—  	 	  	$	—  	 
			
	 Debt:
	  				  			
	 Series 2015-1
Class A-1 Notes(1) 
	  	 	—  	 	  	 	—  	 
	 Series 2017-1
Class A-1 Notes(2) 
	  	 	—  	 	  	 	—  	 
			
	 Series 2012-1
Class A-2 Notes(3) 
	  	$	910,252	 	  	$	—  	 
	 Series 2015-1 Class A-2-I Notes(4) 
	  	 	493,750	 	  	 	493,750	 
	 Series 2015-1 Class A-2-II Notes(4) 
	  	 	790,000	 	  	 	790,000	 
	 Offered Notes
	  	 	—  	 	  	 	1,900,000	 
			
	 Capital lease obligations
	  	 	5,104	 	  	 	5,104	 
		  	  
	  
	 	  	  
	  
	 
	 Total debt and capital lease obligations(5)

	  	$	2,199,106	 	  	$	3,188,854	 

  

	(1)	Represents amounts outstanding with respect to the Series 2015-1 Class A-1 Notes, which are variable funding notes that were issued by the Co-Issuers on October 21, 2015. The Series 2015-1 Class A-1 Notes have
a maximum outstanding principal amount of $125 million and a final legal maturity of October 2045. Notwithstanding the refinancing transaction, the Series 2015-1 Class A-1 Notes have an expected
repayment date of October 2020, with an option for up to two one-year renewals (subject to certain conditions, including a minimum debt service coverage ratio). All amounts outstanding under the Series 2015-1 Class A-1 Notes will be repaid and the Series 2015-1 Class A-1 Notes will be cancelled on July 24, 2017. See “Use of Proceeds” herein. 

	(2)	Represents the Series 2017-1 Class A-1 Notes, which are variable funding notes that will be issued on the Closing Date. The Series 2017-1 Class A-1 Notes have an initial maximum outstanding principal amount of
$175 million. The Master Issuer does not anticipate drawing on the Series 2017-1 Class A-1 Notes on the Closing Date. The Master Issuer expects to have approximately $45.7 million in undrawn letters of credit issued under the Series
2017-1 Class A-1 Notes on or about the Closing Date. See “Use of Proceeds” herein. 

	(3)	The Series 2012-1 Class A-2 Notes were issued by the Co-Issuers on March 15, 2012 and have a final legal maturity of January 2042. Notwithstanding the refinancing transaction, the Series 2012-1 Class A-2 Notes
have an expected repayment date of January 2019. All amounts outstanding under the Series 2012-1 Class A-2 Notes will be repaid consisting of approximately $910.3 million in aggregate principal amount of Series 2012-1 Class A-2
Notes). See “Use of Proceeds” herein. 

	(4)	The Series 2015-1 Class A-2 Notes were issued by the Co-Issuers on October 21, 2015 and have a final legal maturity of October 2045. The Series 2015-1 Class A-2-I Notes have an expected repayment date of
October 2020, and the Series 2015-1 Class A-2-II Notes have an expected repayment date of October 2025. 

	(5)	Represents gross debt and capital lease obligation amounts and is not inclusive of debt issuance costs. 

 SCHEDULE III 
  

	A.	Additional Materials provided to Investors in connection with the Preliminary Offering Memorandum: 

  

	 	1.	Model runs and the inputs and outputs thereto and thereof provided to prospective investors with respect to the Preliminary Offering Memorandum (the final runs, the “Investor Model Runs”), which
Investor Model Runs have been subject to the procedures set forth in the Initial AUP Letter, based on the Excel files titled: 

0 - 2017-06-02 AIG DPABS Scenario - Zero Growth 

0 - 2017-06-02 Athene DPABS Scenario - Zero Growth 

0 - 2017-06-08 AIG DPABS Scenario - Zero Growth 

1 - 2017-06-02 Athene DPABS Scenario - Day 0 HC 100% CF Sweep No RAE 

1a - 2017-06-02 AIG DPABS Scenario - BE thru PRIN Haircut Day 1 

1a - 2017-06-08 AIG DPABS Scenario - BE thru PRIN Haircut Day 1 

1b - 2017-06-02 AIG DPABS Scenario - BE thru POST-ARD Haircut Day 1 

1b - 2017-06-08 AIG DPABS Scenario - BE thru POST-ARD Haircut Day 1 

2 - 2017-06-02 Athene DPABS Scenario - Day 0 HC BE thru PRIN 

2a - 2017-06-02 AIG DPABS Scenario - BE thru PRIN Haircut Year 6 

2a - 2017-06-08 AIG DPABS Scenario - BE thru PRIN Haircut Year 6 

2b - 2017-06-02 AIG DPABS Scenario - BE thru POST-ARD Haircut Year 6 

2b - 2017-06-08 AIG DPABS Scenario - BE thru POST-ARD Haircut Year 6 

3 - 2017-06-02 Athene DPABS Scenario - 7yr Annual BE thru PRIN AUV stress 

3a - 2017-06-02 AIG DPABS Scenario - BE thru PRIN Haircut Year 11 

3a - 2017-06-08 AIG DPABS Scenario - BE thru PRIN Haircut Year 11 

3b - 2017-06-02 AIG DPABS Scenario - BE thru POST-ARD Haircut Year 11 

3b - 2017-06-08 AIG DPABS Scenario - BE thru POST-ARD Haircut Year 11 

4 - 2017-06-02 AIG DPABS Scenario - Day 1 Haircut for 1.8x DSCR 

4 - 2017-06-02 Athene DPABS Scenario - 7yr Annual BE thru PRIN store stress 

 4 - 2017-06-08 AIG DPABS Scenario - Day 1 Haircut for 1.8x DSCR 

5 - 2017-06-02 AIG DPABS Scenario - Day 1 Haircut for 1.25x DSCR 

5 - 2017-06-02 Athene DPABS Scenario - 7yr Annual BE thru PRIN 

6 - 2017-06-02 AIG DPABS Scenario - Year 10 Haircut for 1.75x DSCR 

6 - 2017-06-02 Athene DPABS Scenario - 7yr Annual No Int Short store stress 

7 - 2017-06-02 AIG DPABS Scenario - Year 5 Haircut for 1.75x DSCR 

7 - 2017-06-02 Athene DPABS Scenario - 7yr Annual No Int Short AUV stress 

8 - 2017-06-02 AIG DPABS Scenario - Year 2 25% Haircut 

8 - 2017-06-02 Athene DPABS Scenario - 7yr Annual 100% CF Sweep No RAE store stress 

9 - 2017-06-02 AIG DPABS Scenario - Year 6 Haircut for 4.175bn sales 

9 - 2017-06-02 Athene DPABS Scenario - 7yr Annual 100% CF Sweep No RAE AUV stress 

10 - 2017-06-02 AIG DPABS Scenario - BE thru PRIN Annual thru Year 7 

10 - 2017-06-02 Athene DPABS Scenario - 7yr Annual 100% CF Sweep No RAE 

11 - 2017-06-02 AIG DPABS Scenario - BE thru PRIN Annual thru Maturity 

11 - 2017-06-02 Athene DPABS Scenario - Year 4-8 Annual BE thru PRIN 

12 - 2017-06-02 Athene DPABS Scenario - Year 4-8 Annual No Int Short 

13 - 2017-06-02 Athene DPABS Scenario - Year 4-8 Annual 100% CF Sweep No RAE 

2017.05.10 Rabobank DPZ Model Scenario A2 BE thru PRIN Annual 

2017.05.10 Rabobank DPZ Model Scenario A2 BE thru PRIN Haircut 

2017.05.10 Rabobank DPZ Model Scenario Zero Growth 

2017-05-31 Term ABS DPABS Scenario A2 BE thru POST-ARD Annual 

2017-05-31 Term ABS DPABS Scenario A2 BE thru POST-ARD Haircut 

2017-05-31 Term ABS DPABS Scenario A2 BE thru PRIN Annual 

2017-05-31 Term ABS DPABS Scenario A2 BE thru PRIN Haircut 

 2017-05-31 Term ABS DPABS Scenario Zero Growth 

2017-06-02 Athene DPABS Model Results Summary 

2017-06-02 Dominos Model Results Summary 

2017-06-07 Term ABS DPABS Scenario A2 BE thru POST-ARD Annual 

2017-06-07 Term ABS DPABS Scenario A2 BE thru POST-ARD Haircut 

2017-06-07 Term ABS DPABS Scenario A2 BE thru PRIN Annual 

2017-06-07 Term ABS DPABS Scenario A2 BE thru PRIN Haircut 

2017-06-07 Term ABS DPABS Scenario Zero Growth 

2017-06-08 Dominos Model Results Summary Including Upsize 

2.    Responses to questions from prospective investors: 

None. 
  

	B.	Investor Presentation 

 Exhibit 1 

Management Presentation, Series 2017-1 Senior Secured Notes (the “Investor Presentation”) 

 Exhibit 2-A 

Capitalized terms used within this Exhibit 2-A shall have the meanings set forth in the respective opinion letters in which they will be delivered. 

Skadden, Arps, Slate, Meagher & Flom LLP Opinions 

Skadden 2017 Corporate Opinion 
  

	1.	Based solely on our review of the 2017 Delaware Certificates, each Delaware Opinion Party is duly incorporated or formed, as applicable, and is validly existing and in good standing under the DGCL or the DLLCA, as
applicable. 

  

	2.	Each Delaware Opinion Party has the corporate or limited liability company, as applicable, power and authority to execute and deliver each of the Transaction Agreements to which such Delaware Opinion Party is a party
and to perform all its obligations thereunder, including, if such Delaware Opinion Party is a Co-Issuer, the issuance and sale of the Notes, under the DGCL or the DLLCA, as applicable, and each Delaware Member has the limited liability company power
and authority to execute, deliver and perform all of its obligations under each of the Delaware LLC Agreements to which such Delaware Member is a party under the DLLCA. 

 

	3.	Each of the Transaction Agreements to which a Delaware Opinion Party is a party has been duly authorized, executed and delivered by all requisite corporate or limited liability company, as applicable, action on the part
of such Delaware Opinion Party under the DGCL or the DLLCA, as applicable. 

  

	4.	(A) Each of the New York Transaction Agreements to which an Opinion Party is a party constitutes the valid and binding obligation of such Opinion Party, enforceable against such Opinion Party in accordance with its
terms under the laws of the State of New York. (B) Each of the Delaware Transaction Agreements to which an Opinion Party or DNAF is a party constitutes the valid and binding obligation of such Opinion Party or DNAF, enforceable against such
Opinion Party or DNAF in accordance with its terms under the laws of the State of Delaware. 

  

	5.	Each Delaware LLC Agreement of each Delaware LLC Opinion Party constitutes the valid and binding agreement of each Delaware Member party thereto, enforceable against such Delaware Member in accordance with its terms
under the laws of the State of Delaware. 

  

	6.	Neither the execution and delivery by each Delaware Opinion Party of the Transaction Agreements to which such Delaware Opinion Party is a party, nor the performance by such Delaware Opinion Party of its obligations
thereunder, including, if such Delaware Opinion Party is a Co-Issuer, the issuance and sale of the Notes, (i) conflicts with the Organizational Documents of such Delaware Opinion Party or (ii) violates any law, rule or regulation of the
State of New York or the United States of America or the DGCL or the DLLCA, as applicable. 

	7.	Neither the execution and delivery by each Opinion Party of the Transaction Agreements to which such Opinion Party is a party nor the enforceability of each of the Transaction Agreements to which such Opinion Party is a
party against such Opinion Party, requires the consent, approval, licensing or authorization of, or any filing, recording or registration with, any governmental authority under any law, rule or regulation of the State of New York or the United
States of America or the DGCL or the DLLCA, as applicable, except for those consents, approvals, licenses and authorizations already obtained and those filings, recordings and registrations already made. 

 

	8.	Each Opinion Party is not and, solely after giving effect to the offering and sale of the Notes and the application of the proceeds thereof as described in the Offering Memorandum, will not be an “investment
company” as such term is defined in Section 3(a)(1) of the Investment Company Act of 1940, as amended, and each Opinion Party is not a “covered fund” for purposes of regulations adopted under Section 13 of the Bank Holding
Company Act of 1956, as amended. 

  

	9.	All conditions precedent to the issuance of the Notes set forth in the Indenture have been satisfied and the Series 2017-1 Supplement is authorized or permitted pursuant to the terms and conditions of the Indenture.

  

	10.	The Notes have been duly authorized by all requisite limited liability company or corporate action, as applicable, on the part of the Co-Issuers and duly executed by the Co-Issuers under the DLLCA or DGCL, as
applicable, and when duly authenticated by the Trustee and issued and delivered by the Co-Issuers against payment therefor in accordance with the terms of the Series 2017-1 Note Purchase Agreements and the Indenture, the Notes will constitute valid
and binding obligations of the Co-Issuers, entitled to the benefits of the Indenture and enforceable against the Co-Issuers in accordance with their terms under the laws of the State of New York. 

 

	11.	Assuming (i) the accuracy of the representations and warranties of the Opinion Parties party thereto set forth in Section 2(a) through (g) of the Series 2017-1 Class A-2 Note Purchase Agreement and
of the Initial Purchasers in Sections 3(b), (d) and (e) of the Series 2017-1 Class A-2 Note Purchase Agreement, (ii) the due performance by such Opinion Parties of the covenants and agreements set forth in Section 5(e) through
(h), (n) through (p) and (s) of the Series 2017-1 Class A-2 Note Purchase Agreement and the due performance by the Initial Purchasers of the covenants and agreements set forth in Section 3(b), (d) and (e) of the Series 2015-1
Class A-2 Note Purchase Agreement, and (iii) the compliance by the Initial Purchasers with the offering and transfer procedures and restrictions described in the Offering Memorandum, the offer, sale and delivery of the Series 2017-1
Class A-2 Notes to the Initial Purchasers in the manner contemplated by the Offering Memorandum and the Series 2017-1 Class A-2 Purchase Agreement and the initial resale of the Series 2017-1 Class A-2 Notes by the Initial Purchasers
in the manner contemplated in the Offering Memorandum and the Series 2017-1 Class A-2 Purchase Agreement, do not require registration under the Securities Act of 1933, as amended, or qualification of the Indenture under the Trust Indenture Act
of 1939, as amended, it being understood that we do not express any opinion with respect to any subsequent reoffer or resale of any Series 2017-1 Class A-2 Notes. 

	12.	Assuming the accuracy of the representations and warranties of the Opinion Parties party thereto set forth in Section 6.01(c) through (e) and (g) of the Series 2017-1 Class A-1 Note Purchase Agreement and
of the Lender Parties (as such term is defined in the Series 2017-1 Class A-1 Note Purchase Agreement) in Section 6.03(a) through (h) of the Series 2017-1 Class A-1 Note Purchase Agreement, the offer, sale and delivery of the
Series 2017-1 Class A-1 Notes to the Lender Parties in the manner contemplated by the Series 2017-1 Class A-1 Purchase Agreement does not require registration under the Securities Act of 1933, as amended, or qualification of the Indenture
under the Trust Indenture Act of 1939, as amended, it being understood that we do not express any opinion with respect to any subsequent reoffer or resale of any Series 2017-1 Class A-1 Notes. 

 

	13.	The Notes and the Company Order conform to the requirements of the Base Indenture and the Series 2017-1 Supplement, and the Notes are permitted to be authenticated by the Trustee pursuant to the terms of the Base
Indenture and the Series 2017-1 Supplement. 

 Skadden 2017 Reliance Letter 

 

	14.	You are hereby authorized to rely on the 2012 Opinions and the 2015 Opinions in connection with the closing occurring today and the offering of the Notes, subject to the assumptions and qualifications set forth in the
respective 2012 Opinions and 2015 Opinions, as if you were an original addressee thereof, as of the date thereof. We have assumed and continue to assume no obligation to update or supplement the attached 2012 Opinions or 2015 Opinions to reflect any
facts or circumstances which have occurred since March 15, 2012, April 3, 2012, or October 21, 2015, as applicable, or may occur after the date hereof; provided, that we have furnished you with an opinion, dated the date hereof, with respect to
certain corporate matters of certain Transaction Parties relating to the 2017 Issuance. 

 2012 Corporate Opinion 

 

	 	a.	Based solely on our review of the Delaware Certificates, each Delaware Opinion Party is duly incorporated or formed, as applicable, and is validly existing and in good standing under the DGCL or the DLLCA, as
applicable. 

  

	 	b.	Each Delaware Opinion Party has the corporate or limited liability company, as applicable, power and authority to execute and deliver each of the Transaction Documents (other than the LLC Agreements) to which such
Delaware Opinion Party is a party and to consummate the transactions contemplated thereby under the DGCL or the DLLCA, as applicable, and each Delaware Member has the limited liability company power and authority to execute, deliver and perform all
of its obligations under each of the Securitization Entity LLC Agreements to which such Delaware Member is a party under the DLLCA. 

  

	 	c.	Each of the Transaction Documents to which a Delaware Opinion Party is a party has been duly authorized, executed and delivered by all requisite corporate or limited liability company, as applicable, action on the part
of such Delaware Opinion Party under the DGCL or the DLLCA, as applicable. 

	 	d.	(A) Each of the New York Transaction Agreements to which an Opinion Party is a party constitutes the valid and binding obligation of such Opinion Party, enforceable against such Opinion Party in accordance with its
terms under the laws of the State of New York. (B) Each of the Delaware Transaction Agreements to which an Opinion Party is a party constitutes the valid and binding obligation of such Opinion Party, enforceable against such Opinion Party in
accordance with its terms under the laws of the State of Delaware. 

  

	 	e.	Each Securitization Entity LLC Agreement of each Delaware LLC Opinion Party constitutes a valid and binding agreement of each Delaware Member party thereto, enforceable against such Delaware Member in accordance with
its terms under the DLLCA. 

  

	 	f.	The provisions of each Securitization Entity LLC Agreement regulating each Delaware LLC Opinion Party’s authority to commence a voluntary case under title 11 of the United States Code constitute a valid and binding
agreement of the respective Delaware Member, enforceable against such Delaware Member in accordance with its terms under the DLLCA. 

  

	 	g.	Under the DLLCA and each LLC Agreement, the commencement of a bankruptcy proceeding with respect to or a dissolution of the Member of a Delaware LLC Opinion Party will not, by itself, cause such Delaware LLC Opinion
Party to be dissolved or its affairs to be wound up. 

  

	 	h.	Neither the execution and delivery by each Delaware Opinion Party of the Transaction Documents to which such Delaware Opinion Party is a party nor the consummation by such Delaware Opinion Party of the transactions
contemplated thereby, including the issuance and sale of the Notes in accordance with the Transaction Documents, conflicts with the Organizational Documents of such Delaware Opinion Party. 

 

	 	i.	Neither the execution and delivery by each Opinion Party of the Transaction Documents to which such Opinion Party is a party nor the consummation by such Opinion Party of the transactions contemplated thereby, including
the issuance and sale of the Notes: (i) violates any law, rule or regulation of the State of Delaware, the State of New York or the United States of America, or (ii) requires the consent, approval, licensing or authorization of, or any
filing, recording or registration with, any governmental authority under any law, rule or regulation of the State of New York or the United States of America or the DGCL or the DLLCA, as applicable, except for those consents, approvals, licenses and
authorizations already obtained and those filings, recordings and registrations already made. 

  

	 	j.	Each Opinion Party is not and, solely after giving effect to the offering and sale of the Notes and the application of the proceeds thereof as described in the Offering Memorandum, will not be an “investment
company” as such term is defined in the Investment Company Act of 1940, as amended. 

	 	k.	The Notes have been duly authorized by all requisite limited liability company or corporate action, as applicable, on the part of the Co-Issuers and duly executed by the Co-Issuers under the DLLCA or DGCL, as
applicable, and when duly authenticated by the Trustee and issued and delivered by the Co-Issuers against payment therefor in accordance with the terms of the Purchase Agreements and the Indenture, the Notes will constitute valid and binding
obligations of the Co-Issuers, entitled to the benefits of the Indenture and enforceable against the Co-Issuers in accordance with their terms under the laws of the State of New York. 

 

	 	l.	Assuming (i) the accuracy of the representations and warranties of the Opinion Parties party thereto set forth in Section 2(a) through (e) of the Class A-2 NPA and of the Initial Purchasers in
Sections 3(b) and (d) of the Class A-2 NPA, (ii) the due performance by such Opinion Parties of the covenants and agreements set forth in Section 5(i), (o), (p), (q) and (u) of the Class A-2 NPA and the due performance
by the Initial Purchasers of the covenants and agreements set forth in Section 3(b) and (d) of the Class A-2 NPA, and (iii) the compliance by the Initial Purchasers with the offering and transfer procedures and restrictions
described in the Offering Memorandum, the offer, sale and delivery of the Notes to the Initial Purchasers in the manner contemplated by the Purchase Agreements and the Offering Memorandum and the initial resale of the Notes by the Initial Purchasers
in the manner contemplated in the Offering Memorandum and the Purchase Agreements, do not require registration under the Securities Act or qualification of the Indenture under the Trust Indenture Act of 1939, it being understood that we do not
express any opinion with respect to any subsequent reoffer or resale of any Notes. 

 2012 Security Interest Opinion

  

	 	a.	Under the New York UCC, the provisions of the Indenture are effective to create a security interest in each Co-Issuer’s rights in the UCC Collateral in favor of the Trustee to secure the Obligations (as defined in
the Indenture). 

  

	 	b.	Under the New York UCC, the provisions of the G&C Agreement are effective to create a security interest in each Guarantor’s rights in the UCC Collateral in favor of the Trustee to secure the Obligations (as
defined in the Indenture). 

  

	 	c.	Each Delaware Financing Statement (other than the Previously Filed Financing Statements) is in sufficient form for filing in the Delaware Filing Office. Under the Delaware UCC, the security interest of the Trustee will
be perfected in each Grantor’s rights in that portion of the UCC Collateral in which a security interest can be perfected under the Delaware UCC by the filing of a financing statement in the Delaware Filing Office upon the later of the
attachment of the security interest and the filing of the Delaware Financing Statement identifying such Grantor as debtor in the Delaware Filing Office. 

	 	d.	Under the New York UCC and the Federal Book-Entry Regulations, the provisions of the Control Agreement are effective to perfect the security interest of the Trustee in each Grantor’s rights in the respective
Collateral Account. 

  

	 	e.	Under the New York UCC, assuming that neither the Trustee nor any Beneficiary has notice of adverse claims with respect to the Possessory Certificates then, upon the delivery on the date hereof of such Possessory
Certificates to the Trustee, indorsed by an effective indorsement, either in blank or to the Trustee, the security interest of the Trustee in each Grantor’s rights in the Possessory Certificates pledged by such Grantor will be perfected and the
Trustee will acquire each Grantor’s rights in the Possessory Certificates pledged by such Grantor free of any adverse claims under Section 8-303 of the New York UCC. As used herein, “notice of adverse claim” has the meaning set
forth in Section 8-105 of the New York UCC and includes, without limitation, any adverse claim that the Trustee or any Beneficiary would discover upon any investigation that such person has a duty, imposed by statute or regulation, to conduct.

  

	 	f.	To the extent that federal trademark laws of the United States pertaining to the assignment of trademarks preempt the provisions of the applicable UCC requiring the filing of a financing statement for the perfection of
a security interest in trademarks, the recordation of the Trademark Security Agreement in the United States Patent and Trademark Office (the “PTO”) against the U.S. registered trademarks and trademark applications set forth on Schedule 1
to the Trademark Security Agreement (the “Trademarks”) within three (3) months after its date will perfect the Trustee’s security interest in the IP Holder’s right, title and interest in such Trademarks. 

 

	 	g.	To the extent that federal patent laws of the United States pertaining to the assignment, grant or conveyance of patents preempt the provisions of the applicable UCC requiring the filing of a financing statement for the
perfection of a security interest in patents, the recordation of the Patent Security Agreement in the PTO against the U.S. patents and patent applications set forth on Schedule 1 to the Patent Security Agreement (the “Patents”) within
three (3) months from its date will perfect the Trustee’s security interest in the IP Holder’s right, title and interest in such Patents. 

2012 Back-Up Security Interest Opinion 
  

	 	a.	We call to your attention that each Contribution Agreement purported to contribute or sell the applicable UCC Collateral, and we do not express any opinion with respect to the proper characterization of the transfer.
However, if in each case the transfer was characterized as a lien, the provisions of each Contribution Agreement were effective under the UCC to create a security interest in each Grantor’s rights in the applicable UCC Collateral in favor of
the related Secured Party in each case to secure a loan in the aggregate value specified in such Contribution Agreement. 

 2012 Voluntary Bankruptcy Opinion 

 

	 	a.	In a properly presented and argued case by a party with standing to seek dismissal of the Voluntary Case based on a Delaware Securitization Entity’s failure to comply with those provisions of its Organizational
Documents requiring a unanimous written consent of its Managers or Directors, as applicable, to commence a Voluntary Case, as a legal matter, and based upon existing case law, a bankruptcy court would rule that compliance with those provisions of
the Organizational Documents requiring a unanimous written consent of such Delaware Securitization Entity’s Managers or Directors, as applicable, to commence a Voluntary Case is necessary in order to commence a Voluntary Case.

 2015 Corporate Opinion 
  

	 	a.	Based solely on our review of the Delaware Certificates, each Delaware Opinion Party is duly incorporated or formed, as applicable, and is validly existing and in good standing under the DGCL or the DLLCA, as
applicable. 

  

	 	b.	Each Delaware Opinion Party has the corporate or limited liability company, as applicable, power and authority to execute and deliver each of the Transaction Agreements to which such Delaware Opinion Party is a party
and to consummate the transactions contemplated thereby, including, if such Delaware Opinion Party is a Co-Issuer, the issuance and sale of the Notes, under the DGCL or the DLLCA, as applicable, including, if such Delaware Opinion Party is a
Co-Issuer, the issuance and sale of the Notes, and each Delaware Member has the limited liability company power and authority to execute, deliver and perform all of its obligations under each of the Delaware LLC Agreements to which such Delaware
Member is a party under the DLLCA. 

  

	 	c.	Each of the Transaction Agreements to which a Delaware Opinion Party is a party has been duly authorized, executed and delivered by all requisite corporate or limited liability company, as applicable, action on the part
of such Delaware Opinion Party under the DGCL or the DLLCA, as applicable. 

  

	 	d.	(A) Each of the New York Transaction Agreements to which an Opinion Party is a party constitutes the valid and binding obligation of such Opinion Party, enforceable against such Opinion Party in accordance with its
terms under the laws of the State of New York. (B) Each of the Delaware Transaction Agreements to which an Opinion Party or DNAF is a party constitutes the valid and binding obligation of such Opinion Party or DNAF, enforceable against such Opinion
Party or DNAF in accordance with its terms under the laws of the State of Delaware. 

	 	e.	Each Delaware LLC Agreement of each Delaware LLC Opinion Party constitutes a valid and binding agreement of each Delaware Member party thereto, enforceable against such Delaware Member in accordance with its terms under
the DLLCA. 

  

	 	f.	Neither the execution and delivery by each Delaware Opinion Party of the Transaction Agreements to which such Delaware Opinion Party is a party nor the consummation by such Delaware Opinion Party of the transactions
contemplated by each of the Transaction Agreements to which such Delaware Opinion Party is a party, including, if such Delaware Opinion Party is a Co-Issuer, the issuance and sale of the Notes, (i) conflicts with the Organizational Documents of
such Delaware Opinion Party or (ii) violates any law, rule or regulation of the State of New York or the United States of America or the DGCL or the DLLCA, as applicable; 

 

	 	g.	Neither the execution and delivery by each Opinion Party of the Transaction Agreements to which such Opinion Party is a party nor the enforceability of each of the Transaction Agreements to which such Opinion Party is a
party against such Opinion Party, requires the consent, approval, licensing or authorization of, or any filing, recording or registration with, any governmental authority under any law, rule or regulation of the State of New York or the United
States of America, the DGCL or the DLLCA, as applicable, or except for those consents, approvals, licenses and authorizations already obtained and those filings, recordings and registrations already made. 

 

	 	h.	Each Opinion Party is not and, solely after giving effect to the offering and sale of the Notes and the application of the proceeds thereof as described in the Offering Memorandum, will not be an “investment
company” as such term is defined in the Investment Company Act of 1940, as amended. 

  

	 	i.	All conditions precedent to the issuance of the Notes set forth in the Indenture have been satisfied and the Series 2015-1 Supplement is authorized or permitted pursuant to the terms and conditions of the Indenture.

  

	 	j.	The Notes have been duly authorized by all requisite limited liability company or corporate action, as applicable, on the part of the Co-Issuers and duly executed by the Co-Issuers under the DLLCA or DGCL, as
applicable, and when duly authenticated by the Trustee and issued and delivered by the Co-Issuers against payment therefor in accordance with the terms of the Series 2015-1 Note Purchase Agreements and the Indenture, the Notes will constitute valid
and binding obligations of the Co-Issuers, entitled to the benefits of the Indenture and enforceable against the Co-Issuers in accordance with their terms under the laws of the State of New York. 

 

	 	k.	 Assuming (i) the accuracy of the representations and warranties of the Opinion Parties party thereto set
forth in Section 2(a) through (g) of the Series 2015-1 Class A-2 Note Purchase Agreement and of the Initial Purchasers in Sections 

	 	
3(b), (d) and (e) of the Series 2015-1 Class A-2 Note Purchase Agreement, (ii) the due performance by such Opinion Parties of the covenants and agreements set forth in
Section 5(e) through (h), (n) through (p) and (s) of the Series 2015-1 Class A-2 Note Purchase Agreement and the due performance by the Initial Purchasers of the covenants and agreements set forth in Section 3(b), (d) and
(e) of the Series 2015-1 Class A-2 Note Purchase Agreement, and (iii) the compliance by the Initial Purchasers with the offering and transfer procedures and restrictions described in the Offering Memorandum, the offer, sale and
delivery of the Series 2015-1 Class A-2 Notes to the Initial Purchasers in the manner contemplated by the Offering Memorandum and the Series 2015-1 Class A-2 Purchase Agreement and the initial resale of the Series 2015-1 Class A-2
Notes by    the Initial    Purchasers in the manner contemplated in the Offering Memorandum and the Series 2015-1 Class A-2 Purchase Agreement, do not require registration under the Securities Act of
1933, as amended, or qualification of the Indenture under the Trust Indenture Act of 1939, as amended, it being understood that we do not express any opinion with respect to any subsequent reoffer or resale of any Series 2015-1 Class A-2 Notes.

  

	 	l.	Assuming the accuracy of the representations and warranties of the Opinion Parties party thereto set forth in Section 6.01(c) through (e) and (g) of the Series 2015-1 Class A-1 Note Purchase Agreement and
of the Lender Parties (as such term is defined in the Series 2015-1 Class A-1 Note Purchase Agreement) in Section 6.03(a) through (h) of the Series 2015-1 Class A-1 Note Purchase Agreement, the offer, sale and delivery of the
Series 2015-1 Class A-1 Notes to the Lender Parties in the manner contemplated by the Series 2015-1 Class A-1 Purchase Agreement does not require registration under the Securities Act of 1933, as amended, or qualification of the Indenture
under the Trust Indenture Act of 1939, as amended, it being understood that we do not express any opinion with respect to any subsequent reoffer or resale of any Series 2015-1 Class A-1 Notes. 

 

	 	m.	The Notes and the Company Order conform to the requirements of the Base Indenture and the Series 2015-1 Supplement, and the Notes are permitted to be authenticated by the Trustee pursuant to the terms of the Base
Indenture and the Series 2015-1 Supplement. 

 2015 Security Interest Opinion 

 

	 	a.	Under the New York UCC, the provisions of the Indenture are effective to create a security interest in each Co-Issuer’s rights in the UCC Collateral in favor of the Trustee to secure the Obligations (as defined in
the Indenture). 

  

	 	b.	Under the New York UCC, the provisions of the G&C Agreement are effective to create a security interest in each Guarantor’s rights in the UCC Collateral in favor of the Trustee to secure the Obligations (as
defined in the Indenture). 

	 	c.	Under the Delaware UCC, the security interest of the Trustee was perfected in each Delaware Grantor’s rights in that portion of the UCC Collateral in which a security interest can be perfected under the Delaware
UCC by the filing of a financing statement in the Delaware Filing Office upon the later of the attachment of the security interest and the filing of the Delaware Financing Statement identifying such Grantor as debtor in the Delaware Filing Office.

  

	 	d.	Under the New York UCC, the provisions of the Base Indenture are effective to perfect the security interest of the Trustee in each Co-Issuer’s rights in the respective Indenture Trust Account. 

 

	 	e.	Under the New York UCC, the provisions of the Control Agreement are effective to perfect the security interest of the Trustee in each Grantor’s rights in the respective Collateral Account. 

 

	 	f.	Under the New York UCC, assuming that neither the Trustee nor any Beneficiary has notice of adverse claims with respect to the Possessory Certificates, then, upon the delivery of such Possessory Certificates to the
Trustee, indorsed by an effective indorsement, either in blank or to the Trustee, the security interest of the Trustee in each Grantor’s rights in the Possessory Certificates pledged by such Grantor was perfected and the Trustee acquired each
Grantor’s rights in the Possessory Certificates pledged by such Grantor free of any adverse claims under Section 8-303 of the New York UCC. As used herein, “notice of adverse claim” has the meaning set forth in Section 8-105
of the New York UCC and includes, without limitation, any adverse claim that the Trustee or any Beneficiary would discover upon any investigation that such person has a duty, imposed by statute or regulation, to conduct. 

 

	 	g.	To the extent that the provisions of the Lanham (Trademark) Act (15 U.S.C. § 1051, et seq.) (the “Lanham Act”) pertaining to the assignment of trademarks preempt the provisions of the applicable UCC
requiring the filing of a financing statement for the perfection of a security interest in trademarks, the recordation of the (i) Supplemental Trademark Security Agreement in the United States Patent and Trademark Office (the “PTO”)
against the U.S. registered trademarks and trademark applications identified by the trademark and trademark application numbers set forth on Schedule 1 to the Supplemental Trademark Security Agreement (the “Supplemental Trademarks”) within
three (3) months after its date perfected the Trustee’s security interest in the IP Holder’s right, title and interest in such Supplemental    Trademarks, and (ii) Trademark Security Agreement in the PTO
against the U.S. registered trademarks and trademark applications identified by the trademark and trademark application numbers set forth on Schedule 1 to the Trademark Security Agreement (the “Existing Trademarks” and, together with the
Supplemental Trademarks, the “Trademarks”) within three (3) months after its date perfected the Trustee’s security interest in the IP Holder’s right, title and interest in such Existing Trademarks. 

	 	h.	To the extent that the provisions of the United States Patent Act (35 U.S.C. § 1, et seq.) (the “Patent Act”) pertaining to the assignment, grant or conveyance of patents preempt the provisions of the
applicable UCC requiring the filing of a financing statement for the perfection of a security interest in patents, the recordation of the (i) Supplemental Patent Security Agreement in the PTO against the U.S. patents and patent applications
identified by the patent and patent application numbers set forth on Schedule 1 to the Supplemental Patent Security Agreement (the “Supplemental Patents”) within three (3) months from its date perfected the Trustee’s security
interest in the IP Holder’s right, title and interest in such Supplemental Patents, and (ii) Patent Security Agreement in the PTO against the U.S. patents and patent applications identified by the patent and patent application numbers set
forth on Schedule 1 to the Patent Security Agreement (the “Existing Patents” and, together with the Supplemental Patents, the “Patents”) within three (3) months from its date perfected the Trustee’s security interest in
the IP Holder’s right, title and interest in such Existing Patents. 

 2015 True Sale Opinion 

 

	 	a.	On the 2007 Closing Date, the contributions pursuant to the 2007 Contribution Agreements constituted contributions by the applicable Contributor to the applicable Contributee of the applicable Contributed Assets rather
than grants by such Contributor to such Contributee of a security interest in such Contributed Assets to secure a loan and, in a properly presented and argued case, as a legal matter, and based upon existing case law, in the event of the bankruptcy
of any Contributor under a 2007 Contribution Agreement, subject to the qualifications stated herein, (a) section 362(a) of the Bankruptcy Code would not apply to stay payment to the applicable Contributee under such 2007 Contribution Agreement
(or its assigns) of amounts collected in connection with the Contributed Assets and proceeds of sale thereof and (b) the Contributed Assets and proceeds of sale or collections in connection therewith would not constitute property of the
applicable Contributor’s bankruptcy estate under section 541(a)(1) of the Bankruptcy Code. 

  

	 	b.	On the 2012 Closing Date, the contributions pursuant to the 2012 Contribution Agreements constituted contributions by the applicable Contributor to the applicable Contributee of the applicable Contributed Assets rather
than grants by such Contributor to such Contributee of a security interest in such Contributed Assets to secure a loan and, in a properly presented and argued case, as a legal matter, and based upon existing case law, in the event of the bankruptcy
of any Contributor under a 2012 Contribution Agreement, subject to the qualifications stated herein, (a) section 362(a) of the Bankruptcy Code would not apply to stay payment to the applicable Contributee under such 2012 Contribution Agreement
(or its assigns) of amounts collected in connection with the Contributed Assets and proceeds of sale thereof and (b) the Contributed Assets and proceeds of sale or collections in connection therewith would not constitute property of the
applicable Contributor’s bankruptcy estate under section 541(a)(1) of the Bankruptcy Code. 

	 	c.	The execution and delivery of, and the consummation of the transactions expressly provided for in, the 2012 Transaction Documents (in the case of the 2007 Contributions) and the 2015 Transaction Documents (in the case
of the 2007 Contributions and the 2012 Contributions) do not adversely affect the conclusions expressed above with respect to the characterization of the transfers on the 2007 Closing Date and the 2012 Closing Date. 

 

	 	d.	As of the date hereof, the law applicable to the analysis of the matters discussed above has not changed from that in effect on the 2007 Closing Date or the 2012 Closing Date, as applicable, in any manner which would
adversely affect the conclusions expressed above with respect to the characterization of the transfers on the 2007 Closing Date and the 2012 Closing Date. 

Skadden 2017 Voluntary Bankruptcy Opinion 
  

	15.	In a properly presented and argued case by a party with standing to seek dismissal of a Voluntary Case based on an Opinion Party’s failure to comply with those provisions of its Organizational Document requiring
the unanimous written consent of its Directors or Managers, as applicable, to commence a Voluntary Case, as a legal matter, and based upon existing case law, (i) the provisions of each Opinion Party’s Organizational Document requiring the
unanimous written consent of such Opinion Party’s Directors or Managers, as applicable, to commence a Voluntary Case constitute the valid and binding obligation of such Opinion Party or Member of such Opinion Party, as applicable, enforceable
against such Opinion Party or Member in accordance with their terms under the laws of the State of Delaware, and (ii) a bankruptcy court, in determining each Opinion Party’s authority to commence a Voluntary Case, would rule that
compliance with such provisions of such Opinion Party’s Organizational Document is necessary to commence a Voluntary Case. 

Skadden 2017 Security Interest Opinion 
  

	16.	Under the New York UCC, the provisions of the Indenture are effective to create a security interest in each Co-Issuer’s rights in the UCC Collateral in favor of the Trustee to secure the Obligations (as defined in
the Indenture). 

  

	17.	Under the New York UCC, the provisions of the G&C Agreement are effective to create a security interest in each Guarantor’s rights in the UCC Collateral in favor of the Trustee to secure the Obligations (as
defined in the Indenture). 

  

	18.	Under the Delaware UCC, the security interest of the Trustee was perfected in each Delaware Grantor’s rights in that portion of the UCC Collateral in which a security interest can be perfected under the Delaware
UCC by the filing of a financing statement in the Delaware Filing Office upon the later of the attachment of the security interest and the filing of the Delaware Financing Statement identifying such Grantor as debtor in the Delaware Filing Office.

	19.	Under the New York UCC, the provisions of the Base Indenture are effective to perfect the security interest of the Trustee in each Co-Issuer’s rights in the respective Indenture Trust Account. 

 

	20.	Under the New York UCC, the provisions of the Control Agreement are effective to perfect the security interest of the Trustee in each Grantor’s rights in the respective Collateral Account. 

 

	21.	Under the New York UCC, assuming that neither the Trustee nor any Beneficiary has notice of adverse claims with respect to the Possessory Certificates, then, upon the delivery of such Possessory Certificates to the
Trustee, indorsed by an effective indorsement, either in blank or to the Trustee, the security interest of the Trustee in each Grantor’s rights in the Possessory Certificates pledged by such Grantor was perfected and the Trustee acquired each
Grantor’s rights in the Possessory Certificates pledged by such Grantor free of any adverse claims under Section 8-303 of the New York UCC. As used herein, “notice of adverse claim” has the meaning set forth in Section 8-105
of the New York UCC and includes, without limitation, any adverse claim that the Trustee or any Beneficiary would discover upon any investigation that such person has a duty, imposed by statute or regulation, to conduct. 

 

	22.	To the extent that the provisions of the Lanham (Trademark) Act (15 U.S.C. § 1051, et seq.) (the “Lanham Act”) pertaining to the assignment of trademarks preempt the provisions of the applicable UCC
requiring the filing of a financing statement for the perfection of a security interest in trademarks, the recordation of (i) the Supplemental Trademark Security Agreement in the United States Patent and Trademark Office (the “PTO”)
against the U.S. registered trademarks and trademark applications identified by the trademark and trademark application numbers set forth on Schedule 1 to the Supplemental Trademark Security Agreement (the “Supplemental Trademarks”) within
three (3) months after its date perfected the Trustee’s security interest in the IP Holder’s right, title and interest in such Supplemental Trademarks, and (ii) each of the Trademark Security Agreement and the 2015 Trademark
Security Agreement in the PTO against the U.S. registered trademarks and trademark applications identified by the trademark and trademark application numbers set forth on each Schedule 1 thereto, respectively (the “Existing Trademarks”
and, together with the Supplemental Trademarks, the “Trademarks”) within three (3) months after its date perfected the Trustee’s security interest in the IP Holder’s right, title and interest in such Existing Trademarks.

  

	23.	To the extent that the provisions of the United States Patent Act (35 U.S.C. § 1, et seq.) (the “Patent Act”) pertaining to the assignment, grant or conveyance of patents preempt the provisions of the
applicable UCC requiring the filing of a financing statement for the perfection of a security interest in patents, the recordation of each of the Patent Security Agreement and the 2015 Patent Security Agreement in the PTO against the U.S. patents
and patent applications identified by the patent and patent application numbers set forth on each Schedule 1 thereto, respectively (the “Patents”) within three (3) months from its date perfected the Trustee’s security interest in
the IP Holder’s right, title and interest in such Patents. 

 Skadden 2017 Tax Opinion 
  

	24.	The Notes, to the extent treated as issued and outstanding for U.S. federal income tax purposes will be treated as debt for U.S. federal income tax purposes. 

 

	25.	The issuance of the Notes will not affect adversely the U.S. federal income tax characterization of any Series 2015-1 Senior Notes that were (based upon an Opinion of Counsel) treated as debt at the time of their
issuance. 

  

	26.	As of the date hereof, and for so long as the Notes are outstanding, each Non-Corporate U.S. Securitization Entity will be classified as an entity the existence of which is disregarded, rather than as a corporation, for
U.S. federal income tax purposes. For the avoidance of doubt, each Securitization Entity that is organized as a corporation under applicable law will be taxed as a corporation. 

 

	27.	As of the date hereof, and for so long as the Notes are outstanding, none of the Non- Corporate U.S. Securitization Entities will be classified as a publicly traded partnership taxable as a corporation.

  

	28.	Although the discussion set forth in the Offering Memorandum under the heading “Certain U.S. Federal Income Tax Considerations” does not purport to discuss all possible U.S. federal income tax considerations
of an investment in the Notes, subject to the agreements, qualifications, assumptions, and Co-Issuers’ determinations referred to therein, such discussion constitutes, in all material respects, a fair and accurate summary of the U.S. federal
income tax considerations of an investment in the Notes under current U.S. federal income tax law. 

 Skadden 2017 Back-Up Security
Interest Opinion 
  

	29.	We call to your attention that each Contribution Agreement purported to contribute or sell the applicable UCC Collateral, and we do not express any opinion with respect to the proper characterization of the transfer.
However, if in each case the transfer was characterized as a lien, the provisions of each Contribution Agreement were effective under the UCC to create a security interest in each Grantor’s rights in the applicable UCC Collateral in favor of
the related Secured Party in each case to secure a loan in the aggregate value of the Contributed Assets (as such term is defined in the related Contribution Agreement). 

Skadden 2017 Non-Consolidation Opinion 
  

	30.	 If a Parent Company becomes a debtor in a case under the Bankruptcy Code, for the reasons, among others, set
forth below, it is our opinion that, in a properly argued and presented case, regardless of which of the approaches or standards a court follows, a creditor or trustee of such Parent Company (or such Parent Company as debtor in possession) would not
have valid grounds to have a court disregard the limited liability company or corporate form, as applicable, of one or more of the Securitization Entities so 

	 	
as to cause a substantive consolidation of the assets and liabilities of one or more of the Securitization Entities with the assets and liabilities of such Parent Company in a manner prejudicial
to the holders of the Series 2017-1 Notes. 

 Skadden 2017 Negative Assurance Letter 

 

	31.	No facts have come to our attention that have caused us to believe that the Offering Memorandum, as of its date and as of the date hereof, contained or contains an untrue statement of a material fact or omitted or omits
to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (except that in each case we do not express any view as to the financial statements, schedules
and other financial information or Other Excluded Information (as defined below) included or incorporated by reference therein or excluded therefrom). In addition, on the basis of the foregoing, no facts have come to our attention that have caused
us to believe that the Disclosure Package, as of the Applicable Time (as defined below), contained an untrue statement of a material fact or omitted to state a material fact necessary in order to make the statements therein, in the light of the
circumstances under which they were made, not misleading (except that we do not express any view as to the financial statements, schedules and other financial information or Other Excluded Information included or incorporated by reference therein or
excluded therefrom). 

  

	32.	In addition, the statements in the Preliminary Offering Memorandum and the Offering Memorandum (a) under the captions “Description of the Servicer and the Servicing Agreement,” “Description
of the Manager and the Management Agreement,” “Description of the Back-Up Manager and the Back-Up Management Agreement,” “Description of the Offered Notes,” “Description of the Base Indenture and
the Guarantee and Collateral Agreement,” “Description of the Distribution and Contribution Agreements,” “Description of the Securitization Entities and the Securitization Entities’ Charter Documents”
“Description of the IP License Agreements, and “Description of the Product Purchase Agreements” insofar as such statements purport to summarize certain provisions of the documents referred to therein, fairly summarize
such provisions in all material respects, and (b) under the caption “Certain ERISA and Related Considerations” insofar as they purport to describe the provisions of the laws and regulations referred to therein, are true and
correct in all material respects. 

 Exhibit 2-B 

Capitalized terms used within this Exhibit 2-B shall have the meanings set forth in the respective opinion letters in which they will be delivered. 

In-House Counsel Opinions 

Domino’s 2017 Franchise Matters Opinion 
  

	1.	Since April 18, 2007, the Franchisor has prepared and maintained Franchise Disclosure Documents (formerly known as Uniform Franchise Offering Circular) as necessary for the offer and sale of Domino’s Pizza
franchises in the United States (the “FDDs”). 

  

	2.	The FDDs complied or comply in all material respects with the Franchise Disclosure Document disclosure requirements of the U.S. Federal Trade Commission and applicable state franchise and business opportunity laws.

  

	3.	The Franchisor has registered or filed the FDDs in all franchise registration/filings states in which the Franchisor has offered or sold Domino’s Pizza franchises except for those states in which the Franchisor was
exempt from registration or filing. 

  

	4.	Since April 18, 2007, the Franchisor, as required for its franchise offer and sales activities, had or has had franchise registrations/filings, in effect, or has been exempt from franchise registration/filings,
including exempt filings, at all times in which the Franchisor has offered or sold Domino’s Pizza franchises in franchise registration/filing states. 

  

	5.	Since April 18, 2007, the Franchisor has made all necessary filings, including exemption filings, under state business opportunity laws regulating the offer and sale of Domino’s Pizza franchises. 

 

	6.	The forms of Standard Franchise Agreement, Non-Traditional Store Franchise Agreement, Transitional Store Franchise Agreement, Development Agreement, Optimization Agreement and License Agreement and other form agreements
attached as exhibits to the FDDs were the forms of such agreements signed by the franchisees who had received the FDDs to which they were attached (including, as applicable, state- specific riders or addenda required by state franchise registration
authorities), except to the extent they were modified by negotiated changes. These forms comply in all material respects with applicable state and federal laws and regulations. 

 

	7.	Since April 18, 2007, the Franchisor has complied in all material respects with the filing requirements for advertising and other franchisee solicitation materials under applicable state franchise laws and all such
materials have in all material respects complied in substance and form with all standards and conditions prescribed by such applicable laws. 

  

	8.	Since April 18, 2007, the Franchisor, as required for its franchise offer and sales activities, has complied in all material respects with the filing requirements for franchise salespersons, franchise sales agents, and
franchise brokers under applicable state franchise laws. 

	9.	To the knowledge of the undersigned, the Franchisor has not sold any Domino’s Pizza franchises to any franchisees at a time when their FDDs were not then in effect. 

 

	10.	To the knowledge of the undersigned, the Franchisor has not sold any Domino’s Pizza franchises to any franchisees at a time when its required state franchise registrations or business opportunity filings (or
exemptions from registration or filing) referred to in paragraphs 3, 4 and 5 were not then in effect. 

 Domino’s 2017
Litigation/Conflicts Opinion 
  

	1.	To my knowledge, there is no action, proceeding or investigation pending or threatened before any court, administrative agency or other Governmental Authority that (i) challenges the validity or enforceability of,
or seeks to enjoin the performance of, the Related Documents or (ii) would reasonably be expected to have a material adverse effect on the business of the Domino’s Entities taken as a whole. 

 

	2.	To my knowledge, the execution and delivery by each of Holdco and its Subsidiaries which are organized under the laws of a State of the United States (each a “Domestic Company”) of each Related Document to
which it is a party and the performance of its obligations thereunder will not (i) violate any order, writ, injunction, judgment or decree of any United States federal or state court, Governmental Authority or agency applicable to such Domestic
Company or its property or (ii) breach or result in a default or the creation or imposition of any Lien upon any assets of such Domestic Company under the terms of any agreement or instrument which is material to the business of Holdco and its
Subsidiaries, taken as a whole, other than as contemplated by the Related Documents. 

 Exhibit 2-C 

Capitalized terms used within this Exhibit 2-C shall have the meanings set forth in the respective opinion letters in which they will be delivered. 

DLA Piper Opinions 
 DLA Piper 2017
Opinion regarding Franchise Matters and 10b-5 Matters 
  

	1.	The statements made in the Memorandum under the caption “Description of The Franchise Arrangements,” insofar as they purport to constitute summaries of certain terms of the Current Form Franchise Documents,
constitute accurate summaries of the terms of the Current Form Franchise Documents in all material respects. The statements in the Memorandum under the caption “Certain Legal Aspects of the Franchise Arrangements,” insofar as they describe
United States federal and state laws relating to franchising and business opportunities, and insofar as they describe similar laws and regulations relating to franchising internationally at the local and national level in certain countries, have
been reviewed by us and constitute accurate summaries of the matters described therein in all material respects. No facts have come to our attention that have led us to believe that the statements in the Memorandum under the caption
“Description of The Franchise Arrangements,” or the statements in the Memorandum under the caption “Certain Legal Aspects of the Franchise Arrangements,” when issued contained, or on the date of this opinion letter contain, any
untrue statement of a material fact or omitted or omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading. However, except for our review as
described in this paragraph, we did not independently investigate or verify, and express no opinion with respect to, the factual statements contained in the Memorandum. 

 

	2.	No consent, approval, or authorization of or designation, declaration, or filing with any federal or state authority that regulates franchising in the U.S. is required in connection with the 2017 Transaction. However,
see the discussion below regarding the actions that the Franchisor must take after the Closing Date in order to offer and sell Domino’s Pizza franchises in the United States to comply with United States federal and state franchise and business
opportunity laws. 

 Miller, Canfield, Paddock & Stone, P.L.C. Opinions 

Miller Canfield 2017 Corporate Opinion re: Michigan Entities 
  

	1.	National (i) was validly incorporated in the State of Michigan and, based on the National Michigan Good Standing Certificate, is validly in existence, and is in good standing under the laws of the State of
Michigan, and (ii) at the relevant time, had the corporate power and corporate authority to execute and deliver, and to perform its obligations under, the Existing Transaction Documents to which it is a party. 

	2.	Each of Domino’s Pizza and Progressive (i) was validly organized as a limited liability company in the State of Michigan and, based on the Domino’s Pizza Michigan Good Standing Certificate (in the case of
Domino’s Pizza) and the Progressive Michigan Good Standing Certificate (in the case of Progressive) and is validly in existence, and is in good standing under the laws of the State of Michigan, (ii) had, at the relevant time, the limited
liability company power and limited liability company authority to execute and deliver, and to perform its obligations under, the Existing Transaction Documents to which it is a party, and (iii) in the case of Domino’s Pizza has the
limited liability company power and limited liability company authority to execute and deliver, and to perform its obligations under, the 2017 Transaction Documents to which it is a party 

 

	3.	Each of Domino’s Pizza, Progressive and National (i) duly authorized the execution and delivery of each of the Existing Transaction Documents to which it is a party and (ii) duly executed each of the
Existing Transaction Documents to which it is a party. Domino’s Pizza has duly authorized the execution and delivery of each of the 2017 Transaction Documents to which it is a party and has duly executed each of the 2017 Transaction Documents
to which it is a party. Assuming (x) that Domino’s Pizza Distribution LLC had the power and authority to execute and deliver, and to perform its obligation under the Company-Owned Stores Requirements Agreement (as defined on the attached
Schedule B), and (y) that the Company-Owned Stores Requirements Agreement was duly authorized, executed and delivered by Domino’s Pizza Distribution LLC, the Company-Owned Stores Requirements Agreement constitutes the valid and legally
binding obligation of each of the parties thereto enforceable in accordance with its terms, subject to bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer or conveyance and other similar laws of general application affecting the
rights and remedies of creditors and secured parties and general principles of equity. 

  

	4.	Neither the execution, delivery or performance by Domino’s Pizza, Progressive or National of the Existing Transaction Documents (including, without limitation, the granting of Liens pursuant to the Existing
Transaction Documents) to which it is a party, nor compliance by Domino’s Pizza, Progressive or National with the terms and provisions thereof, (i) contravened at any relevant time, nor contravenes, any provision of any Michigan statute,
rule or regulation generally applicable to corporations incorporated (or, in the case of Domino’s Pizza and Progressive, applicable to a limited liability company formed) and/or doing business in the State of Michigan, or (ii) violated at
any relevant time, or violates, any provision of the articles of incorporation, articles of organization, by-laws, or operating agreement (if any), of Domino’s Pizza, Progressive or National, as the case may be. 

 

	5.	Neither the execution, delivery or performance by Domino’s Pizza of the 2017 Transaction Documents (including, without limitation, the granting of Liens pursuant to the 2017 Transaction Documents) to which it is a
party, nor compliance by Domino’s Pizza with the terms and provisions thereof, (i) contravenes any provision of any Michigan statute, rule or regulation generally applicable to a limited liability company formed and/or doing business in
the State of Michigan, or (ii) violates any provision of the articles of organization or operating agreement of Domino’s Pizza. 

	6.	Except as may have been, or may be, required in order to perfect, or to otherwise establish the priority of, the Liens created by the Transaction Documents, to our actual knowledge (as to factual matters only), under
Michigan statutory law, no order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by, any governmental or public body or authority, or any subdivision thereof, was or is required to
authorize, or was or is required in connection with, (i) the execution, delivery and performance by Domino’s Pizza, Progressive or National of the Transaction Documents to which Domino’s Pizza, Progressive or National is a party or
(ii) the legality, validity, binding effect or enforceability against Domino’s Pizza, Progressive or National of any of the Transaction Documents to which Domino’s Pizza, Progressive or National is a party. 

