Document:

EX-10.2

 Exhibit 10.2 

Execution Version 

INTERCREDITOR AGREEMENT 

This Intercreditor Agreement (this “Agreement”), dated as of October 9, 2020, is by and among JPMORGAN CHASE BANK, N.A.,
as administrative agent and collateral agent (in such capacities, with its successors and assigns in such capacities, and as more specifically defined below, the “ABL Representative”) for the ABL Secured Parties (as defined below),
Wilmington Savings Fund Society, FSB (“WSFS”), not in its individual capacity but solely as collateral agent (in such capacity , with its successors and assigns in such capacity, and as more specifically defined below, the
“Exit Convertible Notes Representative”) for the Exit Convertible Notes Secured Parties (as defined below, but only with respect to the Exit Convertible Notes Obligations under, in connection with, or evidenced by the Exit
Convertible Notes Indenture in existence on the date hereof and any Exit Convertible Notes Security Documents related thereto) and each of the Credit Parties (as defined below) party hereto. 

WHEREAS HI-CRUSH INC., a Delaware corporation (the “Borrower”), the ABL
Representative and certain financial institutions and other entities are parties to that certain Credit Agreement dated as of the date hereof (as amended, restated, amended and restated, extended, supplemented or otherwise modified from time to
time, the “Existing ABL Agreement”), pursuant to which such financial institutions and other entities have agreed to make loans and extend other financial accommodations to the Borrower, and such loans and other financial
accommodations are guaranteed by the Credit Parties; 
 WHEREAS the Borrower, as issuer (in such capacity, the “Exit Convertible
Notes Issuer”), WSFS, as indenture trustee (the “Trustee”), the Exit Convertible Notes Representative and certain financial institutions and other entities are parties to that certain Exit Convertible Notes Indenture dated
as of the date hereof (as amended, restated, amended and restated, extended, supplemented or otherwise modified from time to time, the “Exit Convertible Notes Indenture”), pursuant to which the Borrower has issued senior secured
convertible notes (together with any Additional Notes and PIK Notes (each as defined in the Exit Convertible Notes Indenture) issued pursuant to the Exit Convertible Notes Indenture, the “Exit Convertible Notes”) to the Exit
Convertible Noteholders, and such notes are guaranteed by the Credit Parties; 
 WHEREAS, the Borrower and the other Credit Parties have
granted to the ABL Representative security interests in the Collateral as security for payment and performance of the ABL Obligations and to the Exit Convertible Notes Representative security interests in the Collateral as security for payment and
performance of the Exit Convertible Notes Obligations. 
 NOW THEREFORE, in consideration of the foregoing and the mutual covenants herein
contained and other good and valuable consideration, the existence and sufficiency of which is expressly recognized by all of the parties hereto, the parties agree as follows: 

SECTION 1. Definitions; Rules of Construction. 

1.1 UCC Definitions. The following terms which are defined in the Uniform Commercial Code are used herein as so defined: Accounts,
Chattel Paper, Commercial Tort Claims, Deposit Accounts, Documents, Equipment, General Intangibles, Goods, Instruments, Inventory, Investment Property, Letter of Credit, Letter of Credit Rights, Records and Supporting Obligations. 

1.2 Defined Terms. The following terms, as used herein, have the following meanings: 

“ABL Agreement” means the collective reference to (a) the Existing ABL Agreement and (b) any other credit
agreement, loan agreement, note agreement, promissory note, indenture or other agreement or instrument evidencing or governing the terms of any indebtedness or other financial accommodation that 

 
has been incurred to extend, replace, refinance or refund in whole or in part the indebtedness and other obligations outstanding under the Existing ABL Agreement (regardless of whether such
replacement, refunding or refinancing is a “working capital” facility, asset-based facility or otherwise) or any other agreement or instrument referred to in this clause (b) unless such agreement or instrument expressly provides that
it is not intended to be and is not an ABL Agreement hereunder (a “Replacement ABL Agreement”). Any reference to the ABL Agreement hereunder shall be deemed a reference to any ABL Agreement then extant. 

“ABL Creditors” means, collectively, the “Lenders” and the other “Secured Parties,” each as defined in
the ABL Agreement, or any Persons that are designated under the ABL Agreement as the “ABL Creditors” for purposes of this Agreement. 

“ABL DIP Financing” has the meaning set forth in Section 5.2(a). 

“ABL Documents” means the ABL Agreement, each ABL Security Document, each ABL Guarantee and each other “Credit
Document” as defined in the ABL Agreement. 
 “ABL Guarantee” means any guarantee by any Credit Party of any or all of
the ABL Obligations. 
 “ABL Guarantors” means the guarantors party to any ABL Guarantee. 

“ABL Lien” means any Lien created by the ABL Security Documents. 

“ABL Obligations” means (a) all principal of and interest (including, without limitation any Post-Petition Interest) and
premium (if any) on all loans made pursuant to the ABL Agreement or any ABL DIP Financing by the ABL Creditors, (b) all reimbursement obligations (if any) and interest thereon (including without limitation any Post-Petition Interest) with
respect to any letter of credit or similar instruments issued pursuant to the ABL Agreement, (c) all Additional Debt constituting ABL Obligations pursuant to Section 10.5, (d) all other Secured Obligations (as defined
in the Existing ABL Agreement) and (e) all guarantee obligations, indemnities, fees, expenses (including, without limitation, all fees and disbursements of counsel to the ABL Representative or any ABL Creditors) and other amounts payable from
time to time pursuant to the ABL Documents, in each case whether or not allowed or allowable in an Insolvency Proceeding. To the extent any payment with respect to any ABL Obligation (whether by or on behalf of any Credit Party, as Proceeds of
security, enforcement of any right of setoff or otherwise) is declared to be a fraudulent conveyance or a preference in any respect, set aside or required to be paid to a debtor in possession, any Exit Convertible Notes Secured Party, receiver or
similar Person, then the obligation or part thereof originally intended to be satisfied shall, for the purposes of this Agreement and the rights and obligations of the ABL Secured Parties and the Exit Convertible Notes Secured Parties, be deemed to
be reinstated and outstanding as if such payment had not occurred. 
 “ABL Obligations Payment Date” means the first date
on which (a) the ABL Obligations (other than those that constitute Unasserted Contingent Obligations) have been indefeasibly paid in cash in full (or cash collateralized or defeased in accordance with the terms of the ABL Documents), (b) all
commitments to extend credit under the ABL Documents have been terminated, (c) there are no outstanding letters of credit or similar instruments issued under the ABL Documents (other than such as have been cash collateralized or defeased in
accordance with the terms of the ABL Documents) and (d) termination or cash collateralization (in an amount reasonably satisfactory to the ABL Representative) of all Banking Services Obligations and Swap Obligations. 

“ABL Post-Petition Assets” has the meaning set forth in Section 5.2(b). 

  
 2 

 “ABL Priority Collateral” means all Collateral other than Exit Convertible
Notes Priority Collateral. 
 “ABL Representative” has the meaning set forth in the introductory paragraph hereof. In the
case of any Replacement ABL Agreement or any other ABL Agreement, the ABL Representative shall be the Person identified as a designated ABL Representative in such Agreement. If at any time there is more than one series of ABL Obligations
outstanding, the Controlling ABL Representative shall be the “ABL Representative”. 
 “ABL Secured Parties” means
the ABL Representative, the ABL Creditors and any other holders of the ABL Obligations. 
 “ABL Security Documents” means,
collectively, the Pledge and Security Agreement, dated as of the date hereof, among the Borrower, the other Credit Parties from time to time party thereto and the ABL Representative for the ratable benefit of the ABL Secured Parties, any additional
Security Documents (as defined in the ABL Agreement), any additional pledges, security agreements or mortgages that create or purport to create a Lien in favor of the ABL Representative for the benefit of the ABL Secured Parties and any instruments
of assignment, control agreements, lockbox letters or other instruments or agreements executed pursuant to the foregoing, and any other documents that are designated under the ABL Agreement as “ABL Security Documents” for purposes of this
Agreement. 
 “Access Period” means, with respect to each parcel or item of Exit Convertible Notes Priority Collateral, the
period, following the commencement of any Enforcement Action, which begins on the earlier of (a) the day on which the ABL Representative provides the Exit Convertible Notes Representative with the notice of its election to request access to
such parcel or item of Exit Convertible Notes Priority Collateral pursuant to Section 3.4(c) and (b) the fifth (5th) Business Day after the Exit Convertible Notes Representative provides the ABL Representative with
notice that the Exit Convertible Notes Representative (or its agent) has obtained possession or control of such parcel or item of Exit Convertible Notes Priority Collateral and ends on the earliest of (i) the day which is 360 days after the
date (the “Initial Access Date”) on which the ABL Representative initially obtains the ability to take physical possession of, remove or otherwise control physical access to, or actually uses, such parcel or item of Exit Convertible
Notes Priority Collateral plus such number of days, if any, after the Initial Access Date that it is stayed or otherwise prohibited by law or court order from exercising remedies with respect to associated ABL Priority Collateral, (ii) the date
on which all or substantially all of the ABL Priority Collateral associated with such parcel or item of Exit Convertible Notes Priority Collateral is sold, collected or liquidated, (iii) the ABL Obligations Payment Date and (iv) the date
on which the default which resulted in such Enforcement Action has been cured or waived in writing. 
 “Additional Debt”
has the meaning set forth in Section 10.5(b). 
 “Agreement” has the meaning set forth in the
introductory paragraph hereof. 
 “Banking Services” means each and any of the following bank services provided to any
Credit Party by any ABL Creditor or any Affiliate of an ABL Creditor: (a) commercial credit cards, (b) stored value cards and (c) treasury management services (including, without limitation, controlled disbursement, automated
clearinghouse transactions, return items, overdrafts and interstate depository network services). 
 “Banking Services
Obligations” means any and all obligations of any Credit Party, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and
substitutions therefor) in connection with Banking Services. 

  
 3 

 “Bankruptcy Code” means the United States Bankruptcy Code (11 U.S.C.
§101 et seq.), as amended from time to time. 
 “Borrower” has the meaning set forth in the recitals hereto. 

“Business Day” means a day (a) other than a Saturday, Sunday, or other day on which banks are required or permitted to
be closed under the laws of, or are in fact closed in, Texas, Delaware or New York, and (b) if the applicable Business Day relates to any Eurodollar loans, on which dealings are carried on by commercial banks in the London interbank market.

 “Collateral” means all assets, whether now owned or hereafter acquired by any Credit Party, in which a Lien is granted
or purported to be granted at any time to any ABL Secured Party as security for any ABL Obligation and to any Exit Convertible Notes Secured Party as security for any Exit Convertible Notes Obligation (including, but not limited to, Accounts,
Chattel Paper, Intellectual Property, Documents, General Intangibles, Instruments, Inventory, Investment Property, Letters of Credit and Letter-of-Credit Rights,
Supporting Obligations, Deposit Accounts, cash or cash equivalents, Commercial Tort Claims, Equipment, Goods, and accessions to, substitutions for, and replacements, Proceeds and products of the foregoing, together with all books and records,
customer lists, credit files, computer files, programs, printouts, and other computer materials and records related thereto and any General Intangibles at any time evidencing or relating to any of the foregoing, and all other assets of each Credit
Party now or hereafter as set forth in the ABL Security Documents and the Exit Convertible Notes Security Documents). 
 “Comparable
Security Document” means, in relation to any Senior Collateral subject to any Senior Security Document, that Junior Security Document that creates a security interest in the same Senior Collateral, granted by the same Credit Party, as
applicable. 
 “Controlling ABL Representative” means (a) prior to the ABL Obligations Payment Date in respect of the
Existing ABL Agreement, the ABL Representative under the Existing ABL Agreement until the ABL Obligations Payment Date under the Existing ABL Agreement, (b) after the ABL Obligations Payment Date in respect of the Existing ABL Agreement, but
prior to the ABL Obligations Payment Date in respect of all Replacement ABL Agreements, the ABL Representative of the series of ABL Obligations that constitutes the largest outstanding principal amount of any then outstanding series of ABL
Obligations in respect of Replacement ABL Agreements and (c) after the ABL Obligations Payment Date in respect of both the Existing ABL Agreement and all Replacement ABL Agreements, the ABL Representative of the series of ABL Obligations that
constitutes the largest outstanding principal amount of any then outstanding series of ABL Obligations. 
 “Controlling Exit
Convertible Notes Representative” means (a) prior to the Exit Convertible Notes Obligations Payment Date in respect of the Exit Convertible Notes Indenture in existence on the date hereof, the Exit Convertible Notes Representative
thereunder, (b) after the Exit Convertible Notes Obligations Payment Date in respect of the Exit Convertible Notes Indenture in existence on the date hereof, but prior to the Exit Convertible Notes Obligations Payment Date in respect of all
Replacement Notes Agreements, the Exit Convertible Notes Representative of the series of Exit Convertible Notes Obligations that constitutes the largest outstanding principal amount of any then outstanding series of Exit Convertible Notes
Obligations in respect of Replacement Notes Agreements and (c) after the Exit Convertible Notes Obligations Payment Date in respect of both the Exit Convertible Notes Indenture in existence on the date hereof and all Replacement Notes
Agreements, the Exit Convertible Notes Representative of the series of Exit Convertible Notes Obligations that constitutes the largest outstanding principal amount of any then outstanding series of Exit Convertible Notes Obligations. 

  
 4 

 “Copyright Licenses” means any and all agreements granting any right in, to
or under Copyrights (whether a Credit Party is licensee or licensor thereunder). 
 “Copyrights” means all United States
copyrights, including but not limited to copyrights in software and databases, and all “Mask Works” (as defined under 17 U.S.C. 901 of the U.S. Copyright Act), whether registered or unregistered, now or hereafter in force, and with respect
to any and all of the foregoing: (a) all registrations and applications therefor, (b) all extensions and renewals thereof, (c) all rights to sue for past, present and future infringements thereof, (d) all licenses, claims,
damages and proceeds of suit arising therefrom, and (e) all payments and royalties and rights to payments and royalties arising out of the sale, lease, license, assignment, or other disposition thereof. 

“Credit Party” means the Borrower, the Exit Convertible Notes Issuer, all ABL Guarantors and all Exit Convertible Notes
Guarantors. 
 “Enforcement Action” means, with respect to the ABL Obligations or the Exit Convertible Notes Obligations,
the exercise of any rights and remedies with respect to any Collateral securing such obligations or the commencement or prosecution of enforcement of any of the rights and remedies under, as applicable, the ABL Documents or the Exit Convertible
Notes Documents, or applicable law, including the exercise of any rights of set-off or recoupment, and the exercise of any rights or remedies of a secured creditor under the Uniform Commercial Code of any
applicable jurisdiction or under the Bankruptcy Code. 
 “Equity Interest” means with respect to any Person, any shares,
interests, participation, or other equivalents (however designated) of corporate stock, membership interests or partnership interests (or any other ownership interests) of such Person. 

“Exit Convertible Noteholders” means the “Holders” or similar terms as defined in any Exit Convertible Notes
Indenture, to whom the Exit Convertible Notes Issuer issues Exit Convertible Notes, or any Persons that are designated under any Exit Convertible Notes Indenture as the “Exit Convertible Noteholders” for purposes of this Agreement. 

“Exit Convertible Notes” has the meaning set forth in the recitals hereto and shall include any notes issued pursuant to any
Replacement Notes Agreement. 
 “Exit Convertible Notes DIP Financing” has the meaning set forth in
Section 5.2(b). 
 “Exit Convertible Notes Documents” means the Exit Convertible Notes Indenture,
each Exit Convertible Notes Security Document, the Exit Convertible Notes, each Exit Convertible Notes Guarantee and each other “Note Document” or similar term defined in any Exit Convertible Notes Indenture. 

“Exit Convertible Notes Guarantee” means any guarantee by any Credit Party of any or all of the Exit Convertible Notes
Obligations. 
 “Exit Convertible Notes Guarantors” means the guarantors party to any Exit Convertible Notes Guarantee.

 “Exit Convertible Notes Indenture” has the meaning set forth in the recitals hereto and shall include any one or more
other agreements, indentures or facilities extending the maturity of, consolidating, restructuring, refunding, replacing or refinancing all or any portion of the Exit Convertible Notes Obligations, whether by the same or any other agent, trustee,
lender, group of lenders, creditor or group of creditors and whether or not increasing the amount of any indebtedness that may be incurred thereunder (any such other agreement, indenture or facility, a “Replacement Notes
Agreement”). Any reference to the Exit Convertible Notes Indenture hereunder shall be deemed a reference to any Exit Convertible Notes Indenture then extant. 

  
 5 

 “Exit Convertible Notes Issuer” has the meaning set forth in the recitals
hereto. 
 “Exit Convertible Notes Lien” means any Lien created by the Exit Convertible Notes Security Documents.

 “Exit Convertible Notes Obligations” means any and all obligations of every nature of each Credit Party from time to
time owed to the Exit Convertible Notes Secured Parties, or any of them, under, in connection with, or evidenced or secured by any Exit Convertible Notes Document, including, without limitation, the “Indenture Obligations” or similar term
as defined in any Exit Convertible Notes Indenture or any Exit Convertible Notes DIP Financing and all Additional Debt constituting Exit Convertible Notes Obligations pursuant to Section 10.5, and whether for principal,
interest (including interest, fees and expenses which, but for the filing of a petition in bankruptcy with respect to such Credit Party, would have accrued on any Exit Convertible Notes Obligation, whether or not a claim is allowed against such
Credit Party for such interest, fees and expenses in the related Insolvency Proceeding), fees, premium, if any, expenses (including, without limitation, all fees and disbursements of counsel to the Exit Convertible Notes Representative or any Exit
Convertible Noteholders), indemnification or otherwise, and all amounts owing or due under the terms of any Exit Convertible Notes Document. To the extent any payment with respect to any Exit Convertible Notes Obligation (whether by or on behalf of
any Credit Party, as Proceeds of security, enforcement of any right of setoff or otherwise) is declared to be a fraudulent conveyance or a preference in any respect, set aside or required to be paid to a debtor in possession, any ABL Secured Party,
receiver or similar Person, then the obligation or part thereof originally intended to be satisfied shall, for the purposes of this Agreement and the rights and obligations of the Exit Convertible Notes Secured Parties and the ABL Secured Parties,
be deemed to be reinstated and outstanding as if such payment had not occurred. 
 “Exit Convertible Notes Obligations Payment
Date” means the first date on which (a) the Exit Convertible Notes Obligations (other than those that constitute Unasserted Contingent Obligations) have been indefeasibly paid in cash in full and (b) all commitments to extend
credit under the Exit Convertible Notes Documents have been terminated. 
 “Exit Convertible Notes Priority Collateral”
means all Collateral consisting of the following: (a) Real Property, (b) motor vehicles and other assets to the extent subject to certificates of title, (c) Equity Interests in a first-tier foreign subsidiary in excess of 66% of the
voting Equity Interests issued by such first-tier foreign subsidiary, (d) Equity Interests in foreign subsidiaries that are not first-tier foreign subsidiaries, (e) all foreign intellectual property, and (f)(x) all collateral security
and guarantees with respect to, and all products of, any of the foregoing items referred to in the preceding clauses (a) through (e) to the extent constituting Exit Convertible Notes Priority Collateral and (y) all Proceeds of any of the
foregoing items referred to in the preceding clauses (a) through (e); provided, however, “Exit Convertible Notes Priority Collateral” shall not include Proceeds from the disposition of any Exit Convertible Notes Priority
Collateral permitted by the Exit Convertible Notes Indenture or any other documents governing Exit Convertible Notes Obligations to the extent (i) such Proceeds do not themselves constitute Exit Convertible Notes Priority Collateral pursuant to
the preceding clauses (a) through (e) and (ii) are not required to be applied to the mandatory prepayment of the Exit Convertible Notes Obligations pursuant to the Exit Convertible Notes Documents or other documents governing Exit
Convertible Notes Obligations, in each case, unless such Proceeds arise from a disposition of Exit Convertible Notes Priority Collateral resulting from Enforcement Action taken by the Exit Convertible Noteholders permitted by this Agreement. 

  
 6 

 “Exit Convertible Notes Representative” has the meaning set forth in the
introductory paragraph hereof. In the case of any Replacement Notes Agreement or any other Exit Convertible Notes Agreement, the Exit Convertible Notes Representative shall be the Person identified as such in such Agreement. If at any time there is
more than one series of Exit Convertible Notes Obligations outstanding, the Controlling Exit Convertible Notes Representative shall be the “Exit Convertible Notes Representative”. 

“Exit Convertible Notes Secured Parties” means the Exit Convertible Notes Representative, the Trustee, the Exit Convertible
Noteholders and any other holders of the Exit Convertible Notes Obligations, as the case may be from time to time. 
 “Exit
Convertible Notes Security Documents” means, collectively, (i) the Pledge and Security Agreement, dated as of the date hereof, among the Exit Convertible Notes Issuer, the other Credit Parties from time to time party thereto and the
Exit Convertible Notes Representative for the benefit of the Exit Convertible Notes Secured Parties (but only with respect to the Exit Convertible Notes Obligations under, in connection with, or evidenced by the Exit Convertible Notes Indenture in
existence on the date hereof and any Exit Convertible Notes Security Documents related thereto), (ii) any additional “Security Documents” or similar term as defined in any Exit Convertible Notes Indenture, (iv) any additional
pledges, security agreements or mortgages that create or purport to create a Lien in favor of the Exit Convertible Notes Representative for the benefit of the Exit Convertible Notes Secured Parties and (v) any instruments of assignment, control
agreements, lockbox letters or other instruments or agreements executed pursuant to the foregoing, and any documents that are designated under the Exit Convertible Notes Indenture as “Exit Convertible Notes Security Documents” for purposes
of this Agreement. 
 “Insolvency Proceeding” means (a) any voluntary or involuntary case or proceeding under the
Bankruptcy Code with respect to any Credit Party, (b) any other voluntary or involuntary insolvency, reorganization or bankruptcy case or proceeding, or any receivership, liquidation, reorganization or other similar case or proceeding with
respect to any Credit Party or with respect to a material portion of its assets, (c) any liquidation, dissolution, reorganization or winding up of any Credit Party whether voluntary or involuntary and whether or not involving insolvency or
bankruptcy, or (d) any general assignment for the benefit of creditors or any other marshalling of assets and liabilities of any Credit Party. 

“Intellectual Property” means, collectively, Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks, Trademark
Licenses, Trade Secrets, and Trade Secret Licenses. 
 “Junior Collateral” means, with respect to any Junior Secured Party,
any Collateral on which it has a Junior Lien. 
 “Junior Documents” means, (a) with respect to any Junior Obligations
that are Exit Convertible Notes Obligations, the Exit Convertible Notes Documents or any other document, instrument or certificate evidencing or delivered in connection with such Junior Obligation and (b) with respect to any Junior Obligations
that are ABL Obligations, the ABL Documents or any other document, instrument or certificate evidencing or delivered in connection with such Junior Obligation. 

“Junior Liens” means (a) with respect to any ABL Priority Collateral, all Liens securing the Exit Convertible Notes
Obligations and (b) with respect to any Exit Convertible Notes Priority Collateral, all Liens securing the ABL Obligations. 

“Junior Obligations” means (a) with respect to any ABL Priority Collateral, all Exit Convertible Notes Obligations and
(b) with respect to any Exit Convertible Notes Priority Collateral, all ABL Obligations. 

  
 7 

 “Junior Representative” means (a) with respect to any ABL Obligations
or any ABL Priority Collateral, the Exit Convertible Notes Representative and (b) with respect to any Exit Convertible Notes Obligations or any Exit Convertible Notes Priority Collateral, the ABL Representative. 

“Junior Secured Parties” means (a) with respect to the ABL Priority Collateral, all Exit Convertible Noteholders and
(b) with respect to the Exit Convertible Notes Priority Collateral, all ABL Secured Parties. 
 “Junior Security
Documents” means with respect to any Junior Secured Party, the Security Documents that secure the Junior Obligations. 

“Lien” means any mortgage, lien, pledge, charge, deed of trust, security interest, or encumbrance to secure or provide for
the payment of any obligation of any Person, whether arising by contract, operation of law, or otherwise (including the interest of a vendor or lessor under any conditional sale agreement, capital lease, or other title retention agreement). 

“Lien Priority” means with respect to any Lien of the ABL Representative or Exit Convertible Notes Representative in the
Collateral, the order of priority of such Lien specified in Section 2.1. 
 “Notes Post-Petition
Assets” has the meaning set forth in Section 5.2(a). 
 “Patent License” means all
agreements granting any right in, to, or under Patents (whether any Credit Party is licensee or licensor thereunder). 

