Document:

EX-10.28

 Exhibit 10.28 

Execution Version 

$60,000,000 
 INCREMENTAL
AMENDMENT 
 Dated as of October 25, 2017 

among 
 C1 INTERMEDIATE CORP.,

 as Holdings 
 CONVERGEONE
HOLDINGS CORP., 
 as Borrower 

THE GUARANTORS PARTY HERETO, 

CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH 

as Incremental Term Lender 
 and

 JPMORGAN CHASE BANK, N.A. 
 as
Administrative Agent and Collateral Agent 
  

 
 CREDIT SUISSE
SECURITIES (USA) LLC and JPMORGAN CHASE BANK, N.A., 
 as Joint Lead Arrangers and Joint Bookrunners 

 INCREMENTAL AMENDMENT 

This INCREMENTAL AMENDMENT (this “Agreement”), dated as of October 25, 2017, is among C1 INTERMEDIATE CORP., a Delaware
corporation (“Holdings”), CONVERGEONE HOLDINGS CORP., a Delaware corporation (the “Borrower”), the Guarantors party hereto (together with Holdings and the Borrower, the “Loan Parties”), CREDIT
SUISSE AG, CAYMAN ISLANDS BRANCH as an Additional Lender providing Incremental Term Loans (in such capacity, the “Incremental Term Lender”), and JPMORGAN CHASE BANK, N.A., as administrative agent for the Lenders (as defined below)
(in such capacity, the “Administrative Agent”) and collateral agent for the Secured Parties (in such capacity, the “Collateral Agent”). Capitalized terms not otherwise defined in this Agreement have the same
meanings as specified in the Credit Agreement (as defined below). 
 PRELIMINARY STATEMENTS 

(1) Holdings, the Borrower, the Administrative Agent, the Collateral Agent, and the lenders party thereto from time to time (collectively, the
“Lenders”, and each, a “Lender”), are parties to the Term Loan Agreement dated as of June 20, 2017 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit
Agreement”). 
 (2) The Borrower has requested that the Incremental Term Lender provide new Term Loan Commitments to effect an
increase to the Term Loans in the amount of $60,000,000 (such commitment, the “Incremental Term Loan Commitment”, and the Incremental Term Loans made thereunder, the “Incremental Term Loans”), the proceeds of which
will be used (a) to repay the outstanding “Revolving Loans” under and as defined in the Revolving Credit Agreement, (b) to pay fees and expenses in connection with the Incremental Term Loans and (c) to the extent of any
proceeds that remain after the payment specified in the foregoing clause (a) has been made, for working capital, general corporate purposes of the Borrower and its Subsidiaries, and other purposes not prohibited under the Credit Agreement,
including Permitted Investments. 
 (3) The Incremental Term Lender is willing to provide the Incremental Term Loan Commitment and the
Incremental Term Loans to effect an increase to the Term Loans, subject in each case to the terms and conditions set forth herein. 
 (4)
Credit Suisse Securities (USA) LLC (“CS Securities”) and JPMorgan Chase Bank, N.A. (“JPM”) are joint lead arrangers and joint bookrunners for the Incremental Term Loan Commitment and the Incremental Term Loans (the
“Incremental Facility Arrangers”). 
 (5) The Loan Parties, the Incremental Term Lender, the Administrative Agent
and the Collateral Agent are entering into this Agreement in order to evidence the Incremental Term Loan Commitment and Incremental Term Loan in accordance with Section 2.22 of the Credit Agreement. 

SECTION 1. Incremental Term Commitment and Incremental Term Loans. Pursuant to Section 2.22 of the Credit Agreement, upon
effectiveness of this Agreement pursuant to Section 3 hereof: 
 (a) The Incremental Term Lender will make a single loan
to the Borrower on the Incremental Facility Closing Date (as defined below) in an aggregate principal amount equal to the Incremental Term Loan Commitment set forth on Schedule 1 attached hereto. 

 (b) The Administrative Agent hereby approves of the Incremental Term Lender as an
Incremental Term Lender under the Credit Agreement and approves of the terms of the Incremental Term Loans as set forth in Section 2 hereof. 

SECTION 2. Terms of the Incremental Term Loans. Pursuant to Section 2.22 of the Credit Agreement, the Incremental Term Loan
Commitment shall become a Term Loan Commitment under the Credit Agreement, the Incremental Term Loans shall be effected as an increase to the Term Loans, and the Incremental Term Loans shall become Term Loans under the Credit Agreement, the terms of
which shall be as follows: 
 (a) The aggregate principal amount of the Incremental Term Loan Commitment and Incremental Term
Loans shall be $60,000,000.00. 
 (b) The Applicable Percentage applicable to the Incremental Term Loans shall be the
Applicable Percentage applicable to the Term Loans. 
 (c) The Borrower shall pay to the Administrative Agent for the ratable
account of the Lenders of the Incremental Term Loans, on each Principal Payment Date occurring prior to the Term Loan Maturity Date, a principal amount of the Incremental Term Loans (as adjusted from time to time pursuant to
Sections 2.12(b) and 2.13(e)) equal to $150,375.94 (for the avoidance of doubt, the aggregate principal amount payable in respect of the Term Loans to the Lenders on each such Principal Payment Date is
$1,412,875.94). 
 (d) The prepayment fees applicable to the Term Loans set forth in Section 2.12(d) of the Credit
Agreement shall be applicable to the Incremental Term Loans. 
 (e) The proceeds of the Incremental Term Loans shall be used
(a) to repay all outstanding “Revolving Loans” under and as defined in the Revolving Credit Agreement, (b) to pay fees and expenses in connection with the Incremental Term Loans and (c) to the extent of any proceeds that
remain after the payment specified in the foregoing clause (a) has been made, for working capital, general corporate purposes of the Borrower and its Subsidiaries, and other purposes not prohibited under the Credit Agreement, including
Permitted Investments. 
 (f) Except as otherwise expressly provided in this Agreement, all of the terms and provisions of
the Incremental Term Loans shall be identical to those of the Term Loans. 
 SECTION 3. Conditions to Effectiveness of this
Agreement. This Agreement shall become effective on and as of the date hereof (the “Incremental Facility Closing Date”), upon satisfaction of only the following conditions: 

(a) The Administrative Agent and the Incremental Term Lender shall have received from the Borrower, Holdings, each Subsidiary
Guarantor, the Administrative Agent, the Collateral Agent and the Incremental Term Lender either (i) a counterpart of this Agreement signed on behalf of such party or (ii) written evidence reasonably satisfactory to the Administrative
Agent and the Incremental Term Lender (which may include telecopy or other electronic transmission (including “pdf”) of a signed signature page of this Agreement) that such party has signed a counterpart of this Agreement. 

(b) The Administrative Agent and the Incremental Term Lender shall have received, on behalf of such parties and the Lenders, an
opinion of Alston & Bird LLP, as special counsel for the Loan Parties and Gray Plant Mooty, as Minnesota special counsel for the Loan Parties, 

  
 2 

 
each dated as of the Incremental Facility Closing Date and addressed to the Administrative Agent, the Incremental Term Lender and the Lenders, and of such other counsel to the Loan Parties
satisfactory to the Administrative Agent and the Incremental Term Lender, in each case, in form and substance reasonably satisfactory to the Administrative Agent and the Incremental Term Lender. 

(c) The Administrative Agent shall have received: (i) a certificate as to the good standing of each Loan Party, as of a
recent date, from the Secretary of State or similar Governmental Authority of the state of its incorporation or organization and (ii) an Officer’s Certificate of the Secretary or Assistant Secretary of each Loan Party dated the Incremental
Facility Closing Date and certifying (A) that attached thereto are copies of the certificate or articles of incorporation or organization, including all amendments thereto, of each Loan Party, certified as of a recent date by the Secretary of
State of the state of its organization, (B) that attached thereto are the true and complete copy of the bylaws or operating (or limited liability company) agreement of such Loan Party as in effect on the Incremental Facility Closing Date,
(C) that attached thereto is a true and complete copy of resolutions duly adopted by the Governing Board of such Loan Party authorizing the execution, delivery and performance of the Loan Documents to which such Person is a party and, in the
case of the Borrower, the borrowings hereunder, and that such resolutions have not been modified, rescinded or amended and are in full force and effect, and (D) as to the incumbency and specimen signature of each officer executing any Loan
Document on behalf of such Loan Party and countersigned by another officer as to the incumbency and specimen signature of the Secretary or Assistant Secretary executing the certificate pursuant to clause (ii) above. 

(d) The Administrative Agent shall have received an Officer’s Certificate, dated the Incremental Facility Closing Date and
signed by a Financial Officer of the Borrower, certifying compliance with the conditions precedent set forth in Sections 3(f), (g), (i) and (j) hereof (and, in the case of clause (i), attaching calculations demonstrating such compliance). 

(e) The Incremental Term Lender shall have received (i) all fees due and payable on the Incremental Facility Closing Date
pursuant to any agreement relating to the arrangement of the Incremental Term Loan Commitments and (ii) to the extent invoiced at least two Business Days prior to the Incremental Facility Closing Date, all costs and expenses due and payable
(whether pursuant to the Loan Documents or any agreement relating to the arrangement of the Incremental Term Loan Commitments) on or prior to the Incremental Facility Closing Date, including, to the extent invoiced, reimbursement or payment of all
reasonable and documented out of pocket costs and expenses (including, without limitation, reasonable fees, charges and disbursements of Latham & Watkins LLP) required to be reimbursed or paid by the Loan Parties hereunder or under any Loan
Document. 
 (f) The representations and warranties of each Loan Party set forth in Section 5 of this Agreement and in
each other Loan Document shall be true and correct in all material respects on and as of the Incremental Facility Closing Date with the same effect as though made on and as of such date, except to the extent such representations and warranties
expressly relate to an earlier date or period, in which case they shall be true and correct in all material respects as of such earlier date or period; provided that any representation and warranty that is qualified as to
“materiality”, “Material Adverse Effect” or similar language shall be true and correct (after giving effect to any qualification therein) in all respects on the Incremental Facility Closing Date or on such earlier date, as the
case may be. 

  
 3 

 (g) No Default or Event of Default shall exist or would immediately result from
the extension of the Incremental Term Loans or from the application of the proceeds therefrom. 
 (h) The Borrower shall have
delivered or caused to be delivered to the Administrative Agent and the Incremental Term Lender a solvency certificate from the Chief Financial Officer of Holdings setting forth the conclusions that, after giving effect to the transactions
contemplated hereby, Holdings and its Subsidiaries (on a consolidated basis) are Solvent. 
 (i) The incurrence of the
Incremental Term Loans and the application of proceeds thereof (and assuming the Incremental Term Loans are fully drawn) complies with the requirements set forth in Section 2.22(a) of the Credit Agreement. 

(j) The Borrower shall have given notice of the prepayment of the outstanding “Revolving Loans” under and as defined
in the Revolving Credit Agreement in accordance with Section 2.12(b) of the Revolving Credit Agreement, and substantially contemporaneously with the funding of the Incremental Term Loans, shall have made such prepayment of such Revolving Loans.

 (k) The Administrative Agent and the Incremental Term Lender shall have received prior to the Incremental Facility Closing
Date, to the extent requested from the Borrower in writing by the Administrative Agent at least 2 Business Days prior the Incremental Facility Closing Date, all documentation and other information required by regulatory authorities under applicable
“know your customer” and anti-money laundering rules and regulations, including the USA Patriot Act that has been requested by the Administrative Agent prior to the Incremental Facility Closing Date. 

SECTION 4. Borrowing Request. This Agreement represents Borrower’s request to borrow Incremental Term Loans from the
Incremental Term Lender as follows (the “Proposed Borrowing”): 
 (i) Business Day of Proposed Borrowing:
October 25, 2017. 
 (ii) Amount of Proposed Borrowing: $60,000,000.00. 

(iii) Interest rate option:        
☐         a. ABR Term Loans 

                          
                                       ☒ 
        b. Eurodollar Term Loans 

                          
                                         
               with an initial Interest Period of 3 months 

                          
                                         
               expiring December 29, 2017. 

(iv) The proceeds shall be disbursed pursuant to the disbursement instructions separately agreed between the Borrower and the
Incremental Term Lender. 
 SECTION 5. Representations and Warranties. To induce the other parties hereto to enter into this
Agreement, each Loan Party hereby represents and warrants to the Administrative Agent, the Collateral Agent, the Incremental Term Lender and the other Lenders that, as of the Incremental Facility Closing Date and immediately after giving effect to
the transactions to occur on the Incremental Facility Closing Date: 
 (a) Each Loan Party and each Restricted Subsidiary (i) is a
Person duly organized or 

  
 4 

 
formed, validly existing and in good standing (to the extent such concept exists in such jurisdiction) under the laws of the jurisdiction of its organization, except where the failure to be duly
organized or formed or to exist (other than in the case of the Borrower) or be in good standing could not reasonably be expected to result in a Material Adverse Effect, (ii) has the requisite organizational power and authority to, in the case
of the Loan Parties, execute, deliver and perform its obligations under this Agreement, (iii) is qualified to do business in, and is in good standing (where relevant) in, every jurisdiction where its ownership, lease or operation of properties
or the conduct of its business requires such qualification except where the failure to so qualify or be in good standing could not reasonably be expected to result in a Material Adverse Effect and (iv) has all requisite power and authority to
own its property and assets and to carry on its business as now conducted, except where the failure to have such power and authority could not reasonably be expected to result in a Material Adverse Effect. 

(b) The execution, delivery and performance by each Loan Party of this Agreement, and the consummation of the transactions contemplated hereby
(a) have been duly authorized by all requisite corporate or other organizational action on the part of each Loan Party and (b) do not (i) violate (A) any provision (x) of any applicable law, statute, rule or regulation, or
(y) of the certificate or articles of incorporation, bylaws or other constitutive documents of any Loan Party, (B) any applicable material order of any Governmental Authority or (C) any provision of any material indenture, agreement
or other instrument to which any Loan Party or any Restricted Subsidiary is a party or by which any of them or any of their property is bound, (ii) be in conflict with, result in a breach of or constitute (alone or with notice or lapse of time
or both) a default under or give rise to any right to require the prepayment, repurchase or redemption of any obligation under any such material indenture, agreement or other instrument to which such Loan Party is a party or (iii) result in the
creation or imposition of any Lien upon or with respect to any property or assets now owned or hereafter acquired by any Loan Party (other than Liens created or permitted hereunder or under the Security Documents); except with respect to clauses
(b)(i) through (b)(iii) (other than clause (b)(i)(A)(y)), to the extent that such violation, conflict, breach, default, or creation or imposition of Lien could not reasonably be expected to result in a Material Adverse Effect. 

(c) Except to the extent the failure to obtain or make the same could not reasonably be expected to result in a Material Adverse Effect, no
action, consent or approval of, registration or filing with or any other action by any Governmental Authority is necessary or required in connection with the execution, delivery and performance of this Agreement by the Loan Parties, except for
(a) filings and registrations necessary to perfect the Liens on the Collateral granted by the Loan Parties in favor of the Collateral Agent and (b) such as have been made or obtained and are in full force and effect. 

(d) This Agreement has been duly executed and delivered by each Loan Party party hereto. This Agreement when executed and delivered by each
Loan Party party hereto constitutes, a legal, valid and binding obligation, enforceable against each Loan Party party hereto in accordance with its terms, except as may be limited by any bankruptcy, insolvency, fraudulent transfer, reorganization,
receivership, moratorium or similar laws of general applicability relating to or limiting creditors’ rights generally or by general equity principles, regardless of whether considered in a proceeding in equity or at law. 

(e) Since December 31, 2016, no event, change or condition has occurred that (individually or in the aggregate) has had, or could
reasonably be expected to have, a Material Adverse Effect. 
 (f) On the Incremental Facility Closing Date, after giving effect to the
extension of the Incremental Term Loans and the application of the proceeds therefrom, the Loan Parties, on a consolidated basis, are Solvent. 

  
 5 

 SECTION 6. Reference to and Effect on the Credit Agreement; Confirmation of
Guarantors. (a) Except as specifically amended herein, all Loan Documents shall continue to be in full force and effect and are hereby in all respects ratified and confirmed. 

(b) The execution, delivery and effectiveness of this Agreement shall not operate as a waiver of any right, power or remedy of any Lender or
the Administrative Agent under any of the Loan Documents, nor constitute a waiver of any provision of the Loan Documents or in any way limit, impair or otherwise affect the rights and remedies of the Lenders or the Administrative Agent under the
Loan Documents. 
 (c) The Borrower and the other parties hereto acknowledge and agree that, on and after the Incremental Facility Closing
Date, this Agreement and each of the other Loan Documents to be executed and delivered by a Loan Party shall constitute a Loan Document for all purposes of the Credit Agreement. 

(d) On and after the effectiveness of this Agreement, each reference in the Credit Agreement to “this Agreement”,
“hereunder”, “hereof” or words of like import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement, as amended by, and after giving effect to, this Agreement. 

(e) Nothing herein shall be deemed to entitle any Loan Party to a consent to, or a waiver, amendment, modification or other change of, any of
the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Loan Document in similar or different circumstances. 

(f) Each of the Loan Parties party to the Credit Agreement and the other Loan Documents, in each case as amended, restated, amended and
restated, supplemented or otherwise modified from time to time, hereby (i) acknowledges and agrees that, upon funding thereof, the Incremental Term Loans shall constitute Term Loans having identical terms, and being of the same Class, as the
Term Loans made on the Closing Date and the Incremental Term Lender is a Lender under the Credit Agreement, and that all of its obligations under the Credit Agreement and the other Loan Documents to which it is a party are reaffirmed and remain in
full force and effect on a continuous basis, (ii) reaffirms each Lien granted by such Loan Party to the Collateral Agent for the benefit of the Secured Parties (including the Incremental Term Lender) and reaffirms the guaranties made pursuant
to the Credit Agreement and the other applicable Loan Documents, (iii) acknowledges and agrees that the grants of security interests by and the guaranties of the Loan Parties contained in the Credit Agreement and the other applicable Loan
Documents are, and shall remain, in full force and effect after giving effect to this Agreement and funding of the Incremental Term Loans, and (iv) agrees that the Obligations include, among other things and without limitation, the prompt and
complete payment and performance by the Borrower when due and payable (whether at the stated maturity, by acceleration or otherwise) of principal and interest on, and premium (if any) on, the Incremental Term Loans. 

