Document:

EX-10.1(d)

 Exhibit 10.1(d) 

SECURITY AGREEMENT 
 THIS
SECURITY AGREEMENT (as amended, restated, supplemented or otherwise modified from time to time, this “Agreement”), dated as of August 29, 2017, is among Green Plains Inc. (the “Borrower”), and each Subsidiary
of the Borrower that from time to time becomes a party hereto (each such Subsidiary together with the Borrower, individually each a “Debtor” and collectively the “Debtors”) and BNP Paribas, as collateral agent (in
such capacity, the “Collateral Agent”). 
 W I T N E S S E T
H: 
 WHEREAS, the Borrower, the lenders party thereto, the Collateral Agent, and BNP Paribas, as administrative agent (the
“Administrative Agent”), have entered into a Term Loan Agreement dated as of the date hereof (as amended, restated, supplemented or otherwise modified from time to time, the “Loan Agreement”); 

WHEREAS, pursuant to a Guaranty dated as of the date hereof (as amended, restated, supplemented or otherwise modified form time to time, the
“Guaranty”), each Debtor, other than the Borrower, has guaranteed the obligations of the Borrower under or in connection with the Loan Agreement; and 

WHEREAS, the obligations of the Borrower under the Loan Documents (as defined in the Loan Agreement), and the obligations of each other Debtor
under the Guaranty, are to be secured pursuant to this Agreement; 
 NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 1. Definitions and Interpretation. (a) In
addition to terms defined in the preamble and recitals above, (i) capitalized terms used but not defined herein have the respective meanings assigned to such terms in the Loan Agreement, (ii) the terms Account, Account
Debtor, As-extracted Collateral, Certificated Security, Chattel Paper, Commercial Tort Claim, Commodity Account, Commodity Contract, Deposit Account, Document, Electronic Chattel
Paper, Equipment, Farm Products, Fixtures, Goods, Instrument, Inventory, Investment Property, Letter of Credit Rights, Payment Intangibles, Securities Account,
Security, Security Entitlement, Supporting Obligations, Tangible Chattel Paper and Uncertificated Security have the respective meanings assigned to such terms in the UCC (as defined below) and (iii) the
following terms have the following meanings: 
 Assignee Deposit Account - see Section 4. 

Collateral - see Section 2. 

Computer Hardware and Software means, with respect to any Debtor, all of the following, whether now or hereafter owned, licensed or
leased by such Debtor, (a) all computer and other electronic data processing hardware, including integrated computer systems, central processing units, memory units, display terminals, printers, features, computer elements, card readers, tape
drives, hard and soft disk drives, cables, electrical supply hardware, generators, power equalizers, accessories and peripheral devices and all other related computer hardware; (b) all software programs, operating system software, utilities and
application programs in whatsoever form (source code and object code in magnetic tape, disk or hard copy format or any other listing whatsoever); (c) all firmware associated with the foregoing; (d) all rights with respect to the foregoing,
including any and all licenses, options, warranties, service 

 contracts, program services, test rights, maintenance rights, support rights, improvement rights, renewal rights
and indemnifications, and any substitution, replacement, addition or model conversion of any of the foregoing; and (e) all documentation for the foregoing, including flow charts, logic diagrams, manuals, specifications, training materials,
charts and pseudo codes. 
 Default means (a) any Event of Default; and (b) any Unmatured Event of Default under
Section 12.1.7 or 12.1.8 of the Loan Agreement. 
 Excluded Foreign Subsidiary Voting Stock means any voting stock in excess of
65% of the total outstanding amount of any class of voting stock of a Foreign Subsidiary of the type described in clause (a) or (b) of the definition of Foreign Subsidiary. 

General Intangibles means, with respect to any Debtor, all of such Debtor’s “general intangibles” as defined in the UCC
and, in any event, includes all of such Debtor’s trademarks, trade names, patents, copyrights, trade secrets, customer lists, inventions, designs, software programs, mask works, goodwill, registrations, licenses, franchises, tax refund claims,
guarantee claims, security interests and rights to indemnification. 
 Intellectual Property means, with respect to any Debtor, all
of such Debtor’s trade secrets and other proprietary information; customer lists; trademarks, service marks, business names, trade names, designs, logos, indicia, and/or other source and/or business identifiers and the goodwill of the business
relating thereto and all registrations or applications for registrations that have heretofore been or may hereafter be issued thereon; copyrights (including copyrights for computer programs) and copyright registrations or applications for
registrations that have heretofore been or may hereafter be issued and all tangible property embodying copyrights; unpatented inventions (whether or not patentable); patent applications and patents; industrial designs, industrial design applications
and registered industrial designs; license agreements related to any of the foregoing and income therefrom; mask works, books, records, writings, information contained on computer tapes or disks or other electronic media, flow diagrams,
specification sheets, source codes, object codes and other physical manifestations, embodiments or incorporations of any of the foregoing; the right to sue for all past, present and future infringements of any of the foregoing; and all common law
and other rights in and to all of the foregoing; in each of the foregoing cases whether now existing or hereafter created or acquired and wherever located throughout the world. 

Lender Party means the Collateral Agent, the Administrative Agent, and each Lender. 

Liabilities means (a) with respect to the Borrower, all obligations of the Borrower under or in connection with the Loan Agreement
or any other Loan Document (including this Agreement); (b) with respect to any other Debtor, all obligations of such Debtor under or in connection with the Guaranty or any other Loan Document (including this Agreement), in each case howsoever
created, arising or evidenced, whether direct or indirect, absolute or contingent, now or hereafter existing, or due or to become due; and (c) with respect to any Debtor, and whether or not constituting obligations under any Loan Document,
interest accruing after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding relating to the Borrower or any other Debtor, whether or not a claim for post-filing or post-petition interest
is allowed in such proceeding. 
 Non-Tangible Collateral means, with respect to any Debtor, such Debtor’s Accounts and General
Intangibles. 
 Pari Passu Collateral Agent - see Section 8. 

  
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 Requirement of Law means, as to any Person, any law (statutory or common), treaty, rule or
regulation or determination of an arbitrator or of a Governmental Authority, in each case applicable to or binding upon such Person or any of its property or to which such Person or any of its property is subject. 

UCC means the Uniform Commercial Code as in effect from time to time in the State of New York; provided that, if perfection or the
effect of perfection or non-perfection or the priority of the security interest in any Collateral is governed by the Uniform Commercial Code as in effect in a jurisdiction other than the State of New York, “UCC” means the Uniform
Commercial Code as in effect from time to time in such other jurisdiction for purposes of the provisions hereof relating to such perfection, effect of perfection or non-perfection or priority. 

(b) For purposes of this Agreement, (i) the rules of interpretation set forth in Section 1.2 of the Loan Agreement shall apply as if
fully set forth herein, mutatis mutandis, and (ii) if, with respect to any Securities, any provision hereof is inconsistent with the Pledge Agreement, the terms of the Pledge Agreement shall control. 

2. Grant of Security Interest. As security for the payment of all Liabilities, each Debtor hereby assigns, pledges and conveys to the
Collateral Agent for the benefit of the Lender Parties, and grants to the Collateral Agent for the benefit of the Lender Parties, a continuing security interest in, all of such Debtor’s right, title, and interest in, to and under the following,
in each case, wherever located and whether now existing or hereafter arising or acquired, as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the
Liabilities: 
 (i) Accounts; 

(ii) Chattel Paper (including Electronic Chattel Paper and Tangible Chattel Paper); 

(iii) Computer Hardware and Software; 

(iv) Deposit Accounts; 
 (v)
Documents; 
 (vi) Farm Products; 

(vii) General Intangibles; 

(viii) Goods (including all of its Equipment, Fixtures and Inventory), together with all accessions, additions, attachments, improvements,
substitutions and replacements thereto and therefor; 
 (ix) Instruments (together with all guaranties thereof and security therefor); 

(x) Intellectual Property; 
 (xi)
Investment Property (including Commodity Accounts, Commodity Contracts, Securities (whether Certificated Securities or Uncertificated Securities), Security Entitlements and Securities Accounts); 

(xii) Letter of Credit Rights; 

  
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 (xiii) money (of every jurisdiction whatsoever), cash and cash equivalents; 

(xiv) Payment Intangibles; 
 (xv)
Commercial Tort Claims, including those listed on Schedule V; 
 (xvi) As-extracted Collateral; 

(xvii) all books, records, writings, data bases, information and other property relating to, used or useful in connection with, evidencing,
embodying, incorporating or referring to any of the foregoing, all claims and/or insurance proceeds arising out of the loss, nonconformity or any interference with the use of, or any defect or infringement of rights in, or damage to, any of the
foregoing, all Supporting Obligations, and all proceeds, products, offspring, rents, issues, profits and returns of and from, accessions and increases to, and all distributions on and rights arising out of, any of the foregoing; and 

(xviii) all other personal property of any kind or nature and wherever located; 

All of the foregoing are herein collectively called the “Collateral”; provided, that, notwithstanding anything to the
contrary in this Agreement, none of the Excluded Foreign Subsidiary Voting Stock shall constitute Collateral. 
 3. Warranties. Each
Debtor warrants that: (a) no financing statement (other than any that may have been filed on behalf of the Collateral Agent or in connection with Permitted Liens) covering any of the Collateral is on file in any public office; (b) such
Debtor is the lawful owner, lessee or licensee (as applicable) of all of its Collateral, free of all liens and claims whatsoever, other than Permitted Liens, with full power and authority to execute and deliver this Agreement and perform such
Debtor’s obligations hereunder and to subject the Collateral to the security interest hereunder; (c) all information with respect to Collateral and Account Debtors set forth in any schedule, certificate or other writing at any time
heretofore or hereafter furnished by such Debtor to any Lender Party will be true and correct in all material respects as of the date furnished; (d) such Debtor’s jurisdiction of organization, true legal name as registered in such
jurisdiction, organizational identification number, if any, designated by such jurisdiction and federal employer identification number are as set forth on Schedule I (and during the five-year period preceding the date hereof or, if later, the
date such Debtor becomes a party hereto (the “Preceding Period”) such Debtor has not been organized under the law of any other jurisdiction except as set forth on Schedule I); (e) each location where such Debtor
maintains a place of business or has any Goods, in each case as of the date hereof, is set forth on Schedule II; (f) except as disclosed on Schedule III, as of the date of this Agreement, such Debtor is not known, and during the
Preceding Period has not previously been known, by any trade name; (g) except as disclosed on Schedule III, during the Preceding Period such Debtor has not been known by any legal name different from the one set forth on the signature
pages of this Agreement nor has such Debtor been the subject of any merger or other corporate reorganization; (h) Schedule IV contains a complete listing of all of such Debtor’s Intellectual Property that is registered under
any registration statute and has not subsequently been abandoned or expired; (i) Schedule VI hereto lists all Instruments, Letter of Credit Rights, and Chattel Paper of each Debtor; and (j) upon (i) the filing of financing
statements on Form UCC-1 in the appropriate governmental offices, and (ii) the filing of Intellectual Property Security Agreements in substantially the form of Exhibits B-1, B-2, or B-3, with the United States Copyright
Office and/or the United States Patent and Trademark Office, as applicable, the Collateral Agent will have a valid lien upon and perfected security interest in all of the Collateral of such Debtor in which a security interest can be perfected by
filing under the UCC (subject only to Permitted Liens permitted by the Loan Documents to have priority over the Liens granted in favor of the Collateral Agent). 

  
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 4. Collections, etc. The Collateral Agent may, and at the direction of the Required
Lenders shall, at any time that a Default exists, whether before or after the maturity of any Liabilities, notify any party obligated on any of the Non-Tangible Collateral to make payment to the Collateral Agent of any amount due or to become due
thereunder and enforce collection of any Non-Tangible Collateral by suit or otherwise and surrender, release or exchange all or any part thereof, or compromise or extend or renew for any period (whether or not longer than the original period) any
indebtedness thereunder or evidenced thereby. Upon request of the Collateral Agent during the existence of a Default, each Debtor will, at its own expense, notify any party obligated on any Non-Tangible Collateral to make payment to the Collateral
Agent for the benefit of the Lender Parties of any amount due or to become due thereunder. Notwithstanding the foregoing, at any time no Default exists, the Collateral Agent shall notify any party to which it has given a notice or with respect to
which the Collateral Agent has otherwise taken action under this paragraph, to resume making payments to the applicable Debtor. 
 Upon
request by the Collateral Agent during the existence of a Default, each Debtor will forthwith, upon receipt, transmit and deliver to the Collateral Agent, in the form received, all cash, checks, drafts and other instruments or writings for the
payment of money (properly endorsed, where required, so that such items may be collected by the Collateral Agent) that may be received by such Debtor at any time in full or partial payment or otherwise as proceeds of any of the Collateral;
provided that if at any time after such a request is made by the Collateral Agent, no Default exists, the obligations of each Debtor under this paragraph shall cease until a further request of the Collateral Agent during the existence of a
Default. 
 During the existence of a Default, (a) all items or amounts that are delivered by any Debtor to the Collateral Agent on
account of payment of, or otherwise as proceeds of, any Collateral pursuant to the foregoing paragraph shall be deposited to the credit of a deposit account (each an “Assignee Deposit Account”) of such Debtor maintained with the
Collateral Agent, as security for payment of the Liabilities, and (b) except as expressly set forth herein, no Debtor shall have any right to withdraw any funds deposited in the applicable Assignee Deposit Account. If funds are being deposited
into an Assignee Deposit Account pursuant to the foregoing sentence, the Collateral Agent may, from time to time, in its discretion or at the direction of the Required Lenders, and shall upon request of the applicable Debtor made not more than once
in any week, apply the then balance, representing collected funds, in the Assignee Deposit Account, toward payment of the Liabilities, whether or not then due, in such order of application as the Collateral Agent may determine, and the Collateral
Agent or the Required Lenders may, from time to time, in its discretion or at the direction of the Required Lenders, release any portion of such balance to the applicable Debtor; provided that (i) if a Lender shall have notified the
Collateral Agent in writing of its desire to withhold all funds in the Assignee Deposit Account during the continuance of a Default, then no such release of funds may be made to the Debtor without the consent of the Required Lenders and (ii) if
any Debtor requests release to it of any such funds, such request shall be accompanied by a certificate signed by a Responsible Officer of such Debtor that sets forth the intended use of such funds (each such certificate, a “Collateral
Release Certificate”). At any time no Default exists, the Collateral Agent shall, upon request of the applicable Debtor and receipt of a Collateral Release Certificate, release the balance in the Assignee Deposit Account to such Debtor.

 During the existence of a Default, the Collateral Agent is authorized to endorse, in the name of the applicable Debtor, any item,
howsoever received by the Collateral Agent, representing any payment on or other proceeds of any Collateral. 
 Each Debtor hereby appoints
the Collateral Agent as its attorney-in-fact for the purpose of carrying out the provisions of this Agreement and taking any action and executing or completing any instrument that the Required Lenders may deem necessary or advisable to accomplish
the purposes hereof, which appointment is irrevocable and coupled with an interest; provided that the Collateral Agent shall not exercise its rights as such attorney-in-fact unless a Default exists. 

  
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 5. Certificates, Schedules and Reports. Each Debtor will from time to time deliver to the
Collateral Agent, such schedules, certificates and reports with respect to the Collateral, and with respect to items or amounts received by such Debtor in full or partial payment of any Collateral, as the Collateral Agent (at the direction of any
Lender) may reasonably request. Any such schedule, certificate or report shall be executed by a duly authorized officer of such Debtor and shall be in such form and detail as the Collateral Agent may reasonably specify. Each Debtor shall promptly
notify the Collateral Agent of the occurrence of any event causing any loss or depreciation in the value of its Inventory or other Goods that is material to the Borrower and its Subsidiaries taken as a whole, and such notice shall specify or
reasonably estimate the amount of such loss or depreciation. 
 6. Agreements of the Debtors. Each Debtor (a) will, from time to
time, execute (as applicable) such financing statements and other documents (and pay the cost of filing or recording the same in all public offices deemed appropriate by the Collateral Agent) and do such other acts and things (including delivery to
the Collateral Agent of any Instruments or Certificated Securities that constitute Collateral), as the Collateral Agent may from time to time reasonably request to establish and maintain a valid and perfected security interest in the Collateral
(free of all other Liens other than Permitted Liens) to secure the payment of the Liabilities; (b) will not change its state of organization or incorporation or its name, identity or corporate structure such that any financing statement filed
to perfect the Collateral Agent’s interests under this Agreement would become seriously misleading, unless such Debtor shall have given the Collateral Agent not less than 30 days’ prior written notice of such change (or such shorter period
of time as the Collateral Agent may agree in its sole discretion) (provided that this Section 6(b) shall not be deemed to authorize any change or transaction prohibited under the Loan Agreement); (c) will keep its records concerning
Non-Tangible Collateral in such a manner as will enable the Collateral Agent or its designees to determine at any time the status of such Non-Tangible Collateral; (d) will furnish the Collateral Agent such information concerning such Debtor,
the Collateral and the Account Debtors as the Collateral Agent may from time to time reasonably request; (e) will, promptly upon request of the Collateral Agent, stamp on its records concerning the Collateral and add on all Chattel Paper
constituting a portion of the Collateral, a notation, in form reasonably satisfactory to the Collateral Agent, indicating the security interest of the Collateral Agent hereunder; (f) except for Permitted Liens and as otherwise permitted by the
Loan Agreement, will not sell, lease, assign or create or permit to exist any Lien on or security interest in any Collateral; (g) will at all times keep all its Inventory and other Goods insured under policies maintained with responsible
insurance companies against loss, damage, theft and other risks to such extent as is required by the Loan Agreement, and cause all such policies to provide that loss thereunder shall be payable to the Collateral Agent, and such policies or
certificates thereof shall, if the Collateral Agent so requests, be deposited with or furnished to the Administrative Agent and Collateral Agent in accordance with the terms of the Loan Agreement; (h) will, promptly upon request of the
Collateral Agent, (1) cause to be noted, on the applicable certificate for any of its Equipment that is covered by a certificate of title, the security interest of the Collateral Agent in such Equipment and (2) deliver all such
certificates to the Collateral Agent or its designees; (i) will take all steps reasonably necessary to protect, preserve and maintain all of its rights in the Collateral; (j) will not keep any of its property or maintain any place of
business at any location other than its addresses shown on Schedule II or such other locations as may be specified by such Debtor upon not less than 15 days’ prior written notice to the Collateral Agent (or such shorter period of time as
the Collateral Agent may agree in its sole discretion), provided that if requested by the Collateral Agent with respect to such property, the Collateral Agent (1) has a mortgage lien on such property (if such property is owned by a
Debtor) or (2) has received a landlord waiver reasonably satisfactory to the Collateral Agent with respect to such property (if such property is leased by a Debtor); (k) will not maintain any place of business at any location other than in
the United States; (l) will, promptly upon any Responsible Officer of such 

  
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Debtor obtaining knowledge that such Debtor has acquired a Commercial Tort Claim, notify the Collateral Agent in a writing signed by such Debtor of the details thereof and grant to the Collateral
Agent in such writing a security interest therein and in the proceeds thereof, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent; (m) will, promptly upon any Responsible Officer of such Debtor
obtaining knowledge that such Debtor has acquired any Instruments or Chattel Paper, deliver to the Collateral Agent such Instruments or Chattel Paper (in each case, accompanied by stock powers, allonges or other instruments of transfer executed in
blank); (n) will, if requested by the Collateral Agent, promptly take all steps necessary to grant the Collateral Agent control of all Electronic Chattel Paper in accordance with the UCC and all “transferable records” as defined in
each of the Uniform Electronic Transactions Act and the Electronic Signatures in Global and National Commerce Act; and (o) will, if requested by the Collateral Agent, promptly instruct all issuers and nominated persons under any Letter of
Credit Rights in which any Debtor is the beneficiary or assignee to make all payments under such letters of credit to the Collateral Agent. 

With respect to any Intellectual Property Collateral, (a) each Debtor shall notify Collateral Agent promptly if it knows or has reason to
know that any application or registration relating to any patent, trademark, or copyright (now or hereafter existing) may become abandoned or dedicated, or of any adverse determination or development (including the institution of, or any such
determination or development in, any proceeding in the United States Patent and Trademark Office, the United States Copyright Office, or any court) regarding any Debtor’s ownership of any patent, trademark, or copyright, its right to register
the same, or its right to keep and maintain the same, (b) in no event shall any Debtor, either itself or through any agent, employee, licensee or designee, file an application for the registration of any patent, trademark, or copyright with the
United States Patent and Trademark Office, the United States Copyright Office, or any similar office or agency without giving Collateral Agent prior written notice thereof, and such Debtor shall execute and deliver Intellectual Property Security
Agreements in substantially the form of Exhibits B-1, B-2, or B-3, as applicable, as Collateral Agent may request to evidence the Collateral Agent’s Lien on such patent, trademark, or copyright, and the General Intangibles
of such Debtor relating thereto or represented thereby, (c) each Debtor shall take all actions necessary or requested by Collateral Agent to maintain and pursue each application, to obtain the relevant registration and to maintain the
registration of each of the patents, trademarks, and copyrights (now or hereafter existing), including the filing of applications for renewal, affidavits of use, affidavits of non-contestability and opposition, and interference and cancellation
proceedings, and (d) in the event that any of the patent, trademark or copyright Collateral is infringed upon, misappropriated, or diluted by a third party, the applicable Debtor shall, unless such Debtor shall reasonably determine that such
patent, trademark or copyright Collateral is in no way material to the conduct of its business or operations, promptly sue for infringement, misappropriation, or dilution and to recover any and all damages for such infringement, misappropriation, or
dilution, and shall take such other actions as Collateral Agent shall deem appropriate under the circumstances to protect such patent, trademark, or copyright Collateral. 

Each Debtor hereby authorizes the Collateral Agent to file (without the signature of such Debtor) any financing statement, continuation
statement or amendment to financing statement in any jurisdiction and with any filing office as the Collateral Agent may determine, in its sole discretion, is necessary or advisable to perfect the security interests granted to the Collateral Agent
hereunder. Any such financing statement or amendment may describe the Collateral in the same manner as described in this Agreement or any other agreement entered into by the parties in connection herewith, or may contain an indication or description
of collateral that describes such property in any other manner as the Collateral Agent may determine, in its sole discretion, is necessary, advisable or prudent to ensure the perfection of the security interest in the Collateral, including
describing such property as “all assets” or “all personal property”, whether now owned or hereafter acquired. 

  
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 All reasonable expenses incurred in protecting, preserving and maintaining any Collateral shall
be borne by the applicable Debtor. Whenever a Default exists, the Collateral Agent shall have the right to bring suit to enforce any Intellectual Property or licenses thereunder, in which event the applicable Debtor shall at the request of the
Collateral Agent do all lawful acts and execute all proper documents required by the Collateral Agent in aid of such enforcement, and such Debtor shall (subject only to any limitation set forth in any Guaranty issued by any Debtor) promptly, upon
demand, reimburse and indemnify the Collateral Agent for all reasonable costs and expenses incurred by the Collateral Agent (i) in the exercise of its rights under this Section 6 or any other any right or remedy granted to it
hereunder, (ii) in respect of any claim and the prosecution or defense thereof arising out of or in any way connected with this Agreement, and (iii) in respect of the collection or enforcement of the Liabilities, except to the extent any
of the foregoing are found by a court of competent jurisdiction in a final, non-appealable judgment to have resulted from the gross negligence or willful misconduct of the Collateral Agent. Notwithstanding the foregoing or any other provision of
this Agreement, the Collateral Agent does not assume any obligation of any Debtor under any contract or other document included in the Collateral by reason of, or arising out of, this Agreement or any security interest granted hereunder. 

Each Debtor (other than the Borrower) acknowledges and agrees that the obligations undertaken by it under this Agreement involve the provision
of collateral security for the obligations of Persons other than such Debtor and that each Debtor’s provision of collateral security for the Liabilities are absolute, irrevocable and unconditional under any and all circumstances. In full
recognition and furtherance of the foregoing, each Debtor understands and agrees that, to the fullest extent permitted under applicable laws and except as may otherwise be expressly and specifically provided in the Loan Documents, each Debtor shall
remain obligated hereunder (including with respect to the collateral security provided by each Debtor herein) and the enforceability and effectiveness of this Agreement and the liability of each Debtor, and the rights, remedies, powers and
privileges of the Collateral Agent and the other Lender Parties under this Agreement and the other Loan Documents shall not be affected, limited, reduced, discharged or terminated in any way, regardless of whether any reservation of rights against
any Debtor is made, or any notice to, or further assent by, any Debtor is obtained, prior to or upon occurrence of any of the following: (A) the liability of any other Person upon or for any part of the Liabilities or any collateral security
therefor or right of offset with respect thereto, may, from time to time, in whole or in part, be renewed, extended, amended, modified, accelerated, compromised, waived, surrendered or released by, or any indulgence or forbearance in respect thereof
granted by, the Collateral Agent or any other Lender Party; (B) the Loan Agreement, the other Loan Documents, and any other documents executed and delivered in connection therewith may be amended, modified, supplemented, restated or replaced,
in whole or in part, as the Collateral Agent (or the Required Lenders or all Lenders, as the case may be) may deem advisable from time to time; (C) any Debtor or any other Person liable for the Liabilities may from time to time accept or enter
into new or additional agreements, security documents, guarantees or other instruments in addition to, in exchange for or relative to, any Loan Document, all or any part of the Liabilities or any Collateral now or in the future serving as security
for the Liabilities; (D) any collateral security or right of offset at any time held by the Collateral Agent or any other Lender Party for the payment of the Liabilities may be sold, exchanged, waived, surrendered or released; and (E) any
other event (other than the indefeasible payment in full of the Liabilities) shall occur which constitutes a defense or release of sureties generally. 

When making any demand hereunder or otherwise pursuing its rights and remedies hereunder against any Debtor, the Collateral Agent may, but
shall be under no obligation to, join or make a similar demand on or otherwise pursue or exhaust such rights and remedies as it may have against any Debtor or any other Person or against any collateral security for the Liabilities or any right of
offset with respect thereto, and any failure by the Collateral Agent to make any such demand, to pursue such other rights or remedies or to collect any payments from any Debtor, or any other Person or to realize upon any such collateral security or
to exercise any such right of offset, or any release of any Debtor or any other Person 

  
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or any such collateral security, guarantee or right of offset, shall not relieve any Debtor of any obligation or liability hereunder, and shall not impair or affect the rights and remedies,
whether express, implied or available as a matter of law, of the Collateral Agent or any other Lender Party against any Debtor. For the purposes hereof, “demand” shall include the commencement and continuance of any legal proceedings.
Neither the Collateral Agent nor any other Lender Party shall have any obligation to protect, secure, perfect, or insure any Lien at any time held by it as security for the Liabilities or any property subject thereto. 

