Document:

EX-10.5

 Exhibit 10.5 

EXECUTION VERSION 
  

 
 GUARANTEE AND SECURITY AGREEMENT

 Dated as of 

January 31, 2014 
 among 

NMH HOLDINGS, LLC, 
 NATIONAL
MENTOR HOLDINGS, INC., 
 THE SUBSIDIARIES OF 

NATIONAL MENTOR HOLDINGS, INC. 

parties hereto from time to time 

and 
 BARCLAYS BANK PLC, 

as Administrative Agent 
  

 

 Table of Contents 

 

							
	 	  	 	  	Page	 
			
	 SECTION 1.
	  	 DEFINED TERMS
	  	 	1	  
	 1.1.
	  	 Definitions
	  	 	1	  
	 1.2.
	  	 Other Definitional Provisions
	  	 	6	  
			
	 SECTION 2.
	  	 GUARANTEE
	  	 	6	  
	 2.1.
	  	 Guarantee
	  	 	6	  
	 2.2.
	  	 Guarantee of Payment
	  	 	6	  
	 2.3.
	  	 No Limitations
	  	 	7	  
	 2.4.
	  	 Reinstatement
	  	 	8	  
	 2.5.
	  	 Agreement To Pay; Subrogation
	  	 	8	  
	 2.6.
	  	 Information
	  	 	8	  
	 2.7.
	  	 Savings
	  	 	8	  
	 2.8.
	  	 Keepwell
	  	 	8	  
			
	 SECTION 3.
	  	 GRANT OF SECURITY INTEREST
	  	 	9	  
			
	 SECTION 4.
	  	 REPRESENTATIONS AND WARRANTIES
	  	 	12	  
	 4.1.
	  	 Perfected First Priority Liens
	  	 	12	  
	 4.2.
	  	 Organizational Information
	  	 	12	  
	 4.3.
	  	 Investment Property
	  	 	12	  
	 4.4.
	  	 Intellectual Property
	  	 	13	  
			
	 SECTION 5.
	  	 COVENANTS
	  	 	13	  
	 5.1.
	  	 Delivery of Instruments, Certificated Securities and Chattel Paper
	  	 	13	  
	 5.2.
	  	 Maintenance of Insurance
	  	 	13	  
	 5.3.
	  	 Chief Executive Office, Name, etc.
	  	 	13	  
	 5.4.
	  	 Investment Property
	  	 	14	  
	 5.5.
	  	 Intellectual Property
	  	 	15	  
	 5.6.
	  	 Commercial Tort Claims
	  	 	16	  
			
	 SECTION 6.
	  	 REMEDIAL PROVISIONS
	  	 	16	  
	 6.1.
	  	 Certain Matters Relating to Receivables
	  	 	16	  
	 6.2.
	  	 Communications with Obligors; Grantors Remain Liable
	  	 	18	  
	 6.3.
	  	 Pledged Stock
	  	 	19	  
	 6.4.
	  	 Proceeds to be Turned Over To Administrative Agent
	  	 	20	  
	 6.5.
	  	 Application of Proceeds
	  	 	20	  
	 6.6.
	  	 Code and Other Remedies
	  	 	21	  
	 6.7.
	  	 Deficiency
	  	 	22	  
			
	 SECTION 7.
	  	 THE ADMINISTRATIVE AGENT
	  	 	22	  
	 7.1.
	  	 Administrative Agent’s Appointment as Attorney-in-Fact, etc.
	  	 	22	  
	 7.2.
	  	 Duty of Administrative Agent
	  	 	24	  
	 7.3.
	  	 Execution of Financing Statements
	  	 	24	  
	 7.4.
	  	 Authority of Administrative Agent
	  	 	25	  

  
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	 	  	 	  	Page	 
			
	 SECTION 8.
	  	 INDEMNITY, SUBROGATION AND SUBORDINATION
	  	 	25	  
	 8.1.
	  	 Indemnity and Subrogation
	  	 	25	  
	 8.2.
	  	 Contribution and Subrogation
	  	 	25	  
	 8.3.
	  	 Subordination
	  	 	25	  
			
	 SECTION 9.
	  	 MISCELLANEOUS
	  	 	26	  
	 9.1.
	  	 Amendments in Writing
	  	 	26	  
	 9.2.
	  	 Notices
	  	 	26	  
	 9.3.
	  	 No Waiver by Course of Conduct; Cumulative Remedies
	  	 	26	  
	 9.4.
	  	 Enforcement Expenses; Indemnification
	  	 	26	  
	 9.5.
	  	 Successors and Assigns
	  	 	27	  
	 9.6.
	  	 Set-Off
	  	 	27	  
	 9.7.
	  	 Counterparts
	  	 	27	  
	 9.8.
	  	 Severability
	  	 	27	  
	 9.9.
	  	 Section Headings
	  	 	27	  
	 9.10.
	  	 Integration
	  	 	27	  
	 9.11.
	  	 GOVERNING LAW
	  	 	27	  
	 9.12.
	  	 Submission To Jurisdiction; Waivers
	  	 	27	  
	 9.13.
	  	 Acknowledgments
	  	 	28	  
	 9.14.
	  	 Additional Grantors
	  	 	28	  
	 9.15.
	  	 Authorization to Release Guarantees and Liens
	  	 	28	  
	 9.16.
	  	 Termination or Release
	  	 	29	  
	 9.17.
	  	 WAIVER OF JURY TRIAL
	  	 	30	  
	 9.18.
	  	 Subject to Intercreditor Agreement
	  	 	30	  

 SCHEDULES 
  

			
	Schedule A	 	 Investment Property

	Schedule B	 	 Perfection Information

	Schedule C	 	 Jurisdictions of Organization and Chief Executive Offices

	Schedule D	 	 Intellectual Property

	Schedule E	 	 Commercial Tort Claims

  
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 GUARANTEE AND SECURITY AGREEMENT 

GUARANTEE AND SECURITY AGREEMENT, dated as of January 31, 2014, made by NMH HOLDINGS, LLC (“Holdings”), NATIONAL MENTOR
HOLDINGS, INC. (the “Borrower”) and certain subsidiaries of NATIONAL MENTOR HOLDINGS, INC. who are or become signatories hereto, in favor of BARCLAYS BANK PLC, as Administrative Agent (in such capacity, the “Administrative
Agent”) for the banks and other financial institutions (the “Lenders”) from time to time parties to the Credit Agreement, dated as of January 31, 2014 (as amended, supplemented or otherwise modified from time to time,
the “Credit Agreement”), among the Borrower, Holdings, the Lenders and the Administrative Agent. 
 WITNESSETH 

WHEREAS, pursuant to the Credit Agreement, the Lenders have severally agreed to make extensions of credit upon the terms and subject to the
conditions set forth therein; 
 WHEREAS, the proceeds of the extensions of credit under the Credit Agreement will be used in part to make
valuable transfers to one or more of the Grantors in connection with the operation of their businesses; 
 WHEREAS, the Grantors will derive
substantial direct and indirect benefit from the making of the extensions of credit under the Credit Agreement; and 
 WHEREAS, it is a
condition precedent to the effectiveness of the Credit Agreement and the obligation of the Lenders to make their respective extensions of credit to the Borrower under the Credit Agreement that the Grantors shall have executed and delivered this
Agreement to the Administrative Agent for the ratable benefit of the Secured Parties; 
 NOW, THEREFORE, in consideration of the premises
and to induce the Administrative Agent and the Lenders to enter into the Credit Agreement and to make their respective extensions of credit to the Borrower under the Credit Agreement, each Grantor hereby agrees with the Administrative Agent, for the
ratable benefit of the Secured Parties, as follows: 
 SECTION 1. DEFINED TERMS. 

1.1. Definitions. 

Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit
Agreement, and the following terms are used herein as defined in the New York UCC: Accounts, Certificated Security, Chattel Paper, Commercial Tort Claim, Documents, Equipment, General Intangibles, Health-Care-Insurance Receivables, Instruments and
Inventory. 
 The following terms shall have the following meanings: 

“Agreement”: this Guarantee and Security Agreement, as the same may be amended, supplemented or otherwise modified from time
to time. 

 “Borrower”: as defined in the Recitals. 

“Collateral”: as defined in Section 3. 

“Collateral Account”: any collateral account established by the Administrative Agent as provided in Section 6.1 or 6.4.

 “Contracts”: any contract or agreement between a Grantor and any Person, or an invoice sent by such Grantor, pursuant to
or under which a Receivable shall arise or be created, or which evidences a Receivable. 
 “Copyrights”: (i) all
copyrights arising under the laws of the United States, any other country or any political subdivision thereof, whether registered or unregistered and whether published or unpublished, all registrations and recordings thereof, and all applications
in connection therewith, including, without limitation, all registrations, recordings and applications in the United States Copyright Office, and (ii) the right to obtain all renewals thereof. 

“Copyright Licenses”: any written agreement naming any Grantor as licensor or licensee, granting any right under any
Copyright, including, without limitation, the grant of rights to manufacture, distribute, exploit and sell materials derived from any Copyright. 

“Deposit Account”: as defined in the Uniform Commercial Code of any applicable jurisdiction and, in any event, including,
without limitation, any demand, time, savings, passbook, lockbox account or like account maintained with a depository institution. 

“Excluded Property”: as defined in Section 3. 

“Government Receivable”: any Receivable that, consistent with the Borrower’s past accounting practice, is initially
classified as a Medicare receivable, Medicaid receivable or CHAMPUS receivable or other government receivable. 
 “Government
Receivable Accounts”: as defined in Section 6.1(c). 
 “Grantors”: Holdings, the Borrower and the Subsidiary
Guarantors. 
 “Guarantors”: Holdings and the Subsidiary Guarantors. 

“Guarantor Obligations”: with respect to any Guarantor, all obligations and liabilities of such Guarantor which may arise
under or in connection with this Agreement (including, without limitation, Section 2) or any other Loan Document, any Specified Swap Agreement or any Cash Management Obligations to which such Guarantor is a party, in each case whether on
account of guarantee obligations, reimbursement obligations, fees, indemnities, costs, expenses or otherwise. 
 “Intellectual
Property”: the collective reference to all rights, priorities and privileges relating to intellectual property, whether arising under United States, multinational or foreign laws or otherwise, including, without limitation, the Copyrights,
the Copyright Licenses, the Patents, the Patent Licenses, the Trademarks and the Trademark Licenses, and all rights to sue at law or in equity for any infringement or other impairment thereof, including the right to receive all proceeds and damages
therefrom. 

  
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 “Intercompany Note”: any promissory note evidencing loans made by any Grantor to
the Borrower, Holdings or any of its Restricted Subsidiaries. 
 “Investment Property”: the collective reference to
(i) all “investment property” as such term is defined in Section 9-102(a)(49) of the New York UCC and (ii) whether or not constituting “investment property” as so defined, all Pledged Notes, Pledged LLC Interests
and all Pledged Stock. Notwithstanding anything else herein to the contrary, the definition of “Investment Property” shall be limited (A) in the case of a Foreign Subsidiary or a first-tier Domestic Foreign Holding Company, to 65% of
such Capital Stock in such Subsidiary, (B) in the case of any Subsidiary of a Foreign Subsidiary or a Domestic Foreign Holding Company, to 0% of such Capital Stock in such Subsidiary, (C) in the case of any Insurance Subsidiary, to the
lesser of the amount of such Insurance Subsidiary’s Capital Stock which can be pledged pursuant to the applicable law governing such Insurance Subsidiary or if such Insurance Subsidiary is a Foreign Subsidiary, the amount which is required to
be otherwise pledged hereunder and (D) in the case of any Non-Profit Entity, to the amount of such entity’s Capital Stock that can be pledged pursuant to the applicable law or regulations governing such entity. 

“Issuers”: the collective reference to each issuer of any Investment Property. 

“Loan Document Obligations”: the “Secured Obligations” as defined in the Credit Agreement. 

“New York UCC”: the Uniform Commercial Code as from time to time in effect in the State of New York. 

“Obligations”: (i) in the case of the Borrower, the Loan Document Obligations, and (ii) in the case of each
Guarantor, its Guarantor Obligations. 
 “Patents”: (i) all letters patent of the United States, any other country or
any political subdivision thereof, all reissues and extensions thereof, (ii) all applications for letters patent of the United States or any other country and all divisions, continuations and continuations-in-part thereof and (iii) all
rights to obtain any reissues or extensions of the foregoing. 
 “Patent License”: all agreements providing for the grant
by or to any Grantor of any right to manufacture, use or sell any invention covered in whole or in part by a Patent. 
 “Pledged LLC
Interests”: in each case, whether now existing or hereafter acquired, all of each Grantor’s right, title and interest in and to: 

(a) the membership interests comprising Capital Stock of any Issuer that is a limited liability company, but not any of such
Grantor’s obligations from time to time as a holder of interests in any such Issuer (unless the Administrative Agent or its designee, on behalf of the Administrative Agent and the Lenders, shall elect to become a holder of interests in any such
Issuer in connection with its exercise of remedies pursuant to the terms hereof); 

  
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 (b) any and all moneys due and to become due such Grantor now or in the future by
way of a distribution made to such Grantor in its capacity as a holder of such membership interests comprising Capital Stock in any such Issuer or otherwise in respect of each such Grantor’s interest as a holder of such membership interests
comprising Capital Stock of any such Issuer; 
 (c) any other property of any such Issuer to which such Grantor now or in the
future may be entitled in respect of its membership interests comprising Capital Stock in any such Issuer by way of distribution, return of capital or otherwise; 

(d) any other claim or right which such Grantor now has or may in the future acquire in respect of its membership interests
comprising Capital Stock in any such Issuer; 
 (e) all certificates of any nature whatsoever representing any of the
foregoing that are granted by any such Issuer to such Grantor while this Agreement is in effect; and 
 (g) to the extent not
otherwise included, all Proceeds of any or all of the foregoing. 
 Notwithstanding anything else herein to the contrary, the definition of
“Pledged LLC Interests” shall, with respect to any Non-Profit Entity, Foreign Subsidiary, Domestic Foreign Holding Company or Insurance Subsidiary, only constitute that percentage of the Capital Stock of any such Subsidiary required to be
pledged to the Administrative Agent pursuant to Section 6.9(c) of the Credit Agreement. 
 “Pledged Notes”: all
promissory notes listed on Schedule A on the Closing Date, all Intercompany Notes at any time issued to any Grantor and all other promissory notes issued to or held by any Grantor (other than promissory notes issued in connection with
extensions of trade credit by any Grantor in the ordinary course of business). 
 “Pledged Securities”: the collective
reference to the Pledged LLC Interests, the Pledged Stock and the Pledged Notes, together with any Proceeds thereof. 
 “Pledged
Stock”: the shares of capital stock comprising Capital Stock listed on Schedule A on the Closing Date, together with any other shares of Capital Stock and related stock certificates (if any), options, interests or rights of any
nature whatsoever in respect of the Capital Stock (other than Pledged LLC interests) of any Person that may be issued or granted to, or held by, any Grantor while this Agreement is in effect; provided, however, such security interest
shall be limited (A) in the case of a Foreign Subsidiary or a first-tier Domestic Foreign Holding 

  
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Company, to 65% of such Capital Stock in such Subsidiary, (B) in the case of any Subsidiary of a Foreign Subsidiary or a Domestic Foreign Holding Company, to 0% of such Capital Stock in such
Subsidiary, (C) in the case of any Insurance Subsidiary, to the lesser of the amount of such Insurance Subsidiary’s Capital Stock which can be pledged pursuant to the applicable law governing such Insurance Subsidiary or if such Insurance
Subsidiary is a Foreign Subsidiary, the amount which is required to be otherwise pledged hereunder, (D) in the case of any Non-Profit Entity, to the amount of such entity’s Capital Stock that can be pledged pursuant to the applicable law
or regulations governing such entity and (E) in the case of any Unrestricted Subsidiary, to any Capital Stock of such Unrestricted Subsidiary and the proceeds of such Capital Stock and (iii) not include any Capital Stock that has been
released pursuant to Section 9.16. 
 “Proceeds”: all “proceeds” as such term is defined in
Section 9-102(a)(64) of the New York UCC and, in any event, shall include, without limitation, all dividends or other income from the Investment Property, collections thereon or distributions or payments with respect thereto. 

