Document:

EX-10.5

 Exhibit 10.5 

CREDIT AGREEMENT 
 dated
as of November 9, 2020 
 among 

AARON’S, LLC, 
 as the
Borrower, 
 AARON’S SPINCO, INC., 

as Holdings 
 THE LENDERS FROM
TIME TO TIME PARTY HERETO, 
 and 

TRUIST BANK, 
 as
Administrative Agent, Swingline Lender and an Issuing Bank 
 BANK OF AMERICA, N.A., 

and 
 JPMORGAN CHASE BANK,
N.A., 
 as Co-Syndication Agents 

BBVA USA, 
 CITIZENS
BANK, N.A., 
 FIFTH THIRD BANK, NATIONAL ASSOCIATION, 

and 
 REGIONS BANK,

 as Co-Documentation Agents 

TRUIST SECURITIES, INC., 

BOFA SECURITIES, INC., 
 and

 JPMORGAN CHASE BANK, N.A., 

as Joint Lead Arrangers and Joint Book Runners 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 Article I. DEFINITIONS; CONSTRUCTION
	  	 	1	 
			
	 Section 1.1
	 	Definitions	  	 	1	 
			
	 Section 1.2
	 	Classifications of Loans and Borrowings	  	 	33	 
			
	 Section 1.3
	 	Accounting Terms and Determination	  	 	33	 
			
	 Section 1.4
	 	Terms Generally	  	 	34	 
			
	 Section 1.5
	 	Letter of Credit Amounts	  	 	34	 
			
	 Section 1.6
	 	Times of Day	  	 	34	 
		
	 Article II. AMOUNT AND TERMS OF THE COMMITMENTS
	  	 	34	 
			
	 Section 2.1
	 	General Description of Facilities	  	 	34	 
			
	 Section 2.2
	 	Revolving Loans	  	 	35	 
			
	 Section 2.3
	 	Procedure for Revolving Borrowings	  	 	35	 
			
	 Section 2.4
	 	Swingline Commitment	  	 	35	 
			
	 Section 2.5
	 	[Reserved]	  	 	35	 
			
	 Section 2.6
	 	Procedure for Borrowing of Swingline Loans; Etc.	  	 	35	 
			
	 Section 2.7
	 	Funding of Borrowings	  	 	37	 
			
	 Section 2.8
	 	Interest Elections	  	 	38	 
			
	 Section 2.9
	 	Optional Reduction and Termination of Commitments	  	 	39	 
			
	 Section 2.10
	 	Repayment of Loans	  	 	39	 
			
	 Section 2.11
	 	Evidence of Indebtedness	  	 	39	 
			
	 Section 2.12
	 	Optional Prepayments	  	 	40	 
			
	 Section 2.13
	 	Mandatory Prepayments	  	 	40	 
			
	 Section 2.14
	 	Interest on Loans	  	 	41	 
			
	 Section 2.15
	 	Fees	  	 	41	 
			
	 Section 2.16
	 	Computation of Interest and Fees	  	 	42	 
			
	 Section 2.17
	 	Inability to Determine Interest Rates	  	 	43	 
			
	 Section 2.18
	 	Illegality	  	 	44	 
			
	 Section 2.19
	 	Increased Costs	  	 	44	 
			
	 Section 2.20
	 	Funding Indemnity	  	 	46	 
			
	 Section 2.21
	 	Taxes	  	 	46	 
			
	 Section 2.22
	 	Payments Generally; Pro Rata Treatment; Sharing of Set-offs	  	 	48	 
			
	 Section 2.23
	 	Mitigation of Obligations	  	 	50	 
			
	 Section 2.24
	 	Letters of Credit	  	 	51	 
			
	 Section 2.25
	 	Increase of Commitments; Additional Lenders	  	 	55	 
			
	 Section 2.26
	 	Defaulting Lenders	  	 	60	 

							
	 Section 2.27
	 	Refinancing Facilities	  	 	62	 
			
	 Section 2.28
	 	Extension of Revolving Loans and Term Loans	  	 	64	 
		
	 Article III. CONDITIONS PRECEDENT TO EFFECTIVENESS
	  	 	65	 
			
	 Section 3.1
	 	Conditions To Effectiveness	  	 	65	 
			
	 Section 3.2
	 	Conditions to Funding Availability Date	  	 	66	 
			
	 Section 3.3
	 	Each Credit Event	  	 	67	 
			
	 Section 3.4
	 	Delivery of Documents	  	 	68	 
		
	 Article IV. REPRESENTATIONS AND WARRANTIES
	  	 	68	 
			
	 Section 4.1
	 	Existence; Power	  	 	68	 
			
	 Section 4.2
	 	Organizational Power; Authorization	  	 	68	 
			
	 Section 4.3
	 	Governmental Approvals; No Conflicts	  	 	68	 
			
	 Section 4.4
	 	Financial Statements	  	 	69	 
			
	 Section 4.5
	 	Litigation and Environmental Matters	  	 	69	 
			
	 Section 4.6
	 	Compliance with Laws and Agreements	  	 	69	 
			
	 Section 4.7
	 	Investment Company Act, Etc.	  	 	69	 
			
	 Section 4.8
	 	Taxes	  	 	69	 
			
	 Section 4.9
	 	Margin Regulations	  	 	70	 
			
	 Section 4.10
	 	ERISA	  	 	70	 
			
	 Section 4.11
	 	Ownership of Property	  	 	70	 
			
	 Section 4.12
	 	Disclosure	  	 	70	 
			
	 Section 4.13
	 	Labor Relations	  	 	71	 
			
	 Section 4.14
	 	Subsidiaries	  	 	71	 
			
	 Section 4.15
	 	Solvency	  	 	71	 
			
	 Section 4.16
	 	Anti-Corruption Laws and Sanctions	  	 	71	 
			
	 Section 4.17
	 	No Affected Financial Institutions	  	 	71	 
			
	 Section 4.18
	 	Inactive Subsidiaries	  	 	71	 
			
	 Section 4.19
	 	Collateral Representations	  	 	71	 
		
	 Article V. AFFIRMATIVE COVENANTS
	  	 	72	 
			
	 Section 5.1
	 	Financial Statements and Other Information	  	 	72	 
			
	 Section 5.2
	 	Notices of Material Events	  	 	74	 
			
	 Section 5.3
	 	Existence; Conduct of Business	  	 	75	 
			
	 Section 5.4
	 	Compliance with Laws, Etc.	  	 	75	 
			
	 Section 5.5
	 	Payment of Obligations	  	 	75	 
			
	 Section 5.6
	 	Books and Records	  	 	75	 
			
	 Section 5.7
	 	Visitation, Inspection, Etc.	  	 	75	 
			
	 Section 5.8
	 	Maintenance of Properties; Insurance	  	 	76	 

  
 ii 

							
	 Section 5.9
	 	Use of Proceeds and Letters of Credit	  	 	76	 
			
	 Section 5.10
	 	Additional Subsidiaries; Guarantees	  	 	76	 
			
	 Section 5.11
	 	Further Assurances	  	 	78	 
			
	 Section 5.12
	 	Collateral	  	 	78	 
			
	 Section 5.13
	 	Additional Real Estate	  	 	79	 
			
	 Section 5.14
	 	Designation of Subsidiaries	  	 	79	 
		
	 Article VI. FINANCIAL COVENANTS
	  	 	81	 
			
	 Section 6.1
	 	Total Net Debt to EBITDA Ratio	  	 	81	 
			
	 Section 6.2
	 	Fixed Charge Coverage Ratio	  	 	81	 
		
	 Article VII. NEGATIVE COVENANTS
	  	 	81	 
			
	 Section 7.1
	 	Indebtedness	  	 	81	 
			
	 Section 7.2
	 	Negative Pledge	  	 	84	 
			
	 Section 7.3
	 	Fundamental Changes	  	 	85	 
			
	 Section 7.4
	 	Investments, Loans, Etc.	  	 	86	 
			
	 Section 7.5
	 	Restricted Payments	  	 	87	 
			
	 Section 7.6
	 	Sale of Assets	  	 	87	 
			
	 Section 7.7
	 	Transactions with Affiliates	  	 	88	 
			
	 Section 7.8
	 	Restrictive Agreements	  	 	88	 
			
	 Section 7.9
	 	Sale and Leaseback Transactions	  	 	88	 
			
	 Section 7.10
	 	Legal Name, State of Formation and Form of Entity	  	 	88	 
			
	 Section 7.11
	 	Accounting Changes	  	 	89	 
			
	 Section 7.12
	 	Hedging Transactions	  	 	89	 
			
	 Section 7.13
	 	Activities of Inactive Subsidiaries	  	 	89	 
			
	 Section 7.14
	 	Government Regulation	  	 	89	 
			
	 Section 7.15
	 	Ownership of Subsidiaries	  	 	89	 
			
	 Section 7.16
	 	Use of Proceeds	  	 	89	 
			
	 Section 7.17
	 	Amendment of Organizational Documents	  	 	90	 
			
	 Section 7.18
	 	Activities of Holdings	  	 	90	 
		
	 Article VIII. EVENTS OF DEFAULT
	  	 	90	 
			
	 Section 8.1
	 	Events of Default	  	 	90	 
			
	 Section 8.2
	 	Application of Funds	  	 	93	 
		
	 Article IX. THE ADMINISTRATIVE AGENT
	  	 	95	 
			
	 Section 9.1
	 	Appointment of Administrative Agent	  	 	95	 
			
	 Section 9.2
	 	Nature of Duties of Administrative Agent	  	 	95	 
			
	 Section 9.3
	 	Lack of Reliance on the Administrative Agent	  	 	96	 
			
	 Section 9.4
	 	Certain Rights of the Administrative Agent	  	 	96	 

  
 iii 

							
	 Section 9.5
	 	Reliance by Administrative Agent	  	 	96	 
			
	 Section 9.6
	 	The Administrative Agent in its Individual Capacity	  	 	96	 
			
	 Section 9.7
	 	Successor Administrative Agent	  	 	97	 
			
	 Section 9.8
	 	Authorization to Execute other Loan Documents	  	 	98	 
			
	 Section 9.9
	 	Withholding Tax	  	 	98	 
			
	 Section 9.10
	 	Administrative Agent May File Proofs of Claim	  	 	98	 
			
	 Section 9.11
	 	Collateral and Guaranty Matters	  	 	99	 
			
	 Section 9.12
	 	Right to Realize on Collateral and Enforce Guarantee.	  	 	99	 
		
	 Article X. MISCELLANEOUS
	  	 	100	 
			
	 Section 10.1
	 	Notices	  	 	100	 
			
	 Section 10.2
	 	Waiver; Amendments	  	 	103	 
			
	 Section 10.3
	 	Expenses; Indemnification	  	 	105	 
			
	 Section 10.4
	 	Successors and Assigns	  	 	106	 
			
	 Section 10.5
	 	Governing Law; Jurisdiction; Consent to Service of Process	  	 	110	 
			
	 Section 10.6
	 	WAIVER OF JURY TRIAL	  	 	111	 
			
	 Section 10.7
	 	Right of Setoff	  	 	111	 
			
	 Section 10.8
	 	Counterparts; Integration	  	 	111	 
			
	 Section 10.9
	 	Survival	  	 	111	 
			
	 Section 10.10
	 	Severability	  	 	112	 
			
	 Section 10.11
	 	Confidentiality	  	 	112	 
			
	 Section 10.12
	 	Interest Rate Limitation	  	 	112	 
			
	 Section 10.13
	 	Patriot Act	  	 	112	 
			
	 Section 10.14
	 	No Advisory or Fiduciary Responsibility	  	 	113	 
			
	 Section 10.15
	 	Acknowledgement and Consent to Bail-In of Affected Financial Institutions	  	 	113	 
			
	 Section 10.16
	 	Certain ERISA Matters	  	 	114	 
			
	 Section 10.17
	 	Acknowledgement Regarding Any Support QFCs	  	 	115	 

  
 iv 

 Schedules 

 

					
	Schedule 1.1(a)	  	-  	  	Applicable Margin and Applicable Percentage
	Schedule 1.1(b)	  	-  	  	Lender Commitments
	Schedule 1.1(c)	  	-  	  	Progressive Finance Subsidiaries
	Schedule 1.1(d)	  	-  	  	Inactive Subsidiaries
	Schedule 2.24	  	-  	  	Existing Letters of Credit
	Schedule 4.14	  	-  	  	Subsidiaries
	Schedule 7.1	  	-  	  	Outstanding Indebtedness
	Schedule 7.2	  	-  	  	Existing Liens
	Schedule 7.4	  	-  	  	Existing Investments

 Exhibits 
  

					
	Exhibit A	  	-  	  	Form of Assignment and Acceptance
	Exhibit B	  	-  	  	Form of Guarantee Agreement
	Exhibit C	  	-  	  	Form of Borrower Guarantee Agreement
	Exhibit 2.3	  	-  	  	Notice of Revolving Borrowing
	Exhibit 2.6	  	-  	  	Notice of Swingline Borrowing
	Exhibit 2.8	  	-  	  	Form of Conversion/Continuation
	Exhibit 3.1(b)(iv)	  	-  	  	Form of Secretary’s Certificate
	Exhibit 3.1(b)(vii)	  	-  	  	Form of Officer’s Certificate
	Exhibit 5.1(c)	  	-  	  	Form of Compliance Certificate
	Exhibit 5.12	  	-  	  	Form of Security Agreement

  

 CREDIT AGREEMENT 

THIS CREDIT AGREEMENT (this “Agreement”) is made and entered into as of November 9, 2020, by and
among AARON’S, LLC, a Georgia limited liability company (the “Borrower”), AARON’S SPINCO, INC., a Georgia corporation (“Holdings”), the several banks and other financial institutions from
time to time party hereto (the “Lenders”) and TRUIST BANK, in its capacity as Administrative Agent for the Lenders (the “Administrative Agent”). 

W I T N E S S E T H: 

WHEREAS, the Borrower has requested that the Lenders establish a $250,000,000 revolving credit facility (including a $35,000,000 letter
of credit subfacility and a $25,000,000 swingline subfacility) in favor of the Borrower; and 
 WHEREAS, subject to the terms and
conditions of this Agreement, the Lenders, the Issuing Banks and the Swingline Lender, to the extent of their respective Commitments as defined herein, are willing severally to establish the requested revolving credit facility, letter of credit
subfacility and swingline subfacility in favor of the Borrower; 
 NOW, THEREFORE, in consideration of the premises and the mutual
covenants herein contained, the Borrower, Holdings, the Lenders and the Administrative Agent agree as follows: 
 ARTICLE I. 

DEFINITIONS; CONSTRUCTION 

Section 1.1 Definitions. In addition to the other terms defined herein, the following terms used
herein shall have the meanings herein specified (to be equally applicable to both the singular and plural forms of the terms defined): 

“Accepting Lenders” shall have the meaning given to such term in Section 2.28. 

“Acquisition” shall mean any transaction in which Holdings or any of its Restricted Subsidiaries directly or
indirectly (i) acquires any ongoing business, (ii) acquires all or substantially all of the assets of any Person or division thereof, whether through a purchase of assets, merger or otherwise, (iii) acquires (in one transaction or as
the most recent transaction in a series of transactions) control of at least a majority of the voting stock of a corporation, other than the acquisition of voting stock of a wholly-owned Restricted Subsidiary solely in connection with the
organization and capitalization of that Restricted Subsidiary by the Borrower, Holdings or another Subsidiary Loan Party, or (iv) acquires control of more than fifty percent (50%) ownership interest in any partnership, joint venture or limited
liability company. 
 “Acquisition Agreement” shall have the meaning set forth in
Section 2.25(c). 
 “Additional Lenders” shall have the meaning given to such term in
Section 2.25(a). 
 “Adjusted LIBO Rate” shall mean, with respect to each Interest Period
for a Eurodollar Borrowing, the rate per annum obtained by dividing (i) LIBOR for such Interest Period by (ii) a percentage equal to 1.00 minus the Eurodollar Reserve Percentage. 

 “Administrative Agent” shall have the meaning assigned to such term
in the opening paragraph hereof. 
 “Administrative Questionnaire” shall mean, with respect to each Lender, an
administrative questionnaire in the form prepared by the Administrative Agent and submitted to the Administrative Agent duly completed by such Lender. 

“Affected Financial Institution” shall mean (a) any EEA Financial Institution or (b) any UK Financial
Institution. 
 “Affiliate” shall mean, as to any Person, any other Person that directly, or indirectly through one
or more intermediaries, Controls, is Controlled by, or is under common Control with, such Person. For purposes of this definition “Control” shall mean the power, directly or indirectly, either to (i) vote ten percent
(10%) or more of securities having ordinary voting power for the election of directors (or persons performing similar functions) of a Person or (ii) direct or cause the direction of the management and policies of a Person, whether through the
ability to exercise voting power, by contract or otherwise. The terms “Controlling”, “Controlled by”, and “under common Control with” have meanings correlative thereto. 

“Agent Parties” shall have the meaning given to such term in Section 10.1(b). 

“Aggregate Revolving Commitments” shall mean, collectively, all Revolving Commitments of all Lenders at any time
outstanding. On the Effective Date, the amount of Aggregate Revolving Commitments is $250,000,000. 
 “Agreement”
shall have the meaning given to such term in the introductory paragraph hereof. 
 “Anti-Corruption Laws” shall mean
all laws, rules, and regulations of any jurisdiction applicable to Holdings, the Borrower and its Subsidiaries from time to time concerning or relating to bribery or corruption. 

“Applicable Lending Office” shall mean, for each Lender and for each Type of Loan, the “Lending Office” of
such Lender (or an Affiliate of such Lender) designated for such Type of Loan in the Administrative Questionnaire submitted by such Lender or such other office of such Lender (or an Affiliate of such Lender) as such Lender may from time to time
specify to the Administrative Agent and the Borrower as the office by which its Loans of such Type are to be made and maintained. 

“Applicable Margin” shall mean (a) with respect to all Base Rate Loans outstanding on any date, a percentage per
annum determined by reference to the applicable Total Net Debt to EBITDA Ratio in effect on such date and the column applicable to Base Rate Loans in Schedule 1.1(a) attached hereto and (b) with respect to all Eurodollar Loans
outstanding on any date and all letter of credit fees, a percentage per annum determined by reference to the applicable Total Net Debt to EBITDA Ratio in effect on such date and the column applicable to Eurodollar Loans in Schedule 1.1(a)
attached hereto; provided, that a change in the Applicable Margin resulting from a change in the Total Net Debt to EBITDA Ratio shall be effective on the second day after which the Borrower has delivered the financial statements required by
Section 5.1(a) or (b) and the Compliance Certificate required by Section 5.1(c); provided further, that if at any time the Borrower shall have failed to deliver such financial
statements and such certificate, the Applicable Margin shall be at Level V until such time as such financial statements and certificate are delivered, at which time the Applicable Margin shall be determined as provided above. Notwithstanding the
foregoing, the Applicable Margin from the Effective Date until the financial statements and Compliance Certificate for the Fiscal Quarter ending on June 30, 2021 are delivered shall be at Level II. 

  
 2 

 “Applicable Percentage” shall mean, with respect to the commitment
fee, as of any date, the percentage per annum determined by reference to the applicable Total Net Debt to EBITDA Ratio in effect on such date as set forth on Schedule 1.1(a) attached hereto; provided, that a change in the Applicable
Percentage resulting from a change in the Total Net Debt to EBITDA Ratio shall be effective on the second day after which the Borrower has delivered the financial statements required by Section 5.1(a) or (b) and
the Compliance Certificate required by Section 5.1(c); provided, further, that if at any time the Borrower shall have failed to deliver such financial statements and such certificate, the Applicable Percentage
shall be at Level V until such time as such financial statements and certificate are delivered, at which time the Applicable Percentage shall be determined as provided above. Notwithstanding the foregoing, the Applicable Percentage for the
commitment fee from the Effective Date until the financial statements and Compliance Certificate for the Fiscal Quarter ending on June 30, 2021 are delivered shall be at Level II. 

“Approved Fund” shall mean any Person (other than a natural Person) that is (or will be) engaged in making,
purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its business and that is administered or managed by (i) a Lender, (ii) an Affiliate of a Lender or (iii) an
entity or an Affiliate of an entity that administers or manages a Lender. 
 “Arrangers” shall mean Truist
Securities, Inc., BofA Securities, Inc. and JPMorgan Chase Bank, N.A., in their capacities as joint lead arrangers and joint bookrunners. 

“Assignment and Acceptance” shall mean an assignment and acceptance entered into by a Lender and an assignee (with the
consent of any party whose consent is required by Section 10.4(b)) and accepted by the Administrative Agent, in the form of Exhibit A attached hereto or any other form approved by the Administrative Agent. 

“Auto Borrow Agreement” has the meaning set forth in Section 2.6(e). 

“Availability Period” shall mean the period from the Funding Availability Date to the Revolving Commitment Termination
Date. 
 “Bail-In Action” shall mean the exercise of any Write-Down and
Conversion Powers by the applicable Resolution Authority in respect of any liability of an Affected Financial Institution. 
 “Bail-In Legislation” shall mean (a) with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the
implementing law, regulation or requirement for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule and (b) with respect to the United Kingdom, Part I of
the United Kingdom Banking Act 2009 (as amended from time to time) and any other law, regulation or rule applicable in the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial institutions or
their affiliates (other than through liquidation, administration or other insolvency proceedings). 

  
 3 

 “Base Rate” shall mean the highest of (i) the per annum rate
which the Administrative Agent publicly announces from time to time to be its prime lending rate, as in effect from time to time, (ii) the Federal Funds Rate, as in effect from time to time, plus one-half
of one percent (0.50%) per annum and (iii) the Adjusted LIBO Rate determined on a daily basis for an Interest Period of one (1) month, plus one percent (1.00%) per annum (any changes in such rates to be effective as of the date of
any change in such rate). The Administrative Agent’s prime lending rate is a reference rate and does not necessarily represent the lowest or best rate charged to customers. The Administrative Agent may make commercial loans or other loans at
rates of interest at, above or below the Administrative Agent’s prime lending rate. Each change in the Administrative Agent’s prime lending rate shall be effective from and including the date such change is publicly announced as being
effective. If the Base Rate shall be less than zero, Base Rate shall be deemed to be zero for the purposes of this Agreement. 

“Benchmark Replacement” shall mean the sum of: (a) the alternate benchmark rate (which may include Term SOFR)
that has been selected by the Administrative Agent and the Borrower giving due consideration to (i) any selection or recommendation of a replacement rate or the mechanism for determining such a rate by the Relevant Governmental Body or
(ii) any evolving or then-prevailing market convention for determining a rate of interest as a replacement to the Screen Rate for U.S. dollar-denominated syndicated credit facilities and (b) the Benchmark Replacement Adjustment; provided
that, if the Benchmark Replacement as so determined would be less than zero, the Benchmark Replacement will be deemed to be zero for the purposes of this Agreement. 

“Benchmark Replacement Adjustment” shall mean, with respect to any replacement of the Screen Rate with an Unadjusted
Benchmark Replacement for each applicable Interest Period, the spread adjustment, or method for calculating or determining such spread adjustment, (which may be a positive or negative value or zero) that has been selected by the Administrative Agent
and the Borrower giving due consideration to (i) any selection or recommendation of a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of the Screen Rate with the applicable Unadjusted
Benchmark Replacement by the Relevant Governmental Body or (ii) any evolving or then-prevailing market convention for determining a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of the
Screen Rate with the applicable Unadjusted Benchmark Replacement for U.S. dollar-denominated syndicated credit facilities at such time. 

“Benchmark Replacement Conforming Changes” shall mean, with respect to any Benchmark Replacement, any technical,
administrative or operational changes (including changes to the definition of “Base Rate,” the definition of “Interest Period,” timing and frequency of determining rates and making payments of interest, timing of borrowing
requests or prepayment, conversion or continuation notices, length of lookback period and other technical, administrative or operational matters) that the Administrative Agent decides may be appropriate to reflect the adoption and implementation of
such Benchmark Replacement and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent decides that adoption of any portion of such market practice
is not administratively feasible or if the Administrative Agent determines that no market practice for the administration of the Benchmark Replacement exists, in such other manner of administration as the Administrative Agent decides is reasonably
necessary in connection with the administration of this Agreement). 
 “Benchmark Replacement Date” shall mean the
earlier to occur of the following events with respect to the Screen Rate: 
 (a) in the case of clause (a) or (b) of the
definition of “Benchmark Transition Event,” the later of (i) the date of the public statement or publication of information referenced therein and (ii) the date on which the administrator of the Screen Rate permanently or
indefinitely ceases to provide the Screen Rate; or 

  
 4 

 (b) in the case of clause (c) of the definition of “Benchmark
Transition Event,” the date of the public statement or publication of information referenced therein. 

“Benchmark Transition Event” shall mean the occurrence of one or more of the following events with
respect to the Screen Rate: 
 (a) a public statement or publication of information by or on behalf of the administrator of
the Screen Rate announcing that such administrator has ceased or will cease to provide the Screen Rate, permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor administrator that will continue
to provide the Screen Rate; 
 (b) a public statement or publication of information by the regulatory supervisor for the
administrator of the Screen Rate, the U.S. Federal Reserve System, an insolvency official with jurisdiction over the administrator for the Screen Rate, a resolution authority with jurisdiction over the administrator for the Screen Rate, or a court
or an entity with similar insolvency or resolution authority over the administrator for the Screen Rate, which states that the administrator of the Screen Rate has ceased or will cease to provide the Screen Rate permanently or indefinitely, provided
that, at the time of such statement or publication, there is no successor administrator that will continue to provide the Screen Rate; or 

(c) a public statement or publication of information by the regulatory supervisor for the administrator of the Screen Rate
announcing that the Screen Rate is no longer representative. 
 “Benchmark Transition Start Date” shall mean
(a) in the case of a Benchmark Transition Event, the earlier of (i) the applicable Benchmark Replacement Date and (ii) if such Benchmark Transition Event is a public statement or publication of information of a prospective event, the
90th day prior to the expected date of such event as of such public statement or publication of information (or if the expected date of such prospective event is fewer than 90 days after such statement or publication, the date of such statement or
publication) and (b) in the case of an Early Opt-in Election, the date specified by the Administrative Agent or the Required Lenders, as applicable, by notice to the Borrower, the Administrative Agent (in
the case of such notice by the Required Lenders) and the Lenders. 
 “Benchmark Unavailability Period” shall mean,
if a Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to the Screen Rate and solely to the extent that the Screen Rate has not been replaced with a Benchmark Replacement, the period (x) beginning
at the time that such Benchmark Replacement Date has occurred if, at such time, no Benchmark Replacement has replaced the Screen Rate for all purposes hereunder in accordance with Section 2.17(b)-(e) and (y) ending at
the time that a Benchmark Replacement has replaced the Screen Rate for all purposes hereunder pursuant to Section 2.17(b)-(e). 

“Beneficial Ownership Certification” shall mean a certification regarding beneficial ownership as required by the
Beneficial Ownership Regulation. 
 “Beneficial Ownership Regulation” shall mean 31 C.F.R. § 1010.230. 

“Benefit Plan” shall mean any of (a) an “employee benefit plan” (as defined in ERISA) that is subject
to Title I of ERISA, (b) a “plan” as defined in and subject to Section 4975 of the Code or (c), any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or
Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”. 

  
 5 

 “Borrower” shall have the meaning set forth in the introductory
paragraph hereof. 
 “Borrower Guarantee Agreement” shall mean the Borrower Guarantee Agreement,
substantially in the form of Exhibit C, made by the Borrower in favor of the Administrative Agent for the benefit of the holders of (i) Hedging Obligations owed by Holdings or any Subsidiary Loan Party to any Lender or Affiliate of any
Lender and (ii) Treasury Management Obligations owed by Holdings or any Subsidiary Loan Party to any Lender or Affiliate of any Lender. 

“Borrowing” shall mean a borrowing consisting of (i) Loans of the same Class and Type, made, converted or
continued on the same date and in the case of Eurodollar Loans, as to which a single Interest Period is in effect, or (ii) a Swingline Loan. 

“Business Day” shall mean (i) any day other than a Saturday, Sunday or other day on which commercial banks in
Charlotte, North Carolina are authorized or required by law to close and (ii) if such day relates to a Borrowing of, a payment or prepayment of principal or interest on, a conversion of or into, or an Interest Period for, a Eurodollar Loan or a
notice with respect to any of the foregoing, any day on which dealings in Dollars are carried on in the London interbank market. 

“Capital Lease Obligations” of any Person shall mean all obligations of such Person to pay rent or other amounts under
any lease (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on a balance sheet of such Person under GAAP, and
the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP. 
 “Capital
Stock” shall mean, with respect to any Person, all of the shares of capital stock of (or other ownership or profit interests in) such Person, all of the warrants, options or other rights for the purchase or acquisition from such Person
of shares of capital stock of (or other ownership or profit interests in) such Person, all of the securities convertible into or exchangeable for shares of capital stock of (or other ownership or profit interests in) such Person or warrants, rights
or options for the purchase or acquisition from such Person of such shares (or such other interests), and all of the other ownership or profit interests in such Person (including partnership, member or trust interests therein), whether voting or
nonvoting, and whether or not such shares, warrants, options, rights or other interests are outstanding on any date of determination. 

“Cash Collateralize” shall mean, in respect of any Obligations, to provide and pledge (as a first priority perfected
security interest) cash collateral for such Obligations in Dollars, to the Administrative Agent pursuant to documentation in form and substance reasonably satisfactory to the Administrative Agent (and “Cash Collateralization”
and “Cash Collateral” have a corresponding meaning). 
 “Cash Equivalents” shall mean, as at
any date, (i) securities issued or directly and fully guaranteed or insured by the United States or any agency or instrumentality thereof (provided that the full faith and credit of the United States is pledged in support thereof) having
maturities of not more than twelve months from the date of acquisition, (ii) Dollar denominated time deposits and certificates of deposit of (A) any Lender, (B) any domestic commercial bank of recognized standing having capital and
surplus in excess of $500,000,000 or (C) any bank whose short-term commercial paper rating from S&P is at least A-1 or the equivalent thereof or from
Moody’s is at least P-1 or the equivalent thereof (any such bank being an “Approved Bank”), in each case with maturities of not more than two hundred seventy (270) days from
the date of acquisition, (iii) commercial paper and variable or fixed rate notes issued by any Approved Bank 

  
 6 

 
(or by the parent company thereof) or any variable rate notes issued by, or guaranteed by, any domestic corporation rated A-1 (or the equivalent thereof)
or better by S&P or P-1 (or the equivalent thereof) or better by Moody’s and maturing within six months of the date of acquisition, (iv) repurchase agreements entered into by any Person with a
bank or trust company (including any Lender) or recognized securities dealer having capital and surplus in excess of $500,000,000 for direct obligations issued by or fully guaranteed by the United States in which such Person shall have a perfected
first priority security interest (subject to no other Liens) and having, on the date of purchase thereof, a fair market value of at least one hundred percent (100%) of the amount of the repurchase obligations and (v) investments, classified in
accordance with GAAP as current assets, in money market investment programs registered under the Investment Company Act of 1940 which are administered by reputable financial institutions having capital of at least $500,000,000 and the portfolios of
which are limited to Investments of the character described in the foregoing clauses (i) through (iv). 

“Change in Control” shall mean the occurrence of one or more of the following events: (i) any sale, lease,
exchange or other transfer (in a single transaction or a series of related transactions) of all or substantially all of the assets of Holdings to any Person or “group” (within the meaning of the Securities Exchange Act of 1934 and the
rules of the Securities and Exchange Commission thereunder in effect on the date hereof), (ii) the acquisition of ownership, directly or indirectly, beneficially or of record, by any Person or “group” (within the meaning of the Securities
Exchange Act of 1934 and the rules of the Securities and Exchange Commission thereunder as in effect on the date hereof) of thirty-three and one third
(331⁄3) or more of the total voting power of shares of stock entitled to vote in the election of directors of Holdings; (iii) during any period of
twenty-four (24) consecutive months, a majority of the members of the board of directors or other equivalent governing body of Holdings cease to be composed of individuals (A) who were members of that board or equivalent governing body on
the first day of such period, (B) whose election or nomination to that board or equivalent governing body was approved by individuals referred to in clause (A) above constituting at the time of such election or nomination at least a
majority of that board or equivalent governing body or (C) whose election or nomination to that board or other equivalent governing body was approved by individuals referred to in clauses (A) and (B) above constituting at the
time of such election or nomination at least a majority of that board or equivalent governing body; or (iv) Holdings shall cease to own and control, of record and beneficially, directly one hundred percent (100%) of the outstanding Capital
Stock in the Borrower. 
 “Change in Law” shall mean (i) the adoption of any applicable law, rule or regulation
after the date of this Agreement, (ii) any change in any applicable law, rule or regulation, or any change in the interpretation, implementation or application thereof, by any Governmental Authority after the date of this Agreement, or
(iii) compliance by any Lender (or its Applicable Lending Office) or any Issuing Bank (or, for purposes of Section 2.19(b), by such Lender’s or such Issuing Bank’s holding company, if applicable) with any
request, guideline or directive (whether or not having the force of law) of any Governmental Authority made or issued after the date of this Agreement; provided, that for purposes of this Agreement, (x) the Dodd-Frank Wall Street Reform
and Consumer Protection Act and all requests, rules, guidelines or directives in connection therewith and (y) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking
Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a “Change in Law”, regardless of the date enacted, adopted
or issued. 
 “Charges” shall have the meaning given to such term in Section 10.12. 

  
 7 

 “Class” refers to whether such Loan, or the Loans comprising
such Borrowing, are Revolving Loans, Swingline Loans or Term Loans and when used in reference to any Commitment, refers to whether such Commitment is a Revolving Commitment or a Swingline Commitment. 

“Code” shall mean the Internal Revenue Code of 1986, as amended and in effect from time to time. 

“Collateral” shall mean all tangible and intangible property, real and personal, of any Loan Party that is or purports
to be the subject of a Lien to the Administrative Agent to secure the whole or any part of the Obligations or any Guarantee thereof, and shall include, without limitation, all casualty insurance proceeds and condemnation awards with respect to any
of the foregoing; provided that all rights, title, interests in the Specified Asset transferred to the Borrower or Holdings from Prog Leasing, LLC pursuant to that certain assignment agreement to be executed by Borrower, Holdings and Prog Leasing,
LLC on the Funding Availability Date shall be (i) excluded from Collateral and (ii) no rights thereto shall be granted to the Administrative Agent or the Lenders pursuant to any Collateral Document, in each case of clauses (i) and
(ii), at any time before the date that is 1 year after the Funding Availability Date, regardless of whether a Trigger Event occurs before such date. 

“Collateral Documents” shall mean, collectively, the Security Agreement, any Real Estate Documents, all assignments of
key man life insurance policies and all other instruments and agreements now or hereafter securing or perfecting the Liens securing the whole or any part of the Obligations or any Guarantee thereof, all UCC financing statements, fixture filings and
stock powers, and all other documents, instruments, agreements and certificates executed and delivered by any Loan Party to the Administrative Agent and the Lenders in connection with the foregoing. 

“Commitment” shall mean a Revolving Commitment or a Swingline Commitment or any combination thereof (as the context
shall permit or require). 
 “Commodity Exchange Act” shall mean the Commodity Exchange Act (7 U.S.C. Section 1
et seq.), as amended from time to time, and any successor statute. 
 “Communications” shall have the meaning
given to such term in Section 10.1(b). 
 “Compliance Certificate” shall mean a
certificate from the principal executive officer or the principal financial officer of the Borrower in the form of, and containing the certifications set forth in, the certificate attached hereto as Exhibit 5.1(c). 

“Consolidated EBITDA” shall mean for Holdings, the Borrower and its Restricted Subsidiaries for any period, an amount
equal to the sum of (i) Consolidated Net Income for such period plus (ii) to the extent deducted in determining Consolidated Net Income for such period, but without duplication, (A) Consolidated Interest Expense,
(B) income tax expense, (C) depreciation (excluding depreciation of rental merchandise) and amortization, (D) all other non-cash charges (including, without limitation, any non-cash charges, expenses or losses incurred in connection with any stock option plan, cash incentive plan or any other employee benefit plan or agreement, but excluding any such non-cash charges or losses (1) representing an accrual or reserve for future cash charges or losses, (2) to the extent that there were cash charges or losses with respect thereto in past accounting
periods, and (3) representing a write-down of current assets; provided that in the case of (1) and (2), if any such non-cash charges or losses represent an accrual or reserve for potential cash items
in any future period, the cash payment in respect thereof in such future period shall be subtracted from Consolidated EBITDA in such future period to the 

  
 8 

 extent paid), (E) closing costs, fees and expenses incurred during such period in connection with the
transactions contemplated by the Transaction Documents (including the amendments thereto), in each case paid during such period to Persons that are not Affiliates of Holdings or any of its Restricted Subsidiaries, (F) up to $43,500,000 in
restructuring charges incurred in Fiscal Year 2020 in connection with the closure and consolidation of Borrower-operated stores, (G) up to $14,700,000 in advisory fees and expenses incurred or paid by the Borrower to one or more of its third
party consultants in the first Fiscal Quarter of 2020, (H) business optimization, restructuring and transition expenses, costs, charges, accruals or reserves incurred within two (2) years of any Permitted Acquisition, which for the avoidance of
doubt shall include severance payments and costs, legal defense and settlement costs (including any costs paid in satisfaction of judgments), relocation costs, costs related to the closure, opening, curtailment and/or consolidation of facilities,
retention charges, systems establishment costs, spin-off costs, integration costs, signing costs, retention and completion bonuses, amortization of signing bonuses, inventory optimization expenses, contract
termination costs, transaction costs, costs related to entry into new markets, consulting fees, recruiter fees; (I) business optimization, restructuring and transition related expenses, costs, charges, accruals or reserves which are unrelated
to any Permitted Acquisition or divestiture of assets, all as determined on a consolidated basis for Holdings, the Borrower and its Restricted Subsidiaries for such period; (J) loss of on-lease and off-lease inventory, physical damage to stores, infrastructure, capital assets and other assets of the business and loss of revenue, in each case, (1) to the extent reasonably identifiable by the Borrower as
having resulted from significant weather events or other natural disasters in areas that have been declared a federal disaster or otherwise qualify for federal emergency assistance, (2) to the extent occurring within twelve (12) months
after the occurrence of such significant weather event or natural disaster, and (3) net of all related insurance proceeds received related thereto (including, without limitation, all business interruption insurance and casualty insurance), all
as determined on a consolidated basis for Holdings and its Restricted Subsidiaries for such period; (K) the amount of cost savings and synergies projected by the Borrower in good faith to be reasonably anticipated to be realized from actions
taken or committed to be taken during such period in connection with any Permitted Acquisition or any permitted disposition of assets (in each case calculated on a Pro Forma Basis as though such cost savings and synergies had been realized on the
first day of such period, net of the amount of actual benefits realized prior to or during such period from such actions); provided that such actions have been taken or have been committed to be taken, and the benefits resulting therefrom are
anticipated by the Borrower in good faith to be realized within twenty-four (24) months after the completion of the related Permitted Acquisition or permitted disposition of assets; and provided, further, that the aggregate amount
for all such items under this clause (K) shall not exceed $25,000,000 in the aggregate during the term of this Agreement; (L) (1) expenses, costs, charges, accruals or reserves relating to the formation of Holdings and the
Restructuring, in each case, to the extent paid in cash prior to the Effective Date or within six (6) months after the Effective Date and (2) non-cash expenses, costs, charges, accruals or reserves
relating to the formation of Holdings and the Restructuring, in each case, to the extent incurred prior to the Effective Date or within 2 years after the Effective Date, including, for the avoidance of doubt, any amortization or accruals for prior
cash payments to the extent such cash payment were made prior to the Effective Date or within six (6) months after the Effective Date; (M) expenses, cost, charges, accruals or reserves relating to the repositioning, relocating, remodeling,
consolidation and closure of retail locations, offices or operating centers, all as determined on a consolidated basis for Holdings, the Borrower and its Restricted Subsidiaries for such period; and (N) up to $447,000,000 in impairment charges
or asset write-offs or write-downs related to goodwill in the first Fiscal Quarter of 2020. Notwithstanding the foregoing, the amounts added back to Consolidated Net Income in reliance on clauses (ii)(H), (ii)(I), (ii)(J) and (ii)(M) above shall not
exceed, in the aggregate during any four fiscal quarter period, the greater of (i) $40,000,000 and (ii) 20% of Consolidated EBITDA for such period (calculated prior to adding back any such amounts). 

  
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 “Consolidated EBITDAR” shall mean, for Holdings, the Borrower and
its Restricted Subsidiaries for any period, an amount equal to the sum of (a) Consolidated EBITDA plus (b) Consolidated Lease Expense. 

“Consolidated Fixed Charges” shall mean, for Holdings, the Borrower and its Restricted Subsidiaries for any period,
the sum (without duplication) of (a) Consolidated Interest Expense paid or payable for such period plus (b) Consolidated Lease Expense. 

“Consolidated Interest Expense” shall mean, for Holdings, the Borrower and its Restricted Subsidiaries for any period
determined on a consolidated basis in accordance with GAAP, total cash interest expense, including without limitation the interest component of any payments in respect of Capital Leases Obligations capitalized or expensed during such period
(whether or not actually paid during such period). 
 “Consolidated Lease Expense” shall mean, for any period,
the aggregate amount of fixed and contingent rentals payable by Holdings, the Borrower and its Restricted Subsidiaries with respect to leases of real and personal property (excluding Capital Lease Obligations) determined on a consolidated basis in
accordance with GAAP for such period. 
 “Consolidated Net Income” shall mean, for any period, the net income (or
loss) of Holdings, the Borrower and its Restricted Subsidiaries for such period determined on a consolidated basis in accordance with GAAP, but excluding therefrom (to the extent otherwise included therein) (a) any extraordinary gains or
losses, (b) any gains attributable to write-ups of assets, (c) any equity interest of Holdings, the Borrower or any Restricted Subsidiary of Holdings in the unremitted earnings of any Person that is
not a Restricted Subsidiary and (d) any income (or loss) of any Person accrued prior to the date it becomes a Restricted Subsidiary or is merged into or consolidated with Holdings, the Borrower or any Restricted Subsidiary on the date that such
Person’s assets are acquired by Holdings, the Borrower or any Restricted Subsidiary, except to the extent provided for in the definition of Pro Forma Basis in connection with a Permitted Acquisition. For the avoidance of doubt, Consolidated Net
Income (i) shall exclude any income (or loss) for such period of Unrestricted Subsidiaries and (ii) shall include any amounts actually distributed in cash by Unrestricted Subsidiaries to Holdings, the Borrower or any Restricted Subsidiary.

 “Consolidated Total Debt” shall mean, at any time, all then currently outstanding obligations, liabilities and
indebtedness of Holdings, the Borrower and its Restricted Subsidiaries on a consolidated basis of the types described in the definition of “Indebtedness”. 

“Default” shall mean any condition or event that, with the giving of notice or the lapse of time or both, would
constitute an Event of Default. 
 “Default Interest” shall have the meaning set forth in
Section 2.14(c). 
 “Defaulting Lender” shall mean, at any time, subject to
Section 2.26(b), (i) any Lender that has failed for two (2) or more Business Days to comply with its obligations under this Agreement to make a Loan, to make a payment to the applicable Issuing Bank in respect of a
Letter of Credit or to the Swingline Lender in respect of a Swingline Loan or to make any other payment due hereunder (each a “funding obligation”), unless such Lender has notified the Administrative Agent and the Borrower in
writing that such failure is the result of such Lender’s determination that one or more conditions precedent to funding has not been satisfied (which conditions precedent, together with any applicable Default, will be specifically identified in
such writing), (ii) any Lender that has notified the Administrative Agent in writing, or has stated publicly, that it does not intend to comply with any such funding obligation hereunder, unless 

  
 10 

 
such writing or public statement states that such position is based on such Lender’s determination that one or more conditions precedent to funding cannot be satisfied (which conditions
precedent, together with any applicable Default, will be specifically identified in such writing or public statement), (iii) any Lender that has defaulted on its obligation to fund generally under any other loan agreement, credit agreement or other
financing agreement, (iv) any Lender that has, for three (3) or more Business Days after written request of the Administrative Agent or the Borrower, failed to confirm in writing to the Administrative Agent and the Borrower that it will
comply with its prospective funding obligations hereunder (provided that such Lender will cease to be a Defaulting Lender pursuant to this clause (iv) upon the Administrative Agent’s and the Borrower’s receipt of such
written confirmation), (v) any Lender with respect to which a Lender Insolvency Event has occurred and is continuing or (vi) any Lender that has become the subject of a Bail-In Action. Any determination
by the Administrative Agent that a Lender is a Defaulting Lender will be conclusive and binding, absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to Section 2.26(b)) upon
notification of such determination by the Administrative Agent to the Borrower, the Issuing Banks, the Swingline Lender and the Lenders. 

“Delaware Divided LLC” shall mean any Delaware LLC which has been formed upon the consummation of a Delaware LLC
Division. 
 “Delaware LLC” shall mean any limited liability company organized or formed under the laws of the State
of Delaware. 
 “Delaware LLC Division” shall mean the statutory division of any Delaware LLC into two or more
Delaware LLCs pursuant to Section 18-217 of the Delaware Limited Liability Company Act. 

“Dollar(s)” and the sign “$” shall mean lawful money of the United States of America. 

“Domestic Controlled Affiliate” shall mean each Affiliate of the Borrower that is (a) Controlled by the Borrower,
and (b) incorporated or organized under the laws of any State of the United States, the District of Columbia or Puerto Rico. 

“Domestic Subsidiary” shall mean any Subsidiary which is incorporated or organized under the laws of any State of the
United States, the District of Columbia or Puerto Rico. 
 “Early Opt-in
Election” shall mean the occurrence of: 
 (a) (i) a determination by the Administrative Agent or
(ii) a notification by the Required Lenders to the Administrative Agent (with a copy to the Borrower) that the Required Lenders have determined that U.S. dollar-denominated syndicated credit facilities being executed at such time, or that
include language similar to that contained in Section 2.17(b)-(e) are being executed or amended, as applicable, to incorporate or adopt a new benchmark interest rate to replace the Screen Rate, and 

(b) (i) the election by the Administrative Agent or (ii) the election by the Required Lenders to declare that an
Early Opt-in Election has occurred and the provision, as applicable, by the Administrative Agent of written notice of such election to the Borrower and the Lenders or by the Required Lenders of written notice
of such election to the Administrative Agent. 

  
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 “EEA Financial Institution” shall mean (a) any credit
institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in
clause (a) of this definition or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clause (a) or (b) of this definition and is subject to
consolidated supervision with its parent. 
 “EEA Member Country” shall mean any of the member states of the
European Union, Iceland, Liechtenstein, and Norway. 
 “EEA Resolution Authority” shall mean any public
administrative authority or any person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 

“Effective Date” shall mean the date hereof. 

“Environmental Indemnity” shall mean each environmental indemnity made by each Loan Party with respect to Real Estate
required to be pledged as Collateral in favor of the Administrative Agent for the benefit of the holders of the Obligations, in each case in form and substance reasonably satisfactory to the Administrative Agent. 

“Environmental Laws” shall mean all laws, rules, regulations, codes, ordinances, orders, decrees, judgments,
injunctions, notices or binding agreements issued, promulgated or entered into by or with any Governmental Authority, relating in any way to the environment, preservation or reclamation of natural resources, the management, Release or threatened
Release of any Hazardous Material or to health and safety matters. 
 “Environmental Liability” shall mean any
liability, contingent or otherwise (including any liability for damages, costs of environmental investigation and remediation, costs of administrative oversight, fines, natural resource damages, penalties or indemnities), of Holdings or any
Restricted Subsidiary directly or indirectly resulting from or based upon (i) any actual or alleged violation of any Environmental Law, (ii) the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous
Materials, (iii) any actual or alleged exposure to any Hazardous Materials, (iv) the Release or threatened Release of any Hazardous Materials or (v) any contract, agreement or other consensual arrangement pursuant to which liability
is assumed or imposed with respect to any of the foregoing. 
 “ERISA” shall mean the Employee Retirement Income
Security Act of 1974, as amended, and the rules and regulations promulgated thereunder. 
 “ERISA Affiliate” shall
mean any trade or business (whether or not incorporated), which, together with the Borrower, is treated as a single employer under Section 414(b) or (c) of the Code or, solely for the purposes of Section 302 of ERISA and
Section 412 of the Code, is treated as a single employer under Section 414 of the Code. 
 “ERISA
Event” shall mean (i) any “reportable event”, as defined in Section 4043 of ERISA or the regulations issued thereunder with respect to a Plan (other than an event for which the
30-day notice period is waived); (ii) the existence with respect to any Plan of an “accumulated funding deficiency” (as defined in Section 412 of the Code or Section 302 of ERISA), whether
or not waived; (iii) the filing pursuant to Section 412(d) of the Code or Section 303(d) of ERISA of an application for a waiver of the minimum funding standard with respect to any Plan; (iv) the incurrence by the Borrower or any
of its ERISA Affiliates of any liability under Title IV of ERISA with respect to the termination of any Plan; (v) the receipt by the 

  
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Borrower or any ERISA Affiliate from the PBGC or a plan administrator appointed by the PBGC of any notice relating to an intention to terminate any Plan or Plans or to appoint a trustee to
administer any Plan; (vi) the incurrence by the Borrower or any of its ERISA Affiliates of any liability with respect to the withdrawal or partial withdrawal from any Plan or Multiemployer Plan; or (vii) the receipt by the Borrower or any
ERISA Affiliate of any notice, or the receipt by any Multiemployer Plan from the Borrower or any ERISA Affiliate of any notice, concerning the imposition of Withdrawal Liability or a determination that a Multiemployer Plan is, or is expected to be,
insolvent or in reorganization, within the meaning of Title IV of ERISA. 
 “EU Bail-In
Legislation Schedule” shall mean the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor Person), as in effect from time to time. 

“Eurodollar” when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising
such Borrowing, bears interest at a rate determined by reference to the Adjusted LIBO Rate. 
 “Eurodollar Reserve
Percentage” shall mean the aggregate of the maximum reserve percentages (including, without limitation, any emergency, supplemental, special or other marginal reserves) expressed as a decimal (rounded upwards to the next 1/100th of 1%) in effect on any day to which the Administrative Agent is subject with respect to the Adjusted LIBO Rate pursuant to regulations issued by the Board of Governors of the Federal Reserve System
(or any Governmental Authority succeeding to any of its principal functions) with respect to eurocurrency funding (currently referred to as “eurocurrency liabilities” under Regulation D). Eurodollar Loans shall be deemed to constitute
eurocurrency funding and to be subject to such reserve requirements without the benefit of or credit for proration, exemptions or offsets that may be available from time to time to any Lender under Regulation D. The Eurodollar Reserve Percentage
shall be adjusted automatically on and as of the effective date of any change in any reserve percentage. 
 “Event of
Default” shall have the meaning provided in Article VIII. 
 “Excluded Swap
Obligation” shall mean, with respect to any Guarantor, any Swap Obligation if, and to the extent that, all or a portion of the Guarantee of such Guarantor of, or the grant by such Guarantor of a security interest to secure, such Swap
Obligation (or any Guarantee thereof) is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of
such Guarantor’s failure for any reason to constitute an “eligible contract participant” as defined in the Commodity Exchange Act and the regulations thereunder at the time the Guarantee of such Guarantor, or the grant by such
Guarantor of a security interest, becomes effective with respect to such Swap Obligation; provided that, for the avoidance of doubt, in determining whether any Guarantor is an “eligible contract participant” under the Commodity
Exchange Act, the “keepwell” provision set forth in Section 24 of the Guarantee Agreement and Section 24 of the Borrower Guarantee Agreement shall be taken into account. If a Swap Obligation arises under a Master Agreement
governing more than one Hedging Transaction, such exclusion shall apply only to the portion of such Swap Obligation that is attributable to Hedging Transactions for which such Guarantee or security interest is or becomes excluded in accordance with
the first sentence of this definition. 

  
 13 

 “Excluded Taxes” shall mean with respect to the
Administrative Agent, any Lender, any Issuing Bank or any other recipient of any payment to be made by or on account of any obligation of the Borrower hereunder, (i) Taxes imposed on or measured by net income or franchise taxes (A) imposed
by the jurisdiction under the laws of which such recipient is organized or in which its principal office is located or, in the case of any Lender, in which its Applicable Lending Office is located or (B) that are Other Connection Taxes,
(ii) any branch profits taxes imposed by the United States of America or any similar tax imposed by any other jurisdiction in which any Lender is located and (iii) in the case of a Foreign Lender, any withholding tax that (A) is
imposed on amounts payable to such Foreign Lender pursuant to a law in effect at the time such Foreign Lender becomes a party to this Agreement, (B) is imposed on amounts payable to such Foreign Lender pursuant to a law in effect at any time
that such Foreign Lender designates a new lending office, other than taxes that have accrued prior to the designation of such lending office that are otherwise not Excluded Taxes, (C) is attributable to such Foreign Lender’s failure to
comply with Section 2.21(e), and (D) is imposed under FATCA. 
 “Existing Credit
Agreement” shall mean that certain Second Amended and Restated Revolving Credit and Term Loan Agreement dated as of September 18, 2017 (as amended, restated, supplemented or otherwise modified from time to time) among the Borrower,
the lenders from time to time party thereto and Truist Bank, as administrative agent. 
 “Existing Letters of
Credit” shall mean the letters of credit set forth on Schedule 2.24. 
 “FATCA” shall mean
Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official
interpretations thereof, any agreements entered into pursuant to Section 1471(b)(1) of the Code and any fiscal or regulatory legislation, rules or official practices adopted pursuant to any intergovernmental agreement, treaty or convention
among Governmental Authorities entered into in connection with the implementation of the foregoing. 
 “Federal Funds
Rate” shall mean, for any day, the rate per annum (rounded upwards, if necessary, to the next 1/100th of 1%) equal to the weighted average of the rates on overnight Federal funds
transactions with member banks of the Federal Reserve System, as published by the Federal Reserve Bank of New York on the next succeeding Business Day; provided, (i) if such day is not a Business Day, the Federal Funds Rate for such day
shall be such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business Day and (ii) if no such rate is so published on such next succeeding Business Day, the Federal Funds Rate for such day
shall be the average rate charged to Truist Bank or any other Lender selected by the Administrative Agent on such day on such transactions as determined by the Administrative Agent. 

“Fee Letters” shall mean each of (a) that certain letter agreement dated as of October 19,
2020 by and among the Borrower and the Arrangers and (b) that certain letter agreement dated as of October 19, 2020 by and between the Borrower and Truist Securities, Inc. 

“Fiscal Quarter” shall mean any fiscal quarter of Holdings. 

“Fiscal Year” shall mean a fiscal year of Holdings. 

“Fixed Charge Coverage Ratio” shall mean, at any date, the ratio of (i) Consolidated EBITDAR for the four
(4) consecutive Fiscal Quarters ending on such date to (ii) Consolidated Fixed Charges for the four (4) consecutive Fiscal Quarters ending on such date. 

  
 14 

 “Flood Insurance Laws” shall mean, collectively, (i) the
National Flood Insurance Reform Act of 1994 (which comprehensively revised the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973), as now or hereafter in effect or any successor statute thereto, (ii) the Flood
Insurance Reform Act of 2004, as now or hereafter in effect or any successor statute thereto and (iii) the Biggert –Waters Flood Insurance Reform Act of 2012, as now or hereafter in effect or any successor statute thereto. 

“Foreign Lender” shall mean any Lender that is not a United States person under Section 7701(a)(30)
of the Code. 
 “Foreign Pledge Date” shall have the meaning set forth in Section 5.10(b).

 “Foreign Subsidiary” shall mean any Subsidiary that is not a Domestic Subsidiary. 

“Funding Availability Date” shall mean the first date on which all the conditions precedent in
Section 3.2 are satisfied (or waived in accordance with Section 10.2). 
 “GAAP”
shall mean generally accepted accounting principles in the United States applied on a consistent basis and subject to the terms of Section 1.3. 

“Governmental Authority” shall mean the government of the United States of America, any other nation or any political
subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or
pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank). 

“Guarantee” of or by any Person (the “guarantor”) shall mean any obligation, contingent or
otherwise, of the guarantor guaranteeing or having the economic effect of guaranteeing any Indebtedness or other obligation of any other Person (the “primary obligor”) in any manner, whether directly or indirectly and
including any obligation, direct or indirect, of the guarantor (i) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation or to purchase (or to advance or supply funds for the
purchase of) any security for the payment thereof, (ii) to purchase or lease property, securities or services for the purpose of assuring the owner of such Indebtedness or other obligation of the payment thereof, (iii) to maintain working
capital, equity capital or any other financial statement condition or liquidity of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation or (iv) as an account party in respect of any letter of
credit or letter of guaranty issued in support of such Indebtedness or obligation; provided, that the term “Guarantee” shall not include endorsements for collection or deposits in the ordinary course of business. The amount of any
Guarantee shall be deemed to be an amount equal to the stated or determinable amount of the primary obligation in respect of which Guarantee is made or, if not so stated or determinable, the maximum reasonably anticipated liability in respect
thereof (assuming such Person is required to perform thereunder) as determined by such Person in good faith. The term “Guarantee” used as a verb has a corresponding meaning. 

“Guarantee Agreement” shall mean the Guarantee Agreement, substantially in the form of Exhibit B, made by
Holdings and the Subsidiary Loan Parties in favor of the Administrative Agent for the benefit of the holders of the Obligations. 

“Guarantors” shall mean, collectively, (i) Holdings, (ii) each Subsidiary Loan Party, including each Person that
joins as a Subsidiary Loan Party pursuant to Section 5.10 or otherwise, (iii) with respect to (A) any Hedging Obligations between any Loan Party (other than the Borrower) and any Lender or Affiliate of a Lender
that are permitted to be incurred pursuant to Section 7.12 and any Treasury Management Obligations owing by any Loan Party (other than the Borrower), the Borrower and (B) the payment and performance by each Specified
Loan Party of its obligations under its Guarantee with respect to all Swap Obligations, the Borrower and (iv) the successors and permitted assigns of the foregoing. 

  
 15 

 “Hazardous Materials” shall mean all explosive or radioactive
substances or wastes and all hazardous or toxic substances, wastes or other pollutants, including petroleum or petroleum distillates, asbestos or asbestos containing materials, polychlorinated biphenyls, radon gas, infectious or medical wastes and
all other substances or wastes of any nature regulated pursuant to any Environmental Law. 
 “Hedging Obligations”
of any Person shall mean any and all obligations of such Person, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired under (i) any and all Hedging Transactions, (ii) any and all
cancellations, buy backs, reversals, terminations or assignments of any Hedging Transactions and (iii) any and all renewals, extensions and modifications of any Hedging Transactions and any and all substitutions for any Hedging Transactions.

 “Hedging Transaction” of any Person shall mean (i) any transaction (including an agreement with respect to
any such transaction) now existing or hereafter entered into by such Person that is a rate swap transaction, swap option, basis swap, forward rate transaction, commodity swap, commodity option, equity or equity index swap or option, bond option,
interest rate option, foreign exchange transaction, cap transaction, floor transaction, collar transaction, currency swap transaction, cross-currency rate swap transaction, currency option, spot transaction, credit protection transaction, credit
swap, credit default swap, credit default option, total return swap, credit spread transaction, repurchase transaction, reverse repurchase transaction, buy/sell-back transaction, securities lending transaction, or any other similar transaction
(including any option with respect to any of these transactions) or any combination thereof, whether or not any such transaction is governed by or subject to any master agreement and (ii) any and all transactions of any kind, and the related
confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master Agreement, or any other
master agreement (any such master agreement, together with any related schedules, a “Master Agreement”), including any such obligations or liabilities under any Master Agreement. 

“Holdings” shall have the meaning set forth in the introductory paragraph hereto. 

“Inactive Subsidiaries” shall mean the Subsidiaries of Holdings identified on Schedule 1.1(d). 

“Incremental Funds Certain Provision” shall have the meaning set forth in Section 2.25(c).

 “Incremental Revolving Commitment” shall have the meaning set forth in Section 2.25(a).

 “Incremental Term Loan” shall have the meaning set forth in Section 2.25(a). 

“Indebtedness” of any Person shall mean, without duplication (i) all obligations of such Person for borrowed
money, (ii) all obligations of such Person evidenced by bonds, debentures, notes or other similar instruments, (iii) all obligations of such Person in respect of the deferred purchase price of property or services (other than trade
payables incurred in the ordinary course of business; provided, that for purposes of Section 8.1(g), trade payables overdue by more than one hundred twenty (120) days shall be included in this definition except
to the extent that any of such trade payables are being disputed in good 

  
 16 

 
faith and by appropriate measures), (iv) all obligations of such Person under any conditional sale or other title retention agreement(s) relating to property acquired by such Person, (v) all
Capital Lease Obligations of such Person, (vi) all obligations, contingent or otherwise, of such Person in respect of letters of credit, acceptances or similar extensions of credit, (vii) all Guarantees of such Person of the type of
Indebtedness described in clauses (i) through (vi) above, (viii) all Indebtedness of a third party secured by any Lien on property owned by such Person, whether or not such Indebtedness has been assumed by such Person,
(ix) all obligations of such Person, contingent or otherwise, to purchase, redeem, retire or otherwise acquire for value any Capital Stock of such Person, and (x) Off-Balance Sheet Liabilities. The
Indebtedness of any Person shall include the Indebtedness of any partnership or joint venture in which such Person is a general partner or a joint venturer, except to the extent that the terms of such Indebtedness provide that such Person is not
liable therefor. 
 “Indemnified Taxes” shall mean (i) Taxes, other than Excluded Taxes, imposed on or with
respect to any payment made by or on account of any obligation of the Borrower under any Loan Document and (ii) to the extent not otherwise described in (i), Other Taxes. 

“Intercreditor Agreement” shall mean an intercreditor agreement to be entered into upon the occurrence of the Trigger
Event by the Administrative Agent, on behalf of the Lenders and other holders of the Obligations, and Truist Bank, as servicer under the Loan Facility Agreement, on behalf of the Participants as defined in the Loan Facility Agreement, which
intercreditor agreement shall provide for the ratable sharing of collateral and the proceeds thereof as provided more specifically therein. 

“Interest Period” shall mean with respect to any Eurodollar Borrowing, a period of one, two, three or six months;
provided, that: 
 (i) the initial Interest Period for such Borrowing shall commence on the date of such Borrowing
(including the date of any conversion from a Borrowing of another Type), and each Interest Period occurring thereafter in respect of such Borrowing shall commence on the day on which the next preceding Interest Period expires; 

(ii) if any Interest Period would otherwise end on a day other than a Business Day, such Interest Period shall be extended to
the next succeeding Business Day, unless such Business Day falls in another calendar month, in which case such Interest Period would end on the next preceding Business Day; 

(iii) any Interest Period which begins on the last Business Day of a calendar month or on a day for which there is no
numerically corresponding day in the calendar month at the end of such Interest Period shall end on the last Business Day of such calendar month; and 

(iv) (A) no Interest Period for a Revolving Loan may extend beyond the Revolving Commitment Termination Date or any
Refinancing Revolving Maturity Date, as the case may be, and (B) no Interest Period for a Term Loan may extend beyond the applicable Maturity Date. 

“Investments” shall have the meaning given to such term in Section 7.4. 

“Issuing Bank” shall mean, with respect to a particular Letter of Credit, (a) Truist Bank, in its capacity as
issuer of such Letters of Credit hereunder, (b) JPMorgan Chase Bank, N.A., in its capacity as issuer of such Letters of Credit hereunder, (c) Bank of America, N.A., in its capacity as issuer of such Letters of Credit hereunder, and
(d) any successor issuer of such Letter of Credit hereunder. 

  
 17 

 “LC Commitment” shall mean, with respect to (a) Truist Bank,
$14,000,000, (b) Bank of America, N.A., $10,500,000 and (c) JPMorgan Case Bank, N.A., $10,500,000. 
 “LC
Disbursement” shall mean a payment made by the applicable Issuing Bank pursuant to a Letter of Credit. 
 “LC
Documents” shall mean the Letters of Credit and all applications, agreements and instruments relating to the Letters of Credit. 

“LC Exposure” shall mean, at any time, the sum of (i) the aggregate undrawn amount of all outstanding Letters of
Credit at such time, plus (ii) the aggregate amount of all LC Disbursements that have not been reimbursed by or on behalf of the Borrower at such time. The LC Exposure of any Lender shall be its Pro Rata Share of the total LC
Exposure at such time. 
 “LC Sublimit” shall mean that portion of the Aggregate Revolving Commitments that may be
used by the Borrower for the issuance of Letters of Credit in an aggregate face amount not to exceed $35,000,000. 
 “Lender
Insolvency Event” shall mean that (i) a Lender or its parent corporation is insolvent, or is generally unable to pay its debts as they become due, or admits in writing its inability to pay its debts as they become due, or makes a
general assignment for the benefit of its creditors, (ii) a Lender or its parent corporation is the subject of a bankruptcy, insolvency, reorganization, liquidation or similar proceeding, or a receiver, trustee, conservator, custodian or
similar Person charged with reorganization or liquidation of its business or assets, including the Federal Deposit Insurance Corporation or any other state or federal regulatory authority acting in such capacity, has been appointed for such Lender
or its parent corporation, or such Lender or its parent corporation has taken any action in furtherance of or indicating its consent to or acquiescence in any such proceeding or appointment or (iii) a Lender or its parent corporation has been
adjudicated as, or determined by any Governmental Authority having regulatory authority over such Person or its assets to be, insolvent; provided that, for the avoidance of doubt, a Lender Insolvency Event shall not be deemed to have occurred
solely by virtue of the ownership or acquisition of any equity interest in or control of a Lender or a parent corporation thereof by a Governmental Authority or an instrumentality thereof so long as such ownership or acquisition does not result in
or provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject, repudiate,
disavow or disaffirm any contracts or agreements made with such Lender. 
 “Lenders” shall have the meaning assigned
to such term in the opening paragraph of this Agreement and shall include, where appropriate, the Swingline Lender and each Additional Lender that joins this Agreement pursuant to Section 2.25 or 2.27. 

