Document:

EX-10.8

 Exhibit 10.8 

EXECUTION VERSION 
 FIRST
LIEN/FIRST LIEN INTERCREDITOR AGREEMENT 
 dated as of 

May 2, 2016 
 among 

BARCLAYS BANK PLC, 
 as Collateral
Agent, 
 BARCLAYS BANK PLC, 
 as
Authorized Representative under the Credit Agreement, 
 WELLS FARGO BANK, NATIONAL ASSOCIATION, 

as the Initial Other Authorized Representative, 

and 
 each additional Authorized
Representative from time to time party hereto 
 relating to 

PRIME SECURITY SERVICES BORROWER, LLC 

							
	TABLE OF CONTENTS	 
			
	 	 	 	  	Page	 
	
	ARTICLE I	 
	
	Definitions	 
			
	 SECTION 1.01
	 	 Construction; Certain Defined Terms
	  	 	1	 
	
	ARTICLE II	 
	
	Priorities and Agreements with Respect to Common Collateral	 
			
	 SECTION 2.01
	 	 Priority of Claims
	  	 	10	 
	 SECTION 2.02
	 	 Actions with Respect to Common Collateral; Prohibition on Contesting Liens
	  	 	11	 
	 SECTION 2.03
	 	 No Interference; Payment Over
	  	 	12	 
	 SECTION 2.04
	 	 Automatic Release of Liens; Amendments to First-Priority Collateral Documents
	  	 	13	 
	 SECTION 2.05
	 	 Certain Agreements with Respect to Bankruptcy or Insolvency Proceedings
	  	 	14	 
	 SECTION 2.06
	 	 Reinstatement
	  	 	15	 
	 SECTION 2.07
	 	 Insurance
	  	 	15	 
	 SECTION 2.08
	 	 Refinancings
	  	 	15	 
	 SECTION 2.09
	 	 Possessory Collateral Agent as Gratuitous Bailee/Agent for Perfection
	  	 	16	 
	
	ARTICLE III	 
	
	Existence and Amounts of Liens and Obligations	 
	
	ARTICLE IV	 
	
	The Collateral Agent	 
			
	 SECTION 4.01
	 	 Appointment and Authority
	  	 	17	 
	 SECTION 4.02
	 	 Rights as a First-Priority Secured Party
	  	 	18	 
	 SECTION 4.03
	 	 Exculpatory Provisions
	  	 	19	 
	 SECTION 4.04
	 	 Reliance by Collateral Agent
	  	 	20	 
	 SECTION 4.05
	 	 Delegation of Duties
	  	 	21	 
	 SECTION 4.06
	 	 Resignation of Collateral Agent
	  	 	21	 
	 SECTION 4.07
	 	 Non-Reliance on Collateral Agent and Other First-Priority
Secured Parties
	  	 	22	 
	 SECTION 4.08
	 	 Collateral and Guaranty Matters
	  	 	22	 

  
 i 

 ARTICLE V 

Miscellaneous 
  

							
	 SECTION 5.01
	 	 Notices
	  	 	22	 
	 SECTION 5.02
	 	 Waivers; Amendment; Joinder Agreements
	  	 	23	 
	 SECTION 5.03
	 	 Parties in Interest
	  	 	24	 
	 SECTION 5.04
	 	 Survival of Agreement
	  	 	24	 
	 SECTION 5.05
	 	 Counterparts
	  	 	24	 
	 SECTION 5.06
	 	 Severability
	  	 	24	 
	 SECTION 5.07
	 	 Governing Law
	  	 	24	 
	 SECTION 5.08
	 	 Submission to Jurisdiction; Waivers
	  	 	25	 
	 SECTION 5.09
	 	 WAIVER OF JURY TRIAL
	  	 	25	 
	 SECTION 5.10
	 	 Headings
	  	 	25	 
	 SECTION 5.11
	 	 Conflicts
	  	 	25	 
	 SECTION 5.12
	 	 Provisions Solely to Define Relative Rights
	  	 	25	 
	 SECTION 5.13
	 	 Authorized Representatives
	  	 	26	 
	 SECTION 5.14
	 	 Junior Lien Intercreditor Agreements
	  	 	26	 

 Annexes and Exhibits 

Annex A     Consent of Grantors 
  

  
 ii 

 This FIRST LIEN/FIRST LIEN INTERCREDITOR AGREEMENT (as amended, restated, modified or
supplemented from time to time, this “Agreement”), dated as of May 2, 2016, is among BARCLAYS BANK PLC (as successor in interest to Credit Suisse AG, Cayman Islands Branch), as Collateral Agent for the First-Priority
Secured Parties (in such capacity and together with its successors in such capacity, the “Collateral Agent”), BARCLAYS BANK PLC (as successor in interest to Credit Suisse AG, Cayman Islands Branch), as Administrative Agent
for the Credit Agreement Secured Parties (in such capacity and together with its successors in such capacity, the “Administrative Agent”), WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee for the Initial Other
First-Priority Secured Parties (in such capacity and together with its successors in such capacity, the “Initial Other Authorized Representative”), and each additional Authorized Representative from time to time party hereto
for the Other First-Priority Secured Parties of the Series with respect to which it is acting in such capacity, as consented to by the Grantors in the Consent of Grantors. 

In consideration of the mutual agreements herein contained and other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the Collateral Agent, the Administrative Agent (for itself and on behalf of the Credit Agreement Secured Parties), the Initial Other Authorized Representative (for itself and on behalf of the Initial Other First-Priority Secured
Parties) and each additional Authorized Representative (for itself and on behalf of the Other First-Priority Secured Parties of the applicable Series) agree as follows: 

ARTICLE I 
 Definitions

 SECTION 1.01 Construction; Certain Defined Terms. 

(a) The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context may
require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”, “includes” and “including” shall be deemed to be followed by the phrase “without limitation”. The
word “will” shall be construed to have the same meaning and effect as the word “shall”. Unless the context requires otherwise, (i) any definition of or reference to any agreement, instrument, other document, statute or
regulation herein shall be construed as referring to such agreement, instrument, other document, statute or regulation as from time to time amended, supplemented or otherwise modified, (ii) any reference herein to any Person shall be construed
to include such Person’s successors and assigns, but shall not be deemed to include the subsidiaries of such Person unless express reference is made to such subsidiaries, (iii) the words “herein”, “hereof” and
“hereunder”, and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof, (iv) unless otherwise expressly stated herein, all references herein to Articles,
Sections and Annexes shall be construed to refer to Articles, Sections and Annexes of this Agreement, (v) unless otherwise expressly qualified herein, the words “asset” and “property” shall be construed to have the same
meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights and (vi) the term “or” is not exclusive. 

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

(c) Capitalized terms used and not otherwise defined herein shall have the meanings set forth in the Credit Agreement. As used in this
Agreement, the following terms have the meanings specified below: 
 “Administrative Agent” has the meaning assigned
to such term in the introductory paragraph of this Agreement, together with its successors and assigns. 

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

“Applicable Authorized Representative” means, with respect to any Common Collateral, (i) until the earlier of
(x) the Discharge of Credit Agreement Obligations and (y) the Non-Controlling Authorized Representative Enforcement Date, the Administrative Agent and (ii) from and after the earlier of
(x) the Discharge of Credit Agreement Obligations and (y) the Non-Controlling Authorized Representative Enforcement Date, the Major Non-Controlling Authorized
Representative. 

  
 2 

 “Authorized Representative” means (i) in the case of any Credit
Agreement Secured Obligations or the Credit Agreement Secured Parties, the Administrative Agent, (ii) in the case of the Initial Other First-Priority Obligations or the Initial Other First-Priority Secured Parties, the Initial Other Authorized
Representative and (iii) in the case of any Series of Other First-Priority Obligations or Other First-Priority Secured Parties that become subject to this Agreement after the date hereof, the Authorized Representative named for such Series in
the applicable Joinder Agreement. 
 “Bankruptcy Case” has the meaning assigned to such term in
Section 2.05(b). 
 “Bankruptcy Code” means Title 11 of the United States Code, as amended, or any similar
federal or state law for the relief of debtors. 
 “Bankruptcy Law” means the Bankruptcy Code, and all other
liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief laws of the United States of America or other applicable
jurisdictions from time to time in effect. 
 “Cash Management Obligations” means, with respect to any Person, all
obligations, whether now owing or hereafter arising, of such Person in respect of overdrafts or other liabilities owed to any other Person that arise from treasury, depositary or cash management services, including any automated clearing house or
other electronic transfers of funds, credit cards, purchase or debit cards, e-payable services or any similar transactions, including any services or transactions of the type referred to in the definition of
“Cash Management Agreement” in the Credit Agreement. 
 “Collateral” means all assets and properties
subject to Liens created pursuant to any First-Priority Collateral Document to secure one or more Series of First-Priority Obligations. 

“Collateral Agent” has the meaning assigned to such term in the introductory paragraph hereof, together with its
successors and assigns. 
 “Collateral Agreement” means the Collateral Agreement (First Lien) dated as of
July 1, 2015 among the Company, each other pledgor party thereto, the Collateral Agent and the other parties thereto, as amended, modified, supplemented, replaced or restated from time to time. 

“Common Collateral” means, at any time, Collateral in which the holders of two or more Series of First-Priority
Obligations (or their respective Authorized Representatives or the Collateral Agent on behalf of such holders) hold a valid and perfected security interest or Lien (including, without limitation, in respect of equity interests of Foreign
Subsidiaries directly owned by any Grantor that have been pledged as Collateral) at such time. If more than two Series of First-Priority Obligations are 

  
 3 

 
outstanding at any time and the holders of less than all Series of First-Priority Obligations hold a valid and perfected security interest or Lien in any Collateral at such time, then such
Collateral shall constitute Common Collateral for those Series of First-Priority Obligations that hold a valid and perfected security interest or Lien in such Collateral at such time and shall not constitute Common Collateral for any Series which
does not have a valid and perfected security interest or Lien in such Collateral at such time. 
 “Company” means
Prime Security Services Borrower, LLC, a Delaware limited liability company. 
 “Consent of Grantors” means the
Consent of Grantors in the form of Annex A attached hereto. 
 “Controlled” means the possession, directly or
indirectly, of the power to direct or cause the direction of the management or policies of a person, whether through the ownership of voting securities, by contract or otherwise. 

“Controlling Secured Parties” means, with respect to any Common Collateral, the Series of First-Priority Secured
Parties whose Authorized Representative is the Applicable Authorized Representative for such Common Collateral. 
 “Credit
Agreement” means that certain First Lien Credit Agreement, dated as of July 1, 2015, among the Company, Holdings, the lending institutions from time to time parties thereto, the Administrative Agent and the other parties thereto as
amended and restated by the Amended and Restated First Lien Credit Agreement, dated as of May 2, 2016 and as further amended, restated, supplemented or otherwise modified, Refinanced or replaced from time to time, including, in the event such
Credit Agreement is terminated or replaced and the Company subsequently enters into any “Credit Agreement” (as defined in the Initial Other First-Priority Agreement (or the Equivalent Provision thereof)), the Credit Agreement designated by
the Company to be the “Credit Agreement” hereunder. 
 “Credit Agreement Documents” means the Credit
Agreement and the other “Loan Documents” as defined in the Credit Agreement (or any Equivalent Provision thereof). 

“Credit Agreement Obligations” means all “Loan Obligations” (as such term is defined in the Credit Agreement
(or the Equivalent Provision thereof)) of the Company and other obligors under the Credit Agreement or any of the other Credit Agreement Documents, and all other obligations to pay principal, premium, if any, interest, fees and expenses (including
any interest, fees and expenses accruing after the commencement of any Insolvency or Liquidation Proceeding, regardless of whether allowed or allowable in such proceeding) when due and payable, and all other amounts due or to become due under or in
connection with the Credit Agreement Documents and the performance of all other Obligations of the obligors thereunder to the lenders and agents under the Credit Agreement Documents, according to the respective terms thereof. 

  
 4 

 “Credit Agreement Secured Obligations” means, collectively, (i) the
Credit Agreement Obligations and (ii) any First-Priority Cash Management Obligations and First-Priority Hedging Obligations included in the term “Credit Agreement Secured Obligations” as defined in the Collateral Agreement (or the
Equivalent Provision thereof). 
 “Credit Agreement Secured Parties” means the “Secured Parties” as
defined in the Credit Agreement (or the Equivalent Provision thereof). 
 “DIP Financing” has the meaning assigned
to such term in Section 2.05(b). 
 “DIP Financing Liens” has the meaning assigned to such term in
Section 2.05(b). 
 “DIP Lenders” has the meaning assigned to such term in Section 2.05(b). 

“Discharge” means, with respect to any Common Collateral and any Series of First-Priority Obligations, the date on
which such Series of First-Priority Obligations is no longer secured by such Common Collateral. The term “Discharged” has a corresponding meaning. 

“Discharge of Credit Agreement Obligations” means, with respect to any Common Collateral, the Discharge of the Credit
Agreement Obligations with respect to such Common Collateral; provided that the Discharge of Credit Agreement Obligations shall not be deemed to have occurred in connection with a Refinancing of such Credit Agreement Obligations or an
incurrence of future Credit Agreement Obligations with additional First-Priority Obligations secured by such Common Collateral under an Other First-Priority Agreement which has been designated in writing by the Company to the Collateral Agent and
each other Authorized Representative as the “Credit Agreement” for purposes of this Agreement. 
 “Equivalent
Provision” means, with respect to any reference to a specific provision of an agreement in effect on the date hereof (the “original agreement”), if such agreement is amended, restated, supplemented, modified or replaced after
the date hereof in a manner permitted hereby, the provision in such amended, restated, supplemented, modified or replacement agreement that is the equivalent to such specific provision in such original agreement. 

“Event of Default” means an Event of Default under and as defined in the Credit Agreement or any Other First-Priority
Agreement (or, in each case, the Equivalent Provision thereof). 
 “First-Priority Cash Management Obligations”
means any Cash Management Obligations secured by any Common Collateral under the First-Priority Collateral Documents. 

  
 5 

 “First-Priority Collateral Documents” means any agreement, instrument or
document entered into in favor of the Collateral Agent for purposes of securing any Series of First-Priority Obligations. 

“First-Priority Hedging Obligations” means any Hedging Obligations secured by any Common Collateral under the First-Priority Collateral Documents. 
 “First-Priority Obligations” means,
collectively, (i) the Credit Agreement Secured Obligations, (ii) each Series of Other First-Priority Obligations and (iii) any other First-Priority Hedging Obligations and First-Priority Cash Management Obligations (which shall be
deemed to be part of the Series of Other First-Priority Obligations to which they relate to the extent provided in the applicable Other First-Priority Agreement). 

“First-Priority Secured Parties” means (a) the Credit Agreement Secured Parties and (b) the Other
First-Priority Secured Parties with respect to each Series of Other First-Priority Obligations. 
 “Grantors” means
each of Holdings, the Company and such of the Subsidiaries of the Company that, in each case, has executed and delivered a First-Priority Collateral Document as a grantor thereunder with respect to two or more Series of First-Priority Obligations.

 “Hedging Obligations” means, with respect to any Person, the obligations of such Person under (a) currency
exchange, interest rate or commodity swap agreements, currency exchange, interest rate or commodity cap agreements, and currency exchange, interest rate or commodity collar agreements and (b) other agreements or arrangements designed to protect
such Person against fluctuations in currency exchange, interest rates or commodity prices, including any obligations of the type referred to in the definition of “Hedging Agreement” in the Credit Agreement. 

“Holdings” means Prime Security Services Holdings, LLC, a Delaware limited liability company. 

“Impairment” has the meaning assigned to such term in Section 1.01(b). 

“Initial Other Authorized Representative” has the meaning assigned to such term in the introductory paragraph to this
Agreement. 
 “Initial Other First-Priority Agreement” means that certain Indenture, dated as of March 19, 2014
(as amended, supplemented or otherwise modified from time to time, including pursuant to the First Supplemental Indenture, dated as of April 8, 2016), between The ADT Corporation (“ADT”) and Wells Fargo Bank, National
Association, trustee (the “Trustee”), pursuant to which ADT has issued $300,000,000 of 5.250% Senior Notes due 2020. 

“Initial Other First-Priority Obligations” means the Other First-Priority Obligations arising under or pursuant to the
Initial Other First-Priority Agreement. 

  
 6 

 “Initial Other First-Priority Secured Parties” means the holders of any
Initial Other First-Priority Obligations and the Initial Other Authorized Representative. 
 “Insolvency or Liquidation
Proceeding” means: 
 (1) any case commenced by or against the Company or any other Grantor under any Bankruptcy Law, any other
proceeding for the reorganization, recapitalization or adjustment or marshalling of the assets or liabilities of the Company or any other Grantor, any receivership or assignment for the benefit of creditors relating to the Company or any other
Grantor or any similar case or proceeding relative to the Company or any other Grantor or its creditors, as such, in each case whether or not voluntary; 

(2) any liquidation, dissolution, marshalling of assets or liabilities or other winding up of or relating to the Company or any other Grantor,
in each case whether or not voluntary and whether or not involving bankruptcy or insolvency (except for any voluntary liquidation, dissolution or other winding up to the extent permitted by the applicable Secured Credit Documents); or 

(3) any other proceeding of any type or nature in which substantially all claims of creditors of the Company or any other Grantor are
determined and any payment or distribution is or may be made on account of such claims. 
 “Intervening Creditor”
has the meaning assigned to such term in Section 2.01(a). 
 “Joinder Agreement” means the documents required
to be delivered by an Authorized Representative to the Collateral Agent pursuant to Section 5.19 of the Collateral Agreement (or the Equivalent Provision thereof) in order to create an additional Series of Other First-Priority Obligations or a
Refinancing of any Series of First-Priority Obligations. 
 “Lien” means, with respect to any asset, (a) any
mortgage, deed of trust, lien, hypothecation, pledge, charge, security interest or similar monetary encumbrance in or on such asset and (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title
retention agreement (or any financing lease having substantially the same economic effect as any of the foregoing) relating to such asset; provided that in no event shall an operating lease or an agreement to sell be deemed to constitute a
Lien. 
 “Major Non-Controlling Authorized Representative” means, with
respect to any Common Collateral, the Authorized Representative of the Series of Other First-Priority Obligations that constitutes the largest outstanding principal amount of any then outstanding Series of First-Priority Obligations with respect to
such Common Collateral. 
 “New York UCC” means the Uniform Commercial Code as from time to time in effect in the
State of New York. 

  
 7 

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

“Non-Controlling Authorized Representative Enforcement Date” means, with
respect to any Non-Controlling Authorized Representative, the date which is 180 days (throughout which 180 day period such Non-Controlling Authorized Representative
was the Major Non-Controlling Authorized Representative) after the occurrence of both (i) an Event of Default (under and as defined in the Other First-Priority Agreement under which such Non-Controlling
Authorized Representative is the Authorized Representative) and (ii) the Collateral Agent’s and each other Authorized Representative’s receipt of written notice from such Non-Controlling Authorized Representative certifying
that (x) such Non-Controlling Authorized Representative is the Major Non-Controlling Authorized Representative and that an Event of Default (under and as defined in
the Other First-Priority Agreement under which such Non-Controlling Authorized Representative is the Authorized Representative) has occurred and is continuing and (y) the First-Priority Obligations of the
Series with respect to which such Non-Controlling Authorized Representative is the Authorized Representative are currently due and payable in full (whether as a result of acceleration thereof or otherwise) in accordance with the terms of the
applicable Other First-Priority Agreement; provided that the Non-Controlling Authorized Representative Enforcement Date shall be stayed and shall not occur and shall be deemed not to have occurred with
respect to any Common Collateral (1) at any time the Administrative Agent or the Collateral Agent has commenced and is diligently pursuing any enforcement action with respect to such Common Collateral or (2) at any time the Grantor that
has granted a security interest in such Common Collateral is then a debtor under or with respect to (or otherwise subject to) any Insolvency or Liquidation Proceeding. 

“Non-Controlling Secured Parties” means, with respect to any Common
Collateral, the First-Priority Secured Parties which are not Controlling Secured Parties with respect to such Common Collateral. 

“Obligations” means any principal, interest, fees and expenses (including any interest, fees and expenses accruing
after the commencement of any Insolvency or Liquidation Proceeding, regardless of whether allowed or allowable in such proceeding), penalties, indemnifications, reimbursements (including reimbursement obligations with respect to letters of credit
and bankers’ acceptances), damages and other liabilities payable under the documentation governing any indebtedness; provided, that Obligations with respect to the Initial Other First-Priority Obligations shall not include fees or
indemnifications in favor of third parties other than the Initial Other Authorized Representative and the Initial Other First-Priority Secured Parties. 

“Other First-Priority Agreement” means “Other First Lien Agreement” as defined in the Collateral Agreement
(or the Equivalent Provision thereof) and includes the Initial Other First-Priority Agreement. 

  
 8 

 “Other First-Priority Obligations” means “Other First Lien
Obligations” as defined in the Collateral Agreement (or the Equivalent Provision thereof) and includes the Initial Other First-Priority Obligations. 

“Other First-Priority Secured Party” means the holders of any Other First-Priority Obligations and any Authorized
Representative with respect thereto and includes the Initial Other First-Priority Secured Parties. 
 “Person” means
any natural person, corporation, business trust, joint venture, association, company, partnership, limited liability company or government, individual or family trusts, or any agency or political subdivision thereof. 

“Possessory Collateral” means any Common Collateral in the possession of the Collateral Agent (or its agents or
bailees), to the extent that possession thereof perfects a Lien thereon under the Uniform Commercial Code of any jurisdiction or otherwise. Possessory Collateral includes, without limitation, any Certificated Securities, Promissory Notes,
Instruments, and Chattel Paper, in each case, delivered to or in the possession of the Collateral Agent under the terms of the First-Priority Collateral Documents. All capitalized terms used in this definition and not defined elsewhere in this
Agreement have the meanings assigned to them in the New York UCC. 
 “Proceeds” has the meaning assigned to
such term in Section 2.01(a). 
 “Refinance” means, in respect of any indebtedness, to refinance, extend,
renew, defease, amend, increase, modify, supplement, restructure, refund, replace or repay, or to issue other indebtedness or enter alternative financing arrangements, in exchange or replacement for such indebtedness (in whole or in part), including
by adding or replacing lenders, creditors, agents, borrowers and/or guarantors, and including in each case, but not limited to, after the original instrument giving rise to such indebtedness has been terminated and including, in each case, through
any credit agreement, indenture or other agreement. “Refinanced” and “Refinancing” have correlative meanings. 

“Secured Credit Documents” means (i) the Credit Agreement Documents, (ii) the Initial Other First-Priority
Agreement and (iii) each Other First-Priority Agreement. 
 “Series” means (a) with respect to the
First-Priority Secured Parties, each of (i) the Credit Agreement Secured Parties (in their capacities as such), (ii) the Initial Other First-Priority Secured Parties (in their capacities as such) and (iii) the Other First-Priority
Secured Parties that become subject to this Agreement after the date hereof that are represented by a common Authorized Representative (in its capacity as such for such Other First-Priority Secured Parties) and (b) with respect to any
First-Priority Obligations, each of (i) the Credit Agreement Secured Obligations, (ii) the Initial Other First-Priority Obligations and (iii) the Other First-Priority Obligations incurred pursuant to any Other First-Priority Agreement
(other than the Initial Other First-Priority Agreement), which pursuant to any Joinder Agreement, are to be represented hereunder by a common Authorized Representative (in its capacity as such for such Other First-Priority Obligations). 

  
 9 

 “Subsidiary” means, with respect to any person (herein referred to as the
“parent”), any corporation, partnership, association or other business entity (a) of which securities or other ownership interests representing more than 50% of the equity or more than 50% of the ordinary voting power or more than 50%
of the general partnership interests are, at the time any determination is being made, directly or indirectly, owned, Controlled or held, or (b) that is, at the time any determination is made, otherwise Controlled, by the parent or one or more
subsidiaries of the parent or by the parent and one or more subsidiaries of the parent. 
 ARTICLE II 

Priorities and Agreements with Respect to Common Collateral 

SECTION 2.01 Priority of Claims. 

(a) Anything contained herein or in any of the Secured Credit Documents to the contrary notwithstanding (but subject to Section 1.01(b)),
if an Event of Default has occurred and is continuing, and the Collateral Agent or any First-Priority Secured Party is taking action to enforce rights in respect of any Common Collateral, or any distribution is made in respect of any Common
Collateral in any Bankruptcy Case of any Grantor or any First-Priority Secured Party receives any payment pursuant to any intercreditor agreement (other than this Agreement) with respect to any Common Collateral, the proceeds of any sale, collection
or other liquidation of any such Common Collateral by any First-Priority Secured Party or received by the Collateral Agent or any First-Priority Secured Party pursuant to any such intercreditor agreement with respect to such Common Collateral and
proceeds of any such distribution (subject, in the case of any such distribution, to the sentence immediately following) to which the First-Priority Obligations are entitled under any intercreditor agreement (other than this Agreement) (all proceeds
of any sale, collection or other liquidation of any Common Collateral and all proceeds of any such distribution being collectively referred to as “Proceeds”), shall be applied by the Collateral Agent in the order specified in
Section 4.02 of the Collateral Agreement (or the Equivalent Provision thereof). Notwithstanding the foregoing, with respect to any Common Collateral for which a third party (other than a First-Priority Secured Party and, without limiting the
foregoing, after taking into account the effect of any applicable intercreditor agreements) has a lien or security interest that is junior in priority to the security interest of any Series of First-Priority Obligations but senior (as determined by
appropriate legal proceedings in the case of any dispute) to the security interest of any other Series of First-Priority Obligations (such third party an “Intervening Creditor”), the value of any Common Collateral or Proceeds
which are allocated to such Intervening Creditor shall be deducted on a ratable basis solely from the Common Collateral or Proceeds to be distributed in respect of the Series of First-Priority Obligations with respect to which such Impairment
exists. 

