Document:

EX-10.1

 Exhibit 10.1 

Execution Copy 
  

 
  

CREDIT AGREEMENT 

Dated as of December 21, 2011 
 among 
 POLYONE CORPORATION, 

as the Borrower, 

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

The Other Lenders Party Hereto 
 WELLS FARGO BANK, NATIONAL ASSOCIATION, as Syndication Agent 
 MERRILL LYNCH,
PIERCE, FENNER & SMITH INCORPORATED and WELLS FARGO 
 SECURITIES, LLC, 

as Joint-Lead Arranger and Joint-Book Managers 
  

 
  

 TABLE OF CONTENTS 

 

							
	 Section
	 	 	  	Page	 
		
	ARTICLE I	  			
	DEFINITIONS AND ACCOUNTING TERMS	  			
			
	 1.01
	 	Defined Terms	  	 	1	  
	 1.02
	 	Other Interpretive Provisions	  	 	33	  
	 1.03
	 	Accounting Terms	  	 	34	  
	 1.04
	 	Rounding	  	 	34	  
	 1.05
	 	Times of Day	  	 	34	  
	 1.06
	 	Currency Equivalents Generally	  	 	34	  
		
	ARTICLE II	  			
	THE COMMITMENTS AND CREDIT EXTENSIONS	  			
			
	 2.01
	 	The Loans	  	 	35	  
	 2.02
	 	Borrowings, Conversions and Continuations of Loans	  	 	35	  
	 2.03
	 	Prepayments	  	 	36	  
	 2.04
	 	Termination or Reduction of Commitments	  	 	38	  
	 2.05
	 	Repayment of Loans	  	 	38	  
	 2.06
	 	Interest	  	 	38	  
	 2.07
	 	Fees	  	 	39	  
	 2.08
	 	Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate	  	 	39	  
	 2.09
	 	Evidence of Debt	  	 	40	  
	 2.10
	 	Payments Generally; Administrative Agent’s Clawback	  	 	40	  
	 2.11
	 	Sharing of Payments by Lenders	  	 	42	  
	 2.12
	 	Defaulting Lenders	  	 	43	  
		
	ARTICLE III	  			
	TAXES, YIELD PROTECTION AND ILLEGALITY	  			
			
	 3.01
	 	Taxes	  	 	44	  
	 3.02
	 	Illegality	  	 	47	  
	 3.03
	 	Inability to Determine Rates	  	 	48	  
	 3.04
	 	Increased Costs	  	 	48	  
	 3.05
	 	Compensation for Losses	  	 	49	  
	 3.06
	 	Mitigation Obligations; Replacement of Lenders	  	 	50	  
	 3.07
	 	Survival	  	 	50	  
		
	ARTICLE IV	  			
	CONDITIONS PRECEDENT TO CREDIT EXTENSION	  			
			
	 4.01
	 	Conditions of Credit Extension	  	 	50	  

  
 i 

							
	ARTICLE V	  			
	REPRESENTATIONS AND WARRANTIES	  			
			
	 5.01
	 	Existence, Qualification and Power	  	 	55	  
	 5.02
	 	Authorization; No Conflict	  	 	55	  
	 5.03
	 	Governmental Authorization; Other Consents	  	 	55	  
	 5.04
	 	Binding Effect	  	 	56	  
	 5.05
	 	Financial Statements; No Material Adverse Effect	  	 	56	  
	 5.06
	 	Litigation	  	 	57	  
	 5.07
	 	No Default	  	 	57	  
	 5.08
	 	Ownership of Property; Liens; Investments	  	 	57	  
	 5.09
	 	Environmental Compliance	  	 	58	  
	 5.10
	 	Insurance	  	 	59	  
	 5.11
	 	Taxes	  	 	59	  
	 5.12
	 	ERISA Compliance	  	 	59	  
	 5.13
	 	Subsidiaries; Equity Interests; Loan Parties	  	 	59	  
	 5.14
	 	Margin Regulations; Investment Company Act	  	 	60	  
	 5.15
	 	Disclosure	  	 	60	  
	 5.16
	 	Compliance with Laws	  	 	60	  
	 5.17
	 	Solvency	  	 	61	  
	 5.18
	 	Patriot Act	  	 	61	  
	 5.19
	 	OFAC	  	 	61	  
	 5.20
	 	Merger	  	 	61	  
		
	ARTICLE VI	  			
	AFFIRMATIVE COVENANTS	  			
			
	 6.01
	 	Financial Statements	  	 	62	  
	 6.02
	 	Certificates; Other Information	  	 	62	  
	 6.03
	 	Notices	  	 	64	  
	 6.04
	 	Payment of Obligations	  	 	65	  
	 6.05
	 	Preservation of Existence, Etc.	  	 	65	  
	 6.06
	 	Maintenance of Properties	  	 	65	  
	 6.07
	 	Maintenance of Insurance	  	 	65	  
	 6.08
	 	Compliance with Laws	  	 	65	  
	 6.09
	 	Books and Records	  	 	66	  
	 6.10
	 	Inspection Rights	  	 	66	  
	 6.11
	 	Use of Proceeds	  	 	66	  
	 6.12
	 	Covenant to Guarantee Obligations and Give Security	  	 	66	  
	 6.13
	 	Compliance with Environmental Laws	  	 	68	  
	 6.14
	 	Further Assurances	  	 	69	  
	 6.15
	 	Designation as Senior Debt	  	 	69	  
	 6.16
	 	Rated Credit Facility; Corporate Ratings	  	 	69	  
	 6.17
	 	Post-Closing Matters	  	 	69	  
	 6.18
	 	Preparation of Environmental Reports	  	 	69	  

  
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	ARTICLE VII	  
	NEGATIVE COVENANTS	  			
			
	 7.01
	 	Liens	  	 	69	  
	 7.02
	 	Indebtedness	  	 	72	  
	 7.03
	 	Investments	  	 	75	  
	 7.04
	 	Fundamental Changes	  	 	77	  
	 7.05
	 	Dispositions	  	 	77	  
	 7.06
	 	Restricted Payments	  	 	79	  
	 7.07
	 	Change in Nature of Business	  	 	80	  
	 7.08
	 	Transactions with Affiliates	  	 	80	  
	 7.09
	 	Burdensome Agreements	  	 	81	  
	 7.10
	 	Use of Proceeds	  	 	81	  
	 7.11
	 	Financial Covenants	  	 	81	  
	 7.12
	 	Capital Expenditures	  	 	82	  
	 7.13
	 	Amendments of Certain Documents	  	 	83	  
	 7.14
	 	Accounting Changes	  	 	83	  
	 7.15
	 	Prepayments, Etc. of Indebtedness	  	 	83	  
	 7.16
	 	Designation of Senior Debt	  	 	83	  
	 7.17
	 	1997 Guaranty, 2015 Notes and 2020 Notes	  	 	83	  
		
	ARTICLE VIII	  			
	EVENTS OF DEFAULT AND REMEDIES	  			
	 8.01
	 	Events of Default	  	 	84	  
	 8.02
	 	Remedies upon Event of Default	  	 	86	  
	 8.03
	 	Application of Funds	  	 	87	  
		
	ARTICLE IX	  			
	ADMINISTRATIVE AGENT	  			
			
	 9.01
	 	Appointment and Authority	  	 	87	  
	 9.02
	 	Rights as a Lender	  	 	88	  
	 9.03
	 	Exculpatory Provisions	  	 	88	  
	 9.04
	 	Reliance by Administrative Agent	  	 	89	  
	 9.05
	 	Delegation of Duties	  	 	89	  
	 9.06
	 	Resignation of Administrative Agent	  	 	89	  
	 9.07
	 	Non-Reliance on Administrative Agent and Other Lenders	  	 	90	  
	 9.08
	 	No Other Duties, Etc.	  	 	90	  
	 9.09
	 	Administrative Agent May File Proofs of Claim	  	 	90	  
	 9.10
	 	Collateral and Guaranty Matters	  	 	91	  
		
	ARTICLE X	  			
	MISCELLANEOUS	  			
			
	 10.01
	 	Amendments, Etc.	  	 	92	  
	 10.02
	 	Notices; Effectiveness; Electronic Communications	  	 	93	  

  
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	10.03	 	No Waiver; Cumulative Remedies; Enforcement	  	 	95	  
	10.04	 	Expenses; Indemnity; Damage Waiver	  	 	96	  
	10.05	 	Payments Set Aside	  	 	98	  
	10.06	 	Successors and Assigns	  	 	98	  
	10.07	 	Treatment of Certain Information; Confidentiality	  	 	102	  
	10.08	 	Right of Setoff.	  	 	102	  
	10.09	 	Interest Rate Limitation	  	 	103	  
	10.10	 	Counterparts; Integration; Effectiveness	  	 	103	  
	10.11	 	Survival of Representations and Warranties	  	 	103	  
	10.12	 	Severability	  	 	103	  
	10.13	 	Governing Law; Jurisdiction; Etc.	  	 	104	  
	10.14	 	Waiver of Jury Trial	  	 	105	  
	10.15	 	No Advisory or Fiduciary Responsibility	  	 	105	  
	10.16	 	Electronic Execution of Assignments and Certain Other Documents	  	 	106	  
	10.17	 	USA PATRIOT Act	  	 	106	  
	10.18	 	Judgment Currency	  	 	106	  
	10.19	 	Intercreditor Agreement, the 2015 Note Intercreditor Agreement and the Acknowledgment	  	 	106	  
		
	SIGNATURES	  	 	S-1	  

 SCHEDULES 
  

			
	1.01(a)	 	Closing Date Guarantors
	1.01(b)	 	Immaterial Subsidiaries
	1.01(c)	 	Remediation Properties
	2.01	 	Commitments and Applicable Percentages
	4.01(a)(iv)	 	Part – I Mortgaged Properties
	4.01(a)(iv)	 	Part – II Closing Deliverables
	5.04(d)	 	Inventory Locations
	5.08(b)	 	Owned Real Property
	5.08(c)	 	Leased Real Property
	5.12	 	Employee Matters
	5.13	 	Subsidiaries and Other Equity Investments; Loan Parties
	6.17	 	Post-Closing Matters
	7.01(b)	 	Existing Liens
	7.02	 	Existing Indebtedness
	7.03	 	Existing Investments
	7.05	 	Disposition of Certain Real Property
	7.09	 	Certain Contractual Restrictions
	10.02	 	Administrative Agent’s Office, Certain Addresses for Notices

  
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 EXHIBITS 
  

			
	Form of
		
	 A
	 	Committed Loan Notice
	 B
	 	Term Note
	 C
	 	Compliance Certificate
	 D-1
	 	Assignment and Assumption
	 D-2
	 	Administrative Questionnaire
	 E
	 	Guaranty
	 F
	 	Security Agreement
	 G
	 	Mortgage
	 H
	 	Intellectual Property Security Agreement
	 I
	 	Intercompany Subordination Agreement

  
 v 

 CREDIT AGREEMENT 
 This CREDIT AGREEMENT (“Agreement”) is entered into as of December 21, 2011, among POLYONE CORPORATION, an Ohio corporation (the “Borrower”), each lender from time
to time party hereto (collectively, the “Lenders” and individually, a “Lender”), and BANK OF AMERICA, N.A., as Administrative Agent. 
 PRELIMINARY STATEMENTS: 
 Pursuant to the Agreement and Plan of Merger made
as of September 30, 2011 (the “Merger Agreement”) between the Borrower, 2011 ColorNewton, Inc., a Delaware corporation and wholly-owned subsidiary of the Borrower (the “Merger Sub”), ColorMatrix Group, Inc., a
Delaware corporation (the “Acquired Business”) and Audax ColorMatrix Holdings, LLC, the Borrower has agreed to consummate a merger (the “Merger”) pursuant to which the Acquired Business will merge with the Merger
Sub and will be the surviving corporation (the “Surviving Corporation”) and a wholly owned subsidiary of the Borrower. 
 The Borrower has requested that the Lenders provide a term loan facility, and the Lenders have indicated their willingness to lend on the terms and subject to the conditions set forth herein. 

In consideration of the mutual covenants and agreements herein contained, the parties hereto covenant and agree as follows: 

ARTICLE I 

DEFINITIONS AND ACCOUNTING TERMS 
 1.01 Defined Terms. As used in this Agreement, the following terms shall have the meanings set forth below: 
 “1997 Guaranty” means the Borrower’s guaranty dated December 22, 1997 of the Series G Notes. 
 “1997 Guaranty Documents” means, collectively, the 1997 Guaranty, the Series G Notes and the 1997 Guaranty Collateral Documents. 

“1997 Guaranty Collateral Documents” mean, any security agreement and other “collateral document” that is
executed by a Loan Party for the benefit of the holders of Series G Notes solely to the extent required by and under the terms of the 1997 Guaranty. 
 “2006 Guarantee and Agreement” means the Guarantee and Agreement dated June 6, 2006, among the Borrower, Citicorp USA, Inc., as administrative agent, and the other financial
institutions named therein. 
 “2015 Note Intercreditor Agreement” means the 2015 Note Intercreditor Agreement
dated as of the date hereof between the Administrative Agent and the 2015 Notes Trustee and acknowledged by the Borrower. 

 “2015 Notes” means the 7.50% Debentures due 2015 issued by the Borrower.

 “2015 Note Trustee” means The Bank of New York Mellon Trust Company, N.A., in its capacity as trustee for
the 2015 Notes. 
 “2015 Notes Documents” means, collectively, the 2015 Notes and the 2015 Notes Collateral
Documents. 
 “2015 Notes Collateral Documents” means, any security agreement and other “collateral
document” that is executed by a Loan Party for the benefit of the holders of the 2015 Notes solely to the extent required by and under the terms of the 2015 Notes. 
 “2020 Notes” means the 7.375% Senior Notes due 2020 issued by the Borrower. 
 “ABL Agent” means the administrative agent under the ABL Facility. 
 “ABL Credit Agreement” means the Credit Agreement dated as of the date hereof among the Borrower, PolyOne Canada Inc., a federally incorporated Canadian corporation, the Subsidiaries of
the Borrower from time to time party thereto, Wells Fargo Bank, National Association, as administrative agent thereunder, and the other agents and lenders party thereto as it may be amended or refinanced in accordance with the terms of the
Intercreditor Agreement. 
 “ABL Facility” means the secured loans made and letters of credit issued under the
ABL Loan Documents. 
 “ABL Lender” means a lender under the ABL Credit Agreement. 

“ABL Loan Documents” means the “Loan Documents” (as defined in the ABL Credit Agreement). 

“Account Control Agreement” has the meaning specified in the Security Agreement. 

“Acknowledgment” means the Acknowledgment dated as of the date hereof executed by the Administrative Agent on behalf of
itself and the other Secured Parties in favor of the holders of the Series G Notes. 
 “Acquired Business” has
the meaning specified in the Preliminary Statements. 
 “Acquired Business Audited Financial Statements” means
the audited consolidated balance sheet of the Acquired Business and its Subsidiaries for the fiscal year ended December 31, 2010, and the related consolidated statements of operations, cash flow and shareholders’ equity for such fiscal
year of the Acquired Business and its Subsidiaries, including the notes thereto. 
 “Acquired Business Material Adverse
Effect” means an event, occurrence, or development that has had or would reasonably be expected to have a material adverse effect upon the financial condition, operating results, business or assets of the Acquired Business and its
subsidiaries taken as a whole, except any adverse effect related to or resulting from (a)

  
 2 

 
general business or economic conditions affecting the industry in which the Acquired Business or any of its subsidiaries operates, (b) national or international political or social
conditions, including the engagement by the United States in hostilities or the escalation thereof, whether or not pursuant to the declaration of a national emergency or war, or the occurrence or the escalation of any military or terrorist attack
upon the United States, or any of its territories, possessions, or diplomatic or consular offices or upon any military installation, equipment or personnel of the United States, (c) financial, banking, or securities markets (including any
disruption thereof and any decline in the price of any security or any market index), (d) changes in GAAP, (e) changes in Law, Orders or other binding directives issued by any Governmental Body, (f) the taking of any action
contemplated by the Merger Agreement (including Section 5.03 thereof) or the other agreements contemplated thereby or the announcement of the Merger Agreement, the other agreements contemplated thereby or the transactions contemplated thereby,
or (g) any matter set forth in the disclosure schedules, delivered to the Lead Arrangers on September 30, 2011, to the Merger Agreement to the extent the magnitude of such matter being disclosed is apparent from such disclosure, provided
that any effect in excess of such disclosed magnitude shall be considered for purposes of determining whether a Acquired Business Material Adverse Effect has occurred; provided, that in the case of clauses (a), (b), (c), (d) or (e), such
changes shall not be excluded to the extent that such changes have a materially disproportionate effect on the Acquired Business and its subsidiaries, taken as a whole, compared with other companies in the industry in which the Acquired Business or
any of its subsidiaries operate. As used within the definition of the term “Acquired Business Material Adverse Effect”: (w) “GAAP” means United States generally accepted accounting principles as in effect on
the date hereof, applied in a manner consistent with the Acquired Business’ past practice; (x) “Governmental Body” means any federal, state, local, municipal, foreign or other government or quasi-governmental authority or
any department, agency, commission, board, subdivision, bureau, agency, instrumentality, court or other tribunal of any of the foregoing; (y) “Law” means any foreign, federal, state or local law, statute, code, ordinance, rule
or regulation of any Governmental Body; and (z) “Order” means any order, injunction, judgment, decree, ruling, writ or arbitration award of a Governmental Body. 

“Acquired Indebtedness” means Indebtedness of a Restricted Subsidiary acquired after the Closing Date and Indebtedness
assumed in connection with the acquisition of assets, in each case pursuant to a Permitted Acquisition, which Indebtedness existed at the time of such Permitted Acquisition and was not created in contemplation of such event. 

“Acquisition” has the meaning specified in the definition of “Permitted Acquisition.” 

“Administrative Agent” means Bank of America, N.A. in its capacity as administrative agent under any of the Loan
Documents, or any successor administrative agent. 
 “Administrative Agent’s Office” means the
Administrative Agent’s address and, as appropriate, account as set forth on Schedule 10.02, or such other address or account as the Administrative Agent may from time to time notify to the Borrower and the Lenders. 

“Administrative Questionnaire” means an Administrative Questionnaire in substantially the form of Exhibit D-2 or
any other form approved by the Administrative Agent. 

  
 3 

 “Affiliate” means, with respect to any Person, another Person that
directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified. 
 “Aggregate Commitments” means the Commitments of all the Lenders. 

“Agreement” means this Credit Agreement. 
 “Agreement Currency” has the meaning specified in Section 10.18. 
 “Applicable Percentage” means with respect to any Lender at any time, the percentage (carried out to the ninth decimal place) of the Facility represented by (i) on or prior to the
Closing Date, such Lender’s Commitment at such time and (ii) thereafter, the principal amount of such Lenders’ Loans at such time. The initial Applicable Percentage of each Lender in respect of the Facility is set forth opposite the
name of such Lender on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable. 
 “Applicable Rate” means (a) from the Closing Date to the date on which the Administrative Agent receives a Compliance Certificate pursuant to Section 6.02(a) for the
fiscal quarter ending June 30, 2012, 2.75% per annum for Base Rate Loans and 3.75% per annum for Eurodollar Rate Loans and (b) thereafter, the applicable percentage per annum set forth below determined by reference to the
Consolidated Leverage Ratio as set forth in the most recent Compliance Certificate received by the Administrative Agent pursuant to Section 6.02(a): 
 Applicable Rate 
  

											
	 Pricing Level
	  	 Consolidated Leverage Ratio
	  	Eurodollar
Rate	 	 	Base
Rate	 
	 1
	  	Greater than 2.25x	  	 	3.75	% 	 	 	2.75	% 
	 2
	  	Less than or equal to 2.25x	  	 	3.50	% 	 	 	2.50	% 

 Any increase or decrease in the Applicable Rate resulting from a change in the Consolidated Leverage
Ratio shall become effective as of the first Business Day immediately following the date a Compliance Certificate is delivered pursuant to Section 6.02(a); provided, however, that upon the request of the Required Lenders Pricing
Level 1 shall apply in respect of the Facility (i) if a Compliance Certificate is not delivered when due in accordance with such Section, then, as of the first Business Day after the date on which such Compliance Certificate was required to
have been delivered and in each case shall remain in effect until the date on which such Compliance Certificate is delivered and (ii) as of the first Business Day after an Event of Default under Article VIII shall have occurred and be
continuing and the Administrative Agent has notified the Borrower that Pricing Level 1 pricing applies, and shall continue to so apply to but excluding the date on which such Event of Default shall cease to be continuing (and thereafter the Level
otherwise determined in accordance with this definition shall apply). 

  
 4 

 Notwithstanding anything to the contrary contained in this definition, the determination of the Applicable
Rate for any period shall be subject to the provisions of Section 2.08(b). 
 “Approved Fund” means
any Fund that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a Lender. 

“Assignee Group” means two or more Eligible Assignees that are Affiliates of one another or two or more Approved Funds
managed by the same investment advisor. 
 “Assignment and Assumption” means an assignment and assumption
entered into by a Lender and an Eligible Assignee (with the consent of any party whose consent is required by Section 10.06(b)), and accepted by the Administrative Agent, in substantially the form of Exhibit D-1 or any other form
approved by the Administrative Agent. 
 “Attributable Indebtedness” means, on any date, (a) in respect of
any Capitalized Lease of any Person, the capitalized amount thereof that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP, (b) in respect of any Synthetic Lease Obligation, the capitalized amount
of the remaining lease or similar payments under the relevant lease or other applicable agreement or instrument that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP if such lease or other agreement or
instrument were accounted for as a Capitalized Lease and (c) all Synthetic Debt of such Person. 
 “Audited
Financial Statements” means the audited consolidated balance sheet of the Borrower and its Subsidiaries for the fiscal year ended December 31, 2010, and the related consolidated statements of income or operations, shareholders’
equity and cash flows for such fiscal year of the Borrower and its Subsidiaries, including the notes thereto. 

“Available Amount” means, on any date, an amount equal to (a) 50% of the Consolidated Net Income for all fiscal
quarters of the Borrower for which Consolidated Net Income is positive and that have ended after the Closing Date (commencing with the fiscal quarter ending on December 31, 2011) and prior to such date for which financial statements shall have
been delivered to the Administrative Agent pursuant to Section 6.01(a) or 6.01(b) (treated as one continuous accounting period), less 100% of the Consolidated Net Income for all fiscal quarters of the Borrower for which
Consolidated Net Income is negative and that have ended after the Closing Date (commencing with the fiscal quarter ending on December 31, 2011) and prior to such date for which financial statements shall have been delivered to the
Administrative Agent pursuant to Section 6.01(a) or 6.01(b) (treated as one continuous accounting period), minus (b) the portion of the Available Amount previously utilized pursuant to Sections 7.03(o), 7.06(g)
and/or Section 7.15). 
 “Bank of America” means Bank of America, N.A. and its successors.

 “Base Rate” means for any day a fluctuating rate per annum equal to the highest of (a) the Federal
Funds Rate plus 1/2 of 1%, (b) the rate of interest in effect for such day as publicly announced from time to time by Bank of America as its “prime rate”, (c) the Eurodollar Rate plus 1.00% and (d) 2.25%. The
“prime rate” is a rate set by Bank of America based upon various factors including Bank of America’s costs and desired return, general economic 

  
 5 

 
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 rate announced by Bank of
America shall take effect at the opening of business on the day specified in the public announcement of such change. 

“Base Rate Loan” means a Loan that bears interest based on the Base Rate. 

“Borrower” has the meaning specified in the introductory paragraph hereto. 

“Borrower Materials” has the meaning specified in Section 6.02. 

“Borrowing” means a borrowing consisting of simultaneous Loans of the same Type and, in the case of Eurodollar Rate
Loans, having the same Interest Period made by each of the Lenders pursuant to Section 2.01. 
 “Business
Day” means any day other than a Saturday, Sunday or other day on which commercial banks are authorized to close under the Laws of, the state where the Administrative Agent’s Office is located and, if such day relates to any Eurodollar
Rate Loan, means any such day that is also a London Banking Day. 
 “Canadian Maximum Credit” has the meaning
specified in the ABL Credit Agreement. 
 “Capital Expenditures” means, with respect to any Person for any
period, any expenditure in respect of the purchase or other acquisition of any fixed or capital asset (excluding (i) normal replacements and maintenance which are properly charged to current operations (ii) any such expenditure to the
extent constituting a Permitted Acquisition or made with the proceeds of any Disposition (so long as such proceeds are applied (or committed to be applied pursuant to a written purchase order or contract) within one year of such sale),
(iii) expenditures made from insurance proceeds or condemnation awards, and (iv) expenditures that are accounted for as capital expenditures of such Person and that are actually paid for by a non-Affiliate third party). 

“Capitalized Leases” means all leases that have been or should be, in accordance with GAAP, recorded as capitalized
leases, provided that “Capitalized Leases” shall not include any former operating leases which are treated as capital leases solely as a result of any change in GAAP described in the Proposed Accounting Standard Update to Leases
(Topic 840) dated August 17, 2010 or similar change, in each case after the date of this Agreement. 
 “Cash
Equivalents” means any of the following Investments: (i) securities issued or directly and fully guaranteed or insured by the United States or any agency or instrumentality thereof (provided that the full faith and credit of the
United States is pledged in support thereof) maturing not more than one year after the date of acquisition; (ii) time deposits in and certificates of deposit of any Eligible Bank, provided that such Investments have a maturity date not
more than two years after date of acquisition and that the weighted average life to maturity of all such Investments is one year or less from the respective dates of acquisition; (iii) repurchase obligations with a term of not more than 180
days for underlying securities of the types described in clause (i) above entered into with any Eligible Bank; (iv) direct obligations issued by any state of the United States or any political subdivision or public instrumentality thereof,
provided that such Investments mature, or are subject to tender at the option of the holder thereof, within 365 

  
 6 

 
days after the date of acquisition and, at the time of acquisition, have a rating of at least A from S&P or A-2 from Moody’s (or an equivalent rating by any other nationally recognized
rating agency); (v) commercial paper of any Person other than an Affiliate of the Borrower and other than structured investment vehicles, provided that such Investments have one of the two highest ratings obtainable from either S&P
or Moody’s and mature within 180 days after the date of acquisition; (vi) overnight and demand deposits in and bankers’ acceptances of any Eligible Bank and demand deposits in any bank or trust company to the extent insured by the
Federal Deposit Insurance Corporation against the Bank Insurance Fund; (vii) money market funds substantially all of the assets of which comprise Investments of the types described in clauses (i) through (vi); (viii) instruments
equivalent to those referred to in clauses (i) through (vi) above or funds equivalent to those referred to in clause (vii) above denominated in U.S. dollars, Euros or any other foreign currency comparable in credit quality and tenor
to those referred to in such clauses and customarily used by corporations for cash management purposes in jurisdictions outside the United States to the extent reasonably required in connection with any business conducted by any Restricted
Subsidiary organized in such jurisdiction, all as determined in good faith by the Borrower; and (ix) investments with guaranteed principal approved by the board of directors of the Borrower, including investments in GE Interest Plus.
“Eligible Bank” means a Lender or any Affiliate of a Lender or such other bank or trust company that (i) is licensed, chartered or organized and existing under the laws of the United States of America or Canada, or any state,
territory, province or possession thereof, (ii) as of the time of the making or acquisition of an Investment in such bank or trust company, has combined capital and surplus in excess of $500.0 million and (iii) the senior Indebtedness of
which is rated at least “A-2” by Moody’s or at least “A” by S&P. 
 “CERCLA” means
the Comprehensive Environmental Response, Compensation and Liability Act of 1980. 
 “CERCLIS” means the
Comprehensive Environmental Response, Compensation and Liability Information System maintained by the U.S. Environmental Protection Agency. 
 “CFC” means a Person that is a controlled foreign corporation under Section 957 of the Code. 
 “Change in Law” means the occurrence, after the date of this Agreement, of any of the following: (a) the adoption or taking effect of any law, rule, regulation or treaty,
(b) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation or application thereof by any Governmental Authority or (c) the making or issuance of any request, rule, guideline or directive
(whether or not having the force of law) by any Governmental Authority; provided that notwithstanding anything herein to the contrary, (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines
or directives thereunder or issued in connection therewith and (y) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar
authority) or the United States regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a “Change in Law”, regardless of the date enacted, adopted or issued. 

“Change of Control” means an event or series of events by which: 

  
 7 

 (a) any “person” or “group” (as such terms are used in
Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, but excluding any employee benefit plan of such person or its subsidiaries, and any person or entity acting in its capacity as trustee, agent or other fiduciary or administrator of any
such plan) becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Securities Exchange Act of 1934, except that a person or group shall be deemed to have “beneficial ownership” of all securities that such
person or group has the right to acquire, whether such right is exercisable immediately or only after the passage of time (such right, an “option right”)), directly or indirectly, of 30% or more of the equity securities of the
Borrower entitled to vote for members of the board of directors or equivalent governing body of the Borrower on a fully-diluted basis (and taking into account all such securities that such “person” or “group” has the right to
acquire pursuant to any option right); or 
 (b) during any period of 12 consecutive months, a majority of the
members of the board of directors or other equivalent governing body of the Borrower cease to be composed of individuals (i) who were members of that board or equivalent governing body on the first day of such period, (ii) whose election
or nomination to that board or equivalent governing body was approved by individuals referred to in clause (i) above constituting at the time of such election or nomination at least a majority of that board or equivalent governing body or
(iii) whose election or nomination to that board or other equivalent governing body was approved by individuals referred to in clauses (i) and (ii) above constituting at the time of such election or nomination at least a majority of
that board or equivalent governing body (excluding, in the case of both clause (ii) and clause (iii), any individual whose initial nomination for, or assumption of office as, a member of that board or equivalent governing body occurs as a
result of an actual or threatened solicitation of proxies or consents for the election or removal of one or more directors by any person or group other than a solicitation for the election of one or more directors by or on behalf of the board of
directors); or 
 (c) a “change of control” or any comparable term under, and as defined in, the ABL
Credit Agreement, the 1997 Guaranty, the 2015 Notes, the 2020 Notes or other Indebtedness outstanding in an aggregate principal amount in excess of the Threshold Amount shall have occurred. 

“Closing Date” means the first date all the conditions precedent in Section 4.01 are satisfied or waived in
accordance with Section 10.01. 
 “Closing Date Representations” means collectively, the Specified
Representations and such of the representations made by or with respect to the Acquired Business in the Merger Agreement as are material to the interests of the Lenders, but only to the extent that the Borrower has the right to terminate its
obligations under the Merger Agreement or decline to consummate the Merger as a result of a breach or inaccuracy of such representations in the Merger Agreement. 
 “Code” means the Internal Revenue Code of 1986, as amended. 

  
 8 

 “Collateral” means all of the “Collateral” and
“Mortgaged Property” referred to in the Collateral Documents and all of the other property that is or is intended under the terms of the Collateral Documents to be subject to Liens in favor of the Administrative Agent for the
benefit of the Secured Parties. 
 “Collateral Documents” means, collectively, the Security Agreement, the
Intellectual Property Security Agreement, each Account Control Agreement and Securities Account Control Agreement, Security Agreement Supplements, the Mortgages, each of the mortgages, collateral assignments, intellectual property security agreement
supplements, security agreements, pledge agreements or other similar agreements delivered to the Administrative Agent pursuant to Section 6.12, and each of the other agreements, instruments or documents that creates or purports to create
a Lien in favor of the Administrative Agent for the benefit of the Secured Parties. 
 “Commitment” means, as
to each Lender, its obligation to make Loans to the Borrower pursuant to Section 2.01 in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule
2.01 under the caption “Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this
Agreement. 
 “Committed Loan Notice” means a notice of (a) a Borrowing, (b) a conversion of Loans
from one Type to the other, or (c) a continuation of Eurodollar Rate Loans, pursuant to Section 2.02(a), which, if in writing, shall be substantially in the form of Exhibit A. 

“Compliance Certificate” means a certificate substantially in the form of Exhibit C. 

“Consolidated Current Assets” means, with respect to any Person and its Restricted Subsidiaries on a consolidated basis,
all assets that, in accordance with GAAP, would be classified as current assets on the consolidated balance sheet of such Person, after deducting appropriate and adequate reserves therefrom in each case in which a reserve is proper in accordance
with GAAP, but excluding cash, Cash Equivalents and Swap Contracts to the extent that the mark-to-market Swap Termination Value would be reflected as an asset on the consolidated balance sheet of such Person. 

“Consolidated Current Liabilities” means, with respect to any Person and its Restricted Subsidiaries on a consolidated
basis, all liabilities in accordance with GAAP that would be classified as current liabilities on the consolidated balance sheet of such Person, but excluding the current portion of Indebtedness (including the Swap Termination Value of any Swap
Contracts) to the extent reflected as a liability on the consolidated balance sheet of such Person. 
 “Consolidated
EBITDA” means, at any date of determination, an amount equal to Consolidated Net Income of the Borrower and its Restricted Subsidiaries on a consolidated basis for the most recently completed Measurement Period plus (a) the
following to the extent deducted in calculating such Consolidated Net Income: (i) Consolidated Interest Charges, (ii) the provision for Federal, state, local and foreign income taxes payable, (iii) depreciation and amortization
expense, (iv) other non-recurring expenses reducing such Consolidated Net Income, of which cash items do not to exceed 3% of Consolidated EBITDA for such Measurement Period 

  
 9 

 
(as certified by a Responsible Officer and calculated without taking into account any of the addbacks for cash items set forth in this clause (iv)), (v) non-cash compensation expense
in respect of stock option plans, restricted stock and other employee equity compensation plans, (vi) non-cash goodwill or other intangible asset impairment charges and write-offs of goodwill and other intangible assets, in each case, pursuant
to ASC 350 or any similar rule announced by the Financial Accounting Standards Board, (vii) fees and expenses (including without limitation, prepayment fees and expenses associated with the repayment, redemption or discharge of any indebtedness
of the Acquired Business) incurred in connection with (A) if incurred prior to or within 90 days after the Closing Date, the Transaction, or (B) this Agreement and the other Loan Documents related to amendments and waivers thereof,
including any legal fees in connection therewith, (viii) non-cash restructuring charges, (ix) non-cash effects of changes in accounting principles, (x) losses from asset sales not in the ordinary course of business, (xi) non-cash
losses on the early extinguishment of Indebtedness, (xii) non-cash purchase accounting charges required by ASC 805 or any similar rule announced by the Financial Accounting Standards Board, (xiii) non-cash unrealized losses and charges
with respect to Swap Contracts, including such losses and charges which arise from foreign currency losses, (xiv) other non-cash items to the extent such non-cash items are not accruals for future payments, (xv) foreign currency
translation losses, (xvi) non-recurring cash costs and expenses relating to the assimilation and integration of the Acquired Business incurred on or prior to February 28, 2013 in an aggregate amount not to exceed $5,000,000, and
(xvii) environmental remediation costs and expenses not to exceed $7,000,000 per fiscal year (provided that any portion of such amount that is not used in a particular fiscal year may be carried over to succeeding fiscal years) related
to the Remediation Properties (in each case, of or by the Borrower and its Restricted Subsidiaries for such Measurement Period); and minus (b) the following to the extent included in calculating such Consolidated Net Income:
(i) Federal, state, local and foreign income tax credits; (ii) interest income, (ii) any gains from asset sales not in the ordinary course of business, (iii) non-cash effects of changes in accounting principles,
(iv) non-cash gains on the early extinguishment of Indebtedness, (v) non-cash unrealized gains with respect to Swap Contracts, (vi) other non-cash income or gains, and (vii) foreign currency translation gains (in each case of or
by the Borrower and its Restricted Subsidiaries for such Measurement Period). 
 “Consolidated Funded
Indebtedness” means, as of any date of determination, for the Borrower and its Restricted Subsidiaries on a consolidated basis, without duplication, the sum of (i) Indebtedness of the type described in clauses (a), (d), (f) and
(g) of the definition of “Indebtedness”, (ii) without duplication, all Guarantees with respect to outstanding Indebtedness of the types specified in clause (i) above of Persons other than the Borrower or any Restricted
Subsidiary, and (c) all Indebtedness of the types referred to in clauses (i) and (ii) above of any partnership or joint venture (other than a joint venture that is itself a corporation or limited liability company) in which the
Borrower or a Restricted Subsidiary is a general partner or joint venturer, unless such Indebtedness is expressly made non-recourse to the Borrower or such Restricted Subsidiary or would not appear on the consolidated balance sheet of such Person.

 “Consolidated Interest Charges” means, for any Measurement Period, the consolidated interest expense of such
Person, whether paid or accrued (including capitalized interest), with respect to Consolidated Funded Indebtedness, excluding, to the extent related to the Transaction, all prepayment of any original issue discount and all upfront and arrangement
fees due and 

  
 10 

 
payable on the Closing Date and all prepayment fees and expenses associated with the repayment, redemption or discharge of any indebtedness of the Acquired Business. 

“Consolidated Interest Coverage Ratio” means, as of any date of determination, the ratio of (a) Consolidated EBITDA
to (b) Consolidated Interest Charges, in each case, of the Borrower and its Subsidiaries on a consolidated basis for the most recently completed Measurement Period. 
 “Consolidated Leverage Ratio” means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness as of such date to (b) Consolidated EBITDA of the
Borrower and its Restricted Subsidiaries on a consolidated basis for the most recently completed Measurement Period. 

“Consolidated Net Income” means, at any date of determination, the net income (or loss) of the Borrower and its
Restricted Subsidiaries on a consolidated basis for the most recently completed Measurement Period; provided that Consolidated Net Income shall exclude (a) extraordinary gains and extraordinary losses (and any associated tax benefits or
costs) for such Measurement Period, (b) gains or losses in respect of Dispositions (net of fees and expenses relating to the transaction giving rise thereto), on an after-tax basis and (c) the net income of any Subsidiary during such
Measurement Period to the extent that the declaration or payment of dividends or similar distributions by such Subsidiary of such income is not permitted by operation of the terms of its Organization Documents or any agreement, instrument or Law
applicable to such Subsidiary during such Measurement Period, except that the Borrower’s equity in any net loss of any such Subsidiary for such Measurement Period shall be included in determining Consolidated Net Income. 

“Contractual Obligation” means, as to any Person, any provision of any security issued by such Person or of any
agreement, instrument or other undertaking to which such Person is a party or by which it or any of its property is bound. 

“Control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management
or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled” have meanings correlative thereto. 

“Credit Extension” means a Borrowing. 
 “Debt Rating” means, as of any date of determination, the rating as determined by either S&P or Moody’s of the Borrower’s non-credit-enhanced, senior unsecured long-term
debt. 
 “Debtor Relief Laws” means the Bankruptcy Code of the United States, and all other liquidation,
conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or other applicable jurisdictions from time to time in
effect and affecting the rights of creditors generally. 
 “Default” means any event or condition that
constitutes an Event of Default or that, with the giving of any notice, the passage of time, or both, would be an Event of Default. 

  
 11 

 “Default Rate” means an interest rate equal to (i) the Base Rate
plus (ii) the Applicable Rate, if any, applicable to Base Rate Loans under the Facility plus (iii) 2% per annum; provided, however, that with respect to a Eurodollar Rate Loan, the Default Rate shall be an
interest rate equal to the interest rate (including any Applicable Rate) otherwise applicable to such Loan plus 2% per annum. 
 “Defaulting Lender” means, subject to Section 2.12(b), any Lender that, as determined by the Administrative Agent, (a) has failed to perform any of its funding
obligations hereunder, including in respect of its Loans within one Business Days of the date required to be funded by it hereunder, (b) has notified the Borrower, or the Administrative Agent or any Lender that it does not intend to comply with
its funding obligations or has made a public statement to that effect with respect to its funding obligations hereunder or generally under other agreements in which it commits to extend credit, (c) has failed, within one Business Days after
request by the Administrative Agent, to confirm in a manner satisfactory to the Administrative Agent that it will comply with its funding obligations, or (d) has, or has a direct or indirect parent company that has, (i) become the subject
of a proceeding under any Debtor Relief Law, (ii) had a receiver, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or a custodian appointed
for it, or (iii) taken any action in furtherance of, or indicated its consent to, approval of or acquiescence in any such proceeding or appointment; provided that a Lender shall not be a Defaulting Lender solely by virtue of the
ownership or acquisition of any equity interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority. 
 “Deposit Account” means any deposit account (as that term is defined in the UCC). 
 “Disposition” or “Dispose” means the sale, transfer, license, lease or other disposition (including any sale and leaseback transaction) of any property by any Person,
including any sale, assignment, transfer or other disposal, with or without recourse, of any notes or accounts receivable or any rights and claims associated therewith. 
 “Disqualified Equity Interests” means any Equity Interest which, by its terms (or by the terms of any security or other Equity Interests into which it is convertible or for which it is
exchangeable), or upon the happening of any event or condition (a) matures or is mandatorily redeemable (other than solely for Equity Interests which are not otherwise Disqualified Equity Interests), pursuant to a sinking fund obligation or
otherwise, (b) is redeemable at the option of the holder thereof (other than solely for Equity Interests which are not otherwise Disqualified Equity Interests), in whole or in part, (c) provides for the scheduled payments of dividends in
cash, or (d) is or becomes convertible into or exchangeable for Indebtedness or any other Equity Interests that would constitute Disqualified Equity Interests, in each case, prior to the date that is 91 days after the Maturity Date. 

“Dollar” and “$” mean lawful money of the United States. 

“Domestic Subsidiary” means any Subsidiary that is organized under the laws of any political subdivision of the United
States. 

  
 12 

 “Eligible Assignee” means any Person that meets the requirements to be an
assignee under Section 10.06(b)(iii), (v) and (vi) (subject to such consents, if any, as may be required under Section 10.06(b)(iii)). 

“Environmental Laws” means any and all Federal, state, local, and foreign statutes, laws, regulations, ordinances,
rules, judgments, orders, decrees, permits, concessions, grants, franchises, licenses, agreements or governmental restrictions relating to pollution and the protection of the environment or the release of any materials into the environment,
including those related to hazardous substances or wastes, air emissions and discharges to waste or public systems. 

“Environmental Liability” means any liability, contingent or otherwise (including any liability for damages, costs of
environmental remediation, fines, penalties or indemnities), of the Borrower, any other Loan Party or any of their respective Subsidiaries directly or indirectly resulting from or based upon (a) violation of any Environmental Law, (b) the
generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened release of any Hazardous Materials into the environment or
(e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing. 
 “Environmental Permit” means any permit, approval, identification number, license or other authorization required under any Environmental Law. 

“Equity Interests” means, with respect to any Person, all of the shares of capital stock of (or other ownership or
profit interests in) such Person, all of the warrants, options or other rights for the purchase or acquisition from such Person of shares of capital stock of (or other ownership or profit interests in) such Person, all of the securities convertible
into or exchangeable for shares of capital stock of (or other ownership or profit interests in) such Person or warrants, rights or options for the purchase or acquisition from such Person of such shares (or such other interests), and all of the
other ownership or profit interests in such Person (including partnership, member or trust interests therein), whether voting or nonvoting, and whether or not such shares, warrants, options, rights or other interests are outstanding on any date of
determination. 
 “ERISA” means the Employee Retirement Income Security Act of 1974. 

“ERISA Affiliate” means any trade or business (whether or not incorporated) under common control with the Borrower
within the meaning of Section 414(b) or (c) of the Code (and Sections 414(m) and (o) of the Code for purposes of provisions relating to Section 412 of the Code). 

“ERISA Event” means (a) a Reportable Event with respect to a Pension Plan; (b) the withdrawal of the Borrower
or any ERISA Affiliate from a Pension Plan subject to Section 4063 of ERISA during a plan year in which such entity was a “substantial employer” as defined in Section 4001(a)(2) of ERISA or a cessation of operations that is
treated as such a withdrawal under Section 4062(e) of ERISA; (c) a complete or partial withdrawal by the Borrower or any ERISA Affiliate from a Multiemployer Plan or notification to the Borrower or any ERISA Affiliate that a Multiemployer
Plan is in reorganization; (d) the filing of a notice of intent to 

  
 13 

 
terminate a Pension Plan, or the treatment of a Pension Plan amendment as a termination under Section 4041 or 4041A of ERISA; (e) the institution by the PBGC of proceedings to terminate
a Pension Plan; (f) any event or condition which constitutes grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Pension Plan; (g) the determination that any Pension Plan is
considered an at-risk plan or a plan in endangered or critical status within the meaning of Sections 430, 431 and 432 of the Code or Sections 303, 304 or 305 of ERISA; or (h) the imposition of any liability under Title IV of ERISA, other
than for PBGC premiums due but not delinquent under Section 4007 of ERISA, upon the Borrower or any ERISA Affiliate. 

“Eurodollar Rate” means, for any Interest Period with respect to a Eurodollar Rate Loan, the rate per annum equal to
equal to the greater of (a) 1.25% and (b) (i) the British Bankers Association LIBOR Rate (“BBA LIBOR”), as published by Reuters (or such other commercially available source providing quotations of BBA LIBOR as may be
designated by the Administrative Agent from time to time) at approximately 11:00 a.m., London time, two London Banking Days prior to the commencement of such Interest Period, for Dollar deposits (for delivery on the first day of such Interest
Period) with a term equivalent to such Interest Period or (ii) if such rate is not available at such time for any reason, the rate per annum determined by the Administrative Agent to be the rate at which deposits in Dollars for delivery on the
first day of such Interest Period in same day funds in the approximate amount of the Eurodollar Rate Loan being made, continued or converted by Bank of America and with a term equivalent to such Interest Period would be offered by Bank of
America’s London Branch to major banks in the London interbank eurodollar market at their request at approximately 11:00 a.m. (London time) two London Banking Days prior to the commencement of such Interest Period. 

“Eurodollar Rate Loan” means a Loan that bears interest at a rate based on the Eurodollar Rate. 

“Event of Default” has the meaning specified in Section 8.01. 

“Excess Cash Flow” means, for any fiscal year, Consolidated Net Income plus any non-cash charges deducted in
calculating Consolidated Net Income plus the reversal, during such fiscal year, of any reserve established pursuant to clause (c) or (d) below, minus, without duplication: 

(a) scheduled principal payments in respect of Indebtedness of the Borrower or any Restricted Subsidiary, in each case
made with Internally Generated Cash during such fiscal year; 
 (b) Capital Expenditures made with Internally
Generated Cash during such fiscal year; 
 (c) Capital Expenditures that the Borrower or any of its Restricted
Subsidiaries shall, during such fiscal year, become obligated to make but that are not made during such fiscal year; 
 (d) the amount of cash income Taxes actually paid in such period (or that will be paid within six months after the last day of such fiscal year and for which reserves, to

  
 14 

 
the extent required by GAAP, have been established) to the extent they exceed the amount of Tax expense deducted in determining Consolidated Net Income for such period; 

(e) decrease (as a negative amount) in the Net Working Capital for such period; 

(f) increase in the Net Working Capital for such period; 

(g) any cash items of expense not deducted in calculating Consolidated Net Income; 

(h) any non-cash gains to the extent included in the calculation of Consolidated Net Income; 

(i) cash contributions to Pension Plans made in such period; and 

(j) amounts paid in cash for, and fees and expenses incurred in connection with, the Juffali Investment or any Permitted
Acquisition after the date hereof (whether or not successful). 
 “Excluded Subsidiary” means (a) any CFC
if the pledge of its assets or more than 65% of its voting shares in favor of the Administrative Agent would result in adverse tax consequences to the Borrower, (b) any Subsidiary of a CFC, (c) any Subsidiary that is a disregarded entity
for United States federal income tax purposes and holds no material assets except the Equity Interests of a CFC, and (d) each Immaterial Subsidiary. 
 “Excluded Taxes” means, with respect to the Administrative Agent, any Lender or any other recipient of any payment to be made by or on account of any obligation of the Borrower hereunder,
(a) taxes imposed on or measured, by its revenue, net income (however denominated), net assets, capital or net worth and franchise taxes imposed on it in lieu of net income taxes thereof, by the jurisdiction (or any political subdivision
thereof) (i) under the Laws of which such recipient is organized, (ii) in which its principal office is located or, in the case of any Foreign Lender, in which its principal Lending Office is located, (b) any branch profits taxes
imposed by the United States or any similar tax imposed by any other jurisdiction in which the Borrower is located, (c) any U.S. federal backup withholding tax that is required by the Code to be withheld from amounts payable to a Lender that
has failed to comply with clause (A) of Section 3.01(e)(ii), (d) in the case of a Foreign Lender, any United States federal withholding tax that (i) is required to be imposed on amounts payable to such Foreign
Lender pursuant to the Laws in force at the time such Foreign Lender becomes a party hereto (or designates a new Lending Office) or (ii) is attributable to such Foreign Lender’s failure or inability (other than as a result of a Change in
Law after the date such Foreign Lender became a party hereto) to comply with clause (B) of Section 3.01(e), except to the extent that such Foreign Lender (or its assignor, if any) was entitled, at the time of designation of a new
Lending Office (or assignment), to receive additional amounts from the Borrower with respect to such withholding tax pursuant to Section 3.01(a)(ii) or 3.01(c), (e) in the case of a Foreign Lender, any United States
federal withholding taxes imposed on amounts payable to such Foreign Lender as a result of such Foreign Lender’s failure to comply with FATCA to establish a complete exemption from 

  
 15 

 
withholding thereunder, and (f) any Taxes that would not have been imposed but for a present or former connection other than as a result of the Loan Documents or taking any action
contemplated thereunder between the Lender or Administrative Agent, as the case may be, and the jurisdiction imposing such taxes. 
 “Existing Credit Agreement” means the Amended and Restated Credit Agreement, dated as of April 4, 2007, by and among The ColorMatrix Corporation, ColorMatrix UK Holdings Ltd.,
certain of their affiliates, the lenders party thereto, General Electric Capital Corporation, as US Agent and GE Corporate Finance SAS, as European Agent, and the other agreements, documents and instruments executed in connection therewith.

 “Existing Securitization Facility” means the Second Amended and Restated Receivables Purchase Agreement,
dated as of June 26, 2007, by and among PolyOne Funding Corporation, as seller, the Borrower, as servicer, the banks and other financial institutions party thereto, as purchasers and Citicorp U.S.A, Inc., as agent, and the other agreements,
documents and instruments executed in connection therewith. 
 “Existing Subordinated Loan Agreement” means the
Senior Subordinated Loan Agreement, dated as of April 4, 2007, by and among The ColorMatrix Corporation, ColorMatrix UK Holdings, Ltd., the other credit parties thereto, OFS Agency Services, LLC, as US Agent and European Agent and the lenders
party thereto. 
 “Facility” means, at any time, (a) on or prior to the Closing Date, the Aggregate
Commitments at such time and (b) thereafter, the aggregate principal amount of the Loans of all Lenders outstanding at such time. 
 “FASB ASC” means the Accounting Standards Codification of the Financial Accounting Standards Board. 
 “FATCA” means Sections 1471, 1472, 1473 and 1474 of the Code, the United States Treasury Regulations promulgated thereunder and published guidance with respect thereto. 

“Federal Funds Rate” means, for any day, the rate per annum equal to the weighted average of the rates on overnight
Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day, as published by the Federal Reserve Bank of New York on the Business Day next succeeding such day; provided that (a) if
such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business Day, and (b) if no such rate is so published on such
next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate (rounded upward, if necessary, to a whole multiple of 1/100 of 1%) charged to Bank of America on such day on such transactions as determined by the
Administrative Agent. 
 “Fee Letter” means the letter agreement, dated September 30, 2011, among the
Borrower, the Administrative Agent and the Lead Arrangers. 
 “Foreign Lender” means any Lender that is
organized under the Laws of a jurisdiction other than that in which the Borrower is resident for tax purposes. For purposes of this 

  
 16 

 
definition, the United States, each State thereof and the District of Columbia shall be deemed to constitute a single jurisdiction. 

“Foreign Subsidiary” means any Subsidiary that is not a Domestic Subsidiary. 

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

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

“GAAP” means generally accepted accounting principles in the United States set forth in the opinions and pronouncements
of the Accounting Principles Board and the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or such other principles as may be approved by a significant segment of the
accounting profession in the United States, that are applicable to the circumstances as of the date of determination, consistently applied. 
 “Governmental Authority” means the government of the United States or any other nation, or of any political subdivision thereof, whether state or local, and any agency, authority,
instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government (including any supra-national bodies such as
the European Union or the European Central Bank). 
 “Guarantee” means, as to any Person, (a) any
obligation, contingent or otherwise, of such Person guaranteeing or having the economic effect of guaranteeing any Indebtedness or other obligation payable or performable by another Person (the “primary obligor”) in any manner,
whether directly or indirectly, and including any obligation of such Person, direct or indirect, (i) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation, (ii) to purchase or
lease property, securities or services for the purpose of assuring the obligee in respect of such Indebtedness or other obligation of the payment or performance of such Indebtedness or other obligation, (iii) to maintain working capital, equity
capital or any other financial statement condition or liquidity or level of income or cash flow of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation, or (iv) entered into for the purpose of
assuring in any other manner the obligee in respect of such Indebtedness or other obligation of the payment or performance thereof or to protect such obligee against loss in respect thereof (in whole or in part), or (b) any Lien on any assets
of such Person securing any Indebtedness or other obligation of any other Person, whether or not such Indebtedness or other obligation is assumed by such Person (or any right, contingent or otherwise, of any holder of such Indebtedness to obtain any
such Lien). The amount of any Guarantee shall be deemed to be an amount equal to the stated or determinable amount of the related primary obligation, or portion thereof, in respect of which such Guarantee is made or, if not stated or determinable,
the maximum reasonably anticipated liability in respect thereof as determined by the guaranteeing Person in good faith. The term “Guarantee” as a verb has a corresponding meaning. 

  
 17 

 “Guarantors” means, collectively, the Subsidiaries of the Borrower listed
on Schedule 1.01(a) and each other Subsidiary of the Borrower that shall be required to execute and deliver a guaranty or guaranty supplement pursuant to Section 6.12. 

“Guaranty” means, collectively, the Guaranty made by the Guarantors in favor of the Secured Parties, substantially in
the form of Exhibit E, together with each other guaranty and guaranty supplement delivered pursuant to Section 6.12. 
 “Hazardous Materials” means all explosive or radioactive substances or wastes and all hazardous or toxic substances, wastes or other pollutants, including petroleum or petroleum
distillates, asbestos or asbestos-containing materials, polychlorinated biphenyls, radon gas, infectious or medical wastes and all other substances or wastes of any nature regulated pursuant to any Environmental Law. 

“Immaterial Subsidiary” means any subsidiary of the Borrower set forth on Schedule 1.01(b) (as may be amended
from time to time by notice from the Borrower to the Administrative Agent), provided that any Subsidiary designated as an Immaterial Subsidiary (a) did not, as of the last day of the fiscal quarter of the Borrower most recently ended,
have assets with a value in excess of 3.0% of total assets or revenues representing in excess of 3.0% of total revenues of the Borrower and its Subsidiaries, in each case, on a consolidated basis as of such date, and (b) taken together with all
Immaterial Subsidiaries as of the last day of the fiscal quarter of the Borrower most recently ended, did not have assets with a value in excess of 7.50% of total assets or revenues representing in excess of 7.50% of total revenues of the Borrower
and its Subsidiaries, in each case, on a consolidated basis as of such date; provided further that any Subsidiary designated as an Immaterial Subsidiary shall not conduct either manufacturing or sales activities. 

“Incurrence Test” means, as of any date of determination, (a) on a Pro Forma Basis after giving effect to the
proposed transaction, (i) the Consolidated Interest Coverage Ratio of the Borrower for the four Fiscal Quarter period most recently ended for which the Borrower shall have delivered, or shall have been required to deliver, financial statements
in accordance with Section 6.01, shall be at least 0.25x higher than the Consolidated Interest Coverage Ratio for the applicable period set forth in Section 7.11(a) (i.e. if the required ratio in Section 7.11(a)
is 4.00 to 1.00, the requirement for purposes of determining the permissibility of the proposed transaction shall be 4.25 to 1.00) and (ii) the Consolidated Leverage Ratio of the Borrower for the four Fiscal Quarter period most recently ended
for which the Borrower shall have delivered, or shall have been required to deliver, financial statements in accordance with Section 6.01, shall be at least 0.25x lower than the Consolidated Leverage Ratio for the applicable period set
forth in Section 7.11(b) (i.e. if the required ratio in Section 7.11(b) is 3.50 to 1.00, the requirement for purposes of determining the permissibility of the proposed transaction shall be 3.25 to 1.00), and (b) the
Liquidity of the Loan Parties will be greater than or equal to the Liquidity Threshold. 
 “Indebtedness”
means, as to any Person at a particular time, without duplication, all of the following, whether or not included as indebtedness or liabilities in accordance with GAAP: 

  
 18 

 (a) all obligations of such Person for borrowed money and all obligations of
such Person evidenced by bonds (other than surety or similar bonds), debentures, notes, loan agreements or other similar instruments; 
 (b) the maximum amount of all direct or contingent obligations of such Person arising under letters of credit (including standby and commercial), bankers’ acceptances, bank guaranties, surety bonds
and similar instruments; 
 (c) the Swap Termination Value of any Swap Contract; 

(d) all obligations of such Person to pay the deferred purchase price of property or services (other than (i) current
trade accounts payable in the ordinary course of business and (ii) earnouts or similar obligations unless and until such earnouts are earned); 
 (e) indebtedness of others (excluding prepaid interest thereon) secured by a Lien on property owned or being purchased by such Person (including indebtedness arising under conditional sales or other title
retention agreements), whether or not such indebtedness shall have been assumed by such Person or is limited in recourse; 
 (f) all Attributable Indebtedness in respect of Capitalized Leases and Synthetic Lease Obligations of such Person and all Synthetic Debt of such Person; 

(g) all obligations of such Person to purchase, redeem, retire, defease or otherwise make any payment in cash, Cash
Equivalents or other “Indebtedness” in respect of any Disqualified Equity Interest in such Person, valued, in the case of a redeemable preferred interest, at the greater of its voluntary or involuntary liquidation preference plus
accrued and unpaid dividends; and 
 (h) all Guarantees of such Person in respect of any of the foregoing
(but specifically excluding the 1997 Guaranty (other than for purposes of Section 8.01(e)). 
 For all purposes
hereof, the Indebtedness of any Person shall include the Indebtedness of any partnership or joint venture (other than a joint venture that is itself a corporation or limited liability company) in which such Person is a general partner or a joint
venturer, unless such Indebtedness is expressly made non-recourse to such Person. 
 “Indemnified Taxes” means
Taxes other than Excluded Taxes. 
 “Indemnitees” has the meaning specified in Section 10.04(b).

 “Information” has the meaning specified in Section 10.07. 

“Intellectual Property Security Agreement” has the meaning specified in Section 4.01(a)(v). 

  
 19 

 “Intercompany Subordination Agreement” means the Intercompany Subordination
Agreement to be executed and delivered by each Subsidiary of the Borrower that is not a Loan Party, substantially in the form attached hereto as Exhibit I. 
 “Intercreditor Agreement” means the Intercreditor Agreement dated as of the date hereof between the Administrative Agent and the ABL Agent and acknowledged by the Borrower. 

“Interest Payment Date” means, (a) as to any Eurodollar Rate Loan, the last day of each Interest Period applicable
to such Loan and the Maturity Date of the Facility; provided, however, that if any Interest Period for a Eurodollar Rate Loan exceeds three months, the respective dates that fall every three months after the beginning of such Interest Period
shall also be Interest Payment Dates; and (b) as to any Base Rate Loan the last Business Day of each March, June, September and December and the Maturity Date of the Facility. 

“Interest Period” means, as to each Eurodollar Rate Loan, the period commencing on the date such Eurodollar Rate Loan is
disbursed or converted to or continued as a Eurodollar Rate Loan and ending on the date one, two, three or six months thereafter, as selected by the Borrower in its Committed Loan Notice or such other period that is twelve months or less requested
by the Borrower and consented to by all the Lenders; provided that: 
 (a) any Interest Period that would
otherwise end on a day that is not a Business Day shall be extended to the next succeeding Business Day unless such Business Day falls in another calendar month, in which case such Interest Period shall end on the next preceding Business Day;

 (b) any Interest Period that begins on the last Business Day of a calendar month (or on a day for which there
is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the calendar month at the end of such Interest Period; and 

(c) no Interest Period shall extend beyond the Maturity Date. 

“Internally Generated Cash” means any cash of the Borrower or any of its Subsidiaries that is not generated from a
Disposition, the issuance or incurrence of Indebtedness, the issuance or sale of Equity Interests or any contribution to the capital of the Borrower or such Subsidiary. 
 “Investment” means, as to any Person, any direct or indirect acquisition or investment by such Person, whether by means of (a) the purchase or other acquisition of Equity Interests
of another Person, (b) a loan, advance or capital contribution to, Guarantee or assumption of debt of, or purchase or other acquisition of any other debt or interest in, another Person, or (c) the purchase or other acquisition (in one
transaction or a series of transactions) of assets of another Person that constitute a business unit or all or substantially all of the business of, such Person. For purposes of covenant compliance, the amount of any Investment shall be the amount
actually invested, without adjustment for subsequent increases or decreases in the value of such Investment. 

  
 20 

 “Involuntary Disposition” means any involuntary loss, damage or destruction
of property, or any involuntary condemnation, seizure or taking, by exercise of the power of eminent domain or otherwise, or confiscation or requisition of use of property. 
 “IRS” means the United States Internal Revenue Service. 

“Joint Venture” means any Person in which the Borrower or any Subsidiary owns any Equity Interests other than a Wholly
Owned Subsidiary. 
 “Judgment Currency” has the meaning specified in Section 10.18. 

“Juffali Investment” means an initial Investment in the amount of approximately $2,500,000 made by the Borrower and/or
its Subsidiaries in that certain joint venture with E.A. Juffali & Brothers Company Limited, together with any additional Investments made by the Borrower and/or its Subsidiaries in such joint venture in an amount not to exceed $20,000,000
in the aggregate. 
 “Junior Indebtedness” means any unsecured or Subordinated Indebtedness and the 1997
Guaranty, the 2015 Notes and the 2020 Notes. 
 “Laws” means, collectively, all international, foreign,
Federal, state and local statutes, treaties, rules, guidelines, regulations, ordinances, codes and administrative or judicial precedents or authorities, including the interpretation or administration thereof by any Governmental Authority charged
with the enforcement, interpretation or administration thereof, and all applicable administrative orders, directed duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental Authority, in each case whether or
not having the force of law. 
 “Lead Arrangers” mean Merrill Lynch, Pierce, Fenner & Smith,
Incorporated and Wells Fargo Securities, LLC, in their capacity as the joint lead arrangers and joint bookrunning managers. 

“Lender” means at any time, (a) on or prior to the Closing Date, any Lender that has a Commitment at such time and
(b) at any time after the Closing Date, any Lender that holds Loans at such time. 
 “Lending Office”
means, as to any Lender, the office or offices of such Lender described as such in such Lender’s Administrative Questionnaire, or such other office or offices as a Lender may from time to time notify the Borrower and the Administrative Agent.

 “Lien” means any mortgage, deed of trust, pledge, hypothecation, assignment, deposit arrangement,
encumbrance, lien (statutory or other), charge, or preference, priority or other security interest or preferential arrangement in the nature of a security interest of any kind or nature whatsoever (including any conditional sale or other title
retention agreement, any easement, right of way or other encumbrance on title to real property, and any financing lease having substantially the same economic effect as any of the foregoing). 

  
 21 

 “Liquidity” means, at any time, (a) lower of
(i) (x) $300,000,000 (or, if an increase option has been exercised under the ABL Credit Agreement, the aggregate revolver commitments under the ABL Credit Agreement) minus (y) all reserves against the U.S. Maximum Credit and
Canadian Maximum Credit then in effect under the ABL Credit Agreement and (ii) the Borrowing Base (as defined in the ABL Credit Agreement) minus (b) the sum of (i) outstanding revolver loans under the ABL Facility,
(ii) 103% of the then maximum available amount to be drawn under all letters of credit issued under the ABL Facility, and (iii) all reserves against (x) the Borrowing Base or (y) the Maximum Credit, as applicable and then in
effect under the ABL Credit Agreement, plus (c) the total unrestricted cash and Cash Equivalents of the Borrower and its Restricted Subsidiaries. 
 “Liquidity Threshold” means $150,000,000. 

“Loan” means an extension of credit by a Lender to the Borrower under Article II. 

“Loan Documents” means, collectively, (a) this Agreement, (b) the Notes, (c) the Guaranty, (d) the
Collateral Documents, (e) the Fee Letter, (f) the Intercreditor Agreement, (g) the Perfection Certificate, (h) 2015 Note Intercreditor Agreement, (i) the Acknowledgment and (j) the Intercompany Subordination Agreement.

 “Loan Parties” means, collectively, the Borrower and each Guarantor. 

“London Banking Day” means any day on which dealings in Dollar deposits are conducted by and between banks in the London
interbank eurodollar market. 
 “Material Adverse Effect” means (a) a material adverse change in, or a
material adverse effect upon, the operations, business, properties, liabilities (actual or contingent), condition (financial or otherwise) of the Borrower and its Subsidiaries taken as a whole; (b) a material impairment of the rights and
remedies of the Administrative Agent or any Lender under the Loan Documents, taken as a whole, or of the ability of any Loan Party to perform its obligations under the Loan Documents to which it is a party; or (c) a material adverse effect upon
the legality, validity, binding effect or enforceability against any Loan Party of any Loan Document to which it is a party. 

“Material Real Property” means fee owned real property with a fair market value in excess of $5,000,000. 

“Maturity Date” means December 20, 2017; provided, however, that, if such date is not a Business Day, the
Maturity Date shall be the next preceding Business Day. 
 “Measurement Period” means, at any date of
determination, the most recently completed four fiscal quarters of the Borrower, provided that for purposes of determining the Consolidated Interest Coverage Ratio, (a) Consolidated Interest Charges for the fiscal quarter ended
March 31, 2012 shall equal Consolidated Interest Charges for such fiscal quarter multiplied by four; (b) Consolidated Interest Charges for the fiscal quarter ended June 30, 2012 shall equal Consolidated Interest Charges for the
two fiscal quarters then ended multiplied by two; and (c) Consolidated Interest Charges for the fiscal quarter ended September 30, 2012 shall equal Consolidated Interest Charges for the three fiscal quarters then ended
multiplied by 4/3. 

  
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 “Merger” has the meaning specified in the Preliminary Statements.

 “Merger Agreement” has the meaning specified in the Preliminary Statements. 

“Merger Documents” means the Merger Agreement, together with any schedules and exhibits thereto and any escrow agreement
executed in connection therewith. 
 “Moody’s” means Moody’s Investors Service, Inc. and any
successor thereto. 
 “Mortgage” has the meaning specified in Section 4.01(a)(iv). 

“Mortgaged Property” means the real property that is owned by any Loan Party on the Closing Date listed on Schedule
4.01(a)(iv) and any Material Real Property acquired after the Closing Date. 
 “Mortgage Policy” has the
meaning specified in Schedule 4.01(a)(iv). 
 “Multiemployer Plan” means any employee benefit plan of
the type described in Section 4001(a)(3) of ERISA, to which the Borrower or any ERISA Affiliate makes or is obligated to make contributions, or during the preceding five plan years, has made or been obligated to make contributions. 

“Multiple Employer Plan” means a Pension Plan which has two or more contributing sponsors (including the Borrower or any
ERISA Affiliate) at least two of whom are not under common control, as such a plan is described in Section 4064 of ERISA. 

“Net Cash Proceeds” means the aggregate cash or Cash Equivalents received by any Loan Party or any Restricted Subsidiary
in respect of any Disposition, issuance of Indebtedness or Involuntary Disposition (including any cash received by way of deferred payment pursuant to a promissory note, receivable or otherwise, but only as and when received), net of
(a) reasonable and customary fees and expenses associated in connection therewith (including, without limitation, legal, accounting and investment banking fees, sales commissions and placement fees), (b) taxes paid or payable as a result
thereof, (c) in the case of any Disposition or any Involuntary Disposition, the amount necessary to retire any Indebtedness secured by a Lien permitted under Section 7.01 on the related property (including, without limitation, prepayment
premiums and/or penalties thereon), (d) in the case of any Disposition, any portion of such proceeds deposited in an escrow account pursuant to documentation relating to a Disposition (provided that such amounts shall be treated as Net
Cash Proceeds upon their release from such escrow account to such Loan Party or such Subsidiary) and (e) in the case of any Disposition, any portion of any such proceeds which the Borrower determines in good faith should be reserved for
post-closing adjustments and indemnities; it being understood that “Net Cash Proceeds” shall include, without limitation, any cash or Cash Equivalents received upon the sale or other Disposition of any non-cash consideration received by
any Loan Party or any Subsidiary in any Disposition, Debt Issuance or Involuntary Disposition. 
 “Net Working
Capital” means, with respect to any Person and its Restricted Subsidiaries on a consolidated basis, Consolidated Current Assets minus Consolidated Current Liabilities. 

  
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 “Non-Loan Party” means, any Subsidiary of the Borrower or any other Loan
Party that is not a Loan Party. 
 “Note” means a promissory note made by the Borrower in favor of a Lender,
evidencing Loans made by such Lender, substantially in the form of Exhibit B. 
 “NPL” means the
National Priorities List under CERCLA. 
 “Obligations” means all advances to, and debts, liabilities,
obligations, covenants and duties of, any Loan Party arising under any Loan Document or otherwise with respect to any Loan whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now
existing or hereafter arising and including interest and fees that accrue after the commencement by or against any Loan Party of any proceeding under any Debtor Relief Laws naming such Loan Party as the debtor in such proceeding, regardless of
whether such interest and fees are allowed claims in such proceeding. 
 “OFAC” means the Office of Foreign
Assets Control of the U.S. Treasury Department. 
 “Organization Documents” means, (a) with respect to any
corporation, the certificate or articles of incorporation and the bylaws (or equivalent or comparable constitutive documents with respect to any non-U.S. jurisdiction); (b) with respect to any limited liability company, the certificate or
articles of formation or organization and operating agreement; and (c) with respect to any partnership, joint venture, trust or other form of business entity, the partnership, joint venture or other applicable agreement of formation or
organization and any agreement, instrument, filing or notice with respect thereto filed in connection with its formation or organization with the applicable Governmental Authority in the jurisdiction of its formation or organization and, if
applicable, any certificate or articles of formation or organization of such entity. 
 “Other Taxes” means all
present or future stamp or documentary taxes or any other excise or property taxes, similar charges or similar levies arising from any payment made hereunder or under any other Loan Document or from the execution, delivery or enforcement of, or
otherwise with respect to, this Agreement or any other Loan Document. 
 “Outstanding Amount” means, on any
date, the aggregate outstanding principal amount of Loans after giving effect to any borrowings and prepayments or repayments of Loans occurring on such date. 
 “Participant” has the meaning specified in Section 10.06(d). 
 “Patriot Act” has the meaning specified in Section 10.17. 
 “PBGC” means the Pension Benefit Guaranty Corporation. 

“Pension Act” means the Pension Protection Act of 2006. 

“Pension Funding Rules” means the rules of the Code and ERISA regarding minimum required contributions (including any
installment payment thereof) to Pension Plans and set forth 

  
 24 

 
in, with respect to plan years ending prior to the effective date of the Pension Act, Section 412 of the Code and Section 302 of ERISA, each as in effect prior to the Pension Act and,
thereafter, Sections 412, 430, 431, 432 and 436 of the Code and Sections 302, 303, 304 and 305 of ERISA. 

“Pension Plan” means any “employee pension benefit plan” (as such term is defined in Section 3(2) of
ERISA) (including a Multiple Employer Plan but excluding a Multiemployer Plan) that is maintained or is contributed to by the Borrower and any ERISA Affiliate and is either covered by Title IV of ERISA or is subject to the Pension Funding Rules.

 “Perfection Certificate” shall mean that certain perfection certificate dated December 21, 2011,
executed and delivered by each Loan Party in favor of the Administrative Agent for the benefit of the Secured Parties, and each other Perfection Certificate (which shall be substantially in the form of the Perfection Certificate with such
modifications as are reasonably satisfactory to the Borrower and the Administrative Agent) executed and delivered by the applicable Loan Party in favor of the Administrative Agent for the benefit of the Secured Parties contemporaneously with the
execution and delivery of each Security Agreement Supplement executed in accordance with Section 3.5 of the Security Agreement, in each case, as the same may be amended, amended and restated, supplemented or otherwise modified from time
to time in accordance with this Agreement. 
 “Permitted Acquisitions” means the purchase or other acquisition
by a Person or its Subsidiaries of all or substantially all of the assets of (or any division or business line of) any other Person (other than a Subsidiary), or the purchase or other acquisition (whether by means of a merger, consolidation, or
otherwise) by a Person or its Subsidiaries of all (other than directors’ qualifying shares) of the Equity Interests of any other Person (other than a Subsidiary) (any such transaction an “Acquisition”); provided that:

 (a) as of the date of any such Acquisition after giving effect thereto, no Event of Default shall exist or
have occurred and be continuing, 
 (b) the Acquisition shall be with respect to an operating company or division
or line of business that engages in a line of business substantially similar, reasonably related or incidental to, or a reasonable extension of, the business that Borrower and its Subsidiaries are engaged in, 

(c) in the case of any Acquisition of Equity Interests, the board of directors (or other comparable governing body) of the
Person to be acquired shall have duly approved such Acquisition and such Person shall not have announced that it will oppose such Acquisition or shall not have commenced any action which alleges that such Acquisition will violate applicable law,

 (d) in the case of any Acquisition that involves aggregate consideration in excess of $35,000,000, the
Administrative Agent shall have received not less than ten Business Days prior to the anticipated closing date of the proposed Acquisition prior written notice of the proposed Acquisition, and including the (i) parties to such Acquisition,
(ii) the proposed date and amount of the Acquisition, (iii) description of the assets or shares to be acquired and (iv) the total purchase price for the assets to be 

  
 25 

 
purchased and the terms of payment of such purchase price), together with copies of the acquisition agreement and other material documents relative to the proposed Acquisition, 

(e) any such newly-created or acquired Subsidiary shall comply with the requirements of Section 6.12;

 (g) the total cash consideration paid by or on behalf of the Borrower and its Subsidiaries for such
Acquisition, when aggregated with the total cash consideration paid by or on behalf of the Borrower and its Subsidiaries for all other Acquisitions made by the Borrower and its Subsidiaries, shall not exceed $50,000,000; provided that the
foregoing limitation on acquisition consideration shall not apply to any Permitted Acquisition, if the Borrower shall be in compliance with the Incurrence Test; and provided, further, that the aggregate consideration for all such
Acquisitions of Persons by entities that are not Loan Parties or do not become Loan Parties following the consummation of such Acquisition shall not exceed $100,000,000; 

(h) immediately after giving effect to such Acquisition, (i) the Borrower and its Subsidiaries shall be in Pro Forma
Compliance with all of the covenants set forth in Section 7.11, such compliance to be determined on the basis of the financial information most recently delivered to the Administrative Agent and the Lenders pursuant to
Section 6.01(a) or (b) as though such purchase or other acquisition had been consummated as of the first day of the fiscal period covered thereby and (ii) the representations and warranties contained in the Loan Documents shall
be true and correct in all material respects as if made as of the date of such Acquisition (except to the extent such representations and warranties relate to an earlier specified date); and 

(i) in the case of any Acquisition involving cash consideration in excess of $35,000,000, the Borrower shall have
delivered to the Administrative Agent and each Lender, at least five Business Days prior to the date on which any such purchase or other acquisition is to be consummated, a certificate of a Responsible Officer, in form and substance reasonably
satisfactory to the Administrative Agent and the Required Lenders, certifying that all of the requirements set forth in this definition of Permitted Acquisition have been satisfied or will be satisfied on or prior to the consummation of such
purchase or other acquisition. 
 “Permitted Encumbrances” has the meaning specified in the Mortgages.

 “Permitted Liens” has the meaning specified in Section 7.01. 

“Permitted Protest” means the right of the Borrower or any of its Subsidiaries to protest any Lien (other than any Lien
that secures the Obligations), taxes (other than payroll taxes or taxes that are the subject of a United States federal tax lien), or rental payment, provided that (a) a reserve with respect to such obligation is established on the Borrower’s
or its Subsidiaries’ books and records in such amount as is required under GAAP, (b) any such protest is instituted promptly and prosecuted diligently by the Borrower or its Subsidiary, as applicable, in good faith, and (c) the Administrative
Agent is satisfied that, while any such protest is pending, there 

  
 26 

 
will be no impairment of the enforceability, validity, or priority of any of the Administrative Agent’s Liens. 
 “Person” means any natural person, corporation, limited liability company, trust, joint venture, association, company, partnership, Governmental Authority or other entity. 

“Plan” means any employee benefit plan within the meaning of Section 3(3) of ERISA (including a Pension Plan but
excluding a Multiple Employer Plan or a Multiemployer Plan), maintained for employees of the Borrower or any ERISA Affiliate and to which the Borrower or any ERISA Affiliate is required to contribute on behalf of any of its employees. 

“Platform” has the meaning specified in Section 6.02. 

“Pledged Debt” mean all indebtedness from time to time owed to a Grantor (as such term is defined in the Security
Agreement). 
 “Pledged Securities” has the meaning specified in the Security Agreement. 

“Pro Forma Basis” means, with respect to compliance with any test or covenant hereunder, that all Specified Transactions
in connection therewith shall be deemed to have occurred as of the first day of the applicable period of measurement in such test or covenant, and giving effect to any cost savings, expenses and other items projected by the Borrower in good faith
which would otherwise be accounted for as an adjustment pursuant to Article 11 of Regulation S-X under the Securities Act of 1933, as amended, which are reasonably factually supportable and certified by a Responsible Officer. 

“Pro Forma Compliance” means, in respect of a Specified Transaction, that such Specified Transaction and the following
transactions in connection therewith (to the extent applicable) shall be deemed to have occurred as of the first day of the applicable period of measurement in such covenant: (a) income statement items (whether positive or negative)
attributable to the property or Person, if any, subject to such Specified Transaction, (i) in the case of a Disposition of all or substantially all Equity Interests in any Restricted Subsidiary of the Borrower or any division, product line, or
facility used for operations of the Borrower or any of its Restricted Subsidiaries, shall be excluded, and (ii) in the case of any Acquisition, any cost savings, expenses and other items projected by the Borrower in good faith which would
otherwise be accounted for as an adjustment pursuant to Article 11 of Regulation S-X under the Securities Act of 1933, as amended, which are reasonably factually supportable and certified by a Responsible Officer shall be included, (b) any
retirement of Indebtedness, and (c) any Indebtedness incurred or assumed by the Borrower or any of its Restricted Subsidiaries in connection therewith and if such Indebtedness has a floating or formula rate, shall have an implied rate of
interest for the applicable period for purposes of this definition determined by utilizing the rate which is or would be in effect with respect to such Indebtedness as at the relevant date of determination. 

“Pro Forma Financial Statements” has the meaning specified in Section 4.01(a)(x). 

“Projections” means the Borrower’s forecasted (a) balance sheets, (b) profit and loss statements, and
(c) cash flow statements, all prepared on a basis consistent with the Borrower’s 

  
 27 

 
historical financial statements, together with appropriate supporting details and a statement of underlying assumptions. 
 “Public Lender” has the meaning specified in Section 6.02. 
 “Quarterly Payment Date” means the last Business Day of each March, June, September and December. 
 “Refinancing Indebtedness” means Indebtedness arising after the date hereof issued in exchange for, or the proceeds of which are used to extend, refinance, replace or substitute for other
Indebtedness to the extent permitted hereunder so long as: 
 (a) the Refinancing Indebtedness shall have a
weighted average life to maturity and a final maturity equal to or greater than the weighted average life to maturity and the final maturity, respectively, of the Indebtedness being extended, refinanced, replaced, or substituted for, 

(b) the Refinancing Indebtedness shall rank in right of payment no more senior than, and be at least as subordinated (if
already subordinated) to, the Obligations as the Indebtedness being extended, refinanced, replaced or substituted for, 
 (c) the Refinancing Indebtedness will not have any obligors who were not obligors in respect of the Indebtedness being extended, refinanced, replaced or substituted for, 

(d) the negative covenants (including financial covenants) and collateral (if any), of any such Refinancing Indebtedness
are no less favorable in any material respect to the Loan Parties or the Lenders than the terms of any agreement or instrument governing the Indebtedness being refinanced, refunded, renewed or extended, taken as a whole (and if secured, such
Refinancing Indebtedness shall be subject to intercreditor terms no less favorable to the Agent and the Lenders than the terms of the then existing intercreditor arrangement, if any, 

(e) such Indebtedness shall be at rates and with fees or other charges that do not exceed the then applicable market
rates, and 
 (f) the principal amount of such Refinancing Indebtedness shall not exceed the principal amount of
the Indebtedness so extended, refinanced, replaced or substituted for (plus the amount of reasonable refinancing fees and expenses incurred in connection therewith outstanding on the date of such event). 

“Register” has the meaning specified in Section 10.06(c). 

  
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 “Related Parties” means, with respect to any Person, such Person’s
Affiliates and the partners, directors, officers, employees, agents, trustees and advisors of such Person and of such Person’s Affiliates. 
 “Remediation Properties” means the real properties listed on Schedule 1.01(c). 
 “Reportable Event” means any of the events set forth in Section 4043(c) of ERISA, other than events for which the 30 day notice period has been waived. 

“Required Lenders” means, as of any date of determination, Lenders holding more than 50% of the Facility on such date;
provided that the portion of the Facility held by any Defaulting Lender shall be excluded for purposes of making a determination of Required Lenders. 
 “Responsible Officer” means the chief executive officer, president, chief financial officer, treasurer, assistant treasurer or controller of a Loan Party. Any document delivered hereunder
that is signed by a Responsible Officer of a Loan Party shall be conclusively presumed to have been authorized by all necessary corporate, partnership and/or other action on the part of such Loan Party and such Responsible Officer shall be
conclusively presumed to have acted on behalf of such Loan Party. 
 “Restricted Payment” means any dividend or
other distribution (whether in cash, securities or other property) with respect to any capital stock or other Equity Interest of the Borrower, or any payment (whether in cash, securities or other property), including any sinking fund or similar
deposit, on account of the purchase, redemption, retirement, defeasance, acquisition, cancellation or termination of any such capital stock or other Equity Interest, or on account of any return of capital to the Borrower’s stockholders,
partners or members (or the equivalent of any thereof). 
 “Restricted Subsidiary” means each Subsidiary of the
Borrower that is not an Unrestricted Subsidiary. 
 “Retired Notes” means the 8.875% Senior Notes due
May 1, 2012. 
 “Revolving Loan Debt” shall have the meaning specified in the Intercreditor Agreement.

 “Sanctioned Entity” means (a) a country or a government of a country, (b) an agency of the
government of a country, (b) an organization directly or indirectly controlled by a country or its government, or (c) a Person resident in or determined to be resident in a country, in each case, that is subject to a country sanctions
program administered and enforced by OFAC. 
 “Sanctioned Person” means a person named on the list of Specially
Designated Nationals maintained by OFAC. 
 “S&P” means Standard & Poor’s Ratings Services
LLC, a subsidiary of The McGraw-Hill Companies, Inc., and any successor thereto. 
 “SEC” means the Securities
and Exchange Commission, or any Governmental Authority succeeding to any of its principal functions. 

  
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 “Secured Parties” means, collectively, the Administrative Agent, the
Lenders, each co-agent or sub-agent appointed by the Administrative Agent from time to time pursuant to Section 9.05, each Secured Swap Counterparty and the other Persons the Obligations owing to which are or are purported to be secured
by the Collateral under the terms of the Collateral Documents. 
 “Secured Swap Counterparty” has the meaning
specified in the Security Agreement. 
 “Securities Account” means a securities account (as that term is
defined in the UCC). 
 “Securities Account Control Agreement” has the meaning specified in the Security
Agreement. 
 “Security Agreement” has the meaning specified in Section 4.01(a)(iii). 

“Security Agreement Supplement” has the meaning specified in the Security Agreement. 

“Specified Representations” means the representations set forth in Sections 5.01, 5.02, 5.04(a) and
(b), 5.14, 5.16, 5.17, 5.18 and 5.19. 
 “Specified Transaction”
means any incurrence or repayment of Indebtedness (other than for working capital purposes) or Investment that results in a Person becoming a Subsidiary or any Disposition that results in a Restricted Subsidiary ceasing to be a Subsidiary of the
Borrower, or any Investment constituting an Acquisition, in each case not in the ordinary course of business. 
 “Series
G Notes” mean the Secured Senior Notes due 2017, Series G issued by the Sunbelt Chlor Alkali Partnership pursuant to the terms of several Note Purchase Agreements, each dated as of December 22, 1997. 

“Solvent” and “Solvency” mean, with respect to any Person on any date of determination, taking into
account any right of reimbursement, contribution or similar right available to such Person from other Persons, that on such date (a) the fair value of the property of such Person is greater than the total amount of liabilities, including
contingent liabilities, of such Person, (b) the present fair salable value of the assets of such Person is not less than the amount that will be required to pay the probable liability of such Person on its debts as they become absolute and
matured, (c) such Person does not intend to, and does not believe that it will, incur debts or liabilities beyond such Person’s ability to pay such debts and liabilities as they mature, (d) such Person is not engaged in business or a
transaction, and is not about to engage in business or a transaction, for which such Person’s property would constitute an unreasonably small capital, and (e) such Person is able to pay its debts and liabilities, contingent obligations and
other commitments as they mature in the ordinary course of business. The amount of contingent liabilities at any time shall be computed as 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. 
 “Subordinated Indebtedness” means
any Indebtedness that is contractually subordinated in right of payment to the Obligations. 

  
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 “Subsidiary” of a Person means a corporation, partnership, joint venture,
limited liability company or other business entity of which a majority of the shares of securities or other interests having ordinary voting power for the election of directors or other governing body (other than securities or interests having such
power only by reason of the happening of a contingency) are at the time beneficially owned, or the management of which is otherwise controlled, directly, or indirectly through one or more intermediaries, or both, by such Person. Unless otherwise
specified, all references herein to a “Subsidiary” or to “Subsidiaries” shall refer to a Subsidiary or Subsidiaries of the Borrower. 
 “Swap Contract” means (a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate transactions, commodity swaps, commodity options, forward
commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward bond index transactions, interest rate options, forward foreign exchange transactions,
cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, or any other similar transactions or any combination of any of the foregoing (including
any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms
and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master Agreement, or any other master agreement (any such master agreement,
together with any related schedules, a “Master Agreement”), including any such obligations or liabilities under any Master Agreement. 
 “Swap Termination Value” means, in respect of any one or more Swap Contracts, after taking into account the effect of any legally enforceable netting agreement relating to such Swap
Contracts, (a) for any date on or after the date such Swap Contracts have been closed out and termination value(s) determined in accordance therewith, such termination value(s), and (b) for any date prior to the date referenced in clause
(a), the amount(s) determined as the mark-to-market value(s) for such Swap Contracts, as determined based upon one or more mid-market or other readily available quotations provided by any recognized dealer in such Swap Contracts (which may include a
Lender or any Affiliate of a Lender). 
 “Synthetic Debt” means, with respect to any Person as of any date of
determination thereof, all obligations of such Person in respect of transactions entered into by such Person that are intended to function primarily as a borrowing of funds (including any minority interest transactions that function primarily as a
borrowing) but are not otherwise included in the definition of “Indebtedness” or as a liability on the consolidated balance sheet of such Person and its Subsidiaries in accordance with GAAP. 

“Synthetic Lease Obligation” means the monetary obligation of a Person under (a) a so-called synthetic, off-balance
sheet or tax retention lease, or (b) an agreement for the use or possession of property (including sale and leaseback transactions), in each case, creating obligations that do not appear on the balance sheet of such Person but which, upon the
application of any Debtor Relief Laws to such Person, would be characterized as the indebtedness of such Person (without regard to accounting treatment). 

  
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 “Taxes” means all present or future taxes, levies, imposts, duties,
deductions, withholdings (including backup withholding), assessments, similar fees or other similar charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 

“Threshold Amount” means $35,000,000. 
 “Total Outstandings” means the aggregate Outstanding Amount of all Loans. 
 “Transaction” means, collectively, (a) the consummation of the Merger, (b) the entering into by the Loan Parties and their applicable Subsidiaries of the ABL Loan Documents,
(c) the entering into by the Loan Parties and their applicable Subsidiaries of the Loan Documents to which they are or are intended to be a party, (d) payment in full of all amounts due under the Existing Credit Agreement, the Existing
Securitization Facility, the Existing Subordinated Loan Agreement and the Retired Notes and termination of all Liens securing obligations under the Existing Credit Agreement, the Existing Securitization Facility and/or the Retired Notes,
(e) termination of the 2006 Guarantee and Agreement, and (f) the payment of the fees and expenses incurred in connection with the consummation of the foregoing. 
 “Type” means, with respect to a Loan, its character as a Base Rate Loan or a Eurodollar Rate Loan. 
 “UCC” means the Uniform Commercial Code as in effect in the State of New York; provided that, if perfection or the effect of perfection or non-perfection or the priority of any
security interest in any Collateral is governed by the Uniform Commercial Code as in effect in a jurisdiction other than the State of New York, “UCC” means the Uniform Commercial Code as in effect from time to time in such other
jurisdiction for purposes of the provisions hereof relating to such perfection, effect of perfection or non-perfection or priority. 
 “United States” and “U.S.” mean the United States of America. 
 “Unrestricted Subsidiary” means (1) any Subsidiary of the Borrower designated by the Borrower as an Unrestricted Subsidiary hereunder by written notice to the Administrative
Agent; provided, that the Borrower shall only be permitted to so designate a Subsidiary as an Unrestricted Subsidiary after the Closing Date and so long as (a) no Event of Default has occurred and is continuing or would result therefrom,
(b) immediately after giving effect to such designation, the Borrower shall be in Pro Forma Compliance with the financial covenants set forth in Section 7.11, (c) such Unrestricted Subsidiary shall be capitalized (to the
extent capitalized by the Borrower or any of its Restricted Subsidiaries) through Investments as permitted by, and in compliance with, Section 7.03, (d) without duplication of clause (c), any assets owned by such Unrestricted
Subsidiary at the time of the initial designation thereof shall be treated as Investments pursuant to Section 7.03, (e) such Subsidiary shall have been or will promptly be designated an “unrestricted subsidiary” (or
otherwise not be subject to the covenants) under the ABL Facility, the 1997 Guaranty, the 2015 Notes and the 2020 Notes, if applicable, and (f) the Borrower shall have delivered to the Administrative Agent an officer’s certificate executed
by a Responsible Officer of the Borrower, certifying compliance with the requirements of preceding clauses (a) through (e), and containing the calculations and 

  
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information required by the preceding clause (b), and (2) any subsidiary of an Unrestricted Subsidiary. The Borrower may designate any Unrestricted Subsidiary to be a Restricted Subsidiary
for purposes of this Agreement (each, a “Subsidiary Redesignation”); provided, that (i) no Event of Default has occurred and is continuing or would result therefrom, (ii) immediately after giving effect to such
Subsidiary Redesignation, the Borrower shall be in Pro Forma Compliance with the financial covenants set forth in Section 7.11 and (iii) the Borrower shall have delivered to the Administrative Agent an officer’s
certificate executed by a Responsible Officer of the Borrower, certifying compliance with the requirements of preceding clauses (i) and (ii), and containing the calculations and information required by the preceding clause (ii);
provided, further, that no Unrestricted Subsidiary that has been designated as a Restricted Subsidiary pursuant to a Subsidiary Redesignation may again be designated as an Unrestricted Subsidiary. 

“U.S. Maximum Credit” has the meaning specified in the ABL Credit Agreement. 

“Wholly Owned Subsidiary” means any Person 100% of whose Equity Interests are at the time owned by the Borrower directly
or indirectly through other Persons 100% of whose Equity Interests are at the time owned, directly or indirectly, by the Borrower. 
 1.02 Other Interpretive Provisions. With reference to this Agreement and each other Loan Document, unless otherwise specified herein or in such other Loan Document: 

(a) The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context may
require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include,” “includes” and “including” shall be deemed to be followed by the phrase “without limitation.” The
word “will” shall be construed to have the same meaning and effect as the word “shall.” Unless the context requires otherwise, (i) any definition of or reference to any agreement, instrument or other document (including any
Organization Document) shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set
forth herein or in any other Loan Document), (ii) any reference herein to any Person shall be construed to include such Person’s successors and assigns, (iii) the words “herein,” “hereof” and “hereunder,”
and words of similar import when used in any Loan Document, shall be construed to refer to such Loan Document in its entirety and not to any particular provision thereof, (iv) all references in a Loan Document to Articles, Sections, Preliminary
Statements, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Preliminary Statements, Exhibits and Schedules to, the Loan Document in which such references appear, (v) any reference to any law, rule or
regulation shall include all statutory and regulatory provisions consolidating, amending, replacing or interpreting such law, rule or regulation and any reference to any law or regulation shall, unless otherwise specified, refer to such law, rule or
regulation as amended, modified or supplemented from time to time, and (vi) the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all tangible and
intangible assets and properties, including cash, securities, accounts and contract rights. 

  
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 (b) In the computation of periods of time from a specified date to a later specified date,
the word “from” means “from and including;” the words “to” and “until” each mean “to but excluding;” and the word “through” means “to and
including.” 
 (c) Section headings herein and in the other Loan Documents are included for convenience of reference
only and shall not affect the interpretation of this Agreement or any other Loan Document. 
 1.03 Accounting Terms.
Generally. All accounting terms not specifically or completely defined herein shall be construed in conformity with, and all financial data (including financial ratios and other financial calculations) required to be submitted pursuant to
this Agreement shall be prepared in conformity with, GAAP applied on a consistent basis, as in effect from time to time, applied in a manner consistent with that used in preparing the Audited Financial Statements, except as otherwise
specifically prescribed herein. Notwithstanding the foregoing, for purposes of determining compliance with any covenant (including the computation of any financial covenant) contained herein, Indebtedness of the Borrower and its Subsidiaries shall
be deemed to be carried at 100% of the outstanding principal amount thereof, and the effects of FASB ASC 825 and FASB ASC 470-20 on financial liabilities shall be disregarded. 
 (b) Changes in GAAP. If at any time any change in GAAP would affect the computation of any financial ratio, covenant (including, without limitation, Section 7.02(e)) or requirement set
forth in any Loan Document, and either the Borrower or the Required Lenders shall so request, the Administrative Agent, the Lenders and the Borrower shall negotiate in good faith to amend such ratio or requirement to preserve the original intent
thereof in light of such change in GAAP (subject to the approval of the Required Lenders); provided that, until so amended, (i) such ratio or requirement shall continue to be computed in accordance with GAAP prior to such change therein
and (ii) the Borrower shall provide to the Administrative Agent and the Lenders financial statements and other documents required under this Agreement or as reasonably requested hereunder setting forth a reconciliation between calculations of
such ratio or requirement made before and after giving effect to such change in GAAP. No consent or amendment fee shall be required to be paid to any Lender in connection with an amendment contemplated by this Section 1.03(b). 

1.04 Rounding. Any financial ratios required to be maintained by the Borrower pursuant to this Agreement shall be calculated by
dividing the appropriate component by the other component, carrying the result to one place more than the number of places by which such ratio is expressed herein and rounding the result up or down to the nearest number (with a rounding-up if there
is no nearest number). 
 1.05 Times of Day. Unless otherwise specified, all references herein to times of day shall be
references to Eastern time (daylight or standard, as applicable). 
 1.06 Currency Equivalents Generally. Any amount
specified in this Agreement (other than in Articles II and IX) or any of the other Loan Documents to be in Dollars shall also include the equivalent of such amount in any currency other than Dollars, such equivalent amount thereof in
the applicable currency to be determined by the Administrative Agent at such time on 

  
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the basis of the Spot Rate (as defined below) for the purchase of such currency with Dollars. For purposes of this Section 1.06, the “Spot Rate” for a currency means
the rate determined by the Administrative Agent to be the rate quoted by the Person acting in such capacity as the Spot Rate for the purchase by such Person of such currency with another currency through its principal foreign exchange trading office
at approximately 11:00 a.m. on the date two Business Days prior to the date of such determination; provided that the Administrative Agent may obtain such Spot Rate from another financial institution designated by the Administrative Agent if
the Person acting in such capacity does not have as of the date of determination a spot buying rate for any such currency. 

ARTICLE II 
 THE
COMMITMENTS AND CREDIT EXTENSIONS 
 2.01 The Loans. Subject to the terms and conditions set forth herein, each Lender
severally agrees to make a single loan to the Borrower on the Closing Date in an amount not to exceed such Lender’s Commitment. The Borrowing shall consist of Loans made simultaneously by the Lenders in accordance with their respective
Commitments. Amounts borrowed under this Section 2.01 and repaid or prepaid may not be reborrowed. Loans may be Base Rate Loans or Eurodollar Rate Loans as further provided herein. 

2.02 Borrowings, Conversions and Continuations of Loans. (a) Each Borrowing, each conversion of Loans from one Type to the
other, and each continuation of Eurodollar Rate Loans shall be made upon the Borrower’s irrevocable notice to the Administrative Agent, which may be given by telephone. Each such notice must be received by the Administrative Agent not later
than 11:00 a.m. (i) three Business Days prior to the requested date of any Borrowing of, conversion to or continuation of Eurodollar Rate Loans or of any conversion of Eurodollar Rate Loans to Base Rate Loans, and (ii) on the requested
date of any Borrowing of Base Rate Loans; provided, however, that if the Borrower wishes to request Eurodollar Rate Loans having an Interest Period other than one, two, three or six months in duration as provided in the definition of
“Interest Period,” the applicable notice must be received by the Administrative Agent not later than 11:00 a.m. four Business Days prior to the requested date of such Borrowing, conversion or continuation, whereupon the Administrative
Agent shall give prompt notice to the Lenders of such request and determine whether the requested Interest Period is acceptable to all of them. Not later than 11:00 a.m., three Business Days before the requested date of such Borrowing, conversion or
continuation, the Administrative Agent shall notify the Borrower (which notice may be by telephone) whether or not the requested Interest Period has been consented to by all the Lenders. Each telephonic notice by the Borrower pursuant to this
Section 2.02(a) must be confirmed promptly by delivery to the Administrative Agent of a written Committed Loan Notice, appropriately completed and signed by a Responsible Officer of the Borrower. Each Borrowing of, conversion to or
continuation of Eurodollar Rate Loans shall be in a principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof. Each Committed Loan Notice (whether telephonic or written) shall specify (i) whether the Borrower is
requesting a Borrowing, a conversion of Loans from one Type to the other, or a continuation of Eurodollar Rate Loans, (ii) the requested date of the Borrowing, conversion or continuation, as the case may be (which shall be a Business Day),
(iii) the principal amount of Loans to be borrowed, converted or continued, (iv) the Type of Loans to be borrowed or to which existing Loans are to be converted, and (v) if applicable, the duration of the Interest Period with respect
thereto. If the 

  
 35 

 
Borrower fails to specify a Type of Loans in a Committed Loan Notice or if the Borrower fails to give a timely notice requesting a conversion or continuation, then the Loans shall be converted to
a Base Rate Loan. Any such automatic conversion to Base Rate Loan shall be effective as of the last day of the Interest Period then in effect with respect to the applicable Eurodollar Rate Loans. If the Borrower requests a Borrowing of, conversion
to, or continuation of Eurodollar Rate Loans in any such Committed Loan Notice, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one month. 

(b) Following receipt of a Committed Loan Notice, the Administrative Agent shall promptly notify each Lender of the amount of its
Applicable Percentage, and if no timely notice of a conversion or continuation is provided by the Borrower, the Administrative Agent shall notify each Lender of the details of any automatic conversion to a Base Rate Loan described in
Section 2.02(a). Each Lender shall make the amount of its Loans available to the Administrative Agent in immediately available funds at the Administrative Agent’s Office not later than 1:00 p.m. on the Business Day specified in the
applicable Committed Loan Notice. Upon satisfaction of the applicable conditions set forth in Section 4.01, the Administrative Agent shall make all funds so received available to the Borrower in like funds as received by the
Administrative Agent either by (i) crediting the account of the Borrower on the books of Bank of America with the amount of such funds or (ii) wire transfer of such funds, in each case in accordance with instructions provided to (and
reasonably acceptable to) the Administrative Agent by the Borrower. 
 (c) Except as otherwise provided herein, a Eurodollar
Rate Loan may be continued or converted only on the last day of an Interest Period for such Eurodollar Rate Loan. During the existence of a Default, no Loan may be converted to or continued as Eurodollar Rate Loans without the consent of the
Required Lenders. 
 (d) The Administrative Agent shall promptly notify the Borrower and the Lenders of the interest rate
applicable to any Interest Period for Eurodollar Rate Loans upon determination of such interest rate. At any time that Base Rate Loans are outstanding, the Administrative Agent shall notify the Borrower and the Lenders of any change in Bank of
America’s prime rate used in determining the Base Rate promptly following the public announcement of such change. 
 (e)
After giving effect to all Borrowings, all conversions of Loans from one Type to the other, and all continuations of Loans as the same Type, there shall not be more than ten Interest Periods in effect. 

2.03 Prepayments. (a) Optional. (i) The Borrower may, upon notice to the Administrative Agent, at any time or
from time to time voluntarily prepay Loans in whole or in part without premium or penalty (subject to clause (ii) of this Section 2.03(a)); provided that (A) such notice must be received by the Administrative Agent not later
than 11:00 a.m. (1) three Business Days prior to any date of prepayment of Eurodollar Rate Loans and (2) on the date of prepayment of Base Rate Loans; (B) any prepayment of Eurodollar Rate Loans shall be in a principal amount of
$5,000,000 or a whole multiple of $1,000,000 in excess thereof; and (C) any prepayment of Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof or, in each case, if less, the entire
principal amount thereof then outstanding. Each such notice shall specify the date and amount of such prepayment and the 

  
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Type(s) of Loans to be prepaid and, if Eurodollar Rate Loans are to be prepaid, the Interest Period(s) of such Loans. The Administrative Agent will promptly notify each Lender of its receipt of
each such notice, and of the amount of such Lender’s ratable portion of such prepayment (based on such Lender’s Applicable Percentage). If such notice is given by the Borrower, the Borrower shall make such prepayment and the payment amount
specified in such notice shall be due and payable on the date specified therein. Any prepayment of a Eurodollar Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to
Section 3.05. Each prepayment of the outstanding Loans pursuant to this Section 2.03(a) shall be applied to the principal repayment installments thereof as directed by the Borrower, and each such prepayment shall be paid to
the Lenders in accordance with their respective Applicable Percentages. 
 (ii) Notwithstanding the foregoing, to
the extent the Borrower makes a prepayment of Loans pursuant to this Section 2.03(a) or Section 2.03(b)(iii) below, with the proceeds of Indebtedness, then if any such prepayment occurs on or prior to the first anniversary of
the Closing Date, the Borrower shall pay a premium of 1% of the aggregate principal amount of such Loans prepaid. 
 (b)
Mandatory. (i) Except as otherwise provided in Section 6.6(a)(iv)(B) of the ABL Credit Agreement (as in effect on the date hereof), within five Business Days (or on such later date, if any, as shall be in accordance with
Section 6.6(a)(iv)(B) of the ABL Credit Agreement (as in effect on the date hereof)) after financial statements have been delivered pursuant to Section 6.01(a) (commencing with the fiscal year ended 2012) and the related Compliance
Certificate has been delivered pursuant to Section 6.02(a), the Borrower shall prepay an aggregate principal amount of Loans equal to the excess (if any) of (A) 50% (as may be adjusted pursuant to the proviso below) of Excess Cash
Flow for the fiscal year covered by such financial statements over (B) the aggregate principal amount of Loans prepaid pursuant to Section 2.03(a); provided, that such percentage shall be reduced to 25% or 0% if the
Consolidated Leverage Ratio as of the last day of the relevant fiscal year was less than 2:25:1.00 or 1.50:1.00, respectively. 
 (ii) (A) If (x) the Borrower or any of its Restricted Subsidiaries Disposes of any property (other than any Disposition of any property permitted by Section 7.05(a), (b), (c),
(d), (h), (i) (l), (o), (p) or (q) or, except to the extent set forth therein, (n) (collectively, “Excluded Dispositions”)) or (y) any Involuntary Disposition occurs, which results in the
realization or receipt by the Borrower or such Restricted Subsidiary of Net Cash Proceeds in excess for any such Disposition or series of related Dispositions of $10,000,000 or in excess during any fiscal year for all such Dispositions of
$50,000,000, the Borrower shall cause to be prepaid on or prior to the date which is ten Business Days after the date of the realization or receipt of such Net Cash Proceeds an aggregate principal amount of Loans in an amount equal to 100% of all
Net Cash Proceeds received; provided that no such prepayment shall be required pursuant to this Section 2.03(b)(ii)(A) if, on or prior to such date, the Borrower shall have given written notice to the Administrative Agent of its
intention to reinvest or cause to be reinvested all or a portion of such Net Cash Proceeds in accordance with Section 2.03(b)(ii)(B) (which election may only be made if no Event of Default has occurred and is then continuing).

  
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 (B) With respect to any Net Cash Proceeds realized or received with respect
to any Disposition (other than any Excluded Disposition), at the option of the Borrower, and so long as no Event of Default shall have occurred and be continuing, the Borrower may use all or any portion of such Net Cash Proceeds to acquire,
maintain, develop, construct, improve, upgrade or repair assets useful for its business (including for making Acquisitions) within (i) 365 days of the receipt of such Net Cash Proceeds or (ii) if the Borrower enters into a legally binding
commitment to use such Net Cash Proceeds to acquire, maintain, develop, construct, improve, upgrade or repair assets useful for its business within 365 days after receipt of such Net Cash Proceeds, within 545 days after receipt of such Net Cash
Proceeds; provided further that if any Net Cash Proceeds are not so used within the time period set forth above in this Section 2.03(b)(ii)(B) or are no longer intended to be so used at any time after delivery of a notice of such
election, an amount equal to any such Net Cash Proceeds shall be promptly applied to the prepayment of the Loans as set forth in this Section 2.03. 
 (iii) Upon the incurrence or issuance by the Borrower or any of its Restricted Subsidiaries of any Indebtedness (other than Indebtedness expressly permitted to be incurred or issued pursuant to
Section 7.02), the Borrower shall prepay an aggregate principal amount of Loans equal to 100% of all Net Cash Proceeds received therefrom immediately upon receipt thereof by the Borrower or such Restricted Subsidiary (such prepayments to
be applied as set forth in clause (iv) below). 
 (iv) Each prepayment of Loans pursuant to the foregoing
provisions of this Section 2.03(b) shall be applied ratably to the principal repayment installments thereof. 
 2.04
Termination or Reduction of Commitments. The Aggregate Commitments shall be automatically and permanently reduced to zero on the date of the Borrowing. 
 2.05 Repayment of Loans. On each Quarterly Payment Date, beginning with the Quarterly Payment Date in March 2012, the Borrower shall repay to the Administrative Agent for the ratable account of the
Lenders the principal amount of Loans then outstanding in an amount equal to 0.25% of the aggregate initial principal amounts of all Loans theretofore borrowed by the Borrower pursuant to Section 2.01 (which amount shall be reduced as a
result of application of prepayments in accordance with the order of priority set forth in Sections 2.03(a) or (b), as applicable). The remaining unpaid principal amount of the Loans and all other Obligations under or in respect
of the Loans shall be due and payable in full, if not earlier in accordance with this Agreement, on the Maturity Date and in any event shall be in an amount equal to the aggregate principal amount of all Loans outstanding on such date. 

2.06 Interest. (a) Subject to the provisions of Section 2.06(b), (i) each Eurodollar Rate Loan shall bear
interest on the outstanding principal amount thereof for each Interest Period at a rate per annum equal to the sum of (A) the Eurodollar Rate for such Interest Period plus (B) the Applicable Rate; and (ii) each Base Rate Loan
shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the sum of (A) the Base Rate plus (B) the Applicable Rate. 

  
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 (b) While any Event of Default set forth in Sections 8.01(a) and (f) exists, the
Borrower shall pay interest on (i) the principal amount of all of its outstanding Loans hereunder at a fluctuating interest rate per annum at all times equal to the Default Rate (ii) and all other outstanding amounts (other than principal)
hereunder that are not paid when due at a fluctuating interest rate per annum at all times equal to the Default Rate. Accrued and unpaid interest on past due amounts (including interest on past due interest) shall be due and payable upon demand, and
(iii) accrued and unpaid interest on past due amounts (including interest on past due interest) shall be due and payable upon demand. 
 (c) Interest on each Loan shall be due and payable in arrears on each Interest Payment Date applicable thereto and at such other times as may be specified herein. Interest hereunder shall be due and
payable in accordance with the terms hereof before and after judgment, and before and after the commencement of any proceeding under any Debtor Relief Law. 
 2.07 Fees. (a) The Borrower shall pay to the Lead Arrangers and the Administrative Agent for their own respective accounts fees in the amounts and at the times specified in the Fee Letter.
Such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever. 
 (b) The Borrower shall pay
to the Lenders such fees as shall have been separately agreed upon in writing in the amounts and at the times so specified. Such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever. 

2.08 Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate. (a) All computations of interest for Base
Rate Loans when the Base Rate is determined by Bank of America’s “prime rate” shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be
made on the basis of a 360-day year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is
made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.10(a), bear
interest for one day. Each determination by the Administrative Agent of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error. 

(b) If, as a result of any restatement of or other adjustment to the financial statements of the Borrower or for any other reason, the
Borrower or the Lenders determine that (i) the Consolidated Leverage Ratio as calculated by the Borrower as of any applicable date was inaccurate and (ii) a proper calculation of the Consolidated Leverage Ratio would have resulted in
higher pricing for such period, the Borrower shall immediately and retroactively be obligated to pay to the Administrative Agent for the account of the applicable Lenders promptly on demand by the Administrative Agent (or, after the occurrence of an
actual or deemed entry of an order for relief with respect to the Borrower under the Bankruptcy Code of the United States, automatically and without further action by the Administrative Agent or any Lender), an amount equal to the excess of the
amount of interest and fees that should have been paid for such period over the amount of interest and fees actually paid for such period. This paragraph shall not limit 

  
 39 

 
the rights of the Administrative Agent or any Lender, as the case may be, under Section 2.06(b) or under Article VIII. The Borrower’s obligations under this paragraph
shall survive the termination of the Commitments and the repayment of all other Obligations hereunder. 
 2.09 Evidence of
Debt. The Credit Extensions made by each Lender shall be evidenced by one or more accounts or records maintained by such Lender and by the Administrative Agent in the ordinary course of business. The accounts or records maintained by the
Administrative Agent and each Lender shall be conclusive absent manifest error of the amount of the Credit Extensions made by the Lenders to the Borrower and the interest and payments thereon. Any failure to so record or any error in doing so shall
not, however, limit or otherwise affect the obligation of the Borrower hereunder to pay any amount owing with respect to the Obligations. In the event of any conflict between the accounts and records maintained by any Lender and the accounts and
records of the Administrative Agent in respect of such matters, the accounts and records of the Administrative Agent shall control in the absence of manifest error. Upon the request of any Lender to the Borrower made through the Administrative
Agent, the Borrower shall execute and deliver to such Lender (through the Administrative Agent) a Note, which shall evidence such Lender’s Loans in addition to such accounts or records. Each Lender may attach schedules to its Note and endorse
thereon the date, Type (if applicable), amount and maturity of its Loans and payments with respect thereto. 
 2.10 Payments
Generally; Administrative Agent’s Clawback. (a) General. All payments to be made by the Borrower shall be made without condition or deduction for any counterclaim, defense, recoupment or setoff. Except as otherwise expressly
provided herein, all payments by the Borrower hereunder shall be made to the Administrative Agent, for the account of the Lenders to which such payment is owed, at the Administrative Agent’s Office in Dollars and in immediately available funds
not later than 2:00 p.m. on the date specified herein. The Administrative Agent will promptly distribute to each Lender its Applicable Percentage (or other applicable share as provided herein) of such payment in like funds as received by wire
transfer to such Lender’s Lending Office. All payments received by the Administrative Agent after 2:00 p.m. shall be deemed received on the next succeeding Business Day and any applicable interest or fee shall continue to accrue. If any payment
to be made by the Borrower shall come due on a day other than a Business Day, payment shall be made on the next following Business Day, and such extension of time shall be reflected on computing interest or fees, as the case may be;
provided, however, that, if such extension would cause payment of interest on or principal of Eurodollar Rate Loans to be made in the next succeeding calendar month, such payment shall be made on the immediately preceding Business Day.

 (b) (i) Funding by Lenders; Presumption by Administrative Agent. Unless the Administrative Agent shall have received
notice from a Lender prior to the proposed date of any Borrowing of Eurodollar Rate Loans (or, in the case of any Borrowing of Base Rate Loans, prior to 12:00 noon on the date of such Borrowing) that such Lender will not make available to the
Administrative Agent such Lender’s share of such Borrowing, the Administrative Agent may assume that such Lender has made such share available on such date in accordance with Section 2.02 (or, in the case of a Borrowing of Base Rate
Loans, that such Lender has made such share available in accordance with and at the time required by Section 2.02) and may, in reliance upon such assumption, make available to the Borrower a corresponding amount. In such event, if a
Lender has not in fact made its share of the applicable Borrowing available to the Administrative 

  
 40 

 
Agent, then the applicable Lender and the Borrower severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount in immediately available funds with interest
thereon, for each day from and including the date such amount is made available to the Borrower to but excluding the date of payment to the Administrative Agent, at (A) in the case of a payment to be made by such Lender, the greater of the
Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation, plus any administrative, processing or similar fees customarily charged by the Administrative Agent in
connection with the foregoing, and (B) in the case of a payment to be made by the Borrower, the interest rate applicable to Base Rate Loans. If the Borrower and such Lender shall pay such interest to the Administrative Agent for the same or an
overlapping period, the Administrative Agent shall promptly remit to the Borrower the amount of such interest paid by the Borrower for such period. If such Lender pays its share of the applicable Borrowing to the Administrative Agent, then the
amount so paid shall constitute such Lender’s Loan included in such Borrowing. Any payment by the Borrower shall be without prejudice to any claim the Borrower may have against a Lender that shall have failed to make such payment to the
Administrative Agent. 
 (ii) Payments by Borrower; Presumptions by Administrative Agent. Unless the
Administrative Agent shall have received notice from the Borrower prior to the time at which any payment is due to the Administrative Agent for the account of the Lenders hereunder that the Borrower will not make such payment, the Administrative
Agent may assume that the Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Lenders, as the case may be, the amount due. In such event, if the Borrower has not in fact
made such payment, then each of the Lenders severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender, in immediately available funds with interest thereon, for each day from and including the
date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank
compensation. 
 A notice of the Administrative Agent to any Lender or the Borrower with respect to any amount owing under this
subsection (b) shall be conclusive, absent manifest error. 
 (c) Failure to Satisfy Conditions Precedent. If any
Lender makes available to the Administrative Agent funds for any Loan to be made by such Lender as provided in the foregoing provisions of this Article II, and such funds are not made available to the Borrower by the Administrative Agent
because the conditions to the applicable Credit Extension set forth in Article IV are not satisfied or waived in accordance with the terms hereof, the Administrative Agent shall return such funds (in like funds as received from such Lender)
to such Lender, without interest. 
 (d) Obligations of Lenders Several. The obligations of the Lenders hereunder to make
Loans and to make payments pursuant to Section 10.04(c) are several and not joint. The failure of any Lender to make any Loan, to fund any such participation or to make any payment under Section 10.04(c) on any date required
hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure 

  
 41 

 
of any other Lender to so make its Loan, to purchase its participation or to make its payment under Section 10.04(c). 

(e) Funding Source. Nothing herein shall be deemed to obligate any Lender to obtain the funds for any Loan in any particular place
or manner or to constitute a representation by any Lender that it has obtained or will obtain the funds for any Loan in any particular place or manner. 
 (f) Insufficient Funds. If at any time insufficient funds are received by and available to the Administrative Agent to pay fully all amounts of principal, interest and fees then due hereunder, such
funds shall be applied (i) first, toward payment of interest and fees then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest and fees then due to such parties, and
(ii) second, toward payment of principal then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal then due to such parties. 

2.11 Sharing of Payments by Lenders. If any Lender shall, by exercising any right of setoff or counterclaim or otherwise, obtain
payment in respect of (a) Obligations due and payable to such Lender hereunder and under the other Loan Documents at such time in excess of its ratable share (according to the proportion of (i) the amount of such Obligations due and
payable to such Lender at such time to (ii) the aggregate amount of the Obligations due and payable to all Lenders hereunder and under the other Loan Documents at such time) of payments on account of the Obligations due and payable to all
Lenders hereunder and under the other Loan Documents at such time obtained by all the Lenders at such time or (b) Obligations owing (but not due and payable) to such Lender hereunder and under the other Loan Documents at such time in excess of
its ratable share (according to the proportion of (i) the amount of such Obligations owing (but not due and payable) to such Lender at such time to (ii) the aggregate amount of the Obligations owing (but not due and payable) to all Lenders
hereunder and under the other Loan Parties at such time) of payment on account of the Obligations owing (but not due and payable) to all Lenders hereunder and under the other Loan Documents at such time obtained by all of the Lenders at such time
then the Lender receiving such greater proportion shall (a) notify the Administrative Agent of such fact, and (b) purchase (for cash at face value) participations in the Loans of the other Lenders, or make such other adjustments as shall
be equitable, so that the benefit of all such payments shall be shared by the Lenders ratably in accordance with the aggregate amount of Obligations then due and payable to the Lenders or owing (but not due and payable) to the Lenders, as the case
may be, provided that: 
 (i) if any such participations or subparticipations are purchased and all or any
portion of the payment giving rise thereto is recovered, such participations or subparticipations shall be rescinded and the purchase price restored to the extent of such recovery, without interest; and 

(ii) the provisions of this Section shall not be construed to apply to (A) any payment made by the Borrower pursuant
to and in accordance with the express terms of this Agreement or (B) any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans to any assignee or participant,

  
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other than to the Borrower or any Subsidiary thereof (as to which the provisions of this Section shall apply). 
 The Borrower consents to the foregoing and agrees, to the extent it may effectively do so under applicable law, that any Lender acquiring a participation pursuant to the foregoing arrangements may
exercise against the Borrower rights of setoff and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of the Borrower in the amount of such participation. 

2.12 Defaulting Lenders. (a) Adjustments. Notwithstanding anything to the contrary contained in this Agreement, if any
Lender becomes a Defaulting Lender, then, until such time as that Lender is no longer a Defaulting Lender, to the extent permitted by applicable Law: 
 (i) Waivers and Amendments. That Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent with respect to this Agreement shall be restricted as set forth in
Section 10.01. 
 (ii) Reallocation of Payments. Any payment of principal, interest, fees or
other amounts received by the Administrative Agent for the account of that Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article VIII or otherwise, and including any amounts made available to the Administrative
Agent by that Defaulting Lender pursuant to Section 10.08), shall be applied at such time or times as may be determined by the Administrative Agent as follows: first, to the payment of any amounts owing by that Defaulting Lender
to the Administrative Agent hereunder; second, as the Borrower may request (so long as no Default or Event of Default exists), to the funding of any Loan in respect of which that Defaulting Lender has failed to fund its portion thereof as
required by this Agreement, as determined by the Administrative Agent; third, if so determined by the Administrative Agent and the Borrower, to be held in a non-interest bearing deposit account and released in order to satisfy obligations of
that Defaulting Lender to fund Loans under this Agreement; fourth, to the payment of any amounts owing to the Lenders as a result of any judgment of a court of competent jurisdiction obtained by any Lender against that Defaulting Lender as a
result of that Defaulting Lender’s breach of its obligations under this Agreement; fifth, so long as no Default or Event of Default exists, to the payment of any amounts owing to the Borrower as a result of any judgment of a court of
competent jurisdiction obtained by the Borrower against that Defaulting Lender as a result of that Defaulting Lender’s breach of its obligations under this Agreement; and sixth, to that Defaulting Lender or as otherwise directed by a
court of competent jurisdiction. Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post Cash Collateral pursuant to this
Section 2.12(a)(ii) shall be deemed paid to and redirected by that Defaulting Lender, and each Lender irrevocably consents hereto. 
 (b) Defaulting Lender Cure. If the Borrower, the Administrative Agent agree in writing in their sole discretion that a Defaulting Lender should no longer be deemed to be a Defaulting Lender, 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, that Lender will, to the extent applicable, purchase that portion of outstanding
Loans of the other 

  
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Lenders or take such other actions as the Administrative Agent may determine to be necessary to cause the committed Loans to be held on a pro rata basis by the Lenders in accordance with their
Applicable Percentages, whereupon that Lender will cease to be a Defaulting Lender; provided that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the Borrower while that Lender was a
Defaulting Lender; and provided, further, that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim of any party
hereunder arising from that Lender’s having been a Defaulting Lender. 
 ARTICLE III 

TAXES, YIELD PROTECTION AND ILLEGALITY 
 3.01 Taxes. (a) Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes. (i) Any and all payments by or on account of any obligation of the Borrower hereunder
or under any other Loan Document shall to the extent permitted by applicable Laws be made free and clear of and without reduction or withholding for any Taxes. If, however, applicable Laws require the Borrower or the Administrative Agent to withhold
or deduct any Tax, such Tax shall be withheld or deducted in accordance with such Laws as determined by the Borrower or the Administrative Agent, as the case may be, upon the basis of the information and documentation to be delivered pursuant to
subsection (e) below. 
 (ii) If the Borrower or the Administrative Agent shall be required by the Code or
other applicable Laws to withhold or deduct any Taxes, including withholding taxes imposed by a Governmental Authority, from any payment, then (A) the Administrative Agent shall withhold or make such deductions as are determined by the
Administrative Agent to be required based upon the information and documentation it has received pursuant to subsection (e) below, (B) the Administrative Agent shall timely pay the full amount withheld or deducted to the relevant
Governmental Authority in accordance with the Code or other applicable Laws, and (C) to the extent that the withholding or deduction is made on account of Indemnified Taxes or Other Taxes, the sum payable by the Borrower shall be increased as
necessary so that after any required withholding or the making of all required deductions (including deductions applicable to additional sums payable under this Section) the Administrative Agent or Lender, as the case may be, receives an amount
equal to the sum it would have received had no such withholding or deduction been made. 
 (b) Payment of Other Taxes by the
Borrower. Without limiting the provisions of subsection (a) above, the Borrower shall timely pay any Other Taxes to the relevant Governmental Authority in accordance with applicable law. 

(c) Tax Indemnifications. (i) Without limiting the provisions of subsection (a) or (b) above, the Borrower shall,
and does hereby indemnify the Administrative Agent and each Lender and shall make payment in respect thereof within 10 days after demand therefor, for the full amount of any Indemnified Taxes or Other Taxes (including Indemnified Taxes or Other
Taxes imposed or asserted on or attributable to amounts payable under this Section) withheld or deducted by the Borrower or the Administrative Agent or paid by the Administrative Agent, such Lender, as the case may be, and any penalties and interest
arising therefrom or with respect 

  
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thereto (other than any penalties and interest attributable to the gross negligence or willful misconduct of the Administrative Agent or any Lender, as determined in a final, non-appealable
judgment by a court of competent jurisdiction), whether or not such Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. The Borrower shall also, and does hereby, indemnify the
Administrative Agent, and shall make payment in respect thereof within 10 days after demand therefor, for any amount which a Lender for any reason fails to pay indefeasibly to the Administrative Agent as required by clause (ii) of this
subsection. A certificate as to the amount of any such payment or liability delivered to the Borrower by a Lender (with a copy to the Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of a Lender, shall be
conclusive absent manifest error. 
 (ii) Without limiting the provisions of subsection (a) or
(b) above, each Lender shall, and does hereby, indemnify the Borrower and the Administrative Agent, and shall make payment in respect thereof within 10 days after demand therefor, against any and all Taxes and any and all related losses,
claims, liabilities, penalties, interest and expenses (including the fees, charges and disbursements of any counsel for the Borrower or the Administrative Agent) incurred by or asserted against the Borrower or the Administrative Agent by any
Governmental Authority as a result of the failure by such Lender, as the case may be, to deliver, or as a result of the inaccuracy, inadequacy or deficiency of, any documentation required to be delivered by such Lender, as the case may be, to the
Borrower or the Administrative Agent pursuant to subsection (e). Each Lender hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender, as the case may be, under this Agreement or any other
Loan Document against any amount due to the Administrative Agent under this clause (ii). The agreements in this clause (ii) shall survive the resignation and/or replacement of the Administrative Agent, any assignment of rights by, or the
replacement of, a Lender, the termination of the Aggregate Commitments and the repayment, satisfaction or discharge of all other Obligations. 
 (d) Evidence of Payments. Upon request by the Borrower or the Administrative Agent, as the case may be, after any payment of Taxes by the Borrower or the Administrative Agent to a Governmental
Authority as provided in this Section 3.01, the Borrower shall deliver to the Administrative Agent or the Administrative Agent shall deliver to the Borrower the original or a certified copy of a receipt issued by such Governmental
Authority evidencing such payment, a copy of any return required by Laws to report such payment or other evidence of such payment reasonably satisfactory to the Borrower or the Administrative Agent, as the case may be. 

(e) Status of Lenders; Tax Documentation. (i) Each Lender shall deliver to the Borrower and to the Administrative Agent, at
the time it becomes a party to this Agreement or when reasonably requested by the Borrower or the Administrative Agent, such properly completed and executed documentation prescribed by applicable Laws or by the taxing authorities of any jurisdiction
and such other reasonably requested information as will permit the Borrower or the Administrative Agent, as the case may be, to determine (A) whether or not payments made hereunder or under any other Loan Document are subject to Taxes,
(B) if applicable, the required rate of withholding or deduction, and (C) such Lender’s entitlement to any available exemption from, or reduction of, applicable Taxes in respect of all payments to be

  
 45 

 
made to such Lender by the Borrower pursuant to this Agreement or otherwise to establish such Lender’s status for withholding tax purposes in the applicable jurisdiction. 

(ii) Without limiting the generality of the foregoing, if the Borrower is resident for tax purposes in the United States,

 (A) any Lender that is a “United States person” within the meaning of Section 7701(a)(30) of
the Code shall deliver to the Borrower and the Administrative Agent executed originals of Internal Revenue Service Form W-9 or such other documentation or information prescribed by applicable Laws or reasonably requested by the Borrower or the
Administrative Agent as will enable the Borrower or the Administrative Agent, as the case may be, to determine whether or not such Lender is subject to backup withholding or information reporting requirements; and 

(B) each Foreign Lender that is entitled under the Code or any applicable treaty to an exemption from or reduction of
withholding tax with respect to payments hereunder or under any other Loan Document shall deliver to the Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such
Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the request of the Borrower or the Administrative Agent, but only if such Foreign Lender is legally entitled to do so), whichever of the following is
applicable: 
 (I) executed originals of Internal Revenue Service Form W-8BEN claiming eligibility for benefits
of an income tax treaty to which the United States is a party, 
 (II) executed originals of Internal Revenue
Service Form W-8ECI, 
 (III) executed originals of Internal Revenue Service Form W-8IMY and all required
supporting documentation, 
 (IV) in the case of a Foreign Lender claiming the benefits of the exemption for
portfolio interest under section 881(c) of the Code, (x) a certificate to the effect that such Foreign Lender is not (A) a “bank” within the meaning of section 881(c)(3)(A) of the Code, (B) a “10 percent
shareholder” of the Borrower within the meaning of section 881(c)(3)(B) of the Code, or (C) a “controlled foreign corporation” described in section 881(c)(3)(C) of the Code and (y) executed originals of Internal Revenue
Service Form W-8BEN, or 
 (V) executed originals of any other form prescribed by applicable Laws as a basis for
claiming exemption from or a reduction in United States Federal withholding tax together with such supplementary documentation as may be prescribed by applicable Laws to permit the 

  
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Borrower or the Administrative Agent to determine the withholding or deduction required to be made. 
 (C) If a payment made to a Foreign Lender would be subject to United States federal withholding tax imposed by FATCA if such Foreign Lender fails to comply with the applicable reporting requirements of
FATCA, such Foreign Lender shall deliver to the Administrative Agent and the Borrower any documentation required under any Law or reasonably requested by the Administrative Agent or the Borrower sufficient for the Administrative Agent or the
Borrower to comply with their obligations under FATCA and to determine that such Foreign Lender has complied with such applicable reporting requirements. 
 (iii) Each Lender shall promptly (A) notify the Borrower and the Administrative Agent of any change in circumstances which would modify or render invalid any claimed exemption or reduction, and
(B) take such steps as shall not be materially disadvantageous to it, in the reasonable judgment of such Lender, and as may be reasonably necessary (including the re-designation of its Lending Office) to avoid any requirement of applicable Laws
of any jurisdiction that the Borrower or the Administrative Agent make any withholding or deduction for taxes from amounts payable to such Lender. Notwithstanding anything to the contrary in this Section, no Lender shall be required to deliver any
documentation that it is not legally eligible to deliver. 
 (f) Treatment of Certain Refunds. Unless required by
applicable Laws, at no time shall the Administrative Agent have any obligation to file for or otherwise pursue on behalf of a Lender, or have any obligation to pay to any Lender, any refund of Taxes withheld or deducted from funds paid for the
account of such Lender. If the Administrative Agent or any Lender, in its sole discretion, that it has received a refund of any Taxes or Other Taxes as to which it has been indemnified by the Borrower or with respect to which the Borrower has paid
additional amounts pursuant to this Section, it shall pay to the Borrower an amount equal to such refund (but only to the extent of indemnity payments made, or additional amounts paid, by the Borrower under this Section with respect to the Taxes or
Other Taxes giving rise to such refund), net of all out-of-pocket expenses (including any loss or gain realized in the conversion of such funds from or to another currency) incurred by the Administrative Agent or such Lender, as the case may be, and
without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund), provided that the Borrower, upon the request of the Administrative Agent or such Lender, agrees to repay the amount paid over
to the Borrower (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to the Administrative Agent or such Lender in the event the Administrative Agent or such Lender is required to repay such refund to such
Governmental Authority. This subsection shall not be construed to require the Administrative Agent or any Lender to make available its tax returns (or any other information relating to its taxes that it deems confidential) to the Borrower or any
other Person. 
 3.02 Illegality. If any Lender determines that any Law has made it unlawful, or that any Governmental
Authority has asserted that it is unlawful, for any Lender or its applicable Lending Office to make, maintain or fund Eurodollar Rate Loans, or to determine or charge 

  
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interest rates based upon the Eurodollar Rate, or any Governmental Authority has imposed material restrictions on the authority of such Lender to purchase or sell, or to take deposits of, Dollars
in the London interbank market, then, on notice thereof by such Lender to the Borrower through the Administrative Agent, any obligation of such Lender to make or continue Eurodollar Rate Loans or to convert Base Rate Loans to Eurodollar Rate Loans
shall be suspended until such Lender notifies the Administrative Agent and the Borrower that the circumstances giving rise to such determination no longer exist. Upon receipt of such notice, the Borrower shall, upon demand from such Lender (with a
copy to the Administrative Agent), prepay or, if applicable, convert all Eurodollar Rate Loans of such Lender to Base Rate Loans, either on the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain such
Eurodollar Rate Loans to such day, or immediately, if such Lender may not lawfully continue to maintain such Eurodollar Rate Loans. Upon any such prepayment or conversion, the Borrower shall also pay accrued interest on the amount so prepaid or
converted. 
 3.03 Inability to Determine Rates. If the Required Lenders determine that for any reason in connection with
any request for a Eurodollar Rate Loan or a conversion to or continuation thereof that (a) Dollar deposits are not being offered to banks in the London interbank eurodollar market for the applicable amount and Interest Period of such Eurodollar
Rate Loan, (b) adequate and reasonable means do not exist for determining the Eurodollar Rate for any requested Interest Period with respect to a proposed Eurodollar Rate Loan, or (c) the Eurodollar Rate for any requested Interest Period
with respect to a proposed Eurodollar Rate Loan does not adequately and fairly reflect the cost to such Lenders of funding such Loan, the Administrative Agent will promptly so notify the Borrower and each Lender. Thereafter, the obligation of the
Lenders to make or maintain Eurodollar Rate Loans shall be suspended until the Administrative Agent (upon the instruction of the Required Lenders) revokes such notice. Upon receipt of such notice, the Borrower may revoke any pending request for a
Borrowing of, conversion to or continuation of Eurodollar Rate Loans or, failing that, will be deemed to have converted such request into a request for a Borrowing of Base Rate Loans in the amount specified therein. 

3.04 Increased Costs. (a) Increased Costs Generally. If any Change in Law shall: 

(i) impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or similar
requirement against assets of, deposits with or for the account of, or credit extended or participated in by, any Lender (except any reserve requirement); 
 (ii) subject any Lender to any tax of any kind whatsoever with respect to this Agreement or any Eurodollar Rate Loan made by it, or change the basis of taxation of payments to such Lender in respect
thereof (except for Indemnified Taxes or Other Taxes covered by Section 3.01 and the imposition of, or any change in the rate of, any Excluded Tax payable by such Lender); or 

(iii) impose on any Lender or the London interbank market any other condition, cost or expense affecting this Agreement or
Eurodollar Rate Loans made by such Lender; 

  
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 and the result of any of the foregoing shall be to increase the cost to such Lender of making or maintaining
any Eurodollar Rate Loan (or of maintaining its obligation to make any such Loan), or to increase the cost to such Lender, or to reduce the amount of any sum received or receivable by such Lender hereunder (whether of principal, interest or any
other amount) then, upon request of such Lender, the Borrower will pay to such Lender, as the case may be, such additional amount or amounts as will compensate such Lender, as the case may be, for such additional costs incurred or reduction
suffered. 
 (b) Capital Requirements. If any Lender determines that any Change in Law affecting such Lender or any
Lending Office of such Lender or such Lender’s holding company, if any, regarding capital requirements has or would have the effect of reducing the rate of return on such Lender’s capital or on the capital of such Lender’s holding
company, if any, as a consequence of this Agreement, the Commitments of such Lender or the Loans made by such Lender to a level below that which such Lender or such Lender’s holding company could have achieved but for such Change in Law (taking
into consideration such Lender’s policies and the policies of such Lender’s holding company with respect to capital adequacy), then from time to time the Borrower will pay to such Lender such additional amount or amounts as will compensate
such Lender or such Lender’s holding company for any such reduction suffered. 
 (c) Certificates for Reimbursement.
A certificate of a Lender setting forth the amount or amounts necessary to compensate such Lender or its holding company, as the case may be, as specified in subsection (a) or (b) of this Section and delivered to the Borrower shall be
conclusive absent manifest error. The Borrower shall pay such Lender the amount shown as due on any such certificate within 10 days after receipt thereof. 
 (d) Delay in Requests. Failure or delay on the part of any Lender to demand compensation pursuant to the foregoing provisions of this Section shall not constitute a waiver of such Lender’s
right to demand such compensation, provided that the Borrower shall not be required to compensate a Lender pursuant to the foregoing provisions of this Section for any increased costs incurred or reductions suffered more than nine months
prior to the date that such Lender notifies the Borrower of the Change in Law giving rise to such increased costs or reductions and of such Lender’s intention to claim compensation therefor (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). 
 3.05 Compensation for Losses. Upon demand of any Lender (with a copy to the Administrative Agent) from time to time, the Borrower shall promptly compensate such Lender for and hold such Lender
harmless from any loss, cost or expense incurred by it as a result of: 
 (a) any continuation, conversion, payment or
prepayment of any Loan other than a Base Rate Loan on a day other than the last day of the Interest Period for such Loan (whether voluntary, mandatory, automatic, by reason of acceleration, or otherwise); or 

(b) any failure by the Borrower (for a reason other than the failure of such Lender to make a Loan) to prepay, borrow, continue or
convert any Loan other than a Base Rate Loan on the date or in the amount notified by the Borrower; 

  
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 including any loss of anticipated profits and any loss or expense arising from the liquidation or
reemployment of funds obtained by it to maintain such Loan or from fees payable to terminate the deposits from which such funds were obtained. The Borrower shall also pay any customary administrative fees charged by such Lender in connection with
the foregoing. 
 For purposes of calculating amounts payable by the Borrower to the Lenders under this Section 3.05, each Lender
shall be deemed to have funded each Eurodollar Rate Loan made by it at the Eurodollar Rate for such Loan by a matching deposit or other borrowing in the London interbank eurodollar market for a comparable amount and for a comparable period, whether
or not such Eurodollar Rate Loan was in fact so funded. 
 3.06 Mitigation Obligations; Replacement of Lenders.
Designation of a Different Lending Office. If any Lender requests compensation under Section 3.04, or the Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender
pursuant to Section 3.01, or if any Lender gives a notice pursuant to Section 3.02, then such Lender shall use reasonable efforts to designate a different Lending Office for funding or booking its Loans hereunder or to assign
its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 3.01 or
3.04, as the case may be, in the future, or eliminate the need for the notice pursuant to Section 3.02, as applicable, and (ii) in each case, would not subject such Lender to any unreimbursed cost or expense and would not
otherwise be disadvantageous to such Lender. The Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment. 

3.07 Survival. All of the Borrower’s obligations under this Article III shall survive termination of the Aggregate
Commitments, repayment of all other Obligations hereunder, and resignation of the Administrative Agent. 
 ARTICLE IV 

CONDITIONS PRECEDENT TO CREDIT EXTENSION 
 4.01 Conditions of Credit Extension. The obligation of each Lender to make its Credit Extension hereunder is subject to satisfaction of the following conditions precedent: 

(a) The Administrative Agent’s receipt of the following, each of which shall be originals or telecopies (followed promptly by
originals) unless otherwise specified, each properly executed by a Responsible Officer of the signing Loan Party, each dated the Closing Date (or, in the case of certificates of governmental officials, a recent date before the Closing Date) and each
in form and substance satisfactory to the Administrative Agent and each of the Lenders: 
 (i) executed
counterparts of this Agreement and the Guaranty; 
 (ii) a Note executed by the Borrower in favor of each Lender
requesting a Note at least two Business Days prior to the Closing Date; 
 (iii) subject to the final paragraph
of this Section 4.01, a security agreement, in substantially the form of Exhibit F (together with each other security agreement and 

  
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security agreement supplement delivered pursuant to Section 6.12, in each case as amended, the “Security Agreement”), duly executed by each Loan Party, together with:

 (A) certificates representing the Pledged Securities referred to therein accompanied by undated stock powers
executed in blank and instruments evidencing the Pledged Debt indorsed in blank, 
 (B) proper financing
statements, duly prepared for filing under the Uniform Commercial Code or other applicable Law in all jurisdictions necessary in order to perfect and protect the Liens created under the Security Agreements (in the circumstances and to the extent
required under such Security Agreements), covering the Collateral described in the Security Agreement, 
 (C)
completed requests for information, dated on or before the date of the initial Credit Extension, listing all effective financing statements filed in the jurisdictions referred to in clause (B) above that name any Loan Party as debtor, together
with copies of such other financing statements, 
 (D) evidence of the completion of all other actions,
recordings and filings of or with respect to the Security Agreement that the Administrative Agent may deem necessary in order to perfect the Liens created thereby (or evidence that such actions, recordings and filings shall be completed concurrently
with the initial borrowing under the Facility), 
 (E) the Account Control Agreements and the Securities Account
Control Agreement, in each case as referred to in, and required pursuant to, the Security Agreement and duly executed by the appropriate parties, and 
 (F) evidence that all other actions that the Administrative Agent may deem necessary or desirable in order to perfect the Liens created under the Security Agreement has been taken (or shall be taken
concurrently with the initial borrowing under the Facility) (including receipt of duly executed payoff letters, UCC-3 termination statements and consent agreements); and 

(iv) subject to the final paragraph of this Section 4.01, deeds of trust, trust deeds, deeds to secure debt,
and mortgages, in substantially the form of Exhibit G (with such changes as may be satisfactory to the Administrative Agent and its counsel to account for local law matters) and covering the properties listed on Schedule 4.01(a)(iv)
(together with the Assignments of Leases and Rents referred to therein and each other mortgage delivered pursuant to Section 6.12, in each case as amended, the “Mortgages”), duly executed by the appropriate Loan Party,
together with the items set forth on Schedule 4.01(a)(iv). 
 (v) subject to the last paragraph of this
Section 4.01, an intellectual property security agreement, in substantially the form of Exhibit H (together with each other intellectual property security agreement and intellectual property security agreement supplement delivered
pursuant to Section 6.12, in each case as amended, the “Intellectual Property Security Agreement”), duly executed by each Loan Party, together with 

  
 51 

 
evidence that all action that the Administrative Agent may deem necessary in order to perfect the Liens created under the Intellectual Property Security Agreement has been taken (or evidence that
such actions, recordings and filings shall be completed concurrently with the initial borrowing under the Facility); 
 (vi) such certificates of resolutions or other action, incumbency certificates and/or other certificates of Responsible Officers of each Loan Party as the Administrative Agent may require evidencing the
identity, authority and capacity of each Responsible Officer thereof authorized to act as a Responsible Officer in connection with this Agreement and the other Loan Documents to which such Loan Party is a party or is to be a party; 

(vii) such documents and certifications as the Administrative Agent may reasonably require to evidence that each Loan
Party is duly organized or formed, and that each Loan Party is validly existing, in good standing and qualified to engage in business in each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires
such qualification, except to the extent that failure to do so would not reasonably be expected to have a Material Adverse Effect; 
 (viii) a favorable opinion of Jones Day, counsel to the Loan Parties, addressed to the Administrative Agent and each Lender, in form and substance reasonably satisfactory to the Administrative Agent;

 (ix) a favorable opinion of (A) Lewis Brisbois Bisgaard & Smith LLP, local counsel to the Loan
Parties in Nevada and (B) Levett Rockwood P.C., local counsel to the Loan Parties in Connecticut, in each case, addressed to the Administrative Agent and each Lender, in form and substance reasonably satisfactory to the Administrative Agent;

 (x) (A) (1) the consolidated balance sheet of each of the Borrower and the Acquired Business as of
the end of fiscal year ending December 31, 2010 and related consolidated statements of operations, cash flows and shareholders’ equity, accompanied by an unqualified report thereon of Ernst & Young, with respect to the Borrower
and its subsidiaries and McGladrey, with respect to the Acquired Business and its subsidiaries and (2) an unaudited balance sheet and related statements of operations and cash flows of each of the Borrower and of the Acquired Business for each
fiscal quarter ending more than 45 days prior to the Closing Date and for the elapsed period of the 2011 fiscal year and for the comparable periods of the prior fiscal year (the “Quarterly Financial Statements”); and (B) the
Lead Arrangers shall have received pro forma balance sheet and related statement of operations of the Borrower for fiscal year 2010 and for the latest four-quarter period ending with the latest fiscal quarter covered by the Quarterly Financial
Statements in each case after giving effect to the Transaction (the “Pro Forma Financial Statements”), promptly after the historical financial statements for such periods are available; 

(xi) forecasts prepared by management of income statements for each month for the twelve months following the Closing Date
and balance sheets, income statements 

  
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and cash flow statements for each year on an annual basis commencing with the first fiscal year following the Closing Date for the term of the Facility; 

(xii) certificates attesting to the Solvency of the Borrower and its Subsidiaries, taken as a whole, after giving effect
to the Transaction, from the Borrower’s chief financial officer; 
 (xiii) evidence that all insurance
required to be maintained pursuant to the Loan Documents has been obtained and is in effect, together with the certificates of insurance, naming the Administrative Agent, on behalf of the Lenders, as an additional insured or loss payee, as the case
may be and as required under the Loan Documents, under all insurance policies maintained with respect to the assets and properties of the Loan Parties that constitutes Collateral; 

(xiv) a Committed Loan Notice relating to the Borrowing; 

(xv) certified copies of each of the Merger Documents, duly executed by the parties thereto; 

(xvi) a certificate of merger or other confirmation satisfactory to the Lenders of the consummation of the Merger from the
Secretary of State of the State of Delaware; and 
 (xvii) copies of the ABL Loan Documents, which shall be in
full force and effect and all conditions to the extension of credit thereunder shall have been satisfied. 
 (b) (i) All fees
required to be paid to the Administrative Agent and the Lead Arrangers on or before the Closing Date shall have been paid and (ii) all fees required to be paid to the Lenders on or before the Closing Date shall have been paid (or, in each case,
shall be paid concurrently with the initial borrowing under the Facility). 
 (c) the Borrower shall have paid (or shall be paid
concurrently with the initial borrowing under the Facility) the reasonable fees and expenses of the Administrative Agent, the Lead Arrangers and the Lenders (including, without limitation, fees and reasonable out-of-pocket expenses of counsel to the
Administrative Agent and the Lead Arrangers), in each case that have been invoiced two (2) Business Days prior to the Closing Date (and which shall include reasonable estimate of such fees, charges and disbursements incurred or to be incurred
by it). 
 (d) the Merger shall have been consummated, or shall be consummated substantially concurrently with the initial
borrowing under the Facility, in accordance with the Merger Agreement and without giving effect to any amendments thereto or waivers thereof that are materially adverse to the Lenders (in their capacity as such) without the consent of the Lead
Arrangers (it being understood that a reduction in the acquisition consideration in excess of 10% shall be deemed materially adverse). 
 (e) on the Closing Date, after giving effect to the Merger and the other Transactions, neither the Borrower nor any of its Subsidiaries shall have any outstanding Indebtedness for borrowed money other
than the Facility and other Indebtedness permitted by Section 7.02. 

  
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 (f) since December 31, 2010, there has not occurred an Acquired Business Material
Adverse Effect. 
 (g) the Administrative Agent shall have received, at least five days prior to the Closing Date, all
documentation and other information required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including the Patriot Act, to the extent such information is requested by the
Administrative Agent at least ten days prior to the Closing Date. 
 (h) the accuracy (x) in all material respects (or in
all respects where qualified by materiality or material adverse effect), with respect to the Borrower and its subsidiaries (before and after giving effect to the Merger), of the Specified Representations and (y) with respect to the Acquired
Business and its subsidiaries (before and after giving effect to the Merger), the Closing Date Representations. 
 (i) The
Intercreditor Agreement, the 2015 Note Intercreditor Agreement and the Acknowledgment shall have been duly executed and delivered by each party thereto, and shall be in full force and effect. 

(j) The Intercompany Subordination Agreement shall have been duly executed and delivered by each Domestic Subsidiary that is not a Loan
Party, and shall be in full force and effect. 
 Without limiting the generality of the provisions of the last paragraph of
Section 9.03, for purposes of determining compliance with the conditions specified in this Section 4.01, each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied
with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the proposed Closing Date
specifying its objection thereto. 
 Notwithstanding anything to the contrary in this Section 4.01, to the extent
that any Collateral (or the creation or perfection of any security interest therein), in each case intended to be made or granted (determined in accordance with the principles set forth in Section 6.12), is not or cannot be made or
granted on the Closing Date (other than (i) Uniform Commercial Code lien searches, (ii) the pledge and perfection of collateral with respect to which a lien may be perfected upon the Closing Date solely by the filing of financing
statements under the Uniform Commercial Code and (iii) the pledge and perfection of security interests in the Equity Interests of each Domestic Subsidiary of a Loan Party (other than an Excluded Subsidiary) in each case with respect to which a
Lien may be perfected upon the Closing Date by the delivery of a stock certificate to the extent such Equity Interests are evidenced by a stock certificate) after use by the Borrower of commercially reasonable efforts to do so or without undue
burden or expense, then the provision of any such Collateral (or creation or perfection of a security interest therein) shall not constitute a condition precedent to the Credit Extensions, but shall be required to be delivered within the time
periods specified in Section 6.17. It is acknowledged and agreed that the Collateral Documents set forth in Section 6.17 shall not be provided on the Closing Date but 

  
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shall be delivered within the periods specified in Section 6.17 (or such longer period as the Administrative Agent, in its discretion, shall have agreed). 

ARTICLE V 

REPRESENTATIONS AND WARRANTIES 
 The Borrower represents and warrants to the Administrative Agent and the Lenders that: 
 5.01 Existence, Qualification and Power. Each Loan Party (a) is duly organized or formed, validly existing and, as applicable, in good standing under the Laws of the jurisdiction of its
incorporation or organization, (b) has all requisite corporate or other organizational power and authority to (i) own or lease its assets and carry on its business and (ii) execute, deliver and perform its obligations under the Loan
Documents to which it is a party and consummate the Transactions contemplated hereby, and (c) is duly qualified and is licensed and, as applicable, in good standing under the Laws of each jurisdiction where its ownership, lease or operation of
properties or the conduct of its business requires such qualification or license; except in each case referred to in clause (b)(i) or (c), to the extent that failure to do so would not reasonably be expected to have a Material Adverse Effect.

 5.02 Authorization; No Conflict. (a) As to each Loan Party, the execution, delivery, and performance by such Loan
Party of the Loan Documents to which it is a party have been duly authorized by all necessary corporate or organizational action on the part of such Loan Party. 
 (b) Neither the execution and delivery of this Agreement or the other Loan Documents by any Loan Party nor the consummation of the Transactions, contemplated or compliance with the terms and provisions
hereof or thereof by any of them will conflict with, constitute a default under or result in (a) any breach of (i) the terms and conditions of the certificate of incorporation, bylaws, certificate of limited partnership, partnership
agreement, certificate of formation, limited liability company agreement or other Organization Documents of any Loan Party or (ii) any Law or any material agreement or instrument or order, writ, judgment, injunction or decree to which any Loan
Party or any of its Subsidiaries is a party or by which it or any of its Subsidiaries is bound or to which it is subject, except where such conflict or default would not individually or in the aggregate reasonably be expected to have a Material
Adverse Effect or (b) the creation or enforcement of any Lien, charge or encumbrance whatsoever upon any property (now or hereafter acquired) of any Loan Party or any of its Subsidiaries (other than Liens granted under the Loan Documents or
permitted under Section 7.01). 
 5.03 Governmental Authorization; Other Consents. No approval, consent, exemption,
authorization, or other action by, or notice to, or filing with, any Governmental Authority or any other Person is required in connection with (a) the execution, delivery or performance by, or enforcement against, any Loan Party of this
Agreement or any other Loan Document or for the consummation of the transactions contemplated thereby, (b) the grant by any Loan Party of the Liens granted by it pursuant to the Collateral Documents, or (c) the perfection of the Liens
created under the Collateral Documents (including the first priority nature thereof to the extent required by the Loan Documents) except (i) for those registrations, exemptions, orders, 

  
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authorizations, consents, approvals, notices or other actions that have been made, obtained, given or taken, (ii) filings and recordings with respect to the Collateral to be made, or
otherwise delivered to Administrative Agent for filing and/or recordation, as of the Closing Date, or (iii) those approvals, consents, exemptions, authorizations or other actions, notices or filings, the failure of which to obtain or make would
not reasonably be expected to have a Material Adverse Effect. 
 5.04 Binding Effect. (a) Each Loan Document has
been duly executed and delivered by each Loan Party that is a party thereto and is the legally valid and binding obligation of such Loan Party, enforceable against such Loan Party in accordance with its respective terms, except as enforcement may be
limited by equitable principles or by bankruptcy, insolvency, reorganization, moratorium, or similar laws relating to or limiting creditors’ rights generally. 
 (b) The Liens in the Collateral granted to the Administrative Agent for the benefit of the Lenders pursuant to the Collateral Documents constitute, to the extent required by the Collateral Documents,
first priority Liens, subject only to Permitted Encumbrances, Permitted Liens or other liens permitted by the Loan Documents. Except for filings contemplated on the Closing Date or such later date as is contemplated by this Agreement and the
Collateral Documents, no filings will be required to perfect such Liens. 
 (c) [Reserved]. 

(d) As of the closing date, the inventory and equipment (other than vehicles or equipment out for repair) of the Borrower and the other
Loan Parties are not stored with a bailee, warehouseman, or similar party other than those identified on Schedule 5.04(d) and are otherwise located only at, or in-transit between or to, the locations identified on Schedule 5.04(d).

 5.05 Financial Statements; No Material Adverse Effect. (a) (i) The Borrower Audited Financial Statements
(A) were prepared in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein; (B) fairly present in all material respects the financial condition of the Borrower and its
Subsidiaries (before giving effect to the Acquisition) as of the date thereof and their results of operations for the period covered thereby in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise
expressly noted therein; and (C) show all material indebtedness and other liabilities, direct or contingent, of the Borrower and its Subsidiaries (before giving effect to the Acquisition) as of the date thereof, including liabilities for taxes,
material commitments and Indebtedness, in each case to the extent required by GAAP. 
 (ii) To the knowledge of
the Borrower, the Acquired Business Audited Financial Statements (A) were prepared in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein; (B) fairly present in all
material respects the financial condition of the Acquired Business and its Subsidiaries (before giving effect to the Acquisition) as of the date thereof and their results of operations for the period covered thereby in accordance with GAAP
consistently applied throughout the period covered thereby. 

  
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 (b) The unaudited consolidated balance sheet of the Borrower and its Subsidiaries dated
September 30, 2011, and the related consolidated statements of operations, shareholders’ equity and cash flows for the fiscal quarter ended on that date (i) were prepared in accordance with GAAP consistently applied throughout the
period covered thereby, except as otherwise expressly noted therein and (ii) fairly present in all material respects the financial condition of the Borrower and its Subsidiaries as of the date thereof and their results of operations for the
period covered thereby, subject, in the case of clauses (i) and (ii), to the absence of footnotes and to normal year-end audit adjustments. 
 (c) Since the date of the Audited Financial Statements, there has been no event or circumstance, either individually or in the aggregate, that has had or would reasonably be expected to have a Material
Adverse Effect. 
 (d) The Pro Forma Financial Statements fairly present in all material respects the consolidated pro forma
financial condition of the Borrower and its Subsidiaries as at such date and the consolidated pro forma results of operations of the Borrower and its Subsidiaries for the period ended on such date, all in accordance with GAAP. 

(e) The consolidated forecasted balance sheet and statements of income and cash flows of the Borrower and its Subsidiaries delivered
prior to the Closing Date or pursuant to Section 6.01(c) were prepared in good faith on the basis of the assumptions stated therein, which assumptions were believed by the Borrower to be reasonable at the time such forecasted information
was prepared. 
 5.06 Litigation. (a) There are no actions, suits, proceedings, claims or disputes pending or, to
the knowledge of the Borrower, threatened, at law, in equity, in arbitration or before any Governmental Authority, by or against the Borrower or any of its Subsidiaries that (i) purport to affect or pertain to this Agreement, any other Loan
Document, any Merger Document or the consummation of the Transaction or (ii) has or, if adversely determined, would reasonably be expected to have, a Material Adverse Effect. 

5.07 No Default. Neither the Borrower nor any of its Restricted Subsidiaries is in default under or with respect to, or a party
to, any Contractual Obligation, which default would, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. No Default has occurred and is continuing or would result from the consummation of the
transactions contemplated by this Agreement or any other Loan Document. 
 5.08 Ownership of Property; Liens;
Investments. (a) Each of the Loan Parties and its Restricted Subsidiaries has (i) good record and marketable legal and insurable fee simple title, subject only to Permitted Encumbrances, Liens permitted by the Loan Documents and other
Liens acceptable to Administrative Agent, to (in the case of fee interests in real property), (ii) valid leasehold interests, subject only to Permitted Encumbrances, Liens permitted by the Loan Documents and other Liens acceptable to
Administrative Agent, in (in the case of leasehold interests in real or personal property), and (iii) good and marketable title, to (in the case of all other personal property), all of their respective assets except (other than with respect to
Material Real Property) for minor defects in title that do not materially interfere with such Loan Party’s or Subsidiary’s ability to conduct its business and to utilize such assets for their intended purposes 

  
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and except (other than with respect to Material Real Property) where the failure to have such title or other property interests described above would not reasonably be expected to have,
individually or in the aggregate, a Material Adverse Effect. 
 (b) Schedule 5.08(b) sets forth as of the Closing
Date a complete and accurate list of all real property owned by each Loan Party, showing as of the date hereof the street address, county or other relevant jurisdiction, state, record owner and book value (or, if available, fair market value)
thereof. 
 (c) Schedule 5.08(c) sets forth as of the Closing Date a complete and accurate list of all leases and
subleases of real property, where Collateral having value in excess of $100,000 is located, under which the Borrower or any other Loan Party is the lessee or comparable party, showing as of the date hereof the street address, county or other
relevant jurisdiction, state, lessor and lessee. 
 5.09 Environmental Compliance. (a) The Borrower conducts in the
ordinary course of business a review of the effect of existing Environmental Laws relating to remedial obligations and claims alleging potential liability or responsibility for violation of any Environmental Law on their respective businesses,
operations and properties, and as a result thereof the Borrower has reasonably concluded that such effect of existing Environmental Laws relating to remedial obligations and claims alleging potential liability or responsibility for violation of any
Environmental Law could not, individually or in the aggregate, net of reserves, reasonably be expected to have a Material Adverse Effect. 
 (b) Except where such status or condition would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect: (i) none of the properties currently or, to the
knowledge of the Loan Parties, formerly owned or operated by any Loan Party or any of its Subsidiaries is listed or proposed for listing on the NPL or on the CERCLIS or any analogous foreign, state or local list or is adjacent to any such property;
(ii) there are no and have never been any underground or above ground storage tanks or any surface impoundments, septic tanks, pits, sumps or lagoons in which Hazardous Materials are being or have been treated, stored or disposed on any
property currently owned or operated by any Loan Party or any of its Subsidiaries or, to the best of the knowledge of the Loan Parties, on any property formerly owned or operated by any Loan Party or any of its Subsidiaries; (iii) there is no
asbestos or asbestos-containing material on any property currently owned or operated by any Loan Party or any of its Subsidiaries; (iv) Hazardous Materials have not been released, discharged or disposed of on any property currently owned or
operated by any Loan Party or any of its Subsidiaries; (v) neither any Loan Party nor any of its Subsidiaries is undertaking, either individually or together with other potentially responsible parties, any investigation or assessment or
remedial or response action relating to any actual or threatened release, discharge or disposal of Hazardous Materials at any site, location or operation, either voluntarily or pursuant to the order of any Governmental Authority or the requirements
of any Environmental Law; and (vi) all Hazardous Materials generated, used, treated, handled or stored at, or transported to or from, any property currently owned or operated by any Loan Party or any of its Subsidiaries have been disposed of in
a manner that would not reasonably expected to result in liability to any Loan Party. 

  
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 5.10 Insurance. The properties of the Loan Parties are insured with financially sound
insurance companies, in such amounts, with such deductibles and covering such risks as are customarily carried by companies engaged in similar businesses and owning similar properties in localities where the Borrower or the applicable Subsidiary
operates. 
 5.11 Taxes. All material federal, state, local and other tax returns required to have been filed with
respect to each Loan Party and each Restricted Subsidiary of each Loan Party have been filed (or extensions have been obtained), and payment or adequate provision has been made for the payment of all taxes, fees, assessments and other governmental
charges which have or may become due pursuant to said returns or to assessments received, except to the extent that such taxes, fees, assessments and other charges are being contested in good faith by appropriate proceedings diligently conducted and
for which such reserves or other appropriate provisions, if any, as shall be required by GAAP shall have been made. 
 5.12
ERISA Compliance. (a) Each Plan is in compliance with the applicable provisions of ERISA, the Code and other Federal or state laws, except where any failure to so comply would not reasonably be expected to result in a Material Adverse
Effect. Each Pension Plan that is intended to be a qualified plan under Section 401(a) of the Code has received a favorable determination letter from the IRS to the effect that the form of such Plan is qualified under Section 401(a) of the
Code and the trust related thereto has been determined by the IRS to be exempt from federal income tax under Section 501(a) of the Code, or an application for such a letter is currently being processed by the Internal Revenue Service. To the
knowledge of the Borrower, nothing has occurred that would prevent or cause the loss of such tax qualified status except where any such occurrence would not reasonably be expected to have a Material Adverse Effect. 

(b) There are no pending or, to the knowledge of the Borrower, threatened claims, actions or lawsuits, or action by any Governmental
Authority, with respect to any Plan that could reasonably be expected to have a Material Adverse Effect. There has been no prohibited transaction or violation of the fiduciary responsibility rules with respect to any Plan that has resulted or could
reasonably be expected to result in a Material Adverse Effect. 
 (c) Except as set forth in Schedule 5.12, hereto,
(i) no ERISA Event has occurred, and neither the Borrower nor any ERISA Affiliate is aware of any fact, event or circumstance that could reasonably be expected to constitute or result in an ERISA Event; (ii) the Borrower and each ERISA
Affiliate has met all applicable requirements under the Pension Funding Rules in respect of each Pension Plan, and no waiver of the minimum funding standards under the Pension Funding Rules has been applied for or obtained in respect of any Pension
Plan; and (iii) neither the Borrower nor any ERISA Affiliate has engaged in a transaction that could be subject to Section 4069 or Section 4212(c) of ERISA with respect to any Pension Plan, except, with respect to subsections
(i) through (iii) above, as could not, in the aggregate, reasonably be expected to result in a Material Adverse Effect. 
 5.13 Subsidiaries; Equity Interests; Loan Parties. (a) As of the Closing Date, the Borrower has no Subsidiaries other than those specifically disclosed in Part (a) of Schedule
5.13, and as of the Closing Date all of the outstanding Equity Interests in such Subsidiaries have been validly issued, are fully paid and non-assessable and are owned by a Loan Party in the amounts 

  
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specified on Part (a) of Schedule 5.13 free and clear of all Liens except those created under the Collateral Documents and Permitted Liens. 

5.14 Margin Regulations; Investment Company Act. (a) The Borrower is not engaged and will not engage, principally or as one
of its important activities, in the business of purchasing or carrying margin stock (within the meaning of Regulation U issued by the FRB), or extending credit for the purpose of purchasing or carrying margin stock. No part of the proceeds of the
Loans will be used to purchase or carry any such margin stock or to extend credit to others for the purpose of purchasing or carrying any such margin stock or for any purpose that violates the provisions of Regulation T, U or X of the FRB.

 (b) None of the Borrower, any Person Controlling the Borrower, or any Subsidiary is or is required to be registered as an
“investment company” under the Investment Company Act of 1940 or is subject to regulation under the Investment Company Act. 
 5.15 Disclosure. All factual information taken as a whole (other than forward-looking information and projections and information of a general economic nature and general information about the
Borrower’s industry) furnished by or on behalf of the Borrower or its Subsidiaries in writing to Administrative Agent or any Lender (including all information contained in the Schedules hereto or in the other Loan Documents) for purposes of or
in connection with this Agreement or the other Loan Documents, and all other such factual information taken as a whole (other than forward-looking information and projections and information of a general economic nature and general information about
Borrower’s industry) hereafter furnished by or on behalf of the Borrower or its Subsidiaries in writing to the Administrative Agent or any Lender will be, true and accurate, in all material respects, on the date as of which such information is
dated or certified and will not omit to state any material fact necessary to make such information (taken as a whole) not misleading in any material respect at such time in light of the circumstances under which such information was provided. The
Projections delivered to Administrative Agent on October 17, 2011 represent, and as of the date on which any other Projections are delivered to the Administrative Agent, such additional Projections represent, Borrower’s good faith
estimate, on the date such Projections are delivered, of the Borrower and its Subsidiaries’ future performance for the periods covered thereby based upon assumptions believed by the Borrower to be reasonable at the time of the delivery thereof
to the Administrative Agent (it being understood that such Projections are subject to uncertainties and contingencies, many of which are beyond the control of the Borrower and its Subsidiaries, that no assurances can be given that such Projections
will be realized, and that actual results may differ in a material manner from such Projections). 
 5.16 Compliance with
Laws. Each Loan Party and each Subsidiary thereof is in compliance in all material respects with the requirements of all Laws and all orders, writs, injunctions and decrees applicable to it or to its properties, except in such instances in which
(i) such requirement of Law or order, writ, injunction or decree is being contested in good faith by appropriate proceedings diligently conducted or (ii) the failure to comply therewith, either individually or in the aggregate, would not
reasonably be expected to have a Material Adverse Effect. 

  
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 5.17 Solvency. (a) The Borrower and its Subsidiaries, on a consolidated basis,
are Solvent. 
 (b) No transfer of property is being made by any Loan Party and no obligation is being incurred by any Loan
Party in connection with the Transactions with the intent to hinder, delay, or defraud either present or future creditors of such Loan Party. 
 5.18 Patriot Act. To the extent applicable, the Borrower and each of its Subsidiaries is in compliance, in all material respects, with the (a) Trading with the Enemy Act, as amended, and each
of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended) and any other enabling legislation or executive order relating thereto, and (b) the Patriot Act. No part of the
proceeds of the Loans made hereunder will be used, directly or indirectly, for any payments to any governmental official or employee, political party, official of a political party, candidate for political office, or anyone else acting in an
official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in violation of the United States Foreign Corrupt Practices Act of 1977, as amended. 

5.19 OFAC. Neither the Borrower nor any of its Subsidiaries is in violation of any of the country or list based economic and trade
sanctions administered and enforced by OFAC. Neither the Borrower nor any of its Subsidiaries (i) is a Sanctioned Person or a Sanctioned Entity, (ii) has its assets located in Sanctioned Entities, or (iii) derives revenues from
investments in, or transactions with Sanctioned Persons or Sanctioned Entities. No proceeds of any Loan made hereunder will be used to fund any operations in, finance any investments or activities in, or make any payments to, a Sanctioned Person or
a Sanctioned Entity. 
 5.20 Merger. (a) The Merger shall have been consummated, or shall be consummated
substantially concurrently with the initial borrowing under the Facility, in accordance with the Merger Agreement. The Merger Agreement is the legally valid and binding obligation of the Borrower, and is enforceable against the Borrower in
accordance with its terms, in each case, except (i) as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting generally the enforcement of creditors’ rights and
(ii) the availability of the remedy of specific performance or injunctive or other equitable relief is subject to the discretion of the court before which any proceeding therefor may be brought. 

(b) As of the Closing Date, all requisite approvals by Governmental Authorities having jurisdiction over the Borrower and, to the
Borrower’s knowledge, the seller, with respect to the Merger, have been obtained (including filings or approvals required under the Hart-Scott-Rodino Antitrust Improvements Act), except for any approval the failure to obtain would not
reasonably be expected to have a Material Adverse Effect. 
 ARTICLE VI 

AFFIRMATIVE COVENANTS 
 So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation shall remain unpaid or unsatisfied (other than contingent indemnification Obligations

  
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as to which no claim has been made) the Borrower shall, and shall (except in the case of the covenants set forth in Sections 6.01, 6.02, 6.03 and 6.11) cause each
Restricted Subsidiary to: 
 6.01 Financial Statements. Deliver to the Administrative Agent, in form and detail
reasonably satisfactory to the Administrative Agent: 
 (a) as soon as available, but in any event within 90 days after the end
of each fiscal year of the Borrower, a consolidated balance sheet of the Borrower and its Subsidiaries as at the end of such fiscal year, and the related consolidated statements of income or operations, changes in shareholders’ equity, and cash
flows for such fiscal year, setting forth in each case in comparative form the figures for the previous fiscal year (excluding comparisons to the Acquired Business financial statements for any fiscal year ending prior to 2012), all in reasonable
detail and prepared in accordance with GAAP, audited and accompanied by a report and opinion of an independent certified public accountant of nationally recognized standing reasonably acceptable to the Required Lenders, which report and opinion
shall be prepared in accordance with generally accepted auditing standards and shall not be subject to any “going concern” or like qualification or exception or any qualification or exception as to the scope of such audit; 

(b) as soon as available, but in any event within 45 days after the end of each of the first three fiscal quarters of each fiscal year of
the Borrower, a consolidated balance sheet of the Borrower and its Subsidiaries as at the end of such fiscal quarter, and the related consolidated statements of income or operations, changes in shareholders’ equity, and cash flows for such
fiscal quarter and for the portion of the Borrower’s fiscal year then ended, setting forth in each case in comparative form the figures for the corresponding fiscal quarter of the previous fiscal year and the corresponding portion of the
previous fiscal year (excluding comparisons to the Acquired Business financial statements for any fiscal year ending prior to 2012), all in reasonable detail, certified by the chief executive officer, chief financial officer, treasurer or controller
of the Borrower as fairly presenting the financial condition, results of operations, shareholders’ equity and cash flows of the Borrower and its Subsidiaries in accordance with GAAP, subject only to normal year-end audit adjustments and the
absence of footnotes; and 
 (c) as soon as available, but in any event at least 60 days after the end of each fiscal year of
the Borrower, forecasts prepared by management of the Borrower, in form reasonably satisfactory to the Administrative Agent, of consolidated balance sheets and statements of income or operations and cash flows of the Borrower and its Subsidiaries on
a monthly basis for the immediately following fiscal year (including the fiscal year in which the Maturity Date for the Facility occurs). 
 As
to any information contained in materials furnished pursuant to Section 6.02(c), the Borrower shall not be separately required to furnish such information under Section 6.01(a) or (b) above, but the foregoing
shall not be in derogation of the obligation of the Borrower to furnish the information and materials described in Sections 6.01(a) and (b) above at the times specified therein. 

6.02 Certificates; Other Information. Deliver to the Administrative Agent, in form and detail reasonably satisfactory to the
Administrative Agent: 

  
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 (a) concurrently with the delivery of the financial statements referred to in
Sections 6.01(a) and (b), a duly completed Compliance Certificate signed by the chief executive officer, chief financial officer, treasurer or controller of the Borrower; 

(b) promptly after the same are publicly available, copies of each annual report, proxy or financial statement or other report or
communication sent to the stockholders of the Borrower, and copies of all annual, regular, periodic and special reports and registration statements which the Borrower may file or be required to file with the SEC under Section 13 or 15(d) of the
Securities Exchange Act of 1934, or with any national securities exchange, and in any case not otherwise required to be delivered to the Administrative Agent pursuant hereto; 
 (c) promptly after the furnishing thereof, copies of any non-routine statement or report furnished to any holder of debt securities of any Loan Party or of any of its Subsidiaries pursuant to the terms of
any indenture, loan or credit or similar agreement and not otherwise required to be furnished to the Lenders pursuant to Section 6.01 or any other clause of this Section 6.02; 

(d) together with the delivery of each Compliance Certificate pursuant to Section 6.02(a), a report setting forth any changes
to Schedules 5.08(b) and 5.08(c), if applicable; 
 (e) promptly after the assertion or occurrence thereof, notice
of any action or proceeding against or of any noncompliance by any Loan Party or any of its Subsidiaries with any Environmental Law or Environmental Permit that (i) would reasonably be expected to have a Material Adverse Effect or
(ii) could cause any property described in the Mortgages to be subject to any restrictions on ownership, occupancy or transferability under any Environmental Law; 
 Documents required to be delivered pursuant to Section 6.01(a) or (b) or Section 6.02(c) (to the extent any such documents are included in materials otherwise filed
with the SEC) may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date (i) on which the Borrower posts such documents, or provides a link thereto on the Borrower’s website on the Internet at
the website address listed on Schedule 10.02; or (ii) on which such documents are posted on the Borrower’s behalf on an Internet or intranet website, if any, to which each Lender and the Administrative Agent have access (whether a
commercial, third-party website or whether sponsored by the Administrative Agent); provided that: (i) upon the written request of the Administrative Agent, the Borrower shall deliver paper copies of such documents to the Administrative
Agent for any Lender that requests the Borrower to deliver such paper copies until a written request to cease delivering paper copies is given by the Administrative Agent or such Lender and (ii) the Borrower shall notify the Administrative
Agent (by telecopier or electronic mail) of the posting of any such documents and provide to the Administrative Agent by electronic mail electronic versions (i.e., soft copies) of such documents. Notwithstanding anything contained herein, in
every instance the Borrower shall be required to provide paper copies of the Compliance Certificates required by Section 6.02(a) to the Administrative Agent. Except for such Compliance Certificates, the Administrative Agent shall have no
obligation to request the delivery or to maintain copies of the documents referred to above, and in any event shall have no responsibility to monitor compliance by the Borrower with any such request for delivery, and each Lender shall be solely
responsible for requesting delivery to it or maintaining its copies of such documents. 

  
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 The Borrower hereby acknowledges that (a) the Administrative Agent and/or the Lead
Arrangers will make available to the Lenders materials and/or information provided by or on behalf of the Borrower hereunder (collectively, “Borrower Materials”) by posting the Borrower Materials on IntraLinks or another similar
electronic system (the “Platform”) and (b) certain of the Lenders (each, a “Public Lender”) may have personnel who do not wish to receive material non-public information with respect to the Borrower or its
Affiliates, or the respective securities of any of the foregoing, and who may be engaged in investment and other market-related activities with respect to such Persons’ securities. The Borrower hereby agrees that so long as the Borrower is the
issuer of any outstanding debt or equity securities that are registered or issued pursuant to a private offering or is actively contemplating issuing any such securities it will use commercially reasonable efforts to identify that portion of the
Borrower Materials that may be distributed to the Public Lenders and that (w) all such Borrower Materials shall be clearly and conspicuously marked “PUBLIC” which, at a minimum, shall mean that the word “PUBLIC” shall appear
prominently on the first page thereof; (x) by marking Borrower Materials “PUBLIC,” the Borrower shall be deemed to have authorized the Administrative Agent, the Lead Arrangers and the Lenders to treat such Borrower Materials as not
containing any material non-public information (although it may be sensitive and proprietary) with respect to the Borrower or its securities for purposes of United States Federal and state securities laws (provided, however, that to the
extent such Borrower Materials constitute Information, they shall be treated as set forth in Section 10.07); (y) all Borrower Materials marked “PUBLIC” are permitted to be made available through a portion of the Platform
designated “Public Side Information;” and (z) the Administrative Agent and the Lead Arrangers shall be entitled to treat any Borrower Materials that are not marked “PUBLIC” as being suitable only for posting on a portion of
the Platform not designated “Public Side Information.” 
 6.03 Notices. Promptly notify the Administrative
Agent: 
 (a) upon any Responsible Officer becoming aware of the occurrence of any Default; 

(b) upon any Responsible Officer becoming aware of any matter that has resulted or could reasonably be expected to result in a Material
Adverse Effect; 
 (c) upon any Responsible Officer becoming aware of the occurrence of any ERISA Event that has resulted or
could reasonably be expected to result in a Material Adverse Effect; 
 (d) of any material change in accounting policies or
financial reporting practices by any Loan Party or any Subsidiary thereof; 
 (e) of the (i) occurrence of any Disposition
of property or assets for which the Borrower is required to make a mandatory prepayment pursuant to Section 2.03(b)(ii), and (ii) incurrence or issuance of any Indebtedness for which the Borrower is required to make a mandatory
prepayment pursuant to Section 2.03(b)(iii); and 
 (f) upon any Responsible Officer becoming aware of any
announcement by Moody’s or S&P of any change or possible change in a Debt Rating. 
 Each notice pursuant to
Section 6.03 (other than Section 6.03(e) or (f)) shall be accompanied by a statement of a Responsible Officer of the Borrower setting forth details of the 

  
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occurrence referred to therein and stating what action the Borrower has taken and proposes to take with respect thereto. Each notice pursuant to Section 6.03(a) shall describe with
particularity any and all provisions of this Agreement and any other Loan Document that have been breached. 
 6.04 Payment
of Obligations. Pay and discharge as the same shall become due and payable, all its material obligations and liabilities, unless the same are being contested or disputed in good faith by appropriate proceedings diligently conducted and adequate
reserves to the extent required in accordance with GAAP are being maintained by the Borrower or such Subsidiary or except to the extent the failure to pay any such obligation or liability will not constitute an Event of Default hereunder.

 6.05 Preservation of Existence, Etc. (a) Preserve, renew and maintain in full force and effect its legal
existence and good standing under the Laws of the jurisdiction of its organization except in a transaction permitted by Section 7.04 or 7.05; provided, however, that the Borrower may consummate the Merger; (b) take all
reasonable action to maintain all rights, privileges, permits, licenses and franchises necessary in the normal conduct of its business, except to the extent that failure to do so would not reasonably be expected to have a Material Adverse Effect;
and (c) preserve or renew all of its registered patents, trademarks, trade names and service marks, the non-preservation of which could reasonably be expected to have a Material Adverse Effect. 

6.06 Maintenance of Properties. (a) Maintain, preserve and protect all of its material properties and equipment necessary in
the operation of its business in good working order and condition, ordinary wear and tear excepted; and (b) make all necessary repairs thereto and renewals and replacements thereof except, in the case of both clauses (a) and (b) where
the failure to do so would not reasonably be expected to have a Material Adverse Effect. 
 6.07 Maintenance of
Insurance. Maintain with financially sound and reputable insurance companies not Affiliates of the Borrower, insurance with respect to its properties (real and personal) and business against loss or damage of the kinds customarily insured
against by Persons engaged in the same or similar business, of such types and in such amounts (after giving effect to any self-insurance compatible with the following standards) as are customarily carried under similar circumstances by such other
Persons. If any portion of any Mortgaged Property is at any time located in an area identified by the Federal Emergency Management Agency (or any successor agency) as a special flood hazard area with respect to which flood insurance has been made
available under the National Flood Insurance Act of 1968 (as now or hereafter in effect or successor act thereto), then the Borrower shall, or shall cause each Loan Party to (i) maintain, or cause to be maintained, with a financially sound
insurer, flood insurance in an amount and otherwise sufficient to comply with all applicable rules and regulations and (ii) deliver to the Administrative Agent evidence of such, and (b) all such insurance with respect to any Collateral
shall name the Administrative Agent as mortgagee or loss payee (in the case of property insurance with respect to Collateral) or additional insured, as its interests may arise, on behalf of the Secured Parties (in the case of liability insurance).

 6.08 Compliance with Laws. Comply in all material respects with the requirements of all Laws and all orders, writs,
injunctions and decrees applicable to it or to its business or property, except in such instances in which (a) such requirement of Law or order, writ, injunction 

  
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or decree is being contested in good faith by appropriate proceedings diligently conducted; or (b) the failure to comply therewith would not reasonably be expected to have a Material Adverse
Effect. 
 6.09 Books and Records. Maintain proper books of record and account, in which full, true and correct entries
in conformity in all material respects with GAAP consistently applied shall be made of all financial transactions and matters involving the assets and business of the Borrower or such Subsidiary, as the case may be. 