7. Default. (a) Whenever a Default exists, the Collateral Agent may exercise from time to time any right or remedy available to it
under the UCC, under any other applicable law and/or as described below. Without limiting the generality of the foregoing, each Debtor expressly agrees that in any such event Collateral Agent, without demand of performance or other demand,
advertisement or notice of any kind (except the notice specified below of the time and place of public or private sale) to or upon any Debtor or any other Person (all and each of which demands, advertisements and notices are hereby expressly waived
to the maximum extent permitted by the UCC and other applicable law), may forthwith enter upon the premises of each Debtor where any Collateral is located through self-help, without judicial process, without first obtaining a final judgment or
giving any Debtor or any other Person notice and opportunity for a hearing on Collateral Agent’s claim or action and may collect, receive, assemble, process, appropriate and realize upon the Collateral, or any part thereof, and may forthwith
sell, lease, license, assign, give an option or options to purchase, or sell or otherwise dispose of and deliver said Collateral (or contract to do so), or any part thereof, in one or more parcels at a public or private sale or sales, at any
exchange at such prices as it may deem acceptable, for cash or on credit or for future delivery without assumption of any credit risk. Collateral Agent 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 for the benefit of the Lender Parties, the whole or any part of said Collateral so sold, free of any right or equity of redemption, which right of redemption each Debtor hereby releases. Such sales may be
adjourned and continued from time to time with or without notice. Collateral Agent shall have the right to conduct such sales on any Debtor’s premises or elsewhere and shall have the right to use any Debtor’s premises without charge for
such time or times as Collateral Agent deems necessary or advisable. 
 (b) Each Debtor agrees, if a Default exists, (i) to assemble, at
its expense, all its Inventory and other Goods (other than Fixtures) at a convenient place or places acceptable to the Collateral Agent and (ii) to execute all documents and do all other things that may be necessary in order to enable the
Collateral Agent or its nominee to be registered as owner of the Intellectual Property with any competent registration authority. For the purpose of enabling Collateral Agent to exercise rights and remedies under Section 7 hereof, in order to
take possession of hold, preserve, process, assemble, prepare for sale, market for sale, sell or otherwise dispose of Collateral) at such time as Collateral Agent shall be lawfully entitled to exercise such rights and remedies, to the extent Debtor
is not contractually prohibited from doing so, each Debtor hereby grants to Collateral Agent on behalf of the Lender Parties, an irrevocable, nonexclusive license (exercisable without payment of royalty or other compensation to any Debtor) to use,
license, or sublicense any intellectual property now owned or hereafter acquired by any Debtor, and wherever the same may be located, and including in such license access to all media in which any of the licensed items may be recorded or stored and
to all computer software and programs used for the compilation or printout thereof. 
 (c) Each Debtor agrees and acknowledges that
(i) with respect to Collateral that is: (A) perishable or threatens to decline speedily in value or (B) is of a type customarily sold on a recognized market, no notice of disposition need be given; and (ii) with respect to
Collateral not described in clause (i) above, notification sent after a Default and at least ten days before any proposed disposition provides notice a reasonable time before such disposition. 

  
 9 

 (d) Each Debtor agrees and acknowledges that a commercially reasonable disposition of Inventory,
Equipment, Computer Hardware and Software or Intellectual Property may be by lease or license of, in addition to the sale of, such Collateral. Each Debtor further agrees and acknowledges that a disposition (i) made in the usual manner on any
recognized market, (ii) at the price current in any recognized market at the time of disposition or (iii) in conformity with reasonable commercial practices among sellers of the type of property subject to such disposition shall, in each
case, be deemed commercially reasonable. 
 (e) Any cash proceeds of any disposition by the Collateral Agent of any Collateral shall be
applied by the Collateral Agent, at the direction of the Required Lenders, to the payment of the Liabilities until paid in full, and any surplus will be paid to the applicable Debtor or as a court of competent jurisdiction shall direct. 

(f) Collateral Agent may at any time after a Default has occurred and is continuing (or if any rights of set-off (other than set-offs against
an Account arising under the contract giving rise to the same Account) or contra accounts may be asserted with respect to the following), without prior notice to any Debtor, notify Account Debtors and other Persons obligated on the Collateral that
the Lender Parties have a security interest therein, and that payments shall be made directly to Collateral Agent. Upon the request of Collateral Agent, each Debtor shall so notify Account Debtors and other Persons obligated on Collateral. Once any
such notice has been given to any Account Debtor or other Person obligated on the Collateral, no Debtor shall give any contrary instructions to such Account Debtor or other Person without Collateral Agent’s prior written consent. 

(g) Except as otherwise specifically provided herein, each Debtor hereby waives presentment, demand, protest or any notice (to the maximum
extent permitted by applicable law) of any kind in connection with this Security Agreement or any Collateral. Collateral Agent and the Lender Parties shall not be required to make any demand upon, or pursue or exhaust any of their rights or remedies
against, any Debtor, any other obligor, guarantor, pledgor or any other Person with respect to the payment of the Liabilities or to pursue or exhaust any of their rights or remedies with respect to any Collateral therefor or any direct or indirect
guarantee thereof. Collateral Agent and the Lender Parties shall not be required to marshal the Collateral or any guarantee of the Liabilities or to resort to the Collateral or any such guarantee in any particular order, and all of its and their
rights hereunder or under any other Loan Document shall be cumulative. To the extent it may lawfully do so, each Debtor absolutely and irrevocably waives and relinquishes the benefit and advantage of, and covenants not to assert against Collateral
Agent or the Lender Parties, any valuation, stay, appraisement, extension, redemption or similar laws and any and all rights or defenses it may have as a surety now or hereafter existing which, but for this provision, might be applicable to the sale
of any Collateral made under the judgment, order or decree of any court, or privately under the power of sale conferred by this Security Agreement, or otherwise. 

(h) To the extent that applicable law imposes duties on Collateral Agent and the Secured Parties to exercise remedies in a commercially
reasonable manner, each Debtor acknowledges and agrees that it is not commercially unreasonable for Collateral Agent (i) to fail to incur expenses reasonably deemed significant by Collateral Agent to prepare Collateral for disposition or
otherwise to complete raw material or work in process into finished goods or other finished products for disposition, (ii) to fail to obtain third party consents for access to Collateral to be disposed of, or to obtain or, if not required by
other law, to fail to obtain governmental or third party consents for the collection or disposition of Collateral to be collected or disposed of, (iii) to fail to exercise collection remedies against Account Debtors or other Persons obligated
on Collateral or to remove Liens on or any adverse claims against Collateral, (iv) to exercise collection remedies against Account Debtors and other Persons obligated on Collateral directly or through the use of collection agencies and other
collection specialists, (v) to 

  
 10 

 
advertise dispositions of Collateral through publications or media of general circulation, whether or not the Collateral is of a specialized nature, (vi) to contact other Persons, whether or
not in the same business as any Debtor, for expressions of interest in acquiring all or any portion of such Collateral, (vii) to hire one or more professional auctioneers to assist in the disposition of Collateral, whether or not the Collateral
is of a specialized nature, (viii) to dispose of Collateral by utilizing internet sites that provide for the auction of assets of the types included in the Collateral or that have the reasonable capacity of doing so, or that match buyers and
sellers of assets, (ix) to dispose of assets in wholesale rather than retail markets, (x) to disclaim disposition warranties, such as title, possession or quiet enjoyment, (xi) to purchase insurance or credit enhancements to insure
the Lender Parties against risks of loss, collection or disposition of Collateral or to provide to the Lender Parties a guaranteed return from the collection or disposition of Collateral, or (xii) to the extent deemed appropriate by Collateral
Agent, to obtain the services of other brokers, investment bankers, consultants and other professionals to assist Collateral Agent in the collection or disposition of any of the Collateral. Each Debtor acknowledges that the purpose of this
subsection (h) is to provide non-exhaustive indications of what actions or omissions by Collateral Agent and the Lender Parties would not be commercially unreasonable in Collateral Agent’s exercise of remedies against the Collateral and
that other actions or omissions by Collateral Agent shall not be deemed commercially unreasonable solely on account of not being indicated in this subsection (h). Without limitation upon the foregoing, nothing contained in this subsection
(h) shall be construed to grant any rights to any Debtor or to impose any duties on Collateral Agent or the Lender Parties that would not have been granted or imposed by this Security Agreement or by applicable law in the absence of this
subsection (h). 
 8. General. The Collateral Agent shall exercise reasonable care in the custody and preservation of any Collateral
in its possession (and the Collateral Agent shall be deemed to have exercised such reasonable care if it takes any action that the applicable Debtor requests in writing for such purpose, but failure of the Collateral Agent to comply with any such
request shall not of itself be deemed a failure to exercise reasonable care, and no failure of the Collateral Agent to preserve or protect any right with respect to any Collateral against prior parties, or to do any act with respect to the
preservation of any Collateral not so requested by the applicable Debtor, shall be deemed a failure to exercise reasonable care in the custody or preservation of such Collateral). 

It is expressly agreed by each Debtor that, anything herein to the contrary notwithstanding, each Debtor shall remain liable under each of its
contracts and each of its licenses to observe and perform all the conditions and obligations to be observed and performed by it thereunder. The Lender Parties shall not have any obligation or liability under any contract or license by reason of or
arising out of this Agreement or the granting herein of a Lien thereon or the receipt by the Lender Parties of any payment relating to any contract or license pursuant hereto. The Lender Parties shall not be required or obligated in any manner to
perform or fulfill any of the obligations of any Debtor under or pursuant to any contract or license, or to make any payment, or to make any inquiry as to the nature or the sufficiency of any payment received by it or the sufficiency of any
performance by any party under any contract or license, or to present or file any claims, or to take any action to collect or enforce any performance or the payment of any amounts which may have been assigned to it or to which it may be entitled at
any time or times. 
 All notices and requests hereunder shall be given in accordance with Section 14.3 of the Loan Agreement and sent
to the applicable party at its address described therewith, at the first address shown for such party on Schedule II or at such other address as such party may, by written notice to the other parties, have designated as its address for such
purpose. 
 No delay on the part of the Collateral Agent in the exercise of any right or remedy shall operate as a waiver thereof, and no
single or partial exercise by the Collateral Agent of any right or remedy shall preclude other or further exercise thereof or the exercise of any other right or remedy. The rights and remedies hereunder provided are cumulative and may be exercised
singly or concurrently, and are not exclusive of any rights and remedies provided by law. 

  
 11 

 This Agreement shall remain in full force and effect until all Liabilities (other than contingent
indemnification obligations that are not yet due and payable) have been indefeasibly paid in full in cash. Upon any such payment and termination, the Collateral Agent will, upon any Debtor’s request and at such Debtor’s sole expense,
(i) deliver to such Debtor, without any representation, warranty or recourse of any kind whatsoever, all of such Debtor’s Collateral held by the Collateral Agent hereunder as shall not have been sold or otherwise applied pursuant to the
terms hereof, and (ii) execute and deliver to such Debtor such documents as such Debtor shall reasonably request to evidence such termination and the release of any security interest granted hereby. If at any time all or any part of any payment
theretofore applied by the Collateral Agent or any other Lender Party to any of the Liabilities is or must be rescinded or returned by the Collateral Agent or such Lender Party for any reason whatsoever (including the insolvency, bankruptcy or
reorganization of any Debtor), such Liabilities shall, for the purposes of this Agreement, to the extent that such payment is or must be rescinded or returned, be deemed to have continued in existence, notwithstanding such application by the
Collateral Agent or such other Lender Party, and this Agreement shall continue to be effective or be reinstated, as the case may be, as to such Liabilities, all as though such application by the Collateral Agent or such other Lender Party had not
been made. 
 If any of the Collateral shall be disposed of by any Debtor in a transaction permitted by the Loan Agreement, then, the
Collateral Agent, at the request and sole expense of such Debtor, shall execute and deliver to such Debtor all releases or other documents reasonably necessary or desirable for the release of the Liens created hereby on such Collateral; provided
that the Debtor shall have delivered to the Agent a written request for release identifying the relevant Debtor and Collateral to be released, together with a certification by the Borrower stating that such transaction is in compliance with the
Loan Agreement and the other Loan Documents and that the proceeds of such disposition will be applied in accordance therewith. At the request and sole expense of the Borrower, a Guarantor shall be released from its obligations hereunder in the event
that all the Equity Interests of such Guarantor shall be disposed of in a transaction permitted by the Loan Agreement; provided that the Borrower shall have delivered to the Agent a written request for release identifying the relevant
Guarantor, together with a certification by the Borrower stating that such transaction is in compliance with the Loan Agreement and the other Loan Documents and that the proceeds of such disposition will be applied in accordance therewith. 

Notwithstanding anything herein to the contrary, the lien and security interest granted to the pari passu collateral agent under the Term Loan
Intercreditor Agreement (the “Pari Passu Collateral Agent”) pursuant to this Agreement and the exercise of any right or remedy by the Pari Passu Collateral Agent hereunder are subject to the provisions of the Term Loan Intercreditor
Agreement. In the event of any conflict between the terms of the Term Loan Intercreditor Agreement and this Agreement, the terms of the Term Loan Intercreditor Agreement shall govern and control, to the extent provided therein. 

THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK (WITHOUT REGARD TO CONFLICTS
OF LAW PROVISIONS THEREOF). Whenever possible each provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement shall be prohibited by or invalid under
applicable law, such provision shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions of this Agreement. 

This Agreement shall be binding upon the Debtors and the Collateral Agent and their respective successors and assigns (provided that no Debtor
may assign its obligations hereunder), and shall inure to the benefit of each Debtor and the Collateral Agent and the successors and assigns of the Collateral Agent. 

  
 12 

 This Agreement may be executed in any number of counterparts (including via facsimile or in a
..pdf or similar file) and by the different parties hereto on separate counterparts and each such counterpart shall be deemed an original, but all such counterparts shall together constitute one and the same Agreement. At any time after the date of
this Agreement, one or more additional Persons may become parties hereto by executing and delivering to the Collateral Agent an Assumption Agreement, substantially in the form of Exhibit A hereto, together with supplements to the Schedules
hereto setting forth all relevant information with respect to such party as of the date of delivery, whereupon the Schedules hereto shall be deemed to be amended automatically to incorporate such information. Immediately upon such execution and
delivery (and without any further action), each such additional Person will become a party to, and will be bound by the terms of, this Agreement. 

Other than automatic modifications related to the addition of a party hereto as described in the preceding paragraph, no amendment,
modification or waiver of, or consent with respect to, any provision of this Agreement shall be effective unless the same shall be in writing and signed and delivered by the Collateral Agent, and then such amendment, modification, waiver or consent
shall be effective only in the specific instance and for the specific purpose for which it was given. 
 ANY LITIGATION BASED HEREON, OR
ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT, SHALL BE BROUGHT AND MAINTAINED EXCLUSIVELY IN COURTS OF THE STATE OF NEW YORK LOCATED IN THE CITY AND COUNTY OF NEW YORK OR IN THE UNITED STATES DISTRICT COURT
FOR THE SOUTHERN DISTRICT OF NEW YORK; PROVIDED THAT ANY SUIT SEEKING ENFORCEMENT AGAINST ANY COLLATERAL OR OTHER PROPERTY MAY BE BROUGHT, AT THE COLLATERAL AGENT’S OPTION, IN THE COURTS OF ANY JURISDICTION WHERE SUCH COLLATERAL OR OTHER
PROPERTY MAY BE FOUND. EACH PARTY HERETO HEREBY EXPRESSLY AND IRREVOCABLY (A) SUBMITS TO THE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK LOCATED IN THE CITY AND COUNTY OF NEW YORK AND OF THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN
DISTRICT OF NEW YORK FOR THE PURPOSE OF ANY SUCH LITIGATION AS SET FORTH ABOVE; (B) CONSENTS TO THE SERVICE OF PROCESS BY REGISTERED MAIL, POSTAGE PREPAID TO SUCH ADDRESS OF SUCH PARTY REFERRED TO ABOVE (OR SUCH OTHER ADDRESS AS IT SHALL HAVE
SPECIFIED IN WRITING TO THE COLLATERAL AGENT AS ITS ADDRESS FOR NOTICE HEREUNDER), OR BY PERSONAL SERVICE WITHIN OR WITHOUT THE STATE OF NEW YORK; AND (C) WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY OBJECTION WHICH IT MAY NOW OR
HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY SUCH LITIGATION BROUGHT IN ANY SUCH COURT REFERRED TO ABOVE AND ANY CLAIM THAT ANY SUCH LITIGATION HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. 

EACH DEBTOR, THE COLLATERAL AGENT AND (BY ACCEPTING THE BENEFITS HEREOF) EACH OTHER LENDER PARTY HEREBY WAIVES ANY RIGHT TO A TRIAL BY JURY
IN ANY ACTION OR PROCEEDING TO ENFORCE OR DEFEND ANY RIGHTS UNDER THIS AGREEMENT, ANY OTHER LOAN DOCUMENT AND ANY AMENDMENT, INSTRUMENT, DOCUMENT OR AGREEMENT DELIVERED OR WHICH MAY IN THE FUTURE BE DELIVERED IN CONNECTION HEREWITH OR THEREWITH OR
ARISING FROM ANY BANKING RELATIONSHIP EXISTING IN CONNECTION WITH ANY OF THE FOREGOING, AND AGREES THAT ANY SUCH ACTION OR PROCEEDING SHALL BE 

  
 13 

 
TRIED BEFORE A COURT AND NOT BEFORE A JURY. EACH DEBTOR ACKNOWLEDGES AND AGREES THAT IT HAS RECEIVED FULL AND SUFFICIENT CONSIDERATION FOR THIS PROVISION (AND EACH OTHER PROVISION OF EACH OTHER
LOAN DOCUMENT TO WHICH IT IS A PARTY) AND THAT THIS PROVISION IS A MATERIAL INDUCEMENT FOR THE COLLATERAL AGENT, FOR THE BENEFIT OF THE OTHER LENDER PARTIES, ENTERING INTO THIS AGREEMENT AND EACH SUCH OTHER LOAN DOCUMENT. 

[Remainder of page intentionally left blank.] 

  
 14 

 IN WITNESS WHEREOF, this Agreement has been duly executed as of the date first above written.

  

			
	GREEN PLAINS INC.
	
	By: /s/ Michelle
Mapes                                        
    
	Name:	 	Michelle Mapes
	Title:	 	 EVP - General Counsel & Corp. Secretary

	
	GREEN PLAINS I LLC
	
	By: /s/ Michelle
Mapes                                        
    
	Name:	 	Michelle Mapes
	Title:	 	 EVP - General Counsel & Corp. Secretary

	
	GREEN PLAINS II LLC
	
	By: /s/ Michelle
Mapes                                        
    
	Name:	 	Michelle Mapes
	Title:	 	 EVP - General Counsel & Corp. Secretary

	
	FLEISCHMANN’S VINEGAR COMPANY, INC.
	
	By: /s/ Michelle
Mapes                                        
    
	Name:	 	Michelle Mapes
	Title:	 	 EVP - General Counsel & Corp. Secretary

	
	GREEN PLAINS AGRICULTURAL AND ENERGY FUND LLC
	
	By: /s/ Michelle
Mapes                                        
    
	Name:	 	Michelle Mapes
	Title:	 	 EVP - General Counsel & Corp. Secretary

 
			
	GREEN PLAINS ASSET MANAGEMENT LLC

 
			
	
	By: /s/ Michelle
Mapes                                        
    
	Name:	 	Michelle Mapes
	Title:	 	
EVP - General Counsel & Corp. 
Secretary

 
			
	
	GREEN PLAINS GRAIN COMPANY TN LLC

 
			
	
	By: /s/ Michelle
Mapes                                        
    
	Name:	 	Michelle Mapes
	Title:	 	
EVP - General Counsel & Corp. 
Secretary

 
			
	
	GREEN PLAINS INDUSTRIAL CLEANING SERVICES LLC

 
			
	
	By: /s/ Michelle
Mapes                                        
    
	Name:	 	Michelle Mapes
	Title:	 	 EVP - General Counsel & Corp. Secretary

 
			
	GREEN PLAINS TRUCKING LLC

 
			
	
	By: /s/ Michelle
Mapes                                        
    
	Name:	 	Michelle Mapes
	Title:	 	
EVP - General Counsel & Corp. 
Secretary

 
			
	
	GREEN PLAINS HEREFORD LLC

 
			
	
	By: /s/ Michelle
Mapes                                        
    
	Name:	 	Michelle Mapes
	Title:	 	
EVP - General Counsel & Corp. 
Secretary

 
			
	
	GREEN PLAINS HOPEWELL LLC

 
			
	
	By: /s/ Michelle
Mapes                                        
    
	Name:	 	Michelle Mapes
	Title:	 	
EVP - General Counsel & Corp. 
Secretary

 
			
	
	GREEN PLAINS MADISON LLC

 
			
	
	By: /s/ Michelle
Mapes                                        
    
	Name:	 	Michelle Mapes
	Title:	 	
EVP - General Counsel & Corp. 
Secretary

 
			
	
	GREEN PLAINS MOUNT VERNON LLC

 
			
	
	By: /s/ Michelle
Mapes                                        
    
	Name:	 	Michelle Mapes
	Title:	 	 EVP - General Counsel & Corp. Secretary

 
			
	GREEN PLAINS YORK LLC

 
			
	
	By: /s/ Michelle
Mapes                                        
    
	Name:	 	Michelle Mapes
	Title:	 	
EVP - General Counsel & Corp. 
Secretary

 
			
	
	GREEN PLAINS PROCESSING LLC

 
			
	
	By: /s/ Michelle
Mapes                                        
    
	Name:	 	Michelle Mapes
	Title:	 	
EVP - General Counsel & Corp. 
Secretary

 
			
	
	GREEN PLAINS ATKINSON LLC

 
			
	
	By: /s/ Michelle
Mapes                                        
    
	Name:	 	Michelle Mapes
	Title:	 	
EVP - General Counsel & Corp. 
Secretary

 
			
	
	GREEN PLAINS BLUFFTON LLC

 
			
	
	By: /s/ Michelle
Mapes                                        
    
	Name:	 	Michelle Mapes
	Title:	 	
EVP - General Counsel & Corp. 
Secretary

 
			
	
	GREEN PLAINS CENTRAL CITY LLC

 
			
	
	By: /s/ Michelle
Mapes                                        
    
	Name:	 	Michelle Mapes
	Title:	 	
EVP - General Counsel & Corp. 
Secretary

 
			
	
	GREEN PLAINS COMMODITIES LLC

 
			
	
	By: /s/ Michelle
Mapes                                        
    
	Name:	 	Michelle Mapes
	Title:	 	 EVP - General Counsel & Corp. Secretary

 
			
	GREEN PLAINS CORN OIL LLC
		
	By:	 	/s/ Michelle Mapes
	Name:	 	Michelle Mapes
	Title:	 	 EVP - General Counsel & Corp. Secretary

	
	GREEN PLAINS FAIRMONT LLC
		
	By:	 	/s/ Michelle Mapes
	Name:	 	Michelle Mapes
	Title:	 	 EVP - General Counsel & Corp. Secretary

	
	GREEN PLAINS HOLDINGS II LLC
		
	By:	 	/s/ Michelle Mapes
	Name:	 	Michelle Mapes
	Title:	 	 EVP - General Counsel & Corp. Secretary

	
	GREEN PLAINS OBION LLC
		
	By:	 	/s/ Michelle Mapes
	Name:	 	Michelle Mapes
	Title:	 	 EVP - General Counsel & Corp. Secretary

	
	GREEN PLAINS ORD LLC
		
	By:	 	/s/ Michelle Mapes
	Name:	 	Michelle Mapes
	Title:	 	 EVP - General Counsel & Corp. Secretary

	
	GREEN PLAINS OTTER TAIL LLC
		
	By:	 	/s/ Michelle Mapes
	Name:	 	Michelle Mapes
	Title:	 	 EVP - General Counsel & Corp. Secretary

 
			
	GREEN PLAINS SHENANDOAH LLC
		
	By:	 	/s/ Michelle Mapes
	Name:	 	Michelle Mapes
	Title:	 	 EVP - General Counsel & Corp. Secretary

	
	GREEN PLAINS SUPERIOR LLC
		
	By:	 	/s/ Michelle Mapes
	Name:	 	Michelle Mapes
	Title:	 	 EVP - General Counsel & Corp. Secretary

	
	GREEN PLAINS WOOD RIVER LLC
		
	By:	 	/s/ Michelle Mapes
	Name:	 	Michelle Mapes
	Title:	 	 EVP - General Counsel & Corp. Secretary

 
			
	BNP PARIBAS, as Collateral Agent
	
	By: /s/ Andrew Shapiro
	Name: Andrew Shapiro
	Title: Managing Director
	
	By: /s/ James McHale
	Name: James McHale
	Title: Managing DirectorEX-10.1(e)

Table of Contents

 Exhibit 10.1(e) 

TERM LOAN INTERCREDITOR 

AND COLLATERAL AGENCY AGREEMENT 

Dated as of August 29, 2017 

among 
 BNP PARIBAS,

 as Term Loan Collateral Agent, 

BNP PARIBAS, 
 as Pari
Passu Collateral Agent, 
 BANK OF THE WEST and ING CAPITAL LLC, 

as ABL-Cattle Agent, 

BNP PARIBAS, 
 as ABL-Grain Agent, 
 PNC BANK, NATIONAL ASSOCIATION, 

as ABL-Trade Agent 

and acknowledged and agreed to by 

GREEN PLAINS INC., 
 as the
Company 
 and the other New Grantors referred to herein 
  

Table of Contents

 TABLE OF CONTENTS 

 
  

							
	 	 	 	  	Page	 
	SECTION 1.	 	 Definitions
	  	 	4	 
			
	1.1	 	 Defined Terms
	  	 	4	 
	1.2	 	 Terms Generally
	  	 	18	 
			
	SECTION 2.	 	 Lien Priorities
	  	 	18	 
			
	2.1	 	 Relative Priorities
	  	 	18	 
	2.2	 	 Prohibition on Contesting Liens; No Marshaling
	  	 	19	 
	2.3	 	 No New Liens
	  	 	20	 
	2.4	 	 Similar Liens and Agreements
	  	 	21	 
	2.5	 	 Perfection of Liens
	  	 	21	 
			
	SECTION 3.	 	 Enforcement
	  	 	22	 
			
	3.1	 	 Exercise of Remedies
	  	 	22	 
	3.2	 	 Actions Upon Breach; Specific Performance
	  	 	26	 
			
	SECTION 4.	 	 Payments
	  	 	27	 
			
	4.1	 	 Application of Proceeds
	  	 	27	 
	4.2	 	 Payments Over
	  	 	27	 
			
	SECTION 5.	 	 Other Agreements
	  	 	28	 
			
	5.1	 	 Releases
	  	 	28	 
	5.2	 	 Insurance
	  	 	29	 
	5.3	 	 Amendments to Term Loan Documents and ABL Documents
	  	 	30	 
	5.4	 	 Confirmation of Subordination in Term Loan Collateral
Documents
	  	 	31	 
	5.5	 	 Gratuitous Bailee/Agent for Perfection
	  	 	32	 
	5.6	 	 When Discharge of Term Loan Obligations Deemed to Not Have
Occurred
	  	 	33	 
	5.7	 	 Purchase Right
	  	 	35	 
			