SECTION 7. Incremental Term Lender. The Incremental Term Lender agrees that it will perform in accordance with their terms all
of the obligations that by the terms of the Credit Agreement are required to be performed by it as a Lender. On and after the Incremental Facility Closing Date, the Incremental Term Lender shall be a party to the Credit Agreement as a Lender and
shall have all of the rights and obligations of a Lender thereunder. All notices and other communications provided for hereunder or under the Loan Documents to the Incremental Term Lender shall be to its address as set forth in the Administrative
Questionnaire it has furnished to the Administrative Agent. 
 SECTION 8. Incremental Facility Arrangers. The Borrower hereby
(a) appoints CS 

  
 6 

 
Securities and JPM as joint lead arrangers and joint bookrunners for this Agreement, the Incremental Term Loan Commitment and the Incremental Term Loans and (b) acknowledges and agrees that
(i) the Incremental Facility Arrangers shall be entitled to the privileges, indemnification, immunities and other benefits afforded to the Administrative Agent, the Collateral Agent and the Arrangers pursuant to Article VIII and
Section 9.05 of the Credit Agreement and (ii) except as otherwise agreed to in writing by the Borrower and the Incremental Facility Arrangers, the Incremental Facility Arrangers shall not have any duties, responsibilities or liabilities
with respect to this Agreement, the Incremental Term Loan Commitment, the Incremental Term Loans, the Credit Agreement or any other Loan Document. 

SECTION 9. Consent to Assignments. For purposes of Section 9.04(b) of the Credit Agreement, the
Borrower hereby consents to any assignment by the Incremental Term Lender or any of its Affiliates of all or any portion of the Incremental Term Loans in connection with the primary syndication of all or a portion of the Incremental Term Loans to
any assignee disclosed by CS Securities to, and agreed to by, the Borrower (in writing or by email) on or prior to the Incremental Facility Closing Date. 

SECTION 10. Expenses. The Borrower agrees to pay all reasonable and documented out-of-pocket costs and expenses incurred by the Administrative Agent and the Incremental Facility Arrangers in connection with this Agreement and any other documents prepared in connection herewith, in each
case, in the manner and to the extent provided in the Credit Agreement. The Borrower hereby confirms that the indemnification provisions set forth in Section 9.05 of the Credit Agreement shall apply to this Agreement and such provisions shall
govern any losses, claims, damages, liabilities, costs and expenses (as more fully set forth therein as applicable) which may arise herefrom or in connection herewith. 

SECTION 11. Execution in Counterparts; Severability. (a) This Agreement may be executed in counterparts (and by
different parties hereto on different counterparts), each of which shall constitute an original but all of which when taken together shall constitute a single contract, and shall become effective when it shall have been executed by the Borrower, the
Administrative Agent and the Incremental Term Lender and when the Administrative Agent and the Incremental Term Lender shall have received counterparts hereof which, when taken together, bear the signatures of each of the other parties hereto.
Delivery of an executed signature page to this Agreement by facsimile transmission or by email as a “.pdf” or “.tif” attachment shall be as effective as delivery of a manually signed counterpart of this Agreement.. 

(b) In the event any one or more of the provisions contained in this Agreement should be held invalid, illegal or unenforceable in any
respect, the validity, legality and enforceability of the remaining provisions contained in this Agreement shall not in any way be affected or impaired thereby (it being understood that the invalidity of a particular provision in a particular
jurisdiction shall not in and of itself affect the validity of such provision in any other jurisdiction). The parties shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the
economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 
 SECTION 12.
GOVERNING LAW. 
 (a) THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 

(b) THE BORROWER HEREBY IRREVOCABLY AND UNCONDITIONALLY AGREES THAT IT WILL NOT COMMENCE ANY ACTION, LITIGATION OR PROCEEDING OF

  
 7 

 
ANY KIND OR DESCRIPTION, WHETHER IN LAW OR EQUITY, WHETHER IN CONTRACT OR TORT OR OTHERWISE, AGAINST ANY AGENT, ANY LENDER OR ANY OF THEIR RESPECTIVE RELATED PARTIES IN ANY WAY RELATING TO THIS
AGREEMENT OR THE TRANSACTIONS RELATING HERETO IN ANY FORUM OTHER THAN ANY NEW YORK STATE COURT OR FEDERAL COURT OF THE UNITED STATES OF AMERICA SITTING IN THE BOROUGH OF MANHATTAN IN NEW YORK CITY, AND ANY APPELLATE COURT FROM ANY THEREOF, AND EACH
OF THE PARTIES HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE OR, TO THE EXTENT PERMITTED BY LAW, IN SUCH FEDERAL COURT. EACH OF THE
PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS AGREEMENT SHALL AFFECT ANY
RIGHT THAT THE ADMINISTRATIVE AGENT, THE COLLATERAL AGENT, THE INCREMENTAL TERM LENDER OR ANY OTHER LENDER MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR THE OTHER LOAN DOCUMENTS AGAINST THE BORROWER, HOLDINGS OR
THEIR RESPECTIVE PROPERTIES IN THE COURTS OF ANY JURISDICTION. EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE EXTENT IT MAY LEGALLY AND EFFECTIVELY DO SO, ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF
ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT IN AN NEW YORK STATE OR FEDERAL COURT. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO ANY LOAN
DOCUMENTS IN THE MANNER PROVIDED FOR NOTICES (OTHER THAN FACSIMILE) IN SECTION 9.01 OF THE CREDIT AGREEMENT. NOTHING IN THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER
PERMITTED BY APPLICABLE LAW. 
 SECTION 13. WAIVER OF RIGHT TO TRIAL BY JURY. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST
EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR ANY OF THE OTHER LOAN DOCUMENTS. EACH PARTY HERETO
(A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT
IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS, AS APPLICABLE, BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 13. 

SECTION 14. No Novation. By its execution of this Agreement, each of the parties hereto acknowledges and agrees that the terms
of this Agreement do not constitute a novation, but, rather, a supplement of the terms of a pre-existing indebtedness and related agreement, as evidenced by the Credit Agreement. 

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

  
 8 

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

			
	C1 INTERMEDIATE CORP.

 
			
		
	       By: 
	 	  

		 	Name:
		 	Title:

 
			
	
	CONVERGEONE HOLDINGS CORP.

 
			
		
	       By: 
	 	  

		 	Name:
		 	Title:

 
			
	
	CONVERGEONE, INC.

 
			
		
	       By: 
	 	  

		 	Name:
		 	Title:

 
			
	
	STATEGIC PRODUCTS AND SERVICES, LLC
		
	       By: 
	 	  

		 	Name:
		 	Title:

 
			
	
	 PROVIDEA CONFERENCING,
LLC

 
			
		
	       By: 
	 	  

		 	Name:
		 	Title:

 [Signature Page for Incremental Amendment] 

 
			
	ANNESE & ASSOCIATES, INC.
		
	       By:
	 	  

		 	Name:
		 	Title:
	
	SPS HOLDCO, LLC
		
	       By:
	 	  

		 	Name:
		 	Title:

 [Signature Page for Incremental Amendment] 

 
			
	 JPMORGAN CHASE BANK, N.A., as Administrative Agent

and Collateral Agent

		
	 By:
	 	  

		 	Name:
		 	Title:

 [Signature Page for Incremental Amendment] 

 
			
	 CREDIT SUISSE AG, CAYMAN ISLANDS

BRANCH, as Incremental Term Lender

		
	By:	 	  

		 	Authorized Signatory
		
	 By:
	 	  

		 	Authorized Signatory

 [Signature Page for Incremental Amendment] 

 Schedule 1 

 

					
	 Incremental Term Lender
	  	Incremental Loan Commitments	 
	 Credit Suisse AG, Cayman Islands Branch
	  	$	60,000,000.00EX-10.29

 Exhibit 10.29 

Execution Version 
  

 
  

GUARANTEE AND COLLATERAL AGREEMENT 

dated as of 
 June 20, 2017 

among 
 C1 INTERMEDIATE CORP.,

 CONVERGEONE HOLDINGS CORP., 

the Subsidiaries of ConvergeOne Holdings Corp. 

from time to time party hereto 

and 
 JPMORGAN CHASE BANK, N.A.,

 as Collateral Agent 
  

 
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	ARTICLE I DEFINITIONS	  	 	1	 
			
	 SECTION 1.01.
	 	 Credit Agreement
	  	 	1	 
	 SECTION 1.02.
	 	 Other Defined Terms
	  	 	1	 
		
	ARTICLE II GUARANTEE	  	 	6	 
			
	 SECTION 2.01.
	 	 Guarantee
	  	 	6	 
	 SECTION 2.02.
	 	 Guarantee of Payment
	  	 	7	 
	 SECTION 2.03.
	 	 No Limitations, Etc.
	  	 	7	 
	 SECTION 2.04.
	 	 Reinstatement
	  	 	8	 
	 SECTION 2.05.
	 	 Agreement To Pay; Subrogation
	  	 	8	 
	 SECTION 2.06.
	 	 Information
	  	 	8	 
	 SECTION 2.07.
	 	 Instrument for the Payment of Money
	  	 	8	 
		
	ARTICLE III SECURITY INTERESTS IN PERSONAL PROPERTY	  	 	8	 
			
	 SECTION 3.01.
	 	 Security Interest
	  	 	8	 
	 SECTION 3.02.
	 	 Representations and Warranties
	  	 	10	 
	 SECTION 3.03.
	 	 Covenants
	  	 	12	 
	 SECTION 3.04.
	 	 Other Actions
	  	 	13	 
	 SECTION 3.05.
	 	 Voting Rights; Dividends and Interest, Etc.
	  	 	14	 
	 SECTION 3.06.
	 	 Additional Covenants Regarding Patent, Trademark and Copyright Collateral
	  	 	14	 
	 SECTION 3.07.
	 	 Limitations
	  	 	15	 
		
	ARTICLE IV REMEDIES	  	 	16	 
			
	 SECTION 4.01.
	 	 Pledged Collateral
	  	 	16	 
	 SECTION 4.02.
	 	 Uniform Commercial Code and Other Remedies
	  	 	16	 
	 SECTION 4.03.
	 	 Application of Proceeds
	  	 	18	 
	 SECTION 4.04.
	 	 Grant of License to Use Intellectual Property
	  	 	18	 
	 SECTION 4.05.
	 	 Securities Act, Etc.
	  	 	18	 
		
	ARTICLE V INDEMNITY, SUBROGATION AND SUBORDINATION	  	 	19	 
			
	 SECTION 5.01.
	 	 Indemnity and Subrogation
	  	 	19	 
	 SECTION 5.02.
	 	 Contribution and Subrogation
	  	 	19	 
	 SECTION 5.03.
	 	 Subordination
	  	 	19	 
		
	ARTICLE VI INTENTIONALLY DELETED	  	 	19	 
		
	ARTICLE VII MISCELLANEOUS	  	 	20	 
			
	 SECTION 7.01.
	 	 Notices
	  	 	20	 
	 SECTION 7.02.
	 	 Survival of Agreement
	  	 	20	 
	 SECTION 7.03.
	 	 Binding Effect; Several Agreement
	  	 	20	 
	 SECTION 7.04.
	 	 Successors and Assigns
	  	 	20	 
	 SECTION 7.05.
	 	 Collateral Agent’s Expenses; Indemnity
	  	 	20	 
	 SECTION 7.06.
	 	 Collateral Agent Appointed Attorney-in-Fact
	  	 	20	 

  
 i 

							
	 SECTION 7.07.
	 	 Applicable Law
	  	 	21	 
	 SECTION 7.08.
	 	 Waivers; Amendment
	  	 	21	 
	 SECTION 7.09.
	 	 WAIVER OF JURY TRIAL
	  	 	22	 
	 SECTION 7.10.
	 	 Severability
	  	 	22	 
	 SECTION 7.11.
	 	 Counterparts
	  	 	22	 
	 SECTION 7.12.
	 	 Headings
	  	 	22	 
	 SECTION 7.13.
	 	 Jurisdiction; Consent to Service of Process
	  	 	22	 
	 SECTION 7.14.
	 	 Termination or Release
	  	 	23	 
	 SECTION 7.15.
	 	 Additional Subsidiaries
	  	 	24	 
	 SECTION 7.16.
	 	 Security Interest and Obligations Absolute
	  	 	24	 
	 SECTION 7.17.
	 	 Intercreditor Agreements
	  	 	24	 
	 SECTION 7.18.
	 	 Additional Obligations
	  	 	24	 
	 SECTION 7.19.
	 	 Person Serving as Collateral Agent
	  	 	25	 

 Schedules 
  

			
	 Schedule I
	  	Subsidiary Guarantors
	 Schedule II
	  	Equity Interests; Pledged Debt Securities
	 Schedule III
	  	U.S. Copyrights Owned by Grantor; Patents Owned by Grantors; Trademarks/Trade Names Owned by Grantors
	 Schedule IV
	  	UCC Filing Offices
	 Schedule V
	  	UCC Information
	 Schedule VI
	  	Locations of Collateral
	 Schedule VII
	  	Deposit Accounts
	 Schedule VIII
	  	Chattel Paper

 Exhibits 
  

			
	 Exhibit A
	  	Form of Supplement
	 Exhibit B
	  	Form of Other Pari Passu Lien Obligations Agent Consent

  
 ii 

 GUARANTEE AND COLLATERAL AGREEMENT, dated as of June 20, 2017 (this
“Agreement”), among C1 INTERMEDIATE CORP., a Delaware corporation (“Holdings”), CONVERGEONE HOLDINGS CORP., a Delaware corporation (the “Borrower”), the subsidiaries of the Borrower from time to
time party hereto and JPMORGAN CHASE BANK, N.A., as collateral agent (in such capacity, together with its successors and permitted assigns, the “Collateral Agent”). 

PRELIMINARY STATEMENT 

WHEREAS, the Borrower and Holdings have entered into that certain Term Loan Agreement, dated as of the date hereof (as amended,
supplemented, amended and restated or otherwise modified from time to time, the “Credit Agreement”), by and among Holdings, the Borrower, JPMorgan Chase Bank, N.A. as administrative agent (in such capacity, together with its
successors and permitted assigns, the “Administrative Agent”) and collateral agent, and the lenders from time to time party thereto (the “Lenders”), pursuant to which the Lenders have agreed, on the terms and
subject to the conditions set forth therein, to extend Term Loans (as defined therein) to the Borrower on the Closing Date (as defined therein); and 

WHEREAS, the extension to the Borrower of the Term Loans under (and as defined in) the Credit Agreement and other financial
accommodations under the Secured Debt Documents (as defined below) is conditioned upon, among other things, the execution and delivery of this Agreement by the Borrower and each Guarantor, and each Guarantor, as an affiliate of the Borrower, will
derive substantial benefits from the extension of Term Loans and other financial accommodations to the Borrower pursuant to the Credit Agreement and the other Secured Debt Documents, and accordingly is willing to execute and deliver this Agreement
to induce the Secured Parties (as defined below) to extend such Term Loans and other financial accommodations. 
 NOW,
THEREFORE, in consideration of the premises and mutual covenants contained herein and for other good and valuable consideration, the receipt and sufficiency of which the parties hereby acknowledge, the parties hereto agree as follows: 

ARTICLE I 

Definitions 

SECTION 1.01. Credit Agreement. 

(a) Capitalized terms used in this Agreement and not otherwise defined herein have the meanings set forth in the Credit Agreement. All
capitalized terms defined in the New York UCC (as such term is defined herein) and not defined in this Agreement or the Credit Agreement have the meanings specified therein. All references to the Uniform Commercial Code shall mean the New York UCC
unless the context requires otherwise. 
 (b) The rules of construction specified in Article I (including Sections 1.02 and 1.05) of the
Credit Agreement also apply to this Agreement. 
 SECTION 1.02. Other Defined Terms. As used in this Agreement, the following
terms have the meanings specified below: 
 “ABL Agent” shall have the meaning assigned to such term in the Intercreditor
Agreement. 
 “ABL Obligations” shall have the meaning assigned to such term in the Intercreditor Agreement. 

“Account Debtor” shall mean any Person who is or who may become obligated to any Grantor under, with respect to or on account
of an Account. 
 “Administrative Agent” shall have the meaning assigned to such term in the preliminary statement. 

“After-Acquired Intellectual Property” shall have the meaning assigned to such
term in Section 3.06(d). 

  
 1 

 “Agreement” shall have the meaning assigned to such term in the preamble. 

“Borrower” shall have the meaning assigned to such term in the preamble. 

“Claiming Guarantor” shall have the meaning assigned to such term in Section 5.02. 

“Collateral” shall have the meaning assigned to such term in Section 3.01. 

“Collateral Agent” shall have the meaning assigned to such term in the preamble. 

“Contributing Guarantor” shall have the meaning assigned to such term in Section 5.02. 

“Copyright License” shall mean any written agreement, now or hereafter in effect, granting any right to any third Person
(other than an agreement with any Person who is an affiliate or a subsidiary of any Grantor) under any Copyright now or hereafter owned by any Grantor or that such Grantor otherwise has the right to license, or granting any right to any Grantor
under any copyright now or hereafter owned by any third party, and all rights of such Grantor under any such agreement. 

“Copyrights” shall mean all of the following now owned or hereafter acquired by any Grantor: (a) all copyright rights,
including all copyright rights in any work subject to the copyright laws of the United States, whether as author, assignee, transferee or otherwise, (b) all registrations and applications for registration of any such copyright, including
registrations, recordings, supplemental registrations, renewals, extensions and pending applications for registration in the United States Copyright Office (or any successor office), including those copyrights listed on Schedule III, and
(c) all causes of action arising prior to, on or after the date hereof for infringement of any Copyright or unfair competition regarding the same and all other rights whatsoever accruing thereunder or pertaining thereto. 

“Credit Agreement” shall have the meaning assigned to such term in the preliminary statement. 