“Qualified ECP Guarantor”: in respect of any Swap Obligation, each Guarantor that, at the time the relevant guarantee (or
grant of the relevant security interest, as applicable) becomes or would become effective with respect to such Swap Obligation, has total assets exceeding $10,000,000 or such other person as constitutes an “eligible contract participant”
under the Commodity Exchange Act or any regulations promulgated thereunder and which may cause another person to qualify as an “eligible contract participant” with respect to such Swap Obligation at such time by entering into a keepwell
pursuant to section 1a(18)(A)(v)(II) of the Commodity Exchange Act (or any successor provision thereto). 
 “Receivable”:
any right to payment for goods sold or leased or for services rendered, whether or not such right is evidenced by an Instrument or Chattel Paper and whether or not it has been earned by performance (including, without limitation, any Account and any
HealthCare-Insurance Receivable). 
 “Retained Rights”: with respect to any Government Receivable of a Grantor (except to
the extent the obligor thereon may be required, pursuant to a court-ordered assignment which is valid, binding and enforceable under applicable Medicare and Medicaid laws, rules and regulations to make payments directly to a Person other than any
applicable Grantor as the provider of the services giving rise thereto), the rights of such applicable Grantor to collect and receive direct payment from the Governmental Authority obligated in respect of such Government Receivable and, as
applicable, to enforce the claim giving rise thereto against any federal Government Authority to the extent the retention of such rights is required by Requirements of Law; provided, however, that even in the absence of such a
court-ordered assignment, the “Retained Rights” shall not include the right of any applicable Grantor to retain the collections or other Proceeds on any Government Receivable once payment thereon has been made to any applicable Grantor as
the provider of the services giving rise thereto. 
 “Secured Parties”: the collective reference to (a) the Lenders,
(b) the Administrative Agent, (c) the Issuing Lender, (d) the Swingline Lender, (e) each counterparty to any Specified Swap Agreement, (f) each Lender or its Affiliate or any other Person to which any Cash Management
Obligations are owed, and (g) the permitted successors and assigns of each of the foregoing. 

  
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 “Securities Act”: the Securities Act of 1933, as amended. 

“Trademarks”: (i) all trademarks, trade names, corporate names, company names, business names, fictitious business
names, trade styles, service marks, logos and other source or business identifiers, and all goodwill associated therewith, now existing or hereafter adopted or acquired, all registrations and recordings thereof, and all applications in connection
therewith, whether in the United States Patent and Trademark Office or in any similar office or agency of the United States, any State thereof or any other country or any political subdivision thereof, or otherwise, and all common-law rights related
thereto and (ii) the right to obtain all renewals thereof. 
 “Trademark License”: any agreement providing for the
grant by or to any Grantor of any right to use any Trademark. 
 1.2. Other Definitional Provisions. The words “hereof,”
“herein,” “hereto” and “hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and Section and Schedule
references are to this Agreement unless otherwise specified. The meanings given to terms defined herein shall be equally applicable to both the singular and plural forms of such terms. Where the context requires, terms relating to the Collateral or
any part thereof, when used in relation to a Grantor, shall refer to such Grantor’s Collateral or the relevant part thereof. In addition, Section 1.2 of the Credit Agreement shall be applicable to this Agreement. 

SECTION 2. GUARANTEE. 

2.1. Guarantee. Each Guarantor unconditionally guarantees, to the Administrative Agent, for the ratable benefit of the Secured Parties
and their respective successors and permitted assigns, jointly with the other Guarantors and severally, as a primary obligor and not merely as a surety, the due and punctual payment and performance by the applicable Loan Party when due of the Loan
Document Obligations (other than, with respect to any Guarantor, any Excluded Swap Obligations of such Guarantor). Each of the Guarantors further agrees that the Loan Document Obligations may be extended or renewed, in whole or in part, without
notice to or further assent from it, and that it will remain bound upon its guarantee notwithstanding any extension or renewal of any Loan Document Obligation. Each of the Guarantors waives (but only during the term of this Agreement) (except with
respect to such rights as are prohibited from being waived by applicable law) presentment to, demand of payment from and protest to the Borrower or any other Loan Party of any of the Loan Document Obligations, and also waives notice of acceptance of
its guarantee and notice of protest for nonpayment. 
 2.2. Guarantee of Payment. Each of the Guarantors further agrees that its
guarantee hereunder constitutes a guarantee of payment when due and not of collection, and, to the extent permitted by applicable law, waives any right to require that any resort be had by the Administrative Agent or any other Secured Party to any
security held for the payment of the Loan Document Obligations or to any balance of any deposit account or credit on the books of the Administrative Agent or any other Secured Party in favor of the Borrower or any other Person. 

  
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 2.3. No Limitations. 

(a) Except for termination of a Guarantor’s obligations hereunder as expressly provided in Section 9.16, the obligations of each
Guarantor hereunder shall not be subject to any reduction, limitation, impairment or termination for any reason, including any claim of waiver, release, surrender, alteration or compromise, and shall not be subject to any defense (other than defense
of payment or performance) or set-off, counterclaim, recoupment or termination whatsoever by reason of the invalidity, illegality or unenforceability of the Loan Document Obligations or otherwise. Without limiting the generality of the foregoing,
the obligations of each Guarantor hereunder shall not be discharged or impaired or otherwise affected by (i) the failure of the Administrative Agent or any other Secured Party to assert any claim or demand or to enforce any right or remedy
under the provisions of any Loan Document or otherwise; (ii) any rescission, waiver, amendment or modification of, or any release from any of the terms or provisions of, any Loan Document or any other agreement, including with respect to any
other Guarantor under this Agreement; (iii) the release of any security held by the Administrative Agent or any other Secured Party for the Loan Document Obligations or any of them; (iv) any default, failure or delay, willful or otherwise,
in the performance of the Loan Document Obligations; or (v) any other act or omission that may or might in any manner or to any extent vary the risk of any Guarantor or otherwise operate as a discharge of any Guarantor as a matter of law or
equity (other than the payment in full of all the Loan Document Obligations or cash collateralization of Letters of Credit as permitted pursuant to the terms of the Credit Agreement). Each Guarantor expressly authorizes the Secured Parties to take
and hold security for the payment and performance of the Obligations, to exchange, waive or release any or all such security (with or without consideration), to enforce or apply such security and direct the order and manner of any sale thereof in
their sole discretion or to release or substitute any one or more other guarantors or obligors upon or in respect of the Obligations, all without affecting the obligations of any Guarantor hereunder. 

(b) To the fullest extent permitted by applicable law, each Guarantor waives any defense based on or arising out of any defense of the
Borrower or any other Loan Party or the unenforceability of the Obligations or any part thereof from any cause, or the cessation from any cause of the liability of the Borrower or any other Loan Party, other than the payment in full of all the Loan
Document Obligations. The Administrative Agent and the other Secured Parties may, at their election, foreclose on any security held by one or more of them by one or more judicial or nonjudicial sales, accept an assignment of any such security in
lieu of foreclosure, compromise or adjust any part of the Obligations, make any other accommodation with the Borrower or any other Loan Party or exercise any other right or remedy available to them against the Borrower or any other Loan Party,
without affecting or impairing in any way the liability of any Guarantor hereunder except to the extent the Loan Document Obligations have been paid in full. To the fullest extent permitted by applicable law, each Guarantor waives any defense
arising out of any such election even though such election operates, pursuant to applicable law, to impair or to extinguish any right of reimbursement or subrogation or other right or remedy of such Guarantor against the Borrower or any other Loan
Party, as the case may be, or any security. 

  
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 2.4. Reinstatement. Each of the Guarantors agrees that its guarantee hereunder shall
continue to be effective or be reinstated, as the case may be, to the extent at any time payment, or any part thereof, of any Obligation is rescinded or must otherwise be restored by the Administrative Agent or any other Secured Party upon the
bankruptcy or reorganization of the Borrower, any other Loan Party or otherwise. 
 2.5. Agreement To Pay; Subrogation. In
furtherance of the foregoing and not in limitation of any other right that the Administrative Agent or any other Secured Party has at law or in equity against any Guarantor by virtue hereof, upon the failure of the Borrower or any other Loan Party
to pay any Loan Document Obligation when and as the same shall become due, whether at maturity, by acceleration, after notice of prepayment or otherwise, each Guarantor hereby promises to and will forthwith pay, or cause to be paid, to the
Administrative Agent for distribution to the applicable Secured Parties in cash the amount of such unpaid Loan Document Obligation. Upon payment by any Guarantor of any sums to the Administrative Agent as provided above, all rights of such Guarantor
against the Borrower or any other Loan Party arising as a result thereof by way of right of subrogation, contribution, reimbursement, indemnity or otherwise shall in all respects be subject to Section 8. 

2.6. Information. Each Guarantor assumes all responsibility for being and keeping itself informed of the Borrower’s and each other
Loan Party’s financial condition and assets, and of all other circumstances bearing upon the risk of nonpayment of the Loan Document Obligations and the nature, scope and extent of the risks that such Guarantor assumes and incurs hereunder, and
agrees that none of the Administrative Agent or the other Secured Parties will have any duty to advise such Guarantor of information known to it or any of them regarding such circumstances or risks. 

2.7. Savings. In any action or proceeding involving any state corporate limited partnership or limited liability company law, or any
applicable state, federal or foreign bankruptcy, insolvency, reorganization or other law affecting the rights of creditors generally, if the obligations of any Guarantor under Section 2.1 would otherwise be held or determined to be void,
voidable, invalid or unenforceable, or subordinated to the claims of any other creditors, on account of the amount of its liability under Section 2.1, then, notwithstanding any other provision to the contrary, the amount of such liability
shall, without any further action by such Guarantor, any Loan Party or any other person, be automatically limited and reduced to the highest amount (after giving effect to the right of contribution established in Section 8.2) that is valid and
enforceable and not subordinated to the claims of other creditors as determined in such action or proceeding. 
 2.8. Keepwell. Each
Qualified ECP Guarantor hereby jointly and severally absolutely, unconditionally, and irrevocably undertakes to provide such funds or other support as may be needed from time to time by each other Guarantor to honor all of its obligations under this
Section 2 in respect of any Swap Obligation (provided, however, that each Qualified ECP Guarantor shall only be liable under this Section 2.8 for the maximum amount of such liability that can be hereby incurred without rendering its
obligations under this Section 2.8, or otherwise under this Section 2, voidable under applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations of each Qualified ECP Guarantor
under this Section 2.8 shall remain in full force and effect until a discharge of the 

  
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Guarantor Obligations. Each Qualified ECP Guarantor intends that this Section 2.8 constitute, and this Section 2.8 shall be deemed to constitute, a “keepwell, support, or other
agreement” for the benefit of each other Guarantor for all purposes of section 1a(18)(A)(v)(II) of the Commodity Exchange Act. 

SECTION 3. GRANT OF SECURITY INTEREST. Each Grantor hereby collaterally assigns, pledges and grants to the Administrative Agent, for
the ratable benefit of the Secured Parties, a security interest in, all of the following property now owned or at any time hereafter acquired by such Grantor or in which such Grantor now has or at any time in the future may acquire any right, title
or interest (collectively, the “Collateral”), as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of such Grantor’s Obligations:

 (a) all Accounts; 

(b) Letter of Credit rights; 

(c) all Chattel Paper; 

(d) all Contracts; 

(e) all Deposit Accounts; 

(f) all Documents; 

(g) all Equipment; 

(h) all General Intangibles; 

(i) all Instruments; 

(j) all Intellectual Property; 

(k) all Inventory; 

(l) all Investment Property; 

(m) all Receivables (including without limitation Government Receivables); 

(n) commercial tort claims as listed on Schedule E; 

(o) all books and records pertaining to the Collateral; and 

(p) to the extent not otherwise included, all Proceeds and products of any and all of the foregoing and all collateral security
and guarantees given by any Person with respect to any of the foregoing; 
 provided, that in no event will “Collateral” be deemed to
include any Retained Rights. 

  
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 Notwithstanding the foregoing provisions of this Section 3, such grant of security interest
shall not extend to, and the term “Collateral” shall exclude (a) (i) Contracts, lease, licenses, Chattel Paper, Intellectual Property and other General Intangibles, or assets subject thereto, if any, (but shall not include the
Receivables, collections and Proceeds thereof) which are now or hereafter held by Grantor as licensee, lessee or otherwise, to the extent that (and only for so long as) (A) such Contracts, Chattel Paper and other General Intangibles, or assets
subject thereto, if any, are not assignable or capable of being encumbered as a matter of law or under the terms of the license, lease or other agreement applicable thereto (but solely to the extent that any such restriction shall be enforceable
under applicable law, including Sections 9-406, 9-407, 9-408 or 9-409 of the New York UCC, in respect of the grant of a security interest hereunder), without the consent of the licensor or lessor thereof, or other applicable party thereto and
(B) such consent has not been obtained, (ii) assets owned by any Grantor on the Closing Date or hereafter acquired and any proceeds thereof that are subject to a Lien securing a Capital Lease Obligation or a purchase money obligation
permitted to be incurred pursuant to the Credit Agreement or any other Lien permitted by Section 7.3(g) of the Credit Agreement to the extent and for so long as the contract or other agreement in which such Lien is granted (or the documentation
providing for such Capital Lease Obligation or purchase money obligation) validly prohibits the creation of any other Lien on such assets and proceeds, (iii) any property and any person existing at the time such property or person is acquired
or merged with or into or consolidated with any Grantor that is subject to a Lien permitted by Section 7.3(m) of the Credit Agreement to the extent and for so long as the contract or other agreement in which such Lien is granted validly
prohibits the creation of any other Lien on such property, (iv) any intent-to-use trademark application for which a statement of use has not been filed and accepted with the U.S. Patent and Trademark Office or any other Intellectual Property to
the extent and for so long as creation by a Grantor of a security interest therein would result in the loss by such Grantor of any material rights therein, (v) the Institutional L/C Collateral Account Agreement and the Institutional L/C
Collateral Account and all funds and proceeds therein, and any proceeds thereof prior to their receipt by any Grantor, (vi) (A) any Capital Stock in any Unrestricted Subsidiary and proceeds of the Capital Stock of any Unrestricted
Subsidiary and (B) (w) in the case of a Foreign Subsidiary or a first-tier Domestic Foreign Holding Company, Capital Stock in excess of 65% of such Subsidiary’s Capital Stock, (x) in the case of any Subsidiary of a Foreign
Subsidiary or a Domestic Foreign Holding Company, 100% of the Capital Stock in such Subsidiary, (y) in the case of any Insurance Subsidiary, the greater of the amount of such Insurance Subsidiary’s Capital Stock which is prohibited or
restricted from being pledged pursuant to the applicable law governing such Insurance Subsidiary (with no requirement to obtain the consent of any governmental authority or third party) or if such Insurance Subsidiary is a Foreign Subsidiary, the
amount which is otherwise excluded from being pledged hereunder and (z) in the case of any Non-Profit Entity, the amount of such entity’s Capital Stock that is prohibited or restricted from being pledged pursuant to the applicable law or
regulations governing such entity (with no requirement to obtain the consent of any governmental authority or third party) (vii) any interest in a Joint Venture or a Subsidiary that is not a Wholly-Owned Subsidiary to the extent the granting of
a security interest therein is prohibited by the terms of the organizational documents or any shareholder or similar agreement of such joint venture or Subsidiary, (viii) any motor vehicle or other assets subject to certificates of title, the
perfection of a security interest in which cannot be perfected through the filing of UCC-1 financing statements under the UCC in the relevant jurisdiction, (ix) any fee-owned real property with a value less than $1,000,000 and any leasehold
interests in real property (with no requirement to obtain landlord waivers, estoppels or collateral access letters), (x) any assets if, as reasonably determined by the Borrower in writing, granting a security interest therein to the
Administrative 