  
 10 

 (b) It is acknowledged that the First-Priority Obligations of any Series may, subject to the
limitations set forth in the then extant Secured Credit Documents, be increased, extended, renewed, replaced, restated, supplemented, restructured, repaid, refunded, Refinanced or otherwise amended or modified from time to time, all without
affecting the priorities set forth in Section 2.01(a) or the provisions of this Agreement defining the relative rights of the First-Priority Secured Parties of any Series. 

(c) Notwithstanding the date, time, method, manner or order of grant, attachment or perfection of any Liens securing any Series of
First-Priority Obligations granted on the Common Collateral and notwithstanding any provision of the Uniform Commercial Code of any jurisdiction, or any other applicable law or the Secured Credit Documents or any defect or deficiencies in the Liens
securing the First-Priority Obligations of any Series or any other circumstance whatsoever (but, in each case, subject to Section 1.01(b) hereof), each First-Priority Secured Party hereby agrees that the Liens securing each Series of
First-Priority Obligations on any Common Collateral shall be of equal priority. 
 SECTION 2.02 Actions with Respect to Common Collateral;
Prohibition on Contesting Liens. 
 (a) With respect to any Common Collateral, (i) notwithstanding Section 2.01, only the
Collateral Agent shall act or refrain from acting with respect to the Common Collateral (including with respect to any intercreditor agreement with respect to any Common Collateral), and then only on the instructions of the Applicable Authorized
Representative, (ii) the Collateral Agent shall not follow any instructions with respect to such Common Collateral (including with respect to any intercreditor agreement with respect to any Common Collateral) from any Non-Controlling Authorized
Representative (or any other First-Priority Secured Party other than the Applicable Authorized Representative) and (iii) no Non-Controlling Authorized Representative or other First-Priority Secured Party
(other than the Applicable Authorized Representative) shall or shall instruct the Collateral Agent to, commence any judicial or nonjudicial foreclosure proceedings with respect to, seek to have a trustee, receiver, liquidator or similar official
appointed for or over, attempt any action to take possession of, exercise any right, remedy or power with respect to, or otherwise take any action to enforce its security interest in or realize upon, or take any other action available to it in
respect of, any Common Collateral (including with respect to any intercreditor agreement with respect to any Common Collateral), whether under any First-Priority Collateral Document, applicable law or otherwise, it being agreed that only the
Collateral Agent, acting on the instructions of the Applicable Authorized Representative and in accordance with the applicable First-Priority Collateral Documents, shall be entitled to take any such actions or exercise any such remedies with respect
to Common Collateral. Notwithstanding the equal priority of the Liens securing each Series of First-Priority Obligations, the Collateral Agent (acting on the instructions of the Applicable Authorized Representative) may deal with the Common
Collateral as if such Applicable Authorized Representative had a senior Lien on such Collateral. No Non-Controlling Authorized Representative or Non-Controlling Secured
Party will contest, protest or object to any foreclosure proceeding or action brought by the Collateral Agent, the Applicable Authorized 

  
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Representative or the Controlling Secured Party or any other exercise by the Collateral Agent, the Applicable Authorized Representative or the Controlling Secured Party of any rights and remedies
relating to the Common Collateral or to cause the Collateral Agent to do so. The foregoing shall not be construed to limit the rights and priorities of any First-Priority Secured Party, Collateral Agent or any Authorized Representative with respect
to any Collateral not constituting Common Collateral. 
 (b) Each of the Authorized Representatives agrees that it will not accept any Lien
on any Common Collateral for the benefit of any Series of First-Priority Obligations (other than funds deposited for the discharge or defeasance of any Secured Credit Documents governing such Series of First-Priority Obligations) other than pursuant
to the First-Priority Collateral Documents and, by executing this Agreement (or a Joinder Agreement), each Authorized Representative and the Series of First-Priority Secured Parties for which it is acting hereunder agree to be bound by the
provisions of this Agreement and the other First-Priority Collateral Documents applicable to it. 
 (c) Each of the First-Priority Secured
Parties agrees that it will not (and hereby waives any right to) contest or support any other Person in contesting, in any proceeding (including any Insolvency or Liquidation Proceeding), the perfection, priority, validity or enforceability of a
Lien held by or on behalf of any of the First-Priority Secured Parties in all or any part of the Collateral, or the provisions of this Agreement; provided that nothing in this Agreement shall be construed to prevent or impair (i) the rights of
any of the Collateral Agent or any First-Priority Secured Party to enforce this Agreement or (ii) the rights of any First-Priority Secured Party from contesting or supporting any other Person in contesting the enforceability of any Lien
purporting to secure First-Priority Obligations constituting unmatured interest pursuant to Section 502(b)(2) of the Bankruptcy Code. 

SECTION 2.03 No Interference; Payment Over. 

(a) Each First-Priority Secured Party agrees that (i) it will not challenge or question in any proceeding the validity or enforceability
of any First-Priority Obligations of any Series or any First-Priority Collateral Document or the validity, attachment, perfection or priority of any Lien under any First-Priority Collateral Document or the validity or enforceability of the
priorities, rights or duties established by or other provisions of this Agreement; provided that nothing in this Agreement shall be construed to prevent or impair the rights of any First-Priority Secured Party from challenging or questioning
the validity or enforceability of any First-Priority Obligations constituting unmatured interest or the validity of any Lien relating thereto pursuant to Section 502(b)(2) of the Bankruptcy Code; (ii) it will not take or cause to be taken
any action the purpose or intent of which is, or could be, to interfere, hinder or delay, in any manner, whether by judicial proceedings or otherwise, any sale, transfer or other disposition of the Common Collateral by the Collateral Agent,
(iii) except as provided in Section 2.02, it shall have no right to (A) direct the Collateral Agent or any other First-Priority Secured Party to exercise any right, remedy or power with respect to any Common Collateral (including
pursuant to any intercreditor agreement) or (B) consent to the exercise by the Collateral Agent or any other First-Priority Secured Party of any right, 

  
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remedy or power with respect to any Common Collateral, (iv) it will not institute any suit or assert in any suit, bankruptcy, insolvency or other proceeding any claim against the Collateral
Agent or any other First-Priority Secured Party seeking damages from or other relief by way of specific performance, instructions or otherwise with respect to any Common Collateral, and none of the Collateral Agent, any Applicable Authorized
Representative or any other First-Priority Secured Party shall be liable for any action taken or omitted to be taken by the Collateral Agent, such Applicable Authorized Representative or other First-Priority Secured Party with respect to any Common
Collateral in accordance with the provisions of this Agreement, (v) it will not seek, and hereby waives any right, to have any Common Collateral or any part thereof marshaled upon any foreclosure or other disposition of such Collateral and
(vi) it will not attempt, directly or indirectly, whether by judicial proceedings or otherwise, to challenge the enforceability of any provision of this Agreement; provided that nothing in this Agreement shall be construed to prevent or
impair the rights of any of the Collateral Agent or any other First-Priority Secured Party to enforce this Agreement. 
 (b) Each
First-Priority Secured Party hereby agrees that, if it shall obtain possession of any Common Collateral or shall realize any proceeds or payment in respect of any such Common Collateral, pursuant to any First-Priority Collateral Document or by the
exercise of any rights available to it under applicable law or in any Insolvency or Liquidation Proceeding or through any other exercise of remedies (including pursuant to any intercreditor agreement), at any time prior to the Discharge of each
Series of First-Priority Obligations, then it shall hold such Common Collateral, proceeds or payment in trust for the other First-Priority Secured Parties and promptly transfer such Common Collateral, proceeds or payment, as the case may be, to the
Collateral Agent, to be distributed by the Collateral Agent in accordance with the provisions of Section 2.01(a) hereof. 
 SECTION
2.04 Automatic Release of Liens; Amendments to First-Priority Collateral Documents. 
 (a) If at any time any Common Collateral is
transferred to a third party or otherwise disposed of, in each case, in connection with any enforcement by the Collateral Agent in accordance with the provisions of this Agreement, then (whether or not any Insolvency or Liquidation Proceeding is
pending at the time) the Liens in favor of the Collateral Agent for the benefit of each Series of First-Priority Secured Parties upon such Common Collateral will automatically be released and discharged upon final conclusion of foreclosure
proceeding; provided that any proceeds of any Common Collateral realized therefrom shall be applied pursuant to Section 2.01 hereof. 

(b) Each First-Priority Secured Party agrees that the Collateral Agent may enter into any amendment (and, upon request by the Collateral
Agent, each Authorized Representative shall sign a consent to such amendment) to any First-Priority Collateral Document (including, without limitation, to release Liens securing any Series of First-Priority Obligations) so long as such amendment,
subject to clause (d) below, is not prohibited by the terms of each then extant Secured Credit Document. Additionally, each First-Priority Secured Party agrees that the Collateral Agent may enter into any

  
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amendment (and, upon request by the Collateral Agent, each Authorized Representative shall sign a consent to such amendment) to any First-Priority Collateral Document solely as such amendment to
such First-Priority Collateral Document relates to a particular Series of First-Priority Obligations (including, without limitation, to release Liens securing such Series of First-Priority Obligations) so long as, subject to clause (d) below,
(x) such amendment is in accordance with the Secured Credit Document pursuant to which such Series of First-Priority Obligations was incurred and (y) such amendment does not adversely affect the First-Priority Secured Parties of any other
Series. 
 (c) Each Authorized Representative agrees to execute and deliver (at the sole cost and expense of the Grantors) all such
authorizations and other instruments as shall reasonably be requested by the Collateral Agent to evidence and confirm any release of Common Collateral, whether in connection with a sale of such assets by the relevant owner pursuant to the preceding
clauses or otherwise, or amendment to any First-Priority Collateral Document provided for in this Section. 
 (d) In determining whether an
amendment to any First-Priority Collateral Document is not prohibited by this Section 2.04, the Collateral Agent may conclusively rely on a certificate of an officer of the Company stating in good faith that such amendment is not prohibited by
Section 2.04(b) above. 
 SECTION 2.05 Certain Agreements with Respect to Bankruptcy or Insolvency Proceedings. 

(a) This Agreement shall continue in full force and effect notwithstanding the commencement of any proceeding under the Bankruptcy Code or any
other Federal, state or foreign bankruptcy, insolvency, receivership or similar law by or against the Company or any of its Subsidiaries. 

(b) If any Grantor shall become subject to a case (a “Bankruptcy Case”) under the Bankruptcy Code and shall, as debtor(s)-in-possession, move for approval of financing (“DIP Financing”) to be provided by one or more lenders (the “DIP
Lenders”) under Section 364 of the Bankruptcy Code or the use of cash collateral under Section 363 of the Bankruptcy Code, each First-Priority Secured Party (other than any Controlling Secured Party or any Authorized
Representative of any Controlling Secured Party) agrees that it will raise no objection to any such financing or to the Liens on the Common Collateral securing the same (“DIP Financing Liens”) or to any use of cash collateral
that constitutes Common Collateral, unless any Controlling Secured Party, or an Authorized Representative of any Controlling Secured Party, shall then oppose or object to such DIP Financing or such DIP Financing Liens or use of cash collateral (and
(i) to the extent that such DIP Financing Liens are senior to the Liens on any such Common Collateral for the benefit of the Controlling Secured Parties, each Non-Controlling Secured Party will
subordinate its Liens with respect to such Common Collateral on the same terms as the Liens of the Controlling Secured Parties (other than any Liens of any First-Priority Secured Parties constituting DIP Financing Liens) are subordinated thereto,
and (ii) to the extent that such DIP Financing Liens rank pari passu with the Liens on any such Common Collateral granted to secure the First-Priority 

  
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Obligations of the Controlling Secured Parties, each Non-Controlling Secured Party will confirm the priorities with respect to such Common Collateral as
set forth herein), in each case so long as (A) the First-Priority Secured Parties of each Series retain the benefit of their Liens on all such Common Collateral pledged to the DIP Lenders, including proceeds thereof arising after the
commencement of such proceeding, with the same priority vis-a-vis all the other First-Priority Secured Parties (other than any Liens of the First-Priority Secured Parties constituting DIP Financing Liens) as existed prior to the commencement of the
Bankruptcy Case, (B) the First-Priority Secured Parties of each Series are granted Liens on any additional collateral pledged to any First-Priority Secured Parties as adequate protection or otherwise in connection with such DIP Financing or use
of cash collateral, with the same priority vis-a-vis the First-Priority Secured Parties as set forth in this Agreement, (C) if any amount of such DIP Financing or cash collateral is applied to repay any of the First-Priority Obligations, such
amount is applied pursuant to Section 2.01(a) of this Agreement, and (D) if any First-Priority Secured Parties are granted adequate protection, including in the form of periodic payments, in connection with such DIP Financing or use of
cash collateral, the proceeds of such adequate protection is applied pursuant to Section 2.01(a) of this Agreement; provided that the First-Priority Secured Parties of each Series shall have a right to object to the grant of a Lien to
secure the DIP Financing over any Collateral subject to Liens in favor of the First-Priority Secured Parties of such Series or its Authorized Representative that shall not constitute Common Collateral; and provided further that the
First-Priority Secured Parties receiving adequate protection shall not object to any other First-Priority Secured Party receiving adequate protection comparable to any adequate protection granted to such First-Priority Secured Parties in connection
with a DIP Financing or use of cash collateral. 
 SECTION 2.06 Reinstatement. In the event that any of the First-Priority Obligations shall
be paid in full and such payment or any part thereof shall subsequently, for whatever reason (including an order or judgment for disgorgement of a preference under the Bankruptcy Code, or any similar law, or the settlement of any claim in respect
thereof), be required to be returned or repaid, the terms and conditions of this Article II shall be fully applicable thereto until all such First-Priority Obligations shall again have been paid in full in cash. 

SECTION 2.07 Insurance. As between the First-Priority Secured Parties, the Collateral Agent, acting at the direction of the Applicable
Authorized Representative, shall have the right to adjust or settle any insurance policy or claim covering or constituting Common Collateral in the event of any loss thereunder and to approve any award granted in any condemnation or similar
proceeding affecting the Common Collateral. 
 SECTION 2.08 Refinancings. The First-Priority Obligations of any Series may be Refinanced, in
whole or in part, in each case without notice to, or the consent (except to the extent a consent is otherwise required to permit the refinancing transaction under any Secured Credit Document) of, any First-Priority Secured Party of any other Series,
all without affecting the priorities provided for herein or the other provisions hereof; provided that the Authorized Representative of the holders of any such Refinancing indebtedness shall have executed a Joinder Agreement on behalf of the
holders of such Refinancing indebtedness. 

  
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 SECTION 2.09 Possessory Collateral Agent as Gratuitous Bailee/Agent for Perfection. 

(a) The Collateral Agent agrees to hold any Common Collateral constituting Possessory Collateral that is part of the Collateral in its
possession or control (or in the possession or control of its agents or bailees) as gratuitous bailee and/or gratuitous agent for the benefit of each other First-Priority Secured Party and any assignee solely for the purpose of perfecting the
security interest granted in such Possessory Collateral, if any, pursuant to the applicable First-Priority Collateral Documents, in each case, subject to the terms and conditions of this Section 2.09. Pending delivery to the Collateral Agent,
each other Authorized Representative agrees to hold any Common Collateral constituting Possessory Collateral, from time to time in its possession, as gratuitous bailee and/or gratuitous agent for the benefit of each other First-Priority Secured
Party and any assignee, solely for the purpose of perfecting the security interest granted in such Possessory Collateral, if any, pursuant to the applicable First-Priority Collateral Documents, in each case, subject to the terms and conditions of
this Section 2.09. 
 (b) The duties or responsibilities of the Collateral Agent and each other Authorized Representative under this
Section 2.09 shall be limited solely to holding any Common Collateral constituting Possessory Collateral as gratuitous bailee and/or gratuitous agent for the benefit of each other First-Priority Secured Party for purposes of perfecting the Lien
held by such First-Priority Secured Parties therein. 
 (c) The agreement of the Collateral Agent to act as gratuitous bailee and/or
gratuitous agent pursuant to this Section 2.09 is intended, among other things, to satisfy the requirements of Sections 8-106(d)(3), 8-301(a)(2), 9-104(a)(2) and 9-313(c) of the UCC. 
 ARTICLE III 

Existence and Amounts of Liens and Obligations 

Whenever the Collateral Agent or any Authorized Representative shall be required, in connection with the exercise of its rights or the
performance of its obligations hereunder, to determine the existence or amount of any First-Priority Obligations of any Series, or the Common Collateral subject to any Lien securing the First-Priority Obligations of any Series, it may request that
such information be furnished to it in writing by each other Authorized Representative and shall be entitled to make such determination on the basis of the information so furnished; provided, however, that, if an Authorized Representative
shall fail or refuse reasonably promptly to provide the requested information, the requesting Collateral Agent or Authorized Representative shall be entitled to make any such determination or not make any determination by such method as it may, in
the exercise of its good faith judgment, determine, including by 

  
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reliance upon a certificate of the Company. The Collateral Agent and each Authorized Representative may rely conclusively, and shall be fully protected in so relying, on any determination made by
it in accordance with the provisions of the preceding sentence (or as otherwise directed by a court of competent jurisdiction) and shall have no liability to any Grantor, any First-Priority Secured Party or any other person as a result of such
determination. 
 ARTICLE IV 

The Collateral Agent 
 SECTION
4.01 Appointment and Authority. 
 (a) Each of the First-Priority Secured Parties hereby irrevocably appoints Barclays Bank PLC to act on its
behalf as the Collateral Agent hereunder and under each of the other First-Priority Collateral Documents and authorizes the Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Collateral Agent by
the terms hereof or thereof, including for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any Grantor to secure any of the First-Priority Obligations, together with such powers and discretion as are
reasonably incidental thereto. In this connection, the Collateral Agent and any co-agents, sub-agents and
attorneys-in-fact appointed by the Collateral Agent pursuant to Section 4.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion
thereof) granted under any of the First-Priority Collateral Documents, or for exercising any rights and remedies thereunder at the direction of the Applicable Authorized Representative, shall be entitled to the benefits of all provisions of this
Article IV and Section 9.05 of the Credit Agreement and the equivalent provision of any Other First-Priority Agreement (as though such co-agents, sub-agents and attorneys-in-fact were the “Collateral Agent” under the First-Priority Collateral Documents) as if set forth in full herein with respect thereto. 

(b) Each Non-Controlling Secured Party acknowledges and agrees that the Collateral Agent shall be
entitled, for the benefit of the First-Priority Secured Parties, to sell, transfer or otherwise dispose of or deal with any Common Collateral as provided herein and in the First-Priority Collateral Documents, without regard to any rights to which
Non-Controlling Secured Parties would otherwise be entitled as a result of holding any First-Priority Obligations. Without limiting the foregoing, each Non-Controlling Secured Party agrees that none of the
Collateral Agent, the Applicable Authorized Representative or any other First-Priority Secured Party shall have any duty or obligation first to marshal or realize upon any type of Common Collateral (or any other Collateral securing any of the
First-Priority Obligations), or to sell, dispose of or otherwise liquidate all or any portion of such Common Collateral (or any other Collateral securing any First-Priority Obligations), in any manner that would maximize the return to the Non-Controlling Secured Parties, notwithstanding that the order and timing of any such realization, sale, disposition or liquidation may affect the amount of proceeds actually received by the Non-Controlling Secured Parties from such realization, sale, disposition or liquidation. Each of the First-Priority Secured Parties waives any claim it may now or 

  
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hereafter have against the Collateral Agent or the Authorized Representative of any other Series of First-Priority Obligations or any other First-Priority Secured Party of any other Series
arising out of (i) any actions which the Collateral Agent, any Authorized Representative or any First-Priority Secured Party takes or omits to take (including, actions with respect to the creation, perfection or continuation of Liens on any
Collateral, actions with respect to the foreclosure upon, sale, release or depreciation of, or failure to realize upon, any of the Collateral and actions with respect to the collection of any claim for all or any part of the First-Priority
Obligations from any account debtor, guarantor or any other party) in accordance with the First-Priority Collateral Documents or any other agreement related thereto or to the collection of the First-Priority Obligations or the valuation, use,
protection or release of any security for the First-Priority Obligations, (ii) any election by any Applicable Authorized Representative or any holders of First-Priority Obligations, in any proceeding instituted under the Bankruptcy Code, of the
application of Section 1111(b) of the Bankruptcy Code or (iii) subject to Section 2.05 of this Agreement, any borrowing or grant of a security interest or administrative expense priority under Section 364 of the Bankruptcy Code
by the Company or any of its Subsidiaries, as debtor-in-possession. Notwithstanding any other provision of this Agreement, the Collateral Agent shall not accept any
Common Collateral in full or partial satisfaction of any First-Priority Obligations pursuant to Section 9-620 of the Uniform Commercial Code of any jurisdiction, without the consent of each Authorized
Representative representing holders of First-Priority Obligations for whom such Collateral constitutes Common Collateral. 
 SECTION 4.02
Rights as a First-Priority Secured Party. The Person serving as the Collateral Agent hereunder shall have the same rights and powers in its capacity as a First-Priority Secured Party under any Series of First-Priority Obligations that it holds as
any other First-Priority Secured Party of such Series and may exercise the same as though it were not the Collateral Agent and the term “First-Priority Secured Party” or “First-Priority Secured Parties” or (as applicable)
“Credit Agreement Secured Party”, “Credit Agreement Secured Parties”, “Other First-Priority Secured Party” or “Other First-Priority Secured Parties” shall, unless otherwise expressly indicated or unless the
context otherwise requires, include the Person serving as the Collateral Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other advisory
capacity for and generally engage in any kind of business with the Company or any Subsidiary of the Company or other Affiliate thereof as if such Person were not the Collateral Agent hereunder and without any duty to account therefor to any other
First-Priority Secured Party. 

  
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 SECTION 4.03 Exculpatory Provisions. 

(a) The Collateral Agent shall not have any duties or obligations except those expressly set forth herein and in the other First-Priority
Collateral Documents. Without limiting the generality of the foregoing, the Collateral Agent: 
 (i) shall not be subject to
any fiduciary or other implied duties of any kind or nature to any Person, regardless of whether an Event of Default has occurred and is continuing; 

(ii) shall not have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights
and powers expressly contemplated hereby or by the other First-Priority Collateral Documents that the Collateral Agent is required to exercise as directed in writing by the Applicable Authorized Representative; provided that the Collateral
Agent shall not be required to take any action that, in its opinion or the opinion of its counsel, may expose the Collateral Agent to liability or that is contrary to any First-Priority Collateral Document or applicable law; 

(iii) shall not, except as expressly set forth herein and in the other First-Priority Collateral Documents, have any duty to
disclose, and shall not be liable for the failure to disclose, any information relating to the Company or any of its Affiliates that is communicated to or obtained by the Person serving as the Collateral Agent or any of its Affiliates in any
capacity; 
 (iv) shall not be liable for any action taken or not taken by it (i) with the consent or at the request of
the Applicable Authorized Representative or (ii) in the absence of its own gross negligence or willful misconduct or (iii) in reliance on a certificate of an authorized officer of the Company stating that such action is not prohibited by
the terms of this Agreement. The Collateral Agent shall be deemed not to have knowledge of any Event of Default under any Series of First-Priority Obligations unless and until notice describing such Event of Default is given to the Collateral Agent
by the Authorized Representative of such First-Priority Obligations or the Company; 
 (v) shall not be responsible for or
have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with this Agreement or any other First-Priority Collateral Document, (ii) the contents of any certificate, report or other
document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any
default, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any other First-Priority Collateral Document or any other agreement, instrument or document, or the creation, perfection or priority of any Lien
purported to be created by the First-Priority Collateral Documents, (v) the value or the sufficiency of any Collateral for any Series of First-Priority Obligations, or (vi) the satisfaction of any condition set forth in any Secured Credit
Document, other than to confirm receipt of items expressly required to be delivered to the Collateral Agent; 
 (vi) shall
not have any fiduciary duties or contractual obligations of any kind or nature under any Other First-Priority Agreement (but shall be entitled to all protections provided to the Collateral Agent therein); 

  
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 (vii) with respect to the Credit Agreement, any Other First-Priority Agreement or
any First-Priority Collateral Document, may conclusively assume that the Grantors have complied with all of their obligations thereunder unless advised in writing by the Authorized Representative thereunder to the contrary specifically setting forth
the alleged violation; and 
 (viii) may conclusively rely on any certificate of an officer of the Company provided pursuant
to Section 2.04(d) hereof. 
 (b) Each First-Priority Secured Party acknowledges that, in addition to acting as the initial Collateral
Agent, Barclays Bank PLC also serves as Administrative Agent under the Credit Agreement and each First-Priority Secured Party hereby agrees not to assert any claim (including as a result of any conflict of interest) against Barclays Bank PLC, or any
successor, arising from the role of Administrative Agent under the Credit Agreement so long as Barclays Bank PLC, or any such successor is either acting in accordance with the express terms of such documents or otherwise has not engaged in gross
negligence or willful misconduct. 
 (c) The Initial Other Authorized Representative and the Initial Other First-Priority Secured Parties
hereby waive any claim they may now or hereafter have against the Collateral Agent or any other First-Priority Secured Parties arising out of (i) any actions which the Collateral Agent (or any of its representatives) takes or omits to take
(including actions with respect to the creation, perfection or continuation of Liens on any Collateral, actions with respect to the foreclosure upon, disposition, release or depreciation of, or failure to realize upon, any of the Collateral and
actions with respect to the collection of any claim for all or any part of the Obligations from any account debtor, guarantor or any other party) in accordance with any relevant First-Priority Collateral Documents, or any other agreement related
thereto, or to the collection of the Obligations or the valuation, use, protection or release of any security for the Obligations, (ii) any election by the Collateral Agent (or any of its agents), in any proceeding instituted under the
Bankruptcy Code, of the application of Section 1111(b) of the Bankruptcy Code, or (iii) subject to Section 2.05, any borrowing by, or grant of a security interest or administrative expense priority under Section 364 of the
Bankruptcy Code by, the Company or any of its Subsidiaries, as debtor-in-possession. 

