Document:

EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 
  

 
  

PLEDGE AGREEMENT 
 among 

CURO GROUP HOLDINGS CORP., 

CERTAIN SUBSIDIARIES OF CURO GROUP HOLDINGS CORP. 

and 
 TMI TRUST COMPANY, 

as COLLATERAL AGENT 
  

 
 Dated as of
August 27, 2018 
  
  

 
  

 

 Table of Contents 

 

									
	 	  	 	  	 	  	Page	 
	1.	  	 SECURITY FOR OBLIGATIONS
	  	 	2	 
			
	2.	  	 DEFINITIONS
	  	 	2	 
			
	3.	  	 PLEDGE OF SECURITIES, ETC.
	  	 	5	 
				
	 	  	3.1	  	Pledge	  	5	 
	 	  	3.2	  	Procedures	  	7	 
	 	  	3.3	  	Subsequently Acquired Collateral	  	9	 
	 	  	3.4	  	Transfer Taxes	  	9	 
		  	3.5	  	Certain Representations and Warranties Regarding the Collateral	  	 	9	 
			
	4.	  	 APPOINTMENT OF SUB-AGENTS; ENDORSEMENTS,
ETC.
	  	 	10	 
			
	5.	  	 VOTING, ETC., WHILE NO EVENT OF DEFAULT
	  	 	10	 
			
	6.	  	 DIVIDENDS AND OTHER DISTRIBUTIONS
	  	 	10	 
			
	7.	  	 REMEDIES IN CASE OF AN EVENT OF DEFAULT
	  	 	11	 
			
	8.	  	 REMEDIES, CUMULATIVE, ETC.
	  	 	12	 
			
	9.	  	 APPLICATION OF PROCEEDS
	  	 	12	 
			
	10.	  	 PURCHASERS OF COLLATERAL
	  	 	12	 
			
	11.	  	 INDEMNITY
	  	 	12	 
			
	12.	  	 COLLATERAL AGENT NOT A PARTNER OR LIMITED LIABILITY COMPANY MEMBER
	  	 	13	 
			
	13.	  	 FURTHER ASSURANCES;
POWER-OF-ATTORNEY
	  	 	13	 
			
	14.	  	 THE COLLATERAL AGENT
	  	 	14	 
			
	15.	  	 TRANSFER BY THE PLEDGORS
	  	 	14	 
			
	16.	  	 REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE PLEDGORS
	  	 	14	 
			
	17.	  	 LEGAL NAMES; TYPE OF ORGANIZATION (AND WHETHER A REGISTERED ORGANIZATION);
JURISDICTION OF ORGANIZATION; LOCATION; FEDERAL EMPLOYER IDENTIFICATION NUMBERS; CHANGES THERETO; ETC.
	  	 	16	 
			
	18.	  	 PLEDGORS’ OBLIGATIONS ABSOLUTE, ETC.
	  	 	16	 
			
	19.	  	 SALE OF COLLATERAL WITHOUT REGISTRATION
	  	 	17	 
			
	20.	  	 TERMINATION; RELEASE
	  	 	17	 
			
	21.	  	 NOTICES, ETC.
	  	 	18	 
			
	22.	  	 WAIVER; AMENDMENT
	  	 	18	 
			
	23.	  	 SUCCESSORS AND ASSIGNS
	  	 	19	 
			
	24.	  	 HEADINGS DESCRIPTIVE
	  	 	19	 
			
	25.	  	 GOVERNING LAW; SUBMISSION TO JURISDICTION; VENUE; WAIVER OF JURY TRIAL
	  	 	19	 
			
	26.	  	 PLEDGOR’S DUTIES
	  	 	20	 

  
 (i) 

									
	27.	  	 COUNTERPARTS
	  	 	20	 
			
	28.	  	 SEVERABILITY
	  	 	20	 
			
	29.	  	 RECOURSE
	  	 	20	 
			
	30.	  	 ADDITIONAL PLEDGORS
	  	 	20	 
			
	31.	  	 LIMITED OBLIGATIONS
	  	 	20	 
			
	32.	  	 RELEASE OF PLEDGORS
	  	 	20	 
			
	33.	  	 RIGHTS AND OBLIGATIONS SUBJECT TO INTERCREDITOR AGREEMENT
	  	 	21	 

  

					
	 ANNEX A
	  	-	  	SCHEDULE OF LEGAL NAMES, TYPE OF ORGANIZATION (AND WHETHER A REGISTERED ORGANIZATION), JURISDICTION OF ORGANIZATION, LOCATION AND FEDERAL EMPLOYER IDENTIFICATION NUMBERS
	 ANNEX B
	  	-	  	SCHEDULE OF SUBSIDIARIES
	 ANNEX C
	  	-	  	SCHEDULE OF STOCK
	 ANNEX D
	  	-	  	SCHEDULE OF NOTES
	 ANNEX E
	  	-	  	SCHEDULE OF LIMITED LIABILITY COMPANY INTERESTS
	 ANNEX F
	  	-	  	SCHEDULE OF PARTNERSHIP INTERESTS
	 ANNEX G
	  	-	  	SCHEDULE OF CHIEF EXECUTIVE OFFICES
	 ANNEX H
	  	-	  	FORM OF AGREEMENT REGARDING UNCERTIFICATED SECURITIES, LIMITED LIABILITY COMPANY INTERESTS AND PARTNERSHIP INTERESTS
	 ANNEX I
	  	-	  	FORM OF PLEDGE AGREEMENT JOINDER

  

  
 (ii) 

 PLEDGE AGREEMENT 

PLEDGE AGREEMENT (as amended, modified, restated and/or supplemented from time to time, this “Agreement”), dated as of
August 27, 2018, among each of the undersigned pledgors (each, a “Pledgor” and, together with any other entity that becomes a pledgor hereunder pursuant to Section 30 hereof, the “Pledgors”) and TMI Trust
Company, as collateral agent (together with any successor collateral agent or assign and co-collateral agents, in such capacity, the “Collateral Agent”), for the benefit of the Secured Parties
(as defined below). Except as otherwise defined herein, all capitalized terms used herein and defined in the Security Agreement (as defined below) shall be used herein as therein defined. 

W I T N E S S E T H: 

WHEREAS, CURO Group Holdings Corp. (the “Company”), the guarantors from time to time party thereto (the
“Guarantors”), the Collateral Agent and TMI Trust Company, as trustee, have entered into an Indenture, dated as of August 27, 2018 (as amended, modified, restated and/or supplemented from time to time, the
“Indenture”) for the benefit of each other and for the equal and ratable benefit of the Holders (as defined in the Indenture) of the 8.250% Senior Secured Notes due 2025 (including any Additional Notes, the “Senior Secured
Notes”); 
 WHEREAS, pursuant to the Indenture, each Guarantor has jointly and severally guaranteed to the Trustee, the Collateral
Agent and the Holders (collectively, the “Notes Secured Parties” and together with the Pari Passu Indebtedness Secured Parties, the “Secured Parties”) the payment when due of all Indenture Obligations as described
(and defined) therein; 
 WHEREAS, in order to induce (i) each Holder to hold the Senior Secured Notes, (ii) any future Pari Passu
Indebtedness Secured Party to make extensions of credit to one or more of the Pledgors and (iii) the Collateral Agent to act as trustee and as collateral agent, the Pledgors have agreed to grant to the Collateral Agent a continuing security
interest in and to the Collateral (as defined that certain Security Agreement, dated of even date herewith (as may be amended, restated, modified or supplemented from time to time, the “Security Agreement”)) in order to secure the
prompt and complete payment, observance and performance of, among other things, their respective Secured Obligations; 
 WHEREAS, the
Intercreditor Agreement governs the relative rights and priorities of the Notes Secured Parties, the Pari Passu Indebtedness Secured Parties and the First Lien Lenders in respect of all of the Collateral; and 

WHEREAS, the Pledgors will obtain benefits from the issuance of the Senior Secured Notes under the Indenture and the incurrence or Pari Passu
Indebtedness, if any, and, accordingly, the Pledgors desire to create a security interest in favor of and pledge of the pledged Collateral to the Collateral Agent for its benefit and for the benefit of the Secured Parties under the terms and
conditions set forth herein. 
 WHEREAS, the Pledgors will obtain benefits from the future extensions of credit by Pari Passu Indebtedness
Secured Parties under future Pari Passu Payment Lien Documents, the Pledgors desire to create a security interest in favor of and pledge of the pledged Collateral to the Collateral Agent for its benefit and for the benefit of such Pari Passu
Indebtedness Secured Parties under the terms and conditions set forth herein. 
 NOW, THEREFORE, in consideration of the foregoing and other
benefits accruing to each Pledgor, the receipt and sufficiency of which are hereby acknowledged, each Pledgor hereby makes the following representations and warranties to the Collateral Agent for the benefit of the Secured Parties and hereby
covenants and agrees with the Collateral Agent for the benefit of the Secured Parties as follows: 

  
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 1. SECURITY FOR OBLIGATIONS. 

(a) This Agreement is made by each Pledgor for the benefit of the Secured Parties to secure the Secured Obligations, it being acknowledged and
agreed that the “Secured Obligations” shall include extensions of credit of the types described above, whether outstanding on the date of this Agreement or extended from time to time after the date of this Agreement. 

(b) 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 at any time the Intercreditor Agreement is in effect. 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 at any time the Intercreditor Agreement is in effect. In the event of any conflict or inconsistency between the provisions of the Indenture and this Agreement relating to the duties of the
Collateral Agent the provisions of the Indenture shall govern and control. 
 2. DEFINITIONS. 

(a) Unless otherwise defined herein, all capitalized terms used herein and defined in the Indenture shall be used herein as therein defined.
Reference to singular terms shall include the plural and vice versa. 
 (b) The following capitalized terms used herein shall have the
definitions specified below: 
 “Adverse Claim” shall have the meaning given such term in
Section 8-102(a)(1) of the UCC. 
 “Agreement” shall have the meaning set
forth in the first paragraph hereof. 
 “Certificated Security” shall have the meaning given such term in Section 8-102(a)(4) of the UCC. 
 “Clearing Corporation” shall have the meaning
given such term in Section 8-102(a)(5) of the UCC. 
 “Collateral” shall have
the meaning set forth in Section 3.1 hereof. 
 “Collateral Accounts” shall mean any and all accounts established and
maintained by the Collateral Agent in the name of any Pledgor to which Collateral may be credited. 
 “Company” shall have
the meaning set forth in the recitals hereto. 
 “Default” shall mean a “Default” or similar term as such term is
defined in the Indenture or any Pari Passu Lien Document, so long as any such agreement is in effect. 
 “Domestic
Corporation” shall have the meaning set forth in the definition of “Stock”. 
 “Event of Default” shall
mean an “Event of Default” or similar term as such term is defined in the Indenture or any Pari Passu Lien Document, so long as any such agreement is in effect. 

“Exempted Foreign Entity” shall mean any Foreign Corporation and any limited liability company organized under the laws of a
jurisdiction other than the United States or any State thereof or the District of Columbia that, in any such case, is treated as a corporation or an association taxable as a corporation for U.S. federal income tax purposes. 

  
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 “Financial Asset” shall have the meaning given such term in Section 8-102(a)(9) of the UCC. 
 “First Lien Lenders” shall have the meaning
provided in the Intercreditor Agreement. 
 “Foreign Corporation” shall have the meaning set forth in the definition of
“Stock”. 
 “Governmental Authority” shall mean the government of the United States of America, any other
nation or any political subdivision thereof, whether state, provincial or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or
administrative powers or functions of or pertaining to government. 
 “Holders” shall have the meaning set forth in the
recitals hereto. 
 “Indemnitees” shall have the meaning set forth in Section 11 hereof. 

“Indenture” shall have the meaning set forth in the recitals hereto. 

“Instrument” shall have the meaning given such term in Section 9-102(a)(47) of
the UCC. 
 “Investment Property” shall have the meaning given such term in
Section 9-102(a)(49) of the UCC. 
 “Legal Requirements” shall mean, as to any
Person, the Organizational Documents of such Person, and any treaty, law (including the common law), statute, ordinance, code, rule, regulation, guidelines, license, permit requirement, Order, writ, decree or determination of an arbitrator or a
court or other Governmental Authority, and the interpretation or administration thereof, in each case applicable to or binding upon such Person or any of its property or to which such Person or any of its property is subject. 

“Limited Liability Company Assets” shall mean all assets, whether tangible or intangible and whether real, personal or mixed
(including, without limitation, all limited liability company capital and interest in other limited liability companies), at any time owned by any Pledgor or represented by any Limited Liability Company Interest. 

“Limited Liability Company Interests” shall mean the entire limited liability company membership interest at any time owned
by any Pledgor in any limited liability company. 
 “Location” of any Pledgor has the meaning given such term in Section 9-307 of the UCC. 
 “Non-Voting Equity
Interests” shall mean all Equity Interests of any Person that are not Voting Equity Interests. 
 “Notes” shall
mean (x) all intercompany notes at any time issued to each Pledgor and (y) all other promissory notes from time to time issued to, or held by, each Pledgor. 

“Notes Secured Parties” shall have the meaning set forth in the recitals hereto. 

“Organizational Documents” shall mean, with respect to any Person, (i) in the case of any corporation, the certificate
of incorporation or deed of incorporation and by-laws (or similar documents) of such Person, (ii) in the case of any limited liability company, the certificate or articles of formation or

  
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organization and operating agreement or memorandum and articles of association (or similar constitutive documents) of such Person, (iii) in the case of any limited partnership, the
certificate of formation and limited partnership agreement (or similar constitutive documents) of such Person (and, where applicable, the equityholders or shareholders registry of such Person), (iv) in the case of any general partnership, the
partnership agreement (or similar constitutive document) of such Person, (v) in any other case, the functional equivalent of the foregoing, and (vi) any shareholder, voting trust or similar agreement between or among any holders of Equity
Interests of such Person. 
 “Partnership Assets” shall mean all assets, whether tangible or intangible and whether real,
personal or mixed (including, without limitation, all partnership capital and interest in other partnerships), at any time owned by any Pledgor or represented by any Partnership Interest. 

“Partnership Interest” shall mean the entire general partnership interest or limited partnership interest at any time owned
by any Pledgor in any general partnership or limited partnership. 
 “Pledged Notes” shall mean all Notes at any time
pledged or required to be pledged hereunder. 
 “Pledgor” shall have the meaning set forth in the first paragraph hereof.

 “Proceeds” shall have the meaning given such term in Section 9-102(a)(64)
of the UCC. 
 “Registered Organization” shall have the meaning given such term in
Section 9-102(a)(70) of the UCC. 
 “Securities Intermediary” shall have the
meaning given such term in Section 8-102(14) of the UCC. 
 “Security” and
“Securities” shall have the meaning given such term in Section 8-102(a)(15) of the UCC and shall in any event also include all Stock and all Notes. 

“Security Agreement” shall have the meaning given such term in the Recitals. 

“Security Entitlement” shall have the meaning given such term in
Section 8-102(a)(17) of the UCC. 
 “Senior Secured Notes” shall have the
meaning set forth in the recitals hereto. 
 “Stock” shall mean (x) with respect to corporations incorporated under
the laws of the United States or any State thereof or the District of Columbia (each, a “Domestic Corporation”), all of the issued and outstanding shares of capital stock of any Domestic Corporation at any time owned by any Pledgor
and (y) with respect to corporations not Domestic Corporations (each, a “Foreign Corporation”), all of the issued and outstanding shares of capital stock of any Foreign Corporation at any time owned by any Pledgor. 

“UCC” shall mean the Uniform Commercial Code as in effect in the State of New York from time to time; provided
that all references herein to specific Sections or subsections of the UCC are references to such Sections or subsections, as the case may be, of the Uniform Commercial Code as in effect in the State of New York on the date hereof. 

“Uncertificated Security” shall have the meaning given such term in
Section 8-102(a)(18) of the UCC. 
 “Voting Equity Interests” of any Person
shall mean all classes of Equity Interests of such Person entitled to vote. 

  
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 3. PLEDGE OF SECURITIES, ETC. 

3.1 Pledge. To secure the Secured Obligations now or hereafter owed or to be performed by such Pledgor, each Pledgor does hereby grant,
pledge and assign to the Collateral Agent for the benefit of the Secured Parties, and does hereby create a continuing security interest in favor of the Collateral Agent for the benefit of the Secured Parties in and a lien on, all of its right, title
and interest in and to the following, whether now existing or hereafter from time to time acquired (collectively, the “Collateral”): 

(a) each of the Collateral Accounts (to the extent a security interest therein is not created pursuant to the Security
Agreement), including any and all assets of whatever type or kind deposited by such Pledgor in any such Collateral Account, whether now owned or hereafter acquired, existing or arising, including, without limitation, all Financial Assets, Investment
Property, monies, checks, drafts, Instruments, Securities or interests therein of any type or nature deposited or required by the Secured Documents to be deposited in such Collateral Account, and all investments and all certificates and other
Instruments (including depository receipts, if any) from time to time representing or evidencing the same, and all dividends, interest, distributions, cash and other property from time to time received, receivable or otherwise distributed in respect
of or in exchange for any or all of the foregoing; 
 (b) all Securities owned or held by such Pledgor from time to time and
all options and warrants owned by such Pledgor from time to time to purchase Securities; 
 (c) all Limited Liability Company
Interests owned by such Pledgor from time to time and all of its right, title and interest in each limited liability company to which each such Limited Liability Company Interest relates, whether now existing or hereafter acquired, including,
without limitation, to the fullest extent permitted under the terms and provisions of the documents and agreements governing such Limited Liability Company Interests and applicable law: 

(A) all its capital therein and its interest in all profits, income, surpluses, losses, Limited Liability Company Assets and
other distributions to which such Pledgor shall at any time be entitled in respect of such Limited Liability Company Interests; 

(B) all other payments due or to become due to such Pledgor in respect of Limited Liability Company Interests, whether under
any limited liability company agreement or otherwise, whether as contractual obligations, damages, insurance proceeds or otherwise; 

(C) all of its claims, rights, powers, privileges, authority, options, security interests, liens and remedies, if any, under
any limited liability company agreement or operating agreement, or at law or otherwise in respect of such Limited Liability Company Interests; 

(D) all present and future claims, if any, of such Pledgor against any such limited liability company for monies loaned or
advanced, for services rendered or otherwise; 
 (E) all of such Pledgor’s rights under any limited liability company
agreement or operating agreement or at law to exercise and enforce every right, power, remedy, authority, option and privilege of such Pledgor relating to such Limited Liability Company Interests, including any power to terminate, cancel or modify
any such limited liability company agreement or operating agreement, to execute any instruments and to 

  
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take any and all other action on behalf of and in the name of any of such Pledgor in respect of such Limited Liability Company Interests and any such limited liability company, to make
determinations, to exercise any election (including, but not limited to, election of remedies) or option or to give or receive any notice, consent, amendment, waiver or approval, together with full power and authority to demand, receive, enforce,
collect or receipt for any of the foregoing or for any Limited Liability Company Asset, to enforce or execute any checks, or other instruments or orders, to file any claims and to take any action in connection with any of the foregoing; and 

(F) all other property hereafter delivered in substitution for or in addition to any of the foregoing, all certificates and
instruments representing or evidencing such other property and all cash, securities, interest, dividends, rights and other property at any time and from time to time received, receivable or otherwise distributed in respect of or in exchange for any
or all thereof; 
 (d) all Partnership Interests owned by such Pledgor from time to time and all of its right, title and
interest in each partnership to which each such Partnership Interest relates, whether now existing or hereafter acquired, including, without limitation, to the fullest extent permitted under the terms and provisions of the documents and agreements
governing such Partnership Interests and applicable law: 
 (A) all its capital therein and its interest in all profits,
income, surpluses, losses, Partnership Assets and other distributions to which such Pledgor shall at any time be entitled in respect of such Partnership Interests; 

(B) all other payments due or to become due to such Pledgor in respect of Partnership Interests, whether under any partnership
agreement or otherwise, whether as contractual obligations, damages, insurance proceeds or otherwise; 
 (C) all of its
claims, rights, powers, privileges, authority, options, security interests, liens and remedies, if any, under any partnership agreement or operating agreement, or at law or otherwise in respect of such Partnership Interests; 

(D) all present and future claims, if any, of such Pledgor against any such partnership for monies loaned or advanced, for
services rendered or otherwise; 
 (E) all of such Pledgor’s rights under any partnership agreement or operating
agreement or at law to exercise and enforce every right, power, remedy, authority, option and privilege of such Pledgor relating to such Partnership Interests, including any power to terminate, cancel or modify any partnership agreement or operating
agreement, to execute any instruments and to take any and all other action on behalf of and in the name of such Pledgor in respect of such Partnership Interests and any such partnership, to make determinations, to exercise any election (including,
but not limited to, election of remedies) or option or to give or receive any notice, consent, amendment, waiver or approval, together with full power and authority to demand, receive, enforce, collect or receipt for any of the foregoing or for any
Partnership Asset, to enforce or execute any checks, or other instruments or orders, to file any claims and to take any action in connection with any of the foregoing; and 

(F) all other property hereafter delivered in substitution for or in addition to any of the foregoing, all certificates and
instruments representing or evidencing such other property and all cash, securities, interest, dividends, rights and other property at any time and from time to time received, receivable or otherwise distributed in respect of or in exchange for any
or all thereof; 

  
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 (e) all Financial Assets and Investment Property owned by such Pledgor from
time to time; 
 (f) all Security Entitlements owned by such Pledgor from time to time in any and all of the foregoing; and

 (g) all Proceeds of any and all of the foregoing; 

provided that (x) no Pledgor shall be required at any time to pledge hereunder more than 65% of the total combined voting power of all classes of
Voting Equity Interests of any direct Exempted Foreign Entity and (y) each Pledgor shall be required to pledge hereunder 100% of the Non-Voting Equity Interests of each direct Exempted Foreign Entity at
any time and from time to time acquired by such Pledgor, which Non-Voting Equity Interests shall not be subject to the limitations described in preceding clause (x). 