  
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Agent for the benefit of the Secured Parties would result in adverse tax consequences to Holdings or any of its Restricted Subsidiaries, (xii) any asset if, in the good faith determination
of the Borrower (in consultation with the Administrative Agent), the burden, cost or consequences to Holdings or its Restricted Subsidiaries of creating or perfecting such security interests in favor of the Administrative Agent for the benefit of
the Secured Parties is excessive in relation to the benefits to be obtained therefrom by the Secured Parties, (xi) letter of credit rights, except to the extent constituting a support obligation for other Collateral as to which perfection of
the security interest in such other Collateral is accomplished solely by the filing of a Uniform Commercial Code financing statement (it being understood that no actions shall be required to perfect a security interest in letter of credit rights,
other than a filing of a Uniform Commercial Code financing statement), (xii) Commercial Tort Claims valued below $1,000,000 in the good faith determination of the Borrower; (xiii) any governmental licenses or state or local franchises,
charters and authorizations to the extent a security interest is prohibited or restricted thereby (after giving effect to the applicable anti-assignment provisions of the UCC of any applicable jurisdiction or other applicable Law and other than
Proceeds and receivables thereof, the assignment of which is expressly deemed effective under the UCC of any applicable jurisdiction or other applicable Law notwithstanding such prohibition and (xiv) pledges and security interests prohibited or
restricted by applicable law (including any requirement to obtain the consent of any governmental authority or third party, including without limitation, no requirement to comply with the Assignment of Claims Act or any similar statute) and
(b) any non-U.S. assets or assets that require action under the law of any non-U.S. jurisdiction to create or perfect a security interest in such assets, including any intellectual property registered in any non-U.S. jurisdiction (and no
security agreements or pledge agreements governed under the laws of any non-U.S. jurisdiction shall be required) (each of the foregoing in clauses (a) and (b), collectively, the “Excluded Property”). 

The Administrative Agent may grant extensions of time for the perfection of security interests in particular assets (including extensions
beyond the Closing Date for the perfection of security interests in the assets of any Loan Party on such date) where it reasonably determines, in consultation with the Borrower, that perfection cannot be accomplished without undue efforts or expense
by the time or times at which it would otherwise be required by this Agreement or the other Loan Documents. 
 Notwithstanding anything
herein to the contrary, (i) in no event shall any Grantor be required to (w) perfect a security interest in (A) any foreign Intellectual Property or (B) in any goods covered by a certificate of title, (x) take any action
intended to cause any property that constitutes Excluded Property to constitute Collateral, (y) take any action, other than the filing of UCC financing statements and other actions otherwise required to be taken hereunder, to perfect any Lien
in any assets located outside of the United States, or (z) deliver (A) control agreements, (B) landlord waivers, (C) bailee letters, (D) other similar third-party documents, or (E) foreign security documents,
(ii) in no event shall the Collateral include or the security interest granted hereunder or under any other Security Document attach to any Excluded Property (the actions described in this paragraph, collectively, “Excluded
Actions”), (iii) none of the covenants or representations and warranties herein or in any other Loan Document shall be deemed to apply to any property constituting Excluded Property and (iv) none of the covenants or
representations and warranties herein or in any other Loan Document shall be deemed to apply to, or require the performance of any Excluded Actions. 

  
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 SECTION 4. REPRESENTATIONS AND WARRANTIES. To induce the Administrative Agent and the
Secured Parties to make their respective extensions of credit to the Borrower under the Credit Agreement, each Grantor hereby represents and warrants to the Administrative Agent and each Lender that: 

4.1. Perfected First Priority Liens. The security interests granted pursuant to this Agreement with respect to Collateral in which a
security interest may be perfected by filing, recording or registering financing statements in a filing office in the United States (or any political subdivision thereof) and its territories and possessions pursuant to the Uniform Commercial Code in
such jurisdictions (“U.S. Collateral”) (a) upon timely completion of the filings, recordings, and registrations specified on Schedule B and payment of all applicable filing fees in connection therewith will constitute
valid perfected security interests in all such U.S. Collateral in favor of the Administrative Agent, for the ratable benefit of the Secured Parties, as collateral security for such Grantor’s Obligations, enforceable (subject to the effect of
bankruptcy, insolvency, reorganization, receivership, moratorium and other similar laws affecting creditors’ rights generally and general equitable principles, whether considered in a proceeding in equity or at law) in accordance with the terms
hereof under the applicable Uniform Commercial Code against all creditors of such Grantor and any Persons purporting to purchase such U.S. Collateral from such Grantor; provided, that additional filings may be required to perfect the Administrative
Agent’s security interest in any Intellectual Property acquired after the Closing Date and (b) are prior to all other Liens on the U.S. Collateral in existence on the Closing Date except for Permitted Liens. 

4.2. Organizational Information. On the Closing Date, such Grantor’s (i) chief executive office, (ii) exact legal name,
(iii) jurisdiction of formation, organization or incorporation (as applicable) and (iv) organizational identification number (if any) is as specified on Schedule C. 

4.3. Investment Property. The shares of Pledged Stock pledged by such Grantor hereunder constitute all the issued and outstanding
shares of all classes of the Capital Stock of each Issuer owned by such Grantor (other than Capital Stock in Non-Profit Entities, Foreign Subsidiaries, Domestic Foreign Holding Companies, Insurance Subsidiaries and Unrestricted Subsidiaries not
required to be pledged pursuant to the Loan Documents). The Pledged LLC Interests pledged by the Grantors constitute all the issued and outstanding Capital Stock of each Issuer that is a limited liability company in which any Grantor has any right,
title or interest (other than Capital Stock in Non-Profit Entities, Foreign Subsidiaries, Domestic Foreign Holding Companies, Insurance Subsidiaries and Unrestricted Subsidiaries not required to be pledged pursuant to the Loan Documents). All the
shares of the Pledged Stock and the Pledged LLC Interests have been duly and validly issued and in the case of the Pledged Stock are fully paid and nonassessable. To the knowledge of such Grantor, each of the Pledged Notes constitutes the legally
valid and binding obligation of the obligor with respect thereto, enforceable in accordance with its terms, subject to the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws relating to or
affecting creditors’ rights generally and general equitable principles (whether considered in a proceeding in equity or 

  
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at law). Such Grantor is the record and beneficial owner of, and has good and legal title to, the Investment Property pledged by it hereunder, free of any and all Liens of, any other Person,
except the Lien created by this Agreement and Permitted Liens. 
 4.4. Intellectual Property. Schedule D lists all U.S.
federal registrations and applications for registration of Intellectual Property owned by such Grantor in its own name on the Closing Date. Except as set forth in Schedule D or as would not reasonably be expected to have a Material Adverse
Effect, on the Closing Date, all material Intellectual Property owned by such Grantor is subsisting, unexpired and, to the knowledge of the Grantor, valid and enforceable, has not been abandoned and does not infringe the intellectual property rights
of any other Person. Except as set forth in Schedule D, on the Closing Date, none of the material Intellectual Property owned by such Grantor is the subject of any material exclusive licensing agreement pursuant to which such Grantor is the
licensor. No holding, decision or judgment has been rendered by any Governmental Authority which would limit, cancel or question the validity of, or such Grantor’s rights in, any Intellectual Property owned by such Grantor in any respect that
would reasonably be expected to have a Material Adverse Effect. No action or proceeding is pending, or, to the knowledge of such Grantor, threatened, on the Closing Date (i) seeking to limit, cancel or question the validity of any material
Intellectual Property owned by such Grantor or such Grantor’s ownership interest therein, or (ii) which, if adversely determined, would reasonably be expected to have a Material Adverse Effect on the value of any Intellectual Property
owned by such Grantor. 
 SECTION 5. COVENANTS. Each Grantor covenants and agrees with the Administrative Agent and the Secured
Parties that, from and after the date of this Agreement until the Secured Obligations (other than obligations under or in respect of Swap Agreements) (excluding contingent indemnity obligations) shall have been paid in full, no Letter of Credit
shall be outstanding (or shall have been cash collateralized or replaced in a manner reasonably satisfactory to the Administrative Agent) and the Commitments shall have terminated: 

5.1. Delivery of Instruments, Certificated Securities and Chattel Paper. If any material amount payable under or in connection with any
of the Collateral owned by such Grantor shall be or become evidenced by any Instrument, Certificated Security or Chattel Paper, such Instrument (other than checks delivered in the ordinary course of business which will promptly be deposited for
collection), Certificated Security or Chattel Paper shall be promptly delivered to the Administrative Agent, duly endorsed in a manner reasonably satisfactory to the Administrative Agent, to be held as Collateral pursuant to this Agreement; provided
that no Grantor shall be obligated to deliver to the Administrative Agent any such Instrument, Certificated Securities (other than Pledged Securities issued by a Restricted Subsidiary of Holdings) or Chattel Paper held by such Grantor with a face
amount less than $2,500,000. 
 5.2. Maintenance of Insurance. Each Grantor or an Affiliate on behalf of such Grantor will at all
times maintain insurance, at such Grantor’s own expense to the extent and in the manner provided in the Credit Agreement. 
 5.3.
Chief Executive Office, Name, etc. Such Grantor will not, except upon 10 days’ (or such shorter period as agreed to by the Administrative Agent) prior written notice to the Administrative Agent and delivery to the Administrative Agent of
all additional financing statements and other documents reasonably requested by the Administrative Agent to maintain the validity, perfection and priority of the security interests provided for herein: 

(i) change its jurisdiction of organization or the location of its chief executive office or sole place of business from that
referred to in Section 4.2; 

  
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 (ii) change its legal name, identity or corporate structure to such an extent
that any financing statement filed by the Administrative Agent in connection with this Agreement would become misleading; or 

(iii) change its organizational identification number. 

5.4. Investment Property. 

(a) If such Grantor shall receive any stock certificate or a certificate evidencing membership interests or partnership interests (including,
without limitation, any certificate representing a stock dividend or a distribution in connection with any reclassification, increase or reduction of capital or any certificate issued in connection with any reorganization), option or rights in
respect of the Capital Stock of any Issuer constituting Pledged Stock or Pledged LLC Interests, whether in addition to, in substitution of, as a conversion of, or in exchange for, any shares of the Pledged Stock or the Pledged LLC Interests owned by
such Grantor, or otherwise in respect thereof, such Grantor shall accept the same as the agent of the Administrative Agent and the other Secured Parties, hold the same in trust for the Administrative Agent and the other Secured Parties and deliver
the same forthwith to the Administrative Agent in the exact form received, duly endorsed by such Grantor to the Administrative Agent if required, together with an undated stock power covering such certificate duly executed in blank by such Grantor
to be held by the Administrative Agent, subject to the terms hereof, as additional collateral security for the obligations of such Grantor hereunder (subject to the limitation set forth in Section 6.9(c) of the Credit Agreement). Except as a
result of a transaction permitted under the Credit Agreement, any sums paid upon or in respect of such Investment Property upon the liquidation or dissolution of any Issuer shall be applied by the relevant Grantor as set forth in the Credit
Agreement. 
 (b) Without the prior written consent of the Administrative Agent, such Grantor will not (i) Dispose of the Investment
Property or Proceeds thereof constituting Collateral (except pursuant to a transaction permitted by the Credit Agreement) or (ii) create, incur or permit to exist any Lien with respect to, any of the Investment Property or Proceeds thereof
constituting Collateral, or any interest therein, except for the Liens created by this Agreement or Permitted Liens. 
 (c) In the case of
each Grantor which is an Issuer of Pledged Stock or Pledged LLC Interests, such Issuer agrees that (i) it will be bound by the terms of this Agreement relating to the Investment Property issued by it and will comply with such terms insofar as
such terms are applicable to it and (ii) the terms of Sections 6.3(c) and 6.7 shall apply to it, mutatis mutandis, with respect to all actions that may be required of it pursuant to Section 6.3(c) or 6.7 with respect to the
Investment Property issued by it. 

  
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 5.5. Intellectual Property. 

(a) Except as would not reasonably be expected to result in a Material Adverse Effect, such Grantor will (i) continue to use each
material Trademark owned by such Grantor (based upon such Grantor’s offering of products and/or services) on each and every trademark class of goods for which such trademark is currently used, to the extent necessary in order to maintain such
Trademark in full force free from any claim of abandonment for non-use, (ii) maintain at least the same standards of quality of products and services offered under such Trademark as are currently maintained, (iii) use such Trademark with
the appropriate notice of registration and all other notices and legends required by applicable Requirements of Law, and (iv) not knowingly (and not permit any licensee or sublicensee thereof to) do any act or knowingly omit to do any act
whereby such Trademark may become invalidated or materially destroyed, invalidated, harmed or impaired. 
 (b) Such Grantor will not
knowingly do any act, or knowingly omit to do any act, whereby it is reasonably foreseeable any material Patent owned by such Grantor may become forfeited, abandoned or dedicated to the public for so long as such Patent is material to the business
of such Grantor, except at the end of its statutory term. 
 (c) Such Grantor will not knowingly do any act or knowingly omit to do any act
whereby any material Copyright owned by Grantor may become invalidated or otherwise materially impaired or fall into the public domain for so long as such Copyright is material to the business of the Grantor, except at the end of its statutory term.

 (d) Except as would not reasonably be expected to result in a Material Adverse Effect, such Grantor will not knowingly do any act that
knowingly uses any material Intellectual Property owned by such Grantor to infringe the intellectual property rights of any other Person. 

(e) Such Grantor will notify the Administrative Agent and the other Secured Parties as soon as reasonably practicable if it knows that any
application or registration relating to any material Intellectual Property owned by such Grantor has or will become forfeited, abandoned or dedicated to the public (except at the end of its statutory term), or of any materially adverse determination
(including, without limitation, the institution of, or any such determination or development in, any proceeding in the United States Patent and Trademark Office or the United States Copyright Office regarding such Grantor’s ownership of, or the
validity of, any material Intellectual Property owned by such Grantor or such Grantor’s right to register the same or to own and maintain the same (other than office actions issued in the ordinary course of prosecution of any pending
applications for patents or applications for registration of other Intellectual Property). 
 (f) Whenever such Grantor, shall file an
application for the registration of any Intellectual Property owned by such Grantor with the United States Patent and Trademark Office or the United States Copyright Office, such Grantor shall report such filing to the Administrative Agent
concurrently with the delivery of the financial statements referred to in Section 6.1(a) or (b) in the Credit Agreement. Upon request of the Administrative Agent, such Grantor shall execute and deliver, and have recorded, any and all
reasonably necessary agreements, instruments, documents, and papers as the Administrative Agent may reasonably request to 

  
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evidence the Administrative Agent’s and the Lenders’ security interest in any Copyright, Patent or Trademark and the goodwill and general intangibles of such Grantor relating thereto or
represented thereby. 
 (g) Such Grantor will take commercially reasonable steps to maintain each registration of the material Intellectual
Property owned by such Grantor for so long as such Intellectual Property is material to the business of such Grantor, except as would not reasonably be expected to have a Material Adverse Effect, including, without limitation, filing of applications
for renewal, affidavits of use and affidavits of incontestability. 
 (h) In the event that, to the knowledge of the Grantor, any material
Intellectual Property owned by such Grantor is infringed, misappropriated or diluted by a third party, such Grantor shall (i) take such actions as such Grantor shall reasonably deem appropriate under the circumstances to protect such material
Intellectual Property and (ii) if such infringement, misappropriation or dilution would reasonably be expected to have a Material Adverse Effect, promptly notify the Administrative Agent after it learns thereof and, if appropriate, sue for
infringement, misappropriation or dilution, seek injunctive relief where appropriate and seek to recover any and all damages for such infringement, misappropriation or dilution. 