6.10 Inspection Rights. Permit representatives and independent contractors of the Administrative Agent and each Lender to visit
and inspect any of its properties, to examine its corporate, financial and operating records, and make copies thereof or abstracts therefrom, and to discuss its affairs, finances and accounts with its directors, officers, and independent public
accountants, in each case subject to Section 10.07, all at the expense of the Borrower as provided below and subject to Section 10.04 hereof, at such reasonable times during normal business hours and upon reasonable advance
notice to the Borrower; provided that excluding any such visits and inspections during the continuation of an Event of Default, only the Administrative Agent on behalf of the Lenders may exercise rights under this Section 6.10 and the
Administrative Agent shall not exercise such rights more often than two (2) times during any calendar year absent the existence of an Event of Default and only one (1) such time shall be at the Borrowers’ expense; provided,
further, that when an Event of Default has occurred and is continuing, the Administrative Agent or any such Lender (or any of their respective representatives or independent contractors) may do any of the foregoing at the expense of the Borrower
at any time during normal business hours and upon reasonable advance notice. The Administrative Agent and the Lenders shall give the Borrower the opportunity to participate in any discussions with the Borrower’s accountants. 

6.11 Use of Proceeds. Use the proceeds of the Credit Extensions to finance the Transaction and for general corporate purposes not
in contravention of any Law or of any Loan Document. 
 6.12 Covenant to Guarantee Obligations and Give Security.
(a) Upon the formation or acquisition of any new direct or indirect Subsidiary (other than any Excluded Subsidiary or an Unrestricted Subsidiary) by any Loan Party, then the Borrower shall, at the Borrower’s expense: 

(i) within 30 days after such formation or acquisition (or such later date as permitted by Administrative Agent in
its sole discretion), cause such Subsidiary to duly execute and deliver to the Administrative Agent a guaranty or guaranty supplement, in form and substance satisfactory to the Administrative Agent, guaranteeing the other Loan Parties’
obligations under the Loan Documents, 
 (ii) within 30 days after such formation or acquisition (or such later
date as permitted by Administrative Agent in its sole discretion), furnish to the Administrative Agent a description of the real properties of such Subsidiary, in detail reasonably satisfactory to the Administrative Agent, 

  
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 (iii) within 60 days after such formation or acquisition (or such later date
as permitted by Administrative Agent in its sole discretion), cause such Subsidiary to duly execute and deliver to the Administrative Agent deeds of trust, trust deeds, deeds to secure debt and/or mortgages for any Material Real Property, Account
Control Agreements and Securities Account Control Agreements as required under the Security Agreement, Security Agreement Supplements, intellectual property security agreement supplements and other security and pledge agreements, specified by and in
form and substance reasonably satisfactory to the Administrative Agent (including delivery of all Pledged Interests in and of such Subsidiary, and other instruments of the type specified in Section 4.01(a)), securing payment of all the
Obligations of such Subsidiary under the Loan Documents and constituting Liens on all such owned real and personal properties, subject to Permitted Encumbrances, Liens permitted by the Loan Documents and other Liens acceptable to Administrative
Agent (it being understood that no leasehold mortgages or deeds of trust need be granted with respect to any leased real property), 
 (iv) within 30 days after such formation or acquisition (or such later date as permitted by Administrative Agent in its sole discretion), cause such Subsidiary to take whatever action (including the
recording of mortgages, the filing of Uniform Commercial Code financing statements, the giving of notices and the endorsement of notices on title documents) may be necessary or reasonably advisable in the opinion of the Administrative Agent to vest
in the Administrative Agent (or in any representative of the Administrative Agent designated by it) valid and subsisting Liens on the properties, subject to Permitted Encumbrances, Liens permitted under the Loan Documents and other Liens acceptable
to the Administrative Agent, purported to be subject to the deeds of trust, trust deeds, deeds to secure debt and/or mortgages for any Material Real Property, Account Control Agreements and Securities Account Control Agreements as required under the
Security Agreement, Security Agreement Supplements, intellectual property security agreement supplements and security and pledge agreements delivered pursuant to this Section 6.12, 

(v) within 60 days after such formation or acquisition (or such later date as permitted by Administrative Agent in its
sole discretion), deliver to the Administrative Agent, upon the request of the Administrative Agent in its sole discretion, a signed copy of a favorable opinion, addressed to the Administrative Agent and the other Secured Parties, of counsel for the
Loan Parties in form and substance reasonably satisfactory to the Administrative Agent as to the matters contained in clauses (i), (iii) and (iv) above, and as to such other matters as the Administrative Agent may reasonably request, in
each case consistent with Section 4.01(a), 
 (vi) as promptly as practicable after such formation or
acquisition, deliver, upon the request of the Administrative Agent in its sole discretion, to the Administrative Agent with respect to any Material Real Property owned or held by the entity that is the subject of such formation or acquisition, title
reports and other reports consistent with Schedule 4.01(a)(iv), each in scope, form and substance reasonably satisfactory to the Administrative Agent, provided, however, that to the extent that any Loan Party or any of its Subsidiaries
shall have otherwise received any of the foregoing items with respect to 

  
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such real property, such items shall, promptly after the receipt thereof, be delivered to the Administrative Agent. 
 Upon any Subsidiary’s ceasing to be an Immaterial Subsidiary, the Borrower shall take and shall cause such Subsidiary to take each of the actions set forth in this clause (a) within the time
periods set forth herein, measured from the date on which such Subsidiary ceased to be an Immaterial Subsidiary. 
 (b) Upon the
acquisition of (x) any Material Real Property by any Loan Party or (y) any material personal property by any Loan Party, if such personal property shall not already be subject to a perfected Lien in favor of the Administrative Agent for
the benefit of the Lenders, the relevant Loan Party shall give notice of such acquisition to the Administrative Agent and shall, if requested by the Administrative Agent or the Required Lenders, cause such assets to be subjected to a Lien securing
such Loan Party’s Obligations and will take such actions as shall be reasonably necessary or reasonably requested by the Administrative Agent to grant and perfect or record such Lien. 

(c) Notwithstanding the foregoing, (i) the Administrative Agent shall not take a security interest in or Lien, or require any of the
items it is entitled to require or request pursuant to this Section 6.12 or other similar items with respect to those assets as to which the Administrative Agent shall determine, in its reasonable discretion, that the cost of obtaining
such Lien (including any mortgage, stamp, intangibles or other similar Tax, title insurance or similar items) exceeds the practical benefit to the Secured Parties of the security afforded thereby, and (ii) Liens required to be granted pursuant
to this Section 6.12, and actions required to be taken, including to perfect such Liens, shall be subject to exceptions and limitations consistent with those set forth in the Collateral Documents as in effect on the Closing Date (to the
extent appropriate in the applicable jurisdiction). 
 (d) At any time upon request of the Administrative Agent, promptly
execute and deliver any and all further instruments and documents and take all such other action as the Administrative Agent may deem necessary in obtaining the full benefits of, or (as applicable) in perfecting and preserving the Liens of, such
guaranties, deeds of trust, trust deeds, deeds to secure debt, mortgages, leasehold deeds of trust, Security Agreement Supplements, intellectual property security agreement supplements and other security and pledge agreements entered into pursuant
to this Agreement. 
 6.13 Compliance with Environmental Laws. Comply, and cause all lessees and other Persons operating
or occupying its properties to comply, in all material respects, with all applicable Environmental Laws and Environmental Permits; obtain and renew all Environmental Permits necessary for its operations and properties; and conduct any investigation,
study, sampling and testing, and undertake any cleanup, removal, remedial or other action necessary to remove and clean up all Hazardous Materials from any of its properties, in accordance with the requirements of all Environmental Laws;
provided, however, that neither the Borrower nor any of its Subsidiaries shall be required to undertake any such cleanup, removal, remedial or other action to the extent that its obligation to do so is being contested in good faith and by
proper proceedings and appropriate reserves are being maintained with respect to such circumstances in accordance with GAAP. 

  
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 6.14 Further Assurances. Promptly upon the reasonable request of the Administrative
Agent, or any Lender through the Administrative Agent, (a) correct any material defect or error that may be discovered in any Loan Document or in the execution, acknowledgment, filing or recordation thereof, and (b) do, execute,
acknowledge, deliver, record, re-record, file, re-file, register and re-register any and all such further acts, deeds, certificates, assurances and other instruments as the Administrative Agent, or any Lender through the Administrative Agent, may
reasonably require from time to time in order to carry out more effectively the purposes of the Loan Documents. 
 6.15
Designation as Senior Debt. Designate all Obligations as “Designated Senior Indebtedness” under, and defined in, all Subordinated Indebtedness of the Borrower or any of its Subsidiaries. 

6.16 Rated Credit Facility; Corporate Ratings. Use commercially reasonable efforts to maintain a rating of the Facilities by each
of S&P and Moody’s. 
 6.17 Post-Closing Matters. Execute and deliver the documents and complete the tasks set
forth on Schedule 6.17, in each case within the time limits specified on such schedule (unless the Administrative Agent, in its discretion, shall have agreed to any particular longer period). 

6.18 Preparation of Environmental Reports. If the Required Lenders have a reasonable basis to believe, based on information that
is publicly available or provided to the Administrative Agent or the Lenders, that a material Environmental Liability has arisen at or in connection with any Mortgaged Property, then at the written request of the Required Lenders, the Borrower shall
cause to be prepared an environmental site assessment report for any such Mortgaged Property described in such request, prepared by an environmental consulting firm reasonably acceptable to the Administrative Agent, indicating the presence or
absence of Hazardous Materials and the estimated cost of any compliance, removal or remedial action required under any applicable Environmental Law in connection with any Hazardous Materials on such properties. 

ARTICLE VII 

NEGATIVE COVENANTS 
 So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation hereunder shall remain unpaid or unsatisfied (other than contingent indemnification Obligations as to which no claim
has been made), the Borrower shall not, nor shall it permit any Restricted Subsidiary to, directly or indirectly: 
 7.01
Liens. Create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than the following (collectively, “Permitted Liens”): 

(a) Liens under the Loan Documents; 
 (b) Liens existing on the date hereof and listed on Schedule 7.01(b) securing Indebtedness or other obligations in effect on the date hereof or any Refinancing Indebtedness in respect thereof;

  
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 (c) Liens for unpaid taxes, assessments or similar charges not yet due or which are being
contested in good faith and by appropriate proceedings diligently conducted, which proceedings (or orders entered into in connection with such proceedings) have the effect of preventing the forfeiture or sale of the property subject to any such
Lien, if adequate reserves with respect thereto are maintained on the books of the applicable Person in accordance with GAAP and which proceedings have the effect of preventing the forfeiture or sale of the property subject to such Lien; 

(d) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s or other like Liens arising by operation
of law in the ordinary course of business which are not overdue for a period of more than 30 days or which are being contested in good faith and by appropriate proceedings diligently conducted, if adequate reserves with respect thereto are
maintained on the books of the applicable Person; 
 (e) pledges or deposits of cash in the ordinary course of business in
connection with workers’ compensation, unemployment insurance and other social security legislation, other than any Lien imposed by ERISA; 
 (f) deposits of cash to secure the performance of bids, trade contracts and leases (other than Indebtedness for borrowed money), statutory obligations, surety and appeal bonds, performance bonds,
completion guarantees, and other obligations of a like nature incurred in the ordinary course of business and obligations in respect of letters of credit that have been posted to secure payment of such items; 

(g) easements, rights-of-way, survey exceptions, restrictions (including zoning restrictions), covenants, licenses, municipal
regulations, reservations of oil, gas and mineral rights, encroachments, protrusions or other minor title deficiencies, and other similar encumbrances which do not materially adversely affect the conduct of the business of the applicable Person or
the ownership of its properties and which could not individually or in the aggregate reasonably be expected to materially adversely affect the value of said properties or materially impair their use in the operation of the business of the applicable
Person; 
 (h) Liens securing judgments for the payment of money not constituting an Event of Default under
Section 8.01(h); 
 (i) Liens securing Indebtedness permitted under Section 7.02(e); provided
that (i) such Liens do not at any time encumber any property other than the property financed by such Indebtedness (except that individual financings of equipment may be cross-collateralized with other financings provided by the same lender)
and (ii) the Indebtedness secured thereby consists only of the Indebtedness that was incurred to acquire, lease, construct, replace, repair or improve such property; 
 (j) Liens in favor of customs and revenue authorities arising as a matter of law to secure payment of customs duties in connection with the importation of goods, 

(k) Liens solely on any cash earnest money deposits made by Borrower or any of its Subsidiaries in connection with any letter of intent
or purchase agreement with respect to a 

  
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Permitted Acquisition and Liens consisting of any agreement to Dispose of assets in a Disposition permitted hereunder; 
 (l) Liens in favor of the ABL Agent in and on the assets and properties of Borrowers and Guarantors that constitute Collateral, to secure the Indebtedness permitted under Section 7.02(b);
provided that, such Liens are at all times subject to the terms of the Intercreditor Agreement; 
 (m) Liens on the
Collateral for the benefit of (i) the 2015 Note Trustee, that equally and ratably secure the obligations under the 2015 Notes to the extent required under the terms of the 2015 Note Indenture, at all times subject to the terms of the 2015 Note
Intercreditor Agreement and (ii) holders of the Series G Notes that equally and ratably secure the obligations under, and solely to the extent required under, the terms of the 1997 Guaranty and in any event not to exceed the sum of
(x) $42,700,000 less (y) any payment of principal made on account of the Series G Notes or received by any holder of a Series G Note, from time to time, from and after the date of this Agreement; 

(n) non-exclusive licenses and sublicenses of tangible or intangible assets (including real property and intellectual property) in the
ordinary course of business and that do not materially interfere with the business of the Borrower and its Subsidiaries; 
 (o) Liens (i) of a collecting bank arising under Section 4-208 of the Uniform Commercial Code on the items in the course of collection and (ii) in favor of a banking or other financial
institution arising as a matter of law encumbering deposits or other funds or assets maintained with a financial institution (including the right of set off) and that are within the general parameters customary in the banking industry, including,
without limitation, customary liens for customary fees and expenses relating to the operation and maintenance of such deposits and (iii) consisting of rights of setoff related to, or Liens on cash subject to, pooling arrangements in connection
with cash management; 
 (p) (i) Liens granted in the ordinary course of business securing the financing of insurance premiums
or (ii) non-recourse reimbursement obligations with respect to existing life insurance policies or Liens in respect of, and extending solely to, the cash surrender value of existing life insurance policies (provided that the obligations
secured thereby shall be recourse only to such policies); 
 (q) Liens existing on property at the time of its acquisition or
existing on the property of any Person at the time such Person becomes a Restricted Subsidiary, in each case after the date hereof (other than Liens on the Equity Interests of any Person that becomes a Restricted Subsidiary); provided that
(i) such Lien was not created in contemplation of such acquisition or such Person becoming a Restricted Subsidiary, (ii) such Lien does not extend to or cover any other assets or property (other than the proceeds or products thereof and
after-acquired property subjected to a Lien pursuant to terms existing at the time of such acquisition), and (iii) the Indebtedness secured thereby (or, as applicable, Refinancing Indebtedness thereof) is permitted under
Section 7.02(i); 

  
 71 

 (r) Liens arising from precautionary UCC financing statement filings (or similar filings
under other applicable Law) in connection with operating leases, consignment of goods or similar types of transactions; 
 (s)
Liens arising out of conditional sale, title retention, consignment or similar arrangements for sale or purchase of goods entered into by the Borrower or any of the Restricted Subsidiaries in the ordinary course of business; 

(t) any interest or title of a lessor, sublessor, licensor or sublicensor under any leases, subleases, licenses or sublicenses of
tangible assets entered into by the Borrower or any Restricted Subsidiary in the ordinary course of business; 
 (u) Liens on
assets of Restricted Subsidiaries that are not Loan Parties to the extent Indebtedness secured thereby is permitted under Section 7.02(h); 
 (v) Liens securing obligations made under Swap Contracts that constitute Revolving Loan Debt for the purposes of the Intercreditor Agreement and are permitted by Section 7.02(m);
provided that, at all times, such Liens, and the obligations securing them, shall be subject to the terms of the Intercreditor Agreement; 
 (w) other Liens securing Indebtedness or other obligations permitted hereunder that do not exceed $50,000,000 at any time outstanding; 

(x) Liens securing Indebtedness of a Restricted Subsidiary owed to and held by the Borrower or a Restricted Subsidiary thereof that is
permitted under Section 7.03(c)(ii); 
 (y) options, put and call arrangements, rights of first refusal and similar
rights relating to Investments in joint ventures, partnerships and the like permitted under Section 7.03; and 
 (x)
Liens on Collateral of the Acquired Business or its Subsidiaries existing on the Closing Date and securing Indebtedness under the Existing Credit Agreement that has been paid in full on the Closing Date; provided that such Liens are
terminated as soon as practicable on or after the Closing Date. 
 Notwithstanding anything to the contrary and except as
permitted under clause (a) of this Section 7.01, the Borrower shall not, nor shall it permit any Restricted Subsidiary to, directly or indirectly create, incur, assume or suffer to exist any Lien (other than a Lien under
(x) clause (a) of this Section 7.01 and (y) so long as such Lien is subject to the Intercreditor Agreement and the 2015 Note Intercreditor Agreement, as applicable, clause (l) and clause (m)(i) of
this Section 7.01 and solely to the extent required to equally and ratably secure the 1997 Guaranty in accordance with the terms thereof clause (m)(ii) of this Section 7.01) upon (i) the Equity Interest of any
Immaterial Subsidiary or any Joint Venture and (ii) Indebtedness of a Non-Loan Party that is owed to a Loan Party. 
 7.02
Indebtedness. Create, incur, assume or suffer to exist any Indebtedness, except: 
 (a) Indebtedness under the Loan
Documents; 

  
 72 

 (b) Indebtedness, subject to the terms of the Intercreditor Agreement, under any ABL Loan
Document and any Refinancing Indebtedness in respect thereof; 
 (c) Indebtedness outstanding on the date hereof and listed on
Schedule 7.02 and any Refinancing Indebtedness in respect thereof; 
 (d) Guarantees by the Borrower or any
Restricted Subsidiary in respect of Indebtedness of the Borrower or such Restricted Subsidiary otherwise permitted hereunder; provided that (A) no Guarantee by any Restricted Subsidiary that is not a Loan Party of any Indebtedness of a
Loan Party shall be permitted unless such Restricted Subsidiary shall have also provided a Guarantee of the Obligations substantially on the terms set forth in the applicable Guaranty; (B) if the Indebtedness being Guaranteed is subordinated to
the Obligations, such Guarantee shall be subordinated to the Guarantee of the Obligations on terms at least as favorable to the Lenders as those contained in the subordination provisions of such Indebtedness and (C) with respect to any
Guarantee by the Borrower or any Loan Party in respect of Indebtedness of a Restricted Subsidiary that is not a Loan Party, such Guarantee is permitted under Section 7.03 (other than Section 7.03(e)); 

(e) Indebtedness in respect of Capitalized Leases, Synthetic Lease Obligations and purchase money obligations to finance the purchase,
lease, construction, replacement, repair or improvement of personal or real property within the limitations set forth in Section 7.01(i) and any Refinancing Indebtedness in respect thereof; provided, however, that the aggregate
amount of all such Indebtedness at any one time outstanding shall not exceed $35,000,000; 
 (f) Indebtedness permitted by
Section 7.03(c) consisting of intercompany loans and advances; provided, that (i) in the case of Section 7.03(c)(ii)(C), such Indebtedness is subject to the terms of the Intercompany Subordination Agreement and
(ii) in the case of Section 7.03(c)(ii)(D), such Indebtedness is not subject to any Lien other than Liens permitted by Section 7.01(a); 
 (g) contingent liabilities in respect of any indemnification obligation, adjustment of purchase price, or similar obligation of Borrower or the applicable Loan Party incurred in connection with the
consummation of one or more Permitted Acquisitions or Dispositions permitted under Section 7.05; 
 (h) other
Indebtedness of Restricted Subsidiaries that are not Loan Parties in an aggregate principal amount (for all such Persons) not in excess of $100,000,000 at any time outstanding; 

(i) Acquired Indebtedness in an amount not to exceed $50,000,000 outstanding at any one time and any Refinancing Indebtedness in respect
of such Indebtedness, 
 (j) Indebtedness incurred in the ordinary course of business under customs, stay, performance, surety,
statutory, and appeal bonds and completion guarantees (or obligations in respect of letters of credit related thereto), 
 (l)
Indebtedness consisting of insurance premium financing in the ordinary course of business; 

  
 73 

 (m) the incurrence by any Loan Party or its Subsidiaries of Indebtedness under Swap
Contracts that are incurred for the bona fide purpose of hedging the interest rate, commodity, or foreign currency risks associated with any Loan Party’s and its Subsidiaries’ operations and not for speculative purposes; 

(n) Indebtedness representing deferred compensation to employees of the Borrower or any Restricted Subsidiary; 

(o) Indebtedness (including obligations in respect of letters of credit or bank guarantees or similar instruments) incurred by the
Borrower or any Restricted Subsidiary constituting reimbursement obligations in respect of workers compensation claims, health, disability or other employee benefits or property, casualty or liability insurance or self-insurance; provided
that upon the drawing of such letters of credit or the incurrence of such Indebtedness with respect to reimbursement obligations regarding workers’ compensation claims, such obligations are reimbursed within 30 days following such drawing or
incurrence; 
 (p) Indebtedness and other obligations in respect of netting services, overdraft protections and similar
arrangements in each case in connection with cash management or treasury services arrangements and deposit accounts; 
 (q)
Indebtedness evidenced by the 2015 Notes in an aggregate outstanding principal amount not to exceed $50,000,000 and any Refinancing Indebtedness with respect thereto; 
 (r) Indebtedness evidenced by the 2020 Notes in an aggregate outstanding principal amount not to exceed $360,000,000 and any Refinancing Indebtedness with respect thereto; 

(s) Indebtedness evidenced by the 1997 Guaranty in an aggregate outstanding principal amount not to exceed $42,700,000 the sum of
(x) $42,700,000 less (y) any payment of principal made on account of the Series G Notes or received by any holder of a Series G Note, from time to time, from and after the date of this Agreement; 

(t) unsecured Indebtedness of any Loan Party owing to former employees, officers, or directors (or any spouses, ex-spouses, or estates of
any of the foregoing) incurred in connection with the repurchase by such Loan Party of the Equity Interests of such Loan Party that has been issued to such Persons, so long as the aggregate amount of all such Indebtedness outstanding at any one time
does not exceed $2,000,000; 
 (u) unsecured Indebtedness (including Subordinated Indebtedness) of the Borrower or any other
Loan Party so long as the Loan Parties shall be in compliance with the Incurrence Test, and provided that (i) such Indebtedness is not scheduled to mature prior to the date that is ninety-one (91) days after the Maturity Date,
(ii) no Event of Default shall have occurred and be continuing or would exist immediately after giving effect to such incurrence, (iii) shall be entered into on terms and conditions, including covenants, defaults and remedy provisions,
which are, in the good faith judgment of a Responsible Officer of the Borrower, not more restrictive in any material respect, taken as a whole, to the Borrower and its Restricted Subsidiaries than this Agreement and shall have no financial
maintenance covenants, (iv) the documentation with respect to any such Indebtedness shall contain no mandatory prepayment, repurchase or redemption provisions except with respect to change of control and asset sale

  
 74 

 
offers that are customary for the type of Indebtedness issued and (v) if such Indebtedness is owed to a seller of assets, it is expressly subordinated to the prior payment in full in cash of
the obligations on terms reasonably acceptable to the Administrative Agent; and 
 (v) Guarantees of PolyOne International
Finance Company in respect of Indebtedness otherwise permitted under this Agreement of any Subsidiary that is not a Loan Party. 

7.03 Investments. Make any Investments, except: 
 (a) Investments held by the Borrower and its Subsidiaries in the form of cash equivalents; 
 (b) advances to officers, directors and employees of the Borrower and Subsidiaries in an aggregate amount not to exceed $5,000,000 at any time outstanding, for travel, entertainment, relocation packages
and analogous ordinary business purposes; 
 (c) (i) Investments by the Borrower and its Subsidiaries in their respective
Subsidiaries outstanding on the date hereof, and (ii) additional Investments by (A) a Loan Party in another Loan Party, (B) a Non-Loan Party in another Non-Loan Party, (C) a Non-Loan Party in a Loan Party so long as any such
Investment taking the form of a loan or advance is subject to the terms of the Intercompany Subordination Agreement, and (D) a Loan Party in a Non-Loan Party, provided, that, as to any such Investment under this clause (D) the
aggregate amount of all such Investments after the date hereof shall not exceed $100,000,000; 
 (d) Investments consisting of
extensions of credit in the nature of accounts receivable or notes receivable arising from the grant of trade credit in the ordinary course of business, and Investments received in satisfaction or partial satisfaction thereof from financially
troubled account debtors to the extent reasonably necessary in order to prevent or limit loss; 
 (e) Guarantees permitted by
Section 7.02; 
 (f) Investments existing on the date hereof (other than those referred to in
Section 7.03(c)(i)) and set forth on Schedule 7.03; 
 (g) Permitted Acquisitions; 

(h) Investments in the ordinary course of business consisting of (i) endorsements for collection or deposit or (ii) customary
trade arrangements with customers; 
 (i) Investments (including debt obligations and Equity Interests) received in connection
with (x) the bankruptcy or reorganization of any Person and in settlement of obligations of, or disputes with, any Person arising in the ordinary course of business and upon foreclosure with respect to any secured Investment or other transfer
of title with respect to any secured Investment and (y) the non-cash proceeds of any Disposition permitted by Section 7.05; 
 (j) Investments by the Borrower and its Restricted Subsidiaries, consisting of loans and advances to any direct or indirect parent of the Borrower, if the Borrower or any other Restricted Subsidiary would
otherwise be permitted to make a Restricted Payment in such 

  
 75 

 
amount (provided that the amount of any such Investment shall also be deemed to be a Restricted Payment under the appropriate paragraph of Section 7.06 for all purposes of this
Agreement); 
 (k) advances of payroll payments to employees in the ordinary course of business; 

(l) Guarantees by the Borrower or any Restricted Subsidiary of leases (other than Capitalized Leases) or of other obligations that do not
constitute Indebtedness, in each case entered into in the ordinary course of business; 
 (m) Investments to the extent the
consideration paid therefor consists of Equity Interests other than Disqualified Equity Interests of the Borrower; 
 (n)
Investments of a Restricted Subsidiary acquired after the Closing Date or of an entity merged into the Borrower or merged into or consolidated with a Restricted Subsidiary after the Closing Date, in each case, (i) to the extent such
acquisition, merger or consolidation was or is permitted under this Section 7.03 or Section 7.04 (other than Section 7.04(e)) and (ii) to the extent that such Investments were not made in contemplation of or
in connection with such acquisition, merger, consolidation or amalgamation and were in existence on the date of such acquisition, merger, consolidation or amalgamation; 
 (o) other Investments by the Borrower or any Restricted Subsidiary in an aggregate amount (valued at the time of the making thereof, and without giving effect to any write-downs or write-offs thereof) not
to exceed (x) $75,000,000 (minus Restricted Payments pursuant to clause (x) of Section 7.06(g) and prepayments of Junior Indebtedness pursuant to clause (x) of Section 7.15(c), in each case, prior to or on the
date of determination) plus (y) the Available Amount (plus any returns of capital actually received by the respective investor in respect of investments theretofore made by it pursuant to this paragraph (m)); provided that, with respect
to any Investment made pursuant to clause (y), the Borrower shall be in compliance with the Incurrence Test; 
 (p) advances
made in connection with purchases of goods or services in the ordinary course of business, including advances to suppliers; 

(q) deposits of cash made in the ordinary course of business to secure performance of operating leases; 

(r) deposits of cash for leases, utilities, worker’s compensation and similar matters in the ordinary course of business;

 (s) Investments resulting from entering into (1) cash management or treasury services or arrangements or cash pooling
arrangements, or (2) Swap Contracts solely to the extent permitted pursuant to Section 7.02(m); 
 (t) to the
extent constituting Investments, Liens, Indebtedness, Dispositions, Restricted Payments and purchases and repayments of Indebtedness otherwise permitted by this Agreement; 

  
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 (v) the Juffali Investment; provided that such Investment occurs within 36 months of
the Closing Date; 
 (w) promissory notes from an Excluded Subsidiary payable to a Loan Party in exchange for Equity Interests
transferred to such Excluded Subsidiary pursuant to a Disposition permitted by Section 7.05(s); and 
 (x)
Investments in Immaterial Subsidiaries or Unrestricted Subsidiaries in an aggregate amount not to exceed $2,500,000 in any fiscal year in connection with environmental remediation costs and expenses incurred by such Subsidiaries. 

7.04 Fundamental Changes. Merge, dissolve, liquidate, consolidate with or into another Person, or Dispose of (whether in one
transaction or in a series of transactions) all or substantially all of its assets (whether now owned or hereafter acquired) to or in favor of any Person, except that: 
 (a) any Subsidiary may merge, consolidate, amalgamate or liquidate with or into (i) the Borrower, provided that the Borrower shall be the continuing or surviving Person, or (ii) any one
or more other Subsidiaries, including any such merger, consolidation, or amalgamation, the purpose of which is to change the jurisdiction of the Borrower or any Subsidiary so long as the Borrower remains organized under the laws of a state within
the United States and the Loan Parties comply with the Collateral Documents, provided that when any Loan Party is merging with another Subsidiary, such Loan Party shall be the continuing or surviving Person; 

(b) any Loan Party may Dispose of all or substantially all of its assets (upon voluntary liquidation or otherwise) to the Borrower or to
another Loan Party; 
 (c) any Subsidiary that is not a Loan Party may dispose of all or substantially all its assets (including
any Disposition that is in the nature of a liquidation) to (i) another Subsidiary that is not a Loan Party or (ii) to a Loan Party; 
 (d) the Borrower and its Subsidiaries may consummate the Merger; 
 (e) the
Borrower and its Subsidiaries may enter to any merger, consolidation, or amalgamation or effect Dispositions in order to effect any corporate reorganization, provided that in the case of a merger, consolidation or amalgamation involving a
Loan Party, a Loan Party must be the survivor of such merger, consolidation or amalgamation; 
 (f) in connection with any
Acquisition permitted under Section 7.03, any Subsidiary of the Borrower may merge into or consolidate with any other Person or permit any other Person to merge into or consolidate with it; provided that (i) the Person
surviving such merger shall be a Subsidiary of the Borrower and (ii) in the case of any such merger to which any Loan Party (other than the Borrower) is a party, such Loan Party is the surviving Person; and 

(g) the Borrower and its Subsidiaries may consummate any Dispositions permitted by Section 7.05. 

7.05 Dispositions. Make any Disposition, except: 

  
 77 

 (a) Dispositions of obsolete or worn out property, equipment and Dispositions of other
assets no longer necessary or required for operation of business (including insignificant or immaterial parcels of real property), whether now owned or hereafter acquired, in the ordinary course of business; 

(b) Dispositions of cash and Cash Equivalents and Dispositions of inventory in the ordinary course of business; 

(c) Dispositions of assets to the extent that (i) such property is exchanged for credit against the purchase price of replacement
property or (ii) the proceeds of such Disposition are reasonably promptly applied to the purchase price of such replacement property; 
 (d) Dispositions of property by any Subsidiary to the Borrower or to a wholly-owned Subsidiary; provided that if the transferor of such property is a Guarantor, the transferee thereof must either
be the Borrower or a Guarantor and to the extent of any Lien of the Collateral Agent with respect to such property prior to its sale or other disposition, the Lien of the Collateral Agent on such property shall continue in all respects and shall not
be deemed released or terminated as a result of such Disposition, and the Borrower and Guarantors shall execute and deliver such agreements, documents and instruments as Agent may request with respect thereto; 

(e) Dispositions permitted by Section 7.04; 
 (f) the sale or discount, in each case without recourse, of Accounts arising in the ordinary course of business, but only in connection with the compromise or collection thereof; 

(g) any Involuntary Disposition; 
 (h) the leasing, subleasing or non-exclusive licensing or sublicensing of tangible and intangible assets (or an assignment of a lease or license or sublease of assets) of any Loan Party in the ordinary
course of business and which do not materially interfere with the business of the Borrower and the Restricted Subsidiaries, taken as a whole; 
 (i) the abandonment or other disposition of Intellectual Property in the ordinary course of business consistent with past practices that is not material and is no longer used or useful in the business of
the Borrower, or its Subsidiaries; 
 (k) the making of a Restricted Payment or an Investment that in each case is permitted to
be made pursuant to this Agreement; 
 (l) the Dispositions of the real property listed on Schedule 7.05; 

(m) Dispositions by the Borrower and its Subsidiaries not otherwise permitted under this Section 7.05; provided that
(i) at the time of such Disposition, no Event of Default shall exist or would result from such Disposition, (ii) the aggregate consideration for all dispositions pursuant to this clause (m) shall not exceed $75,000,000, (iii) the
purchase price for such asset shall be paid to the Borrower or such Subsidiary at the time of such Disposition at least 75% in cash; provided that the limitation in clause (i) shall not apply if the Borrower shall be in

  
 78 

 
compliance with the Incurrence Test and (iv) the Net Cash Proceeds of such Disposition shall be applied to prepay Loans to the extent required pursuant to Section 2.03(b)(ii);

 (n) Dispositions by the Borrower or any Restricted Subsidiary of property pursuant to any arrangement, directly or
indirectly, with any person whereby it shall sell or transfer any property, real or personal, used or useful in its business, whether now owned or hereafter acquired, and thereafter rent or lease such property or other property that it intends to
use for substantially the same purpose or purposes as the property being sold or transferred (a “Sale and Lease-Back Transaction”); provided that (i) the lease contemplated by such Sale and Lease-Back Transaction is
executed within 270 days of the sale of such property, and (ii) all Net Cash Proceeds resulting from the Disposition pursuant to this Section 7.05(n) of property with a fair market value in excess of $25,000,000 shall be applied to
prepay Loans pursuant to Section 2.03(b)(ii); 
 (o) any surrender or waiver of contractual rights or the settlement,
release or surrender of contractual rights or other litigation claims in the ordinary course of business; 
 (p) the termination
of any Swap Contract; 
 (q) any other Disposition of property by the Borrower or any Restricted Subsidiary for consideration
not in excess of $1,000,000; 
 (r) sales of interests in or assets of Unrestricted Subsidiaries; and 

(s) Dispositions by a Loan Party of any Equity Interests held in a first tier Subsidiary that is organized under the Laws of a
jurisdiction other than the United States, to a Restricted Subsidiary (including any Excluded Subsidiary) whose Equity Interests are the subject of a pledge in favor of the Administrative Agent on behalf of the Lenders pursuant to the Loan
Documents. 
 7.06 Restricted Payments. Declare or make, directly or indirectly, any Restricted Payment, except that:

 (a) each Restricted Subsidiary may make Restricted Payments to a any Loan Party or other Restricted Subsidiary; 

(b) the Borrower and each Subsidiary may declare and make dividend payments or other distributions payable solely in Equity Interests
(other than Disqualified Equity Interest) of such Person; 
 (c) the Borrower and each Subsidiary may purchase, redeem or
otherwise acquire its common Equity Interests with the proceeds received from the substantially concurrent issue of new common Equity Interests; 
 (d) any Subsidiary of Borrower may pay or make distributions to Borrower that are used to make substantially contemporaneous payments to, and the Borrower may make payments to, repurchase or redeem Equity
Interests and options to purchase Equity Interests of Borrower held by officers, directors or employees or former officers, directors or employees (or their 

  
 79 

 
transferees, estates or beneficiaries under their estates) of the Borrower pursuant to any management equity subscription agreement, employee agreement or stock option agreement or other
agreement with such officer, director or employee or former officer, director or employee; provided, that, the aggregate cash consideration paid for all such payments, repurchases or redemptions shall not in any fiscal year of the Borrower
exceed $2,000,000; 
 (e) the Borrower may repurchase its Equity Interests to the extent such repurchase is deemed to occur upon
(i) the non-cash exercise of stock options to the extent such Equity Interests represents a portion of the exercise price of such options and (ii) the withholding of a portion of such Equity Interests to pay taxes associated therewith,

 (f) the purchase of fractional shares of Equity Interests of the Borrower arising out of stock dividends, splits or
combinations or business combinations; 
 (g) so long as (x) no Default shall have occurred and be continuing or would
result therefrom, and (y) immediately after giving effect to the making of such Restricted Payment, the Borrower and its Subsidiaries shall be in compliance, on a Pro Forma Basis, with the covenants set forth in Section 7.11, in
addition to the foregoing Restricted Payments, the Borrower and the Restricted Subsidiaries may make additional Restricted Payments in any fiscal year in an aggregate amount that does not exceed the sum of (x) $75,000,000 (minus Investments
pursuant to clause (x) of Section 7.03(o) and prepayments of Junior Indebtedness pursuant to clause (x) of Section 7.15(c), in each case prior to or on the date of determination) and (y) the Available Amount;
provided that the Borrower shall be in compliance with the Incurrence Test; and 
 (h) to the extent constituting a
Restricted Payment, any transaction permitted by Sections 7.04 or 7.05. 
 7.07 Change in Nature of
Business. Engage in any material line of business substantially different from those lines of business conducted by the Borrower and its Subsidiaries on the date hereof or any business substantially related or incidental thereto. 

7.08 Transactions with Affiliates. Directly or indirectly enter into any transaction of any kind with any Affiliate of the
Borrower, whether or not in the ordinary course of business, other than on fair and reasonable terms substantially as favorable to the Borrower or such Subsidiary as would be obtainable by the Borrower or such Subsidiary at the time in a comparable
arm’s length transaction with a Person other than an Affiliate, except for (a) any employment, consulting, severance or compensation arrangement or agreement, employee benefit plan or arrangement, officer or director indemnification
agreement or any similar arrangement or other compensation arrangement entered into by the Borrower or any of its Subsidiaries in the ordinary course of business and payments, issuance of securities or awards pursuant thereto, and including the
grant of stock options, restricted stock, stock appreciation rights, phantom stock awards or similar rights to employees and directors in each case approved by the Board of Directors of the Borrower or such Subsidiary, (b) transactions
exclusively between or among Loan Parties (or any entity becoming a Loan Party after the consummation of such transaction), and transactions exclusively between or among Subsidiaries (or any entity becoming a Subsidiary after the consummation of
such transaction) of the Borrower that are not 

  
 80 

 
Loan Parties, provided that such transactions are not otherwise prohibited by this Agreement and (c) transactions between the Borrower and Altona Properties Pty Ltd. 

7.09 Burdensome Agreements. Enter into any Contractual Obligation (other than this Agreement, any other Loan Document, the ABL
Documents, or documents governing the 1997 Guaranty, the 2015 Notes and the 2020 Notes) that (a) limits the ability (i) of any Subsidiary to make Restricted Payments to the Borrower or any Guarantor or to otherwise transfer property to or
invest in the Borrower or any Guarantor, (ii) of any Subsidiary to Guarantee the Indebtedness of the Borrower or (iii) of the Borrower or any Subsidiary to create, incur, assume or suffer to exist Liens on property of such Person; or
(b) requires the grant of a Lien to secure an obligation of such Person if a Lien is granted to secure another obligation of such Person; provided, that this Section 7.09 shall not prohibit (i) restrictions contained in
any agreement in effect (x) on the date hereof and set forth on Schedule 7.09 and (y) to the extent Contractual Obligations permitted by clause (x) are set forth in an agreement evidencing Indebtedness, are set forth in any
agreement evidencing any Refinancing Indebtedness in respect of such Indebtedness so long as such renewal, extension or refinancing does not expand the scope of the restrictions described in clause (a) or (b) that are contained in such
Contractual Obligation, (ii) are binding on a Restricted Subsidiary at the time such Restricted Subsidiary first becomes a Restricted Subsidiary pursuant to a Permitted Acquisition, so long as such Contractual Obligations were not entered into
in contemplation of such Person becoming a Restricted Subsidiary, (iii) customary restrictions that arise in connection with any Disposition permitted by Section 7.05 on the assets that are the subject of such Disposition pending
the consummation thereof, (iv) are customary provisions in joint venture agreements and other similar agreements applicable to joint ventures permitted under Section 7.03, (v) any restrictions imposed by any agreement related
to Indebtedness permitted by Section 7.02(t) or Permitted Refinancing thereof, to the extent such restrictions are not more restrictive, taken as a whole, than the restrictions contained in this Agreement and in any event permit
guarantees by the Loan Parties of, and Liens on the Collateral securing, the Obligations, (vi) are customary restrictions contained in leases, subleases or licenses otherwise permitted hereby so long as such restrictions only relate to the
assets subject thereto, (vii) comprise restrictions or Liens imposed by any agreement relating to secured Indebtedness permitted pursuant to Section 7.02(e) to the extent that such restrictions apply only to the property or assets
securing such Indebtedness or (viii) are customary provisions restricting subletting or assignment of any lease governing a leasehold interest. 
 7.10 Use of Proceeds. Use the proceeds of any Credit Extension, whether directly or indirectly, and whether immediately, incidentally or ultimately, to purchase or carry margin stock (within the
meaning of Regulation U of the FRB) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund indebtedness originally incurred for such purpose. 

7.11 Financial Covenants. (a) Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage Ratio as
of the last day of any Measurement Period to be less than the ratio set forth below opposite such fiscal quarter: 

  
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	 Four Fiscal Quarters Ending
	  	Minimum
Consolidated
Interest Coverage
Ratio
	 Closing Date through December 31, 2012
	  	4.00:1.00
	 March 31, 2013 through December 31, 2013
	  	4.25:1.00
	 March 31, 2014 and each fiscal quarter thereafter
	  	4.50:1.00

 (b) Consolidated Leverage Ratio. Permit the Consolidated Leverage Ratio of the last day of any
Measurement Period set forth below to be greater than the ratio set forth below opposite such period: 
  

			
	 Four Fiscal Quarters Ending
	  	Maximum
Consolidated
Leverage Ratio
	 Closing Date through December 31, 2012
	  	3.50:1.00
	 March 31, 2013 through December 31, 2013
	  	3.25:1.00
	 March 31, 2014 through December 31, 2014
	  	3.00:1.00
	 March 31, 2015 through December 31, 2015
	  	2.75:1.00
	 March 31, 2016 and each fiscal quarter thereafter
	  	2.50:1.00

 7.12 Capital Expenditures. Make or become legally obligated to make any Capital Expenditure,
except for Capital Expenditures not exceeding, in the aggregate for the Borrower and its Restricted Subsidiaries during each fiscal year set forth below, the amount set forth opposite such fiscal year: 

 

					
	 Fiscal Year
	  	Amount	 
	 Closing Date to December 31, 2011
	  	$	25,000,000	  
	 2012
	  	$	90,000,000	  
	 2013
	  	$	75,000,000	  
	 2014
	  	$	65,000,000	  
	 2015 and thereafter
	  	$	60,000,000	  

 ; provided, however, that so long as no Default has occurred and is continuing or would result from such
expenditure, any portion of any amount set forth above, if not expended in the fiscal year for which it is permitted above, may be carried over for expenditure in the next following fiscal year; and provided, further, if any such amount is so
carried over, it will be deemed used in the applicable subsequent fiscal year before the amount set forth opposite such fiscal year above. 

  
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 7.13 Amendments of Certain Documents. Amend or otherwise modify (a) any of its
Organization Documents in a manner materially adverse to the Administrative Agent and the Lenders taken as a whole (as determined in good faith by the Borrower) and (b) any term or condition of any Merger Document or Junior Indebtedness in any
manner materially adverse to the interests of the Administrative Agent and the Lenders taken as a whole (as determined in good faith by the Borrower). 
 7.14 Accounting Changes. Make any change in (a) its accounting policies or reporting practices, except as required by GAAP, or (b) its fiscal year. 

7.15 Prepayments, Etc. of Indebtedness. Prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity
thereof in any manner, or make any payment in violation of any subordination terms of, any Junior Indebtedness (it being understood that regularly scheduled payments shall be permitted), except (a) the refinancing thereof with proceeds of
Refinancing Indebtedness, (b) the conversion of Junior Indebtedness into Equity Interests, (c) prepayments of Junior Indebtedness but only so long as no Default shall have occurred and be continuing or would result therefrom and in an
amount that does not exceed the sum of (x) $75,000,000 (minus Investments pursuant to clause (x) of Section 7.03(o) and Restricted Payments pursuant to clause (x) of Section 7.06(g), in each case prior to or on
the date of determination) and (y) the Available Amount, so long as before and after giving effect to such prepayment pursuant to this clause (y), the Borrower is in compliance with the Incurrence Test and (d) so long as no Default shall
have occurred and be continuing or would result therefrom, prepayments of the 2015 Notes. 
 7.16 Designation of Senior
Debt. Designate any Indebtedness (other than the Indebtedness under the Loan Documents and the ABL Credit Agreement) of the Borrower or any of its Subsidiaries as “Designated Senior Debt” (or any similar term) under, and as
defined in, any Subordinated Indebtedness. 
 7.17 1997 Guaranty, 2015 Notes and 2020 Notes. (a) Enter into or
consent to or acknowledge any amendment, modification, restatement, change or refinancing of (i) the 1997 Guaranty or any of the other 1997 Guaranty Documents, (ii) the 2015 Notes or any of the other 2015 Notes Documents or the
(iii) 2020 Notes, in each case, other than to (x) terminate such document or agreement or any obligation thereunder or (y) terminate, release or make less restrictive to the Borrower or any Restricted Subsidiary any term, provision,
covenant, security interest or lien thereof. 
 (b) Permit or cause any 1997 Guaranty Collateral Document or any 2015 Notes
Collateral Document to have a term, provision, covenant, security interest, lien or other encumbrance that is more restrictive to any Loan Party than those in any similar Collateral Document. 

(c) Permit any Subsidiary or any Joint Venture that is not a Loan Party to execute or become obligated under any of the 1997 Guaranty
Documents or 2015 Notes Documents. 
 (d) Permit or give rise to any Indebtedness or obligation that will require the granting
of a security interest, lien or other encumbrance to holders of the 2020 Notes. 

  
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 ARTICLE VIII 
 EVENTS OF DEFAULT AND REMEDIES 
 8.01 Events of Default. Any of the
following shall constitute an Event of Default: 
 (a) Non-Payment. The Borrower or any other Loan Party fails to
(i) pay when and as required to be paid herein, any amount of principal of any Loan, or (ii) pay within three days after the same becomes due, any interest on any Loan, or any fee due hereunder, or (iii) pay within five days after the
same becomes due, any other amount payable hereunder or under any other Loan Document; or 
 (b) Specific Covenants.
(i) The Borrower or any Restricted Subsidiary fails to perform or observe any term, covenant or agreement contained in any of Section 6.03, 6.05, or Article VII; or 

(c) Other Defaults. Any Loan Party fails to perform or observe any other covenant or agreement (not specified in
Section 8.01(a) or (b) above) contained in any Loan Document on its part to be performed or observed and such failure continues for 30 days after the earlier of (i) a Responsible Officer of such Loan Party becoming aware
of such default or (ii) receipt by such Loan Party of notice from the Administrative Agent or any Lender of such default; or 
 (d) Representations and Warranties. Any representation, warranty, certification or statement of fact made or deemed made by or on behalf of the Borrower or any other Loan Party herein, in any other
Loan Document, or in any document delivered in connection herewith or therewith shall be incorrect or misleading in any material respect when made or deemed made; or 
 (e) Cross-Default. (i) Any Loan Party or any Restricted Subsidiary thereof (A) fails to make any payment when due (whether by scheduled maturity, required prepayment, acceleration,
demand, or otherwise) in respect of any Indebtedness or Guarantee (other than Indebtedness hereunder) having an aggregate principal amount (including undrawn committed or available amounts and including amounts owing to all creditors under any
combined or syndicated credit arrangement) of more than the Threshold Amount, or (B) fails to observe or perform any other agreement or condition relating to any such Indebtedness or Guarantee or contained in any instrument or agreement
evidencing, securing or relating thereto, or any other event occurs, the effect of which default or other event is to cause, or to permit the holder or holders of such Indebtedness or the beneficiary or beneficiaries of such Guarantee (or a trustee
or agent on behalf of such holder or holders or beneficiary or beneficiaries) to cause (whether or not exercised), with the giving of notice if required, such Indebtedness to be demanded or to become due or to be purchased, repurchased, prepaid,
defeased or redeemed (automatically or otherwise), or an offer to purchase, repurchase, prepay, defease or redeem such Indebtedness to be made, prior to its stated maturity, or such Guarantee to become payable or cash collateral in respect thereof
to be demanded; provided that this clause (e) shall not apply to secured Indebtedness that becomes due (and is paid in full and otherwise discharged within five Business Days of initially becoming due) as a result of the voluntary sale
or transfer of the property or assets securing such Indebtedness, if such sale or transfer is permitted hereunder and under the documents providing for such Indebtedness or (ii) notwithstanding clause (i) above, a breach, a default
or an event of 

  
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default under any of the 1997 Guaranty Documents that would permit any holder of any of the Series G Notes or any agent or trustee on behalf of any holder of any of the Series G Notes (A) to
commence an action or proceeding against or exercise any right or remedy against any Loan Party or any Restricted Subsidiary or any asset or property of any Loan Party or any Restricted Subsidiary or (B) to make a demand on any Loan Party or
any Restricted Subsidiary to purchase, repurchase, defease or redeem (automatically or otherwise), or offer to purchase, repurchase, prepay, defease or redeem any and all amounts owing under the 1997 Guaranty or the Series G Notes; or 

(f) Insolvency Proceedings, Etc. Any Loan Party or any Restricted Subsidiary (other than any Immaterial Subsidiary) thereof
institutes or consents to the institution of any proceeding under any Debtor Relief Law, or makes an assignment for the benefit of creditors; or applies for or consents to the appointment of any receiver, trustee, custodian, conservator, liquidator,
rehabilitator or similar officer for it or for all or any material part of its property; or any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer is appointed without the application or consent of such Person
and the appointment continues undischarged or unstayed for 60 calendar days; or any proceeding under any Debtor Relief Law relating to any such Person or to all or any material part of its property is instituted without the consent of such Person
and continues undismissed or unstayed for 60 calendar days, or an order for relief is entered in any such proceeding; or 
 (g)
Inability to Pay Debts; Attachment. (i) Any Loan Party or any Restricted Subsidiary thereof becomes unable or admits in writing its inability or fails generally to pay its debts as they become due, or (ii) any writ or warrant of
attachment or execution or similar process is issued or levied against all or any material part of the property of any such Person and is not released, vacated or fully bonded within 30 days after its issue or levy; or 

(h) Judgments. There is entered against any Loan Party or any Restricted Subsidiary thereof (i) one or more final judgments
or orders for the payment of money in an aggregate amount (as to all such judgments and orders) exceeding the Threshold Amount (to the extent not covered by independent third-party insurance as to which the insurer has been notified of the potential
claim and does not dispute or decline coverage), or (ii) any one or more final judgments other than for the payment of money, that have, or would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect and,
in either case, (A) enforcement proceedings are commenced by any creditor upon such judgment or order, or (B) there is a period of ten (10) consecutive days at any time after the entry of any such judgment, order, or award during
which the same is not discharged, satisfied, vacated, or bonded pending appeal, or (C) a stay of enforcement of such judgment, by reason of a pending appeal or otherwise, is not in effect; or 

(i) ERISA. (i) Except as is not reasonably expected to result in a Material Adverse Effect, an ERISA Event occurs with
respect to a Pension Plan or Multiemployer Plan which has resulted or could reasonably be expected to result in liability of the Borrower under Title IV of ERISA to the Pension Plan, Multiemployer Plan or the PBGC in an aggregate amount in
excess of the Threshold Amount, or (ii) the Borrower or any ERISA Affiliate fails to pay when due, after the expiration of any applicable grace period, any installment payment with respect to its

  
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withdrawal liability under Section 4201 of ERISA under a Multiemployer Plan in an aggregate amount in excess of the Threshold Amount; or 

(j) Invalidity of Loan Documents. The validity or enforceability of any material provision of any Loan Document, shall at any time
for any reason (other than the failure of the Administrative Agent to file UCC-1 financing statements or maintain possession of stock certificates that have been delivered to it and other than as a result of any transaction permitted by this
Agreement or after the satisfaction of the Obligations) cease to be in full force and effect or be declared to be null and void, or any Loan Party or its Subsidiaries purport to revoke, terminate or rescind any provision of any Loan Document, or a
proceeding shall be commenced by a Loan Party or its Subsidiaries, or by any Governmental Authority having jurisdiction over a Loan Party or its Subsidiaries, seeking to establish the invalidity or unenforceability thereof, or a Loan Party or its
Subsidiaries shall deny that such Loan Party or its Subsidiaries has any liability or obligation purported to be created under any Loan Document; or 
 (k) Change of Control. There occurs any Change of Control; or 
 (l)
Collateral and Other Documents. Any Collateral Document shall fail or cease to create a valid and perfected and, except to the extent set forth in the Intercreditor Agreement, and to the extent Permitted Liens have priority, first priority
Lien on the Collateral purported to be covered thereby (except as a result of a transaction permitted by this Agreement or with respect to Collateral with a collective fair market value of less than the Threshold Amount) or the subordination
provisions contained in any agreement related to any Subordinated Debt shall cease to be in full force and effect or to give Agent or Lenders the rights, powers and privileges purported to be created thereby; or 

(m) Forfeiture of Collateral. The indictment by any Governmental Authority, or any indictment threatened in writing by any
Governmental Authority of any Loan Party of which any Loan Party or Agent receives notice, as to which there is a reasonable possibility of an adverse determination, under any criminal statute, or commencement or threatened commencement of criminal
or civil proceedings against such Loan Party, in each case pursuant to which statute or proceedings the penalties or remedies sought or available include forfeiture of (i) any of the Collateral having a value in excess of the Threshold Amount
or (ii) any other property of any Loan Party which is necessary or material to the conduct of its business. 
 8.02
Remedies upon Event of Default. If any Event of Default occurs and is continuing, the Administrative Agent shall, at the request of, or may, with the consent of, the Required Lenders, (a) declare the unpaid principal amount of all
outstanding Loans, all interest accrued and unpaid thereon, and all other amounts owing or payable hereunder or under any other Loan Document to be immediately due and payable, without presentment, demand, protest or other notice of any kind, all of
which are hereby expressly waived by the Borrower and (b) exercise on behalf of itself and the Lenders all rights and remedies available to it and the Lenders under the Loan Documents or applicable Law; 

provided, however, that upon the occurrence of an actual or deemed entry of an order for relief with respect to the Borrower under the Bankruptcy
Code of the United States, the obligation of each Lender to make Loans shall automatically terminate, the unpaid principal amount of all 

  
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outstanding Loans and all interest and other amounts as aforesaid shall automatically become due and payable, in each case without further act of the Administrative Agent or any Lender.

 8.03 Application of Funds. After the exercise of remedies provided for in Section 8.02 (or after the Loans
have automatically become immediately due and payable as set forth in the proviso to Section 8.02), any amounts received on account of the Obligations shall be applied by the Administrative Agent in the following order: 

First, to payment of that portion of the Obligations constituting fees, indemnities, expenses and other amounts (including fees,
charges and disbursements of counsel to the Administrative Agent and amounts payable under Article III) payable to the Administrative Agent in its capacity as such; 
 Second, to payment of that portion of the Obligations constituting fees, indemnities and other amounts (other than principal and interest) payable to the Lenders (including fees, charges and
disbursements of counsel to the respective Lenders) arising under the Loan Documents and amounts payable under Article III, ratably among them in proportion to the respective amounts described in this clause Second payable to them;

 Third, to payment of that portion of the Obligations constituting accrued and unpaid interest on the Loans and other
Obligations arising under the Loan Documents, ratably among the Lenders in proportion to the respective amounts described in this clause Third payable to them; 
 Fourth, to payment of that portion of the Obligations constituting unpaid principal of the Loans, ratably among the Lenders in proportion to the respective amounts described in this clause
Fourth held by them; 
 Fifth, to the payment of all other Obligations of the Loan Parties owing under or in
respect of the Loan Documents that are due and payable to the Administrative Agent and the other Secured Parties on such date, ratably based upon the respective aggregate amounts of all such Obligations owing to the Administrative Agent and the
other Secured Parties on such date; and 
 Last, the balance, if any, after all of the Obligations have been indefeasibly
paid in full, to the Borrower or as otherwise required by Law. 
 ARTICLE IX 

ADMINISTRATIVE AGENT 
 9.01 Appointment and Authority. (a) Each of the Lenders hereby irrevocably appoints Bank of America to act on its behalf as the Administrative Agent hereunder and under the other Loan
Documents and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent by the terms hereof or thereof, together with such actions and powers as are reasonably
incidental thereto. The provisions of this Article are solely for the benefit of the Administrative Agent and the Lenders, and the Borrower shall not have rights as a third party beneficiary of any of such provisions. 

  
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 (b) The Administrative Agent shall also act as the “collateral agent” under
the Loan Documents, and each of the Lenders hereby irrevocably appoints and authorizes the Administrative Agent to act as the agent of such Lender for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the
Loan Parties to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Administrative Agent, as “collateral agent” and any co-agents, sub-agents and
attorneys-in-fact appointed by the Administrative Agent pursuant to Section 9.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Collateral Documents, or for exercising any
rights and remedies thereunder at the direction of the Administrative Agent), shall be entitled to the benefits of all provisions of this Article IX and Article X (including Section 10.04(c), as though such co-agents,
sub-agents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. 
 9.02 Rights as a Lender. The Person serving as the Administrative Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as
though it were not the Administrative Agent and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person serving as the Administrative Agent hereunder
in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with the Borrower or any Subsidiary
or other Affiliate thereof as if such Person were not the Administrative Agent hereunder and without any duty to account therefor to the Lenders. 
 9.03 Exculpatory Provisions. The Administrative Agent shall not have any duties or obligations except those expressly set forth herein and in the other Loan Documents. Without limiting the
generality of the foregoing, the Administrative Agent: 
 (a) shall not be subject to any fiduciary or other implied duties,
regardless of whether a Default has occurred and is continuing; 
 (b) shall not have any duty to take any discretionary action
or exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby or by the other Loan Documents that the Administrative Agent is required to exercise as directed in writing by the Required Lenders (or such
other number or percentage of the Lenders as shall be expressly provided for herein or in the other Loan Documents), provided that the Administrative Agent shall not be required to take any action that, in its opinion or the opinion of its
counsel, may expose the Administrative Agent to liability or that is contrary to any Loan Document or applicable law; and 
 (c)
shall not, except as expressly set forth herein and in the other Loan Documents, have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to the Borrower or any of its Affiliates that is communicated
to or obtained by the Person serving as the Administrative Agent or any of its Affiliates in any capacity. 
 (d) The
Administrative Agent shall not be liable for any action taken or not taken by it (i) with the consent or at the request of the Required Lenders (or such other number or 

  
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percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith shall be necessary, under the circumstances as provided in Sections 10.01 and
8.02) or (ii) in the absence of its own gross negligence or willful misconduct. The Administrative Agent shall be deemed not to have knowledge of any Default unless and until notice describing such Default is given to the Administrative
Agent by the Borrower or a Lender. 
 (e) The Administrative Agent shall not be responsible for or have any duty to ascertain or
inquire into (i) any statement, warranty or representation made in or in connection with this Agreement or any other Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or in
connection herewith or therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default, (iv) the validity, enforceability,
effectiveness or genuineness of this Agreement, any other Loan Document or any other agreement, instrument or document, or the creation, perfection or priority of any Lien purported to be created by the Collateral Documents, (v) the value or
the sufficiency of any Collateral, or (v) the satisfaction of any condition set forth in Article IV or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent. 

9.04 Reliance by Administrative Agent. The Administrative Agent shall be entitled to rely upon, and shall not incur any liability
for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic message, Internet or intranet website posting or other distribution) believed by it to be genuine and to have
been signed, sent or otherwise authenticated by the proper Person. The Administrative Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper Person, and shall not incur any
liability for relying thereon. In determining compliance with any condition hereunder to the making of a Loan that by its terms must be fulfilled to the satisfaction of a Lender, the Administrative Agent may presume that such condition is
satisfactory to such Lender unless the Administrative Agent shall have received notice to the contrary from such prior to the making of such Loan. The Administrative Agent may consult with legal counsel (who may be counsel for the Borrower),
independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts. 

9.05 Delegation of Duties. The Administrative Agent may perform any and all of its duties and exercise its rights and powers
hereunder or under any other Loan Document by or through any one or more sub-agents appointed by the Administrative Agent. The Administrative Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers by or
through their respective Related Parties. The exculpatory provisions of this Article shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any such sub-agent, and shall apply to their respective activities in
connection with the syndication of the credit facilities provided for herein as well as activities as Administrative Agent. 

9.06 Resignation of Administrative Agent. The Administrative Agent may at any time give notice of its resignation to the Lenders
and the Borrower. Upon receipt of any such notice of resignation, the Required Lenders shall have the right, in consultation with the Borrower, to appoint a successor, which shall be a bank with an office in the United States, or an Affiliate of

  
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any such bank with an office in the United States. If no such successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days after the
retiring Administrative Agent gives notice of its resignation, then the retiring Administrative Agent may on behalf of the Lenders appoint a successor Administrative Agent meeting the qualifications set forth above; provided that if the
Administrative Agent shall notify the Borrower and the Lenders that no qualifying Person has accepted such appointment, then such resignation shall nonetheless become effective in accordance with such notice and (a) the retiring Administrative
Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents (except that in the case of any collateral security held by the Administrative Agent on behalf of the Lenders under any of the Loan Documents, the
retiring Administrative Agent shall continue to hold such collateral security until such time as a successor Administrative Agent is appointed) and (b) all payments, communications and determinations provided to be made by, to or through the
Administrative Agent shall instead be made by or to each Lender directly, until such time as the Required Lenders appoint a successor Administrative Agent as provided for above in this Section. Upon the acceptance of a successor’s appointment
as Administrative Agent hereunder, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring (or retired) Administrative Agent, and the retiring Administrative Agent shall be discharged
from all of its duties and obligations hereunder or under the other Loan Documents (if not already discharged therefrom as provided above in this Section). The fees payable by the Borrower to a successor Administrative Agent shall be the same as
those payable to its predecessor unless otherwise agreed between the Borrower and such successor. After the retiring Administrative Agent’s resignation hereunder and under the other Loan Documents, the provisions of this Article and
Section 10.04 shall continue in effect for the benefit of such retiring Administrative Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while the retiring
Administrative Agent was acting as Administrative Agent. 
 9.07 Non-Reliance on Administrative Agent and Other Lenders.
Each Lender acknowledges that it has, independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information as it has deemed appropriate, made its own credit
analysis and decision to enter into this Agreement. Each Lender also acknowledges that it will, independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and
information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Loan Document or any related agreement or any document furnished hereunder or
thereunder. 
 9.08 No Other Duties, Etc. Anything herein to the contrary notwithstanding, none of the Syndication Agent,
Bookrunners or Lead Arrangers listed on the cover page hereof shall have any powers, duties or responsibilities under this Agreement or any of the other Loan Documents, except in its capacity, as applicable, as the Administrative Agent, a Lender
hereunder. 
 9.09 Administrative Agent May File Proofs of Claim. In case of the pendency of any proceeding under any
Debtor Relief Law or any other judicial proceeding relative to any Loan Party, the Administrative Agent (irrespective of whether the principal of any Loan shall then be 

  
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due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Administrative Agent shall have made any demand on the Borrower) shall be entitled and
empowered, by intervention in such proceeding or otherwise 
 (a) to file and prove a claim for the whole amount of the
principal and interest owing and unpaid in respect of the Loans and all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders and the Administrative
Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders and the Administrative Agent and their respective agents and counsel and all other amounts due the Lenders and the Administrative Agent
under Sections 2.07 and 10.04) allowed in such judicial proceeding; and 
 (b) to collect and receive any monies
or other property payable or deliverable on any such claims and to distribute the same; 
 and any custodian, receiver, assignee, trustee,
liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender to make such payments to the Administrative Agent and, if the Administrative Agent shall consent to the making of such payments
directly to the Lenders, to pay to the Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative
Agent under Sections 2.07 and 10.04. 
 Nothing contained herein shall be deemed to authorize the
Administrative Agent to authorize or consent to or accept or adopt on behalf of any Lender any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender to authorize the Administrative Agent
to vote in respect of the claim of any Lender or in any such proceeding. 
 9.10 Collateral and Guaranty Matters. Each of
the Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion, 
 (a) to release any Lien on
any property granted to or held by the Administrative Agent under any Loan Document (i) upon termination of the Aggregate Commitments and payment in full of all Obligations (other than contingent indemnification obligations), (ii) that is
sold or to be sold as part of or in connection with any sale permitted hereunder or or any Disposition that is not prohibited hereunder or under any other Loan Document, or (iii) if approved, authorized or ratified in writing in accordance with
Section 10.01; 
 (b) to release any Guarantor from its obligations under the Guaranty if such Person becomes an
Unrestricted or Immaterial Subsidiary or ceases to be a Subsidiary as a result of a transaction permitted hereunder; and 
 (c)
to subordinate any Lien on any property granted to or held by the Administrative Agent under any Loan Document to the holder of any Lien on such property that is permitted by Section 7.01(i) or in connection with a Permitted Encumbrance
that is entered into in the ordinary course of business and is not a Disposition. 

  
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 Upon request by the Administrative Agent at any time, the Required Lenders will confirm in
writing the Administrative Agent’s authority to release or subordinate its interest in particular types or items of property, or to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.10. In each
case as specified in this Section 9.10, the Administrative Agent will, at the Borrower’s reasonable expense, execute and deliver to the applicable Loan Party such documents as such Loan Party may reasonably request to evidence the
release of such item of Collateral from the assignment and security interest granted under the Collateral Documents or to subordinate its interest in such item, or to release such Guarantor from its obligations under the Guaranty, in each case in
accordance with the terms of the Loan Documents and this Section 9.10. 
 ARTICLE X 

MISCELLANEOUS 

10.01 Amendments, Etc. No amendment or waiver of any provision of this Agreement or any other Loan Document, and no consent to any
departure by the Borrower or any other Loan Party therefrom, shall be effective unless in writing signed by the Required Lenders and the Borrower or the applicable Loan Party, as the case may be, and acknowledged by the Administrative Agent, and
each such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given; provided, however, that no such amendment, waiver or consent shall: 

(a) waive any condition set forth in Section 4.01, without the written consent of each Lender; 

(b) extend or increase the Commitment of any Lender (or reinstate any Commitment terminated pursuant to Section 8.02) without
the written consent of such Lender; 
 (c) postpone any date fixed by this Agreement or any other Loan Document for any
scheduled payment (excluding mandatory prepayments) of principal, interest, fees or other amounts due to the Lenders (or any of them) hereunder or under such other Loan Document without the written consent of each Lender entitled to such scheduled
payment; 
 (d) reduce the principal of, or the rate of interest specified herein on, any Loan or any fees or other amounts
payable hereunder or under any other Loan Document without the written consent of each Lender entitled to such amount; provided, however, that only the consent of the Required Lenders shall be necessary to amend the definition of
“Default Rate” or to waive any obligation of the Borrower to pay interest at the Default Rate; 
 (e) change
(i) Section 8.03 in a manner that would alter the pro rata sharing of payments required thereby without the written consent of each Lender or (ii) the order of application of any reduction in the Commitments or any prepayment
of Loans; 
 (f) change any provision of this Section 10.01 or the definition of “Required Lenders” or any
other provision hereof specifying the number or percentage of Lenders required to amend, waive or otherwise modify any rights hereunder or make any determination or grant any consent hereunder without the written consent of each Lender; 

  
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 (g) release all or substantially all of the Collateral in any transaction or series of
related transactions, without the written consent of each Lender; 
 (h) release all or substantially all of the value of the
Guaranty, without the written consent of each Lender, except to the extent the release of any Subsidiary from the Guaranty is permitted pursuant to Section 9.10 (in which case such release may be made by the Administrative Agent acting
alone); or 
 (i) impose any greater restriction on the ability of any Lender to assign any of its rights or obligations
hereunder without the written consent of the Required Lenders; 
 and provided, further, that (i) no amendment, waiver or consent
shall, unless in writing and signed by the Administrative Agent in addition to the Lenders required above, affect the rights or duties of the Administrative Agent under this Agreement or any other Loan Document; and (ii) the Fee Letter may be
amended, or rights or privileges thereunder waived, in a writing executed only by the parties thereto. Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or
consent hereunder, (and any amendment, waiver or consent which by its terms requires the consent of all Lenders or each affected Lender may be effected with the consent of the applicable Lenders other than Defaulting Lenders), except that
(x) the Commitment of any Defaulting Lender may not be increased or extended without the consent of such Lender and (y) any waiver, amendment or modification requiring the consent of all Lenders or each affected Lender that by its terms
affects any Defaulting Lender more adversely than other affected Lenders shall require the consent of such Defaulting Lender. 

10.02 Notices; Effectiveness; Electronic Communications. (a) Notices Generally. Except in the case of notices and
other communications expressly permitted to be given by telephone (and except as provided in subsection (b) below), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier
service, mailed by certified or registered mail or sent by telecopier as follows, and all notices and other communications expressly permitted hereunder to be given by telephone shall be made to the applicable telephone number, as follows:

 (i) if to the Borrower or the Administrative Agent, to the address, telecopier number, electronic mail address
or telephone number specified for such Person on Schedule 10.02; and 
 (ii) if to any other Lender, to
the address, telecopier number, electronic mail address or telephone number specified in its Administrative Questionnaire. 
 Notices and other
communications sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when received; notices and other communications sent by telecopier shall be deemed to have been given when sent
(except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of business on the next business day for the recipient). Notices and other communications delivered through electronic
communications to the extent provided in subsection (b) below shall be effective as provided in such subsection (b). 

  
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 (b) Electronic Communications. Notices and other communications to the Lenders
hereunder may be delivered or furnished by electronic communication (including e-mail and Internet or intranet websites) pursuant to procedures approved by the Administrative Agent, provided that the foregoing shall not apply to notices to
any Lender pursuant to Article II if such Lender has notified the Administrative Agent that it is incapable of receiving notices under such Article by electronic communication. The Administrative Agent or the Borrower may, in its discretion,
agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it, provided that approval of such procedures may be limited to particular notices or communications. 

Unless the Administrative Agent otherwise prescribes, (i) notices and other communications sent to an e-mail address shall be deemed
received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written acknowledgement), provided that if such
notice or other communication is not sent during the normal business hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business on the next business day for the recipient, and (ii) notices
or communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as described in the foregoing clause (i) of notification that such notice or
communication is available and identifying the website address therefor. 
 (c) The Platform. THE PLATFORM IS PROVIDED
“AS IS” AND “AS AVAILABLE.” THE AGENT PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE BORROWER MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS
FROM THE BORROWER MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS,
IS MADE BY ANY AGENT PARTY IN CONNECTION WITH THE BORROWER MATERIALS OR THE PLATFORM. In no event shall the Administrative Agent or any of its Related Parties (collectively, the “Agent Parties”) have any liability to the Borrower,
any Lender or any other Person for losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract or otherwise) arising out of the Borrower’s or the Administrative Agent’s transmission of Borrower Materials through
the Internet, except to the extent that such losses, claims, damages, liabilities or expenses are determined by a court of competent jurisdiction by a final and nonappealable judgment to have resulted from the gross negligence or willful misconduct
of such Agent Party; provided, however, that in no event shall any Agent Party have any liability to the Borrower, any Lender or any other Person for indirect, special, incidental, consequential or punitive damages (as opposed to direct or
actual damages). 
 (d) Change of Address, Etc. Each of the Borrower and the Administrative Agent may change its address,
telecopier or telephone number for notices and other communications hereunder by notice to the other parties hereto. Each other Lender may change its address, telecopier or telephone number for notices and other communications hereunder by notice to
the Borrower and the Administrative Agent. In addition, each Lender agrees to notify the Administrative Agent from time to time to ensure that the Administrative Agent has on record (i)

  
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an effective address, contact name, telephone number, telecopier number and electronic mail address to which notices and other communications may be sent and (ii) accurate wire instructions
for such Lender. Furthermore, each Public Lender agrees to cause at least one individual at or on behalf of such Public Lender to at all times have selected the “Private Side Information” or similar designation on the content declaration
screen of the Platform in order to enable such Public Lender or its delegate, in accordance with such Public Lender’s compliance procedures and applicable Law, including United States Federal and state securities Laws, to make reference to
Borrower Materials that are not made available through the “Public Side Information” portion of the Platform and that may contain material non-public information with respect to the Borrower or its securities for purposes of United States
Federal or state securities laws. 
 (e) Reliance by Administrative Agent and Lenders. The Administrative Agent and the
Lenders shall be entitled to rely and act upon any notices (including telephonic Committed Loan Notices) purportedly given by or on behalf of the Borrower even if (i) such notices were not made in a manner specified herein, were incomplete or
were not preceded or followed by any other form of notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. The Borrower shall indemnify the Administrative Agent, each Lender and
the Related Parties of each of them from all losses, costs, expenses and liabilities resulting from the reliance by such Person on each notice purportedly given by or on behalf of the Borrower. All telephonic notices to and other telephonic
communications with the Administrative Agent may be recorded by the Administrative Agent, and each of the parties hereto hereby consents to such recording. 
 10.03 No Waiver; Cumulative Remedies; Enforcement. No failure by any Lender or the Administrative Agent to exercise, and no delay by any such Person in exercising, any right, remedy, power or
privilege hereunder or under any other Loan Document shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any
other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided, and provided under each other Loan Document, are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law.

 Notwithstanding anything to the contrary contained herein or in any other Loan Document, the authority to enforce rights and
remedies hereunder and under the other Loan Documents against the Loan Parties or any of them shall be vested exclusively in, and all actions and proceedings at law in connection with such enforcement shall be instituted and maintained exclusively
by, the Administrative Agent in accordance with Section 8.02 for the benefit of all the Lenders; provided, however, that the foregoing shall not prohibit (a) the Administrative Agent from exercising on its own behalf the
rights and remedies that inure to its benefit (solely in its capacity as Administrative Agent) hereunder and under the other Loan Documents, (b) any Lender from exercising setoff rights in accordance with Section 10.08 (subject to
the terms of Section 2.11), or (c) any Lender from filing proofs of claim or appearing and filing pleadings on its own behalf during the pendency of a proceeding relative to any Loan Party under any Debtor Relief Law; and
provided, further, that if at any time there is no Person acting as Administrative Agent hereunder and under the other Loan Documents, then (i) the Required Lenders shall have the rights otherwise ascribed to the Administrative Agent
pursuant to Section 8.02 and (ii) in 

  
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addition to the matters set forth in clauses (b) and (c) of the preceding proviso and subject to Section 2.11, any Lender may, with the consent of the Required Lenders,
enforce any rights and remedies available to it and as authorized by the Required Lenders. 
 10.04 Expenses; Indemnity;
Damage Waiver. (a) Costs and Expenses. The Borrower shall pay (i) all reasonable out-of-pocket expenses incurred by the Administrative Agent and its Affiliates (including the reasonable fees, charges and disbursements of counsel
for the Administrative Agent in each relevant jurisdiction,), in connection with the syndication of the credit facilities provided for herein, the preparation, negotiation, execution, delivery and administration of this Agreement and the other Loan
Documents or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated), and (ii) all out-of-pocket expenses incurred by the Administrative
Agent, Syndication Agent, Bookrunners, Lead Arrangers or any Lender (including the reasonable fees, charges and disbursements of counsel for the Administrative Agent and the Lenders), in connection with the enforcement or protection of its rights
(A) in connection with this Agreement and the other Loan Documents, including its rights under this Section, or (B) in connection with Loans made hereunder, including all such out-of-pocket expenses incurred during any workout,
restructuring or negotiations in respect of such Loans; provided that in the case of charges of outside counsel, such payment shall be limited to the fees, disbursements and other charges of (x) one transaction counsel, (y) if
reasonably necessary (as determined by the Administrative Agent), one local counsel in each relevant jurisdiction and (z) if reasonably necessary (as determined by the Administrative Agent), regulatory and specialist counsel (and, in each case,
in the case of an actual or a potential conflict of interest, (A) one additional counsel for each affected person (or group of persons) and (B) if necessary, one local, regulatory and/or specialist counsel for each affected person (or
group of persons) in any relevant jurisdiction. 
 (b) Indemnification by the Borrower. The Borrower shall indemnify the
Administrative Agent (and any sub-agent thereof), Syndication Agent, Bookrunners, Lead Arrangers each Lender and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold
each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the fees, charges and disbursements of counsel for any Indemnitees), incurred by any Indemnitee or asserted against any Indemnitee by any
third party or by the Borrower or any other Loan Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby,
the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its
Related Parties only, the administration of this Agreement and the other Loan Documents, (ii) any Loan or the use or proposed use of the proceeds therefrom, (iii) any actual or alleged presence or release of Hazardous Materials on or from
any property owned or operated by the Borrower or any of its Subsidiaries, or any Environmental Liability related in any way to the Borrower or any of its Subsidiaries, or (iv) any actual or prospective claim, litigation, investigation or
proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrower or any other Loan Party or any of the Borrower’s or such Loan Party’s directors,
shareholders or creditors, and regardless of whether any Indemnitee is a party thereto, IN ALL CASES, 

  
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WHETHER OR NOT CAUSED BY OR ARISING, IN WHOLE OR IN PART, OUT OF THE COMPARATIVE, CONTRIBUTORY OR SOLE NEGLIGENCE OF THE INDEMNITEE; provided that such indemnity shall not, as to
any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses (x) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence
or willful misconduct of such Indemnitee or (y) result from a claim brought by the Borrower or any other Loan Party against an Indemnitee for breach in bad faith of such Indemnitee’s obligations hereunder or under any other Loan Document,
if the Borrower or such Loan Party has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction; provided further that with respect to each claim (or related series of claims),
in the case of charges of outside counsel, such payment shall be limited to the fees, disbursements and other charges of (x) one counsel, (y) if reasonably necessary (as determined by the Administrative Agent), one local counsel in each
relevant jurisdiction and (z) if reasonably necessary (as determined by the Administrative Agent), regulatory and specialist counsel (and, in each case, in the case of an actual or a potential conflict of interest, (A) one additional
counsel for each affected person (or group of persons) and (B) if necessary, one local, regulatory and/or specialist counsel for each affected person (or group of persons) in any relevant jurisdiction. 

(c) Reimbursement by Lenders. To the extent that the Borrower for any reason fails to indefeasibly pay any amount required under
subsection (a) or (b) of this Section to be paid by it to the Administrative Agent (or any sub-agent thereof), or any Related Party of any of the foregoing, each Lender severally agrees to pay to the Administrative Agent (or any such
sub-agent), or such Related Party, as the case may be, such Lender’s Applicable Percentage (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount, provided that the
unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent (or any such sub-agent) in its capacity as such, or against any Related Party of
any of the foregoing acting for the Administrative Agent (or any such sub-agent) in connection with such capacity. The obligations of the Lenders under this subsection (c) are subject to the provisions of Section 2.12. 

(d) Waiver of Consequential Damages, Etc. To the fullest extent permitted by applicable law, the Borrower shall not assert, and
hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any
other Loan Document or any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Loan or the use of the proceeds thereof. No Indemnitee referred to in subsection (b) above shall be liable for any
damages arising from the use by unintended recipients of any information or other materials distributed to such unintended recipients by such Indemnitee through telecommunications, electronic or other information transmission systems in connection
with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby other than for direct or actual damages resulting from the gross negligence or willful misconduct of such Indemnitee as determined by a final and
nonappealable judgment of a court of competent jurisdiction. 

  
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 (e) Payments. All amounts due under this Section shall be payable not later than ten
Business Days after demand therefor. 
 (f) Survival. The agreements in this Section shall survive the resignation of the
Administrative Agent, the replacement of any Lender, the termination of the Aggregate Commitments and the repayment, satisfaction or discharge of all the other Obligations. 
 10.05 Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to the Administrative Agent or any Lender, or the Administrative Agent or any Lender exercises its
right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by the
Administrative Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation
or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative
Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by the Administrative Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal
to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under clause (b) of the preceding sentence shall survive the payment in full of the Obligations and the termination of this Agreement. 

10.06 Successors and Assigns. (a) Successors and Assigns Generally. The provisions of this Agreement shall be binding
upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby, except that the Borrower may not assign or otherwise transfer any of its rights or obligations hereunder without the prior written
consent of the Administrative Agent and each Lender and no Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an assignee in accordance with the provisions of Section 10.06(b),
(ii) by way of participation in accordance with the provisions of Section 10.06(d), or (iii) by way of pledge or assignment of a security interest subject to the restrictions of Section 10.06(f) (and any other
attempted assignment or transfer by any party hereto shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns
permitted hereby, Participants to the extent provided in subsection (d) of this Section and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent and the Lenders) any legal or equitable right,
remedy or claim under or by reason of this Agreement. 
 (b) Assignments by Lenders. Any Lender may at any time assign to
one or more assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment(s) and the Loans at the time owing to it); provided that any such assignment shall be subject to the
following conditions: 
 (i) Minimum Amounts. 

(A) in the case of an assignment (i) in connection with the initial syndication of the Commitments held by Bank of
America, N.A. and Wells Fargo 

  
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Bank, N.A. and (ii) of the entire remaining amount of the assigning Lender’s Commitment under any Facility and the Loans at the time owing to it under such Facility or in the case of an
assignment to a Lender, an Affiliate of a Lender or an Approved Fund, no minimum amount need be assigned; and 

(B) in any case not described in subsection (b)(i)(A) of this Section, the aggregate amount of the Commitment (which for
this purpose includes Loans outstanding thereunder) or, if the Commitment is not then in effect, the principal outstanding balance of the Loans of the assigning Lender subject to each such assignment, determined as of the date the Assignment and
Assumption with respect to such assignment is delivered to the Administrative Agent or, if “Trade Date” is specified in the Assignment and Assumption, as of the Trade Date, shall not be less than $1,000,000, unless each of the
Administrative Agent and, so long as no Event of Default has occurred and is continuing, the Borrower otherwise consents (each such consent not to be unreasonably withheld or delayed); provided, however, that concurrent assignments to members
of an Assignee Group and concurrent assignments from members of an Assignee Group to a single Eligible Assignee (or to an Eligible Assignee and members of its Assignee Group) will be treated as a single assignment for purposes of determining whether
such minimum amount has been met; 
 (ii) Proportionate Amounts. Each partial assignment shall be made as
an assignment of a proportionate part of all the assigning Lender’s rights and obligations under this Agreement with respect to the Loans or the Commitment assigned; 

(iii) Required Consents. No consent shall be required for any assignment except to the extent required by
subsection (b)(i)(B) of this Section and, in addition: 
 (A) except in the case of an assignment in connection
with the initial syndication of the commitments held by Bank of America, N.A. and Wells Fargo Bank, N.A., the consent of the Borrower (such consent not to be unreasonably withheld or delayed) shall be required unless (1) an Event of Default has
occurred and is continuing at the time of such assignment or (2) such assignment is to a Lender, an Affiliate of a Lender or an Approved Fund; provided that the Borrower shall be deemed to have consented to any such assignment unless it
shall object thereto by written notice to the Administrative Agent within five (5) Business Days after having received notice thereof; and 
 (B) the consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed) shall be required for assignments in respect of any Loan to a Person that is not a Lender, an
Affiliate of a Lender or an Approved Fund. 
 (iv) Assignment and Assumption. The parties to each
assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee in the amount of $3,500; provided, however, that the Administrative Agent may, in its sole
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recordation fee in the case of any assignment. The assignee, if it is not a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire. 

(v) No Assignment to Certain Persons. No such assignment shall be made (A) to the Borrower or any of the
Borrower’s Affiliates or Subsidiaries, or (B) to any Defaulting Lender or any of its Subsidiaries, or any Person who, upon becoming a Lender hereunder, would constitute any of the foregoing Persons described in this clause (B), or
(C) to a natural person. 
 (vi) Certain Additional Payments. In connection with any assignment of
rights and obligations of any Defaulting Lender hereunder, no such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall make such additional payments to the
Administrative Agent in an aggregate amount sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations, or other compensating actions, including funding, with
the consent of the Borrower and the Administrative Agent, the applicable pro rata share of Loans previously requested but not funded by the Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably consent), to
(x) pay and satisfy in full all payment liabilities then owed by such Defaulting Lender to the Administrative Agent or any Lender hereunder (and interest accrued thereon) and (y) acquire (and fund as appropriate) its full pro rata share of
all Loans in accordance with its Applicable Percentage. Notwithstanding the foregoing, in the event that any assignment of rights and obligations of any Defaulting Lender hereunder shall become effective under applicable Law without compliance with
the provisions of this paragraph, then the assignee of such interest shall be deemed to be a Defaulting Lender for all purposes of this Agreement until such compliance occurs. 
 Subject to acceptance and recording thereof by the Administrative Agent pursuant to subsection (c) of this Section, from and after the effective date specified in each Assignment and Assumption, the
assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the
extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this
Agreement, such Lender shall cease to be a party hereto) but shall continue to be entitled to the benefits of Sections 3.01, 3.04, 3.05 and 10.04 with respect to facts and circumstances occurring prior to the effective
date of such assignment. Upon request, the Borrower (at its expense) shall execute and deliver a Note to the assignee Lender. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this
subsection shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with Section 10.06(d). 

(c) Register. The Administrative Agent, acting solely for this purpose as an agent of the Borrower (and such agency being solely
for tax purposes), shall maintain at the Administrative Agent’s Office a copy of each Assignment and Assumption delivered to it and a 

  
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register for the recordation of the names and addresses of the Lenders, and the Commitments of, and principal amounts of the Loans owing to, each Lender pursuant to the terms hereof from time to
time (the “Register”). The entries in the Register shall be conclusive, and the Borrower, the Administrative Agent and the Lenders may treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender
hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. In addition, the Administrative Agent shall maintain on the Register information regarding the designation, and revocation of designation, of any Lender as a
Defaulting Lender. The Register shall be available for inspection by the Borrower and any Lender, at any reasonable time and from time to time upon reasonable prior notice. 
 (d) Participations. Any Lender may at any time, without the consent of, or notice to, the Borrower or the Administrative Agent, sell participations to any Person (other than a natural person or the
Borrower or any of the Borrower’s Affiliates or Subsidiaries) (each, a “Participant”) in all or a portion of such Lender’s rights and/or obligations under this Agreement (including all or a portion of its Commitment and/or
the Loans; provided that (i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and
(iii) the Borrower, the Administrative Agent and the Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. Any agreement or instrument pursuant to
which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that such
agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, waiver or other modification described in the first proviso to Section 10.01 that affects such Participant.
Subject to subsection (e) of this Section, the Borrower agrees that each Participant shall be entitled to the benefits of Sections 3.01, 3.04 and 3.05 to the same extent as if it were a Lender and had acquired
its interest by assignment pursuant to Section 10.06(b). To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 10.08 as though it were a Lender, provided such Participant
agrees to be subject to Section 2.11 as though it were a Lender. 
 (e) Limitations upon Participant Rights.
A Participant shall not be entitled to receive any greater payment under Section 3.01 or 3.04 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the
sale of the participation to such Participant is made with the Borrower’s prior written consent. A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 3.01 unless the
Borrower is notified of the participation sold to such Participant and such Participant agrees, for the benefit of the Borrower, to comply with Section 3.01(e) as though it were a Lender. 

(f) Certain Pledges. Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under
this Agreement (including under its Note, if any) to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank; provided that no such pledge or assignment shall release such Lender
from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. 

  
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 10.07 Treatment of Certain Information; Confidentiality. Each of the Administrative
Agent and the Lenders agrees to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its Affiliates and to its and its Affiliates’ respective partners, directors, officers,
employees, agents, trustees, advisors and representatives (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential),
(b) to the extent requested by any regulatory authority purporting to have jurisdiction over it (including any self-regulatory authority, such as the National Association of Insurance Commissioners), (c) to the extent required by
applicable laws or regulations or by any subpoena or similar legal process, (d) to any other party hereto, (e) in connection with the exercise of any remedies hereunder or under any other Loan Document or any action or proceeding relating
to this Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder, (f) subject to an agreement containing provisions substantially the same as those of this Section, to (i) any assignee of or Participant in,
or any prospective assignee of or Participant in, any of its rights or obligations under this Agreement or (ii) any actual or prospective counterparty (or its advisors) to any swap or derivative transaction relating to the Borrower and its
obligations, (g) with the consent of the Borrower or (h) to the extent such Information (i) becomes publicly available other than as a result of a breach of this Section or (ii) becomes available to the Administrative Agent, any
Lender or any of their respective Affiliates on a nonconfidential basis from a source other than the Borrower. 
 For purposes
of this Section, “Information” means all information received from any Loan Party or any Subsidiary thereof relating to any Loan Party or any Subsidiary thereof or their respective businesses, other than any such information that is
available to the Administrative Agent or any Lender on a nonconfidential basis prior to disclosure by any Loan Party or any Subsidiary thereof, provided that, in the case of information received from a Loan Party or any such Subsidiary after
the date hereof, such information is clearly identified at the time of delivery as confidential. Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation
to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information. 

Each of the Administrative Agent and the Lenders acknowledges that (a) the Information may include material non-public information
concerning the Borrower or a Subsidiary, as the case may be, (b) it has developed compliance procedures regarding the use of material non-public information and (c) it will handle such material non-public information in accordance with
applicable Law, including United States Federal and state securities Laws. 
 10.08 Right of Setoff. If an Event of
Default shall have occurred and be continuing, each Lender and each of its Affiliates is hereby authorized at any time and from time to time, after obtaining the prior written consent of the Administrative Agent, to the fullest extent permitted by
applicable law, to set off and apply any and all deposits (general or special, time or demand, provisional or final, in whatever currency) at any time held and other obligations (in whatever currency) at any time owing by such Lender or any such
Affiliate to or for the credit or the account of the Borrower against any and all of the obligations of the Borrower now or hereafter existing under this Agreement or any other Loan Document to such Lender, irrespective of whether or not such Lender
shall have made any demand under this Agreement or 

  
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any other Loan Document and although such obligations of the Borrower may be contingent or unmatured or are owed to a branch or office of such Lender different from the branch or office holding
such deposit or obligated on such indebtedness. The rights of each Lender and its Affiliates under this Section are in addition to other rights and remedies (including other rights of setoff) that such Lender and its Affiliates may have. Each Lender
agrees to notify the Borrower and the Administrative Agent promptly after any such setoff and application, provided that the failure to give such notice shall not affect the validity of such setoff and application. 

10.09 Interest Rate Limitation. Notwithstanding anything to the contrary contained in any Loan Document, the interest paid or
agreed to be paid under the Loan Documents shall not exceed the maximum rate of non-usurious interest permitted by applicable Law (the “Maximum Rate”). If the Administrative Agent or any Lender shall receive interest in an amount
that exceeds the Maximum Rate, the excess interest shall be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to the Borrower. In determining whether the interest contracted for, charged, or received by the
Administrative Agent or a Lender exceeds the Maximum Rate, such Person may, to the extent permitted by applicable Law, (a) characterize any payment that is not principal as an expense, fee, or premium rather than interest, (b) exclude
voluntary prepayments and the effects thereof, and (c) amortize, prorate, allocate, and spread in equal or unequal parts the total amount of interest throughout the contemplated term of the Obligations hereunder. 

10.10 Counterparts; Integration; Effectiveness. This Agreement may be executed in counterparts (and by different parties hereto in
different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement and the other Loan Documents constitute the entire contract among the parties relating to
the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof. Except as provided in Section 4.01, this Agreement shall become effective when it shall
have been executed by the Administrative Agent and when the Administrative Agent shall have received counterparts hereof that, when taken together, bear the signatures of each of the other parties hereto. Delivery of an executed counterpart of a
signature page of this Agreement by telecopy or other electronic imaging means shall be effective as delivery of a manually executed counterpart of this Agreement. 
 10.11 Survival of Representations and Warranties. All representations and warranties made hereunder and in any other Loan Document or other document delivered pursuant hereto or thereto or in
connection herewith or therewith shall survive the execution and delivery hereof and thereof. Such representations and warranties have been or will be relied upon by the Administrative Agent and each Lender, regardless of any investigation made by
the Administrative Agent or any Lender or on their behalf and notwithstanding that the Administrative Agent or any Lender may have had notice or knowledge of any Default at the time of any Credit Extension, and shall continue in full force and
effect as long as any Loan or any other Obligation hereunder shall remain unpaid or unsatisfied. 
 10.12 Severability.
If any provision of this Agreement or the other Loan Documents is held to be illegal, invalid or unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this Agreement and the other Loan Documents shall not
be affected or 

  
 103

 
impaired thereby and (b) the parties shall endeavor in good faith negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of which
comes as close as possible to that of the illegal, invalid or unenforceable provisions. The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. Without
limiting the foregoing provisions of this Section 10.12, if and to the extent that the enforceability of any provisions in this Agreement relating to Defaulting Lenders shall be limited by Debtor Relief Laws, as determined in good faith
by the Administrative Agent, then such provisions shall be deemed to be in effect only to the extent not so limited. 
 10.13
Governing Law; Jurisdiction; Etc. 
 (a) GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 
 (b) SUBMISSION TO JURISDICTION. EACH PARTY HERETO IRREVOCABLY AND
UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE EXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE
COURT FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY AGREES
THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL
JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS AGREEMENT OR IN ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT
THAT THE ADMINISTRATIVE AGENT, ANY LENDER MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT, INCLUDING WITH RESPECT TO COLLATERAL, AGAINST THE BORROWER OR ITS PROPERTIES IN THE COURTS OF ANY
JURISDICTION. 
 (c) WAIVER OF VENUE. EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT
PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT IN ANY COURT REFERRED TO IN PARAGRAPH (B) OF
THIS SECTION. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT. 

  
 104

 (d) SERVICE OF PROCESS. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS
IN THE MANNER PROVIDED FOR NOTICES IN SECTION 10.02. NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW 

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

10.15 No Advisory or Fiduciary Responsibility. In connection with all aspects of each transaction contemplated hereby (including
in connection with any amendment, waiver or other modification hereof or of any other Loan Document), the Borrower acknowledges and agrees, and acknowledges its Affiliates’ understanding, that: (i) (A) the arranging and other services
regarding this Agreement provided by the Administrative Agent and the Lead Arrangers are arm’s-length commercial transactions between the Borrower and its Affiliates, on the one hand, and the Administrative Agent and the Lead Arrangers, on the
other hand, (B) the Borrower has consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate, and (C) the Borrower is capable of evaluating, and understands and accepts, the terms, risks and
conditions of the transactions contemplated hereby and by the other Loan Documents; (ii) (A) the Administrative Agent and the Lead Arrangers are and have been acting solely as a principal and, except as expressly agreed in writing by the
relevant parties, has not been, is not, and will not be acting as an advisor, agent or fiduciary for the Borrower or any of its Affiliates, or any other Person and (B) neither the Administrative Agent nor the Lead Arrangers have any obligation
to the Borrower or any of its Affiliates with respect to the transactions contemplated hereby except those obligations expressly set forth herein and in the other Loan Documents; and (iii) the Administrative Agent and the Lead Arrangers and
their respective Affiliates may be engaged in a broad range of transactions that involve interests that differ from those of the Borrower and its Affiliates, and neither the Administrative Agent nor the Lead Arrangers have any obligation to disclose
any of such interests to the Borrower or its Affiliates. To the fullest extent permitted by law, the Borrower hereby waives and releases any claims that it may have against the Administrative Agent and the Lead Arrangers with respect to any breach
or alleged breach of agency or fiduciary duty in connection with any aspect of any transaction contemplated hereby. 

  
 105

 10.16 Electronic Execution of Assignments and Certain Other Documents. The words
“execution,” “signed,” “signature,” and words of like import in any Assignment and Assumption or in any amendment or other modification hereof (including waivers and consents) shall be deemed to include electronic
signatures or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent
and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic
Transactions Act. 
 10.17 USA PATRIOT Act. Each Lender that is subject to the Act (as hereinafter defined) and the
Administrative Agent (for itself and not on behalf of any Lender) hereby notifies the Borrower that pursuant to the requirements of the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Patriot
Act”), it is required to obtain, verify and record information that identifies each Loan Party, which information includes the name and address of each Loan Party and other information that will allow such Lender or the Administrative
Agent, as applicable, to identify each Loan Party in accordance with the Patriot Act. The Borrower shall, promptly following a request by the Administrative Agent or any Lender, provide all documentation and other information that the Administrative
Agent or such Lender requests in order to comply with its ongoing obligations under applicable “know your customer” an anti-money laundering rules and regulations, including the Patriot Act. 

10.18 Judgment Currency. If, for the purposes of obtaining judgment in any court, it is necessary to convert a sum due hereunder
or any other Loan Document in one currency into another currency, the rate of exchange used shall be that at which in accordance with normal banking procedures the Administrative Agent could purchase the first currency with such other currency on
the Business Day preceding that on which final judgment is given. The obligation of the Borrower in respect of any such sum due from it to the Administrative Agent or any Lender hereunder or under the other Loan Documents shall, notwithstanding any
judgment in a currency (the “Judgment Currency”) other than that in which such sum is denominated in accordance with the applicable provisions of this Agreement (the “Agreement Currency”), be discharged only to the
extent that on the business day following receipt by the Administrative Agent or such Lender, as the case may be, of any sum adjudged to be so due in the Judgment Currency, the Administrative Agent or such Lender, as the case may be, may in
accordance with normal banking procedures purchase the Agreement Currency with the Judgment Currency. If the amount of the Agreement Currency so purchased is less than the sum originally due to the Administrative Agent or any Lender from the
Borrower in the Agreement Currency, the Borrower agrees, as a separate obligation and notwithstanding any such judgment, to indemnify the Administrative Agent or such Lender, as the case may be, against such loss. If the amount of the Agreement
Currency so purchased is greater than the sum originally due to the Administrative Agent or any Lender in such currency, the Administrative Agent or such Lender, as the case may be, agrees to return the amount of any excess to the Borrower (or to
any other Person who may be entitled thereto under applicable law). 
 10.19 Intercreditor Agreement, the 2015 Note
Intercreditor Agreement and the Acknowledgment. 

  
 106

 (a) Each Lender grants the Administrative Agent the power to enter into the Intercreditor
Agreement and to bind such Lender to the provisions thereof. Notwithstanding anything herein to the contrary, the Lien and security interest granted pursuant to this Agreement and the exercise of any right or remedy hereunder are subject to the
provisions of the Intercreditor Agreement. In the event of any conflict between the terms of the Intercreditor Agreement and this Agreement, the terms of the Intercreditor Agreement shall govern and control except as expressly set forth in the
Intercreditor Agreement. Without limiting the generality of the foregoing, and notwithstanding anything herein to the contrary, all rights and remedies of the Administrative Agent (and the other Secured Parties) with respect to the “Revolving
Loan Priority Collateral” (as defined in the Intercreditor Agreement) shall be subject to the terms of the Intercreditor Agreement, and until the “Discharge of Revolving Loan Debt” (as defined in the Intercreditor Agreement), any
obligation of any Loan Party thereunder or under any other Loan Document with respect to the delivery or control of any Revolving Loan Priority Collateral, the novation of any lien on any certificate of title, bill of lading or other document, the
giving of any notice to any bailee or other Person, the provision of voting rights or the obtaining of any consent of any Person, in each case in connection with any Revolving Loan Priority Collateral, shall be deemed to be satisfied if such Loan
Party, as applicable, complies with the requirements of the similar provision of the applicable “Revolving Loan Documents” (as defined in the Intercreditor Agreement). Until the Discharge of Revolving Loan Debt, the delivery of any
Revolving Loan Priority Collateral to the “Revolving Loan Agent” (as defined in the Intercreditor Agreement) pursuant to the Revolving Loan Documents shall satisfy any delivery requirement hereunder or under any other Loan Document.

 (b) Each Lender grants the Administrative Agent the power to enter into the 2015 Note Intercreditor Agreement and to bind
such Lender to the provisions thereof. Notwithstanding anything herein to the contrary, the Lien and security interest granted pursuant to this Agreement and the exercise of any right or remedy hereunder are subject to the provisions of the 2015
Note Intercreditor Agreement. 
 (c) Each Lender grants the Administrative Agent the power to enter into the Acknowledgment and
to bind such Lender to the provisions thereof. 

  
 107

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed
as of the date first above written. 
  

			
	POLYONE CORPORATION
		
	By:	 	/s/ Daniel O’Bryon
		 	Name: Daniel O’Bryon
		 	Title: Treasurer

  
 [Signature
Page – Credit Agreement] 

 
			
	BANK OF AMERICA, N.A.,
as Administrative Agent
		
	By:	 	/s/ DeWayne D. Rosse
		 	Name: DeWayne D. Rosse
		 	Title: Agency Management Officer

  

  
 [Signature
Page – Credit Agreement] 

 
			
	BANK OF AMERICA, N.A., as a Lender
		
	By:	 	/s/ William M. Bulger, Jr.
		 	Name: William M. Bulger, Jr.
		 	Title: Vice President

  
 [Signature
Page – Credit Agreement] 

 EXHIBIT A 

FORM OF COMMITTED LOAN NOTICE 
 Date:                      

 

	To:	Bank of America, N.A., as Administrative Agent 

Ladies and Gentlemen: 

Reference is made to that certain Credit Agreement dated as of November [•], 2011 (as amended, restated, extended,
supplemented or otherwise modified in writing from time to time, the “Credit Agreement;” the terms defined in the Credit Agreement being used herein as therein defined), among PolyOne Corporation, an Ohio corporation, (the
“Borrower”), the Lenders from time to time party thereto, and Bank of America, N.A., as Administrative Agent. 
 The
undersigned hereby requests (select one): 
          A Borrowing
of Loans          A conversion or continuation of Loans 
  

	 	1.	On
                                        
(must be a Business Day). 

  

	 	2.	In the amount of $                    .

  

	 	3.	Comprised of
                            . 

[Type of Loan requested] 
  

	 	4.	For Eurodollar Rate Loans: with an Interest Period of          months. 

 

			
	BORROWER:
	
	 POLYONE CORPORATION,
 an Ohio corporation

		
	By:	 	 
		 	 Name:

Title:

  
 Exhibit A
– Page 1 
 Form of Committed Loan Notice 

 EXHIBIT B 

FORM OF TERM NOTE 
 FOR
VALUE RECEIVED, POLYONE CORPORATION, an Ohio corporation (“Borrower”), hereby promises to pay to                      or its
registered assigns (the “Lender”), in accordance with the provisions of the Credit Agreement (as hereinafter defined), the principal amount of the Loans made by the Lender to the Borrower under that certain Credit Agreement dated as
of November [•], 2011 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Credit Agreement”; the terms defined therein being used herein as therein defined), among the
Borrower, the Lenders from time to time party thereto, and Bank of America, N.A., as Administrative Agent for the Lenders. 
 The Borrower
promises to pay interest on the unpaid principal amount of the Loan from the date of such Loan until such principal amount is paid in full, at such interest rates and at such times as provided in the Credit Agreement. All payments of principal and
interest shall be made to the Administrative Agent for the account of the Lender in Dollars in immediately available funds to the Administrative Agent’s Office in accordance with the terms of the Credit Agreement. If any amount is not paid in
full when due hereunder, such unpaid amount shall bear interest, to be paid upon demand, from the due date thereof until the date of actual payment (and before as well as after judgment) computed at the per annum rate set forth in the Credit
Agreement. 
 This Note is one of the Notes referred to in the Credit Agreement, is entitled to the benefits thereof and may be prepaid in whole
or in part subject to the terms and conditions provided therein. This Note is also entitled to the benefits of the Guaranty and is secured by the Collateral. Upon the occurrence and continuation of one or more of the Events of Default specified in
the Credit Agreement, all amounts then remaining unpaid on this Note shall become, or may be declared to be, immediately due and payable, all as provided in the Credit Agreement. The Loan made by the Lender may be evidenced by a loan account or
records maintained by the Lender in the ordinary course of business. The Lender may also attach schedules to this Note and endorse thereon the date, amount and maturity of the Loan and payments with respect thereto. 

The Borrower, for itself, its successors and assigns, hereby waives diligence, presentment, protest and demand and notice of intent to accelerate, notice
of acceleration, notice of protest, demand, dishonor and non-payment of this Note. 
 THIS NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE
WITH THE LAWS OF THE STATE OF NEW YORK. 
 - Signature Page to Follow - 

  
 Exhibit B
– Page 1 
 Form of Term Note 

 
			
	BORROWER:
	
	 POLYONE CORPORATION,
 an Ohio corporation

		
	By:	 	 
		 	Name:
		 	Title:

  

  
 Exhibit B
– Page 2 
 Form of Term Note 

 EXHIBIT C 

FORM OF COMPLIANCE CERTIFICATE 
 (Pursuant to Section 6.02(a) of the Credit Agreement) 
 Financial Statement Date:
                    ,          

 

	To:	Bank of America, N.A., as Administrative Agent 

Ladies and Gentlemen: 

Reference is made to that certain Credit Agreement dated as of November [•], 2011 (as amended, restated, extended,
supplemented or otherwise modified in writing from time to time, the “Credit Agreement”; the terms defined therein being used herein as therein defined), among PolyOne Corporation, an Ohio corporation (the
“Borrower”), the various financial institutions that are, or may from time to time become, parties thereto (each individually a “Lender,” and collectively, the “Lenders”), and Bank of America, N.A.,
as Administrative Agent for the Lenders (the “Administrative Agent”). 
 The undersigned Responsible Officer
hereby certifies as of the date hereof that he is a Responsible Officer of the Borrower, and that, as such, he is authorized to execute and deliver this Certificate to the Administrative Agent on the behalf of the Borrower, and that: 

[Use following paragraph 1 for fiscal year-end financial statements] 

1. Attached hereto as Exhibit A is a consolidated balance sheet of the Borrower and its Subsidiaries for the fiscal year ended
[__], 201[__], and the related consolidated statements of income or operations, changes in shareholders’ equity, and cash flows for such fiscal year, setting forth in each case in comparative form the figures for the previous fiscal
year,1 all in reasonable detail and prepared in accordance
with GAAP, audited and accompanied by a report and opinion of [•]2, which report and opinion have been prepared in accordance with generally accepted auditing standards and shall not be subject to any “going concern” or like qualification or exception or any
qualification or exception as to the scope of such audit. 
 [Use following paragraph 1 for fiscal
quarter-end financial statements] 
 1. Attached hereto as Exhibit A is a consolidated balance
sheet of the Borrower and its Subsidiaries as at the end of the fiscal quarter ended [            ] and the related consolidated statements of income or operations, changes in
shareholders’ equity, and cash flows for such 
  

	1 	Excluding comparisons to the Acquired Business financial statements for any fiscal year ending prior to 2012. 

	2 	To be an independent certified public accountant of nationally recognized standing reasonably acceptable to the Required Lenders. 

  
 Exhibit C
– Page 1 
 Form of Compliance Certificate 

 
fiscal quarter and for the portion of the Borrower’s fiscal year then ended, setting forth in each case in comparative form the figures for the corresponding fiscal quarter of the previous
fiscal year and the corresponding portion of the previous fiscal year,3 all in reasonable detail. Such financial statements fairly present the financial condition, results of operations, shareholders’ equity and cash flows of the Borrower and its Subsidiaries in
accordance with GAAP as at such date and for such period, subject only to normal year-end audit adjustments and the absence of footnotes. 
 2. The undersigned has reviewed and is familiar with the terms of the Credit Agreement and has made, or has caused to be made under his/her supervision, a detailed review of the transactions and condition
(financial or otherwise) of the Borrower during the accounting period covered by such financial statements. 
 [select one:]

 3. [To the best knowledge of the undersigned, as of the date hereof, no Default has occurred and is continuing.] 

—or— 
 3. [To the best knowledge of the undersigned, the following is a list of each Default that has occurred and is continuing as of the date hereof, and its nature and status:] 

4. To the best knowledge of the undersigned, the Borrower and each of its Subsidiaries are in compliance with their notice and reporting
obligations the Security Agreement to which they are parties [add if applicable: except as follows:                     ]. 

5. Attached hereto as Exhibit B are the forecasts required to be delivered pursuant to Section 6.01(c) of the Credit
Agreement.4 

6. [Attached hereto as Schedule 1 is a calculation of the Consolidated Leverage Ratio as of the end of the most recent
Measurement Period, which calculation is true and accurate on and as of the date of this Certificate.] 
 7. Attached hereto as
Schedule 1 is a calculation of the Capital Expenditures as of the end of the most recent Fiscal Year, which calculation is true and accurate on and as of the date of this Certificate. 

 

	3 	Excluding comparisons to the Acquired Business financial statements for any fiscal year ending prior to 2012. 

	4 	This is an annual requirement. 

  
 Exhibit C
– Page 2 
 Form of Compliance Certificate 

 8. Attached hereto as Schedule 1 is a calculation of the Consolidated Interest
Coverage Ratio as of the end of the most recent Measurement Period, which calculation is true and accurate on and as of the date of this Certificate. 
 9. [Attached hereto as Schedule 2 are changes to Schedules 5.08(b) and 5.08(c).] 
 [Signature Page to Follow] 

  
 Exhibit C
– Page 3 
 Form of Compliance Certificate 

 IN WITNESS WHEREOF, the undersigned has executed this Certificate as of
                    ,         . 

 

			
	 POLYONE CORPORATION,
 an Ohio corporation

		
	By:	 	 
		 	 Name:

Title:

 Schedule 1 to Compliance Certificate 

For the Quarter/Year ended             ,
             (“Statement Date”) 
 ($ in
000’s) 
  

											
	 I.
	  	Section 7.11 (a) – Consolidated Interest Coverage Ratio.	  
				
		  	A.	  	Consolidated EBITDA for Measurement Period ending on above date (“Subject Period”):	  	$	______	  
					
		  		  	1.	  	Consolidated Net Income for Subject Period:	  	$	______	  
					
		  		  	2.	  	Consolidated Interest Charges for Subject Period:	  	$	______	  
					
		  		  	3.	  	Provision for income taxes payable for Subject Period:	  	$	______	  
					
		  		  	4.	  	Depreciation and amortization expenses for Subject Period:	  	$	______	  
					
		  		  	5.	  	Non-recurring reductions of Consolidated Net Income for Subject Period (of which cash items do not exceed 3% of Consolidated EBITDA for Subject Period and calculated without
taking into account any of the addbacks set forth in this clause 5)5:	  	$	______	  
					
		  		  	6.	  	Non-cash compensation expense in respect of stock option plans, restricted stock and other employee equity compensation plans for Subject Period:	  			
					
		  		  	7.	  	Non-cash goodwill or other intangible asset impairment charges and write-offs of goodwill and other intangible assets, in each case, pursuant to ASC 350 or any similar rule
announced by the Financial Accounting Standards Board for Subject Period:	  			
					
		  		  	8.	  	Fees and expenses incurred prior to or within 90 days after the Closing Date in connection with the Transaction for Subject Period:6	  			
					
		  		  	9	  	Fees and expenses incurred in connection with amendments and waivers of the Credit Agreement and the other Loan Documents for Subject Period, including any legal fees in
connection therewith:	  			

  

	5 	Requires certification by a Responsible Officer. 

	6 	Must be incurred on or prior to 90 days after the Closing Date. 

									
					
		 		 	10	  	Non-cash restructuring charges for Subject Period:	  	
					
		 		 	11	  	Non-cash effects of changes in accounting principles for Subject Period:	  	
					
		 		 	12	  	Losses from asset sales not in the ordinary course of business for Subject Period:	  	
					
		 		 	13	  	Non-cash losses on the early extinguishment of Indebtedness for Subject Period:	  	
					
		 		 	14	  	Non-cash purchase accounting charges required by ASC 805 or any similar rule announced by the Financial Accounting Standards Board for Subject Period:	  	
					
		 		 	15	  	Non-cash unrealized losses and charges with respect to Swap Contracts for Subject Period, including such losses and charges that arise from foreign currency losses:	  	
					
		 		 	16	  	Other non-cash items to the extent such non-cash items are not accruals for future payments for Subject Period:	  	
					
		 		 	17	  	Foreign currency translation losses for Subject Period:	  	
					
		 		 	18	  	Non-recurring cash costs and expenses relating to the assimilation and integration of the Acquired Business for Subject Period:7	  	
					
		 		 	19	  	Environmental remediation costs and expenses related to the Remediation Properties for Subject Period: 8	  	
					
		 		 	20	  	Income taxes credits for Subject Period:	  	
					
		 		 	21	  	Interest income for Subject Period:	  	
					
		 		 	22	  	Any gains from asset sales not in the ordinary course of business for Subject Period:	  	

  

	7 	Must be incurred on or prior to February 28, 2013 and not to exceed an aggregate amount of $5,000,000. 

	8 	Not to exceed $7,000,000 per fiscal year; provided that any portion of such amount that is not used in a particular fiscal year may be carried over to succeeding
fiscal years. 

											
					
		  		  	23	  	Non-cash effects of changes in accounting principles for Subject Period:	  			
					
		  		  	24	  	Non-cash gains on the early extinguishment of Indebtedness for Subject Period:	  			
					
		  		  	25	  	Non-cash unrealized gains with respect to Swap Contracts for Subject Period:	  			
					
		  		  	26	  	Other non-cash income or gains for Subject Period:	  			
					
		  		  	27	  	Foreign currency translation gains (in each case of or by the Borrower and its Restricted Subsidiaries) for Subject Period:	  			
					
		  		  	28	  	Consolidated EBITDA (Lines I.A.1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 +10 +11 + 12 +13 + 14 +15 + 16 + 17 + 18 + 19 - 20 - 21 – 22 – 23 – 24 – 25 – 26 –
27):	  	$	______	  
				
		  	B.	  	Consolidated Interest Charges for Subject Period:	  	$	______	  
				
		  	C.	  	Consolidated Interest Coverage Ratio (Line I.A.28 ÷ Line I.B):	  	 	____ to 1	  
				
		  		  	Minimum required:	  			

  

			
	 Four Fiscal Quarters Ending
	  	 Minimum Consolidated Interest
Coverage
Ratio

	 Closing Date through December 31, 2012
	  	4.00:1.00
	 March 31, 2013 through December 31, 2013
	  	4.25:1.00
	 March 31, 2014 and each fiscal quarter thereafter
	  	4.50:1.00

  

											
	 II.
	  	Section 7.11 (b) – Consolidated Leverage Ratio.	  
				
		  	A.	  	Consolidated Funded Indebtedness at Statement Date	  	$	______	  
				
		  	B.	  	Consolidated EBITDA for Subject Period (Line I.A.28 above):	  	$	______	  
				
		  	C.	  	Consolidated Leverage Ratio (Line II.A ÷ Line II.B):	  	 	____ to 1	  
				
		  		  	Maximum permitted:	  			

					
	 Four Fiscal Quarters Ending
	  	 Maximum Consolidated
Leverage Ratio

	 Closing Date through December 31, 2012
	  	3.50:1.00
	 March 31, 2013 through December 31, 2013
	  	3.25:1.00
	 March 31, 2014 through December 31, 2014
	  	3.00:1.00
	 March 31, 2015 through December 31, 2015
	  	2.75:1.00
	 March 31, 2016 and each fiscal quarter thereafter
	  	2.50:1.00

  

											
	 III.
	  	 	Section 7.12 — Capital Expenditures.	  
				
		  	 	A.	  	  	Capital Expenditures made during fiscal year to date:	  	$	______	  
				
		  	 	B.	  	  	Capital Expenditures that could have made during prior fiscal year but which were not made (> $________):	  	$	______	  
				
		  	 	C.	  	  	 Maximum permitted Capital Expenditures
 ($________ + Line III.B):
	  	$	______	  
				
		  	 	D.	  	  	 Excess (deficient) for covenant compliance
 (Line III.C – III.A):9
	  	$	______	  

  

	9 	Amount in III.B. may not be carried forward to the next subsequent fiscal year. 

 EXHIBIT D-1 

FORM OF 

ASSIGNMENT AND ASSUMPTION 
 [separately attached] 
 Form of Assignment and Assumption 

 EXHIBIT D-1 

FORM OF 

ASSIGNMENT AND ASSUMPTION 
 This Assignment and Assumption (the “Assignment and Assumption”) is dated as of the Effective Date set forth below and is entered into by and between [the][each] Assignor identified in
item 1 below ([the][each, an] “Assignor”) and [the][each] Assignee identified in item 2 below ([the][each, an] “Assignee”). [It is understood and agreed that the rights and obligations of [the Assignors][the
Assignees] hereunder are several and not joint.] Capitalized terms used but not defined herein shall have the meanings given to them in the Credit Agreement identified below (as amended, the “Credit Agreement”), receipt of a copy of
which is hereby acknowledged by [the][each] Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth
herein in full. 
 For an agreed consideration, [the][each] Assignor hereby irrevocably sells and assigns to [the Assignee][the
respective Assignees], and [the][each] Assignee hereby irrevocably purchases and assumes from [the Assignor][the respective Assignors], subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective
Date inserted by the Administrative Agent as contemplated below (i) all of [the Assignor’s][the respective Assignors’] rights and obligations in [its capacity as a Lender][their respective capacities as Lenders] under the Credit
Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified below of all of such outstanding rights and obligations of [the Assignor][the respective Assignors]
under the Loan, and (ii) to the extent permitted to be assigned under applicable law, all claims, suits, causes of action and any other right of [the Assignor (in its capacity as a Lender)][the respective Assignors (in their respective
capacities as Lenders)] against any Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way
based on or related to any of the foregoing, including, but not limited to, contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant
to clause (i) above (the rights and obligations sold and assigned by [the][any] Assignor to [the][any] Assignee pursuant to clauses (i) and (ii) above being referred to herein collectively as [the][an] “Assigned
Interest”). Each such sale and assignment is without recourse to [the][any] Assignor and, except as expressly provided in this Assignment and Assumption, without representation or warranty by [the][any] Assignor. 

 

	1.	Assignor[s]:
                                         
            

                         
     _______________________ 
 [Assignor [is] [is not] a Defaulting Lender] 

 

	2.	Assignee[s]: _________________________ 

                         
     _______________________ 
 [for each Assignee, indicate [Affiliate][Approved Fund] of [identify Lender]

					
	3.	  	Borrower:	  	PolyOne Corporation
			
	4.	  	Administrative Agent:	  	Bank of America, N.A., as the administrative agent under the Credit Agreement
			
	5.	  	Credit Agreement:	  	Credit Agreement dated as of November [•], 2011 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Agreement;” the
terms defined therein being used herein as therein defined), among PolyOne Corporation (the “Borrower”), the Lenders from time to time party thereto, and Bank of America, N.A., as Administrative Agent.

  

	6.	Assigned Interest[s]: 

  

																	
	 Assignor[s]10
	  	Assignee[s]11	  	Aggregate
Amount
of
Commitment/Loans
for all
Lenders12	 	  	Amount of
Commitment/Loans
Assigned	 	  	Percentage Assigned of
Commitment/
Loans13	 	  	CUSIP Number
		  		  	$	 	  	  	$	 	  	  	 	%	  	  	
		  		  	$	 	  	  	$	 	  	  	 	%	  	  	
		  		  	$	 	  	  	$	 	  	  	 	%	  	  	

  

	[7.	 Trade Date:                     ]14 

[Page break] 
  

 

	10 	 List each Assignor, as appropriate 

	11 	 List each Assignee, as appropriate. 

	12 	 Amount to be adjusted by the counterparties to take into account any payments or prepayments made between the Trade Date and the Effective Date.

	13 	 Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans of all Lenders thereunder. 

	14 	 To be completed if the Assignor(s) and the Assignee(s) intend that the minimum assignment amount is to be determined as of the Trade Date.

 Effective Date:
                                 ,
20         [TO BE INSERTED BY ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.] 
 The terms set forth in this Assignment and Assumption are hereby agreed to: 
  

					
	ASSIGNOR
	[NAME OF ASSIGNOR]
		
	By:	 	 
		 	Title:	 	
	
	[NAME OF ASSIGNOR]
		
	By:	 	 
		 	Title:	 	
	
	ASSIGNEE[S]
	[NAME OF ASSIGNEE]
		
	By:	 	 
		 	Title:	 	
	
	[NAME OF ASSIGNEE]
		
	By:	 	 
		 	Title:	 	

 [Consented to and]15 Accepted: 

BANK OF AMERICA, N.A., 

    as Administrative Agent 
  

 

	15 	 To be added only if the consent of the Administrative Agent is required by the terms of the Credit Agreement. 

					
	By:	 	 
		 	Title:	 	

 [Consented to:]16 
  

 

					
	POLYONE CORPORATION
		
	By:	 	 
		 	Title:	 	

  
  

	16 	 To be added only if the consent of the Borrower is required by the terms of the Credit Agreement. 

 ANNEX 1 
 STANDARD TERMS AND CONDITIONS FOR 
 ASSIGNMENT AND ASSUMPTION 

1. Representations and Warranties. 
 1.1 Assignor[s]. [The][Each] Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of [the][the relevant] Assigned Interest, (ii) [the][such] Assigned
Interest is free and clear of any lien, encumbrance or other adverse claim, (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions
contemplated hereby and (iv) it is [not] a Defaulting Lender; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit Agreement or any other Loan
Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial condition of the Borrower, any of its Subsidiaries or Affiliates or
any other Person obligated in respect of any Loan Document, or (iv) the performance or observance by the Borrower, any of its Subsidiaries or Affiliates or any other Person of any of their respective obligations under any Loan Document.

 1.2. Assignee[s]. [The][Each] Assignee (a) represents and warrants that (i) it has full power and authority,
and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it meets all the requirements to be an
assignee under Section 10.06(b)(iii), (v) and (vi) of the Credit Agreement (subject to such consents, if any, as may be required under Section 10.06(b)(iii) of the Credit Agreement), (iii) from and after the Effective Date,
it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of [the][the relevant] Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it is sophisticated with respect to
decisions to acquire assets of the type represented by the Assigned Interest and either it, or the Person exercising discretion in making its decision to acquire the Assigned Interest, is experienced in acquiring assets of such type, (v) it has
received a copy of the Credit Agreement, and has received or has been accorded the opportunity to receive copies of the most recent financial statements delivered pursuant to Section 6.01 thereof, as applicable, and such other documents and
information as it deems appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase [the][such] Assigned Interest, (vi) it has, independently and without reliance upon the Administrative
Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Assignment and Assumption and to purchase [the][such] Assigned Interest, and
(vii) if it is a Foreign Lender, attached to the Assignment and Assumption is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by [the][such] Assignee; and
(b) agrees that (i) it will, independently and without reliance on the Administrative Agent, [the][any] Assignor or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make
its own credit decisions in taking or not taking action under the Loan Documents, and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as a
Lender. 

 2. Payments. From and after the Effective Date, the Administrative Agent shall make
all payments in respect of [the][each] Assigned Interest (including payments of principal, interest, fees and other amounts) to [the][the relevant] Assignor for amounts which have accrued to but excluding the Effective Date and to [the][the
relevant] Assignee for amounts which have accrued from and after the Effective Date. 
 3. General Provisions. This
Assignment and Assumption shall be binding upon, and inure to the benefit of, the parties hereto and their respective successors and assigns. This Assignment and Assumption may be executed in any number of counterparts, which together shall
constitute one instrument. Delivery of an executed counterpart of a signature page of this Assignment and Assumption by telecopy shall be effective as delivery of a manually executed counterpart of this Assignment and Assumption. This Assignment and
Assumption shall be governed by, and construed in accordance with, the law of the State of New York. 

 EXHIBIT D-2 

FORM OF 

ADMINISTRATIVE QUESTIONAIRE 
  

											
	I.	  	Borrower Name:	  	PolyOne Corporation	  		  		  	
						
		  		  	$300,000,000 Term Loan B	  		  		  	
				
	II.	  	Legal Name of Lender for Signature Page:	  		  	 
					
		  		  		  		  	 
						
	III.	  	Domestic Address:	  		  		  	IV. Eurodollar Address:	  	
			
	 	  		  	 
			
	 	  		  	 

 V. Contact Information: 
  

							
	 	  	 Credit Contact
	  	 Operations Contact
	  	 Legal Counsel

				
	 Name:
	  	___________________________    	  	___________________________    	  	___________________________    
				
	 Title:
	  	___________________________    	  	___________________________    	  	___________________________    
				
	 Address:
	  	___________________________    	  	___________________________    	  	___________________________    
				
		  	___________________________    	  	___________________________    	  	___________________________    
				
		  	___________________________    	  	___________________________    	  	___________________________    
				
	 Telephone:
	  	___________________________    	  	___________________________    	  	___________________________    
				
	 Facsimile:
	  	___________________________    	  	___________________________    	  	___________________________    
				
	 E:Mail Address
	  	___________________________    	  	___________________________    	  	___________________________    
				
	 	  	 Secondary Credit Contact
	  	 Secondary Operations Contact
	  	 Draft Documentation Contact

				
	 Name:
	  	___________________________    	  	___________________________    	  	___________________________    
				
	 Title:
	  	___________________________    	  	___________________________    	  	___________________________    
				
	 Address:
	  	___________________________    	  	___________________________    	  	___________________________    
				
		  	___________________________    	  	___________________________    	  	___________________________    
				
		  	___________________________    	  	___________________________    	  	___________________________    
				
	 Telephone:
	  	___________________________    	  	___________________________    	  	___________________________    
				
	 Facsimile:
	  	___________________________    	  	___________________________    	  	___________________________    
				
	 E Mail Address
	  	___________________________    	  	___________________________    	  	___________________________    

					
	VI. Lender’s Fed Wire Payment Instructions:
	Pay to:	  	 	  	 
		  	(Name of Lender)	  	
		  	 	  	 
		  	(ABA#)	  	(City/State)
		  	 	  	 
		  	(Account #)	  	(Account Name)
		  	 	  	 
		  	(Attention)	  	

  

					
	VII. Lender’s Standby L/C Fed Wire Payment Instructions (if applicable):
	Pay to:	  	 	  	 
		  	(Name of Lender)	  	
		  	 	  	 
		  	(ABA#)	  	(City/State)
		  	 	  	 
		  	(Account #)	  	(Account Name)
		  	 	  	 
		  	(Attention)	  	

  

			
	VIII. Organizational Structure:	 	
	 Type of Entity:
	 	 
	 Lender’s Tax ID:
	 	
	 	 	 

  

			
	IX. Name of Authorized Officer:	  	
	 Name:
	  	 
		
	 Signature:
	  	 
		
	 Date:
	  	 
		
		  	 

 X. Bank of America Contact Information: 

 

							
	 	  	 Credit Contact
	  	 Operations Contact
	  	 Secondary Operations Contact

				
	 Name:
	  	___________________________    	  	___________________________    	  	___________________________    
				
	 Title:
	  	___________________________    	  	___________________________    	  	___________________________    
				
	 Address:
	  	___________________________    	  	___________________________    	  	___________________________    
				
		  	___________________________    	  	___________________________    	  	___________________________    
				
		  	___________________________    	  	___________________________    	  	___________________________    
				
	 Telephone:
	  	___________________________    	  	___________________________    	  	___________________________    
				
	 Facsimile:
	  	___________________________    	  	___________________________    	  	___________________________    
				
	 E Mail Address
	  	___________________________    	  	___________________________    	  	___________________________    

			
	X. Bank of America Payment Instructions:
		
	 Pay to:
	  	Sent under separate cover

 PLEASE RETURN COMPLETED LENDER’S INFORMATION AND TAX FORM TO: 

 EXHIBIT E 

FORM OF GUARANTY 
 [separately attached] 

  

 
 GUARANTY 

dated as of 

December 21, 2011, 
 among 
 THE GUARANTORS IDENTIFIED HEREIN 

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

 
  

 TABLE OF CONTENTS 

 

							
	ARTICLE I	  
	
	DEFINITIONS	  
	 SECTION 1.01
	  	 CREDIT AGREEMENT
	  	 	1	  
	 SECTION 1.02
	  	 OTHER DEFINED TERMS
	  	 	1	  
	
	ARTICLE II	  
	
	GUARANTY	  
	 SECTION 2.01
	  	 GUARANTY
	  	 	2	  
	 SECTION 2.02
	  	 GUARANTY OF PAYMENT
	  	 	3	  
	 SECTION 2.03
	  	 NO LIMITATIONS
	  	 	4	  
	 SECTION 2.04
	  	 REINSTATEMENT
	  	 	5	  
	 SECTION 2.05
	  	 AGREEMENT TO PAY; SUBROGATION
	  	 	5	  
	 SECTION 2.06
	  	 INFORMATION
	  	 	6	  
	
	ARTICLE III	  
	
	INDEMNITY, SUBROGATION AND SUBORDINATION	  
	 SECTION 3.01
	  	 INDEMNITY AND SUBROGATION
	  	 	6	  
	 SECTION 3.02
	  	 CONTRIBUTION AND SUBROGATION
	  	 	6	  
	 SECTION 3.03
	  	 SUBORDINATION
	  	 	7	  
	
	ARTICLE IV	  
	
	MISCELLANEOUS	  
	 SECTION 4.01
	  	 NOTICES
	  	 	7	  
	 SECTION 4.02
	  	 WAIVERS; AMENDMENT
	  	 	7	  
	 SECTION 4.03
	  	 FEES AND EXPENSES; INDEMNIFICATION; PAYMENT GENERALLY
	  	 	8	  
	 SECTION 4.04
	  	 SUCCESSORS AND ASSIGNS
	  	 	8	  
	 SECTION 4.05
	  	 SURVIVAL OF AGREEMENT
	  	 	9	  
	 SECTION 4.06
	  	 COUNTERPARTS; INTEGRATION; EFFECTIVENESS
	  	 	9	  
	 SECTION 4.07
	  	 SEVERABILITY
	  	 	9	  
	 SECTION 4.08
	  	 RIGHT OF SET-OFF
	  	 	9	  
	 SECTION 4.09
	  	GOVERNING LAW; JURISDICTION; VENUE; WAIVER OF JURY TRIAL; CONSENT TO SERVICE OF PROCESS	  	 	10	  
	 SECTION 4.10
	  	 HEADINGS
	  	 	10	  
	 SECTION 4.11
	  	 GUARANTY ABSOLUTE
	  	 	10	  

  
 i 

							
	 SECTION 4.12
	  	 TERMINATION OR RELEASE
	  	 	10	  
	 SECTION 4.13
	  	 ADDITIONAL GUARANTORS
	  	 	10	  
	 SECTION 4.14
	  	 LIMITATION ON GUARANTEED OBLIGATIONS
	  	 	11	  
	 SECTION 4.15
	  	 CONTINUING GUARANTY
	  	 	11	  
	 SECTION 4.16
	  	 CONSENT TO CERTAIN PROVISIONS
	  	 	11	  

 Exhibits 

Exhibit I     Form of Guaranty Supplement 

  
 -ii-

 This GUARANTY, dated as of December 21, 2011, is executed and delivered by the
Guarantors identified herein in favor of BANK OF AMERICA, N.A., as administrative agent for the Secured Parties (in such capacity, together with its successors and assigns, if any, in such capacity, “Administrative Agent”). 

WHEREAS, PolyOne Corporation (the “Borrower”), the Administrative Agent and the lending institutions listed therein have
entered into that certain Credit Agreement, dated as of December 21, 2011 (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”); 

WHEREAS, the Guarantors are affiliates and/or subsidiaries of the Borrower, will derive substantial benefits from the extension of credit
to the Borrower pursuant to the Credit Agreement; and 
 WHEREAS, in order to induce the Secured Parties to enter into the
Credit Agreement and the other Loan Documents and to extend the loans and other financial accommodations to the Borrower pursuant to the Credit Agreement, and in consideration thereof, and in consideration of any loans or other financial
accommodations heretofore or hereafter extended by the Secured Parties to the Borrower and the Guarantors pursuant to the Loan Documents, the Guarantors have agreed to guaranty the Guaranteed Obligations. 

NOW, THEREFORE, in consideration of the foregoing, each Guarantor hereby jointly and severally agrees as follows: 

ARTICLE XI  
 DEFINITIONS 
 11.01 Credit Agreement. 

(a) Capitalized terms used in this Agreement and not otherwise defined herein have the meanings specified in the Credit Agreement.

 (b) The rules of construction specified in Section 1.4 of the Credit Agreement also apply to this Agreement. 

11.02 Other Defined Terms. As used in this Agreement, the following terms have the meanings specified below: 

“Agreement” means this Guaranty. 
 “Borrower” has the meaning assigned to such term in the recitals to this Agreement. 
 “Claiming Party” has the meaning assigned to such term in Section 3.02. 
 “Contributing Party” has the meaning assigned to such term in Section 3.02. 

 “Credit Agreement” has the meaning assigned to such term in the recitals to
this Agreement. 
 “Guarantors” means (a) the Guarantors identified in the preamble to this Agreement and
(b) each other Restricted Subsidiary that becomes a party to this Agreement as a Guarantor after the Closing Date; sometimes referred to herein individually as a “Guarantor”. 

“Guaranteed Obligations” has the meaning assigned to such term in Section 2.01. 

“Guaranty Supplement” means an instrument substantially in the form of Exhibit I hereto. 

“Insolvency Proceeding” shall mean, means any proceeding commenced by or against any Person under any provision of any
Debtor Relief Law or under any other provincial, state or federal bankruptcy or insolvency law, assignments for the benefit of creditors, formal or informal moratoria, compositions, extensions generally with creditors, or proceedings seeking
reorganization, arrangement, or other similar relief. 
 “Lenders” means, individually and collectively, each
of the lenders identified on the signature pages to the Credit Agreement, and shall include any other Person made a party to the Credit Agreement as a Lender in accordance with the provisions thereof (together with their respective successors and
assigns). 
 “Obligations” means the “Obligations” as defined in the Credit Agreement. 

“Paid in Full” or “Payment in Full” means the payment in full in cash (or cash collateralization in
accordance with the terms of the Credit Agreement) of all Guaranteed Obligations other than Guaranteed Obligations consisting of contingent indemnification obligations for which no claim has been made and the full and final termination of any
commitment to extend any financial accommodations under the Credit Agreement and any other Loan Document. 
 ARTICLE XII 

 GUARANTY 
 12.01 Guaranty. 
 (a) Each Guarantor absolutely and unconditionally
guarantees, jointly with the other Guarantors and severally, as a primary obligor and not merely as a surety, (i) the due and punctual payment of the Obligations of the Borrower (the “Guaranteed Obligations”), when and as the
same shall become due and payable, in each case, whether such Guaranteed Obligations are now existing or hereafter incurred under, arising out of any Loan Document, whether for principal, interest (including all interest that accrues after the
commencement of any Insolvency Proceeding irrespective of whether a claim therefor is allowed in such case or proceeding), fees, expenses or otherwise, and also includes any and all expenses (including reasonable counsel fees and expenses) incurred
by the Administrative Agent or the Lenders (or 

  
 -2-

 
any of them) in enforcing any rights under this Agreement, and whether at stated maturity or earlier, by reason of acceleration, demand, mandatory prepayment or otherwise in accordance herewith
or with any other Loan Documents and (ii) the punctual and faithful performance, keeping, observance, and fulfillment by the Borrower of all of the agreements, conditions, covenants, and obligations of the Borrower contained in the Credit
Agreement and under each of the other Loan Documents. Without limiting the generality of the foregoing, Guaranteed Obligations shall include all amounts that constitute part of the Guaranteed Obligations and would be owed by the Borrower to the
Administrative Agent or the Lenders under any Loan Document but for the fact that they are unenforceable or not allowable, including due to the existence of a bankruptcy, reorganization or similar proceeding involving the Borrower or any other
guarantor. Each of the Guarantors further agrees that the Guaranteed Obligations may be extended or renewed, in whole or in part, without notice to or further assent from it, and that it will remain bound upon its guarantee notwithstanding any
extension or renewal of any Guaranteed Obligation. 
 (b) Each Guarantor hereby agrees that it is directly, jointly and
severally with each other Guarantor and any other guarantor of the Guaranteed Obligations, liable to Administrative Agent, for the Secured Parties, that the obligations of each Guarantor hereunder are independent of the obligations of the Borrower
or any other Guarantor, and that a separate action may be brought against the Guarantor, whether such action is brought against the Borrower or any other Guarantor or whether the Borrower or any other guarantor is joined in such action. 

(c) To the fullest extent permitted by applicable Law, each Guarantor waives presentment to, demand of payment from and protest to the
Borrower or any other Guarantor of any of the Guaranteed Obligations and any all notices in connection therewith, and also waives (i) notice of acceptance of its guarantee, (ii) notice of protest for nonpayment, (iii) notice of any
loans or other financial accommodations made or extended under the Credit Agreement, or the creation or existence of any Guaranteed Obligations, (iv) notice of the amount of the Guaranteed Obligations, subject, however, to Guarantors’
right to make inquiry of Administrative Agent to ascertain the amount of the Guaranteed Obligations at any reasonable time, (v) notice of any adverse change in the financial condition of any Loan Party or of any other fact that might increase
such Guarantor’s risk hereunder, (vi) notice of any Default or Event of Default under any of the Loan Documents, and (vii) all other notices (except if such notice is specifically required to be given to such Guarantor under this
Agreement or any other Loan Documents to which such Guarantor is a party) and demands to which Guarantor might otherwise be entitled. 
 12.02 Guaranty of Payment. Each of the Guarantors further agrees that its guaranty hereunder constitutes a guaranty of payment when due and not of collection. Each Guarantor hereby agrees that its
liability hereunder shall be immediate and shall not be contingent upon the exercise or enforcement by any Secured Party of whatever remedies they may have against the Borrower or any other Guarantor, or the enforcement of any lien or realization
upon any security by any Secured Party. Each Guarantor hereby agrees that any release which may be given by Administrative Agent to the Borrower or any other Guarantor, or with respect to any property or asset subject to a Lien, shall not release
such Guarantor. Each Guarantor consents and agrees that no Secured Party shall be under any obligation to marshal 

  
 -3-

 
any property or assets of any Borrower or any other Guarantor in favor of such Guarantor, or against or in payment of any or all of the Guaranteed Obligations. 

12.03 No Limitations. 
 (a) Except for termination of a Guarantor’s obligations hereunder as expressly provided in Section 4.12, the obligations of each Guarantor hereunder shall not be subject to any reduction,
limitation, impairment or termination for any reason, including any claim of waiver, release, surrender, alteration or compromise, and shall not be subject to any defense or set-off, counterclaim, recoupment or termination whatsoever by reason of
the invalidity, illegality or unenforceability of the Guaranteed Obligations or otherwise. Without limiting the generality of the foregoing, the obligations of each Guarantor hereunder shall not be discharged or impaired or otherwise affected by:
(i) the failure of the Administrative Agent or any other Secured Party to assert any claim or demand or to enforce any right or remedy under the provisions of any Loan Document or otherwise; (ii) any rescission, waiver, amendment or
modification of, or any release from any of the terms or provisions of, any Loan Document or any other agreement, including with respect to any other Guarantor under this Agreement; (iii) the release of any security held by the Administrative
Agent or any other Secured Party for the Guaranteed Obligations; (iv) any default, failure or delay, willful or otherwise, in the performance of the Guaranteed Obligations; or (v) any other act or omission that may or might in any manner
or to any extent vary the risk of any Guarantor or otherwise operate as a discharge of any Guarantor as a matter of Law or equity (other than the Payment in Full of all the Guaranteed Obligations). Each Guarantor expressly authorizes the Secured
Parties to take and hold security for the payment and performance of the Guaranteed Obligations, to exchange, waive or release any or all such security (with or without consideration), to enforce or apply such security and direct the order and
manner of any sale thereof in their sole discretion or to release or substitute any one or more other guarantors or obligors upon or in respect of the Guaranteed Obligations, all without affecting the obligations of any Guarantor hereunder.

 (b) Without limiting the generality of any other waiver or other provision set forth in this Agreement, each Guarantor hereby
also agrees that Administrative Agent’s right to enforce this Agreement is absolute and is not contingent upon the genuineness, validity or enforceability of the Guaranteed Obligations or any of the Loan Documents. Each Guarantor agrees that
Administrative Agent’s rights under this Agreement shall be enforceable even if the Borrower had no liability at the time of execution of the Loan Documents or the Guaranteed Obligations are unenforceable in whole or in part, or the Borrower
ceases to be liable with respect to all or any portion of the Guaranteed Obligations. 
 (c) To the fullest extent permitted by
applicable Law, each Guarantor hereby waives any right to revoke this Agreement as to future Guaranteed Obligations. If such a revocation is effective notwithstanding the foregoing waiver, each Guarantor acknowledges and agrees that (i) no such
revocation shall be effective until written notice thereof has been received by Administrative Agent, (ii) no such revocation shall apply to any Guaranteed Obligations in existence on the date of receipt by Administrative Agent of such written
notice (including any subsequent continuation, extension, or renewal thereof, or change in the interest rate, payment terms, or other terms and conditions thereof), (iii) no such revocation shall apply to any

  
 -4-

 
Guaranteed Obligations made or created after such date to the extent made or created pursuant to a legally binding commitment of any of the Secured Parties in existence on the date of such
revocation, (iv) no payment by any Guarantor, the Borrower, or from any other source, prior to the date of Administrative Agent’s receipt of written notice of such revocation shall reduce the maximum obligation of any Guarantor hereunder,
and (v) any payment by the Borrower or from any source other than such Guarantor subsequent to the date of such revocation shall first be applied to that portion of the Guaranteed Obligations as to which the revocation is effective and which
are not, therefore, guaranteed hereunder, and to the extent so applied shall not reduce the maximum obligation of such Guarantor hereunder. 
 (d) To the fullest extent permitted by applicable Law, each Guarantor waives any defense based on or arising out of any defense of the Borrower or any other Loan Party or the unenforceability of the
Guaranteed Obligations or any part thereof from any cause, or the cessation from any cause of the liability of any Borrower or any other Loan Party, other than the Payment in Full of all the Guaranteed Obligations. The Administrative Agent and the
other Secured Parties may in accordance with the terms of the Loan Documents, at their election, foreclose on any security for the Guaranteed Obligations held by one or more of them by one or more judicial or nonjudicial sales, accept an assignment
of any such security in lieu of foreclosure, compromise or adjust any part of the Guaranteed Obligations, make any other accommodation with the Borrower or any other Loan Party or exercise any other right or remedy available to them against the
Borrower or any other Loan Party, without affecting or impairing in any way the liability of any Guarantor hereunder except to the extent the Guaranteed Obligations have been Paid in Full. To the fullest extent permitted by applicable Law, each
Guarantor waives any defense arising out of any such election even though such election operates, pursuant to applicable Law, to impair or to extinguish any right of reimbursement or subrogation or other right or remedy of such Guarantor against the
Borrower or any other Loan Party, as the case may be, or any security. 
 12.04 Reinstatement. If the incurrence or
payment of the Guaranteed Obligations or the obligations of Guarantors under this Agreement by any Guarantor or the transfer by any Guarantor to Administrative Agent of any property of any Guarantor should for any reason subsequently be declared to
be void or voidable under any state or federal law relating to creditors’ rights, including provisions of the Bankruptcy Code relating to fraudulent conveyances, preferences, or other voidable or recoverable payments of money or transfers of
property (collectively, a “Voidable Transfer”), and if any Secured Party is required to repay or restore, in whole or in part, any such Voidable Transfer, or elects to do so upon the reasonable advice of its counsel, then, as to any such
Voidable Transfer, or the amount thereof that any Secured Party is required or elects to repay or restore, and as to all reasonable costs, expenses, and attorneys fees of such Person related thereto, the liability of Guarantors automatically shall
be revived, reinstated, and restored and shall exist as though such Voidable Transfer had never been made. 
 12.05 Agreement
To Pay; Subrogation. In furtherance of the foregoing and not in limitation of any other right that the Administrative Agent or any other Secured Party has at Law or in equity against any Guarantor by virtue hereof, upon the failure of the
Borrower or other Guarantor to pay any Guaranteed Obligation when and as the same shall 

  
 -5-

 
become due, whether at maturity, by acceleration, after notice of prepayment or otherwise, or the failure of the Borrower to perform, keep, observe, or fulfill any other obligation referred to in
clause (a)(ii) of Section 2.01 of this Agreement in the manner provided in the Credit Agreement or any other Loan Document, each Guarantor immediately shall cause, as applicable, such payment in respect of the Guaranteed Obligations to be made
or such obligation to be performed, kept, observed, or fulfilled. Upon payment by any Guarantor of any sums to the Administrative Agent as provided above, all rights of such Guarantor against the Borrower or other Guarantor arising as a result
thereof by way of right of subrogation, contribution, reimbursement, indemnity or otherwise shall in all respects be subject to Article III. 
 12.06 Information. Each Guarantor assumes all responsibility for being and keeping itself informed of the Borrower’s and each other Guarantor’s financial condition and assets, and of all
other circumstances bearing upon the risk of nonpayment of the Guaranteed Obligations and the nature, scope and extent of the risks that such Guarantor assumes and incurs hereunder, and agrees that none of the Administrative Agent or the other
Secured Parties will have any duty to advise such Guarantor of information known to it or any of them regarding such circumstances or risks. Each Guarantor agrees that each Secured Party’s books and records showing the amount of the Guaranteed
Obligations shall be admissible in evidence in any action or proceeding, and shall be binding upon such Guarantor and conclusive for the purpose of establishing the amount of the Guaranteed Obligations absent manifest error. 

ARTICLE XIII  
 INDEMNITY, SUBROGATION AND SUBORDINATION 
 13.01 Indemnity and
Subrogation. In addition to all such rights of indemnity and subrogation as the Guarantors may have under applicable Law (but subject to Section 3.03), the Borrower agrees that in the event a payment of an obligation shall be made by any
Guarantor under this Agreement, the Borrower shall indemnify such Guarantor for the full amount of such payment and such Guarantor shall be subrogated to the rights of the Person to whom such payment shall have been made to the extent of such
payment. 
 13.02 Contribution and Subrogation. Each Guarantor (a “Contributing Party”) agrees (subject
to Section 3.03) that, in the event a payment shall be made by any other Guarantor hereunder in respect of any Guaranteed Obligation and such other Guarantor (the “Claiming Party”) shall not have been fully indemnified by the
Borrower as provided in Section 3.01, the Contributing Party shall indemnify the Claiming Party in an amount equal to the amount of such payment, in each case multiplied by a fraction of which the numerator shall be the net worth of the
Contributing Party on the date hereof and the denominator shall be the aggregate net worth of all the Contributing Parties together with the net worth of the Claiming Party on the date hereof (or, in the case of any Guarantor becoming a party hereto
pursuant to Section 4.13, the date of the Guaranty Supplement hereto executed and delivered by such Guarantor). Any Contributing Party making any payment to a Claiming Party pursuant to this Section 3.02 shall be subrogated to the rights
of such Claiming Party to the extent of such payment. Each Guarantor recognizes and acknowledges that the rights to contribution arising hereunder shall constitute an asset in favor of the party entitled to such 

  
 -6-

 
contribution. In this connection, each Guarantor has the right to waive, to the fullest extent permitted by applicable law, its contribution right against any other Guarantor to the extent that
after giving effect to such waiver such Guarantor would remain solvent, in the determination of the Administrative Agent. 

13.03 Subordination. Notwithstanding any provision of this Agreement to the contrary, until the Guaranteed Obligations have been
Paid in Full, each Guarantor hereby postpones and agrees not to exercise any of its rights under Sections 3.01 and 3.02 and all other rights of indemnity, contribution or subrogation under applicable Law or otherwise against the Borrower or
such other Guarantor; provided, that, if, in contravention of the foregoing, any amount shall be paid to such Guarantor on account of such subrogation rights at any time prior to the Payment in Full of the Guaranteed Obligations, such
amount shall be held in trust for the benefit of the Administrative Agent who shall hold them for the benefit of the Secured Parties and shall forthwith be paid to the Administrative Agent to be credited and applied against the Guaranteed
Obligations, whether matured or unmatured, pursuant to Section 2.3(b) of the Credit Agreement. No failure on the part of the Borrower or any Guarantor to make the payments required by Sections 3.01 and 3.02 (or any other payments required
under applicable Law or otherwise) shall in any respect limit the obligations and liabilities of any Guarantor with respect to its obligations hereunder, and each Guarantor shall remain liable for the full amount of the obligations of such Guarantor
hereunder. 
 ARTICLE XIV  
 MISCELLANEOUS 
 14.01 Notices. All communications and notices
hereunder shall (except as otherwise expressly permitted herein) be in writing and given as provided in Section 10.02 of the Credit Agreement. All communications and notices hereunder to any Guarantor shall be given to it in care of the
Borrower as provided in Section 10.02 of the Credit Agreement. 
 14.02 Waivers; Amendment. 

(a) No failure the Administrative Agent or any other Secured Party to exercise, and no delay by any such Person in exercising, any right,
remedy, power or privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right,
remedy, power or privilege. The rights, remedies, powers and privileges herein provided are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law. No waiver of any provision of this Agreement or consent to any
departure by any Guarantor therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) of this Section 4.02, and then such waiver or consent shall be effective only in the specific instance and for the
purpose for which given. Without limiting the generality of the foregoing, the making of a Loan shall not be construed as a waiver of any Default or Event of Default, regardless of whether the Administrative Agent or any Lender may have had notice
or knowledge of such Default or Event of Default at the time. No notice or 

  
 -7-

 
demand on any Guarantor in any case shall entitle any Guarantor to any other or further notice or demand in similar or other circumstances. 

(b) Neither this Agreement nor any provision hereof may be waived, amended or modified except pursuant to an agreement or agreements in
writing entered into by the Administrative Agent and the Guarantor or Guarantors with respect to which such waiver, amendment or modification is to apply, subject to any consent required in accordance with Section 10.01 of the Credit Agreement.

 14.03 Fees and Expenses; Indemnification; Payment Generally. 

(a) The parties hereto agree that each Secured Party shall be entitled to reimbursement of its reasonable out-of-pocket expenses incurred
hereunder and indemnity for its actions in connection herewith as provided in Section 10.4 of the Credit Agreement, respectively. 
 (b) Any such amounts payable as provided hereunder shall be additional Guaranteed Obligations secured hereby and by the other Loan Documents. The provisions of this Section 4.03 shall remain
operative and in full force and effect regardless of the termination of this Agreement or any other Loan Document, the consummation of the transactions contemplated hereby, the repayment of any of the Guaranteed Obligations, the invalidity or
unenforceability of any term or provision of this Agreement or any other Loan Document, or any investigation made by or on behalf of the Administrative Agent or any other Secured Party. All amounts due under this Section 4.03 shall be payable
not later than ten (10) Business Days after written demand therefor. 
 (c) Each Guarantor represents and warrants that it
is organized and resident in the United States of America. Each Guarantor shall make all payments hereunder without setoff or counterclaim and free and clear of and without deduction for any taxes, levies, imposts, duties, charges, fees, deductions,
withholdings, compulsory loans, restrictions or conditions of any nature now or hereafter imposed or levied by any jurisdiction or any political subdivision thereof or taxing or other authority therein unless such Guarantor is compelled by law to
make such deduction or withholding. If any such obligation (other than one arising with respect to taxes based on or measured by the income or profits of a Secured Party) is imposed upon such Guarantor with respect to any amount payable by it
hereunder, such Guarantor will pay to each of the affected Secured Parties, on the date on which such amount is due and payable hereunder, such additional amount in U.S. dollars as shall be necessary to enable the Secured Parties to receive the same
net amount which the Secured Parties would have received on such due date had no such obligation been imposed upon such Guarantor. Each Guarantor will deliver promptly to the Secured Parties certificates or other valid vouchers for all taxes or
other charges deducted from or paid with respect to payments made by such Guarantor hereunder. The obligations of each of the Guarantors under this paragraph shall survive the payment in full of the Guaranteed Obligations and termination of this
Guaranty. 
 14.04 Successors and Assigns. Whenever in this Agreement any of the parties hereto is referred to, such
reference shall be deemed to include the permitted successors and assigns of such party; and all covenants, promises and agreements by or on behalf of any Guarantor or the Administrative Agent that are contained in this Agreement shall bind and

  
 -8-

 
inure to the benefit of their respective successors and assigns. No party hereto may assign any of its rights or obligations hereunder except as permitted pursuant to the Credit Agreement.

 14.05 Survival of Agreement. All covenants, agreements, representations and warranties made by the Loan Parties in the
Loan Documents and in the certificates or other instruments prepared or delivered in connection with or pursuant to this Agreement or any other Loan Document shall be considered to have been relied upon by the Secured Parties and shall survive the
execution and delivery of the Loan Documents and the making of any Loans regardless of any investigation made by any Lender or on its behalf and notwithstanding that the Administrative Agent or any Lender may have had notice or knowledge of any
Default or Event of Default or incorrect representation or warranty at the time any credit is extended under the Credit Agreement, and shall continue in full force and effect until the Guaranteed Obligations are Paid in Full. 

14.06 Counterparts; Integration; Effectiveness. This Agreement may be executed in counterparts (and by different parties
hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement and the other Loan Documents constitute the entire agreement among the parties
relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof. This Agreement shall become effective when it shall have been executed by the
Administrative Agent and when the Administrative Agent shall have received counterparts hereof that, when taken together, bear the signatures of each of the other parties hereto. Delivery of an executed counterpart of a signature page of this
Agreement by telecopy or other means of electronic transmission shall be effective as delivery of a manually executed counterpart of this Agreement. 
 14.07 Severability. If any provision of this Agreement is held to be illegal, invalid or unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this
Agreement shall not be affected or impaired thereby and (b) the parties shall endeavor in good faith negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as
possible to that of the illegal, invalid or unenforceable provisions. The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 

14.08 Right of Set-Off. If an Event of Default shall have occurred and be continuing, each Secured Party and each of their
respective Affiliates is hereby authorized at any time and from time to time, after obtaining the prior written consent of the Administrative Agent, to the fullest extent permitted by applicable law, to set off and apply any and all deposits
(general or special, time or demand, provisional or final, in whatever currency) at any time held and other obligations (in whatever currency) at any time owing by such Secured Party or any such Affiliate to or for the credit or the account of any
Guarantor against any and all of the obligations of such Guarantor now or hereafter existing under this Agreement or any other Loan Document to such Secured Party, irrespective of whether or not such Secured Party shall have made any demand under
this Agreement or any other Loan Document and although such obligations of such Guarantor may be contingent or unmatured or are owed to a branch or office of such Secured Party different from the branch or office holding such deposit or obligated on

  
 -9-

 
such indebtedness. The rights of each Secured Party and its respective Affiliates under this Section 4.08 are in addition to other rights and remedies (including other rights of setoff) that
such Secured Party or its respective Affiliates may have. 
 14.09 Governing Law; Jurisdiction; Venue; Waiver of Jury Trial;
Consent to Service of Process. 
 (a) The terms of Sections 10.13 and 10.14 of the Credit Agreement with respect to
governing law, submission of jurisdiction, venue and waiver of jury trial are incorporated herein by reference, mutatis mutandis, and the parties hereto agree to such terms. 

(b) Each party to this Agreement irrevocably consents to service of process in the manner provided for notices in Section 4.01.
Nothing in this Agreement will affect the right of any party to this Agreement to serve process in any other manner permitted by Law. 
 14.10 Headings. Article and Section headings and the Table of Contents used herein are for convenience of reference only, are not part of this Agreement and are not to affect the construction of,
or to be taken into consideration in interpreting, this Agreement. 
 14.11 Guaranty Absolute. To the fullest extent
permitted by Law, all rights of the Administrative Agent hereunder and all obligations of each Guarantor hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other
Loan Document, any agreement with respect to any of the Guaranteed Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any
of the Guaranteed Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument, (c) any exchange, release or non-perfection of any Lien
on other collateral, or any release or amendment or waiver of or consent under or departure from any guarantee guaranteeing all or any of the Guaranteed Obligations or (d) any other circumstance that might otherwise constitute a defense
available to, or a discharge of, any Guarantor in respect of the Guaranteed Obligations or this Agreement (other than the Payment in Full of all of the Guaranteed Obligations). 

14.12 Termination or Release. 
 (a) This Agreement and the Guarantees made herein shall terminate with respect to all Guaranteed Obligations when all the outstanding Guaranteed Obligations have been Paid in Full. 

(b) If applicable, a Guarantor shall be released of its obligations under this Agreement in accordance with Section 9.10(b) of the
Credit Agreement. 
 14.13 Additional Guarantors. Pursuant to Section 6.12 of the Credit Agreement, upon
(x) the formation or acquisition of any new direct or indirect Restricted Subsidiary (other than an Excluded Subsidiary) by any Loan Party or the designation in 

  
 -10-

 
accordance with the terms of the Credit Agreement of any existing direct or indirect Unrestricted Subsidiary as a Restricted Subsidiary or (y) any Subsidiary ceasing to constitute an
Immaterial Subsidiary, the Borrower shall, in each case at the Borrower’s expense, cause such Restricted Subsidiary to enter into this Agreement. Upon execution and delivery by the Administrative Agent and a Restricted Subsidiary of a Guaranty
Supplement, such Restricted Subsidiary shall become a Guarantor hereunder with the same force and effect as if originally named as a Guarantor herein. The execution and delivery of any such instrument shall not require the consent of any other Loan
Party hereunder. The rights and obligations of each Loan Party hereunder shall remain in full force and effect notwithstanding the addition of any new Loan Party as a party to this Agreement. 

14.14 Limitation on Guaranteed Obligations. Each Guarantor and each Secured Party (by its acceptance of the benefits of this
Agreement) hereby confirms that it is its intention that this Agreement not constitute a fraudulent transfer or conveyance for purposes of any Laws related to bankruptcy or insolvency laws of the United States or other applicable jurisdictions from
time to time in effect and affecting the rights of creditors generally (including the Bankruptcy Code of the United States, the Uniform Fraudulent Conveyance Act or any similar Federal or state law). To effectuate the foregoing intention, each
Guarantor and each Secured Party (by its acceptance of the benefits of this Agreement) hereby irrevocably agrees that the Guaranteed Obligations owing by such Guarantor under this Agreement shall be limited to such amount as will, after giving
effect to such maximum amount and all other (contingent or otherwise) liabilities of such Guarantor that are relevant under such Laws and after giving effect to any rights to contribution and/or subrogation pursuant to any agreement providing for an
equitable contribution and/or subrogation among such Guarantor and the other Guarantors, result in the Guaranteed Obligations of such Guarantor in respect of such maximum amount not constituting a fraudulent transfer or conveyance. 

14.15 Continuing Guaranty. This guaranty is a continuing guaranty of payment, and shall apply to all Guaranteed Obligations
whenever arising. 
 14.16 Consent to Certain Provisions. Each Guarantor will comply with all covenants in the Loan
Documents applicable to it as a Restricted Subsidiary or Loan Party even if it is not a signatory to the applicable Loan Document. 
 [REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] 

  
 -11-

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

			
	GUARANTORS:
	
	GLS INTERNATIONAL INC.
		
	By:	 	 
		 	Name:
		 	Title:

  
 [Signature
Page – Guaranty] 

 
			
	POLYONE LLC
		
	By:	 	 
		 	Name:
		 	Title:

  
 [Signature
Page – Guaranty] 

 
			
	POLYMER DIAGNOSTICS, INC.
		
	By:	 	 
		 	Name:
		 	Title:

  
 [Signature
Page – Guaranty] 

 
			
	 NEU SPECIALTY ENGINEERED
 MATERIALS, LLC

		
	By:	 	 
		 	Name:
		 	Title:

  
 [Signature
Page – Guaranty] 

 
			
	CONEXUS, INC.
		
	By:	 	 
		 	Name:
		 	Title:

  
 [Signature
Page – Guaranty] 

 
			
	M.A. HANNA ASIA HOLDING COMPANY
		
	By:	 	 
		 	Name:
		 	Title:

  
 [Signature
Page – Guaranty] 

 
			
	COLORMATRIX HOLDINGS, INC.
		
	By:	 	 
		 	Name:
		 	Title:

  
 [Signature
Page – Guaranty] 

 
			
	COLORMATRIX GROUP, INC.
		
	By:	 	 
		 	Name:
		 	Title:

  
 [Signature
Page – Guaranty] 

 
			
	THE COLORMATRIX CORPORATION
		
	By:	 	 
		 	Name:
		 	Title:

  
 [Signature
Page – Guaranty] 

 
			
	CHROMATICS, INC.
		
	By:	 	 
		 	Name:
		 	Title:

  
 [Signature
Page – Guaranty] 

 
			
	COLORMATRIX - BRAZIL, LLC
		
	By:	 	 
		 	Name:
		 	Title:

  
 [Signature
Page – Guaranty] 

 
			
	GAYSON SILICONE DISPERSIONS, INC.
		
	By:	 	 
		 	Name:
		 	Title:

  
 [Signature
Page – Guaranty] 

 
			
	BORROWER:
	
	POLYONE CORPORATION
		
	By:	 	 
		 	Name:
		 	Title:

  
 [Signature
Page – Guaranty] 

 
			
	ADMINISTRATIVE AGENT:
	
	BANK OF AMERICA, N.A.
		
	By:	 	 
		 	Name:
		 	Title:

  
 [Signature
Page – Guaranty] 

 Exhibit I 
 to the Guaranty 
 SUPPLEMENT NO.      dated as
of [•], to the Guaranty, dated as of December 21, 2011, among the Guarantors identified therein and BANK OF AMERICA, N.A., as Administrative Agent (the “Guaranty”). 

A. Reference is made to the Credit Agreement, dated as of December 21, 2011, by and among PolyOne Corporation, a Delaware
corporation (the “Borrower”), Bank of America, N.A,, as Administrative Agent and the lending institutions from time to time party thereto (as amended, amended and restated, supplemented or otherwise modified from time to time, the
“Credit Agreement”). 
 B. Capitalized terms used herein and not otherwise defined herein shall have the
meanings assigned to such terms in the Credit Agreement and the Guaranty. 
 C. The Guarantors have entered into the Guaranty in
order to induce the Lenders to make Loans and the Issuing Lenders to issue Letters of Credit. Section 4.13 of the Guaranty provides that additional Restricted Subsidiaries of the Borrower may become Guarantors under the Guaranty by execution
and delivery of an instrument in the form of this Supplement. The undersigned Restricted Subsidiary (the “New Subsidiary”) is executing this Supplement in accordance with the requirements of the Credit Agreement to become a
Guarantor under the Guaranty in order to induce the Lenders to make Loans, in each case, pursuant to the terms of the Credit Agreement, and as consideration for Loans previously made. 

Accordingly, the Administrative Agent and the New Subsidiary agree as follows: 

SECTION 1. In accordance with Section 4.13 of the Guaranty, the New Subsidiary by its signature below becomes a Guarantor under the
Guaranty with the same force and effect as if originally named therein as a Guarantor and the New Subsidiary hereby (a) agrees to all the terms and provisions of the Guaranty applicable to it as a Guarantor thereunder and (b) represents
and warrants that the representations and warranties made by it as a Guarantor thereunder are true and correct on and as of the date hereof. In furtherance of the foregoing, the New Subsidiary, as security for the payment and performance in full of
the Guaranteed Obligations does hereby, for the benefit of the Secured Parties, their successors and assigns, irrevocably, absolutely and unconditionally guaranty, jointly with the other Guarantors and severally, the due and punctual payment and
performance of the Guaranteed Obligations as set forth in the Guaranty. Each reference to a “Guarantor” in the Guaranty shall be deemed to include the New Subsidiary. The Guaranty is hereby incorporated herein by reference. 

SECTION 2. The New Subsidiary represents and warrants to the Administrative Agent and the other Secured Parties that this Supplement has
been duly authorized, executed and delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms. 
 SECTION 3. This Supplement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together
shall constitute a single contract. This Supplement shall become 

 
effective when the Administrative Agent shall have received a counterpart of this Supplement that bears the signature of the New Subsidiary and the Administrative Agent has executed a counterpart
hereof. Delivery of an executed signature page to this Supplement by facsimile transmission or other means of electronic transmission shall be as effective as delivery of a manually signed counterpart of this Supplement. 

SECTION 4. Except as expressly supplemented hereby, the Guaranty shall remain in full force and effect. 

SECTION 5. THIS SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

 SECTION 6. In case any one or more of the provisions contained in this Supplement should be held invalid, illegal or
unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein and in the Guaranty shall not in any way be affected or impaired thereby (it being understood that the invalidity of a particular
provision in a particular jurisdiction shall not in and of itself affect the validity of such provision in any other jurisdiction). The parties hereto shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable
provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 
 SECTION 7. All communications and notices hereunder shall be in writing and given as provided in Section 4.01 of the Guaranty. 

  

 Exhibit I 
 to the Guaranty 
 IN WITNESS WHEREOF, the New Subsidiary and the
Administrative Agent have duly executed this Supplement to the Guaranty as of the day and year first above written. 
  

			
	[NAME OF NEW SUBSIDIARY]
		
	By:	 	 
		 	Name:
		 	Title:

  

 
			
	 BANK OF AMERICA, N.A.,
 as Administrative Agent,

		
	By:	 	 
		 	Name:
		 	Title:

 EXHIBIT F 

FORM OF SECURITY AGREEMENT 
 [separately attached] 

  

 Execution Copy 
 SECURITY AGREEMENT 
 By 

POLYONE CORPORATION, 
 and 
 THE OTHER PLEDGORS PARTY HERETO 

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

 
 Dated as of
December 21, 2011 
  
  

 

  

 TABLE OF CONTENTS 

 

					
	  	  	Page	 
	 PREAMBLE
	  	 	1	  
	 RECITALS
	  	 	1	  
	 AGREEMENT
	  	 	2	  

  

					
	ARTICLE I	  
		
	DEFINITIONS AND INTERPRETATION	  			
		
	 SECTION 1.1. DEFINITIONS
	  	 	2	  
	 SECTION 1.2. INTERPRETATION
	  	 	10	  
	 SECTION 1.3. PERFECTION CERTIFICATE
	  	 	10	  
		
	ARTICLE II	  			
		
	GRANT OF SECURITY AND OBLIGATIONS	  			
		
	 SECTION 2.1. GRANT OF SECURITY INTEREST
	  	 	10	  
	 SECTION 2.2. SECURITY FOR OBLIGATIONS
	  	 	12	  
	 SECTION 2.3. FILINGS
	  	 	12	  
		
	ARTICLE III	  			
		
	 PERFECTION; SUPPLEMENTS; FURTHER ASSURANCES;

USE OF COLLATERAL
	  			
		
	 SECTION 3.1. DELIVERY OF CERTIFICATED SECURITIES COLLATERAL
	  	 	12	  
	 SECTION 3.2. PERFECTION OF UNCERTIFICATED SECURITIES COLLATERAL
	  	 	13	  
	 SECTION 3.3. FINANCING STATEMENTS AND OTHER FILINGS; MAINTENANCE OF PERFECTED SECURITY
                     INTEREST
	  	 	13	  
	 SECTION 3.4. OTHER ACTIONS
	  	 	14	  
	 SECTION 3.5. JOINDER OF ADDITIONAL PLEDGORS
	  	 	17	  
	 SECTION 3.6. SUPPLEMENTS; FURTHER ASSURANCES
	  	 	18	  
	 SECTION 3.7. AGENT’S RIGHT TO PERFORM CONTRACTS, EXERCISE RIGHTS, ETC.
	  	 	18	  

  
 -i-

					
	 	  	Page	 
	ARTICLE IV	  	 	 
		
	REPRESENTATIONS, WARRANTIES AND COVENANTS	  			
		
	 SECTION 4.1. TITLE
	  	 	19	  
	 SECTION 4.2. VALIDITY OF SECURITY INTEREST
	  	 	19	  
	 SECTION 4.3. DEFENSE OF CLAIMS; TRANSFERABILITY OF COLLATERAL
	  	 	19	  
	 SECTION 4.4. OTHER FINANCING STATEMENTS
	  	 	19	  
	 SECTION 4.5. LOCATION OF INVENTORY AND EQUIPMENT
	  	 	20	  
	 SECTION 4.6. DUE AUTHORIZATION AND ISSUANCE
	  	 	20	  
	 SECTION 4.7. COLLATERAL
	  	 	20	  
	 SECTION 4.8. INSURANCE
	  	 	20	  
	 SECTION 4.9. CHIEF EXECUTIVE OFFICE; CHANGE OF NAME; JURISDICTION OF ORGANIZATION
	  	 	20	  
		
	ARTICLE V	  			
		
	CERTAIN PROVISIONS CONCERNING SECURITIES COLLATERAL	  			
		
	 SECTION 5.1. PLEDGE OF ADDITIONAL SECURITIES COLLATERAL
	  	 	21	  
	 SECTION 5.2. VOTING RIGHTS; DISTRIBUTIONS; ETC.
	  	 	21	  
	 SECTION 5.3. DEFAULTS, ETC.
	  	 	22	  
	 SECTION 5.4. CERTAIN AGREEMENTS OF PLEDGORS AS ISSUERS AND HOLDERS OF EQUITY INTERESTS
	  	 	22	  
		
	ARTICLE VI	  			
		
	CERTAIN PROVISIONS CONCERNING INTELLECTUAL	  			
	PROPERTY COLLATERAL	  			
		
	 SECTION 6.1. GRANT OF INTELLECTUAL PROPERTY LICENSE
	  	 	23	  
	 SECTION 6.2. CERTAIN REPRESENTATIONS AND WARRANTIES
	  	 	24	  
	 SECTION 6.3. PROTECTION OF ADMINISTRATIVE AGENT’S SECURITY
	  	 	25	  
	 SECTION 6.4. AFTER-ACQUIRED IP COLLATERAL
	  	 	26	  
	 SECTION 6.5. LITIGATION
	  	 	26	  
	 SECTION 6.6. SECURED PARTIES’ DUTIES
	  	 	27	  
		
	ARTICLE VII	  			
		
	CERTAIN PROVISIONS CONCERNING RECEIVABLES	  			
		
	 SECTION 7.1. MAINTENANCE OF RECORDS
	  	 	27	  
	 SECTION 7.2. COLLECTION OF RECEIVABLES
	  	 	27	  

  
 -ii-

					
	 	  	Page	 
	ARTICLE VIII	  			
		
	TRANSFERS	  			
		
	 SECTION 8.1. TRANSFERS OF COLLATERAL
	  	 	28	  
	ARTICLE IX	  			
		
	REMEDIES	  			
		
	 SECTION 9.1. REMEDIES
	  	 	28	  
	 SECTION 9.2. NOTICE OF SALE
	  	 	30	  
	 SECTION 9.3. WAIVER OF NOTICE AND CLAIMS
	  	 	30	  
	 SECTION 9.4. CERTAIN SALES OF COLLATERAL
	  	 	30	  
	 SECTION 9.5. NO WAIVER; CUMULATIVE REMEDIES
	  	 	31	  
	 SECTION 9.6. CERTAIN ADDITIONAL ACTIONS REGARDING INTELLECTUAL PROPERTY
	  	 	31	  
	 SECTION 9.7. MARSHALING
	  	 	32	  
		
	ARTICLE X	  			
		
	APPLICATION OF PROCEEDS	  			
		
	 SECTION 10.1. APPLICATION OF PROCEEDS
	  	 	32	  
		
	ARTICLE XI	  			
		
	MISCELLANEOUS	  			
		
	 SECTION 11.1. CONCERNING ADMINISTRATIVE AGENT
	  	 	32	  
	 SECTION 11.2. ADMINISTRATIVE AGENT MAY PERFORM; ADMINISTRATIVE AGENT APPOINTED
                      ATTORNEY-IN-FACT
	  	 	33	  
	 SECTION 11.3. CONTINUING SECURITY INTEREST; ASSIGNMENT
	  	 	35	  
	 SECTION 11.4. TERMINATION; RELEASE
	  	 	35	  
	 SECTION 11.5. MODIFICATION IN WRITING
	  	 	36	  
	 SECTION 11.6. NOTICES
	  	 	36	  
	 SECTION 11.7. GOVERNING LAW, CONSENT TO JURISDICTION AND SERVICE OF PROCESS; WAIVER OF
                      JURY TRIAL
	  	 	36	  
	 SECTION 11.8. SEVERABILITY OF PROVISIONS
	  	 	36	  
	 SECTION 11.9. EXECUTION IN COUNTERPARTS
	  	 	36	  
	 SECTION 11.10. BUSINESS DAYS
	  	 	36	  
	 SECTION 11.11. NO CREDIT FOR PAYMENT OF TAXES OR IMPOSITION
	  	 	37	  
	 SECTION 11.12. NO CLAIMS AGAINST ADMINISTRATIVE AGENT
	  	 	37	  
	 SECTION 11.13. NO RELEASE
	  	 	37	  

  
 -iii-

					
	 	  	Page	 
	 SECTION 11.14. OBLIGATIONS ABSOLUTE
	  	 	37	  
	 SECTION 11.15. INTERCREDITOR ARRANGEMENTS
	  	 	38	  

  

			
	EXHIBIT 1	  	Form of Issuer’s Acknowledgment
	EXHIBIT 2	  	Form of Securities Pledge Amendment
	EXHIBIT 3	  	Form of Security Agreement Supplement
	EXHIBIT 4	  	Form of Copyright Security Agreement
	EXHIBIT 5	  	Form of Patent Security Agreement
	EXHIBIT 6	  	Form of Trademark Security Agreement

  

			
	SCHEDULE I	  	Intercompany Notes
	SCHEDULE C	  	Copyrights
	SCHEDULE P-1	  	Patents
	SCHEDULE P-2	  	Pledged Securities
	SCHEDULE T	  	Trademarks
	SCHEDULE 3.3	  	Filing Offices
	SCHEDULE 3.4(a)	  	Instruments and Tangible Chattel Paper
	SCHEDULE 3.4(b)	  	Deposit Accounts; Banks
	SCHEDULE 3.4(c)	  	Securities Accounts and Commodities Accounts
	SCHEDULE 3.4(d)	  	Electronic Chattel Paper and Transferable Records
	SCHEDULE 3.4(f)	  	Commercial Tort Claims
	SCHEDULE 4.5	  	Inventory and Equipment Locations

  
 -iv-

 THIS AGREEMENT IS SUBJECT TO THE PROVISIONS OF THE INTERCREDITOR 

ARRANGEMENTS (AS DEFINED BELOW). IN THE EVENT OF ANY INCONSISTENCY 

BETWEEN THE TERMS OF THIS AGREEMENT AND THE TERMS OF ANY OF THE 

INTERCREDITOR ARRANGEMENTS, THE TERMS OF SUCH APPLICABLE INTERCREDITOR 

ARRANGEMENT. 
 SECURITY AGREEMENT 
 This SECURITY AGREEMENT dated as of December 21,
2011 (as amended, restated, supplemented or otherwise modified from time to time in accordance with the provisions hereof, this “Agreement”) made by the Pledgors listed on the signature pages hereof and those additional entities
that hereafter become parties hereto by executing the form of Security Agreement Supplement attached hereto as Exhibit 3 (the “Pledgors” and each, a “Pledgor”), in favor of BANK OF AMERICA, N.A., in its capacity as
administrative and collateral agent pursuant to the Credit Agreement (as hereinafter defined), as pledgee, assignee and secured party (in such capacities and together with any successors and assigns in such capacities, the “Administrative
Agent”). 
 R E C I T A L S : 

A. The PolyOne Corporation (the “Borrower”), the Administrative Agent and the lending institutions listed therein have,
in connection with the execution and delivery of this Agreement, entered into that certain Credit Agreement, dated as of December 21, 2011 (as amended, amended and restated, supplemented or otherwise modified from time to time, the
“Credit Agreement”). 
 B. Each Guarantor has, pursuant to the Guaranty, unconditionally guaranteed the
Obligations. 
 C. Each Pledgor will receive substantial benefits from the execution, delivery and performance of the
obligations under the Credit Agreement and the other Loan Documents and each is, therefore, willing to enter into this Agreement. 
 D. This Agreement is given by each Pledgor in favor of the Administrative Agent for the benefit of the Secured Parties to secure the payment and performance of all of the Obligations. 

F. It is a condition to the obligations of the Secured Parties to make financial accommodations to Borrower and the Guarantors as
provided for in the Credit Agreement and the other Loan Documents that each Pledgor execute and deliver the applicable Loan Documents, including this Agreement. 

  
 1 

 A G R E E M E N T :

 NOW THEREFORE, in consideration of the foregoing premises and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, each Pledgor and the Administrative Agent hereby agree as follows: 
 ARTICLE I

 DEFINITIONS AND INTERPRETATION 
 SECTION 1.1 Definitions. 
 (a) Unless otherwise defined herein or in the
Credit Agreement, capitalized terms used herein that are defined in the UCC shall have the meanings assigned to them in the UCC; provided that in any event, the following terms shall have the meanings assigned to them in the UCC: 

“Accounts”; “Bank”; “Chattel Paper”; “Commercial Tort Claim”;
“Commodity Account”; “Commodity Contract”; “Commodity Intermediary”; “Documents”; “Electronic Chattel Paper”; “Entitlement Order”;
“Equipment”; “Financial Asset”; “Fixtures”; “Goods”, “Inventory”; “Letter-of-Credit Rights”; “Letters of Credit”;
“Money”; “Payment Intangibles”; “Records”; “Securities Account”; “Securities Intermediary”; “Security Entitlement”; “Supporting
Obligations”; and “Tangible Chattel Paper.” 
 (b) Terms used but not otherwise defined herein that
are defined in the Credit Agreement shall have the meanings given to them in the Credit Agreement. Sections 1.2 and 1.4 of the Credit Agreement shall apply herein mutatis mutandis. 

(c) The following terms shall have the following meanings: 
 “2015 Note Intercreditor Agreement” shall have the meaning assigned to such term in the Credit Agreement. 
 “ABL Agent” shall have the meaning assigned to such term in the Credit Agreement. 
 “ABL Facility” shall have the meaning assigned to such term in the Credit Agreement. 
 “Account Control Agreements” shall mean, collectively, the Deposit Account Control Agreement, the Securities Account Control Agreement and the Commodity Account Control Agreement.

 “Account Debtor” shall mean each person who is obligated on a Receivable or Supporting Obligation related
thereto. 