SECTION 4.04 Reliance by Collateral Agent. The Collateral Agent shall be entitled to rely upon, and shall not incur any liability for relying
upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic message, Internet or intranet website posting or other distribution) believed by it to be genuine and to have been signed,
sent or otherwise authenticated by the proper Person. The Collateral Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper Person, and shall not incur any liability for relying
thereon. The Collateral Agent may consult with legal counsel (who may include, but shall not be limited to counsel for the Company or counsel for the Administrative Agent), independent accountants and other experts selected by it, and shall not be
liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts. 

  
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 SECTION 4.05 Delegation of Duties. The Collateral Agent may perform any and all of its duties and
exercise its rights and powers hereunder or under any other First-Priority Collateral Document by or through any one or more sub-agents appointed by the Collateral Agent. The Collateral Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers by or through their respective Affiliates. The exculpatory provisions of this Article shall apply to any such sub-agent and to the Affiliates of the Collateral Agent and any such sub-agent. 

SECTION 4.06 Resignation of Collateral Agent. The Collateral Agent may at any time give notice of its resignation as Collateral Agent under
this Agreement and the other First-Priority Collateral Documents to each Authorized Representative and the Company. Upon receipt of any such notice of resignation, the Applicable Authorized Representative shall have the right (subject, unless an
Event of Default relating to a payment default or the commencement of an Insolvency or Liquidation Proceeding has occurred and is continuing, to the consent of the Company (not to be unreasonably withheld or delayed)), to appoint a successor, which
shall be a bank or trust company with an office in the United States, or an Affiliate of any such bank or trust company with an office in the United States. If no such successor shall have been so appointed by the Applicable Authorized
Representative and shall have accepted such appointment within 10 days after the retiring Collateral Agent gives notice of its resignation, then the retiring Collateral Agent may, on behalf of the First-Priority Secured Parties, appoint a successor
Collateral Agent meeting the qualifications set forth above; provided that, if the Collateral Agent shall notify the Company and each Authorized Representative that no qualifying Person has accepted such appointment, then such resignation
shall nonetheless become effective in accordance with such notice and (a) the retiring Collateral Agent shall be discharged from its duties and obligations hereunder and under the other First-Priority Collateral Documents (except that in the
case of any collateral security held by the Collateral Agent on behalf of the First-Priority Secured Parties under any of the First-Priority Collateral Documents, the retiring Collateral Agent shall continue to hold such collateral security solely
for purposes of maintaining the perfection of the security interests of the First-Priority Secured Parties therein until such time as a successor Collateral Agent is appointed but with no obligation to take any further action at the request of the
Applicable Authorized Representative, any Other First-Priority Secured Parties or any Grantor) and (b) all payments, communications and determinations provided to be made by, to or through the Collateral Agent shall instead be made by or to
each Authorized Representative directly, until such time as the Applicable Authorized Representative appoints a successor Collateral Agent as provided for above in this Section. Upon the acceptance of a successor’s appointment as Collateral
Agent hereunder and under the First-Priority Collateral Documents, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring (or retired) Collateral Agent, and the retiring Collateral
Agent shall be discharged from all of its duties and obligations hereunder or under the other First-Priority Collateral Documents (if not already discharged therefrom as provided above in this Section). After the retiring Collateral Agent’s
resignation hereunder and under the other Loan Documents, the provisions of this Article, Sections 8.07 and 9.05 of the Credit Agreement and the equivalent provision of any Other First-Priority Agreement shall continue in effect for the benefit of
such retiring Collateral Agent, its sub-agents and their 

  
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respective Related Parties in respect of any actions taken or omitted to be taken by any of them while the retiring Collateral Agent was acting as Collateral Agent. Upon any notice of resignation
of the Collateral Agent hereunder and under the other First-Priority Collateral Documents, the Company agrees to use commercially reasonable efforts to transfer (and maintain the validity and priority of) the Liens in favor of the retiring
Collateral Agent under the First-Priority Collateral Documents to the successor Collateral Agent as promptly as practicable. 
 SECTION 4.07
Non-Reliance on Collateral Agent and Other First-Priority Secured Parties. Each First-Priority Secured Party, other than the Initial Other Authorized Representative, acknowledges that it has, independently and
without reliance upon the Collateral Agent, any Authorized Representative or any other First-Priority Secured Party or any of their Affiliates and based on such documents and information as it has deemed appropriate, made its own credit analysis and
decision to enter into this Agreement and the other Secured Credit Documents. Each First-Priority Secured Party also acknowledges that it will, independently and without reliance upon the Collateral Agent, any Authorized Representative or any other
First-Priority Secured Party or any of their Affiliates and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement,
any other Secured Credit Document or any related agreement or any document furnished hereunder or thereunder. 
 SECTION 4.08 Collateral and
Guaranty Matters. Each of the First-Priority Secured Parties irrevocably authorizes the Collateral Agent, at its option and in its discretion, 

(a) to release any Lien on any property granted to or held by the Collateral Agent under any First-Priority Collateral Document in accordance
with Section 2.04 of this Agreement or upon receipt of a written request from the Company stating that the release of such Lien is not prohibited by the terms of each then extant Secured Credit Document; and 

(b) to release any Grantor from its obligations under the First-Priority Collateral Documents upon receipt of a written request from the
Company stating that such release is not prohibited by the terms of each then extant Secured Credit Document. 
 ARTICLE V 

Miscellaneous 
 SECTION 5.01
Notices. All notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by telecopy, as follows: 

(a) if to the Collateral Agent or the Administrative Agent, to it as provided in the Credit Agreement; 

  
 22 

 (b) if to the Initial Other Authorized Representative, to it at as provided in the Initial Other
First-Priority Agreement; and 
 (c) if to any additional other Authorized Representative, to it at the address set forth in the applicable
Joinder Agreement. 
 Any party hereto may change its address or telecopy number for notices and other communications hereunder by notice to the other
parties hereto. All notices and other communications given to any party hereto in accordance with the provisions of this Agreement shall be deemed to have been given on the date of receipt (if a Business Day) and on the next Business Day thereafter
(in all other cases) if delivered by hand or overnight courier service or sent by telecopy or on the date five Business Days after dispatch by certified or registered mail if mailed, in each case delivered, sent or mailed (properly addressed) to
such party as provided in this Section 5.01 or in accordance with the latest unrevoked direction from such party given in accordance with this Section 5.01. As agreed to in writing among the Collateral Agent and each Authorized
Representative from time to time, notices and other communications may also be delivered by e-mail to the e-mail address of a representative of the applicable person
provided from time to time by such person. 
 SECTION 5.02 Waivers; Amendment; Joinder Agreements. 

(a) No failure or delay on the part of any party hereto in exercising any right or power hereunder shall operate as a waiver thereof, nor shall
any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other right or power. The rights and
remedies of the parties hereto are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of this Agreement or consent to any departure by any party therefrom shall in any event be
effective unless the same shall not be prohibited by paragraph (b) of this Section, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. No notice or demand on any party hereto in
any case shall entitle such party to any other or further notice or demand in similar or other circumstances. 
 (b) Neither this Agreement
nor any provision hereof may be terminated, waived, amended or modified (other than pursuant to any Joinder Agreement) except pursuant to an agreement or agreements in writing entered into by each Authorized Representative (or its authorized agent)
and the Company. Notwithstanding anything in this Section 5.02(b) to the contrary, this Agreement may be amended from time to time at the request of the Company, at the Company’s expense, and without the consent of any Authorized
Representative or any First-Priority Secured Party to add other parties holding Other First-Priority Obligations (or any agent or trustee therefor) to the extent such obligations are not prohibited by any Secured Credit Document. Each party to this
Agreement agrees that (i) at the request (and sole expense) of the Company, without the consent of any First-Priority Secured Party, each of the Authorized Representatives shall execute and deliver an acknowledgment and confirmation of such

  
 23 

 
modifications and/or enter into an amendment, a restatement or a supplement of this Agreement to facilitate such modifications (it being understood that such actions shall not be required for the
effectiveness of any such modifications) and (ii) the Company shall be a beneficiary of this Section 5.02(b). 
 (c)
Notwithstanding the foregoing, without the consent of any First-Priority Secured Party, any Authorized Representative may become a party hereto by execution and delivery of a Joinder Agreement in accordance with Section 5.19 of the Collateral
Agreement (or the Equivalent Provision thereof) and, upon such execution and delivery, such Authorized Representative and the Other First-Priority Secured Parties and Other First-Priority Obligations of the Series for which such Authorized
Representative is acting shall be subject to the terms hereof and the terms of the other First-Priority Collateral Documents applicable thereto. 

SECTION 5.03 Parties in Interest. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective
successors and assigns, as well as the other First-Priority Secured Parties, all of whom are intended to be bound by, and to be third party beneficiaries of, this Agreement. 

SECTION 5.04 Survival of Agreement. All covenants, agreements, representations and warranties made by any party in this Agreement shall be
considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of this Agreement. 
 SECTION
5.05 Counterparts. This Agreement may be executed in counterparts, each of which shall constitute an original but all of which when taken together shall constitute a single contract. Delivery of an executed signature page to this Agreement by
facsimile transmission or via electronic mail shall be as effective as delivery of a manually signed counterpart of this Agreement. 

SECTION 5.06 Severability. Any provision of this Agreement held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a particular provision in a
particular jurisdiction shall not invalidate such provision in any other jurisdiction. The parties shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of
which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 
 SECTION 5.07 Governing Law. THIS AGREEMENT
AND ANY CLAIMS, CONTROVERSY, DISPUTE OR CAUSES OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK,
WITHOUT REGARD TO ANY PRINCIPLE OF CONFLICTS OF LAW THAT COULD REQUIRE THE APPLICATION OF ANY OTHER LAW. 

  
 24 

 SECTION 5.08 Submission to Jurisdiction; Waivers. The Collateral Agent and each Authorized
Representative, on behalf of itself and the First-Priority Secured Parties of the Series for whom it is acting, irrevocably and unconditionally: 

(a) submits for itself and its property in any legal action or proceeding relating to this Agreement and the First-Priority Collateral
Documents, or for recognition and enforcement of any judgment in respect thereof, to the exclusive general jurisdiction of the state and federal courts located in New York County and appellate courts from any thereof and waives any objection to any
action instituted hereunder in any such court based on forum non conveniens, and any objection to the venue of any action instituted hereunder in any such court; 

(b) consents that any such action or proceeding may be brought in such courts and waives any objection that it may now or hereafter have to
the venue of any such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court and agrees not to plead or claim the same; 

(c) agrees that service of process in any such action or proceeding may be effected by mailing a copy thereof by registered or certified mail
(or any substantially similar form of mail), postage prepaid, to such Person (or its Authorized Representative) at the address referred to in Section 5.01 hereof; 

(d) agrees that nothing herein shall affect the right of any other party hereto (or any First-Priority Secured Party) to effect service of
process in any other manner permitted by law; and 
 (e) waives, to the maximum extent not prohibited by law, any right it may have to claim
or recover in any legal action or proceeding referred to in this Section 5.08 any special, exemplary, punitive or consequential damages. 

SECTION 5.09 WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO WAIVES ANY RIGHT IT MAY HAVE TO TRIAL BY JURY IN RESPECT OF ANY LITIGATION
BASED ON, OR ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, VERBAL OR WRITTEN STATEMENT OR ACTION OF ANY PARTY HERETO IN CONNECTION WITH THE SUBJECT MATTER HEREOF. 

SECTION 5.10 Headings. Article, Section and Annex headings used herein are for convenience of reference only, are not part of this
Agreement and are not to affect the construction of, or to be taken into consideration in interpreting, this Agreement. 
 SECTION 5.11
Conflicts. In the event of any conflict between the terms of this Agreement and the terms of any of the other Secured Credit Documents or First-Priority Collateral Documents, the terms of this Agreement shall govern. 

SECTION 5.12 Provisions Solely to Define Relative Rights. The provisions of this Agreement are and are intended solely for the purpose of
defining the 

  
 25 

 
relative rights of the First-Priority Secured Parties in relation to one another. None of the Company, any other Grantor or any other creditor thereof shall have any rights or obligations
hereunder, except as expressly provided in this Agreement (provided that nothing in this Agreement (other than Section 2.04, 2.05, 2.08, 2.09 or Article V) is intended to or will amend, waive or otherwise modify the provisions of the
Credit Agreement or any Other First-Priority Agreements), and none of the Company or any other Grantor may rely on the terms hereof (other than Sections 2.04, 2.05, 2.08, 2.09 and Article V). Nothing in this Agreement is intended to or shall impair
the obligations of any Grantor, which are absolute and unconditional, to pay the First-Priority Obligations as and when the same shall become due and payable in accordance with their terms. 

SECTION 5.13 Authorized Representatives. Each of the Authorized Representative under the Credit Agreement and the Initial Other Authorized
Representative is executing and delivering this Agreement solely in its capacity as such and pursuant to directions set forth in the Credit Agreement or the Initial Other First-Priority Agreement, as applicable; and in so doing, neither the
Authorized Representative under the Credit Agreement nor the Initial Other Authorized Representative shall be responsible for the terms or sufficiency of this Agreement for any purpose. Each of the Authorized Representative under the Credit
Agreement and the Initial Other Authorized Representative shall not have duties or obligations under or pursuant to this Agreement other than such duties expressly set forth in this Agreement as duties on its part to be performed or observed. In
entering into this Agreement, or in taking (or forbearing from) any action under or pursuant to this Agreement, each of the Authorized Representative under the Credit Agreement and the Initial Other Authorized Representative shall have and be
protected by all of the rights, immunities, indemnities and other protections granted to it under the Credit Agreement or the Initial Other First-Priority Agreement, as applicable. 

SECTION 5.14 Junior Lien Intercreditor Agreements. The Collateral Agent, the Administrative Agent, the Initial Other Authorized
Representative and each other Authorized Representative hereby appoint the Collateral Agent to act as First Lien Facility Agent and Applicable First Lien Agent on their behalf pursuant to and in connection with the execution of the First Lien/Second
Lien Intercreditor Agreement and as agent on their behalf pursuant to and in connection with the execution of any intercreditor agreements governing any Liens on the Common Collateral junior to Liens securing the First-Priority Obligations that are
incurred after the date hereof in compliance with the Secured Credit Documents. The Collateral Agent, solely in such capacity under any such intercreditor agreements, shall take direction from the Applicable Authorized Representative with respect to
the Common Collateral. 
 [Remainder of this page intentionally left blank] 

  
 26 

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

			
	BARCLAYS BANK PLC, as Collateral Agent

 
			
		
	By:	 	 /s/ Christopher R. Lee

		 	Name: Christopher R. Lee
		 	Title:   Vice President

 
			
	
	 BARCLAYS BANK PLC, as Authorized

Representative under the Credit Agreement

 
			
		
	By:	 	 /s/ Christopher R. Lee

		 	 Name: Christopher R. Lee

		 	 Title:   Vice President

 
			
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Initial Other Authorized Representative

 
			
		
	By:	 	 /s/ Stefan Victory

		 	Name: Stefan Victory
		 	Title:   Vice President

  
 [Signature Page to First
Lien/First Lien Intercreditor Agreement] 

 Annex A 

to First Lien/First Lien Intercreditor Agreement 

[Form of] 
 CONSENT OF
GRANTORS 
 Dated:
[                    ] 
 Reference is
made to the First Lien/First Lien Intercreditor Agreement, dated as of May 2, 2016, among Barclays Bank PLC, as Collateral Agent, Barclays Bank PLC, as Authorized Representative under the Credit Agreement, and Wells Fargo Bank, National
Association, as Initial Other Authorized Representative (as the same may be amended, restated, supplemented, waived, or otherwise modified from time to time, the “Intercreditor Agreement”). Capitalized terms used but not
defined herein shall have the meanings assigned to such terms in the Intercreditor Agreement. 
 Each of the Grantors party hereto has read
the foregoing Intercreditor Agreement and consents thereto. Each of the Grantors party hereto agrees that it will not take any action that would be contrary to the express provisions of the foregoing Intercreditor Agreement, agrees to abide by the
requirements expressly applicable to it under the foregoing Intercreditor Agreement and agrees that, except as otherwise provided therein, no First-Priority Secured Party shall have any liability to any Grantor for acting in accordance with the
provisions of the foregoing Intercreditor Agreement. Each of the Grantors party hereto confirms that the foregoing Intercreditor Agreement is for the sole benefit of the First-Priority Secured Parties and their respective successors and assigns, and
that no Grantor is an intended beneficiary or third party beneficiary thereof except to the extent otherwise expressly provided therein. 

Each of the Grantors party hereto agrees to take such further action and to execute and deliver such additional documents and instruments (in
recordable form, if requested) as the Collateral Agent may reasonably request to effectuate the terms of and the lien priorities contemplated by the Intercreditor Agreement. 

This Consent of Grantors shall be governed and construed in accordance with the laws of the State of New York. Notices delivered to the
Grantors pursuant to this Consent of Grantors shall be delivered in accordance with the notice provisions set forth in the Intercreditor Agreement. 

[Signatures follow.] 

 IN WITNESS HEREOF, this Consent of Grantors is hereby executed by each of the Grantors as of the
date first written above. 
  

			
	[NAMES OF GRANTORS]

 
			
		
	By:	 	  

		 	 Name:
 Title:

  
 [Signature Page to
Consent of Grantors]EX-10.9

 Exhibit 10.9 

EXECUTION VERSION 
  

 
 FIRST LIEN/SECOND LIEN
INTERCREDITOR AGREEMENT 
 dated as of 

July 1, 2015 
 between 

CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, 

as First Lien Facility Agent and Applicable First Lien Agent, 

and 
 CREDIT SUISSE AG, CAYMAN
ISLANDS BRANCH, 
 as Second Lien Facility Agent and Applicable Second Lien Agent 

 
  

relating to 
 PRIME SECURITY
SERVICES BORROWER, LLC 
  
  

 TABLE OF CONTENTS 

 

							
	SECTION 1. Definitions	  	 	4	 
			
	 1.1
	 	Defined Terms	  	 	4	 
	 1.2
	 	Terms Generally	  	 	16	 
		
	SECTION 2. Lien Priorities	  	 	16	 
			
	 2.1
	 	Subordination of Liens	  	 	16	 
	 2.2
	 	Prohibition on Contesting Liens	  	 	17	 
	 2.3
	 	No New Liens	  	 	17	 
	 2.4
	 	Confirmation of Subordination in Second Lien Obligations Collateral Documents	  	 	18	 
	 2.5
	 	Perfection of Liens	  	 	19	 
	 2.6
	 	Waiver of Marshalling	  	 	19	 
		
	SECTION 3. Enforcement	  	 	19	 
			
	 3.1
	 	Exercise of Remedies	  	 	19	 
	 3.2
	 	Cooperation	  	 	23	 
	 3.3
	 	Actions Upon Breach	  	 	24	 
		
	SECTION 4. Payments	  	 	24	 
			
	 4.1
	 	Nature of Claims	  	 	24	 
	 4.2
	 	Application of Proceeds	  	 	24	 
	 4.3
	 	Payments Over	  	 	25	 
		
	SECTION 5. Other Agreements	  	 	25	 
			
	 5.1
	 	Releases	  	 	25	 
	 5.2
	 	Insurance	  	 	27	 
	 5.3
	 	Amendments to Second Lien Obligations Collateral Documents	  	 	28	 
	 5.4
	 	Rights As Unsecured Creditors	  	 	29	 
	 5.5
	 	First Lien Obligations Representatives as Gratuitous Bailees/Gratuitous Agent for Perfection	  	 	29	 
	 5.6
	 	[Reserved]	  	 	31	 
	 5.7
	 	Reinstatement	  	 	31	 
	 5.8
	 	Refinancings	  	 	32	 
		
	SECTION 6. Insolvency or Liquidation Proceedings	  	 	32	 
			
	 6.1
	 	Financing Issues	  	 	32	 
	 6.2
	 	Relief from the Automatic Stay	  	 	33	 
	 6.3
	 	Adequate Protection	  	 	34	 
	 6.4
	 	Avoidance Issues	  	 	35	 
	 6.5
	 	Application	  	 	35	 
	 6.6
	 	Waivers	  	 	35	 
	 6.7
	 	Post-Petition Interest	  	 	36	 
	 6.8
	 	Separate Grants of Security and Separate Classification	  	 	36	 
	 6.9
	 	Reorganization Securities	  	 	37	 

  
 1 

					
	 6.10
	 	Voting	  	37
		
	SECTION 7. Reliance; Waivers; etc.	  	37
			
	 7.1
	 	Reliance	  	37
	 7.2
	 	No Warranties or Liability	  	38
	 7.3
	 	Obligations Unconditional	  	38
		
	SECTION 8. Miscellaneous	  	39
			
	 8.1
	 	Conflicts	  	39
	 8.2
	 	Continuing Nature of this Agreement; Severability	  	39
	 8.3
	 	Amendments; Waivers	  	39
	 8.4
	 	Information Concerning Financial Condition of the Company and its Subsidiaries	  	40
	 8.5
	 	Subrogation	  	40
	 8.6
	 	Application of Payments	  	41
	 8.7
	 	Governing Law; Jurisdiction; Consent to Service of Process; Waivers	  	41
	 8.8
	 	WAIVER OF JURY TRIAL	  	42
	 8.9
	 	Notices	  	42
	 8.10
	 	Further Assurances	  	43
	 8.11
	 	Additional Pledgors	  	43
	 8.12
	 	Binding on Successors and Assigns	  	43
	 8.13
	 	Specific Performance	  	43
	 8.14
	 	Section Titles	  	44
	 8.15
	 	Counterparts	  	44
	 8.16
	 	Authorization	  	44
	 8.17
	 	No Third Party Beneficiaries; Successors and Assigns	  	44
	 8.18
	 	Effectiveness of Agreement	  	44
	 8.19
	 	Agent Capacities	  	44
	 8.20
	 	Relative Rights	  	45
	 8.21
	 	References	  	46
	 8.22
	 	Requirements for Consent and Acknowledgment	  	46
	 8.23
	 	Intercreditor Agreements	  	48
		
	 Acknowledgement of and Consent to the First Lien/Second Lien Intercreditor Agreement
(Company and the Other Pledgors)
	  	

 EXHIBITS: 
  

			
	Exhibit A-1	  	Consent and Acknowledgment (Other First Lien Obligations)
		
	Exhibit A-2	  	Consent and Acknowledgment (Other Second Lien Obligations)

  
 2 

 FIRST LIEN/SECOND LIEN INTERCREDITOR AGREEMENT 

This FIRST LIEN/SECOND LIEN INTERCREDITOR AGREEMENT, dated as of July 1, 2015 (as amended, renewed, extended, supplemented, restated,
replaced or otherwise modified from time to time, this “Agreement”), is between CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH (“CS”), in its capacities as the First Lien Facility Agent and the Applicable First Lien Agent,
and CS, in its capacities as the Second Lien Facility Agent and the Applicable Second Lien Agent; and is acknowledged and consented to by (a) PRIME SECURITY SERVICES BORROWER, LLC, a Delaware limited liability company (together with its
successors in such capacity and as provided in Section 8.18 (Effectiveness of Agreement), the “Company”), and the other Pledgors, (b) each Other First Lien Obligations Agent, for itself and on behalf of the Other First
Lien Obligations Secured Parties, that has executed and delivered an applicable Consent and Acknowledgment, and (c) each Other Second Lien Obligations Agent, for itself and on behalf of the Other Second Lien Obligations Secured Parties, that
has executed and delivered an applicable Consent and Acknowledgment. Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the First Lien Credit Agreement (or equivalent term in any other First Lien Facility
or Other First Lien Obligations Credit Document). 
 BACKGROUND 

A. WHEREAS, the Company (i) is a party to that certain First Lien Credit Agreement dated as of the date hereof among Prime Security
Services Holdings, LLC, a Delaware limited liability company (“Holdings”), the Company, the lenders party thereto from time to time, and CS, as administrative agent, and (ii) may become a party to Other First Lien
Obligations Credit Documents from time to time hereafter; 
 B. WHEREAS, the Company (i) is a party to that certain Second Lien Credit
Agreement dated as of the date hereof among Holdings, the Company, the lenders party thereto from time to time, and CS, as administrative agent, and (ii) may become a party to Other Second Lien Obligations Credit Documents from time to time
hereafter; 
 C. WHEREAS, this Agreement governs the relationship between the First Lien Obligations Secured Parties as a group, on the one
hand, and the Second Lien Obligations Secured Parties as a group, on the other, with respect to the Common Collateral; and 
 D. WHEREAS, it
is understood and agreed that, after the date hereof, not all First Lien Obligations Secured Parties or Second Lien Obligations Secured Parties, as the case may be, may have security interests in all of the Collateral and nothing in this Agreement
is intended to give rights to any person in any Collateral in which such person (or its Representative or collateral agent) does not otherwise have a security interest. 