5.6. Commercial Tort Claims. If the Grantors or any of them shall at any time acquire a Commercial Tort Claim such Grantor(s) shall,
within a reasonable period of time, notify the Administrative Agent in writing of the brief details thereof and shall grant to the Administrative Agent for the benefit of the Secured Parties a security interest therein and in the proceeds thereof,
all on the terms of this Agreement, and in writing in form and substance reasonably satisfactory to the Administrative Agent. This Section 5.6 shall apply only to Commercial Tort Claims (i) that are not claims against the Administrative
Agent or any of the other Secured Parties in their capacities as such or as Administrative Agent or Secured Parties under the Loan Documents, and (ii) as to which the Grantor(s) holding any such claim has been advised by counsel engaged for the
purpose of prosecuting such claim that such claim is reasonably likely to result in a judgment or negotiated settlement in excess of $2,500,000. The Grantor(s) shall have sole control of all aspects of commercial tort claims that are subject to this
Section 5.6 unless and until an Event of Default has occurred and is continuing, the Loan Document Obligations have been accelerated and the Administrative Agent has begun exercising rights with respect to other Collateral under this Agreement.

 SECTION 6. REMEDIAL PROVISIONS. 

6.1. Certain Matters Relating to Receivables. 

(a) Subject to applicable law and contractual rights, if any, in each case relating to confidentiality, at any time after the occurrence and
during the continuance of an Event of Default during any field examination permitted under the Credit Agreement, the Administrative Agent shall have the right to make test verifications of the Receivables in any manner and through any medium that it
reasonably considers advisable, and each Grantor in the name of such Grantor shall furnish all such assistance and information as the Administrative Agent may reasonably require in connection with such test verifications. 

  
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 (b) The Administrative Agent hereby authorizes each Grantor to collect such Grantor’s
Receivables (except in respect of any Receivable subject to Retained Rights to the extent not permitted by applicable law), and the Administrative Agent may, or upon the request of the Required Lenders, the Administrative Agent shall, curtail or
terminate said authority at any time after the occurrence and during the continuance of an Event of Default under Sections 8(a) or (f) of the Credit Agreement. Except as set forth in Section 6.1(c), at any time after the occurrence and
during the continuance of an Event of Default under Sections 8(a) or (f) of the Credit Agreement, with the consent of the Required Lenders, the Administrative Agent may, or upon the request of the Required Lenders, the Administrative Agent
shall, require any payments of Receivables, when collected by any Grantor, (i) shall be forthwith (and, in any event, within two Business Days) deposited by such Grantor in the exact form received, duly endorsed by such Grantor to the
Administrative Agent if required, in a Collateral Account maintained under the sole dominion and control of the Administrative Agent as collateral security for such Grantor’s Obligations, subject to withdrawal by the Administrative Agent for
the account of the Secured Parties in payment of such Grantor’s Obligations only as provided in Section 6.5, and (ii) until so turned over, shall be held by such Grantor for the Administrative Agent and the other Secured Parties,
segregated from other funds of such Grantor. Notwithstanding anything to the contrary herein, the Administrative Agent shall not assign or otherwise dispose of any Trademark owned by any Grantor without assigning the assets and goodwill of the
business associated therewith and any such assignment shall be null and void. Each such deposit of Proceeds of Receivables shall be accompanied by a report identifying in reasonable detail the nature and source of the payments included in the
deposit. 
 (c) If required by the Administrative Agent at any time after the occurrence and during the continuance of an Event of Default
under Sections 8(a) or (f) of the Credit Agreement, (1) any payments of Receivables (other than Receivables subject to Retained Rights) shall be directed by the applicable Grantor or the Administrative Agent to be sent directly to a
lockbox address designated by the Administrative Agent and daily deposited into a lockbox account at the Administrative Agent under the sole dominion and control of the Administrative Agent, and (2) the applicable Grantor shall cause any
payments of Government Receivables subject to Retained Rights, when collected by any Grantor, to be forthwith (and, in any event, within two Business Days) deposited by such Grantor into a separate deposit account (the “Government
Receivables Account”) under the dominion and control of the Grantor, for which such Grantor shall have delivered a standing direction to the depository holding such applicable Government Receivables Account, directing it to sweep cash
proceeds of such Receivables daily and to wire and deposit the same into the Collateral Account specified in Section 6.1(b) above, all to the extent not prohibited by applicable law. It shall be an Event of Default under the Credit Agreement if
any Grantor changes such standing direction. Each such deposit of Proceeds of Receivables subject to Retained Rights deposited in the Government Receivables Account shall be accompanied by a report delivered to the Administrative Agent within two
Business Days after the deposit thereof into the Government Receivables Account, identifying in reasonable detail the nature and source of the payments included in such deposit. 

(d) Upon the occurrence and during the continuance of an Event of Default, at the Administrative Agent’s reasonable request, each Grantor
shall deliver to the Administrative Agent all copies of (or originals to the extent deemed necessary by the Administrative Agent) 

  
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all material documents evidencing, and relating to, the agreements and transactions which gave rise to the Receivables of such Grantor, including, without limitation, copies of (or originals to
the extent deemed necessary by the Administrative Agent) all orders, invoices and shipping receipts. 
 6.2. Communications with
Obligors; Grantors Remain Liable. 
 (a) Subject to applicable law and contractual rights, if any, in each case relating to
confidentiality, at any time after the occurrence and during the continuance of an Event of Default, the Administrative Agent in its own name may at any time communicate with obligors under the Receivables and parties to the Contracts to verify with
them to the Administrative Agent’s reasonable satisfaction the existence, amount and terms of any Receivables or Contracts. 
 (b) At
any time after the occurrence and during the continuance of an Event of Default under Section 8(a) or (f) of the Credit Agreement, upon the request of the Administrative Agent, which request the Administrative Agent may make with the
consent of the Required Lenders, or shall make upon the request of the Required Lenders, each Grantor shall notify obligors on the Receivables (except where such Receivables are subject to Retained Rights) and parties to the Contracts that the
Receivables and the Contracts have been assigned for security to the Administrative Agent for the ratable benefit of the Secured Parties and that payments in respect thereof shall be made directly to the Administrative Agent. 

(c) Anything herein to the contrary notwithstanding, each Grantor shall remain liable under each of the Receivables and Contracts to observe
and perform all the conditions and obligations to be observed and performed by it thereunder, all in accordance with the terms of any agreement giving rise thereto. Neither the Administrative Agent nor any Lender shall have any obligation or
liability under any Receivable (or any agreement giving rise thereto) or Contract by reason of or arising out of this Agreement or the receipt by the Administrative Agent or any Lender of any payment relating thereto, nor shall the Administrative
Agent or any Lender be obligated in any manner to perform any of the obligations of any Grantor under or pursuant to any Receivable (or any agreement giving rise thereto) or Contract, to make any payment, to make any inquiry as to the nature or the
sufficiency of any payment received by it or as to the sufficiency of any performance by any party thereunder, to present or file any claim, to take any action to enforce any performance or to collect the payment of any amounts which may have been
assigned to it or to which it may be entitled at any time or times. 

  
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 6.3. Pledged Stock. 

(a) Unless an Event of Default shall have occurred and be continuing and the Administrative Agent shall have given three (3) Business
Days’ prior written notice to the relevant Grantor of the Administrative Agent’s intent to exercise its corresponding rights pursuant to Section 6.3(b), each Grantor shall be permitted to receive all dividends and other distributions
paid in respect of the Pledged Stock, all payments made in respect of the Pledged Notes and all distributions made in respect of the Pledged LLC Interests, to the extent permitted in the Credit Agreement, and to exercise all voting and corporate
rights with respect to the Investment Property. 
 (b) To the extent permitted by applicable law, if an Event of Default shall occur and be
continuing and the Administrative Agent shall have given two (2) Business Days’ prior written notice of its intent to exercise such rights to the relevant Grantor or Grantors, (i) the Administrative Agent, with the consent of the
Required Lenders may, or upon the request of the Required Lenders shall have the right to receive any and all cash dividends, payments, or other Proceeds paid in respect of the Investment Property (other than dividends, payments and proceeds
expressly permitted by the Credit Agreement to be paid to a party other than the Administrative Agent or any other Secured Party), to hold the same as additional collateral security for and make application thereof to such Grantor’s Obligations
in accordance with Section 6.5, and (ii) with the consent of the Required Lenders, the Administrative Agent may, or upon the request of the Required Lenders, the Administrative Agent shall, have the right to register any or all of the
Investment Property constituting Collateral in the name of the Administrative Agent or its nominee, and the Administrative Agent or its nominee may thereafter exercise (x) all voting, corporate and other rights pertaining to such Investment
Property at any meeting of shareholders of the relevant Issuer or Issuers or otherwise and (y) any and all rights of conversion, exchange and subscription and any other rights, privileges or options pertaining to such Investment Property as if
it were the absolute owner thereof (including, without limitation, the right to exchange at its discretion any and all of the Investment Property upon the merger, consolidation, reorganization, recapitalization or other fundamental change in the
corporate structure of any Issuer, or upon the exercise by any Grantor or the Administrative Agent of any right, privilege or option pertaining to such Investment Property, and in connection therewith, the right to deposit and deliver any and all of
the Investment Property with any committee, depository, transfer agent, registrar or other designated agency upon such terms and conditions as the Administrative Agent may determine), all without liability except to account for property actually
received by it, but the Administrative Agent shall have no duty to any Grantor to exercise any such right, privilege or option and shall not be responsible for any failure to do so or delay in so doing. Upon the cure or waiver of any Event of
Default in accordance with the Credit Agreement, (a)(i) each Grantor shall have the right to receive the payments, proceeds, dividends, distributions, monies, compensation, property, assets, instruments or rights that it would be authorized to
receive and retain pursuant to this Agreement absent an Event of Default (ii) the Administrative shall deliver to the respective Grantor all cash and monies that such Grantor is entitled to retain pursuant to this Agreement which have not been
applied to the repayment of the Obligations pursuant to this Agreement or the Credit Agreement and (b) each Grantor shall have the right to exercise the voting, managerial and other consensual rights and powers that it would otherwise be
entitled to pursuant to this Agreement absent an Event of 

  
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Default and the Administrative Agent shall (at the expense of the Borrower) cause any Investment Property registered pursuant to clause (ii) of this Section 6.3(b) to be registered in
the name of the original Grantor in which such Investment Property was registered prior to the Event of Default which has been cured or waived. 

(c) Each Grantor hereby authorizes and instructs each Issuer of any Investment Property pledged by such Grantor hereunder to (i) comply
with any instruction received by it from the Administrative Agent in writing that (x) states that an Event of Default has occurred and is continuing and (y) is otherwise in accordance with the terms of this Agreement, without any other or
further instructions from such Grantor, and each Grantor agrees that each Issuer shall be fully protected in so complying, and (ii) unless otherwise expressly permitted hereby, pay any dividends or other payments with respect to the Investment
Property directly to the Administrative Agent. 
 6.4. Proceeds to be Turned Over To Administrative Agent. In addition to the rights
of the Administrative Agent and the Secured Parties specified in Section 6.1 with respect to payments of Receivables, if an Event of Default shall occur and be continuing, with the consent of, or upon the request of, the Required Lenders, all
Proceeds received by any Grantor consisting of cash, checks and other near-cash items shall be held by such Grantor in trust for the Administrative Agent and the Secured Parties, segregated from other funds of such Grantor, and shall, forthwith upon
receipt by such Grantor, be turned over to the Administrative Agent in the exact form (except as any Receivable subject to Retained Rights not in exact form to the extent prohibited by applicable law, but only Proceeds in form to the extent not so
prohibited) received by such Grantor (duly endorsed by such Grantor to the Administrative Agent, if required). All Proceeds received by the Administrative Agent hereunder shall be held by the Administrative Agent in a Collateral Account maintained
under its sole dominion and control. All Proceeds while held by the Administrative Agent in a Collateral Account (or by such Grantor in trust for the Administrative Agent and the Secured Parties) shall continue to be held as collateral security for
all of such Grantor’s Obligations and shall not constitute payment thereof until applied as provided in Section 6.5. Upon the cure or waiver of any Event of Default in accordance with the Credit Agreement, each Grantor shall have the right
to receive the Proceeds that it would be authorized to receive and retain pursuant to this Agreement absent an Event of Default. 
 6.5.
Application of Proceeds. At such intervals as may be agreed upon by the applicable Grantor and the Administrative Agent, or, if an Event of Default shall have occurred and be continuing, with the consent of the Required Lenders, the
Administrative Agent may, or upon the request of the Required Lenders, the Administrative Agent shall, apply all or any part of Proceeds constituting Collateral held in the Collateral Account in payment of the Obligations in the following order:
first, to all incurred and unpaid fees and reasonable expenses of the Administrative Agent or any other Secured Party with respect to the Credit Agreement, the other Loan Documents, any Specified Swap Agreement, any agreement related to Cash
Management Obligations or the Collateral; second, to the Administrative Agent, for application by it towards payment of amounts then due and owing and remaining unpaid in respect of the applicable Obligations, pro rata among the Secured
Parties according to the amounts of the applicable Obligations then due and owing and remaining unpaid to the Secured Parties; third, to the Administrative Agent, for application by it towards prepayment of the applicable Obligations, pro
rata among the Secured Parties according to the amounts of the applicable Obligations then 

  
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held by the Secured Parties; and fourth, any balance of such Proceeds remaining after the applicable Obligations (other than contingent obligations under general indemnification provisions
as to which no claim is pending) shall have been paid in full, no Letters of Credit shall be outstanding (unless cash collateralized or subject to backstop letters of credit, in each case on terms satisfactory to the Issuing Bank) and the
Commitments shall have terminated shall be paid over to the relevant Borrower or whomsoever may be lawfully entitled to receive the same. Notwithstanding the foregoing, no amount received from any Guarantor shall be applied to any Excluded Swap
Obligation of such Guarantor. 
 6.6. Code and Other Remedies. 