  
 2 

 “Acknowledgment” shall have the meaning assigned to such term in the Credit
Agreement. 
 “Activation Instruction” shall have the meaning assigned to such term in
Section 3.4(b)(ii) hereof. 
 “Administrative Agent” shall have the meaning assigned to such term
in the Preamble hereof. 
 “After-Acquired IP Collateral” shall have the meaning assigned to such term in
Section 6.4 hereof. 
 “Agreement” shall have the meaning assigned to such term in the Preamble
hereof. 
 “Books” shall mean books and records (including each Pledgor’s Records indicating, summarizing,
or evidencing such Pledgor’s assets (including the Collateral) or liabilities, each Pledgor’s Records relating to such Pledgor’s business operations or financial condition, and each Pledgor’s goods or General Intangibles related
to such information). 
 “Borrower” shall have the meaning assigned to such term in the Preamble hereof.

 “Cash Dominion Event” shall have the meaning assigned to such term in the ABL Facility. 

“Cash Equivalents” shall have the meaning assigned to such term in the Credit Agreement. 

“Collateral” shall have the meaning assigned to such term in Section 2.1 hereof. 

“Collateral Support” shall mean all property (real or personal) assigned, hypothecated or otherwise securing any
Collateral and shall include any security agreement or other agreement granting a lien or security interest in such real or personal property. 
 “Collections” shall mean all cash, checks, notes, instruments, and other items of payment (including insurance proceeds, cash proceeds of asset sales, rental proceeds, and tax refunds).

 “Commodity Account Control Agreement” shall mean a control agreement in a form that is reasonably
satisfactory to the Administrative Agent establishing the Administrative Agent’s Control with respect to any Commodity Account. 
 “Computer Software” shall mean, all computer software, programs and databases (including, without limitation, source code, object code and all related applications and data files),
firmware and documentation and materials relating thereto, together with any and all maintenance rights, service rights, programming rights, hosting rights, test rights, improvement rights, renewal rights and indemnification rights and any
substitutions, replacements, improvements, error corrections, updates and new versions of any of the foregoing. 

  
 3 

 “Contracts” shall mean, collectively, with respect to each Pledgor, the
Merger Agreement, all sale, service, performance, equipment or property lease contracts, agreements and grants and all other contracts, agreements or grants (in each case, whether written or oral, or third party or intercompany), between such
Pledgor and any third party, and all assignments, amendments, restatements, supplements, extensions, renewals, replacements or modifications thereof. 
 “Control” shall mean (i) in the case of each Deposit Account, “control,” as such term is defined in Section 9-104 of the UCC, (ii) in the case of any Security
Entitlement, “control,” as such term is defined in Section 8-106 of the UCC, and (iii) in the case of any Commodity Contract, “control,” as such term is defined in Section 9-106 of the UCC. 

“Controlled Account Bank” shall have the meaning assigned to such term in Section 3.4(b)(i) hereof.

 “Copyrights” shall mean, collectively, with respect to each Pledgor, all copyrights (whether statutory or
common law, whether established or registered in the United States or any other country or any political subdivision thereof, whether registered or unregistered and whether published or unpublished), including copyrights in Computer Software and all
copyright registrations and applications made by such Pledgor, including those listed on Schedule C to this Agreement, in each case, whether now owned or hereafter created or acquired by or assigned to such Pledgor, together with any and all
(i) rights and privileges arising under applicable law with respect to such Pledgor’s use of such copyrights, (ii) reissues, renewals, continuations and extensions thereof and amendments thereto, (iii) income, fees, royalties,
damages, claims and payments now or hereafter due and/or payable with respect thereto, including damages and payments for past, present or future infringements thereof, (iv) rights corresponding thereto throughout the world and (v) rights
to sue for past, present or future infringements thereof. 
 “Copyright Security Agreement” shall mean an
agreement substantially in the form of Exhibit 4 hereto. 
 “Credit Agreement” shall have the
meaning assigned to such term in Recital A hereof. 
 “Deposit Account Control Agreement” shall mean an
agreement in a form that is reasonably satisfactory to the Administrative Agent establishing the Administrative Agent’s Control with respect to any Deposit Account. 
 “Deposit Accounts” shall mean, collectively, with respect to each Pledgor, all “deposit accounts” as such term is defined in the UCC. 

“Distributions” shall mean, collectively, with respect to each Pledgor, all dividends, cash, options, warrants, rights,
instruments, distributions, returns of capital or principal, income, interest, profits and other property, interests (debt or equity) or proceeds, including as a result of a split, revision, reclassification or other like change of the Pledged
Securities, from time to time received, receivable or otherwise distributed to such Pledgor in respect of or in exchange for any or all of the Pledged Securities or Intercompany Notes. 

  
 4 

 “Excluded Accounts” shall have the meaning assigned to such term in
Section 3.4(b)(i) hereof. 
 “Excluded Property” shall mean (a) voting Equity Interest in
excess of 65% of the voting Equity Interest of any CFC (whether directly, indirectly through a pledge of the voting Equity Interest of an entity that is treated as a disregarded entity for federal income tax purposes and substantially all of the
assets of which consist of the voting Equity Interest of one or more of such CFCs, or a combination thereof), and (b)(i) fee-owned Real Property other than Material Real Property and any leasehold interest, (ii) commercial tort claims with a
value of less than $250,000, (iii) any governmental licenses or State or local franchises, charters and authorizations, in each case, to the extent that the grant of a security interest therein would violate or invalidate such governmental
licenses or State or local franchises, charters and authorizations, (iv) pledges and security interests prohibited or restricted by applicable law (including any requirement to obtain the consent of any governmental authority or third party),
(v) shares in joint ventures, partnerships or non-wholly-owned Subsidiaries which cannot be pledged without third parties’ consent or the assets owned by any of the foregoing, (vi) agreements, licenses or leases to the extent that by
their terms such agreements, licenses or leases prohibit such security interests or such security interest would create a right of termination in favor of any other party thereto (including any requirement to obtain the consent of any third party),
(vii) margin stock, and (viii) any intent to use trademark application to the extent and for so long as creation by a Pledgor of a security interest therein would result in the loss by such Pledgor of any material rights therein;
provided, that, (A) in case of each of clauses (iii) through (vii) above, such property and assets shall be excluded from Collateral only to the extent that the restrictions on security interests are enforceable after
giving effect to the applicable anti-assignment provisions of the UCC (and/or other applicable law which may render such anti-assignment provisions null and void and ineffective), (B) proceeds and receivables of Excluded Property shall be
deemed Collateral and the assignment of proceeds and receivables of Excluded Property shall be expressly deemed effective under the UCC, notwithstanding the foregoing and (c) the security interest shall attach to the property and assets
identified in clause (b) above immediately and automatically at such time as any applicable condition described in clause (b) ceases to exist, and, to the extent severable, shall in any event attach to all rights in respect of such
property and assets that are not subject to such applicable condition described in clause (b) above. 
 “Foreign
Subsidiary” shall mean a Subsidiary that is organized under the laws of a jurisdiction other than the United States or any state thereof or the District of Columbia. 
 “General Intangibles” shall mean, collectively, with respect to each Pledgor, all “general intangibles,” as such term is defined in the UCC, of such Pledgor and, in any event,
shall include (i) all of such Pledgor’s rights, title and interest in, to and under all Contracts and insurance policies (including all rights and remedies relating to monetary damages, including indemnification rights and remedies,
and claims for damages or other relief pursuant to or in respect of any Contract), (ii) all know-how and warranties relating to any of the Collateral or the Mortgaged Property, (iii) any and all other rights, claims, choses-in-action and
causes of action of such Pledgor against any other person and the benefits of any and all collateral or other security given by any other person in connection therewith, (iv) all guarantees, endorsements and

  
 5 

 
indemnifications on, or of, any of the Collateral or any of the Mortgaged Property, (v) all lists, books, records, correspondence, ledgers, printouts, files (whether in printed form or
stored electronically), tapes and other papers or materials containing information relating to any of the Collateral or any of the Mortgaged Property, including all customer or tenant lists, identification of suppliers, data, plans, blueprints,
specifications, designs, drawings, appraisals, recorded knowledge, surveys, studies, engineering reports, test reports, manuals, standards, processing standards, performance standards, catalogs, research data, computer and automatic machinery
software and programs and the like, field repair data, accounting information pertaining to such Pledgor’s operations or any of the Collateral or any of the Mortgaged Property and all media in which or on which any of the information or
knowledge or data or records may be recorded or stored and all computer programs used for the compilation or printout of such information, knowledge, records or data, (vi) all licenses, consents, permits, variances, certifications,
authorizations and approvals, however characterized, now or hereafter acquired or held by such Pledgor, including building permits, certificates of occupancy, environmental certificates, industrial permits or licenses and certificates of operation
and (vii) all rights to reserves, deferred payments, deposits, refunds, indemnification of claims and claims for tax or other refunds against any Governmental Authority. 
 “Goodwill” shall mean, collectively, with respect to each Pledgor, the goodwill connected with such Pledgor’s business including all goodwill connected with (i) the use of and
symbolized by any Trademark or, as applicable, any other trademark licensed to such Pledgor pursuant to an Intellectual Property License, (ii) all know-how, trade secrets, customer and supplier lists, proprietary information, inventions,
methods, procedures, formulae, descriptions, compositions, technical data, drawings, specifications, name plates, catalogs, confidential information and the right to limit the use or disclosure thereof by any person, pricing and cost information,
business and marketing plans and proposals, consulting agreements, engineering contracts and such other assets which relate to such goodwill and (iii) all product lines of such Pledgor’s business. 

“Hedging Agreement” shall mean, (a) an agreement relating to any swap, cap, floor, collar, option, forward, cross
right or obligation, or combination thereof or similar transaction, with respect to interest rate, foreign exchange, currency, commodity, credit or equity risk, and (b) other agreements or arrangements designed to protect such Person against
fluctuations in interest rates or the value of foreign currencies. 
 “Insolvency Proceeding” shall mean, any
proceeding commenced by or against any Person under any provision of any Debtor Relief Law or under any other provincial, state or federal bankruptcy or insolvency law, assignments for the benefit of creditors, formal or informal moratoria,
compositions, extensions generally with creditors, or proceedings seeking reorganization, arrangement, or other similar relief. 

“Instruments” shall mean, collectively, with respect to each Pledgor, all “instruments,” as such term is
defined in Article 9, rather than Article 3, of the UCC, and shall include all promissory notes, drafts, bills of exchange or acceptances. 

  
 6 

 “Intellectual Property Collateral” shall mean, collectively, the Patents,
Trademarks, Copyrights, Intellectual Property Licenses and Goodwill. 
 “Intellectual Property Licenses” shall
mean, collectively, with respect to each Pledgor, all license agreements with any other party with respect to any Patent, Trademark or Copyright or any other patent, trademark or copyright, whether such Pledgor is a licensor or licensee, under any
such license agreement, together with any and all (i) renewals, extensions, supplements and continuations thereof, (ii) income, fees, royalties, damages, claims and payments now and hereafter due and/or payable thereunder and with respect
thereto including damages and payments for past, present or future infringements or violations thereof, (iii) rights, if any, granted to such Pledgor pursuant to such license agreements to sue for past, present and future infringements or
violations of any patents, trademarks or copyrights licensed to such Pledgor and (iv) other rights, if any, granted to such Pledgor pursuant to such license agreements to use, exploit or practice any patents, trademarks or copyrights licensed
to such Pledgor. 
 “Intercreditor Agreement” shall have the meaning assigned to such term in the Credit
Agreement. 
 “Intercreditor Arrangements” shall mean, collectively, the Intercreditor Agreement and the 2015
Note Intercreditor Agreement. 
 “Intercompany Notes” shall mean, with respect to each Pledgor, all
intercompany notes described in Schedule I to this Agreement and intercompany notes hereafter acquired by such Pledgor and all certificates, instruments or agreements evidencing such intercompany notes, and all assignments, amendments,
restatements, supplements, extensions, renewals, replacements or modifications thereof to the extent permitted pursuant to the terms hereof. 
 “Investment Property” shall mean a security, whether certificated or uncertificated, Security Entitlement, Securities Account, Commodity Contract or Commodity Account, excluding, however,
the Securities Collateral. 
 “Patents” shall mean, collectively, with respect to each Pledgor, all patents and
patent applications and registrations owned by or assigned to, such Pledgor (whether established or registered or recorded in the United States or any other country or any political subdivision thereof), including those set forth on Schedule
P-1 to this Agreement, together with any and all (i) rights and privileges arising under applicable law with respect to such Pledgor’s use of any such patents, (ii) inventions and improvements described and claimed therein,
(iii) reissues, divisions, continuations, renewals, extensions and continuations-in-part thereof and amendments thereto, (iv) income, fees, royalties, damages, claims and payments now or hereafter due and/or payable thereunder and with
respect thereto including damages and payments for past, present or future infringements thereof, (v) rights corresponding thereto throughout the world and (vi) rights to sue for past, present or future infringements thereof. 

“Patent Security Agreement” shall mean an agreement substantially in the form of Exhibit 5 hereto.

  
 7 

 “Perfection Certificate” shall have the meaning assigned to such term in
the Credit Agreement. 
 “Permitted Liens” shall have the meaning assigned to such term in the Credit
Agreement. 
 “Pledge Amendment” shall have the meaning assigned to such term in Section 5.1
hereof. 
 “Pledged Deposit Accounts” means each Deposit Account any Pledgor at any time opens or maintains,
other than (A) Excluded Accounts or (B) Deposit Accounts the daily balance of which does not at any time exceed $1,000,000 for any such account or $5,000,000 for all such accounts. 

“Pledged Securities” shall mean, collectively, with respect to each Pledgor, (i) all issued and outstanding Equity
Interests set forth on Schedule P-2 to this Agreement as being owned by such Pledgor, and all options, warrants, rights, agreements and additional Equity Interests of whatever class of any such issuer acquired by such Pledgor (including by
issuance), together with all rights, privileges, authority and powers of such Pledgor relating to such Equity Interests in each such issuer or under any Organization Document of each such issuer, and the certificates, instruments and agreements
representing such Equity Interests and any and all interest of such Pledgor in the entries on the books of any financial intermediary pertaining to such Equity Interests, (ii) all Equity Interests of any issuer, which Equity Interests are
hereafter acquired by such Pledgor (including by issuance) and all options, warrants, rights, agreements and additional Equity Interests of whatever class of any such issuer acquired by such Pledgor (including by issuance), together with all rights,
privileges, authority and powers of such Pledgor relating to such Equity Interests or under any Organization Document of any such issuer, and the certificates, instruments and agreements representing such Equity Interests and any and all interest of
such Pledgor in the entries on the books of any financial intermediary pertaining to such Equity Interests, from time to time acquired by such Pledgor in any manner, and (iii) all Equity Interests issued in respect of the Equity Interests
referred to in clause (i) or (ii) upon any consolidation or merger of any issuer of such Equity Interests; provided, that, Pledged Securities shall not include Pledged Securities that otherwise constitute Excluded Property; provided,
further that Pledgors shall not be required to deliver to the Administrative Agent certificates representing Equity Interest of any Immaterial Subsidiary and Joint Ventures so long as there exists no other Lien upon the Equity Interest of any such
Immaterial Subsidiary or Joint Venture other than a lien permitted by Section 7.01(a) of the Credit Agreement (and for the avoidance of doubt the Administrative Agent’s Liens shall extend to Equity Interest of all Immaterial Subsidiaries
and Joint Ventures), subject to the terms of the Intercreditor Agreement, Section 7.01(l) of the Credit Agreement, subject to the terms of the 2015 Note Intercreditor Agreement, Section 7.01(m)(i) of the Credit Agreement and subject to and
in accordance with the terms of the Acknowledgment and Section 7.01(m)(ii) of the Credit Agreement, holders of the Series G Notes. 
 “Pledgor” shall have the meaning assigned to such term in the Preamble hereof. 

  
 8 

 “Proceeds” shall have the meaning assigned to such term in
Section 2.1. 
 “Receivables” shall mean all (i) Accounts, (ii) Chattel Paper,
(iii) Payment Intangibles, (iv) General Intangibles, (v) Instruments and (vi) other rights to payment, whether or not earned by performance, for goods or other property sold, leased, licensed, assigned or otherwise disposed of,
or services rendered or to be rendered, regardless of how classified under the UCC together with all of Pledgors’ rights, if any, in any goods or other property giving rise to such right to payment and all Collateral Support and Supporting
Obligations related thereto and all Records relating thereto. 
 “Records” means information that is inscribed
on a tangible medium or which is stored in an electronic or other medium and is retrievable in perceivable form. 

“Registered” means issued by, registered with, renewed by or the subject of a pending application before any
Governmental Authority or Internet domain name registrar. 
 “Revolving Loan Priority Collateral” shall have
the meaning assigned to such term in the Intercreditor Agreement. 
 “Secured Hedge Agreement” means a Hedge
Agreement with a Secured Swap Counterparty the purpose of which is to hedge interest rates in respect of the Loans. 

“Secured Swap Counterparty” means each Person that is a “Lender” under and as defined in the ABL Facility at
the time it enters into a Secured Hedge Agreement, in its capacity as a counterparty to such Secured Hedge Agreement. 

“Securities Account Control Agreement” shall mean an agreement in a form that is reasonably satisfactory to the
Administrative Agent establishing the Administrative Agent’s Control with respect to any Securities Account. 

“Security Agreement Supplement” shall mean an agreement substantially in the form of Exhibit 3 hereto.

 “Securities Collateral” shall mean, collectively, the Pledged Securities, the Intercompany Notes and the
Distributions. 
 “Secured Parties” shall have the meaning assigned to such term in the Credit Agreement.

 “Trademarks” shall mean, collectively, with respect to each Pledgor, all trademarks (including service
marks), slogans, logos, certification marks, trade dress, uniform resource locations (URL’s), domain names, corporate names and trade names, whether registered or unregistered, owned by or assigned to such Pledgor and all registrations and
applications for the foregoing (whether statutory or common law and whether established or registered in the United States or any other country or any political subdivision thereof), including those set forth on Schedule T to this Agreement,
together with any and all (i) rights and privileges arising under applicable law with respect to such Pledgor’s use of any trademarks, (ii) reissues, continuations, 

  
 9 

 
extensions and renewals thereof and amendments thereto, (iii) income, fees, royalties, damages and payments now and hereafter due and/or payable thereunder and with respect thereto,
including damages, claims and payments for past, present or future infringements thereof, (iv) rights corresponding thereto throughout the world and (v) rights to sue for past, present and future infringements thereof. 

“Trademark Security Agreement” shall mean an agreement substantially in the form of Exhibit 6 hereto.

 “UCC” shall mean the Uniform Commercial Code as in effect from time to time in the State of New York;
provided, that, at any time, if by reason of mandatory provisions of law, any or all of the perfection or priority of the Administrative Agent’s and the Secured Parties’ security interest in any item or portion of the
Collateral is governed by the Uniform Commercial Code as in effect in a jurisdiction other than the State of New York, the term “UCC” shall mean the Uniform Commercial Code as in effect, at such time, in such other jurisdiction for
purposes of the provisions hereof relating to such perfection or priority and for purposes of definitions relating to such provisions. 
 “Voting Stock” shall mean, with respect to any person, any class or classes of Equity Interests pursuant to which the holders thereof have the general voting power under ordinary
circumstances to elect at least a majority of the Board of Directors of such person. 
 SECTION 1.2 Interpretation. The
rules of interpretation specified in the Credit Agreement (including Section 1.02 thereof) shall be applicable to this Agreement. 
 SECTION 1.3 Perfection Certificate. The Administrative Agent and each Secured Party agree that the Perfection Certificate and all descriptions of Collateral, schedules, amendments and supplements
thereto are and shall at all times remain a part of this Agreement. 
 ARTICLE II 

GRANT OF SECURITY AND OBLIGATIONS 
 SECTION 2.1 Grant of Security Interest. As collateral security for the payment and performance in full of all the Obligations, each Pledgor hereby pledges and grants to the Administrative Agent for
the benefit of the Secured Parties, a lien on and security interest in all of the right, title and interest of such Pledgor in, to and under the following property, wherever located, and whether now existing or hereafter arising or acquired from
time to time (collectively, the “Collateral”): 
 (i) all Accounts; 

(ii) all Equipment, Goods, Inventory and Fixtures; 

(iii) all Documents, Instruments and Chattel Paper; 

  
 10 

 (iv) all Securities Collateral; 

(v) all Investment Property; 
 (vi) all Intellectual Property Collateral; 
 (vii) all General
Intangibles; 
 (viii) all Money, all Cash Equivalents and all Deposit Accounts; 

(ix) all Supporting Obligations; 
 (x) all Commercial Tort Claims, including those set forth on Schedule 3.4(f) hereto; 
 (xi) Letters of Credit and Letter of Credit Rights; 
 (xii) all
Books and Records relating to the Collateral; and 
 (xiii) to the extent not covered by clauses (i) through
(xii) of this sentence, all other personal property of such Pledgor, whether tangible or intangible, and all of the proceeds (as such term is defined in the UCC) and products, whether tangible or intangible, of any of the foregoing, including
proceeds of insurance or Commercial Tort Claims covering or relating to any or all of the foregoing, and any and all Accounts, Books, Chattel Paper, Deposit Accounts, Equipment, Fixtures, General Intangibles, Inventory, Investment Property,
Securities Collateral, Instruments, Documents, Supporting Obligations, Money, Intellectual Property Collateral or other tangible or intangible property resulting from the sale, lease, license, exchange, collection, or other disposition of any of the
foregoing, the proceeds of any award in condemnation with respect to any of the foregoing, any rebates or refunds, whether for taxes or otherwise, and all proceeds of any such proceeds, or any portion thereof or interest therein, and the proceeds
thereof, and all proceeds of any loss of, damage to, or destruction of the above, whether insured or not insured, and, to the extent not otherwise included, any indemnity, warranty, or guaranty payable by reason of loss or damage to, or otherwise
with respect to any of the foregoing (the “Proceeds”). Without limiting the generality of the foregoing, the term “Proceeds” includes whatever is receivable or received when Investment Property, Securities Collateral or
proceeds are sold, exchanged, collected, or otherwise disposed of, whether such disposition is voluntary or involuntary, and includes proceeds of any indemnity or guaranty payable to any Pledgor or Administrative Agent from time to time with respect
to any of the Investment Property. 

  
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 Notwithstanding anything to the contrary contained in clauses (i) through
(xii) above, the security interest created by this Agreement shall not extend to, and the term “Collateral” shall not include, any Excluded Property. 
 SECTION 2.2 Security for Obligations. The security interest created hereby secures the payment and performance of the Obligations, whether now existing or arising hereafter. Without limiting the
generality of the foregoing, this Agreement secures the payment of all amounts which constitute part of the Obligations and would be owed by Pledgors, or any of them, to the Administrative Agent, any of the other Secured Parties or any of them.

 SECTION 2.3 Filings. (i) Each Pledgor hereby irrevocably authorizes the Administrative Agent at any time and from
time to time to file in any relevant jurisdiction any financing statements (including fixture filings) and amendments thereto that contain the information required by Article 9 of the Uniform Commercial Code of each applicable jurisdiction for the
filing of any financing statement or amendment relating to the Collateral, including (i) whether such Pledgor is an organization, the type of organization and any organizational identification number issued to such Pledgor, (ii) any
financing or continuation statements or other documents without the signature of such Pledgor where permitted by law, including the filing of a financing statement describing the Collateral as “all now existing or hereafter arising or acquired
property and assets of the Pledgor, wherever located” and (iii) in the case of a financing statement filed as a fixture filing or covering Collateral constituting minerals or the like to be extracted or timber to be cut, a sufficient
description of the real property to which such Collateral relates. Each Pledgor agrees to provide all information described in the immediately preceding sentence to the Administrative Agent promptly upon request by the Administrative Agent.

 (a) Each Pledgor hereby further authorizes the Administrative Agent to file filings with the United States Patent and
Trademark Office or United States Copyright Office (or any successor office or any similar office in any other country), including this Agreement, the Copyright Security Agreement, the Patent Security Agreement and the Trademark Security Agreement,
or other documents for the purpose of perfecting, confirming, continuing, enforcing or protecting the security interest granted by such Pledgor hereunder, without the signature of such Pledgor, and naming such Pledgor, as debtor, and the
Administrative Agent, as secured party. 
 ARTICLE III 
 PERFECTION; SUPPLEMENTS; FURTHER ASSURANCES; 
 USE OF COLLATERAL 

SECTION 3.1 Delivery of Certificated Securities Collateral. Except as expressly set forth on Schedule 6.17 of the Credit Agreement
with respect to post-Closing Date deliverables, each Pledgor represents and warrants that all certificates, agreements or instruments representing or evidencing the Securities Collateral in existence on the date hereof have been

  
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delivered to the Administrative Agent in suitable form for transfer by delivery or accompanied by duly executed instruments of transfer or assignment in blank and that the Administrative Agent
has a perfected first priority security interest therein. Each Pledgor hereby agrees that all certificates, agreements or instruments representing or evidencing Securities Collateral acquired by such Pledgor after the date hereof shall promptly (but
in any event within ten (10) days after receipt thereof by such Pledgor) be delivered to and held by or on behalf of the Administrative Agent pursuant hereto. All certificated Securities Collateral shall be in suitable form for transfer by
delivery or shall be accompanied by duly executed instruments of transfer or assignment in blank, all in form and substance reasonably satisfactory to the Administrative Agent. The Administrative Agent shall have the right, at any time upon the
occurrence and during the continuance of any Event of Default, to endorse, assign or otherwise transfer to or to register in the name of the Administrative Agent or any of its nominees or endorse for negotiation any or all of the Securities
Collateral, without any indication that such Securities Collateral is subject to the security interest hereunder. In addition, upon the occurrence and during the continuance of an Event of Default, the Administrative Agent shall have the right at
any time to exchange certificates representing or evidencing Securities Collateral for certificates of smaller or larger denominations. 
 SECTION 3.2 Perfection of Uncertificated Securities Collateral. Except as expressly set forth on Schedule 6.17 of the Credit Agreement with respect to post-Closing Date deliverables, each Pledgor
represents and warrants that the Administrative Agent has a perfected first priority security interest in all uncertificated Pledged Securities pledged by it hereunder that are in existence on the date hereof. Each Pledgor hereby agrees that if any
of the Pledged Securities are at any time not evidenced by certificates of ownership, then each applicable Pledgor shall, to the extent permitted by applicable law, (i) cause the issuer to execute and deliver to the Administrative Agent an
acknowledgment of the pledge of such Pledged Securities substantially in the form of Exhibit 1 hereto with such modifications as are reasonably satisfactory to the Administrative Agent and such Pledgor, (ii) if necessary or
desirable to perfect a security interest in such Pledged Securities, cause such pledge to be recorded on the equityholder register or the books of the issuer, execute any customary pledge forms or other documents necessary or appropriate to complete
the pledge and give the Administrative Agent the right to transfer such Pledged Securities under the terms hereof, and (iii) after the occurrence and during the continuance of any Event of Default, upon request by the Administrative Agent,
(A) cause the Organization Documents of each such issuer that is a Subsidiary of the Borrower to be amended to provide that such Pledged Securities shall be treated as “securities” for purposes of the UCC and (B) cause such
Pledged Securities to become certificated and delivered to the Administrative Agent in accordance with the provisions of Section 3.1. 
 SECTION 3.3 Financing Statements and Other Filings; Maintenance of Perfected Security Interest. Except as expressly set forth on Schedule 6.17 of the Credit Agreement with respect to post-Closing
Date deliverables, each Pledgor represents and warrants that all financing statements, agreements, instruments and other documents necessary to perfect the security interest granted by it to the Administrative Agent in respect of the Collateral have
been delivered to the Administrative Agent in completed and, to the extent necessary or appropriate, duly executed form for filing in each governmental, municipal or other office specified in Schedule 3.3 to this Agreement. Each Pledgor
agrees that at the sole cost and 

  
 13 

 
expense of the Pledgors, such Pledgor will maintain the security interest created by this Agreement in the Collateral as a perfected first priority security interest subject to Permitted Liens.

 SECTION 3.4 Other Actions. In order to further ensure the attachment, perfection and priority of, and the ability of
the Administrative Agent to enforce, the Administrative Agent’s security interest in the Collateral, each Pledgor represents and warrants (as to itself) as follows and agrees, in each case at such Pledgor’s own expense, to take the
following actions with respect to the following Collateral: 
 (a) Instruments and Tangible Chattel Paper.
As of the date hereof, no amounts payable under or in connection with any of the Collateral are evidenced by any Instrument or Tangible Chattel Paper other than such Instruments and Tangible Chattel Paper listed in Schedule 3.4(a) to
this Agreement. Each Instrument and each item of Tangible Chattel Paper listed in Schedule 3.4(a) to this Agreement has been properly endorsed, assigned and delivered to the Administrative Agent, accompanied by instruments of transfer or
assignment duly executed in blank. If any amount then payable under or in connection with any of the Collateral shall be evidenced by any Instrument or Tangible Chattel Paper, and such amount, together with all amounts payable evidenced by any
Instrument or Tangible Chattel Paper not previously delivered to the Administrative Agent exceeds $1,000,000 in the aggregate for all Pledgors, the Pledgor acquiring such Instrument or Tangible Chattel Paper shall promptly (but in any event within
ten (10) days after receipt thereof) endorse, assign and deliver the same to the Administrative Agent, accompanied by such instruments of transfer or assignment duly executed in blank as the Administrative Agent may from time to time specify.

 (b) Deposit Accounts. 

(i) As of the date hereof, no Pledgor has any Deposit Accounts (other than segregated Deposit Accounts constituting (and
the balance of which consists solely of funds set aside in connection with) payroll funding accounts, accounts maintained for contributions to health and benefit plans, withholding accounts, fiduciary accounts or any accounts maintained outside the
United States (collectively, “Excluded Accounts”)) other than the accounts listed in Schedule 3.4(b) to this Agreement. As of the date hereof, no Pledgor has executed any Account Control Agreement with respect to any Deposit
Account, Securities Account or Commodity Account. The Administrative Agent has a first priority security interest in each pledged Securities Account and Commodity Account, which security interest is perfected by Control (the Administrative Agent
shall have Control upon the execution and delivery of a Account Control Agreement (which for the avoidance of doubt must be executed and delivered not later than the date set forth in Schedule 6.17 to the Credit Agreement)). Each Pledgor shall
establish and maintain cash management services of a type and on terms reasonably satisfactory to Administrative Agent (which cash management services as established and maintained on the date hereof are reasonably satisfactory to Administrative
Agent) at one or more of the banks set forth on Schedule 3.4(b) to this Agreement (each a “Controlled Account Bank”), and shall take reasonable steps to ensure that its cash management system (including, the remittance of
payments by such Pledgor’s Account Debtors and the deposit of Collections of such Pledgor) into Deposit Accounts at a Controlled Account Bank) shall continue to operate, in all material respects, in a manner as it does on the date hereof.
Except with respect to the Certificate of Deposit number 406231 of Parent maintained at Bank of America, N.A., no Pledgor shall grant Control of any Deposit Account to any person other than the Administrative Agent, the ABL Agent (subject to the
terms 

  
 14 

 
of the Intercreditor Agreement), as otherwise permitted by the other Intercreditor Arrangement and subject to and in accordance with the Acknowledgment and Section 7.01(m)(ii) of the Credit
Agreement, holders of the Series G Notes. 
 (ii) Each Pledgor shall establish and maintain Deposit Account
Control Agreements for each Pledged Deposit Account with Administrative Agent and the applicable Controlled Account Bank, in form and substance reasonably acceptable to the Administrative Agent not later than the date and time set forth in Schedule
6.17 to the Credit Agreement. Each such Deposit Account Control Agreement shall provide, among other things, unless otherwise agreed to in writing by the Administrative Agent that (A) the Controlled Account Bank will comply with any
instructions originated by Administrative Agent directing the disposition of the funds in such Deposit Account without further consent by the applicable Pledgor, (B) the Controlled Account Bank waives, subordinates, or agrees not to exercise
any rights of setoff or recoupment or any other claim against the applicable Deposit Account other than for payment of its service fees and other charges directly related to the administration of such Deposit Account and for returned checks or other
items of payment, and (C) upon the instruction of the Administrative Agent (an “Activation Instruction”), the Controlled Account Bank will forward by daily sweep all amounts in the applicable Deposit Account to the Agent’s
Account. Administrative Agent agrees not to issue an Activation Instruction with respect to the Deposit Accounts unless a Cash Dominion Event, a Default or an Event of Default has occurred and is continuing at the time such Activation Instruction is
issued. 
 (iii) So long as no Cash Dominion Event, Default or Event of Default has occurred and is continuing,
the Pledgors may add or replace a Controlled Account Bank or Deposit Account; provided, that, (A) the Borrower shall provide Administrative Agent with prompt written notice of any such new Controlled Account Bank or Deposit
Account that is a Pledged Deposit Account, and (B) within thirty (30) days (or such longer period as Administrative Agent may agree in writing in its sole discretion) of opening such new Deposit Account that is a Pledged Deposit Account,
the applicable Pledgor and such applicable Controlled Account Bank shall have executed and delivered to the Administrative Agent a Deposit Account Control Agreement. 

(c) Securities Accounts and Commodity Accounts. (i) As of the date hereof, no Pledgor has any Securities
Accounts or Commodity Accounts other than those listed in Schedule 3.4(c) to this Agreement. The Administrative Agent has a first priority security interest in each pledged Securities Account and Commodity Account, which security interest is
perfected by Control. No Pledgor shall hereafter establish and maintain any Securities Account or Commodity Account with any Securities Intermediary or Commodity Intermediary unless as promptly as practicable after the establishment thereof such
Securities Intermediary or Commodity Intermediary, as the case may be, and such Pledgor shall have duly executed and delivered a Account Control Agreement with respect to such Securities Account or Commodity Account, as the case may be. The
requirement in the preceding sentence shall not apply to any Securities Account or Commodity Account the daily balance of which does not exceed $1,000,000 for any such account or $1,000,000 for all such accounts. Each Pledgor shall accept any cash
and Investment Property in trust for the benefit of the Administrative Agent and within one (1) Business Day of actual receipt thereof, deposit any and all cash and Investment Property received by it into a Deposit Account or Securities Account
subject to Administrative Agent’s Control. The Administrative Agent agrees with each Pledgor that the Administrative Agent shall not give any Entitlement Orders or instructions or directions to any issuer of uncertificated securities,
Securities Intermediary or Commodity Intermediary, and shall not withhold its consent to the exercise of any withdrawal or dealing rights by such Pledgor, unless a Cash Dominion Event or 

  
 15 

 
an Event of Default has occurred and is continuing or, after giving effect to any such investment and withdrawal rights, would occur. Each Pledgor agrees that once the Administrative Agent sends
an instruction or notice to a Securities Intermediary or Commodity Intermediary exercising its Control over any Securities Account and Commodity Account such Pledgor shall not give any instructions or orders with respect to such Securities Account
and Commodity Account including, without limitation, instructions for investment, distribution or transfer of any Investment Property or financial asset maintained in such Securities Account or Commodity Account. No Pledgor shall grant Control over
any Investment Property to any person other than the Administrative Agent, the ABL Agent (subject to the terms of the Intercreditor Agreement), as otherwise permitted by the other Intercreditor Arrangement and subject to and in accordance with the
Acknowledgment and Section 7.01(m)(ii) of the Credit Agreement, holders of the Series G Notes. 
 (ii) As
between the Administrative Agent and the Pledgors, the Pledgors shall bear the investment risk with respect to the Investment Property and Pledged Securities, and the risk of loss of, damage to, or the destruction of the Investment Property and
Pledged Securities, whether in the possession of, or maintained as a Security Entitlement or deposit by, or subject to the Control of, the Administrative Agent, a Securities Intermediary, a Commodity Intermediary, any Pledgor or any other person.

 (d) Electronic Chattel Paper and Transferable Records. As of the date hereof, no amount under or in
connection with any of the Collateral is evidenced by any Electronic Chattel Paper or any “transferable record” (as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in
Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction) other than such Electronic Chattel Paper and transferable records listed in Schedule 3.4(d) to this Agreement. If any amount payable under
or in connection with any of the Collateral shall be evidenced by any Electronic Chattel Paper or any transferable record, the Pledgor acquiring such Electronic Chattel Paper or transferable record shall promptly notify the Administrative Agent
thereof and shall take such action as is reasonably necessary to grant the Administrative Agent control of such Electronic Chattel Paper under Section 9-105 of the UCC or control under Section 201 of the Federal Electronic Signatures in
Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The requirement in the preceding sentence shall not apply to the
extent that such amount, together with all amounts payable evidenced by Electronic Chattel Paper or any transferable record in which the Administrative Agent has not been vested control within the meaning of the statutes described in the immediately
preceding sentence, does not exceed $1,000,000 in the aggregate for all Pledgors. The Administrative Agent agrees with such Pledgor that the Administrative Agent will arrange, pursuant to procedures satisfactory to the Administrative Agent and so
long as such procedures will not result in the Administrative Agent’s loss of control, for the Pledgor to make alterations to the Electronic Chattel Paper or transferable record permitted under Section 9-105 of the UCC or, as the case may
be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless a Cash Dominion Event or an
Event of Default has occurred and is continuing or would occur after taking into account any action by such Pledgor with respect to such Electronic Chattel Paper or transferable record. 

(e) Letter-of-Credit Rights. If the Pledgors (or any of them) are or become the beneficiary of Letters of Credit
having a face amount or value of $1,000,000 or more in the 

  
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aggregate, then the applicable Pledgor or Pledgors shall promptly (and in any event within ten (10) Business Days after becoming a beneficiary), notify Administrative Agent thereof and,
promptly (and in any event within twelve (12) Business Days) after request by Administrative Agent, enter into an agreement with Administrative Agent, to the extent applicable, the ABL Agent and the issuer or confirming bank with respect to
Letter-of-Credit Rights assigning such Letter-of-Credit Rights to Administrative Agent and directing all payments thereunder to Agent’s Account, all in form and substance satisfactory to Administrative Agent. 

(f) Commercial Tort Claims. As of the date hereof, no Pledgor has any Commercial Tort Claims having a value, or
involving an asserted claim, that exceed $250,000 in amount, except as set forth on Schedule 3.4(f) to this Agreement. If the Pledgors (or any of them) obtain Commercial Tort Claims having a value, or involving an asserted claim, in the
amount of $250,000 or more in the aggregate for all Commercial Tort Claims, then the applicable Pledgor or Pledgors shall promptly (and in any event within ten (10) Business Days of obtaining such Commercial Tort Claim), notify Administrative
Agent upon incurring or otherwise obtaining such Commercial Tort Claims and, promptly (and in any event within twelve (12) Business Days) after request by Administrative Agent, amend Schedule 3.4(f) to this Agreement to describe such
Commercial Tort Claims in a manner that reasonably identifies such Commercial Tort Claims and which is otherwise reasonably satisfactory to Administrative Agent, and hereby authorizes the filing of additional financing statements or amendments to
existing financing statements describing such Commercial Tort Claims, and agrees to do such other acts or things deemed necessary or desirable by Administrative Agent to give Administrative Agent a first priority, perfected security interest in any
such Commercial Tort Claim. 
 (g) Real Property; Fixtures. Each Pledgor covenants and agrees that upon
the acquisition of any fee interest in Material Real Property it will promptly (and in any event within five (5) Business Days of acquisition) notify Administrative Agent of the acquisition of such Real Property and will grant to Administrative
Agent, for the benefit of the Secured Parties, within sixty (60) days of such acquisition, a first priority Mortgage on each fee interest in Material Real Property now or hereafter owned by such Pledgor and shall deliver documentation required
by Schedule 4.01(a)(iv) to the Credit Agreement and such other documentation and opinions, in form and substance satisfactory to Administrative Agent, in connection with the grant of such Mortgage as Administrative Agent shall reasonably
request, including title insurance policies, financing statements, fixture filings and environmental audits and such Pledgor shall pay all recording costs, intangible taxes and other fees and costs (including reasonable attorneys fees and expenses)
incurred in connection therewith. 
 SECTION 3.5 Joinder of Additional Pledgors. The Pledgors shall cause each Subsidiary
of the Borrower (other than an Excluded Subsidiary) which, from time to time, after the date hereof shall be required to pledge any assets to the Administrative Agent for the benefit of the Secured Parties pursuant to the provisions of the Credit
Agreement, (a) to execute and deliver to the Administrative Agent (i) a Security Agreement Supplement substantially in the form of Exhibit 3 hereto and (ii) a Perfection Certificate, in each case, within thirty
(30) days of the date on which it was acquired or created or (b) in the case of a Foreign Subsidiary required to pledge any assets to the Administrative Agent, to execute and deliver to the Administrative Agent such documentation as the
Administrative Agent shall reasonably request and, in each case with respect to clauses (a) and (b) above, upon such execution and delivery, such Subsidiary shall constitute a “Pledgor” for all purposes hereunder with the same
force and effect as if originally named as a Pledgor herein. The execution and delivery of such Security Agreement 

  
 17 

 
Supplement shall not require the consent of any Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any
new Pledgor as a party to this Agreement. 
 SECTION 3.6 Supplements; Further Assurances. Each Pledgor shall take such
further actions, and execute and/or deliver to the Administrative Agent such additional financing statements, amendments, assignments, agreements, supplements, powers and instruments, as the Administrative Agent may in its reasonable judgment deem
necessary or appropriate in order to create, perfect, preserve and protect the security interest in the Collateral as provided herein and the rights and interests granted to the Administrative Agent hereunder, to carry into effect the purposes
hereof or better to assure and confirm the validity, enforceability and priority of the Administrative Agent’s security interest in the Collateral or permit the Administrative Agent to exercise and enforce its rights, powers and remedies
hereunder with respect to any Collateral, including the filing of financing statements, continuation statements and other documents (including this Agreement) under the Uniform Commercial Code (or other similar laws) in effect in any jurisdiction
with respect to the security interest created hereby and the execution and delivery of Account Control Agreements, all in form reasonably satisfactory to the Administrative Agent and in such offices (including the United States Patent and Trademark
Office and the United States Copyright Office) wherever required by law to perfect, continue and maintain the validity, enforceability and priority of the security interest in the Collateral as provided herein and to preserve the other rights and
interests granted to the Administrative Agent hereunder, as against third parties, with respect to the Collateral. Without limiting the generality of the foregoing, each Pledgor shall make, execute, endorse, acknowledge, file or refile and/or
deliver to the Administrative Agent from time to time upon reasonable request by the Administrative Agent such lists, schedules, descriptions and designations of the Collateral, copies of warehouse receipts, receipts in the nature of warehouse
receipts, bills of lading, documents of title, vouchers, invoices, schedules, confirmatory assignments, supplements, additional security agreements, conveyances, financing statements, transfer endorsements, powers of attorney, certificates, reports
and other assurances or instruments as the Administrative Agent shall reasonably request. If an Event of Default (or with respect to Collateral for which a Cash Dominion Event) has occurred and is continuing, the Administrative Agent may institute
and maintain, in its own name or in the name of any Pledgor, such suits and proceedings as the Administrative Agent may be advised by counsel shall be necessary or expedient to prevent any impairment of the security interest in or the perfection
thereof in the Collateral. All of the foregoing shall be at the sole cost and reasonable expense of the Pledgors. 
 SECTION 3.7
Agent’s Right to Perform Contracts, Exercise Rights, etc. Upon the occurrence and during the continuance of an Event of Default, subject to the terms of the Intercreditor Arrangements, as applicable, Administrative Agent (or its
designee) (a) shall have the right, subject to the terms and conditions of such Intellectual Property Licenses, to exercise any Pledgor’s rights under Intellectual Property Licenses (including the right to use any patents, trademarks and
copyrights licensed to such Pledgor pursuant to such Intellectual Property Licenses in connection with the enforcement of Administrative Agent’s rights hereunder, including the right to prepare for sale and sell any and all Inventory and
Equipment now or hereafter owned by any Pledgor and now or hereafter covered by such licenses, and (b) shall 

  
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have the right to request that any Equity Interests that is pledged hereunder be registered in the name of Administrative Agent or any of its nominees. 

ARTICLE IV 

REPRESENTATIONS, WARRANTIES AND COVENANTS 
 Each Pledgor represents, warrants and covenants as follows: 
 SECTION 4.1
Title. Except for the security interest granted to the Administrative Agent for the benefit of the Secured Parties pursuant to this Agreement and Permitted Liens, such Pledgor owns and has rights and, as to Collateral acquired by it from time
to time after the date hereof, will own and have rights in each item of Collateral pledged by it hereunder, free and clear of any and all Liens or claims of others. 
 SECTION 4.2 Validity of Security Interest. The security interest in and Lien on the Collateral granted to the Administrative Agent for the benefit of the Secured Parties hereunder constitutes
(a) a legal and valid security interest in all the Collateral securing the payment and performance of the Obligations, and (b) a perfected security interest in all the Collateral (except that solely with respect to the Collateral that is
listed on Schedule 6.17, the Administrative Agent for the benefit of the Secured Parties shall have a perfected security interest in such Collateral upon the completion of only those actions that are expressly set forth on such Schedule 6.17 with
respect to such Collateral). The security interest and Lien granted to the Administrative Agent for the benefit of the Secured Parties pursuant to this Agreement in and on the Collateral will at all times constitute a perfected, continuing security
interest therein, prior to all other Liens on the Collateral subject to Permitted Liens. 
 SECTION 4.3 Defense of Claims;
Transferability of Collateral. Each Pledgor shall, at its own cost and reasonable expense, defend title to the Collateral pledged by it hereunder and the security interest therein and Lien thereon granted to the Administrative Agent and the
priority thereof against all claims and demands of all persons, at its own cost and expense, at any time claiming any interest therein adverse to the Administrative Agent or any other Secured Party other than Permitted Liens. There is no agreement,
order, judgment or decree, and no Pledgor shall enter into any agreement or take any other action, that would restrict the transferability of any of the material Collateral or otherwise materially impair or conflict with such Pledgor’s
obligations or the rights of the Administrative Agent hereunder. 
 SECTION 4.4 Other Financing Statements. It has not
filed, nor authorized any third party to file (nor will there be), any valid or effective financing statement (or similar statement, instrument of registration or public notice under the law of any jurisdiction) covering or purporting to cover any
interest of any kind in the Collateral, except such as have been filed in favor of the Administrative Agent pursuant to this Agreement or in favor of any holder of a Permitted Lien with respect to such Permitted Lien or financing statements. No
Pledgor shall execute, authorize or permit to be filed in any public office any financing statement (or similar statement, instrument of registration or public notice under the law of any jurisdiction) relating to

  
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any Collateral, except financing statements and other statements and instruments filed or to be filed in respect of and covering the security interests granted by such Pledgor to any holder of
Permitted Liens. 
 SECTION 4.5 Location of Inventory and Equipment. No Pledgor will keep any Inventory and Equipment
(other than vehicles, Inventory and Equipment out for repair or in-transit) other than at locations identified on Schedule 4.5 and their chief executive offices; provided, that, (a) with respect to any location where
Inventory or Equipment of the Pledgors with a value in excess of $250,000 is or is to be located, the Borrower shall provide written notice to the Administrative Agent not less than ten (10) days prior to the date on which such Inventory or
Equipment is moved to such new location, (b) such new location is within the continental United States, (c) the aggregate amount of all Inventory at locations where the Administrative Agent has not received such notice shall not exceed
$250,000 collectively for all Pledgors and (d) at the time of such written notification, the Borrower (and the applicable Pledgor) uses its commercially reasonable efforts to provide the Administrative Agent a collateral access agreement with
respect thereto. 
 SECTION 4.6 Due Authorization and Issuance. All of the Pledged Securities existing on the date hereof
have been, and to the extent any Pledged Securities are hereafter issued, such Pledged Securities will be, upon such issuance, duly authorized, validly issued and fully paid and non-assessable to the extent applicable. 

SECTION 4.7 Collateral. All information set forth herein, including the schedules hereto, and all information contained in any
documents, schedules and lists heretofore delivered to any Secured Party, including the Perfection Certificate and the schedules thereto, in connection with this Agreement, in each case, relating to the Collateral, is accurate and complete in all
material respects. As of the date hereof, the Collateral described on the schedules to this Agreement, the Credit Agreement and the Perfection Certificate constitutes all of the property of such type of Collateral owned or held by the Pledgors,
except, that, the trade names and business names described on such schedules constitute, to the knowledge of such Pledgors, all of the trade names and business names owned or held by the Pledgors. 

SECTION 4.8 Insurance. In the event that the proceeds of any insurance claim are paid to any Pledgor after the Administrative
Agent has exercised its right to foreclose after an Event of Default, such Net Cash Proceeds shall be held in trust for the benefit of the Administrative Agent and immediately after receipt thereof shall be paid to the Administrative Agent for
application in accordance with the Credit Agreement. 
 SECTION 4.9 Chief Executive Office; Change of Name; Jurisdiction of
Organization-. No Pledgor will effect any change (i) to its legal name, (ii) in the location of any Pledgor’s chief executive office, (iii) except as expressly permitted under the Credit Agreement, in its identity or
organizational structure, (iv) in its organizational identification number, if any, or (v) in its jurisdiction of organization (in each case, including, except as expressly permitted under the Credit Agreement, by merging with or into any
other entity, reorganizing, dissolving, liquidating, reorganizing or organizing in any other jurisdiction), unless it shall have given the Administrative Agent prior written notice of such change and clearly describing such change and

  
 20 

 
providing such other information in connection therewith as the Administrative Agent may reasonably request not less than ten (10) days prior to the date thereof (or such shorter period
agreed to by the Administrative Agent). Each Pledgor agrees to promptly provide the Administrative Agent with certified Organizational Documents reflecting any of the changes described in the preceding sentence, to the extent applicable and at the
request of the Administrative Agent take all action necessary to maintain the perfection and priority of the security interest of the Administrative Agent for the benefit of the Secured Parties in the Collateral. 

ARTICLE V 

CERTAIN PROVISIONS CONCERNING SECURITIES COLLATERAL 
 SECTION 5.1 Pledge of Additional Securities Collateral. Each Pledgor shall, upon obtaining any Pledged Securities or Intercompany Notes (with an aggregate principal amount exceeding $1,000,000) of
any person required to be pledged hereunder or under the Credit Agreement, accept the same in trust for the benefit of the Administrative Agent and promptly (but in any event within thirty (30) days after receipt thereof) deliver to the
Administrative Agent a pledge amendment, duly executed by such Pledgor, in substantially the form of Exhibit 2 hereto (each, a “Pledge Amendment”), and the certificates and other documents required under
Section 3.1 and Section 3.2 hereof in respect of the additional Pledged Securities or Intercompany Notes which are to be pledged pursuant to this Agreement, and confirming the attachment of the Lien hereby created on and in
respect of such additional Pledged Securities or Intercompany Notes. Each Pledgor hereby authorizes the Administrative Agent to attach each Pledge Amendment to this Agreement and agrees that all Pledged Securities or Intercompany Notes listed on any
Pledge Amendment delivered to the Administrative Agent shall for all purposes hereunder be considered Collateral. 
 SECTION 5.2
Voting Rights; Distributions; etc. 
 (a) So long as no Event of Default shall have occurred and be continuing:

 (i) Each Pledgor shall be entitled to exercise any and all voting and other consensual rights pertaining to
the Securities Collateral or any part thereof for any purpose not inconsistent with the terms or purposes hereof, the Credit Agreement or any other document evidencing the Obligations; provided, that, no Pledgor shall in any event
exercise such rights in any manner which could reasonably be expected to have a Material Adverse Effect. 
 (ii)
Each Pledgor shall be entitled to receive and retain, and to utilize free and clear of the Lien hereof, any and all Distributions, but only if and to the extent made in accordance with the provisions of the Credit Agreement. 

(b) [Reserved.] 

  
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 (c) Upon the occurrence and during the continuance of any Event of Default, upon written
notice from the Administrative Agent: 
 (i) All rights of each Pledgor to exercise the voting and other
consensual rights it would otherwise be entitled to exercise pursuant to Section 5.2(a)(i) hereof shall immediately cease, and all such rights shall thereupon become vested in the Administrative Agent, which shall thereupon have the sole
right to exercise such voting and other consensual rights. 
 (ii) All rights of each Pledgor to receive
Distributions which it would otherwise be authorized to receive and retain pursuant to Section 5.2(a)(ii) hereof shall immediately cease and all such rights shall thereupon become vested in the Administrative Agent, which shall thereupon
have the sole right to receive and hold as Collateral such Distributions. 
 (d) Each Pledgor shall, at its sole cost and
expense, from time to time execute and deliver to the Administrative Agent appropriate instruments as the Administrative Agent may reasonably request in order to permit the Administrative Agent to exercise the voting and other rights which it may be
entitled to exercise pursuant to Section 5.2(c)(i) hereof and to receive all Distributions which it may be entitled to receive under Section 5.2(c)(ii) hereof. 

(e) All Distributions which are received by any Pledgor contrary to the provisions of Section 5.2(a)(ii) hereof shall be
received in trust for the benefit of the Administrative Agent, shall be segregated from other funds of such Pledgor and shall promptly be paid over to the Administrative Agent as Collateral in the same form as so received (with any necessary
endorsement). 
 SECTION 5.3 Defaults, etc. Each Pledgor hereby represents and warrants that (i) such Pledgor is not
in default in the payment of any portion of any mandatory capital contribution, if any, required to be made under any agreement to which such Pledgor is a party relating to the Pledged Securities pledged by it, and such Pledgor is not in violation
of any other provisions of any such agreement to which such Pledgor is a party, or otherwise in default or violation thereunder, (ii) no Securities Collateral pledged by such Pledgor is subject to any defense, offset or counterclaim, nor have
any of the foregoing been asserted or alleged against such Pledgor by any person with respect thereto, and (iii) as of the date hereof, there are no certificates, instruments, documents or other writings (other than the Organization Documents
and certificates representing such Pledged Securities that have been delivered to the Administrative Agent) which evidence any Pledged Securities of such Pledgor. 
 SECTION 5.4 Certain Agreements of Pledgors As Issuers and Holders of Equity Interests. 
 (a) In the case of each Pledgor which is an issuer of Securities Collateral, such Pledgor agrees to be bound by the terms of this Agreement relating to the Securities Collateral issued by it and will
comply with such terms insofar as such terms are applicable to it. 

  
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 (b) In the case of each Pledgor which is a partner, shareholder or member, as the case may
be, in a partnership, limited liability company or other entity, such Pledgor hereby consents to the extent required by the applicable Organization Document to the pledge by each other Pledgor, pursuant to the terms hereof, of the Pledged Securities
in such partnership, limited liability company or other entity and, upon the occurrence and during the continuance of an Event of Default, to the transfer of such Pledged Securities to the Administrative Agent or its nominee and to the substitution
of the Administrative Agent or its nominee as a substituted partner, shareholder or member in such partnership, limited liability company or other entity with all the rights, powers and duties of a general partner, limited partner, shareholder or
member, as the case may be. 
 (c) No Pledgor shall make or consent to any amendment or other modification or waiver with
respect to any Pledged Securities or Organization Document related thereto, or enter into any agreement or permit to exist any restriction with respect to any Pledged Securities if the same is prohibited pursuant to the Loan Documents. 

(d) Each Pledgor agrees that it will cooperate with Administrative Agent in obtaining all necessary approvals and making all necessary
filings under federal, state, local, or foreign law to effect the perfection of the security interest on the Pledged Securities or to effect any sale or transfer thereof. 
 (e) As to all Pledged Securities comprising of limited liability company or partnership interests, issued under any Organization Documents related thereto, each Pledgor hereby covenants that the Pledged
Securities issued pursuant to such agreement (i) are not and shall not be dealt in or traded on securities exchanges or in securities markets, (ii) do not and will not constitute investment company securities, and (iii) are not and
will not be held by such Pledgor in a securities account. In addition, none of the Organization Documents related to the Pledged Securities comprising of limited liability company or partnership interests provide or shall provide that such Pledged
Securities are securities governed by Article 8 of the Uniform Commercial Code as in effect in any relevant jurisdiction. 

ARTICLE VI 

CERTAIN PROVISIONS CONCERNING INTELLECTUAL 
 PROPERTY COLLATERAL 
 SECTION 6.1 Grant of Intellectual Property License.
For the purpose of enabling the Administrative Agent, upon the occurrence and during the continuance of an Event of Default, to exercise rights and remedies under Article IX hereof at such time as the Administrative Agent shall be lawfully
entitled to exercise such rights and remedies, and for no other purpose, each Pledgor hereby grants to the Administrative Agent (effective solely upon and during the continuance of an Event of Default and, subject to the terms and conditions of any
applicable Intellectual Property License) to the extent assignable, an irrevocable (with respect to any Intellectual Property License, solely during the period when such license is effective),
non-

  
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exclusive license worldwide to use, license or sublicense any of the Intellectual Property Collateral now owned or hereafter acquired by such Pledgor, wherever the same may be located. Such
license shall include access to all media in which any of the licensed items may be recorded or stored and to all computer programs used for the compilation or printout hereof. In connection with the rights and remedies of the Administrative Agent
pursuant to and in accordance with Article IX hereof, each Pledgor hereby irrevocably appoints and designates (effective solely upon and during the continuance of an Event of Default) the Administrative Agent as its designee, and authorizes the
Administrative Agent to act as its designee and agent, for purposes of selling any Inventory or other Goods of such Pledgor under the terms of any Intellectual Property License, whether pursuant to any sell off rights provided for therein or
otherwise and for purposes of taking any other action that such Pledgor may be entitled to take for the realization on any assets of such Pledgor under any Intellectual Property License. The foregoing, and any action by the Administrative Agent as
such designee and agent, shall not be construed to constitute the assumption by the Administrative Agent of any duties, obligations or liabilities of any Pledgor under any such Intellectual Property License or to cause the Administrative Agent to
have any such duties, obligations or liabilities. 
 SECTION 6.2 Certain Representations and Warranties. 

(a) Each Pledgor owns, or holds licenses in, all Intellectual Property Collateral that are necessary to the conduct of its business as
currently conducted. Subject to the terms and conditions of any applicable Intellectual Property Licenses, each Pledgor shall have the duty, with respect to Intellectual Property Collateral that is necessary in the conduct of such Pledgor’s
business, to protect and diligently enforce and defend at such Pledgor’s expense its Intellectual Property Collateral, which such Pledgor, in its reasonably business judgment, believes should be protected, enforced or defended, including,
promptly suing for infringement, misappropriation, or dilution and to recover any and all damages for the infringement, misappropriation, or dilution of any such Intellectual Property Collateral, and filing for opposition, interference, and
cancellation against conflicting intellectual property rights of any other Person. Each Pledgor hereby agrees that the second sentence of this Section 6.2(a) shall apply, in accordance with its terms, to any After-Acquired IP Collateral.

 (b) Subject to the terms and conditions of any applicable Intellectual Property Licenses and except as otherwise permitted
under the Credit Agreement, each Pledgor shall have the duty, with respect to Intellectual Property Collateral that is necessary in the conduct of such Pledgor’s business, at its own expense, (i) to prosecute diligently any trademark
application or service mark application that is part of the Trademarks pending as of the date hereof or hereafter until the termination of this Agreement, (ii) to prosecute diligently any patent application that is part of the Patents pending
as of the date hereof or hereafter until the termination of this Agreement, (iii) to take reasonable and necessary actions to preserve and maintain such Intellectual Property Collateral, and such Pledgor’s rights therein, including paying
all maintenance fees and filing of applications for renewal, affidavits of use, and affidavits of noncontestability, and (iv) to require all employees, consultants, and contractors of each Pledgor who were involved in the creation or
development of any such Intellectual Property Collateral that is material to such Pledgor or its business to sign agreements containing assignments of 

  
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Intellectual Property Collateral rights. Each Pledgor hereby agrees that this Section 6.2(b) shall apply, in accordance with its terms, to any After-Acquired IP Collateral 

(c) No slogan or other advertising device, product, process, method, substance, part or other material now employed, by the Pledgors or
any of their Subsidiaries infringes upon any rights held by any other Person, except as, either individually or in the aggregate, has not had or could not reasonably be expected to have a Material Adverse Effect. No claim or litigation regarding any
of the foregoing is pending or, to the best knowledge of the Pledgors, threatened, which, either individually or in the aggregate, has, or if adversely determined, could reasonably be expected to have, a Material Adverse Effect. 

(d) Subject to the terms and conditions of any applicable Intellectual Property Licenses, each Pledgor shall take reasonable steps to
maintain the confidentiality of the confidential Intellectual Property Collateral and any trade secret that is owned by or licensed to such Pledgor that, in each case, is necessary in the conduct of such Pledgor’s business, including, as
applicable (i) protecting the secrecy and confidentiality of its confidential information and trade secrets by having and enforcing a policy requiring all current employees, consultants, licensees, vendors and contractors with access to any
such information to execute appropriate confidentiality agreements; (ii) taking actions reasonably necessary to ensure that no trade secret falls into the public domain; and (iii) protecting the secrecy and confidentiality of the source
code of all software programs and applications of which it is the owner or licensee by having and enforcing a policy requiring any licensees (or sublicensees) of such source code to enter into license agreements with commercially reasonable use and
non-disclosure restrictions. 
 SECTION 6.3 Protection of Administrative Agent’s Security. On a continuing basis,
each Pledgor shall, at its sole cost and reasonable expense, (i) promptly following its becoming aware thereof, notify the Administrative Agent of any adverse determination in any proceeding or the institution of any proceeding in any federal,
state or local court or administrative body or in the United States Patent and Trademark Office or the United States Copyright Office regarding any Patents, Trademarks or Copyrights that are Registered, such Pledgor’s right to register such
Intellectual Property Collateral or its right to keep and maintain such registration in full force and effect, (ii) maintain all Intellectual Property Collateral as presently used and operated, not knowingly permit to lapse or become abandoned
any Intellectual Property Collateral, and not settle or compromise any pending or future litigation or administrative proceeding with respect to any such Intellectual Property Collateral, in each case except as shall be consistent with such
Pledgor’s commercially reasonable business judgment, (iii) upon such Pledgor obtaining knowledge thereof, promptly notify the Administrative Agent in writing of any event which may be reasonably expected to materially and adversely affect
the value or utility of any Intellectual Property Collateral that is material to such Pledgor or its business or the rights and remedies of the Administrative Agent in relation thereto including a levy or threat of levy or any legal process against
any such Intellectual Property Collateral, (iv) not license any Patents, Trademarks or Copyrights other than licenses entered into by such Pledgor in, or incidental to, the ordinary course of business, or amend or permit the amendment of any
Intellectual Property Licenses that is material to such Pledgor or its business in a manner that materially and adversely affects the right to receive payments thereunder, or in any manner that would materially impair the value of any such
Intellectual Property Collateral or the Lien on 

  
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and security interest in such Intellectual Property Collateral created therein hereby, without the consent of the Administrative Agent, and (v) diligently keep reasonably adequate records
respecting all Patents, Trademarks and Copyrights that are Registered. Each Pledgor agrees not to abandon any Intellectual Property Collateral, except as permitted under the Credit Agreement. 

SECTION 6.4 After-Acquired IP Collateral. If any Pledgor shall at any time after the date hereof (i) obtain any rights to any
additional Intellectual Property Collateral or (ii) become entitled to the benefit of any additional Intellectual Property Collateral or any renewal or extension thereof, including any reissue, division, continuation, or continuation-in-part of
any Intellectual Property Collateral (collectively, (i) and (ii) the “After-Acquired IP Collateral”), or any improvement on any Intellectual Property Collateral, the provisions hereof shall automatically apply thereto and
any such item of After-Acquired IP Collateral shall automatically constitute Intellectual Property Collateral as if such would have constituted Intellectual Property Collateral at the time of execution hereof and be subject to the Lien and security
interest created by this Agreement without further action by any party. To the extent that any After-Acquired IP Collateral is a Patent, Trademark or Copyright that is registered, the applicable Pledgor shall promptly provide to the Administrative
Agent written notice thereof (together with a list of application and/or registration numbers for all such additional Trademark, Patents and Copyrights) and confirm the attachment of the Lien and security interest created by this Agreement thereto
by execution of an instrument in form reasonably acceptable to the Administrative Agent and the filing of any instruments or statements as shall be reasonably necessary to create, preserve, protect or perfect the Administrative Agent’s security
interest in such After-Acquired IP Collateral. Further, each Pledgor authorizes the Administrative Agent to modify this Agreement by amending Schedules C, P-1 or T to this Agreement, as applicable, to include such After-Acquired
IP Collateral. 
 SECTION 6.5 Litigation. Unless there shall occur and be continuing any Event of Default, each Pledgor
shall have the right to commence and prosecute in its own name, as the party in interest, for its own benefit and at the sole cost and expense of the Pledgors, such applications for protection of the Intellectual Property Collateral and suits,
proceedings or other actions to prevent the infringement, counterfeiting, unfair competition, dilution, diminution in value or other damage as are necessary to protect the Intellectual Property Collateral. Upon the occurrence and during the
continuance of any Event of Default, the Administrative Agent shall have the right but shall in no way be obligated to file applications for protection of the Intellectual Property Collateral and/or bring suit in the name of any Pledgor, the
Administrative Agent or the Secured Parties to enforce the Intellectual Property Collateral and any license thereunder. In the event of such suit, each Pledgor shall, at the reasonable request of the Administrative Agent, do any and all lawful acts
and execute any and all documents requested by the Administrative Agent in aid of such enforcement and the Pledgors shall promptly reimburse and indemnify the Administrative Agent for all reasonable costs and expenses incurred by the Administrative
Agent in the exercise of its rights under this Section 6.5 in accordance with Section 10.04 of the Credit Agreement. In the event that the Administrative Agent shall elect not to bring suit to enforce the Intellectual
Property Collateral, each Pledgor agrees, at the reasonable request of the Administrative Agent, to take all commercially reasonable actions necessary, whether by suit, proceeding or other action, to prevent the infringement, counterfeiting, unfair

  
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competition, dilution, diminution in value of or other damage to any of the Intellectual Property Collateral by any person. 

SECTION 6.6 Secured Parties’ Duties. Pledgors acknowledge and agree that the Secured Parties shall have no duties with
respect to any Intellectual Property Collateral of any Pledgor. Without limiting the generality of this Section 6.6, Pledgors acknowledge and agree that no Secured Party shall be under any obligation to take any steps necessary to
preserve rights in the Intellectual Property Collateral against any other Person, but any Secured Party may do so at its option from and after the occurrence and during the continuance of an Event of Default, and all expenses incurred in connection
therewith (including reasonable fees and expenses of attorneys and other professionals) shall be for the sole account of Borrowers and shall be chargeable to the Loan Account. 
 ARTICLE VII 
 CERTAIN PROVISIONS CONCERNING RECEIVABLES 

SECTION 7.1 Maintenance of Records. Each Pledgor shall keep and maintain at its own cost and reasonable expense complete records
of each Receivable, in a manner consistent with prudent business practice, including records of all payments received, all credits granted thereon, all merchandise returned and all other documentation relating thereto. Each Pledgor shall, at such
Pledgor’s sole cost and reasonable expense, upon the Administrative Agent’s demand made at any time after the occurrence and during the continuance of any Event of Default, deliver all tangible evidence of Receivables, including all
documents evidencing Receivables and any books and records relating thereto to the Administrative Agent or to its representatives (copies of which evidence and books and records may be retained by such Pledgor). Upon the occurrence and during the
continuance of any Event of Default, the Administrative Agent may transfer a full and complete copy of any Pledgor’s books, records, credit information, reports, memoranda and all other writings relating to the Receivables to and for the use by
any person that has acquired or is contemplating acquisition of an interest in such Receivables or the Administrative Agent’s security interest therein without the consent of any Pledgor. 

SECTION 7.2 Collection of Receivables. At any time upon the occurrence and during the continuance of an Event of Default,
Administrative Agent or Administrative Agent’s designee may (a) notify Account Debtors of any Pledgor that the Receivables of such Pledgor have been assigned to Administrative Agent, for the benefit of the Secured Parties, or that
Administrative Agent has a security interest therein, and (b) collect the Receivables of any Pledgor directly, and any collection costs and expenses shall constitute part of such Pledgor’s Obligations under the Loan Documents. 

  
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 ARTICLE VIII 
 TRANSFERS 
 SECTION 8.1 Transfers of Collateral. No Pledgor shall sell,
convey, assign or otherwise dispose of, or grant any option with respect to, any of the Collateral pledged by it hereunder except as expressly permitted by the Credit Agreement. 

ARTICLE IX 

REMEDIES 

SECTION 9.1 Remedies. Upon the occurrence and during the continuance of any Event of Default, the Administrative Agent may from
time to time exercise in respect of the Collateral, in addition to the other rights and remedies provided for herein, in the other Loan Documents or otherwise available to it, the following remedies: 

(i) personally, or by agents or attorneys, immediately take possession of the Collateral or any part thereof, from any Pledgor or any
other person who then has possession of any part thereof with or without notice or process of law, and for that purpose may enter upon any Pledgor’s premises where any of the Collateral is located, remove such Collateral, remain present at such
premises to receive copies of all communications and remittances relating to the Collateral and use in connection with such removal and possession any and all services, supplies, aids and other facilities of any Pledgor; 

(ii) demand, sue for, collect or receive any money or property at any time payable or receivable in respect of the Collateral including
instructing the obligor or obligors on any agreement, instrument or other obligation constituting part of the Collateral to make any payment required by the terms of such agreement, instrument or other obligation directly to the Administrative
Agent, and in connection with any of the foregoing, compromise, settle, extend the time for payment and make other modifications with respect thereto; provided, that, in the event that any such payments are made directly to any
Pledgor, prior to receipt by any such obligor of such instruction, such Pledgor shall segregate all amounts received pursuant thereto in trust for the benefit of the Administrative Agent and shall promptly (but in no event later than five
(5) Business Day after receipt thereof) pay such amounts to the Administrative Agent; 
 (iii) sell, assign, grant a
license to use or otherwise liquidate, or direct any Pledgor to sell, assign, grant a license to use or otherwise liquidate, any and all investments made in whole or in part with the Collateral or any part thereof, and take possession of the
proceeds of any such sale, assignment, license or liquidation; 
 (iv) take possession of the Collateral or any part thereof, by
directing any Pledgor in writing to deliver the same to the Administrative Agent at any place or places so designated by the Administrative Agent, in which event such Pledgor shall at its own expense:

  
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(A) forthwith cause the same to be moved to the place or places designated by the Administrative Agent and therewith delivered to the Administrative Agent, (B) store and keep any
Collateral so delivered to the Administrative Agent at such place or places pending further action by the Administrative Agent and (C) while the Collateral shall be so stored and kept, provide such security and maintenance services as shall be
necessary to protect the same and to preserve and maintain them in good condition. Each Pledgor’s obligation to deliver the Collateral as contemplated in this Section 9.1(iv) is of the essence hereof. Upon application to a court of
equity having jurisdiction, the Administrative Agent shall be entitled to a decree requiring specific performance by any Pledgor of such obligation; 
 (v) withdraw all moneys, instruments, securities and other property in any bank, financial securities, deposit or other account of any Pledgor constituting Collateral for application to the Obligations as
provided in Article X hereof; 
 (vi) retain and apply the Distributions to the Obligations as provided in
Article X hereof; 
 (vii) exercise any and all rights as beneficial and legal owner of the Collateral, including
perfecting assignment of and exercising any and all voting, consensual and other rights and powers with respect to any Collateral; 
 (viii) exercise any and all rights set forth in Sections 3.7 and 6.1 hereof in accordance with the terms thereof; 
 (ix) exercise all the rights and remedies of a secured party on default under the UCC or any other applicable law, and the Administrative Agent may also in its sole discretion, without notice except as
specified in Section 9.2 hereof, sell, assign or grant a license to use the Collateral or any part thereof in one or more parcels at public or private sale, at any exchange, broker’s board or at any of the Administrative
Agent’s offices or elsewhere, for cash, on credit or for future delivery, and at such price or prices and upon such other terms as the Administrative Agent may deem commercially reasonable. The Administrative Agent or any other Secured Party or
any of their respective Affiliates may be the purchaser, licensee, assignee or recipient of the Collateral or any part thereof at any such sale and shall be entitled, for the purpose of bidding and making settlement or payment of the purchase price
for all or any portion of the Collateral sold, assigned or licensed at such sale, to use and apply any of the Obligations owed to such person as a credit on account of the purchase price of the Collateral or any part thereof payable by such person
at such sale. Each purchaser, assignee, licensee or recipient at any such sale shall acquire the property sold, assigned or licensed absolutely free from any claim or right on the part of any Pledgor, and each Pledgor hereby waives, to the fullest
extent permitted by law, all rights of redemption, stay and/or appraisal which it now has or may at any time in the future have under any rule of law or statute now existing or hereafter enacted. The Administrative Agent shall not be obligated to
make any sale of the Collateral or any part thereof regardless of notice of sale having been given. The Administrative Agent may adjourn any public or private sale from time to time by announcement at the time and place fixed therefor, and such sale
may, without further notice, be made at the time and place to which it was so adjourned. Each Pledgor hereby waives, to the fullest extent permitted by law, any claims against the Administrative

  
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Agent arising by reason of the fact that the price at which the Collateral or any part thereof may have been sold, assigned or licensed at such a private sale was less than the price which might
have been obtained at a public sale, even if the Administrative Agent accepts the first offer received and does not offer such Collateral to more than one offeree; and 
 (x) each Pledgor hereby acknowledges that the Obligations arise out of a commercial transaction, and agrees that if an Event of Default shall occur and be continuing Administrative Agent shall have the
right to an immediate writ of possession without notice of a hearing. Administrative Agent shall have the right to the appointment of a receiver for the properties and assets of each Pledgor, and each Pledgor hereby consents to such rights and such
appointment and hereby waives any objection such Pledgor may have thereto or the right to have a bond or other security posted by Administrative Agent. 
 SECTION 9.2 Notice of Sale. Each Pledgor acknowledges and agrees that, to the extent notice of sale or other disposition of the Collateral or any part thereof shall be required by law, ten
(10) days’ prior notice to such Pledgor of the time and place of any public sale or of the time after which any private sale or other intended disposition is to take place shall be commercially reasonable notification of such matters. No
notification need be given to any Pledgor if it has signed, after the occurrence of an Event of Default, a statement renouncing or modifying any right to notification of sale or other intended disposition. 

SECTION 9.3 Waiver of Notice and Claims. Each Pledgor hereby waives, to the fullest extent permitted by applicable law, notice or
judicial hearing in connection with the Administrative Agent’s taking possession or the Administrative Agent’s disposition of the Collateral or any part thereof, including any and all prior notice and hearing for any prejudgment remedy or
remedies and any such right which such Pledgor would otherwise have under law, and each Pledgor hereby further waives, to the fullest extent permitted by applicable law: (i) all damages occasioned by such taking of possession, (ii) all
other requirements as to the time, place and terms of sale or other requirements with respect to the enforcement of the Administrative Agent’s rights hereunder and (iii) all rights of redemption, appraisal, valuation, stay, extension or
moratorium now or hereafter in force under any applicable law. The Administrative Agent shall not be liable for any incorrect or improper payment made pursuant to this Article IX in the absence of gross negligence or willful misconduct
on the part of the Administrative Agent. Any sale of, or the grant of options to purchase, or any other realization upon, any Collateral shall operate to divest all right, title, interest, claim and demand, either at law or in equity, of the
applicable Pledgor therein and thereto, and shall be a perpetual bar both at law and in equity against such Pledgor and against any and all persons claiming or attempting to claim the Collateral so sold, optioned or realized upon, or any part
thereof, from, through or under such Pledgor. 
 SECTION 9.4 Certain Sales of Collateral. 

(a) Each Pledgor recognizes that, by reason of certain prohibitions contained in law, rules, regulations or orders of any Governmental
Authority, the Administrative Agent may be compelled, with respect to any sale of all or any part of the Collateral, to limit purchasers to those who meet the requirements of such Governmental Authority. Each Pledgor

  
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acknowledges that any such sales may be at prices and on terms less favorable to the Administrative Agent than those obtainable through a public sale without such restrictions, and,
notwithstanding such circumstances, agrees that any such restricted sale shall be deemed to have been made in a commercially reasonable manner and that, except as may be required by applicable law, the Administrative Agent shall have no obligation
to engage in public sales. 
 (b) Each Pledgor recognizes that, by reason of certain prohibitions contained in the Securities
Act, and applicable state securities laws, the Administrative Agent may be compelled, with respect to any sale of all or any part of the Securities Collateral and Investment Property, to limit purchasers to persons who will agree, among other
things, to acquire such Securities Collateral or Investment Property for their own account, for investment and not with a view to the distribution or resale thereof. Each Pledgor acknowledges that any such private sales may be at prices and on terms
less favorable to the Administrative Agent than those obtainable through a public sale without such restrictions (including a public offering made pursuant to a registration statement under the Securities Act), and, notwithstanding such
circumstances, agrees that any such private sale shall be deemed to have been made in a commercially reasonable manner and that the Administrative Agent shall have no obligation to engage in public sales and no obligation to delay the sale of any
Securities Collateral or Investment Property for the period of time necessary to permit the issuer thereof to register it for a form of public sale requiring registration under the Securities Act or under applicable state securities laws, even if
such issuer would agree to do so. 
 SECTION 9.5 No Waiver; Cumulative Remedies. 

(a) No failure on the part of the Administrative Agent to exercise, no course of dealing with respect to, and no delay on the part of the
Administrative Agent in exercising, any right, power or remedy hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any such right, power, privilege or remedy hereunder preclude any other or further exercise
thereof or the exercise of any other right, power, privilege or remedy; nor shall the Administrative Agent be required to look first to, enforce or exhaust any other security, collateral or guaranties. All rights and remedies herein provided are
cumulative and are not exclusive of any rights or remedies provided by law or otherwise available. 
 (b) In the event that the
Administrative Agent shall have instituted any proceeding to enforce any right, power, privilege or remedy under this Agreement or any other Loan Document by foreclosure, sale, entry or otherwise, and such proceeding shall have been discontinued or
abandoned for any reason or shall have been determined adversely to the Administrative Agent, then and in every such case, the Pledgors, the Administrative Agent and each other Secured Party shall be restored to their respective former positions and
rights hereunder with respect to the Collateral, and all rights, remedies, privileges and powers of the Administrative Agent and the other Secured Parties shall continue as if no such proceeding had been instituted. 

SECTION 9.6 Certain Additional Actions Regarding Intellectual Property. If any Event of Default shall have occurred and be
continuing, upon the written demand of the Administrative Agent, each Pledgor shall execute and deliver to the Administrative Agent an assignment or assignments of the registered Patents, Trademarks and/or Copyrights and 

  
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Goodwill and such other documents as are necessary or appropriate to carry out the intent and purposes hereof. 
 SECTION 9.7 Marshaling. Administrative Agent shall not be required to marshal any present or future collateral security (including but not limited to the Collateral) for, or other assurances of
payment of, the Obligations or any of them or to resort to such collateral security or other assurances of payment in any particular order, and all of its rights and remedies hereunder and in respect of such collateral security and other assurances
of payment shall be cumulative and in addition to all other rights and remedies, however existing or arising. To the extent that it lawfully may, each Pledgor hereby agrees that it will not invoke any law relating to the marshaling of collateral
which might cause delay in or impede the enforcement of Administrative Agent’s rights and remedies under this Agreement or under any other instrument creating or evidencing any of the Obligations or under which any of the Obligations is
outstanding or by which any of the Obligations is secured or payment thereof is otherwise assured, and, to the extent that it lawfully may, each Pledgor hereby irrevocably waives the benefits of all such laws. 

ARTICLE X 

APPLICATION OF PROCEEDS 
 SECTION 10.1 Application of Proceeds. The proceeds received by the Administrative Agent in respect of any sale of, collection from or other realization upon all or any part of the Collateral
pursuant to the exercise by the Administrative Agent of its remedies shall be applied, together with any other sums then held by the Administrative Agent pursuant to this Agreement, in accordance with the Credit Agreement. 

ARTICLE XI 

MISCELLANEOUS 

SECTION 11.1 Concerning Administrative Agent. 
 (a) The Administrative Agent has been appointed as administrative agent pursuant to the Credit Agreement. The actions of the Administrative Agent hereunder are subject to the provisions of the Credit
Agreement. The Administrative Agent shall have the right hereunder to make demands, to give notices, to exercise or refrain from exercising any rights, and to take or refrain from taking action (including the release or substitution of the
Collateral), in accordance with this Agreement and the Credit Agreement. The Administrative Agent may employ agents and attorneys-in-fact in connection herewith and shall not be liable for the negligence or misconduct of any such agents or
attorneys-in-fact selected by it in good faith. The Administrative Agent may resign and a successor Administrative Agent may be appointed in the manner provided in the Credit Agreement. Upon the acceptance of any appointment as the

  
 32 

 
Administrative Agent by a successor Administrative Agent, that successor Administrative Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of
the retiring Administrative Agent under this Agreement, and the retiring Administrative Agent shall thereupon be discharged from its duties and obligations under this Agreement. After any retiring Administrative Agent’s resignation, the
provisions hereof shall inure to its benefit as to any actions taken or omitted to be taken by it under this Agreement while it was the Administrative Agent. 
 (b) The Administrative Agent shall be deemed to have exercised reasonable care in the custody and preservation of the Collateral in its possession if such Collateral is accorded treatment substantially
equivalent to that which the Administrative Agent, in its individual capacity, accords its own property consisting of similar instruments or interests, it being understood that neither the Administrative Agent nor any of the Secured Parties shall
have responsibility for (i) ascertaining or taking action with respect to calls, conversions, exchanges, maturities, tenders or other matters relating to any Securities Collateral, whether or not the Administrative Agent or any other Secured
Party has or is deemed to have knowledge of such matters or (ii) taking any necessary steps to preserve rights against any person with respect to any Collateral. 
 (c) The Administrative Agent shall be entitled to rely upon any written notice, statement, certificate, order or other document believed by it to be genuine and correct and to have been signed, sent or
made by the proper person, and, with respect to all matters pertaining to this Agreement and its duties hereunder, upon advice of counsel selected by it. 
 (d) If any item of Collateral also constitutes collateral granted to the Administrative Agent under any other deed of trust, mortgage, security agreement, pledge or instrument of any type, in the event of
any conflict between the provisions hereof and the provisions of such other deed of trust, mortgage, security agreement, pledge or instrument of any type in respect of such collateral, the Administrative Agent, in its sole discretion, shall select
which provision or provisions shall control. 
 (e) The Administrative Agent may rely on advice of counsel as to whether any or
all UCC financing statements of the Pledgors need to be amended as a result of any of the changes described in Section 4.9 hereof. If any Pledgor fails to provide information to the Administrative Agent about such changes on a timely
basis, the Administrative Agent shall not be liable or responsible to any party for any failure to maintain a perfected security interest in such Pledgor’s property constituting Collateral, for which the Administrative Agent needed to have
information relating to such changes. The Administrative Agent shall have no duty to inquire about such changes if any Pledgor does not inform the Administrative Agent of such changes, the parties acknowledging and agreeing that it would not be
feasible or practical for the Administrative Agent to search for information on such changes if such information is not provided by any Pledgor. 
 SECTION 11.2 Administrative Agent May Perform; Administrative Agent Appointed Attorney-in-Fact. If any Pledgor shall fail to perform any covenants contained in this Agreement (including such
Pledgor’s covenants to (a) pay the premiums in respect of all required insurance policies hereunder, (b) pay and discharge any taxes, assessments and special assessments, levies, fees and governmental charges imposed upon or assessed
against, and landlords’, carriers’, mechanics’, workmen’s, repairmen’s, laborers’, materialmen’s, suppliers’ 

  
 33 

 
and warehousemen’s Liens and other claims arising by operation of law against, all or any portion of the Collateral, (c) make repairs, (d) discharge Liens or (e) pay or
perform any obligations of such Pledgor under any Collateral) or if any representation or warranty on the part of any Pledgor contained herein shall be breached, the Administrative Agent may (but shall not be obligated to) do the same or cause it to
be done or remedy any such breach, and may expend reasonable funds for such purpose; provided, that, the Administrative Agent shall in no event be bound to inquire into the validity of any tax, Lien, imposition or other obligation
which such Pledgor fails to pay or perform as and when required hereby and which such Pledgor does not contest in accordance with the provisions of the Credit Agreement. Any and all amounts so expended by the Administrative Agent shall be paid by
the Pledgors in accordance with the provisions of Section 10.04 of the Credit Agreement. Neither the provisions of this Section 11.2 nor any action taken by the Administrative Agent pursuant to the provisions of this
Section 11.2 shall prevent any such failure to observe any covenant contained in this Agreement nor any breach of representation or warranty from constituting an Event of Default. Each Pledgor hereby appoints the Administrative Agent its
attorney-in-fact, with full power and authority in the place and stead of such Pledgor and in the name of such Pledgor, or otherwise, from time to time in the Administrative Agent’s discretion to take any action and to execute any instrument
consistent with the terms of the Credit Agreement, this Agreement and the other Security Documents which the Administrative Agent may deem necessary or advisable to accomplish the purposes hereof (but the Administrative Agent shall not be obligated
to and shall have no liability to such Pledgor or any third party for failure to so do or take action), including: 
 (i) to
ask, demand, collect, sue for, recover, compromise, receive and give acquittance and receipts for moneys due and to become due under or in connection with the Receivables or any other Collateral of such Pledgor; 

(ii) to receive and open all mail addressed to such Pledgor and to notify postal authorities to change the address for the delivery of
mail to such Pledgor to that of Administrative Agent; 
 (iii) to receive, indorse, and collect any drafts or other Instruments,
Documents, Chattel Paper, Letters of Credit or Letter-of-Credit Rights; 
 (iv) to file any claims or take any action or
institute any proceedings which Administrative Agent may deem necessary or desirable for the collection of any of the Collateral of such Pledgor or otherwise to enforce the rights of Administrative Agent with respect to any of the Collateral;

 (v) to repair, alter, or supply goods, if any, necessary to fulfill in whole or in part the purchase order of any Person
obligated to such Pledgor in respect of any Account of such Pledgor; 
 (vi) to exercise its right to vote any Pledged
Securities pursuant to Section 5.2 hereof; and 

  
 34 

 (vii) to use any Intellectual Property Collateral of such Pledgor, including but not limited
to any labels, Patents, Trademarks, trade names, URLs, domain names, industrial designs, Copyrights, or advertising matter, in preparing for sale, advertising for sale, or selling Inventory or other Collateral and to collect any amounts due under
Receivables, contracts, Instruments, Documents, Letters of Credit or Letter-of-Credit Rights of such Pledgor. 
 The foregoing
grant of authority is a power of attorney coupled with an interest and such appointment shall be irrevocable for the term hereof. Each Pledgor hereby ratifies all that such attorney shall lawfully do or cause to be done by virtue hereof. 

SECTION 11.3 Continuing Security Interest; Assignment. This Agreement shall create a continuing security interest in the
Collateral and shall (i) be binding upon the Pledgors, their respective successors and assigns and (ii) inure, together with the rights and remedies of the Administrative Agent hereunder, to the benefit of the Administrative Agent and the
other Secured Parties and each of their respective successors, transferees and assigns. No other persons (including any other creditor of any Pledgor) shall have any interest herein or any right or benefit with respect hereto. Without limiting the
generality of the foregoing clause (ii), any Secured Party may assign or otherwise transfer any indebtedness held by it secured by this Agreement to any other person, and such other person shall thereupon become vested with all the benefits in
respect thereof granted to such Secured Party, herein or otherwise, subject however, to the provisions of the Credit Agreement. Each of the Pledgors agrees that its obligations hereunder and the security interest created hereunder shall continue to
be effective or be reinstated, as applicable, if at any time payment, or any part thereof, of all or any part of the Obligations is rescinded or must otherwise be restored by the Secured Party upon the bankruptcy or reorganization of any Pledgor or
otherwise. 
 SECTION 11.4 Termination; Release. 

(a) Upon payment in full of the Obligations in accordance with the provisions of the Credit Agreement and the expiration or termination
of the Commitments, this Agreement shall terminate. Upon termination of this Agreement the Collateral shall be released from the Lien of this Agreement. Upon such release or any release of Collateral or any part thereof in accordance with the
provisions of the Credit Agreement, the Administrative Agent shall, upon the request and at the sole cost and expense of the Pledgors, assign, transfer and deliver to Pledgor, against receipt and without recourse to or warranty by the Administrative
Agent except as to the fact that the Administrative Agent has not encumbered the released assets, such of the Collateral or any part thereof to be released (in the case of a release) as may be in possession of the Administrative Agent and as shall
not have been sold or otherwise applied pursuant to the terms hereof, and, with respect to any other Collateral, proper documents and instruments (including UCC-3 termination financing statements or releases) acknowledging the termination hereof or
the release of such Collateral, as the case may be. 
 (b) If any Pledgor ceases to be a Guarantor in accordance with the
provisions of the Credit Agreement, the Administrative Agent will, at the Borrower’s reasonable expense and upon receipt of any certifications reasonably requested by the Administrative Agent in connection therewith and in accordance with the
terms of the Credit Agreement, execute and 

  
 35 

 
deliver to the applicable Pledgor such documents as such Pledgor may reasonably request to evidence the release of Pledgor from the assignment and security interest granted hereunder and from its
obligations hereunder. 
 SECTION 11.5 Modification in Writing. No amendment, modification, supplement, termination or
waiver of or to any provision hereof, nor consent to any departure by any Pledgor therefrom, shall be effective unless the same shall be made in accordance with the terms of the Credit Agreement and unless in writing and signed by the Administrative
Agent. Any amendment, modification or supplement of or to any provision hereof, any waiver of any provision hereof and any consent to any departure by any Pledgor from the terms of any provision hereof in each case shall be effective only in the
specific instance and for the specific purpose for which made or given. Except where notice is specifically required by this Agreement or any other document evidencing the Obligations, no notice to or demand on any Pledgor in any case shall entitle
any Pledgor to any other or further notice or demand in similar or other circumstances. 
 SECTION 11.6 Notices. Unless
otherwise provided herein or in the Credit Agreement, any notice or other communication herein required or permitted to be given shall be given in the manner and become effective as set forth in the Credit Agreement, as to any Pledgor, addressed to
it at the address of the Borrower set forth in the Credit Agreement and as to the Administrative Agent, addressed to it at the address set forth in the Credit Agreement, or in each case at such other address as shall be designated by such party in a
written notice to the other party complying as to delivery with the terms of this Section 11.6. 
 SECTION 11.7
Governing Law, Consent to Jurisdiction and Service of Process; Waiver of Jury Trial. Sections 10.13 and 10.14 of the Credit Agreement is incorporated herein, mutatis mutandis, as if a part hereof. 

SECTION 11.8 Severability of Provisions. Any provision hereof which is invalid, illegal or unenforceable in any jurisdiction
shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without invalidating the remaining provisions hereof or affecting the validity, legality or enforceability of such provision in any other
jurisdiction. 
 SECTION 11.9 Execution in Counterparts. This Agreement and any amendments, waivers, consents or
supplements hereto may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed to be an original, but all such counterparts together shall
constitute one and the same agreement. Delivery of any executed counterpart of a signature page of this Agreement by facsimile or other electronic transmission shall be effective as delivery of a manually executed counterpart of this Agreement.

 SECTION 11.10 Business Days. In the event any time period or any date provided in this Agreement ends or falls on a
day other than a Business Day, then such time period shall be deemed to end and such date shall be deemed to fall on the next succeeding 

  
 36 

 
Business Day, and performance herein may be made on such Business Day, with the same force and effect as if made on such other day. 

SECTION 11.11 No Credit for Payment of Taxes or Imposition. Such Pledgor shall not be entitled to any credit against the
principal, premium, if any, or interest payable under the Credit Agreement, and such Pledgor shall not be entitled to any credit against any other sums which may become payable under the terms thereof or hereof, by reason of the payment of any Tax
on the Collateral or any part thereof. 
 SECTION11.12 No Claims Against Administrative Agent. Nothing contained in this
Agreement shall constitute any consent or request by the Administrative Agent, express or implied, for the performance of any labor or services or the furnishing of any materials or other property in respect of the Collateral or any part thereof,
nor as giving any Pledgor any right, power or authority to contract for or permit the performance of any labor or services or the furnishing of any materials or other property in such fashion as would permit the making of any claim against the
Administrative Agent in respect thereof or any claim that any Lien based on the performance of such labor or services or the furnishing of any such materials or other property is prior to the Lien hereof. 

SECTION 11.13 No Release. Nothing set forth in this Agreement or any other Loan Document, nor the exercise by the Administrative
Agent of any of the rights or remedies hereunder, shall relieve any Pledgor from the performance of any term, covenant, condition or agreement on such Pledgor’s part to be performed or observed under or in respect of any of the Collateral or
from any liability to any person under or in respect of any of the Collateral or shall impose any obligation on the Administrative Agent or any other Secured Party to perform or observe any such term, covenant, condition or agreement on such
Pledgor’s part to be so performed or observed or shall impose any liability on the Administrative Agent or any other Secured Party for any act or omission on the part of such Pledgor relating thereto or for any breach of any representation or
warranty on the part of such Pledgor contained in this Agreement, the Credit Agreement or the other Loan Documents, or under or in respect of the Collateral or made in connection herewith or therewith. Anything herein to the contrary
notwithstanding, neither the Administrative Agent nor any other Secured Party shall have any obligation or liability under any contracts, agreements and other documents included in the Collateral by reason of this Agreement, nor shall the
Administrative Agent or any other Secured Party be obligated to perform any of the obligations or duties of any Pledgor thereunder or to take any action to collect or enforce any such contract, agreement or other document included in the Collateral
hereunder. The obligations of each Pledgor contained in this Section 11.13 shall survive the termination hereof and the discharge of such Pledgor’s other obligations under this Agreement, the Credit Agreement and the other Loan
Documents. 
 SECTION 11.14 Obligations Absolute. All obligations of each Pledgor hereunder shall be absolute and
unconditional irrespective of: 
 (i) any Insolvency Proceeding or the like of any other Pledgor; 

  
 37 

 (ii) any lack of validity or enforceability of the Credit Agreement or any
other Loan Document, or any other agreement or instrument relating thereto; 
 (iii) any change in the time,
manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement or any other Loan Document or any other agreement or instrument
relating thereto; 
 (iv) any pledge, exchange, release or non-perfection of any other collateral, or any release
or amendment or waiver of or consent to any departure from any guarantee, for all or any of the Obligations; 

(v) any exercise, non-exercise or waiver of any right, remedy, power or privilege under or in respect hereof, the Credit
Agreement or any other Loan Document except as specifically set forth in a waiver granted pursuant to the provisions of Section 11.5 hereof; or 
 (vi) any other circumstances which might otherwise constitute a defense available to, or a discharge of, any Pledgor. 
 SECTION 11.15 Intercreditor Arrangements. This Agreement and liens and security interests granted to the Administrative Agent pursuant to this Agreement or any other Loan Documents in any
Collateral and the exercise of any right or remedy with respect to any Collateral hereunder or any other Loan Document are subject to the provisions of the Intercreditor Arrangements. In the event of any inconsistency between the terms of this
Agreement and the terms of any of the Intercreditor Arrangements, the terms of the applicable Intercreditor Arrangement shall control. 
 [REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK.] 

  
 38 

 IN WITNESS WHEREOF, each Pledgor and the Administrative Agent have caused this Agreement to
be duly executed and delivered by their duly authorized officers as of the date first above written. 
  

			
	PLEDGORS:
	
	POLYONE CORPORATION
		
	By:	 	 
		 	Name:
		 	Title:

 [Signature Page - Security Agreement] 

 
			
	GLS INTERNATIONAL INC.
		
	By:	 	 
		 	Name:
		 	Title:

 [Signature Page - Security Agreement] 

 
			
	POLYONE LLC
		
	By:	 	 
		 	Name:
		 	Title:

 [Signature Page - Security Agreement] 

 
			
	POLYMER DIAGNOSTICS, INC.
		
	By:	 	 
		 	Name:
		 	Title:

 [Signature Page - Security Agreement] 

 
			
	 NEU SPECIALTY ENGINEERED
 MATERIALS, LLC

		
	By:	 	 
		 	Name:
		 	Title:

 [Signature Page - Security Agreement] 

 
			
	CONEXUS, INC.
		
	By:	 	 
		 	Name:
		 	Title:

 [Signature Page - Security Agreement] 

 
			
	M.A. HANNA ASIA HOLDING COMPANY
		
	By:	 	 
		 	Name:
		 	Title:

 [Signature Page - Security Agreement] 

 
			
	COLORMATRIX HOLDINGS, INC.
		
	By:	 	 
		 	Name:
		 	Title:

 [Signature Page - Security Agreement] 

 
			
	COLORMATRIX GROUP, INC.
		
	By:	 	 
		 	Name:
		 	Title:

 [Signature Page - Security Agreement] 

 
			
	THE COLORMATRIX CORPORATION
		
	By:	 	 
		 	Name:
		 	Title:

 [Signature Page - Security Agreement] 

 
			
	CHROMATICS, INC.
		
	By:	 	 
		 	Name:
		 	Title:

 [Signature Page - Security Agreement] 

 
			
	COLORMATRIX - BRAZIL, LLC
		
	By:	 	 
		 	Name:
		 	Title:

 [Signature Page - Security Agreement] 

 
			
	GAYSON SILICONE DISPERSIONS, INC.
		
	By:	 	 
		 	Name:
		 	Title:

 [Signature Page - Security Agreement] 

 
			
	ADMINISTRATIVE AGENT:
	
	BANK OF AMERICA, N.A.
		
	By:	 	 
		 	Name:
		 	Title:

 [Signature Page - Security Agreement] 

 EXHIBIT 1 
 [Form of] 
 ISSUER’S ACKNOWLEDGMENT 

The undersigned hereby (i) acknowledges receipt of the Security Agreement (as amended, amended and restated, supplemented or
otherwise modified from time to time, the “Security Agreement;” capitalized terms used but not otherwise defined herein shall have the meanings assigned to such terms in the Security Agreement), dated as of December 21, 2011,
made by POLYONE CORPORATION, an Ohio corporation (the “Borrower”), the other Pledgors party thereto and BANK OF AMERICA, N.A., as administrative agent (in such capacity and together with any successors in such capacity, the
“Administrative Agent”), (ii) agrees promptly to note on its books the security interests granted to the Administrative Agent and confirmed under the Security Agreement, (iii) upon the occurrence and during the continuance
of an Event of Default, agrees that it will comply with instructions of the Administrative Agent with respect to the applicable Securities Collateral (including all Equity Interests of the undersigned) without further consent by the applicable
Pledgor, (iv) agrees to notify the Administrative Agent upon obtaining knowledge of any interest in favor of any person in the applicable Securities Collateral that is adverse to the interest of the Administrative Agent therein and
(v) waives any right or requirement at any time hereafter to receive a copy of the Security Agreement in connection with the registration of any Securities Collateral thereunder in the name of the Administrative Agent or its nominee or the
exercise of voting rights by the Administrative Agent or its nominee. 
  

					
	[                            
                    ]
		
	By:	 	 
		 	Name:	 	
		 	Title:	 	

 EXHIBIT 2 
 [Form of] 
 SECURITIES PLEDGE AMENDMENT 

This Securities Pledge Amendment, dated as of [            ], is delivered
pursuant to Section 5.1 of the Security Agreement (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Security Agreement;” capitalized terms used but not otherwise defined herein
shall have the meanings assigned to such terms in the Security Agreement), dated as of December 21, 2011, made by POLYONE CORPORATION, an Ohio corporation (the “Borrower”), the other Pledgors party thereto and BANK OF AMERICA,
N.A., as administrative agent (in such capacity and together with any successors in such capacity, the “Administrative Agent”). The undersigned hereby agrees that this Securities Pledge Amendment may be attached to the Security
Agreement and that the Pledged Securities and/or Intercompany Notes listed on this Securities Pledge Amendment shall be deemed to be and shall become part of the Collateral and shall secure all Obligations. 

PLEDGED SECURITIES 
  

											
	 ISSUER
	  	CLASS
OF STOCK
OR
INTERESTS	  	PAR
VALUE	  	CERTIFICATE
NO(S).	  	NUMBER OF
SHARES
OR
INTERESTS	  	PERCENTAGE OF
ALL ISSUED CAPITAL
OR OTHER
EQUITY
INTERESTS OF ISSUER

 INTERCOMPANY NOTES 

 

									
	 ISSUER
	  	PRINCIPAL
AMOUNT	  	DATE OF
ISSUANCE	  	INTEREST
RATE	  	MATURITY
DATE

 

					
	[                            
                    ],
	as Pledgor
		
	By:	 	 
		 	Name:	 	
		 	Title:	 	

  

			
	AGREED TO AND ACCEPTED:
	
	BANK OF AMERICA, N.A.,
as Administrative Agent
		
	By:	 	 
		 	Name:
		 	Title:

  
 -2-

 EXHIBIT 3 
 [Form of] 
 SECURITY AGREEMENT SUPPLEMENT 

[Name of New Pledgor] 
 [Address of New Pledgor] 
 [Date] 

 

	
	  
	  
	  
	  

 Ladies and Gentlemen: 
 Reference is made to the Security Agreement (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Security Agreement;” capitalized terms used but
not otherwise defined herein shall have the meanings assigned to such terms in the Security Agreement), dated as of December 21, 2011, made by POLYONE CORPORATION, an Ohio corporation (the “Borrower”), the other Pledgors party
thereto and BANK OF AMERICA, N.A., as administrative agent (in such capacity and together with any successors in such capacity, the “Administrative Agent”). 
 This Security Agreement Supplement supplements the Security Agreement and is delivered by the undersigned,
[                    ] (the “New Pledgor”), pursuant to Section 3.5 of the Security Agreement. The New Pledgor hereby
agrees to be bound as a Pledgor party to the Security Agreement by all of the terms, covenants and conditions set forth in the Security Agreement to the same extent that it would have been bound if it had been a signatory to the Security Agreement
on the date of the Security Agreement. Without limiting the generality of the foregoing, the New Pledgor hereby grants and pledges to the Administrative Agent, as collateral security for the full, prompt and complete payment and performance when due
(whether at stated maturity, by acceleration or otherwise) of the Obligations, a Lien on and security interest in, all of its right, title and interest in, to and under the Collateral and expressly assumes all obligations and liabilities of a
Pledgor thereunder. The New Pledgor hereby makes each of the representations and warranties and agrees to each of the covenants applicable to the Pledgors contained in the Security Agreement. 

 Annexed hereto are supplements to each of the schedules to the Security Agreement and the
Credit Agreement, as applicable, with respect to the New Pledgor. Such supplements shall be deemed to be part of the Security Agreement or the Credit Agreement, as applicable. 
 This Security Agreement Supplement and any amendments, waivers, consents or supplements hereto may be executed in any number of counterparts and by different parties hereto in separate counterparts, each
of which when so executed and delivered shall be deemed to be an original, but all such counterparts together shall constitute one and the same agreement. Delivery of any executed counterpart of a signature page of this Security Agreement Supplement
by facsimile or other electronic transmission shall be effective as delivery of a manually executed counterpart of this Security Agreement Supplement. 
 THIS SECURITY AGREEMENT SUPPLEMENT SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 

  
 -2-

 IN WITNESS WHEREOF, the New Pledgor has caused this Security Agreement Supplement to be
executed and delivered by its duly authorized officer as of the date first above written. 
  

			
	[NEW PLEDGOR]
		
	By:	 	 
		 	Name:
		 	Title:

  

			
	 AGREED TO AND ACCEPTED:
  

BANK OF AMERICA, N.A.,
 as Administrative
Agent

		
	By:	 	 
		 	Name:
		 	Title:

 [Schedules to be attached] 

  
 -3-

 EXHIBIT 4 
 [Form of] 
 Copyright Security Agreement 

Copyright Security Agreement, dated as of
[                    ], by
[                    ] and
[                    ] (individually, a “Pledgor”, and, collectively, the “Pledgors”), in favor of BANK OF AMERICA,
N.A., in its capacity as administrative agent pursuant to the Credit Agreement (in such capacity, the “Administrative Agent”). 
 W I T N E S
S E T H: 
 WHEREAS, the Pledgors are party to a Security Agreement of even date herewith (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Security
Agreement”) in favor of the Administrative Agent pursuant to which the Pledgors are required to execute and deliver this Copyright Security Agreement; 
 NOW, THEREFORE, in consideration of the premises and to induce the Administrative Agent, for the benefit of the Secured Parties, to enter into the Credit Agreement, the
Pledgors hereby agree with the Administrative Agent as follows: 
 SECTION 1. Defined Terms. Unless otherwise defined
herein, terms defined in the Security Agreement and used herein have the meaning given to them in the Security Agreement. 

SECTION 2. Grant of Security Interest in Copyright Collateral. As collateral security for the payment and performance in full of
all the Obligations, each Pledgor hereby pledges and grants to the Administrative Agent for the benefit of the Secured Parties a lien on and security interest in all of the right, title and interest of such Pledgor in, to and under the following
Collateral, wherever located, whether now existing or hereafter arising or acquired from time to time (collectively, the “Copyright Collateral”): 
 (a) registered or applied for Copyrights of such Pledgor and exclusive copyright Intellectual Property Licenses to which it is a party including those listed on Schedule I attached hereto; and 

(b) all Proceeds of any and all of the foregoing, including any claim by such Pledgor against third parties for past, present or future
infringement of any Copyright or any copyright exclusively licensed under any Intellectual Property License, including the right to receive damages, or the right to receive license fees, royalties, and other compensation under any copyright
Intellectual Property License. 

 Notwithstanding anything to the contrary contained herein, the security interest created by
this Copyright Security Agreement shall not extend to, and the term “Copyright Collateral” shall not include, any Excluded Property. 
 SECTION 3. Security Agreement. The security interest granted pursuant to this Copyright Security Agreement is granted in conjunction with the security interest granted to the Administrative Agent
pursuant to the Security Agreement and Pledgors hereby acknowledge and affirm that the rights and remedies of the Administrative Agent with respect to the security interest in the Copyright Collateral made and granted hereby are more fully set forth
in the Security Agreement, the terms and provisions of which are incorporated by reference herein as if fully set forth herein. In the event that any provision of this Copyright Security Agreement is deemed to be inconsistent with or in conflict
with the Security Agreement, the provisions of the Security Agreement shall control. 
 SECTION 4. Termination. Upon
payment in full of the Obligations in accordance with the provisions of the Credit Agreement and the expiration or termination of the Commitments, the Administrative Agent shall execute, acknowledge, and deliver to the Pledgors an instrument in
writing in recordable form releasing the collateral pledge, grant, assignment, lien and security interest in the Copyright Collateral under this Copyright Security Agreement. 
 SECTION 5. Counterparts. This Copyright Security Agreement may be executed in any number of counterparts, all of which shall constitute one and the same instrument, and any party hereto may execute
this Copyright Security Agreement by signing and delivering one or more counterparts. Delivery of any executed counterpart of a signature page of this Copyright Security Agreement by facsimile or other electronic transmission shall be effective as
delivery of a manually executed counterpart of this Copyright Security Agreement. 
 SECTION 6. Governing Law. This
Copyright Security Agreement and the transactions contemplated hereby, and all disputes between the parties under or relating to this Copyright Security Agreement or the facts or circumstances leading to its execution, whether in contract, tort or
otherwise, shall be construed in accordance with and governed by the laws (including statutes of limitation) of the State of New York, without regard to conflicts of law principles that would require the application of the laws of another
jurisdiction. 
 [signature page follows] 

 IN WITNESS WHEREOF, each Pledgor has caused
this Copyright Security Agreement to be executed and delivered by its duly authorized officer as of the date first set forth above. 
  

			
	 Very truly yours,
  

[PLEDGORS]

		
	By:	 	 
		 	Name:
		 	Title:

  

			
	 Accepted and Agreed:
  

BANK OF AMERICA, N.A.,
 as Administrative
Agent

		
	By:	 	 
		 	Name:
		 	Title:

 SCHEDULE I 

to 

COPYRIGHT SECURITY AGREEMENT 
 COPYRIGHT REGISTRATIONS AND COPYRIGHT APPLICATIONS 
 Copyright Registrations:

  

					
	 OWNER
	  	REGISTRATION
NUMBER	  	TITLE

 Copyright Applications: 
  

			
	 OWNER
	  	TITLE

 Copyright Intellectual Property Licences: 

 EXHIBIT 5 
 [Form of] 
 Patent Security Agreement 

Patent Security Agreement, dated as of
[                    ], by
[                    ] and
[                    ] (individually, a “Pledgor”, and, collectively, the “Pledgors”), in favor of BANK OF AMERICA,
N.A., in its capacity as administrative agent pursuant to the Credit Agreement (in such capacity, the “Administrative Agent”). 
 W I T N E S
S E T H: 
 WHEREAS, the Pledgors are party to a Security Agreement of even date herewith (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Security
Agreement”) in favor of the Administrative Agent pursuant to which the Pledgors are required to execute and deliver this Patent Security Agreement; 
 NOW, THEREFORE, in consideration of the premises and to induce the Administrative Agent, for the benefit of the Secured Parties, to enter into the Credit Agreement, the
Pledgors hereby agree with the Administrative Agent as follows: 
 SECTION 1. Defined Terms. Unless otherwise defined
herein, terms defined in the Security Agreement and used herein have the meaning given to them in the Security Agreement. 

SECTION 2. Grant of Security Interest in Patent Collateral. As collateral security for the payment and performance in full of all
the Obligations, each Pledgor hereby pledges and grants to the Administrative Agent for the benefit of the Secured Parties a lien on and security interest in all of the right, title and interest of such Pledgor in, to and under the following
Collateral, wherever located, and whether now existing or hereafter arising or acquired from time to time (collectively, the “Patent Collateral”): 
 (a) the registered or applied for Patents of such Pledgor listed on Schedule I attached hereto; and 
 (b) all Proceeds of any and all of the foregoing, including the Proceeds of any claim by such Pledgor against third parties for past, present or future infringement of any such Patent and the right to
receive license fees, royalties, and other compensation for such Patent. 

 Notwithstanding anything to the contrary contained herein, the security interest created by
this Patent Security Agreement shall not extend to, and the term “Patent Collateral” shall not include, any Excluded Property. 
 SECTION 3. Security Agreement. The security interest granted pursuant to this Patent Security Agreement is granted in conjunction with the security interest granted to the Administrative Agent
pursuant to the Security Agreement and Pledgors hereby acknowledge and affirm that the rights and remedies of the Administrative Agent with respect to the security interest in the Patent Collateral made and granted hereby are more fully set forth in
the Security Agreement, the terms and provisions of which are incorporated by reference herein as if fully set forth herein. In the event that any provision of this Patent Security Agreement is deemed to be inconsistent with or in conflict with the
Security Agreement, the provisions of the Security Agreement shall control. 
 SECTION 4. Termination. Upon payment in
full of the Obligations in accordance with the provisions of the Credit Agreement and the expiration or termination of the Commitments, the Administrative Agent shall execute, acknowledge, and deliver to the Pledgors an instrument in writing in
recordable form releasing the collateral pledge, grant, assignment, lien and security interest in the Patent Collateral under this Patent Security Agreement. 
 SECTION 5. Counterparts. This Patent Security Agreement may be executed in any number of counterparts, all of which shall constitute one and the same instrument, and any party hereto may execute
this Patent Security Agreement by signing and delivering one or more counterparts. Delivery of any executed counterpart of a signature page of this Patent Security Agreement by facsimile or other electronic transmission shall be effective as
delivery of a manually executed counterpart of this Patent Security Agreement. 
 SECTION 6. Governing Law. This Patent
Security Agreement and the transactions contemplated hereby, and all disputes between the parties under or relating to this Patent Security Agreement or the facts or circumstances leading to its execution, whether in contract, tort or otherwise,
shall be construed in accordance with and governed by the laws (including statutes of limitation) of the State of New York, without regard to conflicts of law principles that would require the application of the laws of another jurisdiction.

 [signature page follows] 

  
 -2-

 IN WITNESS WHEREOF, each Pledgor has caused
this Patent Security Agreement to be executed and delivered by its duly authorized officer as of the date first set forth above. 
  

			
	 Very truly yours,
  

[PLEDGORS]

		
	By:	 	 
		 	Name:
		 	Title:

  

			
	 Accepted and Agreed:
  

BANK OF AMERICA, N.A.,
 as Administrative
Agent

		
	By:	 	 
		 	Name:
		 	Title:

  
 -3-

 SCHEDULE I 

to 

PATENT SECURITY AGREEMENT 
 PATENT REGISTRATIONS AND PATENT APPLICATIONS 
 Patent Registrations:

  

					
	 OWNER
	  	REGISTRATION
NUMBER	  	NAME

 Patent Applications: 
  

					
	 OWNER
	  	APPLICATION
NUMBER	  	NAME

 Patent Intellectual Property Licenses: 

  
 -4-

 EXHIBIT 6 
 [Form of] 
 Trademark Security Agreement 

Trademark Security Agreement, dated as of
[                    ], by
[                    ] and
[                    ] (individually, a “Pledgor”, and, collectively, the “Pledgors”), in favor of BANK OF AMERICA,
N.A., in its capacity as administrative agent pursuant to the Credit Agreement (in such capacity, the “Administrative Agent”). 
 W I T N E S
S E T H: 
 WHEREAS, the Pledgors are party to a Security Agreement of even date herewith (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Security
Agreement”) in favor of the Administrative Agent pursuant to which the Pledgors are required to execute and deliver this Trademark Security Agreement; 
 NOW, THEREFORE, in consideration of the premises and to induce the Administrative Agent, for the benefit of the Secured Parties, to enter into the Credit Agreement, the
Pledgors hereby agree with the Administrative Agent as follows: 
 SECTION 1. Defined Terms. Unless otherwise defined
herein, terms defined in the Security Agreement and used herein have the meaning given to them in the Security Agreement. 

SECTION 2. Grant of Security Interest in Trademark Collateral. As collateral security for the payment and performance in full of
all the Obligations, each Pledgor hereby pledges and grants to the Administrative Agent for the benefit of the Secured Parties a lien on and security interest in all of the right, title and interest of such Pledgor in, to and under the following
Collateral, wherever located, whether now existing or hereafter arising or acquired from time to time (collectively, the “Trademark Collateral”): 
 (a) the registered or applied for Trademarks of such Pledgor listed on Schedule I attached hereto; 
 (b) all Goodwill associated with such Trademarks; and 
 (c) all Proceeds of any
and all of the foregoing, including the Proceeds of any claim by such Pledgor against third parties for past, present or future (i) infringement or dilution of any Trademark, (ii) injury to the Goodwill associated with any Trademark, and
(iii) right to receive license fees, royalties, and other compensation for such Trademark. 
 Notwithstanding anything to
the contrary contained herein, the security interest created by this Trademark Security Agreement shall not extend to, and the term “Trademark Collateral” shall not include, any Excluded Property. 

 SECTION 3. Security Agreement. The security interest granted pursuant to this
Trademark Security Agreement is granted in conjunction with the security interest granted to the Administrative Agent pursuant to the Security Agreement and Pledgors hereby acknowledge and affirm that the rights and remedies of the Administrative
Agent with respect to the security interest in the Trademark Collateral made and granted hereby are more fully set forth in the Security Agreement, the terms and provisions of which are incorporated by reference herein as if fully set forth herein.
In the event that any provision of this Trademark Security Agreement is deemed to be inconsistent with or in conflict with the Security Agreement, the provisions of the Security Agreement shall control. 

SECTION 4. Termination. Upon payment in full of the Obligations in accordance with the provisions of the Credit Agreement and the
expiration or termination of the Commitments, the Administrative Agent shall execute, acknowledge, and deliver to the Pledgors an instrument in writing in recordable form releasing the collateral pledge, grant, assignment, lien and security interest
in the Trademark Collateral under this Trademark Security Agreement. 
 SECTION 5. Counterparts. This Trademark Security
Agreement may be executed in any number of counterparts, all of which shall constitute one and the same instrument, and any party hereto may execute this Trademark Security Agreement by signing and delivering one or more counterparts. Delivery of
any executed counterpart of a signature page of this Trademark Security Agreement by facsimile or other electronic transmission shall be effective as delivery of a manually executed counterpart of this Trademark Security Agreement. 

SECTION 6. Governing Law. This Trademark Security Agreement and the transactions contemplated hereby, and all disputes between the
parties under or relating to this Trademark Security Agreement or the facts or circumstances leading to its execution, whether in contract, tort or otherwise, shall be construed in accordance with and governed by the laws (including statutes of
limitation) of the State of New York, without regard to conflicts of law principles that would require the application of the laws of another jurisdiction. 
 [signature page follows] 

 IN WITNESS WHEREOF, each Pledgor has caused
this Trademark Security Agreement to be executed and delivered by its duly authorized officer as of the date first set forth above. 
  

			
	 Very truly yours,
  

[PLEDGORS]

		
	By:	 	 
		 	Name:
		 	Title:

  

			
	 Accepted and Agreed:
  

BANK OF AMERICA, N.A.,
 as Administrative
Agent

		
	By:	 	 
		 	Name:
		 	Title:

 SCHEDULE I 

to 

TRADEMARK SECURITY AGREEMENT 
 TRADEMARK REGISTRATIONS AND TRADEMARK APPLICATIONS 
 Trademark Registrations:

  

					
	 OWNER
	  	REGISTRATION
NUMBER	  	TRADEMARK

 Trademark Applications: 
  

					
	 OWNER
	  	APPLICATION
NUMBER	  	TRADEMARK

 Trademark Intellectual Property Licenses: 

 EXHIBIT G 

FORM OF MORTGAGE 
 [separately attached] 

 FIRST LIEN MORTGAGE, SECURITY AGREEMENT, ASSIGNMENT OF RENTS 

AND LEASES AND FIXTURE FILING
([                    ]) 
 by and from 
 POLYONE CORPORATION,
“Mortgagor” 
 to 

BANK OF AMERICA, N.A., in its capacity as Agent, “Mortgagee” 

Dated as of
[                    ] [__], 2012 
  

			
	 Location:
	  	[____________]
	 Municipality:
	  	[____________]
	 County:
	  	[____________]
	 State:
	  	[____________]

 [To be included in mortgage recording tax states where capped: THE MAXIMUM
PRINCIPAL INDEBTEDNESS WHICH IS SECURED BY OR WHICH BY ANY CONTINGENCY MAY BE SECURED BY THIS MORTGAGE IS $                    .]

 THE SECURED PARTY (MORTGAGEE) DESIRES THIS FIXTURE FILING 

TO BE INDEXED AGAINST THE RECORD OWNER OF THE REAL ESTATE DESCRIBED HEREIN. 

PREPARED BY, RECORDING REQUESTED BY, 
 AND WHEN RECORDED MAIL TO: 
 Shearman & Sterling LLP

 599 Lexington Avenue 
 New York, New York 10022-6069 
 Attention: Malcolm K. Montgomery, Esq.

 File # 37051/00033 

 FIRST LIEN MORTGAGE, SECURITY AGREEMENT, ASSIGNMENT OF RENTS 

AND LEASES AND FIXTURE FILING
([                    ]) 
 THIS FIRST LIEN MORTGAGE, SECURITY AGREEMENT, ASSIGNMENT OF RENTS AND LEASES AND FIXTURE FILING
([                    ]) (this “Mortgage”) is dated as of
[                    ] [__], 2012 by and from POLYONE CORPORATION, an Ohio corporation (“Mortgagor”), whose address is
33587 Walker Road, Avon Lake OH 44012 to BANK OF AMERICA, N.A., a national banking association, as administrative agent (in such capacity, “Agent”) for the Secured Parties as defined in the Credit Agreement (defined below),
having an address at
[                                        ]
(Agent, together with its successors and assigns, “Mortgagee”). 
 [To be included in mortgage recording
tax states where capped: ANY PROVISION HEREIN TO THE CONTRARY NOTWITHSTANDING, THE MAXIMUM PRINCIPAL INDEBTEDNESS WHICH IS SECURED BY OR WHICH BY ANY CONTINGENCY MAY BE SECURED BY THIS MORTGAGE IS
$[                    ] (THE “SECURED AMOUNT”).] 

ARTICLE 1 

DEFINITIONS 

Section 1.1 Definitions. All capitalized terms used herein without definition shall have the respective meanings ascribed to them
in that certain Credit Agreement dated as of December [__], 2011, as the same may be amended, amended and restated, supplemented or otherwise modified from time to time (the “Credit Agreement”), among Mortgagor, as borrower,
Agent, as administrative agent, and the other Secured Parties identified therein. As used herein, the following terms shall have the following meanings: 
 (a) “Event of Default”: An Event of Default under and as defined in the Credit Agreement. 
 (b) “Indebtedness”: (1) All indebtedness of Mortgagor to Mortgagee or any of the other Secured Parties under the Credit Agreement or any other Loan Document, including,
without limitation, the sum of all (a) principal, interest and other amounts owing under or evidenced or secured by the Loan Documents and (b) principal, interest and other amounts which may hereafter be lent by Mortgagee or any of the
other Secured Parties under or in connection with the Credit Agreement or any of the other Loan Documents, whether evidenced by a promissory note or other instrument which, by its terms, is secured hereby, and (2) all other indebtedness,
obligations and liabilities now or hereafter existing of any kind of Mortgagor to Mortgagee or any of the other Secured Parties under documents which recite that they are intended to be secured by this Mortgage. The Indebtedness secured hereby
includes, without limitation, all interest and expenses accruing after the commencement by or against Mortgagor or any of its affiliates of a proceeding under the Bankruptcy Code (defined below) or any similar law for the relief of debtors. [To
be included in mortgage recording tax states: Subject to the provisions of Section 2.2, this Mortgage secures all advances under the Credit Agreement.] 
 (c) “Mortgaged Property”: The fee interest in the real property described in Exhibit A attached hereto and incorporated herein by this reference, together with any greater
estate therein as hereafter may be acquired by Mortgagor (the “Land”), and all of Mortgagor’s 

 
right, title and interest now or hereafter acquired in and to (1) all improvements now owned or hereafter acquired by Mortgagor, now or at any time situated, placed or constructed upon the
Land (the “Improvements”; the Land and Improvements are collectively referred to as the “Premises”), (2) all materials, supplies, equipment, apparatus and other items of personal property now
owned or hereafter acquired by Mortgagor and now or hereafter attached to, installed in or used in connection with any of the Improvements or the Land, and water, gas, electrical, telephone, storm and sanitary sewer facilities and all other
utilities whether or not situated in easements, and all equipment, inventory and other goods in which Mortgagor now has or hereafter acquires any rights or any power to transfer rights and that are or are to become fixtures (as defined in the UCC,
defined below) related to the Land (the “Fixtures”), (3) all leases, licenses, concessions, occupancy agreements or other agreements (written or oral, now or at any time in effect) which grant to any Person a possessory
interest in, or the right to use, all or any part of the Mortgaged Property, together with all related security and other deposits (the “Leases”), (4) all of the rents, revenues, royalties, income, proceeds, profits,
accounts receivable, security and other types of deposits, and other benefits paid or payable by parties to the Leases for using, leasing, licensing possessing, operating from, residing in, selling or otherwise enjoying the Mortgaged Property (the
“Rents”), (5) all other agreements, to the extent transferable, such as construction contracts, architects’ agreements, engineers’ contracts, utility contracts, maintenance agreements, management agreements,
service contracts, listing agreements, guaranties, warranties, permits, licenses, certificates and entitlements in any way relating to the construction, use, occupancy, operation, maintenance, enjoyment or ownership of the Mortgaged Property (the
“Property Agreements”), (6) all rights, privileges, tenements, hereditaments, rights-of-way, easements, appendages and appurtenances appertaining to the foregoing, (7) all accessions, replacements and substitutions
for any of the foregoing and all proceeds thereof (the “Proceeds”), (8) all insurance policies, unearned premiums therefor and proceeds from such policies covering any of the above property now or hereafter acquired by
Mortgagor (the “Insurance”), and (9) all awards, damages, remunerations, reimbursements, settlements or compensation heretofore made or hereafter to be made by any governmental authority pertaining to any condemnation or
other taking (or any purchase in lieu thereof) of all or any portion of the Land, Improvements or Fixtures (the “Condemnation Awards”). As used in this Mortgage, the term “Mortgaged Property” shall mean all or,
where the context permits or requires, any portion of the above or any interest therein. 
 (d)
“Obligations”: All of the agreements, covenants, conditions, warranties, representations and other obligations of Mortgagor under the Credit Agreement and the other Loan Documents to which it is a party. 

(e) “Permitted Liens”: Liens described in Sections 7.01 of the Credit Agreement. 

(f) “Security Agreement”: That certain Security Agreement by and from Mortgagor and the other grantors referred
to therein to Agent and the other Secured Parties dated as of December [__], 2011, as the same may hereafter be amended, amended and restated, supplemented or otherwise modified from time to time. 

(g) “UCC”: The Uniform Commercial Code of
[                    ] or, if the creation, perfection and enforcement of any security interest herein granted is governed by

  
 2 

 
the laws of a state other than [                    ], then, as to the matter in
question, the Uniform Commercial Code in effect in that state. 
 ARTICLE 2 

GRANT [TO BE INCLUDED IN MORTGAGE RECORDING TAX STATES: ; REDUCTION 

OF SECURED AMOUNT] 
 Section 2.1 Grant. To secure the full and timely payment of the Indebtedness and the full and timely performance of the Obligations, Mortgagor MORTGAGES, GRANTS, BARGAINS, ASSIGNS, SELLS, CONVEYS
and CONFIRMS, to Mortgagee the Mortgaged Property, subject, however, only to the matters that are set forth on Exhibit B attached hereto (the “Permitted Encumbrances”) and to Permitted Liens, TO HAVE AND TO HOLD the
Mortgaged Property to Mortgagee, and Mortgagor does hereby bind itself, its successors and assigns to WARRANT AND FOREVER DEFEND the title to the Mortgaged Property unto Mortgagee, subject, however, only to Permitted Encumbrances and Permitted
Liens. 
 Section 2.2 Reduction of Secured Amount. [To be included in mortgage recording tax states where
capped: So long as the balance of the Indebtedness equals or exceeds the Secured Amount, the amount of the Indebtedness secured by this Mortgage shall at all times equal only the Secured Amount. So long as the balance of the Indebtedness
exceeds the Secured Amount, any payments of the Indebtedness shall not be deemed to be applied against, or to reduce, the portion of the Indebtedness secured by this Mortgage. Such payments shall instead be deemed to reduce only such portions of the
Indebtedness as are secured by other collateral located outside of the State of [                    ].] 

ARTICLE 3 

WARRANTIES, REPRESENTATIONS AND COVENANTS 
 Mortgagor warrants, represents and covenants to Mortgagee as follows: 
 Section
3.1 Title to Mortgaged Property and Lien of this Instrument. Mortgagor owns the Mortgaged Property free and clear of any liens, claims or interests, except the Permitted Encumbrances and the Permitted Liens. This Mortgage creates valid,
enforceable first priority liens and security interests against the Mortgaged Property, subject to Permitted Encumbrances and Permitted Liens. 
 Section 3.2 Lien Status. Mortgagor shall preserve and protect the first lien and security interest priority of this Mortgage and the other Loan Documents. If any lien or security interest other
than a Permitted Encumbrance or a Permitted Lien is asserted against the Mortgaged Property, Mortgagor shall promptly, after becoming aware of such lien, and at its expense, (a) give Mortgagee a detailed written notice of such lien or security
interest (including origin, amount and other terms), and (b) pay the underlying claim in full or take such other action so as to cause it to be released or contest the same in compliance with the requirements of the Credit Agreement (including
the requirement of providing a bond or other security satisfactory to Mortgagee), but only to the extent required by the Loan Documents. 
 Section 3.3 Payment and Performance. Mortgagor shall pay the Indebtedness when due under the Credit Agreement and the other Loan Documents and shall perform the

  
 3 

 
Obligations in full when they are required to be performed, but only to the extent required by the Loan Documents. 
 Section 3.4 Replacement of Fixtures. Mortgagor shall not, without the prior written consent of Mortgagee, permit any of the Fixtures owned or leased by Mortgagor to be removed at any time from the
Land or Improvements, unless the removed item is removed temporarily for maintenance and repair or is permitted to be removed by the Credit Agreement. 
 Section 3.5 Inspection. Mortgagor shall permit Mortgagee and the other Secured Parties and their respective agents, representatives and employees, upon at least five (5) Business Days’
prior notice to Mortgagor, to inspect the Mortgaged Property and all books and records of Mortgagor located thereon, and to conduct such environmental and engineering studies as Mortgagee or the other Secured Parties may require, provided that such
inspections and studies shall not materially interfere with the use and operation of the Mortgaged Property. 
 Section 3.6
Other Covenants. All of the covenants in the Credit Agreement relating to the Mortgaged Property are incorporated herein by reference and, together with covenants in this Article 3, shall be covenants running with the Land. 

Section 3.7 Insurance; Condemnation Awards and Insurance Proceeds. 

(a) Insurance. Mortgagor shall maintain or cause to be maintained, with financially sound and reputable insurers, insurance with
respect to the Mortgaged Property, as required by the Credit Agreement, against loss or damage of the kinds customarily carried or maintained under similar circumstances by corporations of established reputation engaged in similar businesses. Each
such policy of insurance shall name Mortgagee as the loss payee (or, in the case of liability insurance, an additional insured) thereunder for the ratable benefit of the Secured Parties, shall (except in the case of liability insurance) name
Mortgagee as the “mortgagee” under a so-called “New York” long form non-contributory endorsement and shall provide for at least 30 days’ prior written notice of any cancellation of such policy. In addition to the foregoing,
if any portion of the Mortgaged Property is located in an area identified by the Federal Emergency Management Agency as an area having special flood hazards and in which flood insurance has been made available under the National Flood Insurance Act
of 1968 (or any amendment or successor act thereto), then Mortgagor shall maintain, or cause to be maintained, with a financially sound and reputable insurer, flood insurance in an amount sufficient to comply with all applicable rules and
regulations promulgated pursuant to such Act. 
 (b) Condemnation Awards. Mortgagor assigns all Condemnation Awards to
Mortgagee and authorizes Mortgagee to collect and receive such Condemnation Awards and to give proper receipts and acquittances therefor, subject to the terms of the Credit Agreement, provided that any Condemnation Award related to an
Involuntary Disposition (as defined in the Credit Agreement) shall be made available to Mortgagor as permitted under the terms of the Credit Agreement. 
 (c) Insurance Proceeds. Mortgagor assigns to Mortgagee all proceeds of any insurance policies insuring against loss or damage to the Mortgaged Property. Subject to the terms of the Credit
Agreement, Mortgagor authorizes Mortgagee to collect and receive such 

  
 4 

 
proceeds and authorizes and directs the issuer of each of such insurance policies to make payment for all such losses directly to Mortgagee, instead of to Mortgagor and Mortgagee jointly,
provided that proceeds from any insurance policy related to an Involuntary Disposition (as defined in the Credit Agreement) shall be made available to Mortgagor as permitted under the Credit Agreement. 

ARTICLE 4 

[INTENTIONALLY OMITTED] 
 ARTICLE 5 
 DEFAULT AND FORECLOSURE 

Section 5.1 Remedies. Upon the occurrence and during the continuance of an Event of Default, Mortgagee may, at Mortgagee’s
election, exercise any or all of the following rights, remedies and recourses: 
 (a) Acceleration. Subject to any
provisions of the Loan Documents providing for the automatic acceleration of the Indebtedness upon the occurrence of certain Events of Default, declare the Indebtedness to be immediately due and payable, without further notice, presentment, protest,
notice of intent to accelerate, notice of acceleration, demand or action of any nature whatsoever (each of which hereby is expressly waived by Mortgagor), whereupon the same shall become immediately due and payable. 

(b) Entry on Mortgaged Property. Enter the Mortgaged Property and take exclusive possession thereof and of all books, records and
accounts relating thereto or located thereon. If Mortgagor remains in possession of the Mortgaged Property following the occurrence and during the continuance of an Event of Default and without Mortgagee’s prior written consent, Mortgagee may
invoke any legal remedies to dispossess Mortgagor. 
 (c) Operation of Mortgaged Property. Hold, lease, develop, manage,
operate or otherwise use the Mortgaged Property upon such terms and conditions as Mortgagee may deem reasonable under the circumstances (making such repairs, alterations, additions and improvements and taking other actions, from time to time, as
Mortgagee deems necessary or desirable), and apply all Rents and other amounts collected by Mortgagee in connection therewith in accordance with the provisions of Section 5.7. 

(d) Foreclosure and Sale. Institute proceedings for the complete foreclosure of this Mortgage by judicial action or by power of
sale, in which case the Mortgaged Property may be sold for cash or credit in one or more parcels as Mortgagee may determine. With respect to any notices required or permitted under the UCC, Mortgagor agrees that ten (10) Business Days’
prior written notice shall be deemed commercially reasonable. At any such sale by virtue of any judicial proceedings, power of sale, or any other legal right, remedy or recourse, the title to and right of possession of any such property shall pass
to the purchaser thereof, and to the fullest extent permitted by law, Mortgagor shall be completely and irrevocably divested of all of its right, title, interest, claim, equity, equity of redemption, and demand whatsoever, either at law or in
equity, in and to the property sold and such sale shall be a perpetual bar both at law and in equity against Mortgagor, and against all other Persons claiming or to claim the property sold or 

  
 5 

 
any part thereof, by, through or under Mortgagor. Mortgagee or any of the other Secured Parties may be a purchaser at such sale. If Mortgagee or such other Secured Party is the highest bidder,
Mortgagee or such other Secured Party may credit the portion of the purchase price that would be distributed to Mortgagee or such other Secured Party against the Indebtedness in lieu of paying cash. In the event this Mortgage is foreclosed by
judicial action, appraisement of the Mortgaged Property is waived. 
 (e) Receiver. Make application to a court of
competent jurisdiction for, and obtain from such court as a matter of strict right and without notice to Mortgagor or regard to the adequacy of the Mortgaged Property for the repayment of the Indebtedness, the appointment of a receiver of the
Mortgaged Property, and Mortgagor irrevocably consents to such appointment. Any such receiver shall have all the usual powers and duties of receivers in similar cases, including the full power to rent, maintain and otherwise operate the Mortgaged
Property upon such terms as may be approved by the court, and shall apply such Rents in accordance with the provisions of Section 5.7. 
 (f) Other. Exercise all other rights, remedies and recourses granted under the Loan Documents or otherwise available at law or in equity. 

Section 5.2 Separate Sales. The Mortgaged Property may be sold in one or more parcels and in such manner and order as Mortgagee in
its sole discretion may elect. The right of sale arising out of any Event of Default shall not be exhausted by any one or more sales. 
 Section 5.3 Remedies Cumulative, Concurrent and Nonexclusive. Mortgagee and the other Secured Parties shall have all rights, remedies and recourses granted in the Loan Documents and available at
law or equity (including the UCC), which rights (a) shall be cumulative and concurrent, (b) may be pursued separately, successively or concurrently against Mortgagor or others obligated under the Loan Documents, or against the Mortgaged
Property, or against any one or more of them, at the sole discretion of Mortgagee or such other Secured Party, as the case may be, (c) may be exercised as often as occasion therefor shall arise, and the exercise or failure to exercise any of
them shall not be construed as a waiver or release thereof or of any other right, remedy or recourse, and (d) are intended to be, and shall be, nonexclusive. No action by Mortgagee or any other Secured Party in the enforcement of any rights,
remedies or recourses under the Loan Documents or otherwise at law or equity shall be deemed to cure any Event of Default. 

Section 5.4 Release of and Resort to Collateral. Mortgagee may release, regardless of consideration and without the necessity for
any notice to or consent by the holder of any subordinate lien on the Mortgaged Property, any part of the Mortgaged Property without, as to the remainder, in any way impairing, affecting, subordinating or releasing the lien or security interest
created in or evidenced by the Loan Documents or their priority with respect to the Mortgaged Property. For payment of the Indebtedness, Mortgagee may resort to any other security in such order and manner as Mortgagee may elect. 

Section 5.5 Waiver of Redemption, Notice and Marshalling of Assets. To the fullest extent permitted by law, Mortgagor hereby
irrevocably and unconditionally waives and releases (a) all benefit that might accrue to Mortgagor by virtue of any present or future statute of 

  
 6 

 
limitations or law or judicial decision exempting the Mortgaged Property from attachment, levy or sale on execution or providing for any stay of execution, exemption from civil process,
redemption or extension of time for payment, (b) all notices of any Event of Default or of any election by Mortgagee to exercise or the actual exercise of any right, remedy or recourse provided for under the Loan Documents, and (c) any
right to a marshalling of assets or a sale in inverse order of alienation. 
 Section 5.6 Discontinuance of
Proceedings. If Mortgagee or any other Secured Party shall have proceeded to invoke any right, remedy or recourse permitted under the Loan Documents and shall thereafter elect to discontinue or abandon it for any reason, Mortgagee or such
other Secured Party, as the case may be, shall have the unqualified right to do so and, in such an event, Mortgagor, Mortgagee and the other Secured Parties shall be restored to their former positions with respect to the Indebtedness, the
Obligations, the Loan Documents, the Mortgaged Property and otherwise, and the rights, remedies, recourses and powers of Mortgagee and the other Secured Parties shall continue as if the right, remedy or recourse had never been invoked, but no such
discontinuance or abandonment shall waive any Event of Default which may then exist or the right of Mortgagee or any other Secured Party thereafter to exercise any right, remedy or recourse under the Loan Documents for such Event of Default.

 Section 5.7 Application of Proceeds. The proceeds of any sale of, and the Rents and other amounts generated by
the holding, leasing, management, operation or other use of the Mortgaged Property, shall be applied by Mortgagee (or the receiver, if one is appointed) in the following order unless otherwise required by applicable law: 

(a) to the payment of the costs and expenses of taking possession of the Mortgaged Property and of holding, using, leasing, repairing,
improving and selling the same, including, without limitation (1) receiver’s fees and expenses, including the repayment of the amounts evidenced by any receiver’s certificates, (2) court costs, (3) attorneys’ and
accountants’ fees and expenses, and (4) costs of advertisement; 
 (b) to the payment of the Indebtedness and
performance of the Obligations in such manner and order of preference as Mortgagee in its sole discretion may determine; and 

(c) the balance, if any, to the Persons legally entitled thereto. 

Section 5.8 Occupancy After Foreclosure. Any sale of the Mortgaged Property or any part thereof in accordance with
Section 5.1(d) will divest all right, title and interest of Mortgagor in and to the property sold. Subject to applicable law, any purchaser at a foreclosure sale will receive immediate possession of the property purchased. If Mortgagor
retains possession of such property or any part thereof subsequent to such sale, Mortgagor will be considered a tenant at sufferance of the purchaser, and will, if Mortgagor remains in possession after demand to remove, be subject to eviction and
removal, forcible or otherwise, with or without process of law. 
 Section 5.9 Additional Advances and Disbursements; Costs
of Enforcement. 
 (a) Upon the occurrence and during the continuance of any Event of Default, Mortgagee and each of the
other Secured Parties shall have the right, but not the obligation, to 

  
 7 

 
cure such Event of Default in the name and on behalf of Mortgagor. All sums advanced and expenses incurred at any time by Mortgagee or any other Secured Party under this Section 5.9,
or otherwise under this Mortgage or any of the other Loan Documents or applicable law, shall bear interest from the date that such sum is advanced or expense incurred, to and including the date of reimbursement, computed at the highest rate at which
interest is then computed on any portion of the Indebtedness, and all such sums, together with interest thereon, shall be secured by this Mortgage. 
 (b) Mortgagor shall pay all expenses (including reasonable attorneys’ fees and expenses) of or incidental to the perfection and enforcement of this Mortgage and the other Loan Documents, or the
enforcement, compromise or settlement of the Indebtedness or any claim under this Mortgage and the other Loan Documents, and for the curing thereof, or for defending or asserting the rights and claims of Mortgagee in respect thereof, by litigation
or otherwise. 
 Section 5.10 No Mortgagee in Possession. Neither the enforcement of any of the remedies under this
Article 5, the assignment of the Rents and Leases under Article 6, the security interests under Article 7, nor any other remedies afforded to Mortgagee under the Loan Documents, at law or in equity shall cause Mortgagee or any
other Secured Party to be deemed or construed to be a mortgagee in possession of the Mortgaged Property, to obligate Mortgagee or any other Secured Party to lease the Mortgaged Property or attempt to do so, or to take any action, incur any expense,
or perform or discharge any obligation, duty or liability whatsoever under any of the Leases or otherwise. 
 ARTICLE 6

 ASSIGNMENT OF RENTS AND LEASES 
 Section 6.1 Assignment. In furtherance of and in addition to the assignment made by Mortgagor in Section 2.1 of this Mortgage, Mortgagor hereby absolutely and unconditionally assigns,
sells, transfers and conveys to Mortgagee all of its right, title and interest in and to all Leases, whether now existing or hereafter entered into, and all of its right, title and interest in and to all Rents. This assignment is an absolute
assignment and not an assignment for additional security only. So long as no Event of Default shall have occurred and be continuing, Mortgagor shall have a revocable license from Mortgagee to exercise all rights extended to the landlord under the
Leases, including the right to receive and collect all Rents and to hold the Rents in trust for use in the payment and performance of the Obligations and to otherwise use the same. The foregoing license is granted subject to the conditional
limitation that no Event of Default shall have occurred and be continuing. Upon the occurrence and during the continuance of an Event of Default, whether or not legal proceedings have commenced, and without regard to waste, adequacy of security for
the Obligations or solvency of Mortgagor, the license herein granted shall automatically expire and terminate, without notice to Mortgagor by Mortgagee (any such notice being hereby expressly waived by Mortgagor to the extent permitted by applicable
law). 
 Section 6.2 Perfection Upon Recordation. Mortgagor acknowledges that Mortgagee has taken all actions necessary
to obtain, and that upon recordation of this Mortgage Mortgagee shall have, to the extent permitted under applicable law, a valid and fully perfected, first priority, present assignment of the Rents arising out of the Leases and all security for
such Leases. Mortgagor acknowledges and agrees that upon recordation of this Mortgage Mortgagee’s interest 

  
 8 

 
in the Rents shall be deemed to be fully perfected, “choate” and enforced as to Mortgagor and to the extent permitted under applicable law, all third parties, including, without
limitation, any subsequently appointed trustee in any case under Title 11 of the United States Code (the “Bankruptcy Code”), without the necessity of commencing a foreclosure action with respect to this Mortgage, making
formal demand for the Rents, obtaining the appointment of a receiver or taking any other affirmative action. 
 Section 6.3
Bankruptcy Provisions. Without limitation of the absolute nature of the assignment of the Rents hereunder, Mortgagor and Mortgagee agree that (a) this Mortgage shall constitute a “security agreement” for purposes of
Section 552(b) of the Bankruptcy Code, (b) the security interest created by this Mortgage extends to property of Mortgagor acquired before the commencement of a case in bankruptcy and to all amounts paid as Rents and (c) such security
interest shall extend to all Rents acquired by the estate after the commencement of any case in bankruptcy. 
 Section 6.4 No
Merger of Estates. So long as part of the Indebtedness and the Obligations secured hereby remain unpaid and undischarged, the fee and leasehold estates to the Mortgaged Property shall not merge, but shall remain separate and distinct,
notwithstanding the union of such estates either in Mortgagor, Mortgagee, any tenant or any third party by purchase or otherwise. 
 ARTICLE 7 
 SECURITY AGREEMENT 

Section 7.1 Security Interest. This Mortgage constitutes a “security agreement” on personal property within the meaning
of the UCC and other applicable law and with respect to the Fixtures, Leases, Rents, Property Agreements, Proceeds, Insurance and Condemnation Awards. To this end, Mortgagor grants to Mortgagee a first and prior security interest in the Fixtures,
Leases, Rents, Property Agreements, Proceeds, Insurance, Condemnation Awards and all other Mortgaged Property which is personal property to secure the payment of the Indebtedness and performance of the Obligations, and agrees that Mortgagee shall
have all the rights and remedies of a secured party under the UCC with respect to such property. Any notice of sale, disposition or other intended action by Mortgagee with respect to the Fixtures, Leases, Rents, Property Agreements, Proceeds,
Insurance and Condemnation Awards sent to Mortgagor at least ten (10) Business Days prior to any action under the UCC shall constitute reasonable notice to Mortgagor. In the event of any conflict or inconsistency between the terms of this
Mortgage and the terms of the Security Agreement with respect to the collateral covered both therein and herein, the Security Agreement shall control and govern to the extent of any such conflict or inconsistency. 

Section 7.2 Financing Statements. Mortgagor shall prepare and deliver to Mortgagee such financing statements, and shall execute
and deliver to Mortgagee such other documents, instruments and further assurances, in each case in form and substance satisfactory to Mortgagee, as Mortgagee may, from time to time, reasonably consider necessary to create, perfect and preserve
Mortgagee’s security interest hereunder. Mortgagor hereby irrevocably authorizes Mortgagee to cause financing statements (and amendments thereto and continuations thereof) and any such documents, instruments and assurances to be recorded and
filed, at such times and 

  
 9 

 
places as may be required or permitted by law to so create, perfect and preserve such security interest. Mortgagor represents and warrants to Mortgagee that Mortgagor’s jurisdiction of
organization is the State of Ohio. After the date of this Mortgage, Mortgagor shall not change its name, type of organization, organizational identification number (if any), jurisdiction of organization or location (within the meaning of the UCC)
without giving at least thirty (30) days’ prior written notice to Mortgagee. 
 Section 7.3 Fixture Filing.
This Mortgage shall also constitute a “fixture filing” for the purposes of the UCC against all of the Mortgaged Property which is or is to become fixtures. The information provided in this Section 7.3 is provided so that this
Mortgage shall comply with the requirements of the UCC for a mortgage instrument to be filed as a financing statement. Mortgagor is the “Debtor” and its name and mailing address are set forth in the preamble of this Mortgage immediately
preceding Article 1. Mortgagee is the “Secured Party” and its name and mailing address from which information concerning the security interest granted herein may be obtained are also set forth in the preamble of this Mortgage
immediately preceding Article 1. A statement describing the portion of the Mortgaged Property comprising the fixtures hereby secured is set forth in Section 1.1(c) of this Mortgage. Mortgagor represents and warrants to Mortgagee
that Mortgagor is the record owner of the Mortgaged Property, the employer identification number of Mortgagor is [            ] and the organizational identification number of
Mortgagor is [            ]. 
 ARTICLE 8  

[INTENTIONALLY OMITTED] 
 ARTICLE 9 
 MISCELLANEOUS 

Section 9.1 Notices. Any notice required or permitted to be given under this Mortgage shall be given in accordance with
Section 10.02 of the Credit Agreement. 
 Section 9.2 Covenants Running with the Land. All Obligations contained in
this Mortgage are intended by Mortgagor and Mortgagee to be, and shall be construed as, covenants running with the Land. As used herein, “Mortgagor” shall refer to the party named in the first paragraph of this Mortgage and to any
subsequent owner of all or any portion of the Mortgaged Property. All Persons who may have or acquire an interest in the Mortgaged Property shall be deemed to have notice of, and be bound by, the terms of the Credit Agreement and the other Loan
Documents; provided, however, that no such party shall be entitled to any rights thereunder without the prior written consent of Mortgagee. 
 Section 9.3 Attorney-in-Fact. Mortgagor hereby irrevocably appoints Mortgagee as its attorney-in-fact, which agency is coupled with an interest and with full power of substitution, with full
authority in the place and stead of Mortgagor and in the name of Mortgagor or otherwise (a) to execute and/or record any notices of completion, cessation of labor or any other notices that Mortgagee deems appropriate to protect Mortgagee’s
interest, if Mortgagor shall fail to do so within ten (10) Business Days after written request by Mortgagee, (b) upon the issuance of a deed pursuant to the foreclosure of this Mortgage or the delivery of a deed in lieu of foreclosure, to
execute all instruments of assignment, conveyance or further assurance with 

  
 10 

 
respect to the Leases, Rents, Property Agreements, Proceeds, Insurance and Condemnation Awards in favor of the grantee of any such deed and as may be necessary or desirable for such purpose,
(c) to prepare and file or record financing statements and continuation statements, and to prepare, execute and file or record applications for registration and like papers necessary to create, perfect or preserve Mortgagee’s security
interests and rights in or to any of the Mortgaged Property, and (d) after the occurrence and during the continuance of any Event of Default, to perform any obligation of Mortgagor hereunder; provided, however, that (1) Mortgagee
shall not under any circumstances be obligated to perform any obligation of Mortgagor; (2) any sums advanced by Mortgagee in such performance shall be added to and included in the Indebtedness and shall bear interest at the highest rate at
which interest is then computed on any portion of the Indebtedness; (3) Mortgagee as such attorney-in-fact shall only be accountable for such funds as are actually received by Mortgagee; and (4) Mortgagee shall not be liable to Mortgagor
or any other person or entity for any failure to take any action which it is empowered to take under this Section 9.3. 
 Section 9.4 Successors and Assigns. This Mortgage shall be binding upon and inure to the benefit of Mortgagee, the other Secured Parties and Mortgagor and their respective successors and assigns.
Mortgagor shall not, without the prior written consent of Mortgagee, assign any rights, duties or obligations hereunder. 

Section 9.5 No Waiver. Any failure by Mortgagee or the other Secured Parties to insist upon strict performance of any of the
terms, provisions or conditions of the Loan Documents shall not be deemed to be a waiver of same, and Mortgagee and the other Secured Parties shall have the right at any time to insist upon strict performance of all of such terms, provisions and
conditions. 
 Section 9.6 Credit Agreement. If any conflict or inconsistency exists between this Mortgage and the Credit
Agreement, the Credit Agreement shall control and govern to the extent of any such conflict or inconsistency. 
 Section 9.7
Release or Reconveyance. Upon payment in full of the Indebtedness and performance in full of the Obligations or upon a sale or other disposition of the Mortgaged Property permitted by the Credit Agreement, Mortgagee, at Mortgagor’s
request and expense, shall release the liens and security interests created by this Mortgage or reconvey the Mortgaged Property to Mortgagor. 
 Section 9.8 Waiver of Stay, Moratorium and Similar Rights. Mortgagor agrees, to the full extent that it may lawfully do so, that it will not at any time insist upon or plead or in any way take
advantage of any stay, marshalling of assets, extension, redemption or moratorium law now or hereafter in force and effect so as to prevent or hinder the enforcement of the provisions of this Mortgage or the Indebtedness or Obligations secured
hereby, or any agreement between Mortgagor and Mortgagee or any rights or remedies of Mortgagee or any other Secured Party. 

Section 9.9 Applicable Law. The provisions of this Mortgage regarding the creation, perfection and enforcement of the liens and
security interests herein granted shall be governed by and construed under the laws of the state in which the Mortgaged Property is located. All other 

  
 11 

 
provisions of this Mortgage shall be governed by the laws of the State of New York (including, without limitation, Section 5-1401 of the General Obligations Law of the State of New York).

 Section 9.10 Headings. The Article, Section and Subsection titles hereof are inserted for convenience of reference
only and shall in no way alter, modify or define, or be used in construing, the text of such Articles, Sections or Subsections. 

Section 9.11 Severability. If any provision of this Mortgage shall be held by any court of competent jurisdiction to be unlawful,
void or unenforceable for any reason, such provision shall be deemed severable from and shall in no way affect the enforceability and validity of the remaining provisions of this Mortgage. 

Section 9.12 Entire Agreement. This Mortgage and the other Loan Documents embody the entire agreement and understanding between
Mortgagor and Mortgagee relating to the subject matter hereof and thereof and supersede all prior agreements and understandings between such parties relating to the subject matter hereof and thereof. Accordingly, the Loan Documents may not be
contradicted by evidence of prior, contemporaneous or subsequent oral agreements of the parties. There are no unwritten oral agreements between the parties. 
 Section 9.13 Mortgagee as Agent; Successor Agents. 
 (a) Agent has been
appointed to act as Agent hereunder by the other Secured Parties. Agent shall have the right hereunder to make demands, to give notices, to exercise or refrain from exercising any rights, and to take or refrain from taking any action (including,
without limitation, the release or substitution of the Mortgaged Property) in accordance with the terms of the Credit Agreement, any related agency agreement among Agent and the other Secured Parties (collectively, as amended, amended and restated,
supplemented or otherwise modified or replaced from time to time, the “Agency Documents”) and this Mortgage. Mortgagor and all other Persons shall be entitled to rely on releases, waivers, consents, approvals, notifications
and other acts of Agent, without inquiry into the existence of required consents or approvals of the Secured Parties therefor. 

(b) Mortgagee shall at all times be the same Person that is Agent under the Agency Documents. Written notice of resignation by Agent
pursuant to the Agency Documents shall also constitute notice of resignation as Agent under this Mortgage. Removal of Agent pursuant to any provision of the Agency Documents shall also constitute removal as Agent under this Mortgage. Appointment of
a successor Agent pursuant to the Agency Documents shall also constitute appointment of a successor Agent under this Mortgage. Upon the acceptance of any appointment as Agent by a successor Agent under the Agency Documents, that successor Agent
shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring or removed Agent as the Mortgagee under this Mortgage, and the retiring or removed Agent shall promptly (i) assign and transfer to
such successor Agent all of its right, title and interest in and to this Mortgage and the Mortgaged Property, and (ii) execute and deliver to such successor Agent such assignments and amendments and take such other actions, as may be necessary
or appropriate in connection with the assignment to such successor Agent of the liens and security interests created hereunder, whereupon such retiring or removed Agent shall be discharged from its duties and obligations under this Mortgage. After
any retiring or removed 

  
 12 

 
Agent’s resignation or removal hereunder as Agent, the provisions of this Mortgage and the Agency Documents shall inure to its benefit as to any actions taken or omitted to be taken by it
under this Mortgage while it was Agent hereunder. 
 Section 9.14 Subrogation. If any or all of the proceeds of the
Indebtedness are used to extinguish, extend or renew any indebtedness heretofore existing against the Mortgaged Property, then, to the extent of the funds so used, Mortgagee and the other Secured Parties shall be subrogated to all of the rights,
claims, liens, titles, and interests existing against the Mortgaged Property heretofore held by, or in favor of, the holder of such indebtedness and such former rights, claims, liens, titles, and interests, if any, are not waived but rather are
continued in full force and effect in favor of Mortgagee and the other Secured Parties and are merged with the lien and security interest created herein as cumulative security for the repayment of the Indebtedness and the performance of the
Obligations. 
 ARTICLE 10 
 LOCAL LAW PROVISIONS 
 [To Come] 

[The remainder of this page has been intentionally left blank] 

  
 13 

 IN WITNESS WHEREOF, Mortgagor has on the date set forth in the acknowledgement
hereto, effective as of the date first above written, caused this instrument to be duly EXECUTED AND DELIVERED by authority duly given. 
  

									
	 MORTGAGOR:
	 		 	 POLYONE CORPORATION,

an Ohio corporation

					
		 		 		 	By:	 	 
		 		 		 		 	Name:
		 		 		 		 	Title:
					
		 		 		 	By:	 	 
		 		 		 		 	Name:
		 		 		 		 	Title:

  
 S-1

			
	STATE OF                 	  	)
		  	)ss.
	COUNTY OF                 	  	)

 Before me, a Notary Public in and for said County and State, personally appeared
                                    , the
                         of POLYONE CORPORATION, and
                                    , the
                         of POLYONE CORPORATION, the corporation which executed the foregoing instrument, each signed the
same and acknowledged to me that he/she did so sign said instrument in the name and upon behalf of said corporation as such officer, that the same is his/her free act and deed as such officer and the free act and deed of said corporation; that
he/she was duly authorized thereunto by its board of directors. In testimony whereof, I have hereunto subscribed my name, and affixed my seal at
                             this
             day of                     , 2012. 

IN WITNESS WHEREOF, I have hereunto set my hand and official seal. 

 

	
	  
	Notary Public

 My Commission Expires: 
 ______________________________ 

  
 N-1

 EXHIBIT A 
 LEGAL DESCRIPTION 
 Legal Description of premises located at
[                                         
               ]: 
 [See Attached Page(s)
For Legal Description] 

  
 Exh. A-1

 [EXHIBIT B 
 PERMITTED ENCUMBRANCES] 
 Those exceptions set forth in Schedule B of that certain policy
of title insurance issued to Mortgagee by [                            ] on or about the date hereof
pursuant to commitment number [            ]. 

 EXHIBIT H 

FORM OF INTELLECTUAL PROPERTY SECURITY AGREEMENT 
 [separately attached] 
 Intentially omitted 

 EXHIBIT I 

FORM OF INTERCOMPANY SUBORDINATION AGREEMENT 
 [separately attached] 

 INTERCOMPANY SUBORDINATION AGREEMENT 

THIS INTERCOMPANY SUBORDINATION AGREEMENT (this “Agreement”), dated as of December 21, 2011, is made among
the Loan Parties (as hereinafter defined), the Non-Loan Parties (as hereinafter defined), Bank of America, N.A. in its capacity as administrative agent pursuant to the Credit Agreement (as hereinafter defined) (in such capacity, together with any
successors in such capacity, the “Administrative Agent”) (such capitalized terms and all other capitalized terms used herein without definition shall have the meanings provided for in Section 1). 

WHEREAS, PolyOne Corporation (the “Company”), the Administrative Agent and the lending institutions listed therein have,
in connection with the execution and delivery of this Agreement, entered into that certain Credit Agreement, dated as of December 21, 2011 (as amended, amended and restated, supplemented or otherwise modified from time to time, the
“Credit Agreement”); 
 WHEREAS, Borrowers and each of the Subsidiaries defined as “Loan
Parties” under the Credit Agreement are collectively referred to herein as the “Loan Parties” and each a “Loan Party”; 
 WHEREAS, each of the Subsidiaries of Company not defined as “Loan Parties” under the Credit Agreement are collectively referred to herein as the “Non-Loan Parties” and
each a “Non-Loan Party”; 
 WHEREAS, each of the Loan Parties and the Non-Loan Parties are collectively
referred to herein as the “Companies” and each a “Company”; 
 WHEREAS, one or more of the
Non-Loan Parties has made or may make certain Investments taking the form of a loan or advance and loans or advances from time to time to a Loan Party (including, but not limited to the Existing Intercompany Loans, as hereinafter defined) or has
received the benefit of a guarantee from a Loan Party for the repayment of Investments taking the form of a loan or advance and loans or advances made from a Non-Loan Party to another Non-Loan Party (including, but not limited to the Existing
PolyOne Intercompany Guarantees, as hereinafter defined); 
 WHEREAS, the Companies will each benefit by the financial
accommodations extended to Borrowers by the Lenders under the Credit Agreement; and 
 WHEREAS, in order to induce
Administrative Agent and the Lenders to enter into the Credit Agreement and the other Loan Documents and to induce the Lenders to make financial accommodations to Borrower as provided for in the Credit Agreement, each Company has agreed to the
subordination of such Investments, loans or advances of each Non-Loan Party to each Loan Party, upon the terms and subject to the conditions set forth in this Agreement. 
 NOW, THEREFORE, in consideration of the mutual promises, covenants, conditions, representations, and warranties set forth herein and for other good and valuable consideration, the parties hereto agree as
follows: 
 SECTION 1. Definitions; Interpretation. 

(a) Terms Defined in Credit Agreement. All capitalized terms used in this Agreement and not otherwise defined herein shall have
the meanings assigned to them in the Credit Agreement. 

 (b) Certain Defined Terms. As used in this Agreement, the following terms shall have
the following meanings: 
 “Administrative Agent” has the meaning set forth in the preamble to this Agreement.

 “Agreement” has the meaning set forth in the preamble to this Agreement. 

“Borrower” has the meanings set forth in the recitals to this Agreement. 

“Company” and “Companies” have the meanings set forth in the recitals to this Agreement. 

“Existing Intercompany Loans” means the Investments taking the form of a loan or advance and loans or advances by
Non-Loan Parties to Loan Parties existing on the date hereof, including, but not limited to, those listed on Schedule 1 hereto. 
 “Existing Parent Intercompany Guarantees” has the meaning set forth within the definition of Subordinated Debt Documents. 

“Insolvency Event” means, as to any Person, any of the following: (a) any case or proceeding with respect to such
Person under the U.S. Bankruptcy Code or any other Federal or State bankruptcy, insolvency, reorganization or other law affecting creditors’ rights generally or any other or similar proceedings under the laws of any jurisdiction now or
hereafter in effect (whether at a law or equity) or (b) any proceeding seeking the appointment of any trustee, receiver, liquidator, custodian or other insolvency official with similar powers with respect to such Person or any or all of its
assets or properties or (c) any proceedings for liquidation, dissolution or other winding up of the business of such Person or (d) any assignment for the benefit of creditors or any marshaling of assets of such Person.  

“Lenders” has the meaning set forth in the recitals to this Agreement. 

“Loan Party” and “Loan Parties” have the meanings set forth in the recitals to this Agreement.

 “Non-Loan Party” and “Non-Loan Parties” have the meanings set forth in the recitals to this
Agreement. 
 “payment in full” or “paid in full” means the indefeasible payment and
satisfaction in full in cash of all of the Senior Debt and the termination of the financing arrangements provided by Senior Claimholders to Loan Parties (but not including for this purpose the refinancing or replacement of the Senior Claimholders).
If after receipt of any payment of, or proceeds of collateral applied to the payment of, any of the Senior Debt, Administrative Agent or any Senior Claimholder is required to surrender or return such payment or proceeds to any person for any reason,
then the Senior Debt intended to be satisfied by such payment or proceeds shall be reinstated and continue and this Agreement shall continue in full force and effect as if such payment or proceeds had not been received by Administrative Agent or
such Senior Claimholder, as the case may be. 
 “Senior Claimholders” means, at any relevant time, the holders
of Senior Debt at such time, including the Lenders, the Administrative Agent, and any other agent under the Credit Agreement. 

“Senior Debt” means the Obligations and other indebtedness, liabilities, and guaranties of Borrowers or Loan Parties to
Senior Claimholders arising under or in connection with the Credit 

 
Agreement and the other Loan Documents, whether arising before, during or after the initial or any renewal term of the Credit Agreement or after the commencement of any case with respect to any
Loan Party under the U.S. Bankruptcy Code or any similar statute (and including, without limitation, any principal, interest, fees, costs, expenses and other amounts, whether or not such amounts are allowable either in whole or in part, in any such
case or similar proceeding), and all other amounts payable by the Borrowers or any other Loan Party to Senior Claimholders thereunder or in connection therewith, whether now existing or hereafter arising, and whether due or to become due, absolute
or contingent, liquidated or unliquidated, determined or undetermined. 
 “Subordinated Debt” means, with
respect to each Loan Party, all Indebtedness, indebtedness, liabilities, guarantees and other obligations of any Loan Party owing to a Non-Loan Party in respect of any and all Investments taking the form of a loan, advance or guarantees and loans,
advances or guarantees arising under or in connection with the Subordinated Debt Documents (including, but not limited to, the Existing Intercompany Loans and the Existing Parent Intercompany Guarantees) or otherwise, whether arising before, during
or after the initial or any renewal term of any Subordinated Debt Documents or after the commencement of any case with respect to any Loan Party under the U.S. Bankruptcy Code or any similar statute (and including, without limitation, any principal,
interest, fees, costs, expenses and other amounts, whether or not such amounts are allowable either in whole or in part, in any such case or similar proceeding), whether now existing or hereafter arising, and whether due or to become due, absolute
or contingent, liquidated or unliquidated, determined or undetermined, including all fees and all other amounts payable by any Loan Party to such Non-Loan Party under or in connection with any documents or instruments related thereto. 

“Subordinated Debt Documents” means, collectively, all agreements, documents and instruments at any time executed and/or
delivered by any Loan Party or any other person to, with or in favor of any Non-Loan Party in connection with the Subordinated Debt, as the same now exist or may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced,
including, without limitation, (a) each of the loan agreements among PolyOne International Finance Company, a company organized under the laws of Ireland (“PolyOne International”), as lender, various Non-Loan Parties, as borrowers and
the Company, as guarantor, including those agreements set forth on Schedule 2 hereto, pursuant to which Company has guaranteed to PolyOne International the repayment by such borrowers of all outstanding amounts in respect thereof (the
“Existing Parent Intercompany Guarantees”), and (b) the Existing Intercompany Loans. 

“Subordinated Debt Payment” means any payment or distribution by or on behalf of the Loan Parties, directly or
indirectly, of assets of the Loan Parties of any kind or character, whether in cash, property, or securities, including on account of the purchase, redemption, or other acquisition of Subordinated Debt, as a result of a collection, sale, or other
disposition of collateral, or by setoff, exchange, or in any other manner, for or on account of the Subordinated Debt. 
 (c)
Interpretation. Unless the context of this Agreement clearly requires otherwise, references to the plural include the singular, references to the singular include the plural, the term “including” is not limiting, and the term
“or” has, except where otherwise indicated, the inclusive meaning represented by the phrase “and/or.” The words “hereof,” “herein,” “hereby,” “hereunder,” and similar terms in this
Agreement refer to this Agreement as a whole and not to any particular provision of this Agreement. Section, subsection, clause, schedule, and exhibit references are to this Agreement unless otherwise specified. References to agreements and other
contractual instruments shall be deemed to include all subsequent amendments and other modifications thereto. References to statutes or regulations are to be construed as including all statutory and regulatory provisions consolidating, amending, or
replacing the statute or regulation referred to. The captions and headings are for convenience of reference only and shall not affect the construction of this Agreement. 

 SECTION 2. Subordination to Payment of Senior Debt. The right to payment and
satisfaction of the Subordinated Debt is hereby subject, subordinate, and junior, to the extent and in the manner set forth herein, to the prior payment in full of the Senior Debt. 

SECTION 3. Subordination Upon Any Distribution of Assets of the Companies. In the event of any payment or distribution of assets
of any Loan Party of any kind or character, whether in cash, property, or securities, upon the occurrence of any Insolvency Event: (i) all amounts owing on account of the Senior Debt shall first be paid in full before any Subordinated Debt
Payment is made; and (ii) to the extent permitted by applicable law, any Subordinated Debt Payment to which any Non-Loan Party would be entitled except for the provisions hereof, shall be paid or delivered by the trustee in bankruptcy,
receiver, assignee for the benefit of creditors, or other liquidating agent making such payment or distribution directly to Administrative Agent for application to the payment of the Senior Debt. 

SECTION 4. Payments on Subordinated Debt. 
 Unless and until payment in full of the Senior Debt has occurred, no Loan Party may make and no Non-Loan Party may accept or receive any Subordinated Debt Payment, except, that, each Loan
Party may make, and each Non-Loan Party shall be entitled to accept and receive, Subordinated Debt Payments in the ordinary course of business and to the extent permitted pursuant to the provisions of the Credit Agreement, so long as each of the
following conditions are satisfied as to any such payment: 
 (a) as of the date of such payment and after giving effect
thereto, no Default or Event of Default shall exist or have occurred and be continuing; and 
 (b) the making of such payment is
not prohibited under the ABL Facility. 
 SECTION 5. Subordination of Remedies. No Non-Loan Party shall, without the
prior written consent of Administrative Agent: 
 (a) accelerate, make demand, or otherwise make due and payable prior to the
original due date thereof any Subordinated Debt or bring suit or institute any other actions or proceedings to enforce its rights or interests in respect of the obligations of any Loan Party owing to such Non-Loan Party; 

(b) exercise any rights under or with respect to guaranties of the Subordinated Debt, if any; 

(c) exercise any rights to set-offs and counterclaims in respect of any indebtedness, liabilities, or obligations of such Non-Loan Party
to any Loan Party against any of the Subordinated Debt; or 
 (d) commence, or cause to be commenced, or join with any creditor
other than Administrative Agent and the Lenders in commencing, any bankruptcy, insolvency, or receivership proceeding against any Loan Party. 
 SECTION 6. Payment Over to Administrative Agent. In the event that, notwithstanding the provisions of Section 3, Section 4, and Section 5, any Subordinated Debt
Payments shall be received in contravention of Section 3, Section 4, or Section 5 by any Non-Loan Party before all Senior Debt is paid in full, such Subordinated Debt Payments shall be held in trust for the
benefit of Administrative Agent and the other Senior Claimholders and shall be promptly paid over or delivered to Administrative Agent for application to the payment in full of all Senior Debt remaining unpaid. 

 SECTION 7. Authorization to Administrative Agent. If, while any Subordinated Debt is
outstanding, any Insolvency Event shall occur and be continuing with respect to any Loan Party: (i) Administrative Agent hereby is irrevocably authorized and empowered (in the name of each Non-Loan Party or otherwise), but shall have no
obligation, to demand, sue for, collect, and receive every payment or distribution in respect of the Subordinated Debt and give acquittance therefor and to file claims and proofs of claim and take such other action (including voting the Subordinated
Debt) as it may deem necessary or advisable for the exercise or enforcement of any of the rights or interests of Administrative Agent or any other Senior Claimholder; and (ii) each Non-Loan Party shall promptly take such action as
Administrative Agent reasonably may request (A) to collect the Subordinated Debt for the account of Administrative Agent and the other Senior Claimholders and to file appropriate claims or proofs of claim in respect of the Subordinated Debt,
(B) to execute and deliver to Administrative Agent such powers of attorney, assignments, and other instruments as it may request to enable it to enforce any and all claims with respect to the Subordinated Debt, and (C) to collect and
receive any and all Subordinated Debt Payments. 
 SECTION 8. Certain Agreements of Each Company. 

(a) No Benefits. Each Company understands that there may be various agreements between Administrative Agent, the other Senior
Claimholders and the Loan Parties evidencing and governing the Senior Debt, and each Company acknowledges and agrees that such agreements are not intended to confer any benefits on such Company and that neither Administrative Agent nor any other
Senior Claimholder shall have any obligation to such Company or any other Person to exercise any rights, enforce any remedies, or take any actions which may be available to them under such agreements. 

(b) No Interference. Each Company acknowledges that the Loan Parties have granted or may from time to time grant to Administrative
Agent, for the benefit of the Senior Claimholders, security interests in any or all of their respective assets, and each Company agrees not to interfere with or in any manner oppose a disposition of any such Collateral by Administrative Agent in
accordance with applicable law. 
 (c) Reliance by Administrative Agent and the Senior Claimholders. Each Company
acknowledges and agrees that Administrative Agent and the other Senior Claimholders will have relied upon and will continue to rely upon the subordination provisions provided for herein and the other provisions hereof in entering into the Loan
Documents and making or issuing the Loans or other financial accommodations thereunder. 
 (d) Waivers. Except as
provided under the Loan Documents, each Company hereby waives (i) any and all notice of the incurrence of the Senior Debt or any part thereof, (ii) notice of presentment, demand, protest, notice of protest, notice of nonpayment or default
and all other notices to which any Non-Loan Party and any Loan Party are or may be entitled (except as expressly provided for herein or as to any Loan Party, in the Loan Documents) and (iii) any right to require marshaling of assets.

 (e) Obligations of Each Company Not Affected. Each Company hereby agrees that at any time and from time to time,
without notice to or the consent of such Company, without incurring responsibility to such Company, and without impairing or releasing the subordination provided for herein or otherwise impairing the rights of Administrative Agent or any other
Senior Claimholder hereunder, (i) the time for any of the Loan Parties’ performance of or compliance with any of its agreements contained in the Loan Documents may be extended or such performance or compliance may be waived by
Administrative Agent (in accordance with the Loan Documents); (ii) the agreements of any Loan Party with respect to the Loan Documents may from time to time be modified by such Loan Party, Administrative Agent and the other Senior Claimholders
(in accordance with the Loan Documents) for 

 
the purpose of adding any requirements thereto or changing in any manner the rights and obligations of such Loan Party, Administrative Agent or the other Senior Claimholders thereunder;
(iii) the manner, place, or terms for payment of Senior Debt or any portion thereof may be altered or the terms for payment extended, or the Senior Debt may be renewed in whole or in part; (iv) the maturity of the Senior Debt may be
accelerated in accordance with the terms of any present or future agreement by any Loan Party, Administrative Agent and the other Senior Claimholders (in accordance with the Loan Documents); (v) any Collateral may be sold, exchanged, released,
or substituted and any Lien in favor of Administrative Agent or any other Senior Claimholder may be terminated, subordinated, or fail to be perfected or become unperfected; (vi) any Person liable in any manner for Senior Debt may be discharged,
released, or substituted; (vii) all other rights against the Loan Parties, any other Person, or with respect to any Collateral may be exercised (or Administrative Agent or any other Senior Claimholder may waive or refrain from exercising such
rights in accordance with the Loan Documents); and/or (viii) any Senior Claimholder may elect, in any proceeding instituted under the U.S. Bankruptcy Code the application of Section 1111(b)(2) of the U.S. Bankruptcy Code. 

(f) Rights of Administrative Agent and the Other Senior Claimholders Not to Be Impaired. No right of Administrative Agent or any
other Senior Claimholder to enforce the subordination provided for herein or to exercise its other rights hereunder shall at any time in any way be prejudiced or impaired by any act or failure to act by any Company, Administrative Agent or any other
Senior Claimholder hereunder or under or in connection with the other Loan Documents or by any noncompliance by the Companies with the terms and provisions and covenants herein or in any other Loan Document, regardless of any knowledge thereof
Administrative Agent or any other Senior Claimholder may have or otherwise be charged with. 
 SECTION 9. Subrogation.
Until the payment and performance in full in cash of all Senior Debt, no Non-Loan Party shall have, nor shall it directly or indirectly exercise, any rights that it may acquire by way of subrogation under this Agreement, by any payment or
distribution to Administrative Agent or any other Senior Claimholder hereunder or otherwise. Upon the payment and performance in full in cash of all Senior Debt, each Non-Loan Party shall be subrogated to the rights of Administrative Agent and the
other Senior Claimholders to receive payments or distributions applicable to the Senior Debt until the Subordinated Debt shall be paid in full. For the purposes of the foregoing subrogation, no payments or distributions to Administrative Agent or
any other Senior Claimholder of any cash, property, or securities to which any Non-Loan Party would be entitled except for the provisions of Section 3, Section 4, or Section 5 shall, as among such Non-Loan Party,
its creditors (other than Administrative Agent and the other Senior Claimholders), and the other Companies, be deemed to be a payment by the other Companies to or on account of the Senior Debt. 

SECTION 10. Continuing Agreement; Reinstatement. 
 (a) Continuing Agreement. This Agreement is a continuing agreement of subordination and shall continue in effect and be binding upon each Company until payment and performance in full in cash of
the Senior Debt. The subordinations, agreements, and priorities set forth herein shall remain in full force and effect regardless of whether any party hereto in the future seeks to rescind, amend, terminate, or reform, by litigation or otherwise,
its respective agreements with the other Companies. 
 (b) Reinstatement. This Agreement shall continue to be effective
or shall be reinstated, as the case may be, if, for any reason, any payment of the Senior Debt by or on behalf of any other Loan Party shall be rescinded or must otherwise be restored by Administrative Agent or any other Senior Claimholder, whether
as a result of an Insolvency Event or otherwise. 

 SECTION 11. Obligations of the Companies Not Affected. The provisions of this
Agreement are intended solely for the purpose of defining the relative rights of each Company against the other Companies, on the one hand, and of Administrative Agent and the other Senior Claimholders against the Companies, on the other hand.
Nothing contained in this Agreement shall (i) impair, as between each Loan Party and the Non-Loan Parties, the obligation of the Non-Loan Parties to pay their respective obligations with respect to the Subordinated Debt as and when the same
shall become due and payable, or (ii) otherwise affect the relative rights of each Non-Loan Party against the Loan Parties, on the one hand, and of the creditors (other than Administrative Agent and the other Senior Claimholders) of any
Non-Loan Party against the Loan Parties, on the other hand. 
 SECTION 12. Endorsement of Company Documents; New
Subsidiaries; Further Assurances and Additional Acts. 
 (a) New Subsidiaries. To the extent required pursuant to the
Credit Agreement, each Company will cause any new direct or indirect Subsidiary (whether by acquisition or creation) of such Company to execute and deliver in favor of Administrative Agent an instrument of joinder by which such new Subsidiary shall
become either a Loan Party or Non-Loan Party hereunder with the same force and effect as if originally named as a Loan Party or Non-Loan Party herein. The execution and delivery of any such instrument adding an additional Company as a party to this
Agreement shall not require the consent of any other Company hereunder. The rights and obligations of each Company hereunder shall remain in full force and effect notwithstanding the addition of any new Company hereunder. 

(b) Further Assurances and Additional Acts. Each Company shall execute, acknowledge, deliver, file, notarize, and register at its
own expense all such further agreements, instruments, certificates, financing statements, documents, and assurances, and perform such acts as Administrative Agent reasonably shall deem necessary or appropriate to effectuate the purposes of this
Agreement, and promptly provide Administrative Agent with evidence of the foregoing reasonably satisfactory in form and substance to Administrative Agent. 
 SECTION 13. Notices. All notices and other communications to Loan Parties and to Non-Loan Parties provided for hereunder shall, unless otherwise stated herein, be in writing (including by facsimile
transmission) and shall be mailed, sent, or delivered in accordance with the notice provisions contained in the Credit Agreement to PolyOne Corporation. 
 SECTION 14. Insolvency. This Agreement shall be applicable both before and after the filing of any petition by or against any Loan Party under the U.S. Bankruptcy Code and all converted or
succeeding cases in respect thereof, and all references herein to any Loan Party shall be deemed to apply to a trustee for such Loan Party and such Loan Party as debtor in possession. The relative rights of Senior Claimholders and Non-Loan Parties
to repayment of the Senior Debt and the Subordinated Debt, respectively, and in or to any distributions from or in respect of any Loan Party or any proceeds of any Loan Party’s property and assets, shall continue after the filing thereof on the
same basis as prior to the date of the petition, subject to any court order approving the financing of, or use of cash collateral by, such Loan Party as debtor in possession. 
 SECTION 15. No Waiver; Cumulative Remedies. No failure on the part of Administrative Agent or any other Senior Claimholder to exercise, and no delay in exercising, any right, remedy, power, or
privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right, remedy, power, or privilege preclude any other or further exercise thereof or the exercise of any other right, remedy, power, or
privilege. The rights and remedies under this Agreement are cumulative and not exclusive of any rights, remedies, powers, and privileges that may otherwise be available to Administrative Agent or any other Senior Claimholder. 

 SECTION 16. Survival. All covenants, agreements, representations and warranties made
in this Agreement shall, except to the extent otherwise provided herein, survive the execution and delivery of this Agreement, and shall continue in full force and effect so long as any Senior Debt remains unpaid. 

SECTION 17. Benefits of Agreement. This Agreement is entered into for the sole protection and benefit of the parties hereto and
their successors and assigns, and no other Person shall be a direct or indirect beneficiary of, or shall have any direct or indirect cause of action or claim in connection with, this Agreement. 