Accordingly, in consideration of the foregoing, the mutual covenants and obligations herein set forth and for other good and valuable
consideration, the sufficiency and receipt of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows: 

  
 3 

 SECTION 1. Definitions. 

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

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

“Applicable Agent” means either the Applicable First Lien Agent or the Applicable Second Lien Agent, as the context may
require. 
 “Applicable First Lien Agent” means the First Lien Facility Agent until it shall have notified in
writing the Applicable Second Lien Agent, the Second Lien Facility Agent (if not acting as the Applicable Second Lien Agent) and any Other First Lien Obligations Representative that another Representative has become the Applicable First Lien Agent
for the First Lien Obligations Secured Parties pursuant to a Permitted Pari Passu Intercreditor Agreement or other First Lien Obligations Documents. As of the date hereof, CS, in its capacity as the First Lien Facility Agent, shall act as the
Applicable First Lien Agent. 
 “Applicable Second Lien Agent” means the Second Lien Facility Agent until it shall
have notified in writing the Applicable First Lien Agent, the First Lien Facility Agent (if not acting as the Applicable First Lien Agent) and any Other Second Lien Obligations Representative that another Representative has become the Applicable
Second Lien Agent for the Second Lien Obligations Secured Parties pursuant to a Permitted Pari Passu Intercreditor Agreement (as defined in the Second Lien Credit Agreement) or other Second Lien Obligations Documents. As of the date hereof, CS, in
its capacity as the Second Lien Facility Agent, shall act as the Applicable Second Lien Agent. 
 “Bankruptcy Code” means
Title 11 of the United States Code, as amended, or any similar federal or state law for the relief of debtors. 
 “Bankruptcy
Law” means the Bankruptcy Code, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief laws of the
United States of America or other applicable jurisdictions from time to time in effect. 
 “Business Day” means any day
that is not a Saturday, Sunday or other day on which commercial banks in New York City are authorized or required by law to remain closed. 

  
 4 

 “Class” means, with respect to any Obligations, (a) all First Lien
Obligations (which, collectively, shall constitute one class) and (b) all Second Lien Obligations (which, collectively, shall constitute one class). 

“Closing Date” means July 1, 2015. 

“Collateral” means all assets and properties subject to Liens in favor of any First Lien Obligations Secured Parties or
Second Lien Obligations Secured Parties created by any of the First Lien Obligations Collateral Documents or the Second Lien Obligations Collateral Documents, as applicable, including any assets in which the Applicable First Lien Agent or the
relevant First Lien Obligations Representatives are automatically deemed to have a Lien pursuant to the provisions of Section 2.3 and including any asset subject to Liens granted pursuant to Section 6 (Insolvency or Liquidation
Proceedings) to secure both the First Lien Obligations and the Second Lien Obligations. 
 “Common Collateral” means the
portion of the Collateral granted to secure both one or more Series of the First Lien Obligations and one or more Series of the Second Lien Obligations. 

“Company” has the meaning assigned to such term in the preamble hereof. 

“Comparable Second Lien Obligations Collateral Document” means, in relation to any Common Collateral subject to any Lien
created under any First Lien Obligations Collateral Document, those Second Lien Obligations Collateral Documents that create a Lien on the same portion of Common Collateral, granted by the same Pledgor or Pledgors. 

“Consent and Acknowledgment” means, as applicable, either (a) an instrument in form and substance substantially similar
to Exhibit A-1 hereto or another instrument reasonably satisfactory to the Applicable First Lien Agent, the Applicable Second Lien Agent and the Company, pursuant to which any Other First Lien Obligations
Secured Party, through its Other First Lien Obligations Agent, acknowledges this Agreement and consents to be bound by the terms hereof in accordance with Section 8.22 (Requirements for Consent) or (b) an instrument in form and substance
substantially similar to Exhibit A-2 hereto or another instrument reasonably satisfactory to the Applicable First Lien Agent, the Applicable Second Lien Agent and the Company, pursuant to which any Other
Second Lien Obligations Secured Party, through its Other Second Lien Obligations Agent, acknowledges this Agreement and consents to be bound by the terms hereof in accordance with Section 8.22. 

“CS” has the meaning assigned to such term in the preamble hereof. 

“DIP Financing” has the meaning assigned to such term in Section 6.1. 

“Discharge” means, with respect to any Secured Obligations, except to the extent otherwise provided in Section 5.7
(Reinstatement) and Section 6.4 (Avoidance 

  
 5 

 
Issues) below, (a) payment in full in cash or other immediately available funds of the principal of, and interest (including interest, fees, and expenses accruing on or after the
commencement of an Insolvency or Liquidation Proceeding, whether or not such interest, fees, or expenses would be allowed in the proceeding) accrued on all outstanding Indebtedness included in such Secured Obligations after or concurrently with the
termination of all commitments to extend credit thereunder (other than, if applicable, pursuant to any Secured Cash Management Agreements or Secured Hedge Agreements, in each case as provided under the relevant Documents or as to which reasonably
satisfactory arrangements have been made with the relevant Cash Management Banks or Hedge Banks, as applicable, or their respective Affiliates, as the case may be), (b) with respect to any letters of credit or letters of credit guaranties that may
be outstanding in respect of any Secured Obligations, termination or delivery of cash collateral, backstop letters of credit or other credit support in respect thereof in an amount and manner in compliance with the applicable Documents, and
(c) payment in full in cash or other immediately available funds of any other Secured Obligations that are due and payable or otherwise accrued and owing at or prior to the time such principal and interest are paid (other than in respect of
contingent indemnification and expense reimbursement claims not then due); provided, that (i) the Discharge of the First Lien Facility Obligations shall not be deemed to have occurred if such payments are made with the proceeds of a
facility designated by the Company as a First Lien Facility or a Refinancing of the First Lien Facility Obligations, (ii) the Discharge of any Other First Lien Obligations shall not be deemed to have occurred if such payments are made with the
proceeds of any obligations that are designated by the Company as a Refinancing of such Other First Lien Obligations, (iii) the Discharge of the Second Lien Facility Obligations shall not be deemed to have occurred if such payments are made
with the proceeds of a facility designated by the Company as a Second Lien Facility or a Refinancing of the Second Lien Facility Obligations and (iv) the Discharge of any Other Second Lien Obligations shall not be deemed to have occurred if
such payments are made with the proceeds of any obligations that are designated by the Company as a Refinancing of such Other Second Lien Obligations. In the event that any Secured Obligations are modified and such Secured Obligations are paid over
time or otherwise modified pursuant to Section 1129 of the Bankruptcy Code, such Secured Obligations shall be deemed to be Discharged when the final payment is made, in cash or in the form of consideration otherwise provided for in the
applicable Plan of Reorganization, in respect of such Indebtedness and any obligations pursuant to such new Indebtedness shall have been satisfied. The term “Discharged” has a correlative meaning to the foregoing. 

“Documents” means, collectively, the First Lien Obligations Documents and the Second Lien Obligations Documents, or any of
the foregoing. 
 “First Lien Credit Agreement” means that certain First Lien Credit Agreement, dated as of the date
hereof, among the Company, Holdings, the lenders party thereto from time to time and the First Lien Facility Agent, as amended, restated, supplemented, replaced (whether or not upon termination, and whether with the original lenders or otherwise),
restructured, refinanced, extended or otherwise modified from time to time, including any agreement or indenture extending the maturity thereof, refinancing, replacing or otherwise restructuring all or any portion of the Indebtedness under such

  
 6 

 
agreement or agreements or indenture or indentures or any successor or replacement agreement or agreements or indenture or indentures or increasing the amount loaned or issued thereunder or
altering the maturity thereof (except to the extent any such refinancing, replacement or restructuring is designated by the Company to not be included in the definition of “First Lien Credit Agreement”). 

“First Lien Facility” means (i) the First Lien Credit Agreement, and (ii) whether or not the facility referred to
in clause (i) remains outstanding, if designated by the Company to be included in the definition of “First Lien Facility” and subject to the satisfaction of the applicable requirements set forth in Section 8.22 (Requirements
for Consent), one or more (A) debt facilities or commercial paper facilities providing for revolving credit loans, term loans, receivables financing (including through the sale of receivables to lenders or to special purpose entities formed to
borrow from lenders against such receivables) or letters of credit, (B) debt securities, indentures or other forms of debt financing (including convertible or exchangeable debt instruments or bank guarantees or bankers’ acceptances) or
(C) instruments or agreements evidencing any other Indebtedness, in each case, with the same or different borrowers or issuers and, in each case, as amended, supplemented, modified, extended, restructured, renewed, refinanced, restated,
replaced or refunded in whole or in part from time to time (except to the extent any such refinancing, replacement or restructuring is designated by the Company to not be included in the definition of “First Lien Facility”). 

“First Lien Facility Agent” means the collateral agent for the First Lien Facility Obligations Secured Parties, together with
its successors or co-agents in substantially the same capacity as may from time to time be appointed pursuant to the First Lien Facility. As of the date hereof, CS shall be the First Lien Facility Agent. 

“First Lien Facility Collateral Agreement” means (a) the Collateral Agreement (First Lien), dated as of the date hereof,
among the Company, each other Pledgor party thereto and the First Lien Facility Agent, as amended, restated, supplemented or otherwise modified from time to time, and (b) any other collateral agreement entered into from time to time in respect
of any First Lien Facility described in clause (ii) of the definition thereof and designated by the Company as a “First Lien Facility Collateral Agreement,” as amended, restated, supplemented or other modified from time to time. 

“First Lien Facility Collateral Documents” means, collectively, the First Lien Facility Collateral Agreement, any of the
other “Security Documents” (or comparable terms) as defined in the First Lien Credit Agreement or any other First Lien Facility Credit Document, and any other documents now existing or entered into after the date hereof that grant Liens on
any assets or properties of any Pledgor to secure any First Lien Facility Obligations. 
 “First Lien Facility Credit
Documents” means (i) the First Lien Credit Agreement and (ii) the instrument, agreement or other document evidencing or governing any First Lien Facility described in clause (ii) of the definition thereof. 

  
 7 

 “First Lien Facility Documents” means, collectively, (i) the documentation
in respect of the First Lien Facility, including the First Lien Credit Agreement, any other First Lien Facility Credit Document, the First Lien Facility Collateral Documents and any other “Loan Documents” or comparable terms as defined in
the applicable First Lien Facility, and (ii) each agreement, document or instrument providing for or evidencing obligations in respect of Secured Hedge Agreements or Secured Cash Management Agreements. 

“First Lien Facility Obligations” means all “Secured Obligations” (as such term is defined in the First Lien
Facility Collateral Agreement) of the Company and other obligors outstanding under, and all other obligations in respect of, any First Lien Facility Documents, to pay principal, premium (if any), interest, fees, expenses (including interest, fees,
and expenses accruing after the commencement of any Insolvency or Liquidation Proceeding, regardless of whether or not allowed or allowable in such proceeding), penalties, indemnifications, reimbursements (including reimbursement obligations with
respect to any letters of credit and bankers’ acceptance), damages and other liabilities payable under or in connection with the First Lien Facility Documents. 

“First Lien Facility Obligations Secured Parties” means the persons holding any First Lien Facility Obligations, including
the First Lien Facility Agent. 
 “First Lien Obligations” means, collectively, the First Lien Facility Obligations and the
Other First Lien Obligations, or any of the foregoing. 
 “First Lien Obligations Collateral Documents” means,
collectively, the First Lien Facility Collateral Documents and the Other First Lien Obligations Collateral Documents. 
 “First Lien
Obligations Credit Documents” means, collectively, the First Lien Facility Credit Documents and the Other First Lien Obligations Credit Documents. 

“First Lien Obligations Documents” means, collectively, the First Lien Facility Documents and the Other First Lien
Obligations Documents. 
 “First Lien Obligations Representative” means each of the First Lien Facility Agent and each
Other First Lien Obligations Agent. 
 “First Lien Obligations Secured Parties” means, collectively, the First Lien
Facility Obligations Secured Parties and the Other First Lien Obligations Secured Parties, or any of the foregoing. 

“Holdings” has the meaning assigned to such term in the recitals. 

“Indebtedness” means and includes all obligations that constitute “Indebtedness,” “Debt” or other
comparable terms as defined in the First Lien Credit Agreement, any First Lien Facility Credit Document, the Second Lien Credit Agreement, any Second Lien Facility Credit Document, any Other First Lien Obligations Credit Document or any Other Second
Lien Obligations Credit Document, as applicable. 

  
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 “Insolvency or Liquidation Proceeding” means (a) any voluntary or
involuntary case or proceeding under any Bankruptcy Law with respect to any Pledgor, (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 Pledgor or with respect to any of its assets, (c) any liquidation, dissolution, reorganization or winding up of any Pledgor whether voluntary or involuntary and whether or not involving insolvency
or bankruptcy (except to the extent permitted by the applicable Documents) or (d) any assignment for the benefit of creditors or any other marshalling of assets and liabilities of any Pledgor. 

“New York Courts” has the meaning assigned to such term in Section 8.7(b). 

“obligations” means any principal, interest, fees, and expenses (including interest, fees, and expenses accruing after the
commencement of any Insolvency or Liquidation Proceeding, whether or not allowed or allowable in such proceeding), penalties, indemnifications, reimbursements (including, if applicable, reimbursement obligations with respect to any letters of credit
and bankers’ acceptance), damages and other liabilities payable under the documentation governing any Indebtedness. 
 “Other
First Lien Obligations” means all obligations of the Company and the other Pledgors (other than the First Lien Facility Obligations) to pay principal, premium (if any), interest, fees, expenses (including interest, fees, and expenses
accruing after the commencement of any Insolvency or Liquidation Proceeding, regardless of whether or not allowed or allowable in such proceeding), penalties, indemnifications, reimbursements (including reimbursement obligations with respect to any
letters of credit and bankers’ acceptance), damages and other liabilities payable under or in connection with the applicable Other First Lien Obligations Documents, in each case, (x) that are designated in writing by the Company as Other
First Lien Obligations pursuant to and in accordance with Section 8.22 and (y) the Representative with respect to which has duly executed and delivered an applicable Consent and Acknowledgment. 

“Other First Lien Obligations Agent” means, with respect to any Series of Other First Lien Obligations or any separate
facility within such Series, the person elected, designated or appointed as the administrative agent and/or collateral agent, trustee or similar representative of such Series or such separate facility within such Series by or on behalf of the
holders of such Series of Other First Lien Obligations or such separate facility within such Series, and its respective successors in substantially the same capacity as may from time to time be appointed. 

“Other First Lien Obligations Collateral Documents” means, collectively, the security agreements (if different from the First
Lien Facility Collateral Agreement) or any other documents now existing or entered into after the date hereof that create Liens on any assets or properties of any Pledgor to secure any Other First Lien Obligations. 

  
 9 

 “Other First Lien Obligations Credit Document” means any (a) instruments,
agreements or documents evidencing debt facilities or commercial paper facilities, providing for revolving credit loans, term loans, receivables financing (including through the sale of receivables to lenders or to special purpose entities formed to
borrow from lenders against such receivables) or letters of credit, (b) debt securities, indentures and/or other forms of debt financing (including convertible or exchangeable debt instruments or bank guarantees or bankers’ acceptances) or
(c) instruments or agreements evidencing any other Indebtedness, in each case of the foregoing clauses to the extent that the obligations in respect thereof constitute Other First Lien Obligations. 

“Other First Lien Obligations Documents” means, collectively, the Other First Lien Obligations Credit Documents and the Other
First Lien Obligations Collateral Documents related thereto. 
 “Other First Lien Obligations Secured Parties” means,
collectively, the persons holding any Other First Lien Obligations who have, directly or indirectly through their respective Other First Lien Obligations Agents, become party to and bound by this Agreement pursuant to a Consent and Acknowledgment in
accordance with the provisions of Section 8.22 hereof. 
 “Other Second Lien Obligations” means all obligations of the
Company and the other Pledgors (other than the Second Lien Facility Obligations) to pay principal, premium (if any), interest, fees, and expenses (including interest, fees and expenses accruing after the commencement of any Insolvency or Liquidation
Proceeding, regardless of whether or not allowed or allowable in such proceeding), penalties, fees, indemnifications, reimbursements, damages and other liabilities payable under or in connection with the applicable Other Second Lien Obligations
Documents, in each case, (x) that are designated in writing by the Company as Other Second Lien Obligations pursuant to and in accordance with Section 8.22 and (y) the Representative with respect to which has duly executed and
delivered an applicable Consent and Acknowledgment. 
 “Other Second Lien Obligations Agent” means, with respect to any
Series of Other Second Lien Obligations or any separate facility within such Series, the person elected, designated or appointed as the administrative agent and/or collateral agent, trustee or similar representative of such Series or such separate
facility within such Series by or on behalf of the holders of such Series of Other Second Lien Obligations or such separate facility within such Series, and its respective successors in substantially the same capacity as may from time to time be
appointed. 
 “Other Second Lien Obligations Collateral Documents” means, collectively, the security agreements (if
different from the Second Lien Facility Collateral Agreement) or any other documents now existing or entered into after the date hereof that create Liens on any assets or properties of any Pledgor to secure any Other Second Lien Obligations. 

  
 10 

 “Other Second Lien Obligations Credit Document” means any (a) instruments,
agreements or documents evidencing debt facilities or commercial paper facilities, providing for revolving credit loans or term loans, (b) debt securities, indentures and/or other forms of debt financing (including convertible or exchangeable
debt instruments) or (c) instruments or agreements evidencing any other Indebtedness, in each case of the foregoing clauses to the extent that the obligations in respect thereof constitute Other Second Lien Obligations. 

“Other Second Lien Obligations Documents” means, collectively, the Other Second Lien Obligations Credit Documents and the
Other Second Lien Obligations Collateral Documents related thereto. 
 “Other Second Lien Obligations Secured Parties”
means, collectively, the persons holding any Other Second Lien Obligations who have, directly or indirectly through their respective Other Second Lien Obligations Agents, become party to and bound by this Agreement pursuant to a Consent and
Acknowledgment in accordance with the provisions of Section 8.22 hereof. 
 “Permitted Remedies” means, with respect
to any Second Lien Obligations: 
 (a) filing a claim or statement of interest with respect to such Second Lien Obligations; provided,
that an Insolvency or Liquidation Proceeding has been commenced by or against any Pledgor; 
 (b) taking any action (not adverse to the
Liens securing any First Lien Obligations, the priority status thereof, or the rights of the Applicable First Lien Agent or any of the First Lien Obligations Secured Parties to exercise rights, powers and/or remedies in respect thereof) in order to
create, perfect, preserve or protect (but not enforce) its Lien on any of the Collateral; 
 (c) filing any necessary or appropriate
responsive or defensive pleadings in opposition to any motion, claim, adversary proceeding or other pleading made by any person objecting to or otherwise seeking the disallowance of the claims or Liens of the Second Lien Obligations Secured Parties,
including any claims secured by the Second Lien Obligations Collateral, in each case in accordance with the terms of this Agreement; 
 (d)
filing any pleadings, objections, motions or agreements which assert rights or interests available to unsecured creditors of the Pledgors arising under either any Insolvency or Liquidation Proceeding or applicable
non-Bankruptcy Law, in each case not inconsistent with or prohibited by the terms of this Agreement or applicable law (including the Bankruptcy Laws of any applicable jurisdiction); 

(e) voting on any Plan of Reorganization, filing any proof of claim, making other filings and making any arguments, obligations, and motions
(including in support of or opposition to, as applicable, the confirmation or approval of any Plan of Reorganization) that are, in each case, in accordance with the terms of this Agreement; and 

  
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 (f) the exercise of any rights or remedies with respect to the Collateral after termination of
the Standstill Period subject to Section 3.1(e) of this Agreement. 
 “Plan of Reorganization” means any plan
of reorganization, plan of liquidation, agreement for composition, or other type of dispositive plan of arrangement or restructuring proposed in or in connection with any Insolvency or Liquidation Proceeding. 

“Pledged Collateral” means the Common Collateral in the possession or control of any Representative (or its agents or
bailees), to the extent that possession or control thereof perfects a Lien thereon under the Uniform Commercial Code of any jurisdiction. 

“Pledgors” means Holdings, the Company and each of its subsidiaries that shall have granted any Lien in favor of any
Representative on any of its assets or properties to secure any of the Secured Obligations. 
 “Post-Petition Claims”
means, collectively, interest, fees, costs, expenses and other charges that pursuant to any First Lien Obligations Document or any Second Lien Obligations Document continue to accrue after the commencement of an Insolvency or Liquidation Proceeding.

 “Recovery” has the meaning assigned to such term in Section 6.4. 

“Refinance” means, in respect of any Indebtedness, to amend, restate, supplement, waive, replace (whether or not upon
termination, and whether with the original parties or otherwise), restructure, repay, refund, refinance or otherwise modify from time to time (including by means of any agreement or indenture extending the maturity thereof, refinancing, replacing or
otherwise restructuring all or any portion of the obligations under such agreement or agreements or indenture or indentures or any successor or replacement agreement or agreements or indenture or indentures or increasing the amount loaned or issued
thereunder or altering the maturity thereof). “Refinanced” and “Refinancing” have correlative meanings. 

“Representative” means (a) in respect of the First Lien Facility Obligations or the First Lien Facility Obligations
Secured Parties, the First Lien Facility Agent, (b) in respect of the Second Lien Facility Obligations or the Second Lien Facility Obligations Secured Parties, the Second Lien Facility Agent, (c) in respect of any Series of Other First
Lien Obligations or the relevant Other First Lien Obligations Secured Parties, the Other First Lien Obligations Agent of such Series, and (d) in respect of any Series of Other Second Lien Obligations or the relevant Other Second Lien
Obligations Secured Parties, the Other Second Lien Obligations Agent of such Series. 
 “Required Lenders” means, with
respect to any First Lien Obligations Documents, the First Lien Obligations Secured Parties in respect thereof the approval of which is required to approve an amendment or modification of, termination or waiver of any provision of, or consent to any
departure from such First Lien Obligations Documents (or would be required to effect such consent under this Agreement if such consent were treated as an amendment of such First Lien Obligations Documents). 

  
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 “Revolving Outstandings” has the meaning assigned to such term in
Section 6.1(a). 
 “Second Lien Credit Agreement” means that certain Second Lien Credit Agreement, dated as of the
date hereof, among the Company, Holdings, the lenders party thereto from time to time and the Second Lien Facility Agent, as amended, restated, supplemented, replaced (whether or not upon termination, and whether with the original lenders or
otherwise), restructured, refinanced, extended or otherwise modified from time to time, including any agreement or indenture extending the maturity thereof, refinancing, replacing or otherwise restructuring all or any portion of the Indebtedness
under such agreement or agreements or indenture or indentures or any successor or replacement agreement or agreements or indenture or indentures or increasing the amount loaned or issued thereunder or altering the maturity thereof (except to the
extent any such refinancing, replacement or restructuring is designated by the Company to not be included in the definition of “Second Lien Credit Agreement”). 

“Second Lien Facility” means (i) the Second Lien Credit Agreement, and (ii) whether or not the facility referred to
in clause (i) remains outstanding, if designated in writing by the Company to be included in the definition of “Second Lien Facility” and subject to the satisfaction of the applicable requirements set forth in Section 8.22, one
or more (A) debt facilities or commercial paper facilities providing for revolving credit loans, term loans, receivables financing (including through the sale of receivables to lenders or to special purpose entities formed to borrow from
lenders against such receivables) or letters of credit, (B) debt securities, indentures or other forms of debt financing (including convertible or exchangeable debt instruments or bank guarantees or bankers’ acceptances) or
(C) instruments or agreements evidencing any other Indebtedness, in each case, with the same or different borrowers or issuers and, in each case, as amended, supplemented, modified, extended, restructured, renewed, refinanced, restated,
replaced or refunded in whole or in part from time to time (except to the extent any such refinancing, replacement or restructuring is designated by the Company to not be included in the definition of “Second Lien Facility”). 

“Second Lien Facility Agent” means the collateral agent for the Second Lien Facility Obligations Secured Parties, together
with its successors or co-agents in substantially the same capacity as may from time to time be appointed pursuant to the Second Lien Facility. As of the date hereof, CS shall be the Second Lien Facility
Agent. 
 “Second Lien Facility Collateral Agreement” means (a) the Collateral Agreement (Second Lien), dated as of
the date hereof, among the Company, each other Pledgor party thereto and the Second Lien Facility Agent, as amended, restated, supplemented or otherwise modified from time to time, and (b) any other collateral agreement entered into from time
to time in respect of any Second Lien Facility described in clause (ii) of the definition thereof and designated by the Company as a “Second Lien Facility Collateral Agreement,” as amended, restated, supplemented or other modified
from time to time. 