(a) If any Event of Default has occurred and is continuing, the Administrative Agent (at the direction of the Required Lenders), on behalf of
the Secured Parties, may exercise, in addition to all other rights and remedies granted to them in this Agreement and in any other instrument or agreement securing, evidencing or relating to the Obligations, all rights and remedies of a secured
party under the New York UCC or any other applicable law (except in respect of any Receivable subject to Retained Rights to the extent not permitted by applicable law). Without limiting the generality of the foregoing, the Administrative Agent (at
the direction of the Required Lenders), without further demand of performance or other demand, presentment, protest, advertisement or notice of any kind (except any notice required by law referred to below), to or upon any Grantor or any other
Person (all and each of which demands, defenses, advertisements and notices are hereby waived to the extent permitted by law), may in such circumstances forthwith collect, receive, appropriate and realize upon the Collateral, or any part thereof,
and/or may forthwith sell, lease, assign, give option or options to purchase, or otherwise dispose of and deliver the Collateral or any part thereof (or contract to do any of the foregoing), in one or more parcels at public or private sale or sales,
at any exchange, broker’s board or office of the Administrative Agent or any other Secured Party or elsewhere upon such terms and conditions as it may deem advisable and at such prices as it may deem best, for cash or on credit or for future
delivery without assumption of any credit risk. The Administrative Agent (at the direction of the Required Lenders) shall have the right upon any such public sale or sales, and, to the extent permitted by law, upon any such private sale or sales, to
purchase the whole or any part of the Collateral so sold, free of any right or equity of redemption in any Grantor, which right or equity is hereby waived and released. Each Grantor further agrees, at the Administrative Agent’s request, to
assemble the Collateral and make it available to the Administrative Agent at places which the Administrative Agent shall reasonably select, whether at such Grantor’s premises or elsewhere. The Administrative Agent shall apply the net proceeds
of any action taken by it pursuant to this Section 6.6, after deducting all reasonable costs and expenses of every kind incurred in connection therewith or incidental to the care or safekeeping of any of the Collateral or in any way relating to
the Collateral or the rights of the Administrative Agent and the Secured Parties hereunder, including, without limitation, reasonable attorneys’ fees and disbursements, to the payment in whole or in part of the Obligations, in such order as set
forth in Section 6.5, and only after such application and after the payment by the Administrative Agent of any other amount required by any provision of law, including, without limitation, Section 9-615 of the New York UCC, need the
Administrative Agent account for the surplus, if any, to any Grantor. To the extent permitted by applicable law, each Grantor waives all claims, damages and demands it may acquire against the Administrative Agent or any other Secured Party arising

  
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out of the exercise by them of any rights hereunder. If any notice of a proposed sale or other disposition of Collateral shall be required by law, such notice shall be deemed reasonable and
proper if given at least ten days before such sale or other disposition. 
 (b) If at any time when the Administrative Agent shall determine
to exercise its right to sell all or any part of the Pledged Stock pursuant to this Section, and if such Pledged Stock or the part thereof to be sold shall not, for any reason whatsoever, be effectively registered under the Securities Act or the
securities laws of any state, the Administrative Agent is hereby expressly authorized to sell such Pledged Stock or such part thereof by private sale in such manner and under such circumstances as the Administrative Agent may deem commercially
reasonable in order that such sale may legally be effected without such registration. The Administrative Agent shall sell all or any part of the Pledged Stock at a price which the Administrative Agent deems commercially reasonable under the
circumstances. 
 6.7. Deficiency. Each Grantor shall remain liable for any deficiency if the proceeds of any sale or other
disposition of the Collateral are insufficient to pay such Grantor’s Obligations and the reasonable fees and disbursements of any attorneys employed by the Administrative Agent or any other Secured Party to collect such deficiency. 

SECTION 7. THE ADMINISTRATIVE AGENT. 

7.1. Administrative Agent’s Appointment as Attorney-in-Fact, etc. 

(a) Until the termination of this Agreement or the release of such Grantor pursuant to Section 9.16, each Grantor hereby irrevocably
constitutes and appoints the Administrative Agent and any officer or agent thereof, 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 such Grantor and in the
name of such Grantor or in its own name, for the purpose of carrying out the terms of this Agreement, to take any and all appropriate action and to execute any and all documents and instruments which may be necessary or desirable to accomplish the
purposes of this Agreement, and, without limiting the generality of the foregoing, each Grantor hereby gives the Administrative Agent the power and right, on behalf of such Grantor, without notice to (except any notice otherwise required herein or
in the other Loan Documents) or assent by such Grantor, to do any or all of the following: 
 (i) in the name of such Grantor
or its own name, or otherwise, take possession of and endorse and collect any checks, drafts, notes, acceptances or other instruments for the payment of moneys due under any Receivable (except where such Receivables are subject to Retained Rights)
or Contract or with respect to, any other Collateral and file any claim or take any other action or proceeding in any court of law or equity or otherwise deemed appropriate by the Administrative Agent for the purpose of collecting any and all such
moneys due under any Receivable (except where such Receivables are subject to Retained Rights) or Contract or with respect to any other Collateral whenever payable; 

(ii) in the case of any Intellectual Property owned by or licensed to the Grantor, execute and deliver, and have recorded, any
and all agreements, instruments, 

  
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documents and papers as the Administrative Agent may reasonably request to evidence the Administrative Agent’s and the Secured Parties’ security interest in such Intellectual Property
and the goodwill and general intangibles of such Grantor relating thereto or represented thereby; 
 (iii) pay or discharge
taxes and Liens (other than Permitted Liens) levied or placed on or threatened against the Collateral, effect any repairs or any insurance called for by the terms of this Agreement and pay all or any part of the premiums therefor and the costs
thereof; 
 (iv) execute, in connection with any sale provided for in Sections 6.6 or 6.7, any endorsements, assignments or
other instruments of conveyance or transfer with respect to the Collateral; and 
 (v) (1) upon three (3) Business
Days’ written notice to the applicable Grantor, direct any party liable for any payment under any of the Collateral (except in respect of any Receivable subject to Retained Rights) to make payment of any and all moneys due or to become due
thereunder directly to the Administrative Agent or as the Administrative Agent shall direct; (2) upon three (3) Business Days’ prior written notice to the applicable Grantor, ask or demand for, collect, and receive payment of and
receipt for, any and all moneys, claims and other amounts due or to become due at any time in respect of or arising out of any Collateral (except in respect of any Receivable subject to Retained Rights); (3) sign and endorse any invoices,
freight or express bills, bills of lading, storage or warehouse receipts, drafts against Grantors, assignments, verifications, notices and other documents in connection with any of the Collateral (except in respect of any Receivable subject to
Retained Rights); (4) commence and prosecute any suits, actions or proceedings at law or in equity in any court of competent jurisdiction to collect the Collateral (except in respect of any Receivable subject to Retained Rights) or any portion
thereof and to enforce any other right in respect of any Collateral (except in respect of any Receivable subject to Retained Rights); (5) defend any suit, action or proceeding brought against such Grantor with respect to any Collateral;
(6) settle, compromise or adjust any such suit, action or proceeding and, in connection therewith, give such discharges or releases as the Administrative Agent may deem appropriate; (7) assign any Copyright, Patent or Trademark (along with
the goodwill of the business to which any such Trademark pertains), throughout the world for such term or terms, on such conditions, and in such manner, as the Administrative Agent shall in its reasonable discretion determine; and
(8) generally, sell, transfer, pledge and make any agreement with respect to or otherwise deal with any of the Collateral (except in respect of any Receivable subject to Retained Rights) as fully and completely as though the Administrative
Agent were the absolute owner thereof for all purposes, and do, at the Administrative Agent’s option and such Grantor’s expense, at any time, or from time to time, all acts and things which the Administrative Agent deems necessary to
protect, preserve or realize upon the Collateral (except in respect of any Receivable subject to Retained Rights) and the Administrative Agent’s and the Secured Parties’ security interests therein and to effect the intent of this
Agreement, all as fully and effectively as such Grantor might do. 

  
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 Anything in this Section 7.1(a) to the contrary notwithstanding, the Administrative Agent
agrees that it will not exercise any rights under the power of attorney provided for in this Section 7.1(a) unless an Event of Default shall have occurred and be continuing and the Required Lenders have consented to or requested that the
Administrative Agent exercise such rights. 
 (b) If any Grantor fails to perform or comply with any of its agreements contained herein, the
Administrative Agent, at its option during the existence of an Event of Default, but without any obligation so to do, may perform or comply, or otherwise cause performance or compliance, with such agreement. 

(c) The reasonable, out-of-pocket expenses of the Administrative Agent incurred in connection with actions undertaken as provided in this
Section 7.1 shall be payable by such Grantor to the Administrative Agent in accordance with Section 10.5 of the Credit Agreement. 

(d) Each Grantor hereby ratifies all that said attorneys shall lawfully do or cause to be done by virtue hereof. All powers, authorizations
and agencies contained in this Agreement are coupled with an interest and are irrevocable until this Agreement is terminated and the security interests created hereby are released. 

7.2. Duty of Administrative Agent. The Administrative Agent’s sole duty with respect to the custody, safekeeping and physical
preservation of the Collateral in its possession, under Section 9-207 of the New York UCC or otherwise, shall be to deal with it in the same manner as the Administrative Agent deals with similar property for its own account. Neither the
Administrative Agent, any Secured Party nor any of their respective officers, directors, employees or agents shall be liable for failure to demand, collect or realize upon any of the Collateral or for any delay in doing so or shall be under any
obligation to sell or otherwise dispose of any Collateral upon the request of any Grantor or any other Person or to take any other action whatsoever with regard to the Collateral or any part thereof. The powers conferred on the Administrative Agent
and the other Secured Parties hereunder are solely to protect the Administrative Agent’s and the Secured Parties’ interests in the Collateral and shall not impose any duty upon the Administrative Agent or any other Secured Party to
exercise any such powers. The Administrative Agent and the other Secured Parties shall be accountable only for amounts that they actually receive as a result of the exercise of such powers, and neither they nor any of their officers, directors,
employees or agents shall be responsible to any Grantor for any act or failure to act hereunder, except for their own gross negligence, bad faith or willful misconduct or material breach of this Agreement or any other Loan Document. 

7.3. Execution of Financing Statements. Pursuant to the New York UCC and any other applicable law, each Grantor authorizes the
Administrative Agent to file or record financing statements and other filing or recording documents or instruments with respect to the Collateral without the signature of such Grantor in such form and in such offices as the Administrative Agent
determines appropriate to perfect the security interests of the Administrative Agent under this Agreement; provided, that Administrative Agent shall provide the applicable Grantor (or the Borrower) with a photocopy of any such filings. Each Grantor
authorizes the Administrative Agent to use the collateral description “all assets of the Debtor” (as the term Debtor is defined in such financing statement or words of similar effect). A photographic or other reproduction of this Agreement
shall be sufficient as a financing statement or other filing or recording document or instrument for filing or recording in any jurisdiction. 

  
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 7.4. Authority of Administrative Agent. Each Grantor acknowledges that the rights and
responsibilities of the Administrative Agent under this Agreement with respect to any action taken by the Administrative Agent or the exercise or non-exercise by the Administrative Agent of any option, voting right, request, judgment or other right
or remedy provided for herein or resulting or arising out of this Agreement shall, as between the Administrative Agent and the other Secured Parties, be governed by the Credit Agreement and by such other agreements with respect thereto as may exist
from time to time among them, but, as between the Administrative Agent and the Grantors, the Administrative Agent shall be conclusively presumed to be acting as agent for the Secured Parties with full and valid authority so to act or refrain from
acting, and no Grantor shall be under any obligation, or entitlement, to make any inquiry respecting such authority. 
 SECTION 8.
INDEMNITY, SUBROGATION AND SUBORDINATION. 
 8.1. Indemnity and Subrogation. In addition to all such rights of indemnity and
subrogation as the Guarantors may have under applicable law (but subject to Section 8.3), the Borrower agrees that (a) in the event a payment of an obligation shall be made by any Guarantor under this Agreement, the Borrower shall
indemnify such Guarantor for the full amount of such payment and such Guarantor shall be subrogated to the rights of the Person to whom such payment shall have been made to the extent of such payment and (b) in the event any assets of any
Grantor shall be sold pursuant to this Agreement or any other Security Document to satisfy in whole or in part an obligation owed to any Secured Party, the Borrower shall indemnify such Grantor in an amount equal to the greater of the book value or
the fair market value of the assets so sold. 
 8.2. Contribution and Subrogation. Each Guarantor and Grantor (a
“Contributing Party”) agrees (subject to Section 8.3) that, in the event a payment shall be made by any other Guarantor hereunder in respect of any Obligation or assets of any other Grantor shall be sold pursuant to any
Security Document to satisfy any Obligation owed to any Secured Party and such other Guarantor (the “Claiming Party”) shall not have been fully indemnified by the Borrower as provided in Section 8.1, the Contributing Party
shall indemnify the Claiming Party in an amount equal to the amount of such payment or the greater of the book value or the fair market value of such assets, as the case may be, in each case multiplied by a fraction of which the numerator shall be
the net worth of the Contributing Party on the Closing Date and the denominator shall be the aggregate net worth of all the Guarantors and Grantors on the Closing Date (or, in the case of any Guarantor or Grantor becoming a party hereto pursuant to
Section 9.14, the date of the supplement hereto executed and delivered by such Guarantor or Grantor). Any Contributing Party making any payment to a Claiming Party pursuant to this Section 8.2 shall be subrogated to the rights of such
Claiming Party under Section 8.1 to the extent of such payment. 
 8.3. Subordination. Notwithstanding any provision of this
Agreement to the contrary, all rights of the Guarantors and Grantors under Sections 8.1 and 8.2 and all other rights of indemnity, contribution or subrogation under applicable law or otherwise shall be fully

  
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subordinated to the payment in full of the Secured Obligations (other than contingent indemnification obligations under general indemnification provisions as to which no claim is pending). No
failure on the part of the Borrower or any Guarantor or Grantor to make the payments required by Sections 8.1 and 8.2 (or any other payments required under applicable law or otherwise) shall in any respect limit the obligations and liabilities of
any Guarantor or Grantor with respect to its obligations hereunder, and each Guarantor and Grantor shall remain liable for the full amount of the obligations of such Guarantor or Grantor hereunder. 

Each Guarantor and Grantor hereby agrees that all Indebtedness and other monetary obligations owed by it to any other Subsidiary that is not a
Grantor shall be subordinated to the payment in full of the Obligations (other than contingent obligations under general indemnification provisions as to which no claim is pending); provided, that any Guarantor or Grantor may repay such
Indebtedness at any time so long as no Event of Default pursuant to Sections 8(a) or (f) of the Credit Agreement has occurred and is continuing. 

SECTION 9. MISCELLANEOUS. 

9.1. Amendments in Writing. None of the terms or provisions of this Agreement may be waived, amended, supplemented or otherwise
modified except in accordance with Section 10.1 of the Credit Agreement. 
 9.2. Notices. All notices, requests and demands to
or upon the Administrative Agent or any Grantor hereunder shall be effected in the manner provided for in Section 10.2 of the Credit Agreement and shall be addressed to such Grantor, c/o the Borrower’s address set forth in the Credit
Agreement. 
 9.3. No Waiver by Course of Conduct; Cumulative Remedies. Neither the Administrative Agent nor any other Secured Party
shall by any act (except by a written instrument pursuant to Section 9.1), delay, indulgence, omission or otherwise be deemed to have waived any right or remedy hereunder or to have acquiesced in any Default or Event of Default. No failure to
exercise, nor any delay in exercising, on the part of the Administrative Agent or any other Secured Party, any right, power or privilege hereunder shall operate as a waiver thereof. No single or partial exercise of any right, power or privilege
hereunder shall preclude any other or further exercise thereof or the exercise of any other right, power or privilege. A waiver by the Administrative Agent or any Secured Party of any right or remedy hereunder on any one occasion shall not be
construed as a bar to any right or remedy which the Administrative Agent or such Secured Party would otherwise have on any future occasion. The rights and remedies herein provided are cumulative, may be exercised singly or concurrently and are not
exclusive of any other rights or remedies provided by law. 
 9.4. Enforcement Expenses; Indemnification. 

(a) Each Guarantor and Grantor agrees to pay or reimburse and indemnify each Lender, the Administrative Agent and the other Indemnitees to the
extent the Borrower would be required to do so under Section 10.5 of the Credit Agreement. 
 (b) The agreements in this
Section 9.4 shall survive repayment of each of the Borrower’s and the Guarantor’s Obligations and all other amounts payable under the Loan Documents. 