SECTION 18. Binding Effect. This Agreement shall be binding upon, inure to the benefit of and be enforceable by each Company,
Administrative Agent, each other Senior Claimholder and their respective successors and permitted assigns. 
 SECTION 19.
Governing Law; Jurisdiction; Etc. 
 (a) GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 
 (b) SUBMISSION TO JURISDICTION. SUBJECT TO THE LAST SENTENCE OF
THIS SECTION 18(b), EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE EXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY AND OF THE UNITED STATES DISTRICT
COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF
THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL
COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS AGREEMENT
OR IN ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT THE ADMINISTRATIVE AGENT, ANY LENDER OR THE L/C ISSUER MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO ENFORCEMENT OF RIGHTS UNDER THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT,
INCLUDING WITH RESPECT TO COLLATERAL, AGAINST ANY LOAN PARTY OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION. 
 (c)
WAIVER OF VENUE. EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR
RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT IN ANY COURT REFERRED TO IN PARAGRAPH (B) OF THIS SECTION. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN
INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT. 

 (d) SERVICE OF PROCESS. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS
IN THE MANNER PROVIDED FOR NOTICES IN SECTION 13. NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW. 

SECTION 20. Waiver of Jury Trial. 
 (a) EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF
OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY
OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO
THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

SECTION 21. Entire Agreement; Amendments and Waivers. 
 (a) Entire Agreement. This Agreement constitutes the entire agreement of each of the Companies, Administrative Agent and each of the other Senior Claimholders with respect to the matters set forth
herein and supersedes any prior agreements, commitments, drafts, communications, discussions and understandings, oral or written, with respect thereto. 
 (b) Amendments and Waivers. Other than as expressly provided for in Section 13(a) no amendment to any provision of this Agreement shall in any event be effective unless the same shall
be in writing and signed by each of the Companies and Administrative Agent; and no waiver of any provision of this Agreement, or consent to any departure by any Company therefrom, shall in any event be effective unless the same shall be in writing
and signed by Administrative Agent. Any such amendment, waiver, or consent shall be effective only in the specific instance and for the specific purpose for which given. 
 SECTION 22. Conflicts. In case of any conflict or inconsistency between any terms of this Agreement, on the one hand, and any documents or instruments in respect of the Subordinated Debt, on the
other hand, then the terms of this Agreement shall control. 
 SECTION 23. Severability. Whenever possible, each
provision of this Agreement shall be interpreted in such manner as to be effective and valid under all applicable laws and regulations. If, however, any provision of this Agreement shall be prohibited by or invalid under any such law or regulation
in any jurisdiction, it shall, as to such jurisdiction, be deemed modified to conform to the minimum requirements of such law or regulation, or, if for any reason it is not deemed so modified, it shall be ineffective and invalid only to the extent
of such prohibition or invalidity without affecting the remaining provisions of this Agreement or the validity or effectiveness of such provision in any other jurisdiction. 
 SECTION 24. Counterparts; Telefacsimile or Electronic Execution. This Agreement may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which
when so executed shall be deemed to be an original and all of which taken together shall 

 
constitute but one and the same agreement. Delivery of an executed counterpart of this Agreement by telefacsimile or other means of electronic transmission shall be equally effective as delivery
of an original executed counterpart of this Agreement. Any party delivering an executed counterpart of this Agreement by telefacsimile also shall deliver an original executed counterpart of this Agreement but the failure to deliver an original
executed counterpart shall not affect the validity, enforceability, and binding effect of this Agreement. 
 SECTION 25.
Termination of Agreement. Upon payment in full of the Senior Debt, this Agreement shall terminate and Administrative Agent shall promptly execute and deliver to each Company such documents and instruments as shall be reasonably necessary to
evidence such termination. 
 SECTION 26. Representations and Warranties of the Companies. Each of the Companies hereby
represents and warrants to Administrative Agent that: (a) such Company has the power and authority to execute and deliver this Agreement and perform its obligations hereunder; (b) the execution, delivery and performance by such Company of
this Agreement has been duly authorized by all necessary corporate (or equivalent) action on the part of such Company; and (c) this Agreement has been duly executed and delivered by such Company. 

SECTION 27. Credit Agreement. Notwithstanding anything contained herein to the contrary, loans, investments and advances from the
Loan Parties to the Non-Loan Parties shall solely be permitted to the extent provided in the Credit Agreement. 
 [Remainder of
this page intentionally left blank.] 

 IN WITNESS WHEREOF, the undersigned has executed and delivered this Agreement as of the date
first written above. 
  

			
	 BANK OF AMERICA, N.A.,
 as Administrative Agent

		
	By:	 	 
		 	Name:
		 	Title:

  
 [Signature
Page – Intercompany Subordination Agreement] 

 
			
	PolyOne Corporation
		
	By:	 	 
		 	Name: Daniel O’Bryon
		 	Title: Treasurer

  
 Signature
Page to Intercompany Subordination Agreement 

 
			
	Conexus, Inc.
	GEON Development, Inc.
	Hollinger Development Company
	L.E. Carpenter & Company
	M.A. Hanna Plastic Group, Inc.
	Polymer Diagnostics, Inc.
	PolyOne Funding Corporation
	Hanna-Itasca Company
	Hanna Proprietary Limited
	Regalite Plastics, LLC
	Shawnee Holdings, LLC
	O’Sullivan Plastics LLC
	PolyOne Engineered Films, LLC
	PolyOne Canada Inc.
	LP Holdings Inc.
	PolyOne Funding Canada Corporation
	ColorMatrix Group, Inc.
	ColorMatrix Holdings, Inc.
	The ColorMatrix Corporation
	Chromatics, Inc.
	Gayson Silicone Dispersions, Inc.
	Canada Films Venture Inc.
		
	By:	 	 
		 	Name: Woodrow W. Ban
		 	Title: Secretary

  

			
	GLS International, Inc.
	M.A. Hanna Asia Holding Company
	NEU Specialty Engineered Materials, LLC
	Burton Rubber Company
	RA Products, Inc.
		
	By:	 	 
		 	Name: Woodrow W. Ban
		 	Title: Assistant Secretary

  
 Signature
Page to Intercompany Subordination Agreement 

 
					
	PolyOne LLC
		
	By:	 	 
		 	Name:	 	Woodrow W. Ban
		 	Title:	 	Manager
	
	ColorMatrix – Brazil, LLC
		
	By:	 	The ColorMatrix Corporation, its sole member
		
	By:	 	 
		 	Name:	 	Woodrow W. Ban
		 	Title:	 	Secretary

 Signature Page to Intercompany Subordination Agreement 

 
					
	PolyOne de Mexico S.A. de C.V.
	Auseon Limited
	The Geon Company Australia Limited
	PolyOne Controladora, S.A. de C.V.
	PolyOne Wilflex Australia Pty. Ltd.
		
	By:	 	 
		 	Name:	 	Woodrow W. Ban
		 	Title:	 	Authorized Secretary

  

					
	P.I. Europe C.V.
	PolyOne Hong Kong Holding Limited
	Star Color Co. Ltd.
	GLS Hong Kong Limited
	GLS Trading (Suzhou) Co., Ltd.
	PolyOne Management International Holding, S.L. (ETVE)
	PolyOne Corporation UK Limited – Trading Company
	PolyOne Espana, S.L.
	PolyOne Italy Srl
	Polimeks Plastik Tic. ve San. A.S.
	Tekno Polimer Muhendislik Plastikleri San. ve Tic. A.S.
	Tekno Ticaret Muhendislik Plastikleri San. ve Tic. A.S.
	PolyOne Belgium, S.A.
	PolyOne Poland Manufacturing, Sp.z.o.o.
	PolyOne Deutschland, GmbH
	PolyOne Luxembourg S.a.R.L.
	PolyOne Europe Logistics S.A.
	PolyOne France S.A.S.
	PolyOne Color and Additives Germany, GmbH
	PolyOne Th. Bergmann, GmbH
	PolyOne Singapore, Ltd.
	PolyOne International Trading (Shanghai) Co. Ltd.
	PolyOne Suzhou, China
	PolyOne Shanghai, China
	PolyOne Shenzhen Co. Ltd.
	M.A. Hanna France S.à.r.l.
		
	By:	 	 
		 	Name:	 	Bernard Baert
		 	Title:	 	Authorized Secretary

 
					
	M.A. Hanna Export Services Corporation
		
	By:	 	 
		 	Name:	 	
		 	Title:	 	

 
					
	PolyOne Sweden, AB
		
	By:	 	 
		 	Name:	 	Guy Katsers
		 	Title:	 	Authorized Signatory

 
					
	Uniplen Industria de Polimeros Ltda.
	Braspenco Industria de Compostos Plasticos Ltda.
	PolyOne Termoplasticos do Brasil Ltda.
		
	By:	 	 
		 	Name:	 	Scott J. Leffler
		 	Title:	 	Authorized Signatory

 
					
	PolyOne International Finance Company
		
	By:	 	 
		 	Name:	 	Daniel J. O’Bryon
		 	Title:	 	Authorized Signatory

 
					
	PolyOne Polska Sp.z.o.o.
		
	By:	 	 
		 	Name:	 	Emil Balogh
		 	Title:	 	Authorized Signatory

 
					
	PolyOne Polymers India Pvt. Ltd.
	PolyOne Japan K.K.
	PolyOne Korea, Ltd.
		
	By:	 	 
		 	Name:	 	Willie Chien
		 	Title:	 	Authorized Signatory

 
					
	PolyOne (Dongguan) Vinyl Compounds Company Ltd.
	PolyOne Vinyl Compounds Asia Holdings Limited
	PolyOne CR s.r.o.
	PolyOne Magyarorsza KFT.
		
	By:	 	 
		 	Name:	 	Holger Kronimus
		 	Title:	 	Authorized Signatory

 
					
	ColorMatrix Plastic Colorant (Suzhou) Co. Ltd.
		
	By:	 	 
		 	Name:	 	
		 	Title:	 	
	
	ColorMatrix Asia Limited
		
	By:	 	 
		 	Name:	 	
		 	Title:	 	
	
	ColorMatrix Mexico S.A. de C.V.
		
	By:	 	 
		 	Name:	 	
		 	Title:	 	
	
	ColorMatrix Argentina S.A.
		
	By:	 	 
		 	Name:	 	
		 	Title:	 	
	
	ColorMatrix South America, Ltd.
		
	By:	 	 
		 	Name:	 	
		 	Title:	 	
	
	ColorMatrix do Brasil Industria e Comercio de Pigmentos e Aditivos Ltda.
		
	By:	 	 
		 	Name:	 	
		 	Title:	 	

 
					
	ColorMatrix UK Holdings Limited
		
	By:	 	 
		 	Name:	 	
		 	Title:	 	
	
	ColorMatrix Europe Limited
		
	By:	 	 
		 	Name:	 	
		 	Title:	 	
	
	Seola ApS Holding
		
	By:	 	 
		 	Name:	 	
		 	Title:	 	
	
	ColorMatrix Europe BV
		
	By:	 	 
		 	Name:	 	
		 	Title:	 	
	
	ColorMatrix U.K. Limited
		
	By:	 	 
		 	Name:	 	
		 	Title:	 	
	
	ColorMatrix Chromatics AG
		
	By:	 	 
		 	Name:	 	
		 	Title:	 	

 
					
	ColorMatrix Russia LLC
		
	By:	 	 
		 	Name:	 	
		 	Title:	 	
	
	Shanghai Colorant Chromatics Co., Ltd.
		
	By:	 	 
		 	Name:	 	
		 	Title:	 	
	
	Colorant Chromatics Trading (Shanghai) Co., Ltd.
		
	By:	 	 
		 	Name:	 	
		 	Title:	 	
	
	Colorant Chromatics AB
		
	By:	 	 
		 	Name:	 	
		 	Title:	 	
	
	Colorant GmbH
		
	By:	 	 
		 	Name:	 	
		 	Title:	 	

 Schedule 1 to 
 Intercompany Subordination Agreement 
  

													
	 Lender
	  	Borrower	  	Amount	 	  	Date of Loan	 	  	Subject to a
Document Note
	 PolyOne Canada Inc.
	  	PolyOne Corporation	  	 	USD 23,000,000	  	  	 	November 17, 2011	  	  	No

 Schedule 2 to 
 Intercompany Subordination Agreement 
 PolyOne International Loan Agreements

  

	1.	Annual Loan Agreement, dated January 2006, by and between PolyOne International and PolyOne Spain, as acknowledged by the Company; 

 

	2.	Annual Loan Agreement, dated January 2005, by and between PolyOne International and PolyOne Spain, as acknowledged by the Company; 

 

	3.	Loan Agreement, dated August 17, 2009, by and between PolyOne Management International Holding S.L. and PolyOne International, as acknowledged by the Company;

  

	4.	Annual Loan Agreement, dated January 2007, by and between PolyOne International and PolyOne MIH, Spain (PMI), as acknowledged by the Company; 

 

	5.	Annual Loan Agreement, dated December 31, 2006, by and between PolyOne International and PolyOne MIH SL, Spain (PMI), as acknowledged by the Company;

  

	6.	Annual Loan Agreement, dated January 2006, by and between PolyOne International and PolyOne MIH SL, Spain (PMI), as acknowledged by the Company;

  

	7.	Annual Loan Agreement, dated January 2005, by and between PolyOne International and PolyOne MIH SL, Spain (PMI), as acknowledged by the Company;

  

	8.	Annual Loan Agreement, dated January 2006, by and between PolyOne International and PolyOne Belgium, as acknowledged by the Company; 

 

	9.	Annual Loan Agreement, dated January 2006, by and between PolyOne International and PolyOne IFC Deutschland GmbH, as acknowledged by the Company;

  

	10.	Loan Agreement, dated August 20, 2009, by and between PolyOne International and PolyOne Hungary Ltd., as acknowledged by the Company; 

 

	11.	Annual Loan Agreement, dated December 18, 2007, by and between PolyOne International and PolyOne Hungary Ltd., as acknowledged by the Company;

  

	12.	Annual Loan Agreement, dated June 18, 2007, by and between PolyOne International and PolyOne Hungary Ltd., as acknowledged by the Company;

  

	13.	Loan Agreement, dated December 19, 2008, by and between PolyOne International and PolyOne Hungary Ltd., as acknowledged by the Company; 

 

	14.	Loan Agreement, dated December 19, 2008, by and between PolyOne International and PolyOne Hungary Ltd., as acknowledged by the Company; 

 

	15.	Loan Agreement, dated June 22, 2010, by and between PolyOne International and PolyOne Luxembourg, as acknowledged by the Company; 

 

	16.	Loan Agreement, dated March 29, 2010, by and between PolyOne International and PolyOne Luxembourg, as acknowledged by the Company; 

 

	17.	Loan Agreement, dated June 23, 2008, by and between PolyOne International and PolyOne Poland Manufacturing Sp. z.o.o., as acknowledged by the Company;

  

	18.	Loan Agreement, dated April 16, 2010, by and between PolyOne International and PolyOne Singapore Pte Ltd, as acknowledged by the Company; 

	19.	Loan Agreement, dated May 20, 2008, by and between PolyOne International and PolyOne Singapore Pte Ltd, as acknowledged by the Company; and

  

	20.	Intercompany Loan Agreement, dated May 1, 2009, by and between PolyOne International and PolyOne Poland Manufacturing Sp. z.o.o, as acknowledged by the Company.

 SCHEDULE 1.01(a) 

CLOSING DATE GUARANTORS 

Conexus, Inc. 
 GLS International, Inc.

 M.A. Hanna Asia Holding Company 
 NEU
Specialty Engineered Materials, LLC 
 Polymer Diagnostics, Inc. 
 PolyOne LLC 
 ColorMatrix Group, Inc. 
 ColorMatrix Holdings, Inc. 
 The ColorMatrix Corporation 

Chromatics, Inc. 
 ColorMatrix - Brazil, LLC

 Gayson Silicone Dispersions, Inc. 

 SCHEDULE 1.01(b) 

IMMATERIAL SUBSIDIARIES 

Auseon Limited 
 Burton Rubber Company

 Butler Brothers 
 Geon Development,
Inc. 
 Hanna Proprietary Limited 

Hanna-Itasca Company 
 Hollinger Development
Company 
 L.E. Carpenter & Company 
 LP Holdings Inc. 
 M. A. Hanna Plastic Group, Inc. 

MAG International 
 O’Sullivan Plastics LLC

 PolyOne Funding Canada Corporation 

PolyOne Funding Corporation 
 PolyOne Engineered
Films, LLC 
 PolyOne Wilflex Australasia Pty. Ltd. 
 RA Products, Inc. 
 Regalite Plastics, LLC 
 Shawnee Holdings, LLC 
 The Geon Company Australia Limited 

Canadian Films Venture Inc. 

 SCHEDULE 1.01(c) 

REMEDIATION PROPERTIES 

611 Kororoit Creek Road, Altona, Victoria, Australia 
 21300 Doral Road, Town of Brookfield, Wisconsin 
 Highway 169, Nashwauk, MN 

2468 Industrial Parkway, Calvert City, Kentucky 

2475 Industrial Boulevard, Calvert City, Kentucky 

216 Paterson Plank Road, Carlstadt, New Jersey 

7377 Highway 3214, Convent, Louisiana 
 N1/2,
Section 1, T42N, R35W, Stambaugh 
 Township, Iron County, Michigan 
 52 Richboynton Road, Dover, New Jersey 
 150 South Connell Avenue, Dyersburg, Tennessee 

60 Mayfield Drive, Edison, New Jersey 
 10 Ruckle
Avenue, Farmingdale, New Jersey 
 325 Lucy Road, Howell, Michigan 
 77 Saint David Street, Kawartha Lakes, Ontario 
 521 King Street West, Kitchener, Ontario

 2400 Miller Cut-Off Road, La Porte, Texas 
 Fern Valley Road, Louisville, Kentucky 
 4200 Bells Lane, Louisville, Kentucky 

300 Needham Street, Newton, Massachusetts 
 8281
National Highway, Pennsauken, New Jersey 
 26 Washington Street, Perth Amboy, New Jersey 

7 Kelley Road, Plaistow, New Hampshire 
 68th
Street & Pulaski Highway, Rosedale, Maryland 
 789 Old New Brunswick Road, Somerset, New Jersey 

9316 South Atlantic Avenue, South Gate, California 
 8800 Thorold Townline Rd, Thorold, Ontario 
 111 Day Drive, Three Rivers, Michigan 

1947-1997 Bloor Street West, Toronto, Ontario 

170 North Main Street, Wharton, New Jersey 
 1318
East 12th Street, Wilmington, Delaware 
 944 Valley Avenue, Winchester, Virginia 

Bergen County, New Jersey17 

 

	17	 This is a long
creek and this is the address that PolyOne Corporation has on its record. 

 SCHEDULE 2.01 
 COMMITMENTS AND APPLICABLE PERCENTAGES 
 On file with the Administrative Agent. 

 SCHEDULE 4.01(a)(iv) 

PART I - MORTGAGED PROPERTIES 
  

							
	Property Owner	  	Address	  	City	  	State
	 Allied Color Industries Inc.

(now known as PolyOne Corporation)
	  	7601 North Glen Harbor Rd	  	Glendale	  	Arizona
				
	 The Geon Company
 (now known as
Polyone Corporation)
	  	2104 East 223RD Street	  	Carson	  	California
				
	 Winflex Inc.
 (now known as
PolyOne Corporation)
	  	8155 Cobb Center Drive	  	Kennesaw	  	Georgia
				
	 P.M.S. Consolidated
 (now known
as PolyOne Corporation)
	  	2400 E Devon Ave	  	Elk Grove Village	  	Illinois
				
	 The Geon Company
 (now known as
PolyOne Corporation)
	  	1546 County Rd 1450 North	  	Henry	  	Illinois
				
	 The Geon Company
 (now known as
PolyOne Corporation)
	  	3100 North 35TH Street	  	Terre Haute	  	Indiana
				
	 The Geon Company
 (now known as
PolyOne Corporation)
	  	4250 Bells Lane	  	Louisville	  	Kentucky
				
	 The Geon Company
 (now known as
PolyOne Corporation)
	  	Route 130 & Porcupine Road	  	Pedricktown	  	New Jersey
				
	PolyOne Corporation	  	80 Northwest Street	  	Norwalk	  	Ohio
				
	 PolyOne Corporation and The Geon Company
 (now known as PolyOne Corporation)
	  	 554 Moore Road Building
 482;
552 Moore Road - Gate 6 and all addresses
 and locations owned by PolyOne in Avon Lake, OH
	  	Avon Lake	  	Ohio
				
	 M.A. Hanna Company
 (now known
as PolyOne Corporation)
	  	2513 Highland Avenue	  	Bethlehem	  	Pennsylvania
				
	 M.A. Hanna Company
 (now known
as PolyOne Corporation)
	  	107 Jackson Street	  	Dyersburg	  	Tennessee
				
	 M.A. Hanna Company
 (now known
as PolyOne Corporation)
	  	10100 Porter Road and 5200 Highway 146	  	Seabrook	  	Texas
				
	PolyOne Corporation	  	4402 and 4403A Pasadena Freeway (Hwy 225)	  	Pasadena	  	Texas
				
	 DH Compounding Company
 (now
known as PolyOne Corporation)
	  	1260 Carden Drive	  	Clinton	  	Tennessee

 SCHEDULE 4.01(a)(iv) 

PART II - CLOSING DELIVERABLES 
 Deliverables Within 90 Days After Closing 
 (A) Evidence that counterparts of the
Mortgages have been duly executed, acknowledged and delivered and are in form suitable for filing or recording in all filing or recording offices that the Administrative Agent may deem necessary or desirable in order to create a valid first and
subsisting Lien on the property described therein in favor of the Administrative Agent for the benefit of the Secured Parties and that all filing, documentary, stamp, intangible and recording taxes and fees have been paid (or have been delivered to
the applicable title insurer for the payment at the time of recording), 
 (B) Fully paid American Land Title Association
Lender’s Extended Coverage title insurance policies (the “Mortgage Policies”), with endorsements and in amounts acceptable to the Administrative Agent, issued, coinsured and reinsured by title insurers reasonably acceptable to
the Administrative Agent, insuring the Mortgages to be valid first and subsisting Liens on the property described therein, free and clear of all defects (including, but not limited to, mechanics’ and materialmen’s Liens) and encumbrances,
excepting only Permitted Encumbrances, Permitted Liens and matters acceptable to Agent in its sole discretion, and providing for such other affirmative insurance (including endorsements for future advances under the Loan Documents, for
mechanics’ and materialmen’s Liens and for zoning of the applicable property, provided that a zoning report from Bock & Clark Corp. or another professional firm reasonably acceptable to the Administrative Agent may be
delivered in lieu of such zoning endorsement) and such coinsurance and direct access reinsurance as the Administrative Agent may deem reasonably necessary or desirable, 
 (C) American Land Title Association/American Congress on Surveying and Mapping form surveys (each, an “ALTA Survey”), for which all necessary fees (where applicable) have been paid, and
dated no more than 90 days after the date of the initial Credit Extension, certified to the Administrative Agent and the issuer of the Mortgage Policies in a manner satisfactory to the Administrative Agent and consistent with ALTA Survey
requirements by a land surveyor duly registered and licensed in the States in which the property described in such surveys is located and acceptable to the Administrative Agent, showing all buildings and other improvements, any off-site improvements
that either materially affect the operation of the Mortgaged Property or encroach onto the Mortgaged Property, the location of any easements, parking spaces, rights of way, building set-back lines and other dimensional regulations and encroachments,
either by such improvements or on to such property, and other defects, other than Permitted Encumbrances, Permitted Liens and other defects acceptable to the Administrative Agent; provided, however, that notwithstanding the
requirements set forth in this clause (C), historical ALTA Surveys previously delivered to the Administrative Agent for the below properties shall be deemed to comply with such requirements: (i) 8155 Cobb Center Drive, Kennesaw, GA;
(ii) 2400 E Devon Avenue, Elk Grove Village, IL; (iii) 3100 North 35th Street, Terre Haute, IN; (iv) Route 130 & Porcupine Road, Pedricktown, New Jersey; (v) 80 Northwest Street, Norwalk, OH; (vi) 2513 Highland
Avenue, Bethlehem, PA and (vii) Highway 146, Seabrook, TX. 

 (D) Evidence of the insurance required by the terms of the Mortgages, including, if
applicable, a completed “Life-of-Loan” Federal Emergency Management Agency Standard Flood Hazard Determination with respect to each Mortgaged Property located in the United States (and with respect to any such facility that is located
within a special flood zone (y) a notice about special flood hazard area status and flood disaster assistance duly executed by the Borrower and each applicable Loan Party relating thereto and (z) evidence of insurance with respect to such
facility as set forth in Section 6.07 and otherwise in form and substance reasonably satisfactory to the Administrative Agent), 
 (E) Opinions of local counsel for the Loan Parties (i) in states in which each Mortgage Property is located, with respect to the enforceability of the Mortgages and necessary requirements in order to
perfect the Mortgages and any related fixture filings in form and substance reasonably satisfactory to the Administrative Agent and (ii) in states in which each Loan Party party to a Mortgage is organized or formed, with respect to the valid
existence, corporate power and authority of such Loan Party in granting the Mortgage, in form and substance reasonably satisfactory to the Administrative Agent, 
 (F) Evidence that all other action that the Administrative Agent may deem reasonably necessary or desirable in order to create valid first and subsisting Liens on the property described in the Mortgages
has been taken, and 
 (G) Environmental assessment reports, each in scope, form and substance satisfactory to the
Administrative Agent; provided that with respect to real properties listed on Schedule 4.01(a)(iv) Part – I on the Closing Date, “Phase-I” reports shall be delivered solely with respect to Route 130 and Porcupine Rd.,
Pedricktown, NJ 08067; 1546 County Rd 1450 North, Henry, IL 61537; and 33587 Walker Road, Avon Lake, OH 44012 (and all other addresses constituting the Avon Lake campus). 

 SCHEDULE 5.04(d) 

INVENTORY LOCATIONS 

PolyOne Corporation 
 Owned Locations 
  

			
	 Entity Name
	  	 Location

	PolyOne Corporation	  	552 Moore Road, Avon Lake, OH 44012
		
	PolyOne Corporation	  	2400 E. Devon Avenue, Elk Grove Village, IL 60007
		
	PolyOne Corporation	  	7601 North Glen Harbor Blvd., Glendale, AZ 85307
		
	PolyOne Corporation	  	1546 County Rd 1450 North, Henry, IL 61537
		
	PolyOne Corporation	  	8155 Cobb Center Drive, Kennesaw, GA 30152
		
	PolyOne Corporation	  	2104 East 223rd Street, Carson, CA 90745
		
	PolyOne Corporation	  	1675 Navarre Rd, Massillon, OH 44646
		
	PolyOne Corporation	  	733 East Water Street, North Baltimore, OH 45872
		
	PolyOne Corporation	  	80 N. West Street, Norwalk, OH 44587
		
	PolyOne Corporation	  	Route 130 and Porcupine Rd., Pedricktown, NJ 08067
		
	PolyOne Corporation	  	2700 Papin Street, St. Louis, MO 63103
		
	PolyOne Corporation	  	204 Industrial Park Drive, Sullivan, MO 63080
		
	PolyOne Corporation	  	2900 Shawnee Industrial Way, Suwanee, GA 30024
		
	PolyOne Corporation	  	1260 Carden Farm Drive, Clinton, TN 37716
		
	PolyOne Corporation	  	4250 Bells Lane, Louisville, KY 40211
		
	PolyOne Corporation	  	554 Moore Road, Avon Lake, OH
		
	PolyOne Corporation	  	33587 Walker Road, Avon Lake OH 44012
		
	PolyOne Corporation	  	4403A Pasadena Freeway – Hwy 225 W, Pasadena, TX 77503
		
	PolyOne Corporation	  	4402 Pasadena Freeway, Pasadena, TX 77503
		
	PolyOne Corporation	  	3100 North 35th Street, Terre Haute, IN 47804
		
	PolyOne Corporation	  	2513 Highland Avenue, Bethlehem, PA 18020
		
	PolyOne Corporation	  	107 Jackson Street, Dyersburg, TN 38024
		
	PolyOne Corporation	  	Highway 146, Seabrook, TX 77586
		
	PolyOne Corporation	  	2104 East 223RD Street, Long Beach, CA 90745

 Leased Locations 

 

			
	 Entity Name
	  	 Location

	PolyOne Corporation	  	1414 Lowell Street, Elyria, OH 44035
		
	PolyOne Corporation	  	10100 Porter Road, LaPorte, TX 77571
		
	PolyOne Corporation	  	3160 Neil Armstrong Dr., Eagan, MN 55121
		
	PolyOne Corporation	  	7755 National Turnpike, Unit 130, Louisville, KY 40214
		
	PolyOne Corporation	  	15 Corporate Drive, North Haven, CT 06473
		
	PolyOne Corporation	  	114 Morehead Rd., Statesville, NC 28677
		
	PolyOne Corporation	  	1610 Phillips Street, Dyersburg, TN 38024
		
	PolyOne Corporation	  	11400-A Newport Drive, Rancho Cucamonga, CA 91730

 Warehouse and Bailee Locations 

 

					
	 Entity Name
	  	 Warehouseman or Bailee
	  	 Location

	PolyOne Corporation	  	 Plastic Express
 15450 Salt
Lake Avenue
 City of Industry, CA 91745

Attention: Ray Hufnagel
	  	 4200 Industry Drive East, Suite A
 Fife, WA (Tacoma Location) and
 151 Fieldcrest, Edison, NJ

			
	PolyOne Corporation	  	 Pulse Logistics
 P.O. Box
4944
 1048 N. Monroe
 Kansas City, MO
64120
	  	 1600 N. 291 Hwy, Carefree

Industrial Park Red Tunnel –
 Unit #950,
Independence, MO 64058

			
	PolyOne Corporation	  	 Aspen Distribution, Inc.
 Attn:
Terry Brewer
 PO Box 39108
 10875 East
40th Avenue

Denver, CO 80239
	  	 10875 East 40th Avenue

Denver, CO 80239

			
	PolyOne Corporation	  	 Major Prime Plastics, Inc

Attn: John Hadley
 P.O. Box 6240

649 N. Ardmore Avenue
 Villa Park, IL
60181
	  	 649 N. Ardmore Avenue
 Villa
Park, IL 60181

			
	PolyOne Corporation	  	 G&D Trucking, Inc
 Durkee
Road
 BNSF Tracks (aka G & D Trucking
 26062 Frontage Road) 5281-5289
 Channahon, IL 60410
	  	 Durkee Road
 BNSF Tracks (aka G
& D
 Trucking 26062 Frontage Road)

5281-5289
 Channahon, IL
60410

			
	PolyOne Corporation	  	 Priority Transportation, Inc.

Attn: Charles Rivera
 P.O. Box 3894 Marina
Station
 Bo. Mani Mayaguez,
 Puerto
Rico 00681
	  	 5412 Road 64
 KM01

Mayaguez, PR

					
	 Entity Name
	  	 Warehouseman or Bailee
	  	 Location

	PolyOne Corporation	  	 Pulse Transportation Services, Inc.
 P.O. Box 4944
 1048 N. Monroe
 Kansas City, MO 64120
 Attention: Stephen Pulse - President
	  	 1600 N. 291 Hwy.
 Carefree
Industrial Park Red Runnel
 Unit #950

Independence, MO and
 3900 Empire Road

Kansas City, MO

			
	PolyOne Corporation	  	 Stagecoach Cartage & Distribution, Inc.
 Attn: Scott McLaughlin
 7167 Chino Dr. El Paso,

TX 79915
	  	 7167 Chino Dr.
 El Paso, TX
79915
 8900 San Gabriel
 Laredo,
TX

			
	PolyOne Corporation	  	 Quality Distribution, Inc.

Attn: Sita Jasper
 421 John Glenn Road

Salt Lake City, UT 84116
	  	 421 John Glenn Road
 Salt Lake
City, UT 84116

			
	PolyOne Corporation	  	 Total Transportation Solutions Inc.
 20 Casebridge Court Scarborough,
 ON M1B 3M5 Canada

Attention: Mr. Scott Pustai
	  	
5003-52nd Ave. S.E.
 Calgary, Alberta
 Canada

			
	PolyOne Corporation	  	 Ee-Jay Motor Transports, Inc.

1501 Lincoln Avenue
 East St. Louis, IL
62204
	  	 1501 Lincoln Avenue
 East St.
Louis, IL 62204

			
	PolyOne Corporation	  	 Plastic Express – Edison

15450 Salt Lake Avenue
 City of Industry, CA
91745-1112
	  	151 Fieldcrest, Edison, NJ 08837
			
	PolyOne Corporation	  	 PolyOne Corporation c/o NS TBT

1431 Chardon Road
 Euclid, OH
44117
	  	 1431 Chardon Road
 Euclid, OH
44117

			
	PolyOne Corporation	  	 Florida Bulk Transfer – Miami
 3601 NW 62nd Street
 Miami, FL 33147
	  	 3601 NW 62nd Street
 Miami, FL
33147

			
	PolyOne Corporation	  	 Saddle Creek Corporation
 3010
Saddle Creek Road
 Lakeland, FL 33801

Attention: Thomas Patterson
	  	 3010 Saddle Creek Road

Lakeland, FL 33801

			
	PolyOne Corporation	  	 Polymer Distribution-Guelph

351 Elizabeth Street
 Guelph, Ontario

Canada N1E 2X9
	  	 351 Elizabeth Street
 Guelph,
Ontario
 Canada N1E 2X9

			
	PolyOne Corporation	  	 Stagecoach Cartage
 7167 Chino
Dr. El Paso,
 TX 79915
	  	 8900 San Gabriel, Laredo,
 TX
78045

					
	 Entity Name
	  	 Warehouseman or Bailee
	  	 Location

	PolyOne Corporation	  	 A & R PDSI – Jeffersonville
 4800 Keystone Blvd.
 Jeffersonville, IN 47130
	  	 4800 Keystone Blvd.

Jeffersonville, IN 47130

			
	PolyOne Corporation	  	 Ventura – Lesbro Co.
 2418
East 223rd Street

Long Beach, CA 90810
	  	 3724 Bandini Boulevard,
 Los
Angeles, CA 90040

			
	PolyOne Corporation	  	 Polymer Distribution, Lachine

1111 12th Avenue
 Lachine, Quebec

Canada H8S 4K9
	  	 1111 12th Avenue
 Lachine,
Quebec
 Canada H8S 4K9

			
	PolyOne Corporation	  	 A&R Distribution, Morris IL

8440 South Tabler Road
 Morris, IL
60450
	  	 8440 South Tabler Road
 Morris,
IL 60450

			
	PolyOne Corporation	  	 Gamas Group
 1520 North
Industrial Park
 Nogales, AZ 85621

Plant 1WNZ
	  	 1520 North Industrial Park

Nogales, AZ 85621
 Plant
1WNZ

			
	PolyOne Corporation	  	 Bulkmatic Transport –Pineville NS TBT
 2820 Nevada Blvd.
 Charlotte, NC 28273
	  	 2820 Nevada Blvd.
 Charlotte,
NC 28273

			
	PolyOne Corporation	  	 RSI Leasing – Petersburg

1301 E. Washington St.
 Petersburg, VA
23831
	  	 1301 E. Washington St.

Petersburg, VA 23831

			
	PolyOne Corporation	  	 A & R Transport
 1501 N.
Savana Avenue
 Terra Haute, IN 47804

Plant 1WTB
	  	 1501 N. Savana Avenue
 Terra
Haute, IN 47804
 Plant 1WTB

			
	PolyOne Corporation	  	 CN Cargoflo
 185 West
Industrial Avenue
 Memphis, TN 38109
	  	 185 West Industrial Avenue

Memphis, TN 38109

			
	PolyOne Corporation	  	 Katoen Natie
 6660 Financial
Drive
 Mississauga, Ontario
 Canada L5N
7J6
	  	 6660 Financial Drive

Mississauga, Ontario
 Canada L5N
7J6

			
	PolyOne Corporation	  	 DELAWARE EXPRESS
 P.O. Box
97
 Elkton, MD 21921
	  	 1280 Railcar Ave.
 Edgemoor, DE
19802

			
	PolyOne Corporation	  	 Logistica Integral
 11905
Hayter Rd.
 Laredo TX 78045
	  	 11905 Hayter Rd.
 Laredo TX
78045

			
	PolyOne Corporation	  	 WELLDEX DEL NORTE, S.C.
 801
Hallmark Eastpoint Indust.,
 Laredo, TX 78045
 Plant 1WLO
	  	 801 Hallmark Eastpoint Indust.,

Laredo, TX 78045
 Plant 1WLO

					
	 Entity Name
	  	 Warehouseman or Bailee
	  	 Location

	PolyOne Corporation	  	 International Impulse, Inc.

5812 Cromo Drive
 El Paso, TX 79912

Attention: Abiel Carrillo
	  	 1251 N. Industrial Park

Nogales, AZ 85621

			
	 PolyOne Corporation
 (Railcar
Transfer Station)
	  	 Quality Carriers Kansas City, MO

Don Benoit
 Director of Operations and
Pricing
 4041 Park Oaks Blvd., Suite 200

Tampa, FL 33610
 (Phone 800-282-2031
x7286)
 (dbenoit@qualitydistribution.com)
	  	 6808 St. John Avenue
 Kansas
City, MO

			
	 PolyOne Corporation
 (Railcar
Transfer Station)
	  	 Plastic Express Valla Yard
 Tom
McKeller
 Vice President Transportation & Terminals
 Plastic Express
 15450 Salt Lake Avenue
 City of Industry, CA 91745-1112
 (Direct Phone 626-322-3288)

(Cell Phone 714-906-9091)

(www.plasticexpress.com)
	  	 8630 Sorenson Ave.
 Santa Fe
Springs, CA

 Consignee Locations 

 

					
	 Entity Name
	  	 Consignee
	  	 Location

	PolyOne Corporation	  	 Aetna Wire & Cable
 1537
Air Rail Ave.
 Virginia Beach, VA 23455
	  	 1537 Air Rail Ave.,
 Virginia
Beach, VA

			
	PolyOne Corporation	  	 Schick Manufacturing Inc. (also listed as
 American Safety Razor Company)
 240 Cedar Knolls Road

Suite 401
 Cedar Knolls, NJ 07927
	  	Cd. Obregon, Sonora, Mexico
			
	PolyOne Corporation	  	 CommScope, Inc. of North Carolina
 3642 Highway 70 East
 PO Box 879
 Claremont, NC 28610-0879
 Attention: Purchasing

 
 CommScope, Inc. of North Carolina

1100 CommScope Place SE
 Hickory, NC
28602
 Attention: General Counsel
	  	 6519 CommScope Road,
 Catawba,
NC 28609 &
 3642 US HWY 70 East,

Claremont, NC 28610

			
	PolyOne Corporation	  	 King Bros, Inc.
 29101 The Old
Road
 Valencia, CA 91355
	  	 29101 The Old Road,
 Valencia,
CA 91355

			
	PolyOne Corporation	  	 Amesbury Group
 105 Washington
Street NW
 Cannon Falls, MN 55009-1150
	  	 Bandlock Corporation, 1734

Vineyard Ave., Ontario, CA

			
	PolyOne Corporation	  	 Amesbury Group Inc., Extruded

Products Division
 105 Washington Street
West
 Cannon Falls, MN 55009
	  	 105 Washington Street West,

Cannon Falls, MN 55009

			
	PolyOne Corporation	  	 NYX, Inc. – Levan
 36667
Schoolcraft Road
 Livonia, MI 48150-1175
	  	 36667 Schoolcraft Road,

Livonia, MI

			
	PolyOne Corporation	  	 OFS Fitel, LLC
 10 Brightware
Blvd.
 Carrollton, GA 30117
	  	 10 Brightwave Blvd.,

Carrollton, GA

			
	PolyOne Corporation	  	 Superior Essex Communications LP

6120 Powers Ferry Road
 Atlanta, GA
30339
 Attention: Michael D. George –
 Director of Procurement
	  	 6120 Powers Ferry Rd.,

Atlanta, GA 30339-2923

					
	 Entity Name
	  	 Consignee
	  	 Location

	PolyOne Corporation	  	 Whirlpool Corporation and Maytag Corporation
 2000 M-63
 Benton Harbor, MI 49022
 Attention: Whirlpool Procurement
 Designated Supplier Lead
	  	Findlay, OH
			
	PolyOne Corporation	  	 Rainin Instrument, LLC
 7500
Edgewater DR Main Street
 Oakland, CA 94621
 Attention: Larry Johnson
	  	 7500 Edgewater Dr.,
 Oakland,
CA

			
	PolyOne Corporation	  	 Nypro Inc.
 Sending document
and letter to Emily.Sho@nypro.com
	  	Nypro San Diego
			
	PolyOne Corporation	  	 J.W. Speaker Corporation
 N120
W19434 Freistadt Road
 Germantown, WI 53022
	  	 N120 W 19434 Freistadt Road

Germantown, WI 53022

			
	PolyOne Distribution Company (now known as PolyOne Corporation)	  	 Genesis Plastic Technologies LLC

27200 Tinkers Ct.
 Glenwillow, OH
44139
 Attention: Jim Mayor
	  	 27200 Tinkers Ct., Glenwillow,

OH 44139

			
	PolyOne Corporation	  	 Sun Tech Industries
 41958
Highway 2
 Ravenna, NE 68869

Attention: Shannon Mackey
	  	 41958 Highway 2, Ravenna,
 NE
68869

			
	PolyOne Corporation	  	 David S. Smith (America), Inc. dba
 Worldwide Dispensers
 78 Second Ave. South
 Lester Prairie, MN 55354
 Attention: Jerre Kachmar
	  	 78 Second Ave South, Lester

Prairie, MN 55354

			
	PolyOne Corporation	  	 Nypro Inc.
 Sending document
and letter to Rhonda.main@nypro.com
	  	Nypro Asheville
			
	PolyOne Corporation	  	 Stanley Black & Decker, Inc.

1000 Stanley Drive
 New Britain, CT
06053-1675
	  	 Stanley Works, 100 Stanley Road,

Cheraw, SC 29502

			
	PolyOne Distribution Company (now known as PolyOne Corporation)	  	 Conimar Corporation
 1724 N.E.
22nd Ave.

Ocala, FL 34770-4702
 Attention: Audrea
Allen-
 Purchasing Agent
	  	 N.E.
22nd Ave., Ocala,

FL 34770-4702

					
	 Entity Name
	  	 Consignee
	  	 Location

	PolyOne Distribution Company (now known as PolyOne Corporation)	  	 GW Plastics
 239 Pleasant
Street
 Bethel, VT 05032
 Attention:
Scott Perkins
	  	239 Pleasant Street, Bethel, VT 05032
			
	PolyOne Corporation	  	 Belden
 2200 US Highway 27
South
 Richmond, IN 47374
	  	 North West, N St., Richmond, IN 47374
 1200 West Columbia Ave.,
 Monticello, KY 42633

			
	PolyOne Corporation	  	 Panduit Corporation
 18900
Panduit Drive
 Tinley Park, IL 60487-3091
	  	 18900 Panduit Drive
 Tinley
Park, IL 60487-3091

 The ColorMatrix Corporation 
 Leased Locations 
  

			
	 Entity Name
	  	 Location

	The Colormatrix Corporation	  	680 North Rocky River Drive, Berea, Ohio 44017
		
	The Colormatrix Corporation	  	7204 Burns Street, Richland Hills, TX 76118

 Warehouseman and Bailee Locations 

 

					
	 Entity Name
	  	 Warehouseman or Bailee
	  	 Location

	The Colormatrix Corporation	  	AMCOR RIGID PLASTICS N.A.	  	520 Bell Avenue Ames, IA 50010
			
	The Colormatrix Corporation	  	DEVTECH LABS, INC.	  	12 Howe Drive Amherst, NH 03031
			
	The Colormatrix Corporation	  	BEMIS COMPANY, INC.	  	2521 W Everrett Appleton, WI 54914
			
	The Colormatrix Corporation	  	SAPONA PLASTICS	  	7039 Hwy 220 S. Asheboro, NC 27205
			
	The Colormatrix Corporation	  	GRAHAM PACKAGING	  	1650 Westgate Parkway Atlanta, GA 30336
			
	The Colormatrix Corporation	  	PORTOLA PACKAGING, Inc.	  	951 Douglas Road Batavia, IL 60510
			
	The Colormatrix Corporation	  	TRADEWIND PLASTICS	  	Francisco De Goya Avenue, Bayamon,
Puerto Rico 00960
			
	The Colormatrix Corporation	  	GRAHAM PET TECHNOLOGIES	  	7 Technology Drive Bedford, NH 03110

					
	 Entity Name
	  	 Warehouseman or Bailee
	  	 Location

	The Colormatrix Corporation	  	MOHAWK INDUSTRIES	  	2118 Marlboro Road,
Bennettsville, SC 295158328
			
	The Colormatrix Corporation	  	WESTERN CONTAINER CORPORATION	  	 1600 1st Avenue Big Spring,
 TX
79720

			
	The Colormatrix Corporation	  	KYDEX, LLC	  	 6685 Low Street Bloomsburg,
 PA
17815

			
	The Colormatrix Corporation	  	HUSKY CANADA	  	 500 Queen Street South Bolton

Canada L7E 5S5

			
	The Colormatrix Corporation	  	STACKTECK SYSTEMS LIMITED	  	 1 Paget Road, Brampton
 Canada
L6T 5S5

			
	The Colormatrix Corporation	  	PACIFIC PLASTICS INC.	  	 111 South Berry Street Brea,

CA 92821

			
	The Colormatrix Corporation	  	NAMPAC	  	 1591 N. Harvey Mitchell Place,

 Byan, TX 77803

			
	The Colormatrix Corporation	  	MERRILL’S PACKAGING, INC.	  	 1529 Rollins Road Burlingame,

CA 94010

			
	The Colormatrix Corporation	  	RUBBERMAID CALGARY	  	 4660 68th Ave. Southeast, Calgary,

 Canada T2C 4N3

			
	The Colormatrix Corporation	  	COLGATE PALMOLIVE COMPANY	  	 8800 Guernsey Industrial,

Cambridge, Ohio 43725

			
	The Colormatrix Corporation	  	AMES TRUE TEMPER	  	 465 Railroad Ave. Camphill,
 PA
17011

			
	The Colormatrix Corporation	  	NAMPAC	  	1033 North Production Road,
Cedar City, UT 84721
			
	The Colormatrix Corporation	  	BIG 3 PRECISION	  	 2923 Wabash Avenue Centralia,

IL 62801

			
	The Colormatrix Corporation	  	Bermuda Distribution, Inc	  	12511 Bermuda Triangle Rd.,
Chester, VA 23836
			
	The Colormatrix Corporation	  	PROGRESSIVE PLASTIC INC.	  	14801 Emery Avenue Cleveland
OH 44135
			
	The Colormatrix Corporation	  	OATEY COMPANY	  	 4700 West 160th Street,

Cleveland OH 44135

			
	The Colormatrix Corporation	  	DEMO - DAVE RUSSELL	  	18751 Cloverstone Circle,
Comelius, NC 28031
			
	The Colormatrix Corporation	  	BEAULIEU OF AMERICA	  	 509 Fifth Avenue Dalton,
 GA
30722

			
	The Colormatrix Corporation	  	NAMPAC	  	 7 Wheeling Road Dayton,
 NJ
08810

			
	The Colormatrix Corporation	  	COMPOSITE TECHNOLOGIES CO	  	 401 North Keowee Street, Dayton,

OH 454041602

			
	The Colormatrix Corporation	  	Ancos	  	 4813 County Drive Disputanta,
VA 23842

					
	 Entity Name
	  	 Warehouseman or Bailee
	  	 Location

	The Colormatrix Corporation	  	ENERGIZER PERSONAL CARE	  	 800 Silvr Lake Road
 Dover, DE
19904

			
	The Colormatrix Corporation	  	PURE TECH PLASTICS	  	 91 East Carmans Road East

Farmingdale, NY 11735

			
	The Colormatrix Corporation	  	PREFORMS	  	 478 Gulf Crescent, Sydport

Industrial Park, Edwardsville,
 Nova Scotia B2A
4T3

			
	The Colormatrix Corporation	  	TESSY PLASTICS	  	 488 Ny Route 5 West
 Elbridge,
NY 13060

			
	The Colormatrix Corporation	  	THE PLASTEK GROUP - CPD	  	 2425 W. 23rd Street
 Erie, PA
16506

			
	The Colormatrix Corporation	  	ERIE MOLDED PLASTICS INC.	  	 6020 W. Ridge Road
 Erie, PA
16506

			
	The Colormatrix Corporation	  	RIDGELINE PIPE MANUFACTURING	  	 2220 Nugget Way
 Eugene, OR
97403

			
	The Colormatrix Corporation	  	ACHILLES USA, INC.	  	 1407 80th Street S.W.
 Everett,
WA 98203

			
	The Colormatrix Corporation	  	ICE RIVER SPRINGS WATER	  	 Grey Road #2
 Feversham, Canada
N0C 1C0

			
	The Colormatrix Corporation	  	CENTREX PLASTICS LLC	  	 814 W. Lima Street
 Findlay, OH
45840

			
	The Colormatrix Corporation	  	GRAHAM PACKAGING	  	 7959 Vulcan Drive
 Florence, KY
41042

			
	The Colormatrix Corporation	  	POM WONDERFUL	  	 2970 S. Orange Avenue
 Fresno,
CA 93725

			
	The Colormatrix Corporation	  	GEORGIA GULF & AFFILIATES	  	 Highway 51 South
 Gallman, MS
39077

			
	The Colormatrix Corporation	  	DIAMOND PLASTICS CORPORATION	  	 1212 Johnstown Road
 Grand
Island, NE 68803

			
	The Colormatrix Corporation	  	MEADWESTVACO CALMAR	  	 11901 Grandview Road,

Grandview, MO 64030

			
	The Colormatrix Corporation	  	MIDGARD, INC	  	 1255 Nursery Road
 Green Lane,
PA 18054

			
	The Colormatrix Corporation	  	SURTECO	  	 7104 Cessna Drive
 Greensboro,
NC 27409

			
	The Colormatrix Corporation	  	KEITH SEABOLT, DEMO	  	 6801 Volunteer Drive,

Greenville, TX 75402

			
	The Colormatrix Corporation	  	MITSUBISHI POLYESTER FILM	  	 2001 Hood Road
 Greer, SC
29652

			
	The Colormatrix Corporation	  	J R Products	  	 90 Valley Lake Drive
 Grey
Court, SC 29645

					
	 Entity Name
	  	 Warehouseman or Bailee
	  	 Location

	The Colormatrix Corporation	  	ARMAL, INC.	  	 122 Hudson Industrial Drive,

Griffin, GA 30224

			
	The Colormatrix Corporation	  	THE PLASTEK GROUP - HMD	  	 1015 County Home Road,
 Hamlet,
NC 28345

			
	The Colormatrix Corporation	  	NORTHERN PIPE PRODUCTS IN	  	 1268 Imperial Road
 Hampton, IA
50441

			
	The Colormatrix Corporation	  	BERRY PLASTICS CORPORATION	  	 7447 Candlewood Rd.
 Hanover,
MD 21076

			
	The Colormatrix Corporation	  	PORT ERIE PLASTICS	  	 909 Troupe Road
 Harborcreek,
PA 16421

			
	The Colormatrix Corporation	  	CONSTAR INTERNATIONAL	  	 1801 Clark Road
 Harve De
Grace, MD 21078

			
	The Colormatrix Corporation	  	THE RODON GROUP	  	 2800 Sterling Drive
 Hatfield,
PA 19440

			
	The Colormatrix Corporation	  	WESTERN CONTAINER	  	 110 W.L. Runnels Industri,

Hattiesburg, MS 39401

			
	The Colormatrix Corporation	  	SONOCO PLASTICS, INC.	  	 5801 N. Lindberg Blvd.,

Hazelwood, MO 63042

			
	The Colormatrix Corporation	  	GRAHAM PACKAGING	  	 12 Maplewood Drive
 Hazleton,
PA 18201

			
	The Colormatrix Corporation	  	SIMONA AMERICA	  	 64 N. Conahan Drive
 Hazleton,
PA 18201

			
	The Colormatrix Corporation	  	CONSTAR INTERNATIONAL	  	 Newark Industrial Park Bl.,

Hebron, Ohio 43025

			
	The Colormatrix Corporation	  	Prime Conduit	  	 1405 East Santa Fe Blvd.
 High
Springs, FL 32643

			
	The Colormatrix Corporation	  	PLASTIC TECHNOLOGIES	  	 1465 Timberwolfe
 Holland, OH
435280964

			
	The Colormatrix Corporation	  	B-SIDE PLASTICS	  	 4102 Veterans Drive
 Houston,
TX 77043

			
	The Colormatrix Corporation	  	VISTA CONTAINER & CLOSURES	  	 4003 Leeland Street
 Houston,
TX 77023

			
	The Colormatrix Corporation	  	DENVER PLASTICS	  	 560 Dahlia Street
 Hudson, CO
80642

			
	The Colormatrix Corporation	  	GRAHAM PACKAGING	  	 2515 Independence Road
 Iowa
City, IA 52240

			
	The Colormatrix Corporation	  	CONSTAR INTERNATIONAL	  	 595 Industrial Drive
 Jackson,
MS 39209

			
	The Colormatrix Corporation	  	Igloo Products Corp.	  	 30603 Highway 90
 Katy, TX
77494

			
	The Colormatrix Corporation	  	XTEN INDUSTRIES LLC	  	 9600 55th Street
 Kenosha, WI
53144

			
	The Colormatrix Corporation	  	Reduction Engineering	  	 4430 Crystal Parkway
 Kent, OH
44240

					
	 Entity Name
	  	 Warehouseman or Bailee
	  	 Location

	The Colormatrix Corporation	  	PORTOLA PACKAGING, Inc.	  	 408 Tilthammer Drive,

Kingsport, TN 37660

			
	The Colormatrix Corporation	  	PALMETTO SYNTHETICS	  	 633 Commerce Drive,

Kingstreet, SC 29556

			
	The Colormatrix Corporation	  	PALRAM	  	 9735 Commerce Circle,

Kutztown, PA 19556

			
	The Colormatrix Corporation	  	EXTRUSION VINYL & PLASTIC	  	 1311 Godin Avenue
 Leval,
CANADA H7E 2T1

			
	The Colormatrix Corporation	  	GRAHAM PACKAGING	  	 2447 Palumbo Drive
 Lexington,
KY 40509

			
	The Colormatrix Corporation	  	ZELLER PLASTIK	  	 1515 Franklin Blvd.,

Libertyville, IL 60048

			
	The Colormatrix Corporation	  	APTARGROUP, INC.	  	 901 Technology Way,

Libertyville, IL 60048

			
	The Colormatrix Corporation	  	NAMPAC	  	 2160 Lithonia Industrial,

Lithonia, GA 30058

			
	The Colormatrix Corporation	  	DESIGN MOLDED PLASTICS	  	 8220 Baveraia Road
 Macedonia,
OH 44056

			
	The Colormatrix Corporation	  	PARAGON PACKAGING INC.	  	 1500 E. Broad Street,

Mansfield, TX 76063

			
	The Colormatrix Corporation	  	CHROMA CORPORATION	  	 3900 West Dayton Street,

Mchenry, IL 60050

			
	The Colormatrix Corporation	  	FERGUSON PRODUCTION, INC.	  	 2130 Industrial Drive,

Mcpherson, KS 67460

			
	The Colormatrix Corporation	  	ALTIRA	  	 3225 N.W. 112th Street
 Miami,
FL 33167

			
	The Colormatrix Corporation	  	SONOCO	  	 245 Britannia Road,

Mississauga, Ontario L4Z 4J3

			
	The Colormatrix Corporation	  	RUBBERMAID HOME PRODUCTS	  	 3200 Gilchrist Road
 Mogadore,
OH 44260

			
	The Colormatrix Corporation	  	MICHAEL ASCHENBRENER, DEMO	  	 17450 Leggett Road
 Montville,
OH 44064

			
	The Colormatrix Corporation	  	LOMONT MOLDING, INC.	  	 1516 East Mapleleaf Drive
 Mt.
Pleasant, IA 52641

			
	The Colormatrix Corporation	  	GRAHAM PACKAGING	  	 102 Kaad Road
 Muskogee, OK
74401

			
	The Colormatrix Corporation	  	IPEC HOLDINGS, INC.	  	 185 Northgate Circle
 New
Castle, PA 16105

			
	The Colormatrix Corporation	  	SILGAN PLASTICS CORPORATION	  	 1858 Meca Way
 Norcross, GA
30093

			
	The Colormatrix Corporation	  	FOURMARK MANUFACTURING INC	  	 2690 Plymouth Drive
 Oakville,
Canada L6H 6G7

					
	 Entity Name
	  	 Warehouseman or Bailee
	  	 Location

	The Colormatrix Corporation	  	KIK CORPORATION	  	 101 Mac Intosh Blvd, Ontario,

Canada L4K 4R5

			
	The Colormatrix Corporation	  	CONSTAR INTERNATIONAL	  	 7400 South Orange Avenue,

Orlando, FL 32809

			
	The Colormatrix Corporation	  	INFINITI PLASTICS TECHNOLOGY	  	 5400 Commerce Drive Padauch,

KY 42001

			
	The Colormatrix Corporation	  	PRETIUM PACKAGING	  	 2015 S. Main Street
 Paris, IL
61944

			
	The Colormatrix Corporation	  	MONTVILLE PLASTICS & RUBB	  	 15567 Main Market Rd (Us 422),

Parkman, Ohio 44080

			
	The Colormatrix Corporation	  	RESILUX AMERICA LLC	  	 265 John Brooks Road,

Pendergrass, GA 30567

			
	The Colormatrix Corporation	  	BERRY PLASTICS CORPORATION	  	 19101 Kapp Drive
 Peosta, IA
52068

			
	The Colormatrix Corporation	  	CRESLINE-WEST INC.	  	 3747 West Buckeye Road Phoenix,

AZ 85009

			
	The Colormatrix Corporation	  	VINYLPLEX INC.	  	 1800 Atkinson Avenue

Pittsburg, KS 66762

			
	The Colormatrix Corporation	  	AGI POLYMATRIX	  	 45 Downing Parkway
 Pittsfield,
MA 01201

			
	The Colormatrix Corporation	  	LOGOPLASTE CHICAGO, LLC	  	 14420 Van Dyke
 Painfield, IL
60544

			
	The Colormatrix Corporation	  	PREFERRED PLASTICS INC.	  	 800 E. Bridge Street

Plainwell, MI 49080

			
	The Colormatrix Corporation	  	PLASTIPAK PACKAGING	  	 4211 Amberjack Blvd.
 Plant
City, FL 33567

			
	The Colormatrix Corporation	  	IPL PLASTICS	  	 140 Ruc Commerciale
 Quebec,
Canada G0R 2Y0

			
	The Colormatrix Corporation	  	EXTRUCAN	  	 2155 Rue Canadien, Quebec,

Canada J2C 7V9

			
	The Colormatrix Corporation	  	PREMIUM WATERS INC.	  	 1811 No. 30th Street
 Quincy,
IL 62301

			
	The Colormatrix Corporation	  	CANTEX INC.	  	 130 Woodland Avenue
 Reno, NV
85923

			
	The Colormatrix Corporation	  	Alloy Polymers, Inc	  	 3310 Deepwater Terminal Rd.,

Richland, VA 23234

			
	The Colormatrix Corporation	  	RING CONTAINER TECHNOLOGIES	  	 4689 Assembly Drive
 Rockford,
IL 61109

			
	The Colormatrix Corporation	  	CANTEX INC.	  	 Old St. James Street
 Rolla, MO
65401

			
	The Colormatrix Corporation	  	JOHN BOMBACE, SALES TECH	  	 111 Ruby Court
 Rutherford, CT
28139

					
	 Entity Name
	  	 Warehouseman or Bailee
	  	 Location

	The Colormatrix Corporation	  	CLOSURE SYSTEMS INT’L INC	  	 480 North 5600 West
 Salt Lake
City, UT 84116

			
	The Colormatrix Corporation	  	CLOSURE SYSTEMS INT’L INC	  	 4915 Norman Road
 Sandston, VA
23150

			
	The Colormatrix Corporation	  	CLOSURE SYSTEMS INT’L INC	  	 Plant #089
 Sandston, Va
23150

			
	The Colormatrix Corporation	  	PIRANHA PLASTICS	  	 3531 Thomas Road
 Santa Clara
CA 95054

			
	The Colormatrix Corporation	  	KIK-SoCAL INC.	  	 9028 Dice Road
 Santa Fe
Spring, CA 90670

			
	The Colormatrix Corporation	  	GRAHAM PET TECHNOLOGIES	  	 510 E. Naches Avenue
 Selah, WA
98942

			
	The Colormatrix Corporation	  	M & G POLYMERS USA, LLC	  	 6951 Ridge Road, Sharon Cernter,

OH 442740590

			
	The Colormatrix Corporation	  	KOHLER COMPANY	  	 300 South Oklahoma
 Sheridan,
AR 72150

			
	The Colormatrix Corporation	  	MATTEL MABAMEX	  	 1333 30th Street
 South Diego,
CA 92154

			
	The Colormatrix Corporation	  	COLORITE	  	 909 E Glendale Avenue
 Sparks,
NV 89431

			
	The Colormatrix Corporation	  	ALPHA PACKAGING INC.	  	 1555 Page Industrial Blvd
 St.
Louis, MO 63132

			
	The Colormatrix Corporation	  	LIQUID CONTAINER L.P.	  	 7100 Durand, Unit B

Sturtevant, WI 53177

			
	The Colormatrix Corporation	  	MOHAWK INDUSTRIES	  	 106 Bankson Drive
 Summerville,
GA 30747

			
	The Colormatrix Corporation	  	JM EAGLE	  	 1820 Midvale Road
 Sunnyside,
WA 98944

			
	The Colormatrix Corporation	  	WESTERN CONTAINER CORPORATION	  	 2205 70th Avenue East
 Tacoma,
WA 98424

			
	The Colormatrix Corporation	  	PORTOLA PACKAGING, Inc.	  	 4 South 84th Ave, Suite A,

Taolleson, AZ 85353

			
	The Colormatrix Corporation	  	WEATHERCHEM CORPORATION	  	 2222 Highland Road
 Twinsburg,
OH 44087

			
	The Colormatrix Corporation	  	YOSHINO AMERICA CORPORATION	  	 2500 Palmer Avenue
 University
Park, IL 604663134

			
	The Colormatrix Corporation	  	BLACKHAWK AUTOMOTIVE PLASTICS	  	 500 North Warpole Street
 Upper
Sandusky, OH 43351

			
	The Colormatrix Corporation	  	ELECTRFORM INDUSTRIES	  	 852 Scholz Drive
 Vandalia, OH
45377

			
	The Colormatrix Corporation	  	COLORITE	  	 700 Jewel Drive
 Waco, TX
76712

					
	 Entity Name
	  	 Warehouseman or Bailee
	  	 Location

	The Colormatrix Corporation	  	DENVER PLASTICS	  	 2355 Aspen Street
 Wahoo, NE
68066

			
	The Colormatrix Corporation	  	Dura Warehouse	  	 525 South Lemon Avenue,

Walnut, CA 91789

			
	The Colormatrix Corporation	  	BERRY PLASTICS CORPORATION	  	 199 Edison Road
 Washington, GA
30673

			
	The Colormatrix Corporation	  	1769 HAWTHORNE LANE	  	 1769 Hawthorne Lane
 West
Chicago, IL 60185

			
	The Colormatrix Corporation	  	Qualtech Technologies, Inc	  	 1685B Joseph Lloyd Parkway,

Willoughby, OH 44094

			
	The Colormatrix Corporation	  	WEENER PLASTICS	  	 2201 Stantonsburg Road,

Wilson, NC 27893

			
	The Colormatrix Corporation	  	INFILTRATOR SYSTEMS INC.	  	 1315 Enterprise Drive,

Winchester, KY 40391

			
	The Colormatrix Corporation	  	ROYAL GROUP TECHNOLOGIES	  	 1 Royal Gate Boulevard,

Woodbridge, Canada L4I 8Z7

			
	The Colormatrix Corporation	  	ROYTEC VINYL SIDING	  	 91 Royal Group Crescent,

Wookdbridge, Canada L4H 1X9

			
	The Colormatrix Corporation	  	MARK BULLOCK, EQUIP TEST & RESEARCH	  	 2456 Monterey
 Wooster, OH
44691

			
	The Colormatrix Corporation	  	GRAHAM PACKAGING	  	 420 Emig Road
 York, PA
17406

 Consignee Locations 

 

					
	 Entity Name
	  	 Consignee
	  	 Location

	The Colormatrix Corporation	  	Prime Conduit	  	 1776 East Beamer Street,

Woodland, CA 95685

			
	The Colormatrix Corporation	  	Prime Conduit	  	 635 East Lawn Road
 Nazareth,
PA 18064

			
	The Colormatrix Corporation	  	Prime Conduit	  	 6500 South Interpace
 Oklahoma
City, OK 73135

			
	The Colormatrix Corporation	  	Prime Conduit	  	 1405 East Santa Fe Blvd.
 High
Springs, FL 32643

			
	The Colormatrix Corporation	  	Igloo Products Corp.	  	 30603 Highway 90
 Katy, TX
77494

 SCHEDULE 5.08(b) 

OWNED REAL PROPERTY 
  

											
	 Record Owner
	  	 Address
	  	Book Value (which value
may also include
equipment values)	 	  	Value Per County Tax
Website 18	 
	 PolyOne Corporation and

The Geon Company
 (now known as PolyOne Corporation)
	  	 Avon Lake, Ohio Campus which consists of buildings and land located at the following addresses in Avon Lake, Ohio (Lorain
County):
 33587 Walker Road;
 552 Moore
Road, Bldg 482;
 554 Moore Road;

Property on the following streets (and in each case, street numbers are not available):
 Rosehill Ave, Elberton Ave and
 Greenhill Avenue
	  	$	64,654,580.67	  	  	$	13,520,100	  
	 D H Compounding Company

(now known as PolyOne Corporation)
	  	 1260 Carden Farm Drive,

Clinton, TN 37716
	  	$	5,366,595.37	  	  	$	6,169,000	  
	 M.A. Hanna Company

(now known as PolyOne Corporation)
	  	 107 Jackson Street,
 Dyersburg,
TN
	  	$	9,103,466.60	  	  	$	3,958,000	  

 

	18 	The amount listed in this column is based solely on the information made available on applicable county tax website. Depending on the applicable county’s
nomenclature, this amount may have been referenced on the applicable county website as the “fair market value,” “cash value,” “full cash value”, “appraised value”, “property value” or similar term.
In some cases and where noted, an “assessed value” is the only value that was available on the applicable county website. 

											
	 Record Owner
	  	 Address
	  	Book Value (which value
may also include
equipment values)	 	  	Value Per County Tax
Website 18	 
	 P.M.S. Consolidated

(now known as PolyOne Corporation)
	  	 2400 E. Devon Avenue,
 Elk
Grove Village, IL 60007
	  	$	5,273,257.47	  	  	$
 	519, 698
(assessed value)	  
  
	 Allied Color Industries Inc.

(now known as PolyOne Corporation)
	  	7601 North Glen Harbor Blvd., Glendale, AZ 85307	  	$	4,410,197.78	  	  	$	3,170,900	  
	 The Geon Company

(now known as PolyOne Corporation)
	  	 1546 County Rd 1450 North,

Henry, IL 61537
	  	$	12,385,906.42	  	  	$
 	4,041,798
(assessed value)	  
  
	 Winflex Inc.

(now known as PolyOne Corporation)
	  	8155 Cobb Center Drive, Kennesaw, GA 30152	  	$	4,081,936.16	  	  	$	5,836,600	  
	 M. A. Hanna Company

(now known as PolyOne Corporation)
	  	 2513 Highland Avenue,

Bethlehem, PA 18020
	  	$	9,168,746.29	  	  	$	2,351,400	  
	 The Geon Company

(now known as PolyOne Corporation)
	  	2104 East 223rd Street, Carson, CA 90745	  	$	5,195,572.72	  	  	$	3,408,721	  
	 PolyOne Corporation
	  	1675 Navarre Rd, Massillon, OH 44646	  	$	4,491,847.37	  	  	$	5,907,000	  
	 Water Street Enterprises Inc.

(now known as PolyOne Corporation)
	  	733 East Water Street, North Baltimore, OH 45872	  	$	2,033,786.40	  	  	$	1,704,600	  
	 PolyOne Corporation
	  	80 North West Street, Norwalk, OH 44587	  	$	4,615,217.17	  	  	$	1,215,700	  

											
	 Record Owner
	  	 Address
	  	Book Value (which value
may also include
equipment values)	 	  	Value Per County Tax
Website 18	 
	 PolyOne Corporation
	  	 Pasadena, TX Campus,
 which
consists of buildings and land located at the following addresses in Pasadena, Texas (Harris County):
 4402 and 4403A Pasadena Freeway –
Hwy 225 W, Pasadena, TX 77503
 And 4403 LaPorte Freeway
	  	$	10,103,763.14	  	  	$	10,383,156.00	  
	 M A Hanna Company

(now known as PolyOne Corporation)
	  	 Seabrook, TX Campus,
 which
consists of buildings and land located at the following addresses in Seabrook, Texas (Harris County):
 10100 Porter Road;

5200 Hwy 146;
 FM 146 ST;

5780 Highway 146; 5306 Hwy 146; additional property on Hwy 146 (no specific street numbers)
	  	$	31,752,231.91	  	  	$	37,170,162.00	  
	 The Geon Company

(now known as PolyOne Corporation)
	  	Route 130 and Porcupine Rd., Pedricktown, NJ 08067	  	$	8,405,674.87	  	  	$
  
	30,500,000

(assessed value)
	  
   

	 Dennis Chemical Co.

(now known as PolyOne Corporation)
	  	 2700 Papin Street,
 St. Louis,
MO 63103
	  	$	1,744,026.36	  	  			
	 PolyOne Corporation
	  	204 Industrial Park Drive, Sullivan, MO 63080	  	$	1,155,777.91	  	  	$	760,140	  
	 M A Hanna Company

(now known as PolyOne Corporation)
	  	2900 Shawnee Industrial Way, Suwanee, GA 30024	  	$	3,114,509.02	  	  	$
  
	2,143,200

(assessed value)
	  

  

											
	 Record Owner
	  	 Address
	  	Book Value (which 
value
may also include
equipment values)	 	  	Value Per County Tax
Website 18	 
	 The Geon Company
 (now known as PolyOne Corporation)
	  	3100 North 35th Street, Terre Haute, IN 47804	  	$	6,954,328.21	  	  	$	2,363,700	  
	 Avecor Inc

(now known as PolyOne Corporation)
	  	 245 Avecor Drive, Niles Ferry Industrial Pkwy, Vonore
 TN 37885
	  	$	6,896,133.85	  	  	$	1,563,900	  
	 The Geon Company

(now known as PolyOne Corporation)
	  	4250 Bells Lane, Louisville KY 40211	  	$	2,991,250.98	  	  	$
  
	764,300
 (assessed value)
	  
   

	 PolyOne Corporation
	  	2206 Industrial Parkway, Calvert City, KY. (Also referenced as 2468 Industrial Parkway, Calvert City, KY). Site consists of multiple parcels.	  	 	0	  	  			
	 PolyOne Corporation
	  	 7 Guenther Boulevard
 St.
Peters, MO
	  				  	$	974,060	  
	 PolyOne Corporation
	  	 3601 Joint Venture
 Lane
Louisville, KY
	  	 	NA –Property will be sold	  	  	 	NA –Property will be sold	  
	 PolyOne Corporation (as successor to The Hanna Mining Company).
	  	 Itasca, MN
 Parcel No.
25-020-4401; 25-5200-0120
	  	 
 	NA – Property will
be sold	  
  	  	 	NA –Property will be sold	  
	 PolyOne Corporation
	  	1804-1808 River Road Burlington, NJ	  	 
 	NA – Property will be
sold	  
  	  	 
 	NA – Property will be
sold	  
  
	 L.E. Carpenter & Company
	  	 1701 North Main Street

Wharton, NJ
	  	 
 	NA – Property will be
sold	  
  	  	 
 	NA – Property will be
sold	  
  
	 PolyOne Corporation
	  	 DeForest, WI
 Parcel ID Number:
118/0910-084-8020-1
	  	 
 	NA – Property will be
sold	  
  	  	 
 	NA – Property will be
sold	  
  
	 PolyOne Corporation
	  	 21300 Doral Road
 Brookfield,
WI
	  	 
 	NA – Property will be
sold	  
  	  	 
 	NA – Property will be
sold	  
  

									
	 Record Owner
	  	 Address
	  	Book Value (which value
may also include
equipment values)	  	Value Per County Tax
Website 18	 
	 Chromatics, Inc.
	  	 19 Francis J. Clarke Circle

Bethel, CT 06801
	  		  	$	1,670,600	  

 SCHEDULE 5.08(c) 

LEASED REAL PROPERTY 

PolyOne Corporation 
 NEU
Specialty Engineered Materials, LLC 
  

					
	 Entity Name
	  	 Address
	  	 Lessor (Including Address)

	PolyOne Corporation	  	 Groton-Shirley Road, S.E.,
 Ayer, MA 01432
	  	GFI Ayer, L.L.C, 133 Pearl Street, Suite 400, Boston, MA 02110, Attention: Steven E. Goodman
			
	PolyOne Corporation	  	11400 Newport Drive, Suites A/B/C, Rancho Cucamonga, CA 91730	  	Krausz RC Properties One, LLC, 44 Montgomery Street, Suite 3300, San Francisco, CA 94104
			
	PolyOne Corporation	  	1610 Phillips Street, Dyersburg, TN 38024	  	CDSF LTD., LLC, 2207 Kimball Rd., S.E., P.O. Box 20109, Canton, OH 44701, Attention: Douglas J. Sibila
			
	PolyOne Corporation	  	3160 Neil Armstrong Blvd., Suite F04, Eagan, MN 55121	  	AMB Property, L.P., c/o CB Richard Ellis, Inc, 7760 France Avenue South, Suite 770, Minneapolis, MN 55435-5852; with a copy to: AMB Property Corporation, Attn: Asset Manager –
Minneapolis, Pier 1, Bay 1, San Francisco, CA 94111
			
	 PolyOne Distribution Company

(now known as PolyOne Corporation)
	  	114 Morehead Rd., Statesville, NC 28677	  	CDSF LTD. LLC, 2207 Kimball Rd., S.E., P.O. Box 20109, Canton, OH 44701, Attention: Douglas J. Sibila
			
	PolyOne Corporation	  	225 Industrial Drive, Vonore, TN 37885	  	Ken and Leyanne Harper, 3601 HELMSLEY COURT, Maryville, TN 37803
			
	PolyOne Corporation	  	1414 Lowell Street, Elyria, OH 44035	  	Northern Ohio Associates Limited Partnership, c/o RBS Mansfield Corp., 247 W. 87th Street, Suite 8G, New York, NY 10024
			
	PolyOne Corporation	  	10100 Porter Road, LaPorte, TX 77571	  	 Granite Underwood Distribution Centers
 P.O. Box 843856
 Dallas, TX 75284-3856
 Note: Property is managed by Holt Lundsford Commercial

			
	PolyOne Corporation	  	7755 National Turnpike, Unit 130, Louisville, KY 40214	  	LIT Industrial Limited Partnership, 2650 Cedar Springs Rd., Suite 850, Dallas, TX 75204, Attention: James C. Hendricks; with a copy to: Fortis Group, LLC, 462 S. Fourth St., Suite
1810, Louisville, KY 40202, Attention: Property Manager/LIC

					
	 Entity Name
	  	 Address
	  	 Lessor (Including Address)

	PolyOne Corporation	  	1275 Windham Pkwy, Romeoville, IL 60446	  	Offices at Windham Lakes I LLC, 701 West Erie, Chicago, IL 60610, Attention: Steven Kersten, Manager; with copies to: David H. Sachs, Esq., Aronberg Goldgehn Davis & Garmisa,
330 N. Wabash, Suite 1700, Chicago, IL 60611; and to: Nicolson Porter & List, 1300 West Higgins Road, Park Ridge, IL 60068
			
	PolyOne Corporation	  	3910 Third Parkway, Terre Haute, Indiana	  	Distributors Terminal Corporation, P.O. Box 3287, Terre Haute, IN 47803
			
	 GLS Corporation
 (now known as
PolyOne Corporation)
	  	 921 Ridgeview Drive,
 McHenry,
IL
  
 and

 
 831 Ridgeview Drive, McHenry, IL
	  	 Stantine Limited Partnership

Attn: Steven L. Dehmlow
 85 W Algonquin Road,
Suite 600
 Arlington Heights, IL 60005
  

With a copy to
 Elizabeth S. Perdue,
Esq.
 Morgan, Lewis & Bockius LLP

77 West Wacker Drive
 Chicago, IL
60601

			
	 GLS Corporation
 (now known as
PolyOne Corporation)
	  	833 Ridgeview Road, McHenry, IL	  	 Kingsbury Limited Partnership

Attn: Steven L. Dehmlow
 85 W Algonquin Road,
Suite 600
 Arlington Heights, IL 60005
  

With a copy to
 Elizabeth S. Perdue,
Esq.
 Morgan, Lewis & Bockius LLP

77 West Wacker Drive
 Chicago, IL
60601

			
	NEU Specialty Engineered Materials, LLC	  	 15 Corporate Drive,
 North
Haven, CT 06473
 (New Haven County)
	  	 Curtis P. Smith c/o MMSG, LLC

254 North Rolling Acres
 Chesire, CT
06410
  
 With a copy to:

David Wayne Winters
 315 Highland
Avenue
 Chesire, CT 06410

 The ColorMatrix Corporation 

 

					
	 Entity Name
	  	 Address
	  	 Lessor (Including Address)

	The ColorMatrix Corporation	  	30 2nd St. S.W., Barberton, OH 44203	  	Barberton Community Development Corporation, 542 W. Tuscarawas Ave., Barberton, OH 44203
			
	The ColorMatrix Corporation	  	Richland Industrial Park, 7204 Burns Street, Forth Worth, Texas	  	LBM Management, P.O. Box 471105, Fort Worth, TX 76147
			
	The ColorMatrix Corporation	  	680 N. Rocky River Drive, Berea, OH	  	 680 North LLC
 Attn: Shimon
Eckstein
 c/o Eckstein Properties
 60
Broad St., Suite 3503
 New York, NY 10004

 SCHEDULE 5.12 
 EMPLOYEE MATTERS 
 Borrower withdrew from the National Integrated Group Pension Plan (a
Multiemployer Plan) effective October 31, 2010. 

 SCHEDULE 5.13 
 SUBSIDIARIES AND OTHER EQUITY INVESTMENTS; LOAN PARTIES 
  

							
	 Parent
	  	 Subsidiary
	  	Percentage of
Ownership	 
	PolyOne Corporation	  	Burton Rubber Company	  	 	100	% 
	PolyOne Corporation	  	ColorMatrix Group, Inc.	  	 	100	% 
	PolyOne Corporation	  	Conexus, Inc.	  	 	100	% 
	PolyOne Corporation	  	GEON Development, Inc.	  	 	100	% 
	GLS International, Inc.	  	GLS Hong Kong Limited	  	 	100	% 
	PolyOne Corporation	  	GLS International, Inc.	  	 	100	% 
	GLS International, Inc.	  	GLS Thermoplastic Alloys (Suzhou) Co., Ltd.	  	 	100	% 
	GLS International, Inc.	  	GLS Trading (Suzhou) Co., Ltd.	  	 	100	% 
	PolyOne Corporation	  	Hanna-Itasca Company	  	 	100	% 
	PolyOne Corporation	  	Hanna Proprietary Limited	  	 	100	% 
	PolyOne Corporation	  	Hollinger Development Company	  	 	100	% 
	PolyOne Corporation	  	M.A. Hanna Asia Holding Company	  	 	100	% 
	PolyOne Corporation	  	M.A. Hanna Export Services Corporation	  	 	100	% 
	PolyOne Corporation	  	M.A. Hanna Plastic Group, Inc.	  	 	100	% 
	PolyOne Corporation	  	NEU Specialty Engineered Materials, LLC	  	 	100	% 
	PolyOne Corporation	  	P.I. Europe CV	  	 	92	% 
	PolyOne LLC	  	  	 	8	% 
	PolyOne Corporation	  	Polymer Diagnostics, Inc.	  	 	100	% 
	PolyOne Corporation	  	PolyOne Canada Inc.	  	 	100	% 
	PolyOne Corporation	  	PolyOne Controladora S.A. de C.V.	  	 	100	% 
	PolyOne Corporation	  	PolyOne Funding Corporation	  	 	100	% 
	PolyOne Corporation	  	PolyOne Hong Kong Holding Ltd.	  	 	100	% 
	PolyOne Corporation	  	PolyOne International Trading (Shanghai) Co., Ltd.	  	 	100	% 
	PolyOne Corporation	  	PolyOne LLC	  	 	100	% 
	PolyOne Corporation	  	PolyOne Engineered Films, Inc.	  	 	100	% 
	PolyOne Corporation	  	PolyOne Shenzhen Co. Ltd.	  	 	100	% 
	PolyOne Corporation	  	PolyOne Singapore Pte. Ltd.	  	 	100	% 
	Conexus, Inc.	  	PolyOne Termoplasticos do	  	 	0.01	% 

							
	PolyOne Corporation	  	Brasil Ltda.	  	 	99.99	% 
	PolyOne Corporation	  	PolyOne Vinyl Compounds Asia Holdings Limited	  	 	97.2	% 
	PolyOne Corporation	  	PolyOne Wilflex Australasia Pty. Ltd.	  	 	100	% 
	M.A. Hanna Asia Holding Company	  	Star Color Co. Ltd.	  	 	100	% 
	M.A. Hanna Plastic Group, Inc.	  	L.E. Carpenter & Company	  	 	100	% 
	M.A. Hanna Plastic Group, Inc.	  	RA Products, Inc.	  	 	100	% 
	PolyOne Engineered Films, LLC	  	O’Sullivan Plastics LLC	  	 	100	% 
	PolyOne Engineered Films, LLC	  	Regalite Plastics, LLC	  	 	100	% 
	PolyOne Engineered Films, LLC	  	Shawnee Holdings, LLC	  	 	100	% 
	PolyOne Termoplásticos do Brasil Ltda.	  	Uniplen Indústria de Polímeros Ltda.	  	 	100	% 
	PolyOne Termoplásticos do Brasil Ltda.	  	Braspenco Indústria de Compostos Plásticos Ltda.	  	 	100	% 
	PolyOne Controladora, S.A. de C.V.	  	PolyOne de Mexico S.A. de C.V.	  	 	100	% 
	PolyOne Canada Inc.	  	Auseon Ltd.	  	 	80	% 
	The Geon Company Australia Limited	  	  	 	20	% 
	PolyOne Canada Inc.	  	The Geon Company Australia Limited	  	 	100	% 
	PolyOne Canada Inc.	  	LP Holdings Inc.	  	 	100	% 
	PolyOne Canada Inc.	  	PolyOne Funding Canada Corporation	  	 	100	% 
	P.I. Europe C.V.	  	PolyOne International Finance Company	  	 	100	% 
	P.I. Europe C.V.	  	PolyOne Management International Holding, S.L. (ETVE)	  	 	100	% 
	PolyOne Management International Holding, S.L. (ETVE)	  	PolyOne Corporation UK Limited – Trading Company	  	 	100	% 
	PolyOne Management International Holding, S.L. (ETVE)	  	PolyOne Espãna, S.L.	  	 	100	% 
	PolyOne Management International Holding, S.L. (ETVE)	  	PolyOne Italy Srl	  	 	100	% 
	PolyOne Management International Holding, S.L. (ETVE)	  	Polimeks Plastik Tic. ve San. A.S.	  	 	100	% 
	PolyOne Management International Holding, S.L. (ETVE)	  	Tekno Polimer Mühendislik Plastikleri San. ve Tic. A.S.	  	 	100	% 
	PolyOne Management International Holding, S.L. (ETVE)	  	Tekno Ticaret Mühendislik Plastikleri San. ve. Tic. A.S.	  	 	100	% 
	PolyOne Management International Holding, S.L. (ETVE)	  	PolyOne Magyarorsza KFT.	  	 	100	% 
	PolyOne Management International Holding, S.L. (ETVE)	  	PolyOne Belgium SA	  	 	100	% 

							
	PolyOne Management International Holding, S.L. (ETVE)	  	PolyOne Poland Manufacturing Sp. z o.o.	  	 	100	% 
	PolyOne Management International Holding, S.L. (ETVE)	  	M.A. Hanna France S.à.r.l.	  	 	100	% 
	PolyOne Management International Holding, S.L. (ETVE)	  	PolyOne Deutschland, GmbH	  	 	100	% 
	PolyOne Management International Holding, S.L. (ETVE)	  	PolyOne Luxembourg S.a.R.L.	  	 	100	% 
	PolyOne Management International Holding, S.L. (ETVE)	  	PolyOne Sweden, AB	  	 	100	% 
	PolyOne Management International Holding, S.L. (ETVE)	  	PolyOne Europe Logistics S.A.	  	 	99.9	% 
	PolyOne Belgium SA	  	  	 	0.1	% 
	PolyOne Management International Holding, S.L. (ETVE)	  	PolyOne Polska Sp. z o.o.	  	 	99	% 
	PolyOne Belgium SA	  	  	 	1	% 
	PolyOne Management International Holding, S.L. (ETVE)	  	PolyOne CR s.r.o.	  	 	98	% 
	PolyOne Belgium SA	  	  	 	2	% 
	M.A. Hanna France S.à.r.l.	  	PolyOne France S.A.S.	  	 	100	% 
	PolyOne Deutschland, GmbH	  	PolyOne Color and Additives Germany, GmbH	  	 	100	% 
	PolyOne Deutschland, GmbH	  	PolyOne Th. Bergmann, GmbH	  	 	100	% 
	PolyOne Luxembourg S.a.R.L.	  	PolyOne Korea, Ltd.	  	 	100	% 
	PolyOne Vinyl Compounds Asia Holdings Limited	  	PolyOne (Dongguan) Vinyl Compounds Company Ltd.	  	 	100	% 
	PolyOne Hong Kong Holding Limited	  	PolyOne Suzhou, China	  	 	100	% 
	PolyOne Hong Kong Holding Limited	  	PolyOne Shanghai, China	  	 	100	% 
	PolyOne Singapore Pte. Ltd.	  	PolyOne Polymers India Pvt. Ltd	  	 	100	% 
	PolyOne Singapore Pte. Ltd.	  	PolyOne Japan K.K.	  	 	100	% 
	ColorMatrix Group, Inc.	  	ColorMatrix Holdings, Inc.	  	 	100	% 
	ColorMatrix Holdings, Inc.	  	The ColorMatrix Corporation	  	 	100	% 
	The ColorMatrix Corporation	  	Chromatics, Inc.	  	 	100	% 
	The ColorMatrix Corporation	  	ColorMatrix - Brazil, LLC	  	 	100	% 
	The ColorMatrix Corporation	  	Gayson Silicone Dispersions, Inc.	  	 	100	% 
	ColorMatrix Group, Inc.	  	ColorMatrix Plastic Colorant (Suzhou) Co. Ltd.	  	 	100	% 
	ColorMatrix Holdings, Inc.	  	ColorMatrix Asia Limited	  	 	100	% 

							
	ColorMatrix Holdings, Inc.	  	ColorMatrix UK Holdings Ltd.	  	 	100	% 
	ColorMatrix - Brazil, LLC	  	ColorMatrix Argentina S.A.	  	 	95	% 
	The ColorMatrix Corporation	  	  	 	5	% 
	ColorMatrix - Brazil, LLC	  	ColorMatrix do Brasil Industria e Comercio de Pigmentos e Aditivos Ltda.	  	 	95.18	% 
	ColorMatrix South America, Ltd.	  	  	 	4.82	% 
	ColorMatrix - Brazil, LLC	  	ColorMatrix Mexico S.A. de C.V.	  	 	99	% (fixed) 
	The ColorMatrix Corporation	  	  	 
  
	100
 1
	% (variable) 

% (fixed) 

	ColorMatrix - Brazil, LLC	  	ColorMatrix South America, Ltd.	  	 	100	% 
	ColorMatrix UK Holdings Limited	  	ColorMatrix Europe Limited	  	 	83.81	% 
	ColorMatrix Group, Inc.	  		  	 	16.19	% 
	ColorMatrix Europe Limited	  	Seola ApS Holding	  	 	100	% 
	ColorMatrix Europe Limited	  	ColorMatrix Europe BV	  	 	100	% 
	ColorMatrix Europe Limited	  	ColorMatrix U.K. Limited	  	 	100	% 
	Seola ApS Holding	  	Colorant Chromatics AG	  	 	100	% 
	ColorMatrix Europe BV	  	ColorMatrix Russia LLC	  	 	100	% 
	Colorant Chromatics AG	  	Shanghai Colorant Chromatics Co, Ltd.	  	 	100	% 
	Colorant Chromatics AG	  	Colorant Chromatics Trading (Shanghai) Co., Ltd.	  	 	100	% 
	Colorant Chromatics AG	  	Colorant Chromatics AB	  	 	100	% 
	Colorant Chromatics AG	  	Colorant GmbH	  	 	100	% 
	ColorMatrix Europe Limited	  	Malachite Group Limited	  	 	100	% 
	Polyone Corporation	  	Canadian Films Venture Inc.	  	 	100	% 

 SCHEDULE 6.17 
 POST-CLOSING MATTERS 
 1. On the Closing Date deliver to the Administrative Agent, original
certificates representing the Pledged Securities accompanied by undated stock powers executed in blank of: 
 Conexus, Inc.

 GLS International, Inc. 
 M.A. Hanna Asia Holding Company 
 Polymer Diagnostics, Inc. 

PolyOne Canada Inc. 
 ColorMatrix Holdings, Inc. 
 ColorMatrix Group, Inc. 

The ColorMatrix Corporation 
 Chromatics, Inc. 
 ColorMatrix - Brazil, LLC 

Gayson Silicone Dispersions, Inc. 
 2. Not later than a date that is 60 days after the Closing Date (or such longer period as the Administrative Agent, in its discretion, shall have agreed) deliver to the Administrative Agent, an Account
Control Agreement, duly authorized, executed and delivered by each applicable Loan Party, the ABL Agent and each of the following depository banks: (a) Bank of America, (b) Mellon Bank, (c) PNC Bank, (d) Citibank, (e) Bank
of Montreal and (f) Union Bank; in each case, solely with respect to the respective Pledged Deposit Accounts (as such term is defined in the Security Agreement) of the Loan Parties maintained at such banks. 

3. Not later than a date that is 30 days after the Closing Date (or such longer period as the Administrative Agent, in its discretion, shall have agreed)
deliver to the Administrative Agent, the Intercompany Subordination Agreement shall have been duly executed and delivered by each Subsidiary that is not a Loan Party, and shall be in full force and effect. 

 4. Not later than a date that is 90 days after the Closing Date (or such longer period as the Administrative
Agent, in its discretion, shall have agreed) deliver to the Administrative Agent, original certificates representing the Pledged Securities accompanied by undated stock powers executed in blank of: 

GLS Hong Kong Limited 
 GLS Thermoplastic Alloys (Suzhou) Co., Ltd. 
 GLS Trading (Suzhou) Co., Ltd.

 PolyOne Controladora S.A. de C.V. 
 PolyOne Hong Kong Holding Ltd. 
 PolyOne International Trading (Shanghai) Co., Ltd.

 PolyOne Shenzhen Co. Ltd. 
 PolyOne Singapore Pte. Ltd. 
 PolyOne Termoplasticos do Brasil Ltda. 

PolyOne Vinyl Compounds Asia Holdings Limited 
 Star Color Co. Ltd. 
 ColorMatrix Plastic Colorant (Suzhou) Co. Ltd. 

ColorMatrix Asia Limited 
 ColorMatrix UK Holdings Ltd. 
 ColorMatrix Argentina S.A. 

ColorMatrix do Brasil Industria e Comercio de Pigmentos e Aditivos Ltda. 

ColorMatrix Mexico S.A. de C.V. 
 ColorMatrix South America, Ltd. 
 provided that, with respect to any of the entities listed
above that are formed or organized and in existence in the Peoples Republic of China (and not in Hong Kong), the Loan Parties shall not be required to deliver certificates representing the Pledged Securities of such entities if to do so would
contravene an applicable legal prohibition in the Peoples Republic of China. 
 5. Not later than a date that is 90 days after the Closing Date
(or such longer period as the Administrative Agent, in its discretion, shall have agreed) deliver to the Administrative Agent, 

 
evidence reasonably satisfactory to the Administrative Agent that title to all of the Mortgaged Properties is vested in the Borrower or other applicable Loan Party. 

6. Not later than a date that is 90 days after the Closing Date (or such longer period as the Administrative Agent, in its discretion, shall have agreed)
deliver to the Administrative Agent: 
 (a) Evidence that counterparts of the Mortgages have been duly executed, acknowledged
and delivered and are in form suitable for filing or recording in all filing or recording offices that the Administrative Agent may deem necessary or desirable in order to create a valid first and subsisting Lien on the property described therein in
favor of the Administrative Agent for the benefit of the Secured Parties and that all filing, documentary, stamp, intangible and recording taxes and fees have been paid (or have been delivered to the applicable title insurer for the payment at the
time of recording); 
 (b) Fully paid American Land Title Association Lender’s Extended Coverage title insurance policies
(the “Mortgage Policies”), with endorsements and in amounts acceptable to the Administrative Agent, issued, coinsured and reinsured by title insurers reasonably acceptable to the Administrative Agent, insuring the Mortgages to be
valid first and subsisting Liens on the property described therein, free and clear of all defects (including, but not limited to, mechanics’ and materialmen’s Liens) and encumbrances, excepting only Permitted Encumbrances, Permitted Liens
and matters acceptable to Agent in its sole discretion, and providing for such other affirmative insurance (including endorsements for future advances under the Loan Documents, for mechanics’ and materialmen’s Liens and for zoning of the
applicable property, provided that a zoning report from Bock & Clark Corp. or another professional firm reasonably acceptable to the Administrative Agent may be delivered in lieu of such zoning endorsement) and such coinsurance and
direct access reinsurance as the Administrative Agent may deem reasonably necessary or desirable; 
 (c) American Land Title
Association/American Congress on Surveying and Mapping form surveys (each, an “ALTA Survey”), for which all necessary fees (where applicable) have been paid, and dated no more than 90 days after the date of the initial Credit
Extension, certified to the Administrative Agent and the issuer of the Mortgage Policies in a manner satisfactory to the Administrative Agent and consistent with ALTA Survey requirements by a land surveyor duly registered and licensed in the States
in which the property described in such surveys is located and acceptable to the Administrative Agent, showing all buildings and other improvements, any off-site improvements that either materially affect the operation of the Mortgaged Property or
encroach onto the Mortgaged Property, the location of any easements, parking spaces, rights of way, building set-back lines and other dimensional regulations and encroachments, either by such improvements or on to such property, and other defects,
other than Permitted Encumbrances, Permitted Liens and other defects acceptable to the Administrative Agent; provided, however, that notwithstanding the requirements set forth in this clause (C), historical ALTA Surveys previously
delivered to the Administrative Agent for the below properties shall be deemed to comply with such requirements: (i) 8155 Cobb Center Drive, Kennesaw, GA; (ii) 2400 E Devon Avenue, Elk Grove Village, IL; (iii) 3100 North 35th Street,
Terre Haute, IN; (iv) Route 130 & Porcupine Road, Pedricktown, New Jersey; (v) 80 Northwest Street, Norwalk, OH; (vi) 2513 Highland Avenue, Bethlehem, PA and (vii) Highway 146, Seabrook, TX; 

 (d) Evidence of the insurance required by the terms of the Mortgages, including, if
applicable, a completed “Life-of-Loan” Federal Emergency Management Agency Standard Flood Hazard Determination with respect to each Mortgaged Property located in the United States (and with respect to any such facility that is located
within a special flood zone (y) a notice about special flood hazard area status and flood disaster assistance duly executed by the Borrower and each applicable Loan Party relating thereto and (z) evidence of insurance with respect to such
facility as set forth in Section 6.07 and otherwise in form and substance reasonably satisfactory to the Administrative Agent); 
 (e) Opinions of local counsel for the Loan Parties (i) in states in which each Mortgage Property is located, with respect to the enforceability of the Mortgages and necessary requirements in order to
perfect the Mortgages and any related fixture filings in form and substance reasonably satisfactory to the Administrative Agent and (ii) in states in which each Loan Party party to a Mortgage is organized or formed, with respect to the valid
existence, corporate power and authority of such Loan Party in granting the Mortgage, in form and substance reasonably satisfactory to the Administrative Agent; 
 (f) Evidence that all other action that the Administrative Agent may deem reasonably necessary or desirable in order to create valid first and subsisting Liens on the property described in the Mortgages
has been taken; and 
 (g) Environmental assessment reports, each in scope, form and substance satisfactory to the
Administrative Agent; provided that with respect to real properties listed on Schedule 4.01(a)(iv) Part – I on the Closing Date, “Phase-I” reports shall be delivered solely with respect to Route 130 and Porcupine Rd.,
Pedricktown, NJ 08067; 1546 County Rd 1450 North, Henry, IL 61537; and 33587 Walker Road, Avon Lake, OH 44012 (and all other addresses constituting the Avon Lake campus). 

 SCHEDULE 7.01(b) 

EXISTING LIENS 

U.S. 
  

											
	 Debtor
	  	 State
	  	 Jurisdiction
	  	 Secured Party
	  	 UCC Filing

No./Filing Date
	  	 Collateral

	POLYONE CORPORATION	  	IL	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: 016600504
 File Date:
9/14/11
	  	 *For information purposes only
  

1 Used Toyota 7FGCU25
  
 Serial #89951
  
 83/189”
Mast, 42” forks.
  
 Side Shifter, Strobe Light

						
	POLYONE CORPORATION	  	IL	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: 016649600
 File Date:
9/30/11
	  	 *For information purposes only
  

1 Used Toyota 7FGCU15
  
 Serial #70125
  
 83/189”
Mast, 42” forks.
  
 Side Shifter, LPG
Powered

											
	 Debtor
	  	 State
	  	 Jurisdiction
	  	 Secured Party
	  	 UCC Filing

No./Filing Date
	  	 Collateral

	POLYONE CORPORATION	  	OH	  	State	  	CISCO SYSTEMS CAPITAL CORPORATION	  	 UCC: OH00039906742 File Date: 10/15/01
  

Amendment: 20020510796
 File Date:
2/19/02
  
 Continuation: 20061090698

File Date: 4/19/06
  
 Continuation: 20112510276
 File Date: 9/8/11
	  	 All of Debtor’s right, title and interest, now existing and hereafter arising in property described on financing
statement.
  
 Leased Equipment on Master Agreement, dated 4/19/01

 
 Equipment is defined as routers, router components, other computer networking and
telecommunications equipment manufactured by Cisco Systems, Inc., together with related software and software license rights.
  

Amend address of Debtor

						
	Polyone Corporation	  	OH	  	State	  	BASF Corporation	  	 UCC: OH00042647474
 File Date:
12/13/01
  
 Amendment: 20052870150

File Date: 10/12/05
  
 Correction: 20053610118
 File Date: 12/20/05

 
 Continuation: 20062260778
 File Date: 8/11/06
	  	 BASF-owned products on consignment, which include:
  

Hallogen Blue K 6911 D, K6912 D, K 7090
  

Hallogen Green K 8805, K 6683, K 6730 Z
 Luwax AL
3
  
 Paliogen Red K 3811 HD

and 5 others
  
 Amend Secured Party address

											
	 Debtor
	  	 State
	  	 Jurisdiction
	  	 Secured Party
	  	 UCC Filing

No./Filing Date
	  	 Collateral

	Polyone Corporation	  	OH	  	State	  	Tennant Financial Services	  	 UCC: OH00044522301
 File Date:
1/28/02
  
 Continuation: 20063030438

File Date: 10/30/06
	  	 Tennant Model 7300 Cylindrical Scrubber with any and all additions, attachments, accessories, etc. Pursuant to rental
agreement.
  
 *Filed solely as a precaution

						
	PolyOne Corporation	  	OH	  	State	  	 Amended: LANXESS Corporation
  

Amended:
 Bayer Polymers LLC

 
 Original Secured Party: Bayer Corporation
	  	 UCC: OH00051752337
 File Date:
7/10/02
  
 Amendment: 20030800302

File Date: 3/19/03
  
 Amendment: 20042020018
 File Date: 7/20/04

 
 Continuation: 20070990368
 File Date: 4/9/07
	  	 Consignor’s products listed on Attachment 1 of financing statement, consisting of:

 
 •    EPR
Rubber
  

•    Emulsions Rubber

 
 *True Consignment

						
	Polyone Corporation	  	OH	  	State	  	NMHG Financial Services Inc.	  	 UCC: OH00053737509
 File Date:
8/30/02
  
 Continuation: 20070750794

File Date: 3/16/07
	  	 “All of the equipment now or hereafter leased by Lessor to Lessee; and all accessories additions, replacements, and substitutions
thereto and therefor and all proceeds including insurance proceeds, thereof.
  

4134468
  
 NMHG Cost Center 08A23”

											
	 Debtor
	  	 State
	  	 Jurisdiction
	  	 Secured Party
	  	 UCC Filing

No./Filing Date
	  	 Collateral

	Polyone Corporation	  	OH	  	State	  	 Assignee: Presidio Technology Capital, LLC
  

Assignee: Highbridge/Zwirn Special Opportunities Fund, L.P.
  

Assignee: Information Leasing Corporation
  

Original Secured Party: Sayers Finance Corporation
	  	 UCC: OH00060687309 File Date: 3/5/03
  

Assignment: 20031480486
 File Date:
5/27/03
  
 Amendment: 20032250470

File Date: 8/12/03
  
 Amendment: 20043380470
 File Date: 12/2/04

 
 Amendment: 20043380530
 File Date: 12/2/04
  

Assignment: 20043380530
 File Date:
12/2/04
  
 Continuation: 20072830530

File Date: 10/9/07
  
 Assignment: 20110940104
 File Date: 4/1/11
	  	 All right, title and interest to Leased Equipment under Master Lease Agreement No. 130, dated 12/17/02

 
 Various computer equipment (several hundred items), described on Lease Schedules 001,
002, 004 and 08, attached to the several assignments and amendments.

											
	 Debtor
	  	 State
	  	 Jurisdiction
	  	 Secured Party
	  	 UCC Filing

No./Filing Date
	  	 Collateral

	PolyOne Corporation	  	OH	  	State	  	 Amended: Supplyone Cleveland, Inc.
  

Original Secured Party: National Paper & Packaging Co.
	  	 UCC: OH00067980772 File Date: 9/2/03
  

Continuation: 20081850562
 File Date:
7/3/08
  
 Amendment: 20092170520

File Date: 8/5/09
	  	All inventory and other goods listed on Exhibit A of financing statement whenever sold, consigned or delivered to or for Consignee by Consignor. Several dozen items are listed, all
described as “Bags” or “Liners”
						
	Polyone Corporation	  	OH	  	State	  	Popular Leasing U.S.A., Inc.	  	 UCC: OH00074219697 File Date: 2/24/04
  

Continuation: 20090420286
 File Date:
2/11/09
	  	“Lease #: 43755.01 One (1) New 202 Gallon Agitating Ultasonic [sic] Parts Washer, Model SK-1749”
						
	PolyOne Corporation	  	OH	  	State	  	MITSUI PLASTICS, INC.	  	 UCC: OH00087090820 File Date: 3/8/05
  

Continuation: 20093340122
 File Date:
11/25/09
	  	 All plastic goods placed or consigned onto premises of Polyone Corporation

 
 *Filing made for notice
purposes

											
	 Debtor
	  	 State
	  	 Jurisdiction
	  	 Secured Party
	  	 UCC Filing

No./Filing Date
	  	 Collateral

	PolyOne Corporation	  	OH	  	State	  	General Electric Capital Corporation	  	 UCC: OH00100338389 File Date: 4/1/06
  

Continuation: 20110460372
 File Date:
2/15/11
	  	All equipment under certain MRK ML# 0116943 Schedule 001 PDA#01, GE Lease Agreement 7370924 Schedule 002, including all accessories, accessions, etc.
						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	UCC: OH00107673821 File Date: 10/17/06	  	 *For informational purposes only
  

Two new Toyota model 7BRU18, Serial Numbers 32936 and 32938, equipped with 42 inch forks, two batteries and two chargers.

						
	PolyOne Corporation	  	OH	  	State	  	General Electric Capital Corporation	  	 UCC: OH00108698460 File Date: 11/9/06
  

Continuation: 20112440066
 File Date:
9/1/11
  
 Amendment: 20112440062

File Date: 9/1/11
	  	 All equipment under certain MRK ML# 0116943 Schedule 001 PDA #2, GE Lease Agreement 7370924 Schedule 005, including all accessories,
accessions, etc.
  
 Amend Secured Party address

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	UCC: OH00109475954 File Date: 12/4/06	  	 *For informational purposes only
  

One new Toyota Model 7FGCU25 S/N 04338, equipped with side shifter, 42” forks, backup alarm,
etc.

											
	 Debtor
	  	 State
	  	 Jurisdiction
	  	 Secured Party
	  	 UCC Filing

No./Filing Date
	  	 Collateral

	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	UCC: OH00109496544 File Date: 12/4/06	  	 *For informational purposes only
  

One new Toyota Model 7FGCU25 S/N 69880, equipped with side shifter, 42” forks, backup alarm, etc.

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	UCC: OH00110232549 File Date: 12/22/06	  	 *For informational purposes only
  

Five new Toyotas Model 7FGCU25 S/Ns 04871, 04904, 04928, 04964 and 04999, each equipped with side shifter, 42” forks, backup alarm,
etc.

						
	PolyOne Corporation	  	OH	  	State	  	Zeon Chemicals L.P.	  	UCC: OH00110707627 File Date: 1/9/07	  	Consigned goods, defined as all items furnished by Secured Party to Consignee. Consigned goods are described as products 2301X36, 2301X50, 1430X20 and Zealloy (R)
1422
						
	POLYONE CORPORATION	  	OH	  	State	  	General Electric Capital Corporation	  	UCC: OH00111253695 File Date: 1/24/07	  	All equipment under certain MRK ML# 0116943 Schedule 001 PDA #3, GE Lease Agreement 7370924 Schedule 004, including all accessories, accessions, etc.
						
	PolyOne Corporation	  	OH	  	State	  	Wells Fargo Equipment Finance, Inc.	  	UCC: OH00112693466 File Date: 3/9/07	  	 *Transaction intended to be a true lease
  

One (1) New 2006 Trackmobile 4150TM, Serial Number LGN 98208-1106, including all options, attachments and
accessories.

											
	 Debtor
	  	 State
	  	 Jurisdiction
	  	 Secured Party
	  	 UCC Filing

No./Filing Date
	  	 Collateral

	POLYONE CORPORATION	  	OH	  	State	  	Toyota Motor Credit Corporation	  	UCC: OH00113735881 File Date: 4/6/07	  	 *Transaction constitutes a true lease
  

Eight (8) Toyota Forklift
  
 Model # 8FGCU25
  
 Serial #s:
10698, 10868, 10926, 10869, 10596, 10893, 10894, 10897

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	UCC: OH00114063615 File Date: 4/17/07	  	 *For informational purposes only
  

One new Toyota Model 7FBEU18 S/N 16747, equipped with side shifter, 42” forks, backup alarm, etc.

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	UCC: OH00115318435 File Date: 5/18/07	  	 *For informational purposes only
  

Two (2) new Toyotas Model 7FBEU18 S/N 69448, 69449, each equipped with side shifter, 42” forks, backup alarm, etc.

						
	PolyOne Corporation	  	OH	  	State	  	General Electric Capital Corporation	  	UCC: OH00115735136 File Date: 5/31/07	  	All equipment under certain MRK ML# 0116943 Schedule 001 Final, GE Lease Agreement 7370924 Schedule 006, including all accessories, accessions, etc.
						
	POLYONE CORPORATION	  	OH	  	State	  	U.S. BANCORP OLIVER-ALLEN TECHNOLOGY LEASING	  	 UCC: OH00117302828 File Date: 7/17/07
  

Amendment: 20073200472
 File Date:
11/15/07
	  	 All equipment pursuant to Equipment Schedule No. 01 to Master Lease Agreement, dated 7/2/07. Equipment is described as various computer
and telecommunications equipment, software, and software license rights.
  

Amend Collateral

											
	 Debtor
	  	 State
	  	 Jurisdiction
	  	 Secured Party
	  	 UCC Filing

No./Filing Date
	  	 Collateral

	 POLYONE CORPORATION
 DBA
POLYONE DISTRIBUTION COMPANY
	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	UCC: OH00117635257 File Date: 7/26/07	  	 *For informational purposes only
  

Sixteen (16) Toyotas Model # 8FGCU25. S/N: 13541, 13375, 13038, 13200, etc.

						
	Polyone Corporation	  	OH	  	State	  	National City Commercial Capital Company, LLC	  	UCC: OH00117982424 File Date: 8/7/07	  	Equipment and other goods pursuant to Rental Schedule Number 98908000 to Master Lease Agreement, dated 7/25/07. Equipment is described as 40 or so “1977, ACF 5,250 cubic feet,
covered hopper car”(s). No serial numbers.
						
	 POLYONE CORPORATION
 DBA
POLYONE DISTRIBUTION CO
	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	UCC: OH00119874336 File Date: 10/5/07	  	 *For informational purposes only
  

One new Toyota Model 7FBCU25 S/N 70268, equipped with side shifter, 42” forks, backup alarm, etc.

						
	 POLYONE CORPORATION
 DBA
POLYONE DISTRIBUTION CO
	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	UCC: OH00120175286 File Date: 10/15/07	  	 *For informational purposes only
  

One new Toyota Model 8FGCU25 S/N 15096, equipped with side shifter, 42” forks, backup alarm, etc.

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	UCC: OH00120183617 File Date: 10/15/07	  	 *For informational purposes only
  

Three (3) new Toyotas Model 8FGCU25 S/N 11003, 11004, 11011, each equipped with side shifter, 42” forks, backup alarm,
etc.

											
	 Debtor
	  	 State
	  	 Jurisdiction
	  	 Secured Party
	  	 UCC Filing

No./Filing Date
	  	 Collateral

	 POLYONE CORPORATION
 DBA
POLYONE DISTRIBUTION CO
	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	UCC: OH00120574878 File Date: 10/26/07	  	 *For informational purposes only
  

One new Advance Terra 4300B S/N 073424726

						
	 POLYONE CORPORATION
 DBA
POLYONE DISTRIBUTION CO
	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	UCC: OH00121288579 File Date: 11/19/07	  	 *For informational purposes only
  

Two (2) new Toyotas Model 7FBCU25 S/N 70468, 70480, each equipped with side shifter, 42” forks, backup alarm, etc.

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	UCC: OH00121380383 File Date: 11/21/07	  	 *For informational purposes only
  

One new Toyota Model 8FGCU25 S/N 16407, equipped with side shifter, 42” forks, backup alarm, etc.

						
	POLYONE CORPORATION
DBA POLYONE DISTRIBUTION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	UCC: OH00121558138 File Date: 11/29/07	  	 *For informational purposes only
  

One used Toyota Model 7FGCU25 S/N 75992, equipped with side shifter, 189” FSV Mast

						
	POLYONE CORPORATION	  	OH	  	State	  	U.S. BANCORP OLIVER-ALLEN TECHNOLOGY LEASING	  	 UCC: OH00121652188 File Date: 12/3/07
  

Amendment: 20080780520
 File Date:
3/17/08
	  	 All equipment pursuant to Equipment Schedule No. 02 to Master Lease Agreement, dated 7/2/07. Equipment is described as various computer
and telecommunications equipment, software, and software license rights.
  

Amend Collateral

											
	 Debtor
	  	 State
	  	 Jurisdiction
	  	 Secured Party
	  	 UCC Filing

No./Filing Date
	  	 Collateral

	Polyone Corporation	  	OH	  	State	  	National City Commercial Capital Company, LLC	  	UCC: OH00121894948 File Date: 12/11/07	  	Equipment and other goods pursuant to Rental Schedule Number 401672000 to Master Lease Agreement, dated 7/25/07. Equipment is described as 40 or so “1977/1978/1979, ACF, 5,250
cubic feet covered hopper car”(s). No serial numbers.
						
	POLYONE CORPORATION	  	OH	  	State	  	U.S. BANCORP OLIVER-ALLEN TECHNOLOGY LEASING	  	 UCC: OH00124415412 File Date: 3/3/08
  

Amendment: 20081640748
 File Date:
6/12/08
	  	 All equipment pursuant to Equipment Schedule No. 02 to Master Lease Agreement, dated 7/2/07. Equipment is described as various computer
and telecommunications equipment.
  
 Amend Collateral

						
	 POLYONE CORPORATION
 DBA
POLYONE DISTRIBUTION CO
	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	UCC: OH00124952036 File Date: 3/19/08	  	 *For informational purposes only
  

One new Toyota Model 8FGCU32 S/N 11294, equipped with side shifter, 48” forks, backup alarm, etc.

						
	 POLYONE CORPORATION
 DBA
POLYONE DISTRIBUTION CO
	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	UCC: OH00124954616 File Date: 3/19/08	  	 *For informational purposes only
  

One new Toyota Model 8FGCU32 S/N 11273, equipped with backup alarm, 189” FSV Mast, Dual 4 Way Hosing,
etc.

											
	 Debtor
	  	 State
	  	 Jurisdiction
	  	 Secured Party
	  	 UCC Filing

No./Filing Date
	  	 Collateral

	 POLYONE CORPORATION
 DBA
POLYONE DISTRIBUTION CO
	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	UCC: OH00124954727 File Date: 3/19/08	  	 *For informational purposes only
  

One new Toyota Model 8FGCU32 S/N 11263, equipped with Integral Side Shifter, 42” Forks, backup alarm, 189” FSV Mast, etc.

						
	 POLYONE CORPORATION
 DBA
POLYONE DISTRIBUTION
	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	UCC: OH00125115942 File Date: 3/25/08	  	 *For informational purposes only
  

One used Toyota Model 7FGCU25 S/N 67167, equipped with side shifter, 42” forks, 189” FSV Mast

						
	 POLYONE CORPORATION
  

CT CORPORATION, AGENT
	  	OH	  	State	  	AMERICAN AXLE & MANUFACTURING, INC.	  	UCC: OH00125252073 File Date: 3/28/08	  	“RAW MATERIALS, WORK IN PROCESS, FINISHED GOODS, TOOLS AND INVENTORY, MACHINERY AND EQUIPMENT OWNED BY SECURED PARTY AND IN THE POSSESSION OF DEBTOR FROM TIME TO
TIME”
						
	PolyOne Corporation	  	OH	  	State	  	 Assigned: Bank Financial F.S.B.
  

Original Secured Party: Somerset Leasing Corp. II
	  	 UCC: OH00125320927 File Date: 4/1/08
  

Amendment: 20093550179
 File Date:
12/21/09
  
 Assignment: 20112790168

File Date: 10/5/11
	  	 *Intended to be a true lease
  

Leased equipment under schedule no.1 to Lease Agreement dated 1/17/08. Equipment: 1 Briggs 4350TM TrackMobile RailCar Mover, *Cummins B5.9-C152
Turbocharged Diesel Engine, 6 Cylinder, 359 Cubic Inch, 152BHP etc.
  

Amendment: New equipment location

											
	 Debtor
	  	 State
	  	 Jurisdiction
	  	 Secured Party
	  	 UCC Filing

No./Filing Date
	  	 Collateral

	 POLYONE CORPORATION
 DBA
POLYONE DISTRIBUTION
	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	UCC: OH00125831112 File Date: 4/18/08	  	 *For informational purposes only
  

One new Toyota Model 8FGCU30 S/N 11900, equipped with side shifter, 42” Forks, backup alarm, 187” FSV Mast, etc.

						
	POLYONE CORPORATION	  	OH	  	State	  	U.S. BANCORP EQUIPMENT FINANCE INC.	  	 UCC: OH00127151071 File Date: 6/2/08
  

Amendment: 20082610098
 File Date:
9/15/08
	  	 All equipment and other personal property pursuant to Equipment Schedule No. 04 to Master Lease Agreement, dated 7/2/07. Equipment on
attached Exhibit is described as various computer and network equipment.
  

Amend Collateral

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	UCC: OH00127154996 File Date: 6/3/08	  	 *For informational purposes only
  

One (1) New advance Exterra S/N 2053546

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	UCC: OH00127169624 File Date: 6/3/08	  	 *For informational purposes only
  

One (1) Advance Terra 4300B S/N 081208964

						
	PolyOne Corporation	  	OH	  	State	  	Somerset Leasing Corp. I	  	UCC: OH00128496446 File Date: 7/28/08	  	 *Intended to be a true lease
  

Equipment under Schedule No. 2 to Lease Agreement, dated 1/17/08. Equipment is described as 1 7413 Tennant Model T5 Walk Behind Scrubber
T5-10389390

											
	 Debtor
	  	 State
	  	 Jurisdiction
	  	 Secured Party
	  	 UCC Filing

No./Filing Date
	  	 Collateral

	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	UCC: OH00129168290 File Date: 8/27/08	  	 *For informational purposes only
  

Two (2) new Toyotas Model 8FGCU25 S/N 21072, 21589 equipped with side shifter, 42” forks, backup alarm, etc.

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	UCC: OH00129207345 File Date: 8/28/08	  	 *For informational purposes only
  

One new Toyota Model 6BWS152L04 S/N 10154, equipped with 48” pallet forks,UL type EE Rating, Battery Discharge Indicator, etc.

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	UCC: OH00129370138 File Date: 9/5/08	  	 *For informational purposes only
  

Two (2) new Toyotas Model 6BWR152L24 S/N 30406, 60409 equipped with 36” pallet forks,UL type EE Rating, Battery Discharge Indicator,
etc.

						
	POLYONE CORPORATION	  	OH	  	State	  	U.S. BANCORP EQUIPMENT FINANCE INC.	  	 UCC: OH00129537960 File Date: 9/12/08
  

Amendment: 20092670368
 File Date:
9/23/09
	  	 All equipment and other personal property pursuant to Schedule No. 05 to Master Lease Agreement, dated 7/2/07. Equipment is described on
attached exhibit as various computer and network equipment, several dozen items.
  
 Amend Collateral

											
	 Debtor
	  	 State
	  	 Jurisdiction
	  	 Secured Party
	  	 UCC Filing

No./Filing Date
	  	 Collateral

	PolyOne Corporation	  	OH	  	State	  	 Assigned: BankFinancial FSB
  

Original Secured Party: Somerset Leasing Corp. XIV
	  	 UCC: OH00129848131 File Date: 9/26/08
  

Assignment: 20112690187
 File Date:
9/23/11
	  	 *Intended to be a true lease
  

Equipment under Schedule No. 3 to Lease Agreement dated 1-17-08. Equipment includes forklifts, batteries and battery chargers.

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	UCC: OH00130292307 File Date: 10/17/08	  	 *For informational purposes only
  

Two (2) new Ametek Chargers Model 1050 T3-24 S/N 308CS68260, 308CS68261

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	UCC: OH00130294987 File Date: 10/17/08	  	 *For informational purposes only
  

Two (2) new Deka batteries model 24-85D-21 S/N 1804FR, 3267DR

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	UCC: OH00131007688 File Date: 11/18/08	  	 *For informational purposes only
  

One new Advance 4300 Captor LP S/N 1000002500

						
	POLYONE CORPORATION	  	OH	  	State	  	KANEKA TEXAS CORPORATION	  	UCC: OH00131529563 File Date: 12/10/08	  	 *Filing made for Notice purposes only
  

All impact modifiers and processing aids now or hereafter acquired by Consignor and thereafter placed on premises of
Consignee

											
	 Debtor
	  	 State
	  	 Jurisdiction
	  	 Secured Party
	  	 UCC Filing

No./Filing Date
	  	 Collateral

	Polyone Corp.	  	OH	  	State	  	M & R Sales & Service	  	UCC: OH00133359261 File Date: 3/16/09	  	 1 P/N GTRZ162214122036A Gauntlet Z Press 16X22 S/N 030979382G

 
 1 P/N CAYZ182220360 Cayenne Z Quartz Flash 18X22 S/N 030979358C

 
 1 P/N CAYZ182220360 Cayenne Z Quartz Flash 18X22 S/N 030979355C and 4
others

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	UCC: OH00133854261 File Date: 4/9/09	  	 *For informational purposes only
  

One used Toyota Model 7FGCU25 S/N 83158, equipped with side shifter, 42” forks, 189” FSV mast, single internal hosing

						
	POLYONE CORPORATION	  	OH	  	State	  	AIR LIQUIDE INDUSTRIAL US LP	  	UCC: OH00133945830 File Date: 4/13/09	  	“TELEMETRY- DATAL ONE VESSEL- PE, S/N 05866, 4700 GAL”
						
	POLYONE CORPORATION	  	OH	  	State	  	U.S. BANCORP EQUIPMENT FINANCE INC.	  	 UCC: OH00135861935 File Date: 7/8/09
  

Amendment: 20093340260
 File Date:
11/25/09
	  	 All equipment and other personal property pursuant to Schedule 007 to Master Lease Agreement, dated 7/2/07. Equipment described on
exhibit to amendment as various computer equipment.
  
 Amend
Collateral

											
	 Debtor
	  	 State
	  	 Jurisdiction
	  	 Secured Party
	  	 UCC Filing

No./Filing Date
	  	 Collateral

	POLYONE CORPORATION	  	OH	  	State	  	U.S. BANCORP EQUIPMENT FINANCE INC.	  	 UCC: OH00135862058 File Date: 7/8/09
  

Amendment: 20092670364
 File Date:
9/23/09
	  	 All equipment and other personal property pursuant to Schedule 06 to Master Lease Agreement, dated 7/2/07. Equipment described on
exhibit to amendment as sixteen (16) “Steelhead 250 w/2 Onboard GBE”
  
 Amend Collateral

						
	PolyOne Corporation	  	OH	  	State	  	MRK Leasing, Ltd.	  	UCC: OH00136154008 File Date: 7/22/09	  	Equipment pursuant to Lease # 0116943.003. Described on Schedule A as “Steelhead 5050 with 4 Onboard GBE” and several other similar items.
						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	UCC: OH00136268069 File Date: 7/28/09	  	 *For informational purposes only
  

One new Toyota 7FBCU25 S/N 72480. Sideshifter, 42” forks, etc.

						
	POLYONE CORPORATION	  	OH	  	State	  	U.S. BANCORP EQUIPMENT FINANCE INC.	  	 UCC: OH00136947887 File Date: 9/2/09
  

Amendment: 20100600239
 File Date:
3/1/10
	  	 Equipment and other personal property pursuant to Equipment Schedule No. 08 to Master Lease Agreement, dated 7/2/07. Exhibit A to
Amendment describes as various computer equipment.
  
 Amend
Collateral

											
	 Debtor
	  	 State
	  	 Jurisdiction
	  	 Secured Party
	  	 UCC Filing

No./Filing Date
	  	 Collateral

	POLYONE CORPORATION	  	OH	  	State	  	U.S. BANCORP EQUIPMENT FINANCE INC.	  	 UCC:
 OH00136947998

File Date: 9/2/09
  
 Amendment: 20102700071
 File Date: 9/24/10
	  	 Equipment and other personal property pursuant to Equipment Schedule No. 08 to Master Lease Agreement, dated 7/2/07. Exhibit A to
Amendment describes as various computer equipment.
  
 Amend
Collateral

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC:
 OH00137062983

File Date: 9/8/09
	  	 *For informational purposes only
  

One new Toyota 8FGU25 S/N 19655. Sideshifter, 48” forks, etc.

						
	PolyOne Corporation	  	OH	  	State	  	Georgia-Pacific Corrugated LLC	  	 UCC:
 OH00137200816

File Date: 9/15/09
	  	Consigned inventory in Consignment Agreement, dated 3/1/02. Laminated bulk boxes and caps located at buyer’s sites.
						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC:
 OH00137362919

File Date: 9/23/09
	  	 *For informational purposes only
  

One used Toyota 7FBCU25 S/N 64964. Sideshifter, 42” forks, 83/189” Mast

						
	PolyOne Corporation	  	OH	  	State	  	MRK Leasing, Ltd.	  	 UCC:
 OH00138016765

File Date: 10/26/09
	  	Equipment pursuant to Lease #0116943.002. Described on Schedule A as 3 LXE VXS Vehicle Mounted Computers.

											
	 Debtor
	  	 State
	  	 Jurisdiction
	  	 Secured Party
	  	 UCC Filing

No./Filing Date
	  	 Collateral

	POLYONE CORPORATION	  	OH	  	State	  	U.S. BANCORP EQUIPMENT FINANCE INC.	  	 UCC:
 OH00139644414

File Date: 1/13/10
  
 Amendment: 20102700073
 File Date: 9/24/10
	  	 Equipment and other personal property pursuant to Equipment Schedule No. 010 to Master Lease Agreement, dated 7/2/07. Exhibit A to
Amendment describes as various computer and networking equipment.
  
 Amend
Collateral

						
	POLYONE CORPORATION	  	OH	  	State	  	U.S. BANCORP EQUIPMENT FINANCE INC.	  	 UCC:
 OH00139644525

File Date: 1/13/10
  
 Amendment: 20102700074
 File Date: 9/24/10
	  	 Equipment and other personal property pursuant to Equipment Schedule No. 011 to Master Lease Agreement, dated 7/2/07. Exhibit A to
Amendment describes as various computer and audio/visual equipment.
  
 Amend
Collateral

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC:
 OH00140059547

File Date: 2/2/10
	  	 *For informational purposes only
  

“One (1) New Advance Convertamatic 26 S/N 1000031977”

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC:
 OH00140262053

File Date: 2/15/10
	  	 *For informational purposes only
  

“One (1) New Genie Z34/22 S/N Z3410-7789, Equipped With: Tool Tray, Low Volt Interrupt”

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC:
 OH00140262164

File Date: 2/15/10
	  	 *For informational purposes only
  

Two (2) New Toyota Models 30-7FBCU25 S/N 61031, 61033, Each Equipped With: Side shifter, 42” forks,
etc.

											
	 Debtor
	  	 State
	  	 Jurisdiction
	  	 Secured Party
	  	 UCC Filing

No./Filing Date
	  	 Collateral

	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC:
 OH00140765473

File Date: 3/12/10
	  	 *For informational purposes only
  

Two (2) New Toyota Models 7HBW23 S/N 36605, 36607, Each Equipped With: 42” X 27” forks, removable 48” LBR, etc.

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC:
 OH00140868522

File Date: 3/18/10
	  	 *For informational purposes only
  

Three (3) New Toyota Models 8FGCU30 S/N 13976, 13997, 13999 Each Equipped With: Side shifter, 42” forks, Backup alarm, etc.

						
	PolyOne Corporation	  	OH	  	State	  	U.S. Bancorp Equipment Finance, Inc.	  	 UCC:
 OH00143650211

File Date: 7/15/10
	  	One (1) Used 2008 Trackmobile, Model 4350TM; together with all replacements, parts, repairs, additions, etc.
						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC:
 OH00144197513

File Date: 8/6/10
  
 Amendment: 20102220281
 File Date: 8/10/10
	  	 *For informational purposes only
  

One new Toyota Model 7BN20203FSV S/N 50942. Equipped with: Side shifter, 48” forks, etc.

 
 Amendment modifies collateral description slightly.

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC:
 OH00144293810

File Date: 8/12/10
	  	 *For informational purposes only
  

One new Toyota Model 8FGCU25 S/N 28677. Equipped with: Side shifter, 42” forks,
etc.

											
	 Debtor
	  	 State
	  	 Jurisdiction
	  	 Secured Party
	  	 UCC Filing

No./Filing Date
	  	 Collateral

	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC:
 OH00144553135

File Date: 8/25/10
	  	 *For informational purposes only
  

Four (4) new Toyotas Model 7FBEU15 S/N 21545, 21569, 51271, 21592. Each equipped with: 42” forks, Backup alarm, 189” FSV Mast,
etc.

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC:
 OH00144554036

File Date: 8/25/10
	  	 *For informational purposes only
  

One new Toyota Model 7FBEU15 S/N 21550. Equipped with: 42” forks, backup alarm, etc.

						
	POLYONE CORPORATION	  	OH	  	State	  	U.S. BANCORP EQUIPMENT FINANCE, INC.	  	 UCC:
 OH00144572923

File Date: 8/26/10
	  	Equipment and other personal property pursuant to Equipment Schedule No. 013 to Master Lease Agreement, dated 7/2/07.
						
	POLYONE CORPORATION	  	OH	  	State	  	U.S. BANCORP EQUIPMENT FINANCE, INC.	  	 UCC:
 OH00144573046

File Date: 8/26/10
	  	Equipment and other personal property pursuant to Equipment Schedule No. 012 to Master Lease Agreement, dated
7/2/07.

											
	 Debtor
	  	 State
	  	 Jurisdiction
	  	 Secured Party
	  	 UCC Filing

No./Filing Date
	  	 Collateral

	PolyOne Corporation	  	OH	  	State	  	 Partial Assignee: Wells Fargo Equipment Finance, Inc.
  

Original Secured Party: Summit Funding Group, Inc.
	  	 UCC:
 OH00145278293

File Date: 9/30/10
  
 Partial Assignment: 20103070146
 File Date: 11/2/10

 
 Amendment: 20103070146
 File Date: 11/2/10
  
 Partial
Assignment: 20110330076
 File Date: 1/31/11
  

Amendment: 20110330076
 File Date:
1/31/11
	  	 All present and future goods pursuant to Master Lease Agreement 2417, dated 8/23/10

 
 Partial Assignment on 11/2/10 to Wells Fargo, Schedule Number 001 to Master Lease
Agreement
  
 Partial Assignment on 1/31/11 to Wells Fargo, Schedule Number
002 to Master Lease Agreement

						
	POLYONE CORPORATION	  	OH	  	State	  	U.S. BANCORP EQUIPMENT FINANCE, INC.	  	 UCC:
 OH00145429052

File Date: 10/7/10
	  	Equipment and other personal property pursuant to Equipment Schedule No. 014 to Master Lease Agreement, dated 7/2/07.
						
	POLYONE CORPORATION	  	DE	  	State	  	DE LAGE LANDEN FINANCIAL SERVICES, INC.	  	 UCC:
 OH00145429385

File Date: 10/7/10
	  	“ALL EQUIPMENT OF ANY MAKE OR MANUFACTURE, TOGETHER WITH ALL ACCESSORIES AND ATTACHMENTS FINANCED BY OR LEASED TO LESSEE BY LESSOR UNDER MASTER LEASE AGREEMENT NUMBER
_498_.”

											
	 Debtor
	  	 State
	  	 Jurisdiction
	  	 Secured Party
	  	 UCC Filing

No./Filing Date
	  	 Collateral

	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC:
 OH00146965342

File Date: 12/20/10
	  	 *For informational purposes only
  

Three (3) new Toyotas Model 8FGU25 S/N 32186, 32197, 32268. Each equipped with: Side shifter, 42” forks, Backup alarm, 189” FSV Mast,
etc.

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC:
 OH00146968601

File Date: 12/20/10
	  	 *For informational purposes only
  

One (1) new Toyota Model 8FGU25 S/N 32198. Equipped with: Side shifter, 48” forks, Backup alarm, 189” FSV Mast, etc.

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC:
 OH00146968823

File Date: 12/20/10
	  	 *For informational purposes only
  

One (1) new Toyota Model 8FGU32 S/N 30940. Equipped with: Backup alarm, 187” FSV Mast, etc.

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC:
 OH00146969491

File Date: 12/20/10
	  	 *For informational purposes only
  

Two (2) new Toyotas Model 8FGU25 S/N 32250, 32270. Equipped with: Side shifter, 48” forks, Backup alarm, 189” FSV Mast,
etc.

											
	 Debtor
	  	 State
	  	 Jurisdiction
	  	 Secured Party
	  	 UCC Filing

No./Filing Date
	  	 Collateral

	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC:
 OH00146969835

File Date: 12/20/10
	  	 *For informational purposes only
  

Three (3) new Toyotas Model 8HBW30 S/N 40141, 40142, 40143. Each equipped with: 48” X 27” forks, UL Type EE Rating, etc.

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC:
 OH00146977266

File Date: 12/20/10
	  	 *For informational purposes only
  

Two (2) new Toyotas Model 6BWR15 S/N 30509, 30510, 40143. Equipped with: 42” forks, battery discharge indicator, UL Type EE Rating,
etc.

						
	POLYONE CORPORATION	  	OH	  	State	  	ENTEK MANUFACTURING, INC.	  	 UCC:
 OH00147079192

File Date: 12/23/10
	  	One 40mm Extrusion Line – Serial #83681-0401008, including, but not limited to, Extruder, RSLinx program, Spare screw set on shafts, Vent stack, etc.
						
	POLYONE CORPORATION	  	OH	  	State	  	ENTEK MANUFACTURING, INC.	  	 UCC:
 OH00147079203

File Date: 12/23/10
	  	One 40mm Extrusion Line – Serial #83735-0401000, including, but not limited to, Extruder, Spare screw set on shafts,
etc.

											
	 Debtor
	  	 State
	  	 Jurisdiction
	  	 Secured Party
	  	 UCC Filing

No./Filing Date
	  	 Collateral

	POLYONE CORPORATION	  	OH	  	State	  	U.S. BANCORP EQUIPMENT FINANCE, INC.	  	 UCC:
 OH00148179882

File Date: 2/14/11
	  	All equipment, inventory and/or rights in any software, whether now owned or hereafter acquired, financed under that certain Master Lease Agreement, dated 7/2/07, together with all
substitutions, replacements, parts, repairs, etc.
						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC:
 OH00149158203

File Date: 4/1/11
	  	 *For informational purposes only
  

One (1) new Toyota Model 8FGU25 S/N 33854. Equipped with: S/S, 42” forks 189” FSV Mast, etc.

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC:
 OH00149158314

File Date: 4/1/11
	  	 *For informational purposes only
  

One (1) new Toyota Model 8FGCU25 S/N 31335. Equipped with: S/S, 42” forks 189” FSV Mast, etc.

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC:
 OH00149863238

File Date: 5/2/11
	  	 *For informational purposes only
  

One (1) new Toyota 7FBEU15 S/N 22475. Equipped with: S/S, 42” forks 189” FSV Mast,
etc.

											
	 Debtor
	  	 State
	  	 Jurisdiction
	  	 Secured Party
	  	 UCC Filing

No./Filing Date
	  	 Collateral

	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC:
 OH00150185556

File Date: 5/13/11
  
 Amendment: 20111390203
 File Date: 5/19/11
	  	 *For informational purposes only
  

One (1) new Raymond R40TT S/N EZ-10-AF50397. Equipped with: S/S, 42” forks 211” TT Mast, etc.

 
 Amendment corrects S/N on battery

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC:
 OH00150279151

File Date: 5/18/11
	  	 *For informational purposes only
  

Two (2) new Toyotas 8FBCU30 S/N 60423, 60424. Each equipped with: S/S, 42” forks 187” FSV Mast, etc.

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC:
 OH00150361510

File Date: 5/20/11
	  	 *For informational purposes only
  

(1) New Advance SC800 s/n 4000015726

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC:
 OH00150395925

File Date: 5/23/11
	  	 *For informational purposes only
  

Two (2) new Toyotas 7FBEU20 S/N 19147, 19148. Each equipped with: S/S, 42” forks 189” FSV Mast, etc.

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC:
 OH00150415393

File Date: 5/24/11
	  	 *For informational purposes only
  

Three (3) new Toyotas 8FBCU30 S/N 60416, 60420, 60478. Each equipped with: S/S, 48” forks 187” FSV Mast, etc.

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC:
 OH00150675040

File Date: 6/3/11
	  	 *For informational purposes only
  

(1) New Advance Adgressor 2820 S/N 1000044240

											
	 Debtor
	  	 State
	  	 Jurisdiction
	  	 Secured Party
	  	 UCC Filing

No./Filing Date
	  	 Collateral

	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC:
 OH00151302355

File Date: 6/30/11
	  	 *For informational purposes only
  

(1) New Toyota 7FGCU35 S/N 71667, Equipped with S/S, 42” forks, etc.

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC:
 OH00151627464

File Date: 7/15/11
	  	 *For informational purposes only
  

(1) New Toyota 8FGCU25 S/N 32435, Equipped with S/S, 42” forks, etc.

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC:
 OH00152426550

File Date: 8/24/11
	  	 *For informational purposes only
  

Three (3) new Toyotas 8FBCU25 S/N 33652, 33701, 33834. Each equipped with: S/S, 42” forks Back up alarm, etc.

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC:
 OH00153134077

File Date: 9/28/11
	  	 *For informational purposes only
  

Five (5) new Toyotas 8FGCU25 S/N 34605, 34648, 34678, 34716, 34739. Each equipped with: S/S, 42” forks back up alarm, etc.

						
	POLYONE CORPORATION	  	OH	  	State	  	FEDERAL EQUIPMENT COMPANY	  	 UCC:
 OH00153378073

File Date: 10/7/11
	  	Inventory #20245 – One (1) Used Union Process Lab Attritor, Model 1, Type B, stainless steel, jacketed bowl, 2.5 gallon total capacity etc. etc. Serial #154
						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC:
 OH00153725818

File Date: 10/26/11
	  	 *For informational purposes only
  

Two (2) new Toyotas 8FGCU25 S/N 33791, 33835. Each equipped with: S/S, 42” forks 187” back up alarm,
etc.

											
	 Debtor
	  	 State
	  	 Jurisdiction
	  	 Secured Party
	  	 UCC Filing

No./Filing Date
	  	 Collateral

	PolyOne Corporation	  	TX	  	State	  	TENNANT FINANCIAL SERVICES	  	 UCC:
 030000478719

File Date: 9/6/02
  
 Continuation: 0700126110
 File Date: 4/16/07
	  	 Equipment; including all improvements, attachments, and accessories thereto.

 
 4147379-001

 
 Tennant M5700 Scrubber

 
 MPV Cost Center 39H7

  

	 	•	 	 Certificate of Deposit, in the balance of $2,700,000.00, at the Bank of America located at 100 North Tryon Street, Charlotte, North Carolina 28255.
This is cash collateral in favor of Bank of America for certain credit card programs of PolyOne Corporation with Bank of America. Account number: 406231. 

Permitted Liens with respect to Exclusive License Agreements19 

 

	 	•	 	 Exclusive License Agreement, dated March 12, 2004, between The ColorMatrix Corporation and Container Science, Inc. 

 

	 	•	 	 License Agreement, dated February 13, 2009, between ColorMatrix Holdings, Inc. and Amcor Pet Packaging USA, Inc. 

 

	 	•	 	 License Agreement, dated November 6, 2008, between ColorMatrix Holdings, Inc. and Artenius Pet Packaging Europe, Inc.

  

	 	•	 	 Joint Development Agreement, dated February 25, 2010, between ColorMatrix Group, Inc. and Printpack, Inc. 

 

	 	•	 	 Joint Development Agreement, dated August 2002, between ColorMatrix Group, Inc. and Container Science, Inc., as amended February 21, 2011.

  

	 	•	 	 Joint Development Agreement, dated June 14 2004, between ColorMatrix Europe Ltd. and Dupont Sabanci Polyester Europe BV, as amended on
July 24, 2006. 

  

	 	•	 	 Joint Research Development and Supply Agreement, dated September 6, 2009, between ColorMatrix Group, Inc. and DSM Micabs, B.V.

  

	 	•	 	 Joint Development Agreement, dated March 16, 2009, between ColorMatrix Group, Inc. and PPG Industries, Inc. 

 

	19 	 These outbound exclusive license agreements restrict the ability of PolyOne Corporation or its Subsidiaries which entered into such license agreements,
to use or dispose of certain intellectual property as provided in the license agreements. 

 Canada 
  

							
	DEBTOR	  	JURISDICTION	  	SECURED PARTY	  	FILE NO./ REGISTRATION NO. AND COLLATERAL
	PolyOne Canada Inc.	  	Ontario	  	Toyota Motor Credit Corporation	  	 671045805/
 20110628 1659 1862
2643
  
 Equipment, Motor Vehicle Included

 
 2011 TOYOTA 8FGCU25
 VIN: 32435
  
 THIS FINANCING
STATEMENT IS FOR INFORMATIONAL PURPOSES ONLY. THE SECURED PARTY IS THE OWNER OF THE FOLLOWING PROPERTY (1) NEW TOYOTA 8FGCU25 S/N 32435 EQUIPT WITH S/S, 42 FORKS, 189 FSV MAST, LIGHTS, NON-MARKING TIRES, UL TYPE LP W/O TANK

				
	PolyOne Canada Inc.	  	Ontario	  	Praxair Canada Inc.	  	 662069844/
 20100610 1316 1793
6605
  
 Equipment

 
 EQUIPMENT SUPPLIED BY THE SECURED PARTY, CONSISTING OF BULK CRYOGENIC STORAGE TANKS
USED FOR THE STORAGE, FILLING AND DELIVERY OF INDUSTRIAL AND MEDICAL GASES INCLUDING, WITHOUT LIMITATION, ARGON, HYDROGEN, CARBON DIOXIDE, NITROGEN, NITROUS OXIDE AND OXYGEN, AND CRYOGENIC FREEZERS, TOGETHER WITH ALL RELATED ACCESSORIES, PARTS,
COMPONENTS AND ATTACHMENTS AND ALL PROCEEDS OF OR RELATING TO ANY

							
		  		  		  	OF THE FOREGOING AS WELL AS ALL PRESENT OR AFTER-ACQUIRED PROPERTY THAT MAY BE DERIVED FROM THE SALE OR OTHER DISPOSITION OF THE COLLATERAL DESCRIBED HEREIN.
				
	PolyOne Canada Inc.	  	Ontario	  	Donlen Fleet Leasing Ltd./Location de Flottes Donlen Ltee.	  	 633066183/
 20070226 1954 1531
9178
  
 Equipment, Accounts, Other, Motor Vehicle Included

 
 ALL MOTOR VEHICLES NOW OR HEREAFTER LEASED BY THE SECURED PARTY TO THE DEBTOR,
INCLUDING, WITHOUT LIMITATION, ALL ACCESSORIES, SPARE PARTS, REPLACEMENTS, MANUALS, DOCUMENTS OF TITLE AND ACCESSIONS RELATING TO ANY SUCH MOTOR VEHICLES AND ALL PROCEEDS (IN ANY FORM OF PERSONAL PROPERTY) IN RESPECT OF ANY OF THE FOREGOING. THIS
FILING IS PROTECTION WITH RESPECT TO VEHICLES LEASED TO DEBTOR UNDER A LEASE INTENDED TO BE A TRUE LEASE.

				
	PolyOne Canada Inc.	  	Ontario	  	 Donlen Fleet Leasing
 Ltd./
Location de
 Flottes Donlen Ltee.
	  	 633066192/
 20070226 1954 1531
9179
 20090402 1450 1530 0933
  

Equipment, Accounts, Other, Motor Vehicle Included
  

ALL MOTOR VEHICLES NOW OR HEREAFTER LEASED BY THE SECURED PARTY TO THE DEBTOR, INCLUDING, WITHOUT LIMITATION, ALL ACCESSORIES, SPARE PARTS, REPLACEMENTS,
MANUALS, DOCUMENTS OF TITLE AND ACCESSIONS RELATING TO ANY SUCH MOTOR VEHICLES AND ALL PROCEEDS

							
		  		  		  	(IN ANY FORM OF PERSONAL PROPERTY) IN RESPECT OF ANY OF THE FOREGOING. THIS FILING IS PROTECTION WITH RESPECT TO VEHICLES LEASED TO DEBTOR UNDER A LEASE INTENDED TO BE A TRUE
LEASE.
				
	 PolyOne Canada Inc.
  

PolyOne Corporation
	  	Ontario	  	Zeon Chemicals L.P.	  	 632093256/
 20070112 1221 2505
0237
  
 Inventory, Equipment

 
 ZEON CHEMICALS L.P. MAY CONSIGN CERTAIN PARTS AND/OR RAW MATERIALS ON A NO-CHARGE
BASIS TO CONSIGNEE FOR INCORPORATION INTO THE PRODUCTS PRODUCED BY CONSIGNEE. FOR THE PURPOSES OF THIS AGREEMENT, CONSIGNED GOODS ARE DEFINED AS ALL ITEMS FURNISHED BY ZEON CHEMICALS L.P. OR CAUSED BY ZEON CHEMICALS L.P. TO BE FURNISHED TO
CONSIGNEE. A DESCRIPTION OF THE CONSIGNED GOODS IS THE FOLLOWING PRODUCTS WILL BE INCLUDED IN THIS CONSIGNMENT AGREEMENT, 2301X36, 2301X50, 1430X20, ZEALLOY (R) 1422. CONSIGNED GOODS WILL BE LOCATED AND USED AT AVON LAKE, OHIO, ELYRIA, OHIO, TERRE
HAUTE, INDIANA, RANCHO CUCAMONGA, CALIFORNIA, NIAGARA FALLS, ONTARIO, CANADA. CONSIGNED GOODS ARE AND WILL REMAIN THE PROPERTY OF ZEON CHEMICALS L.P.. ZEON CHEMICALS L.P. SHALL HAVE THE RIGHT AT ANY TIME TO RECALL ANY OF THE CONSIGNED
GOODS.

							
	PolyOne Canada, Inc.	  	Ontario	  	Donlen Fleet Leasing Ltd.	  	 630739161/
 20061120 1941 1531
8265
  
 Equipment, Accounts, Other, Motor Vehicle Included

 
 2007 Chevrolet Impala
 V.I.N.: 2G1WU58RX79207566

				
	PolyOne Canada Inc.	  	Ontario	  	The Corporation of the Town of Orangeville	  	 888453369/
 20021022 1003 1793
5710
  
 Equipment, Other

 
 EQUIPMENT LEASED BY THE SECURED PARTY TO THE DEBTOR FOR USE AT A PLASTICIZER
SYNTHESIS PLANT LOCATED AT 15 TIDEMAN DRIVE, AND A POLYMAER COMPOUNDING PLANT LOCATED AT 17 TIDEMAN DRIVE, AS MORE PARTICULARLY DESCRIBED IN A LEASE AGREEMENT DATED AS OF AUGUST 26, 2002 BETWEEN THE SECURED PARTY AND THE DEBTOR, AS IT MAY BE AMENDED
FROM TIME TO TIME.

				
	PolyOne Canada Inc.	  	Quebec	  	Praxair Canada Inc.	  	 10-0388782-0001
 Rights of
ownership of the lessor under a leasing agreement
  
 All movable
property.

				
	 PolyOne Canada, Inc.
  

(further to an amendment registered under number 09-0174392-0002)
	  	Quebec	  	 Donlen Fleet Leasing Ltd.
  

Location de Flottes
 Donlen Ltee
	  	 07-0101357-0035
 Rights
resulting from a lease
  
 All motor vehicles leased by the secured party to
the debtor.
  
 This registration is a global registration under section
2961.1 of the Civil Code of Quebec.

 Foreign 
 Liens against the accounts receivable solely of ColorMatrix do Brasil Indústria e Comércio de Pigmentos e Aditivos Ltda., which secure only borrowings under the Bank Credit, dated
August 11, 2011, issued by Itaú Unibanco S.A. for a revolving credit facility of up to 900,000 Brazilian reales. 

 SCHEDULE 7.02 
 EXISTING INDEBTEDNESS 
  

	1.	Loan Agreement, to be entered into between Director of Development of the State of Ohio and PolyOne Corporation, in the amount of approximately $2,250,000.

  

	2.	Guarantee, dated as of April 17, 2008, in the amount of approximately Euro 54, 215. 

 

	 	a.	Guarantor: Royal Bank of Scotland 

  

	 	b.	Beneficiary: Uni-Invest, B.V. 

  

	 	c.	Applicant: ColorMatrix Europe Ltd. 

  

	 	d.	Nature of Underlying Obligations: securing rent payment obligations under the lease agreement between ColorMatrix Europe Ltd. and Uni-Invest, B.V.

  

	3.	Letter of Credit, dated as of April 4, 2007, in the amount of approximately $111,191.04. 

 

	 	a.	Issuing Bank: General Electric Capital Corporation. 

  

	 	b.	Beneficiary: 680 North L.L.C. 

  

	 	c.	Applicant: The ColorMatrix Corporation. 

  

	 	d.	Nature of Underlying Obligations: securing rent payment obligations under the lease agreement between The ColorMatrix Corporation and 680 North L.L.C.

  

	4.	ColorMatrix do Brasil Indústria e Comércio de Pigmentos e Aditivos Ltda. has obtained a Bank Credit, dated August 11, 2011, issued by Itaú
Unibanco S.A. for a revolving credit facility of up to 900,000 Brazilian reales. 

  

	5.	Letter of Credit, dated as of March 6, 2006, in the face amount of CAD 293,688.75. 

 

	 	a.	Issuing Bank: Bank of Montreal. 

  

	 	b.	Beneficiary: Workplace Safety & Insurance Board 

  

	 	c.	Applicant: PolyOne Canada Inc. 

  

	 	d.	Nature of Underlying Obligations: securing obligations relating to Canadian workers compensation. 

 SCHEDULE 7.03 
 EXISTING INVESTMENT 
 Borrower or any Restricted Subsidiary holds an Equity Interest in the
following entities: 
  

							
	Holder	  	Entity Name	  	Percentage of
Ownership	 
	PolyOne Corporation	  	Hansard Steamship Company	  	 	33	% 
	PolyOne Corporation	  	Early Stage	  	 	2	% 
	PolyOne Corporation	  	Kimberly Iron Company, Ltd.	  	 	14	% 
	PolyOne Corporation	  	North Coast	  	 	1	% 
	PolyOne Corporation	  	Paramount Coal Company	  	 	50	% 
	PolyOne Corporation	  	Pilot Knob Pellet Co.	  	 	50	% 
	PolyOne Corporation	  	Syngold	  	 	4.26	% 
	PolyOne Corporation	  	Orangeville-Brampton Rail Access Group Inc.	  	 	12.5	% 
	PolyOne Corporation	  	Altona Properties Pty. Ltd.	  	 	37	% 
	PolyOne Corporation	  	Ohio Innovation	  	 	2	% 
	GEON Development, Inc.	  		  	 	4	% 
	GEON Development, Inc.	  	Cleveland Development	  	 	2	% 
	Hanna Proprietary Limited	  	MAG International	  	 	50	% 
	ColorMatrix Group, Inc.	  	ColorMatrix Europe Ltd.	  	 	16.19	% 

 SCHEDULE 7.05 
 DISPOSITIONS OF CERTAIN REAL PROPERTY 
  

			
	Property Owner	  	Address
	PolyOne Corporation	  	3401 Joint Venture Lane, Louisville, KY
	The Hanna Mining Company
(now known as PolyOne Corporation)	  	 Itasca, MN.
 Parcel ID
Number: 25-020-4401; 25-520-0120.

	PolyOne Corporation	  	7 Guenther Boulevard, St. Peters, MO
	PolyOne Corporation	  	1804-1808 River Road, Burlington, NJ
	PolyOne Corporation	  	 DeForest, WI
 Parcel ID
Number: 118/0910-084-8020-1

	PolyOne Corporation	  	21300 Doral Road, Brookfield, WI
	PolyOne Canada Inc.	  	 Niagara Falls, Ontario, Canada
 Parcel ID Number: Parts 25, 26, 27 and 33, Plan 59R - 10639 - PIN 64262-0005; Part 32, Plan 59R-10639 (was Part 1, Plan 59R-6285)-PIN 640058-0026; Part 23, Plan 59R-10639 (was Part 4, Plan 59R-6285)-PIN
640058-0148

	PolyOne Corporation	  	2700 Papin Street, St. Louis, MO 63103

 SCHEDULE 7.09 
 CERTAIN CONTRACTUAL RESTRICTIONS 
 None. 

 SCHEDULE 10.02 
 ADMINISTRATIVE AGENT’S OFFICE, CERTAIN ADDRESSES FOR NOTICES 
 If to Loan Parties:

 PolyOne Corporation 
 33587 Walker Road 
 Avon Lake, Ohio 44012 

Attn: Treasurer 

Fax No. 440-930-3064 
 with
copies to: PolyOne Corporation 
 33587 Walker Road 
 Avon Lake, Ohio 44012 
 Attn: Secretary 

Fax No. 440-930-3064 
 If
to the Administrative Agent: 
 Bank of America, N.A. 
 Attn.: DeWayne Rosse, Officer, Agency Management Officer 
 Global Corporate and
Commercial Banking Client Service 
 901 Main St. 
 Dallas, TX 75202 
 Mail Code: TX1-492-14-11 

Fax: (214) 672-8623 
 - and – 
 Bank of America, N.A. 

Attn.: Kellyn McLamb 
 101 N Tryon Street 
 Charlotte, NC 28255 

NC1-001-04-39. 

Facsimile: (704) 409-0486EX-10.2

 Exhibit 10.2 

[Execution Copy] 
  

 
  

CREDIT AGREEMENT 
 by and among 
 POLYONE CORPORATION 

as US Borrower 
 POLYONE CANADA INC. 
 as Canadian Borrower 

THE OTHER LOAN PARTIES HERETO 
 THE LENDERS THAT ARE SIGNATORIES HERETO 
 as Lenders 

WELLS FARGO CAPITAL FINANCE, LLC 
 as Administrative and Collateral Agent 
 BANK OF AMERICA, N.A.

 U.S. BANK NATIONAL ASSOCIATION 
 as Syndication Agents 
 PNC BANK, NATIONAL ASSOCIATION 

KEYBANK NATIONAL ASSOCIATION 
 as Documentation Agents 
 and 

WELLS FARGO CAPITAL FINANCE, LLC 
 MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED 
 as Joint
Lead Arrangers and Bookrunners 
 Dated as of December 21, 2011 

 
  

 

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
		
	 1. DEFINITIONS AND CONSTRUCTION
	  	 	1	  
		
	 1.1 Definitions
	  	 	1	  
	 1.2 Accounting Terms
	  	 	1	  
	 1.3 Code
	  	 	2	  
	 1.4 Construction
	  	 	2	  
	 1.5 Time References
	  	 	3	  
	 1.6 Schedules and Exhibits
	  	 	3	  
		
	 2. LOANS AND TERMS OF PAYMENT
	  	 	3	  
		
	 2.1 Revolving Loans
	  	 	3	  
	 2.2 Borrowing Procedures and Settlements
	  	 	6	  
	 2.3 Payments; Reductions of Commitments; Prepayments
	  	 	12	  
	 2.4 Interest Rates: Rates, Payments, and Calculations
	  	 	17	  
	 2.5 Crediting Payments
	  	 	18	  
	 2.6 Designated Account
	  	 	18	  
	 2.7 Maintenance of Loan Account; Statements of Obligations
	  	 	19	  
	 2.8 Fees
	  	 	19	  
	 2.9 Letters of Credit
	  	 	19	  
	 2.10 LIBOR Option
	  	 	25	  
	 2.11 Capital Requirements
	  	 	27	  
	 2.12 Increase in US Maximum Credit or Canadian Maximum Credit
	  	 	28	  
	 2.13 Defaulting Lenders
	  	 	30	  
	 2.14 Joint and Several Liability of Borrowers
	  	 	33	  
	 2.15 BA Rate Option
	  	 	35	  
		
	 3. CONDITIONS; TERM OF AGREEMENT
	  	 	37	  
		
	 3.1 Conditions Precedent to the Initial Extension of Credit
	  	 	37	  
	 3.2 Conditions Precedent to all Extensions of Credit
	  	 	37	  
	 3.3 Maturity
	  	 	38	  
	 3.4 Effect of Maturity
	  	 	38	  
	 3.5 Early Termination by Borrowers
	  	 	38	  
	 3.6 Certain Funds
	  	 	38	  
		
	 4. REPRESENTATIONS AND WARRANTIES
	  	 	38	  
		
	 4.1 Due Organization and Qualification; Subsidiaries
	  	 	39	  
	 4.2 Due Authorization; No Conflict
	  	 	39	  
	 4.3 Governmental Authorization; Other Consents
	  	 	39	  
	 4.4 Binding Obligations; Perfected Liens
	  	 	40	  
	 4.5 Title to Assets; No Encumbrances
	  	 	40	  
	 4.6 Jurisdiction of Organization; Location of Chief Executive Office; Organizational Identification Number
	  	 	40	  
	 4.7 Litigation
	  	 	41	  
	 4.8 Compliance with Laws
	  	 	41	  

  

					
	 4.9 Financial Statements; No Material Adverse Effect
	  	 	41	  
	 4.10 Solvency
	  	 	42	  
	 4.11 Employee Benefits
	  	 	42	  
	 4.12 Environmental Condition
	  	 	43	  
	 4.13 Reserved
	  	 	43	  
	 4.14 Reserved
	  	 	43	  
	 4.15 Reserved
	  	 	43	  
	 4.16 Complete Disclosure
	  	 	43	  
	 4.17 Material Contracts
	  	 	44	  
	 4.18 Patriot Act
	  	 	44	  
	 4.19 Reserved
	  	 	44	  
	 4.20 Taxes
	  	 	44	  
	 4.21 Margin Stock
	  	 	44	  
	 4.22 Investment Company Act
	  	 	45	  
	 4.23 OFAC
	  	 	45	  
	 4.24 Employee and Labor Matters
	  	 	45	  
	 4.25 ColorMatrix Acquisition
	  	 	45	  
	 4.26 Eligible Accounts
	  	 	45	  
	 4.27 Eligible Inventory
	  	 	46	  
	 4.28 Locations of Inventory and Equipment
	  	 	46	  
	 4.29 Inventory Records
	  	 	46	  
	 4.30 No Default
	  	 	46	  
	 4.31 Insurance
	  	 	46	  
	 4.32 Common Enterprise
	  	 	46	  
		
	 5. AFFIRMATIVE COVENANTS
	  	 	46	  
		
	 5.1 Financial Statements, Reports, Certificates
	  	 	46	  
	 5.2 Collateral Reporting
	  	 	47	  
	 5.3 Existence
	  	 	48	  
	 5.4 Maintenance of Properties
	  	 	48	  
	 5.5 Taxes
	  	 	48	  
	 5.6 Insurance
	  	 	48	  
	 5.7 Inspection, Field Examinations, and Appraisals
	  	 	49	  
	 5.8 Compliance with Laws
	  	 	49	  
	 5.9 Environmental
	  	 	50	  
	 5.10 Reserved
	  	 	50	  
	 5.11 Further Assurances
	  	 	50	  
	 5.12 Reserved
	  	 	51	  
	 5.13 Location of Inventory and Equipment
	  	 	51	  
	 5.14 Applications under Insolvency Statutes
	  	 	52	  
		
	 6. NEGATIVE COVENANTS
	  	 	52	  
		
	 6.1 Indebtedness
	  	 	52	  
	 6.2 Liens
	  	 	52	  
	 6.3 Restrictions on Fundamental Changes
	  	 	52	  
	 6.4 Disposal of Assets
	  	 	53	  
	 6.5 Nature of Business
	  	 	53	  
	 6.6 Certain Payments of Debt and Amendments
	  	 	53	  
	 6.7 Burdensome Agreements
	  	 	56	  
	 6.8 Restricted Payments
	  	 	56	  
	 6.9 Accounting Methods
	  	 	58	  

  

					
	 6.10 Investments; Controlled Investments
	  	 	58	  
	 6.11 Transactions with Affiliates
	  	 	58	  
	 6.12 Use of Proceeds
	  	 	58	  
	 6.13 Specified Canadian Pension Plans
	  	 	59	  
	 6.14 Designation of Senior Debt
	  	 	59	  
	 6.15 2020 Notes
	  	 	59	  
		
	 7. FINANCIAL COVENANTS
	  	 	59	  
		
	 7.1 Fixed Charge Coverage Ratio
	  	 	59	  
	 7.2 Capital Expenditures
	  	 	59	  
		
	 8. EVENTS OF DEFAULT
	  	 	60	  
		
	 8.1 Non-Payment
	  	 	60	  
	 8.2 Specific Covenants
	  	 	60	  
	 8.3 Other Defaults
	  	 	60	  
	 8.4 Representations and Warranties
	  	 	60	  
	 8.5 Cross-Default
	  	 	60	  
	 8.6 Insolvency Proceedings, Etc.
	  	 	61	  
	 8.7 Inability to Pay Debts; Attachment
	  	 	61	  
	 8.8 Judgments
	  	 	61	  
	 8.9 ERISA
	  	 	61	  
	 8.10 Invalidity of Loan Documents
	  	 	62	  
	 8.11 Change of Control
	  	 	62	  
	 8.12 Collateral Documents
	  	 	62	  
	 8.13 Forfeiture of Collateral
	  	 	62	  
		
	 9. RIGHTS AND REMEDIES
	  	 	62	  
		
	 9.1 Rights and Remedies
	  	 	62	  
	 9.2 Remedies Cumulative
	  	 	63	  
	 9.3 Appointment of a Receiver
	  	 	64	  
	 9.4 Collection Allocation Mechanism
	  	 	64	  
		
	 10. WAIVERS; INDEMNIFICATION
	  	 	65	  
		
	 10.1 Demand; Protest; etc.
	  	 	65	  
	 10.2 The Lender Group’s Liability for Collateral
	  	 	65	  
	 10.3 Indemnification
	  	 	65	  
		
	 11. NOTICES
	  	 	66	  
		
	 12. CHOICE OF LAW AND VENUE; JURY TRIAL WAIVER
	  	 	67	  
		
	 13. ASSIGNMENTS AND PARTICIPATIONS; SUCCESSORS
	  	 	68	  
		
	 13.1 Assignments and Participations
	  	 	68	  
	 13.2 Successors
	  	 	71	  
		
	 14. AMENDMENTS; WAIVERS
	  	 	71	  

  

					
	 14.1 Amendments and Waivers
	  	 	71	  
	 14.2 Replacement of Certain Lenders
	  	 	73	  
	 14.3 No Waivers; Cumulative Remedies
	  	 	73	  
		
	 15. AGENT; THE LENDER GROUP
	  	 	74	  
		
	 15.1 Appointment and Authorization of Agent
	  	 	74	  
	 15.2 Delegation of Duties
	  	 	75	  
	 15.3 Liability of Agent
	  	 	75	  
	 15.4 Reliance by Agent
	  	 	75	  
	 15.5 Notice of Default or Event of Default
	  	 	75	  
	 15.6 Credit Decision
	  	 	76	  
	 15.7 Costs and Expenses; Indemnification
	  	 	76	  
	 15.8 Agent in Individual Capacity
	  	 	77	  
	 15.9 Successor Agent
	  	 	77	  
	 15.10 Lender in Individual Capacity
	  	 	78	  
	 15.11 Collateral Matters
	  	 	78	  
	 15.12 Restrictions on Actions by Lenders; Sharing of Payments
	  	 	79	  
	 15.13 Agency for Perfection
	  	 	80	  
	 15.14 Payments by Agent to the Lenders
	  	 	80	  
	 15.15 Concerning the Collateral and Related Loan Documents
	  	 	80	  
	 15.16 Field Examination Reports; Confidentiality; Disclaimers by Lenders; Other Reports and Information
	  	 	80	  
	 15.17 Agent May File Proofs of Claim
	  	 	81	  
	 15.18 Several Obligations; No Liability
	  	 	82	  
	 15.19 Appointment for the Province of Québec
	  	 	82	  
	 15.20 Authorization
	  	 	83	  
		
	 16. WITHHOLDING TAXES
	  	 	83	  
		
	 16.1 No Setoff; Payments
	  	 	84	  
	 16.2 Exemptions
	  	 	84	  
	 16.3 Reductions
	  	 	85	  
	 16.4 Refunds
	  	 	86	  
		
	 17. GENERAL PROVISIONS
	  	 	86	  
		
	 17.1 Effectiveness
	  	 	86	  
	 17.2 Section Headings
	  	 	86	  
	 17.3 Interpretation
	  	 	86	  
	 17.4 Severability of Provisions
	  	 	86	  
	 17.5 Bank Product Providers
	  	 	86	  
	 17.6 Debtor-Creditor Relationship
	  	 	87	  
	 17.7 Counterparts; Electronic Execution
	  	 	87	  
	 17.8 Revival and Reinstatement of Obligations
	  	 	87	  
	 17.9 Confidentiality
	  	 	88	  
	 17.10 Lender Group Expenses
	  	 	89	  
	 17.11 Survival
	  	 	89	  
	 17.12 Patriot Act
	  	 	89	  
	 17.13 Integration
	  	 	89	  
	 17.14 Administrative Borrower as Agent for Borrowers
	  	 	89	  
	 17.15 Currency Indemnity
	  	 	90	  
	 17.16 Anti-Money Laundering Legislation
	  	 	91	  

  

					
	 17.17 Quebec Interpretation
	  	 	91	  
	 17.18 English Language Only
	  	 	92	  

 EXHIBITS AND SCHEDULES 
  

			
	Exhibit A-1	 	Form of Assignment and Acceptance
		
	Exhibit B-1	 	Form of US Borrowing Base Certificate
		
	Exhibit B-2	 	Form of Bank Product Provider Agreement
		
	Exhibit B-3	 	Form of Canadian Borrowing Base Certificate
		
	Exhibit C-1	 	Form of Compliance Certificate
		
	Exhibit L-1	 	Form of LIBOR Notice
		
	Exhibit L-2	 	Form of BA Rate Notice
		
	Schedule A-1	 	Agent’s Account
		
	Schedule A-2	 	Agent’s Canadian Account
		
	Schedule A-3	 	Authorized Persons
		
	Schedule C-1	 	Commitments
		
	Schedule C-2	 	Remediation Properties
		
	Schedule D-1	 	Designated Account
		
	Schedule E-1	 	Existing Letters of Credit
		
	Schedule I-1	 	Immaterial Subsidiaries
		
	Schedule M-1	 	Mortgaged Real Property
		
	Schedule P-1	 	Permitted Dispositions
		
	Schedule P-2	 	Permitted Indebtedness
		
	Schedule P-3	 	Permitted Investments
		
	Schedule P-4	 	Permitted Liens
		
	Schedule 1.1	 	Definitions
		
	Schedule 3.1	 	Conditions Precedent
		
	Schedule 4.1	 	Capitalization of Borrowers and Borrowers’ Subsidiaries
		
	Schedule 4.5(c)	 	Real Property
		
	Schedule 4.5(d)	 	Leases
		
	Schedule 4.6(a)	 	States of Organization

  

			
	Schedule 4.6(b)	 	Chief Executive Offices
		
	Schedule 4.6(c)	 	Organizational Identification Numbers
		
	Schedule 4.11	 	Benefit Plans
		
	Schedule 4.12	 	Environmental Matters
		
	Schedule 4.17	 	Material Contracts
		
	Schedule 4.28(a)	 	Third Party Locations
		
	Schedule 4.28(b)	 	Locations of Inventory and Equipment
		
	Schedule 5.1	 	Financial Statements, Reports, Certificates
		
	Schedule 5.2	 	Collateral Reporting
		
	Schedule 5.16	 	Post-Closing Deliveries
		
	Schedule 6.7	 	Certain Contractual Restrictions

 CREDIT AGREEMENT 

THIS CREDIT AGREEMENT (this “Agreement”), is entered into as of December 21, 2011, by and among the lenders
identified on the signature pages hereof (each of such lenders, together with their respective successors and permitted assigns, are referred to hereinafter as a “Lender”, as that term is hereinafter further defined), Wells Fargo
Capital Finance, LLC, a Delaware limited liability company, as agent for the Lenders (in such capacity, together with its successors and assigns in such capacity, “Agent”), PolyOne Corporation, an Ohio corporation
(“Parent”), and the subsidiaries of Parent organized under the laws of a jurisdiction in the United States party hereto as borrowers (together with Parent, and certain other subsidiaries of Parent organized under the laws of a
jurisdiction in the United States that may become party hereto after the date hereof, each individually a “US Borrower” and collectively, “US Borrowers” as hereinafter further defined), PolyOne Canada Inc., a
federally incorporated Canadian corporation (“PolyOne Canada”, and together with certain other subsidiaries of Parent organized under the laws of a jurisdiction in Canada that may become party hereto after the date hereof, each
individually a “Canadian Borrower” and collectively, “Canadian Borrowers” as hereinafter further defined and, together with US Borrowers, each individually a “Borrower” and collectively,
“Borrowers”), the subsidiaries of Parent organized under the laws of a jurisdiction in the United States party hereto as guarantors (each individually a “US Guarantor” and collectively, “US
Guarantors” as hereinafter further defined), those subsidiaries of Parent organized under the laws of a jurisdiction in Canada that may become party hereto as guarantors after the date hereof (each individually a “Canadian
Guarantor” and collectively, “Canadian Guarantors” as hereinafter further defined, and together with US Guarantors, each individually a “Guarantor” and collectively, “Guarantors” as
hereinafter further defined), Bank of America, N.A. and U.S. Bank National Association, each as Syndication Agents, KeyBank National Association and PNC Bank, National Association, each as Documentation Agents and Wells Fargo Capital Finance, LLC
and Merrill Lynch, Pierce, Fenner & Smith Incorporated, in their respective capacities as Joint Lead Arrangers and Joint Bookrunners. 
 The parties agree as follows: 
 1. DEFINITIONS AND CONSTRUCTION. 

1.1 Definitions. Capitalized terms used in this Agreement shall have the meanings specified therefor on Schedule
1.1. 
 1.2 Accounting Terms. Any accounting term used in this Agreement shall have, unless otherwise
specifically provided herein, the meaning customarily given in accordance with GAAP, and all financial computations hereunder shall be computed unless otherwise specifically provided herein, in accordance with GAAP as consistently applied and using
the same method for inventory valuation as used in the preparation of the financial statements of Parent most recently received by Agent prior to the date hereof; provided, that, in the event of any change in GAAP after the date hereof
that affects the covenants in Section 7 hereof, Administrative Borrower may by notice to Agent, or Agent may, and at the request of Required Lenders shall, by notice to Administrative Borrower request that Agent and the Administrative
Borrower negotiate in good faith to amend such ratio or requirement to preserve the original intent thereof in light of such change in GAAP (subject to the approval of the Required Lenders); provided, that, until so amended,
(a) such ratio or requirement shall continue to be computed in accordance with GAAP prior to such change therein and (b) Administrative Borrower shall provide to Agent and Lenders financial statements and other documents required under
this Agreement or as reasonably requested hereunder setting forth a reconciliation between calculations of such ratio or requirement made before and after giving effect to such change in GAAP. No consent or amendment fee shall be required to be paid
to any Lender in connection with an amendment contemplated by this Section 1.2. Notwithstanding anything to the contrary contained in GAAP or any interpretations or other 

  
 1 

 
pronouncements by the Financial Accounting Standards Board or otherwise, the term “unqualified opinion” as used herein to refer to opinions or reports provided by accountants shall mean
an opinion or report that is unqualified and also does not include any explanation, supplemental comment or other comment concerning the ability of the applicable person to continue as a going concern or the scope of the audit. When used herein, the
term “financial statements” shall include the notes and schedules thereto. Whenever the term “Parent” or “Borrowers” is used in respect of a financial covenant or a related definition, it shall be understood to mean
Parent or Borrowers and their Restricted Subsidiaries on a consolidated basis, unless the context clearly requires otherwise. For purposes of calculations pursuant to the terms of this Agreement, GAAP will be deemed to treat operating leases in a
manner consistent with the current treatment under GAAP as in effect on the Closing Date, notwithstanding any modification or interpretive changes thereto that may occur hereafter. 

1.3 Code. Any terms used in this Agreement that are defined in the Code shall be construed and defined as set forth in the
Code unless otherwise defined herein and any terms used in this Agreement that are defined in the PPSA and relating to Collateral consisting of assets of the Canadian Loan Parties shall be construed and defined as set forth in the PPSA unless
otherwise defined herein; provided, that, to the extent that the Code is used to define any term herein and such term is defined differently in different Articles of the Code, the definition of such term contained in Article 9 of the
Code shall govern. 
 1.4 Construction. Unless the context of this Agreement or any other Loan Document clearly
requires otherwise, references to the plural include the singular, references to the singular include the plural, the terms “includes” and “including” are not limiting, and the term “or” has, except where otherwise
indicated, the inclusive meaning represented by the phrase “and/or.” The words “hereof,” “herein,” “hereby,” “hereunder,” and similar terms in this Agreement or any other Loan Document refer to this
Agreement or such other Loan Document, as the case may be, as a whole and not to any particular provision of this Agreement or such other Loan Document, as the case may be. Section, subsection, clause, schedule, and exhibit references herein are to
this Agreement unless otherwise specified. Any reference in this Agreement or in any other Loan Document to any agreement, instrument, or document shall include all alterations, amendments, changes, extensions, modifications, renewals, replacements,
substitutions, joinders, and supplements, thereto and thereof, as applicable (subject to any restrictions on such alterations, amendments, changes, extensions, modifications, renewals, replacements, substitutions, joinders, and supplements set forth
herein). The words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties. Any reference herein to any Person shall be construed to
include such Person’s successors and assigns. Any reference herein to “province” or like terms shall be construed to include “territory” and like terms. Any requirement of a writing contained herein or in any other Loan
Document shall be satisfied by the transmission of a Record. An Event of Default shall exist or continue or be continuing until such Event of Default is waived in accordance with Section 14.1 or is cured if such Event of Default is
capable of being cured. Any reference herein or in any other Loan Document to the satisfaction, repayment, or payment in full of the Obligations shall mean (a) the repayment in full in cash or immediately available funds of all of the
Obligations (including the payment of any Lender Group Expenses that have accrued regardless of whether demand has been made therefor), excluding in any case the Obligations described in the following clause (b) of this Section 1.4, and
(b) in the case of (i) contingent reimbursement obligations with respect to Letters of Credit, the receipt by Agent of the Letter of Credit Collateralization, (ii) Bank Products other than Hedge Obligations, the receipt by Agent of
the Bank Product Collateralization, (iii) checks or other payments provisionally credited to the Obligations and for which Agent or any Lender has not received final payment, the receipt by Agent of cash collateral to secure such amounts
(unless Agent shall have received a satisfactory indemnity with respect thereto from another financial institution), (iv) Hedge Obligations, the receipt by Agent of cash collateral to secure such amounts (or, at the option of Agent or the Hedge
Provider with respect to such Hedge Agreements, the termination of the applicable Hedge Agreement and the payment in full in cash of the Obligations due and 

  
 2 

 
payable in connection with such termination), and (v) other contingent Obligations for which a claim or demand for payment has been made at such time to Agent or any Lender for which Agent
or such Lender is entitled to indemnification by any Loan Party, the receipt by Agent of cash collateral to secure such amounts. Unless the context of this Agreement or any other Loan Document clearly requires otherwise or Agent otherwise
determines, amounts expressed in US Dollars at any time when used with respect to Foreign Subsidiaries or similar matters shall be deemed to mean the US Dollar Equivalent of such amounts at such time. 

1.5 Time References. Unless otherwise indicated herein, all references to time of day refer to Eastern Standard Time or
Eastern daylight saving time, as in effect in New York City on such day. For purposes of the computation of a period of time from a specified date to a later specified date, the word “from” means “from and including” and the
words “to” and “until” each means “to and including”; provided, that, with respect to a computation of fees or interest payable to Agent or any Lender, such period shall include the first day, but not the
last day of it so long as payment thereof is received prior to the time specified in Section 2.5, but in any event shall consist of at least one full day. 
 1.6 Schedules and Exhibits. All of the schedules and exhibits attached to this Agreement shall be deemed incorporated herein by reference. 

2. LOANS AND TERMS OF PAYMENT. 
 2.1 Revolving Loans. 
 (a) Subject to the terms and
conditions of this Agreement, and during the term of this Agreement, each US Lender agrees (severally, not jointly or jointly and severally) to make revolving loans (“US Revolving Loans”) to US Borrowers which in the aggregate any
time outstanding shall not exceed the lesser of: 
 (i) such US Lender’s Commitment, or 

(ii) such US Lender’s Pro Rata Share of an amount equal to the lesser of: 

(A) the amount equal to (1) the US Maximum Credit less (2) the sum of the US Letter of Credit Usage at such
time, plus the principal amount of US Swing Loans outstanding at such time, and 
 (B) the amount equal to
(1) the US Borrowing Base at such time less (2) the sum of the US Letter of Credit Usage at such time, plus the principal amount of US Swing Loans outstanding at such time. 
 Each US Revolving Loan shall be a US Dollar Denominated Loan, and shall be either a Base Rate Loan or a LIBOR Rate Loan. 