	SECTION 6.	 	 Insolvency or Liquidation Proceedings
	  	 	36	 
			
	6.1	 	 Finance and Sale Issues
	  	 	36	 
	6.2	 	 Relief from the Automatic Stay
	  	 	37	 
	6.3	 	 Adequate Protection
	  	 	37	 
	6.4	 	 No Waiver
	  	 	39	 
	6.5	 	 Avoidance Issues
	  	 	39	 
	6.6	 	 Reorganization Securities
	  	 	39	 
	6.7	 	 Post-Petition Interest
	  	 	40	 
	6.8	 	 Waiver
	  	 	40	 
	6.9	 	 Separate Grants of Security and Separate
Classification
	  	 	40	 
	6.10	 	 Effectiveness in Insolvency or Liquidation Proceedings
	  	 	41	 

  
 i 

Table of Contents

							
	SECTION 7.	 	 Reliance; Waivers; Etc
	  	 	41	 
	7.1	 	 Reliance
	  	 	41	 
	7.2	 	 No Warranties or Liability
	  	 	42	 
	7.3	 	 No Waiver of Lien Priorities
	  	 	42	 
	7.4	 	 Obligations Unconditional
	  	 	44	 
			
	SECTION 8.	 	 Miscellaneous
	  	 	45	 
			
	8.1	 	 Integration/Conflicts
	  	 	45	 
	8.2	 	 Effectiveness; Continuing Nature of this Agreement;
Severability
	  	 	45	 
	8.3	 	 Amendments; Waivers
	  	 	46	 
	8.4	 	 Information Concerning Financial Condition of the ABL Borrower and its
 Subsidiaries
	  	 	46	 
	8.5	 	 Subrogation
	  	 	47	 
	8.6	 	 Application of Payments
	  	 	47	 
	8.7	 	 Submission to Jurisdiction; Certain Waivers
	  	 	47	 
	8.8	 	 WAIVER OF JURY TRIAL.
	  	 	48	 
	8.9	 	 Notices
	  	 	49	 
	8.10	 	 Further Assurances
	  	 	49	 
	8.11	 	 Applicable Law
	  	 	49	 
	8.12	 	 Binding on Successors and Assigns
	  	 	49	 
	8.13	 	 Section Headings
	  	 	50	 
	8.14	 	 Counterparts
	  	 	50	 
	8.15	 	 Authorization
	  	 	50	 
	8.16	 	 No Third Party Beneficiaries/ Provisions Solely to Define Relative Rights

	  	 	50	 
	8.17	 	 Additional New Grantors
	  	 	51	 
			
	SECTION 9.	 	 Collateral Agency with respect to ABL Obligations.
	  	 	51	 
			
	9.1	 	 Appointment and Undertaking of the Pari Passu Collateral
Agent
	  	 	51	 
	9.2	 	 Release or Subordination of Liens on Term Priority
Collateral
	  	 	54	 
	9.3	 	 Enforcement of Liens
	  	 	54	 
	9.4	 	 Application of Proceeds to Holders of ABL Obligations
	  	 	55	 
	9.5	 	 Powers of the Pari Passu Collateral Agent
	  	 	56	 
	9.6	 	 Documents and Communications
	  	 	56	 
	9.7	 	 For Sole and Exclusive Benefit of the ABL Claimholders
	  	 	56	 
	9.8	 	 No Implied Duty
	  	 	56	 
	9.9	 	 Appointment of Agents and Advisors
	  	 	57	 
	9.10	 	 Other Agreements
	  	 	57	 
	9.11	 	 Solicitation of Instructions
	  	 	57	 
	9.12	 	 Limitation of Liability
	  	 	57	 
	9.13	 	 ABL Debt Default
	  	 	57	 
	9.14	 	 Actions by Pari Passu Collateral Agent
	  	 	57	 
	9.15	 	 Limitations on Duty of Pari Passu Collateral Agent in Respect of Term
 Loan Priority Collateral
	  	 	58	 
	9.16	 	 No Liability for Clean Up of Hazardous Materials
	  	 	58	 
	9.17	 	 Resignation or Removal of Pari Passu Collateral Agent
	  	 	59	 

  
 ii 

Table of Contents

							
	9.18	 	 Appointment of Successor Pari Passu Collateral Agent
	  	 	59	 
	9.19	 	 Succession
	  	 	60	 
	9.20	 	 Merger, Conversion or Consolidation of Pari Passu Collateral
Agent
	  	 	60	 
	9.21	 	 Indemnity
	  	 	60	 
	9.22	 	 Entire Agreement
	  	 	61	 

 EXHIBITS 

Exhibit A – Joinder Agreement (Additional New Grantors) 
  

  
 iii 

Table of Contents

 TERM LOAN INTERCREDITOR 

AND COLLATERAL AGENCY AGREEMENT 

This TERM LOAN INTERCREDITOR AND COLLATERAL AGENCY AGREEMENT (as amended, restated, amended and restated, supplemented or otherwise
modified from time to time, this “Agreement”), is dated as of August 29, 2017, and entered into by and among BNP PARIBAS, as collateral agent for the holders of the Term Loan Obligations (as
defined below) (in such capacity and together with its successors and assigns from time to time, the “Term Loan Collateral Agent”), BNP PARIBAS, as collateral agent for the holders of the ABL Obligations (as defined below)
(in such capacity and together with its successors and assigns from time to time, the “Pari Passu Collateral Agent”), BANK OF THE WEST and ING CAPITAL LLC, as joint administrative agent for the holders of the ABL-Cattle Obligations (as defined below) (in such joint capacity and together with their successors and assigns from time to time, the “ABL-Cattle Agent”),
BNP PARIBAS, as collateral agent for the holders of the ABL-Grain Obligations (as defined below) (in such capacity and together with its successors and assigns from time to time, the “ABL-Grain Agent”) and PNC BANK, NATIONAL ASSOCIATION, as agent for the holders of the ABL-Trade Obligations (as defined below) (in such capacity together with
its successors and assigns, the “ABL-Trade Agent”) and acknowledged and agreed to by GREEN PLAINS INC., a Delaware corporation (the “Company”) and the other New
Grantors (as defined below). Capitalized terms used in this Agreement have the meanings assigned to them in Section 1 below. 

RECITALS 
 The
Company, the lenders and agents party thereto, and the Term Loan Collateral Agent have entered into that certain Term Loan Agreement dated as of the date hereof (as amended, restated, amended and restated, supplemented or otherwise modified
from time to time, or, subject to Section 5.3 hereof, Refinanced the “Term Loan Agreement”); 
 Green Plains Cattle
Company LLC, a Delaware limited liability company (“GP Cattle”), the lenders and agents party thereto, and the ABL-Cattle Agent have entered into the Credit Agreement dated as of
December 3, 2014 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time or, subject to Section 5.3 hereof, Refinanced, the “ABL-Cattle Credit
Agreement”); 
 Green Plains Grain Company LLC, a Delaware limited liability company (including in its capacity as successor by
merger to Green Plains Essex Inc., “GP Grain”), the lenders and agents party thereto, and the ABL-Grain Agent have entered into the Credit Agreement dated as of October, 28, 2011 (as amended,
restated, amended and restated, supplemented or otherwise modified from time to time or, subject to Section 5.3 hereof, Refinanced, the “ABL-Grain Credit Agreement”); 

Green Plains Trade Group LLC, a Delaware limited liability company (“GP Trade”), the lenders and agents party thereto, and
the ABL-Trade Agent have 

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entered into the Fourth Amended and Restated Credit and Security Agreement dated as of July 28, 2017 (as amended, restated, amended and restated, supplemented or otherwise modified from time
to time or, subject to Section 5.3 hereof, Refinanced, the “ABL-Trade Credit Agreement”); 

Pursuant to (i) the Term Loan Agreement, the Company has agreed to cause certain current and future Subsidiaries (including, for the
avoidance of doubt, the ABL Priority Collateral Grantors) (in such capacity, all such guarantors, the “Term Loan Guarantors” and together with the Company, the “Term Loan Obligors”) to agree to guarantee the
Term Loan Obligations pursuant to a Guaranty (the “Term Loan Guaranty”) and (ii) that certain Guaranty dated as of the date hereof, the New Grantors have agreed to guarantee the
ABL-Cattle Obligations; (iii) that certain Guaranty dated as of the date hereof, the New Grantors have agreed to guarantee the ABL-Grain Obligations; and
(iv) that certain Guaranty dated as of the date hereof, the the New Grantors have agreed to guarantee the ABL-Trade Obligations. 

To secure the Term Loan Obligations, (i) the ABL-Cattle Grantor will grant a Lien on
substantially all of its assets (the “ABL-Cattle Priority Collateral”) to the Term Loan Collateral Agent pursuant to the terms of the Term-Cattle Collateral Documents, (ii) each ABL-Grain Grantor will grant a Lien on substantially all of its assets (the “ABL-Grain Priority Collateral”) to the Term Loan Collateral Agent pursuant
to the terms of the Term-Grain Collateral Documents, (iii) each ABL-Trade Grantor will grant a Lien on substantially all of its assets (the “ABL-Trade
Priority Collateral”) to the Term Loan Collateral Agent pursuant to the terms of the Term-Trade Collateral Documents, and (iv) each Term Loan Obligor (including the New Grantors but excluding the ABL Priority Collateral
Grantors) have agreed to grant Liens on substantially all of the assets of such Term Loan Obligor pursuant to the terms of the Term Loan Documents. 

To secure the ABL-Cattle Obligations, (i) the ABL-Cattle
Grantor has granted a Lien on substantially all of its assets to the ABL-Cattle Agent pursuant to the ABL-Cattle Collateral Documents and (ii) concurrently with the
execution and delivery of this Agreement, each New Grantor will grant Liens on substantially all of the assets of such New Grantor to the Pari Passu Collateral Agent for the benefit of the holders of the
ABL-Cattle Obligations, the holders of the ABL-Grain Obligations and the holders of the ABL-Trade Obligations, on a pari passu
basis (except with respect to Declined Real Property Liens on applicable Real Property securing the Series of ABL Obligations with the Declined Real Property Liens), pursuant to the terms of the Pari Passu Collateral Documents. 

To secure the ABL-Grain Obligations, (i) each ABL-Grain
Grantor has granted a Lien on substantially all of its assets to the ABL-Grain Agent pursuant to the ABL-Grain Collateral Documents and (ii) concurrently with the
execution and delivery of this Agreement, each New Grantor will grant Liens on substantially all of the assets of such New Grantor to the Pari Passu Collateral Agent for the benefit of the holders of the
ABL-Grain Obligations, the holders of the ABL-Cattle Obligations and the holders of the ABL-Trade Obligations, on a pari passu
basis (except with respect to Declined Real Property Liens on applicable Real Property securing the Series of ABL Obligations with the Declined Real Property Liens), pursuant to the terms of the Pari Passu Collateral Documents. 

  
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 To secure the ABL-Trade Obligations, (i) each ABL-Trade Grantor has granted a Lien on substantially all of its assets to the ABL-Trade Agent pursuant to the ABL-Trade Collateral
Documents and (ii) concurrently with the execution and delivery of this Agreement, each New Grantor will grant Liens on substantially all of the assets of such New Grantor to the Pari Passu Collateral Agent for the benefit of the holders of the
ABL-Trade Obligations, the holders of the ABL-Cattle Obligations and the holders of the ABL-Grain Obligations, on a pari passu
basis (except with respect to Declined Real Property Liens on applicable Real Property securing the Series of ABL Obligations with the Declined Real Property Liens), pursuant to the terms of the Pari Passu Collateral Documents. 

Concurrently with the execution and delivery of this Agreement, (i) the ABL-Cattle Agent and the
Term Loan Collateral Agent will enter into the ABL-Cattle Intercreditor Agreement pursuant to which the ABL-Cattle Agent and the Term Loan Collateral Agent will set
forth their respective Lien priorities in, and rights and remedies with respect to, the ABL-Cattle Priority Collateral, (ii) the ABL-Grain Agent and the Term Loan
Collateral Agent will enter into the ABL-Grain Intercreditor Agreement pursuant to which the ABL-Grain Agent and the Term Loan Collateral Agent will set forth their
respective Lien priorities in, and rights and remedies with respect to, the ABL-Grain Priority Collateral and (iii) the ABL-Trade Agent and the Term Loan Collateral
Agent will enter into the ABL-Trade Intercreditor Agreement pursuant to which the ABL-Trade Agent and the Term Loan Collateral Agent will set forth their respective Lien
priorities in, and rights and remedies with respect to, the ABL-Trade Priority Collateral. 
 The
Term Loan Obligations are to be secured (i) by Liens on the Term Priority Collateral granted by the New Grantors that are senior in priority to the Liens securing the ABL Obligations on the Term Loan Priority Collateral pursuant to the terms of
this Agreement, (ii) by Liens on the ABL-Cattle Priority Collateral of the ABL-Cattle Grantors that are junior in priority to the Liens securing the ABL-Cattle Obligations on the ABL-Cattle Priority Collateral of the ABL-Cattle Grantors pursuant to the terms of the ABL-Cattle Intercreditor Agreement, (iii) by Liens on the ABL-Grain Priority Collateral of the ABL-Grain Grantors that are junior
in priority to the Liens securing the ABL-Grain Obligations on the ABL-Grain Priority Collateral of the ABL-Grain Grantors
pursuant to the terms of the ABL-Grain Intercreditor Agreement, (iv) by Liens on the ABL-Trade Priority Collateral of the
ABL-Trade Grantors that are junior in priority to the Liens securing the ABL-Trade Obligations on the ABL-Trade Priority
Collateral of the ABL-Trade Grantors pursuant to the terms of the ABL-Trade Intercreditor Agreement. The ABL Loan Documents and the Term Loan Documents provide, among
other things, that the parties thereto shall set forth in this Agreement their respective rights and remedies with respect to the Term Loan Priority Collateral; 

The ABL-Cattle Obligations are to be secured (i) by Liens on the
ABL-Cattle Priority Collateral of the ABL-Cattle Grantor that are senior in priority to the Liens 

  
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securing the Term Loan Obligations on the ABL-Cattle Priority Collateral of the ABL-Cattle Grantors pursuant to the
terms of the ABL-Cattle Intercreditor Agreement and (ii) by Liens on the Term Loan Priority Collateral of the New Grantors that are junior in priority to the Liens securing the Term Loan Obligations on
the Term Loan Priority Collateral of the New Grantors pursuant to the terms of this Agreement; 
 The
ABL-Grain Obligations are to be secured (i) by Liens on the ABL-Grain Priority Collateral of the ABL-Grain Grantors that are
senior in priority to the Liens securing the Term Loan Obligations on the ABL-Grain Priority Collateral of the ABL-Grain Grantors pursuant to the terms of the ABL-Grain Intercreditor Agreement and (ii) by Liens on the Term Loan Priority Collateral of the New Grantors that are junior in priority to the Liens securing the Term Loan Obligations on the Term Loan Priority
Collateral of the New Grantors pursuant to the terms of this Agreement; 
 The ABL-Trade Obligations
are to be secured (i) by Liens on the ABL-Trade Priority Collateral of the ABL-Trade Grantors that are senior in priority to the Liens securing the Term Loan
Obligations on the ABL-Trade Priority Collateral of the ABL-Trade Grantors pursuant to the terms of the ABL-Trade Intercreditor
Agreement and (ii) by Liens on the Term Loan Priority Collateral of the New Grantors that are junior in priority to the Liens securing the Term Loan Obligations on the Term Loan Priority Collateral of the New Grantors pursuant to the terms of
this Agreement; and 
 In consideration of the foregoing, the mutual covenants and obligations herein set forth and for other good and
valuable consideration, the sufficiency and receipt of which are hereby acknowledged, each of the ABL Agent (on behalf of each ABL Claimholder), the Pari Passu Collateral Agent and the Term Loan Collateral Agent (on behalf of each Term Loan
Claimholder), intending to be legally bound, hereby agrees as follows: 
 AGREEMENT 

SECTION 1.     Definitions. 

1.1     Defined Terms. As used in this Agreement, the following terms shall have the
following meanings: 
 “ ABL Adequate Protection Payments” has the meaning set forth in Section 6.3(b). 

“ABL Agent” means ABL-Cattle Agent, ABL-Grain
Agent and/or ABL-Trade Agent, as the context may require. 
 “ABL Borrower” means
GP Cattle, GP Grain and/or GP Trade, as the context may require. 
 “ABL-Cattle
Agent” has the meaning set forth in the Preamble to this Agreement. 

  
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 “ABL-Cattle Claimholders” means, at any
relevant time, the holders of ABL-Cattle Obligations at that time, including the lenders and the agents under the ABL-Cattle Loan Documents. 

“ABL-Cattle Credit Agreement” has the meaning set forth in the Recitals to this
Agreement. 
 “ABL-Cattle Debt” means the
ABL-Cattle Obligations. 
 “ABL-Cattle
Grantor” means GP Cattle. For avoidance of doubt, neither the Company nor any other New Grantor shall be an ABL-Cattle Grantor. 

“ABL-Cattle Intercreditor Agreement” means the ABL Intercreditor Agreement dated as
of the date hereof, between the ABL-Cattle Agent and the Term Loan Collateral Agent, and acknowledged and agreed to by the ABL-Cattle Grantor, as such agreement may be
amended, restated, amended and restated, supplemented or otherwise modified from time to time. 

“ABL-Cattle Loan Documents” means the
ABL-Cattle Credit Agreement and the Loan Documents (as defined in the ABL-Cattle Credit Agreement), including the Pari Passu Collateral Documents and each of the other
agreements, documents and instruments entered into for the purpose of evidencing, governing, securing or perfecting the ABL-Cattle Obligations and any other document or instrument executed or delivered at any
time in connection with any ABL-Cattle Obligations, including any intercreditor or joinder agreement among holders of ABL-Cattle Obligations, to the extent such are
effective at the relevant time, as each may be amended, restated, amended and restated, supplemented, replaced or Refinanced or otherwise modified from time to time in accordance with the provisions of this Agreement. 

“ABL-Cattle Obligations” means the “Secured Obligations” or similar term as
defined in the ABL-Cattle Credit Agreement. 

“ABL-Cattle Priority Collateral” means “ABL Priority Collateral” as defined
in the ABL-Cattle Intercreditor Agreement; provided, for avoidance of doubt, ABL-Cattle Priority Collateral shall, at no time, include any assets or property,
whether real, personal or mixed, of any Person other than the assets and property of the ABL-Cattle Grantor. 

“ABL-Cattle Priority Collateral Documents” means any agreement, document or
instrument, in each case pursuant to which a Lien is granted by the ABL-Cattle Grantor on ABL-Cattle Priority Collateral or pursuant to which any such Lien is perfected.

 “ABL Claimholders” means the ABL-Cattle Claimholders, the ABL-Grain Claimholders and/or the ABL-Trade Claimholders, as the context may require, and for avoidance of doubt, shall include the Pari Passu Collateral Agent. 

  
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 “ABL Controlling Agent” means, (a) other than in connection with an
Enforcement Action with respect to Term Loan Priority Collateral, the ABL Agent representing the holders of the ABL Obligations with the largest sum of (i) outstanding principal amount of ABL Obligations (including the undrawn face amount of
any such ABL Obligations comprised of letters of credit and any ABL Obligations owed to a Swap Party) and (ii) the aggregate unfunded commitments to extend credit which, when funded, would constitute ABL Obligations and (b) in connection
with an Enforcement Action in respect of Term Loan Priority Collateral, the ABL Agent or ABL Agents representing, or acting at the direction of, the holders of more than 50% of the aggregate outstanding principal amount of ABL Obligations (including
the undrawn face amount of letters of credit and any ABL Obligations owed to a Swap Party); provided, that solely for purposes of a Pari Passu Collateral Document pursuant to which a Lien is granted to the Pari Passu Collateral Agent on any
Real Property and such Real Property is subject to a Declined Real Property Lien and any provisions of this Agreement (other than Section 9.1(a)(6) as it relates to amendments and supplements to this Agreement), with respect to any Real
Property that does not secure any Series of ABL Obligations as a result of a Declined Real Property Lien for such Series of ABL Obligations, the amount of ABL Obligations for such Series of ABL Obligations in respect of such Real Property or any
proceeds thereof shall be zero. For these purposes, each holder of ABL Obligations will cast its votes in accordance with the applicable ABL Credit Agreement governing such ABL Obligations. Following and in accordance with the outcome of the
applicable vote under its ABL Credit Agreement, the ABL Agent of particular ABL Obligations will cast all of its votes under such ABL Obligations as a block in respect of any vote under this Agreement. 

“ABL Credit Agreement” means the ABL-Cattle Credit Agreement, the ABL-Grain Credit Agreement and/or the ABL-Trade Credit Agreement, as the context may require. 

“ABL Debt” means the ABL-Cattle Debt, the
ABL-Grain Debt and the ABL-Trade Debt. 
 “ABL Debt
Default” means any event or condition that, under the terms of any ABL Credit Agreement causes, or permits holders of ABL Debt outstanding thereunder (with or without the giving of notice or lapse of time, or both, and whether or not notice
has been given or time has lapsed) to cause, the ABL Debt outstanding thereunder to become immediately due and payable. 
 “ABL-Grain Claimholders” means, at any relevant time, the holders of ABL-Grain Obligations at that time, including the ABL Secured Parties (as defined in the ABL-Grain Intercreditor Agreement), lenders and the agents under the ABL-Grain Loan Documents. 

“ABL-Grain Agent” has the meaning set forth in the Recitals to this Agreement. 

  
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 “ABL-Grain Credit Agreement” has the
meaning set forth in the Recitals to this Agreement. 
 “ABL-Grain Debt” means the ABL-Grain Obligations. 
 “ABL-Grain Grantor”
means GP Grain and each Subsidiary of GP Grain that has or may from time to time hereafter execute and deliver any ABL-Grain Priority Collateral Document as a “grantor” or “pledgor” (or the
equivalent thereof) to secure any ABL-Grain Obligations. For avoidance of doubt, neither the Company nor any other New Grantor shall be an ABL-Grain Grantor. 

“ABL-Grain Intercreditor Agreement” means the ABL Intercreditor Agreement dated as of
the date hereof, between the ABL-Grain Agent and the Term Loan Collateral Agent, and acknowledged and agreed to by the ABL-Grain Grantors, as such agreement may be
amended, restated, amended and restated, supplemented or otherwise modified from time to time. 

“ABL-Grain Loan Documents” means the
ABL-Grain Credit Agreement and the Loan Documents (as defined in the ABL-Grain Credit Agreement), including the Pari Passu Collateral Documents and each of the other
agreements, documents and instruments entered into for the purpose of evidencing, governing, securing or perfecting the ABL-Grain Obligations and any other document or instrument executed or delivered at any
time in connection with any ABL-Grain Obligations, including any intercreditor or joinder agreement among holders of ABL-Grain Obligations, to the extent such are
effective at the relevant time, as each may be amended, restated, amended and restated, supplemented, replaced or Refinanced or otherwise modified from time to time in accordance with the provisions of this Agreement. 

“ABL-Grain Obligations” means the “Obligations” or similar term as defined
in the ABL-Grain Credit Agreement. 
 “ABL-Grain
Priority Collateral” means “ABL Priority Collateral” as defined in the ABL-Grain Intercreditor Agreement; provided, for avoidance of doubt,
ABL-Grain Priority Collateral shall, at no time, include any assets or property, whether real, personal or mixed, of any Person other than the assets and property of the
ABL-Grain Grantors. 
 “ABL-Grain Priority
Collateral Documents” means any agreement, document or instrument, in each case pursuant to which a Lien is granted by an ABL-Grain Grantor on ABL-Grain
Priority Collateral or pursuant to which any such Lien is perfected. 
 “ABL Intercreditor Agreement” means, the ABL-Cattle Intercreditor Agreement, the ABL-Grain Intercreditor Agreement and/or the ABL-Trade Intercreditor Agreement, as the context
may require. 

  
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 “ABL Loan Documents” means the
ABL-Cattle Loan Documents, the ABL-Grain Loan Documents and/or the ABL-Trade Loan Documents, as the context may require and shall
for avoidance of doubt, include the Pari Passu Collateral Documents. 
 “ABL Obligations” means the ABL-Cattle Obligations, the ABL-Grain Obligations and/or the ABL-Trade Obligations, as the context may require. 

“ABL Priority Collateral” means the ABL-Cattle Priority Collateral, the ABL-Grain Priority Collateral and/or the ABL-Trade Priority Collateral, as the context may require. 

“ABL Priority Collateral Documents” means the ABL-Cattle Priority Collateral
Documents, the ABL-Grain Priority Collateral Documents and/or the ABL-Trade Priority Collateral Documents, as the context may require. 

“ABL Priority Collateral Grantor” means each ABL-Cattle Grantor, ABL-Grain Grantor and/or ABL-Trade Grantor. 
 “ABL Pro
Rata Percentage” means, with respect to any Series of ABL Obligations, the percentage calculated by dividing (a) the aggregate outstanding amount of such Series of ABL Obligations (taking into account Bank Product Obligations, the
undrawn face amount of any such ABL Obligations comprised of letters of credit and any ABL Obligations owed to a Swap Party that are secured pursuant to any applicable ABL Loan Document, but in each case only to the extent deducted from or reserved
under the borrowing base under the applicable ABL Loan Documents and expressly excluding any other contingent obligations not then liquidated), by (b) the aggregate amount of all ABL Obligations of all ABL Claimholders (taking into account Bank
Product Obligations, the undrawn face amount of any such ABL Obligations comprised of letters of credit and any ABL Obligations owed to a Swap Party that are secured pursuant to any applicable ABL Loan Document, but in each case only to the extent
deducted from or reserved under the borrowing base under the applicable ABL Loan Documents and expressly excluding any other contingent obligations not then liquidated); provided, that solely for purposes of Section 9.4 of this
Agreement, with respect to any Real Property that does not secure any Series of ABL Obligations as a result of a Declined Real Property Lien for such Series of ABL Obligations, the ABL Pro Rata Percentage for such Series of ABL Obligations in
respect of such Real Property and any proceeds thereof shall be zero. 
 “ABL-Trade
Claimholders” means, at any relevant time, the holders of ABL-Trade Obligations at that time, including the lenders and the agents under the ABL-Trade Loan
Documents. 
 “ABL-Trade Agent” has the meaning set forth in the Recitals to this
Agreement. 
 “ABL-Trade Credit Agreement” has the meaning set forth in the
Recitals to this Agreement. 

  
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 “ABL-Trade Debt” means the Indebtedness
now or hereafter incurred pursuant to the ABL-Trade Loan Documents. 
 “ABL-Trade Grantor” means GP Trade, GP Commodity and each Subsidiary of GP Trade or GP Commodity that has or may from time to time hereafter execute and deliver any
ABL-Grain Priority Collateral Document as a “grantor” or “pledgor” (or the equivalent thereof) to secure any ABL-Trade Obligations. 

“ABL-Trade Intercreditor Agreement” means the ABL Intercreditor Agreement dated as of
the date hereof, between the ABL-Trade Agent and the Term Loan Collateral Agent, and acknowledged and agreed to by the ABL-Trade Grantors, as such agreement may be
amended, restated, amended and restated, supplemented or otherwise modified from time to time. 

“ABL-Trade Loan Documents” means the
ABL-Trade Credit Agreement and the Other Documents (as defined in the ABL-Trade Credit Agreement), including the Pari Passu Collateral Documents and each of the other
agreements, documents and instruments entered into for the purpose of evidencing, governing, securing or perfecting the ABL-Trade Obligations and any other document or instrument executed or delivered at any
time in connection with any ABL-Trade Obligations, including any intercreditor or joinder agreement among holders of ABL-Trade Obligations, to the extent such are
effective at the relevant time, as each may be amended, restated, amended and restated, supplemented, replaced or Refinanced or otherwise modified from time to time in accordance with the provisions of this Agreement. 