  
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 9.5. Successors and Assigns. This Agreement shall be binding upon the permitted successors
and assigns of each Grantor and shall inure to the benefit of the Administrative Agent and the Lenders and their permitted successors and assigns; provided that no Grantor may assign, transfer or delegate any of its rights or obligations
under this Agreement without the prior written consent of the Administrative Agent. 
 9.6. Set-Off. Each Grantor hereby irrevocably
authorizes the Administrative Agent and each Lender at any time and from time to time after the occurrence and during the continuance of an Event of Default, to exercise its right of set-off in accordance with Section 10.7 of the Credit
Agreement without prior notice to such Grantor, any such notice being expressly waived by such Grantor to the extent permitted by applicable law. 

9.7. Counterparts. This Agreement may be executed by one or more of the parties to this Agreement on any number of separate
counterparts (including by telecopy or .PDF), and all of said counterparts taken together shall be deemed to constitute one and the same instrument. 

9.8. Severability. Any provision of this Agreement which is prohibited or unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable
such provision in any other jurisdiction. 
 9.9. Section Headings. The Section headings used in this Agreement are for convenience
of reference only and are not to affect the construction hereof or be taken into consideration in the interpretation hereof. 
 9.10.
Integration. This Agreement and the other Loan Documents represent the agreement of the Grantors, the Administrative Agent and the other Secured Parties with respect to the subject matter hereof and thereof, and there are no promises,
undertakings, representations or warranties by the Administrative Agent or any other Secured Parties relative to subject matter hereof and thereof not expressly set forth or referred to herein or in the other Loan Documents. 

9.11. GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW
YORK. 
 9.12. Submission To Jurisdiction; Waivers. Each party hereto hereby irrevocably and unconditionally: 

(a) submits for itself and its property in any legal action or proceeding relating to this Agreement and the other Loan
Documents to which it is a party, or for recognition and enforcement of any judgment in respect thereof, to the exclusive general jurisdiction of the courts of the State of New York, the court of the United States of America for the Southern
District of New York, and appellate courts from any thereof; 

  
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 (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, at its address referred to in Section 9.2 or at such other address of which the Administrative Agent or the applicable Grantor (as the case may be) shall have been
notified pursuant thereto; 
 (d) agrees that nothing herein shall affect the right to effect service of process in any other
manner permitted by law or shall limit the right to sue in any other jurisdiction; and 
 (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 any special, exemplary, punitive or consequential damages. 

9.13. Acknowledgments. Each Grantor hereby acknowledges that: 

(a) it has been advised by counsel in the negotiation, execution and delivery of this Agreement and the other Loan Documents to
which it is a party; 
 (b) neither the Administrative Agent nor any other Secured Party has any fiduciary relationship with
or duty to any Grantor arising out of or in connection with this Agreement or any of the other Loan Documents, and the relationship between the Grantors, on the one hand, and the Administrative Agent and other Secured Parties, on the other hand, in
connection herewith or therewith is solely that of guarantor and lender; and 
 (c) no joint venture is created hereby or by
the other Loan Documents or otherwise exists by virtue of the transactions contemplated hereby among the Secured Parties or among the Grantors and the Secured Parties. 

9.14. Additional Grantors. Each Subsidiary of the Borrower that is required to become a party to this Agreement pursuant to
Section 6.9(c) of the Credit Agreement shall become a Guarantor and Grantor for all purposes of this Agreement upon execution and delivery by such Subsidiary of an Assumption Agreement in the form of Annex 1 hereto. 

9.15. Authorization to Release Guarantees and Liens. Notwithstanding anything to the contrary contained herein, the Administrative
Agent is hereby irrevocably authorized (without requirement of notice to or consent of any other Secured Party except as expressly required by Section 10.1 of the Credit Agreement) to take any action requested by the Grantors having the

  
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effect of releasing any Guarantor, Collateral or Secured Obligations to the extent necessary to permit consummation of any transaction not prohibited by any Loan Document or that has been
consented to in accordance with Section 10.1 of the Credit Agreement. 
 9.16. Termination or Release. 

(a) At such time as the Loans and the other Obligations (other than obligations under or in respect of Specified Swap Agreements, Cash
Management Obligations and contingent indemnification obligations for which no claim is pending), shall have been paid in full, the Commitments have been terminated and no Letters of Credit shall be outstanding (unless cash collateralized or subject
to other arrangements reasonably acceptable to the Issuing Bank and the Administrative Agent), the Collateral shall be automatically released from the Liens created hereby, and this Agreement and all obligations (other than those expressly stated to
survive such termination) of the Administrative Agent and each Grantor hereunder shall terminate, all without delivery of any instrument or performance of any act by any party, and all rights to the Collateral shall revert to the Grantors. 

(b) A Subsidiary Guarantor shall automatically be released from its obligations hereunder and the security interest in the Collateral of such
Subsidiary Guarantor shall be automatically released upon the consummation of any transaction permitted by the Credit Agreement as a result of which such Subsidiary Guarantor ceases to be a Subsidiary of the Borrower, ceases to be required to be a
Loan Party pursuant to the terms of the Loan Documents or is designated as an Unrestricted Subsidiary or becomes an Excluded Subsidiary in accordance with the Credit Agreement. The security interest in the Pledged Stock of any Subsidiary Guarantor
shall be automatically released if such Subsidiary Guarantor is designated an Unrestricted Subsidiary or becomes an Excluded Subsidiary in accordance with the Credit Agreement. 

(c) Holdings shall automatically be released from its obligations hereunder subject to and pursuant to the terms of Section 10.18 of the
Credit Agreement. 
 (d) Upon any sale or other transfer or disposal (including wind-up or dissolution) by any Grantor of any Collateral
that is permitted under the Credit Agreement (including, without limitation, any fundamental change permitted under Section 7.4 of the Credit Agreement or a Subsidiary becoming an Excluded Subsidiary), or upon the effectiveness of any written
consent to the release of the security interest granted hereby in any Collateral pursuant to Section 10.1 of the Credit Agreement, the security interest in such Collateral shall be automatically released from the Liens created hereby, all
without delivery of any instrument or performance of any act by any party. 
 (e) In connection with any termination or release pursuant to
paragraph (a), (b) or (c), the Administrative Agent shall execute and deliver to any Grantor, at such Grantor’s expense, all releases or other documents that such Grantor shall reasonably request to evidence such termination or release and
assign, transfer and deliver to such Grantor such of the Collateral as is then being (or has been) so sold or otherwise disposed of, or released, and as may be in the possession of the Administrative Agent and has not theretofore been released
pursuant to this Agreement. Any execution and delivery of documents pursuant to this Section 9.16 shall be without recourse to or warranty by the Administrative Agent. 

  
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 9.17. WAIVER OF JURY TRIAL. EACH GUARANTOR AND GRANTOR AND, BY THEIR ACCEPTANCE HEREOF,
THE ADMINISTRATIVE AGENT AND THE OTHER SECURED PARTIES, HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVE TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN. 

9.18. Subject to Intercreditor Agreement. Notwithstanding anything herein to the contrary, (i) the Liens and security interests
granted to the Administrative Agent pursuant to the Credit Agreement and this Agreement, as applicable, are expressly subject to any First lien Intercreditor Agreement, Second Lien Credit Agreement and any other intercreditor agreement entered into
pursuant to the Credit Agreement and (ii) the exercise of any right or remedy by the Administrative Agent hereunder or under the First Lien Intercreditor Agreement, the Second Lien Intercreditor Agreement and any other intercreditor agreement
entered into pursuant to the Credit Agreement is subject to the limitations and provisions of the First Lien Intercreditor Agreement, the Second Lien Intercreditor Agreement and such other intercreditor agreement entered into pursuant to the Credit
Agreement. In the event of any conflict between the terms of the First Lien Intercreditor Agreement, the Second Lien Intercreditor Agreement or any other such intercreditor and terms of this Agreement, the terms of the First Lien Intercreditor
Agreement, the Second Lien Intercreditor Agreement or such other intercreditor agreement, as applicable, shall govern. 

[Signature Page Follows] 

  
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 IN WITNESS WHEREOF, each of the undersigned has caused this Guarantee and Security Agreement to
be duly executed and delivered under seal as of the date first above written. 
  

					
		 	NMH HOLDINGS, LLC
			
		 	By:	 	 /s/ Denis M. Holler

		 	Name:	 	Denis M. Holler
		 	Title:	 	Chief Financial Officer and Treasurer
		
		 	NATIONAL MENTOR HOLDINGS, INC.
			
		 	By:	 	 /s/ Denis M. Holler

		 	Name:	 	Denis M. Holler
		 	Title:	 	Chief Financial Officer and Treasurer
		
		 	CALIFORNIA MENTOR FAMILY HOME AGENCY, LLC
		 	CAREMERIDIAN, LLC
		 	CENTER FOR COMPREHENSIVE SERVICES, INC.
		 	CORNERSTONE LIVING SKILLS, INC.
		 	FAMILY ADVOCACY SERVICES, LLC
		 	FIRST STEP INDEPENDENT LIVING PROGRAM, INC.
		 	HORRIGAN COLE ENTERPRISES, INC.
		 	ILLINOIS MENTOR, INC.
		 	ILLINOIS MENTOR COMMUNITY SERVICES, LLC
		 	INSTITUTE FOR FAMILY CENTERED SERVICES, INC.
		 	LOYD’S LIBERTY HOMES, INC.
		 	MASSACHUSETTS MENTOR, LLC
		 	MENTOR ABI, LLC
		 	MENTOR MANAGEMENT, INC.
		 	MENTOR MARYLAND, INC.
		 	NATIONAL MENTOR HEALTHCARE, LLC
		 	NATIONAL MENTOR HOLDINGS, LLC
		 	NATIONAL MENTOR SERVICES HOLDINGS, LLC
		 	NATIONAL MENTOR SERVICES, LLC
		 	NATIONAL MENTOR, LLC
		 	OHIO MENTOR, INC.
		 	PROGRESSIVE LIVING UNITS SYSTEMS-NEW JERSEY, INC.
		 	REM ARROWHEAD, INC.
		 	REM CENTRAL LAKES, INC.
		 	REM COMMUNITY OPTIONS, LLC
		 	REM CONNECTICUT COMMUNITY SERVICES, INC.
		 	REM DEVELOPMENTAL SERVICES, INC.
		 	REM EAST, LLC
		 	REM HEARTLAND, INC.
		 	REM HENNEPIN, INC.
		 	REM INDIANA COMMUNITY SERVICES, INC.
		 	REM INDIANA COMMUNITY SERVICES II, INC.

					
		 	REM INDIANA, INC.
		 	REM IOWA COMMUNITY SERVICES, INC.
		 	REM IOWA, INC.
		 	REM MANAGEMENT, INC.
		 	REM MARYLAND, INC.
		 	REM MINNESOTA COMMUNITY SERVICES, INC.
		 	REM MINNESOTA, INC.
		 	REM NEVADA, INC.
		 	REM NEW JERSEY, INC.
		 	REM NORTH DAKOTA, INC.
		 	REM NORTH STAR, INC.
		 	REM OCCAZIO, LLC
		 	REM OHIO, INC.
		 	REM OHIO WAIVERED SERVICES, INC.
		 	REM RAMSEY, INC.
		 	REM RIVER BLUFFS, INC.
		 	REM SOUTH CENTRAL SERVICES, INC.
		 	REM SOUTHWEST SERVICES, INC.
		 	REM WEST VIRGINIA, LLC
		 	REM WISCONSIN, INC.
		 	REM WISCONSIN II, INC.
		 	REM WISCONSIN III, INC.
		 	REM WOODVALE, INC.
		 	SOUTH CAROLINA MENTOR, INC.
		 	TRANSITIONAL SERVICES, LLC
		 	UNLIMITED QUEST, INC.
			
		 	By:	 	 /s/ Denis M. Holler

		 	Name:	 	Denis M. Holler
		 	Title:	 	Chief Financial Officer and Treasurer
		
		 	 CAREMEDIAN, LLC

		 	CENTER FOR COMPREHENSIVE SERVICES, INC.
		 	MENTOR ABI, LLC
		 	PROGRESSIVE LIVING UNITS SYSTEMS—NEW JERSEY, INC.
			
		 	By:	 	 /s/ Denis M. Holler

		 	Name:	 	Denis M. Holler
		 	Title:	 	Treasurer

 
			
	 BARCLAYS BANK PLC, as
Administrative Agent

		
	By:	 	 /s/ Vanessa A. Kurbatskiy

		 	Name: Vanessa A. Kurbatskiy
		 	Title: Vice President

 Schedule A - Investment Property 

 

											
	 Issuer
	  	Class of Stock	  	Certificate
Number	  	Shares/
Interest	 	 	 Owner

	 California Mentor Family Home Agency, LLC
	  	Membership	  	n/a	  	 	100	% 	 	National Mentor Services, LLC
	 CareMeridian, LLC
	  	Membership	  	n/a	  	 	100	% 	 	National Mentor Healthcare, LLC
	 Center for Comprehensive Services, Inc.
	  	Common	  	11	  	 	60	  	 	Mentor ABI, LLC
	 Cornerstone Living Skills, Inc.
	  	Common	  	1	  	 	500	  	 	National Mentor Healthcare, LLC
	 Family Advocacy Services, LLC
	  	Membership	  	n/a	  	 	100	% 	 	National Mentor Services, LLC
	 First Step Independent Living Program, Inc.
	  	Common	  	9	  	 	1,000	  	 	National Mentor, LLC
	 Horrigan Cole Enterprises, Inc.
	  	Common	  	19	  	 	1,000	  	 	National Mentor, LLC
	 Illinois Mentor, Inc.
	  	Common	  	5	  	 	100	  	 	National Mentor, LLC
	 Illinois Mentor Community Services, LLC
	  	Membership	  	n/a	  	 	100	% 	 	National Mentor Services, LLC
	 Institute for Family Centered Services, Inc.
	  	Common	  	3	  	 	5,000	  	 	National Mentor Healthcare, LLC
	 Loyd’s Liberty Homes, Inc.
	  	Common	  	5	  	 	1,000	  	 	National Mentor Healthcare, LLC
	 Massachusetts Mentor, LLC
	  	Membership	  	n/a	  	 	100	% 	 	National Mentor, LLC
	 Mentor ABI, LLC
	  	Membership	  	n/a	  	 	100	% 	 	National Mentor, LLC
	 Mentor Management, Inc.
	  	Common	  	3	  	 	100	  	 	National Mentor, LLC
	 Mentor Maryland, Inc.
	  	Common	  	2	  	 	100	  	 	National Mentor Healthcare, LLC
	 National Mentor Healthcare, LLC
	  	Membership	  	n/a	  	 	100	% 	 	National Mentor, LLC
	 National Mentor Holdings, Inc.
	  	Common	  	C-69	  	 	100	  	 	NMH Holdings, LLC
	 National Mentor Holdings, LLC
	  	Membership	  	n/a	  	 	100	% 	 	National Mentor Holdings, Inc.
	 National Mentor Services Holdings, LLC
	  	Membership	  	n/a	  	 	100	% 	 	National Mentor, LLC
	 National Mentor Services, LLC
	  	Membership	  	n/a	  	 	100	% 	 	National Mentor Services Holdings, LLC
	 National Mentor, LLC
	  	Membership	  	n/a	  	 	100	% 	 	National Mentor Holdings, LLC
	 Ohio Mentor, Inc.
	  	Common	  	4	  	 	1,000	  	 	National Mentor, LLC
	 Progressive Living Units Systems-New Jersey, Inc.
	  	Common	  	7	  	 	100	  	 	Mentor ABI, LLC