“Patents” means all United States patents and certificates of invention, or similar industrial property rights, now or
hereafter in force, and with respect to any and all of the foregoing, (a) all applications therefore, (b) all reissues, divisions, continuations,
continuations-in-part, extensions, renewals, and reexaminations thereof, (c) all inventions and improvements described therein, (d) all rights to sue for past,
present and future infringements thereof, (e) all licenses, claims, damages, and proceeds of suit arising therefrom, and (f) all payments and royalties and rights to payments and royalties arising out of the sale, lease, license,
assignment, or other disposition thereof. 
 “Person” means an individual, partnership, corporation (including a business
trust), joint stock company, trust, limited liability company, limited liability partnership, unincorporated association, joint venture, or other entity, or a government or any political subdivision or agency thereof, or any trustee, receiver,
custodian, or similar official. 
 “Post-Petition Interest” means any interest or entitlement to fees or expenses or other
charges that accrues after the commencement of any Insolvency Proceeding (or would accrue but for the commencement of an Insolvency Proceeding), whether or not allowed or allowable in any such Insolvency Proceeding. 

“Priority Collateral” means the ABL Priority Collateral or the Exit Convertible Notes Priority Collateral, as applicable.

 “Proceeds” means (a) all “proceeds,” as defined in Article 9 of the Uniform Commercial Code, with respect
to the Collateral, and (b) whatever is recoverable or recovered when any Collateral is sold, exchanged, collected, or disposed of, whether voluntarily or involuntarily. 

“Real Property” means any right, title or interest in and to real property held by any Credit Party, including any fee
interest, leasehold interest, easement, or license and any other right to use or occupy real property, including any right arising by contract. 

  
 8 

 “Replacement ABL Agreement” has the meaning set forth in the definition of
“ABL Agreement.” 
 “Replacement Notes Agreement” has the meaning set forth in the definition of “Exit
Convertible Notes Indenture.” 
 “Secured Obligations” means the ABL Obligations and the Exit Convertible Notes
Obligations. 
 “Secured Parties” means the ABL Secured Parties and the Exit Convertible Notes Secured Parties. 

“Security Documents” means, collectively, the ABL Security Documents and the Exit Convertible Notes Security Documents. 

“Senior Collateral” means with respect to any Senior Secured Party, any Collateral on which it has a Senior Lien. 

“Senior Documents” means, (a) with respect to any Senior Obligations that are ABL Obligations, the ABL Documents or any
other document, instrument or certificate evidencing or delivered in connection with such Senior Obligation and (b) with respect to any Senior Obligations that are Exit Convertible Notes Obligations, the Exit Convertible Notes Documents, or any
other document, instrument or certificate evidencing or delivered in connection with such Senior Obligation. 
 “Senior
Liens” means (a) with respect to the ABL Priority Collateral, all Liens securing the ABL Obligations and (b) with respect to the Exit Convertible Notes Priority Collateral, all Liens securing the Exit Convertible Notes
Obligations. 
 “Senior Obligations” means (a) with respect to any ABL Priority Collateral, all ABL Obligations and
(b) with respect to any Exit Convertible Notes Priority Collateral, all Exit Convertible Notes Obligations. 
 “Senior
Obligations Payment Date” means (a) with respect to ABL Obligations, the ABL Obligations Payment Date and (b) with respect to any Exit Convertible Notes Obligations, the Exit Convertible Notes Obligations Payment Date. 

“Senior Representative” means (a) with respect to any ABL Priority Collateral, the ABL Representative that is the
Controlling ABL Representative and (b) with respect to any Exit Convertible Notes Priority Collateral, the Exit Convertible Notes Representative that is the Controlling Exit Convertible Notes Representative. 

“Senior Secured Parties” means (a) with respect to the ABL Priority Collateral, all ABL Secured Parties and
(b) with respect to the Exit Convertible Notes Priority Collateral, all Exit Convertible Noteholders. 
 “Senior Security
Documents” means with respect to any Senior Obligations, the Security Documents that secure such Senior Obligations. 

“Swap Obligations” means any “Swap Obligation” as defined in the ABL Agreement. 

“Trademark Licenses” means any and all agreements granting any right in or to Trademarks (whether a Credit Party is licensee
or licensor thereunder). 

  
 9 

 “Trademarks” means all United States trademarks, service marks,
certification marks, collective marks, trade names, corporate names, d/b/as, business names, fictitious business names, Internet domain names, trade styles, logos, other source or business identifiers, designs and general intangibles of a like
nature, rights of publicity and privacy pertaining to the names, likeness, signature and biographical data of natural persons, now or hereafter in force, and, with respect to any and all of the foregoing: (a) all registrations and applications
therefor, (b) the goodwill of the business symbolized thereby, (c) all rights to sue for past, present and future infringement or dilution thereof or for any injury to goodwill, (d) all licenses, claims, damages, and proceeds of suit
arising therefrom, and (e) all payments and royalties and rights to payments and royalties arising out of the sale, lease, license assignment or other disposition thereof. 

“Trade Secret Licenses” means any and all agreements granting any right in or to Trade Secrets (whether a Credit Party is
licensee or licensor thereunder). 
 “Trade Secrets” means all trade secrets and all other confidential or proprietary
information and know-how, whether or not reduced to a writing or other tangible form, now or hereafter in force, owned or used in, or contemplated at any time for use in, the business of any Credit Party,
including with respect to any and all of the foregoing: (a) all documents and things embodying, incorporating, or referring in any way thereto, (b) all rights to sue for past, present and future infringement thereof, (c) all licenses,
claims, damages, and proceeds of suit arising therefrom, and (d) all payments and royalties and rights to payments and royalties arising out of the sale, lease, license, assignment, or other dispositions thereof. 

“Unasserted Contingent Obligations” means, at any time, ABL Obligations or Exit Convertible Notes Obligations, as applicable,
for taxes, costs, indemnifications, reimbursements, damages and other liabilities (excluding (a) the principal of, and interest and premium (if any) on, and fees and breakage expenses relating to, any Loans (as defined in the ABL Agreement or
Exit Convertible Notes Indenture, as applicable), and (b) with respect to ABL Obligations contingent reimbursement obligations in respect of amounts that may be drawn under outstanding letters of credit) in respect of which no assertion of
liability or no claim or demand for payment has been made (or, in the case of ABL Obligations or Exit Convertible Notes Obligations, as applicable, for indemnification, no notice for indemnification has been issued by the indemnitee) at such time.

 “Uniform Commercial Code” or “UCC” means the Uniform Commercial Code as in effect from time to time in
the applicable jurisdiction. 
 1.3 Rules of Construction. The definitions of terms herein shall apply equally to the singular and
plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”, “includes” and “including” shall be deemed to
be followed by the phrase “without limitation”. The word “will” shall be construed to have the same meaning and effect as the word “shall”. Unless the context requires otherwise (a) any definition of or reference
to any agreement, instrument or other document herein shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified (subject to any restrictions on such amendments,
supplements or modifications set forth herein), (b) any reference herein to any Person shall be construed to include such Person’s successors and assigns, (c) the words “herein”, “hereof” and “hereunder”, and
words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof, (d) all references herein to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles
and Sections of, and Exhibits and Schedules to, this Agreement and (e) the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and
properties, including cash, securities, accounts and contract rights. 

  
 10 

 SECTION 2. Lien Priority. 

2.1 Lien Subordination. Notwithstanding the date, manner or order of grant, attachment or perfection of any Junior Lien in respect of
any Collateral or of any Senior Lien in respect of any Collateral and notwithstanding any provision of the UCC, any applicable law, any Security Document, any alleged or actual defect or deficiency in any of the foregoing or any other circumstance
whatsoever, the Junior Representative, on behalf of each Junior Secured Party, in respect of such Collateral hereby agrees that: 

(a) any Senior Lien in respect of such Collateral, regardless of how acquired, whether by grant, statute, operation of law,
subrogation or otherwise, shall be and shall remain senior and prior to any Junior Lien in respect of such Collateral (whether or not such Senior Lien is subordinated to any Lien securing any other obligation); and 

(b) any Junior Lien in respect of such Collateral, regardless of how acquired, whether by grant, statute, operation of law,
subrogation or otherwise, shall be junior and subordinate in all respects to any Senior Lien in respect of such Collateral. 
 2.2
Prohibition on Contesting Liens. In respect of any Collateral, the Junior Representative, on behalf of each Junior Secured Party, in respect of such Collateral agrees that it shall not, and hereby waives any right to: 

(a) contest, or support any other Person in contesting, in any proceeding (including any Insolvency Proceeding), the priority,
validity or enforceability of any Senior Lien on such Collateral; or 
 (b) demand, request, plead or otherwise assert or
claim the benefit of any marshalling, appraisal, valuation or similar right which it may have in respect of such Collateral or the Senior Liens on such Collateral, except to the extent that such rights are expressly granted in this Agreement. 

2.3 Nature of Obligations. The Exit Convertible Notes Representative on behalf of itself and the other Exit Convertible Notes Secured
Parties acknowledges that a portion of the ABL Obligations represents debt that is revolving in nature and that the amount thereof that may be outstanding at any time or from time to time may be increased, reduced or repaid and subsequently
reborrowed, and that the terms of the ABL Obligations or any ABL Document may be waived, modified, extended, amended, restated or supplemented in accordance with the terms thereof from time to time, and that the aggregate amount of the ABL
Obligations may be increased, replaced or refinanced, in each event, without notice to or consent by the Exit Convertible Notes Secured Parties and without affecting the provisions hereof. The ABL Representative on behalf of itself and the other ABL
Secured Parties acknowledges that the amount of any Exit Convertible Notes Obligations may be increased, replaced or refinanced, and any Exit Convertible Notes Document or any provision thereof may be waived, modified, extended, amended, restated or
supplemented in accordance with the terms thereof from time to time, and the aggregate amount of the Exit Convertible Notes Obligations may be increased without notice to or consent by the ABL Secured Parties and without affecting the provisions
hereof. The Lien Priorities provided in Section 2.1 shall not be altered or otherwise affected by any such amendment, modification, supplement, extension, repayment, reborrowing, increase, replacement, renewal, restatement
or refinancing of either the ABL Obligations or the Exit Convertible Notes Obligations, or any portion thereof. The provisions of this Section 2.3 are not intended to constitute a waiver of any restrictions
(i) contained in the ABL Agreement applicable to the amount or terms of the Exit Convertible Notes Obligations or (ii) contained in the Exit Convertible Notes Indenture applicable to the amount or terms of the ABL Obligations. 

  
 11 

 2.4 No New Liens. (a) Until the ABL Obligations Payment Date, no Exit
Convertible Notes Secured Party shall acquire or hold any Lien on any assets of any Credit Party securing any Exit Convertible Notes Obligation which assets are not also subject to the Lien of the ABL Representative under the ABL Documents, subject
to the Lien Priority set forth herein. If any Exit Convertible Notes Secured Party shall (nonetheless and in breach hereof) acquire or hold any Lien on any assets of any Credit Party securing any Exit Convertible Notes Obligation which assets are
not also subject to the Lien of the ABL Representative under the ABL Documents, subject to the Lien Priority set forth herein, then the Exit Convertible Notes Representative (or the relevant Exit Convertible Notes Secured Party) shall, without the
need for any further consent of any other Exit Convertible Notes Secured Party and notwithstanding anything to the contrary in any other Exit Convertible Notes Document, be deemed to also hold and have held such Lien for the benefit of the ABL
Representative as security for the ABL Obligations (subject to the Lien Priority and other terms hereof) and shall promptly notify the ABL Representative in writing of the existence of such Lien. 

(b) Until the Exit Convertible Notes Obligations Payment Date, no ABL Secured Party shall acquire or hold any Lien on any assets of any Credit
Party securing any ABL Obligation which assets are not also subject to the Lien of the Exit Convertible Notes Representative under the Exit Convertible Notes Documents, subject to the Lien Priority set forth herein. If any ABL Secured Party shall
(nonetheless and in breach hereof) acquire or hold any Lien on any assets of any Credit Party securing any ABL Obligation which assets are not also subject to the Lien of the Exit Convertible Notes Representative under the Exit Convertible Notes
Documents, subject to the Lien Priority set forth herein, then the ABL Representative (or the relevant ABL Secured Party) shall, without the need for any further consent of any other ABL Secured Party and notwithstanding anything to the contrary in
any other ABL Document, be deemed to also hold and have held such Lien for the benefit of the Exit Convertible Notes Representative as security for the Exit Convertible Notes Obligations (subject to the Lien Priority and other terms hereof) and
shall promptly notify the Exit Convertible Notes Representative in writing of the existence of such Lien. 
 2.5 Separate Grants of
Security and Separate Classification. Each Secured Party acknowledges and agrees that (a) the grants of Liens pursuant to the ABL Security Documents and the Exit Convertible Notes Security Documents constitute two separate and distinct
grants of Liens and (b) because of, among other things, their differing rights in the Collateral, the Exit Convertible Notes Obligations are fundamentally different from the ABL Obligations and should be separately classified in any plan of
reorganization, plan of liquidation or similar plan proposed or adopted in an Insolvency Proceeding. To further effectuate the intent of the parties as provided in the immediately preceding sentence, if it is held that claims in respect of the ABL
Obligations and the Exit Convertible Notes Obligations constitute claims in the same class (rather than separate classes of secured claims), then the ABL Secured Parties and the Exit Convertible Notes Secured Parties hereby acknowledge and agree
that all distributions shall be made as if there were separate classes of ABL Obligations claims and Exit Convertible Notes Obligations claims against the Credit Parties, with the effect being that, to the extent that the aggregate value of the ABL
Priority Collateral or Exit Convertible Notes Priority Collateral is sufficient (for this purpose ignoring all claims held by the other Secured Parties), the ABL Secured Parties or the Exit Convertible Notes Secured Parties, respectively, shall be
entitled to receive, in addition to amounts distributed to them in respect of principal, pre-petition interest and other claims, all amounts owing in respect of Post-Petition Interest that is available from
each pool of Priority Collateral for each of the ABL Secured Parties and the Exit Convertible Notes Secured Parties, respectively, before any distribution is made in respect of the claims held by the other Secured Parties, with the other Secured
Parties hereby acknowledging and agreeing to turn over to the respective other Secured Parties amounts otherwise received or receivable by them to the extent necessary to effectuate the intent of this sentence, even if such turnover has the effect
of reducing the aggregate recoveries. 

  
 12 

 2.6 Agreements Regarding Actions to Perfect Liens. (a) The ABL Representative
agrees on behalf of itself and the other ABL Secured Parties that all mortgages, deeds of trust, deeds and similar instruments (collectively, “mortgages”) now or thereafter filed against Real Property in favor of or for the benefit
of the ABL Representative shall contain the following notation: “The lien created by this mortgage on the property described herein is junior and subordinate to the lien on such property created by any mortgage, deed of trust or similar
instrument now or hereafter granted to Wilmington Savings Fund Society, FSB as Exit Convertible Notes Representative, in accordance with the provisions of the Intercreditor Agreement dated as of October 9, 2020, as amended from time to
time.” 
 (b) Each of the ABL Representative and the Exit Convertible Notes Representative hereby acknowledges that, to the extent that
it holds, or a third party holds on its behalf, physical possession of or “control” (as defined in the Uniform Commercial Code) over Collateral pursuant to the ABL Security Documents or the Exit Convertible Notes Security Documents,
including pursuant to any deposit account control agreements, as applicable, such possession or control is also for the benefit of the Exit Convertible Notes Representative and the other Exit Convertible Notes Secured Parties or the ABL
Representative and the other ABL Secured Parties, as applicable, solely to the extent required to perfect their security interest in such Collateral. Nothing in the preceding sentence shall be construed to impose any duty on the ABL Representative
or the Exit Convertible Notes Representative (or any third party acting on either such Person’s behalf) with respect to such Collateral or provide the Exit Convertible Notes Representative, any other Exit Convertible Notes Secured Party, the
ABL Representative or any other ABL Secured Party, as applicable, with any rights with respect to such Collateral beyond those specified in this Agreement, the ABL Security Documents and the Exit Convertible Notes Security Documents, as applicable,
provided that subsequent to the occurrence of the ABL Obligations Payment Date (so long as the Exit Convertible Notes Obligations Payment Date shall not have occurred), the ABL Representative shall (i) deliver to the Exit Convertible
Notes Representative, at the Credit Parties’ sole cost and expense, the Collateral in its possession or control together with any necessary endorsements to the extent required by the Exit Convertible Notes Documents or (ii) direct and
deliver such Collateral as a court of competent jurisdiction otherwise directs; provided, further, that subsequent to the occurrence of the Exit Convertible Notes Obligations Payment Date (so long as the ABL Obligations Payment Date
shall not have occurred), the Exit Convertible Notes Representative shall (i) deliver to the ABL Representative, at the Credit Parties’ sole cost and expense, the Collateral in its possession or control together with any necessary
endorsements to the extent required by the ABL Documents or (ii) direct and deliver such Collateral as a court of competent jurisdiction otherwise directs. The provisions of this Agreement are intended solely to govern the respective Lien
priorities as between the ABL Secured Parties and the Exit Convertible Notes Secured Parties and shall not impose on the ABL Secured Parties or the Exit Convertible Notes Secured Parties any obligations in respect of the disposition of any
Collateral (or any proceeds thereof) that would conflict with prior perfected Liens or any claims thereon in favor of any other Person that is not a Secured Party. 

SECTION 3. Enforcement Rights. 

3.1 Exclusive Enforcement. Until the Senior Obligations Payment Date has occurred, whether or not an Insolvency Proceeding has been
commenced by or against any Credit Party, the Senior Secured Parties shall have the exclusive right to take and continue any Enforcement Action (including the right to credit bid their debt) with respect to the Senior Collateral, without any
consultation with or consent of any Junior Secured Party, but subject to the proviso set forth in Section 5.1. Upon the occurrence and during the continuance of a default or an event of default under the Senior Documents,
the Senior Representative and the other Senior Secured Parties may take and continue any Enforcement Action with respect to the Senior Obligations and the Senior Collateral in such order and manner as they may determine in their sole discretion in
accordance with the terms and conditions of the Senior Documents. 
 3.2 Standstill and Waivers. Each Junior Representative, on behalf
of itself and the other Junior Secured Parties, agrees that, until the Senior Obligations Payment Date has occurred, but subject to the proviso set forth in Section 5.1: 

  
 13 

 (i) they will not take or cause to be taken any action, the purpose or
effect of which is to make any Lien on any Senior Collateral that secures any Junior Obligation pari passu with or senior to, or to give any Junior Secured Party any preference or priority relative to, the Liens on the Senior Collateral securing the
Senior Obligations; 
 (ii) they will not contest, oppose, object to, interfere with, hinder or delay, in any manner, whether
by judicial proceedings (including the filing of an Insolvency Proceeding) or otherwise, any foreclosure, sale, lease, exchange, transfer or other disposition of the Senior Collateral by any Senior Secured Party or any other Enforcement Action taken
(or any forbearance from taking any Enforcement Action) in respect of the Senior Collateral by or on behalf of any Senior Secured Party; 

(iii) they have no right to (x) direct either the Senior Representative or any other Senior Secured Party to exercise any
right, remedy or power with respect to the Senior Collateral or pursuant to the Senior Security Documents in respect of the Senior Collateral or (y) consent or object to the exercise by the Senior Representative or any other Senior Secured
Party of any right, remedy or power with respect to the Senior Collateral or pursuant to the Senior Security Documents with respect to the Senior Collateral or to the timing or manner in which any such right is exercised or not exercised (or, to the
extent they may have any such right described in this clause (iii), whether as a junior lien creditor in respect of the Senior Collateral or otherwise, they hereby irrevocably waive such right); 

(iv) they will not institute any suit or other proceeding or assert in any suit, Insolvency Proceeding or other proceeding any
claim against any Senior Secured Party seeking damages from or other relief by way of specific performance, instructions or otherwise, with respect to, and no Senior Secured Party shall be liable for, any action taken or omitted to be taken by any
Senior Secured Party with respect to the Senior Collateral or pursuant to the Senior Documents in respect of the Senior Collateral; 

(v) they will not commence judicial or nonjudicial foreclosure proceedings with respect to, seek to have a trustee, receiver,
liquidator or similar official appointed for or over, attempt any action to take possession of any Senior Collateral, exercise any right, remedy or power with respect to, or otherwise take any action to enforce their interest in or realize upon, the
Senior Collateral; and 
 (vi) they will not seek, and hereby waive any right, to have the Senior Collateral or any part
thereof marshaled upon any foreclosure or other disposition of the Senior Collateral; 
 provided that, notwithstanding the foregoing, any Junior
Secured Party may exercise its rights and remedies in respect of the Senior Collateral under the Junior Documents or applicable law (and any recovery therefrom shall be for the benefit of the Senior Secured Parties) after the passage of a period of
180 days (the “Standstill Period”) from the date of delivery of a notice in writing to the Senior Representative of its intention to exercise such rights and remedies, which notice may only be delivered following the occurrence of
and during the continuation of an “Event of Default” under and as defined in the Junior Documents; provided, further, however, that, notwithstanding the foregoing, in no event shall any Junior Secured Party exercise or
continue to exercise any such rights or remedies if, notwithstanding the expiration of the Standstill Period, (i) any Senior Secured Party shall have commenced and be diligently pursuing the exercise of any of its rights and remedies with
respect to any of the Senior Collateral (prompt notice of such exercise to be given to the Junior Representative) or is diligently attempting to vacate any stay or prohibition against such exercise or (ii) an Insolvency Proceeding in respect of
any Credit Party shall have been commenced; and provided, further, that in any Insolvency Proceeding commenced by or against any Credit Party, the Junior Representative and the Junior Secured Parties may not take any action except as expressly
permitted by Section 5. 

  
 14 

 3.3 Judgment Creditors. In the event that any Exit Convertible Notes Secured Party
becomes a judgment lien creditor in respect of Collateral as a result of its enforcement of its rights as an unsecured creditor, such judgment lien shall be subject to the terms of this Agreement for all purposes (including in relation to the ABL
Liens and the ABL Obligations) to the same extent as all other Liens securing the Exit Convertible Notes Obligations are subject to the terms of this Agreement. In the event that any ABL Secured Party becomes a judgment lien creditor in respect of
Collateral as a result of its enforcement of its rights as an unsecured creditor, such judgment lien shall be subject to the terms of this Agreement for all purposes (including in relation to the Exit Convertible Notes Liens and the Exit Convertible
Notes Obligations) to the same extent as all other Liens securing the ABL Obligations are subject to the terms of this Agreement. 
 3.4
Cooperation; Sharing of Information and Access. (a) The Exit Convertible Notes Representative, on behalf of itself and the other Exit Convertible Notes Secured Parties, agrees that each of them shall take such actions as the ABL
Representative shall reasonably request in connection with the exercise by the ABL Secured Parties of their rights set forth herein in respect of the ABL Priority Collateral (at the sole cost and expense of the Credit Parties). The ABL
Representative, on behalf of itself and the other ABL Secured Parties, agrees that each of them shall take such actions as the Exit Convertible Notes Representative shall reasonably request in connection with the exercise by the Exit Convertible
Notes Secured Parties of their rights set forth herein in respect of the Exit Convertible Notes Priority Collateral (at the sole cost and expense of the Credit Parties). 