“Letter of Credit” shall mean any standby letter of credit issued pursuant to Section 2.24
by an Issuing Bank for the account of the Borrower pursuant to the LC Sublimit and the Existing Letters of Credit. 

  
 18 

 “LIBOR” shall mean, for any applicable Interest Period with respect
to any Eurodollar Loan, the rate per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) for deposits in Dollars for a period equal to such Interest Period appearing on the display designated on Reuters Screen LIBOR01 Page (or any
successor page) as the London interbank offered rate for deposits in Dollars at approximately 11:00 a.m. (London, England time) on the day that is two (2) Business Days prior to the first day of the Interest Period; provided, that
if the Administrative Agent determines that the relevant foregoing sources are unavailable for the relevant Interest Period, LIBOR shall mean the rate of interest determined by the Administrative Agent to be the average (rounded upward, if
necessary, to the nearest 1/100th of 1%) of the rates per annum at which deposits in Dollars are offered to the Administrative Agent two (2) Business Days preceding the first day of such
Interest Period by leading banks in the London interbank market as of or about 10:00 a.m. for delivery on the first day of such Interest Period, for the number of days comprised therein and in an amount comparable to the amount of the Eurodollar
Loan of the Administrative Agent; provided, further, that, if LIBOR would be less than zero, such rate shall be deemed to be zero for purposes of this Agreement. 

“Lien” shall mean any mortgage, pledge, security interest, lien (statutory or otherwise), charge, encumbrance,
hypothecation, assignment, deposit arrangement, or other arrangement having the practical effect of any of the foregoing or any preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever (including
any conditional sale or other title retention agreement and any capital lease having the same economic effect as any of the foregoing). A covenant not to grant a Lien or a “negative pledge” shall not be determined a Lien for purposes of
this Agreement. 
 “Loan Documents” shall mean, collectively, this Agreement, the LC Documents, the Fee Letters, all
Notices of Borrowing, all Notices of Conversion/Continuation, the Intercreditor Agreement, if any, the Guarantee Agreement, the Borrower Guarantee Agreement, the Collateral Documents (if any), all collateral documents pursuant to
Section 5.10(b), and any and all other instruments, agreements, documents and writings executed in connection with any of the foregoing. 

“Loan Facility Agreement” shall mean that certain Loan Facility Agreement and Guaranty dated as of the Effective Date,
by and among the Borrower, Truist Bank, as Servicer and the financial institutions from time to time a party thereto, as Participants, as amended, restated, amended and restated, refinanced, replaced, supplemented or otherwise modified from time to
time. 
 “Loan Facility Documents” shall mean, collectively, the Loan Facility Agreement and any and all other
instruments, agreements, documents and writings executed in connection with the foregoing. 
 “Loan Parties” shall
mean Holdings, the Borrower and the Subsidiary Loan Parties. 
 “Loans” shall mean all Term Loans, Revolving Loans
and Swingline Loans in the aggregate or any of them, as the context shall require. 
 “Master Agreement” shall have
the definition set forth in the definition of “Hedging Transaction”. 
 “Material Adverse Effect” shall
mean, with respect to any event, act, condition or occurrence of whatever nature (including any adverse determination in any litigation, arbitration, or governmental investigation or proceeding), whether singularly or in conjunction with any other
event or events, act or acts, condition or conditions, occurrence or occurrences whether or not related, resulting in a material adverse change in, or a material adverse effect on, (i) the business, results of operations, financial condition,
assets, liabilities or prospects of Holdings, the Borrower and its Restricted Subsidiaries taken as a whole, (ii) the ability of the Borrower or the Loan Parties taken as a whole to perform any of their respective obligations under the Loan
Documents, (iii) the rights and remedies of the Administrative Agent, the Issuing Banks and the Lenders under any of the Loan Documents or (iv) the legality, validity or enforceability of any of the Loan Documents. 

  
 19 

 “Material Domestic Subsidiary” shall mean any Domestic Subsidiary of
Holdings (other than the Borrower) that is a Restricted Subsidiary that has not already become a Subsidiary Loan Party that (i) at any time (A) accounted for five percent (5.0%) of Consolidated EBITDA for any period of four (4) Fiscal
Quarters ended or (B) holds assets in an amount equal to or greater than five percent (5.0%) of the aggregate fair market value (as reasonably determined by the Borrower) of the total assets of Holdings, the Borrower and its Restricted
Subsidiaries determined on a consolidated basis as of the last day of the most recent Fiscal Quarter, or (ii) when taken together with other Domestic Subsidiaries that are Restricted Subsidiaries that are not already Subsidiary Loan Parties,
(x) accounted for ten percent (10.0%) of Consolidated EBITDA for any period of four (4) Fiscal Quarters ended or (y) holds assets in an amount equal to or greater than ten percent (10.0%) of the aggregate fair market value (as
reasonably determined by the Borrower) of the total assets of Holdings, the Borrower and its Restricted Subsidiaries determined on a consolidated basis as of the last day of the most recent Fiscal Quarter. Upon the acquisition of a new Domestic
Subsidiary or the merger or consolidation of any Person with or into an existing Domestic Subsidiary (or the acquisition of other assets by an existing Domestic Subsidiary), in each case, that is a Restricted Subsidiary, the qualification of the
affected Domestic Subsidiary as a “Material Subsidiary” pursuant to the foregoing requirements of this definition shall be determined on a Pro Forma Basis as if such Domestic Subsidiary had been acquired or such merger, consolidation or
other acquisition had occurred, as applicable, at the beginning of the relevant period of four (4) consecutive Fiscal Quarters. 

“Material Indebtedness” shall mean, as of any date of determination, Indebtedness (other than the Loans and Letters of
Credit) of any one or more of Holdings, the Borrower and the Restricted Subsidiaries in an aggregate principal amount greater than an amount equal to two percent (2.0%) of the aggregate book value of the total assets of Holdings, the Borrower and
its Restricted Subsidiaries determined on a consolidated basis as of the last day of the most recently ended Fiscal Quarter for which financial statements have been delivered; provided, that, Indebtedness of Progressive Finance and
Progressive Finance Subsidiaries shall not constitute “Material Indebtedness” so long as no Loan Party Guarantees or otherwise becomes obligated with respect to any such Indebtedness. 

“Material Real Estate” shall mean Real Estate with a fair market value (as reasonably determined by the Borrower in
consultation with the Administrative Agent) in excess of $10,000,000. 
 “Material Subsidiary” shall mean at any
time any direct or indirect Restricted Subsidiary of Holdings having: (a) assets in an amount equal to at least five percent (5.0%) of the aggregate book value of the total assets of Holdings, the Borrower and its Restricted Subsidiaries
determined on a consolidated basis as of the last day of the most recent Fiscal Quarter at such time; or (b) revenues or net income in an amount equal to at least five percent (5.0%) of the total revenues or net income of Holdings, the Borrower
and its Restricted Subsidiaries on a consolidated basis for the 12-month period ending on the last day of the most recent Fiscal Quarter at such time. 

“Maturity Date” shall mean, (a) with respect to any Incremental Term Loan, the earlier of (i) the maturity
date set forth in the applicable documentation with respect thereto and (ii) the date on which the principal amount of such outstanding Incremental Term Loan has been declared or automatically have become due and payable (whether by
acceleration or otherwise) and (b) with respect to any Refinancing Term Loan, the earlier of (i) the maturity date set forth in the applicable Refinancing Facility Amendment and (ii) the date on which the principal amount of such
outstanding Refinancing Term Loan has been declared or automatically have become due and payable (whether by acceleration or otherwise). 

  
 20 

 “Maximum Incremental Facility Amount” shall mean $150,000,000. 

“Maximum Rate” shall have the meaning given to such term in Section 10.12. 

“Moody’s” shall mean Moody’s Investors Service, Inc., and any successor thereto. 

“Mortgaged Property” shall mean, collectively, the Real Estate subject to the Mortgages, including, but not limited
to, any Real Estate for which a Mortgage is required to be delivered after the occurrence of the Trigger Event pursuant to Section 5.13. 

“Mortgages” shall mean, collectively, each mortgage, deed of trust, trust deed, security deed, debenture, deed of
immovable hypothec, deed to secure debt or other real estate security documents delivered by any Loan Party to the Administrative Agent from time to time, all in form and substance reasonably satisfactory to the Administrative Agent, as the same may
be amended, amended and restated, extended, supplemented, substituted or otherwise modified from time to time. 
 “Multiemployer
Plan” shall have the meaning set forth in Section 4001(a)(3) of ERISA. 
 “Net Cash Proceeds”
shall mean the aggregate cash or Cash Equivalents proceeds received by Holdings or any Domestic Subsidiary that is a Restricted Subsidiary in respect of any (i) sale or disposition by Holdings or any of its Restricted Subsidiaries of any of its
assets, (ii) any casualty insurance policies or eminent domain, condemnation or similar proceedings or (iii) any issuance of Indebtedness not permitted under Section 7.1, in each case net of direct costs incurred
in connection therewith (including legal, accounting and investment banking fees, and sales commissions), taxes paid or payable as a result thereof and, in the case of any sale or disposition or casualty, eminent domain, condemnation or similar
proceeding, the amount necessary to retire any Indebtedness secured by a Lien permitted under this Agreement (ranking senior to any Lien of the Administrative Agent) on the related property; it being understood that “Net Cash Proceeds”
shall include any cash or Cash Equivalents received upon the sale or other disposition of any non-cash consideration received by Holdings or any Domestic Subsidiary that is a Restricted Subsidiary in
connection with any sale or disposition by Holdings or any of its Restricted Subsidiaries of any of its assets, any casualty insurance policies or eminent domain, condemnation or similar proceedings or any issuance of Indebtedness not permitted
under Section 7.1. 
 “Non-Defaulting Lender”
shall mean, at any time, a Lender that is not a Defaulting Lender. 
 “Notes” shall mean any promissory notes issued
hereunder at the request of any Lender. 
 “Notice of Conversion/Continuation” shall have the meaning set
forth in Section 2.8(b). 
 “Notice of Revolving Borrowing” shall have the meaning as set
forth in Section 2.3. 
 “Notice of Swingline Borrowing” shall have the
meaning as set forth in Section 2.6. 
 “Notices of Borrowing” shall mean, collectively,
the Notices of Revolving Borrowing and the Notices of Swingline Borrowing. 

  
 21 

 “Obligations” shall mean, collectively, (i) all amounts owing
by the Loan Parties to the Administrative Agent, any Issuing Bank, any Lender (including the Swingline Lender) or the Arrangers pursuant to or in connection with this Agreement or any other Loan Document or otherwise with respect to any Loan or
Letter of Credit including without limitation, all principal, interest (including any interest accruing after the filing of any petition in bankruptcy or the commencement of any insolvency, reorganization or like proceeding relating to Holdings, the
Borrower or any Restricted Subsidiary, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding), all reimbursement obligations, fees, expenses, indemnification and reimbursement payments, costs and expenses
(including all fees and expenses of counsel to the Administrative Agent, any Issuing Bank and any Lender (including the Swingline Lender) incurred pursuant to this Agreement or any other Loan Document), whether direct or indirect, absolute or
contingent, liquidated or unliquidated, now existing or hereafter arising hereunder or thereunder, and all obligations and liabilities incurred in connection with collecting and enforcing the foregoing, (ii) all Hedging Obligations owed by any
Loan Party or any Restricted Subsidiary to any Lender or Affiliate of any Lender and (iii) all Treasury Management Obligations between any Loan Party or any Restricted Subsidiary and any Lender or Affiliate of any Lender, together with all
renewals, extensions, modifications or refinancings of any of the foregoing; provided, that, “Obligations” of a Guarantor shall exclude any Excluded Swap Obligations of such Guarantor. 

“OFAC” shall mean the U.S. Department of the Treasury’s Office of Foreign Assets Control. 

“Off-Balance Sheet Liabilities” of any Person shall mean (i) any
repurchase obligation or liability of such Person with respect to accounts or notes receivable sold by such Person, other than indemnity obligations for any breach of any representation or warranty which are customary in nonrecourse sales of such
assets, (ii) any liability of such Person under any sale and leaseback transactions which do not create a liability on the balance sheet of such Person, (iii) any liability of such Person under any
so-called “synthetic” lease transaction or (iv) any obligation arising with respect to any other transaction which is the functional equivalent of or takes the place of borrowing but which does
not constitute a liability on the balance sheet of such Person. 
 “OSHA” shall mean the Occupational Safety and
Health Act of 1970, as amended from time to time, and any successor statute. 
 “Other Connection Taxes” shall mean,
with respect to the Administrative Agent, any Lender, any Issuing Bank or any other recipient, Taxes imposed as a result of a present or former connection between such Administrative Agent, Lender, Issuing Bank or recipient and the jurisdiction
imposing such Tax (other than connections arising from such Person having executed, delivered, become a party to, performed its obligations under, received payments under, received or perfected a security interest under, engaged in any other
transaction pursuant to or enforced any Loan Document, or sold or assigned an interest in any Loan or Loan Document). 
 “Other
Taxes” shall mean any and all present or future stamp or documentary taxes or any other excise or property taxes, charges or similar levies arising from any payment made hereunder or from the execution, delivery or enforcement of, or
otherwise with respect to, this Agreement or any other Loan Document, except any such Taxes that are Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to Section 2.23(b)).

 “Participant” shall have the meaning set forth in Section 10.4(d). 

  
 22 

 “Participant Register” shall have the meaning set forth in
Section 10.4(e). 
 “Patriot Act” shall mean the USA PATRIOT Act, Title III of Pub. L. 107-56 (signed into law October 26, 2001), as amended and in effect from time to time. 

“Payment Office” shall mean the office of the Administrative Agent located at 303 Peachtree Street, N.E., Atlanta,
Georgia 30308, or such other location as to which the Administrative Agent shall have given written notice to the Borrower and the other Lenders. 

“PBGC” shall mean the Pension Benefit Guaranty Corporation referred to and defined in ERISA, and any successor
entity performing similar functions. 
 “Permitted Acquisition” shall mean any Acquisition (whether foreign or
domestic) so long as (a) immediately before and after giving effect to such Acquisition, no Default or Event of Default is in existence (except, in the case of an Acquisition subject to the Incremental Funds Certain Provision, in which case
there is no Default or Event of Default immediately before or immediately after execution and delivery of the applicable Acquisition Agreement and there is no Specified Event of Default at the date the applicable Permitted Acquisition is
consummated), (b) such Acquisition has been approved by the board of directors of the Person being acquired prior to any public announcement thereof, (c) to the extent such Acquisition is of a Person or Persons that are not organized in the
United States and/or of all or substantially all of the assets of a Person located outside the United States and the aggregate EBITDA attributable to all Foreign Subsidiaries that are Restricted Subsidiaries for the most recently ended twelve month
period (giving pro forma effect to such Acquisition; provided that, in the case of an Acquisition subject to the Incremental Funds Certain Provision, the date of determination for giving pro forma effect to such Acquisition to determine
compliance with this clause (c) shall, at the option of the Borrower, be the date of execution of the applicable Acquisition Agreement, and such determination shall be made after giving effect to such Acquisition (and the other
transactions to be entered into in connection therewith (including any incurrence of Indebtedness and the use of proceeds thereof)); provided that such Acquisition must close within ninety (90) days of the signing of the applicable
Acquisition Agreement) exceeds twenty percent (20%) of Consolidated EBITDA for the most recently ended twelve month period, the Borrower complies with Sections 5.10(b) and 5.12 hereof and (d) immediately after giving effect to such
Acquisition, Holdings, the Borrower and its Restricted Subsidiaries will not be engaged in any business other than (A) substantially the same business as presently conducted or such other businesses that are reasonably related thereto,
including but not limited to the business of leasing and selling furniture, consumer electronics, computers, appliances and other household goods and accessories inside and outside of the United States of America, through both independently-owned
and franchised stores, providing lease-purchase solutions, credit and other financing solutions to customers for the purchase and lease of such products, the manufacture and supply of furniture and bedding for lease and sale in such stores, and the
provision of virtual rent-to-own programs inside and outside of the United States of America (including but not limited to point-of-sale lease purchase programs), (B) any other businesses which are ancillary or complementary to, or reasonable extensions or expansions of, the business of Holdings, the Borrower and its Restricted
Subsidiaries as conducted as of the Effective Date, as reasonably determined in good faith by the Borrower and (C) any businesses that are materially different from the business of Holdings, the Borrower and its Restricted Subsidiaries as
conducted as of the Effective Date provided that any Investments made, funds expended or financial support provided by Holdings, the Borrower and/or its Restricted Subsidiaries in connection with such alternative lines of business shall not exceed
$50,000,000 in the aggregate at any time outstanding. As used herein, Acquisitions will be considered related Acquisitions if the sellers under such Acquisitions are the same Person or any Affiliate thereof. 

  
 23 

 “Permitted Amendments” shall have the meaning given to such term in
Section 2.28. 
 “Permitted Encumbrances” shall mean 

(i) Liens imposed by law for taxes not yet due or which are being contested in good faith by appropriate proceedings and with
respect to which adequate reserves are being maintained in accordance with GAAP; 
 (ii) statutory Liens of landlords and
Liens of carriers, warehousemen, mechanics, materialmen and other Liens imposed by law created in the ordinary course of business for amounts not yet due or which are being contested in good faith by appropriate proceedings and with respect to which
adequate reserves are being maintained in accordance with GAAP; 
 (iii) pledges and deposits made in the ordinary course of
business in compliance with workers’ compensation, unemployment insurance and other social security laws or regulations; 

(iv) deposits to secure the performance of bids, trade contracts, leases, statutory obligations, surety and appeal bonds,
performance bonds and other obligations of a like nature, in each case in the ordinary course of business; 
 (v) judgment
and attachment liens not giving rise to an Event of Default or Liens created by or existing from any litigation or legal proceeding that are currently being contested in good faith by appropriate proceedings and with respect to which adequate
reserves are being maintained in accordance with GAAP; 
 (vi) easements, zoning restrictions,
rights-of-way and similar encumbrances on real property imposed by law or arising in the ordinary course of business that do not secure any monetary obligations and do
not materially detract from the value of the affected property or materially interfere with the ordinary conduct of business of Holdings, the Borrower and its Restricted Subsidiaries taken as a whole; 

(vii) other Liens incidental to the conduct of its business or the ownership of its property and assets which were not incurred
in connection with the borrowing of money or the obtaining of advances or credit, and which do not in the aggregate materially detract from the value of its property or assets or materially impair the use thereof in the operation of its business;
and 
 (viii) Liens on insurance policies owned by the Borrower on the lives of its officers securing policy loans obtained
from the insurers under such policies; provided that (A) the aggregate amount borrowed on each policy shall not exceed the loan value thereof, and (B) the Borrower shall not incur any liability to repay any such loan; 

provided, that, the term “Permitted Encumbrances” shall not include any Lien securing Indebtedness. 

“Permitted Investments” shall mean: 

  
 24 

 (i) direct obligations of, or obligations the principal of and interest on
which are unconditionally guaranteed by, the United States (or by any agency thereof to the extent such obligations are backed by the full faith and credit of the United States), in each case maturing within one year from the date of acquisition
thereof; 
 (ii) commercial paper having an A or better rating, at the time of acquisition thereof, of S&P or
Moody’s and in either case maturing within one year from the date of acquisition thereof; 
 (iii) certificates
of deposit, bankers’ acceptances and time deposits maturing within one year of the date of acquisition thereof issued or guaranteed by or placed with, and money market deposit accounts issued or offered by, any domestic office of any commercial
bank organized under the laws of the United States or any state thereof which has a combined capital and surplus and undivided profits of not less than $500,000,000; 

(iv) fully collateralized repurchase agreements with a term of not more than 30 days for securities described in clause
(i) above and entered into with a financial institution satisfying the criteria described in clause (iii) above; and 

(v) mutual funds investing solely in any one or more of the Permitted Investments described in clauses (i) through
(iv) above. 
 “Person” shall mean any individual, partnership, firm, corporation, association, joint
venture, limited liability company, trust or other entity or any Governmental Authority. 
 “Pro Forma Basis” shall
mean, for purposes of calculating compliance with respect to any asset sale (including any disposition of property to a Delaware Divided LLC pursuant to a Delaware LLC Division), casualty event, Permitted Acquisition, Restricted Payment or
incurrence of Indebtedness, or any other transaction subject to calculation on a “Pro Forma Basis” as indicated herein (including without limitation, for purposes of determining compliance with the financial covenants in Article VI, and
determining the Applicable Margin and Applicable Percentage) that such transaction shall be deemed to have occurred as of the first day of the period of four Fiscal Quarters most recently ended (the “Reference Period”) for
which the Borrower has delivered financial statements pursuant to Section 5.1(a) or (b). For purposes of any such calculation in respect of any Permitted Acquisition, (a) income statement and cash flow statement
items attributable to the Person or property subject to such Permitted Acquisition shall be included in Consolidated EBITDA for such Reference Period after giving pro forma effect thereto as if such Permitted Acquisition occurred on the first day of
such Reference Period; (b) any Indebtedness incurred or assumed by Holdings, the Borrower or any Restricted Subsidiary (including the Person or property acquired) in connection with such transaction and any Indebtedness of the Person or
property acquired which is not retired in connection with such transaction (i) shall be deemed to have been incurred as of the first day of the applicable period and (ii) if such Indebtedness has a floating or formula rate, shall have an
implied rate of interest for the applicable period for purposes of this definition determined by utilizing the rate which is or would be in effect with respect to such Indebtedness as at the relevant date of determination; (c) capital
expenditures attributable to the Person or property acquired shall be included beginning as of the first day of the applicable period; and (d) except as permitted pursuant to clauses (I), (J) and (K) of the definition of Consolidated
EBITDA, no adjustments for unrealized synergies shall be included. For purposes of any such calculation in respect of (a) the designation of any Restricted Subsidiary as an Unrestricted Subsidiary, (i) income statement and cash flow
statement items (whether positive or negative) attributable to such Subsidiary shall be excluded to the extent relating to any period occurring prior to the 

  
 25 

 
date of such designation and (ii) Indebtedness of such Subsidiary shall be excluded and deemed to have been retired as of the first day of the Reference Period and (b) the designation
of any Unrestricted Subsidiary as an Restricted Subsidiary, (i) income statement and cash flow statement items (whether positive or negative) attributable to such Subsidiary shall be included to the extent relating to any period prior to the
date of such designation to the extent such items are not otherwise included in such income statement and cash flow statement items for Holdings, the Borrower and its Restricted Subsidiaries in accordance with any defined terms set forth in this
Section 1.01. 
 “Pro Forma Compliance Certificate” shall mean a certificate of a
Responsible Officer of the Borrower containing (x) reasonably detailed calculations of the financial covenants set forth in Article VI recomputed as of the end of the period of the four Fiscal Quarters most recently ended for which the
Borrower has delivered financial statements pursuant to Section 5.1(a) or (b) after giving effect to the applicable transaction on a Pro Forma Basis and (y) if delivered in connection with any Permitted
Acquisition, certifications that clauses (i) through (iv) of the definition of “Permitted Acquisition” have been satisfied (or will be satisfied in the time permitted under this Agreement). 

“Pro Rata Share” shall mean (a) with respect to any Commitment of any Lender at any time, a percentage, the
numerator of which shall be such Lender’s Commitment (or if such Commitments have been terminated or expired or the Loans have been declared to be due and payable, such Lender’s Revolving Credit Exposure or Term Loans, as applicable), and
the denominator of which shall be the sum of such Commitments of all Lenders (or if such Commitments have been terminated or expired or the Loans have been declared to be due and payable, all Revolving Credit Exposure or Term Loans, as applicable,
of all Lenders) and (b) with respect to all Commitments of any Lender at any time, the numerator of which shall be the sum of such Lender’s Revolving Commitment (or if such Revolving Commitments have been terminated or expired or the Loans
have been declared to be due and payable, such Lender’s Revolving Credit Exposure) and Term Loans and the denominator of which shall be the sum of all Lenders’ Revolving Commitments (or if such Revolving Commitments have been terminated or
expired or the Loans have been declared to be due and payable, all Revolving Credit Exposure of all Lenders funded under such Commitments) and Term Loans. 

“Progressive Finance” shall mean Aaron’s Holdings Company, Inc., a Georgia corporation. 

“Progressive Finance Subsidiaries” shall mean the direct and indirect Subsidiaries of Progressive Finance identified
on Schedule 1.1(c) hereto. 
 “PTE” shall mean a prohibited transaction class exemption issued by the U.S.
Department of Labor, as any such exemption may be amended from time to time. 
 “Real Estate” shall mean all real
property owned in fee by Holdings, the Borrower and its Restricted Subsidiaries. 
 “Real Estate Documents” shall
mean, collectively, Mortgages covering all Material Real Estate owned by the Loan Parties, duly executed by each applicable Loan Party, together with (A) title insurance policies, current as-built
ALTA/ACSM Land Title surveys certified to the Administrative Agent, zoning letters, building permits and certificates of occupancy, in each case relating to such Real Estate and reasonably satisfactory in form and substance to the Administrative
Agent, (B) (x) “Life of Loan” Federal Emergency Management Agency Standard Flood Hazard determinations, (y) notices, in the form required under the Flood Insurance Laws, about special flood hazard area status and flood disaster
assistance duly 

  
 26 

 
executed by each Loan Party, and (z) if any improved real property encumbered by any Mortgage is located in a special flood hazard area, a policy of flood insurance in minimum amounts
required by applicable Law and that is on terms reasonably satisfactory to the Administrative Agent, (C) evidence that counterparts of such Mortgages have been recorded in all places to the extent necessary or desirable, in the judgment of the
Administrative Agent, to create a valid and enforceable first priority Lien (subject to Permitted Encumbrances) on such Real Estate in favor of the Administrative Agent for the benefit of the holders of the Obligations (or in favor of such other
trustee as may be required or desired under local law), (D) if requested by the Administrative Agent, an opinion of counsel in each state in which such Real Estate is located in form and substance and from counsel reasonably satisfactory to the
Administrative Agent, (E) a duly executed Environmental Indemnity with respect thereto, (F) Phase I Environmental Site Assessment Reports, consistent with American Society of Testing and Materials (ASTM) Standard E 1527-05, and applicable state requirements, on all of the owned Real Estate, dated no more than six (6) months prior to the date on which the Trigger Event occurred (or date of the applicable Mortgage if
provided post-closing) or later if accompanied by no change affidavits, prepared by environmental engineers satisfactory to the Administrative Agent, all in form and substance satisfactory to the Administrative Agent, and such environmental review
and audit reports, including Phase II reports, with respect to the Real Estate of any Loan Party as the Administrative Agent shall have reasonably requested, in each case together with letters executed by the environmental firms preparing such
environmental reports, in form and substance reasonably satisfactory to the Administrative Agent, authorizing the Administrative Agent and the Lenders to rely on such reports, and the Administrative Agent shall be reasonably satisfied with the
contents of all such environmental reports and (G) such other reports, documents, instruments and agreements as the Administrative Agent shall reasonably request, each in form and substance reasonably satisfactory to Administrative Agent. 

“Refinancing Facility” shall have the meaning assigned to such term in Section 2.27(a). 

“Refinancing Facility Amendment” shall have the meaning assigned to such term in
Section 2.27(a). 
 “Refinancing Revolving Facility” shall mean any Refinancing Facility
that is a revolving facility. 
 “Refinancing Revolving Maturity Date” shall mean the maturity date of any
Refinancing Revolving Facility. 
 “Refinancing Term Loan” shall mean any Refinancing Facility that is a term loan.

 “Regulation D” shall mean Regulation D of the Board of Governors of the
Federal Reserve System, as the same may be in effect from time to time, and any successor regulations. 

“Regulation T” shall mean Regulation T of the Board of Governors of the Federal
Reserve System, as the same may be in effect from time to time, and any successor regulations. 

“Regulation U” shall mean Regulation U of the Board of Governors of the Federal
Reserve System, as the same may be in effect from time to time, and any successor regulations. 

“Regulation X” shall mean Regulation X of the Board of Governors of the Federal
Reserve System, as the same may be in effect from time to time, and any successor regulations. 

  
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 “Related Parties” shall mean, with respect to any specified Person,
such Person’s Affiliates and the respective directors, officers, employees, agents and advisors of such Person and such Person’s Affiliates. 

“Release” shall mean any release, spill, emission, leaking, dumping, injection, pouring, deposit, disposal, discharge,
dispersal, leaching or migration into the environment (including ambient air, surface water, groundwater, land surface or subsurface strata) or within any building, structure, facility or fixture. 

“Relevant Governmental Body” shall mean the Federal Reserve Board and/or the Federal Reserve Bank of New York, or a
committee officially endorsed or convened by the Federal Reserve Board and/or the Federal Reserve Bank of New York or any successor thereto. 

“Required Lenders” shall mean, at any time, Lenders holding at least fifty-one
percent (51.0%) of the Aggregate Revolving Commitments and the Term Loans at such time or if the Lenders have no Commitments outstanding, then Lenders holding at least fifty-one percent (51.0%) of the
Revolving Credit Exposure and the Term Loans; provided, that, to the extent that any Lender is a Defaulting Lender, such Defaulting Lender and all of its Revolving Commitments, Revolving Credit Exposure and Term Loans shall be excluded
for purposes of determining Required Lenders. 
 “Required Revolving Lenders” shall mean, at any time, Lenders
holding at least fifty-one percent (51.0%) of the aggregate outstanding Revolving Commitments at such time or, if the Lenders have no Revolving Commitments outstanding, then Lenders holding at least fifty-one percent (51.0%) of the aggregate Revolving Credit Exposure; provided that to the extent that any Lender is a Defaulting Lender, such Defaulting Lender and all of its Revolving Commitments and
Revolving Credit Exposure shall be excluded for purposes of determining Required Revolving Lenders. 
 “Resolution
Authority” shall mean an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution Authority. 

“Responsible Officer” shall mean any of the president, the chief executive officer, the chief operating officer, the
chief financial officer, the treasurer, the controller or a vice president of the Borrower or such other representative of the Borrower as may be designated in writing by any one of the foregoing with the consent of the Administrative Agent; and,
with respect to the financial covenants only, the chief financial officer, the controller or the treasurer of the Borrower. 

“Restricted Payment” shall have the meaning set forth in Section 7.5. 

“Restricted Subsidiary” shall mean any Subsidiary other than an Unrestricted Subsidiary. Unless otherwise indicated,
all references to “Restricted Subsidiary” hereunder shall mean a Restricted Subsidiary of Holdings. For the avoidance of doubt, the Borrower shall be a Restricted Subsidiary of Holdings for all purposes of the Loan Documents. 

“Restructuring” shall mean the reorganization of Aaron’s Holdings Company, Inc., a Georgia corporation
(“Aaron’s Holdings”) and its Affiliates pursuant to which Aaron’s Progressive Holding Company and its Subsidiaries will cease to be Subsidiaries of the Borrower pursuant to a spinoff and separation
transaction as further disclosed to the Administrative Agent and the Lenders. 

  
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 “Revolving Commitment” shall mean, with respect to each Lender, the
obligation of such Lender to make Revolving Loans to the Borrower and to participate in Letters of Credit and Swingline Loans in an aggregate principal amount not exceeding the amount set forth with respect to such Lender on Schedule 1.1(b),
or in the case of a Person becoming a Lender after the Effective Date through an assignment of an existing Revolving Commitment, the amount of the assigned “Revolving Commitment” as provided in the Assignment and Acceptance executed by
such Person as an assignee, or the joinder executed by such Person, as the same may be increased or decreased pursuant to terms hereof, or in any documentation executed by such Lender in connection with an Incremental Revolving Commitment,
Incremental Term Loan or Refinancing Facility, as applicable. 
 “Revolving Commitment Termination Date” shall mean
the earliest of (i) November 9, 2025, (ii) the date on which the Revolving Commitments are terminated pursuant to Section 2.9(b) or Section 8.1, (iii) the date on which all amounts
outstanding under this Agreement have been declared or have automatically become due and payable (whether by acceleration or otherwise) and (iv) the Termination Date (if the Restructuring has not been consummated prior to the Termination Date).

 “Revolving Credit Exposure” shall mean, for any Lender, the sum of such Lender’s Revolving Loans, LC
Exposure and Swingline Exposure. 
 “Revolving Loan” shall mean a loan made by a Lender (other than the Swingline
Lender) to the Borrower under its Revolving Commitment, which may either be a Base Rate Loan or a Eurodollar Loan. 

“S&P” shall mean Standard & Poor’s, a Standard & Poor’s Financial Services LLC
business. 
 “Sanctioned Country” shall mean, at any time, a country, region or territory that is, or whose
government is, the subject or target of any Sanctions. 
 “Sanctioned Person” shall mean, at any time, (i) any
Person listed in any Sanctions-related list of designated Persons maintained by OFAC, the U.S. Department of State, the United Nations Security Council, the European Union or any EU member state, (ii) any Person located, organized or resident
in a Sanctioned Country, (iii) any Person owned or controlled by any such Person or (iv) any Person otherwise the subject of any Sanctions. 

“Sanctions” shall mean economic or financial sanctions or trade embargoes administered or enforced from time to time
by (i) the U.S. government, including those administered by OFAC or the U.S. Department of State or (ii) the United Nations Security Council, the European Union, any EU Member State or Her Majesty’s Treasury of the United Kingdom.

 “Screen Rate” shall mean the rate specified in clause (i) of the definition of Adjusted LIBO Rate. 

“Security Agreement” shall mean the security agreement in the form of Exhibit 5.12. 

“SOFR” with respect to any day means a rate per annum equal to the secured overnight financing rate published for such
day by the Federal Reserve Bank of New York, as the administrator of the benchmark, (or a successor administrator) on the Federal Reserve Bank of New York’s Website. 

  
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 “Solvent” shall mean, with respect to any Person on a particular
date, that on such date (a) the fair value of the property of such Person is greater than the total amount of liabilities, including subordinated and contingent liabilities, of such Person; (b) the present fair saleable value of the assets
of such Person is not less than the amount that will be required to pay the probable liability of such Person on its debts and liabilities, including subordinated and contingent liabilities as they become absolute and matured; (c) such Person
does not intend to, and does not believe that it will, incur debts or liabilities beyond such Person’s ability to pay as such debts and liabilities mature; and (d) such Person is not engaged in a business or transaction, and is not about
to engage in a business or transaction, for which such Person’s property would constitute an unreasonably small capital. The amount of contingent liabilities (such as litigation, guaranties and pension plan liabilities) at any time shall be
computed as the amount that, in light of all the facts and circumstances existing at the time, represents the amount that would reasonably be expected to become an actual or matured liability. 

“Specified Asset” shall mean that certain asset disclosed to the Administrative Agent and Lenders prior to the
Effective Date. 
 “Specified Event of Default” shall mean an Event of Default arising under
Section 8.1(a), (b), (h) or (i). 
 “Specified Loan Party” shall mean
each Loan Party that is, at the time on which the relevant Guarantee or grant of the relevant security interest under the Loan Documents by such Loan Party becomes effective with respect to a Swap Obligation, a corporation, partnership,
proprietorship, organization, trust or other entity that would not be an “eligible contract participant” under the Commodity Exchange Act at such time but for the “keepwell” provision in Section 24 of the Guarantee Agreement
and Section 24 of the Borrower Guarantee Agreement. 
 “Specified Representations” shall mean the
representations of the Loan Parties contained in Sections 4.1, 4.2, 4.3(a), 4.3(b), 4.6 (insofar as it relates to the execution, delivery and performance of the Loan Documents), 4.7, 4.9, 4.15,
4.16 and 4.17. 
 “Subsidiary” shall mean, with respect to any Person (the
“parent”), any corporation, partnership, joint venture, limited liability company, association or other entity the accounts of which would be consolidated with those of the parent in the parent’s consolidated financial
statements if such financial statements were prepared in accordance with GAAP as of such date, as well as any other corporation, partnership, joint venture, limited liability company, association or other entity of which securities or other
ownership interests representing more than fifty percent (50.0%) of the equity or more than fifty percent (50.0%) of the ordinary voting power, or in the case of a partnership, more than fifty percent (50.0%) of the general partnership interests
are, as of such date, owned, controlled or held, by the parent or one or more subsidiaries of the parent or by the parent and one or more subsidiaries of the parent. Unless otherwise indicated, all references to “Subsidiary” hereunder
shall mean a Subsidiary of Holdings. 
 “Subsidiary Loan Party” shall mean any Subsidiary (other than a Foreign
Subsidiary) that is party to the Guarantee Agreement (whether as original party thereto or by subsequent joinder thereto). 

“Swap Obligations” shall mean with respect to any Guarantor, any obligation to pay or perform under any agreement,
contract or transaction that constitutes a “swap” within the meaning of Section 1a(47) of the Commodity Exchange Act. 

  
 30 

 “Swingline Commitment” shall mean the commitment of the Swingline
Lender to make Swingline Loans in an aggregate principal amount at any time outstanding not to exceed $25,000,000. 

“Swingline Exposure” shall mean, with respect to each Lender, the principal amount of the Swingline Loans in which
such Lender is legally obligated either to make a Base Rate Loan or to purchase a participation in accordance with Section 2.7, which shall equal such Lender’s Pro Rata Share of all outstanding Swingline Loans. 

“Swingline Lender” shall mean Truist Bank in its capacity as provider of Swingline Loans hereunder. 

“Swingline Loan” shall mean a loan made to the Borrower by the Swingline Lender under the Swingline Commitment. 

“Swingline Rate” shall mean, for any Interest Period, the rate as offered by the Administrative Agent and accepted by
the Borrower. The Borrower is under no obligation to accept this rate and the Administrative Agent is under no obligation to provide it. 

“Taxes” shall mean any and all present or future taxes, levies, imposts, duties, deductions, charges or withholdings
imposed by any Governmental Authority. 
 “Termination Date” shall mean the earlier of (a) December 31,
2020 and (b) the date on which the Borrower delivers written notice to the Administrative Agent that it has determined to abandon the Restructuring. 

“Term Loans” shall mean any term loan made by a Lender to the Borrower pursuant to
Section 2.25 or Section 2.27. 
 “Term SOFR” shall mean the
forward-looking term rate based on SOFR that has been selected or recommended by the Relevant Governmental Body. 
 “Total Net
Debt to EBITDA Ratio” shall mean, at any date of determination, the ratio of (a) the sum of (i) Consolidated Total Debt as of such date minus (ii) Unrestricted Cash in an aggregate amount not to exceed at
any time the aggregate amount of unrestricted cash of Holdings, the Borrower and its Restricted Subsidiaries on deposit with, or otherwise held by, any Lenders or Affiliate thereof (including, for the avoidance of doubt, cash in accounts that are
subject to an account control agreement in favor of the Administrative Agent) to (b) Consolidated EBITDA for the four consecutive Fiscal Quarters ending on such date. 

“Transaction Documents” shall mean, collectively, the Loan Documents and the Loan Facility Documents. 

“Treasury Management Obligations” shall mean, collectively, (a) any treasury or other cash management services,
including deposit accounts, automated clearing house (ACH) origination and other funds transfer, depository (including cash vault and check deposit), zero balance accounts and sweeps, return items processing, controlled disbursement accounts,
positive pay, lockboxes and lockbox accounts, account reconciliation and information reporting, payables outsourcing, payroll processing, trade finance services, investment accounts, securities accounts and supply chain financing, and (b) card
services, including credit cards (including purchasing cards and commercial cards), prepaid cards, including payroll, stored value and gift cards, merchant services processing, and debit card services. 

  
 31 

 “Trigger Event” shall mean that (a) the Total Net Debt to
EBITDA Ratio for the period of four Fiscal Quarters most recently ended, as calculated in the most recently delivered Compliance Certificate pursuant to Section 5.1(c), exceeds 1.25 to 1.0 or (b) a Trigger Event (as
defined in the Loan Facility Agreement) under the Loan Facility Agreement has occurred. 
 “Type”, when used in
reference to a Loan or Borrowing, refers to whether the rate of interest on such Loan, or on the Loans comprising such Borrowing, is determined by reference to the Adjusted LIBO Rate or the Base Rate. 

“UK Financial Institution” shall mean any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended
from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which
includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms. 

“UK Resolution Authority” shall mean the Bank of England or any other public administrative authority having
responsibility for the resolution of any UK Financial Institution. 
 “Unadjusted Benchmark Replacement” shall mean
the Benchmark Replacement excluding the Benchmark Replacement Adjustment. 
 “Uniform Commercial Code” or
“UCC” shall mean the Uniform Commercial Code as in effect from time to time in the State of New York. 

“United States” or “U.S.” shall mean the United
States of America. 
 “Unrestricted Cash” shall mean, as of any date of determination, the aggregate amount (without
duplication) of cash and Cash Equivalents of Holdings, the Borrower and its Restricted Subsidiaries to the extent the same would be reflected on a consolidated balance sheet of Holdings and its Restricted Subsidiaries if the same were prepared as of
such date; provided, that, “Unrestricted Cash” of Foreign Subsidiaries shall be net of repatriation costs. 

“Unrestricted Subsidiary” shall mean, collectively, each Subsidiary designated by the Borrower as an Unrestricted
Subsidiary pursuant to Section 5.14. 
 “Withdrawal Liability” shall mean liability to a
Multiemployer Plan as a result of a complete or partial withdrawal from such Multiemployer Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA. 

“Write-Down and Conversion Powers” shall mean (a) with respect to any EEA Resolution Authority, the write-down
and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule and (b) with respect to the United Kingdom, any powers of the applicable Resolution Authority under the Bail-In Legislation to cancel,
reduce, modify or change the form of a liability of any UK Financial Institution or any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that person or any
other person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability or any of the powers under that
Bail-In Legislation that are related to or ancillary to any of those powers. 

  
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 Section 1.2 Classifications of Loans and Borrowings.
For purposes of this Agreement, Loans may be classified and referred to by Class (e.g. a “Revolving Loan” or “Term Loan”) or by Type (e.g. a “Eurodollar Loan” or “Base Rate Loan”) or by Class and Type
(e.g. “Revolving Eurodollar Loan”). Borrowings also may be classified and referred to by Class (e.g. “Revolving Borrowing”) or by Type (e.g. “Eurodollar Borrowing”) or by Class and Type (e.g. “Revolving
Eurodollar Borrowing”). 
 Section 1.3 Accounting Terms and Determination. 

(a) Unless otherwise defined or specified herein, all accounting terms used herein shall be interpreted, all accounting
determinations hereunder shall be made, and all financial statements required to be delivered hereunder shall be prepared, in accordance with GAAP as in effect from time to time, applied on a basis consistent with the most recent audited
consolidated financial statement of Holdings delivered pursuant to Section 5.1(a); provided, that if the Borrower notifies the Administrative Agent that the Borrower wishes to amend any covenant in Article VI
to eliminate the effect of any change in GAAP on the operation of such covenant (or if the Administrative Agent notifies the Borrower that the Required Lenders wish to amend Article VI for such purpose), then the Borrower’s compliance
with such covenant shall be determined on the basis of GAAP in effect immediately before the relevant change in GAAP became effective, until either such notice is withdrawn or such covenant is amended in a manner satisfactory to the Borrower and the
Required Lenders. 
 (b) Notwithstanding any other provision contained herein, (i) all terms of an accounting or
financial nature used herein shall be construed, and all computations of amounts and ratios referred to herein shall be made, without giving effect to any election under Accounting Standards Codification
Section 825-10 (or any other Financial Accounting Standard having a similar result or effect) to value any Indebtedness or other liabilities of any Loan Party or any Restricted Subsidiary of any Loan
Party at “fair value”, as defined therein and (ii) all liability amounts shall be determined excluding any liability relating to any operating lease, all asset amounts shall be determined excluding any
right-of-use assets relating to any operating lease, all amortization amounts shall be determined excluding any amortization of a right-of-use asset relating to any operating lease, and all interest amounts shall be determined excluding any deemed interest comprising a portion of fixed rent payable under any operating lease, in
each case to the extent that such liability, asset, amortization or interest pertains to an operating lease under which the covenantor or a member of its consolidated group is the lessee and would not have been accounted for as such under GAAP as in
effect on December 31, 2015. 
 (c) Notwithstanding the above, the parties hereto acknowledge and agree that all
calculations of the financial covenants in Article VI (including for purposes of determining the Applicable Margin and the Applicable Percentage and any transaction that by the terms of this Agreement requires that any financial covenant
contained in Article VI be calculated on a Pro Forma Basis) shall be made on a Pro Forma Basis with respect to (a) sales, leases, transfers and/or involuntary dispositions of property in any period of twelve months with an aggregate fair
market value in excess of $15,000,000, (b) any Acquisition, (c) any incurrence of any Incremental Term Loan and/or Incremental Revolving Commitment, (d) any determination of whether a Domestic Subsidiary qualifies as a “Material
Subsidiary” pursuant to the definition of “Material Domestic Subsidiary” or (e) any payment of a Restricted Payment occurring during such period. 

  
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 Section 1.4 Terms Generally. The definitions of
terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”,
“includes” and “including” shall be deemed to be followed by the phrase “without limitation”. The word “will” shall be construed to have the same meaning and effect as the word “shall”. In the
computation of periods of time from a specified date to a later specified date, the word “from” means “from and including” and the word “to” means “to but excluding”. Unless the context requires otherwise
(i) any definition of or reference to any agreement, instrument or other document herein shall be construed as referring to such agreement, instrument or other document as it was originally executed or as it may from time to time be amended,
restated, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth herein), (ii) any reference herein to any Person shall be construed to include such Person’s successors and
permitted assigns, (iii) the words “hereof”, “herein” and “hereunder” and words of similar import shall be construed to refer to this Agreement as a whole and not to any particular provision hereof, (iv) all
references to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles, Sections, Exhibits and Schedules to this Agreement and (v) all references to a specific time shall be construed to refer to the time in
the city and state of the Administrative Agent’s principal office, unless otherwise indicated. 
 Section 1.5
Letter of Credit Amounts. Unless otherwise specified herein, the amount of a Letter of Credit at any time shall be deemed to be the stated amount of such Letter of Credit in effect at such time; provided,
however, that with respect to any Letter of Credit that, by its terms or the terms of any LC Document related thereto, provides for one or more automatic increases in the stated amount thereof, the amount of such Letter of Credit shall be
deemed to be the maximum stated amount of such Letter of Credit after giving effect to all such increases, whether or not such maximum stated amount is in effect at such time. 

Section 1.6 Times of Day. Unless otherwise specified, all references herein to times of
day shall be references to Eastern time (daylight or standard, as applicable). 
 ARTICLE II. 

AMOUNT AND TERMS OF THE COMMITMENTS 

Section 2.1 General Description of Facilities. Subject to and upon the terms and conditions
herein set forth, (i) the Lenders hereby establish in favor of the Borrower a revolving credit facility pursuant to which the Lenders severally agree (to the extent of each Lender’s Revolving Commitment) to make Revolving Loans to the
Borrower in accordance with Section 2.2, (ii) the Issuing Banks may issue Letters of Credit in accordance with Section 2.24, (iii) the Swingline Lender may make Swingline Loans in accordance with
Section 2.4, and (iv) each Lender agrees to purchase a participation interest in the Letters of Credit and the Swingline Loans pursuant to the terms and conditions hereof; provided, that in no event shall the
aggregate principal amount of all outstanding Revolving Loans, Swingline Loans and outstanding LC Exposure exceed at any time the Aggregate Revolving Commitments from time to time in effect. 

  
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 Section 2.2 Revolving Loans. Subject
to the terms and conditions set forth herein, each Lender severally agrees to make Revolving Loans in Dollars, ratably in proportion to its Pro Rata Share of the Revolving Commitments, to the Borrower, from time to time during the Availability
Period, in an aggregate principal amount outstanding at any time that will not result in (i) such Lender’s Revolving Credit Exposure exceeding such Lender’s Revolving Commitment, or (ii) the sum of the aggregate Revolving Credit
Exposures of all Lenders exceeding the Aggregate Revolving Commitments. During the Availability Period, the Borrower shall be entitled to borrow, prepay and reborrow Revolving Loans in accordance with the terms and conditions of this Agreement;
provided, that the Borrower may not borrow or reborrow should there exist a Default or Event of Default. 

Section 2.3 Procedure for Revolving Borrowings. The Borrower shall give the Administrative
Agent written notice (or telephonic notice promptly confirmed in writing) of each Revolving Borrowing substantially in the form of Exhibit 2.3 attached hereto (a “Notice of Revolving Borrowing”) (x) prior to 11:00 a.m.
on the requested date of each Base Rate Borrowing and (y) prior to 11:00 a.m. three (3) Business Days prior to the requested date of each Eurodollar Borrowing. Each Notice of Revolving Borrowing shall be irrevocable and shall specify:
(i) the aggregate principal amount of such Borrowing, (ii) the date of such Borrowing (which shall be a Business Day), (iii) the Type of such Revolving Loan comprising such Borrowing and (iv) in the case of a Eurodollar Borrowing, the
duration of the initial Interest Period applicable thereto (subject to the provisions of the definition of “Interest Period”). Each Revolving Borrowing shall consist entirely of Base Rate Loans or Eurodollar Loans, as the Borrower may
request. The aggregate principal amount of each Eurodollar Borrowing shall be not less than $1,000,000 or a larger multiple of $500,000, and the aggregate principal amount of each Base Rate Borrowing shall not be less than $1,000,000 or a larger
multiple of $100,000; provided, that Base Rate Loans made pursuant to Section 2.5 or Section 2.24(d) may be made in lesser amounts as provided therein. At no time shall the total number of
Eurodollar Borrowings outstanding at any time exceed twelve. Promptly following the receipt of a Notice of Revolving Borrowing in accordance herewith, the Administrative Agent shall advise each Lender of the details thereof and the amount of such
Lender’s Revolving Loan to be made as part of the requested Revolving Borrowing. 
 Section 2.4
Swingline Commitment. Subject to the terms and conditions set forth herein, the Swingline Lender agrees to make Swingline Loans to the Borrower in Dollars, from time to time during the Availability Period, in an
aggregate principal amount outstanding at any time not to exceed the lesser of (i) the Swingline Commitment then in effect and (ii) the difference between the Aggregate Revolving Commitments and the aggregate Revolving Credit Exposures of
all Lenders; provided, that the Swingline Lender shall not be required to make a Swingline Loan to refinance an outstanding Swingline Loan. The Borrower shall be entitled to borrow, repay and reborrow Swingline Loans in accordance with the
terms and conditions of this Agreement. 
 Section 2.5 [Reserved]. 

Section 2.6 Procedure for Borrowing of Swingline Loans; Etc. 

(a) Except in connection with any Auto Borrow Agreement, the Borrower shall give the Administrative Agent written notice (or
telephonic notice promptly confirmed in writing) of each Swingline Borrowing (“Notice of Swingline Borrowing”) prior to 10:00 a.m. on the requested date of each Swingline Borrowing. Each Notice of Swingline Borrowing shall be
irrevocable and shall specify: (i) the principal amount of such Swingline Loan, (ii) the date of such Swingline Loan (which shall be a Business Day) and (iii) the account of the Borrower to which the proceeds of such Swingline Loan
should be credited. The Administrative Agent will promptly advise the Swingline Lender of each Notice of Swingline Borrowing. Each Swingline Loan shall accrue interest at the Swingline Rate or any other interest rate as agreed between the Borrower
and the Swingline Lender and shall have an Interest Period (subject to the definition thereof) as agreed between the Borrower 

  
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and the Swingline Lender. The aggregate principal amount of each Swingline Loan shall be not less than $100,000 or a larger multiple of $50,000, or such other minimum or maximum amounts
agreed to by the Swingline Lender and the Borrower. The Swingline Lender will make the proceeds of each Swingline Loan available to the Borrower in Dollars in immediately available funds at the account specified by the Borrower in the applicable
Notice of Swingline Borrowing not later than 1:00 p.m. on the requested date of such Swingline Loan. The Administrative Agent will notify the Lenders on a quarterly basis if any Swingline Loans occurred during such quarter. 

(b) The Swingline Lender, at any time and from time to time in its sole discretion, may, on behalf of the Borrower (which
hereby irrevocably authorizes and directs the Swingline Lender to act on its behalf), give a Notice of Revolving Borrowing to the Administrative Agent requesting the Lenders (including the Swingline Lender) to make Base Rate Loans in an amount equal
to the unpaid principal amount of any Swingline Loan. Each Lender will make the proceeds of its Base Rate Loan included in such Borrowing available to the Administrative Agent for the account of the Swingline Lender in accordance with
Section 2.6, which will be used solely for the repayment of such Swingline Loan. 
 (c) If for any
reason a Base Rate Borrowing may not be (as determined in the sole discretion of the Administrative Agent), or is not, made in accordance with the foregoing provisions, then each Lender (other than the Swingline Lender) shall purchase an undivided
participating interest in such Swingline Loan in an amount equal to its Pro Rata Share thereof on the date that such Base Rate Borrowing should have occurred. On the date of such required purchase, each Lender shall promptly transfer, in immediately
available funds, the amount of its participating interest to the Administrative Agent for the account of the Swingline Lender. If such Swingline Loan bears interest at a rate other than the Base Rate, such Swingline Loan shall automatically become a
Base Rate Loan on the effective date of any such participation and interest shall become payable on demand. 
 (d) Each
Lender’s obligation to make a Base Rate Loan pursuant to Section 2.6(b) or to purchase the participating interests pursuant to Section 2.6(c) shall be absolute and unconditional and shall not
be affected by any circumstance, including without limitation (i) any setoff, counterclaim, recoupment, defense or other right that such Lender or any other Person may have or claim against the Swingline Lender, the Borrower or any other Person
for any reason whatsoever, (ii) the existence of a Default or an Event of Default or the termination of any Lender’s Revolving Commitment, (iii) the existence (or alleged existence) of any event or condition which has had or could
reasonably be expected to have a Material Adverse Effect, (iv) any breach of this Agreement or any other Loan Document by any Loan Party, the Administrative Agent or any Lender or (v) any other circumstance, happening or event whatsoever,
whether or not similar to any of the foregoing. If such amount is not in fact made available to the Swingline Lender by any Lender, the Swingline Lender shall be entitled to recover such amount on demand from such Lender, together with accrued
interest thereon for each day from the date of demand thereof at the Federal Funds Rate. Until such time as such Lender makes its required payment, the Swingline Lender shall be deemed to continue to have outstanding Swingline Loans in the amount of
the unpaid participation for all purposes of the Loan Documents. In addition, such Lender shall be deemed to have assigned any and all payments made of principal and interest on its Loans and any other amounts due to it hereunder, to the Swingline
Lender to fund the amount of such Lender’s participation interest in such Swingline Loans that such Lender failed to fund pursuant to this Section 2.6, until such amount has been purchased in full. 

  
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 (e) In order to facilitate the borrowing of Swingline Loans, the Borrower
and the Swingline Lender may mutually agree to, and are hereby authorized to, enter into an auto borrow agreement in form and substance reasonably satisfactory to the Swingline Lender and the Administrative Agent (the “Auto Borrow
Agreement”) providing for the automatic advance by the Swingline Lender of Swingline Loans under the conditions set forth in the Auto Borrow Agreement, subject to the conditions set forth herein. At any time an Auto Borrow
Agreement is in effect, advances under the Auto Borrow Agreement shall be deemed Swingline Loans for all purposes hereof, except that Borrowings of Swingline Loans under the Auto Borrow Agreement shall be made in accordance with the Auto Borrow
Agreement. For purposes of determining the aggregate Revolving Credit Exposure of all Lenders at any time during which an Auto Borrow Agreement is in effect, the outstanding amount of all Swingline Loans shall be deemed to be the sum of the
outstanding amount of Swingline Loans at such time plus the maximum amount available to be borrowed under such Auto Borrow Agreement at such time. 

Section 2.7 Funding of Borrowings. 

(a) Each Lender will make available each Loan to be made by it hereunder on the proposed date thereof by wire transfer in
immediately available funds by 11:00 a.m. to the Administrative Agent at the Payment Office; provided, that the Swingline Loans will be made as set forth in Section 2.6. The Administrative Agent will make such Loans
available to the Borrower by promptly crediting the amounts that it receives, in like funds by the close of business on such proposed date, to an account maintained by the Borrower with the Administrative Agent or at the Borrower’s option, by
effecting a wire transfer of such amounts to an account designated by the Borrower to the Administrative Agent. 
 (b) Unless
the Administrative Agent shall have been notified by any Lender prior to 5:00 p.m. one (1) Business Day prior to the date of a Borrowing in which such Lender is participating that such Lender will not make available to the Administrative Agent
such Lender’s share of such Borrowing, the Administrative Agent may assume that such Lender has made such amount available to the Administrative Agent on such date, and the Administrative Agent, in reliance on such assumption, may make
available to the Borrower on such date a corresponding amount. If such corresponding amount is not in fact made available to the Administrative Agent by such Lender on the date of such Borrowing, the Administrative Agent shall be entitled to recover
such corresponding amount on demand from such Lender together with interest at the Federal Funds Rate for up to two (2) days and thereafter at the rate specified for such Borrowing. If such Lender does not pay such corresponding amount
forthwith upon the Administrative Agent’s demand therefor, the Administrative Agent shall promptly notify the Borrower, and the Borrower shall immediately pay such corresponding amount to the Administrative Agent together with interest at the
rate specified for such Borrowing. Nothing in this Section 2.7(b) shall be deemed to relieve any Lender from its obligation to fund its Pro Rata Share of any Borrowing hereunder or to prejudice any rights which the Borrower
may have against any Lender as a result of any default by such Lender hereunder. 
 (c) All Borrowings shall be made by the
Lenders on the basis of their respective Pro Rata Shares. No Lender shall be responsible for any default by any other Lender in its obligations hereunder, and each Lender shall be obligated to make its Loans provided to be made by it hereunder,
regardless of the failure of any other Lender to make its Loans hereunder. 

  
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 Section 2.8 Interest Elections. 

(a) Each Borrowing initially shall be of the Type specified in the applicable Notice of Borrowing, and in the case of a
Eurodollar Borrowing, shall have an initial Interest Period as specified in such Notice of Borrowing. Thereafter, the Borrower may elect to convert such Borrowing into a different Type or to continue such Borrowing, and in the case of a Eurodollar
Borrowing, may elect Interest Periods therefor, all as provided in this Section 2.8. The Borrower may elect different options with respect to different portions of the affected Borrowing, in which case each such portion
shall be allocated ratably among the Lenders holding Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. This Section 2.8 shall not apply to Swingline
Borrowings, which may not be converted or continued. 
 (b) To make an election pursuant to this
Section 2.8, the Borrower shall give the Administrative Agent prior written notice (or telephonic notice promptly confirmed in writing) of each Borrowing substantially in the form of Exhibit 2.8 attached hereto (a
“Notice of Conversion/Continuation”) that is to be converted or continued, as the case may be, (x) prior to 11:00 a.m. one (1) Business Day prior to the requested date of a conversion into a Base Rate Borrowing and
(y) prior to 11:00 a.m. three (3) Business Days prior to a continuation of or conversion into a Eurodollar Borrowing. Each such Notice of Conversion/Continuation shall be irrevocable and shall specify (i) the Borrowing to which such
Notice of Conversion/Continuation applies and if different options are being elected with respect to different portions thereof, the portions thereof that are to be allocated to each resulting Borrowing (in which case the information to be specified
pursuant to Section 2.8(b)(iii) and Section 2.8(b)(iv) shall be specified for each resulting Borrowing); (ii) the effective date of the election made pursuant to such Notice of
Conversion/Continuation, which shall be a Business Day, (iii) whether the resulting Borrowing is to be a Base Rate Borrowing or a Eurodollar Borrowing; and (iv) if the resulting Borrowing is to be a Eurodollar Borrowing, the Interest
Period applicable thereto after giving effect to such election, which shall be a period contemplated by the definition of “Interest Period”. If any such Notice of Conversion/Continuation requests a Eurodollar Borrowing but does not specify
an Interest Period, the Borrower shall be deemed to have selected an Interest Period of one month. The principal amount of any resulting Borrowing shall satisfy the minimum borrowing amount for Eurodollar Borrowings and Base Rate Borrowings set
forth in Section 2.3. 
 (c) If, on the expiration of any Interest Period in respect of any
Eurodollar Borrowing, the Borrower shall have failed to deliver a Notice of Conversion/Continuation, then, unless such Borrowing is repaid as provided herein, the Borrower shall be deemed to have elected to convert such Borrowing to a Base Rate
Borrowing. No Borrowing may be converted into, or continued as, a Eurodollar Borrowing if a Default or an Event of Default exists, unless the Administrative Agent and each of the Lenders shall have otherwise consented in writing. No conversion of
any Eurodollar Loans shall be permitted except on the last day of the Interest Period in respect thereof. 
 (d) Upon receipt
of any Notice of Conversion/Continuation, the Administrative Agent shall promptly notify each Lender of the details thereof and of such Lender’s portion of each resulting Borrowing. 

  
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 Section 2.9 Optional Reduction and Termination of
Commitments. 
 (a) Unless previously terminated, all Revolving Commitments and the Swingline Commitment shall
terminate on the Revolving Commitment Termination Date. 
 (b) Upon at least three (3) Business Days’ prior written
notice (or telephonic notice promptly confirmed in writing) to the Administrative Agent (which notice shall be irrevocable), the Borrower may reduce the Aggregate Revolving Commitments in part or terminate the Aggregate Revolving Commitments in
whole; provided, that (i) any partial reduction shall apply to reduce proportionately and permanently the Revolving Commitment of each Lender, (ii) any partial reduction pursuant to this Section 2.9 shall
be in an amount of at least $5,000,000 and any larger multiple of $1,000,000, and (iii) no such reduction shall be permitted which would reduce the Aggregate Revolving Commitments to an amount less than the aggregate outstanding Revolving
Credit Exposures of all Lenders. Any such reduction in the Aggregate Revolving Commitments shall result in a proportionate reduction (rounded to the next lowest integral multiple of $100,000) in the Swingline Commitment and the LC Sublimit. 

Section 2.10 Repayment of Loans. 

(a) The outstanding principal amount of all Revolving Loans made by the Lenders pursuant to
Section 2.2 shall be due and payable by Borrower (together with accrued and unpaid interest thereon) on the Revolving Commitment Termination Date. 

(b) The principal amount of each Swingline Borrowing shall be due and payable (together with accrued interest thereon) on the
earlier of (i) the last day of the Interest Period applicable to such Borrowing and (ii) the Revolving Commitment Termination Date. 

(c) The Borrower unconditionally promises to pay to the Administrative Agent, for the account of each applicable Lender, the
unpaid principal amount of the Incremental Term Loans of such Lender in installments payable on the dates set forth in the definitive documentation therefor (and on such other date(s) and in such other amounts as may be required from time to time
pursuant to this Agreement). 
 Section 2.11 Evidence of Indebtedness. 

(a) Each Lender shall maintain in accordance with its usual practice appropriate records evidencing the Indebtedness of the
Borrower to such Lender resulting from each Loan made by such Lender from time to time, including the amounts of principal and interest payable thereon and paid to such Lender from time to time under this Agreement. The Administrative Agent shall
maintain appropriate records in which shall be recorded (i) the Revolving Commitment of each Lender, (ii) the amount of each Loan made hereunder by each Lender, the Class and Type thereof and, in the case of each
Eurodollar Loan, the Interest Period applicable thereto, (iii) the date of each continuation thereof pursuant to Section 2.8, (iv) the date of each conversion of all or a portion thereof to another Type pursuant to
Section 2.8, (v) the date and amount of any principal or interest due and payable or to become due and payable from the Borrower to each Lender hereunder in respect of such Loans and (vi) both the date and amount of
any sum received by the Administrative Agent hereunder from the Borrower in respect of the Loans and each Lender’s Pro Rata Share thereof. The entries made in such records shall be prima facie evidence of the existence and amounts of the
obligations of the Borrower therein recorded; provided, that the failure or delay of any Lender or the Administrative Agent in maintaining or making entries into any such record or any error therein shall not in any manner affect the
obligation of the Borrower to repay the Loans (both principal and unpaid accrued interest) of such Lender in accordance with the terms of this Agreement. 

  
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 (b) This Agreement evidences the obligation of the Borrower to repay the
Loans and is being executed as a “noteless” credit agreement. However, at the request of any Lender (including the Swingline Lender) at any time, the Borrower agrees that it will prepare, execute and deliver to such Lender a promissory
note payable to such Lender (or, if requested by such Lender, to such Lender and its registered assigns) and in a form approved by the Borrower and the Administrative Agent. Thereafter, the Loans evidenced by such promissory note and interest
thereon shall at all times (including after assignment permitted hereunder) be represented by one or more promissory notes in such form payable to the payee named therein (or to such payee and its registered assigns). 

Section 2.12 Optional Prepayments. 