  
 1 

											
	 Issuer
	  	Class of Stock	  	Certificate
Number	  	Shares/
Interest	 	 	 Owner

	 REM Arrowhead, Inc.
	  	Common	  	12	  	 	100	  	 	National Mentor Services, LLC
	 REM Central Lakes, Inc.
	  	Common	  	18	  	 	9,998	  	 	National Mentor Services, LLC
	 REM Community Options, LLC
	  	Membership	  	n/a	  	 	100	% 	 	National Mentor Services, LLC
	 REM Connecticut Community Services, Inc.
	  	Common	  	12	  	 	100	  	 	National Mentor Services, LLC
	 REM Developmental Services, Inc.
	  	Common	  	12	  	 	100	  	 	National Mentor Services, LLC
	 REM East, LLC
	  	Membership	  	n/a	  	 	100	% 	 	National Mentor Services, LLC
	 REM Heartland, Inc.
	  	Common	  	18	  	 	1,500	  	 	National Mentor Services, LLC
	 REM Hennepin, Inc.
	  	Common	  	11	  	 	9,998	  	 	National Mentor Services, LLC
	 REM Indiana Community Services, Inc.
	  	Common	  	4	  	 	100	  	 	National Mentor Services, LLC
	 REM Indiana Community Services II, Inc.
	  	Common	  	15	  	 	100	  	 	National Mentor Services, LLC
	 REM Indiana, Inc.
	  	Common	  	9	  	 	10,000	  	 	National Mentor Services, LLC
	 REM Iowa Community Services, Inc.
	  	Common	  	21	  	 	100	  	 	National Mentor Services, LLC
	 REM Iowa, Inc.
	  	Common	  	6	  	 	102	  	 	National Mentor Services, LLC
	 REM Management, Inc.
	  	Common	  	4	  	 	100	  	 	National Mentor Services, LLC
	 REM Maryland, Inc.
	  	Common	  	12	  	 	100	  	 	National Mentor Services, LLC
	 REM Minnesota Community Services, Inc.
	  	Common	  	12	  	 	100	  	 	National Mentor Services, LLC
	 REM Minnesota, Inc.
	  	Common	  	15	  	 	100	  	 	National Mentor Services, LLC
	 REM Nevada, Inc.
	  	Common	  	12	  	 	100	  	 	National Mentor Services, LLC
	 REM New Jersey, Inc.
	  	Common	  	14	  	 	100	  	 	National Mentor Services, LLC
	 REM North Dakota, Inc.
	  	Common	  	4	  	 	100	  	 	National Mentor Services, LLC
	 REM North Star, Inc.
	  	Common	  	29	  	 	9,995	  	 	National Mentor Services, LLC

  
 2 

											
	 Issuer
	  	Class of Stock	  	Certificate
Number	  	Shares/
Interest	 	 	 Owner

	 REM Occazio, LLC
	  	Membership	  	n/a	  	 	100	% 	 	National Mentor Services, LLC
	 REM Ohio, Inc.
	  	Common	  	6	  	 	100	  	 	National Mentor Services, LLC
	 REM Ohio Waivered Services, Inc.
	  	Common	  	8	  	 	10,001	  	 	National Mentor Services, LLC
	 REM Ramsey, Inc.
	  	Common	  	16	  	 	100	  	 	National Mentor Services, LLC
	 REM River Bluffs, Inc.
	  	Common	  	12	  	 	10,000	  	 	National Mentor Services, LLC
	 REM South Central Services, Inc.
	  	Common	  	9	  	 	100	  	 	National Mentor Services, LLC
	 REM Southwest Services, Inc.
	  	Common	  	15	  	 	9,998	  	 	National Mentor Services, LLC
	 REM West Virginia, LLC
	  	Membership	  	n/a	  	 	100	% 	 	National Mentor Services, LLC
	 REM Wisconsin, Inc.
	  	Common	  	4	  	 	102	  	 	National Mentor Services, LLC
	 REM Wisconsin II, Inc.
	  	Common	  	4	  	 	100	  	 	National Mentor Services, LLC
	 REM Wisconsin III, Inc.
	  	Common	  	12	  	 	100	  	 	National Mentor Services, LLC
	 REM Woodvale, Inc.
	  	Common	  	14	  	 	1,500	  	 	National Mentor Services, LLC
	 South Carolina Mentor, Inc.
	  	Common	  	5	  	 	1,000	  	 	National Mentor, LLC
	 Transitional Services, LLC
	  	Membership	  	n/a	  	 	100	% 	 	National Mentor Healthcare, LLC
	 Unlimited Quest, Inc.
	  	Common	  	6	  	 	100	  	 	National Mentor Healthcare, LLC

 US$118,430,174.94 Amended and Restated Intercompany Note dated January 31, 2014 by National Mentor Holdings LLC as Payor
to the order of National Mentor Holdings, Inc. as Payee, as amended, restated, refinanced, replaced or otherwise modified from time to time. 

US$220,411,714.48 Amended and Restated Intercompany Note dated January 31, 2014 by National Mentor Holdings LLC as Payor to the order of National Mentor
Holdings, Inc. as Payee, as amended, restated, refinanced, replaced or otherwise modified from time to time. 

  
 3 

 Schedule B - Perfection Information 

UCC filings in the following jurisdictions: 
  

			
	 Entity Name
	  	 State of Filing

	California Mentor Family Home Agency, LLC	  	Delaware
	CareMeridian, LLC	  	Delaware
	Center for Comprehensive Services, Inc.	  	Illinois
	Cornerstone Living Skills, Inc.	  	California
	Family Advocacy Services, LLC	  	Delaware
	First Step Independent Living Program, Inc.	  	California
	Horrigan Cole Enterprises, Inc.	  	California
	Illinois Mentor, Inc.	  	Illinois
	Illinois Mentor Community Services, LLC	  	Delaware
	Institute for Family Centered Services, Inc.	  	Virginia
	Loyd’s Liberty Homes, Inc.	  	California
	Massachusetts Mentor, LLC	  	Delaware
	Mentor ABI, LLC	  	Delaware
	Mentor Management, Inc.	  	Delaware
	Mentor Maryland, Inc.	  	Maryland
	National Mentor Healthcare, LLC	  	Delaware
	National Mentor Holdings, Inc.	  	Delaware
	National Mentor Holdings, LLC	  	Delaware
	National Mentor Services Holdings, LLC	  	Delaware
	National Mentor Services, LLC	  	Delaware
	National Mentor, LLC	  	Delaware
	NMH Holdings, LLC	  	Delaware
	Ohio Mentor, Inc.	  	Ohio
	Progressive Living Units Systems-New Jersey, Inc.	  	New Jersey
	REM Arrowhead, Inc.	  	Minnesota
	REM Central Lakes, Inc.	  	Minnesota
	REM Community Options, LLC	  	West Virginia
	REM Connecticut Community Services, Inc.	  	Connecticut
	REM East, LLC	  	Delaware
	REM Developmental Services, Inc.	  	Iowa
	REM Heartland, Inc.	  	Minnesota
	REM Hennepin, Inc.	  	Minnesota
	REM Indiana Community Services, Inc.	  	Indiana
	REM Indiana Community Services II, Inc.	  	Indiana
	REM Indiana, Inc.	  	Indiana
	REM Iowa Community Services, Inc.	  	Iowa

  
 4 

			
	REM Iowa, Inc.	  	Iowa
	REM Management, Inc.	  	Minnesota
	REM Maryland, Inc.	  	Maryland
	REM Minnesota Community Services, Inc.	  	Minnesota
	REM Minnesota, Inc.	  	Minnesota
	REM Nevada, Inc.	  	Nevada
	REM New Jersey, Inc.	  	New Jersey
	REM North Dakota, Inc.	  	North Dakota
	REM North Star, Inc.	  	Minnesota
	REM Occazio, LLC	  	Indiana
	REM Ohio, Inc.	  	Ohio
	REM Ohio Waivered Services, Inc.	  	Ohio
	REM Ramsey, Inc.	  	Minnesota
	REM River Bluffs, Inc.	  	Minnesota
	REM South Central Services, Inc.	  	Minnesota
	REM Southwest Services, Inc.	  	Minnesota
	REM West Virginia, LLC	  	West Virginia
	REM Wisconsin, Inc.	  	Wisconsin
	REM Wisconsin II, Inc.	  	Wisconsin
	REM Wisconsin III, Inc.	  	Wisconsin
	REM Woodvale, Inc.	  	Minnesota
	South Carolina Mentor, Inc.	  	South Carolina
	Transitional Services, LLC	  	Indiana
	Unlimited Quest, Inc.	  	California

  
 5 

 Schedule C - Jurisdictions of Organization 

and Chief Executive Office 
 Chief
Executive Office for all Grantors: 
 313 Congress Street, 5th Floor, Boston, 

Suffolk, Massachusetts 02210 
  

					
	 Entity Name
	  	Fed ID #	  	 Jurisdiction of
Organization

			
	 California Mentor Family Home Agency, LLC
	  	27-3621325	  	Delaware
	 CareMeridian, LLC
	  	26-3221201	  	Delaware
	 Center for Comprehensive Services, Inc.
	  	37-1036318	  	Illinois
	 Cornerstone Living Skills, Inc.
	  	68-0286512	  	California
	 Family Advocacy Services, LLC
	  	03-0490299	  	Delaware
	 First Step Independent Living Program, Inc.
	  	95-3574845	  	California
	 Horrigan Cole Enterprises, Inc.
	  	33-0152162	  	California
	 Illinois Mentor, Inc.
	  	36-3643670	  	Illinois
	 Illinois Mentor Community Services, LLC
	  	46-1224998	  	Delaware
	 Institute for Family Centered Services, Inc.
	  	54-1503721	  	Virginia
	 Loyd’s Liberty Homes, Inc.
	  	77-0282781	  	California
	 Massachusetts Mentor, LLC
	  	04-2799071	  	Delaware
	 Mentor ABI, LLC
	  	27-0428422	  	Delaware
	 Mentor Management, Inc.
	  	80-0061183	  	Delaware
	 Mentor Maryland, Inc.
	  	01-0739432	  	Maryland
	 National Mentor Healthcare, LLC
	  	04-2893910	  	Delaware
	 National Mentor Holdings, Inc.
	  	31-1757086	  	Delaware
	 National Mentor Holdings, LLC
	  	04-3250732	  	Delaware
	 National Mentor Services Holdings, LLC
	  	80-0061181	  	Delaware
	 National Mentor Services, LLC
	  	03-0490296	  	Delaware
	 National Mentor, LLC
	  	03-0490294	  	Delaware
	 NMH Holdings, LLC
	  	87-0771672	  	Delaware
	 Ohio Mentor, Inc.
	  	31-1098345	  	Ohio

  
 6 

					
	 Entity Name
	  	Fed ID #	  	 Jurisdiction of
Organization

			
	 Progressive Living Units Systems-New Jersey, Inc.
	  	22-311220	  	New Jersey
	 REM Arrowhead, Inc.
	  	41-1910302	  	Minnesota
	 REM Central Lakes, Inc.
	  	41-1424026	  	Minnesota
	 REM Community Options, LLC
	  	41-1756072	  	West Virginia
	 REM Connecticut Community Services, Inc.
	  	41-1895229	  	Connecticut
	 REM Developmental Services, Inc.
	  	41-1936672	  	Iowa
	 REM East, LLC
	  	45-5094775	  	Delaware
	 REM Heartland, Inc.
	  	41-1245622	  	Minnesota
	 REM Hennepin, Inc.
	  	41-1509580	  	Minnesota
	 REM Indiana Community Services, Inc.
	  	94-3114223	  	Indiana
	 REM Indiana Community Services II, Inc.
	  	41-1787921	  	Indiana
	 REM Indiana, Inc.
	  	41-1532587	  	Indiana
	 REM Iowa Community Services, Inc.
	  	22-2929097	  	Iowa
	 REM Iowa, Inc.
	  	41-1499229	  	Iowa
	 REM Management, Inc.
	  	41-1691043	  	Minnesota
	 REM Maryland, Inc.
	  	41-1888678	  	Maryland
	 REM Minnesota Community Services, Inc.
	  	41-1880610	  	Minnesota
	 REM Minnesota, Inc.
	  	41-1726312	  	Minnesota
	 REM Nevada, Inc.
	  	41-1886461	  	Nevada
	 REM New Jersey, Inc.
	  	41-1834352	  	New Jersey
	 REM North Dakota, Inc.
	  	41-1434382	  	North Dakota
	 REM North Star, Inc.
	  	41-1892341	  	Minnesota
	 REM Occazio, LLC
	  	46-4249547	  	Indiana
	 REM Ohio, Inc.
	  	41-1578484	  	Ohio
	 REM Ohio Waivered Services, Inc.
	  	41-1703065	  	Ohio
	 REM Ramsey, Inc.
	  	41-1583903	  	Minnesota
	 REM River Bluffs, Inc.
	  	41-1655668	  	Minnesota
	 REM South Central Services, Inc.
	  	41-1509578	  	Minnesota
	 REM Southwest Services, Inc.
	  	41-1379478	  	Minnesota

  
 7 

					
	 Entity Name
	  	Fed ID #	  	 Jurisdiction of
Organization

			
	 REM West Virginia, LLC
	  	41-1578482	  	West Virginia
	 REM Wisconsin, Inc.
	  	41-1532591	  	Wisconsin
	 REM Wisconsin II, Inc.
	  	41-1784261	  	Wisconsin
	 REM Wisconsin III, Inc.
	  	41-1861498	  	Wisconsin
	 REM Woodvale, Inc.
	  	41-1791260	  	Minnesota
	 South Carolina Mentor, Inc.
	  	57-0782160	  	South Carolina
	 Transitional Services, LLC
	  	26-1479663	  	Indiana
	 Unlimited Quest, Inc.
	  	33-0067902	  	California

  
 8 

 Schedule D - Intellectual Property 

Trademarks 

TRADEMARKS 

U.S. Trademark Registrations 
  

									
	 Mark
	  	 Int’l Class/Goods and
Services
	  	 Application Ser. No./

Filing Date
	  	 Reg. No. /
Date
	  	 Owner

	 CAREMERIDIAN
	  	42	  	 75446234

3/6/1998
	  	 2260732

7/13/1999
	  	Care Meridian, LLC
	 NEURORESTORATIVE
	  	44	  	 78682745

8/1/2005
	  	 3148131

9/26/2006
	  	Mentor ABI, LLC
	 MENTOR
	  	42	  	 73541641

6/6/1985
	  	 1376444

12/17/1985
	  	 National Mentor

Holdings, Inc.

	 THE MENTOR NETWORK
	  	42	  	 75478446

5/4/1998
	  	 2446728

4/24/2001
	  	 National Mentor

Holdings, Inc.

	 THE MENTOR NETWORK
	  	35, 41, 43, 44, 45	  	 77779875

7/13/2009
	  	 4033090

10/4/2011
	  	 National Mentor

Holdings, Inc.

 U.S Trademark Applications 
  

							
	 Mark
	  	 Int’l Class/Goods
and Services
	  	 Application
Ser. No./

Filing Date
	  	 Owner

	 The Mentor Network (Design)
	  	41,43,44,45	  	 86040924

8/16/2013
	  	National Mentor Holdings, Inc.
	 Family Vistas
	  	41,44	  	 86102049

10/25/2013
	  	National Mentor Holdings, Inc.