(b) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, each Canadian Lender
with a Canadian Commitment agrees (severally, not jointly or jointly and severally) to make revolving loans (“Canadian Revolving Loans”) to Canadian Borrowers which in the aggregate any time outstanding shall not exceed the lesser
of: 
 (i) such Canadian Lender’s Canadian Commitment, or 

(ii) such Canadian Lender’s Pro Rata Share of an amount equal to the lesser of: 

  
 3 

 (A) the amount equal to (1) the Canadian Maximum Credit less
(2) the Canadian Letter of Credit Usage at such time, plus the principal amount of Canadian Swing Loans outstanding at such time, and 
 (B) the amount equal to (1) the Canadian Borrowing Base at such time less (2) the Canadian Letter of Credit Usage at such time, plus the principal amount of Canadian Swing Loans outstanding at
such time. 
 Each Canadian Revolving Loan shall be either a US Dollar Denominated Loan (which shall be either a Base Rate Loan or a LIBOR Rate
Loan) or a Canadian Dollar Denominated Loan (which shall be either a Base Rate Loan or a BA Rate Loan). 
 (c)
Anything to the contrary in this Section 2.1 or otherwise notwithstanding, the aggregate principal amount of all Revolving Loans (including Swing Loans, Protective Advances and Overadvances) plus the Letter of Credit Usage outstanding at
any time shall not exceed the Existing Note Secured Debt Limit. Agent may at any time and from time to time require that an Authorized Person execute and deliver to Agent a certificate, in form and substance reasonably satisfactory to Agent,
representing the amount of the Existing Note Secured Debt Limit at such time and that the aggregate principal amount of all Revolving Loans (including Swing Loans, Protective Advances and Overadvances) plus the Letter of Credit Usage outstanding at
such time (and after giving effect to any of the foregoing that have been requested) does not and will not exceed such Existing Note Secured Debt Limit. 
 (d) Amounts borrowed pursuant to this Section 2.1 may be repaid and, subject to the terms and conditions of this Agreement, reborrowed at any time during the term of this Agreement. The
outstanding principal amount of the Revolving Loans, together with interest accrued thereon, shall be due and payable on the Maturity Date or, if earlier, on the date on which they are declared due and payable pursuant to the terms of this
Agreement. 
 (e) Anything to the contrary in this Section 2.1 notwithstanding, Agent shall have the
right (but not the obligation), in its Permitted Discretion, to establish, increase, reduce, eliminate, or otherwise adjust reserves (without duplication) from time to time against the US Borrowing Base or the Canadian Borrowing Base in such
amounts, and with respect to such matters, as Agent in its Permitted Discretion shall deem necessary, including (i) reserves in an amount equal to the Bank Product Reserve Amount, (ii) reserves in an amount equal to the 2015 Note Reserve
Amount, (iii) reserves in an amount equal to the Series G Guarantee Reserve Amount and (iv) reserves with respect to (A) sums that Parent or its Subsidiaries are required to pay under this Agreement or any other Loan Document (such as
taxes, assessments, insurance premiums, or, in the case of leased assets, rents or other amounts payable under such leases) and has failed to pay when due, and (B) amounts owing by Parent or its Subsidiaries to any Person to the extent secured
by a Lien on, or trust over, any of the Revolving Loan Priority Collateral (other than a Permitted Lien under clause (m) of the definition of such term), which Lien or trust, in the Permitted Discretion of Agent likely would be pari
passu with, or have a priority superior to, Agent’s Liens (such as Priority Payables or Liens or trusts in favor of landlords, warehousemen, carriers, mechanics, materialmen, laborers, or suppliers, or Liens or trusts for ad valorem,
excise, sales, or other taxes that may be pari passu or given priority under applicable law) in and to such item of the Revolving Loan Priority Collateral. To the extent that an event, condition or matter as to any Eligible Accounts or Eligible
Inventory is addressed pursuant to the treatment thereof within the applicable definition of such terms, Agent shall not also establish a reserve to address the same event, condition or matter. The amount of any reserve established by Agent shall
have a reasonable relationship to the event, condition or other matter which is the basis for such reserve as determined by Agent in its Permitted Discretion and to the extent that such reserve is in respect of amounts that may be payable to third
parties Agent may, at its 

  
 4 

 
option (without duplication), deduct such reserve from the US Maximum Credit or the Canadian Maximum Credit in the event that the US Borrowing Base or Canadian Borrowing Base exceeds the
applicable amount. Agent will provide notice to Administrative Borrower three (3) Business Days’ prior to the establishment of any new categories of reserves after the date hereof or any change in the methodology for the calculation of an
existing reserve after the date hereof, except that such notice shall not be required (i) at any time there is a Cash Dominion Event or, if in the good faith determination of Agent, it is necessary to act sooner to preserve or protect the
Collateral or its value or the rights of Agent therein or to otherwise address any event, condition or circumstance that, in the good faith judgment of the Agent, is reasonably likely to cause a diminution in the value of the Collateral or to
threaten the ability to realize upon any portion of the Collateral or (ii) if after giving effect to any such new category of reserves or change in methodology there would be an Overadvance. Upon receipt of such notice, Administrative Borrower
may take such action as may be required so that the event, condition, or matter that is the basis for the reserve no longer exists. At any time that the event, condition or circumstance that is the basis for the reserve ceases to exist or is
otherwise addressed to the satisfaction of Agent, then the applicable reserve will be terminated, including in the case of the 2015 Note Reserve Amount if Agent shall have received evidence, in form and substance reasonably satisfactory to it, that
the 2015 Note Obligations are paid and satisfied in full in cash or that the 2015 Note Obligations are no longer entitled to the benefit of the Lien of Agent. 
 (f) Without limiting the generality of the foregoing, reserves may be established to reflect any of the following: (i) inventory shrinkage, (ii) markdowns and cost variances (pursuant to
discrepancies between the purchase order price of Inventory and the actual cost thereof), (iii) returns, discounts, claims, credits and allowances of any nature that are not paid pursuant to the reduction of Accounts, (iv) any rental
payments, service charges or other amounts due or to become due to owners or lessors of real property to the extent Inventory or Records are located in or on such property or in the possession or control of such parties or such Records are needed to
monitor or otherwise deal with the Collateral (other than for locations where Agent has received a Collateral Access Agreement executed and delivered by the owner and lessor of such real property that Agent has acknowledged in writing is in form and
substance satisfactory to Agent), provided, that, the reserves established pursuant to this clause (iv) as to leased locations shall not exceed at any time the aggregate of amounts payable for the next three (3) months to the
lessors of such locations, except that such limitation on the amount of the Reserves shall not apply at any time that an Event of Default shall exist or have occurred and be continuing, or at any time there is any event of default under the lease by
Parent or any Subsidiary of Parent with respect to such location or a notice thereof has been sent or received by or on behalf of any Loan Party, (v) any rental payments, service charges or other amounts due or to become due to lessors of
personal property; (vi) an increase in the number of days of the turnover of Inventory or a change in the mix of the Inventory that results in an overall decrease in the value thereof or a deterioration in its nature or quality (but only to the
extent not addressed by the lending formulas in a manner satisfactory to Agent), (vii) variances between the perpetual inventory records of Borrowers and the results of the test counts of Inventory conducted by Agent with respect thereto in
excess of the percentage reasonably acceptable to Agent in its Permitted Discretion, (viii) dilution with respect to Accounts (based on the ratio of the aggregate amount of non-cash reductions in Accounts for any period to the aggregate dollar
amount of the sales of such Borrower for such period) as calculated by Agent for any period is or is reasonably anticipated to be greater than five percent (5%), (ix) in the event that at any time the aggregate principal amount of all Revolving
Loans (including Swing Loans, Protective Advances and Overadvances) plus the Letter of Credit Usage outstanding are more than ten percent (10%) less than the Existing Note Secured Debt Limit, amounts to permit additional Revolving Loans
(including Swing Loans, Protective Advances and Overadvances) as may be requested or required so as to avoid exceeding the Existing Note Secured Debt Limit. Except as otherwise specifically provided in this clause (f), any change to the amount of
any reserves described above shall be based on changes in the event, condition or circumstance that is basis for such reserves after the date hereof. 

  
 5 

 (g) Upon the written request of Administrative Borrowers after the date
hereof, such Persons that own Accounts and Inventory may be deemed to be US Borrowers hereunder subject to the completion by Agent of a field examination with respect to the business of such Persons (including as to Accounts and Inventory) in
accordance with Agent’s customary procedures and practices, the scope of which shall be satisfactory to Agent in its Permitted Discretion and any Accounts or Inventory of such Persons shall only be Eligible Accounts or Eligible Inventory to the
extent that Agent has so completed such field examination with respect thereto and as to Inventory has received a satisfactory appraisal (and completed customary legal due diligence with respect to such Accounts and Inventory with results
satisfactory to Agent) and the criteria for Eligible Accounts and Eligible Inventory set forth herein are satisfied with respect thereto in accordance with this Agreement (or such other or additional criteria as Agent may, at its option, establish
with respect thereto in accordance with the definitions of Eligible Accounts or Eligible Inventory, as applicable, and subject to such reserves as Agent may establish in connection therewith in accordance with Sections 2.1(e) and
2.1(f)). 
 2.2 Borrowing Procedures and Settlements. 

(a) Requests for Revolving Borrowing. To request a Revolving Loan or Swing Loan, the applicable Borrower (or
Administrative Borrower on behalf of such Borrower) shall notify Agent of such request by telephone (a) in the case of a LIBOR Rate Loan or a BA Rate Loan, not later than 1:00 p.m., three (3) Business Days before the date of the proposed
LIBOR Rate Loan or a BA Rate Loan or (b) in the case of a Base Rate Loan (including a Swing Loan), not later than 1:00 p.m. on the same Business Day as the date of the proposed Base Rate Loan to be made in US Dollars and not later than 1:00
p.m. on the Business Day before the date of the proposed Base Rate Loan to be made in Canadian Dollars. Each such telephonic request shall be irrevocable and to the extent required by Agent, shall be confirmed promptly by hand delivery or facsimile
to Agent of a written request in a form approved by Agent and signed by or on behalf of Borrowers. Each such telephonic and written request shall specify the following information: 

(i) the Borrower requesting such Revolving Loan or Swing Loan; 

(ii) whether such Loan is a Revolving Loan or Swing Loan; 

(iii) the aggregate amount of such Revolving Loan or Swing Loan; 

(iv) the date of such Revolving Loan or Swing Loan, which shall be a Business Day; 

(v) whether such Revolving Loan or Swing Loan is to be a Base Rate Loan, a BA Rate Loan or a LIBOR Rate Loan; 

(vi) in the case of a LIBOR Rate Loan or a BA Rate Loan, the initial Interest Period to be applicable thereto, which shall
be a period contemplated by the definition of the term “Interest Period”; and 
 (vii) in the case of
each Canadian Revolving Loan, whether such Canadian Revolving Loan is to be a US Dollar Denominated Loan or a Canadian Dollar Denominated Loan. 
 If no election as to whether a Revolving Loan is to be a BA Rate Loan or LIBOR Rate Loan is specified in the applicable request, then the requested Revolving Loan shall be a Base Rate Loan. If no Interest
Period is specified with respect to any request for a LIBOR Rate Loan or a BA Rate Loan, then the applicable Borrower shall be deemed to have selected an Interest Period of one month’s duration. Promptly following receipt of a request for a
Revolving Loan in accordance with this Section, Agent shall 

  
 6 

 
advise each applicable Lender of the details thereof and of the amount of such Lender’s Revolving Loan to be made as part of the request. All Loans and Letters of Credit under this Agreement
shall be conclusively presumed to have been made to, and at the request of and for the benefit of, any Borrower or Guarantor when deposited to the credit of any Borrower or Guarantor or otherwise disbursed or established in accordance with the
instructions of any Borrower or Guarantor or in accordance with the terms and conditions of this Agreement. 

(b) Making of Swing Loans. 
 (i) Making of US Swing Loans. Subject to the terms and conditions contained herein, the Swing Lender agrees that it will make a US Revolving Loan (any such US Revolving Loan made solely by Swing
Lender pursuant to this Section 2.2 (b)(i) being referred to as a “US Swing Loan”) to US Borrowers from time to time in amounts requested by any US Borrower (or Administrative Borrower on behalf of US Borrowers) up to
the aggregate amount outstanding equal to the US Swing Loan Limit, provided, that, after giving effect to any such US Swing Loan, the aggregate principal amount of the US Revolving Loans, US Swing Loans and US Letter of Credit Usage
outstanding at any time shall not exceed the lesser of the US Borrowing Base at such time or US Maximum Credit at such time. Each US Swing Loan shall be deemed to be a US Revolving Loan hereunder and shall be subject to all the terms and conditions
(including Section 3) applicable to other US Revolving Loans, except that all payments on any Swing Loan shall be payable to Swing Lender solely for its own account. Subject to the provisions of Section 2.3(d)(ii), Swing
Lender shall not make and shall not be obligated to make any US Swing Loan if Swing Lender has actual knowledge that (A) one or more of the applicable conditions precedent set forth in Section 3.1 or 3.2 will not be satisfied
on the requested Funding Date for the applicable Borrowing, or (B) the requested Borrowing would exceed the Availability on such Funding Date. Swing Lender shall not otherwise be required to determine whether the applicable conditions precedent
set forth in Section 3.1 or 3.2 have been satisfied on the Funding Date applicable thereto prior to making any US Swing Loan. The US Swing Loans shall be secured by Agent’s Liens, constitute US Revolving Loans and US
Obligations hereunder, and bear interest at the rate applicable from time to time to Revolving Loans that are Base Rate Loans. Upon the making of a US Swing Loan, without further action by any party hereto, each US Lender shall be deemed to have
irrevocably and unconditionally purchased and received from Swing Line Lender, without recourse or warranty, an undivided interest and participation to the extent of such Lender’s Pro Rata Share in such US Swing Loan. To the extent that there
is no Settlement in accordance with Section 2.3(c) hereof, the applicable Swing Line Lender may at any time, require the applicable US Lenders to fund their participations. From and after the date, if any, on which any US Lender has
funded its participation in any US Swing Loan, Agent shall promptly distribute to such US Lender, not less than weekly, such Lender’s Pro Rata Share of all payments of principal and interest received by Agent in respect of such US Swing Loan.

 (ii) Making of Canadian Swing Loans. Subject to the terms and conditions contained herein, the Swing
Lender agrees that it will make a Canadian Revolving Loan (any such Canadian Revolving Loan made solely by Swing Lender pursuant to this Section 2.2(b)(ii) being referred to as a “Canadian Swing Loan”) to Canadian Borrowers
from time to time in amounts requested by any Canadian Borrower (or Administrative Borrower on behalf of Canadian Borrowers) up to the aggregate amount outstanding equal to the Canadian Swing Loan Limit, provided, that, after giving
effect to any such Canadian Swing Loan, the aggregate principal amount of the Canadian Revolving Loans, Canadian Swing Loans and Canadian Letter of Credit Usage outstanding at any time shall not exceed the lesser of the Canadian Borrowing Base at
such time or Canadian Maximum Credit at such time. Each Canadian Swing Loan shall be deemed to be a Canadian Revolving Loan hereunder and shall be subject to all the terms and conditions (including Section 3) applicable to other Canadian
Revolving Loans, except that all payments on any Swing Loan shall be payable to Swing Lender solely for its own account. Subject to the provisions of Section 2.2(d)(ii), Swing Lender shall not make and shall not be obligated to make any

  
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Canadian Swing Loan if Swing Lender has actual knowledge that (A) one or more of the applicable conditions precedent set forth in Section 3.1 or 3.2 will not be satisfied
on the requested Funding Date for the applicable Borrowing, or (B) the requested Borrowing would exceed the Availability on such Funding Date. Swing Lender shall not otherwise be required to determine whether the applicable conditions precedent
set forth in Section 3.1 or 3.2 have been satisfied on the Funding Date applicable thereto prior to making any Canadian Swing Loan. The Canadian Swing Loans shall be secured by Agent’s Liens, constitute Canadian Revolving
Loans and Canadian Obligations hereunder, and bear interest at the rate applicable from time to time to Revolving Loans that are Base Rate Loans. Upon the making of a Canadian Swing Loan, without further action by any party hereto, each Canadian
Lender shall be deemed to have irrevocably and unconditionally purchased and received from Swing Line Lender, without recourse or warranty, an undivided interest and participation to the extent of such Lender’s Pro Rata Share in such Canadian
Swing Loan. To the extent that there is no Settlement in accordance with Section 2.2(c) hereof, the applicable Swing Line Lender may at any time, require the applicable Canadian Lenders to fund their participations. From and after the
date, if any, on which any Canadian Lender has funded its participation in any Canadian Swing Loan, Agent shall promptly distribute to such Canadian Lender, not less than weekly, such Lender’s Pro Rata Share of all payments of principal and
interest received by Agent in respect of such Canadian Swing Loan. 
 (c) Making of Revolving Loans.

 (i) Promptly after receipt of a request for a Borrowing of a Revolving Loan pursuant to
Section 2.3(a), Agent shall notify the applicable Lenders by telecopy, telephone, or other similar form of transmission, of the requested Borrowing. Each applicable Lender shall make the amount of such Lender’s Pro Rata Share of the
requested Borrowing available to Agent in immediately available funds, to Agent’s Account or Agent’s Canadian Account, as applicable, not later than 2:00 p.m. on the Funding Date applicable thereto. After Agent’s receipt of the
proceeds of such Revolving Loans from the applicable Lenders, Agent shall make the proceeds thereof available to Borrowers on the applicable Funding Date by transferring immediately available funds equal to such proceeds received by Agent to the
Designated Account; provided, that, subject to the provisions of Section 2.2(d)(ii), Agent shall not request any Lender to make any Revolving Loan if it has knowledge that, and no Lender shall have the obligation to make,
any Revolving Loan if (A) one or more of the applicable conditions precedent set forth in Section 3.1 or 3.2 will not be satisfied on the requested Funding Date for the applicable Borrowing unless such condition has been
waived, or (B) the requested Borrowing would exceed the Availability on such Funding Date. 
 (ii) Unless
Agent receives notice from a Lender prior to 9:00 a.m. on the date of a Borrowing, that such Lender will not make available as and when required hereunder to Agent for the account of Borrowers the amount of that Lender’s Pro Rata Share of the
Borrowing, Agent may assume that each Lender has made or will make such amount available to Agent in immediately available funds on the Funding Date and Agent may (but shall not be so required), in reliance upon such assumption, make available to
Borrowers on such date a corresponding amount. If any Lender shall not have made its full amount available to Agent in immediately available funds and if Agent in such circumstances has made available to Borrowers such amount, such Lender shall on
the Business Day following such Funding Date make such amount available to Agent, together with interest at the Defaulting Lender Rate for each day during such period. A notice submitted by Agent to any Lender with respect to amounts owing under
this Section 2.2(c)(ii) shall be conclusive, absent manifest error. If such amount is so made available, such payment to Agent shall constitute such Lender’s Revolving Loan on the date of Borrowing for all purposes of this
Agreement. If such amount is not made available to Agent on the Business Day following the Funding Date, Agent will notify Borrowers of such failure to fund and, upon demand by Agent, Borrowers shall pay such amount to Agent for Agent’s
account, together with interest thereon for 

  
 8 

 
each day elapsed since the date of such Borrowing, at a rate per annum equal to the interest rate applicable at the time to the Revolving Loans composing such Borrowing. 

(d) Protective Advances and Optional Overadvances. 

(i) Any contrary provision of this Agreement or any other Loan Document notwithstanding, but subject to
Section 2.2(d)(iv), Agent hereby is authorized by Borrowers and the Lenders, from time to time in Agent’s sole discretion, to make Revolving Loans to, or for the benefit of, Borrowers on behalf of the Lenders that Agent, in its
Permitted Discretion deems necessary (A) to preserve or protect the Collateral, or any portion thereof, or (B) to enhance the likelihood of repayment of the Obligations (other than the Bank Product Obligations) (any of the Revolving Loans
described in this Section 2.3(d)(i) shall be referred to as “Protective Advances”), at any time (1) after the occurrence and during the continuance of a Default or an Event of Default, or (2) that any of the
other applicable conditions precedent set forth in Section 3.2 are not satisfied. So long as no Event of Default exists or has occurred and is continuing, Agent shall use reasonable efforts to notify Administrative Borrower of the
existence of any Protective Advances on or about the date when made. 
 (ii) Any contrary provision of this
Agreement or any other Loan Document notwithstanding, but subject to Section 2.2(d)(iv), the Lenders hereby authorize Agent or Swing Lender, as applicable, and either Agent or Swing Lender, as applicable, may, but is not obligated to,
knowingly and intentionally, continue to make Revolving Loans (including Swing Loans) to Borrowers notwithstanding that an Overadvance exists or would be created thereby. In any event: (A) if any such Overadvance remains outstanding for more
than thirty (30) days, unless otherwise agreed to by the Required Lenders, Borrowers shall immediately repay Revolving Loans (including Swing Loans, if applicable) in an amount sufficient to eliminate all such Overadvances, provided,
that, in the event that the Overadvance arises as a result of the establishment of a new category of reserves or the change in the methodology of the calculation of an existing reserve, or as a result of the making of a Loan other than at the
request of a Borrower (or Administrative Borrower on behalf of any Borrower), whether a Protective Advance or by charging the Loan Account, Borrowers shall not be required to repay such Overadvance until ten (10) days after notice thereof by
Agent to Administrative Borrower and (B) after the date all such Overadvances have been eliminated, there must be at least five (5) consecutive days without the existence of any such Overadvances before intentional Overadvances are made.
The foregoing provisions relating to making Overadvances are meant for the benefit of the Lenders and Agent and are not meant for the benefit of Borrowers, which shall continue to be bound by the provisions of Section 2.3. Each Lender
with a US Commitment shall be obligated to settle with Agent (or Swing Lender, as applicable) as provided in Section 2.2(e) (or Section 2.13, as applicable) for the amount of such Lender’s Pro Rata Share of any
unintentional Overadvances by Agent (or Swing Lender) to US Borrowers reported to such Lender, any intentional Overadvances to US Borrowers made as permitted under this Section 2.2(d)(ii), and any Overadvances to US Borrowers resulting
from the charging to the US Loan Account of interest, fees, or Lender Group Expenses to the extent permitted by Section 2.4(c). Each Lender with a Canadian Commitment shall be obligated to settle with Agent (or Swing Lender, as applicable) as
provided in Section 2.2(e) (or Section 2.13, as applicable) for the amount of such Lender’s Pro Rata Share of any unintentional Overadvances by Agent (or Swing Lender) to Canadian Borrowers reported to such Lender, any
intentional Overadvances to Canadian Borrowers made as permitted under this Section 2.2(d)(ii), and any Overadvances to Canadian Borrowers resulting from the charging to the Canadian Loan Account of interest, fees, or Lender Group
Expenses to the extent permitted by Section 2.4(c). The Required Lenders may by written notice to Agent revoke the authority of Agent and Swing Lender to make future Overadvances pursuant to this Section 2.2(d) at any time. So long as no
Event of Default exists or has occurred and is continuing, Agent shall use reasonable efforts to notify Administrative Borrower of the existence of any Overadvance on or about the date when made. 

  
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 (iii) Any Protective Advance or Overadvance to Canadian Borrowers may be
made by Agent or by the Canadian Lender which is an Affiliate of Agent. Each Protective Advance and each Overadvance shall be deemed to be a Revolving Loan hereunder, except that no Protective Advance or Overadvance shall be a LIBOR Rate Loan or BA
Rate Loan and, prior to Settlement therefor, all payments on the Protective Advances shall be payable to Agent (or the Canadian Lender which made such Protective Advance) solely for its own account. The Protective Advances and Overadvances shall be
repayable on demand, be secured by Agent’s Liens, constitute Obligations hereunder, and bear interest at the rate applicable from time to time to Revolving Loans that are Base Rate Loans. The ability of Agent to make Protective Advances is
separate and distinct from its ability to make Overadvances and its ability to make Overadvances is separate and distinct from its ability to make Protective Advances. For the avoidance of doubt, the limitations on Agent’s ability to make
Protective Advances do not apply to Overadvances and the limitations on Agent’s ability to make Overadvances do not apply to Protective Advances. The provisions of this Section 2.2(d) relating to making Protective Advances and
Overadvances are for the exclusive benefit of Agent, Swing Lender, and the Lenders and are not intended to benefit Borrowers in any way. 
 (iv) Notwithstanding anything contained in this Agreement or any other Loan Document to the contrary, no Overadvance or Protective Advance may be made by Agent if such Revolving Loan would cause
(A) the aggregate principal amount of Overadvances and Protective Advances outstanding to exceed an amount equal to ten percent (10%) of the Maximum Credit; (B) the US Revolver Usage (excluding amounts charged to the US Loan Account
for interest, fees or Lender Group Expenses) to exceed the US Maximum Credit or (C) the Canadian Revolver Usage (excluding amounts charged to the US Loan Account for interest, fees or Lender Group Expenses) to exceed the Canadian Maximum
Credit. 
 (e) Settlement. It is agreed that each US Lender’s funded portion of the US Revolving
Loans is intended by the Lenders to equal, at all times, such Lender’s Pro Rata Share of the outstanding US Revolving Loans. It is agreed that each Canadian Lender’s funded portion of the Canadian Revolving Loans is intended by the Lenders
to equal, at all times, such Lender’s Pro Rata Share of the outstanding Canadian Revolving Loans. Such agreement notwithstanding, Agent, Swing Lender, and the other Lenders agree (which agreement shall not be for the benefit of Borrowers) that
in order to facilitate the administration of this Agreement and the other Loan Documents, settlement among the Lenders as to the Revolving Loans (including Swing Loans, Overadvances and Protective Advances) shall take place on a periodic basis in
accordance with the following provisions: 
 (i) Agent shall request settlement (“Settlement”)
with the Lenders on a weekly basis, or on a more frequent basis if so determined by Agent (1) on behalf of Swing Lender, with respect to the outstanding Swing Loans, (2) for itself, with respect to the outstanding Protective Advances or
Overadvances, and (3) with respect to the Loan Parties’ Collections or payments received, as to each by notifying the Lenders by telecopy, telephone, or other similar form of transmission, of such requested Settlement, no later than 2:00
p.m. on the Business Day immediately prior to the date of such requested Settlement (the date of such requested Settlement being the “Settlement Date”). Such notice of a Settlement Date shall include a summary statement of the
amount of outstanding Revolving Loans (including Swing Loans, Overadvances and Protective Advances) for the period since the prior Settlement Date. Subject to the terms and conditions contained herein (including Section 13): (A) if
the amount of the Revolving Loans (including Swing Loans, Overadvances and Protective Advances) made by a Lender that is not a Defaulting Lender exceeds such Lender’s Pro Rata Share of the Revolving Loans (including Swing Loans, Overadvances
and Protective Advances) as of a Settlement Date, then Agent shall, by no later than 12:00 p.m. on the Settlement Date, transfer in immediately available funds to a Deposit Account of such Lender (as such Lender may designate), an amount such that
each such Lender shall, upon receipt of such amount, have as of the Settlement Date, its Pro Rata Share of the Revolving Loans (including Swing Loans, Overadvances and Protective Advances), and (B) if the amount of the Revolving

  
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Loans (including Swing Loans, Overadvances and Protective Advances) made by a Lender is less than such Lender’s Pro Rata Share of the Revolving Loans (including Swing Loans and Protective
Advances) as of a Settlement Date, such Lender shall no later than 12:00 p.m. on the Settlement Date transfer in immediately available funds to Agent’s Account or Agent’s Canadian Account, as applicable, an amount such that each such
Lender shall, upon transfer of such amount, have as of the Settlement Date, its Pro Rata Share of the Revolving Loans (including Swing Loans, Overadvances and Protective Advances). Such amounts made available to Agent under clause (B) of the
immediately preceding sentence shall be applied against the amounts of the applicable Swing Loans, Overadvances or Protective Advances and, together with the portion of such Swing Loans, Overadvances or Protective Advances representing Swing
Lender’s Pro Rata Share thereof, shall constitute Revolving Loans of such Lenders. If any such amount is not made available to Agent by any Lender on the Settlement Date applicable thereto to the extent required by the terms hereof, Agent shall
be entitled to recover for its account such amount on demand from such Lender together with interest thereon at the Defaulting Lender Rate. 
 (ii) In determining whether a Lender’s balance of the Revolving Loans, Swing Loans, and Protective Advances is less than, equal to, or greater than such Lender’s Pro Rata Share of the Revolving
Loans, Swing Loans, and Protective Advances as of a Settlement Date, Agent shall, as part of the relevant Settlement, apply to such balance the portion of payments actually received in good funds by Agent with respect to principal, interest, fees
payable by Borrowers and allocable to the Lenders hereunder, and proceeds of Collateral. 
 (iii) Between
Settlement Dates, Agent, to the extent Protective Advances or Swing Loans are outstanding, may pay over to Agent or Swing Lender or the Canadian Lender that is an Affiliate of Agent, as applicable, any Collections or payments received by Agent, that
in accordance with the terms of this Agreement would be applied to the reduction of the Revolving Loans, for application to the Protective Advances, Overadvances or Swing Loans. Between Settlement Dates, Agent, to the extent no Protective Advances,
Overadvances or Swing Loans are outstanding, may pay over to Swing Lender any Collections or payments received by Agent, that in accordance with the terms of this Agreement would be applied to the reduction of the Revolving Loans, for application to
Swing Lender’s Pro Rata Share of the Revolving Loans. If, as of any Settlement Date, Collections or payments of Loan Parties received since the then immediately preceding Settlement Date have been applied to Swing Lender’s Pro Rata Share
of the Revolving Loans other than to Swing Loans, as provided for in the previous sentence, Swing Lender shall pay to Agent for the accounts of the Lenders, and Agent shall pay to the Lenders (other than a Defaulting Lender if Agent has implemented
the provisions of Section 13), to be applied to the outstanding Revolving Loans of such Lenders, an amount such that each such Lender shall, upon receipt of such amount, have, as of such Settlement Date, its Pro Rata Share of the
Revolving Loans. During the period between Settlement Dates, Swing Lender with respect to Swing Loans, Agent with respect to Protective Advances and Overadvances, and each Lender with respect to the Revolving Loans other than Swing Loans,
Overadvances and Protective Advances, shall be entitled to interest at the applicable rate or rates payable under this Agreement on the daily amount of funds employed by Swing Lender, Agent, or the Lenders, as applicable. 

(iv) Anything in this Section 2.2(e) to the contrary notwithstanding, in the event that a Lender is a
Defaulting Lender, Agent shall be entitled to refrain from remitting settlement amounts to the Defaulting Lender and, instead, shall be entitled to elect to act in accordance with Section 2.13. 

(f) Notation. Agent, as a non-fiduciary agent for Borrowers, shall maintain a register showing the principal amount
of the Revolving Loans, owing to each Lender, including the Swing Loans owing to Swing Lender, and Protective Advances owing to Agent, and the interests therein of each Lender, from time to time and such register shall, absent manifest error,
conclusively be presumed to be correct and accurate. 

  
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 (g) Independent Obligations. All Revolving Loans (other than Swing
Loans, Overadvances and Protective Advances) shall be made by the Lenders contemporaneously and in accordance with their Pro Rata Shares. It is understood that (i) no Lender shall be responsible for any failure by any other Lender to perform
its obligation to make any Revolving Loan (or other extension of credit) hereunder, nor shall any Commitment of any Lender be increased or decreased as a result of any failure by any other Lender to perform its obligations hereunder, and
(ii) no failure by any Lender to perform its obligations hereunder shall excuse any other Lender from its obligations hereunder. 
 2.3 Payments; Reductions of Commitments; Prepayments. 

(a) Payments by Borrowers. 
 (i) Except as otherwise expressly provided herein, all payments by any Borrower shall be made to Agent’s Account or Agent’s Canadian Account, as applicable, for the account of the Lender Group
and shall be made in immediately available funds, no later than 1:00 p.m. on the date specified herein. Any payment received by Agent later than 1:00 p.m. shall be deemed to have been received on the following Business Day and any applicable
interest or fee shall continue to accrue until (but not including) such following Business Day. 
 (ii) Unless
Agent receives notice from Administrative Borrower prior to the date on which any payment is due to the Lenders that Borrowers will not make such payment in full as and when required, Agent may assume that Borrowers have made (or will make) such
payment in full to Agent on such date in immediately available funds and Agent may (but shall not be so required), in reliance upon such assumption, distribute to each Lender on such due date an amount equal to the amount then due such Lender. If
and to the extent Borrowers do not make such payment in full to Agent on the date when due, each Lender severally shall repay to Agent on demand such amount distributed to such Lender, together with interest thereon at the Defaulting Lender Rate for
each day from the date such amount is distributed to such Lender until the date repaid. 
 (iii) All payments in
respect of the Canadian Obligations of Canadian Loan Parties shall be applied first to Canadian Obligations denominated in the same currency as the payments received and second to the Canadian Obligations denominated in the other currency;
provided, that, Agent may, at its option (but is not obligated to), convert such currency received to the currency in which the Canadian Obligations are denominated at the Exchange Rate calculated by Agent in good faith on such date
and Borrowers shall pay the costs of such conversion (or Agent may, at its option, charge such costs to the loan account of any Borrower maintained by such Agent). 

(b) Apportionment and Application. 

(i) So long as no Application Event has occurred and is continuing and except as otherwise provided herein, all principal
and interest payments received by Agent shall be apportioned ratably among the Lenders (according to the unpaid principal balance of the Obligations to which such payments relate held by each Lender) entitled to such payments and all payments of
fees and expenses received by Agent (other than fees or expenses that are for Agent’s separate account or for the separate account of the Issuing Lender) shall be apportioned ratably among the Lenders having a Pro Rata Share of the type of
Commitment or Obligation to which a particular fee or expense relates. All payments to be made hereunder by Borrowers shall be remitted to Agent and all such payments, and all proceeds of Collateral received by Agent, shall be applied, so long as no
Application Event has occurred and is continuing, to reduce the balance of the Revolving Loans outstanding and, thereafter, to Borrowers (to be wired to the Designated Account) or such other Person entitled thereto under applicable law (subject to
Section 2.3(b)(v), Section 2.3(d)(ii), and Section 2.3(e)). 

  
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 (ii) At any time that an Application Event has occurred and is continuing
and except as otherwise provided herein with respect to Defaulting Lenders, subject to the Term Loan Intercreditor Agreement, the 2015 Note Intercreditor Agreement and the Series G Guarantee Lien Acknowledgement, all payments remitted to Agent in
respect of the US Obligations and all proceeds of US Collateral received by Agent shall be applied as follows: 

(A) first, to pay any Lender Group Expenses (including cost or expense reimbursements) or indemnities then due to
Agent under the Loan Documents, until paid in full, 
 (B) second, to pay any fees then due to Agent (in
its capacity as Agent and not as Lender) under the Loan Documents until paid in full, 
 (C) third, to
pay interest due in respect of all Protective Advances made for the account of US Loan Parties until paid in full, 
 (D) fourth, to pay principal due in respect of all Protective Advances made for the account of US Borrowers until paid in full, 

(E) fifth, ratably, to pay any Lender Group Expenses (including cost or expense reimbursements) or indemnities
then due to any of the US Lenders under the Loan Documents, until paid in full, 
 (F) sixth, ratably, to
pay any fees then due to any of the US Lenders under the Loan Documents until paid in full, 
 (G)
seventh, to pay interest accrued in respect of the US Swing Loans until paid in full, 
 (H)
eighth, to pay the principal of all US Swing Loans until paid in full, 
 (I) ninth, ratably, to
pay interest accrued in respect of the US Revolving Loans (other than Protective Advances) until paid in full, 

(J) tenth, ratably (1) to Agent, for the account of Agent and Lenders, to pay the principal of all US
Revolving Loans until paid in full, and (2) to Agent, to be held by Agent, for the benefit of Issuing Lender (and for the ratable benefit of each of the US Lenders that have an obligation to pay to Agent, for the account of the Issuing Lender,
a share of each US Letter of Credit Disbursement), as cash collateral in an amount up to one hundred three percent (103%) of the US Letter of Credit Usage (to the extent permitted by applicable law, such cash collateral shall be applied to the
reimbursement of any US Letter of Credit Disbursement as and when such disbursement occurs and, if a US Letter of Credit expires undrawn, the cash collateral held by Agent in respect of such US Letter of Credit shall, during the continuation of an
Application Event, to the extent permitted by applicable law, be reapplied pursuant to this Section 2.3(b)(ii), beginning with clause (A) hereof), 

(K) eleventh, to pay any other US Obligations other than Bank Product Obligations, 

(L) twelfth, to pay Canadian Obligations in the order and priority set forth in clause (iii) below,

 (M) thirteenth, to pay any other US Obligations (including being paid, ratably, to the Bank Product
Providers on account of all amounts then due and payable in respect of Bank Product 

  
 13 

 
Obligations, with any balance to be paid to Agent, to be held by Agent, for the ratable benefit of the Bank Product Providers, as cash collateral (which cash collateral may be released by Agent
to the applicable Bank Product Provider and applied by such Bank Product Provider to the payment or reimbursement of any amounts due and payable with respect to Bank Product Obligations owed to the applicable Bank Product Provider as and when such
amounts first become due and payable and, if and at such time as all such Bank Product Obligations are paid or otherwise satisfied in full, the cash collateral held by Agent in respect of such Bank Product Obligations shall be reapplied pursuant to
this Section 2.3(b)(ii), beginning with clause (A) hereof), and 
 (N) fourteenth, to US
Borrowers (to be wired to the Designated Account) or such other Person entitled thereto under applicable law. 

(iii) At any time that an Application Event has occurred and is continuing and except as otherwise provided herein with
respect to Defaulting Lenders, subject to the 2015 Note Intercreditor Agreement and the Series G Guarantee Lien Acknowledgement, all payments remitted to Agent in respect of the Canadian Obligations and all proceeds of Canadian Collateral received
by Agent shall be applied as follows: 
 (A) first, to pay any Lender Group Expenses (including cost or
expense reimbursements) or indemnities then due to Agent under the Loan Documents, until paid in full, 
 (B)
second, to pay any fees then due to Agent under the Loan Documents until paid in full, 
 (C)
third, to pay interest due in respect of all Protective Advances made for the account of Canadian Borrowers until paid in full, 
 (D) fourth, to pay the principal of all Protective Advances made for the account of Canadian Borrowers until paid in full, 

(E) fifth, ratably, to pay any Lender Group Expenses (including cost or expense reimbursements) or indemnities
then due to any of the Canadian Lenders under the Loan Documents, until paid in full, 
 (F) sixth,
ratably, to pay any fees then due to any of the Canadian Lenders under the Loan Documents until paid in full, 

(G) seventh, to pay interest accrued in respect of the Canadian Swing Loans until paid in full, 

(H) eighth, to pay the principal of all Canadian Swing Loans until paid in full, 

(I) ninth, ratably, to pay interest accrued in respect of the Canadian Revolving Loans (other than Protective
Advances) until paid in full, 
 (J) tenth, ratably (i) to Agent, for the account of Agent and
Canadian Lenders, to pay the principal of all Canadian Revolving Loans until paid in full, and (ii) to Agent, to be held by Agent, for the benefit of Issuing Lender (and for the ratable benefit of each of the Canadian Lenders that have an
obligation to pay to Agent, for the account of the Issuing Lender, a share of each Canadian Letter of Credit Disbursement), as cash collateral in an amount up to one hundred three percent (103%) of the Canadian Letter of Credit Usage (to the
extent permitted by applicable law, such cash collateral shall be 

  
 14 

 
applied to the reimbursement of any Canadian Letter of Credit Disbursement as and when such disbursement occurs and, if a Canadian Letter of Credit expires undrawn, the cash collateral held by
Agent in respect of such Canadian Letter of Credit shall, during the continuation of an Application Event, to the extent permitted by applicable law, be reapplied pursuant to this Section 2.4(b)(iii), beginning with clause
(A) hereof), 
 (K) eleventh, to pay any other Canadian Obligations other than Bank Product
Obligations, 
 (L) twelfth, to pay any other Canadian Obligations (including being paid, ratably, to the
Bank Product Providers on account of all amounts then due and payable in respect of Bank Product Obligations, with any balance to be paid to Agent, to be held by Agent, for the ratable benefit of the Bank Product Providers, as cash collateral (which
cash collateral may be released by Agent to the applicable Bank Product Provider and applied by such Bank Product Provider to the payment or reimbursement of any amounts due and payable with respect to Bank Product Obligations owed to the applicable
Bank Product Provider as and when such amounts first become due and payable and, if and at such time as all such Bank Product Obligations are paid or otherwise satisfied in full, the cash collateral held by Agent in respect of such Bank Product
Obligations shall be reapplied pursuant to this Section 2.3(b)(iii), beginning with clause (A) hereof), and 
 (M) thirteenth, to Canadian Borrowers (to be wired to the Designated Account) or such other Person entitled thereto under applicable law. 

(iv) Agent promptly shall distribute to each Lender, pursuant to the applicable wire instructions received from each
Lender in writing, such funds as it may be entitled to receive, subject to a Settlement delay as provided in Section 2.2(e). 
 (v) In each instance, so long as no Application Event has occurred and is continuing, Section 2.3(b)(i) shall not apply to any payment made by any Borrower to Agent and specified by such
Borrower to be for the payment of specific Obligations then due and payable (or prepayable) under any provision of this Agreement or any other Loan Document. 
 (vi) For purposes of Section 2.3(b)(ii) or (iii), “paid in full” of a type of Obligation means payment in cash or immediately available funds of all amounts owing on account
of such type of Obligation, including interest accrued after the commencement of any Insolvency Proceeding, default interest, interest on interest, and expense reimbursements, whether or not any of the foregoing would be or is allowed or disallowed
in whole or in part in any Insolvency Proceeding. 
 (vii) In the event of a direct conflict between the priority
provisions of this Section 2.3 and any other provision contained in this Agreement or any other Loan Document, it is the intention of the parties hereto that such provisions be read together and construed, to the fullest extent possible,
to be in concert with each other. In the event of any actual, irreconcilable conflict that cannot be resolved as aforesaid, if the conflict relates to the provisions of Section 2.13 and this Section 2.3, then the provisions
of Section 2.13 shall control and govern, and if otherwise, then the terms and provisions of this Section 2.3 shall control and govern. 
 (viii) Notwithstanding anything to the contrary contained in this Agreement or the other Loan Documents to the contrary, (i) Canadian Loan Parties shall not be liable for any US Obligations,
(ii) no security interest granted by Canadian Loan Parties under any of the Loan Documents shall secure any US Obligations, (iii) no amounts payable on account of the Canadian Obligations shall be payable to Agent’s Account, and
(iv) no US Obligations shall be charged to the Canadian Loan Account. 

  
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 (c) Reduction of Commitments. 

(i) The US Commitments and the Canadian Commitments shall terminate on the Maturity Date. US Borrowers may reduce the US
Commitments to an amount not less than the sum of (A) the US Revolver Usage as of such date, plus (B) the principal amount of all US Revolving Loans not yet made as to which a request has been given by Borrowers under
Section 2.2(a), plus (C) the amount of all US Letters of Credit not yet issued as to which a request has been given by Borrowers pursuant to Section 2.9(a). 

(ii) Canadian Borrowers may reduce the Canadian Commitments to an amount not less than the sum of (A) the Canadian
Revolver Usage as of such date, plus (B) the principal amount of all Canadian Revolving Loans not yet made as to which a request has been given by Borrowers under Section 2.2(a), plus (C) the amount of all Canadian Letters of
Credit not yet issued as to which a request has been given by Borrowers pursuant to Section 2.9(a). 

(iii) Each such reduction shall be in an amount which is not less than $10,000,000, unless the Commitments are being
reduced to zero and the amount of the Commitments in effect immediately prior to such reduction are less than $10,000,000, shall be made by providing not less than ten (10) Business Days prior written notice to Agent, which notice shall specify
whether such reduction is in respect of the US Commitments or the Canadian Commitments and shall be irrevocable. Once reduced, the Commitments may not be increased. Each such reduction of the Commitments shall reduce the Commitments of each Lender
proportionately in accordance with its ratable share thereof. 
 (d) Optional Prepayments. Borrowers may
prepay the principal of any Revolving Loan at any time in whole or in part, without premium or penalty (other than breakage and related costs associated with LIBOR Rate Loans and BA Funding Losses). 

(e) Mandatory Prepayments. 
 (i) Borrowing Base. If, at any time, the US Revolver Usage on such date exceeds the lesser of the US Borrowing Base or the US Maximum Credit, or the Canadian Revolver Usage on such date exceeds the
lesser of the Canadian Borrowing Base or the Canadian Maximum Credit (any such excess being referred to as the “Overadvance”), then Borrowers shall promptly, but in any event, within one (1) Business Day, prepay the Obligations
in accordance with Section 2.3(f) in an aggregate amount equal to any such excess, as applicable, except as otherwise provided in Section 2.2(d). Notwithstanding anything to the contrary set forth in this Agreement or any of
the other Loan Documents, Administrative Borrower and the other Borrowers shall not request, and Agent and Lenders shall not be required to make or provide, Revolving Loans or Letters of Credit, at any time that there exists an Overadvance (but
without limiting the obligations of Lenders to have participations or to settle in respect of Overadvances or Protective Advances permitted hereunder). 
 (ii) Indebtedness. At any time during a Cash Dominion Event, within one (1) Business Day of the date of incurrence by any Loan Party of any Indebtedness (other than Permitted Indebtedness),
Borrowers shall prepay the outstanding principal amount of the Obligations in an amount equal to one hundred percent (100%) of the Net Cash Proceeds received by such Person in connection with such incurrence. The provisions of this
Section 2.3(e)(ii) shall not be deemed to constitute consent to any such incurrence otherwise prohibited by the terms and conditions of this Agreement. 

(iii) Equity. At any time during a Cash Dominion Event, within one (1) Business Day of the date of the
issuance by any Loan Party of any of its Equity Interests, Borrowers shall prepay the outstanding principal amount of the Obligations in an amount equal to one hundred percent (100%) of the

  
 16 

 
Net Cash Proceeds received by such Person in connection with such issuance, other than (A) in the event that any Loan Party forms any Subsidiary in accordance with the terms hereof, the
issuance by such Subsidiary of Equity Interests to such Loan Party, (B) the issuance of Equity Interests of Parent to directors, officers and employees of Parent pursuant to employee stock option plans (or other employee incentive plans or
other compensation arrangements) approved by the Board of Directors, and (C) the issuance of Equity Interests of Parent in order to finance the purchase consideration (or a portion thereof) in connection with a Permitted Acquisition). The
provisions of this Section 2.3(e)(iii) shall not be deemed to constitute consent to any such issuance otherwise prohibited by the terms and conditions of this Agreement. 

2.4 Interest Rates: Rates, Payments, and Calculations. 

(a) Interest Rates. Except as provided in Section 2.4(b), all Obligations (except for undrawn Letters
of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest on the Daily Balance thereof as follows: 
 (i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the Applicable Margin for LIBOR Rate Loans, 

(ii) if the relevant Obligation is a BA Rate Loan, at a rate per annum equal to the BA Rate plus the Applicable Margin for
BA Rate Loans, 
 (iii) if the relevant Obligation is a Base Rate Loan, at a rate per annum equal to the Base
Rate plus the Applicable Margin for the Base Rate Loans, and 
 (iv) otherwise, at a per annum rate equal to the
Base Rate plus the Applicable Margin for Base Rate Loans. 
 (b) Default Rate. Upon the occurrence and
during the continuation of an Event of Default and at the election of the Required Lenders, 
 (i) all
Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall, upon two (2) Business Days’ prior written notice by Agent to Administrative Borrower, bear interest on the
Daily Balance thereof at a per annum rate equal to two (2) percentage points above the per annum rate otherwise applicable thereunder, and 
 (ii) the Letter of Credit fee provided for in Section 2.8(b) shall, upon two (2) Business Days’ prior written notice by Agent to Administrative Borrower, be increased to two
(2) percentage points above the per annum rate otherwise applicable hereunder. 
 (c) Payment. All
other interest, and all Letter of Credit fees, all other fees payable hereunder or under any of the other Loan Documents, all costs and expenses payable hereunder or under any of the other Loan Documents shall be due and payable, in arrears, on the
first day of each month at any time that Obligations or Commitments are outstanding, except as otherwise provided herein. Each Borrower hereby authorizes Agent to (i) without prior notice, charge to the Loan Account all interest and recurring
fees when due and payable hereunder or under any of the other Loan Documents or (ii) charge to the Loan Account costs, expenses and other amounts when due and payable, upon two (2) Business Days’ prior notice to Administrative
Borrower, provided, that such notice shall not be required at any time during a Cash Dominion Event. All such items properly charged to (i) the US Loan Account shall thereupon constitute US Revolving Loans hereunder and shall initially accrue
interest at the rate then applicable to US Revolving Loans that are Base Rate Loans (unless and until converted into LIBOR Rate 

  
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Loans in accordance with the terms of this Agreement) or (ii) the Canadian Loan Account shall thereupon constitute Canadian Revolving Loans hereunder and shall initially accrue interest at
the rate applicable to Canadian Revolving Loans that are Base Rate Loans (unless and until converted into BA Rate Loans in accordance with the terms of this Agreement). 

(d) Computation. Interest shall be calculated on the basis of (i) in the case of LIBOR Rate Loans, a three
hundred sixty (360) day year, (ii) in the case of BA Rate Loans, a three hundred and sixty-five (365) day year, and (iii) in the case of Base Rate Loans, a three hundred and sixty-five (365) or three hundred and sixty-six
(366) day year, as applicable, and in each case based on actual days elapsed. The interest rate on non-contingent Obligations (other than LIBOR Rate Loans and BA Rate Loans) shall increase or decrease by an amount equal to each increase or
decrease in the Base Rate effective on the date any change in such Base Rate is effective. For purposes of disclosure under the Interest Act (Canada), where interest is calculated pursuant hereto at a rate based upon a year of three hundred sixty
(360), three hundred and sixty-five (365) or three hundred and sixty-six (366) days, as the case may be (the “First Rate”), the rate or percentage of interest on a yearly basis is equivalent to such First Rate multiplied
by the actual number of days in the year divided by three hundred sixty (360), three hundred and sixty-five (365) or three hundred and sixty-six (366), as the case may be. 

(e) Intent to Limit Charges to Maximum Lawful Rate. In no event shall the interest rate or rates payable under this
Agreement, plus any other amounts paid in connection herewith, exceed the highest rate permissible under any law that a court of competent jurisdiction shall, in a final determination, deem applicable. Each Borrower and the Lender Group, in
executing and delivering this Agreement, intend legally to agree upon the rate or rates of interest and manner of payment stated within it; provided, that, anything contained herein to the contrary notwithstanding, if such rate or
rates of interest or manner of payment exceeds the maximum allowable under applicable law, then, ipso facto, as of the date of this Agreement, Borrowers are and shall be liable only for the payment of such maximum amount as is allowed by law, and
payment received from Borrowers in excess of such legal maximum, whenever received, shall be applied to reduce the principal balance of the Obligations to the extent of such excess. 

2.5 Crediting Payments. The receipt of any payment item by Agent shall not be considered a payment on account unless such
payment item is a wire transfer of immediately available federal funds made to Agent’s Account or Agent’s Canadian Account, as applicable, or unless and until such payment item is honored when presented for payment. Should any payment item
not be honored when presented for payment, then Borrowers shall be deemed not to have made such payment and interest shall be calculated accordingly. Anything to the contrary contained herein notwithstanding, any payment item shall be deemed
received by Agent only if it is received into Agent’s Account on a Business Day on or before 1:00 p.m. If any payment item is received into Agent’s Account or Agent’s Canadian Account, as applicable, on a non-Business Day or after
1:00 p.m. on a Business Day, it shall be deemed to have been received by Agent as of the opening of business on the immediately following Business Day. 
 2.6 Designated Account. Agent is authorized to make the Revolving Loans, and Issuing Lender is authorized to issue the Letters of Credit, under this Agreement based upon telephonic or other
instructions received from anyone purporting to be an Authorized Person and reasonably believed by Agent to be an Authorized Person or, without instructions, if pursuant to Section 2.4(c). Borrowers agree to establish and maintain the
Designated Account with the Designated Account Bank for the purpose of receiving the proceeds of the Revolving Loans requested by Borrowers and made by Agent or the Lenders hereunder. Unless otherwise agreed by Agent and Borrowers, any Revolving
Loan or Swing Loan requested by Borrowers and made by Agent or the Lenders hereunder shall be made to the Designated Account. 

  
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 2.7 Maintenance of Loan Account; Statements of Obligations. Agent shall
maintain an account on its books in the name of US Borrowers (the “US Loan Account”) on which US Borrowers will be charged with all US Revolving Loans (including Protective Advances, Overadvances and Swing Loans) made by Agent,
Swing Lender, or the Lenders to US Borrowers or for US Borrowers’ account, the US Letters of Credit issued or arranged by Issuing Lender for US Borrowers’ account, and with all other payment Obligations hereunder or under the other Loan
Documents due and owing by US Loan Parties, including, accrued interest, fees and expenses, and Lender Group Expenses. Agent shall maintain an account on its books in the name of Canadian Borrowers (the “Canadian Loan Account”) on
which Canadian Borrowers will be charged with all Canadian Revolving Loans (including Protective Advances and Overadvances) made by Agent or the Lenders to Canadian Borrowers or for Canadian Borrowers’ account, the Canadian Letters of Credit
issued or arranged by Issuing Lender for Canadian Borrowers’ account, and with all other payment Obligations hereunder or under the other Loan Documents due and owing by Canadian Loan Parties, including, accrued interest, fees and expenses, and
Lender Group Expenses. In accordance with Section 2.5, the US Loan Account will be credited with all payments received by Agent from US Borrowers or for any US Borrower’s account, and the Canadian Loan Account shall be credited with
all payments received by Agent from Canadian Borrowers or for any Canadian Borrower’s account. Agent shall render monthly statements regarding the Loan Account to Borrowers, including principal, interest, fees, Overadvances and Protective
Advances and including an itemization of all charges and expenses constituting Lender Group Expenses owing, and such statements, absent manifest error, shall be conclusively presumed to be correct and accurate and constitute an account stated
between Borrowers and the Lender Group unless, within thirty (30) days after receipt thereof by Borrowers, Borrowers shall deliver to Agent written objection thereto describing the error or errors contained in any such statements. 

2.8 Fees. 
 (a) Agent Fees. Borrowers shall pay to Agent the fees set forth in the Fee Letter as and when due and payable under the terms thereof. 

(b) Letter of Credit Fee. Borrowers shall pay Agent (for the ratable benefit of the Lenders) a Letter of Credit fee
(in addition to the charges, commissions, fees, and costs set forth in Section 2.9(h)) which shall accrue at a per annum rate equal to the Applicable Margin for LIBOR Rate Loans times the Daily Balance of the undrawn amount of all
outstanding Letters of Credit. 
 (c) Unused Line Fee. US Borrowers shall pay to Agent, for the account of
Lenders, a monthly unused line fee payable in arrears on the first day of each month and on the Payoff Date, in an amount equal to one-half of one percent (0.50%) per annum multiplied by (A) the aggregate amount of the Maximum Credit minus
(B) the average Daily Balance of the US Revolver Usage (other than Swing Loans) plus the Canadian Revolver Usage during the immediately preceding calendar month (or portion thereof), which rate shall be adjusted effective April 1, 2012 and
thereafter as of the first day of every three (3) month period to an amount equal to (1) one half of one percent (0.50%) per annum if the average Daily Balance of the US Revolver Usage plus the Canadian Revolver Usage in any month during
the immediately preceding three (3) month period was less than fifty percent (50%) of the Maximum Credit and (2) three hundred and seventy-five one-thousandths of one percent (0.375%) per annum if the average Daily Balance of the US
Revolver Usage plus the Canadian Revolver Usage in any month during the immediately preceding three (3) month period was equal to or greater than fifty percent (50%) of the Maximum Credit. 

2.9 Letters of Credit. 

  
 19 

 (a) Subject to the terms and conditions of this Agreement, upon the request
of Administrative Borrower made in accordance herewith, the Issuing Lender agrees to issue, or to cause an Underlying Issuer (including, as Issuing Lender’s agent) to issue, a requested Letter of Credit for the account of any Borrower, which
Letter of Credit may be related to the business of any Subsidiary of Parent; provided, that, to the extent a Letter of Credit is for the benefit of, or in connection with, the business of a Non-Loan Party (other than in the case of a
Letter of Credit for the benefit of the business of Parent and its Subsidiaries generally), as of the date of the issuance of such Letter of Credit and after giving effect thereto, (i) the Borrower for whose account the Letter of Credit is
issued would be permitted to make a Permitted Investment in such Non-Loan Party under clause (d)(ii)(D) of the definition of Permitted Investments, such that all of the conditions set forth in clause (d)((ii)(D) of the definition of Permitted
Investments shall be satisfied as to any such Letter of Credit, treating such Letter of Credit as a Permitted Investment for this purpose (except for the conditions in clauses (2) and (4) of such clause (d)(ii)(D)), and (ii) the sum
of (A) the aggregate amount of all such Letters of Credit, plus (B) the maximum amount of the liability of Parent and the Restricted Subsidiaries under all guarantees of leases of Non-Loan Parties under clause (j) of the definition of
Permitted Investments, shall not exceed $50,000,000 outstanding at any one time. If Issuing Lender, at its option, elects to cause an Underlying Issuer to issue a requested Letter of Credit, then Issuing Lender agrees that it will enter into
arrangements relative to the reimbursement of such Underlying Issuer (which may include, among, other means, by becoming an applicant with respect to such Letter of Credit or entering into undertakings which provide for reimbursements of such
Underlying Issuer with respect to such Letter of Credit; each such obligation or undertaking, irrespective of whether in writing, a “Reimbursement Undertaking”) with respect to Letters of Credit issued by such Underlying Issuer. By
submitting a request to Issuing Lender for the issuance of a Letter of Credit, Borrowers shall be deemed to have requested that Issuing Lender issue or that an Underlying Issuer issue the requested Letter of Credit and to have requested Issuing
Lender to issue a Reimbursement Undertaking with respect to such requested Letter of Credit if it is to be issued by an Underlying Issuer (it being expressly acknowledged and agreed by each Borrower that Borrowers are and shall be deemed to be
applicants (within the meaning of Section 5-102(a)(2) of the Code) with respect to each Underlying Letter of Credit). Each request for the issuance of a Letter of Credit, or the amendment, renewal, or extension of any outstanding Letter
of Credit, shall be made in writing by an Authorized Person and delivered to the Issuing Lender via hand delivery, telefacsimile, or other electronic method of transmission reasonably in advance of the requested date of issuance, amendment, renewal,
or extension. Each such request shall be in form and substance reasonably satisfactory to the Issuing Lender and shall specify (i) the amount of such Letter of Credit and whether such Letter of Credit shall be a US Letter of Credit or a
Canadian Letter of Credit, (ii) in the case of a Canadian Letter of Credit, whether such Canadian Letter of Credit shall be denominated in US Dollars or Canadian Dollars, (iii) the date of issuance, amendment, renewal, or extension of such
Letter of Credit, (iv) the proposed expiration date of such Letter of Credit, (v) the name and address of the beneficiary of the Letter of Credit, and (vi) such other information (including, the conditions of drawing, and in the case
of an amendment, renewal, or extension, identification of the Letter of Credit to be so amended, renewed, or extended) as shall be necessary to prepare, amend, renew, or extend such Letter of Credit. Each US Letter of Credit shall be denominated in
US Dollars. Anything contained herein to the contrary notwithstanding, the Issuing Lender shall not be required to issue or cause the issuance of a Letter of Credit or to issue a Reimbursement Undertaking in respect of an Underlying Letter of
Credit, in either case, that supports the obligations of a Loan Party in respect of a lease of Real Property or an employment contract, (a) in the case of a Letter of Credit in connection with such a lease, in an amount greater than the amount
equal to (A) the amount of rent under such lease, without acceleration, for the greater of (1) one year or (2) the amount equal to fifteen percent (15%) of the rent for the then remaining term of such lease, but not to exceed
three (3) years, minus (B) the amount of any cash or other collateral to secure the obligations of a Loan Party in respect of such lease and (b) in the case of a Letter of Credit in connection with an employment contract, in an amount
greater than the compensation provided by such contract, without acceleration, for a one year period. 

  
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 (b) The Issuing Lender shall have no obligation to issue a Letter of Credit
or a Reimbursement Undertaking in respect of an Underlying Letter of Credit, in either case, if any of the following would result after giving effect to the requested issuance: 

(i) the US Letter of Credit Usage would exceed the US Borrowing Base less the outstanding amount of US Revolving Loans
(including Swing Loans), 
 (ii) the US Letter of Credit Usage would exceed $50,000,000 minus the amount of
Canadian Letter of Credit Usage at such time, 
 (iii) the US Letter of Credit Usage would exceed the US Maximum
Credit less the outstanding amount of US Revolving Loans (including Swing Loans), 
 (iv) the Canadian Letter of
Credit Usage would exceed the Canadian Borrowing Base less the outstanding amount of Canadian Revolving Loans, 

(v) the Canadian Letter of Credit Usage would exceed $5,000,000, or 

(vi) the Canadian Letter of Credit Usage would exceed the Canadian Maximum Credit less the outstanding amount of Canadian
Revolving Loans. 
 (c) Borrowers and the Lender Group hereby acknowledge and agree that all Existing Letters of
Credit shall constitute US Letters of Credit under this Agreement on and after the Closing Date with the same effect as if such Existing Letters of Credit were issued by Issuing Lender or an Underlying Issuer at the request of US Borrowers on the
Closing Date. As to each of the Existing Letters of Credit for which PolyOne Funding Corporation is the applicant and/or account party, without limiting any of the obligations, liabilities or duties of PolyOne Funding Corporation, Parent has, and
shall have, jointly and severally, all of the obligations, liabilities and duties of PolyOne Funding Corporation in such capacity as if Parent had been the original applicant and account party with respect to such Existing Letter of Credit. Without
limiting any of their respective rights or remedies, the Issuing Lender with respect to any such Existing Letter of Credit, and Agent and the other Lenders, shall have recourse to Parent in connection therewith to the same extent as if Parent had
been the original applicant and/or account party with respect thereto. Each Letter of Credit shall be in form and substance reasonably acceptable to the Issuing Lender. If Issuing Lender makes a payment under a US Letter of Credit or an Underlying
Issuer makes a payment under a US Underlying Letter of Credit, US Borrowers shall pay to Agent an amount equal to the applicable US Letter of Credit Disbursement on (i) the date such US Letter of Credit Disbursement is made, if Administrative
Borrower has received notice of such US Letter of Credit Disbursement prior to 11:00 a.m. on such date, or (ii) the next Business Day if such notice is not received prior to 11:00 a.m. on such date and, in the absence of such payment, the
amount of the US Letter of Credit Disbursement immediately and automatically shall be deemed to be a US Revolving Loan hereunder and, initially, shall bear interest at the rate then applicable to US Revolving Loans that are Base Rate Loans. If
Issuing Lender makes a payment under a Canadian Letter of Credit or an Underlying Issuer makes a payment under a Canadian Underlying Letter of Credit, Canadian Borrowers shall pay to Agent an amount equal to the applicable Canadian Letter of Credit
Disbursement on (i) the date such Canadian Letter of Credit Disbursement is made, if Administrative Borrower has received notice of such Canadian Letter of Credit Disbursement prior to 11:00 a.m. on such date, or (ii) the next Business Day
if such notice is not received prior to 11:00 a.m. on such date and, in the absence of such payment on the date when due, the amount of the Canadian Letter of Credit Disbursement immediately and automatically shall be deemed to be a Canadian
Revolving Loan hereunder and, initially, unless later converted to BA Rate Loans, shall bear interest at the rate then applicable to Canadian Revolving Loans that are Base Rate Loans. If a Letter of Credit Disbursement is deemed to be a Revolving
Loan hereunder (notwithstanding any failure to satisfy 

  
 21 

 
any condition precedent set forth in Section 3), Borrowers’ obligation to pay the amount of such Letter of Credit Disbursement to Issuing Lender shall be automatically converted
into an obligation to pay the resulting Revolving Loan. Promptly following receipt by Agent of any payment from Borrowers pursuant to this paragraph, Agent shall distribute such payment to the Issuing Lender or, to the extent that Lenders have made
payments pursuant to Section 2.9(d) to reimburse the Issuing Lender, then to such Lenders and the Issuing Lender as their interests may appear. 
 (d) Promptly following receipt of a notice of a US Letter of Credit Disbursement pursuant to Section 2.9(c), each Lender with a US Commitment agrees to fund its Pro Rata Share of any US
Revolving Loan deemed made pursuant to Section 2.9(c) on the same terms and conditions as if Borrowers had requested the amount thereof as a Revolving Loan and Agent shall promptly pay to Issuing Lender the amounts so received by it from
the Lenders. By the issuance of a US Letter of Credit or a Reimbursement Undertaking related thereto (or an amendment, renewal or extension of a US Letter of Credit or a Reimbursement Undertaking related thereto) and without any further action on
the part of the Issuing Lender or the Lenders with Commitments, the Issuing Lender shall be deemed to have granted to each Lender with a US Commitment, and each Lender with a US Commitment shall be deemed to have purchased, a participation in each
US Letter of Credit issued by Issuing Lender and each Reimbursement Undertaking related thereto, in an amount equal to its Pro Rata Share of such US Letter of Credit or Reimbursement Undertaking, and each such Lender agrees to pay to Agent, for the
account of the Issuing Lender, such Lender’s Pro Rata Share of any US Letter of Credit Disbursement made by Issuing Lender or an Underlying Issuer under the applicable US Letter of Credit. In consideration and in furtherance of the foregoing,
each Lender with a US Commitment hereby absolutely and unconditionally agrees to pay to Agent, for the account of the Issuing Lender, such Lender’s Pro Rata Share of each US Letter of Credit Disbursement made by Issuing Lender or an Underlying
Issuer and not reimbursed by Borrowers on the date due as provided in Section 2.9(c), or of any reimbursement payment required to be refunded (or that Agent or Issuing Lender elects, based upon the advice or counsel to refund) to US
Borrowers for any reason. Promptly following receipt of a notice of a Canadian Letter of Credit Disbursement pursuant to Section 2.9(c), each Lender with a Canadian Commitment agrees to fund its Pro Rata Share of any Canadian Revolving
Loan deemed made pursuant to Section 2.9(c) on the same terms and conditions as if Borrowers had requested the amount thereof as a Revolving Loan and Agent shall promptly pay to Issuing Lender the amounts so received by it from the
Lenders. By the issuance of a Canadian Letter of Credit or a Reimbursement Undertaking related thereto (or an amendment, renewal or extension of a Letter of Credit or a Reimbursement Undertaking related thereto) and without any further action on the
part of the Issuing Lender or the Lenders with Canadian Commitments, the Issuing Lender shall be deemed to have granted to each Lender with a Canadian Commitment, and each Lender with a Canadian Commitment shall be deemed to have purchased, a
participation in each Canadian Letter of Credit issued by Issuing Lender and each Reimbursement Undertaking related thereto, in an amount equal to its Pro Rata Share of such Canadian Letter of Credit or Reimbursement Undertaking related thereto, and
each such Canadian Lender agrees to pay to Agent, for the account of the Issuing Lender, such Lender’s Pro Rata Share of any Canadian Letter of Credit Disbursement made by Issuing Lender or an Underlying Issuer under the applicable Canadian
Letter of Credit. In consideration and in furtherance of the foregoing, each Lender with a Canadian Commitment hereby absolutely and unconditionally agrees to pay to Agent, for the account of the Issuing Lender, such Lender’s Pro Rata Share of
each Canadian Letter of Credit Disbursement made by Issuing Lender or an Underlying Issuer and not reimbursed by Borrowers on the date due as provided in Section 2.9(c), or of any reimbursement payment required to be refunded (or that
Agent or Issuing Lender elects, based upon the advice or counsel to refund) to Canadian Borrowers for any reason. Each Lender with a Commitment acknowledges and agrees that its obligation to deliver to Agent, for the account of the Issuing Lender,
an amount equal to its respective Pro Rata Share of each Letter of Credit Disbursement pursuant to this Section 2.9(d) shall be absolute and unconditional and such remittance shall be made notwithstanding the occurrence or continuation
of an Event of Default or Default or the failure to satisfy any condition set forth in Section 3. If any such 

  
 22 

 
Lender fails to make available to Agent the amount of such Lender’s Pro Rata Share of a Letter of Credit Disbursement as provided in this Section, such Lender shall be deemed to be a
Defaulting Lender and Agent (for the account of the Issuing Lender) shall be entitled to recover such amount on demand from such Lender together with interest thereon at the Defaulting Lender Rate until paid in full. 

(e) Each Borrower hereby agrees to indemnify, save, defend, and hold the Lender Group and each Underlying Issuer harmless
from any damage, loss, cost, expense, or liability (other than Taxes, which shall be governed by Section 16), and reasonable and documented attorneys’ fees of (i) one US counsel to Agent, (ii) one Canadian counsel to
Agent, (iii) one regulatory counsel to Agent (if necessary) and (iv) one local counsel in each appropriate jurisdiction selected by Agent (if necessary) and, if an Event of Default has occurred and is continuing (and such additional
counsel is necessary as a result of conflicts of interest), one additional counsel to the Lender Group or any Underlying Issuer arising out of or in connection with any Reimbursement Undertaking or any Letter of Credit; provided, that,
(i) no Borrower shall be obligated hereunder to indemnify the Lender Group, Issuing Lender or any Underlying Issuer for any loss, cost, expense, or liability that results from the bad faith, gross negligence or willful misconduct of the Issuing
Lender, any other member of the Lender Group, or any Underlying Issuer as determined pursuant to a final, non-appealable order of a court of competent jurisdiction and (ii) Canadian Borrowers shall not be obligated to indemnify for any such
loss, cost, expense or liability arising under or in connection with a US Letter of Credit. Each Borrower agrees to be bound by the Underlying Issuer’s regulations and interpretations of any Letter of Credit or by Issuing Lender’s
interpretations of any Reimbursement Undertaking, and each Borrower agrees that none of the Issuing Lender, any other member of the Lender Group, or any Underlying Issuer shall be liable for any error, negligence, or mistake, whether of omission or
commission, in following any Borrower’s instructions or those in the Letter of Credit or any modifications, amendments, or supplements thereto. Each Borrower understands that the Reimbursement Undertakings may require Issuing Lender to
indemnify the Underlying Issuer for certain costs or liabilities arising out of claims by a Borrower against such Underlying Issuer. Each Borrower hereby agrees to indemnify, save, defend, and hold Issuing Lender and the other members of the Lender
Group harmless with respect to any loss, cost, expense (including reasonable attorneys fees and expenses), or liability (other than Taxes, which shall be governed by Section 16) incurred by them as a result of the Issuing Lender’s
indemnification of an Underlying Issuer; provided, that, (i) no Borrower shall be obligated hereunder to indemnify any such person for any such loss, cost, expense, or liability to the extent that it is caused by the bad faith,
gross negligence or willful misconduct of such person as determined pursuant to a final, non-appealable order of a court of competent jurisdiction and (ii) Canadian Borrowers shall not be obligated to indemnify for any such loss, cost, expense
or liability arising under or in connection with a US Letter of Credit. Each Borrower hereby acknowledges and agrees that none of the Issuing Lender, any other member of the Lender Group, or any Underlying Issuer shall be responsible for delays,
errors, or omissions resulting from the malfunction of equipment in connection with any Letter of Credit. 
 (f)
The obligation of Borrowers to reimburse the Issuing Lender for each drawing under each Letter of Credit shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement under all
circumstances, including the following: 
 (i) any lack of validity or enforceability of such Letter of Credit,
this Agreement, or another Loan Document, 
 (ii) the existence of any claim, counterclaim, setoff, defense or
other right that Parent or any of its Subsidiaries may have at any time against any beneficiary or any transferee of such Letter of Credit (or any Person for whom any such beneficiary or any such transferee maybe acting), the Issuing Lender or any
other Person, whether in connection with this Agreement, the transactions contemplated 

  
 23 

 
hereby or such Letter of Credit or any agreement or instrument relating thereto, or any unrelated transaction, 

(iii) any draft, demand, certificate or other document presented under such Letter of Credit proving to be forged,
fraudulent, invalid or insufficient in any respect or any statement therein being untrue or inaccurate in any respect, or any loss or delay in the transmission or otherwise of any document required in order to make a drawing under such Letter of
Credit, 
 (iv) any payment by the Issuing Lender under such Letter of Credit against presentation of a draft or
certificate that does not substantially or strictly comply with the terms of such Letter of Credit (including, without limitation, any requirement that presentation be made at a particular place or by a particular time of day), or any payment made
by the Issuing Lender under such 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, 
 (v) any other circumstance or happening whatsoever, whether or not
similar to any of the foregoing, including any other circumstance that might otherwise constitute a defense available to, or discharge of, Borrowers or any of their Subsidiaries, or 

(vi) any Event of Default shall have occurred and be continuing. 

(g) Each Borrower hereby authorizes and directs any Underlying Issuer to deliver to the Issuing Lender all instruments,
documents, and other writings and property received by such Underlying Issuer pursuant to such Underlying Letter of Credit and to accept and rely upon the Issuing Lender’s instructions with respect to all matters arising in connection with such
Underlying Letter of Credit and the related application. 
 (h) Borrowers shall pay to the Issuing Lender, for
its own account, a fronting fee equal to one quarter of one percent (0.25%) per annum, which fee shall be paid monthly in arrears on the first day of each month. Each Borrower acknowledges and agrees that any and all issuance charges, usage charges,
commissions, fees, and costs incurred by the Issuing Lender relating to Underlying Letters of Credit shall be Lender Group Expenses for purposes of this Agreement and shall be reimbursable promptly, but in any event, within one (1) Business Day
by Borrowers to Agent for the account of the Issuing Lender. 
 (i) If by reason of (i) any change after the
Closing Date in any applicable law, treaty, rule, or regulation or any change in the interpretation or application thereof by any Governmental Authority, or (ii) compliance by the Issuing Lender, any other member of the Lender Group, or
Underlying Issuer with any direction, request, or requirement (irrespective of whether having the force of law) of any Governmental Authority or monetary authority including, Regulation D of the Federal Reserve Board as from time to time in effect
(and any successor thereto): 
 (i) any reserve, deposit, or similar requirement is or shall be imposed or
modified in respect of any Letter of Credit issued or caused to be issued hereunder or hereby, or 
 (ii) there
shall be imposed on the Issuing Lender, any other member of the Lender Group, or Underlying Issuer any other condition regarding any Letter of Credit or Reimbursement Undertaking, 
 and the result of the foregoing is to increase, directly or indirectly, the cost to the Issuing Lender, any other member of the Lender Group, or an Underlying Issuer of issuing, making, participating in,
or 

  
 24 

 
maintaining any Reimbursement Undertaking or Letter of Credit or to reduce the amount receivable in respect thereof, then, and in any such case, Agent may, at any time within a reasonable period
after the additional cost is incurred or the amount received is reduced, notify Administrative Borrower, and Borrowers shall pay within thirty (30) days after demand therefor, such amounts as Agent may specify to be necessary to compensate the
Issuing Lender, any other member of the Lender Group, or an Underlying Issuer for such additional cost or reduced receipt, together with interest on such amount from the date of such demand until payment in full thereof at the rate then applicable
to Base Rate Loans hereunder; provided, that, (A) no Borrower shall be required to provide any compensation pursuant to this Section 2.9(i) for any such amounts incurred more than one hundred eighty (180) days
prior to the date on which the demand for payment of such amounts is first made to Borrowers and (B) if an event or circumstance giving rise to such amounts is retroactive, then the one hundred eighty (180) day period referred to above
shall be extended to include the period of retroactive effect thereof. The determination by Agent of any amount due pursuant to this Section 2.9(i), as set forth in a certificate setting forth the calculation thereof in reasonable
detail, shall, in the absence of manifest or demonstrable error, be final and conclusive and binding on all of the parties hereto. 
 2.10 LIBOR Option. 
 (a) Interest and Interest
Payment Dates. In lieu of having interest charged at the rate based upon the Base Rate, Borrowers shall have the option, subject to Section 2.10(b) below (the “LIBOR Option”) to have interest on all or a portion of
the Revolving Loans be charged (whether at the time when made (unless otherwise provided herein), upon conversion from a Base Rate Loan to a LIBOR Rate Loan, or upon continuation of a LIBOR Rate Loan as a LIBOR Rate Loan) at a rate of interest based
upon the LIBOR Rate. Interest on LIBOR Rate Loans shall be payable on the earliest of (i) the last day of the Interest Period applicable thereto; (ii) the date on which all or any portion of the Obligations are accelerated pursuant to the
terms hereof, or (iii) the date on which this Agreement is terminated pursuant to the terms hereof. On the last day of each applicable Interest Period, unless Borrowers properly have exercised the LIBOR Option with respect thereto, the interest
rate applicable to such LIBOR Rate Loan automatically shall convert to the rate of interest then applicable to Base Rate Loans of the same type hereunder. At any time that an Event of Default has occurred and is continuing, at the written election
of the Required Lenders, Borrowers no longer shall have the option to request that Revolving Loans bear interest at a rate based upon the LIBOR Rate. 
 (b) LIBOR Election. 
 (i) Borrowers may, at any time and
from time to time, so long as Administrative Borrower has not received a notice from Agent, after the occurrence and during the continuance of an Event of Default, of the election of the Required Lenders to terminate the right of Borrowers to
exercise the LIBOR Option during the continuance of such Event of Default, elect to exercise the LIBOR Option by notifying Agent prior to 11:00 a.m. at least three (3) Business Days prior to the commencement of the proposed Interest Period (the
“LIBOR Deadline”). Notice of Borrowers’ election of the LIBOR Option for a permitted portion of the Revolving Loans and an Interest Period pursuant to this Section shall be made by delivery to Agent of a LIBOR Notice received
by Agent before the LIBOR Deadline, or by telephonic notice received by Agent before the LIBOR Deadline (to be confirmed by delivery to Agent of a LIBOR Notice received by Agent prior to 5:00 p.m. on the same day). Promptly upon its receipt of each
such LIBOR Notice, Agent shall provide a copy thereof to each of the affected Lenders. 
 (ii) Each LIBOR Notice
shall be irrevocable and binding on each Borrower. In connection with each LIBOR Rate Loan, each Borrower shall indemnify, defend, and hold Agent and the Lenders harmless against any loss, cost, or expense actually incurred by Agent or any Lender as
a result of (A) the payment of any principal of any LIBOR Rate Loan other than on the last day of an Interest 

  
 25 

 
Period applicable thereto (including as a result of an Event of Default), (B) the conversion of any LIBOR Rate Loan other than on the last day of the Interest Period applicable thereto, or
(C) the failure to borrow, convert, continue or prepay any LIBOR Rate Loan on the date specified in any LIBOR Notice delivered pursuant hereto (such losses, costs, or expenses, “Funding Losses”). A certificate of Agent or a
Lender delivered to Borrowers setting forth in reasonable detail any amount or amounts that Agent or such Lender is entitled to receive pursuant to this Section 2.10 shall be conclusive absent manifest error. Borrowers shall pay such
amount to Agent or the Lender, as applicable, within thirty (30) days of the date of its receipt of such certificate. If a payment of a LIBOR Rate Loan on a day other than the last day of the applicable Interest Period would result in a Funding
Loss, Agent may, in its sole discretion at the request of Borrowers, hold the amount of such payment as cash collateral in support of the Obligations until the last day of such Interest Period and apply such amounts to the payment of the applicable
LIBOR Rate Loan on such last day, it being agreed that Agent has no obligation to so defer the application of payments to any LIBOR Rate Loan and that, in the event that Agent does not defer such application, Borrowers shall be obligated to pay any
resulting Funding Losses. 
 (iii) Borrowers shall have not more than ten (10) LIBOR Rate Loans and/or BA
Rate Loans in effect at any given time. Borrowers only may exercise the LIBOR Option for proposed LIBOR Rate Loans of at least $1,000,000. 
 (c) Conversion. Borrowers may convert LIBOR Rate Loans to Base Rate Loans at any time; provided, that, in the event that LIBOR Rate Loans are converted or prepaid on any date that is
not the last day of the Interest Period applicable thereto, including as a result of any prepayment through the required application by Agent of proceeds of Loan Parties’ Collections in accordance with Section 2.3(b) or for any
other reason, including early termination of the term of this Agreement or acceleration of all or any portion of the Obligations pursuant to the terms hereof, each Borrower shall indemnify, defend, and hold Agent and the Lenders and their
Participants harmless against any and all Funding Losses in accordance with Section 2.10 (b)(ii). 

(d) Special Provisions Applicable to LIBOR Rate. 

(i) The LIBOR Rate may be adjusted by Agent with respect to any Lender on a prospective basis to take into account any
additional or increased costs to such Lender of maintaining or obtaining any eurodollar deposits or increased costs, in each case, due to changes in applicable law occurring subsequent to the commencement of the then applicable Interest Period,
including changes in the reserve requirements imposed by the Board of Governors of the Federal Reserve System (or any successor), which additional or increased costs would increase the cost of funding or maintaining loans bearing interest at the
LIBOR Rate. In any such event, the affected Lender shall give Borrowers and Agent notice of such a determination and adjustment and Agent promptly shall transmit the notice to each other Lender and, upon its receipt of the notice from the affected
Lender, Borrowers may, by notice to such affected Lender (A) require such Lender to furnish to Borrowers a statement setting forth in reasonable detail the basis for adjusting such LIBOR Rate and the method for determining the amount of such
adjustment, or (B) repay the LIBOR Rate Loans of such Lender with respect to which such adjustment is made (together with any amounts due under Section 2.10(b)(ii)). 

(ii) In the event that any change in market conditions or any law, regulation, treaty, or directive, or any change therein
or in the interpretation or application thereof, shall at any time after the date hereof, in the reasonable opinion of any Lender, make it unlawful or impractical for such Lender to fund or maintain LIBOR Rate Loans or to continue such funding or
maintaining, or to determine or charge interest rates at the LIBOR Rate, such Lender shall give notice of such changed circumstances to Agent and Borrowers and Agent promptly shall transmit the notice to each other Lender and (A) in the case of
any LIBOR Rate Loans of such Lender that are outstanding, the date specified in such Lender’s 

  
 26 

 
notice shall be deemed to be the last day of the Interest Period of such LIBOR Rate Loans, and interest upon the LIBOR Rate Loans of such Lender thereafter shall accrue interest at the rate then
applicable to Base Rate Loans, and (B) Borrowers shall not be entitled to elect the LIBOR Option until such Lender determines that it would no longer be unlawful or impractical to do so. 

(iii) For purposes of this Section 2.10(d) and Section 2.15(d), the Dodd-Frank Wall Street Reform
and Consumer Protection Act, the Basel Committee on Banking Supervision (or any successor or similar authority), the Bank for International Settlements and, in each case, all rules, regulations, orders, requests, guidelines or directives in
connection therewith are deemed to have been enacted and become effective after the date of this Agreement. 

(e) No Requirement of Matched Funding. Anything to the contrary contained herein notwithstanding, neither Agent,
nor any Lender, nor any of their Participants, is required actually to acquire eurodollar deposits to fund or otherwise match fund any Obligation as to which interest accrues at the LIBOR Rate. 

2.11 Capital Requirements. 
 (a) If, after the date hereof, any Lender determines that (i) the adoption of or change in any law, rule, regulation or guideline regarding capital or reserve requirements for banks or bank holding
companies, or any change in the interpretation, implementation, or application thereof by any Governmental Authority charged with the administration thereof, or (ii) compliance by such Lender or its parent bank holding company with any
guideline, request or directive of any such entity regarding capital adequacy (whether or not having the force of law), has the effect of reducing the return on such Lender’s or such holding company’s capital as a consequence of such
Lender’s Commitments hereunder to a level below that which such Lender or such holding company could have achieved but for such adoption, change, or compliance (taking into consideration such Lender’s or such holding company’s then
existing policies with respect to capital adequacy and assuming the full utilization of such entity’s capital) by any amount deemed by such Lender to be material, then such Lender may notify Administrative Borrower and Agent thereof. Following
receipt of such notice, Borrowers agree to pay such Lender on demand the amount of such reduction of return of capital as and when such reduction is determined, payable within thirty (30) days after presentation by such Lender of a statement in
the amount and setting forth in reasonable detail such Lender’s calculation thereof and the assumptions upon which such calculation was based (which statement shall be deemed true and correct absent manifest error). In determining such amount,
such Lender may use any reasonable averaging and attribution methods. Failure or delay on the part of any Lender to demand compensation pursuant to this Section shall not constitute a waiver of such Lender’s right to demand such compensation;
provided, that, (A) no Borrower shall be required to compensate a Lender pursuant to this Section for any reductions in return incurred more than one hundred eighty (180) days prior to the date that such Lender notifies
Borrowers of such law, rule, regulation or guideline giving rise to such reductions and of such Lender’s intention to claim compensation therefore and (B) if such claim arises by reason of the adoption of or change in any law, rule,
regulation or guideline that is retroactive, then the 180-day period referred to above shall be extended to include the period of retroactive effect thereof. For purposes of this Section 2.11 (a), the Dodd-Frank Wall Street Reform and
Consumer Protection, the Basel Committee on Banking Supervision (or any successor or similar authority), the Bank for International Settlements and all rules, regulations, orders, requests, guidelines or directives in connection therewith are deemed
to have been enacted and become effective after the date of this Agreement. 
 (b) If any Lender requests
additional or increased costs referred to in Section 2.10(d)(i) or amounts under Section 2.15(d)(i) or sends a notice under Section 2.10(d)(ii) or Section 2.15(d)(ii) relative to changed circumstances
(any such Lender, an “Affected Lender”), then such Affected Lender shall use 

  
 27 

 
reasonable efforts to promptly designate a different one of its lending offices or to assign its rights and obligations hereunder to another of its offices or branches, if (i) in the
reasonable judgment of such Affected Lender, such designation or assignment would eliminate or reduce amounts payable pursuant to Section 2.10(d)(i) or Section 2.15(d)(i), as applicable, or would eliminate the illegality or
impracticality of funding or maintaining LIBOR Rate Loans or BA Rate Loans and (ii) in the reasonable judgment of such Affected Lender, such designation or assignment would not subject it to any material unreimbursed cost or expense and would
not otherwise be materially disadvantageous to it. Borrowers agree to pay all reasonable out-of-pocket costs and expenses incurred by such Affected Lender in connection with any such designation or assignment. If, after such reasonable efforts, such
Affected Lender does not so designate a different one of its lending offices or assign its rights to another of its offices or branches so as to eliminate Borrowers’ obligation to pay any future amounts to such Affected Lender pursuant to
Section 2.10(d)(i) or Section 2.15(d)(i), as applicable, or to enable Borrowers to obtain LIBOR Rate Loans or BA Rate Loans, then Borrowers (without prejudice to any amounts then due to such Affected Lender under
Section 2.10(d)(i) or Section 2.15(d)(i), as applicable) may, unless prior to the effective date of any such assignment the Affected Lender withdraws its request for such additional amounts under
Section 2.10(d)(i) or Section 2.15(d)(i), as applicable, or indicates that it is no longer unlawful or impractical to fund or maintain LIBOR Rate Loans or BA Rate Loans, may seek a substitute Lender reasonably acceptable to
Agent to purchase the Obligations owed to such Affected Lender and such Affected Lender’s Commitments hereunder (a “Replacement Lender”), and if such Replacement Lender agrees to such purchase, such Affected Lender shall assign
to the Replacement Lender its Obligations and Commitments, pursuant to an Assignment and Acceptance Agreement, and upon such purchase by the Replacement Lender, such Replacement Lender shall be deemed to be a “Lender” for purposes of this
Agreement and such Affected Lender shall cease to be a “Lender” for purposes of this Agreement. 
 2.12 Increase
in US Maximum Credit or Canadian Maximum Credit. 
 (a) Administrative Borrower may, at any time, deliver
a written request to Agent to increase the US Maximum Credit or the Canadian Maximum Credit, as applicable. Any such written request shall specify the amount of the increase in the US Maximum Credit or the Canadian Maximum Credit, as applicable,
that Borrowers are requesting, provided, that, (i) in no event shall the aggregate amount of any such increase cause the aggregate amount of the US Maximum Credit and the Canadian Maximum Credit to exceed an amount equal to
$350,000,000, (ii) such request shall be for an increase of not less than $10,000,000, (iii) any such request shall be irrevocable, (iv) in no event shall there be more than one such increase in any calendar quarter, (v) in no
event shall there be more than four (4) such increases during the term of this Agreement, and (vi) no Event of Default shall exist or have occurred and be continuing. 

(b) Upon the receipt by Agent of any such written request, Agent shall notify each of the US Lenders or each of the
Canadian Lenders, as applicable, of such request and each US Lender and each Canadian Lender, as applicable, shall have the option (but not the obligation) to increase the amount of its US Commitment or Canadian Commitment, as applicable, by an
amount up to its Pro Rata Share of the amount of the increase thereof requested by Administrative Borrower as set forth in the notice from Agent to such US Lender or Canadian Lender. Each US Lender or each Canadian Lender, as applicable, shall
notify Agent within fifteen (15) days after the receipt of such notice from Agent whether it is willing to so increase its US Commitment or Canadian Commitment, as applicable, and if so, the amount of such increase; provided,
that, (i) the minimum increase in the US Commitments of each such US Lender providing the additional US Commitments, or in the Canadian Commitments of each such Canadian Lender providing the additional Canadian Commitments, shall equal
or exceed $2,500,000, and (ii) no US Lender or Canadian Lender, as applicable, shall be obligated to provide such increase in its US Commitment or Canadian Commitment and the determination to increase the US Commitment of a US Lender or the
Canadian Commitment of a Canadian Lender shall be within the sole and absolute discretion of such US Lender or Canadian Lender. If the aggregate amount of the increases in the US 

  
 28 

 
Commitments received from the US Lenders or the aggregate amount of the increases in the Canadian Commitments received from the Canadian Lenders, as applicable, does not equal or exceed the
amount of the increase in the US Maximum Credit or Canadian Maximum Credit, as applicable, requested by Borrowers, Agent may seek additional increases from US Lenders or Canadian Lenders, as applicable, or US Commitments or Canadian Commitments, as
applicable, from such Eligible Transferees as it may determine, after consultation with Borrowers. In the event US Lenders or Canadian Lender, as applicable, (or US Lenders or Canadian Lenders, as applicable, and any such Eligible Transferees, as
the case may be) have committed in writing to provide increases in their US Commitments or Canadian Commitments, as applicable, or new US Commitments or new Canadian Commitments in an aggregate amount in excess of the increase in the US Maximum
Credit or Canadian Maximum Credit requested by Administrative Borrower or permitted hereunder, Agent shall then have the right to allocate such commitments, first to US Lenders or Canadian Lenders, as applicable, and then to Eligible Transferees, in
such amounts and manner as Agent may determine, after consultation with Borrowers. 
 (c) The US Maximum Credit
or the Canadian Maximum Credit, as applicable, shall be increased by the amount of the increase in the applicable US Commitments or Canadian Commitments from Lenders or new US Commitments or Canadian Commitments, as applicable, from Eligible
Transferees, in each case selected in accordance with Section 2.12(b) above, for which Agent has received Assignment and Acceptances thirty (30) days after the date of the request by Administrative Borrower for the increase or such
earlier date as Agent and Administrative Borrower may agree (but subject to the satisfaction of the conditions set forth below), whether or not the aggregate amount of the increase in US Commitments and new US Commitments, as the case may be, or in
Canadian Commitments and new Canadian Commitments, as the case may be less than, equal to or exceed the amount of the increase in the US Maximum Credit or Canadian Maximum Credit, as applicable, requested by Administrative Borrower in accordance
with the terms hereof (provided, that, in the event that the aggregate amount of the increase in Commitments and/or new Commitments offered by Lenders or Eligible Transferees in response to the request of Agent as described above is greater than the
aggregate amount requested, Administrative Borrower may, at its option, elect to increase the Commitments to such greater amount, so long as Administrative Borrower gives prompt and timely written notice to Agent of the exercise of such option),
effective on the date that each of the following conditions have been satisfied: 
 (i) Agent shall have received
from each US Lender or Canadian Lender, as applicable, or Eligible Transferee that is providing an additional US Commitment or Canadian Commitment as part of the increase in the US Maximum Credit or Canadian Maximum Credit, an Assignment and
Acceptance duly executed by such US Lender or Canadian Lender, as applicable, or Eligible Transferee and Borrowers, provided, that, the aggregate US Commitments or Canadian Commitments set forth in such Assignment and Acceptance(s)
shall be not less than $1,000,000; 
 (ii) the conditions precedent to the making of Revolving Loans set forth in
Section 3.2 shall be satisfied as of the date of the increase in the US Maximum Credit or the Canadian Maximum Credit, both before and after giving effect to such increase; 

(iii) such increase in the US Maximum Credit or the Canadian Maximum Credit, as applicable, on the date of the
effectiveness thereof, shall not violate any applicable law, regulation or order or decree of any court or other Governmental Authority and shall not be enjoined, temporarily, preliminarily or permanently; 

(iv) there shall have been paid to each US Lender or Canadian Lender, as applicable, and Eligible Transferee providing an
additional US Commitment or Canadian Commitment in connection 

  
 29 

 
with such increase in the US Maximum Credit or Canadian Maximum Credit all fees and expenses due and payable to such Person on or before the effectiveness of such increase; and 

(v) there shall have been paid to Agent, for the account of the Agent and US Lenders or Canadian Lenders, as applicable
(in accordance with any agreement among them) all fees and expenses (including reasonable fees and expenses of counsel) due and payable pursuant to any of the Loan Documents on or before the effectiveness of such increase. 

(d) As of the effective date of any such increase in the US Maximum Credit or Canadian Maximum Credit, each reference to
the term US Commitments and US Maximum Credit herein, as applicable, or the term Canadian Commitments and Canadian Maximum Credit, as applicable, and in any of the other Loan Documents shall be deemed amended to mean the amount of the US Commitments
and US Maximum Credit or the amount of the Canadian Commitments and Canadian Maximum Credit, as applicable, specified in the most recent written notice from Agent to Administrative Borrower of the increase in the US Commitments and US Maximum
Credit, as applicable, or in the increase in the Canadian Commitments and Canadian Maximum Credit, as applicable. 
 (e) Effective on the date of each increase in the US Maximum Credit pursuant to this Section 2.12, each reference in this Agreement to an amount of US Excess Availability shall, automatically and
without any further action, be deemed to be increased so that the ratio of the amount of US Excess Availability to the amount of the US Maximum Credit after such increase in the US Maximum Credit remains the same as the ratio of such the amount of
US Excess Availability to the amount of the US Maximum Credit prior to such increase in the US Maximum Credit. 

(f) Effective on the date of each increase in the Canadian Maximum Credit pursuant to this Section 2.12, each
reference in this Agreement to an amount of Canadian Excess Availability shall, automatically and without any further action, be deemed to be increased so that the ratio of the amount of Canadian Excess Availability to the amount of the Canadian
Maximum Credit after such increase in the Canadian Maximum Credit remains the same as the ratio of such the amount of Canadian Excess Availability to the amount of the Canadian Maximum Credit prior to such increase in the Canadian Maximum Credit.

 2.13 Defaulting Lenders. 

(a) Defaulting Lender Adjustments. Notwithstanding anything to the contrary contained in this Agreement, if any
Lender becomes a Defaulting Lender, then, until such time as such Lender is no longer a Defaulting Lender, to the extent permitted by applicable law: 
 (i) Waivers and Amendments. Such Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent with respect to this Agreement shall be restricted as set forth in the
definitions of Required Lenders and Supermajority Lenders and as set forth in Section 14.1(e). 
 (ii)
Defaulting Lender Waterfall. Any payment of principal, interest, fees or other amounts received by Agent for the account of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Section 8 or otherwise)
or received by Agent from a Defaulting Lender pursuant to Section 16.1 shall be applied at such time or times as may be determined by Agent as follows: first, to the payment of any amounts owing by such Defaulting Lender to Agent
hereunder; second, to the payment on a pro rata basis of any amounts owing by such Defaulting Lender to any Issuing Lender or Swing Lender hereunder; third, to provide cash collateral for the Issuing Lenders’ Fronting Exposure
with respect to such Defaulting Lender in accordance with Section 2.13(e) below; fourth, as Administrative Borrower may request (so long as no Default or Event of Default exists or has occurred and is continuing),

  
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to the funding of any Revolving Loan in respect of which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by Agent; fifth, if so
determined by Agent and Administrative Borrower, to be held in a deposit account and released pro rata in order to (A) satisfy such Defaulting Lender’s potential future funding obligations with respect to Revolving Loans (including Swing
Loans, Protective Advances and Overadvances) under this Agreement and (B) provide cash collateral for the benefit of Issuing Lenders with respect to future Fronting Exposure of Issuing Lenders; sixth, to the payment of any amounts owing
to Lenders, the Issuing Lenders or Swing Lenders as a result of any judgment of a court of competent jurisdiction obtained by any Lender, the Issuing Lenders or Swing Lenders against such Defaulting Lender as a result of such Defaulting
Lender’s breach of its obligations under this Agreement; seventh, so long as no Default or Event of Default shall exist or have occurred and be continuing, to the payment of any amounts owing to Parent as a result of any judgment of a
court of competent jurisdiction obtained by Parent against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; and eighth, to such Defaulting Lender or as otherwise directed by a
court of competent jurisdiction; provided, that, if (A) such payment is a payment of the principal amount of any Revolving Loans or Letter of Credit Disbursements in respect of which such Defaulting Lender has not fully funded its
appropriate share, and (B) such Revolving Loans were made or the related Letters of Credit were issued at a time when the conditions set forth in Section 3.2 were satisfied and waived, such payment shall be applied solely to pay the
Revolving Loans of, and Letter of Credit Disbursements owed to, all Non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Revolving Loans of, or Letter of Credit Disbursements owed to, such Defaulting Lender until
such time as all Revolving Loans and funded and unfunded participations in Obligations in respect of Letters of Credit and Swing Loans are held by the Lenders pro rata in accordance with the Commitments without giving effect to
Section 2.13(a)(iv). Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post cash collateral pursuant to
Section 2.13(e) shall be deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably consents hereto. 
 (iii) Certain Fees. 
 (A) No Defaulting Lender shall be
entitled to receive any unused line fee under Section 2.8(c) for any period during which that Lender is a Defaulting Lender (and Borrowers shall not be required to pay any such fee that otherwise would have been required to have been
paid to such Defaulting Lender). 
 (B) Each Defaulting Lender shall be entitled to receive letter of credit
fees under Section 2.8(b) for any period during which that Lender is a Defaulting Lender only to the extent allocable to its Pro Rata Share of the stated amount of Letters of Credit for which it has provided cash collateral pursuant to
Section 2.13(e). 
 (C) With respect to any Letter of Credit Fee not required to be paid to any
Defaulting Lender pursuant to clause (i) or (ii) above, Borrowers shall (A) pay to each Non-Defaulting Lender that portion of any such fee otherwise payable to such Defaulting Lender with respect to such Defaulting Lender’s
participation in Obligations in respect of Letters of Credit or Swing Loans that has been reallocated to such Non-Defaulting Lender pursuant to clause (c) below, (B) pay to each Issuing Lender and Swing Lender, as applicable, the amount of
any such fee otherwise payable to such Defaulting Lender to the extent allocable to such Issuing Lender’s or Swing Lender’s Fronting Exposure to such Defaulting Lender, and (C) not be required to pay the remaining amount of any such
fee. 
 (iv) Reallocation of Participations to Reduce Fronting Exposure. All or any part of such
Defaulting Lender’s participation in Letters of Credit and Swing Loans shall be reallocated among the Non-Defaulting Lenders in accordance with their respective Pro Rata Shares (calculated without regard to

  
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such Defaulting Lender’s Commitment) but only to the extent that (A) the conditions set forth in Section 3.2 are satisfied at the time of such reallocation (and, unless
Borrowers shall have otherwise notified the Agent at such time, Borrowers shall be deemed to have represented and warranted that such conditions are satisfied at such time), and (B) such reallocation does not cause the aggregate outstanding
Revolving Loans and participations in Letters of Credit, Swing Loans and Overadvances of any Non-Defaulting Lender to exceed such Non-Defaulting Lender’s Commitment. No reallocation hereunder shall constitute a waiver or release of any claim of
any party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following such
reallocation. 
 (v) Cash Collateral, Repayment of Swing Loans. If the reallocation described in clause
(iv) above cannot, or can only partially, be effected, Borrowers shall, without prejudice to any right or remedy available to it hereunder or under law, (A) first, prepay Swing Loans in an amount equal to the Swing Lenders’ Fronting
Exposure and (B) second, provide cash collateral for the Issuing Lenders’ Fronting Exposure in accordance with Section 2.13(e). 
 (b) Defaulting Lender Cure. If Borrowers, Agent, Swing Lender and Issuing Lender agree in writing that a Lender is no longer a Defaulting Lender, 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 Lender will, to the extent applicable, purchase at par that portion of
outstanding Loans of the other Lenders or take such other actions as the Agent may determine to be necessary to cause the Loans and funded and unfunded participations in Letters of Credit and Swing Loans to be held pro rata by the Lenders in
accordance with the Commitments (without giving effect to Section 2.13(a)(iv)), whereupon such Lender will cease to be a Defaulting Lender; provided, that, (i) no adjustments will be made retroactively with respect to
fees accrued or payments made by or on behalf of the Borrowers while that Lender was a Defaulting Lender; and (ii) except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender
will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender. 
 (c) New Swing Loans/Letters of Credit. So long as any Lender is a Defaulting Lender, (i) the Swing Lender shall not be required to fund any Swing Loans unless it is satisfied that it will have
no Fronting Exposure after giving effect to such Swing Loan and (ii) no Issuing Lender or Underlying Issuer shall be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure
after giving effect thereto. 
 (d) Counterparties. So long as any Lender is a Defaulting Lender, such
Lender shall not be a counterparty with respect to any Hedge Agreement which gives rise to a Hedge Obligation entered into while such Lender was a Defaulting Lender. 

(e) Cash Collateral. At any time that there shall exist a Defaulting Lender, within one (1) Business Day
following the written request of Agent or any Issuing Lender (with a copy to Agent), Borrowers shall provide cash collateral to secure the Fronting Exposure of the Issuing Lenders with respect to such Defaulting Lender (determined after giving
effect to Section 2.13(a)(iv) above and any cash collateral provided by such Defaulting Lender) in an amount not less than one hundred three percent (103%) of the Fronting Exposure of the Issuing Lenders. 

(i) Grant of Security Interest. Borrowers, and to the extent provided by any Defaulting Lender, such Defaulting
Lender, hereby grants to, for the benefit of the Issuing Lenders, and agrees to maintain, a first priority security interest in all such cash collateral as security for the Defaulting Lenders’ obligation to fund participations in respect of
Obligations in connection with Letters of Credit, to be 

  
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applied pursuant to clause (e)(ii) below. If at any time Agent determines that such cash collateral is subject to any right or claim of any Person other than Agent and Issuing Lenders as herein
provided (other than the Permitted Liens), or that the total amount of such cash collateral is less than the amount specified above, Borrowers shall, promptly upon demand by Agent, pay or provide to Agent additional cash collateral in an amount
sufficient to eliminate such deficiency (after giving effect to any cash collateral provided by the Defaulting Lender). 
 (ii) Application. Notwithstanding anything to the contrary contained in this Agreement, cash collateral provided under this Section in respect of Letters of Credit shall be applied to the
satisfaction of the Defaulting Lender’s obligation to fund participations in respect of Obligations in connection with Letters of Credit (including, as to cash collateral provided by a Defaulting Lender, any interest accrued on such obligation)
for which the cash collateral was so provided, prior to any other application of such property as may otherwise be provided for herein. 
 (iii) Termination of Requirement. Cash collateral (or the appropriate portion thereof) provided to reduce any Issuing Lender’s Fronting Exposure shall no longer be required to be held as cash
collateral pursuant to this Section following (A) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (B) the determination by Agent and each Issuing
Lender that there exists excess cash collateral; provided that, (1) the Person providing cash collateral and each Issuing Lender may agree that cash collateral shall be held to support future anticipated Fronting Exposure or other obligations
and (2) to the extent that such cash collateral was provided by Borrowers, such cash collateral shall remain subject to the security interest granted pursuant to the Loan Documents. 

2.14 Joint and Several Liability of Borrowers. 

(a) Each US Borrower is accepting joint and several liability hereunder and under the other Loan Documents in
consideration of the financial accommodations to be provided by the Lender Group under this Agreement, for the mutual benefit, directly and indirectly, of each Borrower and in consideration of the undertakings of the other Borrowers to accept joint
and several liability for the Obligations. 
 (b) Each US Borrower, jointly and severally, hereby irrevocably and
unconditionally accepts, not merely as a surety but also as a co-debtor, joint and several liability with the other Borrowers, with respect to the payment and performance of all of the Obligations (including any Obligations arising under this
Section 2.14), it being the intention of the parties hereto that all the Obligations shall be the joint and several obligations of each Borrower without preferences or distinction among them. 

(c) If and to the extent that any Borrower shall fail to make any payment with respect to any of the Obligations as and
when due or to perform any of the Obligations in accordance with the terms thereof, then in each such event the other US Borrowers will make such payment with respect to, or perform, such Obligation until such time as all of the Obligations are paid
in full. 
 (d) The Obligations of each Borrower under the provisions of this Section 2.14 constitute
the absolute and unconditional, full recourse Obligations of each Borrower enforceable against each Borrower to the full extent of its properties and assets, irrespective of the validity, regularity or enforceability of the provisions of this
Agreement (other than this Section 2.14(d)) or any other circumstances whatsoever. 
 (e) Except as
otherwise expressly provided in this Agreement, each Borrower hereby waives notice of acceptance of its joint and several liability, notice of any Revolving Loans or Letters of Credit 

  
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issued under or pursuant to this Agreement, notice of the occurrence of any Default, Event of Default, or of any demand for any payment under this Agreement, notice of any action at any time
taken or omitted by Agent or Lenders under or in respect of any of the Obligations, any requirement of diligence or to mitigate damages and, generally, to the extent permitted by applicable law, all demands, notices and other formalities of every
kind in connection with this Agreement (except as otherwise provided in this Agreement). Each Borrower hereby assents to, and waives notice of, any extension or postponement of the time for the payment of any of the Obligations, the acceptance of
any payment of any of the Obligations, the acceptance of any partial payment thereon, any waiver, consent or other action or acquiescence by Agent or Lenders at any time or times in respect of any default by any Borrower in the performance or
satisfaction of any term, covenant, condition or provision of this Agreement, any and all other indulgences whatsoever by Agent or Lenders in respect of any of the Obligations, and the taking, addition, substitution or release, in whole or in part,
at any time or times, of any security for any of the Obligations or the addition, substitution or release, in whole or in part, of any Borrower. Without limiting the generality of the foregoing, each Borrower assents to any other action or delay in
acting or failure to act on the part of any Agent or Lender with respect to the failure by any Borrower to comply with any of its respective Obligations, including, without limitation, any failure strictly or diligently to assert any right or to
pursue any remedy or to comply fully with applicable laws or regulations thereunder, which might, but for the provisions of this Section 2.14 afford grounds for terminating, discharging or relieving any Borrower, in whole or in part,
from any of its Obligations under this Section 2.14, it being the intention of each Borrower that, so long as any of the Obligations hereunder remain unsatisfied, the Obligations of each Borrower under this Section 2.14 shall
not be discharged except by performance and then only to the extent of such performance. The Obligations of each Borrower under this Section 2.14 shall not be diminished or rendered unenforceable by any winding up, reorganization,
arrangement, liquidation, reconstruction or similar proceeding with respect to any other Borrower or any Agent or Lender. 
 (f) Each Borrower represents and warrants to Agent and Lenders that such Borrower is currently informed of the financial condition of Borrowers and of all other circumstances which a diligent inquiry
would reveal and which bear upon the risk of nonpayment of the Obligations. Each Borrower further represents and warrants to Agent and Lenders that such Borrower has read and understands the terms and conditions of the Loan Documents. Each Borrower
hereby covenants that such Borrower will continue to keep informed of Borrowers’ financial condition and of all other circumstances which bear upon the risk of nonpayment or nonperformance of the Obligations. 

(g) The provisions of this Section 2.14 are made for the benefit of Agent, each member of the Lender Group,
each Bank Product Provider, and their respective successors and assigns, and may be enforced by it or them from time to time against any or all Borrowers as often as occasion therefor may arise and without requirement on the part of Agent, any
member of the Lender Group, any Bank Product Provider, or any of their successors or assigns first to marshal any of its or their claims or to exercise any of its or their rights against any Borrower or to exhaust any remedies available to it or
them against any Borrower or to resort to any other source or means of obtaining payment of any of the Obligations hereunder or to elect any other remedy. The provisions of this Section 2.14 shall remain in effect until all of the
Obligations shall have been paid in full or otherwise fully satisfied. If at any time, any payment, or any part thereof, made in respect of any of the Obligations, is rescinded or must otherwise be restored or returned by Agent or any Lender upon
the insolvency, bankruptcy or reorganization of any Borrower, or otherwise, the provisions of this Section 2.14 will forthwith be reinstated in effect, as though such payment had not been made. 

(h) Each Borrower hereby agrees that it will not enforce any of its rights of contribution or subrogation against any
other Borrower with respect to any liability incurred by it hereunder or under any of the other Loan Documents, any payments made by it to Agent or Lenders with respect to any of the Obligations or any collateral security therefor until such time as
all of the Obligations have been paid in 

  
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full in cash. Any claim which any Borrower may have against any other Borrower with respect to any payments to any Agent or any member of the Lender Group hereunder or under any of the Bank
Product Agreements are hereby expressly made subordinate and junior in right of payment, without limitation as to any increases in the Obligations arising hereunder or thereunder, to the prior payment in full in cash of the Obligations and, in the
event of any insolvency, bankruptcy, receivership, liquidation, reorganization or other similar proceeding under the laws of any jurisdiction relating to any Borrower, its debts or its assets, whether voluntary or involuntary, all such Obligations
shall be paid in full in cash before any payment or distribution of any character, whether in cash, securities or other property, shall be made to any other Borrower therefor. 

(i) Each Borrower hereby agrees that after the occurrence and during the continuance of any Default or Event of Default,
such Borrower will not demand, sue for or otherwise attempt to collect any indebtedness of any other Borrower owing to such Borrower until the Obligations shall have been paid in full in cash. If, notwithstanding the foregoing sentence, such
Borrower shall collect, enforce or receive any amounts in respect of such indebtedness, such amounts shall be collected, enforced and received by such Borrower as trustee for Agent, and such Borrower shall deliver any such amounts to Agent for
application to the Obligations in accordance with Section 2.3(b). 
 2.15 BA Rate Option. 

(a) Interest and Interest Payment Dates. In lieu of having interest charged at the rate based upon the Base Rate,
Canadian Borrowers shall have the option, subject to Section 2.15(b) below (the “BA Rate Option”) to have interest on all or a portion of the Canadian Revolving Loans to be made in Canadian Dollars be charged (whether at
the time when made (unless otherwise provided herein), upon conversion from a Base Rate Loan to a BA Rate Loan, or upon continuation of a BA Rate Loan as a BA Rate Loan) at a rate of interest based upon the BA Rate. Interest on BA Rate Loans shall
be payable on the earliest of (i) the last day of the Interest Period applicable thereto; (ii) the date on which all or any portion of the Obligations become due and payable pursuant to the terms hereof, or (iii) the date on which
this Agreement is terminated pursuant to the terms hereof. On the last day of each applicable Interest Period, unless Canadian Borrowers properly have exercised the BA Rate Option with respect thereto, the interest rate applicable to such BA Rate
Loan automatically shall convert to the rate of interest then applicable to Base Rate Loans in Canadian Dollars. At any time that an Event of Default has occurred and is continuing, at the written election of the Required Lenders, Borrowers no
longer shall have the option to request that Canadian Revolving Loans made in Canadian Dollars bear interest at a rate based upon the BA Rate. 
 (b) BA Rate Election. 
 (i) Canadian Borrowers may, at any
time and from time to time, so long as Borrowers have not received a notice from Agent, after the occurrence and during the continuance of an Event of Default, of the election of the Required Lenders to terminate the right of Canadian Borrowers to
exercise the BA Rate Option during the continuance of such Event of Default, elect to exercise the BA Rate Option by notifying Agent prior to 11:00 a.m., at least three (3) Business Days prior to the commencement of the proposed Interest Period
(the “BA Rate Deadline”). Notice of Canadian Borrowers’ election of the BA Rate Option for a portion of the Revolving Loans to be made in Canadian Dollars and an Interest Period pursuant to this Section 2.15(b)
shall be made by delivery to Agent of a BA Rate Notice received by Agent before the BA Rate Deadline, or by telephonic notice received by Agent before the BA Rate Deadline (to be confirmed by delivery to Agent of a BA Rate Notice received by Agent
prior to 5:00 p.m., on the same day). Promptly upon its receipt of each such BA Rate Notice, Agent shall provide a copy thereof to each of the affected Lenders. 

  
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 (ii) Each BA Rate Notice shall be irrevocable and binding on Borrowers. In
connection with each BA Rate Loan, Borrowers shall, jointly and severally indemnify, defend, and hold Agent and the Lenders harmless against any loss, cost, or expense actually incurred by Agent or any Lender as a result of (A) the payment of
any principal of any BA Rate Loan other than on the last day of an Interest Period applicable thereto (including as a result of an Event of Default), (B) the conversion of any BA Rate Loan other than on the last day of the Interest Period
applicable thereto, or (C) the failure to borrow, convert, continue or prepay any BA Rate Loan on the date specified in any BA Rate Notice delivered pursuant hereto (such losses, costs, or expenses, “BA Funding Losses”). A
certificate of Agent or a Lender delivered to Administrative Borrower setting forth in reasonable detail any amount or amounts that Agent or such Lender is entitled to receive pursuant to this Section 2.15 shall be conclusive absent
manifest error. Borrowers shall pay such amount to Agent or the Lender, as applicable, within thirty (30) days of the date of its receipt of such certificate. If a payment of a BA Rate Loan on a day other than the last day of the applicable
Interest Period would result in a BA Funding Loss, Agent may, in its sole discretion at the request of Administrative Borrower, hold the amount of such payment as cash collateral in support of the Obligations until the last day of such Interest
Period and apply such amounts to the payment of the applicable BA Rate Loan on such last day, it being agreed that Agent has no obligation to so defer the application of payments to any BA Rate Loan and that, in the event that Agent does not defer
such application, Borrowers shall be obligated to pay any resulting BA Funding Losses. 
 (iii) Borrowers shall
have not more than ten (10) BA Rate Loans and/or LIBOR Rate Loans in effect at any given time. Borrowers may only exercise the BA Rate Option for proposed BA Rate Loans of at least C$1,000,000. 

(c) Conversion. Borrowers may convert Base Rate Loans in Canadian Dollars to BA Rate Loans at any time by
exercising the BA Rate Option. Borrowers may convert BA Rate Loans to Base Rate Loans at any time; provided, that, in the event that BA Rate Loans are converted or prepaid on any date that is not the last day of the Interest Period
applicable thereto, including as a result of any automatic prepayment through the required application by Agent of proceeds of Borrowers’ and their Restricted Subsidiaries’ Collections in accordance with Section 2.3(b) or for
any other reason, including early termination of the term of this Agreement or acceleration of all or any portion of the Obligations pursuant to the terms hereof, Borrowers shall, jointly and severally indemnify, defend, and hold Agent and the
Lenders harmless against any and all BA Funding Losses in accordance with Section 2.15(b)(ii). 
 (d)
Special Provisions Applicable to BA Rate. 
 (i) The BA Rate may be adjusted by Agent with respect to any
Lender on a prospective basis to take into account any additional or increased costs to such Lender of maintaining or obtaining any funding for BA Rate Loans or increased costs, in each case, due to changes in applicable law occurring subsequent to
the commencement of the then applicable Interest Period, which additional or increased costs would increase the cost of funding or maintaining loans bearing interest at the BA Rate. In any such event, the affected Lender shall give Administrative
Borrower and Agent notice of such a determination and adjustment and Agent promptly shall transmit the notice to each other Lender and, upon its receipt of the notice from the affected Lender, Administrative Borrower may, by notice to such affected
Lender (A) require such Lender to furnish to Administrative Borrower a statement setting forth the basis for adjusting such BA Rate and the method for determining the amount of such adjustment, or (B) repay the BA Rate Loans with respect
to which such adjustment is made (together with any amounts due under Section 2.15(b)(ii)). 
 (ii)
In the event that any change in market conditions or any law, regulation, treaty, or directive, or any change therein or in the interpretation or application thereof, shall at any time after the date hereof, in the reasonable opinion of any Lender,
make it unlawful or impractical for such Lender to 

  
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fund or maintain BA Rate Loans or to continue such funding or maintaining, or to determine or charge interest rates at the BA Rate, such Lender shall give notice of such changed circumstances to
Agent and Administrative Borrower and Agent promptly shall transmit the notice to each other Lender and (A) in the case of any BA Rate Loans of such Lender that are outstanding, the date specified in such Lender’s notice shall be deemed to
be the last day of the Interest Period of such BA Rate Loans, and interest upon the BA Rate Loans of such Lender thereafter shall accrue interest at the rate then applicable to Base Rate Loans, and (B) Borrowers shall not be entitled to elect
the BA Rate Option until such Lender determines that it would no longer be unlawful or impractical to do so. 

(e) No Requirement of Matched Funding. Anything to the contrary contained herein notwithstanding, neither Agent,
nor any Lender, nor any of their Participants, is required actually to issue bills of exchange or depository notes to fund or otherwise match fund any Obligation as to which interest accrues at the BA Rate. 

3. CONDITIONS; TERM OF AGREEMENT. 
 3.1 Conditions Precedent to the Initial Extension of Credit. Subject to Section 3.6, the obligation of each Lender to make its initial extension of credit provided for hereunder is
subject to the fulfillment, to the satisfaction of Agent and each Lender, of each of the conditions precedent set forth on Schedule 3.1 (the making of such initial extension of credit by a Lender being conclusively deemed to be its
satisfaction or waiver of the conditions precedent). 
 3.2 Conditions Precedent to all Extensions of Credit.
Subject to Section 3.6, the obligation of the Lender Group (or any member thereof) to make any Revolving Loans hereunder (or to issue any Letter of Credit or amend or extend any Letter of Credit) at any time shall be subject to the following
conditions precedent: 
 (a) as of the date of any such Revolving Loan (or other extension of credit) and after
giving effect thereto, the representations and warranties of Parent or its Subsidiaries contained in this Agreement or in the other Loan Documents that are qualified as to materiality or Material Adverse Effect shall be true and correct and the
representations and warranties that are not so qualified shall be true and correct in all material respects on and as of the date of such extension of credit, as though made on and as of such date (except to the extent that such representations and
warranties relate solely to an earlier date); 
 (b) as of the date of any such Revolving Loan (or other
extension of credit) and after giving effect thereto, no Default or Event of Default shall exist or have occurred and be continuing; 
 (c) as of the date of any such Revolving Loan (or other extension of credit) and after giving effect thereto, the (i) the outstanding principal amount of US Revolving Loans and US Swing Loans plus
the US Letter of Credit Usage shall not exceed the lesser of the US Borrowing Base or the US Maximum Credit and (ii) outstanding principal amount of Canadian Revolving Loans and Canadian Swing Loans plus the Canadian Letter of Credit Usage
shall not exceed the lesser of the Canadian Borrowing Base or the Canadian Maximum Credit; and 
 (d) as of the
date of any such Revolving Loan (or other extension of credit) and after giving effect thereto, the outstanding principal amount of the Loans plus the Letter of Credit Usage shall not exceed the Existing Note Secured Debt Limit and upon Agent’s
request, Agent shall have received such certificate in form and substance reasonably satisfactory to Agent, from an Authorized Person so stating (provided, that, in the event of an Overadvance as a result of the establishment of a new
category of reserves or a change in the methodology of the calculation of an existing reserve, or as a result of the making of a Loan other than at the request of a Borrower (or Administrative Borrower on behalf of any

  
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Borrower), whether a Protective Advance or by charging the Loan Account, such amounts shall only be required to be included in the certificate to the extent Agent has provided notice thereof to
Administrative Borrower or Administrative Borrower otherwise has knowledge thereof). 
 3.3 Maturity. This
Agreement shall continue in full force and effect for a term ending on December 21, 2016 (the “Maturity Date”), subject to the rights of the Lender Group to terminate the Commitments as provided in Section 9 and the
rights of Borrowers as provided in Section 3.5. 
 3.4 Effect of Maturity. On the Maturity Date, all
commitments of the Lender Group to provide additional credit hereunder shall automatically be terminated and all of the Obligations immediately shall become due and payable without notice or demand and Borrowers shall be required to repay all of the
Obligations in full. No termination of the obligations of the Lender Group (other than payment in full of the Obligations and termination of the Commitments) shall relieve or discharge any Loan Party of its duties, obligations, or covenants
hereunder or under any other Loan Document and Agent’s Liens in the Collateral shall continue to secure the Obligations and shall remain in effect until all Obligations have been paid in full and the Commitments have been terminated. When all
of the Obligations have been paid in full and the Lender Group’s obligations to provide additional credit under the Loan Documents have been terminated irrevocably, Agent will, at Borrowers’ sole expense, execute and deliver any
termination statements, lien releases, discharges of security interests, and other similar discharge or release documents (and, if applicable, in recordable form) as are reasonably necessary to release, as of record, Agent’s Liens and all
notices of security interests and liens previously filed by Agent and Loan Parties shall execute and deliver to Agent a release of Agent and Lenders in form and substance reasonably satisfactory to Agent. 

3.5 Early Termination by Borrowers. Borrowers have the option, at any time upon reasonable prior written notice to Agent
(but in any event not less than three (3) Business Days), to terminate this Agreement and terminate the Commitments hereunder by repaying to Agent all of the Obligations in full. 

3.6 Certain Funds. Notwithstanding anything to the contrary in this Article 3, to the extent that any Collateral (or the
creation or perfection of any security interest therein), in each case intended to be made or granted is not or cannot be made or granted on the Closing Date (other than (i) Code and PPSA lien searches, (ii) the pledge and perfection of
Collateral with respect to which a Lien may be perfected upon the Closing Date solely by the filing of financing statements under the Code or the PPSA or by the filing of an notice with the United States Patent and Trademark Office, the United
States Copyright Office or the Canadian Intellectual Property Office and (iii) the pledge and perfection of security interests in the Equity Interests of each Domestic and Canadian Subsidiary of a Loan Party after giving effect to the
ColorMatrix Acquisition (other than an Excluded Subsidiary) in each case with respect to which a Lien may be perfected upon the Closing Date by the delivery of a stock certificate to the extent such Equity Interests are evidenced by a stock
certificate) after use by Loan Parties of commercially reasonable efforts to do so or without undue burden or expense, then the provision of any such Collateral (or creation or perfection of a security interest therein) shall not constitute a
condition precedent to the initial funding under this Agreement on the Closing Date, but shall be required to be delivered within the time periods specified in Schedule 5.16. It is acknowledged and agreed that the Loan Documents, other documents and
tasks to be completed set forth in Schedule 5.16 shall not be provided or completed on the Closing Date but shall be delivered or completed within the periods specified in Schedule 5.16 (or such longer period as the Agent, in its reasonable
discretion, shall hereafter agree). 
 4. REPRESENTATIONS AND WARRANTIES. 

In order to induce the Lender Group to enter into this Agreement, each Loan Party makes the following representations and warranties to
the Lender Group which shall be true, correct, and complete, in all material respects (except that such materiality qualifier shall not be applicable to any representations 

  
 38 

 
and warranties that already are qualified or modified by materiality in the text thereof), as of the Closing Date, and shall be true, correct, and complete, in all material respects (except that
such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof), as of the date of the making of each Loan (or other extension of credit) made
thereafter, as though made on and as of the date of such Loan (or other extension of credit) (except to the extent that such representations and warranties relate solely to an earlier date) and such representations and warranties shall survive the
execution and delivery of this Agreement: 
 4.1 Due Organization and Qualification; Subsidiaries. 

(a) Each Loan Party (i) is duly organized or formed, validly existing and, as applicable, in good standing under the
Laws of the jurisdiction of its incorporation or organization, (ii) has all requisite corporate or other organizational power and authority to (A) own or lease its assets and carry on its business and (B) execute, deliver and perform
its obligations under the Loan Documents to which it is a party and consummate the Transactions, and (iii) is duly qualified and is licensed and, as applicable, in good standing under the laws of each jurisdiction where its ownership, lease or
operation of properties or the conduct of its business requires such qualification or license; in each case referred to in clause (ii)(A) or (iii), where the failure to do so has, or could reasonably be expected to have, a Material Adverse Effect.

 (b) As of the Closing Date, Parent has no Subsidiaries other than those specifically disclosed in Schedule
4.1, and as of the Closing Date all of the outstanding Equity Interests in such Subsidiaries have been validly issued, are fully paid and non-assessable and are owned by a Loan Party in the amounts specified on Schedule 4.1 free and clear
of all Liens except those created under the Loan Documents, the Term Loan Documents, the 2015 Note Security Agreement, the Series G Guarantee Security Agreements and any Liens described in clause (c) of the definition of the term Permitted
Liens, if any. 
 4.2 Due Authorization; No Conflict. 

(a) As to each Loan Party, the execution, delivery, and performance by such Loan Party of the Loan Documents to which it
is a party have been duly authorized by all necessary corporate or organizational action on the part of such Loan Party. 
 (b) Neither the execution and delivery of this Agreement or the other Loan Documents by any Loan Party nor the consummation of the Transactions, nor compliance with the terms and provisions hereof or
thereof by any of them will conflict with, constitute a default under or result in (a) any breach of (i) the terms and conditions of the certificate of incorporation, bylaws, certificate of limited partnership, limited partnership
agreement, partnership agreement, certificate of formation, limited liability company agreement or other Governing Documents of any Loan Party or (ii) any Law or any material agreement or instrument or order, writ, judgment, injunction or
decree to which any Loan Party or any of its Subsidiaries is a party or by which it or any of its Subsidiaries is bound or to which it is subject, where such conflict or default has, or would reasonably be expected to have, individually or in the
aggregate, a Material Adverse Effect or (b) the creation or enforcement of any Lien upon any property (now or hereafter acquired) of any Loan Party or any of its Subsidiaries (other than those created under the Loan Documents, the Term Loan
Documents, the 2015 Note Security Agreement and the Series G Guarantee Security Agreements. 
 4.3 Governmental
Authorization; Other Consents. No approval, consent, exemption, authorization, or other action by, or notice to, or filing with, any Governmental Authority or any other Person is required in connection with (a) the execution, delivery
or performance by, or enforcement against, any Loan Party of this Agreement or any other Loan Document or for the consummation of the transactions contemplated thereby, (b) the grant by any Loan Party of the Liens granted by it pursuant to

  
 39 

 
the Loan Documents, or (c) the perfection of the Liens created under the Loan Documents (including the first priority nature thereof to the extent required by the Loan Documents) except
(i) for those registrations, exemptions, orders, authorizations, consents, approvals, notices or other actions that have been made, obtained, given or taken, (ii) filings and recordings with respect to the Collateral to be made, or
otherwise delivered to Agent for filing and/or recordation, as of the Closing Date, or (iii) those approvals, consents, exemptions, authorizations or other actions, notices or filings, the failure of which to obtain or make does not have, and
could not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. 
 4.4 Binding
Obligations; Perfected Liens. 
 (a) Each Loan Document has been duly executed and delivered by each Loan
Party that is a party thereto and is the legally valid and binding obligation of such Loan Party, enforceable against such Loan Party in accordance with its respective terms, except as enforcement may be limited by equitable principles or by
bankruptcy, insolvency, reorganization, moratorium, or similar laws relating to or limiting creditors’ rights generally. 
 (b) The Liens in the Collateral granted to Agent pursuant to the Loan Documents constitute, to the extent required by the Loan Documents, valid and perfected first priority Liens, subject to the Permitted
Liens. Except for filings contemplated on the Closing Date or such later date as is contemplated by this Agreement and the Loan Documents, no filings are required to perfect such Liens. 

4.5 Title to Assets; No Encumbrances. 

(a) Each of the Loan Parties and its Restricted Subsidiaries has (i) with respect to interests in owned Real
Property, good record and marketable legal and insurable fee simple title, subject only to the Permitted Liens, (ii) with respect to leasehold interests in real or personal property, valid leasehold interests, subject only to the Permitted
Liens, and (iii) with respect to all other property, good and marketable title to such assets, except (A) as to Real Property for minor defects in title that do not materially interfere with such Loan Party’s or Subsidiary’s
ability to conduct its business and to utilize such assets for their intended purposes and (B) as to any property, the failure to have such title or other property interests does not have, and could not reasonably be expected to have,
individually or in the aggregate, a Material Adverse Effect. 
 (b) The property of each Loan Party is subject to
no Liens, other than Permitted Liens. 
 (c) Schedule 4.5(c) sets forth as of the Closing Date a complete
and accurate list of all real property owned by each Loan Party, showing as of the date hereof the street address, county or other relevant jurisdiction, state, record owner and book value (or, if available, fair market value) thereof. 

(d) Schedule 4.5(d) sets forth as of the Closing Date a complete and accurate list of all leases and subleases of
real property, where Collateral having value in excess of $100,000 is located, under which Parent or any other Loan Party is the lessee or comparable party, showing as of the date hereof the street address, county or other relevant jurisdiction,
state, lessor and lessee. 
 4.6 Jurisdiction of Organization; Location of Chief Executive Office; Organizational
Identification Number. 
 (a) The name (within the meaning of the Code or PPSA, as applicable) and
jurisdiction of organization of each Loan Party and each of its Subsidiaries, as of the Closing Date, is set forth on Schedule 4.6(a). 

  
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 (b) The chief executive office of each Loan Party as of the Closing Date, is
located at the address indicated on Schedule 4.6(b). 
 (c) Each Loan Party’s tax identification
numbers (or in the case of any non-U.S. Loan Party that does not have a U.S. taxpayer identification number, its unique identification number issued to it by the jurisdiction of its incorporation) and organizational identification numbers, if any,
are identified on Schedule 4.6(c) as of the Closing Date. 
 4.7 Litigation. There are no actions, suits,
proceedings, claims or disputes pending or, to the knowledge of the Borrowers, threatened, at law, in equity, in arbitration or before any Governmental Authority, by or against a Loan Party or any of its Subsidiaries that (a) individually or in
the aggregate, if adversely determined, has or would reasonably be expected to have a Material Adverse Effect or (b) purport to affect or pertain to this Agreement, any other Loan Document, or the consummation of the transactions contemplated
under this Agreement. 
 4.8 Compliance with Laws. Each Loan Party and each Subsidiary thereof is in compliance in
all material respects with the requirements of all Laws and all orders, writs, injunctions and decrees applicable to it or to its properties, (a) except in such instances where such requirement of Law or order, writ, injunction or decree is
subject to a Permitted Protest or (b) where the failure to comply therewith, either individually or in the aggregate, has, or would reasonably be expected to have, a Material Adverse Effect. 

4.9 Financial Statements; No Material Adverse Effect. 

(a) The audited financial statements of Parent and its Subsidiaries for the fiscal year ending December 31, 2010
(i) were prepared in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein; (ii) fairly present in all material respects the financial condition of Parent and its
Subsidiaries (before giving effect to the ColorMatrix Acquisition) as of the date thereof and their results of operations for the period covered thereby in accordance with GAAP consistently applied throughout the period covered thereby, except as
otherwise expressly noted therein; and (iii) show all material indebtedness and other liabilities, direct or contingent, of the Parent and its Subsidiaries (before giving effect to the ColorMatrix Acquisition) as of the date thereof, including
liabilities for taxes, material commitments and Indebtedness, in each case to the extent required by GAAP. 
 (b)
To the knowledge of Borrowers, the audited financial statements of ColorMatrix and its Subsidiaries for the fiscal year ending December 31, 2010 (i) were prepared in accordance with GAAP consistently applied throughout the period covered
thereby, except as otherwise expressly noted therein; (ii) fairly present in all material respects the financial condition of the Acquired Business and its Subsidiaries (before giving effect to the ColorMatrix Acquisition) as of the date
thereof and their results of operations for the period covered thereby in accordance with GAAP consistently applied throughout the period covered thereby. 
 (c) The unaudited consolidated balance sheet of the Parent and its Subsidiaries dated September 30, 2011, and the related consolidated statements of operations, shareholders’ equity and cash
flows for the fiscal quarter ended on that date (i) were prepared in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein and (ii) fairly present in all material
respects the financial condition of Parent and its Subsidiaries as of the date thereof and their results of operations for the period covered thereby, subject, in the case of clauses (i) and (ii), to the absence of footnotes and to normal
year-end audit adjustments. 

  
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 (d) Since December 31, 2010, there has been no event or circumstance,
either individually or in the aggregate, that has had or would reasonably be expected to have a Material Adverse Effect. 
 4.10
Solvency. 
 (a) Each Borrower, individually, is Solvent and Parent and its Subsidiaries, on a
consolidated basis, are Solvent. 
 (b) No transfer of property is being made by any Loan Party and no obligation
is being incurred by any Loan Party in connection with the transactions contemplated by this Agreement or the other Loan Documents with the intent to hinder, delay, or defraud either present or future creditors of such Loan Party. 

4.11 Employee Benefits. 
 (a) Each Plan is in compliance with the applicable provisions of ERISA, the IRC and other Federal or state laws, where the failure to so comply has, or would reasonably be expected to have, individually
or in the aggregate, a Material Adverse Effect. Each Pension Plan that is intended to be a qualified plan under Section 401(a) of the IRC has received a favorable determination letter from the Internal Revenue Service to the effect that the
form of such Plan is qualified under Section 401(a) of the IRC and the trust related thereto has been determined by the Internal Revenue Service to be exempt from federal income tax under Section 501(a) of the IRC, or an application for
such a letter is currently being processed by the Internal Revenue Service. To the knowledge of Borrowers, nothing has occurred that would prevent or cause the loss of such tax qualified status where any such occurrence has, or could reasonably be
expected to have, individually or in the aggregate, a Material Adverse Effect. 
 (b) There are no pending or, to
the knowledge of Borrowers, threatened claims, actions or lawsuits, or actions by any Governmental Authority, with respect to any Plan that has, or would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.
There has been no prohibited transaction or violation of the fiduciary responsibility rules with respect to any Plan that has, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. 

(c) Except as set forth in Schedule 4.11, hereto, (i) no ERISA Event has occurred, and neither Parent nor any
ERISA Affiliate is aware of any fact, event or circumstance that could reasonably be expected to constitute or result in an ERISA Event; (ii) Parent and each ERISA Affiliate has met all applicable requirements under the Pension Funding Rules in
respect of each Pension Plan, and no waiver of the minimum funding standards under the Pension Funding Rules has been applied for or obtained in respect of any Pension Plan; and (iii) neither Parent nor any ERISA Affiliate has engaged in a
transaction that could be subject to Section 4069 or Section 4212(c) of ERISA with respect to any Pension Plan, except, with respect to subsections (i) through (iii) above, as could not, in the aggregate, reasonably be expected
to have a Material Adverse Effect. 
 (d) As of the Closing Date, no Loan Party nor any of its Subsidiaries
maintains, sponsors, administers, contributes to, participates in or has any liability in respect of any Specified Canadian Pension Plan, nor has any such Person ever maintained, sponsored, administered, contributed or participated in any Specified
Canadian Pension Plan. Except as, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect, (a) the Canadian Pension Plans are duly registered under the Income Tax Act (Canada) and any other
applicable laws which require registration, have been administered in accordance with the Income Tax Act (Canada) and such other applicable law and no event has occurred which could cause the loss of such registered status, (b) all obligations
of the 

  
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Loan Parties and their Subsidiaries (including fiduciary, funding, investment and administration obligations) required to be performed in connection with the Canadian Pension Plans and the
funding agreements relating thereto have been performed on a timely basis, and (c) all contributions or premiums required to be made or paid by the Loan Parties and their Subsidiaries to the Canadian Pension Plans have been made on a timely
basis in accordance with the terms of such plans and all applicable laws. 
 4.12 Environmental Condition.

 (a) Parent, for itself and the other Loan Parties, conducts in the ordinary course of business a review of the
effect of existing Environmental Laws relating to remedial obligations and claims alleging potential liability or responsibility for violation of any Environmental Law on their respective businesses, operations and properties, and as a result
thereof the Borrowers have reasonably concluded that such effect of existing Environmental Laws relating to remedial actions and claims alleging potential liability or responsibility for violation of any Environmental Law that has, or would
reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect (including for this purpose taking into account any reserves). 
 (b) Except as otherwise set forth in Schedule 4.12 or where such status or condition could not, individually or in the aggregate, have or reasonably be expected to have a Material Adverse Effect:
(i) none of the properties currently or, to the knowledge of the Loan Parties, formerly owned or operated by any Loan Party or any of its Subsidiaries is listed or proposed for listing on the NPL or on the CERCLIS or any analogous foreign,
state or local list or is adjacent to any such property; (ii) there are no and have never been any underground or above ground storage tanks or any surface impoundments, septic tanks, pits, sumps or lagoons in which Hazardous Materials are
being or have been treated, stored or disposed on any property currently owned or operated by any Loan Party or any of its Subsidiaries or, to the best of the knowledge of the Loan Parties, on any property formerly owned or operated by any Loan
Party or any of its Subsidiaries; (iii) there is no asbestos or asbestos-containing material on any property currently owned or operated by any Loan Party or any of its Subsidiaries; (iv) Hazardous Materials have not been released,
discharged or disposed of on any property currently owned or operated by any Loan Party or any of its Subsidiaries; (v) neither any Loan Party nor any of its Subsidiaries is undertaking, either individually or together with other potentially
responsible parties, any investigation or assessment or remedial or response action relating to any actual or threatened release, discharge or disposal of Hazardous Materials at any site, location or operation, either voluntarily or pursuant to the
order of any Governmental Authority or the requirements of any Environmental Law; and (vi) all Hazardous Materials generated, used, treated, handled or stored at, or transported to or from, any property currently owned or operated by any Loan
Party or any of its Subsidiaries have been disposed of in a manner that would not reasonably expected to result in liability to any Loan Party. 
 4.13 Reserved. 
 4.14 Reserved. 

4.15 Reserved. 
 4.16 Complete Disclosure. All factual information taken as a whole (other than forward-looking information and projections and information of a general economic nature and general
information about Borrowers’ industry) furnished by or on behalf of a Loan Party or its Subsidiaries in writing to Agent or any Lender (including all information contained in the Schedules hereto or in the other Loan Documents) for purposes of
or in connection with this Agreement or the other Loan Documents, and all other such factual information taken as a whole (other than forward-looking information and projections and information of a general economic nature and general information
about 

  
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Borrowers’ industry) hereafter furnished by or on behalf of a Loan Party or its Subsidiaries in writing to Agent or any Lender will be, true and accurate, in all material respects, on the
date as of which such information is dated or certified and will not omit to state any material fact necessary to make such information (taken as a whole) not misleading in any material respect at such time in light of the circumstances under which
such information was provided. The Projections delivered to Agent on December 2, 2011 represent, and as of the date on which any other Projections are delivered to Agent, such additional Projections represent, Borrowers’ good faith
estimate, on the date such Projections are delivered, of the Loan Parties’ and their Subsidiaries’ future performance for the periods covered thereby based upon assumptions believed by Borrowers to be reasonable at the time of the delivery
thereof to Agent (it being understood that such Projections are subject to uncertainties and contingencies, many of which are beyond the control of the Loan Parties and their Subsidiaries, that no assurances can be given that such Projections will
be realized, and that actual results may differ in a material manner from such Projections). 
 4.17 Material
Contracts. Set forth on Schedule 4.17 is a list of each Material Contract of Borrowers as of the Closing Date. 

4.18 Patriot Act. To the extent applicable, each Loan Party is in compliance, in all material respects, with the
(a) Trading with the Enemy Act, as amended, and each of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended) and any other enabling legislation or executive order relating
thereto, (b) Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA Patriot Act of 2001) (the “Patriot Act”); and (c) the Proceeds of Crime Money Laundering and
Terrorist Finance Act (Canada) and the regulations promulgated thereunder. No part of the proceeds of the loans made hereunder will be used by any Loan Party or any of their Affiliates, directly or indirectly, for any payments to any governmental
official or employee, political party, official of a political party, candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in violation of the
United States Foreign Corrupt Practices Act of 1977, as amended. 
 4.19 Reserved. 

4.20 Taxes. All material Federal, State, Provincial, local and other tax returns required to have been filed with respect
to each Loan Party and each Restricted Subsidiary of each Loan Party have been filed (or extensions have been obtained), and payment or adequate provision has been made for the payment of all taxes, fees, assessments and other governmental charges
which have or may become due pursuant to said returns or to assessments received, except to the extent that such taxes, fees, assessments and other charges are being contested in good faith by appropriate proceedings diligently conducted and for
which such reserves or other appropriate provisions, if any, as shall be required by GAAP shall have been made. 
 4.21
Margin Stock. No Loan Party is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying any Margin Stock (within the meaning of Regulation U issued by the
FRB), or extending credit for the purpose of purchasing or carrying margin stock. No part of the proceeds of the loans made to Borrowers will be used to purchase or carry any such Margin Stock or to extend credit to others for the purpose of
purchasing or carrying any such Margin Stock or for any purpose that violates the provisions of Regulation T, U or X of the Board of Governors of the United States Federal Reserve. 

  
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 4.22 Investment Company Act. None of Parent, any Person controlling the
Parent, or any Subsidiary is or is required to be registered as an “investment company” under the Investment Company Act of 1940 or is subject to regulation under the Investment Company Act. 

4.23 OFAC. No Loan Party nor any of its Subsidiaries is in violation of any of the country or list based economic and trade
sanctions administered and enforced by OFAC. No Loan Party nor any of its Subsidiaries (a) is a Sanctioned Person or a Sanctioned Entity, (b) has its assets located in Sanctioned Entities, or (c) derives revenues from investments in,
or transactions with Sanctioned Persons or Sanctioned Entities. No proceeds of any Revolving Loan (including any Swing Loan, Protective Advance or Overadvance) or any Letter of Credit will be used to fund any operations in, finance any investments
or activities in, or make any payments to, a Sanctioned Person or a Sanctioned Entity. 
 4.24 Employee and Labor
Matters. There is (i) no unfair labor practice complaint pending or, to the knowledge of Borrowers, threatened against Parent or its Subsidiaries before any Governmental Authority and no grievance or arbitration proceeding pending or
threatened against Parent or its Restricted Subsidiaries which arises out of or under any collective bargaining agreement and that, individually or in the aggregate, has or could reasonably be expected to have a Material Adverse Effect, (ii) no
strike, labor dispute, slowdown, stoppage or similar action or grievance pending or threatened in writing against Parent or its Subsidiaries that, individually or in the aggregate, has or could reasonably be expected to have a Material Adverse
Effect. Neither Parent nor any of its Restricted Subsidiaries has incurred any liability or obligation under the Worker Adjustment and Retraining Notification Act or similar Laws, which remains unpaid or unsatisfied. The hours worked and payments
made to employees of Parent or its Restricted Subsidiaries have not been in violation of the Fair Labor Standards Act or any other applicable legal requirements, where such violations have or would, individually or in the aggregate, reasonably be
expected to have a Material Adverse Effect. All material payments due from Parent or its Restricted Subsidiaries on account of wages and employee health and welfare insurance, employer and employee deductions and premiums and other benefits have
been paid or accrued as a liability on the books of Parent, where the failure to do so, individually or in the aggregate, has or would reasonably be expected to have a Material Adverse Effect. 

4.25 ColorMatrix Acquisition. 
 (a) The ColorMatrix Acquisition shall have been consummated, or shall be consummated substantially concurrently with the Closing Date, in accordance with the ColorMatrix Acquisition Agreement. Each
ColorMatrix Acquisition Document is the legal, valid and binding obligation of each Loan Party that is party thereto, enforceable against such Loan Party in accordance with its terms, in each case, except (i) as may be limited by applicable
bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting generally the enforcement of creditors’ rights and (ii) the availability of the remedy of specific performance or injunctive or other
equitable relief is subject to the discretion of the court before which any proceeding therefor may be brought. 

(b) As of the Closing Date, all requisite approvals by Governmental Authorities having jurisdiction over Loan Parties and,
to each Loan Party’s knowledge, the Seller, with respect to the ColorMatrix Acquisition, have been obtained (including filings or approvals required under the Hart-Scott-Rodino Antitrust Improvements Act), where the failure to obtain any
approval has, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. 
 4.26
Eligible Accounts. As to each Account that is identified by any Borrower as an Eligible Account in a US Borrowing Base Certificate or a Canadian Borrowing Base Certificate submitted to Agent, such Account is (a) a bona fide
existing payment obligation of the applicable Account Debtor created by the sale and delivery of Inventory or the rendition of services to such Account Debtor in the 

  
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ordinary course of Borrowers’ business, (b) owed to one or more of the Borrowers, and (c) not excluded as ineligible by virtue of one or more of the excluding criteria (other than
Agent-discretionary criteria) set forth in the definition of Eligible Accounts. 
 4.27 Eligible Inventory. As to
each item of Inventory that is identified by any Borrower as Eligible Inventory in a US Borrowing Base Certificate or a Canadian Borrowing Base Certificate submitted to Agent, such Inventory is (a) of good and merchantable quality, free from
known defects, and (b) not excluded as ineligible by virtue of one or more of the excluding criteria (other than Agent-discretionary criteria) set forth in the definition of Eligible Inventory. 

4.28 Locations of Inventory and Equipment. As of the Closing Date, the Inventory and Equipment (other than vehicles or
Equipment out for repair) of the Loan Parties are not stored with a bailee, warehouseman, or similar party other than those identified on Schedule 4.28(a) and are otherwise located only at, or in-transit between or to, the locations
identified on Schedule 4.28(b). 
 4.29 Inventory Records. Each Loan Party keeps correct and accurate
records in all material respects itemizing and describing the type, quality, and quantity of its Inventory and the book value thereof. 
 4.30 No Default. No Loan Party nor any of its Restricted Subsidiaries is in default under or with respect to, or a party to, any Material Contract, which default has, or could reasonably be
expected to have, individually or in the aggregate, a Material Adverse Effect. No Default or Event of Default has occurred and is continuing or would result from the consummation of the transactions contemplated by this Agreement or any other Loan
Document. 
 4.31 Insurance. The properties of the Loan Parties are insured with financially sound insurance
companies, in such amounts, with such deductibles and covering such risks as are customarily carried by companies engaged in similar businesses and owning similar properties in localities where Parent or the applicable Loan Party operates.

 4.32 Common Enterprise. Borrowers and Guarantors make up a related organization of various entities
constituting a single economic and business enterprise so that Borrowers and Guarantors share an identity of interests such that any benefit received by any one of them benefits the others. Certain Borrowers and Guarantors render services to or for
the benefit of the other Borrowers and/or Guarantors, as the case may be, purchase or sell and supply goods to or from or for the benefit of the others, make loans, advances and provide other financial accommodations to or for the benefit of the
other Borrowers and Guarantors (including inter alia, the payment by Borrowers and Guarantors of creditors of the other Borrowers or Guarantors and guarantees by Borrowers and Guarantors of indebtedness of the other Borrowers and Guarantors and
provide administrative, marketing, payroll and management services to or for the benefit of the other Borrowers and Guarantors). Borrowers and Guarantors have the same chief executive office, centralized accounting and legal services, certain common
officers and directors and generally do not provide consolidating financial statements to creditors. 
 5. AFFIRMATIVE COVENANTS.

 Each Loan Party covenants and agrees that, until termination of all of the Commitments and payment in full of the
Obligations, the Loan Parties shall and shall cause each of their Restricted Subsidiaries to comply with each of the following: 

5.1 Financial Statements, Reports, Certificates. 

  
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 (a) (i) Deliver to Agent, with copies to each Lender, each of the financial
statements, reports, and other items set forth on Schedule 5.1 no later than the times specified therein, (ii) maintain proper books of record and account, in which full, true and correct entries in conformity with GAAP consistently
applied shall be made of all financial transactions and matters involving the assets and business of Parent or such Subsidiary, as the case may be, and (iii) cause each Subsidiary of a Loan Party to have the same fiscal year as Parent.

 (b) Documents required to be delivered pursuant to this Section 5.1 (to the extent any such
documents are included in materials otherwise filed with the SEC) may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date (i) on which Parent posts such documents, or provides a link thereto on
Parent’s website on the Internet at the website address listed on Schedule 5.1; or (ii) on which such documents are posted on Parent’s behalf on an Internet or intranet website, if any, to which each Lender and Agent have
access (whether a commercial, third-party website or whether sponsored by Agent); provided, that: (i) upon the written request of Agent, Parent shall deliver paper copies of such documents to Agent or any Lender that requests
Parent to deliver such paper copies until a written request to cease delivering paper copies is given by Agent or such Lender and (ii) Parent shall notify Agent (by telecopier or electronic mail) of the posting of any such documents and provide
to Agent by electronic mail electronic versions (i.e., soft copies) of such documents. Notwithstanding anything contained herein, in every instance Parent shall be required to provide paper copies of the Compliance Certificates required by this
Section 5.1 to Agent. Except for such Compliance Certificates, Agent shall have no obligation to request the delivery or to maintain copies of the documents referred to above, and in any event shall have no responsibility to monitor
compliance by Parent with any such request for delivery, and each Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such documents. 

(c) Parent hereby acknowledges that (i) Agent and/or the Arrangers will make available to the Lenders materials
and/or information provided by or on behalf of Parent hereunder (collectively, “Borrower Materials”) by posting Borrower Materials on IntraLinks or another similar electronic system (the “Platform”) and
(ii) certain of the Lenders (each, a “Public Lender”) may have personnel who do not wish to receive material non-public information with respect to Parent or its Affiliates, or the respective securities of any of the foregoing,
and who may be engaged in investment and other market-related activities with respect to such Persons’ securities. Parent hereby agrees that so long as Parent is the issuer of any outstanding debt or equity securities that are registered or
issued pursuant to a private offering or is actively contemplating issuing any such securities it will use commercially reasonable efforts to identify that portion of the Borrower Materials that may be distributed to the Public Lenders and that
(A) all such Borrower Materials shall be clearly and conspicuously marked “PUBLIC” which, at a minimum, shall mean that the word “PUBLIC” shall appear prominently on the first page thereof; (B) by marking Borrower
Materials “PUBLIC,” Parent shall be deemed to have authorized Agent, the Arrangers and the Lenders to treat such Borrower Materials as not containing any material non-public information (although it may be sensitive and proprietary) with
respect to Parent or its securities for purposes of United States Federal and state securities laws (provided, that, to the extent such Borrower Materials constitute Information, they shall be treated as set forth in Section 17.9);
(C) all Borrower Materials marked “PUBLIC” are permitted to be made available through a portion of the Platform designated “Public Side Information;” and (D) Agent and the Arrangers shall be entitled to treat any
Borrower Materials that are not marked “PUBLIC” as being suitable only for posting on a portion of the Platform not designated “Public Side Information.” 
 5.2 Collateral Reporting. Provide Agent (and if so requested by Agent, with copies for each Lender) with each of the reports set forth on Schedule 5.2 at
the times specified therein. In addition, each Borrower agrees to use commercially reasonable efforts in cooperation with Agent to facilitate and 

  
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establish a system of electronic collateral reporting in order to provide electronic reporting of each of the items set forth on such Schedule. 

5.3 Existence. Except as otherwise permitted under Section 6.3 or Section 6.4, at all times
maintain and preserve in full force and effect its existence (including being in good standing in its jurisdiction of organization) and all rights and franchises, licenses and permits material to its business where the failure to do so has or could
reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; provided, that, no Loan Party or any of its Restricted Subsidiaries shall be required to preserve any such right or franchise, licenses or
permits if such Person’s board of directors (or similar governing body) shall determine that the failure to preserve it could not reasonably be expected to result in a Material Adverse Effect. 

5.4 Maintenance of Properties. Maintain and preserve all of its assets that are necessary for the proper conduct of its
business in good working order and condition, except for (a) ordinary wear, tear, and casualty, (b) Permitted Dispositions, or (c) in the case of assets other than Revolving Loan Priority Collateral where the failure to do so has or
could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, and comply with the provisions of all leases to which it is a party as lessee, so as to prevent the loss or forfeiture thereof, (i) unless such
provisions are the subject of a Permitted Protest, or (ii) where the failure to so comply has or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. 

5.5 Taxes. Cause all assessments and taxes imposed, levied, or assessed against any Loan Party or its Subsidiaries, or any
of their respective assets or in respect of any of its income, businesses, or franchises to be paid in full, before delinquency or before the expiration of any extension period, except to the extent that the validity of such assessment or tax shall
be the subject of a Permitted Protest and so long as, in the case of an assessment or tax that has become a Lien against any of the Collateral, such contest proceedings conclusively operate to stay the sale of any portion of the Collateral to
satisfy such assessment or tax. Parent will and will cause each of its Subsidiaries to make timely payment or deposit of all tax payments and withholding taxes required of it and them by applicable laws, including those laws concerning F.I.C.A.,
F.U.T.A., state disability, and local, state, provincial and federal income taxes, and will, upon request, furnish Agent with proof reasonably satisfactory to Agent indicating that each Loan Party and its Subsidiaries have made such payments or
deposits. 
 5.6 Insurance. At Borrowers’ expense, maintain insurance respecting each of the Loan
Parties’ assets wherever located, covering liabilities, losses or damage as customarily are insured against by other Persons engaged in the same or similar businesses. All such policies of insurance shall be with financially sound insurance
companies and in such amounts (after giving effect to any self insurance maintained consistent with the standards provided for herein) as is carried generally in accordance with sound business practice by companies in similar businesses similarly
situated and located and in any event, as to any Revolving Loan Priority Collateral, in amounts, adequacy and scope reasonably satisfactory to Agent (and Agent acknowledges that based on the information provided to it on or prior to the date hereof
with respect thereto, as to insurance coverage for the Revolving Loan Priority Collateral in effect on the date hereof, the amounts, adequacy and scope are reasonably satisfactory to it). Subject to the Term Loan Intercreditor Agreement, all
property insurance policies covering the Collateral are to be made payable to Agent, as its interests may appear, in case of loss, pursuant to a standard loss payable endorsement with a standard non contributory “lender” or “secured
party” clause and are to contain such other provisions as Agent may reasonably require to fully protect the Lenders’ interest in the Collateral and to any payments to be made under such policies. All certificates of property and general
liability insurance are to be delivered to Agent, with the loss payable (but only in respect of Collateral) and additional insured endorsements in favor of Agent and shall provide for not less than thirty (30) days (ten (10) days in the
case of non-payment) prior written notice to Agent of the exercise of any right of 

  
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cancellation. If any Borrower fails to maintain such insurance, Agent may arrange for such insurance, but at such Borrower’s expense and without any responsibility on Agent’s part for
obtaining the insurance, the solvency of the insurance companies, the adequacy of the coverage, or the collection of claims. Borrowers shall give Agent prompt notice of any loss exceeding $3,000,000 covered by its casualty or business interruption
insurance. Upon the occurrence and during the continuance of an Event of Default, subject to the terms of the Term Loan Intercreditor Agreement, Agent shall have the sole right to file claims under any property and general liability insurance
policies in respect of the Collateral, to receive, receipt and give acquittance for any payments that may be payable thereunder, and to execute any and all endorsements, receipts, releases, assignments, reassignments or other documents that may be
necessary to effect the collection, compromise or settlement of any claims under any such insurance policies. If any portion of any Mortgaged Property is at any time located in an area identified by the Federal Emergency Management Agency (or any
successor agency) as a special flood hazard area with respect to which flood insurance has been made available under the National Flood Insurance Act of 1968 (as now or hereafter in effect or any successor act thereto), then Parent shall, or shall
cause each Loan Party to, maintain, or cause to be maintained, with a financially sound insurer, flood insurances with respect to Mortgaged Property, as required by applicable Laws. 

5.7 Inspection, Field Examinations, and Appraisals. Permit Agent and each of its duly authorized representatives or agents
to visit any of its properties and inspect any of its assets or books and records, to conduct appraisals and valuations, to examine and make copies of its books and records, and to discuss its affairs, finances, and accounts with, and to be advised
as to the same by, its officers and employees at such reasonable times and intervals as Agent may designate and, so long as no Event of Default exists and is continuing, with reasonable prior notice to Administrative Borrower all at such times and
intervals as Agent may request, all at Borrower’s expense, in each case subject to Section 17.9; provided, that, (a) as to field examinations, there shall be (i) no more than two (2) field examinations in any
twelve (12) month period at the expense of Borrowers so long as (A) Excess Availability during such twelve (12) month period is not less than fifteen percent (15%) of the Maximum Credit or (B) US Excess Availability is not
less than twelve and one-half percent (12.5%) of the Maximum Credit for any three (3) consecutive Business Days during such twelve (12) month period, (ii) no more than three (3) field examinations in any twelve
(12) month period at the expense of Borrowers if at any time Excess Availability or US Excess Availability during such twelve (12) month period is less than the applicable amount specified in clause (a)(i) above, and (iii) such other
field examinations as Agent may request at any time an Event of Default exists or has occurred and is continuing at the expense of Borrowers or otherwise at any other times during usual business hours and upon reasonable prior notice at the expense
of Agent and Lenders to conduct such field examinations in accordance with Agent’s customary practices and procedures and (b) as to appraisals, there shall be (i) no more than one (1) appraisal of each type of Collateral in any
twelve (12) month period at the expense of Borrowers so long as (A) Excess Availability during such twelve (12) month period is not less than fifteen percent (15%) of the Maximum Credit or (B) US Excess Availability is not
less than twelve and one-half percent (12.5%) of the Maximum Credit for any three (3) consecutive Business Days during such twelve (12) month period, (ii) no more than two (2) appraisals of each type of Collateral in any
twelve (12) month period at the expense of Borrowers if at any time Excess Availability or US Excess Availability during such twelve (12) month period is less than the applicable amount specified in clause (b)(i) above, and (c) such
other appraisals as Agent may request at any time a Default or an Event of Default exists or has occurred and is continuing at the expense of Borrowers or otherwise at any other times during usual business hours and upon reasonable prior notice at
the expense of Agent and Lenders, with such appraisals to be performed in accordance with Agent’s customary practices and procedures. 
 5.8 Compliance with Laws. Comply with the requirements of all applicable laws, rules, regulations, and orders of any Governmental Authority, other than laws, rules, regulations, and orders
the 

  
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non-compliance with which, individually or in the aggregate, has, or could reasonably be expected to have, a Material Adverse Effect. 

5.9 Environmental. 
 (a) Keep any property either owned or operated by Parent or its Subsidiaries free of any Environmental Liens or post bonds or other financial assurances sufficient to satisfy the obligations or liability
evidenced by such Environmental Liens where the failure to do so, individually or in the aggregate, has or would reasonably be expected to have a Material Adverse Effect, 

(b) Comply with Environmental Laws where the failure to do so, individually or in the aggregate, has or could reasonably
be expected to have a Material Adverse Effect, and provide to Agent documentation of such compliance which Agent reasonably requests, 
 (c) Promptly notify Agent of any release of which any Borrower has knowledge of a Hazardous Material in any reportable quantity from or onto property owned or operated by Parent or its Subsidiaries where
any such release, individually or in the aggregate, has or could reasonably be expected to have a Material Adverse Effect, and take any Remedial Actions required to abate said release or otherwise to come into compliance with applicable
Environmental Law where the failure to do so, individually or in the aggregate, has or would reasonably be expected to have a Material Adverse Effect, and 
 (d) Promptly, but in any event within five (5) Business Days of its receipt thereof, provide Agent with written notice of any of the following: (i) notice that an Environmental Lien has been
filed against any of the real or personal property of Parent or its Subsidiaries, (ii) commencement of any Environmental Action or written notice that an Environmental Action will be filed against Parent or its Subsidiaries, and
(iii) written notice of a violation, citation, or other administrative order from a Governmental Authority where any such violation, citation or other administrative order, individually or in the aggregate, has or could reasonably be expected
to have a Material Adverse Effect. 
 5.10 Reserved. 

5.11 Further Assurances. 
 (a) At the time that any Loan Party forms any direct or indirect Subsidiary or acquires any direct or indirect Subsidiary (other than a subsidiary organized or incorporated under the laws of a
jurisdiction other than a State of the United States, the United States, the District of Columbia, or a Province or Territory of Canada or Canada and other than any Excluded Subsidiary or an Unrestricted Subsidiary) after the Closing Date, such Loan
Party shall (i) within thirty (30) days of such formation or acquisition (or such later date as permitted by Agent in its sole discretion) cause any such new Subsidiary to provide to Agent a joinder agreement to this Agreement, the
Guaranty and the Security Agreement, together with such other security documents (and within sixty (60) days for any mortgages with respect to any Material Real Property owned by such new Subsidiary) as well as appropriate financing statements
(and with respect to all property subject to a mortgage, fixture filings), and supplements and amendments hereto, all in form and substance reasonably satisfactory to Agent (including being sufficient to grant Agent a first priority Lien (subject to
Permitted Liens) in and to the assets of such newly formed or acquired Subsidiary, including to make such Subsidiary a party to this Agreement as a “Borrower” if it owns accounts or inventory that would constitute Eligible Accounts and
Eligible Inventory and otherwise as a “Guarantor”; provided, that, the foregoing shall not be required to be provided to Agent with respect to any Subsidiary of any Loan Party that is an Excluded Subsidiary, (ii) within thirty
(30) days of such formation or acquisition (or such later date as permitted by Agent in its sole discretion) provide to Agent a 

  
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pledge agreement (or an addendum to the Security Agreement or Canadian Security Documents) and appropriate certificates and powers or financing statements, pledging all of the direct or
beneficial ownership interest in such new Subsidiary reasonably satisfactory to Agent; provided, that, only sixty-five percent (65%) of the total outstanding voting Equity Interests of any first tier Subsidiary of any Loan Party
that is a CFC (and none of the Equity Interests of any Subsidiary of such CFC) shall be required to be pledged, and (iii) within sixty (60) days of such formation or acquisition (or such later date as permitted by Agent in its discretion)
provide to Agent all other documentation, including one or more opinions of counsel reasonably satisfactory to Agent, which in its opinion is appropriate with respect to the execution and delivery of the applicable documentation referred to above
(including policies of title insurance or other documentation with respect to all Material Real Property owned in fee and subject to a mortgage). Any document, agreement, or instrument executed or issued pursuant to this Section 5.11
shall be a Loan Document. 
 (b) At any time upon the reasonable request of Agent, execute or deliver to Agent
any and all financing statements, fixture filings, security agreements, pledges, assignments, endorsements of certificates of title, mortgages, deeds of trust, opinions of counsel, and all other documents (the “Additional
Documents”) that Agent may reasonably request in form and substance reasonably satisfactory to Agent, to create, perfect, and continue perfected or to perfect Agent’s Liens in all of the assets of Parent and its Subsidiaries (whether
now owned or hereafter arising or acquired, tangible or intangible, real or personal), other than Excluded Subsidiaries and Unrestricted Subsidiaries, to create and perfect Liens in favor of Agent in any Material Real Property acquired by Parent or
its Subsidiaries (other than an Excluded Subsidiary or an Unrestricted Subsidiary) after the Closing Date, and in order to fully consummate all of the transactions contemplated hereby and under the other Loan Documents. To the maximum extent
permitted by applicable law, if Parent or any of its Subsidiaries (other than Excluded Subsidiaries) refuses or fails to execute or deliver any reasonably requested Additional Documents related to any Revolving Loan Priority Collateral within a
reasonable period of time following the request to do so, Parent (on behalf of itself and such Subsidiaries) hereby authorizes Agent to execute any such Additional Documents to the extent related to Revolving Loan Priority Collateral in the
applicable Loan Party’s or such Subsidiary’s name, as applicable, and authorizes Agent to file such executed Additional Documents in any appropriate filing office. In furtherance and not in limitation of the foregoing, each Loan Party
shall take such actions as Agent may reasonably request from time to time so that the Obligations are guarantied by the Guarantors and are secured by substantially all of the assets of Parent and its Subsidiaries other than the Excluded Subsidiaries
and Unrestricted Subsidiaries to the extent, and in any event subject to, the exceptions and limitations provided for herein. 

5.12 Reserved. 
 5.13 Location of Inventory and Equipment. Keep each Loan Parties’ Inventory and Equipment (other than vehicles, Inventory and Equipment out for repair or in-transit) only at the
locations identified on Schedule 4.28(a) and 4.28(b) and their chief executive offices only at the locations identified on Schedule 4.6(b) and any other locations, provided, that, (a) with respect to any
location where Inventory or Equipment of the Loan Parties with a value in excess of $250,000 is or is to be located, Administrative Borrower shall provide written notice to Agent not less than ten (10) days prior to the date on which such
Inventory or Equipment is moved to such new location or such chief executive office is relocated, (b) in the case of US Loan Parties, such new location is within the continental United States and in the case of Canadian Loan Parties, such new
location is within Canada, (c) the aggregate amount of all Inventory at locations where Agent has not received such notice shall not exceed $2,500,000 and (d) at the time of such written notification, such Borrower uses its commercially
reasonable efforts to provide Agent a Collateral Access Agreement with respect thereto. Borrowers agree that, except as Agent may otherwise determine, any Inventory at such new locations for which Agent has not received such written notice, shall
not constitute Eligible Inventory. 

  
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 5.14 Applications under Insolvency Statutes. Each Loan Party acknowledges that
its business and financial relationships with Agent and Lenders are unique from its relationship with any other of its creditors, and agrees that it shall not file any plan of arrangement under the CCAA or make any proposal under the BIA which
provides for, or would permit directly or indirectly, Agent or any Lender to be classified with any other creditor as an “affected” creditor for purposes of such plan or proposal or otherwise. 

5.15 Preparation of Environmental Reports. If the Required Lenders have a reasonable basis to believe, based on information
that is publicly available or provided to the Administrative Agent or the Lenders, that a material Environmental Liability has arisen at or in connection with any Mortgaged Property, then at the written request of the Required Lenders, the Borrower
shall cause to be prepared an environmental site assessment report for any such Mortgaged Property described in such request, prepared by an environmental consulting firm reasonably acceptable to the Administrative Agent, indicating the presence or
absence of Hazardous Materials and the estimated cost of any compliance, removal or remedial action required under any applicable Environmental Law in connection with any Hazardous Materials on such properties. 

5.16 Post-Closing Matters. Execute and Deliver the documents and complete the tasks set forth on Schedule 5.16, in
each case within the time limits specified on such schedule (unless Agent, in its reasonable discretion, shall have agreed to any particular longer period). 
 6. NEGATIVE COVENANTS. 
 Each Loan Party covenants and agrees that, until
termination of all of the Commitments and payment in full of the Obligations, the Loan Parties will not and will not permit any of their Restricted Subsidiaries to do any of the following: 

6.1 Indebtedness. Create, incur, assume, suffer to exist, guarantee, or otherwise become or remain, directly or indirectly,
liable with respect to any Indebtedness, except for Permitted Indebtedness. 
 6.2 Liens. Create, incur,
assume, or suffer to exist, directly or indirectly, any Lien on or with respect to any of its assets, of any kind, whether now owned or hereafter acquired, or any income or profits therefrom, except for Permitted Liens. 

6.3 Restrictions on Fundamental Changes. 

(a) Merge, dissolve, liquidate, consolidate or amalgamate with or into another Person, or dispose of (whether in one
transaction or in a series of transactions) all or substantially all of its assets (whether now owned or hereafter acquired) to or in favor of any Person, except that, so long as on the date of any of the foregoing and after giving effect thereto,
no Default or Event of Default shall exist or have occurred and be continuing: 
 (i) (A) any Non-Loan Party may
merge, consolidate, amalgamate or liquidate with or into another Non-Loan Party, whether to effect a corporation reorganization or otherwise and (B) any Non-Loan Party or any Loan Party may merge, consolidate, amalgamate or liquidate with or
into another Loan Party, including any such merger, consolidation or amalgamation, the purpose of which is to effect a corporate reorganization or to change the jurisdiction of Parent or any Subsidiary, so long as (1) in the case of any merger,
consolidation or amalgamation of a Loan Party with a Non-Loan Party, the Loan Party is the surviving corporation and (2) in any merger, consolidation or amalgamation of a US Loan Party the survivor remains organized under the laws of a State
within the United States and in the case of any Canadian Loan Party the survivor remains organized under the laws of a jurisdiction in Canada, and 

  
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in any case the Loan Parties are in compliance with, and comply with, the Loan Documents, provided, that, any Accounts or Inventory acquired by a Borrower from a Guarantor shall not
be Eligible Accounts or Eligible Inventory until such time as Agent shall have completed a field examination with respect thereto and such other due diligence reasonably requested by Agent, in a manner and with results reasonably satisfactory to
Agent; 
 (ii) any Loan Party may sell or otherwise dispose of all or substantially all of its assets (upon
voluntary liquidation or otherwise) to Parent or to another Loan Party; 
 (iii) any Non-Loan Party may dispose
of all or substantially all its assets (including any disposition that is in the nature of a liquidation) to (A) another Non-Loan Party or (B) to a Loan Party, provided, that, any Accounts or Inventory acquired by a Borrower
pursuant to such disposition shall not be Eligible Accounts or Eligible Inventory until such time as Agent shall have completed a field examination with respect thereto and such other due diligence reasonably requested by Agent, in a manner and with
results reasonably satisfactory to Agent; 
 (iv) Parent and its Subsidiaries may consummate the ColorMatrix
Acquisition; 
 (v) in connection with any Permitted Acquisition, any Subsidiary of Parent may merge into, or
consolidate or amalgamate with, any other Person or permit any other Person to merge into, or consolidate or amalgamate with, it; provided that (A) the Person surviving such merger, consolidation or amalgamation shall be a Subsidiary of Parent
and (B) in the case of any such merger, consolidation or amalgamation to which any Loan Party (other than Parent) is a party, such Loan Party is the surviving Person; 

(vi) Parent and its Subsidiaries may consummate any Permitted Disposition. 

(b) suspend or terminate all or a substantial portion of its or their business, except as permitted pursuant to this
Section 6.3 or in connection with the transactions permitted pursuant to Section 6.4. 
 6.4
Disposal of Assets. Convey, sell, lease, license, assign, transfer, or otherwise dispose of any assets of Parent or any of its Restricted Subsidiaries, except for Permitted Dispositions or transactions expressly permitted by
Sections 6.3 or 6.11. 
 6.5 Nature of Business. Engage in any material line of business
substantially different from those lines of business conducted by Parent and its Restricted Subsidiaries on the date hereof or any business substantially related or incidental thereto. 

6.6 Certain Payments of Debt and Amendments. 

(a) Prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof in any manner
(including by sinking fund payment or other acquisition for value), or otherwise set aside or deposit funds with a trustee therefor or hold restricted cash for such purpose before the date required for the purpose of paying any portion of such
Indebtedness when due) any of its Indebtedness, or make any payment in violation of any subordination terms of any Indebtedness, except with respect to: 
 (i) the Indebtedness hereunder or under the other Loan Documents, 

(ii) as to payments in respect of any other Permitted Indebtedness not subject to the provisions below in this
Section 6.6, regularly scheduled or mandatory repayments or redemptions as and 

  
 53 

 
when due in respect of such Indebtedness in accordance with the terms thereof (and in the case of Subordinated Debt if such payment is permitted at such time under the subordination terms and
conditions set forth therein or applicable thereto); 
 (iii) the Indebtedness of any Non-Loan Party; 

(iv) (A) regularly scheduled payments of principal and interest or other mandatory payments in each case as and when due
in accordance with the terms of the Term Loan Documents (other than those subject to clause (B) hereof), and (B) payments in respect of the principal amount of the Term Loan Indebtedness based on excess cash flow of Parent or any of its
Subsidiaries or similar measures; provided, that, no such payment based on excess cash flow or such similar measures may be made unless each of the following conditions is satisfied: (1) the daily average of the Excess
Availability during the immediately preceding forty-five (45) consecutive day period shall have been not less than fifteen percent (15%) of the Maximum Credit and the Excess Availability at any time during the immediately preceding
forty-five (45) consecutive day period shall have been not less than ten percent (10%) of the Maximum Credit, and after giving effect to such payment, on a pro forma basis using the most recent calculation of the Borrowing Base immediately
prior to any such payment, the Excess Availability shall be not less than fifteen percent (15%) of the Maximum Credit, and (2) as of the date of any such payment and after giving effect thereto, no Default or Event of Default shall exist
or have occurred and be continuing, provided, that, in the event that any such payments based on excess cash flow or similar measures may not be made at any time as a result of the failure to satisfy the conditions set forth above, any
such payment may be made thereafter at any time that such conditions are satisfied, 
 (v) optional prepayments
and redemptions of Indebtedness; provided, that, as to any such optional prepayment or redemption, each of the following conditions is satisfied: 
 (A) as of the date of such optional prepayment or redemption, and after giving effect thereto, no Default or Event of Default shall exist or have occurred and be continuing; 

(B) (1) the daily average of the Excess Availability during the immediately preceding forty-five (45) consecutive
day period shall have been not less than twenty percent (20%) of the Maximum Credit, (2) the Excess Availability at all times time during the immediately preceding forty-five (45) consecutive day period shall have been not less than
ten percent (10%) of the Maximum Credit, (3) the daily average of the US Excess Availability during the immediately preceding forty-five (45) consecutive day period shall have been not less than fifteen percent (15%) of the
Maximum Credit and (4) the US Excess Availability at all times time during the immediately preceding forty-five (45) consecutive day period shall have been not less than ten percent (10%) of the Maximum Credit, and after giving effect
to any such payment in respect thereof, on a pro forma basis using the most recent calculation of the Borrowing Base immediately prior to any such payment, the Excess Availability and the US Excess Availability shall be not less than the applicable
amounts specified above, 
 (C) Agent shall have received reasonably satisfactory monthly projections for the
period that is the lesser of six (6) months or until the end of the then current fiscal year after the date of such payment showing, on a pro forma basis after giving effect to the payment, (1) minimum Excess Availability at all times
during such period of not less than twenty percent (20%) of the Maximum Credit and (2) minimum US Excess Availability at all times during such period of not less fifteen percent (15%) of the Maximum Credit; provided,
that, this clause (C) shall not be applicable so long as: (x) the amount of any such prepayment or redemption is less than $20,000,000 and the aggregate amount of all such optional prepayments or redemption in any fiscal year of
Parent are less than $30,000,000 and (y) at the time of making any such optional prepayment or redemption, the sum of the Excess Availability plus 

  
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Qualified Cash is greater than $125,000,000 (and on and after any assets of ColorMatrix Group, Inc. or any of its Subsidiaries may be included in the Borrowing Base, greater than $140,000,000);

 (D) Agent shall have received prior written notice of any such prepayment or redemption specifying the
Indebtedness such prepayment or redemption is related to, the amounts and the anticipated date of the prepayment or redemption, provided, that, this clause (D) shall not be applicable so long as: (x) the amount of any such
prepayment or redemption is less than $20,000,000 and the aggregate amount of all such optional prepayments or redemption in any fiscal year of Parent are less than $30,000,000 and (y) at the time of making any such optional prepayment or
redemption, the sum of the Excess Availability plus Qualified Cash is greater than $125,000,000 (and on and after any assets of ColorMatrix Group, Inc. or any of its Subsidiaries may be included in the Borrowing Base, greater than $140,000,000);

 (vi) so long as no Default or Event of Default exists or has occurred and is continuing, optional prepayments
of principal in respect of Indebtedness evidenced by the 2015 Notes, 
 (vii) the termination, satisfaction or
defeasance of the Series G Guarantee, 
 (viii) prepayments in respect of Indebtedness with proceeds of
Refinancing Indebtedness as permitted in the definition of the term Permitted Indebtedness; 
 (ix) optional
prepayments and redemptions of Indebtedness solely with the proceeds of the issuance and sale of Equity Interests of Parent, provided, that, as of the date of any such prepayment or redemption, and after giving effect thereto, no Event
of Default shall exist or have occurred and be continuing; 
 (x) optional prepayments by a Loan Party of
Indebtedness owing to another Loan Party, optional prepayments by a Non-Loan Party of Indebtedness owing to another Non-Loan Party and optional prepayments by a Non-Loan Party of Indebtedness owing to a Loan Party; 

(b) Directly or indirectly, to amend, modify, or change (or permit the amendment, modification or other change in any
manner of) any of the terms or provisions of: 
 (i) any agreements, documents or instruments in respect of any
Subordinated Debt or any agreements related to the Indebtedness permitted under clauses (b), (o), and (p) of the definition of Permitted Indebtedness, except (A) to the extent permitted under any intercreditor or subordination agreement
applicable thereto or (B) with written notice to Agent prior to or contemporaneously therewith, any amendment, modification or other change to the terms thereof to make the terms thereof in any manner materially adverse to Agent or Lenders
taken as a whole (it being understood that if the Weighted Average Life to Maturity of such Indebtedness after giving effect thereto is less than the Weighted Average Life to Maturity immediately prior to giving effect thereto in any material
respect, or if the change is to make the covenants and events of default more restrictive or burdensome, in each case in any material respect taken as a whole as to any such amendments effective at or about the same time, or to adversely affect the
ability of a Loan Party to borrow hereunder or to amend, modify, renew or supplement the terms of this Agreement or any of the other Loan Documents, it shall in any event be so materially adverse) and in the case of Subordinated Debt, only after
prior written notice to Agent; 
 (ii) the Governing Documents of any Loan Party, except for amendments,
modifications or other changes that are not materially adverse to Agent and Lenders taken as a whole and do not adversely affect in any material respect the ability of a Loan Party to borrow hereunder or to amend, modify, renew or supplement the
terms of this Agreement or any of the other Loan Documents. 