 

	7.	The Domino’s Pizza Financing Statements were, at the relevant time, in proper form for filing under Article 9 of the Uniform Commercial Code as in effect in the State of Michigan on the date thereof. Insofar as
Article 9 of the Uniform Commercial Code as in effect in the State of Michigan on the date thereof was applicable (without regard to conflict of laws principles), upon the filing of such Domino’s Pizza Financing Statements with the Filing
Office, the secured party named in the Domino’s Financing Statements obtained a perfected security interest in that portion of the assets of Domino’s Pizza that are the subject of such Domino’s Pizza Financing Statements and in which
a security interest could be perfected by the filing of a financing statement with the Filing Office under Article 9 of the Uniform Commercial Code as in effect in the State of Michigan on the date thereof. Insofar as Article 9 of the Uniform
Commercial Code as in effect in the State of Michigan on the date hereof (the “Michigan UCC”) is applicable (without regard to conflict of laws principles), by virtue of the filing of such Domino’s Pizza Financing Statements with the
Filing Office, the secured party named in the Domino’s Pizza Financing Statements has a perfected security interest in that portion of the assets of Domino’s Pizza that are the subject of such Domino’s Pizza Financing Statements and
in which a security interest can be perfected by the filing of a financing statement with the Filing Office under the Michigan UCC (said assets of Domino’s Pizza being the “Domino’s Pizza UCC Collateral”). 

 

	8.	The Progressive Financing Statements were, at the relevant time, in proper form for filing under Article 9 of the Uniform Commercial Code as in effect in the State of Michigan on the date thereof. Insofar as Article 9
of the Uniform Commercial Code as in effect in the State of Michigan on the date thereof was applicable (without regard to conflict of laws principles), upon the filing of such Progressive Financing Statements with the Filing Office, the secured
party named in the Progressive Financing Statements obtained a perfected security interest in that portion of the assets of Progressive that are the subject of such Progressive Financing Statements and in which a security interest could be perfected
by the filing of a financing statement with the Filing Office under Article 9 of the Uniform Commercial Code as in effect in the State of Michigan on the date thereof. Insofar as Article 9 of the Michigan UCC is applicable (without regard to
conflict of laws principles), by virtue of the filing of such Progressive Financing Statements with the Filing Office, the secured party named in the Progressive Financing Statements has a perfected security interest in that portion of the assets of
Progressive that are the subject of such Progressive Financing Statements and in which a security interest can be perfected by the filing of a financing statement with the Filing Office under the Michigan UCC (said assets of Progressive being the
“Progressive UCC Collateral”). 

 Miller Canfield 2017 Security Interest Opinion 

 

	9.	Insofar as Article 9 of the Uniform Commercial Code as in effect in the State of Michigan on the date thereof was applicable (without regard to conflict of laws principles), upon the filing of such Domino’s Pizza
Financing Statements with the Filing Office, the secured party named in the Domino’s Financing Statements obtained a perfected security interest in that portion of the assets of Domino’s Pizza that are the subject of such Domino’s
Pizza Financing Statements and in which a security interest could be perfected by the filing of a financing statement with the Filing Office Article 9 of the Uniform Commercial Code as in effect in the State of Michigan on the date thereof.

  

	10.	Insofar as Article 9 of the Uniform Commercial Code as in effect in the State of Michigan on the date hereof (the “Michigan UCC”) is applicable (without regard to conflict of laws principles), by virtue of the
filing of such Domino’s Pizza Financing Statements with the Filing Office, the secured party named in the Domino’s Pizza Financing Statements has a perfected security interest in that portion of the assets of Domino’s Pizza that are
the subject of such Domino’s Pizza Financing Statements and in which a security interest can be perfected by the filing of a financing statement with the Filing Office under the Michigan UCC (said assets of Domino’s Pizza being the
“Domino’s Pizza UCC Collateral”). 

  

	11.	Insofar as Article 9 of the Michigan UCC is applicable (without regard to conflicts of laws principles), and given the filing of the Domino’s Pizza Financing Statements with the Filing Office, no action with
respect to (a) the recording, filing, re-recording and re- filing of the Transaction Document and any other requisite documents with the Filing Office, and (b) the execution and filing with the Filing Office of any financing statement or
continuation statement naming Domino’s Pizza as debtor, is currently necessary in the State of Michigan. 

 Exhibit 2-D 

Capitalized terms used within this Exhibit 2-D shall have the meanings set forth in the respective opinion letters in which they will be delivered. 

Stikeman Elliot LLP Opinions 

Stikeman Elliot 2017 Opinion 
  

	1.	Except for the registrations set out in Schedule B attached, no registration in any public office provided for under the laws of the Jurisdictions is necessary in the Jurisdictions as of the date hereof to maintain the
perfection of the security interests created by the Guarantor pursuant to the Guarantee and Collateral Agreement. 

  

	2.	The registrations set out in Schedule B attached have been renewed for a perpetual or infinite period. Consequently, except for the registration of additional financing statements or financing change statements required
by reason of a change in the name of (or the adoption of an additional form of name of) the Guarantor, a transfer by the Guarantor of all or any part of the Collateral, the removal of the Collateral from the Jurisdictions, a change in the location
of the Guarantor (as determined under the PPSA’s) or a change in the type of organization of the Guarantor, no registrations pursuant to the PPSA’s of the Jurisdictions are required under such PPSA’s of the Jurisdictions as in effect
on the date hereof, in order to maintain the effectiveness of such registrations until discharged. 

 Stewart McKelvey
Opinions 
 Stewart McKelvey 2017 True Sale Opinion 
  

	1.	Relying solely on the Certificates of Status, each of the Nova Scotia Companies is a subsisting unlimited company under the laws of the Province. 

 

	2.	Each of the Nova Scotia Companies has the corporate power and capacity to execute and deliver the 2017-1 Transaction Documents to which it is a party and to exercise its rights and perform its obligations under the
Transaction Documents to which it is a party. 

  

	3.	Each of the Nova Scotia Companies has taken all necessary corporate action to authorize the execution and delivery of each of the 2017-1 Transaction Documents to which it is a party, and the exercise of its rights and
the performance of its obligations under the Transaction Documents to which it is a party. 

  

	4.	Each of the 2017-1 Transaction Documents to which either of the Nova Scotia Companies is a party has been duly executed and delivered by it. 

 

	5.	 The execution and delivery by each of the Opinion Parties of the 2017-1 Transaction Documents to which it is a
party and the exercise of its rights and the performance of its obligations under the Transaction Documents to which it is a party do not violate, result in a breach of, or constitute a default under (a) in the case of either of the Nova Scotia

	 	
Companies, the memorandum of association and articles of such of the Nova Scotia Companies or (b) any statute or regulation of the Province or any federal statute or regulation of Canada
applicable therein which is applicable to the Opinion Parties, or the Collateral. 

  

	6.	The execution and delivery by each of the Opinion Parties of the 2017-1 Transaction Documents and the performance of its obligations under the Transaction Documents do not: 

 

	 	a.	require any recording, filing or registration with, consent, authorization or approval of, or notice or other action to, with or by, any governmental authority in the Province other than such registrations, if any, as
may be necessary to perfect security interests created thereby under the PPSA, as described in paragraph 7 below; or 

  

	 	b.	violate, result in a breach of, or constitute a default under any statute or regulation of the Province or any federal statute or regulation of Canada applicable therein which is applicable to such of the Opinion
Parties or the Collateral. 

  

	7.	Under the laws of the Province, no recording, filing or registration is necessary in order to create, preserve, perfect and protect the security interest in the Collateral in favour of Distribution ULC or the Trustee,
as applicable, other than the registration of financing statements under the PPSA, which registrations have been made, the details of which are set out in the Schedule B. Except as provided in Schedule B, no renewal or amendment of such
registrations is required under the laws of Province. 

  

	8.	No transaction contemplated by the Transaction Documents requires compliance with any bulk sales legislation in the Province. 

  

	9.	Each of the Security Documents continues to create in favour of the Trustee a valid security interest in all right, title and interest of the applicable Opinion Party in, to and under the Collateral in which such
Opinion Party has granted a security interest pursuant to the applicable Security Document if and to the extent that the laws of the Province apply thereto, with no further formality being required under such laws. 

 

	10.	In the event that any of the Transaction Documents is sought to be enforced in any action or proceeding in the Province in accordance with the stated choice of law, namely the laws of the State of Delaware or the State
of New York (the “Chosen Law”), the courts of the Province (i) would recognize the choice of law if it was not made with a view to avoiding the consequences of the laws of any other jurisdiction and that choice is not
otherwise contrary to public policy, as such term is understood under the laws of the Province, and (ii) would, subject to clause (i) above, apply the applicable Chosen Law upon appropriate evidence as to such laws being adduced, provided
that none of the provisions of a Transaction Document or of the applicable Chosen Law are contrary to public policy, as such term is understood under the laws of the Province. A court in the Province has, however, an inherent power to decline to
hear such action or proceeding if it is contrary to public policy, as such term is understood under the laws of the Province for such court to do so, or if that court is not the proper forum to hear such action or proceeding, or if concurrent
proceedings are being brought elsewhere. 

	11.	The laws of the Province permit an action to be brought in a court in the Province on any final and conclusive judgment in personam under the internal laws of the State of Delaware or the State of New York (the
“Foreign Court”) which is not impeachable as void or voidable under the internal laws applied by such Foreign Court, for a sum certain if: 

 

	 	a.	that judgment was not obtained by fraud or in a manner contrary to “natural justice” and the enforcement of that judgment would not be contrary to “public policy” as such terms are applied by the
courts of the Province; 

  

	 	b.	the Foreign Court did not act either: 

  

	 	(i)	without jurisdiction under the conflict of laws rules of the laws of the Province; or 

  

	 	(ii)	without authority, under the laws in force in the jurisdiction of such Foreign Court, to adjudicate concerning the cause of action or subject matter that resulted in the judgment or concerning the person of that
judgment debtor; 

  

	 	c.	the judgment debtor was duly served with the process of the Foreign Court or appeared to defend such process, and, for the purposes of service of process, it is not sufficient that the judgment debtor had agreed to
submit to the jurisdiction of the Foreign Court; 

  

	 	d.	the judgment is not contrary to the final and conclusive judgment of another jurisdiction; 

  

	 	e.	the enforcement of that judgment does not constitute, directly or indirectly, the enforcement of foreign revenue or penal laws; 

  

	 	f.	the enforcement of the judgment would not be contrary to any order made by the Attorney-General of Canada under the Foreign Extraterritorial Measures Act (Canada) or the Competition Tribunal under the
Competition Act (Canada) in respect of certain judgments, laws, and directives having effects on competition in Canada; and 

  

	 	g.	the action to enforce that judgment is taken within six years of the date of that foreign judgment as stipulated in the Limitations of Actions Act (Nova Scotia). 

 

	12.	 Attached hereto as Schedule C is a report showing the results of the searches conducted in the public offices and
registries in the Province under the statutes specified therein against the current names of the Opinion Parties listed in such Schedule and current as of the respective currency dates indicated therein (which we note may not be the date of this
opinion). Such statutes are the only statutes of the Province and the only federal statutes 

	 	
of Canada applicable therein, where transfers of, or security interests in, assets similar in nature to the Collateral would ordinarily or customarily be the subject of a filing, registration or
recording in order to create, preserve, perfect and protect such transfers or security interests. The only filings, registrations or recordings against such names of the Opinion Parties disclosed by such searches are set out in Schedule C.

 Stewart McKelvey 2017 Substantive Consolidation Opinion 

 

	13.	A Local Bankruptcy Court would not order or approve the substantive consolidation of the assets and liabilities of the Transferee with the assets and liabilities of any of the Relevant Entities. 

Thompson Dorman Sweatman LLP Opinions 

Thompson Dorman Sweatman 2017 Confirmation Opinion 
  

	1.	Registration of the security interest created by the Guarantee has been made, as of the Initial Closing Date, in all public offices provided for under the laws of the Province of Manitoba or the federal laws of Canada
applicable therein where such registration is necessary to preserve, protect or perfect the security interests created by the Guarantee and such registrations continue to be in effect. 

 

	2.	No further or subsequent recording, filing, indexing, entering or registering of the Guarantee will be necessary in the Province of Manitoba in order to continue the validity or perfection of the security interest
created under the Guarantee in the personal property to which the PPSA applies in which DPCD now has rights and in which DPCD hereafter acquires rights when these rights are acquired by DPCD until April 30, 2017. 

Loyens Loeff Opinions 
 Loyens 2017
Reliance Letter 
  

	1.	We confirm that you may rely on the Opinion Letter, subject to the assumptions and qualifications set out therein, as if it were addressed to you. The Opinion Letter may not be relied upon by or transmitted to any
person other than as permitted by the Opinion Letter, without our prior written consent. 

 Loyens 2012 Opinion 

 

	 	a.	The Company has been duly incorporated and is validly existing as a besloten vennootschap met beperkte aansprakelijkheid (private company with limited liability) under Dutch law. 

 

	 	b.	The Partnership has been formed and is existing as a commanditaire vennootschap (limited partnership) under Dutch law. 

	 	c.	The Company has the corporate power to execute and deliver the Opinion Documents (to the extent it is a party thereto) and to perform its obligations thereunder. 

 

	 	d.	The Partnership, acting through Domino’s GP, has the power to execute and deliver the Opinion Documents to which it is a party and to perform its obligations thereunder. 

 

	 	e.	The Opinion Documents have been duly authorised by all requisite corporate action on the part of, and have been duly executed and delivered by, the Company (to the extent it is a party thereto). 

 

	 	f.	Provided that the Opinion Documents have been duly authorised by all requisite corporate action on the part of, and have been duly executed and delivered by Domino’s GP on behalf of the Partnership, the Opinion
Documents have been duly executed and delivered by the Partnership. 

  

	 	g.	The choice of the laws of the State of New York, United States of America, as the law governing the contractual rights and obligations contained in the Contribution Agreements is valid and binding under Dutch law.

  

	 	h.	The choice of the laws of the State of Delaware, United States of America, as the law governing the contractual rights and obligations contained in the Distribution Agreements is valid and binding under Dutch law.

  

	 	i.	The contractual rights and obligations under the Opinion Documents constitute the legal, valid and binding obligations of the Company and the Partnership (to the extent it is a party thereto), enforceable against the
Company and the Partnership (to the extent it is a party thereto) in accordance with their terms. 

  

	 	j.	In case of any Dutch insolvency proceedings in the Netherlands with respect to the Company, the Partnership’s assets and liabilities should not be consolidated with those of the Company for purposes of such
proceedings. 

  

	 	k.	In case of any Dutch insolvency proceedings in the Netherlands with respect to the Company, each of Domino’s GP and Domino’s LP should be treated as separate entities from the Company and the respective assets
and liabilities of each of Domino’s GP’s and Domino’s LP’s assets and liabilities should not be consolidated with those of the Company for purposes of such proceedings. 

 

	 	l.	The execution and delivery by the Partnership, acting through Domino’s GP, of the Opinion Documents and the Company (to the extent it is a party thereto) of the Opinion Documents and the performance by the
Partnership, acting through Domino’s GP, and the Company (to the extent it is a party thereto) of their respective obligations thereunder do not conflict with or result in a violation of the Articles or the Partnership Agreement (as the case
may be) or the provisions of any published law, rule or regulation of general application of the Netherlands. 

	 	m.	No approval, authorisation or other action by, or filing with, any Dutch governmental, regulatory or supervisory authority or body, is required in connection with the execution by the Partnership, acting through
Domino’s GP, and the Company (to the extent it is a party thereto) of the Opinion Documents and the performance by the Company (to the extent it is a party thereto) and the Partnership, acting through Domino’s GP, of their respective
obligations thereunder, except that there may be reporting requirements to the Dutch Central Bank (De Nederlandsche Bank N.V.) on (inter alia) cross border payments pursuant to the Regulation of 4 February 2003 under the Act on Financial Foreign
Relations 1994 (Wet financiele betrekkingen buitenland 1994). Failure to observe the filing, disclosure or notification requirements mentioned above, does not affect the legality, validity or enforceability of the obligations of the Company or the
Partnership under the Opinion Documents. 

  

	 	n.	The Company and the Partnership are not entitled to any immunity from any legal proceedings in the Netherlands to enforce the Opinion Documents or any liability or obligation of the Company or the Partnership arising
thereunder. 

  

	 	o.	The consent to the jurisdiction of the state courts of the State of New York, United States of America as provided for in the Contribution Agreements is valid and binding upon the Company and the Partnership under Dutch
law, insofar as such laws are applicable, provided, however, that such consent does not preclude bringing claims for provisional measures before the provisional measures judge (voorzieningenrechter) of a competent court in the Netherlands.

  

	 	p.	The consent to the jurisdiction of the state courts of the State of Delaware, United States of America as provided for in the Distribution Agreements is valid and binding upon the Company and the Partnership under Dutch
law, insofar as such laws are applicable, provided, however, that such consent does not preclude bringing claims for provisional measures before the provisional measures judge (voorzieningenrechter) of a competent court in the Netherlands.

  

	 	q.	In the absence of an applicable treaty between the State of New York, United States of America and the Netherlands, a judgment rendered by a court of the State of New York, United States of America will not be enforced
by the courts in the Netherlands. In order to obtain a judgment which is enforceable in the Netherlands the claim must be relitigated before a competent Dutch court. A judgment rendered by a court of the State of New York, United States of America
pursuant to the Contribution Agreements will, under current practice, be recognised by a Dutch court (i) if that judgment results from proceedings compatible with Dutch concepts of due process, (ii) if that judgment does not contravene
public policy (ordre public) of the Netherlands and (iii) the jurisdiction of the court of the State of New York, United States of America has been based on an internationally acceptable ground. 

	 	r.	In the absence of an applicable treaty between the State of Delaware, United States of America and the Netherlands, a judgment rendered by a court of the State of Delaware, United States of America will not be enforced
by the courts in the Netherlands. In order to obtain a judgment which is enforceable in the Netherlands the claim must be relitigated before a competent Dutch court. A judgment rendered by a court of the State of Delaware, United States of America
pursuant to the Distribution Agreements will, under current practice, be recognised by a Dutch court (i) if that judgment results from proceedings compatible with Dutch concepts of due process, (ii) if that judgment does not contravene
public policy (ordre public) of the Netherlands and (iii) the jurisdiction of the court of the State of Delaware, United States of America has been based on an internationally acceptable ground. 

 Exhibit 2-E 

Capitalized terms used within this Exhibit 2-E shall have the meanings set forth in the respective opinion letters in which they will be delivered. 

Dentons US LLP Opinions 
 Dentons
2017 Opinion 
  

	1.	Citibank is, based upon a certificate of corporate existence issued by the Comptroller of the Currency, validly existing as a national banking association in good standing under the laws of the United States and has the
requisite entity power and authority to execute and deliver each Agreement to which it is a party and to perform its obligations thereunder. 

  

	2.	Each of the Agreements has been duly authorized by all requisite action, executed and delivered by the Trustee. 

  

	3.	Each of the Agreements, assuming (unless opined to herein) the necessary entity power and authority, authorization, execution, authentication, payment and delivery of and by each party thereto, is a valid and legally
binding agreement under the laws of the State of New York, enforceable thereunder in accordance with its terms against the Trustee. 

  

	4.	With respect to the Trustee, the performance of its obligations under each of the Agreements and the consummation of the transactions contemplated thereby will not result in any breach or violation of its articles of
association or bylaws. 

  

	5.	With respect to the Trustee, to our knowledge, there is no legal action, suit, proceeding or investigation before any court, agency or other governmental body pending or threatened (by written communication to it of a
present intention to initiate such action, suit, proceeding or investigation) against it which, either in one instance or in the aggregate, draws into question the validity of, seeks to prevent the consummation of any of the transactions
contemplated by or would impair materially its ability to perform its obligations under the Agreements. 

  

	6.	With respect to the Trustee, the performance of its obligations under each of the Agreements to which it is a party and the consummation of the transactions contemplated thereby do not require any consent, approval,
authorization or order of, filing with or notice to any United States federal or State of New York court, agency or other governmental body under any United States federal or State of New York statute or regulation that is normally applicable to
transactions of the type contemplated by the Agreements, except such as may be required under the securities laws of any State of the United States or such as have been obtained, effected or given. 

 

	7.	With respect to the Trustee, the performance of its obligations under each of the Agreements and the consummation of the transactions contemplated thereby will not result in any breach or violation by the Trustee of any
United States federal or State of New York statute or regulation that is normally applicable to transactions of the type contemplated by the Agreements. 

	8.	The Notes have been duly authenticated and delivered by the Trustee in accordance with the Indenture. 

Andrascik & Tita LLC Opinions 

Andrascik & Tita 2017 Opinion 
  

	1.	The Servicing Agreement constitutes a legal, valid and binding agreement of the Servicer enforceable in accordance with its terms against the Servicer subject to (i) applicable bankruptcy, insolvency, fraudulent
conveyance, receivership, conservatorship, reorganization, liquidation, moratorium, readjustment of debt or other similar laws affecting the enforcement of creditors’ rights generally, as such laws would apply in the event of the insolvency,
receivership, conservatorship, liquidation or reorganization of, or other similar occurrence with respect to the Servicer, or in the event of any moratorium or similar occurrence affecting the Servicer and (ii) general principles of equity,
including, without limitation, principles of commercial reasonableness, good faith and fair dealing (regardless of whether enforcement is sought in a proceeding at law or in equity), and except that the enforcement of rights with respect to
indemnification, limitations and releases of liability and covenants not to sue, and contribution obligations and provisions (a) purporting to waive or limit rights to trial by jury, oral amendments to written agreements or rights of set off,
(b) relating to submission to jurisdiction, venue or service of process, or (c) relating to severability clauses, may be limited by applicable law or considerations of public policy. 

Andrascik & Tita 2017 Negative Assurance Letter 
  

	1.	On the basis of our participation in the preparation of the Midland Offering Memorandum Section and, in the course of such preparation, in conferences, discussions and/or other communications with representatives of
Midland with respect thereto, and relying as to facts necessary to the determination of materiality to the extent we may do so in the exercise of our professional responsibility based upon the certificates and statements of officers and other
representatives of Midland and subject to the other matters set forth in this letter, during the course of such participation, no facts have come to our attention that caused us to believe that with respect to the Preliminary Offering Memorandum, as
of 2:32p.m. (New York City time) on June 12, 2017 with respect to the Offered Notes, which we have been informed by you was the time at which sales to investors of the Offered Notes were first made, or with respect to the Final Offering Memorandum,
as of its date and as of the date hereof, the information set forth in the Midland Offering Memorandum Section (other than any financial, statistical and/or accounting information contained in or omitted from the Midland Offering Memorandum Section,
as to which we do not comment), in each case to the extent that such information relates to Midland solely by virtue of its acting as Servicer under the Servicing Agreement, contained or contains an untrue statement of a material fact or omitted or
omits to state a material fact necessary to make the statements therein, in light of the circumstances under which they were made, not misleading. 

 In-House Counsel of Servicer Opinions 

Midlands 2017 Opinion 
  

	1.	PNC Bank is a national banking association duly organized, validly existing and in good standing under the laws of the United States of America, with full power and authority under such laws to enter into and perform
its obligations under the Servicing Agreement. 

  

	2.	The Servicing Agreement has been duly authorized, executed and delivered by PNC Bank. 

  

	3.	No consent, approval, authorization or order of any federal court, governmental agency or body is or was required in connection with the execution, delivery and performance by PNC Bank of the Servicing Agreement, except
for those consents, approvals, authorizations or orders that previously have been obtained. 

  

	4.	PNC Bank’s execution, delivery and fulfillment of the terms of the Servicing Agreement do not (a) conflict with or result in a violation of the Articles of Association or By-Laws of PNC Bank or
(b) violate applicable provisions of federal statutory laws or regulations known by me to be applicable to PNC Bank and to transactions of the type contemplated by the Servicing Agreement, the violation of which would have a material adverse
effect on the ability of PNC Bank to perform its obligations under the Servicing Agreement. 

  

	5.	PNC Bank’s execution, delivery and fulfillment of the terms of the Servicing Agreement do not result in a breach or violation of, or constitute a default or an event which, with the passing of time, the giving of
notice or both, would constitute a default under, or result in a right of acceleration of its obligations under, the terms of any indenture or other agreement or instrument known to me to which PNC Bank is a party or by which it is bound or any
order, judgment or decree of any federal or state court, administrative agency or governmental instrumentality known by me to be applicable to PNC Bank, the breach, violation, default or acceleration of which would have a material adverse effect on
the ability of PNC Bank to perform its obligations under the Servicing Agreement. 

  

	6.	To my knowledge, there are no actions, suits or proceedings against PNC Bank, pending before any federal or state court, governmental agency or arbitrator or overtly threatened in writing against PNC Bank which
challenge the enforceability or validity of the Servicing Agreement or any action taken or to be taken in connection with PNC Bank’s obligations contemplated therein or which, either individually or in the aggregate, is reasonably likely to
materially impair PNC Bank’s ability to perform under the terms of the Servicing Agreement. 

 In-House Counsel to
Back-Up Manager Opinions 
 FTI 2017 Opinion 
  

	1.	The Company has been duly incorporated and is validly existing as a corporation under the laws of the State of Maryland; and 

	2.	The addresses of this opinion shall be entitled to rely on the opinion issued by FTI on March 15, 2012. 

FTI 2012 Opinion 
  

	 	a.	The Company has been duly incorporated and is validly existing as a corporation under the laws of the State of Maryland. 

  

	 	b.	The Company has the requisite corporate power and authority to execute and deliver the Agreement and to perform its obligations thereunder. 

 

	 	c.	The execution and delivery of the Agreement by the Company, and the performance by the Company of its obligations thereunder, have been authorized by all requisite corporate action of the Company, and upon due execution
and delivery by the Company and all other parties thereto, will constitute a legal, valid and binding agreement of the Company, enforceable against the Company in accordance with its terms. 

 

	 	d.	Neither the execution and delivery of the Agreement by the Company nor the performance of the services contemplated thereby and compliance with the terms and conditions thereof by the Company will conflict with, result
in a breach or violation of, or constitute a default under, (a) the Articles of Incorporation, as restated, amended and supplemented, and By-Laws, as restated and amended, by the Company or (b) any applicable statute, rule or regulation to
which the Company is subject that would have a material adverse effect on (i) the ability of the Company to perform its obligations under the Agreement or (ii) the business, operations, assets, liabilities or financial condition of the
Company and its subsidiaries as a whole.EX-10.2

 Exhibit 10.2 

Execution Copy 
 CLASS A-1 NOTE PURCHASE AGREEMENT 
 (SERIES 2017-1 VARIABLE FUNDING
SENIOR NOTES, CLASS A-1) 
 dated as of June 12, 2017 

among 
 DOMINO’S PIZZA MASTER
ISSUER LLC, 
 DOMINO’S SPV CANADIAN HOLDING COMPANY INC., 

DOMINO’S PIZZA DISTRIBUTION LLC, and 

DOMINO’S IP HOLDER LLC, 
 each
as a Co-Issuer, 
 DOMINO’S PIZZA FRANCHISING LLC, 

DOMINO’S PIZZA INTERNATIONAL FRANCHISING INC., 

DOMINO’S PIZZA CANADIAN DISTRIBUTION ULC, 

DOMINO’S RE LLC, 

DOMINO’S EQ LLC, and 

DOMINO’S SPV GUARANTOR LLC 

each as a Guarantor, 

DOMINO’S PIZZA LLC, 
 as
Manager, 
 CERTAIN CONDUIT INVESTORS, 

each as a Conduit Investor, 

CERTAIN FINANCIAL INSTITUTIONS, 

each as a Committed Note Purchaser, 

CERTAIN FUNDING AGENTS, 

COÖPERATIEVE RABOBANK U.A., NEW YORK BRANCH, 

as L/C Provider, 

COÖPERATIEVE RABOBANK U.A., NEW YORK BRANCH, 

as Swingline Lender, 
 and 

COÖPERATIEVE RABOBANK U.A., NEW YORK BRANCH, 

as Administrative Agent 

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
		
	ARTICLE I DEFINITIONS	  	 	2	 
			
	    SECTION 1.01	  	DEFINITIONS	  	 	2	 
	    SECTION 1.02	  	DEFINED TERMS	  	 	3	 
		
	ARTICLE II PURCHASE AND SALE OF SERIES 2017-1 CLASS A-1 NOTES	  	 	14	 
			
	    SECTION 2.01	  	THE ADVANCE NOTES	  	 	14	 
	    SECTION 2.02	  	ADVANCES	  	 	14	 
	    SECTION 2.03	  	BORROWING PROCEDURES	  	 	16	 
	    SECTION 2.04	  	THE SERIES 2017-1 CLASS A-1 NOTES	  	 	18	 
	    SECTION 2.05	  	REDUCTION IN COMMITMENTS	  	 	19	 
	    SECTION 2.06	  	SWINGLINE COMMITMENT	  	 	22	 
	    SECTION 2.07	  	L/C COMMITMENT	  	 	25	 
	    SECTION 2.08	  	L/C REIMBURSEMENT OBLIGATIONS	  	 	29	 
	    SECTION 2.09	  	L/C PARTICIPATIONS	  	 	31	 
		
	ARTICLE III INTEREST AND FEES	  	 	32	 
			
	    SECTION 3.01	  	INTEREST	  	 	32	 
	    SECTION 3.02	  	FEES	  	 	34	 
	    SECTION 3.03	  	EURODOLLAR LENDING UNLAWFUL	  	 	35	 
	    SECTION 3.04	  	DEPOSITS UNAVAILABLE	  	 	35	 
	    SECTION 3.05	  	INCREASED COSTS, ETC.	  	 	35	 
	    SECTION 3.06	  	FUNDING LOSSES	  	 	36	 
	    SECTION 3.07	  	INCREASED CAPITAL OR LIQUIDITY COSTS	  	 	37	 
	    SECTION 3.08	  	TAXES	  	 	37	 
	    SECTION 3.09	  	CHANGE OF LENDING OFFICE	  	 	40	 
		
	ARTICLE IV OTHER PAYMENT TERMS	  	 	41	 
			
	    SECTION 4.01	  	TIME AND METHOD OF PAYMENT (AMOUNTS DISTRIBUTED BY THE ADMINISTRATIVE
AGENT)	  	 	41	 
	    SECTION 4.02	  	ORDER OF DISTRIBUTIONS (AMOUNTS DISTRIBUTED BY THE TRUSTEE OR THE
PAYING AGENT)	  	 	41	 
	    SECTION 4.03	  	L/C CASH COLLATERAL	  	 	42	 
	    SECTION 4.04	  	ALTERNATIVE ARRANGEMENTS WITH RESPECT TO LETTERS OF CREDIT	  	 	43	 
		
	ARTICLE V THE ADMINISTRATIVE AGENT AND THE FUNDING AGENTS	  	 	44	 
			
	    SECTION 5.01	  	AUTHORIZATION AND ACTION OF THE ADMINISTRATIVE AGENT	  	 	44	 
	    SECTION 5.02	  	DELEGATION OF DUTIES	  	 	44	 
	    SECTION 5.03	  	EXCULPATORY PROVISIONS	  	 	44	 
	    SECTION 5.04	  	RELIANCE	  	 	45	 
	    SECTION 5.05	  	NON-RELIANCE ON THE ADMINISTRATIVE AGENT AND OTHER
PURCHASERS	  	 	45	 
	    SECTION 5.06	  	THE ADMINISTRATIVE AGENT IN ITS INDIVIDUAL CAPACITY	  	 	45	 
	    SECTION 5.07	  	SUCCESSOR ADMINISTRATIVE AGENT; DEFAULTING ADMINISTRATIVE AGENT	  	 	45	 
	    SECTION 5.08	  	AUTHORIZATION AND ACTION OF FUNDING AGENTS	  	 	47	 
	    SECTION 5.09	  	DELEGATION OF DUTIES	  	 	48	 
	    SECTION 5.10	  	EXCULPATORY PROVISIONS	  	 	48	 
	    SECTION 5.11	  	RELIANCE	  	 	48	 
	    SECTION 5.12	  	NON-RELIANCE ON THE FUNDING AGENT AND OTHER
PURCHASERS	  	 	48	 
	    SECTION 5.13	  	THE FUNDING AGENT IN ITS INDIVIDUAL CAPACITY	  	 	49	 
	    SECTION 5.14	  	SUCCESSOR FUNDING AGENT	  	 	49	 
		
	ARTICLE VI REPRESENTATIONS AND WARRANTIES	  	 	49	 
			
	    SECTION 6.01	  	THE CO-ISSUERS AND GUARANTORS	  	 	49	 

  
 (i) 

							
	    SECTION 6.02	  	THE MANAGER	  	 	51	 
	    SECTION 6.03	  	LENDER PARTIES	  	 	51	 
		
	ARTICLE VII CONDITIONS	  	 	52	 
			
	    SECTION 7.01	  	CONDITIONS TO ISSUANCE AND EFFECTIVENESS	  	 	52	 
	    SECTION 7.02	  	CONDITIONS TO INITIAL EXTENSIONS OF CREDIT	  	 	53	 
	    SECTION 7.03	  	CONDITIONS TO EACH EXTENSION OF CREDIT	  	 	53	 
		
	ARTICLE VIII COVENANTS	  	 	54	 
			
	    SECTION 8.01	  	COVENANTS	  	 	54	 
		
	ARTICLE IX MISCELLANEOUS PROVISIONS	  	 	56	 
			
	    SECTION 9.01	  	AMENDMENTS	  	 	56	 
	    SECTION 9.02	  	NO WAIVER; REMEDIES	  	 	57	 
	    SECTION 9.03	  	BINDING ON SUCCESSORS AND ASSIGNS	  	 	58	 
	    SECTION 9.04	  	SURVIVAL OF AGREEMENT	  	 	59	 
	    SECTION 9.05	  	PAYMENT OF COSTS AND EXPENSES; INDEMNIFICATION	  	 	59	 
	    SECTION 9.06	  	CHARACTERIZATION AS RELATED DOCUMENT; ENTIRE AGREEMENT	  	 	62	 
	    SECTION 9.07	  	NOTICES	  	 	62	 
	    SECTION 9.08	  	SEVERABILITY OF PROVISIONS	  	 	62	 
	    SECTION 9.09	  	TAX CHARACTERIZATION	  	 	62	 
	    SECTION 9.10	  	NO PROCEEDINGS; LIMITED RECOURSE	  	 	62	 
	    SECTION 9.11	  	CONFIDENTIALITY	  	 	64	 
	    SECTION 9.12	  	GOVERNING LAW; CONFLICTS WITH INDENTURE	  	 	64	 
	    SECTION 9.13	  	JURISDICTION	  	 	64	 
	    SECTION 9.14	  	WAIVER OF JURY TRIAL	  	 	65	 
	    SECTION 9.15	  	COUNTERPARTS	  	 	65	 
	    SECTION 9.16	  	THIRD-PARTY BENEFICIARY	  	 	65	 
	    SECTION 9.17	  	ASSIGNMENT	  	 	65	 
	    SECTION 9.18	  	DEFAULTING INVESTORS	  	 	67	 
	    SECTION 9.19	  	NO FIDUCIARY DUTIES	  	 	70	 
	    SECTION 9.20	  	NO GUARANTEE BY THE MANAGER	  	 	71	 
	    SECTION 9.21	  	TERM; TERMINATION OF AGREEMENT	  	 	71	 
	    SECTION 9.22	  	ACKNOWLEDGEMENT AND CONSENT TO BAIL-IN OF EEA FINANCIAL
INSTITUTIONS	  	 	71	 
	    SECTION 9.23	  	[RESERVED]	  	 	71	 
	    SECTION 9.24	  	USA PATRIOT ACT	  	 	71	 
	    SECTION 9.25	  	CONSENT TO SPRINGING AMENDMENT	  	 	72	 

  
 (ii) 

 SCHEDULES AND EXHIBITS 
  

			
	SCHEDULE I	  	Investor Groups and Commitments
	SCHEDULE II	  	Notice Addresses for Lender Parties, Agents, Co-Issuers and Manager
	SCHEDULE III	  	Additional Closing Conditions
	SCHEDULE IV	  	Letters of Credit
	EXHIBIT A-1	  	Form of Advance Request
	EXHIBIT A-2	  	Form of Swingline Loan Request
	EXHIBIT B	  	Form of Assignment and Assumption Agreement
	EXHIBIT C	  	Form of Investor Group Supplement
	EXHIBIT D	  	Form of Purchaser’s Letter
	EXHIBIT E	  	Form of Joinder Agreement

  
 (iii) 

 CLASS A-1 NOTE PURCHASE AGREEMENT 

THIS CLASS A-1 NOTE PURCHASE AGREEMENT, dated as of June 12, 2017 (as amended, supplemented,
amended and restated or otherwise modified from time to time in accordance with the terms hereof, this “Agreement”), is made by and among: 

(a) DOMINO’S PIZZA MASTER ISSUER LLC, a Delaware limited liability company (the “Master Issuer”), DOMINO’S SPV
CANADIAN HOLDING COMPANY INC., a Delaware corporation (the “SPV Canadian HoldCo”), DOMINO’S PIZZA DISTRIBUTION LLC, a Delaware limited liability company (the “Domestic Distributor”), and DOMINO’S IP HOLDER
LLC, a Delaware limited liability company (the “IP Holder” and together with the Master Issuer, the SPV Canadian HoldCo and the Domestic Distributor, the “Co-Issuers” and each
a “Co-Issuer”), 
 (b) DOMINO’S PIZZA FRANCHISING LLC, a Delaware limited
liability company and a wholly-owned subsidiary of the Master Issuer (the “Domestic Franchisor”), DOMINO’S PIZZA INTERNATIONAL FRANCHISING INC., a Delaware corporation and a wholly-owned subsidiary of the Master Issuer (the
“International Franchisor”), DOMINO’S PIZZA CANADIAN DISTRIBUTION ULC, a Nova Scotia unlimited company and a wholly-owned subsidiary of the SPV Canadian HoldCo (the “Canadian Distributor”), DOMINO’S RE
LLC, a Delaware limited liability company and a wholly-owned subsidiary of the Domestic Franchisor (the “Domestic Distribution Real Estate Holder”), DOMINO’S EQ LLC, a Delaware limited liability company and a wholly-owned
subsidiary of the Domestic Distributor (the “Domestic Distribution Equipment Holder”) and DOMINO’S SPV GUARANTOR LLC (the “SPV Guarantor” and together with the Domestic Franchisor, the International Franchisor,
the Domestic Distribution Real Estate Holder, the Domestic Distribution Equipment Holder and the Canadian Distributor, the “Guarantors”) 

(c) DOMINO’S PIZZA LLC, a Michigan limited liability company, as the manager (the “Manager”), 

(d) the several commercial paper conduits listed on Schedule I as Conduit Investors and their respective permitted successors and assigns
(each, a “Conduit Investor” and, collectively, the “Conduit Investors”), 
 (e) the several financial
institutions listed on Schedule I as Committed Note Purchasers and their respective permitted successors and assigns (each, a “Committed Note Purchaser” and, collectively, the “Committed Note Purchasers”), 

(f) for each Investor Group, the financial institution entitled to act on behalf of the Investor Group set forth opposite the name of such
Investor Group on Schedule I as Funding Agent and its permitted successors and assigns (each, the “Funding Agent” with respect to such Investor Group and, collectively, the “Funding Agents”), 

(g) COÖPERATIEVE RABOBANK U.A., NEW YORK BRANCH, as L/C Provider, 

 (h) COÖPERATIEVE RABOBANK U.A., NEW YORK BRANCH, as Swingline Lender, and 

(i) COÖPERATIEVE RABOBANK U.A., NEW YORK BRANCH, in its capacity as administrative agent for the Conduit Investors, the Committed Note
Purchasers, the Funding Agents, the L/C Provider and the Swingline Lender (together with its permitted successors and assigns in such capacity, the “Administrative Agent”). 

BACKGROUND 
 1. On or
around July 24, 2017, the Co-Issuers and Citibank, N.A., as Trustee, expect to enter into the Series 2017-1 Supplement (as the same may be amended, supplemented,
amended and restated or otherwise modified from time to time in accordance with the terms thereof, the “Series 2017-1 Supplement”), to the Amended and Restated Base Indenture, dated as of
March 15, 2012 (as the same may be further amended, supplemented, amended and restated or otherwise modified from time to time in accordance with the terms thereof, the “Base Indenture” and, together with the Series 2017-1 Supplement and any other supplement to the Base Indenture, the “Indenture”), among the Co-Issuers and the Trustee, pursuant to which the Co-Issuers will issue the Series 2017-1 Class A-1 Notes (as defined in the Series 2017-1
Supplement) in accordance with the Indenture. 
 2. The Co-Issuers wish to (a) issue the
Series 2017-1 Class A-1 Advance Notes to each Funding Agent on behalf of the Investors in the related Investor Group, and obtain the agreement of the applicable
Investors to make loans from time to time (each, an “Advance” or a “Series 2017-1 Class A-1 Advance” and,
collectively, the “Advances” or the “Series 2017-1 Class A-1 Advances”) that will constitute the purchase of Series 2017-1 Class A-1 Outstanding Principal Amounts on the terms and conditions set forth in this Agreement; (b) issue the Series
2017-1 Class A-1 Swingline Note to the Swingline Lender and obtain the agreement of the Swingline Lender to make Swingline Loans on the terms and conditions set
forth in this Agreement; and (c) issue the Series 2017-1 Class A-1 L/C Note to the L/C Provider and obtain the agreement of the L/C Provider to provide Letters
of Credit on the terms and conditions set forth in this Agreement. L/C Obligations in connection with Letters of Credit issued pursuant to the Series 2017-1
Class A-1 L/C Note will constitute purchases of Series 2017-1 Class A-1 Outstanding Principal Amounts upon the
incurrence of such L/C Obligations. The Series 2017-1 Class A-1 Advance Notes, the Series 2017-1 Class A-1 Swingline Note and the Series 2017-1 Class A-1 L/C Note constitute Series
2017-1 Class A-1 Notes. The Manager has joined in this Agreement to confirm certain representations, warranties and covenants made by it in favor of the Trustee for
the benefit of the Noteholders in the Related Documents. 
 ARTICLE I 

DEFINITIONS 

Section 1.01 Definitions. As used in this Agreement and unless the context requires a different meaning, capitalized terms used but not
defined herein (including the preamble and the recitals hereto) shall have the meanings assigned to such terms in the Series 2017-1 Supplemental Definitions List attached to the Series 2017-1 Supplement as Annex A thereto or in the Base Indenture 

  
 2 

 
Definitions List attached to the Base Indenture as Annex A thereto, as applicable. Certain definitions in the Series 2017-1 Supplemental Definitions
List are repeated in Section 1.02 for convenience; however, in the event of any conflict between the definitions in the Series 2017-1 Supplemental Definitions List and the
definitions in Section 1.02, the Series 2017-1 Supplemental Definitions List shall govern except for the definition of “Change in Law”. Unless otherwise specified herein,
all Article, Exhibit, Section or Subsection references herein shall refer to Articles, Exhibits, Sections or Subsections of this Agreement. 

Section 1.02 Defined terms. 

“Acquiring Committed Note Purchaser” has the meaning set forth in Section 9.17(a). 

“Acquiring Investor Group” has the meaning set forth in Section 9.17(c). 

“Additional Committed Note Purchaser” has the meaning set forth in Section 2.02. 

“Administrative Agent Indemnified Parties” has the meaning set forth in Section 9.05(d). 

“Advance” has the meaning set forth in the Recitals. 

“Advance Request” has the meaning set forth in Section 7.03(c). 

“Affected Person” has the meaning set forth in Section 3.05. 

“Agent Indemnified Liabilities” has the meaning set forth in Section 9.05(c). 

“Agent Indemnified Parties” has the meaning set forth in Section 9.05(c). 

“Aggregate Unpaids” has the meaning set forth in Section 5.01. 

“Applicable Agent Indemnified Liabilities” has the meaning set forth in Section 9.05(d). 

“Applicable Agent Indemnified Parties” has the meaning set forth in Section 9.05(d). 

“Application” means an application, in such form as the applicable L/C Issuing Bank may specify from time to time, requesting
such L/C Issuing Bank to issue a Letter of Credit. 
 “Assignment and Assumption Agreement” has the meaning set forth in
Section 9.17(a). 
 “Bail-In Action” means the exercise
of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution. 

  
 3 

 “Bail-In Legislation” means, with
respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule. 
 “Base Rate” means, for any day a fluctuating rate per
annum equal to (i) the highest of (a) the Federal Funds Rate plus 1/2 of 1%, (b) the rate of interest in effect for such day as established from time to time by the Administrative Agent as its “prime rate” at its principal U.S.
office, and (c) the Eurodollar Base Rate (Reserve Adjusted) applicable to one month Interest Periods on the date of determination of the Base Rate plus 0.50% plus (ii) 1.80% for an Advance and 1.30% for a Swingline Loan; provided that
the Base Rate will in no event be higher than the maximum rate permitted by applicable Law. The “prime rate” is a rate set by the Administrative Agent based upon various factors including the Administrative Agent’s costs and desired
return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above, or below such announced rate. Any change in such prime rate established by the Administrative Agent shall
take effect at the opening of business on the day such change is effective. 
 “Base Rate Advance” means an Advance that
bears interest at a rate of interest determined by reference to the Base Rate during such time as it bears interest at such rate, as provided in this Agreement. 

“Borrowing” has the meaning set forth in Section 2.02(c). 

“Breakage Amount” has the meaning set forth in Section 3.06. 

“Cash Collateral Account” has the meaning set forth in Section 4.03(b). 

“Change in Law” means (a) any law, rule or regulation or any change therein or in the interpretation or application
thereof (whether or not having the force of law), in each case, adopted, issued or occurring after the Series 2017-1 Closing Date or (b) any request, guideline or directive (whether or not having the
force of law) from any government or political subdivision or agency, authority, bureau, central bank, commission, department or instrumentality thereof, or any court, tribunal, grand jury or arbitrator, or any accounting board or authority (whether
or not a Governmental Authority) which is responsible for the establishment or interpretation of national or international accounting principles, in each case, whether foreign or domestic (each, an “Official Body”) charged with the
administration, interpretation or application thereof, or the compliance with any request or directive of any Official Body (whether or not having the force of law) made, issued or occurring after the Series
2017-1 Closing Date; provided, however, for purposes of this definition, (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all regulations, requests, guidelines or
directives issued in connection therewith and (ii) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the
United States or foreign regulatory authorities, in each case, pursuant to Basel III, are deemed to have gone into effect and been adopted subsequent to the date hereof. 

  
 4 

 “Class A-1 Amendment
Expenses” has the meaning set forth in Section 9.05(a)(ii). 
 “Class A-1 Taxes” has the meaning set forth in Section 3.08(a). 

“Commercial Paper” means, with respect to any Conduit Investor, the promissory notes issued in the commercial paper market by
or for the benefit of such Conduit Investor. 
 “Commitment Amount” means, as to each Committed Note Purchaser, the amount
set forth on Schedule I opposite such Committed Note Purchaser’s name as its Commitment Amount or, in the case of a Committed Note Purchaser that becomes a party to this Agreement pursuant to an Assignment and Assumption Agreement, an
Investor Group Supplement or a Joinder Agreement, the amount set forth therein as such Committed Note Purchaser’s Commitment Amount, in each case, as such amount may be (i) reduced pursuant to Section 2.05 or
(ii) increased or reduced by any Assignment and Assumption Agreement or Investor Group Supplement entered into by such Committed Note Purchaser in accordance with the terms of this Agreement. 

“Commitment Percentage” means, on any date of determination, with respect to any Investor Group, the ratio, expressed as a
percentage, which such Investor Group’s Maximum Investor Group Principal Amount bears to the Series 2017-1 Class A-1 Maximum Principal Amount on such date.

 “Commitments” means the obligations of each Committed Note Purchaser included in each Investor Group to fund Advances
pursuant to Section 2.02(a) and to participate in Swingline Loans and Letters of Credit pursuant to Sections 2.06 and 2.08, respectively, in an aggregate stated amount up to its Commitment Amount. 

“Commitment Term” means the period from and including the Series 2017-1 Closing Date
to but excluding the earlier of (a) the Commitment Termination Date and (b) the date on which the Commitments are terminated or reduced to zero in accordance with this Agreement. 

“Commitment Termination Date” means the Series 2017-1
Class A-1 Senior Notes Renewal Date (as such date may be extended pursuant to Section 3.6(b) of the Series 2017-1 Supplement). 

“Committed Note Purchaser” has the meaning set forth in the preamble. 

“Committed Note Purchaser Percentage” means, on any date of determination, with respect to any Committed Note Purchaser in
any Investor Group, the ratio, expressed as a percentage, which the Commitment Amount of such Committed Note Purchaser bears to such Investor Group’s Maximum Investor Group Principal Amount on such date. 

“Conduit Assignee” means, with respect to any Conduit Investor, any commercial paper conduit whose Commercial Paper is rated
by at least two of the Specified Rating Agencies and is rated at least “A-1” from S&P Global Ratings, “P-1” from Moody’s and/or
“F1” from Fitch, as applicable, that is administered by the Funding Agent with respect to such Conduit 

  
 5 

 
Investor or any Affiliate of such Funding Agent, in each case, designated by such Funding Agent to accept an assignment from such Conduit Investor of the Investor Group Principal Amount or a
portion thereof with respect to such Conduit Investor pursuant to Section 9.17(b). 
 “Conduit
Investor” has the meaning set forth in the preamble. 
 “Confidential Information” for the purposes of this
Agreement has the meaning set forth in Section 9.11. 
 “CP Advance” means an Advance that bears
interest at a rate of interest determined by reference to the CP Rate during such time as it bears interest at such rate, as provided in this Agreement. 

“CP Funding Rate” means, with respect to each Conduit Investor, for any day during any Interest Period, for any portion of
the Advances funded or maintained through the issuance of Commercial Paper by such Conduit Investor, the per annum rate equivalent to the weighted average cost (as determined by the related Funding Agent, and which shall include (without
duplication) the fees and commissions of placement agents and dealers, incremental carrying costs incurred with respect to Commercial Paper maturing on dates other than those on which corresponding funds are received by such Conduit Investor, other
borrowings by such Conduit Investor and any other costs associated with the issuance of Commercial Paper) of or related to the issuance of Commercial Paper that are allocated, in whole or in part, by such Conduit Investor or its related Funding
Agent to fund or maintain such Advances for such Interest Period (and which may also be allocated in part to the funding of other assets of the Conduit Investor); provided, however, that if any component of any such rate is a discount rate, in
calculating the “CP Funding Rate” for such Advances for such Interest Period, the related Funding Agent shall for such component use the rate resulting from converting such discount rate to an interest bearing equivalent rate per annum.

 “CP Rate” means, on any day during any Interest Period, an interest rate per annum equal to the sum of (i) the CP
Funding Rate for such Interest Period plus (ii) 1.80% for an Advance and 1.30% for a Swingline Loan; provided that the CP Rate will in no event be higher than the maximum rate permitted by applicable law. 

“Defaulting Administrative Agent Event” has the meaning set forth in Section 5.07(b). 

“Defaulting Investor” means any Investor that has (a) failed to make a payment required to be made by it under the terms
of this Agreement within one (1) Business Day of the day such payment is required to be made by such Investor thereunder, (b) notified the Administrative Agent in writing that it does not intend to make any payment required to be made by
it under the terms of this Agreement within one (1) Business Day of the day such payment is required to be made by such Investor thereunder or (c) become the subject of an Event of Bankruptcy. 

“EEA Financial Institution” means (a) any credit institution or investment firm established in any EEA Member Country
which is subject to the supervision of an EEA Resolution Authority; (b) any entity established in an EEA Member Country which is a parent of 

  
 6 

 
an institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described
in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent. 
 “EEA
Member Country” means any of the member states of the European Union, Iceland, Liechtenstein and Norway. 
 “EEA Resolution
Authority” means any public administrative authority or any person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution.

 “Eligible Conduit Investor” means, at any time, any Conduit Investor whose Commercial Paper at such time is rated by at
least two of the Specified Rating Agencies and is rated at least “A-1” from S&P Global Ratings, “P-1” from Moody’s and/or “F1”
from Fitch, as applicable. 
 “EU Bail-In Legislation Schedule” means the EU Bail-In Legislative Schedule published by the Loan Market Association (or any successor person), as in effect from time to time. 

“Eurodollar Advance” means an Advance that bears interest at a rate of interest determined by reference to the Eurodollar
Rate during such time as it bears interest at such rate, as provided in this Agreement. 
 “Eurodollar Business Day” means
any Business Day on which dealings are also carried on in the London interbank market and banks are open for business in London. 

“Eurodollar Funding Rate” means, for any Eurodollar Interest Period, the rate per annum determined by the Administrative
Agent at approximately 11:00 a.m. (London time) on the date that is two (2) Eurodollar Business Days prior to the beginning of such Eurodollar Interest Period by reference to the London interbank offered rate administered by ICE Benchmark
Administration (or any other Person that takes over the administration of such rate) for U.S. Dollars for a period equal in length to such Eurodollar Interest Period as displayed on pages LIBOR01 or LIBOR02 of the Reuters screen or, in the event
such rate does not appear on either of such Reuters pages, on any successor or substitute page on such screen that displays such rate, or on the appropriate page of such other information service that publishes such rate as shall be selected by the
Administrative Agent from time to time in its reasonable discretion; provided that, to the extent that an interest rate is not ascertainable pursuant to the foregoing provisions of this definition, the “Eurodollar Funding Rate”
shall be the rate (rounded upward, if necessary, to the nearest one hundred-thousandth of a percentage point), determined by the Administrative Agent to be the average of the offered rates for deposits in U.S. Dollars in the amount of $1,000,000 for
a period of time comparable to such Eurodollar Interest Period which are offered by three leading banks in the London interbank market at approximately 11:00 a.m. (London time) on the date that is two (2) Eurodollar Business Days prior to the
beginning of such Eurodollar Interest Period as selected by the Administrative Agent (unless the Administrative Agent is unable to obtain such rates from such banks, in which case it will be deemed that a Eurodollar Funding Rate cannot be
ascertained for purposes of Section 3.04). In 

  
 7 

 
respect of any Eurodollar Interest Period that is less than one (1) month in duration and if no Eurodollar Funding Rate is otherwise determinable with respect thereto in accordance with the
preceding sentence of this definition, the Eurodollar Funding Rate shall be determined through the use of straight-line interpolation by reference to two rates calculated in accordance with the preceding sentence, one of which shall be determined as
if the maturity of the U.S. Dollar deposits referred to therein were the period of time for which rates are available next shorter than the Eurodollar Interest Period and the other of which shall be determined as if such maturity were the
period of time for which rates are available next longer than the Eurodollar Interest Period. 
 “Eurodollar Funding Rate (Reserve
Adjusted)” means, for any Eurodollar Interest Period, an interest rate per annum (rounded upward to the nearest 1/100th of 1%) determined pursuant to the following formula: 

 

							
	 Eurodollar Funding Rate
  
	 	=	 		  	 Eurodollar Funding Rate

 

	(Reserve Adjusted)	 		 		  	  1.00 - Eurodollar Reserve Percentage

 The Eurodollar Funding Rate (Reserve Adjusted) for any Eurodollar Interest Period will be determined by the
Administrative Agent on the basis of the Eurodollar Reserve Percentage in effect two (2) Eurodollar Business Days before the first day of such Eurodollar Interest Period. 

“Eurodollar Interest Period” means, with respect to any Eurodollar Advance, the period commencing on and including the
Eurodollar Business Day such Advance first becomes a Eurodollar Advance in accordance with Section 3.01(b) and ending on but excluding a date, as elected by the Master Issuer pursuant to such
Section 3.01(b), that is either (i) one (1) month subsequent to such date, (ii) two (2) months subsequent to such date, (iii) three (3) months subsequent to such date or (iv) six (6) months subsequent to
such date, or such other time period subsequent to such date not to exceed six months as agreed upon by the Master Issuer and the Administrative Agent; provided, however, that (i) no Eurodollar Interest Period may end subsequent
to the second Business Day before the Accounting Date occurring immediately prior to the then-current Series 2017-1 Class A-1 Senior Notes Renewal Date and
(ii) upon the occurrence and during the continuation of any Rapid Amortization Period or any Event of Default, any Eurodollar Interest Period with respect to the Eurodollar Advances of all Investor Groups may be terminated at the end of the
then-current Eurodollar Interest Period (or, if the Class A-1 Senior Notes have been accelerated in accordance with Section 9.2 of the Base Indenture, immediately), at the election of the
Administrative Agent or Investor Groups holding in the aggregate more than 50% of the Eurodollar Tranche, by notice to the Co-Issuers, the Manager, the Control Party and the Funding Agents, and upon such
election the Eurodollar Advances in respect of which interest was calculated by reference to such terminated Eurodollar Interest Period shall be converted to Base Rate Advances. 

“Eurodollar Rate” means, on any day during any Eurodollar Interest Period, an interest rate per annum equal to the sum of
(i) the Eurodollar Funding Rate (Reserve Adjusted) for such Eurodollar Interest Period plus (ii) 1.80% for an Advance and 1.30% for a Swingline Loan; provided that the Eurodollar Rate will in no event be higher than the maximum rate
permitted by applicable Law. 