“ABL-Trade Obligations” means the “Obligations” or similar term as defined
in the ABL-Trade Credit Agreement. 
 “ABL-Trade
Priority Collateral” means “ABL Priority Collateral” as defined in the ABL-Trade Intercreditor Agreement; provided, for avoidance of doubt,
ABL-Trade Priority Collateral shall, at no time, include any assets or property, whether real, personal or mixed, of any Person other than the assets and property of the
ABL-Trade Grantors. 
 “ABL-Trade Priority
Collateral Documents” means any agreement, document or instrument, in each case pursuant to which a Lien is granted by an ABL-Trade Grantor on ABL-Trade
Priority Collateral or pursuant to which any such Lien is perfected. 
 “Affiliate” means, with respect to a specified
Person, (a) any other Person that, directly or indirectly, Controls, is Controlled by or is under common Control with the Person specified or is a director or officer of the Person specified or (b) any other Person that directly or
indirectly owns 10% or more of any class of equity interests of the Person specified. 
 “Agreement” has the meaning set
forth in the Preamble to this Agreement. 

  
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 “Bank Product Obligations” means, all obligations and liabilities (whether
direct or indirect, absolute or contingent, due or to become due or now existing or hereafter incurred) of any ABL Priority Collateral Grantor, whether on account of principal, interest, reimbursement obligations, fees, indemnities, costs, expenses
or otherwise, which may arise under, out of, or in connection with credit cards, credit card processing services, debit cards and stored value cards, purchase cards, ACH transactions, any treasury, investment, depository, clearing house, wire
transfer, cash management or automated clearing house transfers of funds services or any related services, to any Person permitted to be a secured party in respect of such obligations under the applicable ABL Loan Documents. 

“Bankruptcy Case” means a case under the Bankruptcy Code or any other Bankruptcy Law. 

“Bankruptcy Code” means Title 11 of the United States Code entitled “Bankruptcy,” as now and hereafter in
effect, or any successor statute. 
 “Bankruptcy Law” means the Bankruptcy Code and any similar federal, state or foreign
law for the relief of debtors. 
 “Business Day” means a day other than a Saturday, Sunday or other day on which commercial
banks in New York City are authorized or required by law to close. 
 “Claimholders” means the Term Loan Claimholders
and/or the ABL Claimholders, as the context may require. 
 “Collateral Agent” means any Pari Passu Collateral Agent and/or
any Term Loan Collateral Agent, as the context may require. 
 “Collateral Documents” means the Term Collateral Documents
and the Pari Passu Collateral Documents. 
 “Company” has the meaning set forth in the Recitals to this Agreement. 

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

“Declined Real Property Lien” means a Lien on any Real Property of any New Grantor that any ABL Agent states in writing to
the Company, the Pari Passu Collateral Agent and the other ABL Agents that such ABL Agent expressly declines, on behalf of the ABL Claimholders represented by it, to accept a Lien on such Real Property to secure such Series of ABL Obligations. 

“DIP Financing” has the meaning set forth in Section 6.1. 

  
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 “Discharge of ABL Obligations” means the Discharge of Series of ABL Obligations
for each Series of ABL Obligations. 
 “Discharge of Series of ABL Obligations” means, except to the extent
otherwise expressly provided in Section 5.6, each of the following has occurred with respect to any Series of ABL Obligations: 

(a)     payment in full in cash of the principal of and interest (including interest accruing on or after the commencement
of any Insolvency or Liquidation Proceeding, whether or not such interest would be allowed in such Insolvency or Liquidation Proceeding), on all Indebtedness outstanding under the ABL Loan Documents of such Series of ABL Obligations; 

(b)     payment in full in cash of all Hedging Obligations and Bank Product Obligations constituting ABL Obligations of
such Series of ABL Obligations or the cash collateralization of all such Hedging Obligations and Bank Product Obligations on terms satisfactory to each applicable counterparty (or the making of other arrangements satisfactory to the applicable
counterparty); 
 (c)     payment in full in cash of all other ABL Obligations of such Series of ABL Obligations that are
due and payable or otherwise accrued and owing at or prior to the time such principal and interest are paid (other than any indemnification obligations for which no claim or demand for payment, whether oral or written, has been made at such time);

 (d)     termination or expiration of all commitments, if any, to extend credit that would constitute ABL Obligations
of such Series of ABL Obligations; and 
 (e)     termination or cash collateralization (in an amount and manner
reasonably satisfactory to the applicable letter of credit issuer, but in no event greater than 105% of the aggregate undrawn face amount), or the making of other arrangements satisfactory to the applicable letter of credit issuer of all letters of
credit issued under the ABL Loan Documents of such Series of ABL Obligations; 
 provided, that the Discharge of Series of ABL Obligations shall be
deemed not to have occurred if any ABL Loan Document of such Series of ABL Obligations is Refinanced in accordance with Section 5.3 and such Refinanced Indebtedness is then in effect and has not itself been Discharged or Refinanced in
accordance with Section 5.3. 
 “Discharge of Term Loan Obligations” means, except to the extent otherwise
expressly provided in Section 5.6, each of the following has occurred: 
 (a)     payment in full in cash of the
principal of and interest (including interest accruing on or after the commencement of any Insolvency or Liquidation Proceeding, whether or not such interest would be allowed in such Insolvency or Liquidation Proceeding), on all Indebtedness
outstanding under the Term Loan Documents; 

  
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 (b)     payment in full in cash of all Hedging Obligations constituting Term
Loan Obligations or the cash collateralization of all such Hedging Obligations on terms satisfactory to each applicable counterparty (or the making of other arrangements satisfactory to the applicable counterparty); 

(c)     payment in full in cash of all other Term Loan Obligations that are due and payable or otherwise accrued and owing
at or prior to the time such principal and interest are paid (other than any indemnification obligations for which no claim or demand for payment, whether oral or written, has been made at such time); and 

(d)     termination or expiration of all commitments, if any, to extend credit that would constitute Term Loan Obligations;

 provided, that the Discharge of Term Loan Obligations shall be deemed not to have occurred if any Term Loan Document is Refinanced in accordance
with Section 5.3 and such Refinanced Indebtedness is then in effect and has not itself been Discharged or Refinanced in accordance with Section 5.3. 

“Disposition” has the meaning set forth in Section 5.1(b). 

“Enforcement Action” means any action to: 

(a)     foreclose, execute, levy, or collect on, take possession or control of (other than for purposes of perfection),
sell or otherwise realize upon (judicially or non-judicially), or lease, license, or otherwise dispose of (whether publicly or privately), Term Loan Priority Collateral, or otherwise exercise or enforce
remedial rights with respect to Term Loan Priority Collateral under the Term Loan Documents or the ABL Loan Documents, including any Pari Passu Collateral Documents (including by way of setoff, recoupment, notification of a public or private sale or
other disposition pursuant to the UCC or other applicable law, notification to account debtors, notification to depositary banks under deposit account control agreements, or exercise of rights under landlord consents, if applicable); 

(b)     solicit bids from third Persons, approve bid procedures for any proposed disposition of Term Loan Priority
Collateral, to conduct the liquidation or disposition of Term Loan Priority Collateral or engage or retain sales brokers, marketing agents, investment bankers, accountants, appraisers, auctioneers, or other third Persons for the purposes of valuing,
marketing, promoting, and selling Term Loan Priority Collateral; 
 (c)     receive a transfer of Term Loan Priority
Collateral in satisfaction of Indebtedness or any other Obligation secured thereby; 
 (d)     otherwise enforce a
security interest or exercise another right or remedy, as a secured creditor or otherwise, pertaining to the Term Loan Priority Collateral at law, in equity, or pursuant to the Term Loan Documents or ABL Loan Documents, including any Pari Passu
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legal proceedings or other actions with respect to all or any portion of the Term Loan Priority Collateral to facilitate the actions described in the preceding clauses, and exercising voting
rights in respect of equity interests comprising Term Loan Priority Collateral); or 
 (e)    effectuate or cause the
Disposition of Term Loan Priority Collateral by any New Grantor after the occurrence and during the continuation of an event of default under the Term Loan Documents or the ABL Loan Documents with the consent of the Term Loan Collateral Agent (or
Term Loan Claimholders) or the Pari Passu Collateral Agent (or ABL Claimholders), as applicable. 
 “Governmental
Authority” means any federal, state, municipal, national or other government, governmental department, commission, board, bureau, court, agency or instrumentality or political subdivision thereof or any entity or officer exercising
executive, legislative, judicial, regulatory or administrative functions of or pertaining to any government or any court, in each case whether associated with a state of the United States, the United States, or a foreign entity or government. 

“GP Cattle” has the meaning set forth in the Recitals to this Agreement. 

“GP Commodity” means Green Plains Commodity Management LLC. 

“GP Grain” has the meaning set forth in the Recitals to this Agreement. 

“GP Trade” has the meaning set forth in the Recitals to this Agreement. 

“Hedge Agreement” means a Swap Contract entered into by an ABL Priority Collateral Grantor with a counterparty as
permitted under the ABL Loan Documents of the applicable Series of ABL Obligations. 
 “Hedging Obligation” of any Person
means any obligation of such Person pursuant to any Hedge Agreement. 
 “Indebtedness” means and includes all indebtedness
for borrowed money; for the avoidance of doubt, “Indebtedness” shall not include reimbursement or other obligations in respect of letters of credit or Hedging Obligations. 

“Insolvency or Liquidation Proceeding” means: 

(a)     any voluntary or involuntary case or proceeding under the Bankruptcy Code with respect to any New Grantor; 

(b)     any other voluntary or involuntary insolvency, reorganization or Bankruptcy Case or proceeding, or any
receivership, liquidation, reorganization or other similar case or proceeding with respect to any New Grantor or with respect to a material portion of their respective assets; 

  
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 (c)     any liquidation, dissolution, reorganization or winding up of any New
Grantor whether voluntary or involuntary and whether or not involving insolvency or bankruptcy; or 
 (d)    any
assignment for the benefit of creditors or any other marshaling of assets and liabilities of any New Grantor. 
 “Joinder
Agreement” means a supplement to this Agreement in the form of Exhibit A hereto required to be executed pursuant to Section 8.17 hereof. 

“Lien” means any lien (including, judgment liens and liens arising by operation of law), mortgage, pledge, assignment,
security interest, charge or encumbrance of any kind (including any agreement to give any of the foregoing, any conditional sale or other title retention agreement, and any lease in the nature thereof) and any option, call, trust (whether
contractual, statutory, deemed, equitable, constructive, resulting or otherwise), UCC financing statement or other preferential arrangement having the practical effect of any of the foregoing, including any right of
set-off or recoupment. 
 “New ABL Agent” has the meaning set forth in
Section 5.6(b). 
 “New ABL Debt Notice” has the meaning set forth in Section 5.6(b). 

“New Grantor” means the Company and each Subsidiary (other than any ABL Priority Collateral Grantor) of the Company that has
or may from time to time hereafter execute and deliver any Pari Passu Collateral Document, any other ABL Loan Document, any Term Loan Collateral Document or any other Term Loan Document, in each case, as a “grantor” or “pledgor”
(or the equivalent thereof) to secure any ABL Obligations or Term Loan Obligations, as the case may be. 
 “New Term Loan
Agent” has the meaning set forth in Section 5.6(a). 
 “New Term Debt Notice” has the meaning set
forth in Section 5.6(a). 
 “Obligations” means all obligations of every nature (including Bank Product Obligations)
of each New Grantor from time to time owed to any agent or trustee, the ABL Claimholders, the Term Loan Claimholders or any of them or their respective Affiliates, in each case, under the ABL Loan Documents, the Term Loan Documents or Hedge
Agreements, whether for principal, interest or payments for early termination of Swap Contracts, fees, expenses, indemnification or otherwise and all guarantees of any of the foregoing and including any interest and fees that accrue after the
commencement by or against any Person of any proceeding under any Bankruptcy Law naming such Person as the debtor in such proceeding, regardless of whether such interest and fees are allowed claims in such proceeding. 

  
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 “Officer’s Certificate” means a certificate with respect to compliance with
a condition or covenant provided for in this Agreement, signed on behalf of the Company by two officers of the Company, one of whom must be the principal executive officer, the principal financial officer, the treasurer or the principal accounting
officer of the Company, including: 
 (a)     a statement that the Person making such certificate has read such covenant
or condition; 
 (b)     a brief statement as to the nature and scope of the examination or investigation upon which the
statements or opinions contained in such certificate are based; 
 (c)     a statement that, in the opinion of such
Person, he or she has made such examination or investigation as is necessary to enable him or her to express an informed opinion as to whether or not such covenant or condition has been satisfied; and 

(d)     a statement as to whether or not, in the opinion of such Person, such condition or covenant has been satisfied.

 “Pari Passu Collateral Agent” has the meaning set forth in the Preamble to this Agreement. 

“Pari Passu Collateral Documents” means any agreement, document or instrument, in each case pursuant to which a Lien is
granted by a New Grantor to the Pari Passu Collateral Agent securing any ABL Obligations or pursuant to which any such Lien is perfected. 

“Pay-Over Amount” has the meaning set forth in Section 6.3(b). 

“Person” means any natural person, corporation, limited liability company, trust, joint venture, association, company,
partnership, limited partnership, Governmental Authority or other entity. 
 “Post-Petition Interest” means interest, fees,
expenses and other charges that pursuant to the ABL Loan Documents or the Term Loan Documents, as applicable, continue to accrue after the commencement of any Insolvency or Liquidation Proceeding, whether or not such interest, fees, expenses and
other charges are allowed or allowable under the Bankruptcy Law or in any such Insolvency or Liquidation Proceeding. 
 “Purchase
Price” has the meaning set forth in Section 5.7. 
 “Real Property” means any real property of any New
Grantor on which a Lien has been granted to secure Term Loan Obligations pursuant to a Term Loan Document and a Lien has been granted to secure ABL Obligations pursuant to a Pari Passu Collateral Document. 

“Recovery” has the meaning set forth in Section 6.5. 

“Refinance” means, in respect of any Indebtedness, to refinance, extend, renew, defease, amend, modify, supplement,
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issue other Indebtedness in exchange or replacement for, such Indebtedness in whole or in part and regardless of whether the principal amount of such Refinancing Indebtedness is the same, greater
than or less than the principal amount of the Refinanced Indebtedness. “Refinanced” and “Refinancing” shall have correlative meanings. 

“Series of ABL Obligations” means, severally, the ABL-Cattle Obligations, the ABL-Grain Obligations and the ABL-Trade Obligations. 

“Short Fall” has the meaning set forth in Section 6.3(b). 

“Subsidiary” means, as to any Person, a corporation, partnership, limited liability company or other entity of which shares
of stock or other ownership interests having ordinary voting power (other than stock or such other ownership interests having such power only by reason of the happening of a contingency) to elect a majority of the board of directors or other
managers of such corporation, partnership or other entity are at the time owned, or the management of which is otherwise controlled, directly or indirectly through one or more intermediaries, or both, by such Person. 

“Swap Contract” means (a) any and all interest rate swap transactions, basis swaps, credit derivative transactions,
forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options for forward bond or forward bond price or forward bond index
transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, or any other
similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, (b) any and all transactions of
any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master
Agreement, or any other master agreement (any such master agreement, together with any related schedules, a “Master Agreement”), including such obligations or liabilities under any Master Agreement and (c) any “Swap
Contract” as defined in any of the ABL Intercreditor Agreements. 
 “Swap Party” means a counterparty to any Hedge
Agreement. 
 “Term Loan Agreement” has the meaning set forth in the Recitals to this Agreement. 

“Term Loan Claimholders” means, at any relevant time, the holders of Term Loan Obligations at that time, including the Term
Loan Lenders and the agents under the Term Loan Documents. 
 “Term Loan Collateral Documents” means the Collateral
Documents (as defined in the Term Loan Agreement) and any other agreement, document or instrument, in each case pursuant to which a Lien is granted by a New Grantor securing any Term Loan Obligations or pursuant to which any such Lien is perfected.

  
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 “Term Loan Collateral Agent” has the meaning set forth in the Recitals in this
Agreement. 
 “Term Loan Debt” means the Indebtedness now or hereafter incurred pursuant to the Term Loan Documents. 

“Term Loan Documents” means the Term Loan Agreement and the Loan Documents (as defined in the Term Loan Agreement) and each
of the other agreements, documents and instruments entered into for the purpose of evidencing, governing, securing or perfecting the Term Loan Obligations, and any other document or instrument executed or delivered at any time in connection with any
Term Loan Obligations, including any intercreditor or joinder agreement among holders of Term Loan Obligations to the extent such are effective at the relevant time, as each may be amended, restated, amended and restated, supplemented, replaced or
Refinanced or otherwise modified from time to time in accordance with the provisions of this Agreement. 
 “Term Loan
Guarantors” has the meaning set forth in the Recitals to this Agreement. 
 “Term Loan Guaranty” has the meaning
set forth in the Recitals to this Agreement. 
 “Term Loan Lenders” means the “Lenders” under and as defined in
the Term Loan Agreement. 
 “Term Loan Mortgages” means a collective reference to each mortgage, deed of trust and any
other document or instrument under which any Lien on real property owned or leased by any New Grantor is granted to secure any Term Loan Obligations or under which rights or remedies with respect to any such Liens are governed. 

“Term Loan Obligations” means all “ Obligations” or similar term as defined in the Term Loan Agreement. 

“Term Loan Obligors” has the meaning set forth in the Recitals to this Agreement. 

“Term Loan Pledged Collateral” has the meaning set forth in Section 5.5. 

“Term Loan Priority Collateral” means, at any time, all of the assets and property of any New Grantor, whether real, personal
or mixed, in which the holders of Term Loan Obligations (or any agent therefor including the Term Loan Collateral Agent) and the holders of ABL Obligations (or any agent therefor including the Pari Passu Collateral Agent) hold, purport to hold or
are required to hold, a security interest at such 

  
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time (or, in the case of the Term Loan Obligations, are deemed pursuant to Section 2 to hold a security interest), including any property of any New Grantor subject to Liens granted pursuant
to Section 6 to secure both Term Loan Obligations and ABL Obligations. For the avoidance of doubt, Term Loan Priority Collateral shall, at no time, include any assets or property, whether real, personal or mixed, of any Person other than the
assets and property of the New Grantors. 
 “UCC” means the Uniform Commercial Code (or any similar or equivalent
legislation) as in effect in any applicable jurisdiction. 
 1.2    Terms Generally.
The definitions of terms in this Agreement shall apply equally to the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words
“include,” “includes” and “including” shall be deemed to be followed by the phrase “without limitation.” The word “will” shall be construed to have the same meaning and effect as the word
“shall.” Unless the context requires otherwise: 
 (a)    any definition of or reference herein
to any agreement, instrument or other document, shall be construed as referring to such agreement, instrument or other document, as amended, restated, amended and restated, supplemented or otherwise modified from time to time to the extent permitted
herein and any reference herein to any statute or regulations shall include any amendment, renewal, extension or replacement thereof; 

(b)    any reference herein to any Person shall be construed to include such Person’s successors and
assigns from time to time; 
 (c)    the words “herein,” “hereof” and
“hereunder,” and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof; 

(d)    all references herein to Sections shall be construed to refer to Sections of this Agreement; and

 (e)    the words “asset” and “property” shall be construed to have the same
meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights. 

SECTION 2.    Lien Priorities. 

2.1    Relative Priorities. Notwithstanding the date, time, method, manner or order of
grant, attachment or perfection of any Liens securing the ABL Loan Obligations granted on the Term Loan Priority Collateral or of any Liens securing the Term Loan Obligations granted on the Term Loan Priority Collateral and notwithstanding any
provision of the UCC or any other applicable law or the ABL Loan Documents or any defect or deficiencies in, or failure to perfect or lapse in perfection of, or avoidance as a fraudulent conveyance or otherwise of, the Liens on the Term Loan
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Collateral securing the Term Loan Obligations, the subordination of such Liens to any other Liens, or any other circumstance whatsoever, whether or not any Insolvency or Liquidation Proceeding
has been commenced by or against any New Grantor, the Pari Passu Collateral Agent, for itself and on behalf of each other ABL Claimholder, hereby agrees that: 

(a)    any Lien on the Term Loan Priority Collateral securing any Term Loan Obligations now or hereafter
held by or on behalf of the Term Loan Collateral Agent or any Term Loan Claimholders or any agent or trustee therefor, regardless of how acquired, whether by grant, possession, statute, operation of law, subrogation or otherwise, shall be senior in
all respects and prior to any Lien on the Term Loan Priority Collateral securing any ABL Obligations; and 

(b)    any Lien on the Term Loan Priority Collateral securing any ABL Obligations now or hereafter held by
or on behalf of the Pari Passu Collateral Agent, any ABL Claimholders or any agent or trustee therefor regardless of how acquired, whether by grant, possession, statute, operation of law, subrogation or otherwise, shall be junior and subordinate in
all respects to all Liens on the Term Loan Priority Collateral securing any Term Loan Obligations. All Liens on the Term Loan Priority Collateral securing any Term Loan Obligations shall be and remain senior in all respects and prior to all Liens on
the Term Loan Priority Collateral securing any ABL Obligations for all purposes, whether or not such Liens securing any Term Loan Obligations are subordinated to any Lien securing any other obligation of any New Grantor. 

2.2    Prohibition on Contesting Liens; No Marshaling. Each of the Pari Passu Collateral
Agent, for itself and on behalf of each other ABL Claimholder, and the Term Loan Collateral Agent, for itself and on behalf of each other Term Loan Claimholder, agrees that it will not (and hereby waives any right to) directly or indirectly contest
or support any other Person in contesting, in any proceeding (including any Insolvency or Liquidation Proceeding), the priority, validity, perfection, extent or enforceability of a Lien held, or purported to be held, by or on behalf of any of the
Term Loan Claimholders in the Term Loan Priority Collateral or by or on behalf of any of the ABL Claimholders in the Term Loan Priority Collateral, as the case may be, or the amount, nature or extent of the Term Loan Obligations or ABL Obligations
or the provisions of this Agreement; provided, that nothing in this Agreement shall be construed to prevent or impair the rights of the Term Loan Collateral Agent or any other Term Loan Claimholder to enforce this Agreement, including the
provisions of this Agreement relating to the priority of the Liens on the Term Loan Priority Collateral securing the Term Loan Obligations as provided in Sections 2.1 and 3.1. Until the Discharge of Term Loan Obligations, neither the Pari Passu
Collateral Agent nor any other ABL Claimholder will assert any marshaling, appraisal, valuation or other similar right that may otherwise be available to a junior secured creditor. 

  
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 2.3    No New Liens. So long as the
Discharge of Term Loan Obligations has not occurred, whether or not any Insolvency or Liquidation Proceeding has been commenced by or against any New Grantor, no New Grantor shall: 

(a)    grant or permit any additional Liens on any asset or property of such New Grantor to secure any ABL
Obligation unless it has granted or concurrently grants a Lien on such asset or property to secure the Term Loan Obligations, the parties hereto agreeing that any such Lien shall be subject to Section 2.1; provided that this provision
will not be violated with respect to any Term Loan Obligations if the Term Loan Collateral Agent is given a reasonable opportunity to accept a Lien on any asset or property of any New Grantor and either the Company or the Term Loan Collateral Agent
states in writing that the Term Loan Documents prohibit the Term Loan Collateral Agent from accepting a Lien on such asset or property of such New Grantor, or the Term Collateral Agent otherwise expressly declines to accept a Lien on such asset or
property of such New Grantor (any such prohibited or declined lien, a “Term Declined Lien”). 

(b)    grant or permit any additional Liens on any asset or property of such New Grantor to secure any Term
Loan Obligations unless it has granted or concurrently grants a Lien on such asset or property to secure the ABL Obligations; provided that this provision will not be violated with respect to any ABL Obligations if the Pari Passu Collateral
Agent is given a reasonable opportunity to accept a Lien on any asset or property of any New Grantor and either the Company or the Pari Passu Collateral Agent states in writing that the ABL Loan Documents prohibit the Pari Passu Collateral Agent
from accepting a Lien on such asset or property of such New Grantor, or the Pari Passu Collateral Agent otherwise declines to accept a Lien on such asset or property of such New Grantor (any such prohibited or declined lien, a “ABL Declined
Lien”). 
 If the Pari Passu Collateral Agent or any ABL Claimholder shall hold any Lien on any assets or property of any New Grantor securing any
ABL Obligations that are not also subject to the first-priority Liens, other than any Term Declined Liens, securing all Term Loan Obligations under the Term Loan Collateral Documents, the Pari Passu Collateral Agent or such ABL Claimholder
(i) shall notify the Term Loan Collateral Agent promptly upon becoming aware thereof and, unless such New Grantor shall promptly grant a similar Lien, other than any such Lien that would constitute a Term Declined Lien, on such assets or
property to the Term Loan Collateral Agent as security for the Term Loan Obligations, the Pari Passu Collateral Agent and ABL Claimholders shall be deemed to hold and have held such Lien for the benefit of the Term Loan Collateral Agent and the
other Term Loan Claimholders, other than any Term Loan Claimholders whose Term Loan Documents prohibit them from taking such Liens, as security for the Term Loan Obligations. To the extent that the foregoing provisions are not complied with for any
reason, without limiting any other rights and remedies available to any Term Loan Collateral Agent and/or the Term Loan Claimholders, the Pari Passu Collateral Agent, on behalf of each ABL Claimholder, agrees that any amounts received by or
distributed to any of them pursuant to or as a result of Liens granted in contravention of this Section 2.3 shall be subject to Section 4.2. 

Notwithstanding anything in this Agreement to the contrary, prior to the Discharge of the Term Loan Obligations, cash and cash equivalents may be pledged by
New Grantors to secure Term Loan Obligations consisting of reimbursement obligations in respect of letters of credit issued pursuant to the Term Loan Documents without granting a Lien thereon to secure any ABL Obligations. Nothing in this
Section 2.3 shall apply to any assets or property of any Person other than the New Grantors. 

  
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 (c)    Except as provided in Section 3.1(e) hereof, no
ABL Agent or ABL Claimholder other than the Pari Passu Collateral Agent shall accept or obtain any Lien to secure ABL Obligations on any asset or property of any New Grantor. If any ABL Agent or any other ABL Claimholder shall hold any Lien on any
assets or property of any New Grantor securing any Series of ABL Obligations, such ABL Agent or ABL Claimholder shall (i) notify the Term Loan Collateral Agent and the Pari Passu Collateral Agent promptly upon becoming aware thereof and
(ii) immediately take all actions to release such Lien. To the extent that the foregoing provisions are not complied with for any reason, without limiting any other rights and remedies available to any Term Loan Collateral Agent, the Term Loan
Claimholders and/or any other ABL Claimholder, such ABL Agent or ABL Claimholder agrees that any amounts received by or distributed to any of them pursuant to or as a result of Liens granted to any of them in contravention of this
Section 2.3(c) on any assets or property of any New Grantor shall be subject to Section 4.2 hereof, or after the Discharge of ABL Obligations, Section 9.4 hereof. 