The Borrower shall have the right at any time and from time to time to prepay any Borrowing, in whole or in part, without premium or penalty,
by giving irrevocable written notice (or telephonic notice promptly confirmed in writing) to the Administrative Agent no later than (i) in the case of prepayment of any Eurodollar Borrowing, 11:00 a.m. not less than three (3) Business Days
prior to any such prepayment, (ii) in the case of any prepayment of any Base Rate Borrowing, not less than one Business Day prior to the date of such prepayment, and (iii) in the case of Swingline Borrowings, 11:00 a.m. on the date of such
prepayment. Each such notice shall be irrevocable and shall specify the proposed date of such prepayment and the principal amount of each Borrowing or portion thereof to be prepaid. Upon receipt of any such notice, the Administrative Agent shall
promptly notify each affected Lender of the contents thereof and of such Lender’s Pro Rata Share of any such prepayment. If such notice is given, the aggregate amount specified in such notice shall be due and payable on the date designated in
such notice, together with accrued interest to such date on the amount so prepaid in accordance with Section 2.14(d); provided, that if a Eurodollar Borrowing is prepaid on a date other than the last day of an
Interest Period applicable thereto, the Borrower shall also pay all amounts required pursuant to Section 2.20. Each partial prepayment of any Loan (other than a Swingline Loan) shall be in an amount not less than $1,000,000
and in integral multiples of $500,000. Each prepayment of a Borrowing shall be applied ratably to the Loans comprising such Borrowing and in the case of a prepayment of any Incremental Term Loan, ratably to all outstanding Incremental Term Loans,
and to the scheduled principal installments thereof in direct order of maturity. 
 Section 2.13 Mandatory
Prepayments. 
 If at any time the Revolving Credit Exposure of all Lenders exceeds the Aggregate Revolving Commitments at such time,
as reduced pursuant to Section 2.9 or otherwise, by no later than the following Business Day, the Borrower shall repay Swingline Loans and Revolving Loans in an amount equal to such excess, together with all accrued and
unpaid interest on such excess amount and any amounts due under Section 2.20. Each such prepayment shall be applied ratably first to the Swingline Loans to the full extent thereof, then to the Revolving Base Rate Loans to
the full extent thereof, and finally to Revolving Eurodollar Loans to the full extent thereof. If after giving effect to prepayment of all Swingline Loans and Revolving Loans, the Revolving Credit Exposure of all Lenders exceeds the Aggregate
Revolving Commitments at such time, the Borrower shall Cash Collateralize its reimbursement obligations with respect to all Letters of Credit in an amount equal to such excess plus any accrued and unpaid fees thereon. 

  
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 Section 2.14 Interest on Loans. 

(a) The Borrower shall pay interest with respect to the Revolving Loans made to the Borrower pursuant to
Section 2.2: (i) on each Base Rate Loan at the Base Rate plus the Applicable Margin in effect from time to time and (ii) on each Eurodollar Loan at the Adjusted LIBO Rate for the applicable Interest Period in effect
for such Loan plus the Applicable Margin in effect from time to time. 
 (b) The Borrower shall pay interest on each
Swingline Loan at the Swingline Rate in effect from time to time. 
 (c) If an Event of Default has occurred and is
continuing, at the option of the Required Lenders, or automatically in the case of an Event of Default under Sections 8.1(a), (g) or (h), the Borrower shall pay interest (“Default Interest”) with respect
to all Eurodollar Loans at the rate otherwise applicable for the then-current Interest Period plus an additional two percent (2%) per annum until the last day of such Interest Period, and thereafter, and with respect to all Base Rate Loans
(including all Swingline Loans) and all other Obligations hereunder (other than Loans), at an all-in rate in effect for Base Rate Loans plus an additional two percent (2%) per annum. 

(d) Interest on the principal amount of all Loans shall accrue from and including the date such Loans are made to but excluding
the date of any repayment thereof. Interest on all outstanding Base Rate Loans shall be payable quarterly in arrears on the last day of each March, June, September and December and on the Revolving Commitment Termination Date. Interest on all
outstanding Eurodollar Loans shall be payable on the last day of each Interest Period applicable thereto, and, in the case of any Eurodollar Loans having an Interest Period in excess of three (3) months or ninety (90) days, respectively,
on each day which occurs every three (3) months or ninety (90) days, as the case may be, after the initial date of such Interest Period, and on the Revolving Commitment Termination Date. Interest on each Swingline Loan shall be payable on
the maturity date of such Loan, which shall be the last day of the Interest Period applicable thereto, and on the Revolving Commitment Termination Date. Interest on any Loan which is converted into a Loan of another Type or which is repaid or
prepaid shall be payable on the date of such conversion or on the date of any such repayment or prepayment (on the amount repaid or prepaid) thereof. All Default Interest shall be payable on demand. 

(e) The Administrative Agent shall determine each interest rate applicable to the Loans hereunder and shall promptly notify the
Borrower and the Lenders of such rate in writing (or by telephone, promptly confirmed in writing). Any such determination shall be conclusive and binding for all purposes, absent manifest error. 

Section 2.15 Fees. 

(a) The Borrower shall pay to the Administrative Agent for its own account fees in the amounts and at the times agreed upon by
the Borrower and the Administrative Agent in the Fee Letters. The Borrower shall pay all fees and other amounts separately agreed in writing that are due and payable on or prior to the Funding Availability Date. 

  
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 (b) Commitment Fee. The Borrower agrees to pay to the Administrative
Agent for the account of each Lender a commitment fee, which shall accrue at the Applicable Percentage (determined daily in accordance with Schedule 1.1(a)) on the daily amount of the unused Revolving Commitment of such Lender during the
Availability Period. For purposes of computing commitment fees with respect to the Revolving Commitments, the Revolving Commitment of each Lender shall be deemed used to the extent of the outstanding Revolving Loans and LC Exposure, but not
Swingline Exposure, of such Lender. 
 (c) Letter of Credit Fees. The Borrower agrees to pay (i) to the
Administrative Agent, for the account of each Lender, a letter of credit fee with respect to its participation in each Letter of Credit, which shall accrue at the Applicable Margin for Eurodollar Revolving Loans then in effect on the average daily
amount of such Lender’s LC Exposure (excluding any portion thereof attributable to unreimbursed LC Disbursements) attributable to such Letter of Credit during the period from and including the date of issuance of such Letter of Credit to but
excluding the date on which such Letter of Credit expires or is drawn in full (including without limitation any LC Exposure that remains outstanding after the Revolving Commitment Termination Date) and (ii) to each Issuing Bank for its own
account a fronting fee with respect to Letters of Credit issued by such Issuing Bank, which shall accrue at the rate of 0.125% per annum on the average daily amount of the LC Exposure (excluding any portion thereof attributable to unreimbursed LC
Disbursements) during the Availability Period (or until the date that such Letter of Credit is irrevocably cancelled, whichever is later), as well as such Issuing Bank’s standard fees with respect to issuance, amendment, renewal or extension of
any Letter of Credit or processing of drawings thereunder. 
 (d) Payments. The fees described in Sections
2.15(b) and 2.15(c) above shall be payable quarterly in arrears on the last day of each March, June, September and December, commencing on December 31, 2020 and on the Revolving Commitment Termination Date (and if later, the date the
Loans and LC Exposure shall be repaid in their entirety). 
 (e) Anything herein to the contrary notwithstanding, during such
period as a Lender is a Defaulting Lender, such Defaulting Lender will not be entitled to commitment fees accruing with respect to its Revolving Commitment during such period pursuant to Section 2.15(b) or letter of credit
fees accruing during such period pursuant to Section 2.15(c) (without prejudice to the rights of the Lenders other than Defaulting Lenders in respect of such fees); provided that (x) to the extent that a portion
of the LC Exposure of such Defaulting Lender is reallocated to the Non-Defaulting Lenders pursuant to Section 2.26, such fees that would have accrued for the benefit of such
Defaulting Lender will instead accrue for the benefit of and be payable to such Non-Defaulting Lenders, pro rata in accordance with their respective Revolving Commitments, and (y) to the extent any
portion of such LC Exposure cannot be so reallocated, such fees will instead accrue for the benefit of and be payable to the applicable Issuing Bank. The pro rata payment provisions of Section 2.22 shall automatically be
deemed adjusted to reflect the provisions of this Section 2.15(e). 
 Section 2.16
Computation of Interest and Fees. 
 All computations of interest and fees hereunder shall be made on the basis of a year
of three hundred sixty (360) days for the actual number of days (including the first day but excluding the last day) occurring in the period for which such interest or fees are payable (to the extent computed on the basis of days elapsed);
provided that interest hereunder based on the Administrative Agent’s prime lending rate shall be computed on the basis of a year of three hundred sixty-five (365) days (or three hundred
sixty-six (366) days in a leap year) and paid for the actual number of days elapsed (including the first day but excluding the last day). Each determination by the Administrative Agent of an interest
amount or fee hereunder shall be made in good faith and, except for manifest error, shall be final, conclusive and binding for all purposes. 

  
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 Section 2.17 Inability to Determine Interest Rates. 

(a) If prior to the commencement of any Interest Period for any Eurodollar Borrowing, 

(i) the Administrative Agent shall have determined (which determination shall be conclusive and binding upon the Borrower,
absent manifest error) that, by reason of circumstances affecting the relevant interbank market, adequate means do not exist for ascertaining LIBOR (including, without limitation, because the Screen Rate is not available or published on a current
basis) for such Interest Period, provided that no Benchmark Transition Event or Early Opt-In Election shall have occurred at such time or for such Interest Period, or 

(ii) the Administrative Agent shall have received notice from the Required Lenders that the Adjusted LIBO Rate does not
adequately and fairly reflect the cost to such Lenders (or Lender, as the case may be) of making, funding or maintaining their (or its, as the case may be) Eurodollar Loans for such Interest Period, 

the Administrative Agent shall give written notice (or telephonic notice, promptly confirmed in writing) to the Borrower and to the Lenders as
soon as practicable thereafter. In the case of Eurodollar Loans, until the Administrative Agent shall notify the Borrower and the Lenders that the circumstances giving rise to such notice no longer exist, (x) the obligations of the Lenders to
make Eurodollar Revolving Loans or to continue or convert outstanding Loans as or into Eurodollar Loans shall be suspended and (y) all such affected Loans shall be converted into Base Rate Loans on the last day of the then current Interest
Period applicable thereto unless the Borrower prepays such Loans in accordance with this Agreement. Unless the Borrower notifies the Administrative Agent at least one (1) Business Day before the date of any Eurodollar Borrowing for which a
Notice of Revolving Borrowing or Notice of Conversion/Continuation has previously been given that it elects not to borrow on such date, then such Borrowing shall be made as a Base Rate Borrowing. 

(b) Notwithstanding anything to the contrary herein or in any other Loan Document, upon the occurrence of a Benchmark Transition Event or an
Early Opt-in Election, as applicable, the Administrative Agent and the Borrower may amend this Agreement to replace the Screen Rate with a Benchmark Replacement. Any such amendment with respect to a Benchmark
Transition Event will become effective at 5:00 p.m. on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all Lenders and the Borrower so long as the Administrative Agent has not received, by such time,
written notice of objection to such amendment from Lenders comprising the Required Lenders of each Class. Any such amendment with respect to an Early Opt-in Election will become effective on the date that
Lenders comprising the Required Lenders of each Class have delivered to the Administrative Agent written notice that such Required Lenders accept such amendment. No replacement of the Screen Rate with a Benchmark Replacement pursuant to these
provisions will occur prior to the applicable Benchmark Transition Start Date. 
 (c) In connection with the implementation of a Benchmark
Replacement, the Administrative Agent will have the right to make Benchmark Replacement Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such
Benchmark Replacement Conforming Changes will become effective without any further action or consent of any other party to this Agreement. 

  
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 (d) The Administrative Agent will promptly notify the Borrower and the Lenders of
(i) any occurrence of a Benchmark Transition Event or an Early Opt-in Election, as applicable, and its related Benchmark Replacement Date and Benchmark Transition Start Date, (ii) the implementation
of any Benchmark Replacement, (iii) the effectiveness of any Benchmark Replacement Conforming Changes and (iv) the commencement or conclusion of any Benchmark Unavailability Period. Any determination, decision or election that may be made
by the Administrative Agent or Lenders pursuant to this Section 2.17(b)-(e), including any determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event,
circumstance or date and any decision to take or refrain from taking any action, will be conclusive and binding absent manifest error and may be made in its or their sole discretion and without consent from any other party hereto, except, in each
case, as expressly required pursuant to this Section 2.17(b)-(e). 
 (e) Upon the Borrower’s receipt of notice of the commencement
of a Benchmark Unavailability Period, the Borrower may revoke any request for a Eurodollar Borrowing of, conversion to or continuation of Eurodollar Loans to be made, converted or continued during any Benchmark Unavailability Period and, failing
that, the Borrower will be deemed to have converted any such request into a request for a Borrowing of or conversion to Base Rate Loans. During any Benchmark Unavailability Period, the component of Base Rate based upon the Adjusted LIBO Rate will
not be used in any determination of Base Rate. 
 Section 2.18 Illegality. If any Change in Law shall
make it unlawful or impossible for any Lender to make, maintain or fund any Eurodollar Loan and such Lender shall so notify the Administrative Agent, the Administrative Agent shall promptly give notice thereof to the Borrower and the other Lenders,
whereupon until such Lender notifies the Administrative Agent and the Borrower that the circumstances giving rise to such suspension no longer exist, the obligation of such Lender to make Eurodollar Loans, or to continue or convert outstanding Loans
as or into Eurodollar Loans, shall be suspended. In the case of the making of a Eurodollar Borrowing, such Lender’s Revolving Loan shall be made as a Base Rate Loan as part of the same Revolving Borrowing for the same Interest Period and if the
affected Eurodollar Loan is then outstanding, such Loan shall be converted to a Base Rate Loan either (a) on the last day of the then current Interest Period applicable to such Eurodollar Loan if such Lender may lawfully continue to maintain
such Loan to such date or (b) immediately if such Lender shall determine that it may not lawfully continue to maintain such Eurodollar Loan to such date. Notwithstanding the foregoing, the affected Lender shall, prior to giving such notice to
the Administrative Agent, designate a different Applicable Lending Office if such designation would avoid the need for giving such notice and if such designation would not otherwise be disadvantageous to such Lender in the good faith exercise of its
discretion. 
 Section 2.19 Increased Costs. 

(a) If any Change in Law shall: 

(i) impose, modify or deem applicable any reserve, special deposit or similar requirement that is not otherwise included in the
determination of the Adjusted LIBO Rate hereunder against assets of, deposits with or for the account of, or credit extended by, any Lender (except any such reserve requirement reflected in the Adjusted LIBO Rate) or any Issuing Bank; or 

  
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 (ii) impose on any Lender or on any Issuing Bank or the eurodollar interbank
market any other condition affecting this Agreement or any Eurodollar Loans made by such Lender or any Letter of Credit or any participation therein; or 

(iii) subject any Lender or Issuing Bank to any Taxes (other than Indemnified Taxes or Excluded Taxes) on its loans, loan
principal, letters of credit, commitments or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto; 

and the result of the foregoing is to increase the cost to such Lender of making, converting into, continuing or maintaining a
Eurodollar Loan or to increase the cost to such Lender or such Issuing Bank of participating in or issuing any Letter of Credit or to reduce the amount received or receivable by such Lender or such Issuing Bank hereunder (whether of principal,
interest or any other amount), then the Borrower shall promptly pay, upon written notice from and demand by such Lender on the Borrower (with a copy of such notice and demand to the Administrative Agent), to the Administrative Agent for the account
of such Lender, within five (5) Business Days after the date of such notice and demand, additional amount or amounts sufficient to compensate such Lender or such Issuing Bank, as the case may be, for such additional costs incurred or reduction
suffered. 
 (b) If any Lender or any Issuing Bank shall have determined that on or after the date of this Agreement any
Change in Law regarding capital requirements has or would have the effect of reducing the rate of return on such Lender’s or such Issuing Bank’s capital (or on the capital of such Lender’s or such Issuing Bank’s parent
corporation) as a consequence of its obligations hereunder or under or in respect of any Letter of Credit to a level below that which such Lender or such Issuing Bank or such Lender’s or such Issuing Bank’s parent corporation could have
achieved but for such Change in Law (taking into consideration such Lender’s or such Issuing Bank’s policies or the policies of such Lender’s or such Issuing Bank’s parent corporation with respect to capital adequacy or
liquidity) then, from time to time, within five (5) Business Days after receipt by the Borrower of written demand by such Lender (with a copy thereof to the Administrative Agent), the Borrower shall pay to such Lender such additional amounts as
will compensate such Lender or such Issuing Bank or such Lender’s or such Issuing Bank’s parent corporation for any such reduction suffered. For the avoidance of doubt, Lenders may only make claims for compensation pursuant to this
Section 2.19, in respect of a Change in Law, to the extent such claims are a consequence of its obligations hereunder or under or in respect of any Letter of Credit. 

(c) A certificate of a Lender or an Issuing Bank setting forth the amount or amounts necessary to compensate such Lender or
such Issuing Bank or such Lender’s or such Issuing Bank’s parent corporation, as the case may be, specified in Sections 2.19(a) or (b) shall be delivered to the Borrower (with a copy to the Administrative Agent) and
shall be conclusive, absent manifest error. The Borrower shall pay any such Lender or such Issuing Bank, as the case may be, such amount or amounts within ten (10) days after receipt thereof. 

(d) Failure or delay on the part of any Lender or any Issuing Bank to demand compensation pursuant to this
Section 2.19 shall not constitute a waiver of such Lender’s or such Issuing Bank’s right to demand such compensation. 

  
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 Section 2.20 Funding Indemnity. In the event of
(a) the payment of any principal of a Eurodollar Loan other than on the last day of the Interest Period applicable thereto (including as a result of an Event of Default), (b) the conversion or continuation of a Eurodollar Loan other than on the
last day of the Interest Period applicable thereto, or (c) the failure by the Borrower to borrow, prepay, convert or continue any Eurodollar Loan on the date specified in any applicable notice (regardless of whether such notice is withdrawn or
revoked), then, in any such event, the Borrower shall compensate each Lender, within five (5) Business Days after written demand from such Lender, for any loss, cost or expense attributable to such event. In the case of a Eurodollar Loan, such
loss, cost or expense shall be deemed to include an amount determined by such Lender to be the excess, if any, of (A) the amount of interest that would have accrued on the principal amount of such Eurodollar Loan if such event had not occurred
at the Adjusted LIBO Rate applicable to such Eurodollar Loan for the period from the date of such event to the last day of the then current Interest Period therefor (or in the case of a failure to borrow, convert or continue, for the period that
would have been the Interest Period for such Eurodollar Loan) over (B) the amount of interest that would accrue on the principal amount of such Eurodollar Loan for the same period if the Adjusted LIBO Rate were set on the date such Eurodollar
Loan was prepaid or converted or the date on which the Borrower failed to borrow, convert or continue such Eurodollar Loan. A certificate as to any additional amount payable under this Section 2.20 submitted to the Borrower
or by any Lender (with a copy to the Administrative Agent) shall be conclusive, absent manifest error. 
 Section 2.21
Taxes. 
 (a) Any and all payments by or on account of any obligation of the Borrower hereunder shall be
made free and clear of and without deduction for any Indemnified Taxes; provided, that if the Borrower shall be required to deduct any Indemnified Taxes from such payments, then (i) the sum payable shall be increased as necessary so that
after making all required deductions (including deductions applicable to additional sums payable under this Section 2.21) the Administrative Agent, any Lender or any Issuing Bank (as the case may be) shall receive an amount
equal to the sum it would have received had no such deductions been made, (ii) the Borrower shall make such deductions and (iii) the Borrower shall pay the full amount deducted to the relevant Governmental Authority in accordance with
applicable law. 
 (b) In addition, the Borrower shall pay any Other Taxes to the relevant Governmental Authority in
accordance with applicable law. 
 (c) The Borrower shall indemnify the Administrative Agent, each Lender and each Issuing
Bank, within five (5) Business Days after written demand therefor, for the full amount of any Indemnified Taxes paid by the Administrative Agent, such Lender or such Issuing Bank, as the case may be, on or with respect to any payment by or on
account of any obligation of the Borrower hereunder (including Indemnified Taxes imposed or asserted on or attributable to amounts payable under this Section 2.21) and any penalties, interest and reasonable expenses arising
therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to the Borrower by a
Lender or an Issuing Bank, or by the Administrative Agent on its own behalf or on behalf of a Lender or an Issuing Bank, shall be conclusive absent manifest error. 

(d) As soon as practicable after any payment of Taxes by the Borrower to a Governmental Authority, the Borrower shall deliver
to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the
Administrative Agent. 

  
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 (e) Any Foreign Lender that is entitled to an exemption from or reduction of
withholding tax under the Code or any treaty to which the United States is a party, with respect to payments under this Agreement shall deliver to the Borrower (with a copy to the Administrative Agent), at the time or times prescribed by applicable
law, such properly completed and executed documentation prescribed by applicable law or reasonably requested by the Borrower as will permit such payments to be made without withholding or at a reduced rate. Without limiting the generality of the
foregoing, each Foreign Lender agrees that it will deliver to the Administrative Agent and the Borrower (or in the case of a Participant, to the Lender from which the related participation shall have been purchased), as appropriate, two
(2) duly completed copies of (i) Internal Revenue Service Form W-8ECI, or any successor form thereto, certifying that the payments received from the Borrower hereunder are effectively connected with
such Foreign Lender’s conduct of a trade or business in the United States; (ii) Internal Revenue Service Form W-8BEN or
W-8BEN-E, or any successor form thereto, certifying that such Foreign Lender is entitled to benefits under an income tax treaty to which the United States is a party
which reduces the rate of withholding tax on payments of interest; (iii) Internal Revenue Service Form W-8BEN or W-8BEN-E,
or any successor form prescribed by the Internal Revenue Service, together with a certificate (A) establishing that the payment to the Foreign Lender qualifies as “portfolio interest” exempt from U.S. withholding tax under Code
section 871(h) or 881(c), (B) stating that (1) the Foreign Lender is not a bank for purposes of Code section 881(c)(3)(A) or the obligation of the Borrower hereunder is not, with respect to such Foreign Lender, a loan agreement entered into in
the ordinary course of its trade or business, within the meaning of that section; (2) the Foreign Lender is not a ten percent (10%) shareholder of the Borrower within the meaning of Code section 871(h)(3) or 881(c)(3)(B) and (3) the
Foreign Lender is not a controlled foreign corporation that is related to the Borrower within the meaning of Code section 881(c)(3)(C); or (iv) such other Internal Revenue Service forms as may be applicable to the Foreign Lender, including
Forms W-8IMY or W-8EXP. Each such Foreign Lender shall deliver to the Borrower and the Administrative Agent such forms on or before the date that it becomes a party to
this Agreement (or in the case of a Participant, on or before the date such Participant purchases the related participation) and (C) if a payment made to a Lender under any Loan Document would be subject to U.S. federal withholding Tax imposed
by FATCA if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the Borrower and the
Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by the Borrower or the Administrative Agent such documentation prescribed by applicable law (including as prescribed by
Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the Borrower or the Administrative Agent as may be necessary for the Borrower and the Administrative Agent to comply with their obligations under
FATCA and to determine that such Lender has complied with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this clause (C), “FATCA” shall include any
amendments made to FATCA after the date of this Agreement. In addition, each such Foreign Lender shall deliver such forms promptly upon the obsolescence or invalidity of any form previously delivered by such Foreign Lender. Each such Foreign Lender
shall promptly notify the Borrower and the Administrative Agent at any time that it determines that it is no longer in a position to provide any previously delivered certificate to the Borrower (or any other form of certification adopted by the
Internal Revenue Service for such purpose). 

  
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 (f) If any party determines, in its sole discretion exercised in good faith,
that it has received a refund of any Taxes as to which it has been indemnified pursuant to this Section 2.21 (including by the payment of additional amounts pursuant to this Section 2.21), it shall
pay to the indemnifying party an amount equal to such refund (but only to the extent of indemnity payments made under this Section with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes) of such indemnified party and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund). Such indemnifying
party, upon the request of such indemnified party, shall repay to such indemnified party the amount paid over pursuant to this paragraph (f) (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) in the event
that such indemnified party is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this paragraph (f), in no event will the indemnified party be required to pay any amount to an indemnifying
party pursuant to this paragraph (f) the payment of which would place the indemnified party in a less favorable net after-Tax position than the indemnified party would have been in if the Tax subject to
indemnification and giving rise to such refund had not been deducted, withheld or otherwise imposed and the indemnification payments or additional amounts with respect to such Tax had never been paid. This paragraph shall not be construed to require
any indemnified party to make available its Tax returns (or any other information relating to its Taxes that it deems confidential) to the indemnifying party or any other Person. 

(g) For purposes of this Section 2.21, the term “Lender” includes Issuing Bank and the term
“applicable law” includes FATCA. 
 Section 2.22 Payments Generally; Pro Rata Treatment; Sharing
of Set-offs. 
 (a) The Borrower shall make each payment required to be made
by it hereunder (whether of principal, interest, fees or reimbursement of LC Disbursements, or of amounts payable under Section 2.19, 2.20 or 2.21, or otherwise) prior to 12:00 noon, on the date when due, in
immediately available funds, free and clear of any defenses, rights of set-off, counterclaim, or withholding or deduction of taxes. Any amounts received after such time on any date may, in the discretion of
the Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. All such payments shall be made to the Administrative Agent at the Payment Office, except payments to be made
directly to the applicable Issuing Bank or the Swingline Lender as expressly provided herein and except that payments pursuant to Sections 2.19, 2.20 and 2.21 and 10.3 shall be made directly to the Persons entitled
thereto. The Administrative Agent shall distribute any such payments received by it for the account of any other Person to the appropriate recipient promptly following receipt thereof. If any payment hereunder shall be due on a day that is not a
Business Day, the date for payment shall be extended to the next succeeding Business Day, and, in the case of any payment accruing interest, interest thereon shall be made payable for the period of such extension. All payments hereunder shall be
made in Dollars. 
 (b) If at any time insufficient funds are received by and available to the Administrative Agent to pay
fully all amounts of principal, unreimbursed LC Disbursements, interest and fees then due hereunder, such funds shall be applied (i) first, towards payment of interest and fees then due hereunder, ratably among the parties entitled thereto in
accordance with the amounts of interest and fees then due to such parties, and (ii) second, towards payment of principal and unreimbursed LC Disbursements then due hereunder, ratably among the parties entitled thereto in accordance with the
amounts of principal and unreimbursed LC Disbursements then due to such parties. 

  
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 (c) If any Lender shall, by exercising any right of set-off or counterclaim or otherwise, obtain payment in respect of any principal of or interest on any of its Revolving Loans or participations in LC Disbursements, Term Loans or Swingline Loans that would result in
such Lender receiving payment of a greater proportion of the aggregate amount of its Revolving Loans and participations in LC Disbursements, Term Loans and Swingline Loans and accrued interest thereon than the proportion received by any other
Lender, then the Lender receiving such greater proportion shall purchase (for cash at face value) participations in the Revolving Loans and participations in LC Disbursements, Term Loans and Swingline Loans of other Lenders to the extent necessary
so that the benefit of all such payments shall be shared by the Lenders ratably in accordance with the aggregate amount of principal of and accrued interest on their respective Revolving Loans and participations in LC Disbursements, Term Loans and
Swingline Loans; provided, that (i) if any such participations are purchased and all or any portion of the payment giving rise thereto is recovered, such participations shall be rescinded and the purchase price restored to the extent of
such recovery, without interest, and (ii) the provisions of this Section 2.22(c) shall not be construed to apply to any payment made by the Borrower pursuant to and in accordance with the express terms of this
Agreement or any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans or participations in LC Disbursements, Term Loans or Swingline Loans to any assignee or participant, other than to
Holdings or any Subsidiary or Affiliate thereof (as to which the provisions of this Section 2.22(c) shall apply). The Borrower consents to the foregoing and agrees, to the extent it may effectively do so under applicable
law, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against the Borrower rights of set-off and counterclaim with respect to such participation as fully as if such
Lender were a direct creditor of the Borrower in the amount of such participation. 
 (d) Unless the Administrative Agent
shall have received notice from the Borrower prior to the date on which any payment is due to the Administrative Agent for the account of the Lenders or an Issuing Bank hereunder that the Borrower will not make such payment, the Administrative Agent
may assume that the Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Lenders or the applicable Issuing Bank, as the case may be, the amount or amounts due. In such event,
if the Borrower has not in fact made such payment, then each of the Lenders or the applicable Issuing Bank, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or
such Issuing Bank with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Rate and a rate determined by
the Administrative Agent in accordance with banking industry rules on interbank compensation. 
 (e) Notwithstanding anything
herein to the contrary, any amount paid by the Borrower for the account of a Defaulting Lender under this Agreement (whether on account of principal, interest, fees, reimbursement of LC Disbursements, indemnity payments or other amounts) will be
retained by the Administrative Agent in a segregated non-interest bearing account until the Revolving Commitment Termination Date, at which time the funds in such account will be applied by the Administrative
Agent, to the fullest extent permitted by law, in the following order of priority: first, to the payment of any amounts owing by such Defaulting Lender to the Administrative Agent under this Agreement; second, to the payment of any amounts owing by
such Defaulting Lender to the Issuing Banks and the Swingline Lender under this Agreement; third, to the payment of interest due and payable to 

  
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the Lenders hereunder that are not Defaulting Lenders, ratably among them in accordance with the amounts of such interest then due and payable to them; fourth, to the payment of fees then due and
payable to the Lenders hereunder that are not Defaulting Lenders, ratably among them in accordance with the amounts of such fees then due and payable to them; fifth, to the payment of principal and unreimbursed LC Disbursements then due and payable
to the Lenders hereunder that are not Defaulting Lenders, ratably in accordance with the amounts thereof then due and payable to them; sixth, to the ratable payment of other amounts then due and payable to the Lenders hereunder that are not
Defaulting Lenders; and seventh, to pay amounts owing under this Agreement to such Defaulting Lender or as a court of competent jurisdiction may otherwise direct. 

Section 2.23 Mitigation of Obligations. 

(a) If any Lender requests compensation under Section 2.19, or if the Borrower is required to pay any
additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.21, then such Lender shall use reasonable efforts to designate a different lending office for funding or
booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the sole judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts
payable under Section 2.19 or Section 2.21, as the case may be, in the future and (ii) would not subject such Lender to any unreimbursed cost or expense and would not otherwise be
disadvantageous to such Lender. The Borrower agrees to pay all costs and expenses incurred by any Lender in connection with such designation or assignment. 

(b) If any Lender requests compensation under Section 2.19, or if the Borrower is required to pay any
additional amount to any Lender or any Governmental Authority of the account of any Lender pursuant to Section 2.21, or if any Lender is a Defaulting Lender, or if any Lender is not an Accepting Lender pursuant to
Section 2.28, then the Borrower may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to
the restrictions set forth in Section 10.4(b)) all its interests, rights and obligations under this Agreement to an assignee that shall assume such obligations (which assignee may be another Lender); provided, that
(i) the Borrower shall have received the prior written consent of the Administrative Agent, which consent shall not be unreasonably withheld, (ii) such Lender shall have received payment of an amount equal to the outstanding principal
amount of all Loans owed to it, accrued interest thereon, accrued fees and all other amounts payable to it hereunder, from the assignee (in the case of such outstanding principal and accrued interest) and from the Borrower (in the case of all other
amounts) and (iii) in the case of a claim for compensation under Section 2.19 or payments required to be made pursuant to Section 2.21, such assignment will result in a reduction in such
compensation or payments. A Lender shall not be required to make any such assignment and delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the Borrower to require such assignment and
delegation cease to apply. 
 (c) The Borrower shall not be required to compensate a Lender or an Issuing Bank under
Section 2.19, 2.20 or 2.21 for any taxes, increased costs or reductions incurred more than six (6) months prior to the date that such Lender or such Issuing Bank notifies the Borrower of such increased
costs or reductions and of such Lender’s or such Issuing Bank’s intention to claim compensation therefor; provided, further, that if any Change in Law giving rise to such increased costs or reductions is retroactive, then
such six-month period shall be extended to include the period of such retroactive effect. 

  
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 Section 2.24 Letters of Credit. 

(a) During the Availability Period, each Issuing Bank, in reliance upon the agreements of the other Lenders pursuant to
Section 2.24(d) and 2.24(e), may, in its sole discretion, issue, at the request of the Borrower, Letters of Credit denominated in Dollars for the account of the Borrower or any Restricted Subsidiary on the terms and
conditions hereinafter set forth; provided, that (i) each Letter of Credit shall expire on the earlier of (A) the date one year after the date of issuance of such Letter of Credit (or in the case of any renewal or extension thereof,
one year after such renewal or extension) and (B) the date that is five (5) Business Days prior to the Revolving Commitment Termination Date; (ii) each Letter of Credit shall be in a stated amount of at least $250,000; and
(iii) the Borrower may not request on behalf of itself or any Restricted Subsidiary any Letter of Credit, if, after giving effect to such issuance (A) the aggregate LC Exposure would exceed the LC Sublimit, (B) the aggregate LC
Exposure plus the aggregate outstanding Revolving Credit Exposure of all Lenders would exceed the Aggregate Revolving Commitments or (C) the LC Exposure of such Issuing Bank would exceed the LC Commitment of such Issuing Bank.
Upon the issuance of each Letter of Credit each Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the applicable Issuing Bank without recourse a participation in such Letter of Credit equal to such
Lender’s Pro Rata Share of the aggregate amount available to be drawn under such Letter of Credit (i) on the Effective Date with respect to all Existing Letters of Credit and (ii) on the date of issuance with respect to all other
Letters of Credit. Each issuance of a Letter of Credit shall be deemed to utilize the Revolving Commitment of each Lender by an amount equal to the amount of such participation. 

(b) To request the issuance of a Letter of Credit (or any amendment, renewal or extension of an outstanding Letter of Credit),
the Borrower shall give the applicable Issuing Bank and the Administrative Agent irrevocable written notice at least three (3) Business Days prior to the requested date of such issuance specifying the date (which shall be a Business Day) such
Letter of Credit is to be issued (or amended, extended or renewed, as the case may be), the expiration date of such Letter of Credit, the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as
shall be necessary to prepare, amend, renew or extend such Letter of Credit. In addition to the satisfaction of the conditions in Article III, the issuance of such Letter of Credit (or any amendment which increases the amount of such Letter
of Credit) will be subject to the further conditions that such Letter of Credit shall be in such form and contain such terms as such Issuing Bank shall approve and that the Borrower shall have executed and delivered any additional applications,
agreements and instruments relating to such Letter of Credit as such Issuing Bank shall reasonably require; provided, that in the event of any conflict between such applications, agreements or instruments and this Agreement, the terms of this
Agreement shall control. 
 (c) At least two (2) Business Days prior to the issuance of any Letter of Credit, the
applicable Issuing Bank will confirm with the Administrative Agent (by telephone or in writing) that the Administrative Agent has received such notice and if not, such Issuing Bank will provide the Administrative Agent with a copy thereof. Unless
such Issuing Bank has received notice from the Administrative Agent on or before 5:00 p.m. the Business Day immediately preceding the date such Issuing Bank is to issue the requested Letter of Credit directing such Issuing Bank not to issue the
Letter of Credit because such issuance is not then permitted hereunder because of the limitations set forth in Section 2.24(a) or that one or more conditions specified in Article III are not then satisfied, then,
subject to the terms and conditions hereof, such Issuing Bank shall, on the requested date, issue such Letter of Credit in accordance with such Issuing Bank’s usual and customary business practices. 

  
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 (d) The applicable Issuing Bank shall examine all documents purporting to
represent a demand for payment under a Letter of Credit promptly following its receipt thereof. The applicable Issuing Bank shall notify the Borrower and the Administrative Agent of such demand for payment and whether such Issuing Bank has made or
will make a LC Disbursement thereunder; provided, that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse such Issuing Bank and the Lenders with respect to such LC Disbursement.
The Borrower shall be irrevocably and unconditionally obligated to reimburse the applicable Issuing Bank for any LC Disbursements paid by such Issuing Bank in respect of such drawing, without presentment, demand or other formalities of any kind.
Unless the Borrower shall have notified the applicable Issuing Bank and the Administrative Agent prior to 11:00 a.m. on the Business Day immediately prior to the date on which such drawing is honored that the Borrower intends to reimburse such
Issuing Bank for the amount of such drawing in funds other than from the proceeds of Revolving Loans, the Borrower shall be deemed to have timely given a Notice of Revolving Borrowing to the Administrative Agent requesting the Lenders to make a Base
Rate Borrowing on the date on which such drawing is honored in an exact amount due to such Issuing Bank; provided, that for purposes solely of such Borrowing, the conditions precedent set forth in Section 3.3
hereof and the minimum borrowing limitations set forth in Section 2.3 hereof shall not be applicable. The Administrative Agent shall notify the Lenders of such Borrowing in accordance with
Section 2.3, and each Lender shall make the proceeds of its Base Rate Loan included in such Borrowing available to the Administrative Agent for the account of such Issuing Bank in accordance with
Section 2.7. The proceeds of such Borrowing shall be applied directly by the Administrative Agent to reimburse such Issuing Bank for such LC Disbursement. 

(e) If for any reason a Base Rate Borrowing may not be (as determined in the sole discretion of the Administrative Agent), or
is not, made in accordance with the foregoing provisions, then each Lender (other than the applicable Issuing Bank) shall be obligated to fund the participation that such Lender purchased pursuant to Section 2.24(a) in an
amount equal to its Pro Rata Share of such LC Disbursement on and as of the date which such Base Rate Borrowing should have occurred. Each Lender’s obligation to fund its participation shall be absolute and unconditional and shall
not be affected by any circumstance, including without limitation (i) any setoff, counterclaim, recoupment, defense or other right that such Lender or any other Person may have against the applicable Issuing Bank or any other Person for any
reason whatsoever, (ii) the existence of a Default or an Event of Default or the termination of the Aggregate Revolving Commitments, (iii) any adverse change in the condition (financial or otherwise) of Holdings, the Borrower or any of its
Restricted Subsidiaries, (iv) any breach of this Agreement by Holdings, the Borrower or any other Lender, (v) any amendment, renewal or extension of any Letter of Credit or (vi) any other circumstance, happening or event whatsoever,
whether or not similar to any of the foregoing. On the date that such participation is required to be funded, each Lender shall promptly transfer, in immediately available funds, the amount of its participation to the Administrative Agent for the
account of the applicable Issuing Bank. Whenever, at any time after the applicable Issuing Bank has received from any such Lender the funds for its participation in a LC Disbursement, such Issuing Bank (or the Administrative Agent on its behalf)
receives any payment on account thereof, the Administrative Agent or such Issuing Bank, as the case may be, will distribute to such Lender its Pro Rata Share of such payment; provided, that if such payment is required to be returned for any
reason to the Borrower or to a trustee, receiver, liquidator, custodian or similar official in any bankruptcy proceeding, such Lender will return to the Administrative Agent or such Issuing Bank any portion thereof previously distributed by the
Administrative Agent or such Issuing Bank to it. 

  
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 (f) To the extent that any Lender shall fail to pay any amount required to
be paid pursuant to Sections 2.24(d) or (e) on the due date therefor, such Lender shall pay interest to the applicable Issuing Bank (through the Administrative Agent) on such amount from such due date to the date such payment is
made at a rate per annum equal to the Federal Funds Rate; provided, that if such Lender shall fail to make such payment to such Issuing Bank within three (3) Business Days of such due date, then, retroactively to the due date, such
Lender shall be obligated to pay interest on such amount at the Base Rate plus an additional two percent (2%) per annum. 

(g) If any Event of Default shall occur and be continuing, on the Business Day that the Borrower receives notice from the
Administrative Agent or the Required Lenders demanding the deposit of Cash Collateral pursuant to this Section 2.24(g), the Borrower shall deposit in an account with the Administrative Agent, in the name of the
Administrative Agent and for the benefit of the applicable Issuing Bank and the Lenders, an amount in cash equal to one hundred five percent (105%) of the LC Exposure as of such date plus any accrued and unpaid interest thereon; provided,
that the obligation to deposit such Cash Collateral shall become effective immediately, and such deposit shall become immediately due and payable, without demand or notice of any kind, upon the occurrence of any Event of Default with respect to the
Borrower described in Sections 8.1(h) or (i). Such deposit shall be held by the Administrative Agent as collateral for the payment and performance of the obligations of the Borrower under this Agreement. The Administrative Agent shall
have exclusive dominion and control, including the exclusive right of withdrawal, over such account. Other than any interest earned on the investment of such deposits, which investments shall be made at the option and sole discretion of the
Administrative Agent and at the Borrower’s risk and expense, such deposits shall not bear interest. Interest and profits, if any, on such investments shall accumulate in such account. Moneys in such account shall be applied by the
Administrative Agent to reimburse the Issuing Bank for LC Disbursements for which it had not been reimbursed and to the extent so applied, shall be held for the satisfaction of the reimbursement obligations of the Borrower for the LC Exposure at
such time or, if the maturity of the Loans has been accelerated, with the consent of the Required Lenders, be applied to satisfy other obligations of the Borrower under this Agreement and the other Loan Documents. If the Borrower is required to
provide an amount of Cash Collateral hereunder as a result of the occurrence of an Event of Default, such amount (to the extent not so applied as aforesaid) shall be returned to the Borrower within three (3) Business Days after all Events of
Default have been cured or waived. 
 (h) Promptly following the end of each Fiscal Quarter, each Issuing Bank shall deliver
(through the Administrative Agent) to each Lender and the Borrower a report describing the aggregate Letters of Credit outstanding at the end of such Fiscal Quarter. Upon the request of any Lender from time to time, the applicable Issuing Bank shall
deliver to such Lender any other information reasonably requested by such Lender with respect to each Letter of Credit then outstanding. 

(i) The Borrower’s obligation to reimburse LC Disbursements hereunder shall be absolute, unconditional and irrevocable and
shall be performed strictly in accordance with the terms of this Agreement under all circumstances whatsoever and irrespective of any of the following circumstances: 

(i) Any lack of validity or enforceability of any Letter of Credit or this Agreement; 

  
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 (ii) The existence of any claim,
set-off, defense or other right which Holdings, the Borrower or any Subsidiary or Affiliate of Holdings may have at any time against a beneficiary or any transferee of any Letter of Credit (or any Persons or
entities for whom any such beneficiary or transferee may be acting), any Lender (including any Issuing Bank) or any other Person, whether in connection with this Agreement or the Letter of Credit or any document related hereto or thereto or any
unrelated transaction; 
 (iii) Any draft or other document presented under a Letter of Credit proving to be forged,
fraudulent or invalid in any respect or any statement therein being untrue or inaccurate in any respect; 
 (iv) Payment by
an Issuing Bank under a Letter of Credit against presentation of a draft or other document to such Issuing Bank that does not comply with the terms of such Letter of Credit; 

(v) Any other event or circumstance whatsoever, whether or not similar to any of the foregoing, that might, but for the
provisions of this Section 2.24, constitute a legal or equitable discharge of, or provide a right of setoff against, the Borrower’s obligations hereunder; or 

(vi) The existence of a Default or an Event of Default. 

Neither the Administrative Agent, the Issuing Banks, the Lenders nor any Related Party of any of the foregoing shall have any
liability or responsibility by reason of or in connection with the issuance or transfer of any Letter of Credit or any payment or failure to make any payment thereunder (irrespective of any of the circumstances referred to above), or any error,
omission, interruption, loss or delay in transmission or delivery of any draft, notice or other communication under or relating to any Letter of Credit (including any document required to make a drawing thereunder), any error in interpretation of
technical terms or any consequence arising from causes beyond the control of the Issuing Banks; provided, that the foregoing shall not be construed to excuse any Issuing Bank from liability to the Borrower to the extent of any direct damages
(as opposed to consequential damages, claims in respect of which are hereby waived by the Borrower to the extent permitted by applicable law) suffered by the Borrower that are caused by such Issuing Bank’s failure to exercise due care when
determining whether drafts or other documents presented under a Letter of Credit comply with the terms thereof. The parties hereto expressly agree, that in the absence of gross negligence or willful misconduct on the part of an Issuing Bank (as
finally determined by a court of competent jurisdiction), such Issuing Bank shall be deemed to have exercised due care in each such determination. In furtherance of the foregoing and without limiting the generality thereof, the parties agree that,
with respect to documents presented that appear on their face to be in substantial compliance with the terms of a Letter of Credit, the applicable Issuing Bank may, in its sole discretion, either accept and make payment upon such documents without
responsibility for further investigation, regardless of any notice or information to the contrary, or refuse to accept and make payment upon such documents if such documents are not in strict compliance with the terms of such Letter of Credit. 

(j) Unless otherwise expressly agreed by the applicable Issuing Bank and the Borrower when a Letter of Credit is issued and
subject to applicable laws, each Letter of Credit shall be governed by the “International Standby Practices 1998” (ISP98) (or such later revision as may be published by the Institute of International Banking Law & Practice on any
date any Letter of Credit may be issued) and to the extent not inconsistent therewith, the governing law of this Agreement set forth in Section 10.5. 

  
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 (k) In the event of any conflict between the terms hereof and the terms of
any LC Document, the terms hereof shall control. 
 (l) Notwithstanding that a Letter of Credit issued or outstanding
hereunder is in support of any obligations of, or is for the account of, a Restricted Subsidiary, the Borrower shall be obligated to reimburse the applicable Issuing Bank hereunder for any and all drawings under such Letter of Credit. The Borrower
hereby acknowledges that the issuance of Letters of Credit for the account of Restricted Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefit from the businesses of such Restricted
Subsidiaries. 
 (m) Any Issuing Bank may resign as an “Issuing Bank” hereunder upon 30 days’ prior written
notice to the Administrative Agent, the Lenders and the Borrower; provided that on or prior to the expiration of such 30-day period with respect to such resignation, the applicable Issuing Bank shall have
identified a successor Issuing Bank reasonably acceptable to the Borrower willing to accept its appointment as successor Issuing Bank, and the effectiveness of such resignation shall be conditioned upon such successor assuming the rights and duties
of the resigning Issuing Bank. In the event of any such resignation as Issuing Bank, the Borrower shall be entitled to appoint from among the Lenders a successor Issuing Bank hereunder; provided, however, that no failure by the Borrower to appoint
any such successor shall affect the resignation of the resigning Issuing Bank except as expressly provided above. The Borrower may terminate the appointment of any Issuing Bank as an “Issuing Bank” hereunder by providing a written notice
thereof to such Issuing Bank, with a copy to the Administrative Agent. Any such termination shall become effective upon the earlier of (i) such Issuing Bank acknowledging receipt of such notice and (ii) the third Business Day following the
date of the delivery thereof; provided that no such termination shall become effective until and unless the LC Exposure attributable to Letters of Credit issued by such Issuing Bank (or its Affiliates) shall have been reduced to zero. At the time
any such resignation or termination shall become effective, the Borrower shall pay all unpaid fees accrued for the account of the resigning or terminated Issuing Bank pursuant to Section 2.15(c). Notwithstanding the
effectiveness of any such resignation or termination, the resigning or terminated Issuing Bank shall remain a party hereto and shall continue to have all the rights of an Issuing Bank under this Agreement with respect to Letters of Credit issued by
it prior to such resignation or termination, but shall not be required to issue any additional Letters of Credit. 

Section 2.25 Increase of Commitments; Additional Lenders. 

(a) From time to time after the Funding Availability Date but before the termination of this Agreement and in accordance with
this Section 2.25, the Borrower may from time to time, upon at least five (5) Business Days’ prior written notice to the Administrative Agent (who shall promptly provide a copy of such notice to each Lender),
propose to increase the Aggregate Revolving Commitments (each such increase, an “Incremental Revolving Commitment”) or to establish one or more term loans (each, an “Incremental Term Loan”);
provided, that: 
 (i) the aggregate amount of all Incremental Revolving Commitments plus the aggregate initial
principal amount all Incremental Term Loans shall not exceed the Maximum Incremental Facility Amount during the term of this Agreement; 

  
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 (ii) any Incremental Revolving Commitment or establishment of an Incremental
Term Loan shall be in a minimum principal amount of $10,000,000 and in integral multiples of $5,000,000 in excess thereof; 

(iii) no Default or Event of Default shall exist and be continuing at the time of the establishment of any Incremental
Revolving Commitment or Incremental Term Loan; 
 (iv) the conditions set forth in Section 3.3
shall be satisfied as of the date of the establishment of any Incremental Revolving Commitment or Incremental Term Loan; 

(v) the Borrower shall have provided to the Administrative Agent a Pro Forma Compliance Certificate, in form and detail
reasonably acceptable to the Administrative Agent, demonstrating compliance with the financial covenants in Article VI after giving effect to such Incremental Revolving Commitment or Incremental Term Loan on a Pro Forma Basis (assuming for
purposes hereof, that the Aggregate Revolving Commitments (including any Incremental Revolving Commitments) are fully drawn and funded); provided, that, in the case of an Incremental Term Loan subject to the Incremental Funds Certain
Provision, such compliance will be determined at the option of the Borrower either (A) at the time of funding of such Incremental Term Loan, or (B) at the time the applicable Acquisition Agreement is entered into (but not more than ninety
(90) days prior to the consummation of such Permitted Acquisition or such later date as Administrative Agent may agree in writing); 

(vi) the Administrative Agent shall have received all documents (including resolutions of the board of directors of the Loan
Parties and opinions of counsel to the Loan Parties) it may reasonably request relating to such Incremental Revolving Commitments or such establishment of such Incremental Term Loan, all in form and substance reasonably satisfactory to the
Administrative Agent; 
 (vii) (A) the Applicable Margin of each Incremental Term Loan shall be as set forth in the
definitive documentation therefor; provided that if the Initial Yield applicable to any such Incremental Term Loans exceeds the sum of the Applicable Margin then in effect for Eurodollar Term Loans plus one fourth of the Up-Front Fees paid in respect of any then existing Term Loans (the “Existing Yield”), then the Applicable Margin of any then existing Term Loans shall increase by an amount equal to the
difference between the Initial Yield and the Existing Yield, and (B) any Incremental Term Loans made pursuant to this Section 2.25 shall have a maturity date no earlier than the latest existing Maturity Date or the
then applicable Revolving Commitment Termination Date and shall have a Weighted Average Life to Maturity no shorter than any other then-existing Incremental Term Loan; 

(viii) any Incremental Revolving Commitments under this Section 2.25 shall have terms identical to
those for the Revolving Commitments under this Agreement, other than with respect to the payment of Up-Front Fees; 

(ix) no Lender shall have any obligation to provide any Incremental Revolving Commitment or any Incremental Term Loan, and any
decision by a Lender to provide any Incremental Revolving Commitment or any Incremental Term Loan shall be made in its sole discretion independently from any other Lender; 

  
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 (x) the Borrower may designate a bank or other financial institution that is
not already a Lender to provide all or any portion of any Incremental Revolving Commitments or an Incremental Term Loan, so long as (i) such Person (an “Additional Lender”) becomes a party to this Agreement pursuant to a
lender joinder agreement or other document in form and substance satisfactory to the Administrative Agent that has been executed by the Borrower and such Additional Lender, (ii) any such Person proposed by the Borrower to become an Additional
Lender must be reasonably acceptable to the Administrative Agent and, if such Additional Lender is to provide a Revolving Commitment, each of the Issuing Banks and the Swingline Lender; 

(xi) any Incremental Revolving Commitments or establishment of an Incremental Term Loan shall be pursuant to an agreement in
writing entered into by the Loan Parties, the Administrative Agent and each Person (including any existing Lender) that agrees to provide a portion of such Incremental Revolving Commitments or Incremental Term Loan, as applicable (each an
“Incremental Facility Amendment”), and upon the effectiveness of such Incremental Facility Amendment pursuant to the terms thereof, the Commitments, as applicable, shall automatically be increased by the amount of the
Commitments added through such Incremental Facility Amendment and Schedule 1.1(a) shall automatically be deemed amended to reflect the Commitments of all Lenders after giving effect to the addition of such Commitments; 

(xii) with respect to any Incremental Revolving Commitments, (i) if any Revolving Loans are outstanding upon giving effect
to any Incremental Revolving Commitments, the Borrower shall, if applicable, prepay one or more existing Revolving Loans (such prepayment to be subject to Section 2.20) in an amount necessary such that after giving effect
to such Incremental Revolving Commitments, each Lender will hold its Pro Rata Share of outstanding Revolving Loans and (ii) effective upon such increase, the amount of the participations held by each Lender in each Letter of Credit then
outstanding shall be adjusted automatically such that, after giving effect to such adjustments, the Lenders shall hold participations in each such Letter of Credit in proportion to their respective Revolving Commitments; 

(xiii) the Borrower shall pay any applicable upfront or arrangement fees in connection with such Incremental Revolving
Commitments or Incremental Term Loan; 
 (xiv) subject to the limitations set forth in
Section 2.25(a)(vii), the amortization or other repayment requirements, the pricing and the use of proceeds applicable to any such Incremental Term Loan shall in each case be set forth in the definitive documentation with
respect to such Incremental Term Loan; 
 (xv) any such Incremental Revolving Commitment or Incremental Term Loan shall
(A) rank pari passu in right of payment as the other Loans and Commitments, (B) not be guaranteed by any Person that is not a Guarantor, and (C) if the Trigger Event has not occurred, shall be unsecured and, if the Trigger
Event has occurred, shall be secured by the Collateral on a pari passu basis with the existing Obligations; 
 (xvi)
all other terms and conditions with respect to any such Incremental Revolving Commitments shall be reasonably satisfactory to the Administrative Agent, the Issuing Bank and the Swingline Lender; and 

  
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 (xvii) all other terms and conditions with respect to any such Incremental
Term Loan shall be set forth in the applicable Incremental Facility Amendment and be reasonably satisfactory to the Lenders providing such Incremental Term Loan. 

(b) Upon the effectiveness of any such Incremental Revolving Commitment or any Incremental Term Loan, the Commitments and Pro
Rata Share of each Lender will be adjusted to give effect to the Incremental Revolving Commitments and/or the Incremental Term Loans, as applicable, and Schedule 1.1(a) shall automatically be deemed amended accordingly. 

(c) Notwithstanding anything to the contrary in this Section 2.25, if the proceeds of any Incremental
Term Loan are being used to finance a Permitted Acquisition made pursuant to an acquisition agreement, binding on Holdings, the Borrower or any of its Restricted Subsidiaries, entered into in advance of the consummation thereof that does not provide
for a “financing out” (an “Acquisition Agreement”), and the Borrower has obtained on or prior to the closing thereof binding commitments of Lenders and/or Additional Lenders to fund such Incremental Term Loan, then
the conditions to the funding and incurrence of any such Incremental Term Loan may, at the option of the Borrower, be limited as follows: (A) the condition set forth in Section 3.3(b) shall apply only with respect to
Specified Representations, (B) all representations and warranties of each Loan Party (excluding for the avoidance of doubt any target entities or subsidiaries thereof to be acquired in connection with any Permitted Acquisition) set forth in the
Loan Documents shall be true and correct in all material respects (other than those representations and warranties that are expressly qualified by a Material Adverse Effect or other materiality, in which case such representations and warranties
shall be true and correct in all respects) at the date the applicable Acquisition Agreement is executed and delivered; provided, that to the extent such representation or warranty relates to a specific prior date, such representation or
warranty shall be true and correct in all material respects (other than those representations and warranties that are expressly qualified by a Material Adverse Effect or other materiality, in which case such representations and warranties shall be
true and correct in all respects) only as of such specific prior date; (C) the representations and warranties in the Acquisition Agreement made by or with respect to the Person or assets subject to the Permitted Acquisition that are material to
the interests of the Lenders shall be true and correct in all material respects, but only to the extent that Holdings, the Borrower and/or any of its Restricted Subsidiaries, as applicable, has the right to terminate its or their obligations under
the Acquisition Agreement or not consummate such Permitted Acquisition as a result of a breach of such representations in such Acquisition Agreement and (D) the reference to “no Default or Event of Default” in
Section 3.3(a) shall mean (1) the absence of a Default or Event of Default at the date the applicable Acquisition Agreement is executed and delivered and (2) the absence of a Specified Event of Default at the date
the applicable Permitted Acquisition is consummated. For purposes of clarity, the establishment of Incremental Revolving Commitments shall not be subject at any time to the Incremental Funds Certain Provision. Nothing in the foregoing constitutes a
waiver of any Default or Event of Default under this Agreement or of any rights or remedies of Lenders and the Administrative Agent under any provision of the Loan Documents. The provisions of this paragraph are collectively referred to in this
Agreement as the “Incremental Funds Certain Provision”. 
 For purposes of determining compliance on
a Pro Forma Basis with the financial covenants in Article VI or other ratio requirement under this Agreement, or whether a Default or Event of Default has occurred and is continuing, in each case in connection with the consummation of an
Acquisition using proceeds from an Incremental Term Loan that qualifies to be subject to the Incremental Funds Certain Provision, the date of determination shall, at the option of the Borrower, 

  
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be (A) the date of funding of such Incremental Term Loan, or (B) the date of execution of such Acquisition Agreement, and such determination shall be made after giving effect to such
Acquisition (and the other transactions to be entered into in connection therewith, including any incurrence of Indebtedness and the use of proceeds thereof) on a Pro Forma Basis, and, for the avoidance of doubt, if such financial covenants or other
ratio requirement is subsequently breached as a result of fluctuations in the ratio that is subject of such financial covenants or other ratio requirement (including due to fluctuations in Consolidated EBITDA of Holdings, the Borrower and its
Restricted Subsidiaries on a consolidated basis or the EBITDA (calculated in a manner consistent with the calculation of Consolidated EBITDA) of the acquired Person or assets), at or prior to the consummation of such Acquisition (and the other
transactions to be entered into in connection therewith), such financial covenants or other ratio requirement will not be deemed to have been breached as a result of such fluctuations solely for the purpose of determining whether such Acquisition
(and the other transactions to be entered into in connection therewith) constitutes a Permitted Acquisition; provided; that (x) if the Borrower elects to have such determination occur at the time of entry into the
applicable Acquisition Agreement (and not at the time of consummation of the Acquisition), (I) the Incremental Term Loan to be incurred shall be deemed incurred at the time of such election (unless the applicable Acquisition Agreement is terminated
without actually consummating the applicable Permitted Acquisition, in which case such Acquisition and related Incremental Term Loan will not be treated as having occurred) and outstanding thereafter for purposes of calculating compliance, on a Pro
Forma Basis, with any applicable financial covenants or other ratio requirement in this Agreement (even if unrelated to determining whether such Acquisition is a Permitted Acquisition) and (II) such Permitted Acquisition must close within
ninety (90) days (or such later date as Administrative Agent may agree in writing) of the signing of the applicable Acquisition Agreement and (y) EBITDA (calculated in a manner consistent with the calculation of Consolidated EBITDA) of the
acquired business shall be disregarded for all purposes under this Agreement other than determining whether such Acquisition is a Permitted Acquisition until the consummation of such Permitted Acquisition. 

(d) For purposes of this Section 2.25, the following terms shall have the meanings specified below:

 (i) “Initial Yield” shall mean, with respect to Incremental Term Loans or Incremental Revolving
Commitments, the amount (as determined by the Administrative Agent) equal to the sum of (A) the margin above the Adjusted LIBO Rate on such Incremental Term Loans or such Incremental Revolving Commitment, as applicable (including as margin the
effect of any “LIBOR floor” applicable on the date of the calculation), plus (B) (x) the amount of any Up-Front Fees on such Incremental Term Loans or such Incremental Revolving Commitments, as
applicable (including any fee or discount received by the Lenders in connection with the initial extension thereof), divided by (y) the lesser of (1) the Weighted Average Life to Maturity of such Incremental Term Loans or such Incremental
Revolving Commitments, as applicable, and (2) four. 
 (ii) “Up-Front
Fees” shall mean the amount of any fees or discounts received by the Lenders in connection with the making of Loans or extensions of credit, expressed as a percentage of such Loan or extension of credit. For the avoidance of doubt, “Up-Front Fees” shall not include any arrangement fee paid to any Arranger. 

  
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 (iii) “Weighted Average Life to Maturity” shall
mean, when applied to any Indebtedness at any date, the number of years obtained by dividing (i) the sum of the products obtained by multiplying (x) the amount of each then remaining installment, sinking fund, serial maturity or other
required payments of principal, including payment at final maturity, in respect thereof, by (y) the number of years (calculated to the nearest one-twelfth) that will elapse between such date and the
making of such payment by (ii) the then outstanding principal amount of such Indebtedness. 
 Section 2.26
Defaulting Lenders. 
 (a) If a Lender holding a Revolving Commitment becomes, and during the period it
remains, a Defaulting Lender, the following provisions shall apply, notwithstanding anything to the contrary in this Agreement: 

(i) the LC Exposure and the Swingline Exposure of such Defaulting Lender will, subject to the limitation in the proviso below,
automatically be reallocated (effective no later than one (1) Business Day after the Administrative Agent has actual knowledge that such Lender with a Revolving Commitment has become a Defaulting Lender) among the
Non-Defaulting Lenders pro rata in accordance with their respective Revolving Commitments (calculated as if the Defaulting Lender’s Revolving Commitment was reduced to zero and each Non-Defaulting Lender’s Revolving Commitment had been increased proportionately); provided that the sum of each Non-Defaulting Lender’s total Revolving Credit
Exposure may not in any event exceed the Revolving Commitment of such Non-Defaulting Lender as in effect at the time of such reallocation; and 

(ii) to the extent that any portion (the “unreallocated portion”) of the LC Exposure and the Swingline Exposure of
any Defaulting Lender cannot be reallocated pursuant to Section 2.26(a)(i) above for any reason, the Borrower will, not later than two (2) Business Days after demand by the Administrative Agent (at the direction of the
Issuing Bank and/or the Swingline Lender), (x) Cash Collateralize the obligations of the Defaulting Lender to such Issuing Bank or the Swingline Lender in respect of such LC Exposure or such Swingline Exposure, as the case may be, in an amount at
least equal to the aggregate amount of the unreallocated portion of the LC Exposure and the Swingline Exposure of such Defaulting Lender, (y) in the case of such Swingline Exposure, prepay and/or Cash Collateralize in full the unreallocated
portion thereof, or (z) make other arrangements satisfactory to the Administrative Agent, the applicable Issuing Bank and the Swingline Lender in their sole discretion to protect them against the risk of
non-payment by such Defaulting Lender; 
 provided that neither any such reallocation nor any
payment by a Non-Defaulting Lender pursuant thereto nor any such Cash Collateralization or reduction will constitute a waiver or release of any claim the Borrower, the Administrative Agent, any Issuing Bank,
the Swingline Lender or any other Lender may have against such Defaulting Lender or cause such Defaulting Lender to be a Non-Defaulting Lender. 

(b) If the Borrower, the Administrative Agent, the Issuing Banks and the Swingline Lender agree in writing in their discretion
that any Defaulting Lender has ceased to be a Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice, and subject to any conditions set forth therein, the LC
Exposure and the Swingline Exposure of the other Lenders shall be readjusted to reflect the inclusion of such Lender’s Commitment, and such Lender will purchase at par such portion of outstanding Revolving

  
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Loans of the other Lenders and/or make such other adjustments as the Administrative Agent may determine to be necessary to cause the Revolving Credit Exposure of the Lenders to be on a pro
rata basis in accordance with their respective Revolving Commitments, whereupon such Lender will cease to be a Defaulting Lender and will be a Non-Defaulting Lender (and such Revolving Credit Exposure of
each Lender will automatically be adjusted on a prospective basis to reflect the foregoing). If any Cash Collateral has been posted with respect to the LC Exposure or the Swingline Exposure of such Defaulting Lender, the Administrative Agent will
promptly return such Cash Collateral to the Borrower; provided that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the Borrower while such Lender was a Defaulting Lender;
provided, further, that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Non-Defaulting Lender will constitute a waiver or
release of any claim of any party hereunder arising from such Lender’s having been a Defaulting Lender. 
 (i) So long
as any Lender is a Defaulting Lender, no Issuing Bank will be required to issue, amend, extend, renew or increase any Letter of Credit, and the Swingline Lender will not be required to fund any Swingline Loans, as applicable, unless it is satisfied
that one hundred percent (100%) of the related LC Exposure and Swingline Exposure after giving effect thereto is fully covered or eliminated by any combination satisfactory to the applicable Issuing Bank or the Swingline Lender, as the case may be,
of the following: 
 (ii) in the case of a Defaulting Lender, the Swingline Exposure and the LC Exposure of such Defaulting
Lender is reallocated to the Non-Defaulting Lenders as provided in Section 2.26(a)(i); 

(iii) in the case of a Defaulting Lender, without limiting the provisions of Section 2.26(a)(ii), the
Borrower Cash Collateralizes its reimbursement obligations in respect of such Letter of Credit or such Swingline Loan in an amount at least equal to the aggregate amount of the unreallocated obligations (contingent or otherwise) of such Defaulting
Lender in respect of such Letter of Credit or such Swingline Loan, or the Borrower makes other arrangements satisfactory to the Administrative Agent, the applicable Issuing Bank and the Swingline Lender, as the case may be, in their sole discretion
to protect them against the risk of non-payment by such Defaulting Lender; and 

(iv) in the case of a Defaulting Lender, the Borrower agrees that the face amount of such requested Letter of Credit or the
principal amount of such requested Swingline Loan will be reduced by an amount equal to the unreallocated, non-Cash Collateralized portion thereof as to which such Defaulting Lender would otherwise be liable,
in which case the obligations of the Non-Defaulting Lenders in respect of such Letter of Credit or such Swingline Loan will, subject to the limitation in the proviso below, be on a pro rata basis in
accordance with the Commitments of the Non-Defaulting Lenders, and the pro rata payment provisions of Section 2.22 will be deemed adjusted to reflect this provision;
provided that the sum of each Non-Defaulting Lender’s total Revolving Credit Exposure may not in any event exceed the Revolving Commitment of such
Non-Defaulting Lender as in effect at the time of such reduction. 