  
 8 

 “Eurodollar Reserve Percentage” means, for any Eurodollar Interest Period, the
reserve percentage (expressed as a decimal) equal to the maximum aggregate reserve requirements (including all basic, emergency, supplemental, marginal and other reserves and taking into account any transitional adjustments or other scheduled
changes in reserve requirements) specified under regulations issued from time to time by the F.R.S. Board and then applicable to liabilities or assets constituting “Eurocurrency Liabilities,” as currently defined in Regulation D of the
F.R.S. Board, having a term approximately equal or comparable to such Eurodollar Interest Period. 
 “Eurodollar Tranche”
means any portion of the Series 2017-1 Class A-1 Outstanding Principal Amount funded or maintained with Eurodollar Advances. 

“Extension Fees” has the meaning given to such term in the Class A-1 VFN Fee
Letter. 
 “FATCA” means (a) Sections 1471 through 1474 of the Code as of the date of this Agreement (or any amended
or successor version that is substantively comparable and not materially more onerous to comply with) and any current or future Treasury regulations thereunder or official interpretations thereof, (b) any treaty, law, regulation or other
official guidance enacted in any other jurisdiction, or relating to an intergovernmental agreement between the United States and any other jurisdiction with the purpose (in either case) of facilitating the implementation of (a) above, or
(c) any agreement pursuant to the implementation of paragraphs (a) or (b) above with the U.S. Internal Revenue Service or any other Governmental Authority in the United States. 

“FCPA” has the meaning set forth in Section 6.01(h). 

“Federal Funds Rate” means, for any specified period, a fluctuating interest rate per annum equal for each day during such
period to the weighted average of the overnight federal funds rates as published in Federal Reserve Board Statistical Release H.15(519) or any successor or substitute publication selected by the Administrative Agent (or, if such day is not a
Business Day, for the next preceding Business Day), or if, for any reason, such rate is not available on any day, the rate determined, in the reasonable opinion of the Administrative Agent, to be the rate at which overnight federal funds are being
offered in the national federal funds market at 9:00 a.m. (New York City time). 
 “Fitch” means Fitch, Inc., doing
business as Fitch Ratings, or any successor thereto. “F.R.S. Board” means the Board of Governors of the Federal Reserve System. “Funding Agent” has the meaning set forth in the preamble. 

“Increased Capital Costs” has the meaning set forth in Section 3.07. 

“Increased Costs” has the meaning set forth in Section 3.05. 

“Increased Tax Costs” has the meaning set forth in Section 3.08. 

  
 9 

 “Indemnified Liabilities” has the meaning set forth in
Section 9.05(b). 
 “Indemnified Parties” has the meaning set forth in
Section 9.05(b). 
 “Interest Reserve Letter of Credit” means any letter of credit issued
hereunder for the benefit of the Trustee and the Senior Noteholders or the Senior Subordinated Noteholders, as applicable. 

“Investor” means any one of the Conduit Investors and the Committed Note Purchasers and “Investors” means the
Conduit Investors and the Committed Note Purchasers collectively. 
 “Investor Group” means (i) for each Conduit
Investor, collectively, such Conduit Investor, the related Committed Note Purchaser(s) set forth opposite the name of such Conduit Investor on Schedule I (or, if applicable, set forth for such Conduit Investor in the Assignment and Assumption
Agreement, Investor Group Supplement or Joinder Agreement pursuant to which such Conduit Investor or Committed Note Purchaser becomes a party thereto), any related Program Support Provider(s) and the related Funding Agent (which shall constitute the
Series 2017-1 Class A-1 Noteholder for such Investor Group) and (ii) for each other Committed Note Purchaser that is not related to a Conduit Investor,
collectively, such Committed Note Purchaser, any related Program Support Provider(s) and the related Funding Agent (which shall constitute the Series 2017-1
Class A-1 Noteholder for such Investor Group). 
 “Investor Group Increase
Amount” means, with respect to any Investor Group, for any Business Day, the portion of the Increase, if any, actually funded by such Investor Group on such Business Day. 

“Investor Group Principal Amount” means, with respect to any Investor Group, (a) when used with respect to the Series 2017-1 Closing Date, an amount equal to (i) such Investor Group’s Commitment Percentage of the Series 2017-1 Class A-1
Initial Advance Principal Amount, plus (ii) such Investor Group’s Commitment Percentage of the Series 2017-1 Class A-1 Outstanding Subfacility
Amount outstanding on the Series 2017-1 Closing Date, and (b) when used with respect to any other date, an amount equal to (i) the Investor Group Principal Amount with respect to such Investor Group
on the immediately preceding Business Day (excluding any Series 2017-1 Class A-1 Outstanding Subfacility Amount included therein), plus (ii) the
Investor Group Increase Amount with respect to such Investor Group on such date, minus (iii) the amount of principal payments made to such Investor Group on the Series 2017-1 Class A-1 Advance Notes on such date, plus (iv) such Investor Group’s Commitment Percentage of the Series 2017-1
Class A-1 Outstanding Subfacility Amount outstanding on such date. 
 “Investor Group
Supplement” has the meaning set forth in Section 9.17(c). 
 “Joinder Agreement” means a
Joinder Agreement in the form attached hereto as Exhibit E. 
 “L/C Commitment” means the obligation of the L/C
Provider to provide Letters of Credit pursuant to Section 2.07, in an aggregate Undrawn L/C Face Amount, together with any Unreimbursed L/C Drawings, at any one time outstanding not to exceed $100,000,000, as such amount
may be reduced or increased pursuant to Section 2.07(g) or reduced pursuant to Section 2.05(b). 

  
 10 

 “L/C Issuing Bank” has the meaning set forth in
Section 2.07(h). 
 “L/C Obligations” means, at any time, an amount equal to the sum of
(i) any Undrawn L/C Face Amounts outstanding at such time and (ii) any Unreimbursed L/C Drawings outstanding at such time. 

“L/C Other Reimbursement Amounts” has the meaning set forth in Section 2.08(a). 

“L/C Provider” means Coöperatieve Rabobank U.A., New York Branch, in its capacity as provider of any Letter of Credit
under this Agreement, and its permitted successors and assigns in such capacity. 
 “L/C Quarterly Fees” has the meaning
set forth in Section 2.07(d). 
 “L/C Reimbursement Amount” has the meaning set forth in
Section 2.08(a). 
 “Lender Party” means any Investor, the Swingline Lender or the L/C Provider
and “Lender Parties” means the Investors, the Swingline Lender and the L/C Provider, collectively. 
 “Letter of
Credit” has the meaning set forth in Section 2.07(a). 
 “Margin Stock” means
“margin stock” as defined in Regulation U of the F.R.S. Board, as amended from time to time. 
 “Maximum Investor Group
Principal Amount” means, as to each Investor Group existing on the Series 2017-1 Closing Date, the amount set forth on Schedule I to this Agreement as such Investor Group’s Maximum
Investor Group Principal Amount or, in the case of any other Investor Group, the amount set forth as such Investor Group’s Maximum Investor Group Principal Amount in the Assignment and Assumption Agreement, Investor Group Supplement or Joinder
Agreement by which the members of such Investor Group become parties to this Agreement, in each case, as such amount may be (i) reduced pursuant to Section 2.05 of this Agreement or (ii) increased or reduced by
any Assignment and Assumption Agreement, Investor Group Supplement or Joinder Agreement entered into by the members of such Investor Group in accordance with the terms of this Agreement. 

“Money Laundering Laws” has the meaning set forth in Section 6.01(i). 

“Non-Excluded Taxes” has the meaning set forth in
Section 3.08(a). 
 “Non-Funding Committed Notes
Purchaser” has the meaning set forth in Section 2.02(a). 
 “OFAC” has the meaning set
forth in Section 6.01(j). 

  
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 “Official Body” has the meaning set forth in the definition of “Change in
Law.” 
 “Other Class A-1 Transaction Expenses” means all
amounts payable pursuant to Section 9.05, including Pre-Closing Costs, Out-of-Pocket Expenses and Other
Post-Closing Expenses, but excluding Class A-1 Amendment Expenses. 
 “Other
Post-Closing Expenses” has the meaning set forth in Section 9.05(a). 
 “Out-of-Pocket Expenses” has the meaning set forth in Section 9.05(a). 

“Parent Companies” means, collectively, Domino’s Pizza, Inc., a Delaware corporation, and Domino’s Inc., a Delaware
corporation. 
 “Pre-Closing Costs” has the meaning set forth in
Section 9.05(a)(i). 
 “Program Support Agreement” means, with respect to any Investor, any
agreement entered into by any Program Support Provider in respect of any Commercial Paper and/or Series 2017-1 Class A-1 Note of such Investor providing for the
issuance of one or more letters of credit for the account of such Investor, the issuance of one or more insurance policies for which such Investor is obligated to reimburse the applicable Program Support Provider for any drawings thereunder, the
sale by such Investor to any Program Support Provider of the Series 2017-1 Class A-1 Notes (or portions thereof or interests therein) and/or the making of loans
and/or other extensions of credit to such Investor in connection with such Investor’s securitization program, together with any letter of credit, insurance policy or other instrument issued thereunder or guaranty thereof (but excluding any
discretionary advance facility provided by a Committed Note Purchaser). 
 “Program Support Provider” means, with respect
to any Investor, any financial institutions and any other or additional Person now or hereafter extending credit or having a commitment to extend credit to or for the account of, and/or agreeing to make purchases from, such Investor in respect of
such Investor’s Commercial Paper and/or Series 2017-1 Class A-1 Note, and/or agreeing to issue a letter of credit or insurance policy or other instrument to
support any obligations arising under or in connection with such Investor’s securitization program as it relates to any Commercial Paper issued by such Investor, and/or holding equity interests in such Investor, in each case pursuant to a
Program Support Agreement, and any guarantor of any such Person. 
 “Reimbursement Obligation” means the obligation of the Co-Issuers to reimburse the L/C Provider pursuant to Section 2.08 for amounts drawn under Letters of Credit. 

“Required Expiration Date” had the meaning set forth in Section 2.07(a). 

“Resolution Authority” means any public administrative authority or any person entrusted with public administrative authority
of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 

“Sale Notice” has the meaning set forth in Section 9.18(b). 

  
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 “Sanctions” has the meaning set forth in
Section 6.01(j). 
 “Series 2017-1 Class A-1 Allocated Payment Reduction Amount” has the meaning set forth in Section 2.05(b)(iv). 

“Series 2017-1 Class A-1 Senior
Notes Other Amounts” means, as of any date of determination, the aggregate unpaid Breakage Amount, Indemnified Liabilities, Agent Indemnified Liabilities, Increased Capital Costs, Increased Costs, Increased Tax Costs, Pre-Closing Costs, Other Post-Closing Expenses, Out-of-Pocket Expenses, Upfront Commitment Fees and Extension Fees then due and
payable. For purposes of the Base Indenture, the “Series 2017-1 Class A-1 Senior Notes Other Amounts” shall be deemed to be
“Class A-1 Notes Other Amounts.” 
 “Solvent” means, with respect to
any Person as of any date of determination, that on such date (i) the present fair market value (or present fair saleable value) of the assets of such Person are not less than the total amount required to pay the liabilities of such Person on
its total existing debts and liabilities (including contingent liabilities) as they become absolute and matured, 
 (ii) the Person is able
to realize upon its assets and pay its debts and other liabilities, contingent obligations and commitments as they mature and become due in the normal course of business, 

(iii) assuming the completion of the transactions contemplated by the Related Documents, the Person is not incurring debts or liabilities
beyond its ability to pay as such debts and liabilities mature, (iv) the Person is not engaged in any business or transaction, and is not about to engage in any business or transaction, for which its property would constitute unreasonably small
capital after giving due consideration to the prevailing practice in the industry in which such entity is engaged, and (v) the Person is not a defendant in any civil action that would result in a judgment that such Person is or would become
unable to satisfy. 
 “Specified Rating Agencies” means any of S&P Global Ratings, Moody’s or Fitch, as
applicable. 
 “Swingline Commitment” means the obligation of the Swingline Lender to make Swingline Loans pursuant to
Section 2.06 in an aggregate principal amount at any one time outstanding not to exceed $30,000,000, as such amount may be reduced or increased pursuant to Section 2.06(i) or reduced pursuant to
Section 2.05(b). 
 “Swingline Lender” means Coöperatieve Rabobank U.A., New York Branch, in
its capacity as maker of Swingline Loans, and its permitted successors and assigns in such capacity. 
 “Swingline Loan”
has the meaning set forth in Section 2.06(a). 
 “Swingline Loan Request” has the meaning set
forth in Section 2.06(b). 
 “Swingline Participation Amount” has the meaning set forth in
Section 2.06(f). 

  
 13 

 “Undrawn Commitment Fees” has the meaning set forth in
Section 3.02(b). 
 “Undrawn L/C Face Amounts” means, at any time, the aggregate then undrawn and
unexpired face amount of any Letters of Credit outstanding at such time. 
 “Unreimbursed L/C Drawings” means, at any time,
the aggregate amount of any L/C Reimbursement Amounts that have not then been reimbursed pursuant to Section 2.08. 

“Upfront Commitment Fee” has the meaning given to such term in the Class A-1 VFN
Fee Letter. 
 “USA PATRIOT Act” has the meaning given to such term in Section 9.24. 

“Voluntary Cash Collateral” has the meaning set forth in Section 4.03(a). 

“Write-down and Conversion Powers” means, with respect to any EEA Resolution Authority, the write-down and conversion powers
of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule. 
 ARTICLE II 

PURCHASE AND SALE OF SERIES 2017-1 CLASS A-1 NOTES

 Section 2.01 The Advance Notes. 

(a) On the terms and conditions set forth in the Indenture and this Agreement, and in reliance on the covenants, representations and
agreements set forth herein and therein, the Co-Issuers shall issue and shall request the Trustee to authenticate (i) the initial Series 2017-1 Class A-1 Advance Notes, which the Co-Issuers shall deliver to each Funding Agent on behalf of the Investors in the related Investor Group on the Series 2017-1 Closing Date and (ii) additional Series 2017-1 Class A-1 Advance Notes, which the
Co-Issuers shall deliver to each Funding Agent on behalf of the Investors in the related Investor Group that become a party to this Agreement by executing a Joinder Agreement upon execution thereof and
satisfaction of the additional conditions set forth in Section 2.3 of the Series 2017-1 Supplement. Each Series 2017-1
Class A-1 Advance Note for each Investor Group shall be dated their date of authentication, shall be registered in the name of the related Funding Agent or its nominee, as agent for the related Investors,
or in such other name or nominee as such Funding Agent may request, shall have a maximum principal amount equal to the Maximum Investor Group Principal Amount for such Investor Group and shall be duly authenticated in accordance with the provisions
of the Indenture. 
 Section 2.02 Advances. 

(a) Subject to the terms and conditions of this Agreement and the Indenture, each Eligible Conduit Investor, if any, may and, if such Conduit
Investor determines that it will not make (or it does not in fact make) an Advance or any portion of an Advance, its related Committed Note Purchaser(s) shall or, if there is no Eligible Conduit Investor with respect to any

  
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Investor Group, the Committed Note Purchaser(s) with respect to such Investor Group shall, upon the Co-Issuers’ request delivered in accordance with
the provisions of Section 2.03 and the satisfaction of all conditions precedent thereto (or under the circumstances set forth in Sections 2.05, 2.06 or 2.08), make Advances from time to time during the
Commitment Term; provided that such Advances shall be made ratably by each Investor Group based on their respective Commitment Percentages and the portion of any such Advance made by any Committed Note Purchaser in such Investor Group shall
be its Committed Note Purchaser Percentage of the Advances to be made by such Investor Group (or the portion thereof not being made by any Conduit Investor in such Investor Group); provided, further, that if, as a result of any
Committed Note Purchaser (a “Non-Funding Committed Note Purchaser”) failing to make any previous Advance that such Non-Funding Committed Note Purchaser
was required to make, or as a result of the addition of Investor Groups pursuant to Joinder Agreements (“Additional Committed Note Purchasers”), outstanding Advances are not held ratably by each Investor Group based on their
respective Commitment Percentages and among the Committed Note Purchasers within each Investor Group based on their respective Committed Note Purchaser Percentages at the time a request for Advances is made, (x) such Non-Funding Committed Note Purchaser or Additional Committed Note Purchasers, as applicable, shall make all of such Advances until outstanding Advances are held ratably by each Investor Group based on their
respective Commitment Percentages and among the Committed Note Purchasers within each Investor Group based on their respective Committed Note Purchaser Percentages and (y) further Advances shall be made ratably by each Investor Group based on
their respective Commitment Percentages and the portion of any such Advance made by any Committed Note Purchaser in such Investor Group shall be its Committed Note Purchaser Percentage of the Advances to be made by such Investor Group (or the
portion thereof not being made by any Conduit Investor in such Investor Group); provided, further, that the failure of a Non-Funding Committed Note Purchaser to make Advances pursuant to the
immediately preceding proviso shall not, subject to the immediately following proviso, relieve any other Committed Note Purchaser of its obligation hereunder, if any, to make Advances in accordance with Section 2.03(b)(i);
provided, further, that, subject, in the case of clause (i) below, to Section 2.03(b)(ii), no Advance shall be required or permitted to be made by any Investor on any date to the extent that, after
giving effect to such Advance, (i) the related Investor Group Principal Amount would exceed the related Maximum Investor Group Principal Amount or (ii) the Series 2017-1 Class A-1 Outstanding Principal Amount would exceed the Series 2017-1 Class A-1 Maximum Principal Amount. 

(b) Notwithstanding anything herein or in any other Related Document to the contrary, at no time will a Conduit Investor be obligated to make
Advances hereunder. If at any time any Conduit Investor is not an Eligible Conduit Investor, such Conduit Investor shall promptly notify the Administrative Agent (who shall promptly notify the related Funding Agent and the Master Issuer (on behalf
of the Co-Issuers)) thereof. 
 (c) Each of the Advances to be made on any date shall be made as
part of a single borrowing (each such single borrowing being a “Borrowing”). The Advances made as part of the initial Borrowing on the Series 2017-1 Closing Date, if any, will be evidenced by
the Series 2017-1 Class A-1 Advance Notes issued in connection herewith and will constitute purchases of Series 2017-1 Class A-1 Initial Advance Principal Amounts corresponding to the amount of such Advances. All of the other Advances will constitute Increases evidenced by the Series
2017-1 Class A-1 Advance Notes issued in connection herewith and will constitute purchases of Series 2017-1 Class A-1 Outstanding Principal Amounts corresponding to the amount of such Advances. 

  
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 (d) Section 2.2(b) of the Series 2017-1 Supplement
specifies the procedures to be followed in connection with any Voluntary Decrease of the Series 2017-1 Class A-1 Outstanding Principal Amount. Each such Voluntary
Decrease in respect of any Advances shall be either (i) in an aggregate minimum principal amount of $200,000 and integral multiples of $100,000 in excess thereof or (ii) in such other amount necessary to reduce the Series 2017-1 Class A-1 Outstanding Principal Amount to zero. 
 (e)
Subject to the terms of this Agreement and the Series 2017-1 Supplement, the aggregate principal amount of the Advances evidenced by the Series 2017-1 Class A-1 Advance Notes may be increased by Borrowings or decreased by Voluntary Decreases from time to time. 

Section 2.03 Borrowing Procedures. 

(a) Whenever the Co-Issuers wish to make a Borrowing, the
Co-Issuers shall (or shall cause the Manager on their behalf to) notify the Administrative Agent (who shall promptly, and in any event by 4:00 p.m. (New York City time) on the same Business Day as its receipt
of the same, notify each Funding Agent of its pro rata share thereof (or other required share, as required pursuant to Section 2.02(a)) and notify the Trustee, the Control Party, the Swingline Lender and the
L/C Provider in writing of such Borrowing) by written notice in the form of an Advance Request delivered to the Administrative Agent no later than 12:00 p.m. (New York City time) two (2) Business Days (or, in the case of any Eurodollar Advances
for purposes of Section 3.01(b), three (3) Eurodollar Business Days) prior to the date of Borrowing (unless a shorter period is agreed upon by the Administrative Agent and the L/C Provider, the L/C Issuing Bank, the
Swingline Lender or the Funding Agents, as applicable), which date of Borrowing shall be a Business Day during the Commitment Term. Each such notice shall be irrevocable and shall in each case refer to this Agreement and specify (i) the
Borrowing date, (ii) the aggregate amount of the requested Borrowing to be made on such date, (iii) the amount of outstanding Swingline Loans and Unreimbursed L/C Drawings (if applicable) to be repaid with the proceeds of such Borrowing on
the Borrowing date, which amount shall constitute all outstanding Swingline Loans and Unreimbursed L/C Drawings outstanding on the date of such notice that are not prepaid with other funds of the Co-Issuers
available for such purpose, and (iv) sufficient instructions for application of the balance, if any, of the proceeds of such Borrowing on the Borrowing date (which proceeds shall be made available to the Master Issuer (on behalf of the Co-Issuers)). Requests for any Borrowing may not be made in an aggregate principal amount of less than $1,000,000 or in an aggregate principal amount that is not an integral multiple of $500,000 in excess thereof
(except as otherwise provided herein with respect to Borrowings for the purpose of repaying then-outstanding Swingline Loans or Unreimbursed L/C Drawings). The Co-Issuers agree to cause requests for Borrowings
to be made automatically (to the extent not deemed made pursuant to Sections 2.05(b)(i), 2.05(b)(ii) or 2.08) upon notice of any drawing under a Letter of Credit and in any event at least one time per week if any Swingline Loans
or Unreimbursed L/C Drawings are outstanding, in each case, in an amount at least sufficient to repay in full all Swingline Loans and Unreimbursed L/C Drawings outstanding on the date of the applicable request. Subject to the provisos to
Section 2.02(a), each Borrowing shall be ratably 

  
 16 

 
allocated among the Investor Groups’ respective Maximum Investor Group Principal Amounts. Each Funding Agent shall promptly advise its related Conduit Investor, if any, of any notice given
pursuant to this Section 2.03(a) and shall promptly thereafter (but in no event later than 10:00 a.m. (New York City time) on the date of Borrowing) notify the Administrative Agent, the Master Issuer (on behalf of the Co-Issuers) and the related Committed Note Purchaser(s) whether such Conduit Investor has determined to make all or any portion of the Advances in such Borrowing that are to be made by its Investor Group. On the
date of each Borrowing and subject to the other conditions set forth herein and in the Series 2017-1 Supplement (and, if requested by the Administrative Agent, confirmation from the Swingline Lender and the
L/C Provider, as applicable, as to (x) the amount of outstanding Swingline Loans and Unreimbursed L/C Drawings to be repaid with the proceeds of such Borrowing on the Borrowing date, (y) the Undrawn L/C Face Amount of all Letters of Credit
then outstanding and (z) the principal amount of any other Swingline Loans or Unreimbursed L/C Drawings then outstanding), the applicable Investors in each Investor Group shall make available to the Administrative Agent the amount of the
Advances in such Borrowing that are to be made by such Investor Group by wire transfer in U.S. Dollars of such amount in same day funds no later than 10:00 a.m. (New York City time) on the date of such Borrowing, and upon receipt thereof the
Administrative Agent shall make such proceeds available by 3:00 p.m. (New York City time), first, to the Swingline Lender and the L/C Provider for application to repayment of the amount of outstanding Swingline Loans and Unreimbursed L/C
Drawings as set forth in the applicable Advance Request, if applicable, ratably in proportion to such respective amounts, and, second, to the Master Issuer (on behalf of the Co-Issuers) or the Manager,
if directed by the Master Issuer, as instructed in the applicable Advance Request. 
 (b) (i) The failure of any Committed Note Purchaser to
make the Advance to be made by it as part of any Borrowing shall not relieve any other Committed Note Purchaser (whether or not in the same Investor Group) of its obligation, if any, hereunder to make its Advance on the date of such Borrowing, but
no Committed Note Purchaser shall be responsible for the failure of any other Committed Note Purchaser to make the Advance to be made by such other Committed Note Purchaser on the date of any Borrowing and (ii) in the event that one or more
Committed Note Purchasers fails to make its Advance by 11:00 a.m. (New York City time) on the date of such Borrowing, the Administrative Agent shall notify each of the other Committed Note Purchasers not later than 1:00 p.m. (New York City time) on
such date, and each of the other Committed Note Purchasers shall make available to the Administrative Agent a supplemental Advance in a principal amount (such amount, the “reference amount”) equal to the lesser of (a) the
aggregate principal Advance that was unfunded multiplied by a fraction, the numerator of which is the Commitment Amount of such Committed Note Purchaser and the denominator of which is the aggregate Commitment Amounts of all Committed Note
Purchasers (less the aggregate Commitment Amount of the Committed Note Purchasers failing to make Advances on such date) and (b) the excess of (i) such Committed Note Purchaser’s Commitment Amount over (ii) the product of such
Committed Note Purchaser’s related Investor Group Principal Amount multiplied by such Committed Note Purchaser’s Committed Note Purchaser Percentage (after giving effect to all prior Advances on such date of Borrowing) (provided
that a Committed Note Purchaser may (but shall not be obligated to), on terms and conditions to be agreed upon by such Committed Note Purchaser and the Co-Issuers, make available to the Administrative Agent a
supplemental Advance in a principal amount in excess of the reference amount; provided, however, that no such supplemental Advance shall be permitted to be made to    

  
 17 

 
the extent that, after giving effect to such Advance, the Series 2017-1 Class A-1 Outstanding Principal Amount
would exceed the Series 2017-1 Class A-1 Maximum Principal Amount). Such supplemental Advances shall be made by wire transfer in U.S. Dollars in same day funds no
later than 3:00 p.m. (New York City time) one (1) Business Day following the date of such Borrowing, and upon receipt thereof the Administrative Agent shall immediately make such proceeds available, first, to the Swingline Lender and the
L/C Provider for application to repayment of the amount of outstanding Swingline Loans and Unreimbursed L/C Drawings as set forth in the applicable Advance Request, if applicable, ratably in proportion to such respective amounts, and, second,
to the Master Issuer (on behalf of the Co-Issuers), as instructed in the applicable Advance Request. If any Committed Note Purchaser which shall have so failed to fund its Advance shall subsequently pay such
amount, the Administrative Agent shall apply such amount pro rata to repay any supplemental Advances made by the other Committed Note Purchasers pursuant to this Section 2.03(b). 

(c) Unless the Administrative Agent shall have received notice from a Funding Agent prior to the date of any Borrowing that an applicable
Investor in the related Investor Group will not make available to the Administrative Agent such Investor’s share of the Advances to be made by such Investor Group as part of such Borrowing, the Administrative Agent may (but shall not be
obligated to) assume that such Investor has made such share available to the Administrative Agent on the date of such Borrowing in accordance with Section 2.02(a) and the Administrative Agent may (but shall not be obligated
to), in reliance upon such assumption, make available to the Swingline Lender, the L/C Provider and/or the Master Issuer, as applicable, on such date a corresponding amount, and shall, if such corresponding amount has not been made available by the
Administrative Agent, make available to the Swingline Lender, the L/C Provider and/or the Master Issuer, as applicable, on such date a corresponding amount once such Investor has made such portion available to the Administrative Agent. If and to the
extent that any Investor shall not have so made such amount available to the Administrative Agent, such Investor and the Co-Issuers jointly and severally agree to repay (without duplication) to the
Administrative Agent on the next Weekly Allocation Date such corresponding amount (in the case of the Co-Issuers, in accordance with the Priority of Payments), together with interest thereon, for each day from
the date such amount is made available to the Master Issuer until the date such amount is repaid to the Administrative Agent, at (i) in the case of the Co-Issuers, the interest rate applicable at the time
to the Advances comprising such Borrowing and (ii) in the case of such Investor, the Federal Funds Rate and without deduction by such Investor for any withholding Taxes. If such Investor shall repay to the Administrative Agent such
corresponding amount, such amount so repaid shall constitute such Investor’s Advance as part of such Borrowing for purposes of this Agreement. 

Section 2.04 The Series 2017-1 Class A-1
Notes. On each date an Advance or Swingline Loan is made or a Letter of Credit is issued hereunder, and on each date the outstanding amount thereof is reduced, a duly authorized officer, employee or agent of the related Series 2017-1 Class A-1 Noteholder shall make appropriate notations in its books and records of the amount, evidenced by the related Series
2017-1 Class A-1 Advance Note, Series 2017-1 Class A-1 Swingline Note or Series
2017-1 Class A-1 L/C Note, of such Advance, Swingline Loan or Letter of Credit, as applicable, and the amount of such reduction, as applicable. The Co-Issuers hereby authorize each duly authorized officer, employee and agent of such Series 2017-1 Class A-1 Noteholder to make
such notations on the books and records as aforesaid and every such notation made in accordance 

  
 18 

 
with the foregoing authority shall be prima facie evidence of the accuracy of the information so recorded; provided, however, that in the event of a discrepancy
between the books and records of such Series 2017-1 Class A-1 Noteholder and the records maintained by the Trustee pursuant to the Indenture, such discrepancy shall
be resolved by such Series 2017-1 Class A-1 Noteholder, the Control Party and the Trustee, in consultation with the
Co-Issuers (provided that such consultation with the Co-Issuers will not in any way limit or delay such Series 2017-1 Class A-1 Noteholder’s, the Control Party’s and the Trustee’s ability to resolve such discrepancy), and such resolution shall control in the absence of manifest error; provided,
further, that the failure of any such notation to be made, or any finding that a notation is incorrect, in any such records shall not limit or otherwise affect the obligations of the Co-Issuers under
this Agreement or the Indenture. 
 Section 2.05 Reduction in Commitments. 

(a) The Co-Issuers may, upon three (3) Business Days’ notice to the Administrative Agent
(who shall promptly notify the Trustee, the Control Party, each Funding Agent and each Investor), effect a permanent reduction in the Series 2017-1 Class A-1
Maximum Principal Amount and a corresponding reduction in each Commitment Amount and Maximum Investor Group Principal Amount on a pro rata basis; provided that (i) any such reduction will be limited to the undrawn portion
of the Commitments, although any such reduction may be combined with a Voluntary Decrease effected pursuant to and in accordance with Section 2.2(b) of the Series 2017-1 Supplement,
(ii) any such reduction must be in a minimum amount of $5,000,000, (iii) after giving effect to such reduction, the Series 2017-1 Class A-1 Maximum Principal
Amount equals or exceeds $5,000,000, unless reduced to zero, and (iv) no such reduction shall be permitted if, after giving effect thereto, (x) the aggregate Commitment Amounts would be less than the Series
2017-1 Class A-1 Outstanding Principal Amount (excluding any Undrawn L/C Face Amounts with respect to which cash collateral is held by the L/C Provider pursuant to
Section 4.03(b)) or (y) the aggregate Commitment Amounts would be less than the sum of the Swingline Commitment and the L/C Commitment. Any reduction made pursuant to this Section 2.05(a) shall be made ratably
among the Investor Groups on the basis of their respective Maximum Investor Group Principal Amounts. 
 (b) If any of the following events
shall occur, then the Commitment Amounts shall be automatically reduced on the dates and in the amounts set forth below with respect to the applicable event and the other consequences set forth below with respect to the applicable event shall ensue
(and the Co-Issuers shall give the Trustee, the Control Party, each Funding Agent and the Administrative Agent prompt written notice thereof): 

(i) (A) if the Outstanding Principal Amount of the Series 2017-1 Class A-1 Notes has not been paid in full or otherwise refinanced in full (which refinancing may also include an extension thereof) by the Business Day immediately preceding the Series 2017-1 Class A-1 Senior Notes Renewal Date, on such Business Day, (x) the principal amount of all then-outstanding Swingline Loans and Unreimbursed
L/C Drawings shall be repaid in full with proceeds of Advances made on such date (and the Co-Issuers shall be deemed to have delivered such Advance Requests under Section 2.03 as may
be necessary to cause such Advances to be made), and (y) the Swingline Commitment and the L/C Commitment shall both be automatically and permanently reduced to zero; and (B) upon a Series 2017-1
Class A-1 Senior Notes Amortization 

  
 19 

 
Event, (x) the Commitments with respect to all undrawn Commitment Amounts shall automatically and permanently terminate and the Maximum Investor Group Principal Amounts shall be
automatically and permanently reduced by a corresponding amount on a pro rata basis and (y) each payment of principal on the Series 2017-1
Class A-1 Outstanding Principal Amount occurring following such Series 2017-1 Class A-1 Senior Notes Amortization Event
shall result automatically and permanently in a dollar-for-dollar reduction of the Series 2017-1
Class A-1 Maximum Principal Amount and a corresponding reduction in each Commitment Amount and each Maximum Investor Group Principal Amount on a pro rata basis; 

(ii) if a Rapid Amortization Event occurs prior to the Series 2017-1 Class A-1 Senior Notes Renewal Date, then (A) on the date such Rapid Amortization Event occurs, the Commitments with respect to all undrawn Commitment Amounts shall automatically terminate, which
termination shall be deemed to have occurred immediately following the making of Advances pursuant to clause (b) below, and the Maximum Investor Group Principal Amounts shall be automatically reduced by a corresponding amount on a
pro rata basis; (B) no later than the second Business Day after the occurrence of such Rapid Amortization Event, the principal amount of all then-outstanding Swingline Loans and Unreimbursed L/C Drawings (to the extent not repaid
pursuant to Section 2.08(a) or Section 4.03(b)) shall be repaid in full with proceeds of Advances (and the Co-Issuers shall be deemed to have delivered such
Advance Requests under Section 2.03 as may be necessary to cause such Advances to be made) and the Swingline Commitment shall be automatically reduced to zero and the L/C Commitment shall be automatically reduced by such
amount of Unreimbursed L/C Drawings repaid by such Advances; and (C) each payment of principal (which, for the avoidance of doubt, shall include cash collateralization of Undrawn L/C Face Amounts pursuant to Sections
Section 4.02(b), Section 4.03(a), Section 4.03(b) and Section 9.18(c)(ii)) on the Series 2017-1 Class A-1 Outstanding Principal Amount occurring on or after the date of such Rapid Amortization Event (excluding the repayment of any outstanding Swingline Loans and Unreimbursed L/C Drawings with proceeds of
Advances pursuant to clause (b) above) shall result automatically in a dollar-for-dollar reduction of the Series
2017-1 Class A-1 Maximum Principal Amount and a corresponding reduction in each Commitment Amount and each Maximum Investor Group Principal Amount on a pro
rata basis; provided that if such Rapid Amortization Event shall cease to be in effect pursuant to Section 9.1(e) of the Base Indenture, then the Commitments, Commitment Amounts, Swingline Commitment, L/C Commitment, Series 2017-1 Class A-1 Maximum Principal Amount and the Maximum Investor Group Principal Amounts shall be restored to the amounts in effect immediately prior to the occurrence
of such Rapid Amortization Event; 
 (iii) if a Change of Control occurs (unless the Control Party has provided its
prior written consent thereto), then (A) on the date such Change of Control occurs, (x) all undrawn portions of the Commitments shall automatically and permanently terminate, which termination shall be deemed to have occurred immediately
following the making of Advances pursuant to clause (b) below, and the Maximum Investor Group Principal Amounts shall be automatically and permanently reduced by a corresponding amount on a pro rata basis), (y) the
Commitment Amounts shall automatically and permanently be reduced to zero, which reduction shall be deemed to 

  
 20 

 
have occurred immediately following the making of Advances pursuant to clause (b) below, and (z) the Swingline Commitment and the L/C Commitment shall both be automatically and
permanently reduced to zero; (B) if the Series 2017-1 Prepayment Date specified in the applicable Prepayment Notice is scheduled to occur more than two Business Days after such occurrence, then no later
than the second Business Day after the occurrence of such Change of Control, the principal amount of all then outstanding Swingline Loans and Unreimbursed L/C Drawings shall be repaid in full with proceeds of Advances (and the Co-Issuers shall be deemed to have delivered such Advance Requests under Section 2.03 as may be necessary to cause such Advances to be made); and (C) on the Series 2017-1 Prepayment Date specified in the applicable Prepayment Notice, (x) the Commitment Amounts and the Maximum Investor Group Principal Amounts shall all be automatically and permanently reduced to zero, and
(y) the Co-Issuers shall cause the Series 2017-1 Class A-1 Outstanding Principal Amount to be paid in full (or, in the
case of any then-outstanding Undrawn L/C Face Amounts, to be fully cash collateralized pursuant to Section 4.02 or Section 4.03), together with accrued interest and fees and all other amounts then
due and payable to the Lender Parties, the Administrative Agent and the Funding Agents under this Agreement and the other Related Documents and any unreimbursed Servicing Advances and Manager Advances (in each case, with interest thereon at the
Advance Interest Rate), subject to and in accordance with the Priority of Payments; 
 (iv) if Indemnification
Payments or Real Estate Disposition Proceeds are allocated to and deposited in the Series 2017-1 Class A-1 Distribution Account in accordance with
Section 3.6(j) of the Series 2017-1 Supplement at a time when either (i) no Senior Notes other than Series 2017-1
Class A-1 Notes are Outstanding or (ii) if a Series 2017-1 Class A-1 Senior Notes Amortization Period is
continuing, then the Series 2017-1 Class A-1 Maximum Principal Amount shall be automatically and permanently reduced on the date of such deposit by an amount (the
“Series 2017-1 Class A-1 Allocated Payment Reduction Amount”) equal to the amount of such deposit, and there shall be a corresponding
reduction in each Commitment Amount and each Maximum Investor Group Principal Amount on a pro rata basis (and, if after giving effect to such reduction the Series 2017-1 Class A-1 Maximum Principal Amount would be less than the sum of the Swingline Commitment and the L/C Commitment, then the aggregate amount of the Swingline Commitment and the L/C Commitment shall be reduced by
the amount of such difference, with such reduction to be allocated between them in accordance with the written instructions of the Co-Issuers delivered prior to such date; provided that after giving
effect thereto the aggregate amount of the Swingline Loans and the L/C Obligations do not exceed the Swingline Commitment and the L/C Commitment, respectively, as so reduced; provided, further, that in the absence of such instructions,
such reduction shall be allocated first to the Swingline Commitment and then to the L/C Commitment) and (z) the Series 2017-1 Class A-1
Outstanding Principal Amount shall be repaid or prepaid (which, for the avoidance of doubt, shall include cash collateralization of Undrawn L/C Face Amounts pursuant to Sections 4.02(b), 4.03(a), 4.03(b) and 9.18(c)(ii))
in an aggregate amount equal to such Series 2017-1 Class A-1 Allocated Payment Reduction Amount on the date and in the order required by Section 3.6(j) of the
Series 2017-1 Supplement; and 

  
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 (v) if any Event of Default shall occur and be continuing (and shall not
have been waived in accordance with the Base Indenture) and as a result the payment of the Series 2017-1 Class A-1 Notes is accelerated pursuant to the terms of the
Base Indenture (and such acceleration shall not have been rescinded in accordance with the Base Indenture), then in addition to the consequences set forth in clause (ii) above in respect of the Rapid Amortization Event resulting from
such Event of Default, the Commitment Amounts, the Swingline Commitment, the L/C Commitment and the Maximum Investor Group Principal Amounts shall all be automatically and permanently reduced to zero upon such acceleration and the Co-Issuers shall cause (in accordance with the Series 2017-1 Supplement) the Series 2017-1
Class A-1 Outstanding Principal Amount to be paid in full (which, for the avoidance of doubt, shall include cash collateralization of Undrawn L/C Face Amounts pursuant to Sections 4.02(b),
4.03(a), 4.03(b) and 9.18(c)(ii)), together with accrued interest, Series 2017-1 Class A-1 Quarterly Commitment Fees, Series 2017-1 Class A-1 Other Amounts and all other amounts then due and payable to the Lender Parties, the Administrative Agent and the Funding Agents under this Agreement and the other Related Documents and any
unreimbursed Servicing Advances and Manager Advances (in each case, with interest thereon at the Advance Interest Rate) subject to and in accordance with the Priority of Payments. 

Section 2.06 Swingline Commitment. 

(a) On the terms and conditions set forth in the Indenture and this Agreement, and in reliance on the covenants, representations and
agreements set forth herein and therein, the Co-Issuers shall issue and shall cause the Trustee to authenticate the initial Series 2017-1
Class A-1 Swingline Note, which the Co-Issuers shall deliver to the Swingline Lender on the Series 2017-1 Closing Date. Such
initial Series 2017-1 Class A-1 Swingline Note shall be dated the Series 2017-1 Closing Date, shall be registered in the
name of the Swingline Lender or its nominee, or in such other name as the Swingline Lender may request, shall have a maximum principal amount equal to the Swingline Commitment, shall have an initial outstanding principal amount equal to the Series 2017-1 Class A-1 Initial Swingline Principal Amount, and shall be duly authenticated in accordance with the provisions of the Indenture. Subject to the terms and
conditions hereof, the Swingline Lender, in reliance on the agreements of the Committed Note Purchasers set forth in this Section 2.06, agrees to make swingline loans (each, a “Swingline Loan” or a
“Series 2017-1 Class A-1 Swingline Loan” and, collectively, the “Swingline Loans” or the “Series 2017-1 Class A-1 Swingline Loans”) to the Co-Issuers from time to time during the period commencing on the
Series 2017-1 Closing Date and ending on the date that is two (2) Business Days prior to the Commitment Termination Date; provided that the Swingline Lender shall have no obligation or right to
make any Swingline Loan if, after giving effect thereto, (i) the aggregate principal amount of Swingline Loans outstanding would exceed the Swingline Commitment then in effect (notwithstanding that the Swingline Loans outstanding at any time,
when aggregated with the Swingline Lender’s other outstanding Advances hereunder, may exceed the Swingline Commitment then in effect) or (ii) the Series 2017-1
Class A-1 Outstanding Principal Amount would exceed the Series 2017-1 Class A-1 Maximum Principal Amount. Each such
borrowing of a Swingline Loan will constitute a Subfacility Increase in the outstanding principal amount evidenced by the Series 2017-1 Class A-1 Swingline Note in
an amount corresponding to such borrowing. Subject to the terms of this Agreement and the Series 2017-1 Supplement, the outstanding principal amount evidenced by the Series
2017-1 Class A-1 Swingline Note may be increased by borrowings of Swingline Loans or decreased by payments of principal thereon from time to time. 

  
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 (b) Whenever the Co-Issuers desire that the Swingline
Lender make Swingline Loans, they shall (or shall cause the Manager on their behalf to) give the Swingline Lender and the Administrative Agent irrevocable notice in writing not later than 11:00 a.m. (New York City time) on the proposed borrowing
date, specifying (i) the amount to be borrowed, (ii) the requested borrowing date (which shall be a Business Day during the Commitment Term not later than the date that is two (2) Business Days prior to the Commitment Termination
Date) and (iii) the payment instructions for the proceeds of such borrowing (which shall be consistent with the terms and provisions of this Agreement and the Indenture and which proceeds shall be made available to the Master Issuer (on behalf
of the Co-Issuers)). Such notice shall be in the form of a Swingline Advance Request in the form attached hereto as Exhibit A-2 (a “Swingline Loan
Request”), Promptly upon receipt of any Swingline Loan Request (but in no event later than 2:00 p.m. (New York City time) on the date of such receipt), the Swingline Lender shall promptly notify the Control Party, the Trustee and the
Administrative Agent thereof in writing. Each borrowing under the Swingline Commitment shall be in a minimum amount equal to $100,000. Promptly upon receipt of any Swingline Loan Request (but in no event later than 2:00 p.m. (New York City time) on
the date of such receipt), the Administrative Agent (based, with respect to any portion of the Series 2017-1 Class A-1 Outstanding Subfacility Amount held by any
Person other than the Administrative Agent, solely on written notices received by the Administrative Agent under this Agreement) will inform the Swingline Lender whether or not, after giving effect to the requested Swingline Loan, the Series 2017-1 Class A-1 Outstanding Principal Amount would exceed the Series 2017-1
Class A-1 Maximum Principal Amount. If the Administrative Agent confirms that the Series 2017-1 Class A-1 Outstanding
Principal Amount would not exceed the Series 2017-1 Class A-1 Maximum Principal Amount after giving effect to the requested Swingline Loan, then not later than 3:00
p.m. (New York City time) on the borrowing date specified in the Swingline Loan Request, subject to the other conditions set forth herein and in the Series 2017-1 Supplement, the Swingline Lender shall make
available to the Master Issuer (on behalf of the Co-Issuers) in accordance with the payment instructions set forth in such notice an amount in immediately available funds equal to the amount of the requested
Swingline Loan. 
 (c) The Co-Issuers hereby agree that each Swingline Loan made by the Swingline
Lender to the Co-Issuers pursuant to Section 2.06(a) shall constitute the promise and obligation of the Co-Issuers jointly and severally to pay
to the Swingline Lender the aggregate unpaid principal amount of all Swingline Loans made by such Swingline Lender pursuant to Section 2.06(a), which amounts shall be due and payable (whether at maturity or by acceleration)
as set forth in this Agreement and in the Indenture for the Series 2017-1 Class A-1 Outstanding Principal Amount. 

(d) In accordance with Section 2.03(a), the Co-Issuers agree to cause
requests for Borrowings to be made at least one time per week if any Swingline Loans are outstanding in amounts at least sufficient to repay in full all Swingline Loans outstanding on the date of the applicable request. In accordance with
Section 3.01(c), outstanding Swingline Loans shall bear interest at the Base Rate. 

  
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 (e) [Reserved]. 

(f) If, prior to the time Advances would have otherwise been made pursuant to Section 2.06(d), an Event of
Bankruptcy shall have occurred and be continuing with respect to any Co-Issuer or Guarantor or if, for any other reason, as determined by the Swingline Lender in its sole and absolute discretion, Advances may
not be made as contemplated by Section 2.06(d), each Committed Note Purchaser shall, on the date such Advances were to have been made pursuant to the notice referred to in Section 2.06(d), purchase
for cash an undivided participating interest in the then-outstanding Swingline Loans by paying to the Swingline Lender an amount (the “Swingline Participation Amount”) equal to (i) its Committed Note Purchaser Percentage,
multiplied by (ii) the related Investor Group’s Commitment Percentage, multiplied by (iii) the aggregate principal amount of Swingline Loans then outstanding that was to have been repaid with such Advances. 

(g) Whenever, at any time after the Swingline Lender has received from any Investor such Investor’s Swingline Participation Amount, the
Swingline Lender receives any payment on account of the Swingline Loans, the Swingline Lender will distribute to such Investor its Swingline Participation Amount (appropriately adjusted, in the case of interest payments, to reflect the period of
time during which such Investor’s participating interest was outstanding and funded and, in the case of principal and interest payments, to reflect such Investor’s pro rata portion of such payment if such payment is not
sufficient to pay the principal of and interest on all Swingline Loans then due); provided, however, that in the event that such payment received by the Swingline Lender is required to be returned, such Investor will return to the
Swingline Lender any portion thereof previously distributed to it by the Swingline Lender. 
 (h) Each applicable Investor’s obligation
to make the Advances referred to in Section 2.06(d) and each Committed Note Purchaser’s obligation to purchase participating interests pursuant to Section 2.06(f) shall be absolute and
unconditional and shall not be affected by any circumstance, including (i) any setoff, counterclaim, recoupment, defense or other right that such Investor, Committed Note Purchaser or the Co-Issuers may
have against the Swingline Lender, the Co-Issuers or any other Person for any reason whatsoever; (ii) the occurrence or continuance of a Default or an Event of Default or the failure to satisfy any of the
other conditions specified in Article VII other than at the time the related Swingline Loan was made; (iii) any adverse change in the condition (financial or otherwise) of the Co-Issuers;
(iv) any breach of this Agreement or any other Indenture Document by any Co-Issuer or any other Person or (v) any other circumstance, happening or event whatsoever, whether or not similar to any of
the foregoing. 
 (i) The Co-Issuers may, upon three (3) Business Days’ notice to the
Administrative Agent and the Swingline Lender, effect a reduction in the Swingline Commitment; provided that any such reduction will be limited to the undrawn portion of the Swingline Commitment. If requested by the Co-Issuers in writing and with the prior written consent of the Administrative Agent, the Swingline Lender may (but shall not be obligated to) increase the amount of the Swingline Commitment. 

(j) The Co-Issuers may, upon notice to the Swingline Lender (who shall promptly notify the
Administrative Agent and the Trustee thereof in writing), at any time and 

  
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from time to time, voluntarily prepay Swingline Loans in whole or in part without premium or penalty; provided that (x) such notice must be received by the Swingline Lender not later
than 11:00 a.m. (New York City time) on the date of the prepayment, (y) any such prepayment shall be in a minimum principal amount of $100,000 or a whole multiple of $100,000 in excess thereof or, if less, the entire principal amount thereof
then outstanding and (z) if the source of funds for such prepayment is not a Borrowing, there shall be no unreimbursed Servicing Advances or Manager Advances (or interest thereon) at such time. Each such notice shall specify the date and amount
of such prepayment. If such notice is given, the Co-Issuers shall make such prepayment directly to the Swingline Lender and the payment amount specified in such notice shall be due and payable on the date
specified therein. 
 Section 2.07 L/C Commitment. 

(a) Subject to the terms and conditions hereof, the L/C Provider (or its permitted assigns pursuant to
Section 9.17), in reliance on the agreements of the Committed Note Purchasers set forth in Sections 2.08 and 2.09, agrees to provide standby letters of credit, including Interest Reserve Letters of Credit
(each, a “Letter of Credit” and, collectively, the “Letters of Credit”) for the account of the Co-Issuers on any Business Day during the period commencing on the Series 2017-1 Closing Date and ending on the date that is ten (10) Business Days prior to the Commitment Termination Date to be issued in accordance with Section 2.07(h) in such form as may
be approved from time to time by the L/C Provider; provided that the L/C Provider shall have no obligation or right to provide any Letter of Credit on a requested issuance date if, after giving effect to such issuance, (i) the L/C
Obligations would exceed the L/C Commitment or (ii) the Series 2017-1 Class A-1 Outstanding Principal Amount would exceed the Series 2017-1 Class A-1 Maximum Principal Amount. 
 Each Letter of
Credit shall (x) be denominated in Dollars, (y) have a face amount of at least $25,000 or, if less than $25,000, shall bear a reasonable administrative fee to be agreed upon by the Co-Issuers and the
L/C Provider and (z) expire no later than the earlier of (A) the first anniversary of its date of issuance and (B) the date that is ten (10) Business Days prior to the Commitment Termination Date (the “Required Expiration
Date”); provided that any Letter of Credit may provide for the automatic renewal thereof for additional periods, each individually not to exceed one year (which shall in no event extend beyond the Required Expiration Date) unless the
L/C Provider notifies the beneficiary of such Letter of Credit at least 30 calendar days prior to the then-applicable expiration date (or no later than the applicable notice date, if earlier, as specified in such Letter of Credit) that such Letter
of Credit shall not be renewed; provided, further, that any Letter of Credit may have an expiration date that is later than the Required Expiration Date so long as either (x) the Undrawn L/C Face Amount with respect to such Letter of
Credit has been fully cash collateralized by the Co-Issuers in accordance with Section 4.02(b) or 4.03 as of the Required Expiration Date or (y) other than with respect to Interest
Reserve Letters of Credit, arrangements satisfactory to the L/C Provider in its sole and absolute discretion have been made with the L/C Provider (and, if the L/C Provider is not the L/C Issuing Bank with respect to such Letter of Credit, the L/C
Issuing Bank) pursuant to Section 4.04 such that such Letter of Credit shall cease to be deemed outstanding or to be deemed a “Letter of Credit” for purposes of this Agreement as of the Commitment Termination
Date. 

  
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 Additionally, each Interest Reserve Letter of Credit shall (1) name the Trustee, for the
benefit of the Senior Noteholders or the Senior Subordinated Noteholders, as applicable, as the beneficiary thereof; (2) allow the Trustee or the Control Party on its behalf to submit a notice of drawing in respect of such Interest Reserve
Letter of Credit whenever amounts would otherwise be required to be withdrawn from the Senior Notes Interest Reserve Account or the Senior Subordinated Notes Interest Reserve Account, as applicable, pursuant to the Indenture and (3) indicate by
its terms that the proceeds in respect of drawings under such Interest Reserve Letter of Credit shall be paid directly into the Senior Notes Interest Reserve Account or the Senior Subordinated Notes Interest Reserve Account, as applicable. 

The L/C Provider shall not at any time be obligated to (I) provide any Letter of Credit hereunder if such issuance would violate, or
cause any L/C Issuing Bank to exceed any limits imposed by, any applicable Requirement of Law or (II) amend any Letter of Credit hereunder if (1) the L/C Provider would have no obligation at such time to issue such Letter of Credit in its
amended form under the terms hereof or (2) the beneficiary of such Letter of Credit does not accept the proposed amendment to such Letter of Credit. 

(b) On the terms and conditions set forth in the Indenture and this Agreement, and in reliance on the covenants, representations and
agreements set forth herein and therein, the Co-Issuers shall issue and shall cause the Trustee to authenticate the initial Series 2017-1
Class A-1 L/C Note, which the Co-Issuers shall deliver to the L/C Provider on the Series 2017-1 Closing Date. Such initial
Series 2017-1 Class A-1 L/C Note shall be dated the Series 2017-1 Closing Date, shall be registered in the name of the L/C
Provider or in such other name or nominee as the L/C Provider may request, shall have a maximum principal amount equal to the L/C Commitment, shall have an initial outstanding principal amount equal to the Series
2017-1 Class A-1 Initial Aggregate Undrawn L/C Face Amount, and shall be duly authenticated in accordance with the provisions of the Indenture. Each issuance of a
Letter of Credit after the Series 2017-1 Closing Date will constitute an Increase in the outstanding principal amount evidenced by the Series 2017-1 Class A-1 L/C Note in an amount corresponding to the Undrawn L/C Face Amount of such Letter of Credit. All L/C Obligations (whether in respect of Undrawn L/C Face Amounts or Unreimbursed L/C Drawings) shall be
deemed to be principal outstanding under the Series 2017-1 Class A-1 L/C Note and shall be deemed to be Series 2017-1 Class A-1 Outstanding Principal Amounts for all purposes of this Agreement, the Indenture and the other Related Documents other than, in the case of Undrawn L/C Face Amounts, for purposes of accrual of
interest. Subject to the terms of this Agreement and the Series 2017-1 Supplement, the outstanding principal amount evidenced by the Series 2017-1 Class A-1 L/C Note shall be increased by issuances of Letters of Credit or decreased by expirations thereof or reimbursements of drawings thereunder or other circumstances resulting in the permanent reduction
in any Undrawn L/C Face Amounts from time to time. The L/C Provider and the Co-Issuers agree to promptly notify the Administrative Agent and the Trustee of any such decreases for which notice to the
Administrative Agent is not otherwise provided hereunder. 
 (c) The Co-Issuers may (or shall cause
the Manager on their behalf to) from time to time request that the L/C Provider provide a new Letter of Credit by delivering to the L/C Provider at its address for notices specified herein an Application therefor (in the form required by the
applicable L/C Issuing Bank as notified to the Co-Issuers by the L/C Provider), completed to the satisfaction of the L/C Provider, and such other certificates, documents and other papers

  
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and information as the L/C Provider may request on behalf of the L/C Issuing Bank. Notwithstanding the foregoing sentence, the letters of credit set forth on Schedule IV hereto shall be
deemed Letters of Credit provided and issued by the L/C Provider hereunder as of the Series 2017-1 Closing Date. Upon receipt of any completed Application, the L/C Provider will notify the Administrative Agent
and the Trustee in writing of the amount, the beneficiary and the requested expiration of the requested Letter of Credit (which shall comply with Sections 2.07(a) and (i)) and, subject to the other conditions set forth herein and in
the Series 2017-1 Supplement and upon receipt of written confirmation from the Administrative Agent (based, with respect to any portion of the Series 2017-1 Class A-1 Outstanding Subfacility Amount held by any Person other than the Administrative Agent, solely on written notices received by the Administrative Agent under this Agreement) that after giving effect to
the requested issuance, the Series 2017-1 Class A-1 Outstanding Principal Amount would not exceed the Series 2017-1 Class A-1 Maximum Principal Amount (provided that the L/C Provider shall be entitled to rely upon any written statement, paper or document believed by it to be genuine and correct and to have been signed
or sent by the proper Person or Persons of the Administrative Agent for purposes of determining whether the L/C Provider received such prior written confirmation from the Administrative Agent with respect to any Letter of Credit), the L/C Provider
will cause such Application and the certificates, documents and other papers and information delivered in connection therewith to be processed in accordance with the L/C Issuing Bank’s customary procedures and shall promptly provide the Letter
of Credit requested thereby (but in no event shall the L/C Provider be required to provide any Letter of Credit earlier than three (3) Business Days after its receipt of the Application therefor and all such other certificates, documents and
other papers and information relating thereto, as provided in Section 2.07(a)) by issuing the original of such Letter of Credit to the beneficiary thereof or as otherwise may be agreed to by the L/C Provider and the Co-Issuers. The L/C Provider shall furnish a copy of such Letter of Credit to the Manager (with a copy to the Administrative Agent) promptly following the issuance thereof. The L/C Provider shall promptly furnish to
the Administrative Agent, which shall in turn promptly furnish to the Funding Agents, the Investors, the Control Party and the Trustee, written notice of the issuance of each Letter of Credit (including the amount thereof). 