(b) In the event that the ABL Representative shall, in the exercise of its rights under the ABL Security Documents or otherwise, receive
possession or control of any books and Records of any Credit Party which contain information identifying or pertaining to the Exit Convertible Notes Priority Collateral, the ABL Representative shall promptly notify the Exit Convertible Notes
Representative of such fact and, upon request from the Exit Convertible Notes Representative and as promptly as practicable thereafter, either make available to the Exit Convertible Notes Representative such books and Records for inspection and
duplication or provide to the Exit Convertible Notes Representative copies thereof (at the sole cost and expense of the Credit Parties). In the event that the Exit Convertible Notes Representative shall, in the exercise of its rights under the Exit
Convertible Notes Security Documents or otherwise, receive possession or control of any books and records of any Credit Party which contain information identifying or pertaining to any of the ABL Priority Collateral, the Exit Convertible Notes
Representative shall promptly notify the ABL Representative of such fact and, upon request from the ABL Representative and as promptly as practicable thereafter, either make available to the ABL Representative such books and records for inspection
and duplication or provide the ABL Representative copies thereof (at the sole cost and expense of the Credit Parties). The Exit Convertible Notes Representative hereby irrevocably grants the ABL Representative a
non-exclusive worldwide license or right to use, consistent with applicable law, to the extent of the Exit Convertible Notes Representative ‘s interest therein and reasonably requested by the ABL
Representative, exercisable without payment of royalty or other compensation, to use any of the Intellectual Property now or hereafter owned by, licensed to, or otherwise used by the Credit Parties in order for ABL Representative and ABL Secured
Parties to purchase, use, market, repossess, possess, store, assemble, manufacture, process, sell, transfer, distribute or otherwise dispose of any asset included in the ABL Priority Collateral in connection with the liquidation, disposition or
realization upon the ABL Priority Collateral in accordance with the terms and conditions of the ABL Security Documents and the other ABL Documents. The Exit Convertible Notes Representative agrees that any sale, transfer or other disposition of any
of the Credit Parties’ Intellectual Property (whether by foreclosure or otherwise) will be subject to the ABL Representative’s rights as set forth in this Section 3.4. The ABL Representative hereby irrevocably
grants the Exit Convertible Notes Representative a non-exclusive worldwide license or right to use, consistent 

  
 15 

 
with applicable law, to the extent of the ABL Representative’s interest therein and reasonably requested by the Exit Convertible Notes Representative, exercisable without payment of royalty
or other compensation, to use any of the Intellectual Property now or hereafter owned by, licensed to, or otherwise used by the Credit Parties in order for Exit Convertible Notes Representative and Exit Convertible Notes Secured Parties to purchase,
use, market, repossess, possess, store, assemble, manufacture, process, sell, transfer, distribute or otherwise dispose of any asset included in the Exit Convertible Notes Priority Collateral in connection with the liquidation, disposition or
realization upon the Exit Convertible Notes Priority Collateral in accordance with the terms and conditions of the Exit Convertible Notes Security Documents and the other Exit Convertible Notes Documents. The ABL Representative agrees that any sale,
transfer or other disposition of any of the Credit Parties’ Intellectual Property (whether by foreclosure or otherwise) will be subject to the Exit Convertible Notes Representative’s rights as set forth in this
Section 3.4. 
 (c) If the Exit Convertible Notes Representative, or any agent or representative of the Exit
Convertible Notes Representative, or any receiver, shall, after the commencement of any Enforcement Action, obtain possession or physical control of any of the Exit Convertible Notes Priority Collateral, the Exit Convertible Notes Representative
shall promptly notify the ABL Representative in writing of that fact, and the ABL Representative shall, within ten (10) Business Days thereafter, notify the Exit Convertible Notes Representative in writing as to whether the ABL Representative
desires to exercise access rights under this Agreement. In addition, if the ABL Representative, or any agent or representative of the ABL Representative, or any receiver, shall obtain possession or physical control of any of the Exit Convertible
Notes Priority Collateral in connection with an Enforcement Action, then the ABL Representative shall promptly notify the Exit Convertible Notes Representative that the ABL Representative is exercising its access rights under this Agreement and its
rights under Section 3.4 under either circumstance. Upon delivery of such notice by the ABL Representative to the Exit Convertible Notes Representative, the ABL Representative and the Exit Convertible Notes Representative
shall confer in good faith to coordinate with respect to the ABL Representative’s exercise of such access rights, with such access rights to apply to any parcel or item of Exit Convertible Notes Priority Collateral access to which is reasonably
necessary to enable the ABL Representative during normal business hours to convert ABL Priority Collateral consisting of raw materials and work-in-process into saleable
finished goods and/or to transport such ABL Priority Collateral to a point where such conversion can occur, to otherwise prepare ABL Priority Collateral for sale and/or to arrange or effect the sale of ABL Priority Collateral, all in accordance with
the manner in which such matters are completed in the ordinary course of business. Consistent with the definition of “Access Period,” access rights will apply to differing parcels or items of Exit Convertible Notes Priority
Collateral at differing times, in which case, a differing Access Period will apply to each such parcel or items. During any pertinent Access Period, (i) the ABL Representative and its agents, representatives and designees shall have an
irrevocable, non-exclusive right to have access to, and a rent-free right to use, the relevant parcel or item of the Exit Convertible Notes Priority Collateral for the purposes described above and
(ii) the ABL Representative shall be obligated hereunder to reimburse the Exit Convertible Notes Representative for all operating costs of such Exit Convertible Notes Priority Collateral incurred after the commencement of the relevant Access
Period (it being understood that operating costs shall not include insurance) to the extent (x) incurred as a result of the exercise by the ABL Representative of its access rights and (y) actually paid by the Exit Convertible Notes
Representative or the Exit Convertible Notes Secured Parties. The ABL Representative shall take proper and reasonable care under the circumstances of any Exit Convertible Notes Priority Collateral that is used by the ABL Representative during the
Access Period and repair and replace any damage (ordinary wear-and-tear excepted) caused by the ABL Representative or its agents, representatives or designees, and leave
the Exit Convertible Notes Priority Collateral in substantially the same condition as it was at the commencement of the occupancy, use or control by the ABL Representative or its agents, representatives or designees (ordinary wear-and-tear excepted), and the ABL Representative shall comply with all applicable laws in all material respects in connection with its use or occupancy or possession of the
ABL Priority Collateral. The ABL Representative shall indemnify and hold harmless the Exit Convertible Notes Representative and the Exit Convertible Noteholders for any injury or damage to 

  
 16 

 
Persons or property (ordinary wear-and-tear excepted) and for any losses, claims, liabilities or expenses directly
resulting from the occupancy, use or control by the ABL Representatives or its agents, representatives or designees or by the acts or omissions of Persons under its control; provided, however, that the ABL Representative and the ABL
Creditors will not be liable for any diminution in the value of Exit Convertible Notes Priority Collateral caused by the absence of the ABL Priority Collateral therefrom. The ABL Representative and the Exit Convertible Notes Representative shall
cooperate and use reasonable efforts to ensure that their activities during the Access Period as described above do not interfere materially with the activities of the other as described above, including the right of Exit Convertible Notes
Representative to show the Exit Convertible Notes Priority Collateral to prospective purchasers and to ready the Exit Convertible Notes Priority Collateral for sale. Consistent with the definition of the term “Access Period,” if any
order or injunction is issued or stay is granted or is otherwise effective by operation of law that prohibits the ABL Representative from exercising any of its rights hereunder, then the Access Period granted to the ABL Representative under this
Section 3.4 shall be stayed during the period of such prohibition and shall continue thereafter for the number of days remaining as required under this Section 3.4. The Exit Convertible Notes
Representative shall not foreclose or otherwise sell, remove or dispose of any of the Exit Convertible Notes Priority Collateral during the Access Period with respect to such Exit Convertible Notes Priority Collateral if the ABL Representative
(acting in good faith) informs the Exit Convertible Notes Representative in writing that such Exit Convertible Notes Priority Collateral is reasonably necessary to enable the ABL Representative to convert, transport or arrange to sell the ABL
Priority Collateral as described above; provided, however, that nothing contained in this Agreement shall restrict the Exit Convertible Notes Representative from foreclosing or otherwise selling, removing, transferring or disposing of
any Exit Convertible Notes Priority Collateral prior to the expiration of the Access Period if the purchaser, assignee or transferee agrees to be bound by the provisions of this Section 3.4(c) in writing (for the benefit of
the ABL Representative and the ABL Secured Parties). 
 3.5 No Additional Rights For the Credit Parties Hereunder. Except as provided
in Section 3.6 hereof, if any ABL Secured Party or Exit Convertible Notes Secured Party shall enforce its rights or remedies in violation of the terms of this Agreement, no Credit Party shall be entitled to use such
violation as a defense to any action by any ABL Secured Party or Exit Convertible Notes Secured Party, nor to assert such violation as a counterclaim or basis for set off or recoupment against any ABL Secured Party or Exit Convertible Notes Secured
Party. 
 3.6 Actions Upon Breach. (a) If any ABL Secured Party or Exit Convertible Notes Secured Party, contrary to this
Agreement, commences or participates in any action or proceeding against any Credit Party or the Collateral, such Credit Party, with the prior written consent of the ABL Representative or the Exit Convertible Notes Representative, as applicable, may
interpose as a defense or dilatory plea the making of this Agreement, and any ABL Secured Party or Exit Convertible Notes Secured Party, as applicable, may intervene and interpose such defense or plea in its or their name or in the name of such
Credit Party. 
 (b) Should any ABL Secured Party or Exit Convertible Notes Secured Party, contrary to this Agreement, in any way take,
attempt to or threaten to take any action with respect to the Collateral (including any attempt to realize upon or enforce any remedy with respect to this Agreement), or fail to take any action required by this Agreement, any ABL Secured Party or
Exit Convertible Notes Secured Party (in its own name or in the name of the relevant Credit Party), as applicable, or the relevant Credit Party, may obtain relief against such ABL Secured Party or Exit Convertible Notes Secured Party, as applicable,
by injunction, specific performance and/or other appropriate equitable relief, it being understood and agreed by each of the ABL Representative on behalf of each ABL Secured Party and the Exit Convertible Notes Representative on behalf of each Exit
Convertible Notes Secured Party that (i) the ABL Secured Parties’ or Exit Convertible Notes Secured Parties’, as applicable, damages from its actions may at that time be difficult to ascertain and may be irreparable, and
(ii) each Exit Convertible Notes Secured Party or ABL Secured Party, as applicable, waives any defense that the Credit Parties and/or the Exit Convertible Notes Secured Parties and/or ABL Secured Parties, as applicable, cannot demonstrate
damage and/or be made whole by the awarding of damages. 

  
 17 

 SECTION 4. Application of Proceeds of Senior Collateral;
Dispositions and Releases of Lien; Notices and Insurance. 
 4.1 Application of Proceeds. 

(a) Application of Proceeds of Senior Collateral. The Senior Representative and Junior Representative hereby agree that all Senior
Collateral, and all Proceeds thereof, received by either of them in connection with the collection, sale or disposition of Senior Collateral pursuant to any Enforcement Action or during any Insolvency Proceeding shall be applied, 

first, to the payment of fees, costs and expenses (including reasonable attorneys fees and expenses and court costs) of
the Senior Representative in connection with such Enforcement Action or Insolvency Proceeding, 
 second, to the
payment of the Senior Obligations in accordance with the Senior Documents until the Senior Obligations Payment Date, 

third, to the payment of fees, costs and expenses of the Junior Representative in connection with any Enforcement Action
or Insolvency Proceeding, 
 fourth, to the payment of the Junior Obligations in accordance with the terms thereof,
and 
 fifth, the balance, if any, to the Credit Parties or to whosoever may be lawfully entitled to receive the same
or as a court of competent jurisdiction may direct. 
 All Proceeds of any sale of a Credit Party as a whole, or substantially all of the
assets of any Credit Party where the consideration received is not allocated by type of asset, in connection with or resulting from any Enforcement Action, and whether or not pursuant to an Insolvency Proceeding, shall be distributed as follows
under clause “second” above after payment of the amounts under clause “first” above: first to the ABL Representative for application to the ABL Obligations in accordance with the terms of the ABL Documents, up to the
amount of the book value at the time of the sale of the Collateral disposed of in such sale or owned by such Credit Party (in the case of a sale of such Credit Party as a whole), and second to the Exit Convertible Notes Representative for
application to the Exit Convertible Notes Obligations in accordance with the terms of the Exit Convertible Notes Documents to the extent such Proceeds exceed the book value at the time of the sale of such Collateral (it being understood that book
value shall be determined after giving effect to the applicable purchase). 
 (b) Limited Obligation or Liability. In exercising
remedies, whether as a secured creditor or otherwise, the Senior Representative shall have no obligation or liability to the Junior Representative or to any Junior Secured Party, regarding the adequacy of any Proceeds or for any action or omission,
save and except solely for an action or omission that breaches the express obligations undertaken by each party under the terms of this Agreement. 

(c) Segregation of Collateral. Until the occurrence of the Senior Obligations Payment Date, any (i) Senior Collateral,
(ii) proceeds of Senior Collateral or (iii) payments in respect of Senior Collateral that may be received or controlled by any Junior Secured Party for any reason (including by the exercise of any rights available to such Junior Secured
Party under any applicable law or in an Insolvency Proceeding) shall, when known by a responsible officer of the Junior Representative or upon the Junior Representative 

  
 18 

 
receiving notice of such possession or control from the Senior Representative, be segregated and held in trust and promptly paid over to the Senior Representative, for the benefit of the Senior
Secured Parties, in the same form as received, with any necessary endorsements, and each Junior Secured Party hereby authorizes the Senior Representative to make any such endorsements as agent for the Junior Representative (which authorization,
being coupled with an interest, is irrevocable). Each Junior Secured Party agrees that if, at any time, it receives notice or obtains actual knowledge that all or part of any payment with respect to the Senior Obligations previously made shall be
rescinded for any reason whatsoever, such Junior Secured Party shall promptly pay over to the Senior Representative any payment received by it and then in its possession or under its control in respect of any Senior Collateral and shall promptly
turn over any Senior Collateral then held by it over to the Senior Representative, and the provisions set forth in this Agreement shall be reinstated as if such payment had not been made, until the payment and satisfaction in full of the Senior
Obligations. 
 4.2 Releases of Liens. Upon any release, sale or disposition of Senior Collateral permitted pursuant to the terms of
the Senior Documents that results in the release of the Senior Lien on any Senior Collateral (including any sale or other disposition pursuant to any Enforcement Action) (other than release of the Senior Lien due to the occurrence of the Senior
Obligations Payment Date except as a result of such Enforcement Action), the Junior Lien on such Senior Collateral (excluding any portion of the proceeds of such Senior Collateral remaining after the Senior Obligations Payment Date occurs) shall be
automatically and unconditionally released with no further consent or action of any Person. The Junior Representative shall, without any representation or warranty of any kind (express or implied), promptly execute and deliver such release documents
and instruments and shall take such further actions as the Senior Representative shall request to evidence any release of the Junior Lien described in this Section 4.2. The Junior Representative hereby appoints the Senior
Representative and any officer or duly authorized person of the Senior Representative, with full power of substitution, as its true and lawful attorney-in-fact with full
irrevocable power of attorney in the place and stead of the Junior Representative and in the name of the Junior Representative or in the Senior Representative’s own name, from time to time, in the Senior Representative’s sole discretion,
for the purposes of carrying out the terms of this Section 4.2, to take any and all appropriate action and to execute and deliver any and all documents and instruments as may be necessary or desirable to accomplish the
purposes of this Section 4.2, including any financing statements, endorsements, assignments, releases or other documents or instruments of transfer (which appointment, being coupled with an interest, is irrevocable). 

4.3 Certain Real Property Notices; Insurance. 

(a) The Exit Convertible Notes Representative shall give the ABL Representative at least forty-five (45) days’ notice prior to
commencing any Enforcement Action against any Real Property owned by any Credit Party at which ABL Priority Collateral is stored or otherwise located or to dispossess any Credit Party from any such Real Property. 

(b) Proceeds of Collateral include insurance proceeds and therefore the Lien Priority shall govern the ultimate disposition of casualty
insurance proceeds. The ABL Representative shall have the sole and exclusive right, as against the Exit Convertible Notes Representative, to adjust settlement of insurance claims in the event of any covered loss, theft or destruction of ABL Priority
Collateral. The Exit Convertible Notes Representative shall have the sole and exclusive right, as against the ABL Representative, to adjust settlement of insurance claims in the event of any covered loss, theft or destruction of Exit Convertible
Notes Priority Collateral. All proceeds of such insurance shall be remitted to the ABL Representative or the Exit Convertible Notes Representative, as the case may be, and each of the Exit Convertible Notes Representative and ABL Representative
shall cooperate (if necessary) in a reasonable manner in effecting the payment of insurance proceeds in accordance with Section 4.1. 

  
 19 

 SECTION 5. Insolvency Proceedings. 

5.1 Filing of Motions.Until the Senior Obligations Payment Date has occurred, the Junior Representative agrees on behalf of itself and
the other Junior Secured Parties that no Junior Secured Party shall, in or in connection with any Insolvency Proceeding, file any pleadings or motions, take any position at any hearing or proceeding of any nature, or otherwise take any action
whatsoever, in each case in respect of any of the Senior Collateral, including, without limitation, with respect to the determination of any Liens or claims held by the Senior Representative (including the validity and enforceability thereof) or any
other Senior Secured Party in respect of any Senior Collateral or the value of any claims of such parties under Section 506(a) of the Bankruptcy Code or otherwise; provided that the Junior Representative may (i) file a proof of claim in an
Insolvency Proceeding, and (ii) file any necessary responsive or defensive pleadings in opposition of any motion or other pleadings made by any Person objecting to or otherwise seeking the disallowance of any Person objecting to or otherwise
seeking the disallowance of the claims of the Junior Secured Parties on the Senior Collateral, subject to the limitations contained in this Agreement and only if consistent with the terms and the limitations on the Junior Representative imposed
hereby. 
 5.2 Financing Matters. 

(a) If any Credit Party becomes subject to any Insolvency Proceeding in the United States at any time prior to the ABL Obligations Payment
Date, and if the ABL Representative or the other ABL Secured Parties desire to consent (or not object) to the use of cash collateral under the Bankruptcy Code or to provide financing to any Credit Party under the Bankruptcy Code or to consent (or
not object) to the provision of such financing to any Credit Party by any third party (any such financing, “ABL DIP Financing”), then the Exit Convertible Notes Representative agrees, on behalf of itself and the other Exit
Convertible Notes Secured Parties, that each Exit Convertible Notes Secured Party (a) will be deemed to have consented to, will raise no objection to, nor support any other Person objecting to, the use of such cash collateral or to such ABL DIP
Financing on the grounds of a failure to provide “adequate protection” for the Exit Convertible Notes Representative’s Lien on the Collateral to secure the Exit Convertible Notes Obligations or on any other grounds (and will not
request any adequate protection solely as a result of such ABL DIP Financing) and (b) will subordinate (and will be deemed hereunder to have subordinated) the Exit Convertible Notes Liens on any ABL Priority Collateral (i) to such ABL DIP
Financing on the same terms as the ABL Liens are subordinated thereto (and such subordination will not alter in any manner the terms of this Agreement), (ii) to any adequate protection provided to the ABL Secured Parties and (iii) to any “carve-out” agreed to by the ABL Representative or the other ABL Secured Parties, so long as (w) the Exit Convertible Notes Representative retains its Lien on the Collateral to secure the Exit
Convertible Notes Obligations (in each case, including Proceeds thereof arising after the commencement of the case under the Bankruptcy Code) and, as to the Exit Convertible Notes Priority Collateral only, such Lien has the same priority as existed
prior to the commencement of the case under the Bankruptcy Code and any Lien securing such ABL DIP Financing is junior and subordinate to the Lien of the Exit Convertible Notes Representative on the Exit Convertible Notes Priority Collateral,
(x) all Liens on ABL Priority Collateral securing any such ABL DIP Financing shall be senior to or on a parity with the Liens of the ABL Representative and the ABL Lenders securing the ABL Obligations on ABL Priority Collateral, (y) if the
ABL Representative receives a replacement or adequate protection Lien on post-petition assets of the debtor to secure the ABL Obligations, and such replacement or adequate protection Lien is on any of the Exit Convertible Notes Priority Collateral,
(1) such replacement or adequate protection Lien on such post-petition assets which are part of the Exit Convertible Notes Priority Collateral (the “Notes Post-Petition Assets”) is junior and subordinate to the Lien in favor of
the Exit Convertible Notes Representative on the Exit Convertible Notes Priority Collateral and (2) the Exit Convertible Notes Representative also receives a replacement or adequate protection Lien on such Notes Post-Petition Assets of the
debtor to secure the Exit Convertible Notes Obligations and (z) the aggregate principal amount of such ABL DIP Financing (including any undrawn portion of the revolving commitments thereunder, and including the face amount of any letters of

  
 20 

 
credit issued and not reimbursed under such ABL DIP Financing), together with the aggregate outstanding principal amount of indebtedness and unfunded commitments under the ABL Agreement (which
shall be calculated without regard to any reduction or termination resulting from any Insolvency Proceeding), does not exceed 110% of the aggregate outstanding principal amount of indebtedness and unfunded commitments (without giving effect to any
termination of commitments resulting from an event of default under the ABL Agreement) under the ABL Agreement immediately prior to the incurrence of such ABL DIP Financing. In no event will any of the ABL Secured Parties seek to obtain a priming
Lien on any of the Exit Convertible Notes Priority Collateral and nothing contained herein shall be deemed to be a consent by Exit Convertible Notes Secured Parties to any adequate protection payments using Exit Convertible Notes Priority
Collateral. 
 (b) If any Credit Party becomes subject to any Insolvency Proceeding in the United States at any time prior to the Exit
Convertible Notes Obligations Payment Date, and if the Exit Convertible Notes Representative or the other Exit Convertible Notes Secured Parties desire to consent (or not object) to provide financing to any Credit Party under the Bankruptcy Code or
to consent (or not object) to the provision of such financing to any Credit Party by any third party (any such financing, “Exit Convertible Notes DIP Financing”), then the ABL Representative agrees, on behalf of itself and the other
ABL Secured Parties, that each ABL Secured Party (a) will be deemed to have consented to, will raise no objection to, nor support any other Person objecting to such Exit Convertible Notes DIP Financing on the grounds of a failure to provide
“adequate protection” for the ABL Representative’s Lien on the Collateral to secure the ABL Obligations or on any other grounds (and will not request any adequate protection solely as a result of such Exit Convertible Notes DIP
Financing) and (b) will subordinate (and will be deemed hereunder to have subordinated) the ABL Liens on any Exit Convertible Notes Priority Collateral (i) to such Exit Convertible Notes DIP Financing on the same terms as the Exit
Convertible Notes Liens are subordinated thereto (and such subordination will not alter in any manner the terms of this Agreement), (ii) to any adequate protection provided to the Exit Convertible Notes Secured Parties and (iii) to any “carve-out” agreed to by the Exit Convertible Notes Representative or the other Exit Convertible Notes Secured Parties, so long as (w) the ABL Representative retains its Lien on the Collateral to
secure the ABL Obligations (in each case, including Proceeds thereof arising after the commencement of the case under the Bankruptcy Code) and, as to the ABL Priority Collateral only, such Lien has the same priority as existed prior to the
commencement of the case under the Bankruptcy Code and any Lien securing such Exit Convertible Notes DIP Financing is junior and subordinate to the Lien of the ABL Representative on the ABL Priority Collateral, (x) all Liens on Exit Convertible
Notes Priority Collateral securing any such Exit Convertible Notes DIP Financing shall be senior to or on a parity with the Liens of the Exit Convertible Notes Representative and the Exit Convertible Notes Lenders securing the Exit Convertible Notes
Obligations on Exit Convertible Notes Priority Collateral, (y) if the Exit Convertible Notes Representative receives a replacement or adequate protection Lien on post-petition assets of the debtor to secure the Exit Convertible Notes
Obligations, and such replacement or adequate protection Lien is on any of the ABL Priority Collateral, (1) such replacement or adequate protection Lien on such post-petition assets which are part of the ABL Priority Collateral (the
“ABL Post-Petition Assets”) is junior and subordinate to the Lien in favor of the ABL Representative on the ABL Priority Collateral and (2) the ABL Representative also receives a replacement or adequate protection Lien on such
ABL Post-Petition Assets of the debtor to secure the ABL Obligations and (z) the aggregate principal amount of such Exit Convertible Notes DIP Financing (including any undrawn portion of the revolving commitments thereunder, and including the
face amount of any letters of credit issued and not reimbursed under such Exit Convertible Notes DIP Financing), together with the aggregate outstanding principal amount of indebtedness and unfunded commitments under the Exit Convertible Notes
Indenture (which shall be calculated without regard to any reduction or termination resulting from any Insolvency Proceeding), does not exceed 110% of the aggregate outstanding principal amount of indebtedness and unfunded commitments (without
giving effect to any termination of commitments resulting from an event of default under the Exit Convertible Notes) under the Exit Convertible Notes Indenture immediately prior to the incurrence of such Exit Convertible Notes DIP

  
 21 

 
Financing. In no event will any of the Exit Convertible Notes Secured Parties seek to obtain a priming Lien on any of the ABL Priority Collateral, and nothing contained herein shall be deemed to
be a consent by the ABL Secured Parties to any adequate protection payments using ABL Priority Collateral. 
 (c) All Liens granted to the
Exit Convertible Notes Representative or the ABL Representative in any Insolvency Proceeding, whether as adequate protection or otherwise, are intended to be and shall be deemed to be subject to the Lien Priority and the other terms and conditions
of this Agreement. 
 5.3 Relief From the Automatic Stay. Until the ABL Obligations Payment Date, the Exit Convertible Notes
Representative agrees, on behalf of itself and the other Exit Convertible Notes Secured Parties, that none of them will seek relief from the automatic stay or from any other stay in any Insolvency Proceeding or take any action in derogation thereof,
in each case in respect of any ABL Priority Collateral, without the prior written consent of the ABL Representative. Until the Exit Convertible Notes Obligations Payment Date, the ABL Representative agrees, on behalf of itself and the other ABL
Secured Parties, that none of them will seek relief from the automatic stay or from any other stay in any Insolvency Proceeding or take any action in derogation thereof, in each case in respect of any Exit Convertible Notes Priority Collateral,
without the prior written consent of the Exit Convertible Notes Representative. In addition, neither the Exit Convertible Notes Representative nor the ABL Representative shall seek any relief from the automatic stay with respect to any Collateral
without providing thirty (30) days’ prior written notice to the other, unless otherwise agreed by both the ABL Representative and the Exit Convertible Notes Representative. 