Notwithstanding anything to the contrary contained in this Section 3.1 or elsewhere in this Agreement, each Pledgor and the Collateral
Agent (on behalf of the Secured Parties) acknowledges and agrees that: 
 (x) the security interest granted pursuant to this
Agreement (including pursuant to this Section 3.1) to the Collateral Agent for the benefit of the Secured Parties in the Collateral shall be subordinated and subject to the security interest granted to the First Priority Agent for the benefit
of the First Lien Lenders on the terms and conditions set forth in the Intercreditor Agreement and all other rights and benefits afforded hereunder to the Secured Parties are expressly subject to the terms and conditions of the Intercreditor
Agreement; and 
 (y) the First Lien Lenders’ security interests in the Collateral constitute security interests
separate and apart (and of a different class and claim) from the Secured Parties’ security interests in the Collateral. 
 3.2
Procedures. (a) To the extent that any Pledgor at any time or from time to time owns, acquires or obtains any right, title or interest in any Collateral, such Collateral shall automatically (and without the taking of any action by such
Pledgor) be pledged pursuant to Section 3.1 of this Agreement, subject to the provisions of the Intercreditor Agreement, and, in addition thereto, such Pledgor shall (to the extent provided below) take the following actions as set forth below
(as promptly as practicable and, in any event, within 10 Business Days after it obtains such Collateral) for the benefit of the Collateral Agent and the other Secured Parties: 

(i) with respect to a Certificated Security (other than a Certificated Security credited on the books of a Clearing Corporation
or Securities Intermediary), such Pledgor shall physically deliver such Certificated Security to the Collateral Agent, endorsed in blank; 

(ii) with respect to an Uncertificated Security (other than an Uncertificated Security credited on the books of a Clearing
Corporation or Securities Intermediary), such Pledgor shall cause the issuer of such Uncertificated Security to either (A) issue to such Pledgor a Certificated Security in lieu of such Uncertificated Security and follow the procedure set forth
in Section 3.2(a)(i) hereof or (B) duly authorize, execute, and deliver to the Collateral Agent, an agreement for the benefit of the Collateral Agent and the other Secured Parties substantially in the form of Annex H hereto pursuant to
which such issuer agrees to comply with any and all instructions originated by the Collateral Agent without further consent by the registered owner and not to comply with instructions regarding 

  
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such Uncertificated Security (and any Partnership Interests and Limited Liability Company Interests issued by such issuer) originated by any other Person other than a court of competent
jurisdiction (it being understood that the Collateral Agent only will give such instructions to any issuer upon the occurrence and during the continuance of an Event of Default); 

(iii) with respect to a Certificated Security, Uncertificated Security, Partnership Interest or Limited Liability Company
Interest credited on the books of a Clearing Corporation or Securities Intermediary (including a Federal Reserve Bank, Participants Trust Company or The Depository Trust Company), such Pledgor shall promptly notify the Collateral Agent thereof and
shall promptly take (x) all actions required (i) to comply with the applicable rules of such Clearing Corporation or Securities Intermediary and (ii) to perfect the security interest of the Collateral Agent under applicable law
(including, in any event, under Sections 9-314(a), (b) and (c), 9-106 and 8-106(d) of the UCC) and (y) such other actions as
shall be necessary or desirable to effect the foregoing; 
 (iv) with respect to a Partnership Interest or a Limited
Liability Company Interest (other than a Partnership Interest or Limited Liability Company Interest credited on the books of a Clearing Corporation or Securities Intermediary), (1) if such Partnership Interest or Limited Liability Company Interest
is represented by a certificate and is a Security for purposes of the UCC, such Pledgor shall follow the procedure set forth in Section 3.2(a)(i) hereof, and (2) if such Partnership Interest or Limited Liability Company Interest is not
represented by a certificate or is not a Security for purposes of the UCC, such Pledgor shall follow the procedure set forth in Section 3.2(a)(ii) hereof; 

(v) with respect to any Note, physical delivery of such Note to the Collateral Agent, endorsed in blank; and 

(vi) with respect to cash proceeds from any of the Collateral described in Section 3.1 hereof, (i) establishment by
the Collateral Agent of a cash account (unless such an account is already in existence) in the name of such Pledgor over which the Collateral Agent shall have “control” within the meaning of the UCC and at any time any Default or Event of
Default is in existence no withdrawals or transfers may be made therefrom by any Person except with the prior written consent of the Collateral Agent (acting on the instructions of the Instructing Group) and (ii) deposit of such cash in such
cash account. 
 (b) In addition to the actions required to be taken pursuant to Section 3.2(a) hereof, each Pledgor shall take the
following additional actions with respect to the Collateral: 
 (i) with respect to all Collateral of such Pledgor whereby or
with respect to which the Collateral Agent may obtain “control” thereof within the meaning of Section 8-106 of the UCC (or under any provision of the UCC as same may be amended or supplemented
from time to time, or under the laws of any relevant State other than the State of New York), such Pledgor shall take all actions as may be reasonably necessary or as reasonably requested from time to time by the Collateral Agent so that
“control” of such Collateral is obtained and at all times held by the Collateral Agent; and 
 (ii) each Pledgor
shall from time to time cause appropriate financing statements (on appropriate forms) under the Uniform Commercial Code as in effect in the various relevant States, covering all Collateral hereunder, to be filed in the relevant filing offices so
that at all times the Collateral Agent’s security interest in all Investment 

  
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Property and other Collateral which can be perfected by the filing of such financing statements (in each case to the maximum extent perfection by filing may be obtained under the laws of the
relevant States, including, without limitation, Section 9-312(a) of the UCC) is so perfected. 

3.3 Subsequently Acquired Collateral. If any Pledgor shall acquire (by purchase, stock dividend, distribution or otherwise) any
additional Collateral at any time or from time to time after the date hereof, (i) such Collateral shall automatically (and without any further action being required to be taken) be subject to the pledge and security interests created pursuant
to Section 3.1 hereof and, furthermore, such Pledgor will thereafter take (or cause to be taken) all action (as promptly as practicable and, in any event, within 10 Business Days after it obtains such Collateral) with respect to such Collateral
in accordance with the procedures set forth in Section 3.2 hereof, and will promptly thereafter deliver to the Collateral Agent (i) a certificate executed by an authorized officer of such Pledgor describing such Collateral and certifying
that the same has been duly pledged in favor of the Collateral Agent for the benefit of the Secured Parties hereunder and (ii) supplements to Annexes A through G hereto as are necessary to cause such Annexes to be complete and accurate at such
time. Without limiting the foregoing, each Pledgor shall be required to pledge hereunder the Equity Interests of any Exempted Foreign Entity at any time and from time to time after the date hereof acquired by such Pledgor, provided that
(x) no Pledgor shall be required at any time to pledge hereunder more than 65% of the total combined voting power of all classes of Voting Equity Interests of any direct Exempted Foreign Entity and (y) each Pledgor shall be required to
pledge hereunder 100% of the Non-Voting Equity Interests of each direct Exempted Foreign Entity at any time and from time to time acquired by such Pledgor. 

3.4 Transfer Taxes. Each pledge of Collateral under Section 3.1 or Section 3.3 hereof shall be accompanied by any
transfer tax stamps required in connection with the pledge of such Collateral. 
 3.5 Certain Representations and Warranties
Regarding the Collateral. Each Pledgor represents and warrants that on the date hereof: (i) each Subsidiary of such Pledgor, and the direct ownership thereof, is listed in Annex B hereto; (ii) the Stock (and any warrants or options to
purchase Stock) held by such Pledgor consists of the number and type of shares of the stock (or warrants or options to purchase any stock) of the corporations as described in Annex C hereto; (iii) such Stock referenced in clause (ii) of
this paragraph constitutes that percentage of the issued and outstanding capital stock of the issuing corporation as is set forth in Annex C hereto; (iv) the Notes held by such Pledgor consist of the promissory notes described in Annex D hereto
where such Pledgor is listed as the lender; (v) the Limited Liability Company Interests held by such Pledgor consist of the number and type of interests of the Persons described in Annex E hereto; (vi) each such Limited Liability Company
Interest referenced in clause (v) of this paragraph constitutes that percentage of the issued and outstanding equity interest of the issuing Person as set forth in Annex E hereto; (vii) the Partnership Interests held by such Pledgor
consist of the number and type of interests of the Persons described in Annex F hereto; (viii) each such Partnership Interest referenced in clause (vii) of this paragraph constitutes that percentage or portion of the entire Partnership
Interest of the partnership as set forth in Annex F hereto; (ix) the exact address of each chief executive office of such Pledgor is listed on Annex G hereto; (x) the Pledgor has complied with the respective procedure set forth in
Section 3.2(a) hereof with respect to each item of Collateral described in Annexes C through F hereto; and (xi) on the date hereof, such Pledgor owns no other Securities, Stock, Notes, Limited Liability Company Interests or Partnership
Interests other than those listed in Annexes C through F hereof. 

  
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 4. APPOINTMENT OF SUB-AGENTS; ENDORSEMENTS, ETC. The
Collateral Agent shall have the right to appoint one or more sub-agents for the purpose of retaining physical possession of the Collateral, which may be held in the name of the relevant Pledgor, endorsed or
assigned in blank. 
 5. VOTING, ETC., WHILE NO EVENT OF DEFAULT. Unless and until there shall have occurred and be continuing an Event of
Default, each Pledgor shall be entitled to exercise any and all voting and other consensual rights pertaining to the Collateral owned by it, and to give consents, waivers or ratifications in respect thereof; provided that, in each case, no
vote shall be cast or any consent, waiver or ratification given or any action taken or omitted to be taken which would violate, result in a breach of any covenant contained in, or be inconsistent with any of the terms of any Secured Document, or
which could reasonably be expected to have the effect of impairing the value of the Collateral or any part thereof or the position or interests of the Collateral Agent or any other Secured Party in the Collateral, unless expressly permitted by the
terms of the Secured Documents. All such rights of each Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default has occurred and is continuing, and Section 7 hereof shall become applicable. 

6. DIVIDENDS AND OTHER DISTRIBUTIONS. Unless and until there shall have occurred and be continuing an Event of Default, all cash dividends,
cash distributions, cash Proceeds and other cash amounts payable in respect of the Collateral shall be paid to the respective Pledgor. The Collateral Agent shall be entitled to receive directly, and to retain as part of the Collateral: 

(i) all other or additional stock, notes, certificates, limited liability company interests, partnership interests, instruments
or other securities or property paid or distributed by way of dividend or otherwise in respect of the Collateral; 
 (ii) all
other or additional stock, notes, certificates, limited liability company interests, partnership interests, instruments or other securities or property (including, but not limited to, cash (although such cash may be paid directly to the respective
Pledgor so long as no Event of Default then exists)) paid or distributed in respect of the Collateral by way of stock-split, spin-off, split-up, reclassification,
combination of shares or similar rearrangement; and 
 (iii) all other or additional stock, notes, certificates, limited
liability company interests, partnership interests, instruments or other securities or property (including, but not limited to, cash (although such cash may be paid directly to the respective Pledgor so long as no Event of Default then exists))
which may be paid in respect of the Collateral by reason of any consolidation, merger, exchange of stock, conveyance of assets, liquidation or similar corporate or other reorganization. 

Nothing contained in this Section 6 shall limit or restrict in any way the Collateral Agent’s right to receive the proceeds of the Collateral in any
form in accordance with Section 3 of this Agreement. All dividends, distributions or other payments which are received by any Pledgor contrary to the provisions of this Section 6 or Section 7 hereof shall be received in trust for the
benefit of the Collateral Agent, shall be segregated from other property or funds of such Pledgor and shall be forthwith paid over to the Collateral Agent as Collateral in the same form as so received (with any necessary endorsement). 

  
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 7. REMEDIES IN CASE OF AN EVENT OF DEFAULT. If there shall have occurred and be continuing
an Event of Default, then and in every such case, subject to the provisions of the Intercreditor Agreement the Collateral Agent shall be entitled to exercise all of the rights, powers and remedies (whether vested in it by this Agreement, any other
Secured Document or by law) for the protection and enforcement of its rights in respect of the Collateral, and the Collateral Agent shall be entitled to exercise all the rights and remedies of a secured party under the UCC as in effect in any
relevant jurisdiction and also shall be entitled, without limitation, to exercise the following rights, which each Pledgor hereby agrees to be commercially reasonable: 

(i) to receive all amounts payable in respect of the Collateral otherwise payable under Section 6 hereof to the respective
Pledgor; 
 (ii) to transfer all or any part of the Collateral into the Collateral Agent’s name or the name of its
nominee or nominees; 
 (iii) to accelerate any Pledged Note which may be accelerated in accordance with its terms, and take
any other lawful action to collect upon any Pledged Note (including, without limitation, to make any demand for payment thereon); 

(iv) to vote (and exercise all rights and powers in respect of voting) all or any part of the Collateral (whether or not
transferred into the name of the Collateral Agent) and give all consents, waivers and ratifications in respect of the Collateral and otherwise act with respect thereto as though it were the outright owner thereof (each Pledgor hereby irrevocably
constituting and appointing the Collateral Agent the proxy and attorney-in-fact of such Pledgor, with full power of substitution to do so); 

(v) at any time and from time to time to sell, assign and deliver, or grant options to purchase, all or any part of the
Collateral, or any interest therein, at any public or private sale, without demand of performance, advertisement or, notice of intention to sell or of the time or place of sale or adjournment thereof or to redeem or otherwise purchase or dispose
(all of which are hereby waived by each Pledgor), for cash, on credit or for other property, for immediate or future delivery without any assumption of credit risk, and for such price or prices and on such terms as the Collateral Agent in its
absolute discretion may determine, provided at least 10 days’ written notice of the time and place of any such sale shall be given to the respective Pledgor. The Collateral Agent shall not be obligated to make any such sale of Collateral
regardless of whether any such notice of sale has theretofore been given. Each Pledgor hereby waives and releases to the fullest extent permitted by law any right or equity of redemption with respect to the Collateral, whether before or after sale
hereunder, and all rights, if any, of marshalling the Collateral and any other security or the Secured Obligations or otherwise. At any such sale, unless prohibited by applicable law, the Collateral Agent on behalf of the Secured Parties may bid for
and purchase all or any part of the Collateral so sold free from any such right or equity of redemption. Neither the Collateral Agent nor any other Secured Party shall be liable for failure to collect or realize upon any or all of the Collateral or
for any delay in so doing nor shall any of them be under any obligation to take any action whatsoever with regard thereto; and 

(vi) to set off any and all Collateral against any and all Secured Obligations, and to withdraw any and all cash or other
Collateral from any and all Collateral Accounts and to apply such cash and other Collateral to the payment of any and all Secured Obligations. 

  
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 8. REMEDIES, CUMULATIVE, ETC. Each and every right, power and remedy of the Collateral Agent
provided for in this Agreement or in any other Secured Document, or now or hereafter existing at law or in equity or by statute shall be cumulative and concurrent and shall be in addition to every other such right, power or remedy. The exercise or
beginning of the exercise by the Collateral Agent or any other Secured Party of any one or more of the rights, powers or remedies provided for in this Agreement or any other Secured Document or now or hereafter existing at law or in equity or by
statute or otherwise shall not preclude the simultaneous or later exercise by the Collateral Agent or any other Secured Party of all such other rights, powers or remedies, and no failure or delay on the part of the Collateral Agent or any other
Secured Party to exercise any such right, power or remedy shall operate as a waiver thereof. No notice to or demand on any Pledgor in any case shall entitle it to any other or further notice or demand in similar or other circumstances or constitute
a waiver of any of the rights of the Collateral Agent or any other Secured Party to any other or further action in any circumstances without notice or demand. The Secured Parties agree that this Agreement may be enforced only by the action of the
Collateral Agent, in each case, acting upon the instructions of the Trustee, and that no other Secured Party shall have any right individually to seek to enforce or to enforce this Agreement or to realize upon the security to be granted hereby, it
being understood and agreed that such rights and remedies may be exercised by the Collateral Agent for the benefit of the Secured Parties upon the terms of this Agreement and the Security Agreement. 

9. APPLICATION OF PROCEEDS. 

(a) Subject to the terms of the Intercreditor Agreement, all monies and other property and assets collected or received by the Collateral
Agent or any other Secured Party upon any sale or other disposition of the Collateral pursuant to the terms of this Agreement, together with all other monies and other property and assets collected or received by the Collateral Agent hereunder or
upon any distribution of (or on account of) Collateral (whether or not characterized as such) in connection with any case, proceeding or other action of the type described in Sections 7.01(i) and (j) of the Indenture, shall be applied
(1) first, to any amounts owed to the Collateral Agent hereunder and (2) second, to the holders of the Indenture Obligations and the holders of any Pari Passu Payment Lien Obligations, in each case, that are then due, on a
pro rata basis. Such monies and other property and assets shall be applied (x) in the case of Indenture Obligations, in the manner provided in the Section 7.10 of the Indenture and (y) in the case of Pari Passu Payment Lien
Obligations, in accordance with the relevant Pari Passu Payment Lien Documents that evidence or govern such Pari Passu Payment Lien Obligations. 

(b) It is understood and agreed that each Pledgor shall remain jointly and severally liable with respect to its Secured Obligations to the
extent of any deficiency between the amount of the proceeds of the Collateral pledged by it hereunder and the aggregate amount of such Secured Obligations. 

10. PURCHASERS OF COLLATERAL. Upon any sale of the Collateral by the Collateral Agent hereunder (whether by virtue of the power of sale herein
granted, pursuant to judicial process or otherwise), the receipt of the Collateral Agent or the officer making such sale shall be a sufficient discharge to the purchaser or purchasers of the Collateral so sold, and such purchaser or purchasers shall
not be obligated to see to the application of any part of the purchase money paid over to the Collateral Agent or such officer or be answerable in any way for the misapplication or non-application thereof.

 11. INDEMNITY. The indemnity obligations of each Pledgor contained in this Section 11 shall continue in full force and effect
notwithstanding the full payment of all the Senior Secured Notes issued under the Indenture and the payment of all other Secured Obligations and notwithstanding the discharge thereof. Section 13.11 of the Indenture (Compensation and Indemnity)
is hereby incorporated by reference as if fully set forth herein mutatis mutandis. 