(d) The Co-Issuers shall jointly and severally pay ratably to the Committed Note Purchasers the L/C
Quarterly Fees (as defined in the Series 2017-1 Class A1 VFN Fee Letter, the “L/C Quarterly Fees”) in accordance with the terms of the Series 20171
Class A-1 VFN Fee Letter and subject to the Priority of Payments. 
 (e) In addition, the Co-Issuers shall jointly and severally pay to or reimburse the L/C Provider for the account of the applicable L/C Issuing Bank the L/C Fronting Fees, if any, in accordance with the terms of the Series 2017-1 Class A-1 VFN Fee Letter and subject to the Priority of Payments. 

(f) To the extent that any provision of any Application related to any Letter of Credit is inconsistent with the provisions of this Article
II, the provisions of this Article II shall apply. 
 (g) The Co-Issuers may, upon three
(3) Business Days’ notice to the Administrative Agent and the L/C Provider, effect a reduction in the L/C Commitment; provided that any such reduction will be limited to the undrawn portion of the L/C Commitment. If

  
 27 

 
requested by the Co-Issuers in writing and with the prior written consent of the L/C Provider and the Administrative Agent, the L/C Provider may (but shall
not be obligated to) increase the amount of the L/C Commitment; provided that, after giving effect thereto, the aggregate amount of the Swingline Commitment and the L/C Commitment does not exceed the aggregate Commitment Amount. 

(h) The L/C Provider shall satisfy its obligations under this Section 2.07 with respect to providing any Letter of
Credit hereunder by issuing such Letter of Credit itself or through an Affiliate, so long as the L/C Issuing Bank Rating Test is satisfied with respect to such Affiliate and the issuance of such Letter of Credit. If the L/C Issuing Bank Rating Test
is not satisfied with respect to such Affiliate and the issuance of such Letter of Credit, the L/C Provider or a Person selected by (at the expense of the L/C Provider) the Co-Issuers shall issue such Letter
of Credit; provided that such Person and issuance of such Letter of Credit satisfies the L/C Issuing Bank Rating Test (the L/C Provider (or such Affiliate of the L/C Provider) in its capacity as the issuer of such Letter of Credit or such
other Person selected by the Co-Issuers being referred to as the “L/C Issuing Bank” with respect to such Letter of Credit). The “L/C Issuing Bank Rating Test” is a test that
is satisfied with respect to a Person issuing a Letter of Credit if the Person is a U.S. commercial bank that has, at the time of the issuance of such Letter of Credit, (i) a short-term certificate of deposit rating of not less than “P-2” from Moody’s and “A-2” from S&P and (ii) a long-term unsecured debt rating of not less than “Baa2” from Moody’s or
“BBB” from S&P or such other minimum long-term unsecured debt rating as may be reasonably required by the beneficiary of such proposed Letter of Credit. 

(i) The L/C Provider and, if the L/C Provider is not the L/C Issuing Bank for any Letter of Credit, the L/C Issuing Bank shall be under no
obligation to issue any Letter of Credit if: (i) any order, judgment or decree of any Governmental Authority or arbitrator shall by its terms purport to enjoin or restrain the L/C Provider or the L/C Issuing Bank, as applicable, from issuing
the Letter of Credit or (ii) any law applicable to the L/C Provider or the L/C Issuing Bank, as applicable, or any request or directive (which request or directive, in the reasonable judgment of the L/C Provider or the L/C Issuing Bank, as
applicable, has the force of law) from any Governmental Authority with jurisdiction over the L/C Provider or the L/C Issuing Bank, as applicable, shall prohibit the L/C Provider or the L/C Issuing Bank, as applicable, from issuing of letters of
credit generally or the Letter of Credit in particular. 
 (j) Unless otherwise expressly agreed by the L/C Provider or the L/C Issuing
Bank, as applicable, and the Co-Issuers when a Letter of Credit is issued, the rules of the “International Standby Practices 1998” published by the Institute of International Banking Law &
Practice (or such later version thereof as may be in effect at the time of issuance) shall apply to each standby Letter of Credit issued hereunder. 

(k) For the avoidance of doubt, the L/C Commitment shall be a sub-facility limit of the Commitment
Amounts and aggregate outstanding L/C Obligations as of any date of determination shall be a component of the Series 2017-1 Class A-1 Outstanding Principal Amount
on such date of determination, pursuant to the definition thereof. 
 (l) If, on the date that is five (5) Business Days prior to the
expiration of any Interest Reserve Letter of Credit, such Interest Reserve Letter of Credit has not been replaced or 

  
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renewed and the Co-Issuers have not otherwise deposited funds into the Senior Notes Interest Reserve Account or the Senior Subordinated Notes Interest
Reserve Account, as applicable, in the amounts that would otherwise be required pursuant to the Indenture had such Interest Reserve Letter of Credit not been issued, the Master Issuer or the Control Party on its behalf will submit a notice of
drawing under such Interest Reserve Letter of Credit and use the proceeds thereof to fund a deposit into the Senior Notes Interest Reserve Account or the Senior Subordinated Notes Interest Reserve Account, as applicable, in an amount equal to the
Senior Notes Interest Reserve Account Deficient Amount or the Senior Subordinated Notes Interest Reserve Account Deficient Amount, as applicable, on such date, in each case calculated as if such Interest Reserve Letter of Credit had not been issued.

 (m) Each of the parties hereto shall execute any amendments to this Agreement reasonably requested by the
Co-Issuers in order to have any letter of credit issued by a Person selected by the Co-Issuers pursuant to Section 2.07(h) hereto or
Section 5.17 of the Base Indenture be a “Letter of Credit” that has been issued hereunder and such Person selected by the Co-Issuers be an “L/C Issuing Bank.” 

Section 2.08 L/C Reimbursement Obligations. 

(a) For the purpose of reimbursing the payment of any draft presented under any Letter of Credit, the
Co-Issuers jointly and severally agree to pay, as set forth in this Section 2.08, the L/C Provider, for its own account or for the account of the L/C Issuing Bank, as applicable,
within five Business Days after the day (subject to and in accordance with the Priority of Payments) on which the L/C Provider notifies the Co-Issuers and the Administrative Agent (and in each case the
Administrative Agent shall promptly, and in any event by 3:00 p.m. (New York City time) on the same Business Day as its receipt of the same, notify the Funding Agents) of the date and the amount of such draft, an amount in U.S. Dollars equal to the
sum of (i) the amount of such draft so paid (the “L/C Reimbursement Amount”) and (ii) any taxes, fees, charges or other costs or expenses (including amounts payable pursuant to Section 3.02(c),
and collectively, the “L/C Other Reimbursement Costs”) incurred by the L/C Issuing Bank in connection with such payment. Each drawing under any Letter of Credit shall (unless an Event of Bankruptcy shall have occurred and be
continuing with respect to the Co-Issuers or any Guarantor, in which cases the procedures specified in Section 2.09 for funding by Committed Note Purchasers shall apply) constitute a
request by the Co-Issuers to the Administrative Agent and each Funding Agent for a Base Rate Borrowing pursuant to Section 2.03 in the amount equal to the applicable L/C Reimbursement
Amount and the Co-Issuers shall be deemed to have made such request pursuant to the procedures set forth in Section 2.03. The applicable Investors in each Investor Group hereby agree
to make Advances in an aggregate amount for each Investor Group equal to such Investor Group’s Commitment Percentage of the L/C Reimbursement Amount to pay the L/C Provider. The Borrowing date with respect to such Borrowing shall be the first
date on which a Base Rate Borrowing could be made pursuant to Section 2.03 if the Administrative Agent had received a notice of such Borrowing at the time the Administrative Agent receives notice from the L/C Provider of
such drawing under such Letter of Credit. Such Investors shall make the amount of such Advances available to the Administrative Agent in immediately available funds not later than 3:00 p.m. (New York City time) on such Borrowing date, and the
proceeds of such Advances shall be immediately made available by the Administrative Agent to the L/C Provider for application to the reimbursement of such drawing. 

  
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 (b) The Co-Issuers’ obligations under
Section 2.08(a) shall be absolute and unconditional, and shall be performed strictly in accordance with the terms of this Agreement, under any and all circumstances and irrespective of (i) any setoff, counterclaim or
defense to payment that the Co-Issuers may have or have had against the L/C Provider, the L/C Issuing Bank, any beneficiary of a Letter of Credit or any other Person; (ii) any lack of validity or
enforceability of any Letter of Credit or this Agreement, or any term or provision therein; (iii) payment by the L/C Issuing Bank under a Letter of Credit against presentation of a draft or other document that does not comply with the terms of
such Letter of Credit; (iv) payment by the L/C Issuing Bank under a Letter of Credit to any Person purporting to be a trustee in bankruptcy, debtor-in-possession,
assignee for the benefit of creditors, liquidator, receiver or other representative of or successor to any beneficiary or any transferee of such Letter of Credit, including any arising in connection with any proceeding under the Bankruptcy Code or
any other liquidation, conservatorship, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization or similar debtor relief laws of any jurisdictions or (v) any other event or circumstance
whatsoever, whether or not similar to any of the foregoing, that might, but for the provisions of this Section 2.08(b), constitute a legal or equitable discharge of, or provide a right of setoff against, any Co-Issuer’s obligations hereunder. The Co-Issuers also agree that the L/C Provider and the L/C Issuing Bank shall not be responsible for, and the Co-Issuers’ Reimbursement Obligations under Section 2.08(a) shall not be affected by, among other things, the validity or genuineness of documents or of any endorsements thereon, even
though such documents shall in fact prove to be invalid, fraudulent or forged, or any dispute between or among the Co-Issuers and any beneficiary of any Letter of Credit or any other party to which such Letter
of Credit may be transferred or any claims whatsoever of the Co-Issuers against any beneficiary of such Letter of Credit or any such transferee. Neither the L/C Provider nor the L/C Issuing Bank shall be
liable for any error, omission, interruption, loss or delay in transmission, dispatch or delivery of any message or advice, however transmitted, in connection with any Letter of Credit, except for direct damages (as opposed to consequential damages,
claims in respect of which are hereby waived by the Co-Issuers to the extent permitted by applicable law) caused by errors or omissions found by a final and nonappealable decision of a court of competent
jurisdiction to have resulted from the gross negligence or willful misconduct of the L/C Provider or the L/C Issuing Bank, as the case may be. The Co-Issuers agree that any action taken or omitted by the L/C
Provider or the L/C Issuing Bank, as the case may be, under or in connection with any Letter of Credit or the related drafts or documents, if done in the absence of gross negligence or willful misconduct and in accordance with the standards of care
specified in the UCC of the State of New York, shall be binding on the Co-Issuers and shall not result in any liability of the L/C Provider or the L/C Issuing Bank to the
Co-Issuers. As between the Co-Issuers and the L/C Issuing Bank, the Co-Issuers hereby assume all risks of the acts or omissions
of any beneficiary or transferee with respect to such beneficiary’s or transferee’s use of any Letter of Credit. In furtherance of the foregoing and without limiting the generality thereof, the
Co-Issuers agree with the L/C Issuing Bank that, with respect to documents presented that appear on their face to be in substantial compliance with the terms of a Letter of Credit, the L/C Issuing Bank may, in
its sole discretion, either accept and make payment upon such documents without responsibility for further investigation, regardless of any notice or information to the contrary, or refuse to accept and make payment upon such documents if such
documents are not in strict compliance with the terms of such Letter of Credit. 

  
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 (c) If any draft shall be presented for payment under any Letter of Credit, the L/C Provider
shall promptly notify the Manager, the Co-Issuers and the Administrative Agent of the date and amount thereof. The responsibility of the applicable L/C Issuing Bank to the
Co-Issuers in connection with any draft presented for payment under any Letter of Credit shall, in addition to any payment obligation expressly provided for in such Letter of Credit, be limited to determining
that the documents (including each draft) delivered under such Letter of Credit in connection with such presentment are substantially in conformity with such Letter of Credit and, in paying such draft, such L/C Issuing Bank shall not have any
responsibility to obtain any document (other than any sight draft, certificates and documents expressly required by such Letter of Credit) or to ascertain or inquire as to the validity or accuracy of any such document or the authority of any
Person(s) executing or delivering any such document. 
 Section 2.09 L/C Participations. 

(a) The L/C Provider irrevocably agrees to grant and hereby grants to each Committed Note Purchaser, and, to induce the L/C Provider to
provide Letters of Credit hereunder (and, if the L/C Provider is not the L/C Issuing Bank for any Letter of Credit, to induce the L/C Provider to agree to reimburse such L/C Issuing Bank for any payment of any drafts presented thereunder), each
Committed Note Purchaser irrevocably and unconditionally agrees to accept and purchase and hereby accepts and purchases from the L/C Provider, on the terms and conditions set forth below, for such Committed Note Purchaser’s own account and risk
an undivided interest equal to its Committed Note Purchaser Percentage of the related Investor Group’s Commitment Percentage of the L/C Provider’s obligations and rights under and in respect of each Letter of Credit provided hereunder and
the L/C Reimbursement Amount with respect to each draft paid or reimbursed by the L/C Provider in connection therewith. Subject to Section 2.07(c), each Committed Note Purchaser unconditionally and irrevocably agrees with
the L/C Provider that, if a draft is paid under any Letter of Credit for which the L/C Provider is not paid in full by the Co-Issuers in accordance with the terms of this Agreement, such Committed Note
Purchaser shall pay to the Administrative Agent upon demand of the L/C Provider an amount equal to its Committed Note Purchaser Percentage of the related Investor Group’s Commitment Percentage of the L/C Reimbursement Amount with respect to
such draft, or any part thereof, that is not so paid. 
 (b) If any amount required to be paid by any Committed Note Purchaser to the
Administrative Agent for forwarding to the L/C Provider pursuant to Section 2.09(a) in respect of any unreimbursed portion of any payment made or reimbursed by the L/C Provider under any Letter of Credit is paid to the
Administrative Agent for forwarding to the L/C Provider within three (3) Business Days after the date such payment is due, such Committed Note Purchaser shall pay to Administrative Agent for forwarding to the L/C Provider on demand an amount
equal to the product of (i) such amount, times (ii) the daily average Federal Funds Rate during the period from and including the date such payment is required to the date on which such payment is immediately available to the
L/C Provider, times (iii) a fraction the numerator of which is the number of days that elapse during such period and the denominator of which is 360. If any such amount required to be paid by any Committed Note Purchaser pursuant to
Section 2.09(a) is not made available to the Administrative Agent for forwarding to the L/C Provider by such Committed Note Purchaser within three (3) Business Days after the date such payment is due, the L/C Provider
shall be entitled to recover from such Committed Note Purchaser, on demand, 

  
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such amount with interest thereon calculated from such due date at the Base Rate. A certificate of the L/C Provider submitted to any Committed Note Purchaser with respect to any amounts owing
under this Section 2.09(b), in the absence of manifest error, shall be conclusive and binding on such Committed Note Purchaser. Such amounts payable under this Section 2.09(b) shall be paid without
any deduction for any withholding Taxes. 
 (c) Whenever, at any time after payment has been made under any Letter of Credit and the L/C
Provider has received from any Committed Note Purchaser its pro rata share of such payment in accordance with Section 2.09(a), the Administrative Agent or the L/C Provider receives any payment related to such
Letter of Credit (whether directly from the Co-Issuers or otherwise, including proceeds of collateral applied thereto by the L/C Provider), or any payment of interest on account thereof, the Administrative
Agent or the L/C Provider, as the case may be, will distribute to such Committed Note Purchaser its pro rata share thereof; provided, however, that in the event that any such payment received by the Administrative Agent
or the L/C Provider, as the case may be, shall be required to be returned by the Administrative Agent or the L/C Provider, such Committed Note Purchaser shall return to the Administrative Agent for the account of the L/C Provider the portion thereof
previously distributed by the Administrative Agent or the L/C Provider, as the case may be, to it. 
 (d) Each Committed Note
Purchaser’s obligation to make the Advances referred to in Section 2.08(a) and to pay its pro rata share of any unreimbursed draft pursuant to Section 2.09(a) shall be absolute
and unconditional and shall not be affected by any circumstance, including (i) any setoff, counterclaim, recoupment, defense or other right that such Committed Note Purchaser or the Co-Issuers may have
against the L/C Provider, any L/C Issuing Bank, the Co-Issuers or any other Person for any reason whatsoever; (ii) the occurrence or continuance of a Default or an Event of Default or the failure to
satisfy any of the other conditions specified in Article VII other than at the time the related Letter of Credit was issued; (iii) an adverse change in the condition (financial or otherwise) of the
Co-Issuers; (iv) any breach of this Agreement or any other Indenture Document by any Co-Issuer or any other Person; (v) any amendment, renewal or extension of
any Letter of Credit in compliance with this Agreement or with the terms of such Letter of Credit, as applicable; or (vi) any other circumstance, happening or event whatsoever, whether or not similar to any of the foregoing. 

ARTICLE III 

INTEREST AND FEES 

Section 3.01 Interest. 

(a) To the extent that an Advance is funded or maintained by a Conduit Investor through the issuance of Commercial Paper, such Advance shall
bear interest at the CP Rate applicable to such Conduit Investor. To the extent that, and only for so long as, an Advance is funded or maintained by a Conduit Investor through means other than the issuance of Commercial Paper (based on its
determination in good faith that it is unable to raise or is precluded or prohibited from raising, or that it is not advisable to raise, funds through the issuance of Commercial Paper in the commercial paper market of the United States to finance
its purchase or maintenance of such Advance or any portion thereof (which determination may be 

  
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based on any allocation method employed in good faith by such Conduit Investor), including by reason of market conditions or by reason of insufficient availability under any of its Program
Support Agreement or the downgrading of any of its Program Support Providers), such Advance shall bear interest at (i) the Base Rate or (ii) if the required notice has been given pursuant to Section 3.01(b) with
respect to such Advance, for any Eurodollar Interest Period, the Eurodollar Rate applicable to such Eurodollar Interest Period for such Advance, in each case except as otherwise provided in the definition of Eurodollar Interest Period or in
Sections 3.03 or 3.04. Each Advance funded or maintained by a Committed Note Purchaser or a Program Support Provider shall bear interest at (i) the Base Rate or (ii) if the required notice has been given pursuant to
Section 3.01(b) with respect to such Advance, for any Eurodollar Interest Period, the Eurodollar Rate applicable to such Eurodollar Interest Period for such Advance, in each case except as otherwise provided in the
definition of Eurodollar Interest Period or in Sections 3.03 or 3.04. By (x) 11:00 a.m. (New York City time) on the second Business Day preceding each Accounting Date, each Funding Agent shall notify the Administrative Agent of the
applicable CP Rate for each Advance made by its Investor Group that was funded or maintained through the issuance of Commercial Paper and was outstanding during all or any portion of the Interest Period ending immediately prior to such Accounting
Date and (y) 3:00 p.m. (New York City time) on the second Business Day preceding each Accounting Date, the Administrative Agent shall notify the Master Issuer (on behalf of the Co-Issuers), the Manager, the
Trustee, the Servicer and the Funding Agents of such applicable CP Rate and of the applicable interest rate for each other Advance for such Interest Period and of the amount of interest accrued on Advances during such Interest Period. 

(b) With respect to any Advance (other than one funded or maintained by a Conduit Investor through the issuance of Commercial Paper), so long
as no Potential Rapid Amortization Event, Rapid Amortization Period or Event of Default has commenced and is continuing, the Master Issuer may elect that such Advance bear interest at the Eurodollar Rate for any Eurodollar Interest Period (which
shall be a period with a term of, at the election of the Co-Issuers subject to the proviso in the definition of Eurodollar Interest Period, one month, two months, three months or six months, or such other time
period subsequent to such date not to exceed six months as agreed upon by the Master Issuer and the Administrative Agent) while such Advance is outstanding to the extent provided in Section 3.01(a) by giving notice thereof
(including notice of the Co-Issuers’ election of the term for the applicable Eurodollar Interest Period) to the Funding Agents prior to 12:00 p.m. (New York City time) on the date which is three
(3) Eurodollar Business Days prior to the commencement of such Eurodollar Interest Period. If such notice is not given in a timely manner, such Advance shall bear interest at the Base Rate. Each such conversion to or continuation of Eurodollar
Advances for a new Eurodollar Interest Period in accordance with this Section 3.01(b) shall be in an aggregate principal amount of $1,000,000 or an integral multiple of $500,000 in excess thereof. 

(c) Any outstanding Swingline Loans and Unreimbursed L/C Drawings shall bear interest at the Base Rate. By (x) 11:00 a.m. (New York City time)
on the second Business Day preceding each Accounting Date, the Swingline Lender shall notify the Administrative Agent in reasonable detail of the amount of interest accrued on any Swingline Loans during the Interest Period ending on such date and
the L/C Provider shall notify the Administrative Agent in reasonable detail of the amount of interest accrued on any Unreimbursed L/C Drawings during such Interest Period and the amount of fees accrued on any Undrawn L/C Face Amounts during

  
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such Interest Period and (y) 3:00 p.m. (New York City time) on such date, the Administrative Agent shall notify the Servicer, the Trustee, the Master Issuer (on behalf of the Co-Issuers) and the Manager of the amount of such accrued interest and fees as set forth in such notices. 

(d) All accrued interest pursuant to Sections 3.01(a) or (c) shall be due and payable in arrears on each Quarterly Payment
Date in accordance with the applicable provisions of the Indenture. 
 (e) In addition, under the circumstances set forth in
Section 3.4 of the Series 2017-1 Supplement, the Co-Issuers shall jointly and severally pay quarterly interest in respect of the Series 2017-1 Class A-1 Outstanding Principal Amount in an amount equal to the Series 2017-1
Class A-1 Quarterly Post-Renewal Date Contingent Interest payable pursuant to such Section 3.4, subject to and in accordance with the Priority of Payments. 

(f) All computations of interest at the CP Rate and the Eurodollar Rate, all computations of Series
2017-1 Class A-1 Quarterly Post-Renewal Date Contingent Interest (other than any accruing on any Base Rate Advances) and all computations of fees shall be made on
the basis of a year of 360 days and the actual number of days elapsed. All computations of interest at the Base Rate and all computations of Series 2017-1 Class A-1
Quarterly Post-Renewal Date Contingent Interest accruing on any Base Rate Advances shall be made on the basis of a 365- (or 366-, as applicable) day year and actual
number of days elapsed. Whenever any payment of interest, principal or fees hereunder shall be due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day, unless specified otherwise in the Indenture, and
such extension of time shall be included in the computation of the amount of interest owed. Interest shall accrue on each Advance, Swingline Loan and Unreimbursed L/C Drawing from and including the day on which it is made to but excluding the date
of repayment thereof. 
 Section 3.02 Fees. 

(a) The Co-Issuers jointly and severally shall pay to the Administrative Agent for its own account the
Administrative Agent Fees (as defined in the Series 2017-1 Class A-1 VFN Fee Letter, collectively, the “Administrative Agent Fees”) in accordance
with the terms of the Series 2017-1 Class A-1 VFN Fee Letter and subject to the Priority of Payments. 

(b) On each Quarterly Payment Date on or prior to the Commitment Termination Date, the Co-Issuers
jointly and severally shall, in accordance with Section 4.01, pay to each Funding Agent, for the account of the related Committed Note Purchaser(s), the Undrawn Commitment Fees (as defined in the Series
2017-1 Class A-1 VFN Fee Letter, the “Undrawn Commitment Fees”) in accordance with the terms of the Series
2017-1 Class A-1 VFN Fee Letter and subject to the Priority of Payments. 

(c) The Co-Issuers jointly and severally shall pay (i) the fees required pursuant to
Section 2.07 in respect of Letters of Credit and (ii) any other fees set forth in the Series 2017-1 Class A-1 VFN Fee Letter
(including the Upfront Commitment Fee and any Extension Fees (each, as defined in the Series 2017-1 Class A-1 VFN Fee Letter)), subject to the Priority of Payments.

 (d) All fees payable pursuant to this Section 3.02 shall be calculated in accordance with
Section 3.01(f) and paid on the date due in accordance with the applicable provisions of the Indenture. Once paid, all fees shall be nonrefundable under all circumstances other than manifest error. 

  
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 Section 3.03 Eurodollar Lending Unlawful. If any Investor or Program Support Provider
shall determine that any Change in Law makes it unlawful, or any Official Body asserts that it is unlawful, for any such Person to fund or maintain any Advance as a Eurodollar Advance, the obligation of such Person to fund or maintain any such
Advance as a Eurodollar Advance shall, upon such determination, forthwith be suspended until such Person shall notify the Administrative Agent, the related Funding Agent, the Manager and the Co-Issuers that
the circumstances causing such suspension no longer exist, and all then-outstanding Eurodollar Advances of such Person shall be automatically converted into Base Rate Advances at the end of the then-current Eurodollar Interest Period with respect
thereto or sooner, if required by such law or assertion. 
 Section 3.04 Deposits Unavailable. If the Administrative Agent shall have
determined that: 
 (a) by reason of circumstances affecting the relevant market, adequate and reasonable means do not exist for
ascertaining the interest rate applicable hereunder to the Eurodollar Advances; or 
 (b) with respect to any interest rate otherwise
applicable hereunder to any Eurodollar Advances the Eurodollar Interest Period for which has not then commenced, Investor Groups holding in the aggregate more than 50% of the Eurodollar Advances have determined that such interest rate will not
adequately reflect the cost to them of funding, agreeing to fund or maintaining such Eurodollar Advances for such Eurodollar Interest Period, 
 then, upon
notice from the Administrative Agent (which, in the case of clause (b) above, the Administrative Agent shall give upon obtaining actual knowledge that such percentage of the Investor Groups have so determined) to the Funding Agents, the
Manager and the Master Issuer (on behalf of the Co-Issuers), the obligations of the Investors to fund or maintain any Advance as a Eurodollar Advance after the end of the then-current Eurodollar Interest
Period, if any, with respect thereto shall forthwith be suspended and on the date such notice is given such Advances will convert to Base Rate Advances until the Administrative Agent has notified the Funding Agents and the Master Issuer (on behalf
of the Co-Issuers) that the circumstances causing such suspension no longer exist. 
 Section 3.05
Increased Costs, etc. The Co-Issuers jointly and severally agree to reimburse each Investor and any Program Support Provider (each, an “Affected Person”, which term, for purposes of
Sections 3.07, 3.08 and 3.09, shall also include the Swingline Lender and the L/C Issuing Bank) for any increase in the cost of, or any reduction in the amount of any sum receivable by any such Affected Person, including
reductions in the rate of return on such Affected Person’s capital, in respect of funding or maintaining (or of its obligation to fund or maintain) any Advances that arise in connection with any Change in Law, except for any Change in Law with
respect to increased capital costs and Taxes which shall be governed by Sections 3.07 and 3.08, respectively (whether or not amounts are payable thereunder in respect thereof). Each such demand shall be provided to the related Funding
Agent and the Co-Issuers in writing and shall 

  
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state, in reasonable detail, the reasons therefor and the additional amount required fully to compensate such Affected Person for such increased cost or reduced amount of return. Such additional
amounts (“Increased Costs”) shall be deposited into the Collection Account by the Co-Issuers within five (5) Business Days of receipt of such notice to be payable as Class A-1 Senior Notes Other Amounts, subject to and in accordance with the Priority of Payments, to the Administrative Agent and by the Administrative Agent to such Funding Agent and by such Funding Agent
directly to such Affected Person, and such notice shall, in the absence of manifest error, be conclusive and binding on the Co-Issuers; provided that with respect to any notice given to the Co-Issuers under this Section 3.05, the Co-Issuers shall not be under any obligation to pay any amount with respect to any period prior to the date
that is nine (9) months prior to such demand if the relevant Affected Person knew or could reasonably have been expected to know of the circumstances giving rise to such increased costs or reductions in the rate of return (except that, if the
Change in Law giving rise to such increased costs or reductions is retroactive, then the nine-month period referred to above shall be extended to include the period of retroactive effect thereof). 

Section 3.06 Funding Losses. In the event any Affected Person shall incur any loss or expense (including any loss or expense incurred
by reason of the liquidation or reemployment of deposits or other funds acquired by such Affected Person to fund or maintain any portion of the principal amount of any Advance as a Eurodollar Advance) as a result of: 

(a) any conversion, repayment, prepayment or redemption (for any reason, including, without limitation, as a result of any Mandatory Decrease
or Voluntary Decrease, or the acceleration of the maturity of such Eurodollar Advance) of the principal amount of any Eurodollar Advance on a date other than the scheduled last day of the Eurodollar Interest Period applicable thereto; 

(b) any Advance not being funded or maintained as a Eurodollar Advance after a request therefor has been made in accordance with the terms
contained herein (for a reason other than the failure of such Affected Person to make an Advance after all conditions thereto have been met); or 

(c) any failure of the Co-Issuers to make a Mandatory Decrease or a Voluntary Decrease, prepayment or
redemption with respect to any Eurodollar Advance after giving notice thereof pursuant to the applicable provisions of the Series 2017-1 Supplement; 

then, upon the written notice of any Affected Person to the related Funding Agent and the Co-Issuers, the Co-Issuers jointly and severally shall deposit into the Collection Account (within five (5) Business Days of receipt of such notice) to be payable as Class A-1
Senior Notes Other Amounts, subject to and in accordance with the Priority of Payments, to the Administrative Agent and by the Administrative Agent to such Funding Agent and such Funding Agent shall pay directly to such Affected Person such amount
(“Breakage Amount” or “Series 2017-1 Class A-1 Breakage Amount”) as will (in the reasonable determination of such
Affected Person) reimburse such Affected Person for such loss or expense; provided that with respect to any notice given to the Co-Issuers under this Section 3.06, the Co-Issuers shall not be under any obligation to pay any amount with respect to any period prior to the date that is nine (9) months prior to such demand if the relevant Affected Person knew or could reasonably
have been 

  
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expected to know of the circumstances giving rise to such loss or expense. Such written notice (which shall include calculations in reasonable detail) shall, in the absence of manifest error, be
conclusive and binding on the Co-Issuers. 
 Section 3.07 Increased Capital or Liquidity
Costs. If any Change in Law affects or would affect the amount of capital or liquidity required or reasonably expected to be maintained by any Affected Person or any Person controlling such Affected Person and such Affected Person determines in
its sole and absolute discretion that the rate of return on its or such controlling Person’s capital as a consequence of its commitment hereunder or under a Program Support Agreement or the Advances, Swingline Loans or Letters of Credit made or
issued by such Affected Person is reduced to a level below that which such Affected Person or such controlling Person would have achieved but for the occurrence of any such circumstance, then, in any such case after notice from time to time by such
Affected Person (or in the case of an L/C Issuing Bank, by the L/C Provider) to the related Funding Agent and the Co-Issuers (or, in the case of the Swingline Lender or the L/C Provider, to the Co-Issuers), the Co-Issuers jointly and severally shall deposit into the Collection Account within five (5) Business Days of the
Co-Issuers’ receipt of such notice, to be payable as Class A-1 Senior Notes Other Amounts, subject to and in accordance with the Priority of Payments, to the
Administrative Agent and by the Administrative Agent to such Funding Agent (or, in the case of the Swingline Lender or the L/C Provider, directly to such Person) and such Funding Agent shall pay to such Affected Person, such amounts
(“Increased Capital Costs”) as will be sufficient to compensate such Affected Person or such controlling Person for such reduction in rate of return; provided that with respect to any notice given to the Co-Issuers under this Section 3.07, the Co-Issuers shall not be under any obligation to pay any amount with respect to any period prior to the date
that is nine (9) months prior to such demand if the relevant Affected Person knew or could reasonably have been expected to know of the Change in Law (except that, if the Change in Law giving rise to such increased costs or reductions is
retroactive, then the nine-month period referred to above shall be extended to include the period of retroactive effect thereof). A statement of such Affected Person as to any such additional amount or amounts (including calculations thereof in
reasonable detail), in the absence of manifest error, shall be conclusive and binding on the Co-Issuers. In determining such additional amount, such Affected Person may use any method of averaging and
attribution that it (in its reasonable discretion) shall deem applicable so long as it applies such method to other similar transactions. 

Section 3.08 Taxes. 
 (a)
Except as otherwise required by law, all payments by the Co-Issuers of principal of, and interest on, the Advances, the Swingline Loans and the L/C Obligations and all other amounts payable hereunder
(including fees) shall be made free and clear of and without deduction or withholding for or on account of any present or future income, excise, documentary, property, stamp or franchise taxes and other taxes, fees, duties, withholdings or other
charges in the nature of a tax imposed by any taxing authority including all interest, penalties or additions to tax and other liabilities with respect thereto (all such taxes, fees, duties, withholdings and other charges, and including all
interest, penalties or additions to tax and other liabilities with respect thereto, being called “Class A-1 Taxes”), but excluding in the case of any Affected Person
(i) net income, franchise (imposed in lieu of net income) or similar Class A-1 Taxes (and including branch profits or alternative minimum Class A-1 Taxes)
and any other 

  
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Class A-1 Taxes imposed or levied on the Affected Person as a result of a connection between the Affected Person and the jurisdiction of the
Governmental Authority imposing such Class A-1 Taxes (or any political subdivision or taxing authority thereof or therein) (other than any such connection arising solely from such Affected Person having
executed, delivered or performed its obligations or received a payment under, or enforced, this Agreement or any other Related Document), (ii) with respect to any Affected Person organized under the laws of a jurisdiction other than the United
States or any state of the United States (“Foreign Affected Person”), any withholding Tax that is imposed on amounts payable to the Foreign Affected Person at the time the Foreign Affected Person becomes a party to this Agreement
(or designates a new lending office), except to the extent that such Foreign Affected Person (or its assignor, if any) was already entitled, at the time of the designation of the new lending office (or assignment), to receive additional amounts from
the Co-Issuers with respect to withholding Tax, (iii) with respect to any Affected Person, any Class A-1 Taxes imposed under FATCA, (iv) any backup
withholding Tax and (v) with respect to any Affected Person, any Class A-1 Taxes imposed as a result of such Affected Person’s failure to comply with Section 3.08(d)
(such Class A-1 Taxes not excluded by clauses (i), (ii), (iii) and (iv) above being called “Non-Excluded Taxes”).
If any Class A-1 Taxes are imposed and required by law to be withheld or deducted from any amount payable by the Co-Issuers hereunder to an Affected Person, then,
if such Class A-1 Taxes are Non-Excluded Taxes, (x) the amount of the payment shall be increased so that such payment is made, after withholding or deduction
for or on account of such Non-Excluded Taxes, in an amount that is not less than the amount equal to the sum that would have been received by the Affected Person had no such deduction or withholding been
required and (y) the Co-Issuers shall withhold the amount of such Class A-1 Taxes from such payment (as increased, if applicable, pursuant to the preceding
clause (x)) and shall pay such amount, subject to and in accordance with the Priority of Payments, to the taxing authority imposing such Class A-1 Taxes in accordance with applicable law. 

(b) Moreover, if any Non-Excluded Taxes are directly asserted against any Affected Person with respect
to any payment received by such Affected Person from the Co-Issuers or otherwise in respect of any Related Document or the transactions contemplated therein, such Affected Person may pay such Non-Excluded Taxes and the Co-Issuers will jointly and severally, within fifteen (15) Business Days of the related Funding Agent’s and
Co-Issuers’ receipt of written notice stating the amount of such Non-Excluded Taxes (including the calculation thereof in reasonable detail), deposit into the
Collection Account, to be distributed as Class A-1 Senior Notes Other Amounts, subject to and in accordance with the Priority of Payments, to the Administrative Agent and by the Administrative Agent to
such Funding Agent and by such Funding Agent directly to such Affected Persons, such additional amounts (collectively, “Increased Tax Costs,” which term shall include all amounts payable by or on behalf of any Co-Issuer pursuant to this Section 3.08) as is necessary in order that the net amount received by such Affected Person after the payment of such
Non-Excluded Taxes (including any Non-Excluded Taxes on such Increased Tax Costs) shall equal the amount such Person would have retained had no such Non-Excluded Taxes been asserted. Any amount payable to an Affected Person under this Section 3.08 shall be reduced by, and Increased Tax Costs shall not include, the amount of incremental
damages (including Class A-1 Taxes) due or payable by any Co-Issuer as a direct result of such Affected Person’s failure to demand from the Co-Issuers additional amounts pursuant to this Section 3.08 within 180 days from the date on which the related Non-Excluded Taxes were incurred. 

  
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 (c) As promptly as practicable after the payment of any
Class A-1 Taxes, and in any event within thirty (30) days of any such payment being due, the Co-Issuers shall furnish to each applicable Affected Person or its
agents a certified copy of an official receipt (or other documentary evidence satisfactory to such Affected Person and agents) evidencing the payment of such Class A-1 Taxes. 

(d) Each Affected Person, on or prior to the date it becomes a party to this Agreement (and from time to time thereafter as soon as
practicable after the obsolescence or invalidity of any form or document previously delivered or within a reasonable period of time following a written request by the Co-Issuers), shall deliver to any Co-Issuer (or to more than one Co-Issuer, as the Co-Issuers may reasonably request) and the Administrative Agent a U.S. Internal
Revenue Service Form W-8BEN, Form W-8BEN-E, Form W-8ECI, Form W-8IMY or Form W-9, as applicable, or applicable successor form, or such other forms or documents (or successor forms or documents), appropriately completed and executed, as
may be applicable, as will permit such Co-Issuer (or Co-Issuers) or the Administrative Agent, in their reasonable determination, to establish the extent to which a
payment to such Affected Person is exempt from, or eligible for a reduced rate of, United States federal withholding Taxes including but not limited to, such information necessary to claim the benefits of the exemption for portfolio interest under
section 881(c) of the Code and to determine whether or not such Affected Person is subject to backup withholding or information reporting requirements. Promptly following the receipt of a written request by the
Co-Issuers or the Administrative Agent, each Affected Person shall deliver to any Co-Issuer (or to more than one Co-Issuer, as
the Co-Issuers may reasonably request) and the Administrative Agent any other forms or documents (or successor forms or documents), appropriately completed and executed, as may be applicable to establish the
extent to which a payment to such Affected Person is exempt from withholding or deduction of Non-Excluded Taxes other than United States federal withholding Taxes. The
Co-Issuers and the Administrative Agent (or other withholding agent selected by the Co-Issuers) may rely on any form or document provided pursuant to this
Section 3.08(d) until notified otherwise by the Affected Person that delivered such form or document. Notwithstanding anything to the contrary, no Affected Person shall be required to deliver any documentation that it is
not legally eligible to deliver as a result of a change in applicable law after the time the Affected Person becomes a party to this Agreement (or designates a new lending office). 

(e) The Administrative Agent, Trustee, Paying Agent or any other withholding agent may deduct and withhold any
Class A-1 Taxes required by any laws to be deducted and withheld from any payments pursuant to this Agreement. 

(f) If any Governmental Authority asserts that the Co-Issuers or the Administrative Agent or other
withholding agent did not properly withhold or backup withhold, as the case may be, any Class A-1 Taxes from payments made to or for the account of any Affected Person, then to the extent such improper
withholding or backup withholding was directly caused by such Affected Person’s actions or inactions, such Affected Person shall indemnify the Co-Issuers, Trustee, Paying Agent and the Administrative
Agent for any Class A-1 Taxes imposed by any jurisdiction on the amounts payable to the Co-Issuers and the Administrative Agent under this
Section 3.08, and costs and expenses (including attorney costs) of the Co-Issuers, Trustee, Paying Agent and the Administrative Agent. The obligation of the Affected Persons,
severally, under this Section 3.08 shall survive any assignment of rights by, or the replacement of, an Affected Person or the termination of the aggregate Commitments, repayment of all other Obligations hereunder and the
resignation of the Administrative Agent. 

  
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 (g) Prior to the Series 2017-1 Closing Date, the
Administrative Agent will provide the Co-Issuers with a properly executed and completed U.S. Internal Revenue Service Form W-8IMY or
W-9, as appropriate. 
 (h) If an Affected Person determines, in its sole reasonable discretion,
that it has received a refund of any Non-Excluded Taxes as to which it has been indemnified pursuant to this Section 3.08 or as to which it has been paid additional amounts pursuant
to this Section 3.08, it shall promptly notify the Co-Issuers and the Manager in writing of such refund and shall, within 30 days after receipt of a written request from the Co-Issuers, pay over such refund to a Co-Issuer (but only to the extent of indemnity payments made or additional amounts paid to such Affected Person under this
Section 3.08 with respect to the Non-Excluded Taxes giving rise to such refund), net of all
out-of-pocket expenses (including the net amount of Taxes, if any, imposed on or with respect to such refund or payment) of the Affected Person and without interest
(other than any interest paid by the relevant taxing authority that is directly attributable to such refund of such Non-Excluded Taxes); provided that the
Co-Issuers, immediately upon the request of the Affected Person to any Co-Issuer (which request shall include a calculation in reasonable detail of the amount to be
repaid) agrees to repay the amount of the refund (and any applicable interest) (plus any penalties, interest or other charges imposed by the relevant taxing authority with respect to such amount) to the Affected Person in the event the Affected
Person or any other Person is required to repay such refund to such taxing authority. This Section 3.08 shall not be construed to require the Affected Person to make available its Tax returns (or any other information relating to its
Taxes that it reasonably deems confidential) to the Co-Issuers or any other Person. 
 Section 3.09
Change of Lending Office. Each Committed Note Purchaser agrees that, upon the occurrence of any event giving rise to the operation of Sections 3.05 or 3.07 or the payment of additional amounts under Sections 3.08(a) or
(b), in each case with respect to an Affected Person in such Committed Note Purchaser’s Investor Group, it will, if requested by the Co-Issuers, use reasonable efforts (subject to overall policy
considerations of such Committed Note Purchaser) to designate, or cause the designation of, another lending office for any Advances affected by such event with the object of avoiding the consequences of such event; provided that such
designation is made on terms that, in the sole judgment of such Committed Note Purchaser, cause such Committed Note Purchaser and its lending office(s) or the related Affected Person to suffer no economic, legal or regulatory disadvantage;
provided, further, that nothing in this Section 3.09 shall affect or postpone any of the obligations of the Co-Issuers or the rights of any Committed Note Purchaser
pursuant to Sections 3.05, 3.07 and 3.08. If a Committed Note Purchaser notifies the Co-Issuers in writing that such Committed Note Purchaser will be unable to designate, or cause the
designation of, another lending office, the Co-Issuers may replace every member (but not any subset thereof) of such Committed Note Purchaser’s entire Investor Group by giving written notice to each
member of such Investor Group and the Administrative Agent designating one or more Persons that are willing and able to purchase each member of such Investor Group’s rights and obligations under this Agreement for a purchase price that, with
respect to each such member of such Investor Group, will equal the amount owed to each such member of such Investor Group with respect to the Series 2017-1
Class A-1 Advance Notes 

  
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(whether arising under the Indenture, this Agreement, the Series 2017-1 Class A-1 Advance Notes or otherwise).
Upon receipt of such written notice, each member of such Investor Group shall assign its rights and obligations under this Agreement pursuant to and in accordance with Sections 9.17(a), (b) and (c), as applicable, in
consideration for such purchase price and at the reasonable expense of the Co-Issuers (including, without limitation, the reasonable documented fees and out-of-pocket expenses of counsel to each such member); provided, however, that no member of such Investor Group shall be obligated to assign any of its rights and obligations under this Agreement if
the purchase price to be paid to such member is not at least equal to the amount owed to such member with respect to the Series 2017-1 Class A-1 Advance Notes
(whether arising under the Indenture, this Agreement, the Series 2017-1 Class A-1 Advance Notes or otherwise). 

ARTICLE IV 
 OTHER
PAYMENT TERMS 
 Section 4.01 Time and Method of Payment (Amounts Distributed by the Administrative Agent). Except as
otherwise provided in Section 4.02, all amounts payable to any Funding Agent or Investor hereunder or with respect to the Series 2017-1
Class A-1 Advance Notes shall be made to the Administrative Agent for the benefit of the applicable Person, by wire transfer of immediately available funds in Dollars not later than 1:00 p.m. (New York
City time) on the date due. The Administrative Agent will promptly, and in any event by 5:00 p.m. (New York City time) on the same Business Day as its receipt or deemed receipt of the same, distribute to the applicable Funding Agent for the benefit
of the applicable Person, or upon the order of the applicable Funding Agent for the benefit of the applicable Person, its pro rata share (or other applicable share as provided herein) of such payment by wire transfer in like funds as
received. 
 Except as otherwise provided in Section 2.07 and Section 4.02, all amounts
payable to the Swingline Lender or the L/C Provider hereunder or with respect to the Swingline Loans and L/C Obligations shall be made to or upon the order of the Swingline Lender or the L/C Provider, respectively, by wire transfer of immediately
available funds in Dollars not later than 1:00 p.m. (New York City time) on the date due. Any funds received after that time on such date will be deemed to have been received on the next Business Day. 

The Co-Issuers’ obligations hereunder in respect of any amounts payable to any Investor shall be
discharged to the extent funds are disbursed by the Co-Issuers to the Administrative Agent as provided herein or by the Trustee or Paying Agent in accordance with Section 4.02,
whether or not such funds are properly applied by the Administrative Agent or by the Trustee or Paying Agent. The Administrative Agent’s obligations hereunder in respect of any amounts payable to any Investor shall be discharged to the extent
funds are disbursed by the Administrative Agent to the applicable Funding Agent as provided herein whether or not such funds are properly applied by such Funding Agent. 

Section 4.02 Order of Distributions (Amounts Distributed by the Trustee or the Paying Agent). (a) Subject to
Section 9.18(c)(ii), any amounts deposited into the Series 2017-1 Class A-1 Distribution Account (including amounts in respect of accrued
interest, letter of credit fees or undrawn commitment fees but excluding amounts allocated for the purpose of reducing the Series 2017-1 Class A-1

  
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Outstanding Principal Balance shall be distributed by the Trustee or the Paying Agent, as applicable, on the date due and payable under the Indenture and in the manner provided therein, ratably
to the Series 2017-1 Class A-1 Noteholders of record on the applicable Record Date in respect of the amounts due to such payees at each applicable level of the
Priority of Payments, in accordance with the applicable Quarterly Manager’s Certificate or the written report provided to the Trustee pursuant to Section 2.2(b) of the Series 2017-1 Supplement, as
applicable. 
 (b) Subject to Section 9.18(c)(ii), any amounts deposited into the Series 2017-1 Class A-1 Distribution Account for the purpose of reducing the Series 2017-1
Class A-1 Outstanding Principal Balance shall be distributed by the Trustee or the Paying Agent, as applicable, on the date due and payable under the Indenture and in the manner provided therein, to the
Series 2017-1 Class A-1 Noteholders of record on the applicable Record Date, in the following order of priority (which the
Co-Issuers shall cause to be set forth in the applicable Quarterly Manager’s Certificate or the written report provided to the Trustee pursuant to Section 2.2(b) of the Series 2017-1 Supplement, as applicable): first, to the Swingline Lender and the L/C Provider in respect of outstanding Swingline Loans and Unreimbursed L/C Drawings, ratably in proportion to the respective amounts
due to such payees; second, to the other Series 2017-1 Class A-1 Noteholders in respect of their outstanding Advances, ratably in proportion thereto; and,
third, any balance remaining of such amounts (up to an aggregate amount not to exceed the amount of Undrawn L/C Face Amounts at such time) shall be paid to the L/C Provider, to be deposited by the L/C Provider into a cash collateral account
in the name of the L/C Provider in accordance with Section 4.03(b). 
 (c) Any amounts distributed to the
Administrative Agent pursuant to the Priority of Payments in respect of any other amounts related to the Class A-1 Notes shall be distributed by the Administrative Agent in accordance with
Section 4.01 on the date such amounts are due and payable hereunder to the applicable Series 2017-1 Class A-1 Noteholders and/or the
Administrative Agent for its own account, as applicable, ratably in proportion to the respective aggregate of such amounts due to such payees. 

Section 4.03 L/C Cash Collateral. (a) If, as of any date, any Undrawn L/C Face Amounts remain in effect, the Co-Issuers at their option may provide cash collateral (“Voluntary Cash Collateral”) in an amount equal to all or any part of such Undrawn L/C Face Amounts. Notwithstanding the foregoing, as of the
Required Expiration Date, if any Undrawn L/C Face Amounts remain in effect, the Co-Issuers shall either (i) provide cash collateral (in an aggregate amount equal to the amount of Undrawn L/C Face Amounts
at such time, to the extent that such amount of cash collateral has not been provided pursuant to Section 4.02, this Section 4.03(a) or Section 9.18(c)(ii)) to the L/C
Provider, to be deposited by the L/C Provider into a cash collateral account in the name of the Master Issuer in accordance with Section 4.03(b) or (ii) other than with respect to Interest Reserve Letters of Credit,
make arrangements satisfactory to the L/C Provider in its sole and absolute discretion with the L/C Provider (and, if the L/C Provider is not the L/C Issuing Bank with respect to such Letter of Credit, the L/C Issuing Bank) pursuant to
Section 4.04 such that any Letters of Credit that remain outstanding as of the date that is ten Business Days prior to the Commitment Termination Date shall cease to be deemed outstanding or to be deemed “Letters of
Credit” for purposes of this Agreement as of the Commitment Termination Date. 

  
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 (b) All amounts to be deposited in a cash collateral account pursuant to
Section 4.02, Section 4.03(a) or Section 9.18(c)(ii) shall be held by the L/C Provider or by another financial institution acceptable to the Master Issuer and the L/C
Provider in an account (the “Cash Collateral Account”) over which the L/C Provider has “control” for purposes of the UCC as collateral to secure the Co-Issuers’ Reimbursement
Obligations with respect to any outstanding Letters of Credit. Other than any interest earned on the investment of such deposit in Permitted Investments, which investments shall be made at the written direction, and at the risk and expense, of the
Master Issuer (provided that if an Event of Default has occurred and is continuing, such investments shall be made solely at the option and sole discretion of the L/C Provider), such deposits shall not bear interest. Interest or profits, if
any, on such investments shall accumulate in the Cash Collateral Account and all Taxes on such amounts shall be payable by the Co-Issuers. Moneys in the Cash Collateral Account shall automatically be applied
by such L/C Provider to reimburse it for any Unreimbursed L/C Drawings. The Co-Issuers at their option may withdraw, or if the L/C Provider is exercising exclusive control over the Cash Collateral Account, may
require the L/C Provider to withdraw, any Voluntary Cash Collateral deposited to the Cash Collateral Account and remit such Voluntary Cash Collateral to the Master Issuer upon five Business Days’ prior written notice to the L/C Provider;
provided that the consent of the L/C Provider shall be required for any such withdrawal if an Event of Default has occurred and is continuing, a Cash Trapping Period is in effect, a Rapid Amortization Period is continuing or the withdrawal is
to be made on or after the Required Expiration Date. 
 Upon expiration of all then-outstanding Letters of Credit and payment in full of all
Unreimbursed L/C Drawings, any balance remaining in the Cash Collateral Account shall be paid over first, to the Master Issuer, in an amount equal to the lesser of such balance and the amount of Voluntary Cash Collateral in the Cash
Collateral Account, and then, from funds remaining on deposit in the Cash Collateral Account, (i) if the Base Indenture and any Series Supplement remain in effect, to the Trustee to be deposited into the Collection Account and
distributed in accordance with the terms of the Base Indenture and (ii) otherwise to the Master Issuer; provided that, upon an Investor ceasing to be a Defaulting Investor in accordance with Section 9.18(d), any
amounts of cash collateral provided pursuant to Section 9.18(c)(ii) upon such Investor becoming a Defaulting Investor shall be released and applied as such amounts would have been applied had such Investor not become a
Defaulting Investor. 
 Section 4.04 Alternative Arrangements with Respect to Letters of Credit. Notwithstanding any other provision
of this Agreement or any Related Document, a Letter of Credit (other than an Interest Reserve Letter of Credit) shall cease to be deemed outstanding for all purposes of this Agreement and each other Related Document if and to the extent that
provisions, in form and substance satisfactory to the L/C Provider (and, if the L/C Provider is not the L/C Issuing Bank with respect to such Letter of Credit, the L/C Issuing Bank) in its sole and absolute discretion, have been made with respect to
such Letter of Credit such that the L/C Provider (and, if applicable, the L/C Issuing Bank) has agreed in writing, with a copy of such agreement delivered to the Administrative Agent, the Control Party, the Trustee and the Master Issuer, that such
Letter of Credit shall be deemed to be no longer outstanding hereunder, in which event such Letter of Credit shall cease to be a “Letter of Credit” as such term is used herein and in the Related Documents. 

  
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 ARTICLE V 

THE ADMINISTRATIVE AGENT AND THE FUNDING AGENTS 

Section 5.01 Authorization and Action of the Administrative Agent. Each of the Lender Parties and the Funding Agents hereby designates
and appoints Coöperatieve Rabobank U.A., New York Branch, as the Administrative Agent hereunder, and hereby authorizes the Administrative Agent to take such actions as agent on their behalf and to exercise such powers as are delegated to the
Administrative Agent by the terms of this Agreement, together with such powers as are reasonably incidental thereto. The Administrative Agent shall not have any duties or responsibilities, except those expressly set forth herein, or any fiduciary
relationship with any Lender Party or any Funding Agent, and no implied covenants, functions, responsibilities, duties, obligations or liabilities on the part of the Administrative Agent shall be read into this Agreement or otherwise exist for the
Administrative Agent. In performing its functions and duties hereunder, the Administrative Agent shall act solely as agent for the Lender Parties and the Funding Agents and does not assume, nor shall it be deemed to have assumed, any obligation or
relationship of trust or agency with or for the Co-Issuers or any of its successors or assigns. The provisions of this Article (other than the rights of the Co-Issuers
set forth in Section 5.07) are solely for the benefit of the Administrative Agent, the Lender Parties and the Funding Agents, and the Co-Issuers shall not have any rights as a
third-party beneficiary of any such provisions. The Administrative Agent shall not be required to take any action that, in its opinion or the opinion of its counsel, exposes the Administrative Agent to personal liability or that is contrary to this
Agreement or any Requirement of Law. The appointment and authority of the Administrative Agent hereunder shall terminate upon the indefeasible payment in full of the Series 2017-1 Class A-1 Notes and all other amounts owed by the Co-Issuers hereunder to the Administrative Agent, all members of the Investor Groups, the Swingline Lender and the L/C
Provider (the “Aggregate Unpaids”) and termination in full of all Commitments and the Swingline Commitment and the L/C Commitment. 

Section 5.02 Delegation of Duties. The Administrative Agent may execute any of its duties under this Agreement by or through agents or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties. The exculpatory provisions of this Article shall apply to any
such agents or attorneys-in-fact and shall apply to their respective activities as Administrative Agent. The Administrative Agent shall not be responsible for the
actions of any agents or attorneys-in-fact selected by it in good faith. 

Section 5.03 Exculpatory Provisions. Neither the Administrative Agent nor any of its directors, officers, agents or employees shall be
(a) liable for any action lawfully taken or omitted to be taken by it or them under or in connection with this Agreement (except for its, their or such Person’s own gross negligence or willful misconduct as determined by a court of competent
jurisdiction by a final and nonappealable judgment), or (b) responsible in any manner to any Lender Party or any Funding Agent for any recitals, statements, representations or warranties made by the Co-Issuers contained in this Agreement or in any
certificate, report, statement or other document referred to or provided for in, or received under or in connection with, this Agreement for the due execution, legality, value, validity, effectiveness, genuineness, enforceability or sufficiency of
this Agreement or any other document furnished in connection herewith, or for any failure of any Co-Issuer to perform its obligations hereunder, or for the satisfaction of any condition specified in

  
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Article VII. The Administrative Agent shall not be under any obligation to any Investor or any Funding Agent to ascertain or to inquire as to the observance or performance of any of the
agreements or covenants contained in, or conditions of, this Agreement, or to inspect the properties, books or records of the Co-Issuers. The Administrative Agent shall not be deemed to have knowledge of any
Potential Rapid Amortization Event, Rapid Amortization Event, Default or Event of Default unless the Administrative Agent has received notice in writing of such event from any Co-Issuer, any Lender Party or
any Funding Agent. 
 Section 5.04 Reliance. The Administrative Agent shall in all cases be entitled to rely, and shall be fully
protected in relying, upon any document or conversation believed by it to be genuine and correct and to have been signed, sent or made by the proper Person or Persons and upon advice and statements of legal counsel (including, without limitation,
counsel to the Co-Issuers), independent accountants and other experts selected by the Administrative Agent. The Administrative Agent shall in all cases be fully justified in failing or refusing to take any
action under this Agreement or any other document furnished in connection herewith unless it shall first receive such advice or concurrence of any Lender Party or any Funding Agent as it deems appropriate or it shall first be indemnified to its
satisfaction by any Lender Party or any Funding Agent; provided that unless and until the Administrative Agent shall have received such advice, the Administrative Agent may take or refrain from taking any action, as the Administrative Agent shall
deem advisable and in the best interests of the Lender Parties and the Funding Agents. The Administrative Agent shall in all cases be fully protected in acting, or in refraining from acting, in accordance with a request of Investor Groups holding
more than 50% of the Commitments and such request and any action taken or failure to act pursuant thereto shall be binding upon the Lender Parties and the Funding Agents. 