  
 9 

 Copyrights 

U.S. COPYRIGHTS 
  

					
	 COPYRIGHT
	  	 REG.
NO./DATE
	  	 OWNER

	 THE D.A.R.O. CHARTING SYSTEM: A SELF-PACED ORIENTATION TEXT PREPARED BY JOANN MAKO
	  	 TX1278776

2/3/1984
	  	REM Management, Inc.
	 A RATIONAL APPROACH TO COUNSELING MENTALLY RETARDED PERSONS BY BILL M. WOOTEN
	  	 TX1147077

4/27/1983
	  	REM Management, Inc.
	 THE VULNERABLE ADULTS REPORTING ACT WRITTEN PRODUCED AND DIRECTED BY KRISTIAN BERG
	  	 PA286564

3/31/1986
	  	REM Management, Inc.
	 RESIDENT RIGHTS PRODUCED IN COOPERATION WITH ARC (VIDEO)
	  	 PA2865551

2/19/1986
	  	REM Management, Inc.
	 PHYSICAL INTERVENTION ALTERNATIVES - REVIEW DEMONSTRATIONS
/PRODUCTION/DIRECTION
	  	 PA234418

10/26/1984
	  	REM Management, Inc.
	 IFCS - THE FAMILY LIFE CYCLE (FLC)
	  	 TXu1650515

09/17/2009
	  	Institute for Family Centered Services, Inc.
	 INSTITUTE FOR FAMILY CENTERED SERVICES REGIONAL DIRECTOR MANUAL
	  	 TXu1634815

05/07/2009
	  	Institute for Family Centered Services, Inc.
	 INSTITUTE FOR FAMILY CENTERED SERVICES ADMINISTRATIVE TRAINING BULLETINS
	  	 TXu1634813

05/07/2009
	  	Institute for Family Centered Services, Inc.
	 INSTITUTE FOR FAMILY CENTERED SERVICES POLICY AND PROCEDURES MANUAL
	  	 TXu1583377

08/10/2008
	  	Institute for Family Centered Services, Inc.
	 PROVIDE RESIDENTIAL SERVICES FOR CHILDREN WHO ARE EMOTIONALLY AND/OR BEHAVIORALLY DISTURBED
	  	 TX4325365

06/11/1996
	  	South Carolina Mentor, Inc.
	 BRAIN AND BEHAVIOR RELATIONSHIPS
	  	 PAU3125175

5/16/07
	  	Center for Comprehensive Services, Inc.

  
 10 

 Schedule E - Commercial Tort Claims 

None. 

  
 11exhibit_10-2.htm

EXHIBIT 10.2

SECURED PROMISSORY NOTE

Single Advance - Non-Revolving

 

 

	
$105,000.00 

	
March 19, 2014

 

 

FOR VALUE RECEIVED, TransTech Systems, Inc., a(n) Oregon corporation ("Borrower"), promises to pay to BFI BUSINESS FINANCE, a California corporation ("Lender"), or order, at Lender's place of business at 851 East Hamilton Avenue, 2nd Floor, Campbell, California 95008, or at such other place as may be designated in writing to Borrower by the holder of this Secured Promissory Note (this "Note"), the principal sum of One Hundred Five Thousand and 00/100 Dollars ($105,000.00) or so much of said amount as shall have been advanced hereunder (as such amount shall change from time to time the “Loan Amount”), which shall be subject to and disbursed under the additional terms and conditions of that certain Loan and Security Agreement dated December 9, 2008 (as amended the “Loan Agreement”), together with interest from the date of the Advance (as defined below) on the unpaid principal balance at a rate (the "Rate") of Two and One-half percentage point(s) (2.50%) per annum over and above the rate announced as the “prime” rate in the Western Edition of the Wall Street Journal which is in effect from time to time (the “Prime Rate”); provided that the Prime Rate shall at all times be deemed to be not less than Four and One-half percent (4.50%) per annum (the “Deemed Prime Rate”).  In the event that the Prime Rate is changed, the adjustment in the interest rate charged shall be made on the day such change occurs.  The Prime Rate is a rate used by certain financial institutions as one of their index rates and serves as a basis upon which effective rates of interest are calculated for loans making reference thereto and may not be the lowest of such financial institutions’ index rates.  Upon the occurrence of a default or an event of default under this Note, the rate of interest on the Note shall be increased at the option of Lender to an additional three percent (3.00%) in excess of the then applicable interest rate.  Interest shall be computed on the basis of a 360-day year and shall be charged to Borrower’s Revolving Line (as defined below) on the first day of the following month, and, if not so paid, it shall thereafter bear like interest as the principal.

 

1.           The amount to be advanced under this Note shall be made in a single advance (the “Advance”) in the amount of $105,000.00.

 

2.           Lender may, at its option, charge Borrower's Revolving Line for the principal, interest, and fees hereunder, which are due and payable on the dates and in the manner that follows:

 

(a)           Interest payments will be due and payable in arrears commencing on the first day of the first month following disbursement of the Advance and continuing on the first day of each month thereafter while amounts hereunder are due and owing;

 

(b)           Principal payments will be due and payable as follows:

 

o            Per the following schedule:       ----------n/a----------

 

x           monthly in three (3) consecutive payments each in the amount of Thirty-Five Thousand and 00/100 Dollars ($35,000.00), beginning April 5, 2014, but in any event, all obligations owing under this Note shall be paid in full on or before the Maturity Date.

 

o            one (1) payment of ----------n/a---------- Dollars ($----------n/a----------) due on the Maturity Date.

 

(c)           A loan fee in the amount of Three Hundred and 00/100 Dollars ($300.00), (the “Loan Fee”) shall be charged at the time of the execution hereof and based on the then outstanding Loan Amount ----------n/a---------- thereafter;

 

(d)           An administrative fee of twenty hundredths of one percent (0.20%) per month of the daily outstanding balance of the Loan Amount during the preceding month, (the “Administrative Fee”) shall be charged on the first day of each month following disbursement of the Advance and monthly thereafter while amounts hereunder are due and owing;

 

 

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(e)           An appraisal fee of --------n/a-------- 00/100 Dollars ($--------n/a--------) (the “Appraisal Fee”) shall be charged for each appraisal of the Collateral performed by Lender or its agents;

 

(f)           On the first day of each month, Lender will transfer all loan payments due under this Note, including principal payments and all accrued interest and Administrative Fees, to the accounts receivable line of credit (the “Revolving Line”) extended to Borrower pursuant to the Loan Agreement and all of the riders and amendments thereto;

 

(g)           Borrower shall pay all fees and legal and other costs incurred by Lender in connection with the negotiation and preparation of this Note and the documents executed in connection herewith and the perfection of any security interest in any collateral granted by Borrower or any third party to Lender in connection with this Note, including but not limited to attorneys’ fees and legal and other costs, which Lender shall charge to Borrower’s Revolving Line;

 

(h)           On June 12, 2014 (the “Maturity Date”), the entire principal balance hereof, together with any and all unpaid and/or accrued interest, loan fees, monthly Administrative Fees, and attorneys’ fees and legal and other costs due hereunder, shall be paid in full;

 

(i)           Interest not paid when due shall bear interest at the same rate as principal.  All payments hereunder are to be applied first to the payment of accrued interest and the balance remaining applied to the payment of principal.  All principal and interest due hereunder is payable in lawful money of the United States of America; and

 

(j)           In no event shall the interest rate or rates payable under this Note, plus any other amounts paid in connection herewith, exceed the highest rate permissible under any law that a court of competent jurisdiction shall, in a final determination, deem applicable.  Borrower and Lender intend legally to agree upon the rate or rates of interest (and the other amounts paid in connection herewith) and manner of payment stated within this Note; provided, however, that anything contained herein to the contrary notwithstanding, if said interest rate or rates of interest (or other amounts paid in connection herewith) or the manner of payment exceeds the maximum allowable under applicable law, then, ipso facto as of the date of this Note, Borrower is and shall be liable only for the payment of such maximum as allowed by law, and payment received from Borrower in excess of such legal maximum, whenever received, shall be applied to reduce the principal balance of this Note to the extent of such excess.

 

3.           Voluntary prepayments of the principal balance of this Note shall be permitted at any time.  Also, a prepayment may be deemed to have occurred regardless of whether such payment or other reduction (i) is voluntary or involuntary; (ii) is occasioned by Lender’s acceleration of the obligations hereunder or a demand hereunder; (iii) is made by Borrower or other third party, including a guarantor of Borrower’s obligations hereunder; (iv) results from Lender’s receipt or collection of proceeds of its collateral, including insurance proceeds and condemnation awards; (v) results from Lender’s exercise of its right of setoff; and/or (vi) is made during an insolvency proceeding, or is made pursuant to any plan of reorganization or liquidation.  Any such voluntary or involuntary prepayment shall be accompanied by all interest and any Administrative Fees that have accrued and remain unpaid with respect to the amount of principal being repaid and a prepayment fee equal to the following:

 

(a)           ----------n/a---------- percent (----------n/a----------%) of the amount prepaid with respect to any prepayments made during the first 12 months of the term of this Note; and

 

(b)           ----------n/a---------- percent (----------n/a----------%) of the amount prepaid with respect to any prepayments made thereafter.

 

Amounts repaid or prepaid with respect to this Note may not be reborrowed.  Partial prepayments of principal shall be applied to scheduled payments of principal in the inverse order of their maturity.

 

 

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4.           If any installment of principal, interest, or Administrative Fee hereunder is not paid when due, the holder shall have the following rights in addition to the rights set forth herein, in the Loan Agreement, and under law:

 

(a)           the right to compound interest and the Administrative Fee by adding the unpaid interest and/or Administrative Fee to principal, with such principal amount thereafter bearing interest and the Administrative Fee at the rates provided in this Note; and

 

(b)           if any installment is more than ten (10) days past due, the right to collect a charge equal to the greater of Fifteen Dollars ($15.00) or five percent (5%) of the late payment for each month in which it is late.  This charge is a result of a reasonable endeavor by Borrower and the holder to estimate the holder’s added legal and other costs and damages resulting from Borrower’s failure to make timely payments under this Note; hence Borrower agrees that the charge shall be presumed to be the amount of damage sustained by the holder since it is extremely difficult to determine the actual amount necessary to reimburse the holder for damages.

 

5.           Borrower expressly waives presentment, demand, protest, notice of dishonor, notice of default, notice of non-payment, notice of maturity, notice of protest, presentment for the purpose of accelerating maturity, diligence in collection, the benefit of any exemption under the homestead exemption laws, and all other notices and demands in connection with the delivery, acceptance, performance, or enforcement of this Note.  Borrower agrees that Lender may release, surrender, exchange, or substitute any collateral now held or which may hereafter be held as security for the payment of this Note, and may extend the time for payment or otherwise modify the terms of payment of any part or the whole of the debt evidenced hereby.  Borrower irrevocably waives the right to direct the application of all payments at any time hereafter received by Lender on behalf of Borrower, and Borrower agrees that Lender shall have the continuing exclusive right to apply any such payments against the then due and owing obligations of Borrower to Lender as Lender may deem advisable.

 

6.           It is expressly agreed that if a default or breach occurs in the payment of any principal, interest, or other fee as provided above, or in the payment or performance of any other of Borrower's Obligations (as that term is defined in the Loan Agreement), at Lender’s option, the unpaid principal balance of this Note, together with interest accrued thereon, and other fees as provided above shall forthwith be due and payable.  Notwithstanding anything to the contrary in this Note, in the event the Revolving Line is paid in full, all amounts due under this Note shall also be due, owing, and payable.

 

7.           This Note is made subject to the terms and conditions of and is secured by security interests granted by Borrower in favor of Lender, and all covenants, conditions, and agreements contained in the Loan Agreement and the ----------n/a----------, all of which are hereby incorporated and made a part hereof.  All capitalized terms used herein, unless otherwise defined herein, shall have the meanings ascribed to them in the Loan Agreement.

 

8.           Borrower hereby consents to any and all renewals, replacements, and/or extensions of time for payment of this Note before, at, or after maturity.  This Note shall be binding upon all legal representatives, successors, and assigns of Borrower.  However, Borrower may not assign this Note or any rights hereunder without Lender’s prior written consent.  Neither an unconsented assignment nor an assignment consented to by Lender shall release Borrower or any guarantor of any Obligation or indebtedness hereunder.  Lender reserves the right to sell, assign, transfer, negotiate, or grant participations in all or any part of, or any interest in, Lender’s rights and benefits under each of the documents executed herewith or hereafter.  In connection therewith, Lender may disclose all documents and information which Lender now has or may hereafter acquire relating to any credit extended by Lender to Borrower, or about Borrower or its business, any guarantor or the business of any guarantor, or any Collateral required hereunder.  Any waiver of any rights under this Note, the Loan Agreement, or under any other agreement, instrument, or paper signed by Borrower is neither valid nor effective unless made in writing and signed by Lender.  No delay or omission on the part of the Lender in exercising any right shall operate as a waiver thereof or of any other right.

 

9.           Borrower promises to pay all legal and other costs and expenses of collection of this Note and to pay all reasonable attorneys' fees incurred in such collection or in any suit or action to collect this Note or any appeal thereof.  Borrower and Lender agree that this Note is entered in to and Borrower’s performance to Lender occurs at Campbell, California.  This Note shall be governed by, construed under, and enforced in accordance with the laws of the State of California.

 

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10.           Any collateral pledged to secure any obligation of Borrower shall also secure any other obligation of Borrower except that any real property pledged to secure any obligation of Borrower shall only secure any other obligation of Borrower if Lender specifically so agrees in writing.

 

11.           An Event of Default under this Note, the Loan Agreement, or any other agreement referenced in Section 7 above shall be an Event of Default under each of such loan documents, and vice versa.

 

12.           In the event any one or more of the provisions contained in this Note is held to be invalid, illegal or unenforceable in any respect, then such provision shall be ineffective only to the extent of such prohibition or invalidity, and the validity, legality, and enforceability of the remaining provisions contained herein shall not in any way be affected or impaired thereby.

 

13.           This Note, or a signature page thereto intended to be attached to a copy of this Note, signed and transmitted by facsimile machine, telecopier, or other electronic means (including via transmittal of a “pdf” file) shall be deemed and treated as an original document.  The signature of any person thereon, for purposes hereof, is to be considered as an original signature, and the document transmitted is to be considered to have the same binding effect as an original signature on an original document.  At the request of any party hereto, any facsimile, telecopy or other electronic document is to be re-executed in original form by the persons who executed the facsimile, telecopy of other electronic document.  No party hereto may raise the use of a facsimile machine, telecopier, or other electronic means or the fact that any signature was transmitted through the use of a facsimile machine, telecopier, or other electronic means as a defense to the enforcement of this Note.

 

14.           This is an integrated Note and supersedes all prior agreements or negotiations regarding the subject matter hereof.  This Note may only be amended in writing.  This Note amends and restates that certain Secured Promissory Note dated as of ----------N/A---------- by TransTech Systems, Inc., however, this Note is not a novation of the obligations under such prior Secured Promissory Note or the terms contained therein.

 

This Note is subject to the terms and conditions set forth in Addendum A attached hereto and made a part hereof by this reference.

 

IN WITNESS HEREOF, this Note has been executed and delivered on the date first set forth above.

 

	 	TransTech Systems, Inc.	 
	 	 	 	 
	
 

	 /s/  Steve Waddle	 
	 	By:	Steve Waddle	 
	 	Title:	Controller	 
	 	 	 	 

 

 

 

 

 

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ADDENDUM A

 

Pursuant to this Addendum A to Secured Promissory Note (this “Addendum”) executed by and between TransTech Systems, Inc. (“Borrower”) and BFI Business Finance (“Lender”) the foregoing Secured Promissory Note (the “Note”) is hereby amended and/or supplemented by the following terms and conditions, which are incorporated by this reference in the Note as the following additional paragraphs to the Note:

 

15.           It shall be a condition precedent to the Advance being made under this Note that Lender shall have received a fully executed letter agreement between Borrower’s guarantor, Visualant, Incorporated (“Guarantor”) and Borrower, whereby Guarantor agrees that all outstanding obligations owing under this Note, if any, shall be directly remitted to Lender by Guarantor on such Maturity Date.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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