  
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 Section 2.27 Refinancing Facilities. 

(a) The Borrower may from time to time, add one or more tranches of term loans or revolving credit facilities to this Agreement
(each a “Refinancing Facility”) pursuant to an agreement in writing entered into by the Loan Parties, the Administrative Agent and each Person (including any existing Lender) that agrees to provide a portion of such
Refinancing Facility (each a “Refinancing Facility Amendment”) pursuant to procedures reasonably specified by the Administrative Agent to refinance all or any portion of any outstanding Term Loan or any Revolving Loan then in
effect; provided, that: 
 (i) such Refinancing Facility shall not have a principal or commitment amount (or
accreted value) greater than the Loans and, in the case of a revolving facility, the Revolving Loans and any undrawn available commitments in respect of such revolving facility being refinanced (plus accrued interest, fees, discounts, premiums and
reasonable expenses); 
 (ii) no Default or Event of Default shall exist on the effective date of such Refinancing Facility
or would exist after giving effect to such Refinancing Facility; 
 (iii) no existing Lender shall be under any obligation to
provide a commitment to such Refinancing Facility and any such decision whether to provide a commitment to such Refinancing Facility shall be in such Lender’s sole and absolute discretion; 

(iv) such Refinancing Facility shall be in an aggregate principal amount of at least $25,000,000 and each commitment of a
Lender to such Refinancing Facility shall be in a minimum principal amount of at least $5,000,000, in the case of a Refinancing Revolving Facility and at least $1,000,000 in the case of a Refinancing Term Loan (or, in each case, such lesser amounts
as the Administrative Agent and the Borrower may agree); 
 (v) each Person providing a commitment to such Refinancing
Facility shall meet the requirements in Section 10.04(b); 
 (vi) the Borrower shall deliver to the
Administrative Agent: 
 (A) a certificate of each Loan Party dated as of the date of such Refinancing Facility signed by a
Responsible Officer of such Loan Party (1) attaching evidence of appropriate corporate authorization on the part of such Loan Party with respect to such Refinancing Facility as the Administrative Agent may reasonably request and (2) in the
case of the Borrower, certifying that, before and after giving effect to such Refinancing Facility, (I) all representations and warranties of each Loan Party set forth in the Loan Documents shall be true and correct in all material respects
(other than those representations and warranties that are expressly qualified by a Material Adverse Effect or other materiality, in which case such representations and warranties shall be true and correct in all respects); provided, that to
the extent such representation or warranty relates to a specific prior date, such representation or warranty shall be true and correct in all material respects (other than those representations and warranties that are expressly qualified by a
Material Adverse Effect or other materiality, in which case such representations and warranties shall be true and correct in all respects) only as of such specific prior date, and (II) no Default or Event of Default shall exist; 

  
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 (B) such amendments to the other Loan Documents as the Administrative Agent
may reasonably request to reflect such Refinancing Facility; 
 (C) customary opinions of legal counsel to the Loan Parties
as the Administrative Agent may reasonably request, addressed to the Administrative Agent and each Lender (including each Person providing any commitment under any Refinancing Facility), dated as of the effective date of such Refinancing Facility;

 (D) to the extent requested by any Lender (including each Person providing any commitment under any Refinancing
Facility), executed promissory notes evidencing such Refinancing Facility, issued by the Borrower in accordance with Section 2.11(b); and 

(E) any other certificates or documents that the Administrative Agent shall reasonably request, in form and substance
reasonably satisfactory to the Administrative Agent. 
 (vii) the Administrative Agent shall have received documentation from
each Person providing a commitment to such Refinancing Facility evidencing such Person’s commitment and such Person’s obligations under this Agreement in form and substance reasonably acceptable to the Administrative Agent; 

(viii) such Refinancing Facility (A) shall rank pari passu in right of payment as the other Loans and Commitments;
(B) shall not be guaranteed by any Person that is not a Guarantor; and (C) if the Trigger Event has not occurred, shall be unsecured and, if the Trigger Event has occurred, shall be secured on a pari passu basis; 

(ix) such Refinancing Facility shall have such interest rates, interest rate margins, fees, discounts, prepayment premiums,
amortization and a final maturity date as agreed by the Loan Parties and the Lenders providing such Refinancing Facility; provided that (A) to the extent refinancing a Revolving Loan and constituting a Refinancing Revolving Facility,
such Refinancing Facility shall have a termination date no earlier than the Revolving Commitment Termination Date and (B) to the extent refinancing a Term Loan or constituting term loan facilities, such Refinancing Term Loan shall have a
maturity date no earlier than the latest then existing Maturity Date, and will have a Weighted Average Life to Maturity that is not shorter than the Weighted Average Life to Maturity of, the Term Loan being refinanced; 

(x) if such Refinancing Facility is a Refinancing Revolving Facility then (A) such Refinancing Facility shall have ratable
voting rights as the other Revolving Loans (or otherwise provide for more favorable voting rights for the then outstanding Revolving Loans) and (B) such Refinancing Facility may provide for the issuance of Letters of Credit for the account of
Holdings, the Borrower and its Restricted Subsidiaries on terms substantially equivalent to the terms applicable to Letters of Credit under the existing revolving credit facilities or the making of swing line loans to the Borrower on terms
substantially equivalent to the terms applicable to Swingline Loans under the existing revolving credit facilities; 

  
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 (xi) each Borrowing of Revolving Loans and participations in Letters of
Credit pursuant to Section 2.24 shall be allocated pro rata among the Revolving Loans; 
 (xii)
subject to Section 2.27(a)(ix) above, such Refinancing Facility will have terms and conditions that are substantially identical to, or less favorable, when taken as a whole (as determined by the Borrower in its reasonable
judgment), to the Lenders providing such Refinancing Facility than, the terms and conditions of the Revolving Loan or Term Loan being refinanced; provided, however, that such Refinancing Facility may provide for any additional or
different financial or other covenants or other provisions that are agreed among the Borrower and the Lenders thereof and applicable only during periods after the then latest Revolving Commitment Termination Date or latest Maturity Date in effect;
and 
 (xiii) substantially concurrent with the incurrence of such Refinancing Facility the Borrower shall apply the Net Cash
Proceeds of such Refinancing Facility to the prepayment of outstanding Loans being so refinanced (and, in the case of a Refinancing Facility that refinances a Revolving Loan, the Borrower shall permanently reduce the amount of the commitments to the
Revolving Loan being refinanced by the amount of the Net Cash Proceeds of such Refinancing Facility (other than Net Cash Proceeds applied to pay accrued interest, fees, discounts and premiums)). 

(b) The Lenders hereby authorize the Administrative Agent to enter into, and the Lenders agree that this Agreement and the
other Loan Documents shall be amended by, such Refinancing Facility Amendments to the extent (and only to the extent) the Administrative Agent deems necessary in order to establish Refinancing Facilities on terms consistent with and/or to effect the
provisions of this Section 2.27. The Administrative Agent shall promptly notify each Lender as to the effectiveness of each Refinancing Facility Amendment. In addition, if so provided in the Refinancing Facility Amendment
for a Refinancing Revolving Facility and with the consent of each Issuing Bank, participation in Letters of Credit under the existing revolving credit facilities shall be reallocated from Lenders holding revolving commitments under the existing
revolving credit facilities which are being refinanced to Lenders holding revolving commitments under such Refinancing Revolving Facility in accordance with the terms of such Refinancing Facility Amendment. 

Section 2.28 Extension of Revolving Loans and Term Loans. The Borrower may from time to time, subject
to the consent of the Administrative Agent, make one or more offers to all the Lenders holding a Revolving Commitment or to all of the Lenders holding a Term Loan to make one or more amendments or modifications to (a) allow the maturity and
scheduled amortization (if any) of such Loans and Commitments of the accepting Lenders to be extended and (b) increase or decrease the Applicable Margin, Applicable Percentage, and/or fees payable with respect to such Loans and Commitments (if
any) of the accepting Lenders (“Permitted Amendments”) pursuant to procedures reasonably specified by the Administrative Agent. Permitted Amendments shall become effective only with respect to the Loans and/or Commitments of
the Lenders that accept the applicable offer (such Lenders, the “Accepting Lenders”) and, in the case of any Accepting Lender, only with respect to such Lender’s Loans and/or Commitments as to which such Lender’s
acceptance has been made. Each Loan Party and each Accepting Lender shall execute and deliver to the Administrative Agent such written agreements as the Administrative Agent shall reasonably require to evidence the acceptance of the Permitted
Amendments and the terms and conditions thereof, and the Loan Parties shall also deliver such certified resolutions, legal opinions and other documents as requested by the Administrative Agent. The Administrative Agent shall promptly notify each

  
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Lender as to the effectiveness of any Permitted Amendment. Each of the parties hereto hereby agrees that (x) upon the effectiveness of any Permitted Amendment, this Agreement shall be deemed
amended to the extent (but only to the extent) necessary to reflect the existence and terms of the Permitted Amendments evidenced thereby and only with respect to the Loans and Commitments of the Accepting Lenders as to which such Lenders’
acceptance has been made and (y) any applicable Lender who is not an Accepting Lender may be replaced by the Borrower in accordance with Section 2.23(b). 

ARTICLE III. 

CONDITIONS PRECEDENT TO EFFECTIVENESS 

Section 3.1 Conditions To Effectiveness. This Agreement shall not become effective until the date on
which each of the following conditions is satisfied (or waived in accordance with Section 10.2): 

(a) The Administrative Agent (or its counsel) shall have received the following: 

(i) a counterpart of this Agreement signed by or on behalf of each party hereto or written evidence satisfactory to the
Administrative Agent (which may include facsimile or form of electronic attachment (e.g., “.pdf” or “.tif”) transmission of a signed signature page of this Agreement) that such party has signed a counterpart of this Agreement;

 (ii) a duly executed Guarantee Agreement by Holdings and the Domestic Subsidiaries identified as Guarantors on Schedule
4.14 and (B) a duly executed Borrower Guarantee Agreement (with respect to the Hedging Obligations and Treasury Management Obligations of Holdings and the Restricted Subsidiaries of the Borrower); 

(iii) a certificate of the Secretary or Assistant Secretary of each Loan Party, substantially in the form attached hereto as
Exhibit 3.1(b)(iv), attaching and certifying copies of its bylaws or operating agreement, as applicable, and of the resolutions of its board of directors (or equivalent governing body), authorizing the execution, delivery and performance of
the Loan Documents to which it is a party and certifying the name, title and true signature of each officer of such Loan Party executing the Loan Documents to which it is a party; 

(iv) certified copies of the articles of incorporation or other charter documents of each Loan Party, together with
certificates of good standing or existence, as may be available from the Secretary of State of the jurisdiction of incorporation of such Loan Party; 

(v) a favorable written opinion of King & Spalding LLP, counsel to the Loan Parties, addressed to the Administrative
Agent and each of the Lenders, and covering such matters relating to the Loan Parties, the Loan Documents and the transactions contemplated therein as the Administrative Agent or the Required Lenders shall reasonably request; 

(vi) a certificate, dated the Effective Date substantially in the form attached hereto as Exhibit 3.1(b)(vii) and signed
by a Responsible Officer confirming compliance with the conditions set forth in Sections 3.3(a), (b) and (c); 

  
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 (vii) the Form 10 (including the information statement and other exhibits
contemplated thereby, in each case, in the form and to the extent so filed) in the form most recently filed (whether or not publicly) with the U.S. Securities and Exchange Commission prior to the Effective Date; 

(viii) all documentation and other information with respect to the Loan Parties that the Administrative Agent or such Lender
reasonably believes is required by regulatory authorities under applicable “know-your-customer” and anti-money laundering rules and regulations, including without limitation the Patriot Act; and 

(ix) such other documents, certificates, information or legal opinions as the Administrative Agent or the Lenders may
reasonably request, all in form and substance satisfactory to the Administrative Agent and the Lenders. 
 For purposes of determining compliance with the
conditions specified in this Section 3.1, each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to
be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the proposed Effective Date specifying its objection thereto. 

Section 3.2 Conditions to Funding Availability Date. The obligation of each Lender to
make a Loan and of any Issuing Bank to issue, amend, renew or extend any Letter of Credit, on the Funding Availability Date is subject to the satisfaction of the following conditions: 

(a) The Effective Date shall have occurred. 

(b) The Termination Date shall not have occurred. 

(c) The Restructuring shall have occurred (or substantially concurrently with the Funding Availability Date, will occur). 

(d) The Administrative Agent (or its counsel) shall have received the following: 

(i) if requested by any Lender, a Note for such Lender; 

(ii) a certificate of the Secretary or Assistant Secretary of each Loan Party certifying that its articles of incorporation or
other charter documents, as applicable, bylaws or operating agreement, as applicable, and the resolutions of its board of directors (or equivalent governing body) delivered to the Administrative Agent on the Effective Date, have not been amended or
superseded since the Effective Date (or if any of the same have been amended or superseded, attaching such amended or superseded articles of incorporation or other charter documents, bylaws or operating agreement, and/or resolutions of its board of
directors); 
 (iii) a favorable written opinion of King & Spalding LLP, counsel to the Loan Parties, addressed to
the Administrative Agent and each of the Lenders, and covering such matters relating to the Loan Parties, the Loan Documents and the transactions contemplated therein as the Administrative Agent or the Required Lenders shall reasonably request; 

  
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 (iv) all obligations (other than contingent indemnification obligations for
which no demand has been made) under the Existing Credit Agreement shall have been repaid in full (or substantially concurrently with the Funding Availability Date, will be repaid in full) and the Existing Credit Agreement shall have been
terminated; 
 (v) a solvency certificate, dated as of the Funding Availability Date and signed by the chief financial
officer of Borrower, confirming that the Borrower is Solvent, and Holdings, the Borrower and its Restricted Subsidiaries on a consolidated basis, are Solvent before and after giving effect to any Revolving Loans and any other extensions of credit on
the Funding Availability Date and the consummation of the other transactions contemplated herein; and 
 (vi) a duly executed
Notice of Borrowing. 
 (e) The Administrative Agent shall have received all fees and other amounts due and payable on or prior to the
Funding Availability Date, including reimbursement or payment of all out-of-pocket expenses (including reasonable fees, charges and disbursements of counsel to the
Administrative Agent) required to be reimbursed or paid by the Borrower hereunder, under any other Loan Document and under any agreement with the Administrative Agent or the Arrangers. 

Section 3.3 Each Credit Event. The obligation of each Lender to make a Loan on the occasion of any
Borrowing and of any Issuing Bank to issue, amend, renew or extend any Letter of Credit (including a request for a credit extension relating to an advance under a Refinancing Facility), is subject to the satisfaction of the following conditions, in
each case, subject to the Incremental Funds Certain Provision, as applicable: 
 (a) at the time of and immediately after
giving effect to such Borrowing or the issuance, amendment, renewal or extension of such Letter of Credit, as applicable, no Default or Event of Default shall exist; and 

(b) at the time of and immediately after giving effect to such Borrowing or the issuance, amendment, renewal or extension of
such Letter of Credit, as applicable, all representations and warranties of each Loan Party set forth in the Loan Documents shall be true and correct in all material respects (other than those representations and warranties that are expressly
qualified by Material Adverse Effect or other materiality, in which case such representations and warranties shall be true and correct in all respects); provided, that to the extent such representation or warranty relates to a specific prior
date, such representation or warranty shall be true and correct in all material respects (other than those representations and warranties that are expressly qualified by Material Adverse Effect or other materiality, in which case such
representations and warranties shall be true and correct in all respects) only as of such specific prior date; 
 (c) since
the date of the audited financial statements of the Borrower described in Section 4.4, there shall have been no change which has had or could reasonably be expected to have a Material Adverse Effect; and 

(d) the Borrower shall have delivered the required Notice of Borrowing or written notice requesting the issuance of a Letter of
Credit as required under Section 2.24, as applicable. 

  
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 Each Borrowing and each issuance, amendment, extension or renewal of any Letter of Credit
(including a request for a credit extension relating to an advance under a Refinancing Facility) shall be deemed to constitute a representation and warranty by the Borrower on the date thereof as to the matters specified in
Sections 3.3(a), (b) and (c). 
 Section 3.4 Delivery of
Documents. All of the Loan Documents, certificates, legal opinions and other documents and papers referred to in this Article III, unless otherwise specified, shall be delivered to the Administrative Agent for the account of each of
the Lenders and shall be in form and substance satisfactory in all respects to the Administrative Agent. 
 ARTICLE IV. 

REPRESENTATIONS AND WARRANTIES 

Each of Holdings and the Borrower represents and warrants to the Administrative Agent and each Lender as follows: 

Section 4.1 Existence; Power. Holdings, the Borrower and each of its Restricted Subsidiaries
(a) is duly organized, validly existing and in good standing as a corporation, partnership or limited liability company under the laws of the jurisdiction of its organization, (b) has all requisite power and authority to carry on its
business as now conducted, and (c) is duly qualified to do business, and is in good standing, in each jurisdiction where such qualification is required, except where a failure to be so qualified could not reasonably be expected to result in a
Material Adverse Effect. 
 Section 4.2 Organizational Power; Authorization. The execution, delivery
and performance by each Loan Party of the Transaction Documents to which it is a party are within such Loan Party’s organizational powers and have been duly authorized by all necessary organizational, and if required, partner, member or
stockholder, action. This Agreement has been duly executed and delivered by the Borrower, and constitutes, and each other Transaction Document to which any Loan Party is a party, when executed and delivered by such Loan Party, will constitute, valid
and binding obligations of the Borrower or such Loan Party (as the case may be), enforceable against it in accordance with their respective terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, or similar
laws affecting the enforcement of creditors’ rights generally and by general principles of equity. 
 Section 4.3
Governmental Approvals; No Conflicts. The execution, delivery and performance by Holdings and the Borrower of this Agreement, and by each Loan Party of the other Transaction Documents to which it is a party (a) do not require
any consent or approval of, registration or filing with, or any action by, any Governmental Authority, except those as have been obtained or made and are in full force and effect or where the failure to do so, individually or in the aggregate, could
not reasonably be expected to have a Material Adverse Effect, (b) will not violate any applicable law or regulation or the charter, by-laws or other organizational documents of Holdings, the Borrower or
any of its Restricted Subsidiaries or any judgment or order of any Governmental Authority binding on Holdings, the Borrower or any of its Restricted Subsidiaries, (c) will not violate or result in a default under any indenture, material
agreement or other material instrument binding on Holdings, the Borrower or any of its Restricted Subsidiaries or any of its assets or give rise to a right thereunder to require any payment to be made by Holdings, the Borrower or any of its
Restricted Subsidiaries and (d) will not result in the creation or imposition of any Lien on any asset of Holdings, the Borrower or any of its Restricted Subsidiaries, except Liens (if any) created under the Loan Documents. 

  
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 Section 4.4 Financial Statements. The Borrower has
furnished to each Lender the audited consolidated balance sheet of the Borrower and its Restricted Subsidiaries as of December 31, 2019, and the related consolidated statements of income, shareholders’ equity and cash flows for the Fiscal
Year then ended prepared by Ernst & Young. Such financial statements fairly present the consolidated financial condition of the Borrower and its Restricted Subsidiaries as of such dates and the consolidated results of operations for such
periods in conformity with GAAP consistently applied. Since December 31, 2019, there have been no changes with respect to Holdings, the Borrower and its Restricted Subsidiaries which have had or could reasonably be expected to have, singly or
in the aggregate, a Material Adverse Effect. 
 Section 4.5 Litigation and Environmental Matters.

 (a) No litigation, investigation or proceeding of or before any arbitrators or Governmental Authorities is pending against
or, to the knowledge of the Borrower, threatened against or affecting Holdings, the Borrower or any of its Restricted Subsidiaries (i) as to which there is a reasonable possibility of an adverse determination that could reasonably be expected
to have, either individually or in the aggregate, a Material Adverse Effect or (ii) which in any manner draws into question the validity or enforceability of this Agreement or any other Transaction Document. 

(b) Except as could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect, none of
Holdings, the Borrower or any of its Restricted Subsidiaries (i) has failed to comply in any material respect with any Environmental Law or to obtain, maintain or comply with any permit, license or other approval required under any
Environmental Law or (ii) has become subject to any Environmental Liability. None of Holdings, the Borrower or any of its Restricted Subsidiaries (x) has received notice of any claim with respect to any Environmental Liability or
(y) knows of any basis for any Environmental Liability that, in each case, could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. 

Section 4.6 Compliance with Laws and Agreements. Holdings, the Borrower and each Restricted Subsidiary
is in compliance with (a) all applicable laws, rules, regulations and orders of any Governmental Authority, and (b) all indentures, agreements or other instruments binding upon it or its properties, except where non-compliance, either singly or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. 

Section 4.7 Investment Company Act, Etc. None of Holdings, the Borrower or any of its Restricted
Subsidiaries is (a) an “investment company” or is “controlled” by an “investment company”, as such terms are defined in, or subject to regulation under, the Investment Company Act of 1940, as amended, or
(b) otherwise subject to any other regulatory scheme limiting its ability to incur debt. 
 Section 4.8
Taxes. Holdings, the Borrower and its Restricted Subsidiaries and each other Person for whose taxes Holdings, the Borrower or any Restricted Subsidiary could become liable have timely filed or caused to be filed all Federal income
tax returns and all other tax returns that are required to be filed by them, and have paid all taxes shown to be due and payable on such returns or on any assessments made against it or its property and all other taxes, fees or other charges imposed
on it or any of its property by any Governmental Authority, except (a) to the extent the failure to do so would not have a Material Adverse Effect or (b) where the same are currently being contested in good faith by appropriate proceedings
and for which Holdings, the Borrower or such Restricted Subsidiary, as the case may be, has set aside on its books adequate reserves. The charges, accruals and reserves on the books of Holdings, the Borrower and its Restricted Subsidiaries in
respect of such taxes are adequate, and no tax liabilities that could be materially in excess of the amount so provided are anticipated. 

  
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 Section 4.9 Margin Regulations. None of the proceeds
of any of the Loans or Letters of Credit will be used, directly or indirectly, for “purchasing” or “carrying” any “margin stock” with the respective meanings of each of such terms under Regulation U or for any purpose
that violates the provisions of the Regulation T, U or X. None of Holdings, the Borrower or its Restricted Subsidiaries is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing
or carrying “margin stock.” 
 Section 4.10 ERISA. No ERISA Event has occurred or is
reasonably expected to occur that, when taken together with all other such ERISA Events for which liability is reasonably expected to occur, could reasonably be expected to result in a Material Adverse Effect. The present value of all accumulated
benefit obligations under each Plan (based on the assumptions used for purposes of Statement of Financial Standards No. 87) did not, as of the date of the most recent financial statements reflecting such amounts, exceed by more than $20,000,000
the fair market value of the assets of such Plan, and the present value of all accumulated benefit obligations of all underfunded Plans (based on the assumptions used for purposes of Statement of Financial Standards No. 87) did not, as of the
date of the most recent financial statements reflecting such amounts, exceed by more than $20,000,000 the fair market value of the assets of all such underfunded Plans. 

Section 4.11 Ownership of Property. 

(a) Each of Holdings, the Borrower and its Restricted Subsidiaries has good title to, or valid leasehold interests in, all of
its real and personal property material to the operation of its business. 
 (b) Each of Holdings, the Borrower and its
Restricted Subsidiaries owns, or is licensed, or otherwise has the right, to use, all patents, trademarks, service marks, tradenames, copyrights and other intellectual property material to its business, and the use thereof by Holdings, the Borrower
and its Restricted Subsidiaries does not infringe on the rights of any other Person, except for any such infringements that, individually or in the aggregate, would not have a Material Adverse Effect. 

Section 4.12 Disclosure. 

(a) The Borrower has disclosed to the Lenders all agreements, instruments, and corporate or other restrictions to which
Holdings, the Borrower or any of its Restricted Subsidiaries is subject, and all other matters known to any of them, that, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect. None of the reports
(including without limitation all reports that the Borrower or Holdings is required to file with the Securities and Exchange Commission), financial statements, certificates or other written information furnished by or on behalf of the Borrower or
Holdings to the Administrative Agent or any Lender in connection with the negotiation or syndication of this Agreement or any other Loan Document or delivered hereunder or thereunder (as modified or supplemented by any other information so
furnished) contains any material misstatement of fact or omits to state any material fact necessary to make the statements therein, taken as a whole, in light of the circumstances under which they were made, not misleading; provided, that
with respect to projected financial information, each of Holdings and the Borrower represents only that such information was prepared in good faith based upon assumptions believed to be reasonable at the time. 

  
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 (b) As of the Effective Date, the information included in the Beneficial
Ownership Certification is true and correct in all respects. 
 Section 4.13 Labor Relations. There
are no strikes, lockouts or other material labor disputes or grievances against Holdings, the Borrower or any of its Restricted Subsidiaries, or, to the Borrower’s knowledge, threatened against or affecting Holdings, the Borrower or any of its
Restricted Subsidiaries, and no significant unfair labor practice, charges or grievances are pending against Holdings, the Borrower or any of its Restricted Subsidiaries, or to the Borrower’s knowledge, threatened against any of them before any
Governmental Authority. All payments due from Holdings, the Borrower or any of its Restricted Subsidiaries pursuant to the provisions of any collective bargaining agreement have been paid or accrued as a liability on the books of Holdings, the
Borrower or any such Restricted Subsidiary, except where the failure to do so could not reasonably be expected to have a Material Adverse Effect. 

Section 4.14 Subsidiaries. Schedule 4.14 sets forth the name of, the ownership interest of
Holdings in, the jurisdiction of incorporation of, and the type of, each Subsidiary and identifies each Subsidiary that is a Subsidiary Loan Party, in each case as of the Effective Date. 

Section 4.15 Solvency. After giving effect to the execution and delivery of the Loan Documents
(including the provisions of Sections 8, 9 and 23 of the Guarantee Agreement and Sections 8, 9 and 23 of the Borrower Guarantee Agreement) and the making of the Loans under this Agreement, (a) the Borrower is Solvent on the Effective
Date and (b) the Loan Parties on a consolidated basis are Solvent. 
 Section 4.16 Anti-Corruption Laws
and Sanctions. The Borrower and Holdings have implemented and maintain in effect policies and procedures designed to ensure compliance in all material respects by Holdings, the Borrower its Subsidiaries and their respective directors,
officers, employees and agents with Anti-Corruption Laws and applicable Sanctions, and Holdings, the Borrower its Subsidiaries and their respective officers (in such capacity), employees (in such capacity) and, to the knowledge of Holdings or the
Borrower, its directors and agents, are in compliance with Anti-Corruption Laws and applicable Sanctions. None of (a) Holdings, the Borrower any Subsidiary or any of their respective officers (in such capacity) or employees (in such capacity),
or (b) to the knowledge of Holdings or the Borrower, any director or agent of Holdings or any Subsidiary is a Sanctioned Person. No Borrowing or Letter of Credit, used by the Borrower, Holdings or any Subsidiary of the proceeds thereof or other
transactions contemplated hereby will violate Anti-Corruption Laws or applicable Sanctions. 
 Section 4.17
No Affected Financial Institutions. No Loan Party is an Affected Financial Institution. 

Section 4.18 Inactive Subsidiaries. The Inactive Subsidiaries do not (a) have assets with an
aggregate book value in excess of $1,000,000, (b) have revenue in excess of $1,000,000 in the aggregate and (c) conduct any business activities. 

Section 4.19 Collateral Representations. 

After the execution and delivery of the Collateral Documents following the occurrence of the Trigger Event in accordance with
Section 5.12: 

  
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 (a) The provisions of the Collateral Documents are effective to create in
favor of the Administrative Agent, for the benefit of the holders of the Obligations, a legal, valid and enforceable first priority Lien (subject to Liens permitted by Section 7.2) on all right, title and interest of the
respective Loan Parties in the Collateral described therein. Except for filings completed prior to the occurrence of the Trigger Event and as contemplated hereby and by the Collateral Documents, no filing or other action will be necessary to perfect
or protect such Liens. 
 (b) No Mortgage encumbers improved real property that is located in an area that has been
identified by the Secretary of Housing and Urban Development as an area having special flood hazards and in which flood insurance has been made available under the National Flood Insurance Act of 1968, except to the extent that the applicable Loan
Party maintains flood insurance with respect to such improved real property in compliance with the requirements of Section 4.19(c). 

(c) Each Loan Party maintains, if available, fully paid flood hazard insurance on all Flood Hazard Properties, with such
deductibles as are commercially acceptable for Persons of established reputation engaged in similar business as the Loan Parties and on such terms and in such amounts as required by Flood Insurance Laws or as otherwise reasonably required by the
Administrative Agent. 
 ARTICLE V. 

AFFIRMATIVE COVENANTS 

Each of Holdings and the Borrower covenant and agree that so long as any Lender has a Commitment hereunder or the principal of and interest on
any Loan or any fee or any LC Disbursement remains unpaid or any Letter of Credit remains outstanding: 
 Section 5.1
Financial Statements and Other Information. The Borrower will deliver to the Administrative Agent and each Lender: 

(a) as soon as available and in any event within ninety (90) days after the end of each Fiscal Year, a copy of the annual
audited report for such Fiscal Year for Holdings, the Borrower and its Restricted Subsidiaries, containing a consolidated balance sheet of Holdings, the Borrower and its Restricted Subsidiaries as of the end of such Fiscal Year and the related
consolidated statements of income, stockholders’ equity and cash flows (together with all footnotes thereto) of Holdings, the Borrower and its Restricted Subsidiaries for such Fiscal Year, setting forth in each case in comparative form the
figures for the previous Fiscal Year, all in reasonable detail and reported on by Ernst & Young or other independent public accountants of nationally recognized standing (without a “going concern” or like qualification, exception
or explanation and without any qualification or exception as to scope of such audit) to the effect that such financial statements present fairly in all material respects the financial condition and the results of operations of Holdings, the Borrower
and its Restricted Subsidiaries for such Fiscal Year on a consolidated basis in accordance with GAAP and that the examination by such accountants in connection with such consolidated financial statements has been made in accordance with generally
accepted auditing standards. It is understood and agreed that the requirements of this Section 5.1(a) (x) shall be satisfied by delivery of the applicable annual report on Form
10-K of Holdings to the Securities and Exchange Commission if delivered within the applicable time period noted herein and is available to the Lenders on EDGAR and (y) are effective as of the Effective
Date; 

  
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 (b) as soon as available and in any event within forty-five (45) days
after the end of each Fiscal Quarter of each Fiscal Year (other than the last Fiscal Quarter), an unaudited consolidated balance sheet of Holdings, the Borrower and its Restricted Subsidiaries as of the end of such Fiscal Quarter and the related
unaudited consolidated statements of income and cash flows of Holdings, the Borrower and its Restricted Subsidiaries for such Fiscal Quarter and the then elapsed portion of such Fiscal Year, setting forth in each case in comparative form the figures
for the corresponding quarter and the corresponding portion of the previous Fiscal Year, all certified by the chief financial officer, treasurer or controller of the Borrower as presenting fairly in all material respects the financial condition and
results of operations of Holdings, the Borrower and its Restricted Subsidiaries on a consolidated basis in accordance with GAAP, subject to normal year-end audit adjustments and the absence of footnotes. It is
understood and agreed that the requirements of this Section 5.1(b) (x) shall be satisfied by delivery of the applicable quarterly report on Form 10-Q of Holdings to the
Securities and Exchange Commission if delivered within the applicable time period noted herein and is available to the Lenders on EDGAR and (y) are effective as of the Effective Date; 

(c) concurrently with the delivery of the financial statements referred to in Sections 5.1(a) and (b) above,
a certificate of a Responsible Officer, (i) certifying as to whether there exists a Default or Event of Default on the date of such certificate, and if a Default or an Event of Default then exists, specifying the details thereof and the action
which the Borrower has taken or proposes to take with respect thereto, (ii) setting forth in reasonable detail calculations demonstrating compliance with Article VI and (iii) stating whether any change in GAAP or the application
thereof has occurred since the date of the Borrower’s audited financial statements referred to in Section 4.4 and, if any change has occurred, specifying the effect of such change on the financial statements
accompanying such certificate; 
 (d) concurrently with the delivery of the financial statements referred to in
Section 5.1(a) above, a certificate of the accounting firm that reported on such financial statements stating whether they obtained any knowledge during the course of their examination of such financial statements of any
Default or Event of Default (which certificate may be limited to the extent required by accounting rules or guidelines); 

(e) promptly after the same become publicly available, copies of all periodic and other reports, proxy statements and other
materials filed with the Securities and Exchange Commission, or any Governmental Authority succeeding to any or all functions of the Securities and Exchange Commission, or with any national securities exchange, or distributed by Holdings to its
shareholders generally, as the case may be, it being agreed that the requirements of this Section 5.1(e) may be satisfied by the delivery of the applicable reports, statements or other materials to the Securities and
Exchange Commission to the extent that such reports, statements or other materials are available to the Lenders on EDGAR; 

(f) promptly following any request therefor, such other information regarding the results of operations, business affairs and
financial condition of Holdings, the Borrower or any Restricted Subsidiary as the Administrative Agent or any Lender may reasonably request; 

  
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 (g) as soon as available and in any event within 60 days after the end of
each Fiscal Year, a forecasted income statement, balance sheet, and statement of cash flows for the following Fiscal Year, in each case, on a quarter by quarter basis for such forecasted Fiscal Year information; and 

(h) concurrently with the delivery of the financial statements referred to in Sections 5.1(a) and (b), for any
period in which there exist any Unrestricted Subsidiaries, unaudited consolidating financial statements reflecting adjustments necessary to eliminate the accounts of Unrestricted Subsidiaries (if any) from such financial statements delivered
pursuant to Section 5.1(a) and (b), all in reasonable detail and certified by the chief executive officer, chief financial officer, treasurer or controller of the Borrower as fairly presenting in all material
respects the financial condition, results of operations, shareholders’ equity and cash flows of Holdings, the Borrower and its Restricted Subsidiaries in accordance with GAAP, subject only to normal
year-end audit adjustments and the absence of footnotes. 
 Section 5.2
Notices of Material Events. The Borrower will furnish to the Administrative Agent and each Lender prompt written notice of the following: 

(a) the occurrence of any Default or Event of Default; 

(b) the filing or commencement of any action, suit or proceeding by or before any arbitrator or Governmental Authority against
or, to the knowledge of the Borrower, affecting Holdings, the Borrower or any Restricted Subsidiary which, if adversely determined, could reasonably be expected to result in a Material Adverse Effect; 

(c) the occurrence of any event or any other development by which Holdings, the Borrower or any of its Restricted Subsidiaries
(i) fails to comply with any Environmental Law or to obtain, maintain or comply with any permit, license or other approval required under any Environmental Law, (ii) becomes subject to any Environmental Liability in excess of $10,000,000,
(iii) receives notice of any claim with respect to any Environmental Liability in excess of $10,000,000 or (iv) becomes aware of any basis for any Environmental Liability in excess of $10,000,000 and in each of the preceding clauses, which
individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect; 
 (d) the occurrence
of any ERISA Event that alone, or together with any other ERISA Events that have occurred, could reasonably be expected to result in liability of Holdings, the Borrower and its Restricted Subsidiaries in an aggregate amount exceeding $10,000,000;

 (e) any change in the information provided in the Beneficial Ownership Certification that would result in a change to the
list of beneficial owners identified in parts (c) or (d) of such certification; and 
 (f) any other development that
results in, or could reasonably be expected to result in, a Material Adverse Effect. 
 Each notice delivered under this
Section 5.2 shall be accompanied by a written statement of a Responsible Officer setting forth the details of the event or development requiring such notice and any action taken or proposed to be taken with respect thereto.

  
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 Section 5.3 Existence; Conduct of Business. Holdings
will, and will cause each of its Restricted Subsidiaries to, do or cause to be done all things necessary to preserve, renew and maintain in full force and effect its legal existence and its respective rights, licenses, permits, privileges,
franchises, patents, copyrights, trademarks and trade names material to the conduct of its business and will continue to engage in (a) substantially the same business as presently conducted or such other businesses that are reasonably related
thereto, including but not limited to the business of leasing and selling furniture, consumer electronics, computers, appliances and other household goods and accessories inside and outside of the United States of America, through both
independently-owned and franchised stores, providing lease-purchase solutions, credit and other financing solutions to customers for the purchase and lease of such products, the manufacture and supply of furniture and bedding for lease and sale in
such stores, and the provision of virtual rent-to-own programs inside and outside of the United States of America (including but not limited to point-of-sale lease purchase programs), (b) any other businesses which are ancillary or complementary to, or reasonable extensions or expansions of, the business of Holdings,
the Borrower and its Restricted Subsidiaries as conducted as of the Effective Date, as reasonably determined in good faith by the Borrower and (c) any businesses that are materially different from the business of Holdings, the Borrower and its
Restricted Subsidiaries as conducted as of the Effective Date provided that any Investments made, funds expended or financial support provided by Holdings, the Borrower and/or its Restricted Subsidiaries in connection with such alternative lines of
business shall not exceed $25,000,000 in the aggregate at any time outstanding; provided, that nothing in this Section 5.3 shall prohibit any merger, consolidation, liquidation or dissolution permitted under
Section 7.3. 
 Section 5.4 Compliance with Laws, Etc. Holdings will, and
will cause each of its Restricted Subsidiaries to, comply with all laws, rules, regulations and requirements of any Governmental Authority applicable to its business and properties, including without limitation, all Environmental Laws, ERISA and
OSHA, except where the failure to do so, either individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. 

Section 5.5 Payment of Obligations. Holdings will, and will cause each of its Restricted Subsidiaries
to, pay and discharge at or before maturity, all of its obligations and liabilities (including without limitation all tax liabilities and claims that could result in a statutory Lien) before the same shall become delinquent or in default, except
where (a) the validity or amount thereof is being contested in good faith by appropriate proceedings, (b) Holdings, the Borrower or such Restricted Subsidiary has set aside on its books adequate reserves with respect thereto in accordance
with GAAP and (c) the failure to make payment pending such contest could not reasonably be expected to result in a Material Adverse Effect. 

Section 5.6 Books and Records. Holdings will, and will cause each of its Restricted Subsidiaries to,
keep proper books of record and account in which full, true and correct entries shall be made of all dealings and transactions in relation to its business and activities to the extent necessary to prepare the consolidated financial statements of
Borrower in conformity with GAAP. 
 Section 5.7 Visitation, Inspection, Etc. Holdings will, and
will cause each of its Restricted Subsidiaries to, permit any representative of the Administrative Agent or any Lender, to visit and inspect its properties, to examine its books and records and to make copies and take extracts therefrom, and to
discuss its affairs, finances and accounts with any of its officers and with its independent certified public accountants, all at such reasonable times and as often as the Administrative Agent or any Lender may reasonably request after reasonable
prior notice to the Borrower; provided, however, if a Default or an Event of Default has occurred and is continuing, no prior notice shall be required. All reasonable expenses incurred by the Administrative Agent and, at any time after
the occurrence and during the continuance of a Default or an Event of Default, any Lenders in connection with any such visit, inspection, audit, examination and discussions shall be borne by the Borrower. 

  
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 Section 5.8 Maintenance of Properties; Insurance.
Holdings will, and will cause each of its Restricted Subsidiaries to, (a) keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, except where the failure to
do so, either individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect and (b) maintain with financially sound and reputable insurance companies, insurance with respect to its properties and
business, and the properties and business of its Restricted Subsidiaries, against loss or damage of the kinds customarily insured against by companies in the same or similar businesses operating in the same or similar locations (including, after the
occurrence of the Trigger Event, flood insurance as described in the definition of Real Estate Documents). In addition, and not in limitation of the foregoing, Holdings shall maintain and keep in force insurance coverage on its inventory, as is
consistent with best industry practices. The Loan Parties shall at all times cause the Administrative Agent to be named as additional insured on all of its casualty and liability policies. Promptly after the occurrence of the Trigger Event, the Loan
Parties shall cause each issuer of an insurance policy to provide the Administrative Agent with an endorsement (i) showing the Administrative Agent as lender’s loss payee with respect to each policy of property or casualty insurance and
naming the Administrative Agent and each Lender as an additional insured with respect to each policy of liability insurance, (ii) providing that 30 days’ notice will be given to the Administrative Agent prior to any cancellation of,
material reduction or change in coverage provided by or other material modification to such policy and (iii) reasonably acceptable in all other respects to the Administrative Agent. 

Section 5.9 Use of Proceeds and Letters of Credit. The Borrower will use the proceeds of all Loans
(a) to finance working capital needs, (b) to refinance existing debt (including, without limitation, the remaining principal amount of the loans and accrued and unpaid interest thereon owing under the Existing Credit Agreement), (c) to
finance Permitted Acquisitions and (d) for other general corporate purposes of Holdings, the Borrower and its Restricted Subsidiaries, in each case, not in contravention of any law or Loan Document. No part of the proceeds of any Loan will be
used, whether directly or indirectly, for any purpose that would violate any rule or regulation of the Board of Governors of the Federal Reserve System, including Regulations T, U or X. All Letters of Credit will be used for general corporate
purposes. 
 The Borrower will not request any Borrowing or Letter of Credit, and the Borrower shall not use, and the Borrower shall ensure that Holdings
and its Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Borrowing or Letter of Credit (1) in furtherance of an offer, payment, promise to pay, or authorization of the payment
or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (2) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any
Sanctioned Country or (3) in any manner that would result in the violation of any Sanctions applicable to any party hereto. 

Section 5.10 Additional Subsidiaries; Guarantees. 

(a) Within ten (10) Business Days (or such later date as the Administrative Agent may agree in its sole discretion) after
any Subsidiary is acquired or formed (including, without limitation, upon the formation of any Subsidiary that is a Delaware Divided LLC) or after any Unrestricted Subsidiary is designated as a Restricted Subsidiary, the Borrower shall
(i) notify the Administrative Agent and the Lenders thereof, (ii) if such Subsidiary is a Material Domestic Subsidiary, cause such Subsidiary to become a Subsidiary Loan Party by (x) executing agreements

  
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in the form of Annex I to the Guarantee Agreement and (y) if the Trigger Event has occurred, a security agreement or a joinder agreement thereto granting to the Administrative Agent for the
benefit of the holders of the Obligations a first priority security interest and lien in all of its assets pursuant to the Collateral Documents, in form reasonably satisfactory to the Administrative Agent, and (iii) if such Subsidiary is a
Material Domestic Subsidiary, cause such Domestic Subsidiary to deliver simultaneously therewith similar documents applicable to such Domestic Subsidiary described in Section 3.1 as reasonably requested by the
Administrative Agent. In the event that any Domestic Subsidiary that is not already a Subsidiary Loan Party becomes a Material Domestic Subsidiary at any time after its formation or acquisition, the Borrower shall have up to ten
(10) Business Days (or such later date as the Administrative Agent may agree in its sole discretion) to cause it to (x) become a Subsidiary Loan Party by executing agreements in the form of Annex I to the Guarantee Agreement and
(y) deliver simultaneously therewith similar documents applicable to such Domestic Subsidiary described in Section 3.1 as reasonably requested by the Administrative Agent. 

(b) Upon any acquisition or formation of additional Foreign Subsidiaries by the Borrower after the Effective Date (subject to
Section 7.4) , and to the extent the aggregate EBITDA attributable to all Foreign Subsidiaries that are Restricted Subsidiaries whose stock has not been pledged to secure the Obligations pursuant to this
Section 5.10(b) for the most recently ended twelve month period exceeds twenty percent (20%) of Consolidated EBITDA for the most recently ended twelve month period (the “Foreign Pledge Date”), the
Borrower (i) shall notify the Administrative Agent and the Lenders thereof, (ii) deliver stock certificates and related pledge agreements, in form satisfactory to a collateral agent acceptable to the Administrative Agent, evidencing the
pledge of sixty-six percent (66%) of the issued and outstanding Capital Stock entitled to vote (within the meaning of Treas. Reg. Section 1.956-2(c)(2)) and one hundred percent (100%) of the issued and outstanding Capital Stock not entitled to vote (within the meaning of Treas. Reg. Section 1.956-2(c)(2)) of one or more Foreign Subsidiaries directly owned by a Loan Party to secure the Obligations to the extent necessary such that, after giving effect to such pledge, the EBITDA attributable
to all Foreign Subsidiaries that are Restricted Subsidiaries whose stock has not been pledged to secure the Obligations pursuant to this Section 5.10(b) for the most recently ended twelve (12) month period does not
exceed twenty percent (20%) of Consolidated EBITDA, and (iii) cause such Foreign Subsidiary whose stock is pledged pursuant to the immediately preceding Section 5.10(b)(ii) to deliver simultaneously therewith similar
documents applicable to such Foreign Subsidiary described in Section 3.1 as reasonably requested by the Administrative Agent; provided that in no event shall any such Foreign Subsidiary be required to join the
Guarantee Agreement or otherwise to guarantee any of the Obligations. Upon the occurrence of the Foreign Pledge Date, the Borrower will be required to comply with the terms of this Section 5.10(b) within thirty
(30) days after any new Foreign Subsidiary that is a Restricted Subsidiary is acquired or formed. Upon the occurrence of the Foreign Pledge Date and within a reasonable time thereafter, the Administrative Agent shall enter into an intercreditor
agreement, in form and substance satisfactory to the Required Lenders, with all other creditors of the Borrower having a similar covenant with the Borrower. 

(c) Notwithstanding anything to the contrary in this Agreement, (i) none of the Inactive Subsidiaries shall be required to
become a Subsidiary Loan Party or to execute the Guarantee Agreement, subject to compliance with Section 7.13 and (ii) the Borrower shall cause each Inactive Subsidiary to be dissolved as soon practicable without
incurring adverse tax consequences unless otherwise permitted by the Administrative Agent with such consent not to be unreasonably withheld, conditioned or delayed. 

  
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 (d) Holdings will cause any Domestic Subsidiary or any other Domestic
Controlled Affiliate that provides a Guarantee or otherwise becomes liable (including as a borrower or co-borrower) in respect of the obligations under any other agreement providing for the incurrence of
Indebtedness that is pari passu with the Indebtedness under this Agreement to become a Subsidiary Loan Party by executing agreements in the form of Annex I to the Guarantee Agreement and deliver simultaneously therewith similar documents
applicable to such Domestic Subsidiary described in Section 3.1 as reasonably requested by the Administrative Agent. 

Section 5.11 Further Assurances. Promptly upon request by the Administrative Agent, or any Lender
through the Administrative Agent, (i) correct any material defect or error that may be discovered in any Loan Document or in the execution or acknowledgment thereof, and (ii) do, execute, acknowledge and deliver any and all such further
acts, certificates, assurances and other instruments as the Administrative Agent, or any Lender through the Administrative Agent, may reasonably require from time to time in order to carry out more effectively the purposes of the Loan Documents, or,
after the occurrence of the Trigger Event, to grant, preserve, protect or perfect the Liens created by the Collateral Documents or the validity or priority of any such Lien, all at the expense of the Loan Parties. 

Section 5.12 Collateral.  

(a) Promptly upon, and in any event within thirty (30) days of, the occurrence of the Trigger Event (or such longer
periods as the Administrative Agent shall agree in its sole discretion), Holdings shall, and shall cause the Loan Parties, to (i) grant Liens in favor of the Administrative Agent, for the benefit of the Lenders and the other holders of the
Obligations, in substantially all of its personal property (with exceptions as provided in the Security Agreement) by executing and delivering to the Administrative Agent a Security Agreement and such other Collateral Documents in form and substance
reasonably satisfactory to the Administrative Agent, and authorizing and delivering, at the request of the Administrative Agent, such UCC financing statements or similar instruments required by the Administrative Agent to perfect the Liens in favor
of the Administrative Agent, for the benefit of the Lenders and the other holders of the Obligations, and granted under any of the Loan Documents, (ii) grant Liens in favor of the Administrative Agent, for the benefit of the Lenders and the
other holders of the Obligations, in all fee ownership interests in Material Real Estate by executing and delivering to the Administrative Agent such Real Estate Documents as the Administrative Agent shall reasonably require and (iii) deliver
such other documentation (including, without limitation, certified organizational documents, resolutions, lien searches, title insurance policies, surveys, environmental reports and legal opinions) reasonably requested by the Administrative Agent
and to take all such other actions that such Loan Party would be required to deliver pursuant to Section 5.13 with respect to any Material Real Estate. In addition, Holdings shall, or shall cause the applicable Loan Party
to (x) pledge all of the Capital Stock of the Borrower and any such Domestic Subsidiary that is a Restricted Subsidiary to the Administrative Agent as security for the Obligations by executing and delivering a Security Agreement in form and
substance reasonably satisfactory to the Administrative Agent, (y) pledge sixty-six percent (66%) of the issued and outstanding Capital Stock entitled
to vote (within the meaning of Treas. Reg. Section 1.956-2(c)(2)) and one hundred percent (100%) of the issued and outstanding Capital Stock not
entitled to vote (within the meaning of Treas. Reg. Section 1.956-2(c)(2)) of the Foreign Subsidiaries that are Restricted Subsidiaries directly owned by the Loan Parties and (z) deliver the original
certificates evidencing such pledged capital stock to the Administrative Agent, together with appropriate powers executed in blank. In the event of the occurrence of the Trigger Event, the requirements of this
Section 5.12(b), and not those of Section 5.10(b), shall govern the pledge 

  
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of Capital Stock in Foreign Subsidiaries. Concurrently with the grant of Liens in the first sentence of this Section 5.12(a), the Administrative Agent and the Servicer
(as defined in the Loan Facility Agreement) shall enter into the Intercreditor Agreement in form and substance reasonably satisfactory to the Administrative Agent, the Required Lenders and the Servicer (as defined in the Loan Facility Agreement).
Notwithstanding anything to the contrary herein, or otherwise in any Loan Document, the Administrative Agent shall not enter into, accept, or record any mortgage in respect of any Material Real Estate until the Administrative Agent shall have
received written confirmation (which confirmation shall, for purposes hereunder, include email) from each Lender that flood insurance compliance has been completed by such Lender with respect to such Material Real Estate (such written confirmation
not to be unreasonably conditioned, withheld or delayed); provided, that, the inability of a Loan Party to deliver, enter into, or record a Mortgage with respect to any Material Real Estate within the time period required by this
Section 5.12 due to the failure of the Administrative Agent to receive written confirmation from each Lender that flood insurance compliance has been completed by such Lender with respect to such Material Real Estate within
such time period shall not be deemed to be a failure by such Loan Party to satisfy the requirements of this Section 5.12. 

(b) Holdings and the Borrower agree that, following the delivery of any Collateral Documents required to be executed and
delivered by this Section 5.12, the Administrative Agent shall have a valid and enforceable, first priority perfected Lien on the property required to be pledged pursuant to Section 5.12(a) and
Section 5.12(b) (to the extent that such Lien can be perfected by execution, delivery and/or recording of the Collateral Documents or UCC financing statements, or possession of such Collateral), free and clear of all Liens
other than Liens expressly permitted by Section 7.2. All actions to be taken pursuant to this Section 5.12 shall be at the expense of the Borrower or the applicable Loan Party, and shall be taken
to the reasonable satisfaction of the Administrative Agent. 
 Section 5.13 Additional Real Estate.
To the extent otherwise permitted hereunder, if any Loan Party proposes to acquire a fee ownership interest in Material Real Estate after the occurrence of the Trigger Event, it shall within ninety (90) days of such acquisition (or such
longer period as the Administrative Agent shall agree in its sole discretion) provide to the Administrative Agent Real Estate Documents in regard to such Material Real Estate. Notwithstanding anything to the contrary herein, or otherwise in any Loan
Document, the Administrative Agent shall not enter into, accept, or record any mortgage in respect of any Material Real Estate until the Administrative Agent shall have received written confirmation (which confirmation shall, for purposes hereunder,
include email) from each Lender that flood insurance compliance has been completed by such Lender with respect to such Material Real Estate (such written confirmation not to be unreasonably conditioned, withheld or delayed); provided,
that, the inability of a Loan Party to deliver, enter into, or record a Mortgage with respect to any Material Real Estate within the time period required by this Section 5.13 due to the failure of the Administrative
Agent to receive written confirmation from each Lender that flood insurance compliance has been completed by such Lender with respect to such Material Real Estate within such time period shall not be deemed to be a failure by such Loan Party
to satisfy the requirements of this Section 5.13. 
 Section 5.14 Designation of
Subsidiaries. 
 (a) The Borrower may at any time designate any Restricted Subsidiary acquired or formed after the
Effective Date as an Unrestricted Subsidiary or any Unrestricted Subsidiary as a Restricted Subsidiary; provided that (a) no Default or Event of Default shall exist immediately prior or immediately after giving effect to such
designation; (b) the Borrower shall have delivered to the 

  
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Administrative Agent a Pro Forma Compliance Certificate demonstrating that after giving effect to such designation on a Pro Forma Basis, the Loan Parties would be in compliance with the financial
covenants in Article VI measured as of the last day of the most recently ended Fiscal Quarter for which financial statements are required to have been delivered hereunder; (c) no Restricted Subsidiary may be designated as an Unrestricted
Subsidiary if such Restricted Subsidiary or any of its Subsidiaries (i) owns any equity interests or Indebtedness of, or owns or holds any Liens on, any property of Holdings or any Restricted Subsidiary or (ii) Guarantees any Indebtedness
of Holdings or any Restricted Subsidiary (after giving effect to the release of the Guarantee of the Obligations by such Subsidiary in connection with the designation of such Subsidiary as an Unrestricted Subsidiary); (d) any Unrestricted Subsidiary
that has been re-designated as a Restricted Subsidiary may not subsequently be re-designated as an Unrestricted Subsidiary; and (e) no Restricted Subsidiary may be
designated as an Unrestricted Subsidiary unless concurrent with such designation such Restricted Subsidiary is designated as an “unrestricted subsidiary” (or otherwise not be subject to the covenants) under any Indebtedness. 

(b) The designation of any Restricted Subsidiary as an Unrestricted Subsidiary shall constitute an Investment (which must be an
Investment permitted pursuant to Section 7.4) by its direct parent (whether the Borrower or a Restricted Subsidiary) in such Subsidiary on the date of such designation in an amount equal to the outstanding amount of all
Investments by Holdings, the Borrower and its Restricted Subsidiaries in such Subsidiary on such date. 
 (c) The designation
of any Unrestricted Subsidiary as a Restricted Subsidiary shall constitute (i) the incurrence on the date of such designation of any Investment, Indebtedness or Liens of such Subsidiary existing on such date and (ii) for purposes of
calculating the outstanding amount of Investments by Holdings, the Borrower and its Restricted Subsidiaries in all Unrestricted Subsidiaries, a return on all Investments by Holdings, the Borrower and its Restricted Subsidiaries in such Subsidiary in
an amount equal to the outstanding amount of all such Investments in such Subsidiary on the date of such designation. 
 (d)
If at any time any Unrestricted Subsidiary (i) owns any equity interests or Indebtedness of, or owns or holds any Liens on, any property of Holdings, the Borrower or any Restricted Subsidiary, (ii) Guarantees any Indebtedness of Holdings,
the Borrower or any Restricted Subsidiary or (iii) ceases to be an “unrestricted subsidiary” (or otherwise becomes subject to the covenants) under any Indebtedness, then the Borrower shall, concurrent therewith, re-designate such Unrestricted Subsidiary as a Restricted Subsidiary. 
 Notwithstanding any of the
definitions or covenants contained in this Agreement to the contrary, Holdings and the Borrower will not, and will not permit any Restricted Subsidiary to, consummate any transaction that results in the transfer (whether by way of any Restricted
Payment, Investment, or any sale, conveyance, transfer, or other disposition, or a designation of a Subsidiary as an Unrestricted Subsidiary or of an Unrestricted Subsidiary as a Subsidiary, and whether in a single transaction or a series of related
transactions) of material intellectual property rights (including patents, trademarks, service marks, tradenames, copyrights, proprietary leasing records and systems and other intellectual property) from Holdings, the Borrower or any Restricted
Subsidiary to any Unrestricted Subsidiary. Except as expressly set forth herein, Unrestricted Subsidiaries will not be subject to any of the covenants set forth in this Agreement. 

  
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 ARTICLE VI. 

FINANCIAL COVENANTS 

Holdings and the Borrower covenant and agree that so long as any Lender has a Commitment hereunder or the principal of or interest on or any
Loan remains unpaid or any fee or any LC Disbursement remains unpaid or any Letter of Credit remains outstanding: 

Section 6.1 Total Net Debt to EBITDA Ratio. Holdings, the Borrower and its Restricted Subsidiaries
shall maintain, as of the last day of each Fiscal Quarter, a Total Net Debt to EBITDA Ratio of not greater than 2.50:1.00. 

Section 6.2 Fixed Charge Coverage Ratio. Holdings, the Borrower and its Restricted Subsidiaries shall
maintain, as of the last day of each Fiscal Quarter, a Fixed Charge Coverage Ratio of not less than 1.75:1.00. 
 ARTICLE VII. 

NEGATIVE COVENANTS 

Holdings and the Borrower covenant and agree that so long as any Lender has a Commitment hereunder or the principal of or interest on any Loan
remains unpaid or any fee or any LC Disbursement remains unpaid or any Letter of Credit remains outstanding: 

Section 7.1 Indebtedness. Holdings will not, and will not permit any of its Restricted Subsidiaries
to, create, incur, assume or suffer to exist any Indebtedness, except: 
 (a) Indebtedness created pursuant to the Loan
Documents; 
 (b) Indebtedness existing on the date hereof and set forth on Schedule 7.1 and extensions, renewals and
replacements of any such Indebtedness that do not increase the outstanding principal amount thereof (immediately prior to giving effect to such extension, renewal or replacement) or shorten the maturity or the weighted average life thereof; 

(c) Indebtedness of the Borrower or any Restricted Subsidiary incurred after the Effective Date to finance the acquisition,
construction or improvement of any fixed or capital assets, including Capital Lease Obligations and any Indebtedness assumed in connection with the acquisition of any such assets or secured by a Lien on any such assets prior to the acquisition
thereof; provided, that such Indebtedness is incurred prior to or within ninety (90) days after such acquisition or the completion of such construction or improvements or extensions, renewals, and replacements of any such Indebtedness
that do not increase the outstanding principal amount thereof (immediately prior to giving effect to such extension, renewal or replacement) or shorten the maturity or the weighted average life thereof; provided further, (x) the
aggregate principal amount of such Indebtedness, as of any date of determination, does not at any time exceed three percent (3.0%) of the aggregate book value of the total assets of Holdings, the Borrower and its Restricted Subsidiaries determined
on a consolidated basis as of the last day of the most recently ended Fiscal Quarter for which financial statements have been delivered, and (y) the aggregate principal amount of such Indebtedness incurred by Foreign Subsidiaries under this
Section 7.1(c), together with the principal amount of Indebtedness permitted to be incurred under Section 7.1(i) does not exceed twenty percent (20%) of the aggregate book value of the total assets
of Holdings, the Borrower and its Restricted Subsidiaries measured on a consolidated basis in accordance with GAAP as of the end of the immediately preceding Fiscal Quarter for which financial statements have been delivered (giving effect to any
Acquisition financed with such Indebtedness on a Pro Forma Basis); 

  
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 (d) Indebtedness of the Borrower owing to any Restricted Subsidiary that is
a Loan Party and of any Restricted Subsidiary that is a Loan Party owing to the Borrower or any other Restricted Subsidiary that is a Loan Party; 

(e) Guarantees by the Borrower of Indebtedness of any Restricted Subsidiary of the Borrower that is a Loan Party and by any
Restricted Subsidiary of the Borrower that is a Loan Party of Indebtedness of the Borrower or any other Restricted Subsidiary of the Borrower that is a Loan Party; 

(f) Guarantees by the Borrower of Indebtedness of certain franchise operators of the Borrower; provided such guarantees
are given by the Borrower in connection with (i) loans made pursuant to the terms of the Loan Facility Agreement or (ii) loans made pursuant to terms of any other loan facility agreements and guaranteed on an unsecured basis with terms
otherwise reasonably acceptable to the Administrative Agent entered into after the date hereof in an aggregate principal amount at any time outstanding not to exceed, as of any date of determination, three percent (3.0%) of the aggregate book value
of the total assets of Holdings, the Borrower and its Restricted Subsidiaries determined on a consolidated basis as of the last day of the most recently ended Fiscal Quarter for which financial statements have been delivered; 

(g) endorsed negotiable instruments for collection in the ordinary course of business; 

(h) Guarantees by Borrower of permitted Indebtedness of Foreign Subsidiaries that are Restricted Subsidiaries; 

(i) unsecured Indebtedness of Foreign Subsidiaries that are Restricted Subsidiaries (whether such Indebtedness represents loans
made by the Borrower or any of its Restricted Subsidiaries or by a third party) so long as (i) after giving effect to the incurrence of such Indebtedness on a Pro Forma Basis (as evidenced by a Pro Forma Compliance Certificate delivered to the
Administrative Agent), (A) Holdings, the Borrower and its Restricted Subsidiaries would be in compliance with the financial covenants in Article VI measured as of the last day of the most recently ended Fiscal Quarter for which financial
statements are required to have been delivered hereunder, (B) no Default or Event of Default has occurred and is continuing, or would result therefrom and (C) the aggregate principal amount of such Indebtedness, together with the amount of
and Indebtedness permitted to be incurred by such Foreign Subsidiaries under Section 7.1(c), does not exceed twenty percent (20%) of the aggregate book value of the total assets of Holdings, the Borrower and its Restricted
Subsidiaries measured on a consolidated basis in accordance with GAAP as of the end of the immediately preceding Fiscal Quarter for which financial statements have been delivered (giving effect to any Acquisition financed with such Indebtedness on a
Pro Forma Basis) and (ii) (A) the terms of such Indebtedness do not provide for any scheduled repayment (including payment at maturity), mandatory redemption or sinking fund obligations (other than customary mandatory prepayments upon a change
of control, asset sale, event of loss, unpermitted debt issuance and customary acceleration rights after an event of default) prior to the date that is 91 days after the Revolving Commitment Termination Date and the latest Maturity Date

  
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in effect at the time of the incurrence or issuance of such Indebtedness; (B) the covenants, events of default, guarantees and other non-economic
terms of such Indebtedness are either (1) customary for similar Indebtedness in light of then-prevailing market conditions (as reasonably determined by the Borrower) or (2) reasonably satisfactory to the Administrative Agent,
(C) any financial maintenance covenants with respect to such Indebtedness are not more restrictive to Holdings and its Restricted Subsidiaries than those set forth in this Agreement; and (D) such Indebtedness shall not be
Guaranteed by any Person that is not a Loan Party (or that does not simultaneously become a Loan Party); 
 (j) secured
Indebtedness in an aggregate principal amount not to exceed the greater of (i) $15,000,000 and (ii) ten percent (10%) of Consolidated EBITDA for the period of four (4) Fiscal Quarters most recently ended prior to the date of determination
for which financial statements were delivered under Section 5.1(a) or (b); provided, that, (i) no Default or Event of Default has occurred and is continuing or would result therefrom,
(ii) after giving effect to the incurrence thereof on a Pro Forma Basis (as evidenced by delivery of a Pro Forma Compliance Certificate to the Administrative Agent), Holdings, the Borrower and its Restricted Subsidiaries would be in compliance
with the financial covenants in Article VI measured as of the last day of the most recently ended Fiscal Quarter for which financial statements are required to have been delivered hereunder, (iii) the terms of such Indebtedness do not
provide for any scheduled repayment (including payment at maturity), mandatory redemption or sinking fund obligations (other than customary mandatory prepayments upon a change of control, asset sale, event of loss, unpermitted debt issuance and
customary acceleration rights after an event of default) prior to the date that is 91 days after the Revolving Commitment Termination Date and the latest Maturity Date in effect at the time of the incurrence or issuance of such Indebtedness;
(iv) the covenants, events of default, guarantees and other non-economic terms of such Indebtedness are either (A) customary for similar Indebtedness in light of then-prevailing market conditions (as
reasonably determined by the Borrower) or (B) reasonably satisfactory to the Administrative Agent, (v) any financial maintenance covenants with respect to such Indebtedness are not more restrictive to Holdings and its Restricted
Subsidiaries than those set forth in this Agreement; (vi) such Indebtedness shall not be Guaranteed by any Person that is not a Loan Party (or that does not simultaneously become a Loan Party); and (vii) such Indebtedness shall not
include any restriction on the ability of Holdings and its Restricted Subsidiaries to grant Liens in favor of the Administrative Agent in accordance with the terms hereof; and 

(k) any other unsecured Indebtedness of Holdings, the Borrower or any Restricted Subsidiary that is a Loan Party so long as
after giving effect to the incurrence of such Indebtedness on a Pro Forma Basis (as evidenced by delivery of a Pro Forma Compliance Certificate to the Administrative Agent), (i) Holdings, the Borrower and its Restricted Subsidiaries would be in
compliance with the financial covenants in Article VI measured as of the last day of the most recently ended Fiscal Quarter for which financial statements are required to have been delivered hereunder, (ii) no Default or Event of Default
has occurred and is continuing, or would result therefrom, (iii) the terms of such Indebtedness do not provide for any scheduled repayment (including payment at maturity), mandatory redemption or sinking fund obligations (other than customary
mandatory prepayments upon a change of control, asset sale, event of loss, unpermitted debt issuance and customary acceleration rights after an event of default) prior to the date that is 91 days after the Revolving Commitment Termination Date and
the latest Maturity Date in effect at the time of the incurrence or issuance of such Indebtedness; (iv) the covenants, events of default, guarantees and other non-economic terms of such Indebtedness are
either (A) customary for similar Indebtedness in light of then-prevailing market conditions (as reasonably determined by the 

  
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Borrower) or (B) reasonably satisfactory to the Administrative Agent, (v) any financial maintenance covenants with respect to such Indebtedness are not more restrictive to
Holdings and its Restricted Subsidiaries than those set forth in this Agreement; and (vi) such Indebtedness shall not be Guaranteed by any Person that is not a Loan Party (or that does not simultaneously become a Loan Party). 