“Default” shall have the meaning assigned to such term in (i) the Credit Agreement and (ii) each Other Pari Passu
Lien Obligations Agreement. 
 “Domain Names” shall mean all Internet domain names and associated URL addresses in or to
which any Grantor now owns or hereafter acquires. 
 “Event of Default” shall have the meaning assigned to such term in
(i) the Credit Agreement and (ii) each Other Pari Passu Lien Obligations Agreement. 
 “Excluded Property” shall
mean: 
 (a) all vehicles the perfection of a security interest in which is excluded from the Uniform Commercial Code in the relevant
jurisdiction; 
 (b) any General Intangible or other rights arising under contracts, Instruments, licenses, license agreements (including
Licenses) or other documents, to the extent (and only to the extent) that the grant of a security interest would (i) constitute a violation of a restriction in favor of a third party (other than a Grantor) on such grant, unless and until any
required consents shall have been obtained, (ii) give any other party (other than a Grantor) the right to terminate its obligations thereunder or (iii) violate any law, provided, however, that (1) any portion of any such
General Intangible or other right shall cease to constitute Excluded Property pursuant to this clause (b) at the time and to the extent that the grant of a security interest therein does not result in any of the consequences specified
above and (2) the limitation set forth in this clause (b) above shall not affect, limit, restrict or impair the grant by a Grantor of a security interest pursuant to this Agreement in any such General Intangible or other right, to
the extent that an otherwise applicable prohibition or restriction on such grant is rendered ineffective by any applicable law, including the New York UCC; 

  
 2 

 (c) Investment Property consisting of voting Equity Interests of any Excluded Foreign Subsidiary
or Excluded Domestic Subsidiary in excess of 65% of the Equity Interests representing the total combined voting power of all classes of Equity Interests of such Excluded Foreign Subsidiary or Excluded Domestic Subsidiary entitled to vote; 

(d) any specifically identified assets or category of assets as to which the Collateral Agent and the Borrower reasonably determine that the
costs of obtaining a security interest in such assets (or perfecting the same) are excessive in relation to the benefit to the Secured Parties of the security afforded thereby; 

(e) Equipment owned by any Grantor on the date hereof or hereafter acquired that is subject to a Lien securing a purchase money obligation or
Capitalized Lease Obligation permitted to be incurred pursuant to the Credit Agreement and each Other Pari Passu Lien Obligations Agreement, for so long as the contract or other agreement in which such Lien is granted (or the documentation providing
for such purchase money obligation or Capitalized Lease Obligation) validly prohibits the creation of any other Lien on such Equipment; 

(f) any interest in joint ventures and non-wholly owned subsidiaries which cannot be pledged without
the consent of one or more third parties (other than a Grantor); 
 (g) applications filed in the United States Patent and Trademark Office
to register trademarks or service marks on the basis of any Grantor’s “intent to use” such trademarks or service marks, but only to the extent, if any, and only during the period, if any, in which, the grant of a Lien thereon would
invalidate or render unenforceable any registration issuing from such application under applicable federal law, unless and until the filing of a “Statement of Use” or “Amendment to Allege Use” has been filed and accepted,
whereupon such applications shall be automatically subject to the Lien granted herein and deemed included in the Collateral; 
 (h) all
assets subject to a certificate of title statute, Farm Products and As-Extracted Collateral; 
 (i)
any property to the extent that such grant of a security interest is prohibited by any requirement of law of a Governmental Authority, requires a consent not obtained of any Governmental Authority pursuant to such requirement of law or is prohibited
by, or constitutes a breach or default under or results in the termination of or requires any consent not obtained under, any contract, license, agreement, instrument or other document in favor of a third party that is not a Grantor evidencing or
giving rise to such property or, in the case of any Investment Property or any Pledged Security, any applicable shareholder or similar agreement, except to the extent that such requirement of law or the term in such contract, license, agreement,
instrument or other document or shareholder or similar agreement providing for such prohibition, breach, default or termination or requiring such consent is ineffective under applicable law, including the New York UCC; 

(j) any assets to the extent a security interest in such assets would result in adverse tax consequences as reasonably determined by the
Borrower; 
 (k) Investment Property consisting of Equity Interests in and assets of Unrestricted Subsidiaries, Immaterial Subsidiaries and
captive insurance companies; 
 (l) any fee owned real property with a book value not in excess of $5,000,000 and all leasehold interests in
real property; 
 (m) cash and cash equivalents securing ABL Obligations consisting of reimbursement obligations in respect of letters of
credit and exposures to defaulting lenders as required by the Revolving Credit Agreement including, without limitation, the LC Cash Collateral Account, to the extent and for so long as such cash and cash equivalents secure such ABL Obligations; and

 (n) any direct Proceeds, substitutions or replacements of any of the foregoing, but only to the extent such Proceeds, substitutions or
replacements would otherwise constitute Excluded Property.Furthermore, no term used in the definition of Collateral (or any component definition thereof) shall be deemed to include any Excluded Property. 

  
 3 

 “Federal Securities Laws” shall have the meaning assigned to such term in
Section 4.05. 
 “Fraudulent Conveyance” shall have the meaning assigned to such term in
Section 2.01. 
 “Grantors” shall mean the Borrower and the Guarantors. 

“Guarantors” shall mean Holdings and the Subsidiary Guarantors. 

“Holdings” shall have the meaning assigned to such term in the preamble. 

“Intellectual Property” shall mean all intellectual property of any Grantor of every kind and nature now owned or hereafter
acquired by such Grantor, including all of the following that are owned or hereafter acquired by such Grantor (i) Patents, Copyrights, Licenses and Trademarks, (ii) all inventions, processes, production methods, trade secrets, confidential
or proprietary technical and business information, know-how and databases and all other proprietary information, (iii) Domain Names, (iv) all improvements with respect to any of the foregoing, and
(v) all causes of action, claims, and warranties now or hereafter owned or a acquired by any Grantor with respect of any of the foregoing. 

“Investment Property” shall mean (a) all “investment property” as such term is defined in the New York UCC
(other than Excluded Property) and (b) whether or not constituting “investment property” as so defined, all Pledged Debt Securities and Pledged Stock. 

“License” shall mean any Patent License, Trademark License, Copyright License or other license or sublicense agreement
relating to Intellectual Property to which any Grantor is a party. 
 “Loan Obligations” shall have the meaning assigned to
the term “Obligations” in the Credit Agreement. 
 “New York UCC” shall mean the Uniform Commercial Code as from
time to time in effect in the State of New York. 
 “Obligations” shall mean the Loan Obligations and all Other Pari Passu
Lien Obligations. 
 “Other Pari Passu Lien Obligations” shall have the meaning assigned to the term
“Obligations” (or equivalent term) in each Other Pari Passu Lien Obligations Agreement; provided that such “Obligations” (or equivalent term) have been designated as Other Pari Passu Lien Obligations pursuant to and in
accordance with Section 7.18. 
 “Other Pari Passu Lien Obligations Agent” shall mean the Person
appointed to act as trustee, agent or representative for the holders of Other Pari Passu Lien Obligations pursuant to any Other Pari Passu Lien Obligations Agreement. 

“Other Pari Passu Lien Obligations Agent Consent” means a consent substantially in the form of Exhibit B to this
Agreement executed by the Other Pari Passu Lien Obligations Agent for any holders of Other Pari Passu Lien Obligations pursuant to Section 7.18. 

“Other Pari Passu Lien Obligations Agreement” shall mean any indenture, credit agreement or other agreement under which any
Other Pari Passu Lien Obligations are incurred. 
 “Pari Passu Intercreditor Agreement” shall mean an intercreditor
agreement entered into among the Collateral Agent, the Administrative Agent and each Other Pari Passu Lien Obligations Agent with respect to the Obligations. 

  
 4 

 “Patent License” shall mean any written agreement, now or hereafter in effect,
granting to any third Person (other than an agreement with any Person who is an affiliate or a subsidiary of any Grantor) any right to make, use or sell any invention on which a Patent, now or hereafter owned by any Grantor or that any Grantor
otherwise has the right to license, is in existence, or granting to any Grantor any right to make, use or sell any invention on which a patent, now or hereafter owned by any third Person, is in existence, and all rights of any Grantor under any such
agreement. 
 “Patents” shall mean all of the following now owned or hereafter acquired by any Grantor: (a) all
letters patent, all registrations and recordings thereof, and all applications for letters patent, including registrations, recordings and pending applications in the United States Patent and Trademark Office (or any successor), including those
listed on Schedule III, (b) all reissues, continuations, divisions, continuations-in-part, renewals or extensions thereof, and the inventions disclosed or
claimed therein, including the right to make, use and/or sell the inventions disclosed or claimed therein and (c) all income, royalties, damages and payments now or hereafter due and/or payable with respect thereto, all damages and payments for
past, present or future infringements thereof and rights to sue therefor, and all rights corresponding thereto throughout the world. 

“Permitted Liens” shall have the meaning assigned to such term in the Credit Agreement to the extent such Permitted Liens are
not prohibited under any Other Pari Passu Lien Obligations Agreement. 
 “Pledged Collateral” shall mean (a) the
Pledged Stock, (b) the Pledged Debt Securities, (c) subject to Section 3.05, all payments of principal or interest, dividends, cash, instruments and other property from time to time received, receivable or
otherwise distributed in respect of, in exchange for or upon the conversion of, and all other Proceeds received in respect of, the securities referred to in clauses (a) and (b) above, (d) subject to
Section 3.05, all rights of the applicable Grantor with respect to the securities and other property referred to in clauses (a), (b) and (c) above and (e) all Proceeds of any of the foregoing.

 “Pledged Debt Securities” shall mean (a) the debt securities and promissory notes held by any Grantor on the date
hereof (including all such debt securities and promissory notes listed opposite the name of such Grantor on Schedule II (it being agreed that only debt securities and promissory notes with an individual principal amount equal to or greater
than $1,000,000 are required to be listed on such schedule)), (b) any debt securities or promissory notes in the future issued to such Grantor and (c) any other instruments evidencing the debt securities described above, if any. 

“Pledged Securities” shall mean any promissory notes, stock certificates or other securities now or hereafter included in the
Pledged Collateral, including all certificates, instruments or other documents representing or evidencing any Pledged Collateral. 

“Pledged Stock” shall mean (a) (i) the Equity Interests owned by any Grantor on the date hereof (including all such
Equity Interests listed on Schedule II) and (ii) thereafter, any other Equity Interest obtained in the future by such Grantor, in the case of each of clauses (i) and (ii), to the extent that the same do not constitute
Excluded Property and (b) the certificates, if any, representing all such Equity Interests. 
 “Prior Collateral
Agent” shall have the meaning assigned to such term in Section 7.19. 
 “Receivables”
shall mean the Accounts, Chattel Paper, Documents, Investment Property, Instruments and any other rights or claims to receive money which are General Intangibles or which are otherwise included as Collateral. 

“Revolving Guarantee and Collateral Agreement” shall mean the Guarantee and Collateral Agreement, dated as of the Closing
Date, among the Grantors and Wells Fargo Commercial Distribution Finance, LLC, as administrative agent, collateral agent and floorplan funding agent. 

“Secured Debt Documents” shall mean, collectively, this Agreement, the other Security Documents, the Credit Agreement, the
other Loan Documents and each Other Pari Passu Lien Obligations Agreement. 

  
 5 

 “Secured Parties” shall mean (a) the Lenders, (b) the Administrative
Agent, (c) the Collateral Agent, (d) each Other Pari Passu Lien Obligations Agent, (e) the holders of Other Pari Passu Lien Obligations, (f) the beneficiaries of each indemnification obligation undertaken by any Grantor under any
Secured Debt Document, and (g) the successors and permitted assigns of each of the foregoing. 
 “Security Documents”
shall have the meaning assigned to such term in the Credit Agreement and any analogous term in any Other Pari Passu Lien Obligations Agreement. 

“Security Interest” shall mean the pledge and security interest confirmed and granted pursuant to
Section 3.01. 
 “Subsidiary Guarantor” shall mean any of the following: (a) the Restricted
Subsidiaries identified on Schedule I hereto as Subsidiary Guarantors and (b) each other Restricted Subsidiary that becomes a party to this Agreement as a Subsidiary Guarantor after the Closing Date, excluding any Excluded Subsidiary.

 “Successor Collateral Agent” shall have the meaning assigned to such term in Section 7.19.

 “Termination Date” shall mean the date on which all Term Loans and all other
non-contingent Obligations have been paid in full in cash. 
 “Trademark License”
shall mean any written agreement, now or hereafter in effect, granting to any third Person (other than an agreement with any Person who is an affiliate or a subsidiary of any Grantor) any right to use any trademark now or hereafter owned by any
Grantor or that any Grantor otherwise has the right to license, or granting to any Grantor any right to use any trademark now or hereafter owned by any third Person, and all rights of any Grantor under any such agreement. 

“Trademarks” shall mean all of the following now owned or hereafter acquired by any Grantor: (a) all trademarks, service
marks, trade names, corporate names, company names, business names, fictitious business names, trade styles, trade dress, logos, other source or business identifiers and designs, now existing or hereafter adopted or acquired, all registrations and
recordings thereof, and all registration and recording applications filed in connection therewith, including registrations and registration applications in the United States Patent and Trademark Office (or any successor office), and all extensions
or renewals thereof, including those registrations and applications listed on Schedule III, (b) all goodwill associated therewith or symbolized thereby and (c) all causes of action arising prior to, on or after the date hereof for
infringement of any trademark or unfair competition regarding the same. 
 ARTICLE II 

Guarantee 
 SECTION
2.01. Guarantee. 
 (a) Each Guarantor hereby absolutely, irrevocably and unconditionally guarantees to the Secured Parties,
jointly with the other Guarantors and severally, as a primary obligor and not merely as a surety, the due and punctual payment and performance of the Obligations. Each Guarantor further agrees that the Obligations may be extended or renewed, in
whole or in part, without notice to or further assent from it, and that it will remain bound upon its guarantee notwithstanding any extension or renewal of any Obligation. Each Guarantor waives (to the extent permitted by applicable law) presentment
to, demand of payment from and protest to the Borrower or any other Grantor of any Obligation, and also waives notice of acceptance of its guarantee and notice of protest for nonpayment. Each Guarantor hereby further jointly and severally agrees
that if the Borrower shall fail to pay in full when due (whether at stated maturity, by acceleration or otherwise) any of the Obligations, such Guarantor will promptly pay the same, without any demand or notice whatsoever, and that in the case of
any extension of time of payment or renewal of any of the Obligations, the same will be promptly paid in full when due (whether at extended maturity, by acceleration or otherwise) in accordance with the terms of such extension or renewal. 

  
 6 

 (b) Notwithstanding any provision of this Agreement to the contrary, it is intended that this
Agreement, and any Liens granted hereunder by each Guarantor to secure the obligations and liabilities arising pursuant to this Agreement, not constitute a “Fraudulent Conveyance” (as defined below). Consequently, each Guarantor agrees
that if this Agreement, or any Liens securing the obligations and liabilities arising pursuant to this Agreement, would, but for the application of this sentence and taking into account the provisions of Section 5.02,
constitute a Fraudulent Conveyance, this Agreement and each such Lien shall be valid and enforceable only to the maximum extent that would not cause this Agreement or such Lien to constitute a Fraudulent Conveyance, and this Agreement shall
automatically be deemed to have been amended accordingly at all relevant times. For purposes hereof, “Fraudulent Conveyance” means a fraudulent conveyance or fraudulent transfer under Section 548 of the Bankruptcy Code or a
fraudulent conveyance or fraudulent transfer under the provisions of any applicable fraudulent conveyance or fraudulent transfer law or similar law of any state, nation or other governmental unit, as in effect from time to time. 

SECTION 2.02. Guarantee of Payment. Each Guarantor further agrees that its guarantee hereunder constitutes a guarantee of
payment when due and payable and not of collection, and waives any right (except such as shall be required by applicable law and cannot be waived) to require that any resort be had by the Collateral Agent or any other Secured Party to any security
held for the payment of the Obligations or to any balance of any Deposit Account or credit on the books of the Collateral Agent or any other Secured Party in favor of the Borrower or any other person. 

SECTION 2.03. No Limitations, Etc. 

(a) Except for termination of a Guarantor’s obligations hereunder as expressly provided in Section 7.14 and the
limitations set forth in Section 2.01(b), the obligations of each Guarantor hereunder shall not be subject to any reduction, limitation, impairment or termination for any reason, including any claim of waiver, release,
surrender, alteration or compromise, and shall not be subject to any defense (other than payment or performance of the Obligations (other than contingent obligations), in full) or setoff, counterclaim, recoupment or termination whatsoever by reason
of the invalidity, illegality or unenforceability of the Obligations or otherwise. Without limiting the generality of the foregoing, the obligations of each Guarantor hereunder shall not be discharged or impaired or otherwise affected by
(i) the failure of the Collateral Agent or any other Secured Party to assert any claim or demand or to enforce any right or remedy under the provisions of any Loan Document or otherwise, (ii) any rescission, waiver, amendment or
modification of, or any release from any of the terms or provisions of, any Loan Document (other than pursuant to the terms of a waiver, amendment, modification or release of this Agreement in accordance with the terms hereof) or any other
agreement, including with respect to the release of any other Guarantor under this Agreement and so long as any such amendment, modification or waiver of any Loan Document is made in accordance with Section 9.08 of the Credit Agreement,
(iii) the release of, or any impairment of or failure to perfect any Lien on or security interest in, any security held by the Collateral Agent or any other Secured Party for the Obligations, (iv) any default, failure or delay, willful or
otherwise, in the performance of the Obligations, or (v) any other act or omission that may or might in any manner or to any extent vary the risk of any Guarantor or otherwise operate as a discharge of any Guarantor as a matter of law or equity
(other than the occurrence of the Termination Date). Each Guarantor expressly authorizes the Collateral Agent, in accordance with the Credit Agreement and applicable law, to take and hold security for the payment and performance of the Obligations,
to exchange, waive or release any or all such security (with or without consideration), to enforce or apply such security and direct the order and manner of any sale thereof in its sole discretion or to release or substitute any one or more other
guarantors or obligors upon or in respect of the Obligations, all without affecting the obligations of any Guarantor hereunder. 
 (b) To the
fullest extent permitted by applicable law, each Guarantor waives any defense (other than payment or performance of the Obligations (other than contingent obligations), in full) based on or arising out of any defense of the Borrower or any other
Grantor or the unenforceability of the Obligations or any part thereof from any cause, or the cessation from any cause of the liability of the Borrower or any other Grantor, other than the occurrence of the Termination Date. The Collateral Agent and
the other Secured Parties may, in accordance with the Credit Agreement and applicable law, at their election, foreclose on any security held by one or more of them by one or more judicial or nonjudicial sales, accept an assignment of any such
security in lieu of foreclosure, compromise or adjust any part of the Obligations, make any other accommodation with the Borrower or any other Grantor or exercise any other right or remedy available to them against the Borrower or any other Grantor,
without 

  
 7 

 
affecting or impairing in any way the liability of any Guarantor hereunder except to the extent the Termination Date has occurred. To the fullest extent permitted by applicable law, each
Guarantor waives any defense arising out of any such election even though such election operates, pursuant to applicable law, to impair or to extinguish any right of reimbursement or subrogation or other right or remedy of such Guarantor against the
Borrower or any other Grantor, as the case may be, or any security. 
 SECTION 2.04. Reinstatement. Each Guarantor
agrees that its guarantee hereunder shall continue to be effective or shall be automatically reinstated, as the case may be, if at any time and for any reason payment, or any part thereof, of any Obligation is rescinded or must otherwise be restored
by the Collateral Agent or any other Secured Party whether upon the bankruptcy or reorganization of the Borrower, any other Grantor, or otherwise, notwithstanding the occurrence of the Termination Date. 