  
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 12. COLLATERAL AGENT NOT A PARTNER OR LIMITED LIABILITY COMPANY MEMBER. (a) Nothing
herein shall be construed to make the Collateral Agent or any other Secured Party liable as a member of any limited liability company or as a partner of any partnership and neither the Collateral Agent nor any other Secured Party by virtue of this
Agreement or otherwise (except as referred to in the following sentence) shall have any of the duties, obligations or liabilities of a member of any limited liability company or as a partner in any partnership. The parties hereto expressly agree
that, unless the Collateral Agent shall become the absolute owner of Collateral consisting of a Limited Liability Company Interest or a Partnership Interest pursuant hereto, this Agreement shall not be construed as creating a partnership or joint
venture among the Collateral Agent, any other Secured Party, any Pledgor and/or any other Person. 
 (b) Except as provided in the last
sentence of paragraph (a) of this Section 12, the Collateral Agent, by accepting this Agreement, did not intend to become a member of any limited liability company or a partner of any partnership or otherwise be deemed to be a co-venturer with respect to any Pledgor, any limited liability company, partnership and/or any other Person either before or after an Event of Default shall have occurred. The Collateral Agent shall have only those
powers set forth herein and the Secured Parties shall assume none of the duties, obligations or liabilities of a member of any limited liability company or as a partner of any partnership or any Pledgor except as provided in the last sentence of
paragraph (a) of this Section 12. 
 (c) The Collateral Agent and the other Secured Parties shall not be obligated to perform or
discharge any obligation of any Pledgor as a result of the pledge hereby effected. 
 (d) The acceptance by the Collateral Agent of this
Agreement, with all the rights, powers, privileges and authority so created, shall not at any time or in any event obligate the Collateral Agent or any other Secured Party to appear in or defend any action or proceeding relating to the Collateral to
which it is not a party, or to take any action hereunder or thereunder, or to expend any money or incur any expenses or perform or discharge any obligation, duty or liability under the Collateral. 

13. FURTHER ASSURANCES; POWER-OF-ATTORNEY. (a) Each
Pledgor agrees that it will join with the Collateral Agent in executing and, at such Pledgor’s own expense, file and refile under the UCC or other applicable law such financing statements, continuation statements and other documents, in such
offices as shall be reasonably necessary or as the Collateral Agent (acting on the instructions of the Instructing Group) may reasonably request and wherever required or permitted by law in order to perfect and preserve the Collateral Agent’s
security interest in the Collateral hereunder and hereby authorizes the Collateral Agent to file financing statements and amendments thereto relative to all or any part of the Collateral (including, without limitation, financing statements which
list the Collateral specifically and/or “all assets” as collateral without the signature of such Pledgor where permitted by law, and agrees to do such further acts and things and to execute and deliver to the Collateral Agent such
additional conveyances, assignments, agreements and instruments as the Collateral Agent (acting on the instructions of the Instructing Group) may reasonably request to carry into effect the purposes of this Agreement or to further assure and confirm
unto the Collateral Agent its rights, powers and remedies hereunder or thereunder. 
 (b) Each Pledgor hereby constitutes and appoints the
Collateral Agent its true and lawful attorney-in-fact, irrevocably, with full authority in the place and stead of such Pledgor and in the name of such Pledgor or
otherwise, from time to time after the occurrence and during the continuance of an Event of Default, to act, require, demand, receive and give acquittance for any and all monies and claims for monies due or to become due to such Pledgor under or
arising out of the Collateral, to endorse any checks or other instruments or orders in connection therewith and to file any claims or take any action or institute any proceedings and to execute any instrument which the Collateral Agent (acting on
the instructions of the Instructing Group) may request to accomplish the purposes of this Agreement, which appointment as attorney is coupled with an interest. 

  
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 14. THE COLLATERAL AGENT. The Collateral Agent will hold in accordance with this Agreement
all items of the Collateral at any time received under this Agreement. It is expressly understood, acknowledged and agreed by each Secured Party that by accepting the benefits of this Agreement each such Secured Party acknowledges and agrees that
the obligations of the Collateral Agent as holder of the Collateral and interests therein and with respect to the disposition thereof, and otherwise under this Agreement, are only those expressly set forth in this Agreement, the other Secured
Documents and the Indenture. The Collateral Agent shall act hereunder on the terms and conditions set forth herein and in the other Secured Documents and the Indenture. The provisions of Article 13 of the Indenture shall inure to the benefit of the
Collateral Agent, and shall be binding upon all Pledgors and all Secured Parties, in connection with this Agreement and the other Collateral Documents. Without limiting the generality of the foregoing, (i) the Collateral Agent shall not be
subject to any fiduciary or other implied duties, regardless of whether an Event of Default has occurred and is continuing and (ii) the Collateral Agent shall not have any duty to take any discretionary action or exercise any discretionary
powers, except discretionary rights and powers expressly contemplated by the Collateral Documents that the Collateral Agent is required in writing to exercise by the Instructing Group. Notwithstanding anything to the contrary in this Agreement, in
no event shall the Collateral Agent be responsible for, or have any duty or obligation with respect to, the recording, filing, registering, perfection, protection or maintenance of the security interests or Liens intended to be created by this
Agreement (including the preparation, filing or continuation of any Uniform Commercial Code financing or continuation statements or similar documents or instruments), nor shall the Collateral Agent be responsible for, and the Collateral Agent makes
no representation regarding, the validity, enforceability, effectiveness or priority of this Agreement or the security interests or Liens intended to be created hereby. 

15. TRANSFER BY THE PLEDGORS. Except as permitted (i) prior to the date all Secured Obligations have been paid in full and
(ii) thereafter, pursuant to the other Secured Documents, no Pledgor will sell or otherwise dispose of, grant any option with respect to, or mortgage, pledge or otherwise encumber any of the Collateral or any interest therein. 

16. REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE PLEDGORS. (a) Each Pledgor represents, warrants and covenants as to itself and each
of its Subsidiaries that: 
 (i) it is the legal, beneficial and record owner of, and has good and marketable title to, all
of its Collateral consisting of one or more Securities, Partnership Interests and Limited Liability Company Interests and that it has sufficient interest in all of its Collateral in which a security interest is purported to be created hereunder for
such security interest to attach (subject, in each case, to no pledge, lien, mortgage, hypothecation, security interest, charge, option, Adverse Claim or other encumbrance whatsoever, except the liens and security interests created by this Agreement
and those created by the First Priority Collateral Documents); 
 (ii) it has full power, authority and legal right to pledge
all the Collateral pledged by it pursuant to this Agreement; 
 (iii) this Agreement has been duly authorized, executed and
delivered by such Pledgor and constitutes a legal, valid and binding obligation of such Pledgor enforceable against such Pledgor in accordance with its terms, except to the extent that the enforceability hereof may be limited by applicable
bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally and by general equitable principles (regardless of whether enforcement is sought in equity or at law); 

  
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 (iv) except to the extent already obtained or made, no consent of any other
party (including, without limitation, any stockholder, partner, member or creditor of such Pledgor or any of its Subsidiaries) and no consent, license, permit, approval or authorization of, exemption by, notice or report to, or registration, filing
or declaration with, any Governmental Authority is required to be obtained by such Pledgor in connection with (a) the execution, delivery or performance of this Agreement by such Pledgor, (b) the validity or enforceability of this
Agreement against such Pledgor (except as set forth in clause (iii) above), (c) the perfection or enforceability of the Collateral Agent’s security interest in such Pledgor’s Collateral or (d) except for compliance with or as may
be required by applicable securities laws, the exercise by the Collateral Agent of any of its rights or remedies provided herein; 

(v) neither the execution, delivery or performance by such Pledgor of this Agreement or any other Secured Document to which it
is a party, nor compliance by it with the terms and provisions hereof and thereof nor the consummation of the transactions contemplated therein: (i) will contravene any provision of any applicable Legal Requirement or Governmental Authority,
domestic or foreign, applicable to such Pledgor; (ii) will conflict or be inconsistent with or result in any breach of any of the terms, covenants, conditions or provisions of, or constitute a default under, or result in the creation or
imposition of (or the obligation to create or impose) any Lien (except pursuant to the Collateral Documents and, subject to the terms of the Intercreditor Agreement and the First Priority Claims) upon any of the properties or assets of such Pledgor
or any of its Subsidiaries pursuant to the terms of any indenture, lease, mortgage, deed of trust, credit agreement, loan agreement or any other material agreement, contract or other instrument to which such Pledgor or any of its Subsidiaries is a
party or is otherwise bound, or by which it or any of its properties or assets is bound or to which it may be subject; or (iii) will violate any provision of the Organizational Documents of such Pledgor or any of its Subsidiaries; 

(vi) all of such Pledgor’s Collateral (consisting of Securities, Limited Liability Company Interests and Partnership
Interests) has been duly and validly issued, is fully paid and non-assessable and is subject to no options to purchase or similar rights; 

(vii) each of such Pledgor’s Pledged Notes constitutes, or when executed by the obligor thereof will constitute, the
legal, valid and binding obligation of such obligor, enforceable in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws
affecting creditors’ rights generally and by general equitable principles (regardless of whether enforcement is sought in equity or at law); 

(viii) the pledge, collateral assignment and delivery to the Collateral Agent of such Pledgor’s Collateral consisting of
Certificated Securities and Pledged Notes pursuant to this Agreement creates a valid and perfected first priority security interest in such Certificated Securities and Pledged Notes, and the proceeds thereof, subject to no prior Lien or encumbrance
or to any agreement purporting to grant to any third party a Lien or encumbrance on the property or assets of such Pledgor which would include the Securities (other than, subject to the terms of the Intercreditor Agreement, the Liens securing First
Priority Claims) and the Collateral Agent is entitled to all the rights, priorities and benefits afforded by the UCC or other relevant law as enacted in any relevant jurisdiction to perfect security interests in respect of such Collateral; and 

  
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 (ix) “control” (as defined in
Section 8-106 of the UCC) has been obtained by the Collateral Agent over all of such Pledgor’s Collateral consisting of Securities (including, without limitation, Notes which are Securities) with
respect to which such “control” may be obtained pursuant to Section 8-106 of the UCC, except to the extent that the obligation of the applicable Pledgor to provide the Collateral Agent with
“control” of such Collateral has not yet arisen under this Agreement; provided that in the case of the Collateral Agent obtaining “control” over Collateral consisting of a Security Entitlement, such Pledgor shall have
taken all steps in its control so that the Collateral Agent obtains “control” over such Security Entitlement. 
 (b) Each Pledgor
covenants and agrees that it will defend the Collateral Agent’s right, title and security interest in and to such Pledgor’s Collateral and the proceeds thereof against the claims and demands of all persons whomsoever; and each Pledgor
covenants and agrees that it will have like title to and right to pledge any other property at any time hereafter pledged to the Collateral Agent by such Pledgor as Collateral hereunder and will likewise defend the right thereto and security
interest therein of the Collateral Agent and the other Secured Parties. 
 (c) Each Pledgor covenants and agrees that it will take no action
which would violate any of the terms of any Secured Document. 
 17. LEGAL NAMES; TYPE OF ORGANIZATION (AND WHETHER A REGISTERED
ORGANIZATION); JURISDICTION OF ORGANIZATION; LOCATION; FEDERAL EMPLOYER IDENTIFICATION NUMBERS; CHANGES THERETO; ETC. The exact legal name of each Pledgor, the type of organization of such Pledgor, whether or not such Pledgor is a Registered
Organization, the jurisdiction of organization of such Pledgor, the Location of such Pledgor and the Federal Employer Identification Number (if any) of such Pledgor is listed on Annex A hereto for such Pledgor. No Pledgor shall change its legal
name, its type of organization, its status as a Registered Organization (in the case of a Registered Organization), its jurisdiction of organization, its Location or its Federal Employer Identification Number (if any) except that any such changes
shall be permitted (so long as not in violation of the applicable requirements of the Secured Documents and so long as same do not involve (x) a Registered Organization ceasing to constitute the same or (y) any Pledgor changing its
jurisdiction of organization or Location from the United States or a State thereof to a jurisdiction of organization or Location, as the case may be, outside the United States or a State thereof) if (i) it shall have given to the Collateral
Agent not less than 5 days’ prior written notice of each change to the information listed on Annex A (as adjusted for any subsequent changes thereto previously made in accordance with this sentence), together with a supplement to Annex A which
shall correct all information contained therein for such Pledgor, and (ii) in connection with the respective change or changes, it shall have taken all action reasonably necessary or as reasonably requested by the Collateral Agent to maintain
the security interests of the Collateral Agent in the Collateral intended to be granted hereby at all times fully perfected and in full force and effect. 

18. PLEDGORS’ OBLIGATIONS ABSOLUTE, ETC. The obligations of each Pledgor under this Agreement shall be absolute and unconditional and
shall remain in full force and effect without regard to, and shall not be released, suspended, discharged, terminated or otherwise affected by, any circumstance or occurrence whatsoever (other than termination of this Agreement pursuant to
Section 20 hereof), including, without limitation: 
 (i) any renewal, extension, amendment or modification of, or
addition or supplement to or deletion from any Secured Document (other than this Agreement in accordance with its terms), or any other instrument or agreement referred to therein, or any assignment or transfer of any thereof; 

  
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 (ii) any waiver, consent, extension, indulgence or other action or inaction
under or in respect of any such agreement or instrument including, without limitation, this Agreement (other than a waiver, consent or extension with respect to this Agreement in accordance with its terms); 

(iii) any furnishing of any additional security to the Collateral Agent or its assignee or any acceptance thereof or any
release of any security by the Collateral Agent or its assignee; 
 (iv) any limitation on any party’s liability or
obligations under any such instrument or agreement or any invalidity or unenforceability, in whole or in part, of any such instrument or agreement or any term thereof; or 

(v) any bankruptcy, insolvency, reorganization, composition, adjustment, dissolution, liquidation or other like proceeding
relating to any Pledgor or any Subsidiary of any Pledgor, or any action taken with respect to this Agreement by any trustee or receiver, or by any court, in any such proceeding, whether or not such Pledgor shall have notice or knowledge of any of
the foregoing. 
 19. SALE OF COLLATERAL WITHOUT REGISTRATION. If at any time when the Collateral Agent shall (acting on the instructions of
the Instructing Group) exercise its right to sell all or any part of the Collateral consisting of Securities, Limited Liability Company Interests or Partnership Interests pursuant to Section 7 hereof, and such Collateral or the part thereof to
be sold shall not, for any reason whatsoever, be effectively registered under the Securities Act, as then in effect, the Collateral Agent may sell such Collateral or part thereof by private sale in such manner and under such circumstances as the
Collateral Agent may deem necessary or advisable in order that such sale may legally be effected without such registration. Without limiting the generality of the foregoing, in any such event the Collateral Agent (acting on the instructions of the
Instructing Group) (i) may proceed to make such private sale notwithstanding that a registration statement for the purpose of registering such Collateral or part thereof shall have been filed under such Securities Act, (ii) may approach
and negotiate with a single possible purchaser to effect such sale, and (iii) may restrict such sale to a purchaser who will represent and agree that such purchaser is purchasing for its own account, for investment, and not with a view to the
distribution or sale of such Collateral or part thereof. In the event of any such sale, the Collateral Agent shall incur no responsibility or liability for selling all or any part of the Collateral at a price which the Collateral Agent, in its sole
and absolute discretion, may in good faith deem reasonable under the circumstances, notwithstanding the possibility that a substantially higher price might be realized if the sale were deferred until the registration as aforesaid. 

20. TERMINATION; RELEASE. (a) On the Termination Date, this Agreement shall terminate (provided that all indemnities set forth herein
including, without limitation, in Section 11 hereof shall survive any such termination) and the Collateral Agent, at the written request and sole expense of such Pledgor, will execute and deliver to such Pledgor a proper instrument or
instruments (including UCC termination statements) acknowledging the satisfaction and termination of this Agreement (including, without limitation, UCC termination statements and instruments of satisfaction, discharge and/or reconveyance), and will
duly release from the security interest created hereby and assign, transfer and deliver to such Pledgor (without recourse and without any representation or warranty) such of the Collateral as may be in the possession of the Collateral Agent and as
has not theretofore been sold or otherwise applied or released pursuant to this Agreement, together with any moneys at the time held by the Collateral Agent or any of its sub-agents hereunder and, with respect
to any Collateral 

  
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consisting of an Uncertificated Security, a Partnership Interest or a Limited Liability Company Interest (other than an Uncertificated Security, Partnership Interest or Limited Liability Company
Interest credited on the books of a Clearing Corporation or Securities Intermediary), a termination of the agreement relating thereto executed and delivered by the issuer of such Uncertificated Security pursuant to Section 3.2(a)(ii) or by the
respective partnership or limited liability company pursuant to Section 3.2(a)(iv)(2). 
 (b) In the event that any part of the
Collateral is sold or otherwise disposed of (to a Person other than a Secured Party) at any time prior to the Termination Date, in connection with a sale or disposition permitted by (i) Section 6.01 of the Indenture or is otherwise
released at the direction of the requisite Holders and (ii) the comparable provisions of the Pari Passu Payment Lien Documents or is otherwise released at the direction of the requisite holders of such Pari Passu Payment Lien Obligations, and
the proceeds of such sale or disposition (or from such release) are applied in accordance with the terms of each of the Indenture and such Pari Passu Payment Lien Documents, as the case may be, to the extent required to be so applied, the Collateral
Agent, at the written request and sole expense of such Pledgor, will duly release from the security interest created hereby (and will execute and deliver such documentation, including termination or partial release statements and the like in
connection therewith) and assign, transfer and deliver to such Pledgor (without recourse and without any representation or warranty) such of the Collateral as is then being (or has been) so sold or released and as may be in the possession of the
Collateral Agent (or, in the case of Collateral held by any sub-agent designated pursuant to Section 4 hereof, such sub-agent) and has not theretofore been released
pursuant to this Agreement. 
 (c) At any time that any Pledgor desires that Collateral be released as provided in the foregoing
Section 20(a) or (b), it shall deliver to the Collateral Agent (and the relevant sub-agent, if any, designated pursuant to Section 4 hereof) a certificate signed by an authorized officer of such
Pledgor certifying that the release of the respective Collateral is permitted pursuant to the Secured Documents, including Section 20(a) or (b) hereof. 

(d) The Collateral Agent shall have no liability whatsoever to any other Secured Party as the result of any release of Collateral by it in
accordance with (or which the Collateral Agent in good faith believes to be in accordance with) this Section 20. 
 21. NOTICES, ETC.
Except as otherwise specified herein, all notices, requests, demands or other communications to or upon the respective parties hereto shall be sent or delivered by mail, telegraph, telex, telecopy, cable or courier service and all such notices and
communications shall, when mailed, telegraphed, telexed, telecopied, or cabled or sent by courier, be effective when deposited in the mails, delivered to the telegraph company, cable company or overnight courier, as the case may be, or sent by telex
or telecopier, except that notices and communications to the Collateral Agent or any Pledgor shall not be effective until received by the Collateral Agent or such Pledgor, as the case may be. All notices and other communications shall be in writing
and addressed as follows: 
 (a) if to any Pledgor, at its address set forth in the Security Agreement; 

(b) if to the Collateral Agent, at its address set forth in the Security Agreement, 

or at such other address or addressed to such other individual as shall have been furnished in writing by any Person described above to the party required to
give notice hereunder. 
 22. WAIVER; AMENDMENT. Except as provided in Sections 30 and 32 hereof, none of the terms and conditions of this
Agreement may be changed, waived, modified or varied in any manner whatsoever except in accordance with the requirements specified in the Security Agreement. 

  
 Page 18 

 23. SUCCESSORS AND ASSIGNS. This Agreement shall create a continuing security interest in
the Collateral and shall (i) remain in full force and effect, subject to release and/or termination as set forth in Section 20 hereof, (ii) be binding upon each Pledgor, its successors and assigns; provided, however,
that no Pledgor shall assign any of its rights or obligations hereunder without the prior written consent of the Collateral Agent (acting on the instructions of the Instructing Group) or as may otherwise be permitted by the Secured Documents, and
(iii) inure, together with the rights and remedies of the Collateral Agent hereunder, to the benefit of the Collateral Agent, the other Secured Parties and their respective successors, transferees and assigns. All agreements, statements,
representations and warranties made by each Pledgor herein or in any certificate or other instrument delivered by such Pledgor or on its behalf under this Agreement shall be considered to have been relied upon by the Secured Parties and shall
survive the execution and delivery of this Agreement and the other Secured Documents regardless of any investigation made by the Secured Parties or on their behalf. 