Section 7.2 Negative Pledge. Holdings will not, and will not permit any of its Restricted Subsidiaries
to, create, incur, assume or suffer to exist any Lien on any of its assets or property now owned or hereafter acquired (other than any shares of stock of Holdings that are repurchased by the Borrower and retired or held by Holdings), except: 

(a) Permitted Encumbrances; 

(b) any Liens on any property or asset of the Borrower or any Restricted Subsidiary existing on the Effective Date set forth on
Schedule 7.2; provided, that such Lien shall not apply to any other property or asset of the Borrower or any Restricted Subsidiary; 

(c) purchase money Liens upon or in any fixed or capital assets to secure the purchase price or the cost of construction or
improvement of such fixed or capital assets or to secure Indebtedness incurred solely for the purpose of financing the acquisition, construction or improvement of such fixed or capital assets (including Liens securing any Capital Lease
Obligations); provided, that (i) such Lien secures Indebtedness permitted by Section 7.1(c), (ii) such Lien attaches to such asset concurrently or within ninety (90) days after the acquisition, improvement
or completion of the construction thereof; (iii) such Lien does not extend to any other asset and (iv) the Indebtedness secured thereby does not exceed the cost of acquiring, constructing or improving such fixed or capital assets together
with all interest, fees and costs incurred in connection therewith; 
 (d) any Lien (i) existing on any asset of any
Person at the time such Person becomes a Restricted Subsidiary of the Borrower, (ii) existing on any asset of any Person at the time such Person is merged with or into the Borrower or any Restricted Subsidiary of the Borrower or
(iii) existing on any asset prior to the acquisition thereof by the Borrower or any Restricted Subsidiary of the Borrower; provided, that any such Lien was not created in the contemplation of any of the foregoing and any such Lien
secures only those obligations which it secures on the date that such Person becomes a Restricted Subsidiary or the date of such merger or the date of such acquisition; 

(e) extensions, renewals, or replacements of any Lien referred to in Sections 7.2(a) through 7.2(d);
provided, that the principal amount of the Indebtedness secured thereby is not increased and that any such extension, renewal or replacement is limited to the assets originally encumbered thereby; 

(f) Liens securing the Obligations; 

(g) Liens on shares of stock of any Foreign Subsidiary that is a Restricted Subsidiary to the extent that the Obligations are
secured pari passu with any other Indebtedness or obligations secured thereby; 
 (h) Liens securing Indebtedness
permitted by Section 7.1(j); and 

  
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 (i) Liens securing obligations incurred in the ordinary course of business
(other than Indebtedness) in an aggregate principal amount not to exceed at any time $5,000,000.  

Section 7.3 Fundamental Changes. 

(a) Holdings will not, and will not permit any Restricted Subsidiary to, merge into or consolidate into any other Person, or
permit any other Person to merge into or consolidate with it, or sell, lease, transfer or otherwise dispose of (in a single transaction or a series of transactions) all or substantially all of its assets (in each case, whether now owned or hereafter
acquired and including, in each case, pursuant to a Delaware LLC Division) or all or substantially all of the stock of any of its Restricted Subsidiaries (in each case, whether now owned or hereafter acquired) or liquidate or dissolve;
provided, that (i) any Inactive Subsidiary may (A) liquidate into its immediate parent company or dissolve, (B) merge into any other Inactive Subsidiary or (C) merge into the Borrower or any other Restricted
Subsidiary that is a Loan Party; provided that the Borrower or such Restricted Subsidiary that is a Loan Party is the survivor of such merger, and (ii) if at the time thereof and immediately after giving effect thereto, no Default or
Event of Default shall have occurred and be continuing (except, in the case of an Acquisition subject to the Incremental Funds Certain Provision, in which case there is no Default or Event of Default immediately before or immediately after execution
and delivery of the applicable Acquisition Agreement and there is no Specified Event of Default at the date the applicable Permitted Acquisition is consummated) (A) the Borrower or any Restricted Subsidiary may merge with a Person (other than
Holdings); provided, that (x) if the Borrower is party to such merger, the Borrower shall be the surviving Person and (y) if the Borrower is not a party to such merger, such Restricted Subsidiary or, in connection with a Permitted
Acquisition, such Person if upon consummation of such merger such Person becomes a Restricted Subsidiary, is the surviving Person, (B) any Restricted Subsidiary may merge into another Restricted Subsidiary or the Borrower; provided,
however, that if the Borrower is a party to such merger, the Borrower shall be the surviving Person, provided, further, that if any Restricted Subsidiary to such merger is a Subsidiary Loan Party, the Subsidiary Loan Party shall
be the surviving Person, (C) any Restricted Subsidiary may sell, transfer, lease or otherwise dispose of all or substantially all of its assets to the Borrower or to a Subsidiary Loan Party, or (D) any other Restricted Subsidiary may
liquidate or dissolve if the Borrower determines in good faith that such liquidation or dissolution is in the best interests of the Borrower, is not materially disadvantageous to the Lenders, and such Restricted Subsidiary dissolves into another
Subsidiary Loan Party or the Borrower; provided, that any such merger involving a Person that is not a wholly-owned Restricted Subsidiary immediately prior to such merger shall not be permitted unless also permitted by
Section 7.4. 
 (b) Holdings will not, and will not permit any of its Restricted Subsidiaries to,
engage in any business other than (i) substantially the same business as presently conducted or such other businesses that are reasonably related thereto, including but not limited to the business of leasing and selling furniture, consumer
electronics, computers, appliances and other household goods and accessories inside and outside of the United States of America, through both independently-owned and franchised stores, providing lease-purchase solutions, credit and other financing
solutions to customers for the purchase and lease of such products, the manufacture and supply of furniture and bedding for lease and sale in such stores, and the provision of virtual
rent-to-own programs inside and outside of the United States of America (including but not limited to
point-of-sale lease purchase programs), (ii) any other businesses which are ancillary or complementary to, or reasonable extensions or expansions of, the business of
Holdings, the Borrower and its Restricted Subsidiaries as conducted as of the Effective Date, as reasonably determined in good faith by the 

  
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Borrower and (iii) any businesses that are materially different from the business of Holdings, the Borrower and its Restricted Subsidiaries as conducted as of the Effective Date provided
that any Investments made, funds expended or financial support provided by Holdings, the Borrower and/or its Restricted Subsidiaries in connection with such alternative lines of business shall not exceed $25,000,000 in the aggregate at any time
outstanding. 
 Section 7.4 Investments, Loans, Etc. Holdings will not, and will not permit any of
its Restricted Subsidiaries to, purchase, hold or acquire (including pursuant to any merger with any Person that was not a wholly-owned Restricted Subsidiary prior to such merger), any Capital Stock, evidence of indebtedness or other securities
(including any option, warrant, or other right to acquire any of the foregoing) of, make or permit to exist any loans or advances to, any obligations of, or make or permit to exist any investment or any other interest in, any other Person (all of
the foregoing being collectively called “Investments”), or purchase or otherwise acquire (in one transaction or a series of transactions) any assets of any other Person that constitute a business unit, or create or form any
Subsidiary, except: 
 (a) Investments (other than Permitted Investments) existing on the date hereof and set forth on
Schedule 7.4 (including Investments in Restricted Subsidiaries); 
 (b) Permitted Investments; 

(c) Permitted Acquisitions; 

(d) Investments made by the Borrower in or to any Subsidiary Guarantor and by any Subsidiary Guarantor to the Borrower or in or
to another Subsidiary Guarantor; 
 (e) loans or advances to employees, officers, stockholders or directors of the Borrower
or any Restricted Subsidiary in the ordinary course of business; provided, however, that the aggregate amount of all such loans and advances does not exceed $2,000,000 at any time outstanding; 

(f) loans to franchise operators and owners of franchises acquired or funded pursuant to the Loan Facility Agreement and the
other credit facility agreements referenced in Section 7.1(f); 
 (g) Guarantees permitted under
Section 7.1(f); 
 (h) the acquisition or ownership of stock, obligations or securities received in
settlement of debts (created in the ordinary course of business) owing to any Subsidiary Loan Party or any of their Restricted Subsidiaries; 

(i) loans to and other investments in Foreign Subsidiaries that are Restricted Subsidiaries; provided that, the
aggregate amount of such outstanding loans to and investments in such Foreign Subsidiaries do not exceed the amount permitted under Section 7.1(i); 

(j) Investments in investment grade corporate bonds and variable rate demand notes having a rating of BBB+ (or the equivalent)
or higher, at the time of acquisition thereof, from S&P or Moody’s and in either case maturing within two years from the date of acquisition thereof in an aggregate amount not to exceed $100,000,000 at any time; 

  
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 (k) other Investments (other than Investments in Unrestricted Subsidiaries);
provided, that, (i) no Default or Event of Default has occurred and is continuing or would result therefrom and (ii) after giving effect to the payment thereof on a Pro Forma Basis, Holdings, the Borrower and its Restricted
Subsidiaries would be in compliance with the financial covenants in Article VI measured as of the last day of the most recently ended Fiscal Quarter for which financial statements are required to have been delivered hereunder; 

(l) other Investments (other than Investments in Unrestricted Subsidiaries) not to exceed $50,000,000 at any time; and 

(m) other Investments not to exceed, as of any date of determination, an amount equal to three percent (3.0%) of the aggregate
book value of the total assets of Holdings, the Borrower and its Restricted Subsidiaries determined on a consolidated basis as of the last day of the most recently ended Fiscal Quarter for which financial statements have been delivered;
provided, that, (i) no Default or Event of Default has occurred and is continuing or would result therefrom and (ii) after giving effect to the payment thereof on a Pro Forma Basis, Holdings, the Borrower and its Restricted
Subsidiaries would be in compliance with the financial covenants in Article VI measured as of the last day of the most recently ended Fiscal Quarter for which financial statements are required to have been delivered hereunder.  
 Section 7.5 Restricted Payments. Holdings will
not, and will not permit its Restricted Subsidiaries to, declare or make, or agree to pay or make, directly or indirectly, any dividend on any class of its Capital Stock, or make any payment on account of, or set apart assets for a sinking or other
analogous fund for, the purchase, redemption, retirement, defeasance or other acquisition of, any shares of Capital Stock or Indebtedness subordinated to the Obligations of the Borrower or any options, warrants, or other rights to purchase such
Capital Stock or such subordinated Indebtedness, whether now or hereafter outstanding (each, a “Restricted Payment”), except for (a) dividends payable by Holdings solely in shares of any class of its common stock,
(b) Restricted Payments made by any Restricted Subsidiary to Holdings or to another Loan Party and (c) other Restricted Payments made by Holdings in cash so long as (x) no Default or Event of Default has occurred and is continuing or
would result therefrom and (y) after giving effect to the payment thereof on a Pro Forma Basis, Holdings, the Borrower and its Restricted Subsidiaries would be in compliance with the financial covenants in Article VI measured as of the
last day of the most recently ended Fiscal Quarter for which financial statements are required to have been delivered hereunder. 

Section 7.6 Sale of Assets. Holdings will not, and will not permit any of its Restricted Subsidiaries
to, convey, sell, lease, assign, transfer or otherwise dispose of (including any disposition of property to a Delaware Divided LLC pursuant to a Delaware LLC Division), any of its assets, business or property, whether now owned or hereafter
acquired, or, in the case of any Restricted Subsidiary, issue or sell any shares of such Restricted Subsidiary’s Capital Stock to any Person other than the Borrower or a Subsidiary Loan Party (or to qualify directors if required by applicable
law), except (a) the sale or other disposition for fair market value of obsolete or worn out property or other property not necessary for operations disposed of in the ordinary course of business, (b) the sale of inventory and Permitted
Investments in the ordinary course of business, (c) sales and dispositions permitted under Section 7.3(a) and sale leaseback transactions permitted under Section 7.9, (d) sales of assets in
connection with the sale of a store owned by Borrower to a franchisee of Borrower, (e) other sales of assets made on or after the date hereof not to exceed, as of any date of determination, an amount equal to five percent (5.0%) of the
aggregate book value of the total assets of Holdings, the Borrower and its Restricted Subsidiaries determined on a consolidated basis as of the last day of the most recently ended Fiscal Quarter for which financial statements have been delivered,
and (f) the sale or other disposition of assets in an amount at least equal to the fair market value of such asset (as reasonably determined in good faith by the Borrower) and at least 75% of the cash consideration of which is paid to the
Borrower or the Restricted Subsidiary in cash or Cash Equivalents. 

  
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 Section 7.7 Transactions with Affiliates. Holdings
will not, and will not permit any of its Restricted Subsidiaries to, sell, lease or otherwise transfer any property or assets to, or purchase, lease or otherwise acquire any property or assets from, or otherwise engage in any other transactions
with, any of its Affiliates, except (a) in the ordinary course of business at prices and on terms and conditions not less favorable to Holdings or such Restricted Subsidiary than could be obtained on an
arm’s-length basis from unrelated third parties, (b) transactions between or among Holdings, the Borrower and its wholly-owned Restricted Subsidiaries not involving any other Affiliates, (c) any
Restricted Payment permitted by Section 7.5 and (d) transactions permitted under Section 7.4(e). 

Section 7.8 Restrictive Agreements. Holdings will not, and will not permit any Restricted Subsidiary
to, directly or indirectly, enter into, incur or permit to exist any agreement that prohibits, restricts or imposes any condition upon (a) the ability of Holdings or any Restricted Subsidiary to create, incur or permit any Lien upon any of its
assets or properties, whether now owned or hereafter acquired, or (b) the ability of any Restricted Subsidiary to pay dividends or other distributions with respect to its Capital Stock, to make or repay loans or advances to Holdings or any
other Restricted Subsidiary, to Guarantee Indebtedness of Holdings or any other Restricted Subsidiary or to transfer any of its property or assets to Holdings or any Restricted Subsidiary of Holdings; provided, that (i) the foregoing
shall not apply to restrictions or conditions imposed by law or by this Agreement, any other Transaction Document, the Loan Facility Agreement, or any other indenture, note purchase agreement or loan agreement in connection with any permitted
refinancing of the Loan Facility Agreement, so long as the restrictions and conditions in such other indenture, note purchase agreement or loan agreement are no more burdensome in any material respect than those imposed by the Loan Facility
Agreement, (ii) the foregoing shall not apply to customary restrictions and conditions contained in agreements relating to the sale of a Restricted Subsidiary pending such sale; provided such restrictions and conditions apply only to the
Restricted Subsidiary that is sold and such sale is permitted hereunder, (iii) Section 7.8(a) shall not apply to restrictions or conditions imposed by any agreement relating to secured Indebtedness permitted by this
Agreement if such restrictions and conditions apply only to the property or assets securing such Indebtedness and (iv) Section 7.8(a) shall not apply to customary provisions in leases restricting the assignment
thereof. 
 Section 7.9 Sale and Leaseback Transactions. Holdings will not, and will not permit any
of its Restricted Subsidiaries to, enter into any arrangement, directly or indirectly, whereby it shall sell or transfer any property, real or personal, used or useful in its business, whether now owned or hereinafter acquired, and thereafter rent
or lease such property or other property that it intends to use for substantially the same purpose or purposes as the property sold or transferred; provided, however, that the Borrower may engage in such sale and leaseback transactions
so long as the aggregate fair market value of all assets sold and leased back does not exceed $150,000,000 from and after the date hereof. 

Section 7.10 Legal Name, State of Formation and Form of Entity. Holdings will not, and will not permit
any Restricted Subsidiary to, without providing ten (10) days prior written notice to the Administrative Agent (or such lesser period as the Administrative Agent may agree), change its name, state of formation or form of organization. 

  
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 Section 7.11 Accounting Changes. Holdings will not,
and will not permit any Restricted Subsidiary to, make any significant change in accounting treatment or reporting practices, except as required by GAAP, or change the fiscal year of Holdings or of any Restricted Subsidiary, except to change the
fiscal year of a Restricted Subsidiary to conform its fiscal year to that of Holdings. 
 Section 7.12
Hedging Transactions. Holdings will not, and will not permit any of the Restricted Subsidiaries to, enter into any Hedging Transaction, other than Hedging Transactions entered into in the ordinary course of business to hedge or
mitigate risks to which the Borrower or any Restricted Subsidiary is exposed in the conduct of its business or the management of its liabilities. Solely for the avoidance of doubt, the Borrower acknowledges that a Hedging Transaction entered into
for speculative purposes or of a speculative nature is not a Hedging Transaction entered into in the ordinary course of business to hedge or mitigate risks. 

Section 7.13 Activities of Inactive Subsidiaries. Unless any Inactive Subsidiary has become a
Subsidiary Loan Party in accordance with the terms of Section 5.10 of this Agreement, the Borrower will not permit such Inactive Subsidiary to engage in any business activity other than (a) maintaining its existence
and/or winding up its affairs and (b) activities related to the completion of any ongoing tax audits, and (x) no Loan Party shall make any additional Investment in any Inactive Subsidiary other than in connection with the business and
activities set forth in Sections 7.13(a) and (b) above and (y) no Inactive Subsidiary shall incur Indebtedness of any type (including, without limitation, any guaranties). 

Section 7.14 Government Regulation. Holdings will not, and will not permit any of its Subsidiaries to,
(a) be or become subject at any time to any law, regulation, or list of any Governmental Authority of the United States (including, without limitation, the OFAC list) that prohibits or limits the Lenders or the Administrative Agent from making
any advance or extension of credit to the Borrower or from otherwise conducting business with the Loan Parties, or (b) fail to provide documentary and other evidence of the identity of the Loan Parties as may be reasonably requested by the
Lenders or the Administrative Agent at any time to enable the Lenders or the Administrative Agent to verify the identity of the Loan Parties or to comply with any applicable law or regulation, including, without limitation, Section 326 of the
Patriot Act at 31 U.S.C. Section 5318. 
 Section 7.15 Ownership of Subsidiaries.
Notwithstanding any other provisions of this Agreement to the contrary, Holdings will not, and will not permit any of the Restricted Subsidiaries to (a) permit any Person (other than the Borrower, any other Loan Party or any wholly owned
Restricted Subsidiary thereof) to own any Capital Stock of any Restricted Subsidiary, except to qualify directors if required by applicable law, and except for any dispositions of Restricted Subsidiaries otherwise permitted under this Agreement, or
(b) permit any Restricted Subsidiary to issue or have outstanding any shares of preferred Capital Stock. 

Section 7.16 Use of Proceeds. Holdings will not, and will not permit any of its Restricted
Subsidiaries to, 
 (a) Use any part of the proceeds of any Loan, whether directly or indirectly, for any purpose that would
violate any rule or regulation of the Board of Governors of the Federal Reserve System, including Regulations T, U or X. 

(b) Request any Borrowing or Letter of Credit, or use or allow its respective directors, officers, employees and agents to use,
the proceeds of any Borrowing or Letter of Credit (i) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws,
(ii) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country or (iii) in any manner that would result in the violation of any Sanctions
applicable to any party. 

  
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 Section 7.17 Amendment of Organizational Documents.
Holdings will not, and will not permit any of its Restricted Subsidiaries to, amend, modify or waive any of its rights in a manner materially adverse to the Lenders or any Loan Party under its charter, by-laws
or other organizational document, except in any manner that would not have an adverse effect on the Lenders, the Administrative Agent, Holdings, the Borrower or any of its Restricted Subsidiaries. 

Section 7.18 Activities of Holdings. Holdings will not engage in any operations, business or activity
other than (a) owning the Capital Stock in its Subsidiaries, (b) maintaining its corporate existence including the issuance of Capital Stock, holding director and shareholder meetings, and entering into those agreements and arrangements
incidental thereto and incurring and paying fees, costs and expenses relating to thereto, (c) participating in tax, accounting, corporate and other administrative activities or other activities incidental thereto as a member of the consolidated
group of companies including the Loan Parties, (d) executing, delivering and the performance of rights and obligations under the Loan Documents, (e) the consummation of the Restructuring and the other transactions contemplated by the Loan
Documents, (f) making any Restricted Payment permitted by this Agreement, (g) making capital contributions to the other Loan Parties, (h) executing, delivering and the performance of rights and obligations under any employment
agreements and any documents related thereto, (i) making Investments permitted under this Agreement, (j) providing indemnification to its officers and directors in the ordinary course of business, (k) the performing of activities in
preparation for and consummating any public offering of its Capital Stock or any other issuance or sale of its Capital Stock, (l) the holding of any cash and Cash Equivalents (but not owning or operating any property), (m) the entry into and
performance of its obligations with respect to contracts and other arrangements entered into in the ordinary course of business providing for indemnification to officers, managers, directors and employees, (n) any activities incidental to the
foregoing or required to comply with applicable law, and (o) any action or transaction permitted hereunder. 
 ARTICLE VIII. 

EVENTS OF DEFAULT 

Section 8.1 Events of Default. If any of the following events (each an “Event of
Default”) shall occur: 
 (a) the Borrower shall fail to pay any principal of any Loan or of any reimbursement
obligation in respect of any LC Disbursement when and as the same shall become due and payable, whether at the due date thereof or at a date fixed for prepayment or otherwise; or 

(b) the Borrower shall fail to pay any interest on any Loan or any fee or any other amount (other than an amount payable under
Section 8.1(a)) payable under this Agreement or any other Loan Document, when and as the same shall become due and payable, and such failure shall continue unremedied for a period of three (3) Business Days; or 

(c) any representation or warranty made or deemed made by or on behalf of Holdings, the Borrower or any other Restricted
Subsidiary in or in connection with this Agreement or any other Loan Document (including the Schedules attached thereto) and any amendments or modifications hereof or waivers hereunder, or in any certificate, report, financial statement or other
document submitted to the Administrative Agent or the Lenders by any Loan Party or any representative of any Loan Party pursuant to or in connection with this Agreement or any other Loan Document shall prove to be incorrect in any material
respect when made or deemed made or submitted; or 

  
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 (d) the Borrower or Holdings shall fail to observe or perform any covenant
or agreement contained in Sections 5.1, 5.2, 5.3 (solely with respect to the Borrower’s or Holdings’ existence) or 5.11 or Article VI or VII; or 

(e) (i) the Borrower or Holdings shall fail to observe or perform any covenant or agreement contained in
Section 5.12, and such failure shall remain unremedied for ten (10) Business Days after the earlier of (A) any officer of the Borrower becomes aware of such failure or (B) notice thereof shall have been given
to the Borrower by the Administrative Agent or any Lender or (ii) any Loan Party shall fail to observe or perform any covenant or agreement contained in this Agreement (other than those referred to in Sections 8.1(a), (b),
(d) and (e)(i) above), and such failure shall remain unremedied for thirty (30) days after the earlier of (A) any officer of the Borrower becomes aware of such failure or (B) notice thereof shall have been given to the
Borrower by the Administrative Agent or any Lender; or 
 (f) any event of default (after giving effect to any grace period)
shall have occurred and be continuing under the Loan Facility Documents, or all or any part of the obligations due and owing under the Loan Facility Agreement are accelerated, declared to be due and payable, or required to be prepaid or redeemed, in
each case prior to the stated maturity thereof; 
 (g) Holdings, the Borrower or any Restricted Subsidiary (whether as
primary obligor or as guarantor or other surety) shall fail to pay any principal of or premium or interest on any Material Indebtedness that is outstanding, when and as the same shall become due and payable (whether at scheduled maturity, required
prepayment, acceleration, demand or otherwise), and such failure shall continue after the applicable grace period, if any, specified in the agreement or instrument evidencing such Indebtedness; or any other event shall occur or condition shall exist
under any agreement or instrument relating to such Indebtedness and shall continue after the applicable grace period, if any, specified in such agreement or instrument, if the effect of such event or condition is to accelerate, or permit the
acceleration of, the maturity of such Indebtedness; or any such Indebtedness shall be declared to be due and payable; or required to be prepaid or redeemed (other than by a regularly scheduled required prepayment or redemption), purchased or
defeased, or any offer to prepay, redeem, purchase or defease such Indebtedness shall be required to be made, in each case prior to the stated maturity thereof; or 

(h) Holdings, the Borrower, any Material Subsidiary, or, to the extent such action could reasonably be expected to have a
Material Adverse Effect, any other Restricted Subsidiary, shall (i) commence a voluntary case or other proceeding or file any petition seeking liquidation, reorganization or other relief under any federal, state or foreign bankruptcy,
insolvency or other similar law now or hereafter in effect or seeking the appointment of a custodian, trustee, receiver, liquidator or other similar official of it or any substantial part of its property, (ii) consent to the institution of, or
fail to contest in a timely and appropriate manner, any proceeding or petition described in Section 8.1(i), (iii) apply for or consent to the appointment of a custodian, trustee, receiver, liquidator or other similar
official for Holdings, the Borrower or any such Material Subsidiary or for a substantial part of its assets, (iv) file an answer admitting the material allegations of a petition filed against it in any such proceeding, (v) make a general
assignment for the benefit of creditors or (vi) take any action for the purpose of effecting any of the foregoing; or 

  
 91 

 (i) an involuntary proceeding shall be commenced or an involuntary petition
shall be filed seeking (i) liquidation, reorganization or other relief in respect of Holdings, the Borrower, any Material Subsidiary or, to the extent such action could reasonably be expected to have a Material Adverse Effect, any other
Restricted Subsidiary, or its debts, or any substantial part of its assets, under any federal, state or foreign bankruptcy, insolvency or other similar law now or hereafter in effect or (ii) the appointment of a custodian, trustee, receiver,
liquidator or other similar official for Holdings, the Borrower, any Material Subsidiary or, to the extent such action could reasonably be expected to have a Material Adverse Effect, any other Restricted Subsidiary, or for a substantial part of its
assets, and in any such case, such proceeding or petition shall remain undismissed for a period of sixty (60) days or an order or decree approving or ordering any of the foregoing shall be entered; or 

(j) Holdings, the Borrower, any Material Subsidiary or, to the extent such action could reasonably be expected to have a
Material Adverse Effect, any other Restricted Subsidiary shall become unable to pay, shall admit in writing its inability to pay, or shall fail to pay, its debts as they become due; or 

(k) an ERISA Event shall have occurred that when taken together with other ERISA Events that have occurred, could reasonably be
expected to result in liability to Holdings, the Borrower and its Restricted Subsidiaries in an aggregate amount exceeding, as of any date of determination, an amount equal to two percent (2.0%) of the aggregate book value of the total assets of
Holdings, the Borrower and its Restricted Subsidiaries determined on a consolidated basis as of the last day of the most recently ended Fiscal Quarter for which financial statements have been delivered, or otherwise having a Material Adverse Effect;
or 
 (l) judgments and orders for the payment of money in excess of in the aggregate, as of any date of determination, an
amount equal to two percent (2.0%) of the aggregate book value of the total assets of Holdings, the Borrower and its Restricted Subsidiaries determined on a consolidated basis as of the last day of the most recently ended Fiscal Quarter for which
financial statements have been delivered, to the extent not covered by insurance for which the insurance carrier has acknowledged coverage, shall be rendered against Holdings, the Borrower, any Material Subsidiary or, to the extent such action could
reasonably be expected to have a Material Adverse Effect, any other Restricted Subsidiary, and to the extent such judgments or orders have not been discharged either (i) enforcement proceedings shall have been commenced by any creditor upon
such judgment or order or (ii) there shall be a period of thirty (30) consecutive days during which a stay of enforcement of such judgment or order, by reason of a pending appeal or otherwise, shall not be in effect; or 

(m) any non-monetary judgment or order shall be rendered against
Holdings, the Borrower or any Restricted Subsidiary that could reasonably be expected to have a Material Adverse Effect, and there shall be a period of thirty (30) consecutive days during which a stay of enforcement of such judgment or order,
by reason of a pending appeal or otherwise, shall not be in effect; or 
 (n) a Change in Control shall occur or exist; or

  
 92 

 (o) any provision of any Guarantee Agreement or the Borrower Guarantee
Agreement shall for any reason cease to be valid and binding on, or enforceable against, any Guarantor, or any Guarantor shall so state in writing, or any Guarantor shall seek to terminate its Guarantee under the Guarantee Agreement or the Borrower
Guarantee Agreement, as applicable; or 
 (p) any other Loan Document, at any time after its execution and delivery and for
any reason other than as expressly permitted hereunder or thereunder or satisfaction in full of all the Obligations, ceases to be in full force and effect; or any Loan Party or any other Person contests in any manner the validity or enforceability
of any Loan Document; or any Loan Party denies that it has any or further liability or obligation under any Loan Document, or purports to revoke, terminate or rescind any Loan Document, or an event of default occurs under any other Loan Document
(after giving effect to any applicable grace period); or 
 (q) the Administrative Agent shall not have or shall cease to
have a valid and perfected lien in any material portion of the Collateral purported to be covered by the Collateral Documents for any reason other than the failure of the Administrative Agent to take any action within its control; 

then, and in every such event (other than an event with respect to Holdings or the Borrower described in Sections 8.1(h) or (i)) and at any time
thereafter during the continuance of such event, the Administrative Agent may, and upon the written request of the Required Lenders shall, by notice to the Borrower, take any or all of the following actions, at the same or different times:
(i) terminate the Commitments, whereupon the Commitment of each Lender shall terminate immediately; (ii) declare the principal of and any accrued interest on the Loans, and all other Obligations owing hereunder, to be, whereupon the same
shall become due and payable immediately, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower; (iii) exercise all remedies contained in any other Loan Document; and (iv) exercise
any other remedies available at law or in equity; and that, if an Event of Default specified in either Section 8.1(h) or 8.1(i) shall occur, the Commitments shall automatically terminate and the principal of the
Loans then outstanding, together with accrued interest thereon, and all fees, and all other Obligations shall automatically become due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by
the Borrower. 
 Section 8.2 Application of Funds. 

After the exercise of remedies provided for in Section 8.1 (or immediately after an Event of Default specified in
either Section 8.1(h) or 8.1(i)), any amounts received on account of the Obligations shall be applied by the Administrative Agent in the following order: 

(a) first, if there is any collateral securing the Obligations hereunder at such time, to the reimbursable expenses of the
Administrative Agent incurred in connection with such sale or other realization upon the collateral, until the same shall have been paid in full; 

(b) second, to the fees and other reimbursable expenses of the Administrative Agent and the Issuing Banks then due and payable
pursuant to any of the Loan Documents, until the same shall have been paid in full; 
 (c) third, to all reimbursable
expenses, if any, of the Lenders then due and payable pursuant to any of the Loan Documents, until the same shall have been paid in full; 

  
 93 

 (d) fourth, to the fees due and payable under the Loan Documents and
interest then due and payable under the terms of the Loan Documents, until the same shall have been paid in full; 
 (e)
fifth, to the aggregate outstanding principal amount of the Term Loans on a pro rata basis among each class thereof (allocated pro rata among the Lenders in respect of their Pro Rata Shares), to the aggregate outstanding principal amount of the
Revolving Loans, the LC Exposure, the Hedging Obligations and the Treasury Management Obligations, until the same shall have been paid in full, allocated pro rata among any Lender and any Lender or Affiliate of a Lender holding Hedging
Obligations or Treasury Management Obligations, based on their respective Pro Rata Shares of the aggregate amount of such Revolving Loans, LC Exposure, the Hedging Obligations and Treasury Management Obligations; 

(f) sixth, to additional Cash Collateral for the aggregate amount of all outstanding Letters of Credit until the aggregate
amount of all Cash Collateral held by the Administrative Agent pursuant to this Agreement is equal to one hundred five percent (105%) of the LC Exposure after giving effect to the foregoing Section 8.2(e); and 

(g) to the extent any proceeds remain, to the Borrower or other parties lawfully entitled thereto. 

All amounts allocated pursuant to the foregoing Sections 8.2(c) through (f) to the Lenders as a result of amounts owed to
the Lenders under the Loan Documents shall be allocated among, and distributed to, the Lenders pro rata based on their respective Pro Rata Shares; provided, that all amounts allocated to that portion of the LC Exposure comprised of the
aggregate undrawn amount of all outstanding Letters of Credit pursuant to Sections 8.2(e) and (f) shall be distributed to the Administrative Agent, rather than to the Lenders, and held by the Administrative Agent in an account in
the name of the Administrative Agent for the benefit of the Issuing Banks and the Lenders as Cash Collateral for the LC Exposure, such account to be administered in accordance with Section 2.24(g). 

Excluded Swap Obligations with respect to any Guarantor shall not be paid with amounts received from such Guarantor or its assets, but
appropriate adjustments shall be made with respect to payments from other Loan Parties to preserve the allocation to Obligations otherwise set forth above in this Section 8.2. 

Notwithstanding the foregoing, Hedging Obligations and Treasury Management Obligations may be excluded from the application described above
without any liability to the Administrative Agent, if the Administrative Agent has not received written notice, together with such supporting documentation as the Administrative Agent may reasonably request, from the applicable Lender or Affiliate
of a Lender. Each such Lender or Affiliate of a Lender not a party to this Agreement that has given the notice contemplated by the preceding sentence shall, by such notice, be deemed to have acknowledged and accepted the appointment of the
Administrative Agent pursuant to the terms of Article IX for itself and its Affiliates as if a “Lender” party hereto. 

  
 94 

 ARTICLE IX. 

THE ADMINISTRATIVE AGENT 

Section 9.1 Appointment of Administrative Agent. 

(a) Each Lender irrevocably appoints Truist Bank as the Administrative Agent and authorizes it to take such actions on its
behalf and to exercise such powers as are delegated to the Administrative Agent under this Agreement and the other Loan Documents, together with all such actions and powers that are reasonably incidental thereto. The Administrative Agent may perform
any of its duties hereunder or under the other Loan Documents by or through any one or more sub-agents appointed by the Administrative Agent. The Administrative Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers through their respective Related Parties. The exculpatory provisions set forth in this Article IX shall apply to any such sub-agent and the Related Parties of the Administrative Agent and any such sub-agent and shall apply to their respective activities in connection with the syndication of the
credit facilities provided for herein as well as activities as Administrative Agent. 
 (b) Each Issuing Bank shall act on
behalf of the Lenders with respect to any Letters of Credit issued by it and the documents associated therewith until such time and except for so long as the Administrative Agent may agree at the request of the Required Lenders to act for such
Issuing Bank with respect thereto; provided, that such Issuing Bank shall have all the benefits and immunities (i) provided to the Administrative Agent in this Article IX with respect to any acts taken or omissions suffered by
such Issuing Bank in connection with Letters of Credit issued by it or proposed to be issued by it and the application and agreements for letters of credit pertaining to the Letters of Credit as fully as the term “Administrative Agent” as
used in this Article IX included such Issuing Bank with respect to such acts or omissions and (ii) as additionally provided in this Agreement with respect to such Issuing Bank. 

Section 9.2 Nature of Duties of Administrative Agent. The Administrative Agent shall not have any
duties or obligations except those expressly set forth in this Agreement and the other Loan Documents. Without limiting the generality of the foregoing, (a) the Administrative Agent shall not be subject to any fiduciary or other implied duties,
regardless of whether a Default or an Event of Default has occurred and is continuing, (b) the Administrative Agent shall not have any duty to take any discretionary action or exercise any discretionary powers, except those discretionary rights
and powers expressly contemplated by the Loan Documents that the Administrative Agent is required to exercise in writing by the Required Lenders (or such other number or percentage of the Lenders as shall be necessary under the circumstances as
provided in Section 10.2), and (c) except as expressly set forth in the Loan Documents, the Administrative Agent shall not have any duty to disclose, and shall not be liable for the failure to disclose, any information
relating to Holdings or any of its Subsidiaries that is communicated to or obtained by the Administrative Agent or any of its Affiliates in any capacity. The Administrative Agent shall not be liable for any action taken or not taken by it or its sub-agents with the consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary under the circumstances as provided in
Section 10.2) or in the absence of its own gross negligence or willful misconduct. The Administrative Agent shall not be deemed to have knowledge of any Default or Event of Default unless and until written notice thereof is
given to the Administrative Agent by the Borrower or any Lender, and the Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with
any Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance of any of the covenants, agreements, or other
terms and conditions set forth in any Loan Document, (iv) the validity, enforceability, effectiveness or genuineness of any Loan Document or any other agreement, instrument or document, or (v) the satisfaction of any condition set forth in
Article III or elsewhere in any Loan Document, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent. 

  
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 Section 9.3 Lack of Reliance on the Administrative
Agent. Each of the Lenders, the Swingline Lender and the Issuing Banks acknowledges that it has, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it has
deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each of the Lenders, the Swingline Lender and the Issuing Banks also acknowledges that it will, independently and without reliance upon the Administrative
Agent or any other Lender and based on such documents and information as it has deemed appropriate, continue to make its own decisions in taking or not taking of any action under or based on this Agreement, any related agreement or any document
furnished hereunder or thereunder. Each of the Lenders, the Swingline Lender and Issuing Banks represents and warrants that (i) the Loan Documents set forth the terms of a commercial lending facility and (ii) it is engaged in making,
acquiring or holding commercial loans in the ordinary course and is entering into this Agreement as a Lender, the Swingline Lender or an Issuing Bank for the purpose of making, acquiring or holding commercial loans and providing other facilities set
forth herein as may be applicable to such Lender, the Swingline Lender or an Issuing Bank, and not for the purpose of purchasing, acquiring or holding any other type of financial instrument, and each Lender, the Swingline Lender and each Issuing
Bank agrees not to assert a claim in contravention of the foregoing. Each Lender, the swingline Lender and each Issuing Bank represents and warrants that it is sophisticated with respect to decisions to make, acquire and/or hold
commercial loans and to provide other facilities set forth herein, as may be applicable to such Lender, the Swingline Lender or such Issuing Bank, and either it, or the Person exercising discretion in making its decision to make, acquire and/or hold
such commercial loans or to provide such other facilities, is experienced in making, acquiring or holding such commercial loans or providing such other facilities. 

Section 9.4 Certain Rights of the Administrative Agent. If the Administrative Agent shall request
instructions from the Required Lenders with respect to any action or actions (including the failure to act) in connection with this Agreement, the Administrative Agent shall be entitled to refrain from such act or taking such act, unless and until
it shall have received instructions from such Lenders; and the Administrative Agent shall not incur liability to any Person by reason of so refraining. Without limiting the foregoing, no Lender shall have any right of action whatsoever against the
Administrative Agent as a result of the Administrative Agent acting or refraining from acting hereunder in accordance with the instructions of the Required Lenders where required by the terms of this Agreement. 

Section 9.5 Reliance by Administrative Agent. The Administrative Agent shall be entitled to rely upon,
and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing believed by it to be genuine and to have been signed, sent or made by the proper Person. The
Administrative Agent may also rely upon any statement made to it orally or by telephone and believed by it to be made by the proper Person and shall not incur any liability for relying thereon. The Administrative Agent may consult with legal counsel
(including counsel for the Borrower), independent public accountants and other experts selected by it and shall not be liable for any action taken or not taken by it in accordance with the advice of such counsel, accountants or experts. 

Section 9.6 The Administrative Agent in its Individual Capacity. The bank serving as the
Administrative Agent shall have the same rights and powers under this Agreement and any other Loan Document in its capacity as a Lender as any other Lender and may exercise or refrain from exercising the same as though it were not the Administrative
Agent; and the terms “Lenders”, “Required Lenders”, “holders of Notes”, or any similar terms shall, unless the context clearly otherwise indicates, include the Administrative Agent in its individual capacity. The bank
acting as the Administrative Agent and its Affiliates may accept deposits from, lend money to, and generally engage in any kind of business with Holdings or any Subsidiary or Affiliate of Holdings as if it were not the Administrative Agent
hereunder. 

  
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 Section 9.7 Successor Administrative Agent. 

(a) The Administrative Agent may resign at any time by giving notice thereof to the Lenders and the Borrower. Upon any such
resignation, the Required Lenders shall have the right to appoint a successor Administrative Agent, subject to the approval by the Borrower if no Default or Event of Default shall exist at such time. If no successor Administrative Agent shall have
been so appointed, and shall have accepted such appointment within thirty (30) days after the retiring Administrative Agent gives notice of resignation, then the retiring Administrative Agent may, on behalf of the Lenders and the Issuing Bank,
appoint a successor Administrative Agent, which shall be a commercial bank organized under the laws of the United States of America or any state thereof or a bank which maintains an office in the United States, having a combined capital and surplus
of at least $500,000,000. 
 (b) If the Person serving as Administrative Agent is a Defaulting Lender pursuant to clause
(v) of the definition thereof, the Required Lenders may, to the extent permitted by applicable law, by notice in writing to the Borrower and such Person remove such Person as Administrative Agent and, in consultation with the Borrower,
appoint a successor. If no such successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within thirty (30) days (or such earlier day as shall be agreed by the Required Lenders) (the
“Removal Effective Date”), then such removal shall nonetheless become effective in accordance with such notice on the Removal Effective Date. 

(c) Upon the acceptance of its appointment as the Administrative Agent hereunder by a successor, such successor Administrative
Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring or removed Administrative Agent, and the retiring or removed Administrative Agent shall be discharged from its duties and
obligations under this Agreement and the other Loan Documents. If within forty-five (45) days after written notice is given of the retiring Administrative Agent’s resignation under this Section 9.7 no successor
Administrative Agent shall have been appointed and shall have accepted such appointment, then on such 45th day (i) the retiring Administrative Agent’s resignation shall become effective,
(ii) the retiring Administrative Agent shall thereupon be discharged from its duties and obligations under the Loan Documents and (iii) the Required Lenders shall thereafter perform all duties of the retiring Administrative Agent under the
Loan Documents until such time as the Required Lenders appoint a successor Administrative Agent as provided above. After any retiring or removed Administrative Agent’s resignation or removal hereunder, the provisions of this
Article IX shall continue in effect for the benefit of such retiring or removed Administrative Agent and its representatives and agents in respect of any actions taken or not taken by any of them while it was serving as the
Administrative Agent. 
 (d) In addition to the foregoing, if a Lender becomes, and during the period it remains, a
Defaulting Lender, and if any Default has arisen from a failure of the Borrower to comply with Section 2.26(a)(ii), then the Issuing Bank and the Swingline Lender may, upon prior written notice to the Borrower and the
Administrative Agent, resign as Issuing Bank or as Swingline Lender, as the case may be, effective at the close of business Charlotte, North Carolina time on a date specified in such notice (which date may not be less than five (5) Business
Days after the date of such notice). 

  
 97 

 Section 9.8 Authorization to Execute other Loan
Documents. Each Lender hereby authorizes the Administrative Agent to execute on behalf of all Lenders all Loan Documents other than this Agreement, including, without limitation, the Intercreditor Agreement after the occurrence of the
Trigger Event. 
 Section 9.9 Withholding Tax. To the extent required by any applicable law, the
Administrative Agent may withhold from any interest payment to any Lender an amount equivalent to any applicable withholding tax. If the Internal Revenue Service or any authority of the United States or other jurisdiction asserts a claim that the
Administrative Agent did not properly withhold tax from amounts paid to or for the account of any Lender (because the appropriate form was not delivered, was not properly executed, or because such Lender failed to notify the Administrative Agent of
a change in circumstances that rendered the exemption from, or reduction of, withholding tax ineffective, or for any other reason), such Lender shall indemnify the Administrative Agent (to the extent that the Administrative Agent has not already
been reimbursed by the Borrower and without limiting the obligation of the Borrower to do so) fully for all amounts paid, directly or indirectly, by the Administrative Agent as tax or otherwise, including penalties and interest, together with all
expenses incurred, including legal expenses, allocated staff costs and any out of pocket expenses. 
 Section 9.10
Administrative Agent May File Proofs of Claim. 
 (a) In case of the pendency of any receivership,
insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to any Loan Party, the Administrative Agent (irrespective of whether the principal of any Loan or any Revolving Credit
Exposure shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Administrative Agent shall have made any demand on the Borrower) shall be entitled and empowered, by intervention in such
proceeding or otherwise: 
 (i) to file and prove a claim for the whole amount of the principal and interest owing and unpaid
in respect of the Loans or Revolving Credit Exposure and all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders, Issuing Banks and the
Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders, Issuing Banks and the Administrative Agent and its agents and counsel and all other amounts due the Lenders, Issuing
Banks and the Administrative Agent under Section 10.3) allowed in such judicial proceeding; and 

(ii) to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same.

 (b) Any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial
proceeding is hereby authorized by each Lender and each Issuing Bank to make such payments to the Administrative Agent and, if the Administrative Agent shall consent to the making of such payments directly to the Lenders and the Issuing Banks, to
pay to the Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative Agent under
Section 10.3. 
 (c) Nothing contained herein shall be deemed to authorize the Administrative Agent
to authorize or consent to or accept or adopt on behalf of any Lender or any Issuing Bank any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or to authorize the Administrative
Agent to vote in respect of the claim of any Lender in any such proceeding. 

  
 98 

 Section 9.11 Collateral and Guaranty Matters. The
Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion: 
 (a) to release any Lien on
any property granted to or held by the Administrative Agent under any Loan Document (i) upon the termination of all Revolving Commitments, the Cash Collateralization of all reimbursement obligations with respect to Letters of Credit in an
amount equal to 105% of the aggregate LC Exposure of all Lenders, and the payment in full of all Obligations (other than contingent indemnification obligations and such Cash Collateralized reimbursement obligations), (ii) that is sold or to be sold
as part of or in connection with any sale permitted hereunder or under any other Loan Document or the designation of any Restricted Subsidiary as an Unrestricted Subsidiary pursuant to Section 5.14, or (iii) if
approved, authorized or ratified in writing in accordance with Section 10.2; and 
 (b) to release
any Loan Party from its obligations under the applicable Collateral Documents if such Person ceases to be a Loan Party as a result of a transaction permitted hereunder. 

Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s authority to
release its interest in particular types or items of property, or to release any Loan Party from its obligations under the applicable Collateral Documents pursuant to this Section 9.11. In each case as specified in this
Section, the Administrative Agent is authorized, at the Borrower’s expense, to execute and deliver to the applicable Loan Party such documents as such Loan Party may reasonably request to evidence the release of such item of Collateral from the
Liens granted under the applicable Collateral Documents, or to release such Loan Party from its obligations under the applicable Collateral Documents, in each case in accordance with the terms of the Loan Documents and this
Section 9.11. 
 Section 9.12 Right to Realize on Collateral and Enforce
Guarantee. Anything contained in any of the Loan Documents to the contrary notwithstanding, Holdings, the Borrower, the Administrative Agent and each Lender hereby agree that (i) no Lender shall have any right individually to realize
upon any of the Collateral or to enforce the Collateral Documents, it being understood and agreed that all powers, rights and remedies hereunder and under the Collateral Documents may be exercised solely by the Administrative Agent, and (ii) in
the event of a foreclosure by the Administrative Agent on any of the Collateral pursuant to a public or private sale or other disposition, the Administrative Agent or any Lender may be the purchaser or licensor of any or all of such Collateral at
any such sale or other disposition and the Administrative Agent, as agent for and representative of the Lenders (but not any Lender or Lenders in its or their respective individual capacities unless the Required Lenders shall otherwise agree in
writing), shall be entitled, for the purpose of bidding and making settlement or payment of the purchase price for all or any portion of the Collateral sold at any such public sale, to use and apply any of the Obligations as a credit on account of
the purchase price for any collateral payable by the Administrative Agent at such sale or other disposition. 

  
 99 

 ARTICLE X. 

MISCELLANEOUS 

Section 10.1 Notices. 

(a) Written Notices. 

(i) Except in the case of notices and other communications expressly permitted to be given by telephone, all notices and other
communications to any party herein to be effective shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by telecopy, as follows: 

To the Borrower:
                    Aaron’s, LLC 

400 Galleria Parkway SE, Suite 300 

Atlanta, GA 30339 
 Attn: Chief
Financial Officer 
 Telecopy Number: (855) 778-8565 

with a copy to: 

Aaron’s, LLC 
 400 Galleria
Parkway SE, Suite 300 
 Atlanta, GA 30339 

Attn: General Counsel 
 Telecopy
Number: (855) 778-8565 
 To the Administrative Agent:  Truist Bank 

3333 Peachtree Road 
 Atlanta,
Georgia 30326 
 Attention: Tesha Winslow 

Telecopy Number: (404) 439-7327 

With a copy to:
                       Truist Bank 

Agency Services 
 303 Peachtree
Street, N.E. / 25th Floor 
 Atlanta, Georgia 30308 

Attention: Agency Services 

Telecopy Number: (404) 495-2170 

To an Issuing Bank:                 Truist Bank 

25 Park Place, N.E. / Mail Code 3706 / 16th Floor 

Atlanta, Georgia 30303 

Attention: Standby Letter of Credit Dept. 

Telecopy Number: (404) 588-8129 

  
 100 

 JPMorgan Chase Bank, N.A. 

10 S. Dearborn Street, Floor L2S 

Chicago, IL 60603-2300 

Attention: CLS Non Agented Servicing Team (Rajesh Gadige) 

Telephone: 806-790-5009 

Telecopy Number: 214-307-6874 

Bank of America, N.A. 
 401 N.
Tryon St; NC1-021-06-01 

Charlotte, NC 28255 
 To the
Swingline Lender:        Truist Bank 
 Agency Services 

303 Peachtree Street, N.E. / 25th Floor 

Atlanta, Georgia 30308 

Attention: Agency Services 

Telecopy Number: (404) 495-2170 

To any other Lender:               the address set forth on the 

Administrative 
 Questionnaire
or in the Assignment and 
 Acceptance that such Lender executes 

Any party hereto may change its address or telecopy number for notices and other communications hereunder by notice to the
other parties hereto. All such notices and other communications shall, when transmitted by overnight delivery, or faxed, be effective when delivered for overnight (next-day) delivery, or transmitted in legible
form by facsimile machine, respectively, or if mailed, upon the third Business Day after the date deposited into the mails or if delivered by hand, upon delivery; provided, that notices delivered to the Administrative Agent, an Issuing Bank
or the Swingline Lender shall not be effective until actually received by such Person at its address specified in this Section 10.1. 

(ii) Any agreement of the Administrative Agent, the Issuing Banks and the Lenders herein to receive certain notices by
telephone or facsimile is solely for the convenience and at the request of the Borrower. The Administrative Agent, the Issuing Banks and the Lenders shall be entitled to rely on the authority of any Person purporting to be a Person authorized by the
Borrower to give such notice and the Administrative Agent, the Issuing Banks and Lenders shall not have any liability to the Borrower or other Person on account of any action taken or not taken by the Administrative Agent, the Issuing Banks or the
Lenders in reliance upon such telephonic or facsimile notice. The obligation of the Borrower to repay the Loans and all other Obligations hereunder shall not be affected in any way or to any extent by any failure of the Administrative Agent, the
Issuing Banks and the Lenders to receive written confirmation of any telephonic or facsimile notice or the receipt by the Administrative Agent, the Issuing Banks and the Lenders of a confirmation which is at variance with the terms understood by the
Administrative Agent, the Issuing Banks and the Lenders to be contained in any such telephonic or facsimile notice. 

  
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 (b) Electronic Communications. 

(i) Notices and other communications to the Lenders and the Issuing Banks hereunder may be delivered or furnished by electronic
communication (including e-mail and Internet or intranet websites) pursuant to procedures approved by Administrative Agent; provided that the foregoing shall not apply to notices to any Lender or any
Issuing Bank pursuant to Article II unless such Lender, such Issuing Bank, as applicable, and Administrative Agent have agreed to receive notices under such Article II by electronic communication and have agreed to the procedures
governing such communications. Administrative Agent or Borrower may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it; provided that
approval of such procedures may be limited to particular notices or communications. 
 (ii) Unless Administrative Agent
otherwise prescribes, (A) notices and other communications sent to an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by
the “return receipt requested” function, as available, return e-mail or other written acknowledgement); provided that if such notice or other communication is not sent during the normal
business hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business on the next Business Day for the recipient, and (B) notices or communications posted to an Internet or intranet website
shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as described in the foregoing Section 10.1(b)(ii)(A) of notification that such notice
or communication is available and identifying the website address therefor 
 (iii) The Borrower agrees that the
Administrative Agent may, but shall not be obligated to, make Communications (as defined below) available to the Issuing Banks and the other Lenders by posting the Communications on Debt Domain, Intralinks, Syndtrak, ClearPar or a substantially
similar electronic system (each, an “Electronic System”). 
 (iv) Any Electronic System used by the
Administrative Agent is provided “as is” and “as available.” The Agent Parties (as defined below) do not warrant the adequacy of such Electronic Systems and expressly disclaim liability for errors or omissions in the
Communications. No warranty of any kind, express, implied or statutory, including, without limitation, any warranty of merchantability, fitness for a particular purpose, non-infringement of third-party rights
or freedom from viruses or other code defects, is made by any Agent Party in connection with the Communications or any Electronic System. In no event shall the Administrative Agent or any of its Related Parties (collectively, the “Agent
Parties”) have any liability to any Loan Party, any Lender, any Issuing Bank or any other Person or entity for damages of any kind, including, without limitation, direct or indirect, special, incidental or consequential damages, losses
or expenses (whether in tort, contract or otherwise) arising out of any Loan Party’s or the Administrative Agent’s transmission of Communications through an Electronic System. “Communications” means, collectively,
any notice, demand, communication, information, document or other material provided by or on behalf of any Loan Party pursuant to any Loan Document or the transactions contemplated therein which is distributed by the Administrative Agent, any Lender
or any Issuing Bank by means of electronic communications pursuant to this Section 10.1, including through an Electronic System. 

  
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 Section 10.2 Waiver; Amendments. 

(a) No failure or delay by the Administrative Agent, any Issuing Bank or any Lender in exercising any right or power hereunder
or any other Loan Document, and no course of dealing between any Loan Party and the Administrative Agent, or any Lender, shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power or any abandonment
or discontinuance of steps to enforce such right or power, preclude any other or further exercise thereof or the exercise of any other right or power hereunder or thereunder. The rights and remedies of the Administrative Agent, the Issuing Banks and
the Lenders hereunder and under the other Loan Documents are cumulative and are not exclusive of any rights or remedies provided by law. No waiver of any provision of this Agreement or any other Loan Document or consent to any departure by any Loan
Party therefrom shall in any event be effective unless the same shall be permitted by Section 10.2(b), 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 making of a Loan or the issuance of a Letter of Credit shall not be construed as a waiver of any Default or Event of Default, regardless of whether the Administrative Agent, any Lender or any
Issuing Bank may have had notice or knowledge of such Default or Event of Default at the time. 
 (b) Except as otherwise
provided in this Agreement, including, without limitation, as provided in Section 2.17 with respect to the implementation of a Benchmark Replacement Rate or Benchmark Conforming Changes (as set forth therein), no amendment
or waiver of any provision of this Agreement or the other Loan Documents, nor consent to any departure by the Borrower therefrom, shall in any event be effective unless the same shall be in writing and signed by the Borrower, Holdings and the
Required Lenders or the Borrower, Holdings and the Administrative Agent with the consent of the Required Lenders and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given;
provided, that no amendment or waiver shall: (i) increase the Commitment of any Lender without the written consent of such Lender, (ii) reduce the principal amount of any Loan or LC Disbursement or reduce the rate of interest
thereon, or reduce any fees payable hereunder, without the written consent of each Lender affected thereby, (iii) postpone the date fixed for any payment of any principal of, or interest on, any Loan or LC Disbursement or interest thereon or
any fees hereunder or reduce the amount of, waive or excuse any such payment, or postpone the scheduled date for the termination or reduction of any Commitment, without the written consent of each Lender affected thereby, (iv) change
Section 2.22(b) or (c) in a manner that would alter the pro rata sharing of payments required thereby, without the written consent of each Lender, (v) change any of the provisions of this
Section 10.2 or the definition of “Required Lenders”, “Required Revolving Lenders” or any other provision hereof specifying the number or percentage of Lenders which are required to waive, amend or
modify any rights hereunder or make any determination or grant any consent hereunder, without the written consent of each Lender; (vi) release any guarantor or limit the liability of any such guarantor under any guaranty agreement (other than
the release of a Guarantor in connection with its designation as a Unrestricted Subsidiary pursuant to the terms of Section 5.14), without the written consent of each Lender; (vii) release all or substantially all
collateral (if any) securing any of the Obligations or agree to subordinate any Lien in all or substantially all of the collateral securing the Obligations to any other creditor of Holdings, the Borrower or any Restricted Subsidiary, without the
written consent of each Lender; (viii) prior to the Revolving Commitments Termination Date, unless also signed by Required Revolving Lenders, no such amendment or waiver shall, (A) waive any Default or Event of Default for purposes of
Section 3.3, (B) amend, change, waive, discharge or terminate Sections 3.3 or 8.1 in a manner adverse to such Lenders or (C) amend, change, waive, discharge or terminate this
Section 10.2(b)(viii); or (ix) change Section 2.9(b) in a manner that would alter the ratable reduction or termination of Commitments required thereby, without the written consent of each
Lender; provided, further, that no such agreement shall 

  
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amend, modify or otherwise affect the rights, duties or obligations of the Administrative Agent, the Swingline Lender or any Issuing Bank without the prior written consent of such Person.
Notwithstanding anything contained herein to the contrary, this Agreement may be amended and restated without the consent of any Lender (but with the consent of the Borrower and the Administrative Agent) if, upon giving effect to such amendment and
restatement, such Lender shall no longer be a party to this Agreement (as so amended and restated), the Commitments of such Lender shall have terminated (but such Lender shall continue to be entitled to the benefits of Sections 2.19,
2.20, 2.21 and 10.3), such Lender shall have no other commitment or other obligation hereunder and shall have been paid in full all principal, interest and other amounts owing to it or accrued for its account under this
Agreement; provided, further, that (w) a Refinancing Facility Amendment shall be effective if signed by the Loan Parties, the Administrative Agent, each Person that agrees to provide a portion of the applicable Refinancing
Facility and, if such Refinancing Facility is a Refinancing Revolving Facility, each Issuing Bank and the Swingline Lender, (x) this Agreement may be amended (or amended and restated) to change, modify or alter
Section 2.22 or Article VIII or any other provision hereof relating to the pro rata sharing of payments among the Lenders to the extent necessary to implement any Refinancing Facility in accordance with
Section 2.27 with the written consent of the Administrative Agent, the Borrower, the other Loan Parties, the Lenders providing such Refinancing Facility and, if such Refinancing Facility is a Refinancing Revolving Facility,
each Issuing Bank and the Swingline Lender thereunder, (y) any Permitted Amendments allowing for extensions of the maturity date(s) of any Loans and/or Commitment shall be effective if signed by the Administrative Agent, the Loan Parties and
those Lenders willing to extend the maturity date(s) of such Loans and/or Commitments hereunder (it being understood that each Lender with a Loan or Commitment being extended shall have the opportunity to participate in such extension on the same
terms and conditions as each other Lender with the same Type of Loan or Commitment) and (z) this Agreement may be amended with the written consent of the Administrative Agent, the Additional Lenders, as applicable, and the Borrower (A) to
add one or more Incremental Revolving Commitments or Incremental Term Loans to this Agreement, in each case subject to the limitations in Section 2.25, and to permit the extensions of credit and all related obligations and
liabilities arising in connection therewith from time to time outstanding to share ratably (or on a basis subordinated to the existing facilities hereunder) in the benefits of this Agreement and the other Loan Documents with the obligations and
liabilities from time to time outstanding in respect of the existing facilities hereunder (including, in the case of any Incremental Term Loan, customary mandatory prepayment provisions reasonably acceptable to the Administrative Agent if the
Lenders providing such Incremental Term Loan so require) and (B) in connection with the foregoing, to permit, as deemed appropriate by the Administrative Agent and approved by the Required Lenders, the Lenders providing such additional credit
facilities to obtain comparable tranche voting rights with respect to each such Incremental Revolving Commitment or Incremental Term Loan and to participate in any required vote or action required to be approved by the Required Lenders or by any
other number, percentage or class of Lenders hereunder. 
 (c) Notwithstanding anything to the contrary herein, no Defaulting
Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder, except that the Commitment of such Lender may not be increased or extended, and amounts payable to such Lender hereunder may not be permanently reduced,
without the consent of such Lender (other than reductions in fees and interest in which such reduction does not disproportionately affect such Lender). 

  
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 Section 10.3 Expenses; Indemnification. 

(a) The Borrower shall pay (i) all reasonable,
out-of-pocket costs and expenses of the Administrative Agent, the Arrangers and their respective Affiliates, including the reasonable fees, charges and disbursements of
counsel for the Administrative Agent, the Arrangers and their respective Affiliates, in connection with the syndication of the credit facilities provided for herein, the preparation and administration of the Loan Documents and any amendments,
modifications or waivers thereof (whether or not the transactions contemplated in this Agreement or any other Loan Document shall be consummated), including the reasonable fees, charges and disbursements of counsel for the Administrative Agent, the
Arrangers and their respective Affiliates, (ii) all reasonable out-of-pocket expenses incurred by any Issuing Bank in connection with the issuance, amendment,
renewal or extension of any Letter of Credit or any demand for payment thereunder and (iii) all out-of-pocket costs and expenses (but limited, in the case of legal
fees and expenses, to the reasonable and documented fees, disbursements and other charges of one counsel to the Administrative Agent and the Lenders taken a whole, and, if necessary, of one local counsel in any relevant material jurisdiction and, if
necessary, of one regulatory counsel in any material specialty and, in the case of an actual or perceived conflict of interest, one additional counsel to the affected indemnified persons taken as a whole) incurred by the Administrative Agent, the
Arrangers, any Issuing Bank or any Lender in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents, including its rights under this Section 10.3, or in
connection with the Loans made or any Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or
negotiations in respect of such Loans or Letters of Credit. 
 (b) The Borrower shall indemnify the Administrative Agent (and
any sub-agent thereof), the Arrangers, each Lender and each Issuing Bank, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against,
and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the fees, charges and disbursements of any counsel for any Indemnitee), and shall indemnify and hold harmless each Indemnitee
from all fees and time charges and disbursements for attorneys who may be employees of any Indemnitee, incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrower or any other Loan Party arising out of, in
connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations
hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuing Bank to honor a demand
for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), (iii) the use by any Person of any information or materials obtained through Syndtrak or
any other Internet Web Sites, (iv) any actual or alleged presence or Release of Hazardous Materials on or from any property owned or operated by Holdings or any of its Subsidiaries, or any Environmental Liability related in any way to Holdings
or any of its Subsidiaries, or (v) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the
Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related
expenses (x) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee or (y) result from a claim brought by the Borrower or
any other Loan Party against an Indemnitee for breach in bad faith of such Indemnitee’s obligations hereunder or under any other Loan Document, in each case so long as the Borrower or such Loan Party has obtained a final and nonappealable
judgment in its favor on such claim as determined by a court of competent jurisdiction. This Section 10.3(b) shall not apply to Taxes other than any Taxes that represent losses, claims, damages, liabilities, etc. arising
from a non-Tax claim. 

  
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 (c) From and after the occurrence of the Trigger Event, the Borrower shall
pay, and hold the Administrative Agent, the Arrangers, each Issuing Bank and each of the Lenders harmless from and against, any and all present and future stamp, documentary, and other similar taxes with respect to this Agreement and any other Loan
Documents, any collateral described therein, or any payments due thereunder, and save the Administrative Agent, the Arrangers, each Issuing Bank and each Lender harmless from and against any and all liabilities with respect to or resulting from any
delay or omission to pay such taxes. 
 (d) To the extent that the Borrower fails to pay any amount required to be paid to
the Administrative Agent, the Arrangers, any Issuing Bank or the Swingline Lender under Sections 10.3(a), (b) or (c) hereof, each Lender severally agrees to pay to the Administrative Agent, the Arrangers, such Issuing Bank
or the Swingline Lender, as the case may be, such Lender’s Pro Rata Share (determined as of the time that the unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided, that the unreimbursed expense or
indemnified payment, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Arrangers, such Issuing Bank or the Swingline Lender in its capacity as such. 

(e) To the extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against any
Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to actual or direct damages) arising out of, in connection with or as a result of, this Agreement or any agreement or instrument
contemplated hereby, the transactions contemplated therein, any Loan or any Letter of Credit or the use of proceeds thereof. 

(f) All amounts due under this Section 10.3 shall be payable promptly after written demand therefor.

 Section 10.4 Successors and Assigns. 