SECTION 2.05. Agreement To Pay; Subrogation. In furtherance of the foregoing and not in limitation of any other right that the
Collateral Agent or any other Secured Party has at law or in equity against any Guarantor by virtue hereof, upon the failure of the Borrower or any other Grantor to pay any Obligation when and as the same shall become due and payable, whether at
maturity, by acceleration, after notice of prepayment or otherwise, each Guarantor hereby jointly and severally promises to and will promptly pay, or cause to be paid, to the Collateral Agent for distribution to the Secured Parties in cash the
amount of such unpaid Obligation (other than payment of any contingent obligations). Upon payment by any Guarantor of any sums to the Collateral Agent as provided above, all rights of such Guarantor against the Borrower or any other Guarantor
arising as a result thereof by way of right of subrogation, contribution, reimbursement, indemnity or otherwise shall in all respects be subject to Article V. 

SECTION 2.06. Information. Each Guarantor assumes all responsibility for being and keeping itself reasonably informed of the
Borrower’s and each other Grantor’s financial condition and assets and of all other circumstances bearing upon the risk of nonpayment of the Obligations and the nature, scope and extent of the risks that such Guarantor assumes and incurs
hereunder, and agrees that neither the Collateral Agent nor any other Secured Party will have any duty to advise such Guarantor of information known to it or any of them regarding such circumstances or risks. 

SECTION 2.07. Instrument for the Payment of Money. Each Guarantor hereby acknowledges that the guarantee in this Article
II constitutes an instrument for the payment of money, and consents and agrees that any Secured Party, at its sole option, in the event of a dispute by such Guarantor in the payment of any moneys due hereunder, shall have the right to
bring motion-action under New York CPLR Section 3213. 
 ARTICLE III 

Security Interests in Personal Property 

SECTION 3.01. Security Interest. 

(a) Each Grantor hereby pledges and grants to the Collateral Agent, for the benefit of the Secured Parties, as security for the payment and
performance, as the case may be, in full when due (whether at stated maturity, by acceleration or otherwise) of the Obligations (other than contingent obligations), a security interest in all right, title or interest in or to any and all of the
following assets and properties in each case whether tangible or intangible, wherever located, and now owned or at any time hereafter acquired by such Grantor or in which such Grantor now has or at any time in the future may acquire any right, title
or interest (but excluding any Excluded Property, collectively, the “Collateral”): 
 (i) all Accounts; 

(ii) all Chattel Paper; 
 (iii)
all Documents; 

  
 8 

 (iv) all Equipment; 

(v) all General Intangibles; 

(vi) all Goods; 
 (vii) all
Instruments, including all Pledged Securities; 
 (viii) all Inventory or documents of title, customs receipts, insurance certificates,
shipping documents and other written materials related to the purchase or import of any Inventory; 
 (ix) all Investment Property; 

(x) all Intellectual Property; 

(xi) all Pledged Collateral; 

(xii) all Records and all books and records pertaining to the Collateral; 

(xiii) all letters of credit under which such Grantor is the beneficiary and
Letter-of-Credit Rights; 
 (xiv) all Supporting Obligations;

 (xv) all cash and Cash Equivalents; 

(xvi) all Deposit Accounts and Securities Accounts, including all cash, marketable securities, securities entitlements, financial assets and
other funds held in or on deposit in any of the foregoing; 
 (xvii) all rights to any price protection payments, rebates, discounts,
credits, factory holdbacks, incentive payments and other amounts which at any time are due Grantors from a Floorplan Approved Vendor (as defined in the Revolving Credit Agreement) in connection with Floorplan Financed Inventory (as defined in the
Revolving Credit Agreement); 
 (xviii) all other personal property whatsoever of such Grantor; and 

(xix) to the extent not otherwise included, all Proceeds, all accessions to and substitutions and replacements for and products of any and all
of the foregoing and all offsprings, rents profits and products of any of the foregoing and all collateral security and guarantees given by any person with respect to any of the foregoing. 

(b) [Reserved]. 
 (c) Each Grantor
hereby authorizes the Collateral Agent at any time and from time to time to file in any relevant jurisdiction any financing statements (including fixture filings) with respect to the Collateral or any part thereof and amendments thereto that
(i) indicate the Collateral as “all assets” of such Grantor or words of similar effect, and (ii) contain the information required by Article 9 of the Uniform Commercial Code of each applicable jurisdiction for the filing of any
financing statement or amendment, including (x) whether such Grantor is an organization, the type of organization and any organizational identification number issued to such Grantor and (y) in the case of a financing statement filed as a
fixture filing, a sufficient description of the real property to which such Collateral relates. Each Grantor agrees to provide such information to the Collateral Agent promptly upon written request. The Collateral Agent agrees, upon request by the
Borrower and at the Borrower’s expense, to promptly furnish copies of such filings to the Borrower. 

  
 9 

 (d) The Collateral Agent is further authorized to file with the United States Patent and
Trademark Office or United States Copyright Office (or any successor office) such documents as may be necessary for the purpose of perfecting, confirming, continuing, enforcing or protecting the Security Interest granted by each Grantor, without the
signature of any Grantor, and naming any Grantor or the Grantors as debtors and the Collateral Agent as secured party. The Collateral Agent agrees, upon request by the Borrower and at the Borrower’s expense, to promptly furnish copies of such
filings to the Borrower. 
 (e) The Security Interest is granted as security only and, except as otherwise required by applicable law, shall
not subject the Collateral Agent or any other Secured Party to, or in any way alter or modify, any obligation or liability of any Grantor with respect to or arising out of the Collateral. Nothing contained in this Agreement shall be construed to
make the Collateral Agent or any other Secured Party liable as a member of any limited liability company or as a partner of any partnership, and neither the Collateral Agent nor any other Secured Party by virtue of this Agreement or otherwise
(except as referred to in the following sentence) shall have any of the duties, obligations or liabilities of a member of any limited liability company or as a partner in any partnership. The parties hereto expressly agree that, unless the
Collateral Agent shall become the owner of Pledged Collateral consisting of a limited liability company interest or a partnership interest pursuant hereto, this Agreement shall not be construed as creating a partnership or joint venture among the
Collateral Agent, any other Secured Party, any Grantor and/or any other Person. 
 SECTION 3.02. Representations and
Warranties. Each Grantor represents and warrants to the Collateral Agent and the other Secured Parties that: 
 (a) In
executing and delivering this Agreement, each Grantor has (i) adequate means to obtain from the Borrower on a continuing basis information concerning the Borrower; (ii) full and complete access to the Secured Debt Documents and any other
documents executed in connection with the Secured Debt Documents; and (iii) not relied and will not rely upon any representations or warranties of any Secured Party not embodied herein or any acts heretofore or hereafter taken by any Secured
Party (including but not limited to any review by any Secured Party of the affairs of the Borrower). 
 (b) Each Grantor has good and valid
rights in and title (except as otherwise permitted by all Secured Debt Documents) to the Collateral with respect to which it has purported to grant a Security Interest hereunder, has full organizational power and authority to grant to the Collateral
Agent, for the benefit of the Secured Parties, the Security Interest in such Collateral pursuant hereto and to execute, deliver and perform its obligations in accordance with the terms of this Agreement, and no Lien exists upon the Collateral (and
no right or option to acquire the same exists in favor of any other Person) other than (i) the valid and perfected security interest created or provided for herein and (ii) Liens expressly permitted by all Secured Debt Documents. 

(c) (i) Uniform Commercial Code financing statements (including fixture filings, if applicable) or other appropriate filings, recordings
or registrations containing a description of the Collateral have been prepared by the Collateral Agent based upon the information provided to the Collateral Agent and the Secured Parties by the Grantors for filing in each governmental, municipal or
other office specified on Schedule IV hereof (or specified by notice from the Borrower to the Collateral Agent after the date hereof in the case of filings, recordings or registrations required by Section 5.09 of the Credit Agreement or after
the date hereof in the case of filings, recordings or registrations required by any comparable provision of any Other Pari Passu Lien Obligations Agreement), which are all the filings, recordings and registrations (other than filings required to be
made in the United States Patent and Trademark Office and the United States Copyright Office in order to perfect the Security Interest in the Collateral consisting of United States Patents, Trademarks and Copyrights) that are necessary as of the
date hereof (or after the date hereof, in the case of filings, recordings or registrations required by Section 5.09 of the Credit Agreement or after the date hereof in the case of filings, recordings or registrations required by any comparable
provision of any Other Pari Passu Lien Obligations Agreement) to publish notice of and protect the validity of and to establish a legal, valid and perfected security interest in favor of the Collateral Agent, for the benefit of the Secured Parties,
in respect of all Collateral in which the Security Interest may be perfected by filing, recording or registration in the United States (or any political subdivision thereof) and its territories and possessions, and no further or subsequent filing,
refiling, recording, rerecording, registration or reregistration is necessary in any such jurisdiction, except as provided under applicable law with respect to the filing of continuation statements; and (ii) notwithstanding the foregoing, each
Grantor represents and warrants that a fully executed agreement in the form hereof or, alternatively, each applicable short form Intellectual Property Security Agreement, and containing a description of all Collateral consisting of Intellectual
Property that is material to the conduct of such Grantor’s 

  
 10 

 
business with respect to United States Patents and United States federally registered Trademarks (and Trademarks for which United States federal registration applications are pending) and United
States federally registered Copyrights has been or will be delivered to the Collateral Agent for recording by the United States Patent and Trademark Office and the United States Copyright Office pursuant to 35 U.S.C. § 261, 15 U.S.C. §
1060 or 17 U.S.C. § 205 and the regulations thereunder, as applicable to protect the validity of and to establish a legal, valid and perfected security interest in favor of the Collateral Agent in respect of all such Collateral in which a
security interest may be perfected by filing, recording or registration in the United States, and no further or subsequent filing, refiling, recording, rerecording, registration or reregistration is necessary (other than filings described in
Section 3.02(c)(i), and other than such actions as are necessary to perfect the Security Interest with respect to any Collateral consisting of United States Patents, United States federally registered Trademarks and United States federally
registered Copyrights (and applications therefor) that are material to the conduct of such Grantor’s business and that are acquired or developed after the date hereof). 

(d) The Security Interest constitutes (i) a legal and valid security interest in all Collateral securing the payment and performance of
the Obligations, (ii) subject to the filings described in Section 3.02(c), a perfected security interest in all Collateral in which a security interest may be perfected by filing, recording or registering a financing
statement or analogous document in the United States (or any state thereof) pursuant to the Uniform Commercial Code and (iii) subject to the filings described in Section 3.02(c), a security interest that shall be
perfected in all Collateral in which a security interest may be perfected upon the receipt and recording of this Agreement (or the applicable short form Intellectual Property Security Agreement) with the United States Patent and Trademark Office and
the United States Copyright Office, as applicable, within the 3-month period (commencing as of the date hereof) pursuant to 35 U.S.C. § 261 or 15 U.S.C. § 1060 or the
1-month period (commencing as of the date hereof) pursuant to 17 U.S.C. § 205. The Security Interest is and shall be prior to any other Lien on any of the Collateral, other than Permitted Liens. 

(e) Schedule II correctly sets forth as of the date hereof the percentage of the issued and outstanding shares or units of each class of
the Equity Interests of the issuer thereof represented by the Pledged Stock and includes all Equity Interests, debt securities and promissory notes required to be pledged hereunder. 

(f) The Pledged Stock and Pledged Debt Securities have been duly and validly authorized and issued by the issuers thereof and (i) in the
case of Pledged Stock issued by a corporation, are fully paid and nonassessable (if applicable) and (ii) in the case of Pledged Debt Securities, are legal, valid and binding obligations of the issuers thereof, subject to applicable bankruptcy,
insolvency, reorganization, moratorium or other loss affecting creditors’ rights generally and general principles of equity, regardless of whether considered in a proceeding in equity or at law. 

(g) Schedule V correctly sets forth as of the date hereof (i) the exact legal name of each Grantor, as such name appears in its
respective certificate or articles of incorporation or formation, (ii) the jurisdiction of organization of each Grantor, (iii) the mailing address of each Grantor, (iv) the organizational identification number, if any, issued by the
jurisdiction of organization of each Grantor, (v) the identity or type of organization of each Grantor and (vi) the Federal Taxpayer Identification Number, if any, of each Grantor. The Borrower agrees to update the information required
pursuant to the preceding sentence as provided in Section 5.06 of the Credit Agreement and any comparable provision of any Other Pari Passu Lien Obligations Agreement. 

(h) [Reserved]. 
 (i)
Notwithstanding the foregoing or anything else in this Agreement to the contrary, no representation, warranty or covenant is made with respect to the creation or perfection of a security interest in (i) Collateral consisting of Intellectual
Property that is not material to the conduct of the Grantor’s business, and (ii) Collateral to the extent such creation or perfection would require (A) any filing other than a filing in the United States of America, any state thereof
and the District of Columbia or (B) other action under the laws of any jurisdiction other than the United States of America, any state thereof and the District of Columbia. 

(j) Each Grantor represents and warrants that the Trademarks, Patents and Copyrights listed on Schedule III include all United States
federal registrations and pending applications for Trademarks, Patents and Copyrights, all as in effect as of the date hereof, that such Grantor owns and that are material to the conduct of its business as of the date hereof. 

  
 11 

 (k) As of the date hereof, all of Grantors’ locations where Collateral constituting
Inventory is located (other than (i) Collateral in transit or out for repair or maintenance or (ii) locations where the value of Inventory located at any such location does not exceed $2,000,000 and the aggregate value of Inventory located
at all such locations does not exceed $10,000,000) are listed on Schedule VI. All of said locations are owned by the Grantors except for locations (i) which are leased by the Grantors as lessees and designated in Part B(ii) of
Schedule VI and (ii) at which Inventory is held in a public warehouse or is otherwise held by a bailee or on consignment as designated in Part B(iii) of Schedule VI. 

(l) All of such Grantor’s Deposit Accounts are listed on Schedule VII. 

(m) Schedule VIII lists all Chattel Paper of such Grantor having an individual fair market value in excess of $250,000. 

(n) With respect to Accounts and Chattel Paper, the information with respect to the Accounts and Chattel Paper (including without limitation
the names of obligors, amounts owing and due dates) is and will be correctly stated in all material respects in all records of the Grantors relating thereto and in all invoices with respect thereto required to be furnished to the Collateral Agent by
the Grantors from time to time pursuant to the Secured Debt Documents. 
 SECTION 3.03. Covenants. 

(a) Subject to Section 3.02(i), each Grantor shall, at its own expense, take all commercially reasonable actions
necessary to defend title to the Collateral against all persons and to defend the Security Interest of the Collateral Agent in the Collateral and the priority thereof against any Lien which does not constitute a Permitted Lien. 

(b) Subject to Section 3.02(i), each Grantor agrees, upon written request by the Collateral Agent and at its own
expense, to execute, acknowledge, deliver and cause to be filed all such further instruments and documents and take all such actions as the Collateral Agent may from time to time reasonably request to obtain, preserve, protect and perfect the
Security Interest and the rights and remedies created hereby, including the payment of any fees and Taxes required in connection with the execution and delivery of this Agreement, the granting of the Security Interest and the filing of any financing
or continuation statements (including fixture filings) or other documents in connection herewith or therewith. 
 (c) At its option, but only
following 5 Business Days’ written notice to each Grantor of its intent to do so unless an Event of Default shall have occurred and be continuing, the Collateral Agent may discharge past due Taxes, assessments, charges, fees or Liens at any
time levied or placed on the Collateral which do not constitute a Permitted Lien, and may pay for the maintenance and preservation of the Collateral to the extent any Grantor fails to do so as required by the Credit Agreement or any other Secured
Debt Document, and each Grantor agrees to reimburse the Collateral Agent within 30 days after written demand for any reasonable out of pocket payment made or any reasonable out of pocket expense incurred by the Collateral Agent pursuant to the
foregoing authorization; provided, however, that nothing in this paragraph shall be interpreted as excusing any Grantor from the performance of, or imposing any obligation on the Collateral Agent or any Secured Party to cure or
perform, any covenants or other promises of any Grantor with respect to Taxes, assessments, charges, fees or Liens and maintenance as set forth herein or in the other Secured Debt Documents. 

(d) Each Grantor shall remain liable to observe and perform all conditions and obligations to be observed and performed by it under each
contract, agreement or instrument relating to the Collateral, all in accordance with the terms and conditions thereof. 

  
 12 

 (e) In the case of each Grantor, such Grantor shall, on or prior to the date on which a
Compliance Certificate is delivered to the Administrative Agent pursuant to Section 5.04(c) of the Credit Agreement for the fiscal quarter in which such Grantor obtains actual knowledge thereof, give notice to the
Collateral Agent of any Commercial Tort Claim of such Grantor in which the damages being sought are reasonably estimated by such Grantor to exceed $1,000,000 and shall grant to the Collateral Agent, for the benefit of the Secured Parties, a first
priority security interest in such Commercial Tort Claim. After such grant, such Commercial Tort Claim shall be deemed to constitute Collateral for purposes of this Agreement. 

(f) Subject to the following sentence, the Grantors will not (i) maintain any Inventory (other than such Collateral in transit) at any
location other than those locations listed on Schedule VI (except for locations where the fair market value of Inventory at any such location does not exceed $2,000,000 and the aggregate fair market value of Inventory at all such locations
does not exceed $10,000,000), (ii) otherwise change, or add to, such locations, or (iii) change their respective principal places of business or chief executive offices from the location identified on Schedule VI. Each Grantor will give
the Collateral Agent at least ten (10) days prior written notice (or such shorter notice to which the Collateral Agent has consented in writing) of any new principal place of business or chief executive office or any new location for any of its
Inventory, except for locations where the market value of Inventory stored or warehoused at any such new location does not exceed $2,000,000 and the aggregate market value of Inventory, stored or warehoused at all such new locations (together with
all other locations not listed on Schedule VI) does not exceed $10,000,000 (such locations, “Excluded Locations”). With respect to any such new location (excluding Excluded Locations), such Grantor will execute such documents
and take such actions as the Collateral Agent reasonably deems necessary to perfect and protect the Liens granted under the Collateral Documents. 

(g) Receivables. 