2.4    Similar Liens and Agreements. The parties hereto agree that, subject to Sections
2.3 and 5.3(c), it is their intention that the Term Loan Priority Collateral securing the Term Loan Obligations and the Term Loan Priority Collateral securing the ABL Obligations be identical. In furtherance of the foregoing and of
Section 8.10, the parties hereto agree, subject to the other provisions of this Agreement: 

(a)    upon request by the Term Loan Collateral Agent or the Pari Passu Collateral Agent, to cooperate in
good faith (and to direct their counsel to cooperate in good faith) from time to time in order to determine the specific items included in the Term Loan Priority Collateral securing the Term Loan Obligations under the Term Loan Collateral Documents
and the Term Loan Priority Collateral securing the ABL Obligations under the Pari Passu Collateral Documents and the steps taken to perfect their respective Liens thereon and the identity of the respective parties obligated under the Term Loan
Collateral Documents and the Pari Passu Collateral Documents; and 
 (b)    that the documents and
agreements creating or evidencing Liens on the Term Loan Priority Collateral securing the Term Loan Obligations and Liens on the Term Loan Priority Collateral securing the ABL Obligations, subject to Sections 2.3 and 5.3(c), shall be in all material
respects the same forms of documents other than with respect to the first lien and the second lien nature of the Obligations thereunder. 

2.5    Perfection of Liens. Except for the arrangements contemplated by
Section 5.5, none of the Term Loan Collateral Agent or the Term Loan Claimholders shall be responsible for perfecting and maintaining the perfection of Liens with respect to 

  
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the Term Loan Priority Collateral for the benefit of the Pari Passu Collateral Agent or the ABL Claimholders. The provisions of this Agreement are intended solely to govern the respective Lien
priorities as between the Term Loan Claimholders on the one hand and the ABL Claimholders on the other hand with respect to the Term Loan Priority Collateral and such provisions shall not impose on the Term Loan Collateral Agent, the Term Loan
Claimholders, the Pari Passu Collateral Agent, the ABL Claimholders or any agent or trustee therefor any obligations in respect of the disposition of proceeds of any Term Loan Priority Collateral which would conflict with prior-perfected claims
therein in favor of any other Person or any order or decree of any court or Governmental Authority or any applicable law. 
 
SECTION 3.    Enforcement. 
 3.1    Exercise
of Remedies. 
 (a)    Until the Discharge of Term Loan Obligations has occurred, whether or not any
Insolvency or Liquidation Proceeding has been commenced by or against any New Grantor, the Pari Passu Collateral Agent and the ABL Claimholders: 

(1)    will not commence or maintain, or seek to commence or maintain, any Enforcement Action or otherwise
exercise any rights or remedies with respect to the Term Loan Priority Collateral; 
 (2)    will not
contest, protest or object to any foreclosure proceeding or action brought by the Term Loan Collateral Agent or any Term Loan Claimholder or any other exercise by the Term Loan Collateral Agent or any Term Loan Claimholder of any rights and remedies
under the Term Loan Documents or otherwise, in each case, to the extent relating to the Term Loan Priority Collateral (including any Enforcement Action initiated by or supported by the Term Loan Collateral Agent or any Term Loan Claimholder) and

 (3)    will not object to the forbearance by the Term Loan Collateral Agent or any Term Loan
Claimholder from bringing or pursuing any foreclosure proceeding or action or any other exercise of any rights or remedies relating to the Term Loan Priority Collateral, 

in each case so long as any proceeds received by the Term Loan Collateral Agent in excess of those necessary to achieve a Discharge of Term
Loan Obligations are distributed in accordance with Section 4.1 and applicable law. 
 (b)    Until
the Discharge of Term Loan Obligations has occurred, whether or not any Insolvency or Liquidation Proceeding has been commenced by or against any New Grantor, the Term Loan Collateral Agent and the Term Loan Claimholders shall have the exclusive
right to commence and maintain an Enforcement Action or otherwise enforce rights, exercise remedies (including set-off, recoupment and the right to credit bid their debt, except that

  
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Pari Passu Collateral Agent shall have the credit bid rights set forth in Section 3.1(c)(5)), in each case, with respect to the Term Loan Priority Collateral, and subject to
Section 5.1, make determinations regarding the release, disposition, or restrictions with respect to the Term Loan Priority Collateral without any consultation with or the consent of the Pari Passu Collateral Agent or any other ABL Claimholder;
provided that any proceeds received by the Term Loan Collateral Agent in excess of those necessary to achieve a Discharge of Term Loan Obligations are distributed in accordance with Section 4.1 and applicable law. In commencing or
maintaining any Enforcement Action or otherwise exercising rights and remedies with respect to the Term Loan Priority Collateral, the Term Loan Collateral Agent and the Term Loan Claimholders may enforce the provisions of the Term Loan Documents and
exercise remedies thereunder, in each case, with respect to Term Loan Priority Collateral, all in such order and in such manner as they may determine in the exercise of their sole discretion in compliance with any applicable law and without
consultation with the Pari Passu Collateral Agent or any ABL Claimholder and regardless of whether any such exercise is adverse to the interest of any ABL Claimholder. Such exercise and enforcement shall include the rights of an agent appointed by
them to sell or otherwise dispose of Term Loan Priority Collateral upon foreclosure, to incur expenses in connection with such sale or disposition, and to exercise all the rights and remedies of a secured creditor under the UCC and of a secured
creditor under Bankruptcy Laws of any applicable jurisdiction. 
 (c)    Notwithstanding the foregoing,
with respect to Term Loan Priority Collateral or a New Grantor, the Pari Passu Collateral Agent and any other ABL Claimholder may: 

(1)    file a claim or statement of interest with respect to the applicable ABL Obligations;
provided that an Insolvency or Liquidation Proceeding has been commenced by or against any New Grantor; 

(2)    take any action not adverse to the priority status of the Liens on the Term Loan Priority Collateral
securing the Term Loan Obligations, or the rights of any Term Loan Collateral Agent or the Term Loan Claimholders to exercise remedies in respect thereof, in order to create, perfect, preserve or protect its Lien on the Term Loan Priority Collateral
and with respect to any Term Loan Pledged Collateral, take possession or control of such Term Loan Priority Collateral so long as the Term Loan Collateral Agent elects in writing not to take possession or control thereof; 

(3)    file any necessary responsive or defensive pleadings in opposition to any motion, claim, adversary
proceeding or other pleading made by any person objecting to or otherwise seeking the disallowance of the claims of any ABL Claimholders, including any claims secured by the Term Loan Priority Collateral, if any, in each case in accordance with the
terms of this Agreement; 

  
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 (4)    vote on any plan of reorganization, arrangement,
compromise or liquidation, file any proof of claim, make other filings and make any arguments and motions that are, in each case, in accordance with the terms of this Agreement, with respect to the applicable ABL Obligations and the Term Loan
Priority Collateral; provided that no filing of any claim or vote, or pleading related to such claim or vote, to accept or reject a disclosure statement, plan of reorganization, arrangement, compromise or liquidation, or any other document,
agreement or proposal similar to the foregoing by the Pari Passu Collateral Agent or any other ABL Claimholder may be inconsistent with the provisions of this Agreement; and 

(5)    bid for or purchase Term Loan Priority Collateral at any public, private or judicial foreclosure
upon such Term Loan Priority Collateral initiated by the Term Loan Collateral Agent or any other Term Loan Claimholder, or any sale of Term Loan Priority Collateral during an Insolvency or Liquidation Proceeding; provided that such bid may
not include a “credit bid” in respect of any ABL Obligations unless the cash proceeds of such bid are otherwise sufficient to cause the Discharge of Term Loan Obligations; and 

(6)    engage consultants and perform audits, examinations, and appraisals relating to the enforcement of
Liens on any Term Loan Priority Collateral so long as such actions are not adverse to the rights of the Term Loan Collateral Agent to exercise remedies thereof and do not materially affect, in the reasonable discretion of the Term Loan Collateral
Agent, the value of the Term Loan Priority Collateral. 
 The Pari Passu Collateral Agent, for itself and on behalf of each other ABL
Claimholder, agrees that it will not take or receive any Term Loan Priority Collateral or any proceeds of Term Loan Priority Collateral in connection with the exercise of any right or remedy (including set-off
and recoupment) with respect to any Term Loan Priority Collateral in its capacity as a creditor, unless and until the Discharge of Term Loan Obligations has occurred. Without limiting the generality of the foregoing, unless and until the Discharge
of Term Loan Obligations has occurred, except as expressly provided in Section 6.3(b) and this Section 3.1(c), the sole right of the Pari Passu Collateral Agent and the ABL Claimholders with respect to the Term Loan Priority Collateral is
to hold a Lien on the Term Loan Priority Collateral pursuant to the Pari Passu Collateral Documents for the period and to the extent granted therein and to receive a share of the proceeds thereof, if any, after the Discharge of Term Loan Obligations
has occurred. 

  
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 (d)    Subject to Sections 3.1(c) and 6.3(b): 

(1)    the Pari Passu Collateral Agent, for itself and on behalf of each other ABL Claimholder, agrees that
the Pari Passu Collateral Agent and the ABL Claimholders will not take any action with respect to any Term Loan Priority Collateral that would hinder any exercise of remedies with respect to the Term Loan Priority Collateral under the Term Loan
Documents or is otherwise prohibited hereunder, including any sale, lease, exchange, transfer or other disposition of the Term Loan Priority Collateral, whether by foreclosure or otherwise; 

(2)    the Pari Passu Collateral Agent, for itself and on behalf of each other ABL Claimholder, hereby
waives any and all rights it or the ABL Claimholders may have as a junior lien creditor or otherwise to object to the manner in which the Term Loan Collateral Agent or any other Term Loan Claimholder seeks to enforce or collect the Term Loan
Obligations against any New Grantor or the Liens securing the Term Loan Obligations granted in any of the Term Loan Priority Collateral undertaken in accordance with this Agreement, regardless of whether any action or failure to act by or on behalf
of the Term Loan Collateral Agent or any other Term Loan Claimholder is adverse to the interest of any ABL Claimholder; and 

(3)    the Pari Passu Collateral Agent hereby acknowledges and agrees that no covenant, agreement or
restriction contained in the Pari Passu Collateral Documents or any other ABL Loan Document (other than this Agreement) shall be deemed to restrict in any way the rights and remedies of the Term Loan Collateral Agent or any other Term Loan
Claimholder, in each case, with respect to the Term Loan Priority Collateral as set forth in this Agreement and the Term Loan Documents. 

(e)    Except as specifically set forth in this Agreement, the Pari Passu Collateral Agent and the other
ABL Claimholders may exercise rights and remedies as unsecured creditors against any New Grantor that has guaranteed or granted Liens to secure the ABL Obligations in accordance with the terms of the applicable ABL Loan Documents and applicable law
(other than initiating or joining in an involuntary case or proceeding under any Insolvency or Liquidation Proceeding with respect to any New Grantor); provided that in the event that any ABL Claimholder becomes a judgment Lien creditor in
respect of Term Loan Priority Collateral as a result of its enforcement of its rights as an unsecured creditor with respect to the applicable ABL Obligations, such judgment Lien shall be subject to the terms of this Agreement for all purposes
(including in relation to such ABL Obligations) in the same manner as the other Liens on the Term Loan Priority Collateral securing the ABL Obligations are subject to this Agreement. 

(f)    Except as specifically set forth in Section 3.1(d), nothing in this Agreement shall prohibit
the receipt by the Pari Passu Collateral Agent or any other ABL Claimholder of the required payments of interest, principal and other 

  
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amounts owed in respect of the applicable ABL Obligations so long as such receipt is not the direct or indirect result of the exercise by the Pari Passu Collateral Agent or any other ABL
Claimholder of rights or remedies as a secured creditor (including set-off and recoupment) or enforcement in contravention of this Agreement of any Lien in any assets or property of any New Grantor held by any
of them or as a result of any other violation by any ABL Loan Claimholder of the express terms of this Agreement. Nothing in this Agreement impairs or otherwise adversely affects any rights or remedies the Term Loan Collateral Agent or any other
Term Loan Claimholder may have with respect to the Term Loan Priority Collateral. Nothing in this Agreement impairs or otherwise adversely affects any rights or remedies any ABL Agent or respective ABL Claimholders may have with respect to the
corresponding ABL Priority Collateral. 
 3.2    Actions Upon Breach; Specific
Performance. If any ABL Claimholder, in contravention of the terms of this Agreement, in any way takes, attempts to or threatens to take any action with respect to the Term Loan Priority Collateral (including any attempt to realize upon or enforce
any remedy with respect to this Agreement), or fails to take any action required by this Agreement with respect to the Term Loan Priority Collateral, this Agreement shall create an irrebutable presumption and admission by such ABL Claimholder that
relief against such ABL Claimholder by injunction, specific performance and/or other appropriate equitable relief is necessary to prevent irreparable harm to the Term Loan Claimholders, it being understood and agreed by the Pari Passu Collateral
Agent on behalf of each ABL Claimholder that (i) the Term Loan Claimholders’ damages from actions of any ABL Claimholder in respect of the Term Loan Priority Collateral may at that time be difficult to ascertain and may be irreparable, and
(ii) each ABL Claimholder waives any defense that any New Grantor and/or the Term Loan Claimholders cannot demonstrate damage and/or be made whole by the awarding of damages, in each case in respect of the Term Loan Priority Collateral. Each of
the Term Loan Collateral Agent and the Pari Passu Collateral Agent may demand specific performance of this Agreement. The Term Loan Collateral Agent, on behalf of itself and each other Term Loan Claimholder under the Term Loan Documents, and the
Pari Passu Collateral Agent, on behalf of itself and each other ABL Claimholder under the ABL Loan Documents, hereby irrevocably waive any defense based on the adequacy of a remedy at law and any other defense which might be asserted to bar the
remedy of specific performance in any action which may be brought by the Term Loan Collateral Agent or the Term Loan Claimholders or the Pari Passu Collateral Agent or the ABL Claimholders, as the case may be, in each case in respect of the Term
Loan Priority Collateral. No provision of this Agreement shall constitute or be deemed to constitute a waiver by the Term Loan Collateral Agent on behalf of itself and each other Term Loan Claimholder or the Pari Passu Collateral Agent on behalf of
itself and each other ABL Claimholder of any right to seek damages from any Person in connection with any breach or alleged breach of this Agreement. 

  
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 SECTION 4.    Payments. 

4.1    Application of Proceeds. So long as the Discharge of Term Loan Obligations has not
occurred, whether or not any Insolvency or Liquidation Proceeding has been commenced by or against any New Grantor, any Term Loan Priority Collateral or any proceeds thereof received in connection with any Enforcement Action or other exercise of
remedies by the Term Loan Collateral Agent or any Term Loan Claimholder, in each case with respect to the Term Loan Priority Collateral, shall be applied by the Term Loan Collateral Agent to the Term Loan Obligations in such order as specified in
the relevant Term Loan Documents; provided, that any non-cash Collateral or non-cash proceeds may be held by the Term Loan Collateral Agent as Term Loan Priority
Collateral unless the failure to apply such amounts would be commercially unreasonable. Upon the Discharge of Term Loan Obligations, the Term Loan Collateral Agent shall, in the following order, (i) unless a Discharge of ABL Obligations has
already occurred, deliver any remaining proceeds of Term Loan Priority Collateral held by it to the Pari Passu Collateral Agent to be applied by the Pari Passu Collateral Agent to the ABL Obligations in accordance with Section 9.4 of this
Agreement until a Discharge of ABL Obligations and (ii) if a Discharge of ABL Obligations has already occurred, deliver such proceeds of Term Loan Priority Collateral to the New Grantors, their successors or assigns from time to time, or to
whomever may be lawfully entitled to receive the same. 
 4.2    Payments Over.
(a) So long as the Discharge of Term Loan Obligations has not occurred, whether or not any Insolvency or Liquidation Proceeding has been commenced by or against any New Grantor, any Term Loan Priority Collateral or any proceeds thereof
(including assets or proceeds subject to Liens referred to in the second to last paragraph of Section 2.3 and any assets or proceeds subject to Liens that have been avoided or otherwise invalidated) received by the Pari Passu Collateral Agent
or any other ABL Claimholder in connection with any Enforcement Action or other exercise of any right or remedy relating to the Term Loan Priority Collateral, less any reasonable
out-of-pocket expenses incurred in connection with such Enforcement Action, in all cases shall be segregated and held in trust and forthwith paid over to the Term Loan
Collateral Agent for the benefit of the Term Loan Claimholders in the same form as received, with any necessary endorsements (which endorsements shall be without recourse and without any representations or warranties) or as a court of competent
jurisdiction may otherwise direct. The Term Loan Collateral Agent is hereby authorized to make any such endorsements as agent for the Pari Passu Collateral Agent or any such other ABL Claimholder. This authorization is coupled with an interest and
is irrevocable until the Discharge of Term Loan Obligations. 
 (b)    So long as the Discharge of Term
Loan Obligations has not occurred, if in any Insolvency or Liquidation Proceeding of any New Grantor, the Pari Passu Collateral Agent or any other ABL Claimholder shall receive any distribution of money or other property in respect of the Term Loan
Priority Collateral (including any assets of any New Grantor or proceeds subject to Liens that have been avoided or otherwise invalidated) such money or other property (other than debt obligations of the reorganized debtor distributed as
contemplated by Section 6.6) shall be segregated and held in trust and forthwith paid over to the 

  
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Term Loan Collateral Agent for the benefit of the Term Loan Claimholders in the same form as received, with any necessary endorsements (which endorsements shall be without recourse and without
any representations or warranties). Any Lien on any assets or property of any New Grantor received by the Pari Passu Collateral Agent or any other ABL Claimholder in respect of any of the ABL Obligations in any Insolvency or Liquidation Proceeding
shall be subject to the terms of this Agreement. 
 SECTION 5.    Other Agreements.

 5.1    Releases. 

(a)    If in connection with any Enforcement Action by the Term Loan Collateral Agent or any other exercise
of the Term Loan Collateral Agent’s remedies, in each case, in respect of the Term Loan Priority Collateral (including, without limitation, the disposition of any Term Loan Priority Collateral by any New Grantor during an Event of Default under
(and defined in) the Term Loan Document with the consent of the Term Loan Collateral Agent), in each case prior to the Discharge of Term Loan Obligations, the Term Loan Collateral Agent, for itself or on behalf of any other Term Loan Claimholder,
releases any of its Liens on any part of the Term Loan Priority Collateral, then the Liens, if any, of the Pari Passu Collateral Agent, for itself or for the benefit of the ABL Claimholders, on such Term Loan Priority Collateral, shall be
automatically, unconditionally and simultaneously released. The Pari Passu Collateral Agent, for itself or on behalf of any such ABL Claimholders, promptly shall execute and deliver to the Term Loan Collateral Agent or the applicable New Grantor
such termination statements, releases and other documents in respect of the Term Loan Priority Collateral as the Term Loan Collateral Agent or the applicable New Grantor may request to effectively confirm the foregoing releases, in each case at the
expense of the New Grantors. 
 (b)    If in connection with any sale, lease, exchange, transfer or other
disposition of any Term Loan Priority Collateral by any New Grantor (collectively, a “Disposition”) permitted under the terms of the Term Loan Documents and not prohibited under the terms of any ABL Loan Documents
(other than in connection with an Enforcement Action or other exercise of the Term Loan Collateral Agent’s remedies in respect of the Term Loan Priority Collateral which shall be governed by Section 5.1(a)), the Term Loan Collateral Agent,
for itself or on behalf of any other Term Loan Claimholder, releases any of its Liens on any part of the Term Loan Priority Collateral, other than (A) in connection with, or following, the Discharge of Term Loan Obligations or (B) after
the occurrence and during the continuance of any Event of Default under (and as defined in) any Term Loan Document or if such release would result in such an Event of Default, then the Liens, if any, of the Pari Passu Collateral Agent, for itself
and for the benefit of the other ABL Claimholders, on such Term Loan Priority Collateral shall be automatically, unconditionally and simultaneously released. The Pari Passu Collateral Agent, for itself or on behalf

  
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of each other ABL Claimholder, shall promptly execute and deliver to the Term Loan Collateral Agent or the applicable New Grantor such termination statements, releases and other documents as the
Term Loan Collateral Agent or the applicable New Grantor may request to effectively confirm such release. 

(c)    Until the Discharge of Term Loan Obligations occurs, the Pari Passu Collateral Agent, on behalf of
itself and each other Term Loan Claimholder, hereby irrevocably constitutes and appoints the Term Loan Collateral Agent and any officer or agent of the Term Loan Collateral Agent, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of the Pari Passu Collateral Agent and such ABL Claimholder or in the Term Loan Collateral
Agent’s own name, from time to time in the Term Loan Collateral Agent’s discretion, for the purpose of carrying out the terms of this Section 5.1, to take any and all appropriate action and to execute any and all documents and
instruments which may be necessary to accomplish the purposes of this Section 5.1, including any endorsements or other instruments of transfer or release. This power is coupled with an interest and is irrevocable until the Discharge of Term
Loan Obligations. 
 (d)    Until the Discharge of Term Loan Obligations occurs, to the extent that the
Term Loan Collateral Agent or any Term Loan Claimholder (i) has released any Lien on Term Loan Priority Collateral and any such Liens are later reinstated or (ii) obtains any new Liens from any New Grantor, then the Pari Passu Collateral
Agent, for itself and for the other ABL Claimholders, shall be granted a Lien on any such Term Loan Priority Collateral (except to the extent such Lien represents an ABL Declined Lien with respect to the ABL Obligations represented by the Pari Passu
Collateral Agent), subject to the lien subordination provisions of this Agreement. 

5.2    Insurance. Unless and until the Discharge of Term Loan Obligations has occurred,
the Term Loan Collateral Agent and the other Term Loan Claimholders shall have the sole and exclusive right, subject to the rights of the New Grantors under the Term Loan Documents, to adjust settlement for any insurance policy covering the Term
Loan Priority Collateral in the event of any loss thereunder and to approve any award granted in any condemnation or similar proceeding (or any deed in lieu of condemnation) affecting the Term Loan Priority Collateral. Unless and until the Discharge
of Term Loan Obligations has occurred, and subject to the rights of the New Grantors under the Term Loan Documents, all proceeds of any such policy and any such award (or any payments with respect to a deed in lieu of condemnation) if in respect of
the Term Loan Priority Collateral shall be paid to the Term Loan Collateral Agent for the benefit of the Term Loan Claimholders pursuant to the terms of the Term Loan Documents (including for purposes of cash collateralization of letters of credit)
and thereafter, if a Discharge of Term Loan Obligations has occurred, and subject to the rights of the New Grantors under the ABL Documents, the balance of such proceeds shall be paid to the Pari Passu Collateral Agent to be applied to the ABL
Claimholders in accordance with Section 9.4 of this Agreement and then, if a Discharge of ABL Obligations has occurred, any remaining balance shall be paid to the New Grantors, their 

  
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successors or assigns from time to time, or to whomever may be lawfully entitled to receive the same. Until the Discharge of Term Loan Obligations has occurred, if the Pari Passu Collateral Agent
or any other ABL Claimholder shall, at any time, receive any proceeds of any such insurance policy or any such award or payment in respect of Term Loan Priority Collateral in contravention of this Agreement, then it shall segregate and hold in trust
and forthwith pay such proceeds over to the Term Loan Collateral Agent in accordance with the terms of Section 
4.2. 
 5.3    Amendments to Term Loan Documents and ABL Documents. 

(a)    The Term Loan Documents may be amended, restated, amended and restated, supplemented or otherwise
modified from time to time in accordance with their terms and the Term Loan Debt may be Refinanced, in each case, without notice to, or the consent of the Pari Passu Collateral Agent or the other ABL Claimholders, all without affecting the lien
subordination or other provisions of this Agreement; provided that any such amendment, restatement, supplement, modification or Refinancing is not inconsistent with the terms of this Agreement and, in the case of a Refinancing, the holders of
such Refinancing debt (directly or through their agent) bind themselves in a writing addressed to the Pari Passu Collateral Agent to the terms of this Agreement. 

(b)    The ABL Loan Documents may be amended, restated, amended and restated, supplemented or otherwise
modified from time to time in accordance with their terms and each Series of ABL Obligations may be Refinanced, in each case, without notice to, or the consent of the Term Loan Collateral Agent or any other Term Loan Claimholder, all without
affecting the lien subordination or other provisions of this Agreement; provided that any such amendment, restatement, supplement, modification or Refinancing is not inconsistent with the terms of this Agreement and, in the case of any
Refinancing, the holders of such Refinancing debt (directly or through their agent) bind themselves in a writing addressed to the Term Loan Collateral Agent to the terms of this Agreement 

(c)    In the event any Term Loan Collateral Agent or any Term Loan Claimholders and the New Grantor enter
into any amendment, waiver or consent in respect of any of the Term Loan Collateral Documents for the purpose of adding to, or deleting from, or waiving or consenting to any departures from any provisions of, any Term Loan Collateral Document, in
each case in respect of the Term Loan Priority Collateral or changing in any manner the rights of the Term Loan Collateral Agent, such Term Loan Claimholders or any New Grantor thereunder in respect of the Term Loan Priority Collateral, then such
amendment, waiver or consent shall apply automatically to any comparable provision of a Pari Passu Collateral Document without the consent of the Pari Passu Collateral Agent or any other ABL Claimholder and without any action by the Pari Passu
Collateral Agent or any New Grantor, provided that: 
 (1)    no such amendment, waiver or consent
shall have the effect of: 
 (A)    removing assets subject to the Lien of the Pari Passu Collateral
Documents on any Term Loan Priority Collateral, except to the extent that a release of such Lien is required by Section 5.1 and provided that there is a corresponding release of the Liens securing the Term Loan Obligations; 

  
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 (B)    imposing duties on the Pari Passu Collateral Agent or
any ABL Claimholder without its consent; 
 (C)    permitting other Liens on the Term Loan Priority
Collateral not permitted under the terms of the ABL Loan Documents or Section 6; or 
 (D)    being
prejudicial to the interests of the ABL Claimholders to a greater extent than the Term Loan Claimholders (other than by virtue of their relative priority and the rights and obligations hereunder); and 

(2)    notice of such amendment, waiver or consent shall have been given to the Pari Passu Collateral Agent
within ten Business Days after the effective date of such amendment, waiver or consent. 

5.4    Confirmation of Subordination in Term Loan Collateral Documents. Each New Grantor
agrees that each Pari Passu Collateral Document in respect of Term Loan Priority Collateral shall include the following language (or language to similar effect approved by the Term Loan Collateral Agent): 

“Notwithstanding anything herein to the contrary, the lien and security interest granted to the Pari Passu Collateral Agent pursuant to
this Agreement and the exercise of any right or remedy by the Pari Passu Collateral Agent hereunder are subject to the provisions of the Term Loan Intercreditor and Collateral Agency Agreement, dated as of August 29, 2017 (as amended, restated,
amended and restated, supplemented or otherwise modified from time to time, the “Term Loan Intercreditor and Collateral Agency Agreement”), among BNP Paribas, as Term Loan Collateral Agent and BNP Paribas, as Pari Passu Collateral
Agent and certain other persons party or that may become party thereto from time to time. In the event of any conflict between the terms of the Term Loan Intercreditor and Collateral Agency Agreement and this Agreement, the terms of the Term Loan
Intercreditor and Collateral Agency Agreement shall govern and control, to the extent provided therein.” 