  
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 6.7 Burdensome Agreements. Enter into or permit to exist any encumbrance or
restriction (other than this Agreement or any other Loan Document, the Term Loan Documents, or documents governing the 2015 Notes, the 2020 Notes and the Series G Guarantee) that (a) limits the ability (i) of any Subsidiary to make
Restricted Payments to any Loan Party or to otherwise transfer property to or invest in any Loan Party, (ii) of any Subsidiary to guarantee the Indebtedness of any Loan Party or (iii) of Parent or any Subsidiary to create, incur, assume or
suffer to exist Liens on property of such Person; provided, that, this clause (iii) shall not prohibit any negative pledge incurred or provided in favor of any holder of Permitted Purchase Money Indebtedness solely to the extent any such
negative pledge relates to the property financed by or the subject of such Indebtedness; or (b) requires the grant of a Lien to secure an obligation of such Person if a Lien is granted to secure another obligation of such Person;
provided, that, this Section 6.7 shall not prohibit (i) restrictions contained in any agreement in effect (A) (1) on the date hereof and set forth on Schedule 6.7 and (2) to the extent the
restrictions permitted by clause (1) are set forth in an agreement evidencing Indebtedness, are set forth in any agreement evidencing any Refinancing Indebtedness in respect of such Indebtedness so long as such renewal, extension or refinancing
does not expand the scope of the restrictions described in clause (a) or (b) that are contained in such agreement or (B) at the time any Subsidiary becomes a Subsidiary of Parent, so long as such agreement was not entered into solely
in contemplation of such Person becoming a Subsidiary of Parent, (ii) restrictions that are binding on a Restricted Subsidiary at the time such Restricted Subsidiary first becomes a Restricted Subsidiary, so long as such restriction was not
entered into in contemplation of such Person becoming a Restricted Subsidiary, (iii) restrictions that arise in connection with any Permitted Disposition, (iv) are customary provisions in joint venture agreements and other similar
agreements applicable to joint ventures constituting Permitted Investments, (v) any restrictions imposed by any agreement related to Indebtedness constituting Permitted Indebtedness under clause (r) of the definition of such term or
Refinancing Indebtedness with respect thereto, to the extent such restrictions are not more restrictive, taken as a whole, than the restrictions contained in this Agreement and in any event permit Liens on the Collateral to secure the Obligations,
(vi) are customary restrictions on leases, subleases, licenses or asset sale agreements otherwise permitted hereby so long as such restrictions may relate to the assets subject thereto, (vii) comprise restrictions or Liens imposed by any
agreement relating to Permitted Purchase Money Indebtedness to the extent that such restrictions apply only to the property or assets securing such Indebtedness or (viii) are customary provisions restricting subletting or assignment of any
lease governing a leasehold interest. 
 6.8 Restricted Payments. Declare or make, or pay, directly or indirectly,
any Restricted Payment, except: 
 (a) each Restricted Subsidiary of Parent may make Restricted Payments to a
Loan Party; 
 (b) each Non-Loan Party may make Restricted Payments to another Non-Loan Party or to a Loan Party;

 (c) Parent and each Subsidiary may declare and make dividend payments or other distributions payable solely in
Equity Interests of such Person (other than Disqualified Equity Interests); 
 (d) Parent and each Subsidiary may
purchase, redeem or otherwise acquire its common Equity Interests with the proceeds received from the substantially concurrent issue of new common Equity Interests; 

(e) any Subsidiary of Parent may pay or make distributions to Parent that are used to make substantially contemporaneous
payments to, and Parent may make payments to, repurchase or redeem Equity Interests and options to purchase Equity Interests of Parent held by officers, directors or employees or former officers, directors or employees (or their transferees, estates
or beneficiaries under 

  
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their estates) of Parent pursuant to any management equity subscription agreement, employee agreement or stock option agreement or other agreement with such officer, director or employee or
former officer, director or employee; provided, that, the aggregate cash consideration paid for all such payments, repurchases or redemptions shall not in any fiscal year of Parent exceed $2,000,000; 

(f) Parent may repurchase its Equity Interests to the extent such repurchase is deemed to occur upon (i) the non-cash
exercise of stock options to the extent such Equity Interests represents a portion of the exercise price of such options and (ii) the withholding of a portion of such Equity Interests to pay taxes associated therewith, 

(g) the purchase of fractional shares of Equity Interests of Parent or any Subsidiary arising out of stock dividends,
splits or combinations or business combinations; and 
 (h) Loan Parties may make other Restricted Payments not
otherwise expressly provided for in this Section 6.8 in the case of any such Restricted Payments, provided, that, each of the following conditions is satisfied: 

(i) as of the date of such Restricted Payment, and after giving effect thereto, no Default or Event of Default shall exist
or have occurred and be continuing, 
 (ii) (A) the daily average of the Excess Availability during the
immediately preceding forty-five (45) consecutive day period shall have been not less than twenty percent (20%) of the Maximum Credit, (B) the Excess Availability at all times during the immediately preceding forty-five
(45) consecutive day period shall have been not less than ten percent (10%) of the Maximum Credit, (C) the daily average of the US Excess Availability during the immediately preceding forty-five (45) consecutive day period shall
have been not less than fifteen percent (15%) of the Maximum Credit, and (D) the US Excess Availability at all times during the immediately preceding forty-five (45) consecutive day period shall have been not less than ten percent
(10%) of the Maximum Credit, and after giving effect to any such Restricted Payment in respect thereof, on a pro forma basis using the most recent calculation of the Borrowing Base immediately prior to any such payment, the Excess Availability
and the US Excess Availability shall be not less than the applicable amounts specified above, 
 (iii) Agent
shall have received reasonably satisfactory monthly projections for the period that is the lesser of six (6) months or until the end of the then current fiscal year after the date of such Restricted Payment showing, on a pro forma basis after
giving effect to the Restricted Payment, (A) minimum Excess Availability at all times during such period of not less than twenty percent (20%) of the Maximum Credit and (B) minimum US Excess Availability at all times during such
period of not less fifteen percent (15%) of the Maximum Credit, provided, that, this clause (iii) shall not be applicable in respect of the repurchase by Parent of its Equity Interests so long as the aggregate amount of all
such Restricted Payments in the 2012 fiscal year of Parent are less than $50,000,000 and in any fiscal year of Parent thereafter are less than $40,000,000; 
 (iv) Agent shall have received prior written notice of any such Restricted Payment specifying the amounts, the type of payment (such as dividend, repurchase of shares, redemption of shares or other type),
the shares in respect of which the dividend is being paid or the shares that are being repurchased or redeemed and the anticipated date of the payment (or, if prior written notice is not required pursuant to the following proviso, Administrative
Borrower shall use commercially reasonable efforts to provide Agent notice within five (5) Business Days after such Restricted Payment is made), provided, that, the prior written notice required under this clause (iv) shall
not be applicable so long as the aggregate amount of all such Restricted Payments in the 2012 fiscal year of Parent are less than $50,000,000 and the 

  
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aggregate amount of all such Restricted Payments in any fiscal year of Parent thereafter are less than $40,000,000; 

(i) any transaction permitted under Section 6.3 or a Permitted Disposition to the extent constituting a
Restricted Payment. 
 6.9 Accounting Methods. Modify or change its fiscal year or its method of accounting (other
than as may be permitted under, and in accordance with, GAAP); provided, that, in the event of any such modification or change to the method of accounting after the date hereof that affects the covenants in Section 7
hereof, Administrative Borrower may by notice to Agent, or Agent may, and at the request of Required Lenders shall, by notice to Administrative Borrower request that Agent and the Administrative Borrower negotiate in good faith to amend such ratio
or requirement to preserve the original intent thereof in light of such modification or change (subject to the approval of the Required Lenders); provided, that, until so amended, (a) such ratio or requirement shall continue to be
computed in accordance with the method of accounting under GAAP prior to such modification or change and (b) Administrative Borrower shall provide to Agent and Lenders financial statements and other documents required under this Agreement or as
reasonably requested hereunder setting forth a reconciliation between calculations of such ratio or requirement made before and after giving effect to such modification or change. 

6.10 Investments; Controlled Investments. Directly or indirectly, make or acquire any Investment, except for
Permitted Investments. 
 6.11 Transactions with Affiliates. Directly or indirectly, enter into any transaction of
any kind with an Affiliate of Parent, whether or not in the ordinary course of business, other than on fair and reasonable terms no less favorable to Parent or such Subsidiary than Parent or such Subsidiary would obtain in a comparable arm’s
length transaction with a person that is not an Affiliate, except for: 
 (a) any employment, consulting,
severance or compensation arrangement or agreement, employee benefit plan or arrangement, officer or director indemnification agreement or any similar arrangement or other compensation arrangement entered into by Parent or any of its Subsidiaries in
the ordinary course of business and payments, issuance of securities or awards pursuant thereto, and including the grant of stock options, restricted stock, stock appreciation rights, phantom stock awards or similar rights to employees and directors
in each case approved by the Board of Directors of such Parent or such Subsidiary; 
 (b) transactions
exclusively between or among Loan Parties (or any person becoming a Loan Party upon the consummation of such transaction), and transactions exclusively between or among Non-Loan Parties (or any Person becoming a Subsidiary of parent upon the
consummation of such transaction), provided that such transactions are not otherwise prohibited by this Agreement; 
 (c) the direction by Parent of the environmental remediation activities with respect to certain Real Property of Altona Properties Pty Ltd., and including making arrangements for the payment of the costs
of remediation with the proceeds of Permitted Investments by Parent in such person. 
 6.12 .Use of Proceeds. Use
the proceeds of any loan made hereunder for any purpose other than (a) on the Closing Date, (i) to repay, in full, the outstanding principal, accrued interest, and accrued fees and expenses owing under or in connection with the Existing
Credit Facility, the Existing Securitization Facility and the 2012 Notes and (ii) to pay transactional fees, costs, and expenses incurred in connection with this Agreement, the other Loan Documents, the ColorMatrix Acquisition and the
transactions contemplated hereby and thereby, and (b) thereafter, consistent with the terms and conditions hereof, for their lawful and general corporate purposes (including that no part of the proceeds of the loans made to

  
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Borrowers will be used to purchase or carry any such Margin Stock or to extend credit to others for the purpose of purchasing or carrying any such margin stock or for any purpose that violates
the provisions of Regulation T, U or X of the Board of Governors of the United States Federal Reserve). 
 6.13 Specified
Canadian Pension Plans. Maintain, sponsor, administer, contribute to, participate in or assume or incur any liability in respect of any Specified Canadian Pension Plan, or acquire an interest in any Person if such Person sponsors,
administers, contributes to, participates in or has any liability in respect of, any Specified Canadian Pension Plan. 
 6.14
Designation of Senior Debt. Designate any Indebtedness (other than the Indebtedness under the Loan Documents and the Term Loan Facility) of Parent or any of its Subsidiaries as “Designated Senior Debt” (or any similar term)
under, and as defined in, any Subordinated Debt. 
 6.15 2020 Notes. Permit or give rise to any Indebtedness or
obligation that will require the granting of a security interest, lien or other encumbrance to holders of the 2020 Notes. 
 7. FINANCIAL
COVENANTS. Each Borrower covenants and agrees that, until termination of all of the Commitments and payment in full of the Obligations: 
 7.1 Fixed Charge Coverage Ratio. At any time that (i) Excess Availability is less than ten percent (10%) of the Maximum Credit for any one (1) Business Day, (b) US Excess
Availability is less than seven and one-half percent (7.5%) of the Maximum Credit for any (1) one Business Day, (c) Excess Availability is less than twelve and one-half percent (12.5%) of the Maximum Credit for any three
(3) consecutive Business Days or (d) US Excess Availability is less than ten percent (10%) of the Maximum Credit for any three (3) consecutive Business Days, the Fixed Charge Coverage Ratio of Parent and its Subsidiaries (on a
consolidated basis), for the most recently ended period of twelve (12) consecutive months for which Agent has received financial statements, shall not be less than 1.10 to 1.00. 

7.2 Capital Expenditures. Parent and its Restricted Subsidiaries shall not make or become legally obligated to make any
Capital Expenditure, except for Capital Expenditures not exceeding, in the aggregate for Parent and its Restricted Subsidiaries during each fiscal year set forth below, the amount set forth opposite such fiscal year: 

 

					
	 Fiscal Year
	  	Amount	 
	 Closing date to December 31, 2011
	  	$	25,000,000	  
	 2012
	  	$	90,000,000	  
	 2013
	  	$	75,000,000	  
	 2014
	  	$	65,000,000	  
	 2015 and each fiscal year thereafter
	  	$	60,000,000	  

 provided, that, so long as no Default or Event of Default exists or has occurred and is continuing or would
result from such expenditure, (a) any portion of any amount set forth above, if not expended in the fiscal year for which it is permitted above, may be carried over for expenditure in the next following fiscal year;

  
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and (b) if any such amount is so carried over, it will be deemed used in the applicable subsequent fiscal year before the amount set forth opposite such fiscal year above. 

8. EVENTS OF DEFAULT. 

Any one or more of the following events shall constitute an event of default (each, an “Event of Default”) under this
Agreement: 
 8.1 Non-Payment. Borrowers or any other Loan Party fail to pay when due and payable, or when
declared due and payable, (a) all or any portion of the principal of the Obligations (b) pay within three (3) days after the same becomes due, any of the Obligations consisting of interest, or any fee due hereunder, or (iii) pay
within five (5) days after the same becomes due, any other amount payable hereunder or under any other Loan Document; 

8.2 Specific Covenants. Any Loan Party or any of its Restricted Subsidiaries fails to perform or observe any covenant or
other agreement contained in any of (a) Sections 5.1, 5.2, 5.3 (solely as it relates to good standing in its jurisdiction of organization), 5.6, 5.7 (solely if any Borrower refuses to allow Agent or its
representatives or agents to visit such Borrower’s properties, inspect its assets or books or records, examine and make copies of its books and records, or discuss such Borrower’s affairs, finances, and accounts with officers and employees
of such Borrower as required by such Section), 5.11(a), or 5.13, of this Agreement, (b) Sections 6.1 through 6.15 of this Agreement, (c) Section 7 of this Agreement, (d) Sections 3.4,
6.2 (b) and (d), 6.3 and 6.4 of the Security Agreement, or (e) Sections 3.4, 6.2 (b) and (d), 6.3 and 6.4 of the Canadian Security Documents; 

8.3 Other Defaults. 
 (a) Any Loan Party fails to perform or observe any covenant or other agreement contained in Section 5.13 of this Agreement, and such failure continues for a period of five (5) Business Days in
the case of a new location of a chief executive office or of Inventory having a value in excess of $250,000 (or if the Inventory for which Agent has failed to receive notice of the location exceeds $2,500,000 in the aggregate); 

(b) Any Loan Party or any of its Restricted Subsidiaries fails to perform or observe any covenant or other agreement
contained in this Agreement, or in any of the other Loan Documents, in each case, other than any such covenant or agreement that is the subject of another provision of this Section 8 (in which event such other provision of this
Section 8 shall govern), and such failure continues for a period of thirty (30) days after the earlier of (a) an Authorized Officer of any Loan Party becoming aware of such default or (b) receipt by such Loan Party of notice from
Agent or any Lender of such default; 
 8.4 Representations and Warranties. Any representation, warranty,
certification or statement of fact made or deemed made by or on behalf of any Loan Party herein, in any other Loan Document, or in any document delivered in connection herewith or therewith that is qualified as to materiality or Material Adverse
Effect shall be incorrect or misleading and any of the same that is not so qualified shall be incorrect or misleading in any material respect, in each case when made or deemed made; 

8.5 Cross-Default. Any Loan Party or any of its Restricted Subsidiaries (a) fails to make any payment when due
(whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise) in respect of any Indebtedness (other than Indebtedness hereunder) having an aggregate principal amount (including undrawn committed or available amounts and
including amounts owing to all creditors under any combined or syndicated credit arrangement) of more than $35,000,000, or (b) fails to observe or perform any other agreement or condition relating to any such Indebtedness or contained in

  
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any instrument or agreement evidencing, securing or relating thereto, or any other event occurs, the effect of which default or other event is to cause, or to permit the holder or holders of such
Indebtedness (including the beneficiary or beneficiaries of any Indebtedness arising pursuant to a guarantee, or a trustee or agent on behalf of such holder or holders or beneficiary or beneficiaries) to cause (whether or not exercised), with the
giving of notice if required, such Indebtedness to be demanded or to become due or to be repurchased, prepaid, defeased or redeemed (automatically or otherwise), or an offer to repurchase, prepay, defease or redeem such Indebtedness to be made,
prior to its stated maturity, or otherwise to become payable or cash collateral in respect thereof to be demanded, provided, that, this Section shall not apply to secured Indebtedness that becomes due (and is paid in full and otherwise discharged
within five (5) Business Days of initially becoming due (as a result of the voluntary sale or transfer of the property or assets securing such Indebtedness, if such sale or transfer is permitted hereunder and under the documents providing for
such Indebtedness; 
 8.6 Insolvency Proceedings, Etc. Any Loan Party or any of its Restricted Subsidiaries (other
than any Immaterial Subsidiary) commences any Insolvency Proceeding or any Insolvency Proceeding is commenced against a Loan Party or any of its Subsidiaries and any of the following events occurs: (a) such Loan Party or such Subsidiary
consents to the institution of such Insolvency Proceeding against it, (b) the petition commencing the Insolvency Proceeding is not timely controverted, (c) the petition commencing the Insolvency Proceeding is not dismissed within sixty
(60) calendar days of the date of the filing thereof, (d) an interim trustee is appointed to take possession of all or any substantial portion of the properties or assets of, or to operate all or any substantial portion of the business of,
such Loan Party or its Subsidiary, or (e) an order for relief shall have been issued or entered therein; 
 8.7
Inability to Pay Debts; Attachment. (a) Any Loan Party or any of its Restricted Subsidiaries becomes unable or admits in writing its inability or fails generally to pay its debts as they become due, or (b) any writ or warrant of
attachment or execution or similar process is issued or levied against all or any material part of the property of any such Person and is not released, vacated or fully bonded within thirty (30) days after its issue or levy or a stay of
enforcement thereof is not in effect; 
 8.8 Judgments. There is entered against any Loan Party or any of its
Restricted Subsidiaries (a) one or more final judgments or orders for the payment of money in an aggregate amount (as to all such judgments and orders) exceeding $35,000,000 or which in the aggregate with the amounts of any liabilities
described in Section 8.9 below, exceeding $50,000,000 (to the extent not covered by independent third-party insurance as to which the insurer has been notified of the potential claim and does not dispute or decline coverage), or (b) any
one or more final judgments other than for the payment of money, that have, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect and, in either case, (i) enforcement proceedings are commenced by
any creditor upon such judgment or order, (ii) there is a period of thirty (30) consecutive days at any time after the entry of any such judgment, order, or award during which the same is not discharged, satisfied, vacated, or bonded
pending appeal, or (iii) a stay of enforcement of such judgment, by reason of a pending appeal or otherwise, is not in effect; 
 8.9 ERISA. (a) An ERISA Event occurs which has resulted or could reasonably be expected to result in liability of any Loan Party under Title IV of ERISA in an aggregate amount in excess of
the $35,000,000, or which in the aggregate with amounts described in Section 8.8 and Section 8.9(b) below, are in excess of $50,000,000 or (b) any Loan Party or any ERISA Affiliate fails to pay when due, after the expiration of any
applicable grace period, any installment payment with respect to its withdrawal liability under Section 4201 of ERISA in an aggregate amount in excess of $35,000,000, or which in the aggregate with amounts described in Section 8.8 and
Section 8.9(a) above, are in excess of $50,000,000; 

  
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 8.10 Invalidity of Loan Documents. The validity or enforceability of any
provisions of any Loan Document shall at any time for any reason (other than solely as the result of an action or failure to act on the part of Agent or other than as a result of a transaction expressly permitted hereunder or after the payment in
full of the Obligations) cease to be in full force and effect or be declared to be null and void, or any Loan Party or its Subsidiaries purport to revoke, terminate or rescind any provision of any Loan Document, or a proceeding shall be commenced by
a Loan Party or its Subsidiaries, or by any Governmental Authority having jurisdiction over a Loan Party or its Subsidiaries, seeking to establish the invalidity or unenforceability thereof, or a Loan Party or its Subsidiaries shall deny that such
Loan Party or its Subsidiaries has any liability or obligation purported to be created under any Loan Document; 
 8.11
Change of Control. There occurs any Change of Control; 
 8.12 Collateral Documents. The Security
Agreement or any other Loan Document that purports to create a Lien, shall, for any reason, fail or cease to create a valid and perfected and, except to the extent set forth in the Term Loan Intercreditor Agreement, and to the extent of Permitted
Liens that have priority, first priority Lien on (a) the Revolving Loan Priority Collateral purported to be covered thereby or (b) Collateral other than Revolving Loan Priority Collateral, in any one case or in the aggregate as to such
Collateral under this clause (b), having a fair market value in excess of $35,000,000 (except in each case as a result of a transaction permitted under this Agreement), or the subordination provisions contained in any agreement related to any
Subordinated Debt shall cease to be in full force and effect or to give Agent or Lenders the rights, powers and privileges purported to be created thereby; 
 8.13 Forfeiture of Collateral. The indictment by any Governmental Authority, or indictment threatened in writing, by any Governmental Authority of any Loan Party of which any Loan Party or
Agent receives notice, as to which there is a reasonable possibility of an adverse determination, under any criminal statute, or commencement or threatened commencement of criminal or civil proceedings against such Loan Party, in each case pursuant
to which statute or proceedings the penalties or remedies sought or available include forfeiture of (a) any of the Revolving Loan Priority Collateral, (b) any of the Collateral, other than Revolving Loan Priority Collateral, in any one
case or in the aggregate as to such Collateral under this clause (b), having a value in excess of $35,000,000 or (c) any other property of any Loan Party which is necessary or material to the conduct of its business. 

9. RIGHTS AND REMEDIES. 

9.1 Rights and Remedies. Upon the occurrence and during the continuation of an Event of Default, Agent may, and, at the
instruction of the Required Lenders, shall (in each case under clauses (a) or (b) by written notice to Administrative Borrower), in addition to any other rights or remedies provided for hereunder or under any other Loan Document or by
applicable law, do any one or more of the following: 
 (a) declare the Obligations (other than the Bank Product
Obligations), whether evidenced by this Agreement or by any of the other Loan Documents immediately due and payable, whereupon the same shall become and be immediately due and payable and Borrowers shall be obligated to repay all of such Obligations
in full, without presentment, demand, protest, or further notice or other requirements of any kind, all of which are hereby expressly waived by each Borrower; 
 (b) declare the Commitments terminated, whereupon the Commitments shall immediately be terminated together with (i) any obligation of any Lender hereunder to make Revolving Loans, (ii) the
obligation of the Swing Lender to make Swing Loans, and (iii) the obligation of the Issuing Lender to issue Letters of Credit; and 

  
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 (c) exercise all other rights and remedies available to Agent or the Lenders
under the Loan Documents or applicable law. 
 The foregoing to the contrary notwithstanding, upon the occurrence of any Event of Default
described in Section 8.6, in addition to the remedies set forth above, without any notice to any Borrower or any other Person or any act by the Lender Group, the Commitments shall automatically terminate and the Obligations (other than
the Bank Product Obligations), inclusive of all accrued and unpaid interest thereon and all fees and all other amounts owing under this Agreement or under any of the other Loan Documents, shall automatically and immediately become due and payable
and Borrowers shall be obligated to repay all of such Obligations in full, without presentment, demand, protest, or notice of any kind, all of which are expressly waived by each Loan Party. 
 At any time that (i) there is a “Guarantor Event of Default” (as defined in the Series G Guarantee) or (ii) an “Event of Default” (as defined in the Note Purchase Agreement
with respect to the Series G Notes) or (iii) any other event or occurrence that gives rise to the rights or remedies of any holder or holders of the Series G Notes (or party or parties entitled to the benefit of the Series G Guarantee) that are
the same (or substantially the same or in any event requires payment under the Series G Guarantee) as the events described in clauses (i) and (ii), or (iv) in the event of the actual exercise by any of the holders of the Series G Notes or
other party entitled to the benefit of the Series G Guarantee of any rights or remedies under the terms of the Series G Guarantee or the Series G Guarantee Security Agreement or otherwise as a secured creditor (including as the holder of a judgment
lien) of any Loan Party against a material portion of the Collateral (provided, that, such exercise is not subject to any stay or otherwise enjoined at the time of the payment referred to below), Agent may, at its election, or at the direction of
Required Lenders shall, (a) in the event that the Company is required to make a payment under Section 2.1 of the Series G Guarantee, make payment of all amounts owing under or in respect of the Series G Guarantee to any such holders or
beneficiaries (or agent or other representative of such holders or beneficiaries) or to any court to hold for the benefit of such holders or beneficiaries or (b) in the event of a Guarantor Event of Default, purchase on behalf of the Company
the Series G Notes as provided in Section 2.2 of the Series G Guarantee, in which case such Series G Notes shall become the property of the Company. In the event that the payment is a result of a Guarantor Event of Default, then to the extent
that such payment may be deemed a purchase of the Series G Notes under Section 2.2 of the Series G Guarantee, the Series G Notes so purchased shall be the property of the Company. 
 Upon such payment, the amount of the Series G Guarantee Reserve shall be reduced by the amount of such payment and such payment shall be deemed a Revolving Loan hereunder and part of the Obligations,
notwithstanding the existence of any Event of Default or the failure of any other condition precedent. Notwithstanding anything to the contrary in this Agreement or any other Loan Document, Agent is authorized by Borrowers and the Lenders to make
such Revolving Loans. Such Revolving Loans shall bear interest at the rate applicable to Base Rate Loans. 
 Loan Parties waive any claims
against Agent and Lenders in connection with any such payment and agree not to assert any claims against Agent or any Lender in connection with such payment, except in the case of gross negligence or willful misconduct of Agent or such Lender as
determined pursuant to a final, non-appealable order of a court of competent jurisdiction. 
 9.2 Remedies
Cumulative. The rights and remedies of the Lender Group under this Agreement, the other Loan Documents, and all other agreements shall be cumulative. The Lender Group shall have all other rights and remedies not inconsistent herewith as
provided under the Code, the PPSA, by law, or in equity. No exercise by the Lender Group of one right or remedy shall be deemed an election, and no waiver by the Lender Group of any Event of Default shall be deemed a continuing waiver. No delay by
the Lender Group shall constitute a waiver, election, or acquiescence by it. 

  
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 9.3 Appointment of a Receiver. Upon the occurrence and during the continuance
of an Event of Default, Agent may seek the appointment of a receiver, manager or receiver and manager (a “Receiver”) under the laws of Canada or any province thereof to take possession of all or any portion of the Collateral of any Loan
Party or to operate same and, to the maximum extent permitted by law, may seek the appointment of such a Receiver without the requirement of prior notice or a hearing. Any such Receiver shall, to the extent permitted by law, so far as concerns
responsibility for his/her acts, be deemed to be an agent of such Loan Party and not Agent and the Lenders, and Agent and the Lenders shall not be in any way responsible for any misconduct, negligence or nonfeasance on the part of any such Receiver,
or his/her servants or employees, absent the gross negligence, bad faith or willful misconduct of the Agent or the Lenders as determined pursuant to a final, non-appealable order of a court of competent jurisdiction. Subject to the provisions of the
instrument appointing him/her, any such Receiver shall have power to take possession of Collateral of any Loan Party, to preserve Collateral of such Loan Party or its value, to carry on or concur in carrying on all or any part of the business of
such Loan Party and to sell, lease, license or otherwise dispose of or concur in selling, leasing, licensing or otherwise disposing of Collateral of such Loan Party. To facilitate the foregoing powers, any such Receiver may, to the exclusion of all
others, including a Loan Party, enter upon, use and occupy all premises owned or occupied by a Loan Party wherein Collateral of such Loan Party may be situated, maintain Collateral of a Loan Party upon such premises, borrow money on a secured or
unsecured basis and use Collateral of a Loan Party directly in carrying on such Loan Party’s business or as security for loans or advances to enable the Receiver to carry on such Loan Party’s business or otherwise, as such Receiver shall,
in its discretion, determine. Except as may be otherwise directed by Agent, all money received from time to time by such Receiver in carrying out his/her appointment shall be received in trust for and paid over to Agent. Every such Receiver may, in
the discretion of Agent, be vested with all or any of the rights and powers of Agent and the Lenders. Agent may, either directly or through its nominees, exercise any or all powers and rights given to a Receiver by virtue of the foregoing provisions
of this paragraph. 
 9.4 Collection Allocation Mechanism. 

(a) On the first date after the Closing Date on which there shall occur an Event of Default under Section 8.6
or the acceleration of Obligations pursuant to Section 9 (the “CAM Exchange Date”), (i) each Lender shall immediately be deemed to have acquired (and shall promptly make payment therefor to the Agent in accordance
with Section 2.2(b) or 2.2(e)) participations in the Swing Loans, in an amount equal to such Lender’s Pro Rata Share of each US Swing Loan outstanding on such date, (ii) each Lender shall immediately be deemed to have
acquired (and shall promptly make payment therefor to the Agent in accordance with Section 2.9) participations in the Obligations with respect to each Letter of Credit in an amount equal to such Lender’s Pro Rata Share of the
aggregate amount available to be drawn under such Letter of Credit, and (iii) the Lenders shall automatically and without further act be deemed to have exchanged interests in the Revolving Loans and participations in the Swing Loans and Letters
of Credit, such that in lieu of the interest of each Lender in each Revolving Loan and the Obligations with respect to each Swing Loan and Letter of Credit in which it shall participate as of such date (including such Lender’s interest in the
Obligations, Guaranties and Collateral of each Loan Party in respect thereof), such Lender shall hold an interest in every one of the Revolving Loans and a participation in all of the Obligations in respect of Swing Loans and Letters of Credit
(including the Obligations, Guaranties and Collateral of each Loan Party in respect thereof), whether or not such Lender shall previously have participated therein, equal to such Lender’s CAM Percentage thereof (the foregoing exchange being
referred to as the “CAM Exchange”). Each Lender and each Loan Party hereby consents and agrees to the CAM Exchange, and each Lender agrees that the CAM Exchange shall be binding upon its successors and assigns and any person that
acquires a participation in its interests in any Revolving Loan or any participation in any Swing Loan or Letter of Credit. Each Loan Party agrees from time to time to execute and deliver to the Agent all such promissory notes and other instruments
and documents as the Agent shall reasonably request to evidence and confirm the respective interests of the Lenders after giving effect 

  
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to the CAM Exchange, and each Lender agrees to surrender any promissory notes originally received by it in connection with its Revolving Loans hereunder to the Agent against delivery of any
promissory notes evidencing its interests in the Revolving Loans so executed and delivered; provided, that, the failure of any Loan Party to execute or deliver or of any Lender to accept any such promissory note, instrument or document
shall not affect the validity or effectiveness of the CAM Exchange. 
 (b) As a result of the CAM Exchange, upon
and after the CAM Exchange Date, each payment received by Agent pursuant to any Loan Document in respect of any of the Obligations related to the Revolving Loans, the Letters of Credit and the Swing Loans, and all fees, costs and expenses arising
out of or related to any of the foregoing, in each case as provided in the Loan Documents, and each distribution made by the Agent in respect of such Obligations, shall be distributed to the Lenders pro rata in accordance with their respective CAM
Percentages. Any direct payment received by a Lender upon or after the CAM Exchange Date, including by way of setoff, in respect of an Obligation shall be paid over to the Agent for distribution to the Lenders in accordance herewith. 

(c) The provisions of this Section 9.4 are solely an agreement among the Lenders and Agent for the purpose of
allocating risk and the Loan Parties have no additional obligations with respect thereto. 
 (d) For purposes of
this Section 9.4, “CAM Percentage” means, as to each Lender, a fraction, expressed as a percentage, of which (i) the numerator shall be the US Dollar Equivalent of the aggregate amount of any Obligations owed to
such Lender pursuant to the Loan Documents in respect of Revolving Loans, Letters of Credit and Swing Loans (including, without duplication, as to participations in Letters of Credit and Swing Loans), and fees, costs and expenses with respect to any
of the foregoing, whether or not then due and payable, in each case immediately prior to the CAM Exchange Date, and (ii) the denominator shall be the US Dollar Equivalent of the aggregate amount of any Obligations owed to Lenders pursuant to
the Loan Documents in respect of Revolving Loans, Letters of Credit and Swing Loans (including, without duplication, as to participations in Letters of Credit and Swing Loans), and fees, costs and expenses with respect to any of the foregoing,
whether or not then due and payable, in each case immediately prior to the CAM Exchange Date. 
 10. WAIVERS; INDEMNIFICATION.

 10.1 Demand; Protest; etc. Each Borrower waives demand, protest, notice of protest, notice of default or
dishonor, notice of payment and nonpayment, nonpayment at maturity, release, compromise, settlement, extension, or renewal of documents, instruments, chattel paper, and guarantees at any time held by the Lender Group pursuant to the Loan Documents
on which such Borrower may in any way be liable. 
 10.2 The Lender Group’s Liability for Collateral. Each
Borrower hereby agrees that: (a) so long as Agent complies with its obligations, if any, under the Code and the PPSA, the Lender Group shall not in any way or manner be liable or responsible for: (i) the safekeeping of the Collateral,
(ii) any loss or damage thereto occurring or arising in any manner or fashion from any cause, (iii) any diminution in the value thereof, or (iv) any act or default of any carrier, warehouseman, bailee, forwarding agency, or other
Person, and (b) all risk of loss, damage, or destruction of the Collateral shall be borne by Borrowers. 
 10.3
Indemnification. Borrowers shall pay, indemnify, defend, and hold the Agent-Related Persons, the Lender-Related Persons, and each Participant (each, an “Indemnified Person”) harmless (to the fullest extent permitted by law)
from and against any and all claims, demands, suits, actions, investigations, proceedings, liabilities, fines, costs, penalties, and damages, and all reasonable fees and disbursements of one counsel retained by Agent on behalf of the Indemnified
Persons, experts, or consultants and all other costs and expenses actually incurred in connection therewith or in connection 

  
 65 

 
with the enforcement of this indemnification (as and when they are incurred and irrespective of whether suit is brought), at any time asserted against, imposed upon, or incurred by any of them
(a) in connection with or as a result of or related to the execution and delivery (provided that Borrowers shall not be liable for costs and expenses (including attorneys fees) of any Lender (other than WFCF) incurred in advising, structuring,
drafting, reviewing, administering or syndicating the Loan Documents), enforcement, performance, or administration (including any restructuring or workout with respect hereto) of this Agreement, any of the other Loan Documents, or the transactions
contemplated hereby or thereby or the monitoring of Parent’s and its Subsidiaries’ compliance with the terms of the Loan Documents (provided, that, the indemnification in this clause (a) shall not extend to
(i) disputes solely between or among the Lenders or (ii) disputes solely between or among the Lenders and their respective Affiliates; it being understood and agreed that the indemnification in this clause (a) shall extend to Agent
(but not the Lenders) relative to disputes between or among Agent on the one hand, and one or more Lenders, or one or more of their Affiliates, on the other hand, or (iii) any Taxes or any costs attributable to Taxes, which shall be governed by
Section 16), (b) with respect to any investigation, litigation, or proceeding related to this Agreement, any other Loan Document, or the use of the proceeds of the credit provided hereunder (irrespective of whether any Indemnified
Person is a party thereto), or any act, omission, event, or circumstance in any manner related thereto, and (c) in connection with or arising out of any presence or release of Hazardous Materials at, on, under, to or from any assets or
properties owned, leased or operated by Parent or any of its Subsidiaries or any Environmental Actions, Environmental Liabilities or Remedial Actions related in any way to any such assets or properties of Parent or any of its Subsidiaries (each and
all of the foregoing, the “Indemnified Liabilities”). The foregoing to the contrary notwithstanding, no Borrower shall have any obligation to any Indemnified Person under this Section 10.3 with respect to any Indemnified
Liability that a court of competent jurisdiction finally determines to have resulted from the bad faith, gross negligence or willful misconduct of such Indemnified Person or its officers, directors, employees, attorneys, or agents as determined
pursuant to a final non-appealable order of a court of competent jurisdiction. This provision shall survive the termination of this Agreement and the repayment of the Obligations. If any Indemnified Person makes any payment to any other Indemnified
Person with respect to an Indemnified Liability as to which any Borrower was required to indemnify the Indemnified Person receiving such payment, the Indemnified Person making such payment is entitled to be indemnified and reimbursed by Borrowers
with respect thereto. WITHOUT LIMITATION, THE FOREGOING INDEMNITY SHALL APPLY TO EACH INDEMNIFIED PERSON WITH RESPECT TO INDEMNIFIED LIABILITIES WHICH IN WHOLE OR IN PART ARE CAUSED BY OR ARISE OUT OF ANY NEGLIGENT ACT OR OMISSION OF SUCH
INDEMNIFIED PERSON OR OF ANY OTHER PERSON. 
 11. NOTICES. 
 Unless otherwise provided in this Agreement, all notices or demands relating to this Agreement or any other Loan Document shall be in writing and (except for financial statements and other informational
documents which may be sent by first-class mail, postage prepaid) shall be personally delivered or sent by registered or certified mail (postage prepaid, return receipt requested), overnight courier, electronic mail (at such email addresses as a
party may designate in accordance herewith), or telefacsimile. In the case of notices or demands to Loan Parties or Agent, as the case may be, they shall be sent to the respective address set forth below: 

 

			
	 If to Loan Parties:
	  	 PolyOne Corporation
 33587
Walker Road
 Avon Lake, Ohio 44012

		  	 Attn: Treasurer
 Fax No.
(440) 930-3064

  
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	 with copies to:
	  	 PolyOne Corporation
 33587
Walker Road
 Avon Lake, Ohio 44012

Attn: Secretary
 Fax No. (440)
930-3064

		
	 If to Agent:
	  	 Wells Fargo Capital Finance, LLC
 One Boston Place
 Boston, Massachusetts 02108

Attn: Portfolio Manager - PolyOne
 Fax No. (617)
523-3077

		
	 with copies to:
	  	 Otterbourg, Steindler, Houston & Rosen, P.C.
 230 Park Avenue
 New York, New York 10169
 Attn: David W. Morse, Esq.
 Fax No. (917) 368-7122

 Any party hereto may change the address at which they are to receive notices hereunder, by notice in
writing in the foregoing manner given to the other party. All notices or demands sent in accordance with this Section 11, shall be deemed received on the earlier of the date of actual receipt or three (3) Business Days after the
deposit thereof in the mail; provided, that (a) notices sent by overnight courier service shall be deemed to have been given when received, (b) notices by facsimile shall be deemed to have been given when sent (except that, if not
given during normal business hours for the recipient, shall be deemed to have been given at the opening of business on the next Business Day for the recipient) and (c) notices by electronic mail shall be deemed received upon the sender’s
receipt of an acknowledgment from the intended recipient (such as by the “return receipt requested” function, as available, return email or other written acknowledgment). 
 12. CHOICE OF LAW AND VENUE; JURY TRIAL WAIVER. 
 (a) THE
VALIDITY OF THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS (UNLESS EXPRESSLY PROVIDED TO THE CONTRARY IN ANOTHER LOAN DOCUMENT IN RESPECT OF SUCH OTHER LOAN DOCUMENT), THE CONSTRUCTION, INTERPRETATION, AND ENFORCEMENT HEREOF AND THEREOF, AND THE RIGHTS
OF THE PARTIES HERETO AND THERETO WITH RESPECT TO ALL MATTERS ARISING HEREUNDER OR THEREUNDER OR RELATED HERETO OR THERETO SHALL BE DETERMINED UNDER, GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 

(b) THE PARTIES AGREE THAT ALL ACTIONS OR PROCEEDINGS ARISING IN CONNECTION WITH THIS AGREEMENT AND THE OTHER LOAN
DOCUMENTS SHALL BE TRIED AND LITIGATED ONLY IN THE STATE AND, TO THE EXTENT PERMITTED BY APPLICABLE LAW, FEDERAL COURTS LOCATED IN THE COUNTY OF NEW YORK, STATE OF NEW YORK; PROVIDED, THAT ANY SUIT SEEKING ENFORCEMENT AGAINST ANY
COLLATERAL OR OTHER PROPERTY MAY BE BROUGHT, AT AGENT’S OPTION, IN THE COURTS OF ANY JURISDICTION WHERE AGENT ELECTS TO BRING SUCH ACTION OR WHERE SUCH COLLATERAL OR OTHER PROPERTY MAY BE FOUND. EACH LOAN PARTY AND EACH MEMBER OF THE LENDER
GROUP WAIVE, TO THE EXTENT PERMITTED UNDER APPLICABLE LAW, ANY RIGHT EACH MAY HAVE TO 

  
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ASSERT THE DOCTRINE OF FORUM NON CONVENIENS OR TO OBJECT TO VENUE TO THE EXTENT ANY PROCEEDING IS BROUGHT IN ACCORDANCE WITH THIS SECTION 12(b). 

(c) TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, EACH LOAN PARTY AND EACH MEMBER OF THE LENDER GROUP HEREBY WAIVE
THEIR RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF ANY OF THE LOAN DOCUMENTS OR ANY OF THE TRANSACTIONS CONTEMPLATED THEREIN, INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS, AND ALL
OTHER COMMON LAW OR STATUTORY CLAIMS. EACH LOAN PARTY AND EACH MEMBER OF THE LENDER GROUP REPRESENT THAT EACH HAS REVIEWED THIS WAIVER AND EACH KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. IN THE
EVENT OF LITIGATION, A COPY OF THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT. 

(d) EACH PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY SUBMITS TO THE EXCLUSIVE JURISDICTION OF THE STATE AND
FEDERAL COURTS LOCATED IN THE COUNTY OF NEW YORK AND THE STATE OF NEW YORK, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO ANY LOAN DOCUMENTS, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT. EACH OF THE PARTIES HERETO AGREES THAT A
FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY
RIGHT THAT AGENT MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AGAINST ANY LOAN PARTY OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION. 

13. ASSIGNMENTS AND PARTICIPATIONS; SUCCESSORS. 
 13.1 Assignments and Participations. 
 (a) Any Lender
may at any time assign to one or more Eligible Transferees (each, an “Assignee”) all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Obligations at the time owing to it
and its participation interests in Letters of Credit, Swing Loans and Overadvances), provided, that, any such assignment shall be subject to the following conditions: 

(i) The aggregate amount of the Commitment or, if the applicable Commitment is not then in effect, the principal
outstanding balance of the Obligations of the assigning Lender subject to such assignment shall be not less than $5,000,000, unless the Agent otherwise consents, except that such minimum amount shall not apply to (A) an assignment or delegation
by any Lender to any other Lender, an Affiliate of any Lender or an Related Fund or (B) a group of new Lenders, each of which is an Affiliate of each other or a Related Fund of such new Lender to the extent that the aggregate amount to be
assigned to all such new Lenders is at least $5,000,000 or (C) in the case of an assignment of the entire remaining amount of the assigning Lender’s Commitment and/or Obligations at the time owing to it; 

  
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 (ii) Each partial assignment shall be made as an assignment of a
proportionate part of all the assigning Lender’s rights and obligations under this Agreement; 
 (iii) No
consent shall be required for any assignment except: (A) the consent of the Administrative Borrower shall be required, which consent shall not be unreasonably withheld, conditioned or delayed; provided, that (1) Administrative Borrower
shall be deemed to have consented to a proposed assignment unless it objects thereto by written notice to Agent within ten (10) Business Days after having received notice thereof and (2) no consent of Administrative Borrower shall be
required for an assignment to another Lender, an Affiliate of a Lender, a Related Fund or, if Default or an Event of Default has occurred and is continuing or at any time prior to a Successful Syndication (as such term is defined in the Fee Letter)
and (B) the consent of the Agent shall be required. 
 (iv) The parties to each assignment shall execute and
deliver to the Agent an Assignment and Acceptance, together with a processing fee of $3,500, provided, that Agent may, in its discretion, elect to reduce or waive such processing fee in the case of any assignment, and the assignee, if it is not a
Lender, shall deliver to the Agent an administrative questionnaire in a form reasonably satisfactory to Agent. 

(v) No such assignment shall be made to (A) a Loan Party or an Affiliate of a Loan Party, (B) any Defaulting
Lender or any of its Subsidiaries or any Person who, upon becoming a Lender hereunder, would constitute a Defaulting Lender or one of its Subsidiaries, (C) a natural Person and (D) any holder of subordinated debt of a Loan Party to the
extent Agent has written notice that such Person is a holder of such subordinated debt. 
 (vi) Borrowers and
Agent may continue to deal solely and directly with a Lender in connection with the interest so assigned to an Assignee until (A) written notice of such assignment, together with payment instructions, addresses, and related information with
respect to the Assignee, have been given to Administrative Borrower and Agent by such Lender and the Assignee, (B) such Lender and its Assignee have delivered to Administrative Borrower and Agent an Assignment and Acceptance and Agent has
notified the assigning Lender of its receipt thereof in accordance with this Section 13.1(b) and the satisfaction of the other conditions herein. 
 (b) From and after the date that Agent notifies the assigning Lender (with a copy to Borrowers) that it has received an executed Assignment and Acceptance and, if applicable, payment of the required
processing fee, (i) the Assignee thereunder shall be a party hereto and, to the extent that rights and obligations hereunder have been assigned to it pursuant to such Assignment and Acceptance, shall be a “Lender” and shall have the
rights and obligations of a Lender under the Loan Documents, and (ii) the assigning Lender shall, to the extent that rights and obligations hereunder and under the other Loan Documents have been assigned by it pursuant to such Assignment and
Acceptance, relinquish its rights (except with respect to Section 10.3) and be released from any future obligations under this Agreement (and in the case of an Assignment and Acceptance covering all or the remaining portion of an
assigning Lender’s rights and obligations under this Agreement and the other Loan Documents, such Lender shall cease to be a party hereto and thereto); provided, that, nothing contained herein shall release any assigning Lender
from obligations that survive the termination of this Agreement, including such assigning Lender’s obligations under Section 15 and Section 17.9(a). 

(c) By executing and delivering an Assignment and Acceptance, the assigning Lender thereunder and the Assignee thereunder
confirm to and agree with each other and the other parties hereto as follows: (i) other than as provided in such Assignment and Acceptance, such assigning Lender makes no representation or warranty and assumes no responsibility with respect to
any statements, warranties or representations made in or in connection with this Agreement or the execution, legality, validity, 

  
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enforceability, genuineness, sufficiency or value of this Agreement or any other Loan Document furnished pursuant hereto, (ii) such assigning Lender makes no representation or warranty and
assumes no responsibility with respect to the financial condition of any Borrower or the performance or observance by any Borrower of any of its obligations under this Agreement or any other Loan Document furnished pursuant hereto, (iii) such
Assignee confirms that it has received a copy of this Agreement, together with such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into such Assignment and Acceptance,
(iv) such Assignee will, independently and without reliance upon Agent, such assigning Lender or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions
in taking or not taking action under this Agreement, (v) such Assignee appoints and authorizes Agent to take such actions and to exercise such powers under this Agreement and the other Loan Documents as are delegated to Agent, by the terms
hereof and thereof, together with such powers as are reasonably incidental thereto, and (vi) such Assignee agrees that it will perform all of the obligations which by the terms of this Agreement are required to be performed by it as a Lender.

 (d) Immediately upon Agent’s receipt of the required processing fee, if applicable, and delivery of
notice to the assigning Lender pursuant to Section 13.1(b), this Agreement shall be deemed to be amended to the extent, but only to the extent, necessary to reflect the addition of the Assignee and the resulting adjustment of the
Commitments arising therefrom. The Commitment allocated to each Assignee shall reduce such Commitments of the assigning Lender pro tanto. 
 (e) Any Lender may at any time sell to one or more commercial banks, financial institutions, or other Persons (a “Participant”) participating interests in all or any portion of its
Obligations, its Commitment, and the other rights and interests of that Lender (the “Originating Lender”) hereunder and under the other Loan Documents; provided, that, (i) the Originating Lender shall remain a
“Lender” for all purposes of this Agreement and the other Loan Documents and the Participant receiving the participating interest in the Obligations, the Commitments, and the other rights and interests of the Originating Lender hereunder
shall not constitute a “Lender” hereunder or under the other Loan Documents and the Originating Lender’s obligations under this Agreement shall remain unchanged, (ii) the Originating Lender shall remain solely responsible for the
performance of such obligations, (iii) Borrowers, Agent, and the Lenders shall continue to deal solely and directly with the Originating Lender in connection with the Originating Lender’s rights and obligations under this Agreement and the
other Loan Documents, (iv) no Lender shall transfer or grant any participating interest under which the Participant has the right to approve any amendment to, or any consent or waiver with respect to, this Agreement or any other Loan Document,
except to the extent such amendment to, or consent or waiver with respect to this Agreement or of any other Loan Document would (A) extend the final maturity date of the Obligations hereunder in which such Participant is participating,
(B) reduce the interest rate applicable to the Obligations hereunder in which such Participant is participating, (C) release all or substantially all of the Collateral or guaranties (except to the extent expressly provided herein or in any
of the Loan Documents) supporting the Obligations hereunder in which such Participant is participating, (D) postpone the payment of, or reduce the amount of, the interest or fees payable to such Participant through such Lender (other than a
waiver of default interest), or (E) decreases the amount or postpones the due dates of scheduled principal repayments or prepayments or premiums payable to such Participant through such Lender, and (v) all amounts payable by Borrowers
hereunder shall be determined as if such Lender had not sold such participation, except that, if amounts outstanding under this Agreement are due and unpaid, or shall have been declared or shall have become due and payable upon the occurrence of an
Event of Default, each Participant shall be deemed to have the right of set off in respect of its participating interest in amounts owing under this Agreement to the same extent as if the amount of its participating interest were owing directly to
it as a Lender under this Agreement. The rights of any Participant only shall be derivative through the Originating Lender with whom such Participant participates and no Participant shall have any rights under this Agreement or the other Loan
Documents 

  
 70 

 
or any direct rights as to the other Lenders, Agent, Loan Parties, the Collections of Loan Parties, the Collateral, or otherwise in respect of the Obligations. No Participant shall have the right
to participate directly in the making of decisions by the Lenders among themselves. 
 (f) In connection with any
such assignment or participation or proposed assignment or participation or any grant of a security interest in, or pledge of, its rights under and interest in this Agreement, a Lender may, subject to the provisions of Section 17.9,
disclose all documents and information which it now or hereafter may have relating to Parent and its Subsidiaries and their respective businesses. 
 (g) Any other provision in this Agreement notwithstanding, any Lender may at any time create a security interest in, or pledge, all or any portion of its rights under and interest in this Agreement in
favor of any Federal Reserve Bank in accordance with Regulation A of the Federal Reserve Bank or U.S. Treasury Regulation 31 CFR §203.24, and such Federal Reserve Bank may enforce such pledge or security interest in any manner permitted under
applicable law. 
 13.2 Successors. This Agreement shall bind and inure to the benefit of the respective
successors and assigns of each of the parties; provided, that, no Borrower may assign this Agreement or any rights or duties hereunder without the Lenders’ prior written consent and any prohibited assignment shall be absolutely
void ab initio. No consent to assignment by the Lenders shall release any Borrower from its Obligations. A Lender may assign this Agreement and the other Loan Documents and its rights and duties hereunder and thereunder pursuant to
Section 13.1 and, except as expressly required pursuant to Section 13.1, no consent or approval by any Borrower is required in connection with any such assignment. 
 14. AMENDMENTS; WAIVERS. 
 14.1 Amendments and Waivers.

 (a) No amendment, waiver or other modification of any provision of this Agreement or any other Loan Document
(other than Bank Product Agreements or the Fee Letter), and no consent with respect to any departure by any Loan Party therefrom, shall be effective unless the same shall be in writing and signed by the Required Lenders (or by Agent at the written
request of the Required Lenders) and the Loan Parties that are party thereto and then any such waiver or consent shall be effective, but only in the specific instance and for the specific purpose for which given; provided, that,
(i) no such waiver, amendment, or consent shall, unless in writing and signed by all of the Lenders directly affected thereby and all of the Loan Parties that are party thereto, do any of the following: 

(A) increase the amount of or extend the expiration date of any Commitment of any Lender or amend, modify, or eliminate
the last sentence of Section 2.3(c)(i), 
 (B) extend, postpone or delay any date fixed by this
Agreement or any other Loan Document for any payment of principal, interest, fees, or other amounts due hereunder or under any other Loan Document, 
 (C) reduce the principal of, or the rate of interest on, any loan or other extension of credit hereunder, or reduce any fees or other amounts payable hereunder or under any other Loan Document (except
(1) in connection with the waiver of applicability of Section 2.4(b) (which waiver shall be effective with the written consent of the Required Lenders), and (2) that any amendment or modification of defined terms used in the
financial covenants in this Agreement shall not constitute a reduction in the rate of interest or a reduction of fees for purposes of this clause (iii)), 

  
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 (D) amend, modify, or eliminate this Section or any provision of this
Agreement providing for consent or other action by all Lenders, 
 (E) amend, modify, or eliminate
Section 15.11, 
 (F) release Agent’s Lien in and to any of the Collateral, except as permitted
by Section 15.11, 
 (G) amend, modify, or eliminate the definition of “Supermajority
Lenders”, “Required Lenders” or “Pro Rata Share”, 
 (H) except as otherwise permitted
by Section 15.11(a), contractually subordinate any of Agent’s Liens, 
 (I) release any Borrower or
any Guarantor from any obligation for the payment of money or consent to the assignment or transfer by any Borrower or any Guarantor of any of its rights or duties under this Agreement or the other Loan Documents, except in connection with a merger,
liquidation, dissolution or sale of such Person expressly permitted by the terms hereof or the other Loan Documents, 
 (J) amend, modify, or eliminate any of the provisions of Section 2.2(d) or Section 2.3(b)(i), (ii) or (iii) or Section 2.3(e)(i), 

(K) amend, modify, or eliminate any of the provisions of Section 13.1(a) to permit a Loan Party or an
Affiliate of a Loan Party to be permitted to become an Assignee, or 
 (ii) no such waiver, amendment, or consent
shall, unless in writing and signed by the Supermajority Lenders, amend, modify, or eliminate the definition of US Borrowing Base or Canadian Borrowing Base or any of the defined terms that are used in such definition (including the definitions of
Eligible Accounts and Eligible Inventory) to the extent that any such change results in more credit being made available to Borrowers based upon the US Borrowing Base or Canadian Borrowing Base, but not otherwise, or the definitions of US Maximum
Credit or Canadian Maximum Credit, or change Sections 2.1(e) or (f) (but exclusive of the right of Agent to eliminate or reduce the amount of reserves). 

(b) No amendment, waiver, modification, elimination, or consent shall amend, modify, or waive (i) the definition of,
or any of the terms or provisions of, the Fee Letter, without the written consent of Agent and Borrowers (and shall not require the written consent of any of the Lenders), and (ii) any provision of Section 15 pertaining to Agent, or
any other rights or duties of Agent under this Agreement or the other Loan Documents, without the written consent of Agent, Borrowers, and the Required Lenders. Notwithstanding anything to the contrary contained in this Agreement or the other Loan
Documents, the consent of Loan Parties and Lenders shall not be required for the exercise by Agent of any of its rights under this Agreement in accordance with the terms of this Agreement with respect to reserves, or the US Borrowing Base or
Canadian Borrowing Base or any of the defined terms (including the definitions of Eligible Accounts and Eligible Inventory) that are used therein. 
 (c) No amendment, waiver, modification, elimination, or consent shall amend, modify, or waive any provision of this Agreement or the other Loan Documents pertaining to Issuing Lender, or any other rights
or duties of Issuing Lender under this Agreement or the other Loan Documents, without the written consent of Issuing Lender, Agent, Borrowers, and the Required Lenders, 

  
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 (d) No amendment, waiver, modification, elimination, or consent shall amend,
modify, or waive any provision of this Agreement or the other Loan Documents pertaining to Swing Lender, or any other rights or duties of Swing Lender under this Agreement or the other Loan Documents, without the written consent of Swing Lender,
Agent, Borrowers, and the Required Lenders, 
 (e) Anything in this Section 14.1 to the contrary
notwithstanding, (i) any amendment, modification, elimination, waiver, consent, termination, or release of, or with respect to, any provision of this Agreement or any other Loan Document that relates only to the relationship of the Lender Group
among themselves, and that does not affect the rights or obligations of any Loan Party, shall not require consent by or the agreement of any Loan Party, and (ii) any amendment, waiver, modification, elimination, or consent of or with respect to
any provision of this Agreement or any other Loan Document may be entered into without the consent of, or over the objection of, any Defaulting Lender other than any of the matters governed by Section 14.1(a)(i)(A), (B) or
(C), 
 14.2 Replacement of Certain Lenders. 

(a) If (i) any action to be taken by the Lender Group or Agent hereunder requires the consent, authorization, or
agreement of all Lenders or all Lenders affected thereby and if such action has received the consent, authorization, or agreement of the Required Lenders but not of all Lenders or all Lenders affected thereby, or (ii) any Lender makes a claim
for compensation under Section 16, then Borrowers or Agent, upon at least five (5) Business Days prior irrevocable notice, may permanently replace any Lender that failed to give its consent, authorization, or agreement (a
“Non-Consenting Lender”) or any Lender that made a claim for compensation (a “Tax Lender”) with one or more Replacement Lenders, and the Non-Consenting Lender or Tax Lender, as applicable, shall have no right to
refuse to be replaced hereunder. Such notice to replace the Non-Consenting Lender or Tax Lender, as applicable, shall specify an effective date for such replacement, which date shall not be later than 15 Business Days after the date such notice is
given. 
 (b) Prior to the effective date of such replacement, the Non-Consenting Lender or Tax Lender, as
applicable, and each Replacement Lender shall execute and deliver an Assignment and Acceptance, subject only to the Non-Consenting Lender or Tax Lender, as applicable, being repaid in full its share of the outstanding Obligations (without any
premium or penalty of any kind whatsoever, but including (i) all interest, fees and other amounts that may be due in payable in respect thereof, and (ii) an assumption of its Pro Rata Share of participations in the Letters of Credit). If
the Non-Consenting Lender or Tax Lender, as applicable, shall refuse or fail to execute and deliver any such Assignment and Acceptance prior to the effective date of such replacement, Agent may, but shall not be required to, execute and deliver such
Assignment and Acceptance in the name or and on behalf of the Non-Consenting Lender or Tax Lender, as applicable, and irrespective of whether Agent executes and delivers such Assignment and Acceptance, the Non-Consenting Lender or Tax Lender, as
applicable, shall be deemed to have executed and delivered such Assignment and Acceptance. The replacement of any Non-Consenting Lender or Tax Lender, as applicable, shall be made in accordance with the terms of Section 13.1. Until such
time as one or more Replacement Lenders shall have acquired all of the Obligations, the Commitments, and the other rights and obligations of the Non-Consenting Lender or Tax Lender, as applicable, hereunder and under the other Loan Documents, the
Non-Consenting Lender or Tax Lender, as applicable, shall remain obligated to make the Non-Consenting Lender’s or Tax Lender’s, as applicable, Pro Rata Share of Revolving Loans and to purchase a participation in each Letter of Credit, in
an amount equal to its Pro Rata Share of such Letters of Credit. 
 14.3 No Waivers; Cumulative Remedies. No
failure by Agent or any Lender to exercise any right, remedy, or option under this Agreement or any other Loan Document, or delay by Agent or any Lender in exercising the same, will operate as a waiver thereof. No waiver by Agent or any Lender will

  
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be effective unless it is in writing, and then only to the extent specifically stated. No waiver by Agent or any Lender on any occasion shall affect or diminish Agent’s and each
Lender’s rights thereafter to require strict performance by each Loan Party of any provision of this Agreement. Agent’s and each Lender’s rights under this Agreement and the other Loan Documents will be cumulative and not exclusive of
any other right or remedy that Agent or any Lender may have. 
 15. AGENT; THE LENDER GROUP. 

15.1 Appointment and Authorization of Agent. Each Lender hereby designates and appoints WFCF as its agent under this
Agreement and the other Loan Documents and each Lender hereby irrevocably authorizes (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to designate, appoint, and authorize) Agent to execute and deliver each
of the other Loan Documents on its behalf and to take such other action on its behalf under the provisions of this Agreement and each other Loan Document and to exercise such powers and perform such duties as are expressly delegated to Agent by the
terms of this Agreement or any other Loan Document, together with such powers as are reasonably incidental thereto. Agent agrees to act as agent for and on behalf of the Lenders (and the Bank Product Providers) on the conditions contained in this
Section 15. Any provision to the contrary contained elsewhere in this Agreement or in any other Loan Document notwithstanding, Agent shall not have any duties or responsibilities, except those expressly set forth herein or in the other
Loan Documents, nor shall Agent have or be deemed to have any fiduciary relationship with any Lender (or Bank Product Provider), and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this
Agreement or any other Loan Document or otherwise exist against Agent. Without limiting the generality of the foregoing, the use of the term “agent” in this Agreement or the other Loan Documents with reference to Agent is not intended to
connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable law. Instead, such term is used merely as a matter of market custom, and is intended to create or reflect only a representative
relationship between independent contracting parties. Each Lender hereby further authorizes (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to authorize) Agent to act as the secured party under each of the
Loan Documents that create a Lien on any item of Collateral. Except as expressly otherwise provided in this Agreement, Agent shall have and may use its sole discretion with respect to exercising or refraining from exercising any discretionary rights
or taking or refraining from taking any actions that Agent expressly is entitled to take or assert under or pursuant to this Agreement and the other Loan Documents. Without limiting the generality of the foregoing, or of any other provision of the
Loan Documents that provides rights or powers to Agent, Lenders agree that Agent shall have the right to exercise the following powers as long as this Agreement remains in effect: (a) maintain, in accordance with its customary business
practices, ledgers and records reflecting the status of the Obligations, the Collateral, the Collections of Parent and its Subsidiaries, and related matters, (b) execute or file any and all financing or similar statements or notices,
amendments, renewals, supplements, documents, instruments, proofs of claim, notices and other written agreements with respect to the Loan Documents, (c) make Revolving Loans, for itself or on behalf of Lenders, as provided in the Loan
Documents, (d) exclusively receive, apply, and distribute the Collections of Parent and its Subsidiaries as provided in the Loan Documents, (e) open and maintain such bank accounts and cash management arrangements as Agent deems necessary
and appropriate in accordance with the Loan Documents for the foregoing purposes with respect to the Collateral and the Collections of Parent and its Subsidiaries, (f) perform, exercise, and enforce any and all other rights and remedies of the
Lender Group with respect to Parent or its Subsidiaries, the Obligations, the Collateral, the Collections of Parent and its Subsidiaries, or otherwise related to any of same as provided in the Loan Documents, and (g) incur and pay such Lender
Group Expenses as Agent may deem necessary or appropriate for the performance and fulfillment of its functions and powers pursuant to the Loan Documents. 

  
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 15.2 Delegation of Duties. Agent may execute any of its duties under this
Agreement or any other Loan Document by or through agents, employees or attorneys in fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties. Agent shall not be responsible for the negligence or misconduct of
any agent or attorney in fact that it selects as long as such selection was made without gross negligence or willful misconduct. 
 15.3 Liability of Agent. None of the Agent-Related Persons shall (a) be liable for any action taken or omitted to be taken by any of them under or in connection with this Agreement or
any other Loan Document or the transactions contemplated hereby (except for its own gross negligence or willful misconduct), or (b) be responsible in any manner to any of the Lenders (or Bank Product Providers) for any recital, statement,
representation or warranty made by Parent or any of its Subsidiaries or Affiliates, or any officer or director thereof, contained in this Agreement or in any other Loan Document, or in any certificate, report, statement or other document referred to
or provided for in, or received by Agent under or in connection with, this Agreement or any other Loan Document, or the validity, effectiveness, genuineness, enforceability or sufficiency of this Agreement or any other Loan Document, or for any
failure of Parent or its Subsidiaries or any other party to any Loan Document to perform its obligations hereunder or thereunder. No Agent-Related Person shall be under any obligation to any Lenders (or Bank Product Providers) to ascertain or to
inquire as to the observance or performance of any of the agreements contained in, or conditions of, this Agreement or any other Loan Document, or to inspect the books and records or properties of Parent or its Subsidiaries. 

15.4 Reliance by Agent. Agent shall be entitled to rely, and shall be fully protected in relying, upon any writing,
resolution, notice, consent, certificate, affidavit, letter, telegram, telefacsimile or other electronic method of transmission, telex or telephone message, statement or other 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 counsel to any Lender), independent accountants and other experts selected by Agent. Agent shall be fully justified in
failing or refusing to take any action under this Agreement or any other Loan Document unless Agent shall first receive such advice or concurrence of the Lenders as it deems appropriate and until such instructions are received, Agent shall act, or
refrain from acting, as it deems advisable. If Agent so requests, it shall first be indemnified to its reasonable satisfaction by the Lenders (and, if it so elects, the Bank Product Providers) against any and all liability and expense that may be
incurred by it by reason of taking or continuing to take any such action. Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement or any other Loan Document in accordance with a request or consent of
the Required Lenders and such request and any action taken or failure to act pursuant thereto shall be binding upon all of the Lenders (and Bank Product Providers). 
 15.5 Notice of Default or Event of Default. Agent shall not be deemed to have knowledge or notice of the occurrence of any Default or Event of Default, except with respect to defaults in the
payment of principal, interest, fees, and expenses required to be paid to Agent for the account of the Lenders and, except with respect to Events of Default of which Agent has actual knowledge, unless Agent shall have received written notice from a
Lender or any Borrower referring to this Agreement, describing such Default or Event of Default, and stating that such notice is a “notice of default.” Agent promptly will notify the Lenders of its receipt of any such notice or of any
Event of Default of which Agent has actual knowledge. If any Lender obtains actual knowledge of any Event of Default, such Lender promptly shall notify the other Lenders and Agent of such Event of Default. Each Lender shall be solely responsible for
giving any notices to its Participants, if any. Subject to Section 15.4, Agent shall take such action with respect to such Default or Event of Default as may be requested by the Required Lenders in accordance with Section 9;
provided, that, unless and until Agent has received any such request, Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default or Event of Default as it shall deem
advisable. 

  
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 15.6 Credit Decision. Each Lender (and Bank Product Provider) acknowledges
that none of the Agent-Related Persons has made any representation or warranty to it, and that no act by Agent hereinafter taken, including any review of the affairs of Parent and its Subsidiaries or Affiliates, shall be deemed to constitute any
representation or warranty by any Agent-Related Person to any Lender (or Bank Product Provider). Each Lender represents (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to represent) to Agent that it has,
independently and without reliance upon any Agent-Related Person and based on such due diligence, documents and information as it has deemed appropriate, made its own appraisal of, and investigation into, the business, prospects, operations,
property, financial and other condition and creditworthiness of any Borrower or any other Person party to a Loan Document, and all applicable bank regulatory laws relating to the transactions contemplated hereby, and made its own decision to enter
into this Agreement and to extend credit to Borrowers. Each Lender also represents (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to represent) that it will, independently and without reliance upon any
Agent-Related Person and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit analysis, appraisals and decisions in taking or not taking action under this Agreement and the other Loan
Documents, and to make such investigations as it deems necessary to inform itself as to the business, prospects, operations, property, financial and other condition and creditworthiness of any Borrower or any other Person party to a Loan Document.
Except for notices, reports, and other documents expressly herein required to be furnished to the Lenders by Agent, Agent shall not have any duty or responsibility to provide any Lender (or Bank Product Provider) with any credit or other information
concerning the business, prospects, operations, property, financial and other condition or creditworthiness of any Borrower or any other Person party to a Loan Document that may come into the possession of any of the Agent-Related Persons. Each
Lender acknowledges (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to acknowledge) that Agent does not have any duty or responsibility, either initially or on a continuing basis (except to the extent, if
any, that is expressly specified herein) to provide such Lender (or Bank Product Provider) with any credit or other information with respect to any Borrower, its Affiliates or any of their respective business, legal, financial or other affairs, and
irrespective of whether such information came into Agent’s or its Affiliates’ or representatives’ possession before or after the date on which such Lender became a party to this Agreement (or such Bank Product Provider entered into a
Bank Product Agreement). 
 15.7 Costs and Expenses; Indemnification. Agent may incur and pay Lender Group
Expenses to the extent Agent reasonably deems necessary or appropriate for the performance and fulfillment of its functions, powers, and obligations pursuant to the Loan Documents, including court costs, attorneys fees and expenses, fees and
expenses of financial accountants, advisors, consultants, and appraisers, costs of collection by outside collection agencies, auctioneer fees and expenses, and costs of security guards or insurance premiums paid to maintain the Collateral, whether
or not Borrowers are obligated to reimburse Agent or Lenders for such expenses pursuant to this Agreement or otherwise. To the extent any Loan Parties are required to reimburse Agent for such Lender Group Expenses, Agent is authorized and directed
to deduct and retain sufficient amounts from the Collections of Parent and its Subsidiaries received by Agent to reimburse Agent for such out-of-pocket costs and expenses prior to the distribution of any amounts to Lenders (or Bank Product
Providers). In the event Agent is not reimbursed for such costs and expenses by Parent or its Subsidiaries, each Lender hereby agrees that it is and shall be obligated to pay to Agent such Lender’s Pro Rata Share thereof. Whether or not the
transactions contemplated hereby are consummated, each of the Lenders, on a ratable basis, shall indemnify and defend the Agent-Related Persons (to the extent not reimbursed by or on behalf of Borrowers and without limiting the obligation of
Borrowers to do so) from and against any and all Indemnified Liabilities; provided, that, no Lender shall be liable for the payment to any Agent-Related Person of any portion of such Indemnified Liabilities resulting solely from such
Person’s gross negligence or willful misconduct nor shall any Lender be liable for the obligations of any Defaulting Lender in failing to make a Revolving Loan or other extension of credit hereunder. Without limitation of the foregoing, each
Lender shall 

  
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reimburse Agent upon demand for such Lender’s Pro Rata Share of any costs or out of pocket expenses (including attorneys, accountants, advisors, and consultants fees and expenses) incurred
by Agent in connection with the preparation, execution, delivery, administration, modification, amendment, or enforcement (whether through negotiations, legal proceedings or otherwise) of, or legal advice in respect of rights or responsibilities
under, this Agreement or any other Loan Document to the extent that Agent is not reimbursed for such expenses by or on behalf of Borrowers. Notwithstanding anything to the contrary contained herein, Lenders shall be liable and indemnify
Agent-Related Persons only for Indemnified Liabilities and other costs and expenses that relate to or arise from an Agent-Related Person acting as or for Agent (in its capacity as Agent). The undertaking in this Section shall survive the payment of
all Obligations hereunder and the resignation or replacement of Agent. 
 15.8 Agent in Individual Capacity. WFCF
and its Affiliates may make loans to, issue letters of credit for the account of, accept deposits from, provide Bank Products to, acquire equity interests in, and generally engage in any kind of banking, trust, financial advisory, underwriting, or
other business with Parent and its Subsidiaries and Affiliates and any other Person party to any Loan Document as though WFCF were not Agent hereunder, and, in each case, without notice to or consent of the other members of the Lender Group. The
other members of the Lender Group acknowledge (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to acknowledge) that, pursuant to such activities, WFCF or its Affiliates may receive information regarding
Borrowers or their Affiliates or any other Person party to any Loan Documents that is subject to confidentiality obligations in favor of Borrowers or such other Person and that prohibit the disclosure of such information to the Lenders (or Bank
Product Providers), and the Lenders acknowledge (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to acknowledge) that, in such circumstances (and in the absence of a waiver of such confidentiality
obligations, which waiver Agent will use its reasonable best efforts to obtain), Agent shall not be under any obligation to provide such information to them. The terms “Lender” and “Lenders” include WFCF in its individual
capacity. 
 15.9 Successor Agent. Agent may resign as Agent upon thirty (30) days prior written notice to
the Lenders (unless such notice is waived by the Required Lenders) and Administrative Borrower (unless such notice is waived by Borrowers) and without any notice to the Bank Product Providers. If Agent resigns under this Agreement, the Required
Lenders shall be entitled, with (so long as no Event of Default has occurred and is continuing) the consent of Administrative Borrower (such consent not to be unreasonably withheld, delayed, or conditioned), appoint a successor Agent for the Lenders
(and the Bank Product Providers). If, at the time that Agent’s resignation is effective, it is acting as the Issuing Lender or the Swing Lender, such resignation shall also operate to effectuate its resignation as the Issuing Lender or the
Swing Lender, as applicable, and it shall automatically be relieved of any further obligation to issue Letters of Credit, to cause the Underlying Issuer to issue Letters of Credit, or to make Swing Loans. If no successor Agent is appointed prior to
the effective date of the resignation of Agent, Agent may appoint, after consulting with the Lenders and Administrative Borrower, a successor Agent from among Lenders (unless no Lender is willing to accept such appointment, then otherwise as Agent
determines). If Agent has materially breached or failed to perform any material provision of this Agreement or of applicable law, the Required Lenders may agree in writing to remove and replace Agent with a successor Agent from among the Lenders
with (so long as no Event of Default has occurred and is continuing) the consent of Borrowers (such consent not to be unreasonably withheld, delayed, or conditioned). In any such event, upon the acceptance of its appointment as successor Agent
hereunder, such successor Agent shall succeed to all the rights, powers, and duties of the retiring Agent and the term “Agent” shall mean such successor Agent and the retiring Agent’s appointment, powers, and duties as Agent shall be
terminated. After any retiring Agent’s resignation hereunder as Agent, the provisions of this Section 15 shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Agent under this Agreement. If no
successor Agent has accepted appointment as Agent by the date which is thirty (30) days following a retiring Agent’s notice of resignation, the retiring Agent’s resignation shall nevertheless thereupon

  
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become effective and the Lenders shall perform all of the duties of Agent hereunder until such time, if any, as the Lenders appoint a successor Agent as provided for above. 

15.10 Lender in Individual Capacity. Any Lender and its respective Affiliates may make loans to, issue letters of credit
for the account of, accept deposits from, provide Bank Products to, acquire equity interests in and generally engage in any kind of banking, trust, financial advisory, underwriting, or other business with Parent and its Subsidiaries and Affiliates
and any other Person party to any Loan Documents as though such Lender were not a Lender hereunder without notice to or consent of the other members of the Lender Group (or the Bank Product Providers). The other members of the Lender Group
acknowledge (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to acknowledge) that, pursuant to such activities, such Lender and its respective Affiliates may receive information regarding Parent or their
Affiliates or any other Person party to any Loan Documents that is subject to confidentiality obligations in favor of Parent or such other Person and that prohibit the disclosure of such information to the Lenders, and the Lenders acknowledge (and
by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to acknowledge) that, in such circumstances (and in the absence of a waiver of such confidentiality obligations, which waiver such Lender will use its reasonable
best efforts to obtain), such Lender shall not be under any obligation to provide such information to them. 
 15.11
Collateral Matters. 
 (a) The Lenders hereby irrevocably authorize (and by entering into a Bank
Product Agreement, each Bank Product Provider shall be deemed to authorize) Agent to release any Lien on any of the Collateral (i) upon termination of the Commitments and payment and satisfaction of all of the Obligations, or
(ii) constituting property being sold or disposed of if Administrative Borrower or any Loan Party certifies to Agent that the sale or disposition is not prohibited by Section 6.4 (and Agent may rely conclusively on any such
certificate, without further inquiry), or (iii) constituting property in which any Loan Party did not own an interest at the time the security interest, mortgage or lien was granted or at any time thereafter, or (iv) having a value in the
aggregate in any twelve (12) month period of less than $5,000,000, and to the extent Agent may release its Lien on any such Collateral pursuant to the sale or other disposition thereof, such sale or other disposition shall be deemed consented
to by Lenders, or (v) if required or permitted under the terms of any of the other Loan Documents, including any intercreditor agreement, or (vi) constituting property leased to a Loan Party under a lease that has expired or is terminated,
or (vii) subject to Section 14.1 and the Security Agreement, if the release is approved, authorized or ratified in writing by the Required Lenders. In no event shall the consent or approval of an Issuing Lender to any release of
Collateral be required. Nothing contained herein shall be construed to require the consent of any Bank Product Provider to any release of any Collateral or termination of security interests in any Collateral. Upon request by Agent or any Borrower at
any time, the Lenders will (and if so requested, the Bank Product Providers will) confirm in writing Agent’s authority to release any such Liens on particular types or items of Collateral pursuant to this Section 15.11;
provided, that, (1) Agent shall not be required to execute any document necessary to evidence such release on terms that, in Agent’s opinion, would expose Agent to liability or create any obligation or entail any consequence
other than the release of such Lien without recourse, representation, or warranty, and (2) such release shall not in any manner discharge, affect, or impair the Obligations or any Liens (other than those expressly being released) upon (or
obligations of any Borrower in respect of) all interests retained by any Loan Party, including, the proceeds of any sale, all of which shall continue to constitute part of the Collateral. The Lenders further hereby irrevocably authorize (and by
entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to authorize) Agent, at its option and in its sole discretion, to subordinate any Lien granted to or held by Agent under any Loan Document to the holder of any
Permitted Lien on such property if such Permitted Lien secures Permitted Purchase Money Indebtedness. 

  
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 (b) The Loan Parties and the Lenders hereby irrevocably authorize (and by
entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to authorize) Agent, based upon the instruction of the Required Lenders, to (A) consent to, credit bid or purchase (either directly or through one or more
acquisition vehicles) all or any portion of the Collateral at any sale thereof conducted under the provisions of the Bankruptcy Code or other bankruptcy or insolvency laws, including under Section 363 of the Bankruptcy Code,
(B) credit bid or purchase (either directly or through one or more acquisition vehicles) all or any portion of the Collateral at any sale or other disposition thereof conducted under the provisions of the Code or the PPSA, including pursuant to
Sections 9-610 or 9-620 of the Code, or (C) credit bid or purchase (either directly or through one or more acquisition vehicles) all or any portion of the Collateral at any other sale or foreclosure conducted by Agent (whether by
judicial action or otherwise) in accordance with applicable law. In connection with any such credit bid or purchase, the Obligations owed to the Lenders and the Bank Product Providers shall be entitled to be, and shall be, credit bid on a ratable
basis (with Obligations with respect to contingent or unliquidated claims being estimated for such purpose if the fixing or liquidation thereof would not unduly delay the ability of Agent to credit bid or purchase at such sale or other disposition
of the Collateral and, if such claims cannot be estimated without unduly delaying the ability of Agent to credit bid, then such claims shall be disregarded, not credit bid, and not entitled to any interest in the asset or assets purchased by means
of such credit bid) and the Lenders and the Bank Product Providers whose Obligations are credit bid shall be entitled to receive interests (ratably based upon the proportion of their Obligations credit bid in relation to the aggregate amount of
Obligations so credit bid) in the asset or assets so purchased (or in the Equity Interests of the acquisition vehicle or vehicles that are used to consummate such purchase). 

(c) Agent shall have no obligation whatsoever to any of the Lenders (or the Bank Product Providers) to assure that the
Collateral exists or is owned by a Loan Party or is cared for, protected, or insured or has been encumbered, or that Agent’s Liens have been properly or sufficiently or lawfully created, perfected, protected, or enforced or are entitled to any
particular priority, or that any particular items of Collateral meet the eligibility criteria applicable in respect thereof or whether to impose, maintain, reduce, or eliminate any particular reserve hereunder or whether the amount of any such
reserve is appropriate or not, or to exercise at all or in any particular manner or under any duty of care, disclosure or fidelity, or to continue exercising, any of the rights, authorities and powers granted or available to Agent pursuant to any of
the Loan Documents, it being understood and agreed that in respect of the Collateral, or any act, omission, or event related thereto, subject to the terms and conditions contained herein, Agent may act in any manner it may deem appropriate, in its
sole discretion given Agent’s own interest in the Collateral in its capacity as one of the Lenders and that Agent shall have no other duty or liability whatsoever to any Lender (or Bank Product Provider) as to any of the foregoing, except as
otherwise provided herein. 
 15.12 Restrictions on Actions by Lenders; Sharing of Payments. 

(a) Each of the Lenders agrees that it shall not, without the express written consent of Agent and only to the extent it
is lawfully entitled to do so, set off against the Obligations, any amounts owing by such Lender to Parent or its Subsidiaries or any deposit accounts of Parent or its Subsidiaries now or hereafter maintained with such Lender. Each of the Lenders
further agrees that it shall not, unless specifically requested to do so in writing by Agent, take or cause to be taken any action, including, the commencement of any legal or equitable proceedings to enforce any Loan Document against any Borrower
or any Guarantor or to foreclose any Lien on, or otherwise enforce any security interest in, any of the Collateral. 
 (b) If, at any time or times any Lender shall receive (i) by payment, foreclosure, setoff, or otherwise, any proceeds of Collateral or any payments with respect to the Obligations, except for any
such proceeds or payments received by such Lender from Agent pursuant to the terms of this Agreement, 

  
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or (ii) payments from Agent in excess of such Lender’s Pro Rata Share of all such distributions by Agent, such Lender promptly shall (A) turn the same over to Agent, in kind, and
with such endorsements as may be required to negotiate the same to Agent, or in immediately available funds, as applicable, for the account of all of the Lenders and for application to the Obligations in accordance with the applicable provisions of
this Agreement, or (B) purchase, without recourse or warranty, an undivided interest and participation in the Obligations owed to the other Lenders so that such excess payment received shall be applied ratably as among the Lenders in accordance
with their Pro Rata Shares; provided, that, to the extent that such excess payment received by the purchasing party is thereafter recovered from it, those purchases of participations shall be rescinded in whole or in part, as
applicable, and the applicable portion of the purchase price paid therefor shall be returned to such purchasing party, but without interest except to the extent that such purchasing party is required to pay interest in connection with the recovery
of the excess payment. Notwithstanding anything to the contrary contained herein, to the extent that cash collateral has been specifically pledged by a Borrower to a Lender prior to the date hereof to secure the Bank Product Obligations owing to
such Lender, such Lender may apply such cash collateral to such Bank Product Obligations, after notice to Agent, and shall only be required to comply with this Section 15.12(b) as to such cash collateral to the extent that the amount of such
cash collateral exceeds the applicable Bank Product Obligations. 
 15.13 Agency for Perfection. Agent hereby
appoints each other Lender (and each Bank Product Provider) as its agent (and each Lender hereby accepts (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to accept) such appointment) for the purpose of
perfecting Agent’s Liens in assets which, in accordance with Article 8 or Article 9, as applicable, of the Code or in accordance with the PPSA can be perfected by possession or control. Should any Lender obtain possession or control of any such
Collateral, such Lender shall notify Agent thereof, and, promptly upon Agent’s request therefor shall deliver possession or control of such Collateral to Agent or in accordance with Agent’s instructions. 

15.14 Payments by Agent to the Lenders. All payments to be made by Agent to the Lenders (or Bank Product Providers) shall
be made by bank wire transfer of immediately available funds pursuant to such wire transfer instructions as each party may designate for itself by written notice to Agent. Concurrently with each such payment, Agent shall identify whether such
payment (or any portion thereof) represents principal, premium, fees, or interest of the Obligations. 
 15.15 Concerning
the Collateral and Related Loan Documents. Each member of the Lender Group authorizes and directs Agent to enter into this Agreement and the other Loan Documents. Each member of the Lender Group agrees (and by entering into a Bank Product
Agreement, each Bank Product Provider shall be deemed to agree) that any action taken by Agent in accordance with the terms of this Agreement or the other Loan Documents relating to the Collateral and the exercise by Agent of its powers set forth
therein or herein, together with such other powers that are reasonably incidental thereto, shall be binding upon all of the Lenders (and such Bank Product Provider). 
 15.16 Field Examination Reports; Confidentiality; Disclaimers by Lenders; Other Reports and Information. 

(a) By becoming a party to this Agreement, each Lender: 

(i) is deemed to have requested that Agent furnish such Lender, promptly after it becomes available, a copy of each field
examination report respecting Parent or its Subsidiaries (each, a “Report”) prepared by or at the request of Agent, and Agent shall so furnish each Lender with such Reports, 

  
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 (ii) expressly agrees and acknowledges that Agent does not (i) make any
representation or warranty as to the accuracy of any Report, and (ii) shall not be liable for any information contained in any Report, 
 (iii) expressly agrees and acknowledges that the Reports are not comprehensive audits or examinations, that Agent or other party performing any audit or examination will inspect only specific information
regarding Parent and its Subsidiaries and will rely significantly upon Parent’s and its Subsidiaries’ books and records, as well as on representations of each Borrower’s personnel, 

(iv) agrees to keep all Reports and other material, non-public information regarding Parent and its Subsidiaries and their
operations, assets, and existing and contemplated business plans in a confidential manner in accordance with Section 17.9, and 
 (v) without limiting the generality of any other indemnification provision contained in this Agreement, agrees: (i) to hold Agent and any other Lender preparing a Report harmless from any action the
indemnifying Lender may take or fail to take or any conclusion the indemnifying Lender may reach or draw from any Report in connection with any loans or other credit accommodations that the indemnifying Lender has made or may make to Borrowers, or
the indemnifying Lender’s participation in, or the indemnifying Lender’s purchase of, a loan or loans of Borrowers, and (ii) to pay and protect, and indemnify, defend and hold Agent, and any such other Lender preparing a Report
harmless from and against, the claims, actions, proceedings, damages, costs, expenses, and other amounts (including, attorneys fees and costs) incurred by Agent and any such other Lender preparing a Report as the direct or indirect result of any
third parties who obtains all or part of any Report through the indemnifying Lender. 
 (b) In addition to the
foregoing, any Lender may from time to time request of Agent in writing that Agent provide to such Lender a copy of any report or document provided by Parent or any Subsidiary of Parent to Agent that has not been contemporaneously provided by Parent
or its Subsidiaries to such Lender, and, upon receipt of such request, Agent promptly shall provide a copy of same to such Lender, (i) to the extent that Agent is entitled, under any provision of the Loan Documents, to request additional
reports or information from Parent or its Subsidiaries, any Lender may, from time to time, reasonably request Agent to exercise such right as specified in such Lender’s notice to Agent, whereupon Agent promptly shall request of such Borrower
the additional reports or information reasonably specified by such Lender, and, upon receipt thereof from Parent or its Subsidiaries, Agent promptly shall provide a copy of same to such Lender, and (ii) any time that Agent renders to any
Borrower a statement regarding the Loan Account, Agent shall send a copy of such statement to each Lender. 
 15.17 Agent
May File Proofs of Claim. 
 (a) In case of the pendency of any receivership, insolvency, liquidation,
bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding or other Insolvency Proceeding relative to any Loan Party, Agent (irrespective of whether the principal of any Obligations or amounts owing in respect of
Letters of Credit shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether Agent shall have made any demand on the Borrowers) shall be entitled and empowered, by intervention in such proceeding or
otherwise: 
 (i) to file and prove a claim for the whole amount of the principal and interest owing and unpaid
in respect of the Obligations and all other Obligations (other than obligations under Bank Products to which Agent is not a party) that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the
claims of Lenders, Issuing Lenders and Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of Lenders, 

  
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Issuing Lenders and Agent and their respective agents and counsel and all other amounts due Lenders, Issuing Lenders and Agent allowed in such judicial proceeding; and 

(ii) to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the
same; and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender and Issuing Lender to make such payments to Agent and, in the event that
Agent shall consent to the making of such payments directly to Lenders and Issuing Lenders, to pay to Agent any amount due for the reasonable compensation, expenses, disbursements and advances of Agent and its agents and counsel, and any other
amounts due Agent. 
 (b) Nothing contained herein shall be deemed to authorize Agent to authorize or consent to
or accept or adopt on behalf of any Lender or Issuing Lender any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or to authorize Agent to vote in respect of the claim of any Lender
in any such proceeding. 
 15.18 Several Obligations; No Liability. Notwithstanding that certain of the Loan
Documents now or hereafter may have been or will be executed only by or in favor of Agent in its capacity as such, and not by or in favor of the Lenders, any and all obligations on the part of Agent (if any) to make any credit available hereunder
shall constitute the several (and not joint) obligations of the respective Lenders on a ratable basis, according to their respective Commitments, to make an amount of such credit not to exceed, in principal amount, at any one time outstanding, the
amount of their respective Commitments. Nothing contained herein shall confer upon any Lender any interest in, or subject any Lender to any liability for, or in respect of, the business, assets, profits, losses, or liabilities of any other Lender.
Each Lender shall be solely responsible for notifying its Participants of any matters relating to the Loan Documents to the extent any such notice may be required, and no Lender shall have any obligation, duty, or liability to any Participant of any
other Lender. Except as provided in Section 15.7, no member of the Lender Group shall have any liability for the acts of any other member of the Lender Group. No Lender shall be responsible to any Borrower or any other Person for any
failure by any other Lender (or Bank Product Provider) to fulfill its obligations to make credit available hereunder, nor to advance for such Lender (or Bank Product Provider) or on its behalf, nor to take any other action on behalf of such Lender
(or Bank Product Provider) hereunder or in connection with the financing contemplated herein. 
 15.19 Appointment for the
Province of Québec. Without prejudice to Section 15.1 above, each member of the Lender Group hereby appoints WFCF as the person holding the power of attorney (fondé pouvoir) of the Lender Group as contemplated under
Article 2692 of the Civil Code of Québec, to enter into, to take and to hold on their behalf, and for their benefit, any deed of hypothec (“Deed of Hypothec”) to be executed by any of the Borrowers or Guarantors granting a
hypothec pursuant to the laws of the Province of Québec (Canada) and to exercise such powers and duties which are conferred thereupon under such deed. All of the Lender Group hereby additionally appoints Agent as agent, mandatary, custodian
and depositary for and on behalf of the Lender Group (a) to hold and to be the sole registered holder of any bond (“Bond”) issued under the Deed of Hypothec, the whole notwithstanding any other applicable law, and (b) to
enter into, to take and to hold on their behalf, and for their benefit, a bond pledge agreement (“Pledge”) to be executed by such Borrower or Guarantor pursuant to the laws of the Province of Québec and creating a pledge of
the Bond as security for the payment and performance of, inter alia, the Obligations. In this respect, (i) Agent as agent, mandatary, custodian and depositary for and on behalf of the Lender Group, shall keep a record indicating the names and
addresses of, and the pro rata portion of the obligations and indebtedness secured by the Pledge, owing to each of the members of the Lender Group for and on behalf of whom the Bond is so held from time to time, and (ii) each of the members of
the Lender Group will be entitled to the benefits of any property or assets charged under the Deed of Hypothec and the Pledge and will participate in the proceeds of realization of any such property 

  
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or assets. WFCF, in such aforesaid capacities shall (A) have the sole and exclusive right and authority to exercise, except as may be otherwise specifically restricted by the terms hereof,
all rights and remedies given to WFCF, as fondé de pouvoir, with respect to the property or assets charged under the Deed of Hypothec and to Agent with respect to the property and assets changed under the Pledge, any other applicable law or
otherwise, and (B) benefit from and be subject to all provisions hereof with respect to Agent mutatis mutandis, including, without limitation, all such provisions with respect to the liability or responsibility to and indemnification by the
Lender Group, the Borrowers or the Guarantors. The execution prior to the date hereof by WFCF, as fondé de pouvoir, or Agent of any Deed of Hypothec, Pledge or other security documents made pursuant to the laws of the Province of
Québec (Canada) is hereby ratified and confirmed. The constitution of WFCF as the Person holding the power of attorney (fondé de pouvoir), and of Agent, as agent, mandatary, custodian and depositary with respect to any bond that may be
issued and pledged from time to time to Agent for the benefit of the Lender Group, shall be deemed to have been ratified and confirmed by each Person accepting an assignment of, a participation in or an arrangement in respect of, all or any portion
of any of the Lender Group’s rights and obligations under this Agreement by the execution of an assignment, including an Assignment and Acceptance Agreement or other agreement pursuant to which it becomes such assignee or participant, and by
each successor Agent by the execution of an assignment agreement or other agreement, or by the compliance with other formalities, as the case may be, pursuant to which it becomes a successor Agent hereunder. 

15.20 Authorization. 
 (a) Each Lender hereby (i) consents to the subordination of Liens provided for in the Term Loan Intercreditor Agreement, (ii) agrees that it will be bound by, and will take no actions contrary
to, the provisions of the Term Loan Intercreditor Agreement, (iii) authorizes and instructs Agent to enter into the Term Loan Intercreditor Agreement on behalf of such Lender and agrees that Agent may take such actions on its behalf as is
contemplated by the terms of the Term Loan Intercreditor Agreement, and (iv) acknowledges (or is deemed to acknowledge) that a copy of the Term Loan Intercreditor Agreement was delivered, or made available, to such Lender and it has received
and reviewed the Intercreditor Agreement. In the event of any conflict between the terms of the Term Loan Intercreditor Agreement and any of the other Loan Documents, the terms of the Term Loan Intercreditor Agreement shall govern and control except
as expressly set forth in the Term Loan Intercreditor Agreement. 
 (b) Each Lender hereby (i) consents to
the establishment of the priority of the Liens provided for in the 2015 Note Intercreditor Agreement and the Series G Guarantee Lien Acknowledgement, (ii) agrees that it will be bound by, and will take no actions contrary to, the provisions of
the 2015 Note Intercreditor Agreement, (iii) authorizes and instructs Agent to enter into the 2015 Note Intercreditor Agreement and the Series G Guarantee Lien Acknowledgement on behalf of such Lender and agrees that Agent may take such actions
on its behalf as is contemplated by the terms of the 2015 Note Intercreditor Agreement and the Series G Guarantee Lien Acknowledgement, and (iv) acknowledges (or is deemed to acknowledge) that a copy of the 2015 Note Intercreditor Agreement and
the Series G Guarantee Lien Acknowledgement was delivered, or made available, to such Lender and it has received and reviewed such agreements. In the event of any conflict between the terms of the 2015 Note Intercreditor Agreement and any of the
other Loan Documents, the terms of the 2015 Note Intercreditor Agreement shall govern and control except as expressly set forth in the 2015 Note Intercreditor Agreement. In the event of any conflict between the terms of the Series G Guarantee Lien
Acknowledgement and any of the other Loan Documents, the terms of the Series G Guarantee Lien Acknowledgement shall govern and control except as expressly set forth in the Series G Guarantee Lien Acknowledgement. 

16. WITHHOLDING TAXES. 

  
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 16.1 No Setoff; Payments. All payments made by any Borrower hereunder or under
any note or other Loan Document will be made without setoff, counterclaim, or other defense. In addition, all such payments will be made free and clear of, and without deduction or withholding for, any present or future Taxes, and in the event any
deduction or withholding of Taxes is required, Borrowers shall comply with the next sentence of this Section 16.1. If any Taxes are so levied or imposed, Borrowers agree to pay the full amount of such Taxes and such additional amounts as
may be necessary so that every payment of all amounts due under this Agreement, any note, or Loan Document, including any amount paid pursuant to this Section 16.1 after withholding or deduction for or on account of any Taxes, will not
be less than the amount provided for herein; provided, that, Borrowers shall not be required to increase any such amounts if the increase in such amount payable results from Agent’s or such Lender’s own willful misconduct or
gross negligence (as finally determined by a court of competent jurisdiction). Borrowers will furnish to Agent as promptly as possible after the date the payment of any Tax is due pursuant to applicable law, certified copies of tax receipts
evidencing such payment by Borrowers or such other evidence as is reasonably satisfactory to Agent. Borrowers agree to pay any present or future stamp, value added or documentary taxes or any other excise or property taxes, similar charges, or
similar levies that arise from any payment made hereunder or from the execution, delivery, performance, recordation, or filing of, or otherwise with respect to this Agreement or any other Loan Document. 

16.2 Exemptions. 
 (a) If a Lender or Participant is entitled to claim an exemption or reduction from United States withholding tax, such Lender or Participant agrees with and in favor of Agent, to deliver to Agent and
Administrative Borrower (or, in the case of a Participant, to the Lender granting the participation only) one of the following before receiving its first payment under this Agreement: 

(i) if such Lender or Participant is entitled to claim an exemption from United States withholding tax pursuant to the
portfolio interest exception, (A) a statement of the Lender or Participant, signed under penalty of perjury, that it is not a (1) a “bank” as described in Section 881(c)(3)(A) of the IRC, (2) a ten percent
(10%) shareholder of any Borrower (within the meaning of Section 871(h)(3)(B) of the IRC), or (3) a controlled foreign corporation related to any Borrower within the meaning of Section 864(d)(4) of the IRC, and (B) a
properly completed and executed IRS Form W-8BEN or Form W-8IMY (with proper attachments); 
 (ii) if such Lender
or Participant is entitled to claim an exemption from, or a reduction of, withholding tax under a United States tax treaty, a properly completed and executed copy of IRS Form W-8BEN; 

(iii) if such Lender or Participant is entitled to claim that interest paid under this Agreement is exempt from United
States withholding tax because it is effectively connected with a United States trade or business of such Lender, a properly completed and executed copy of IRS Form W-8ECI; 

(iv) if such Lender or Participant is entitled to claim that interest paid under this Agreement is exempt from United
States withholding tax because such Lender or Participant serves as an intermediary, a properly completed and executed copy of IRS Form W-8IMY (with proper attachments); or 

(v) a properly completed and executed copy of any other form or forms, including IRS Form W-9, as may be required under
the IRC or other laws of the United States as a condition to exemption from, or reduction of, United States withholding or backup withholding tax, including under FATCA. 

  
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 (b) Each Lender or Participant shall provide new forms (or successor forms)
upon the expiration or obsolescence of any previously delivered forms and to promptly notify Agent (or, in the case of a Participant, to the Lender granting the participation only) of any change in circumstances which would modify or render invalid
any claimed exemption or reduction. 
 (c) If a Lender or Participant claims an exemption from withholding tax in
a jurisdiction other than the United States, such Lender or such Participant agrees with and in favor of Agent and Borrowers to deliver to Agent and Administrative Borrower (or, in the case of a Participant, to the Lender granting the participation
only) any such form or forms, as may be required under the laws of such jurisdiction as a condition to exemption from, or reduction of, foreign withholding or backup withholding tax before receiving its first payment under this Agreement, but only
if such Lender or such Participant is legally able to deliver such forms, provided, that, nothing in this Section 16.2(c) shall require a Lender or Participant to disclose any information that it deems to be confidential
(including without limitation, its tax returns). Each Lender and each Participant shall provide new forms (or successor forms) upon the expiration or obsolescence of any previously delivered forms and to promptly notify Agent and Administrative
Borrower (or, in the case of a Participant, to the Lender granting the participation only) of any change in circumstances which would modify or render invalid any claimed exemption or reduction. 

(d) If a Lender or Participant claims exemption from, or reduction of, withholding tax and such Lender or Participant
sells, assigns, grants a participation in, or otherwise transfers all or part of the Obligations of Borrowers to such Lender or Participant, such Lender or Participant agrees to notify Agent and Administrative Borrower (or, in the case of a sale of
a participation interest, to the Lender granting the participation only) of the percentage amount in which it is no longer the beneficial owner of Obligations of Borrowers to such Lender or Participant. To the extent of such percentage amount, Agent
and Administrative Borrower will treat such Lender’s or such Participant’s documentation provided pursuant to Section 16.2(c) or 16.2(d) as no longer valid. With respect to such percentage amount, such Participant or
Assignee may provide new documentation, pursuant to Section 16(c) or 16(d), if applicable. Each Borrower agrees that each Participant shall be entitled to the benefits of this Section 16 with respect to its
participation in any portion of the Commitments and the Obligations so long as such Participant complies with the obligations set forth in this Section 16 with respect thereto. 

16.3 Reductions. 
 (a) If a Lender or a Participant is entitled to a reduction in the applicable withholding tax, Agent (or, in the case of a Participant, to the Lender granting the participation) may withhold from any
interest payment to such Lender or such Participant an amount equivalent to the applicable withholding tax after taking into account such reduction. If the forms or other documentation required by Section 16.2(c) or 16.2(d) are
not delivered to Agent and Administrative Borrower (or, in the case of a Participant, to the Lender granting the participation), then Agent and Borrowers (or, in the case of a Participant, to the Lender granting the participation) may withhold from
any interest payment to such Lender or such Participant not providing such forms or other documentation an amount equivalent to the applicable withholding tax. 
 (b) If the IRS or any other Governmental Authority of the United States or other jurisdiction asserts a claim that Agent (or, in the case of a Participant, to the Lender granting the participation) did
not properly withhold tax from amounts paid to or for the account of any Lender or any Participant due to a failure on the part of the Lender or any Participant (because the appropriate form was not delivered, was not properly executed, or because
such Lender failed to notify Agent (or such Participant failed to notify the Lender granting the participation) of a change in circumstances which rendered the exemption from, or reduction of, withholding tax ineffective, or for any other reason)
such Lender shall indemnify and hold Agent harmless (or, in the case of a Participant, such Participant shall indemnify and hold the Lender 

  
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granting the participation harmless) for all amounts paid, directly or indirectly, by Agent (or, in the case of a Participant, to the Lender granting the participation), as tax or otherwise,
including penalties and interest, and including any taxes imposed by any jurisdiction on the amounts payable to Agent (or, in the case of a Participant, to the Lender granting the participation only) under this Section 16, together with
all costs and expenses (including attorneys fees and expenses). The obligation of the Lenders and the Participants under this subsection shall survive the payment of all Obligations and the resignation or replacement of Agent. 

16.4 Refunds. If Agent or a Lender determines, in its sole discretion, that it has received a refund of any Taxes as to
which it has been indemnified by Borrowers or with respect to which Borrowers have paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing, it shall pay over such
refund to Borrowers (but only to the extent of payments made, or additional amounts paid, by Borrowers under this Section 16 with respect to Taxes giving rise to such a refund), net of all out-of-pocket expenses of Agent or such Lender
and without interest (other than any interest paid by the relevant Governmental Authority with respect to such a refund); provided, that Borrowers, upon the request of Agent or such Lender, agree to repay the amount paid over to Borrowers (plus any
penalties, interest or other charges, imposed by the relevant Governmental Authority, other than such penalties, interest or other charges imposed as a result of the bad faith, willful misconduct or gross negligence of Agent hereunder) to Agent or
such Lender in the event Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this Section 16 shall not be construed to require Agent or any
Lender to make available its tax returns (or any other information which it deems confidential) to any Borrower or any other Person. 
 17.
GENERAL PROVISIONS. 
 17.1 Effectiveness. This Agreement shall be binding and deemed effective when
executed by each Loan Party, Agent, and each Lender whose signature is provided for on the signature pages hereof. 
 17.2
Section Headings. Headings and numbers have been set forth herein for convenience only. Unless the contrary is compelled by the context, everything contained in each Section applies equally to this entire Agreement. 

17.3 Interpretation. Neither this Agreement nor any uncertainty or ambiguity herein shall be construed against the Lender
Group or any Loan Party, whether under any rule of construction or otherwise. On the contrary, this Agreement has been reviewed by all parties and shall be construed and interpreted according to the ordinary meaning of the words used so as to
accomplish fairly the purposes and intentions of all parties hereto. 
 17.4 Severability of Provisions. Each
provision of this Agreement shall be severable from every other provision of this Agreement for the purpose of determining the legal enforceability of any specific provision. 
 17.5 Bank Product Providers. Each Bank Product Provider shall be deemed a third party beneficiary hereof and of the provisions of the other Loan Documents for purposes of any reference in a
Loan Document to the parties for whom Agent is acting. Agent hereby agrees to act as agent for such Bank Product Providers and, as a result of entering into a Bank Product Agreement, the applicable Bank Product Provider shall be automatically deemed
to have appointed Agent as its agent and to have accepted the benefits of the Loan Documents; provided, that, the rights and benefits of each Bank Product Provider under the Loan Documents consist exclusively of such Bank Product
Provider’s being a beneficiary of the Liens and security interests (and, if applicable, guarantees) granted to Agent and the right to share in proceeds of the Collateral as more fully set forth herein. In addition, each Bank Product Provider,
as a 

  
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result of entering into a Bank Product Agreement, shall be automatically deemed to have agreed that Agent shall have the right, but shall have no obligation, to establish, maintain, reduce, or
release reserves in respect of the Bank Product Obligations and that if reserves are established there is no obligation on the part of Agent to determine or insure whether the amount of any such reserve is appropriate or not. In connection with any
such distribution of payments or proceeds of Collateral, Agent shall be entitled to assume no amounts are due or owing to any Bank Product Provider unless such Bank Product Provider has provided a written certification (setting forth a reasonably
detailed calculation) to Agent as to the amounts that are due and owing to it and such written certification is received by Agent a reasonable period of time prior to the making of such distribution. Agent shall have no obligation to calculate the
amount due and payable with respect to any Bank Products, but may rely upon the written certification of the amount due and payable from the relevant Bank Product Provider. In the absence of an updated certification, Agent shall be entitled to
assume that the amount due and payable to the applicable Bank Product Provider is the amount last certified to Agent by such Bank Product Provider as being due and payable (less any distributions made to such Bank Product Provider on account
thereof). Any Borrower may obtain Bank Products from any Bank Product Provider, although no Borrower is required to do so. Each Borrower acknowledges and agrees that no Bank Product Provider has committed to provide any Bank Products and that the
providing of Bank Products by any Bank Product Provider is in the sole and absolute discretion of such Bank Product Provider. Notwithstanding anything to the contrary in this Agreement or any other Loan Document, no provider or holder of any Bank
Product shall have any voting or approval rights hereunder (or be deemed a Lender) solely by virtue of its status as the provider or holder of such agreements or products or the Obligations owing thereunder, nor shall the consent of any such
provider or holder be required (other than in their capacities as Lenders, to the extent applicable) for any matter hereunder or under any of the other Loan Documents, including as to any matter relating to the Collateral or the release of
Collateral or Guarantors. 
 17.6 Debtor-Creditor Relationship. The relationship between the Lenders and Agent, on
the one hand, and the Loan Parties, on the other hand, is solely that of creditor and debtor. No member of the Lender Group has (or shall be deemed to have) any fiduciary relationship or duty to any Loan Party arising out of or in connection with
the Loan Documents or the transactions contemplated thereby, and there is no agency or joint venture relationship between the members of the Lender Group, on the one hand, and the Loan Parties, on the other hand, by virtue of any Loan Document or
any transaction contemplated therein. 
 17.7 Counterparts; Electronic Execution. This Agreement may be executed
in any number of counterparts and by different parties on separate counterparts, each of which, when executed and delivered, shall be deemed to be an original, and all of which, when taken together, shall constitute but one and the same Agreement.
Delivery of an executed counterpart of this Agreement by telefacsimile or other electronic method of transmission shall be equally as effective as delivery of an original executed counterpart of this Agreement. Any party delivering an executed
counterpart of this Agreement by telefacsimile or other electronic method of transmission also shall deliver an original executed counterpart of this Agreement but the failure to deliver an original executed counterpart shall not affect the
validity, enforceability, and binding effect of this Agreement. The foregoing shall apply to each other Loan Document mutatis mutandis. 
 17.8 Revival and Reinstatement of Obligations. If the incurrence or payment of the Obligations by any Borrower or Guarantor or the transfer to the Lender Group of any property should for any
reason subsequently be asserted, or declared, to be void or voidable under any state or federal law relating to creditors’ rights, including provisions of the Bankruptcy Code (or under any bankruptcy or insolvency laws of Canada, including the
BIA and the CCAA) relating to fraudulent conveyances, preferences, or other voidable or recoverable payments of money or transfers of property (each, a “Voidable Transfer”), and if the Lender Group is required to repay or restore,
in whole or in part, any 

  
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such Voidable Transfer, or elects to do so upon the reasonable advice of counsel, then, as to any such Voidable Transfer, or the amount thereof that the Lender Group is required or elects to
repay or restore, and as to all reasonable costs, expenses, and attorneys fees of the Lender Group related thereto, the liability of Borrowers or Guarantor automatically shall be revived, reinstated, and restored and shall exist as though such
Voidable Transfer had never been made. 
 17.9 Confidentiality. 

(a) Agent and Lenders each individually (and not jointly or jointly and severally) agree that material, non-public
information regarding Parent and its Subsidiaries, their operations, assets, and existing and contemplated business plans (“Confidential Information”) shall be treated by Agent and the Lenders in a confidential manner, and shall not
be disclosed by Agent and the Lenders to Persons who are not parties to this Agreement, except: (i) to attorneys for and other advisors, accountants, auditors, and consultants to any member of the Lender Group and to employees, directors and
officers of any member of the Lender Group (the Persons in this clause (i), “Lender Group Representatives”) on a “need to know” basis in connection with this Agreement and the transactions contemplated hereby and on a
confidential basis, (ii) to Subsidiaries and Affiliates of any member of the Lender Group (including the Bank Product Providers), provided that any such Subsidiary or Affiliate shall have agreed to receive such information hereunder subject to
the terms of this Section 17.9, (iii) as may be required by regulatory authorities so long as such authorities are informed of the confidential nature of such information, (iv) as may be required by statute, decision, or
judicial or administrative order, rule, or regulation; provided that (x) prior to any disclosure under this clause (iv), the disclosing party agrees to provide Administrative Borrower with prior notice thereof, to the extent that it is
practicable to do so and to the extent that the disclosing party is permitted to provide such prior notice to Borrowers pursuant to the terms of the applicable statute, decision, or judicial or administrative order, rule, or regulation and
(y) any disclosure under this clause (iv) shall be limited to the portion of the Confidential Information as may be required by such statute, decision, or judicial or administrative order, rule, or regulation, (v) as may be agreed to
in advance in writing by Borrowers, (vi) as requested or required by any Governmental Authority pursuant to any subpoena or other legal process, provided, that, (A) prior to any disclosure under this clause (vi) the
disclosing party agrees to provide Borrowers with prior written notice thereof, to the extent that it is practicable to do so and to the extent that the disclosing party is permitted to provide such prior written notice to Borrowers pursuant to the
terms of the subpoena or other legal process and (B) any disclosure under this clause (vi) shall be limited to the portion of the Confidential Information as may be required by such Governmental Authority pursuant to such subpoena or other
legal process, (vii) as to any such information that is or becomes generally available to the public (other than as a result of prohibited disclosure by Agent or the Lenders or the Lender Group Representatives), (viii) in connection with
any assignment, participation or pledge of any Lender’s interest under this Agreement, provided that prior to receipt of Confidential Information any such assignee, participant, or pledgee shall have agreed in writing to receive such
Confidential Information hereunder subject to the terms of this Section, (ix) in connection with any litigation or other adversary proceeding involving parties hereto which such litigation or adversary proceeding involves claims related to the
rights or duties of such parties under this Agreement or the other Loan Documents; provided, that, prior to any disclosure to any Person (other than any Loan Party, Agent, any Lender, any of their respective Affiliates, or their
respective counsel) under this clause (ix) with respect to litigation involving any Person (other than any Borrower, Agent, any Lender, any of their respective Affiliates, or their respective counsel), the disclosing party agrees to provide
Borrowers with prior written notice thereof, and (x) in connection with, and to the extent reasonably necessary for, the exercise of any secured creditor remedy under this Agreement or under any other Loan Document. 

(b) Anything in this Agreement to the contrary notwithstanding, Agent may provide customary information concerning the
terms and conditions of this Agreement and the other Loan Documents to loan syndication and pricing reporting services or for its marketing materials, with such 

  
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information to consist of deal terms and other information customarily found in such publications or marketing materials and may otherwise use the name, logos, and other insignia of Borrowers and
Loan Parties and the Commitments provided hereunder in any “tombstone” or other advertisements, on its website or in other marketing materials of the Agent, provided, that, the content of any “tombstones” will be
reasonably acceptable to the Parent. 
 17.10 Lender Group Expenses. Borrowers agree to pay any and all Lender
Group Expenses on the earlier of (a) the first day of the month following the date on which such Lender Group Expenses were first incurred (or in the case of out-of-pocket expenses for third parties, following the date that Agent
provides the invoice or other notice of such charges to Administrative Borrower) or (b) five (5) days after the date on which demand therefor is made by Agent. Borrowers agree that their respective obligations contained in this
Section 17.10 shall survive payment or satisfaction in full of all other Obligations. 
 17.11
Survival. All representations and warranties made by the Loan Parties in the Loan Documents and in the certificates or other instruments delivered in connection with or pursuant to this Agreement or any other Loan Document shall be
considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of the Loan Documents and the making of any loans and issuance of any Letters of Credit, regardless of any investigation made by any such
other party or on its behalf and notwithstanding that Agent, the Issuing Lender, or any Lender may have had notice or knowledge of any Default or Event of Default or incorrect representation or warranty at the time any credit is extended hereunder,
and shall continue in full force and effect as long as the principal of or any accrued interest on any loan or any fee or any other amount payable under this Agreement is outstanding and unpaid or any Letter of Credit is outstanding and so long as
the Commitments have not expired or terminated. 
 17.12 Patriot Act. Each Lender that is subject to the
requirements of the Patriot Act hereby notifies Borrowers that pursuant to the requirements of the Act, it is required to obtain, verify and record information that identifies each Borrower, which information includes the name and address of each
Borrower and other information that will allow such Lender to identify each Borrower in accordance with the Patriot Act. In addition, if Agent is required by law or regulation or internal policies to do so, it shall have the right to periodically
conduct (a) Patriot Act searches, OFAC/PEP searches, and customary individual background checks for the Loan Parties and (b) OFAC/PEP searches and customary individual background checks for the Loan Parties’ senior management and key
principals, and each Borrower agrees to cooperate in respect of the conduct of such searches and further agrees that the reasonable costs and charges for such searches shall constitute Lender Expenses hereunder and be for the account of such
Borrower. 
 17.13 Integration. This Agreement, together with the other Loan Documents, reflects the entire
understanding of the parties with respect to the transactions contemplated hereby and shall not be contradicted or qualified by any other agreement, oral or written, before the date hereof. The foregoing to the contrary notwithstanding, all Bank
Product Agreements, if any, are independent agreements governed by the written provisions of such Bank Product Agreements, which will remain in full force and effect, unaffected by any repayment, prepayments, acceleration, reduction, increase, or
change in the terms of any credit extended hereunder, except as otherwise expressly provided in such Bank Product Agreement. 

17.14 Administrative Borrower as Agent for Borrowers. 

(a) Each Borrower hereby irrevocably appoints and constitutes Parent (“Administrative Borrower”) as its
agent and attorney-in-fact to request and receive Loans and Letters of Credit pursuant to this Agreement and the other Loan Documents from Agent or any Lender or Issuing Lender in the name or on behalf of such Borrower. Agent, Lenders and Issuing
Lenders may disburse the Loans to such bank 

  
 89 

 
account of Administrative Borrower or a Borrower or otherwise make such Loans to a Borrower and provide such Letters of Credit to a Borrower as Administrative Borrower may designate or direct,
without notice to any other Loan Party. Notwithstanding anything to the contrary contained herein, Agent may at any time and from time to time require that Loans to or for the account of any Borrower be disbursed directly to an operating account of
such Borrower. 
 (b) Administrative Borrower hereby accepts the appointment by Borrowers to act as the agent and
attorney-in-fact of Borrowers pursuant to this Section 17.14. Administrative Borrower shall ensure that the disbursement of any Loans to each Borrower requested by or paid to or for the account of Parent, or the issuance of any Letter of Credit
for a Borrower hereunder, shall be paid to or for the account of such Borrower. 
 (c) Each Loan Party hereby
irrevocably appoints and constitutes Administrative Borrower as its agent to receive statements on account and all other notices from Agent, Lenders and Issuing Lenders with respect to the Obligations or otherwise under or in connection with this
Agreement and the other Loan Documents. 
 (d) Any notice, election, representation, warranty, agreement or
undertaking by or on behalf of any other Loan Party by Administrative Borrower shall be deemed for all purposes to have been made by such Loan Party, as the case may be, and shall be binding upon and enforceable against such Loan Party to the same
extent as if made directly by such Loan Party. 
 (e) No resignation or termination of the appointment of
Administrative Borrower as agent as aforesaid shall be effective, except after ten (10) Business Days’ prior written notice to Agent. If the Administrative Borrower resigns under this Agreement, Borrowers shall be entitled to appoint a
successor Administrative Borrower (which shall be a Borrower). Upon the acceptance of its appointment as successor Administrative Borrower hereunder, such successor Administrative Borrower shall succeed to all the rights, powers and duties of the
retiring Administrative Borrower and the term “Administrative Borrower” shall mean such successor Administrative Borrower and the retiring or terminated Administrative Borrower’s appointment, powers and duties as Administrative
Borrower shall be terminated. 
 17.15 Currency Indemnity. If, for the purposes of obtaining judgment in any court
in any jurisdiction with respect to this Agreement or any of the other Loan Documents, it becomes necessary to convert into the currency of such jurisdiction (the “Judgment Currency”) any amount due under this Agreement or under any
of the other Loan Documents in any currency other than the Judgment Currency (the “Currency Due”), then conversion shall be made at the Exchange Rate at which Agent is able, on the relevant date, to purchase the Currency Due with
the Judgment Currency prevailing on the Business Day before the day on which judgment is given. In the event that there is a change in the Exchange Rate prevailing between the Business Day before the day on which the judgment is given and the date
of receipt by Agent of the amount due, Borrowers will, on the date of receipt by Agent, pay such additional amounts, if any, as may be necessary to ensure that the amount received by Agent on such date is the amount in the Judgment Currency which
when converted at the rate of exchange prevailing on the date of receipt by Agent is the amount then due under this Agreement or such other of the Loan Documents in the Currency Due. If the amount of the Currency Due which Agent is able to purchase
is less than the amount of the Currency Due originally due to it, Loan Parties shall indemnify and save Agent harmless from and against loss or damage arising as a result of such deficiency. The indemnity contained herein shall constitute an
obligation separate and independent from the other obligations contained in this Agreement and the other Loan Documents, shall give rise to a separate and independent cause of action, shall apply irrespective of any indulgence granted by any Agent
from time to time and shall continue in 

  
 90 

 
full force and effect notwithstanding any judgment or order for a liquidated sum in respect of an amount due under this Agreement or any of the other Loan Documents or under any judgment or
order. 
 17.16 Anti-Money Laundering Legislation. 

(a) Each Loan Party acknowledges that, pursuant to the Proceeds of Crime Money Laundering) and Terrorist Financing Act
(Canada) and other applicable anti-money laundering, anti-terrorist financing, government sanction and “know your client” laws, under the laws of Canada (collectively, including any guidelines or orders thereunder, “AML
Legislation”), Agent and Lenders may be required to obtain, verify and record information regarding each Loan Party, its respective directors, authorized signing officers, direct or indirect shareholders or other Persons in control of such
Loan Party, and the transactions contemplated hereby. Administrative Borrower shall promptly provide all such information, including supporting documentation and other evidence, as may be reasonably requested by any Lender or Agent, or any
prospective assign or participant of a Lender or Agent, necessary in order to comply with any applicable AML Legislation, whether now or hereafter in existence. 
 (b) If Agent has ascertained the identity of any Loan Party or any authorized signatories of any Loan Party for the purposes of applicable AML Legislation, then the Agent: 

(i) shall be deemed to have done so as an agent for each Lender, and this Agreement shall constitute a “written
agreement” in such regard between each Lender and the Agent within the meaning of applicable AML Legislation; and 
 (ii) shall provide to each Lender copies of all information obtained in such regard without any representation or warranty as to its accuracy or completeness. 

(c) Notwithstanding the provisions of this Section and except as may otherwise be agreed in writing, each Lender agrees
that Agent has no obligation to ascertain the identity of the Loan Parties or any authorized signatories of the Loan Parties on behalf of any Lender, or to confirm the completeness or accuracy of any information it obtains from the Loan Parties or
any such authorized signatory in doing so. 
 17.17 Quebec Interpretation. For all purposes of any assets,
liabilities or entities located in the Province of Quebec and for all purposes pursuant to which the interpretation or construction of this Agreement may be subject to the laws of the Province of Quebec or a court or tribunal exercising jurisdiction
in the Province of Quebec, (a) “personal property” shall include “movable property”, (b) “real property” shall include “immovable property”, (c) “tangible property” shall include
“corporeal property”, (d) “intangible property” shall include “incorporeal property”, (e) “security interest”, “mortgage” and “lien” shall include a “hypothec”,
“prior claim” and a “resolutory clause”, (f) all references to filing, registering or recording under the Code or PPSA shall include publication under the Civil Code of Quebec, (g) all references to
“perfection” of or “perfected” liens or security interest shall include a reference to an “opposable” or “set up” lien or security interest as against third parties, (h) any “right of offset”,
“right of setoff” or similar expression shall include a “right of compensation”, (i) “goods” shall include corporeal movable property” other than chattel paper, documents of title, instruments, money and
securities, (j) an “agent” shall include a “mandatary”, (k) “construction liens” shall include “legal hypothecs”, (l) “joint and several” shall include solidary, (m) “gross
negligence or willful misconduct” shall be deemed to be “intentional or gross fault”, (n) “beneficial ownership” shall include “ownership on behalf of another as mandatary”, (o) “easement” shall
include “servitude”, (p) “priority” shall include “prior claim”, (q) “survey” shall include “certificate of location and plan”, and (r) “fee simple title” shall include
“absolute ownership”. 

  
 91 

 17.18 English Language Only. The parties hereto confirm that it is their wish
that this Agreement and any other document executed in connection with the transactions contemplated hereby be drawn up in the English language only and that all other documents contemplated hereunder or relating hereto, including notices, shall
also be drawn up in the English language only. Les parties aux présentes confirment que c’est leur volonté que cette convention et les autres documents de crédit soient rédigés en langue anglaise seulement et
que tous les documents, y compris tous avis, envisagés par cette convention et les autres documents peuvent être rédigés en langue anglaise seulement. 

[Signature pages to follow.] 

  
 92 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed and
delivered as of the date first above written. 
  

			
	U.S. BORROWERS:
	
	POLYONE CORPORATION
		
	By:	 	/s/ Daniel O’Bryon
	Name:	 	Daniel O’Bryon
	Title:	 	Treasurer
	
	GLS INTERNATIONAL, INC.
	NEU SPECIALTY ENGINEERED
	MATERIALS, LLC
		
	By:	 	/s/ Woodrow W. Ban
	Name:	 	Woodrow W. Ban
	Title:	 	Assistant Secretary
	
	CANADIAN BORROWER:
	
	POLYONE CANADA INC.
		
	By:	 	/s/ Woodrow W. Ban
	Name:	 	Woodrow W. Ban
	Title:	 	Secretary

 [SIGNATURES CONTINUED FROM PREVIOUS PAGE] 

 

			
	GUARANTORS
	
	M.A. HANNA ASIA HOLDING COMPANY
		
	By:	 	/s/ Woodrow W. Ban
	Name:	 	Woodrow W. Ban
	Title:	 	Assistant Secretary
	
	POLYONE LLC
		
	By:	 	/s/ Woodrow W. Ban
	Name:	 	Woodrow W. Ban
	Title:	 	Manager
	
	CONEXUS, INC.
	POLYMER DIAGNOSTICS, INC.
	COLORMATRIX GROUP, INC.
	COLORMATRIX HOLDINGS, INC.
	THE COLORMATRIX CORPORATION
	CHROMATICS, INC.
	GAYSON SILICONE DISPERSIONS, INC.
		
	By:	 	/s/ Woodrow W. Ban
	Name:	 	Woodrow W. Ban
	Title:	 	Secretary
	
	COLORMATRIX-BRAZIL, LLC
	
	By: The ColorMatrix Corporation, its sole member
		
	By:	 	/s/ Woodrow W. Ban
	Name:	 	Woodrow W. Ban
	Title:	 	Secretary

 [SIGNATURES CONTINUE ON FOLLOWING PAGE] 

 [SIGNATURES CONTINUED FROM PREVIOUS PAGE] 

 

			
	WELLS FARGO CAPITAL FINANCE, LLC, as Agent, Swing Line Lender and a Lender
		
	By:	 	/s/ Anwar S. Young
	Name:	 	Anwar S. Young
	Title:	 	Director

 [SIGNATURES CONTINUE ON FOLLOWING PAGE] 

 [SIGNATURES CONTINUED FROM PREVIOUS PAGE] 

 

			
	WELLS FARGO CAPITAL FINANCE
	CORPORATION CANADA, as a Lender
		
	By:	 	/s/ Domenic Cosentino
	Name:	 	Domenic Cosentino
	Title:	 	Vice President

 [SIGNATURES CONTINUE ON FOLLOWING PAGE] 

 [SIGNATURES CONTINUED FROM PREVIOUS PAGE] 

 

			
	BANK OF AMERICA, N.A.,
	 as a Syndication Agent and a Lender

		
	By:	 	/s/ Charles Fairchild
	Name:	 	Charles Fairchild
	Title:	 	Assistant Vice President

 [SIGNATURES CONTINUE ON FOLLOWING PAGE] 

 [SIGNATURES CONTINUED FROM PREVIOUS PAGE] 

 

			
	BANK OF AMERICA, N.A.,
	 CANADA BRANCH, as a Lender

		
	By:	 	/s/ Medina Sales de Andrade
	Name:	 	Medina Sales de Andrade
	Title:	 	Vice President

 [SIGNATURES CONTINUE ON FOLLOWING PAGE] 

 [SIGNATURES CONTINUED FROM PREVIOUS PAGE] 

 

			
	U.S. BANK NATIONAL ASSOCIATION,
	 as a Syndication Agent and a Lender

		
	By:	 	/s/ Christopher Fudge
	Name:	 	Christopher Fudge
	Title:	 	Vice President

 [SIGNATURES CONTINUE ON FOLLOWING PAGE] 

 [SIGNATURES CONTINUED FROM PREVIOUS PAGE] 

 

			
	U.S. BANK NATIONAL ASSOCIATION,
	 CANADA BRANCH, as a Lender

		
	By:	 	/s/ Joseph Rauhala
	Name:	 	Joseph Rauhala
	Title:	 	Principal Officer

 [SIGNATURES CONTINUE ON FOLLOWING PAGE] 

 [SIGNATURES CONTINUED FROM PREVIOUS PAGE] 

 

			
	CITIBANK, NA,
	 as a Lender

		
	By:	 	/s/ Matthew Paquin
	Name:	 	Matthew Paquin
	Title:	 	Vice President and Director

 [SIGNATURES CONTINUE ON FOLLOWING PAGE] 

 [SIGNATURES CONTINUED FROM PREVIOUS PAGE] 

 

			
	 HSBC BANK USA, N.A.,

as a Lender

		
	By:	 	/s/ Frank M. Eassa
	Name:	 	Frank M. Eassa
	Title:	 	AVP

 [SIGNATURES CONTINUE ON FOLLOWING PAGE] 

 [SIGNATURES CONTINUED FROM PREVIOUS PAGE] 

 

			
	 KEYBANK NATIONAL ASSOCIATION,
 as a Documentation Agent and a Lender

		
	By:	 	/s/ Paul A. Taubeneck
	Name:	 	Paul A. Taubeneck
	Title:	 	Vice President

 [SIGNATURES CONTINUE ON FOLLOWING PAGE] 

 [SIGNATURES CONTINUED FROM PREVIOUS PAGE] 

 

			
	 PNC BANK, NATIONAL ASSOCIATION,
 as a Documentation Agent and a Lender

		
	By:	 	/s/ Roger F. Reeder
	Name:	 	Roger F. Reeder
	Title:	 	Vice President

 [SIGNATURES CONTINUE ON FOLLOWING PAGE] 

 [SIGNATURES CONTINUED FROM PREVIOUS PAGE] 

 

			
	 PNC BANK CANADA BRANCH,
 as a Lender

		
	By:	 	/s/ Mike Danby
	Name:	 	Mike Danby
	Title:	 	Assistant Vice President

 [SIGNATURES CONTINUE ON FOLLOWING PAGE] 

 EXHIBIT A-1 
 FORM OF ASSIGNMENT AND ACCEPTANCE AGREEMENT 
 This ASSIGNMENT AND
ACCEPTANCE AGREEMENT (“Assignment Agreement”) is entered into as of                      between
                     (“Assignor”) and
                     (“Assignee”). Reference is made to the Agreement described in Annex I hereto (the “Credit
Agreement”). Capitalized terms used herein and not otherwise defined shall have the meanings ascribed to them in the Credit Agreement. 
 1. In accordance with the terms and conditions of Section 13 of the Credit Agreement, the Assignor hereby sells and assigns to the Assignee, and the Assignee hereby purchases and assumes from
the Assignor, that interest in and to the Assignor’s rights and obligations under the Loan Documents as of the date hereof with respect to the Obligations owing to the Assignor, and Assignor’s portion of the Commitments, all to the extent
specified on Annex I. 
 2. The Assignor (a) represents and warrants that (i) it is the legal and
beneficial owner of the interest being assigned by it hereunder and that such interest is free and clear of any adverse claim and (ii) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment
Agreement and to consummate the transactions contemplated hereby; (b) makes no representation or warranty and assumes no responsibility with respect to (i) any statements, representations or warranties made in or in connection with the
Loan Documents, or (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any other instrument or document furnished pursuant thereto; (c) makes no representation or warranty and
assumes no responsibility with respect to the financial condition of any Loan Party or the performance or observance by any Loan Party of any of their respective obligations under the Loan Documents or any other instrument or document furnished
pursuant thereto, and (d) represents and warrants that the amount set forth as the Purchase Price on Annex I represents the amount owed by Borrowers to Assignor with respect to Assignor’s share of the Revolving Loans assigned
hereunder, as reflected on Assignor’s books and records. 
 3. The Assignee (a) confirms that it has received copies
of the Credit Agreement and the other Loan Documents, together with copies of the financial statements referred to therein and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter
into this Assignment Agreement; (b) agrees that it will, independently and without reliance upon Agent, Assignor, or any other Lender, based upon such documents and information as it shall deem appropriate at the time, continue to make its own
credit decisions in taking or not taking any action under the Loan Documents; (c) confirms that it is an Eligible Transferee; (d) appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers
under the Loan Documents as are delegated to Agent by the terms thereof, together with such powers as are reasonably incidental thereto; (e) agrees that it will perform in accordance with their terms all of the obligations which by the terms of
the Loan Documents are required to be performed by it as a Lender; [and (f) attaches the forms prescribed by the Internal Revenue Service of the United States certifying as to the Assignee’s status for purposes of determining exemption
from United States withholding taxes with respect to all payments to be made to the Assignee under the Credit Agreement or such other documents as are necessary to indicate that all such payments are subject to such rates at a rate reduced by an
applicable tax treaty.] 

 4. Following the execution of this Assignment Agreement by the Assignor and Assignee, the
Assignor will deliver this Assignment Agreement to the Agent for recording by the Agent. The effective date of this Assignment (the “Settlement Date”) shall be the latest to occur of (a) the date of the execution and delivery hereof
by the Assignor and the Assignee, (b) the receipt by Agent for its sole and separate account a processing fee in the amount of $3,500 (if required by the Credit Agreement), (c) the receipt of any required consent of the Agent, and
(d) the date specified in Annex I. 
 5. As of the Settlement Date (a) the Assignee shall be a party to the Credit
Agreement and, to the extent of the interest assigned pursuant to this Assignment Agreement, have the rights and obligations of a Lender thereunder and under the other Loan Documents, and (b) the Assignor shall, to the extent of the interest
assigned pursuant to this Assignment Agreement, relinquish its rights and be released from its obligations under the Credit Agreement and the other Loan Documents, provided, however, that nothing contained herein shall release any
assigning Lender from obligations that survive the termination of this Agreement, including such assigning Lender’s obligations under Article 15 and Section 17.9(a) of the Credit Agreement. 

6. Upon the Settlement Date, Assignee shall pay to Assignor the Purchase Price (as set forth in Annex I). From and after the Settlement
Date, Agent shall make all payments that are due and payable to the holder of the interest assigned hereunder (including payments of principal, interest, fees and other amounts) to Assignor for amounts which have accrued up to but excluding the
Settlement Date and to Assignee for amounts which have accrued from and after the Settlement Date. On the Settlement Date, Assignor shall pay to Assignee an amount equal to the portion of any interest, fee, or any other charge that was paid to
Assignor prior to the Settlement Date on account of the interest assigned hereunder and that are due and payable to Assignee with respect thereto, to the extent that such interest, fee or other charge relates to the period of time from and after the
Settlement Date. 
 7. This Assignment Agreement may be executed in counterparts and by the parties hereto in separate
counterparts, each of which when so executed and delivered shall be an original, but all of which shall together constitute one and the same instrument. This Assignment Agreement may be executed and delivered by telecopier or other facsimile
transmission all with the same force and effect as if the same were a fully executed and delivered original manual counterpart. 

8. THIS ASSIGNMENT AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

 IN WITNESS WHEREOF, the parties hereto have caused this Assignment Agreement and Annex I
hereto to be executed by their respective officers, as of the first date written above. 
  

			
	 [NAME OF ASSIGNOR]
  

as Assignor

		
	By	 	 
		 	Name:
		 	Title:
	
	 [NAME OF ASSIGNEE]
  

as Assignee

		
	By	 	 
		 	Name:
		 	Title:

 ACCEPTED THIS          DAY OF
                     
  

			
	WELLS FARGO CAPITAL FINANCE, LLC,
as Agent
		
	By	 	 
		 	Name:
		 	Title:

 ANNEX FOR ASSIGNMENT AND ACCEPTANCE 

ANNEX I 
  

													
	1.	  	Borrowers:	  		  		  		  			
					
		  		  		  	PolyOne Corporation (“Parent”), GLS International, Inc. (“GLS”), PolyOne Canada Inc. (“PolyOne Canada”) and NEU Specialty Engineered
Materials, LLC (“NEU” and, together with Parent, GLS, PolyOne Canada and any Person that may form time to time become a borrower, each a “Borrower” and, collectively, “Borrowers”)	  			
			
	2.	  	Name and Date of Credit Agreement:	  			
					
		  		  		  	Credit Agreement, dated as of December 21, 2011, by and among Borrowers, certain subsidiaries of Parent, as Guarantors, the lenders from time to time a party thereto
(the “Lenders”), Wells Fargo Capital Finance, LLC, as the agent for the Lenders	  			
			
	3.	  	Date of Assignment Agreement:	  	 	_____________	  
						
	4.	  	Amounts:	  		  		  		  			
			
		  	 a.      Assigned Amount of [US] [Canadian] Commitment
	  	$	_____________	  
			
		  	 b.      Assigned Amount of [US] [Canadian] Revolving Loans
	  	$	_____________	  
			
	5.	  	Settlement Date:	  	 	_____________	  
			
	6.	  	Purchase Price	  	$	_____________	  
			
	7.	  	Notice and Payment Instructions, etc.	  			

											
					
		  	Assignee:	  		  	Assignor:	  	
					
		  	 	  		  	 	  	
					
		  	 	  		  	 	  	
					
		  	 	  		  	 	  	

  

											
	8.	  	Agreed and Accepted:	  		  	
					
		  	[ASSIGNOR]	  		  	[ASSIGNEE]	  	
						
		  	By:	  	 	  	By:	  	 	  	
		  	Title:	  	 	  	Title:	  	 	  	

  

			
	Accepted:
	WELLS FARGO CAPITAL FINANCE, LLC,
as Agent
		
	By	 	 
		 	Name:
		 	Title:

 EXHIBIT B-1 
 FORM OF US BORROWING BASE CERTIFICATE 
 See attached 

  

			
	

	  	Summary Page Borrowing Base Certificate

  

											
	 Date
	  	 	  		  		  		  	
	 Name
	  	PolyOne Corporation	  		  		  		  	
		  		  		  		  	A/R As of:	  	__________
		  		  		  		  	Inventory As of:	  	__________

 The undersigned, PolyOne Corporation (“Borrower”), pursuant to that certain Credit Agreement dated as of
             (as amended, restated, modified, supplemented, refinanced, renewed, or extended from time to time, the “Credit Agreement”), entered into among Borrower, the
lenders signatory thereto from time to time and Wells Fargo Capital Finance, LLC, a Delaware limited liability company as the arranger and administrative agent (in such capacity, together with its successors and assigns, if any, in such capacity,
“Agent”), hereby certifies to Agent that the following items, calculated in accordance with the terms and definitions set forth in the Credit Agreement for such items are true and correct, and that Borrower is in compliance with and, after
giving effect to any currently requested Advances, will be in compliance with, the terms, conditions, and provisions of the Credit Agreement. 
  

									
	Accounts Receivable
	 	  	 	  	US	  	Canada	  	Consolidated
					
	 Accounts Receivable Balance per Aging Report Assigned To Wells Fargo Capital Finance
	  		  		  		  	
	 Less Ineligibles (detailed on page 2)
	  		  		  		  	
	 Net Eligible Accounts Receivable
	  		  		  		  	
	 Accounts Receivable Availability before Sublimit(s)
	  		  		  		  	
	 Net Available Accounts Receivable after Sublimit(s)
	  		  		  		  	
	
	Inventory
	 	  	 	  	US	  	Canada	  	Consolidated
					
	 Inventory Balance Assigned To Wells Fargo Capital Finance
	  		  		  		  	
	 Less Ineligibles (detailed on page 3)
	  		  		  		  	
	 Eligible Inventory
	  		  		  		  	
	 Inventory Availability before Sublimit(s)
	  		  		  		  	
					
	 Available Inventory after 50% of Maximum Credit Sublimit(s)
	  		  		  		  	
	
	Summary
	 Availability before Credit Line & Reserves
	  		  		  		  	
	 Total Credit Line
	  		  		  		  	
					
		  	Suppressed Availability	  		  		  	
					
	 Total Availability before Reserves
	  		  		  		  	
	 Reserves
	  		  		  		  	
	 ___________________
	  		  		  		  	
	 ___________________
	  		  		  		  	
	 ___________________
	  		  		  		  	
	 ___________________
	  		  		  		  	
	 ___________________
	  		  		  		  	
					
	 Total Reserves
	  		  		  		  	
					
	 Availability before Loan Balance
	  		  		  		  	
	 Letter of Credit Balance
	  	As of:            	  		  		  	
	 Loan Ledger Balance
	  	As of:            	  		  		  	
	 Cash in-transit
	  		  		  		  	
	 Adjusted Loan Balance
	  		  		  		  	
					
	 Net Availability
	  		  		  		  	

 Additionally, the undersigned hereby certifies and represents and warrants to the Lender Group on behalf of Borrower that
(i) as of the date hereof, each representation or warranty contained in or pursuant to any Loan Document, any agreement, instrument, certificate, document or other writing furnished at any time under or in connection with any Loan Document, and
as of the effective date of any advance, continuation or conversion requested above is true and correct in all material respects (except to the extent any representation or warranty expressly related to an earlier date), (ii) each of the
covenants and agreements contained in any Loan Document have been performed (to the extent required to be performed on or before the date hereof or each such effective date), (iii) no Default or Event of Default has occurred and is continuing
on the date hereof, nor will any thereof occur after giving effect to the request above, and (iv) all of the foregoing is true and correct as of the effective date of the calculations set forth above and that such calculations have been made in
accordance with the requirements of the Credit Agreement. 
  

			
	  	  	List of attachments with this Borrowing Base Certificate:
	 Authorized Signer
	  	 Page 2 - Accounts Receivable Availability Detail

		  	 Page 2a - Accounts Receivable Summary

		  	 Page 2b - Accounts Receivable Concentrations

		  	 Page 2c - Accounts Receivable Dilution

		  	 Page 3 - Inventory Availability Detail

		  	 Page 3a - Inventory Availability Detail

		  	 Page 3b - Inventory Availability Summary

  

			
	Accounts Receivable Availability Detail
		
	Name:	 	PolyOne Corporation

																											
	 Report based on Aging dated:
	 				 				 				 				 				 			
	 	 	 	 	Loan ID #:	 	 	TBD	 	 	TBD	 	 	TBD	 	 	TBD	 	 	 	 
	 	 	 	 	Division Name:	 	 	US PolyOne	 	 	US GLS	 	 	Color Matrix	 	 	Canada PolyOne (USD)	 	 	Total	 
	 Aging Spreads:
	 				 				 				 				 				 			
		 	 Future
	 				 				 				 				 				 			
		 	 0 - 30 DOI
	 				 				 				 				 				 			
		 	 31 - 60 DOI
	 				 				 				 				 				 			
		 	 61 - 90 DOI
	 				 				 				 				 				 			
		 	 91 - 120 DOI
	 				 				 				 				 				 			
		 	 121+ DOI
	 				 				 				 				 				 			
	 A/R Aging Balance:
	 				 				 				 				 				 			
	Ineligibles:	 		 				 				 				 				 				 			
	ERS	 	 Past Due-
	 				 				 				 				 				 			
	ERS	 	 Past Due Credits
	 				 				 				 				 				 			
	ERS	 	 CrossAge
	 				 				 				 				 				 			
	ERS	 	 Intercompany
	 				 				 				 				 				 			
	ERS	 	 Foreign
	 				 				 				 				 				 			
	ERS	 	 Government
	 				 				 				 				 				 			
	ERS	 	 COD
	 				 				 				 				 				 			
	ERS	 	 Debit Memo
	 				 				 				 				 				 			
	ERS	 	 Customer Deposits
	 				 				 				 				 				 			
	ERS	 	 Employee Sales
	 				 				 				 				 				 			
	ERS	 	 Progress Billing
	 				 				 				 				 				 			
	ERS	 	 Extended Terms
	 				 				 				 				 				 			
	ERS	 	 Finance Charges
	 				 				 				 				 				 			
	ERS	 	 Guaranteed
	 				 				 				 				 				 			
	ERS	 	 Coop Advertising
	 				 				 				 				 				 			
	ERS	 	 Samples
	 				 				 				 				 				 			
	ERS	 	 Consignment Sales
	 				 				 				 				 				 			
	ERS	 	 Bill & Hold
	 				 				 				 				 				 			
	ERS	 	 Bankrupt/Doubtful
	 				 				 				 				 				 			
	ERS	 	 Contra
	 				 				 				 				 				 			
	ERS	 	 Other1
	 				 				 				 				 				 			
	ERS	 	 Other2
	 				 				 				 				 				 			
	ERS	 	 Other3
	 				 				 				 				 				 			
	ERS	 	 Other4
	 				 				 				 				 				 			
	ERS	 	 Other5
	 				 				 				 				 				 			
	ERS	 	 Other6
	 				 				 				 				 				 			
	Manual	 	 Manual1
	 				 				 				 				 				 			
	Manual	 	 Manual2
	 				 				 				 				 				 			
	Manual	 	 Manual3
	 				 				 				 				 				 			
	Manual	 	 Manual4
	 				 				 				 				 				 			
	Manual	 	 Manual5
	 				 				 				 				 				 			
	Manual	 	 Concentration Cap
	 				 				 				 				 				 			
	Manual	 	 Reserve grossed up as Ineligible
	 				 				 				 				 				 			
	Manual	 	 Reserve grossed up as Ineligible
	 				 				 				 				 				 			
	Manual	 	 Dilution Ineligible (grossed up)
	 				 				 				 				 				 			
							
	 Total Ineligible A/R:
	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  
	 Eligible A/R
	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  
	 Advance Rate
	 				 				 				 				 				 			
	 A/R Availability before Sublimit(s)
	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  
							
	 Line Limit or Sublimit(s)
	 				 				 				 				 				 			
							
	 Net A/R Availability
	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  

  

			
	 RM Signature
	 	 

  
 Page 2 - AR
Detail 

  

			
	Accounts Receivable Availability Summary
		
	 Name:
	 	PolyOne Corporation

																			
	 Report based on Aging dated:
	  				  				  				  			
	 	  	 	  	Loan ID #:	 	  	TBD	 	  	TBD	 	  	 	 
	 	  	 	  	 	 	  	US PolyOne	 	  	Canada PolyOne	 	  	 	 
	 	  	 	  	Pool Name:	 	  	(USD)	 	  	(USD)	 	  	Total	 
	 Aging Spreads:
	  				  				  				  			
		  	 Future
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
		  	 1 - 30 DOI
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
		  	 31 - 60 DOI
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
		  	 61 - 90 DOI
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
		  	 91 - 120 DOI
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
		  	 121+ DOI
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
					
	 A/R Aging Balance:
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	Ineligibles:	  		  				  				  				  			
	ERS	  	 Past Due-
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	ERS	  	 Past Due Credits
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	ERS	  	 CrossAge
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	ERS	  	 Intercompany
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	ERS	  	 Foreign
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	ERS	  	 Government
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	ERS	  	 COD
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	ERS	  	 Debit Memo
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	ERS	  	 Customer Deposits
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	ERS	  	 Employee Sales
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	ERS	  	 Progress Billing
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	ERS	  	 Extended Terms
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	ERS	  	 Finance Charges
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	ERS	  	 Guaranteed
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	ERS	  	 Coop Advertising
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	ERS	  	 Samples
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	ERS	  	 Consignment Sales
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	ERS	  	 Bill & Hold
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	ERS	  	 Bankrupt/Doubtful
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	ERS	  	 Contra
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	ERS	  	 Other1
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	ERS	  	 Other2
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	ERS	  	 Other3
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	ERS	  	 Other4
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	ERS	  	 Other5
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	ERS	  	 Other6
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	Manual	  	 Manual1
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	Manual	  	 Manual2
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	Manual	  	 Manual3
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	Manual	  	 Manual4
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	Manual	  	 Manual5
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	Manual	  	 Manual6
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	Manual	  	 Concentration Cap
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	Manual	  	 Reserve grossed up as Ineligible
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	Manual	  	 Reserve grossed up as Ineligible
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	Manual	  	 Dilution Ineligible (grossed up)
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
					
	 Total Ineligible A/R:
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
					
	 Eligible A/R
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Advance Rate
	  				  				  				  			
					
	 A/R Availability before Sublimit(s)
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
					
	 Line Limit or Sublimit(s)
	  				  				  				  			
					
	 Net A/R Availability
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
		
	 FYI - Total Eligible Receivables to US Based Multinational Corporations with a BBB- rating or
better
	   
	  			

  
 Page 2a -
AR Summary 

  

																																																									
	AR CONCENTRATIONS	 		 				 				 				 				 				 				 				 				 				 				 				 		 				 	
	PolyOne Corporation	 		 				 	 	As of:	  	 	 	 	 	 				 				 				 				 				 				 				 				 		 				 	
																
	Consolidated	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Ineligibles	 	 	 	 	 	 	 	 	 	 	 
	 #
	  	 Customer
Name Calc
	 	% or $ Allowed
of Eligible AR	 	% of
Eligible	 	 	% of AR	 	 	Total	 	 	Future	 	 	0 -30
DOI	 	 	31 -60
DOI	 	 	61 -90
DOI	 	 	91 -120
DOI	 	 	121+
DOI	 	 	Total	 	 	Eligible
A/R	 	 	Conc
Cap	 	Conc
IE	 	 	% of
Balance
	1	  		 		 				 				 				 				 				 				 				 				 				 				 				 		 				 	
	2	  		 		 				 				 				 				 				 				 				 				 				 				 				 		 				 	
	3	  		 		 				 				 				 				 				 				 				 				 				 				 				 		 				 	
	4	  		 		 				 				 				 				 				 				 				 				 				 				 				 		 				 	
	5	  		 		 				 				 				 				 				 				 				 				 				 				 				 		 				 	
	6	  		 		 				 				 				 				 				 				 				 				 				 				 				 		 				 	
	7	  		 		 				 				 				 				 				 				 				 				 				 				 				 		 				 	
	8	  		 		 				 				 				 				 				 				 				 				 				 				 				 		 				 	
	9	  		 		 				 				 				 				 				 				 				 				 				 				 				 		 				 	
	10	  		 		 				 				 				 				 				 				 				 				 				 				 				 		 				 	
		  	 Total Analyzed
	 		 	 	0	% 	 	 	0	% 	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 		 	 	—  	  	 	
		 		 				 				 				 				 				 				 				 				 				 				 				 		 				 	
	 CONSOLIDATED TOTAL AR
	 		 				 	 	#N/A	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 				 				 		 				 	
	 Remaining AR
	 		 				 	 	#N/A	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 				 				 		 				 	
	 Ineligible AR Prior to Concentration Ineligible
	 		 				 				 	 	—  	  	 				 				 				 				 				 				 				 				 		 				 	
	 Net Eligible AR Prior to Concentration Ineligible
	 		 				 				 	 	—  	  	 				 				 				 				 				 				 				 				 		 				 	

  

																	
								
	 Concentration Caps or Limits per LSA:
	  				 		  		  		  		  		  	
								
	 Names (Customer_Name_Calc)
	  	 	% or Dollar Cap	  	 		  		  		  		  		  	
								
	 All Others
	  	 	10	% 	 		  		  		  		  		  	

  
 Page 2b -
AR Concentrations 

  

			
	Inventory Availability Detail 
		
	Name:	 	PolyOne Corporation
		 	

  

																																							
	Based on the Inventory Perpetual dated:	  				  				  				  				  				  				  				  				  			
	 	  	Loan ID #:	  	TBD	 	  	TBD	 	  	TBD	 	  	TBD	 	  	TBD	 	  	TBD	 	  	TBD	 	  	TBD	 	  	 	 
	 	  	 	  	 	 	  	 	 	  	 	 	  	 	 	  	US -	 	  	 	 	  	GLS -	 	  	 	 	  	 	 
	 	  	Inventory Category:	  	US -RM	 	  	US -WIP	 	  	US -FG	 	  	US -Stores	 	  	In-transit	 	  	GLS -RM	 	  	In-transit	 	  	GLS -FG	 	  	Total	 
	 ERS Inventory Total:
	  				  				  				  				  				  				  				  				  			
	 Manual Inventory Total:
	  				  				  				  				  				  				  				  				  			
	 Total Gross Inventory:
	  				  				  				  				  				  				  				  				  			
	ERS	  	 WIP
	  				  				  				  				  				  				  				  				  			
	ERS	  	 Stores
	  				  				  				  				  				  				  				  				  			
	ERS	  	 Outside Processors (Subcontractors)
	  				  				  				  				  				  				  				  				  			
	ERS	  	 Consigned
	  				  				  				  				  				  				  				  				  			
	ERS	  	 Packaging
	  				  				  				  				  				  				  				  				  			
	ERS	  	 QC Hold
	  				  				  				  				  				  				  				  				  			
	ERS	  	 Semi-Finished
	  				  				  				  				  				  				  				  				  			
	ERS	  	 R&D
	  				  				  				  				  				  				  				  				  			
	ERS	  	 Offgrade, Scrap, Rework
	  				  				  				  				  				  				  				  				  			
	ERS	  	 Locations < $100M
	  				  				  				  				  				  				  				  				  			
	Manual	  	 Slow Moving (GL# 148530, 148510)
	  				  				  				  				  				  				  				  				  			
	Manual	  	 In-transit not shipped to PolyOne
	  				  				  				  				  				  				  				  				  			
	Manual	  	 Manual3
	  				  				  				  				  				  				  				  				  			
	Manual	  	 Reserve grossed up as Ineligible
	  				  				  				  				  				  				  				  				  			
	Manual	  	 Appraisal Reserve (grossed up)
	  				  				  				  				  				  				  				  				  			
	 Total Ineligible Inventory:
	  				  				  				  				  				  				  				  				  			
	 Eligible Inventory
	  				  				  				  				  				  				  				  				  			
	 Advance Rate
	  				  				  				  				  				  				  				  				  			
	 Availability before Sublimit
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Sublimits
	  				  				  				  				  				  				  				  				  	 	—  	  
	 Net Inventory Availability
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
		  		  				  				  				  				  				  				  				  				  			

  

			
	 RM Signature
	 	 

  

																			
	 Appraisal Review
	  		  		  		  		  		  		  		  	
										
	 As of:
	  	 	  		  		  		  		  		  		  		  	

																																	
									
	 	  	US -RM	 	  	US -WIP	 	  	US -FG	 	  	US -Stores	 	  	US -
In-transit	 	  	GLS -RM	 	  	GLS -
In-transit	 	  	GLS -FG	 
	 Eligible Inventory per Appraisal
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Appraised NOLV %
	  				  				  				  				  				  				  				  			
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 % of NOLV
	  				  				  				  				  				  				  				  			
	 Appraised Value
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Appraisal Reserve
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Appraisal Ineligible (grossed up)
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  

  
 Page 3 -
Inventory Detail 

 Inventory Availability Detail  
 Name: PolyOne Corporation 
 Based on the Inventory Perpetual dated: 

 

													
	 	 	Loan ID #:	  	TBD	  	TBD	  	TBD	  	TBD	  	 
	 	 	 	  	 Canada - RM
 (USD)
	  	 Canada - WIP
 (USD)
	  	Canada - FG
(USD)	  	Canada -
In-transit	  	Total
	 Inventory Category:
	  		  		  		  		  	
	 ERS Inventory Total:
	  		  		  		  		  	
	 Manual Inventory Total:
	  		  		  		  		  	
	 Total Gross Inventory:
	  		  		  		  		  	
	 ERS
	 	Ineligible1	  		  		  		  		  	
	 ERS
	 	Ineligible2	  		  		  		  		  	
	 ERS
	 	Ineligible3	  		  		  		  		  	
	 ERS
	 	Ineligible4	  		  		  		  		  	
	 ERS
	 	Ineligible5	  		  		  		  		  	
	 ERS
	 	Ineligible6	  		  		  		  		  	
	 ERS
	 	Ineligible7	  		  		  		  		  	
	 ERS
	 	Ineligible8	  		  		  		  		  	
	 ERS
	 	Ineligible9	  		  		  		  		  	
	 ERS
	 	Ineligible10	  		  		  		  		  	
	 Manual
	 	Manual1	  		  		  		  		  	
	 Manual
	 	Manual2	  		  		  		  		  	
	 Manual
	 	Manual3	  		  		  		  		  	
	 Manual
	 	Reserve grossed up as Ineligible	  		  		  		  		  	
	 Manual
	 	Appraisal Reserve (grossed up)	  		  		  		  		  	
	 Total Ineligible Inventory:
	  		  		  		  		  	
	 Eligible Inventory
	  		  		  		  		  	
	   Advance Rate
	  		  		  		  		  	
	 Availability before Sublimit
	  		  		  		  		  	
	   Sublimits
	  		  		  		  		  	
	 Net Inventory Availability
	  		  		  		  		  	

 RM
Signature                                       
                                         
             
 Appraisal Review 

As
of:                                        
                     
  

																	
	 	  	 Canada - RM

(USD)
	 	  	 Canada - WIP

(USD)
	 	  	Canada - FG
(USD)	 	  	Canada -
In-transit	 
	 Eligible Inventory per Appraisal
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Appraised NOLV %
	  				  				  				  			
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 % of NOLV
	  				  				  				  			
	 Appraised Value
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Appraisal Reserve
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Appraisal Ineligible (grossed up)
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  

 3a - Inventory Detail (16-30) 

 Inventory Availability Summary 
 Name: PolyOne Corporation 
 Based on the Inventory Perpetual dated: 

 

															
	 	 	Loan ID #:	  	TBD	 	  	TBD	 	  	 	 
	 	 	 	  	US
Consolidated 
Total	 	  	Canada
Total	 	  	Consolidated	 
	 Inventory Category:
	  				  				  			
	 ERS Inventory Total:
	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Manual Inventory Total:
	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Total Gross Inventory:
	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 ERS
	 	WIP	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 ERS
	 	Stores	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 ERS
	 	Outside Processors (Subcontractors)	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 ERS
	 	Consigned	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 ERS
	 	Packaging	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 ERS
	 	QC Hold	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 ERS
	 	Semi-Finished	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 ERS
	 	R&D	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 ERS
	 	Offgrade, Scrap, Rework	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 ERS
	 	Locations < $100M	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Manual
	 	Slow Moving (GL# 148530, 148510)	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Manual
	 	In-transit not shipped to PolyOne	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Manual
	 	Manual3	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Manual
	 	Reserve grossed up as Ineligible	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Manual
	 	Appraisal Reserve (grossed up)	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Total Ineligible Inventory:
	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Eligible Inventory
	  	 	—  	  	  	 	—  	  	  	 	—  	  
	   Advance Rate
	  				  				  			
	 Availability before Sublimit
	  	 	—  	  	  	 	—  	  	  	 	—  	  
	   Sublimits
	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Net Inventory Availability
	  	 	—  	  	  	 	—  	  	  	 	—  	  

 3b - Inventory Summary 

 In-Transit Inventory Availability Summary 
 Name: PolyOne Corporation 
 Based on the Inventory Perpetual dated: 

 

															
	 	 	Loan ID #:	  	TBD	 	  	TBD	 	  	TBD	 
	 	 	 	  	US
Total	 	  	Canada
Total	 	  	Consolidated
Total (USD)	 
	 Inventory Category:
	  				  				  			
	 ERS Inventory Total:
	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Manual Inventory Total:
	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Total Gross Inventory:
	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 ERS
	 	WIP	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 ERS
	 	Stores	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 ERS
	 	Outside Processors (Subcontractors)	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 ERS
	 	Consigned	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 ERS
	 	Packaging	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 ERS
	 	QC Hold	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 ERS
	 	Semi-Finished	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 ERS
	 	R&D	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 ERS
	 	Offgrade, Scrap, Rework	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 ERS
	 	Locations < $100M	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Manual
	 	Slow Moving (GL# 148530, 148510)	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Manual
	 	In-transit not shipped to PolyOne	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Manual
	 	Reserve grossed up as Ineligible	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Manual
	 	Appraisal Reserve (grossed up)	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Total Ineligible Inventory:
	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Eligible Inventory
	  	 	—  	  	  	 	—  	  	  	 	—  	  
	   Advance Rate
	  				  				  			
	 Availability before Sublimit
	  	 	—  	  	  	 	—  	  	  	 	—  	  
	   Sublimits
	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Net Inventory Availability
	  	 	—  	  	  	 	—  	  	  	 	—  	  

 EXHIBIT B-2 
 FORM OF BANK PRODUCTS PROVIDER LETTER AGREEMENT 
 [Letterhead of Specified
Bank Products Provider] 
 [Date] 
 Wells Fargo Capital Finance, LLC as Agent 
 One Boston Place, 18th Floor 
 Boston, Massachusetts 02108 
 Attention: Portfolio Manager 

Fax No.: (617) 523-4021 

Reference is hereby made to that certain Credit Agreement, dated as of December 21, 2011 (as amended, restated, supplemented, or
modified from time to time, the “Credit Agreement”), by and among the lenders party thereto (such lenders, together with their respective successors and assigns, are referred to hereinafter each individually as a “Lender” and
collectively as the “Lenders”), Wells Fargo Capital Finance, LLC, as agent for the Lenders (together with its successors and assigns in such capacity, “Agent”), PolyOne Corporation (“Parent”), GLS International, Inc.
(“GLS”), PolyOne Canada Inc. (“PolyOne Canada”) and NEU Specialty Engineered Materials, LLC (“NEU” and, together with Parent, GLS, PolyOne Canada and any Person that may form time to time become a borrower, each a
“Borrower” and, collectively, “Borrowers”) and certain subsidiaries of Parent. Capitalized terms used herein but not specifically defined herein shall have the meanings ascribed to them in the Credit Agreement. 

Reference is also made to that certain [describe the Bank Product Agreement or Agreements] (the “Specified Bank Product Agreement
[Agreements]”) dated as of [                ] by and between [Lender or Affiliate of Lender] (the “Specified Bank Products Provider”)
and [identify the Loan Party or Subsidiary]. 
 1. Appointment of Agent. The Specified Bank Products Provider hereby
designates and appoints Agent, and Agent by its signature below hereby accepts such appointment, as its agent under the Credit Agreement and the other Loan Documents. The Specified Bank Products Provider hereby acknowledges that it has reviewed
Sections 15.1, 15.2, 15.3, 15.4, 15.6, 15.7, 15.8, 15.9, 15.11, 15.12, 15.13, 15.14, 15.15, 15.19, and 17.5 (collectively such sections are referred to herein as the “Agency Provisions”), including, as applicable, the defined
terms referenced therein (but only to the extent used therein), and agrees to be bound by the provisions thereof. Specified Bank Products Provider and Agent each agree that the Agency Provisions which govern the relationship, and certain
representations, acknowledgements, appointments, rights, restrictions, and agreements, between the Agent, on the one hand, and the Lenders or the Lender Group, on the other hand, shall, from and after the date of this letter agreement also apply to
and govern, mutatis mutandis, the relationship between the Agent, on the one hand, and the Specified Bank Product Provider with respect to the Bank Products provided pursuant to the Specified Bank Product Agreement[s], on the other hand.

 2. Acknowledgement of Certain Provisions of Credit Agreement. The Specified Bank Products Provider hereby acknowledges
that it has reviewed the provisions of Sections 2.3(b), 14.1, 15.10, 15.11, and 17.5 of the Credit Agreement, including, as applicable, the defined terms referenced therein, and agrees to be bound by the provisions thereof. Without
limiting the generality of any of the foregoing referenced provisions, Specified Bank Product Provider 

 
understands and agrees that its rights and benefits under the Loan Documents, strictly in its capacity as a Specified Bank Products Provider and without limiting such party’s rights
otherwise, if any, as a Lender and/or Issuing Lender under the Loan Documents, consist solely of it being a beneficiary of the Liens and security interests granted to Agent and the right to share in Collateral as set forth in the Credit Agreement.

 3. Reporting Requirements. Agent shall have no obligation to calculate the amount due and payable
with respect to any Bank Products. On a monthly basis (not later than the tenth (10th) Business Day of each calendar month) or as more frequently as Agent shall request, the Specified Bank Products Provider agrees to provide Agent with a written report, in form and substance
satisfactory to Agent, detailing Specified Bank Products Provider’s reasonable determination of the credit exposure (and mark- to-market exposure) of each Borrower and its Subsidiaries in respect of the Bank Products provided by Specified Bank
Products Provider pursuant to the Specified Bank Products Agreement[s]. If Agent does not receive such written report within the time period provided above, Agent shall be entitled to assume that the reasonable determination of the credit exposure
of Borrowers and its Subsidiaries with respect to the Bank Products provided pursuant to the Specified Bank Products Agreement[s] is either (a) the amount of credit exposure most recently reported to the Agent in accordance with the terms and
provisions hereof (so long as such report has been provided to the Agent within the immediately preceding sixty (60) day period) or, (b) if no such report has been provided to the Agent within the immediately preceding sixty (60) day
period, zero. 
 4. Bank Product Reserve Conditions. Specified Bank Products Provider further acknowledges and agrees
that Agent shall have the right, but shall have no obligation to establish, maintain, relax or release reserves in respect of any of the Bank Product Obligations and that if reserves are established there is no obligation on the part of the Agent to
determine or insure whether the amount of any such reserve is appropriate or not. If Agent so chooses to implement a reserve, Specified Bank Products Provider acknowledges and agrees that Agent shall be entitled to rely on the information in the
reports described above to establish the Bank Product Reserve Amount. 
 5. Bank Product Obligations. From and after the
delivery to Agent of this letter agreement duly executed by Specified Bank Product Provider and the acknowledgement of this letter agreement by Agent and Administrative Borrower (on behalf of the Borrowers), the obligations and liabilities of Parent
and its Subsidiaries to Specified Bank Product Provider in respect of Bank Products evidenced by the Specified Bank Product Agreement[s] shall constitute Bank Product Obligations (and which, in turn, shall constitute Obligations), and Specified Bank
Product Provider shall constitute a Bank Product Provider until such time as Specified Bank Products Provider or its affiliate is no longer a Lender. Specified Bank Products Provider acknowledges that other Bank Products (which may or may not be
Specified Bank Products) may exist at any time. Notwithstanding anything to the contrary contained herein, in the Credit Agreement or otherwise, Specified Bank Products Provider acknowledges and agrees that to the extent that it may at any time
hold, or have been granted a pledge of, or security interest or other Lien in, any cash, Cash Equivalents, securities or other investment property or other assets to secure any of the Bank Product Obligations at any time owing to it, Specified Bank
Product Provider shall not be entitled, solely as it relates to the Bank Product Obligations owing to it and no other Obligations, to the benefit of the Liens and security interests granted to Agent or to any share in the Collateral as set forth in
the Credit Agreement or otherwise, in each case up to the amount of the value of the assets subject to the pledge, security interest or other Lien of Specified Bank Product Provider securing the Bank Product Obligations owing to Specified Bank
Products 

 
Provider, and any of its rights as a Lender to any proceeds of the Collateral in respect of such Bank Product Obligations shall be reduced by the amount of such collateral. 

6. Notices. All notices and other communications provided for hereunder shall be given in the form and manner provided in
Section 11 of the Credit Agreement, and, if to Agent, shall be mailed, sent, or delivered to Agent in accordance with Section 11 in the Credit Agreement, if to any Loan Party, shall be mailed, sent, or delivered to
Administrative Borrower in accordance with Section 11 in the Credit Agreement, and, if to Specified Bank Products Provider, shall be mailed, sent or delivered to the address set forth below, or, in each case as to any party, at such
other address as shall be designated by such party in a written notice to the other party. 
  

	 	    	If to Specified Bank 

	 	Products Provider:	                           
            

  

	 	    	                           
            

	 	    	                           
            

	 	    	Attn:
                             

	 	    	Fax No.                         

 7. Miscellaneous. This letter agreement is for the benefit of the Agent, the Specified Bank Products
Provider, the Loan Parties and each of their respective successors and assigns (including any successor agent pursuant to Section 15.9 of the Credit Agreement, but excluding any successor or assignee of a Specified Bank Products Provider
that does not qualify as a Bank Product Provider). Unless the context of this letter agreement clearly requires otherwise, references to the plural include the singular, references to the singular include the plural, the terms “includes”
and “including” are not limiting, and the term “or” has, except where otherwise indicated, the inclusive meaning represented by the phrase “and/or.” This letter agreement may be executed in any number of counterparts
and by different parties on separate counterparts. Each of such counterparts shall be deemed to be an original, and all of such counterparts, taken together, shall constitute but one and the same agreement. Delivery of an executed counterpart of
this letter by telefacsimile or other means of electronic transmission shall be equally effective as delivery of a manually executed counterpart. 
 8. Governing Law. 
 (a) THE VALIDITY OF THIS LETTER
AGREEMENT, THE CONSTRUCTION, INTERPRETATION, AND ENFORCEMENT HEREOF, AND THE RIGHTS OF THE PARTIES HERETO WITH RESPECT TO ALL MATTERS ARISING HEREUNDER OR RELATED HERETO SHALL BE DETERMINED UNDER, GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF NEW YORK. 
 (b) THE PARTIES AGREE THAT ALL ACTIONS OR PROCEEDINGS ARISING IN CONNECTION
WITH THIS LETTER AGREEMENT SHALL BE TRIED AND LITIGATED ONLY IN THE STATE COURTS, AND, TO THE EXTENT PERMITTED BY APPLICABLE LAW, FEDERAL COURTS, LOCATED IN THE COUNTY OF NEW YORK, STATE OF NEW YORK. EACH BORROWER, SPECIFIED BANK PRODUCTS PROVIDER,
AND AGENT WAIVE, TO THE EXTENT PERMITTED UNDER APPLICABLE LAW, ANY RIGHT EACH MAY HAVE TO ASSERT THE DOCTRINE OF FORUM NON CONVENIENS 

 
OR TO OBJECT TO VENUE TO THE EXTENT ANY PROCEEDING IS BROUGHT IN ACCORDANCE WITH THIS SECTION 8(b). 
 (c) TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, EACH BORROWER, SPECIFIED BANK PRODUCTS PROVIDER, AND AGENT EACH HEREBY WAIVE THEIR RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION
BASED UPON OR ARISING OUT OF THIS LETTER AGREEMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREIN, INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW OR STATUTORY CLAIMS. EACH BORROWER, SPECIFIED BANK PRODUCTS
PROVIDER, AND AGENT EACH REPRESENTS TO THE OTHERS THAT EACH HAS REVIEWED THIS WAIVER AND EACH KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. IN THE EVENT OF LITIGATION, A COPY OF THIS LETTER
AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT. 
 [signature pages to follow] 

  

			
	Sincerely,
	
	[SPECIFIED BANK PRODUCTS PROVIDER]
		
	By:	 	 
	Name:	 	 
	Title:	 	 

  

			
	 Acknowledged, accepted, and agreed
 as of the date first written above:

	
	 POLYONE CORPORATION,

as Administrative Borrower

		
	By:	 	 
	Name:	 	 
	Title:	 	 

 Acknowledged, accepted, and 
 agreed as of                     , 20__: 

 

			
	 WELLS FARGO CAPITAL FINANCE, LLC,
 as Agent

		
	By:	 	 
	Name:	 	 
	Title:	 	 

 EXHIBIT B-3 

FORM OF CANADIAN BORROWING BASE 
 See attached 

  

					
	 

	  	Summary Page Borrowing Base Certificate
	 Date
	  	___________________________	  	
	 Name
	  	PolyOne Corporation	  	
		  		  	A/R As of: ____________
		  		  	Inventory As of: ______________

 The undersigned, PolyOne Corporation (“Borrower”), pursuant to that certain Credit Agreement dated as of
                    (as amended, restated, modified, supplemented, refinanced, renewed, or extended from time to time, the “Credit
Agreement”), entered into among Borrower, the lenders signatory thereto from time to time and Wells Fargo Capital Finance, LLC, a Delaware limited liability company as the arranger and administrative agent (in such capacity, together with its
successors and assigns, if any, in such capacity, “Agent”), hereby certifies to Agent that the following items, calculated in accordance with the terms and definitions set forth in the Credit Agreement for such items are true and correct,
and that Borrower is in compliance with and, after giving effect to any currently requested Advances, will be in compliance with, the terms, conditions, and provisions of the Credit Agreement. 

 

							
	Accounts Receivable
	 	  	US	  	Canada	  	Consolidated
	 Accounts Receivable Balance per Aging Report Assigned To Wells Fargo Capital Finance
	  		  		  	
	 Less Ineligibles (detailed on page 2)
	  		  		  	
	 Net Eligible Accounts Receivable
	  		  		  	
	 Accounts Receivable Availability before Sublimit(s)
	  		  		  	
	 Net Available Accounts Receivable after Sublimit(s)
	  		  		  	
	
	Inventory
	 	  	US	  	Canada	  	Consolidated
	 Inventory Balance Assigned To Wells Fargo Capital Finance
	  		  		  	
	 Less Ineligibles (detailed on page 3)
	  		  		  	
	 Eligible Inventory
	  		  		  	
	 Inventory Availability before Sublimit(s)
	  		  		  	
	 Available Inventory after 50% of Maximum Credit Sublimit(s)
	  		  		  	
	
	Summary
	 Availability before Credit Line & Reserves
	  		  		  	
	 Total Credit Line
	  		  		  	
	Suppressed Availability
	 Total Availability before Reserves
	  		  		  	
	 Reserves
	  		  		  	
	
              _______________________________
	  		  		  	
	
              _______________________________
	  		  		  	
	
              _______________________________
	  		  		  	
	
              _______________________________
	  		  		  	
	
              _______________________________
	  		  		  	
	 Total Reserves
	  		  		  	
	 Availability before Loan Balance
	  		  		  	
	 Letter of Credit Balance
	  		  		  	
	 As of: __________
	  		  		  	
	 Loan Ledger Balance
	  		  		  	
	 As of: __________
	  		  		  	
	 Cash in-transit
	  		  		  	
	 Adjusted Loan Balance
	  		  		  	
	 Net Availability
	  		  		  	

 Additionally, the undersigned hereby certifies and represents and warrants to the Lender Group on behalf of Borrower that
(i) as of the date hereof, each representation or warranty contained in or pursuant to any Loan Document, any agreement, instrument, certificate, document or other writing furnished at any time under or in connection with any Loan Document, and
as of the effective date of any advance, continuation or conversion requested above is true and correct in all material respects (except to the extent any representation or warranty expressly related to an earlier date), (ii) each of the
covenants and agreements contained in any Loan Document have been performed (to the extent required to be performed on or before the date hereof or each such effective date), (iii) no Default or Event of Default has occurred and is continuing
on the date hereof, nor will any thereof occur after giving effect to the request above, and (iv) all of the foregoing is true and correct as of the effective date of the calculations set forth above and that such calculations have been made in
accordance with the requirements of the Credit Agreement. 
  