(i) The Grantors will deliver to the Collateral Agent promptly upon its request after the occurrence and during the continuation of an Event of
Default duplicate invoices with respect to each Account bearing such language of assignment as the Collateral Agent shall specify. 
 (ii)
Upon the request of the Collateral Agent after the occurrence and during the continuation of an Event of Default, the Grantors shall take all steps reasonably necessary to grant the Collateral Agent “control” (within the meaning of set
forth in Section 9-105 of the Uniform Commercial Code) of all electronic chattel paper in accordance with the Uniform Commercial Code. 

SECTION 3.04. Other Actions. In order to further ensure the attachment, perfection and priority of, and the ability of
the Collateral Agent to enforce, the Security Interest in the Collateral, each Grantor agrees, in each case at such Grantor’s own expense, to take the following actions with respect to the following Collateral: 

(a) Instruments. Upon the occurrence and during the continuation of an Event of Default, if any Grantor shall at any time
hold or acquire any Instruments in excess of $1,000,000 individually, such Grantor shall, upon the request of the Collateral Agent, promptly endorse, assign and deliver the same to the Collateral Agent, accompanied by such undated instruments of
endorsement, transfer or assignment duly executed in blank as the Collateral Agent may from time to time reasonably specify. 
 (b)
Investment Property. Subject to the terms hereof, if any Grantor shall at any time hold or acquire any Certificated Securities, to the extent the same do not constitute Excluded Property, such Grantor shall promptly endorse,
assign and deliver the same to the Collateral Agent, accompanied by such undated instruments of transfer or assignment duly executed in blank as the Collateral Agent may from time to time reasonably specify. Each delivery of Pledged Securities shall
be accompanied by a schedule describing the securities, which schedule shall be attached hereto as Schedule II and made a part hereof and supplement any prior schedule so delivered; provided that failure to attach any such schedule
hereto shall not affect the validity of such pledge of such Pledged Securities and shall not in and of itself result in any Default or Event of Default. Each certificate representing an interest in any limited liability company or limited
partnership controlled by any Grantor and pledged under Section 3.01 shall be physically delivered to the Collateral Agent in accordance with the terms of the Credit Agreement and each other Secured Debt Document and
endorsed to the Collateral Agent or endorsed in blank. 

  
 13 

 (c) Security Interests in Property of Account
Debtors. If at any time any Grantor shall take a security interest in any property of an Account Debtor or any other Person the value of which equals or exceeds $250,000 to secure payment of an Account, such Grantor shall promptly
assign such security interest to the Collateral Agent for the benefit of the Secured Parties. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and
transferees from the Account Debtor or other Person granting the security interest. 
 (d) Letter-of-Credit Rights. If any Grantor is or becomes the beneficiary of a letter of credit that is (i) not a Supporting Obligation of any Collateral and (ii) in excess of $1,000,000
individually, or $5,000,000 in the aggregate for all such letters of credit of the Grantors, such Grantor shall, on the date on which a Compliance Certificate is delivered to the Administrative Agent pursuant to Section 5.04(c) of the Credit
Agreement for the fiscal quarter in which such Grantor becomes a beneficiary thereof, notify the Collateral Agent thereof and, at the request of the Collateral Agent, enter into an agreement with the Collateral Agent, the issuer of such letter of
credit or any nominated person with respect to the Letter-of-Credit Rights under such letter of credit. Such agreement shall collaterally assign such Letter-of-Credit Rights to the Collateral Agent and such assignment shall be sufficient to grant control to the Collateral Agent for the purposes of Section 9-107 of the New York UCC (or any similar section under any equivalent Uniform Commercial Code), and shall be in form and substance reasonably satisfactory to Collateral Agent. 

SECTION 3.05. Voting Rights; Dividends and Interest, Etc. Unless and until an Event of Default shall have occurred and be
continuing and the Collateral Agent shall have given the Grantors at least three (3) days’ prior written notice of its intent to exercise its rights under this Agreement: 

(a) Each Grantor shall be entitled to exercise any and all voting and/or other consensual rights and powers inuring to an owner of the Pledged
Collateral or any part thereof for any purpose consistent with the terms of this Agreement and the other Secured Debt Documents and applicable law and no notice of any such voting or exercise of any consensual rights and powers need be given to the
Collateral Agent. 
 (b) The Collateral Agent shall promptly execute and deliver to each Grantor, or cause to be executed and delivered to
each Grantor, all such proxies, powers of attorney and other instruments as such Grantor may reasonably request for the purpose of enabling such Grantor to exercise the voting and/or consensual rights and powers it is entitled to exercise pursuant
to paragraph (a) above. 
 (c) Each Grantor shall be entitled to receive and retain any and all dividends, interest, principal
and other distributions paid on or distributed in respect of the Pledged Collateral to the extent and only to the extent that such dividends, interest, principal and other distributions are not prohibited by, and otherwise paid or distributed in
accordance with, the terms and conditions of the Secured Debt Documents and applicable law; provided that any noncash dividends, interest, principal or other distributions that would constitute Pledged Collateral shall be and become part of the
Pledged Collateral, and, if received by any Grantor, shall be held in trust for the benefit of the Collateral Agent and the Secured Parties and shall be delivered to the Collateral Agent in the same form as so received (with any necessary
endorsement reasonably requested by the Collateral Agent) on or prior to the later to occur of (i) 30 days following the receipt thereof and (ii) the earlier of the date of the required delivery of the Compliance Certificate following the
receipt of such items and the date which is 45 days after the end of the most recently ended fiscal quarter (or such longer period as to which the Collateral Agent may consent). 

SECTION 3.06. Additional Covenants Regarding Patent, Trademark and Copyright Collateral. 

(a) Other than to the extent not prohibited herein or in any other Secured Debt Document, except as could not reasonably be expected to have a
Material Adverse Effect, each Grantor agrees that it will not do any act, or omit to do any act, whereby any Patent that is material to the conduct of such Grantor’s business may become invalidated or dedicated to the public, other than the
expiration of such Patent at the end of its natural term, subject to such Grantor’s reasonable business judgment. 
 (b) Other than to
the extent not prohibited herein or in any other Secured Debt Document, except as could not reasonably be expected to have a Material Adverse Effect, each Grantor (either itself or through its licensees or its sublicensees) will, for each registered
Trademark that is material to the conduct of such Grantor’s business, use commercially reasonable efforts to maintain such Trademark registration in full force free from any legally binding determination of abandonment or invalidity of such
Trademark registration due to nonuse, subject to such Grantor’s reasonable business judgment. 

  
 14 

 (c) Other than to the extent not prohibited herein or in any other Secured Debt Document, except
as could not reasonably be expected to have a Material Adverse Effect, and subject to each Grantor’s reasonable business judgment, each Grantor will take all reasonable and necessary steps that are consistent with reasonable business practice
in any proceeding before the United States Patent and Trademark Office, and the United States Copyright Office, to maintain and pursue each material application relating to the Patents, Trademarks and/or Copyrights (and to obtain the relevant grant
or registration) and to maintain each issued Patent and each registration of the Trademarks and Copyrights that is material to the conduct of any Grantor’s business, including timely filings of applications for renewal, affidavits of use,
affidavits of incontestability and payment of maintenance fees, and, if consistent with reasonable business judgment, to initiate opposition, interference and cancellation proceedings against third parties. 

(d) Each Grantor agrees that, should it obtain an ownership interest in any Intellectual Property (other than any Excluded Property) after the
date hereof, to the extent that such Intellectual Property would be a part of the Collateral under the terms of this Agreement had it been owned by such Grantor as of the date hereof, (“After-Acquired
Intellectual Property”), (i) the provisions of this Agreement shall automatically apply thereto, and (ii) any such After-Acquired Intellectual Property and, in the case of Trademarks, the
goodwill symbolized thereby shall automatically become part of the Collateral, subject to the terms and conditions of this Agreement. Within 120 days after the end of each calendar year (or such longer period as to which the Collateral Agent may
consent), the relevant Grantor shall sign and deliver to the Collateral Agent an appropriate Intellectual Property Security Agreement with respect to all applicable United States federally registered (and all applications for United States federally
registered) After-Acquired Intellectual Property owned by it as of the last day of the applicable fiscal year, to the extent that such Intellectual Property is not Excluded Property and to the extent that it
is not covered by any previous Intellectual Property Security Agreement so signed and delivered by it. 
 SECTION 3.07.
Limitations. Notwithstanding anything to the contrary in this Agreement or any other Security Document, (i) the Collateral Agent shall not require the taking of any action (other than, for the avoidance of doubt, execution and
delivery of this Agreement) to create a Lien on, or require the perfection of any Lien granted in, those assets located outside the United States or otherwise take any action with respect to creation or perfection of Liens under foreign laws,
(ii) the Collateral Agent shall not require control agreements or perfection by “control” arrangements with respect to deposit and securities accounts (provided that, to the extent control agreements or perfection by
“control” arrangements with respect to deposit and securities accounts are entered into pursuant to the requirements of, or otherwise in connection with, the Revolving Credit Agreement, such agreements or arrangements shall also be entered
into in favor of the Collateral Agent), (iii) the Collateral Agent shall not require notices to be sent to account debtors or other contractual third-parties except following the occurrence and during the continuance of an Event of Default,
(iv) the Collateral Agent shall not require landlord waivers and other third-party access or statutory lien subordinations or waivers, (v) the Collateral Agent shall not require the perfection of security interests in motor vehicles and
other assets subject to certificates of title statutes to the extent a Lien thereon cannot be perfected by the filing of a Uniform Commercial Code financing statement (or the equivalent), (vi) the Collateral Agent shall not require perfection of
(A) letters of credit and Letter-of-Credit Rights which (1) do not constitute Supporting Obligations and (2) are not in excess of $1,000,000 individually,
or $5,000,000 in the aggregate for all such letters of credit and Letter-of-Credit Rights of the Loan Parties and (B) Commercial Tort Claims which (1) require
any additional action by any Loan Party to grant or perfect a security interest in such Commercial Tort Claim and (2) are not in excess of $1,000,000 individually, or $5,000,000 in the aggregate, in each case, other than the filing of a Uniform
Commercial Code financing statement (or the equivalent), and (vii) the Collateral Agent shall not require the taking of a Lien on, or require the perfection of any Lien granted in, those assets as to which the cost of obtaining or perfecting
such Lien (including any mortgage, stamp, intangibles or other tax or expenses relating to such Lien) is excessive in relation to the practical benefit to the Lenders of the security afforded thereby as reasonably determined by the Borrower and the
Administrative Agent. 

  
 15 

 ARTICLE IV 

Remedies 
 SECTION
4.01. Pledged Collateral. 
 (a) Upon the occurrence and during the continuance of an Event of Default and with prior written
notice to the Borrower, the Collateral Agent, on behalf of the Secured Parties, shall have the right (in its sole and absolute discretion) to hold the Pledged Securities in its own name as pledgee, the name of its nominee (as pledgee or as sub-agent) or the name of the applicable Grantor, endorsed or assigned in blank or in favor of the Collateral Agent. Subject to the Intercreditor Agreement with respect to the ABL Priority Collateral (as therein
defined), upon the occurrence and during the continuance of an Event of Default and with prior written notice to the relevant Grantor, the Collateral Agent shall at all times have the right to exchange the certificates representing any Pledged
Securities for certificates of smaller or larger denominations for any purpose consistent with this Agreement. 
 (b) Upon the occurrence and
during the continuance of an Event of Default, all rights of any Grantor to dividends, interest, principal or other distributions that such Grantor is authorized to receive pursuant to paragraph (c) of Section 3.05 shall
cease, and all such rights shall thereupon become vested in the Collateral Agent, which shall have the sole and exclusive right and authority to receive and retain such dividends, interest, principal or other distributions. All dividends, interest,
principal or other distributions received by any Grantor contrary to the provisions of Section 3.05 or this Section 4.01(b) shall be held in trust for the benefit of the Collateral Agent, shall be
segregated from other property or funds of such Grantor and shall be promptly delivered to the Collateral Agent upon written demand in the same form as so received (with any necessary endorsement or instrument of assignment). Any and all money and
other property paid over to or received by the Collateral Agent pursuant to the provisions of this paragraph (b) shall be retained by the Collateral Agent in an account to be established by the Collateral Agent upon receipt of such money
or other property and shall be applied in accordance with the provisions of Section 4.03. After all Events of Default have been cured or waived, the Collateral Agent shall promptly repay to each applicable Grantor (without
interest) all dividends, interest, principal or other distributions that such Grantor would otherwise be permitted to retain pursuant to the terms of paragraph (c) of Section 3.05 and that remain in such account. 

(c) Upon the occurrence and during the continuance of an Event of Default, all rights of any Grantor to exercise the voting and consensual
rights and powers it is entitled to exercise pursuant to paragraph (a) of Section 3.05, and the obligations of the Collateral Agent under paragraph (b) of Section 3.05, shall cease, and all such rights
shall thereupon become vested in the Collateral Agent, which shall have the sole and exclusive right and authority to exercise such voting and consensual rights and powers; provided, however, that unless otherwise directed by the
Required Lenders, the Collateral Agent shall have the right, in its sole discretion, from time to time following and during the continuance of an Event of Default and the provision of the notice referred to above to permit the Grantors to exercise
such rights. To the extent the notice referred to in the first sentence of this paragraph (c) has been given, after all Events of Default have been cured or waived, each Grantor shall have the exclusive right to exercise the voting
and/or consensual rights and powers that such Grantor would otherwise be entitled to exercise pursuant to the terms of paragraph (a) of Section 3.05, and the Collateral Agent shall again have the obligations under
paragraph (b) of Section 3.05. 
 SECTION 4.02. Uniform Commercial Code and Other Remedies.
Upon the occurrence and during the continuance of an Event of Default, each Grantor agrees to deliver each item of Collateral to the Collateral Agent on written demand, and it is agreed that the Collateral Agent shall have the right to take any of
or all the following actions at the same or different times: (a) with respect to any Collateral consisting of Intellectual Property, on written demand, to cause the Security Interest to become an assignment, transfer and conveyance of any of or
all such Collateral (provided that such assignment, transfer or conveyance of any Collateral consisting of Trademarks includes an assignment, transfer or conveyance of the goodwill associated with such Trademarks) by the applicable Grantor to the
Collateral Agent, or to license or sublicense, whether general, special or otherwise, and whether on an exclusive or nonexclusive basis, any such Collateral throughout the world on such terms and conditions and in such manner as the Collateral Agent
shall determine (other than in violation of any then-existing licensing arrangements), (b) with or without legal process and with or without prior notice or demand for performance, to take possession of the
Collateral without breach of the peace, and subject to the terms of any related lease agreement, to enter any 

  
 16 

 
premises where the Collateral may be located for the purpose of taking possession of or removing the Collateral, and (c) generally, to exercise any and all rights afforded to a secured party
under the Uniform Commercial Code, whether or not the Uniform Commercial Code is in effect in the applicable jurisdiction, or other applicable law. Without limiting the generality of the foregoing, each Grantor agrees that the Collateral Agent shall
have the right, subject to the mandatory requirements of applicable law, to sell or otherwise dispose of all or any part of the Collateral at a public or private sale or at any broker’s board or on any securities exchange upon such commercially
reasonable terms and conditions as it may deem necessary, for cash, upon credit or for future delivery as the Collateral Agent shall deem appropriate. The Collateral Agent shall be authorized at any such sale (if it deems it necessary to do so) to
restrict the prospective bidders or purchasers to persons who will represent and agree that they are purchasing the Collateral for their own account for investment and not with a view to the distribution or sale thereof, and upon consummation of any
such sale the Collateral Agent shall have the right to assign, transfer and deliver to the purchaser or purchasers thereof the Collateral so sold. Each such purchaser at any such sale shall hold the property sold absolutely, free from any claim or
right on the part of any Grantor, and each Grantor hereby waives (to the extent permitted by law) all rights of redemption, stay and appraisal which such Grantor now has or may at any time in the future have under any rule of law or statute now
existing or hereafter enacted. 
 The Collateral Agent shall give each applicable Grantor 10 days’ written notice (which each Grantor
agrees is reasonable notice within the meaning of Section 9-611 of the New York UCC or its equivalent in other jurisdictions) of the Collateral Agent’s intention to make any sale of Collateral. Such
notice, in the case of a public sale, shall state the time and place for such sale and, in the case of a sale at a broker’s board or on a securities exchange, shall state the board or exchange at which such sale is to be made and the day on
which the Collateral, or portion thereof, will first be offered for sale at such board or exchange. Any such public sale shall be held at such time or times within ordinary business hours and at such place or places as the Collateral Agent may fix
and state in the notice (if any) of such sale. At any such sale, the Collateral, or portion thereof, to be sold may be sold in one lot as an entirety or in separate parcels, as the Collateral Agent may (in its sole and absolute discretion)
determine. The Collateral Agent shall not be obligated to make any sale of any Collateral if it shall determine not to do so, regardless of the fact that notice of sale of such Collateral shall have been given. The Collateral Agent may, without
notice or publication, adjourn any public or private sale or cause the same to be adjourned from time to time by announcement at the time and place fixed for sale, and such sale may, without further notice, be made at the time and place to which the
same was so adjourned. In case any sale of all or any part of the Collateral is made on credit or for future delivery, the Collateral so sold may be retained by the Collateral Agent until the sale price is paid by the purchaser or purchasers
thereof, but the Collateral Agent shall not incur any liability in case any such purchaser or purchasers shall fail to take up and pay for the Collateral so sold and, in case of any such failure, such Collateral may be sold again upon like notice.
At any public (or, to the extent permitted by law, private) sale made pursuant to this Agreement, any Secured Party may bid for or purchase, free (to the extent permitted by applicable law) from any right of redemption, stay, valuation or appraisal
on the part of any Grantor (all said rights being also hereby waived and released to the extent permitted by applicable law), the Collateral or any part thereof offered for sale and may make payment on account thereof by using any claim then due and
payable to such Secured Party from any Grantor as a credit against the purchase price, and such Secured Party may, upon compliance with the terms of sale, hold, retain and dispose of such property without further accountability to any Grantor
therefor. For purposes hereof, a written agreement to purchase the Collateral or any portion thereof shall be treated as a sale thereof; the Collateral Agent shall be free to carry out such sale pursuant to such agreement and no Grantor shall be
entitled to the return of the Collateral or any portion thereof subject thereto, notwithstanding the fact that after the Collateral Agent shall have entered into such an agreement all Events of Default shall have been remedied and the Obligations
(other than contingent obligations) paid in full. As an alternative to exercising the power of sale herein conferred upon it, the Collateral Agent may proceed by a suit or suits at law or in equity to foreclose this Agreement and to sell the
Collateral or any portion thereof pursuant to a judgment or decree of a court or courts having competent jurisdiction or pursuant to a proceeding by a court-appointed receiver. 