Section 5.05 Non-Reliance on the Administrative Agent and Other Purchasers. Each of the Lender
Parties and the Funding Agents expressly acknowledges that neither the Administrative Agent nor any of its officers, directors, employees, agents, attorneys-in-fact or
Affiliates has made any representations or warranties to it and that no act by the Administrative Agent hereafter taken, including, without limitation, any review of the affairs of the Co-Issuers, shall be
deemed to constitute any representation or warranty by the Administrative Agent. Each of the Lender Parties and the Funding Agents represents and warrants to the Administrative Agent that it has and will, independently and without reliance upon the
Administrative Agent and based on such documents and information as it has deemed appropriate, made its own appraisal of and investigation into the business, operations, property, prospects, financial and other conditions and creditworthiness of the
Co-Issuers and made its own decision to enter into this Agreement. 
 Section 5.06 The
Administrative Agent in its Individual Capacity. The Administrative Agent and any of its Affiliates may make loans to, accept deposits from, and generally engage in any kind of business with the Co-Issuers
or any Affiliate of the Co-Issuers as though the Administrative Agent were not the Administrative Agent hereunder. 

Section 5.07 Successor Administrative Agent; Defaulting Administrative Agent. 

(a) The Administrative Agent may, upon 30 days’ notice to the Master Issuer (on behalf of the
Co-Issuers) and each of the Lender Parties and the Funding Agents, and the Administrative Agent will, upon the direction of Investor Groups holding 100% of the

  
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Commitments (excluding any Commitments held by Defaulting Investors), resign as Administrative Agent. If the Administrative Agent shall resign, then the Investor Groups holding more than
(i) if no single Investor Group holds more than 50% of the Commitments, 50% of the Commitments or (ii) if a single Investor Group holds more than 50% of the Commitments, three-fourths of the Commitments (excluding any Commitments held by
the resigning Administrative Agent or its Affiliates, and if all Commitments are held by the resigning Administrative Agent or its Affiliates, then the Co-Issuers), during such
30-day period, shall appoint an Affiliate of a member of the Investor Groups as a successor administrative agent, subject to the consent of (i) the Co-Issuers, at
all times other than while an Event of Default has occurred and is continuing (which consent of the Co-Issuers shall not be unreasonably withheld or delayed) and (ii) the Control Party (which consent of
the Control Party shall not be unreasonably withheld or delayed); provided that the Commitment of any Defaulting Investor shall be disregarded in the determination of whether any threshold percentage of Commitments has been met under this
Section 5.07(a). If for any reason no successor Administrative Agent is appointed by the Investor Groups during such 30-day period, then, effective upon the expiration of such 30-day period, the Co-Issuers shall make all payments in respect of the Aggregate Unpaids or under any fee letter delivered in connection herewith (including, without
limitation, the Series 2017-1 Class A-1 VFN Fee Letter) directly to the Funding Agents or the Swingline Lender or the L/C Provider, as applicable, and the Co-Issuers for all purposes shall deal directly with the Funding Agents or the Swingline Lender or the L/C Provider, as applicable, until such time, if any, as a successor administrative agent is appointed as
provided above, and the Co-Issuers shall instruct the Trustee in writing accordingly. After any retiring Administrative Agent’s resignation hereunder as Administrative Agent, the provisions of
Section 9.05 and this Article V shall inure to its benefit as to any actions taken or omitted to be taken by it while it was the Administrative Agent under this Agreement. 

(b) The Co-Issuers may, upon the occurrence of any of the following events (any such event, a
“Defaulting Administrative Agent Event”) and with the consent of Investor Groups holding more than (i) if no single Investor Group holds more than 50% of the Commitments, 50% of the Commitments or (ii) if a single Investor
Group holds more than 50% of the Commitments, three-fourths of the Commitments, remove the Administrative Agent and, upon such removal, the Investor Groups holding more than 50% of the Commitments in the case of clause (i) above or
three-fourths of the Commitments in the case of clause (ii) above (provided that the Commitment of any Defaulting Investor shall be disregarded in the determination of whether any threshold percentage of Commitments has been met under
this Section 5.07(b)) shall appoint an Affiliate of a member of the Investor Groups as a successor administrative agent, subject to the consent of (x) the Co-Issuers, at all times
other than while an Event of Default has occurred and is continuing (which consent of the Co-Issuers shall not be unreasonably withheld or delayed) and (y) the Control Party (which consent of the Control Party
shall not be unreasonably withheld or delayed): (i) an Event of Bankruptcy with respect to the Administrative Agent; (ii) if the Person acting as Administrative Agent or an Affiliate thereof is also an Investor, any other event pursuant to which
such Person becomes a Defaulting Investor; (iii) the failure by the Administrative Agent to pay or remit any funds required to be remitted when due (in each case, if amounts are available for payment or remittance in accordance with the terms
of this Agreement for application to the payment or remittance thereof) which continues for two (2) Business Days after such funds were required to be paid or remitted; (iv) any representation, warranty, certification or statement made by the
Administrative Agent under 

  
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this Agreement or in any agreement, certificate, report or other document furnished by the Administrative Agent proves to have been false or misleading in any material respect as of the time made
or deemed made, and if such representation, warranty, certification or statement is susceptible of remedy in all material respects, is not remedied within thirty (30) calendar days after knowledge thereof or notice by the Co-Issuers to the Administrative Agent, and if not susceptible of remedy in all material respects, upon notice by the Co-Issuers to the Administrative Agent or (v) any
act constituting the gross negligence or willful misconduct of the Administrative Agent. If for any reason no successor Administrative Agent is appointed by the Investor Groups within 30 days of the Administrative Agent’s removal pursuant to
the immediately preceding sentence, then, effective upon the expiration of such 30-day period, the Co-Issuers shall make all payments in respect of the Aggregate Unpaids
or under any fee letter delivered in connection herewith (including, without limitation, the Series 2017-1 Class A-1 VFN Fee Letter) directly to the Funding Agents
or the Swingline Lender or the L/C Provider, as applicable, and the Co-Issuers for all purposes shall deal directly with the Funding Agents or the Swingline Lender or the L/C Provider, as applicable, until
such time, if any, as a successor administrative agent is appointed as provided above, and the Co-Issuers shall instruct the Trustee in writing accordingly. After any Administrative Agent’s removal
hereunder as Administrative Agent, the provisions of Section 9.05 and this Article V shall inure to its benefit as to any actions taken or omitted to be taken by it while it was the Administrative Agent under this
Agreement. 
 (c) If a Defaulting Administrative Agent Event has occurred and is continuing, the
Co-Issuers may make all payments in respect of the Aggregate Unpaids or under any fee letter delivered in connection herewith (including, without limitation, the
Series 2017-1 Class A-1 VFN Fee Letter) directly to the Funding Agents or the Swingline Lender or the L/C Provider, as applicable, and the Co-Issuers for all purposes may deal directly with the Funding Agents or the Swingline Lender or the L/C Provider, as applicable. 

Section 5.08 Authorization and Action of Funding Agents. Each Investor is hereby deemed to have designated and appointed its related
Funding Agent set forth next to such Investor’s name on Schedule I (or identified as such Investor’s Funding Agent pursuant to any applicable Assignment and Assumption Agreement, Investor Group Supplement or Joinder Agreement) as the agent
of such Person hereunder, and hereby authorizes such Funding Agent to take such actions as agent on its behalf and to exercise such powers as are delegated to such Funding Agent by the terms of this Agreement together with such powers as are
reasonably incidental thereto. Each Funding Agent shall not have any duties or responsibilities, except those expressly set forth herein, or any fiduciary relationship with the related Investor Group, and no implied covenants, functions,
responsibilities, duties, obligations or liabilities on the part of such Funding Agent shall be read into this Agreement or otherwise exist for such Funding Agent. In performing its functions and duties hereunder, each Funding Agent shall act solely
as agent for the related Investor Group and does not assume, nor shall it be deemed to have assumed, any obligation or relationship of trust or agency with or for the Co-Issuers, any of their successors or
assigns or any other Person. Each Funding Agent shall not be required to take any action that exposes such Funding Agent to personal liability or that is contrary to this Agreement or any Requirement of Law. The appointment and authority of the
Funding Agents hereunder shall terminate upon the indefeasible payment in full of the Aggregate Unpaids of the Investor Groups and the termination in full of all the Commitments. 

  
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 Section 5.09 Delegation of Duties. Each Funding Agent may execute any of its duties under
this Agreement by or through agents or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties. Each Funding Agent
shall not be responsible for the actions of any agents or attorneys-in-fact selected by it in good faith. 

Section 5.10 Exculpatory Provisions. Each Funding Agent and its Affiliates, and each of their directors, officers, agents or employees
shall not be (a) liable for any action lawfully taken or omitted to be taken by it or them under or in connection with this Agreement (except for its, their or such Person’s own gross negligence or willful misconduct), or
(b) responsible in any manner to the related Investor Group for any recitals, statements, representations or warranties made by the Co-Issuers contained in this Agreement or in any certificate, report,
statement or other document referred to or provided for in, or received under or in connection with, this Agreement, or for the value, validity, effectiveness, genuineness, enforceability or sufficiency of this Agreement or any other document
furnished in connection herewith, or for any failure of any Co-Issuer to perform its obligations hereunder, or for the satisfaction of any condition specified in Article VII. Each Funding Agent shall
not be under any obligation to the related Investor Group to ascertain or to inquire as to the observance or performance of any of the agreements or covenants contained in, or conditions of, this Agreement, or to inspect the properties, books or
records of the Co-Issuers. Each Funding Agent shall not be deemed to have knowledge of any Potential Rapid Amortization Event, Rapid Amortization Event, Default or Event of Default unless such Funding Agent
has received notice of such event from any Co-Issuer or any member of the related Investor Group. 

Section 5.11 Reliance. Each Funding Agent shall in all cases be entitled to rely, and shall be fully protected in relying, upon any
document or conversation believed by it to be genuine and correct and to have been signed, sent or made by the proper Person or Persons and upon advice and statements of the Administrative Agent and legal counsel (including, without limitation,
counsel to the Co-Issuers), independent accountants and other experts selected by such Funding Agent. Each Funding Agent shall in all cases be fully justified in failing or refusing to take any action under
this Agreement or any other document furnished in connection herewith unless it shall first receive such advice or concurrence of the related Investor Group as it deems appropriate or it shall first be indemnified to its satisfaction by the related
Investor Group; provided that unless and until such Funding Agent shall have received such advice, such Funding Agent may take or refrain from taking any action, as such Funding Agent shall deem advisable and in the best interests of the related
Investor Group. Each Funding Agent shall in all cases be fully protected in acting, or in refraining from acting, in accordance with a request of the related Investor Group and such request and any action taken or failure to act pursuant thereto
shall be binding upon the related Investor Group. 
 Section 5.12 Non-Reliance on the Funding
Agent and Other Purchasers. The related Investor Group expressly acknowledges that its Funding Agent and any of its officers, directors, employees, agents,
attorneys-in-fact or Affiliates has not made any representations or warranties to it and that no act by such Funding Agent hereafter taken, including, without
limitation, any review of the affairs of the Co-Issuers, shall be deemed to constitute any representation or warranty by such Funding Agent. The related Investor Group represents and warrants to such Funding
Agent that it has and will, independently and without reliance upon such Funding Agent and based on such documents and information as it has deemed appropriate, made its own appraisal of and investigation into the business, operations, property,
prospects, financial and other conditions and creditworthiness of the Co-Issuers and made its own decision to enter into this Agreement. 

  
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 Section 5.13 The Funding Agent in its Individual Capacity. Each Funding Agent and any of
its Affiliates may make loans to, accept deposits from, and generally engage in any kind of business with the Co-Issuers or any Affiliate of the Co-Issuers as though
such Funding Agent were not a Funding Agent hereunder. 
 Section 5.14 Successor Funding Agent. Each Funding Agent will, upon the
direction of the related Investor Group, resign as such Funding Agent. If such Funding Agent shall resign, then the related Investor Group shall appoint an Affiliate of a member of the related Investor Group as a successor funding agent (it being
understood that such resignation shall not be effective until such successor is appointed). After any retiring Funding Agent’s resignation hereunder as Funding Agent, subject to the limitations set forth herein, the provisions of
Section 9.05 and this Article V shall inure to its benefit as to any actions taken or omitted to be taken by it while it was the Funding Agent under this Agreement. 

ARTICLE VI 

REPRESENTATIONS AND WARRANTIES 

Section 6.01 The Co-Issuers and Guarantors. The
Co-Issuers and the Guarantors jointly and severally represent and warrant to the Administrative Agent and each Lender Party, as of the date of this Agreement, as of the Series
2017-1 Closing Date and as of the date of each Advance made hereunder, that: 
 (a) each of their
representations and warranties made in favor of the Trustee or the Noteholders in the Indenture and the other Related Documents (other than a Related Document relating solely to a Series of Notes other than the Series
2017-1 Notes) is true and correct (i) if not qualified as to materiality or Material Adverse Effect, in all material respects and (ii) if qualified as to materiality or Material Adverse Effect, in
all respects, as of the date originally made, as of the date hereof and as of the Series 2017-1 Closing Date (unless stated to relate solely to an earlier date, in which case such representations and
warranties shall be true and correct in all material respects as of such earlier date); 
 (b) no Potential Rapid Amortization Event, Rapid
Amortization Event, Default or Event of Default has occurred and is continuing; 
 (c) neither they nor or any of their Affiliates, have,
directly or through an agent, engaged in any form of general solicitation or general advertising in connection with the offering of the Series 2017-1 Class A-1
Notes under the Securities Act or in any manner involving a public offering within the meaning of Section 4(a)(2) of the Securities Act, including, but not limited to, articles, notices or other communications published in any newspaper,
magazine, or similar medium or broadcast over television or radio or any seminar or meeting whose attendees have been invited by any general solicitation or general advertising; provided that no representation or warranty is made with respect
to the Lender Parties and their Affiliates; and none of the Co-Issuers nor any of their Affiliates has entered into any contractual 

  
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arrangement with respect to the distribution of the Series 2017-1 Class A-1 Notes, except for this Agreement
and the other Related Documents, and the Co-Issuers will not enter into any such arrangement; 
 (d)
neither they nor any of their Affiliates have, directly or through any agent, sold, offered for sale, solicited offers to buy or otherwise negotiated in respect of, any “security” (as defined in the Securities Act) that is or will be
integrated with the sale of the Series 2017-1 Class A-1 Notes in a manner that would require the registration of the Series
2017-1 Class A-1 Notes under the Securities Act; 
 (e)
assuming the representations and warranties of each Lender Party set forth in Section 6.03 are true and correct, the offer and sale of the Series 2017-1
Class A-1 Notes in the manner contemplated by this Agreement is a transaction exempt from the registration requirements of the Securities Act, and the Base Indenture is not required to be qualified under
the United States Trust Indenture Act of 1939, as amended; 
 (f) the Co-Issuers have furnished to
the Administrative Agent and each Funding Agent true, accurate and complete copies of all other Related Documents (excluding Series Supplements and other Related Documents relating solely to a Series of Notes other than the Series 2017-1 Notes) to which they are a party as of the Series 2017-1 Closing Date, all of which Related Documents are in full force and effect as of the Series 2017-1 Closing Date and no terms of any such agreements or documents have been amended, modified or otherwise waived as of such date, other than such amendments, modifications or waivers about which the Co-Issuers have informed each Funding Agent, the Swingline Lender and the L/C Provider; 
 (g) no Co-Issuer is an “investment company” as defined in Section 3(a)(1) of the 1940 Act, and therefore has no need (x) to rely solely on the exemption from the definition of “investment
company” set forth in Section 3(c)(1) and/or Section 3(c)(7) of the 1940 Act or (y) to be entitled to the benefit of the exclusion for loan securitizations in the Volcker Rule under 10 C.F.R. 248.10(c)(8); 

(h) no Co-Issuer or Guarantor has (i) made any unlawful contribution, gift, entertainment or
other unlawful expense relating to political activity; (ii) made any direct or indirect unlawful payment to any domestic governmental official or “foreign official” (as defined in the U.S. Foreign Corrupt Practices Act of 1977, as
amended, and the rules and regulations thereunder (collectively, the “FCPA”); (iii) violated any provision of the FCPA, the Bribery Act of 2010 of the United Kingdom or any applicable non-U.S.
anti-bribery statute or regulation; or (iv) made any bribe, rebate, payoff, influence payment, kickback or other unlawful payment; and the Co-Issuers and Guarantors conduct their respective businesses in
compliance with the FCPA and maintain policies and procedures designed to ensure, and which are reasonably expected to continue to ensure, continued compliance therewith; 

(i) the operations of the Co-Issuers and the Guarantors are and have been conducted at all times in
compliance with applicable financial record-keeping and reporting requirements of the Currency and Foreign Transactions Reporting Act of 1970, as amended, the money laundering statutes of all applicable jurisdictions and the rules and regulations
thereunder (collectively, the “Money Laundering Laws”) and no action, suit or proceeding by or before any 

  
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court or governmental agency, authority or body or any arbitrator involving the Co-Issuers or Guarantors with respect to the Money Laundering Laws is
pending or, to the knowledge of such relevant entity, threatened; and 
 (j) no Co-Issuer or
Guarantor is currently the target of any sanctions administered or enforced by the United States Government, including, without limitation, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”), the
U.S. Department of State, the United Nations Security Council, the European Union, Her Majesty’s Treasury (collectively, “Sanctions”); nor is such relevant entity located, organized or resident in a country or territory that is
the target of Sanctions; and no Co-Issuer or Guarantor will directly or indirectly use the proceeds of any Borrowing, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint
venture partner or other person or entity, for the purpose of financing the activities of or business with any person, or in any country or territory, that currently is the target of any Sanctions or in any other manner that would reasonably be
expected to result in a violation by any person (including any person participating in the transaction whether as underwriter, advisor, investor or otherwise) of Sanctions. 

Section 6.02 The Manager. The Manager represents and warrants to the Administrative Agent and each Lender Party as of the date of this
Agreement, as of the Series 2017-1 Closing Date and as of the date of each Advance made hereunder, that (i) no Manager Termination Event has occurred and is continuing and (ii) each representation
and warranty made by it in any Related Document (other than a Related Document relating solely to a Series of Notes other than the Series 2017-1 Notes and other than any representation or warranty in
Section 4.1(i) or (j) of any Contribution and Sale Agreement or Article V of the Management Agreement) to which it is a party (including any representations and warranties made by it in its capacity as Manager)
is true and correct (a) if not qualified as to materiality or Material Adverse Effect, in all material respects and (b) if qualified as to materiality or Material Adverse Effect, in all respects as of the date originally made, as of the
date hereof and as of the Series 2017-1 Closing Date (unless stated to relate solely to an earlier date, in which case such representations and warranties were true and correct in all material respects as of
such earlier date). 
 Section 6.03 Lender Parties. Each of the Lender Parties represents and warrants to the Co-Issuers and the Manager as of the date hereof (or, in the case of a successor or assign of an Investor, as of the subsequent date on which such successor or assign shall become or be deemed to become a party
hereto) that: 
 (a) it has had an opportunity to discuss the Co-Issuers’ and the
Manager’s business, management and financial affairs, and the terms and conditions of the proposed purchase of the Series 2017-1 Class A-1 Notes, with the Co-Issuers and the Manager and their respective representatives; 
 (b) it is a “qualified
institutional buyer” within the meaning of Rule 144A under the Securities Act and has sufficient knowledge and experience in financial and business matters to be capable of evaluating the merits and risks of investing in, and is able and
prepared to bear the economic risk of investing in, the Series 2017-1 Class A-1 Notes; 

  
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 (c) it is purchasing the Series 2017-1 Class A-1 Notes for its own account, or for the account of one or more “qualified institutional buyers” within the meaning of Rule 144A under the Securities Act that meet the criteria described in
clause (b) above and for which it is acting with complete investment discretion, for investment purposes only and not with a view to a distribution in violation of the Securities Act, subject, nevertheless, to the understanding that the
disposition of its property shall at all times be and remain within its control, and neither it nor its Affiliates has engaged in any general solicitation or general advertising within the meaning of the Securities Act, or the rules and regulations
promulgated thereunder, with respect to the Series 2017-1 Class A-1 Notes; 

(d) it understands that (i) the Series 2017-1
Class A-1 Notes have not been and will not be registered or qualified under the Securities Act or any applicable state securities laws or the securities laws of any other jurisdiction and are being
offered only in a transaction not involving any public offering within the meaning of the Securities Act and may not be resold or otherwise transferred unless so registered or qualified or unless an exemption from registration or qualification is
available and an opinion of counsel shall have been delivered in advance to the Co-Issuers, (ii) the Co-Issuers are not required to register the Series 2017-1 Class A-1 Notes under the Securities Act or any applicable state securities laws or the securities laws of any other jurisdiction, (iii) any permitted
transferee hereunder must meet the criteria in clause (b) above and (iv) any transfer must comply with the provisions of Section 2.8 of the Base Indenture, Section 4.3 of the Series 2017-1
Supplement and Section 9.03 or 9.17, as applicable, of this Agreement; 
 (e) it will comply with the
requirements of Section 6.03(d) above in connection with any transfer by it of the Series 2017-1 Class A-1 Notes; 

(f) it understands that the Series 2017-1 Class A-1 Notes
will bear the legend set out in the form of Series 2017-1 Class A-1 Notes attached to the Series 2017-1 Supplement and be
subject to the restrictions on transfer described in such legend; 
 (g) it will obtain for the benefit of the Co-Issuers from any purchaser of the Series 2017-1 Class A-1 Notes substantially the same representations and warranties contained
in the foregoing paragraphs; and 
 (h) it has executed a Purchaser’s Letter substantially in the form of Exhibit D hereto. 

ARTICLE VII 

CONDITIONS 

Section 7.01 Conditions to Issuance and Effectiveness. Each Lender Party will have no obligation to purchase the Series 2017-1 Class A-1 Notes hereunder on the Series 2017-1 Closing Date, and the Commitments, the Swingline Commitment and the L/C
Commitment will not become effective, unless: 
 (a) the Base Indenture, the Series 2017-1
Supplement, the Guarantee and Collateral Agreement and the other Related Documents shall be in full force and effect; 

  
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 (b) on the Series 2017-1 Closing Date, the Administrative
Agent shall have received a letter, in form and substance reasonably satisfactory to it, from S&P stating that a long-term rating of at least “BBB+” has been assigned to the Series 2017-1 Class A-1 Notes; 
 (c) at the time of such issuance, the additional conditions set forth in
Schedule III hereto and all other conditions to the issuance of the Series 2017-1 Class A-1 Notes under the Indenture shall have been satisfied or waived by
such Lender Party. 
 Section 7.02 Conditions to Initial Extensions of Credit. The election of each Conduit Investor to fund, and the
obligation of each Committed Note Purchaser to fund, the initial Borrowing hereunder, and the obligations of the Swingline Lender and the L/C Provider to fund the initial Swingline Loan or provide the initial Letter of Credit hereunder,
respectively, shall be subject to the satisfaction of the conditions precedent that (a) each Funding Agent shall have received a duly executed and authenticated Series 2017-1 Class A-1 Advance Note registered in its name or in such other name as shall have been directed by such Funding Agent and stating that the principal amount thereof shall not exceed the Maximum Investor Group
Principal Amount of the related Investor Group; (b) each of the Swingline Lender and the L/C Provider shall have received a duly executed and authenticated Series 2017-1
Class A-1 Swingline Note or Series 2017-1 Class A-1 L/C Note, as applicable, registered in its name or in such
other name as shall have been directed by it and stating that the principal amount thereof shall not exceed the Swingline Commitment or L/C Commitment, respectively; and (c) the Co-Issuers shall have paid
all fees due and payable by them under the Related Documents on the Series 2017-1 Closing Date, including all fees required hereunder. 

Section 7.03 Conditions to Each Extension of Credit. The election of each Conduit Investor to fund, and the obligation of each
Committed Note Purchaser to fund, any Borrowing on any day (including the initial Borrowing but excluding any Borrowings to repay Swingline Loans or L/C Obligations pursuant to Sections 2.05, 2.06 or 2.08, as applicable), and
the obligations of the Swingline Lender to fund any Swingline Loan (including the initial one) and of the L/C Provider to provide any Letter of Credit (including the initial one), respectively, shall be subject to the conditions precedent that, on
the date of such funding or provision, before and after giving effect thereto and to the application of any proceeds therefrom, the following statements shall be true (without regard to any waiver, amendment or other modification of this
Section 7.03 or any definitions used herein consented to by the Control Party unless Investors holding more than (i) if no single Investor Group holds more than 50% of the Commitments, 50% of the Commitments or
(ii) if a single Investor Group holds more than 50% of the Commitments, three-fourths of the Commitments (provided that the Commitment of any Defaulting Investor shall be disregarded in the determination of whether any threshold percentage of
Commitments has been met under this Section 7.03) have consented to such waiver, amendment or other modification for purposes of this Section 7.03); provided, however, that if a Rapid Amortization
Event has occurred and (other than in the case of Section 9.1(e)) has been declared by the Control Party pursuant to Sections 9.1(a), (b), (c), (d), or (e) of the Base Indenture,
consent to such waiver, amendment or other modification from all Investors (provided that it shall not be the obligation of the Control Party to obtain such consent from the Investors) as well as the Control Party is required for purposes of this
Section 7.03: 
 (a) (i) the representations and warranties of the
Co-Issuers set out in this Agreement and (ii) the representations and warranties of the Manager set out in this Agreement, in each such case, shall be true and correct (A) if qualified as to
materiality or Material Adverse Effect, in all respects and (B) if not qualified as to materiality or Material Adverse Effect, in all material respects, as of the date of such funding or issuance, with the same effect as though made on that
date (unless stated to relate solely to an earlier date, in which case such representations and warranties shall have been true and correct as of such earlier date); 

  
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 (b) there shall be no Potential Rapid Amortization Event, Rapid Amortization Event, Default or
Event of Default or Series 2017-1 Cash Trapping Period in existence at the time of, or after giving effect to, such funding or issuance, and no Change of Control to which the Control Party has not
provided its prior written consent; 
 (c) in the case of any Borrowing, except to the extent an advance request is expressly deemed to have
been delivered hereunder, the Co-Issuers shall have delivered or have been deemed to have delivered to the Administrative Agent an executed advance request in the form of Exhibit A-1 hereto with respect to such Borrowing (each such request, an “Advance Request” or a “Series 2017-1 Class A-1 Advance Request”); 
 (d) the Senior Notes Interest Reserve Amount (including any
Senior Notes Interest Reserve Account Deficient Amount) will be funded and/or an Interest Reserve Letter of Credit will be maintained for such amount as of the date of such draw in the amounts required pursuant to the Indenture after giving effect
to such draw; provided that if an Interest Reserve Letter of Credit is requested, such condition shall be satisfied after giving effect to the issuance and delivery thereof; 

(e) all Undrawn Commitment Fees, Administrative Agent Fees and L/C Quarterly Fees due and payable on or prior to the date of such funding or
issuance shall have been paid in full; and 
 (f) all conditions to such extension of credit or provision specified in Sections 2.02,
2.03, 2.06 or 2.07, as applicable, shall have been satisfied. 
 The giving of any notice pursuant to Sections
2.03, 2.06 or 2.07, as applicable, shall constitute a representation and warranty by the Co-Issuers and the Manager that all conditions precedent to such funding or provision have been
satisfied or will be satisfied concurrently therewith. 
 ARTICLE VIII 

COVENANTS 
 Section
8.01 Covenants. Each of the Co-Issuers, jointly and severally, and the Manager, severally, covenants and agrees that, until all Aggregate Unpaids have been paid in full and all Commitments, the
Swingline Commitment and the L/C Commitment have been terminated, it will: 
 (a) unless waived in writing by the Control Party in
accordance with Section 9.7 of the Base Indenture, duly and timely perform all of its covenants (both affirmative and negative) and obligations under each Related Document to which it is a party; 

  
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 (b) not amend, modify, waive or give any approval, consent or permission under any provision of
the Base Indenture or any other Related Document to which it is a party unless any such amendment, modification, waiver or other action is in writing and made in accordance with the terms of the Base Indenture or such other Related Document, as
applicable; 
 (c) at the same time any report, notice or other document is provided to the Rating Agencies and/or the Trustee, or caused to
be provided, by the Co-Issuers or the Manager under the Base Indenture (including, without limitation, under Sections 8.8, 8.9 and/or 8.11 thereof) or under the Series 2017-1 Supplement, provide the Administrative Agent (who shall promptly provide a copy thereof to the Lender Parties) with a copy of such report, notice or other document; provided, however, that
neither the Manager nor the Co-Issuers shall have any obligation under this Section 8.01(c) to deliver to the Administrative Agent copies of any Quarterly Noteholders’ Statements
or Quarterly Manager’s Certificates that relate solely to a Series of Notes other than the Series 2017-1 Notes; 

(d) once per calendar year, following reasonable prior notice from the Administrative Agent (the “Annual Inspection Notice”),
and during regular business hours, permit any one or more of such Administrative Agent, any Funding Agent, the Swingline Lender or the L/C Provider, or any of their respective agents, representatives or permitted assigns, at the Co-Issuers’ expense, access (as a group, and not individually unless only one such Person desires such access) to the offices of the Manager, the Co-Issuers and the
Guarantors, (i) to examine and make copies of and abstracts from all documentation relating to the Collateral on the same terms as are provided to the Trustee under Section 8.6 of the Base Indenture, and (ii) to
visit the offices and properties of the Manager, the Co-Issuers and the Guarantors for the purpose of examining such materials described in clause (i) above, and to discuss matters relating to the
Collateral, or the administration and performance of the Base Indenture, the Series 2017-1 Supplement and the other Related Documents with any of the officers or employees of, the Manager, the Co-Issuers and/or the Guarantors, as applicable, having knowledge of such matters; provided, however, that upon the occurrence and continuation of a Potential Rapid Amortization Event, Rapid Amortization
Event, Cash Trapping Period, Default or Event of Default, the Administrative Agent, any Funding Agent, the Swingline Lender or the L/C Provider, or any of their respective agents, representatives or permitted assigns, at the Co-Issuers’ expense may do any of the foregoing at any time during normal business hours and without advance notice; provided, further, that, in addition to any visits made pursuant to provision of an
Annual Inspection Notice or during the continuation of a Potential Rapid Amortization Event, Rapid Amortization Event, Default or Event of Default, the Administrative Agent, any Funding Agent, the Swingline Lender or the L/C Provider, or any of
their respective agents, representatives or permitted assigns, at their own expense, may do any of the foregoing at any time during normal business hours following reasonable prior notice with respect to the business of the Co-Issuers and/or the Guarantors; and provided, further, that the Funding Agents, the Swingline Lender and the L/C Provider will be permitted to provide input to the Administrative Agent with respect to the
timing of delivery, and content, of the Annual Inspection Notice; 

  
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 (e) not take, or cause to be taken, any action, including, without limitation, acquiring any
Margin Stock, that could cause the transactions contemplated by the Related Documents to fail to comply with the regulations of the Board of Governors of the Federal Reserve System, including Regulations T, U and X thereof; 

(f) not permit any amounts owed with respect to the Series 2017-1
Class A-1 Notes to be secured, directly or indirectly, by any Margin Stock in a manner that would violate the regulations of the Board of Governors of the Federal Reserve System, including Regulations T,
U and X thereof; 
 (g) promptly provide such additional financial and other information with respect to the Related Documents (other than
Series Supplements and Related Documents relating solely to a Series of Notes other than the Series 2017-1 Notes), the Co-Issuers, the Manager or the Guarantors as the
Administrative Agent may from time to time reasonably request; and 
 (h) deliver to the Administrative Agent (who shall promptly provide a
copy thereof to the Lender Parties), the financial statements prepared pursuant to Section 4.1 of the Base Indenture reasonably contemporaneously with the delivery of such statements under the Base Indenture. 

ARTICLE IX 

MISCELLANEOUS PROVISIONS 

Section 9.01 Amendments. No amendment to or waiver or other modification of any provision of this Agreement, nor consent to any
departure therefrom by the Manager or the Co-Issuers, shall in any event be effective unless the same shall be in writing and signed by the Manager, the Co-Issuers and
the Administrative Agent with the written consent of Investor Groups holding more than (i) if no single Investor Group holds more than 50% of the Commitments, 50% of the Commitments or (ii) if a single Investor Group holds more than 50% of
the Commitments, three-fourths of the Commitments; provided that the Commitment of any Defaulting Investor shall be disregarded in the determination of whether such threshold percentage of Commitments has been met; provided,
however, that, in addition, (i) the prior written consent of each affected Investor shall be required in connection with any amendment, modification or waiver that (x) increases the amount of the Commitment of such Investor, extends
the Commitment Termination Date or the Series 2017-1 Class A-1 Senior Notes Renewal Date, modifies the conditions to funding such Commitment or otherwise subjects
such Investor to any increased or additional duties or obligations hereunder or in connection herewith (it being understood and agreed that waivers or modifications of conditions precedent, covenants, Defaults or Events of Default or of a mandatory
reduction in the aggregate Commitments shall not constitute an increase of the Commitments of any Lender Party), (y) reduces the amount or delays the timing of payment of any principal, interest, fees or other amounts payable to such Investor
hereunder or (z) would have an effect comparable to any of those set forth in Section 13.2(a) of the Base Indenture that require the consent of each Noteholder or each affected Noteholder; (ii) any amendment, modification or waiver
that affects the rights or duties of any of the Swingline Lender, the L/C Provider, the Administrative Agent or the Funding Agents shall require the prior written consent 

  
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of such affected Person; and (iii) the prior written consent of each Investor, the Swingline Lender, the L/C Provider, the Administrative Agent and each Funding Agent shall be required in
connection with any amendment, modification or waiver of this Section 9.01. For purposes of any provision of any other Indenture Document relating to any vote, consent, direction or the like to be given by the Series 2017-1 Class A-1 Noteholders, such vote, consent, direction or the like shall be given by the Holders of the Series 2017-1 Class A-1 Advance Notes only and not by the Holders of any Series 2017-1 Class A-1 Swingline Notes or Series 2017-1 Class A-1 L/C Notes except to the extent that such vote, consent, direction or the like is to be given by each affected Noteholder and the Holders of any Series 2017-1 Class A-1 Swingline Notes or Series 2017-1 Class A-1 L/C Notes would be
affected thereby. 
 Each Committed Note Purchaser will notify the Co-Issuers in writing whether or
not it will consent to a proposed amendment, waiver or other modification of this Agreement and, if applicable, any condition to such consent, waiver or other modification. If a Committed Note Purchaser notifies the
Co-Issuers in writing that such Committed Note Purchaser either (I) will not consent to an amendment to or waiver or other modification of any provision of this Agreement or (II) conditions its
consent to such an amendment, waiver or other modification of any provision of this Agreement upon the payment of an amendment fee, the Co-Issuers may replace every member (but not any subset thereof) of such
Committed Note Purchaser’s entire Investor Group by giving written notice to each member of such Investor Group and the Administrative Agent designating one or more Persons that are willing and able to purchase each member of such Investor
Group’s rights and obligations under this Agreement for a purchase price that with respect to each such member of such Investor Group will equal the amount owed to each such member of such Investor Group with respect to the Series 2017-1 Class A-1 Advance Notes (whether arising under the Indenture, this Agreement, the Series 2017-1 Class A-1 Advance Notes or otherwise). Upon receipt of such written notice, each member of such Investor Group shall assign its rights and obligations under this Agreement pursuant to and in accordance with
Sections 9.17(a), (b) and (c), as applicable, in consideration for such purchase price and at the reasonable expense of the Co-Issuers (including, without limitation, the reasonable
documented fees and out-of-pocket expenses of counsel to each such member); provided, however, that no member of such Investor Group shall be obligated to
assign any of its rights and obligations under this Agreement if the purchase price to be paid to such member is not at least equal to the amount owed to such member with respect to the Series 2017-1 Class A-1 Advance Notes (whether arising under the Indenture, this Agreement, the Series 2017-1 Class A-1 Advance Notes or
otherwise). 
 The Co-Issuers and the Lender Parties shall negotiate any amendments, waivers,
consents, supplements or other modifications to this Agreement or the other Related Documents that require the consent of the Lender Parties in good faith, and any consent required to be given by the Lender Parties shall not be unreasonably denied,
conditioned or delayed. Pursuant to Section 9.05(a), the Lender Parties shall be entitled to reimbursement by the Co-Issuers, jointly and severally, for the reasonable expenses
incurred by the Lender Parties in reviewing and approving any such amendment, waiver, consent, supplement or other modification to this Agreement or any Related Document. 

Section 9.02 No Waiver; Remedies. Any waiver, consent or approval given by any party hereto shall be effective only in the specific
instance and for the specific purpose for which given, and no 

  
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waiver by a party of any breach or default under this Agreement shall be deemed a waiver of any other breach or default. No failure on the part of any party hereto to exercise, and no delay in
exercising, any right hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right hereunder, or any abandonment or discontinuation of steps to enforce the right, power or privilege, preclude any other or
further exercise thereof or the exercise of any other right. No notice to or demand on any party hereto in any case shall entitle such party to any other or further notice or demand in the same, similar or other circumstances. The remedies herein
provided are cumulative and not exclusive of any remedies provided by law. 
 Section 9.03 Binding on Successors and Assigns. 

(a) This Agreement shall be binding upon, and inure to the benefit of, the Co-Issuers, the Manager,
the Lender Parties, the Funding Agents, the Administrative Agent and their respective successors and assigns; provided, however, that none of the Co-Issuers nor the Manager may assign its rights
or obligations hereunder or in connection herewith or any interest herein (voluntarily, by operation of law or otherwise) without the prior written consent of each Lender Party (other than any Defaulting Investor); provided, further,
that nothing herein shall prevent the Co-Issuers from assigning their rights (but none of their duties or liabilities) to the Trustee under the Base Indenture and the Series
2017-1 Supplement; and provided, further that none of the Lender Parties may transfer, pledge, assign, sell participations in or otherwise encumber its rights or obligations hereunder or in
connection herewith or any interest herein except as permitted under Section 6.03, Section 9.17 and this Section 9.03. Nothing expressed herein is intended or shall be
construed to give any Person other than the Persons referred to in the preceding sentence any legal or equitable right, remedy or claim under or in respect of this Agreement except as provided in Section 9.16. 

(b) Notwithstanding any other provision set forth in this Agreement, each Investor may at any time grant to one or more Program Support
Providers a participating interest in or lien on such Investor’s interests in the Advances made hereunder and such Program Support Provider, with respect to its participating interest, shall be entitled to the benefits granted to such Investor
under this Agreement. 
 (c) In addition to its rights under Section 9.17, each Conduit Investor may at any time
assign its rights in the Series 2017-1 Class A-1 Advance Notes (and its rights hereunder and under the Related Documents) to its related Committed Note Purchaser
or, subject to Section 6.03 and Section 9.17(f), its related Program Support Provider or any Affiliate of any of the foregoing, in each case in accordance with the applicable provisions of the
Indenture. Furthermore, each Conduit Investor may at any time grant a security interest in and lien on, all or any portion of its interests under this Agreement, its Series 2017-1 Class A1 Advance Note
and all Related Documents to (i) its related Committed Note Purchaser, (ii) its Funding Agent, (iii) any Program Support Provider who, at any time now or in the future, provides program liquidity or credit enhancement, including,
without limitation, an insurance policy for such Conduit Investor relating to the Commercial Paper or the Series 2017-1 Class A-1 Advance Notes, (iv) any other
Person who, at any time now or in the future, provides liquidity or credit enhancement for the Conduit Investors, including, without limitation, an insurance policy relating to the Commercial Paper or the Series
2017-1 Class A-1 Advance Notes or (v) any collateral trustee or collateral agent for any of the foregoing; provided, however, that any such security
interest or 

  
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lien shall be released upon assignment of its Series 2017-1 Class A-1 Advance Note to its related Committed
Note Purchaser. Each Committed Note Purchaser may assign its Commitment, or all or any portion of its interest under its Series 2017-1 Class A-1 Advance Note, this
Agreement and the Related Documents to any Person to the extent permitted by Section 9.17. Notwithstanding any other provisions set forth in this Agreement, each Committed Note Purchaser may at any time create a security interest in all
or any portion of its rights under this Agreement, its Series 2017-1 Class A-1 Advance Note and the Related Documents in favor of any Federal Reserve Bank in
accordance with Regulation A of the F.R.S. Board or any similar foreign entity. 
 Section 9.04 Survival of Agreement. All covenants,
agreements, representations and warranties made herein and in the Series 2017-1 Class A-1 Notes delivered pursuant hereto shall survive the making and the repayment
of the Advances, the Swingline Loans and the Letters of Credit and the execution and delivery of this Agreement and the Series 2017-1 Class A-1 Notes and shall
continue in full force and effect until all interest on and principal of the Series 2017-1 Class A-1 Notes, and all other amounts owed to the Lender Parties, the
Funding Agents and the Administrative Agent hereunder and under the Series 2017-1 Supplement have been paid in full, all Letters of Credit have expired or been fully cash collateralized in accordance with the
terms of this Agreement and the Commitments, the Swingline Commitment and the L/C Commitment have been terminated. In addition, the obligations of the Co-Issuers and the Lender Parties under Sections
3.05, 3.06, 3.07, 3.08, 9.05, 9.10 and 9.11 shall survive the termination of this Agreement. 

Section 9.05 Payment of Costs and Expenses; Indemnification. 

(a) Payment of Costs and Expenses. The Co-Issuers jointly and severally agree to pay (by
depositing such amounts into the Collection Account to be distributed subject to and in accordance with the Priority of Payments), on the Series 2017-1 Closing Date (if invoiced at least one (1) Business
Day prior to such date) or on or before five (5) Business Days after written demand (in all other cases), all reasonable expenses of the Administrative Agent, each initial Funding Agent and each initial Lender Party (including the reasonable
fees and out-of-pocket expenses of counsel to each of the foregoing, if any, as well as the fees and expenses of the Rating Agencies) in connection with (i) the
negotiation, preparation, execution and delivery of this Agreement and of each other Related Document, including schedules and exhibits, whether or not the transactions contemplated hereby or thereby are consummated (“Pre-Closing Costs”), and (ii) any amendments, waivers, consents, supplements or other modifications to this Agreement or any other Related Document as may from time to time hereafter be proposed
(“Class A-1 Amendment Expenses”). The Co-Issuers further jointly and severally agree to pay, subject to and in accordance with the
Priority of Payments, and to hold the Administrative Agent, each Funding Agent and each Lender Party harmless from all liability for (x) any breach by the Co-Issuers of their obligations under this
Agreement, (y) all reasonable costs incurred by the Administrative Agent, such Funding Agent or such Lender Party in enforcing this Agreement and (z) any Non-Excluded Taxes that may be payable in
connection with (1) the execution or delivery of this Agreement, (2) any Borrowing or Swingline Loan hereunder, (3) the issuance of the Series 2017-1
Class A-1 Notes, (4) any Letter of Credit hereunder or (5) any other Related Documents (“Other Post-Closing Expenses”). The Co-Issuers
also agree to reimburse, subject to and in accordance with the Priority of Payments, the Administrative Agent, such Funding Agent and such Lender Party upon demand for all reasonable
out-of-pocket expenses incurred by the 

  
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Administrative Agent, such Funding Agent and such Lender Party in connection with (1) the negotiation of any restructuring or “work-out”,
whether or not consummated, of the Related Documents and (2) the enforcement of, or any waiver or amendment requested under or with respect to, this Agreement or any other Related Documents (“Out-of-Pocket Expenses”). Notwithstanding the foregoing, other than in connection with a sale or assignment pursuant to Section 9.18(a), the
Co-Issuers shall have no obligation to reimburse any Lender Party for any of the fees and/or expenses incurred by such Lender Party with respect to its sale or assignment of all or any part of its respective
rights and obligations under this Agreement and the Series 2017-1 Class A-1 Notes pursuant to Section 9.03 or
Section 9.17. 
 (b) Indemnification of the Lender Parties. In consideration of the execution and delivery
of this Agreement by the Lender Parties, the Co-Issuers hereby agree to jointly and severally indemnify and hold each Lender Party (each in its capacity as such and to the extent not reimbursed by the Co-Issuers and without limiting the obligation of the Co-Issuers to do so) and each of their officers, directors, employees and agents (collectively, the “Indemnified
Parties”) harmless (by depositing such amounts into the Collection Account to be distributed subject to and in accordance with the Priority of Payments) from and against any and all actions, causes of action, suits, losses, liabilities and
damages, and reasonable documented costs and expenses incurred in connection therewith (irrespective of whether any such Indemnified Party is a party to the action for which indemnification hereunder is sought and including, without limitation, any
liability in connection with the offering and sale of the Series 2017-1 Class A-1 Notes), including reasonable documented attorneys’ fees and disbursements
(collectively, the “Indemnified Liabilities”), incurred by the Indemnified Parties or any of them (whether in prosecuting or defending against such actions, suits or claims) to the extent resulting from, or arising out of, or
relating to: 
 (i) any transaction financed or to be financed in whole or in part, directly or indirectly, with the proceeds
of any Advance, Swingline Loan or Letter of Credit; or 
 (ii) the entering into and performance of this Agreement and any
other Related Document by any of the Indemnified Parties, including, for the avoidance of doubt, the consent by the Lender Parties set forth in Section 9.19; 

except for any such Indemnified Liabilities arising for the account of a particular Indemnified Party by reason of the relevant Indemnified Party’s gross
negligence or willful misconduct or breach of representations set forth herein. If and to the extent that the foregoing undertaking may be unenforceable for any reason, the Co-Issuers hereby jointly and
severally agree to make the maximum contribution to the payment and satisfaction of each of the Indemnified Liabilities that is permissible under applicable law. The indemnity set forth in this Section 9.05(b) shall in no
event include indemnification for special, punitive, consequential or indirect damages of any kind or for any Taxes which shall be covered by (or expressly excluded from) the indemnification provided in Section 3.08 or for
any transfer Taxes with respect to its sale or assignment of all or any part of its respective rights and obligations under this Agreement and the Series 2017-1
Class A-1 Notes pursuant to Section 9.17. The Co-Issuers shall give notice to the Rating Agencies of any claim for Indemnified Liabilities
made under this Section 9.05(b). 

  
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 (c) Indemnification of the Administrative Agent and each Funding Agent by the Co-Issuers. In consideration of the execution and delivery of this Agreement by the Administrative Agent and each Funding Agent, the Co-Issuers hereby agree to jointly and
severally indemnify and hold the Administrative Agent and each Funding Agent and each of their officers, directors, employees and agents (collectively, the “Agent Indemnified Parties”) harmless (by depositing such amounts into the
Collection Account to be distributed subject to and in accordance with the Priority of Payments) from and against any and all actions, causes of action, suits, losses, liabilities and damages, and reasonable documented costs and expenses incurred in
connection therewith (irrespective of whether any such Agent Indemnified Party is a party to the action for which indemnification hereunder is sought and including, without limitation, any liability in connection with the offering and sale of the
Series 2017-1 Class A-1 Notes), including reasonable documented attorneys’ fees and disbursements (collectively, the “Agent Indemnified
Liabilities”), incurred by the Agent Indemnified Parties or any of them (whether in prosecuting or defending against such actions, suits or claims) to the extent resulting from, or arising out of, or relating to the entering into and
performance of this Agreement and any other Related Document by any of the Agent Indemnified Parties, except for any such Agent Indemnified Liabilities arising for the account of a particular Agent Indemnified Party by reason of the relevant Agent
Indemnified Party’s gross negligence, bad faith or willful misconduct. If and to the extent that the foregoing undertaking may be unenforceable for any reason, the Co-Issuers hereby jointly and severally
agree to make the maximum contribution to the payment and satisfaction of each of the Agent Indemnified Liabilities that is permissible under applicable law. The indemnity set forth in this Section 9.05(c) shall in no event
include indemnification for special, punitive, consequential or indirect damages of any kind or for any Taxes which shall be covered by (or expressly excluded from) the indemnification provided in Section 3.08. The Co-Issuers shall give notice to the Rating Agencies of any claim for Agent Indemnified Liabilities made under this Section 9.05(c). 

(d) Indemnification of the Administrative Agent and each Funding Agent by the Committed Note Purchasers. In consideration of the
execution and delivery of this Agreement by the Administrative Agent and the related Funding Agent, each Committed Note Purchaser, ratably according to its respective Commitment, hereby agrees to indemnify and hold the Administrative Agent and each
of its officers, directors, employees and agents (collectively, the “Administrative Agent Indemnified Parties”) and such Funding Agent and each of its officers, directors, employees and agents (collectively, the “Funding
Agent Indemnified Parties,” and together with the Administrative Agent Indemnified Parties, the “Applicable Agent Indemnified Parties”) harmless from and against any and all actions, causes of action, suits, losses,
liabilities and damages, and reasonable documented costs and expenses incurred in connection therewith (solely to the extent not reimbursed by or on behalf of the Co-Issuers) (irrespective of whether any such
Applicable Agent Indemnified Party is a party to the action for which indemnification hereunder is sought and including, without limitation, any liability in connection with the offering and sale of the Series
2017-1 Class A1 Notes), including reasonable documented attorneys’ fees and disbursements (collectively, the “Applicable Agent Indemnified Liabilities”), incurred by the
Applicable Agent Indemnified Parties or any of them (whether in prosecuting or defending against such actions, suits or claims) to the extent resulting from, or arising out of, or relating to the entering into and performance of this Agreement and
any other Related Document by any of the Applicable Agent Indemnified Parties, except for any such Applicable Agent Indemnified Liabilities arising for the account of a particular Applicable Agent 

  
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Indemnified Party by reason of the relevant Applicable Agent Indemnified Party’s gross negligence or willful misconduct. If and to the extent that the foregoing undertaking may be
unenforceable for any reason, each Committed Note Purchaser, ratably according to its respective Commitment, hereby agrees to make the maximum contribution to the payment and satisfaction of each of the Applicable Agent Indemnified Liabilities that
is permissible under applicable law. The indemnity set forth in this Section 9.05(d) shall in no event include indemnification for consequential or indirect damages of any kind or for any Taxes which shall be covered by (or
expressly excluded from) the indemnification provided in Section 3.08. 
 Section 9.06 Characterization as
Related Document; Entire Agreement. This Agreement shall be deemed to be a Related Document for all purposes of the Base Indenture and the other Related Documents. This Agreement, together with the Base Indenture, the Series 2017-1 Supplement, the documents delivered pursuant to Article VII and the other Related Documents, including the exhibits and schedules thereto, contains a final and complete integration of all prior
expressions by the parties hereto with respect to the subject matter hereof and shall constitute the entire agreement among the parties hereto with respect to the subject matter hereof, superseding all previous oral statements and other writings
with respect thereto. 
 Section 9.07 Notices. All notices, amendments, waivers, consents and other communications provided to any
party hereto under this Agreement shall be in writing and addressed, delivered or transmitted to such party at its address, e-mail address (if provided), or facsimile number set forth on Schedule II hereto, or
in each case at such other address, e-mail address or facsimile number as may be designated by such party in a notice to the other parties. Any notice, if mailed and properly addressed with postage prepaid or
if properly addressed and sent by pre-paid courier service, shall be deemed given when received; any notice, if transmitted by e-mail, shall be deemed given when
received; any notice, if transmitted by facsimile, shall be deemed given when transmitted (so long as transmitted on a Business Day, otherwise the next succeeding Business Day) upon receipt of electronic confirmation of transmission. 

Section 9.08 Severability of Provisions. Any covenant, provision, agreement or term of this Agreement that is prohibited or is held to
be void or unenforceable in any jurisdiction shall, as to that jurisdiction, be ineffective to the extent of the prohibition or unenforceability without invalidating the remaining provisions of this Agreement. 

Section 9.09 Tax Characterization. Each party to this Agreement (a) acknowledges that it is the intent of the parties to this
Agreement that, for accounting purposes and for all federal, state and local income and franchise Tax purposes, the Series 2017-1 Class A-1 Notes will be treated as
evidence of indebtedness, (b) agrees to treat the Series 2017-1 Class A-1 Notes for all such purposes as indebtedness and (c) agrees that the provisions
of the Related Documents shall be construed to further these intentions. 
 Section 9.10 No Proceedings; Limited Recourse. 

(a) The Securitization Entities. Each of the parties hereto (other than the Co-Issuers) hereby
covenants and agrees that, prior to the date that is one year and one day after the payment in full of the last maturing Note issued by the Co-Issuers pursuant to the Base Indenture, it will not institute
against, or join with any other Person in instituting against, any 

  
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Securitization Entity, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings, under any federal or state bankruptcy or similar law, all as more
particularly set forth in Section 14.13 of the Base Indenture and subject to any retained rights set forth therein; provided, however, that nothing in this Section 9.10(a) shall constitute a waiver of any
right to indemnification, reimbursement or other payment from the Securitization Entities pursuant to this Agreement, the Series 2017-1 Supplement, the Base Indenture or any other Related Document. In the
event that a Lender Party (solely in its capacity as such) takes action in violation of this Section 9.10(a), each affected Securitization Entity shall file or cause to be filed an answer with the bankruptcy court or
otherwise properly contest or cause to be contested the filing of such a petition by any such Person against such Securitization Entity or the commencement of such action and raise or cause to be raised the defense that such Person has agreed in
writing not to take such action and should be estopped and precluded therefrom and such other defenses, if any, as its counsel advises that it may assert. The provisions of this Section 9.10(a) shall survive the termination
of this Agreement. Nothing contained herein shall preclude participation by a Lender Party in the assertion or defense of its claims in any such proceeding involving any Securitization Entity. The obligations of the
Co-Issuers under this Agreement are solely the limited liability company or corporate obligations of the Co-Issuers, as the case may be. 

(b) The Conduit Investors. Each of the parties hereto (other than the Conduit Investors) hereby covenants and agrees that it will not,
prior to the date that is one year and one day after the payment in full of the latest maturing Commercial Paper or other debt securities or instruments issued by a Conduit Investor, institute against, or join with any other Person in instituting
against, such Conduit Investor, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings under any federal or state bankruptcy or similar law; provided, however, that nothing in this
Section 9.10(b) shall constitute a waiver of any right to indemnification, reimbursement or other payment from such Conduit Investor pursuant to this Agreement, the Series 2017-1
Supplement, the Base Indenture or any other Related Document. In the event that the Co-Issuers, the Manager or a Lender Party (solely in its capacity as such) takes action in violation of this
Section 9.10(b), such related Conduit Investor may file an answer with the bankruptcy court or otherwise properly contest or cause to be contested the filing of such a petition by any such Person against such Conduit
Investor or the commencement of such action and raise or cause to be raised the defense that such Person has agreed in writing not to take such action and should be estopped and precluded therefrom and such other defenses, if any, as its counsel
advises that it may assert. The provisions of this Section 9.10(b) shall survive the termination of this Agreement. Nothing contained herein shall preclude participation by the
Co-Issuers, the Manager or a Lender Party in assertion or defense of its claims in any such proceeding involving a Conduit Investor. The obligations of the Conduit Investors under this Agreement are solely the
corporate obligations of the Conduit Investors. No recourse shall be had for the payment of any amount owing in respect of this Agreement, including any obligation or claim arising out of or based upon this Agreement, against any stockholder,
employee, officer, agent, director, member, affiliate or incorporator (or Person similar to an incorporator under state business organization laws) of any Conduit Investor; provided, however, nothing in this
Section 9.10(b) shall relieve any of the foregoing Persons from any liability that any such Person may otherwise have for its gross negligence or willful misconduct. 