5.4 Adequate Protection. (a) The Exit Convertible Notes Representative, on behalf of itself and the other Exit Convertible Notes
Secured Parties, agrees that, prior to the ABL Obligations Payment Date, so long as the ABL Representative and the other ABL Secured Parties comply with Section 5.4(b), none of them shall object, contest, or support any
other Person objecting to or contesting, (i) any request by the ABL Representative or the other ABL Secured Parties for adequate protection of its interest in the Collateral or any adequate protection provided to the ABL Representative or the
other ABL Secured Parties, (ii) any objection by the ABL Representative or any other ABL Secured Parties to any motion, relief, action or proceeding based on a claim of a lack of adequate protection in the Collateral or (iii) the periodic
payment of amounts equal to interest, fees, expenses or other amounts provided to the ABL Representative or any other ABL Secured Party as adequate protection of its interest in the Collateral; provided that any action described in the foregoing
clauses (i) through (iii) does not violate Section 5.2. The Exit Convertible Notes Representative, on behalf of itself and the other Exit Convertible Notes Secured Parties, further agrees that, prior to the ABL
Obligations Payment Date, none of them shall support any other Person asserting or enforcing any claim under Section 506(c) of the Bankruptcy Code or otherwise that is senior to or on a parity with the ABL Liens for costs or expenses of
preserving or disposing of any ABL Priority Collateral. Notwithstanding anything to the contrary set forth in this Section and Section 5.2(a)(i)(y), but subject to all other provisions of this Agreement (including
Section 5.2(a)(i)(x) and Section 5.3), in any Insolvency Proceeding, if the ABL Secured Parties (or any subset thereof) are granted adequate protection consisting of additional collateral that
constitutes ABL Priority Collateral (with replacement liens on such additional collateral) and superpriority claims in connection with any ABL DIP Financing or use of cash collateral, and the ABL Secured Parties do not object to the adequate
protection being provided to them, then in connection with any such ABL DIP Financing or use of cash collateral the Exit Convertible Notes Representative, on behalf of itself and any of the Exit Convertible Notes Secured Parties, may, as adequate
protection of their interests in the ABL Priority Collateral, seek or accept (and the ABL Representative and the ABL Secured Parties shall not object to) adequate protection consisting solely of (x) a replacement Lien on the same additional
collateral, subordinated to the Liens securing the ABL Obligations and such ABL DIP Financing on the same basis as the other Exit Convertible Notes Liens on the ABL Priority Collateral are so subordinated to the ABL Obligations under this Agreement
and (y) superpriority claims junior in all respects to the superpriority claims granted to the ABL Secured Parties; provided, however, that the Exit 

  
 22 

 
Convertible Notes Representative shall have irrevocably agreed, pursuant to Section 1129(a)(9) of the Bankruptcy Code, on behalf of itself and the Exit Convertible Notes Secured Parties, in
any stipulation and/or order granting such adequate protection, that such junior superpriority claims may be paid under any plan of reorganization in any combination of cash, debt, equity or other property having a value on the effective date of
such plan equal to the allowed amount of such claims. 
 (b) The ABL Representative, on behalf of itself and the other ABL Secured Parties,
agrees that, prior to the Exit Convertible Notes Obligations Payment Date, so long as the Exit Convertible Notes Representative and the other Exit Convertible Notes Secured Parties comply with Section 5.4(a), none of them
shall object, contest, or support any other Person objecting to or contesting, (i) any request by the Exit Convertible Notes Representative or the other Exit Convertible Notes Secured Parties for adequate protection of its interest in the
Collateral or any adequate protection provided to the Exit Convertible Notes Representative or the other Exit Convertible Notes Secured Parties, (ii) any objection by the Exit Convertible Notes Representative or any other Exit Convertible Notes
Secured Parties to any motion, relief, action or proceeding based on a claim of a lack of adequate protection in the Collateral or (iii) the periodic payment of amounts equal to interest, fees, expenses or other amounts provided to the Exit
Convertible Notes Representative or any other Exit Convertible Notes Secured Party as adequate protection of its interest in the Collateral; provided that any action described in the foregoing clauses (i) through (iii) does not violate
Section 5.2. The ABL Representative, on behalf of itself and the other ABL Secured Parties, further agrees that, prior to the Exit Convertible Notes Obligations Payment Date, none of them shall support any other Person
asserting or enforcing any claim under Section 506(c) of the Bankruptcy Code or otherwise that is senior to or on a parity with the Exit Convertible Notes Liens for costs or expenses of preserving or disposing of any Exit Convertible Notes
Priority Collateral. Notwithstanding anything to the contrary set forth in this Section and in Section 5.2(b)(i)(y), but subject to all other provisions of this Agreement (including
Section 5.2(b)(i)(x) and Section 5.3), in any Insolvency Proceeding, if the Exit Convertible Notes Secured Parties (or any subset thereof) are granted adequate protection consisting of additional
collateral that constitutes Exit Convertible Notes Priority Collateral (with replacement liens on such additional collateral) and superpriority claims in connection with any Exit Convertible Notes DIP Financing or use of cash collateral, and the
Exit Convertible Notes Secured Parties do not object to the adequate protection being provided to them, then in connection with any such Exit Convertible Notes DIP Financing or use of cash collateral the ABL Representative, on behalf of itself and
any of the ABL Secured Parties, may, as adequate protection of their interests in the Exit Convertible Notes Priority Collateral, seek or accept (and the Exit Convertible Notes Representative and the Exit Convertible Notes Secured Parties shall not
object to) adequate protection consisting solely of (x) a replacement Lien on the same additional collateral, subordinated to the Liens securing the Exit Convertible Notes Obligations and such Exit Convertible Notes DIP Financing on the same
basis as the other ABL Liens on the Exit Convertible Notes Priority Collateral are so subordinated to the Exit Convertible Notes Obligations under this Agreement and (y) superpriority claims junior in all respects to the superpriority claims
granted to the Exit Convertible Notes Secured Parties; provided, however, that the ABL Representative shall have irrevocably agreed, pursuant to Section 1129(a)(9) of the Bankruptcy Code, on behalf of itself and the ABL Secured Parties, in any
stipulation and/or order granting such adequate protection, that such junior superpriority claims may be paid under any plan of reorganization in any combination of cash, debt, equity or other property having a value on the effective date of such
plan equal to the allowed amount of such claims. 
 5.5 No Contest. The Junior Representative, on behalf of itself and the Junior
Secured Parties, agrees that, prior to the Senior Obligations Payment Date, none of them shall contest (or support any other Person contesting) (a) any request by the Senior Representative or any Senior Secured Party for adequate protection of
its interest in the Senior Collateral (unless in contravention of Section 5.2(a) or (b), as applicable), or (b) any objection by the Senior Representative or any Senior Secured Party to any motion, relief,
action, or proceeding based on a claim by the Senior Representative or any Senior Secured Party that its interests in the Senior Collateral (unless in contravention of Section 5.2(a) or (b), as applicable) are not
adequately protected (or any other similar request under any law applicable to an Insolvency Proceeding), so long as any Liens granted to the Senior Representative as adequate protection of its interests are subject to this Agreement. 

  
 23 

 5.6 Avoidance Issues. If any Senior Secured Party is required in any Insolvency
Proceeding or otherwise to disgorge, turn over or otherwise pay to the estate of any Credit Party, because such amount was avoided or ordered to be paid or disgorged for any reason, including because it was found to be a fraudulent or preferential
transfer, any amount in respect of Senior Obligations (a “Recovery”), whether received as proceeds of security, enforcement of any right of set-off or otherwise, then the Senior Obligations
shall be reinstated to the extent of such Recovery and deemed to be outstanding as if such payment had not occurred and the Senior Obligations Payment Date shall be deemed not to have occurred. If this Agreement shall have been terminated prior to
such Recovery, this Agreement shall be reinstated in full force and effect, and such prior termination shall not diminish, release, discharge, impair or otherwise affect the obligations of the parties hereto. The Junior Secured Parties agree that
none of them shall be entitled to benefit from any avoidance action affecting or otherwise relating to any distribution or allocation made in accordance with this Agreement, whether by preference or otherwise, it being understood and agreed that the
benefit of such avoidance action otherwise allocable to them shall instead be allocated and turned over for application in accordance with the priorities set forth in this Agreement. 

5.7 Asset Dispositions in an Insolvency Proceeding. Neither the Junior Representative nor any other Junior Secured Party shall, in an
Insolvency Proceeding or otherwise, oppose any sale or disposition of any Senior Collateral that is supported by the Senior Secured Parties, and the Junior Representative and each other Junior Secured Party will be deemed to have consented under
Section 363 of the Bankruptcy Code (and otherwise) to any sale of any Senior Collateral supported by the Senior Secured Parties and to have released their Liens on such assets so long as the Lien of each Secured Party attaches to the proceeds
of any such sale with the same Lien Priority as provided under this Agreement in respect of such Senior Collateral; provided that this Section 5.7 shall not apply to any case of a sale or disposition of Real Property
unless the ABL Representative has received at least forty-five (45) days’ prior notice of the consummation of any such sale. 
 5.8
Other Matters. To the extent that the Senior Representative or any Senior Secured Party has or acquires rights under Section 363 or Section 364 of the Bankruptcy Code with respect to any of the Junior Collateral, the Senior
Representative agrees, on behalf of itself and the other Senior Secured Parties, not to assert any of such rights without the prior written consent of the Junior Representative; provided that if requested by the Junior Representative, the
Senior Representative shall timely exercise such rights in the manner requested by the Junior Representative, including any rights to payments in respect of such rights. 

5.9 Post-Petition Interest. Neither the Junior Representative nor any Junior Secured Party shall oppose or seek to challenge any claim
by the Senior Representative or any other Senior Secured Party for allowance in any Insolvency Proceeding of Senior Obligations consisting of Post-Petition Interest to the extent of the value of the Liens in favor of the Senior Representative and
the other Senior Secured Parties, without regard to the existence of the Liens of the Junior Representative on behalf of the Junior Secured Parties on the Collateral. 

5.10 Effectiveness in Insolvency Proceedings. This Agreement, which the parties hereto expressly acknowledge is a “subordination
agreement” under Section 510(a) of the Bankruptcy Code, shall be effective before, during and after the commencement of an Insolvency Proceeding. 

  
 24 

 SECTION 6. Exit Convertible Notes Documents and ABL Documents.

 (a) Each Credit Party and the Exit Convertible Notes Representative, on behalf of itself and the Exit Convertible Notes Secured Parties,
agrees that it shall not at any time execute or deliver any amendment or other modification to any of the Exit Convertible Notes Documents inconsistent with or in violation of this Agreement. 

(b) Each Credit Party and the ABL Representative, on behalf of itself and the ABL Secured Parties, agrees that it shall not at any time execute
or deliver any amendment or other modification to any of the ABL Documents inconsistent with or in violation of this Agreement. 
 (c) In the
event the Senior Representative enters into any amendment, waiver or consent in respect of any of the Senior Security Documents which is not materially adverse to the Junior Secured Parties for the purpose of adding to, or deleting from, or waiving
or consenting to any departures from any provisions of, any Senior Security Document or changing in any manner the rights of any parties thereunder, in each case solely with respect to any Senior Collateral, then such amendment, waiver or consent
shall apply automatically to any comparable provision of the Comparable Security Document without the consent of or action by any Junior Secured Party (with all such amendments, waivers and modifications subject to the terms hereof); provided
that, (i) no such amendment, waiver or consent shall have the effect of removing assets subject to the Lien of any Junior Security Document, except to the extent that a release of such Lien is permitted by Section 4.2,
(ii) any such amendment, waiver or consent that adversely affects the rights of the Junior Secured Parties and does not affect the Senior Secured Parties in a like or similar manner shall not be made without the consent of the Junior Representative,
(iii) no such amendment, waiver or consent with respect to any provision applicable to the Junior Representative under the Junior Documents shall be made without the prior written consent of the Junior Representative and (iv) notice of
such amendment, waiver or consent shall be given to the Junior Representative no later than thirty (30) days after its effectiveness; provided that the failure to give such notice shall not affect the effectiveness and validity thereof.

 SECTION 7. Purchase Options. 

7.1 Notice of Exercise. (a) If (i) an “Event of Default” under the ABL Documents remains uncured or unwaived for at least
forty-five (45) consecutive days and the requisite ABL Creditors have not agreed to forbear from the exercise of remedies (or, if earlier, within five (5) Business Days after the ABL Representative notifies the Exit Convertible Notes
Representative that it (on behalf of the ABL Creditors) shall exercise remedies) or (ii) any of the ABL Obligations have been accelerated in accordance with the terms of the ABL Documents as a result of an “Event of Default”
thereunder, all or a portion of the Exit Convertible Noteholders (but excluding the Exit Convertible Notes Representative), acting as a single group, shall have the option at any time upon five (5) Business Days’ prior written notice to
the ABL Representative to purchase all (but not less than all) of the ABL Obligations (including unfunded commitments, if any, under the ABL Documents) from the ABL Secured Parties. Such notice from such Exit Convertible Noteholders to the ABL
Representative shall be irrevocable. 
 (b) If (i) an “Event of Default” under the Exit Convertible Notes Documents remains
uncured or unwaived for at least forty-five (45) consecutive days and the requisite Exit Convertible Noteholders have not agreed to forbear from the exercise of remedies (or, if earlier, within five (5) Business Days after the Exit
Convertible Notes Representative notifies the ABL Representative that it (on behalf of the Exit Convertible Noteholders) shall exercise remedies) or (ii) any of the Exit Convertible Notes Obligations have been accelerated in accordance with the
terms of the Exit Convertible Notes Documents as a result of an “Event of Default” thereunder, all or a portion of the ABL Creditors, acting as a single group, shall have the option at any time upon five (5) Business Days’ prior
written notice to the Exit Convertible Noteholders 

  
 25 

 
to purchase all (but not less than all) of the Exit Convertible Notes Obligations (including unfunded commitments, if any, under the Exit Convertible Notes Documents) from the Exit Convertible
Noteholders. Such notice from such ABL Creditors to Exit Convertible Notes Representative shall be irrevocable. 
 7.2 Purchase and
Sale. (a) On the date specified by the relevant Exit Convertible Noteholders in the notice contemplated by Section 7.1(a) above (which shall not be less than five (5) Business Days, nor more than twenty
(20) calendar days, after the receipt by the ABL Representative of the notice of the relevant Exit Convertible Noteholders’ election to exercise such option), the ABL Creditors shall sell to the relevant Exit Convertible Noteholders, and
the relevant Exit Convertible Noteholders shall purchase from the ABL Lenders, the ABL Obligations (including unfunded commitments, if any, under the ABL Documents), provided that, the ABL Representative and the ABL Secured Parties shall
retain all rights to be indemnified or held harmless by the Credit Parties in accordance with the terms of the ABL Documents but shall not retain any rights to the security therefor. 

(b) On the date specified by the relevant ABL Creditors in the notice contemplated by Section 7.1(b) above (which
shall not be less than five (5) Business Days, nor more than twenty (20) calendar days, after the receipt by the Exit Convertible Notes Representative of the notice of the relevant ABL Creditors’ election to exercise such option), the
Exit Convertible Noteholders shall sell to the relevant ABL Creditors, and the relevant ABL Creditors shall purchase from the Exit Convertible Noteholders, the Exit Convertible Notes Obligations (including unfunded commitments, if any, under the
Exit Convertible Notes Documents), provided that, the Exit Convertible Notes Representative and the other Exit Convertible Notes Secured Parties shall retain all rights to be indemnified or held harmless by the Credit Parties in accordance
with the terms of the Exit Convertible Notes Documents but shall not retain any rights to the security therefor. 
 7.3 Payment of
Purchase Price. Upon the date of such purchase and sale contemplated by Section 7.1(a) and Section 7.1(b) above, the relevant Exit Convertible Notes Secured Parties or the relevant ABL Secured
Parties, as applicable, shall (a) pay to the ABL Representative for the benefit of the ABL Secured Parties (with respect to a purchase of the ABL Obligations) or to the applicable Exit Convertible Notes Secured Parties (with respect to a
purchase of the Exit Convertible Notes Obligations) as the purchase price therefor the full amount of all the ABL Obligations or Exit Convertible Notes Obligations, as applicable, then outstanding and unpaid (including principal, interest, fees and
expenses, including reasonable attorneys’ fees and legal expenses but specifically excluding any prepayment premium, termination or similar fees), (b) furnish cash collateral to the ABL Representative or the Exit Convertible Notes
Representative in a manner and in such amounts as is reasonably necessary to secure the ABL Representative and the ABL Secured Parties or the Exit Convertible Notes Representative and the Exit Convertible Notes Secured Parties, along with the
applicable letter of credit issuing banks and applicable affiliates in connection with any issued and outstanding letters of credit (not to exceed 105% of the aggregate undrawn face amount of such letters of credit) and cash management obligations
secured by the ABL Documents or the Exit Convertible Notes Documents, and (c) with respect to Secured Obligations in respect of Swap Agreements and Banking Services Obligations, furnish cash collateral to the ABL Representative or the Exit
Convertible Notes Representative in the amount that would be payable by the relevant Credit Party thereunder if it were to terminate such Swap Agreements or agreements governing such Banking Services Obligations on the date of such purchase. Such
purchase price and cash collateral shall be remitted by wire transfer in federal funds to such bank account as the ABL Representative or the applicable Exit Convertible Notes Secured Parties, as applicable, may designate in writing for such purpose.

 7.4 Limitation on Representations and Warranties. Such purchase shall be expressly made without representation or warranty of any
kind by any selling party (or the ABL Representative or the Exit Convertible Notes Representative, as applicable) and without recourse of any kind, except that the selling party shall represent and warrant (it being expressly agreed and acknowledged
that in no event shall the ABL Representative nor the Exit Convertible Notes Representative, in their capacities as agents for the 

  
 26 

 
applicable secured parties, be required to make any such representations and warranties, even if acting as the seller party): (a) the amount of the ABL Obligations or Exit Convertible Notes
Obligations, as applicable, being purchased from it, (b) that such ABL Secured Party or Exit Convertible Notes Secured Party, as applicable, owns the ABL Obligations or Exit Convertible Notes Obligations, as applicable, free and clear of any
Liens or encumbrances and (c) that such ABL Secured Party or Exit Convertible Notes Secured Party, as applicable, has the right to assign such ABL Obligations or Exit Convertible Notes Obligations, as applicable, and the assignment is duly
authorized. 
 SECTION 8. Reliance; Waivers; etc. 

8.1 Reliance. The ABL Documents are deemed to have been executed and delivered, and all extensions of credit thereunder are deemed to
have been made or incurred, in reliance upon this Agreement. The Exit Convertible Notes Representative, on behalf of it itself and the other Exit Convertible Notes Secured Parties, expressly waives all notice of the acceptance of and reliance on
this Agreement by the ABL Representative and the other ABL Secured Parties. The Exit Convertible Notes Documents are deemed to have been executed and delivered and all extensions of credit thereunder are deemed to have been made or incurred, in
reliance upon this Agreement. The ABL Representative, on behalf of itself and the other ABL Secured Parties, expressly waives all notices of the acceptance of and reliance on this Agreement by the Exit Convertible Notes Representative and the other
Exit Convertible Notes Secured Parties. 
 8.2 No Warranties or Liability. The Exit Convertible Notes Representative and the ABL
Representative acknowledge and agree that neither has made any representation or warranty with respect to the execution, validity, legality, completeness, collectibility or enforceability of any other ABL Document or any Exit Convertible Notes
Document. Except as otherwise provided in this Agreement, the Exit Convertible Notes Representative, on behalf of the Exit Convertible Noteholders, and the ABL Representative will be entitled to manage and supervise the respective extensions of
credit to any Credit Party in accordance with law and their usual practices, modified from time to time as they deem appropriate. 
 8.3
No Waivers. No right or benefit of any party hereunder shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of such party or any other party hereto or by any noncompliance by any Credit Party with
the terms and conditions of any of the ABL Documents or the Exit Convertible Notes Documents. 

SECTION 9. Obligations Unconditional. All rights, interests, agreements and obligations hereunder of the
Senior Representative and the Senior Secured Parties in respect of any Collateral and the Junior Representative and the Junior Secured Parties in respect of such Collateral shall remain in full force and effect regardless of: 

(a) any lack of validity or enforceability of any Senior Document or any Junior Document and regardless of whether the Liens of the Senior
Representative and Senior Secured Parties are not perfected or are voidable for any reason; 
 (b) any change in the time, manner or place of
payment of, or in any other terms of, all or any of the Senior Obligations or Junior Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms
of any Senior Document or any Junior Document; 
 (c) any exchange, release or lack of perfection of any Lien on any Collateral or any other
asset, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the Senior Obligations or Junior Obligations or any guarantee thereof; 

  
 27 

 (d) the commencement of any Insolvency Proceeding in respect of any Credit Party; or 

(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, any Credit Party in respect of any
Secured Obligation or of any Junior Secured Party in respect of this Agreement. 
 SECTION 10. Miscellaneous.

 10.1 Rights of Subrogation. The Exit Convertible Notes Representative, for and on behalf of itself and the Exit Convertible Notes
Secured Parties, agrees that no payment to the ABL Representative or any ABL Secured Party pursuant to the provisions of this Agreement shall entitle the Exit Convertible Notes Representative or any Exit Convertible Notes Secured Party to exercise
any rights of subrogation in respect thereof until the ABL Obligations Payment Date. Following the ABL Obligations Payment Date, the ABL Representative agrees to execute such documents, agreements, and instruments as the Exit Convertible Notes
Representative or any Exit Convertible Notes Secured Party may reasonably request to evidence the transfer by subrogation to any such Person of an interest in the ABL Obligations resulting from payments to the ABL Representative by such Person, so
long as all costs and expenses (including all reasonable legal fees and disbursements) incurred in connection therewith by the ABL Representative are paid by the Credit Parties upon request for payment thereof. The ABL Representative, for and on
behalf of itself and the ABL Secured Parties, agrees that no payment to the Exit Convertible Notes Representative or any Exit Convertible Notes Secured Party pursuant to the provisions of this Agreement shall entitle the ABL Representative or any
ABL Secured Party to exercise any rights of subrogation in respect thereof until the Exit Convertible Notes Obligations Payment Date. Following the Exit Convertible Notes Obligations Payment Date, the Exit Convertible Notes Representative agrees to
execute such documents, agreements, and instruments as the ABL Representative or any ABL Secured Party may reasonably request to evidence the transfer by subrogation to any such Person of an interest in the Exit Convertible Notes Obligations
resulting from payments to the Exit Convertible Notes Representative by such Person, so long as all costs and expenses (including all reasonable legal fees and disbursements) incurred in connection therewith by the Exit Convertible Notes
Representative are paid by the Credit Parties upon request for payment thereof. 
 10.2 Further Assurances. Each of the Exit
Convertible Notes Representative and the ABL Representative will, at any time and from time to time (at Borrower’s sole cost and expense), promptly execute and deliver all further instruments and documents, and take all further action, that may
be necessary or desirable, or that the other party may reasonably request, in order to protect any right or interest granted or purported to be granted hereby or to enable the ABL Representative or the Exit Convertible Notes Representative to
exercise and enforce its rights and remedies hereunder; provided, however, that no party shall be required to pay over any payment or distribution, execute any instruments or documents, or take any other action referred to in this
Section 10.2, to the extent that such action would contravene any law, order or other legal requirement or any of the terms or provisions of this Agreement, and in the event of a controversy or dispute, such party may
interplead any payment or distribution in any court of competent jurisdiction, without further responsibility in respect of such payment or distribution under this Section 10.2. 