Until the Termination Date, each Grantor irrevocably makes, constitutes and appoints the Collateral Agent (and all officers, employees or
agents designated in writing by the Collateral Agent) as such Grantor’s true and lawful agent (and attorney-in-fact) for the purpose, upon the occurrence and during
the continuance of an Event of Default, of making, settling and adjusting claims in respect of Collateral under policies of insurance, endorsing the name of such Grantor on any check, draft, instrument or other item of payment for the proceeds of
such policies of insurance and for making all determinations and decisions with respect thereto. Upon the occurrence and during the continuance of an Event of Default, in the event that any Grantor at any time or times shall fail to obtain or
maintain 

  
 17 

 
any of the policies of insurance required under the Credit Agreement or any other Secured Debt Document or to pay any premium in whole or part relating thereto, the Collateral Agent may upon
prior written notice to such Grantor, without waiving or releasing any obligation or liability of any Grantor hereunder or any Default or Event of Default, in its sole discretion, obtain and maintain such policies of insurance and pay such premium
and take any other actions with respect thereto as the Collateral Agent deems necessary. All sums disbursed by the Collateral Agent in connection with this paragraph, including attorneys’ fees, court costs, expenses and other charges relating
thereto, shall be payable, upon written demand as provided in Section 9.05 of the Credit Agreement or any comparable provision of any Other Pari Passu Lien Obligations Agreement, by the Grantors to the Collateral Agent and shall be additional
Obligations secured hereby. 
 SECTION 4.03. Application of Proceeds. Subject to the Intercreditor Agreement, if an
Event of Default shall have occurred and be continuing, the Collateral Agent shall apply the proceeds of any collection, sale, foreclosure or other realization upon any Collateral in accordance with any applicable Pari Passu Intercreditor Agreement
or, (i) if there are no Other Pari Passu Lien Obligations outstanding at such time or all Other Pari Passu Lien Obligations have been paid in full (other than contingent obligations) and the Loan Obligations remain outstanding, in accordance
with Section 2.17(b) of the Credit Agreement and (ii) if the Loan Obligations have been paid in full (other than contingent obligations) and only one class of Other Pari Passu Lien Obligations remains outstanding, in accordance with the
applicable Other Pari Passu Lien Obligations Agreement. Upon any sale of Collateral by the Collateral Agent (including pursuant to a power of sale granted by statute or under a judicial proceeding), the receipt of the Collateral Agent or of the
officer making the sale shall be a sufficient discharge to the purchaser or purchasers of the Collateral so sold and such purchaser or purchasers shall not be obligated to see to the application of any part of the purchase money paid over to the
Collateral Agent or such officer or be answerable in any way for the misapplication thereof. 
 SECTION 4.04. Grant of License to Use
Intellectual Property. For the exclusive purpose of enabling the Collateral Agent to exercise its rights and remedies in this Article IV after and during the continuance of an Event of Default, each Grantor hereby grants to the
Collateral Agent (until the termination of this Agreement and subject to Section 7.14) an irrevocable nonexclusive limited license (exercisable without payment of royalty or other compensation to the Grantors), subject in
all respects to any Licenses to use, license or sublicense any of the Collateral consisting of know-how, Patents, Copyrights and Trademarks, now owned or hereafter acquired by such Grantor, 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. The use of such license by
the Collateral Agent may be exercised, at the option of the Collateral Agent, only upon the occurrence and during the continuation of an Event of Default; provided, however, that any license or sublicense entered into by the Collateral
Agent with a third party in accordance with this Section 4.04 shall be binding upon each Grantor notwithstanding any subsequent cure of an Event of Default, except to the extent that such license or sublicense would
invalidate or render unenforceable any such Grantor’s Intellectual Property. 
 SECTION 4.05. Securities Act, Etc. In
view of the position of the Grantors in relation to the Pledged Collateral, or because of other current or future circumstances, a question may arise under the Securities Act or any similar statute hereafter enacted analogous in purpose or effect
(the Securities Act and any such similar statute as from time to time in effect being called the “Federal Securities Laws”) with respect to any disposition of the Pledged Collateral permitted hereunder. Each Grantor understands that
compliance with the Federal Securities Laws might very strictly limit the course of conduct of the Collateral Agent if the Collateral Agent were to attempt to dispose of all or any part of the Pledged Collateral, and might also limit the extent to
which or the manner in which any subsequent transferee of any Pledged Collateral could dispose of the same. Similarly, there may be other legal restrictions or limitations affecting the Collateral Agent in any attempt to dispose of all or part of
the Pledged Collateral under applicable “blue sky” or other state securities laws or similar laws analogous in purpose or effect. Each Grantor recognizes that to the extent such restrictions and limitations apply to any proposed sale of
Pledged Collateral, the Collateral Agent may, with respect to any sale of such Pledged Collateral, limit the purchasers to those who will agree, among other things, to acquire such Pledged Collateral for their own account, for investment, and not
with a view to the distribution or resale thereof. Each Grantor acknowledges and agrees that to the extent such restrictions and limitations apply to any proposed sale of Pledged Collateral, the Collateral Agent, in its sole and absolute discretion
(a) may proceed to make such a sale whether or not a registration statement for the purpose of registering such Pledged Collateral or part thereof shall have been filed under the Federal Securities Laws and (b) may approach and negotiate
with a limited number of potential purchasers (including a single potential 

  
 18 

 
purchaser) to effect such sale. Each Grantor acknowledges and agrees that any such sale might result in prices and other terms less favorable to the seller than if such sale were a public sale
without such restrictions. In the event of any such sale, the Collateral Agent shall incur no responsibility or liability for selling all or any part of the Pledged Collateral at a price that the Collateral Agent, in its sole and absolute
discretion, may in good faith deem reasonable under the circumstances, notwithstanding the possibility that a substantially higher price might have been realized if the sale were deferred until after registration as aforesaid or if more than a
limited number of purchasers (or a single purchaser) were approached. The provisions of this Section 4.05 will apply notwithstanding the existence of a public or private market upon which the quotations or sales prices may
exceed substantially the price at which the Collateral Agent sells. 
 ARTICLE V 

Indemnity, Subrogation and Subordination 

SECTION 5.01. Indemnity and Subrogation. In addition to all such rights of indemnity and subrogation as the Guarantors
may have under applicable law (but subject to Section 5.03), the Borrower agrees that (a) in the event a payment shall be made by any Guarantor under this Agreement, the Borrower shall indemnify such Guarantor for the
full amount of such payment and such Guarantor shall be subrogated to the rights of the person to whom such payment shall have been made to the extent of such payment and (b) in the event any assets of any Guarantor shall be sold pursuant to
this Agreement or any other Security Document to satisfy in whole or in part a claim of any Secured Party, the Borrower shall indemnify such Guarantor in an amount equal to the greater of the book value or the fair market value of the assets so
sold. 
 SECTION 5.02. Contribution and Subrogation. Each Guarantor (a “Contributing Guarantor”)
agrees (subject to Section 5.03) that, in the event a payment shall be made by any other Guarantor hereunder in respect of any Obligation, or assets of any other Guarantor shall be sold pursuant to any Security Document to
satisfy any Obligation owed to any Secured Party, and such other Guarantor (the “Claiming Guarantor”) shall not have been fully indemnified by the Borrower as provided in Section 5.01, the Contributing
Guarantor shall indemnify the Claiming Guarantor in an amount equal to (i) the amount of such payment or (ii) the greater of the book value or the fair market value of such assets, as the case may be, in each case multiplied by a fraction
of which the numerator shall be the net worth of the Contributing Guarantor on the date hereof and the denominator shall be the aggregate net worth of all the Guarantors on the date hereof (or, in the case of any Guarantor becoming a party hereto
pursuant to Section 7.15, the date of the supplement hereto executed and delivered by such Guarantor). Any Contributing Guarantor making any payment to a Claiming Guarantor pursuant to this
Section 5.02 shall be subrogated to the rights of such Claiming Guarantor under Section 5.01 to the extent of such payment. 

SECTION 5.03. Subordination. Notwithstanding any provision of this Agreement to the contrary, all rights of the
Guarantors under Sections 5.01 and 5.02 and all other rights of indemnity, contribution or subrogation under applicable law or otherwise shall be fully subordinated to the Obligations until the Termination Date; provided, that
if any amount shall be paid to such Guarantors on account of such subrogation rights at any time prior to the Termination Date, such amount shall be held in trust for the benefit of the Secured Parties and shall promptly be paid to the Collateral
Agent to be credited and applied against the Obligations, whether matured or unmatured, in accordance with Section 2.17(b) of the Credit Agreement. No failure on the part of the Borrower or any Guarantor to make the payments required by
Sections 5.01 and 5.02 (or any other payments required under applicable law or otherwise) shall in any respect limit the obligations and liabilities of any Guarantor with respect to its obligations hereunder, and each Guarantor shall
remain liable for the full amount of its obligations hereunder. 
 ARTICLE VI 

Intentionally Deleted 

  
 19 

 ARTICLE VII 

Miscellaneous 

SECTION 7.01. Notices. All communications and notices hereunder shall (except as otherwise expressly permitted herein) be
in writing and given as provided in Section 9.01 of the Credit Agreement (whether or not then in effect). Communications and notices to the Administrative Agent, the Collateral Agent, Holdings or the Borrower shall be made to the Administrative
Agent, the Collateral Agent, Holdings or the Borrower, as applicable, at its address set forth in the Credit Agreement, and communications and notices to any Other Pari Passu Lien Obligations Agent shall be made to it at its address set forth in the
applicable Other Pari Passu Lien Obligations Agent Consent. All communications and notices hereunder to any Subsidiary Guarantor shall be given to it in care of the Borrower. 

SECTION 7.02. Survival of Agreement. All covenants, agreements, representations and warranties made by the Grantors
herein or in any other Secured Debt Document shall be considered to have been relied upon by the Secured Parties and shall survive the making by the Lenders of any Term Loans and the extension of credit or purchase by the holders of Other Pari Passu
Lien Obligations, regardless of any investigation made by any Secured Party on their behalf and notwithstanding that the Collateral Agent or any other Secured Party may have had notice or actual knowledge of any Default at the time of the making of
such extension of credit and shall continue in full force and effect until the Termination Date. 
 SECTION 7.03. Binding Effect;
Several Agreement. This Agreement shall become effective when it shall have been executed by the Grantors and the Collateral Agent and when the Collateral Agent shall have received counterparts hereof which, when taken together, bear
the signatures of each of the other parties hereto. This Agreement shall be construed as a separate agreement with respect to each Grantor and may be amended, modified, supplemented, waived or released with respect to any Grantor without the
approval of any other Grantor and without affecting the obligations of any other Grantor hereunder. 
 SECTION 7.04. Successors and
Assigns. Whenever in this Agreement any of the parties hereto is referred to, such reference shall be deemed to include the permitted successors and assigns of such party; and all covenants, promises and agreements by or on behalf of
any Grantor or the Collateral Agent that are contained in this Agreement shall bind and inure to the benefit of their respective successors and assigns. 

SECTION 7.05. Collateral Agent’s Expenses; Indemnity. 

(a) The parties hereto agree that the Collateral Agent shall be entitled to reimbursement of its reasonable out-of-pocket expenses incurred hereunder as provided in Section 9.05 of the Credit Agreement and any comparable provision of any Other Pari Passu Lien Obligations Agreement. 

(b) Without limitation of its indemnification obligations under the other Secured Debt Documents, each Grantor agrees to indemnify the
Collateral Agent and the other Indemnitees as provided in Section 9.05 of the Credit Agreement and any comparable provision of any Other Pari Passu Lien Obligations Agreement. 

(c) Any such amounts payable as provided hereunder shall be additional Obligations secured hereby and by the other Security Documents. The
provisions of this Section 7.05 shall survive the Termination Date. 
 SECTION 7.06. Collateral Agent
Appointed Attorney-in-Fact. 

(a) Until the Termination Date, each Grantor hereby appoints the Collateral Agent as the attorney-in-fact of such Grantor for the purpose of, upon the occurrence and during the continuance of an Event of Default, carrying out the provisions of this Agreement and taking any action and executing
any instrument that the Collateral Agent may deem necessary to accomplish the purposes hereof, which appointment is irrevocable and coupled with an interest. Without limiting the generality of the foregoing, the Collateral Agent shall have the
right, upon the occurrence and during the continuance of an Event of Default, with full power of substitution either in the Collateral Agent’s name or in the name of such Grantor (i) to receive, endorse, assign and/or deliver any and all

  
 20 

 
notes, acceptances, checks, drafts, money orders or other evidences of payment relating to the Collateral or any part thereof, (ii) to demand, collect, receive payment of, give receipt for
and give discharges and releases of all or any of the Collateral, (iii) to sign the name of any Grantor on any invoice or bill of lading relating to any of the Collateral, (iv) to send verifications of Accounts to any Account Debtor,
(v) to commence and prosecute any and all suits, actions or proceedings at law or in equity in any court of competent jurisdiction to collect or otherwise realize on all or any of the Collateral or to enforce any rights in respect of any
Collateral, (vi) to settle, compromise, compound, adjust or defend any actions, suits or proceedings relating to all or any of the Collateral, (vii) to notify, or to require any Grantor to notify, Account Debtors to make payment directly
to the Collateral Agent, (viii) to use, sell, assign, transfer, pledge, make any agreement with respect to or otherwise deal with all or any of the Collateral (provided that any sale, assignment or transfer of Collateral consisting of
Trademarks includes a sale, assignment or transfer of the goodwill associated with such Trademarks), (ix) to apply the proceeds of any Obligations as provided in Article IV, (x) to exercise all of such Grantor’s rights and remedies with
respect to the collection of the Receivables and any other Collateral, (xi) to prepare, file and sign such Grantor’s name on a proof of claim in bankruptcy or similar document against any Account Debtor of such Grantor, (xii) to
prepare, file and sign such Grantor’s name on any notice of Lien, assignment or satisfaction of Lien or similar document in connection with the Receivables, (xiii) to change the address for delivery of mail addressed to such Grantor to
such address as the Collateral Agent may designate and to receive, open and dispose of all mail addressed to such Grantor and (xiv) to do all other acts and things necessary to carry out the purposes of this Agreement in accordance with its
terms, as fully and completely as though the Collateral Agent were the absolute owner of the Collateral for all purposes; provided, however, that nothing herein contained shall be construed as requiring or obligating the Collateral
Agent to make any commitment or to make any inquiry as to the nature or sufficiency of any payment received by the Collateral Agent, or to present or file any claim or notice, or to take any action with respect to the Collateral or any part thereof
or the moneys due or to become due in respect thereof or any property covered thereby. The Collateral Agent and the Secured Parties shall be accountable only for amounts actually received as a result of the exercise of the powers granted to them
herein, and neither they nor their officers, directors, employees or agents shall be responsible to any Grantor for any act or failure to act hereunder, except for their own gross negligence, willful misconduct, fraud or bad faith. The foregoing
powers of attorney being coupled with an interest, are irrevocable until the Security Interest shall have terminated in accordance with the terms hereof. 

(b) All acts of said attorney or designee are hereby ratified and approved. The powers conferred on the Collateral Agent, for the benefit of
the Collateral Agent and the other Secured Parties, under this Section 7.06 are solely to protect the Collateral Agent’s interests in the Collateral and shall not impose any duty upon the Collateral Agent or any other
Secured Party to exercise any such powers. 
 (c) Following the occurrence and continuance of an Event of Default, the Collateral Agent may,
in the Collateral Agent’s own name or in the name of a nominee of the Collateral Agent, communicate (by mail, telephone, facsimile or otherwise) with the Account Debtors of such Grantors, parties to contracts with the Grantors and obligors in
respect of Instruments of the Grantors to verify with such Persons, to the Collateral Agent’s reasonable satisfaction, the existence, amount, terms of, and any other matter relating to, Accounts, Instruments, Chattel Paper, payment intangibles
and/or other Receivables. 
 SECTION 7.07. Applicable Law. THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND
GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. 
 SECTION 7.08. Waivers; Amendment. 

(a) No failure or delay by the Collateral Agent or any other Secured Party in exercising any right or power hereunder or under any other
Secured Debt Document shall operate as a waiver hereof or thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further
exercise thereof or the exercise of any other right or power. The rights and remedies of the Collateral Agent and the other Secured Parties hereunder and under the other Secured Debt Documents are cumulative and are not exclusive of any rights or
remedies that they would otherwise have. No waiver of this Agreement or any other Secured Debt Document or consent to any departure by any Secured Party therefrom shall in any event be effective unless the same shall be permitted by paragraph
(b) of this Section 7.08, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. Without limiting the generality of the foregoing, the extension of the Term Loan
Maturity Date shall not be 

  
 21 

 
construed as a waiver of any Default, regardless of whether the Collateral Agent or any other Secured Party may have had notice or knowledge of such Default at the time. Except as otherwise
provided herein, no notice or demand on any Grantor in any case shall entitle any Grantor to any other or further notice or demand in similar or other circumstances. 

(b) Neither this Agreement nor any provision hereof may be waived, amended or modified except pursuant to an agreement or agreements in writing
entered into by the Collateral Agent and the Grantors that are party thereto and are affected by such waiver, amendment or modification, subject to Section 9.08 of the Credit Agreement and any comparable provision of any Other Pari Passu Lien
Obligations Agreement. Notwithstanding the foregoing, (i) any Other Pari Passu Lien Obligations Agent, on behalf of itself and holders of Other Pari Passu Lien Obligations represented by it, may become party to this Agreement in accordance with
Section 7.18 and (ii) technical modifications may be made to this Agreement (which shall be implemented in the form of an amendment hereto or an amendment and restatement hereof in form and substance reasonably
satisfactory to, and executed by, the Collateral Agent and Grantors) to facilitate the inclusion of Other Pari Passu Lien Obligations without any further action by any other party hereto to the extent such Other Pari Passu Lien Obligations are
permitted to be incurred under the Secured Debt Documents and become Other Pari Passu Lien Obligations in compliance with Section 7.18. 