  
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 Section 9.11 Confidentiality. Each Lender Party agrees that it shall not disclose any
Confidential Information to any Person without the prior written consent of the Manager and the Co-Issuers, other than (a) to their Affiliates, officers, directors, employees, agents and advisors,
including, without limitation, legal counsel and accountants (it being understood that the Person to whom such disclosure is made will be informed of the confidential nature of such Confidential Information and instructed to keep it confidential),
(b) to actual or prospective assignees and participants, and then only on a confidential basis (after obtaining such actual or prospective assignee’s or participant’s agreement to keep such Confidential Information confidential in a manner
substantially similar to this Section 9.11), (c) as requested by a Governmental Authority or self-regulatory organization or required by any law, rule or regulation or judicial process of which the Co-Issuers or the Manager, as the case may be, has knowledge; provided that each Lender Party may disclose Confidential Information as requested by a Governmental Authority or self-regulatory organization or
required by any law, rule or regulation or judicial process of which the Co-Issuers or the Manager, as the case may be, does not have knowledge if such Lender Party is prohibited by law, rule or regulation
from disclosing such requirement to the Co-Issuers or the Manager, as the case may be, (d) to Program Support Providers (after obtaining such Program Support Providers’ agreement to keep such
Confidential Information confidential in a manner substantially similar to this Section 9.11), (e) to any Rating Agency providing a rating for any Series or Class of Notes or any Conduit Investor’s debt or
(f) in the course of litigation with the Co-Issuers, the Manager or such Lender Party. 

“Confidential Information” means information that the Co-Issuers or the Manager
furnishes to a Lender Party, but does not include (i) any such information that is or becomes generally available to the public other than as a result of a disclosure by a Lender Party or other Person to which a Lender Party delivered such
information, (ii) any such information that was in the possession of a Lender Party prior to its being furnished to such Lender Party by the Co-Issuers or the Manager or (iii) any such information
that is or becomes available to a Lender Party from a source other than the Co-Issuers or the Manager; provided that with respect to clauses (ii) and (iii) herein, such source is not
(x) known to a Lender Party to be bound by a confidentiality agreement with the Co-Issuers or the Manager, as the case may be, with respect to the information or (y) known to a Lender Party to be
otherwise prohibited from transmitting the information by a contractual, legal or fiduciary obligation. 
 Section 9.12 GOVERNING LAW;
CONFLICTS WITH INDENTURE. THIS AGREEMENT AND ALL MATTERS ARISING UNDER OR IN ANY MANNER RELATING TO THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO ANY
CHOICE OF LAW OR CONFLICT PROVISION OR RULE (WHETHER OF THE STATE OF NEW YORK OR ANY OTHER JURISDICTION) THAT WOULD CAUSE THE APPLICATION OF THE LAWS OF ANY JURISDICTION OTHER THAN THE STATE OF NEW YORK, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF
THE PARTIES HERETO SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAW. IN THE EVENT OF ANY CONFLICTS BETWEEN THIS AGREEMENT AND THE INDENTURE, THE INDENTURE SHALL GOVERN. 

Section 9.13 JURISDICTION. ALL JUDICIAL PROCEEDINGS BROUGHT AGAINST ANY OF THE PARTIES HEREUNDER WITH RESPECT TO THIS AGREEMENT MAY
BE 

  
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BROUGHT IN ANY STATE OR (TO THE EXTENT PERMITTED BY LAW) FEDERAL COURT OF COMPETENT JURISDICTION SITTING IN THE BOROUGH OF MANHATTAN IN THE CITY OF NEW YORK AND BY EXECUTION AND DELIVERY OF THIS
AGREEMENT, EACH PARTY HEREUNDER ACCEPTS FOR ITSELF AND IN CONNECTION WITH ITS PROPERTIES, GENERALLY AND UNCONDITIONALLY, THE NONEXCLUSIVE JURISDICTION OF THE AFORESAID COURTS, AND IRREVOCABLY AGREES TO BE BOUND BY ANY JUDGMENT RENDERED THEREBY IN
CONNECTION WITH THIS AGREEMENT. 
 Section 9.14 WAIVER OF JURY TRIAL. ALL PARTIES HEREUNDER HEREBY KNOWINGLY, VOLUNTARILY AND
INTENTIONALLY WAIVE ANY RIGHTS THEY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED HEREON, OR ARISING OUT OF, UNDER, OR IN CONNECTION WITH, THIS AGREEMENT, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER ORAL OR
WRITTEN) OR ACTIONS OF THE PARTIES IN CONNECTION HEREWITH OR THEREWITH. ALL PARTIES ACKNOWLEDGE AND AGREE THAT THEY HAVE RECEIVED FULL AND SIGNIFICANT CONSIDERATION FOR THIS PROVISION AND THAT THIS PROVISION IS A MATERIAL INDUCEMENT FOR ALL PARTIES
TO ENTER INTO THIS AGREEMENT. 
 Section 9.15 Counterparts. This Agreement may be executed in any number of counterparts (which
may include facsimile or other electronic transmission of counterparts) and by the different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original, and all of which together shall constitute one
and the same instrument. 
 Section 9.16 Third-Party Beneficiary. The Trustee, on behalf of the Secured Parties, and the Control
Party are express third-party beneficiaries of this Agreement. 
 Section 9.17 Assignment. 

(a) Subject to Sections 6.03 and 9.17(f), any Committed Note Purchaser may at any time sell all or any part of its rights and
obligations under this Agreement, the Series 2017-1 Class A-1 Advance Notes and, in connection therewith, any other Related Documents to which it is a party, with
the prior written consent (not to be unreasonably withheld or delayed) of the Co-Issuers, the Swingline Lender and the L/C Provider, to one or more financial institutions (an “Acquiring Committed Note
Purchaser”) pursuant to an assignment and assumption agreement, substantially in the form of Exhibit B (the “Assignment and Assumption Agreement”), executed by such Acquiring Committed Note Purchaser, such assigning
Committed Note Purchaser, the Funding Agent with respect to such Committed Note Purchaser, the Co-Issuers, the Swingline Lender and the L/C Provider and delivered to the Administrative Agent; provided
that no consent of the Co-Issuers shall be required for an assignment to another Committed Note Purchaser or any Affiliate of a Committed Note Purchaser that has a rating equal to or higher than the assigning
Committed Note Purchaser or if a Rapid Amortization Event or an Event of Default has occurred and is continuing. 
 (b) Without limiting the
foregoing, subject to Sections 6.03 and 9.17(f), each Conduit Investor may assign all or a portion of the Investor Group Principal Amount with 

  
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respect to such Conduit Investor and its rights and obligations under this Agreement, the Series 2017-1
Class A-1 Advance Notes and, in connection therewith, any other Related Documents to which it is a party to a Conduit Assignee with respect to such Conduit Investor, without the prior written consent of
the Co-Issuers. Upon such assignment by a Conduit Investor to a Conduit Assignee, (i) such Conduit Assignee shall be the owner of the Investor Group Principal Amount or such portion thereof with respect
to such Conduit Investor, (ii) the related administrative or managing agent for such Conduit Assignee will act as the Funding Agent for such Conduit Assignee hereunder, with all corresponding rights and powers, express or implied, granted to
the Funding Agent hereunder or under the other Related Documents, (iii) such Conduit Assignee and its liquidity support provider(s) and credit support provider(s) and other related parties, in each case relating to the Commercial Paper and/or
the Series 2017-1 Class A-1 Advance Notes, shall have the benefit of all the rights and protections provided to such Conduit Investor herein and in the other
Related Documents (including, without limitation, any limitation on recourse against such Conduit Assignee as provided in this paragraph), (iv) such Conduit Assignee shall assume all of such Conduit Investor’s obligations, if any, hereunder or
under the Base Indenture or under any other Related Document with respect to such portion of the Investor Group Principal Amount and such Conduit Investor shall be released from such obligations, (v) all distributions in respect of the Investor
Group Principal Amount or such portion thereof with respect to such Conduit Investor shall be made to the applicable Funding Agent on behalf of such Conduit Assignee, (vi) the definition of the term “CP Funding Rate” with respect to
the portion of the Investor Group Principal Amount with respect to such Conduit Investor, as applicable, funded or maintained with commercial paper issued by such Conduit Assignee from time to time shall be determined in the manner set forth in the
definition of “CP Funding Rate” applicable to such Conduit Assignee on the basis of the interest rate or discount applicable to Commercial Paper issued by or for the benefit of such Conduit Assignee (rather than any other Conduit
Investor), (vii) the defined terms and other terms and provisions of this Agreement and the other Related Documents shall be interpreted in accordance with the foregoing, and (viii) if requested by the Funding Agent with respect to such Conduit
Assignee, the parties will execute and deliver such further agreements and documents and take such other actions as the Funding Agent may reasonably request to evidence and give effect to the foregoing. No assignment by any Conduit Investor to a
Conduit Assignee of all or any portion of the Investor Group Principal Amount with respect to such Conduit Investor shall in any way diminish the obligation of the Committed Note Purchasers in the same Investor Group as such Conduit Investor under
Section 2.03 to fund any Increase not funded by such Conduit Investor or such Conduit Assignee. 
 (c) Subject to
Sections 6.03 and 9.17(f), any Conduit Investor and the related Committed Note Purchaser(s) may at any time sell all or any part of their respective rights and obligations under this Agreement, the Series
2017-1 Class A-1 Advance Notes and, in connection therewith, any other Related Documents to which it is a party, with the prior written consent (not to be
unreasonably withheld or delayed) of the Co-Issuers, the Swingline Lender and the L/C Provider, to a multi-seller commercial paper conduit, whose commercial paper is rated at least “A-1” from S&P and/or “P-1” from Moody’s, as applicable, and one or more financial institutions providing support to such multi-seller commercial
paper conduit (an “Acquiring Investor Group”) pursuant to a transfer supplement, substantially in the form of Exhibit C (the “Investor Group Supplement” or the “Series
2017-1 Class A-1 Investor Group Supplement”), executed by such Acquiring Investor Group, the Funding Agent with respect to such
Acquiring Investor Group (including the Conduit Investor and the Committed Note 

  
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Purchasers with respect to such Investor Group), such assigning Conduit Investor and the Committed Note Purchasers with respect to such Conduit Investor, the Funding Agent with respect to such
assigning Conduit Investor and Committed Note Purchasers, the Co-Issuers, the Swingline Lender and the L/C Provider and delivered to the Administrative Agent; provided that no consent of the Co-Issuers shall be required for an assignment to another Committed Note Purchaser or any Affiliate of a Committed Note Purchaser and its related Conduit Investor or if a Rapid Amortization Event or an Event of
Default has occurred and is continuing. For the avoidance of doubt, this Section 9.17(c) is intended to permit and provide for (i) assignments from a Committed Note Purchaser to a Conduit Investor in a different
Investor Group and (ii) assignments from a Conduit Investor to a Committed Note Purchaser in a different Investor group, and, in each of clause (i) and (ii), Exhibit C shall be revised to reflect such assignments. 

(d) Subject to Sections 6.03 and 9.17(f), the Swingline Lender may at any time assign all its rights and obligations hereunder
and under the Series 2017-1 Class A-1 Swingline Note, in whole but not in part, with the prior written consent of the
Co-Issuers and the Administrative Agent, which consent shall not be unreasonably withheld or delayed, to a financial institution pursuant to an agreement with, and in form and substance reasonably satisfactory
to, the Administrative Agent and the Co-Issuers, whereupon the assignor shall be released from its obligations hereunder; provided that no consent of the
Co-Issuers shall be required if a Rapid Amortization Event or an Event of Default has occurred and is continuing; provided, further, that the prior written consent of each Funding Agent (other than any
Funding Agent with respect to which all of the Committed Note Purchasers in such Funding Agent’s Investor Group are Defaulting Investors), which consent shall not be unreasonably withheld or delayed, shall be required if such financial
institution is not a Committed Note Purchaser. 
 (e) Subject to Sections 6.03 and 9.17(f), the L/C Provider may at any time
assign all or any portion of its rights and obligations hereunder and under the Series 2017-1 Class A-1 L/C Note with the prior written consent of the Co-Issuers and the Administrative Agent, which consent shall not be unreasonably withheld or delayed, to a financial institution pursuant to an agreement with, and in form and substance reasonably satisfactory to,
the Administrative Agent and the Co-Issuers, whereupon the assignor shall be released from its obligations hereunder to the extent so assigned; provided that no consent of the Co-Issuers shall be required if a Rapid Amortization Event or an Event of Default has occurred and is continuing. 

(f) Any assignment of the Series 2017-1 Class A-1 Notes
shall be made in accordance with the applicable provisions of the Indenture. 
 Section 9.18 Defaulting Investors. (a) The Co-Issuers may, at their sole expense and effort, upon notice to such Defaulting Investor and the Administrative Agent, (i) require any Defaulting Investor to sell all of its rights, obligations and commitments
under this Agreement, the Series 2017-1 Class A-1 Notes and, in connection therewith, any other Related Documents to which it is a party, to an assignee;
provided that (x) such assignment is made in compliance with Section 9.17 and (y) such Defaulting Investor shall have received from such assignee an amount equal to such Defaulting Investor’s Committed
Note Purchaser Percentage of the related Investor Group Principal Amount of such Defaulting Investor and all accrued interest thereon, accrued fees and all other amounts payable to such Defaulting Investor hereunder or (ii) remove any
Defaulting Investor as an Investor by paying to such Defaulting Investor an amount equal to such Defaulting 

  
 67 

 
Investor’s Committed Note Purchaser Percentage of the related Investor Group Principal Amount of such Defaulting Investor and all accrued interest thereon, accrued fees and all other amounts
payable to such Defaulting Investor hereunder. 
 (b) In the event that a Defaulting Investor desires to sell all or any portion of it
rights, obligations and commitments under this Agreement, the Series 2017-1 Class A-1 Notes and, in connection therewith, any other Related Documents to which it is
a party, to an unaffiliated third-party assignee for an amount less than 100% (or, if only a portion of such rights, obligations and commitments are proposed to be sold, such portion) of such Defaulting Investor’s Committed Note Purchaser
Percentage of the related Investor Group Principal Amount of such Defaulting Investor and all accrued interest thereon, accrued fees and all other amounts payable to such Defaulting Investor hereunder, such Defaulting Investor shall promptly notify
the Master Issuer of the proposed sale (the “Sale Notice”). Each Sale Notice shall certify that such Defaulting Investor has received a firm offer from the prospective unaffiliated third party and shall contain the material terms of
the proposed sale, including, without limitation, the purchase price of the proposed sale and the portion of such Defaulting Investor’s rights, obligations and commitments proposed to be sold. The Master Issuer and any of its Affiliates shall
have an option for a period of three (3) Business Days from the date the Sale Notice is given to elect to purchase such rights, obligations and commitments at the same price and subject to the same material terms as described in the Sale
Notice. The Master Issuer or any of its Affiliates may exercise such purchase option by notifying such Defaulting Investor before expiration of such three (3) Business Day period that it wishes to purchase all (but not a portion) of the rights,
obligations and commitments of such Defaulting Investor proposed to be sold to such unaffiliated third party. If the Master Issuer or any of its Affiliates gives notice to such Defaulting Investor that it desires to purchase such rights, obligations
and commitments, the Master Issuer or such Affiliate shall promptly pay the purchase price to such Defaulting Investor. If the Master Issuer or any of its Affiliates does not respond to any Sale Notice within such three (3) Business Day period,
the Master Issuer and its Affiliates shall be deemed not to have exercised such purchase option. 
 (c) Notwithstanding anything to the
contrary contained in this Agreement, if any Investor becomes a Defaulting Investor, then, until such time as such Investor is no longer a Defaulting Investor, to the extent permitted by applicable law: 

(i) Such Defaulting Investor’s right to approve or disapprove any amendment, waiver or consent with respect to this
Agreement shall be restricted as set forth in Section 9.01. 
 (ii) Any payment of principal,
interest, fees or other amounts payable to the account of such Defaulting Investor (whether voluntary or mandatory, at maturity or otherwise) shall be applied (and the Co-Issuers shall instruct the Trustee to
apply such amounts) as follows: first, to the payment of any amounts owing by such Defaulting Investor to the Administrative Agent hereunder; second, to the payment on a pro rata basis of any amounts owing by such
Defaulting Investor to the L/C Provider or the Swingline Lender hereunder; third, to provide cash collateral to the L/C Provider in accordance with Section 4.03(b) in an amount equal to the amount of Undrawn L/C Face
Amounts at such time multiplied by the Commitment Percentage of such Defaulting 

  
 68 

 
Investor’s Investor Group multiplied by the Committed Note Purchaser Percentage of such Defaulting Investor; fourth, as the Co-Issuers may
request (so long as no Default or Event of Default exists), to the funding of any Advance in respect of which such Defaulting Investor has failed to fund its portion thereof as required by this Agreement, as determined by the Administrative Agent;
fifth, if so determined by the Administrative Agent and the Co-Issuers, to be held in a deposit account and released pro rata in order to (x) satisfy such Defaulting Investor’s
potential future funding obligations with respect to Advances under this Agreement and (y) to provide cash collateral to the L/C Provider in accordance with Section 4.03(b) in an amount equal to the amount of any
future Undrawn L/C Face Amounts multiplied by the Commitment Percentage of such Defaulting Investor’s Investor Group multiplied by the Committed Note Purchaser Percentage of such Defaulting Investor; sixth, to the payment of any amounts
owing to the Investors, the L/C Provider or the Swingline Lender as a result of any judgment of a court of competent jurisdiction obtained by any Investor, the L/C Provider or the Swingline Lender against such Defaulting Investor as a result of such
Defaulting Investor’s breach of its obligations under this Agreement; seventh, so long as no Default or Event of Default exists, to the payment of any amounts owing to the Co-Issuers as a result of
any judgment of a court of competent jurisdiction obtained by the Co-Issuers against such Defaulting Investor as a result of such Defaulting Investor’s breach of its obligations under this Agreement; and
eighth, to such Defaulting Investor or as otherwise directed by a court of competent jurisdiction; provided that if (x) such payment is a payment of the principal amount of any Advances or any extensions of credit resulting from a
drawing under any Letter of Credit that has not been reimbursed as an Advance pursuant to Section 2.08(a) in respect of which such Defaulting Investor has not fully funded its appropriate share, and (y) such Advances
were made or the related Letters of Credit were issued at a time when the conditions set forth in Section 7.03 were satisfied or waived, such payment shall be applied solely to pay the Advances of, and extensions of credit
resulting from a drawing under any Letter of Credit that has not been reimbursed as an Advance pursuant to Section 2.08(a) owed to, all non-Defaulting Investors on a pro
rata basis prior to being applied to the payment of any Advances of, participations required to be purchased pursuant to Section 2.09(a) owed to, such Defaulting Investor until such time as all Advances and funded
and unfunded participations in L/C Obligations and Swingline Loans are held by the Investors pro rata in accordance with the Commitments without giving effect to Section 9.1 8(c)(iii). Any payments,
prepayments or other amounts paid or payable to a Defaulting Investor that are applied (or held) to pay amounts owed by a Defaulting Investor or to post cash collateral pursuant to this Section 9.18(c)(ii) shall be deemed
paid to and redirected by such Defaulting Investor, and each Investor irrevocably consents hereto. 
 (iii) All or any part
of such Defaulting Investor’s participation in L/C Obligations and Swingline Loans shall be reallocated among the non-Defaulting Investors pro rata based on their Commitments (calculated
without regard to such Defaulting Investor’s Commitment) but only to the extent that (x) the conditions set forth in Section 7.03 are satisfied at the time of such reallocation (and, unless the Co-Issuers shall have otherwise notified the Administrative Agent at such time, the Co-Issuers shall be deemed to have represented and warranted that such conditions are
satisfied at such time), and (y) such reallocation does not cause the product of any non-Defaulting 

  
 69 

 
Investor’s related Investor Group Principal Amount multiplied by such non-Defaulting Investor’s Committed Note Purchaser Percentage to exceed
such non-Defaulting Investor’s Commitment Amount. No reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Investor arising from that
Investor having become a Defaulting Investor, including any claim of a non-Defaulting Investor as a result of such non-Defaulting Investor’s increased exposure
following such reallocation. 
 (iv) If the reallocation described in clause (iii) above cannot, or can only partially,
be effected, the Co-Issuers shall, without prejudice to any right or remedy available to them hereunder or under law, prepay Swingline Loans in an amount equal to the amount that cannot be so reallocated. 

(d) If the Co-Issuers, the Administrative Agent, the Swingline Lender and the L/C Provider agree in
writing that an Investor is no longer a Defaulting Investor, the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein (which may include
arrangements with respect to any cash collateral), that Investor will, to the extent applicable, purchase that portion of outstanding Advances of the other Investors or take such other actions as the Administrative Agent may determine to be
necessary to cause the Advances and funded and unfunded participations in Letters of Credit and Swingline Loans to be held pro rata by the Investors in accordance with their respective Commitments (without giving effect to
Section 9.1 8(c)(iii)), whereupon such Investor will cease to be a Defaulting Investor; provided that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the Co-Issuers while that Investor was a Defaulting Investor; and provided, further, that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting
Investor to Investor will constitute a waiver or release of any claim of any party hereunder arising from that Investor’s having been a Defaulting Investor. 

Section 9.19 No Fiduciary Duties. Each of the Manager and the Securitization Entities acknowledge and agree that in connection with the
transaction contemplated in this Agreement, or any other services the Lender Parties may be deemed to be providing hereunder, notwithstanding any preexisting relationship, advisory or otherwise, between the parties or any oral representations or
assurances previously or subsequently made by the Lender Parties: (a) no fiduciary or agency relationship between any of the Manager, the Securitization Entities and any other person, on the one hand, and the Lender Parties, on the other,
exists; (b) the Lender Parties are not acting as advisor, expert or otherwise, to the Manager or the Securitization Entities, and such relationship between any of the Manager or the Securitization Entities, on the one hand, and the Lender
Parties, on the other, is entirely and solely commercial, based on arms-length negotiations; (c) any duties and obligations that the Lender Parties may have to the Manager and any of the Securitization Entities shall be limited to those duties
and obligations specifically stated herein; (d) the Lender Parties and their respective affiliates may have interests that differ from those of the Manager or any of the Securitization Entities; and (e) the Manager and the Securitization
Entities have consulted their own legal and financial advisors to the extent they deemed appropriate. For the avoidance of doubt, each of the Manager and the Securitization Entities hereby waive any claims that Manager or the Securitization Entities
may have against the Lender Parties with respect to any breach of fiduciary duty in connection with the Series 2017-1 Class A-1 Notes. 

  
 70 

 Section 9.20 No Guarantee by the Manager. The execution and delivery of this Agreement by
Manager shall not be construed as a guarantee or other credit support by the Manager of the obligations of the Securitization Entities hereunder. The Manager shall not be liable in any respect for any obligation of the Securitization Entities
hereunder or any violation by any Securitization Entity of its covenants, representations and warranties or other agreements and obligations hereunder. 

Section 9.21 Term; Termination of Agreement. This Agreement shall terminate upon the earlier to occur of (a) the permanent
reduction of the Series 2017-1 Class A-1 Notes Maximum Principal Amount to zero in accordance with Section 2.05(a) and payment in
full of all monetary Obligations in respect of the Series 2017-1 Class A-1 Notes, (b) the payment in full of all monetary Obligations in respect of the Series 2017-1 Class A-1 Notes on or after the Class A-1 Notes Renewal Date (as may be extended from time to time) and
(c) the termination of the Series Supplement pursuant to Section 5.9 thereof. 
 Section 9.22 Acknowledgement and Consent to Bail-In of EEA Financial Institutions. Notwithstanding anything to the contrary in any Related Document or in any other agreement, arrangement or understanding among any such parties, each party hereto
acknowledges that any liability of any EEA Financial Institution arising under any Related Document, to the extent such liability is unsecured, may be subject to the Write-Down and Conversion Powers of an EEA Resolution Authority and agrees and
consents to, and acknowledges and agrees to be bound by: 
 (a) the application of any Write-Down and Conversion Powers by an EEA Resolution
Authority to any such liabilities arising hereunder which may be payable to it by any party hereto that is an EEA Financial Institution; and 

(b) the effects of any Bail-In Action or any such liability, including, if applicable: 

(i) a reduction in full or in part or cancellation of any such liability; 

(ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such EEA Financial
Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such
liability under this Agreement or any other Related Document; or 
 (iii) the variation of the terms of such liability in
connection with the exercise of the Write-Down and Conversion Powers of any EEA Resolution Authority. 
 Section 9.23 [Reserved] 

Section 9.24 USA Patriot Act. In accordance with the USA PATRIOT Act (Title III of Pub. L.
107-56 (signed into law October 26, 2001)) (the “USA PATRIOT Act”), any Lender Party that is subject to the USA PATRIOT Act may obtain, verify and record information that identifies
individuals or entities that establish a relationship with such Lender Party, including the name, address, tax 

  
 71 

 
identification number and other information in accordance with the USA PATRIOT Act that will allow it to identify the individual or entity who is establishing the relationship or opening the
account. 
 Section 9.25 Consent to Springing Amendment. Each Series 2017-1 Class A-1 Noteholder and each member of each Investment Group hereby consents to Amendment No. 2, to be dated as of the Series 2017-1 Closing Date, to the Amended
and Restated Management Agreement, dated as of March 15, 2012, by and among the Co-Issuers, the Guarantors, DPL, Domino’s Pizza NS Co. and Citibank, N.A. as the Trustee, pursuant to which the
amendments referenced therein shall become operative upon the payment in full of the Outstanding Principal Amount of the Series 2015-1 Class A-2 Notes (as such term
is defined in the Series 2015-1 Supplement, dated as of October 21, 2015, to the Base Indenture, entered into by and among the Co-Issuers and Citibank, N.A., as the
Trustee and the securities intermediary thereunder), and in their respective capacities as Noteholders hereby direct the Control Party to consent to such Amendment No. 2. 

[REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] 

  
 72 

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

					
	 DOMINO’S PIZZA MASTER ISSUER LLC,

as Master Issuer and as a Co-Issuer

		
	By	 	 /s/ Adam J. Gacek

		 	Name:	 	Adam J. Gacek
		 	Title:	 	Secretary
	
	 DOMINO’S PIZZA DISTRIBUTION LLC,

as the Domestic Distributor and as a Co-Issuer

		
	By:	 	 /s/ Adam J. Gacek

		 	Name:	 	Adam J. Gacek
		 	Title:	 	Secretary
	
	 DOMINO’S IP HOLDER LLC,
 as the
IP Holder and as a Co-Issuer

		
	By:	 	 /s/ Adam J. Gacek

		 	Name:	 	Adam J. Gacek
		 	Title:	 	Secretary
	
	 DOMINO’S SPV CANADIAN HOLDING COMPANY INC.,

as the SPV Canadian HoldCo and as a Co-Issuer

		
	By:	 	 /s/ Adam J. Gacek

		 	Name:	 	Adam J. Gacek
		 	Title:	 	Secretary

  
 [Domino’s – VFN
Note Purchase Agreement] 

 
					
	 DOMINO’S PIZZA FRANCHISING LLC,

as a Guarantor

		
	By:	 	 /s/ Adam J. Gacek

		 	Name:	 	Adam J. Gacek
		 	Title:	 	Secretary
	
	 DOMINO’S PIZZA INTERNATIONAL FRANCHISING INC.,

as a Guarantor

		
	By:	 	 /s/ Adam J. Gacek

		 	Name:	 	Adam J. Gacek
		 	Title:	 	Secretary
	
	 DOMINO’S PIZZA CANADIAN DISTRIBUTION ULC,

as a Guarantor

		
	By:	 	 /s/ Adam J. Gacek

		 	Name:	 	Adam J. Gacek
		 	Title:	 	Secretary
	
	 DOMINO’S RE LLC,
 as a
Guarantor

		
	By:	 	 /s/ Adam J. Gacek

		 	Name:	 	Adam J. Gacek
		 	Title:	 	Secretary

  
 [Domino’s – VFN
Note Purchase Agreement] 

 
					
	 DOMINO’S EQ LLC,
 as a
Guarantor

		
	By:	 	 /s/ Adam J. Gacek

		 	Name:	 	Adam J. Gacek
		 	Title:	 	Secretary
	
	 DOMINO’S SPV GUARANTOR LLC,
 as
a Guarantor

		
	By:	 	 /s/ Adam J. Gacek

		 	Name:	 	Adam J. Gacek
		 	Title:	 	Secretary
	
	 DOMINO’S PIZZA LLC,
 as
Manager

		
	By:	 	 /s/ Adam J. Gacek

		 	Name:	 	Adam J. Gacek
		 	Title:	 	Secretary

  
 [Domino’s – VFN
Note Purchase Agreement] 

 
					
	 COÖPERATIEVE RABOBANK U.A., NEW YORK BRANCH,

as Administrative Agent

		
	By:	 	 /s/ Christopher Lew

		 	Name:	 	 Christopher Lew

		 	Title:	 	Executive Director
		
	By:	 	 /s/ Martin Snyder

		 	Name:	 	Martin Snyder
		 	Title:	 	 Executive Director

	
	 COÖPERATIEVE RABOBANK U.A., NEW YORK BRANCH,

as L/C Provider

		
	By:	 	 /s/ Christopher Lew

		 	Name:	 	 Christopher Lew

		 	Title:	 	Executive Director
		
	By:	 	 /s/ Martin Snyder

		 	Name:	 	Martin Snyder
		 	Title:	 	 Executive Director

  
 [Domino’s – VFN
Note Purchase Agreement] 

 
					
	 COÖPERATIEVE RABOBANK U.A., NEW YORK BRANCH,

as Swingline Lender

		
	By:	 	 /s/ Christopher Lew

		 	Name:	 	 Christopher Lew

		 	Title:	 	Executive Director
		
	By:	 	 /s/ Martin Snyder

		 	Name:	 	Martin Snyder
		 	Title:	 	 Executive Director

	
	 COÖPERATIEVE RABOBANK U.A., NEW YORK BRANCH,

as Committed Note Purchaser

		
	By:	 	 /s/ Christopher Lew

		 	Name:	 	 Christopher Lew

		 	Title:	 	Executive Director
		
	By:	 	 /s/ Martin Snyder

		 	Name:	 	Martin Snyder
		 	Title:	 	 Executive Director

  
 [Domino’s – VFN
Note Purchase Agreement] 

 
					
	 BARCLAYS BANK PLC,
 as Committed
Note Purchaser

		
	By:	 	 /s/ Laura Spichiger

		 	Name:	 	Laura Spichiger
		 	Title:	 	Director

  
 [Domino’s – VFN
Note Purchase Agreement] 

 SCHEDULE I TO CLASS A-1 

NOTE PURCHASE AGREEMENT 

INVESTOR GROUPS AND COMMITMENTS 
  

													
	Investor Group/Funding Agent	  	Maximum
Investor Group
Principal
Amount	 	  	Conduit
Lender (if any)	  	 Committed Note

Purchaser(s)
	  	Commitment
Amount	 
					
	 Coöperatieve Rabobank U.A., New York Branch
	  	$	125,000,000	 	  	N/A	  	Coöperatieve Rabobank U.A., New York Branch	  	$	125,000,000	 
					
	 Barclays Bank PLC
	  	$	50,000,000	 	  	N/A	  	Barclays Bank PLC	  	$	50,000,000	 

  
 Schedule I-1 

 SCHEDULE II TO CLASS A-1 

NOTE PURCHASE AGREEMENT 

NOTICE ADDRESSES FOR LENDER PARTIES, AGENTS, CO-ISSUERS AND MANAGER 

CONDUIT INVESTORS 
 N/A 

COMMITTED PURCHASERS 
 Coöperatieve Rabobank
U.A., New York Branch 
 245 Park Avenue, 37th Floor 

New York, NY 10167 
 Attention: General Counsel 

With a copy by e-mail to: tmteam@rabobank.com 

And a copy to: 
 Susan Williams

Assistant Vice President
 245 Park Avenue, 38th Floor 

New York, NY 10167 
 Fax: 914.304.9326 

fm.us.bilateralloansfax@rabobank.com 
 Barclays Capital 

745 Seventh Avenue 
 New York, New York 10019 

Laura Spichiger 
 With a copy by
e-mail to: barcapconduitops@barclays.com 
 And a copy by e-mail to: 

asgreports@barclays.com 

  
 Schedule II-1 

 FUNDING AGENTS 

Coöperatieve Rabobank U.A., New York Branch 
 245 Park
Avenue, 37th Floor 
 New York, NY 10167 

Attention: General Counsel 
 With a copy by e-mail to: tmteam@rabobank.com 
 And a copy to: 

Susan Williams
 Assistant Vice President

245 Park Avenue, 38th Floor 
 New York, NY 10167 

Fax: 914.304.9326 
 fm.us.bilateralloansfax@rabobank.com 

ADMINISTRATIVE AGENT 
 Coöperatieve Rabobank
U.A., New York Branch 
 245 Park Avenue, 37th Floor 

New York, NY 10167 
 Attention: General Counsel 

With a copy by e-mail to: tmteam@rabobank.com 

And a copy to: 
 Susan Williams

Assistant Vice President
 245 Park Avenue, 38th Floor 

New York, NY 10167 
 Fax: 914.304.9326 

fm.us.bilateralloansfax@rabobank.com 

 SWINGLINE LENDER 

Coöperatieve Rabobank U.A., New York Branch 
 245 Park
Avenue, 37th Floor 
 New York, NY 10167 

Attention: General Counsel 
 With a copy by e-mail to: tmteam@rabobank.com 
 And a copy to: 

Susan Williams
 Assistant Vice President

245 Park Avenue, 38th Floor 
 New York, NY 10167 

Fax: 914.304.9326 
 fm.us.bilateralloansfax@rabobank.com 

L/C PROVIDER 
 Coöperatieve Rabobank U.A., New
York Branch 
 245 Park Avenue, 37th Floor 

New York, NY 10167 
 Attention: General Counsel 

With a copy by e-mail to: tmteam@rabobank.com 

And a copy to: 
 Bibi Mohamed

Vice President
 245 Park Avenue, 38th Floor 

New York, NY 10167 
 Phone: 212.574.7315 

Fax: 201.499.5479 
 rabonysblc@rabobank.com 

 CO-ISSUERS 

Domino’s Pizza Master Issuer LLC 
 24 Frank Lloyd Wright
Drive 
 P.O. Box 485 
 Ann Arbor, MI 48105 

Attention: Secretary 
 Fax: 866.282.3872 

And a copy to (which shall not constitute notice): 
 Skadden,
Arps, Slate, Meagher & Flom LLP
 Four Times Square 

New York, New York 10036 
 Attention: David H. Midvidy 

Fax: 917.777.2089 
 Domino’s Pizza Master Issuer LLC 

24 Frank Lloyd Wright Drive 
 P.O. Box 485 

Ann Arbor, MI 48105 
 Attention: Secretary 

Fax: 866.282.3872 
 And a copy to (which shall not constitute
notice): 
 Skadden, Arps, Slate, Meagher & Flom LLP

Four Times Square 
 New York, New York 10036 

Attention: David H. Midvidy 
 Fax: 917.777.2089 

Domino’s Pizza Distribution LLC 
 24 Frank Lloyd Wright
Drive 
 P.O. Box 485 
 Ann Arbor, MI 48105 

Attention: Secretary 
 Fax: 866.282.3872 

And a copy to (which shall not constitute notice): 
 Skadden,
Arps, Slate, Meagher & Flom LLP
 Four Times Square 

New York, New York 10036 
 Attention: David H. Midvidy 

Fax: 917.777.2089 

  
 Schedule II-1 

 Domino’s IP Holder LLC 

24 Frank Lloyd Wright Drive 
 P.O. Box 485 

Ann Arbor, MI 48105 
 Attention: Secretary 

Fax: 866.282.3872 
 And a copy to (which shall not constitute
notice): 
 Skadden, Arps, Slate, Meagher & Flom LLP

Four Times Square 
 New York, New York 10036 

Attention: David H. Midvidy 
 Fax: 917.777.2089 

MANAGER 
 DOMINO’S PIZZA LLC 

24 Frank Lloyd Wright Drive 
 P.O. Box 485 

Ann Arbor, MI 48105 
 Attention: Secretary 

Fax: 866.282.3872 
 And a copy to (which shall not constitute
notice): 
 Skadden, Arps, Slate, Meagher & Flom LLP

Four Times Square 
 New York, New York 10036 

Attention: David H. Midvidy 
 Fax: 917.777.2089 

 SCHEDULE III TO CLASS A-1 

NOTE PURCHASE AGREEMENT 

ADDITIONAL CLOSING CONDITIONS 
 The
following are the additional conditions to initial issuance and effectiveness referred to in Section 7.01(c): 

(a) All corporate proceedings and other legal matters incident to the authorization, form and validity of each of the Related Documents, and
all other legal matters relating to the Related Documents and the transactions contemplated thereby, shall be satisfactory in all material respects to the Lender Parties, and the Co-Issuers and the Guarantors
shall have furnished to the Lender Parties all documents and information that the Lender Parties or their counsel may reasonably request to enable them to pass upon such matters. 

(b) The Lender Parties shall have received evidence satisfactory to the Lender Parties and their counsel, that, on or before the Series 2017-1
Closing Date, all UCC-1 financing statements and assignments and other instruments required to be filed on or prior to the Series 2017-1 Closing Date pursuant to the Related Documents have been or are being
filed. 
 (c) Each Lender Party shall have received one or more opinions of Skadden, Arps, Slate, Meagher & Flom LLP, counsel to
the Domino’s Parties, with respect to the matters set forth on Schedule I-A hereto. 

(d) Each Lender Party shall have received an opinion of in-house counsel to the Domino’s Parties,
addressed to the Committed Purchasers and dated the Closing Date, in form and substance reasonably satisfactory to each Lender Party and its counsel, which opinion shall include the opinions set forth on Schedule
I-B. 
 (e) Each Lender Party shall have received an opinion of DLA Piper LLP (US), franchise
counsel to the Domino’s Parties, addressed to the Committed Purchasers and dated the Closing Date, in form and substance reasonably satisfactory to each Lender Party and its counsel, which opinion shall include the relevant opinions set forth
on Schedule I-C. 
 (f) Each Lender Party shall have received an opinion from Miller,
Canfield, Paddock & Stone, P.L.C., Michigan counsel, addressed to the Committed Purchasers and dated as of the Closing Date, in form and substance reasonably satisfactory to each Lender Party and its counsel, which opinion shall include the
relevant opinions set forth on Schedule I-C. 
 (g) Each Lender Party shall have received an
opinion from Stewart McKelvey, Nova Scotia counsel, Stikeman Elliot LLP, Alberta, British Columbia and Ontario counsel, Thompson Dorman Sweatman LLP, Manitoba counsel, and Loyens Loeff, Dutch counsel, each addressed to the Committed Purchasers and
dated as of the Closing Date, in form and substance reasonably satisfactory to each Lender Party and its counsel, which opinions shall include the relevant opinions set forth on Schedule I-D. 

(h) Each Lender Party shall have received an opinion of Dentons US LLP, counsel to the Trustee, addressed to the Committed Purchasers and
dated as of the Closing Date, in form and substance reasonably satisfactory to each Lender Party and its counsel, which opinion shall include the relevant opinions set forth on Schedule I-E. 

  
 Schedule III-1 

 (i) Each Lender Party shall have received an opinion of Andrascik & Tita LLC, counsel to
the Servicer, and an opinion of in-house counsel to the Servicer, each addressed to the Committed Purchasers and dated the Closing Date, in form and substance reasonably satisfactory to each Lender Party and
its counsel, which opinions shall include the relevant opinions set forth on Schedule I-E. 

(j) Each Lender Party shall have received a bring down letter to the opinion of in-house counsel to
the Back-Up Manager delivered in connection with the issuance and sale of the Series 2012-1 Notes, addressed to the Committed Purchasers and dated as of the Closing
Date, in form and substance reasonably satisfactory to each Lender Party and its counsel, which bring-down letter to the opinion shall include the relevant opinions set forth on Schedule I-E. 

(k) There shall exist at and as of the Series 2017-1 Closing Date no condition that would constitute an “Event of Default” (or an
event that with notice or the lapse of time, or both, would constitute an “Event of Default”) under, and as defined in, the Indenture or a material breach under any of the Related Documents as in effect at the Series 2017-1 Closing Date
(or an event that, with notice or lapse of time, or both, would constitute such a material breach). On the Series 2017-1 Closing Date, each of the Related Documents shall be in full force and effect. 

(l) The Manager, each Guarantor and each Co-Issuer shall have furnished to the Administrative Agent a
certificate, in form and substance reasonably satisfactory to the Representative, dated as of the Closing Date, of the Chief Financial Officer (or, if such entity has no Chief Financial Officer, of another Authorized Officer) of such entity that
such entity will be Solvent immediately after the consummation of the transactions contemplated by this Agreement; provided, that, in the case of each Securitization Entity, the liabilities of the other Securitization Entities with respect to
debts, liabilities and obligations for which such Securitization Entity is jointly and severally liable shall be taken into account. 
 (m)
None of the transactions contemplated by this Agreement shall be subject to an injunction (temporary or permanent) and no restraining order or other injunctive order shall have been issued; and there shall not have been any legal action, order,
decree or other administrative proceeding instituted or threatened against the Co-Issuers, the Parent Companies or the Lender Parties that would reasonably be expected to adversely impact the issuance of the
Series 2017-1 Notes and the Guarantee thereof under the G&C Agreement or the Lender Parties’ activities in connection therewith or any other transactions contemplated by the Related Documents. 

(n) The representations and warranties of each of the Co-Issuers, the Parent Companies and the Manager
(to the extent a party thereto) contained in the Related Documents to which each of the Co-Issuers, the Parent Companies and the Manager is a party will be true and correct (i) if qualified as to
materiality or Material Adverse Effect, in all respects, and (ii) if not so qualified, in all material respects, as of the Series 2017-1 Closing Date (unless stated to relate solely to an earlier date, in which case such representations and
warranties shall be true and correct (x) if qualified as to materiality, in all respects, and (y) if not so qualified, in all material respects, as of such earlier date). 

  
 Schedule I-2 

 (o) The Co-Issuers shall have delivered $1,900,000,000 of
the Series 2017-1 Class A-2 Notes to the Initial Purchasers on the Series 2017-1 Closing Date. 

(p) The Lender Parties shall have received a certificate from each Co-Issuer, and the Manager, in each
case executed on behalf of such Person by any Authorized Officer of the such Person, dated the Series 2017-1 Closing Date, to the effect that, to the best of each such Authorized Officer’s knowledge, (i) the representations and warranties
of such Person in this Agreement and in each other Related Document to which such Person is a party are true and correct (A) if qualified as to materiality or Material Adverse Effect, in all respects and (B) if not so qualified, in all
material respects, in each case, on and as of the Series 2017-1 Closing Date (unless stated to relate solely to an earlier date, in which case such representations and warranties shall be true and correct (x) if qualified as to materiality or
Material Adverse Effect, in all respects, and (y) if not so qualified, in all material respects, in each case, as of such earlier date); (ii) such Person has complied with all agreements in all material respects and satisfied all conditions on
its part to be performed or satisfied hereunder or under the Related Documents at or prior to the Series 2017-1 Closing Date; (iii) subsequent to the date as of which information is given in the Pricing Disclosure Package (as defined in the
Series 2017-1 Class A-2 Note Purchase Agreement), there has not been any development in the general affairs, business, properties, capitalization, condition (financial or otherwise) or results of
operation of such Person except as set forth or contemplated in the Pricing Disclosure Package or as described in such certificate or certificates that could reasonably be expected to result in a Material Adverse Effect; and (iv) nothing has
come to such officer’s attention that would lead such Authorized Officer to believe that the Pricing Disclosure Package, as of the Applicable Time (as defined in the Series 2017-1 Class A-2 Note
Purchase Agreement), and as of the Series 2017-1 Closing Date, or the Offering Memorandum as of its date and as of the Series 2017-1 Closing Date included or includes any untrue statement of a material fact or omitted or omits to state any material
fact necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading. 
 (q) On
or prior to the Series 2017-1 Closing Date, the Co-Issuers shall have jointly and severally paid to the Administrative Agent (i) the Upfront Commitment Fee (under and as defined in the Series 2017-1 Class A-1 VFN Fee Letter) and (ii) the initial installment of Administrative Agent Fee (under and as defined in the Series 2017-1 Class A-1 VFN Rabobank Fee
Letter). 

  
 Schedule I-3 

 SCHEDULE I TO 

ADDITIONAL CLOSING CONDITIONS 

Schedule I-A 

Capitalized terms used within this Schedule I-A shall have the meanings set forth in the respective opinion letters in
which they will be delivered. 
 Skadden, Arps, Slate, Meagher & Flom LLP Opinions 

Skadden 2017 Corporate Opinion 
  

	1.	Based solely on our review of the 2017 Delaware Certificates, each Delaware Opinion Party is duly incorporated or formed, as applicable, and is validly existing and in good standing under the DGCL or the DLLCA, as
applicable. 

  

	2.	Each Delaware Opinion Party has the corporate or limited liability company, as applicable, power and authority to execute and deliver each of the Transaction Agreements to which such Delaware Opinion Party is a party
and to perform all its obligations thereunder, including, if such Delaware Opinion Party is a Co-Issuer, the issuance and sale of the Notes, under the DGCL or the DLLCA, as applicable, and each Delaware Member
has the limited liability company power and authority to execute, deliver and perform all of its obligations under each of the Delaware LLC Agreements to which such Delaware Member is a party under the DLLCA. 

 

	3.	Each of the Transaction Agreements to which a Delaware Opinion Party is a party has been duly authorized, executed and delivered by all requisite corporate or limited liability company, as applicable, action on the part
of such Delaware Opinion Party under the DGCL or the DLLCA, as applicable. 

  

	4.	(A) Each of the New York Transaction Agreements to which an Opinion Party is a party constitutes the valid and binding obligation of such Opinion Party, enforceable against such Opinion Party in accordance with its
terms under the laws of the State of New York. (B) Each of the Delaware Transaction Agreements to which an Opinion Party or DNAF is a party constitutes the valid and binding obligation of such Opinion Party or DNAF, enforceable against such
Opinion Party or DNAF in accordance with its terms under the laws of the State of Delaware. 

  

	5.	Each Delaware LLC Agreement of each Delaware LLC Opinion Party constitutes the valid and binding agreement of each Delaware Member party thereto, enforceable against such Delaware Member in accordance with its terms
under the laws of the State of Delaware. 

  

	6.	 Neither the execution and delivery by each Delaware Opinion Party of the Transaction Agreements to which such
Delaware Opinion Party is a party, nor the performance by such Delaware Opinion Party of its obligations thereunder, including, if such Delaware Opinion Party is a Co-Issuer, the issuance and sale of the
Notes, (i) conflicts with the 

  
 Schedule I-1 

	 	
Organizational Documents of such Delaware Opinion Party or (ii) violates any law, rule or regulation of the State of New York or the United States of America or the DGCL or the DLLCA, as
applicable. 

  

	7.	Neither the execution and delivery by each Opinion Party of the Transaction Agreements to which such Opinion Party is a party nor the enforceability of each of the Transaction Agreements to which such Opinion Party is a
party against such Opinion Party, requires the consent, approval, licensing or authorization of, or any filing, recording or registration with, any governmental authority under any law, rule or regulation of the State of New York or the United
States of America or the DGCL or the DLLCA, as applicable, except for those consents, approvals, licenses and authorizations already obtained and those filings, recordings and registrations already made. 

 

	8.	Each Opinion Party is not and, solely after giving effect to the offering and sale of the Notes and the application of the proceeds thereof as described in the Offering Memorandum, will not be an “investment
company” as such term is defined in Section 3(a)(1) of the Investment Company Act of 1940, as amended, and each Opinion Party is not a “covered fund” for purposes of regulations adopted under Section 13 of the Bank Holding
Company Act of 1956, as amended. 

  

	9.	All conditions precedent to the issuance of the Notes set forth in the Indenture have been satisfied and the Series 2017-1 Supplement is authorized or permitted pursuant to the
terms and conditions of the Indenture. 

  

	10.	The Notes have been duly authorized by all requisite limited liability company or corporate action, as applicable, on the part of the Co-Issuers and duly executed by the Co-Issuers under the DLLCA or DGCL, as applicable, and when duly authenticated by the Trustee and issued and delivered by the Co-Issuers against payment therefor in accordance
with the terms of the Series 2017-1 Note Purchase Agreements and the Indenture, the Notes will constitute valid and binding obligations of the Co-Issuers, entitled to
the benefits of the Indenture and enforceable against the Co-Issuers in accordance with their terms under the laws of the State of New York. 

 

	11.	 Assuming (i) the accuracy of the representations and warranties of the Opinion Parties party thereto set
forth in Section 2(a) through (g) of the Series 2017-1 Class A-2 Note Purchase Agreement and of the Initial Purchasers in Sections 3(b), (d) and
(e) of the Series 2017-1 Class A-2 Note Purchase Agreement, (ii) the due performance by such Opinion Parties of the covenants and agreements set forth in
Section 5(e) through (h), (n) through (p) and (s) of the Series 2017-1 Class A-2 Note Purchase Agreement and the due performance by the Initial Purchasers
of the covenants and agreements set forth in Section 3(b), (d) and (e) of the Series 2015-1 Class A-2 Note Purchase Agreement, and (iii) the
compliance by the Initial Purchasers with the offering and transfer procedures and restrictions described in the Offering Memorandum, the offer, sale and delivery of the Series 2017-1 Class A-2 Notes to the Initial Purchasers in the manner contemplated by the Offering Memorandum and the Series 2017-1
Class A-2 Purchase Agreement and the initial resale of the Series 2017-1 Class A-2 Notes by the Initial Purchasers in
the manner contemplated in the Offering Memorandum and the Series 2017-1 Class A-2 

  
 Schedule I-2 

	 	
Purchase Agreement, do not require registration under the Securities Act of 1933, as amended, or qualification of the Indenture under the Trust Indenture Act of 1939, as amended, it being
understood that we do not express any opinion with respect to any subsequent reoffer or resale of any Series 2017-1 Class A-2 Notes. 

 

	12.	Assuming the accuracy of the representations and warranties of the Opinion Parties party thereto set forth in Section 6.01(c) through (e) and (g) of the Series 2017-1 Class A-1 Note Purchase Agreement and of the Lender Parties (as such term is defined in the Series 2017-1 Class A-1 Note
Purchase Agreement) in Section 6.03(a) through (h) of the Series 2017-1 Class A-1 Note Purchase Agreement, the offer, sale and delivery of the Series 2017-1 Class A-1 Notes to the Lender Parties in the manner contemplated by the Series 2017-1
Class A-1 Purchase Agreement does not require registration under the Securities Act of 1933, as amended, or qualification of the Indenture under the Trust Indenture Act of 1939, as amended, it being
understood that we do not express any opinion with respect to any subsequent reoffer or resale of any Series 2017-1 Class A-1 Notes. 

 

	13.	The Notes and the Company Order conform to the requirements of the Base Indenture and the Series 2017-1 Supplement, and the Notes are permitted to be authenticated by the Trustee
pursuant to the terms of the Base Indenture and the Series 2017-1 Supplement. 

 Skadden 2017
Reliance Letter 
  

	14.	You are hereby authorized to rely on the 2012 Opinions and the 2015 Opinions in connection with the closing occurring today and the offering of the Notes, subject to the assumptions and qualifications set forth in the
respective 2012 Opinions and 2015 Opinions, as if you were an original addressee thereof, as of the date thereof. We have assumed and continue to assume no obligation to update or supplement the attached 2012 Opinions or 2015 Opinions to reflect any
facts or circumstances which have occurred since March 15, 2012, April 3, 2012, or October 21, 2015, as applicable, or may occur after the date hereof; provided, that we have furnished you with an opinion, dated the date hereof, with
respect to certain corporate matters of certain Transaction Parties relating to the 2017 Issuance. 

 2012 Corporate
Opinion 
  

	 	a.	Based solely on our review of the Delaware Certificates, each Delaware Opinion Party is duly incorporated or formed, as applicable, and is validly existing and in good standing under the DGCL or the DLLCA, as
applicable. 

  

	 	b.	Each Delaware Opinion Party has the corporate or limited liability company, as applicable, power and authority to execute and deliver each of the Transaction Documents (other than the LLC Agreements) to which such
Delaware Opinion Party is a party and to consummate the transactions contemplated thereby under the DGCL or the DLLCA, as applicable, and each Delaware Member has the limited liability company power and authority to execute, deliver and perform all
of its obligations under each of the Securitization Entity LLC Agreements to which such Delaware Member is a party under the DLLCA. 

  
 Schedule I-3 

	 	c.	Each of the Transaction Documents to which a Delaware Opinion Party is a party has been duly authorized, executed and delivered by all requisite corporate or limited liability company, as applicable, action on the part
of such Delaware Opinion Party under the DGCL or the DLLCA, as applicable. 

  

	 	d.	(A) Each of the New York Transaction Agreements to which an Opinion Party is a party constitutes the valid and binding obligation of such Opinion Party, enforceable against such Opinion Party in accordance with its
terms under the laws of the State of New York. (B) Each of the Delaware Transaction Agreements to which an Opinion Party is a party constitutes the valid and binding obligation of such Opinion Party, enforceable against such Opinion Party in
accordance with its terms under the laws of the State of Delaware. 

  

	 	e.	Each Securitization Entity LLC Agreement of each Delaware LLC Opinion Party constitutes a valid and binding agreement of each Delaware Member party thereto, enforceable against such Delaware Member in accordance with
its terms under the DLLCA. 

  

	 	f.	The provisions of each Securitization Entity LLC Agreement regulating each Delaware LLC Opinion Party’s authority to commence a voluntary case under title 11 of the United States Code constitute a valid and binding
agreement of the respective Delaware Member, enforceable against such Delaware Member in accordance with its terms under the DLLCA. 

  

	 	g.	Under the DLLCA and each LLC Agreement, the commencement of a bankruptcy proceeding with respect to or a dissolution of the Member of a Delaware LLC Opinion Party will not, by itself, cause such Delaware LLC Opinion
Party to be dissolved or its affairs to be wound up. 

  

	 	h.	Neither the execution and delivery by each Delaware Opinion Party of the Transaction Documents to which such Delaware Opinion Party is a party nor the consummation by such Delaware Opinion Party of the transactions
contemplated thereby, including the issuance and sale of the Notes in accordance with the Transaction Documents, conflicts with the Organizational Documents of such Delaware Opinion Party. 

 

	 	i.	Neither the execution and delivery by each Opinion Party of the Transaction Documents to which such Opinion Party is a party nor the consummation by such Opinion Party of the transactions contemplated thereby, including
the issuance and sale of the Notes: (i) violates any law, rule or regulation of the State of Delaware, the State of New York or the United States of America, or (ii) requires the consent, approval, licensing or authorization of, or any
filing, recording or registration with, any governmental authority under any law, rule or regulation of the State of New York or the United States of America or the DGCL or the DLLCA, as applicable, except for those consents, approvals, licenses and
authorizations already obtained and those filings, recordings and registrations already made. 

  
 Schedule I-4 

	 	j.	Each Opinion Party is not and, solely after giving effect to the offering and sale of the Notes and the application of the proceeds thereof as described in the Offering Memorandum, will not be an “investment
company” as such term is defined in the Investment Company Act of 1940, as amended. 

  

	 	k.	The Notes have been duly authorized by all requisite limited liability company or corporate action, as applicable, on the part of the Co-Issuers and duly executed by the Co-Issuers under the DLLCA or DGCL, as applicable, and when duly authenticated by the Trustee and issued and delivered by the Co-Issuers against payment therefor in accordance
with the terms of the Purchase Agreements and the Indenture, the Notes will constitute valid and binding obligations of the Co-Issuers, entitled to the benefits of the Indenture and enforceable against the Co-Issuers in accordance with their terms under the laws of the State of New York. 

  

	 	l.	Assuming (i) the accuracy of the representations and warranties of the Opinion Parties party thereto set forth in Section 2(a) through (e) of the Class A-2 NPA
and of the Initial Purchasers in Sections 3(b) and (d) of the Class A-2 NPA, (ii) the due performance by such Opinion Parties of the covenants and agreements set forth in Section 5(i), (o),
(p), (q) and (u) of the Class A-2 NPA and the due performance by the Initial Purchasers of the covenants and agreements set forth in Section 3(b) and (d) of the Class A-2 NPA, and (iii) the compliance by the Initial Purchasers with the offering and transfer procedures and restrictions described in the Offering Memorandum, the offer, sale and delivery of the Notes
to the Initial Purchasers in the manner contemplated by the Purchase Agreements and the Offering Memorandum and the initial resale of the Notes by the Initial Purchasers in the manner contemplated in the Offering Memorandum and the Purchase
Agreements, do not require registration under the Securities Act or qualification of the Indenture under the Trust Indenture Act of 1939, it being understood that we do not express any opinion with respect to any subsequent reoffer or resale of any
Notes. 