  
 13 

 “Second Lien Facility Collateral Documents” means, collectively, the Second Lien
Facility Collateral Agreement, any of the other “Security Documents” (or comparable terms) as defined in the Second Lien Credit Agreement or any other Second Lien Facility Credit Document, and any other documents now existing or entered
into after the date hereof that grant Liens on any assets or properties of any Pledgor to secure any Second Lien Facility Obligations. 

“Second Lien Facility Credit Documents” means (i) the Second Lien Credit Agreement and (ii) the instrument,
agreement or other document evidencing or governing any Second Lien Facility described in clause (ii) of the definition thereof. 

“Second Lien Facility Documents” means, collectively, the documentation in respect of the Second Lien Facility, including the
Second Lien Credit Agreement, any other Second Lien Facility Credit Document, the Second Lien Facility Collateral Documents and any other “Loan Documents” or comparable terms as defined in the applicable Second Lien Facility. 

“Second Lien Facility Obligations” means all “Secured Obligations” (as such term is defined in the Second Lien
Facility Collateral Agreement) of the Company and other obligors outstanding under, and all other obligations in respect of, any Second Lien Facility Documents, to pay principal, premium (if any), interest, fees, expenses (including interest, fees,
and expenses accruing after the commencement of any Insolvency or Liquidation Proceeding, regardless of whether or not allowed or allowable in such proceeding), penalties, indemnifications, reimbursements, damages and other liabilities payable under
or in connection with the Second Lien Facility Documents. 
 “Second Lien Facility Obligations Secured Parties” means the
persons holding any Second Lien Facility Obligations, including the Second Lien Facility Agent. 
 “Second Lien
Obligations” means, collectively, the Second Lien Facility Obligations and the Other Second Lien Obligations, or any of the foregoing. 

“Second Lien Obligations Collateral Documents” means, collectively, the Second Lien Facility Collateral Documents and the
Other Second Lien Obligations Collateral Documents. 
 “Second Lien Obligations Documents” means, collectively, the Second
Lien Facility Documents and the Other Second Lien Obligations Documents. 
 “Second Lien Obligations Representative” means
each of the Second Lien Facility Agent and each Other Second Lien Obligations Agent. 
 “Second Lien Obligations Secured
Parties” means, collectively, the Second Lien Facility Obligations Secured Parties and the Other Second Lien Obligations Secured Parties, or any of the foregoing. 

  
 14 

 “Secured Obligations” means, collectively, the First Lien Facility
Obligations, any Other First Lien Obligations, the Second Lien Facility Obligations and any Other Second Lien Obligations, or any of the foregoing. 

“Secured Cash Management Agreement” has the meaning assigned to it in the First Lien Credit Agreement. 

“Secured Hedge Agreement” has the meaning assigned to it in the First Lien Credit Agreement. 

“Secured Parties” means, collectively, the First Lien Facility Obligations Secured Parties, the Second Lien Facility
Obligations Secured Parties, any Other First Lien Obligations Secured Parties and any Other Second Lien Obligations Secured Parties, or any of the foregoing. 

“Series” means, as applicable, 

(a) each of the First Lien Facility Obligations and each series of Other First Lien Obligations, each of which shall constitute a separate
series of the Class of Secured Obligations constituting First Lien Obligations, except that, in the event that any two or more series of such Other First Lien Obligations (i) are secured by identical Collateral held by a common collateral
agent and (ii) the Company designates such Other First Lien Obligations to constitute a single series, such series of Other First Lien Obligations shall collectively constitute a single series. The First Lien Obligations Secured Parties with
respect to each series of First Lien Obligations shall constitute a separate series of First Lien Obligations Secured Parties; and 
 (b)
each of the Second Lien Facility Obligations and each series of Other Second Lien Obligations, each of which shall constitute a separate series of the Class of Secured Obligations constituting Second Lien Obligations, except that, in the event
that any two or more series of such Other Second Lien Obligations (i) are secured by identical Collateral held by a common collateral agent and (ii) the Company designates such Other Second Lien Obligations to constitute a single series,
such series of Other Second Lien Obligations shall collectively constitute a single series. The Second Lien Obligations Secured Parties with respect to each series of Second Lien Obligations shall constitute a separate series of Second Lien
Obligations Secured Parties. 
 “Standstill Period” has the meaning assigned to such term in Section 3.1(e). 

“subsidiary” means, with respect to any person (herein referred to as the “parent”), any corporation, partnership,
association or other business entity (a) of which securities or other ownership interests representing more than 50% of the equity or more than 50% of the ordinary voting power or more than 50% of the general partnership interests are, at the
time any determination is being made, directly or indirectly, owned, Controlled or held, or (b) that is, at the time any determination is made, otherwise Controlled, by the parent or one or more subsidiaries of the parent or by the parent and
one or more subsidiaries of the parent. 

  
 15 

 “Uniform Commercial Code” or “UCC” means the Uniform Commercial
Code as from time to time in effect in the State of New York, unless otherwise provided herein. 
 1.2 Terms Generally. The
definitions of terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include,”
“includes” and “including” shall be deemed to be followed by the phrase “without limitation”. The word “will” shall be construed to have the same meaning and effect as the word “shall”. Unless the
context requires otherwise (a) any definition of or reference to any agreement, instrument, other document, statute or regulation herein shall be construed as referring to such agreement, instrument, other document, statute or regulation as
from time to time amended, supplemented or otherwise modified, (b) any reference herein to any person shall be construed to include such person’s successors and assigns, but shall not be deemed to include the subsidiaries of such person
unless express reference is made to such subsidiaries, (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 Sections and Exhibits shall be construed to refer to Sections and Exhibits of this Agreement, (e) unless otherwise expressly qualified herein, the words “asset” and
“property” shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights and (f) the term “or” is
not exclusive. 
 SECTION 2. Lien Priorities. 

2.1 Subordination of Liens. Notwithstanding (i) the date, time, method, manner or order of filing or recordation of any document or
instrument or grant, attachment or perfection (including any defect or deficiency or alleged defect or deficiency in any of the foregoing) of any Liens granted to secure any First Lien Obligations on the Common Collateral or of any Liens granted to
secure any Second Lien Obligations on the Common Collateral, (ii) any provision of the UCC, any Bankruptcy Law or any other applicable law, (iii) any provision of the First Lien Obligations Documents or the Second Lien Obligations
Documents, (iv) whether any First Lien Obligations Secured Party or Second Lien Obligations Secured Party, either directly or through agents, holds possession of, or has control over, all or any part of the Common Collateral, (v) the fact
that any Liens granted to secure the Second Lien Obligations or any Liens granted to secure any First Lien Obligations may be subordinated, voided, avoided, invalidated or lapsed or (vi) any other circumstance of any kind or nature whatsoever,
each of the Applicable Second Lien Agent and each relevant Representative, for itself and on behalf of the applicable Second Lien Obligations Secured Parties, hereby agrees that, whether or not any Liens securing any First Lien Obligations are
subordinated to any Liens securing any other Obligation of any Pledgor or any other person, (a) any Lien on the Common Collateral securing or purporting to secure any First Lien Obligations will at all times, regardless of how acquired (whether
by grant, statute, operation of law, subrogation or otherwise), have priority over and be senior in all respects and prior to any Lien on the Common Collateral securing or purporting to secure 

  
 16 

 
any Second Lien Obligations for all purposes, and (b) any Lien on the Common Collateral securing or purporting to secure any Second Lien Obligations will at all times, regardless of how
acquired (whether by grant, statute, operation of law, subrogation or otherwise), be junior and subordinate in all respects to all Liens on the Common Collateral securing or purporting to secure any First Lien Obligations for all purposes. 

2.2 Prohibition on Contesting Liens. Each of the Applicable Second Lien Agent and each relevant Representative, for itself and on
behalf of the applicable Second Lien Obligations Secured Parties, and each of the Applicable First Lien Agent and each relevant Representative, for itself and on behalf of the applicable First Lien Obligations Secured Parties, agrees that, until the
Discharge of First Lien Obligations has occurred, it shall not (and hereby waives any right to) take any action to challenge, contest or support any other person in contesting or challenging, directly or indirectly, in any proceeding (including any
Insolvency or Liquidation Proceeding), the validity, perfection, priority or enforceability of (a) a Lien securing, or claim asserted with respect to, any First Lien Obligations or (b) a Lien securing, or claim asserted with respect to,
any Second Lien Obligations; provided, however, that nothing in this Agreement shall be construed to prevent or impair the rights of any First Lien Obligations Representative or any First Lien Obligations Secured Party to enforce this
Agreement (including the priority of the Liens securing the First Lien Obligations or the provisions for exercise of remedies) or any of the First Lien Obligations Documents. 

2.3 No New Liens. So long as the Discharge of First Lien Obligations has not occurred and subject to Section 6, the Applicable
Second Lien Agent and each other Second Lien Obligations Representative, for itself and on behalf of the applicable Second Lien Obligations Secured Parties, agrees that, whether or not any Insolvency or Liquidation Proceeding has been commenced by
or against the Company or any other Pledgor, it shall not acquire or hold any Lien on any assets of the Company or any other Pledgor securing any Second Lien Obligations that are not also subject to the first-priority Lien in respect of the First
Lien Obligations under the First Lien Obligations Documents. If the Applicable Second Lien Agent, any Second Lien Obligations Representative or any Second Lien Obligations Secured Party shall (nonetheless and in breach hereof) acquire or hold any
Lien on any property that is not also subject to the first-priority Lien in respect of the First Lien Obligations under the First Lien Obligations Documents, then the Applicable Second Lien Agent, such Second Lien Obligations Representative or such
Second Lien Obligations Secured Party, as the case may be, shall, without the need for any further consent of any person and notwithstanding anything to the contrary in any other document, be deemed to also hold and have held such Lien for the
benefit of the Applicable First Lien Agent and the First Lien Obligations Representatives as security for the First Lien Obligations (subject to the lien priority and other terms hereof) and shall promptly notify the Applicable First Lien Agent and
each First Lien Obligations Representative in writing of the existence of such Lien (if and to the extent the Applicable Second Lien Agent, such Second Lien Obligations Representative or such Second Lien Obligations Secured Party has actual
knowledge of the existence of such Lien) and in any event take such actions as may be reasonably requested by the Applicable First Lien Agent or any First Lien Obligations Representative to assign or release such Liens to the Applicable First Lien
Agent (but 

  
 17 

 
may retain a junior lien on such assets or property subject to the terms hereof) or, in the event that such Liens do not secure all First Lien Obligations, the relevant First Lien Obligations
Representative (and/or each of their respective designees) as security for the applicable First Lien Obligations. To the extent that the provisions of the immediately preceding sentence are not complied with for any reason, without limiting any
other right or remedy available to any First Lien Obligations Representative or any other First Lien Obligations Secured Party, each Second Lien Obligations Representative agrees, for itself and on behalf of the other Second Lien Obligations Secured
Parties, that any amounts received by or distributed to any Second Lien Obligations Secured Party pursuant to or as a result of any Lien granted in contravention of this Section 2.3 shall be subject to Section 4.3. 

Notwithstanding anything to the contrary set forth in the foregoing paragraph of this Section 2.3 or any other part of this Agreement,
the foregoing paragraph shall not apply with respect to any Series of First Lien Facility Obligations or Other First Lien Obligations that, by their terms, are not intended to be secured by all of the Common Collateral and, in particular, are not
intended to be secured by such assets but only to the extent of such assets (and the relevant First Lien Obligations Representative and Second Lien Obligations Representative may rely conclusively on a certificate to that effect provided to it by
the Company upon its reasonable request without further inquiry). 
 Notwithstanding anything in this Agreement or any other First Lien
Obligations Documents or Second Lien Obligations Documents to the contrary, collateral consisting of cash and cash equivalents pledged to secure First Lien Obligations consisting of reimbursement obligations in respect of Letters of Credit or
otherwise held by the First Lien Obligations Representative pursuant to Section 2.05(e) of the First Lien Facility (or any equivalent successor provision) shall be applied as specified in the First Lien Facility and will not constitute Common
Collateral. 
 2.4 Confirmation of Subordination in Second Lien Obligations Collateral Documents. 

Each of the Applicable Second Lien Agent and each Second Lien Obligations Representative agrees that each applicable Second Lien Obligations
Collateral Document shall, unless otherwise agreed to by the Applicable First Lien Agent, include language substantially the same as the following paragraph (or language to similar effect reasonably approved by the Applicable First Lien Agent to
reflect the subordination of the Liens): 
 “Notwithstanding anything herein to the contrary, (i) the Liens and
security interests granted to the [insert the relevant Second Lien Obligations Representative] for the benefit of the [Secured Parties] pursuant to this Agreement and (ii) the exercise of any right or remedy by the [insert the
relevant Second Lien Obligations Representative] hereunder or the application of proceeds (including insurance proceeds and condemnation proceeds) of any Common Collateral are subject to the provisions of the First Lien/Second Lien Intercreditor
Agreement, dated as 

  
 18 

 
of July 1, 2015 (as amended, restated, supplemented or otherwise modified from time to time, the “First Lien/Second Lien Intercreditor Agreement”), by and among Credit
Suisse AG, Cayman Islands Branch, in its capacity as the First Lien Facility Agent, the Second Lien Facility Agent, the Applicable First Lien Agent and the Applicable Second Lien Agent, respectively. In the event of any conflict between the terms of
the First Lien/Second Lien Intercreditor Agreement and the terms of this Agreement, the terms of the First Lien/Second Lien Intercreditor Agreement shall govern.” 

2.5 Perfection of Liens. None of the Applicable First Lien Agent, or any First Lien Obligations Representative, or any other First Lien
Obligations Secured Party shall be responsible for perfecting or maintaining the perfection of Liens with respect to the Common Collateral for the benefit of the Applicable Second Lien Agent, any Second Lien Obligations Representative or any other
Second Lien Obligations Secured Party. The provisions of this Agreement are intended solely to govern the respective Lien priorities as between the First Lien Obligations Secured Parties and the Second Lien Obligations Secured Parties and shall not
impose on the Applicable First Lien Agent, any First Lien Obligations Representative, any other First Lien Obligations Secured Party, the Applicable Second Lien Agent, any Second Lien Obligations Representative, any other Second Lien Obligations
Secured Party or any agent, or trustee for any of the foregoing persons any obligations in respect of the Disposition of proceeds of any Common Collateral which would conflict with prior perfected claims therein in favor of any other person or any
order or decree of any court or governmental authority or any applicable law. 
 2.6 Waiver of Marshalling. Until the Discharge of
First Lien Obligations, each of the Applicable Second Lien Agent and each relevant Representative, for itself and on behalf of the applicable Second Lien Obligations Secured Parties, agrees not to assert, and hereby waives, to the fullest extent
permitted by law, any right to demand, request, plead or otherwise assert or otherwise claim the benefit of, any marshalling, appraisal, valuation or other similar right that may otherwise be available under applicable law with respect to the Common
Collateral or any other similar rights a junior secured creditor may have under applicable law. 
 SECTION 3. Enforcement. 

3.1 Exercise of Remedies. 

(a) So long as the Discharge of First Lien Obligations has not occurred, whether or not any Insolvency or Liquidation Proceeding has been
commenced by or against the Company or any other Pledgor: 
 (i) except as otherwise provided herein, the Applicable First
Lien Agent and each other First Lien Obligations Representative shall have the exclusive right, in each case with respect to Common Collateral, to (x) enforce rights, exercise remedies (including setoff and

  
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the right to credit bid their debt) and enforce any right under any account control agreement, landlord waiver or bailee’s letter or any similar agreement or arrangement to which the
Applicable First Lien Agent, any First Lien Obligations Representative or any other First Lien Obligations Secured Party is a party, (y) make determinations regarding the release, Disposition or restrictions with respect to any Common
Collateral without any consultation with or the consent of any Second Lien Obligations Representative or any Second Lien Obligations Secured Party, and (z) otherwise enforce the rights and remedies of a secured creditor under the UCC and the
Bankruptcy Law of any applicable jurisdiction, so long as any proceeds of any Common Collateral received by the Applicable First Lien Agent, such First Lien Obligations Representative and other First Lien Obligations Secured Parties in the aggregate
in excess of those necessary to achieve the Discharge of First Lien Obligations are distributed in accordance with Section 4.2 (Application of Proceeds) subject to the relative priorities set forth in Section 2.1 (Subordination of Liens);
and 
 (ii) none of the Applicable Second Lien Agent, or any Second Lien Obligations Representative or any other Second Lien
Obligations Secured Party will: 
 (x) subject to Section 3.1(e), exercise or seek to exercise any rights or remedies
(including setoff or recoupment) with respect to any Common Collateral or any other Lien, collateral or security in respect of any applicable Second Lien Obligations, or exercise any right under any lockbox agreement, control agreement, landlord
waiver or bailee’s letter or similar agreement or arrangement, or institute any action or proceeding with respect to such rights or remedies (including any action of foreclosure), 

(y) contest, protest or object to any foreclosure proceeding or action brought with respect to the Common Collateral or any
other Lien, collateral or security by the Applicable First Lien Agent, any First Lien Obligations Representative or any other First Lien Obligations Secured Party in respect of the First Lien Obligations, the exercise of any right by the Applicable
First Lien Agent, any First Lien Obligations Representative or any other First Lien Obligations Secured Parties (or any agent or sub-agent on their behalf) in respect of the First Lien Obligations under any
lockbox agreement, control agreement, landlord waiver or bailee’s letter or similar agreement or arrangement to which the Applicable Second Lien Agent, any Second Lien Obligations Representative or any other Second Lien Obligations Secured
Party either is a party or may have rights as a third party beneficiary, or any other exercise by any such party, of 

  
 20 

 
any rights and remedies relating to the Common Collateral or any other Lien, collateral or security under the First Lien Obligations Documents or otherwise in respect of the First Lien
Obligations, or 
 (z) object to the forbearance by the Applicable First Lien Agent, any First Lien Obligations
Representative or any other First Lien Obligations Secured Party from bringing or pursuing any foreclosure proceeding or action or any other exercise of any rights or remedies relating to the Common Collateral or any other Lien, collateral or
security under the First Lien Obligations Documents or otherwise in respect of the First Lien Obligations; 
 provided, however, that the
Applicable Second Lien Agent and the other Second Lien Obligations Secured Parties may take any Permitted Remedies. 
 (b) So long as the
Discharge of First Lien Obligations has not occurred, each of the Applicable Second Lien Agent and each relevant Representative, for itself and on behalf of the Second Lien Obligations Secured Parties holding the relevant Series, agree that it will
not take or receive any Common Collateral or other collateral or any proceeds of Common Collateral or other collateral in connection with the exercise of any right or remedy (including setoff or recoupment) with respect to any Common Collateral or
other collateral in respect of the applicable Second Lien Obligations. Without limiting the generality of the foregoing, unless and until the Discharge of First Lien Obligations has occurred, except as expressly provided in the proviso to clause
(ii) of Section 3.1(a) and in Section 3.1(e), the sole right of the Applicable Second Lien Agent, the Second Lien Obligations Representatives and the other Second Lien Obligations Secured Parties with respect to the Common Collateral
or any other collateral securing any Second Lien Obligations is to hold a Lien on the Common Collateral or such other collateral in respect of the applicable Second Lien Obligations pursuant to the Second Lien Obligations Documents, as applicable,
for the period and to the extent granted therein and to receive a share of the proceeds thereof, if any, after the Discharge of First Lien Obligations has occurred. 

(c) Subject to the proviso in clause (ii) of Section 3.1(a) above and Section 3.1(e) below, (i) each of the Applicable
Second Lien Agent and each Second Lien Obligations Representative, for itself and on behalf of the relevant Second Lien Obligations Secured Parties, agree that neither it nor any other Second Lien Obligations Secured Party will take any action that
would hinder or interfere with any exercise of remedies undertaken by the Applicable First Lien Agent, any First Lien Obligations Representative or any other First Lien Obligations Secured Party with respect to the Common Collateral or any other
collateral securing the First Lien Obligations, including any Disposition of the Common Collateral or such other collateral, whether by foreclosure or otherwise; (ii) each of the Applicable Second Lien Agent and each Second Lien Obligations
Representative, for itself and on behalf of the relevant Second Lien Obligations Secured Parties, acknowledges that any First Lien Obligations Secured Party may enforce rights or exercise remedies (v) in any manner in its sole discretion in

  
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compliance with applicable law, (w) without consultation with or the consent of any Second Lien Obligations Secured Parties, (x) regardless of whether or not an Insolvency or
Liquidation Proceeding has commenced, (y) regardless of any provision of any Second Lien Obligations Documents (other than this Agreement) and (z) regardless of whether or not such exercise is adverse to the interest of any Second Lien
Obligations Secured Parties; and (iii) each of the Applicable Second Lien Agent and each relevant Representative, for itself and on behalf of the Second Lien Obligations Secured Parties holding the relevant Series, hereby waives any and all
rights it or any such Second Lien Obligations Secured Party may have as a junior lien creditor or otherwise to object to the manner in which the Applicable First Lien Agent or any First Lien Obligations Representative seeks to enforce or collect the
First Lien Obligations or the Liens granted to secure any First Lien Obligations, regardless of whether any action or failure to act by or on behalf of the Applicable First Lien Agent, any First Lien Obligations Representative or any First Lien
Obligations Secured Party is adverse to the interests of any of the Second Lien Obligations Secured Parties. 
 (d) Each of the Applicable
Second Lien Agent and each relevant Representative, for itself and on behalf of the Second Lien Obligations Secured Parties holding the relevant Series, hereby acknowledges and agrees that no covenant, agreement or restriction contained in any
applicable Second Lien Obligations Document shall be deemed to restrict in any way the rights and remedies of the Applicable First Lien Agent, any First Lien Obligations Representative or any other First Lien Obligations Secured Party with respect
to the Common Collateral or other collateral securing the First Lien Obligations as set forth in this Agreement and any First Lien Obligations Documents. 

(e) Notwithstanding Section 3.1(a) (but subject to clauses (i), (ii) and (iii) of this Section 3.1(e)), each party hereto
agrees that, after a period of 180 days has elapsed since the date on which the Applicable Second Lien Agent has delivered to the Applicable First Lien Agent and each First Lien Obligations Representative (if not the Applicable First Lien Agent) a
written notice of the acceleration of the relevant Second Lien Obligations (the “Standstill Period”), the Applicable Second Lien Agent or the relevant Second Lien Obligations Representatives may, subject to Section 4 below,
(A) enforce or exercise, or seek to enforce or exercise, any rights or remedies (including any right of setoff) with respect to any Common Collateral (including the enforcement of any right under any account control agreement, landlord waiver
or bailee’s letter or any similar agreement or arrangement to which the Second Lien Obligations Representatives or any other Second Lien Obligations Secured Party is a party) or (B) commence or join with any person (other than the
Applicable First Lien Agent or any First Lien Obligations Representative) in commencing, or petition for or vote in favor of any resolution for, any action or proceeding with respect to such rights or remedies (including any foreclosure action), if:

 (i) no First Lien Obligations Secured Party shall have commenced or is diligently pursuing the enforcement or exercise of
any rights or remedies with respect to all or a material portion of the Common Collateral, or shall have sought or requested relief from or modification of 

  
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the automatic stay or any other stay in any Insolvency or Liquidation Proceeding to enable the commencement and pursuit of such enforcement actions, 

(ii) any acceleration of the relevant Second Lien Obligations has not been rescinded, and 

(iii) no Pledgor is then a debtor in an Insolvency or Liquidation Proceeding. 

Notwithstanding anything to the contrary contained in this Section 3.1, (A) in no event shall any Second Lien Obligations Representative or any other
Second Lien Obligations Secured Party enforce or exercise any rights or remedies with respect to any Common Collateral, or commence, join with any person in commencing, or petition for or vote in favor of any resolution for, any such action or
proceeding if any First Lien Obligations Representative or any other First Lien Obligations Secured Party shall have commenced, and shall be diligently pursuing (or shall have sought or requested relief from or modification of the automatic stay or
any other stay in any Insolvency or Liquidation Proceeding to enable the commencement and pursuit thereof), the enforcement or exercise of any rights or remedies with respect to any Common Collateral or any such action or proceeding (prompt written
notice thereof to be given to the Applicable Second Lien Agent by the relevant First Lien Obligations Representative) and (B) after the expiration of the Standstill Period, so long as none of the Applicable First Lien Agent, or any First Lien
Obligations Representative or any other First Lien Obligations Secured Party has commenced any action to enforce their Lien on any material portion of the Common Collateral, in the event that and for so long as the Second Lien Obligations Secured
Parties (or the Applicable Second Lien Agent or the relevant Second Lien Obligations Representatives on their behalf) have commenced any actions to enforce their Lien with respect to all or any material portion of the Common Collateral to the extent
permitted hereunder and are diligently pursuing such actions, none of the Applicable First Lien Agent, or any First Lien Obligations Representative or any other First Lien Obligations Secured Party shall take any action of a similar nature with
respect to such Common Collateral; provided, that all other provisions of this Agreement (including the turnover provisions of Section 4) are complied with. 