10.3 Conflicts. In the event of any conflict between the provisions of this Agreement and the provisions of any ABL Document or any Exit
Convertible Notes Document, the provisions of this Agreement shall govern. 
 10.4 Continuing Nature of Provisions. Subject to
Section 5.5, this Agreement shall continue to be effective, and shall not be terminable by any party hereto, until the earlier of (a) the ABL Obligations Payment Date; provided that if a Replacement ABL
Agreement is entered into following such termination, the relevant Secured Parties agree to, upon the request of any Credit Party, restore this Agreement on the 

  
 28 

 
terms and conditions set forth herein until the earlier to occur of the next following Exit Convertible Notes Obligations Payment Date or ABL Obligations Payment Date and (b) the Exit
Convertible Notes Obligations Payment Date; provided that if a Replacement Notes Agreement is entered into following such termination, the relevant Secured Parties agree to, upon the request of any Credit Party, restore this Agreement on the
terms and conditions set forth herein until the earlier to occur of the next following ABL Obligations Payment Date or Exit Convertible Notes Obligations Payment Date. This is a continuing agreement and the ABL Secured Parties and the Exit
Convertible Notes Secured Parties may continue, at any time and without notice to the other parties hereto, to extend credit and other financial accommodations, lend monies and provide indebtedness to, or for the benefit of, any Credit Party on the
faith hereof. Upon receipt of a notice from the Credit Parties stating that the Credit Parties (or any of them) have entered into a Replacement ABL Agreement (which notice shall include the identity of the new ABL Representative, if applicable), the
Exit Convertible Notes Representative shall promptly (and in any event within 10 days of the applicable request, unless otherwise agreed by the ABL Representative or the new ABL Representative, as applicable) (i) enter into such documents and
agreements (including amendments or supplements to this Agreement) as the Credit Parties or the new ABL Representative shall reasonably request in order to provide to the new ABL Representative or the applicable new ABL Secured Parties the rights
contemplated hereby, in each case consistent in all material respects with the terms of this Agreement, (ii) deliver to the new ABL Representative any ABL Priority Collateral held by it, together with any necessary endorsements (or otherwise
allow the new ABL Representative to obtain control of such ABL Priority Collateral), and (iii) take such other actions as the Credit Parties or the new ABL Representative may reasonably request to provide the new ABL Representative or the
applicable ABL Secured Parties the benefits of this Agreement. The new ABL Representative shall agree in a writing addressed to the Exit Convertible Notes Representative to be bound by the terms of this Agreement. Upon receipt of a notice from the
Credit Parties stating that the Credit Parties (or any of them) have entered into a Replacement Notes Agreement (which notice shall include the identity of the new Exit Convertible Notes Representative, if applicable), the ABL Representative shall
promptly (and in any event within 10 days of the applicable request, unless otherwise agreed by the Exit Convertible Notes Representative or the new Exit Convertible Notes Representative, as applicable) (i) enter into such documents and
agreements (including amendments or supplements to this Agreement) as the Credit Parties or the new Exit Convertible Notes Representative shall reasonably request in order to provide to the new Exit Convertible Notes Representative or the applicable
new Exit Convertible Notes Secured Parties the rights contemplated hereby, in each case consistent in all material respects with the terms of this Agreement, (ii) deliver to the new Exit Convertible Notes Representative any Exit Convertible
Notes Priority Collateral held by it, together with any necessary endorsements (or otherwise allow the new Exit Convertible Notes Representative to obtain control of such Exit Convertible Notes Priority Collateral), and (iii) take such other
actions as the Credit Parties or the new Exit Convertible Notes Representative may reasonably request to provide the new Exit Convertible Notes Representative or the applicable Exit Convertible Notes Secured Parties the benefits of this Agreement.
The new Exit Convertible Notes Representative shall agree in a writing addressed to the ABL Representative to be bound by the terms of this Agreement. 

10.5 Amendments; Waivers; Refinancings. (a) No amendment or modification of or supplement to any of the provisions of this
Agreement shall be effective unless the same shall be in writing and signed by the ABL Representative (acting at the direction of the requisite ABL Creditors under the applicable ABL Agreement) and the Exit Convertible Notes Representative (acting
at the direction of the requisite Exit Convertible Noteholders), and, in the cases of amendments or modifications of or supplements to this Agreement that affect the rights or duties of any Credit Party, including amendments or modifications of
Section 3.5, 3.6, 4.1, 6, 10.4, 10.5, 10.7 or 10.8 that indirectly or directly affect the rights or duties of any Credit Party, the Borrower and such Credit Party. The ABL
Representative and the Exit Convertible Notes Representative shall notify the Credit Parties at the address specified in Schedule 10.9 to this Agreement of any amendment or modification of or supplement to any provisions of this Agreement
which does not need to be signed by a Credit Party and provide the Credit Parties with a copy of such amendment, modification or supplement. 

  
 29 

 (b) It is understood that the ABL Representative and the Exit Convertible Notes
Representative, without the consent of any other ABL Secured Party or Exit Convertible Notes Secured Party, may in their discretion determine that a supplemental agreement (which may take the form of an amendment and restatement of this Agreement)
is necessary or appropriate to facilitate having additional indebtedness or other obligations (“Additional Debt”) of any of the Credit Parties become ABL Obligations or Exit Convertible Notes Obligations, as the case may be, under
this Agreement, which supplemental agreement shall specify whether such Additional Debt constitutes ABL Obligations or Exit Convertible Notes Obligations, provided, that such Additional Debt is permitted to be incurred by the ABL Agreement
and Exit Convertible Notes Indenture then extant, and is permitted by said Agreements to be subject to the provisions of this Agreement as ABL Obligations or Exit Convertible Notes Obligations, as applicable. Notwithstanding anything to the contrary
herein, the Exit Convertible Notes Representative may condition its execution and delivery of any such supplemental agreement on a receipt of an Officer’s Certificate (as defined in the Exit Convertible Notes Indenture) of the Exit Convertible
Notes Issuer (as to which the Exit Convertible Notes Representative is entitled to conclusively rely without liability) to the effect that any such supplemental agreement is authorized or permitted by this Agreement and the other Exit Convertible
Notes Documents. 
 (c) The ABL Representative and the Exit Convertible Notes Representative may, but shall not be obligated to, enter into
any such amendment, modification or supplement that affects its or their own rights, duties, liabilities or immunities under this Agreement or otherwise. 

(d) The ABL Documents may be amended, supplemented, or otherwise modified in accordance with their terms in accordance with the terms of the
ABL Documents, in each case without notice to, or the consent of, the Exit Convertible Notes Representative, all without affecting the lien subordination or other provisions of this Agreement. 

(e) The Exit Convertible Notes Documents may be amended, supplemented, or otherwise modified in accordance with their terms in accordance with
the terms of the Exit Convertible Notes Documents, in each case without notice to, or the consent of, the ABL Representative, all without affecting the lien subordination or other provisions of this Agreement. 

10.6 Information Concerning Financial Condition of the Credit Parties. The Exit Convertible Notes Representative and the ABL
Representative hereby agree that no party shall have any duty to advise any other party of information known to it regarding the financial condition of the Credit Parties or any such circumstances (except as otherwise provided in the ABL Documents
and Exit Convertible Notes Documents). In the event the Exit Convertible Notes Representative or the ABL Representative, in its sole discretion, undertakes at any time or from time to time to provide any information to any other party to this
Agreement, it shall be under no obligation (a) to provide any such information to such other party or any other party on any subsequent occasion, (b) to undertake any investigation not a part of its regular business routine, or (c) to
disclose any other information. 
 10.7 Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAW OF
THE STATE OF NEW YORK. 
 10.8 Submission to Jurisdiction; JURY TRIAL WAIVER. (a) Each ABL Secured Party, each Exit Convertible Notes
Secured Party and each Credit Party hereby irrevocably and unconditionally submits, for itself and its property, to the exclusive jurisdiction of the Supreme Court of the State of New York sitting in New York County and of the United States District
Court of the Southern District of New 

  
 30 

 
York, and any appellate court from any thereof, in any action or proceeding arising out of or relating to this Agreement, or for recognition or enforcement of any judgment, and each such party
hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such New York State or, to the extent permitted by law, in such Federal court. Each such party agrees that
a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement shall affect any right that any ABL Secured
Party or Exit Convertible Notes Secured Party may otherwise have to bring any action or proceeding against any Credit Party or its properties in the courts of any jurisdiction. 

(b) Each ABL Secured Party, each Exit Convertible Notes Secured Party and each Credit Party hereby irrevocably and unconditionally waives, to
the fullest extent it may legally and effectively do so (i) any objection it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement in any court referred to in paragraph
(a) of this Section and (ii) the defense of an inconvenient forum to the maintenance of such action or proceeding. 
 (c) Each
party to this Agreement irrevocably consents to service of process in the manner provided for notices in Section 10.9, but in no event by facsimile or electronic mail. Nothing in this Agreement will affect the right of any
party to this Agreement to serve process in any other manner permitted by law. 
 (d) EACH PARTY HERETO HEREBY WAIVES ITS RESPECTIVE RIGHTS
TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS AGREEMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREIN, INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW OR STATUTORY CLAIMS.
EACH PARTY HERETO REPRESENTS THAT IT HAS REVIEWED THIS WAIVER AND IT KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. IN THE EVENT OF LITIGATION, A COPY OF THIS AGREEMENT MAY BE FILED AS A WRITTEN
CONSENT TO A TRIAL BY THE COURT. 
 10.9 Notices. Unless otherwise specifically provided herein, any notice or other communication
herein required or permitted to be given shall be in writing and may be personally served, telecopied, or sent by overnight express courier service or United States mail and shall be deemed to have been given when delivered in person or by courier
service, upon receipt of a telecopy or five days after deposit in the United States mail (certified, with postage prepaid and properly addressed). For the purposes hereof, the addresses of the parties hereto (until notice of a change thereof is
delivered as provided in this Section 10.9) shall be as set forth below each party’s name on Schedule 10.9 hereto, or, as to each party, at such other address as may be designated by such party in a written
notice to all of the other parties. 
 10.10 Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of
each of the parties hereto and each of the ABL Secured Parties and Exit Convertible Notes Secured Parties and their respective successors and assigns, and nothing herein is intended, or shall be construed to give, any other Person any right, remedy
or claim under, to or in respect of this Agreement or any Collateral. 
 10.11 Headings. Section headings used herein are for
convenience of reference only, are not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement. 

  
 31 

 10.12 Severability. Any provision of this Agreement held to be invalid,
illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions
hereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. 

10.13 Other Remedies. For avoidance of doubt, it is understood that nothing in this Agreement shall prevent any ABL Secured Party or any
Exit Convertible Notes Secured Party from exercising any available remedy to accelerate the maturity of any indebtedness or other obligations owing under the ABL Documents or the Exit Convertible Notes Documents, as applicable, or to demand payment
under any guarantee in respect thereof. 
 10.14 Concerning the Exit Convertible Notes Representative. It is understood and agreed
that the Exit Convertible Notes Representative is entering into this Agreement solely in its capacity as Collateral Agent under the Exit Convertible Notes Indenture at the direction of the Exit Convertible Noteholders thereunder, and shall not be
responsible for the terms or sufficiency of this Agreement. In entering into this Agreement, or in taking (or forbearing from) any action under or pursuant to this Agreement, the Exit Convertible Notes Representative shall have and be protected by
all of the rights, immunities, indemnities and other protections granted to it under the Exit Convertible Notes Documents. The Exit Convertible Notes Representative shall have no duties or obligations under or pursuant to this Agreement other than
such duties and obligations as may be expressly set forth in this Agreement. Notwithstanding any other provision of this Agreement, nothing herein shall be construed to impose any fiduciary duty, regardless of whether a default or event of default
has occurred and is continuing, on the Exit Convertible Notes Representative. Whenever reference is made in this Agreement to any action by, determination, request, direction, consent, designation, specification, requirement or approval of, notice,
request or other communication from, or other direction given or action to be undertaken or to be (or not to be) suffered or omitted by the Exit Convertible Notes Representative or to any election, decision, opinion, acceptance, use of judgment,
expression of satisfaction or other exercise of discretion, rights or remedies to be made (or not to be made) by the Exit Convertible Notes Representative, it is understood that in all cases the Exit Convertible Notes Representative shall be acting,
giving, withholding, suffering, omitting, taking or otherwise undertaking and exercising the same (or shall not be undertaking and exercising the same) in accordance with the Exit Convertible Notes Indenture and the other Exit Convertible Notes
Documents, including without limitation the direction from the requisite percentage of Exit Convertible Noteholders as specified in the Exit Convertible Notes Indenture. 

10.15 Counterparts; Integration; Effectiveness. This Agreement may be executed in counterparts (and by different parties hereto on
different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. Delivery of an executed counterpart of a signature page of this Agreement by telecopy shall be effective as
delivery of a manually executed counterpart of this Agreement. This Agreement shall become effective when it shall have been executed by each party hereto. The words “execution,” “signed,” “signature,”
“delivery,” and words of like import in or relating to this Agreement shall be deemed to include Electronic Signatures, deliveries or the keeping of records in any electronic form (including deliveries by telecopy, emailed pdf. or any
other electronic means that reproduces an image of an actual executed signature page), each of which shall be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a
paper-based recordkeeping system, as the case may be; provided that nothing herein shall require any party hereto to accept Electronic Signatures in any form or format without its prior written consent and pursuant to procedures approved by it;
provided, further, without limiting the foregoing, (a) to the extent any party has agreed to accept any Electronic Signature, such party shall be entitled to rely on such Electronic Signature purportedly given by or on behalf of any other party
hereto without further verification thereof and without any obligation to review the appearance or form of any such Electronic signature and (b) upon the request of any party hereto, any Electronic Signature shall be promptly followed by a
manually executed counterpart. Without limiting the generality of the foregoing, each party hereto hereby (a) agrees that, for 

  
 32 

 
all purposes, including without limitation, in connection with any workout, restructuring, enforcement of remedies, bankruptcy proceedings or litigation among the parties hereto, Electronic
Signatures transmitted by telecopy, emailed pdf. or any other electronic means that reproduces an image of an actual executed signature page and/or any electronic images of this Agreement shall have the same legal effect, validity and enforceability
as any paper original, (b) any party hereto may, at its option, create one or more copies of this Agreement in the form of an imaged electronic record in any format, which shall be deemed created in the ordinary course of such Person’s
business, and destroy the original paper document (and all such electronic records shall be considered an original for all purposes and shall have the same legal effect, validity and enforceability as a paper record) and (c) waives any
argument, defense or right to contest the legal effect, validity or enforceability of this Agreement based solely on the lack of paper original copies of this Agreement including with respect to any signature pages thereto. 

10.16 Additional Credit Parties. The Borrower or the Exit Convertible Notes Issuer, as applicable, shall cause each Person that becomes
a Credit Party after the date hereof to become a party to this Agreement by execution and delivery by such Person of an Additional Credit Party Joinder Agreement in the form of Annex I hereto. 

10.17 Other Remedies. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective
successors and assigns; provided that the Credit Parties are not beneficiaries of this Agreement other than with respect to Sections 3.5, 3.6, 4.1, 6, 10.4, 10.5, 10.7 and 10.8 of this
Agreement. 
 [SIGNATURE PAGES TO FOLLOW] 

  
 33 

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

			
	 JPMORGAN CHASE BANK, N.A., as ABL

Representative for and on behalf of the ABL Secured

Parties

		
	By:	 	 /s/ Stephanie Balette

	Name: Stephanie Balette
	Title:   Authorized Officer

 [Signature Page to Intercreditor Agreement] 

			
	 WILMINGTON SAVINGS FUND SOCIETY, FSB,

as Exit Convertible Notes Representative for and on
 behalf of the
Exit Convertible Notes Secured Parties

		
	By:	 	 /s/ John McNichol

	Name: John McNichol
	Title:   Trust Officer

 [Signature Page to Intercreditor Agreement] 

			
	HI-CRUSH INC.
	ONCORE PROCESSING LLC
	BULKTRACER HOLDINGS LLC
	D & I SILICA, LLC
	FB INDUSTRIES USA INC.
	FB LOGISTICS LLC
	HI-CRUSH AUGUSTA LLC
	HI-CRUSH BLAIR LLC
	HI-CRUSH CANADA INC.
	HI-CRUSH HOLDINGS LLC
	HI-CRUSH INVESTMENTS INC.
	HI-CRUSH LMS LLC
	HI-CRUSH PERMIAN SAND LLC
	HI-CRUSH PODS LLC
	HI-CRUSH PROPPANTS LLC
	HI-CRUSH SERVICES LLC
	HI-CRUSH WHITEHALL LLC
	HI-CRUSH WYEVILLE OPERATING LLC
	PDQ PROPERTIES LLC
	PRONGHORN LOGISTICS HOLDINGS, LLC
	PRONGHORN LOGISTICS, LLC
	PROPDISPATCH LLC
		
	By:	 	 /s/ Robert E. Rasmus

	Name: Robert E. Rasmus
	Title:   Chief Executive Officer

 [Signature Page to Intercreditor Agreement]EX-10.3

 Exhibit 10.3 

EXECUTION VERSION 
  

 
  

STOCKHOLDERS AGREEMENT 

by and among 
 HI-CRUSH INC. 
 and 

the STOCKHOLDERS that are parties hereto 

Dated as of October 9, 2020 
  

 
  

 TABLE OF CONTENTS 

 

							
	 ARTICLE I DEFINITIONS
	  	 	1	 
			
	 Section 1.1
	 	Definitions	  	 	1	 
		
	 ARTICLE II TRANSFER
	  	 	7	 
			
	 Section 2.1
	 	Transfer of Shares	  	 	7	 
	 Section 2.2
	 	Permitted Transfers	  	 	7	 
	 Section 2.3
	 	Permitted Transfer Procedures	  	 	7	 
	 Section 2.4
	 	Transfers in Compliance with Law; Substitution of Transferee	  	 	7	 
		
	 ARTICLE III TAG-ALONG RIGHTS;
DRAG-ALONG RIGHTS; RIGHT OF FIRST OFFER
	  	 	8	 
			
	 Section 3.1
	 	Tag-Along Rights	  	 	8	 
	 Section 3.2
	 	Drag-Along Rights	  	 	10	 
	 Section 3.3
	 	Right of First Offer	  	 	11	 
		
	 ARTICLE IV FUTURE ISSUANCE OF SHARES; PREEMPTIVE RIGHTS
	  	 	13	 
			
	 Section 4.1
	 	Offering Notice	  	 	13	 
	 Section 4.2
	 	Exercise	  	 	14	 
	 Section 4.3
	 	Closing	  	 	15	 
	 Section 4.4
	 	Sale to Subject Purchaser	  	 	15	 
	 Section 4.5
	 	Emergency Funding	  	 	15	 
		
	 ARTICLE V AFTER-ACQUIRED SECURITIES; AGREEMENT TO BE BOUND
	  	 	16	 
			
	 Section 5.1
	 	After-Acquired Securities	  	 	16	 
	 Section 5.2
	 	Agreement to be Bound	  	 	16	 
		
	 ARTICLE VI CORPORATE GOVERNANCE
	  	 	16	 
			
	 Section 6.1
	 	Designation Rights	  	 	16	 
	 Section 6.2
	 	Assurances	  	 	18	 
	 Section 6.3
	 	Stockholder Actions	  	 	19	 
	 Section 6.4
	 	Reimbursement of Expenses	  	 	19	 
	 Section 6.5
	 	Vote Required	  	 	19	 
	 Section 6.6
	 	Matters Requiring Certain Approval	  	 	19	 
	 Section 6.7
	 	Affiliate Transactions	  	 	20	 
	 Section 6.8
	 	Corporate Opportunity	  	 	21	 
		
	 ARTICLE VII INFORMATION AND ACCESS
	  	 	22	 
			
	 Section 7.1
	 	Books and Records	  	 	22	 
	 Section 7.2
	 	Financial Statements and Other Information	  	 	22	 

  
 i 

							
	 ARTICLE VIII REGISTRATION RIGHTS
	  	 	23	 
		
	 ARTICLE IX MISCELLANEOUS
	  	 	23	 
			
	 Section 9.1
	 	Notices	  	 	23	 
	 Section 9.2
	 	Successors and Assigns; Third Party Beneficiaries	  	 	24	 
	 Section 9.3
	 	Amendment and Waiver	  	 	25	 
	 Section 9.4
	 	Counterparts	  	 	25	 
	 Section 9.5
	 	Specific Performance	  	 	25	 
	 Section 9.6
	 	Headings	  	 	25	 
	 Section 9.7
	 	Organizational Documents	  	 	26	 
	 Section 9.8
	 	Governing Law; Consent to Jurisdiction	  	 	26	 
	 Section 9.9
	 	WAIVER OF JURY TRIAL	  	 	26	 
	 Section 9.10
	 	Severability	  	 	26	 
	 Section 9.11
	 	Rules of Construction	  	 	26	 
	 Section 9.12
	 	Entire Agreement	  	 	26	 
	 Section 9.13
	 	Term of Agreement	  	 	27	 
	 Section 9.14
	 	Further Assurances	  	 	27	 
	 Section 9.15
	 	Confidential Information	  	 	27	 

  
 ii 

 STOCKHOLDERS AGREEMENT 

This Stockholders Agreement (as amended, supplemented or modified from time to time, this “Agreement”) is made as of
October 9, 2020 (the “Agreement Date”), by and among Hi-Crush Inc., a Delaware corporation (the “Company” and, together with its direct and indirect wholly-owned domestic
subsidiaries, the “Company Group”), the consenting noteholders listed on Schedule I hereto (“Consenting Noteholders”), the holders of the New Secured Convertible Notes (as defined herein) (the “New
Secured Convertible Noteholders”) and all of the other stockholders of the Company from time to time on and as of or after the Agreement Date, in each case, who become, or are deemed to become, a party hereto pursuant to the terms
hereof. 
 WHEREAS, on August 15, 2020, the Company Group filed a Joint Plan of Reorganization under chapter 11 of title 11 of the
United States Code (the “Bankruptcy Code”) with the United States Bankruptcy Court for the Southern District of Texas (the “Bankruptcy Court”); 

WHEREAS, on September 23, 2020, the Bankruptcy Court entered an order (the “Confirmation Order”) confirming the Plan (as
defined herein) pursuant to the Bankruptcy Code; 
 WHEREAS, pursuant to the Plan, as of the date hereof, (i) the effective date as
provided for in the Plan and the Confirmation Order (the “Effective Date”) occurred, and (ii) a total of 9,382,378 shares of Common Stock (as defined herein) were issued pursuant to the Plan; 

WHEREAS, pursuant to the Plan and the Confirmation Order, any Person entitled to receive shares of Common Stock pursuant to the Plan shall
execute this Agreement or otherwise be deemed party to this Agreement without the need for execution by such Person; and 
 WHEREAS, the
parties hereto wish to enter into this Agreement to set forth their agreements with respect to certain governance matters concerning the Company. 

NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth herein and for good and valuable consideration, the receipt
and adequacy of which are hereby acknowledged, the parties hereto agree as follows: 
 ARTICLE I 

DEFINITIONS 

Section 1.1 Definitions. As used in this Agreement, and unless the context requires a different meaning, the following terms have
the meanings indicated: 

 “Affiliate” means, with respect to any specified Person, any other Person
that, directly or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with, such specified Person. As used in this definition, the term “control,” including the correlative terms
“controlling,” “controlled by” and “under common control with,” means, with respect to the relationship between or among two or more Persons, the possession, directly or indirectly or
as trustee, personal representative or executor, of the power to direct or cause the direction of the affairs or management of a Person, whether through the ownership of voting securities, as trustee, personal representative or executor, by contract
or otherwise. 
 “Affiliate Transaction” has the meaning set forth in Section 6.7. 

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

“Authorized Recipients” has the meaning set forth in Section 9.15. 

“Bankruptcy Code” has the meaning set forth in the recitals. 

“Bankruptcy Court” has the meaning set forth in the recitals. 

“Board of Directors” means the Board of Directors of the Company. 

“Business Day” means any day other than a Saturday, Sunday or other day on which commercial banks in the State of New York
are authorized or required by law or executive order to close. 
 “CEO” means the Chief Executive Officer of the Company.

 “CEO Director” has the meaning set forth in Section 6.1(a). 

“Certificate of Incorporation” means the Certificate of Incorporation of the Company filed with the Secretary of State of the
State of Delaware on May 31, 2019, as amended, restated or otherwise modified from time to time. 
 “Charter
Documents” means the Certificate of Incorporation and the By-laws of the Company each as in effect on the date hereof. 

“Code” means the Internal Revenue Code of 1986, as amended from time to time. 

“Commission” means the United States Securities and Exchange Commission or any similar agency then having jurisdiction to
enforce the Securities Act. 
 “Common Stock” means the Common Stock, par value $0.001 per share, of the Company, issued on
the Effective Date, or any other capital stock of the Company into which such stock is reclassified or reconstituted and any other common stock of the Company. 

  
 2 

 “Common Stock Equivalents” means any security or obligation which is by its
terms convertible into or exchangeable or exercisable for shares of Common Stock, including, without limitation, any option, warrant or other subscription or purchase right with respect to Common Stock or any Common Stock Equivalent. 

“Company” has the meaning set forth in the preamble. 

“Company Group” has the meaning set forth in the preamble. 

“Company Offeror” means (a) the Company, (b) any successor to the Company or any surviving entity resulting from a
merger, consolidation or other business combination involving the Company or any wholly-owned Subsidiary of the Company, (c) any Subsidiary of the Company that is a holding company for all or substantially all of the operating assets of the
Subsidiaries of the Company or (d) any other entity the securities of which are exchanged for Common Stock in anticipation of an initial public offering. 