24. HEADINGS DESCRIPTIVE. The headings of the several Sections of this Agreement are inserted for convenience only and shall not in any way
affect the meaning or construction of any provision of this Agreement. 
 25. GOVERNING LAW; SUBMISSION TO JURISDICTION; VENUE; WAIVER OF
JURY TRIAL. (a) THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH AND BE GOVERNED BY THE LAW OF THE STATE OF NEW YORK. ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT
OR ANY OTHER SECURED DOCUMENT SHALL BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK OR OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF NEW YORK, IN EACH CASE WHICH ARE LOCATED IN THE COUNTY OF NEW YORK, AND, BY EXECUTION AND DELIVERY OF THIS
AGREEMENT, EACH PLEDGOR HEREBY IRREVOCABLY ACCEPTS FOR ITSELF AND IN RESPECT OF ITS PROPERTY, GENERALLY AND UNCONDITIONALLY, THE EXCLUSIVE JURISDICTION OF THE AFORESAID COURTS. EACH PARTY HERETO HEREBY FURTHER IRREVOCABLY WAIVES ANY CLAIM THAT ANY
SUCH COURTS LACK PERSONAL JURISDICTION OVER SUCH PARTY, AND AGREES NOT TO PLEAD OR CLAIM IN ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT OR ANY OTHER SECURED DOCUMENT BROUGHT IN ANY OF THE AFORESAID COURTS THAT ANY SUCH COURT LACKS
PERSONAL JURISDICTION OVER SUCH PARTY. EACH PLEDGOR IRREVOCABLY CONSENTS TO THE SERVICE OF PROCESS OUT OF ANY OF THE AFOREMENTIONED COURTS IN ANY SUCH ACTION OR PROCEEDING BY THE MAILING OF COPIES THEREOF BY REGISTERED OR CERTIFIED MAIL, POSTAGE
PREPAID, TO ANY SUCH PLEDGOR AT ITS ADDRESS FOR NOTICES AS PROVIDED IN SECTION 21 ABOVE, SUCH SERVICE TO BECOME EFFECTIVE 30 DAYS AFTER SUCH MAILING. EACH PLEDGOR HEREBY IRREVOCABLY WAIVES ANY OBJECTION TO SUCH SERVICE OF PROCESS AND FURTHER
IRREVOCABLY WAIVES AND AGREES NOT TO PLEAD OR CLAIM IN ANY ACTION OR PROCEEDING COMMENCED HEREUNDER OR UNDER ANY OTHER SECURED DOCUMENT THAT SUCH SERVICE OF PROCESS WAS IN ANY WAY INVALID OR INEFFECTIVE. NOTHING HEREIN, HOWEVER, SHALL AFFECT THE
RIGHT OF THE COLLATERAL AGENT UNDER THIS AGREEMENT, OR ANY SECURED PARTY, TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR TO COMMENCE LEGAL PROCEEDINGS OR OTHERWISE PROCEED AGAINST ANY PLEDGOR IN ANY OTHER JURISDICTION. 

(b) EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY OF THE
AFORESAID ACTIONS OR PROCEEDINGS ARISING OUT OF OR IN CONNECTION WITH THIS AGREEMENT OR ANY OTHER SECURED DOCUMENT BROUGHT IN THE COURTS REFERRED TO IN CLAUSE (a) ABOVE AND HEREBY FURTHER IRREVOCABLY WAIVES AND AGREES NOT TO PLEAD OR CLAIM IN
ANY SUCH COURT THAT ANY SUCH ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. 

  
 Page 19 

 (c) EACH OF THE PARTIES TO THIS AGREEMENT HEREBY IRREVOCABLY WAIVES ALL RIGHT TO A TRIAL BY
JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS AGREEMENT, THE OTHER SECURED DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. 

26. PLEDGOR’S DUTIES. It is expressly agreed, anything herein contained to the contrary notwithstanding, that each Pledgor shall remain
liable to perform all of the obligations, if any, assumed by it with respect to the Collateral and the Collateral Agent shall not have any obligations or liabilities with respect to any Collateral by reason of or arising out of this Agreement,
except for the safekeeping of Collateral actually in Pledgor’s possession, nor shall the Collateral Agent be required or obligated in any manner to perform or fulfill any of the obligations of any Pledgor under or with respect to any
Collateral. 
 27. COUNTERPARTS. This Agreement may be executed in any number of counterparts and by the different parties hereto on
separate counterparts, each of which when so executed and delivered shall be an original, but all of which shall together constitute one and the same instrument. A set of counterparts executed by all the parties hereto shall be lodged with each
Pledgor and the Collateral Agent. 
 28. SEVERABILITY. Any provision of this Agreement which is prohibited or unenforceable in any
jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not
invalidate or render unenforceable such provision in any other jurisdiction. 
 29. RECOURSE. This Agreement is made with full recourse to
each Pledgor and pursuant to and upon all the representations, warranties, covenants and agreements on the part of such Pledgor contained herein and in the other Secured Documents and otherwise in writing in connection herewith or therewith. 

30. ADDITIONAL PLEDGORS. It is understood and agreed that any Subsidiary of Company that is required to become a party to this Agreement after
the date hereof pursuant to the requirements of the Indenture or any other Secured Document, shall become a Pledgor hereunder by (x) executing a joinder agreement in the form of Annex I hereto and delivering same to the Collateral Agent,
(y) delivering supplements to Annexes A through G, hereto as are necessary to cause such annexes to be complete and accurate with respect to such additional Pledgor on such date and (z) taking all actions as specified in this Agreement as
would have been taken by such Pledgor had it been an original party to this Agreement, in each case with all documents required above to be delivered to the Collateral Agent and with all documents and actions required above to be taken. 

31. LIMITED OBLIGATIONS. It is the desire and intent of each Pledgor and the Secured Parties that this Agreement shall be enforced against
each Pledgor to the fullest extent permissible under the laws applied in each jurisdiction in which enforcement is sought. Notwithstanding anything to the contrary contained herein, in furtherance of the foregoing, it is noted that the obligations
of each Pledgor constituting a Guarantor have been limited as provided in the Indenture. 
 32. RELEASE OF PLEDGORS. If at any time all of
the Equity Interests of any Pledgor owned by the Company or any of its Subsidiaries are sold (to a Person other than a Secured Party) in a transaction permitted pursuant to the Indenture and any Pari Passu Payment Lien Document (and which does not
violate the terms of any other Secured Document then in effect), then, such Pledgor 

  
 Page 20 

 
shall be released as a Pledgor pursuant to this Agreement without any further action hereunder (it being understood that the sale of all of the Equity Interests in any Person that owns, directly
or indirectly, all of the Equity Interests in any Pledgor shall be deemed to be a sale of all of the Equity Interests in such Pledgor for purposes of this Section), and the Collateral Agent is authorized and directed, at the sole expense of the
Company, to execute and deliver such instruments of release as may be reasonably requested in writing by the Company. At any time that the Company desires that a Pledgor be released from this Agreement as provided in this Section 32, the
Company shall deliver to the Collateral Agent a certificate signed by an authorized officer of the Company stating that the release of such Pledgor is permitted pursuant to this Section 32. The Collateral Agent shall have no liability
whatsoever to any other Secured Party as a result of the release of any Pledgor by it in accordance with, or which it believes in good faith to be in accordance with, this Section 32. 

33. RIGHTS AND OBLIGATIONS SUBJECT TO INTERCREDITOR AGREEMENT. Without limiting the generality of Section 1(b): (a) the Liens granted
hereunder in favor of the Collateral Agent for the benefit of the Secured Parties in respect of the Collateral and the exercise of any right related thereto thereby shall be subject, in each case, to the terms of the Intercreditor Agreement; and
(b) notwithstanding anything to the contrary herein, any provision hereof that requires (or any representation or warranty hereunder to the extent that it would have the effect of requiring) any Pledgor to (i) deliver any Collateral to the
Collateral Agent, or (ii) provide that the Collateral Agent have control over such Collateral, (or, in the case of any representation or warranty hereunder, shall be deemed to be true) by (A) with respect to sub-clause (i) hereof, the delivery of such Collateral by such Pledgor to the First Priority Agent for the benefit of the secured parties under the First Priority Collateral Documents and the Secured Parties
pursuant to Section 4.7 of the Intercreditor Agreement, and (B) with respect to sub-clause (ii) hereof, providing that the First Priority Agent be provided with control with respect to such
Collateral of such Pledgor for the benefit of the secured parties under the First Priority Collateral Documents and the Secured Parties pursuant to Section 4.7 of the Intercreditor Agreement. 

* * * * 

  
 Page 21 

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

			
	 CURO GROUP HOLDINGS CORP.,
 as a
Pledgor

		
	By:	 	/s/ Donald F. Gayhardt Jr.
		 	Name: Donald F. Gayhardt Jr.
		 	Title: Chief Executive Officer and President
	
	 CURO FINANCIAL TECHNOLOGIES CORP.

CURO INTERMEDIATE HOLDINGS CORP.
 A SPEEDY CASH CAR TITLE LOANS,
LLC
 ADVANCE GROUP, INC.
 ATTAIN FINANCE, LLC

AVIO CREDIT, INC.
 CASH COLORADO, LLC

CONCORD FINANCE, INC.
 CURO CREDIT, LLC

ENNOBLE FINANCE, LLC
 EVERGREEN FINANCIAL INVESTMENTS, INC.

FMMR INVESTMENTS, INC.
 GALT VENTURES, LLC

PRINCIPAL INVESTMENTS, INC.
 SCIL TEXAS, LLC

SC AURUM, LLC
 SCIL, INC.

SPEEDY CASH
 SPEEDY CASH ILLINOIS, INC.

SC TEXAS MB, INC.
 THE MONEY STORE, L.P.

CURO MANAGEMENT LLC
 TODD CAR TITLE, INC.

TODD FINANCIAL, INC.

	
	Each as a Pledgor
		
	By:	 	/s/ Donald F. Gayhardt Jr.
		 	Name: Donald F. Gayhardt Jr.
		 	Title: Chief Executive Officer and President

 [Project Grace—Signature Page to Pledge Agreement] 

 Accepted and Agreed to: 
  

			
	 TMI TRUST COMPANY,
 as Collateral
Agent

		
	By:	 	/s/ Kathy E. Knapp
		 	Name: Kathy E. Knapp
		 	Title: Vice President

 [Project Grace—Signature Page to Pledge Agreement]EX-10.2

 Exhibit 10.2 

EXECUTION VERSION 
  

 
  

SECURITY AGREEMENT 
 among 

CURO GROUP HOLDINGS CORP., 

CERTAIN SUBSIDIARIES OF CURO GROUP HOLDINGS CORP. 

and 
 TMI TRUST COMPANY, 

as COLLATERAL AGENT 
  

 
 Dated as of
August 27, 2018 
  
  

 
  

 

 TABLE OF CONTENTS 

 

							
	 	    	 	  	Page	 
	 ARTICLE I SECURITY INTERESTS
	  	 	1	 
			
	 1.1
	    	Grant of Security Interests	  	 	1	 
	 1.2
	    	Power of Attorney	  	 	3	 
		
	 ARTICLE II GENERAL REPRESENTATIONS, WARRANTIES AND COVENANTS
	  	 	3	 
			
	 2.1
	    	Necessary Filings	  	 	3	 
	 2.2
	    	No Liens	  	 	4	 
	 2.3
	    	Other Financing Statements	  	 	4	 
	 2.4
	    	Chief Executive Office, Record Locations	  	 	4	 
	 2.5
	    	Location of Inventory and Equipment	  	 	4	 
	 2.6
	    	Legal Names; Type of Organization (and Whether a Registered Organization); Jurisdiction of Organization; Location; Federal Employer Identification Number; Changes Thereto; etc	  	 	4	 
	 2.7
	    	Trade Names; Etc.	  	 	5	 
	 2.8
	    	Certain Significant Transactions	  	 	5	 
	 2.9
	    	Non-UCC Property	  	 	5	 
	 2.10
	    	As-Extracted Collateral; Timber-to-be-Cut	  	 	5	 
	 2.11
	    	Collateral in the Possession of a Bailee	  	 	5	 
	 2.12
	    	Recourse	  	 	6	 
		
	 ARTICLE III SPECIAL PROVISIONS CONCERNING ACCOUNTS; CONTRACT RIGHTS; INSTRUMENTS;
CHATTEL PAPER AND CERTAIN OTHER COLLATERAL
	  	 	6	 
			
	 3.1
	    	Additional Representations and Warranties	  	 	6	 
	 3.2
	    	Maintenance of Records	  	 	6	 
	 3.3
	    	Direction to Account Debtors; Contracting Parties; etc.	  	 	7	 
	 3.4
	    	Modification of Terms; etc.	  	 	7	 
	 3.5
	    	Collection	  	 	7	 
	 3.6
	    	Instruments	  	 	7	 
	 3.7
	    	Assignors Remain Liable Under Accounts	  	 	8	 
	 3.8
	    	Assignors Remain Liable Under Contracts	  	 	8	 
	 3.9
	    	Deposit Accounts; Etc.	  	 	8	 
	 3.10
	    	Letter-of-Credit Rights	  	 	9	 
	 3.11
	    	Commercial Tort Claims	  	 	9	 
	 3.12
	    	Chattel Paper	  	 	9	 
	 3.13
	    	Further Actions	  	 	9	 
		
	 ARTICLE IV SPECIAL PROVISIONS CONCERNING TRADEMARKS AND DOMAIN NAMES
	  	 	10	 
			
	 4.1
	    	Additional Representations and Warranties	  	 	10	 
	 4.2
	    	Licenses and Assignments	  	 	10	 
	 4.3
	    	Infringements	  	 	10	 
	 4.4
	    	Preservation of Marks and Domain Names	  	 	10	 
	 4.5
	    	Maintenance of Registration	  	 	11	 
	 4.6
	    	Future Registered Marks and Domain Names	  	 	11	 
	 4.7
	    	Remedies	  	 	11	 

  
 (i) 

							
		
	 ARTICLE V SPECIAL PROVISIONS CONCERNING PATENTS, COPYRIGHTS AND TRADE
SECRETS
	  	 	11	 
			
	 5.1
	    	Additional Representations and Warranties	  	 	11	 
	 5.2
	    	Licenses and Assignments	  	 	12	 
	 5.3
	    	Infringements	  	 	12	 
	 5.4
	    	Maintenance of Patents or Copyrights	  	 	12	 
	 5.5
	    	Prosecution of Patent or Copyright Applications	  	 	12	 
	 5.6
	    	Other Patents and Copyrights	  	 	12	 
	 5.7
	    	Remedies	  	 	12	 
		
	 ARTICLE VI PROVISIONS CONCERNING ALL COLLATERAL
	  	 	13	 
			
	 6.1
	    	Protection of Collateral Agent’s Security	  	 	13	 
	 6.2
	    	Warehouse Receipts Non-Negotiable	  	 	13	 
	 6.3
	    	Additional Information	  	 	13	 
	 6.4
	    	Further Actions	  	 	13	 
	 6.5
	    	Financing Statements	  	 	14	 
		
	 ARTICLE VII REMEDIES UPON OCCURRENCE OF AN EVENT OF DEFAULT
	  	 	14	 
			
	 7.1
	    	Remedies; Obtaining the Collateral Upon Default	  	 	14	 
	 7.2
	    	Remedies; Disposition of the Collateral	  	 	15	 
	 7.3
	    	Waiver of Claims	  	 	16	 
	 7.4
	    	Application of Proceeds	  	 	16	 
	 7.5
	    	Remedies Cumulative	  	 	17	 
	 7.6
	    	Discontinuance of Proceedings	  	 	17	 
		
	 ARTICLE VIII INDEMNITY
	  	 	17	 
			
	 8.1
	    	Indemnity	  	 	17	 
	 8.2
	    	Indemnity Obligations Secured by Collateral; Survival	  	 	17	 
		
	 ARTICLE IX DEFINITIONS
	  	 	18	 
		
	 ARTICLE X MISCELLANEOUS
	  	 	22	 
			
	 10.1
	    	Notices	  	 	22	 
	 10.2
	    	Waiver; Amendment	  	 	22	 
	 10.3
	    	Obligations Absolute	  	 	22	 
	 10.4
	    	Successors and Assigns	  	 	23	 
	 10.5
	    	Headings Descriptive	  	 	23	 
	 10.6
	    	GOVERNING LAW; SUBMISSION TO JURISDICTION; VENUE; WAIVER OF JURY TRIAL	  	 	23	 
	 10.7
	    	Assignor’s Duties	  	 	24	 
	 10.8
	    	Termination; Release	  	 	24	 
	 10.9
	    	Counterparts	  	 	24	 
	 10.10
	    	Severability	  	 	24	 
	 10.11
	    	The Collateral Agent and the other Secured Parties	  	 	24	 
	 10.12
	    	Additional Assignors	  	 	25	 
	 10.13
	    	Intercreditor Agreement	  	 	25	 
	 10.14
	    	Pari Passu Payment Lien Obligations	  	 	26	 

  
 (ii) 

			
	 ANNEX A
	  	 Schedule of Chief Executive Offices Address(es) of Chief Executive Office

	 ANNEX B
	  	 Schedule of Inventory and Equipment Locations

	 ANNEX C
	  	 Schedule of Legal Names, Type of Organization (and Whether a Registered

		  	 Organization), Jurisdiction of Organization, Location and Federal Employer

		  	 Identification Numbers

	 ANNEX D
	  	 Schedule of Trade and Fictitious Names

	 ANNEX E
	  	 Description of Certain Significant Transactions Occurring Within One Year Prior to
the

		  	 Date of the Security Agreement

	 ANNEX F
	  	 Schedule of Concentration Accounts

	 ANNEX G
	  	 Form of Control Agreement Regarding Deposit Accounts

	 ANNEX H
	  	 Schedule of Commercial Tort Claims

	 ANNEX I
	  	 Schedule of Marks and Applications; Internet Domain Name Registrations

	 ANNEX J
	  	 Schedule of Patents

	 ANNEX K
	  	 Schedule of Copyrights

	 ANNEX L
	  	 Trademark Security Agreement

	 ANNEX M
	  	 Grant of Security Interest in United States Patents

	 ANNEX N
	  	 Grant of Security Interest in United States Copyrights

	 ANNEX O
	  	 Form of Security Agreement Joinder

	 ANNEX P
	  	 Form of Accession Agreement

  
 (iii) 

 SECURITY AGREEMENT 

SECURITY AGREEMENT, dated as of August 27, 2018, made by each of the undersigned assignors (each, an “Assignor” and,
together with any other entity that becomes an assignor hereunder pursuant to Section 10.12 hereof, the “Assignors”) in favor of TMI Trust Company, as collateral agent (together with any successor collateral agent or assign and
any co-collateral agents, in such capacity, the “Collateral Agent”), for the benefit of the Secured Parties (as defined below). Certain capitalized terms as used herein are defined in Article
IX hereof. Except as otherwise defined herein, all capitalized terms used herein and defined in the Indenture (as defined below) shall be used herein as therein defined. 