3.2 Cooperation. Subject to the proviso to clause (ii) of Section 3.1(a) and Section 3.1(e), each of the Applicable
Second Lien Agent and each Second Lien Obligations Representative, for itself and on behalf of applicable Second Lien Obligations Secured Parties, agrees that, unless and until the Discharge of First Lien Obligations has occurred, it will not
commence, or join with any person (other than the Applicable First Lien Agent, any First Lien Obligations Representative and the other First Lien Obligations Secured Parties, upon the request thereof) in commencing, any enforcement, collection,
execution, levy or foreclosure action or proceeding with respect to any Lien held by it in the Common Collateral or any other collateral under any of the applicable Second Lien Obligations Documents or otherwise in respect of the applicable Second
Lien Obligations secured by the Common Collateral. 

  
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 3.3 Actions Upon Breach. If any Second Lien Obligations Secured Party, in contravention of
the terms of this Agreement, in any way takes, attempts to or threatens to take any action with respect to the Common Collateral (including any attempt to realize upon or enforce any remedy with respect to this Agreement), this Agreement shall
create an irrebuttable presumption and admission by such Second Lien Obligations Secured Party that relief against such Second Lien Obligations Secured Party by injunction, specific performance and/or other appropriate equitable relief is necessary
to prevent irreparable harm to the First Lien Obligations Secured Parties, it being understood and agreed by each of the Applicable Second Lien Agent and each Second Lien Obligations Representative, for itself and on behalf of the applicable Second
Lien Obligations Secured Parties, that (i) the First Lien Obligations Secured Parties’ damages from its actions may at that time be difficult to ascertain and may be irreparable, and (ii) each Second Lien Obligations Secured Party
waives any defense that the Pledgors and/or the First Lien Obligations Secured Parties cannot demonstrate damage and/or can be made whole by the awarding of damages. 

SECTION 4. Payments. 

4.1 Nature of Claims. Each of the Applicable Second Lien Agent and each Second Lien Obligations Representative, for itself and on behalf
of the applicable Second Lien Obligations Secured Parties, acknowledges and agrees that (i) with respect to any commitments under any First Lien Obligations Agreement that constitute revolving credit commitments, in the ordinary course of
business, the applicable First Lien Obligations Representative and lenders thereunder will apply payments and make advances to the Company or other Pledgors thereunder and the amount thereof that may be outstanding at any time or from time to time
may be increased or reduced and subsequently reborrowed, (ii) no release of any Lien by the Applicable First Lien Agent or any First Lien Obligations Representative, as the case may be, upon any portion of the Common Collateral or other
collateral securing any First Lien Obligations in connection with a Disposition not prohibited under the First Lien Obligations Documents shall constitute the exercise of remedies prohibited under this Agreement, and (iii) the amount of the
First Lien Obligations that may be outstanding at any time or from time to time may be increased by way of incremental commitments or reduced and, with respect to any First Lien Obligations that comprise revolving facilities, subsequently
reborrowed. The Lien priority set forth in this Agreement shall not be altered or otherwise affected by any amendment, modification, supplement, extension, repayment, reborrowing, increase, replacement, renewal, restatement or refinancing of the
First Lien Obligations or any portion thereof. 
 4.2 Application of Proceeds. Each of the Applicable Second Lien Agent and each
Second Lien Obligations Representative, for itself and on behalf of the applicable Second Lien Obligations Secured Parties acknowledges and agrees that, so long as the Discharge of First Lien Obligations has not occurred, the Common Collateral and
any other collateral securing the First Lien Obligations or proceeds thereof received in connection with the Disposition of, or collection on, such Common Collateral or such other collateral upon the exercise of remedies as a secured party shall be
applied by the Applicable First Lien Agent or the relevant First Lien Obligations Representatives to the 

  
 24 

 
applicable First Lien Obligations in a manner as specified in the relevant First Lien Obligations Documents until the Discharge of First Lien Obligations has occurred. After the Discharge of
First Lien Obligations, subject to Section 5.7 hereof, the Applicable First Lien Agent and the First Lien Obligations Representatives (if not the Applicable First Lien Agent) shall deliver promptly to the Applicable Second Lien Agent (and/or
its designees), for the benefit of the Second Lien Obligations Secured Parties, any Common Collateral or proceeds thereof held by it in the same form as received, with any necessary endorsements or as a court of competent jurisdiction may otherwise
direct to be applied by the relevant Second Lien Obligations Representative to the Second Lien Obligations in a manner as specified in the Second Lien Obligations Documents. Any Common Collateral or proceeds thereof remaining after the Discharge of
Second Lien Obligations shall be promptly delivered to the Pledgors or as a court of competent jurisdiction may otherwise direct to be applied. 

4.3 Payments Over. Any Common Collateral or other collateral securing any First Lien Obligations or proceeds thereof received by the
Applicable Second Lien Agent, any Second Lien Obligations Representative or any other Second Lien Obligations Secured Party in connection with the exercise of any right or remedy (including setoff or recoupment) relating to the Common Collateral or
such other collateral or otherwise in contravention of this Agreement prior to the Discharge of First Lien Obligations shall be segregated and held in trust for the benefit of, and forthwith paid over to, the Applicable First Lien Agent (and/or its
designees), for the benefit of the First Lien Obligations Secured Parties, in the same form as received, with any necessary endorsements or as a court of competent jurisdiction may otherwise direct. The Applicable First Lien Agent and each First
Lien Obligations Representative (if not the Applicable First Lien Agent) are each hereby individually authorized to make any such endorsements as agent for the Applicable Second Lien Agent, any Second Lien Obligations Representative or any other
Second Lien Obligations Secured Parties. This authorization is coupled with an interest and is irrevocable. 
 SECTION 5. Other
Agreements. 
 5.1 Releases. 

(a) If, at any time any Pledgor or any First Lien Obligations Secured Party delivers notice to the Applicable Second Lien Agent or the
relevant Second Lien Obligations Representatives that any specified Common Collateral (including all or substantially all of the equity interests of a Pledgor or any of its subsidiaries, which shall include for such purpose, in the case of the sale
of equity interests in any such subsidiary) held by such subsidiary (or any direct or indirect subsidiary thereof) is Disposed of (other than to another Pledgor), 

(i) by the owner of such Common Collateral in a transaction not prohibited under the First Lien Credit Facility, any applicable
Other First Lien Obligations Documents, the Second Lien Credit Agreement and any applicable Other Second Lien Obligations Documents; or 

  
 25 

 (ii) during the existence of any Event of Default under (and as defined in) the
First Lien Credit Facility or any applicable Other First Lien Obligations Documents in connection with any enforcement action, exercise of rights or remedies or to the extent that the Applicable First Lien Agent has consented to such Disposition;

 then (whether or not any Insolvency or Liquidation Proceeding is pending at the time) the Liens securing the Second Lien Obligations upon such Common
Collateral will automatically be released and discharged as and upon, but only to the extent, such Liens on such Common Collateral securing the First Lien Obligations are released and discharged. 

Upon delivery to the Applicable Second Lien Agent and each Second Lien Obligations Representative (if different from the Applicable Second
Lien Agent) of a notice from the Applicable First Lien Agent, the relevant First Lien Obligations Representatives or the Company, which notice states that any release of Liens securing or supporting any First Lien Obligations has become effective
(or shall become effective upon the release by the Applicable Second Lien Agent or other relevant Second Lien Obligations Secured Parties), whether in connection with a sale of such assets by the relevant Pledgor pursuant to the preceding clauses or
otherwise, the Applicable Second Lien Agent or such other Second Lien Obligations Secured Parties, as the case may be, shall promptly execute and deliver such instruments, releases, termination statements or other documents or instruments confirming
such release on customary terms or otherwise reasonably satisfactory to the Applicable First Lien Agent and the Company, it being understood that all reasonable and documented
out-of-pocket expenses incurred by any Second Lien Obligations Secured Parties (and their respective representatives) in connection with the execution and delivery of
such release documents or instruments shall be borne by the Pledgors. In the case of the Disposition of all or substantially all of the capital stock of a Pledgor or any of its subsidiaries, the guarantee in favor of the Second Lien Obligations
Secured Parties, if any, made by such Pledgor or such subsidiary will automatically be released and discharged as and upon, but only to the extent, the guarantee by such Pledgor or such subsidiary of the First Lien Obligations is released and
discharged if (A) such Disposition is not prohibited by the terms of the First Lien Obligations Documents and the Second Lien Obligations Documents or (B) such Disposition is made during the existence of any Event of Default under (and as
defined in) the First Lien Credit Facility or any applicable Other First Lien Obligations Documents in connection with any enforcement action, exercise of rights or remedies or to the extent that the Applicable First Lien Agent has consented to such
Disposition. 
 (b) Each of the Applicable Second Lien Agent and each Second Lien Obligations Representative for itself and on behalf of
the applicable Second Lien Obligations Secured Parties hereby irrevocably constitutes and appoints (which appointment is coupled with an interest) the Company, the Applicable First Lien Agent and any officer or agent of the Company or the Applicable
First Lien Agent, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of the
Applicable Second Lien Agent or such Second Lien Obligations Representative, or in the Company’s or the Applicable First Lien 

  
 26 

 
Agent’s own name, from time to time in the Company’s or such First Lien Obligations Representative’s discretion, for the purpose of carrying out the terms of this Section 5.1,
to take any and all appropriate action and to execute any and all documents and instruments that may be necessary or desirable to accomplish the purposes of this Section 5.1, including any termination statements, endorsements or other
instruments of transfer or release. 
 (c) Unless and until the Discharge of First Lien Obligations has occurred, each of the Applicable
Second Lien Agent and each Second Lien Obligations Representative, for itself and on behalf of the applicable Second Lien Obligations Secured Parties, hereby consents to the application, whether prior to or after a default, of proceeds of Common
Collateral or other collateral to the repayment of First Lien Obligations pursuant to the applicable First Lien Obligations Documents; provided, that nothing in this Section 5.1(c) shall be construed to prevent or impair the rights of
the Second Lien Obligations Representatives or the other Second Lien Obligations Secured Parties to receive proceeds in connection with the Second Lien Obligations not otherwise in contravention of this Agreement. 

5.2 Insurance. The Applicable First Lien Agent (or the relevant First Lien Obligations Representative) and the Applicable Second Lien
Agent (or the relevant Second Lien Obligations Representative) will be named as additional insureds and/or loss payees, as applicable, under any insurance policies maintained by any Pledgor. Proceeds of the Common Collateral include insurance
proceeds and, therefore, the Lien priority set forth in this Agreement shall govern the ultimate Disposition of such insurance proceeds. Unless and until the Discharge of First Lien Obligations has occurred, the Applicable Second Lien Agent and each
Second Lien Obligations Representative, for itself and on behalf of the applicable Second Lien Obligations Secured Parties, hereby agrees that, subject to the rights of the Pledgors under the First Lien Obligations Documents: 

(a) the Applicable First Lien Agent or the relevant First Lien Obligations Representatives, as the case may be, shall have the sole and
exclusive right to (i) adjust settlement for any losses covered by an insurance policy covering the Common Collateral or any other collateral securing the First Lien Obligations and (ii) approve any award granted in any condemnation or
similar proceeding (or a deed in lieu of condemnation) affecting the Common Collateral or such other collateral; and 
 (b) all proceeds of
any such policy and any such award or deed, if in respect of the Common Collateral or such other collateral, shall be paid (i) first, prior to the occurrence of the Discharge of First Lien Obligations, to the Applicable First Lien Agent (which
shall, upon receipt of such proceeds, promptly forward to the relevant First Lien Obligations Representatives for application in respect of the applicable Series) for the benefit of the First Lien Obligations Secured Parties pursuant to the terms of
the applicable First Lien Obligations Documents, (ii) second, after the occurrence of the Discharge of First Lien Obligations, to the Applicable Second Lien Agent (which shall, upon receipt of such proceeds, promptly forward to the relevant
Second Lien Obligations Representatives for application in respect of the applicable Series) for the benefit of the Second Lien Obligations Secured Parties pursuant to the 

  
 27 

 
terms of the applicable Second Lien Obligations Documents, and (iii) third, if no Second Lien Obligations are outstanding, to the owner of the subject property, such other person as may be
entitled thereto or as a court of competent jurisdiction may otherwise direct. If the Applicable Second Lien Agent, any Second Lien Obligations Representative or any other Second Lien Obligations Secured Party shall, at any time, receive any
proceeds of any such insurance policy or any such award in contravention of this Agreement, it shall pay such proceeds over to the Applicable First Lien Agent in accordance with the terms of this Section 5.2. 

5.3 Amendments to Second Lien Obligations Collateral Documents. 

(a) So long as the Discharge of First Lien Obligations has not occurred, without the prior written consent of the Applicable First Lien Agent,
no Second Lien Obligations Collateral Document may be amended, supplemented or otherwise modified or entered into to the extent that any provisions therein as so amended, supplemented or modified, or the terms of any new Second Lien Obligations
Collateral Document, would be prohibited by, or would require any Pledgor to act or refrain from acting in a manner that would violate, any of the terms of this Agreement. 

(b) In the event that the relevant First Lien Obligations Representatives or other First Lien Obligations Secured Parties enter into any
amendment, waiver or consent in respect of or replace any First Lien Obligations Collateral Document for the purpose of adding to, or deleting from, or waiving or consenting to any departures from any provisions of, any First Lien Obligations
Collateral Document or changing in any manner the rights of such First Lien Obligations Representatives, such First Lien Obligations Secured Parties, the Company or any other Pledgor thereunder, then such amendment, waiver, consent or replacement
shall apply automatically to any comparable provision of each Comparable Second Lien Obligations Collateral Document in which the Pledgors grants a Lien on the same collateral, without the consent of the Applicable Second Lien Agent, any Second Lien
Obligations Representative or any other Second Lien Obligations Secured Party and without any action by any such person; provided, that such amendment, waiver, consent or replacement (i) does not materially adversely affect the rights of
the Second Lien Obligations Secured Parties or their interests in the Common Collateral to a greater extent than the First Lien Obligations Secured Parties in a like or similar manner (other than by virtue of their relative priorities and rights and
obligations hereunder), (ii) release any Lien of the Second Lien Facility Obligations Secured Parties (except as expressly permitted hereunder) or (iii) imposes any additional obligations on any Second Lien Obligations Representative without
its consent. The Applicable First Lien Agent or the relevant First Lien Obligations Representatives shall give written notice of such amendment, waiver or consent to the Applicable Second Lien Agent and each Second Lien Obligations Representative
(if not the same as the Applicable Second Lien Agent); provided, that the failure to give such notice shall not affect the effectiveness of such amendment, waiver, consent or replacement with respect to the provisions of any Second Lien Obligations
Collateral Document as set forth in this Section 5.3(b). 

  
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 5.4 Rights As Unsecured Creditors. The Applicable Second Lien Agent and the relevant
Second Lien Obligations Representatives may exercise rights and remedies as an unsecured creditor against the Company or any other Pledgor that has guaranteed the Second Lien Obligations in accordance with the terms of the applicable Second Lien
Obligations Documents and applicable law, in each case to the extent not inconsistent with, or prohibited by, the provisions of this Agreement. Nothing in this Agreement shall prohibit the receipt by the Applicable Second Lien Agent, any Second Lien
Obligations Representative or any other Second Lien Obligations Secured Party of the required payments of interest and principal so long as such receipt is not the direct or indirect result of (a) the exercise by the Applicable Second Lien
Agent or any Second Lien Obligations Representative of rights or remedies as a secured creditor in respect of any Common Collateral or other collateral securing any Second Lien Obligations (including any right of
set-off) or (b) enforcement in contravention of this Agreement of any Lien in respect of any Second Lien Obligations. In the event that the Applicable Second Lien Agent or any Second Lien Obligations
Representative becomes a judgment lien creditor or other secured creditor in respect of any Common Collateral or other collateral securing any Second Lien Obligations as a result of its enforcement of its rights as an unsecured creditor in respect
of any Second Lien Obligations or otherwise, such judgment or other lien shall be subordinated to the Liens securing the First Lien Obligations on the same basis as the other Liens securing the Second Lien Obligations are so subordinated to such
Liens securing the First Lien Obligations under this Agreement. Nothing in this Agreement impairs or otherwise adversely affects any rights or remedies that any First Lien Obligations Representative or any First Lien Obligations Secured Party may
have with respect to the collateral securing any First Lien Obligations. 
 5.5 First Lien Obligations Representatives as Gratuitous
Bailees/Gratuitous Agent for Perfection. 
 (a) Each of the Applicable First Lien Agent and each First Lien Obligations Representative
agrees to hold the Pledged Collateral that is part of the Common Collateral that is in its possession or control (or in the possession or control of its agents or bailees) as gratuitous bailee and/or gratuitous agent for the benefit of and on behalf
of the Applicable Second Lien Agent, each Second Lien Obligations Representative and any assignee thereof solely for the purpose of perfecting the security interest granted in such Pledged Collateral, if any, pursuant to the Second Lien Obligations
Collateral Agreements, subject to the terms and conditions of this Section 5.5 (such bailment and/or agency being intended, among other things, to satisfy the requirements of Sections 8-106(d)(3), 8-301(a)(2), 9-104(a)(2) and 9-313(c) of the UCC). Pending delivery to the Applicable First Lien Agent, each other Representative shall
hold any Pledged Collateral that is part of the Common Collateral that is in its possession or control, as gratuitous bailee and/or gratuitous agent for the benefit of and on behalf of each other Secured Party and any assignee thereof solely for the
purpose of perfecting the security interest granted in such Pledged Collateral, if any, pursuant to the relevant First Lien Obligations Collateral Documents and Second Lien Obligations Collateral Agreements, in each case, subject to the terms and
conditions of this Section 5.5 (such bailment and/or agency being intended, among other things, to satisfy the requirements of Sections 8-106(d)(3), 8-301(a)(2), 9-104(a)(2) and 9-313(c) of the UCC). 

  
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 (b) In the event that the Applicable First Lien Agent or any First Lien Obligations
Representative (or its agent or bailees), as applicable, has Lien filings against Intellectual Property (as defined in the applicable First Lien Obligations Collateral Documents) that is part of the Common Collateral that are necessary for the
perfection of Liens on such Common Collateral, the Applicable First Lien Agent or such First Lien Obligations Representative, as applicable, agrees to hold such Liens as gratuitous bailee and/or gratuitous agent for the Applicable Second Lien Agent
and each Second Lien Obligations Representative and any assignee solely for the purpose of perfecting the security interest granted in such Common Collateral, if any, pursuant to the Second Lien Obligations Collateral Agreements, subject to the
terms and conditions of this Section 5.5. 
 (c) Except as otherwise specifically provided herein (including Sections 3.1 and 4.1),
until the Discharge of First Lien Obligations has occurred, the Applicable First Lien Agent and any First Lien Obligations Representative shall be entitled to deal with any Pledged Collateral in accordance with the terms of the relevant First Lien
Obligations Collateral Documents as if the Liens under the Second Lien Obligations Collateral Documents did not exist. The rights of the Second Lien Obligations Representatives and the other Second Lien Obligations Secured Parties with respect to
such Pledged Collateral shall at all times be subject to the terms of this Agreement. 
 (d) Neither the Applicable First Lien Agent nor
any First Lien Obligations Representative shall have any obligation whatsoever to the Applicable Second Lien Agent, any Second Lien Obligations Representative or any other Second Lien Obligations Secured Party to assure that the Pledged Collateral
is genuine or owned by the Pledgors or to protect or preserve rights or benefits of any person or any rights pertaining to the Common Collateral except as expressly set forth in this Section 5.5. The duties or responsibilities of the Applicable
First Lien Agent and the First Lien Obligations Representatives under this Section 5.5 shall be limited solely to holding the Pledged Collateral as gratuitous bailee and/or gratuitous agent for the Applicable Second Lien Agent and each Second
Lien Obligations Representative for purposes of perfecting the Liens securing any Second Lien Obligations. 
 (e) Neither the Applicable
First Lien Agent nor any First Lien Obligations Representative shall have, by reason of any Second Lien Obligations Collateral Documents or this Agreement or any other document, a fiduciary relationship in respect of the Applicable Second Lien
Agent, any Second Lien Obligations Representative or any other Second Lien Obligations Secured Party. The Applicable Second Lien Agent, each Second Lien Obligations Representative and each other Second Lien Obligations Secured Parties hereby waive
and release the Applicable First Lien Agent and each First Lien Obligations Representative from all claims and liabilities arising pursuant to the Applicable First Lien Agent’s role or any First Lien Obligations Representative’s role, as
agent and gratuitous bailee and/or gratuitous agent with respect to any Common Collateral, under this Section 5.5. 

  
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 (f) After the Discharge of the First Lien Obligations, the Applicable First Lien Agent or the
relevant First Lien Obligations Representatives, as the case may be, shall promptly deliver to the Applicable Second Lien Agent, to the extent that it is legally permitted to do so, the remaining Pledged Collateral (if any) and to the extent that
such Pledged Collateral is in the possession or control of the Applicable First Lien Agent or such First Lien Obligations Representative (or its agents or bailees), together with any necessary endorsements (or otherwise allow the Applicable Second
Lien Agent to obtain control of such Pledged Collateral), or as a court of competent jurisdiction may otherwise direct. 
 (g) None of the
Applicable First Lien Agent, or any First Lien Obligations Representative or any First Lien Obligations Secured Party shall be required to marshal any present or future collateral security for the Company’s or its subsidiaries’ obligations
to the Applicable First Lien Agent, such First Lien Obligations Representatives or such First Lien Obligations Secured Parties under any First Lien Obligations Documents or any assurance of payment in respect thereof or to resort to such collateral
security or other assurances of payment in any particular order, and all of their rights in respect of such collateral security or any assurance of payment in respect thereof shall be cumulative and in addition to all other rights, however existing
or arising. 
 5.6 [Reserved]. 

5.7 Reinstatement. If, at any time after the Discharge of First Lien Obligations has occurred, the Company incurs or designates any
First Lien Obligations, then such Discharge of First Lien Obligations shall automatically be deemed not to have occurred for all purposes of this Agreement (other than with respect to any actions taken prior to the date of such incurrence or
designation as a result of the occurrence of such first Discharge of First Lien Obligations), and the applicable agreement governing such First Lien Obligations shall automatically be treated as a First Lien Obligations Credit Document for all
purposes of this Agreement, including for purposes of the Lien priorities and rights in respect of the Common Collateral set forth herein. Upon receipt of notice of such designation (including the identity of any new First Lien Obligations
Representative), the Applicable Second Lien Agent or the relevant Second Lien Obligations Representatives shall promptly (i) enter into such documents and agreements (it being understood that the Company will pay all reasonable and documented out-of-pocket expenses incurred by any such person (and their respective representatives) in connection with the execution and delivery of such documents and agreements),
including amendments or supplements to this Agreement, as the Company or such new First Lien Obligations Representative shall reasonably request in writing in order to provide to the new First Lien Obligations Representative the rights of a First
Lien Obligations Representative contemplated hereby and (ii) to the extent then held by the Applicable Second Lien Agent or any Second Lien Obligations Representative, deliver to such new First Lien Obligations Representative any Pledged
Collateral that is Common Collateral, together with any necessary endorsements (or otherwise allow such new First Lien Obligations Representative to obtain possession or control of such Pledged Collateral). 

  
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 5.8 Refinancings. Any Series of Secured Obligations may be Refinanced with Indebtedness
constituting a Series of Secured Obligations of the same Class or another Class, in each case, without notice to or the consent (except to the extent a consent is otherwise required to permit the Refinancing transaction under any applicable
Documents) of any Secured Party, all without affecting the priorities provided for herein or the other provisions hereof; provided, however, that the requirements set forth in Section 8.22 shall have been satisfied to the extent
applicable. 
 SECTION 6. Insolvency or Liquidation Proceedings. 