“Competitor” means any Person engaged in direct competition with the business of the Company or any of the Company’s
Subsidiaries, as determined by the Board of Directors in good faith. 
 “Confidential Information” has the meaning set
forth in Section 9.15. 
 “Confirmation Order” has the meaning set forth in the recitals. 

“Consenting Noteholders” has the meaning set forth in the preamble. 

“Convertible Notes Indenture”) means that certain Indenture, dated as of October 9, 2020, by and among the Company, WSFS
Financial Corporation, FSB as trustee, and the other parties thereto. 
 “Director” means any of the individuals elected or
designated to serve on the Board of Directors. 
 “Drag-Along Notice” has the meaning set forth in
Section 3.2(a). 
 “Drag-Along Rightholders” has the meaning set forth in
Section 3.2(a). 
 “Drag-Along Sellers” has the meaning set forth in
Section 3.2(a). 
 “Excess New Securities” has the meaning set forth in
Section 4.2(a). 
 “Exchange Act” means the United States Securities Exchange Act of 1934, as
amended, and the rules and regulations of the Commission thereunder. 
 “Exempt Issuances” has the meaning set forth in
Section 4.1. 
 “Exercising Tag-Along Rightholder” has
the meaning set forth in Section 3.1(a)(ii). 

  
 3 

 “Fair Market Value” means, with respect to any Common Stock, the price at
which a willing seller would sell, and a willing buyer would buy, such Common Stock having full knowledge of the relevant facts (but excluding any change of control premium, any premium for voting shares, any discount for non-voting shares, and any minority, liquidity or underwriting discounts), in an arm’s-length transaction without either party having time constraints, and without either
party being under any compulsion to buy or sell. 
 “Family Members” means, with regard to a Stockholder that is an
individual, any member of such Stockholder’s immediate family, which shall include his or her spouse, siblings, children or grandchildren. 

“GAAP” means United States generally accepted accounting principles in effect from time to time. 

“Governmental Authority” means the government of any nation, state, city, locality or other political subdivision thereof,
any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government, and any corporation or other entity owned or controlled, through stock or capital ownership or otherwise, by any of the
foregoing. 
 “Initial Tag Notice” has the meaning set forth in Section 3.1(b). 

“Law” means any federal, state, local, municipal, foreign or other law, statute, legislation, constitution, principle of
common law, ordinance, code, decree, order, judgment, rule, regulation, ruling or requirement issued, enacted, adopted, promulgated, implemented or otherwise put into effect by or under the authority of any Governmental Authority and any order or
decision of an applicable arbitrator or arbitration panel. 
 “Lien” means any mortgage, deed of trust, pledge,
hypothecation, assignment, encumbrance, lien (statutory or other) or preference, priority, right or other security interest or preferential arrangement of any kind or nature whatsoever (excluding preferred stock and equity related preferences). 

“Major Stockholder” means each Stockholder that, either individually or together with its Affiliates, holds more than ten
percent (10%) of the Common Stock (on an as-converted basis). 
 “Management Incentive
Plan” means that certain negotiated Management Incentive Plan providing for grants of options and/or restricted stock or restricted stock units/equity reserved for management, directors, and employees for up to 10% of the Common Stock
issued as of the Effective Date on a fully-diluted basis, the terms of which shall be determined by the Board of Directors. 
 “New
Issuance Notice” has the meaning set forth in Section 4.1. 
 “New Securities” has the meaning set
forth in Section 4.1. 
 “New Secured Convertible Notes” has the meaning set forth in the Plan. 

  
 4 

 “New Secured Convertible Noteholders” has the meaning set forth in the
preamble. 
 “Non-Selling Major Stockholders” means any Major Stockholders,
excluding the ROFR Seller. 
 “Offer Period” has the meaning set forth in Section 3.3(b). 

“Offered Securities” has the meaning set forth in Section 3.1(a)(i). 

“Offering Notice” has the meaning set forth in Section 3.3(a). 

“Permitted Transferee” means (i) Family Members of a Stockholder that is an individual, (ii) a trust, corporation,
partnership or limited liability company all of the beneficial interests in which shall be held by a Stockholder or one or more Family Members of such Stockholder or (iii) any Related Fund or (iv) any Other Stockholder. 

“Person” means any individual, firm, corporation, partnership, trust, incorporated or unincorporated association, joint
venture, joint stock company, limited liability company, Governmental Authority or other entity of any kind, and shall include any successor (by merger or otherwise) of such entity. 

“Plan” means that certain Joint Plan of Reorganization for the Company and its Affiliated Debtors (as defined therein)
confirmed by the Bankruptcy Court on September 23, 2020. 
 “Preemptive Rightholder(s)” has the meaning set forth in
Section 4.1. 
 “Prohibited Transfer” has the meaning set forth in Section 2.2. 

“Proportionate Percentage” has the meaning set forth in Section 4.2(a). 

“Proposed Price” has the meaning set forth in Section 4.1. 

“QIPO Effective Date” means the date upon which the Company closes its Qualified Initial Public Offering. 

“Qualified Initial Public Offering” means an initial public offering pursuant to a listing of shares of Common Stock on the
New York Stock Exchange or the Nasdaq Stock Market, having an aggregate offering value (net of underwriters’ discounts and selling commissions) of at least $100,000,000. 

“Related Fund” means, with respect to any Stockholder, an entity now or hereafter existing that is (i) directly or
indirectly controlled by one or more general partners or managing members of such Stockholder or (ii) otherwise, directly or indirectly, managed or advised by such Stockholder or the entity that manages or advises such Stockholder. 

  
 5 

 “Remaining Offered Securities” has the meaning set forth in Section
3.1(a)(ii). 
 “ROFO Acceptance Period” has the meaning set forth in
Section 3.3(c). 
 “ROFO Purchaser” has the meaning set forth in Section 3.3(a). 

“ROFO Rightholder” has the meaning set forth in Section 3.3(a). 

“ROFO Seller” has the meaning set forth in Section 3.3(a). 

“Selling Stockholder” has the meaning set forth in Section 3.1(a)(i). 

“Sale Transaction” has the meaning set forth in Section 3.2(a). 

“Securities Act” means the United States Securities Act of 1933, as amended, and the rules and regulations of the Commission
promulgated thereunder. 
 “Shares” means, with respect to each Stockholder, all shares, whether now owned or hereafter
acquired, of Common Stock. 
 “Significant Stockholder” means each Stockholder that, either individually or together with
its Affiliates, holds more than five percent (5%) of the Common Stock (on an as-converted basis) and MSD Credit Opportunity Master Fund, L.P. for so long as it, together with its Affiliates, holds the Shares
issued to it on the Effective Date. 
 “Specified Activity” has the meaning set forth in Section 6.8. 

“Stockholders” means each holder of Shares and any transferee thereof who has agreed to be bound by the terms and conditions
of this Agreement. 
 “Stockholders Meeting” means any regular or special meeting of Stockholders. 

“Subject Purchaser” has the meaning set forth in Section 4.1. 

“Subject Securities” has the meaning set forth in Section 3.3(a). 

“Subsidiary” means, with respect to any specified Person, any Person of which the specified Person, directly or indirectly,
owns more than 50% of the issued and outstanding share capital or voting interests. 

“Tag-Along Rightholder” has the meaning set forth in
Section 3.1(a)(i). 
 “Tag-Along
Shares” has the meaning set forth in Section 3.1(a)(i). 
 “Third Party
Purchaser” has the meaning set forth in Section 3.1(a)(i). 

“transfer” has the meaning set forth in Section 2.1. 

“Treasury Regulations” means the Treasury regulations promulgated under the Code, as amended from time to time. 

  
 6 

 ARTICLE II 

TRANSFER 

Section 2.1 Transfer of Shares. Any Stockholder may directly or indirectly sell, give, assign, hypothecate, pledge, encumber,
grant a security interest in or otherwise dispose of (whether by operation of law or otherwise) (each a “transfer”) any Shares or any right, title or interest therein or thereto; provided that such transfer complies with the
provisions of this Agreement, including, without limitation, this Article II. Any attempt to transfer any Shares or any rights thereunder in violation of the preceding sentence shall be null and void ab initio. 

Section 2.2 Permitted Transfers. No Stockholder shall transfer any Shares if the Company reasonably determines (i) that such
transfer would, if effected (after taking into account any other proposed transfers that have been authorized by the Company pursuant to the provisions of this Article II but not yet made), result in the Company having 2000 or more holders of
record (as such concept is defined for purposes of Section 12(g) of the Exchange Act and any relevant rules promulgated thereunder) of any class of capital securities of the Company, (ii) that such transfer would, if effected, require the
Company to register the Common Stock under the Exchange Act, unless, in any such case, at the time of such transfer, the Company is already subject to the reporting obligations under Sections 8 and 15(d) of the Exchange Act with respect to its
capital securities or (iii) that the proposed transferee is a Competitor (each a “Prohibited Transfer”). Any Prohibited Transfer consummated without such required consent of the Company shall be null and void ab initio.

 Section 2.3 Permitted Transfer Procedures. If any Stockholder wishes to transfer Shares pursuant to Section 2.2,
such Stockholder shall give notice to the Company and the Board of Directors of its intention to make such a transfer not less than five (5) Business Days prior to effecting such transfer, which notice shall state the name and address of each
prospective transferee, the relationship of such prospective transferee to such Stockholder, and the number of Shares proposed to be transferred. In the event that the Company determines in its reasonable discretion that the proposed transfer will
violate the terms of Section 2.2, the Company shall deliver written notice of such determination to the applicable transferring Stockholder as soon as practicable (but in any event within one (1) Business Day prior to the date of
the proposed transfer). 
 Section 2.4 Transfers in Compliance with Law; Substitution of Transferee. Notwithstanding any other
provision of this Agreement, no transfer may be made pursuant to this Article II, Section 3.1(a), Section 3.2(a) or Section 3.3(d) unless (a) the transferee has agreed in writing to be bound by the
terms and conditions of this Agreement pursuant to an instrument substantially in the form attached hereto as Exhibit A-1, (b) the transfer complies in all respects with the applicable provisions of
this Agreement and (c) the transfer complies in all respects with applicable federal and state securities laws, including, 

  
 7 

 
without limitation, the Securities Act. If requested by the Company, an opinion of counsel to such transferring Stockholder shall be supplied to the Company, at such transferring
Stockholder’s expense, to the effect that such transfer complies with the applicable federal and state securities laws. Upon becoming a party to this Agreement, the transferee shall be substituted for, and shall enjoy the same rights and be
subject to the same obligations as, the transferring Stockholder hereunder with respect to the Shares transferred to such transferee. 

ARTICLE III 
 TAG-ALONG RIGHTS; DRAG-ALONG RIGHTS; RIGHT OF FIRST OFFER 
 Section 3.1 Tag-Along Rights. 
 (a) (i) Subject to compliance with Section 3.3,
if any Stockholder or group of Stockholders (each, a “Selling Stockholder”) wishes to transfer all or any portion of its Shares (the “Offered Securities”) to any Person (other than a Permitted Transferee) (a
“Third Party Purchaser”), or group of related Persons, and such transfer represents greater than a majority of the then-issued and outstanding Shares, then each of the Significant Stockholders (other than the Selling Stockholder, if
applicable) (each, a “Tag-Along Rightholder”) shall have the right to sell to such Third Party Purchaser, upon the terms set forth in a written notice from the Selling Stockholder to the
Company, that number of Shares (the “Tag-Along Shares”) held by such Tag-Along Rightholder equal to that percentage of the Offered Securities determined
by dividing (A) the total number of Shares owned by such Tag-Along Rightholder as of the date of the Initial Tag Notice by (B) the sum of (x) the total number of Shares owned by all such Tag-Along Rightholders exercising their rights pursuant to this clause (i) as of the date of the Initial Tag Notice and (y) the total number of Shares owned by the Selling Stockholder as
of the date of the Initial Tag Notice. 
 (ii) If any Tag-Along Rightholder does not sell all of
the Tag-Along Shares such Tag-Along Rightholder is entitled to sell pursuant to this Section 3.1(a) (the aggregate of all such Tag-Along Shares, the “Remaining Offered Securities”), then each Tag-Along Rightholder that fully exercised its rights pursuant to clause (i) (each, an
“Exercising Tag-Along Rightholder”) shall have the right to sell that number of Shares equal to that percentage of the Remaining Offered Securities determined by dividing (x) the total number of Shares owned by such
Exercising Tag-Along Rightholder as of the date of the Initial Tag Notice by (y) the total number of Shares owned by all Exercising Tag-Along Rightholders as of the date of the Initial Tag Notice. The Selling Stockholder and the
Exercising Tag-Along Rightholder(s) shall effect the sale of the Offered Securities and such Exercising Tag-Along Rightholder(s) shall sell the number of Offered Securities required to be sold by such Exercising Tag-Along Rightholder(s) pursuant to
this Section 3.1(a), and the number of Offered Securities to be sold to such Third Party Purchaser by the Selling Stockholder shall be reduced accordingly. 

  
 8 

 (b) The Selling Stockholder shall give written notice (the “Initial Tag
Notice”) to each Tag-Along Rightholder of each proposed sale by it of Offered Securities which gives rise to the rights of the Tag-Along Rightholders set forth
in this Section 3.1, at least ten (10) Business Days prior to the proposed consummation of such sale, setting forth the name and address of such Selling Stockholder, the number of Offered Securities, the name and
address of the proposed Third Party Purchaser, the proposed amount and form of consideration and terms and conditions of payment offered by such Third Party Purchaser, the percentage of Shares that such
Tag-Along Rightholder may sell to such Third Party Purchaser (determined in accordance with Section 3.1(a)), and a representation that such Third Party Purchaser has been informed of
the “tag-along” rights provided for in this Section 3.1 and has agreed to purchase Shares in accordance with the terms hereof. The
tag-along rights provided by this Section 3.1 must be exercised by any Tag-Along Rightholder wishing to sell its Shares within ten
(10) Business Days following receipt of the Initial Tag Notice, by delivery of a written notice to the Selling Stockholder at the address of the Selling Stockholder indicated in the Initial Tag Notice indicating such Tag-Along Rightholder’s wish to exercise its rights and specifying the number of Shares (up to the maximum number of Shares owned by such Tag-Along Rightholder required
to be purchased by such Third Party Purchaser pursuant to Section 3.1) it wishes to sell, provided that any Tag-Along Rightholder may waive its rights under this
Section 3.1 prior to the expiration of such ten (10) Business Day period by giving written notice to the Selling Stockholder, with a copy to the Company, of such waiver. The failure of a
Tag-Along Rightholder to respond within such ten (10) Business Day period shall be deemed to be a waiver of such Tag-Along Rightholder’s rights under this
Section 3.1. If a Third Party Purchaser fails to purchase Shares from any Tag-Along Rightholder that has properly exercised its tag-along rights pursuant to
this Section 3.1, then the Selling Stockholder shall not be permitted to consummate the proposed sale of the Offered Securities, and any such attempted sale shall be null and void ab initio. 

(c) In connection with the exercise of any rights under this Section 3.1 by an Exercising Tag-Along Rightholder, no such Exercising Tag-Along Rightholder shall be required to (1) make any representations or warranties (except as they relate to such Exercising Tag-Along Rightholder’s ownership of and authority to sell its Shares), (2) agree to any noncompetition or nonsolicitation covenants or (3) provide any indemnity, except for (A) indemnification
related to breaches of the representations and warranties by such Exercising Tag-Along Rightholder with respect to its ownership of and authority to sell its Shares and (B) any other indemnity agreed to
by the Tag-Along Rightholders; provided, that (x) in the case of clause (B) above, each Exercising Tag-Along Rightholder’s obligation shall be
several and on a pro-rata basis in proportion to its ownership interest in the Company and (y) in no event shall any Exercising Tag-Along Rightholder be held liable
under either clause (A) or (B) above for any amount in excess of the net proceeds received by such Exercising Tag-Along Rightholder in connection with any such transaction. 

  
 9 

 Section 3.2 Drag-Along Rights. 

(a) Prior to a Qualified Initial Public Offering, in the event that one or more Stockholders collectively holding greater than sixty percent
(60%) of the then-issued and outstanding Shares (the “Drag-Along Rightholders”) determine to cause a bona fide sale, in one transaction or a series of related transactions of (i) greater than a majority of the then-issued and
outstanding Shares or (ii) all or substantially all of the consolidated assets of the Company and its Subsidiaries, taken as a whole, in each case to any Third Party Purchaser (in each case, other than to an Affiliate or Related Fund of such
Drag-Along Rightholders), whether directly or indirectly or by way of merger, statutory share exchange, recapitalization, reclassification, consolidation, or other business combination transaction or purchase of beneficial ownership (either
(i) or (ii), a “Sale Transaction”), the Drag-Along Rightholders may (but shall be under no obligation to) send written notice (the “Drag-Along Notice”) to the Company and the other Stockholders (each, a
“Drag-Along Seller”) no later than twenty (20) Business Days prior to the consummation of the Sale Transaction notifying them of such proposed Sale Transaction and that they will be required to sell their Shares
in such Sale Transaction (or, in the case of an asset sale or any other transaction such as a merger which requires a vote of the Stockholders, vote in favor of such sale). Upon receipt of a Drag-Along Notice, each Drag-Along Seller receiving such
notice shall be obligated to (i) sell Shares in the Sale Transaction (including a sale or merger) contemplated by the Drag-Along Notice in an amount equal to that percentage of the Shares being sold by the Drag-Along Rightholders determined by
dividing (A) the total number of Shares being sold by the Drag-Along Rightholders in such Sale Transaction by (B) the total number of Shares owned by the Drag-Along Rightholders as of the date of the Drag-Along Notice on the same terms and
conditions as the Drag-Along Sellers (including payment of its pro rata share of all costs associated with such transaction other than costs incurred for the benefit of a particular Stockholder) and (ii) otherwise take all necessary action to
cause the consummation of such transaction, including voting all of its Shares in favor of such Sale Transaction and not exercising any appraisal or dissenters rights in connection therewith. Each Drag-Along Seller further agrees to (A) take
all actions (including executing documents) in connection with the consummation of the proposed Sale Transaction as may reasonably be requested of it by the Drag-Along Rightholders and (B) appoint the Drag-Along Rightholders, or one of them, as its attorney-in-fact to do the same on its behalf. 
 (b) In
connection with any Sale Transaction, no Drag-Along Seller shall be required to (i) make any representations or warranties (except as they relate to such Drag-Along Seller’s ownership of and authority to sell its Shares), (ii) agree to any
noncompetition or nonsolicitation covenants or (iii) provide any indemnity, except for (A) indemnification related to breaches of the representations and warranties by such Drag-Along Rightholder with respect to its ownership of and authority
to sell its Shares and (B) any other indemnity agreed to by the Drag-Along Rightholders; provided, that (x) in the case of clause (B) above, each Drag-Along Seller’s obligation shall be several and on a pro-rata basis in proportion to its ownership interest in the Company (except in respect of any indemnification to be made from any escrow account or other form of holdback), and (y) other than in the case of
fraud of such Drag-Along Seller, in no event shall a Drag-Along Seller be held liable under either clause (A) or (B) above for any amount in excess of the net proceeds received by such Drag-Along Seller in connection with any such
Sale Transaction. 

  
 10 

 Section 3.3 Right of First Offer. 

(a) Offering Notice. Prior to a Qualified Initial Public Offering, if any Significant Stockholder or New Secured Convertible
Noteholder desires to transfer to any Person or Persons (irrespective of whether such Persons are affiliated) (each a “ROFO Purchaser”) all or any portion of its Shares or New Secured Convertible Notes, as applicable (together, the
“Subject Securities”) (other than with respect to a transfer to a Permitted Transferee or pursuant to rights as set forth in Section 3.1 and Section 3.2), such Significant
Stockholder or New Secured Convertible Noteholder (a “ROFO Seller”) shall first grant to the Major Stockholders a right, but not an obligation, pursuant to the terms of this Section 3.3, to purchase all of the Subject
Securities that the ROFO Seller desires to transfer by sending written notice (an “Offering Notice”) to the Company and each Major Stockholder not including the ROFR Seller (each Major Stockholder in its capacity as such, a
“ROFO Rightholder”), which shall state (i) the number of Subject Securities and (ii) the intended date of such transfer (which shall be not less than sixty (60) days from the date of the Offering Notice). 

(b) Rightholder Option; Exercise. For a period of seven (7) Business Days following the Company and each ROFO Rightholder’s
receipt of the Offering Notice (the “Offer Period”), the ROFO Rightholders shall have the right to offer to purchase all, but not less than all, of the Subject Securities at a purchase price equal to the highest price for the
Subject Securities proposed by any of the ROFO Rightholders electing to submit an offer price for the Subject Securities); provided, that if more than one ROFO Rightholder submits an offer pursuant to this Section 3.3, then pro
rata according to the number of Shares (on an as-converted basis) owned by each ROFO Rightholder. 

(i) The right of the ROFO Rightholders to offer to purchase all of the Subject Securities under this Section 3.3(b) shall be
exercisable by delivering written notice of the exercise thereof, prior to the expiration of the Offer Period, to the ROFO Seller with a copy to the Company. Each such notice shall state that the ROFO Rightholder is willing to purchase all of the
Subject Securities pursuant to this Section 3.3(b), the purchase price they offer for the Subject Securities and, in the event that there is more than one ROFO Rightholder exercising its right under this
Section 3.3(b), confirmation that they will pay a purchase price equal to the highest price for all of the Subject Securities proposed by any of the ROFO Rightholders electing to submit an offer price for the Subject Securities (the
“Offer Price”). The failure of any ROFO Rightholder to respond within the Offer Period to the ROFO Seller shall be deemed to be a waiver of such ROFO Rightholder’s rights under this Section 3.3(b). The ROFO
Rightholders may waive their respective rights under this Section 3.3 prior to the expiration of the Offer Period by giving written notice to the ROFO Seller, with a copy to the Company. The ROFO Rightholders’ offer to purchase all
of the Subject Securities at the Offer Price pursuant to the terms of this Section 3.3 shall be irrevocable once accepted and, in any event, for the duration of the ROFO Acceptance Period (as defined below). 

  
 11 

 (c) Sale to the ROFO Rightholders. If the ROFO Rightholders have collectively
offered to purchase all, but not less than all, of the Subject Securities under Section 3.3(b), then the ROFO Seller may, within seven (7) days of the delivery of the last written notice of the exercise from the ROFO Rightholders
accept the offer of the ROFO Rightholders to purchase all, but not less than all, of the Subject Securities in accordance with Section 3.3(e) (the “ROFO Acceptance Period”). 

(d) Sale to a ROFO Purchaser. 

(i) If the ROFO Rightholders have collectively offered to purchase all, but not less than all, of the Subject Securities under
Section 3.3(b), and the ROFO Seller elects not to accept the offer of the ROFO Rightholders, then the ROFO Seller may only sell the Subject Securities to the ROFO Purchaser at a price that exceeds the Offer Price by five
percent (5%) and on terms and conditions no less favorable than those set forth in Section 3.3(e); provided, however, that (A) such sale of any Subject Securities to the ROFO Purchaser is bona fide
and is consummated within one hundred eighty (180) days after the earlier to occur of (x) the waiver by all of the ROFO Rightholders of their options to offer to purchase all of the Subject Securities and (y) the expiration of the
ROFO Rightholder Acceptance Period (as applicable for this Section 3.3(d)(i), the “ROFO Purchaser Period”), and (B) such sale shall not be consummated unless and until (x) such ROFO Purchaser shall represent in
writing to the ROFO Rightholders that it is aware of the rights of the Stockholders and New Secured Convertible Noteholders contained in this Agreement, and (y) prior to the purchase by the ROFO Purchaser of any of such Subject Securities, such
ROFO Purchaser shall become a party to this Agreement and shall agree to be bound by the terms and conditions hereof in accordance with Section 2.4. 

(ii) If the ROFO Rightholders have not collectively offered to purchase all of the Subject Securities under
Section 3.3(b), then the ROFO Seller may sell the Subject Securities to one or more ROFO Purchasers at any price and on any terms and conditions selected by the ROFO Seller; provided, however, that (A) such sale of any
Subject Securities to the ROFO Purchaser(s) is bona fide and is consummated within one hundred eighty (180) days after the earlier to occur of (x) the waiver by all of the ROFO Rightholders of their options to offer to purchase all of the
Subject Securities, and (y) the expiration of the Offer Period (as applicable for this Section 3.3(d)(ii), the “ROFO Purchaser Period”) and (B) such sale shall not be consummated unless and until
(x) such ROFO Purchaser(s) shall represent in writing to the Company and the ROFO Rightholders that it is aware of the rights of the Major Stockholders contained in this Agreement, and (y) prior to the purchase by the ROFO Purchaser(s) of any
of such Subject Securities, such ROFO Purchaser shall become a party to this Agreement and shall agree to be bound by the terms and conditions hereof in accordance with Section 2.4. 