  
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 5.5    Gratuitous Bailee/Agent for
Perfection. 
 (a)    The Term Loan Collateral Agent agrees to hold that part of the Term Loan Priority
Collateral that is in its possession or control (or in the possession or control of its agents or bailees) to the extent that possession or control thereof is taken to perfect a Lien thereon under the UCC (such Term Loan Priority Collateral being
the “Term Loan Pledged Collateral”) as collateral agent for the Term Loan Claimholders and as gratuitous bailee for the Pari Passu Collateral Agent (such bailment being intended, among other things, to satisfy the
requirements of Sections 8-106(d)(3), 8-301(a)(2) and 9-313(c) of the UCC) and any assignee thereof solely for the purpose of perfecting the security interest granted under the Term Loan Collateral Documents and the Pari Passu Collateral Documents,
respectively, on Term Loan Priority Collateral subject to the terms and conditions of this Section 5.5. Solely with respect to any Term Loan Priority Collateral constituting deposit accounts under the control (within the meaning of
Section 9-104 of the UCC) of the Term Loan Collateral Agent, the Term Loan Collateral Agent agrees to also hold control over such deposit accounts as gratuitous agent for the Pari Passu Collateral Agent, subject to the terms and conditions of
this Section 5.5. Prior to a Discharge of Term Loan Obligations, at the request of the Term Loan Collateral Agent, the Pari Passu Collateral Agent shall turn over possession of any Term Loan Pledged Collateral in possession of the Pari Passu
Collateral Agent to the Term Loan Collateral Agent. 
 (b)    The Term Loan Collateral Agent shall have
no obligation whatsoever to the other Term Loan Claimholders, the Pari Passu Collateral Agent or any ABL Claimholder to ensure that the Term Loan Pledged Collateral is genuine or owned by any New Grantor, to perfect the security interest of the Pari
Passu Collateral Agent or other ABL Claimholders or to preserve rights or benefits of any Person except as expressly set forth in this Section 5.5. The duties or responsibilities of the Term Loan Collateral Agent under this Section 5.5
shall be limited solely to holding the Term Loan Pledged Collateral as bailee (and with respect to deposit accounts, agent) in accordance with this Section 5.5 and delivering the Term Loan Pledged Collateral upon a Discharge of Term Loan
Obligations as provided in Section 5.5(d). 
 (c)    No Term Loan Collateral Agent or any other Term
Loan Claimholder shall have by reason of the Term Loan Collateral Documents, the Pari Passu Collateral Documents, this Agreement or any other document a fiduciary relationship in respect of the Pari Passu Collateral Agent or any other ABL
Claimholder and the Pari Passu Collateral Agent and the ABL Claimholders hereby waive and release the Term Loan Collateral Agent and the other Term Loan Claimholders from all claims and liabilities arising pursuant to the Term Loan Collateral
Agent’s role under this Section 5.5 as gratuitous bailee and gratuitous agent with respect to the Term Loan Pledged Collateral. It is understood and agreed that the interests of the Term Loan Collateral Agent and the other Term Loan
Claimholders, on the one hand, and the Pari Passu Collateral Agent and the ABL Claimholders on the other hand, may differ and the Term Loan Collateral Agent and the Term Loan Claimholders shall be fully entitled to act in their own interest without
taking into account the interests of the Pari Passu Collateral Agent or the ABL Claimholders. 

  
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 (d)    Upon the Discharge of Term Loan Obligations, the Term
Loan Collateral Agent shall deliver the remaining Term Loan Pledged Collateral in its possession (if any) together with any necessary endorsements (which endorsement shall be without recourse and without any representation or warranty), in the
following order: (i) if a Discharge of ABL Loan Obligations has not already occurred, to the Pari Passu Collateral Agent, (ii) if a Discharge of ABL Obligations has already occurred, to the Company or other applicable New Grantor or to
whomever may be lawfully entitled to receive the same. Following the Discharge of Term Loan Obligations, Term Loan Collateral Agent further agrees to take all other action reasonably requested by Pari Passu Collateral Agent at the expense of the
Company in connection with the Pari Passu Collateral Agent obtaining a first-priority security interest in the Term Loan Priority Collateral. After the Discharge of Term Loan Obligations has occurred, upon the
Discharge of ABL Obligations, Pari Passu Collateral Agent shall deliver the remaining Term Loan Pledged Collateral in its possession (if any) together with any necessary endorsements (which endorsement shall be without recourse and without any
representation or warranty) to the Company or to whomever may be lawfully entitled to receive the same. 

5.6    When Discharge of Term Loan Obligations Deemed to Not Have Occurred. (a) If,
at any time after the Discharge of Term Loan Obligations has occurred or contemporaneously therewith, any New Grantor enters into any Refinancing of any Term Loan Document evidencing a Term Loan Obligation, then such Discharge of Term Loan
Obligations shall automatically be deemed not to have occurred for all purposes of this Agreement (provided, that for avoidance of doubt, such Refinancing shall not have any effect with respect to any actions taken by the Pari Passu
Collateral Agent or any ABL Claimholder after the occurrence of such first Discharge of Term Loan Obligations and prior to the date of such Refinancing), and, from and after the date on which the New Term Loan Debt Notice is delivered to the Pari
Passu Collateral Agent and each ABL Agent in accordance with the next sentence, the obligations under such Refinancing of the Term Loan Document shall automatically be treated as Term Loan Obligations for all purposes of this Agreement, including
for purposes of the Lien priorities and rights in respect of Term Loan Priority Collateral set forth herein, and the Term Loan Collateral Agent under such Term Loan Documents shall be the Term Loan Collateral Agent for all purposes of this
Agreement. This Agreement shall be reinstated in full force and effect, and such prior termination shall not diminish, release, discharge, impair or otherwise affect the obligations of the parties hereto from such date of reinstatement. Upon receipt
of a notice (the “New Term Debt Notice”) stating that any New Grantor has entered into a new Term Loan Document (which notice shall include the identity of the new Term Loan Collateral Agent, such agent, the
“New Term Loan Agent”), the Pari Passu Collateral Agent and each ABL Agent shall promptly (a) enter into such documents and agreements (including amendments or supplements to this Agreement) as such New Grantor or
such New Term Loan Agent shall reasonably request in order to provide to the New Term Loan Agent the rights contemplated hereby, in each case consistent in all 

  
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material respects with the terms of this Agreement and (b) deliver to the New Term Loan Agent any Term Loan Pledged Collateral held by it together with any necessary endorsements (or
otherwise allow the New Term Loan Agent to obtain control of such Term Loan Pledged Collateral). The New Term Loan Agent shall agree in a writing addressed to the Pari Passu Collateral Agent and the ABL Claimholders to be bound by the terms of this
Agreement. If the new Term Loan Obligations under the new Term Loan Documents are secured by assets of any New Grantor constituting Term Loan Priority Collateral that do not also secure the ABL Obligations, then the ABL Obligations shall be secured
at such time by a second-priority Lien on such assets to the same extent provided in the Pari Passu Collateral Documents and this Agreement except to the extent such Lien on such assets constitutes an ABL Declined Lien. This Section 5.6(a)
shall survive termination of this Agreement. 
 (b) If, at any time after the Discharge of ABL Obligations has occurred or contemporaneously
therewith, any New Grantor enters into any Refinancing of any ABL Loan Document evidencing any Series of ABL Obligation, then such Discharge of ABL Loan Obligations of the applicable Series of ABL Obligations shall automatically be deemed not to
have occurred for all purposes of this Agreement (provided, that for avoidance of doubt, such Refinancing shall not have any effect with respect to any actions taken by the Term Loan Collateral Agent or any Term Loan Claimholder after the
occurrence of such first Discharge of ABL Obligations and prior to the date of such Refinancing), and, from and after the date on which the New ABL Debt Notice is delivered to the Term Loan Collateral Agent in accordance with the next sentence, the
obligations under such Refinancing of the applicable ABL Loan Document shall automatically be treated as ABL Obligations for all purposes of this Agreement, including for purposes of the Lien priorities and rights in respect of Term Loan Priority
Collateral set forth herein, and the ABL Agent and the ABL Claimholders under such ABL Loan Documents shall be an ABL Agent and ABL Claimholders for all purposes of this Agreement. This Agreement shall be reinstated in full force and effect, and
such prior termination shall not diminish, release, discharge, impair or otherwise affect the obligations of the parties hereto from such date of reinstatement. Upon receipt of a notice (the “New ABL Debt Notice”)
stating that any New Grantor has entered into a new ABL Loan Document (which notice shall include the identity of the new ABL Agent, such agent, the “New ABL Agent”), the Term Loan Collateral Agent, Pari Passu
Collateral Agent and each ABL Agent shall promptly (a) enter into such documents and agreements (including amendments or supplements to this Agreement) as such New Grantor or such New ABL Agent shall reasonably request in order to provide to
the New ABL Agent the rights contemplated hereby, in each case consistent in all material respects with the terms of this Agreement. The new ABL Agent shall agree in a writing addressed to the Term Loan Collateral Agent and the Term Loan
Claimholders to be bound by the terms of this Agreement. If the new ABL Obligations under the new ABL Loan Documents are secured by assets of any New Grantor constituting Term Loan Priority Collateral that do not also secure the Term Loan
Obligations, then the Term Loan Obligations shall be secured at such time by a first-priority Lien on such assets to the same extent provided in the Term Loan Collateral Documents and this Agreement except to the extent such Lien on such assets
constitutes a Term Loan Declined Lien. This Section 5.6(b) shall survive termination of this Agreement. 

  
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 5.7    Purchase Right. (a) Without
prejudice to the enforcement of any of the Term Loan Claimholders’ remedies under the Term Loan Documents in respect of the Term Loan Priority Collateral, this Agreement, at law or in equity or otherwise, the Term Loan Claimholders agree at any
time following the earliest to occur of (i) an acceleration of any of the Term Loan Obligations in accordance with the terms of the applicable Term Loan Documents, (ii) a payment default under any Term Loan Document that has not been cured
or waived by the applicable Term Loan Claimholders within 60 days of the occurrence thereof or (iii) the commencement of any Insolvency or Liquidation Proceeding with respect to any New Grantor, the Term Loan Claimholders will offer the ABL
Claimholders the option to purchase the entire aggregate amount (but not less than the entirety) of outstanding Term Loan Obligations (including unfunded commitments under any Term Loan Document that have not been terminated at such time) at the
Purchase Price without warranty or representation or recourse except as provided in Section 5.7(d), on a pro rata basis among the Term Loan Claimholders, which offer may be accepted by less than all of the ABL Claimholders so long as all the
accepting ABL Claimholders shall when taken together purchase such entire aggregate amount as set forth above. 

(b)    The “Purchase Price” will equal the sum of (1) the full amount
of all Term Loan Obligations then-outstanding and unpaid at par (including principal, accrued but unpaid interest and fees and any other unpaid amounts, including breakage costs and (2) all accrued and unpaid fees, expenses and other amounts
(including attorneys’ fees and expenses) owed to the Term Loan Claimholders under or pursuant to the Term Loan Documents on the date of purchase. 

(c)    The ABL Claimholders shall irrevocably accept or reject such offer within ten (10) days of the
receipt thereof and the parties shall endeavor to close promptly thereafter. If the ABL Claimholders (or any subset of them) accept such offer, it shall be exercised pursuant to documentation mutually acceptable to each of the Term Loan Collateral
Agent and the Pari Passu Collateral Agent. If the ABL Claimholders reject such offer (or do not so irrevocably accept such offer within the required timeframe), the Term Loan Claimholders shall have no further obligations pursuant to this
Section 5.7 and may take any further actions in their sole discretion in accordance with the Term Loan Documents and this Agreement. Each Term Loan Claimholder will retain all rights to indemnification provided in the relevant Term Loan
Documents for all claims and other amounts relating to periods prior to the purchase of the Term Loan Obligations pursuant to this Section 5.7. 

(d)    The purchase and sale of the Term Loan Obligations under this Section 5.7 will be without
recourse and without representation or warranty of any kind by the Term Loan Claimholders, except that the Term Loan Claimholders shall severally and not jointly represent and warrant to the ABL Loan Claimholders that on the date of such purchase,
immediately before giving effect to the purchase; 
 (1)    the principal of and accrued and unpaid
interest on the Term Loan Obligations, and the fees and expenses thereof owed to the respective Term Loan Claimholders, are as stated in any assignment agreement prepared in connection with the purchase and sale of the Term Loan Obligations; and

  
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 (2)    each Term Loan Claimholder owns the Term Loan
Obligations purported to be owned by it free and clear of any Liens (other than participation interests not prohibited by the Term Loan Documents, in which case the Purchase Price will be appropriately adjusted so that the ABL Claimholders do not
pay amounts represented by participation interests to the extent that the ABL Claimholders expressly assume the obligations under such participation interests). 

SECTION 6.    Insolvency or Liquidation Proceedings. 

6.1    Finance and Sale Issues. Until the Discharge of Term Loan Obligations has
occurred, if any New Grantor shall be subject to any Insolvency or Liquidation Proceeding and the Term Loan Collateral Agent shall desire to permit the use of “Cash Collateral” (as such term is defined in Section 363(a) of the
Bankruptcy Code) constituting Term Loan Priority Collateral or proceeds thereof on which such Term Loan Collateral Agent or any other creditor has a Lien, or to permit any New Grantor to obtain financing, whether from the Term Loan Claimholders or
any other Person under Section 364 of the Bankruptcy Code or any similar Bankruptcy Law (“DIP Financing”), then the Pari Passu Collateral Agent, on behalf of itself and each other ABL Claimholder, will not object
to such Cash Collateral use or DIP Financing (including any proposed orders for such Cash Collateral use and/or DIP Financing which are acceptable to the Term Loan Collateral Agent) and to the extent the Liens on any Term Loan Priority Collateral
securing the Term Loan Obligations are subordinated to or pari passu with such DIP Financing, the Pari Passu Collateral Agent will subordinate its Liens in such Term Loan Priority Collateral to the Liens securing such DIP Financing (and all
Obligations relating thereto) and will not request adequate protection or any other relief in connection therewith (except, as expressly agreed by the Term Loan Collateral Agent or to the extent permitted by Section 6.3); provided that the Pari
Passu Collateral Agent and the other ABL Claimholders retain the right to object to any ancillary agreements or arrangements regarding Cash Collateral use or the DIP Financing (i) that are materially prejudicial to their interests with respect
to the Term Loan Priority Collateral or (ii) such DIP Financing does not compel any New Grantor to seek confirmation of a specific plan of reorganization for which all or substantially all of the material terms are set forth in the DIP
Financing documentation or a related document. No ABL Claimholder (unless such ABL Claimholder is also a Term Loan Claimholder) may provide DIP Financing to any New Grantor secured by Liens on Term Loan Priority Collateral equal or senior in
priority to the Liens securing any Term Loan Obligations. The Pari Passu Collateral Agent, on behalf of itself and each other ABL Claimholder, agrees that it will not oppose any sale of Term Loan Priority Collateral free and clear of the Liens of
the ABL Claimholders conducted in accordance with Section 363 of the Bankruptcy Code (or any equivalent provisions in any other applicable jurisdictions) that has been consented to by 

  
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the Term Loan Collateral Agent, and it (i) will be deemed to have consented to any such sale, (ii) will agree not to seek consultation rights in connection therewith and
(iii) shall not have the right to credit bid under Section 363(k) of the Bankruptcy Code with respect to any such sale unless the cash portion of any such bid is sufficient to a cause a Discharge of Term Loan Obligations. Nothing in this
Agreement shall in any way limit or affect the rights of the Term Loan Claimholders or the ABL Claimholders to object to any plan on any basis. 

6.2    Relief from the Automatic Stay. Until the Discharge of Term Loan Obligations has
occurred, the Pari Passu Collateral Agent, on behalf of itself and each other ABL Claimholder, agrees that none of them shall: (i) seek (or support any other Person seeking) relief from the automatic stay or any other stay in any Insolvency or
Liquidation Proceeding of any New Grantor in respect of the Term Loan Priority Collateral, without the prior written consent of the Term Loan Collateral Agent, unless a motion for adequate protection permitted under Section 6.3 has been denied
by a bankruptcy court or (ii) oppose (or support any other Person in opposing) any request by the Term Loan Collateral Agent for relief from such stay. 

6.3    Adequate Protection. 

(a)    The Pari Passu Collateral Agent, on behalf of itself and each other ABL Claimholder, agrees that
none of them shall contest (or support any other Person contesting): 
 (1)    any request by the Term
Loan Collateral Agent or any other Term Loan Claimholder for adequate protection under any Bankruptcy Law with respect to Term Loan Priority Collateral; or 

(2)    any objection by the Term Loan Collateral Agent or any other Term Loan Claimholder to any motion,
relief, action or proceeding based on the Term Loan Collateral Agent or any Term Loan Claimholder claiming a lack of adequate protection with respect to Term Loan Priority Collateral. 

(b)    Notwithstanding the foregoing provisions in this Section 6.3, in any Insolvency or Liquidation
Proceeding of any New Grantor: 
 (1)    if the Term Loan Claimholders (or any subset thereof) are
granted adequate protection with respect to Term Loan Priority Collateral in the form of additional collateral in connection with any Cash Collateral use or DIP Financing, then the Pari Passu Collateral Agent, for itself and any other ABL
Claimholder, may seek or request adequate protection in the form of a Lien on such additional collateral, which Lien will be subordinated to the Liens securing the Term Loan Obligations and such Cash Collateral use or DIP Financing (and all
Obligations relating thereto) on the same basis as the other Liens securing the ABL Obligations are so subordinated to the Term Loan Obligations under this Agreement; and 

  
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 (2)    the Pari Passu Collateral Agent and ABL Claimholders
shall only be permitted to seek adequate protection with respect to their rights in the Term Loan Priority Collateral in any Insolvency or Liquidation Proceeding of any New Grantor in the form of (A) additional collateral; provided that
as adequate protection for the Term Loan Obligations, the Term Loan Collateral Agent, on behalf of the Term Loan Claimholders, is also granted a Lien on such additional collateral, which Lien shall be senior to any Lien of the Pari Passu Collateral
Agent and the ABL Claimholders on such additional collateral; (B) replacement Liens on the Term Loan Priority Collateral; provided that as adequate protection for the Term Loan Obligations, the Term Loan Collateral Agent, on behalf of
the Term Loan Claimholders, is also granted replacement Liens on the Term Loan Priority Collateral, which Liens shall be senior to the Liens of the Pari Passu Collateral Agent and the ABL Claimholders on the Term Loan Priority Collateral;
(C) an administrative expense claim against any New Grantor; provided that as adequate protection for the Term Loan Obligations, the Term Loan Collateral Agent, on behalf of the Term Loan Claimholders, is also granted an administrative
expense claim against such New Grantor which is senior and prior to the administrative expense claim of the Pari Passu Collateral Agent and the other ABL Claimholders; and (D) cash payments with respect to Post-Petition Interest on the ABL
Obligations to the extent such Post-Petition Interest relates to the value of the ABL Claimholders’ Lien on the Term Loan Priority Collateral; provided that (1) as adequate protection for the Term Loan Obligations, the Term Loan
Collateral Agent, on behalf of the Term Loan Claimholders, is also granted cash payments with respect to Post-Petition Interest on the Term Loan Obligations to the extent such Post-Petition Interest relates to the value of the Term Loan
Claimholders’ Lien on the Term Loan Priority Collateral, and (2) such cash payments do not exceed an amount equal to the interest accruing on the principal amount of ABL Obligations outstanding on the date such relief is granted at the
interest rate under the applicable ABL Documents and accruing from the date the Pari Passu Collateral Agent is granted such relief. If any ABL Claimholder receives Post-Petition Interest and/or adequate protection payments in an Insolvency or
Liquidation Proceeding of any New Grantor with respect to the Term Loan Priority Collateral (“ABL Adequate Protection Payments”), and the Term Loan Claimholders do not receive payment in full in cash of all Term Loan Obligations
upon the effectiveness of the plan of reorganization for, or conclusion of, that Insolvency or Liquidation Proceeding, then each ABL Claimholder shall pay over to the Term Loan Collateral Agent for the benefit of the Term Loan Claimholders an amount
(the “Pay-Over Amount”) equal to the lesser of (i) the ABL Adequate Protection Payments received by such ABL Claimholders and (ii) the

  
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amount of the short-fall (the “Short Fall”) in payment in full in cash of the Term Loan Obligations; provided that to the extent any portion of the Short Fall represents
payments received by the Term Loan Claimholders in the form of promissory notes, equity or other property, equal in value to the cash paid in respect of the Pay-Over Amount, the Term Loan Claimholders shall,
upon receipt of the Pay-Over Amount, transfer those promissory notes, equity or other property, equal in value to the cash paid in respect of the Pay-Over Amount, to the
applicable ABL Claimholders based on their respective ABL Pro Rata Percentage in exchange for the Pay-Over Amount. Notwithstanding anything herein to the contrary, the Term Loan Claimholders shall not be
deemed to have consented to, and expressly retain their rights to object to, the grant of adequate protection in the form of cash payments to the ABL Claimholders made pursuant to this Section 6.3(b). 

(c)    The Pari Passu Collateral Agent, on behalf of itself and each other ABL Claimholder, agrees that
notice of a hearing to approve DIP Financing or use of Cash Collateral on an interim basis shall be adequate if delivered to the Pari Passu Collateral Agent at least two (2) Business Days in advance of such hearing and that notice of a hearing
to approve DIP Financing or use of Cash Collateral on a final basis shall be adequate if delivered to the Pari Passu Collateral Agent at least fifteen (15) days in advance of such hearing. 

6.4    No Waiver. Subject to Section 6.7(b), nothing contained herein shall
prohibit or in any way limit the Term Loan Collateral Agent or any other Term Loan Claimholder from objecting in any Insolvency or Liquidation Proceeding of any New Grantor or otherwise to any action taken by the Pari Passu Collateral Agent or any
of the other ABL Claimholders with respect to the Term Loan Priority Collateral, including the seeking by the Pari Passu Collateral Agent or any other ABL Claimholder of adequate protection or the asserting by the Pari Passu Collateral Agent or any
other ABL Claimholder of any of its rights and remedies under the applicable ABL Documents or otherwise, in each case in respect of the Term Loan Priority Collateral. 

6.5    Avoidance Issues. If any Term Loan Claimholder is required in any Insolvency or
Liquidation Proceeding or otherwise to turn over or otherwise pay to the estate of any New Grantor any amount paid in respect of Term Loan Obligations (a “Recovery”), then such Term Loan Claimholder shall be
entitled to a reinstatement of its Term Loan Obligations with respect to all such recovered amounts on the date of such Recovery, and from and after the date of such reinstatement the Discharge of Term Loan Obligations shall be deemed not to have
occurred for all purposes hereunder. If this Agreement shall have been terminated prior to such Recovery, this Agreement shall be reinstated in full force and effect, and such prior termination shall not diminish, release, discharge, impair or
otherwise affect the obligations of the parties hereto from such date of reinstatement. This Section 6.5 shall survive termination of this Agreement. 

6.6    Reorganization Securities. If, in any Insolvency or Liquidation Proceeding of any
New Grantor, debt obligations of the reorganized debtor of any New 

  
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Grantor secured by Liens upon any property of the reorganized debtor of any New Grantor are distributed pursuant to a plan of reorganization, arrangement, compromise or liquidation or similar
dispositive restructuring plan, both on account of Term Loan Obligations and on account of ABL Obligations, then, to the extent the debt obligations distributed on account of the Term Loan Obligations and on account of the ABL Obligations are
secured by Liens upon the same property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations. 

6.7    Post-Petition Interest. 

(a)    None of the Pari Passu Collateral Agent or any other ABL Claimholder shall oppose or seek to
challenge any claim by the Term Loan Collateral Agent or any other Term Loan Claimholder for allowance in any Insolvency or Liquidation Proceeding of any New Grantor of Term Loan Obligations consisting of Post-Petition Interest to the extent of the
value of any Term Loan Claimholder’s Lien on the Term Loan Priority Collateral, without regard to the existence of the Liens of the Pari Passu Collateral Agent or the other ABL Claimholders on the Term Loan Priority Collateral. 

(b)    None of the Term Loan Collateral Agent or any other Term Loan Claimholder shall oppose or seek to
challenge any claim by the Pari Passu Collateral Agent or any other ABL Claimholder for allowance in any Insolvency or Liquidation Proceeding of any New Grantor of ABL Obligations consisting of Post-Petition Interest to the extent of the value of
the Lien of the Pari Passu Collateral Agent, on behalf of the ABL Claimholders, on the Term Loan Priority Collateral (after taking into account the amount of the Term Loan Obligations). 

6.8    Waiver. The Pari Passu Collateral Agent, on behalf of itself and each other ABL
Claimholder, waives any claim it may hereafter have against any Term Loan Claimholder arising out of the election of any Term Loan Claimholder of the application of Section 1111(b)(2) of the Bankruptcy Code, and/or out of any cash collateral or
financing arrangement or out of any grant of a security interest, in each case in connection with the Term Loan Priority Collateral in any Insolvency or Liquidation Proceeding of any New Grantor so long as such actions are not in express
contravention of the terms of this Agreement. 
 6.9    Separate Grants of Security
and Separate Classification. Each New Grantor, the Pari Passu Collateral Agent, on behalf of itself and each other ABL Claimholder, and the Term Loan Collateral Agent on behalf of itself and each other Term Loan Claimholder, each acknowledges and
agrees that: 
 (a)    the grants of Liens on the Term Loan Priority Collateral pursuant to the Term Loan
Collateral Documents and the Pari Passu Collateral Documents constitute two separate and distinct grants of Liens; and 

  
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 (b)    because of, among other things, their differing rights
in the Term Loan Priority Collateral, the ABL Obligations are fundamentally different from the Term Loan Obligations and must be separately classified in any plan of reorganization proposed or adopted in an Insolvency or Liquidation Proceeding of
any New Grantor. 
 To further effectuate the intent of the parties as provided in the immediately preceding sentence, if it is held that
the claims of the Term Loan Claimholders and the ABL Claimholders in respect of the Term Loan Priority Collateral constitute only one secured claim (rather than separate classes of senior and junior secured claims), then each of the parties hereto
hereby acknowledges and agrees that all distributions shall be made as if there were separate classes of senior and junior secured claims against any New Grantor in respect of the Term Loan Priority Collateral (with the effect being that, to the
extent that the aggregate value of the Term Loan Priority Collateral is sufficient (for this purpose ignoring all claims held by the ABL Claimholders), the Term Loan Claimholders shall be entitled to receive, in addition to amounts distributed to
them in respect of principal, pre-petition interest and other claims, all amounts owing (or that would be owing if there were such separate classes of senior and junior secured claims) in respect of
Post-Petition Interest (including any additional interest payable pursuant to the Term Loan Documents arising from or related to a default, which is disallowed as a claim in any Insolvency or Liquidation Proceeding of any New Grantor) before any
distribution is made in respect of the claims held by the ABL Claimholders with respect to the Term Loan Priority Collateral, with the Pari Passu Collateral Agent, on behalf of itself and each other ABL Claimholder, hereby acknowledging and agreeing
to turn over to the Term Loan Collateral Agent, on behalf of itself and each other Term Loan Claimholder, Term Loan Priority Collateral or proceeds of Term Loan Priority Collateral otherwise received or receivable by them to the extent necessary to
effectuate the intent of this sentence, even if such turnover has the effect of reducing the claim or recovery of the ABL Claimholders). 
 