6.1 Financing Issues. Until the Discharge of First Lien Obligations has occurred, if the Company or any other Pledgor shall be subject
to any Insolvency or Liquidation Proceeding and the Applicable First Lien Agent shall desire to permit the use, sale or lease of cash collateral (as defined in Section 363(a) of the Bankruptcy Code or any similar provision in any Bankruptcy
Law) or to permit the Company or any other Pledgor to obtain financing under Section 363 or Section 364 of the Bankruptcy Code or any similar provision in any Bankruptcy Law (“DIP Financing”), then each of the Applicable
Second Lien Agent and each Second Lien Obligations Representative for itself and on behalf of the applicable Second Lien Obligations Secured Parties agrees that (i) it will raise no objection to, will not support any objection to or otherwise
contest, and shall be deemed to have consented to, such use, sale or lease of such cash collateral and DIP Financing and will not request adequate protection or any other relief in connection therewith (except to the extent permitted by
Section 6.3) and (ii) it will, to the extent the Liens securing the First Lien Obligations under the First Lien Obligations Documents are subordinated or pari passu with such DIP Financing, subordinate its Liens on the Common Collateral
and any other collateral securing any Second Lien Obligations to such DIP Financing (and all Obligations relating thereto, including any “carve-out” from the Common Collateral granting administrative
priority status or Lien priority to secure the payment of fees and expenses of the United States Trustee or professionals retained by any debtor or creditors’ committee agreed to by the Applicable First Lien Agent or the other First Lien
Obligations Secured Parties) and to any adequate protection Liens granted to the Applicable First Lien Agent on the same basis as the Liens securing the First Lien Obligations are subordinated to the Liens securing the DIP Financing or to confirm
the priorities with respect to Liens securing the First Lien Obligations under this Agreement, as applicable; provided, that the aggregate principal amount of the DIP Financing does not exceed the sum of (1) the aggregate amount of the
First Lien Obligations (after taking into account any “roll-up” thereof) and (2) an amount equal to 100% of the aggregate commitments (whether drawn or undrawn) under such then-existing
revolving credit facilities, in each case determined as of the commencement of such Insolvency or Liquidation Proceeding. 
 Each of the
Applicable Second Lien Agent and each Second Lien Obligations Representative for itself and on behalf of the applicable Second Lien Obligations Secured Parties further agrees that: 

(a) it will raise no objection to, and will not support any objection to or otherwise contest, any motion for relief from the automatic stay
or from 

  
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any injunction against foreclosure or enforcement in respect of any First Lien Obligations made by the Applicable First Lien Agent, any relevant First Lien Obligations Representatives or any
relevant First Lien Obligations Secured Party; 
 (b) it will raise no objection to, will not support any objection to or otherwise
contest, any lawful exercise by any First Lien Obligations Secured Party of the right to credit bid the First Lien Obligations under Section 363(k) of the Bankruptcy Code (or any similar provision under any other applicable Bankruptcy Law) or
at any sale in foreclosure or in any Insolvency or Liquidation Proceeding of any Common Collateral or other collateral securing any First Lien Obligations; 

(c) it will raise no objection to, will not support any objection to or otherwise contest, any other request for judicial relief made in any
court by any First Lien Obligations Secured Party relating to the lawful enforcement of any Lien on any Common Collateral or other collateral securing any First Lien Obligations; or 

(d) except as set forth below, it will raise no objection to, will not support any objection to or otherwise contest, any order relating to a
sale of any Common Collateral of any Pledgor for which any First Lien Obligations Representative has consented that provides, to the extent that the sale is to be free and clear of Liens, that the Liens securing the First Lien Obligations and the
Second Lien Obligations will attach to the proceeds of the sale on the same basis of priority as the Liens securing the First Lien Obligations do to the Liens securing the Second Lien Obligations in accordance with this Agreement, provided
that the applicable Second Lien Obligations Secured Parties may assert any objection to the proposed bidding or related sale procedures to be utilized in connection with a sale or disposition that could be asserted by an unsecured creditor in any
Insolvency or Liquidation Proceeding; without limiting the foregoing, the Applicable Second Lien Agent and each Second Lien Obligations Representative, for itself and on behalf of the applicable Second Lien Obligations Secured Parties, agrees that
it may not raise any objections based on rights afforded by Sections 363(e) and (f) of the Bankruptcy Code to secured creditors (or any comparable provisions of any other Bankruptcy Law) with respect to the Liens granted to such person in
respect of such assets. In addition, the Second Lien Obligation Secured Parties are not deemed to have waived any rights to credit bid on the Common Collateral in any such sale or disposition in accordance with Section 363(k) of the Bankruptcy
Code (or any similar provision under any other applicable Bankruptcy Law), so long as any such credit bid provides for the payment in full in cash of the First Lien Obligations. 

6.2 Relief from the Automatic Stay. Until the Discharge of First Lien Obligations has occurred, the Applicable Second Lien Agent and
each Second Lien Obligations Representative, for itself and on behalf of the applicable Second Lien Obligations Secured Parties, agrees that none of them shall (i) seek relief from the automatic stay or any other stay in any Insolvency or
Liquidation Proceeding in respect of the Common Collateral or any other collateral securing any First Lien Obligations without the prior written consent of all First Lien Obligations Representatives or the Required Lenders in respect of each Series
of First Lien Obligations, or (ii) oppose the Applicable First Lien Agent, any First Lien Obligations Representative or any other First Lien Obligations Secured Party from seeking relief from the automatic stay or any other stay. 

  
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 6.3 Adequate Protection. Each of the Applicable Second Lien Agent and each Second Lien
Obligations Representative, for itself and on behalf of the applicable Second Lien Obligations Secured Parties, agrees that none of them shall contest, or support any other person contesting, (a) any request by the Applicable First Lien Agent,
any First Lien Obligations Representative or any other First Lien Obligations Secured Party for adequate protection in any form or (b) any objection by the Applicable First Lien Agent, any First Lien Obligations Representative or any other
First Lien Obligations Secured Party to any motion, relief, action or proceeding based on the Applicable First Lien Agent, such First Lien Obligations Representative’s or such First Lien Obligations Secured Party’s claiming a lack of
adequate protection. Notwithstanding the foregoing, in any Insolvency or Liquidation Proceeding, (i) if the First Lien Obligations Secured Parties (or any subset thereof) are granted adequate protection in the form of a Lien on additional or
replacement collateral and/or a superpriority administrative claim in connection with any DIP Financing or use of cash collateral under Section 363 or Section 364 of the Bankruptcy Code or any similar Bankruptcy Law, then the Applicable
Second Lien Agent or each Second Lien Obligations Representative, for itself or on behalf of any applicable Second Lien Obligations Secured Party, (A) may seek or request adequate protection in the form of a Lien on such additional or
replacement collateral and/or a superpriority administrative claim (as applicable), which Lien or superpriority claim is junior and subordinated to the Liens securing and providing adequate protection for, and claims with respect to, the First Lien
Obligations and such DIP Financing (and all Obligations relating thereto) on the same basis as the other Liens securing the Second Lien Obligations are so junior and subordinated to the Liens securing, and the claims with respect to, the First Lien
Obligations under this Agreement and (B) agrees that it will not seek or request, without the consent of the Applicable First Lien Agent or as otherwise set forth in this Section 6.3, adequate protection in any other form, and (ii) in
the event that the Applicable Second Lien Agent or any Second Lien Obligations Representative, for itself or on behalf of any applicable Second Lien Obligations Secured Party, is granted adequate protection in the form of a Lien on additional or
replacement collateral and/or a superpriority administrative claim, then the Applicable Second Lien Agent or such Second Lien Obligations Representative, for itself or on behalf of such Second Lien Obligations Secured Party, agrees that the
Applicable First Lien Agent or each First Lien Obligations Representative shall also be granted a senior Lien on such additional or replacement collateral as security and adequate protection for the applicable First Lien Obligations and any such DIP
Financing and/or a superpriority administrative claim (as applicable), and that any Lien on such additional or replacement collateral securing or providing adequate protection for the Second Lien Obligations and/or superpriority claim shall be
junior and subordinated to the Liens on such collateral securing, and the claims with respect to, the First Lien Obligations and any such DIP Financing (and all Obligations relating thereto) and any other Liens granted to the First Lien Obligations
Secured Parties or their respective Representatives as adequate protection on the same basis as the other Liens securing, and claims with respect to, the Second Lien Obligations are so junior and subordinated to such Liens securing and claims with
respect to the First Lien Obligations 

  
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under this Agreement. Without limiting the generality of the foregoing, to the extent that the First Lien Obligations Secured Parties are granted adequate protection in the form of payments in
the amount of current post-petition interest, fees and expenses, and/or other cash payments, then the Applicable Second Lien Agent and the Second Lien Obligations Secured Parties shall not be prohibited from seeking and accepting adequate protection
in the form of payments in the amount of current post-petition interest and incurred fees and expenses, and/or other cash payments (as applicable), subject to the right of the First Lien Obligations Secured Parties to object to the reasonableness of
the amounts of fees and expenses or other cash payments so sought by the Second Lien Obligations Secured Parties. 
 6.4 Avoidance
Issues. If any First Lien Obligations Secured Party is required in any Insolvency or Liquidation Proceeding or otherwise to turn over or otherwise pay to the estate of the Company or any other Pledgor (or any trustee, receiver or similar person
therefor), because the payment of such amount was declared to be fraudulent or preferential in any respect or for any other reason, any amount (a “Recovery”), whether received as proceeds of security, enforcement of any right of
setoff or otherwise, then as among the parties hereto, the First Lien Obligations shall be deemed to be reinstated to the extent of such Recovery and to be outstanding as if such payment had not occurred and the First Lien Obligations Secured
Parties shall be entitled to a Discharge of First Lien Obligations with respect to all such Recovery and shall have all rights hereunder until such time. 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. 

6.5 Application. The parties hereto expressly acknowledge that this Agreement is a “subordination agreement” under
Section 510(a) of the Bankruptcy Code (or any similar provision under any other applicable Bankruptcy Law) and shall be applicable and effective prior to and after the commencement of any Insolvency or Liquidation Proceeding. All references
herein to any Pledgor shall apply to any trustee for such person and such person as debtor in possession. The relative rights as to the Common Collateral and other collateral and proceeds thereof shall continue after the filing thereof on the same
basis as prior to the date of the petition, subject to any court order approving the financing of, or use of cash collateral by, any Pledgor. 

6.6 Waivers. Until the Discharge of First Lien Obligations has occurred, the Applicable Second Lien Agent and each Second Lien
Obligations Representative, for itself and on behalf the applicable Second Lien Obligations Secured Parties, (a) will not assert or enforce any claim under Section 506(c) of the Bankruptcy Code (or any similar provision under any other
applicable Bankruptcy Law) senior to or pari passu with the Liens securing the First Lien Obligations for costs or expenses of preserving or Disposing of any Common Collateral or other collateral, and (b) waives any claim it may now or
hereafter have arising out of the election by any First Lien Obligations Secured Party of the application of Section 1111(b)(2) of the Bankruptcy Code (or any similar provision under any other applicable Bankruptcy Law). 

  
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 6.7 Post-Petition Interest. 

(a) None of the Applicable Second Lien Agent, any Second Lien Obligations Representative, or any other Second Lien Obligations Secured Party
shall oppose or seek to challenge any claim by the Applicable First Lien Agent, any First Lien Obligations Representative or any other First Lien Obligations Secured Party for allowance in any Insolvency or Liquidation Proceeding of First Lien
Obligations consisting of Post-Petition Claims, under Section 506(b) of the Bankruptcy Code (or any similar provision under any other applicable Bankruptcy Law) or otherwise. 

(b) None of the Applicable First Lien Agent, any First Lien Obligations Representative, or any other First Lien Obligations Secured Party
shall oppose or seek to challenge any claim by the Applicable Second Lien Agent, any Second Lien Obligations Representative or any other Second Lien Obligations Secured Party for allowance in any Insolvency or Liquidation Proceeding of Second Lien
Obligations consisting of Post-Petition Claims, under Section 506(b) of the Bankruptcy Code (or any similar provision under any other applicable Bankruptcy Law) or otherwise, to the extent of the value of the Lien of the Second Lien Obligations
on the Common Collateral (after taking into account the First Lien Obligations). 
 6.8 Separate Grants of Security and Separate
Classification. Each of the Company and the other Pledgors; each Applicable First Lien Agent, First Lien Obligations Representative, and all other First Lien Obligations Secured Parties; and each Applicable Second Lien Agent, Second Lien
Obligations Representative, and all other Second Lien Obligations Secured Parties acknowledges and agrees that (i) the grants of Liens pursuant to the First Lien Facility Collateral Documents and the Second Lien Facility Collateral Documents
constitute two separate and distinct grants of Liens and (ii) because of, among other things, their differing rights in the Common Collateral, the Second Lien Obligations are fundamentally different from the First Lien Obligations and must be
separately classified in any Plan of Reorganization proposed or confirmed in an Insolvency or Liquidation Proceeding. In addition, the parties hereto agree that regardless of whether any Post-Petition Claim is allowed or allowable, and without
limiting the generality of the other provisions of this Agreement, this Agreement expressly is intended to include and does include the “rule of explicitness” in that this Agreement expressly entitles the Applicable First Lien Agent, each
First Lien Obligations Representative and each other First Lien Obligations Secured Party, and is intended to provide the Applicable First Lien Agent, such First Lien Obligations Representative and such other First Lien Obligations Secured Party
with the right to receive, in respect of their First Lien Obligations, payment from the Common Collateral of all Post-Petition Claims through distributions made therefrom pursuant to the provisions of this Agreement even if any such Post-Petition
Claims are not allowed or allowable against the bankruptcy estate of the Company or any other Pledgor under Section 502(b)(2) or Section 506(b) of the Bankruptcy Code or under any other provision of the Bankruptcy Code or any other
Bankruptcy Law. To further effectuate the intent of the parties as provided in the immediately preceding sentences, if it is held that the claims of the First Lien Obligations Secured Parties and Second Lien Obligations Secured Parties in respect of
the Common Collateral constitute only one secured claim (rather than separate classes 

  
 36 

 
of senior and junior secured claims), then the First Lien Obligations Secured Parties shall be entitled to receive, in addition to amounts distributed to them from, or in respect of, the
Collateral in respect of principal, prepetition interest and other claims, all amounts owing in respect of Post-Petition Claims, irrespective of whether any claim for such amounts is allowed or allowable in such Insolvency or Liquidation Proceeding,
before any distribution from, or in respect of, any Common Collateral is made in respect of the claims held by the Second Lien Obligations Secured Parties, with the Second Lien Obligations Secured Parties hereby acknowledging and agreeing to turn
over to the First Lien Obligations Secured Parties amounts otherwise received or receivable by them from the Common Collateral to the extent necessary to effectuate the intent of this sentence, even if such turnover has the effect of reducing the
claim or recovery of the Second Lien Obligations Secured Parties. 
 6.9 Reorganization Securities. If, in any Insolvency or
Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed pursuant to a Plan of Reorganization or similar dispositive restructuring plan, both on account of First
Lien Obligations and on account of Second Lien Obligations, then, to the extent the debt obligations distributed on account of the First Lien Obligations and on account of the Second Lien Obligations are secured by Liens upon the same property, the
provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations. 

6.10 Voting. No Second Lien Obligations Secured Party may support or vote in favor of any Plan of Reorganization (and each shall be
deemed to have voted to reject any Plan of Reorganization) unless such plan (a) pays off, in cash in full, all First Lien Obligations, (b) is accepted by the class of holders of First Lien Obligations voting thereon in accordance with
Section 1126 of the Bankruptcy Code (or any similar provision under any other applicable Bankruptcy Law), or (c) otherwise provides the holders of First Lien Obligations with the value of the Common Collateral in cash or otherwise, prior
to any payment or distribution on account of the Second Lien Obligations, subject to Section 6.9 hereof. 

SECTION 7. Reliance; Waivers; etc. 

7.1 Reliance. The consent by the First Lien Obligations Secured Parties to the execution and delivery of the Second Lien Obligations
Documents to which the First Lien Obligations Secured Parties have consented and all loans and other extensions of credit made or deemed made on and after the Closing Date by the First Lien Obligations Secured Parties to the Company or any of its
subsidiaries shall be deemed to have been given and made in reliance upon this Agreement. Each Second Lien Obligations Representative, for itself and on behalf of the applicable Second Lien Obligations Secured Parties, acknowledges that neither it
nor any such applicable Second Lien Obligations Secured Party is entitled to rely on any credit decision or other decisions made by any First Lien Obligations Representative or any First Lien Obligations Secured Party in taking or not taking any
action under the applicable Second Lien Obligations Document or this Agreement. 

  
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 7.2 No Warranties or Liability. No First Lien Obligations Secured Party has made, nor
shall have been deemed to have made, any express or implied representation or warranty upon which any Second Lien Obligations Representative or the other Second Lien Obligations Secured Parties may rely or otherwise, including with respect to the
execution, validity, legality, completeness, collectibility or enforceability of any of the First Lien Obligations Documents, the ownership of any Common Collateral or the perfection or priority of any Liens thereon. The First Lien Obligations
Secured Parties will be entitled to manage and supervise their respective loans and extensions of credit under the First Lien Obligations Documents in accordance with law and as they may otherwise, in their sole discretion, deem appropriate, and
they may manage their loans and extensions of credit without regard to any rights or interests that any Second Lien Obligations Representative or any other Second Lien Obligations Secured Parties may have in the Common Collateral or otherwise,
except as otherwise provided in this Agreement. No First Lien Obligations Secured Party shall have any duty to any Second Lien Obligations Representative or any other Second Lien Obligations Secured Party to act or refrain from acting in a manner
that allows, or results in, the occurrence or continuance of an event of default or default under any agreements with the Company or any subsidiary thereof (including the Second Lien Obligations Documents), regardless of any knowledge thereof that
they may have or be charged with. Except as expressly set forth in this Agreement, no First Lien Obligations Representative, or any other First Lien Obligations Secured Party, or any Second Lien Obligations Representative, or any other Second Lien
Obligations Secured Party has otherwise made to each other, nor does any of them hereby make to each other, any warranties, express or implied, nor does any of them assume any liability to each other, in each case with respect to (a) the
enforceability, validity, value or collectibility of any of the Second Lien Obligations, the First Lien Obligations, or any guarantee or security which may have been granted to any of them in connection with the First Lien Obligations or the Second
Lien Obligations, (b) the Company’s title to or right to transfer any of the Common Collateral or (c) any other matter except as expressly set forth in this Agreement. 

7.3 Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Obligations Representatives and the
First Lien Obligations Secured Parties, and the Second Lien Obligations Representatives and the Second Lien Obligations Secured Parties, respectively, hereunder shall remain in full force and effect irrespective of: 

(a) any lack of validity or enforceability of any First Lien Obligations Documents or any Second Lien Obligations Documents; 

(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations or the Second
Lien 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 the First Lien Facility Documents or any Other First Lien Obligations
Document or of the terms of the Second Lien Facility Documents or any Other Second Lien Obligations Document; 

  
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 (c) any exchange of any security interest in any Common Collateral or any other collateral, or
any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations or the Second Lien Obligations or any guarantee thereof; 

(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any other Pledgor; or 

(e) any other circumstances that otherwise might constitute a defense available to, or a discharge of, the Company or any other Pledgor in
respect of the First Lien Obligations, or of any Second Lien Obligations Representative or any Second Lien Obligations Secured Party in respect of this Agreement. 

SECTION 8. Miscellaneous. 

8.1 Conflicts. Subject to Section 8.20 (Relative Rights), in the event of any conflict between the provisions of this Agreement and
the provisions of any First Lien Obligations Document or any Second Lien Obligations Document, the provisions of this Agreement shall govern. 

8.2 Continuing Nature of this Agreement; Severability. Subject to Section 6.4 (Avoidance Issues), this Agreement shall continue to
be effective until the Discharge of First Lien Obligations shall have occurred or such later time as the Discharge of Second Lien Obligations shall have occurred. This is a continuing agreement of lien subordination and the First Lien Obligations
Secured Parties may continue, at any time and without notice to the Applicable Second Lien Agent, any Second Lien Obligations Representative (if different from the Applicable Second Lien Agent) or any other Second Lien Obligations Secured Party, to
extend credit and other financial accommodations and lend monies to or for the benefit of the Company or any other Pledgor constituting First Lien Obligations in reliance hereon. The terms of this Agreement shall survive, and shall continue in full
force and effect, in any Insolvency or Liquidation Proceeding. Any provision of this Agreement that is prohibited or unenforceable shall not invalidate the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction
shall not invalidate or render unenforceable such provision in any other jurisdiction. The parties shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of
which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 
 8.3 Amendments; Waivers. Subject to
Section 8.22 (Requirements for Consent and Acknowledgement) hereof, no amendment, modification or waiver of any of the provisions of this Agreement by the Applicable First Lien Agent, the Applicable Second Lien Agent, any Second Lien
Obligations Representative or any First Lien Obligations Representative shall be deemed to be made unless the same shall be in writing signed on behalf of the party making the same or its authorized agent and each waiver, if any, shall be a waiver
only with respect to the specific instance involved and shall in no way impair the rights of the parties making such waiver or the obligations of 

  
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the other parties to such party in any other respect or at any other time. The Company and the other Pledgors shall not have any right to consent to or approve any amendment, modification or
waiver of any provision of this Agreement except in respect of the provisions of this Agreement set forth in Section 8.17 below or otherwise to the extent their rights are affected, in which case the Company shall have the right to consent to
or approve any such amendment, modification or waiver. 
 8.4 Information Concerning Financial Condition of the Company and its
Subsidiaries. No First Lien Obligations Secured Party shall have any obligation to any Second Lien Obligations Representative or any other Second Lien Obligations Secured Party to keep such Second Lien Obligations Representative or such
Second Lien Obligations Secured Party informed of, and the Second Lien Obligations Representatives and the other Second Lien Obligations Secured Parties shall not be entitled to rely on any First Lien Obligations Representative or any other First
Lien Obligations Secured Party with respect to, (a) the financial condition of the Company and its subsidiaries and all endorsers, pledgors and/or guarantors of the Second Lien Obligations or the First Lien Obligations and (b) all other
circumstances bearing upon the risk of nonpayment of the Second Lien Obligations or the First Lien Obligations. No First Lien Obligations Representative, or any other First Lien Obligations Secured Party, or any Second Lien Obligations
Representative or any other Second Lien Obligations Secured Party shall have any duty to advise any other party hereunder of information known to it or them regarding such condition or any such circumstances or otherwise. In the event that any First
Lien Obligations Representative, any other First Lien Obligations Secured Party, any Second Lien Obligations Representative or any other Second Lien Obligations Secured Party, in its or their sole discretion, undertakes at any time or from time to
time to provide any such information to any other party, it or they shall be under no obligation (w) to make, and none of the First Lien Obligations Representatives, the other First Lien Obligations Secured Parties, the Second Lien Obligations
Representatives or the other Second Lien Obligations Secured Parties shall make, any express or implied representation or warranty, including with respect to the accuracy, completeness, truthfulness or validity of any such information so provided,
(x) to provide any additional information or to provide any such information on any subsequent occasion, (y) to undertake any investigation or (z) to disclose any information that, pursuant to accepted or reasonable commercial finance
practices, such party wishes to maintain confidential or is otherwise required to maintain confidential. 
 8.5 Subrogation. Each
Second Lien Obligations Representative, for itself and on behalf of the applicable Second Lien Obligations Secured Parties, hereby waives any rights of subrogation it may acquire as a result of any payment hereunder or under any First Lien
Obligations Documents until the Discharge of First Lien Obligations has occurred and hereby agrees that no payment to any First Lien Obligations Representative or any other First Lien Obligations Secured Party pursuant to the provisions of this
Agreement or any First Lien Obligations Document shall entitle any Second Lien Obligations Representative or any other Second Lien Obligations Secured Party to exercise any rights of subrogation in respect thereof until the Discharge of First Lien
Obligations has occurred. 

  
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 8.6 Application of Payments. Except as otherwise provided herein, all payments received by
any First Lien Obligations Secured Party may be applied, reversed and reapplied, in whole or in part, to such part of the First Lien Obligations as the Applicable First Lien Agent in its sole discretion, or the First Lien Obligations Representatives
in their sole discretion, deem appropriate, consistent with the terms of the First Lien Obligations Documents. Except as otherwise provided herein, each Second Lien Obligations Representative, for itself and on behalf of the applicable Second Lien
Obligations Secured Parties, assents to any such extension or postponement of the time of payment of the First Lien Obligations or any part thereof and to any other indulgence with respect thereto, to any substitution, exchange or release of any
security that may at any time secure any part of the First Lien Obligations and to the addition or release of any other person primarily or secondarily liable therefor. 

8.7 Governing Law; Jurisdiction; Consent to Service of Process; Waivers. (a)THIS AGREEMENT AND ANY CLAIMS, CONTROVERSY, DISPUTE OR
CAUSES OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO ANY PRINCIPLE OF
CONFLICTS OF LAW THAT COULD REQUIRE THE APPLICATION OF ANY OTHER LAW. 
 (b) Each party hereto hereby irrevocably and unconditionally
submits, for itself and its property, to the exclusive jurisdiction of any New York State court or federal court of the United States of America sitting in New York City, and any appellate court from any thereof (collectively, “New York
Courts”), in any action or proceeding arising out of or relating to this Agreement, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect
of any such action or proceeding may be heard and determined in such New York Court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on
the judgment or in any other manner provided by law. Nothing in this Agreement shall affect any right that any party hereto may otherwise have to bring any action or proceeding relating to this Agreement in the courts of any jurisdiction. 

(c) Each party hereto hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any
objection which 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 New York Courts. Each of the parties hereto hereby irrevocably waives, to the fullest
extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 
 (d)
Each party hereto hereby irrevocably consents to service of process in the manner provided for notices in Section 8.9. Nothing in this Agreement will affect the right of any party to this Agreement to serve process in any other manner permitted
by law. 

  
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 (e) Each party hereto hereby irrevocably waives, to the maximum extent not prohibited by law,
any right it may have to claim or recover in any legal action or proceeding referred to in this Section 8.7 any special, exemplary, punitive or consequential damages. 

8.8 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 RESPECT OF ANY
LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH 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 8.8. 
 8.9 Notices. 

All notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service,
mailed by certified or registered mail, sent by facsimile, or sent to the e-mail address of the applicable recipient specified below (or the email address of a representative of the applicable recipient
designated by such recipient from time to time to the parties hereto), as follows: 
 (a) if to the Applicable First Lien Agent and the
First Lien Facility Agent as of the date hereof, to it at Credit Suisse AG, Cayman Islands Branch, Eleven Madison Avenue – 6th Floor, New York, NY 10010, Attn: Agency Manager (Facsimile No.
(212) 322-2291, Email: agency.loanops@credit-suisse.com); 
 (b) if to the Applicable Second Lien
Agent and the Second Lien Facility Agent as of the date hereof, to it at Credit Suisse AG, Cayman Islands Branch, Eleven Madison Avenue – 6th Floor, New York, NY 10010, Attn: Agency Manager
(Facsimile No. (212) 322-2291, Email: agency.loanops@credit-suisse.com); 
 (c) if to any Other
First Lien Obligations Agent or Other First Lien Obligations Agent, to it at the address provided in the relevant Consent and Acknowledgment; 

(d) if to the Company, to it at Prime Security Services Borrower, LLC, 4221 W. John Carpenter Fairway, Irving, Texas 75063, Attn: P. Gray
Finney (Facsimile No. (972) 916-6195, Email: grayfinney@Protection1.com); and 

  
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 (e) if to any other Pledgor, to it in care of the Company as provided in clause (d) above.