			
	______________________________________________	  	List of attachments with this Borrowing Base Certificate:
	 Authorized Signer
	  	    Page 2 - Accounts Receivable Availability Detail
		  	    Page 2a - Accounts Receivable Summary
		  	    Page 2b - Accounts Receivable Concentrations
		  	    Page 2c - Accounts Receivable Dilution
		  	    Page 3 - Inventory Availability Detail
		  	    Page 3a - Inventory Availability Detail
		  	    Page 3b - Inventory Availability Summary

  

																									
	Accounts Receivable Availability Detail	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Name:      PolyOne Corporation	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Report based on Aging dated:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	  	 	 	Loan ID #:	 	TBD	 	 	TBD	 	 	TBD	 	 	TBD	 	 	 	 
	 	  	 	 	Division Name:	 	US PolyOne	 	 	US GLS	 	 	Color Matrix	 	 	Canada PolyOne (USD)	 	 	Total	 
	 Aging Spreads:
	 		 				 				 				 				 			
		  	Future	 		 				 				 				 				 			
		  	0 - 30 DOI	 		 				 				 				 				 			
		  	31 - 60 DOI	 		 				 				 				 				 			
		  	61 - 90 DOI	 		 				 				 				 				 			
		  	91 - 120 DOI	 		 				 				 				 				 			
		  	121+ DOI	 		 				 				 				 				 			
	 A/R Aging Balance:
	 		 				 				 				 				 			
	Ineligibles:	  		 		 				 				 				 				 			
	ERS	  	Past Due-	 		 				 				 				 				 			
	ERS	  	Past Due Credits	 		 				 				 				 				 			
	ERS	  	CrossAge	 		 				 				 				 				 			
	ERS	  	Intercompany	 		 				 				 				 				 			
	ERS	  	Foreign	 		 				 				 				 				 			
	ERS	  	Government	 		 				 				 				 				 			
	ERS	  	COD	 		 				 				 				 				 			
	ERS	  	Debit Memo	 		 				 				 				 				 			
	ERS	  	Customer Deposits	 		 				 				 				 				 			
	ERS	  	Employee Sales	 		 				 				 				 				 			
	ERS	  	Progress Billing	 		 				 				 				 				 			
	ERS	  	Extended Terms	 		 				 				 				 				 			
	ERS	  	Finance Charges	 		 				 				 				 				 			
	ERS	  	Guaranteed	 		 				 				 				 				 			
	ERS	  	Coop Advertising	 		 				 				 				 				 			
	ERS	  	Samples	 		 				 				 				 				 			
	ERS	  	Consignment Sales	 		 				 				 				 				 			
	ERS	  	Bill & Hold	 		 				 				 				 				 			
	ERS	  	Bankrupt/Doubtful	 		 				 				 				 				 			
	ERS	  	Contra	 		 				 				 				 				 			
	ERS	  	Other1	 		 				 				 				 				 			
	ERS	  	Other2	 		 				 				 				 				 			
	ERS	  	Other3	 		 				 				 				 				 			
	ERS	  	Other4	 		 				 				 				 				 			
	ERS	  	Other5	 		 				 				 				 				 			
	ERS	  	Other6	 		 				 				 				 				 			
	Manual	  	Manual1	 		 				 				 				 				 			
	Manual	  	Manual2	 		 				 				 				 				 			
	Manual	  	Manual3	 		 				 				 				 				 			
	Manual	  	Manual4	 		 				 				 				 				 			
	Manual	  	Manual5	 		 				 				 				 				 			
	Manual	  	Concentration Cap	 		 				 				 				 				 			
	Manual	  	Reserve grossed up as Ineligible	 				 				 				 				 			
	Manual	  	Reserve grossed up as Ineligible	 				 				 				 				 			
	Manual	  	Dilution Ineligible (grossed up)	 				 				 				 				 			
	 Total Ineligible A/R:
	 		 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  
	 Eligible A/R
	 		 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  
	 Advance Rate
	 		 				 				 				 				 			
	 A/R Availability before Sublimit(s)
	 		 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  
	 Line Limit or Sublimit(s)
	 		 				 				 				 				 			
	 Net A/R Availability
	 		 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  
	 RM Signature
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 			

  
 Page 2 - AR
Detail 

  

																	
	Accounts Receivable Availability Summary	  	 	 	  	 	 	  	 	 
	Name:      PolyOne Corporation	  	 	  	 	 	  	 	 	  	 	 
	Report based on Aging dated:	  	 	  	 	 	  	 	 	  	 	 
	 	  	 	  	Loan ID #:	  	TBD	 	  	TBD	 	  	 	 
	 	  	 	  	Pool Name:	  	US PolyOne
(USD)	 	  	Canada PolyOne
(USD)	 	  	Total	 
	 Aging Spreads:
	  		  				  				  			
		  	Future	  		  	 	—  	  	  	 	—  	  	  	 	—  	  
		  	1 - 30 DOI	  		  	 	—  	  	  	 	—  	  	  	 	—  	  
		  	31 - 60 DOI	  		  	 	—  	  	  	 	—  	  	  	 	—  	  
		  	61 - 90 DOI	  		  	 	—  	  	  	 	—  	  	  	 	—  	  
		  	91 - 120 DOI	  		  	 	—  	  	  	 	—  	  	  	 	—  	  
		  	121+ DOI	  		  	 	—  	  	  	 	—  	  	  	 	—  	  
	 A/R Aging Balance:
	  		  	 	—  	  	  	 	—  	  	  	 	—  	  
	Ineligibles:	  		  		  				  				  			
	ERS	  	Past Due-	  		  	 	—  	  	  	 	—  	  	  	 	—  	  
	ERS	  	Past Due Credits	  		  	 	—  	  	  	 	—  	  	  	 	—  	  
	ERS	  	CrossAge	  		  	 	—  	  	  	 	—  	  	  	 	—  	  
	ERS	  	Intercompany	  		  	 	—  	  	  	 	—  	  	  	 	—  	  
	ERS	  	Foreign	  		  	 	—  	  	  	 	—  	  	  	 	—  	  
	ERS	  	Government	  		  	 	—  	  	  	 	—  	  	  	 	—  	  
	ERS	  	COD	  		  	 	—  	  	  	 	—  	  	  	 	—  	  
	ERS	  	Debit Memo	  		  	 	—  	  	  	 	—  	  	  	 	—  	  
	ERS	  	Customer Deposits	  		  	 	—  	  	  	 	—  	  	  	 	—  	  
	ERS	  	Employee Sales	  		  	 	—  	  	  	 	—  	  	  	 	—  	  
	ERS	  	Progress Billing	  		  	 	—  	  	  	 	—  	  	  	 	—  	  
	ERS	  	Extended Terms	  		  	 	—  	  	  	 	—  	  	  	 	—  	  
	ERS	  	Finance Charges	  		  	 	—  	  	  	 	—  	  	  	 	—  	  
	ERS	  	Guaranteed	  		  	 	—  	  	  	 	—  	  	  	 	—  	  
	ERS	  	Coop Advertising	  		  	 	—  	  	  	 	—  	  	  	 	—  	  
	ERS	  	Samples	  		  	 	—  	  	  	 	—  	  	  	 	—  	  
	ERS	  	Consignment Sales	  		  	 	—  	  	  	 	—  	  	  	 	—  	  
	ERS	  	Bill & Hold	  		  	 	—  	  	  	 	—  	  	  	 	—  	  
	ERS	  	Bankrupt/Doubtful	  		  	 	—  	  	  	 	—  	  	  	 	—  	  
	ERS	  	Contra	  		  	 	—  	  	  	 	—  	  	  	 	—  	  
	ERS	  	Other1	  		  	 	—  	  	  	 	—  	  	  	 	—  	  
	ERS	  	Other2	  		  	 	—  	  	  	 	—  	  	  	 	—  	  
	ERS	  	Other3	  		  	 	—  	  	  	 	—  	  	  	 	—  	  
	ERS	  	Other4	  		  	 	—  	  	  	 	—  	  	  	 	—  	  
	ERS	  	Other5	  		  	 	—  	  	  	 	—  	  	  	 	—  	  
	ERS	  	Other6	  		  	 	—  	  	  	 	—  	  	  	 	—  	  
	Manual	  	Manual1	  		  	 	—  	  	  	 	—  	  	  	 	—  	  
	Manual	  	Manual2	  		  	 	—  	  	  	 	—  	  	  	 	—  	  
	Manual	  	Manual3	  		  	 	—  	  	  	 	—  	  	  	 	—  	  
	Manual	  	Manual4	  		  	 	—  	  	  	 	—  	  	  	 	—  	  
	Manual	  	Manual5	  		  	 	—  	  	  	 	—  	  	  	 	—  	  
	Manual	  	Manual6	  		  	 	—  	  	  	 	—  	  	  	 	—  	  
	Manual	  	Concentration Cap	  		  	 	—  	  	  	 	—  	  	  	 	—  	  
	Manual	  	Reserve grossed up as Ineligible	  		  	 	—  	  	  	 	—  	  	  			
	Manual	  	Reserve grossed up as Ineligible	  		  	 	—  	  	  	 	—  	  	  			
	Manual	  	Dilution Ineligible (grossed up)	  		  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Total Ineligible A/R:
	  		  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Eligible A/R
	  		  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Advance Rate
	  		  				  				  			
	 A/R Availability before Sublimit(s)
	  		  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Line Limit or Sublimit(s)
	  		  				  				  			
	 Net A/R Availability
	  		  	 	—  	  	  	 	—  	  	  	 	—  	  
	 FYI - Total Eligible Receivables to US Based Multinational Corporations with a BBB-rating or
better
	   
	  			

  
 Page 2a -
AR Summary 

  

			
	AR CONCENTRATIONS	  	 
	PolyOne Corporation	  	As of: ______________

  

																																																									
	Consolidated	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Ineligibles	 	 	 	 	 	 	 	 	 	 	 
	 #
	 	 Customer Name Calc
	 	% or $ Allowed
of Eligible AR	 	% of
Eligible	 	 	% of AR	 	 	Total	 	 	Future	 	 	0 - 30 DOI	 	 	31 - 60 DOI	 	 	61 - 90 DOI	 	 	91 - 120 DOI	 	 	121+ DOI	 	 	Total	 	 	Eligible A/R	 	 	Conc Cap	 	Conc IE	 	 	% of
Balance
	 1
	 		 		 				 				 				 				 				 				 				 				 				 				 				 		 				 	
	 2
	 		 		 				 				 				 				 				 				 				 				 				 				 				 		 				 	
	 3
	 		 		 				 				 				 				 				 				 				 				 				 				 				 		 				 	
	 4
	 		 		 				 				 				 				 				 				 				 				 				 				 				 		 				 	
	 5
	 		 		 				 				 				 				 				 				 				 				 				 				 				 		 				 	
	 6
	 		 		 				 				 				 				 				 				 				 				 				 				 				 		 				 	
	 7
	 		 		 				 				 				 				 				 				 				 				 				 				 				 		 				 	
	 8
	 		 		 				 				 				 				 				 				 				 				 				 				 				 		 				 	
	 9
	 		 		 				 				 				 				 				 				 				 				 				 				 				 		 				 	
	 10
	 		 		 				 				 				 				 				 				 				 				 				 				 				 		 				 	
		 	Total Analyzed	 		 	 	0	% 	 	 	0	% 	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 		 	 	—  	  	 	
		 		 		 				 				 				 				 				 				 				 				 				 				 				 		 				 	
	 CONSOLIDATED TOTAL AR
	 		 				 	 	#N/A	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 				 				 		 				 	
	 Remaining AR
	 		 				 	 	#N/A	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 				 				 		 				 	
	 Ineligible AR Prior to Concentration Ineligible
	 		 				 				 	 	—  	  	 				 				 				 				 				 				 				 				 		 				 	
	 Net Eligible AR Prior to Concentration Ineligible
	 		 				 				 	 	—  	  	 				 				 				 				 				 				 				 				 		 				 	

  
 Concentration Caps or Limits per LSA: 

 

					
	 Names (Customer_Name_Calc)
	  	% or Dollar Cap	 
	 All Others
	  	 	10	% 

  
 Page 2b -
AR Concentrations 

 Inventory Availability Detail  
 Name: PolyOne Corporation 
 Based on the Inventory Perpetual dated: 

 

																																							
	 	 	Loan ID #:	  	TBD	 	  	TBD	 	  	TBD	 	  	TBD	 	  	TBD	 	  	TBD	 	  	TBD	 	  	TBD	 	  	 	 
	 	 	 Inventory Category:
	  	US - RM	 	  	US - WIP	 	  	US - FG	 	  	US - Stores	 	  	 US -
 In-transit
	 	  	 GLS -
RM
	 	  	GLS -
In-transit	 	  	GLS - FG	 	  	Total	 
	 ERS Inventory Total:
	  				  				  				  				  				  				  				  				  			
	 Manual Inventory Total:
	  				  				  				  				  				  				  				  				  			
	 Total Gross Inventory:
	  				  				  				  				  				  				  				  				  			
	 ERS
	 	WIP	  				  				  				  				  				  				  				  				  			
	 ERS
	 	Stores	  				  				  				  				  				  				  				  				  			
	 ERS
	 	Outside Processors (Subcontractors)	  				  				  				  				  				  				  				  				  			
	 ERS
	 	Consigned	  				  				  				  				  				  				  				  				  			
	 ERS
	 	Packaging	  				  				  				  				  				  				  				  				  			
	 ERS
	 	QC Hold	  				  				  				  				  				  				  				  				  			
	 ERS
	 	Semi-Finished	  				  				  				  				  				  				  				  				  			
	 ERS
	 	R&D	  				  				  				  				  				  				  				  				  			
	 ERS
	 	Offgrade, Scrap, Rework	  				  				  				  				  				  				  				  				  			
	 ERS
	 	Locations < $100M	  				  				  				  				  				  				  				  				  			
	 Manual
	 	Slow Moving (GL# 148530, 148510)	  				  				  				  				  				  				  				  				  			
	 Manual
	 	In-transit not shipped to PolyOne	  				  				  				  				  				  				  				  				  			
	 Manual
	 	Manual3	  				  				  				  				  				  				  				  				  			
	 Manual
	 	Reserve grossed up as Ineligible	  				  				  				  				  				  				  				  				  			
	 Manual
	 	Appraisal Reserve (grossed up)	  				  				  				  				  				  				  				  				  			
	 Total Ineligible Inventory:
	  				  				  				  				  				  				  				  				  			
	 Eligible Inventory
	  				  				  				  				  				  				  				  				  			
	 Advance Rate
	  				  				  				  				  				  				  				  				  			
	 Availability before Sublimit
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Sublimits
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Net Inventory Availability
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  

 RM
Signature                ______________________________________ 

Appraisal Review 
 As
of:        __________________________ 
  

																																	
	 	  	US - RM	 	  	US - WIP	 	  	US - FG	 	  	US -Stores	 	  	 US
 In-transit
	 	  	GLS - RM	 	  	GLS- In-
transit	 	  	GLS - FG	 
	 Eligible Inventory per Appraisal
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Appraised NOLV %
	  				  				  				  				  				  				  				  			
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 % of NOLV
	  				  				  				  				  				  				  				  			
	 Appraised Value
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Appraisal Reserve
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Appraisal Ineligible (grossed up)
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  

  
 Page 3 -
Inventory Detail 

  

			
	Inventory Availability Detail 
	Name:	 	PolyOne Corporation

 Based on the Inventory Perpetual dated:    _________ 

 

													
	Loan ID #:	  	TBD	  	TBD	  	TBD	  	TBD	  	 
	 	  	Canada - RM (USD)	  	 Canada - WIP

(USD)
	  	Canada - FG
(USD)	  	Canada -
In-transit	  	Total
	Inventory Category:	  		  		  		  		  	
	 ERS Inventory Total:
	  		  		  		  		  	
	 Manual Inventory Total:
	  		  		  		  		  	
	 Total Gross Inventory:
	  		  		  		  		  	
	 ERS
	  	Ineligible1	  		  		  		  		  	
	 ERS
	  	Ineligible2	  		  		  		  		  	
	 ERS
	  	Ineligible3	  		  		  		  		  	
	 ERS
	  	Ineligible4	  		  		  		  		  	
	 ERS
	  	Ineligible5	  		  		  		  		  	
	 ERS
	  	Ineligible6	  		  		  		  		  	
	 ERS
	  	Ineligible7	  		  		  		  		  	
	 ERS
	  	Ineligible8	  		  		  		  		  	
	 ERS
	  	Ineligible9	  		  		  		  		  	
	 ERS
	  	Ineligible10	  		  		  		  		  	
	 Manual
	  	Manual1	  		  		  		  		  	
	 Manual
	  	Manual2	  		  		  		  		  	
	 Manual
	  	Manual3	  		  		  		  		  	
	 Manual
	  	Reserve grossed up as Ineligible	  		  		  		  		  	
	 Manual
	  	Appraisal Reserve (grossed up)	  		  		  		  		  	
	 Total Ineligible Inventory:
	  		  		  		  		  	
	 Eligible Inventory
	  		  		  		  		  	
		  	Advance Rate	  		  		  		  		  	
	 Availability before Sublimit
	  		  		  		  		  	
		  	Sublimits	  		  		  		  		  	
	 Net Inventory Availability
	  		  		  		  		  	

 RM
Signature                                       
                                         
             
  

			
	Appraisal Review
		
	 As of:
	 	 

  

																					
	 	  	 Canada - RM

(USD)
	 	  	Canada - WIP
(USD)	 	  	Canada - FG
(USD)	 	  	 Canada -

In-transit
	 
	Eligible Inventory per Appraisal	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	Appraised NOLV %	  				  				  				  			
		  		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	% of NOLV	  				  				  				  			
	Appraised Value	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	Appraisal Reserve	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	Appraisal Ineligible (grossed up)	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  

 3a - Inventory Detail (16-30) 

  

			
	Inventory Availability Summary
	Name:	 	PolyOne Corporation

 Based on the Inventory Perpetual dated:     _________ 

 

															
	Loan ID #:	  	TBD	 	  	TBD	 	  	 	 
	 	  	US
Consolidated Total	 	  	Canada
Total	 	  	Consolidated	 
	Inventory Category:	  	 	 	  	 	 	  	 	 
	ERS Inventory Total:	  	 	—  	  	  	 	—  	  	  	 	—  	  
	Manual Inventory Total:	  	 	—  	  	  	 	—  	  	  	 	—  	  
	Total Gross Inventory:	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 ERS
	  	WIP	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 ERS
	  	Stores	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 ERS
	  	Outside Processors (Subcontractors)	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 ERS
	  	Consigned	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 ERS
	  	Packaging	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 ERS
	  	QC Hold	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 ERS
	  	Semi-Finished	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 ERS
	  	R&D	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 ERS
	  	Offgrade, Scrap, Rework	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 ERS
	  	Locations < $100M	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Manual
	  	Slow Moving (GL# 148530, 148510)	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Manual
	  	In-transit not shipped to PolyOne	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Manual
	  	Manual3	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Manual
	  	Reserve grossed up as Ineligible	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Manual
	  	Appraisal Reserve (grossed up)	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Total Ineligible Inventory:
	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Eligible Inventory
	  	 	—  	  	  	 	—  	  	  	 	—  	  
		  	 Advance Rate
	  				  				  			
	 Availability before Sublimit
	  	 	—  	  	  	 	—  	  	  	 	—  	  
		  	Sublimits	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Net Inventory Availability
	  	 	—  	  	  	 	—  	  	  	 	—  	  

 3b - Inventory Summary 

  

			
	In-Transit Inventory Availability Summary
	Name:	 	PolyOne Corporation

 Based on the Inventory Perpetual dated:     _________ 

 

															
	Loan ID #:	  	TBD	 	  	TBD	 	  	TBD	 
	 	  	 US
 Total
	 	  	Canada
Total	 	  	Consolidated
Total (USD)	 
	Inventory Category:	  	 	 	  	 	 	  	 	 
		  	ERS Inventory Total:	  	 	—  	  	  	 	—  	  	  	 	—  	  
		  	Manual Inventory Total:	  	 	—  	  	  	 	—  	  	  	 	—  	  
		  	Total Gross Inventory:	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 ERS
	  	WIP	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 ERS
	  	Stores	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 ERS
	  	Outside Processors (Subcontractors)	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 ERS
	  	Consigned	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 ERS
	  	Packaging	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 ERS
	  	QC Hold	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 ERS
	  	Semi-Finished	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 ERS
	  	R&D	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 ERS
	  	Offgrade, Scrap, Rework	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 ERS
	  	Locations < $100M	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Manual
	  	Slow Moving (GL# 148530, 148510)	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Manual
	  	In-transit not shipped to PolyOne	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Manual
	  	Reserve grossed up as Ineligible	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Manual
	  	Appraisal Reserve (grossed up)	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Total Ineligible Inventory:
	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Eligible Inventory
	  	 	—  	  	  	 	—  	  	  	 	—  	  
		  	 Advance Rate
	  				  				  			
	 Availability before Sublimit
	  	 	—  	  	  	 	—  	  	  	 	—  	  
		  	 Sublimits
	  				  				  			
	 Net Inventory Availability
	  	 	—  	  	  	 	—  	  	  	 	—  	  

 EXHIBIT C-1 

FORM OF COMPLIANCE CERTIFICATE 
 [on Administrative Borrower’s letterhead] 
  

	To:	Wells Fargo Capital Finance, LLC 

 One Boston Place, 18th Floor 
 Boston, Massachusetts 02108 

Attention: Portfolio Manager 
  

	 	Re:	Compliance Certificate dated
                             

 Ladies and Gentlemen: 
 Reference is hereby made to that certain Credit Agreement,
dated as of December 21, 2011 (as amended, restated, supplemented, or modified from time to time, the “Credit Agreement”), by and among the lenders party thereto (such lenders, together with their respective successors and assigns,
are referred to hereinafter each individually as a “Lender” and collectively as the “Lenders”), Wells Fargo Capital Finance, LLC, as agent for the Lenders (together with its successors and assigns in such capacity,
“Agent”), PolyOne Corporation (“Parent”), GLS International, Inc. (“GLS”), PolyOne Canada Inc. (“PolyOne Canada”) and NEU Specialty Engineered Materials, LLC (“NEU” and, together with Parent, GLS,
PolyOne Canada and any Person that may form time to time become a borrower, each a “Borrower” and, collectively, “Borrowers”) and certain subsidiaries of Parent. Capitalized terms used in this Compliance Certificate have the
meanings set forth in the Credit Agreement unless specifically defined herein. 
 Pursuant to Schedule 5.1 of the Credit
Agreement, the undersigned officer of Administrative Borrower hereby certifies that: 
 1. The financial information of Parent
and its Subsidiaries furnished in Schedule 1 attached hereto, has been prepared in accordance with GAAP (except for year-end adjustments and the lack of footnotes), and fairly presents in all material respects the financial condition of
Parent and its Subsidiaries. 
 2. Such officer has reviewed the terms of the Credit Agreement and has made, or caused to be
made under his/her supervision, a review in reasonable detail of the transactions and condition of Parent and its Subsidiaries during the accounting period covered by the financial statements delivered pursuant to Schedule 5.1 of the Credit
Agreement. 
 3. Such review has not disclosed the existence on and as of the date hereof, and the undersigned does not have
knowledge of the existence as of the date hereof, of any event or condition that constitutes a Default or Event of Default, except for such conditions or events listed on Schedule 2 attached hereto, specifying the nature and period of
existence thereof and what action Parent and its Subsidiaries have taken, are taking, or propose to take with respect thereto. 

 4. The representations and warranties of Parent and its Subsidiaries set forth in the Credit
Agreement and the other Loan Documents are true and correct in all material respects on and as of the date hereof (except to the extent they relate to a specified date), except as set forth on Schedule 3 attached hereto. 

5. Parent and its Subsidiaries are in compliance with each covenant contained in Section 7 of the Credit Agreement as
demonstrated on Schedule 4 hereof. 
 6. The amount by which the Existing Note Secured Debt Limit exceeds the aggregate
principal amount of the Loans plus the Letter of Credit Usage outstanding and the calculations that are the basis for the determination of such amount, are set forth on Schedule 5 hereof. 

IN WITNESS WHEREOF, this Compliance Certificate is executed by the undersigned this
             day of                     ,
            . 
  

			
	 POLYONE CORPORATION,

as Administrative Borrower

		
	By:	 	 
	Name:	 	 
	Title:	 	 

 SCHEDULE 1 

Financial Information 

 SCHEDULE 2 

Default or Event of Default 

 SCHEDULE 3 

Representations and Warranties 

 SCHEDULE 4 

Financial Covenants 

 SCHEDULE 5 

Existing Note Secured Debt Limit 

 EXHIBIT L-1 

FORM OF LIBOR NOTICE 

Wells Fargo Capital Finance, LLC, as Agent 
 One Boston Place, 18th Floor 
 Boston, Massachusetts 02108 
 Ladies and Gentlemen: 
 Reference hereby is made to that certain Credit Agreement,
dated as of December 21, 2011 (the “Credit Agreement”), among PolyOne Corporation (“Parent”), GLS International, Inc. (“GLS”), PolyOne Canada Inc. (“PolyOne Canada”) and NEU Specialty Engineered
Materials, LLC (“NEU” and, together with Parent, GLS, PolyOne Canada and any Person that may form time to time become a borrower, each a “Borrower” and, collectively, “Borrowers”), certain subsidiaries of Parent, the
lenders signatory thereto (the “Lenders”), and Wells Fargo Capital Finance, LLC, as the agent for the Lenders (“Agent”). Capitalized terms used herein and not otherwise defined herein shall have the meanings
ascribed to them in the Credit Agreement. 
 This LIBOR Notice represents Borrowers’ request to elect the LIBOR Option with
respect to outstanding [US Revolving Loans] [Canadian Revolving Loans] in the amount of $             (the “LIBOR Rate Advance”), and is a written confirmation of
the telephonic notice of such election given to Agent. 
 The LIBOR Rate Advance will have an Interest Period of [1, 2, [or] 3]
month(s) commencing on             . 
 This LIBOR Notice
further confirms Administrative Borrower’s acceptance, for purposes of determining the rate of interest based on the LIBOR Rate under the Credit Agreement, of the LIBOR Rate as determined pursuant to the Credit Agreement. 

Administrative Borrower (on behalf of the Borrowers) represents and warrants that (i) as of the date hereof, each representation or
warranty contained in or pursuant to any Loan Document or any agreement, instrument, certificate, document or other writing furnished at any time under or in connection with any Loan Document, and as of the effective date of any advance,
continuation or conversion requested above, is true and correct in all material respects (except to the extent any representation or warranty expressly related to an earlier date), (ii) each of the covenants and agreements contained in any Loan
Document have been performed (to the extent required to be performed on or before the date hereof or each such effective date), and (iii) no Default or Event of Default has occurred and is continuing on the date hereof, nor will any thereof
occur after giving effect to the request above. 
  

			
	Dated:	 	 
	
	 POLYONE CORPORATION,

as Administrative Borrower

		
	By	 	 
	Name:	 	 
	Title:	 	 

  

			
	Acknowledged by:
	
	WELLS FARGO CAPITAL FINANCE, LLC,
as Agent
		
	By:	 	 
	Name:	 	 
	Title:	 	 

 EXHIBIT L-2 

FORM OF BA RATE NOTICE 

Wells Fargo Capital Finance, LLC, as Agent 
 One Boston Place, 18th Floor 
 Boston, Massachusetts 02108 
 Ladies and Gentlemen: 
 Reference hereby is made to that certain Credit Agreement,
dated as of December 21, 2011 (the “Credit Agreement”), among PolyOne Corporation (“Parent”), GLS International, Inc. (“GLS”), PolyOne Canada Inc. (“PolyOne Canada” or “Canadian
Borrower”) and NEU Specialty Engineered Materials, LLC (“NEU” and, together with Parent, GLS, PolyOne Canada and any Person that may form time to time become a borrower, each a “Borrower” and, collectively,
“Borrowers”), certain subsidiaries of Parent, the lenders signatory thereto (the “Lenders”), and Wells Fargo Capital Finance, LLC, as the agent for the Lenders (“Agent”). Capitalized terms used herein and
not otherwise defined herein shall have the meanings ascribed to them in the Credit Agreement. 
 This BA Rate Notice represents
the undersigned Canadian Borrower’s request to elect the BA Rate Option with respect to outstanding Canadian Revolving Loans denominated in Canadian Dollars in the amount of
C$             (the “BA Rate Loan”)[, and is a written confirmation of the telephonic notice of such election given to Agent]. 

The BA Rate Loan will have an Interest Period of [1, 2 or 3] month(s) commencing on
                    . 
 Canadian Borrower represents and warrants that (i) as of the date hereof, each representation or warranty contained in or pursuant to any Loan Document and as of the effective date of any advance,
continuation or conversion requested above, is true and correct in all material respects (except to the extent any representation or warranty expressly related to an earlier date and except that such materiality qualifier shall not be applicable to
any representations and warranties that already are qualified or modified by materiality in the text thereof), and (ii) no Default or Event of Default has occurred and is continuing on the date hereof, nor will any thereof occur after giving
effect to the request above. 

 Dated:
                     
  

			
	 POLYONE CANADA INC.,

as Canadian Borrower

		
	By:	 	 
	Name:	 	 
	Title:	 	 

  

			
	Acknowledged by:
	
	WELLS FARGO CAPITAL FINANCE, LLC,
as Agent
		
	By:	 	 
	Name:	 	 
	Title:	 	 

 SCHEDULE A-1 
 AGENT’S ACCOUNT 
 Bank: 

Wells Fargo Bank, N.A. 
 420 Montgomery Street

 San Francisco, CA 
 Account Name:

 (a) Wells Fargo Capital Finance, LLC 
 Ref: PolyOne Corporation 

 SCHEDULE A-2 
 AGENT’S CANADIAN ACCOUNT 
 CAD Wire Instructions: 

 

			
	 Bank:
	  	TD Canada Trust
	 Bank Address:
	  	55 King Street West, Toronto, Ontario, Canada M5K 1A2
	 Transit Number
	  	10202
	 Bank Number:
	  	004
	 Canadian Clearing Code:
	  	000410202
	 SWIFT Number:
	  	TDOMCATTTOR
	 Beneficiary:
	  	Wells Fargo Capital Finance Corporation Canada
	 Beneficiary Address:
	  	40 King Street West Suite 2500, Toronto, ON M5H 3Y2 Canada
	 Ordering Customer:
	  	PolyOne Canada Inc.

 USD Wire Instructions: 
  

			
	 Bank:
	  	TD Canada Trust
	 Bank Address:
	  	55 King Street West, Toronto, Ontario, Canada M5K 1A2
	 Transit Number
	  	10202
	 Bank Number:
	  	004
	 Canadian Clearing Code:
	  	000410202
	 SWIFT Number:
	  	TDOMCATTTOR
	 Beneficiary:
	  	Wells Fargo Capital Finance Corporation Canada
	 Beneficiary Address:
	  	40 King Street West Suite 2500, Toronto, ON M5H 3Y2 Canada
	 Ordering Customer:
	  	PolyOne Canada Inc.

 Intermediary Bank for USD Payment (Only for paying from Non-Canadian Bank): 

 

			
	 U.S. Correspondent Bank:
	  	Bank of America, N.A.
	 Bank Address:
	  	New York, NY

 SCHEDULE A-3 
 AUTHORIZED PERSONS 
 Woodrow Ban 
 Daniel O’Bryon 
 John Hornickel 

 SCHEDULE C-1 
 COMMITMENTS 
  

									
	 Lender
	  	US 
COMMITMENT1	 	 	CANADIAN
COMMITMENT	 
	 WELLS FARGO CAPITAL FINANCE, LLC
	  	$	100,000,000	  	 	$	0	  
	 WELLS FARGO CAPITAL FINANCE CORPORATION CANADA
	  	$	0	  	 	$	8,333,000	  
	 BANK OF AMERICA, N.A.
	  	$	75,000,000	  	 	$	0	  
	 BANK OF AMERICA, N.A., CANADA BRANCH
	  	$	0	  	 	$	6,250,000	  
	 US BANK NATIONAL ASSOCIATION
	  	$	30,000,000	  	 	$	0	  
	 US BANK NATIONAL ASSOCIATION, CANADA BRANCH
	  	$	0	  	 	$	2,500,000	  
	 KEYBANK NATIONAL ASSOCIATION
	  	$	30,000,000	  	 	$	2,500,000	  
	 PNC BANK, NATIONAL ASSOCIATION
	  	$	25,000,000	  	 	$	0	  
	 PNC BANK CANADA BRANCH
	  	$	0	  	 	$	2,083,000	  
	 CITIBANK NA
	  	$	20,000,000	  	 	$	1,667,000	  
	 HSBC BANK USA, N.A.
	  	$	20,000,000	  	 	$	1,667,000	  
		  	  
	  
	 	 	  
	  
	 
	 TOTAL
	  	$	300,000,000	2 	 	$	25,000,000	  
		  	  
	  
	 	 	  
	  
	 

  

	1 	 The US Commitment of any Lender shall be reduced by such Lender’s (or its Affiliates’) Pro Rata Share of the Canadian Revolver Usage.

	2 	 The aggregate US Dollar Equivalent of the sum of the Canadian Revolver Usage and the US Revolver Usage shall not exceed $300,000,000 at any time
(except as such amount may be increased pursuant to Section 2.12). 

 SCHEDULE C-2 
 REMEDIATION PROPERTIES 
 611 Kororoit Creek Road, Altona, Victoria, Australia 

21300 Doral Road, Town of Brookfield, Wisconsin 

Highway 169, Nashwauk, MN 
 2468 Industrial
Parkway, Calvert City, Kentucky 
 2475 Industrial Boulevard, Calvert City, Kentucky 
 216 Paterson Plank Road, Carlstadt, New Jersey 
 7377 Highway 3214, Convent, Louisiana 

N1/2, Section 1, T42N, R35W, Stambaugh Township, Iron County, Michigan 
 52 Richboynton Road, Dover, New Jersey 
 150 South Connell Avenue, Dyersburg, Tennessee 

60 Mayfield Drive, Edison, New Jersey 
 10 Ruckle
Avenue, Farmingdale, New Jersey 
 325 Lucy Road, Howell, Michigan 
 77 Saint David Street, Kawartha Lakes, Ontario 
 521 King Street West, Kitchener, Ontario

 2400 Miller Cut-Off Road, La Porte, Texas 
 Fern Valley Road, Louisville, Kentucky 
 4200 Bells Lane, Louisville, Kentucky 

300 Needham Street, Newton, Massachusetts 
 8281
National Highway, Pennsauken, New Jersey 
 26 Washington Street, Perth Amboy, New Jersey 

7 Kelley Road, Plaistow, New Hampshire 
 68th
Street & Pulaski Highway, Rosedale, Maryland 
 789 Old New Brunswick Road, Somerset, New Jersey 

9316 South Atlantic Avenue, South Gate, California 
 8800 Thorold Townline Rd, Thorold, Ontario 
 111 Day Drive, Three Rivers, Michigan 

1947-1997 Bloor Street West, Toronto, Ontario 

170 North Main Street, Wharton, New Jersey 
 1318
East 12th Street, Wilmington, Delaware 
 944 Valley Avenue, Winchester, Virginia 

Bergen County, New Jersey3 

 

	3 	 This is a long creek and this is the address that the company has on its record. 

 SCHEDULE D-1 
 DESIGNATED ACCOUNT 
  

			
	 Entity
	  	 Name and Address of Bank

	 PolyOne Corporation
	  	 Mellon Bank
 500 Ross
St.
 Pittsburgh, PA 15262

		
	 PolyOne Canada Inc. (for Canadian revolving loans)
	  	 Bank of Montreal
 100 King
St., West
 Toronto, ON M5X 1H3

 SCHEDULE E-1 
 EXISTING LETTERS OF CREDIT 
  

													
	 Issuing
Bank
	  	Issue Date	  	Expiration Date	  	L/C Number	  	Curr. Amount	 	  	 Beneficiary

	 PNC Bank
	  	10/11/2011	  	6/26/2012	  	SLC18115916	  	$	48,082.50	  	  	EPA SUPERFUND DIVISION
	 PNC Bank
	  	8/12/2005	  	6/26/2012	  	SCL0011397	  	$	1,565,000.00	  	  	Ohio Bureau of Workers
	 PNC Bank
	  	9/23/2005	  	6/26/2012	  	SCL0011464	  	$	3,785,000.00	  	  	Liberty Mutual
	 PNC Bank
	  	9/23/2005	  	6/26/2012	  	SCL0011542	  	$	25,000.00	  	  	Travellers
	 PNC Bank
	  	1/30/2006	  	4/8/2012	  	SCL012021	  	$	35,000.00	  	  	National Union Fire
	 PNC Bank
	  	1/30/2006	  	4/8/2012	  	SCL012022	  	$	900,000.00	  	  	National Union Fire
	 PNC Bank
	  	1/30/2006	  	5/8/2012	  	SCL012023	  	$	1,509,000.00	  	  	Commonwealth KY
	 PNC Bank
	  	3/12/2009	  	12/31/2011	  	SCL015513	  	$	412,525.40	  	  	US Hazardous Substance Superfund
	 PNC Bank
	  	11/16/2009	  	6/26/2012	  	SCL013416	  	$	329,490.00	  	  	Bank of America, Atlanta, Georgia
	 PNC Bank
	  	1/30/2006	  	5/13/2012	  	SCL012025	  	$	2,112,292.00	  	  	Reliance Ins.
	 PNC Bank
	  	1/30/2006	  	4/29/2012	  	SCL012027	  	$	220,000.00	  	  	Self-insurance plans
	 PNC Bank
	  	2/27/2006	  	5/1/2012	  	SCL012166	  	$	450,000.00	  	  	Illinois Industrial
	 PNC Bank
	  	8/26/2009	  	6/26/2012	  	SCL015761	  	$	558,125.00	  	  	Dyersburg Electric System
	 PNC Bank
	  	10/11/2011	  	6/26/2012	  	SCL18115917	  	$	1,000,000.00	  	  	Emergency & Remedial Response Div US Env
	 PNC Bank
	  	1/11/2010	  	12/31/2010	  	SCL015902	  	$	0.00	  	  	US Hazardous Substance Superfund
	 PNC Bank
	  	7/1/2011	  	6/27/2012	  	SCL18115286	  	$	1,300,500.00	  	  	S.I.R./ Quantum
	 PNC Bank
	  	8/12/2011	  	6/26/2012	  	SCL18115525	  	$	250,000.00	  	  	Shawnee Chemical Company Inc
	 PNC Bank
	  	4/21/2009	  	3/3/2012	  	SCL015499	  	$	287,825.88	  	  	Trade Finance Operations

 SCHEDULE I-1 
 IMMATERIAL SUBSIDIARIES 
 Auseon Limited 

Burton Rubber Company 
 Butler Brothers

 Geon Development, Inc. 
 Hanna
Proprietary Limited 
 Hanna-Itasca Company 
 Hollinger Development Company 
 L.E. Carpenter & Company 

LP Holdings Inc. 
 M. A. Hanna Plastic Group,
Inc. 
 MAG International 

O’Sullivan Plastics LLC 
 PolyOne Funding
Canada Corporation 
 PolyOne Funding Corporation 
 PolyOne Engineered Films, LLC 
 PolyOne Wilflex Australasia Pty. Ltd. 

RA Products, Inc. 
 Regalite Plastics, LLC

 Shawnee Holdings, LLC 
 The Geon
Company Australia Limited 
 Canadian Films Venture Inc. 

 SCHEDULE M-1 
 MORTGAGED REAL PROPERTY 
  

							
	 PROPERTY OWNER
	  	 ADDRESS
	  	 CITY
	  	 STATE

	 ALLIED COLOR INDUSTRIES INC.
 (NOW KNOWN AS POLYONE CORPORATION)
	  	7601 NORTH GLEN HARBOR RD	  	GLENDALE	  	ARIZONA
				
	THE GEON COMPANY (NOW KNOWN AS POLYONE CORPORATION)	  	2104 EAST 223RD STREET	  	CARSON	  	CALIFORNIA
				
	WINFLEX INC. (NOW KNOWN AS POLYONE CORPORATION)	  	8155 COBB CENTER DRIVE	  	KENNESAW	  	GEORGIA
				
	P.M.S. CONSOLIDATED (NOW KNOWN AS POLYONE CORPORATION)	  	2400 E DEVON AVE	  	ELK GROVE VILLAGE	  	ILLINOIS
				
	THE GEON COMPANY (NOW KNOWN AS POLYONE CORPORATION)	  	1546 COUNTY RD 1450 NORTH	  	HENRY	  	ILLINOIS
				
	THE GEON COMPANY (NOW KNOWN AS POLYONE CORPORATION)	  	3100 NORTH 35TH STREET	  	TERRE HAUTE	  	INDIANA
				
	THE GEON COMPANY (NOW KNOWN AS POLYONE CORPORATION)	  	4250 BELLS LANE	  	LOUISVILLE	  	KENTUCKY
				
	THE GEON COMPANY (NOW KNOWN AS POLYONE CORPORATION)	  	ROUTE 130 & PORCUPINE ROAD	  	PEDRICKTOWN	  	NEW JERSEY
				
	POLYONE CORPORATION	  	80 NORTHWEST STREET	  	NORWALK	  	OHIO
				
	 POLYONE CORPORATION
  

AND
  
 THE GEON COMPANY
 (NOW KNOWN AS POLYONE CORPORATION)
	  	 554 MOORE ROAD

BUILDING 482; 552
 MOORE ROAD
-
 GATE 6 AND ALL ADDRESSES AND LOCATIONS OWNED BY POLYONE IN AVON LAKE, OH
	  	AVON LAKE	  	OHIO

							
	M.A. HANNA COMPANY (NOW KNOWN AS POLYONE CORPORATION)	  	2513 HIGHLAND AVENUE	  	BETHLEHEM	  	PENNSYLVANIA
				
	M.A. HANNA COMPANY (NOW KNOWN AS POLYONE CORPORATION)	  	107 JACKSON STREET	  	DYERSBURG	  	TENNESSEE
				
	M.A. HANNA COMPANY (NOW KNOWN AS POLYONE CORPORATION)	  	10100 PORTER ROAD AND 5200 HIGHWAY 146	  	SEABROOK	  	TEXAS
				
	POLYONE CORPORATION	  	4402 AND 4403A PASADENA FREEWAY (HWY 225)	  	PASADENA	  	TEXAS
				
	 DH COMPOUNDING COMPANY

(NOW KNOWN AS POLYONE CORPORATION)
	  	1260 CARDEN DRIVE	  	CLINTON	  	TENNESSEE

 Deliverables Within 90 Days After Closing 

(A) Evidence that counterparts of the Mortgages have been duly executed, acknowledged and delivered and are in form suitable for filing or recording in
all filing or recording offices that the Agent may deem necessary or desirable in order to create a valid second and subsisting Lien on the property described therein in favor of the Agent for the benefit of the Lender Group and the Bank Product
Providers and that all filing, documentary, stamp, intangible and recording taxes and fees have been paid (or have been delivered to the applicable title insurer for the payment at the time of recording), 

(B) Fully paid American Land Title Association Lender’s Extended Coverage title insurance policies (the “Mortgage Policies”), with
endorsements and in amounts acceptable to the Agent, issued, coinsured and reinsured by title insurers reasonably acceptable to the Agent, insuring the Mortgages to be valid second and subsisting Liens on the property described therein, free and
clear of all defects (including, but not limited to, mechanics’ and materialmen’s Liens) and encumbrances, excepting only Permitted Liens and matters acceptable to Agent in its sole discretion, and providing for such other affirmative
insurance (including endorsements for future advances under the Loan Documents, for mechanics’ and materialmen’s Liens and for zoning of the applicable property, provided that a zoning report from Bock & Clark Corp. or
another professional firm reasonably acceptable to the Agent may be delivered in lieu of such zoning endorsement) and such coinsurance and direct access reinsurance as the Agent may deem reasonably necessary or desirable, 

(C) American Land Title Association/American Congress on Surveying and Mapping form surveys (each, an “ALTA Survey”), for which all
necessary fees (where applicable) have been paid, and dated no more than 90 days after the Closing Date, certified to the Agent and the issuer of the Mortgage Policies in a manner satisfactory to the Agent and consistent with ALTA Survey
requirements by a land surveyor duly registered and licensed in the States in which the property described in such surveys is located and acceptable to the Agent, showing all buildings and other improvements, any off-site improvements that either
materially affect the operation of the Mortgaged Property or encroach onto the Mortgaged Property, the location of any easements, parking spaces, rights of way, building set-back lines and other dimensional regulations and encroachments, either by
such improvements or on to such property, and other defects, other than Permitted Liens and other defects acceptable to the Agent; provided, however, that notwithstanding the requirements set forth in this clause (c), historical ALTA
Surveys previously delivered to the Agent for the below properties shall be deemed to comply with such requirements: (i) 8155 Cobb Center Drive, Kennesaw, GA; (ii) 2400 E Devon Avenue, Elk Grove Village, IL; (iii) 3100 North 35th
Street, Terre Haute, IN; (iv) Route 130 & Porcupine Road, Pedricktown, New Jersey; (v) 80 Northwest Street, Norwalk, OH; (vi) 2513 Highland Avenue, Bethlehem, PA and (vii) Highway 146, Seabrook, TX. 

(D) Evidence of the insurance required by the terms of the Mortgages, including, if applicable, a completed “Life-of-Loan” Federal Emergency
Management Agency Standard Flood Hazard Determination with respect to each Mortgaged Property located in the United States (and with respect to any such facility that is located within a special flood zone (i) a notice about special flood
hazard area status and flood disaster assistance duly executed by the Parent and each applicable Loan Party relating 

 
thereto and (ii) evidence of insurance with respect to such facility as set forth in Section 5.6 and otherwise in form and substance reasonably satisfactory to the Agent),

 (E) Opinions of local counsel for the Loan Parties (i) in states in which each Mortgage Property is located, with respect to the
enforceability of the Mortgages and necessary requirements in order to perfect the Mortgages and any related fixture filings in form and substance reasonably satisfactory to the Agent and (ii) in states in which each Loan Party party to a
Mortgage is organized or formed, with respect to the valid existence, corporate power and authority of such Loan Party in granting the Mortgage, in form and substance reasonably satisfactory to the Agent, 

(F) Evidence that all other action that the Agent may deem reasonably necessary or desirable in order to create valid second and subsisting Liens on the
property described in the Mortgages has been taken, and 
 (G) Environmental assessment reports, each in scope, form and substance satisfactory
to the Agent; provided that with respect to real properties listed on Schedule M-1 on the Closing Date, “Phase-I” reports shall be delivered solely with respect to Route 130 and Porcupine Rd., Pedricktown, NJ 08067; 1546 County Rd
1450 North, Henry, IL 61537; and 33587 Walker Road, Avon Lake, OH 44012 (and all other addresses constituting the Avon Lake campus). 

 SCHEDULE P-1 
 PERMITTED DISPOSITIONS 
  

			
	 PROPERTY OWNER
	  	 ADDRESS

	POLYONE CORPORATION	  	3401 JOINT VENTURE LANE, LOUISVILLE, KY
		
	THE HANNA MINING COMPANY (NOW KNOWN AS POLYONE CORPORATION)	  	 ITASCA, MN.
 PARCEL
ID NUMBER: 25-020-4401; 25-520-0120.

		
	POLYONE CORPORATION	  	7 GUENTHER BOULEVARD, ST. PETERS, MO
		
	POLYONE CORPORATION	  	1804-1808 RIVER ROAD, BURLINGTON, NJ
		
	POLYONE CORPORATION	  	 DEFOREST, WI
 PARCEL
ID NUMBER: 118/0910-084-8020-1

		
	POLYONE CORPORATION	  	21300 DORAL ROAD, BROOKFIELD, WI
		
	POLYONE CANADA INC.	  	 NIAGARA FALLS, ONTARIO, CANADA
 PARCEL ID NUMBER: PARTS 25, 26, 27 AND 33, PLAN 59R - 10639 - PIN 64262-0005; PART 32, PLAN 59R-10639 (WAS PART 1, PLAN 59R-6285)-PIN 640058-0026; PART 23, PLAN 59R-10639 (WAS PART 4, PLAN
59R-6285)-PIN 640058-0148

		
	POLYONE CORPORATION	  	2700 PAPIN STREET, ST. LOUIS, MO 63103

 SCHEDULE P-2 
 PERMITTED INDEBTEDNESS 
  

	1.	Indebtedness associated with Liens set forth on Schedule P-3. 

  

	2.	Guarantee, dated as of April 17, 2008, in the amount of approximately Euro 54, 215. 

 

	 	a.	Guarantor: Royal Bank of Scotland 

  

	 	b.	Beneficiary: Uni-Invest, B.V. 

  

	 	c.	Applicant: ColorMatrix Europe Ltd. 

  

	 	d.	Nature of Underlying Obligations: securing rent payment obligations under the lease agreement between ColorMatrix Europe Ltd. and Uni-Invest, B.V.

  

	3.	Letter of Credit, dated as of April 4, 2007, in the amount of approximately $111,191.04. 

 

	 	a.	Issuing Bank: General Electric Capital Corporation. 

  

	 	b.	Beneficiary: 680 North L.L.C. 

  

	 	c.	Applicant: The ColorMatrix Corporation. 

  

	 	d.	Nature of Underlying Obligations: securing rent payment obligations under the lease agreement between The ColorMatrix Corporation and 680 North L.L.C.

  

	4.	ColorMatrix do Brasil Indústria e Comércio de Pigmentos e Aditivos Ltda. has obtained a Bank Credit, dated August 11, 2011, issued by Itaú
Unibanco S.A. for a revolving credit facility of up to 900,000 Brazilian reales. 

  

	5.	Letter of Credit, dated as of March 6, 2006, in the face amount of CAD 293,688.75. 

 

	 	a.	Issuing Bank: Bank of Montreal. 

  

	 	b.	Beneficiary: Workplace Safety & Insurance Board 

  

	 	c.	Applicant: PolyOne Canada Inc. 

  

	 	d.	Nature of Underlying Obligations: securing obligations relating to Canadian workers compensation. 

 SCHEDULE P-3 
 PERMITTED INVESTMENTS 
 Borrower or any Restricted Subsidiary holds an Equity Interest in
the following entities: 
  

							
	 HOLDER
	  	 ENTITY NAME
	  	PERCENTAGE OF
OWNERSHIP	 
	POLYONE CORPORATION	  	HANSARD STEAMSHIP COMPANY	  	 	33	% 
			
	POLYONE CORPORATION	  	EARLY STAGE	  	 	2	% 
			
	POLYONE CORPORATION	  	KIMBERLY IRON COMPANY, LTD.	  	 	14	% 
			
	POLYONE CORPORATION	  	NORTH COAST	  	 	1	% 
			
	POLYONE CORPORATION	  	PARAMOUNT COAL COMPANY	  	 	50	% 
			
	POLYONE CORPORATION	  	PILOT KNOB PELLET CO.	  	 	50	% 
			
	POLYONE CORPORATION	  	SYNGOLD	  	 	4.26	% 
			
	POLYONE CORPORATION	  	ORANGEVILLE-BRAMPTON RAIL ACCESS GROUP INC.	  	 	12.5	% 
			
	POLYONE CORPORATION	  	ALTONA PROPERTIES PTY. LTD.	  	 	37	% 
			
	POLYONE CORPORATION	  	OHIO INNOVATION	  	 	2	% 
	GEON DEVELOPMENT, INC.	  	  	 	4	% 
			
	GEON DEVELOPMENT, INC.	  	CLEVELAND DEVELOPMENT	  	 	2	% 
			
	HANNA PROPRIETARY LIMITED	  	MAG INTERNATIONAL	  	 	50	% 

					
	 COLORMATRIX GROUP, INC.
	  	 COLORMATRIX EUROPE LTD.
	  	16.19%

 SCHEDULE P-4 
 PERMITTED LIENS 
 U.S. 

 

											
	 Debtor
	  	State	  	Jurisdiction	  	 Secured Party
	  	 UCC Filing No./Filing Date
	  	 Collateral

	POLYONE CORPORATION	  	IL	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: 016600504
 File Date:
9/14/11
	  	 *For information purposes only
  

1 Used Toyota 7FGCU25
 Serial #89951

83/189” Mast, 42” forks.
 Side Shifter,
Strobe Light

						
	POLYONE CORPORATION	  	IL	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: 016649600
 File Date:
9/30/11
	  	 *For information purposes only
  

1 Used Toyota 7FGCU15
 Serial #70125

83/189” Mast, 42” forks.
 Side Shifter,
LPG Powered

											
	 Debtor
	  	State	  	Jurisdiction	  	 Secured Party
	  	 UCC Filing No./Filing Date
	  	 Collateral

	POLYONE CORPORATION	  	OH	  	State	  	CISCO SYSTEMS CAPITAL CORPORATION	  	 UCC: OH00039906742
 File Date:
10/15/01
  
 Amendment: 20020510796

File Date: 2/19/02
  
 Continuation: 20061090698
 File Date: 4/19/06

 
 Continuation: 20112510276
 File Date: 9/8/11
	  	 All of Debtor’s right, title and interest, now existing and hereafter arising in property described on financing
statement.
  
 Leased Equipment on Master Agreement, dated 4/19/01

 
 Equipment is defined as routers, router components, other computer networking and
telecommunications equipment manufactured by Cisco Systems, Inc., together with related software and software license rights.
  

Amend address of Debtor

						
	Polyone Corporation	  	OH	  	State	  	 BASF

Corporation
	  	 UCC: OH00042647474
 File Date:
12/13/01
  
 Amendment: 20052870150

File Date: 10/12/05
  
 Correction: 20053610118
 File Date: 12/20/05

 
 Continuation: 20062260778
 File Date: 8/11/06
	  	 BASF-owned products on consignment, which include:
  

Hallogen Blue K 6911 D, K6912 D, K 7090
  

Hallogen Green K 8805, K 6683, K 6730 Z
  

Luwax AL 3
  
 Paliogen Red K 3811 HD
  
 and 5
others
  
 Amend Secured Party
address

											
	 Debtor
	  	State	  	Jurisdiction	  	 Secured Party
	  	 UCC Filing No./Filing Date
	  	 Collateral

	Polyone Corporation	  	OH	  	State	  	Tennant Financial Services	  	 UCC: OH00044522301
 File Date:
1/28/02
  
 Continuation: 20063030438

File Date: 10/30/06
	  	 Tennant Model 7300 Cylindrical Scrubber with any and all additions, attachments, accessories, etc. Pursuant to rental
agreement.
  
 *Filed solely as a precaution

						
	PolyOne Corporation	  	OH	  	State	  	 Amended: LANXESS Corporation
  

Amended: Bayer Polymers LLC
  
 Original Secured Party: Bayer Corporation
	  	 UCC: OH00051752337
 File Date:
7/10/02
  
 Amendment: 20030800302

File Date: 3/19/03
  
 Amendment: 20042020018
 File Date: 7/20/04

 
 Continuation: 20070990368
 File Date: 4/9/07
	  	 Consignor’s products listed on Attachment 1 of financing statement, consisting of:

 
 •   EPR
Rubber
  

•   Emulsions Rubber

 
 *True
Consignment

											
	 Debtor
	  	State	  	Jurisdiction	  	 Secured Party
	  	 UCC Filing No./Filing Date
	  	 Collateral

	Polyone Corporation	  	OH	  	State	  	NMHG Financial Services Inc.	  	 UCC: OH00053737509
 File Date:
8/30/02
  
 Continuation: 20070750794

File Date: 3/16/07
	  	 “All of the equipment now or hereafter leased by Lessor to Lessee; and all accessories additions, replacements, and substitutions
thereto and therefor and all proceeds including insurance proceeds, thereof.
  

4134468
  
 NMHG Cost Center 08A23”

											
	 Debtor
	  	State	  	Jurisdiction	  	 Secured Party
	  	 UCC Filing No./Filing Date
	  	 Collateral

	Polyone Corporation	  	OH	  	State	  	 Assignee: Presidio Technology Capital, LLC
  

Assignee: Highbridge/Zwirn Special Opportunities Fund, L.P.
  

Assignee: Information Leasing Corporation
  

Original Secured Party: Sayers Finance Corporation
	  	 UCC: OH00060687309
 File Date:
3/5/03
  
 Assignment: 20031480486

File Date: 5/27/03
  
 Amendment: 20032250470
 File Date: 8/12/03

 
 Amendment: 20043380470
 File Date: 12/2/04
  
 Amendment:
20043380530
 File Date: 12/2/04
  

Assignment: 20043380530
 File Date:
12/2/04
  
 Continuation: 20072830530

File Date: 10/9/07
  
 Assignment: 20110940104
 File Date: 4/1/11
	  	 All right, title and interest to Leased Equipment under Master Lease Agreement No. 130, dated 12/17/02

 
 Various computer equipment (several hundred items), described on Lease Schedules 001,
002, 004 and 08, attached to the several assignments and amendments.

											
	 Debtor
	  	State	  	Jurisdiction	  	 Secured Party
	  	 UCC Filing No./Filing Date
	  	 Collateral

	PolyOne Corporation	  	OH	  	State	  	 Amended: Supplyone Cleveland, Inc.
  

Original Secured Party: National Paper & Packaging Co.
	  	 UCC: OH00067980772
 File
Date: 9/2/03
  
 Continuation: 20081850562

File Date: 7/3/08
  
 Amendment: 20092170520
 File Date: 8/5/09
	  	All inventory and other goods listed on Exhibit A of financing statement whenever sold, consigned or delivered to or for Consignee by Consignor. Several dozen items are listed, all
described as “Bags” or “Liners”
						
	Polyone Corporation	  	OH	  	State	  	Popular Leasing U.S.A., Inc.	  	 UCC: OH00074219697
 File
Date: 2/24/04
  
 Continuation: 20090420286

File Date: 2/11/09
	  	“Lease #: 43755.01 One (1) New 202 Gallon Agitating Ultasonic [sic] Parts Washer, Model SK-1749”
						
	POLYONE CORPORATION	  	OH	  	State	  	MITSUI PLASTICS, INC.	  	 UCC: OH00087090820
 File
Date: 3/8/05
  
 Continuation: 20093340122

File Date: 11/25/09
	  	 All plastic goods placed or consigned onto premises of Polyone Corporation

 
 *Filing made for notice
purposes

											
	 Debtor
	  	State	  	Jurisdiction	  	 Secured Party
	  	 UCC Filing No./Filing Date
	  	 Collateral

	PolyOne Corporation	  	OH	  	State	  	General Electric Capital Corporation	  	 UCC: OH00100338389
 File
Date: 4/1/06
  
 Continuation: 20110460372

File Date: 2/15/11
	  	All equipment under certain MRK ML# 0116943 Schedule 001 PDA#01, GE Lease Agreement 7370924 Schedule 002, including all accessories, accessions, etc.
						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00107673821
 File
Date: 10/17/06
	  	 *For informational purposes only
  

Two new Toyota model 7BRU18, Serial Numbers 32936 and 32938, equipped with 42 inch forks, two batteries and two chargers.

						
	PolyOne Corporation	  	OH	  	State	  	General Electric Capital Corporation	  	 UCC: OH00108698460
 File
Date: 11/9/06
  
 Continuation: 20112440066

File Date: 9/1/11
  
 Amendment: 20112440062
 File Date: 9/1/11
	  	 All equipment under certain MRK ML# 0116943 Schedule 001 PDA #2, GE Lease Agreement 7370924 Schedule 005, including all accessories,
accessions, etc.
  
 Amend Secured Party address

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00109475954
 File
Date: 12/4/06
	  	 *For informational purposes only
  

One new Toyota Model 7FGCU25 S/N 04338, equipped with side shifter, 42” forks, backup alarm,
etc.

											
	 Debtor
	  	State	  	Jurisdiction	  	 Secured Party
	  	 UCC Filing No./Filing Date
	  	 Collateral

	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00109496544
 File
Date: 12/4/06
	  	 *For informational purposes only
  

One new Toyota Model 7FGCU25 S/N 69880, equipped with side shifter, 42” forks, backup alarm, etc.

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00110232549
 File
Date: 12/22/06
	  	 *For informational purposes only
  

Five new Toyotas Model 7FGCU25 S/Ns 04871, 04904, 04928, 04964 and 04999, each equipped with side shifter, 42” forks, backup alarm,
etc.

						
	PolyOne Corporation	  	OH	  	State	  	Zeon Chemicals L.P.	  	 UCC: OH00110707627
 File Date:
1/9/07
	  	Consigned goods, defined as all items furnished by Secured Party to Consignee. Consigned goods are described as products 2301X36, 2301X50, 1430X20 and Zealloy (R)
1422
						
	POLYONE CORPORATION	  	OH	  	State	  	General Electric Capital Corporation	  	 UCC: OH00111253695
 File
Date: 1/24/07
	  	All equipment under certain MRK ML# 0116943 Schedule 001 PDA #3, GE Lease Agreement 7370924 Schedule 004, including all accessories, accessions, etc.
						
	PolyOne Corporation	  	OH	  	State	  	Wells Fargo Equipment Finance, Inc.	  	 UCC: OH00112693466
 File
Date: 3/9/07
	  	 *Transaction intended to be a true lease
  

One (1) New 2006 Trackmobile 4150TM, Serial Number LGN 98208-1106, including all options, attachments and
accessories.

											
	 Debtor
	  	State	  	Jurisdiction	  	 Secured Party
	  	 UCC Filing No./Filing Date
	  	 Collateral

	POLYONE CORPORATION	  	OH	  	State	  	Toyota Motor Credit Corporation	  	 UCC: OH00113735881
 File
Date: 4/6/07
	  	 *Transaction constitutes a true lease
  

Eight (8) Toyota Forklift
 Model #
8FGCU25
 Serial #s: 10698, 10868, 10926, 10869, 10596, 10893, 10894, 10897

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00114063615
 File
Date: 4/17/07
	  	 *For informational purposes only
  

One new Toyota Model 7FBEU18 S/N 16747, equipped with side shifter, 42” forks, backup alarm, etc.

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00115318435
 File
Date: 5/18/07
	  	 *For informational purposes only
  

Two (2) new Toyotas Model 7FBEU18 S/N 69448, 69449, each equipped with side shifter, 42” forks, backup alarm, etc.

						
	PolyOne Corporation	  	OH	  	State	  	General Electric Capital Corporation	  	 UCC: OH00115735136
 File
Date: 5/31/07
	  	All equipment under certain MRK ML# 0116943 Schedule 001 Final, GE Lease Agreement 7370924 Schedule 006, including all accessories, accessions,
etc.

											
	 Debtor
	  	State	  	Jurisdiction	  	 Secured Party
	  	 UCC Filing No./Filing Date
	  	 Collateral

	POLYONE CORPORATION	  	OH	  	State	  	U.S. BANCORP OLIVER-ALLEN TECHNOLOGY LEASING	  	 UCC: OH00117302828
 File
Date: 7/17/07
  
 Amendment: 20073200472

File Date: 11/15/07
	  	 All equipment pursuant to Equipment Schedule No. 01 to Master Lease Agreement, dated 7/2/07. Equipment is described as various computer
and telecommunications equipment, software, and software license rights.
  

Amend Collateral

						
	POLYONE CORPORATION DBA POLYONE DISTRIBUTION COMPANY	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00117635257
 File
Date: 7/26/07
	  	 *For informational purposes only
  

Sixteen (16) Toyotas Model # 8FGCU25. S/N: 13541, 13375, 13038, 13200, etc.

						
	Polyone Corporation	  	OH	  	State	  	National City Commercial Capital Company, LLC	  	 UCC: OH00117982424
 File
Date: 8/7/07
	  	Equipment and other goods pursuant to Rental Schedule Number 98908000 to Master Lease Agreement, dated 7/25/07. Equipment is described as 40 or so “1977, ACF 5,250 cubic feet,
covered hopper car”(s). No serial numbers.
						
	POLYONE CORPORATION DBA POLYONE DISTRIBUTION CO	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00119874336
 File Date:
10/5/07
	  	 *For informational purposes only
  

One new Toyota Model 7FBCU25 S/N 70268, equipped with side shifter, 42” forks, backup alarm, etc.

											
	 Debtor
	  	State	  	Jurisdiction	  	 Secured Party
	  	 UCC Filing No./Filing Date
	  	 Collateral

	POLYONE CORPORATION DBA POLYONE DISTRIBUTION CO	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00120175286
 File Date:
10/15/07
	  	 *For informational purposes only
  

One new Toyota Model 8FGCU25 S/N 15096, equipped with side shifter, 42” forks, backup alarm, etc.

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00120183617
 File Date:
10/15/07
	  	 *For informational purposes only
  

Three (3) new Toyotas Model 8FGCU25 S/N 11003, 11004, 11011, each equipped with side shifter, 42” forks, backup alarm, etc.

						
	POLYONE CORPORATION DBA POLYONE DISTRIBUTION CO	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00120574878
 File Date:
10/26/07
	  	 *For informational purposes only
  

One new Advance Terra 4300B S/N 073424726

						
	POLYONE CORPORATION DBA POLYONE DISTRIBUTION CO	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00121288579
 File Date:
11/19/07
	  	 *For informational purposes only
  

Two (2) new Toyotas Model 7FBCU25 S/N 70468, 70480, each equipped with side shifter, 42” forks, backup alarm, etc.

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00121380383
 File Date:
11/21/07
	  	 *For informational purposes only
  

One new Toyota Model 8FGCU25 S/N 16407, equipped with side shifter, 42” forks, backup alarm,
etc.

											
	 Debtor
	  	State	  	Jurisdiction	  	 Secured Party
	  	 UCC Filing No./Filing Date
	  	 Collateral

	POLYONE CORPORATION DBA POLYONE DISTRIBUTION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00121558138
 File Date:
11/29/07
	  	 *For informational purposes only
  

One used Toyota Model 7FGCU25 S/N 75992, equipped with side shifter, 189” FSV Mast

						
	POLYONE CORPORATION	  	OH	  	State	  	U.S. BANCORP OLIVER-ALLEN TECHNOLOGY LEASING	  	 UCC: OH00121652188
 File Date:
12/3/07
  
 Amendment: 20080780520

File Date: 3/17/08
	  	 All equipment pursuant to Equipment Schedule No. 02 to Master Lease Agreement, dated 7/2/07. Equipment is described as various computer
and telecommunications equipment, software, and software license rights.
  

Amend Collateral

						
	Polyone Corporation	  	OH	  	State	  	National City Commercial Capital Company, LLC	  	 UCC: OH00121894948
 File Date:
12/11/07
	  	Equipment and other goods pursuant to Rental Schedule Number 401672000 to Master Lease Agreement, dated 7/25/07. Equipment is described as 40 or so “1977/1978/1979, ACF, 5,250
cubic feet covered hopper car”(s). No serial numbers.
						
	POLYONE CORPORATION	  	OH	  	State	  	U.S. BANCORP OLIVER-ALLEN TECHNOLOGY LEASING	  	 UCC: OH00124415412
 File Date:
3/3/08
  
 Amendment: 20081640748

File Date: 6/12/08
	  	 All equipment pursuant to Equipment Schedule No. 02 to Master Lease Agreement, dated 7/2/07. Equipment is described as various computer
and telecommunications equipment.
  
 Amend
Collateral

											
	 Debtor
	  	State	  	Jurisdiction	  	 Secured Party
	  	 UCC Filing No./Filing Date
	  	 Collateral

	POLYONE CORPORATION DBA POLYONE DISTRIBUTION CO	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00124952036
 File Date:
3/19/08
	  	 *For informational purposes only
  

One new Toyota Model 8FGCU32 S/N 11294, equipped with side shifter, 48” forks, backup alarm, etc.

						
	POLYONE CORPORATION DBA POLYONE DISTRIBUTION CO	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00124954616
 File Date:
3/19/08
	  	 *For informational purposes only
  

One new Toyota Model 8FGCU32 S/N 11273, equipped with backup alarm, 189” FSV Mast, Dual 4 Way Hosing, etc.

						
	POLYONE CORPORATION DBA POLYONE DISTRIBUTION CO	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00124954727
 File Date:
3/19/08
	  	 *For informational purposes only
  

One new Toyota Model 8FGCU32 S/N 11263, equipped with Integral Side Shifter, 42” Forks, backup alarm, 189” FSV Mast, etc.

						
	POLYONE CORPORATION DBA POLYONE DISTRIBUTION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00125115942
 File Date:
3/25/08
	  	 *For informational purposes only
  

One used Toyota Model 7FGCU25 S/N 67167, equipped with side shifter, 42” forks, 189” FSV Mast

						
	 POLYONE CORPORATION
  

CT CORPORATION, AGENT
	  	OH	  	State	  	AMERICAN AXLE & MANUFACTURING, INC.	  	 UCC: OH00125252073
 File Date:
3/28/08
	  	“RAW MATERIALS, WORK IN PROCESS, FINISHED GOODS, TOOLS AND INVENTORY, MACHINERY AND EQUIPMENT OWNED BY SECURED PARTY AND IN THE POSSESSION OF DEBTOR FROM TIME TO
TIME”

											
	 Debtor
	  	State	  	Jurisdiction	  	 Secured Party
	  	 UCC Filing No./Filing Date
	  	 Collateral

	PolyOne Corporation	  	OH	  	State	  	 Assigned: Bank Financial F.S.B.
  

Original Secured Party: Somerset Leasing Corp. II
	  	 UCC: OH00125320927
 File Date:
4/1/08
  
 Amendment: 20093550179

File Date: 12/21/09
  
 Assignment: 20112790168
 File Date: 10/5/11
	  	 *Intended to be a true lease
  

Leased equipment under schedule no.1 to Lease Agreement dated 1/17/08. Equipment: 1 Briggs 4350TM TrackMobile RailCar Mover, *Cummins B5.9-C152
Turbocharged Diesel Engine, 6 Cylinder, 359 Cubic Inch, 152BHP etc.
  

Amendment: New equipment location

						
	POLYONE CORPORATION DBA POLYONE DISTRIBUTION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00125831112
 File Date:
4/18/08
	  	 *For informational purposes only
  

One new Toyota Model 8FGCU30 S/N 11900, equipped with side shifter, 42” Forks, backup alarm, 187” FSV Mast, etc.

						
	POLYONE CORPORATION	  	OH	  	State	  	U.S. BANCORP EQUIPMENT FINANCE INC.	  	 UCC: OH00127151071
 File Date:
6/2/08
  
 Amendment: 20082610098

File Date: 9/15/08
	  	 All equipment and other personal property pursuant to Equipment Schedule No. 04 to Master Lease Agreement, dated 7/2/07. Equipment on
attached Exhibit is described as various computer and network equipment.
  

Amend Collateral

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00127154996
 File Date:
6/3/08
	  	 *For informational purposes only
  

One (1) New advance Exterra S/N 2053546

											
	 Debtor
	  	State	  	Jurisdiction	  	 Secured Party
	  	 UCC Filing No./Filing Date
	  	 Collateral

	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00127169624
 File Date:
6/3/08
	  	 *For informational purposes only
  

One (1) Advance Terra 4300B S/N 081208964

						
	PolyOne Corporation	  	OH	  	State	  	Somerset Leasing Corp. I	  	 UCC: OH00128496446
 File Date:
7/28/08
	  	 *Intended to be a true lease
  

Equipment under Schedule No. 2 to Lease Agreement, dated 1/17/08. Equipment is described as 1 7413 Tennant Model T5 Walk Behind Scrubber
T5-10389390

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00129168290
 File Date:
8/27/08
	  	 *For informational purposes only
  

Two (2) new Toyotas Model 8FGCU25 S/N 21072, 21589 equipped with side shifter, 42” forks, backup alarm, etc.

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00129207345
 File Date:
8/28/08
	  	 *For informational purposes only
  

One new Toyota Model 6BWS152L04 S/N 10154, equipped with 48” pallet forks, UL type EE Rating, Battery Discharge Indicator, etc.

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00129370138
 File Date:
9/5/08
	  	 *For informational purposes only
  

Two (2) new Toyotas Model 6BWR152L24 S/N 30406, 60409 equipped with 36” pallet forks, UL type EE Rating, Battery Discharge Indicator,
etc.

											
	 Debtor
	  	State	  	Jurisdiction	  	 Secured Party
	  	 UCC Filing No./Filing Date
	  	 Collateral

	POLYONE CORPORATION	  	OH	  	State	  	U.S. BANCORP EQUIPMENT FINANCE INC.	  	 UCC: OH00129537960
 File Date:
9/12/08
  
 Amendment: 20092670368

File Date: 9/23/09
	  	 All equipment and other personal property pursuant to Schedule No. 05 to Master Lease Agreement, dated 7/2/07. Equipment is described on
attached exhibit as various computer and network equipment, several dozen items.
  
 Amend Collateral

						
	PolyOne Corporation	  	OH	  	State	  	 Assigned: BankFinancial FSB
  

Original Secured Party: Somerset Leasing Corp. XIV
	  	 UCC: OH00129848131
 File Date:
9/26/08
  
 Assignment: 20112690187

File Date: 9/23/11
	  	 *Intended to be a true lease
  

Equipment under Schedule No. 3 to Lease Agreement dated 1-17-08. Equipment includes forklifts, batteries and battery chargers.

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00130292307
 File Date:
10/17/08
	  	 *For informational purposes only
  

Two (2) new Ametek Chargers Model 1050 T3-24 S/N 308CS68260, 308CS68261

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00130294987
 File Date:
10/17/08
	  	 *For informational purposes only
  

Two (2) new Deka batteries model 24-85D-21 S/N 1804FR, 3267DR

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00131007688
 File Date:
11/18/08
	  	 *For informational purposes only
  

One new Advance 4300 Captor LP S/N 1000002500

											
	 Debtor
	  	State	  	Jurisdiction	  	 Secured Party
	  	 UCC Filing No./Filing Date
	  	 Collateral

	POLYONE CORPORATION	  	OH	  	State	  	KANEKA TEXAS CORPORATION	  	 UCC: OH00131529563
 File Date:
12/10/08
	  	 *Filing made for Notice purposes only
  

All impact modifiers and processing aids now or hereafter acquired by Consignor and thereafter placed on premises of Consignee

						
	Polyone Corp.	  	OH	  	State	  	M & R Sales & Service	  	 UCC: OH00133359261
 File Date:
3/16/09
	  	 1 P/N GTRZ162214122036A Gauntlet Z Press 16X22 S/N 030979382G

 
 1 P/N CAYZ182220360 Cayenne Z Quartz Flash 18X22 S/N 030979358C

 
 1 P/N CAYZ182220360 Cayenne Z Quartz Flash 18X22 S/N 030979355C

 
 and 4 others

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00133854261
 File Date:
4/9/09
	  	 *For informational purposes only
  

One used Toyota Model 7FGCU25 S/N 83158, equipped with side shifter, 42” forks, 189” FSV mast, single internal hosing

						
	POLYONE CORPORATION	  	OH	  	State	  	AIR LIQUIDE INDUSTRIAL US LP	  	 UCC: OH00133945830
 File Date:
4/13/09
	  	“TELEMETRY- DATAL ONE VESSEL- PE, S/N 05866, 4700 GAL”

											
	 Debtor
	  	State	  	Jurisdiction	  	 Secured Party
	  	 UCC Filing No./Filing Date
	  	 Collateral

	POLYONE CORPORATION	  	OH	  	State	  	U.S. BANCORP EQUIPMENT FINANCE INC.	  	 UCC: OH00135861935
 File Date:
7/8/09
  
 Amendment: 20093340260

File Date: 11/25/09
	  	 All equipment and other personal property pursuant to Schedule 007 to Master Lease Agreement, dated 7/2/07. Equipment described on
exhibit to amendment as various computer equipment.
  
 Amend
Collateral

						
	POLYONE CORPORATION	  	OH	  	State	  	U.S. BANCORP EQUIPMENT FINANCE INC.	  	 UCC: OH00135862058
 File Date:
7/8/09
  
 Amendment: 20092670364

File Date: 9/23/09
	  	 All equipment and other personal property pursuant to Schedule 06 to Master Lease Agreement, dated 7/2/07. Equipment described on
exhibit to amendment as sixteen (16) “Steelhead 250 w/2 Onboard GBE”
  
 Amend Collateral

						
	PolyOne Corporation	  	OH	  	State	  	MRK Leasing, Ltd.	  	 UCC: OH00136154008
 File Date:
7/22/09
	  	Equipment pursuant to Lease # 0116943.003. Described on Schedule A as “Steelhead 5050 with 4 Onboard GBE” and several other similar items.
						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00136268069
 File Date:
7/28/09
	  	 *For informational purposes only
  

One new Toyota 7FBCU25 S/N 72480. Sideshifter, 42” forks, etc.

											
	 Debtor
	  	State	  	Jurisdiction	  	 Secured Party
	  	 UCC Filing No./Filing Date
	  	 Collateral

	POLYONE CORPORATION	  	OH	  	State	  	U.S. BANCORP EQUIPMENT FINANCE INC.	  	 UCC: OH00136947887
 File Date:
9/2/09
  
 Amendment: 20100600239

File Date: 3/1/10
	  	 Equipment and other personal property pursuant to Equipment Schedule No. 08 to Master Lease Agreement, dated 7/2/07. Exhibit A to
Amendment describes as various computer equipment.
  
 Amend
Collateral

						
	POLYONE CORPORATION	  	OH	  	State	  	U.S. BANCORP EQUIPMENT FINANCE INC.	  	 UCC: OH00136947998
 File Date:
9/2/09
  
 Amendment: 20102700071

File Date: 9/24/10
	  	 Equipment and other personal property pursuant to Equipment Schedule No. 08 to Master Lease Agreement, dated 7/2/07. Exhibit A to
Amendment describes as various computer equipment.
  
 Amend
Collateral

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00137062983
 File Date:
9/8/09
	  	 *For informational purposes only
  

One new Toyota 8FGU25 S/N 19655. Sideshifter, 48” forks, etc.

						
	PolyOne Corporation	  	OH	  	State	  	Georgia-Pacific Corrugated LLC	  	 UCC: OH00137200816
 File Date:
9/15/09
	  	Consigned inventory in Consignment Agreement, dated 3/1/02. Laminated bulk boxes and caps located at buyer’s sites.
						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00137362919
 File Date:
9/23/09
	  	 *For informational purposes only
  

One used Toyota 7FBCU25 S/N 64964. Sideshifter, 42” forks, 83/189” Mast

											
	 Debtor
	  	State	  	Jurisdiction	  	 Secured Party
	  	 UCC Filing No./Filing Date
	  	 Collateral

	PolyOne Corporation	  	OH	  	State	  	MRK Leasing, Ltd.	  	 UCC: OH00138016765
 File Date:
10/26/09
	  	Equipment pursuant to Lease #0116943.002. Described on Schedule A as 3 LXE VXS Vehicle Mounted Computers.
						
	POLYONE CORPORATION	  	OH	  	State	  	U.S. BANCORP EQUIPMENT FINANCE INC.	  	 UCC: OH00139644414
 File Date:
1/13/10
  
 Amendment: 20102700073

File Date: 9/24/10
	  	 Equipment and other personal property pursuant to Equipment Schedule No. 010 to Master Lease Agreement, dated 7/2/07. Exhibit A to
Amendment describes as various computer and networking equipment.
  
 Amend
Collateral

						
	POLYONE CORPORATION	  	OH	  	State	  	U.S. BANCORP EQUIPMENT FINANCE INC.	  	 UCC: OH00139644525
 File Date:
1/13/10
  
 Amendment: 20102700074

File Date: 9/24/10
	  	 Equipment and other personal property pursuant to Equipment Schedule No. 011 to Master Lease Agreement, dated 7/2/07. Exhibit A to
Amendment describes as various computer and audio/visual equipment.
  
 Amend
Collateral

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00140059547
 File Date:
2/2/10
	  	 *For informational purposes only
  

“One (1) New Advance Convertamatic 26 S/N 1000031977”

											
	 Debtor
	  	State	  	Jurisdiction	  	 Secured Party
	  	 UCC Filing No./Filing Date
	  	 Collateral

	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00140262053
 File Date:
2/15/10
	  	 *For informational purposes only
  

“One (1) New Genie Z34/22 S/N Z3410-7789, Equipped With: Tool Tray, Low Volt Interrupt”

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00140262164
 File Date:
2/15/10
	  	 *For informational purposes only
  

Two (2) New Toyota Models 30-7FBCU25 S/N 61031, 61033, Each Equipped With: Side shifter, 42” forks, etc.

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00140765473
 File Date:
3/12/10
	  	 *For informational purposes only
  

Two (2) New Toyota Models 7HBW23 S/N 36605, 36607, Each Equipped With: 42” X 27” forks, removable 48” LBR, etc.

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00140868522
 File Date:
3/18/10
	  	 *For informational purposes only
  

Three (3) New Toyota Models 8FGCU30 S/N 13976, 13997, 13999 Each Equipped With: Side shifter, 42” forks, Backup alarm, etc.

						
	PolyOne Corporation	  	OH	  	State	  	U.S. Bancorp Equipment Finance, Inc.	  	 UCC: OH00143650211
 File Date:
7/15/10
	  	One (1) Used 2008 Trackmobile, Model 4350TM; together with all replacements, parts, repairs, additions, etc.

											
	 Debtor
	  	State	  	Jurisdiction	  	 Secured Party
	  	 UCC Filing No./Filing Date
	  	 Collateral

	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00144197513
 File Date:
8/6/10
  
 Amendment: 20102220281

File Date: 8/10/10
	  	 *For informational purposes only
  

One new Toyota Model 7BN20203FSV S/N 50942. Equipped with: Side shifter, 48” forks, etc.

 
 Amendment modifies collateral description slightly.

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00144293810
 File Date:
8/12/10
	  	 *For informational purposes only
  

One new Toyota Model 8FGCU25 S/N 28677. Equipped with: Side shifter, 42” forks, etc.

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00144553135
 File Date:
8/25/10
	  	 *For informational purposes only
  

Four (4) new Toyotas Model 7FBEU15 S/N 21545, 21569, 51271, 21592. Each equipped with: 42” forks, Backup alarm, 189” FSV Mast,
etc.

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00144554036
 File Date:
8/25/10
	  	 *For informational purposes only
  

One new Toyota Model 7FBEU15 S/N 21550. Equipped with: 42” forks, backup alarm,
etc.

											
	 Debtor
	  	State	  	Jurisdiction	  	 Secured Party
	  	 UCC Filing No./Filing Date
	  	 Collateral

	POLYONE CORPORATION	  	OH	  	State	  	U.S. BANCORP EQUIPMENT FINANCE, INC.	  	 UCC: OH00144572923
 File Date:
8/26/10
	  	Equipment and other personal property pursuant to Equipment Schedule No. 013 to Master Lease Agreement, dated 7/2/07.
						
	POLYONE CORPORATION	  	OH	  	State	  	U.S. BANCORP EQUIPMENT FINANCE, INC.	  	 UCC: OH00144573046
 File Date:
8/26/10
	  	Equipment and other personal property pursuant to Equipment Schedule No. 012 to Master Lease Agreement, dated 7/2/07.
						
	PolyOne Corporation	  	OH	  	State	  	 Partial Assignee: Wells Fargo Equipment Finance, Inc.
  

Original Secured Party: Summit Funding Group, Inc.
	  	 UCC: OH00145278293
 File Date:
9/30/10
  
 Partial Assignment: 20103070146

File Date: 11/2/10
  
 Amendment: 20103070146
 File Date: 11/2/10

 
 Partial Assignment: 20110330076

File Date: 1/31/11
  
 Amendment: 20110330076
 File Date: 1/31/11
	  	 All present and future goods pursuant to Master Lease Agreement 2417, dated 8/23/10

 
 Partial Assignment on 11/2/10 to Wells Fargo, Schedule Number 001 to Master Lease
Agreement
  
 Partial Assignment on 1/31/11 to Wells Fargo, Schedule Number
002 to Master Lease Agreement

											
	 Debtor
	  	State	  	Jurisdiction	  	 Secured Party
	  	 UCC Filing No./Filing Date
	  	 Collateral

	POLYONE CORPORATION	  	OH	  	State	  	U.S. BANCORP EQUIPMENT FINANCE, INC.	  	 UCC: OH00145429052
 File Date:
10/7/10
	  	Equipment and other personal property pursuant to Equipment Schedule No. 014 to Master Lease Agreement, dated 7/2/07.
						
	POLYONE CORPORATION	  	DE	  	State	  	DE LAGE LANDEN FINANCIAL SERVICES, INC.	  	 UCC: OH00145429385
 File Date:
10/7/10
	  	“ALL EQUIPMENT OF ANY MAKE OR MANUFACTURE, TOGETHER WITH ALL ACCESSORIES AND ATTACHMENTS FINANCED BY OR LEASED TO LESSEE BY LESSOR UNDER MASTER LEASE AGREEMENT NUMBER
_498_.”
						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00146965342
 File Date:
12/20/10
	  	 *For informational purposes only
  

Three (3) new Toyotas Model 8FGU25 S/N 32186, 32197, 32268. Each equipped with: Side shifter, 42” forks, Backup alarm, 189” FSV Mast,
etc.

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00146968601
 File Date:
12/20/10
	  	 *For informational purposes only
  

One (1) new Toyota Model 8FGU25 S/N 32198. Equipped with: Side shifter, 48” forks, Backup alarm, 189” FSV Mast,
etc.

											
	 Debtor
	  	State	  	Jurisdiction	  	 Secured Party
	  	 UCC Filing No./Filing Date
	  	 Collateral

	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00146968823
 File Date:
12/20/10
	  	 *For informational purposes only
  

One (1) new Toyota Model 8FGU32 S/N 30940. Equipped with: Backup alarm, 187” FSV Mast, etc.

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00146969491
 File Date:
12/20/10
	  	 *For informational purposes only
  

Two (2) new Toyotas Model 8FGU25 S/N 32250, 32270. Equipped with: Side shifter, 48” forks, Backup alarm, 189” FSV Mast,
etc.

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00146969835
 File Date:
12/20/10
	  	 *For informational purposes only
  

Three (3) new Toyotas Model 8HBW30 S/N 40141, 40142, 40143. Each equipped with: 48” X 27” forks, UL Type EE Rating, etc.

											
	 Debtor
	  	State	  	Jurisdiction	  	 Secured Party
	  	 UCC Filing No./Filing Date
	  	 Collateral

	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00146977266
 File Date:
12/20/10
	  	 *For informational purposes only
  

Two (2) new Toyotas Model 6BWR15 S/N 30509, 30510, 40143. Equipped with: 42” forks, battery discharge indicator, UL Type EE Rating,
etc.

						
	POLYONE CORPORATION	  	OH	  	State	  	ENTEK MANUFACTURING, INC.	  	 UCC: OH00147079192
 File Date:
12/23/10
	  	One 40mm Extrusion Line – Serial #83681-0401008, including, but not limited to, Extruder, RSLinx program, Spare screw set on shafts, Vent stack, etc.
						
	POLYONE CORPORATION	  	OH	  	State	  	ENTEK MANUFACTURING, INC.	  	 UCC: OH00147079203
 File Date:
12/23/10
	  	One 40mm Extrusion Line – Serial #83735-0401000, including, but not limited to, Extruder, Spare screw set on shafts, etc.
						
	POLYONE CORPORATION	  	OH	  	State	  	U.S. BANCORP EQUIPMENT FINANCE, INC.	  	 UCC: OH00148179882
 File Date:
2/14/11
	  	All equipment, inventory and/or rights in any software, whether now owned or hereafter acquired, financed under that certain Master Lease Agreement, dated 7/2/07, together with all
substitutions, replacements, parts, repairs, etc.

											
	 Debtor
	  	State	  	Jurisdiction	  	 Secured Party
	  	 UCC Filing No./Filing Date
	  	 Collateral

	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00149158203
 File Date:
4/1/11
	  	 *For informational purposes only
  

One (1) new Toyota Model 8FGU25 S/N 33854. Equipped with: S/S, 42” forks 189” FSV Mast, etc.

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00149158314
 File Date:
4/1/11
	  	 *For informational purposes only
  

One (1) new Toyota Model 8FGCU25 S/N 31335. Equipped with: S/S, 42” forks 189” FSV Mast, etc.

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00149863238
 File Date:
5/2/11
	  	 *For informational purposes only
  

One (1) new Toyota 7FBEU15 S/N 22475. Equipped with: S/S, 42” forks 189” FSV Mast, etc.

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00150185556
 File Date:
5/13/11
  
 Amendment: 20111390203

File Date: 5/19/11
	  	 *For informational purposes only
  

One (1) new Raymond R40TT S/N EZ-10-AF50397. Equipped with: S/S, 42” forks 211” TT Mast, etc.

 
 Amendment corrects S/N on
battery

											
	 Debtor
	  	State	  	Jurisdiction	  	 Secured Party
	  	 UCC Filing No./Filing Date
	  	 Collateral

	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00150279151
 File Date:
5/18/11
	  	 *For informational purposes only
  

Two (2) new Toyotas 8FBCU30 S/N 60423, 60424. Each equipped with: S/S, 42” forks 187” FSV Mast, etc.

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00150361510
 File Date:
5/20/11
	  	 *For informational purposes only
  

(1) New Advance SC800 s/n 4000015726

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00150395925
 File Date:
5/23/11
	  	 *For informational purposes only
  

Two (2) new Toyotas 7FBEU20 S/N 19147, 19148. Each equipped with: S/S, 42” forks 189” FSV Mast, etc.

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00150415393
 File Date:
5/24/11
	  	 *For informational purposes only
  

Three (3) new Toyotas 8FBCU30 S/N 60416, 60420, 60478. Each equipped with: S/S, 48” forks 187” FSV Mast, etc.

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00150675040
 File Date:
6/3/11
	  	 *For informational purposes only
  

(1) New Advance Adgressor 2820 S/N 1000044240

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00151302355
 File Date:
6/30/11
	  	 *For informational purposes only
  

(1) New Toyota 7FGCU35 S/N 71667, Equipped with S/S, 42” forks, etc.

											
	 Debtor
	  	State	  	Jurisdiction	  	 Secured Party
	  	 UCC Filing No./Filing Date
	  	 Collateral

	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00151627464
 File Date:
7/15/11
	  	 *For informational purposes only
  

(1) New Toyota 8FGCU25 S/N 32435, Equipped with S/S, 42” forks, etc.

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00152426550
 File Date:
8/24/11
	  	 *For informational purposes only
  

Three (3) new Toyotas 8FBCU25 S/N 33652, 33701, 33834. Each equipped with: S/S, 42” forks Back up alarm, etc.

						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00153134077
 File Date:
9/28/11
	  	 *For informational purposes only
  

Five (5) new Toyotas 8FGCU25 S/N 34605, 34648, 34678, 34716, 34739. Each equipped with: S/S, 42” forks back up alarm, etc.

						
	POLYONE CORPORATION	  	OH	  	State	  	FEDERAL EQUIPMENT COMPANY	  	 UCC: OH00153378073
 File Date:
10/7/11
	  	Inventory #20245 – One (1) Used Union Process Lab Attritor, Model 1, Type B, stainless steel, jacketed bowl, 2.5 gallon total capacity etc. etc. Serial #154
						
	POLYONE CORPORATION	  	OH	  	State	  	TOYOTA MOTOR CREDIT CORPORATION	  	 UCC: OH00153725818
 File Date:
10/26/11
	  	 *For informational purposes only
  

Two (2) new Toyotas 8FGCU25 S/N 33791, 33835. Each equipped with: S/S, 42” forks 187” back up alarm,
etc.

											
	 Debtor
	  	State	  	Jurisdiction	  	 Secured Party
	  	 UCC Filing No./Filing Date
	  	 Collateral

	PolyOne Corporation	  	TX	  	State	  	TENNANT FINANCIAL SERVICES	  	 UCC: 030000478719 File Date: 9/6/02
 Continuation: 0700126110 File Date: 4/16/07
	  	 Equipment; including all improvements, attachments, and accessories thereto.

 
 4147379-001

 
 Tennant M5700 Scrubber

 
 MPV Cost Center 39H7

  

	 	•	 	 Certificate of Deposit, in the balance of $2,700,000.00, at the Bank of America located at 100 North Tryon Street, Charlotte, North Carolina 28255.
This is cash collateral for certain credit card programs of PolyOne Corporation with Bank of America. Account number: 406231. 

 Permitted Liens with respect to Exclusive License Agreements1 
  

	 	•	 	 Exclusive License Agreement, dated March 12, 2004, between CM Corporation and Container Science, Inc. 

 

	 	•	 	 License Agreement, dated February 13, 2009, between ColorMatrix Holdings, Inc. and Amcor Pet Packaging USA, Inc. 

 

	 	•	 	 License Agreement, dated November 6, 2008, between ColorMatrix Holdings, Inc. and Artenius Pet Packaging Europe, Inc.

  

	 	•	 	 Joint Development Agreement, dated February 25, 2010, between ColorMatrix Group, Inc. and Printpack, Inc. 

 

	 	•	 	 Joint Development Agreement, dated August 2002, between ColorMatrix Group, Inc. and Container Science, Inc., as amended February 21, 2011.

  

	 	•	 	 Joint Development Agreement, dated June 14 2004, between ColorMatrix Europe Ltd. and Dupont Sabanci Polyester Europe BV, as amended on
July 24, 2006. 

  

	 	•	 	 Joint Research Development and Supply Agreement, dated September 6, 2009, between ColorMatrix Group, Inc. and DSM Micabs, B.V.

  

	 	•	 	 Joint Development Agreement, dated March 16, 2009, between ColorMatrix Group, Inc. and PPG Industries, Inc. 

 

	1 	 The Permitted Liens in connection with such outbound exclusive license agreements relate only to restrictions on the ability of PolyOne Corporation or
its Subsidiaries which are party to such license agreement, to use or dispose of certain intellectual property as provided in the license agreements. 

 Canada 
  

							
	 DEBTOR
	  	 JURISDICTION
	  	 SECURED PARTY
	  	 FILE NO./ REGISTRATION NO. AND
COLLATERAL

	POLYONE CANADA INC.	  	ONTARIO	  	TOYOTA MOTOR CREDIT CORPORATION	  	 671045805/
 20110628
1659 1862 2643
  
 EQUIPMENT, MOTOR VEHICLE INCLUDED

 
 2011 TOYOTA 8FGCU25
 VIN: 32435
  
 THIS
FINANCING STATEMENT IS FOR INFORMATIONAL PURPOSES ONLY. THE SECURED PARTY IS THE OWNER OF THE FOLLOWING PROPERTY (1) NEW TOYOTA 8FGCU25 S/N 32435 EQUIPT WITH S/S, 42 FORKS, 189 FSV MAST, LIGHTS, NON-MARKING TIRES, UL TYPE LP W/O
TANK

				
	POLYONE CANADA INC.	  	ONTARIO	  	PRAXAIR CANADA INC.	  	 662069844/
 20100610
1316 1793 6605
  
 EQUIPMENT

 
 EQUIPMENT SUPPLIED BY THE SECURED PARTY, CONSISTING OF BULK CRYOGENIC STORAGE
TANKS USED FOR THE STORAGE, FILLING AND DELIVERY OF INDUSTRIAL AND MEDICAL GASES INCLUDING, WITHOUT

							
		  		  		  	LIMITATION, ARGON, HYDROGEN, CARBON DIOXIDE, NITROGEN, NITROUS OXIDE AND OXYGEN, AND CRYOGENIC FREEZERS, TOGETHER WITH ALL RELATED ACCESSORIES, PARTS, COMPONENTS AND ATTACHMENTS
AND ALL PROCEEDS OF OR RELATING TO ANY OF THE FOREGOING AS WELL AS ALL PRESENT OR AFTER-ACQUIRED PROPERTY THAT MAY BE DERIVED FROM THE SALE OR OTHER DISPOSITION OF THE COLLATERAL DESCRIBED HEREIN.
				
	POLYONE CANADA INC.	  	ONTARIO	  	DONLEN FLEET LEASING LTD./LOCATION DE FLOTTES DONLEN LTEE.	  	 633066183/
 20070226
1954 1531 9178
  
 EQUIPMENT, ACCOUNTS, OTHER, MOTOR VEHICLE
INCLUDED
  
 ALL MOTOR VEHICLES NOW OR HEREAFTER LEASED BY THE SECURED
PARTY TO THE DEBTOR, INCLUDING, WITHOUT LIMITATION, ALL ACCESSORIES, SPARE PARTS, REPLACEMENTS, MANUALS, DOCUMENTS OF TITLE AND ACCESSIONS RELATING TO ANY SUCH MOTOR VEHICLES AND ALL PROCEEDS (IN ANY FORM OF PERSONAL PROPERTY) IN RESPECT OF ANY OF
THE FOREGOING. THIS FILING IS PROTECTION WITH RESPECT TO VEHICLES LEASED TO DEBTOR UNDER A LEASE INTENDED TO BE A TRUE LEASE.

							
	POLYONE CANADA INC.	  	ONTARIO	  	DONLEN FLEET LEASING LTD./ LOCATION DE FLOTTES DONLEN LTEE.	  	 633066192/
 20070226
1954 1531 9179
 20090402 1450 1530 0933
  

EQUIPMENT, ACCOUNTS, OTHER, MOTOR VEHICLE INCLUDED
  

ALL MOTOR VEHICLES NOW OR HEREAFTER LEASED BY THE SECURED PARTY TO THE DEBTOR, INCLUDING, WITHOUT LIMITATION, ALL ACCESSORIES, SPARE PARTS,
REPLACEMENTS, MANUALS, DOCUMENTS OF TITLE AND ACCESSIONS RELATING TO ANY SUCH MOTOR VEHICLES AND ALL PROCEEDS (IN ANY FORM OF PERSONAL PROPERTY) IN RESPECT OF ANY OF THE FOREGOING. THIS FILING IS PROTECTION WITH RESPECT TO VEHICLES LEASED TO DEBTOR
UNDER A LEASE INTENDED TO BE A TRUE LEASE.

				
	 POLYONE CANADA INC.
  

POLYONE CORPORATION
	  	ONTARIO	  	ZEON CHEMICALS L.P.	  	 632093256/
 20070112
1221 2505 0237
  
 INVENTORY, EQUIPMENT

 
 ZEON CHEMICALS L.P. MAY CONSIGN CERTAIN PARTS AND/OR RAW MATERIALS ON A NO-CHARGE
BASIS TO CONSIGNEE FOR INCORPORATION INTO THE PRODUCTS PRODUCED BY CONSIGNEE. FOR THE

							
		  		  		  	PURPOSES OF THIS AGREEMENT, CONSIGNED GOODS ARE DEFINED AS ALL ITEMS FURNISHED BY ZEON CHEMICALS L.P. OR CAUSED BY ZEON CHEMICALS L.P. TO BE FURNISHED TO CONSIGNEE. A DESCRIPTION
OF THE CONSIGNED GOODS IS THE FOLLOWING PRODUCTS WILL BE INCLUDED IN THIS CONSIGNMENT AGREEMENT, 2301X36, 2301X50, 1430X20, ZEALLOY (R) 1422. CONSIGNED GOODS WILL BE LOCATED AND USED AT AVON LAKE, OHIO, ELYRIA, OHIO, TERRE HAUTE, INDIANA, RANCHO
CUCAMONGA, CALIFORNIA, NIAGARA FALLS, ONTARIO, CANADA. CONSIGNED GOODS ARE AND WILL REMAIN THE PROPERTY OF ZEON CHEMICALS L.P.. ZEON CHEMICALS L.P. SHALL HAVE THE RIGHT AT ANY TIME TO RECALL ANY OF THE CONSIGNED GOODS.
				
	POLYONE CANADA, INC.	  	ONTARIO	  	DONLEN FLEET LEASING LTD.	  	 630739161/
 20061120
1941 1531 8265
  
 EQUIPMENT, ACCOUNTS, OTHER, MOTOR VEHICLE
INCLUDED
  
 2007 CHEVROLET IMPALA

V.I.N.: 2G1WU58RX79207566

				
	POLYONE CANADA INC.	  	ONTARIO	  	THE CORPORATION OF THE TOWN OF	  	 888453369/
 20021022
1003 1793 5710

							
		  		  	ORANGEVILLE	  	 EQUIPMENT, OTHER
  

EQUIPMENT LEASED BY THE SECURED PARTY TO THE DEBTOR FOR USE AT A PLASTICIZER SYNTHESIS PLANT LOCATED AT 15 TIDEMAN DRIVE, AND A POLYMAER COMPOUNDING
PLANT LOCATED AT 17 TIDEMAN DRIVE, AS MORE PARTICULARLY DESCRIBED IN A LEASE AGREEMENT DATED AS OF AUGUST 26, 2002 BETWEEN THE SECURED PARTY AND THE DEBTOR, AS IT MAY BE AMENDED FROM TIME TO TIME.

				
	POLYONE CANADA INC.	  	QUEBEC	  	PRAXAIR CANADA INC.	  	 10-0388782-0001

RIGHTS OF OWNERSHIP OF THE LESSOR UNDER A LEASING AGREEMENT
  

ALL MOVABLE PROPERTY.

				
	 POLYONE CANADA, INC.
  

(FURTHER TO AN AMENDMENT REGISTERED UNDER NUMBER 09-0174392-0002)
	  	QUEBEC	  	 DONLEN FLEET LEASING LTD.
  

LOCATION DE FLOTTES DONLEN LTEE
	  	 07-0101357-0035

RIGHTS RESULTING FROM A LEASE
  

ALL MOTOR VEHICLES LEASED BY THE SECURED PARTY TO THE DEBTOR.
  

THIS REGISTRATION IS A GLOBAL REGISTRATION UNDER SECTION 2961.1 OF THE CIVIL CODE OF QUEBEC.

 Foreign 
 Liens against the accounts receivable solely of ColorMatrix do Brasil Indústria e Comércio de Pigmentos e Aditivos Ltda., which secure only borrowings under the Bank Credit, dated
August 11, 2011, issued by Itaú Unibanco S.A. for a revolving credit facility of up to 900,000 Brazilian reales. 

 Schedule 1.1 
 As used in the Agreement, the following terms shall have the following definitions: 
 “Account” means an account (as that term is defined in the Code). 

“Account Debtor” means any Person who is obligated on an Account, chattel paper, or a general intangible. 

“Acquired Indebtedness” means Indebtedness of a Person whose assets or Equity Interests are acquired by a Restricted
Subsidiary in a Permitted Acquisition; provided, that, such Indebtedness • was in existence prior to the date of such Permitted Acquisition, and • was not incurred in connection with, or in contemplation of, such Permitted
Acquisition. 
 “Acquisition” means • the purchase or other acquisition by a Person or its Subsidiaries of
all or substantially all of the assets of (or any division or business line of) any other Person (other than of a Subsidiary), or • the purchase or other acquisition (whether by means of a merger, consolidation, amalgamation or otherwise) by a
Person or its Subsidiaries of all or substantially all of the Equity Interests of any other Person (other than of a Subsidiary). 
 “Additional Documents” has the meaning specified therefor in Section 5.11(b) of the Agreement. 
 “Administrative Borrower” has the meaning specified therefor in Section 17.14 of the Agreement. 
 “Affected Lender” has the meaning specified therefor in Section 2.11(b) of the Agreement. 
 “Affiliate” means, as applied to any Person, any other Person who controls, is controlled by, or is under common control with, such Person. For purposes of this definition,
“control” means the possession, directly or indirectly through one or more intermediaries, of the power to direct the management and policies of a Person, whether through the ownership of Equity Interests, by contract, or otherwise;
provided, that, for purposes of the definition of Eligible Accounts and Section 6.11 of the Agreement: • any Person which owns directly or indirectly ten percent (10%) or more of the Equity Interests having
ordinary voting power for the election of directors or other members of the governing body of a Person or ten percent (10%) or more of the partnership or other ownership interests of a Person (other than as a limited partner of such Person)
shall be deemed an Affiliate of such Person, and • each partnership in which a Person is a general partner shall be deemed an Affiliate of such Person. 
 “Agent” has the meaning specified therefor in the preamble to the Agreement. 
 “Agent-Related Persons” means Agent, together with its Affiliates, officers, directors, employees, attorneys, and agents. 

“Agent’s Account” means the Deposit Account of Agent identified on Schedule A-1. 

“Agent’s Canadian Account” means the Deposit Accounts of Agent identified on Schedule A-2. 

“Agent’s Liens” means the Liens granted by any Loan Party to Agent under the Loan Documents. 

“Agreement” means the Credit Agreement to which this Schedule 1.1 is attached. 

 “AML Legislation” has the meaning specified in Section 17.15 of
the Agreement. 
 “Applicable Margin” means, with respect to Base Rate Loans, BA Rate Loans and LIBOR Rate
Loans, the applicable percentage (on a per annum basis) set forth below based on the Quarterly Average Excess Availability for the immediately preceding three (3) month period: 

 

															
	Tier	  	 Quarterly Average
 Excess Availability
	  	Applicable
LIBOR Rate
Margin	 	 	Applicable
Base Rate
Margin	 	 	Applicable
BA Rate
Margin	 
					
	 1
	  	Equal to or greater than $200,000,000	  	 	1.75	% 	 	 	0.75	% 	 	 	0.75	% 
	 2
	  	Greater than or equal to $100,000,000 but less than $200,000,000	  	 	2.00	% 	 	 	1.00	% 	 	 	1.00	% 
	 3
	  	Less than $100,000,000	  	 	2.25	% 	 	 	1.25	% 	 	 	1.25	% 

 provided, that, (i) the Applicable Margin shall be calculated and established once every three
(3) months and shall remain in effect until adjusted for the next three (3) month period, (ii) each adjustment of the Applicable Margin shall be effective as of the first day of each such three (3) month period based on the
Quarterly Average Excess Availability for the immediately preceding three (3) month period, (iii) notwithstanding anything to the contrary contained herein, the Applicable Margin through March 31, 2012, shall be the amount for Tier 2
set forth above and (iv) in the event that Borrowers fail to provide any US Borrowing Base Certificate, Canadian Borrowing Base Certificate or other information with respect thereto for any period on the date required hereunder, effective as of
the date on which such US Borrowing Base Certificate, Canadian Borrowing Base Certificate or other information was otherwise required, at Agent’s option, the Applicable Margin shall be based on the highest rate above until the next Business Day
after a US Borrowing Base Certificate, Canadian Borrowing Base Certificate or other information is provided for the applicable period at which time the Applicable Margin shall be adjusted as otherwise provided herein. In the event that at any time
after the end of any three (3) month period the Quarterly Average Excess Availability for such three (3) month period used for the determination of the Applicable Margin was greater than the actual amount of the Quarterly Average Excess
Availability for such period as a result of the inaccuracy of information provided by or on behalf of Borrowers to Agent for the calculation of Excess Availability, the Applicable Margin for such period shall be adjusted to the applicable percentage
based on such actual Quarterly Average Excess Availability and any additional interest for the applicable period as a result of such recalculation shall be promptly paid to Agent. The foregoing shall not be construed to limit the rights of Agent or
Lenders with respect to the amount of interest payable after an Event of Default whether based on such recalculated percentage or otherwise. The Series G Guarantee Reserve Amount shall not be included in the calculation of Quarterly Average Excess
Availability for purposes of determining the Applicable Margin. 
 “Application Event” means the occurrence of
(a) a failure by Borrowers to repay all of the Obligations in full on the Maturity Date, or (b) an Event of Default and the election by Agent or the Required Lenders to require that payments and proceeds of Collateral be applied pursuant
to Section 2.3(b)(ii) of the Agreement. 
 “Arrangers” means, collectively, Wells Fargo Capital
Finance, LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated. 

  

 “Assignee” has the meaning specified therefor in
Section 13.1(a) of the Agreement. 
 “Assignment and Acceptance” means an Assignment and Acceptance
Agreement substantially in the form of Exhibit A-1. 
 “Authorized Person” means any one of the
individuals identified on Schedule A-3, as such schedule is updated from time to time by written notice from Administrative Borrower to Agent. 
 “Availability” means, as of any date of determination, • the lesser of the Borrowing Base or the Maximum Credit minus • the Revolver Usage. 

“Bank Product” means any one or more of the following financial products or accommodations extended to Parent or its
Subsidiaries by a Bank Product Provider: • credit cards, • credit card processing services, • debit cards, • stored value cards, • purchase cards (including so-called “procurement cards” or “P-cards”),
• Cash Management Services, or • transactions under Hedge Agreements. 
 “Bank Product Agreements”
means those agreements entered into from time to time by Parent or its Subsidiaries with a Bank Product Provider in connection with the obtaining of any of the Bank Products. 
 “Bank Product Collateralization” means providing cash collateral (pursuant to documentation reasonably satisfactory to Agent) to be held by Agent for the benefit of the Bank Product
Providers (other than the Hedge Providers), except as Agent may otherwise agree, in an amount determined by Agent as reasonably sufficient to satisfy the reasonably estimated credit exposure with respect to the then existing Bank Product Obligations
(other than Hedge Obligations). 
 “Bank Product Obligations” means • all obligations, liabilities,
reimbursement obligations, fees, or expenses owing by Parent or its Subsidiaries to any Bank Product Provider pursuant to or evidenced by a Bank Product Agreement and irrespective of whether for the payment of money, whether direct or indirect,
absolute or contingent, due or to become due, now existing or hereafter arising, • all Hedge Obligations, and • all amounts that Agent or any Lender is obligated to pay to a Bank Product Provider as a result of Agent or such Lender
purchasing participations from, or executing guarantees or indemnities or reimbursement obligations to, a Bank Product Provider with respect to the Bank Products provided by such Bank Product Provider to Parent or its Subsidiaries; provided,
that, in order for any item described in clauses (a) (b), or (c) above, as applicable, to constitute “Bank Product Obligations”, the applicable Bank Product must have been provided on or after the Closing Date and Agent
shall have received a Bank Product Provider Agreement within ten (10) days after the date of the provision of the applicable Bank Product to Parent or its Subsidiaries. 
 “Bank Product Provider” means any Lender or any of its Affiliates; provided, that, no such Person shall constitute a Bank Product Provider with respect to a Bank Product
unless and until Agent shall have received a Bank Product Provider Agreement from such Person and with respect to the applicable Bank Product within ten (10) days (or such later date as Agent may agree) after the provision of such Bank Product
to Parent or its Subsidiaries. 
 “Bank Product Provider Agreement” means an agreement in substantially the
form attached hereto as Exhibit B-2, in form and substance reasonably satisfactory to Agent, duly executed by the applicable Bank Product Provider, Borrowers, and Agent. 

“Bank Product Reserve Amount” means, as of any date of determination, the Dollar amount of reserves that Agent has
determined in its Permitted Discretion to establish (based upon the Bank Product 

  

 
Providers’ reasonable determination of their credit exposure to Parent and its Subsidiaries in respect of Bank Product Obligations) in respect of Bank Products then provided or outstanding
(taking into account any cash collateral then in the possession of a Bank Product Provider). 
 “Bankruptcy
Code” means title 11 of the United States Code, as in effect from time to time. 
 “BA Rate” means
• for a Lender that is a Schedule I chartered bank under the Bank Act (Canada), CDOR and • for any other Lender, the lesser of • the discount rate at which such Lender is prepared to purchase bankers’ acceptances and CDOR plus
ten (10) basis points. 
 “BA Rate Deadline” has the meaning specified therefor in
Section 2.15(b) of the Agreement. 
 “BA Rate Loan” means each portion of the Canadian Revolving
Loans that bears interest at a rate determined by reference to the BA Rate. 
 “BA Rate Notice” means a notice
substantially in the form of Exhibit L-2. 
 “BA Rate Option” has the meaning specified therefor in
Section 2.15 of the Agreement. 
 “BA Funding Losses” has the meaning specified therefor in
Section 2.15 of the Agreement. 
 “Base Rate” means (a) for Base Rate
Loans consisting of Canadian Revolving Loans in Canadian Dollars, the greater of (i) the prime lending rate as quoted by a Schedule I bank in Canada designated from time to time by Agent and (ii) the ninety (90) day BA Rate quoted
from time to time, plus one and one-half percent (1.5%) and (b) for Base Rate Loans consisting of US Revolving Loans and for all other purposes, the greatest of (i) the Federal Funds Rate plus one-half percent ( 1/2%), (ii) the LIBOR Rate (which rate shall be calculated based
upon an Interest Period of one (1) month and shall be determined on a daily basis), plus one percent (1%), and (iii) the rate of interest announced, from time to time, within Wells Fargo at its principal office in San Francisco as its
“prime rate”, with the understanding that the “prime rate” is one of Wells Fargo’s base rates (not necessarily the lowest of such rates) and serves as the basis upon which effective rates of interest are calculated for those
loans making reference thereto and is evidenced by the recording thereof after its announcement in such internal publications as Wells Fargo may designate. 
 “Base Rate Loan” means each portion of the Revolving Loans that bears interest at a rate determined by reference to the Base Rate. 

“BIA” means the Bankruptcy and Insolvency Act (Canada), R.S.C. 1985, c. B-3, as the same now exists or may from time to
time hereafter be amended, modified, recodified or supplemented, together with all official rules, regulations and interpretations thereunder or related thereto. 
 “Board of Directors” means, as to any Person, the board of directors (or comparable managers) of such Person or any committee thereof duly authorized to act on behalf of the board of
directors (or comparable managers). 
 “Borrowers” means, collectively, US Borrowers and Canadian Borrowers.

 “Borrowing” means a borrowing consisting of Revolving Loans made on the same day by the Lenders (or Agent on
behalf thereof), or by Swing Lender in the case of a Swing Loan, or by Agent in the case of a Protective Advance. 

  

 “Borrowing Base” means, at any time, the sum of the US Borrowing Base plus
the Canadian Borrowing Base. 
 “Business Day” means any day that is not a Saturday, Sunday, or other day on
which banks are authorized or required to close in the state of New York, or, in the case of Canadian Loans, the Province of Ontario except that, if a determination of a Business Day shall relate to a LIBOR Rate Loan, the term “Business
Day” also shall exclude any day on which banks are closed for dealings in Dollar deposits in the London interbank market. 

“CAM Exchange” has the meaning specified therefor in Section 9.4(a) of the Agreement. 

“CAM Exchange Date” has the meaning specified therefor in Section 9.4(a) of the Agreement. 

“CAM Percentage” has the meaning specified therefor in Section 9.4(d) of the Agreement. 

“Canadian Borrowers” means (a) PolyOne Canada Inc., a federally incorporated Canadian corporation and (b) any
other person that after the Closing Date becomes a Canadian borrower under the Agreement; sometimes being referred to herein individually as a “Canadian Borrower” 
 “Canadian Borrowing Base” means, at any time, the amount equal to: 
  

	 	•	 	 the amount equal to eighty-five percent (85%) of the amount of Eligible Accounts of each Canadian Borrower, plus 

  

	 	•	 	 the amount equal to the lesser of: (A) sixty-five percent (65%) multiplied by the Value of Eligible Inventory of each Canadian Borrower,
(B) eighty-five percent (85%) of the Net Recovery Percentage multiplied by the Value of such Eligible Inventory or (C) fifty percent (50%) of the Canadian Maximum Credit, minus, 

 

	 	•	 	 the aggregate amount of reserves applicable to Canadian Borrowers, if any, established by Agent under Sections 2.1(e) and (f) of the
Agreement. 

 “Canadian Borrowing Base Certificate” means a certificate in the form of
Exhibit B-3. 
 “Canadian Collateral” means Collateral consisting of assets or interests in assets of
Canadian Loan Parties, and the proceeds thereof. 
 “Canadian Commitment” means, with respect to each Lender,
its Canadian Commitment, and, with respect to all Lenders, their Canadian Commitments, in each case as such Dollar amounts are set forth beside such Lender’s name under the applicable heading on Schedule C-1 or in the Assignment and
Acceptance pursuant to which such Lender became a Lender under the Agreement, as such amounts may be reduced or increased from time to time pursuant to assignments made in accordance with the provisions of Section 13.1 of the Agreement.

 “Canadian Dollars” or “C$” means lawful currency of Canada. 

“Canadian Dollar Denominated Loan” means a Revolving Loan denominated in Canadian Dollars. 

“Canadian Excess Availability” shall mean, as of any date of determination, the amount equal to: • the lesser of:
(i) the Canadian Borrowing Base and (ii) the Canadian Maximum Credit (in each case 

  

 
after giving effect to any applicable reserves), minus, without duplication, • the amount of the Canadian Revolver Usage. 

“Canadian Guarantors” means any Person organized under the laws of a jurisdiction in Canada that becomes a guarantor in
respect of the Canadian Obligations after the Closing Date pursuant to the Agreement; sometimes being referred to herein individually as a “Canadian Guarantor”. 
 “Canadian Lender” means, at any time, each Lender having a Canadian Commitment or a Canadian Revolving Loan owing to it or a participating interest in a Canadian Letter of Credit;
sometimes being referred to herein collectively as “Canadian Lenders”. 
 “Canadian Letter of Credit
Disbursement” means a payment by Issuing Lender or Underlying Issuer pursuant to a Canadian Letter of Credit. 

“Canadian Letter of Credit Usage” means, as of any date of determination, the aggregate undrawn amount of all
outstanding Canadian Letters of Credit. 
 “Canadian Letters of Credit” means all Letters of Credit issued for
the account of a Canadian Borrower. 
 “Canadian Loan Account” has the meaning specified therefor in
Section 2.7 of this Agreement. 
 “Canadian Loan Parties” means Canadian Borrowers and Canadian
Guarantors. 
 “Canadian Maximum Credit” means the US Dollar Equivalent of $25,000,000, as decreased by the
amount of reductions in the Canadian Commitments in accordance with Section 2.3(c) of the Agreement or increased by the amount of increases in the Canadian Commitments in accordance with Section 2.12 of the Agreement.

 “Canadian Obligations” means all Obligations of Canadian Borrowers. 

“Canadian Pension Plan” means any plan, program or arrangement that is a pension plan for the purposes of any applicable
pension benefits legislation or any tax laws of Canada or a Province thereof, whether or not registered under any such laws, which is maintained or contributed to by, or to which there is or may be an obligation to contribute by, any Borrower or
Guarantor in respect of any Person’s employment in Canada with such Borrower or Guarantor. 
 “Canadian Revolver
Usage” means, as of any date of determination, the sum of (a) the principal amount of outstanding Loans to Canadian Borrowers, plus (b) the amount of the Canadian Letter of Credit Usage. 

“Canadian Revolving Loans” has the meaning specified therefor in Section 2.1(b) of the Agreement.

 “Canadian Security Agreement” means the Security agreement, dated of even date herewith, in form and
substance reasonably satisfactory to Agent, executed and delivered by the Canadian Loan Parties. 
 “Canadian Security
Documents” means the Canadian Security Agreement, the Quebec Hypothec and any other Loan Document that grants or purports to grant a Lien on any Canadian Collateral. 

 “Canadian Swing Loan Limit” means $5,000,000; provided, that,
the aggregate amount of US Swing Loans and Canadian Swing Loans at any time outstanding shall not exceed $50,000,000. 

“Canadian Swing Loan” has the meaning specified therefor in Section 2.2(b)(ii) of the Agreement. 

“Canadian Underlying Letter of Credit” means a Canadian Letter of Credit issued by an Underlying Issuer. 

“Capital Expenditures” means, with respect to any Person for any period, the aggregate of all expenditures by such
Person and its Subsidiaries during such period that are capital expenditures as determined in accordance with GAAP, whether such expenditures are paid in cash or financed (excluding • for purposes only of Section 7.2 of the
Agreement, normal replacements and maintenance which are properly charged to current operations, • any such expenditure to the extent constituting a Permitted Acquisition or made with the proceeds of any sale or other disposition of fixed
assets (so long as such proceeds are applied (or committed to be applied pursuant to a written purchase order or contract) within one year of such sale), • expenditures made from insurance proceeds or condemnation awards, and •
expenditures that are accounted for as capital expenditures of such Person and that are actually paid for by a non-Affiliate third party). 
 “Capitalized Lease Obligation” means that portion of the obligations under a Capital Lease that is required to be capitalized in accordance with GAAP. 

“Capital Lease” means a lease that is required to be capitalized for financial reporting purposes in accordance with
GAAP. 
 “Cash Dominion Event” means at any time (a) the Excess Availability Conditions are not satisfied
or (b) an Event of Default shall occur and be continuing; provided, that, (i) to the extent that the Cash Dominion Event has occurred due to clause (a) of this definition, if the Excess Availability Conditions are
satisfied for at least sixty (60) consecutive days, the Cash Dominion Event shall no longer be deemed to exist or be continuing until such time as the Excess Availability Conditions may again not be satisfied and (ii) a Cash Dominion Event
may not be cured as contemplated by clause (i) more than two (2) times in any twelve (12) month period. 

“Cash Equivalents” means any of the following Investments: • securities issued or directly and fully guaranteed or
insured by the United States or any agency or instrumentality thereof (provided that the full faith and credit of the United States is pledged in support thereof) maturing not more than one year after the date of acquisition; • time deposits in
and certificates of deposit of any Eligible Bank, provided that such Investments have a maturity date not more than two (2) years after date of acquisition and that the average term of all such Investments is one (1) year or less from the
respective dates of acquisition; • repurchase obligations with a term of not more than one hundred eighty (180) days for underlying securities of the types described in clause (a) above entered into with any Eligible Bank; •
direct obligations issued by any state of the United States or any political subdivision or public instrumentality thereof, provided, that, such Investments mature, or are subject to tender at the option of the holder thereof, within three hundred
sixty-five (365) days after the date of acquisition and, at the time of acquisition, have a rating of at least A from Standard & Poor’s Rating Group (“S&P”) or A-2 from Moody’s Investors Service, Inc.
(“Moody’s”), or an equivalent rating by any other nationally recognized rating agency; • commercial paper of any Person other than an Affiliate of Parent and other than structured investment vehicles, provided, that, such
Investments have one of the two highest ratings obtainable from either S&P or Moody’s and mature within one hundred eighty (180) days after the date of acquisition; • overnight and demand deposits in and bankers’ acceptances
of any Eligible Bank and demand deposits in any bank or trust company to the extent insured by the Federal Deposit Insurance 

 
Corporation against the Bank Insurance Fund; • money market funds substantially all of the assets of which comprise Investments of the types described in clauses (a) through (f); •
instruments equivalent to those referred to in clauses (a) through (g) above or funds equivalent to those referred to in clause (g) above denominated in U.S. dollars, Euros or any other foreign currency comparable in credit quality
and tenor to those referred to in such clauses and customarily used by corporations for cash management purposes in jurisdictions outside the United States to the extent reasonably required in connection with any business conducted by any Restricted
Subsidiary organized in such jurisdiction, all as determined in good faith by Parent; and • investments with guaranteed principal approved by the board of directors of Parent consisting of investments in GE Interest Plus, so long as such
Investments are rated at least “A-2” by Moody’s or at least “A” by S&P. “Eligible Bank” means a Lender or any Affiliate of a Lender or such other bank or trust company that (i) is licensed,
chartered or organized and existing under the laws of the United States of America or Canada, or any state, territory, province or possession thereof, (ii) as of the time of the making or acquisition of an Investment in such bank or trust
company, has combined capital and surplus in excess of $500,000,000 and (iii) the senior Indebtedness of which is rated at least “A-2” by Moody’s or at least “A” by S&P. 

“Cash Management Services” means any cash management or related services including treasury, depository, return items,
overdraft, controlled disbursement, merchant store value cards, e-payables services, electronic funds transfer, interstate depository network, automatic clearing house transfer (including the Automated Clearing House processing of electronic funds
transfers through the direct Federal Reserve Fedline system) and other cash management arrangements. 
 “CCAA”
means the Companies’ Creditors Arrangement Act, R.S.C. 1985, c.C-36, as the same now exists or may from time to time hereafter be amended, modified, recodified or supplemented, together with all official rules, regulations and interpretations
thereunder or related thereto. 
 “CDOR” means, on any day, the annual rate of interest which is the rate equal
to the average rate for Canadian Dollar bankers’ acceptances issued on such day for a term equal or comparable to the applicable Interest Period or, if no Interest Period is specified, thirty (30) days) for the purpose of calculating the
interest rate applicable as such rate appears on the “Reuters Screen CDOR Page” (as defined in the International Swaps and Derivatives Association, Inc. 2000, definitions, as modified and amended from time to time) rounded to the nearest
1/100th of 1% (with 0.005% being rounded up), as of 10:00 a.m. (Toronto, Ontario time) on such day, or if such day is not a Business Day, then on the immediately preceding Business Day; provided, that, if such rate does not appear on the Reuters
Screen CDOR Page as contemplated, then the CDOR Rate on any day shall be the average of the rates applicable to Canadian Dollar bankers’ acceptances having an equivalent term quoted by the Schedule I Canadian chartered banks as of 10:00 a.m.
(Toronto, Ontario time) on such day, or if such day is not a Business Day, then on the immediately preceding Business Day. 

“CERCLA” means the Comprehensive Environmental Response, Compensation and Liability Act of 1980. 

“CERCLIS” means the Comprehensive Environmental Response, Compensation and Liability Information System maintained by
the U.S. Environmental Protection Agency. 
 “CFC” means a controlled foreign corporation (as that term is
defined in the IRC). 
 “CFC Holding Company” means any Subsidiary of the Parent which is a Domestic Subsidiary
that has no material assets or material operations other than the Equity Interests of a CFC. 
 “Change of
Control” means: 

  

	 	•	 	 any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act, but excluding any employee benefit
plan of such person or its subsidiaries, and any person or entity acting in its capacity as trustee, agent or other fiduciary or administrator of any such plan) becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the
Exchange Act, except that a person or group shall be deemed to have “beneficial ownership” of all securities that such person or group has the right to acquire, whether such right is exercisable immediately or only after the passage of
time (such right, an “option right”)), directly or indirectly, of thirty percent (30%) or more of the equity securities of Parent entitled to vote for members of the board of directors or equivalent governing body of Parent on
a fully-diluted basis (and taking into account all such securities that such “person” or “group” has the right to acquire pursuant to any option right); or 

 

	 	•	 	 during any period of twelve (12) consecutive months, a majority of the members of the board of directors or other equivalent governing body of
Parent cease to be composed of individuals (i) who were members of that board or equivalent governing body on the first day of such period, (ii) whose election or nomination to that board or equivalent governing body was approved by
individuals referred to in clause (i) above constituting at the time of such election or nomination at least a majority of that board or equivalent governing body or (iii) whose election or nomination to that board or other equivalent
governing body was approved by individuals referred to in clauses (i) and (ii) above constituting at the time of such election or nomination at least a majority of that board or equivalent governing body (excluding, in the case of both
clause (ii) and clause (iii), any individual whose initial nomination for, or assumption of office as, a member of that board or equivalent governing body occurs as a result of an actual or threatened solicitation of proxies or consents for the
election or removal of one or more directors by any person or group other than a solicitation for the election of one or more directors by or on behalf of the board of directors); or 

 

	 	•	 	 except as otherwise expressly permitted herein, Parent shall cease to be the direct or indirect holder and owner of one hundred percent (100%) of
the Equity Interests of Borrowers; or 

  

	 	•	 	 a “change of control” or any comparable term under, and as defined in, the Term Loan Credit Agreement, the 2015 Notes, the 2020 Notes or
other Indebtedness outstanding in an aggregate principal amount in excess of $35,000,000 shall have occurred. 

“Closing Date” means the date of the making of the initial Revolving Loan (or other extension of credit) under the
Agreement. 
 “Code” means the New York Uniform Commercial Code, as in effect from time to time. 

“Collateral” means all assets and interests in assets and proceeds thereof now owned or hereafter acquired by any Loan
Party in or upon which a Lien is granted by such Person in favor of Agent or the Lenders under any of the Loan Documents. 

“Collateral Access Agreement” means a landlord waiver, bailee letter, or acknowledgement agreement of any lessor,
warehouseman, processor, consignee, or other Person in possession of, having a Lien upon, or having rights or interests in Parent’s or its Subsidiaries’ books and records, Equipment, or Inventory, in each case, in form and substance
reasonably satisfactory to Agent. 
 “Collections” means all cash, checks, notes, instruments, and other items
of payment (including insurance proceeds, cash proceeds of asset sales, rental proceeds, and tax refunds). 

“ColorMatrix Acquisition” means the merger of ColorNewton, Inc., a Delaware corporation and wholly-owned Subsidiary of
Parent with ColorMatrix Group, Inc., with ColorMatrix Group, Inc. as the 

  

 
surviving corporation and the surviving corporation being a wholly-owned Subsidiary of Parent pursuant to the ColorMatrix Acquisition Documents. 

“ColorMatrix Acquisition Agreement” means the Agreement and Plan of Merger, dated as of September 30, 2011, by and
among ColorMatrix Group, Inc., Audax ColorMatrix Holdings, LLC, 2011 ColorNewton, Inc. and PolyOne Corporation. 

“ColorMatrix Acquisition Documents” means the ColorMatrix Acquisition Agreement and all other documents related thereto
and executed in connection therewith. 
 “Commitment” means, with respect to each Lender, its US Commitment or
Canadian Commitment, as applicable, and, with respect to all Lenders, their US Commitments or Canadian Commitments, as applicable. 
 “Commitment Letter” means the Commitment Letter, dated September 30, 2011, by and among WFCF, the Arrangers and Parent. 

“Compliance Certificate” means a certificate substantially in the form of Exhibit C-1 delivered by the chief
financial officer of Administrative Borrower to Agent. 
 “Confidential Information” has the meaning specified
therefor in Section 17.9(a) of the Agreement. 
 “Consolidated EBITDA” means, at any date of
determination, an amount equal to Consolidated Net Income of Parent and its Restricted Subsidiaries on a consolidated basis for the most recently completed twelve (12) consecutive fiscal months plus • the following to the extent deducted
in calculating such Consolidated Net Income: • Consolidated Interest Expense, • the provision for Federal, State, local and foreign income taxes payable, • depreciation and amortization expense, • other non-recurring expenses
reducing such Consolidated Net Income of which the aggregate amount of cash items shall not exceed the lesser of three percent (3%) of Consolidated EBITDA for such period or $7,500,000 (provided, that, the aggregate amount of the non-recurring
expenses consisting of cash items referred to in this clause (iv), plus the amount of environmental remediation costs and expenses under clause (xvii) below shall not exceed $12,000,000) or do not represent a cash item in such period or any
future period, excluding write-offs or write-downs of receivables or inventory, • non-cash compensation expense in respect of stock option plans, restricted stock and other employee equity compensation plans, • non-cash goodwill or other
intangible asset impairment charges and write-offs of goodwill and other intangible assets, in each case, pursuant to ASC 350 or any similar rule announced by the Financial Accounting Standards Board, • fees and expenses (including without
limitation, prepayment fees and expenses associated with the repayment, redemption or discharge of any indebtedness of the business of Coloratrix Group, Inc. and its Subsidiaries) incurred in connection with (A) if incurred prior to or within
ninety (90) days after the Closing Date, the Transactions, or (B) the Agreement and the other Loan Documents related to amendments and waivers thereof, including any legal fees in connection therewith, • non-cash restructuring
charges, • non-cash effects of changes in accounting principles, • losses from asset sales not in the ordinary course of business, • non-cash losses on the early extinguishment of Indebtedness, • non-cash purchase accounting
charges required by ASC 805 or any similar rule announced by the Financial Accounting Standards Board, • non-cash unrealized losses and charges with respect to Hedging Agreements, including such losses and charges which arise from foreign
currency losses, • other non-cash items to the extent such non-cash items are not accruals for future payments, • foreign currency translation losses, • non-recurring cash costs and expenses relating to the assimilation and
integration of the business of Colormatrix Group, Inc. and its Subsidiaries incurred on or prior to February 28, 2013 in 

  

 
an aggregate amount not to exceed $5,000,000 (in each case, of or by Parent and its Subsidiaries for such period) and • environmental remediation costs and expenses not to exceed $7,000,000
per fiscal year related to the Real Property at the locations set forth on Schedule C-2, provided, that, (A) the aggregate amount of the non-recurring expenses consisting of cash items referred to in clause (iv) above, plus the
amount of environmental remediation costs and expenses under this clause (xvii) shall not exceed $12,000,000 and (B) to the extent that such environmental remediation costs and expenses in any fiscal year commencing with the fiscal year
ending December 31, 2012 are less than $7,000,000, then such limit for the immediately following year shall be increased by up to $1,000,000 of such difference; and minus • the following to the extent included in calculating such
Consolidated Net Income: (i) Federal, State, Provincial, local and foreign income tax credits; (ii) interest income, (ii) any gains from asset sales not in the ordinary course of business, (iii) non-cash effects of changes in
accounting principles, (iv) non-cash gains on the early extinguishment of Indebtedness, (v) non-cash unrealized gains with respect to Hedging Agreements, (vi) other non-cash income or gains, and (vii) foreign currency translation
gains (in each case of or by Parent and its Restricted Subsidiaries for such period). 
 “Consolidated Interest
Expense” means, for any period, as to any Person, as determined in accordance with GAAP, the amount equal to the consolidated interest expense of such Person for such period, whether paid or accrued (including capitalized interest with
respect to Fixed Charges for such period), excluding to the extent related to the Transactions, all prepayment of any original issue discount and all upfront and arrangement fees due and payable on the Closing Date and all prepayment fees and
expenses associated with the repayment, redemption or discharge of any indebtedness of the ColorMatrix Group, Inc. 

“Consolidated Net Income” means, at any date of determination, the net income (or loss) of Parent and its Restricted
Subsidiaries, on a consolidated basis, for the relevant period determined in accordance with GAAP; provided, that, Consolidated Net Income shall exclude (a) extraordinary gains and extraordinary losses (and any associated tax
benefits or costs) for such period, (b) gains or losses in respect of any sale, transfer, exclusive license, lease or other disposition (including any sale and leaseback transaction) of any property by Parent or any of its Restricted
Subsidiaries, including any sale, assignment, transfer or other disposal, with or without recourse, of any notes or accounts receivable or any rights and claims associated therewith (net of fees and expenses relating to the transaction giving rise
thereto), on an after-tax basis and (c) the net income of any Subsidiary during such period to the extent that the declaration or payment of dividends or similar distributions by such Subsidiary of such income is not permitted by operation of
the terms of its Governing Documents or any agreement, instrument or Law applicable to such Subsidiary during such period, except that the Parent’s equity in any net loss of any such Subsidiary for such period shall be included in determining
Consolidated Net Income. 
 “Control Agreement” means a control agreement, in form and substance reasonably
satisfactory to Agent, executed and delivered by a Borrower or one of its Subsidiaries, Agent, and the applicable securities intermediary (with respect to a Securities Account) or bank (with respect to a Deposit Account). 

“Controlled Account Agreement” has the meaning specified therefor in the Security Agreement. 

“Copyright Security Agreement” has the meaning specified therefor in the Security Agreement. 

“Currency Due” has the meaning specified in Section 17.15 of this Agreement. 

“Daily Balance” means, as of any date of determination and with respect to any Obligation, the amount of such Obligation
owed at the end of such day. 

  

 “Default” means an event, condition, or default that, with the giving of
notice, the passage of time, or both, would be an Event of Default. 
 “Defaulting Lender” means, subject to
Section 2.13(b), any Lender that (a) has failed to (i) fund all or any portion of its Revolving Loans or participations in Swing Loans, Protective Advances or Letters of Credit within two (2) Business Days of the date any
of the foregoing were required to be funded by it hereunder unless such Lender notifies Agent and Administrative Borrower in writing that such failure is the result of such Lender’s determination that one or more conditions precedent to funding
(which conditions precedent, together with the applicable default, if any, shall be specifically identified in such writing) has not been satisfied, or (ii) pay to Agent, any Issuing Lender, any Swing Lender or any other Lender any other amount
required to be paid by it hereunder (including in respect of its participation in Letters of Credit or Swing Loans) within two (2) Business Days of the date when due, (b) has notified Administrative Borrower, Agent or any Issuing Lender or
Swing Lender in writing that it does not intend to comply with its funding obligations hereunder, or has made a public statement to that effect (unless such writing or public statement relates to such Lenders’ obligation to fund a Revolving
Loan hereunder and states that such position is based on such Lender’s determination that a condition precedent to funding (which condition precedent, together with the applicable default, if any, shall be specifically identified in such
writing or public statement) cannot be satisfied), (c) has failed, within three (3) Business Days after written request by Agent or Administrative Borrower, to confirm in writing to Agent and Administrative Borrower that it will comply
with its prospective funding obligations hereunder (provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such written confirmation by Agent and Administrative Borrower), or (d) has, or
has a direct or indirect parent company that has, (i) become the subject of a proceeding under the Bankruptcy Code or any other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement,
receivership, insolvency, reorganization or similar debtor relief laws of the United States or other applicable jurisdiction, or (ii) had appointed for it a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of
creditors or similar Person charged with reorganization or liquidation of its business or assets, including the Federal Deposit Insurance Corporation or any other state or federal regulatory authority acting in such a capacity; provided that a
Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not
result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority or
instrumentality) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender. Any determination by Agent that a Lender is a Defaulting Lender under clauses (a) through (d) above shall be conclusive and
binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to Section 2.13(b)) upon delivery of written notice of such determination to Administrative Borrower, each Issuing Lender, each Swing
Lender and each Lender. 
 “Defaulting Lender Rate” means • for the first three (3) days from and
after the date the relevant payment is due, the Base Rate, and • thereafter, the interest rate then applicable to Revolving Loans that are Base Rate Loans (inclusive of the Applicable Margin applicable thereto). 

“Deposit Account” means any deposit account (as that term is defined in the Code). 

“Designated Account” means the Deposit Account of Administrative Borrower identified on Schedule D-1. 

“Designated Account Bank” has the meaning specified therefor in Schedule D-1. 

  

 “Disqualified Equity Interest” means, with respect to any Person, any
Equity Interest in such Person that, by its terms (or by the terms of any security into which it is convertible or for which it is exchangeable, either mandatorily or at the option of the holder thereof) or upon the happening of any event or
condition: 
  

	 	•	 	 matures or is mandatorily redeemable (other than solely for Equity Interests in such Person that do not constitute Disqualified Equity Interests and
cash in lieu of fractional shares of such Equity Interests), whether pursuant to a sinking fund obligation or otherwise; 

  

	 	•	 	 is convertible or exchangeable at the option of the holder thereof for Indebtedness or Equity Interests (other than solely for Equity Interests in such
Person that do not constitute Disqualified Equity Interest and cash in lieu of fractional shares of such Equity Interests); or 

  

	 	•	 	 is redeemable (other than solely for Equity Interests in such Person that do not constitute Disqualified Equity Interest and cash in lieu of fractional
shares of such Equity Interests) or is required to be repurchased by such Person or any of its Affiliates, in whole or in part, at the option of the holder thereof; 

 in each case, on or prior to the date that is ninety-one (91) days after the Maturity Date; provided, that, an Equity Interest that would not constitute a Disqualified Equity Interest
but for terms thereof giving holders thereof the right to require such Person to redeem or purchase such Equity Interest upon the occurrence of an “asset sale” or a “change of control” shall not constitute a Disqualified Equity
Interest if any such requirement becomes operative only after repayment in full in cash of all of the Obligations, the cancellation or expiration of all Letters of Credit and the termination of the Commitments. 

“Dollars” or “$” means lawful currency of the United States. 

“Domestic Subsidiary” means any direct or indirect Subsidiary of a Loan Party other than a Foreign Subsidiary.

 “Eligible Accounts” means those Accounts created by any Borrower in the ordinary course of its business,
that arise out of the sale of goods or rendition of services by such Borrower, as the case may be, that comply with each of the representations and warranties respecting Eligible Accounts made in the Loan Documents, and that are not excluded from
being Eligible Accounts as a result of the failure to satisfy any of the criteria set forth below. In determining the amount to be included, Eligible Accounts shall be calculated net of customer deposits, taxes, discounts, credits, allowances,
rebates and unapplied cash. Eligible Accounts shall not include the following: 
  

	 	•	 	 Accounts that the Account Debtor has failed to pay within one hundred and twenty (120) days of the original invoice date, within sixty
(60) days of the original due date or Accounts with payment terms of more than ninety (90) days, 

  

	 	•	 	 Accounts owed by an Account Debtor (or its affiliates) where fifty percent (50%) percent or more of all Accounts owed by that Account Debtor (or
its affiliates) are deemed ineligible under clause (a) above, 

  

	 	•	 	 Accounts with respect to which the Account Debtor is an Affiliate of a Borrower or an employee or agent of a Borrower or any affiliate of a Borrower,

  

	 	•	 	 Accounts arising in a transaction wherein goods are placed on consignment or are sold pursuant to a guaranteed sale, a sale or return, a sale on
approval, a bill and hold, or any other terms by 

  

	 	 
reason of which the payment by the Account Debtor may be conditional; except, that, up to $10,000,000 at any time outstanding of Accounts arising from transactions under which the
subject goods are pre-billed by not more than five (5) days prior the shipping date and are shipped by a Borrower FOB destination and which otherwise satisfy all of the requirements of this definition of Eligible Accounts shall constitute
Eligible Accounts hereunder, 

  

	 	•	 	 Accounts that are not payable in Dollars or Canadian Dollars, 

 

	 	•	 	 Accounts with respect to which the Account Debtor either (i) does not maintain its chief executive office in the United States or Canada unless
such Accounts are Eligible Foreign Accounts, or (ii) is not organized under the laws of the United States or Canada or any state or province thereof unless such Accounts are Eligible Foreign Accounts, or (iii) is the government of any
foreign country or sovereign state, or of any state, province, municipality, or other political subdivision thereof, or of any department, agency, public corporation, or other instrumentality thereof, unless the Account is supported by an
irrevocable letter of credit reasonably satisfactory to Agent (as to form, substance, and issuer or domestic confirming bank) that has been delivered to Agent and is directly drawable by Agent, 

 

	 	•	 	 Accounts with respect to which the Account Debtor is either (i) the United States or Canada or any department, agency, or instrumentality thereof
(other than Accounts with respect to which Borrowers have complied, to the reasonable satisfaction of Agent, with the Assignment of Claims Act, 31 USC §3727 or the Financial Administration Act (Canada)), or (ii) any State of the United
States or province or territory of Canada, 

  

	 	•	 	 Accounts with respect to which the Account Debtor is a creditor of a Borrower, has or has asserted a right of setoff, or has disputed its obligation to
pay all or any portion of the Account, to the extent of the amount of such claim, right of setoff, or dispute, 

  

	 	•	 	 Accounts with respect to an Account Debtor whose total obligations owing to Borrowers exceed ten percent (10%) of all Eligible Accounts, to the
extent of the obligations owing by such Account Debtor in excess of such percentage; provided, that, in each case, the amount of Eligible Accounts that are excluded because they exceed the foregoing percentage shall be determined by
Agent based on all of the otherwise Eligible Accounts prior to giving effect to any eliminations based upon the foregoing concentration limit, 

  

	 	•	 	 Accounts with respect to which the Account Debtor is subject to an Insolvency Proceeding, is not solvent, has gone out of business, or as to which a
Borrower has received notice of an imminent Insolvency Proceeding or a material impairment of the financial condition of such Account Debtor, 

  

	 	•	 	 Accounts, the collection of which, Agent, in its Permitted Discretion, believes to be doubtful by reason of the Account Debtor’s financial
condition, 

  

	 	•	 	 Accounts that are not subject to the valid and perfected first priority Agent’s Lien, other than, as to priority, the Permitted Liens under clause
(c) to the extent such Liens may apply to Accounts, 

  

	 	•	 	 Accounts that are subject to any lien other than Agent’s Lien or those permitted in clauses (b) and (c) of the definition of the term
Permitted Liens (but only to the extent that Agent has established a reserve in respect thereof) and any other liens permitted under this Agreement that are subject to an intercreditor agreement in form and substance reasonably satisfactory to Agent
between the holder of such security interest or lien and Agent, 

  

	 	•	 	 Accounts with respect to which (i) the goods giving rise to such Account have not been shipped and billed to the Account Debtor, or (ii) the
services giving rise to such Account have not been performed and billed to the Account Debtor, 

  

	 	•	 	 Accounts with respect to which the Account Debtor is a Sanctioned Person or Sanctioned Entity, or 

 

	 	•	 	 Accounts that represent the right to receive progress payments or other advance billings that are due prior to the completion of performance by
Borrowers of the subject contract for goods or services. 

 The criteria for Eligible Accounts set forth above
may only be changed and any new criteria for Eligible Accounts may only be established by Agent based on either: (i) an event, condition or other circumstance arising after the Closing Date, or (ii) an event, condition or other
circumstance existing on the Closing Date to the extent that such event, condition or circumstance has not been identified by a Borrower to the field examiners of Agent prior to the Closing Date (except to the extent that it may have been identified
but Agent, in consultation with Borrowers, has intentionally elected not to establish a reserve with respect thereto as of the Closing Date), in either case under clause (i) or (ii) which adversely affects or could reasonably be expected
to adversely affect the Accounts as determined by Agent in its Permitted Discretion. Any Accounts that are not Eligible Accounts shall nevertheless be part of the Collateral. For avoidance of doubt, any Accounts determined ineligible under more than
one clause above shall be calculated without duplication. 
 “Eligible Domestic In-Transit Inventory” means
Inventory that would otherwise be Eligible Inventory (other than for its location) that has been shipped from a location of any Borrower or from the manufacturer or wholesale distributor thereof within the United States or Canada for receipt at a
location of any Borrower within the United States or Canada and permitted hereunder, within thirty (30) days of shipment, but in either case, which has not yet been delivered to such Borrower, for which the purchase order is in the name of a
Borrower, title has passed to such Borrower (and Agent has received such evidence thereof as it has requested) and which is insured in accordance with the terms of the Agreement; provided, that, the aggregate amount of Inventory
constituting Eligible Domestic In-Transit Inventory for purposes of the calculation of the Borrowing Base at any time will not exceed $7,000,000. 
 “Eligible Foreign Account Debtor” means a Subsidiary of each of the following entities, which Subsidiary does not maintain its chief executive office in the United States or is not
organized under the laws of any State of the United States: (a) Whirlpool Corporation, (b) PPG Industries, (c) Valspar Corporation, (d) Corning Inc., (e) 3M Company, (f) Dow Chemical Company, (g) Meadwestvaco
Corporation, (h) Avery Dennison Corporation, (i) Baxter International, (j) The Procter & Gamble Company and (k) Stanley Black & Decker, Inc. 

“Eligible Foreign Accounts” means Accounts that would otherwise be Eligible Accounts (other than for the Account Debtor
of such Account not maintaining its chief executive office in the United States or not being organized under the laws of the United States or any state thereof) for which the Account Debtor is an Eligible Foreign Account Debtor; provided,
that, (a) such Accounts are invoiced from the United States and payable in US Dollars, (b) such Eligible Foreign Account Debtor maintains a rating from S&P of BBB- or better and (c) the aggregate amount of Accounts
constituting Eligible Foreign Accounts for purposes of the calculation of the Borrowing Base at any time will not exceed $15,000,000. 
 “Eligible Inventory” means Inventory owned by any Borrower consisting of finished goods held for sale in the ordinary course of its business and raw materials for such finished goods,
that complies 

  

 
with each of the representations and warranties respecting Eligible Inventory made in the Loan Documents, and that is not excluded from being Eligible Inventory as a result of the failure to
satisfy any of the criteria set forth below. In determining the amount to be so included, Inventory shall be valued at the lower of cost or market on a basis consistent with historical accounting practices of Borrowers, without regard to
intercompany profit or increases for currency exchange rates. An item of Inventory shall not be included in Eligible Inventory if: 
  

	 	•	 	 a Borrower does not have good and valid title thereto, 

 

	 	•	 	 a Borrower does not have actual and exclusive possession thereof (either directly or through a bailee or agent of Borrowers),

  

	 	•	 	 it is not located at one of the Borrower’s owned or leased locations in the continental United States or Canada, 

 

	 	•	 	 it is in-transit to or from a location of a Borrower (other than in-transit between a Borrower’s location in the continental United States or
Canada and another Loan Party’s location in the continental United States or Canada) unless such Inventory is Eligible Domestic In-Transit Inventory, 

 

	 	•	 	 it is located on real property leased by a Borrower (unless Agent has a received a satisfactory Collateral Access Agreement executed by the lessor with
respect thereto or established a reserve in respect thereof) or in a contract warehouse (unless Agent has received a satisfactory Collateral Access Agreement executed by the warehouseman with respect thereto or established a reserve in respect
thereof and is segregated or otherwise separately identifiable from goods of others, if any, stored on the premises of such warehouse) unless such Inventory is Eligible Domestic In-Transit Inventory; 

 

	 	•	 	 it is the subject of a bill of lading or other document of title (other than the same delivered to Agent as to goods in transit between locations of
Loan Parties as provided in clause (d) above), 

  

	 	•	 	 subject to clause (h) below, it is not subject to the valid and perfected first priority Lien of Agent, 

 

	 	•	 	 it is subject to any Lien other than Agent’s Lien and those permitted in clauses (b), (c) or (d) of the definition of Permitted Liens
(but only to the extent that Agent has established a reserve in respect thereof) and any other liens permitted under this Agreement that are subject to an intercreditor agreement in form and substance reasonably satisfactory to Agent between the
holder of such Lien and Agent, 

  

	 	•	 	 it consists of goods returned or rejected by a Borrower’s customer, 

 

	 	•	 	 it consists of goods that are obsolete or slow moving, restrictive or custom items, work-in-process, or goods that constitute spare parts, packaging
and shipping materials, supplies used or consumed in Borrowers’ business, bill and hold goods, defective goods, “seconds,” or Inventory acquired on consignment, 

 

	 	•	 	 it contains or bears any intellectual property rights licensed to such Borrower unless Agent is satisfied that it may sell or otherwise dispose of such
Inventory without • infringing the rights of such licensor, • violating any contract with such licensor, • incurring any liability with respect to the payment of royalties other than royalties incurred pursuant to the
sale of such Inventory under the current licensing agreement (provided, that, as of the date hereof based on the information received by Agent 

  

	 	 
prior to the date hereof, the only license agreements that restrict Agent’s ability to dispose of any Inventory are those that Agent has identified to Administrative Borrower on or prior to
the date hereof), or 

  

	 	•	 	 it was acquired in connection with a Permitted Acquisition, until the completion of an appraisal and field examination of such Inventory, in each case,
reasonably satisfactory to Agent (which appraisal and field examination may be conducted prior to the closing of such Permitted Acquisition). 

 The criteria for Eligible Inventory set forth above may only be changed and any new criteria for Eligible Inventory may only be established by Agent based on either: (i) an event, condition or other
circumstance arising after the Closing Date, or (ii) an event, condition or other circumstance existing on the Closing Date to the extent that such event, condition or circumstance has not been identified by a Borrower to the field examiners of
Agent prior to the Closing Date (except to the extent that it may have been identified but Agent, in consultation with Borrowers, has intentionally elected not to establish a reserve with respect thereto as of the Closing Date), in either case under
clause (i) or (ii) which adversely affects or could reasonably be expected to adversely affect the Inventory as determined by Agent in its Permitted Discretion. Any Inventory that is not Eligible Inventory shall nevertheless be part of the
Collateral. For avoidance of doubt, any Inventory determined ineligible under more than one clause above shall be calculated without duplication. 
 “Eligible Transferee” means • a commercial bank organized under the laws of the United States, or Canada or any state or province thereof, and having total assets in excess of
$500,000,000, • a commercial bank organized under the laws of any other country which is a member of the Organization for Economic Cooperation and Development or a political subdivision of any such country and which has total assets in
excess of $500,000,000, provided that such bank is acting through a branch or agency located in the United States, • a finance company, insurance company, or other financial institution or fund that is engaged in making, purchasing, or
otherwise investing in commercial loans in the ordinary course of its business and having (together with its Affiliates) total assets in excess of $500,000,000, • any Affiliate (other than individuals) of a pre-existing Lender, and
• any other Person approved by Agent. Nothing in this definition shall be construed to affect the rights of Administrative Borrower to consent to any assignment of any Lender’s rights and obligations under the Agreement to an Eligible
Transferee in accordance with Section 13.1 of the Agreement. 
 “Environmental Law” means any and all
Federal, State, Provincial, local, and foreign statutes, laws, regulations, ordinances, rules, judgments, orders, decrees, permits, concessions, grants, franchises, licenses, agreements or governmental restrictions relating to pollution and the
protection of the environment or the release of any materials into the environment, including those related to hazardous substances or wastes, air emissions and discharges to waste or public systems. 

“Environmental Liabilities” means any liability, contingent or otherwise (including any liability for damages, costs of
environmental remediation, fines, penalties or indemnities), of the Borrowers, any other Loan Party or any of their respective Subsidiaries directly or indirectly resulting from or based upon (a) violation of any Environmental Law, (b) the
generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened release of any Hazardous Materials into the environment or
(e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing. 
 “Environmental Permit” means any permit, approval, identification number, license or other authorization required under any Environmental Law. 

  

 “Equipment” means equipment (as that term is defined in the Code).

 “Equity Interests” shall mean, with respect to any Person, all of the shares, interests, participations or
other equivalents (however designated) of such Person’s capital stock or partnership, limited liability company or other equity, ownership or profit interests at any time outstanding, all of the warrants, options or other rights for the
purchase or acquisition from such Person of shares of capital stock of (or other interests in) such Person, all of the securities convertible into or exchangeable for shares of capital stock of (or other interests in) such Person or warrants, rights
or options for the purchase or acquisition from such Person of such shares (or such other interests), but excluding any interests in phantom equity plans and any debt security that is convertible into or exchangeable for such shares, and all of the
other ownership or profit interests in such Person (including partnership, member or trust interests therein), whether voting or nonvoting, and whether or not such shares, warrants, options, rights or other interests are outstanding on any date of
determination. 
 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended, and any
successor statute thereto. 
 “ERISA Affiliate” means any trade or business (whether or not incorporated) under
common control with Parent within the meaning of Section 414(b) or (c) of the IRC (and Sections 414(m) and (o) of the Code for purposes of provisions relating to Section 412 of the IRC). 

“ERISA Event” means (a) a Reportable Event with respect to a Pension Plan; (b) the withdrawal of any US
Borrower or any ERISA Affiliate from a Pension Plan subject to Section 4063 of ERISA during a plan year in which such entity was a “substantial employer” as defined in Section 4001(a)(2) of ERISA or a cessation of operations that
is treated as such a withdrawal under Section 4062(e) of ERISA; (c) a complete or partial withdrawal by a US Borrower or any ERISA Affiliate from a Multiemployer Plan or notification to a US Borrower or any ERISA Affiliate that a
Multiemployer Plan is in reorganization; (d) the filing of a notice of intent to terminate a Pension Plan, or the treatment of a Pension Plan amendment as a termination under Section 4041 or 4041A of ERISA; (e) the institution by the
PBGC of proceedings to terminate a Pension Plan; (f) any event or condition which constitutes grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Pension Plan; (g) the
determination that any Pension Plan is considered an at-risk plan within the meaning of Section 430 of the Code or Section 303 of ERISA; or (h) the imposition of any liability under Title IV of ERISA, other than for PBGC premiums
due but not delinquent under Section 4007 of ERISA, upon Parent or any ERISA Affiliate. 
 “Event of
Default” has the meaning specified therefor in Section 8 of the Agreement. 
 “Excess
Availability” shall mean, as of any date of determination, the sum of US Excess Availability plus Canadian Excess Availability. 
 “Excess Availability Conditions” means at any time that either (a) Excess Availability is less than ten percent (10%) of the Maximum Credit for any one (1) Business Day,
(b) US Excess Availability is less than seven and one-half percent (7.5%) of the Maximum Credit for any one (1) Business Day, (c) Excess Availability is less than twelve and one-half percent (12.5%) of the Maximum Credit for
any three (3) consecutive Business Days or (d) US Excess Availability is less than ten percent (10%) of the Maximum Credit for any three (3) consecutive Business Days. 

“Exchange Act” means the Securities Exchange Act of 1934, as in effect from time to time. 

 “Exchange Rate” means on any date, as determined by Agent, the spot selling
rate posted by Reuters on its website for the sale of the applicable currency for US Dollars or applicable Judgment Currency at approximately 11:00 a.m., local time, on such date; provided, that if, for any reason, no such spot rate is
being quoted, the spot selling rate shall be determined by reference to such publicly available service for displaying exchange rates as may be reasonably selected by Agent, or, in the event no such service is available, such spot selling rate shall
instead be the rate reasonably determined by Agent as the spot rate of exchange in the market where its foreign currency exchange operations in respect of the applicable currency are then being conducted, at or about 11:00 a.m., local time, on the
applicable date for the purchase of the relevant currency for delivery two (2) Business Days later. 
 “Excluded
Subsidiary” means (a) any CFC if the pledge of its assets or more than sixty-five percent (65%) of its voting shares in favor of Agent would result in adverse tax consequences to Parent, (b) any Subsidiary of a CFC,
(c) CFC Holding Company and (d) each Immaterial Subsidiary. 
 “Existing Credit Facility” means the
Amended and Restated Credit Agreement, dated as of April 4, 2007, by and among The ColorMatrix Corporation, ColorMatrix UK Holdings Ltd., certain of their Affiliates, the lenders party thereto, General Electric Capital Corporation, as US Agent
and GE Corporate Finance SAS, as European Agent, and the other agreements, documents and instruments executed in connection therewith. 
 “Existing Letters of Credit” means those letters of credit issued for the account of a Borrower by an Issuing Lender and outstanding on the Closing Date, which are described on
Schedule E-1 to the Agreement. 
 “Existing Note Secured Debt Limit” means the amount of any
Indebtedness that may be secured by Permitted Liens (as defined in the 2020 Notes Indenture) up to the amounts set forth in clause (b) of such definition thereof. As of the date hereof, the only such limitation that is applicable to the
Indebtedness under the Agreement is set forth in Section 4.12 of the 2020 Note Indenture. 
 “Existing Subordinated
Loan Agreement” means the Senior Subordinated Loan Agreement, dated as of April 4, 2007, by and among The ColorMatrix Corporation, ColorMatrix UK Holdings, Ltd., the other credit parties thereto, OFS Agency Services, LLC, as US Agent
and European Agent and the lenders party thereto. 
 “Existing Securitization Facility” means the Second
Amended and Restated Receivables Purchase Agreement, dated as of June 26, 2007, by and among PolyOne Funding Corporation, as seller, Parent, as servicer, the banks and other financial institutions party thereto, as purchasers and Citicorp
U.S.A, Inc., as agent, and the other agreements, documents and instruments executed in connection therewith. 

“FATCA” means Sections 1471, 1472, 1473 and 1474 of the IRC (and any successor thereto), the United States Treasury
Regulations promulgated thereunder and published guidance with respect thereto. 
 “Federal Funds Rate” means,
for any period, a fluctuating interest rate per annum equal to, for each day during such period, the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers,
as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so published for any day which is a Business Day, the average of the quotations for such day on such transactions received by Agent
from three Federal funds brokers of recognized standing selected by it. 
 “Fee Letter” means the fee letter,
dated of even date with the Agreement, among Borrowers and Agent, in form and substance reasonably satisfactory to Agent. 

  

 “Fixed Charge Coverage Ratio” means, for any Person and its Subsidiaries,
with respect to any date of determination, the ratio of (a) the amount equal to (i) Consolidated EBITDA of any such Person and its Subsidiaries on a consolidated basis, as of the end of a fiscal month for the immediately preceding twelve
(12) consecutive fiscal months for which Agent has received financial statements, minus (ii) Capital Expenditures of such Person and its Subsidiaries during such period to the extent not financed by a third party, to (b) Fixed Charges
of such Person and its Subsidiaries for such period. 
 “Fixed Charges” means, with respect to any fiscal
period and with respect to Parent determined on a consolidated basis in accordance with GAAP, the sum, without duplication, of (a) Consolidated Interest Expense paid in cash during such period, (b) principal payments in respect of
Indebtedness that are required to be paid during such period (excluding (i) any payments required to be made under the Term Loan Agreement based on excess cash flow, (ii) the repayment of the 2011 Notes, the 2012 Notes and the 2015 Notes
and (iii) other mandatory prepayments made with Net Cash Proceeds arising from the transaction requiring such mandatory prepayment under the terms of the applicable Indebtedness), and (c) all Federal, State, Provincial, local and foreign
income taxes paid in cash during such period, and (d) all Restricted Payments paid in cash during such period, provided, that, so long as at the time of any Restricted Payments used to purchase the common Equity Interests of
Parent, and after giving effect thereto, the aggregate amount of Excess Availability plus Qualified Cash is greater than $125,000,000 (and on and after any assets of ColorMatrix Group, Inc. or any of its Subsidiaries may be included in the Borrowing
Base, greater than $140,000,000), such Restricted Payments in an aggregate amount of up to $25,000,000 in the 2011 fiscal year of Parent and up to $50,000,000 in the 2012 fiscal year of Parent shall not be included in Fixed Charges. 

“Foreign Lender” means any Lender or Participant that is not a United States person within the meaning of IRC
Section 7701(a)(30). 
 “Foreign Subsidiary” means a direct or indirect Subsidiary of a Loan Party
organized or incorporated under the laws of a jurisdiction other than a State of the United States, the United States, the District of Columbia, a Province or Territory of Canada or Canada. 

“Fronting Exposure” means, at any time there is a Defaulting Lender, (a) with respect to any Issuing Lender, such
Defaulting Lender’s Pro Rata Share of the outstanding Letters of Credit with respect to Letters of Credit issued by such Issuing Lender other than outstanding Letters of Credit as to which such Defaulting Lender’s participation obligation
has been reallocated to other Lenders or subject to Letter of Credit Collateralization in accordance with the terms hereof, and (b) with respect to any Swingline Lender, such Defaulting Lender’s Pro Rate Share of outstanding Swing Loans
made by such Swing Lender other than Swing Loans as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders. 
 “Funding Date” means the date on which a Borrowing occurs. 

“Funding Losses” has the meaning specified therefor in Section 2.10(b)(ii) of the Agreement. 

“GAAP” means generally accepted accounting principles as in effect from time to time in the United States, consistently
applied; provided, that, all calculations relative to liabilities shall be made without giving effect to Statement of Financial Accounting Standards No. 159. 

“Governing Documents” means, with respect to any Person, the certificate or articles of incorporation, articles of
association, by-laws, certificate of formation, limited liability agreement, limited partnership agreement or other organizational documents of such Person. 

  

 “Governmental Authority” means any federal, state, local, or other
governmental or administrative body, instrumentality, board, department, or agency or any court, tribunal, administrative hearing body, arbitration panel, commission, or other similar dispute-resolving panel or body. 

“Guarantors” means, collectively, US Guarantors and Canadian Guarantors. 

“Guaranty” means the guaranty, dated of even date with the Agreement, by US Loan Parties in favor of Agent, for the
benefit of the Lender Group and the Bank Product Providers in respect of the US Obligations and the Canadian Obligations. 

“Hazardous Materials” means • substances that are defined or listed in, or otherwise classified pursuant to,
any applicable laws or regulations as “hazardous substances,” “hazardous materials,” “hazardous wastes,” “toxic substances,” or any other formulation intended to define, list, or classify substances by reason
of deleterious properties such as ignitability, corrosivity, reactivity, carcinogenicity, reproductive toxicity, or “EP toxicity”, • oil, petroleum, or petroleum derived substances, natural gas, natural gas liquids, synthetic
gas, drilling fluids, produced waters, and other wastes associated with the exploration, development, or production of crude oil, natural gas, or geothermal resources, • any flammable substances or explosives or any radioactive materials,
and • asbestos in any form or electrical equipment that contains any oil or dielectric fluid containing levels of polychlorinated biphenyls in excess of 50 parts per million. 

“Hedge Agreement” means any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate
transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward bond index transactions,
interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, or any other similar
transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and (b) any and all transactions of any
kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master
Agreement, or any other master agreement (any such master agreement, together with any related schedules, a “Master Agreement”), including any such obligations or liabilities under any Master Agreement; sometimes being collectively
referred to herein as “Hedge Agreements”. 
 “Hedge Obligations” means any and all obligations
or liabilities, whether absolute or contingent, due or to become due, now existing or hereafter arising, of Parent or its Subsidiaries arising under, owing pursuant to, or existing in respect of Hedge Agreements entered into with one or more of the
Bank Product Providers. 
 “Hedge Provider” means any Lender or any of its Affiliates; provided,
that, no such Person shall constitute a Hedge Provider unless and until Agent shall have received a Bank Product Provider Agreement from such Person, and with respect to the applicable Hedge Agreement, within ten (10) days after the
execution and delivery of such Hedge Agreement with Parent or its Subsidiaries. 
 “Hedge Termination Value”
means, in respect of any one or more Hedge Agreement, after taking into account the effect of any legally enforceable netting agreement relating to such Hedge Agreements, (a) for any date on or after the date such Hedge Agreements have been
closed out and termination value(s) determined in accordance therewith, such termination value(s), and (b) for any date prior to the date referenced in clause (a), the amount(s) determined as the mark-to-market value(s) for Hedge

  

 
Agreements, as determined based upon one or more mid-market or other readily available quotations provided by any recognized dealer in such Hedge Agreements (which may include a Lender or any
Affiliate of a Lender) or by such other method as the Hedge Provider with respect thereto may use for such purposes. 

“Immaterial Subsidiary” means, as at any date, any Subsidiary of Parent set forth on Schedule I-1 of the Agreement (as
may be amended from time to time by notice from Parent to Agent), provided, that, any Subsidiary designated as an Immaterial Subsidiary (a) did not, as of the last day of the fiscal quarter of Parent most recently ended, have
assets with a value in excess of three percent (3%) of total assets or revenues representing in excess of three percent (3%) of total revenues of Parent and its Subsidiaries, in each case, on a consolidated basis as of such date,
(b) taken together with all Immaterial Subsidiaries as of the last day of the fiscal quarter of Parent most recently ended, did not have assets with a value in excess of seven and one-half percent (7.5%) of total assets or revenues
representing in excess of seven and one-half percent (7.5%) of total revenues of Parent and its Subsidiaries, in each case, on a consolidated basis as of such date, (c) no assets of any such Subsidiary shall be included in the Borrowing
Base, and (d) no such Subsidiary shall conduct either manufacturing or sales activities. 
 “Indebtedness”
means, as to any Person at a particular time, without duplication, all of the following, whether or not included as indebtedness or liabilities in accordance with GAAP: 
  

	 	•	 	 all obligations of such Person for borrowed money and all obligations of such Person evidenced by bonds (other than surety or similar bonds),
debentures, notes, loan agreements or other similar instruments; 

  

	 	•	 	 the maximum amount of all direct or contingent obligations of such Person arising under letters of credit (including standby and commercial),
bankers’ acceptances, bank guaranties, surety bonds and similar instruments; 

  

	 	•	 	 the Hedge Termination Value of any Hedge Agreement; 

  

	 	•	 	 all obligations of such Person to pay the deferred purchase price of property or services (other than (i) current trade accounts payable in the
ordinary course of business in accordance with customary trade practices and (ii) earnouts or similar obligations unless and until such amounts are earned); 

 

	 	•	 	 indebtedness of others (excluding prepaid interest thereon) secured by a Lien on property owned or being purchased by such Person (including
indebtedness arising under conditional sales or other title retention agreements), whether or not such indebtedness shall have been assumed by such Person or is limited in recourse; 

 

	 	•	 	 all obligations of such Person in respect of Capital Leases and all monetary obligations of such Person under (i) a so-called synthetic,
off-balance sheet or tax retention lease, or (ii) an agreement for the use or possession of property (including sale and leaseback transactions), in each case, creating obligations that do not appear on the balance sheet of such Person but
which, upon the application of the Bankruptcy Code or any other debtor relief laws to such Person, would be characterized as the indebtedness of such Person (without regard to accounting treatment) and all obligations of such Person in respect of
transactions entered into by such Person that are intended to function primarily as a borrowing of funds (including any minority interest transactions that function primarily as a borrowing) but are not otherwise included in the definition of
“Indebtedness” or as a liability on the consolidated balance sheet of such Person and its Subsidiaries in accordance with GAAP; 

  

	 	•	 	 all obligations of such Person to purchase, redeem, retire, defease or otherwise make any payment in cash, Cash Equivalents or other
“Indebtedness” in respect of any Disqualified Equity Interest in such Person, valued, in the case of a redeemable preferred interest, at the greater of its voluntary or involuntary liquidation preference plus accrued and unpaid dividends;
and 

  

	 	•	 	 any obligation of such Person guaranteeing or intended to guarantee (whether directly or indirectly guaranteed, endorsed, co-made, discounted, or sold
with recourse) any obligation of any other Person that constitutes Indebtedness under any of clauses (a) through (g) above (but specifically excluding the Series G Guarantee other than for purposes of Section 8.5).

 For all purposes hereof, the Indebtedness of any Person shall include the Indebtedness of any partnership
or joint venture (other than a joint venture that is itself a corporation or limited liability company) in which such Person is a general partner or a joint venturer, unless such Indebtedness is expressly made non-recourse to such Person.

 “Indemnified Liabilities” has the meaning specified therefor in Section 10.3 of the Agreement.

 “Indemnified Person” has the meaning specified therefor in Section 10.3 of the Agreement.

 “Insolvency Proceeding” means any proceeding commenced by or against any Person under any provision of the
Bankruptcy Code the CCAA or the BIA or under any other provincial, state or federal bankruptcy or insolvency law, assignments for the benefit of creditors, formal or informal moratoria, compositions, extensions generally with creditors, or
proceedings seeking reorganization, arrangement, or other similar relief. 
 “Intercompany Subordination
Agreement” means an intercompany subordination agreement, dated of even date with the Agreement, executed and delivered by certain Loan Parties and certain of their Subsidiaries and Agent, the form and substance of which is reasonably
satisfactory to Agent. 
 “Interest Period” means, (a) with respect to each LIBOR Rate Loan, a period
commencing on the date of the making of such LIBOR Rate Loan (or the continuation of a LIBOR Rate Loan or the conversion of a Base Rate Loan to a LIBOR Rate Loan) and ending one (1), two (2), or three (3) months thereafter and (b) with
respect to each BA Rate Loan, a period commencing on the date of making of such BA Rate Loan (or the continuation of a BA Rate Loan or the conversion of a Base Rate Loan in Canadian Dollars to a BA Rate Loan and ending one (1), two (2), or three
(3) months thereafter; provided, that, in each case, • interest shall accrue at the applicable rate based upon the LIBOR Rate or BA Rate, as applicable from and including the first day of each Interest Period to, but
excluding, the day on which any Interest Period expires, • any Interest Period that would end on a day that is not a Business Day shall be extended to the next succeeding Business Day unless such Business Day falls in another calendar
month, in which case such Interest Period shall end on the next preceding Business Day, • with respect to an Interest Period that begins on the last Business Day of a calendar month (or on a day for which there is no numerically
corresponding day in the calendar month at the end of such Interest Period), the Interest Period shall end on the last Business Day of the calendar month that is one (1), two (2), or three (3) months after the date on which the Interest Period
began, as applicable, and • Borrowers may not elect an Interest Period which will end after the Maturity Date. 

“Inventory” means inventory (as such term is defined in the Code). 

“Investment” means, as to any Person, any direct or indirect acquisition or investment by such Person, whether by means
of (a) the purchase or other acquisition of Equity Interests of another Person, (b) a loan, advance or capital contribution to, guarantee or assumption of debt of, or purchase or other

  

 
acquisition of any other debt or interest in, another Person, or (c) the purchase or other acquisition (in one transaction or a series of transactions) of assets of another Person that
constitute a business unit (including a division) or all or substantially all of the business of, such Person. For purposes of covenant compliance, the amount of any Investment shall be the amount actually invested, without adjustment for subsequent
increases or decreases in the value of such Investment. 
 “IRC” means the Internal Revenue Code of 1986, as
amended, as in effect from time to time. 
 “Issuing Lender” means • any issuer of Existing Letters
of Credit, but only as to such Existing Letters of Credit and not as to any other Letters of Credit, and • WFCF, Bank of America, N.A. or any other Lender that, at the request of Administrative Borrower and with the consent of Agent,
agrees, in such Lender’s sole discretion, to become an Issuing Lender for the purpose of issuing Letters of Credit or Reimbursement Undertakings pursuant to Section 2.9 of the Agreement and the Issuing Lender shall be a Lender.

 “Judgment Currency” has the meaning specified in Section 17.15 of the Agreement. 

“Juffali Investment” means an initial Investment in the amount of approximately $2,500,000 made by Parent and/or its
Subsidiaries in the existing joint venture with E.A. Juffali & Brothers Company Limited, together with any additional Investments made by Parent and/or its Subsidiaries in such joint venture in an amount not to exceed $20,000,000 in the
aggregate. 
 “Laws” means, collectively, all international, foreign, Federal, State, Provincial and local
statutes, treaties, rules, guidelines, regulations, ordinances, codes and administrative or judicial precedents or authorities, including the interpretation or administration thereof by any Governmental Authority charged with the enforcement,
interpretation or administration thereof, and all applicable administrative orders, directed duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental Authority, in each case whether or not having the force of
law. 
 “Lender” has the meaning set forth in the preamble to the Agreement, shall include the Issuing Lender
and the Swing Lender, and shall also include any other Person made a party to the Agreement pursuant to the provisions of Section 13.1 of the Agreement and “Lenders” means each of the Lenders or any one or more of them.

 “Lender Group” means each of the Lenders (including the Issuing Lender and the Swing Lender) and Agent, or
any one or more of them. 
 “Lender Group Expenses” means all • costs or expenses (including taxes,
and insurance premiums) that were due and owing by Parent or its Subsidiaries and were, in accordance with the provisions of the Loan Documents, paid, advanced, or incurred by the Lender Group, • reasonable out-of-pocket fees or charges
paid or incurred by Agent in connection with the Lender Group’s transactions with Parent or its Subsidiaries under any of the Loan Documents, including, fees or charges for photocopying, notarization, couriers and messengers, telecommunication,
public record searches (including tax lien, litigation, and PPSA and UCC searches and including searches with the patent and trademark office, the copyright office, or the department of motor vehicles, or similar searches with respect to Canadian
Loan Parties), filing, recording, publication, appraisal (including periodic collateral appraisals to the extent of the fees and charges (and up to the amount of any limitation) contained in the Agreement or the Fee Letter), real estate surveys,
real estate title policies and endorsements, and environmental audits, • Agent’s customary fees and charges (as adjusted from time to time) with respect to the disbursement of funds (or the receipt of funds) to or for the account of
any Borrower (whether by wire transfer or otherwise), together with any out-of-pocket costs and expenses incurred in connection therewith, • out-of-pocket 

 
charges paid or incurred by Agent resulting from the dishonor of checks payable by or to any Loan Party, • all reasonable and documented out-of-pocket expenses and costs heretofore and from
time to time hereafter incurred by Agent during the course of periodic field examinations of the Collateral and Borrowers’ operations, plus a per diem charge at Agent’s then standard rate for Agent’s examiners in the field and office
(which rate as of the date hereof is $1,000 per person per day), and a per diem charge at Agent’s then standard rate for the establishment of electronic collateral reporting systems, subject to the limitations set forth in
Section 5.7 of the Agreement, • reasonable out-of-pocket costs and expenses of third party claims or any other suit paid or incurred by the Lender Group in enforcing or defending the Loan Documents or in connection with the
transactions contemplated by the Loan Documents, • Agent’s and each Arranger’s reasonable and documented out-of-pocket costs and expenses (including reasonable attorneys’ fees of not more than one primary counsel in the
United States, one primary counsel in Canada and one local counsel in each relevant jurisdiction) incurred in advising, structuring, drafting, reviewing, administering (including travel, meals, and lodging), syndicating, or amending the Loan
Documents, • subject to the limitations set forth below in this clause (h), Agent’s and each Lender’s reasonable out-of-pocket costs and expenses (including reasonable accountants, consultants, and other advisors fees and
expenses and reasonable attorneys’ fees for not more than one primary counsel in the United States, one primary counsel in Canada and one local counsel in each relevant jurisdiction and up to one additional counsel in the United States and one
additional counsel in Canada for all other Lenders taken together) incurred in connection with a “workout,” a “restructuring,” or an Insolvency Proceeding concerning Parent or any of its Subsidiaries or in exercising rights or
remedies under the Loan Documents, or defending the Loan Documents, irrespective of whether suit is brought, or in taking any Remedial Action concerning the Collateral permitted by the Agreement, and including, during the continuance of an Event of
Default, in gaining possession of, maintaining, handling, preserving, storing, shipping, selling, preparing for sale, or advertising to sell the Collateral, or any portion thereof, irrespective of whether a sale is consummated, and • usage
charges, charges, fees, costs and expenses for amendments, renewals, extensions, transfers, or drawings from time to time imposed by the Underlying Issuer or incurred by the Issuing Lender in respect of Letters of Credit and out-of-pocket charges,
fees, costs and expenses paid or incurred by the Underlying Issuer or Issuing Lender in connection with the issuance, amendment, renewal, extension, or transfer of, or drawing under, any Letter of Credit or any demand for payment thereunder.

 “Lender Group Representatives” has the meaning specified therefor in Section 17.9 of the
Agreement. 
 “Lender-Related Person” means, with respect to any Lender, such Lender, together with such
Lender’s Affiliates, officers, directors, employees, attorneys, and agents. 
 “Letter of Credit” means a
letter of credit issued by Issuing Lender or a letter of credit issued by Underlying Issuer, as the context requires. 

“Letter of Credit Collateralization” means either • providing cash collateral (pursuant to documentation
reasonably satisfactory to Agent, including provisions that specify that the Letter of Credit fee and all usage charges set forth in the Agreement will continue to accrue while the Letters of Credit are outstanding) to be held by Agent in an amount
equal to one hundred three percent (103%) of the then existing Letter of Credit Usage, • causing the Letters of Credit to be returned to the Issuing Lender, or • providing Agent with a standby letter of credit, in form and
substance reasonably satisfactory to Agent, from a commercial bank acceptable to Agent (in its sole discretion) in an amount equal to one hundred three percent (103%) of the then existing Letter of Credit Usage; it being understood that the
Letter of Credit fee and all usage charges set forth in the Agreement will continue to accrue while the Letters of Credit are outstanding and that any such fees that accrue must be an amount that can be drawn under any such standby letter of credit.

 “Letter of Credit Disbursement” means a US Letter of Credit Disbursement or
a Canadian Letter of Credit, Disbursement, as applicable. 
 “Letter of Credit Usage” means US Letter of Credit
Usage or Canadian Letter of Credit Usage, as applicable. 
 “LIBOR Deadline” has the meaning specified therefor
in Section 2.10(b)(i) of the Agreement. 
 “LIBOR Notice” means a written notice in the form of
Exhibit L-1. 
 “LIBOR Option” has the meaning specified therefor in Section 2.10(a) of the
Agreement. 
 “LIBOR Rate” means the rate per annum rate appearing on Bloomberg L.P.’s (the
“Service”) Page BBAM1/(Official BBA USD Dollar Libor Fixings) (or on any successor or substitute page of such Service, or any successor to or substitute for such Service) two (2) Business Days prior to the commencement of the
requested Interest Period, for a term and in an amount comparable to the Interest Period and the amount of the LIBOR Rate Loan requested (whether as an initial LIBOR Rate Loan or as a continuation of a LIBOR Rate Loan or as a conversion of a Base
Rate Loan to a LIBOR Rate Loan) by Borrowers in accordance with the Agreement, which determination shall be conclusive in the absence of manifest error. 
 “LIBOR Rate Loan” means each portion of a Revolving Loan that bears interest at a rate determined by reference to the LIBOR Rate. 

“Lien” means any mortgage, deed of trust, pledge, hypothecation, assignment, charge, deposit arrangement, encumbrance,
easement, lien (statutory or other), security interest, hypothec or other security arrangement and any other preference, priority, or preferential arrangement of any kind or nature whatsoever, including any conditional sale contract or other title
retention agreement, the interest of a lessor under a Capital Lease and any synthetic or other financing lease having substantially the same economic effect as any of the foregoing. 

“Loan Account” means the US Loan Account or the Canadian Loan Account, as the case may be. 

“Loan Documents” means the Agreement, any US Borrowing Base Certificate, any Canadian Borrowing Base Certificate, the
Controlled Account Agreements, the Control Agreements, any Copyright Security Agreement, the Fee Letter, the Guaranty, the Term Loan Intercreditor Agreement, any Intercompany Subordination Agreement, the Letters of Credit, the Mortgages, any Patent
Security Agreement, the Security Agreement, any Trademark Security Agreement, any perfection certificate, any note or notes executed by any Borrower in connection with the Agreement and payable to any member of the Lender Group, any Canadian
Security Document, any letter of credit application entered into by any Borrower in connection with the Agreement, and any other agreement entered into, now or in the future, by Parent or any of its Subsidiaries in connection with the Agreement.

 “Loan Party” means any Borrower or any Guarantor. 

“Loans” means Revolving Loans, Swing Loans, Overadvances and Protective Advances. 

“Margin Stock” as defined in Regulation U of the Board of Governors of the Federal Reserve System as in effect from time
to time. 

 “Material Adverse Effect” means • a material adverse change in,
or a material adverse effect upon, the operations, business, properties, liabilities (actual or contingent), condition (financial or otherwise) of Parent and its Subsidiaries taken as a whole, or as it relates to representations and warranties
specifically relating to the Revolving Loan Priority Collateral, of Loan Parties taken as a whole, • a material impairment of the rights and remedies of Agent or any Lender under the Loan Documents taken as a whole, or of the ability of
any Loan Party to perform its obligations under the Loan Documents to which it is a party, or • a material adverse effect upon the legality, validity, binding effect or enforceability against any Loan Party of any Loan Document to which it
is a party. 
 “Material Contract” means, with respect to any Person, each contract or agreement the loss of
which has, or could reasonably be expected to have, a Material Adverse Effect. 
 “Material Real Property”
means fee owned real property with a fair market value in excess of $5,000,000. 
 “Maturity Date” has the
meaning specified therefor in Section 3.3 of the Agreement. 
 “Maximum Credit” means the sum of
the US Maximum Credit and the Canadian Maximum Credit, provided, that, in no event shall the Maximum Credit exceed $300,000,000, as such amount may be decreased by the amount of decreases in the US Commitments in accordance with
Section 2.3(c) of the Agreement or as such amount may be increased by the amount of increases in the US Commitments in accordance with Section 2.12 of the Agreement. 

“Moody’s” has the meaning specified therefor in the definition of Cash Equivalents. 

“Mortgage Policies” has the meaning specified therefor in Section 4(b) to Schedule 5.16. 

“Mortgaged Property” means the real property that is owned by any Loan Party on the Closing Date listed on Schedule M-1
and any Material Real Property acquired after the Closing Date. 
 “Mortgages” means, individually and
collectively, one or more mortgages, deeds of trust, or deeds to secure debt, executed and delivered by Parent or its Subsidiaries in favor of Agent, in form and substance reasonably satisfactory to Agent, that encumber the Real Property Collateral.

 “Multiemployer Plan” means any employee benefit plan of the type described in Section 4001(a)(3) of
ERISA, to which Parent or any ERISA Affiliate makes or is obligated to make contributions, or during the preceding five plan years, has made or been obligated to make contributions. 

“Multiple Employer Plan” means a plan within the meaning of Section 210(a) of ERISA or Section 413(c) of the
IRC to which Parent or any ERISA Affiliate is obligated to make contributions. 
 “Net Cash Proceeds” means the
aggregate cash or Cash Equivalents received by any Loan Party or any Restricted Subsidiary in respect of any sale or other disposition (including any involuntary loss, damage or destruction or involuntary condemnation, seizure or taking or
confiscation or requisition) or issuance or incurrence of Indebtedness or issuance of any Equity Interests (including any cash received by way of deferred payment pursuant to a promissory note, receivable or otherwise, but only as and when received
in cash), net of (a) reasonable and customary fees and expenses associated in connection therewith (including, without limitation, legal, accounting and investment banking fees, sales commissions and placement fees), (b) taxes paid or
payable to any taxing authorities by Parent or such Subsidiary in connection with such sale or other disposition, in each case to the extent, but only to the extent, that the amounts so deducted are, at the time of receipt of such cash, actually
paid or payable to a 

 
Person that is not an Affiliate of Parent or any of its Subsidiaries, and are properly attributable to such transaction, (c) in the case of any such sale or other disposition, the amount of
any Indebtedness secured by any Permitted Lien on any asset (other than Indebtedness owing to Agent or any Lender under the Agreement or the other Loan Documents and Indebtedness assumed by the purchaser of such asset) which is required to be, and
is, repaid in connection with such sale or disposition (including, without limitation, prepayment premiums and/or penalties thereon), (d) in the case of any sale or other disposition, any portion of such proceeds deposited in an escrow account
or subject to a similar arrangement in any event in accordance with the terms of such sale or other disposition (provided that such amounts shall be treated as Net Cash Proceeds upon the receipt of cash from such escrow account by such Loan Party or
such Subsidiary) and (e) in the case of any sale or other disposition, any portion of any such proceeds which Parent determines in good faith should be reserved for post-closing adjustments and indemnities; it being understood that “Net
Cash Proceeds” shall include, without limitation, any cash or Cash Equivalents received upon the sale or other disposition of any non-cash consideration received by any Loan Party or any Subsidiary in any such sale or other disposition, or
issuance or incurrence of Indebtedness of issuance of any Equity Interests. 
 “Net Recovery Percentage” means
the fraction, expressed as a percentage (a) the numerator of which is the amount equal to the recovery on the aggregate amount of the applicable category of Eligible Inventory at such time on a “net orderly liquidation value” basis as
set forth in the most recent acceptable inventory appraisal received by Agent in accordance with the requirements of the Agreement, net of operating expenses, liquidation expenses and commissions reasonably anticipated in the disposition of such
assets and (b) the denominator of which is the original cost of the aggregate amount of the Eligible Inventory subject to such appraisal. 
 “Non-Consenting Lender” has the meaning specified therefor in Section 14.2(a) of the Agreement. 
 “Non-Defaulting Lender” means, at any time, each Lender that is not a Defaulting Lender at such time. 
 “Non-Loan Party” means a Subsidiary of Parent that is not a Loan Party. 
 “NPL” means the National Priorities List under CERCLA. 