W I T N E S S E T H: 

WHEREAS, CURO Group Holdings Corp. (the “Company”), the guarantors from time to time party thereto (the
“Guarantors”), and the Collateral Agent and Trustee, have entered into an Indenture, dated as of August 27, 2018 (as amended, modified, restated and/or supplemented from time to time, the “Indenture”) for the
benefit of each other and for the equal and ratable benefit of the Holders of the 8.250% Senior Secured Notes due 2025, together with any Additional Notes (the “Senior Secured Notes”); 

WHEREAS, pursuant to the Indenture, each Guarantor has jointly and severally guaranteed to the Trustee, the Collateral Agent and the Holders
(collectively, the “Notes Secured Parties” and, together with the Pari Passu Indebtedness Secured Parties (the “Secured Parties”) the payment when due of all Indenture Obligations as described (and defined) therein;

 WHEREAS, in order to induce (i) each Holder to hold the Notes, (ii) any future Pari Passu Indebtedness Secured Party to make
extensions of credit to one or more of the Assignors and (iii) the Collateral Agent to act as trustee and as collateral agent, the Assignors have agreed to grant to the Collateral Agent a continuing security interest in and to the Collateral in
order to secure the prompt and complete payment, observance and performance of, among other things, their respective Secured Obligations (as defined herein); 

WHEREAS, the Intercreditor Agreement governs the relative rights and priorities of the Secured Parties (as defined herein), the Pari Passu
Indebtedness Secured Parties and the First Lien Lenders in respect of all of the Collateral; and 
 WHEREAS, the Assignors will obtain
benefits from the issuance of the Notes under the Indenture and the incurrence of Pari Passu Indebtedness, if any, and, accordingly, the Assignors desire to grant a security interest in the Collateral to the Collateral Agent for its benefit and for
the benefit of the Secured Parties under the terms and conditions set forth herein. 
 NOW, THEREFORE, in consideration of the benefits
accruing to each Assignor, the receipt and sufficiency of which are hereby acknowledged, each Assignor hereby makes the following representations and warranties to the Collateral Agent for the benefit of the Secured Parties and hereby covenants and
agrees with the Collateral Agent for the benefit of the Secured Parties as follows: 
 ARTICLE I 

SECURITY INTERESTS 
 1.1 Grant
of Security Interests. (a) As security for the prompt and complete payment and performance when due of all of its Secured Obligations, each Assignor does hereby assign and transfer unto the Collateral Agent, and does hereby pledge and grant
to the Collateral Agent, for the benefit of the Secured Parties, a continuing security interest in and a lien on all of the right, title and interest of such Assignor in, to and under all of the following personal property and fixtures (and

 
all rights therein) of such Assignor, or in which or to which such Assignor has any rights, in each case whether now existing or hereafter from time to time acquired: 

 

	 	(i)	 each and every Account; 

 

	 	(ii)	 all cash; 

  

	 	(iii)	 the Cash Collateral Account and all monies, securities, Instruments and other investments deposited or required
to be deposited in the Cash Collateral Account; 

  

	 	(iv)	 all Chattel Paper (including, without limitation, all Tangible Chattel Paper and all Electronic Chattel Paper);

  

	 	(v)	 all Commercial Tort Claims; 

 

	 	(vi)	 all computer programs of such Assignor and all intellectual property rights therein and all other proprietary
information of such Assignor, including but not limited to Domain Names and Trade Secret Rights; 

  

	 	(vii)	 all Contracts, together with all Contract Rights arising thereunder; 

 

	 	(viii)	 all Copyrights; 

  

	 	(ix)	 all Equipment; 

  

	 	(x)	 all Deposit Accounts and all other demand, deposit, time, savings, cash management, passbook and similar
accounts maintained by such Assignor with any Person and all monies, securities, Instruments and other investments deposited or required to be deposited in any of the foregoing; 

 

	 	(xi)	 all Documents; 

  

	 	(xii)	 all General Intangibles; 

 

	 	(xiii)	 all Goods; 

  

	 	(xiv)	 all Instruments; 

  

	 	(xv)	 all Inventory; 

  

	 	(xvi)	 all Investment Property; 

 

	 	(xvii)	 all Letter-of-Credit Rights
(whether or not the respective letter of credit is evidenced by a writing); 

  

	 	(xviii)	 all Marks, together with the registrations and right to all renewals thereof, the goodwill of the business of
such Assignor symbolized by the Marks and all causes of action arising prior to or after the date hereof for infringement of any of the Marks or unfair competition regarding the same; 

  
 -2- 

	 	(xix)	 all Patents, together with all causes of action arising prior to or after the date hereof for infringement of
any of the Patents or unfair competition regarding the same; 

  

	 	(xx)	 all Permits; 

  

	 	(xxi)	 all Software and all Software licensing rights, all writings, plans, specifications and schematics, all
engineering drawings, customer lists, goodwill and licenses, and all recorded data of any kind or nature, regardless of the medium of recording; 

  

	 	(xxii)	 all Supporting Obligations; and 

 

	 	(xxiii)	 all Proceeds and products of any and all of the foregoing and all accessions to, substitutions and replacements
for, and rents, profits and products of, each of the foregoing, and any and all Proceeds of any insurance, indemnity, warranty or guaranty payable to such Assignors from time to time with respect to any of the foregoing 

(all of the above, the “Collateral”). 

(b) The security interest of the Collateral Agent under this Agreement extends to all Collateral which any Assignor may acquire, or with
respect to which any Assignor may obtain rights, at any time during the term of this Agreement. Notwithstanding anything to the contrary contained herein, the term “Collateral” shall not include, and the security interest granted under
this Agreement shall not attach to any Excluded Asset. 
 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 at any time the Intercreditor Agreement is in effect. 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 at any time the Intercreditor Agreement is in effect. In the event of any conflict or inconsistency between the
provisions of the Indenture and this Agreement relating to the duties of the Collateral Agent the provisions of the Indenture shall govern and control. 

1.2 Power of Attorney. Each Assignor hereby constitutes and appoints the Collateral Agent its true and lawful attorney, irrevocably,
with full power after the occurrence of and during the continuance of an Event of Default (in the name of such Assignor or otherwise) to act, require, demand, receive, compound and give acquittance for any and all moneys and claims for moneys due or
to become due to such Assignor under or arising out of the Collateral, to endorse any checks or other instruments or orders in connection therewith and to file any claims or take any action or institute any proceedings which is or may be reasonably
necessary to protect the interests of the Secured Parties, which appointment as attorney is coupled with an interest. 
 ARTICLE II 

GENERAL REPRESENTATIONS, WARRANTIES AND COVENANTS 

Each Assignor represents, warrants and covenants, which representations, warranties and covenants shall survive execution and delivery of this
Agreement, as follows: 
 2.1 Necessary Filings. All filings, registrations, recordings and other actions necessary or appropriate to
create, preserve and perfect the security interest granted by such Assignor to the Collateral Agent hereby in respect of the Collateral have been (or, within 15 days after the date hereof (or 90 days after the date hereof in the case of Deposit
Accounts, as such date may be extended in accordance with Section 3.9 hereof), will be) accomplished and the security interest granted to the Collateral Agent pursuant to this Agreement in and to the Collateral creates a valid and, together
with all such filings, registrations, recordings and other actions, a perfected security interest therein prior to the 

  
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rights of all other Persons therein and subject to no other Liens (other than Permitted Liens) and is entitled to all the rights, priorities and benefits afforded by the Uniform Commercial Code
or other relevant law as enacted in any relevant jurisdiction to perfected security interests, in each case to the extent that the Collateral consists of the type of property in which a security interest may be perfected by possession or control
(within the meaning of the UCC as in effect on the date hereof in the State of New York), by filing a financing statement under the Uniform Commercial Code as enacted in any relevant jurisdiction or by a filing of a Grant of Security Interest in the
respective form attached hereto in the United States Patent and Trademark Office or in the United States Copyright Office. 
 2.2 No
Liens. Such Assignor is, and as to all Collateral acquired by it from time to time after the date hereof such Assignor will be, the owner of, or has rights in, all Collateral free from any Lien or other right, title or interest of any Person
(other than Permitted Liens), and such Assignor shall defend the Collateral against all claims and demands of all Persons at any time claiming the same or any interest therein adverse to the Collateral Agent. 

2.3 Other Financing Statements. As of the date hereof, there is no financing statement (or similar statement or instrument of
registration under the law of any jurisdiction) covering or purporting to cover any interest of any kind in the Collateral (other than financing statements filed in respect of Permitted Liens), and so long as the Termination Date has not occurred,
such Assignor will not execute or authorize to be filed in any public office any financing statement (or similar statement or instrument of registration under the law of any jurisdiction) or statements relating to the Collateral, except financing
statements filed or to be filed in respect of and covering the security interests granted hereby by such Assignor or in connection with Permitted Liens. 

2.4 Chief Executive Office, Record Locations. The chief executive office of such Assignor is, on the date of this Agreement, located at
the address indicated on Annex A hereto for such Assignor. During the period of the four calendar months preceding the date of this Agreement, the chief executive office of such Assignor has not been located at any address other than that indicated
on Annex A in accordance with the immediately preceding sentence, in each case unless each such other address is also indicated on Annex A hereto for such Assignor. 

2.5 Location of Inventory and Equipment. All Inventory and Equipment held on the date hereof, or held at any time during the four
calendar months prior to the date hereof, by each Assignor is located at one of the locations shown on Annex B hereto for such Assignor. 

2.6 Legal Names; Type of Organization (and Whether a Registered Organization); Jurisdiction of Organization; Location; Federal Employer
Identification Number; Changes Thereto; etc. The exact legal name of each Assignor, the type of organization of such Assignor, whether or not such Assignor is a Registered Organization, the jurisdiction of organization of such Assignor, such
Assignor’s Location, the Location of such Assignor and the Federal Employer Identification Number (if any), is listed on Annex C hereto for such Assignor. Such Assignor shall not change its legal name, its type of organization, its status as a
Registered Organization (in the case of a Registered Organization), its jurisdiction of organization, its Location or its Federal Employer Identification Number (if any) from that used on Annex C hereto, except that any such changes shall be
permitted (so long as not in violation of the applicable requirements of the Secured Documents and so long as same do not involve (x) a Registered Organization ceasing to constitute same or (y) such Assignor changing its jurisdiction of
organization or Location from the United States or a State thereof to a jurisdiction of organization or Location, as the case may be, outside the United States or a State thereof) if (i) it shall have given to the Collateral Agent not less than
5 days’ prior written notice of each change to the information listed on Annex C (as adjusted for any subsequent changes thereto previously made in accordance with this sentence), together with a supplement to Annex C which shall correct all
information contained therein for such Assignor, and (ii) in connection with each change or changes, it shall have taken all action 

  
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reasonably necessary to maintain the security interests of the Collateral Agent in the Collateral intended to be granted hereby at all times fully perfected and in full force and effect. In
addition, such Assignor shall take all actions reasonably necessary to maintain the security interest of the Collateral Agent in the Collateral intended to be granted hereby fully perfected and in full force and effect. 

2.7 Trade Names; Etc. Such Assignor has or operates in any jurisdiction under, or in the preceding five years has had or has operated
in any jurisdiction under, no trade names, fictitious names or other names except its legal name as specified in Annex C and such other trade or fictitious names as are listed on Annex D hereto for such Assignor. Such Assignor shall not assume or
operate in any jurisdiction under any new trade, fictitious or other name until (i) it shall have given to the Collateral Agent not less than 15 days’ written notice of its intention to do so, clearly describing such new name and the
jurisdictions in which such new name will be used and providing such other information in connection therewith as the Collateral Agent may reasonably request and (ii) with respect to such new name, it shall have taken all actions reasonably
necessary to maintain the security interest of the Collateral Agent in the Collateral intended to be granted hereby at all times fully perfected and in full force and effect. 

2.8 Certain Significant Transactions. During the one year period preceding the date of this Agreement, no Person shall have merged,
amalgamated or consolidated with or into any Assignor, and no Person shall have liquidated into, or transferred all or substantially all of its assets to, any Assignor, in each case except as described in Annex E hereto. With respect to any
transactions so described in Annex E hereto, the respective Assignor shall have furnished such information with respect to the Person (and the assets of the Person and locations thereof) which merged with or into, amalgamated with or consolidated
with such Assignor, or was liquidated into or transferred all or substantially all of its assets to such Assignor, and shall have furnished to the Collateral Agent such UCC lien searches as may have been requested with respect to such Person and its
assets, to establish that no security interest (excluding Permitted Liens) continues perfected on the date hereof with respect to any Person described above (or the assets transferred to the respective Assignor by such Person), including without
limitation pursuant to Section 9-316(a)(3) of the UCC. 
 2.9
Non-UCC Property. The aggregate fair market value (as determined by the Assignors in good faith) of all property of the Assignors of the types described in clauses (1), (2) and (3) of Section 9-311(a) of the UCC and constituting Collateral does not exceed $1,000,000. If the aggregate value of all such property at any time owned by all Assignors and constituting Collateral exceeds $1,000,000,
the Assignors shall provide prompt written notice thereof to the Collateral Agent and the Assignors shall promptly (and in any event within 30 days of acquiring knowledge thereof) take such actions (at their own cost and expense) as may be required
under the respective United States, State or other laws referenced in Section 9-311(a) of the UCC to perfect the security interests granted herein in any Collateral where the filing of a financing
statement does not perfect the security interest in such property in accordance with the provisions of Section 9-311(a) of the UCC. 

2.10 As-Extracted Collateral; Timber-to-be-Cut. On the date hereof, such Assignor does not own, or expect to acquire, any property which constitutes, or would constitute, As-Extracted
Collateral or Timber-to-be-Cut. If at any time after the date of this Agreement such Assignor owns, acquires or obtains rights to
any As-Extracted Collateral or Timber-to-be-Cut, such Assignor shall furnish the
Collateral Agent with prompt written notice thereof (which notice shall describe in reasonable detail the As-Extracted Collateral and/or Timber-to-be-Cut and the locations thereof) and shall take all actions reasonably necessary to perfect the security interest of the Collateral Agent therein. 

2.11 Collateral in the Possession of a Bailee. If any Inventory or other Goods are at any time in the possession of a bailee, such
Assignor shall promptly notify the Collateral Agent thereof and, if requested by the Collateral Agent, shall use its commercially reasonable efforts to promptly obtain an acknowledgment from such bailee, in form and substance reasonably satisfactory
to the Collateral 

  
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Agent, that the bailee holds such Collateral for the benefit of the Collateral Agent and shall act upon the instructions of the Collateral Agent, without the further consent of such Assignor. The
Collateral Agent agrees with such Assignor that the Collateral Agent shall not give any such instructions unless an Event of Default has occurred and is continuing or would occur after taking into account any action by the respective Assignor with
respect to any such bailee. 
 2.12 Recourse. This Agreement is made with full recourse to each Assignor and pursuant to and upon all
the warranties, representations, covenants and agreements on the part of such Assignor contained herein, in the Secured Documents and otherwise in writing in connection herewith or therewith. 

ARTICLE III 
 SPECIAL PROVISIONS
CONCERNING ACCOUNTS; CONTRACT RIGHTS; INSTRUMENTS; 
 CHATTEL PAPER AND CERTAIN OTHER COLLATERAL 

3.1 Additional Representations and Warranties. As of the time when each of its Accounts arises, each Assignor shall be deemed to have
represented and warranted that each such Account, and all of Assignor’s records, papers and documents relating thereto (if any) are genuine and what they purport to be, and that all papers and documents (if any) relating thereto (i) will,
to the knowledge of such Assignor, represent the genuine, legal, valid and binding obligation of the account debtor evidencing indebtedness unpaid and owed by the respective account debtor arising out of the performance of labor or services or the
sale, lease, assignment or other disposition and delivery of the property listed therein, or both, (ii) will be the only original writings evidencing and embodying such obligation of the account debtor named therein (other than copies created
for general accounting purposes), (iii) will, to the knowledge of such Assignor, evidence true and valid obligations, enforceable in accordance with their respective terms, and (iv) will be in compliance and will conform in all material
respects with all applicable federal, state and local laws and applicable laws of any relevant foreign jurisdiction. 
 3.2 Maintenance
of Records. Each Assignor will keep and maintain at its own cost and expense accurate records of its Accounts and Contracts, including, but not limited to, originals of all documentation (including each Contract) with respect thereto, records of
all payments received, all credits granted thereon, all merchandise returned and all other dealings therewith, and such Assignor will make the same available on such Assignor’s premises to the Collateral Agent for inspection, at such
Assignor’s own cost and expense, at any and all reasonable times, but not more than two (2) such inspections per calendar year, upon prior notice to such Assignor. Upon the occurrence and during the continuance of an Event of Default and
at the request of the Collateral Agent (acting on the instructions of the requisite percentage of Holders in accordance with the Indenture), such Assignor shall, at its own cost and expense, deliver all tangible evidence of its Accounts and Contract
Rights (including, without limitation, all documents evidencing the Accounts and all Contracts) and such books and records to the Collateral Agent or to its representatives (copies of which evidence and books and records may be retained by such
Assignor). Upon the occurrence and during the continuance of an Event of Default and if the Collateral Agent so directs, such Assignor shall legend, in form and manner satisfactory to the Collateral Agent, the Accounts and the Contracts, as well as
books, records and documents (if any) of such Assignor evidencing or pertaining to such Accounts and Contracts with an appropriate reference to the fact that such Accounts and Contracts have been assigned to the Collateral Agent and that the
Collateral Agent has a security interest therein. 

  
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 3.3 Direction to Account Debtors; Contracting Parties; etc. Upon the occurrence and
during the continuance of an Event of Default, if the Collateral Agent so directs (acting on the instructions of the requisite percentage of Holders in accordance with the Indenture) any Assignor, such Assignor agrees (x) to cause all payments
on account of the Accounts and Contracts to be made directly to the Cash Collateral Account, (y) that the Collateral Agent may, but has no obligation to, directly notify the obligors with respect to any Accounts and/or under any Contracts to
make payments with respect thereto as provided in the preceding clause (x), and (z) that the Collateral Agent may enforce collection of any such Accounts and Contracts and may adjust, settle or compromise the amount of payment thereof, in the
same manner and to the same extent as such Assignor. Without notice to or assent by any Assignor, the Collateral Agent may, upon the occurrence and during the continuance of an Event of Default, apply any or all amounts then in, or thereafter
deposited in, the Cash Collateral Account toward the payment of the Secured Obligations in the manner provided in Section 7.4 of this Agreement. The reasonable costs and expenses of collection (including reasonable attorneys’ fees),
whether incurred by an Assignor or the Collateral Agent, shall be borne solely by the relevant Assignor. The Collateral Agent shall deliver a copy of each notice referred to in the preceding clause (y) to the relevant Assignor, provided
that (x) the failure by the Collateral Agent to so notify such Assignor shall not affect the effectiveness of such notice or the other rights of the Collateral Agent created by this Section 3.3 and (y) no such notice shall be required
if an Event of Default of the type described in Section 7.01(i) or (j) of the Indenture has occurred and is continuing. 
 3.4
Modification of Terms; etc. Except in accordance with such Assignor’s ordinary course of business and consistent with reasonable business judgment or as permitted by Section 3.5 hereof, no Assignor shall rescind or cancel any
indebtedness evidenced by any Account or under any Contract, or modify any material term thereof or make any material adjustment with respect thereto, or extend or renew the same, or compromise or settle any material dispute, claim, suit or legal
proceeding relating thereto, or sell any Account or Contract, or interest therein, without the prior written consent of the Collateral Agent (acting on the instructions of the requisite percentage of Holders in accordance with the Indenture). No
Assignor will do anything to impair the rights of the Collateral Agent in the Accounts or Contracts. 
 3.5 Collection. Each Assignor
shall endeavor in accordance with reasonable business practices to cause to be collected from the account debtor named in each of its Accounts or obligor under any Contract, as and when due (including, without limitation, amounts which are
delinquent, such amounts to be collected in accordance with generally accepted lawful collection procedures) any and all amounts owing under or on account of such Account or Contract, and apply promptly upon receipt thereof all such amounts as are
so collected to the outstanding balance of such Account or under such Contract. Except as otherwise directed by the Collateral Agent after the occurrence and during the continuation of an Event of Default, any Assignor may allow in the ordinary
course of business as adjustments to amounts owing under its Accounts and Contracts (i) an extension or renewal of the time or times of payment, or settlement for less than the total unpaid balance, which such Assignor finds appropriate in
accordance with reasonable business judgment and (ii) a refund or credit due as a result of returned or damaged merchandise or improperly performed services or for other reasons which such Assignor finds appropriate in accordance with
reasonable business judgment. The reasonable costs and expenses (including, without limitation, reasonable attorneys’ fees) of collection, whether incurred by an Assignor or the Collateral Agent, shall be borne solely by the relevant Assignor.

 3.6 Instruments. If any Assignor owns or acquires any Instrument in excess of $500,000 constituting Collateral (other than
(x) checks and other payment instruments received and collected in the ordinary course of business and (y) any Instrument subject to pledge pursuant to the Pledge Agreement), such Assignor will within 30 days notify the Collateral Agent
thereof in writing, and upon request by the Collateral Agent will promptly deliver such Instrument to the Collateral Agent appropriately endorsed to the order of the Collateral Agent. 

  
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 3.7 Assignors Remain Liable Under Accounts. Anything herein to the contrary
notwithstanding, the Assignors shall remain liable under each of the Accounts to observe and perform all of the conditions and obligations to be observed and performed by it thereunder, all in accordance with the terms of any agreement giving rise
to such Accounts. Neither the Collateral Agent nor any other Secured Party shall have any obligation or liability under any Account (or any agreement giving rise thereto) by reason of or arising out of this Agreement or the receipt by the Collateral
Agent or any other Secured Party of any payment relating to such Account pursuant hereto, nor shall the Collateral Agent or any other Secured Party be obligated in any manner to perform any of the obligations of any Assignor under or pursuant to any
Account (or any agreement giving rise thereto), to make any payment, to make any inquiry as to the nature or the sufficiency of any payment received by them or as to the sufficiency of any performance by any party under any Account (or any agreement
giving rise thereto), to present or file any claim, to take any action to enforce any performance or to collect the payment of any amounts which may have been assigned to them or to which they may be entitled at any time or times. 