(iii) If such sale is not consummated within the applicable ROFO Purchaser Period set forth in clause (A) or clause
(B) above (plus such number of additional days (if any) necessary to obtain any consents or approvals or allow the expiration or termination of all waiting periods under applicable Law) for any reason, then the restrictions provided for in
this Section 3.3 shall again become effective, and no transfer of such Subject Securities may be made thereafter by the ROFO Seller without again offering the same to the ROFO Rightholders in accordance with this Section 3.3.
No ROFO Seller shall take any action that is governed by the provisions of this Section 3.3 more than once in a 180-day period. 

  
 12 

 (e) Sale to ROFO Rightholders. If the ROFO Seller elects to accept the offer of the
ROFO Rightholders to purchase all, but not less than all, of the Subject Securities under Section 3.3(b), then the closing of the purchases of such Subject Securities subscribed for by the ROFO Rightholders under
Section 3.3(b) shall be held at the executive office of the Company at 11:00 a.m., local time, on the forty-fifth (45th) day (plus such number of additional days (if any)
necessary to obtain any consents or approvals or allow the expiration or termination of all waiting periods under applicable Law) after acceptance by the ROFO Seller of such offer or at such other day, time and place as the parties to the
transaction may agree. At such closing, the ROFO Seller shall deliver certificates, if any, representing the Subject Securities, duly endorsed for transfer and accompanied by all requisite transfer taxes, if any, and such Subject Securities shall be
free and clear of any Liens (other than those attributable to actions by the purchasers thereof) and the ROFO Seller shall so represent and warrant, and shall further represent and warrant that it is the sole beneficial and record owner of such
Subject Securities. At the closing, the ROFO Rightholders purchasing the Subject Securities shall deliver payment in full in immediately available funds for the Subject Securities equal to the Offer Price (calculated on a per security basis)
purchased by it. At such closing, all of the parties to the transaction shall execute such additional documents as are otherwise necessary or appropriate. 

(f) Cooperation. In connection with this Section 3.3, the Company and the other Stockholders shall cooperate
with the ROFO Seller in good faith to effect such proposed transfer and take actions reasonably requested by such ROFO Seller so long as such actions do not unreasonably interfere with the business of the Company or its Subsidiaries, including the
Company furnishing the ROFO Seller and the ROFO Purchasers information, including Confidential Information, about the Company; provided, however, that the Company shall not be required to furnish any such Confidential Information to a
proposed ROFO Purchaser (i) until the proposed ROFO Purchasers have entered into a customary non-disclosure agreement in form and substance reasonably satisfactory to the Company, (ii) if the ROFO
Seller is not otherwise entitled to receive such information pursuant to the terms of this Agreement, (iii) if the Board of Directors, in its good faith discretion, determines that such ROFO Purchaser would not reasonably be able to satisfy the
conditions set forth in Section 2.2, or (iv) if the Board of Directors, in its good faith discretion, determines that providing such information would be materially detrimental to the Company. 

ARTICLE IV 
 FUTURE
ISSUANCE OF SHARES; PREEMPTIVE RIGHTS 
 Section 4.1 Offering Notice. Except for (a) options to purchase Common Stock
or restricted stock which may be issued pursuant to the Management Incentive Plan, (b) a subdivision of the outstanding shares of Common Stock into a larger number of shares of Common Stock, (c) capital stock issued upon exercise,
conversion or exchange of any Common Stock Equivalent either (x) previously issued or (y) issued in accordance with the terms of this Agreement, (d) capital stock of the Company issued in consideration of an acquisition, approved by
the Board of Directors in accordance with the terms of this Agreement, by the Company (or a Subsidiary of the Company) of another Person, 

  
 13 

 
(e) issuances to the public pursuant to an effective registration statement filed under the Securities Act, (f) pro rata distributions or dividends of Shares to the then current stockholders
of the Company, (g) issuances of capital stock of any Subsidiary of the Company to the Company or any of its Subsidiaries, and (h) issuances in connection with any dividend or distribution on shares of preferred stock of the Company, if
any ((a)-(h) being referred to collectively as “Exempt Issuances”), if the Company or any of its Subsidiaries wishes to issue or sell any capital stock or any other securities convertible into or exchangeable for capital stock of
the Company or its Subsidiaries (collectively, “New Securities”) to any Person (the “Subject Purchaser”), then, pursuant to Section 4.2, the Company shall offer such New
Securities to each of the Significant Stockholders (each, a “Preemptive Rightholder”, and collectively, the “Preemptive Rightholders”) by sending written notice (the “New Issuance Notice”) to the
Preemptive Rightholders, which New Issuance Notice shall state (x) the number of New Securities proposed to be issued and (y) the proposed purchase price per security of the New Securities (the “Proposed Price”). Upon delivery
of the New Issuance Notice, such offer shall be irrevocable unless and until the rights provided for in Section 4.2 shall have been waived or shall have expired. 

Section 4.2 Exercise. 

(a) For a period of twenty (20) days after the giving of the New Issuance Notice pursuant to Section 4.1, each
of the Preemptive Rightholders shall have the right to purchase its Proportionate Percentage (as hereinafter defined) of the New Securities, at a purchase price equal to the Proposed Price and upon the same terms and conditions set forth in the New
Issuance Notice. Each such Preemptive Rightholder shall have the right to purchase that percentage of the New Securities determined by dividing (x) the total number of Shares then owned by such Preemptive Rightholder exercising its rights under this
Section 4.2 by (y) the total number of Shares owned by all of the Preemptive Rightholders exercising their rights under this Section 4.2 (the “Proportionate Percentage”). If
any Preemptive Rightholder does not fully subscribe for the number or amount of New Securities that it is entitled to purchase pursuant to the preceding sentence, then each Preemptive Rightholder that elected to purchase New Securities shall have
the right to purchase that percentage of the remaining New Securities not so subscribed for (for the purposes of this Section 4.2(a), the “Excess New Securities”) determined by dividing (x) the total number
of Shares then owned by such fully participating Preemptive Rightholder by (y) the total number of Shares then owned by all fully participating Preemptive Rightholders who elected to purchase Excess New Securities. 

(b) The right of each Preemptive Rightholder to purchase the New Securities under subsection (a) above shall be exercisable by
delivering written notice of the exercise thereof, prior to the expiration of the 20-day period referred to in Section 4.2(a) to the Company, which notice shall state the amount of New
Securities that such Preemptive Rightholder elects to purchase pursuant to Section 4.2(a). The failure of a Preemptive Rightholder to respond within such 20-day period shall be deemed
to be a waiver of such Preemptive Rightholder’s rights under Section 4.2(a), provided that each Preemptive Rightholder may waive its rights under Section 4.2(a) prior to the expiration of such 20-day period by giving written notice to the Company. 

  
 14 

 Section 4.3 Closing. The closing of the purchase of New Securities subscribed
for by the Preemptive Rightholders under Section 4.2 shall be held at the executive office of the Company at 11:00 a.m., local time, on (a) the 45th day after the
giving of the New Issuance Notice pursuant to Section 4.1, if the Preemptive Rightholders elect to purchase all of the New Securities under Section 4.2, (b) the date of the closing of the sale to the Subject
Purchaser made pursuant to Section 4.4 if the Preemptive Rightholders elect to purchase some, but not all, of the New Securities under Section 4.2 or (c) at such other time and place as the
parties to the transaction may agree. At such closing, the Company shall deliver certificates representing the New Securities, and such New Securities shall be issued free and clear of all Liens (other than those arising hereunder and those
attributable to actions by the purchasers thereof) and the Company shall so represent and warrant, and further represent and warrant that such New Securities shall be, upon issuance thereof to the Preemptive Rightholders and after payment therefor,
duly authorized, validly issued, fully paid and non-assessable. Each Preemptive Rightholder purchasing the New Securities shall deliver at the closing payment in full in immediately available funds for the New
Securities purchased by him, her or it. At such closing, all of the parties to the transaction shall execute such additional documents as are otherwise necessary or appropriate. 

Section 4.4 Sale to Subject Purchaser. The Company may sell to the Subject Purchaser all of the New Securities not purchased by
the Preemptive Rightholders pursuant to Section 4.2 on terms and conditions that are no more favorable to the Subject Purchaser than those set forth in the New Issuance Notice; provided, however, that such
sale is bona fide and made pursuant to a contract entered into within ninety (90) days following the earlier to occur of (i) the waiver by all Preemptive Rightholders of their option to purchase New Securities pursuant to
Section 4.2(b), and (ii) the expiration of the 20-day period referred to in Section 4.2(b). If such sale is not consummated within such
90-day period for any reason, then the restrictions provided for herein shall again become effective, and no issuance and sale of New Securities may be made thereafter by the Company without again offering the
same in accordance with this Article IV. The closing of any issuance and purchase pursuant to this Section 4.4 shall be held at a time and place as the parties to the transaction may agree within such 90-day period. 
 Section 4.5 Emergency Funding. Nothing in Article IV shall be deemed
to prevent any Stockholder from purchasing for cash any New Securities without first complying with the provisions of Article IV (other than this Section 4.5); provided, that (i) in connection with such
purchase the delay caused by compliance with the provisions of Article IV in connection with such investment would be likely to cause harm to the Company; (ii) the Company gives prompt notice to the other holders of Shares, which notice
shall describe in reasonable detail the New Securities being purchased by the Person making such purchase (for purposes of this Section 4.5, the “Purchasing Holder”) and the purchase price thereof and (iii) the
Purchasing Holder and the Company take all steps necessary to enable the other holders of Shares to effectively exercise their respective rights under Article IV with respect to their purchase of a pro rata share of the New Securities issued
to the Purchasing Holder as promptly as reasonably practicable after such purchase by the Purchasing Holder on the terms specified in Article IV. 

  
 15 

 ARTICLE V 

AFTER-ACQUIRED SECURITIES; AGREEMENT TO BE BOUND 

Section 5.1 After-Acquired Securities. All of the provisions of this Agreement shall apply to all of the Shares and Common Stock
Equivalents now owned or which may be issued or transferred hereafter to a Stockholder in consequence of any additional issuance, purchase, exchange or reclassification of any of such Shares or Common Stock Equivalents, corporate reorganization, or
any other form of recapitalization, consolidation, merger, share split or share dividend, or which are acquired by a Stockholder in any other manner. 

Section 5.2 Agreement to be Bound. The Company shall not issue any Shares or Common Stock Equivalents to any Person not a party to
this Agreement, other than to directors, officers, employees or consultants of the Company pursuant to the Management Incentive Plan, unless either (a) such Person has agreed in writing to be bound by the terms and conditions of this Agreement
pursuant to an instrument substantially in the form attached hereto as Exhibit A-2, or (b) such Person has entered into an agreement with the Company restricting the transfer of his, her or its
Shares and Common Stock Equivalents in form and substance reasonably satisfactory to the Board of Directors. Upon becoming a party to this Agreement, such Person shall be deemed to be, and shall be subject to the same obligations as, a Stockholder
hereunder. Any issuance of Shares or Common Stock Equivalents by the Company in violation of this Section 5.2 shall be null and void ab initio. 

ARTICLE VI 
 CORPORATE
GOVERNANCE 
 Section 6.1 Designation Rights. The Company and the Stockholders shall take all such corporate and stockholder
actions as may be required to ensure that (a) the initial number of directors constituting the entire Board of Directors shall be equal to five (5) and (b) the number of directors constituting the entire Board of Directors shall not be
fewer than five (5). The Company hereby agrees that the Board of Directors shall be composed as follows: 
 (a) CEO Director. The
Stockholders shall designate the CEO to serve as a Director, who shall initially be Robert Rasmus (the “CEO Director”). 

(b) Designation Rights of Major Stockholders. 

(i) Each Major Stockholder that holds, from time to time, fifteen percent (15%) or more (but less than thirty percent (30%)) (on an as-converted basis excluding any Common Stock issued pursuant to the Management Incentive Plan or any New Secured Convertible Notes held by management of the Company) of the Common Stock shall have the right to
designate one (1) Director, for so long as such Major Stockholder and its Affiliates or Related Funds collectively continue to hold at least fifteen percent (15%) of the Shares. 

  
 16 

 (ii) Each Major Stockholder that holds, from time to time, thirty percent (30%) or more
(but less than fifty percent (50%)) (on an as-converted basis excluding any Common Stock issued pursuant to the Management Incentive Plan or any New Secured Convertible Notes held by management of the Company)
of the Common Stock shall have the right to designate two (2) Directors, for so long as such Major Stockholder and its Affiliates or Related Funds collectively continue to hold at least thirty percent (30%) of the Shares. 

(iii) Each Major Stockholder that holds, from time to time, fifty percent (50%) or more (on an
as-converted basis excluding any Common Stock issued pursuant to the Management Incentive Plan or any New Secured Convertible Notes held by management of the Company) of the Common Stock shall have the right
to designate three (3) Directors, for so long as such Major Stockholder and its Affiliates or Related Funds collectively continue to hold at least fifty percent (50%) of the Shares. 

For the avoidance of doubt, to the extent a Major Stockholder does not elect to exercise its rights to designate a Director pursuant to this
Section 6.1(b), such failure to exercise such right shall not cause such right to expire; provided, however, that if a Major Stockholder elects not to exercise any such right, the Board of Directors shall have
the right to designate additional Directors pursuant to Section 6.1(d). 
 (c) Each Director shall have one (1) vote,
except (i) in connection with the matters set forth in Section 6.6 and (ii) each Director that is designated pursuant to Section 6.1(b)(iii) will have 1.5 votes. 

(d) If clauses (a)-(b) of Section 6.1 would result in the Board of Directors consisting of less than five
(5) Directors, then the remaining Directors shall have the right to designate additional Directors by a majority vote of the Board of Directors, until such time as the Board of Directors consists of five (5) Directors. 

(e) If clauses (a)-(b) of Section 6.1 would result in the Board of Directors consisting of more than five
(5) Directors, then the Directors shall increase the size of the Board of Directors by a majority vote of the Board of Directors in order to allow the applicable Major Stockholder(s) to designate the additional Director(s). 

(f) Death; Retirement; Resignation; Removal; Vacancies. Each director is to hold office until his or her successor shall have been
duly appointed and qualified or until his or her earlier death, retirement, resignation, disqualification or removal in accordance with the terms of this Section 6.1(f). The CEO Director shall be automatically removed as a Director if
such person ceases to be the CEO, and the new CEO shall automatically be designated to fill such vacancy. Any Director designated pursuant to Section 6.1(b) may be removed as a Director at any time by the Major Stockholder
entitled to designate such Director. If a vacancy on the Board of Directors is caused by the death, retirement, resignation or removal of any Director designated pursuant to Section 6.1(b) then the designating Major Stockholder shall, to
the fullest extent permitted by applicable Law, have the exclusive right to designate a Director to fill such vacancy for the remainder of the deceased, retired, resigned or removed, as applicable, Director’s term, and the Company and the Board
of Directors shall take all action to cause such Director to be appointed to the Board of Directors. In the case of a vacancy with respect to the Director entitled to be designated by the other Directors pursuant to Section 6.1(d), the
Directors shall designate a new Director pursuant to Section 6.1(d). 

  
 17 

 (g) Notwithstanding anything herein to the contrary, if a Major Stockholder no longer has
the right to designate a Director (and therefore no longer has the right to remove any such Director) pursuant to Section 6.1(b), then upon a written request of the Board of Directors for the resignation of the Director who
was designated pursuant to Section 6.1(b), each such designating Major Stockholder hereby agrees that it shall take all necessary actions to cause such Director to resign or otherwise be removed from office as a Director;
provided, that any such resignation or removal shall be without prejudice to, and shall not constitute any waiver of, any right to limitation of liability, indemnification or advancement of expenses under the Charter Documents or any
insurance policy of or other agreement with the Company that such Director may have as a result of his or her service as a Director prior to the effective time of such resignation or removal. For avoidance of doubt, no provision in this Agreement
shall in any way limit or restrict the right of any Director to resign voluntarily at any time and for any reason. 
 (h) Each Director
other than the CEO Director shall be entitled to serve on each committee of the Board of Directors. 
 (i) The Company shall take such
corporate actions as may be required to effectuate and further the intent of the provisions of this Section 6.1. 

Section 6.2 Assurances. The Company agrees that it shall (and shall cause its controlled Affiliates to) cooperate in facilitating
any action or right described in or required by this Agreement. Without limiting the generality of the foregoing, the Company further agrees that it shall: 

(a) take all actions necessary to give effect to the provisions of this Agreement; 

(b) take all actions to oppose any action or proposal that is reasonably likely to impair, delay, frustrate or otherwise serve to interfere
with any provision of this Agreement (including (x) removing or supporting the removal of any Director designee (except at the direction of the designating Major Stockholder(s) in accordance with this Agreement), or (y) designating a
number of Directors that exceeds the number of Directors permitted to sit on the Board of Directors at any time, pursuant to the Charter Documents and this Agreement) or otherwise impairing, delaying, frustrating or otherwise interfering with the
rights of the parties as set forth in this Article VI; and 
 (c) not (1) solicit proxies or participate in a solicitation, (2)
assist any Person in taking or planning any action, or (3) cooperate in any way with, assist or participate in, knowingly encourage or otherwise facilitate or encourage any effort or attempt, in each case, that is reasonably likely to impair,
delay, frustrate or otherwise serve to interfere with any provision of this Agreement (including the rights of the parties as set forth in this Article VI). 

  
 18 

 Section 6.3 Stockholder Actions. 

(a) In order to effectuate the provisions of this Agreement, subject to applicable law, each Stockholder (a) hereby agrees that when any
action or vote is required to be taken by such Stockholder pursuant to this Agreement, such Stockholder shall call, or cause the appropriate officers and directors of the Company to call, a Stockholders Meeting, or to execute or cause to be executed
a written consent to effectuate such stockholder action, (b) shall vote their Shares at any meeting of the Stockholders, however called, and in any written action by consent of the Stockholders, and shall take such stockholder actions as may be
required to effectuate and further the intent of the provisions of this Article VI, (c) shall cause the Board of Directors to adopt, either at a meeting of the Board of Directors or by unanimous written consent of the Board of Directors,
all the resolutions necessary to effectuate the provisions of this Agreement, and (d) shall cause the Board of Directors to cause the Secretary of the Company, or if there be no Secretary, such other officer of the Company as the Board of Directors
may appoint to fulfill the duties of Secretary, not to record any vote or consent contrary to the terms of this Agreement. 
 (b) As long
as the New Secured Convertible Notes are outstanding, the New Secured Convertible Noteholders shall have the right to vote upon all matters upon which the Stockholders have the right to vote (including the designation of Directors pursuant to
Section 6.1(b)) together with the Stockholders as a single class and on an as-converted to Common Stock basis (assuming the full conversion of each Common Stock Equivalent into Common
Stock). 
 Section 6.4 Reimbursement of Expenses. The Company shall promptly reimburse each Director for his or her reasonable out-of-pocket fees, charges and expenses (including travel and related expenses) incurred in connection with: (i) attending the meetings of the Board of Directors and all
committees thereof; and (ii) conducting any other Company business expressly requested by the Company. The Company shall maintain directors and officers indemnity insurance coverage reasonably satisfactory to the Stockholders, and the Charter
Documents shall provide for indemnification and exculpation of directors to the fullest extent permitted under applicable law. 

Section 6.5 Vote Required. All actions of the Board of Directors, other than those governed by Section 6.6 and
Section 6.7, shall require approval by a majority of the Board of Directors. 
 Section 6.6 Matters
Requiring Certain Approval. The Company shall not, and shall not permit any of its Subsidiaries to, either directly or indirectly, by amendment, merger, plan of arrangement, consolidation or otherwise, in each case without the prior written
consent or affirmative vote of Directors designated by one or more Major Stockholders that collectively own Common Stock representing at least sixty percent (60%) of the issued and outstanding Common Stock (on an
as-converted basis): 

  
 19 

 (a) enter into a transaction (or enter into any agreement or commitment to do so) providing
for the direct or indirect sale of a majority or greater of the Shares or all or substantially all of the Company’s assets, whether in a single or series of transactions, including by means of a merger, consolidation, other business
combination, share exchange or other reorganization of the Company (other than a Sale Transaction in accordance with Section 3.1 and Section 3.2); 

(b) issue any equity securities of the Company, or any securities convertible into or exchangeable or exercisable for equity securities of
the Company, other than in accordance with the Plan, the Convertible Notes Indenture and the Management Incentive Plan; 
 (c) change,
modify or amend the number of directors constituting the entire Board of Directors to be greater than or less than five (5), other than in accordance with Section 6.1(e); 

(d) register any securities of the Company or any Subsidiary under the Securities Act or any public offering of securities (including any
initial public offering); 
 (e) incur any indebtedness that would cause the aggregate consolidated indebtedness of the Company to, at any
time, be in excess of forty-eight million dollars ($48,000,000) or in a leverage ratio above 11.0 to 1.0, including any liens, guarantees or security in respect of such indebtedness, except any indebtedness incurred pursuant to any credit facilities
approved by the Board of Directors; 
 (f) any voluntary liquidation or dissolution of, or any filing of a petition in bankruptcy or
entering into any receivership or other arrangement for the benefit of creditors with respect to, the Company or any of its Subsidiaries (other than a voluntary liquidation or dissolution of any Subsidiary of the Company pursuant to which
substantially all of the assets thereof are distributed or otherwise transferred to the Company or one or more of its wholly-owned Subsidiaries); 

(g) amend the Company’s Charter Documents; 

(h) adopt or change a material tax election or the Company’s auditors; 

(i) settle any material litigation proceedings or claims, or commence any material litigation proceedings or claims against any third party;
or 
 (j) commit, offer or agree to do any of the foregoing. 

Section 6.7 Affiliate Transactions. The consummation of any agreement, transaction or arrangement between the Company or any of
its Subsidiaries, on the one hand, and any Stockholder or any Affiliates, officers, directors, managers or employees of such Stockholder or its Affiliates (other than the Company or any of its Subsidiaries), on the other hand (each, an
“Affiliate Transaction”), shall in each case require the approval of 

  
 20 

 
a majority of the disinterested Directors; provided, however, that the approval requirement of this Section 6.7 shall not apply to any agreement,
transaction or arrangement (a) expressly contemplated in connection with the Plan, (b) entered into on arm’s length terms, (c) entered into in the ordinary course of business, (d) entered into in connection with an issuance of
securities in accordance with preemptive rights as contemplated in Article IV (in which, for the avoidance of doubt, no Stockholder receives any special rights or fees that are different from those to be received by any other Stockholder),
(e) entered into with Directors, officers, managers, employees or unaffiliated consultants in the ordinary course of business and approved by the Board of Directors, (f) in the case of an Affiliate Transaction that is a merger, sale or other
strategic transaction involving the Company, any such transaction in which the Board of Directors obtains a fairness opinion from a nationally recognized independent financial advisor that such Affiliate Transaction is fair to the Company and the
Stockholders, taken as a whole, from a financial point of view or (g) in the case of an Affiliate Transaction that is a debt financing, any such debt financing in which a particular Stockholder holds less than a majority of the debt issuance. 

Section 6.8 Corporate Opportunity. The Company waives (on behalf of itself and each of its Subsidiaries), to the maximum extent
permitted by law, the application of the doctrine of corporate opportunity, or any other analogous doctrine, with respect to the Company and its Subsidiaries, to the Stockholders and any Transferees thereof pursuant to
Section 2.1 or any Directors of the Company (other than any such Person who is an employee or officer of the Company or any of its Subsidiaries). The Company and each Stockholder acknowledges and agrees that no Stockholder
nor any of its Affiliates nor any Director (other than any such Person who is an employee or officer of the Company or any of its Subsidiaries) shall have any obligation to refrain from (a) engaging in the same or similar activities or lines of
business as the Company or any of its Subsidiaries or developing or marketing any products or services that compete, directly or indirectly, with those of the Company or any of its Subsidiaries, (b) investing or owning any interest publicly or
privately in, or developing a business relationship with, any Person engaged in the same or similar activities or lines of business as, or otherwise in competition with, the Company or any of its Subsidiaries or (c) doing business with any
client or customer of the Company or any of its Subsidiaries (each of the activities referred to in clauses (a), (b) and (c), a “Specified Activity”); provided, that in engaging in any such Specified Activity no Confidential
Information of the Company is used or disclosed in violation of any applicable confidentiality obligations. The Company (on behalf of itself and its Subsidiaries) and each other Stockholder renounces any interest or expectancy in, or in being
offered an opportunity to participate in, any Specified Activity that may be presented to or become known to any Stockholder or any of its Affiliates or any Director (other than any such Person who is an employee or officer of the Company or any of
its Subsidiaries) other than any such opportunity presented to a Director in his or her capacity as such. 