 2012 Security Interest Opinion 
  

	 	a.	Under the New York UCC, the provisions of the Indenture are effective to create a security interest in each Co-Issuer’s rights in the UCC Collateral in favor of the Trustee
to secure the Obligations (as defined in the Indenture). 

  

	 	b.	Under the New York UCC, the provisions of the G&C Agreement are effective to create a security interest in each Guarantor’s rights in the UCC Collateral in favor of the Trustee to secure the Obligations (as
defined in the Indenture). 

  

	 	c.	Each Delaware Financing Statement (other than the Previously Filed Financing Statements) is in sufficient form for filing in the Delaware Filing Office. Under the Delaware UCC, the security interest of the Trustee will
be perfected in each Grantor’s rights in that portion of the UCC Collateral in which a security interest can be perfected under the Delaware UCC by the filing of a financing statement in the Delaware Filing Office upon the later of the
attachment of the security interest and the filing of the Delaware Financing Statement identifying such Grantor as debtor in the Delaware Filing Office. 

  
 Schedule I-5 

	 	d.	Under the New York UCC and the Federal Book-Entry Regulations, the provisions of the Control Agreement are effective to perfect the security interest of the Trustee in each Grantor’s rights in the respective
Collateral Account. 

  

	 	e.	Under the New York UCC, assuming that neither the Trustee nor any Beneficiary has notice of adverse claims with respect to the Possessory Certificates then, upon the delivery on the date hereof of such Possessory
Certificates to the Trustee, indorsed by an effective indorsement, either in blank or to the Trustee, the security interest of the Trustee in each Grantor’s rights in the Possessory Certificates pledged by such Grantor will be perfected and the
Trustee will acquire each Grantor’s rights in the Possessory Certificates pledged by such Grantor free of any adverse claims under Section 8-303 of the New York UCC. As used herein, “notice of
adverse claim” has the meaning set forth in Section 8-105 of the New York UCC and includes, without limitation, any adverse claim that the Trustee or any Beneficiary would discover upon any
investigation that such person has a duty, imposed by statute or regulation, to conduct. 

  

	 	f.	To the extent that federal trademark laws of the United States pertaining to the assignment of trademarks preempt the provisions of the applicable UCC requiring the filing of a financing statement for the perfection of
a security interest in trademarks, the recordation of the Trademark Security Agreement in the United States Patent and Trademark Office (the “PTO”) against the U.S. registered trademarks and trademark applications set forth on Schedule 1
to the Trademark Security Agreement (the “Trademarks”) within three (3) months after its date will perfect the Trustee’s security interest in the IP Holder’s right, title and interest in such Trademarks. 

 

	 	g.	To the extent that federal patent laws of the United States pertaining to the assignment, grant or conveyance of patents preempt the provisions of the applicable UCC requiring the filing of a financing statement for the
perfection of a security interest in patents, the recordation of the Patent Security Agreement in the PTO against the U.S. patents and patent applications set forth on Schedule 1 to the Patent Security Agreement (the “Patents”) within
three (3) months from its date will perfect the Trustee’s security interest in the IP Holder’s right, title and interest in such Patents. 

2012 Back-Up Security Interest Opinion 

 

	 	a.	 We call to your attention that each Contribution Agreement purported to contribute or sell the applicable UCC
Collateral, and we do not express any opinion with respect to the proper characterization of the transfer. However, if in each case the transfer was characterized as a lien, the provisions of each Contribution Agreement were effective under the UCC
to create a security 

  
 Schedule I-6 

	 	
interest in each Grantor’s rights in the applicable UCC Collateral in favor of the related Secured Party in each case to secure a loan in the aggregate value specified in such Contribution
Agreement. 

 2012 Voluntary Bankruptcy Opinion 

 

	 	a.	In a properly presented and argued case by a party with standing to seek dismissal of the Voluntary Case based on a Delaware Securitization Entity’s failure to comply with those provisions of its Organizational
Documents requiring a unanimous written consent of its Managers or Directors, as applicable, to commence a Voluntary Case, as a legal matter, and based upon existing case law, a bankruptcy court would rule that compliance with those provisions of
the Organizational Documents requiring a unanimous written consent of such Delaware Securitization Entity’s Managers or Directors, as applicable, to commence a Voluntary Case is necessary in order to commence a Voluntary Case.

 2015 Corporate Opinion 
  

	 	a.	Based solely on our review of the Delaware Certificates, each Delaware Opinion Party is duly incorporated or formed, as applicable, and is validly existing and in good standing under the DGCL or the DLLCA, as
applicable. 

  

	 	b.	Each Delaware Opinion Party has the corporate or limited liability company, as applicable, power and authority to execute and deliver each of the Transaction Agreements to which such Delaware Opinion Party is a party
and to consummate the transactions contemplated thereby, including, if such Delaware Opinion Party is a Co-Issuer, the issuance and sale of the Notes, under the DGCL or the DLLCA, as applicable, including, if
such Delaware Opinion Party is a Co-Issuer, the issuance and sale of the Notes, and each Delaware Member has the limited liability company power and authority to execute, deliver and perform all of its
obligations under each of the Delaware LLC Agreements to which such Delaware Member is a party under the DLLCA. 

  

	 	c.	Each of the Transaction Agreements to which a Delaware Opinion Party is a party has been duly authorized, executed and delivered by all requisite corporate or limited liability company, as applicable, action on the part
of such Delaware Opinion Party under the DGCL or the DLLCA, as applicable. 

  

	 	d.	(A) Each of the New York Transaction Agreements to which an Opinion Party is a party constitutes the valid and binding obligation of such Opinion Party, enforceable against such Opinion Party in accordance with its
terms under the laws of the State of New York. (B) Each of the Delaware Transaction Agreements to which an Opinion Party or DNAF is a party constitutes the valid and binding obligation of such Opinion Party or DNAF, enforceable against such
Opinion Party or DNAF in accordance with its terms under the laws of the State of Delaware. 

  
 Schedule I-7 

	 	e.	Each Delaware LLC Agreement of each Delaware LLC Opinion Party constitutes a valid and binding agreement of each Delaware Member party thereto, enforceable against such Delaware Member in accordance with its terms under
the DLLCA. 

  

	 	f.	Neither the execution and delivery by each Delaware Opinion Party of the Transaction Agreements to which such Delaware Opinion Party is a party nor the consummation by such Delaware Opinion Party of the transactions
contemplated by each of the Transaction Agreements to which such Delaware Opinion Party is a party, including, if such Delaware Opinion Party is a Co-Issuer, the issuance and sale of the Notes,
(i) conflicts with the Organizational Documents of such Delaware Opinion Party or (ii) violates any law, rule or regulation of the State of New York or the United States of America or the DGCL or the DLLCA, as applicable;

  

	 	g.	Neither the execution and delivery by each Opinion Party of the Transaction Agreements to which such Opinion Party is a party nor the enforceability of each of the Transaction Agreements to which such Opinion Party is a
party against such Opinion Party, requires the consent, approval, licensing or authorization of, or any filing, recording or registration with, any governmental authority under any law, rule or regulation of the State of New York or the United
States of America, the DGCL or the DLLCA, as applicable, or except for those consents, approvals, licenses and authorizations already obtained and those filings, recordings and registrations already made. 

 

	 	h.	Each Opinion Party is not and, solely after giving effect to the offering and sale of the Notes and the application of the proceeds thereof as described in the Offering Memorandum, will not be an “investment
company” as such term is defined in the Investment Company Act of 1940, as amended. 

  

	 	i.	All conditions precedent to the issuance of the Notes set forth in the Indenture have been satisfied and the Series 2015-1 Supplement is authorized or permitted pursuant to the
terms and conditions of the Indenture. 

  

	 	j.	The Notes have been duly authorized by all requisite limited liability company or corporate action, as applicable, on the part of the Co-Issuers and duly executed by the Co-Issuers under the DLLCA or DGCL, as applicable, and when duly authenticated by the Trustee and issued and delivered by the Co-Issuers against payment therefor in accordance
with the terms of the Series 2015-1 Note Purchase Agreements and the Indenture, the Notes will constitute valid and binding obligations of the Co-Issuers, entitled to
the benefits of the Indenture and enforceable against the Co-Issuers in accordance with their terms under the laws of the State of New York. 

  
 Schedule I-8 

	 	k.	Assuming (i) the accuracy of the representations and warranties of the Opinion Parties party thereto set forth in Section 2(a) through (g) of the Series 2015-1 Class A-2 Note Purchase Agreement and of the Initial Purchasers in Sections 3(b), (d) and (e) of the Series 2015-1
Class A-2 Note Purchase Agreement, (ii) the due performance by such Opinion Parties of the covenants and agreements set forth in Section 5(e) through (h), (n) through (p) and (s) of the
Series 2015-1 Class A-2 Note Purchase Agreement and the due performance by the Initial Purchasers of the covenants and agreements set forth in Section 3(b),
(d) and (e) of the Series 2015-1 Class A-2 Note Purchase Agreement, and (iii) the compliance by the Initial Purchasers with the offering and transfer
procedures and restrictions described in the Offering Memorandum, the offer, sale and delivery of the Series 2015-1 Class A-2 Notes to the Initial Purchasers in the
manner contemplated by the Offering Memorandum and the Series 2015-1 Class A-2 Purchase Agreement and the initial resale of the Series 2015-1 Class A-2 Notes by the Initial Purchasers in the manner contemplated in the Offering Memorandum and the Series 2015-1 Class A-2 Purchase Agreement, do not require registration under the Securities Act of 1933, as amended, or qualification of the Indenture under the Trust Indenture Act of 1939, as amended, it being understood
that we do not express any opinion with respect to any subsequent reoffer or resale of any Series 2015-1 Class A-2 Notes. 

 

	 	l.	Assuming the accuracy of the representations and warranties of the Opinion Parties party thereto set forth in Section 6.01(c) through (e) and (g) of the Series 2015-1 Class A-1 Note Purchase Agreement and of the Lender Parties (as such term is defined in the Series 2015-1 Class A-1 Note
Purchase Agreement) in Section 6.03(a) through (h) of the Series 2015-1 Class A-1 Note Purchase Agreement, the offer, sale and delivery of the Series 2015-1 Class A-1 Notes to the Lender Parties in the manner contemplated by the Series 2015-1
Class A-1 Purchase Agreement does not require registration under the Securities Act of 1933, as amended, or qualification of the Indenture under the Trust Indenture Act of 1939, as amended, it being
understood that we do not express any opinion with respect to any subsequent reoffer or resale of any Series 2015-1 Class A-1 Notes. 

 

	 	m.	The Notes and the Company Order conform to the requirements of the Base Indenture and the Series 2015-1 Supplement, and the Notes are permitted to be authenticated by the Trustee
pursuant to the terms of the Base Indenture and the Series 2015-1 Supplement. 

2015 Security Interest Opinion 
  

	 	a.	Under the New York UCC, the provisions of the Indenture are effective to create a security interest in each Co-Issuer’s rights in the UCC Collateral in favor of the Trustee
to secure the Obligations (as defined in the Indenture). 

  
 Schedule I-9 

	 	b.	Under the New York UCC, the provisions of the G&C Agreement are effective to create a security interest in each Guarantor’s rights in the UCC Collateral in favor of the Trustee to secure the Obligations (as
defined in the Indenture). 

  

	 	c.	Under the Delaware UCC, the security interest of the Trustee was perfected in each Delaware Grantor’s rights in that portion of the UCC Collateral in which a security interest can be perfected under the Delaware
UCC by the filing of a financing statement in the Delaware Filing Office upon the later of the attachment of the security interest and the filing of the Delaware Financing Statement identifying such Grantor as debtor in the Delaware Filing Office.

  

	 	d.	Under the New York UCC, the provisions of the Base Indenture are effective to perfect the security interest of the Trustee in each Co-Issuer’s rights in the respective
Indenture Trust Account. 

  

	 	e.	Under the New York UCC, the provisions of the Control Agreement are effective to perfect the security interest of the Trustee in each Grantor’s rights in the respective Collateral Account. 

 

	 	f.	Under the New York UCC, assuming that neither the Trustee nor any Beneficiary has notice of adverse claims with respect to the Possessory Certificates, then, upon the delivery of such Possessory Certificates to the
Trustee, indorsed by an effective indorsement, either in blank or to the Trustee, the security interest of the Trustee in each Grantor’s rights in the Possessory Certificates pledged by such Grantor was perfected and the Trustee acquired each
Grantor’s rights in the Possessory Certificates pledged by such Grantor free of any adverse claims under Section 8-303 of the New York UCC. As used herein, “notice of adverse claim” has the
meaning set forth in Section 8-105 of the New York UCC and includes, without limitation, any adverse claim that the Trustee or any Beneficiary would discover upon any investigation that such person has a
duty, imposed by statute or regulation, to conduct. 

  

	 	g.	To the extent that the provisions of the Lanham (Trademark) Act (15 U.S.C. § 1051, et seq.) (the “Lanham Act”) pertaining to the assignment of trademarks preempt the provisions of the applicable UCC
requiring the filing of a financing statement for the perfection of a security interest in trademarks, the recordation of the (i) Supplemental Trademark Security Agreement in the United States Patent and Trademark Office (the “PTO”)
against the U.S. registered trademarks and trademark applications identified by the trademark and trademark application numbers set forth on Schedule 1 to the Supplemental Trademark Security Agreement (the “Supplemental Trademarks”) within
three (3) months after its date perfected the Trustee’s security interest in the IP Holder’s right, title and interest in such Supplemental Trademarks, and (ii) Trademark Security Agreement in the PTO against the U.S. registered
trademarks and trademark applications identified by the trademark and trademark application numbers set forth on Schedule 1 to the Trademark Security Agreement (the “Existing Trademarks” and, together with the Supplemental Trademarks, the
“Trademarks”) within three (3) months after its date perfected the Trustee’s security interest in the IP Holder’s right, title and interest in such Existing Trademarks. 

  
 Schedule I-10 

	 	h.	To the extent that the provisions of the United States Patent Act (35 U.S.C. § 1, et seq.) (the “Patent Act”) pertaining to the assignment, grant or conveyance of patents preempt the provisions of the
applicable UCC requiring the filing of a financing statement for the perfection of a security interest in patents, the recordation of the (i) Supplemental Patent Security Agreement in the PTO against the U.S. patents and patent applications
identified by the patent and patent application numbers set forth on Schedule 1 to the Supplemental Patent Security Agreement (the “Supplemental Patents”) within three (3) months from its date perfected the Trustee’s security
interest in the IP Holder’s right, title and interest in such Supplemental Patents, and (ii) Patent Security Agreement in the PTO against the U.S. patents and patent applications identified by the patent and patent application numbers set
forth on Schedule 1 to the Patent Security Agreement (the “Existing Patents” and, together with the Supplemental Patents, the “Patents”) within three (3) months from its date perfected the Trustee’s security interest in
the IP Holder’s right, title and interest in such Existing Patents. 

 2015 True Sale Opinion 

 

	 	a.	On the 2007 Closing Date, the contributions pursuant to the 2007 Contribution Agreements constituted contributions by the applicable Contributor to the applicable Contributee of the applicable Contributed Assets rather
than grants by such Contributor to such Contributee of a security interest in such Contributed Assets to secure a loan and, in a properly presented and argued case, as a legal matter, and based upon existing case law, in the event of the bankruptcy
of any Contributor under a 2007 Contribution Agreement, subject to the qualifications stated herein, (a) section 362(a) of the Bankruptcy Code would not apply to stay payment to the applicable Contributee under such 2007 Contribution Agreement
(or its assigns) of amounts collected in connection with the Contributed Assets and proceeds of sale thereof and (b) the Contributed Assets and proceeds of sale or collections in connection therewith would not constitute property of the
applicable Contributor’s bankruptcy estate under section 541(a)(1) of the Bankruptcy Code. 

  

	 	b.	 On the 2012 Closing Date, the contributions pursuant to the 2012 Contribution Agreements constituted
contributions by the applicable Contributor to the applicable Contributee of the applicable Contributed Assets rather than grants by such Contributor to such Contributee of a security interest in such Contributed Assets to secure a loan and, in a
properly presented and argued case, as a legal matter, and based upon existing case law, in the event of the bankruptcy of any Contributor under a 2012 Contribution Agreement, subject to the qualifications stated herein, (a) section 362(a) of
the Bankruptcy Code would not apply to stay payment to the applicable Contributee under such 2012 Contribution Agreement (or its assigns) of amounts collected in connection with the Contributed Assets and proceeds of sale thereof and (b) the
Contributed Assets and proceeds of sale 

  
 Schedule I-11 

	 	
or collections in connection therewith would not constitute property of the applicable Contributor’s bankruptcy estate under section 541(a)(1) of the Bankruptcy Code. 

 

	 	c.	The execution and delivery of, and the consummation of the transactions expressly provided for in, the 2012 Transaction Documents (in the case of the 2007 Contributions) and the 2015 Transaction Documents (in the case
of the 2007 Contributions and the 2012 Contributions) do not adversely affect the conclusions expressed above with respect to the characterization of the transfers on the 2007 Closing Date and the 2012 Closing Date. 

 

	 	d.	As of the date hereof, the law applicable to the analysis of the matters discussed above has not changed from that in effect on the 2007 Closing Date or the 2012 Closing Date, as applicable, in any manner which would
adversely affect the conclusions expressed above with respect to the characterization of the transfers on the 2007 Closing Date and the 2012 Closing Date. 

Skadden 2017 Voluntary Bankruptcy Opinion 
  

	15.	In a properly presented and argued case by a party with standing to seek dismissal of a Voluntary Case based on an Opinion Party’s failure to comply with those provisions of its Organizational Document requiring
the unanimous written consent of its Directors or Managers, as applicable, to commence a Voluntary Case, as a legal matter, and based upon existing case law, (i) the provisions of each Opinion Party’s Organizational Document requiring the
unanimous written consent of such Opinion Party’s Directors or Managers, as applicable, to commence a Voluntary Case constitute the valid and binding obligation of such Opinion Party or Member of such Opinion Party, as applicable, enforceable
against such Opinion Party or Member in accordance with their terms under the laws of the State of Delaware, and (ii) a bankruptcy court, in determining each Opinion Party’s authority to commence a Voluntary Case, would rule that
compliance with such provisions of such Opinion Party’s Organizational Document is necessary to commence a Voluntary Case. 

Skadden 2017 Security Interest Opinion 
  

	16.	Under the New York UCC, the provisions of the Indenture are effective to create a security interest in each Co-Issuer’s rights in the UCC Collateral in favor of the Trustee
to secure the Obligations (as defined in the Indenture). 

  

	17.	Under the New York UCC, the provisions of the G&C Agreement are effective to create a security interest in each Guarantor’s rights in the UCC Collateral in favor of the Trustee to secure the Obligations (as
defined in the Indenture). 

  

	18.	Under the Delaware UCC, the security interest of the Trustee was perfected in each Delaware Grantor’s rights in that portion of the UCC Collateral in which a security interest can be perfected under the Delaware
UCC by the filing of a financing statement in the Delaware Filing Office upon the later of the attachment of the security interest and the filing of the Delaware Financing Statement identifying such Grantor as debtor in the Delaware Filing Office.

  
 Schedule I-12 

	19.	Under the New York UCC, the provisions of the Base Indenture are effective to perfect the security interest of the Trustee in each Co-Issuer’s rights in the respective
Indenture Trust Account. 

  

	20.	Under the New York UCC, the provisions of the Control Agreement are effective to perfect the security interest of the Trustee in each Grantor’s rights in the respective Collateral Account. 

 

	21.	Under the New York UCC, assuming that neither the Trustee nor any Beneficiary has notice of adverse claims with respect to the Possessory Certificates, then, upon the delivery of such Possessory Certificates to the
Trustee, indorsed by an effective indorsement, either in blank or to the Trustee, the security interest of the Trustee in each Grantor’s rights in the Possessory Certificates pledged by such Grantor was perfected and the Trustee acquired each
Grantor’s rights in the Possessory Certificates pledged by such Grantor free of any adverse claims under Section 8-303 of the New York UCC. As used herein, “notice of adverse claim” has the
meaning set forth in Section 8-105 of the New York UCC and includes, without limitation, any adverse claim that the Trustee or any Beneficiary would discover upon any investigation that such person has a
duty, imposed by statute or regulation, to conduct. 

  

	22.	To the extent that the provisions of the Lanham (Trademark) Act (15 U.S.C. § 1051, et seq.) (the “Lanham Act”) pertaining to the assignment of trademarks preempt the provisions of the applicable UCC
requiring the filing of a financing statement for the perfection of a security interest in trademarks, the recordation of (i) the Supplemental Trademark Security Agreement in the United States Patent and Trademark Office (the “PTO”)
against the U.S. registered trademarks and trademark applications identified by the trademark and trademark application numbers set forth on Schedule 1 to the Supplemental Trademark Security Agreement (the “Supplemental Trademarks”) within
three (3) months after its date perfected the Trustee’s security interest in the IP Holder’s right, title and interest in such Supplemental Trademarks, and (ii) each of the Trademark Security Agreement and the 2015 Trademark
Security Agreement in the PTO against the U.S. registered trademarks and trademark applications identified by the trademark and trademark application numbers set forth on each Schedule 1 thereto, respectively (the “Existing Trademarks”
and, together with the Supplemental Trademarks, the “Trademarks”) within three (3) months after its date perfected the Trustee’s security interest in the IP Holder’s right, title and interest in such Existing Trademarks.

  

	23.	To the extent that the provisions of the United States Patent Act (35 U.S.C. § 1, et seq.) (the “Patent Act”) pertaining to the assignment, grant or conveyance of patents preempt the provisions of the
applicable UCC requiring the filing of a financing statement for the perfection of a security interest in patents, the recordation of each of the Patent Security Agreement and the 2015 Patent Security Agreement in the PTO against the U.S. patents
and patent applications identified by the patent and patent application numbers set forth on each Schedule 1 thereto, respectively (the “Patents”) within three (3) months from its date perfected the Trustee’s security interest in
the IP Holder’s right, title and interest in such Patents. 

  
 Schedule I-13 

 Skadden 2017 Tax Opinion 
  

	24.	The Notes, to the extent treated as issued and outstanding for U.S. federal income tax purposes will be treated as debt for U.S. federal income tax purposes. 

 

	25.	The issuance of the Notes will not affect adversely the U.S. federal income tax characterization of any Series 2015-1 Senior Notes that were (based upon an Opinion of Counsel)
treated as debt at the time of their issuance. 

  

	26.	As of the date hereof, and for so long as the Notes are outstanding, each Non-Corporate U.S. Securitization Entity will be classified as an entity the existence of which is
disregarded, rather than as a corporation, for U.S. federal income tax purposes. For the avoidance of doubt, each Securitization Entity that is organized as a corporation under applicable law will be taxed as a corporation. 

 

	27.	As of the date hereof, and for so long as the Notes are outstanding, none of the Non-Corporate U.S. Securitization Entities will be classified as a publicly traded partnership
taxable as a corporation. 

  

	28.	Although the discussion set forth in the Offering Memorandum under the heading “Certain U.S. Federal Income Tax Considerations” does not purport to discuss all possible U.S. federal income tax considerations
of an investment in the Notes, subject to the agreements, qualifications, assumptions, and Co-Issuers’ determinations referred to therein, such discussion constitutes, in all material respects, a fair and
accurate summary of the U.S. federal income tax considerations of an investment in the Notes under current U.S. federal income tax law. 

Skadden 2017 Back-Up Security Interest Opinion 

 

	29.	We call to your attention that each Contribution Agreement purported to contribute or sell the applicable UCC Collateral, and we do not express any opinion with respect to the proper characterization of the transfer.
However, if in each case the transfer was characterized as a lien, the provisions of each Contribution Agreement were effective under the UCC to create a security interest in each Grantor’s rights in the applicable UCC Collateral in favor of
the related Secured Party in each case to secure a loan in the aggregate value of the Contributed Assets (as such term is defined in the related Contribution Agreement). 

Skadden 2017 Non-Consolidation Opinion 

 

	30.	 If a Parent Company becomes a debtor in a case under the Bankruptcy Code, for the reasons, among others, set
forth below, it is our opinion that, in a properly argued and presented case, regardless of which of the approaches or standards a court follows, a creditor or trustee of such Parent Company (or such Parent Company as debtor in possession) would not
have valid grounds to have a court disregard the limited liability 

  
 Schedule I-14 

	 	
company or corporate form, as applicable, of one or more of the Securitization Entities so as to cause a substantive consolidation of the assets and liabilities of one or more of the
Securitization Entities with the assets and liabilities of such Parent Company in a manner prejudicial to the holders of the Series 2017-1 Notes. 

  
 Schedule I-15 

 Capitalized terms used within this Exhibit I-B shall have the meanings
set forth in the respective opinion letters in which they will be delivered. 
 In-House Counsel
Opinions 
 Domino’s 2017 Franchise Matters Opinion 
  

	1.	Since April 18, 2007, the Franchisor has prepared and maintained Franchise Disclosure Documents (formerly known as Uniform Franchise Offering Circular) as necessary for the offer and sale of Domino’s Pizza
franchises in the United States (the “FDDs”). 

  

	2.	The FDDs complied or comply in all material respects with the Franchise Disclosure Document disclosure requirements of the U. S. Federal Trade Commission and applicable state franchise and business opportunity
laws. 

  

	3.	The Franchisor has registered or filed the FDDs in all franchise registration/filings states in which the Franchisor has offered or sold Domino’s Pizza franchises except for those states in which the Franchisor was
exempt from registration or filing. 

  

	4.	Since April 18, 2007, the Franchisor, as required for its franchise offer and sales activities, had or has had franchise registrations/filings, in effect, or has been exempt from franchise registration/filings,
including exempt filings, at all times in which the Franchisor has offered or sold Domino’s Pizza franchises in franchise registration/filing states. 

  

	5.	Since April 18, 2007, the Franchisor has made all necessary filings, including exemption filings, under state business opportunity laws regulating the offer and sale of Domino’s Pizza franchises.

  

	6.	The forms of Standard Franchise Agreement, Non-Traditional Store Franchise Agreement, Transitional Store Franchise Agreement, Development Agreement, Optimization Agreement and
License Agreement and other form agreements attached as exhibits to the FDDs were the forms of such agreements signed by the franchisees who had received the FDDs to which they were attached (including, as applicable, state-specific riders or
addenda required by state franchise registration authorities), except to the extent they were modified by negotiated changes. These forms comply in all material respects with applicable state and federal laws and regulations. 

 

	7.	Since April 18, 2007, the Franchisor has complied in all material respects with the filing requirements for advertising and other franchisee solicitation materials under applicable state franchise laws and all such
materials have in all material respects complied in substance and form with all standards and conditions prescribed by such applicable laws. 

  

	8.	Since April 18, 2007, the Franchisor, as required for its franchise offer and sales activities, has complied in all material respects with the filing requirements for franchise salespersons, franchise sales agents,
and franchise brokers under applicable state franchise laws. 

  
 Schedule I-16 

	9.	To the knowledge of the undersigned, the Franchisor has not sold any Domino’s Pizza franchises to any franchisees at a time when their FDDs were not then in effect. 

 

	10.	To the knowledge of the undersigned, the Franchisor has not sold any Domino’s Pizza franchises to any franchisees at a time when its required state franchise registrations or business opportunity filings (or
exemptions from registration or filing) referred to in paragraphs 3, 4 and 5 were not then in effect. 

 Domino’s 2017
Litigation/Conflicts Opinion 
  

	1.	To my knowledge, there is no action, proceeding or investigation pending or threatened before any court, administrative agency or other Governmental Authority that (i) challenges the validity or enforceability of,
or seeks to enjoin the performance of, the Related Documents or (ii) would reasonably be expected to have a material adverse effect on the business of the Domino’s Entities taken as a whole. 

 

	2.	To my knowledge, the execution and delivery by each of Holdco and its Subsidiaries which are organized under the laws of a State of the United States (each a “Domestic Company”) of each Related Document to
which it is a party and the performance of its obligations thereunder will not (i) violate any order, writ, injunction, judgment or decree of any United States federal or state court, Governmental Authority or agency applicable to such Domestic
Company or its property or (ii) breach or result in a default or the creation or imposition of any Lien upon any assets of such Domestic Company under the terms of any agreement or instrument which is material to the business of Holdco and its
Subsidiaries, taken as a whole, other than as contemplated by the Related Documents. 

  
 Schedule I-17 

 Schedule I-C 

Capitalized terms used within this Exhibit I-C shall have the meanings set forth in the respective opinion letters in
which they will be delivered. 
 DLA Piper Opinion 

DLA Piper 2017 Opinion regarding Franchise Matters 
  

	1.	No consent, approval, or authorization of or designation, declaration, or filing with any federal or state authority that regulates franchising in the U.S. is required in connection with the 2017 Transaction. However,
see the discussion below regarding the actions that the Franchisor must take after the Closing Date in order to offer and sell Domino’s Pizza franchises in the United States to comply with United States federal and state franchise and business
opportunity laws. 

 Miller, Canfield, Paddock & Stone, P.L.C. Opinions 

Miller Canfield 2017 Corporate Opinion re: Michigan Entities 
  

	1.	National (i) was validly incorporated in the State of Michigan and, based on the National Michigan Good Standing Certificate, is validly in existence, and is in good standing under the laws of the State of
Michigan, and (ii) at the relevant time, had the corporate power and corporate authority to execute and deliver, and to perform its obligations under, the Existing Transaction Documents to which it is a party. 

 

	2.	Each of Domino’s Pizza and Progressive (i) was validly organized as a limited liability company in the State of Michigan and, based on the Domino’s Pizza Michigan Good Standing Certificate (in the case of
Domino’s Pizza) and the Progressive Michigan Good Standing Certificate (in the case of Progressive) and is validly in existence, and is in good standing under the laws of the State of Michigan, (ii) had, at the relevant time, the limited
liability company power and limited liability company authority to execute and deliver, and to perform its obligations under, the Existing Transaction Documents to which it is a party, and (iii) in the case of Domino’s Pizza has the
limited liability company power and limited liability company authority to execute and deliver, and to perform its obligations under, the 2017 Transaction Documents to which it is a party 

 

	3.	 Each of Domino’s Pizza, Progressive and National (i) duly authorized the execution and delivery of each
of the Existing Transaction Documents to which it is a party and (ii) duly executed each of the Existing Transaction Documents to which it is a party. Domino’s Pizza has duly authorized the execution and delivery of each of the 2017
Transaction Documents to which it is a party and has duly executed each of the 2017 Transaction Documents to which it is a party. Assuming (x) that Domino’s Pizza Distribution LLC had the power and authority to execute and deliver, and to
perform its obligation under the Company-Owned Stores Requirements Agreement (as defined on the attached Schedule B), and (y) that the Company-Owned Stores Requirements Agreement was duly authorized, executed and delivered by Domino’s
Pizza Distribution LLC, the Company-Owned 

  
 Schedule I-18 

	 	
Stores Requirements Agreement constitutes the valid and legally binding obligation of each of the parties thereto enforceable in accordance with its terms, subject to bankruptcy, insolvency,
reorganization, moratorium, fraudulent transfer or conveyance and other similar laws of general application affecting the rights and remedies of creditors and secured parties and general principles of equity. 

 

	4.	Neither the execution, delivery or performance by Domino’s Pizza, Progressive or National of the Existing Transaction Documents (including, without limitation, the granting of Liens pursuant to the Existing
Transaction Documents) to which it is a party, nor compliance by Domino’s Pizza, Progressive or National with the terms and provisions thereof, (i) contravened at any relevant time, nor contravenes, any provision of any Michigan statute,
rule or regulation generally applicable to corporations incorporated (or, in the case of Domino’s Pizza and Progressive, applicable to a limited liability company formed) and/or doing business in the State of Michigan, or (ii) violated at
any relevant time, or violates, any provision of the articles of incorporation, articles of organization, by-laws, or operating agreement (if any), of Domino’s Pizza, Progressive or National, as the case
may be. 

  

	5.	Neither the execution, delivery or performance by Domino’s Pizza of the 2017 Transaction Documents (including, without limitation, the granting of Liens pursuant to the 2017 Transaction Documents) to which it is a
party, nor compliance by Domino’s Pizza with the terms and provisions thereof, (i) contravenes any provision of any Michigan statute, rule or regulation generally applicable to a limited liability company formed and/or doing business in
the State of Michigan, or (ii) violates any provision of the articles of organization or operating agreement of Domino’s Pizza. 

  

	6.	Except as may have been, or may be, required in order to perfect, or to otherwise establish the priority of, the Liens created by the Transaction Documents, to our actual knowledge (as to factual matters only), under
Michigan statutory law, no order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by, any governmental or public body or authority, or any subdivision thereof, was or is required to
authorize, or was or is required in connection with, (i) the execution, delivery and performance by Domino’s Pizza, Progressive or National of the Transaction Documents to which Domino’s Pizza, Progressive or National is a party or
(ii) the legality, validity, binding effect or enforceability against Domino’s Pizza, Progressive or National of any of the Transaction Documents to which Domino’s Pizza, Progressive or National is a party. 

 

	7.	 The Domino’s Pizza Financing Statements were, at the relevant time, in proper form for filing under Article
9 of the Uniform Commercial Code as in effect in the State of Michigan on the date thereof. Insofar as Article 9 of the Uniform Commercial Code as in effect in the State of Michigan on the date thereof was applicable (without regard to conflict of
laws principles), upon the filing of such Domino’s Pizza Financing Statements with the Filing Office, the secured party named in the Domino’s Financing Statements obtained a perfected security interest in that portion of the assets of
Domino’s Pizza that are the subject of such Domino’s Pizza Financing Statements and in which a security interest could be perfected by the filing of a financing statement with the Filing Office

  
 Schedule I-19 

	 	
under Article 9 of the Uniform Commercial Code as in effect in the State of Michigan on the date thereof. Insofar as Article 9 of the Uniform Commercial Code as in effect in the State of Michigan
on the date hereof (the “Michigan UCC”) is applicable (without regard to conflict of laws principles), by virtue of the filing of such Domino’s Pizza Financing Statements with the Filing Office, the secured party named in the
Domino’s Pizza Financing Statements has a perfected security interest in that portion of the assets of Domino’s Pizza that are the subject of such Domino’s Pizza Financing Statements and in which a security interest can be perfected
by the filing of a financing statement with the Filing Office under the Michigan UCC (said assets of Domino’s Pizza being the “Domino’s Pizza UCC Collateral”). 

 

	8.	The Progressive Financing Statements were, at the relevant time, in proper form for filing under Article 9 of the Uniform Commercial Code as in effect in the State of Michigan on the date thereof. Insofar as Article 9
of the Uniform Commercial Code as in effect in the State of Michigan on the date thereof was applicable (without regard to conflict of laws principles), upon the filing of such Progressive Financing Statements with the Filing Office, the secured
party named in the Progressive Financing Statements obtained a perfected security interest in that portion of the assets of Progressive that are the subject of such Progressive Financing Statements and in which a security interest could be perfected
by the filing of a financing statement with the Filing Office under Article 9 of the Uniform Commercial Code as in effect in the State of Michigan on the date thereof. Insofar as Article 9 of the Michigan UCC is applicable (without regard to
conflict of laws principles), by virtue of the filing of such Progressive Financing Statements with the Filing Office, the secured party named in the Progressive Financing Statements has a perfected security interest in that portion of the assets of
Progressive that are the subject of such Progressive Financing Statements and in which a security interest can be perfected by the filing of a financing statement with the Filing Office under the Michigan UCC (said assets of Progressive being the
“Progressive UCC Collateral”). 

 Miller Canfield 2017 Security Interest Opinion 

 

	9.	Insofar as Article 9 of the Uniform Commercial Code as in effect in the State of Michigan on the date thereof was applicable (without regard to conflict of laws principles), upon the filing of such Domino’s Pizza
Financing Statements with the Filing Office, the secured party named in the Domino’s Financing Statements obtained a perfected security interest in that portion of the assets of Domino’s Pizza that are the subject of such Domino’s
Pizza Financing Statements and in which a security interest could be perfected by the filing of a financing statement with the Filing Office Article 9 of the Uniform Commercial Code as in effect in the State of Michigan on the date thereof.

  

	10.	 Insofar as Article 9 of the Uniform Commercial Code as in effect in the State of Michigan on the date hereof (the
“Michigan UCC”) is applicable (without regard to conflict of laws principles), by virtue of the filing of such Domino’s Pizza Financing Statements with the Filing Office, the secured party named in the Domino’s Pizza Financing
Statements has a perfected security interest in that portion of the assets of Domino’s Pizza that are the subject of such Domino’s Pizza Financing Statements and in 

  
 Schedule I-20 

	 	
which a security interest can be perfected by the filing of a financing statement with the Filing Office under the Michigan UCC (said assets of Domino’s Pizza being the “Domino’s
Pizza UCC Collateral”). 

  

	11.	Insofar as Article 9 of the Michigan UCC is applicable (without regard to conflicts of laws principles), and given the filing of the Domino’s Pizza Financing Statements with the Filing Office, no action with
respect to (a) the recording, filing, re-recording and re-filing of the Transaction Document and any other requisite documents with the Filing Office, and
(b) the execution and filing with the Filing Office of any financing statement or continuation statement naming Domino’s Pizza as debtor, is currently necessary in the State of Michigan. 

  
 Schedule I-21 

 Schedule I-D 

Capitalized terms used within this Exhibit I-D shall have the meanings set forth in the respective opinion letters in
which they will be delivered. 
 Stikeman Elliot LLP Opinions 

Stikeman Elliot 2017 Opinion 
  

	1.	Except for the registrations set out in Schedule B attached, no registration in any public office provided for under the laws of the Jurisdictions is necessary in the Jurisdictions as of the date hereof to maintain the
perfection of the security interests created by the Guarantor pursuant to the Guarantee and Collateral Agreement. 

  

	2.	The registrations set out in Schedule B attached have been renewed for a perpetual or infinite period. Consequently, except for the registration of additional financing statements or financing change statements required
by reason of a change in the name of (or the adoption of an additional form of name of) the Guarantor, a transfer by the Guarantor of all or any part of the Collateral, the removal of the Collateral from the Jurisdictions, a change in the location
of the Guarantor (as determined under the PPSA’s) or a change in the type of organization of the Guarantor, no registrations pursuant to the PPSA’s of the Jurisdictions are required under such PPSA’s of the Jurisdictions as in effect
on the date hereof, in order to maintain the effectiveness of such registrations until discharged. 

 Stewart McKelvey
Opinions 
 Stewart McKelvey 2017 True Sale Opinion 
  

	1.	Relying solely on the Certificates of Status, each of the Nova Scotia Companies is a subsisting unlimited company under the laws of the Province. 

 

	2.	Each of the Nova Scotia Companies has the corporate power and capacity to execute and deliver the 2017-1 Transaction Documents to which it is a party and to exercise its rights
and perform its obligations under the Transaction Documents to which it is a party. 

  

	3.	Each of the Nova Scotia Companies has taken all necessary corporate action to authorize the execution and delivery of each of the 2017-1 Transaction Documents to which it is a
party, and the exercise of its rights and the performance of its obligations under the Transaction Documents to which it is a party. 

  

	4.	Each of the 2017-1 Transaction Documents to which either of the Nova Scotia Companies is a party has been duly executed and delivered by it. 

 

	5.	 The execution and delivery by each of the Opinion Parties of the 2017-1
Transaction Documents to which it is a party and the exercise of its rights and the performance of its obligations under the Transaction Documents to which it is a party do not violate, result

  
 Schedule I-22 

	 	
in a breach of, or constitute a default under (a) in the case of either of the Nova Scotia Companies, the memorandum of association and articles of such of the Nova Scotia Companies or
(b) any statute or regulation of the Province or any federal statute or regulation of Canada applicable therein which is applicable to the Opinion Parties, or the Collateral. 

 

	6.	The execution and delivery by each of the Opinion Parties of the 2017-1 Transaction Documents and the performance of its obligations under the Transaction Documents do not:

  

	 	a.	require any recording, filing or registration with, consent, authorization or approval of, or notice or other action to, with or by, any governmental authority in the Province other than such registrations, if any, as
may be necessary to perfect security interests created thereby under the PPSA, as described in paragraph 7 below; or 

  

	 	b.	violate, result in a breach of, or constitute a default under any statute or regulation of the Province or any federal statute or regulation of Canada applicable therein which is applicable to such of the Opinion
Parties or the Collateral. 

  

	7.	Under the laws of the Province, no recording, filing or registration is necessary in order to create, preserve, perfect and protect the security interest in the Collateral in favour of Distribution ULC or the Trustee,
as applicable, other than the registration of financing statements under the PPSA, which registrations have been made, the details of which are set out in the Schedule B. Except as provided in Schedule B, no renewal or amendment of such
registrations is required under the laws of Province. 

  

	8.	No transaction contemplated by the Transaction Documents requires compliance with any bulk sales legislation in the Province. 

  

	9.	Each of the Security Documents continues to create in favour of the Trustee a valid security interest in all right, title and interest of the applicable Opinion Party in, to and under the Collateral in which such
Opinion Party has granted a security interest pursuant to the applicable Security Document if and to the extent that the laws of the Province apply thereto, with no further formality being required under such laws. 

 

	10.	 In the event that any of the Transaction Documents is sought to be enforced in any action or proceeding in the
Province in accordance with the stated choice of law, namely the laws of the State of Delaware or the State of New York (the “Chosen Law”), the courts of the Province (i) would recognize the choice of law if it was not
made with a view to avoiding the consequences of the laws of any other jurisdiction and that choice is not otherwise contrary to public policy, as such term is understood under the laws of the Province, and (ii) would, subject to clause
(i) above, apply the applicable Chosen Law upon appropriate evidence as to such laws being adduced, provided that none of the provisions of a Transaction Document or of the applicable Chosen Law are contrary to public policy, as such term is
understood under the laws of the Province. A court in the Province has, however, an inherent power to decline to hear such action or proceeding if 

  
 Schedule I-23 

	 	
it is contrary to public policy, as such term is understood under the laws of the Province for such court to do so, or if that court is not the proper forum to hear such action or proceeding, or
if concurrent proceedings are being brought elsewhere. 

  

	11.	The laws of the Province permit an action to be brought in a court in the Province on any final and conclusive judgment in personam under the internal laws of the State of Delaware or the State of New York (the
“Foreign Court”) which is not impeachable as void or voidable under the internal laws applied by such Foreign Court, for a sum certain if: 

 

	 	a.	that judgment was not obtained by fraud or in a manner contrary to “natural justice” and the enforcement of that judgment would not be contrary to “public policy” as such terms are applied by the
courts of the Province; 

  

	 	b.	the Foreign Court did not act either: 

  

	 	(i)	without jurisdiction under the conflict of laws rules of the laws of the Province; or 

  

	 	(ii)	without authority, under the laws in force in the jurisdiction of such Foreign Court, to adjudicate concerning the cause of action or subject matter that resulted in the judgment or concerning the person of that
judgment debtor; 

  

	 	c.	the judgment debtor was duly served with the process of the Foreign Court or appeared to defend such process, and, for the purposes of service of process, it is not sufficient that the judgment debtor had agreed to
submit to the jurisdiction of the Foreign Court; 

  

	 	d.	the judgment is not contrary to the final and conclusive judgment of another jurisdiction; 

  

	 	e.	the enforcement of that judgment does not constitute, directly or indirectly, the enforcement of foreign revenue or penal laws; 

  

	 	f.	the enforcement of the judgment would not be contrary to any order made by the Attorney-General of Canada under the Foreign Extraterritorial Measures Act (Canada) or the Competition Tribunal under the
Competition Act (Canada) in respect of certain judgments, laws, and directives having effects on competition in Canada; and 

  

	 	g.	the action to enforce that judgment is taken within six years of the date of that foreign judgment as stipulated in the Limitations of Actions Act (Nova Scotia). 

 

	12.	 Attached hereto as Schedule C is a report showing the results of the searches conducted in the public offices and
registries in the Province under the statutes specified therein against the current names of the Opinion Parties listed in such Schedule and current as of the respective currency dates indicated therein (which we note may not be the date of this

  
 Schedule I-24 

	 	
opinion). Such statutes are the only statutes of the Province and the only federal statutes of Canada applicable therein, where transfers of, or security interests in, assets similar in nature to
the Collateral would ordinarily or customarily be the subject of a filing, registration or recording in order to create, preserve, perfect and protect such transfers or security interests. The only filings, registrations or recordings against such
names of the Opinion Parties disclosed by such searches are set out in Schedule C. 

 Stewart McKelvey 2017 Substantive
Consolidation Opinion 
  

	13.	A Local Bankruptcy Court would not order or approve the substantive consolidation of the assets and liabilities of the Transferee with the assets and liabilities of any of the Relevant Entities. 

Thompson Dorman Sweatman LLP Opinions 

Thompson Dorman Sweatman 2017 Confirmation Opinion 
  

	1.	Registration of the security interest created by the Guarantee has been made, as of the Initial Closing Date, in all public offices provided for under the laws of the Province of Manitoba or the federal laws of Canada
applicable therein where such registration is necessary to preserve, protect or perfect the security interests created by the Guarantee and such registrations continue to be in effect. 

 

	2.	No further or subsequent recording, filing, indexing, entering or registering of the Guarantee will be necessary in the Province of Manitoba in order to continue the validity or perfection of the security interest
created under the Guarantee in the personal property to which the PPSA applies in which DPCD now has rights and in which DPCD hereafter acquires rights when these rights are acquired by DPCD until April 30, 2017. 

Loyens Loeff Opinions 
 Loyens 2017
Reliance Letter 
  

	1.	We confirm that you may rely on the Opinion Letter, subject to the assumptions and qualifications set out therein, as if it were addressed to you. The Opinion Letter may not be relied upon by or transmitted to any
person other than as permitted by the Opinion Letter, without our prior written consent. 

 Loyens 2012 Opinion 

 

	 	a.	The Company has been duly incorporated and is validly existing as a besloten vennootschap met beperkte aansprakelijkheid (private company with limited liability) under Dutch law. 

 

	 	b.	The Partnership has been formed and is existing as a commanditaire vennootschap (limited partnership) under Dutch law. 

  
 Schedule I-25 

	 	c.	The Company has the corporate power to execute and deliver the Opinion Documents (to the extent it is a party thereto) and to perform its obligations thereunder. 

 

	 	d.	The Partnership, acting through Domino’s GP, has the power to execute and deliver the Opinion Documents to which it is a party and to perform its obligations thereunder. 

 

	 	e.	The Opinion Documents have been duly authorised by all requisite corporate action on the part of, and have been duly executed and delivered by, the Company (to the extent it is a party thereto). 

 

	 	f.	Provided that the Opinion Documents have been duly authorised by all requisite corporate action on the part of, and have been duly executed and delivered by Domino’s GP on behalf of the Partnership, the Opinion
Documents have been duly executed and delivered by the Partnership. 

  

	 	g.	The choice of the laws of the State of New York, United States of America, as the law governing the contractual rights and obligations contained in the Contribution Agreements is valid and binding under Dutch law.

  

	 	h.	The choice of the laws of the State of Delaware, United States of America, as the law governing the contractual rights and obligations contained in the Distribution Agreements is valid and binding under Dutch law.

  

	 	i.	The contractual rights and obligations under the Opinion Documents constitute the legal, valid and binding obligations of the Company and the Partnership (to the extent it is a party thereto), enforceable against the
Company and the Partnership (to the extent it is a party thereto) in accordance with their terms. 

  

	 	j.	In case of any Dutch insolvency proceedings in the Netherlands with respect to the Company, the Partnership’s assets and liabilities should not be consolidated with those of the Company for purposes of such
proceedings. 

  

	 	k.	In case of any Dutch insolvency proceedings in the Netherlands with respect to the Company, each of Domino’s GP and Domino’s LP should be treated as separate entities from the Company and the respective assets
and liabilities of each of Domino’s GP’s and Domino’s LP’s assets and liabilities should not be consolidated with those of the Company for purposes of such proceedings. 

 

	 	l.	The execution and delivery by the Partnership, acting through Domino’s GP, of the Opinion Documents and the Company (to the extent it is a party thereto) of the Opinion Documents and the performance by the
Partnership, acting through Domino’s GP, and the Company (to the extent it is a party thereto) of their respective obligations thereunder do not conflict with or result in a violation of the Articles or the Partnership Agreement (as the case
may be) or the provisions of any published law, rule or regulation of general application of the Netherlands. 

  
 Schedule I-26 

	 	m.	No approval, authorisation or other action by, or filing with, any Dutch governmental, regulatory or supervisory authority or body, is required in connection with the execution by the Partnership, acting through
Domino’s GP, and the Company (to the extent it is a party thereto) of the Opinion Documents and the performance by the Company (to the extent it is a party thereto) and the Partnership, acting through Domino’s GP, of their respective
obligations thereunder, except that there may be reporting requirements to the Dutch Central Bank (De Nederlandsche Bank N.V.) on (inter alia) cross border payments pursuant to the Regulation of 4 February 2003 under the Act on Financial
Foreign Relations 1994 (Wet financiele betrekkingen buitenland 1994). Failure to observe the filing, disclosure or notification requirements mentioned above, does not affect the legality, validity or enforceability of the obligations of the Company
or the Partnership under the Opinion Documents. 

  

	 	n.	The Company and the Partnership are not entitled to any immunity from any legal proceedings in the Netherlands to enforce the Opinion Documents or any liability or obligation of the Company or the Partnership arising
thereunder. 

  

	 	o.	The consent to the jurisdiction of the state courts of the State of New York, United States of America as provided for in the Contribution Agreements is valid and binding upon the Company and the Partnership under Dutch
law, insofar as such laws are applicable, provided, however, that such consent does not preclude bringing claims for provisional measures before the provisional measures judge (voorzieningenrechter) of a competent court in the Netherlands.

  

	 	p.	The consent to the jurisdiction of the state courts of the State of Delaware, United States of America as provided for in the Distribution Agreements is valid and binding upon the Company and the Partnership under Dutch
law, insofar as such laws are applicable, provided, however, that such consent does not preclude bringing claims for provisional measures before the provisional measures judge (voorzieningenrechter) of a competent court in the Netherlands.

  

	 	q.	In the absence of an applicable treaty between the State of New York, United States of America and the Netherlands, a judgment rendered by a court of the State of New York, United States of America will not be enforced
by the courts in the Netherlands. In order to obtain a judgment which is enforceable in the Netherlands the claim must be relitigated before a competent Dutch court. A judgment rendered by a court of the State of New York, United States of America
pursuant to the Contribution Agreements will, under current practice, be recognised by a Dutch court (i) if that judgment results from proceedings compatible with Dutch concepts of due process, (ii) if that judgment does not contravene
public policy (ordre public) of the Netherlands and (iii) the jurisdiction of the court of the State of New York, United States of America has been based on an internationally acceptable ground. 

 

	 	r.	 In the absence of an applicable treaty between the State of Delaware, United States of America and the
Netherlands, a judgment rendered by a court of the 

  
 Schedule I-27 

	 	
State of Delaware, United States of America will not be enforced by the courts in the Netherlands. In order to obtain a judgment which is enforceable in the Netherlands the claim must be
relitigated before a competent Dutch court. A judgment rendered by a court of the State of Delaware, United States of America pursuant to the Distribution Agreements will, under current practice, be recognised by a Dutch court (i) if that
judgment results from proceedings compatible with Dutch concepts of due process, (ii) if that judgment does not contravene public policy (ordre public) of the Netherlands and (iii) the jurisdiction of the court of the State of Delaware,
United States of America has been based on an internationally acceptable ground. 

  
 Schedule I-28 

 Schedule I-E 

Capitalized terms used within this Exhibit 2-E shall have the meanings set forth in the respective opinion letters in
which they will be delivered. 
 Dentons US LLP Opinions 

Dentons 2017 Opinion 
  

	1.	Citibank is, based upon a certificate of corporate existence issued by the Comptroller of the Currency, validly existing as a national banking association in good standing under the laws of the United States and has the
requisite entity power and authority to execute and deliver each Agreement to which it is a party and to perform its obligations thereunder. 

  

	2.	Each of the Agreements has been duly authorized by all requisite action, executed and delivered by the Trustee. 

  

	3.	Each of the Agreements, assuming (unless opined to herein) the necessary entity power and authority, authorization, execution, authentication, payment and delivery of and by each party thereto, is a valid and legally
binding agreement under the laws of the State of New York, enforceable thereunder in accordance with its terms against the Trustee. 

  

	4.	With respect to the Trustee, the performance of its obligations under each of the Agreements and the consummation of the transactions contemplated thereby will not result in any breach or violation of its articles of
association or bylaws. 

  

	5.	With respect to the Trustee, to our knowledge, there is no legal action, suit, proceeding or investigation before any court, agency or other governmental body pending or threatened (by written communication to it of a
present intention to initiate such action, suit, proceeding or investigation) against it which, either in one instance or in the aggregate, draws into question the validity of, seeks to prevent the consummation of any of the transactions
contemplated by or would impair materially its ability to perform its obligations under the Agreements. 

  

	6.	With respect to the Trustee, the performance of its obligations under each of the Agreements to which it is a party and the consummation of the transactions contemplated thereby do not require any consent, approval,
authorization or order of, filing with or notice to any United States federal or State of New York court, agency or other governmental body under any United States federal or State of New York statute or regulation that is normally applicable to
transactions of the type contemplated by the Agreements, except such as may be required under the securities laws of any State of the United States or such as have been obtained, effected or given. 

 

	7.	With respect to the Trustee, the performance of its obligations under each of the Agreements and the consummation of the transactions contemplated thereby will not result in any breach or violation by the Trustee of any
United States federal or State of New York statute or regulation that is normally applicable to transactions of the type contemplated by the Agreements. 

  

	8.	The Notes have been duly authenticated and delivered by the Trustee in accordance with the Indenture. 

  
 Schedule I-29 

 Andrascik & Tita LLC Opinion 

Andrascik & Tita 2017 Opinion 
  

	1.	The Servicing Agreement constitutes a legal, valid and binding agreement of the Servicer enforceable in accordance with its terms against the Servicer subject to (i) applicable bankruptcy, insolvency, fraudulent
conveyance, receivership, conservatorship, reorganization, liquidation, moratorium, readjustment of debt or other similar laws affecting the enforcement of creditors’ rights generally, as such laws would apply in the event of the insolvency,
receivership, conservatorship, liquidation or reorganization of, or other similar occurrence with respect to the Servicer, or in the event of any moratorium or similar occurrence affecting the Servicer and (ii) general principles of equity,
including, without limitation, principles of commercial reasonableness, good faith and fair dealing (regardless of whether enforcement is sought in a proceeding at law or in equity), and except that the enforcement of rights with respect to
indemnification, limitations and releases of liability and covenants not to sue, and contribution obligations and provisions (a) purporting to waive or limit rights to trial by jury, oral amendments to written agreements or rights of set off,
(b) relating to submission to jurisdiction, venue or service of process, or (c) relating to severability clauses, may be limited by applicable law or considerations of public policy. 

In-House Counsel of Servicer Opinions 

Midlands 2017 Opinion 
  

	1.	PNC Bank is a national banking association duly organized, validly existing and in good standing under the laws of the United States of America, with full power and authority under such laws to enter into and perform
its obligations under the Servicing Agreement. 

  

	2.	The Servicing Agreement has been duly authorized, executed and delivered by PNC Bank. 

  

	3.	No consent, approval, authorization or order of any federal court, governmental agency or body is or was required in connection with the execution, delivery and performance by PNC Bank of the Servicing Agreement, except
for those consents, approvals, authorizations or orders that previously have been obtained. 

  

	4.	PNC Bank’s execution, delivery and fulfillment of the terms of the Servicing Agreement do not (a) conflict with or result in a violation of the Articles of Association or
By-Laws of PNC Bank or (b) violate applicable provisions of federal statutory laws or regulations known by me to be applicable to PNC Bank and to transactions of the type contemplated by the Servicing
Agreement, the violation of which would have a material adverse effect on the ability of PNC Bank to perform its obligations under the Servicing Agreement. 

  
 Schedule I-30 

	5.	PNC Bank’s execution, delivery and fulfillment of the terms of the Servicing Agreement do not result in a breach or violation of, or constitute a default or an event which, with the passing of time, the giving of
notice or both, would constitute a default under, or result in a right of acceleration of its obligations under, the terms of any indenture or other agreement or instrument known to me to which PNC Bank is a party or by which it is bound or any
order, judgment or decree of any federal or state court, administrative agency or governmental instrumentality known by me to be applicable to PNC Bank, the breach, violation, default or acceleration of which would have a material adverse effect on
the ability of PNC Bank to perform its obligations under the Servicing Agreement. 