SECTION 7.09. WAIVER OF JURY TRIAL. EACH PARTY HERETO (AND EACH OTHER SECURED PARTY BY ITS ACCEPTANCE OF THE BENEFITS
HEREOF) HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR ANY OF THE OTHER
SECURED DEBT DOCUMENTS. EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, TO IT THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE
FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER SECURED DEBT DOCUMENTS, AS APPLICABLE, BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS
SECTION 7.09. 
 SECTION 7.10. Severability. In the event any one or more of the provisions contained in this
Agreement or in any other Secured Debt Document should be held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein and therein shall not in any way be affected or
impaired thereby (it being understood that the invalidity of a particular provision in a particular jurisdiction shall not in and of itself affect the validity of such provision in any other jurisdiction). The parties shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable
provisions. 
 SECTION 7.11. Counterparts. This Agreement may be executed in counterparts (and by different parties
hereto on different counterparts), each of which shall constitute an original but all of which when taken together shall constitute a single contract, and shall become effective as provided in Section 7.03. Delivery of an
executed signature page to this Agreement by facsimile, PDF or other electronic transmission shall be as effective as delivery of a manually signed counterpart of this Agreement. 

SECTION 7.12. Headings. Article and Section headings and the Table of Contents used herein are for convenience of
reference only, are not part of this Agreement and are not to affect the construction of, or to be taken into consideration in interpreting, this Agreement. 

SECTION 7.13. Jurisdiction; Consent to Service of Process. 

(a) Each of the parties hereto and the Secured Parties, by their acceptance of the benefits of this Agreement, hereby irrevocably and
unconditionally submits, for itself and its property, to the nonexclusive jurisdiction of any New York State court or Federal court of the United States of America, sitting in the Borough of Manhattan in New York City, and any appellate court from
any thereof, in any action or proceeding arising out of or relating to this Agreement or the other Secured Debt Documents, or for recognition or enforcement of any judgment, and each of the parties hereto and the Secured Parties, by their acceptance
of the benefits of this Agreement hereby 

  
 22 

 
irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such New York State or, to the extent permitted by law, in such
Federal court. Each of the parties hereto and the Secured Parties, by their acceptance of the benefits of this Agreement agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by
suit on the judgment or in any other manner provided by law. Nothing in this Agreement shall affect any right that any Secured Party may otherwise have to bring any action or proceeding relating to this Agreement or the other Secured Debt Documents
against any Grantor or its properties in the courts of any jurisdiction. 
 (b) Each of the parties hereto and the Secured Parties, by their
acceptance of the benefits of this Agreement hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any suit, action or
proceeding arising out of or relating to this Agreement or the other Secured Debt Documents in any New York State or Federal court. Each of the parties hereto and the Secured Parties, by their acceptance of the benefits of this Agreement hereby
irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 

(c) Each party hereto and the Secured Parties, by their acceptance of the benefits of this Agreement irrevocably consents to service of process
in the manner provided for notices in Section 7.01. Nothing in this Agreement will affect the right of any party to this Agreement to serve process in any other manner permitted by law. 

SECTION 7.14. Termination or Release. 

(a) This Agreement, the Guarantees made herein, the Security Interest, the pledge of the Pledged Collateral and all other security interests
granted hereby (including, without limitation, the licenses granted by the Grantors and the Collateral Agent pursuant to Section 4.04) shall automatically terminate on the Termination Date and any Liens arising therefrom shall be
automatically released. 
 (b) Any Guarantor shall automatically be released from its obligations hereunder and the Security Interests
created hereunder in the Collateral of such Guarantor shall be automatically released upon the consummation of any transaction permitted by the Credit Agreement and each other Secured Debt Document as a result of which such Guarantor ceases to
guarantee any Obligations. 
 (c) Upon any sale or other transfer by any Grantor of any Collateral that is permitted under the Credit
Agreement and each other Secured Debt Document to any person that is not a Grantor, or, upon the effectiveness of any written consent to the release of the Security Interest granted hereby in any Collateral pursuant to the applicable Pari Passu
Intercreditor Agreement or, (i) if there are no Other Pari Passu Lien Obligations then outstanding or all Other Pari Passu Lien Obligations have been paid in full (other than contingent obligations) and the Loan Obligations remain outstanding,
in accordance with the Section 9.08 of the Credit Agreement and (ii) if the Loan Obligations have been paid in full (other than contingent obligations) and only one class of Other Pari Passu Lien Obligations remains outstanding, in
accordance with the applicable Other Pari Passu Lien Obligations Agreement, the Security Interest in such Collateral shall be automatically released, and the licenses granted by the Grantors and the Collateral Agent pursuant to
Section 4.04 shall be automatically terminated. 
 (d) In connection with any termination or release pursuant to paragraph
(a), (b) or (c) above, the Collateral Agent shall promptly execute and deliver to any Grantor, at such Grantor’s expense, all documents that such Grantor shall reasonably request to evidence such termination or release.
Any execution and delivery of documents pursuant to this Section 7.14 shall be without recourse to or representation or warranty by the Collateral Agent (other than any representation and warranty that the Collateral Agent
has the authority to execute and deliver such documents) or any Secured Party. Without limiting the provisions of Section 7.05, the Borrower shall reimburse the Collateral Agent upon written demand for all reasonable out-of-pocket costs and expenses, including the fees, charges and expenses of counsel, incurred by it in connection with any action contemplated by this
Section 7.14 as provided in Section 9.05 of the Credit Agreement and any comparable provision of any Other Pari Passu Lien Obligations Agreement. 

  
 23 

 (e) At any time that the respective Grantor desires that the Collateral Agent take any action
described in preceding paragraph (d) above, it shall, upon the reasonable request of the Collateral Agent, deliver to the Collateral Agent an Officer’s Certificate certifying that the release of the respective Collateral is
permitted pursuant to paragraph (a), (b) or (c). The Collateral Agent shall have no liability whatsoever to any Secured Party as the result of any release of Collateral by it as permitted (or which the Collateral Agent in good
faith believes to be permitted) by this Section 7.14. 
 SECTION 7.15. Additional
Subsidiaries. Pursuant to Section 5.09 of the Credit Agreement and any comparable provision of any Other Pari Passu Lien Obligations Agreement, as applicable, certain additional wholly owned Restricted Subsidiaries may be
required to enter into this Agreement as a Subsidiary Guarantor and a Grantor. Upon execution and delivery by the Collateral Agent and such Restricted Subsidiary of a supplement in the form of Exhibit A hereto, such Restricted Subsidiary
shall become a Subsidiary Guarantor and a Grantor hereunder with the same force and effect as if originally named as a Subsidiary Guarantor and a Grantor herein. The execution and delivery of any such instrument shall not require the consent of any
other Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor as a party to this Agreement. 

SECTION 7.16. Security Interest and Obligations Absolute. Subject to Section 7.14 hereof, all
rights of the Collateral Agent hereunder, the Security Interest, the grant of a security interest in the Pledged Collateral and all obligations of each Grantor hereunder shall be absolute and unconditional irrespective of (a) any lack of
validity or enforceability of the Credit Agreement, any other Secured Debt Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner
or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Secured Debt Document, or any other agreement or instrument (so
long as the same are made in accordance with the terms of Section 9.08 of the Credit Agreement and any comparable provision of any Other Pari Passu Lien Obligations Agreement), (c) any exchange, release or
non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent under or departure from any guarantee, securing or guaranteeing all or any of the Obligations or (d) any
other circumstance that might otherwise constitute a defense available to, or a discharge of, any Grantor in respect of the Obligations or this Agreement other than payment of the Obligations (other than contingent obligations), in full. 

SECTION 7.17. Intercreditor Agreements. The provisions of this Agreement shall be subject to the provisions of the Intercreditor
Agreement and any applicable Pari Passu Intercreditor Agreement. In the event of any conflict between this Agreement and the Intercreditor Agreement or any applicable Pari Passu Intercreditor Agreement, the provisions of the Intercreditor Agreement
or such Pari Passu Intercreditor Agreement, as applicable, shall control and govern. 
 SECTION 7.18. Additional Obligations.
On or after the date hereof and so long as such obligations are permitted to be incurred (and secured on a pari passu basis with the Obligations) under the Credit Agreement and each Other Pari Passu Lien Obligations Agreement then in effect,
the Borrower may from time to time designate obligations in respect of Indebtedness to be secured on a pari passu basis with the then-outstanding Obligations as Other Pari Passu Lien Obligations hereunder by delivering to the Collateral
Agent, the Administrative Agent and each Other Pari Passu Lien Obligations Agent (a) an Officer’s Certificate (i) identifying the obligations so designated and the initial aggregate principal amount or face amount thereof,
(ii) stating that such obligations are designated as Other Pari Passu Lien Obligations for purposes hereof, (iii) representing that such designation of such obligations as Other Pari Passu Lien Obligations is permitted by the Credit
Agreement and each other Other Pari Passu Lien Obligations Agreement then in effect, and (iv) specifying the name and address of the applicable Other Pari Passu Lien Obligations Agent for such obligations, (b) an Other Pari Passu Lien
Obligations Agent Consent (in the form attached as Exhibit B) executed by the Other Pari Passu Lien Obligations Agent for such obligations and the Borrower and (c) if not already then in effect, a fully executed Pari Passu Intercreditor
Agreement (or, to the extent such Pari Passu Intercreditor Agreement is then in effect, a joinder thereto to the extent required thereby). Upon the satisfaction of all conditions set forth in the preceding sentence, (x) the Collateral Agent
shall act as collateral agent under and subject to the terms of the Security Documents for the benefit of all Secured Parties, including without limitation, any Secured Parties that hold any such Other Pari Passu Lien Obligations, and shall execute
and deliver the acknowledgement at the end of the Other Pari Passu Lien Obligations Agent Consent (for the avoidance of doubt, the Collateral Agent’s signed acknowledgement of any Other Pari Passu Lien Obligations 

  
 24 

 
Agent Consent shall not be a condition precedent to the effectiveness of such Other Pari Passu Lien Obligations Agent Consent), (y) the Administrative Agent and each Other Pari Passu Lien
Obligations Agent agree to the appointment, and acceptance of the appointment, of the Collateral Agent as collateral agent for the holders of such Other Pari Passu Lien Obligations as set forth in each Other Pari Passu Lien Obligations Agent Consent
and agrees, on behalf of itself and each Secured Party it represents, to be bound by this Agreement, the Intercreditor Agreement and any applicable Pari Passu Intercreditor Agreement and (z) such Other Pari Passu Lien Obligations shall
automatically be deemed to be “Other Pari Passu Lien Obligations” (or analogous term) in any then existing Pari Passu Intercreditor Agreement. The rights and obligations of each party to this Agreement shall remain in full force and effect
notwithstanding the addition of any new Obligations to this Agreement. 
 SECTION 7.19. Person Serving as Collateral Agent.
The initial Collateral Agent may resign as Collateral Agent, and a successor Collateral Agent may be appointed as Collateral Agent, on the terms set forth in the Credit Agreement. Immediately upon the occurrence of the Termination Date (as defined
in the Credit Agreement), if any Other Pari Passu Lien Obligations are then outstanding, the Other Pari Passu Lien Obligations Agent for such Other Pari Passu Lien Obligations (or, if more than one series of Other Pari Passu Lien Obligations is
outstanding, the Applicable First Lien Representative) shall be deemed the Collateral Agent for all purposes under this Agreement. The Collateral Agent immediately prior to any change in Collateral Agent pursuant to this Section 7.19 (the
“Prior Collateral Agent”) shall be deemed to have assigned all of its rights, powers and duties hereunder to the successor Collateral Agent determined in accordance with this Section 7.19 (the “Successor Collateral
Agent”) and the Successor Collateral Agent shall be deemed to have accepted, assumed and succeeded to such rights, powers and duties. The Prior Collateral Agent shall cooperate with the Grantors and such Successor Collateral Agent to ensure
that all actions are taken that are necessary or reasonably requested by the Successor Collateral Agent to vest in such Successor Collateral Agent the rights granted to the Prior Collateral Agent hereunder with respect to the Collateral, including
(a) the filing of amended financing statements in the appropriate filing offices, (b) to the extent that the Prior Collateral Agent holds, or a third party holds on its behalf, physical possession of or “control” (as defined in
the New York UCC or the Uniform Commercial Code of any other applicable jurisdiction) (or any similar concept under foreign law) over Collateral pursuant to this Agreement or any other Security Document, the delivery to the Successor Collateral
Agent of the Collateral in its possession or control together with any necessary endorsements to the extent required by this Agreement, and (c) the execution and delivery of any further documents, financing statements or agreements and the
taking of all such further action that may be required under any applicable law, or that the Successor Collateral Agent may reasonably request, all without recourse to, or representation or warranty by, the Prior Collateral Agent, and at the sole
cost and expense of the Grantors. In addition, the Collateral Agent hereunder shall at all times be the same person that is the “Collateral Agent” under any Pari Passu Intercreditor Agreement. Written notice of resignation by the
“Collateral Agent” pursuant to any Pari Passu Intercreditor Agreement shall also constitute notice of resignation as the Collateral Agent under this Agreement. Upon the acceptance of any appointment as the “Collateral Agent”
under any Pari Passu Intercreditor Agreement by a successor “Collateral Agent”, the successor “Collateral Agent” shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring
Collateral Agent pursuant to this Agreement. 
 [Remainder of page intentionally left blank.] 

  
 25 

 IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the day and year
first above written. 
  

			
	CONVERGEONE HOLDINGS CORP.
		
	By:	 	/s/ Jeffrey Nachbor
		 	Name: Jeffrey Nachbor
		 	Title: Treasurer and Chief Financial Officer
	
	C1 INTERMEDIATE CORP.
		
	By:	 	/s/ Jeffrey Nachbor
		 	Name: Jeffrey Nachbor
		 	Title: Treasurer and Chief Financial Officer
	
	CONVERGEONE, INC.
		
	By:	 	/s/ Jeffrey Nachbor
		 	Name: Jeffrey Nachbor
		 	Title: Treasurer and Chief Financial Officer

 [Signature Page to Term Loan Guarantee and Collateral Agreement] 

 
			
	JPMORGAN CHASE BANK, N.A., as Collateral Agent
		
	By:	 	/s/ Nicolas Gitron-Beer
		 	Name: Nicolas Gitron-Beer
		 	Title: vice President

 [Signature Page to Term Loan Guarantee and Collateral Agreement] 

 Schedule I to the 

Guarantee and Collateral Agreement 

SUBSIDIARY GUARANTORS 
  

	
	 Name of Subsidiary

	ConvergeOne, Inc.

  
 I-1 

 Schedule II to the 

Guarantee and Collateral Agreement 

EQUITY INTERESTS 
  

																					
	 Grantor
	  	Issuer	  	Type of
Organization	  	# of Shares
Owned	  	Total Shares
Outstanding	  	% Interest
Pledged	 	 	Certificate No.
(if uncertificated,
please
indicate so)	 	  	Par Value	 
	 C1 Intermediate Corp.
	  	ConvergeOne
Holdings
Corp.	  	Corporation	  	1,000 shares
of common
stock	  	1,000 shares
of common
stock	  	 	100	% 	 	 	C-3	 	  	$	0.001	 
	 ConvergeOne Holdings Corp.
	  	ConvergeOne,
Inc.	  	Corporation	  	100 shares
of common
stock	  	106 shares
of common
stock	  	 	100	% 	 	 	C-4	 	  	$	0.01	 
	 ConvergeOne Holdings Corp.
	  	ConvergeOne,
Inc.	  	Corporation	  	6 shares of
common
stock	  	106 shares
of common
stock	  	 	100	% 	 	 	C-5	 	  	$	0.01	 

 PLEDGED DEBT SECURITIES AND PROMISSORY NOTES 

Amended and Restated Global Intercompany Note exists with C1 Intermediate Corp., C1 Acquisition Corp., and ConvergeOne Holdings Corp., as well as the
subsidiaries of ConvergeOne Holdings Corp., as parties to the Note.1 
  

	1 	Note balance may fluctuate from time to time and outstanding principal owed to any Grantor party thereto may be less than $1,000,000. 

  
 II-1 

 Schedule III to the 

Guarantee and Collateral Agreement2 

U.S. COPYRIGHTS OWNED BY GRANTOR 

U.S. Copyright Registrations and Pending U.S. Copyright Applications for Registration 

 

									
	 Grantor
	  	Title	  	Filing Date/
Issued Date	  	Registration No.	  	Registration Date
	 ConvergeOne, Inc. (Registered under Spanlink Communications, Inc. as predecessor-in-interest by merger)
	  	FastCall for
Windows	  	01/05/1994	  	TXu 000612991	  	01/05/1994

 Pending U.S. Copyright Applications for Registration 

None. 
  

	2 	Inclusion of intellectual property on this Schedule III does not represent or warrant that such intellectual property is material to any Grantor 

  
 III-1 

 PATENTS OWNED BY GRANTORS 

None. 

  
 III-2 

 TRADEMARK/TRADE NAMES OWNED BY GRANTORS 

U.S. Trademark Registrations and Trademark Applications 
  

									
	 Grantor
	  	 Title
	  	Filing Date/
Issued Date	  	 Status
	  	Application/
Registration No.
	ConvergeOne, Inc.	  	CONVERGEONE (Block Letters)	  	03/01/2011	  	Registered	  	3925749
					
	ConvergeOne, Inc. (as successor-in-name of North American Communications Resource, Inc.)	  	 PERFORMANCE READINESS CENTER
 (Block
Letters)
	  	01/22/2008	  	Registered	  	3373445
					
	ConvergeOne, Inc. (as successor-in-name of North American Communications Resource, Inc.)	  	THE PEOPLE WHO KNOW COMMUNICATIONS (Word Only)	  	04/19/2005	  	Registered	  	2942665
					
	ConvergeOne, Inc. (as successor-in-name of North American Communications Resource, Inc.)	  	 NACR OVATION
 (Block Letters)
	  	08/20/2013	  	Registered	  	4389685
					
	ConvergeOne, Inc.	  	C1 CONVERGEONE	  	04/11/2017	  	Registered	  	5182412
					
	ConvergeOne, Inc.	  	C1 Logo	  	04/04/2017	  	Registered	  	5177258
					
	ConvergeOne, Inc. (as successor-in-name of Spanlink Communications, Inc. by merger)	  	SPANLINK SOLUTIONAUDIT	  	07/05/2011	  	Registered	  	3990618
					
	ConvergeOne, Inc. (as successor-in-name of Spanlink Communications, Inc. by merger)	  	EXTRAAGENT	  	07/29/1997	  	Registered	  	2084788
					
	ConvergeOne, Inc. (as successor-in-name of Spanlink Communications, Inc. by merger)	  	SOCIALWATCH	  	11/01/2011	  	Registered	  	4050723
					
	ConvergeOne, Inc. (as successor-in-name of Spanlink Communications, Inc. by merger)	  	SPANLINK and Curved Lines Design	  	05/20/2008	  	Registered	  	3432797

 U.S. Trademark Applications 

None. 