 Any party hereto may change its address or facsimile number for notices and other communications hereunder by notice to the other parties
hereto (and for this purpose a notice to the Company shall be deemed to be a notice to each Pledgor). All notices and other communications given to any party hereto in accordance with the provisions of this Agreement shall be deemed to have been
given on the date of receipt (if a Business Day) and on the next Business Day thereafter (in all other cases) if delivered by hand or overnight courier service or sent by facsimile or e-mail or on the date
that is five (5) Business Days after dispatch by certified or registered mail if mailed, in each case delivered, sent or mailed (properly addressed) to such party as provided in this Section 8.9 or in accordance with the latest unrevoked
direction from such party given in accordance with this Section. 
 8.10 Further Assurances. Each of the Second Lien Obligations
Representatives (for itself and on behalf of the applicable Second Lien Obligations Secured Parties) and each First Lien Obligations Representative (for itself and on behalf of the applicable First Lien Obligations Secured Parties) agrees that each
of them shall take such further action and shall execute and deliver to the other persons such additional documents and instruments (in recordable form, if requested) as the relevant First Lien Obligations Representative, the relevant Second Lien
Obligations Representative or the Company, as applicable, may reasonably request to effectuate the terms of, and the Lien priorities contemplated by, this Agreement, including, entering into an amendment, an amendment and restatement or a supplement
of this Agreement to facilitate a designation by the Company of (i) a First Lien Facility, (ii) a Second Lien Facility, (iii) additional obligations as Other First Lien Obligations or (iv) additional obligations as Other Second
Lien Obligations (including in each case of the foregoing in respect of a reinstatement contemplated by Section 5.7 or a Refinancing contemplated by Section 5.8). The Company agrees to pay all reasonable and documented out-of-pocket expenses incurred by any such Representatives in connection with the execution and delivery of such additional documents and instruments. 

8.11 Additional Pledgors. The Pledgors agree that, if any subsidiary shall become a Pledgor after the date hereof, it will promptly
cause such subsidiary to execute and deliver an instrument in a form of the Acknowledgment and Consent attached hereto with such changes as may be reasonably acceptable to the Applicable First Lien Agent and the Applicable Second Lien Agent. 

8.12 Binding on Successors and Assigns. This Agreement shall be binding upon each First Lien Obligations Representative, each other
First Lien Obligations Secured Party, each Second Lien Obligations Representative, each other Second Lien Obligations Secured Party and the respective permitted successors and assigns of any of the foregoing persons. 

8.13 Specific Performance. Each First Lien Obligations Representative may demand specific performance of this Agreement. Each Second
Lien Obligations 

  
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Representative, for itself and on behalf of the applicable Second Lien Obligations Secured Parties, hereby irrevocably waives any defense based on the adequacy of a remedy at law and any other
defense that might be asserted to bar the remedy of specific performance in any action that may be brought by any First Lien Obligations Representative. 

8.14 Section Titles. The section titles contained in this Agreement are and shall be without substantive meaning or content of any kind
whatsoever and are not a part of this Agreement. 
 8.15 Counterparts. This Agreement may be executed in one or more counterparts,
including by means of facsimile, each of which shall be an original and all of which shall together constitute one and the same document. 

8.16 Authorization. By its signature, each person executing this Agreement on behalf of a party hereto represents and warrants to the
other parties hereto that it is duly authorized to execute this Agreement. Each First Lien Obligations Representative represents and warrants that this Agreement is binding upon the applicable First Lien Obligations Secured Parties for which such
First Lien Obligations Representative is the Representative. Each Second Lien Obligations Representative represents and warrants that this Agreement is binding upon the applicable Second Lien Obligations Secured Parties for which such Second Lien
Obligations Representative is the Representative. 
 8.17 No Third Party Beneficiaries; Successors and Assigns. This Agreement and
the rights and benefits hereof shall inure to the benefit of, and be binding upon, each of the parties hereto and their respective successors and assigns and shall inure to the benefit of each of, and be binding upon, the First Lien Obligations
Secured Parties and the Second Lien Obligations Secured Parties. No other person shall have or be entitled to assert rights or benefits hereunder. Notwithstanding the foregoing, the Company is an intended beneficiary and third party beneficiary
hereof with the right and power to enforce with respect to Sections 5.1 (Releases), 5.3 (Amendments to Second Lien Obligations Collateral Documents), 5.7 (Reinstatement), 5.8 (Refinancings), 6.1 (Financing Issues), 8.3 (Amendments and Waivers)
(solely with respect to the last sentence thereof), 8.17 (No Third Party Beneficiaries; Successors and Assigns) and 8.22 (Requirements for Consent and Acknowledgment) hereof. 

8.18 Effectiveness of Agreement. This Agreement shall become effective when executed and delivered by the parties hereto. All
references to the Company or any other Pledgor shall include the Company or any other Pledgor as debtor and debtor-in-possession and any receiver or trustee for such
person in any Insolvency or Liquidation Proceeding. 
 8.19 Agent Capacities. It is understood and agreed that: 

(a) CS (i) is entering into this Agreement solely in its capacity as the First Lien Facility Agent and the Applicable First Lien Agent,
(ii) the provisions of 

  
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the First Lien Credit Agreement affording rights, privileges, protections, immunities and indemnities to CS as administrative agent thereunder, including the provisions of the First Lien Credit
Agreement applicable to CS as administrative agent thereunder shall also apply to CS as First Lien Facility Agent and the Applicable First Lien Agent hereunder, and (iii) in no event shall CS incur any liability in connection with this
Agreement or be liable for or on account of the statements, representations, warranties, covenants or obligations stated to be those of the First Lien Facility Agent or any First Lien Obligations Secured Party hereunder, all such liability, if any,
being expressly waived by the parties hereto and any person claiming by, through or under such party; and 
 (b) CS (i) is entering
into this Agreement solely in its capacity as the Second Lien Facility Agent and the Applicable Second Lien Agent, (ii) the provisions of the Second Lien Credit Agreement affording rights, privileges, protections, immunities and indemnities to
CS as administrative agent thereunder shall also apply to CS as Second Lien Facility Agent and the Applicable Second Lien Agent hereunder, and (iii) in no event shall CS incur any liability in connection with this Agreement or be personally
liable for or on account of the statements, representations, warranties, covenants or obligations stated to be those of the Second Lien Obligations Representative or any Second Lien Obligations Secured Party hereunder, all such liability, if any,
being expressly waived by the parties hereto and any person claiming by, through or under such party. 
 8.20 Relative Rights.
Notwithstanding anything in this Agreement to the contrary (except to the extent contemplated by Section 5.3(b)), nothing in this Agreement is intended to or will (a) amend, waive or otherwise modify any provisions of any First Lien
Facility Documents, any Other First Lien Obligations Documents, any Second Lien Facility Document or any Other Second Lien Obligations Documents, or is intended to or will permit Holdings, the Company or any subsidiary thereof to take any action, or
fail to take any action, to the extent such action or failure would otherwise constitute a breach of, or default under, any First Lien Obligations Documents or any Second Lien Obligations Documents; (b) change the relative priorities of the
First Lien Obligations or the Liens granted under the First Lien Obligations Documents on the Common Collateral (or any other assets) as among the First Lien Obligations Secured Parties, it being expressly acknowledged and agreed that such relative
priorities may be subject to any intercreditor agreements governing such relative priorities; (c) otherwise change the relative rights of the First Lien Obligations Secured Parties in respect of the Common Collateral as among such First Lien
Obligations Secured Parties, it being expressly acknowledged and agreed that such relative rights of the First Lien Obligations Secured Parties may be subject to any intercreditor agreements governing such rights; (d) change the relative
priorities of the Second Lien Obligations or the Liens granted under the Second Lien Obligations Documents on the Common Collateral (or any other assets) as among the Second Lien Obligations Secured Parties, it being expressly acknowledged and
agreed that such relative priorities may be subject to any intercreditor agreements governing such relative priorities; (e) otherwise change the relative rights of the Second Lien Obligations Secured Parties in respect of the Common Collateral
as among such Second Lien Obligations Secured Parties, it being expressly acknowledged and agreed that such relative rights of the Second Lien Obligations Secured Parties may be subject to 

  
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any intercreditor agreements governing such rights; or (f) obligate Holdings, the Company or any subsidiary thereof to take any action, or fail to take any action, that would otherwise
constitute a breach of, or default under, any First Lien Obligations Documents or any Second Lien Obligations Documents. 
 8.21
References. Notwithstanding anything to the contrary in this Agreement, any references contained herein to any Section, clause, paragraph, definition or other provision of the Second Lien Credit Agreement (including any definition contained
therein) shall be deemed to be a reference to such Section, clause, paragraph, definition or other provision as in effect on the date of this Agreement; provided, that any reference to any such Section, clause, paragraph or other provision
shall refer to such Section, clause, paragraph or other provision of the Second Lien Credit Agreement, as applicable (including any definition contained therein), as amended or modified from time to time if such amendment or modification has been
(1) made in accordance with the Second Lien Credit Agreement, and (2) either made in accordance with the First Lien Credit Agreement and the Other First Lien Obligations Documents or is approved in writing by, or on behalf of, the
requisite First Lien Obligations Secured Parties as are needed under the terms of the First Lien Credit Agreement and the Other First Lien Obligations Documents, as applicable, to approve such amendment or modification. 

8.22 Requirements for Consent and Acknowledgment. 

(a) The Company may designate hereunder in writing additional obligations as a First Lien Facility, a Second Lien Facility, Other First Lien
Obligations or Other Second Lien Obligations, and may specify that any such additional obligations constitute a Refinancing of any existing Series of First Lien Obligations or any Series of the Second Lien Obligations, as the case may be, without
the consent of any other First Lien Obligations Secured Party or any other Second Lien Obligations Secured Party, if the incurrence of such obligations and related Liens (including the priority thereof) is not prohibited under the applicable First
Lien Obligations Documents and the applicable Second Lien Obligations Documents. 
 (b) If not so prohibited and if the Company wishes to
so designate, the Company shall (i) notify each Applicable Agent in writing of such designation (and such Applicable Agent shall forward such notice to each Representative then existing), (ii) cause the applicable agent for any such additional
obligations that are designated as Other First Lien Obligations or Other Second Lien Obligations, as applicable, to execute and deliver an applicable Consent and Acknowledgment and (iii) if applicable, cause such agent to indicate in such
Consent and Acknowledgment that such Other First Lien Obligations or Other Second Lien Obligations constitute a Refinancing of a specified existing Series of Secured Obligations. 

(c) Notwithstanding anything to the contrary set forth in this Section 8.22 or in Section 8.3 (Amendments; Waivers) hereof, the
Applicable First Lien Agent and the Applicable Second Lien Agent shall (i) to the extent applicable, provide written notice to each other Representative that the applicable agent for any such additional obligations that are designated as a
First Lien Facility or Other First Lien 

  
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Obligations or Second Lien Facility or Other Second Lien Obligations, as applicable, has become the Applicable First Lien Agent or Applicable Second Lien Agent, as applicable, and (ii) at
the request of the Company, without the consent of any First Lien Obligations Secured Party or any Second Lien Obligations Secured Party, execute and deliver the acknowledgement and confirmation of the applicable Consent and Acknowledgment and/or
enter into an amendment, a restatement or a supplement of this Agreement to facilitate the designation of a First Lien Facility, a Second Lien Facility, Other First Lien Obligations or Other Second Lien Obligations. Any such amendment may, among
other things: 
 (i) add other parties holding First Lien Facility Obligations, Second Lien Facility Obligations, Other First
Lien Obligations or Other Second Lien Obligations (or any agent or trustee therefor), as the case may be, to the extent such Indebtedness is not prohibited by the applicable Document; 

(ii) in the case of additional Second Lien Obligations, (A) establish that the Liens on the Common Collateral securing
such Second Lien Obligations shall be junior and subordinate in all respects to all Liens on the Common Collateral securing any present or future First Lien Obligations, and (B) provide to holders of such Second Lien Obligations (or any agent
or trustee thereof) the comparable rights and benefits (including any improved rights and benefits that have been consented to by the Applicable First Lien Agent or the First Lien Obligations Representatives) as are provided to the Second Lien
Obligations Secured Parties under this Agreement; and 
 (iii) in the case of additional Other First Lien Obligations,
(A) establish that the Liens on the Common Collateral securing such Other First Lien Obligations shall be superior and prior in all respects to all Liens on the Common Collateral securing any present or future Second Lien Obligations, and
(B) provide to the holders of such Other First Lien Obligations (or any agent or trustee thereof) the comparable rights and benefits as are provided to the First Lien Obligations Secured Parties under this Agreement. 

(d) Any such additional party as described in clause (c) above, each First Lien Obligations Representative, Applicable First Lien Agent,
each Second Lien Obligations Representative and Applicable Second Lien Agent shall be entitled to rely on the determination of officers of the Company that such modifications do not violate any applicable Documents, if such determination is set
forth in an officer’s certificate delivered by the Company at the request of such party, the Applicable First Lien Agent or the Applicable Second Lien Agent; provided, however, that such determination will not affect whether or
not the Company has complied with its undertakings in such Documents. 

  
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 (e) At the request of the Company, without the consent of any First Lien Obligations Secured
Party or any other Second Lien Obligations Secured Party, any then existing First Lien Obligations Representative or Second Lien Obligations Representative (in addition to the Applicable First Lien Agent and the Applicable Second Lien Agent) shall
execute and deliver the acknowledgement and confirmation of the applicable Consent and Acknowledgment and/or enter into an amendment, a restatement or a supplement of this Agreement to facilitate the designation of a First Lien Facility, a Second
Lien Facility, Other First Lien Obligations or Other Second Lien Obligations. For the avoidance of doubt, such actions shall not be required for the effectiveness of any such designation of a First Lien Facility, a Second Lien Facility, Other First
Lien Obligations or Other Second Lien Obligations. 
 8.23 Intercreditor Agreements. 

(a) Notwithstanding anything to the contrary contained in this Agreement, each party hereto agrees that the First Lien Obligations Secured
Parties (as among themselves) and the Second Lien Obligations Secured Parties (as among themselves) may each enter into intercreditor agreements (or similar arrangements) with the relevant First Lien Obligations Representative or Second Lien
Obligations Representative, respectively, governing the rights, benefits and privileges as among the First Lien Obligations Secured Parties themselves or among the Second Lien Obligations Secured Parties themselves, as the case may be, in respect of
any or all of the Common Collateral, this Agreement and the other First Lien Obligations Collateral Documents or the other Second Lien Obligations Collateral Documents, as the case may be, including as to the application of proceeds of any Common
Collateral, voting rights, control of any Common Collateral and waivers with respect to any Common Collateral, in each case so long as the terms thereof do not violate or conflict with the provisions of this Agreement, any First Lien Obligations
Collateral Documents or any Second Lien Obligations Collateral Documents, as the case may be. In any event, if a respective intercreditor agreement (or similar arrangement) exists, the provisions thereof shall not be (or be construed to be) an
amendment, modification or other change to this Agreement, any First Lien Obligations Collateral Document or Second Lien Obligations Collateral Document, and the provisions of this Agreement, the First Lien Obligations Collateral Documents the
Second Lien Obligations Collateral Documents shall remain in full force and effect in accordance with the terms hereof and thereof (as such provisions may be amended, modified or otherwise supplemented from time to time in accordance with the terms
thereof, including to give effect to any intercreditor agreement (or similar arrangement)). 
 (b) In addition, in the event that the
Company or any subsidiary thereof incurs any obligations secured by a Lien on any Common Collateral that is junior to Liens thereon securing any First Lien Obligations or Second Lien Obligations, as the case may be, and such obligations are not
designated by the Company as a Second Lien Facility or Other Second Lien Obligations, then the Applicable First Lien Agent and Applicable Second Lien Agent may enter into an intercreditor agreement with the agent or trustee for the creditors with
respect to such secured obligation to reflect the relative Lien priorities of such parties with respect to the relevant portion of the 

  
 48 

 
Common Collateral and governing the relative rights, benefits and privileges as among such parties in respect of such Common Collateral, including as to application of the proceeds of such Common
Collateral, voting rights, control of such Common Collateral and waivers with respect to such Common Collateral, in each case so long as such secured obligations are not prohibited under, and the terms of such intercreditor agreement do not violate
or conflict with, the provisions of this Agreement or any of the First Lien Obligations Documents or Second Lien Obligations Documents, as the case may be. If any such intercreditor agreement (or similar arrangement) is entered into, the provisions
thereof shall not be (or be construed to be) an amendment, modification or other change to this Agreement or any First Lien Obligations Documents, and the provisions of this Agreement, the First Lien Obligations Documents and the Second Lien
Obligations Documents shall remain in full force and effect in accordance with the terms hereof and thereof (as such provisions may be amended, modified or otherwise supplemented from time to time in accordance with the respective terms thereof,
including to give effect to any intercreditor agreement (or similar arrangement)). 
 [Remainder of this page intentionally left blank.] 

  
 49 

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

			
	CREDIT SUISSE AG, CAYMAN
	ISLANDS BRANCH, in its capacity as
	First Lien Facility Agent and Applicable
	First Lien Agent

  

			
	By:	 	 /s/ Robert Hetu

		 	Name: Robert Hetu
		 	Title:   Authorized Signatory
		
	By:	 	 /s/ Lingzi Huang

		 	Name: Lingzi Huang
		 	Title:   Authorized Signatory

  

			
	CREDIT SUISSE AG, CAYMAN
	ISLANDS BRANCH, in its capacity as
	Second Lien Facility Agent and Applicable
	Second Lien Agent

  

			
	By:	 	 /s/ Robert Hetu

		 	Name: Robert Hetu
		 	Title:   Authorized Signatory
		
	By:	 	 /s/ Lingzi Huang

		 	Name: Lingzi Huang
		 	Title:   Authorized Signatory

 [Signature page to First Lien/Second Lien Intercreditor Agreement] 

 EXHIBIT A-1 

CONSENT AND ACKNOWLEDGMENT 
 (Other
First Lien Obligations) 
 This CONSENT AND ACKNOWLEDGMENT (this “Consent”), dated as of [mm] [dd], [yyyy], is executed by
[                ], as an Other First Lien Obligations Agent (the “New Agent”), and acknowledged by [CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH], as the
Applicable First Lien Agent, [CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH], as the Applicable Second Lien Agent, and PRIME SECURITY SERVICES BORROWER, LLC, as the Company (on behalf of itself and the other Pledgors as defined in the First Lien/Second
Lien Intercreditor Agreement defined below). 
 This Consent is with respect to that certain First Lien/Second Lien Intercreditor Agreement,
dated as of July 1, 2015 (as amended, renewed, extended, supplemented, restated, replaced or otherwise modified from time to time, the “First Lien/Second Lien Intercreditor Agreement”), by CS, in its capacities as First
Lien Facility Agent and Applicable First Lien Agent, and CS, in its capacities as Second Lien Facility Agent and Applicable Second Lien Agent; and acknowledged and consented to (a) by the Company for itself and on behalf of the Pledgors,
(b) by each other Other First Lien Obligations Agent, for itself and on behalf of such other Other First Lien Obligations Secured Parties, that has executed and delivered an applicable Consent and Acknowledgment, and (c) by each Other
Second Lien Obligations Agent, for itself and on behalf of such Other Second Lien Obligations Secured Parties, that has executed and delivered an applicable Consent and Acknowledgment. Capitalized terms used but not defined herein shall have the
meanings assigned thereto in the First Lien/Second Lien Intercreditor Agreement. 
 Reference is made to [describe new Indebtedness] with
respect to which the New Agent is acting as [trustee/collateral agent/authorized representative]. 
 The New Agent hereby
(a) represents that it is acting in the capacity of an Other First Lien Obligations Agent for the [“Secured Parties”] as defined in and under
[                ] and (b) agrees, for itself and on behalf of such Secured Parties, to be bound by the terms of the First Lien/Second Intercreditor Agreement as if
it were an Other First Lien Obligations Agent, and such Secured Parties were Other First Lien Obligations Secured Parties, as of the date of the First Lien/Second Lien Intercreditor Agreement. 

The address of the New Agent for purposes of all notices and other communications hereunder and under the First Lien/Second Lien Intercreditor
Agreement is                     ,
                    , Attention of
                     (Facsimile No.
                    , E-mail address:
                    ). 
 THIS
CONSENT AND ANY CLAIMS, CONTROVERSY, DISPUTE OR CAUSES OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW
YORK, WITHOUT REGARD TO ANY PRINCIPLE OF CONFLICTS OF LAW THAT COULD REQUIRE THE APPLICATION OF ANY OTHER LAW. 

 IN WITNESS WHEREOF, the undersigned has caused this Consent and Acknowledgment to be duly executed by its
authorized officer as of the day and year first above written. 
  

			
	[NEW AGENT]
		
	By:	 	 
	Name:	 	
	Title:	 	

 Acknowledged and Confirmed by, for purposes of the First Lien/Second Lien Intercreditor Agreement: 

[                 ], as Applicable Second Lien Agent 

 

			
	By:	 	  

	Title:	 	
	Name:	 	

 [                 ], as Applicable First Lien
Agent 
  

			
	By:	 	  

	Title:	 	
	Name:	 	

 PRIME SECURITY SERVICES BORROWER, LLC, 

for itself and on behalf of the Pledgors 
  

			
	By:	 	  

	Title:	 	
	Name:	 	

 EXHIBIT A-2 

CONSENT AND ACKNOWLEDGMENT 
 (Other
Second Lien Obligations) 
 This CONSENT AND ACKNOWLEDGMENT (this “Consent”), dated as of [mm] [dd], [yyyy], is executed by
[                ], as an Other Second Lien Obligations Agent (the “New Agent”), and acknowledged by [CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH], as the
Applicable First Lien Agent, [CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH], as the Applicable Second Lien Agent, and PRIME SECURITY SERVICES BORROWER, LLC, as the Company (on behalf of itself and the other Pledgors as defined in the First Lien/Second
Lien Intercreditor Agreement defined below). 
 This Consent is with respect to that certain First Lien/Second Lien Intercreditor Agreement,
dated as of July 1, 2015 (as amended, renewed, extended, supplemented, restated, replaced or otherwise modified from time to time, the “First Lien/Second Lien Intercreditor Agreement”), by CS, in its capacities as First
Lien Facility Agent and Applicable First Lien Agent, and CS, in its capacities as Second Lien Facility Agent and Applicable Second Lien Agent; and acknowledged and consented to (a) by the Company for itself and on behalf of the Pledgors,
(b) by each Other First Lien Obligations Agent, for itself and on behalf of such Other First Lien Obligations Secured Parties, that has executed and delivered an applicable Consent and Acknowledgment, and (c) by each other Other Second
Lien Obligations Agent, for itself and on behalf of such other Other Second Lien Obligations Secured Parties, that has executed and delivered an applicable Consent and Acknowledgment. Capitalized terms used but not defined herein shall have the
meanings assigned thereto in the First Lien/Second Lien Intercreditor Agreement. 
 Reference is made to [describe new Indebtedness] with
respect to which the New Agent is acting as [trustee/collateral agent/authorized representative]. 
 The New Agent hereby
(a) represents that it is acting in the capacity of an Other Second Lien Obligations Agent for the [“Secured Parties”] as defined in and under
[                ] and (b) agrees, for itself and on behalf of such Secured Parties, to be bound by the terms of the First Lien/Second Intercreditor Agreement as if
it were an Other Second Lien Obligations Agent, and such Secured Parties were Other Second Lien Obligations Secured Parties, as of the date of the First Lien/Second Lien Intercreditor Agreement. 

The address of the New Agent for purposes of all notices and other communications hereunder and under the First Lien/Second Lien Intercreditor
Agreement is                     ,
                    , Attention of
                     (Facsimile No.
                    , E-mail address:
                    ). 
 THIS
CONSENT AND ANY CLAIMS, CONTROVERSY, DISPUTE OR CAUSES OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW
YORK, WITHOUT REGARD TO ANY PRINCIPLE OF CONFLICTS OF LAW THAT COULD REQUIRE THE APPLICATION OF ANY OTHER LAW. 

  
 4 

 IN WITNESS WHEREOF, the undersigned has caused this Consent and Acknowledgment to be duly
executed by its authorized officer as of the day and year first above written. 
  

			
	[NEW AGENT]
		
	By:	 	 
	Name:	 	
	Title:	 	

 Acknowledged and Confirmed by, for purposes of the First Lien/Second Lien Intercreditor Agreement: 

[                 ], as Applicable Second Lien Agent 

 

			
	By:	 	  

	Title:	 	
	Name:	 	

 [                 ], as Applicable First Lien
Agent 
  

			
	By:	 	  

	Title:	 	
	Name:	 	

 PRIME SECURITY SERVICES BORROWER, LLC, 

for itself and on behalf of the Pledgors 
  

			
	By:	 	  

	Title:	 	
	Name:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00277-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00277-of-00352.parquet"}]]