6.10    Effectiveness in Insolvency or Liquidation Proceedings. The Parties acknowledge that this Agreement is a “subordination agreement” under Section 
510(a) of the Bankruptcy Code with respect to the Term Loan Priority Collateral, which will be effective before, during and after the commencement of an Insolvency or Liquidation Proceeding. All references in this Agreement to any New Grantor will include
 such Person as a debtor-in-possession and any receiver or trustee for such Person in an Insolvency or Liquidation Proceeding. 

SECTION 7.    Reliance; Waivers; Etc. 

7.1    Reliance. Other than any reliance on the terms of this Agreement, the Term Loan
Collateral Agent, on behalf of itself and each other Term Loan Claimholder, acknowledges that it and such other Term Loan Claimholders have, independently and without reliance on the Pari Passu Collateral Agent or any other ABL Claimholder, and
based on documents and information deemed by them appropriate, made their own credit analysis and decision to enter into each of the Term Loan Documents and be bound by the terms of this Agreement and they will continue to make

  
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their own credit decision in taking or not taking any action under the Term Loan Documents or this Agreement. The Pari Passu Collateral Agent and each ABL Agent, on behalf of itself and each
other ABL Claimholder that it represents hereunder, acknowledges that it and such other ABL Claimholders have, independently and without reliance on the Term Loan Collateral Agent or any other Term Loan Claimholder, and based on documents and
information deemed by them appropriate, made their own credit analysis and decision to enter into each of the respective ABL Loan Documents to which it is a party and be bound by the terms of this Agreement and they will continue to make their own
credit decision in taking or not taking any action under the respective ABL Loan Documents or this Agreement. 
 
7.2    
No Warranties or Liability. The Term Loan Collateral Agent, on behalf of itself and each other Term Loan Claimholder, acknowledges and agrees that none of the Pari Passu Collateral Agent or any other ABL Claimholder has made any express or implied representation
 or warranty, including with respect to the execution, validity, legality, completeness, collectability or enforceability of any of the Term Loan Documents, the ownership of any Term Loan Priority Collateral or the perfection or priority of any Liens thereon.
 Except as otherwise provided herein, the ABL Claimholders will be entitled to manage and supervise their respective loans and extensions of credit under the respective ABL Loan Documents in accordance with law and as they may otherwise, in their sole
 discretion, deem appropriate. The Pari Passu Collateral Agent and each ABL Agent, on behalf of itself and each other ABL Claimholder, acknowledges and agrees that none of the Term Loan Collateral Agent or any other Term Loan Claimholder has made any express
 or implied representation or warranty, including with respect to the execution, validity, legality, completeness, collectability or enforceability of any of the Term Loan Documents, the ownership of any Term Loan Priority Collateral or the perfection
 or priority of any Liens thereon. Except as otherwise provided herein, the Term Loan Claimholders will be entitled to manage and supervise their respective loans and extensions of credit under the Term Loan Documents in accordance with law and as they
 may otherwise, in their sole discretion, deem appropriate. The Pari Passu Collateral Agent and the other ABL Claimholders shall have no duty to the Term Loan Collateral Agent or any other Term Loan Claimholder, and the Term Loan Collateral Agent and the
 other Term Loan Claimholders shall have no duty to the Pari Passu Collateral Agent or any other ABL Claimholder, to act or refrain from acting in a manner which allows, or results in, the occurrence or continuance of an event of default or default under
 any agreements with any New Grantor (including the Term Loan Documents and the ABL Loan Documents), regardless of any knowledge thereof which they may have or be charged with. 

7.3    No Waiver of Lien Priorities. 

(a)    No right of the Term Loan Claimholders, the Term Loan Collateral Agent or any of them to enforce any
provision of this Agreement or any Term Loan Document shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of any New Grantor or by any act or failure to act by any Term Loan Claimholder or the Term Loan
Collateral Agent, or by any noncompliance by any Person with the terms, provisions and covenants of this 

  
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Agreement, any of the Term Loan Documents or any of the ABL Loan Documents, regardless of any knowledge thereof which the Term Loan Collateral Agent or any Term Loan Claimholder, or any of them,
may have or be otherwise charged with. 
 (b)    Without in any way limiting the generality of the
foregoing paragraph (but subject to the rights of the New Grantors under the Term Loan Documents and subject to the provisions of Section 5.3(a)), the Term Loan Claimholders, the Term Loan Collateral Agent and any of them may, at any time and
from time to time in accordance with the Term Loan Documents and/or applicable law, without the consent of, or notice to, the Pari Passu Collateral Agent or any other ABL Claimholder, without incurring any liabilities to the Pari Passu Collateral
Agent or any other ABL Claimholder and without impairing or releasing the Lien priorities on the Term Loan Priority Collateral and other benefits provided in this Agreement (even if any right of subrogation or other right or remedy of the Pari Passu
Collateral Agent or any other ABL Claimholder is affected, impaired or extinguished thereby) do any one or more of the following: 

(1)    change the manner, place or terms of payment or change or extend the time of payment of, or amend,
renew, exchange, increase or alter, the terms of any of the Term Loan Obligations or any Lien on any Term Loan Priority Collateral or guaranty by any New Grantor of any of the Term Loan Obligations or any liability of any New Grantor, or any
liability incurred directly or indirectly in respect thereof (including any increase in or extension of the Term Loan Obligations, without any restriction as to the tenor or terms of any such increase or extension) or otherwise amend, renew,
exchange, extend, modify or supplement in any manner any Liens on the Term Loan Priority Collateral held by the Term Loan Collateral Agent or any of the other Term Loan Claimholders, the Term Loan Obligations or any of the Term Loan Documents; 

(2)    sell, exchange, release, surrender, realize upon, enforce or otherwise deal with in any manner and
in any order any part of the Term Loan Priority Collateral or any liability of any New Grantor to any of the Term Loan Claimholders or the Term Loan Collateral Agent, or any liability incurred directly or indirectly in respect thereof; 

(3)    settle or compromise any Term Loan Obligation of any New Grantor or any other liability of any New
Grantor or any security granted by any New Grantor therefor or any liability incurred directly or indirectly in respect thereof and apply any sums by whomsoever paid and however realized to any liability (including the Term Loan Obligations of any
New Grantor) in any manner or order; and 

  
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 (4)    exercise or delay in or refrain from exercising any
right or remedy against any New Grantor or any security granted by any New Grantor, and elect any remedy against any New Grantor and otherwise deal freely with any New Grantor or any Term Loan Priority Collateral and any security granted by any New
Grantor and any guarantor or any liability of any New Grantor to the Term Loan Claimholders or any liability incurred directly or indirectly in respect thereof. 

(c)    Until the Discharge of Term Loan Obligations, the Pari Passu Collateral Agent, on behalf of itself
and each other ABL Claimholder, agrees not to assert and hereby waives, to the fullest extent permitted by law, any right to demand, request, plead or otherwise assert or otherwise claim the benefit of any marshaling, appraisal, valuation or other
similar right that may otherwise be available under applicable law with respect to the Term Loan Priority Collateral or any other similar rights a junior secured creditor may have under applicable law with respect to the Term Loan Priority
Collateral. 
 7.4    Obligations Unconditional. All rights, interests, agreements and
obligations of the Term Loan Collateral Agent and the Term Loan Claimholders and the Pari Passu Collateral Agent and the other ABL Claimholders, respectively, hereunder shall remain in full force and effect irrespective of: 

(a)    any lack of validity or enforceability of any Term Loan Documents or any ABL Loan Documents; 

(b)    except as otherwise expressly set forth in this Agreement, any change in the time, manner or place
of payment of, or in any other terms of, all or any of the Term Loan Obligations or ABL Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the
terms of any Term Loan Document or any ABL Loan Document; 
 (c)    except as otherwise expressly set
forth in this Agreement, any exchange of any security interest in any Term Loan Priority Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of
the Term Loan Obligations or ABL Obligations or any guarantee thereof; 
 (d)    the commencement of any
Insolvency or Liquidation Proceeding in respect of any New Grantor; or 
 (e)    any other circumstances
which otherwise might constitute a defense available to, or a discharge of, any New Grantor in respect of the Term Loan Collateral Agent, the Term Loan Obligations, any Term Loan Claimholder, the Pari Passu Collateral Agent, the ABL Obligations or
any ABL Claimholder in respect of this Agreement. 

  
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 SECTION 8.    Miscellaneous. 

8.1    Integration/Conflicts. This Agreement, the ABL Loan Documents and the Term Loan
Documents represent the entire agreement of the New Grantors, the Term Loan Claimholders and the ABL Claimholders with respect to the subject matter hereof and thereof, and supersede any and all previous agreements and understandings, oral or
written, relating to the subject matter hereof and thereof. There are no promises, undertakings, representations or warranties by the Term Loan Claimholders or the ABL Claimholders relative to the subject matter hereof and thereof not expressly set
forth or referred to herein or therein. In the event of any conflict between the provisions of this Agreement and the provisions of the Term Loan Documents or the ABL Documents or any of the ABL Intercreditor Agreements, the provisions of this
Agreement shall govern and control with respect to the Term Loan Priority Collateral or any actions against any New Grantor. In the event of any conflict between the provisions of any of the ABL Intercreditor Agreements and the provisions of the
Term Loan Documents, the ABL Documents or this Agreement, the provisions of the applicable ABL Intercreditor Agreement shall govern and control with respect to the corresponding ABL Priority Collateral and any actions against the applicable ABL
Priority Collateral Grantors. 
 8.2    Effectiveness; Continuing Nature of this
Agreement; Severability. This Agreement shall become effective when executed and delivered by the parties hereto. This is a continuing agreement of lien subordination on the Term Loan Priority Collateral and the Term Loan Claimholders may continue,
at any time and without notice to the Pari Passu Collateral Agent or any other ABL Claimholder subject to the ABL Loan Documents, to extend credit and other financial accommodations and lend monies to or for the benefit of the Company or any other
New Grantor constituting Term Loan Obligations in reliance hereof. The Pari Passu Collateral Agent, on behalf of itself and each other ABL Claimholder, hereby waives any right it may have under applicable law to revoke this Agreement or any of the
provisions of this Agreement. The terms of this Agreement shall survive, and shall continue in full force and effect, in any Insolvency or Liquidation Proceeding of any New Grantor. Any provision of this Agreement that 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. The parties hereto shall endeavor in good faith negotiations to replace any invalid, illegal or unenforceable provisions with valid provisions the economic effect of which
comes as close as possible to those of the invalid, illegal or unenforceable provisions. All references to any New Grantor shall include such New Grantor as debtor and
debtor-in-possession and any receiver, trustee or similar person for any other New Grantor (as the case may be) in any Insolvency or Liquidation Proceeding of any New
Grantor. This Agreement shall terminate and be of no further force and effect on the earlier to occur of (x) the date on which there has been a Discharge of Term Loan Obligations and (y) the date on which there has been a Discharge of ABL
Obligations, in each case, subject to Sections 5.6 and 6.5; provided, however, that no termination shall relieve any party of its obligations incurred hereunder prior to the date of termination; provided, further,
that the provisions of Section 9 hereof shall continue until a Discharge of ABL Obligations. 

  
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 8.3    Amendments; Waivers. Subject to
Section 9.1(a)(6) hereof, no amendment, modification or waiver of any of the provisions of this Agreement by the Pari Passu Collateral Agent or the Term Loan Collateral Agent shall be deemed to be made unless the same shall be in writing signed
on behalf of each party hereto or its authorized agent and each waiver, if any, shall be a waiver only with respect to the specific instance involved and shall in no way impair the rights of the parties making such waiver or the obligations of the
other parties to such party in any other respect or at any other time. Notwithstanding the foregoing, no New Grantor shall have any right to consent to or approve any amendment, modification or waiver of any provision of this Agreement, except with
respect to this Section 8.3 (including, in each case, each defined term referred to therein to the extent used therein) to the extent such amendment, modification or waiver directly and adversely affects the rights of such New Grantor. Further,
notwithstanding the foregoing, no party other than the Pari Passu Collateral Agent and the ABL Agents shall have any right to consent to or approve any amendment, modification or waiver of any provision of Section 9 (including, in each case,
each defined term referred to only therein to the extent used therein), except to the extent such amendment, modification or waiver directly and adversely affects the rights of such other party. 

8.4    Information Concerning Financial Condition of the ABL Borrower and its
Subsidiaries. The Term Loan Collateral Agent and the Term Loan Claimholders, on the one hand, and the ABL Claimholders and the Pari Passu Collateral Agent, on the other hand, shall each be responsible for keeping themselves informed of (a) the
financial condition of the New Grantors and all endorsers and/or guarantors of the Term Loan Obligations or the ABL Obligations and (b) all other circumstances bearing upon the risk of nonpayment of the Term Loan Obligations or the ABL
Obligations. The Term Loan Collateral Agent and the other Term Loan Claimholders shall have no duty to advise the Pari Passu Collateral Agent or any other ABL Claimholder of information known to it or them regarding such condition or any such
circumstances or otherwise. In the event the Term Loan Collateral Agent or any of the other Term Loan Claimholders, in its or their sole discretion, undertakes at any time or from time to time to provide any such information to the Pari Passu
Collateral Agent or any other ABL Claimholder, it or they shall be under no obligation: 
 (a)    to
make, and the Term Loan Collateral Agent and the other Term Loan Claimholders shall not make, any express or implied representation or warranty, including with respect to the accuracy, completeness, truthfulness or validity of any such information
so provided; 
 (b)    to provide any additional information or to provide any such information on any
subsequent occasion; 
 (c)    to undertake any investigation; or 

  
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 (d)    to disclose any information, which pursuant to
accepted or reasonable commercial finance practices, such party wishes to maintain confidential or is otherwise required to maintain confidential. 

8.5    Subrogation. With respect to the value of any payments or distributions in cash,
property or other assets that any of the ABL Claimholders or the Pari Passu Collateral Agent pays over to the Term Loan Collateral Agent or the Term Loan Claimholders under the terms of this Agreement, the ABL Claimholders and the Pari Passu
Collateral Agent shall be subrogated to the rights of the Term Loan Collateral Agent and the Term Loan Claimholders; provided that the Pari Passu Collateral Agent, on behalf of itself and each other ABL Claimholder, hereby agrees not to assert or
enforce any such rights of subrogation it may acquire as a result of any payment hereunder until the Discharge of Term Loan Obligations has occurred. Each New Grantor acknowledges and agrees that the value of any payments or distributions in cash,
property or other assets received by the Pari Passu Collateral Agent or the ABL Claimholders that are paid over to the Term Loan Collateral Agent or the Term Loan Claimholders pursuant to this Agreement shall not reduce any of the ABL Obligations.

 8.6    Application of Payments. All payments received by the Term Loan Collateral
Agent or the Term Loan Claimholders from any New Grantor may be applied, reversed and reapplied, in whole or in part, to such part of the Term Loan Obligations provided for in the Term Loan Documents. The Pari Passu Collateral Agent, on behalf of
itself and each other ABL Claimholder, agrees to any extension or postponement of the time of payment of the Term Loan Obligations or any part thereof and to any other indulgence with respect thereto, to any substitution, exchange or release of any
Lien which may at any time secure any part of the Term Loan Obligations. 

8.7    Submission to Jurisdiction; Certain Waivers. Each of the New Grantor, the Term
Loan Collateral Agent on behalf of itself and each other Term Loan Claimholder, the Pari Passu Collateral Agent and each ABL Agent, on behalf of itself and each ABL Claimholder hereby irrevocably and unconditionally: 

(a)    submits for itself and its property in any legal action or proceeding relating to this Agreement and
the Collateral Documents (whether arising in contract, tort or otherwise) 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
sitting in the Borough of Manhattan, the courts of the United States for the Southern District of New York sitting in the Borough of Manhattan, and appellate courts from any thereof; 

(b)    agrees that all claims in respect of any such action or proceeding shall be heard and determined in
such New York state court or, to the fullest extent permitted by applicable law, in such federal court; 

(c)    agrees that a final judgment in any such action or proceeding shall be conclusive and may be
enforced in other jurisdictions by suit on the judgment or in any other manner provided by law and that nothing in this 

  
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Agreement or any other Term Loan Document or ABL Loan Document shall affect any right that any Secured Party may otherwise have to bring any action or proceeding relating to this Agreement or any
other Term Loan Document or ABL Loan Document against such New Grantor or any of its assets in the courts of any jurisdiction; 

(d)    waives, to the fullest extent permitted by applicable law, any objection that it may now or
hereafter have to the laying of venue of any action or proceeding arising out of or relating to this Agreement or any other Collateral Documents in any court referred to in Section 8.7(a) (and irrevocably waives to the fullest extent permitted
by applicable law the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court); 

(e)    consents to service of process in any such proceeding in any such court by registered or certified
mail, return receipt requested, to the applicable party at its address provided in accordance with Section 8.9 (and agrees that nothing in this Agreement will affect the right of any party hereto to serve process in any other manner permitted
by applicable law); 
 (f)    agrees that service as provided in Section 8.7(e) is sufficient to
confer personal jurisdiction over the applicable party in any such proceeding in any such court, and otherwise constitutes effective and binding service in every respect; and 

(g)    waives, to the maximum extent not prohibited by law, any right it may have to claim or recover any
special, exemplary, punitive or consequential damages. 
 8.8    WAIVER OF JURY TRIAL.

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

  
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REPRESENTS AND WARRANTS THAT IT HAS REVIEWED THIS WAIVER WITH ITS LEGAL COUNSEL AND THAT IT KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL.

 8.9    Notices. All notices to the Term Loan Claimholders and the ABL
Claimholders permitted or required under this Agreement shall be sent to the Term Loan Collateral Agent and the Pari Passu Collateral Agent, respectively. Unless otherwise specifically provided herein, any notice hereunder shall be in writing and
may be personally served or sent by telefacsimile, electronic mail or United States mail or courier service and shall be deemed to have been given when delivered in person or by courier service and signed for against receipt thereof, upon receipt of
telefacsimile or electronic mail, or three Business Days after depositing it in the United States mail with postage prepaid and properly addressed. For the purposes hereof, the addresses of the parties hereto shall be as set forth below each
party’s name on the signature pages hereto or in the Joinder Agreement pursuant to which it becomes a party hereto, or, as to each party, at such other address as may be designated by such party in a written notice to all of the other parties.

 8.10    Further Assurances. The Term Loan Collateral Agent, on behalf of itself and
each other Term Loan Claimholder under the Term Loan Documents, and the Pari Passu Collateral Agent and each ABL Agent, on behalf of itself and each other ABL Claimholder under the ABL Loan Documents, and each New Grantor, agree that each of them
shall take such further action and shall execute and deliver such additional documents and instruments (in recordable form, if requested) as the Term Loan Collateral Agent or the Pari Passu Collateral Agent may reasonably request to effectuate the
terms of and the Lien priorities in respect of the Term Loan Priority Collateral contemplated by this Agreement. 
 
8.11    Applicable Law. THIS AGREEMENT AND ANY DISPUTE, CLAIM OR CONTROVERSY ARISING OUT OF OR RELATING TO THIS AGREEMENT (WHETHER ARISING IN CONTRACT, TORT OR OTHERWISE) SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED
IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICTS OF LAW RULES THAT WOULD RESULT IN THE APPLICATION OF A DIFFERENT GOVERNING LAW (OTHER THAN ANY MANDATORY PROVISIONS OF THE UCC RELATING TO THE LAW GOVERNING
PERFECTION AND THE EFFECT OF PERFECTION OR PRIORITY OF THE SECURITY INTERESTS IN THE COLLATERAL). 

8.12    Binding on Successors and Assigns. This Agreement shall be binding upon the Term
Loan Collateral Agent, the other Term Loan Claimholders, the Pari Passu Collateral Agent, the ABL Agents, the other ABL Claimholders, the New Grantors, and their respective successors and assigns from time to time. If any of the Term Loan Collateral
Agent, the Pari Passu Collateral Agent or the ABL Agents resigns or is replaced pursuant to the Term Loan Documents or the ABL Loan Documents, as 

  
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applicable, its successor and/or assign shall be deemed to be a party to this Agreement and shall have all the rights of, and be subject to all the obligations of, this Agreement. No provision of
this Agreement will inure to the benefit of a bankruptcy trustee, debtor-in-possession, creditor trust or other representative of an estate or creditor of any New
Grantor, including where any such bankruptcy trustee, debtor-in-possession, creditor trust or other representative of an estate is the beneficiary of a Lien securing
Term Loan Priority Collateral by virtue of the avoidance of such Lien in an Insolvency or Liquidation Proceeding. 
 
8.13    
Section Headings. The section headings and the table of contents used in this Agreement are included herein for convenience of reference only and shall not constitute a part of this Agreement for any other purpose, be given any substantive effect, affect
 the construction hereof or be taken into consideration in the interpretation hereof. 

8.14    Counterparts. This Agreement may be executed by one or more of the parties to
this Agreement on any number of separate counterparts , and all of said counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of an executed signature page of this Agreement by facsimile or other electronic
transmission (e.g., in “pdf” or “tif” format) shall be effective as delivery of a manually executed counterpart hereof. 

8.15    Authorization. By its signature, each Person executing this Agreement, on behalf
of such Person but not in his or her personal capacity as a signatory, represents and warrants to the other parties hereto that it is duly authorized to execute this Agreement. 

8.16    No Third Party Beneficiaries/ Provisions Solely to Define Relative Rights. This
Agreement and the rights and benefits hereof shall inure to the benefit of each of the ABL Claimholders and the Term Loan Claimholders and their respective successors and assigns from time to time. The provisions of this Agreement other than
Section 9 are and are intended solely for the purpose of defining the relative rights of the Term Loan Collateral Agent and the other Term Loan Claimholders on the one hand and the Term Loan Collateral Agent and the other Term Loan Claimholders
on the other hand and the provisions of Section 9 are and are intended solely for the purpose of setting forth the powers, duties and obligations of the Pari Passu Collateral Agent as collateral agent for the benefit of the holders of ABL
Obligations. Nothing herein shall be construed to limit the relative rights and obligations as among the Term Loan Claimholders or, other than set forth in Section 9, as among the ABL Claimholders. Other than as set forth in Section 8.3,
none of any New Grantor or any other creditor shall have any rights hereunder and neither any New Grantors nor any other creditor may rely on the terms hereof. Nothing in this Agreement is intended to or shall impair the obligations of any New
Grantor, which are absolute and unconditional, to pay the Term Loan Obligations and the ABL Obligations as and when the same shall become due and payable in accordance with their terms. 

  
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 8.17    Additional New Grantors. The
Company agrees that it shall ensure that each of its Subsidiaries that is or is to become a party to any Term Loan Collateral Document or any Pari Passu Collateral Document pursuant to which such Subsidiary has or will grant a lien on any its assets
to secure any Term Loan Obligations or ABL Obligations shall either execute this Agreement on the date hereof or shall confirm that it is a New Grantor hereunder pursuant to a Joinder Agreement substantially in the form attached hereto as Exhibit A
that is executed and delivered by such Subsidiary prior to or concurrently with its execution and delivery of such Term Loan Collateral Document or such Pari Passu Collateral Document. 

SECTION 9.    Collateral Agency with respect to ABL Obligations. 

9.1    Appointment and Undertaking of the Pari Passu Collateral Agent. 

(a)    Each ABL Agent, on its behalf and on behalf of each ABL Claimholder represented by such ABL Agent
hereby appoints the Pari Passu Collateral Agent to serve as Pari Passu Collateral Agent hereunder and under the Pari Passu Collateral Documents on the terms and conditions set forth herein. Subject to, and in accordance with, this Agreement, the
Pari Passu Collateral Agent will, as collateral agent, on behalf of the ABL Agents and the other ABL Claimholders, in accordance with the terms of this Agreement: 

(1)    accept, enter into, hold, maintain, administer and enforce all Pari Passu Collateral Documents,
including all Term Loan Priority Collateral subject thereto, and all Liens created thereunder by a New Grantor, perform its obligations hereunder and under the Pari Passu Collateral Documents and protect, exercise and enforce the interests, rights,
powers and remedies granted or available to it under, pursuant to or in connection with the Pari Passu Collateral Documents; 

(2)    take all lawful and commercially reasonable actions permitted under the Pari Passu Collateral
Documents that it may deem necessary or advisable to protect or preserve its interest in the Term Loan Priority Collateral subject thereto and such interests, rights, powers and remedies; 

(3)    deliver and receive notices pursuant to this Agreement and the Pari Passu Collateral Documents; 

(4)    sell, assign, collect, assemble, foreclose on, institute legal proceedings with respect to, or
otherwise exercise or enforce the rights and remedies of a secured party (including a mortgagee, trust deed beneficiary and insurance beneficiary or loss payee) with respect to the Term Loan Priority Collateral under the Pari Passu Collateral
Documents and its other interests, rights, powers and remedies; 
 (5)    remit as provided in
Section 9.4 all cash proceeds received by the Pari Passu Collateral Agent from the collection, foreclosure or enforcement of its interest against any New Grantor in the Term Loan Priority Collateral under the Pari Passu Collateral Documents or
any of its other interests, rights, powers or remedies; 

  
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 (6)    bind the ABL Claimholders to the other provisions of
this Agreement and execute and deliver amendments and supplements to this Agreement and the Pari Passu Collateral Documents as from time to time directed in writing by the ABL Controlling Agent; provided, that the Pari Passu Collateral Agent
may execute and deliver amendments and supplements to this Agreement and the Pari Passu Collateral Documents at any time without the written directions of the ABL Controlling Agent with respect to any amendment or supplement that has the effect
solely of: (i) adding or maintaining Term Loan Priority Collateral, securing any new ABL Debt permitted to be Refinanced in accordance with Section 5.6 hereof or preserving, perfecting or establishing the Liens thereon or the rights of the
Pari Passu Agent therein, (ii) providing for the assumption of any New Grantor’s obligations under any ABL Loan Document in the case of a merger or consolidation or sale of all or substantially all of the assets of such New Grantor to the
extent not prohibited by the terms of any ABL Loan Documents; and (iii) acknowledging joinder by any New ABL Agent agreeing to be bound by the terms of this Agreement pursuant to the written notice delivered in accordance with Section 5.6
hereof; provided, further, that no amendment or supplement that reduces, impairs or adversely affects the right of any ABL Claimholder: (A) to vote its outstanding ABL Obligations as to any matter described as subject to
instructions or directions of ABL Controlling Agent or amends the provisions of this proviso or the definition of “ABL Controlling Agent” or (B) to share in the order of application described in Section 9.4(a) in the
proceeds of enforcement of or realization on any Term Loan Priority Collateral that has not been released in accordance with the provisions of Section 5.1 or 9.2 hereof will become effective without the consent of the requisite percentage or
number of holders of each Series of ABL Obligations so affected under the applicable ABL Loan Documents; and 

(7)    release any Lien granted to it by any Pari Passu Collateral Document upon any Term Loan Priority
Collateral if and as required by Section 5.1 or 9.2 hereof. 
 (b)    Each ABL Agent, on its behalf
and the ABL Claimholders represented by such ABL Agent, acknowledges and consents to the undertaking of the Pari Passu Collateral Agent set forth in Section 9.1(a) (subject to Section 9.1(e)) and agrees to each of the other provisions of
this Agreement applicable to the Pari Passu Collateral Agent. 
 (c)    Notwithstanding anything to the
contrary contained in this Agreement, the Pari Passu Collateral Agent will not commence any Enforcement Action or otherwise take any action or proceeding against any of the Term Loan 

  
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Priority Collateral (other than actions as necessary to prove, protect or preserve the Liens on the Term Loan Priority Collateral of any New Grantor securing ABL Obligations as permitted by
Section 3.1(c)) until it shall have been directed in writing by the ABL Controlling Agent and then only in accordance with the provisions of this Agreement. 