3.8 Assignors Remain Liable Under Contracts. Anything herein to the contrary notwithstanding, the Assignors shall remain liable under
each of the Contracts to observe and perform all of the conditions and obligations to be observed and performed by them thereunder, all in accordance with and pursuant to the terms and provisions of each Contract. Neither the Collateral Agent nor
any other Secured Party shall have any obligation or liability under any Contract by reason of or arising out of this Agreement or the receipt by the Collateral Agent or any other Secured Party of any payment relating to such Contract pursuant
hereto, nor shall the Collateral Agent or any other Secured Party be obligated in any manner to perform any of the obligations of any Assignor under or pursuant to any Contract, to make any payment, to make any inquiry as to the nature or the
sufficiency of any performance by any party under any Contract, to present or file any claim, to take any action to enforce any performance or to collect the payment of any amounts which may have been assigned to them or to which they may be
entitled at any time or times. 
 3.9 Deposit Accounts; Etc. (a) No Assignor maintains, or at any time after the date of this
Agreement shall establish or maintain, any demand, time, savings, passbook or similar account, except for such accounts maintained with a bank (as defined in Section 9-102 of the UCC) whose jurisdiction
(determined in accordance with Section 9-304 of the UCC) is within a State of the United States. Annex F hereto accurately sets forth, as of the date of this Agreement, for each Assignor, each Deposit
Account that is a Concentration Account maintained by such Assignor (including a description thereof and the respective account number), the name of the respective bank with which such Deposit Account is maintained, and the jurisdiction of the
respective bank with respect to such Deposit Account. For each Deposit Account that is a Concentration Account (other than (x) any Concentration Account maintained with the Collateral Agent and (y) any Debit Card Program Account), the
respective Assignor shall cause the bank with which such Deposit Account is maintained to execute and deliver to the Collateral Agent, within 90 days after the date of this Agreement (as such date may be extended by the First Priority Agent in its
sole discretion) or, if later, at the time of the establishment of the respective Deposit Account, a “control agreement” in the form of Annex G hereto (appropriately completed), with such changes thereto, or in such other form, as may be
reasonably satisfactory to the First Priority Agent. If any bank with which a Deposit Account that is a Concentration Account is maintained refuses to, or does not, enter into such a “control agreement”, then the respective Assignor shall
promptly (and in any event within 90 days after the date of this Agreement (as such date may be extended by the First Priority Agent in its sole discretion) or, if later, 90 days after the establishment of such account) or in such other form, as may
be reasonably satisfactory to the First Priority Agent close the respective Deposit Account and transfer all balances therein to the Cash Collateral Account or another Concentration Account meeting the requirements of this Section 3.9. If any
bank with which a Deposit Account that is a Concentration Account is maintained refuses to subordinate its claims with respect to such Deposit Account to the Collateral Agent’s security interest therein on reasonably satisfactory terms, then
the respective Assignor shall terminate such Deposit Account and transfer all balances therein to the Cash Collateral Account or another Concentration Account in accordance with the immediately preceding sentence. 

  
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 (b) After the date of this Agreement, no Assignor shall establish any new demand, time,
savings, passbook or similar account, except for (x) Deposit Accounts that are established and maintained with banks and meeting the requirements of preceding clause (a) and (y) Excluded Accounts. At the time any such Deposit Account that
is a Concentration Account is established, the appropriate “control agreement” shall be entered into in accordance with the requirements of preceding clause (a) and the respective Assignor shall furnish to the Collateral Agent a
supplement to Annex F hereto containing the relevant information with respect to the respective Deposit Account and the bank with which same is established. 

(c) Notwithstanding anything to the contrary herein, no Assignor shall be required to take any action to cause the Collateral Agent to obtain
control (“Control”) in accordance with Section 9-104 or 9-106(c), as the case may be, of the UCC with respect to (i) any Deposit Account or
Securities Account of such Assignor, that when taken together with all of the other Deposit Accounts (other than any Excluded Deposit Account) and Securities Accounts of such Assignor and all other Assignors, has an average five day closing balance
that does not exceed $500,000 or (ii) any Excluded Deposit Account; provided, that if such Assignor shall cause the First Lien Agent to have Control over any such Deposit Account or Securities Account, such Assignor will ensure that the
security interest granted by it in favor of the Collateral Agent hereunder to secure the Secured Obligations is also perfected by Control as contemplated by Section 4.7 of the Intercreditor Agreement. 

3.10 Letter-of-Credit Rights. If any Assignor is at any
time a beneficiary under a letter of credit with a stated amount of $1,000,000 or more, such Assignor shall promptly notify the Collateral Agent thereof and such Assignor shall, pursuant to an agreement, use its commercially reasonable efforts to
(i) arrange for the issuer and any confirmer of such letter of credit to consent to an assignment to the Collateral Agent of the proceeds of any drawing under such letter of credit or (ii) arrange for the Collateral Agent to become the
transferee beneficiary of such letter of credit, with the Collateral Agent agreeing, in each case, that the proceeds of any drawing under the letter of credit are to be applied as provided in this Agreement after the occurrence and during the
continuance of an Event of Default. 
 3.11 Commercial Tort Claims. All Commercial Tort Claims of each Assignor asserted in a
judicial proceeding in existence on the date of this Agreement are described in Annex H hereto. If any Assignor shall at any time after the date of this Agreement acquire a Commercial Tort Claim asserted in a judicial proceeding in an amount (taking
the greater of the aggregate claimed damages thereunder or the reasonably estimated value thereof) of $1,000,000 or more, such Assignor shall promptly notify the Collateral Agent thereof in a writing signed by such Assignor and describing the
details thereof and shall grant to the Collateral Agent in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement. 

3.12 Chattel Paper. Upon the request of the Collateral Agent made at any time or from time to time, each Assignor shall promptly
furnish to the Collateral Agent a list of all Electronic Chattel Paper held or owned by such Assignor. Furthermore, each Assignor shall promptly take all actions which are reasonably practicable so that the Collateral Agent has “control”
of all Electronic Chattel Paper with a face amount in excess of $1,000,000 in accordance with the requirements of Section 9-105 of the UCC. Each Assignor will promptly (and in any event within 30 days)
following any reasonable request by the Collateral Agent, deliver all of its Tangible Chattel Paper to the Collateral Agent. 
 3.13
Further Actions. Each Assignor will, at its own expense, make, execute, endorse, acknowledge, file and/or deliver to the Collateral Agent from time to time such vouchers, invoices, schedules, confirmatory assignments, conveyances, financing
statements, transfer endorsements, certificates, reports and other assurances or instruments and take such further steps, including any and all 

  
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actions as may be reasonably necessary or required under the Federal Assignment of Claims Act, relating to its Accounts, Contracts, Instruments and other property or rights covered by the
security interest hereby granted, as the Collateral Agent may reasonably require, to the extent otherwise required herein, and not otherwise inconsistent with the provisions of Section 1.1(b). 

ARTICLE IV 
 SPECIAL PROVISIONS
CONCERNING TRADEMARKS AND DOMAIN NAMES 
 4.1 Additional Representations and Warranties. Each Assignor represents and warrants that
it is the true and lawful owner of or otherwise has the right to use the registered Marks and Domain Names listed in Annex I hereto for such Assignor and that said listed Marks and Domain Names include all United States marks and applications for
United States marks registered in the United States Patent and Trademark Office and all Domain Names that such Assignor owns or uses in connection with its business as of the date hereof. Each Assignor represents and warrants that it owns, is
licensed to use or otherwise has the right to use, all Marks and Domain Names that it uses. Each Assignor further warrants that it has no knowledge of any third party claim received by it that any aspect of such Assignor’s present or
contemplated business operations infringes or will infringe any trademark, service mark or trade name of any other Person other than as could not, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.
Each Assignor represents and warrants that it is the true and lawful owner of or otherwise has the right to use all U.S. trademark registrations and applications and Domain Name registrations listed in Annex I hereto and that said registrations are
valid, subsisting, have not been canceled and that such Assignor is not aware of any third-party claim that any of said registrations is invalid or unenforceable, and is not aware that there is any reason that any of said registrations is invalid or
unenforceable, and is not aware that there is any reason that any of said applications will not mature into registrations. Each Assignor hereby grants to the Collateral Agent an absolute power of attorney to sign, upon the occurrence and during the
continuance of an Event of Default, any document which may be required by the United States Patent and Trademark Office or similar registrar in order to effect an absolute assignment of all right, title and interest in each Mark and/or Domain Name,
and record the same. 
 4.2 Licenses and Assignments. Except as otherwise permitted by the Indenture Documents, each Assignor hereby
agrees not to divest itself of any right under any Mark or Domain Name absent prior written approval of the Collateral Agent (acting on the instructions of the requisite percentage of Holders in accordance with the Indenture). 

4.3 Infringements. Each Assignor agrees, promptly upon learning thereof, to notify the Collateral Agent in writing of the name and
address of, and to furnish such pertinent information that may be available with respect to, any party who such Assignor believes is, or may be, infringing or diluting or otherwise violating any of such Assignor’s rights in and to any Mark or
Domain Name in any manner that could reasonably be expected to have a Material Adverse Effect, or with respect to any party claiming that such Assignor’s use of any Mark or Domain Name material to such Assignor’s business violates in any
material respect any property right of that party. Each Assignor further agrees to prosecute diligently in accordance with reasonable business practices any Person infringing any Mark or Domain Name in any manner that could reasonably be expected to
have a Material Adverse Effect. 
 4.4 Preservation of Marks and Domain Names. Each Assignor agrees to use its Marks and Domain Names
which are material to such Assignor’s business in interstate commerce during the time in which this Agreement is in effect and to take all such other actions as are reasonably necessary to preserve such Marks as trademarks or service marks
under the laws of the United States (other than any such Marks which are no longer used or useful in its business or operations). 

  
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 4.5 Maintenance of Registration. Each Assignor shall, at its own expense, diligently
process all documents reasonably required to maintain all Mark and/or Domain Name registrations, including but not limited to affidavits of use and applications for renewals of registration in the United States Patent and Trademark Office for all of
its material registered Marks, and shall pay all fees and disbursements in connection therewith and shall not abandon any such filing of affidavit of use or any such application of renewal prior to the exhaustion of all administrative and judicial
remedies without prior written consent of the Collateral Agent (acting on the instructions of the requisite percentage of Holders in accordance with the Indenture) (other than with respect to registrations and applications deemed by such Assignor in
its reasonable business judgment to be no longer prudent to pursue). 
 4.6 Future Registered Marks and Domain Names. If any Mark
registration is issued hereafter to any Assignor as a result of any application now or hereafter pending before the United States Patent and Trademark Office or any Domain Name is registered by Assignor, within 30 days of receipt of such certificate
or similar indicia of ownership, such Assignor shall deliver to the Collateral Agent a copy of such registration certificate or similar indicia of ownership, and a grant of a security interest in such Mark and/or Domain Name, to the Collateral Agent
and at the expense of such Assignor, confirming the grant of a security interest in such Mark and/or Domain Name to the Collateral Agent hereunder, the form of such security to be substantially in the form of Annex L hereto. 

4.7 Remedies. If an Event of Default shall occur and be continuing, the Collateral Agent may, by written notice to the relevant
Assignor, take any or all of the following actions: (i) declare the entire right, title and interest of such Assignor in and to each of the Marks and Domain Names, together with all trademark rights and rights of protection to the same, vested
in the Collateral Agent for the benefit of the Secured Parties, in which event such rights, title and interest shall immediately vest, in the Collateral Agent for the benefit of the Secured Parties, and the Collateral Agent shall be entitled to
exercise the power of attorney referred to in Section 4.1 hereof to execute, cause to be acknowledged and notarized and record said absolute assignment with the applicable agency or registrar; (ii) take and use or sell the Marks or Domain
Names and the goodwill of such Assignor’s business symbolized by the Marks or Domain Names and the right to carry on the business and use the assets of such Assignor in connection with which the Marks or Domain Names have been used; and
(iii) direct such Assignor to refrain, in which event such Assignor shall refrain, from using the Marks or Domain Names in any manner whatsoever, directly or indirectly, and such Assignor shall execute such further documents that the Collateral
Agent may reasonably request to further confirm this and to transfer ownership of the Marks or Domain Names and registrations and any pending trademark applications in the United States Patent and Trademark Office or applicable Domain Name registrar
to the Collateral Agent. 
 ARTICLE V 

SPECIAL PROVISIONS CONCERNING PATENTS, COPYRIGHTS AND TRADE SECRETS 

5.1 Additional Representations and Warranties. Each Assignor represents and warrants that it is the true and lawful owner of all rights
in (i) all Trade Secret Rights, (ii) the Patents listed in Annex J hereto for such Assignor and that said Patents include all the United States patents and applications for United States patents that such Assignor owns as of the date
hereof and (iii) the Copyrights listed in Annex K hereto for such Assignor and that said Copyrights include all the United States copyrights registered with the United States Copyright Office and applications to United States copyrights that
such Assignor owns as of the date hereof. Each Assignor further warrants that it has no knowledge of any third party claim that any aspect of such Assignor’s present or contemplated business operations infringes or will infringe any patent of
any other Person or such Assignor has misappropriated any Trade Secret or proprietary information which, either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. Each Assignor hereby grants to the
Collateral Agent an absolute power of attorney to sign, upon the occurrence and during the continuance of any Event of Default, any document which may be required by the United States Patent and Trademark Office or the United States Copyright Office
in order to effect an absolute assignment of all right, title and interest in each Patent or Copyright, and to record the same. 

  
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 5.2 Licenses and Assignments. Except as otherwise permitted by the Indenture
Documents, each Assignor hereby agrees not to divest itself of any right under any Patent or Copyright absent prior written approval of the Collateral Agent (acting on the instructions of the requisite percentage of Holders in accordance with the
Indenture). 
 5.3 Infringements. Each Assignor agrees, promptly upon learning thereof, to furnish the Collateral Agent in writing
with all pertinent information available to such Assignor with respect to any infringement, contributing infringement or active inducement to infringe or other violation of such Assignor’s rights in any Patent or Copyright or to any claim that
the practice of any Patent or use of any Copyright violates any property right of a third party, or with respect to any misappropriation of any Trade Secret Right or any claim that practice of any Trade Secret Right violates any property right of a
third party, in each case, in any manner which, either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. Each Assignor further agrees, absent direction of the Collateral Agent (acting on the
instructions of the requisite percentage of Holders in accordance with the Indenture) to the contrary, to diligently prosecute, in accordance with its reasonable business judgment, any Person infringing any Patent or Copyright or any Person
misappropriating any Trade Secret Right, in each case to the extent that such infringement or misappropriation, either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. 

5.4 Maintenance of Patents or Copyrights. At its own expense, each Assignor shall make timely payment of all post-issuance fees
required to maintain in force its rights under each Patent or Copyright, absent prior written consent of the Collateral Agent (acting on the instructions of the requisite percentage of Holders in accordance with the Indenture) to the contrary (other
than any such Patents or Copyrights which are no longer used or are deemed by such Assignor in its reasonable business judgment to no longer be useful in its business or operations). 

5.5 Prosecution of Patent or Copyright Applications. At its own expense, each Assignor shall diligently prosecute all material
applications for (i) United States Patents listed in Annex J hereto and (ii) Copyrights listed on Annex K hereto, in each case for such Assignor and shall not abandon any such application prior to exhaustion of all administrative and
judicial remedies (other than applications that are deemed by such Assignor in its reasonable business judgment to no longer be necessary in the conduct of the Assignor’s business), absent written consent of the Collateral Agent (acting on the
instructions of the requisite percentage of Holders in accordance with the Indenture). 
 5.6 Other Patents and Copyrights. Within 30
days of the acquisition or issuance of a United States Patent, registration of a Copyright, or acquisition of a registered Copyright, or of filing of an application for a United States Patent or Copyright, the relevant Assignor shall deliver to the
Collateral Agent a copy of said Copyright or Patent, or certificate or registration of, or application therefor, as the case may be, with a grant of a security interest as to such Patent or Copyright, as the case may be, to the Collateral Agent and
at the sole expense of such Assignor, confirming the grant of a security interest, the form of such grant of a security interest to be substantially in the form of Annex M or N hereto, as appropriate. 

5.7 Remedies. If an Event of Default shall occur and be continuing, the Collateral Agent may, by written notice to the relevant
Assignor, take any or all of the following actions: (i) declare the entire right, title, and interest of such Assignor in each of the Patents and Copyrights vested in the Collateral Agent for the benefit of the Secured Parties, in which event
such right, title, and interest shall immediately vest in the Collateral Agent for the benefit of the Secured Parties, in which case the Collateral Agent shall be entitled to exercise the power of attorney referred to in Section 5.1 hereof to

  
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execute, cause to be acknowledged and notarized and to record said absolute assignment with the applicable agency; (ii) take and practice or sell the Patents and Copyrights; and
(iii) direct such Assignor to refrain, in which event such Assignor shall refrain, from practicing the Patents and using the Copyrights directly or indirectly, and such Assignor shall execute such further documents as the Collateral Agent may
reasonably request further to confirm this and, to the extent permitted by applicable law, to transfer ownership of the Patents and Copyrights to the Collateral Agent for the benefit of the Secured Parties. 

ARTICLE VI 
 PROVISIONS CONCERNING
ALL COLLATERAL 
 6.1 Protection of Collateral Agent’s Security. Except as otherwise permitted by the Secured
Documents, each Assignor will do nothing to impair the rights of the Collateral Agent in the Collateral. Each Assignor will at all times maintain insurance, at such Assignor’s own expense to the extent and in the manner provided in the Secured
Documents. Except to the extent otherwise permitted to be retained by such Assignor or applied by such Assignor pursuant to the terms of the Secured Documents, the Collateral Agent shall, at the time any proceeds of such insurance are distributed to
the Secured Parties, apply such proceeds in accordance with Section 7.4 hereof. Each Assignor assumes all liability and responsibility in connection with the Collateral acquired by it and the liability of such Assignor to pay the Secured
Obligations shall in no way be affected or diminished by reason of the fact that such Collateral may be lost, destroyed, stolen, damaged or for any reason whatsoever unavailable to such Assignor. 

6.2 Warehouse Receipts Non-Negotiable. To the extent practicable, each Assignor agrees that if
any warehouse receipt or receipt in the nature of a warehouse receipt is issued with respect to any of its Inventory, such Assignor shall request that such warehouse receipt or receipt in the nature thereof shall not be “negotiable” (as
such term is used in Section 7-104 of the Uniform Commercial Code as in effect in any relevant jurisdiction or under other relevant law). 

6.3 Additional Information. Each Assignor will, at its own expense, from time to time upon the reasonable request of the Collateral
Agent, promptly (and in any event within 10 Business Days after its receipt of the respective request) furnish to the Collateral Agent such information with respect to the Collateral (including the identity of the Collateral or such components
thereof as may have been requested by the Collateral Agent, the value and location of such Collateral, etc.) as may be requested by the Collateral Agent. Without limiting the forgoing, each Assignor agrees that it shall promptly (and in any event
within 10 Business Days after its receipt of the respective request) furnish to the Collateral Agent such updated Annexes hereto as may from time to time be reasonably requested by the Collateral Agent; provided, however, that the Collateral
Agent shall have no duty to so request unless directed to do so by the requisite holders of the Notes. 
 6.4 Further Actions. Each
Assignor will, at its own expense and upon the reasonable request of the Collateral Agent, make, execute, endorse, acknowledge, file and/or deliver to the Collateral Agent from time to time such lists, descriptions and designations of its
Collateral, warehouse receipts, receipts in the nature of warehouse receipts, bills of lading, documents of title, vouchers, invoices, schedules, confirmatory assignments, conveyances, financing statements, transfer endorsements, certificates,
reports and other assurances or instruments and take such further steps relating to the Collateral and other property or rights covered by the security interest hereby granted, which are or may be necessary to perfect, preserve or protect its
security interest in the Collateral to the extent otherwise required herein and not otherwise inconsistent with the provisions of Section 1.1(b); provided, however, that the Collateral Agent shall have no duty to so request unless
directed to do so by the requisite holders of the Notes. 