(a) The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective
successors and assigns permitted hereby, except that the Borrower may not assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of the Administrative Agent and each Lender, and no Lender may assign
or otherwise transfer any of its rights or obligations hereunder except (i) to an assignee in accordance with the provisions of Section 10.4(b), (ii) by way of participation in accordance with the provisions of
Section 10.4(d) or (iii) by way of pledge or assignment of a security interest subject to the restrictions of Section 10.4(f) (and any other attempted assignment or transfer by any party
hereto shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby, Participants to the extent
provided in Section 10.4(d) and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent and the Lenders) any legal or equitable right, remedy or claim under or by reason of this
Agreement. 

  
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 (b) Any Lender may at any time assign to one or more assignees all or a
portion of its rights and obligations under this Agreement (including all or a portion of its Commitments, Loans, and other Revolving Credit Exposure at the time owing to it); provided that any such assignment shall be subject to the
following conditions: 
 (i) Minimum Amounts. 

(A) in the case of an assignment of the entire remaining amount of the assigning Lender’s Commitments, Loans and other
Revolving Credit Exposure at the time owing to it or in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund, no minimum amount need be assigned; and 

(B) in any case not described in Section 10.4(b)(i)(A), the aggregate amount of the Commitment
(which for this purpose includes Loans and Revolving Credit Exposure outstanding thereunder) or, if the applicable Commitment is not then in effect, the principal outstanding balance of the Loans and Revolving Credit Exposure of the assigning Lender
subject to each such assignment (determined as of the date the Assignment and Acceptance with respect to such assignment is delivered to the Administrative Agent or, if “Trade Date” is specified in the Assignment and Acceptance, as of the
Trade Date) shall not be less than $5,000,000, unless each of the Administrative Agent and, so long as no Event of Default has occurred and is continuing, the Borrower otherwise consents. 

(ii) Proportionate Amounts. Each partial assignment shall be made as an assignment of a proportionate part of all the
assigning Lender’s rights and obligations under this Agreement with respect to the Loans, other Revolving Credit Exposure or the Commitments assigned. 

(iii) Required Consents. The following consents (and no others) shall be required for any assignment: 

(A) the prior written consent of the Borrower (such consent not to be unreasonably withheld or delayed) shall be required
unless (x) an Event of Default has occurred and is continuing at the time of such assignment or (y) such assignment is to a Lender, an Affiliate of a Lender or an Approved Fund; 

(B) the prior written consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed) shall be
required for assignments to a Person that is not a Lender with a Commitment, an Affiliate of a Lender or an Approved Fund; 

(C) the prior written consent of each Issuing Bank (such consent not to be unreasonably withheld or delayed) shall be required
for any assignment that increases the obligation of the assignee to participate in exposure under one or more Letters of Credit (whether or not then outstanding), and the prior written consent of the Swingline Lender (such consent not to be
unreasonably withheld or delayed) shall be required for any assignment in respect of the Revolving Commitments; and 

  
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 (D) any consent required pursuant to
Section 10.4(b)(i)(B). 
 (iv) Assignment and Acceptance. The parties to each assignment
shall deliver to the Administrative Agent (A) a duly executed Assignment and Acceptance, (B) a processing and recordation fee of $3,500, (C) an Administrative Questionnaire unless the assignee is already a Lender and (D) the documents
required under Section 2.21(e) if such assignee is a Foreign Lender. 
 (v) No Assignment to
Certain Persons. No such assignment shall be made to (A) Holdings or any of Holdings’ Affiliates or Subsidiaries or (B) to any Defaulting Lender or any of its Subsidiaries, or any Person who, upon becoming a Lender hereunder,
would constitute any of the foregoing persons described in this Section 10.4(b)(v)(B). 
 (vi)
No Assignment to Natural Persons. No such assignment shall be made to a natural person. 
 Subject to acceptance and recording thereof
by the Administrative Agent pursuant to Section 10.4(c), from and after the effective date specified in each Assignment and Acceptance, the assignee thereunder shall be a party to this Agreement and, to the extent of the
interest assigned by such Assignment and Acceptance, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Acceptance, be released
from its obligations under this Agreement (and, in the case of an Assignment and Acceptance covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto) but shall continue to
be entitled to the benefits of Sections 2.19, 2.20, 2.21 and 10.3 with respect to facts and circumstances occurring prior to the effective date of such assignment; provided that, except to the
extent otherwise expressly agreed by the affected parties, no assignment by a Defaulting Lender will constitute a waiver or release of any claim of any party hereunder arising from such Lender’s having been a Defaulting Lender. Any assignment
or transfer by a Lender of rights or obligations under this Agreement that does not fully comply with this Section 10.4(b) shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such
rights and obligations in accordance with Section 10.4(d). If the consent of the Borrower to an assignment is required hereunder (including a consent to an assignment which does not meet the minimum assignment thresholds
specified above), the Borrower shall be deemed to have given its consent ten Business Days after the date notice thereof has actually been delivered by the assigning Lender (through the Administrative Agent) to the Borrower, unless such consent is
expressly refused by the Borrower prior to such tenth Business Day. 
 (c) The Administrative Agent, acting solely for this
purpose as an agent of the Borrower, shall maintain at one of its offices in Atlanta, Georgia a copy of each Assignment and Acceptance delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitments
of, and principal amounts (and stated interest) of the Loans and Revolving Credit Exposure owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). Information contained in the Register with
respect to any Lender shall be available for inspection by such Lender at any reasonable time and from time to time upon reasonable prior notice; information contained in the Register shall also be available for inspection by the Borrower at any
reasonable time and from time to time upon reasonable prior notice. In establishing and maintaining the Register, Administrative Agent shall serve as Borrower’s agent solely for tax purposes and solely with respect to the actions described in
this Section 10.4(c), and the Borrower hereby agrees that, to the extent Truist Bank serves in such capacity, Truist Bank and its officers, directors, employees, agents, sub-agents
and affiliates shall constitute “Indemnitees”. 

  
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 (d) Any Lender may at any time, without the consent of, or notice to, the
Borrower, the Administrative Agent, the Swingline Lender or the Issuing Banks sell participations to any Person (other than a natural person, Holdings or any of Holdings’ Affiliates or Subsidiaries or a Defaulting Lender) (each, a
“Participant”) in all or a portion of such Lender’s rights and/or obligations under this Agreement (including all or a portion of its Commitment and/or the Loans owing to it); provided that (i) such
Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (iii) the Borrower, the Administrative Agent,
the Lenders, the Issuing Banks and the Swingline Lender shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. 

(e) Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall
retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Lender will not, without the consent of
the Participant, agree to any amendment, modification or waiver with respect to the following to the extent affecting such Participant: (i) increase the Commitment of any Lender without the written consent of such Lender, (ii) reduce the
principal amount of any Loan or LC Disbursement or reduce the rate of interest thereon, or reduce any fees payable hereunder, without the written consent of each Lender affected thereby, (iii) postpone the date fixed for any payment of any
principal of, or interest on, any Loan or LC Disbursement or interest thereon or any fees hereunder or reduce the amount of, waive or excuse any such payment, or postpone the scheduled date for the termination or reduction of any Commitment, without
the written consent of each Lender affected thereby, (iv) change Section 2.22(b) or (c) in a manner that would alter the pro rata sharing of payments required thereby, without the written consent of each
Lender, (v) change any of the provisions of this Section 10.4 or the definitions of “Required Lenders” or “Required Revolving Lenders” or any other provision hereof specifying the number or
percentage of Lenders which are required to waive, amend or modify any rights hereunder or make any determination or grant any consent hereunder, without the consent of each Lender; (vi) release any Guarantor or limit the liability of any such
Guarantor under the Guarantee Agreement or the Borrower Guarantee Agreement without the written consent of each Lender except to the extent such release is expressly provided under the terms of such agreement; or (vii) release all
or substantially all collateral (if any) securing any of the Obligations. Subject to this Section 10.4, the Borrower agrees that each Participant shall be entitled to the benefits of Sections 2.19, 2.20, and
2.21 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to Section 10.4(b). To the extent permitted by law, each Participant also shall be entitled to the benefits of
Section 10.7 as though it were a Lender; provided such Participant agrees to be subject to Section 2.22 as though it were a Lender. Each Lender that sells a participation shall, acting
solely for this purpose as an agent of the Borrower, maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the Loans or other
obligations under the Loan Documents (the “Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any Participant
or any information relating to a Participant’s interest in any commitments, loans, letters of credit or its other obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish that such
commitment, loan, letter of credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury 

  
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Regulations. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the
owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility for maintaining a
Participant Register. 
 (f) A Participant shall not be entitled to receive any greater payment under
Section 2.19 and Section 2.21 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such
Participant is made with the Borrower’s prior written consent. A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 2.21 unless the Borrower is
notified of the participation sold to such Participant and such Participant agrees, for the benefit of the Borrower, to comply with Section 2.21(e) as though it were a Lender. 

(g) Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement to
secure obligations of such Lender, including without limitation any pledge or assignment to secure obligations to a Federal Reserve Bank; provided that no such pledge or assignment shall release such Lender from any of its obligations
hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. 
 Section 10.5
Governing Law; Jurisdiction; Consent to Service of Process. 
 (a) This Agreement and the other Loan
Documents shall be construed in accordance with and be governed by the law (without giving effect to the conflict of law principles thereof) of the State of New York. 

(b) Each of Holdings and the Borrower hereby irrevocably and unconditionally submits, for itself and its property, to the
exclusive jurisdiction of the United States District Court for the Southern District of New York, and of the Supreme Court of the State of New York sitting in New York County, Borough of Manhattan and any appellate court from any thereof, in
any action or proceeding arising out of or relating to this Agreement or any other Loan Document or the transactions contemplated hereby or thereby, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably
and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such District Court or New York state court or, to the extent permitted by applicable law, such appellate 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 or any other Loan
Document shall affect any right that the Administrative Agent, any Issuing Bank or any Lender may otherwise have to bring any action or proceeding relating to this Agreement or any other Loan Document against the Borrower or its properties in the
courts of any jurisdiction. 
 (c) Each of Holdings and the Borrower irrevocably and unconditionally waives any objection
which it may now or hereafter have to the laying of venue of any such suit, action or proceeding described in Section 10.5(b) and brought in any court referred to in Section 10.5(b). Each of
the parties hereto irrevocably waives, to the fullest extent permitted by applicable law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 

  
 110 

 (d) Each party to this Agreement irrevocably consents to the service of
process in the manner provided for notices in Section 10.1. Nothing in this Agreement or in any other Loan Document will affect the right of any party hereto to serve process in any other manner permitted by law. 

Section 10.6 WAIVER OF JURY TRIAL. EACH PARTY HERETO IRREVOCABLY WAIVES, TO THE FULLEST EXTENT
PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON
CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO
ENFORCE THE FOREGOING WAIVER, AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION
10.6. 
 Section 10.7 Right of Setoff. In addition to any rights now or hereafter granted under
applicable law and not by way of limitation of any such rights, each Lender and each Issuing Bank shall have the right, at any time or from time to time upon the occurrence and during the continuance of an Event of Default, without prior notice to
the Borrower, any such notice being expressly waived by the Borrower to the extent permitted by applicable law, to set off and apply against all deposits (general or special, time or demand, provisional or final) of the Borrower at any time held or
other obligations at any time owing by such Lender and such Issuing Bank to or for the credit or the account of the Borrower against any and all Obligations held by such Lender or such Issuing Bank, as the case may be, irrespective of whether such
Lender or such Issuing Bank shall have made demand hereunder and although such Obligations may be unmatured. Each Lender and the Issuing Bank agree promptly to notify the Administrative Agent and the Borrower after any such set-off and any application made by such Lender and such Issuing Bank, as the case may be; provided, that the failure to give such notice shall not affect the validity of such
set-off and application. 
 Section 10.8 Counterparts;
Integration. This Agreement may be executed by one or more of the parties to this Agreement on any number of separate counterparts (including by telecopy), and all of said counterparts taken together shall be deemed to constitute one and the
same instrument. This Agreement, the other Loan Documents, and any separate letter agreement(s) relating to any fees payable to the Administrative Agent constitute the entire agreement among the parties hereto and thereto regarding the subject
matters hereof and thereof and supersede all prior agreements and understandings, oral or written, regarding such subject matters. 

Section 10.9 Survival. All covenants, agreements, representations and warranties made by any Loan
Party herein, in the Loan Documents and in the certificates or other instruments delivered in connection with or pursuant to this Agreement shall be considered to have been relied upon by the other parties hereto and shall survive the execution and
delivery of this Agreement and the making of any Loans and issuance of any Letters of Credit, regardless of any investigation made by any such other party or on its behalf and notwithstanding that the Administrative Agent, any Issuing Bank or any
Lender may have had notice or knowledge of any Default or incorrect representation or warranty at the time any credit is extended hereunder, and shall continue in full force and effect as long as the principal of or any accrued interest on any Loan
or any fee or any other amount payable under this Agreement is outstanding and unpaid or any Letter of Credit is outstanding and so long as the Commitments have not expired or terminated. The 

  
 111 

 
provisions of Sections 2.19, 2.20, 2.21 and 10.3 and Article IX shall survive and remain in full force and effect regardless of the consummation of the
transactions contemplated hereby, the repayment of the Loans, the expiration or termination of the Letters of Credit and the Commitments or the termination of this Agreement or any provision hereof. All representations and warranties made herein, in
the Loan Documents, in the certificates, reports, notices, and other documents delivered pursuant to this Agreement shall survive the execution and delivery of this Agreement and the other Loan Documents, and the making of the Loans and the issuance
of the Letters of Credit. 
 Section 10.10 Severability. Any provision of this Agreement or any
other Loan Document held to be illegal, invalid or unenforceable in any jurisdiction, shall, as to such jurisdiction, be ineffective to the extent of such illegality, invalidity or unenforceability without affecting the legality, validity or
enforceability of the remaining provisions hereof or thereof; and the illegality, invalidity or unenforceability of a particular provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other
jurisdiction. 
 Section 10.11 Confidentiality. Each of the Administrative Agent, each Issuing Bank
and each Lender agrees to take normal and reasonable precautions to maintain the confidentiality of any information designated in writing as confidential and provided to it by Holdings or any Subsidiary, except that such information may be disclosed
(a) to any Related Party of the Administrative Agent, any such Issuing Bank or any such Lender, including without limitation accountants, legal counsel and other advisors, (b) to the extent required by applicable laws or regulations or by
any subpoena or similar legal process, (c) to the extent requested by any regulatory agency or authority, (d) to the extent that such information becomes publicly available other than as a result of a breach of this
Section 10.11, or which becomes available to the Administrative Agent, any Issuing Bank, any Lender or any Related Party of any of the foregoing on a nonconfidential basis from a source other than the Borrower, (e) in
connection with the exercise of any remedy hereunder or under any other Loan Document or any suit, action or proceeding relating to this Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder, (f) subject to
provisions substantially similar to this Section 10.11, to any actual or prospective assignee or Participant and (g) with the consent of the Borrower. Any Person required to maintain the confidentiality of any
information as provided for in this Section 10.11 shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such information as
such Person would accord its own confidential information. 
 Section 10.12 Interest Rate
Limitation. Notwithstanding anything herein to the contrary, if at any time the interest rate applicable to any Loan, together with all fees, charges and other amounts which may be treated as interest on such Loan under applicable law
(collectively, the “Charges”), shall exceed the maximum lawful rate of interest (the “Maximum Rate”) which may be contracted for, charged, taken, received or reserved by a Lender holding such Loan in
accordance with applicable law, the rate of interest payable in respect of such Loan hereunder, together with all Charges payable in respect thereof, shall be limited to the Maximum Rate and, to the extent lawful, the interest and Charges that would
have been payable in respect of such Loan but were not payable as a result of the operation of this Section 10.12 shall be cumulated and the interest and Charges payable to such Lender in respect of other Loans or periods
shall be increased (but not above the Maximum Rate therefor) until such cumulated amount, together with interest thereon at the Federal Funds Rate to the date of repayment, shall have been received by such Lender. 

Section 10.13 Patriot Act. The Administrative Agent and each Lender hereby notifies the Loan Parties
that, pursuant to the requirements of the Patriot Act, it is required to obtain, verify and record information that identifies each Loan Party, which information includes the name and address of such Loan Party and other information that will allow
such Lender or the Administrative Agent, as applicable, to identify such Loan Party in accordance with the Patriot Act. 

  
 112 

 Section 10.14 No Advisory or Fiduciary
Responsibility. In connection with all aspects of each transaction contemplated hereby (including in connection with any amendment, waiver or other modification hereof or of any other Loan Document), each of Holdings and the Borrower
acknowledges and agrees and acknowledges its Subsidiaries’ understanding that: (i) (A) the services regarding this Agreement provided by the Administrative Agent and/or the Lenders are
arm’s-length commercial transactions between the Borrower and each other Loan Party, on the one hand, and the Administrative Agent and the Lenders, on the other hand, (B) each of the Borrower
and the other Loan Parties have consulted their own legal, accounting, regulatory and tax advisors to the extent they have deemed appropriate, and (C) the Borrower and each other Loan Party is capable of evaluating and understanding, and
understands and accepts, the terms, risks and conditions of the transactions contemplated hereby and by the other Loan Documents; (ii) (A) each of the Administrative Agent and the Lenders is and has been acting solely as a principal
and, except as expressly agreed in writing by the relevant parties, has not been, is not, and will not be acting as an advisor, agent or fiduciary, for the Borrower, any other Loan Party, or any of their respective Affiliates, or any other
Person and (B) neither the Administrative Agent nor any Lender has any obligation to the Borrower, any other Loan Party or any of their Affiliates with respect to the transaction contemplated hereby except those obligations expressly set
forth herein and in the other Loan Documents; and (iii) the Administrative Agent, the Lenders and their respective Affiliates may be engaged in a broad range of transactions that involve interests that differ from those of the Borrower, the
other Loan Parties and their respective Affiliates, and each of the Administrative Agent and Lenders has no obligation to disclose any of such interests to the Borrower, any other Loan Party of any of their respective Affiliates. To the
fullest extent permitted by law, each of the Borrower and the other Loan Parties hereby waive and release any claims that it may have against the Administrative Agent and each Lender with respect to any breach or alleged breach of agency or
fiduciary duty in connection with any aspect of any transaction contemplated hereby. 
 Section 10.15
Acknowledgement and Consent to Bail-In of Affected Financial Institutions. Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or
understanding among any such parties, each party hereto acknowledges that any liability of any Affected Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the write-down and conversion
powers of the applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by: 
 (a)
the application of any Write-Down and Conversion Powers by the applicable Resolution Authority to any such liabilities arising hereunder which may be payable to it by any party hereto that is an Affected Financial Institution; and 

(b) the effects of any Bail-in Action on any such liability, including, if applicable
(i) a reduction in full or in part or cancellation of any such liability, (ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such Affected Financial Institution, its parent
undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement
or any other Loan Document or (iii) the variation of the terms of such liability in connection with the exercise of the write-down and conversion powers of the applicable Resolution Authority. 

  
 113 

 Section 10.16 Certain ERISA Matters.  

(a) Each Lender (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and
(y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent and not, for the avoidance of doubt, to or for the benefit of the
Borrower or any other Loan Party, that at least one of the following is and will be true: 
 (i) such Lender is not using
“plan assets” (within the meaning of Section 3(42) of ERISA or otherwise) of one or more Benefit Plans with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of
Credit, the Commitments or this Agreement; 
 (ii) the transaction exemption set forth in one or more PTEs, such as PTE 84-14 (a class exemption for certain transactions determined by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions
involving insurance company general accounts), PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91-38 (a
class exemption for certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions determined by in-house
asset managers), is applicable with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement; 

(iii) (A) such Lender is an investment fund managed by a “Qualified Professional Asset Manager” (within the
meaning of Part VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter into, participate in, administer and perform the Loans, the
Letters of Credit, the Commitments and this Agreement, (C) the entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement satisfies the requirements of sub-sections (b) through (g) of Part I of PTE 84-14 and (D) to the best knowledge of such Lender, the requirements of subsection (a) of Part I of PTE 84-14 are satisfied with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement; or 

(iv) such other representation, warranty and covenant as may be agreed in writing between the Administrative Agent, in its sole
discretion, and such Lender. 
 (b) In addition, unless either (1) sub-clause
(i) in the immediately preceding clause (a) is true with respect to a Lender or (2) a Lender has provided another representation, warranty and covenant in accordance with sub-clause (iv) in
the immediately preceding clause (a), such Lender further (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such
Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent and not, for the avoidance of doubt, to or for the benefit of the Borrower or any other Loan Party, that the Administrative Agent is not a fiduciary with respect
to the assets of such Lender involved in such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement (including in connection with the reservation or
exercise of any rights by the Administrative Agent under this Agreement, any Loan Document or any documents related hereto or thereto). 

  
 114 

 Section 10.17 Acknowledgement Regarding Any Support QFCs. 

To the extent that the Loan Documents provide support, through a guarantee or otherwise, for Hedging Obligations or any other agreement or
instrument that is a QFC (such support, “QFC Credit Support” and each such QFC a “Supported QFC”), the parties acknowledge and agree as follows with respect to the resolution power of the Federal
Deposit Insurance Corporation under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (together with the regulations promulgated thereunder, the “U.S. Special Resolution
Regimes”) in respect of such Supported QFC and QFC Credit Support (with the provisions below applicable notwithstanding that the Loan Documents and any Supported QFC may in fact be stated to be governed by the laws of the State of New
York and/or of the United States or any other state of the United States) 
 (a) In the event a Covered Entity that is party
to a Supported QFC (each, a “Covered Party”) becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support (and any interest and
obligation in or under such Supported QFC and such QFC Credit Support, and any rights in property securing such Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent as the transfer would be effective
under the U.S. Special Resolution Regime if the Supported QFC and such QFC Credit Support (and any such interest, obligation and rights in property) were governed by the laws of the United States or a state of the United States. In the event a
Covered Party or a BHC Act Affiliate of a Covered Party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under the Loan Documents that might otherwise apply to such Supported QFC or any QFC Credit Support that
may be exercised against such Covered Party are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if the Supported QFC and the Loan Documents were governed by the laws
of the United States or a state of the United States. Without limitation of the foregoing, it is understood and agreed that rights and remedies of the parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered
Party with respect to a Supported QFC or any QFC Credit Support. 
 (b) As used in this Section 10.18, the following
terms have the following meanings: 
 “BHC Act Affiliate” of a party means an “affiliate” (as such term is
defined under, and interpreted in accordance with, 12 U.S.C. 1841(k)) of such party. 
 “Covered
Entity” shall mean any of the following: 
 (i) a “covered entity” as that term is defined in, and
interpreted in accordance with, 12 C.F.R. §252.82(b); 
 (ii) a “covered bank” as that term is defined in,
and interpreted in accordance with, 12 C.F.R. §47.3(b); or 
 (iii) a “covered FSI” as that term is defined
in, and interpreted in accordance with, 12 C.F.R. §382.2(b). 
 “Default Right” has the meaning assigned to
that term in, and shall be interpreted in accordance with, 12 C.F.R. §§252.81, 47.2 or 382.1, as applicable. 

“QFC” has the meaning assigned to the term “qualified financial contract” in, and shall be interpreted in
accordance with, 12 U.S.C. 5390(c)(8)(D). 
 (remainder of page left intentionally blank) 

 

  
 115 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed
under seal in the case of the Borrower and Holdings by their respective authorized officers as of the day and year first above written. 
  

			
	AARON’S, LLC
		
	By	 	 /s/ C. Kelly Wall

		 	Name: C. Kelly Wall
		 	Title: Authorized Officer
	
	[SEAL]

 AARON’S, LLC 

CREDIT AGREEMENT 

 
			
	AARON’S SPINCO, INC.
		
	By	 	 /s/ C. Kelly Wall

		 	Name: C. Kelly Wall
		 	Title: Authorized Officer
	
	[SEAL]

 AARON’S, LLC 

CREDIT AGREEMENT 

 
			
	 TRUIST BANK,
 as
Administrative Agent, as an Issuing Bank, as

	Swingline Lender and as a Lender
		
	By	 	 /s/ Tesha Winslow

	Name: Tesha Winslow
	Title: Director

 AARON’S, LLC 

CREDIT AGREEMENT 

 
			
	BANK OF AMERICA, N.A.,
	as a Lender and an Issuing Bank
		
	By	 	 /s/ Ryan Maples

	Name: Ryan Maples
	Title: Sr. Vice President

 AARON’S, LLC 

CREDIT AGREEMENT 

 
			
	JPMORGAN CHASE BANK, N.A.,
	as a Lender and an Issuing Bank
		
	By	 	 /s/ Alexander Vardaman

	Name: Alexander Vardaman
	Title: Authorized Officer

 AARON’S, LLC 

CREDIT AGREEMENT 

 
			
	BBVA USA,
	as a Lender
		
	By	 	 /s/ Heather Allen

	Name: Heather Allen
	Title: Senior Vice President

 AARON’S, LLC 

CREDIT AGREEMENT 

 
			
	 CITIZENS BANK, N.A.,

 as
a Lender

		
	By	 	 /s/ Douglas M Kennedy

	Name: Douglas M Kennedy
	Title: SVP

 AARON’S, LLC 

CREDIT AGREEMENT 

 
			
	 FIFTH THIRD BANK, NATIONAL ASSOCIATION,

as a Lender

		
	By	 	 /s/ Mary Ramsey

	Name: Mary Ramsey
	Title: Senior Vice President

 AARON’S, LLC 

CREDIT AGREEMENT 

 
			
	REGIONS BANK.,
	as a Lender
		
	By	 	 /s/ Cheryl L. Shelhart

	Name: Cheryl L. Shelhart
	Title: Director

 AARON’S, LLC 

CREDIT AGREEMENT 

 
			
	 SYNOVUS BANK.,
 as a
Lender

		
	By	 	 /s/ Chandra Cockrell

	Name: Chandra Cockrell
	Title: Corporate Banker

 AARON’S, LLC 

CREDIT AGREEMENT 

 
			
	FIRST HORIZON BANK.,
	as a Lender
		
	By	 	 /s/ Terence J Dolch

	Name: Terence J Dolch
	Title: Senior Vice President

 AARON’S, LLC 

CREDIT AGREEMENT 

 SCHEDULE 1.1(a) 

APPLICABLE MARGIN AND APPLICABLE PERCENTAGE 
  

									
	 Pricing

Level
	  	 Total Net Debt to

EBITDA Ratio
	  	 Applicable Margin

for Eurodollar Loans
	  	
Applicable Margin
for Base Rate Loans
	  	
Applicable
Percentage for
Commitment Fee

	I	  	Less than 0.75:1.00	  	1.50% per annum	  	0.50% per annum	  	0.20% per annum
					
	II	  	 Less than 1.25:1.00 but

greater than or equal to

0.75:1.00
	  	1.75% per annum	  	0.75% per annum	  	0.25% per annum
					
	III	  	 Less than 1.75:1.00 but

greater than or equal to

1.25:1.00
	  	2.00% per annum	  	1.00% per annum	  	0.30% per annum
					
	IV	  	 Less than 2.25:1.00 but

greater than or equal to

1.75:1.00
	  	2.25% per annum	  	1.25% per annum	  	0.35% per annum
					
	V	  	 Greater than or equal to

2.25:1.00
	  	2.50% per annum	  	1.50% per annum	  	0.35% per annum

 Schedule 1.1(a) 

 EXHIBIT A 

FORM OF ASSIGNMENT AND ACCEPTANCE AGREEMENT 

[Date to be supplied] 
 Reference
is made to the Credit Agreement dated as of November 9, 2020 (as amended and in effect on the date hereof, the “Credit Agreement”), among Aaron’s, LLC, a Georgia limited liability company (the “Borrower”),
Aaron’s Spinco, Inc., a Georgia corporation (“Holdings”), the lenders from time to time party thereto (the “Lenders”) and Truist Bank, as Administrative Agent for the Lenders, an Issuing Bank and Swingline
Lender. Terms defined in the Credit Agreement are used herein with the same meanings. 
 The [name of assignor] (the
“Assignor”) hereby sells and assigns, without recourse, to [name of assignee] (the “Assignee”), and the Assignee hereby purchases and assumes, without recourse, from the Assignor, effective as of the
Assignment Date set forth below, the interests set forth below (the “Assigned Interest”) in the Assignor’s rights and obligations under the Credit Agreement, including, without limitation, the interests set forth below in the
Commitments of the Assignor on the Assignment Date and Loans owing to the Assignor which are outstanding on the Assignment Date, together with, in the case of any assignment of Revolving Commitments, the participations in the LC Exposure and the
Swingline Exposure of the Assignor on the Assignment Date, but excluding accrued interest and fees to and excluding the Assignment Date. The Assignee hereby acknowledges receipt of a copy of the Credit Agreement. 

From and after the Assignment Date: 

(i) the Assignee shall be a party to and be bound by the provisions of the Credit Agreement and, to the extent of the Assigned
Interest, have the rights and obligations of a Lender thereunder; and 
 (ii) the Assignor shall, to the extent of the
Assigned Interest, relinquish its rights and be released from its obligations under the Credit Agreement. 
 This Assignment and Acceptance
is being delivered to the Administrative Agent together with (i) if the Assignee is a Foreign Lender, any documentation required to be delivered by the Assignee pursuant to Section 2.21(e) of the Credit Agreement, duly completed and
executed by the Assignee, and (ii) if the Assignee is not already a Lender under the Credit Agreement, an Administrative Questionnaire in the form supplied by the Administrative Agent, duly completed by the Assignee. The Assignee shall pay the
fee payable to the Administrative Agent pursuant to Section 10.4(b)(iv) of the Credit Agreement. 
 The Assignor (a) represents
and warrants that (i) it is the legal and beneficial owner of the Assigned Interest, (ii) the Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken
all action necessary, to execute and deliver this Assignment and Acceptance and to consummate the transactions contemplated hereby, and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in
or in connection with the Credit Agreement or any other Loan Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial
condition of the Borrower, Holdings, any of their respective Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document or (iv) the performance or observance by the Borrower, Holdings, any of their respective
Subsidiaries or Affiliates or any other Person of any of their respective obligations under any Loan Document. 

 The Assignee (a) represents and warrants that (i) it has full power and authority,
and has taken all action necessary, to execute and deliver this Assignment and Acceptance and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it meets all requirements under
Section 10.4(b)(iii), (v) and (vi) of the Credit Agreement for eligibility as an assignee (subject to receipt of such consents as may be required under the Credit Agreement), (iii) from and after the Effective Date (defined below), it
shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of the Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it has received a copy of the Credit Agreement, together with
copies of the most recent financial statements delivered pursuant to Section 5.1 thereof, as applicable, and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this
Assignment and Acceptance and to purchase the Assigned Interest on the basis of which it has made such analysis and decision independently and without reliance on the Administrative Agent or any other Lender, and (v) if it is a Foreign Lender,
attached to the Assignment and Acceptance is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by the Assignee; and (b) agrees that (i) it will, independently and
without reliance on the Administrative Agent, the Assignor or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the
Loan Documents, and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as a Lender. 

From and after the Effective Date, the Administrative Agent shall make all payments in respect of the Assigned Interest (including payments of
principal, interest, fees and other amounts) to the Assignor for amounts which have accrued to but excluding the Effective Date and to the Assignee for amounts which have accrued from and after the Effective Date, unless otherwise agreed in writing
by the Administrative Agent. 
 This Assignment and Acceptance shall be binding upon, and inure to the benefit of, the parties hereto and
their respective successors and assigns. This Assignment and Acceptance may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an executed counterpart of a signature page of this Assignment and
Acceptance by telecopy shall be effective as delivery of a manually executed counterpart of this Assignment and Acceptance. This Assignment and Acceptance shall be governed by and construed in accordance with the laws of the State of New York. 

 

	
	 Assignment
Date:                                        
                                     

	
	 Legal Name of Assignor:
                                         
                       

	
	 Legal Name of Assignee:
                                         
                       

	
	 Assignee’s Address for Notices:

	
	
                      
                                         
                                         
  

	
	
                      
                                         
                                         
  

	
	
                      
                                         
                                         
  

  

 Effective Date of 

Assignment: (“Effective  

Date”): 
  

																																	
	 Assignor[s]
	  	Assignee[s]	 	  	Aggregate
Amount of
Revolving
Commitments
for all Lenders	 	  	Amount of
Revolving
Commitments
Assigned	 	  	Percentage
Assigned of
Revolving
Commitments	 	 	Aggregate
Amount of
Term Loan
[Commitments]
for all Lenders	 	  	Amount of
Term Loan
[Commitments]
Assigned	 	  	Percentage
Assigned of
Term Loan
[Commitments]	 	 	CUSIP
Number	 
		  				  	$	____________	 	  	$	_________	 	  	 	_____	% 	 	$	____________	 	  	$	_________	 	  	 	_____	% 	 			
		  				  	$	____________	 	  	$	_________	 	  	 	_____	% 	 	$	____________	 	  	$	_________	 	  	 	_____	% 	 			
		  				  	$	____________	 	  	$	_________	 	  	 	_____	% 	 	$	____________	 	  	$	_________	 	  	 	_____	% 	 			

 The terms set forth above are hereby agreed to: 

 

			
	[Name of Assignor], as Assignor
		
	By	 	
                     

	Name:
	Title:
	
	[Name of Assignor], as Assignor
		
	By	 	  

	Name:
	Title:

 The undersigned hereby consents to the within assignment: 

 

			
	[Aaron’s, LLC
		
	By	 	
                     

	Name:
	Title:
	
	 Truist Bank,
 as Administrative
Agent

		
	By	 	  

	Name:
	Title:
	
	 Truist Bank,
 as an Issuing
Bank

		
	By	 	  

	Name:
	Title:
	
	 JPMorgan Chase Bank, N.A.,
 as an
Issuing Bank

		
	By	 	  

	Name:
	Title:
	
	 Bank of America, N.A.,
 as an
Issuing Bank

		
	By	 	  

	Name:
	Title:

			
	
	 Truist Bank,
 as Swingline
Lender

		
	By	 	
                     

	Name:
	Title:]1

  

	1 	 Consents to be included to the extent required by Section 10.4(b) of the Credit Agreement.

 EXHIBIT B 

FORM OF GUARANTEE AGREEMENT 

THIS GUARANTEE AGREEMENT (this “Agreement”), dated as of November 9, 2020, is by and among AARON’S, LLC, a
Georgia limited liability company (the “Borrower”), AARON’S SPINCO, INC., a Georgia corporation (“Holdings”), each of the Subsidiaries of the Borrower identified on the signature pages hereto (together with
Holdings, each, individually, a “Guarantor” and collectively, the “Guarantors”) and TRUIST BANK, a North Carolina banking corporation, as administrative agent (the “Administrative Agent”) for the
several banks and other financial institutions (the “Lenders”) from time to time party to the Credit Agreement, dated as of the date hereof, by and among the Borrower, Holdings, the Lenders, the Issuing Banks, and Truist Bank, as
Administrative Agent and as Swingline Lender (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”; capitalized terms used herein and not otherwise defined herein
shall have the meanings assigned to such terms in the Credit Agreement). 
 W I T N E S S E T H: 

WHEREAS, pursuant to the Credit Agreement, the Lenders have agreed to establish a revolving credit facility in favor of the Borrower;

 WHEREAS, (a) Holdings is the direct parent of the Borrower and (b) each of the other Guarantors is a direct or indirect
Subsidiary of the Borrower and, in each of the cases of clause (a) and (b) above, will derive substantial benefit from the making of Loans by the Lenders and the issuance of Letters of Credit by the Issuing Banks; and 

WHEREAS, it is a condition precedent to the obligations of the Administrative Agent, each Issuing Bank the Swingline Lender and the
Lenders under the Credit Agreement that each Guarantor execute and deliver to the Administrative Agent a Guarantee Agreement in the form hereof, and each Guarantor wishes to fulfill said condition precedent; 

NOW, THEREFORE, in order to induce Lenders to extend the Loans and each Issuing Bank to issue Letters of Credit and to make the
financial accommodations as provided for in the Credit Agreement and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

Section 1. Guarantee. 

Each Guarantor unconditionally guarantees, jointly with the other Guarantors and severally, as a primary obligor and not merely as a surety,
(a) the due and punctual payment of all Obligations, including without limitation, (i) the principal of and premium, if any, and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other
similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (ii) each payment required to be
made by the Borrower under the Credit Agreement in respect of any Letter of Credit, when and as due, including payments in respect of reimbursement or disbursements, interest thereon and obligations to provide cash collateral, and (iii) all
other monetary obligations, including fees, costs, expenses and indemnities, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership
or other similar proceeding, regardless of whether allowed or allowable in such proceeding), of the Loan Parties to the 

 
Administrative Agent, the Issuing Banks and the Lenders under the Credit Agreement and the other Loan Documents, (b) the due and punctual performance of all covenants, agreements,
obligations and liabilities of the Loan Parties under or pursuant to the Credit Agreement and the other Loan Documents, (c) the due and punctual payment and performance of all Hedging Obligations between any Loan Party and any Lender or
Affiliate of any Lender, and (d) all Treasury Management Obligations between any Loan Party and any Lender or Affiliate of any Lender, together with all renewals, extensions, modifications or refinancings of any of the foregoing (all the
monetary and other obligations referred to in the preceding Sections 1(a) through 1(d) being collectively called the “Guaranteed Obligations”), provided that Guaranteed Obligations shall exclude any Excluded Swap
Obligations. Each Guarantor further agrees that the Guaranteed Obligations may be extended or renewed, in whole or in part, without notice to or further assent from such Guarantor, and that such Guarantor will remain bound upon its guarantee
notwithstanding any extension or renewal of any Guaranteed Obligations. 
 Section 2. Obligations Not Waived. 

To the fullest extent permitted by applicable law, each Guarantor waives presentment or protest to, demand of or payment from the other Loan
Parties of any of the Guaranteed Obligations, and also waives notice of acceptance of its guarantee and notice of protest for nonpayment. To the fullest extent permitted by applicable law, the obligations of each Guarantor hereunder shall not be
affected by (a) the failure of the Administrative Agent, any Issuing Bank or any Lender to assert any claim or demand or to enforce or exercise any right or remedy against the Borrower or any other Guarantor under the provisions of the Credit
Agreement, any other Loan Document, any agreement relating to Hedging Obligations or Treasury Management Obligations or otherwise, (b) any rescission, waiver, amendment or modification of, or any release from any of the terms or provisions of,
this Agreement, any other Loan Document, any agreement relating to Hedging Obligations or Treasury Management Obligations, any guarantee or any other agreement, including with respect to any other Guarantor under this Agreement or (c) the
failure to perfect any security interest in, or the release of, any of the security held by or on behalf of the Administrative Agent, any Issuing Bank or any Lender. 

Section 3. Guarantee of Payment. 

Each Guarantor further agrees that its guarantee hereunder constitutes a guarantee of payment when due and not of collection, and waives any
right to require that any resort be had by the Administrative Agent, any Issuing Bank or any Lender to any of the security held for payment of the Guaranteed Obligations or to any balance of any deposit account or credit on the books of the
Administrative Agent, any Issuing Bank or any Lender in favor of the Borrower or any other Person. 
 Section 4. No Discharge or
Diminishment of Guarantee. 
 The obligations of each Guarantor hereunder shall not be subject to any reduction, limitation,
impairment or termination for any reason (other than the indefeasible satisfaction in full of the Guaranteed Obligations and the termination of all of the Commitments under the Credit Agreement or the termination of its guarantee hereunder to the
extent provided in Section 12 below), including any claim of waiver, release, surrender, alteration or compromise of any of the Guaranteed Obligations, and shall not be subject to any defense or setoff, counterclaim,
recoupment or termination whatsoever by reason of the invalidity, illegality or unenforceability of the Guaranteed 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 the failure of the Administrative Agent, any Issuing Bank or any Lender to assert any claim or demand or to enforce any remedy under the Credit Agreement, any other Loan Document, any agreement
relating to Hedging Obligations or Treasury Management Obligations or any other agreement, by any waiver or modification of any provision of any thereof, by any default, 

 
failure or delay, willful or otherwise, in the performance of the Guaranteed Obligations, or by any other act or omission that may or might in any manner or to the extent vary the risk of any
Guarantor or that would otherwise operate as a discharge of each Guarantor as a matter of law or equity (other than the indefeasible satisfaction in full of the Guaranteed Obligations and the termination of all of the Commitments under the Credit
Agreement or the termination of its guarantee hereunder to the extent provided in Section 12 below). 

Section 5. Defenses of Borrower Waived. 

To the fullest extent permitted by applicable law, each Guarantor waives any defense based on or arising out of any defense of any Loan Party
or the unenforceability of the Guaranteed Obligations or any part thereof from any cause, or the cessation from any cause of the liability of any Loan Party, other than the final and indefeasible satisfaction in full of the Guaranteed Obligations
and the termination of all of the Commitments under the Credit Agreement or the termination of its guarantee hereunder to the extent provided in Section 12 below. The Administrative Agent, the Issuing Banks and the Lenders
may, at their election, foreclose on any security held by one or more of them by one or more judicial or nonjudicial sales, accept an assignment of any such security in lieu of foreclosure, compromise or adjust any part of the Guaranteed
Obligations, make any other accommodation with any other Loan Party or any other guarantor, without affecting or impairing in any way the liability of any Guarantor hereunder except to the extent the Guaranteed Obligations have been fully, finally
and indefeasibly satisfied in full and all of the Commitments under the Credit Agreement have been terminated or the termination of its guarantee hereunder to the extent provided in Section 12 below. Pursuant to 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 Guarantor or guarantor, as the case may be, or any security. 
 Section 6. Agreement to Pay;
Subordination. 
 In furtherance of the foregoing and not in limitation of any other right that the Administrative Agent, any Issuing
Bank or any Lender has at law or in equity against any Guarantor by virtue hereof, upon the failure of the Borrower or any other Loan Party to pay any Guaranteed Obligation when and as the same shall become due, whether at maturity, by acceleration,
after notice of prepayment or otherwise, each Guarantor hereby promises to and will forthwith pay, or cause to be paid, to the Administrative Agent for the benefit of the Lenders in cash the amount of such unpaid Guaranteed Obligation. Upon payment
by any Guarantor of any sums to the Administrative Agent, all rights of such Guarantor against any Loan Party arising as a result thereof by way of right of subrogation, contribution, reimbursement, indemnity or otherwise shall in all respects be
subordinate and junior in right of payment to the prior indefeasible payment in full in cash of all the Obligations. If any amount shall erroneously be paid to any Guarantor on account of such subrogation, contribution, reimbursement, indemnity or
similar right, such amount shall be held in trust for the benefit of the Administrative Agent, the Issuing Banks and the Lenders and shall forthwith be paid to the Administrative Agent to be credited against the payment of the Guaranteed
Obligations, whether matured or unmatured, in accordance with the terms of the Loan Documents. 
 Section 7. Information.

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

 Section 8. 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 6), the Borrower agrees that in the event a payment in respect of any Guaranteed Obligations 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. 

Section 9. Contribution and Subrogation. 

Each Guarantor (a “Contributing Guarantor”) agrees (subject to Section 6) that, in the event a
payment shall be made by any other Guarantor under this Agreement in respect of any Guaranteed Obligations and such other Guarantor (the “Claiming Guarantor”) shall not have been fully indemnified by the Borrower as provided in
Section 8, the Contributing Guarantor shall indemnify the Claiming Guarantor in an amount equal to the amount of such payment 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 21, 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 9 shall be subrogated to the rights of such Claiming Guarantor
under Section 8 to the extent of such payment; provided that no Contributing Guarantor shall be obligated to indemnify any Claiming Guarantor hereunder to the extent such Guaranteed Obligations constitute Excluded
Swap Obligations of such Contributing Guarantor 
 Section 10. Subordination. 

Notwithstanding any provision of this Agreement to the contrary, all rights of the Guarantors under Section 8 and
Section 9 and all other rights of indemnity, contribution or subrogation under applicable law or otherwise shall be fully subordinated to the indefeasible payment in full in cash of the Guaranteed Obligations. No failure on
the part of the Borrower or any Guarantor to make the 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 the obligations of such Guarantor hereunder. 
 Section 11. Representations and
Warranties. 
 Holdings represents and warrants as to itself that all representations and warranties relating to it contained in the
Credit Agreement are true and correct. Each other Guarantor represents and warrants as to itself that all representations and warranties relating to it (as a Restricted Subsidiary of the Borrower) contained in the Credit Agreement are true and
correct. 
 Section 12. Termination. 

The guarantees made hereunder (a) shall terminate when all the Guaranteed Obligations (other than Guaranteed Obligations consisting of
(i) unliquidated Hedging Obligations owed by any Loan Party to any Lender or Affiliate of any Lender that are not then due and payable at the time of such termination or as a result thereof, and (ii) ongoing Treasury Management Obligations
between any Loan Party and any Lender or Affiliate of any Lender that are not then due and payable at the time of such termination or 

 
as a result thereof) have been satisfied in full and all of the Commitments under the Credit Agreement have been terminated and (b) shall continue to be effective or be reinstated, as the
case may be, if at any time payment, or any part thereof, of any such Guaranteed Obligation is rescinded or must otherwise be restored by any Lender or any Issuing Bank or any Guarantor upon the bankruptcy or reorganization of the Borrower, any
Guarantor or otherwise. In connection with the foregoing, the Administrative Agent shall execute and deliver to such Guarantor or such Guarantor’s designee, at such Guarantor’s expense, any documents or instruments, in form reasonably
satisfactory to the Administrative Agent, which such Guarantor shall reasonably request from time to time to evidence such termination and release. 

Section 13. Binding Effect; Several Agreement; Assignments. 

Whenever in this Agreement any of the parties hereto is referred to, such reference shall be deemed to include the successors and assigns of
such party; and all covenants, promises and agreements by or on behalf of the Loan Parties that are contained in this Agreement shall bind and inure to the benefit of each party hereto and their respective successors and assigns. This Agreement
shall become effective as to any Loan Party when a counterpart hereof executed on behalf of such Loan Party shall have been delivered to the Administrative Agent, and a counterpart hereof shall have been executed on behalf of the Administrative
Agent, and thereafter shall be binding upon such Loan Party and the Administrative Agent and their respective successors and assigns, and shall inure to the benefit of such Loan Party, the Administrative Agent, the Issuing Banks and the Lenders, and
their respective successors and assigns, except that no Loan Party shall have the right to assign its rights or obligations hereunder or any interest herein (and any such attempted assignment shall be void). If (a) all of the Capital Stock of a
Guarantor (other than Holdings) is sold, transferred or otherwise disposed of pursuant to a transaction permitted by the Credit Agreement or (b) a Guarantor (other than Holdings) ceases to be a Restricted Subsidiary as a result of a transaction
permitted by the Credit Agreement, then such Guarantor shall be released from its obligations under this Agreement without further action. This Agreement shall be construed as a separate agreement with respect to each Loan Party and may be amended,
modified, supplemented, waived or released with respect to any Loan Party without the approval of any other Loan Party party hereto and without affecting the obligations of any other Guarantor hereunder. 

Section 14. Waivers; Amendment. 

No failure or delay of the Administrative Agent of any kind in exercising any power, right or remedy hereunder and no course of dealing between
any Guuarantor on the one hand and the Administrative Agent or any holder of any Guaranteed Obligation on the other hand shall operate as a waiver thereof, nor shall any single or partial exercise of any such power, right or remedy hereunder, under
any other Loan Document, under any agreement relating to Hedging Obligations or Treasury Management Obligations or any abandonment or discontinuance of steps to enforce such a power, right or remedy, preclude any other or further exercise thereof or
the exercise of any other power, right or remedy. The rights and remedies of the Administrative Agent hereunder and of the Lenders and the Issuing Banks under the other Loan Documents and under any agreement relating to Hedging Obligations or
Treasury Management Obligations are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of this Agreement or consent to any departure by any Guarantor therefrom shall in any event be
effective unless the same shall be permitted by Section 14(b), and then such waiver and consent shall be effective only in the specific instance and for the purpose for which given. No notice or demand on any Guarantor in
any case shall entitle such Guarantor to any other or further notice in similar or other circumstances. 
 Neither this Agreement nor any
provision hereof may be waived, amended or modified except pursuant to a written agreement entered into between each affected Loan Party party hereto with respect to which such waiver, amendment or modification relates and the Administrative Agent,
with the prior written consent of the Required Lenders (except as otherwise provided in the Credit Agreement). 

 Section 15. Notices. 

All communications and notices hereunder shall be in writing and given as provided in Section 10.1 of the Credit
Agreement. 
 Section 16. Severability. 

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

Section 17. Counterparts; Integration. 

This Agreement may be executed in counterparts, each of which shall constitute an original, but all of which when taken together shall
constitute a single contract (subject to Section 13), and shall become effective as provided in Section 13. Delivery of an executed signature page to this Agreement by facsimile transmission or
form of electronic attachment (e.g., “.pdf” or “.tif”) shall be as effective as delivery of a manually executed counterpart of this Agreement. This Agreement constitutes the entire agreement among the parties hereto regarding the
subject matters hereof and supersedes all prior agreements and understandings, oral or written, regarding such subject matter. 

Section 18. Rules of Interpretation. 

The rules of interpretation specified in Section 1.4 of the Credit Agreement shall be applicable to this Agreement.
As used herein, the term “Lender” includes any (a) Affiliate of a Lender that is owed Hedging Obligations or Treasury Management Obligations by any Loan Party and (b) the Issuing Banks. 

Section 19. Governing Law; Jurisdiction; Consent to Service of Process. 

This Agreement shall be construed in accordance with and be governed by the law (without giving effect to the conflict of law principles
thereof) of the State of New York. 
 Each Loan Party party hereto hereby irrevocably and unconditionally submits, for itself and its
property, to the exclusive jurisdiction of the United States District Court for the Southern District of New York, and of the Supreme Court of the State of New York sitting in New York County, Borough of Manhattan and any appellate court from
any thereof, in any action or proceeding arising out of or relating to this Agreement or any other Loan Document or the transactions contemplated hereby or thereby, or for recognition or enforcement of any judgment, and each of the parties hereto
hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such New York state court or, to the extent permitted by applicable law, such Federal court. Each Loan Party
party 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, any Issuing Bank or any Lender may otherwise have to bring any action or proceeding relating to this Agreement or any other Loan Document against any Loan Party party hereto or its properties in the courts of any
jurisdiction. 

 Each Loan Party party hereto 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 such suit, action or proceeding described in Section 19(b) and brought in any court referred to in
Section 19(b). Each party hereto irrevocably waives, to the fullest extent permitted by applicable law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 

Each Loan Party party hereto irrevocably consents to the service of process in the manner provided for notices in Section 10.1 of the
Credit Agreement. 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 20. Waiver of Jury Trial. 

EACH PARTY HERETO IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL
PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (i) 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 (ii) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES
HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 20. 

Section 21. Additional Guarantors. 

Pursuant to Section 5.10 of the Credit Agreement, each Restricted Subsidiary that is a Material Domestic Subsidiary that was not in
existence on the date of the Credit Agreement is required to enter into this Agreement as a Guarantor upon becoming a Material Domestic Subsidiary. Upon execution and delivery after the date hereof by the Administrative Agent and such Restricted
Subsidiary of an instrument in the form of Annex 1, such Restricted Subsidiary shall become a Guarantor hereunder with the same force and effect as if originally named as a Guarantor herein. The execution and delivery of any instrument adding
an additional Guarantor as a party to this Agreement shall not require the consent of any other Guarantor hereunder. The rights and obligations of each Guarantor hereunder shall remain in full force and effect notwithstanding the addition of any new
Guarantor as a party to this Agreement. 
 Section 22. Right of Setoff. 

If an Event of Default shall have occurred and be continuing, each Lender and each Issuing Bank are hereby authorized at any time and from time
to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other Indebtedness at any time owing by such Lender or such Issuing Bank to or
for the credit or the account of any Guarantor against any or all the obligations of such Guarantor now or hereafter existing under this Agreement and the other Loan Documents or under any agreement relating to Hedging Obligations or Treasury
Management Obligations held by such Lender or such Issuing Bank, irrespective of whether or not such Person shall have made any demand under this Agreement or any other Loan Document and although such obligations may be unmatured. The rights of each
Lender and each Issuing Bank under this Section 22 are in addition to other rights and remedies (including other rights of setoff) that such Lender or such Issuing Bank, as the case may be, may have. 

 Section 23. Savings Clause. 

It is the intent of each Loan Party party hereto and the Administrative Agent that each such Loan Party’s maximum obligations hereunder
shall be, but not in excess of: 
 in a case or proceeding commenced by or against any Loan Party under the provisions of
Title 11 of the United States Code, 11 U.S.C. §§101 et seq. (the “Bankruptcy Code”) on or within two years from the date on which any of the Guaranteed Obligations are incurred, the maximum amount which would not
otherwise cause the Guaranteed Obligations (or any other obligations of any Loan Party owed to the Administrative Agent, the Issuing Banks or the Lenders) to be avoidable or unenforceable against such Loan Party under (i) Section 548 of
the Bankruptcy Code or (ii) any state fraudulent transfer or fraudulent conveyance act or statute applied in such case or proceeding by virtue of Section 544 of the Bankruptcy Code; or 

in a case or proceeding commenced by or against any Loan Party under the Bankruptcy Code subsequent to two years from the date
on which any of the Guaranteed Obligations are incurred, the maximum amount which would not otherwise cause the Guaranteed Obligations (or any other obligations of any Loan Party to the Administrative Agent, the Issuing Banks or the Lenders) to be
avoidable or unenforceable against such Loan Party under any state fraudulent transfer or fraudulent conveyance act or statute applied in any such case or proceeding by virtue of Section 544 of the Bankruptcy Code; or 

in a case or proceeding commenced by or against any Loan Party under any law, statute or regulation other than the Bankruptcy
Code (including, without limitation, any other bankruptcy, reorganization, arrangement, moratorium, readjustment of debt, dissolution, liquidation or similar debtor relief laws), the maximum amount which would not otherwise cause the Guaranteed
Obligations (or any other obligations of any Loan Party to the Administrative Agent, the Issuing Banks or the Lenders) to be avoidable or unenforceable against such Loan Party under such law, statute or regulation including, without limitation, any
state fraudulent transfer or fraudulent conveyance act or statute applied in any such case or proceeding. 
 The substantive laws under
which the possible avoidance or unenforceability of the Guaranteed Obligations (or any other obligations of any Loan Party to the Administrative Agent, the Issuing Banks or the Lenders) as may be determined in any case or proceeding shall
hereinafter be referred to as the “Avoidance Provisions”. To the extent set forth in Section 23(a)(i), (ii), and (iii), but only to the extent that the Guaranteed Obligations would otherwise
be subject to avoidance or found unenforceable under the Avoidance Provisions, if any Loan Party is not deemed to have received valuable consideration, fair value or reasonably equivalent value for the Guaranteed Obligations, or if the Guaranteed
Obligations would render such Loan Party insolvent, or leave such Loan Party with an unreasonably small capital to conduct its business, or cause such Loan Party to have incurred debts (or to have intended to have incurred debts) beyond its ability
to pay such debts as they mature, in each case as of the time any of the Guaranteed Obligations are deemed to have been incurred under the Avoidance Provisions and after giving effect to the contribution by such Loan Party, the maximum Guaranteed
Obligations for which such Loan Party shall be liable hereunder shall be reduced to that amount which, after giving effect thereto, would not cause the Guaranteed Obligations (or any other obligations of such Guarantor to the Administrative Agent,
the Issuing Banks or the Lenders), as so reduced, to be subject to avoidance or unenforceability under the Avoidance Provisions. 
 This
Section 23 is intended solely to preserve the rights of the Administrative Agent, the Issuing Banks and the Lenders hereunder to the maximum extent that would not cause the Guaranteed Obligations of any Loan Party to be
subject to avoidance or unenforceability under the Avoidance Provisions, and neither any Loan Party nor any other Person shall have any right or claim under this Section 23 as against the Administrative Agent, the Issuing
Banks or Lenders that would not otherwise be available to such Person under the Avoidance Provisions. 

 Section 24. Keepwell. Each Qualified ECP
Guarantor hereby jointly and severally absolutely, unconditionally and irrevocably undertakes to provide such funds or other support as may be needed from time to time by each Specified Loan Party to honor all of such Specified Loan Party’s
obligations under this Agreement and the other Loan Documents and under any agreement relating to Hedging Obligations or Treasury Management Obligations in respect of Swap Obligations (provided, however, that each Qualified ECP Guarantor shall only
be liable under this Section 24 for the maximum amount of such liability that can be hereby incurred without rendering its obligations under this Section 24 or otherwise under this Agreement
voidable under applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations of each Qualified ECP Guarantor under this Section 24 shall remain in full force and
effect until the Obligations have been indefeasibly satisfied and performed in full and all of the Commitments under the Credit Agreement have been terminated. Each Qualified ECP Guarantor intends that this Section 24
constitute, and this Section 24 shall be deemed to constitute, a “keepwell, support, or other agreement” for the benefit of each Specified Loan Party for all purposes of Section la(18)(A)(v)(II) of the Commodity
Exchange Act. For purposes of this Section 24, “Qualified ECP Guarantor” means in respect of any Swap Obligation, each Loan Party that has total assets exceeding $10,000,000 at the time the relevant Guarantee or
grant of the relevant security interest becomes effective with respect to such Swap Obligation or such other Loan Party as constitutes an “eligible contract participant” under the Commodity Exchange Act or any regulations promulgated
thereunder and can cause another Person to qualify as an “eligible contract participant” at such time by entering into a keepwell under Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. 

(signatures follow) 

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

			
	 AARON’S, LLC,
 as the
Borrower

		
	By:	 	
                 

	Name:
	Title:
	
	 AARON’S SPINCO, INC.,
 as
Holdings

		
	By:	 	  

	Name:
	Title:
	
	 AARON INVESTMENT COMPANY, LLC
 as a
Guarantor

		
	By:	 	  

	Name:
	Title:
	
	AARON’S BUSINESS REAL ESTATE HOLDINGS, LLC, as a Guarantor
		
	By:	 	  

	Name:
	Title:
	
	 AARON’S LOGISTICS, LLC,
 as a
Guarantor

		
	By:	 	  

	Name:
	Title:
	
	 AARON’S US HOLDCO, INC.,
 as a
Guarantor

		
	By:	 	  

	Name:
	Title:

 
			
	 ENVIZZO, LLC,
 as a
Guarantor

		
	By:	 	
                 

	Name:
	Title:
	
	 WOODHAVEN FURNITURE INDUSTRIES, LLC,

as a Guarantor

		
	By:	 	      

	Name:
	Title:

 EXHIBIT C 

FORM OF BORROWER GUARANTEE AGREEMENT 

THIS BORROWER GUARANTEE AGREEMENT (this “Agreement”), dated as of November 9, 2020, is by and among
AARON’S, LLC, a Georgia limited liability company (the “Borrower”), AARON’S SPINCO, INC., a Georgia corporation (“Holdings”), each of the Subsidiaries of the Borrower identified on the signature pages
hereto (each such Subsidiary individually, a “Subsidiary Loan Party” and collectively, the “Subsidiary Loan Parties”) and TRUIST BANK, a North Carolina banking corporation, as administrative agent (the
“Administrative Agent”) for the several banks and other financial institutions (the “Lenders”) from time to time party to the Credit Agreement, dated as of the date hereof, by and among the Borrower, AARON’S
SPINCO, INC., a Georgia corporation (“Holdings”), the Lenders, the Issuing Banks, and Truist Bank, as Administrative Agent and as Swingline Lender (as amended, restated, amended and restated, supplemented or otherwise modified from
time to time, the “Credit Agreement”; capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Credit Agreement). 

W I T N E S S E T H: 

WHEREAS, pursuant to the Credit Agreement, the Lenders have agreed to establish a revolving credit facility in favor of the Borrower;

 WHEREAS, (a) Holdings is the direct parent of the Borrower and (b) the Borrower is the parent of each Subsidiary Loan
Party and, in each of the cases of clause (a) and (b) above, will derive substantial benefit from the provision of certain hedging products and treasury management services to Holdings and the Subsidiary Loan Parties, the obligations in respect
of which constitute the Guaranteed Obligations (defined below); and 
 WHEREAS, it is a condition precedent to the obligations of the
Administrative Agent, the Issuing Banks, the Swingline Lender, and the Lenders under the Credit Agreement that the Borrower execute and deliver to the Administrative Agent this Agreement, and the Borrower wishes to fulfill said condition precedent.

 NOW, THEREFORE, in order to induce Lenders to provide certain treasury management and hedging products to the Subsidiary Loan
Parties in connection with Hedging Obligations and Treasury Management Obligations and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

Section 1. Guarantee. 

The Borrower unconditionally guarantees, jointly with Holdings and the other Subsidiary Loan Parties and severally, as a primary obligor and
not merely as a surety, the due and punctual payment and performance of (a) all Hedging Obligations between Holdings or any Subsidiary Loan Party and any Lender or Affiliate of any Lender, and (b) all Treasury Management Obligations
between Holdings or any Subsidiary Loan Party and any Lender or Affiliate of any Lender, together with all renewals, extensions, modifications or refinancings of any of the foregoing (all the monetary and other obligations referred to in the
preceding Sections 1(a) and 1(b) being collectively called the “Guaranteed Obligations”). The Borrower further agrees that the Guaranteed Obligations may be extended or renewed, in whole or in part, without notice to
or further assent from the Borrower, and that the Borrower will remain bound upon its guarantee notwithstanding any extension or renewal of any Guaranteed Obligations. 

 Section 2. Obligations Not Waived. 

To the fullest extent permitted by applicable law, the Borrower waives presentment or protest to, demand of or payment from the Subsidiary Loan
Parties of any of the Guaranteed Obligations, and also waives notice of acceptance of its guarantee and notice of protest for nonpayment. To the fullest extent permitted by applicable law, the obligations of the Borrower shall not be affected by
(a) the failure of the Administrative Agent or any Lender to assert any claim or demand or to enforce or exercise any right or remedy against Holdings or any Subsidiary Loan Party under the provisions of the Credit Agreement, any other Loan
Document, any agreement relating to Hedging Obligations or Treasury Management Obligations or otherwise, (b) any rescission, waiver, amendment or modification of, or any release from any of the terms or provisions of, this Agreement, any other
Loan Document, any agreement relating to Hedging Obligations or Treasury Management Obligations, any guarantee or any other agreement, or (c) the failure to perfect any security interest in, or the release of, any of the security held by or on
behalf of the Administrative Agent or any Lender. 
 Section 3. Guarantee of Payment. 

The Borrower further agrees that its guarantee hereunder constitutes a guarantee of payment when due and not of collection, and waives any
right to require that any resort be had by the Administrative Agent or any Lender to any of the security held for payment of the Guaranteed Obligations or to any balance of any deposit account or credit on the books of the Administrative Agent or
any Lender in favor of the Borrower or any other Person. 
 Section 4. No Discharge or Diminishment of Guarantee. 

The obligations of the Borrower shall not be subject to any reduction, limitation, impairment or termination for any reason (other than the
indefeasible satisfaction in full of the Guaranteed Obligations and the termination of all of the Commitments under the Credit Agreement or the termination of its guarantee hereunder to the extent provided in Section 12
below), including any claim of waiver, release, surrender, alteration or compromise of any of the Guaranteed Obligations, and shall not be subject to any defense or setoff, counterclaim, recoupment or termination whatsoever by reason of the
invalidity, illegality or unenforceability of the Guaranteed Obligations or otherwise. Without limiting the generality of the foregoing, the obligations of the Borrower shall not be discharged or impaired or otherwise affected by the failure of the
Administrative Agent or any Lender to assert any claim or demand or to enforce any remedy under the Credit Agreement, any other Loan Document, any agreement relating to Hedging Obligations or Treasury Management Obligations or any other agreement,
by any waiver or modification of any provision of any thereof, by any default, failure or delay, willful or otherwise, in the performance of the Guaranteed Obligations, or by any other act or omission that may or might in any manner or to the extent
vary the risk of Holdings or any Subsidiary Loan Party or that would otherwise operate as a discharge of Holdings and each Subsidiary Loan Party as a matter of law or equity (other than the indefeasible satisfaction in full of the Guaranteed
Obligations and the termination of all of the Commitments under the Credit Agreement or the termination of its guarantee hereunder to the extent provided in Section 12 below). 

Section 5. Defenses of Borrower Waived. 

To the fullest extent permitted by applicable law, the Borrower waives any defense based on or arising out of any defense of any Loan Party or
the unenforceability of the Guaranteed Obligations or any part thereof from any cause, or the cessation from any cause of the liability of any Loan Party, other than the final and indefeasible satisfaction in full of the Guaranteed Obligations and
the termination of all of the Commitments under the Credit Agreement or the termination of its guarantee hereunder to the extent 

 
provided in Section 12 below. The Administrative Agent and the Lenders may, at their election, foreclose on any security held by one or more of them by one or more
judicial or nonjudicial sales, accept an assignment of any such security in lieu of foreclosure, compromise or adjust any part of the Guaranteed Obligations, make any other accommodation with any other Loan Party or any other guarantor, without
affecting or impairing in any way the liability of the Borrower except to the extent the Guaranteed Obligations have been fully, finally and indefeasibly satisfied in full and all of the Commitments under the Credit Agreement have been terminated or
the termination of its guarantee hereunder to the extent provided in Section 12 below. Pursuant to applicable law, the Borrower 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 the Borrower against Holdings or any Subsidiary Loan Party or any other guarantor, as the case may be, or any security. 

Section 6. Agreement to Pay; Subordination. 