(d)    Act or decline to act in connection with any Enforcement Action of Liens on Term Loan Priority
Collateral of any New Grantor as provided in Section 9.3 (subject to Section 9.1(e)). 

(e)    Notwithstanding the foregoing: 

(1)    The Pari Passu Collateral Agent will not consent or agree to any Liens constituting ABL Declined
Liens without the consent of each of the ABL Agents (such consent not to be unreasonably delayed or withheld); and 

(2)    The Pari Passu Collateral Agent will not accept any Lien on Term Loan Priority Collateral that
constitutes real property securing the ABL Obligations until each of the ABL Agents has confirmed to the Pari Passu Collateral Agent that all requirements for the pledging of such real property under the ABL Loan Documents represented by such ABL
Agent have been satisfied (such confirmation not to be unreasonably delayed or withheld). 
 (3)    The
Pari Passu Collateral Agent agrees to deliver to each ABL Agent: 
 (A)    Reasonable notice of any
proposed granting of Lien on Term Loan Priority Collateral pursuant to any Pari Passu Collateral Document to be executed by the Pari Passu Collateral Agent after the date of this Agreement; 

(B)    Promptly following the execution by the Pari Passu Collateral Agent of any document or instrument
in connection with release of any Lien on Term Loan Priority Collateral in accordance with the terms of this Agreement or any other Pari Passu Collateral Document (or, promptly following receipt of notice from Term Loan Collateral Agent of the
automatic release of any Lien on Term Loan Priority Collateral, if applicable), notice of such release; 

(C)    Promptly following receipt of any written instructions or directions from the ABL Controlling Agent
with respect to any Enforcement Action or other right or remedy in respect of any Lien on any Term Loan Priority Collateral, this Agreement or any Pari Passu Collateral Document, such written instructions or directions; 

  
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 (D)     Promptly following receipt of written notice from
Company of any event of default or material breach of any Pari Passu Collateral Document, such notice; 

(E)    Such other information as any ABL Agent may reasonably request with respect to any Pari Passu
Collateral Document or any Lien evidenced thereby. 
 9.2    Release or Subordination
of Liens on Term Priority Collateral. The Pari Passu Collateral Agent will not release or subordinate any Lien or consent to the release or subordination of any Lien, in each case on any Term Priority Collateral of any New Grantor, except: 

(a)    solely with respect to subordination, as directed in writing by the ABL Controlling Agent
accompanied by an Officers’ Certificate to the effect that the subordination was permitted by each applicable ABL Loan Documents; 

(b)    solely with respect to release, as required by Section 5.1 or as permitted by the Pari Passu
Collateral Documents; 
 (c)    as ordered pursuant to applicable law under a final and nonappealable
order or judgment of a court of competent jurisdiction; or 
 (d)    for the subordination of the Liens
on the Term Priority Collateral of the New Grantors securing ABL Obligations to the Liens on the Term Priority Collateral of the New Grantors securing Term Loan Obligations. 

9.3    Enforcement of Liens. After the Discharge of the Term Loan Obligations, if the
Pari Passu Collateral Agent at any time receives written notice that any event has occurred that constitutes a default under any ABL Loan Document entitling the Pari Passu Collateral Agent to take an Enforcement Action with respect to the Term Loan
Priority Collateral under the Pari Passu Collateral Documents, the Pari Passu Collateral Agent will promptly deliver written notice thereto to each ABL Agent. Thereafter, the Pari Passu Collateral Agent may await written instructions of the ABL
Controlling Agent and will act, or decline to act, as directed by the written instructions of the ABL Controlling Agent, in the exercise and enforcement of the Pari Passu Collateral Agent’s interests, rights, powers and remedies under the Pari
Passu Collateral Documents or applicable law, in each case, against any New Grantor or Term Loan Priority Collateral, and following the initiation of such exercise of remedies, the Pari Passu Collateral Agent will act, or decline to act, with
respect to the manner of such exercise of remedies as directed by the written instructions of the ABL Controlling Agent. Unless it has been directed to the contrary by the written instructions of the ABL Controlling Agent, the Pari Passu Collateral
Agent may (but will not be obligated to) take or refrain from taking such action against any Term Loan Priority Collateral or any New Grantor with respect to any default under any ABL Loan Document as it may deem advisable and in the best interest
of the ABL Claimholders, in each case, to the extent not inconsistent with this Agreement. 

  
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 9.4    Application of Proceeds to Holders
of ABL Obligations. 
 (a)    Subject to Sections 4.1 and 4.2 hereof, the Pari Passu Collateral Agent
will apply any Term Loan Priority Collateral or any proceeds thereof and any proceeds of insurance policy or condemnation or similar award covering any Term Loan Priority Collateral, in each case, received from the Term Loan Collateral Agent in
accordance with Section 4.1 or 5.2 of this Agreement or, after the Discharge of the Term Loan Obligations, in connection with any Enforcement Action or other exercise of remedies by the Pari Passu Collateral Agent or any ABL Claimholder, in
each case with respect to the Term Loan Priority Collateral, shall be applied by the Pari Passu Collateral Agent in the following order: first, to the payment of fees and any reasonable legal fees, costs and expenses or other liabilities of
any kind incurred by the Pari Passu Collateral Agent in connection with any Pari Passu Collateral Documents (including but not limited to, indemnification obligations that are then due and payable), in each case solely as a result of it acting in
its capacity as Pari Passu Collateral Agent in connection with any Pari Passu Collateral Documents; second, to the respective ABL Agent, based on the respective ABL Pro Rata Percentage of the ABL Claimholders represented by it hereunder, for
the payment in full of such Series ABL Obligations in such order as specified in the relevant ABL Loan Document until a Discharge of such ABL Obligations; and third, any balance of such proceeds remaining after the applicable pursuant to
preceding clauses first and second, to the New Grantors, their successors or assigns from time to time, or to whomever may be lawfully entitled to receive the same. Each New Grantor and ABL Agent agrees that any Term Loan
Priority Collateral or proceeds thereof applied to its ABL Obligations in respect of ABL Obligations comprised of Bank Product Obligations, the undrawn face amount of letters of credit, or any ABL Obligations owed to a Swap Party that are secured
pursuant to any applicable ABL Loan Document, or that are paid to any ABL Agent in excess of its respective ABL Obligations, that are not applied to its ABL Obligations in a final Discharge thereof will be remitted to the other ABL Agents in
accordance with their respective ABL Pro Rata Percentage until the respective ABL Obligations represented hereunder by such ABL Agents are Discharged. 

(b)    Subject to Section 4.2, whether or not any Insolvency or Liquidation Proceeding has been
commenced by or against any New Grantor, any Term Loan Priority Collateral or any proceeds thereof received by any ABL Agent or any other ABL Claimholder in connection with any Enforcement Action or other exercise of any right or remedy relating to
the Term Loan Priority Collateral, less any reasonable out-of-pocket expenses incurred in connection with such Enforcement Action, in all cases shall be segregated and
held in trust and forthwith paid over to the Pari Passu Collateral Agent for the benefit of the ABL Claimholders in the same form as received, with any necessary endorsements (which endorsements shall be without recourse and without any
representations or warranties) or as a court of competent jurisdiction may otherwise direct. 

  
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(c)    In connection with the application of proceeds pursuant to Section 9.4(a), except as otherwise instructed in writing by the ABL Controlling Agent, the Pari Passu
Collateral Agent may sell any non-cash proceeds of Term Loan Priority Collateral for cash prior to the application of the proceeds thereof. 

(d)    In making determinations and allocations in accordance with Section 9.4(a), the Pari Passu
Collateral Agent may conclusively rely upon information supplied by the relevant ABL Agent as to the unpaid amounts outstanding with respect to its respective ABL Obligations. 

9.5    Powers of the Pari Passu Collateral Agent. 

(a)    The Pari Passu Collateral Agent is irrevocably authorized and empowered to enter into and perform
its obligations and protect, perfect, exercise and enforce its interest, rights, powers and remedies under this Agreement, the Pari Passu Collateral Documents and applicable law and in equity and to act as set forth in this Section 9 or,
subject to the other provisions of this Agreement, as requested in any lawful directions given to it in writing from time to time in respect of any matter by the ABL Controlling Agent. 

(b)    No ABL Agent or ABL Claimholder (other than the Pari Passu Collateral Agent) will have any liability
whatsoever for any act or omission of the Pari Passu Collateral Agent. 

9.6    Documents and Communications. The Pari Passu Collateral Agent will permit each
ABL Agent and each ABL Claimholder upon reasonable written notice from time to time to inspect and copy, at the cost and expense of the New Grantors, any and all Pari Passu Collateral Documents and other documents, notices, certificates,
instructions or communications received by the Pari Passu Collateral Agent in its capacity as such. 

9.7    For Sole and Exclusive Benefit of the ABL Claimholders. The Pari Passu Collateral
Agent will accept, hold, administer, maintain and enforce all Liens on the Term Loan Priority Collateral at any time transferred or delivered to it and all other interests, rights, powers and remedies at any time granted to or enforceable by the
Pari Passu Collateral Agent against any New Grantor or any Term Loan Priority Collateral for the benefit of the holders of ABL Obligations, and will distribute all proceeds and received by it thereon or from enforcement thereof solely and
exclusively pursuant to the provisions hereof. 
 9.8    No Implied Duty. The Pari
Passu Collateral Agent will not have any fiduciary duties nor will it have responsibilities or obligations other than those expressly assumed by it in this Agreement and the other Pari Passu Collateral Documents. The Pari Passu Collateral Agent will
not be required to take any action that is contrary to applicable law or any provision of this Agreement or the other Pari Passu Collateral Documents. 

  
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 9.9    Appointment of Agents and Advisors.
The Pari Passu Collateral Agent may execute any of the powers hereunder or perform any duties hereunder or under any Pari Passu Collateral Document either directly or by or through agents, attorneys, accountants, appraisers or other experts or
advisors selected by it in good faith as it may reasonably require and will not be responsible for any misconduct or negligence on the part of any of them. 

9.10    Other Agreements. The Pari Passu Collateral Agent has accepted its appointment
as collateral agent hereunder and is bound by this Agreement and the Pari Passu Collateral Documents. The Pari Passu Collateral Agent will not otherwise be bound by, or be held obligated by, the provisions of any credit agreement, indenture, or
other agreement governing ABL Debt (other than this Agreement and the other Pari Passu Collateral Documents to which it is party). 
 
9.11    Solicitation of Instructions. 
 (a)        The Pari Passu Collateral
Agent may at any time solicit written confirmatory instructions from the ABL Controlling Agent, an Officers’ Certificate or an order of a court of competent jurisdiction, as to any action that it may be requested or required to take, or that it
may propose to take, in the performance of any of its obligations under this Agreement or the other Pari Passu Collateral Documents. 

(b)        No written direction given to the Pari Passu Collateral Agent by the ABL Controlling Agent
that in the sole judgment of the Pari Passu Collateral Agent imposes, purports to impose or might reasonably be expected to impose upon the Pari Passu Collateral Agent any obligation or liability not set forth in or arising under this Agreement and
the other Pari Passu Collateral Documents will be binding upon the Pari Passu Collateral Agent unless the Pari Passu Collateral Agent elects, at its sole option, to accept such direction. 

9.12    Limitation of Liability. The Pari Passu Collateral Agent will not be responsible
or liable for any action taken or omitted to be taken by it hereunder or under any other Pari Passu Collateral Document, except for its own gross negligence, bad faith or willful misconduct as determined by a court of competent jurisdiction. 

9.13    ABL Debt Default. The Pari Passu Collateral Agent will not be required to
inquire as to the occurrence or absence of any ABL Debt Default and will not be affected by or required to act upon any notice or knowledge as to the occurrence of any ABL Debt Default unless and until it is directed in writing by the ABL
Controlling Agent. 
 9.14    Actions by Pari Passu Collateral Agent. As to any matter
not expressly provided for by this Agreement or the other Pari Passu Collateral Documents, the Pari Passu Collateral Agent will act or refrain from acting as directed in writing by the ABL Controlling Agent and will be fully protected if it does so,
and any action taken, suffered or omitted pursuant to hereto or thereto shall be binding on the ABL Claimholders. 

  
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 9.15    Limitations on Duty of Pari Passu
Collateral Agent in Respect of Term Loan Priority Collateral. 
 (a)        The Pari Passu Collateral
Agent will not have any liability to any ABL Claimholder with respect to any act or omission with respect to the Term Loan Priority Collateral or any Pari Passu Collateral Document, and the Pari Passu Collateral Agent will be deemed to have
exercised reasonable care and good faith, if the Pari Passu Collateral Agent treats such Term Loan Priority Collateral, the Pari Passu Collateral Documents and the Liens on or evidenced thereby substantially in a manner equal to that which it
accords its own property, collateral documents and the Liens on or evidenced thereby; provided, however, that, notwithstanding the foregoing, the Pari Passu Collateral Agent will execute, file or record
UCC-3 continuation statements and other documents and instruments to preserve, protect or perfect the security interests granted to the Pari Passu Collateral Agent (subject to the priorities set forth herein)
if it shall receive a specific written request to execute, file or record the particular continuation statement or other specific document or instrument by an ABL Agent. The Pari Passu Collateral Agent shall deliver to each other ABL Agent a copy of
any such written request. The Pari Passu Collateral Agent will not be liable or responsible for any loss or diminution in the value of any of the Term Loan Priority Collateral by reason of the act or omission of any carrier, forwarding agency or
other agent or bailee selected by the Pari Passu Collateral Agent with reasonable care and in good faith. 

(b)        Except as provided in paragraph 9.15(a), the Pari Passu Collateral Agent will not be
responsible to any ABL Claimholder for the existence, genuineness or value of any of the Term Loan Priority Collateral or for the validity, perfection, priority or enforceability of the Liens in any of the Term Loan Priority Collateral, whether
impaired by operation of law or by reason of any action or omission to act on its part hereunder, except to the extent such action or omission constitutes negligence, bad faith or willful misconduct on the part of the Pari Passu Collateral Agent,
for the validity or sufficiency of the Term Loan Priority Collateral or any agreement or assignment contained therein, for the validity of the title of any New Grantor to the Term Loan Priority Collateral, for insuring the Term Loan Priority
Collateral or for the payment of taxes, charges, assessments or Liens upon the Term Loan Priority Collateral or otherwise as to the maintenance of the Term Loan Priority Collateral. The Pari Passu Collateral Agent hereby disclaims any representation
or warranty to the current and future holders of the ABL Obligations concerning the perfection of the security interests granted to it or in the value of any Term Loan Priority Collateral. 

9.16    No Liability for Clean Up of Hazardous Materials. In the event that the Pari
Passu Collateral Agent is required to acquire title to an asset constituting Term Loan Priority Collateral for any reason, or take any managerial action of any kind in regard thereto, in order to carry out any fiduciary or trust obligation for the
benefit of another, which in the Pari Passu Collateral Agent’s sole discretion may cause the Pari Passu Collateral Agent to be considered an “owner or operator” under any environmental

  
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laws or otherwise cause the Pari Passu Collateral Agent to incur, or be exposed to, any environmental liability or any liability under any other federal, state or local law, the Pari Passu
Collateral Agent reserves the right, instead of taking such action, either to resign as Pari Passu Collateral Agent or to arrange for the transfer of the title or control of the asset to a court appointed receiver. The Pari Passu Collateral Agent
will not be liable to any Person for any environmental liability or any environmental claims or contribution actions under any federal, state or local law, rule or regulation by reason of the Pari Passu Collateral Agent’s actions and conduct as
authorized, empowered and directed hereunder or relating to any kind of discharge or release or threatened discharge or release of any hazardous materials into the environment. 

9.17    Resignation or Removal of Pari Passu Collateral Agent. Subject to the
appointment of a successor Pari Passu Collateral Agent as provided in Section 9.18 and the acceptance of such appointment by the successor Pari Passu Collateral Agent: 

(a)        the Pari Passu Collateral Agent may resign at any time by giving not less than 30 days’
notice of resignation to each ABL Agent and the Company; and 
 (b)        the Pari Passu Collateral
Agent may be removed at any time, with or without cause, at the written direction of (i) at any time prior to the exercise of an Enforcement Action with respect to Term Loan Priority Collateral, the ABL Agent or ABL Agents representing, or
acting at the direction of, the holders of more than 50% of the sum of (1) the ABL Obligations outstanding (including the undrawn face amount of any such ABL Obligations comprised of letters of credit and any ABL Obligations owed to a Swap
Party) and (2) the aggregate unfunded commitments to extend credit which, when funded, would constitute ABL Obligations and (ii) from and after the exercise of any Enforcement Action in respect of Term Loan Priority Collateral, the ABL
Agent or ABL Agents representing, or acting at the direction of, the holders of more than 50% of the aggregate outstanding principal amount of ABL Obligations (including the undrawn face amount of any such ABL Obligations comprised of letters of
credit and any ABL Obligations owed to a Swap Party). 
 9.18    Appointment of
Successor Pari Passu Collateral Agent. Upon any such resignation or removal, a successor Pari Passu Collateral Agent may be appointed by the ABL Controlling Agent. If no successor Pari Passu Collateral Agent shall have been so appointed by the ABL
Controlling Agent, and shall have accepted such appointment, within 30 days after the retiring Pari Passu Collateral Agent’s giving of notice of resignation, then the retiring Pari Passu Collateral Agent may, (i) in its sole discretion,
either continue to act as Pari Passu Collateral Agent hereunder and under the Pari Passu Collateral Documents or (ii) assign all of its rights and delegate all of its obligations hereunder and under the Pari Passu Collateral Documents to the
ABL Controlling Agent. After any retiring Pari Passu Collateral Agent’s resignation hereunder as Pari Passu Collateral Agent, the provisions of this Section 9 and all protective provisions of the other Pari Passu Collateral Documents shall
inure to its benefit as to any actions taken or omitted to be taken by it while it was Pari Passu Collateral Agent and shall survive the Discharge of ABL Obligations and termination of this Agreement, but not successor Pari Passu Collateral Agent
shall in any event be liable for any actions of its predecessor. 

  
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 9.19    Succession. When the Person so
appointed as successor Pari Passu Collateral Agent accepts such appointment or upon assignment to the ABL Controlling Agent in accordance with Section 9.18(ii): 

(a)    such Person or the ABL Controlling Agent, as the case may be, will succeed to and become vested with
all the rights, powers, privileges and duties of the predecessor Pari Passu Collateral Agent, and the predecessor Pari Passu Collateral Agent will be discharged from its duties and obligations hereunder; and 

(b)    the predecessor Pari Passu Collateral Agent will (at the expense of the Company) promptly transfer
all Liens on the Term Loan Priority Collateral and collateral security and other property constituting Term Loan Priority Collateral within its possession or control to the possession or control of the successor Pari Passu Collateral Agent and will
execute instruments and assignments as may be necessary or desirable or reasonably requested by the successor Pari Passu Collateral Agent to transfer to the successor Pari Passu Collateral Agent all Liens, interests, rights, powers and remedies of
the predecessor Pari Passu Collateral Agent in respect of the Pari Passu Collateral Documents or the Term Loan Priority Collateral. 
 Thereafter the
predecessor Pari Passu Collateral Agent will remain entitled to enforce the immunities granted to it in this Section 9 and the Pari Passu Collateral Documents. 

9.20    Merger, Conversion or Consolidation of Pari Passu Collateral Agent. Any Person
into which the Pari Passu Collateral Agent may be merged or converted or with which it may be consolidated, or any Person resulting from any merger, conversion or consolidation to which the Pari Passu Collateral Agent shall be a party, or any Person
succeeding to the business of the Pari Passu Collateral Agent shall be the successor of the Pari Passu Collateral Agent pursuant to Section 9.19, provided that prior to any such merger, conversion or consolidation, the Pari Passu Collateral
Agent shall have notified the Company, the Term Loan Collateral Agent and each ABL Agent thereof in writing. 
 
9.21    
Indemnity. Each ABL Agent, on its behalf and on behalf of each ABL Claimholder represented by such ABL Agent, hereby agrees to indemnify Pari Passu Collateral Agent in its capacity as such (to the extent not reimbursed by the Company and without limiting
 the obligation of the Company to do so), ratably according to their respective ABL Pro Rata Percentage in effect on the date on which indemnification is sought, from and against any liabilities, obligations, losses, damages, penalties, actions, judgments,
 suits, costs expenses or disbursements of any kind whatsoever which may at any time be imposed on, incurred by or asserted against the Pari Passu Collateral Agent in any way relating to or arising out of, this Agreement, any of the other Pari Passu Collateral
Documents or any documents contemplated by or 

  
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referred to herein or therein or the transactions contemplated hereby or thereby or any action taken or omitted by the Pari Passu Collateral Agent under or in connection with any of the
foregoing; provided that no ABL Claimholder shall be liable for the payment of any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting solely from the Pari Passu
Collateral Agent’s gross negligence or willful misconduct, as determined by a court of competent jurisdiction in a final, non-appealable order. The obligations of the ABL Claimholders under this
Section 9.22 shall survive the termination of this Agreement. 
 9.22    Entire
Agreement. This Agreement states the complete agreement of the ABL Claimholders and the Pari Passu Collateral Agent relating to the undertaking by the Pari Passu Collateral Agent with respect to the Term Loan Priority Collateral set forth herein and
supersedes all oral negotiations and prior writings in respect of such undertaking. 
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 IN WITNESS WHEREOF, the parties hereto have executed this Intercreditor Agreement as of the date
first written above. 
  

			
	BNP PARIBAS,
	as Pari Passu collateral agent,
		
	By:	 	/s/ Andrew Shapiro
		 	Name: Andrew Shapiro
		 	Title: Managing Director
		
	By:	 	/s/ James McHale
		 	Name: James McHale
		 	Title: Managing Director
	
	NOTICE ADDRESS:
	
	BNP Paribas
	787 Seventh Avenue
	New York, New York 10019
	Attention: Keith Richards
	Email: keith.richards@bnpparibas.com

  
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Loan Intercreditor and Collateral Agency Agreement] 

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	BNP PARIBAS,
	as Term Loan Collateral Agent
		
	By:	 	/s/ Andrew Shapiro
		 	Name: Andrew Shapiro
		 	Title: Managing Director
		
	By:	 	/s/ James McHale
		 	Name: James McHale
		 	Title: Managing Director
	
	NOTICE ADDRESS:
	
	BNP Paribas
	787 Seventh Avenue
	New York, New York 10019
	Attention: Keith Richards
	Email: keith.richards@bnpparibas.com

  
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Loan Intercreditor and Collateral Agency Agreement] 

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	ABL-CATTLE AGENT:
	
	ING CAPITAL LLC,
	as joint administrative agent
		
	By:	 	/s/ Bill Redmond
		 	Name: Bill Redmond
		 	Title: Managing Director
		
	By:	 	/s/ Renata Medeiros
		 	Name: Renata Medeiros
		 	Title: Vice President
	
	NOTICE ADDRESS:
	
	ING Capital LLC
	Lincoln Centre - Tower 2
	5420 LBJ Freeway - Suite 1225
	Dallas, TX 75244
	Attention: Daniel W. Lamprecht

  
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Loan Intercreditor and Collateral Agency Agreement] 

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	ABL - CATTLE AGENT:
	
	BANK OF THE WEST,
	as joint administrative agent
		
	By:	 	/s/ Darren Jung
		 	Name: Darren Jung
		 	Title: AVP
	
	NOTICE ADDRESS:
	
	Bank of the West
	Syndication Division
	300 Sough Grand Avenue
	Suite 500
	Los Angeles, Ca. 90071
	Attn: Sidney Jordan

  
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Loan Intercreditor and Collateral Agency Agreement] 

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	BNP PARIBAS,
	as ABL-Grain Agent
		
	By:	 	/s/ Bradley Dingwall
		 	Name: Bradley Dingwall
		 	Title: Director
		
	By:	 	/s/ Deborah P. Whittle
		 	Name: Deborah P. Whittle
		 	Title: Director
	
	NOTICE ADDRESS:
	
	Bradley Dingwall
	Director
	BNP Paribas - Commodity Structured Debt Origination
	787 Seventh Avenue, New York, NY 10019
	Tel: +1 212-340-5354
	Mobile 1: +1 203-312-4152
	Mobile 2: +1 917-412-4271
	bradley.dingwall@bnppirabes.com

  
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Loan Intercreditor and Collateral Agency Agreement] 

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	PNC BANK, NATIONAL ASSOCIATION,
	as BAL-trade Agent
		
	By:	 	/s/ Lee Labine
		 	Name: Lee Labine
		 	Title: Senior Vice President
	
	NOTICE ADDRESS:
	
	 PNC Bank, National Association
 200
South Wacker Drive, Suite 600

	Chicago, Illinois 60606
	Attention: Portfolio Manager
	Telephone: 312-454-2920
	Facsimile: 312-454-2919

  
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Loan Intercreditor and Collateral Agency Agreement] 

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 Acknowledged and Agreed to by: 

Notice Address for each Grantor: 
 1811 Aksarben Drive

 Omaha, NE 68106 
 Attention: Michelle Mapes - EVP General
Counsel 
                 & Corporate Secretary 

Facsimile: (402) 952-4916 
 Email: michelle.mapes@gpreinc.com 

 

			
	GREEN PLAINS INC.
		
	By:	 	/s/ Michelle Mapes
	Name: Michelle Mapes
	Title: EVP - General Counsel & Corp. Secretary

  

			
	GREEN PLAINS I LLC
		
	By:	 	/s/ Michelle Mapes
	Name: Michelle Mapes
	Title: EVP - General Counsel & Corp. Secretary

  

			
	GREEN PLAINS II LLC
		
		 	/s/ Michelle Mapes
	Name: Michelle Mapes
	Title: EVP - General Counsel & Corp. Secretary

  

			
	FLEISCHMANN’S VINEGAR COMPANY, INC.
		
		 	/s/ Michelle Mapes
	Name: Michelle Mapes
	Title: EVP - General Counsel & Corp. Secretary

  

			
	GREEN PLAINS AGRICULTURAL AND ENERGY FUND LLC
		
		 	/s/ Michelle Mapes
	Name: Michelle Mapes
	Title: EVP - General Counsel & Corp. Secretary

  

  
 [Signature Page to Term
Loan Intercreditor and Collateral Agency Agreement]

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