  
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 6.5 Financing Statements. Each Assignor agrees to execute and deliver to the
Collateral Agent such financing statements as the Collateral Agent may from time to time reasonably request or as are reasonably necessary to establish and maintain a valid, enforceable, perfected security interest in the Collateral as provided
herein and the other rights and security contemplated hereby. Each Assignor will pay any applicable filing fees, recordation taxes and related expenses relating to its Collateral. Each Assignor hereby authorizes the Collateral Agent to file any such
financing statements without the signature of such Assignor where permitted by law (and such authorization includes describing the Collateral as “all assets” of such Assignor); provided, however, that the Collateral Agent shall have
no duty to make any such filings unless directed to do so by the requisite holders of the Notes. 
 ARTICLE VII 

REMEDIES UPON OCCURRENCE OF AN EVENT OF DEFAULT 

7.1 Remedies; Obtaining the Collateral Upon Default. Each Assignor agrees that, if any Event of Default shall have occurred and be
continuing, then and in every such case, the Collateral Agent, in addition to any rights now or hereafter existing under applicable law and under the other provisions of this Agreement, shall have all rights as a secured creditor under any UCC, and
such additional rights and remedies to which a secured creditor is entitled under the laws in effect in all relevant jurisdictions and may (acting on the instructions of the requisite percentage of Holders in accordance with the Indenture): 

(i) personally, or by agents or attorneys, immediately take possession of the Collateral or any part thereof, from such
Assignor or any other Person who then has possession of any part thereof with or without notice or process of law, and for that purpose may enter upon such Assignor’s premises where any of the Collateral is located and remove the same and use
in connection with such removal any and all services, supplies, aids and other facilities of such Assignor; 
 (ii) instruct
the obligor or obligors on any agreement, instrument or other obligation (including, without limitation, the Accounts and the Contracts) constituting the Collateral to make any payment required by the terms of such agreement, instrument or other
obligation directly to the Collateral Agent and may exercise any and all remedies of such Assignor in respect of such Collateral; 

(iii) instruct all banks which have entered into a control agreement with the Collateral Agent to transfer all monies,
securities and instruments held by such depositary bank to the Cash Collateral Account; 
 (iv) sell, assign or otherwise
liquidate any or all of the Collateral or any part thereof in accordance with Section 7.2 hereof, or direct such Assignor to sell, assign or otherwise liquidate any or all of the Collateral or any part thereof, and, in each case, take
possession of the proceeds of any such sale or liquidation; 
 (v) take possession of the Collateral or any part thereof, by
directing such Assignor in writing to deliver the same to the Collateral Agent at any reasonable place or places designated by the Collateral Agent, in which event such Assignor shall at its own expense: 

(x) forthwith cause the same to be moved to the place or places so designated by the Collateral Agent and there delivered to
the Collateral Agent; 

  
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 (y) store and keep any Collateral so delivered to the Collateral Agent at
such place or places pending further action by the Collateral Agent as provided in Section 7.2 hereof; and 
 (z) while
the Collateral shall be so stored and kept, provide such security and maintenance services as shall be reasonably necessary to protect the same and to preserve and maintain it in good condition; 

(vi) license or sublicense, whether on an exclusive or nonexclusive basis, any Marks, Domain Names, Patents or Copyrights
included in the Collateral for such term and on such conditions and in such manner as the Collateral Agent shall determine (acting on the instructions of the requisite percentage of Holders in accordance with the Indenture); 

(vii) apply any monies constituting Collateral or proceeds thereof in accordance with the provisions of Section 7.4; and

 (viii) take any other action as specified in clauses (1) through (5), inclusive, of
Section 9-607 of the UCC; 
 it being understood that each Assignor’s obligation so to deliver the
Collateral is of the essence of this Agreement and that, accordingly, upon application to a court of equity having jurisdiction, the Collateral Agent shall be entitled to a decree requiring specific performance by such Assignor of said obligation.
By accepting the benefits of this Agreement and each other Collateral Document, the Secured Parties expressly acknowledge and agree that this Agreement and each other Collateral Document may be enforced only by the action of the Collateral Agent
acting upon the instructions of the requisite percentage of Holders in accordance with the Indenture and that no other Secured Party shall have any right individually to seek to enforce or to enforce this Agreement or to realize upon the security to
be granted hereby, it being understood and agreed that such rights and remedies may be exercised by the Collateral Agent for the benefit of the Secured Parties upon the terms of this Agreement and the other Collateral Documents. 

7.2 Remedies; Disposition of the Collateral. If any Event of Default shall have occurred and be continuing, then any Collateral
repossessed by the Collateral Agent under or pursuant to Section 7.1 hereof and any other Collateral whether or not so repossessed by the Collateral Agent, may be sold, assigned, leased or otherwise disposed of under one or more contracts or as
an entirety, and without the necessity of gathering at the place of sale the property to be sold, and in general in such manner, at such time or times, at such place or places and on such terms as are commercially reasonable. Any of the Collateral
may be sold, leased or otherwise disposed of, in the condition in which the same existed when taken by the Collateral Agent or after any overhaul or repair at the expense of the relevant Assignor. Any such sale, lease or other disposition may be
effected by means of a public disposition or private disposition, effected in accordance with the applicable requirements (in each case if and to the extent applicable) of Sections 9-610 through 9-613 of the UCC and/or such other mandatory requirements of applicable law as may apply to the respective disposition. The Collateral Agent may, without notice or publication, adjourn any public or private
disposition or cause the same to be adjourned from time to time by announcement at the time and place fixed for the disposition, and such disposition may be made at any time or place to which the disposition may be so adjourned. To the extent
permitted by any such requirement of law, the Collateral Agent may bid for and become the purchaser (and may pay all or any portion of the purchase price by crediting Secured Obligations against the purchase price) of the Collateral or any item
thereof, offered for disposition in accordance with this Section 7.2 without accountability to the relevant Assignor. If, under applicable law, the Collateral Agent shall be permitted to make disposition of the Collateral within a period of
time which does not permit the giving of notice to 

  
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the relevant Assignor as hereinabove specified, the Collateral Agent need give such Assignor only such notice of disposition as shall be required by such applicable law. Each Assignor agrees to
do or cause to be done all such other acts and things as may be reasonably necessary to make such disposition or dispositions of all or any portion of the Collateral valid and binding and in compliance with any and all applicable laws, regulations,
orders, writs, injunctions, decrees or awards of any and all courts, arbitrators or governmental instrumentalities, domestic or foreign, having jurisdiction over any such sale or sales, all at such Assignor’s expense. 

7.3 Waiver of Claims. Except as otherwise provided in this Agreement, EACH ASSIGNOR HEREBY WAIVES, TO THE EXTENT PERMITTED BY
APPLICABLE LAW, NOTICE AND JUDICIAL HEARING IN CONNECTION WITH THE COLLATERAL AGENT’S TAKING POSSESSION OR THE COLLATERAL AGENT’S DISPOSITION OF ANY OF THE COLLATERAL, INCLUDING, WITHOUT LIMITATION, ANY AND ALL PRIOR NOTICE AND HEARING FOR
ANY PREJUDGMENT REMEDY OR REMEDIES, and each Assignor hereby further waives, to the extent permitted by law: 
 (i) all
damages occasioned by such taking of possession or any such disposition except any damages which are the direct result of the Collateral Agent’s gross negligence or willful misconduct (as determined by a court of competent jurisdiction in a
final and non-appealable decision); 
 (ii) all other requirements as to the time,
place and terms of sale or other requirements with respect to the enforcement of the Collateral Agent’s rights hereunder; and 

(iii) all rights of redemption, appraisement, valuation, stay, extension or moratorium now or hereafter in force under any
applicable law in order to prevent or delay the enforcement of this Agreement or the absolute sale of the Collateral or any portion thereof, and each Assignor, for itself and all who may claim under it, insofar as it or they now or hereafter
lawfully may, hereby waives the benefit of all such laws. 
 Any sale of, or the grant of options to purchase, or any other realization upon, any Collateral
shall operate to divest all right, title, interest, claim and demand, either at law or in equity, of the relevant Assignor therein and thereto, and shall be a perpetual bar both at law and in equity against such Assignor and against any and all
Persons claiming or attempting to claim the Collateral so sold, optioned or realized upon, or any part thereof, from, through and under such Assignor. 

7.4 Application of Proceeds. (a) Subject to the terms of the Intercreditor Agreement, all monies and other property and assets
collected or received by the Collateral Agent or any other Secured Party upon any sale or other disposition of the Collateral pursuant to the terms of this Agreement, together with all other monies and other property and assets collected or received
by the Collateral Agent hereunder or upon any distribution of (or on account of) Collateral (whether or not characterized as such) in connection with any case, proceeding or other action of the type described in Sections 7.01(i) and (j) of the
Indenture, shall be applied (1) first, to any amounts owed to the Collateral Agent hereunder and (2) second, to the holders of the Indenture Obligations and the holders of any Pari Passu Payment Lien Obligations, in each
case, that are then due, on a pro rata basis. Such monies and other property and assets shall be applied (x) in the case of Indenture Obligations, in the manner provided in the Section 7.10 of the Indenture and (y) in the case
of Pari Passu Payment Lien Obligations, in accordance with the relevant Pari Passu Payment Lien Documents that evidence or govern such Pari Passu Payment Lien Obligations. 

  
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 (b) It is understood that the Assignors shall remain jointly and severally liable to the
extent of any deficiency between the amount of the proceeds of the Collateral and the aggregate amount of the Secured Obligations. 
 (c) If
any Secured Party collects or receives any distribution to which it is not entitled under Section 7.4(a) hereof, Secured Party shall hold the same in trust for the Secured Parties and shall forthwith deliver the same to the
Trustee or the Collateral Agent, for the account of the Secured Parties, to be applied in accordance with Section 7.4(a) hereof. 

7.5 Remedies Cumulative. Each and every right, power and remedy hereby specifically given to the Collateral Agent shall be in addition
to every other right, power and remedy specifically given to the Collateral Agent under this Agreement, the other Secured Documents or now or hereafter existing at law, in equity or by statute and each and every right, power and remedy whether
specifically herein given or otherwise existing may be exercised from time to time or simultaneously and as often and in such order as may be deemed expedient by the Collateral Agent. All such rights, powers and remedies shall be cumulative and the
exercise or the beginning of the exercise of one shall not be deemed a waiver of the right to exercise any other or others. No delay or omission of the Collateral Agent in the exercise of any such right, power or remedy and no renewal or extension
of any of the Secured Obligations shall impair any such right, power or remedy or shall be construed to be a waiver of any Default or Event of Default or an acquiescence thereof. No notice to or demand on any Assignor in any case shall entitle it to
any other or further notice or demand in similar or other circumstances or constitute a waiver of any of the rights of the Collateral Agent to any other or further action in any circumstances without notice or demand. In the event that the
Collateral Agent shall bring any suit to enforce any of its rights hereunder and shall be entitled to judgment, then in such suit the Collateral Agent may recover reasonable expenses, including reasonable attorneys’ fees, and the amounts
thereof shall be included in such judgment. 
 7.6 Discontinuance of Proceedings. In case the Collateral Agent shall have instituted
any proceeding to enforce any right, power or remedy under this Agreement by foreclosure, sale, entry or otherwise, and such proceeding shall have been discontinued or abandoned for any reason or shall have been determined adversely to the
Collateral Agent, then and in every such case the relevant Assignor, the Collateral Agent and each holder of any of the Secured Obligations shall be restored to their former positions and rights hereunder with respect to the Collateral subject to
the security interest created under this Agreement, and all rights, remedies and powers of the Collateral Agent shall continue as if no such proceeding had been instituted. 

ARTICLE VIII 
 INDEMNITY 

8.1 Indemnity. 

Section 13.11 of the Indenture (Compensation and Indemnity) is hereby incorporated by reference as if fully set forth herein mutatis
mutandis. 
 8.2 Indemnity Obligations Secured by Collateral; Survival. Any amounts paid by any Indemnitee as to which such
Indemnitee has the right to reimbursement shall constitute Secured Obligations secured by the Collateral. The indemnity obligations of each Assignor contained in this Article VIII shall continue in full force and effect notwithstanding the full
payment of all of the other Secured Obligations and notwithstanding the full payment of all the Notes issued pursuant to the Indenture and the payment of all other Secured Obligations and notwithstanding the discharge thereof and the occurrence of
the Termination Date. 

  
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 ARTICLE IX 

DEFINITIONS 
 The following terms
shall have the meanings herein specified. Such definitions shall be equally applicable to the singular and plural forms of the terms defined. 

“Accession Agreement” means an accession agreement, if any, to this Agreement, in substantially the form of Annex P hereto,
entered into by the Assignors, the trustee, agent, or other representative for the holders of any Pari Passu Indebtedness and the Collateral Agent from time to time. 

“Account” shall mean any “account” as such term is defined in the Uniform Commercial Code as in effect on the date
hereof in the State of New York, and in any event shall include but shall not be limited to, all rights to payment of any monetary obligation, whether or not earned by performance, (i) for property that has been or is to be sold, leased,
licensed, assigned or otherwise disposed of, (ii) for services rendered or to be rendered, (iii) for a policy of insurance issued or to be issued, (iv) for a secondary obligation incurred or to be incurred, (v) for energy
provided or to be provided, (vi) for the use or hire of a vessel under a charter or other contract, (vii) arising out of the use of a credit or charge card or information contained on or for use with the card, or (viii) as winnings in
a lottery or other game of chance operated or sponsored by a State, governmental unit of a State, or person licensed or authorized to operate the game by a State or governmental unit of a State. 

“Agreement” shall mean this Security Agreement, as the same may be amended, modified, restated and/or supplemented from time
to time in accordance with its terms. 
 “As-Extracted Collateral” shall mean “as-extracted collateral” as such term is defined in the Uniform Commercial Code as in effect on the date hereof in the State of New York. 

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

“Cash Collateral Account” shall mean a non-interest bearing cash collateral account
established following the occurrence of an Event of Default and maintained with, and in the sole dominion and control of, the Collateral Agent for the benefit of the Secured Parties. 

“Chattel Paper” shall mean “chattel paper” as such term is defined in the Uniform Commercial Code as in effect on
the date hereof in the State of New York. Without limiting the foregoing, the term “Chattel Paper” shall in any event include all Tangible Chattel Paper and all Electronic Chattel Paper. 

“Commercial Tort Claims” shall mean “commercial tort claims” as such term is defined in the Uniform Commercial Code
as in effect on the date hereof in the State of New York. 
 “Concentration Account” shall mean each of those accounts
listed on Annex F hereto and designated as a “Concentration Account” thereon, along with any replacement accounts in respect thereof established in accordance with the terms of Section 3.9 hereof. 

“Contract Rights” shall mean all rights of any Assignor under each Contract, including, without limitation, (i) any and
all rights to receive and demand payments under any or all Contracts, (ii) any and all rights to receive and compel performance under any or all Contracts and (iii) any and all other rights, interests and claims now existing or in the
future arising in connection with any or all Contracts. 
 “Contracts” shall mean all contracts between any Assignor and
one or more additional parties (including, without limitation, any Interest Rate Protection Agreements, Other Hedging Agreements, licensing agreements and any partnership agreements, joint venture agreements and limited liability company
agreements). 

  
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 “Copyrights” shall mean any United States or foreign copyright now or
hereafter owned by any Assignor, including any registrations of any copyrights in the United States Copyright Office or any foreign equivalent office, as well as any application for a copyright registration now or hereafter made with the United
States Copyright Office or any foreign equivalent office by any Assignor. 
 “Debit Card Program Accounts” shall mean the
special purpose deposit accounts established by the Company or one of its Subsidiaries with a sponsoring bank in connection with the Company’s general purpose reloadable debit card business, and with the funds on deposit in such accounts to be
held therein solely as security against potential losses incurred by such sponsoring bank associated with customer chargeback claims, fraud or closed customer accounts. 

“Default” shall mean a “Default” or similar term as such defined in the Indenture or any Pari Passu Lien Document,
so long as any such agreement is in effect. 
 “Deposit Accounts” shall mean all “deposit accounts” as such term
is defined in the Uniform Commercial Code as in effect on the date hereof in the State of New York. 
 “Distribution” shall
have the meaning provided in Section 7.4(a) of this Agreement. 
 “Documents” shall mean “documents” as such
term is defined in the Uniform Commercial Code as in effect on the date hereof in the State of New York. 
 “Domain Names”
shall mean all Internet domain names and associated URL addresses in or to which any Assignor now or hereafter has any right, title or interest. 

“Electronic Chattel Paper” shall mean “electronic chattel paper” as such term is defined in the Uniform Commercial
Code as in effect on the date hereof in the State of New York. 
 “Equipment” shall mean any “equipment” as such
term is defined in the Uniform Commercial Code as in effect on the date hereof in the State of New York, and in any event, shall include, but shall not be limited to, all machinery, equipment, furnishings, fixtures and vehicles now or hereafter
owned by any Assignor and any and all additions, substitutions and replacements of any of the foregoing and all accessions thereto, wherever located, together with all attachments, components, parts, equipment and accessories installed thereon or
affixed thereto. 
 “Event of Default” shall mean an “Event of Default” or similar term as such term is defined
in the Indenture or any Pari Passu Lien Document, so long as any such agreement is in effect. 
 “Excluded Deposit
Accounts” shall mean any Deposit Account that is an Excluded Asset described in clause (6) of the definition the term of Excluded Assets. 

“First Lien Lenders” shall have the meaning provided in the Intercreditor Agreement. 

“General Intangibles” shall mean “general intangibles” as such term is defined in the Uniform Commercial Code as in
effect on the date hereof in the State of New York. 
 “Goods” shall mean “goods” as such term is defined in the
Uniform Commercial Code as in effect on the date hereof in the State of New York. 
 “Indemnitee” shall have the meaning
provided in Section 8.1(a) of this Agreement. 
 “Instructing Group” shall mean the holders of the majority in
aggregate principal amount of the then outstanding Indenture Obligations and the Pari Passu Payment Lien Obligations, if any; provided that that any Notes held by the Company or an Affiliate of the Company and any Pari Passu Indebtedness held by the
Company or an Affiliate of the Company shall be deemed not to be outstanding for purposes of determining the Instructing Group, except that in determining whether the Collateral Agent shall be protected in relying upon such direction, only those
Notes and Pari Passu Indebtedness that the Collateral Agent actually knows to be so held shall be so disregarded. 

  
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 “Instrument” shall mean “instruments” as such term is defined in
the Uniform Commercial Code as in effect on the date hereof in the State of New York. 
 “Interest Rate Protection
Agreement” shall mean any interest rate swap agreement, interest rate cap agreement, interest collar agreement, interest rate hedging agreement or other similar agreement or arrangement. 

“Inventory” shall mean merchandise, inventory and goods, and all additions, substitutions and replacements thereof and all
accessions thereto, wherever located, together with all goods, supplies, incidentals, packaging materials, labels, materials and any other items used or usable in manufacturing, processing, packaging or shipping same, in all stages of production
from raw materials through work in process to finished goods, and all products and proceeds of whatever sort and wherever located any portion thereof which may be returned, rejected, reclaimed or repossessed by the Collateral Agent from any
Assignor’s customers, and shall specifically include all “inventory” as such term is defined in the Uniform Commercial Code as in effect on the date hereof in the State of New York. 

“Investment Property” shall mean “investment property” as such term is defined in the Uniform Commercial Code as in
effect on the date hereof in the State of New York. 

“Letter-of-Credit Rights” shall mean “letter-of-credit rights” as such term is defined in the Uniform Commercial Code as in effect on the date hereof in the State of New York. 

“Location” of any Assignor, shall mean such Assignor’s “location” as determined pursuant to Section 9-307 of the UCC. 
 “Marks” shall mean all right, title and interest in and
to any trademarks, service marks and trade names now held or hereafter acquired by any Assignor, including any registration or application for registration of any trademarks and service marks now held or hereafter acquired by any Assignor, which are
registered or filed in the United States Patent and Trademark Office or the equivalent thereof in any state of the United States or any equivalent foreign office or agency, as well as any unregistered trademarks and service marks used by an Assignor
and any trade dress including logos, designs, fictitious business names and other business identifiers used by any Assignor. 

“Material Adverse Effect” shall mean (i) a material adverse effect on the business, operations, property, assets,
liabilities, condition (financial or otherwise) or operating results of Company and its Restricted Subsidiaries taken as a whole, or (ii) a material adverse effect (x) on the rights or remedies of the Collateral Agent hereunder or under
any other Secured Document, (y) on the ability of any Assignor to perform its obligations to the Collateral Agent hereunder or under any other Secured Document or (z) the legality, validity, binding effect or enforceability of this
Agreement or any of the other Secured Documents. 
 “Other Hedging Agreements” shall mean any foreign exchange contracts,
currency swap agreements, commodity agreements or other similar arrangements, or arrangements designed to protect against fluctuations in currency values or commodity prices. 