“Obligations” means • all loans (including the Revolving Loans (inclusive of Protective Advances and Swing
Loans)), debts, principal, interest (including any interest that accrues after the commencement of an Insolvency Proceeding, regardless of whether allowed or allowable in whole or in part as a claim in any such Insolvency Proceeding), reimbursement
or indemnification obligations with respect to Reimbursement Undertakings or with respect to Letters of Credit (irrespective of whether contingent), premiums, liabilities (including all amounts charged to the Loan Account pursuant to the Agreement),
obligations (including indemnification obligations), fees (including the fees provided for in the Fee Letter), Lender Group Expenses (including any fees or expenses that accrue after the commencement of an Insolvency Proceeding, regardless of
whether allowed or allowable in whole or in part as a claim in any such Insolvency Proceeding), guaranties, covenants, and duties of any kind and description owing by any Loan Party pursuant to or evidenced by the Agreement or any of the other Loan
Documents and irrespective of whether for the payment of money, whether direct or indirect, absolute or contingent, due or to become due, now existing or hereafter arising, and including all interest not paid when due and all other expenses or other
amounts that any Borrower is required to pay or reimburse by the Loan Documents or by law or otherwise in connection with the Loan Documents, • all debts, liabilities, or obligations (including reimbursement obligations, irrespective of
whether contingent) owing by any Borrower or any other Loan Party to an Underlying Issuer now or hereafter arising from or in respect of Underlying Letters of Credit, and • all Bank Product Obligations. Any reference in the

 
Agreement or in the Loan Documents to the Obligations shall include all or any portion thereof and any extensions, modifications, renewals, or alterations thereof, both prior and subsequent to
any Insolvency Proceeding. 
 “OFAC” means The Office of Foreign Assets Control of the U.S. Department of the
Treasury. 
 “Originating Lender” has the meaning specified therefor in Section 13.1(e) of the
Agreement. 
 “Overadvance” has the meaning specified therefor in Section 2.3(e)(i) of the
Agreement. 
 “Parent” has the meaning specified therefor in the preamble to the Agreement. 

“Participant” has the meaning specified therefor in Section 13.1(e) of the Agreement. 

“Patent Security Agreement” has the meaning specified therefor in the Security Agreement. 

“Patriot Act” has the meaning specified therefor in Section 4.18 of the Agreement. 

“Payoff Date” means the first date on which all of the Obligations are paid in full and the Commitments of the Lenders
are terminated. 
 “PBGC” means the Pension Benefit Guaranty Corporation. 

“Pension Act” means the Pension Protection Act of 2006. 

“Pension Funding Rules” means the rules of the IRC and ERISA regarding minimum required contributions (including any
installment payment thereof) to Pension Plans and set forth in, with respect to plan years ending prior to the effective date of the Pension Act, Section 412 of the Code and Section 302 of ERISA, each as in effect prior to the Pension Act
and, thereafter, Section 412, 430 and 436 of the IRC and Sections 302 and 303 of ERISA. 
 “Pension
Plan” means any “employee pension benefit plan” (as such term is defined in Section 3(2) of ERISA) (excluding a Multiple Employer Plan or a Multiemployer Plan) that is maintained or is contributed to by Parent and any ERISA
Affiliate and is either covered by Title IV of ERISA or is subject to the Pension Funding Rules. 
 “Permitted
Acquisition” means any Acquisition; provided, that: 
  

	 	•	 	 as of the date of any such Acquisition and after giving effect thereto, no Event of Default shall exist or have occurred and be continuing,

  

	 	•	 	 (i) the Excess Availability at any time during the immediately preceding sixty (60) consecutive day period shall have been not less than
twenty percent (20%) of the Maximum Credit and (ii) the US Excess Availability at any time during the immediately preceding sixty (60) consecutive day period shall have been not less than fifteen percent (15%) of the Maximum
Credit, and after giving effect to the Acquisition and the making of any payment in respect thereof, on a pro forma basis using the most recent calculation of the Borrowing Base immediately prior to any such payment, the Excess Availability and the
US Excess Availability shall be not less than the applicable amount specified above, 

  

	 	•	 	 the Acquisition shall be with respect to an operating company or division or line of business that engages in a line of business substantially similar,
reasonably related or incidental to, or a reasonable extension of, the business that Parent and its Subsidiaries are engaged in, 

	 	•	 	 in the case of any Acquisition of Equity Interests, the board of directors (or other comparable governing body) of the Person to be acquired shall have
duly approved such Acquisition and such person shall not have announced that it will oppose such Acquisition or shall not have commenced any action which alleges that such Acquisition will violate applicable law, 

 

	 	•	 	 in the case of any Acquisition that involves consideration in the aggregate in excess of $35,000,000 or on and after the aggregate amount of the
consideration for all Acquisitions after the Closing Date is in excess of $75,000,000, as to any Acquisition thereafter, Agent shall have received not less than fifteen (15) Business Days prior to the anticipated closing date of the proposed
Acquisition prior written notice of the proposed Acquisition, and including the (i) parties to such Acquisition, (ii) the proposed date and amount of the Acquisition, (iii) description of the assets or shares to be acquired and
(iv) the total purchase price for the assets to be purchased and the terms of payment of such purchase price), together with copies of the acquisition agreement and other material documents relative to the proposed Acquisition,

  

	 	•	 	 in the case of any Acquisition that involves consideration in the aggregate in excess of $35,000,000 or on and after the aggregate amount of the
consideration for all Acquisitions after the Closing Date is in excess of $75,000,000, as to any Acquisition thereafter, Agent shall have received reasonably satisfactory projections for the period that is the lesser of six (6) months or until
the end of the then current fiscal year after the date of such Acquisition showing, on a pro forma basis after giving effect to the Acquisition, (i) minimum Excess Availability at all times during such period of not less than twenty percent
(20%) of the Maximum Credit and (ii) minimum US Excess Availability at all times during such period of not less than fifteen percent (15%) of the Maximum Credit, 

 

	 	•	 	 any such newly-created or acquired Subsidiary shall comply with the requirements of Section 5.11 to the extent applicable;

  

	 	•	 	 in the case of any Acquisition that involves consideration in the aggregate in excess of $35,000,000 or on and after the aggregate amount of the
consideration for all Acquisitions after the Closing Date is in excess of $75,000,000, as to any Acquisition thereafter, Parent shall have delivered to Agent and each Lender, at least five (5) Business Days prior to the date on which any such
Acquisition is to be consummated, a certificate of an Authorized Person, in form and substance reasonably satisfactory to Agent and the Required Lenders, certifying that all of the requirements set forth in this definition of Permitted Acquisition
have been satisfied or will be satisfied on or prior to the consummation of such purchase or other acquisition; 

  

	 	•	 	 if Parent requests that any assets acquired pursuant to such Acquisition be included in the Borrowing Base, Agent shall have completed a field
examination with respect to the business and assets subject to the Acquisition (the “Acquired Business”) in accordance with Agent’s customary procedures and practices and as otherwise required by the nature and circumstances of
the business of the Acquired Business, the scope and results of which shall be satisfactory to Agent in its Permitted Discretion and any Accounts or Inventory of the Acquired Business shall only be Eligible Accounts or Eligible Inventory to the
extent that Agent has so completed such field examination with respect thereto and as to Inventory has received a satisfactory appraisal (and has completed customary legal due diligence with respect thereto with results satisfactory to Agent) and
the criteria for Eligible Accounts and Eligible Inventory set forth herein are satisfied with respect thereto in accordance with this Agreement (or such other or additional criteria as Agent may, at its option, establish with respect thereto in
accordance with the definitions of Eligible Accounts or Eligible Inventory, as applicable, and subject to such reserves as Agent may establish in connection with the Acquired Business in accordance with Sections 2.1(e) and 2.1(f) of
the Agreement). 

 “Permitted Discretion” means a determination made in good faith in the
exercise of its reasonable business judgment based on how an asset-based lender with similar rights providing a credit facility of the type set forth herein would act in similar circumstances at the time with the information then available to it.

 “Permitted Dispositions” means: 

 

	 	•	 	 sales or other dispositions of obsolete or worn out property or assets that are no longer necessary or required for the operation of the business
(including insignificant or immaterial parcels of Real Property), whether now owned or hereafter acquired, in the ordinary course of business, 

  

	 	•	 	 sales of Inventory in the ordinary course of business, 

 

	 	•	 	 the use or transfer of money or Cash Equivalents in a manner that is not prohibited by the terms of the Agreement or the other Loan Documents,

  

	 	•	 	 sales or other dispositions of assets (other than Revolving Loan Priority Collateral) to the extent that (i) such property is exchanged for credit
against the purchase price of similar replacement property or (ii) the proceeds of such Disposition are reasonably promptly applied to the purchase price of such replacement property, 

 

	 	•	 	 the sale or other disposition of property by Parent or any Subsidiary of Parent to any Loan Party or other Subsidiary, provided, that,
(i) if the transferor of such property is a Borrower, then the transferee thereof must be another Loan Party, (ii) if the transferor of such property is a Guarantor, then the transferee must be either a Borrower or Guarantor, (iii) to
the extent such transaction constitutes an Investment, such transaction is a Permitted Investment and (iv) to the extent of any Lien of Agent with respect to such property prior to its sale or other disposition, the Lien of Agent on such
property shall continue in all respects and shall not be deemed released or terminated as a result of such sale or other disposition and Borrowers and Guarantors shall execute and deliver such agreements, documents and instruments as Agent may
request with respect thereto, 

  

	 	•	 	 dispositions permitted by Section 6.3, 

  

	 	•	 	 the sale of accounts receivable in connection with the collection or compromise thereof in the ordinary course of business consistent with the
practices of Parent and its Subsidiaries as of the date hereof, 

  

	 	•	 	 the grant by Parent and its Subsidiaries after the date hereof of a non-exclusive license of any Intellectual Property owned by Parent and its
Subsidiaries in the ordinary course of business consistent with past practice, 

  

	 	•	 	 the granting of Permitted Liens, 

  

	 	•	 	 any involuntary loss, damage or destruction of property, or any involuntary condemnation, seizure or taking, by exercise of the power of eminent domain
or otherwise, or confiscation or requisition of use of property, 

  

	 	•	 	 the leasing, subleasing or non-exclusive licensing or sublicensing of tangible assets (which shall not include Inventory) or intangible assets (or an
assignment of a lease or license or sublease of assets of any Loan Party in the ordinary course of business that do not materially interfere with the business of Parent and its Restricted Subsidiaries, taken as a whole, 

	 	•	 	 the abandonment or other disposition of intellectual property in the ordinary course of business consistent with past practices that is not material
and is no longer used or useful in the business of Parent or its Subsidiaries, 

  

	 	•	 	 the making of a Restricted Payment or a Permitted Investment that in each case is expressly permitted to be made pursuant to the Agreement,

  

	 	•	 	 sales or other dispositions of the Real Property listed on Schedule P-1; 

 

	 	•	 	 sales by Parent or any of its Restricted Subsidiaries of property (other than Revolving Loan Priority Collateral) pursuant to any arrangement, directly
or indirectly, with any person whereby it shall sell or transfer any property, real or personal, used or useful in its business, whether now owned or hereafter acquired, and thereafter rent or lease such property or other property that it intends to
use for substantially the same purpose or purposes as the property being sold or transferred (a “Sale and Lease-Back Transaction”); provided, that, • the lease contemplated by such Sale and Lease-Back
Transaction is executed within two hundred seventy (270) days of the sale of such property, and • subject to the terms of the Term Loan Intercreditor Agreement, to the extent Net Cash Proceeds in excess of $10,000,000 for any one
disposition and in excess of $50,000,000 for all dispositions in any fiscal year are received, the Net Cash Proceeds resulting from such disposition pursuant to this clause shall be applied to the Obligations, if not otherwise applied to repay Term
Loan Indebtedness or any other Indebtedness which is required to be repaid with such Net Cash Proceeds under the terms of such Indebtedness, 

  

	 	•	 	 any surrender or waiver of contractual rights or the settlement, release or surrender of contractual rights or other litigation claims in the ordinary
course of business (other than any such contractual rights or claims related to Accounts, payment intangibles or Inventory constituting Revolving Loan Priority Collateral) , 

 

	 	•	 	 the termination of any Hedge Agreement, 

  

	 	•	 	 any other sale or other disposition of property by Parent or any Restricted Subsidiary for consideration in any one case not to exceed $1,000,000, or
in the case of any sale or other disposition of Revolving Loan Priority Collateral, in the aggregate as to all such sales or other dispositions, not to exceed $2,500,000, 

 

	 	•	 	 sales of interests in or assets of Unrestricted Subsidiaries or Immaterial Subsidiaries, 

 

	 	•	 	 sales or other transfers by a Loan Party of any Equity Interests held in a first tier Subsidiary that is organized under the laws of a jurisdiction
other than the United States, to a Restricted Subsidiary (including any Excluded Subsidiary), provided, that, one hundred percent (100%) (or sixty-five percent (65%) in the case of any first tier Foreign Subsidiary) of the
Equity Interests of the Restricted Subsidiary to whom such Equity Interests are sold or otherwise transferred are subject to the Lien of Agent pursuant to the Loan Documents, 

 

	 	•	 	 sales or other dispositions of assets of Loan Parties not otherwise subject to the provisions set forth in this definition, provided,
that, as to any such sale or other disposition, each of the following conditions is satisfied: 

  

	 	•	 	 not less than seventy-five percent (75%) of the consideration to be received by the Loan Parties shall be paid or payable in cash and shall be
paid contemporaneously with consummation of the transaction, 

	 	•	 	 the consideration received by such Loan Party in respect of the sale or other disposition of such assets shall be for the fair value of such assets
determined in a commercially reasonable manner based on an arm’s length transaction, 

  

	 	•	 	 in the case of any sale or other disposition of Revolving Loan Priority Collateral, as of the date of such sale or other disposition and after giving
effect thereto, using the most recent calculation of the Borrowing Base prior to the date of any such payment, on a pro forma basis, Excess Availability shall be not less than twenty percent (20%) of the Maximum Credit and US Excess
Availability shall be not less than fifteen percent (15%) of the Maximum Credit, 

  

	 	•	 	 at any time a Cash Dominion Event exists, subject to the terms of the Term Loan Intercreditor Agreement, in the case of any sale or other disposition
of Revolving Loan Priority Collateral, the Net Cash Proceeds from any such sale or other disposition, shall be applied to the Obligations (without permanent reduction thereof), and in the case of any sale or other disposition of any Collateral other
than Revolving Loan Priority Collateral, the Net Cash Proceeds in excess of $10,000,000 in any one sale or other disposition or in excess of $50,000,000 for all such sales or other dispositions in any fiscal year, shall be applied to the
Obligations, 

  

	 	•	 	 the aggregate consideration for all property sold or otherwise disposed of in reliance on this clause (u) shall not exceed $75,000,000, and

  

	 	•	 	 as of the date of any such sale or other disposition, and in each case after giving effect thereto, no Event of Default shall exist or have occurred
and be continuing. 

 “Permitted Indebtedness” means: 

 

	 	•	 	 Indebtedness under the Loan Documents, and including Indebtedness owed to Underlying Issuers with respect to Underlying Letters of Credit,

  

	 	•	 	 subject to the terms of the Term Loan Intercreditor Agreement, Indebtedness under any Term Loan Document in an aggregate outstanding principal amount
not to exceed $400,000,000 and any Refinancing Indebtedness with respect thereto, 

  

	 	•	 	 Indebtedness outstanding on the date hereof and listed on Schedule P-2 and any Refinancing Indebtedness with respect thereto,

  

	 	•	 	 guarantees • by a Loan Party of other Permitted Indebtedness of another Loan Party, • by a Non-Loan Party of Permitted Indebtedness
of another Non-Loan Party, • by a Non-Loan Party of Permitted Indebtedness of a Loan Party unless such Non-Loan Party shall have also provided a guarantee of the Obligations substantially on the terms set forth in the applicable Guaranty,
and • by a Loan Party of Permitted Indebtedness of a Non-Loan Party, provided, that, (A) as of the date of the execution and delivery of any such guarantee under this clause (iv), and after giving effect thereto, such
Loan Party would be permitted to make a Permitted Investment in such Non-Loan Party under clause (d)(ii)(D) of the definition of Permitted Investments, such that all of the conditions set forth in clause (d)(ii)(D) of the definition of Permitted
Investments shall be satisfied as to any such guarantee treating the guarantee as a Permitted Investment for this purpose, including that (1) the maximum amount of the liability of the Loan Parties under all of such guarantees, plus
(2) the amount of the Permitted Investments by Loan Parties under such clause (d)(ii)(D), shall not in the aggregate exceed $100,000,000 at any time outstanding, and (B) if the Indebtedness being guaranteed is subordinated to the
Obligations, such guarantee shall be subordinated to the guarantee of the Obligations on terms at least as favorable to Agent and the Lenders as those contained in the subordination provisions of such Indebtedness, 

	 	•	 	 Permitted Purchase Money Indebtedness and any Refinancing Indebtedness in respect of such Indebtedness, 

 

	 	•	 	 contingent liabilities in respect of any indemnification obligation, adjustment of purchase price, or similar obligation of the applicable Loan Party
incurred in connection with the consummation of one or more Permitted Acquisitions or Permitted Dispositions, 

  

	 	•	 	 other Indebtedness of Restricted Subsidiaries that are Non-Loan Parties in an aggregate principal amount for all such Persons not to exceed
$100,000,000 at any time outstanding, 

  

	 	•	 	 Acquired Indebtedness in an amount not to exceed $50,000,000 outstanding at any one time and any Refinancing Indebtedness in respect of such
Indebtedness, 

  

	 	•	 	 Indebtedness incurred in the ordinary course of business under customs, stay, performance, surety, statutory, and appeal bonds, and completion
guarantees (or obligations in respect of letters of credit related thereto), 

  

	 	•	 	 Indebtedness consisting of insurance premium financing in the ordinary course of business, 

 

	 	•	 	 the incurrence by any Loan Party or its Subsidiaries of Indebtedness under Hedge Agreements that are incurred for the bona fide purpose of hedging the
interest rate, commodity, or foreign currency risks associated with any Loan Party’s and its Subsidiaries’ operations and not for speculative purposes, 

 

	 	•	 	 Indebtedness consisting of deferred compensation to employees of Parent or any Restricted Subsidiary in the ordinary course of business and consistent
with the current practices of Parent and such Subsidiary, 

  

	 	•	 	 Indebtedness (including obligations in respect of letters of credit or bank guarantees or similar instruments) incurred by Parent or any Restricted
Subsidiary constituting reimbursement obligations in respect of workers compensation claims, health, disability or other employee benefits or property, casualty or liability insurance or self-insurance; provided, that, upon the drawing
of such letters of credit or the incurrence of such Indebtedness with respect to reimbursement obligations regarding workers’ compensation claims, such obligations are reimbursed within thirty (30) days following such drawing or
incurrence; 

  

	 	•	 	 Indebtedness and other obligations in respect of netting services, overdraft protections and similar arrangements in each case in connection with cash
management or treasury services arrangements and deposit accounts; 

  

	 	•	 	 Indebtedness evidenced by the 2015 Notes in an aggregate outstanding principal amount not to exceed $50,000,000 and any Refinancing Indebtedness with
respect thereto, 

  

	 	•	 	 Indebtedness evidenced by the 2020 Notes in an aggregate outstanding principal amount not to exceed $360,000,000 and any Refinancing Indebtedness with
respect thereto, 

  

	 	•	 	 the Indebtedness arising under the Series G Guarantee in an aggregate outstanding principal amount not to exceed $42,656,250,

	 	•	 	 unsecured Indebtedness of any Loan Party owing to former employees, officers, or directors (or any spouses, ex-spouses, or estates of any of the
foregoing) incurred in connection with the repurchase by such Loan Party of the Equity Interests of such Loan Party that has been issued to such Persons, provided, that, the aggregate amount of all such Indebtedness outstanding at any
one time does not exceed $2,000,000, 

  

	 	•	 	 guarantees by PolyOne International Finance Company in respect of Indebtedness otherwise permitted under this Agreement of any Subsidiary that is not a
Loan Party, 

  

	 	•	 	 (i) unsecured Indebtedness (including Subordinated Debt) of Parent or any other Loan Party; provided, that, as to any such
Indebtedness, — such Indebtedness shall have a maturity date that is at least ninety-one (91) days after the Maturity Date, and shall not include covenants, defaults and remedy provisions that
are more restrictive in any material respect to Parent and its Subsidiaries than the Term Loan Agreement taken as a whole and shall not have any financial maintenance covenants, — the Fixed
Charge Coverage Ratio (calculated based on the preceding twelve (12) consecutive month period ending on the fiscal month end for which Agent has received financial statements immediately prior to the date of the incurrence of such
Indebtedness), on a pro forma basis, immediately after giving effect to such Indebtedness shall be not less than 1.10 to 1.00, — as of the date of the incurring of any such Indebtedness and
after giving effect thereto, no Default or Event of Default shall exist or have occurred and be continuing, — in the case of any such Indebtedness in an aggregate principal amount in excess of
$50,000,000, such Indebtedness shall not have scheduled amortization payments in excess of one percent (1%) of the principal amount thereof in any fiscal year, and — if such Indebtedness is
owed to a seller of assets to Parent or any other Loan Party, it is expressly subordinate in right of payment to the prior payment in full in cash of the Obligations and otherwise subject to related subordination provisions on terms reasonably
acceptable to Agent, and (ii) any Refinancing Indebtedness in respect of the Indebtedness permitted under clause (i) above, 

  

	 	•	 	 unsecured Indebtedness of Parent owing to the Director of Development of the State of Ohio in the principal amount not to exceed $2,200,000 in
connection with the construction of a facility by Parent located at 33587 Walker Road, Avon Lake, Ohio 44012; provided, that, (i) Parent shall provide Agent with not less than five (5) Business Days written notice prior to
the incurrence of such Indebtedness and (ii) as of the date of the incurrence of such Indebtedness and after giving effect thereto, no Default or Event of Default shall exist of have occurred and be continuing, 

 

	 	•	 	 Indebtedness permitted by clause (d) of the definition of Permitted Investments. 

“Permitted Investments” means: 
  

	 	•	 	 (i) Investments in cash and Cash Equivalents of any Non-Loan Party and (ii) Investments in cash and Cash Equivalents of any Loan Party, so
long as (solely in the case of this clause (ii)) if a Cash Dominion Event exists, no Revolving Loans (including Swing Loans, Overadvances and Protective Advances) are then outstanding; except that notwithstanding that any Revolving Loans (including
Swing Loans, Overadvances and Protective Advances) are outstanding, Loan Parties may from time to time in the ordinary course of business consistent with their current practices as of the date hereof, (A) make deposits of cash or other
immediately available funds in operating demand deposit accounts used for disbursements to the extent required to provide funds for amounts drawn or anticipated to be drawn shortly on such accounts and such funds may be held in Cash Equivalents
consisting of overnight investments until so drawn (so long as such funds and Cash Equivalents are not held more than three (3) Business Days from the date of the initial deposit thereof), and (B) make other Investments in cash or Cash
Equivalents in an aggregate amount not to exceed $10,000,000 at any time, 

	 	•	 	 advances to officers, directors and employees of the Borrower and Subsidiaries in an aggregate amount not to exceed $5,000,000 at any time outstanding,
for travel, entertainment, relocation packages and analogous ordinary business purposes; 

  

	 	•	 	 Investments in negotiable instruments deposited or to be deposited for collection in the ordinary course of business, 

 

	 	•	 	 (i) Investments by Parent and its Subsidiaries in their respective Subsidiaries outstanding on the date hereof, and (ii) additional
Investments by (A) a Loan Party in another Loan Party, (B) a Non-Loan Party in another Non-Loan Party, (C) a Non-Loan Party in a Loan Party, provided, that, in the case of any such Investments constituting Indebtedness,
such Indebtedness shall be subordinated and otherwise subject to the terms and conditions of the Intercompany Subordination Agreement, and (D) additional Investments by a Loan Party in a Non-Loan Party, provided, that, as to any
such Investment under this clause (D), each of the following conditions is satisfied: (1) as of the date of such Investment and after giving effect thereto, no Event of Default shall exist or have occurred and be continuing, (2) the
aggregate amount of all such Investments after the date hereof, plus the maximum amount of the liability of the Loan Parties under all guarantees by Loan Parties of Indebtedness of Non-Loan Parties as provided in clause (d)(iv) of the definition of
Permitted Indebtedness, shall not, in the aggregate, exceed $100,000,000 outstanding at any one time, (3) at any time the aggregate amount of all of such Investments is greater than $20,000,000 and after giving effect thereto, using the most
recent calculation of the Borrowing Base prior to the date of any such Investment, on a pro forma basis, Excess Availability shall be not less than twenty percent (20%) of the Maximum Credit and US Excess Availability shall be not less than ten
percent (10%) of the Maximum Credit and (4) Agent shall have received reasonably satisfactory projections for the period that is the lesser of six (6) months or until the end of the then current fiscal year after the date of such
Investment showing, on a pro forma basis after giving effect to the Investment, (x) minimum Excess Availability at all times during such period of not less than twenty percent (20%) of the Maximum Credit and (y) minimum US Excess
Availability at all times during such period of not less than ten percent (10%) of the Maximum Credit, provided, that, this clause (4) shall not be applicable so long as: the aggregate amount of all such Permitted Investments
are less than $20,000,000, and at the time of making any such Permitted Investment, the sum of the Excess Availability plus Qualified Cash is greater than $125,000,000 (and on and after any assets of ColorMatrix Group, Inc. or any of its
Subsidiaries may be included in the Borrowing Base, greater than $140,000,000); 

  

	 	•	 	 Investments consisting of extensions of credit in the nature of accounts receivable or notes receivable arising from the grant of trade credit in the
ordinary course of business, and Investments received in satisfaction or partial satisfaction thereof from financially troubled account debtors to the extent reasonably necessary in order to prevent or limit loss; 

 

	 	•	 	 guarantees permitted under the definition of Permitted Indebtedness, 

 

	 	•	 	 Investments existing on the date hereof (other than those referred to clause (d)(i) of this definition above) and set forth on Schedule P-3,

  

	 	•	 	 Investments (including debt obligations and Equity Interests) received by Parent or any of its Restricted Subsidiaries in connection with
• the bankruptcy or reorganization of any Person obligated to Parent or such Restricted Subsidiary, • in settlement of obligations of any Person to Parent or such Subsidiary, or disputes by Parent or such Subsidiary with, any
Person, in either case arising in the ordinary course of business, provided, that, there shall be no such settlements with respect to Accounts or other Revolving Loan Priority Collateral at any time an Event of Default exists or has occurred or is
continuing, except as Agent may otherwise agree, • the foreclosure with respect to any secured 

	 	 
Investment or other transfer of title with respect to any secured Investment and • the non-cash proceeds of any sale or other disposition to the extent permitted as a Permitted
Disposition, 

  

	 	•	 	 advances of payroll payments to employees in the ordinary course of business consistent with current practices, 

 

	 	•	 	 guarantees by Parent or any Restricted Subsidiary of leases (other than any Capital Lease) or of other obligations of such Restricted Subsidiary that
do not constitute Indebtedness, in each case entered into in the ordinary course of business, provided, that, as of the date of the execution and delivery of any such guarantee under this clause (j), and after giving effect thereto,
(i) such Loan Party would be permitted to make a Permitted Investment in such Non-Loan Party under clause (d)(ii)(D) of the definition of Permitted Investments, such that all of the conditions set forth in clause (d)(ii)(D) of the definition of
Permitted Investments shall be satisfied as to any such guarantee treating the guarantee as a Permitted Investment for this purpose except for the conditions in clauses (2) and (4) of such clause (d)(ii)(D), and (ii) the sum of
(A) the maximum amount of the liability of Parent and such Restricted Subsidiaries under all of such guarantees, plus (B) the amount of Letters of Credit for the benefit of, or in connection with, the business of a Non-Loan Party (other
than in the case of a Letter of Credit for the benefit of the business of Parent and its Subsidiaries generally) under Section 2.9(a), shall not in the aggregate exceed $50,000,000 at any time outstanding, 

 

	 	•	 	 Investments (other than an Acquisition) to the extent the consideration paid therefor consists of Equity Interests of Parent (other than any
Disqualified Equity Interests), 

  

	 	•	 	 Investments held by a Person acquired in a Permitted Acquisition to the extent that such Investments were not made in contemplation of or in connection
with such Permitted Acquisition and were in existence on the date of such Permitted Acquisition, 

  

	 	•	 	 advances made in connection with purchases of goods or services in the ordinary course of business, including advances to suppliers,

  

	 	•	 	 deposits of cash made in the ordinary course of business to secure performance of operating leases, 

 

	 	•	 	 deposits of cash for leases, utilities, worker’s compensation and similar matters in the ordinary course of business,

  

	 	•	 	 Investments resulting from entering into • Bank Product Agreements, or • agreements relative to Indebtedness arising from Hedge
Agreements that is permitted under clause (k) of the definition of Permitted Indebtedness, 

  

	 	•	 	 the Juffali Investment, provided, that, all of such Investment is made prior to the third anniversary of the Closing Date,

  

	 	•	 	 promissory notes issued by an Excluded Subsidiary payable to a Loan Party in exchange for Equity Interests of such Loan Party transferred to such
Excluded Subsidiary pursuant to a Permitted Disposition under clause (t) of the definition of the term Permitted Disposition, 

  

	 	•	 	 Investments in Immaterial Subsidiaries or Unrestricted Subsidiaries in an aggregate amount not to exceed $2,500,000 in any fiscal year in connection
with environmental remediation costs and expenses incurred by such Subsidiaries, 

	 	•	 	 Investments constituting Permitted Acquisitions, 

  

	 	•	 	 Investments by a Loan Party and its Restricted Subsidiaries, including loans and advances to any direct or indirect parent of a Loan Party, if such
Loan Party or Restricted Subsidiary would be permitted to make a Restricted Payment in such amount under Section 6.8, provided, that, the amount of any such Investment shall also be deemed to be a Restricted Payment under the applicable clause
of Section 6.8 for all purposes of the Agreement, 

  

	 	•	 	 Investments in the ordinary course of business consisting of (i) endorsements of instruments for collection or deposit or (ii) customary
trade arrangements with customers, 

  

	 	•	 	 Investments by Parent and its Restricted Subsidiaries not otherwise permitted under this definition; provided, that, with respect to each
Investment made pursuant to this clause (w): 

  

	 	•	 	 after giving effect thereto, the aggregate amount of all such Investments pursuant to this clause (w) (valued at the time of the making thereof,
and without giving effect to any write-downs or write-offs thereof) shall not exceed the amount equal to the sum of (A) $75,000,000 plus (B) fifty percent (50%) of the Consolidated Net Income for all fiscal quarters of Parent for
which Consolidated Net Income is positive and that have ended after the Closing Date (commencing with the fiscal quarter ending on December 31, 2011) and for which annual and quarterly financial statements shall have been received by Agent
pursuant to Section 5.1 (treated as one continuous accounting period) prior to the date of determination, less one hundred percent (100%) of the Consolidated Net Income for all fiscal quarters of Parent for which Consolidated Net
Income is negative and that have ended after the Closing Date (commencing with the fiscal quarter ending on December 31, 2011) and for which annual and quarterly financial statements shall have been delivered to Agent pursuant to
Section 5.1 (treated as one continuous accounting period) prior to the date of determination, 

  

	 	•	 	 the Fixed Charge Coverage Ratio (calculated based on the preceding twelve (12) consecutive month period ending on the fiscal month end for which
Agent has received financial statements immediately prior to the date of the incurrence of such Indebtedness), on a pro forma basis, immediately after giving effect to such Indebtedness shall be not less than 1.10 to 1.00,

  

	 	•	 	 as of the date of such Investment and after giving effect thereto, using the most recent calculation of the Borrowing Base prior to the date of any
such payment, on a pro forma basis, Excess Availability shall be not less than twenty percent (20%) of the Maximum Credit and US Excess Availability shall be not less than fifteen percent (15%) of the Maximum Credit, and

  

	 	•	 	 as of the date of any such Investment, and in each case after giving effect thereto, no Default or Event of Default shall exist or have occurred and be
continuing. 

 “Permitted Liens” means: 

 

	 	•	 	 Liens granted to, or for the benefit of, Agent to secure the Obligations, 

 

	 	•	 	 Liens existing on the date hereof and listed on Schedule P-4 securing Indebtedness in effect on the Closing Date or any Refinancing Indebtedness
in respect thereof, 

  

	 	•	 	 Liens for unpaid taxes, assessments or similar charges not yet due or which are subject to a Permitted Protest, 

	 	•	 	 carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s or other like Liens arising by operation of law in the
ordinary course of business which are not overdue for a period of more than thirty (30) days or which are subject to a Permitted Protest, 

  

	 	•	 	 pledges or deposits of cash in the ordinary course of business in connection with workers’ compensation, unemployment insurance and other social
security legislation, other than any Lien imposed by ERISA, 

  

	 	•	 	 deposits of cash to secure the performance of bids, trade contracts and leases (other than Indebtedness for borrowed money), statutory obligations,
surety and appeal bonds, performance bonds, completion guarantees and other obligations of a like nature incurred in the ordinary course of business and obligations in respect of letters of credit issued for the account of Parent or any of its
Restricted Subsidiaries for the payment of its obligations under any of the foregoing in the ordinary course of business and consistent with the current practice of Parent and such Subsidiaries, 

 

	 	•	 	 easements, rights-of-way, survey exceptions, restrictions (including zoning restrictions), covenants, licenses, municipal regulations, reservations of
oil, gas and mineral rights, encroachments, protrusions or other minor title deficiencies, and other similar encumbrances with respect to Real Property which do not materially adversely affect the conduct of the business of the applicable Person or
the ownership of its properties and which could not individually or in the aggregate reasonably be expected to materially adversely affect the value of said properties or materially impair their use in the operation of the business of the applicable
Person, 

  

	 	•	 	 Liens securing judgments for the payment of money that do not constitute an Event of Default under Section 8.3 of the Agreement,

  

	 	•	 	 purchase money Liens securing Indebtedness permitted under clause (c) of the definition of Permitted Indebtedness; provided, that,
(i) such Liens do not at any time encumber any property other than the property purchased or acquired financed by such Indebtedness (except that the collateral for the Indebtedness arising from the Purchase Money Indebtedness for one item of
Equipment may be collateral for other Purchase Money Indebtedness for other items of Equipment owing to the same Person) and (ii) the Indebtedness secured thereby consists only of the Indebtedness that was incurred to pay the purchase price for
the purchase or acquisition of the property and such Indebtedness does not exceed the cost or fair market value, whichever is lower, of the property being acquired on the date of acquisition; 

 

	 	•	 	 Liens in favor of customs and revenue authorities arising as a matter of law to secure payment of customs duties in connection with the importation of
goods, 

  

	 	•	 	 Liens solely on any cash earnest money deposits made by Parent or any of its Subsidiaries in connection with any letter of intent or purchase agreement
with respect to a Permitted Acquisition, 

  

	 	•	 	 Liens on assets subject to a Permitted Disposition prior to the effectiveness of such Permitted Disposition consisting of the agreement by the owner of
such assets to sell or otherwise dispose of such asset pursuant to such Permitted Disposition, 

  

	 	•	 	 Liens in favor of the 2015 Note Trustee in and on the assets and properties of Borrowers and Guarantors constituting Collateral that equally and
ratably secure the Indebtedness permitted under clause (o) of the definition of Permitted Indebtedness to the extent such Liens are required under the terms of the 2015 Note Indenture, provided, that, (i) in the event that at
any time the 

	 	 
obligation of Parent and its Subsidiaries to grant a Lien to secure the 2015 Note Obligations shall cease or no longer be applicable for any reason, then the Liens granted to the Note Trustee to
secure the 2015 Note Obligations shall automatically and without further action terminate as to such 2015 Note Obligations and (ii) such Liens are at all times subject to the terms of the 2015 Note Intercreditor Agreement,

  

	 	•	 	 Liens in favor of the Series G Noteholders in and on the assets and properties of Borrowers and Guarantors constituting Collateral that equally and
ratably secure the Indebtedness permitted under clause (q) of the definition of Permitted Indebtedness to the extent such Liens are required under the terms of the Series G Guarantee, provided, that, (i) in the event that at
any time the obligation of Parent and its Subsidiaries to grant a Lien to secure the obligations under the Series G Guarantee shall cease or no longer be applicable for any reason, then the Liens granted to the Series G Noteholders to secure the
obligations under the Series G Guarantee shall automatically and without further action terminate as to such obligations and (ii) such Liens are at all times subject to the terms of the Series G Guarantee Lien Acknowledgement,

  

	 	•	 	 Liens in favor of the Term Loan Agent in and on the assets and properties of Borrowers and Guarantors constituting Collateral to secure the
Indebtedness permitted under clause (b) of the definition of Permitted Indebtedness; provided, that, such Liens are at all times subject to the terms of the Term Loan Intercreditor Agreement, 

 

	 	•	 	 any interest or title of a lessor, sublessor, licensor or sublicensor (or their lenders) under any leases, subleases, licenses or sublicenses of
tangible assets (or agreements in connection therewith) or any intellectual property entered into by the Parent or any Restricted Subsidiary in the ordinary course of business, and any license or sublicense on a non-exclusive basis of any tangible
or intangible asset (including intellectual property) by Parent or any Subsidiary in the ordinary course of business that is a Permitted Disposition and that does not materially interfere with the business of Parent and its Subsidiaries,

  

	 	•	 	 Liens (i) of a collecting bank arising under Section 4-208 of the Uniform Commercial Code on the items in the course of collection and
(ii) in favor of a banking or other financial institution arising as a matter of law encumbering deposits or other funds or assets maintained with a financial institution (including the right of set off) and that are within the general
parameters customary in the banking industry, including, without limitation, customary liens for customary fees and expenses relating to the operation and maintenance of such deposits and (iii) consisting of rights of setoff related to, or
Liens on cash subject to, pooling arrangements in connection with cash management, 

  

	 	•	 	 (i) Liens granted in the ordinary course of business on the unearned portion of insurance premiums securing the financing of insurance premiums
and (ii) Liens on the cash surrender value of existing life insurance policies owned by Parent or any of its Restricted Subsidiaries to secure non-recourse obligations of Parent or such Subsidiary to the issuer of such insurance policies (so
that such issuer only has recourse to such cash surrender value), 

  

	 	•	 	 Liens existing on property (other than Revolving Loan Priority Collateral) at the time of its acquisition or existing on the property of any Person at
the time such Person becomes a Restricted Subsidiary, in each case after the date hereof (other than Liens on the Equity Interests of any Person that becomes a Restricted Subsidiary); provided, that, (i) such Lien was not created
in contemplation of, or in connection with, such acquisition or such Person becoming a Restricted Subsidiary, (ii) such Lien does not extend to or cover any other assets or property (other than the proceeds or products thereof and
after-acquired property subjected to a Lien pursuant to terms existing at the time of such acquisition), and (iii) the Indebtedness secured thereby (or, as applicable, Refinancing Indebtedness thereof) is permitted under clause (h) of the
definition of the term Permitted Indebtedness, 

	 	•	 	 Liens arising from precautionary UCC financing statement filings (or similar filings under other applicable Law) in connection with operating leases,
consignment of goods or similar types of transactions, 

  

	 	•	 	 Liens on assets of Restricted Subsidiaries that are Non-Loan Parties to the extent Indebtedness secured thereby is permitted under clause (g) of
the definition of Permitted Indebtedness, 

  

	 	•	 	 Liens on assets of a Non-Loan Party to secure Indebtedness of such Non-Loan Party to a Loan Party or another Non-Loan Party arising pursuant to
Investments permitted under clause (d)(ii) of the definition of Permitted Investments, 

  

	 	•	 	 options, put and call arrangements, rights of first refusal and similar rights relating to Permitted Investments in joint ventures, partnerships and
the like, and 

  

	 	•	 	 Liens on Collateral of ColorMatrix Group, Inc. or its Subsidiaries existing on the Closing Date and securing Indebtedness under the Existing Credit
Facility that has been paid in full in cash on the Closing Date; provided, that, such Liens as to Loan Parties shall be terminated and released on the Closing Date immediately without further action upon the receipt of such payment by
the lenders under such facility pursuant to the terms of the pay-off letter with respect thereto (except as to the pledge of the Equity Interests of any Foreign Subsidiaries where additional actions are required for the release of such Liens under
applicable Laws) and all agreements, documents and instruments required for the termination of the evidence or record of such Liens with any Governmental Authority shall have been delivered to Agent on the Closing Date pursuant to the terms of such
pay-off letter, 

  

	 	•	 	 other Liens on assets other than the Revolving Loan Priority Collateral to secure obligations permitted hereunder that do not exceed $50,000,000 at any
time outstanding. 

 The inclusion of Permitted Liens in this Agreement is not intended to evidence an
agreement to subordinate any Lien created by any Loan Document to any Permitted Lien. Notwithstanding anything to the contrary and except as permitted under clauses (a), (m), (n) and (o) of this definition of Permitted Liens, Parent shall
not, nor shall it permit any Restricted Subsidiary to, directly or indirectly create, incur, assume or suffer to exist any Lien upon (i) the Equity Interest of any Immaterial Subsidiary or any Person in which Parent or any Subsidiary owns any
Equity Interests other than a wholly-owned Subsidiary and (ii) Indebtedness of a Non-Loan Party that is owed to a Loan Party. 
 “Permitted Protest” means the right of Parent or any of its Subsidiaries to protest any Lien (other than any Lien that secures the Obligations), taxes (other than payroll taxes or taxes
that are the subject of a United States federal tax lien or to the exercise of the Canadian federal government supergarnish right), or rental payment, provided that • a reserve with respect to such obligation is established on
Parent’s or its Subsidiaries’ books and records in such amount as is required under GAAP, • any such protest is instituted promptly and prosecuted diligently by Parent or its Subsidiary, as applicable, in good faith, and has the
effect (or any orders entered into in connection therewith has the effect) of preventing the forfeiture or sale of the property subject to any Lien with respect thereto, and • Agent is satisfied that, while any such protest is pending,
there will be no impairment of the enforceability, validity, or priority of any of Agent’s Liens. 
 “Permitted
Purchase Money Indebtedness” means, as of any date of determination, Purchase Money Indebtedness incurred after the Closing Date in an aggregate principal amount outstanding at any one time not in excess of $35,000,000. 

 “Person” means natural persons, corporations, limited liability companies,
limited partnerships, general partnerships, limited liability partnerships, joint ventures, trusts, land trusts, business trusts, or other organizations, irrespective of whether they are legal entities, and governments and agencies and political
subdivisions thereof. 
 “Plan” means any employee benefit plan within the meaning of Section 3(3) of
ERISA (including a Pension Plan but excluding a Multiple Employer Plan or a Multiemployer Plan), maintained for employees of Parent, any of its Subsidiaries or any ERISA Affiliate or any such Plan to which Parent, any of its Subsidiaries or any
ERISA Affiliate is required to contribute on behalf of any of its employees. 
 “PPSA” means the Personal
Property Security Act (Ontario), the Civil Code of Québec or any other applicable Canadian Federal or Provincial statute pertaining to the granting, perfecting, priority or ranking of security interests, liens, hypothecs on personal property,
and any successor statutes, together with any regulations thereunder, in each case as in effect from time to time. References to sections of the PPSA shall be construed to also refer to any successor sections. 

“Priority Payables” means, as to any Borrower or Guarantor at any time, (a) the full amount of the liabilities of
such Borrower or Guarantor at such time which (i) have a trust imposed to provide for payment or a security interest, pledge, lien or charge ranking or capable of ranking senior to or pari passu with security interests, liens or charges
securing the Obligations under Federal, Provincial, State, county, district, municipal, or local law in Canada or (ii) have a right imposed to provide for payment ranking or capable of ranking senior to or pari passu with the Obligations under
local or national law, regulation or directive, including, but not limited to, claims for unremitted and/or accelerated rents, taxes, wages, withholding taxes, VAT and other amounts payable to an insolvency administrator, employee withholdings or
deductions and vacation pay, workers’ compensation obligations, government royalties or pension fund obligations in each case to the extent such trust, or security interest, lien or charge has been or may be imposed and (b) the amount
equal to the percentage applicable to Inventory in the calculation of Excess Availability multiplied by the aggregate Value of the Eligible Inventory which Agent, in good faith, considers is or may be subject to retention of title by a supplier or a
right of a supplier to recover possession thereof, where such supplier’s right has priority over the security interests, hypothecs, liens or charges securing the Obligations, including, without limitation, Eligible Inventory subject to a right
of a supplier to repossess goods pursuant to Section 81.1 of the Bankruptcy and Insolvency Act (Canada) or any applicable laws granting revendication or similar rights to unpaid suppliers or any similar laws of Canada or any other
applicable jurisdiction (provided, that, to the extent such Inventory has been identified and has been excluded from Eligible Inventory, the amount owing to the supplier shall not be considered a Priority Payable). 

“Pro Forma Financial Statements” has the meaning specified therefor in clause (j) of Schedule 3.1 of the
Agreement. 
 “Projections” means Parent’s forecasted • balance sheets, • profit and
loss statements, and • cash flow statements, all prepared on a basis consistent with Parent’s historical financial statements, together with appropriate supporting details and a statement of underlying assumptions. 

“Pro Rata Share” means, as of any date of determination: 

 

	 	•	 	 with respect to a Lender’s obligation to make US Revolving Loans and right to receive payments of principal, interest, fees, costs, and expenses
with respect thereto, • prior to the US Commitments being terminated or reduced to zero, the percentage obtained by dividing (A) such Lender’s US Commitment, by (B) the aggregate US Commitments of all Lenders, and
• from and after the time that the US Commitments have been terminated or reduced to zero, the percentage obtained by dividing 

	 	 
(A) the outstanding principal amount of such Lender’s US Revolving Loans by (B) the outstanding principal amount of all US Revolving Loans, 

 

	 	•	 	 with respect to a Lender’s obligation to participate in US Letters of Credit and Reimbursement Undertakings with respect thereto, to reimburse the
Issuing Lender with respect thereto, and right to receive payments of fees with respect thereto, • prior to the US Commitments being terminated or reduced to zero, the percentage obtained by dividing (A) such Lender’s US
Commitment, by (B) the aggregate US Commitments of all Lenders, and • from and after the time that the US Commitments have been terminated or reduced to zero, the percentage obtained by dividing (A) the outstanding principal
amount of such Lender’s US Revolving Loans by (B) the outstanding principal amount of all US Revolving Loans; provided, that, if all of the US Revolving Loans have been repaid in full and US Letters of Credit remain
outstanding, Pro Rata Share under this clause shall be determined based upon subclause (i) of this clause as if the US Commitments had not been terminated or reduced to zero and based upon the US Commitments as they existed immediately prior to
their termination or reduction to zero, 

  

	 	•	 	 with respect to a Lender’s obligation to make Canadian Revolving Loans and right to receive payments of principal, interest, fees, costs, and
expenses with respect thereto, (i) prior to the Canadian Commitments being terminated or reduced to zero, the percentage obtained by dividing (A) such Lender’s Canadian Commitment, by (B) the aggregate Canadian Commitments of all
Lenders, and (ii) from and after the time that the Canadian Commitments have been terminated or reduced to zero, the percentage obtained by dividing (A) the outstanding principal amount of such Lender’s Canadian Revolving Loans by
(B) the outstanding principal amount of all Canadian Revolving Loans, 

  

	 	•	 	 with respect to a Lender’s obligation to participate in Canadian Letters of Credit and Reimbursement Undertakings with respect thereto, to
reimburse the Issuing Lender with respect thereto, and right to receive payments of fees with respect thereto, (i) prior to the Canadian Commitments being terminated or reduced to zero, the percentage obtained by dividing (A) such
Lender’s Canadian Commitment, by (B) the aggregate Canadian Commitments of all Lenders, and (ii) from and after the time that the Canadian Commitments have been terminated or reduced to zero, the percentage obtained by dividing
(A) the outstanding principal amount of such Lender’s Canadian Revolving Loans by (B) the outstanding principal amount of all Canadian Revolving Loans; provided, that, if all of the Canadian Revolving Loans have been
repaid in full and Canadian Letters of Credit remain outstanding, Pro Rata Share under this clause shall be determined based upon subclause (i) of this clause as if the Canadian Commitments had not been terminated or reduced to zero and based
upon the Canadian Commitments as they existed immediately prior to their termination or reduction to zero, 

  

	 	•	 	 with respect to all other matters as to a particular Lender (including the indemnification obligations arising under Section 15.7 of the
Agreement), • prior to the Commitments being terminated or reduced to zero, the percentage obtained by dividing (A) such Lender’s Commitment, by (B) the aggregate amount of Commitments of all Lenders, and • from
and after the time that the Commitments have been terminated or reduced to zero, the percentage obtained by dividing (A) the outstanding principal amount of such Lender’s Revolving Loans, by (B) the outstanding principal amount of all
Revolving Loans; provided, that, if all of the Revolving Loans have been repaid in full and Letters of Credit remain outstanding, Pro Rata Share under this clause shall be determined based upon subclause (i) of this clause as if
the Commitments had not been terminated or reduced to zero and based upon the Commitments as they existed immediately prior to their termination or reduction to zero. 

“Protective Advances” has the meaning specified therefor in Section 2.2(d)(i) of the Agreement. 

 “Purchase Money Indebtedness” means Indebtedness (other than the
Obligations, but including Capitalized Lease Obligations), incurred at the time of, or within twenty (20) days after, the purchase, lease, construction, replacement, repair or improvement of any personal or real property (other than any
Revolving Loan Priority Collateral) for the purpose of financing all or any part of the costs of such purchase, lease, construction, replacement, repair or improvement thereof (including pursuant to conditional sale, title retention, consignment or
similar arrangements for the sale or purchase of goods). 
 “Qualified Cash” means, as of any date of
determination, the amount of unrestricted cash or, subject to the terms below, Cash Equivalents of US Borrowers that are (a) subject to the valid, enforceable and first priority perfected security interest of Agent in Deposit Accounts or in
Securities Accounts maintained at Wells Fargo or another Lender, which Deposit Account or Securities Account are subject to a Control Agreement (and for which Agent shall have received evidence, in form and substance reasonably satisfactory to
Agent, of the amount of such cash or Cash Equivalents held in such deposit account or investment account as of the date of such determination) (b) free and clear of any other Lien other than (i) those permitted in clause (n) of the
definition of the term Permitted Liens (but as to liens referred to in clause (n) only to the extent that Agent has established a reserve in respect thereof) and (ii) any other liens permitted under this Agreement that are subject to an
intercreditor agreement in form and substance reasonably satisfactory to Agent between the holder of such Lien and Agent. For purposes of this definition, “Qualified Cash” shall only include Cash Equivalents maturing within ninety
(90) days from the date of the acquisition thereof. 
 “Quarterly Average Excess Availability” means, at
any time, the daily average of the aggregate amount of the Excess Availability for the immediately preceding three (3) month period, commencing on the first day of such three (3) month period, as calculated by Agent in accordance with the
terms of the Agreement. 
 “Quebec Hypothec” means a hypothec, dated on or about the date of the Agreement, in
form and substance reasonably satisfactory to Agent and all other documents contemplated thereby or delivered in connection therewith, each executed and delivered by the Canadian Loan Parties. 

“Quebec Series G Guarantee Security Documents” means the deed of hypothec entered into on the date of the Agreement by
PolyOne Canada, as grantor, in favor of each Series G Noteholder, as fondé de pouvoir under article 2692 of the Civil Code of Quebec. 
 “Real Property” means any estates or interests in real property now owned or hereafter acquired by any Loan Party and the improvements thereto. 

“Real Property Collateral” means the Real Property identified on Schedule 4.5(c) and any Real Property hereafter
acquired by any Loan Party which is subject to a Lien in favor of Agent. 
 “Receiver” has the meaning
specified therefore in Section 9.3 of the Agreement. 
 “Record” means information that is
inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form. 

“Refinancing Indebtedness” means Indebtedness of any Loan Party arising after the Closing Date issued in exchange for,
or the proceeds of which are used to extend, refinance, replace or substitute for other Indebtedness to the extent permitted hereunder so long as: 
  

	 	•	 	 in the case of any Indebtedness in excess of $50,000,000, • Agent shall have received not less than five (5) Business Days’ prior
written notice of the intention to incur such Refinancing 

	 	 
Indebtedness, with reasonable detail concerning the terms of such Indebtedness and such other information with respect thereto as Agent may reasonably request and • promptly upon
Agent’s request, Agent shall have received true, correct and complete copies of all agreements, documents and instruments evidencing or otherwise related to such Indebtedness, as duly authorized, executed and delivered by the parties thereto,

  

	 	•	 	 the Refinancing Indebtedness shall have a Weighted Average Life to Maturity and a final maturity equal to or greater than the Weighted Average Life to
Maturity and the final maturity, respectively, of the Indebtedness being extended, refinanced, replaced, or substituted for, 

  

	 	•	 	 the Refinancing Indebtedness shall rank in right of payment no more senior than, and be at least subordinated (if already subordinated) to, the
Obligations as the Indebtedness being extended, refinanced, replaced or substituted for, 

  

	 	•	 	 the Refinancing Indebtedness will not have any obligors who were not obligors in respect of the Indebtedness being extended, refinanced, replaced or
substituted for, 

  

	 	•	 	 the negative covenants (including financial covenants) and events of default and collateral (if any) of any Refinancing Indebtedness shall be no less
favorable in any material respect to the Loan Parties or the Lenders than the terms of any agreement or instrument governing the Indebtedness being refinanced, refunded, renewed or extended, taken as a whole considering all of the circumstances at
the time of the incurrence of such Refinancing Indebtedness (and if secured, such Refinancing Indebtedness shall be subject to intercreditor terms no less favorable to Agent and Lenders than the terms of the Term Loan Intercreditor Agreement),

  

	 	•	 	 such Indebtedness shall be at rates and with fees or other charges that do not exceed the then applicable market rates, 

 

	 	•	 	 as of the date of incurring such Refinancing Indebtedness and after giving effect thereto, no Event of Default shall exist or have occurred and be
continuing, 

  

	 	•	 	 the principal amount of such Refinancing Indebtedness shall not exceed the principal amount of the Indebtedness so extended, refinanced, replaced or
substituted for (plus the amount of reasonable refinancing fees and expenses incurred in connection therewith outstanding on the date of such event). 

 “Reimbursement Undertaking” has the meaning specified therefor in Section 2.9(a) of the Agreement. 
 “Related Fund” means, with respect to any Lender that is an investment fund, any other investment fund that invests in commercial loans and that is managed or advised by the same
investment advisor as such Lender or by an Affiliate of such investment advisor. 
 “Remedial Action” means all
actions taken to • clean up, remove, remediate, contain, treat, monitor, assess, evaluate, or in any way address the release of Hazardous Materials in the indoor or outdoor environment, • prevent or minimize a release or
threatened release of Hazardous Materials so they do not migrate or endanger or threaten to endanger public health or welfare or the indoor or outdoor environment, • restore or reclaim natural resources or the environment,
• perform any pre-remedial studies, investigations, or post-remedial operation and maintenance activities, or • conduct any other actions with respect to the release of Hazardous Materials required by Environmental Laws.

 “Replacement Lender” has the meaning specified therefor in
Section 2.11(b) of the Agreement. 
 “Report” has the meaning specified therefor in
Section 15.16 of the Agreement. 
 “Reportable Event” means any of the events set forth in
Section 4043(c) of ERISA, other than events for which the 30 day notice period has been waived. 
 “Required
Availability” means the sum of • Excess Availability, plus • Qualified Cash shall be not less than $145,000,000; provided, that, not less than fifty percent (50%) of the sum of such amounts shall be
Excess Availability. 
 “Required Lenders” means, at any time, Lenders whose aggregate Pro Rata Shares
(calculated under clause (e) of the definition of Pro Rata Shares) exceed fifty percent (50%); provided, that, at any time there are two (2) or more Lenders, “Required Lenders” must include at least two
(2) Lenders who are not Affiliates. For purposes of calculating Pro Rata Share, the Commitments of any Defaulting Lender in determining Required Lenders at any time shall be deemed to be zero. 

“Restricted Payment” means any dividend or other distribution (whether in cash, securities or other property) with
respect to any Equity Interests of Parent or any of its Subsidiaries, or any payment (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition,
cancellation or termination of any such Equity Interests or on account of any return of capital to Parent or such Subsidiary’s stockholders, partners or members (or the equivalent Person thereof), or payment made to redeem, purchase, repurchase
or retire, or to obtain the surrender of, any outstanding warrants, options or other rights to acquire any Equity Interests of Parent or any of its Subsidiaries, or any setting apart of funds or property for any of the foregoing. 

“Restricted Subsidiary” means each Subsidiary of Parent that is not an Unrestricted Subsidiary. 

“Revolver Usage” means the sum of US Revolver Usage and Canadian Revolver Usage. 

“Revolving Loan Priority Collateral” has the meaning specified therefor in the Term Loan Intercreditor Agreement.

 “Revolving Loans” means, collectively, US Revolving Loans and Canadian Revolving Loans. 

“Sanctioned Entity” means • a country or a government of a country, • an agency of the government of
a country, • an organization directly or indirectly controlled by a country or its government, • a Person resident in or determined to be resident in a country, in each case, that is subject to a country sanctions program
administered and enforced by OFAC. 
 “Sanctioned Person” means a person named on the list of Specially
Designated Nationals maintained by OFAC. 
 “S&P” has the meaning specified therefor in the definition of
Cash Equivalents. 
 “SEC” means the United States Securities and Exchange Commission and any successor
thereto. 
 “Securities Account” means a securities account (as that term is defined in the Code). 

 “Securities Act” means the Securities Act of 1933, as amended from time to
time, and any successor statute. 
 “Security Agreement” means a security agreement, dated as of even date with
the Agreement, in form and substance reasonably satisfactory to Agent, executed and delivered by US Loan Parties. 

“Seller” means Audax ColorMatrix Holdings, LLC and each of its shareholders immediately prior to the effectiveness of
the ColorMatrix Acquisition. 
 “Series G Guarantee” means the Guarantee, dated as of December 22, 1997,
by Parent in favor of the holders of the Series G Notes, whereby Parent has guaranteed the obligations and liabilities of the SunBelt Chlor Alkali Partnership under the Series G Notes. 

“Series G Guarantee Lien Acknowledgement” means the Lien Acknowledgement, dated of even date herewith, by Agent with
respect to the Liens granted to the Series G Noteholders pursuant to the Series G Guarantee Security Agreements, as acknowledged and agreed to by Borrowers and Guarantors, acknowledging the equal and ratable Liens of the Series G Noteholders.

 “Series G Guarantee Reserve Amount” means the amount of the obligations of Parent or any of its Subsidiaries
under the Series G Guarantee. 
 “Series G Guarantee Security Agreements” means, collectively, (a) the
Security Agreement, dated of even date with the Agreement, by the Loan Parties, as grantors, in favor of each Series G Noteholder and (b) the Quebec Series G Guarantee Security Documents. 

“Series G Noteholders” means, collectively, each holder of the Series G Notes; sometimes being referred to herein
individually as a “Series G Noteholder”. 
 “Series G Notes” means the Guaranteed Secured Senior
Notes due 2017, Series G issued by SunBelt Chlor Alkali Partnership. 
 “Settlement” has the meaning specified
therefor in Section 2.2(e)(i) of the Agreement. 
 “Settlement Date” has the meaning specified
therefor in Section 2.2(e)(i) of the Agreement. 
 “Solvent” means, with respect to any Person on
any date of determination, taking into account any right of reimbursement, contribution or similar right available to such Person from other Persons, that on such date (a) the fair value of the property of such Person is greater than the total
amount of liabilities, including contingent liabilities, of such Person, (b) the present fair salable value of the assets of such Person is not less than the amount that will be required to pay the probable liability of such Person on its debts
as they become absolute and matured, (c) such Person does not intend to, and does not believe that it will, incur debts or liabilities beyond such Person’s ability to pay such debts and liabilities as they mature, (d) such Person is
not engaged in business or a transaction, and is not about to engage in business or a transaction, for which such Person’s property would constitute an unreasonably small capital, and (e) such Person is able to pay its debts and
liabilities, contingent obligations and other commitments as they mature in the ordinary course of business. The amount of contingent liabilities at any time shall be computed as 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. 

“Specified Canadian Pension Plan” means any Canadian Pension Plan which contains a “defined benefit
provision”, as defined in subsection 147.1(1) of the Income Tax Act (Canada). 

 “Subordinated Debt” shall mean any Indebtedness of a Loan Party that is
subject to, and subordinate in right of payment to, the right of Agent and Lenders to receive the prior final payment and satisfaction in cash in full of all of the Obligations and subject to such other terms and conditions as Agent may require with
respect thereto. 
 “Subsidiary” of a Person means a corporation, partnership, limited liability company, or
other entity in which that Person directly or indirectly owns or controls the Equity Interests having ordinary voting power to elect a majority of the board of directors (or appoint other comparable managers) of such corporation, partnership,
limited liability company, or other entity. 
 “Supermajority Lenders” means, at any time, Lenders whose
aggregate Pro Rata Shares (calculated under clause (e) of the definition of Pro Rata Shares) are not less than sixty six and two-thirds percent (66 2/3 %); provided, that, at any time there are two (2) or more Lenders,
“Supermajority Lenders” must include at least two (2) Lenders who are not Affiliates. For purposes of calculating Pro Rate Share, the Commitments of any Defaulting Lender in determining Supermajority Lenders at any time shall be
deemed to be zero. 
 “Swing Lender” means WFCF or any other US Lender (with respect to US Swing Loans) or
Canadian Lender (with respect to Canadian Swing Loans) that, at the request of Administrative Borrower and with the consent of Agent agrees, in such Lender’s sole discretion, to become the Swing Lender under Section 2.2(b) of the
Agreement. 
 “Swing Loans” means, collectively, US Swing Loans and Canadian Swing Loans. 

“Taxes” means any taxes, levies, imposts, duties, similar fees, assessments or other similar charges of whatever nature
now or hereafter imposed by any jurisdiction or by any political subdivision or taxing authority thereof or therein with respect to such payments and all interest, penalties or similar liabilities with respect thereto; provided, that,
Taxes shall exclude • any tax imposed on or measured by, in whole or in part, the revenue, net income, net profits, net assets, capital or net worth (and franchise taxes imposed in lieu thereof) of any Lender or any Participant (including
any branch profits taxes), in each case imposed by the jurisdiction (or by any political subdivision or taxing authority thereof) (A) in which such Lender or such Participant is organized (B) in which such Lender’s or such
Participant’s principal office is located, (C) in which such Lender or such Participant is doing business, including, for the avoidance of doubt, branch profits taxes and branch interest taxes (other than as a result of entering into any
Loan Document or taking any action contemplated thereunder), (D) in which it has a present or former connection other than as a result of the Loan Documents or taking any action contemplated thereunder or (E) in the case of any Foreign
Lender, in which its applicable Lending Office is located, in each case as a result of a present or former connection between such Lender or such Participant and the jurisdiction or taxing authority imposing the tax (other than any such connection
arising solely from such Lender or such Participant having executed, delivered or performed its obligations or received payment under, or enforced its rights or remedies under the Agreement or any other Loan Document); • taxes resulting
from a Lender’s or a Participant’s failure to comply with the requirements of Section 16(c) or (d) of the Agreement, • any branch profits taxes imposed by the United States or any similar tax imposed by
any other jurisdiction in which any Borrower is located, (iv) in the case of a Foreign Lender, any United States federal withholding taxes imposed on amounts payable to such Foreign Lender as a result of such Foreign Lender’s failure to
comply with FATCA to establish a complete exemption from withholding thereunder, and (v) any United States federal withholding taxes that would be imposed on amounts payable to a Foreign Lender based upon the applicable withholding rate in
effect at the time such Foreign Lender becomes a party to the Agreement (or designates a new lending office), except that Taxes shall include — (A) any amount that such Foreign Lender (or
its assignor, if any) was previously entitled to receive pursuant to Section 16(a) of the Agreement, if any, with respect to such withholding tax at the 

 
time such Foreign Lender becomes a party to the Agreement (or designates a new lending office), and — additional United States federal
withholding taxes that may be imposed after the time such Foreign Lender becomes a party to the Agreement (or designates a new lending office), as a result of a change in law, rule, regulation, order or other decision with respect to any of the
foregoing by any Governmental Authority. 
 “Tax Lender” has the meaning specified therefor in
Section 14.2(a) of the Agreement. 
 “Term Loan Agent” means Bank of America, N.A., in its capacity
as agent for the Term Loan Lenders, and its successors and assigns including any replacement. 
 “Term Loan
Agreement” means the Credit Agreement, dated of even date with the Agreement, among Term Loan Agent, Term Loan Lenders, Borrowers and Guarantors. 
 “Term Loan Documents” means, collectively: (a) the Term Loan Agreement and (b) all other agreements, instruments, documents and certificates executed and delivered to, or in
favor of, the Term Loan Agent or the Term Loan Lenders in connection therewith. 
 “Term Loan Facility” means
the Term Loan Agreement as it may be amended or refinanced in accordance with the terms of the Term Loan Intercreditor Agreement. 
 “Term Loan Indebtedness” means the Indebtedness evidenced by the Term Loan Documents. 
 “Term Loan Intercreditor Agreement” means the Intercreditor Agreement, dated of even date herewith, by and among Agent, Lenders, Term Loan Agent and Term Loan Lenders, as acknowledged and
agreed to by Borrowers and Guarantors, providing for such parties’ relative rights and priorities with respect to the assets and properties of Borrowers and Guarantors and related matters. 

“Term Loan Lenders” means the financial institutions from time to time party to the Term Loan Agreement as lenders,
together with their respective successors and assigns. 
 “Term Loan Priority Collateral” has the meaning
specified therefor in the Term Loan Intercreditor Agreement. 
 “Trademark Security Agreement” has the meaning
specified therefor in the Security Agreement. 
 “Transactions” means, collectively, (a) the consummation
of the ColorMatrix Acquisition, (b) the entering into by the Loan Parties and their applicable Subsidiaries of the Term Loan Documents, (c) the entering into by the Loan Parties and their applicable Subsidiaries of the Loan Documents to
which they are or are intended to be a party, (d) payment in full of all amounts due under the Existing Credit Facility, the Existing Securitization Facility, the Existing Subordinated Loan Agreement and the 2012 Notes and termination of all
Liens securing obligations under the Existing Credit Facility, the Existing Securitization Facility and/or the 2012 Notes, (e) the termination of the 2006 Guarantee and Agreement, and (f) the payment of the fees and expenses incurred in
connection with the consummation of the foregoing. 
 “2011 Notes” means the 6.58% medium term notes due 2011
issued by Parent. 
 “2015 Note Obligations” means the Indebtedness of Parent evidenced by the 2015 Notes and
governed by the 2015 Note Indenture. 

 “2015 Note Reserve Amount” means the amount of the Indebtedness and other
obligations arising under any existing Indebtedness of the Loan Parties that may at any time receive the benefit of Agent’s Liens, including the obligations arising under the 2015 Notes, until such time as Agent has received evidence, in form
and substance reasonably satisfactory to Agent, that such Indebtedness is no longer secured by Agent’s Liens. 

“2015 Notes” means the 7.500% Debentures due 2015 issued by Parent. 

“2015 Note Indenture” means the Indenture, dated as of December 1, 1995, by and between The Geon Company
(predecessor in interest to Parent) and the 2015 Note Trustee. 
 “2015 Note Intercreditor Agreement” means the
Intercreditor Agreement, dated of even date herewith, by and between Agent and the 2015 Note Trustee, as acknowledged and agreed to by Borrowers and Guarantors, providing for such parties relative rights and priorities with respect to the assets and
properties of Borrowers and Guarantors and related matters. 
 “2015 Note Security Agreement” means the
Security Agreement, dated of event date herewith, between the Loan Parties, as grantors, and the 2015 Note Trustee, as collateral agent. 
 “2015 Note Trustee” means Bank of New York Mellon Trust Company, N.A., in its capacity as trustee under the 2015 Note Indenture. 

“2006 Guarantee and Agreement” means the Guarantee and Agreement, dated June 6, 2006, among Parent, Citicorp USA,
Inc., as administrative agent, and the other financial institutions named therein. 
 “2012 Notes” means the
8.875% Senior Notes due 2012 issued by Parent. 
 “2020 Note Indenture” means, collectively, (a) the
Indenture, dated as of September 24, 2010, by and between Parent and Wells Fargo Bank, N.A., as trustee with respect to the 2020 Notes and (b) First Supplemental Indenture, dated as of September 24, 2010, by and between Parent and
Wells Fargo Bank, N.A., as trustee with respect to the 2020 Notes. 
 “2020 Notes” means the 7.375% Senior
Notes due 2020 issued by Parent. 
 “Underlying Issuer” means Wells Fargo, Bank of America, N.A. or Bank of
Montreal or one of their respective Affiliates. 
 “Underlying Letter of Credit” means a Letter of Credit that
has been issued by an Underlying Issuer. 
 “Unrestricted Subsidiary” means any Subsidiary of Parent designated
by Parent as an Unrestricted Subsidiary hereunder by written notice to Agent; provided, that, Parent shall only be permitted to so designate a Subsidiary as an Unrestricted Subsidiary after the Closing Date and so long as each of the
following conditions is satisfied: • as of the date thereof and after giving effect thereto, no Event of Default exists or has occurred and is continuing, • immediately after giving effect to such designation, Borrowers shall be in
compliance, on a pro forma basis, with the financial covenants set forth in Section 7, • such Subsidiary shall not be a Borrower hereunder, • such Unrestricted Subsidiary shall be capitalized (to the extent capitalized by the Parent
or any of its Restricted Subsidiaries) through Investments as permitted by, and in compliance with, Section 6.10, • without duplication of clause (c), any assets owned by such Unrestricted Subsidiary at the time of the initial designation
thereof shall be 

 
treated as Investments pursuant to Section 6.10, • such Subsidiary shall have been or will promptly be designated an “unrestricted subsidiary” (or otherwise not be
subject to the covenants) under the Term Loan Facility, the 2015 Notes and the 2020 Notes, if applicable, and • Agent shall have received an officer’s certificate executed by an Authorized Person of Parent, certifying compliance with the
requirements of preceding clauses (a) through (f), and containing the calculations and information required by the preceding clause (b), and (2) any subsidiary of an Unrestricted Subsidiary. Parent may designate any Unrestricted Subsidiary
to be a Restricted Subsidiary for purposes of the Agreement (each, a “Subsidiary Redesignation”); provided, that, (i) as of the date thereof, and after giving effect thereto, no Event of Default exists or has
occurred and is continuing, (ii) immediately after giving effect to such Subsidiary Redesignation, Borrowers shall be in compliance, on a pro forma basis, with the financial covenants set forth in Section 7, (iii) Agent shall have
received an officer’s certificate executed by an Authorized Person of Parent, certifying compliance with the requirements of preceding clauses (i) and (ii), and containing the calculations and information required by the preceding clause
(ii), and (iv) no Unrestricted Subsidiary that has been designated as a Restricted Subsidiary pursuant to a Subsidiary Redesignation may again be designated as an Unrestricted Subsidiary. 

“United States” means the United States of America. 

“US Borrowers” means, collectively, (a) PolyOne Corporation, an Ohio corporation, (b) GLS International, Inc.,
an Illinois corporation, (c) NEU Specialty Engineered Materials, LLC, an Ohio limited liability company, and (d) any other person that after the Closing Date becomes a US Borrower under the Agreement; sometimes being referred to herein
individually as a “US Borrower”. 
 “US Borrowing Base” means, at any time, the amount equal to:

 (a) eighty-five percent (85%) of the amount of Eligible Accounts of each US Borrower, plus 

 (b) the least of: (A) sixty-five percent (65%) multiplied by the Value of Eligible Inventory of each
US Borrower, (B) eighty-five percent (85%) percent of the Net Recovery Percentage multiplied by the Value of such Eligible Inventory or (C) fifty percent (50%) percent of the US Maximum Credit, minus, 

(c) the aggregate amount of reserves applicable to US Borrowers, if any, established by Agent under Sections 2.1(e) and
(f) of the Agreement. 
 “US Borrowing Base Certificate” means a certificate in the form of Exhibit
B-1. 
 “US Collateral” means Collateral consisting of assets or interests in assets of US Loan Parties,
and the proceeds thereof. 
 “US Commitment” means, with respect to each Lender, its US Commitment, and, with
respect to all Lenders, their US Commitments, in each case as such Dollar amounts are set forth beside such Lender’s name under the applicable heading on Schedule C-1 or in the Assignment and Acceptance pursuant to which such Lender
became a Lender under the Agreement, as such amounts may be reduced or increased from time to time pursuant to assignments made in accordance with the provisions of Section 13.1 of the Agreement. 

“US Dollar Denominated Loan” means a Revolving Loan denominated in US Dollars. 

 “US Dollar Equivalent” means at any time (a) as to any amount
denominated in US Dollars, the amount thereof at such time, and (b) as to any amount denominated in any other currency, the equivalent amount in US Dollars calculated by Agent in good faith at such time using the Exchange Rate in effect on the
Business Day of determination. 
 “US Dollars”, “US$” and “$” shall each mean lawful
currency of the United States. 
 “US Excess Availability” shall mean, as of any date of determination, the
amount equal to: • the lesser of: (i) the US Borrowing Base and (ii) the US Maximum Credit (in each case after giving effect to any applicable reserves), minus, without duplication, • the amount of the US Revolver Usage.

 “US Guarantors” means, collectively, the following (together with their respective successors and assigns):
(a) PolyOne, LLC, a Delaware limited liability company, (b) Polymer Diagnostics, Inc., an Ohio corporatioin, (c) Conexis, Inc., a Nevada corporation, (d) MA Hanna Asia Holding Company , a Delaware corporation,
(e) ColorMatrix Holdings, Inc., a Delaware corporation, (f) The ColorMatrix Corporation, an Ohio corporation, (g) Chromatics, Inc., a Connecticut corporation, (h) ColorMatrix Group Inc., a Delaware corporation,
(i) ColorMatrix - Brazil, LLC, an Ohio limited liability company, (j) Gayson Specialty Dispersions, Inc., an Ohio corporation and (k) any other Person that becomes a guarantor in respect of the US Obligations after the Closing Date
pursuant to the Agreement; sometimes being referred to herein individually as a “US Guarantor”. 
 “US
Lender” means, at any time, each Lender having a US Commitment or a US Revolving Loan owing to it or a participating interest in a US Letter of Credit or US Swing Loan; sometimes being referred to herein collectively as “US
Lenders”. 
 “US Letter of Credit Disbursement” means a payment by Issuing Lender or Underlying Issuer
pursuant to a US Letter of Credit. 
 “US Letter of Credit Usage” means, as of any date of determination, the
aggregate undrawn amount of all outstanding US Letters of Credit. 
 “US Letters of Credit” means all Letters
of Credit issued for the account of one or more US Borrowers. 
 “US Loan Account” has the meaning specified
therefor in Section 2.7 of this Agreement. 
 “US Loan Parties” means US Borrowers and US
Guarantors; each sometimes being referred to individually as a “US Loan Party”. 
 “US
Obligations” means all Obligations of the US Loan Parties (but excluding the Canadian Obligations). 
 “US
Maximum Credit” means $300,000,000 minus the then outstanding Canadian Revolver Usage, as decreased by the amount of reductions in the US Commitments in accordance with Section 2.3(c) of the Agreement or increased by the amount
of increases in the US Commitments in accordance with Section 2.12 of the Agreement (or if less, at any time the aggregate amount of the US Commitments). 
 “US Revolver Usage” means, as of any date of determination, the sum of (a) the principal amount of outstanding Loans to US Borrowers, plus (b) the amount of the US Letter of
Credit Usage. 
 “US Revolving Loans” has the meaning specified therefor in Section 2.1(a) of the
Agreement. 

 “US Swing Loan Limit” means, at any time, $50,000,000 minus the then
outstanding amount of Canadian Swing Loans. 
 “US Swing Loan” has the meaning specified therefor in
Section 2.2(b)(i) of the Agreement. 
 “US Underlying Letter of Credit” means a US Letter of Credit
issued by an Underlying Issuer. 
 “Value” shall mean, as determined by Agent in good faith, with respect to
Inventory, the lower of • cost computed on a first-in first-out method on a gross book value basis in accordance with GAAP or • market value; provided, that, for purposes of the calculation of the Borrowing Base, • the
Value of Inventory shall not include: (A) the portion of the value of Inventory equal to the profit earned by any Affiliate on the sale thereof to any Borrower or (B) write-ups or write-downs in value with respect to currency exchange
rates and • notwithstanding anything to the contrary contained herein, the cost of the Inventory shall be computed in the same manner and consistent with the most recent appraisal of Inventory received and accepted by Agent prior to the date
hereof. 
 “VAT” means Value Added Tax imposed in Canada (including Goods and Services Tax, Harmonized Sales
Tax and Québec Sales Tax). 
 “Voidable Transfer” has the meaning specified therefor in
Section 17.8 of the Agreement. 
 “Weighted Average Life to Maturity” shall mean, when applied to
any Indebtedness at any date, the number of years obtained by dividing (a) the then outstanding principal amount of such Indebtedness into (b) the total of the product obtained by multiplying (c) the amount of each then remaining
installment, sinking fund, serial maturity or other required payments of principal, including payment at final maturity, in respect thereof, by (d) the number of years (calculated to the nearest one-twelfth) that will elapse between such date
and the making of such payment. 
 “Wells Fargo” means Wells Fargo Bank, National Association, a national
banking association. 
 “WFCF” means Wells Fargo Capital Finance, LLC, a Delaware limited liability company.

 Schedule 3.1 
 Subject to the applicable provisions of the “Certain Funds Provision” (as such term is defined in the Commitment Letter and Section 3.6), the obligation of each Lender to make its initial
extension of credit provided for in the Agreement is subject to the fulfillment, to the satisfaction of each Lender (the making of such initial extension of credit by any Lender being conclusively deemed to be its satisfaction or waiver of the
following), of each of the following conditions precedent: 
 (a) Agent shall have received evidence, in form and substance
satisfactory to Agent, that Agent (or will have concurrently with the effectiveness of the Agreement) has a valid perfected first priority security interest in the Revolving Loan Priority Collateral and a valid perfected second priority security
interest in the Term Loan Priority Collateral (subordinate only to the security interests under the Term Loan Facility) and other Permitted Liens; 
 (b) Agent’s receipt of the following, each of which shall be originals or telecopies (followed promptly by originals) unless otherwise specified, each properly executed by an Authorized Officer of
the signing Loan Party, each dated the Closing Date (or, in the case of certificates of governmental officials, a recent date before the Closing Date) and each in form and substance satisfactory to Agent and each of the Lenders: 

(i) executed counterparts of the Agreement; 

(ii) a Note executed by the Borrower in favor of each Lender requesting a Note at least two Business Days prior to the
Closing Date; 
 (iii) the Security Agreement, together with related Patent Security Agreements, Trademark
Security Agreements and Copyright Security Agreements, 
 (iv) a disbursement letter executed and delivered by
each Borrower to Agent regarding the extensions of credit to be made on the Closing Date, 
 (v) the Guaranty,

 (vi) the Intercompany Subordination Agreement (other than executed counterparts of the Foreign Subsidiaries of
Parent to such Agreement, which shall be delivered after the Closing Date pursuant to and in accordance with Schedule 5.16), 
 (vii) a letter, in form and substance reasonably satisfactory to Agent, from General Electric Capital Corporation, as agent (“Existing Agent”) with respect to the Existing Credit Facility, and
termination statements and other documentation evidencing the termination by Existing Agent of its Liens in and to the properties and assets of Parent and its Subsidiaries concurrently with the effectiveness of the Agreement, 

(viii) a letter, in form and substance reasonably satisfactory to Agent, from Citicorp U.S.A., Inc., as agent
(“Existing Securitization Agent”) with respect to the Existing Securitization Facility, and termination statements and other documentation evidencing the termination by Existing Securitization Agent of its Liens in and to the properties
and assets of Parent and its Subsidiaries and the and the repurchase of all of the receivables and other assets of Parent and its Subsidiaries concurrently with the effectiveness of the Agreement, 

 (ix) a letter, in form and substance reasonably satisfactory to Agent, from
OFS Agency Services, LLC, in its capacity as US Agent and European Agent, in connection with the unsecured Indebtedness evidenced by the Existing Subordinated Loan Agreement respecting the amount necessary to repay in full all of such Indebtedness
and the release of all relevant Loan Parties from all obligations in connection with such Indebtedness and the Subordinated Loan Agreement concurrently with the effectiveness of the Agreement. 

(x) evidence, in form and substance reasonably satisfactory to Agent, that all obligations of Parent in connection with
the 2006 Guarantee and Agreement have been fully and finally discharged and terminated and that Parent has been released from all covenants binding upon it under the 2006 Guarantee and Agreement, 

(xi) a US Borrowing Base Certificate; 

(xii) a Canadian Borrowing Base Certificate; 

(xiii) Canadian Security Documents; 

(xiv) the 2015 Note Intercreditor Agreement; 

(xv) the Term Loan Intercreditor Agreement; 

(xvi) the Series G Guarantee Lien Acknowledgement; and 

(xvii) evidence, in form and substance reasonably satisfactory to Agent, of the amount of the Existing Note Secured Debt
Limit as of the Closing Date, including receiving a certificate from an Authorized Person setting forth the amount of the Existing Note Secured Debt Limit as of the date of the Agreement and the calculations that are the basis of the determination
of such amount, in reasonable detail, 
 (xviii) certified copies of each of the ColorMatrix Acquisition
Documents, duly executed by the parties thereto; 
 (xix) a certificate of merger or other confirmation
satisfactory to Arrangers of the consummation of the ColorMatrix Acquisition from the Secretary of State of the State of Delaware; and 
 (xx) copies of the Term Loan Documents, which shall be in full force and effect and all conditions to the extension of credit thereunder shall have been satisfied, 

(c) Agent shall have received a certificate from the Secretary of each Loan Party • attesting to the resolutions of such Loan
Party’s Board of Directors (or Shareholders, if applicable) authorizing its execution, delivery, and performance of this Agreement and the other Loan Documents to which such Loan Party is a party, • authorizing specific officers of such
Loan Party to execute the same, and • attesting to the incumbency and signatures of such specific officers of such Loan Party; 
 (d) Agent shall have received copies of each Loan Party’s Governing Documents, as amended, modified, or supplemented to the Closing Date, certified by the Secretary of such Loan Party; 

(e) Agent shall have received a certificate of status with respect to each Loan Party, dated within ten (10) days of the Closing
Date, such certificate to be issued by the appropriate officer of the 

 
jurisdiction of organization of such Loan Party, which certificate shall indicate that such Loan Party is in good standing in such jurisdiction; 

(f) Agent shall have received certificates of status with respect to each Loan Party, each dated within fifteen (15) days of the
Closing Date, such certificates to be issued by the appropriate officer of the jurisdictions (other than the jurisdiction of organization of such Loan Party) in which its failure to be duly qualified or licensed would have a Material Adverse Effect,
which certificates shall indicate that such Loan Party is in good standing in such jurisdictions; 
 (g) Agent shall have
received certificates of insurance, together with the endorsements thereto, as are required by Section 5.6, the form and substance of which shall be reasonably satisfactory to Agent; 

(h) Agent shall have received opinions of counsel to the Loan Parties, in form and substance reasonably satisfactory to Agent;

 (i) Borrowers shall have the Required Availability after giving effect to the initial extensions of credit hereunder and the
payment of all fees and expenses required to be paid by Borrowers on the Closing Date under this Agreement or the other Loan Documents; 
 (j) Agent shall have received: (i) projected monthly balance sheets, income statements, statements of cash flows and availability of Borrowers and Guarantors for the period through the end of the
2012 fiscal year, (ii) projected annual balance sheets, income statements, statements of cash flows and availability of Borrowers and Guarantors through the end of the 2016 fiscal year, in each case as to the projections described in clauses
(i) and (ii), with the results and assumptions set forth in all of such projections in form and substance satisfactory to the Arrangers, in good faith, and an opening pro forma balance sheet for Borrowers and Guarantors in form and substance
satisfactory to the Arrangers, in good faith, and (iii) any updates or modifications to the projected financial statements of Borrowers and Guarantors previously received by Agent, in each case in form and substance satisfactory to the
Arrangers (the “Pro Forma Financial Statements”); 
 (k) Agent shall have received evidence that Borrowers have
received (or will receive concurrently with the effectiveness of the Agreement), in immediately available funds, the proceeds of the Term Loan Facility in the amount of not less than $300,000,000, and that the proceeds thereof, together with cash of
Parent has been, or shall be on the Closing Date, used to pay the cash portion of the merger consideration for the ColorMatrix Acquisition and Agent shall have received all of the Term Loan Documents, which shall be on terms and conditions
reasonably satisfactory to the Arrangers; 
 (l) Borrowers shall have paid (or concurrently with the effectiveness of the
Agreement shall pay) all Lender Group Expenses incurred in connection with the transactions evidenced by this Agreement for which Borrowers have received notice; 
 (m) no Material Adverse Effect (as such term is defined in the draft of the ColorMatrix Acquisition Agreement) shall have occurred since December 31, 2010; 

(n) Agent shall have received a certification from the chief financial officer of Parent, in form and substance reasonably satisfactory
to Agent, that Parent and its Subsidiaries, taken as a whole, are Solvent immediately after giving effect to the transactions contemplated to occur under the Loan Documents on the date hereof; 

 (o) Agent and Lenders shall have received the payment of all fees required to be paid under
the terms of the Fee Letter (or shall be paid concurrently with the initial borrowing under the Agreement) and all expenses to be paid or reimbursed to the Agent and Arrangers that have been invoiced a reasonable period of time prior to the Closing
Date shall have been paid, in each case, from the proceeds of Revolving Loans under this Agreement; 
 (p) the accuracy
(i) in all material respects (or in all respects where qualified by materiality or material adverse effect), with respect to Parent and its Subsidiaries (before and after giving effect to the ColorMatrix Acquisition), of the Specified
Representations (as such term is defined in the Commitment Letter) and (ii) with respect to the ColorMatrix and its Subsidiaries (before and after giving effect to the ColorMatrix Acquisition), the Closing Date Representations (as such term is
defined in the Commitment Letter; 
 (q) all of the ColorMatrix Acquisition Documents, including without limitation, the
ColorMatrix Acquisition Agreement and all schedules thereto, shall be reasonably satisfactory to Agent in all material respects and contemporaneously with the closing of the facility contemplated by this Agreement, the ColorMatrix Acquisition shall
be consummated in accordance with the terms of the ColorMatrix Acquisition Agreement without any amendment or waiver thereof that may be materially adverse to the interests of Agent or any Lender, except as otherwise consented to by the Arrangers;

 (r) Agent shall have received evidence that Term Loan Agent has received the originals of the stock certificates and
membership interest certificates representing all of the issued and outstanding shares of the Equity Interests of each Domestic Subsidiary that is a Loan Party, in each case together with stock powers duly executed in blank with respect thereto; and

 (s) Agent shall have received lien, tax and judgment search results for the jurisdiction of organization of each Borrower and
Guarantor, the jurisdiction of the chief executive office of each Borrower and Guarantor and all jurisdictions in which material assets of Borrowers and Guarantors are located. 
 For purposes of determining compliance with the conditions specified in this Schedule 3.1, each Lender that has signed the Agreement shall be deemed to have consented to, approved or accepted or to be
satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless Agent shall have received notice from such Lender prior to the proposed Closing Date specifying its
objection thereto. 

 SCHEDULE 4.1 
 CAPITALIZATION OF BORROWERS AND BORROWERS’ SUBSIDIARIES 
  

							
	 Parent
	  	 Subsidiary
	  	Percentage of
Ownership	 
	PolyOne Corporation	  	Burton Rubber Company	  	 	100	% 
	PolyOne Corporation	  	ColorMatrix Group, Inc.	  	 	100	% 
	PolyOne Corporation	  	Conexus, Inc.	  	 	100	% 
	PolyOne Corporation	  	GEON Development, Inc.	  	 	100	% 
	GLS International, Inc.	  	GLS Hong Kong Limited	  	 	100	% 
	PolyOne Corporation	  	GLS International, Inc.	  	 	100	% 
	GLS International, Inc.	  	GLS Thermoplastic Alloys (Suzhou) Co., Ltd.	  	 	100	% 
	GLS International, Inc.	  	GLS Trading (Suzhou) Co., Ltd.	  	 	100	% 
	PolyOne Corporation	  	Hanna-Itasca Company	  	 	100	% 
	PolyOne Corporation	  	Hanna Proprietary Limited	  	 	100	% 
	PolyOne Corporation	  	Hollinger Development Company	  	 	100	% 
	PolyOne Corporation	  	M.A. Hanna Asia Holding Company	  	 	100	% 
	PolyOne Corporation	  	M.A. Hanna Export Services Corporation	  	 	100	% 
	PolyOne Corporation	  	M.A. Hanna Plastic Group, Inc.	  	 	100	% 
	PolyOne Corporation	  	NEU Specialty Engineered Materials, LLC	  	 	100	% 
	PolyOne Corporation	  	P.I. Europe CV	  	 	92	% 
	PolyOne LLC	  	  	 	8	% 
	PolyOne Corporation	  	Polymer Diagnostics, Inc.	  	 	100	% 
	PolyOne Corporation	  	PolyOne Canada Inc.	  	 	100	% 
	PolyOne Corporation	  	PolyOne Controladora S.A. de C.V.	  	 	100	% 
	PolyOne Corporation	  	PolyOne Funding Corporation	  	 	100	% 
	PolyOne Corporation	  	PolyOne Hong Kong Holding Ltd.	  	 	100	% 
	PolyOne Corporation	  	PolyOne International Trading (Shanghai) Co., Ltd.	  	 	100	% 
	PolyOne Corporation	  	PolyOne LLC	  	 	100	% 
	PolyOne Corporation	  	PolyOne Engineered Films, Inc.	  	 	100	% 
	PolyOne Corporation	  	PolyOne Shenzhen Co. Ltd.	  	 	100	% 
	PolyOne Corporation	  	PolyOne Singapore Pte. Ltd.	  	 	100	% 
	Conexus, Inc.	  	PolyOne Termoplasticos do	  	 	0.01	% 

							
	PolyOne Corporation	  	Brasil Ltda.	  	 	99.99	% 
	PolyOne Corporation	  	PolyOne Vinyl Compounds Asia Holdings Limited	  	 	97.2	% 
	PolyOne Corporation	  	PolyOne Wilflex Australasia Pty. Ltd.	  	 	100	% 
	M.A. Hanna Asia Holding Company	  	Star Color Co. Ltd.	  	 	100	% 
	M.A. Hanna Plastic Group, Inc.	  	L.E. Carpenter & Company	  	 	100	% 
	M.A. Hanna Plastic Group, Inc.	  	RA Products, Inc.	  	 	100	% 
	PolyOne Engineered Films, LLC	  	O’Sullivan Plastics LLC	  	 	100	% 
	PolyOne Engineered Films, LLC	  	Regalite Plastics, LLC	  	 	100	% 
	PolyOne Engineered Films, LLC	  	Shawnee Holdings, LLC	  	 	100	% 
	PolyOne Termoplásticos do Brasil Ltda.	  	Uniplen Indústria de Polímeros Ltda.	  	 	100	% 
	PolyOne Termoplásticos do Brasil Ltda.	  	Braspenco Indústria de Compostos Plásticos Ltda.	  	 	100	% 
	PolyOne Controladora, S.A. de C.V.	  	PolyOne de Mexico S.A. de C.V.	  	 	100	% 
	PolyOne Canada Inc.	  	Auseon Ltd.	  	 	80	% 
	The Geon Company Australia Limited	  	  	 	20	% 
	PolyOne Canada Inc.	  	The Geon Company Australia Limited	  	 	100	% 
	PolyOne Canada Inc.	  	LP Holdings Inc.	  	 	100	% 
	PolyOne Canada Inc.	  	PolyOne Funding Canada Corporation	  	 	100	% 
	P.I. Europe C.V.	  	PolyOne International Finance Company	  	 	100	% 
	P.I. Europe C.V.	  	PolyOne Management International Holding, S.L. (ETVE)	  	 	100	% 
	PolyOne Management International Holding, S.L. (ETVE)	  	PolyOne Corporation UK Limited – Trading Company	  	 	100	% 
	PolyOne Management International Holding, S.L. (ETVE)	  	PolyOne Espãna, S.L.	  	 	100	% 
	PolyOne Management International Holding, S.L. (ETVE)	  	PolyOne Italy Srl	  	 	100	% 
	PolyOne Management International Holding, S.L. (ETVE)	  	Polimeks Plastik Tic. Ve San. A.S.	  	 	100	% 
	PolyOne Management International Holding, S.L. (ETVE)	  	Tekno Polimer Mühendislik Plastikleri San. Ve Tic. A.S.	  	 	100	% 
	PolyOne Management International Holding, S.L. (ETVE)	  	Tekno Ticaret Mühendislik Plastikleri San. Ve. Tic. A.S.	  	 	100	% 
	PolyOne Management International Holding, S.L. (ETVE)	  	PolyOne Magyarorsza KFT.	  	 	100	% 
	PolyOne Management International Holding, S.L. (ETVE)	  	PolyOne Belgium SA	  	 	100	% 

							
	PolyOne Management International Holding, S.L. (ETVE)	  	PolyOne Poland Manufacturing Sp. Z o.o.	  	 	100	% 
	PolyOne Management International Holding, S.L. (ETVE)	  	M.A. Hanna France S.à.r.l.	  	 	100	% 
	PolyOne Management International Holding, S.L. (ETVE)	  	PolyOne Deutschland, GmbH	  	 	100	% 
	PolyOne Management International Holding, S.L. (ETVE)	  	PolyOne Luxembourg S.a.R.L.	  	 	100	% 
	PolyOne Management International Holding, S.L. (ETVE)	  	PolyOne Sweden, AB	  	 	100	% 
	PolyOne Management International Holding, S.L. (ETVE)	  	PolyOne Europe Logistics S.A.	  	 	99.9	% 
	PolyOne Belgium SA	  	  	 	0.1	% 
	PolyOne Management International Holding, S.L. (ETVE)	  	PolyOne Polska Sp. Z o.o.	  	 	99	% 
	PolyOne Belgium SA	  	  	 	1	% 
	PolyOne Management International Holding, S.L. (ETVE)	  	PolyOne CR s.r.o.	  	 	98	% 
	PolyOne Belgium SA	  	  	 	2	% 
	M.A. Hanna France S.à.r.l.	  	PolyOne France S.A.S.	  	 	100	% 
	PolyOne Deutschland, GmbH	  	PolyOne Color and Additives Germany, GmbH	  	 	100	% 
	PolyOne Deutschland, GmbH	  	PolyOne Th. Bergmann, GmbH	  	 	100	% 
	PolyOne Luxembourg S.a.R.L.	  	PolyOne Korea, Ltd.	  	 	100	% 
	PolyOne Vinyl Compounds Asia Holdings Limited	  	PolyOne (Dongguan) Vinyl Compounds Company Ltd.	  	 	100	% 
	PolyOne Hong Kong Holding Limited	  	PolyOne Suzhou, China	  	 	100	% 
	PolyOne Hong Kong Holding Limited	  	PolyOne Shanghai, China	  	 	100	% 
	PolyOne Singapore Pte. Ltd.	  	PolyOne Polymers India Pvt. Ltd	  	 	100	% 
	PolyOne Singapore Pte. Ltd.	  	PolyOne Japan K.K.	  	 	100	% 
	ColorMatrix Group, Inc.	  	ColorMatrix Holdings, Inc.	  	 	100	% 
	ColorMatrix Holdings, Inc.	  	The ColorMatrix Corporation	  	 	100	% 
	The ColorMatrix Corporation	  	Chromatics, Inc.	  	 	100	% 
	The ColorMatrix Corporation	  	ColorMatrix – Brazil, LLC	  	 	100	% 
	The ColorMatrix Corporation	  	Gayson Silicone Dispersions, Inc.	  	 	100	% 
	ColorMatrix Group, Inc.	  	ColorMatrix Plastic Colorant (Suzhou) Co. Ltd.	  	 	100	% 
	ColorMatrix Holdings, Inc.	  	ColorMatrix Asia Limited	  	 	100	% 

					
	ColorMatrix Holdings, Inc.	  	ColorMatrix UK Holdings Ltd.	  	100%
	ColorMatrix – Brazil, LLC	  	ColorMatrix Argentina S.A.	  	95%
	The ColorMatrix Corporation	  	  	5%
	ColorMatrix – Brazil, LLC	  	ColorMatrix do Brasil Industria e Comercio de Pigmentos e Aditivos Ltda.	  	95.18%
	ColorMatrix South America, Ltd.	  		  	4.82%
	ColorMatrix – Brazil, LLC	  	ColorMatrix Mexico S.A. de C.V.	  	 99% (fixed)
 100% (variable)

	The ColorMatrix Corporation	  	  	1% (fixed)
	ColorMatrix – Brazil, LLC	  	ColorMatrix South America, Ltd.	  	100%
	ColorMatrix UK Holdings Limited	  	ColorMatrix Europe Limited	  	83.81%
	ColorMatrix Group, Inc.	  	  	16.19%
	ColorMatrix Europe Limited	  	Seola ApS Holding	  	100%
	ColorMatrix Europe Limited	  	ColorMatrix Europe BV	  	100%
	ColorMatrix Europe Limited	  	ColorMatrix U.K. Limited	  	100%
	Seola ApS Holding	  	Colorant Chromatics AG	  	100%
	ColorMatrix Europe BV	  	ColorMatrix Russia LLC	  	100%
	Colorant Chromatics AG	  	Shanghai Colorant Chromatics Co, Ltd.	  	100%
	Colorant Chromatics AG	  	Colorant Chromatics Trading (Shanghai) Co., Ltd.	  	100%
	Colorant Chromatics AG	  	Colorant Chromatics AB	  	100%
	Colorant Chromatics AG	  	Colorant GmbH	  	100%
	ColorMatrix Europe Limited	  	Malachite Group Limited	  	100%
	PolyOne Corporation	  	Canadian Films Venture Inc.	  	100%

 SCHEDULE 4.5(c) 

REAL PROPERTY 
  

											
	 Record Owner
	  	 Address
	  	Book Value (which value
may also include
equipment values)	 	  	Value Per County
Tax
Website5	 
	 PolyOne Corporation

and
 The Geon Company

(now known as PolyOne Corporation)
	  	 Avon Lake, Ohio Campus
 which
consists of buildings and land located at the following addresses in Avon Lake, Ohio (Lorain County):
 33587 Walker Road;

552 Moore Road, Bldg 482;
 554 Moore
Road;
 Property on the following streets (and in each case, street numbers are not available): Rosehill Ave,
Elberton Ave and

Greenhill Avenue
	  	$	64,654,580.67	  	  	$	13,520,100	  
	 D H Compounding Company
 (now
known as PolyOne Corporation)
	  	 1260 Carden Farm Drive,

Clinton, TN 37716
	  	$	5,366,595.37	  	  	$	6,169,000	  
	M.A. Hanna Company (now known as PolyOne Corporation)	  	 107 Jackson Street,
 Dyersburg,
TN
	  	$	9,103,466.60	  	  	$	3,958,000	  
	 P.M.S. Consolidated
 (now known
as PolyOne Corporation)
	  	 2400 E. Devon Avenue,
 Elk
Grove Village, IL 60007
	  	$	5,273,257.47	  	  	$
  
	519,698

(assessed value)
	  
   

  

	5 	 The amount listed in this column is based solely on the information made available on applicable county tax website. Depending on the applicable
county’s nomenclature, this amount may have been referenced on the applicable county website as the “fair market value,” “cash value,” “full cash value”, “appraised value”, “property value” or
similar term. In some cases and where noted, an “assessed value” is the only value that was available on the applicable county website. 

  

											
	 Record Owner
	  	 Address
	  	Book Value (which value
may also include
equipment values)	 	  	Value Per County Tax
Website5	 
	 Allied Color Industries Inc.

(now known as PolyOne Corporation)
	  	 7601 North Glen Harbor Blvd.,

Glendale, AZ 85307
	  	$	4,410,197.78	  	  	$	3,170,900	  
	The Geon Company (now known as PolyOne Corporation)	  	 1546 County Rd 1450 North,

Henry, IL 61537
	  	$	12,385,906.42	  	  	$
 	4,041,798
(assessed value)	  
  
	Winflex Inc. (now known as PolyOne Corporation)	  	8155 Cobb Center Drive, Kennesaw, GA 30152	  	$	4,081,936.16	  	  	$	5,836,600	  
	M. A. Hanna Company (now known as PolyOne Corporation)	  	 2513 Highland Avenue,

Bethlehem, PA 18020
	  	$	9,168,746.29	  	  	$	2,351,400	  
	The Geon Company (now known as PolyOne Corporation)	  	2104 East 223rd Street, Carson, CA 90745	  	$	5,195,572.72	  	  	$	3,408,721	  
	PolyOne Corporation	  	1675 Navarre Rd, Massillon, OH 44646	  	$	4,491,847.37	  	  	$	5,907,000	  
	Water Street Enterprises Inc. (now known as PolyOne Corporation)	  	 733 East Water Street, North

Baltimore, OH 45872
	  	$	2,033,786.40	  	  	$	1,704,600	  
	PolyOne Corporation	  	80 North West Street, Norwalk, OH 44587	  	$	4,615,217.17	  	  	$	1,215,700	  

											
	 Record Owner
	  	 Address
	  	Book Value (which value
may also include
equipment values)	 	  	Value Per County Tax
Website5	 
	PolyOne Corporation	  	 Pasadena, TX Campus,
 which
consists of buildings and land located at the following addresses in Pasadena, Texas (Harris County):
 4402 and 4403A Pasadena Freeway –
Hwy 225 W, Pasadena, TX 77503
 And 4403 LaPorte Freeway
	  	$	10,103,763.14	  	  	$	10,383,156.00	  
	M A Hanna Company (now known as PolyOne Corporation)	  	 Seabrook, TX Campus,
 which
consists of buildings and land located at the following addresses in Seabrook, Texas (Harris County):
 10100 Porter Road;

5200 Hwy 146;
 FM 146 ST;

5780 Highway 146; 5306 Hwy 146; additional property on Hwy 146 (no specific street numbers)
	  	$	31,752,231.91	  	  	$	37,170,162.00	  
	The Geon Company (now known as PolyOne Corporation)	  	 Route 130 and Porcupine Rd.,

Pedricktown, NJ 08067
	  	$	8,405,674.87	  	  	$
  
	30,500,000

(assessed value)
	  
   

	Dennis Chemical Co. (now known as PolyOne Corporation)	  	 2700 Papin Street,
 St. Louis,
MO 63103
	  	$	1,744,026.36	  	  			
	PolyOne Corporation	  	204 Industrial Park Drive, Sullivan,
MO 63080	  	$	1,155,777.91	  	  	$	760,140	  
	M A Hanna Company (now known as PolyOne Corporation)	  	2900 Shawnee Industrial Way,
Suwanee, GA 30024	  	$	3,114,509.02	  	  	$
  
	2,143,200

(assessed value)
	  
   

  

											
	 Record Owner
	  	 Address
	  	Book Value (which 
value
may also include equipment
values)	 	 	Value Per County Tax
Website5	 
	 The Geon Company (now known as

PolyOne Corporation)
	  	3100 North 35th Street, Terre Haute, IN 47804	  	$	6,954,328.21	  	 	$	2,363,700	  
	Avecor Inc (now known as PolyOne Corporation)	  	 245 Avecor Drive, Niles Ferry Industrial Pkwy,
 Vonore TN 37885
	  	$	6,896,133.85	  	 	$	1,563,900	  
	The Geon Company (now known as PolyOne Corporation)	  	4250 Bells Lane, Louisville KY 40211	  	$	2,991,250.98	  	 	$
  
	764,300
 (assessed value
	  
 ) 

	PolyOne Corporation	  	2206 Industrial Parkway, Calvert City, KY. (Also referenced as 2468 Industrial Parkway, Calvert City, KY). Site consists of multiple parcels.	  	 	0	  	 			
	PolyOne Canada Inc.	  	 15 and 17 Tideman Drive

Orangeville ON, Canada L9W 3K3
	  	$
  
 $
  
 $
  
	3,650,888
 (consists of

1,683,765

Compound; and

1,967,123

Plasticizer
	  
   

  
   

  
 ) 
	 			
	PolyOne Canada Inc.	  	 177 St Andre St
 PO Box
606
 St Remi de Napierville QB, Canada J0L 2L0
	  	$	1,668.238	  	 			
	PolyOne Canada Inc.	  	77 S. David Street, Lindsay, ON Canada	  	 	0	  	 			
	PolyOne Corporation	  	 7 Guenther Boulevard
 St.
Peters, MO
	  				 	$	974,060	  
	PolyOne Corporation	  	 3601 Joint Venture Lane

Louisville, KY
	  	 	NA – Property will be sold	  	 	 	NA – Property will be sold	  
	PolyOne Corporation (as successor to The Hanna Mining Company).	  	 Itasca, MN
 Parcel No.
25-020-4401; 25-5200-0120
	  	 	NA – Property will be sold	  	 	 	NA - Property will be sold	  

											
	 Record Owner
	  	 Address
	  	Book Value (which 
value
may also include equipment
values)	 	  	Value Per County Tax
Website5	 
	PolyOne Corporation	  	1804-1808 River Road Burlington, NJ	  	 	NA – Property will be sold	  	  	 	NA – Property will be sold	  
	PolyOne Corporation	  	 DeForest, WI
 Parcel ID Number:
118/0910-084-8020-1
	  	 	NA – Property will be sold	  	  	 	NA – Property will be sold	  
	PolyOne Corporation	  	 21300 Doral Road
 Brookfield,
WI
	  	 	NA – Property will be sold	  	  	 	NA – Property will be sold	  
	PolyOne Canada Inc.	  	 Niagara Falls, ON Canada

Parcel ID Number: Parts 25, 26, 27 and 33, Plan 59R - 10639 - PIN 64262-0005; Part 32, Plan 59R-10639 (was Part 1, Plan 59R-6285)-PIN 640058-0026; Part
23, Plan 59R-10639 (was Part 4, Plan 59R-6285)-PIN 640058-0148
	  	 	NA – Property will be sold	  	  	 	NA – Property will be sold	  
	Chromatics, Inc.	  	 19 Francis J. Clarke Circle

Bethel, CT 06801
	  				  	$	1,670,600	  

 SCHEDULE 4.5(d) 

LEASES 
 PolyOne
Entities 
  

					
	 Entity Name
	  	 Address
	  	 Lessor (Including Address)

	 PolyOne Corporation
	  	Groton-Shirley Road, S.E.,
Ayer, MA 01432	  	GFI Ayer, L.L.C, 133 Pearl Street, Suite 400, Boston, MA 02110, Attention: Steven E. Goodman
			
	 PolyOne Corporation
	  	11400 Newport Drive, Suites A/B/C, Rancho Cucamonga, CA 91730	  	Krausz RC Properties One, LLC, 44 Montgomery Street, Suite 3300, San Francisco, CA 94104
			
	 PolyOne Corporation
	  	1610 Phillips Street, Dyersburg, TN 38024	  	CDSF LTD., LLC, 2207 Kimball Rd., S.E., P.O. Box 20109, Canton, OH 44701, Attention: Douglas J. Sibila
			
	 PolyOne Corporation
	  	3160 Neil Armstrong Blvd., Suite F04, Eagan, MN 55121	  	AMB Property, L.P., c/o CB Richard Ellis, Inc, 7760 France Avenue South, Suite 770, Minneapolis, MN 55435-5852; with a copy to: AMB Property Corporation, Attn: Asset Manager –
Minneapolis, Pier 1, Bay 1, San Francisco, CA 94111
			
	 PolyOne Distribution Company (now known as PolyOne Corporation)
	  	114 Morehead Rd., Statesville, NC 28677	  	CDSF LTD. LLC, 2207 Kimball Rd., S.E., P.O. Box 20109, Canton, OH 44701, Attention: Douglas J. Sibila
			
	 PolyOne Corporation
	  	225 Industrial Drive, Vonore, TN 37885	  	Ken and Leyanne Harper, 3601 HELMSLEY COURT, Maryville, TN 37803
			
	 PolyOne Corporation
	  	1414 Lowell Street, Elyria, OH 44035	  	Northern Ohio Associates Limited Partnership, c/o RBS Mansfield Corp., 247 W. 87th Street, Suite 8G, New York, NY 10024
			
	 PolyOne Corporation
	  	10100 Porter Road, LaPorte, TX 77571	  	 Granite Underwood Distribution Centers
 P.O. Box 843856
 Dallas, TX 75284-3856
 Note: Property is managed by Holt Lundsford Commercial

			
	 PolyOne Corporation
	  	7755 National Turnpike, Unit 130, Louisville, KY 40214	  	LIT Industrial Limited Partnership, 2650 Cedar Springs Rd., Suite 850, Dallas, TX 75204, Attention: James C. Hendricks; with a copy to: Fortis Group, LLC, 462 S. Fourth St., Suite
1810, Louisville, KY 40202, Attention: Property Manager/LIC

					
	 PolyOne Canada Inc.
	  	 30 Driver Road
 Brampton ON,
Canada L6T 5V2
	  	Airport 407 Business Campus Inc., Suite 500, 10 Carlson Court, Etobicoke, ON M9L 6L2, Attention: VP, Property Management; with a copy to: Airport 407 Business Campus Inc., Suite
300, 55 University Avenue, Toronto, ON M5J 2H7, Attention: Asset Manager
			
	 PolyOne Corporation
	  	1275 Windham Pkwy, Romeoville, IL 60446	  	Offices at Windham Lakes I LLC, 701 West Erie, Chicago, IL 60610, Attention: Steven Kersten, Manager; with copies to: David H. Sachs, Esq., Aronberg Goldgehn Davis & Garmisa,
330 N. Wabash, Suite 1700, Chicago, IL 60611; and to: Nicolson Porter & List, 1300 West Higgins Road, Park Ridge, IL 60068
			
	 PolyOne Corporation
	  	3910 Third Parkway, Terre Haute, Indiana	  	Distributors Terminal Corporation, P.O. Box 3287, Terre Haute, IN 47803
			
	 GLS Corporation

(now known as PolyOne Corporation)
	  	 921 Ridgeview Drive,
 McHenry,
IL
  
 and

 
 831 Ridgeview Drive, McHenry, IL
	  	 Stantine Limited Partnership

Attn: Steven L. Dehmlow
 85 W Algonquin Road,
Suite 600
 Arlington Heights, IL 60005
  

With a copy to
 Elizabeth S. Perdue,
Esq.
 Morgan, Lewis & Bockius LLP

77 West Wacker Drive
 Chicago, IL
60601

			
	 GLS Corporation (now known as PolyOne Corporation)
	  	833 Ridgeview Road, McHenry, IL	  	 Kingsbury Limited Partnership

Attn: Steven L. Dehmlow
 85 W Algonquin Road,
Suite 600
 Arlington Heights, IL 60005
  

With a copy to
 Elizabeth S. Perdue,
Esq.
 Morgan, Lewis & Bockius LLP

77 West Wacker Drive
 Chicago, IL
60601

			
	 NEU Specialty Engineered Materials, LLC
	  	 15 Corporate Drive, North Haven, CT 06473
 (New Haven County)
	  	 Curtis P. Smith c/o MMSG, LLC

254 North Rolling Acres
 Chesire, CT
06410
  
 With a copy to:

David Wayne Winters
 315 Highland
Avenue
 Chesire, CT 06410

 ColorMatrix Entities 

 

					
	 Entity Name
	  	 Address
	  	 Lessor (Including Address)

	 The ColorMatrix

Corporation
	  	30 2nd St. S.W., Barberton, OH 44203	  	Barberton Community Development Corporation, 542 W. Tuscarawas Ave., Barberton, OH 44203
			
	 The ColorMatrix

Corporation
	  	Richland Industrial Park, 7204 Burns Street, Forth Worth, Texas	  	LBM Management, P.O. Box 471105, Fort Worth, TX 76147
			
	 The ColorMatrix

Corporation
	  	680 N. Rocky River Drive, Berea, OH	  	 680 North LLC
 Attn: Shimon
Eckstein
 c/o Eckstein Properties
 60
Broad St., Suite 3503
 New York, NY 10004

 SCHEDULE 4.6(a) 

STATES OF ORGANIZATION 

Loan Parties 
  

			
	 Entity Name
	  	
Jurisdiction of
Organization

	 PolyOne Corporation
	  	Ohio
	 Conexus, Inc.
	  	Nevada
	 GLS International, Inc.
	  	Illinois
	 M.A. Hanna Asia Holding Company
	  	Delaware
	 NEU Specialty Engineered Materials, LLC
	  	Ohio
	 PolyOne LLC
	  	Delaware
	 Polymer Diagnostics, Inc.
	  	Ohio
	 PolyOne Canada Inc.
	  	Canada
	 ColorMatrix Group, Inc.
	  	Delaware
	 ColorMatrix Holdings, Inc.
	  	Delaware
	 The ColorMatrix Corporation
	  	Ohio
	 Chromatics, Inc.
	  	Connecticut
	 ColorMatrix - Brazil, LLC
	  	Ohio
	 Gayson Silicone Dispersions, Inc.
	  	Ohio

 Other Subsidiaries 
  

			
	 Entity Name
	  	
Jurisdiction of
Organization

	 Auseon Ltd.
	  	Australia
	 Braspenco Indústria de Compostos Plásticos Ltda.
	  	Brazil
	 Burton Rubber Company
	  	Ohio
	 GEON Development, Inc.
	  	Ohio
	 GLS Hong Kong Limited
	  	China
	 GLS Thermoplastic Alloys (Suzhou) Co., Ltd
	  	China
	 GLS Trading (Suzhou) Co., Ltd.
	  	China
	 M.A. Hanna France S.à.r.l.
	  	France
	 Hanna Proprietary Limited
	  	Ohio
	 Hanna-Itasca Company
	  	Ohio
	 L. E. Carpenter & Company
	  	Ohio
	 LP Holdings Inc.
	  	Canada
	 M.A. Hanna Export Services Corporation
	  	Ohio
	 M.A. Hanna Plastic Group, Inc.
	  	Ohio
	 MAG International
	  	Ohio
	 O’Sullivan Plastics LLC
	  	Ohio
	 P.I. Europe C.V.
	  	Netherlands
	 Paramount Coal Company
	  	Ohio
	 Pilot Knob Pellet Co.
	  	Ohio

			
	 Polimeks Plastik Tic. ve San. A.S.
	  	Turkey
	 PolyOne (Dongguan) Vinyl Compounds Company Ltd.
	  	China
	 PolyOne Belgium SA
	  	Belgium
	 PolyOne Color and Additives Germany, GmbH
	  	Germany
	 PolyOne Controladora, S.A. de C.V.
	  	Mexico
	 PolyOne Corporation UK Limited – Trading Company
	  	United Kingdom
	 PolyOne CR s.r.o.
	  	Czech Republic
	 PolyOne de Mexico S.A. de C.V.
	  	Mexico
	 PolyOne Deutschland, GmbH
	  	Germany
	 PolyOne Engineered Films, LLC
	  	Ohio
	 PolyOne Espãna, S.L.
	  	Spain
	 PolyOne Europe Logistics S.A.
	  	Belgium
	 PolyOne France S.A.S.
	  	France
	 PolyOne Funding Canada Corporation
	  	Canada
	 PolyOne Funding Corporation
	  	Ohio
	 PolyOne Hong Kong Holding Limited
	  	Hong Kong
	 PolyOne International Finance Company
	  	Ireland
	 PolyOne International Trading (Shanghai) Co., Ltd.
	  	China
	 PolyOne Italy Srl
	  	Italy
	 PolyOne Japan K.K.
	  	Japan
	 PolyOne Korea, Ltd.
	  	Korea
	 PolyOne Luxembourg S.a.R.L.
	  	Luxembourg
	 PolyOne Magyarorsza KFT.
	  	Hungary
	 PolyOne Management International Holding, S.L. (ETVE)
	  	Spain
	 PolyOne Poland Manufacturing Sp. z o.o.
	  	Poland
	 PolyOne Polska Sp. z o.o.
	  	Poland
	 PolyOne Polymers India Pvt. Ltd
	  	India
	 PolyOne Shanghai, China
	  	China
	 PolyOne Shenzhen Co., Ltd.
	  	China
	 PolyOne Singapore Pte. Ltd.
	  	Singapore
	 PolyOne Suzhou, China
	  	China
	 PolyOne Sweden, AB
	  	Sweden
	 PolyOne Termoplásticos do Brasil Ltda.
	  	Brazil
	 PolyOne Th. Bergmann, GmbH
	  	Germany
	 PolyOne Vinyl Compounds Asia Holdings Limited
	  	British Virgin Islands
	 PolyOne Wilflex Australasia Pty. Ltd.
	  	Australia
	 RA Products, Inc.
	  	Michigan
	 Regalite Plastics, LLC
	  	Massachusetts
	 Shawnee Holdings, LLC
	  	Virginia
	 Star Color Co., Ltd.
	  	Thailand
	 Sunbelt Chloralkali Partnership
	  	Delaware
	 Tekno Polimer Mühendislik Plastikleri San. ve Tic. A.S.
	  	Turkey
	 Tekno Ticaret Mühendislik Plastikleri San. ve. Tic. A.S.
	  	Turkey
	 The Geon Company Australia Limited
	  	Australia
	 Uniplen Indústria de Polímeros Ltda.
	  	Brazil

			
	 Hansand Steamship Company
	  	Ohio
	 ColorMatrix Plastic Colorant (Suzhou) Co. Ltd.
	  	China
	 ColorMatrix Asia Limited
	  	Hong Kong
	 ColorMatrix Mexico S.A. de C.V.
	  	Mexico
	 ColorMatrix Argentina S.A.
	  	Argentina
	 ColorMatrix South America Ltd.
	  	British Virgin Islands
	 ColorMatrix do Brasil INdustria e Comercio de Pigmentos e Aditivos Ltda.
	  	Brazil
	 ColorMatrix UK Holdings Limited
	  	United Kingdom
	 ColorMatrix Europe Limited
	  	United Kingdom
	 Seola ApS Holding
	  	Denmark
	 ColorMatrix Europe BV
	  	Netherlands
	 ColorMatrix U.K. Limited
	  	United Kingdom
	 ColorMatrix Russia LLC
	  	Russia
	 Shanghai Colorant Chromatics Co. Ltd.
	  	China
	 Colorant Chromatics Trading (Shanghai) Co., Ltd.
	  	China
	 Colorant Chromatics AB
	  	Finland
	 Colorant GmbH
	  	Germany
	 Malachite Group Limited
	  	British Virgin Islands
	 Canadian Films Venture Inc.
	  	Canada

 SCHEDULE 4.6(b) 

CHIEF EXECUTIVE OFFICES 
  

			
	 Entity Name
	  	 Chief Executive Office

	 PolyOne Corporation
	  	 33587 Walker Rd
 Avon Lake,
Ohio 44012

		
	 Conexus, Inc.
	  	 33587 Walker Rd
 Avon Lake,
Ohio 44012

		
	 GLS International, Inc.
	  	 833 Ridgeview Dr
 McHenry,
IL 60050

		
	 M.A. Hanna Asia Holding Company
	  	 33587 Walker Rd
 Avon Lake,
Ohio 44012

		
	 NEU Specialty Engineered Materials, LLC
	  	 15 Corporate Dr.
 North
Haven, CT 06473

		
	 PolyOne LLC
	  	 33587 Walker Rd
 Avon Lake,
Ohio 44012

		
	 Polymer Diagnostics, Inc.
	  	 33587 Walker Rd
 Avon Lake,
Ohio 44012

		
	 PolyOne Canada Inc.
	  	 15 Tideman Drive, Orangeville,
 Ontario, Canada L9W 3K3

		
	 ColorMatrix Group, Inc.
	  	 680 North Rocky River Dr

Berea, Ohio 44017

		
	 ColorMatrix Holdings, Inc.
	  	 680 North Rocky River Dr

Berea, Ohio 44017

		
	 The ColorMatrix Corporation
	  	 680 North Rocky River Dr

Berea, Ohio 44017

		
	 Chromatics, Inc.
	  	 19 Francis J Clarke Circle,

Bethel, CT 06801

		
	 ColorMatrix - Brazil, LLC
	  	 680 North Rocky River Dr

Berea, Ohio 44017

		
	 Gayson Silicone Dispersions, Inc.
	  	 30 Second Street SW

Barberton, Ohio 44203

 SCHEDULE 4.6(c) 

ORGANIZATIONAL IDENTIFICATION NUMBERS 
  

			
	 Entity Name
	  	Federal Tax I.D. No.
	 PolyOne Corporation
	  	34-1730488
	 Conexus, Inc.
	  	34-1927668
	 GLS International, Inc.
	  	36-4468840
	 M.A. Hanna Asia Holding Company
	  	34-1711629
	 NEU Specialty Engineered Materials, LLC
	  	80-0511592
	 PolyOne LLC
	  	76-0735367
	 Polymer Diagnostics, Inc.
	  	34-1849104
	 PolyOne Canada Inc.
	  	427700-7
	 ColorMatrix Group, Inc.
	  	20-4915111
	 ColorMatrix Holdings, Inc.
	  	20-4822104
	 The ColorMatrix Corporation
	  	34-1256877
	 Chromatics, Inc.
	  	57-0742795
	 ColorMatrix - Brazil, LLC
	  	N/A
	 Gayson Silicone Dispersions, Inc.
	  	22-2239967

 SCHEDULE 4.11 
 BENEFIT PLANS 
 Parent withdrew from the National Integrated Group Pension Plan (a
Multiemployer Plan) effective October 31, 2010. 

 SCHEDULE 4.12 
 ENVIRONMENTAL MATTERS 
 None. 

 SCHEDULE 4.17 
 MATERIAL CONTRACTS 
  

	1.	Indenture, dated as of December 1, 1995, between the Parent and NBD Bank, as trustee. 

 

	2.	Indenture, dated as of September 24, 2010, between the Parent and Wells Fargo Bank, N.A., as trustee. 

 

	3.	First Supplemental Indenture, dated as of September 24, 2010, between the Parent and Wells Fargo Bank, N.A., as trustee. 

 

	4.	Amended and Restated Letter Agreement, dated as of July 16, 2008, between the Company and Stephen D. Newlin, originally effective as of February 13, 2006.

  

	5.	Purchase Agreement, dated as of February 28, 2011, by and between PolyOne Corporation and Olin Corporation. 

 

	6.	Guarantee by the Company in Favor of Sunbelt Chlor Alkali Partnership of the Guaranteed Secure Senior Notes due 2017, dated December 22, 1997.

  

	7.	Agreement and Plan of Merger, dated as of September 30, 2011, by and among PolyOne Corporation, 2011 ColorNewton, Inc., ColorMatrix Group, Inc., and Audax
ColorMatrix Holdings, LLC. 

 SCHEDULE 4.28(a) 

THIRD PARTY LOCATIONS 

Warehouseman or Bailee 
 PolyOne Entities 
  

					
	 Entity Name
	  	 Warehouseman or Bailee
	  	 Location

	 PolyOne Corporation
	  	 Plastic Express
 15450 Salt
Lake Avenue
 City of Industry, CA 91745

Attention: Ray Hufnagel
	  	 4200 Industry Drive East, Suite A
 Fife, WA (Tacoma Location) and
 151 Fieldcrest, Edison, NJ

			
	 PolyOne Corporation
	  	 Pulse Logistics
 P.O. Box
4944
 1048 N. Monroe
 Kansas City, MO
64120
	  	 1600 N. 291 Hwy,
 Carefree
Industrial Park Red Tunnel – Unit #950, Independence, MO 64058

			
	 PolyOne Corporation
	  	 Aspen Distribution, Inc.
 Attn:
Terry Brewer
 PO Box 39108
 10875 East
40th Avenue

Denver, CO 80239
	  	 10875 East 40th Avenue

Denver, CO 80239

			
	 PolyOne Corporation
	  	 Major Prime Plastics, Inc

Attn: John Hadley
 P.O. Box 6240

649 N. Ardmore Avenue
 Villa Park, IL
60181
	  	 649 N. Ardmore Avenue
 Villa
Park, IL 60181

			
	 PolyOne Corporation
	  	 G&D Trucking, Inc
 Durkee
Road
 BNSF Tracks (aka G & D Trucking
 26062 Frontage Road) 5281-5289
 Channahon, IL 60410
	  	 Durkee Road
 BNSF Tracks (aka G
& D Trucking 26062 Frontage Road) 5281-5289
 Channahon, IL 60410

			
	 PolyOne Corporation
	  	 Priority Transportation, Inc.

Attn: Charles Rivera
 P.O. Box 3894 Marina
Station
 Bo. Mani
 Mayaguez, Puerto
Rico 00681
	  	 5412 Road 64
 KM01

Mayaguez, PR

			
	 PolyOne Corporation
	  	 Pulse Transportation Services, Inc.
 P.O. Box 4944
 1048 N. Monroe
 Kansas City, MO 64120
 Attention: Stephen Pulse - President
	  	 1600 N. 291 Hwy.
 Carefree
Industrial Park Red Runnel
 Unit #950

Independence, MO and
 3900 Empire Road

Kansas City, MO

  

					
	 PolyOne Corporation
	  	 Stagecoach Cartage & Distribution, Inc.
 Attn: Scott McLaughlin
 7167 Chino Dr.
 El Paso, TX 79915
	  	 7167 Chino Dr. El
 Paso, TX
79915
 8900 San Gabriel
 Laredo,
TX

			
	 PolyOne Corporation
	  	 Quality Distribution, Inc.

Attn: Sita Jasper
 421 John Glenn Road

Salt Lake City, UT 84116
	  	 421 John Glenn Road
 Salt Lake
City, UT 84116

			
	 PolyOne Corporation
	  	 Total Transportation Solutions Inc.
 20 Casebridge Court
 Scarborough, ON M1B 3M5

Canada
 Attention: Mr. Scott
Pustai
	  	
5003-52nd Ave. S.E.
 Calgary, Alberta
 Canada

			
	 PolyOne Corporation
	  	 Ee-Jay Motor Transports, Inc.

1501 Lincoln Avenue
 East St. Louis, IL
62204
	  	 1501 Lincoln Avenue
 East St.
Louis, IL 62204

			
	 PolyOne Corporation
	  	 Plastic Express – Edison

15450 Salt Lake Avenue
 City of Industry, CA
91745-1112
	  	 151 Fieldcrest,
 Edison, NJ
08837

			
	 PolyOne Corporation
	  	 PolyOne Corporation c/o NS TBT

1431 Chardon Road
 Euclid, OH
44117
	  	 1431 Chardon Road
 Euclid, OH
44117

			
	 PolyOne Corporation
	  	 Florida Bulk Transfer – Miami
 3601 NW 62nd Street
 Miami, FL 33147
	  	 3601 NW 62nd Street
 Miami, FL
33147

			
	 PolyOne Corporation
	  	 Saddle Creek Corporation
 3010
Saddle Creek Road
 Lakeland, FL 33801

Attention: Thomas Patterson
	  	 3010 Saddle Creek Road

Lakeland, FL 33801

			
	 PolyOne Corporation
	  	 Polymer Distribution-Guelph

351 Elizabeth Street
 Guelph, Ontario

Canada N1E 2X9
	  	 351 Elizabeth Street
 Guelph,
Ontario
 Canada N1E 2X9

			
	 PolyOne Corporation
	  	 Stagecoach Cartage
 7167 Chino
Dr.
 El Paso, TX 79915
	  	 8900 San Gabriel,
 Laredo, TX
78045

			
	 PolyOne Corporation
	  	 A & R PDSI – Jeffersonville
 4800 Keystone Blvd.
 Jeffersonville, IN 47130
	  	 4800 Keystone Blvd.

Jeffersonville, IN 47130

			
	 PolyOne Corporation
	  	 Ventura – Lesbro Co.
 2418
East 223rd Street

Long Beach, CA 90810
	  	 3724 Bandini Boulevard,
 Los
Angeles, CA 90040

  

					
	 PolyOne Corporation
	  	 Polymer Distribution, Lachine

1111 12th Avenue
 Lachine, Quebec

Canada H8S 4K9
	  	 1111 12th Avenue
 Lachine,
Quebec
 Canada H8S 4K9

			
	 PolyOne Corporation
	  	 A&R Distribution, Morris IL

8440 South Tabler Road
 Morris, IL
60450
	  	 8440 South Tabler Road
 Morris,
IL 60450

			
	 PolyOne Corporation
	  	 Gamas Group
 1520 North
Industrial Park
 Nogales, AZ 85621

Plant 1WNZ
	  	 1520 North Industrial Park

Nogales, AZ 85621
 Plant
1WNZ

			
	 PolyOne Corporation
	  	 Bulkmatic Transport – Pineville NS TBT
 2820 Nevada Blvd.
 Charlotte, NC 28273
	  	 2820 Nevada Blvd.
 Charlotte,
NC 28273

			
	 PolyOne Corporation
	  	 RSI Leasing – Petersburg

1301 E. Washington St.
 Petersburg, VA
23831
	  	 1301 E. Washington St.

Petersburg, VA 23831

			
	 PolyOne Corporation
	  	 A & R Transport
 1501 N.
Savana Avenue
 Terra Haute, IN 47804

Plant 1WTB
	  	 1501 N. Savana Avenue
 Terra
Haute, IN 47804
 Plant 1WTB

			
	 PolyOne Corporation
	  	 CN Cargoflo
 185 West
Industrial Avenue
 Memphis, TN 38109
	  	 185 West Industrial Avenue

Memphis, TN 38109

			
	 PolyOne Corporation
	  	 Katoen Natie
 6660 Financial
Drive
 Mississauga, Ontario
 Canada L5N
7J6
	  	 6660 Financial Drive

Mississauga, Ontario
 Canada L5N
7J6

			
	 PolyOne Corporation
	  	 DELAWARE EXPRESS
 P.O. Box
97
 Elkton, MD 21921
	  	 1280 Railcar Ave.
 Edgemoor, DE
19802

			
	 PolyOne Corporation
	  	 Logistica Integral
 11905
Hayter Rd.
 Laredo TX 78045
	  	 11905 Hayter Rd.
 Laredo TX
78045

			
	 PolyOne Corporation
	  	 WELLDEX DEL NORTE, S.C.
 801
Hallmark Eastpoint Indust.,
 Laredo, TX 78045
 Plant 1WLO
	  	 801 Hallmark Eastpoint Indust.,

Laredo, TX 78045
 Plant 1WLO

			
	 PolyOne Corporation
	  	 International Impulse, Inc.

5812 Cromo Drive
 El Paso, TX 79912

Attention: Abiel Carrillo
	  	 1251 N. Industrial Park

Nogales, AZ 85621

  

					
	 PolyOne Corporation

(Railcar Transfer Station)
	  	 Quality Carriers Kansas City, MO

Don Benoit
 Director of Operations and
Pricing
 4041 Park Oaks Blvd., Suite 200

Tampa, FL 33610
 (Phone 800-282-2031
x7286)
 (dbenoit@qualitydistribution.com)
	  	 6808 St. John Avenue
 Kansas
City, MO

			
	 PolyOne Corporation

(Railcar Transfer Station)
	  	 Plastic Express Valla Yard
 Tom
McKeller
 Vice President Transportation & Terminals
 Plastic Express
 15450 Salt Lake Avenue
 City of Industry, CA 91745-1112
 (Direct Phone 626-322-3288)

(Cell Phone 714-906-9091)

(www.plasticexpress.com)
	  	 8630 Sorenson Ave.
 Santa Fe
Springs, CA

 ColorMatrix Entities 

 

					
	 Entity Name
	  	 Warehouseman or Bailee
	  	 Location

	 The Colormatrix Corporation
	  	AMCOR RIGID PLASTICS N.A.	  	 520 Bell Avenue
 Ames, IA
50010

			
	 The Colormatrix Corporation
	  	DEVTECH LABS, INC.	  	 12 Howe Drive
 Amherst, NH
03031

			
	 The Colormatrix Corporation
	  	BEMIS COMPANY, INC.	  	 2521 W Everrett
 Appleton, WI
54914

			
	 The Colormatrix Corporation
	  	SAPONA PLASTICS	  	 7039 Hwy 220 S.
 Asheboro, NC
27205

			
	 The Colormatrix Corporation
	  	GRAHAM PACKAGING	  	 1650 Westgate Parkway
 Atlanta,
GA 30336

			
	 The Colormatrix Corporation
	  	PORTOLA PACKAGING, Inc.	  	 951 Douglas Road
 Batavia, IL
60510

			
	 The Colormatrix Corporation
	  	TRADEWIND PLASTICS	  	 Francisco De Goya Avenue, Bayamon,
 Puerto Rico 00960

			
	 The Colormatrix Corporation
	  	GRAHAM PET TECHNOLOGIES	  	 7 Technology Drive
 Bedford, NH
03110

			
	 The Colormatrix Corporation
	  	MOHAWK INDUSTRIES	  	 2118 Marlboro Road,

Bennettsville, SC 295158328

			
	 The Colormatrix Corporation
	  	WESTERN CONTAINER CORPORATION	  	 1600 1st Avenue Big
 Spring, TX
79720

			
	 The Colormatrix Corporation
	  	KYDEX, LLC	  	 6685 Low Street
 Bloomsburg, PA
17815

  

  

					
	 Entity Name
	  	 Warehouseman or Bailee
	  	 Location

	 The Colormatrix Corporation
	  	HUSKY CANADA	  	 500 Queen Street South
 Bolton
Canada L7E 5S5

			
	 The Colormatrix Corporation
	  	STACKTECK SYSTEMS LIMITED	  	 1 Paget Road, Brampton
 Canada
L6T 5S5

			
	 The Colormatrix Corporation
	  	PACIFIC PLASTICS INC.	  	 111 South Berry Street
 Brea,
CA 92821

			
	 The Colormatrix Corporation
	  	NAMPAC	  	 1591 N. Harvey Mitchell Place,

Byan, TX 77803

			
	 The Colormatrix Corporation
	  	MERRILL’S PACKAGING, INC.	  	 1529 Rollins Road
 Burlingame,
CA 94010

			
	 The Colormatrix Corporation
	  	RUBBERMAID CALGARY	  	 4660 68th Ave. Southeast,

Calgary, Canada T2C 4N3

			
	 The Colormatrix Corporation
	  	COLGATE PALMOLIVE COMPANY	  	 8800 Guernsey Industrial,

Cambridge, Ohio 43725

			
	 The Colormatrix Corporation
	  	AMES TRUE TEMPER	  	 465 Railroad Ave.
 Camphill, PA
17011

			
	 The Colormatrix Corporation
	  	NAMPAC	  	 1033 North Production Road,

Cedar City, UT 84721

			
	 The Colormatrix Corporation
	  	BIG 3 PRECISION	  	 2923 Wabash Avenue
 Centralia,
IL 62801

			
	 The Colormatrix Corporation
	  	Bermuda Distribution, Inc	  	 12511 Bermuda Triangle Rd.,

Chester, VA 23836

			
	 The Colormatrix Corporation
	  	PROGRESSIVE PLASTIC INC.	  	 14801 Emery Avenue
 Cleveland
OH 44135

			
	 The Colormatrix Corporation
	  	OATEY COMPANY	  	 4700 West 160th Street,

Cleveland OH 44135

			
	 The Colormatrix Corporation
	  	DEMO - DAVE RUSSELL	  	 18751 Cloverstone Circle,

Comelius, NC 28031

			
	 The Colormatrix Corporation
	  	BEAULIEU OF AMERICA	  	 509 Fifth Avenue
 Dalton, GA
30722

			
	 The Colormatrix Corporation
	  	NAMPAC	  	 7 Wheeling Road
 Dayton, NJ
08810

			
	 The Colormatrix Corporation
	  	COMPOSITE TECHNOLOGIES CO	  	 401 North Keowee Street,

Dayton, OH 454041602

			
	 The Colormatrix Corporation
	  	Ancos	  	 4813 County Drive
 Disputanta,
VA 23842

			
	 The Colormatrix Corporation
	  	ENERGIZER PERSONAL CARE	  	 800 Silvr Lake Road
 Dover, DE
19904

			
	 The Colormatrix Corporation
	  	PURE TECH PLASTICS	  	 91 East Carmans Road East

Farmingdale, NY 11735

  

  

					
	 Entity Name
	  	 Warehouseman or Bailee
	  	 Location

	 The Colormatrix Corporation
	  	PREFORMS	  	 478 Gulf Crescent,
 Sydport
Industrial Park,
 Edwardsville,
 Nova
Scotia B2A 4T3

			
	 The Colormatrix Corporation
	  	TESSY PLASTICS	  	 488 Ny Route 5 West
 Elbridge,
NY 13060

			
	 The Colormatrix Corporation
	  	THE PLASTEK GROUP - CPD	  	 2425 W. 23rd Street
 Erie, PA
16506

			
	 The Colormatrix Corporation
	  	ERIE MOLDED PLASTICS INC.	  	 6020 W. Ridge Road
 Erie, PA
16506

			
	 The Colormatrix Corporation
	  	RIDGELINE PIPE MANUFACTURING	  	 2220 Nugget Way
 Eugene, OR
97403

			
	 The Colormatrix Corporation
	  	ACHILLES USA, INC.	  	 1407 80th Street S.W.
 Everett,
WA 98203

			
	 The Colormatrix Corporation
	  	ICE RIVER SPRINGS WATER	  	 Grey Road #2
 Feversham, Canada
N0C 1C0

			
	 The Colormatrix Corporation
	  	CENTREX PLASTICS LLC	  	 814 W. Lima Street
 Findlay, OH
45840

			
	 The Colormatrix Corporation
	  	GRAHAM PACKAGING	  	 7959 Vulcan Drive
 Florence, KY
41042

			
	 The Colormatrix Corporation
	  	POM WONDERFUL	  	 2970 S. Orange Avenue
 Fresno,
CA 93725

			
	 The Colormatrix Corporation
	  	GEORGIA GULF & AFFILIATES	  	 Highway 51 South
 Gallman, MS
39077

			
	 The Colormatrix Corporation
	  	DIAMOND PLASTICS CORPORATION	  	 1212 Johnstown Road
 Grand
Island, NE 68803

			
	 The Colormatrix Corporation
	  	MEADWESTVACO CALMAR	  	 11901 Grandview Road,

Grandview, MO 64030

			
	 The Colormatrix Corporation
	  	MIDGARD, INC	  	 1255 Nursery Road
 Green Lane,
PA 18054

			
	 The Colormatrix Corporation
	  	SURTECO	  	 7104 Cessna Drive
 Greensboro,
NC 27409

			
	 The Colormatrix Corporation
	  	KEITH SEABOLT, DEMO	  	 6801 Volunteer Drive,

Greenville, TX 75402

			
	 The Colormatrix Corporation
	  	MITSUBISHI POLYESTER FILM	  	 2001 Hood Road
 Greer, SC
29652

			
	 The Colormatrix Corporation
	  	J R Products	  	 90 Valley Lake Drive
 Grey
Court, SC 29645

			
	 The Colormatrix Corporation
	  	ARMAL, INC.	  	 122 Hudson Industrial Drive,

Griffin, GA 30224

			
	 The Colormatrix Corporation
	  	THE PLASTEK GROUP - HMD	  	 1015 County Home Road,
 Hamlet,
NC 28345

			
	 The Colormatrix Corporation
	  	NORTHERN PIPE PRODUCTS IN	  	 1268 Imperial Road
 Hampton, IA
50441

  

  

					
	 Entity Name
	  	 Warehouseman or Bailee
	  	 Location

	 The Colormatrix Corporation
	  	BERRY PLASTICS CORPORATION	  	 7447 Candlewood Rd.
 Hanover,
MD 21076

			
	 The Colormatrix Corporation
	  	PORT ERIE PLASTICS	  	 909 Troupe Road
 Harborcreek,
PA 16421

			
	 The Colormatrix Corporation
	  	CONSTAR INTERNATIONAL	  	 1801 Clark Road
 Harve De
Grace, MD 21078

			
	 The Colormatrix Corporation
	  	THE RODON GROUP	  	 2800 Sterling Drive
 Hatfield,
PA 19440

			
	 The Colormatrix Corporation
	  	WESTERN CONTAINER	  	 110 W.L. Runnels Industri,

Hattiesburg, MS 39401

			
	 The Colormatrix Corporation
	  	SONOCO PLASTICS, INC.	  	 5801 N. Lindberg Blvd.,

Hazelwood, MO 63042

			
	 The Colormatrix Corporation
	  	GRAHAM PACKAGING	  	 12 Maplewood Drive
 Hazleton,
PA 18201

			
	 The Colormatrix Corporation
	  	SIMONA AMERICA	  	 64 N. Conahan Drive
 Hazleton,
PA 18201

			
	 The Colormatrix Corporation
	  	CONSTAR INTERNATIONAL	  	 Newark Industrial Park Bl.,

Hebron, Ohio 43025

			
	 The Colormatrix Corporation
	  	Prime Conduit	  	 1405 East Santa Fe Blvd.
 High
Springs, FL 32643

			
	 The Colormatrix Corporation
	  	PLASTIC TECHNOLOGIES	  	 1465 Timberwolfe
 Holland, OH
435280964

			
	 The Colormatrix Corporation
	  	B-SIDE PLASTICS	  	 4102 Veterans Drive
 Houston,
TX 77043

			
	 The Colormatrix Corporation
	  	VISTA CONTAINER & CLOSURES	  	 4003 Leeland Street
 Houston,
TX 77023

			
	 The Colormatrix Corporation
	  	DENVER PLASTICS	  	 560 Dahlia Street
 Hudson, CO
80642

			
	 The Colormatrix Corporation
	  	GRAHAM PACKAGING	  	 2515 Independence Road
 Iowa
City, IA 52240

			
	 The Colormatrix Corporation
	  	CONSTAR INTERNATIONAL	  	 595 Industrial Drive
 Jackson,
MS 39209

			
	 The Colormatrix Corporation
	  	Igloo Products Corp.	  	 30603 Highway 90
 Katy, TX
77494

			
	 The Colormatrix Corporation
	  	XTEN INDUSTRIES LLC	  	 9600 55th Street
 Kenosha, WI
53144

			
	 The Colormatrix Corporation
	  	Reduction Engineering	  	 4430 Crystal Parkway
 Kent, OH
44240

			
	 The Colormatrix Corporation
	  	PORTOLA PACKAGING, Inc.	  	 408 Tilthammer Drive,

Kingsport, TN 37660

			
	 The Colormatrix Corporation
	  	PALMETTO SYNTHETICS	  	 633 Commerce Drive,

Kingstreet, SC 29556

			
	 The Colormatrix Corporation
	  	PALRAM	  	 9735 Commerce Circle,

Kutztown, PA 19556

  

  

					
	 Entity Name
	  	 Warehouseman or Bailee
	  	 Location

	 The Colormatrix Corporation
	  	EXTRUSION VINYL & PLASTIC	  	 1311 Godin Avenue
 Leval,
CANADA H7E 2T1

			
	 The Colormatrix Corporation
	  	GRAHAM PACKAGING	  	 2447 Palumbo Drive
 Lexington,
KY 40509

			
	 The Colormatrix Corporation
	  	ZELLER PLASTIK	  	 1515 Franklin Blvd.,

Libertyville, IL 60048

			
	 The Colormatrix Corporation
	  	APTARGROUP, INC.	  	 901 Technology Way,

Libertyville, IL 60048

			
	 The Colormatrix Corporation
	  	NAMPAC	  	 2160 Lithonia Industrial,

Lithonia, GA 30058

			
	 The Colormatrix Corporation
	  	DESIGN MOLDED PLASTICS	  	 8220 Baveraia Road
 Macedonia,
OH 44056

			
	 The Colormatrix Corporation
	  	PARAGON PACKAGING INC.	  	 1500 E. Broad Street,

Mansfield, TX 76063

			
	 The Colormatrix Corporation
	  	CHROMA CORPORATION	  	 3900 West Dayton Street,

Mchenry, IL 60050

			
	 The Colormatrix Corporation
	  	FERGUSON PRODUCTION, INC.	  	 2130 Industrial Drive,

Mcpherson, KS 67460

			
	 The Colormatrix Corporation
	  	ALTIRA	  	 3225 N.W. 112th Street
 Miami,
FL 33167

			
	 The Colormatrix Corporation
	  	SONOCO	  	 245 Britannia Road,

Mississauga, Ontario L4Z 4J3

			
	 The Colormatrix Corporation
	  	RUBBERMAID HOME PRODUCTS	  	 3200 Gilchrist Road
 Mogadore,
OH 44260

			
	 The Colormatrix Corporation
	  	MICHAEL ASCHENBRENER, DEMO	  	 17450 Leggett Road
 Montville,
OH 44064

			
	 The Colormatrix Corporation
	  	LOMONT MOLDING, INC.	  	 1516 East Mapleleaf Drive
 Mt.
Pleasant, IA 52641

			
	 The Colormatrix Corporation
	  	GRAHAM PACKAGING	  	 102 Kaad Road
 Muskogee, OK
74401

			
	 The Colormatrix Corporation
	  	IPEC HOLDINGS, INC.	  	 185 Northgate Circle
 New
Castle, PA 16105

			
	 The Colormatrix Corporation
	  	SILGAN PLASTICS CORPORATION	  	 1858 Meca Way
 Norcross, GA
30093

			
	 The Colormatrix Corporation
	  	FOURMARK MANUFACTURING INC	  	 2690 Plymouth Drive
 Oakville,
Canada L6H 6G7

			
	 The Colormatrix Corporation
	  	KIK CORPORATION	  	 101 Mac Intosh Blvd,
 Ontario,
Canada L4K 4R5

			
	 The Colormatrix Corporation
	  	CONSTAR INTERNATIONAL	  	 7400 South Orange Avenue,

Orlando, FL 32809

  

  

					
	 Entity Name
	  	 Warehouseman or Bailee
	  	 Location

	 The Colormatrix Corporation
	  	INFINITI PLASTICS TECHNOLOGY	  	 5400 Commerce Drive
 Padauch,
KY 42001

			
	 The Colormatrix Corporation
	  	PRETIUM PACKAGING	  	 2015 S. Main Street
 Paris, IL
61944

			
	 The Colormatrix Corporation
	  	MONTVILLE PLASTICS & RUBB	  	 15567 Main Market Rd (Us 422),

Parkman, Ohio 44080

			
	 The Colormatrix Corporation
	  	RESILUX AMERICA LLC	  	 265 John Brooks Road,

Pendergrass, GA 30567

			
	 The Colormatrix Corporation
	  	BERRY PLASTICS CORPORATION	  	 19101 Kapp Drive
 Peosta, IA
52068

			
	 The Colormatrix Corporation
	  	CRESLINE-WEST INC.	  	 3747 West Buckeye Road

Phoenix, AZ 85009

			
	 The Colormatrix Corporation
	  	VINYLPLEX INC.	  	 1800 Atkinson Avenue

Pittsburg, KS 66762

			
	 The Colormatrix Corporation
	  	AGI POLYMATRIX	  	 45 Downing Parkway
 Pittsfield,
MA 01201

			
	 The Colormatrix Corporation
	  	LOGOPLASTE CHICAGO, LLC	  	 14420 Van Dyke
 Painfield, IL
60544

			
	 The Colormatrix Corporation
	  	PREFERRED PLASTICS INC.	  	 800 E. Bridge Street

Plainwell, MI 49080

			
	 The Colormatrix Corporation
	  	PLASTIPAK PACKAGING	  	 4211 Amberjack Blvd.
 Plant
City, FL 33567

			
	 The Colormatrix Corporation
	  	IPL PLASTICS	  	 140 Ruc Commerciale
 Quebec,
Canada G0R 2Y0

			
	 The Colormatrix Corporation
	  	EXTRUCAN	  	 2155 Rue Canadien,
 Quebec,
Canada J2C 7V9

			
	 The Colormatrix Corporation
	  	PREMIUM WATERS INC.	  	 1811 No. 30th Street
 Quincy,
IL 62301

			
	 The Colormatrix Corporation
	  	CANTEX INC.	  	 130 Woodland Avenue
 Reno, NV
85923

			
	 The Colormatrix Corporation
	  	Alloy Polymers, Inc	  	 3310 Deepwater Terminal Rd.,

Richland, VA 23234

			
	 The Colormatrix Corporation
	  	RING CONTAINER TECHNOLOGIES	  	 4689 Assembly Drive
 Rockford,
IL 61109

			
	 The Colormatrix Corporation
	  	CANTEX INC.	  	 Old St. James Street
 Rolla, MO
65401

			
	 The Colormatrix Corporation
	  	JOHN BOMBACE, SALES TECH	  	 111 Ruby Court
 Rutherford, CT
28139

			
	 The Colormatrix Corporation
	  	CLOSURE SYSTEMS INT’L INC	  	 480 North 5600 West
 Salt Lake
City, UT 84116

			
	 The Colormatrix Corporation
	  	CLOSURE SYSTEMS INT’L INC	  	 4915 Norman Road
 Sandston, VA
23150

			
	 The Colormatrix Corporation
	  	CLOSURE SYSTEMS INT’L INC	  	 Plant #089
 Sandston, Va
23150

  

  

					
	 Entity Name
	  	 Warehouseman or Bailee
	  	 Location

	 The Colormatrix Corporation
	  	PIRANHA PLASTICS	  	 3531 Thomas Road
 Santa Clara
CA 95054

			
	 The Colormatrix Corporation
	  	KIK-SoCAL INC.	  	 9028 Dice Road
 Santa Fe
Spring, CA 90670

			
	 The Colormatrix Corporation
	  	GRAHAM PET TECHNOLOGIES	  	 510 E. Naches Avenue
 Selah, WA
98942

			
	 The Colormatrix Corporation
	  	M & G POLYMERS USA, LLC	  	 6951 Ridge Road,
 Sharon
Cernter, OH 442740590

			
	 The Colormatrix Corporation
	  	KOHLER COMPANY	  	 300 South Oklahoma
 Sheridan,
AR 72150

			
	 The Colormatrix Corporation
	  	MATTEL MABAMEX	  	 1333 30th Street
 South Diego,
CA 92154

			
	 The Colormatrix Corporation
	  	COLORITE	  	 909 E Glendale Avenue
 Sparks,
NV 89431

			
	 The Colormatrix Corporation
	  	ALPHA PACKAGING INC.	  	 1555 Page Industrial Blvd
 St.
Louis, MO 63132

			
	 The Colormatrix Corporation
	  	LIQUID CONTAINER L.P.	  	 7100 Durand, Unit B

Sturtevant, WI 53177

			
	 The Colormatrix Corporation
	  	MOHAWK INDUSTRIES	  	 106 Bankson Drive
 Summerville,
GA 30747

			
	 The Colormatrix Corporation
	  	JM EAGLE	  	 1820 Midvale Road
 Sunnyside,
WA 98944

			
	 The Colormatrix Corporation
	  	WESTERN CONTAINER CORPORATION	  	 2205 70th Avenue East
 Tacoma,
WA 98424

			
	 The Colormatrix Corporation
	  	PORTOLA PACKAGING, Inc.	  	 4 South 84th Ave, Suite A,

Taolleson, AZ 85353

			
	 The Colormatrix Corporation
	  	WEATHERCHEM CORPORATION	  	 2222 Highland Road
 Twinsburg,
OH 44087

			
	 The Colormatrix Corporation
	  	YOSHINO AMERICA CORPORATION	  	 2500 Palmer Avenue
 University
Park, IL 604663134

			
	 The Colormatrix Corporation
	  	BLACKHAWK AUTOMOTIVE PLASTICS	  	 500 North Warpole Street
 Upper
Sandusky, OH 43351

			
	 The Colormatrix Corporation
	  	ELECTRFORM INDUSTRIES	  	 852 Scholz Drive
 Vandalia, OH
45377

			
	 The Colormatrix Corporation
	  	COLORITE	  	 700 Jewel Drive
 Waco, TX
76712

			
	 The Colormatrix Corporation
	  	DENVER PLASTICS	  	 2355 Aspen Street
 Wahoo, NE
68066

			
	 The Colormatrix Corporation
	  	Dura Warehouse	  	 525 South Lemon Avenue,

Walnut, CA 91789

			
	 The Colormatrix Corporation
	  	BERRY PLASTICS CORPORATION	  	 199 Edison Road
 Washington, GA
30673

  

  

					
	 Entity Name
	  	 Warehouseman or Bailee
	  	 Location

	 The Colormatrix Corporation
	  	1769 HAWTHORNE LANE	  	 1769 Hawthorne Lane
 West
Chicago, IL 60185

			
	 The Colormatrix Corporation
	  	Qualtech Technologies, Inc	  	 1685B Joseph Lloyd Parkway,

Willoughby, OH 44094

			
	 The Colormatrix Corporation
	  	WEENER PLASTICS	  	 2201 Stantonsburg Road,

Wilson, NC 27893

			
	 The Colormatrix Corporation
	  	INFILTRATOR SYSTEMS INC.	  	 1315 Enterprise Drive,

Winchester, KY 40391

			
	 The Colormatrix Corporation
	  	ROYAL GROUP TECHNOLOGIES	  	 1 Royal Gate Boulevard,

Woodbridge, Canada L4I 8Z7

			
	 The Colormatrix Corporation
	  	ROYTEC VINYL SIDING	  	 91 Royal Group Crescent,

Wookdbridge, Canada L4H 1X9

			
	 The Colormatrix Corporation
	  	MARK BULLOCK, EQUIP TEST & RESEARCH	  	 2456 Monterey
 Wooster, OH
44691

			
	 The Colormatrix Corporation
	  	GRAHAM PACKAGING	  	 420 Emig Road
 York, PA
17406

 Consignee 
 PolyOne Entities 
  

					
	 Entity Name
	  	 Consignee
	  	 Location

			
	 PolyOne Corporation
	  	 Aetna Wire & Cable
 1537
Air Rail Ave.
 Virginia Beach, VA 23455
	  	 1537 Air Rail Ave.,
 Virginia
Beach, VA

			
	 PolyOne Corporation
	  	 Schick Manufacturing Inc. (also listed as American Safety Razor Company)
 240 Cedar Knolls Road
 Suite 401
 Cedar Knolls, NJ 07927
	  	Cd. Obregon, Sonora, Mexico
			
	 PolyOne Corporation
	  	 CommScope, Inc. of North Carolina
 3642 Highway 70 East
 PO Box 879
 Claremont, NC 28610-0879
 Attention: Purchasing

 
 CommScope, Inc. of North Carolina

1100 CommScope Place SE
 Hickory, NC
28602
 Attention: General Counsel
	  	 6519 CommScope Road,
 Catawba,
NC 28609 &
 3642 US HWY 70 East,

Claremont, NC 28610

					
	 PolyOne Corporation
	  	 King Bros, Inc.
 29101 The Old
Road
 Valencia, CA 91355
	  	 29101 The Old Road,
 Valencia,
CA 91355

			
	 PolyOne Corporation
	  	 Amesbury Group
 105 Washington
Street NW
 Cannon Falls, MN 55009-1150
	  	 Bandlock Corporation,
 1734
Vineyard Ave., Ontario, CA

			
	 PolyOne Corporation
	  	 Amesbury Group Inc., Extruded Products Division
 105 Washington Street West
 Cannon Falls, MN 55009
	  	 105 Washington Street West,

Cannon Falls, MN 55009

			
	 PolyOne Corporation
	  	 NYX, Inc. – Levan
 36667
Schoolcraft Road
 Livonia, MI 48150-1175
	  	 36667 Schoolcraft Road,

Livonia, MI

			
	 PolyOne Corporation
	  	 OFS Fitel, LLC
 10 Brightware
Blvd.
 Carrollton, GA 30117
	  	10 Brightwave Blvd., Carrollton, GA
			
	 PolyOne Canada Inc.
	  	 Prysmian Cables and Systems

425 rue St. Louis
 St.-Jean sur
Richelieu
 Quebec, Canada J3B 1Y6
  

Prysmian Cables and Systems
 569 Hwy. 28
By-Pass
 Abbeville, SC 29620
	  	 425 rue St-Louis, St-Jean-sur-Richelieu,
 Quebec, Canada J3B 1Y6
  
  

569 Hwy 28 By-Pass,
 Abbeville, SC, USA
29620

			
	 PolyOne Canada Inc.
	  	 Nexans Canada Inc.
 670 Gzowski
Street
 Post Office Box 1203
 Fergus,
Ontario
 Canada N1W 2W9
	  	670 Gzowski Street, Post Office Box 1203, Fergus, Ontario N1W 2W9
			
	 PolyOne Corporation
	  	 Superior Essex Communications LP

6120 Powers Ferry Road
 Atlanta, GA
30339
 Attention: Michael D. George – Director of Procurement
	  	 6120 Powers Ferry Rd.,

Atlanta, GA 30339-2923

			
	 PolyOne Canada Inc.
	  	 Tarkett
 1001 Yamaska Street
East
 Franham, Quebec
 Canada J2N
1J7
	  	 1001 Yamaska Street East,

Farnham, Quebec J2N 1J7

			
	 PolyOne Corporation
	  	 Whirlpool Corporation and Maytag Corporation
 2000 M-63
 Benton Harbor, MI 49022
 Attention: Whirlpool Procurement Designated Supplier Lead
	  	Findlay, OH

  

					
	 PolyOne Corporation
	  	 Rainin Instrument, LLC
 7500
Edgewater DR Main Street
 Oakland, CA 94621
 Attention: Larry Johnson
	  	 7500 Edgewater Dr.,
 Oakland,
CA

			
	 PolyOne Corporation
	  	 Nypro Inc.
 Sending document
and letter to Emily.Sho@nypro.com
	  	Nypro San Diego
			
	 PolyOne Canada Inc.
	  	 Plastiflex Canada, Inc.
 595
Riddell Road
 Orangeville, Ontario

Canada L9W 4Z5
	  	 595 Riddell Road,
 Orangeville,
Ontario

			
	 PolyOne Corporation
	  	 J.W. Speaker Corporation
 N120
W19434 Freistadt Road
 Germantown, WI 53022
	  	 N120 W 19434 Freistadt Road

Germantown, WI 53022

			
	 PolyOne Distribution

Company (now known as

PolyOne Corporation)
	  	 Genesis Plastic Technologies LLC

27200 Tinkers Ct.
 Glenwillow, OH
44139
 Attention: Jim Mayor
	  	 27200 Tinkers Ct.,
 Glenwillow,
OH 44139

			
	 PolyOne Corporation
	  	 Sun Tech Industries
 41958
Highway 2
 Ravenna, NE 68869

Attention: Shannon Mackey
	  	 41958 Highway 2,
 Ravenna, NE
68869

			
	 PolyOne Corporation
	  	 David S. Smith (America), Inc. dba Worldwide Dispensers
 78 Second Ave. South
 Lester Prairie, MN 55354

Attention: Jerre Kachmar
	  	 78 Second Ave South,
 Lester
Prairie, MN 55354

			
	 PolyOne Corporation
	  	 Nypro Inc.
 Sending document
and letter to Rhonda.main@nypro.com
	  	Nypro Asheville
			
	 PolyOne Corporation
	  	 Stanley Black & Decker, Inc.

1000 Stanley Drive
 New Britain, CT
06053-1675
	  	 Stanley Works, 100 Stanley Road,

Cheraw, SC 29502

			
	 PolyOne Distribution

Company (now known as PolyOne Corporation)
	  	 Conimar Corporation
 1724 N.E.
22nd Ave.

Ocala, FL 34770-4702
 Attention: Audrea
Allen-Purchasing Agent
	  	 N.E.
22nd Ave.,

Ocala, FL 34770-4702

			
	 PolyOne Distribution

Company (now known as

PolyOne Corporation)
	  	 GW Plastics
 239 Pleasant
Street
 Bethel, VT 05032
 Attention:
Scott Perkins
	  	 239 Pleasant Street,
 Bethel,
VT 05032

  

					
			
	 PolyOne Corporation
	  	 Belden
 2200 US Highway 27
South
 Richmond, IN 47374
	  	 North West, N St., Richmond, IN 47374
 1200 West Columbia Ave.,
 Monticello, KY 42633

			
	 PolyOne Corporation
	  	 Panduit Corporation
 18900
Panduit Drive
 Tinley Park, IL 60487-3091
	  	 18900 Panduit Drive
 Tinley
Park, IL 60487-3091

 ColorMatrix Entities 

 

					
	 Entity Name
	  	 Consignee
	  	 Location

	 The Colormatrix Corporation
	  	Prime Conduit	  	 1776 East Beamer Street,

Woodland, CA 95685

			
	 The Colormatrix Corporation
	  	Prime Conduit	  	 635 East Lawn Road
 Nazareth,
PA 18064

			
	 The Colormatrix Corporation
	  	Prime Conduit	  	 6500 South Interpace
 Oklahoma
City, OK 73135

			
	 The Colormatrix Corporation
	  	Prime Conduit	  	 1405 East Santa Fe Blvd.
 High
Springs, FL 32643

			
	 The Colormatrix Corporation
	  	Igloo Products Corp.	  	 30603 Highway 90
 Katy, TX
77494

  

 SCHEDULE 4.28(b) 

LOCATIONS OF INVENTORY AND EQUIPMENT 
 PolyOne Entities 
 U.S. Locations 

Owned Locations 
  

			
	 Entity Name
	  	 Location

	 PolyOne Corporation
	  	552 Moore Road, Avon Lake, OH 44012
		
	 PolyOne Corporation
	  	2400 E. Devon Avenue, Elk Grove Village, IL 60007
		
	 PolyOne Corporation
	  	7601 North Glen Harbor Blvd., Glendale, AZ 85307
		
	 PolyOne Corporation
	  	1546 County Rd 1450 North, Henry, IL 61537
		
	 PolyOne Corporation
	  	8155 Cobb Center Drive, Kennesaw, GA 30152
		
	 PolyOne Corporation
	  	2104 East 223rd Street, Carson, CA 90745
		
	 PolyOne Corporation
	  	1675 Navarre Rd, Massillon, OH 44646
		
	 PolyOne Corporation
	  	733 East Water Street, North Baltimore, OH 45872
		
	 PolyOne Corporation
	  	80 N. West Street, Norwalk, OH 44587
		
	 PolyOne Corporation
	  	Route 130 and Porcupine Rd., Pedricktown, NJ 08067
		
	 PolyOne Corporation
	  	2700 Papin Street, St. Louis, MO 63103
		
	 PolyOne Corporation
	  	204 Industrial Park Drive, Sullivan, MO 63080
		
	 PolyOne Corporation
	  	2900 Shawnee Industrial Way, Suwanee, GA 30024
		
	 PolyOne Corporation
	  	1260 Carden Farm Drive, Clinton, TN 37716
		
	 PolyOne Corporation
	  	4250 Bells Lane, Louisville, KY 40211
		
	 PolyOne Corporation
	  	554 Moore Road, Avon Lake, OH
		
	 PolyOne Corporation
	  	33587 Walker Road, Avon Lake OH 44012
		
	 PolyOne Corporation
	  	4403A Pasadena Freeway – Hwy 225 W, Pasadena, TX 77503
		
	 PolyOne Corporation
	  	4402 Pasadena Freeway, Pasadena, TX 77503
		
	 PolyOne Corporation
	  	3100 North 35th Street, Terre Haute, IN 47804
		
	 PolyOne Corporation
	  	2513 Highland Avenue, Bethlehem, PA 18020
		
	 PolyOne Corporation
	  	107 Jackson Street, Dyersburg, TN 38024
		
	 PolyOne Corporation
	  	Highway 146, Seabrook, TX 77586
		
	 PolyOne Corporation
	  	2104 East 223RD Street, Long Beach, CA 90745

 Leased Locations 

 

			
	 Entity Name
	  	 Location

	PolyOne Corporation	  	1414 Lowell Street, Elyria, OH 44035
		
	PolyOne Corporation	  	10100 Porter Road, LaPorte, TX 77571
		
	PolyOne Corporation	  	3160 Neil Armstrong Dr., Eagan, MN 55121
		
	PolyOne Corporation	  	7755 National Turnpike, Unit 130, Louisville, KY 40214
		
	PolyOne Corporation	  	15 Corporate Drive, North Haven, CT 06473
		
	PolyOne Corporation	  	114 Morehead Rd., Statesville, NC 28677
		
	PolyOne Corporation	  	1610 Phillips Street, Dyersburg, TN 38024
		
	PolyOne Corporation	  	11400-A Newport Drive, Rancho Cucamonga, CA 91730

 Warehouse, Bailee and Consignee Locations 

All locations listed on Schedule 4.28(a) 
 ColorMatrix Entities 
 Owned Locations 

None. 

Leased Locations 
  

			
	 Entity Name
	  	 Location

	The Colormatrix Corporation	  	680 North Rocky River Drive, Berea, Ohio 44017
		
	The Colormatrix Corporation	  	7204 Burns Street, Richland Hills, TX 76118

 Warehouse, Bailee and Consignee Locations 

All locations listed on Schedule 4.28(a). 

 Schedule 5.1 

Deliver to Agent, with copies to each Lender, each of the financial statements, reports, or other items set forth set forth below at the
following times in form reasonably satisfactory to Agent: 
  

			
	Quarterly (as soon as available, but in any event within 45 days after the end of each of the first three fiscal quarters during each of Parent’s fiscal years) so long as no
Revolving Loans are outstanding, but prior to any borrowing under the Agreement, Agent shall have received such items monthly for the immediately preceding month if the request for such borrowing is more than 20 days after such month end, or for the
month prior to such immediately preceding month, if the request for such borrowing is less than 20 days after such month end, and monthly (as soon as available, but in any event within 30 days after the end of each month during each of Parent’s
fiscal years (other than the last month of each fiscal quarter) at all times thereafter	  	 (a) a consolidated balance sheet of Parent and its Subsidiaries as at the end of such fiscal quarter, and the related consolidated
statements of income or operations, changes in shareholders’ equity, and cash flows for such fiscal quarter and for the portion of Parent’s fiscal year then ended, setting forth in each case in comparative form the figures for the
corresponding fiscal quarter of the previous fiscal year (excluding comparisons to the financial statements of ColorMatrix Group, Inc. and its Subsidiaries for any fiscal year ending prior to 2012) and the corresponding portion of the previous
fiscal year, all in reasonable detail, certified by the chief executive officer, chief financial officer, treasurer or controller of Parent as fairly presenting the financial condition, results of operations, shareholders’ equity and cash flows
of Parent and its Subsidiaries in accordance with GAAP, subject only to normal year-end audit adjustments and the absence of footnotes, and
  

(b) a Compliance Certificate.

		
	as soon as available, but in any event within 90 days after the end of each of Parent’s fiscal years	  	 (c) a consolidated balance sheet of Parent and its Subsidiaries as at the end of such fiscal year, and the related consolidated
statements of income or operations, changes in shareholders’ equity, and cash flows for such fiscal year, setting forth in each case in comparative form the figures for the previous fiscal year (excluding comparisons to the financial statements
of ColorMatrix Group, Inc. and its Subsidiaries for any fiscal year ending prior to 2012), all in reasonable detail and prepared in accordance with GAAP, audited and accompanied by a report and opinion of an independent certified public accountant
of nationally recognized standing reasonably acceptable to Agent, which report and opinion shall be prepared in accordance with generally accepted auditing standards and shall not be subject to any “going concern” or like qualification or
exception or any qualification or exception as to the scope of such audit, and
  
 (d) a Compliance Certificate.

			
	as soon as available, but in any event within 60 days after the end of each of Parent’s fiscal years,	  	(e) forecasts prepared by management of Parent, in form reasonably satisfactory to Agent, of consolidated balance sheets and statements of income or operations and cash flows of
Parent and its Subsidiaries on a monthly basis for the immediately following fiscal year (including the fiscal year in which the Maturity Date occurs).
		
	as soon as available, but in any event within 30 days after the end of each of Parent’s fiscal years,	  	(f) a certificate summarizing the insurance coverage (specifying type, amount and carrier) in effect for each Loan Party and its Subsidiaries and containing such additional
information as the Agent may reasonably specify.
		
	if and when filed by Parent,	  	 (g) copies of each annual report, proxy or financial statement or other report or communication sent to the stockholders of Parent, and
copies of all annual, regular, periodic and special reports and registration statements which Parent may file or be required to file with the SEC under Section 13 or 15(d) of the Securities Exchange Act of 1934, or with any national securities
exchange, and in any case not otherwise required to be delivered to Agent pursuant hereto, and
  
 (h) any other information that is provided by Parent to its shareholders generally.

		
	10 days prior written notice of:	  	Any change of the name of any Loan Party (within the meaning of the Code or PPSA, as applicable) or any jurisdiction of organization of each Loan Party at any time on and after the
Closing Date.
		
	 promptly, but in any event within 2 Business Days after any Loan Party has knowledge of any event or condition that constitutes a
Default or an Event of
 Default,
	  	(i) notice of such event or condition.
		
	promptly after the commencement thereof, but in any event within 5 days after the service of process with respect thereto on Parent or any of its Subsidiaries,	  	(j) notice of all actions, suits, or proceedings brought by or against Parent or any of its Subsidiaries before any Governmental Authority which reasonably could be expected to have
a Material Adverse Effect.
		
	promptly after the assertion or occurrence thereof,	  	(k) notice of any action or proceeding against or of any noncompliance by any Loan Party or any of its Subsidiaries with any Environmental Law or Environmental Permit that could (i)
reasonably be expected to have a Material Adverse Effect or (ii) cause any property described in the Mortgages to be subject to any restrictions on ownership, occupancy, or transferability under any Environmental
Law.

			
	upon the request of Agent,	  	(l) any other information reasonably requested relating to the financial condition of Parent or its Subsidiaries.
		
	promptly with the delivery thereof	  	 (m) any reports and other information delivered by Parent or its Subsidiaries under the Term Loan Agreement that are not
routine;
  
 (n) copies of any statement or report furnished by Parent or its
Subsidiaries, other than those related to routine administrative matters, to any holder of debt securities of any Loan Party or of any of its Subsidiaries pursuant to the terms of any indenture, loan or credit or similar agreement and not otherwise
required to be furnished to the Lenders pursuant to this Schedule 5.1.

		
	together with the delivery of each Compliance Certificate pursuant to this Schedule 5.1,	  	(o) a report supplementing Schedules 4.5(b), and 4.5(c), including an identification of all owned and leased real property disposed of by Parent or any
Subsidiary thereof during such fiscal year, a description of changes in the information included in such Schedules as may be necessary for such Schedules to be accurate and complete.

 Schedule 5.2 

Provide Agent (and if so requested by Agent, with copies for each Lender) with each of the documents set forth below at the following
times in form reasonably satisfactory to Agent: 
  

			
	Monthly, unless (i) either (A) Excess Availability is less than 15% of the Maximum Credit or (b) US Excess Availability is less than 12.5% of the Maximum Credit or (ii) a Default or
an Event of Default has occurred and is continuing, then weekly	  	 (a) a US Borrowing Base Certificate and a Canadian Borrowing Base Certificate,

 
 (b) Inventory system/perpetual reports specifying the cost and the wholesale market
value of each Borrower’s and its Subsidiaries’ Inventory, by category, with additional detail showing additions to and deletions therefrom (delivered electronically in an acceptable format, if Borrowers have implemented electronic
reporting),

		
	Monthly (no later than the 10th day of each month)	  	 (c) a detailed aging, by total, of each Borrower’s Accounts, together with a reconciliation and supporting documentation for any
reconciling items noted (delivered electronically in an acceptable format, if Borrowers have implemented electronic reporting),
  

(d) a detailed calculation of those Accounts that are not eligible for the US Borrowing Base or Canadian Borrowing Base, if Borrowers have not implemented
electronic reporting, (e) a detailed Inventory system/perpetual report together with a reconciliation to each Borrower’s general ledger accounts (delivered electronically in an acceptable format, if Borrowers have implemented electronic
reporting),
  
 (f) with respect to Inventory, such information with respect
to the lower of cost or market as Agent may request,
  
 (g) a detailed
calculation of Inventory categories that are not eligible for the US Borrowing Base or the Canadian Borrowing Base, if Borrowers have not implemented electronic reporting,

 
 (h) a summary aging, by vendor, of each Borrower’s and its Subsidiaries’
accounts payable and any book overdraft (delivered electronically in an acceptable format, if Borrowers have implemented electronic reporting) and an aging, by vendor, of any held checks,

 
 (i) a detailed report regarding each Borrower’s and its Subsidiaries’ cash
and Cash Equivalents, including an indication of which amounts constitute Qualified Cash,
  
 (j) a detailed report identifying and calculating (i) Canadian PST

			
		  	 (i.e. provincial sales tax) and Canadian GST (i.e. goods and service tax) and (ii) to the extent applicable, Canadian HST (i.e.
harmonized sales tax), and
  
 (k) a monthly Account roll-forward, in a format
acceptable to Agent in its discretion, tied to the beginning and ending account receivable balances of each Borrower’s general ledger.

		
	Monthly (no later than the 30th day of each month)	  	(l) a reconciliation of Accounts, trade accounts payable, and Inventory of each Borrower’s general ledger accounts to its monthly financial statements including any book
reserves related to each category.
		
	Quarterly	  	 (m) a report regarding each Borrower’s and its Subsidiaries’ accrued, but unpaid, VAT, and

 
 (n) a report setting forth the following information with respect to the operations
in Canada: (i) number of employees in Canada broken down between sales people and non-sales people, (ii) accrued payroll expenses, (iii) accrued employee expenses, (iv) post-retirement healthcare benefits, (v) post-retirement employee benefits and
(vi) other post-employee benefits.

 SCHEDULE 5.16 
 POST-CLOSING DELIVERIES 
 1. No later than within sixty (60) days following the
Closing Date, a Control Agreement, duly authorized, executed and delivered by each applicable Loan Party, the Term Loan Agent and each of the following depository banks: (a) Bank of America, (b) Mellon Bank, (c) PNC Bank,
(d) Citibank, (e) Bank of Montreal and (f) Union Bank; in each case, solely with respect to the respective Pledged Deposit Accounts (as such term is defined in the Security Agreement) of the Loan Parties maintained at such banks.

 2. No later than within thirty (30) days following the Closing Date, the Intercompany Subordination Agreement, duly authorized, executed
and delivered by each Foreign Subsidiary of Parent. 
 3. No later than within thirty (30) days from the Closing Date, an Estoppel
Certificate, in form and substance satisfactory to Agent, from Praxair Canada Inc. limiting the scope of the collateral described in the lease registration made in its favour at the Register of Personal and Movable Real Rights under number
10-0388782-0001. 
 4. No later than within ninety (90) days following the Closing Date, each of the following items related to real
property: 
 (a) Evidence that counterparts of the Mortgages have been duly executed, acknowledged and delivered and are in form suitable for
filing or recording in all filing or recording offices that the Agent may deem necessary or desirable in order to create a valid second and subsisting Lien on the property described therein in favor of the Agent for the benefit of the Lender Group
and the Bank Product Providers and that all filing, documentary, stamp, intangible and recording taxes and fees have been paid (or have been delivered to the applicable title insurer for the payment at the time of recording), 

(b) Fully paid American Land Title Association Lender’s Extended Coverage title insurance policies (the “Mortgage Policies”), with
endorsements and in amounts acceptable to the Agent, issued, coinsured and reinsured by title insurers reasonably acceptable to the Agent, insuring the Mortgages to be valid second and subsisting Liens on the property described therein, free and
clear of all defects (including, but not limited to, mechanics’ and materialmen’s Liens) and encumbrances, excepting only Permitted Liens and matters acceptable to Agent in its sole discretion, and providing for such other affirmative
insurance (including endorsements for future advances under the Loan Documents, for mechanics’ and materialmen’s Liens and for zoning of the applicable property, provided that a zoning report from Bock & Clark Corp. or
another professional firm reasonably acceptable to the Agent may be delivered in lieu of such zoning endorsement) and such coinsurance and direct access reinsurance as the Agent may deem reasonably necessary or desirable, 

(c) American Land Title Association/American Congress on Surveying and Mapping form surveys (each, an “ALTA Survey”), for which all
necessary fees (where applicable) have been paid, and dated no more than 90 days after the Closing Date, certified to the Agent and the issuer of the Mortgage Policies in a manner satisfactory to the Agent and consistent with ALTA Survey
requirements by a land surveyor 

 
duly registered and licensed in the States in which the property described in such surveys is located and acceptable to the Agent, showing all buildings and other improvements, any off-site
improvements that either materially affect the operation of the Mortgaged Property or encroach onto the Mortgaged Property, the location of any easements, parking spaces, rights of way, building set-back lines and other dimensional regulations and
encroachments, either by such improvements or on to such property, and other defects, other than Permitted Liens and other defects acceptable to the Agent; provided, however, that notwithstanding the requirements set forth in this
clause (c), historical ALTA Surveys previously delivered to the Agent for the below properties shall be deemed to comply with such requirements: (i) 8155 Cobb Center Drive, Kennesaw, GA; (ii) 2400 E Devon Avenue, Elk Grove Village, IL;
(iii) 3100 North 35th Street, Terre Haute, IN; (iv) Route 130 & Porcupine Road, Pedricktown, New Jersey; (v) 80 Northwest Street, Norwalk, OH; (vi) 2513 Highland Avenue, Bethlehem, PA and (vii) Highway 146,
Seabrook, TX. 
 (d) Evidence of the insurance required by the terms of the Mortgages, including, if applicable, a completed
“Life-of-Loan” Federal Emergency Management Agency Standard Flood Hazard Determination with respect to each Mortgaged Property located in the United States (and with respect to any such facility that is located within a special flood zone
(i) a notice about special flood hazard area status and flood disaster assistance duly executed by the Parent and each applicable Loan Party relating thereto and (ii) evidence of insurance with respect to such facility as set forth in
Section 5.6 and otherwise in form and substance reasonably satisfactory to the Agent), 
 (e) Opinions of local counsel for the Loan
Parties (i) in states in which each Mortgage Property is located, with respect to the enforceability of the Mortgages and necessary requirements in order to perfect the Mortgages and any related fixture filings in form and substance reasonably
satisfactory to the Agent and (ii) in states in which each Loan Party party to a Mortgage is organized or formed, with respect to the valid existence, corporate power and authority of such Loan Party in granting the Mortgage, in form and
substance reasonably satisfactory to the Agent, 
 (f) Evidence that all other action that the Agent may deem reasonably necessary or desirable
in order to create valid second and subsisting Liens on the property described in the Mortgages has been taken, and 
 (g) Environmental
assessment reports, each in scope, form and substance satisfactory to the Agent; provided that with respect to real properties listed on Schedule M-1 on the Closing Date, “Phase-I” reports shall be delivered solely with respect to
Route 130 and Porcupine Rd., Pedricktown, NJ 08067; 1546 County Rd 1450 North, Henry, IL 61537; and 33587 Walker Road, Avon Lake, OH 44012 (and all other addresses constituting the Avon Lake campus). 

 SCHEDULE 6.7 
 CERTAIN CONTRACTUAL RESTRICTIONS 
 None.

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