In furtherance of the foregoing and not in limitation of any other right that the Administrative Agent or any Lender has at law or in equity
against the Borrower by virtue hereof, upon the failure of Holdings or any Subsidiary Loan Party to pay any Guaranteed Obligation when and as the same shall become due, whether at maturity, by acceleration, after notice of prepayment or otherwise,
the Borrower hereby promises to and will forthwith pay, or cause to be paid, to the Administrative Agent for the benefit of the Lenders in cash the amount of such unpaid Guaranteed Obligation. Upon payment by the Borrower of any sums to the
Administrative Agent, all rights of the Borrower against Holdings or any Subsidiary Loan Party arising as a result thereof by way of right of subrogation, contribution, reimbursement, indemnity or otherwise shall in all respects be subordinate and
junior in right of payment to the prior indefeasible payment in full in cash of all the Obligations. If any amount shall erroneously be paid to any Loan Party on account of such subrogation, contribution, reimbursement, indemnity or similar right,
such amount shall be held in trust for the benefit of the Administrative Agent and the Lenders and shall forthwith be paid to the Administrative Agent to be credited against the payment of the Guaranteed Obligations, whether matured or unmatured, in
accordance with the terms of the Loan Documents. 
 Section 7. Information. 

The Borrower assumes all responsibility for being and keeping itself informed of the Subsidiary Loan Parties’ financial condition and
assets, and of all other circumstances bearing upon the risk of nonpayment of the Guaranteed Obligations and the nature, scope and extent of the risks that the Borrower assumes and incurs hereunder, and agrees that none of the Administrative Agent
or the Lenders will have any duty to advise the Borrower of information known to it or any of them regarding such circumstances or risks. 

Section 8. Indemnity and Subrogation. 

In addition to all such rights of indemnity and subrogation as the Borrower may have under applicable law (but subject to
Section 6), Holdings and each of the Subsidiary Loan Parties agrees that in the event a payment in respect of any Guaranteed Obligations shall be made by the Borrower under this Agreement, Holdings and the Subsidiary Loan
Parties, on a joint and several basis, shall indemnify the Borrower for the full amount of such payment and the Borrower shall be subrogated to the rights of the person to whom such payment shall have been made to the extent of such payment;
provided that neither Holdings nor any Subsidiary Loan Party shall be obligated to indemnify the Borrower hereunder to the extent such Guaranteed Obligations constitute Excluded Swap Obligations of Holdings or such Subsidiary Loan Party. 

 Section 9. Contribution and Subrogation. 

Holdings and each Subsidiary Loan Party (each a “Contributing Guarantor”) agrees (subject to
Section 6) that, in the event a payment in respect of any Guaranteed Obligations shall be made by the Borrower (the “Claiming Guarantor”) shall not have been fully indemnified by Holdings and the Subsidiary
Loan Parties as provided in Section 8, the Contributing Guarantor shall indemnify the Claiming Guarantor in an amount equal to the amount of such payment 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 Loan Parties on the date hereof. Any Contributing Guarantor making any payment to the Claiming Guarantor pursuant to this
Section 9 shall be subrogated to the rights of such Claiming Guarantor under Section 8 to the extent of such payment; provided that neither Holdings nor any Subsidiary Loan Party shall be obligated
to indemnify the Borrower hereunder to the extent such Guaranteed Obligations constitute Excluded Swap Obligations of Holdings or such Subsidiary Loan Party. 

Section 10. Subordination. 

Notwithstanding any provision of this Agreement to the contrary, all rights of the Borrower under Section 8 and
Section 9 and all other rights of indemnity, contribution or subrogation under applicable law or otherwise shall be fully subordinated to the indefeasible payment in full in cash of the Obligations. No failure on the part
of the Borrower, Holdings or any Subsidiary Loan Party to make the payments required under applicable law or otherwise shall in any respect limit the obligations and liabilities of any Loan Party with respect to its obligations hereunder, and each
Loan Party shall remain liable for the full amount of the obligations of such Loan Party hereunder. 
 Section 11.
Representations and Warranties. 
 The Borrower represents and warrants as to itself that all representations and warranties
relating to it contained in the Credit Agreement are true and correct. 
 Section 12. Termination. 

The guarantees made hereunder (a) shall terminate when (i) all the Guaranteed Obligations have been satisfied in full and all of the
Commitments under the Credit Agreement have been terminated or, if earlier, when all the Obligations as defined in the Credit Agreement (other than Obligations consisting of (x) unliquidated Hedging Obligations owed by any Loan Party to any
Lender or Affiliate of any Lender that are not then due and payable at time of such termination or as a result thereof, and (y) any ongoing Treasury Management Obligations between any Loan Party and any Lender or Affiliate of any Lender that
are not then due and payable at time of such termination or as a result thereof) have been satisfied in full and all of the Commitments under the Credit Agreement have been terminated, or (ii) as to the Guaranteed Obligations of any particular
Subsidiary Loan Party, when and to the extent (1) all of the capital stock of such Subsidiary Loan Party is sold, transferred or otherwise disposed of pursuant to a transaction permitted by the Credit Agreement, or (2) such Subsidiary Loan
Party ceases to be a Subsidiary as a result of a transaction permitted by the Credit Agreement, in which case under this Section 12(ii) the Borrower shall be released from its guarantee obligations hereunder with respect to
such Subsidiary Loan Party without further action, and (b) shall continue to be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of any such Guaranteed Obligation is rescinded or must otherwise be
restored by any Lender or any Loan Party upon the bankruptcy or reorganization of the Borrower, Holdings, any Subsidiary Loan Party or otherwise. In connection with the foregoing, the Administrative Agent shall execute and deliver to such Loan Party
or such Loan Party’s designee, at such Loan Party’s expense, any documents or instruments, in form reasonably satisfactory to the Administrative Agent, which such Loan Party shall reasonably request from time to time to evidence such
termination and release. 

 Section 13. Binding Effect; Several Agreement; Assignments. 

Whenever in this Agreement any of the parties hereto is referred to, such reference shall be deemed to include the successors and assigns of
such party; and all covenants, promises and agreements by or on behalf of the Loan Parties that are contained in this Agreement shall bind and inure to the benefit of each party hereto and their respective successors and assigns. This Agreement
shall become effective as to any Loan Party when a counterpart hereof executed on behalf of such Loan Party shall have been delivered to the Administrative Agent, and a counterpart hereof shall have been executed on behalf of the Administrative
Agent, and thereafter shall be binding upon such Loan Party and the Administrative Agent and their respective successors and assigns, and shall inure to the benefit of such Loan Party, the Administrative Agent and the Lenders, and their respective
successors and assigns, except that no Loan Party shall have the right to assign its rights or obligations hereunder or any interest herein (and any such attempted assignment shall be void). This Agreement shall be construed as a separate agreement
with respect to each Loan Party and may be amended, modified, supplemented, waived or released with respect to any Loan Party without the approval of any other Loan Party and without affecting the obligations of any other Loan Party hereunder. 

Section 14. Waivers; Amendment. 

No failure or delay of the Administrative Agent of any kind in exercising any power, right or remedy hereunder and no course of dealing between
any Loan Party on the one hand and the Administrative Agent or any holder of any Guaranteed Obligation on the other hand shall operate as a waiver thereof, nor shall any single or partial exercise of any such power, right or remedy hereunder, under
any other Loan Document, under any agreement relating to Hedging Obligations or Treasury Management Obligations or any abandonment or discontinuance of steps to enforce such a power, right or remedy, preclude any other or further exercise thereof or
the exercise of any other power, right or remedy. The rights and remedies of the Administrative Agent hereunder and of the Lenders, under the other Loan Documents and under any agreement relating to Hedging Obligations or Treasury Management
Obligations are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of this Agreement or consent to any departure by any Loan Party therefrom shall in any event be effective unless
the same shall be permitted by subsection (b) below, and then such waiver and consent shall be effective only in the specific instance and for the purpose for which given. No notice or demand on any Loan Party in any case shall entitle such
Loan Party to any other or further notice in similar or other circumstances. 
 Neither this Agreement nor any provision hereof may be
waived, amended or modified except pursuant to a written agreement entered into between each affected Loan Party with respect to which such waiver, amendment or modification relates and the Administrative Agent, with the prior written consent of the
Required Lenders (except as otherwise provided in the Credit Agreement). 
 Section 15. Notices. 

All communications and notices hereunder shall be in writing and given as provided in Section 10.1 of the Credit Agreement. 

 Section 16. Severability. 

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

Section 17. Counterparts; Integration. 

This Agreement may be executed in counterparts, each of which shall constitute an original, but all of which when taken together shall
constitute a single contract (subject to Section 13), and shall become effective as provided in Section 13. Delivery of an executed signature page to this Agreement by facsimile transmission or
form of electronic attachment (e.g., “.pdf” or “.tif”) shall be as effective as delivery of a manually executed counterpart of this Agreement. This Agreement constitutes the entire agreement among the parties hereto regarding the
subject matters hereof and supersedes all prior agreements and understandings, oral or written, regarding such subject matter. 

Section 18. Rules of Interpretation. 

The rules of interpretation specified in Section 1.4 of the Credit Agreement shall be applicable to this Agreement. As used herein, the
term “Lender” includes any Affiliate of a Lender that is owed Hedging Obligations or Treasury Management Obligations by any Loan Party. 

Section 19. Governing Law; Jurisdiction; Consent to Service of Process. 

This Agreement shall be construed in accordance with and be governed by the law (without giving effect to the conflict of law principles
thereof) of the State of New York. 
 Each Loan Party hereby irrevocably and unconditionally submits, for itself and its property, to the
exclusive jurisdiction of the United States District Court for the Southern District of New York, and of the Supreme Court of the State of New York sitting in New York County, Borough of Manhattan, and any appellate court from any thereof, in any
action or proceeding arising out of or relating to this Agreement or any other Loan Document or the transactions contemplated hereby or thereby, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and
unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such District Court or New York state court or, to the extent permitted by applicable law, such appellate court. Each Loan Party agrees
that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement shall affect any right that the
Administrative Agent, any Issuing Bank or any Lender may otherwise have to bring any action or proceeding relating to this Agreement or any other Loan Document against any Loan Party or its properties in the courts of any jurisdiction. 

Each Loan Party 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 such suit, action or proceeding described in this Section 19 and brought in any court referred to in this Section 19. Each party hereto
irrevocably waives, to the fullest extent permitted by applicable law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 

 Each Loan Party irrevocably consents to the service of process in the manner provided for
notices in Section 10.1 of the Credit Agreement. 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 20. Waiver of Jury Trial. 

EACH PARTY HERETO IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL
PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (a) CERTIFIES THAT NO
REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER, AND (b) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES
HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 20. 

Section 21. [Reserved.]. 

[Reserved.] 
 Section 22.
Right of Setoff. 
 If an Event of Default shall have occurred and be continuing, each Lender is hereby authorized at any time and
from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other Indebtedness at any time owing by such Lender to or for the
credit or the account of the Borrower against any or all the obligations of the Borrower now or hereafter existing under this Agreement and the other Loan Documents or under any agreement relating to Hedging Obligations or Treasury Management
Obligations held by such Lender, irrespective of whether or not such Person shall have made any demand under this Agreement or any other Loan Document and although such obligations may be unmatured. The rights of each Lender under this
Section 22 are in addition to other rights and remedies (including other rights of setoff) that such Lender may have. 

Section 23. Savings Clause. 

(a) It is the intent of each Loan Party and the Administrative Agent that each Loan Party’s maximum obligations hereunder shall be, but
not in excess of: 
 (i) in a case or proceeding commenced by or against any Loan Party under the provisions of Title 11 of
the United States Code, 11 U.S.C. §§101 et seq. (the “Bankruptcy Code”) on or within two years from the date on which any of the Guaranteed Obligations are incurred, the maximum amount which would not otherwise
cause the Guaranteed Obligations (or any other obligations of any Loan Party owed to the Administrative Agent or the Lenders) to be avoidable or unenforceable against such Loan Party under (i) Section 548 of the Bankruptcy Code or
(ii) any state fraudulent transfer or fraudulent conveyance act or statute applied in such case or proceeding by virtue of Section 544 of the Bankruptcy Code; or 

 (ii) in a case or proceeding commenced by or against any Loan Party under
the Bankruptcy Code subsequent to two years from the date on which any of the Guaranteed Obligations are incurred, the maximum amount which would not otherwise cause the Guaranteed Obligations (or any other obligations of any Loan Party to the
Administrative Agent or the Lenders) to be avoidable or unenforceable against such Loan Party under any state fraudulent transfer or fraudulent conveyance act or statute applied in any such case or proceeding by virtue of Section 544 of the
Bankruptcy Code; or 
 (iii) in a case or proceeding commenced by or against any Loan Party under any law, statute or
regulation other than the Bankruptcy Code (including, without limitation, any other bankruptcy, reorganization, arrangement, moratorium, readjustment of debt, dissolution, liquidation or similar debtor relief laws), the maximum amount which would
not otherwise cause the Guaranteed Obligations (or any other obligations of any Loan Party to the Administrative Agent or the Lenders) to be avoidable or unenforceable against such Loan Party under such law, statute or regulation including, without
limitation, any state fraudulent transfer or fraudulent conveyance act or statute applied in any such case or proceeding. 
 (b) The
substantive laws under which the possible avoidance or unenforceability of the Guaranteed Obligations (or any other obligations of any Loan Party to the Administrative Agent or the Lenders) as may be determined in any case or proceeding shall
hereinafter be referred to as the “Avoidance Provisions”. To the extent set forth in Section 23(a)(i), (ii), and (iii), but only to the extent that the Guaranteed Obligations would otherwise
be subject to avoidance or found unenforceable under the Avoidance Provisions, if any Loan Party is not deemed to have received valuable consideration, fair value or reasonably equivalent value for the Guaranteed Obligations, or if the Guaranteed
Obligations would render such Loan Party insolvent, or leave such Loan Party with an unreasonably small capital to conduct its business, or cause such Loan Party to have incurred debts (or to have intended to have incurred debts) beyond its ability
to pay such debts as they mature, in each case as of the time any of the Guaranteed Obligations are deemed to have been incurred under the Avoidance Provisions and after giving effect to the contribution by such Loan Party, the maximum Guaranteed
Obligations for which such Loan Party shall be liable hereunder shall be reduced to that amount which, after giving effect thereto, would not cause the Guaranteed Obligations (or any other obligations of such Loan Party to the Administrative Agent
or the Lenders), as so reduced, to be subject to avoidance or unenforceability under the Avoidance Provisions. 
 This
Section 23 is intended solely to preserve the rights of the Administrative Agent and the Lenders hereunder to the maximum extent that would not cause the Guaranteed Obligations of any Loan Party to be subject to avoidance
or unenforceability under the Avoidance Provisions, and neither any Loan Party nor any other Person shall have any right or claim under this Section 23 as against the Administrative Agent or Lenders that would not otherwise
be available to such Person under the Avoidance Provisions. 
 Section 24. Keepwell. The Borrower, as a
Qualified ECP Guarantor, hereby jointly and severally with any other Qualified ECP Guarantor, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support as may be needed from time to time by each Specified Loan
Party to honor all of such Specified Loan Party’s obligations under the Guarantee Agreement and the other Loan Documents and under any agreement relating to Hedging Obligations or Treasury Management Obligations in respect of Swap Obligations
(provided, however, that the Borrower shall only be liable under this Section 24 for the maximum amount of such liability that can be hereby incurred without rendering its obligations under this
Section 24 or otherwise under this Agreement voidable under applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations of the Borrower under this
Section 24 shall remain in full force and effect until the 

 
Obligations have been indefeasibly satisfied and performed in full and all of the Commitments under the Credit Agreement have been terminated. The Borrower intends that this
Section 24 constitute, and this Section 24 shall be deemed to constitute, a “keepwell, support, or other agreement” for the benefit of each Specified Loan Party for all purposes of
Section la(18)(A)(v)(II) of the Commodity Exchange Act. For purposes of this Section 24, “Qualified ECP Guarantor” means in respect of any Swap Obligation, each Loan Party that has total assets exceeding
$10,000,000 at the time the relevant Guarantee or grant of the relevant security interest becomes effective with respect to such Swap Obligation or such other Loan Party as constitutes an “eligible contract participant” under the Commodity
Exchange Act or any regulations promulgated thereunder and can cause another Person to qualify as an “eligible contract participant” at such time by entering into a keepwell under Section 1a(18)(A)(v)(II) of the Commodity Exchange
Act. 
 (signatures follow) 

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

			
	 AARON’S, LLC,
 as the
Borrower

		
	By:	 	  

	Name:	 	
	Title:	 	
	
	 AARON’S SPINCO, INC.,
 as a
Guarantor

		
	By:	 	  

	Name:	 	
	Title:	 	
	
	 AARON INVESTMENT COMPANY, LLC
 as a
Guarantor

		
	By:	 	  

	Name:	 	
	Title:	 	
	
	AARON’S BUSINESS REAL ESTATE HOLDINGS, LLC, as a Guarantor
		
	By:	 	
                     
            

	Name:	 	
	Title:	 	
	
	 AARON’S LOGISTICS, LLC,
 as a
Guarantor

		
	By:	 	  

	Name:	 	
	Title:	 	
	
	 AARON’S US HOLDCO, INC.,
 as a
Guarantor

		
	By:	 	  

	Name:	 	
	Title:	 	
	
	 ENVIZZO, LLC,
 as a
Guarantor

		
	By:	 	  

	Name:	 	
	Title:	 	

 
			
	 WOODHAVEN FURNITURE INDUSTRIES, LLC,

as a Guarantor

		
	By:	 	
                     
    

	Name:	 	
	Title:	 	

			
	TRUIST BANK, as
	Administrative Agent
		
	By:	 	
                     
        

		 	Name:
		 	Title:

 EXHIBIT 2.3 

FORM OF NOTICE OF REVOLVING BORROWING 

[Date] 
 Truist Bank, 

as Administrative Agent 
 for the Lenders referred to below 

303 Peachtree Street, N.E. / 25th Floor 

Atlanta, GA 30308 
 Attention: Agency Services 

Ladies and Gentlemen: 
 Reference is made to the
Credit Agreement, dated as of November 9, 2020 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among the undersigned, as Borrower, Holdings, the
Lenders, the Issuing Banks, and Truist Bank, as Administrative Agent and as Swingline Lender. Terms defined in the Credit Agreement are used herein with the same meanings. This notice constitutes a Notice of Revolving Borrowing, and the Borrower
hereby requests a Revolving Borrowing under the Credit Agreement, and in that connection the Borrower specifies the following information with respect to the Revolving Borrowing requested hereby: 

 

	 	(A)	 Aggregate principal amount of Revolving Borrowing: __________________1 

  

	 	(B)	 Date of Revolving Borrowing (which is a Business Day): _______________ 

 

	 	(C)	 Interest Rate basis: ______________________2

  

	 	(D)	 Interest Period: ________________________3

  

	 	(E)	 Location and number of Borrower’s account to which proceeds of Revolving Borrowing are to be disbursed:
_______________________________ 

  
  

 
  

	1 	 With respect to Eurodollar Borrowings, not less than $1,000,000 or a larger multiple of $500,000, and with
respect to Base Rate Borrowings, not less than $1,000,000 or a larger multiple of $100,000. 

	2 	 Eurodollar Borrowing or Base Rate Borrowing. 

	3 	 Which must comply with the definition of “Interest Period” 

 The Borrower hereby represents and warrants that the conditions specified in paragraphs (a),
(b) and (c) of Section 3.3 of the Credit Agreement are satisfied. 
  

			
	Very truly yours,
	
	AARON’S, LLC
		
	By	 	
                     
                            

	Name:
	Title:

 EXHIBIT 2.6 

FORM OF NOTICE OF SWINGLINE BORROWING 

[Date] 
 Truist Bank, 

as Administrative Agent 
 for the Lenders referred to below 

303 Peachtree Street, N.E. / 25th Floor 

Atlanta, GA 30308 
 Attention: Agency Services 

Ladies and Gentlemen: 
 Reference is made to the
Credit Agreement, dated as of November 9, 2020 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among the undersigned, as Borrower, Holdings, the
Lenders, the Issuing Banks, and Truist Bank, as Administrative Agent and as Swingline Lender. Terms defined in the Credit Agreement are used herein with the same meanings. This notice constitutes a Notice of Swingline Borrowing, and the Borrower
hereby requests a Swingline Borrowing under the Credit Agreement, and in that connection the Borrower specifies the following information with respect to the Swingline Borrowing requested hereby: 

 

	 	(A)	 Principal amount of Swingline Borrowing:
_______________________1 

  

	 	(B)	 Date of Swingline Loan (which is a Business Day): _______________________ 

 

	 	(C)	 Location and number of Borrower’s account to which proceeds of Swingline Loan are to be disbursed:
_________________________________________ 

 The Borrower hereby represents and warrants that the conditions specified in
paragraphs (a), (b) and (c) of Section 3.3 of the Credit Agreement are satisfied. 
  

			
	AARON’S, LLC
		
	By	 	
                     
    

	Name:
	Title:

  
  

	1 	 Not less than $100,000 or a larger multiple of $50,000. 

 EXHIBIT 2.8 

FORM OF NOTICE OF CONVERSION/CONTINUATION 

[Date] 
 Truist Bank, 

as Administrative Agent 
 for the Lenders referred to below 

303 Peachtree Street, N.E. / 25th Floor 

Atlanta, GA 30308 
 Attention: Agency Services 

Ladies and Gentlemen: 
 Reference is made to the
Credit Agreement, dated as of November 9, 2020 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among the undersigned, as Borrower, Holdings, the
Lenders, the Issuing Banks, and Truist Bank, as Administrative Agent and as Swingline Lender. Terms defined in the Credit Agreement are used herein with the same meanings. This notice constitutes a Notice of Conversion/Continuation and the Borrower
hereby requests the conversion or continuation of a Revolving Borrowing under the Credit Agreement, and in that connection the Borrower specifies the following information with respect to the Revolving Borrowing to be converted or continued as
requested hereby: 
  

	 	(A)	 Borrowing to which this request applies: _____________________ 

 

	 	(B)	 Principal amount of Borrowing to be converted/continued: ___________________ 

 

	 	(C)	 Effective date of election (which is a Business Day): _____________________ 

 

	 	(D)	 Interest rate basis: _____________________1

  

	 	(E)	 Interest Period: __________________2

  

			
	AARON’S, LLC
		
	By	 	
                     
        

	Name:
	Title:

  
  

 

	1 	 Eurodollar Borrowing or Base Rate Borrowing. 

	2 	 Which must comply with the definition of “Interest Period” 

 EXHIBIT 3.1(b)(iv) 

FORM OF SECRETARY’S CERTIFICATE 

OMNIBUS 
 OFFICER’S
CERTIFICATE 
 November 9, 2020 

Reference is hereby made to that certain Credit Agreement, dated as of the date hereof (the “Credit Agreement”),
by and among Aaron’s, LLC, Aaron’s SpinCo, Inc., the several banks and other financial institutions from time to time party thereto, as lenders, and Truist Bank, as administrative agent. Pursuant to Section 3.l(a)(iii) of the
Credit Agreement, each of the undersigned, as an Authorized Officer to the entities set forth on Schedule I-1 to I-4 hereto (each a “Company” and together the
“Companies”) in his representative capacity on behalf of the applicable Company hereby certifies that: 
 (a) Annexed
hereto as Exhibit A is a true, correct and complete copy of the articles of incorporation or certificate of formation, as applicable, of each Company, including any and all amendments thereto, as in effect on the date hereof, the same has not
been amended, altered, revoked or rescinded as of the date hereof; and as of the date hereof, no action for the dissolution of the Companies is pending. 

(b) Annexed hereto as Exhibit B is a true, correct and complete copy of the bylaws or limited liability company agreement, as
applicable, of each Company, including any and all amendments thereto, as in effect on the date hereof and the same has not been amended, altered, revoked or rescinded as of the date hereof. 

(c) Annexed hereto as Exhibit C is a true, correct and complete copy of a certificate of good standing or existence from the Secretary
of State of the applicable jurisdiction of organization of each Company, certified as of recent date by such Secretary of State and since such date, no change has occurred in the legal existence and good standing of the Corporation. 

(d) Attached hereto as Exhibit D is a true, complete and correct copy of resolutions duly adopted by the Board of Directors, Sole
Member, or Sole Manager, as applicable, of the Companies. Such resolutions are in full force and effect on and as of the date hereof and the same has not been amended, altered, revoked or rescinded and such resolutions are filed with the records of
the Companies, and are the only resolutions relating to the transactions contemplated thereby that have been adopted by the Board of Directors, Sole Member or Sole Manager, as applicable, of the Companies. 

(e) Annexed hereto as Exhibit E is the incumbency and specimen signature of the duly elected and qualified officers of each Company as
of the date hereof. Each person set forth on Exhibit E holds the respective office set forth opposite his or her name, is duly authorized to execute and deliver the Loan Documents and the signature set forth opposite of each such person is his or
her genuine signature. 
 [Signature Page Follows] 

 IN WITNESS WHEREOF, the undersigned has caused this Omnibus Officer’s
Certificate to be executed on behalf of each Company listed on Schedule I-1 as of the date set forth above. 

 

			
	By:	 	
                     
    

		 	Steve Olsen
		 	Authorized Officer

 I, the undersigned, an Authorized Officer, of each Company listed on Schedule I-1, do hereby certify solely on behalf of each Company listed on Schedule I-1 and not in my individual capacity that Steve Olsen is a duly elected and
qualified Authorized Officer of each Company listed on Schedule I-1 and the signature above is his genuine signature. 

 

			
	By:	 	
                     

		 	C. Kelly Wall
		 	Authorized Officer

 IN WITNESS WHEREOF, the undersigned has caused this Omnibus Officer’s
Certificate to be executed on behalf of each Company listed on Schedule I-2 as of the date set forth above. 

 

			
	By:	 	  

		 	Douglas A. Lindsay
		 	Authorized Officer

 I, the undersigned, an Authorized Officer, of each Company listed on Schedule I-2, do hereby certify solely on behalf of each Company listed on Schedule I-2 and not in my individual capacity that Douglas A. Lindsay is a duly
elected and qualified Authorized Officer of each Company listed on Schedule I-2 and the signature above is his genuine signature. 

 

			
	By:	 	
                     
    

		 	Steve Olsen
		 	Authorized Officer

 IN WITNESS WHEREOF, the undersigned has caused this Omnibus Officer’s
Certificate to be executed on behalf of each Company listed on Schedule I-3 as of the date set forth above. 

 

			
	By:	 	
                     
        

		 	Robert W. Kamerschen
		 	Authorized Officer

 I, the undersigned, an Authorized Officer, of each Company listed on Schedule I-3, do hereby certify solely on behalf of each Company listed on Schedule I-3 and not in my individual capacity that Robert W. Kamerschen is a duly
elected and qualified Authorized Officer of each Company listed on Schedule I-3 and the signature above is his genuine signature. 

 

			
	By:	 	
                     
    

		 	Robert P. Sinclair, Jr.
		 	Authorized Officer

 IN WITNESS WHEREOF, the undersigned has caused this Omnibus Officer’s
Certificate to be executed on behalf of each Company listed on Schedule I-4 as of the date set forth above. 

 

			
	By:	 	
                     

		 	Ariel Maidansky
		 	Authorized Officer

 I, the undersigned, an Authorized Officer of Aaron’s, LLC, a direct parent of each Company listed
on Schedule I-4, do hereby certify solely on behalf of each Company listed on Schedule I-4 and not in my individual capacity that Ariel
Maidansky is a duly elected and qualified Authorized Officer of each Company listed on Schedule I-4 and the signature above is his genuine signature. 

 

			
	By:	 	
                     
    

		 	C. Kelly Wall
		 	Authorized Officer

 EXHIBIT 3.1(b)(vii) 

FORM OF OFFICER’S CERTIFICATE 

November 9, 2020 
 Reference
is made to that certain Credit Agreement, dated as of November 9, 2020 (the “Credit Agreement”), by and among Aaron’s, LLC, a Georgia limited liability company (the “Borrower”), Aaron’s
Spinco, Inc., a Georgia corporation (“Holdings”), the Lenders party thereto from time to time, and Truist Bank, as Administrative Agent. Terms defined in the Credit Agreement are used herein with the same meanings. This
certificate is being delivered pursuant to Section 3.1(a)(vi) of the Credit Agreement. 
 I, C. Kelly Wall, an Authorized Officer of
the Borrower, DO HEREBY CERTIFY on behalf of the Borrower that: 
  

	 	(a)	 all representations and warranties of each Loan Party set forth in the Loan Documents are true and correct in
all material respects (other than those representations and warranties that are expressly qualified by Material Adverse Effect or other materiality, in which case such representations and warranties are true and correct in all respects) on and as of
the date hereof; provided, that to the extent such representation or warranty relates to a specific prior date, such representation or warranty is true and correct in all material respects (other than those representations and warranties that
are expressly qualified by Material Adverse Effect or other materiality, in which case such representations and warranties are true and correct in all respects) only as of such specific prior date; 

 

	 	(b)	 no Default or Event of Default exists as of the date hereof; and 

 

	 	(c)	 since December 31, 2019, which is the date of the audited financial statements of the Borrower described
in Section 4.4 of the Credit Agreement, there has been no change which has had or could reasonably be expected to have a Material Adverse Effect. 

[Signature page follows] 

 IN WITNESS WHEREOF, I have hereunto signed my name as of the date first written above. 

 

			
	 AARON’S, LLC
 a Georgia limited
liability company

		
	By:	 	  

	 Name:
 Title:
	 	

 EXHIBIT 5.1(c) 

FORM OF COMPLIANCE CERTIFICATE 

[Date] 
  

	To:	 Truist Bank, as Administrative Agent 

303 Peachtree St., N.E. / 25th Floor 

Atlanta, GA 30308 
 Attention:
                      
 Ladies and Gentlemen:

 Reference is made to the Credit Agreement, dated as of November 9, 2020 (as amended, restated, amended and restated, supplemented or
otherwise modified from time to time, the “Credit Agreement”), among the undersigned, as Borrower, Holdings, the other Guarantors from time to time party thereto, the lenders from time to time party thereto, the Issuing Banks, and
Truist Bank, as Administrative Agent, an Issuing Bank and Swingline Lender. Capitalized terms used herein and not otherwise defined shall have the meanings assigned to such terms in the Credit Agreement. 

I, _____________, being the duly elected and qualified, and acting in my capacity as [Chief Financial Officer][Controller][Treasurer] of the
Borrower, hereby certify to the Administrative Agent and each Lender as follows: 
 [Use the following paragraph 1 for fiscal year-end financial statements] 
 1. [Attached hereto as Schedule 1 are the audited annual financial
statements required by Section 5.1(a) of the Credit Agreement for the Fiscal Year ending [_______] together with the audit report of Ernst & Young or other independent public accountants of nationally recognized standing required by
such section. The consolidated financial statements of Holdings, the Borrower and its Restricted Subsidiaries attached hereto fairly present in all material respects the financial condition and results of operations of Holdings, the Borrower and its
Restricted Subsidiaries as at the end of such Fiscal Year on a consolidated basis, and the related statements of income and cash flows of Holdings, the Borrower and its Restricted Subsidiaries for such Fiscal Year, in accordance with
generally accepted accounting principles consistently applied (subject to normal year-end audit adjustments and the absence of footnotes).] 

[Use the following paragraph 1 for fiscal quarter-end financial statements] 

1. [Attached hereto as Schedule 1 are the unaudited financial statements required by Section 5.1(b) of the Credit Agreement for the
Fiscal Quarter ending [___________, ___]. The consolidated financial statements of Holdings, the Borrower and its Restricted Subsidiaries attached hereto fairly present in all material respects the financial condition and results of operations of
Holdings, the Borrower and its Restricted Subsidiaries as at the end of such Fiscal Quarter on a consolidated basis, and the related statements of income and cash flows of Holdings, the Borrower and its Restricted Subsidiaries for such Fiscal
Quarter, in accordance with generally accepted accounting principles consistently applied (subject to normal year-end audit adjustments and the absence of footnotes).] 

3. Based upon a review of the activities of Holdings, the Borrower and its Restricted Subsidiaries and the financial statements attached hereto
during the period covered thereby, as of the date hereof, [there exists no Default or Event of Default][a Default or Event of Default exists and set forth below are the details thereof and a description of the action which the Borrower has taken or
proposes to take with respect thereto]. 

 4. Set forth on Schedule 2 are detailed calculations demonstrating compliance with
the financial covenants set forth in Article VI of the Credit Agreement. 
 5. Since the date of the Borrower’s audited financial
statements referred to in Section 4.4 of the Credit Agreement, [no change in GAAP or the application thereof has occurred][a change in GAAP or the application thereof has occurred and below is a description of the effect of such change on the
financial statements accompanying this certificate]. 
  

	
	  

	Name:                                     
                                   
	 Title: [Chief Financial

Officer][Controller][Treasurer]

 EXHIBIT 5.12 

FORM OF SECURITY AGREEMENT 

THIS SECURITY AND PLEDGE AGREEMENT (as amended, restated, amended and restated, modified and supplemented from time to time, this
“Agreement”) is entered into as of [            ] among the parties identified as “Obligors” on the signature pages hereto and such other parties that may
become Obligors hereunder after the date hereof (each individually an “Obligor” and collectively the “Obligors”), and TRUIST BANK, in its capacity as Administrative Agent (in such capacity, the
“Administrative Agent”) for the holders of the Secured Obligations (defined below). 
 RECITALS 

WHEREAS, pursuant to that certain Credit Agreement (as amended, modified, supplemented, increased, extended, restated, refinanced and replaced
from time to time, the “Credit Agreement”) dated as of November 9, 2020 among Aaron’s, LLC, a Georgia limited liability company (the “Borrower”), Aaron’s Spinco, Inc., a Georgia corporation
(“Holdings”), the Lenders from time to time party thereto, the Issuing Banks from time to time party thereto, and Truist Bank, in its capacities as Administrative Agent and as Swingline Lender, the Lenders have agreed to make Loans
to the Borrower and each Issuing Bank has agreed to issue Letters of Credit to the Borrower upon the terms and subject to the conditions set forth therein; and 

WHEREAS, this Agreement is required by the terms of the Credit Agreement. 

NOW, THEREFORE, in consideration of these premises and other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows: 
 1. Definitions. 

(a) Capitalized terms used and not otherwise defined herein shall have the meanings ascribed to such terms in the Credit Agreement, and the
following terms which are defined in the Uniform Commercial Code in effect from time to time in the State of New York except as such terms may be used in connection with the perfection of the Collateral and then the applicable jurisdiction with
respect to such affected Collateral shall apply (the “UCC”): Accession, Account, Adverse Claim, As-Extracted Collateral, Chattel Paper, Commercial Tort Claim, Consumer Goods, Deposit Account,
Document, Electronic Chattel Paper, Equipment, Farm Products, Financial Asset, Fixtures, General Intangible, Goods, Instrument, Inventory, Investment Company Security, Investment Property, Letter-of-Credit Right, Manufactured Home, Money, Proceeds, Securities Account, Securities Intermediary, Security, Security Entitlement, Software, Supporting Obligation and Tangible Chattel Paper. 

(b) In addition, the following terms shall have the meanings set forth below: 

“Administrative Agent” has the meaning provided in the introductory paragraph hereof. 

“Agreement” has the meaning provided in the introductory paragraph hereof.     

“Borrower” has the meaning provided in the recitals hereof. 

“Collateral” has the meaning provided in Section 2 hereof. 

 “Copyright License” shall mean any written agreement,
naming any Obligor as licensor, granting any right under any Copyright. 
 “Copyrights” shall mean
(a) all registered United States copyrights in all Works, now existing or hereafter created or acquired, all registrations and recordings thereof, and all applications in connection therewith, including, without limitation, registrations,
recordings and applications in the United States Copyright Office, and (b) all renewals thereof. 
 “Credit
Agreement” has the meaning provided in the recitals hereof. 
 “Excluded Accounts” shall mean
(a) deposit and/or securities accounts the balance of which consists exclusively of (i) withheld income taxes and federal, state or local employment taxes in such amounts as are required in the reasonable judgment of the Borrower to be
paid to the IRS or state or local government agencies within the following two (2) months with respect to employees of any of the Loan Parties or (ii) amounts required to be paid over to an employee benefit plan pursuant to DOL Reg. Sec. 2510.3-102 on behalf of or for the benefit of employees of one or more Loan Parties, (b) all tax accounts (including, without limitation, sales tax accounts), accounts used solely for payroll, accounts
maintained solely in trust for the benefit of third parties and fiduciary purposes, escrow accounts, zero balance or swept accounts and employee benefit accounts (including 401(k) accounts and pension fund accounts), in each case, so long as such
account is used solely for such purpose, (c) any deposit and/or securities account maintained in a jurisdiction outside of the United States and (d) accounts the balance of which consists exclusively of amounts to be paid to employees in
the ordinary course of business. 
 “Excluded Property” shall mean, with respect to any Obligor,
(a) any owned real property located outside the United States, (b) any owned real property located in the United States that is owned in fee by an Obligor which is not Material Real Estate, (c) any leased real property, (d) any
copyrights, copyright licenses, patents, patent licenses, trademarks or trademark licenses for which a perfected Lien thereon is not effected either by filing of a Uniform Commercial Code financing statement or by appropriate evidence of such Lien
being filed in either the United States Copyright Office or the United States Patent and Trademark Office, (e) any personal property for which the attachment or perfection of a Lien thereon is not governed by the Uniform Commercial Code
(including motor vehicles and other assets subject to certificates of title), (f) the Capital Stock in any Unrestricted Subsidiary, (g) the Capital Stock in any Foreign Subsidiary that is a Restricted Subsidiary to the extent not required to be
pledged to secure the Obligations pursuant to Section 5.10(b) of the Credit Agreement, (h) any property which, subject to the terms of Section 7.8 of the Credit Agreement, is subject to a Lien of the type described in
Section 7.2(c) of the Credit Agreement pursuant to documents which prohibit such Loan Party from granting any other Liens in such property, (i) Excluded Accounts, (j) those assets over which the granting of a Lien in such assets in
favor of the Administrative Agent would be prohibited by applicable law, regulation or contract (including any requirement under or in accordance with such law, rule or regulation to obtain consent from a third party, including any governmental or
regulatory authority), so long as (i) any contractual restriction is not incurred in contemplation of the owning entity’s becoming a Restricted Subsidiary or the entry of such owning entity into the Loan Documents and (ii) such
contract is permitted under this Agreement, in each case, after giving effect to Sections 9-406, 9-407, 9-408 and 9-409 of the Uniform Commercial Code or any other applicable law or principle of equity, other than any receivables and proceeds thereof (the assignment of which is expressly deemed effective under the Uniform
Commercial Code notwithstanding such prohibition), (k) any intent-to-use trademark application prior to the filing of a “Statement of Use” or “Amendment
to Allege Use” with respect thereto, to the extent, if any, that, and solely during the period, if any, in which the grant or enforcement of a security interest therein would impair the validity or enforceability of such

  
 2 

 
intent-to-use trademark application under applicable federal law, (l) assets to the extent a security interest
in such assets would result in material adverse tax consequences (including, without limitation, as a result of the operation of Section 956 of the United States Code or any similar law or regulation in any applicable jurisdiction), as
reasonably determined by the Borrower in good faith, (m) at any time before the date that is 1 year after the Funding Availability Date, the Specified Asset and (n) other assets to the extent the Borrower and the Administrative Agent agree
in writing that the cost of obtaining or perfecting a security interest in such assets is excessive in relation to the value of the security afforded thereby; provided, however, that the security interest granted to the Administrative
Agent under this Agreement or any other Loan Document shall attach immediately to any asset of any Loan Party at such time as such asset ceases to meet any of the criteria for “Excluded Property” described in any of the foregoing
clauses (a) through (n) above. 
 “Material Agreements” shall mean (a) all
agreements, indentures or notes governing the terms of any Material Indebtedness and (b) all other agreements, documents, contracts, indentures and instruments pursuant to which a default, breach or termination thereof would reasonably be
expected to result in a Material Adverse Effect. 
 “Obligor” and “Obligors” have the
meanings provided in the introductory paragraph hereof. 
 “Patent License” shall mean any agreement,
whether written or oral, providing for the grant by or to an Obligor of any right to manufacture, use or sell any invention covered by a Patent. 

“Patents” shall mean (a) all letters patent of the United States or any other country and all reissues
and extensions thereof, and (b) all applications for letters patent of the United States or any other country and all divisions, continuations and
continuations-in-part thereof. 

“Pledged Equity” shall mean, with respect to each Obligor, (a) one hundred percent (100%) of the issued
and outstanding Capital Stock of each Domestic Subsidiary that is a Restricted Subsidiary and (b) sixty-six percent (66%) of the issued and outstanding Capital Stock entitled to vote (within the meaning
of Treas. Reg. Section 1.956-2(c)(2)) and one hundred percent (100%) of the issued and outstanding Capital Stock not entitled to vote (within the meaning of Treas. Reg.
Section 1.956-2(c)(2)) in each Foreign Subsidiary that is a Restricted Subsidiary, directly owned by any Obligor, including without limitation the Capital Stock of the Subsidiaries owned by such Obligor
as set forth on Schedule 1 hereto, in each case together with the certificates (or other agreements or instruments), if any, representing such Capital Stock, and all options and other rights, contractual or otherwise, with
respect thereto, including, but not limited to, the following: 
 (1) all Capital Stock representing a dividend thereon, or
representing a distribution or return of capital upon or in respect thereof, or resulting from a stock split, revision, reclassification or other exchange therefor, and any subscriptions, warrants, rights or options issued to the holder thereof, or
otherwise in respect thereof; and 
 (2) in the event of any consolidation or merger involving the issuer thereof and in
which such issuer is not the surviving Person, all shares of each class of the Capital Stock of the successor Person formed by or resulting from such consolidation or merger, to the extent that such successor Person is a direct Subsidiary of an
Obligor; provided that if such successor Person is a Foreign Subsidiary or a Domestic Subsidiary that is an Excluded Subsidiary, such Capital Stock shall be limited to the amount described in clause (b) hereof. 

  
 3 

 “Secured Obligations” shall mean, without duplication,
(a) all Obligations and (b) subject to the limitations set forth in Section 10.3 of the Credit Agreement, all out-of-pocket costs and expenses (including,
without limitation, the reasonable and documented fees, disbursements and other charges of one outside counsel) incurred in connection with enforcement and collection of the Obligations. 

“Trademark License” shall mean any agreement, written or oral, providing for the grant by or to an Obligor of
any right to use any Trademark. 
 “Trademarks” shall mean (a) all trademarks, trade names, corporate
names, company names, business names, fictitious business names, trade styles, service marks, logos and other source or business identifiers, and the goodwill associated therewith, now existing or hereafter adopted or acquired, all registrations and
recordings thereof, and all applications in connection therewith, whether in the United States Patent and Trademark Office or in any similar office or agency of the United States, any state thereof or any other country or any political subdivision
thereof, or otherwise and (b) all renewals thereof. 
 “UCC” has the meaning provided in
Section 1(a) hereof.     
 “Work” shall mean any work that is
subject to copyright protection pursuant to Title 17 of the United States Code. 
 2. Grant of Security Interest in the Collateral.
To secure the prompt payment and performance in full when due, whether by lapse of time, acceleration, mandatory prepayment or otherwise, of the Secured Obligations, each Obligor hereby grants to the Administrative Agent, for the benefit of the
holders of the Secured Obligations, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to all of the following, whether now owned or existing or owned, acquired, or arising
hereafter (collectively, the “Collateral”): (a) all Accounts; (b) all Money; (c) all Chattel Paper; (d) those certain Commercial Tort Claims set forth on Schedule 2 hereto; (e) all
Copyrights; (f) all Copyright Licenses; (g) all Deposit Accounts; (h) all Documents; (i) all Equipment; (j) all Fixtures; (k) all General Intangibles; (l) all Goods; (m) all Instruments; (n) all
Inventory; (o) all Investment Property; (p) all Letter-of-Credit Rights; (q) all Patents; (r) all Patent Licenses; (s) all Pledged Equity;
(t) all Software; (u) all Supporting Obligations; (v) all Trademarks; (w) all Trademark Licenses; (x) all books and records related to the Collateral; and (y) all Accessions and all Proceeds of any and all of the
foregoing. 
 Notwithstanding anything to the contrary contained herein, the security interests granted under this Agreement shall not extend
to any Excluded Property; provided that upon the occurrence of an event that renders property to no longer constitute Excluded Property, a security interest in such property shall be automatically and simultaneously granted hereunder and
shall be included as Collateral hereunder. 
 The Obligors and the Administrative Agent, on behalf of the holders of the Secured Obligations,
hereby acknowledge and agree that the security interest created hereby in the Collateral (i) constitutes continuing collateral security for all of the Secured Obligations, whether now existing or hereafter arising and (ii) is not to be
construed as an assignment of any Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks or Trademark Licenses. 
 3.
Representations and Warranties. Each of the Obligors hereby represents and warrants to the Administrative Agent, for the benefit of the holders of the Secured Obligations, that: 

  
 4 

 (a) Ownership. Such Obligor is the legal and beneficial owner of its
Collateral and has the right to pledge, sell, assign or transfer the same. There exists no Adverse Claim with respect to the Pledged Equity of such Obligor other than non-consensual Liens permitted by
Section 7.2 of the Credit Agreement. 
 (b) Security Interest/Priority. This Agreement creates a valid security
interest in favor of the Administrative Agent, for the benefit of the holders of the Secured Obligations, in the Collateral of such Obligor and, when properly perfected by filing a UCC-1 financing statement in
the appropriate jurisdiction, shall constitute a valid and perfected security interest in such Collateral (including all uncertificated Pledged Equity consisting of partnership or limited liability company interests that do not constitute
Securities), to the extent such security interest can be perfected by filing under the UCC, free and clear of all Liens except for Liens permitted by Section 7.2 of the Credit Agreement. The taking of possession by the Administrative Agent of
the certificated securities (if any) evidencing the Pledged Equity and all other Instruments constituting Collateral (and any necessary endorsements) will perfect the Administrative Agent’s security interest in all the Pledged Equity evidenced
by such certificated securities and such Instruments (subject to Permitted Liens). With respect to any Collateral consisting of a Deposit Account, Security Entitlement or assets held in a Securities Account (in each case, other than Excluded
Accounts), upon execution and delivery by the applicable Obligor, the bank or Securities Intermediary, as applicable, and the Administrative Agent of an agreement granting control to the Administrative Agent over such Collateral, the Administrative
Agent shall have a valid and perfected security interest in such Collateral, subject to Permitted Liens. Notwithstanding anything to the contrary in the foregoing, the Obligors and the Administrative Agent acknowledge and agree that no account
control agreement shall be required with respect to any Deposit Account or Securities Account that has a balance (or which holds assets with a fair market value) less than $5,000,000. 

(c) Types of Collateral. None of the Collateral consists of, or is the Proceeds of,
As-Extracted Collateral, Consumer Goods, Farm Products, Manufactured Homes or standing timber. 

(d) Equipment and Inventory. With respect to any Equipment and/or Inventory of such Obligor, such Obligor has exclusive
possession and control of such Equipment and Inventory of such Obligor except for (i) Equipment leased by such Obligor as a lessee, (ii) Equipment or Inventory in transit with common carriers, (iii) mobile goods, (iv) Equipment
or Inventory out for repair or refurbishment, (vi) Equipment or Inventory kept with third parties in the ordinary course of business, and/or (vii) Equipment or Inventory in possession of employees in the ordinary course of business.
Subject to the foregoing, no Inventory of such Obligor is held by a Person other than such Obligor pursuant to consignment, sale or return, sale on approval or similar agreement. 

(e) Authorization of Pledged Equity. All Pledged Equity is duly authorized and validly issued, is fully paid and, to the
extent applicable, non-assessable and is not subject to the preemptive rights, warrants, options or other rights to purchase of any Person, or equityholder, voting trust or similar agreements outstanding with
respect to, or property that is convertible, into, or that requires the issuance and sale of, any of the Pledged Equity, except to the extent expressly permitted under the Loan Documents. 

(f) No Other Capital Stock, Instruments, Etc. As of the Closing Date, such Obligor owns all certificated Capital Stock
in any Subidiary that is required to be pledged and delivered to the Administrative Agent hereunder, other than as set forth on Schedule 1 hereto, and all such certificated Capital Stock has been delivered to the Administrative Agent. 

  
 5 

 (g) Partnership and Limited Liability Company Interests. Except as
previously disclosed to the Administrative Agent in writing, none of the Collateral consisting of an interest in a partnership or a limited liability company (i) is dealt in or traded on a securities exchange or in a securities market,
(ii) by its terms expressly provides that it is a Security governed by Article 8 of the UCC, (iii) is an Investment Company Security, (iv) is held in a Securities Account or (v) constitutes a Security or a Financial Asset. 

(h) Contracts; Agreements; Licenses. Such Obligor has no Material Agreements which are
non-assignable by their terms, or as a matter of law, or which prevent the granting of a security interest therein for which consent has not been obtained. 

(i) Consents; Etc. There are no restrictions in any articles of incorporation, articles of formation, articles of
organization, bylaws, operating agreement or other applicable agreement of formation or organization governing any Pledged Equity or any other document related thereto which would limit or restrict (i) the grant of a Lien pursuant to this
Agreement on such Pledged Equity, (ii) the perfection of such Lien or (iii) the exercise of remedies in respect of such perfected Lien in the Pledged Equity as contemplated by this Agreement. Except for (i) the filing or recording of
UCC financing statements, (ii) the filing of appropriate notices with the United States Patent and Trademark Office and the United States Copyright Office, (iii) obtaining control to perfect the Liens created by this Agreement (to the
extent required under Section 4(a) hereof), (iv) such actions as may be required by laws affecting the offering and sale of securities, (v) such actions as may be required by applicable foreign laws affecting the
pledge of the Pledged Equity of Foreign Subsidiaries, (vi) any approvals that may be required to be obtained from any bailee or landlord to collect the Collateral, and (vii) consents, authorizations, filings or other actions which have
been obtained or made, no material consent or material authorization of, filing with, or other act by or in respect of, any arbitrator or Governmental Authority and no consent of any other Person (including, without limitation, any stockholder,
member or creditor of such Obligor), is required for (A) the grant by such Obligor of the security interest in the Collateral granted hereby or for the execution, delivery or performance of this Agreement by such Obligor, (B) the
perfection of such security interest (to the extent such security interest can be perfected by filing under the UCC, the granting of control (to the extent required under Section 4(a) hereof) or by filing an appropriate
notice with the United States Patent and Trademark Office or the United States Copyright Office) or (C) the exercise by the Administrative Agent or the holders of the Secured Obligations of the rights and remedies provided for in this
Agreement. 
 (j) Commercial Tort Claims. As of the Closing Date, such Obligor has no Commercial Tort Claims seeking
damages in excess of $2,000,000 in any individual instance or $5,000,000 in the aggregate when taken together with all Commercial Tort Claims of all of the other Obligors, other than as set forth on Schedule 2 hereto. 

(k) Copyrights, Patents and Trademarks. 

(i) Schedule 3 hereto includes all registrations or applications for Copyrights, Patents and Trademarks and all material
Copyright Licenses, Patent Licenses and Trademark Licenses (excluding “off-the-shelf” licenses pursuant to standard licensing terms which have not been
modified or customized by a third party for the Obligor) owned by such Obligor in its own name, or to which any Obligor is a party, as of the date hereof. 

(ii) All registrations or applications pertaining to such Copyrights, Patents and Trademarks as have been set forth on
Schedule 3 hereto have been duly and properly filed, and to any Obligor’s knowledge, each Copyright, Patent and Trademark of such Obligor is valid, subsisting, unexpired, enforceable and has not been abandoned. 

  
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 (iii) Except as set forth on Schedule 3 hereto, none of such
Copyrights, Patents and Trademarks is the subject of any exclusive licensing or franchise agreement as of the date hereof. 

(iv) Except as could not reasonably be expected to have a Material Adverse Effect, to such Obligor’s knowledge, no
holding, decision or judgment has been rendered by any Governmental Authority that would limit, cancel or question the validity of any such Copyright, Patent or Trademark. 

(v) No action or proceeding is pending, seeking to limit, cancel or question the validity of any Copyright, Patent or Trademark
of any Obligor or Subsidiary of any Obligor that could reasonably be expected to have a Material Adverse Effect. 
 4. Covenants.
Each Obligor covenants that until such time as the Secured Obligations arising under the Loan Documents have been paid in full and the Commitments have expired or been terminated, such Obligor shall: 

(a) Instruments/Chattel Paper/Pledged Equity/Control. 

(i) If any amount in excess of $2,000,000 in any individual instance or $5,000,000 in the aggregate payable under or in
connection with any of the Collateral shall be or become evidenced by any Instrument or Tangible Chattel Paper, or if any property constituting Collateral shall be stored or shipped subject to a Document, ensure that such Instrument, Tangible
Chattel Paper or Document is either in the possession of such Obligor at all times or, if requested by the Administrative Agent to perfect its security interest in such Collateral, is delivered to the Administrative Agent duly endorsed in a manner
reasonably satisfactory to the Administrative Agent. Such Obligor shall ensure that any Collateral consisting of Tangible Chattel Paper is marked with a legend reasonably acceptable to the Administrative Agent indicating the Administrative
Agent’s security interest in such Tangible Chattel Paper. 
 (ii) Deliver to the Administrative Agent promptly upon the
receipt thereof by or on behalf of such Obligor, all certificates and instruments constituting Pledged Equity. Prior to delivery to the Administrative Agent, all such certificates constituting Pledged Equity shall be held in trust by such Obligor
for the benefit of the Administrative Agent pursuant hereto. All such certificates representing Pledged Equity shall be delivered in suitable form for transfer by delivery or shall be accompanied by duly executed instruments of transfer or
assignment in blank, substantially in the form provided in Exhibit 4(a) hereto (or other form acceptable to the Administrative Agent in its reasonable discretion). 

(iii) Execute and deliver all agreements, assignments, instruments or other documents as reasonably requested by the
Administrative Agent for the purpose of obtaining and maintaining control with respect to any Collateral consisting of (A) Deposit Accounts, (B) Investment Property,
(C) Letter-of-Credit Rights and (D) Electronic Chattel Paper. 

(b) Filing of Financing Statements, Notices, Etc. Such Obligor shall execute and deliver to the Administrative Agent
such agreements, assignments or instruments (including affidavits, notices, reaffirmations and amendments and restatements of existing documents, as the Administrative Agent may reasonably request) and do all such other things as the Administrative
Agent may reasonably deem necessary or appropriate (i) to assure to the Administrative Agent its 

  
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security interests hereunder, including (A) such instruments as the Administrative Agent may from time to time reasonably request in order to perfect and maintain the security interests
granted hereunder in accordance with the UCC, (B) with regard to Copyrights, a Notice of Grant of Security Interest in Copyrights in the form of Exhibit 4(b)(i) hereto, (C) with regard to Patents, a Notice of Grant of Security
Interest in Patents for filing with the United States Patent and Trademark Office in the form of Exhibit 4(b)(ii) hereto and (D) with regard to Trademarks, a Notice of Grant of Security Interest in Trademarks for filing with the United
States Patent and Trademark Office in the form of Exhibit 4(b)(iii) hereto, (ii) to consummate the transactions contemplated hereby and (iii) to otherwise protect and assure the Administrative Agent of its rights and interests
hereunder. Furthermore, such Obligor also hereby irrevocably makes, constitutes and appoints the Administrative Agent, its nominee or any other person whom the Administrative Agent may designate, as such Obligor’s attorney in fact with full
power and for the limited purpose to prepare and file (and, to the extent applicable, sign) in the name of such Obligor any financing statements, or amendments and supplements to financing statements, renewal financing statements, notices or any
similar documents which in the Administrative Agent’s reasonable discretion would be necessary or appropriate in order to perfect and maintain perfection of the security interests granted hereunder, such power, being coupled with an interest,
being and remaining irrevocable until such time as the Secured Obligations arising under the Loan Documents have been paid in full and the Commitments have expired or been terminated. Such Obligor hereby agrees that a carbon, photographic or other
reproduction of this Agreement or any such financing statement is sufficient for filing as a financing statement by the Administrative Agent without notice thereof to such Obligor wherever the Administrative Agent may in its sole discretion desire
to file the same. 
 (c) Collateral Held by Warehouseman, Bailee, Etc. If any Collateral with a book value in excess
of $5,000,000 is at any time in the possession or control of a warehouseman, bailee or any agent or processor of such Obligor and the Administrative Agent so reasonably requests (i) notify such Person in writing of the Administrative
Agent’s security interest therein, (ii) instruct such Person to hold all such Collateral for the Administrative Agent’s account and subject to the Administrative Agent’s instructions and (iii) use commercially reasonable
efforts to obtain a written acknowledgment from such Person that it is holding such Collateral for the benefit of the Administrative Agent. 

(d) Commercial Tort Claims. (i) Promptly forward to the Administrative Agent an updated Schedule 2 listing
any and all Commercial Tort Claims by or in favor of such Obligor seeking damages in excess of $2,000,000 in any individual instance or $5,000,000 in the aggregate for all Commercial Tort Claims of the Obligors not subject to a Lien in favor
of the Administrative Agent for the benefit of itself and the other holders of the Secured Obligations and (ii) execute and deliver such statements, documents and notices and do and cause to be done all such things as may be reasonably required
by the Administrative Agent, or required by law to create, preserve, perfect and maintain the Administrative Agent’s security interest in any Commercial Tort Claims initiated by or in favor of any Obligor. 

(e) Books and Records. Each Obligor shall mark its books and records (and shall cause the issuer of the Pledged Equity
of such Obligor to mark its books and records) to reflect the security interest granted pursuant to this Agreement. 
 (f)
Nature of Collateral. At all times maintain the Collateral as personal property and not affix any of the Collateral to any real property in a manner which would change its nature from personal property to real property or a Fixture to real
property, unless the Administrative Agent shall have a perfected Lien on such Fixture or real property. 

  
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 (g) Issuance or Acquisition of Capital Stock in Partnership or Limited
Liability Company. Not without executing and delivering, or causing to be executed and delivered, to the Administrative Agent such agreements, documents and instruments as the Administrative Agent may reasonably require, issue or acquire any
Pledged Equity consisting of an interest in a partnership or a limited liability company that (i) is dealt in or traded on a securities exchange or in a securities market, (ii) by its terms expressly provides that it is a Security governed
by Article 8 of the UCC, (iii) is an Investment Company Security, (iv) is held in a Securities Account or (v) constitutes a Security or a Financial Asset. 

5. Authorization to File Financing Statements. Each Obligor hereby authorizes the Administrative Agent to prepare and file such
financing statements (including continuation statements) or amendments thereof or supplements thereto or other instruments as the Administrative Agent may from time to time deem necessary or appropriate in order to perfect and maintain the security
interests granted hereunder in accordance with the UCC (including authorization to describe the Collateral as “all personal property”, “all assets” or words of similar meaning). 

6. Advances. 
 (a) Upon
the occurrence of an Event of Default and during the continuation thereof, or (b) upon the failure of any Obligor to perform any of the covenants and agreements contained herein or in any other Loan Document if, with respect to this clause
(b), the Administrative Agent reasonably determines that the taking of a particular action is required prior to the expiration of any applicable cure period(s) in order to prevent an impairment of its rights in and to any Collateral, then in
either case, the Administrative Agent may, at its sole option and in its sole discretion upon notice to the applicable Obligors, perform the same and in so doing may expend such sums as the Administrative Agent may reasonably deem advisable in the
performance thereof, including, without limitation, the payment of any insurance premiums, the payment of any taxes, a payment to obtain a release of a Lien or potential Lien, expenditures made in defending against any adverse claim and all other
expenditures which the Administrative Agent may make for the protection of the security hereof or may be compelled to make by operation of law. All such sums and amounts so expended shall be repayable by the Obligors on a joint and several basis
promptly upon timely notice thereof and demand therefor, shall constitute additional Secured Obligations and shall bear interest from the date said amounts are expended as Default Interest. No such performance of any covenant or agreement by the
Administrative Agent on behalf of any Obligor, and no such advance or expenditure therefor, shall relieve the Obligors of any Default or Event of Default. The Administrative Agent may make any payment hereby authorized in accordance with any bill,
statement or estimate procured from the appropriate public office or holder of the claim to be discharged without inquiry into the accuracy of such bill, statement or estimate or into the validity of any tax assessment, sale, forfeiture, tax lien,
title or claim except to the extent such payment is being contested in good faith by an Obligor in appropriate proceedings and against which adequate reserves are being maintained in accordance with GAAP. 

7. Remedies. 
 (a)
General Remedies. During the continuance of an Event of Default, the Administrative Agent shall have, in addition to the rights and remedies provided herein, in the Loan Documents, in any other documents relating to the Secured Obligations,
or by law (including, but not limited to, levy of attachment, garnishment and the rights and remedies set forth in the UCC of the jurisdiction applicable to the affected Collateral), the rights and remedies of a secured party under the UCC
(regardless of whether the UCC is the law of the jurisdiction where the rights and remedies are asserted and regardless of whether the UCC applies to the affected Collateral), and further, the Administrative Agent may, with or without judicial
process or the aid and assistance of others, (i) enter on any premises on which any of the Collateral may be located and, without resistance or interference by the Obligors, take possession of the Collateral, (ii) dispose of any

  
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Collateral on any such premises, (iii) require the Obligors to assemble and make available to the Administrative Agent at the expense of the Obligors any Collateral at any place and time
designated by the Administrative Agent which is reasonably convenient to both parties, (iv) remove any Collateral from any such premises for the purpose of effecting sale or other disposition thereof, and/or (v) without demand and without
advertisement, notice, hearing or process of law, all of which each of the Obligors hereby waives to the fullest extent permitted by law, at any place and time or times, sell and deliver any or all of the Collateral held by or for it at a public or
private sale (which in the case of a private sale of Pledged Equity, may be to a restricted group of purchasers who will be obligated to agree, among other things, to acquire such securities for their own account, for investment and not with a view
to the distribution or resale thereof), at any exchange or broker’s board or elsewhere, by one or more contracts, in one or more parcels, for cash, upon credit or otherwise, at such prices and upon such terms as the Administrative Agent deems
advisable, in its sole discretion (subject to any and all mandatory legal requirements). Each Obligor acknowledges that any such private sale may be at prices and on terms less favorable to the seller than the prices and other terms which might have
been obtained at a public sale and, notwithstanding the foregoing, agrees that such private sale shall be deemed to have been made in a commercially reasonable manner and, in the case of a sale of Pledged Equity, that the Administrative Agent shall
have no obligation to delay sale of any such securities for the period of time necessary to permit the issuer of such securities to register such securities for public sale under the Securities Act of 1933. Neither the Administrative Agent’s
compliance with applicable law nor its disclaimer of warranties relating to the Collateral shall be deemed to adversely affect the commercial reasonableness of any sale. To the extent the rights of notice cannot be legally waived hereunder, each
Obligor agrees that any requirement of reasonable notice shall be met if such notice, specifying the place of any public sale or the time after which any private sale is to be made, is personally served on or mailed, postage prepaid, to the Obligors
in accordance with the notice provisions of Section 10.1 of the Credit Agreement at least ten (10) days before the time of sale or other event giving rise to the requirement of such notice. The Administrative Agent may adjourn any public
or private sale from time to time by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned. Each Obligor further acknowledges and agrees that any
offer to sell any Pledged Equity which has been (i) publicly advertised on a bona fide basis in a newspaper or other publication of general circulation in the financial community of New York, New York (to the extent that such offer may be
advertised without prior registration under the Securities Act of 1933), or (ii) made privately in the manner described above shall be deemed to involve a “public sale” under the UCC, notwithstanding that such sale may not constitute
a “public offering” under the Securities Act of 1933, and the Administrative Agent may, in such event, bid for the purchase of such securities. The Administrative Agent shall not be obligated to make any sale or other disposition of the
Collateral regardless of notice having been given. To the extent permitted by applicable law, any holder of Secured Obligations may be a purchaser at any such sale. To the extent permitted by applicable law, each of the Obligors hereby waives all of
its rights of redemption with respect to any such sale. Subject to the provisions of applicable law, the Administrative Agent may postpone or cause the postponement of the sale of all or any portion of the Collateral by announcement at the time and
place of such sale, and such sale may, without further notice, to the extent permitted by law, be made at the time and place to which the sale was postponed, or the Administrative Agent may further postpone such sale by announcement made at such
time and place. 
 (b) Remedies Relating to Accounts. During the continuance of an Event of Default, whether or not the Administrative
Agent has exercised any or all of its rights and remedies hereunder, (i) each Obligor will promptly upon the request of the Administrative Agent instruct all of its account debtors to remit all payments in respect of Accounts to a mailing
location selected by the Administrative Agent and (ii) the Administrative Agent shall have the right to enforce any Obligor’s rights against its customers and account debtors, and the Administrative Agent or its designee may notify any
Obligor’s customers and account debtors that the Accounts of such Obligor have been assigned to the Administrative Agent or of the Administrative Agent’s security interest therein, and may (either in its own name or in the name of an
Obligor or both) demand, collect (including without limitation by way of a lockbox arrangement), receive, 

  
 10 

 
take receipt for, sell, sue for, compound, settle, compromise and give acquittance for any and all amounts due or to become due on any Account, and, in the Administrative Agent’s discretion,
file any claim or take any other action or proceeding to protect and realize upon the security interest of the holders of the Secured Obligations in the Accounts. Each Obligor acknowledges and agrees that the Proceeds of its Accounts remitted to or
on behalf of the Administrative Agent in accordance with the provisions hereof shall be solely for the Administrative Agent’s own convenience and that such Obligor shall not have any right, title or interest in such Accounts or in any such
other amounts except as expressly provided herein. Neither the Administrative Agent nor the holders of the Secured Obligations shall have any liability or responsibility to any Obligor for acceptance of a check, draft or other order for payment of
money bearing the legend “payment in full” or words of similar import or any other restrictive legend or endorsement or be responsible for determining the correctness of any remittance. Furthermore, during the continuance of an Event of
Default, (i) the Administrative Agent shall have the right, but not the obligation, to make test verifications of the Accounts in any manner and through any medium that it reasonably considers advisable, and the Obligors shall furnish all such
assistance and information as the Administrative Agent may require in connection with such test verifications, (ii) upon the Administrative Agent’s request and at the expense of the Obligors, the Obligors shall use commercially reasonable
efforts to cause independent public accountants or others satisfactory to the Administrative Agent to furnish to the Administrative Agent reports showing reconciliations, aging and test verifications of, and trial balances for, the Accounts and
(iii) upon three (3) Business Days’ prior written notice to the Obligors, the Administrative Agent in its own name or in the name of others may communicate with account debtors on the Accounts to verify with them to the Administrative
Agent’s satisfaction the existence, amount and terms of any Accounts. 
 (c) Deposit Accounts. Upon the occurrence of an Event of
Default and during the continuation thereof, the Administrative Agent may (i) prevent withdrawals or other dispositions of funds in Deposit Accounts (other than Excluded Accounts) maintained with the Administrative Agent and (ii) exercise
control pursuant to any control agreement governing a Deposit Account (other than Excluded Accounts) not maintained with the Administrative Agent. 