  

	6.	To my knowledge, there are no actions, suits or proceedings against PNC Bank, pending before any federal or state court, governmental agency or arbitrator or overtly threatened in writing against PNC Bank which
challenge the enforceability or validity of the Servicing Agreement or any action taken or to be taken in connection with PNC Bank’s obligations contemplated therein or which, either individually or in the aggregate, is reasonably likely to
materially impair PNC Bank’s ability to perform under the terms of the Servicing Agreement. 

 In-House Counsel to Back-Up Manager Opinions 
 FTI 2017 Opinion

  

	1.	The Company has been duly incorporated and is validly existing as a corporation under the laws of the State of Maryland; and 

  

	2.	The addresses of this opinion shall be entitled to rely on the opinion issued by FTI on March 15, 2012. 

FTI 2012 Opinion 
  

	 	a.	The Company has been duly incorporated and is validly existing as a corporation under the laws of the State of Maryland. 

  

	 	b.	The Company has the requisite corporate power and authority to execute and deliver the Agreement and to perform its obligations thereunder. 

 

	 	c.	The execution and delivery of the Agreement by the Company, and the performance by the Company of its obligations thereunder, have been authorized by all requisite corporate action of the Company, and upon due execution
and delivery by the Company and all other parties thereto, will constitute a legal, valid and binding agreement of the Company, enforceable against the Company in accordance with its terms. 

 

	 	d.	 Neither the execution and delivery of the Agreement by the Company nor the performance of the services
contemplated thereby and compliance with the terms and conditions thereof by the Company will conflict with, result in a breach or violation of, or constitute a default under, (a) the Articles of Incorporation, as restated, amended and
supplemented, and By-Laws, as restated and amended, by 

  
 Schedule I-31 

	 	
the Company or (b) any applicable statute, rule or regulation to which the Company is subject that would have a material adverse effect on (i) the ability of the Company to perform its
obligations under the Agreement or (ii) the business, operations, assets, liabilities or financial condition of the Company and its subsidiaries as a whole. 

  
 Schedule I-32 

 SCHEDULE IV TO CLASS A-1 

NOTE PURCHASE AGREEMENT 

Letters of Credit 
  

									
	 LOC
	  	Beneficiary	  	Amount	 	  	Maturity Date
				
	 SB19941
	  	ACE American
 Insurance Company
	  	 	31,971,618	 	  	10/21/2017
				
	 SB19942
	  	Arrowood Indemnity
 Company
	  	 	674,000	 	  	10/21/2017
				
	 SB19943
	  	Old Republic
 Insurance Company
	  	 	11,628,331	 	  	10/21/2017
				
	 SB50062
	  	SCHIPHOL REAL
 ESTATE B.V.
	  	 	60,000	 	  	06/22/2017

  
 Schedule IV-1 

 EXHIBIT A-1 TO CLASS
A-1 
 NOTE PURCHASE AGREEMENT 

ADVANCE REQUEST 

DOMINO’S PIZZA MASTER ISSUER LLC 

DOMINO’S SPV CANADIAN HOLDING COMPANY INC. 

DOMINO’S PIZZA DISTRIBUTION LLC and 

DOMINO’S IP HOLDER LLC 

SERIES 2017-1 VARIABLE FUNDING SENIOR NOTES, CLASS A-1 

TO: 
 Coöperatieve Rabobank U.A., New York
Branch, as Administrative Agent 
 Ladies and Gentlemen: 

This Advance Request is delivered to you pursuant to Section 2.03 of that certain Series 2017-1 Class A-1 Note Purchase Agreement, dated as of June 12, 2017 (as amended, supplemented, amended and restated or otherwise modified from time to time, the “Series 2017-1
Class A-1 Note Purchase Agreement”), by and among Domino’s Pizza Master Issuer LLC, Domino’s SPV Canadian Holding Company Inc., Domino’s Pizza Distribution, LLC and
Domino’s IP Holder LLC, as Co-Issuers, Domino’s Pizza Franchising LLC, Domino’s Pizza International Franchising Inc., Domino’s Pizza Canadian Distribution ULC, Domino’s Re LLC,
Domino’s EQ LLC And Domino’s SPV Guarantor LLC, as Guarantors, Domino’s Pizza LLC, as Manager, the Conduit Investors, Committed Note Purchasers and Funding Agents named therein, the L/C Provider and Swingline Lender named therein, and
Coöperatieve Rabobank U.A., New York Branch, as Administrative Agent (in such capacity, the “Administrative Agent”). 

Unless otherwise defined herein or as the context otherwise requires, terms used herein have the meaning assigned thereto under or as provided
in the Recitals and Section 1.01 of the Series 2017-1 Class A-1 Note Purchase Agreement. 

The undersigned hereby requests that Advances be made in the aggregate principal amount of $        
on             , 20    . 
 [IF THE CO-ISSUERS IS ELECTING EURODOLLAR RATE FOR THESE ADVANCES ON THE DATE MADE IN ACCORDANCE WITH SECTION 3.01(b) OF THE CLASS A-1 NOTE PURCHASE AGREEMENT, ADD THE FOLLOWING
SENTENCE: The undersigned hereby elects that the Advances that are not funded at the CP Rate by an Eligible Conduit Investor shall be Eurodollar Advances and the related Eurodollar Interest Period shall commence on the date of such Eurodollar
Advances and end on but excluding the date [one month subsequent to such date] [two months subsequent to such date] [three months subsequent to such date] [six months subsequent to such date] [or such other time period subsequent to such date not to
exceed six months as agreed upon by the Master Issuer and Administrative Agent.] 

  
 A-1 

 The undersigned hereby acknowledges that the delivery of this Advance Request and the acceptance
by the undersigned of the proceeds of the Advances requested hereby constitute a representation and warranty by the undersigned that, on the date of such Advances, and before and after giving effect thereto and to the application of the proceeds
therefrom, all conditions set forth in Section 7.03 of the Series 2017-1 Class A-1 Note Purchase Agreement have been satisfied and all statements set forth in
Section 6.01 of the Series 2017-1 Class A-1 Note Purchase Agreement are true and correct. 

The undersigned agrees that if prior to the time of the Advances requested hereby any matter certified to herein by it will not be true and
correct at such time as if then made, it will immediately so notify both you and each Investor. Except to the extent, if any, that prior to the time of the Advances requested hereby you and each Investor shall receive written notice to the contrary
from the undersigned, each matter certified to herein shall be deemed once again to be certified as true and correct at the date of such Advances as if then made. 

Please wire transfer the proceeds of the Advances, first, $[        ] to the Swingline Lender
and $[        ] to the L/C Provider for application to repayment of outstanding Swingline Loans and Unreimbursed L/C Drawings, as applicable, and, second, pursuant to the following instructions: 

[insert payment instructions] 

  
 A-2 

 The undersigned has caused this Advance Request to be executed and delivered, and the
certification and warranties contained herein to be made, by its duly Authorized Officer this      day of             , 20    . 

 

			
	 DOMINO’S PIZZA LLC,

as Manager on behalf of the Co-Issuers

		
	By:	 	  

		 	Name:
		 	Title:

  
 A-3 

 EXHIBIT A-2 TO CLASS
A-1 
 NOTE PURCHASE AGREEMENT 

SWINGLINE LOAN REQUEST 

DOMINO’S PIZZA MASTER ISSUER LLC, 

DOMINO’S SPV CANADIAN HOLDING COMPANY INC., 

DOMINO’S PIZZA DISTRIBUTION LLC, AND 

DOMINO’S IP HOLDER LLC  

SERIES 2017-1 VARIABLE FUNDING SENIOR NOTES, CLASS A-1 

TO: 
 Coöperatieve Rabobank U.A., New York
Branch, as Swingline Lender 
 Ladies and Gentlemen: 

This Swingline Loan Request is delivered to you pursuant to Section 2.06 of that certain Series 2017-1 Class A-1 Note Purchase Agreement, dated as of June 12, 2017 (as amended, supplemented, amended and restated or otherwise modified from time to time, the “Series 2017-1
Class A-1 Note Purchase Agreement”), by and among Domino’s Pizza Master Issuer LLC, Domino’s SPV Canadian Holding Company Inc., Domino’s Pizza
Distribution, LLC and Domino’s IP Holder LLC, as Co-Issuers, Domino’s Pizza Franchising LLC, Domino’s Pizza International Franchising Inc., Domino’s Pizza Canadian Distribution ULC,
Domino’s Re LLC, Domino’s EQ LLC And Domino’s SPV Guarantor LLC, as Guarantors, Domino’s Pizza LLC, as Manager, the Conduit Investors, Committed Note Purchasers and Funding Agents named therein, the L/C Provider and Swingline
Lender named therein, and Coöperatieve Rabobank U.A., New York Branch, as Administrative Agent (in such capacity, the “Administrative Agent”). 

Unless otherwise defined herein or as the context otherwise requires, terms used herein have the meaning assigned thereto under or as provided
in the Recitals and Section 1.01 of the Series 2017-1 Class A-1 Note Purchase Agreement. 

The undersigned hereby requests that Swingline Loans be made in the aggregate principal amount of
$         on             , 20    . 

The undersigned hereby acknowledges that the delivery of this Swingline Loan Request and the acceptance by the undersigned of the proceeds of
the Swingline Loans requested hereby constitute a representation and warranty by the undersigned that, on the date of such Advances, and before and after giving effect thereto and to the application of the proceeds therefrom, all conditions set
forth in Section 7.03 of the Series 2017-1 Class A-1 Note Purchase Agreement have been satisfied and all statements set forth in Section 6.01 of the
Series 2017-1 Class A-1 Note Purchase Agreement are true and correct. 

  
 A-1-1 

 The undersigned agrees that if prior to the time of the Swingline Loans requested hereby any
matter certified to herein by it will not be true and correct at such time as if then made, it will immediately so notify you. Except to the extent, if any, that prior to the time of the Swingline Loans requested hereby you shall receive written
notice to the contrary from the undersigned, each matter certified to herein shall be deemed once again to be certified as true and correct at the date of such Swingline Loans as if then made. 

Please wire transfer the proceeds of the Swingline Loans pursuant to the following instructions: 

[insert payment instructions] 

  
 A-1-2 

 The undersigned has caused this Swingline Loan Request to be executed and delivered, and the
certification and warranties contained herein to be made, by its duly Authorized Officer this      day of             , 20    . 

 

			
	 DOMINO’S PIZZA LLC,

as Manager on behalf of the Co-Issuers

		
	By:	 	  

		 	Name:
		 	Title:

  
 A-2-1 

 EXHIBIT B TO CLASS A-1 

NOTE PURCHASE AGREEMENT 

ASSIGNMENT AND ASSUMPTION AGREEMENT, dated as of
[                    ], by and among
[                    ] (the “Transferor”), each purchaser listed as an Acquiring Committed Note Purchaser on the signature pages
hereof (each, an “Acquiring Committed Note Purchaser”), the Funding Agent with respect to such Acquiring Committed Note Purchaser listed on the signature pages hereof (each, a “Funding Agent”), and the Co-Issuers, Swingline Lender and L/C Provider listed on the signature pages hereof. 
 W I
T N E S S E T H: 
 WHEREAS, this Assignment and Assumption Agreement is
being executed and delivered in accordance with Section 9.17(a) of the Series 2017-1 Class A-1 Note Purchase Agreement, dated as of June 12, 2017 (as from time to time
amended, supplemented or otherwise modified in accordance with the terms thereof, the “Series 2017-1 Class A-1 Note Purchase Agreement”; terms used but not
otherwise defined herein having the meanings ascribed to such terms therein), by and among the Co-Issuers, the Guarantors, the Manager, the Conduit Investors, Committed Note Purchasers and Funding Agents named
therein, the L/C Provider and Swingline Lender named therein, Domino’s Pizza LLC, as Manager, and Coöperatieve Rabobank U.A., New York Branch, as Administrative Agent (in such capacity, the “Administrative Agent”); 

WHEREAS, each Acquiring Committed Note Purchaser (if it is not already an existing Committed Note Purchaser) wishes to become a Committed Note
Purchaser party to the Series 2017-1 Class A-1 Note Purchase Agreement; and 
 WHEREAS, the
Transferor is selling and assigning to each Acquiring Committed Note Purchaser, [all] [a portion of] its rights, obligations and commitments under the Series 2017-1 Class A-1 Note Purchase Agreement, the
Series 2017-1 Class A-1 Advance Notes and each other Related Document to which it is a party with respect to the percentage of its Commitment Amount specified on Schedule I attached hereto; 

NOW, THEREFORE, the parties hereto hereby agree as follows: 

Upon the execution and delivery of this Assignment and Assumption Agreement by each Acquiring Committed Note Purchaser, each related Funding
Agent, the Transferor, the Swingline Lender, the L/C Provider and, to the extent required by Section 9.17(a) of the Series 2017-1 Class A-1 Note Purchase Agreement, the Co-Issuers (the date of such execution and delivery, the “Transfer Issuance Date”), each Acquiring Committed Note Purchaser shall be a Committed Note Purchaser party to the Series 2017-1 Class A-1 Note Purchase Agreement for all purposes thereof. 
 The Transferor acknowledges receipt
from each Acquiring Committed Note Purchaser of an amount equal to the purchase price, as agreed between the Transferor and such Acquiring Committed Note Purchaser (the “Purchase Price”), of the portion being purchased by such
Acquiring Committed Note Purchaser (such Acquiring Committed Note Purchaser’s “Purchased Percentage”) of (i) the Transferor’s Commitment under the Series 2017-1 Class A-1

  
 B-1 

 
Note Purchase Agreement and (ii) the Transferor’s Committed Note Purchaser Percentage of the related Investor Group Principal Amount. The Transferor hereby irrevocably sells, assigns
and transfers to each Acquiring Committed Note Purchaser, without recourse, representation or warranty, and each Acquiring Committed Note Purchaser hereby irrevocably purchases, takes and assumes from the Transferor, such Acquiring Committed Note
Purchaser’s Purchased Percentage of (x) the Transferor’s Commitment under the Series 2017-1 Class A-1 Note Purchase Agreement and (y) the Transferor’s Committed Note
Purchaser Percentage of the related Investor Group Principal Amount. 
 The Transferor has made arrangements with each Acquiring Committed
Note Purchaser with respect to (i) the portion, if any, to be paid, and the date or dates for payment, by the Transferor to such Acquiring Committed Note Purchaser of any program fees, undrawn facility fee, structuring and commitment fees or
other fees (collectively, the “Fees”) [heretofore received] by the Transferor pursuant to Section 3.02 of the Series 2017-1 Class A-1 Note Purchase Agreement
prior to the Transfer Issuance Date [and (ii) the portion, if any, to be paid, and the date or dates for payment, by such Acquiring Committed Note Purchaser to the Transferor of Fees or
[            ] received by such Acquiring Committed Note Purchaser pursuant to the Series 2017-1 Supplement from and after the Transfer Issuance Date]. 

From and after the Transfer Issuance Date, amounts that would otherwise be payable to or for the account of the Transferor pursuant to the
Series 2017-1 Supplement or the Series 2017-1 Class A-1 Note Purchase Agreement shall, instead, be payable to or for the account of the Transferor and the Acquiring Committed Note Purchasers, as the case
may be, in accordance with their respective interests as reflected in this Assignment and Assumption Agreement, whether such amounts have accrued prior to the Transfer Issuance Date or accrue subsequent to the Transfer Issuance Date. 

Each of the parties to this Assignment and Assumption Agreement agrees that, at any time and from time to time upon the written request of any
other party, it will execute and deliver such further documents and do such further acts and things as such other party may reasonably request in order to effect the purposes of this Assignment and Assumption Agreement. 

By executing and delivering this Assignment and Assumption Agreement, the Transferor and each Acquiring Committed Note Purchaser confirm to
and agree with each other and the other parties to the Series 2017-1 Class A-1 Note Purchase Agreement as follows: (i) other than the representation and warranty that it is the legal and beneficial
owner of the interest being assigned hereby free and clear of any adverse claim, the Transferor makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection
with the Series 2017-1 Supplement, the Series 2017-1 Class A-1 Note Purchase Agreement or the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Indenture, the Series
2017-1 Class A-1 Notes, the Related Documents or any instrument or document furnished pursuant thereto; (ii) the Transferor makes no representation or warranty and assumes no responsibility with
respect to the financial condition of the Co-Issuers or the performance or observance by the Co-Issuers of any of the
Co-Issuers’ obligations under the Indenture, the Series 2017-1 Class A-1 Note Purchase Agreement, the Related Documents or any other instrument or document
furnished pursuant hereto; (iii) each 

  
 B-2 

 
Acquiring Committed Note Purchaser confirms that it has received a copy of the Indenture, the Series 2017-1 Class A-1 Note Purchase Agreement and such
other Related Documents and other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption Agreement; (iv) each Acquiring Committed Note Purchaser will,
independently and without reliance upon the Administrative Agent, the Transferor, the Funding Agent or any other Investor Group and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit
decisions in taking or not taking action under the Series 2017-1 Class A-1 Note Purchase Agreement; (v) each Acquiring Committed Note Purchaser appoints and authorizes the Administrative Agent to
take such action as agent on its behalf and to exercise such powers under the Series 2017-1 Class A-1 Note Purchase Agreement as are delegated to the Administrative Agent by the terms thereof, together
with such powers as are reasonably incidental thereto, all in accordance with Article V of the Series 2017-1 Class A-1 Note Purchase Agreement; (vi) each Acquiring Committed Note Purchaser
appoints and authorizes its related Funding Agent to take such action as agent on its behalf and to exercise such powers under the Series 2017-1 Class A-1 Note Purchase Agreement as are delegated to such
Funding Agent by the terms thereof, together with such powers as are reasonably incidental thereto, all in accordance with Article V of the Series 2017-1 Class A-1 Note Purchase Agreement;
(vii) each Acquiring Committed Note Purchaser agrees that it will perform in accordance with their terms all of the obligations that by the terms of the Series 2017-1 Class A-1 Note Purchase
Agreement are required to be performed by it as a Committed Note Purchaser; and (viii) each Acquiring Committed Note Purchaser hereby represents and warrants to the Co-Issuers and the Manager that:
(A) it has had an opportunity to discuss the Co-Issuers’ and the Manager’s business, management and financial affairs, and the terms and conditions of the proposed purchase, with the Co-Issuers and the Manager and their respective representatives; (B) it is a “qualified institutional buyer” within the meaning of Rule 144A under the Securities Act and otherwise meets the criteria
in Section 6.03(b) of the Series 2017-1 Class A-1 Note Purchase Agreement and has sufficient knowledge and experience in financial and business matters to be capable of
evaluating the merits and risks of investing in, and is able and prepared to bear the economic risk of investing in, the Series 2017-1 Class A-1 Notes; (C) it is purchasing the Series 2017-1 Class A-1 Notes for its own account, or for the account of one or more “qualified institutional buyers” within the meaning of Rule 144A under the Securities Act that meet the criteria described in
clause (viii)(B) above and for which it is acting with complete investment discretion, for investment purposes only and not with a view to distribution, subject, nevertheless, to the understanding that the disposition of its property shall at
all times be and remain within its control, and neither it nor its Affiliates has engaged in any general solicitation or general advertising within the meaning of the Securities Act with respect to the Series 2017-1
Class A-1 Notes; (D) it understands that (I) the Series 2017-1 Class A-1 Notes have not been and will not be registered or qualified under the
Securities Act or any applicable state securities laws or the securities laws of any other jurisdiction and are being offered only in a transaction not involving any public offering within the meaning of the Securities Act and may not be resold or
otherwise transferred unless so registered or qualified or unless an exemption from registration or qualification is available and an opinion of counsel shall have been delivered in advance to the Co-Issuers,
(II) the Co-Issuers is not required to register the Series 2017-1 Class A-1 Notes, (III) any permitted transferee hereunder must be a “qualified
institutional buyer” within the meaning of Rule 144A under the Securities Act and must otherwise meet the criteria described under clause (viii)(B) above and (IV) any transfer must comply with the provisions of

  
 B-3 

 
Section 2.8 of the Base Indenture, Section 4.3 of the Series 2017-1 Supplement and Sections 9.03 or 9.17, as applicable, of the Series 2017-1
Class A-1 Note Purchase Agreement; (E) it will comply with the requirements of clause (viii)(D) above in connection with any transfer by it of the Series 2017-1 Class A-1 Notes; (F) it understands that the Series 2017-1 Class A-1 Notes will bear the legend set out in the form of Series 2017-1 Class A-1 Notes attached to the Series 2017-1 Supplement and be subject to the restrictions on transfer described in such legend; (G) it will obtain for the benefit of the
Co-Issuers from any purchaser of the Series 2017-1 Class A-1 Notes substantially the same representations and warranties contained in the foregoing paragraphs; and
(H) it has executed a Purchaser’s Letter substantially in the form of Exhibit D to the Series 2017-1 Class A-1 Note Purchase Agreement. 

Schedule I hereto sets forth (i) the Purchased Percentage for each Acquiring Committed Note Purchaser, (ii) the revised
Commitment Amounts of the Transferor and each Acquiring Committed Note Purchaser, and (iii) the revised Maximum Investor Group Principal Amounts for the Investor Groups of the Transferor and each Acquiring Committed Note Purchaser (it being
understood that if the Transferor was part of a Conduit Investor’s Investor Group and the Acquiring Committed Note Purchaser is intended to be part of the same Investor Group, there will not be any change to the Maximum Investor Group Principal
Amount for that Investor Group) and (iv) administrative information with respect to each Acquiring Committed Note Purchaser and its related Funding Agent. 

This Assignment and Assumption Agreement may be executed in any number of counterparts (which may include facsimile or other electronic
transmission of counterparts) and by the different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original, and all of which together shall constitute one and the same instrument. 

This Assignment and Assumption Agreement and all matters arising under or in any manner relating to this Assignment and Assumption Agreement
shall be governed by, and construed in accordance with, the laws of the State of New York without giving effect to any choice of law or conflict provision or rule (whether of the State of New York or any other jurisdiction) that would cause the
application of the laws of any jurisdiction other than the State of New York), and the obligations, rights and remedies of the parties hereto shall be determined in accordance with such law. 

ALL PARTIES HEREUNDER HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE ANY RIGHTS THEY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY
LITIGATION BASED HEREON OR ON THE SERIES 2017-1 CLASS A-1 NOTE PURCHASE AGREEMENT, OR ARISING OUT OF, UNDER, OR IN CONNECTION WITH, THIS ASSIGNMENT AND ASSUMPTION AGREEMENT OR THE SERIES 2017-1 CLASS A-1 NOTE PURCHASE AGREEMENT, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER ORAL OR WRITTEN) OR ACTIONS OF THE PARTIES IN CONNECTION HEREWITH OR THEREWITH. ALL PARTIES ACKNOWLEDGE AND AGREE THAT
THEY HAVE RECEIVED FULL AND SIGNIFICANT CONSIDERATION FOR THIS PROVISION AND THAT THIS PROVISION IS A MATERIAL INDUCEMENT FOR ALL PARTIES TO ENTER INTO THIS ASSIGNMENT AND ASSUMPTION AGREEMENT. 

  
 B-4 

 IN WITNESS WHEREOF, the parties hereto have caused this Assignment and Assumption Agreement to be
executed by their respective duly authorized officers as of the date first set forth above. 
  

			
	[                                    
    ], as Transferor

 
			
		
	By:	 	  

		 	Name:
		 	Title:
		
	By:	 	  

		 	Name:
		 	Title:

 
			
	
	[                                    
    ], as Acquiring Committed Note Purchaser

 
			
		
	By:	 	  

		 	Name:
		 	Title:

 
			
	
	[                    ], as Funding Agent

			
		
	By:	 	  

		 	Name:
		 	Title:

  
 B-5 

 
			
	CONSENTED AND ACKNOWLEDGED BY THE CO-ISSUERS:
	
	DOMINO’S PIZZA MASTER ISSUER LLC, as a Co-Issuer

 
			
		
	By:	 	  

		 	Name:
		 	Title:

 
			
	
	DOMINO’S SPV CANADIAN HOLDING COMPANY INC., as a Co-Issuer

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

 
			
	
	DOMINO’S PIZZA DISTRIBUTION LLC, as a Co-Issuer

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

 
			
	
	DOMINO’S IP HOLDER LLC, as a Co-Issuer

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 B-6 

 
			
	CONSENTED BY:
	
	COÖPERATIEVE RABOBANK U.A., NEW YORK BRANCH, as Swingline Lender

 
			
		
	By:	 	  

		 	Name:
		 	Title:

 
			
	
	COÖPERATIEVE RABOBANK U.A., NEW YORK BRANCH, as L/C Provider

 
			
		
	By:	 	  

		 	Name:
		 	Title:

  
 B-7 

 SCHEDULE I TO 

ASSIGNMENT AND ASSUMPTION AGREEMENT 

LIST OF ADDRESSES FOR NOTICES 

AND OF COMMITMENT AMOUNTS 

[                         
               ], as 
 Transferor 

Prior Commitment Amount: $[        ] 

Revised Commitment Amount: $[        ] 

Prior Maximum Investor Group 
 Principal Amount:
$[        ] 
 Revised Maximum Investor 

Group Principal Amount: $[        ] 

Related Conduit Investor 
 (if applicable)
[                    ] 

[                         
               ], as 
 Acquiring Committed Note Purchaser Address:

 Attention: 
 Telephone: 

Facsimile: 
 Purchased Percentage of 

Transferor’s Commitment: [    ]% 
 Prior
Commitment Amount: $[        ] 
 Revised Commitment Amount: $[        ]

 Prior Maximum Investor Group 
 Principal Amount:
$[        ] 
 Revised Maximum Investor 

Group Principal Amount: $[        ] 

  
 B-8 

 Related Conduit Investor 

(if applicable) [            ] 

[                         
               ], as 
 related Funding Agent 

Address: 
 Attention: 

Telephone: 
 Facsimile: 

  
 B-9 

 EXHIBIT C TO CLASS A-1 

NOTE PURCHASE AGREEMENT 

INVESTOR GROUP SUPPLEMENT, dated as of [            ], by and among (i)
[            ] (the “Transferor Investor Group”), (ii)
[                    ] (the “Acquiring Investor Group”), (iii) the Funding Agent with respect to the Acquiring Investor Group listed
on the signature pages hereof (each, a “Funding Agent”), and (iv) the Co-Issuers, the Swingline Lender and the L/C Provider listed on the signature pages hereof. 

W I T N E S S E T H: 

WHEREAS, this Investor Group Supplement is being executed and delivered in accordance with Section 9.17(c) of the
Series 2017-1 Class A-1 Note Purchase Agreement, dated as of June 12, 2017 (as from time to time amended, supplemented or otherwise modified in accordance with the terms thereof, the
“Series 2017-1 Class A-1 Note Purchase Agreement”; terms used but not otherwise defined herein having the meanings ascribed to such terms therein), by and
among the Co-Issuers, the Guarantors, the Manager, the Conduit Investors, Committed Note Purchasers and Funding Agents named therein, the L/C Provider and Swingline Lender named therein, Domino’s Pizza
LLC, as Manager, and Coöperatieve Rabobank U.A., New York Branch, as Administrative Agent (in such capacity, the “Administrative Agent”); 

WHEREAS, the Acquiring Investor Group wishes to become a Conduit Investor and [a] Committed Note Purchaser[s] with respect to such Conduit
Investor under the Series 2017-1 Class A-1 Note Purchase Agreement; and 
 WHEREAS, the
Transferor Investor Group is selling and assigning to the Acquiring Investor Group [all] [a portion of] its respective rights, obligations and commitments under the Series 2017-1 Class A-1 Note Purchase
Agreement, the Series 2017-1 Class A-1 Advance Notes and each other Related Document to which it is a party with respect to the percentage of its Commitment Amount specified on Schedule I
attached hereto; 
 NOW, THEREFORE, the parties hereto hereby agree as follows: 

Upon the execution and delivery of this Investor Group Supplement by the Acquiring Investor Group, each related Funding Agent with respect
thereto, the Transferor Investor Group, the Swingline Lender, the L/C Provider and, to the extent required by Section 9.17(c) of the Series 2017-1 Class A-1 Note Purchase
Agreement (the date of such execution and delivery, the “Transfer Issuance Date”), the Co-Issuers, the Conduit Investor and the Committed Note Purchaser[s] with respect to the Acquiring
Investor Group shall be parties to the Series 2017-1 Class A-1 Note Purchase Agreement for all purposes thereof. 

The Transferor Investor Group acknowledges receipt from the Acquiring Investor Group of an amount equal to the purchase price, as agreed
between the Transferor Investor Group and the Acquiring Investor Group (the “Purchase Price”), of the portion being purchased by the Acquiring Investor Group (the Acquiring Investor Group’s “Purchased
Percentage”) of (i) the aggregate Commitment[s] of the Committed Note Purchaser[s] included in the Transferor Investor Group under the Series 2017-1 Class A-1 Note Purchase Agreement and
(ii) the aggregate related Committed Note Purchaser Percentage[s] of the related Investor Group 

  
 C-1 

 
Principal Amount. The Transferor Investor Group hereby irrevocably sells, assigns and transfers to the Acquiring Investor Group, without recourse, representation or warranty, and the Acquiring
Investor Group hereby irrevocably purchases, takes and assumes from the Transferor Investor Group, such Acquiring Investor Group’s Purchased Percentage of (x) the aggregate Commitment[s] of the Committed Note Purchaser[s] included in the
Transferor Investor Group under the Series 2017-1 Class A-1 Note Purchase Agreement and (y) the aggregate related Committed Note Purchaser Percentage[s] of the related Investor Group Principal
Amount. 
 The Transferor Investor Group has made arrangements with the Acquiring Investor Group with respect to (i) the portion, if
any, to be paid, and the date or dates for payment, by the Transferor Investor Group to such Acquiring Investor Group of any program fees, undrawn facility fee, structuring and commitment fees or other fees (collectively, the
“Fees”) [heretofore received] by the Transferor Investor Group pursuant to Section 3.02 of the Series 2017-1 Class A-1 Note Purchase Agreement prior to the
Transfer Issuance Date [and (ii) the portion, if any, to be paid, and the date or dates for payment, by such Acquiring Investor Group to the Transferor Investor Group of Fees or
[            ] received by such Acquiring Investor Group pursuant to the Series 2017-1 Supplement from and after the Transfer Issuance Date]. 

From and after the Transfer Issuance Date, amounts that would otherwise be payable to or for the account of the Transferor Investor Group
pursuant to the Series 2017-1 Supplement or the Series 2017-1 Class A-1 Note Purchase Agreement shall, instead, be payable to or for the account of the Transferor Investor Group and the Acquiring Investor
Group, as the case may be, in accordance with their respective interests as reflected in this Investor Group Supplement, whether such amounts have accrued prior to the Transfer Issuance Date or accrue subsequent to the Transfer Issuance Date. 

Each of the parties to this Investor Group Supplement agrees that, at any time and from time to time upon the written request of any other
party, it will execute and deliver such further documents and do such further acts and things as such other party may reasonably request in order to effect the purposes of this Investor Group Supplement. 

The Acquiring Investor Group has executed and delivered to the Administrative Agent a Purchaser’s Letter substantially in the form of
Exhibit D to the Series 2017-1 Class A-1 Note Purchase Agreement. 
 By executing and
delivering this Investor Group Supplement, the Transferor Investor Group and the Acquiring Investor Group confirm to and agree with each other and the other parties to the Series 2017-1 Class A-1 Note
Purchase Agreement as follows: (i) other than the representation and warranty that it is the legal and beneficial owner of the interest being assigned hereby free and clear of any adverse claim, the Transferor Investor Group makes no
representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with the Series 2017-1 Supplement, the Series 2017-1
Class A-1 Note Purchase Agreement or the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Indenture, the Series 2017-1
Class A-1 Notes, the Related Documents or any instrument or document furnished pursuant thereto; (ii) the Transferor Investor Group makes no representation or warranty and assumes no responsibility
with respect to the financial condition of the Co-Issuers or the performance or observance by the 

  
 C-2 

 
Co-Issuers of any of the Co-Issuers’ obligations under the Indenture, the Series 2017-1 Class A-1 Note Purchase Agreement, the Related Documents or any other instrument or document furnished pursuant hereto; (iii) the Acquiring Investor Group confirms that it has received a copy of the
Indenture, the Series 2017-1 Class A-1 Note Purchase Agreement and such other Related Documents and other documents and information as it has deemed appropriate to make its own credit analysis and
decision to enter into this Investor Group Supplement; (iv) the Acquiring Investor Group will, independently and without reliance upon the Administrative Agent, the Transferor Investor Group, the Funding Agents or any other Person and based on
such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Series 2017-1 Class A-1 Note Purchase Agreement;
(v) the Acquiring Investor Group appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers under the Series 2017-1 Class A-1 Note
Purchase Agreement as are delegated to the Administrative Agent by the terms thereof, together with such powers as are reasonably incidental thereto, all in accordance with Article V of the Series 2017-1
Class A-1 Note Purchase Agreement; (vi) each member of the Acquiring Investor Group appoints and authorizes its related Funding Agent, listed on Schedule I hereto, to take such action as agent
on its behalf and to exercise such powers under the Series 2017-1 Class A-1 Note Purchase Agreement as are delegated to such Funding Agent by the terms thereof, together with such powers as are reasonably
incidental thereto, all in accordance with Article V of the Series 2017-1 Class A-1 Note Purchase Agreement; (vii) each member of the Acquiring Investor Group agrees that it will perform in
accordance with their terms all of the obligations that by the terms of the Series 2017-1 Class A-1 Note Purchase Agreement are required to be performed by it as a member of the Acquiring Investor Group;
and (viii) each member of the Acquiring Investor Group hereby represents and warrants to the Co-Issuers and the Manager that: (A) it has had an opportunity to discuss the Co-Issuers’ and the Manager’s business, management and financial affairs, and the terms and conditions of the proposed purchase, with the Co-Issuers and the Manager
and their respective representatives; (B) it is a “qualified institutional buyer” within the meaning of Rule 144A under the Securities Act and has sufficient knowledge and experience in financial and business matters to be capable of
evaluating the merits and risks of investing in, and is able and prepared to bear the economic risk of investing in, the Series 2017-1 Class A-1 Notes; (C) it is purchasing the Series 2017-1 Class A-1 Notes for its own account, or for the account of one or more “qualified institutional buyers” within the meaning of Rule 144A under the Securities Act that meet the criteria described in
clause (viii)(B) above and for which it is acting with complete investment discretion, for investment purposes only and not with a view to distribution, subject, nevertheless, to the understanding that the disposition of its property shall at
all times be and remain within its control, and neither it nor its Affiliates has engaged in any general solicitation or general advertising within the meaning of the Securities Act with respect to the Series 2017-1
Class A-1 Notes; (D) it understands that (I) the Series 2017-1 Class A-1 Notes have not been and will not be registered or qualified under the
Securities Act or any applicable state securities laws or the securities laws of any other jurisdiction and are being offered only in a transaction not involving any public offering within the meaning of the Securities Act and may not be resold or
otherwise transferred unless so registered or qualified or unless an exemption from registration or qualification is available and an opinion of counsel shall have been delivered in advance to the Co-Issuers,
(II) the Co-Issuers is not required to register the Series 2017-1 Class A-1 Notes, (III) any permitted transferee hereunder must meet the criteria
described under clause (viii)(B) above 

  
 C-3 

 
and (IV) any transfer must comply with the provisions of Section 2.8 of the Base Indenture, Section 4.3 of the Series 2017-1 Supplement and Sections 9.03 or 9.17, as applicable, of
the Series 2017-1 Class A-1 Note Purchase Agreement; (E) it will comply with the requirements of clause (viii)(D) above in connection with any transfer by it of the Series 2017-1 Class A-1 Notes; (F) it understands that the Series 2017-1 Class A-1 Notes will bear the legend set out in the form of Series 2017-1 Class A-1 Notes attached to the Series 2017-1 Supplement and be subject to the restrictions on transfer described in such legend; (G) it will obtain for the benefit of the Co-Issuers from any purchaser of the Series 2017-1 Class A-1 Notes substantially the same representations and warranties contained in the foregoing paragraphs; and
(H) it has executed a Purchaser’s Letter substantially in the form of Exhibit D to the Series 2017-1 Class A-1 Note Purchase Agreement. 

Schedule I hereto sets forth (i) the Purchased Percentage for the Acquiring Investor Group, (ii) the revised Commitment
Amounts of the Transferor Investor Group and the Acquiring Investor Group, and (iii) the revised Maximum Investor Group Principal Amounts for the Transferor Investor Group and the Acquiring Investor Group and (iv) administrative
information with respect to the Acquiring Investor Group and its related Funding Agent. 
 This Investor Group Supplement and all matters
arising under or in any manner relating to this Investor Group Supplement shall be governed by, and construed in accordance with, the laws of the State of New York without giving effect to any choice of law or conflict provision or rule (whether of
the State of New York or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of New York, and the obligations, rights and remedies of the parties hereto shall be determined in accordance with
such law. 
 ALL PARTIES HEREUNDER HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE ANY RIGHTS THEY MAY HAVE TO A TRIAL BY JURY IN
RESPECT OF ANY LITIGATION BASED HEREON OR ON THE SERIES 2017-1 CLASS A-1 NOTE PURCHASE AGREEMENT, OR ARISING OUT OF, UNDER, OR IN CONNECTION WITH, THIS INVESTOR GROUP SUPPLEMENT OR THE SERIES 2017-1 CLASS A-1 NOTE PURCHASE AGREEMENT, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER ORAL OR WRITTEN) OR ACTIONS OF THE PARTIES IN CONNECTION HEREWITH OR THEREWITH. ALL PARTIES ACKNOWLEDGE AND AGREE THAT
THEY HAVE RECEIVED FULL AND SIGNIFICANT CONSIDERATION FOR THIS PROVISION AND THAT THIS PROVISION IS A MATERIAL INDUCEMENT FOR ALL PARTIES TO ENTER INTO THIS INVESTOR GROUP SUPPLEMENT. 

IN WITNESS WHEREOF, the parties hereto have caused this Investor Group Supplement to be executed by their respective duly authorized officers
as of the date first set forth above. 

  
 C-4 

 
			
	[                    ], as Transferor Investor Group

			
		
	By:	 	  

		 	Name:
		 	Title

 
			
	
	[                    ], as Acquiring Investor Group

			
		
	By:	 	  

		 	Name:
		 	Title:

 
			
	
	[                    ], as Funding Agent

			
		
	By:	 	  

		 	Name:
		 	Title

  
 C-5 

 
			
	CONSENTED AND ACKNOWLEDGED BY THE CO-ISSUERS:
	
	DOMINO’S PIZZA MASTER ISSUER LLC, as a Co-Issuer

 
			
		
	By:	 	  

		 	Name:
		 	Title:

 
			
	
	DOMINO’S SPV CANADIAN HOLDING COMPANY INC., as a Co-Issuer

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

 
			
	
	DOMINO’S PIZZA DISTRIBUTION LLC, as a Co-Issuer

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

 
			
	
	DOMINO’S IP HOLDER LLC, as a Co-Issuer

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 C-6 

 
			
	CONSENTED BY:
	
	COÖPERATIEVE RABOBANK U.A., NEW YORK BRANCH, as Swingline Lender

 
			
		
	By:	 	  

		 	Name:
		 	Title:

 
			
	
	COÖPERATIEVE RABOBANK U.A., NEW YORK BRANCH, as L/C Provider

 
			
		
	By:	 	  

		 	Name:
		 	Title:

  
 C-7 

 SCHEDULE I TO 

INVESTOR GROUP SUPPLEMENT 

LIST OF ADDRESSES FOR NOTICES 

AND OF COMMITMENT AMOUNTS 

[                         
               ], as 
 Transferor Investor Group 

Prior Commitment Amount: $[        ] 

Revised Commitment Amount: $[        ] 

Prior Maximum Investor Group 
 Principal Amount:
$[        ] 
 Revised Maximum Investor 

Group Principal Amount: $[        ] 

[                         
               ], as 
 Acquiring Investor Group 

Address: 
 Attention: 

Telephone: 
 Facsimile: 

Purchased Percentage of 
 Transferor Investor Group’s
Commitment: [        ]% 
 Prior Commitment Amount: $[        ] 

Revised Commitment Amount: $[        ] 

Prior Maximum Investor Group 
 Principal Amount:
$[         

  
 C-8 

 Revised Maximum Investor 

Group Principal Amount: $[         

[                         
               ], as 
 related Funding Agent 

Address: Attention: 
 Telephone: 

Facsimile: 

  
 C-9 

 EXHIBIT D TO CLASS A-1 

NOTE PURCHASE AGREEMENT 

[FORM OF PURCHASER’S LETTER] 
  

			
	[INVESTOR]	  	
	[INVESTOR ADDRESS]	  	
	Attention: [INVESTOR CONTACT]	  	[Date]

 Ladies and Gentlemen: 

Reference is hereby made to the Class A-1 Note Purchase Agreement dated June 12, 2017 (the
“NPA”) relating to the offer and sale (the “Offering”) of Series 2017-1 Variable Funding Senior Notes, Class A-1 (the “Securities”) of Domino’s
Pizza Master Issuer LLC, Domino’s SPV Canadian Holding Company Inc., Domino’s Pizza Distribution, LLC and Domino’s IP Holder LLC (collectively, the “Co-Issuers”). The Offering
will not be required to be registered with the Securities and Exchange Commission pursuant to the Securities Act of 1933, as amended (the “Act”) under an exemption from registration granted in Section 4(a)(2) of the Act.
Coöperatieve Rabobank U.A., New York Branch is acting as administrative agent (the “Administrative Agent”) in connection with the Offering. Unless otherwise defined herein, capitalized terms have the definitions ascribed to
them in the NPA. Please confirm with us your acknowledgement and agreement with the following: 
  

	 	(a)	You are a “qualified institutional buyer” within the meaning of Rule 144A under the Act (a “Qualified Institutional Buyer”) and have sufficient knowledge and experience in financial and
business matters to be capable of evaluating the merits and risks of investing in, and are able and prepared to bear the economic risk of investing in, the Securities. 

 

	 	(b)	Neither the Administrative Agent nor its Affiliates (i) has provided you with any information with respect to the Co-Issuers, the Securities or the Offering other than the
information contained in the NPA, which was prepared by the Co-Issuers, or (ii) makes any representation as to the credit quality of the Co-Issuers or the merits of
an investment in the Securities. The Administrative Agent has not provided you with any legal, business, tax or other advice in connection with the Offering or your possible purchase of the Securities. 

 

	 	(c)	You acknowledge that you have completed your own diligence investigation of the Co-Issuers and the Securities and have had sufficient access to the agreements, documents, records,
officers and directors of the Co-Issuers to make your investment decision related to the Securities. You further acknowledge that you have had an opportunity to discuss the
Co-Issuers’ and the Manager’s business, management and financial affairs, and the terms and conditions of the proposed purchase, with the Co-Issuers and the
Manager and their respective representatives. 

  
 D-1 

	 	(d)	The Administrative Agent may currently or in the future own securities issued by, or have business relationships (including, among others, lending, depository, risk management, advisory and banking relationships) with,
the Co-Issuers and its affiliates, and the Administrative Agent will manage such security positions and business relationships as it determines to be in its best interests, without regard to the interests of
the holders of the Securities. 

  

	 	(e)	You are purchasing the Securities for your own account, or for the account of one or more Persons who are Qualified Institutional Buyers and who meet the criteria described in paragraph (a) above and for whom you
are acting with complete investment discretion, for investment purposes only and not with a view to a distribution in violation of the Act, subject, nevertheless, to the understanding that the disposition of your property shall at all times be and
remain within your control, and neither you nor your Affiliates has engaged in any general solicitation or general advertising within the meaning of the Act, or the rules and regulations promulgated thereunder with respect to the Securities. You
confirm that, to the extent you are purchasing the Securities for the account of one or more other Persons, (i) you have been duly authorized to make the representations, warranties, acknowledgements and agreements set forth herein on their
behalf and (ii) the provisions of this letter constitute legal, valid and binding obligations of you and any other Person for whose account you are acting; 

  

	 	(f)	You understand that (i) the Securities have not been and will not be registered or qualified under the Act or any applicable state securities laws or the securities laws of any other jurisdiction and are being
offered only in a transaction not involving any public offering within the meaning of the Act and may not be resold or otherwise transferred unless so registered or qualified or unless an exemption from registration or qualification is available and
an opinion of counsel on the foregoing shall have been delivered in advance to the Co-Issuers, (ii) the Co-Issuers is not required to register the Securities under
the Act or any applicable state securities laws or the securities laws of any state of the United States or any other jurisdiction, (iii) any permitted transferee under the NPA must be a Qualified Institutional Buyer and (iv) any transfer
must comply with the provisions of Section 2.8 of the Base Indenture, Section 4.3 of the Series 2017-1 Supplement and Sections 9.03 or 9.17 of the NPA, as applicable; 

 

	 	(g)	You will comply with the requirements of paragraph (f) above in connection with any transfer by you of the Securities; 

  

	 	(h)	You understand that the Securities will bear the legend set out in the form of Securities attached to the Series 2017-1 Supplement and be subject to the restrictions on transfer described in such legend;

  

	 	(i)	 Either (i) you are not acquiring or holding the Securities for or on behalf of, or with the assets of, any
plan, account or other arrangement that is subject to Title I of the Employee Retirement Income Security Act of 1974, as amended 

  
 D-2 

	 	
(“ERISA”), Section 4975 of the Code, or provisions under any Similar Law (as defined in the Series 2017-1 Supplemental Definitions List attached to the Series 2017-1
Supplement as Annex A) or (ii) your purchase and holding of the Securities does not constitute and will not result in a non-exempt prohibited transaction under Section 406 of ERISA or
Section 4975 of the Code or a violation of any applicable Similar Law; and 

  

	 	(j)	You will obtain for the benefit of the Co-Issuers from any purchaser of the Securities substantially the same representations and warranties contained in the foregoing paragraphs.

 This letter agreement will be governed by and construed in accordance with the laws of the State of New York without giving
effect to any choice of law or conflict provision or rule (whether of the State of New York or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of New York. 

  
 D-3 

 You understand that the Administrative Agent will rely upon this letter agreement in acting as an
Administrative Agent in connection with the Offering. You agree to notify the Administrative Agent promptly in writing if any of your representations, acknowledgements or agreements herein cease to be accurate and complete. You irrevocably authorize
the Administrative Agent to produce this letter to any interested party in any administrative or legal proceeding or official inquiry with respect to the matters set forth herein. 

 

			
	[    ]

 
			
		
	By:	 	  

		 	Name:
		 	Title:

 
			
	
	Agreed and Acknowledged:
	
	[INVESTOR]

 
			
		
	By:	 	  

		 	Name:
		 	Title:

  
 D-4 

 EXHIBIT E TO CLASS A-1 

NOTE PURCHASE AGREEMENT 

[FORM OF JOINDER AGREEMENT 

TO SERIES 2017-1 CLASS A-1 NOTE PURCHASE AGREEMENT] 

This JOINDER AGREEMENT, dated as of
[                    ], is by and among [            ], as Committed Purchaser (the
“Additional Committed Note Purchaser”), [            ], as Funding Agent (the “Additional Funding Agent”) [and
[            ], as Conduit Investor (the “Additional Conduit Investor”)] and the Co-Issuers, the Swingline Lender and the L/C
Provider listed on the signature pages hereof. 
 W I T N E S S E T H:

 WHEREAS, this Joinder Agreement is being executed and delivered in connection with the
Class A-1 Note Purchase Agreement, dated as of June 12, 2017 (as from time to time amended, supplemented or otherwise modified in accordance with the terms thereof, the “Agreement”),
by and among Domino’s Pizza Master Issuer LLC, Domino’s SPV Canadian Holding Company Inc., Domino’s Pizza Distribution LLC and Domino’s IP Holder LLC, as Co-Issuers, Domino’s Pizza
Franchising LLC, Domino’s Pizza Canadian Distribution ULC, Domino’s RE LLC, Domino’s EQ LLC and Domino’s SPV Guarantor LLC, as Guarantors, Domino’s Pizza LLC, as Manager, the Conduit Investors, Committed Note Purchasers, and
Funding Agents listed on Schedule I thereto, and Coöperatieve Rabobank U.A., New York Branch, as Administrative Agent, L/C Provider and Swingline Lender; and 

WHEREAS, [        ] (the “Additional Committed Note Purchaser”),
[            ] (the “Additional Funding Agent”) and [                ] (the
“Additional Conduit Investor”) wish to become a party to the Agreement; 
 WHEREAS, terms used but not otherwise defined
herein have the meanings given to such terms in the Agreement; 
 NOW, THEREFORE, the parties hereto hereby agree as follows: 

As of [            ] (the “Effective Date”), the Additional
Committed Note Purchaser hereby joins and is made a party to the Agreement as a Committed Note Purchaser, the Additional Funding Agent hereby joins and is made a party to the Agreement as a Funding Agent and a part of such Additional Committed Note
Purchaser’s Investor Group[, and the Additional Conduit Investor hereby joins and is made a party to the Agreement as a Conduit Investor and a part of such Additional Committed Note Purchaser’s Investor Group], each with the same effect as
if an original signatory to the Agreement and each agrees to be bound by all the terms and provisions thereof. 

 By executing and delivering this Joinder Agreement, the Additional Committed Note Purchaser
confirms and agrees with the parties hereto and the other parties to the Agreement as follows: 
 (a) the Additional
Committed Note Purchaser confirms that it has received a copy of the Indenture, the Agreement and such other Related Documents and other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter
into this Joinder Agreement; 
 (b) the Additional Committed Note Purchaser will, independently and without reliance upon the
Administrative Agent, any Funding Agent or any other Investor Group and based on such documents and information as it shall deem appropriate at the time, make its own credit decisions in taking or not taking action under the Agreement; 

(c) the Additional Committed Note Purchaser appoints and authorizes the Administrative Agent to take such action as agent on
its behalf and to exercise such powers under the Agreement as are delegated to the Administrative Agent by the terms thereof, together with such powers as are reasonably incidental thereto, all in accordance with Article V of the Agreement;

 (d) the Additional Committed Note Purchaser appoints and authorizes the Additional Funding Agent to take such action as
agent on its behalf and to exercise such powers under the Agreement as are delegated to such Funding Agent by the terms thereof, together with such powers as are reasonably incidental thereto, all in accordance with Article V of the
Agreement; 
 (e) the Additional Committed Note Purchaser agrees that it will perform in accordance with their terms all of
the obligations that by the terms of the Agreement are required to be performed by it as a Committed Note Purchaser; and 

(f) the Additional Committed Note Purchaser hereby represents and warrants to the
Co-Issuers and the Manager that: 
 (i) it has had an opportunity to discuss the Co-Issuers’ and the Manager’s business, management and financial affairs, and the terms and conditions of the proposed purchase, with the Co-Issuers and the Manager
and their respective representatives; 
 (ii) it is a “qualified institutional buyer” within the meaning of Rule
144A under the Securities Act and otherwise meets the criteria in Section 6.03(b) of the Agreement and has sufficient knowledge and experience in financial and business matters to be capable of evaluating the merits and
risks of investing in, and is able and prepared to bear the economic risk of investing in, the Series 2017-1 Class A-1 Notes; 

(iii) it is purchasing the Series 2017-1
Class A-1 Notes for its own account, or for the account of one or more “qualified institutional buyers” within the meaning of Rule 144A under the Securities Act that meet the criteria described
in clause (f)(ii) above and for which it is acting with complete investment discretion, for investment purposes only and not with a view to distribution, subject, nevertheless, to the understanding that the disposition of its property shall
at all times be and remain within its control, and neither it nor its Affiliates has engaged in any general solicitation or general advertising within the meaning of the Securities Act with respect to the Series
2017-1 Class A-1 Notes; 

 (iv) it understands that (I) the Series
2017-1 Class A-1 Notes have not been and will not be registered or qualified under the Securities Act or any applicable state securities laws or the securities laws
of any other jurisdiction and are being offered only in a transaction not involving any public offering within the meaning of the Securities Act and may not be resold or otherwise transferred unless so registered or qualified or unless an exemption
from registration or qualification is available and an opinion of counsel shall have been delivered in advance to the Co-Issuers, (II) the Co-Issuers is not
required to register the Series 2017-1 Class A-1 Notes, (III) any permitted transferee hereunder must be a “qualified institutional buyer” within the
meaning of Rule 144A under the Securities Act and must otherwise meet the criteria described under clause (viii)(B) above and (IV) any transfer must comply with the provisions of Section 2.8 of the Base Indenture, Section 4.3
of the Series 2017-1 Supplement and Sections 9.03 or 9.17, as applicable, of the Agreement; 

(v) it will comply with the requirements of clause (viii)(D) above in connection with any transfer by it of the Series 2017-1 Class A-1 Notes; 
 (vi) it
understands that the Series 2017-1 Class A-1 Notes will bear the legend set out in the form of Series 2017-1 Class A-1 Notes attached to the Series 2017-1 Supplement and be subject to the restrictions on transfer described in such legend; 

(vii) it will obtain for the benefit of the Co-Issuers from any purchaser of the
Series 2017-1 Class A-1 Notes substantially the same representations and warranties contained in the foregoing paragraphs; and 

(viii) it has executed a Purchaser’s Letter substantially in the form of Exhibit D to the Agreement. 

Set forth below is the Additional Committed Purchaser’s information for inclusion in Schedule I to the Agreement: 

 

									
	 Investor

Group/Funding

Agent
	  	Maximum
Investor Group
Principal
Amount	  	Conduit
Lender (if any)	  	Committed Note
Purchaser(s)	  	Commitment
Amount
					
	[            ]	  	[            ]	  	[            ]	  	[            ]	  	[            ]

 Set forth below is administrative information for inclusion in Schedule II to the Agreement: 

Committed Purchaser: [            ] 

 Funding Agent:
[            ] 
 Conduit Investors:
[            ] 
 This Joinder Agreement may be executed in any number of
counterparts (which may include facsimile or other electronic transmission of counterparts) and by the different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original, and all of which together
shall constitute one and the same instrument. 
 This Joinder Agreement and all matters arising under or in any manner relating to this
Joinder Agreement shall be governed by, and construed in accordance with, the laws of the State of New York without giving effect to any choice of law or conflict provision or rule (whether of the State of New York or any other jurisdiction) that
would cause the application of the laws of any jurisdiction other than the State of New York), and the obligations, rights and remedies of the parties hereto shall be determined in accordance with such law. 

ALL PARTIES HEREUNDER HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE ANY RIGHTS THEY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY
LITIGATION BASED HEREON OR ON THE AGREEMENT, OR ARISING OUT OF, UNDER, OR IN CONNECTION WITH, THIS ASSIGNMENT AND ASSUMPTION AGREEMENT OR THE AGREEMENT, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER ORAL OR WRITTEN) OR ACTIONS OF
THE PARTIES IN CONNECTION HEREWITH OR THEREWITH. ALL PARTIES ACKNOWLEDGE AND AGREE THAT THEY HAVE RECEIVED FULL AND SIGNIFICANT CONSIDERATION FOR THIS PROVISION AND THAT THIS PROVISION IS A MATERIAL INDUCEMENT FOR ALL PARTIES TO ENTER INTO THIS
JOINDER AGREEMENT. 

 IN WITNESS WHEREOF, the parties hereto have caused this Joinder Agreement to be executed by their
respective duly authorized officers as of the date first set forth above. 
  

			
	[                                    ],
as Additional Committed Note Purchaser

 
			
		
	By:	 	  

		 	Name:
		 	Title:

 
			
	
	[                    ], as Additional Funding Agent

					
		
	By:	 	  

		 	Name:	 	
		 		 	Title:

 
			
	
	[                    ], as Additional Conduit
Investor

 
			
		
	By:	 	  

		 	Name:
		 	Title:

 
			
	
	CONSENTED AND ACKNOWLEDGED BY THE CO-ISSUERS:
	
	DOMINO’S PIZZA MASTER ISSUER LLC, as a Co-Issuer

 
			
		
	By:	 	  

		 	Name:
		 	Title:

 
			
	
	DOMINO’S SPV CANADIAN HOLDING COMPANY INC., as a Co-Issuer

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

 
			
	
	DOMINO’S PIZZA DISTRIBUTION LLC, as a Co-Issuer

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

 
			
	
	DOMINO’S IP HOLDER LLC, as a Co-Issuer

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

 
			
	CONSENTED BY:
	
	 COÖPERATIEVE RABOBANK U.A.,

NEW YORK BRANCH, as Swingline Lender

 
			
		
	By:	 	  

		 	Name:
		 	Title:

 
			
	
	 COÖPERATIEVE RABOBANK U.A.,

NEW YORK BRANCH, as L/C Provider

 
			
		
	By:	 	  

		 	Name:
		 	Title:

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