“Patents” shall mean any patent in or to which any Assignor now or hereafter has any right, title or interest therein, and
any divisions, continuations (including, but not limited to, continuations-in-parts) and improvements thereof, as well as any application for a patent now or hereafter
made by any Assignor. 

  
 -20- 

 “Permits” shall mean, to the extent permitted to be assigned by the terms
thereof or by applicable law, all licenses, permits, rights, orders, variances, franchises or authorizations of or from any governmental authority or agency. 

“Proceeds” shall mean all “proceeds” as such term is defined in the Uniform Commercial Code as in effect in the
State of New York on the date hereof and, in any event, shall also include, but not be limited to, (i) any and all proceeds of any insurance, indemnity, warranty or guaranty payable to the Collateral Agent or any Assignor from time to time with
respect to any of the Collateral, (ii) any and all payments (in any form whatsoever) made or due and payable to any Assignor from time to time in connection with any requisition, confiscation, condemnation, seizure or forfeiture of all or any
part of the Collateral by any governmental authority (or any person acting under color of governmental authority) and (iii) any and all other amounts from time to time paid or payable under or in connection with any of the Collateral. 

“Registered Organization” shall have the meaning provided in the Uniform Commercial Code as in effect in the State of New
York. 
 “Secured Documents” shall mean, collectively, the Indenture Documents and the Pari Passu Payment Lien Documents,
if any. 
 “Secured Obligations” shall mean, collectively, the Indenture Obligations and any Pari Passu Payment Lien
Obligations, if any. 
 “Securities Accounts” shall mean all “securities accounts” as such term is defined in the
Uniform Commercial Code as in effect on the date hereof in the State of New York. 
 “Software” shall mean
“software” as such term is defined in the Uniform Commercial Code as in effect on the date hereof in the State of New York. 

“Supporting Obligations” shall mean any “supporting obligation” as such term is defined in the Uniform Commercial
Code as in effect on the date hereof in the State of New York, now or hereafter owned by any Assignor, or in which any Assignor has any rights, and, in any event, shall include, but shall not be limited to all of such Assignor’s rights in
any Letter-of-Credit Right or secondary obligation that supports the payment or performance of, and all security for, any Account, Chattel Paper, Document, General
Intangible, Instrument or Investment Property. 
 “Tangible Chattel Paper” shall mean “tangible chattel paper” as
such term is defined in the Uniform Commercial Code as in effect on the date hereof in the State of New York. 
 “Termination
Date” shall mean the date upon which (i) (A) a Legal Defeasance or Covenant Defeasance shall have been consummated pursuant to Sections 9.02 or 9.03, respectively, of the Indenture or (B) the Indenture shall have been discharged
pursuant to Article 4 thereof, and (ii) if any Pari Passu Payment Lien Obligations are then outstanding, such Pari Passu Payment Lien Obligations shall have been paid in full in accordance with the Pari Passu Payment Lien Documents evidencing
or governing such Pari Passu Payment Lien Obligations. 
 “Timber-to-be-Cut” shall mean “timber-to-be-cut” as such term
is defined in the Uniform Commercial Code as in effect on the date hereof in the State of New York. 
 “Trade Secret
Rights” shall mean the rights of an Assignor in any Trade Secret it holds. 
 “Trade Secrets” shall mean any
secretly held existing engineering or other data, information, production procedures and other know-how relating to the design manufacture, assembly, installation, use, operation, marketing, sale and/or
servicing of any products or business of an Assignor worldwide whether written or not. 

  
 -21- 

 “UCC” shall mean the Uniform Commercial Code as in effect from time to time
in the relevant jurisdiction. 
 ARTICLE X 

MISCELLANEOUS 
 10.1
Notices. Except as otherwise specified herein, all notices, requests, demands or other communications to or upon the respective parties hereto shall be sent or delivered by mail, telegraph, telex, telecopy, cable or courier service and all
such notices and communications shall, when mailed, telegraphed, telexed, telecopied, or cabled or sent by courier, be effective when deposited in the mails, delivered to the telegraph company, cable company or overnight courier, as the case may be,
or sent by telex or telecopier, except that notices and communications to the Collateral Agent or any Assignor shall not be effective until received by the Collateral Agent or such Assignor, as the case may be. All notices and other communications
shall be in writing and addressed as follows: 
 (a) if to any Assignor, c/o: 

CURO Group Holdings Corp. 
 3527
North Ridge Road 
 Wichita, Kansas 67205 

Telecopier No.: 316.722.7751 

Attention: Vin Thomas, Chief Legal Officer 

(b) if to the Collateral Agent, at: 

TMI Trust Company, as Trustee 

1100 Abernathy Road NE, Suite 480 

Atlanta, GA 30328 
 Attention:
Kathy Knapp 
 Telephone No.: 678.221.5917 

Telecopier No.: 678.221.5917 
 or at such other
address or addressed to such other individual as shall have been furnished in writing by any Person described above to the party required to give notice hereunder. 

10.2 Waiver; Amendment. Except as provided in Sections 10.8 and 10.12 hereof (or as provided in the other Collateral Documents), none
of the terms and conditions of this Agreement or any other Collateral Document may be changed, waived, modified or varied in any manner whatsoever unless in writing duly signed by each Assignor directly affected thereby (it being understood that the
addition or release of any Assignor hereunder shall not constitute a change, waiver, discharge or termination affecting any Assignor other than the Assignor so added or released) and the Collateral Agent (with the written consent of the requisite
percentage of Holders in accordance with the Indenture). 
 10.3 Obligations Absolute. The obligations of each Assignor hereunder
shall remain in full force and effect without regard to, and shall not be impaired by, (a) any bankruptcy, insolvency, reorganization, arrangement, readjustment, composition, liquidation or the like of such Assignor; (b) any exercise or non-exercise, or any waiver of, any right, remedy, power or privilege under or in respect of this Agreement or any other Indenture Document; or (c) any amendment to or modification of any Secured Document or
any security for any of the Secured Obligations; whether or not such Assignor shall have notice or knowledge of any of the foregoing. 

  
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 10.4 Successors and Assigns. This Agreement shall create a continuing security
interest in the Collateral and shall (i) remain in full force and effect, subject to release and/or termination as set forth in Section 10.8 hereof, (ii) be binding upon each Assignor, its successors and assigns; provided,
however, that no Assignor shall assign any of its rights or obligations hereunder without the prior written consent of the Collateral Agent (with the prior written consent of the requisite percentage of Holders in accordance with the
Indenture) or as otherwise permitted by the Secured Documents, and (iii) inure, together with the rights and remedies of the Collateral Agent hereunder, to the benefit of the Collateral Agent, the other Secured Parties and their respective
successors, transferees and assigns. All agreements, statements, representations and warranties made by each Assignor herein or in any certificate or other instrument delivered by such Assignor or on its behalf under this Agreement shall be
considered to have been relied upon by the Secured Parties and shall survive the execution and delivery of this Agreement and the other Secured Documents regardless of any investigation made by the Secured Parties or on their behalf. 

10.5 Headings Descriptive. The headings of the several sections of this Agreement are inserted for convenience only and shall not in
any way affect the meaning or construction of any provision of this Agreement. 
 10.6 GOVERNING LAW; SUBMISSION TO JURISDICTION; VENUE;
WAIVER OF JURY TRIAL. (a) THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH AND BE GOVERNED BY THE LAW OF THE STATE OF NEW YORK. ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS
AGREEMENT OR ANY OTHER SECURED DOCUMENT SHALL BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK OR OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF NEW YORK, IN EACH CASE WHICH ARE LOCATED IN THE COUNTY OF NEW YORK, AND, BY EXECUTION AND DELIVERY
OF THIS AGREEMENT, EACH ASSIGNOR HEREBY IRREVOCABLY ACCEPTS FOR ITSELF AND IN RESPECT OF ITS PROPERTY, GENERALLY AND UNCONDITIONALLY, THE EXCLUSIVE JURISDICTION OF THE AFORESAID COURTS. EACH ASSIGNOR HEREBY FURTHER IRREVOCABLY WAIVES ANY CLAIM THAT
ANY SUCH COURTS LACK PERSONAL JURISDICTION OVER SUCH ASSIGNOR, AND AGREES NOT TO PLEAD OR CLAIM IN ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT OR ANY OTHER SECURED DOCUMENT BROUGHT IN ANY OF THE AFORESAID COURTS THAT ANY SUCH COURT
LACKS PERSONAL JURISDICTION OVER SUCH ASSIGNOR. EACH ASSIGNOR FURTHER IRREVOCABLY CONSENTS TO THE SERVICE OF PROCESS OUT OF ANY OF THE AFOREMENTIONED COURTS IN ANY SUCH ACTION OR PROCEEDING BY THE MAILING OF COPIES THEREOF BY REGISTERED OR CERTIFIED
MAIL, POSTAGE PREPAID, TO ANY SUCH ASSIGNOR AT ITS ADDRESS FOR NOTICES AS PROVIDED IN SECTION 10.1 ABOVE, SUCH SERVICE TO BECOME EFFECTIVE 30 DAYS AFTER SUCH MAILING. EACH ASSIGNOR HEREBY IRREVOCABLY WAIVES ANY OBJECTION TO SUCH SERVICE OF PROCESS
AND FURTHER IRREVOCABLY WAIVES AND AGREES NOT TO PLEAD OR CLAIM IN ANY ACTION OR PROCEEDING COMMENCED HEREUNDER OR UNDER ANY OTHER SECURED DOCUMENT THAT SUCH SERVICE OF PROCESS WAS IN ANY WAY INVALID OR INEFFECTIVE. NOTHING HEREIN, HOWEVER, SHALL
AFFECT THE RIGHT OF THE COLLATERAL AGENT UNDER THIS AGREEMENT, OR ANY SECURED PARTY, TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR TO COMMENCE LEGAL PROCEEDINGS OR OTHERWISE PROCEED AGAINST ANY ASSIGNOR IN ANY OTHER JURISDICTION. 

  
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 (b) EACH ASSIGNOR HEREBY IRREVOCABLY WAIVES ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE
TO THE LAYING OF VENUE OF ANY OF THE AFORESAID ACTIONS OR PROCEEDINGS ARISING OUT OF OR IN CONNECTION WITH THIS AGREEMENT OR ANY OTHER INDENTURE DOCUMENT BROUGHT IN THE COURTS REFERRED TO IN CLAUSE (a) ABOVE AND HEREBY FURTHER IRREVOCABLY
WAIVES AND AGREES NOT TO PLEAD OR CLAIM IN ANY SUCH COURT THAT ANY SUCH ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. 

(c) EACH OF THE PARTIES TO THIS AGREEMENT HEREBY IRREVOCABLY WAIVES ALL RIGHT TO A TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM
ARISING OUT OF OR RELATING TO THIS AGREEMENT, THE OTHER SECURED DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. 
 10.7
Assignor’s Duties. It is expressly agreed, anything herein contained to the contrary notwithstanding, that each Assignor shall remain liable to perform all of the obligations, if any, assumed by it with respect to the
Collateral and the Collateral Agent shall not have any obligations or liabilities with respect to any Collateral by reason of or arising out of this Agreement, nor shall the Collateral Agent be required or obligated in any manner to perform or
fulfill any of the obligations of any Assignor under or with respect to any Collateral. 
 10.8 Termination; Release. (a) After
the Termination Date, this Agreement shall terminate (provided that all indemnities set forth herein including, without limitation in Section 8.1 hereof, shall survive such termination) and the Collateral Agent, at the written request
and expense of the respective Assignor, will promptly execute and deliver to such Assignor a proper instrument or instruments (including Uniform Commercial Code termination statements on form UCC-3)
acknowledging the satisfaction and termination of this Agreement, and will duly assign, transfer and deliver to such Assignor (without recourse and without any representation or warranty) such of the Collateral as may be in the possession of the
Collateral Agent and as has not theretofore been sold or otherwise applied or released pursuant to this Agreement. 
 (b) The Liens securing
the Collateral may be released from time to time in accordance with Article 13 of the Indenture. Furthermore, upon the release of any Guarantor from its Notes Guarantee in accordance with the provisions of the Indenture, such Assignor (and the
Collateral at such time assigned by the respective Assignor pursuant hereto) shall be released from this Agreement. 
 (c) The Collateral
Agent shall have no liability whatsoever to any other Secured Party as the result of any release of Collateral by it in accordance with (or which the Collateral Agent in good faith believes to be in accordance with) this Section 10.8. 

10.9 Counterparts. This Agreement may be executed in any number of counterparts and by the different parties hereto on separate
counterparts, each of which when so executed and delivered shall be an original, but all of which shall together constitute one and the same instrument. A set of counterparts executed by all the parties hereto shall be lodged with the Company and
the Collateral Agent. 
 10.10 Severability. Any provision of this Agreement which is prohibited or unenforceable in any jurisdiction
shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or
render unenforceable such provision in any other jurisdiction. 
 10.11 The Collateral Agent and the other Secured Parties. The
Collateral Agent will hold in accordance with this Agreement all items of the Collateral at any time received under this Agreement. It is expressly understood and agreed that the obligations of the Collateral Agent as holder of the Collateral and
interests therein and with respect to the disposition thereof, and otherwise under this 

  
 -24- 

 
Agreement, are only those expressly set forth in this Agreement and in the Indenture. The Collateral Agent shall act hereunder on the terms and conditions set forth herein and in the Indenture.
The provisions of Article 13 of the Indenture shall inure to the benefit of the Collateral Agent, and shall be binding upon all Assignors and all Secured Parties, in connection with this Agreement and the other Collateral Documents. Without limiting
the generality of the foregoing, (i) the Collateral Agent shall not be subject to any fiduciary or other implied duties, regardless of whether an Event of Default has occurred and is continuing and (ii) the Collateral Agent shall not have
any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated by the Collateral Documents that the Collateral Agent is required in writing to exercise by the Instructing
Group. Notwithstanding anything to the contrary in this Agreement, in no event shall the Collateral Agent be responsible for, or have any duty or obligation with respect to, the recording, filing registering, perfection, protection or maintenance of
the security interests or Liens intended to be created by this Agreement (including the preparation, filing or continuation of any Uniform Commercial Code financing or continuation statements or similar documents or instruments), nor shall the
Collateral Agent be responsible for, and the Collateral Agent makes no representation regarding, the validity, enforceability, effectiveness or priority of this Agreement or the security interests or Liens intended to be created hereby. 

10.12 Additional Assignors. It is understood and agreed that any Guarantor that desires to become an Assignor hereunder, or is required
to execute a counterpart of this Agreement after the date hereof pursuant to the requirements of the Indenture or any other Indenture Document or Pari Passu Payment Lien Document, shall become an Assignor hereunder by (x) executing a joinder
agreement in the form of Annex O hereto and delivering same to the Collateral Agent, in each case as may be requested by (and in form and substance reasonably satisfactory to) the Collateral Agent, (y) delivering supplements to Annexes A
through F, inclusive, and H through K, inclusive, hereto as are necessary to cause such Annexes to be complete and accurate with respect to such additional Assignor on such date and (z) taking all actions as specified in this Agreement as would
have been taken by such Assignor had it been an original party to this Agreement, in each case with all documents required above to be delivered to the Collateral Agent and with all documents and actions required above to be taken. 

10.13 Intercreditor Agreement. Without limiting the generality of the final paragraph of Section 1.1(b): (a) the Liens granted
hereunder in favor of the Collateral Agent for the benefit of the Secured Parties in respect of the Collateral and the exercise of any right related thereto thereby shall be subject, in each case, to the terms of the Intercreditor Agreement; and
(b) notwithstanding anything to the contrary herein, any provision hereof that requires (or any representation or warranty hereunder to the extent that it would have the effect of requiring) any Assignor to (i) deliver any Collateral to
the Collateral Agent, or (ii) provide that the Collateral Agent have control over such Collateral (or, in the case of any representation or warranty hereunder, shall be deemed to be true) by (A) with respect to subclause (i) hereof,
the delivery of such Collateral by such Assignor to the First Priority Agent for the benefit of the secured parties under the First Priority Collateral Documents and the Secured Parties pursuant to Section 4.6 of the Intercreditor Agreement,
and (B) with respect to subclause (ii) hereof, providing that the First Priority Agent be provided with control with respect to such Collateral of such Assignor for the benefit of the secured parties under the First Priority Collateral
Documents and the Secured Parties pursuant to Section 4.7 of the Intercreditor Agreement. 

  
 -25- 

 10.14 Pari Passu Payment Lien Obligations. (a) If any Assignor incurs any Pari
Passu Indebtedness, the agent, trustee or other representative of the holders of such Pari Passu Payment Lien Obligations shall enter into a supplement to the Intercreditor Agreement and an Accession Agreement. 

(b) By accepting the benefits of this Agreement and the other Secured Documents, each holder of Secured Obligations hereby agrees that
notwithstanding anything to the contrary in this Agreement or any other Security Documents: 
 (i) notwithstanding the date,
time, method, manner or order of grant, attachment or perfection of any Liens on the Collateral securing the Indenture Obligations and the Pari Passu Payment Lien Obligations, the Liens securing all such Indebtedness shall be of equal priority; 

(ii) the Indenture Obligations and the Pari Passu Payment Lien Obligations may be increased, extended, renewed, replaced,
restated, supplemented, restructured, refunded, refinanced or otherwise amended from time to time, in each case, to the extent permitted by the Secured Documents; and 

(iii) (A) as between the Holders of the Notes and the holders of Pari Passu Indebtedness, only the Instructing Group shall have
the right to direct the Collateral Agent in conducting foreclosures and in taking other actions with respect to the Collateral, and the authorized agents, trustees or other representatives of other Indebtedness shall not have any right to take any
actions with respect to the Collateral; 
 (B) the Instructing Group will have the sole right to instruct the Collateral
Agent to act or refrain from acting with respect to the Collateral, and the Collateral Agent shall not follow any instructions with respect to such Collateral from any other Person; and 

(C) no authorized representative of any Indebtedness (other than the Instructing Group) will instruct the Collateral Agent to
commence any judicial or non-judicial foreclosure proceedings with respect to, seek to have a trustee, receiver, liquidator or similar official appointed for or over, attempt any action to take possession of,
exercise any right, remedy or power with respect to, or otherwise take any action to enforce its interests in or realize upon, or take any other action available to it in respect of, the Collateral. 

[Remainder of this page intentionally left blank; signature pages follow] 

  
 -26- 

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

			
	CURO GROUP HOLDINGS CORP.,as an Assignor
		
	By:	 	/s/ Donald F. Gayhardt Jr.,
		 	Name: Donald F. Gayhardt Jr.
		 	Title: Chief Executive Officer and President

  

			
	 CURO FINANCIAL TECHNOLOGIES CORP.

CURO INTERMEDIATE HOLDINGS CORP.
 A SPEEDY CASH CAR TITLE LOANS,
LLC
 AVIO CREDIT, INC.
 ADVANCE GROUP, INC.

ATTAIN FINANCE, LLC
 CASH COLORADO, LLC

CONCORD FINANCE, INC.
 CURO CREDIT, LLC

ENNOBLE FINANCE, LLC
 EVERGREEN FINANCIAL INVESTMENTS, INC.

FMMR INVESTMENTS, INC.
 GALT VENTURES, LLC

PRINCIPAL INVESTMENTS, INC.
 SCIL TEXAS, LLC

SC AURUM, LLC
 SCIL, INC.

SPEEDY CASH
 SPEEDY CASH ILLINOIS, INC.

SC TEXAS MB, INC.
 THE MONEY STORE, L.P.

CURO MANAGEMENT LLC
 TODD CAR TITLE, INC.

TODD FINANCIAL, INC.
  

Each as an Assignor

		
	By:	 	/s/ Donald F. Gayhardt Jr.
		 	Name: Donald F. Gayhardt Jr.
		 	Title: Chief Executive Officer and President

 [Project Grace—Signature Page to Security Agreement] 

 Accepted and Agreed to: 
  

			
	 TMI TRUST COMPANY,
 as Collateral
Agent

		
	By:	 	/s/ Kathy E. Knapp
		 	Name: Kathy E. Knapp
		 	Title: Vice President

 [Project Grace—Signature Page to Security Agreement]

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