  
 III-3 

 Schedule IV to the 

Guarantee and Collateral Agreement 

UCC FILING OFFICES 
  

			
	 Grantor
	  	 Filing Office

	C1 Intermediate Corp.	  	Delaware Secretary of State
	ConvergeOne Holdings Corp.	  	Delaware Secretary of State
	ConvergeOne, Inc.	  	Minnesota Secretary of State

  
 IV-1 

 Schedule V to the 

Guarantee and Collateral Agreement 

UCC INFORMATION 
  

											
	 Grantor / Legal Name
	  	Type of
Entity	  	Mailing Address	  	State
Organizational
Number	  	Federal
Taxpayer
Identification
Number	  	Jurisdiction
of
Organization
	 C1 Intermediate Corp.
	  	Corporation	  	233 Wilshire Blvd., Suite 800
 Santa Monica, CA 90401
	  	5530736	  	46-5680101	  	DE
	 ConvergeOne Holdings Corp.
	  	Corporation	  	3344 Highway 149
 Eagan, MN 55121
	  	4096344	  	20-4202326	  	DE
	 ConvergeOne, Inc.
	  	Corporation	  	3344 Highway 149
 Eagan, MN 55121
	  	7Z-481	  	41-1763228	  	MN

 Changes to the Above Information 

None. 

  
 V-1 

 Schedule VI to the 

Guarantee and Collateral Agreement3 

LOCATIONS OF COLLATERAL 
 B(i) Owned
Locations of Collateral: 
 None. 
 B(ii) Leased
Locations of Collateral: 
  

							
	 Grantor
	  	 Address
	  	 County
	  	 State

	C1 Intermediate Corp.	  	N/A	  	N/A	  	N/A
				
	ConvergeOne Holdings Corp.	  	 175 Rennell Drive
 Southport, CT 06890
	  	Fairfield County	  	CT
				
	ConvergeOne, Inc.	  	 3344 Highway 149
 Eagan, MN 55121
	  	Dakota County	  	MN
				
		  	 1856 Corporate Drive, #170
 Norcross, GA
30093
	  	Gwinnett County	  	GA
				
		  	N19 W24400 Riverwood Dr., #375 Pewaukee, WI 53188	  	Waukesha County	  	WI
				
		  	 8800 Lyra Dr., Suite 250
 Columbus, OH
43420
	  	Franklin County	  	OH
				
		  	 11065 Aurora Ave.
 Urbandale, IA 50322
	  	Polk County	  	IA
				
		  	 3350 SW 148th Ave., Suite 140
 Miramar, FL
33027
	  	Broward County	  	FL
				
		  	 7000 W. 45th, #1D
 Amarillo, TX 71909
	  	Randall County/Potter County	  	TX
				
		  	6021 University Blvd., Suite 260 Ellicott City, MD 21042	  	Howard County	  	MD
				
		  	 2400 E. Katella Ave., Suite 670
 Anaheim, CA
92806
	  	Orange County	  	CA
				
		  	9016B Washington NE Albuquerque, NM 87113	  	Bernalillo County	  	NM
				
		  	 1111 North Loop West Suite #515
 Houston, TX
77008
	  	Harris County	  	TX
				
		  	 246 Industrial Way
 Eatontown, NJ 07724
	  	Monmouth County	  	NJ
				
		  	 420 W. Main Street, Suite 300
 Boise, ID
83702
	  	Ada County	  	ID
				
		  	10475 Crosspoint Blvd, Indianapolis, IN 46256	  	Marion County	  	IN

  

	3 	Inclusion of a location on this Schedule VI does not represent or warrant that Collateral constituting Inventory with a value exceeding $2,000,000 is located at such location. 

  
 VI-1 

							
				
		  	 1255 Crescent Green, Suite 145
 Cary, NC
27518
	  	Wake County	  	NC
				
		  	 2800 North Central Avenue, Suites 1535 and 1550

Phoenix, AZ 85004
	  	Maricopa County	  	AZ
				
		  	 7807 East Peakview Avenue, #120
 Centennial, CO
80111
	  	Arapahoe County	  	CO
				
		  	 1404 N. Main Street, Suite 101
 Meridian, ID
83642
	  	Ada County	  	ID
				
		  	825 Chicago Avenue, Suite C1 Evanston, IL 60202	  	Cook County	  	IL
				
		  	5940 Golden Hills Drive Golden Valley, MN 55416	  	Hennepin County	  	MN
				
		  	723 S. 3rd Street, Suite 105 Las Vegas, NV 89101	  	Clark County	  	NV
				
		  	230 Park Avenue, Suites 125, 5, & 7 New York, NY 10169	  	New York County	  	NY
				
		  	5335 Meadows Road, Suite 155 Lake Oswego, OR 97035	  	Clackamas County	  	OR
				
		  	 110 Wild Basin Road, Suite 230
 Austin, TX
78746
	  	Travis County	  	TX
				
		  	 101 E. Park Blvd, Suite 951
 Plano, TX
75074
	  	Collin County	  	TX
				
		  	849 West LeVoy Drive, Suites 100 and 104 Salt Lake City, UT 84123	  	Salt Lake County	  	UT
				
		  	4290 E. Brickell St. Ontario, CA 91761	  	San Bernardino County	  	CA
				
		  	 9 Corporate Park, Suite 150
 Irvine, CA
92606
	  	Orange County	  	CA
				
		  	6190 CornerStone Court, Suite 105 San Diego, CA 92121	  	San Diego County	  	CA
				
		  	 400 N. Brand Blvd., Suite 930
 Glendale, CA
91203
	  	Los Angeles County	  	CA
				
		  	 6956 Indiana Ave., Suite 5
 Riverside, CA
92506
	  	Riverside County	  	CA
				
		  	940 Riverside Parkway, Suite 70 West Sacramento, CA 95605	  	Yolo County	  	CA

 B(iii) Locations of Collateral in Possession of Persons Other Than Grantors or any Subsidiary: 

None. 

  
 III-2 

 Schedule VII to the 

Guarantee and Collateral Agreement 

DEPOSIT ACCOUNTS 
  

													
	 Grantor
	  	Depository Institution	 	  	Account
Number	 	  	Type/Description of
Account	 
	 C1 Intermediate Corp.
	  				  				  			
	 ConvergeOne Holdings Corp.
	  				  				  			
	 ConvergeOne, Inc.
	  				  				  			

  
 VII-1 

 Schedule VIII to the 

Guarantee and Collateral Agreement 

CHATTEL PAPER 
 None. 

  
 VIII-1 

 Exhibit A 

to Guarantee and Collateral Agreement 

SUPPLEMENT NO. [ 🌑 ] (this “Supplement”) dated as of [
🌑 ], to the Guarantee and Collateral Agreement dated as of June 20, 2017 (as amended, supplemented, amended and restated or otherwise modified from time to time, the “Guarantee and Collateral
Agreement”) among C1 Intermediate Corp., a Delaware corporation (“Holdings”), ConvergeOne Holdings Corp., a Delaware corporation (the “Borrower”), each subsidiary of the Borrower from time to time party
thereto (each such subsidiary individually a “Subsidiary Guarantor” and collectively, the “Subsidiary Guarantors”; the Subsidiary Guarantors, the Borrower and Holdings are referred to collectively herein as the
“Grantors”) and JPMorgan Chase Bank, N.A., as collateral agent (in such capacity, together with its successors and permitted assigns, the “Collateral Agent”) for the Secured Parties (as defined therein). 

A. Reference is made to the Term Loan Agreement dated as of June 20, 2017 (as amended, restated, amended and restated, supplemented or
otherwise modified from time to time, the “Credit Agreement”), among the Borrower, Holdings, the lenders from time to time party thereto (the “Lenders”), and JPMorgan Chase Bank, N.A., as administrative agent for
the Lenders and Collateral Agent; 
 B. Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to
such terms in the Credit Agreement or the Guarantee and Collateral Agreement, as applicable. 
 C. The Grantors have entered into the
Guarantee and Collateral Agreement in order to induce the Lenders to make Term Loans and the other Secured Parties to extend credit. Section 7.15 of the Guarantee and Collateral Agreement provides that certain additional Restricted Subsidiaries
of the Borrower may become Subsidiary Guarantors and Grantors under the Guarantee and Collateral Agreement by execution and delivery of an instrument in the form of this Supplement. The undersigned subsidiary (the “New Subsidiary”)
is executing this Supplement in accordance with the requirements of the Credit Agreement and any applicable Other Pari Passu Lien Obligations Agreement to become a Subsidiary Guarantor and a Grantor under the Guarantee and Collateral Agreement as
consideration for, among other things, Term Loans previously made and other credit previously extended. 
 Accordingly, the Collateral Agent
and the New Subsidiary agree as follows: 
 SECTION 1. In accordance with Section 7.15 of the Guarantee and Collateral Agreement, the
New Subsidiary by its signature below becomes a Grantor and Subsidiary Guarantor under the Guarantee and Collateral Agreement with the same force and effect as if originally named therein as a Grantor and Subsidiary Guarantor and the New Subsidiary
hereby (a) agrees to all the terms and provisions of the Guarantee and Collateral Agreement applicable to it as a Grantor and Subsidiary Guarantor thereunder and (b) represents and warrants that the representations and warranties made by
it as a Grantor and Subsidiary Guarantor thereunder are true and correct in all material respects on and as of the date hereof (for this purpose, as though references therein to the “date hereof” were to the date of this Supplement). In
furtherance of the foregoing, the New Subsidiary, as security for the payment and performance in full when due (whether at stated maturity, by acceleration or otherwise) of the Obligations (as defined in the Guarantee and Collateral Agreement), does
hereby create and grant to the Collateral Agent, for the benefit of the Secured Parties, their successors and permitted assigns, a security interest in and lien on all of the New Subsidiary’s right, title and interest in and to the Collateral
(as defined in the Guarantee and Collateral Agreement). Each reference to a “Grantor” or a “Subsidiary Guarantor” in the Guarantee and Collateral Agreement shall be deemed to include the New Subsidiary. The Guarantee and
Collateral Agreement is hereby incorporated herein by reference. 
 SECTION 2. The New Subsidiary represents and warrants to the Collateral
Agent and the other Secured Parties that this Supplement has been duly authorized, executed and delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms except as the enforceability
thereof may be limited by bankruptcy, insolvency or other similar laws relating to the enforcement of creditors’ rights generally and by general equitable principles. 

  
 A-1 

 SECTION 3. This Supplement may be executed in counterparts (and by different parties hereto on
different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Supplement shall become effective when the Collateral Agent shall have received counterparts of this
Supplement that, when taken together, bear the signatures of the New Subsidiary and the Collateral Agent. Delivery of an executed signature page to this Supplement by facsimile, PDF or other electronic transmission shall be as effective as delivery
of a manually signed counterpart of this Supplement. 
 SECTION 4. The New Subsidiary hereby represents and warrants to the Collateral Agent
and the Secured Parties that as of the date hereof (a) Schedule I attached hereto correctly sets forth (i) any and all Equity Interests and Pledged Debt Securities now owned by the New Subsidiary, (ii) any and all Intellectual
Property now owned by the New Subsidiary, (iii) the locations of Collateral owned by the New Subsidiary, (iv) the Deposit Accounts maintained by the New Subsidiary and (v) Chattel Paper of the New Subsidiary and (b) set forth
under its signature hereto, is the exact legal name (as such name appears on its certificate or articles of incorporation or formation) of the New Subsidiary and its jurisdiction of organization. 

SECTION 5. Except as expressly supplemented hereby, the Guarantee and Collateral Agreement shall remain in full force and effect. 

SECTION 6. THIS SUPPLEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. 

SECTION 7. In case any one or more of the provisions contained in this Supplement should be held invalid, illegal or unenforceable in any
respect, the validity, legality and enforceability of the remaining provisions contained herein and in the Guarantee and Collateral Agreement shall not in any way be affected or impaired thereby (it being understood that the invalidity of a
particular provision in a particular jurisdiction shall not in and of itself affect the validity of such provision in any other jurisdiction). The parties hereto shall endeavor in good-faith negotiations to
replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 

SECTION 8. All communications and notices hereunder shall be given as provided in Section 7.01 of the Guarantee and Collateral Agreement.

 SECTION 9. The New Subsidiary agrees to reimburse the Collateral Agent for its reasonable out-of-pocket expenses in connection with this Supplement as provided in Section 9.05 of the Credit Agreement and any comparable provision of any Other Pari Passu Lien Obligations Agreement. 

[Remainder of page intentionally left blank.] 

  
 A-2 

 IN WITNESS WHEREOF, the New Subsidiary and the Collateral Agent have duly executed this
Supplement to the Guarantee and Collateral Agreement as of the day and year first above written. 
  

			
	[NAME OF NEW SUBSIDIARY]
		
	By:	 	 
		 	Name:
		 	Title:
		 	Address:
		 	Legal Name:
		 	Jurisdiction of Formation:
	
	JPMORGAN CHASE BANK, N.A., as Collateral Agent
		
	By:	 	 
		 	Name:
		 	Title:

  
 A-3 

 Schedule I 

to Supplement 
 to Guarantee and
Collateral Agreement 
 Collateral of the New Subsidiary 

EQUITY INTERESTS 
  

									
	Issuer	 	Number of
Certificate	 	Registered
Owner	 	Number and
Class of
Equity Interest	 	Percentage
of Equity
Interests

 PLEDGED
DEBT SECURITIES 
  

							
	Issuer	 	Principal Amount	 	Date of Note	 	Maturity Date

 PLEDGED DEBT SECURITIES 

[Follow format of Schedules III through VIII to the 

Guarantee and Collateral Agreement.] 

  
 A-4 

 Exhibit B 

to Guarantee and Collateral Agreement 

OTHER PARI PASSU LIEN OBLIGATIONS AGENT CONSENT 

[Name of Other Pari Passu Lien Obligations Agent] 

[Address] 
 [Date] 

JPMorgan Chase Bank, N.A., 
 as Collateral Agent

 [Address] 
 The undersigned is the Other
Pari Passu Lien Obligations Agent for persons wishing to become Secured Parties (the “New Secured Parties”) under the Guarantee and Collateral Agreement, dated as of June 20, 2017 (as amended, restated, amended and restated,
supplemented or otherwise modified from time to time, the “Guarantee and Collateral Agreement”), among C1 Intermediate Corp., a Delaware corporation (“Holdings”), ConvergeOne Holdings Corp., a Delaware corporation
(the “Borrower”), each subsidiary of the Borrower from time to time party thereto (each such subsidiary individually a “Subsidiary Guarantor” and collectively, the “Subsidiary Guarantors”; the
Subsidiary Guarantors, the Borrower and Holdings are referred to collectively herein as the “Grantors”) and JPMorgan Chase Bank, N.A., as collateral agent for the Secured Parties (as defined therein) (in such capacity, together with
its successors and permitted assigns, the “Collateral Agent”). Capitalized terms used but not otherwise defined in this Other Pari Passu Lien Obligations Agent Consent have the meanings set forth in the Guarantee and Collateral
Agreement (or, if not set forth therein, as set forth in the Credit Agreement referred to therein). 
 In consideration of the foregoing,
the undersigned hereby: 
 (i) represents that it has been duly authorized by the New Secured Parties to become a party to the Guarantee and
Collateral Agreement on behalf of the New Secured Parties under that certain [DESCRIBE OPERATIVE AGREEMENT] (the “New Agreement” and the obligations under the New Agreement, the “New Secured Obligations”) and to act
as the Other Pari Passu Lien Obligations Agent for the New Secured Parties; 
 (ii) acknowledges that it has received a copy of the Guarantee
and Collateral Agreement, the Intercreditor Agreement and the Pari Passu Intercreditor Agreement; 
 (iii) appoints and authorizes the
Collateral Agent to take such action as agent on its behalf and on behalf of all other Secured Parties and to exercise such powers under the Guarantee and Collateral Agreement, each other Security Document applicable to the New Secured Parties, the
Intercreditor Agreement and the Pari Passu Intercreditor Agreement as are delegated to the Collateral Agent by the terms thereof, together with all such powers as are reasonably incidental thereto; 

(iv) accepts and acknowledges the terms of the Guarantee and Collateral Agreement and each other Security Document applicable to the New
Secured Parties, the Intercreditor Agreement and the Pari Passu Intercreditor Agreement and agrees to serve as Other Pari Passu Lien Obligations Agent for the New Secured Parties with respect to the New Secured Obligations and agrees on its own
behalf and on behalf of the New Secured Parties to be bound by the terms thereof applicable to holders of Other Pari Passu Lien Obligations, with all the rights and obligations of a Secured Party thereunder and bound by all the provisions thereof as
fully as if it had been a Secured Party on the date of the Guarantee and Collateral Agreement, the Intercreditor Agreement and, if applicable, the Pari Passu Intercreditor Agreement and agrees that its address for receiving notices pursuant to
foregoing shall be as follows: 

  
 B-1 

 [ADDRESS] 

(v) confirms the authority of the Collateral Agent to enter into such agreements on its behalf and on behalf of the New Secured Parties and
agrees on its own behalf and on behalf of the New Secured Parties to be bound by the terms thereof applicable to it and the New Secured Parties as fully as if it had been a party to each such agreement on behalf of itself and the New Secured
Parties. 
 THIS OTHER PARI PASSU LIEN OBLIGATIONS AGENT CONSENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE
OF NEW YORK. 
 [Signature Pages Follow] 

  
 B-2 

 IN WITNESS WHEREOF, the undersigned has caused this Other Pari Passu Lien Obligations Agent
Consent to be duly executed by its authorized officer as of the date first set forth above. 
  

			
	[NAME OF OTHER PARI PASSU LIEN OBLIGATIONS AGENT]

 
			
		
	By:	 	 
	Name:	 	
	Title:	 	

  
 A-1 

 
			
	Acknowledged and Agreed:
	
	CONVERGEONE HOLDINGS CORP., for itself and on behalf of the other Grantors

 
			
		
	By:	 	 
	Name:	 	
	Title:	 	

  
 A-2 

 
			
	Acknowledged (such acknowledgement not being a condition precedent to the effectiveness of this Other Pari Passu Lien Obligations Agent Consent):
	
	JPMORGAN CHASE BANK, N.A., as Collateral Agent

 
			
		
	By:	 	 
	Name:	 	
	Title:	 	

  
 A-3

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