  
 21 

 ARTICLE VII 

INFORMATION AND ACCESS 

Section 7.1 Books and Records. The Company shall, and shall cause each of its Subsidiaries to, keep proper books of records and
account, in which full and correct entries shall be made of all financial transactions and the assets and business of the Company and each of its Subsidiaries in accordance with generally accepted accounting principles consistently applied. 

Section 7.2 Financial Statements and Other Information. 

(a) For as long as (x) a Significant Stockholder holds Shares and (y) the Company has not registered the Common Stock under the Exchange
Act, the Company shall deliver to such Significant Stockholder the following information and materials: 
 (i) as soon as reasonably
practicable, but not later than forty-five (45) days after the end of each applicable month, the monthly financial statements of the Company; 

(ii) commencing with the fiscal quarter ending on September 30, 2020, as soon as available, but in any event not later than sixty
(60) days after the end of the applicable fiscal quarter, the unaudited consolidated balance sheet of the Company and its subsidiaries, and the related statements of operations and cash flows for such quarter and for the period commencing on
the first day of the fiscal year and ending on the last day of such quarter, all certified by an appropriate officer of the Company as presenting fairly the consolidated financial condition as of such date and results of operations and cash flows
for the periods indicated in conformity with GAAP applied on a consistent basis, subject to normal year-end adjustments and the absence of footnotes required by GAAP; and 

(iii) as soon as available, but not later than one hundred and twenty (120) days after the end of each fiscal year of the Company, a
copy of the audited consolidated balance sheet of the Company and its subsidiaries as of the end of such fiscal year and the related statements of operations and cash flows for such fiscal year prepared in accordance with GAAP, setting forth in each
case in comparative form the figures for the previous year, all in reasonable detail and accompanied by a management summary and analysis of the operations of the Company for such fiscal year. 

(b) Promptly following each delivery of the Company’s quarterly and annual financial statements as contemplated by
Section 7.2(a)(ii) and Section 7.2(a)(iii), respectively, the Company shall cause its management team to schedule and participate in a teleconference call, including a question-and-answer period during which the applicable Stockholders and bona fide good faith proposed transferees (subject to such transferees’ prior execution of a customary written confidentiality
agreement with the Company in form and substance reasonably acceptable to the Company) may direct questions to the management team. 

  
 22 

 (c) Notwithstanding anything to the contrary herein, (i) no Stockholder shall be
entitled to receive the information specified in Section 7.2(a) and Section 7.2(b) above if a majority of the Directors (other than the Directors designated by such Stockholder) has determined, in
its reasonable discretion, that the delivery of such information to such Stockholder would be detrimental to the Company (including, without limitation, in circumstances where such Stockholder is Competitor), and (ii) no employee or other
Person that is a participant in the Management Incentive Plan shall have the right to view or inspect information relating to the awards of any other Person pursuant to the Management Incentive Plan. 

(d) Subject to Section 9.15, bona fide good faith proposed transferees may gain access to a password-protected
website or online data system maintained by the Company pursuant to this Section 7.2(d) (which, for the avoidance of doubt, shall contain the information and materials set forth in Section 7.2(a) and may participate in the
conference calls describe in Section 7.2(b), subject to their prior execution of a customary written confidentiality agreement with the Company in form and substance reasonably acceptable to the Company. 

ARTICLE VIII 

REGISTRATION RIGHTS 

Prior to the consummation of an initial public offering, the parties hereto shall enter into a registration rights agreement that shall
contain (a) customary demand registration rights in favor of the Major Stockholders, pursuant to which, among other things, the Major Stockholders holding twenty percent (20%) or more of the outstanding equity securities of the Company Offeror
shall be entitled to two (2) long-form registrations and an unlimited number of short-form demand registrations (subject to agreed minimum thresholds on expected proceeds) and (b) customary “piggyback” registration rights in
favor of the Major Stockholders and the Significant Stockholders except in the case of an initial public offering and other customary exceptions and, without cutbacks (other than customary proportional cutbacks). Each Stockholder will be subject to
customary lock-ups in connection with underwritten offerings. 
 ARTICLE IX 

MISCELLANEOUS 

Section 9.1 Notices. All notices, requests, demands, document deliveries, and other communications hereunder shall be deemed given
if in writing and delivered, if sent by email, courier, or by registered or certified mail (return receipt requested) to the following addresses and email addresses (or at such other addresses and email addresses as shall be specified by like
notice): 

  
 23 

	 	(a)	 If to the Company, to: 

Hi-Crush Inc. 

1330 Post Oak Blvd., Suite 600 

Houston, Texas 77056 
 Attn:
Mark C. Skolos 
 Tel: (713) 980-6200 

Email: mskolos@hicrush.com 

with a copy to: 

Latham & Watkins LLP 

885 Third Avenue 
 New York, NY
10022 
 Attn: Keith A. Simon 

        Annemarie V. Reilly 

Tel: (212) 906-1372 

Fax: (212) 751-4864 

Email: keith.simon@lw.com 

            annemarie.reilly@lw.com 

 

	 	(b)	 If to the Consenting Noteholders, to: 

Paul, Weiss, Rifkind, Wharton & Garrison LLP 

1285 Avenue of the Americas 

New York, NY 10019-6064 
 Attn:
Brian Hermann 
             Sarah Stasny 

Email: bhermann@paulweiss.com 

            sstasny@paulweiss.com 

 

	 	(c)	 If to the New Secured Convertible Noteholders, to: 

Wilmington Savings Fund Society, FSB 

WSFS Bank Center 
 500 Delaware
Avenue, 11th Floor 
 Wilmington, Delaware 19801 

Attn: Global Capital Markets – Hi-Crush 

 

	 	(d)	 if to any Stockholder, at its address as it appears on the record books of the Company. 

Section 9.2 Successors and Assigns; Third Party Beneficiaries. This Agreement shall inure to the benefit of and be binding upon
successors and permitted assigns of the parties hereto. This Agreement is not assignable except in connection with a transfer of Shares in accordance with this Agreement. No Person other than the parties hereto and their successors and permitted
assigns is intended to be a beneficiary of this Agreement. 

  
 24 

 Section 9.3 Amendment and Waiver. 

(a) No failure or delay on the part of any party hereto in exercising any right, power or remedy hereunder shall operate as a waiver thereof,
nor shall any single or partial exercise of any such right, power or remedy preclude any other or further exercise thereof or the exercise of any other right, power or remedy. The remedies provided for herein are cumulative and are not exclusive of
any remedies that may be available to the parties hereto at law, in equity or otherwise. 
 (b) The terms and provisions of this Agreement
may not be modified, supplemented, amended or waived, except pursuant to a writing signed by the Company and the holders of a majority of the then-issued and outstanding Common Stock; provided, however, that any such modification,
supplement, amendment or waiver that disproportionately and materially adversely affects the rights or obligations of any Stockholder or Stockholders under this Agreement as compared to any other Stockholder or Stockholders shall require the prior
written consent of such Stockholder or holders of a majority of the then issued and outstanding Common Stock of such similarly-situated Stockholders so affected by such modification, supplement, amendment or waiver; provided further, that any
modification, supplement, amendment or waiver that materially adversely affects the rights or obligations of any Stockholder or Stockholders under Section 3.1, Section 3.2, Section 3.3,
Section 7.2 or this Section 9.3 shall require the prior written consent of such Stockholders so affected by such modification, supplement, amendment or waiver; provided further, that any amendment to the
definition of Major Stockholder or Significant Stockholder or any amendment of the rights of the Major Stockholders or the Significant Stockholders shall require the prior written consent of at least a majority of the Major Stockholders or the
Significant Stockholders, as applicable, as of such time. Any such modification, supplement, amendment, waiver or consent provided in accordance with this Section 9.3(b) shall be binding upon the Company and all of the
Stockholders. 
 Section 9.4 Counterparts. This Agreement may be executed in any number of counterparts, and by the parties
hereto in separate counterparts each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. 

Section 9.5 Specific Performance. The parties hereto intend that each of the parties have the right to seek damages or specific
performance in the event that any other party hereto fails to perform such party’s obligations hereunder. Therefore, if any party shall institute any action or proceeding to enforce the provisions hereof, any party against whom such action or
proceeding is brought hereby waives any claim or defense therein that the plaintiff party has an adequate remedy at law. 
 Section 9.6
Headings. The headings in this Agreement are for convenience of reference only and shall not limit or otherwise affect the meaning hereof. 

  
 25 

 Section 9.7 Organizational Documents. In the event that any provisions of this
Agreement conflict or are inconsistent with the provisions of the Company’s Charter Documents, the provisions of this Agreement shall control, and each of the parties to this Agreement covenants and agrees to vote its Shares and to take any
other action reasonably requested by the Company or any Stockholder to amend the applicable Charter Document of the Company, as the case may be and to the maximum extent permitted by applicable law, so as to avoid or eliminate any conflict with the
provisions hereof. 
 Section 9.8 Governing Law; Consent to Jurisdiction. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE WITHOUT REGARD TO THE PRINCIPLES OF CONFLICTS OF LAW THEREOF. The parties hereto irrevocably submit to the exclusive jurisdiction of any state or federal court sitting in the State of Delaware over
any suit, action or proceeding arising out of or relating to this Agreement or the affairs of the Company. To the fullest extent they may effectively do so under applicable law, the parties hereto irrevocably waive and agree not to assert, by way of
motion, as a defense or otherwise, any claim that they are not subject to the jurisdiction of any such court, any objection that they may now or hereafter have to the laying of the venue of any such suit, action or proceeding brought in any such
court and any claim that any such suit, action or proceeding brought in any such court has been brought in an inconvenient forum. 

Section 9.9 WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT
MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR
ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER, AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO
ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 
 Section 9.10
Severability. If any one or more of the provisions contained herein, or the application thereof in any circumstance, is held invalid, illegal or unenforceable in any respect for any reason, the validity, legality and enforceability of any
such provision in every other respect and of the remaining provisions hereof shall not be in any way impaired, unless the provisions held invalid, illegal or unenforceable shall substantially impair the benefits of the remaining provisions hereof.

 Section 9.11 Rules of Construction. Unless the context otherwise requires, references to sections or subsections refer to
sections or subsections of this Agreement. 
 Section 9.12 Entire Agreement. This Agreement, together with the exhibits hereto,
is intended by the parties as a final expression of their agreement and intended to be a complete and exclusive statement of the agreement and understanding of the parties hereto in respect of the subject matter contained herein and therein. There
are no restrictions, promises, representations, warranties or undertakings, other than those set forth or referred to herein or therein. This Agreement, together with the exhibits hereto, supersede all prior agreements and understandings among the
parties with respect to such subject matter. 

  
 26 

 Section 9.13 Term of Agreement. This Agreement shall become effective upon the
execution hereof and shall terminate upon the earlier of (a) the QIPO Effective Date, (b) the closing of a Sale Transaction in accordance with the terms herein or (c) the complete liquidation or dissolution of the Company, provided that
any equity securities of a Subsidiary of the Company that are distributed in connection with such liquidation shall be held with substantially the same rights and protections with respect thereto as are set forth in this Agreement with respect to
the Common Stock. 
 Section 9.14 Further Assurances. Each of the parties shall, and shall cause their respective Affiliates to,
execute such documents and perform such further acts as may be reasonably required or desirable to carry out or to perform the provisions of this agreement. 

Section 9.15 Confidential Information. Each Stockholder shall, and shall cause its Authorized Recipients to, hold in strict
confidence and not disclose any Confidential Information of the Company, any other Stockholder, or any of their respective subsidiaries or Affiliates that is provided or made available to, or otherwise known by or in the possession of, such
Stockholder; provided, however, that the foregoing provision shall not apply to information which: (i) is or becomes generally known to the public (other than as a result of the breach of this
Section 9.15 by such Stockholder or any of its Authorized Recipients); or (ii) is or becomes available to such Stockholder or one or more of its Authorized Recipients on a
non-confidential basis from a source other than the Company or its subsidiaries or any other Stockholder or their Authorized Recipients, or other Person known by such Stockholder to otherwise be restricted by
law, contract or fiduciary duty from disclosing such Confidential Information. As used in this Agreement, the term “Confidential Information” means information, whether oral or written, that is not generally known to the public and
that is used, developed or obtained by the Company or any of its subsidiaries or any Stockholder, or any of their respective Affiliates, in connection with their respective businesses, including processes, ideas, inventions (whether patentable or
not), know-how, formulae, schematics, trade secrets, trademarks, copyrights, patents, designs and all other intellectual property and proprietary information, books, records, financial statements, customer and
prospect lists, details regarding products and services, marketing plans, techniques, strategies and information, sales information and all other technical, business, financial, customer and product development plans, forecasts, budgets,
projections, analyses, compilations, strategies and information, previously, presently, or subsequently disclosed to any Stockholder or of its Authorized Recipients. For purposes of this Section 9.15, Confidential
Information may be disclosed by any Stockholder (A) to any of its Affiliates, directors, officers, managers, shareholders, members, partners, employees, counsel, agents and authorized representatives who are, in each case, subject to a written
confidentiality agreement pursuant to which such recipient of Confidential Information agrees to be bound by customary confidentiality undertakings or is otherwise bound by a duty of confidentiality (collectively, “Authorized
Recipients”), and such Stockholder shall remain liable for any breach by such Authorized Recipients with this Section 9.15; provided, however, that for the purposes of the definition of the

  
 27 

 
term “Authorized Recipient”, the term “Affiliate” shall be deemed to exclude any business which is a Competitor to the Company and its members, directors, senior advisors,
principals, officers or employees, whether (in the case of an entity) now in existence or formed hereafter; and, notwithstanding the foregoing, (B)(x) to a bona fide proposed Third Party Purchaser, provided a transfer of Common Stock to such
proposed Third Party Purchaser would not result in a Prohibited Transfer, solely with respect to Confidential Information that relates to the Company and its subsidiaries (and not any other Stockholder) under a written confidentiality agreement
pursuant to which such recipient of Confidential Information agrees to be bound by customary confidentiality undertakings; or (y) when compelled by governmental rule or regulation, or compelled by legal process or judicial or governmental order
(including any subpoena, discovery or information request), provided, however, that with respect to clause (B)(y), such Stockholder (and/or its or their Authorized Recipients) shall provide the Company or other Stockholder (as the case
may be) with prompt written notice thereof (including the circumstances relating to such obligation) and the Confidential Information to be disclosed as far in advance of its disclosure as reasonably practicable so that the Company or other
Stockholder (as the case may be) may seek an appropriate protective order or other appropriate remedy, use reasonable efforts to ensure that any Confidential Information so disclosed is accorded confidential treatment, or waive compliance by such
Stockholder. For purposes of clause (B)(y) of the preceding sentence, a Stockholder and its Authorized Recipients shall be entitled to rely conclusively on an opinion of its (or their) nationally recognized outside counsel that such Stockholder
(and/or its or their Authorized Recipients) is (or are) compelled by governmental rule or regulation, legal process or court order to disclose any such Confidential Information. 

[Signature Page Follows] 

  
 28 

 IN WITNESS WHEREOF, the undersigned have executed, or have caused to be executed, this
Stockholders Agreement on the date first written above. 
  

					
	COMPANY:
	
	HI-CRUSH INC.
		
	By:	 	/s/ J. Philip McCormick, Jr.
		 	Name:	 	J. Philip McCormick, Jr.
		 	Title:	 	Chief Financial Officer

 [Signature Page to Stockholders Agreement] 

 
			
	CONSENTING NOTEHOLDER:
	
	ASSURED INVESTMENT
	MANAGEMENT LLC
		
	By:	 	/s/ Seendy Fouron
		 	Name: Seendy Fouron
		 	Title:   Deputy General Counsel

 [Signature Page to Stockholders Agreement] 

 
			
	NEW SECURED CONVERTIBLE
	NOTEHOLDER AND STOCKHOLDER:
	
	BLUEMOUNTAIN FOINAVEN MASTER
	FUND L.P.
	By:	 	Assured Investment Management LLC, its investment manager
		
	By:	 	/s/ Seendy Fouron
		 	Name: Seendy Fouron
		 	Title:   Deputy General Counsel

 [Signature Page to Stockholders Agreement] 

 
			
	NEW SECURED CONVERTIBLE
	NOTEHOLDER AND STOCKHOLDER:
	
	BLUEMOUNTAIN FURSAN FUND L.P.
	By:	 	Assured Investment Management LLC, its investment manager
		
	By:	 	/s/ Seendy Fouron
		 	Name: Seendy Fouron
		 	Title:   Deputy General Counsel

 [Signature Page to Stockholders Agreement] 

 
			
	NEW SECURED CONVERTIBLE
	NOTEHOLDER AND STOCKHOLDER:
	
	BLUEMOUNTAIN SUMMIT
	OPPORTUNITIES FUND II (US) L.P.
	By:	 	Assured Investment Management LLC, its investment manager
		
	By:	 	/s/ Seendy Fouron
		 	Name: Seendy Fouron
		 	Title:   Deputy General Counsel

 [Signature Page to Stockholders Agreement] 

 
			
	NEW SECURED CONVERTIBLE
	NOTEHOLDER AND STOCKHOLDER:
	
	BM HCR HOLDINGS LLC
	By:	 	Assured Investment Management LLC, its investment manager
		
	By:	 	/s/ Seendy Fouron
		 	Name: Seendy Fouron
		 	Title:   Deputy General Counsel

 [Signature Page to Stockholders Agreement] 

 
			
	CONSENTING NOTEHOLDER AND
	STOCKHOLDER:
	
	PINEBRIDGE INVESTMENTS LLC, as Investment Manager on behalf of its managed funds and accounts set forth on Schedule A
		
	By:	 	/s/ Jeremy Burton
		 	Name: Jeremy Burton
		 	Title: Managing Director

 [Signature Page to Stockholders Agreement] 

 
			
	CONSENTING STOCKHOLDER:
	
	PINEBRIDGE INVESTMENTS LLC,
	as Investment Manager on behalf of its managed
	funds and accounts set forth on Schedule B
		
	By:	 	/s/ Jeremy Burton
		 	Name: Jeremy Burton
		 	Title:  Managing Director

 [Signature Page to Stockholders Agreement] 

 
			
	CONSENTING NOTEHOLDER AND
	STOCKHOLDER:
	
	CLEARLAKE CAPITAL PARTNERS V
	FINANCE, L.P.
	By: Clearlake Capital Partners V GP, L.P.,
	its General Partner
		
	By:	 	/s/ Jose E. Feliciano
		 	Name: Jose E. Feliciano
		 	Title: Managing Partner
		
	By:	 	Clearlake Capital Partners, LLC,
		 	its General Partner
		
	By:	 	/s/ Jose E. Feliciano
		 	Name: Jose E. Feliciano
		 	Title: Managing Partner

 [Signature Page to Stockholders Agreement] 

 
					
	CONSENTING NOTEHOLDER:
	
	WHITEBOX ADVISORS LLC
		
	By:	 	/s/ Luke Harris
		 	Name:	 	Luke Harris
		 	Title:	 	General Counsel – Corporate,
		 		 	Transactions & Litigation

 [Signature Page to Stockholders Agreement] 

 
			
	NEW SECURED CONVERTIBLE
	NOTEHOLDER AND STOCKHOLDER:
	
	WHITEBOX RELATIVE VALUE PARTNERS, L.P.
	By:	 	Whitebox Advisors LLC, its investment manager
		
	By:	 	/s/ Luke Harris
		 	Name: Luke Harris
		 	Title:  General Counsel – Corporate,
		 	    Transactions & Litigation

 [Signature Page to Stockholders Agreement] 

 
			
	NEW SECURED CONVERTIBLE
	NOTEHOLDER AND STOCKHOLDER:
	
	WHITEBOX CREDIT PARTNERS, LP
	By:	 	Whitebox Advisors LLC, its investment manager
		
	By:	 	/s/ Luke Harris
		 	Name: Luke Harris
		 	Title: General Counsel – Corporate,
		 	   Transactions & Litigation

 [Signature Page to Stockholders Agreement] 

 
			
	NEW SECURED CONVERTIBLE
	NOTEHOLDER AND STOCKHOLDER:
	
	WHITEBOX GT FUND, LP
	By:	 	Whitebox Advisors LLC, its investment manager
		
	By:	 	/s/ Luke Harris
		 	Name: Luke Harris
		 	Title:  General Counsel – Corporate,
		 	    Transactions & Litigation

 [Signature Page to Stockholders Agreement] 

 
			
	NEW SECURED CONVERTIBLE
	NOTEHOLDER AND STOCKHOLDER:
	
	WHITEBOX MULTI-STRATEGY
	PARTNERS, L.P.
	By:	 	Whitebox Advisors LLC, its investment manager
		
	By:	 	/s/ Luke Harris
		 	Name: Luke Harris
		 	Title:   General Counsel – Corporate,
		 	    Transactions & Litigation

 [Signature Page to Stockholders Agreement] 

 
			
	NEW SECURED CONVERTIBLE
	NOTEHOLDER AND STOCKHOLDER:
	
	PANDORA SELECT PARTNERS, L.P.
	By:	 	Whitebox Advisors LLC, its investment manager
		
	By:	 	/s/ Luke Harris
		 	Name: Luke Harris
		 	Title:   General Counsel – Corporate,
		 	            Transactions & Litigation

 [Signature Page to Stockholders Agreement] 

 
			
	CONSENTING NOTEHOLDER
	AND STOCKHOLDER:
	
	MSD CREDIT OPPORTUNITY MASTER
	FUND, L.P.
		
	By:	 	/s/ Marcello Liguori
		 	Name: Marcello Liguori
		 	Title:   Managing Director

 Signature Page to Stockholders Agreement 

 Exhibit A-1 

ACKNOWLEDGMENT AND AGREEMENT 

The undersigned wishes to receive from [insert name] (the “Transferor”) certain shares or certain options or other rights to
purchase [insert number] shares, par value $[insert number] per share, of Common Stock (the “Shares”) of Hi-Crush Inc., a Delaware corporation (the “Company”); 

The Shares are subject to the Stockholders Agreement, dated [insert date of Stockholders Agreement] (the “Agreement”), among the
Company and the other parties listed on the signature pages thereto; 
 The undersigned has been given a copy of the Agreement and afforded
ample opportunity to read and to have counsel review it, and the undersigned is thoroughly familiar with its terms; 
 Pursuant to the terms
of the Agreement, the Transferor is prohibited from transferring such Shares and the Company is prohibited from registering the transfer of the Shares unless and until a transfer is made in accordance with the terms and conditions of the Agreement
and the recipient of such Shares acknowledges the terms and conditions of the Agreement and agrees to be bound thereby; and 
 The
undersigned wishes to receive such Shares and have the Company register the transfer of such Shares. 
 In consideration of the mutual
promises contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and to induce the Transferor to transfer such Shares to the undersigned and the Company to register such transfer,
the undersigned does hereby acknowledge and agree that (i) he/she has been given a copy of the Agreement and afforded ample opportunity to read and to have counsel review it, and the undersigned is thoroughly familiar with its terms,
(ii) the Shares are subject to the terms and conditions set forth in the Agreement, and (iii) the undersigned does hereby agree fully to be bound thereby as Stockholder (as therein defined). 

This ________ day of ________, 20__. 

 Exhibit A-2 

ACKNOWLEDGMENT AND AGREEMENT 

The undersigned wishes to receive from Hi-Crush Inc., a Delaware corporation (the
“Company”), [insert number] shares, par value $[insert number] per share, of Common Stock, or certain newly issued options, warrants or other rights to purchase [insert number] shares of Common Stock (the
“Shares”), of the Company; 
 The Shares are subject to the Stockholders Agreement, dated [insert date of Stockholders Agreement]
(the “Agreement”), among the Company and the other parties listed on the signature pages thereto; 
 The undersigned has been
given a copy of the Agreement and afforded ample opportunity to read and to have counsel review it, and the undersigned is thoroughly familiar with its terms; 

Pursuant to the terms of the Agreement, the Company is prohibited from issuing the Shares unless and until a transfer is made
in accordance with the terms and conditions of the Agreement and the recipient of such Shares acknowledges the terms and conditions of the Agreement and agrees to be bound thereby; and 

The undersigned wishes to receive such Shares. 

In consideration of the mutual promises contained herein and for other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, and to induce the Company to issue such Shares, the undersigned does hereby acknowledge and agree that (i) he/she has been given a copy of the Agreement and afforded ample opportunity to read and to have counsel review
it, and the undersigned is thoroughly familiar with its terms, (ii) the Shares are subject to terms and conditions set forth in the Agreement, and (iii) the undersigned does hereby agree fully to be bound thereby as a
“Stockholder” (as therein defined). 
 This ________ day of ________, 20__.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00315-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00315-of-00352.parquet"}]]