(d) Access. In addition to the rights and remedies hereunder, during the continuance of an Event of Default, the Administrative Agent
shall have the right to peaceably enter and remain upon the various premises of the Obligors without cost or charge to the Administrative Agent, and use the same, together with materials, supplies, books and records of the Obligors for the purpose
of collecting and liquidating the Collateral, or for preparing for sale and conducting the sale of the Collateral, whether by foreclosure, auction or otherwise. In addition, the Administrative Agent may remove Collateral, or any part thereof, from
such premises and/or any records with respect thereto, in order to effectively collect or liquidate such Collateral. 
 (e) Nonexclusive
Nature of Remedies. Failure by the Administrative Agent or the holders of the Secured Obligations to exercise any right, remedy or option under this Agreement, any other Loan Document, any other document relating to the Secured Obligations, or
as provided by law, or any delay by the Administrative Agent or the holders of the Secured Obligations in exercising the same, shall not operate as a waiver of any such right, remedy or option. No waiver hereunder shall be effective unless it is in
writing, signed by the party against whom such waiver is sought to be enforced and then only to the extent specifically stated, which in the case of the Administrative Agent or the holders of the Secured Obligations shall only be granted as provided
herein. To the extent permitted by law, neither the Administrative Agent, the holders of the Secured Obligations, nor any party acting as attorney for the Administrative Agent or the holders of the Secured Obligations, shall be liable hereunder for
any acts or omissions or for any error of judgment or mistake of fact or law other than their bad faith, gross negligence, willful misconduct or a material breach of the Administrative Agent’s or such holder’s obligations hereunder. The
rights and remedies of the Administrative Agent and the holders of the Secured Obligations under this Agreement shall be cumulative and not exclusive of any other right or remedy which the Administrative Agent or the holders of the Secured
Obligations may have. 

  
 11 

 (f) Retention of Collateral. In addition to the rights and remedies hereunder, the
Administrative Agent may, in compliance with Sections 9-620 and 9-621 of the UCC or otherwise complying with the requirements of applicable law of the relevant
jurisdiction, accept or retain the Collateral in satisfaction of the Secured Obligations. Unless and until the Administrative Agent shall have provided such notices, however, the Administrative Agent shall not be deemed to have retained any
Collateral in satisfaction of any Secured Obligations for any reason. 
 (g) Deficiency. In the event that the proceeds of any sale,
collection or realization are insufficient to pay all amounts to which the Administrative Agent or the holders of the Secured Obligations are legally entitled, the Obligors shall be jointly and severally liable for the deficiency, together with
interest thereon at the rate provided for Default Interest in the Credit Agreement, together with, subject to the limitations set forth in Section 10.3 of the Credit Agreement, the costs of collection and the fees, charges and disbursements of
counsel. Any surplus remaining after the full payment and satisfaction of the Secured Obligations shall be returned to the Obligors or to whomsoever a court of competent jurisdiction shall determine to be entitled thereto. Notwithstanding any
provision to the contrary contained herein, in any of the other Loan Documents or in any other documents relating to the Secured Obligations, the obligations of each Obligor under the Credit Agreement and the other Loan Documents shall be limited to
an aggregate amount equal to the largest amount that would not render such obligations subject to avoidance under Section 548 of the Bankruptcy Code of the United States or any other applicable Debtor Relief Law (including any comparable
provisions of any applicable state law). 
 8. Rights of the Administrative Agent. 

(a) Power of Attorney. In addition to other powers of attorney contained herein, each Obligor hereby designates and appoints the
Administrative Agent, on behalf of the holders of the Secured Obligations, and each of its designees or agents, as attorney-in-fact of such Obligor, irrevocably and with
power of substitution, with authority to take any or all of the following actions during the continuance of an Event of Default: 

(i) to demand, collect, settle, compromise, adjust, give discharges and releases, all as the Administrative Agent may
reasonably determine; 
 (ii) to commence and prosecute any actions at any court for the purposes of collecting any
Collateral and enforcing any other right in respect thereof; 
 (iii) to defend, settle or compromise any action brought and,
in connection therewith, give such discharge or release as the Administrative Agent may deem reasonably appropriate; 
 (iv)
to receive, open and dispose of mail addressed to an Obligor and endorse checks, notes, drafts, acceptances, money orders, bills of lading, warehouse receipts or other instruments or documents evidencing payment, shipment or storage of the Goods
giving rise to the Collateral of such Obligor on behalf of and in the name of such Obligor, or securing, or relating to such Collateral; 

(v) to sell, assign, transfer, make any agreement in respect of, or otherwise deal with or exercise rights in respect of, any
Collateral or the Goods or services which have given rise thereto, as fully and completely as though the Administrative Agent were the absolute owner thereof for all purposes; 

  
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 (vi) to adjust and settle claims under any insurance policy relating
thereto; 
 (vii) to execute and deliver all assignments, conveyances, statements, financing statements, renewal financing
statements, security agreements, affidavits, notices and other agreements, instruments and documents that the Administrative Agent may reasonably determine necessary in order to perfect and maintain the security interests and liens granted in this
Agreement and in order to fully consummate all of the transactions contemplated herein; 
 (viii) to institute any
foreclosure proceedings that the Administrative Agent may deem appropriate; 
 (ix) to sign and endorse any drafts,
assignments, proxies, stock powers, verifications, notices and other documents relating to the Collateral; 
 (x) to exchange
any of the Pledged Equity or other property upon any merger, consolidation, reorganization, recapitalization or other readjustment of the issuer thereof and, in connection therewith, deposit any of the Pledged Equity with any committee, depository,
transfer agent, registrar or other designated agency upon such terms as the Administrative Agent may reasonably deem appropriate; 

(xi) upon prior written notice to the Obligors, to vote for a shareholder resolution, or to sign an instrument in writing,
sanctioning the transfer of any or all of the Pledged Equity into the name of the Administrative Agent or one or more of the holders of the Secured Obligations or into the name of any transferee to whom the Pledged Equity or any part thereof may be
sold pursuant and subject to Section 7 hereof; 
 (xii) to pay or discharge taxes, liens, security
interests or other encumbrances levied or placed on or threatened against the Collateral; 
 (xiii) to direct any parties
liable for any payment in connection with any of the Collateral to make payment of any and all monies due and to become due thereunder directly to the Administrative Agent or as the Administrative Agent shall direct; 

(xiv) to receive payment of and receipt for any and all monies, claims, and other amounts due and to become due at any time in
respect of or arising out of any Collateral; and 
 (xv) to do and perform all such other acts and things as the
Administrative Agent may reasonably deem to be necessary, proper or convenient to accomplish the purposes of the Loan Documents. 
 This
power of attorney is a power coupled with an interest and shall be irrevocable until such time as the Secured Obligations arising under the Loan Documents have been paid in full and the Commitments have expired or been terminated. The Administrative
Agent shall be under no duty to exercise or withhold the exercise of any of the rights, powers, privileges and options expressly or implicitly granted to the Administrative Agent in this Agreement, and shall not be liable for any failure to do so or
any delay in doing so. The Administrative Agent shall not be liable for any act or omission or for any error of judgment or any mistake of fact or law in its individual capacity or its capacity as attorney-in-fact except acts or omissions resulting from its bad faith, gross negligence, willful misconduct or a material breach of its obligations hereunder. This power of attorney is conferred on the
Administrative Agent solely to protect, preserve and realize upon its security interest in the Collateral. 

  
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 (b) Assignment by the Administrative Agent. The Administrative Agent may from time to
time assign the Secured Obligations to a successor Administrative Agent appointed in accordance with the Credit Agreement, and such successor shall be entitled to all of the rights and remedies of the Administrative Agent under this Agreement in
relation thereto. 
 (c) The Administrative Agent’s Duty of Care. Other than the exercise of reasonable care to assure the safe
custody of the Collateral while being held by the Administrative Agent hereunder, the Administrative Agent shall have no duty or liability to preserve rights pertaining thereto, it being understood and agreed that the Obligors shall be responsible
for preservation of all rights in the Collateral, and the Administrative Agent shall be relieved of all responsibility for the Collateral upon surrendering it or tendering the surrender of it to the Obligors. The Administrative Agent shall be deemed
to have exercised reasonable care in the custody and preservation of the Collateral in its possession if the Collateral is accorded treatment substantially equal to that which the Administrative Agent accords its own property, which shall be no less
than the treatment employed by a reasonable and prudent agent in the industry, it being understood that the Administrative Agent shall not have responsibility for taking any necessary steps to preserve rights against any parties with respect to any
of the Collateral. In the event of a public or private sale of Collateral pursuant to Section 7 hereof, the Administrative Agent shall have no responsibility for (i) ascertaining or taking action with respect to calls,
conversions, exchanges, maturities, tenders or other matters relating to any Collateral, whether or not the Administrative Agent has or is deemed to have knowledge of such matters, or (ii) taking any steps to clean, repair or otherwise prepare
the Collateral for sale. 
 (d) Liability with Respect to Accounts. Anything herein to the contrary notwithstanding, each of the
Obligors shall remain liable under each of the Accounts to observe and perform all the conditions and obligations to be observed and performed by it thereunder, all in accordance with the terms of any agreement giving rise to each such Account.
Neither the Administrative Agent nor any holder of Secured Obligations shall have any obligation or liability under any Account (or any agreement giving rise thereto) by reason of or arising out of this Agreement or the receipt by the Administrative
Agent or any holder of Secured Obligations of any payment relating to such Account pursuant hereto, nor shall the Administrative Agent or any holder of Secured Obligations be obligated in any manner to perform any of the obligations of an Obligor
under or pursuant to any Account (or any agreement giving rise thereto), to make any payment, to make any inquiry as to the nature or the sufficiency of any payment received by it or as to the sufficiency of any performance by any party under any
Account (or any agreement giving rise thereto), to present or file any claim, to take any action to enforce any performance or to collect the payment of any amounts which may have been assigned to it or to which it may be entitled at any time or
times. 
 (e) Voting and Payment Rights in Respect of the Pledged Equity. 

(i) So long as no Event of Default shall exist, each Obligor may (A) exercise any and all voting and other consensual
rights pertaining to the Pledged Equity of such Obligor or any part thereof for any purpose not inconsistent with the terms of this Agreement or the Credit Agreement and (B) receive and retain any and all dividends (other than stock dividends
and other dividends constituting Collateral which are addressed hereinabove), principal or interest paid in respect of the Pledged Equity to the extent they are allowed under the Credit Agreement; and 

(ii) During the continuance of an Event of Default and upon one (1) Business Day’s prior written notice to the
Obligors, (A) all rights of an Obligor to exercise the voting and other consensual rights which it would otherwise be entitled to exercise pursuant to clause (i)(A) above shall cease and all such rights shall thereupon become vested in
the Administrative Agent which shall then have the sole right to exercise such voting and other consensual rights, (B) all rights of an Obligor to receive the dividends, principal and interest payments which it would otherwise be authorized to
receive and retain pursuant to clause (i)(B) above shall cease and all such rights 

  
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shall thereupon be vested in the Administrative Agent which shall then have the sole right to receive and hold as Collateral such dividends, principal and interest payments, and (C) all
dividends, principal and interest payments which are received by an Obligor contrary to the provisions of clause (ii)(B) above shall be received in trust for the benefit of the Administrative Agent, shall be segregated from other property or
funds of such Obligor, and shall be forthwith paid over to the Administrative Agent as Collateral in the exact form received, to be held by the Administrative Agent as Collateral and as further collateral security for the Secured Obligations. Upon
the cure or waiver of such Event of Default in accordance with the terms of the Credit Agreement, the Administrative Agent shall as soon reasonably practicable repay to each Obligor all dividends, interest, principal or other distributions received
by the Administrative Agent pursuant to this clause (ii) that such Obligor would otherwise have been permitted to retain pursuant to the terms of clause (i) above that (x) were not applied to repay the Obligations in
accordance with the Credit Agreement and other Loan Documents and (y) that the Administrative Agent is not otherwise required to hold for the repayment of the Obligations in accordance with the Credit Agreement and other Loan Documents. 

(f) Releases of Collateral. (i) If any Collateral shall be sold, transferred or otherwise disposed of by any Obligor in a
transaction permitted by the Credit Agreement, the Administrative Agent, at the request and sole expense of such Obligor, shall promptly execute and deliver to such Obligor all releases and other documents, and take such other action, reasonably
necessary to evidence such release of the Liens created hereby or by any other Collateral Document on such Collateral. (ii) The Administrative Agent may release any of the Pledged Equity from this Agreement or may substitute any of the Pledged
Equity for other Pledged Equity without altering, varying or diminishing in any way the force, effect, lien, pledge or security interest of this Agreement as to any Pledged Equity not expressly released or substituted, and this Agreement shall
continue as a lien on all Pledged Equity not expressly released or substituted. 
 9. Application of Proceeds. Upon the acceleration
of the Obligations under the Loan Documents pursuant to Section 8.1 of the Credit Agreement, any payments in respect of the Secured Obligations and any proceeds of the Collateral, when received by the Administrative Agent or any holder of the
Secured Obligations in Money or its equivalent, will be applied in reduction of the Secured Obligations in the order set forth in Section 8.2 of the Credit Agreement. 

10. Continuing Agreement. 

(a) This Agreement shall remain in full force and effect until such time as the Secured Obligations arising under the Loan Documents have been
paid in full and the Commitments have expired or been terminated, at which time this Agreement and the liens and security interests of the Administrative Agent hereunder shall be automatically terminated and the Administrative Agent shall, upon the
request and at the expense of the Obligors, forthwith execute and deliver all UCC termination statements and/or other documents reasonably requested by the Obligors evidencing such termination and/or release. 

(b) This Agreement shall continue to be effective or be automatically reinstated, as the case may be, if at any time payment, in whole or in
part, of any of the Secured Obligations is rescinded or must otherwise be restored or returned by the Administrative Agent or any holder of the Secured Obligations as a preference, fraudulent conveyance or otherwise under any Debtor Relief Law, all
as though such payment had not been made; provided that in the event payment of all or any part of the Secured Obligations is rescinded or must be restored or returned, but subject to the limitations of Section 10.3 of the Credit
Agreement, all reasonable costs and expenses (including without limitation any reasonable legal fees and disbursements) incurred by the Administrative Agent or any holder of the Secured Obligations in defending and enforcing such reinstatement shall
be deemed to be included as a part of the Secured Obligations. 

  
 15 

 11. Amendments; Waivers; Modifications, Etc. This Agreement and the provisions hereof
may not be amended, waived, modified, changed, discharged or terminated except as set forth in Section 10.2 of the Credit Agreement; provided that any update or revision to Schedule 2 hereof delivered by any Obligor shall not constitute
an amendment for purposes of this Section 11 or Section 10.2 of the Credit Agreement. 
 12. Successors in
Interest. This Agreement shall be binding upon each Obligor, its successors and assigns and shall inure, together with the rights and remedies of the Administrative Agent and the holders of the Secured Obligations hereunder, to the benefit of
the Administrative Agent and the holders of the Secured Obligations and their successors and permitted assigns. 
 13. Notices. All
notices required or permitted to be given under this Agreement shall be in conformance with Section 10.1 of the Credit Agreement. 

14. Counterparts. This Agreement may be executed by one or more of the parties to this Agreement on any number of separate counterparts
(including by telecopy), and all of said counterparts taken together shall be deemed to constitute one and the same instrument. It shall not be necessary in making proof of this Agreement to produce or account for more than one such counterpart.
Delivery of an executed counterpart of a signature page of this Agreement by facsimile transmission or by any other electronic imaging means (including .pdf), shall be effective as delivery of a manually executed counterpart of this Agreement. 

15. Headings. The headings of the sections hereof are provided for convenience only and shall not in any way affect the meaning or
construction of any provision of this Agreement. 
 16. Governing Law; Submission to Jurisdiction; Venue; WAIVER OF JURY TRIAL. The
terms of Sections 10.5 and 10.6 of the Credit Agreement with respect to governing law, submission to jurisdiction, venue, consent to service of process and waiver of jury trial are incorporated herein by reference, mutatis mutandis, and the
parties hereto agree to such terms. 
 17. Severability. If any provision of this Agreement is held to be illegal, invalid or
unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this Agreement shall not be affected or impaired thereby and (b) the parties shall endeavor in good faith negotiations to replace the illegal,
invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions. The invalidity of a provision in a particular jurisdiction shall not
invalidate or render unenforceable such provision in any other jurisdiction. 
 18. Entirety. This Agreement, the other Loan
Documents, and any separate letter agreements with respect to fees payable to the Administrative Agent or the Issuing Bank, constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous
agreements and understandings, oral or written, relating to the subject matter hereof. 
 19. Other Security. To the extent that any
of the Secured Obligations are now or hereafter secured by property other than the Collateral (including, without limitation, real property and securities owned by an Obligor), or by a guarantee, endorsement or property of any other Person, then the
Administrative Agent shall have the right to proceed against such other property, guarantee or endorsement during the continuance of any Event of Default, and the Administrative Agent shall have the right, in its sole discretion, to determine which
rights, security, liens, security interests or remedies the Administrative Agent shall at any time pursue, relinquish, subordinate, modify or take with respect thereto, without in any way modifying or affecting any of them or the Secured Obligations
or any of the rights of the Administrative Agent or the holders of the Secured Obligations under this Agreement, under any other of the Loan Documents or under any other document relating to the Secured Obligations. 

  
 16 

 20. Joinder. At any time after the date of this Agreement, one or more additional
Persons may become party hereto by executing and delivering to the Administrative Agent a Guarantor Joinder Agreement. Immediately upon such execution and delivery of such Guarantor Joinder Agreement (and without any further action), each such
additional Person will become a party to this Agreement as an “Obligor” and have all of the rights and obligations of an Obligor hereunder and this Agreement and the schedules hereto shall be deemed amended by such Guarantor Joinder
Agreement. 
 21. Joint and Several Obligations of Obligors. 

(a) Subject to Section 21(c), each of the Obligors is accepting joint and several liability hereunder, in
consideration of the financial accommodation to be provided by the holders of the Obligations, of each of the Obligors and in consideration of the undertakings of each of the Obligors to accept joint and several liability for the obligations of each
of them. 
 (b) Subject to Section 21(c), each of the Obligors jointly and severally hereby irrevocably and
unconditionally accepts, not merely as a surety but also as a co-debtor, joint and several liability with the other Obligors with respect to the payment and performance of all of the Secured Obligations
arising under this Agreement, the other Loan Documents and any other documents relating to the Secured Obligations, it being the intention of the parties hereto that all the Secured Obligations shall be the joint and several obligations of each of
the Obligors without preferences or distinction among them. 
 (c) Notwithstanding any provision to the contrary contained herein, in any
other of the Loan Documents or in any other documents relating to the Secured Obligations, the obligations of each Guarantor under the Credit Agreement, the other Loan Documents and the other documents relating to the Secured Obligations shall be
limited to an aggregate amount equal to the largest amount that would not render such obligations subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provisions of any other Debtor Relief Law. 

22. Consent of Issuers of Pledged Equity. Each issuer of Pledged Equity party to this Agreement hereby acknowledges, consents and
agrees to the grant of the security interests in such Pledged Equity by the applicable Obligors pursuant to this Agreement, together with all rights accompanying such security interests as provided by this Agreement and applicable law,
notwithstanding any anti-assignment provisions in any operating agreement, limited partnership agreement or similar organizational or governance documents of such issuer. 

[SIGNATURE PAGES FOLLOW] 

  
 17 

 Each of the parties hereto has caused a counterpart of this Agreement to be duly executed and delivered as
of the date first above written. 
  

							
	OBLIGORS:	 		 	AARON’S, LLC,
		 		 	a Georgia limited liability company
				
		 		 	By:	 	 
		 		 	Name:	 	
		 		 	Title:	 	
			
		 		 	 AARON’S SPINCO, INC.,
 a
Georgia corporation

				
		 		 	By:	 	 
		 		 	Name:	 	
		 		 	Title:	 	
			
		 		 	[TBD],8
				
		 		 	By:	 	 
		 		 	Name:	 	
		 		 	Title:	 	

  

	8	 To include all Subsidiary Guarantors at the time of entry into the Agreement. 

AARON’S, LLC 
 SECURITY AND
PLEDGE AGREEMENT 

 Accepted and agreed to as of the date first written above. 

 

			
	TRUIST BANK, as Administrative Agent
		
	By:	 	 
	Name:	 	
	Title:	 	

 AARON’S, LLC 

SECURITY AND PLEDGE AGREEMENT 

 EXHIBIT 4(a) 

IRREVOCABLE [STOCK][UNIT] POWER 
 FOR VALUE
RECEIVED, the undersigned hereby sells, assigns and transfers to: 
  

 
 the following equity interests of
____________________, a _________ [corporation][limited liability company]: 
 No. of Shares ____________    Certificate
No. ______________ 
 and irrevocably appoints ______________ its agent and
attorney-in-fact to transfer all or any part of such equity interests and to take all necessary and appropriate action to effect any such transfer. The agent and attorney-in-fact may substitute and appoint one or more persons to act for him. 

Dated: ____________, 20___ 
  

			
	  

		
	By:	 	
                     
                   

	Name:	 	  

	Title:	 	  

 EXHIBIT 4(b)(i) 

NOTICE 
 OF 

GRANT OF SECURITY INTEREST 
 IN

 COPYRIGHTS 
 United States Copyright Office

 Ladies and Gentlemen: 
 Please be advised
that pursuant to the Security and Pledge Agreement dated as of [     ] (as the same may be amended, modified, extended or restated from time to time, the “Agreement”) by and among the Obligors party
thereto (each an “Obligor” and collectively, the “Obligors”) and Truist Bank, as Administrative Agent (the “Administrative Agent”) for the holders of the Secured Obligations referenced therein, the
undersigned Obligor has granted a continuing security interest in and continuing lien upon the copyrights and copyright applications set forth on Schedule 1 hereto to the Administrative Agent for the ratable benefit of the holders of the Secured
Obligations. 
 The undersigned Obligor and the Administrative Agent, on behalf of the holders of the Secured Obligations, hereby
acknowledge and agree that the security interest in the foregoing copyrights and copyright applications (i) may only be terminated in accordance with the terms of the Agreement and (ii) is not to be construed as an assignment of any
copyright or copyright application. 
  

			
	Very truly yours,
	  

	[Obligor]
		
	By:	 	
                    

	Name:	 	
	Title:	 	
	
	[Address]

			
	
	Acknowledged and Accepted:
	
	TRUIST BANK, as Administrative Agent
		
	By:	 	
                     
   

	Name:	 	
	Title:	 	
	
	[Address]

 EXHIBIT 4(b)(ii) 

NOTICE 
 OF 

GRANT OF SECURITY INTEREST 
 IN

 PATENTS 
 United States Patent and Trademark
Office 
 Ladies and Gentlemen: 
 Please be
advised that pursuant to the Security and Pledge Agreement dated as of [     ] (as the same may be amended, modified, extended or restated from time to time, the “Agreement”) by and among the Obligors
party thereto (each an “Obligor” and collectively, the “Obligors”) and Truist Bank, as Administrative Agent (the “Administrative Agent”) for the holders of the Secured Obligations referenced
therein, the undersigned Obligor has granted a continuing security interest in and continuing lien upon the patents and patent applications set forth on Schedule 1 hereto to the Administrative Agent for the ratable benefit of the holders of the
Secured Obligations. 
 The undersigned Obligor and the Administrative Agent, on behalf of the holders of the Secured Obligations, hereby
acknowledge and agree that the security interest in the foregoing patents and patent applications (i) may only be terminated in accordance with the terms of the Agreement and (ii) is not to be construed as an assignment of any patent or
patent application. 
  

			
	Very truly yours,
	  

	[Obligor]
		
	By:	 	
                     
                   

	Name:
	Title:
	
	[Address]

			
	
	Acknowledged and Accepted:
	
	TRUIST BANK, as Administrative Agent
		
	By:	 	
                     
   

	Name:
	Title:
	
	[Address]

 EXHIBIT 4(b)(iii) 

NOTICE 
 OF 

GRANT OF SECURITY INTEREST 
 IN

 TRADEMARKS 
 United States Patent and
Trademark Office 
 Ladies and Gentlemen: 

Please be advised that pursuant to the Security and Pledge Agreement dated as of [     ] (as the same may be
amended, modified, extended or restated from time to time, the “Agreement”) by and among the Obligors party thereto (each an “Obligor” and collectively, the “Obligors”) and Truist Bank, as
Administrative Agent (the “Administrative Agent”) for the holders of the Secured Obligations referenced therein, the undersigned Obligor has granted a continuing security interest in and continuing lien upon the trademarks and
trademark applications set forth on Schedule 1 hereto to the Administrative Agent for the ratable benefit of the holders of the Secured Obligations. 

The undersigned Obligor and the Administrative Agent, on behalf of the holders of the Secured Obligations, hereby acknowledge and agree that
the security interest in the foregoing trademarks and trademark applications (i) may only be terminated in accordance with the terms of the Agreement and (ii) is not to be construed as an assignment of any trademark or trademark
application. 
  

			
	Very truly yours,
	  

	[Obligor]
		
	By:	 	
                    

	Name:
	Title:
	
	[Address]

			
	
	Acknowledged and Accepted:
	
	TRUIST BANK, as Administrative Agent
		
	By:	 	
                     
   

	Name:
	Title:
	
	[Address]EX-10.6

 Exhibit 10.6 

EXECUTION VERSION 

LOAN FACILITY AGREEMENT 

AND GUARANTY 
 by and among

 AARON’S, LLC, 

THE AARON’S COMPANY, INC. 

(f/k/a AARON’S SPINCO, INC.), 

TRUIST BANK, as Servicer 

and 
 EACH OF THE PARTICIPANTS
PARTY HERETO 
 Dated as of November 17, 2020 

TRUIST SECURITIES, INC., 

BANK OF AMERICA, N.A., 
 and

 JPMORGAN CHASE BANK, N.A., 

as Joint Lead Arrangers and Joint Bookrunners 

 Table of Contents 

 

							
	 ARTICLE I DEFINITIONS 
	  	 	1	 
			
	 Section 1.1
	 	Definitions	  	 	1	 
	 Section 1.2
	 	Accounting Terms and Determination	  	 	34	 
	 Section 1.3
	 	Times of Day	  	 	34	 
	 Section 1.4
	 	Other Definitional Terms	  	 	34	 
	 Section 1.5
	 	Exhibits and Schedules	  	 	35	 
		
	 ARTICLE II LOAN FACILITY 
	  	 	35	 
			
	 Section 2.1
	 	Establishment of Facility Commitment; Terms of Loans	  	 	35	 
	 Section 2.2
	 	Conveyance of Participant’s Interest	  	 	39	 
	 Section 2.3
	 	Funding of Advances; Swing Line; Funding of Participant’s Interest in Loans	  	 	39	 
	 Section 2.4
	 	Participant Commitment Fees	  	 	41	 
	 Section 2.5
	 	Interest on Funded Participations	  	 	41	 
	 Section 2.6
	 	Default Interest	  	 	43	 
	 Section 2.7
	 	Voluntary Reduction of the Unutilized Commitment	  	 	43	 
	 Section 2.8
	 	Extension of Commitments	  	 	44	 
	 Section 2.9
	 	Wind-Down Events	  	 	45	 
	 Section 2.10
	 	Reserve Requirements; Change in Circumstances; Change in Lending Offices	  	 	45	 
	 Section 2.11
	 	Pro Rata Treatment	  	 	46	 
	 Section 2.12
	 	Payments	  	 	46	 
	 Section 2.13
	 	Sharing of Setoffs	  	 	47	 
	 Section 2.14
	 	Canadian Dollar Provisions	  	 	47	 
	 Section 2.15
	 	Excess Loan Commitments Resulting From Exchange Rate Changes	  	 	48	 
	 Section 2.16
	 	Interest Act	  	 	49	 
	 Section 2.17
	 	Reallocation and Cash Collateralization of Defaulting Participant Exposure	  	 	49	 
		
	 ARTICLE III SERVICER’S SERVICING OBLIGATIONS; DISTRIBUTION OF PAYMENTS

	  	 	50	 
			
	 Section 3.1
	 	Servicer’s Obligations with Respect to Loans; Collateral; Non-Recourse	  	 	50	 
	 Section 3.2
	 	Application of Payments	  	 	51	 
	 Section 3.3
	 	Monthly Servicing Report	  	 	52	 
		
	 ARTICLE IV LOAN DEFAULT; RIGHT TO MAKE GUARANTY DEMAND 
	  	 	52	 
			
	 Section 4.1
	 	Notice Of Loan Defaults	  	 	52	 
	 Section 4.2
	 	Waiver or Cure By The Sponsor of Covenant Defaults and Loan Payment Defaults	  	 	53	 
	 Section 4.3
	 	[Reserved]	  	 	53	 
	 Section 4.4
	 	Rights during Response Period	  	 	53	 
	 Section 4.5
	 	Rights after Response Period and for Loan Defaults other than Loan Payment Defaults	  	 	53	 
		
	 ARTICLE V REPRESENTATIONS AND WARRANTIES 
	  	 	54	 
			
	 Section 5.1
	 	Existence; Power	  	 	54	 
	 Section 5.2
	 	Organizational Power; Authorization	  	 	54	 
	 Section 5.3
	 	Governmental Approvals; No Conflicts	  	 	54	 

  
 i 

							
	 Section 5.4
	 	Financial Statements	  	 	54	 
	 Section 5.5
	 	Litigation and Environmental Matters	  	 	54	 
	 Section 5.6
	 	Compliance with Laws and Agreements	  	 	55	 
	 Section 5.7
	 	Investment Company Act, Etc.	  	 	55	 
	 Section 5.8
	 	Taxes	  	 	55	 
	 Section 5.9
	 	Margin Regulations	  	 	55	 
	 Section 5.10
	 	ERISA	  	 	55	 
	 Section 5.11
	 	Ownership of Property	  	 	55	 
	 Section 5.12
	 	Disclosure	  	 	56	 
	 Section 5.13
	 	Labor Relations	  	 	56	 
	 Section 5.14
	 	Subsidiaries	  	 	56	 
	 Section 5.15
	 	Representations and Warranties with Respect to Specific Loans	  	 	56	 
	 Section 5.16
	 	Solvency	  	 	57	 
	 Section 5.17
	 	Anti-Corruption Laws and Sanctions	  	 	57	 
	 Section 5.18
	 	No Affected Financial Institutions	  	 	57	 
	 Section 5.19
	 	Inactive Subsidiaries	  	 	57	 
	 Section 5.20
	 	Collateral Representations	  	 	58	 
		
	 ARTICLE VI AFFIRMATIVE COVENANTS 
	  	 	58	 
			
	 Section 6.1
	 	Financial Statements and Other Information	  	 	58	 
	 Section 6.2
	 	Notices of Material Events	  	 	60	 
	 Section 6.3
	 	Existence; Conduct of Business	  	 	60	 
	 Section 6.4
	 	Compliance with Laws, Etc.	  	 	61	 
	 Section 6.5
	 	Payment of Obligations	  	 	61	 
	 Section 6.6
	 	Books and Records	  	 	61	 
	 Section 6.7
	 	Visitation, Inspection, Etc.	  	 	61	 
	 Section 6.8
	 	Maintenance of Properties; Insurance	  	 	61	 
	 Section 6.9
	 	Use of Proceeds	  	 	62	 
	 Section 6.10
	 	Additional Subsidiaries	  	 	62	 
	 Section 6.11
	 	Further Assurances	  	 	63	 
	 Section 6.12
	 	Collateral	  	 	63	 
	 Section 6.13
	 	Additional Real Estate	  	 	64	 
	 Section 6.14
	 	Designation of Subsidiaries	  	 	65	 
		
	 ARTICLE VII FINANCIAL COVENANTS 
	  	 	66	 
			
	 Section 7.1
	 	Total Net Debt to EBITDA Ratio	  	 	66	 
	 Section 7.2
	 	Fixed Charge Coverage Ratio	  	 	66	 
		
	 ARTICLE VIII NEGATIVE COVENANTS 
	  	 	66	 
			
	 Section 8.1
	 	Indebtedness	  	 	66	 
	 Section 8.2
	 	Negative Pledge	  	 	68	 
	 Section 8.3
	 	Fundamental Changes	  	 	69	 
	 Section 8.4
	 	Investments, Loans, Etc.	  	 	70	 
	 Section 8.5
	 	Restricted Payments	  	 	71	 
	 Section 8.6
	 	Sale of Assets	  	 	72	 
	 Section 8.7
	 	Transactions with Affiliates	  	 	72	 
	 Section 8.8
	 	Restrictive Agreements	  	 	72	 
	 Section 8.9
	 	Sale and Leaseback Transactions	  	 	73	 
	 Section 8.10
	 	Legal Name, State of Formation and Form of Entity	  	 	73	 
	 Section 8.11
	 	Accounting Changes	  	 	73	 
	 Section 8.12
	 	Hedging Transactions	  	 	73	 

  
 ii 

							
	 Section 8.13
	 	Activities of Inactive Subsidiaries	  	 	73	 
	 Section 8.14
	 	Government Regulation	  	 	73	 
	 Section 8.15
	 	Ownership of Subsidiaries	  	 	73	 
	 Section 8.16
	 	Amendment of Organizational Documents	  	 	74	 
	 Section 8.17
	 	Activities of Holdings	  	 	74	 
		
	 ARTICLE IX CREDIT EVENTS AND REMEDIES 
	  	 	74	 
		
	 ARTICLE X GUARANTY 
	  	 	77	 
			
	 Section 10.1
	 	Unconditional Guaranty	  	 	77	 
	 Section 10.2
	 	Continuing Guaranty	  	 	78	 
	 Section 10.3
	 	Waivers	  	 	78	 
	 Section 10.4
	 	Additional Actions	  	 	78	 
	 Section 10.5
	 	Additional Waivers	  	 	78	 
	 Section 10.6
	 	Postponement of Obligations	  	 	79	 
	 Section 10.7
	 	Effect on Additional Guaranties	  	 	79	 
	 Section 10.8
	 	Reliance on Guaranty and Purchase Obligation; Disclaimer of Liability	  	 	79	 
	 Section 10.9
	 	Reinstatement of Obligations	  	 	80	 
	 Section 10.10
	 	Right to Bring Separate Action	  	 	80	 
	 Section 10.11
	 	Subordination of Liens	  	 	80	 
	 Section 10.12
	 	Exercise of Remedies With Respect to Collateral	  	 	80	 
	 Section 10.13
	 	Rights Of Sponsor Upon Payment; Cooperation By Servicer	  	 	81	 
		
	 ARTICLE XI INDEMNIFICATION 
	  	 	82	 
			
	 Section 11.1
	 	Indemnification	  	 	82	 
	 Section 11.2
	 	Notice Of Proceedings; Right To Defend	  	 	83	 
	 Section 11.3
	 	Third Party Beneficiaries	  	 	84	 
		
	 ARTICLE XII SURVIVAL OF LOAN FACILITY 
	  	 	84	 
		
	 ARTICLE XIII CONDITIONS PRECEDENT TO EFFECTIVENESS 
	  	 	84	 
			
	 Section 13.1
	 	Conditions to Effectiveness	  	 	84	 
	 Section 13.2
	 	Conditions to Funding Availability Date	  	 	85	 
		
	 ARTICLE XIV THE SERVICER 
	  	 	86	 
			
	 Section 14.1
	 	Appointment of Servicer as Agent	  	 	86	 
	 Section 14.2
	 	Nature of Duties of Servicer	  	 	86	 
	 Section 14.3
	 	Lack of Reliance on the Servicer	  	 	87	 
	 Section 14.4
	 	Certain Rights of the Servicer	  	 	87	 
	 Section 14.5
	 	Reliance by Servicer	  	 	87	 
	 Section 14.6
	 	Indemnification of Servicer	  	 	87	 
	 Section 14.7
	 	The Servicer in its Individual Capacity	  	 	87	 
	 Section 14.8
	 	Holders of Participation Certificates	  	 	88	 
	 Section 14.9
	 	Collateral and Guaranty Matters	  	 	88	 
	 Section 14.10
	 	Right to Realize on Credit Party Collateral and Enforce Guarantee	  	 	88	 
		
	 ARTICLE XV MISCELLANEOUS 
	  	 	89	 
			
	 Section 15.1
	 	Notices	  	 	89	 
	 Section 15.2
	 	Amendments, Etc.	  	 	91	 
	 Section 15.3
	 	No Waiver; Remedies Cumulative	  	 	91	 
	 Section 15.4
	 	Payment of Expenses, Etc.	  	 	92	 
	 Section 15.5
	 	Right of Setoff	  	 	92	 

  
 iii 

							
	 Section 15.6
	 	Benefit of Agreement; Assignments; Participations	  	 	92	 
	 Section 15.7
	 	Governing Law; Submission to Jurisdiction	  	 	94	 
	 Section 15.8
	 	Counterparts	  	 	94	 
	 Section 15.9
	 	Severability	  	 	94	 
	 Section 15.10
	 	Independence of Covenants	  	 	94	 
	 Section 15.11
	 	No Joint Venture	  	 	94	 
	 Section 15.12
	 	Repurchase Right	  	 	95	 
	 Section 15.13
	 	Confidentiality	  	 	95	 
	 Section 15.14
	 	Headings Descriptive; Entire Agreement	  	 	96	 
	 Section 15.15
	 	Patriot Act	  	 	96	 
	 Section 15.16
	 	Acknowledgment and Consent to Bail-In of Affected Financial Institutions	  	 	96	 
	 Section 15.17
	 	Certain ERISA Matters	  	 	96	 
	 Section 15.18
	 	Acknowledgement Regarding any Supported QFCs	  	 	98	 

  
 iv 

					
	EXHIBITS	  		  	
			
	Exhibit A	  	-	  	Form of Assignment and Acceptance Agreement
	Exhibit B	  	-	  	Form of Canadian Loan Agreement
	Exhibit C	  	-	  	Form of US Loan Agreement
	Exhibit D	  	-	  	Form of Guaranty Agreement
	Exhibit E	  	-	  	Form of Participation Certificate
	Exhibit F	  	-	  	Form of Monthly Servicing Report
	Exhibit G	  	-	  	Form of Security Agreement
			
	SCHEDULES	  		  	
			
	Schedule 1.1(a)	  	-	  	Pricing Grid
	Schedule 1.1(b)	  	-	  	Participant Commitments
	Schedule 1.1(c)	  	-	  	Progressive Finance Subsidiaries
	Schedule 1.1(d)	  	-	  	Inactive Subsidiaries
	Schedule 5.14	  	-	  	Subsidiaries
	Schedule 8.1	  	-	  	Outstanding Indebtedness
	Schedule 8.2	  	-	  	Existing Liens
	Schedule 8.4	  	-	  	Existing Investments

  
 v 

 LOAN FACILITY AGREEMENT AND GUARANTY 

THIS LOAN FACILITY AGREEMENT AND GUARANTY (the “Agreement”) made as of this 17th day of November, 2020, by and among AARON’S, LLC, a Georgia limited liability company having its principal place of business and chief executive office at 400 Galleria Parkway SE, Suite 300,
Atlanta, GA 30339 (“Sponsor”), THE AARON’S COMPANY, INC. (f/k/a AARON’S SPINCO, INC.), a Georgia corporation having its principal place of business and chief executive office at 400 Galleria Parkway SE, Suite 300,
Atlanta, GA 30339 (“Holdings”), TRUIST BANK (“Truist”) and each of the other lending institutions listed on the signature pages hereto (Truist, such lenders, together with any assignees thereof
becoming “Participants” pursuant to the terms of this Agreement, the “Participants”) and TRUIST BANK, a banking corporation organized and existing under the laws of North Carolina having its principal office in
Charlotte, North Carolina, as Servicer (in such capacity, the “Servicer”). 
 W I T N E S S E T H: 

WHEREAS, Sponsor is willing, subject to the limitations set forth herein, to repurchase loans upon the occurrence of certain events, all as
more fully set forth below; 
 NOW, THEREFORE, upon the terms and conditions hereinafter stated, and in consideration of the mutual premises
set forth above and other adequate consideration, the receipt and sufficiency of which is hereby acknowledged, the parties, intending to be legally bound, hereby agree: 

ARTICLE I 

DEFINITIONS 

Section 1.1 Definitions. In addition to the other terms defined herein, the following terms used
herein shall have the meanings herein specified (such meanings to be equally applicable to both the singular and plural forms of the terms defined): 

“Aaron’s” shall mean the Sponsor. 

“Aaron’s Proprietary System” shall mean the Sponsor’s proprietary point of sale software system, as modified
from time to time, used by the Sponsor and its franchisees. 
 “ACH Authorization” shall mean an authorization from
a Borrower to automatically debit Loan payments from a deposit account of such Borrower, substantially in the form attached to the Servicing Agreement as Exhibit A or such other form as the Servicer may require from time to time. 

“Acquisition” shall mean any transaction in which Holdings or any of its Restricted Subsidiaries directly or
indirectly (i) acquires any ongoing business, (ii) acquires all or substantially all of the assets of any Person or division thereof, whether through a purchase of assets, merger or otherwise, (iii) acquires (in one transaction or as
the most recent transaction in a series of transactions) control of at least a majority of the voting stock of a corporation, other than the acquisition of voting stock of a wholly-owned Restricted Subsidiary solely in connection with the
organization and capitalization of that Restricted Subsidiary by the Sponsor, Holdings or another Guarantor, or (iv) acquires control of more than fifty percent (50%) ownership interest in any partnership, joint venture or limited liability
company. 
 “Adjusted Canadian LIBO Rate” shall mean, with respect to each Payment Period, the rate per annum
(rounded upwards, if necessary, to the nearest 1/100 of 1%) determined pursuant to the following formula: 

  

					
	 “Adjusted Canadian LIBO Rate”    =
	 	       Canadian LIBOR
	 	        
		 	    1.00 - LIBOR Reserve Percentage	 	

 As used herein, LIBOR Reserve Percentage shall mean, for any Payment Period for any Funded Participation outstanding
hereunder, the reserve percentage (expressed as a decimal) equal to the then stated maximum rate of all reserve requirements (including, without limitation, any marginal, emergency, supplemental, special or other reserves) applicable to any member
bank of the Federal Reserve System in respect of Eurocurrency liabilities as defined in Regulation D (or against any successor category of liabilities as defined in Regulation D). 

“Adjusted US LIBO Rate” shall mean, with respect to each Payment Period, the rate per annum (rounded upwards, if
necessary, to the nearest 1/100 of 1%) determined pursuant to the following formula: 
  

					
	 “Adjusted US LIBO Rate”    =
	 	       US LIBOR
	 	        
		 	    1.00 - LIBOR Reserve Percentage	 	

 As used herein, LIBOR Reserve Percentage shall mean, for any Payment Period for any Funded Participation outstanding
hereunder, the reserve percentage (expressed as a decimal) equal to the then stated maximum rate of all reserve requirements (including, without limitation, any marginal, emergency, supplemental, special or other reserves) applicable to any member
bank of the Federal Reserve System in respect of Eurocurrency liabilities as defined in Regulation D (or against any successor category of liabilities as defined in Regulation D). 

“Advance” shall mean a funding of a loan to a Borrower by the Servicer pursuant to such Borrower’s Loan
Commitment. 
 “Affected Financial Institution” shall mean (a) any EEA Financial Institution or (b) any UK
Financial Institution. 
 “Affiliate” shall mean, as to any Person, any other Person that directly, or indirectly
through one or more intermediaries, Controls, is Controlled by, or is under common Control with, such Person. For purposes of this definition “Control” shall mean the power, directly or indirectly, either to (i) vote ten
percent (10%) or more of securities having ordinary voting power for the election of directors (or persons performing similar functions) of a Person or (ii) direct or cause the direction of the management and policies of a Person, whether
through the ability to exercise voting power, by contract or otherwise. The terms “Controlling”, “Controlled by”, and “under common Control with” have meanings correlative
thereto. 
 “Agent Parties” shall have the meaning given to such term in
Section 15.1(b)(iv). 
 “Agreement” shall have the meaning given to such term in the
introductory paragraph hereof. 
 “Amortization Period” shall mean (i) with respect to a US Borrower, 18 or 24
months, as determined from time to time by Aaron’s; provided, however, in the event any US Line of Credit Commitment is terminated upon 90 days’ notice from the Servicer, all amounts outstanding under such US Line of Credit
Commitment shall be due and payable in full no later than the 24-month anniversary of such termination, and (ii) with respect to a Canadian Borrower, 24 months; provided, however, in the
event any Canadian Line of Credit Commitment is terminated upon 90 days’ notice from the Servicer, all amounts outstanding under such Canadian Line of Credit Commitment shall be due and payable in full no later than the 24-month anniversary of such termination. 

  
 2 

 “Anti-Corruption Laws” shall mean all laws, rules, and regulations
of any jurisdiction applicable to Holdings, the Sponsor and its Subsidiaries from time to time concerning or relating to bribery or corruption. 

“Applicable Margin” shall mean, with respect to all Funded Participations, as of any date, the percentage per annum
determined by reference to the applicable Total Net Debt to EBITDA Ratio in effect on such date for Loans as set forth on Schedule 1.1(a) attached hereto; provided, that a change in the Applicable Margin resulting from a change in the
Total Net Debt to EBITDA Ratio shall be effective on the second day after which the Sponsor has delivered the financial statements required by Section 6.1(a) or (b) and the compliance certificate required by
Section 6.1(c); provided, further, that if at any time the Sponsor shall have failed to deliver such financial statement and such certificate when due hereunder, the Applicable Margin shall be at Level V until
such time as such financial statements and certificates are delivered, at which time the Applicable Margin shall be determined as provided above. Notwithstanding the foregoing, the Applicable Margin from the Effective Date until the financial
statements and certificate of a Responsible Officer of the Sponsor delivered pursuant to Section 6.1(c) for the Fiscal Quarter ending June 30, 2021 are delivered shall be at Level II. 

“Applicable Percentage” shall mean, with respect to the Participant Commitment Fee, as of any date, the percentage per
annum determined by reference to the applicable Total Net Debt to EBITDA Ratio in effect on such date as set forth on Schedule 1.1(a) attached hereto; provided, that a change in the Applicable Percentage resulting from a change in the
Total Net Debt to EBITDA Ratio shall be effective on the second day after which the Sponsor has delivered the financial statements required by Section 6.1(a) or (b) and the compliance certificate required by
Section 6.1(c); provided, further, that if at any time the Sponsor shall have failed to deliver such financial statement and such certificate when due hereunder, the Applicable Percentage shall be at Level V
until such time as such financial statements and certificates are delivered, at which time the Applicable Percentage shall be determined as provided above. Notwithstanding the foregoing, the Applicable Percentage from the Effective Date until the
financial statements and certificate of a Responsible Officer of the Sponsor delivered pursuant to Section 6.1(c) for the Fiscal Quarter ending on June 30, 2021 are delivered shall be at Level II. 

“Arrangers” shall mean Truist Securities, Inc., BofA Securities, Inc. and JPMorgan Chase Bank, N.A., in their
capacities as joint lead arrangers and joint bookrunners. 
 “Asset Disposition” shall mean (i) all sales of
Merchandise; (ii) all Merchandise which is determined to have been stolen; (iii) all Merchandise that is destroyed, lost or otherwise removed from the premises of a Borrower other than pursuant to a Lease Contract or by outright sale or
for repair work; and (iv) all “skipped” Merchandise which is Merchandise subject to a Lease Contract. 

“Assignment and Acceptance” shall mean an assignment and acceptance entered into by a Participant and an Eligible
Assignee in accordance with the terms of this Agreement and substantially in the form of Exhibit A. 

“Authorized Signatory” shall mean each officer of the Sponsor specified from time to time in an appropriate
certificate to the Servicer as authorized to execute Funding Approval Notices and other such documents relating to the Loan Documents. 

“Bail-In Action” shall mean the exercise of any Write-Down and Conversion
Powers by the applicable Resolution Authority in respect of any liability of an Affected Financial Institution. 

  
 3 

 “Bail-In Legislation” shall
mean (a) with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law, regulation or requirement for such EEA Member Country
from time to time which is described in the EU Bail-In Legislation Schedule and (b) with respect to the United Kingdom, Part I of the United Kingdom Banking Act 2009 (as amended from time to time) and any
other law, regulation or rule applicable in the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial institutions or their affiliates (other than through liquidation, administration or other
insolvency proceedings). 
 “Bankruptcy Code” shall mean The Bankruptcy Code of 1978, as amended and in effect from
time to time (11 U.S.C. §101 et seq.). 
 “Benchmark” shall mean, initially, Canadian LIBOR or US
LIBOR, as applicable; provided, however, that if a Benchmark Transition Event or an Early Opt-in Election, as applicable, has occurred with respect to such benchmark rate, then
“Benchmark” with respect to such currency shall mean the applicable Benchmark Replacement to the extent that such Benchmark Replacement has become effective pursuant to Section 2.5(e) 

“Benchmark Replacement” shall mean, with respect to any then-current Benchmark, the sum of: (a) the alternate
benchmark rate (which may include Term SOFR) that has been selected by the Servicer and the Sponsor giving due consideration to (i) any selection or recommendation of a replacement rate or the mechanism for determining such a rate by the
Relevant Governmental Body with respect to such currency or (ii) any evolving or then-prevailing market convention for determining a rate of interest as a replacement to such Benchmark for syndicated credit facilities denominated in the
currency applicable to such Benchmark at such time and (b) the Benchmark Replacement Adjustment; provided that, if the Benchmark Replacement as so determined would be less than zero, the Benchmark Replacement will be deemed to be zero for the
purposes of this Agreement. 
 “Benchmark Replacement Adjustment” shall mean, with respect to any replacement of any
then-current Benchmark with an Unadjusted Benchmark Replacement for each applicable Payment Period, the spread adjustment, or method for calculating or determining such spread adjustment, (which may be a positive or negative value or zero) that has
been selected by the Servicer and the Sponsor giving due consideration to (i) any selection or recommendation of a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark with
the applicable Unadjusted Benchmark Replacement by the Relevant Governmental Body or (ii) any evolving or then-prevailing market convention for determining a spread adjustment, or method for calculating or determining such spread adjustment,
for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement for syndicated credit facilities denominated in the currency applicable to such Benchmark at such time. 

“Benchmark Replacement Conforming Changes” shall mean, with respect to any Benchmark Replacement, any technical,
administrative or operational changes (including changes to the definition of “Payment Period”, timing and frequency of determining rates and making payments of interest, timing of borrowing requests or prepayment, conversion or
continuation notices, length of lookback period and other technical, administrative or operational matters) that the Servicer decides may be appropriate to reflect the adoption and implementation of such Benchmark Replacement and to permit the
administration thereof by the Servicer in a manner substantially consistent with market practice (or, if the Servicer decides that adoption of any portion of such market practice is not administratively feasible or if the Servicer determines that no
market practice for the administration of the Benchmark Replacement exists, in such other manner of administration as the Servicer decides is reasonably necessary in connection with the administration of this Agreement). 

  
 4 

 “Benchmark Replacement Date” shall mean the earlier to occur of the
following events with respect to the applicable Benchmark: 
 (a) in the case of clause (a) or (b) of the definition of
“Benchmark Transition Event,” the later of (i) the date of the public statement or publication of information referenced therein and (ii) the date on which the administrator of such Benchmark permanently or indefinitely ceases to
provide such Benchmark; or 
 (b) in the case of clause (c) of the definition of “Benchmark Transition Event,”
the date of the public statement or publication of information referenced therein. 
 “Benchmark Transition Event”
shall mean the occurrence of one or more of the following events with respect to then-current Benchmark with respect to any given currency: 

(a) a public statement or publication of information by or on behalf of the administrator of such Benchmark announcing that
such administrator has ceased or will cease to provide such Benchmark, permanently or indefinitely; provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide such Benchmark;

 (b) a public statement or publication of information by the regulatory supervisor for the administrator of such Benchmark,
the U.S. Federal Reserve System, an insolvency official with jurisdiction over the administrator for such Benchmark, a resolution authority with jurisdiction over the administrator for such Benchmark, or a court or an entity with similar insolvency
or resolution authority over the administrator for such Benchmark, which states that the administrator of such Benchmark has ceased or will cease to provide such Benchmark permanently or indefinitely; provided that, at the time of such
statement or publication, there is no successor administrator that will continue to provide such Benchmark; or 
 (c) a
public statement or publication of information by the regulatory supervisor for the administrator of such Benchmark announcing that such Benchmark is no longer representative. 

“Benchmark Transition Start Date” shall mean (a) in the case of a Benchmark Transition Event, the earlier of
(i) the applicable Benchmark Replacement Date and (ii) if such Benchmark Transition Event is a public statement or publication of information of a prospective event, the 90th day prior to the expected date of such event as of such public
statement or publication of information (or if the expected date of such prospective event is fewer than 90 days after such statement or publication, the date of such statement or publication) and (b) in the case of an Early Opt-in Election, the date specified by the Servicer or the Required Participants, as applicable, by notice to the Sponsor, the Servicer (in the case of such notice by the Required Participants) and the Participants.

 “Benchmark Unavailability Period” shall mean, with respect to any then-current Benchmark, if a Benchmark
Transition Event and its related Benchmark Replacement Date have occurred with respect to such Benchmark and solely to the extent that such Benchmark has not been replaced with a Benchmark Replacement, the period (x) beginning at the time that
such Benchmark Replacement Date has occurred if, at such time, no Benchmark Replacement has replaced such Benchmark for all purposes hereunder in accordance with Section 2.5(d)(iii)-(vi) and (y) ending at the time that
a Benchmark Replacement has replaced such Benchmark for all purposes hereunder pursuant to Section 2.5(d)(iii)-(vi). 

“Beneficial Ownership Certification” shall mean a certification regarding beneficial ownership as required by the
Beneficial Ownership Regulation. 

  
 5 

 “Beneficial Ownership Regulation” shall mean 31 C.F.R. §
1010.230. 
 “Benefit Plan” shall mean any of (a) an “employee benefit plan” (as defined in ERISA)
that is subject to Title I of ERISA, (b) a “plan” as defined in and subject to Section 4975 of the Code or (c), any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of
ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”. 

“Borrower” shall mean a US Borrower or a Canadian Borrower, as the case may be. 

“Borrower Payment Date” shall mean, with respect to any Loans, the last day of each calendar month; provided,
however, if such day is not a Business Day, the next succeeding Business Day. 
 “Borrower Rate” shall mean,
(a) with respect to each US Loan, the Prime Rate per annum plus any additional margin per annum specified for such US Loan by Sponsor in the applicable Funding Approval Notice, such margin not to exceed ten percent (10.0%) per annum calculated
based upon the actual number of days elapsed in a 360 day year; provided that, at no time may there be more than five different Borrower Rates for US Line of Credit Loans, and no more than five different Borrower Rates for US Revolving Loans
and US Term Loans and (b) with respect to each Canadian Loan, the Canadian Prime Rate per annum plus any additional margin per annum specified for such Canadian Loan by Sponsor in the applicable Funding Approval Notice, such margin not to
exceed ten percent (10.0%) per annum calculated based upon the actual number of days elapsed in a 360-day year; provided that, at no time may there be more than five different Borrower Rates for
Canadian Line of Credit Loans, and no more than five different Borrower Rates for Canadian Revolving Loans and Canadian Term Loans. 

“Business Day” shall mean (i) any day other than a Saturday, Sunday or other day on which commercial banks in
Charlotte, North Carolina are authorized or required by law to close, and (ii) if such day relates to Adjusted US LIBO Rate, any day on which dealings in US Dollars are carried on in the London interbank market. 

“Canadian Borrower” shall mean any Franchisee domiciled in Canada (other than in the Province of
Quebec) that is primarily liable for repayment of a Canadian Loan as a result of having executed Canadian Loan Documents as maker, or its permitted assignee. 

“Canadian Borrower Payment Date” shall mean, with respect to any Canadian Loans, the last day of each calendar month;
provided, however, if such day is not a Canadian Business Day, the next succeeding Canadian Business Day which is also a Business Day. 

“Canadian Business Day” shall mean (i) any day other than a Saturday, Sunday or other day on which commercial
banks in Toronto, Ontario are authorized or required by law to close and (ii) if such day relates to Adjusted Canadian LIBO Rate, any day on which dealings in Canadian Dollars are carried on in the London interbank market. 

“Canadian Dollar Equivalent” shall mean, on any date, (i) with respect to any amount denominated in Canadian
Dollars, such amount and (ii) with respect to any amount denominated in US Dollars, the amount of Canadian Dollars that would be required to purchase the amount of such US Dollars on such date based upon the Exchange Rate as of the applicable
date of determination. 
 “Canadian Dollars” or “Cdn$” shall mean the lawful currency of
Canada. 
 “Canadian Franchisee” shall mean those certain store operators located in Canada (other
than in the Province of Quebec) that own and operate stores under the Aaron’s franchise. 

  
 6 

 “Canadian Funded Participation” shall mean, for any Participant, the
portion of such Participant’s Funded Participation in Canadian Dollars. 
 “Canadian LIBOR” shall
mean the rate per annum equal to the Canadian Dealer Offered Rate, or a comparable or successor rate which is approved by the Servicer, appearing on the applicable Reuters screen or the Bloomberg screen page, as selected by the Servicer, as the
London interbank offered rate for deposits in Canadian Dollars at approximately 11:00 a.m. (London time) two business days prior to the first day of such one-month interest period for a one-month period. If for any reason such rate is not available, Canadian LIBOR shall be, for any such interest period, the rate per annum reasonably determined by the Servicer as the rate of interest at which
Canadian Dollar deposits in an amount comparable to the aggregate outstanding Funded Participations in US Dollars are offered to the Servicer by prime banks in the Canadian Dollar market reasonably selected by the Servicer determined as of 10:00
a.m. (Charlotte, North Carolina time) two Business Days prior to the first day of such interest period for a term comparable to such interest period; provided, that, if Canadian LIBOR would be less than zero, such rate shall be deemed to be
zero for purposes of this Agreement. 
 “Canadian Line of Credit Commitment” shall mean a commitment
to make Canadian Line of Credit Loans to a Canadian Borrower in Canadian Dollars pursuant to a Canadian Loan Agreement. 

“Canadian Line of Credit Loans” shall mean Advances made to a Canadian Borrower pursuant to a Canadian Line of Credit
Commitment. 
 “Canadian Line of Credit Note” shall mean a Canadian Line of Credit Note, executed by a Canadian
Borrower in favor of the Servicer, evidencing such Canadian Borrower’s obligation to repay all Canadian Line of Credit Loans made to it pursuant to a Canadian Line of Credit Commitment, substantially in the form of Exhibit A-1 to the Canadian Loan Agreement, with such changes as the Sponsor and the Servicer shall agree to from time to time. 

“Canadian Loan” shall mean either a Canadian Term Loan, a Canadian Revolving Loan or a Canadian Line of Credit Loan,
as the case may be. 
 “Canadian Loan Agreement” shall mean a Loan Agreement setting forth the terms and conditions,
as between a Canadian Borrower and the Servicer, under which the Servicer has established a Canadian Loan Commitment to make Advances to such Canadian Borrower pursuant to the Canadian Loan Commitment, substantially in the form of Exhibit B,
with such changes as may be mutually agreed by the Sponsor and the Servicer (it being understood that the Servicer will not unreasonably withhold or delay its agreement to any such changes requested by the Sponsor). 

“Canadian Loan Commitment” shall mean the commitment by the Servicer to make Advances to any Canadian Borrower in
Canadian Dollars in the amount not exceeding, and upon the terms described in, the applicable Funding Approval Notice and the applicable Canadian Loan Documents, which Canadian Loan Commitment may be a Canadian Line of Credit Commitment, a Canadian
Revolving Commitment or a Canadian Term Loan Commitment. 
 “Canadian Loan Documents” shall
mean, with respect to any Canadian Loan, the Canadian Loan Agreement, the Canadian Master Note, any Personal Guaranty, any Canadian Security Agreement, any Spousal Consent, the Collateral Agreements, in each case relating to such Loan, any other
documents relating to such Loan delivered by any Borrower or any guarantor or surety thereof to the Servicer and any amendments thereto (provided that such amendments are made with the consent of the Sponsor, where such consent is required under
this Agreement). 

  
 7 

 “Canadian Master Note” shall mean a Canadian Line of Credit Note, a
Canadian Revolving Note or a Canadian Term Note, as the case may be. 
 “Canadian Prime Rate” shall mean, on
any date of determination, the higher of (a) the reference rate of interest, expressed as an annual rate, publicly announced or posted from time to time by Bloomberg on page BTMM for Canadian Money Market rates or (b) the average one month
Bankers’ Acceptance rate quoted on Reuters Service, page CDOR, as at approximately 10:00 a.m. (Toronto, Ontario time) on such day plus 1% per annum. 

“Canadian Revolving Commitment” shall mean a commitment to make Canadian Revolving Loans to a Canadian
Borrower pursuant to a Loan Agreement. 
 “Canadian Revolving Loans” shall mean Advances made to a Canadian Borrower
pursuant to a Canadian Revolving Commitment. 
 “Canadian Revolving Note” shall mean that certain Revolving Note,
executed by a Canadian Borrower in favor of the Servicer, evidencing such Canadian Borrower’s obligation to repay all Canadian Revolving Loans made to it pursuant to a Canadian Revolving Commitment, substantially in the form of Exhibit A-3 to the Canadian Loan Agreement, with such changes as the Sponsor and the Servicer shall agree to from time to time. 

“Canadian Security Agreement” shall mean any security agreement executed by a Canadian Borrower substantially in the
form required by the Servicing Agreement. 
 “Canadian Subfacility Amount” shall mean Cdn$25,000,000, as such amount
may be reduced pursuant to Section 2.7, Section 2.9 or Article IX. 

“Canadian Term Loan Commitment” shall mean a commitment to make Canadian Term Loans to a Canadian
Borrower pursuant to a Canadian Loan Agreement. 
 “Canadian Term Loans” shall mean Advances made to a Canadian
Borrower pursuant to a Canadian Term Loan Commitment. 
 “Canadian Term Note” shall mean that certain Term Note,
executed by a Canadian Borrower in favor of the Servicer, evidencing such Canadian Borrower’s obligation to repay all Canadian Term Loans made to it pursuant to a Canadian Term Loan Commitment, substantially in the form of Exhibit A-2 to the Canadian Loan Agreement, with such changes as the Sponsor and the Servicer shall agree to from time to time. 

“Capital Lease Obligations” of any Person shall mean all obligations of such Person to pay rent or other amounts under
any lease (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on a balance sheet of such Person under GAAP, and
the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP. 
 “Capital
Stock” shall mean, with respect to any Person, all of the shares of capital stock of (or other ownership or profit interests in) such Person, all of the warrants, options or other rights for the purchase or acquisition from such Person
of shares of capital stock of (or other ownership or profit interests in) such Person, all of the securities convertible into or exchangeable for shares of capital stock of (or other ownership or profit interests in) such Person or warrants, rights
or options for the purchase or acquisition from such Person of such shares (or such other interests), and all of the other ownership or profit interests in such Person (including partnership, member or trust interests therein), whether voting or
nonvoting, and whether or not such shares, warrants, options, rights or other interests are outstanding on any date of determination. 

  
 8 

 “Cash Collateralize” shall mean, in respect of any obligations, to
provide and pledge (as a first priority perfected security interest) cash collateral for such obligations in US Dollars or Canadian Dollars, as applicable, with the Servicer pursuant to documentation in form and substance, reasonably satisfactory to
the Servicer (and “Cash Collateralization” has a corresponding meaning). 
 “Cash
Equivalents” shall mean, as at any date, (i) securities issued or directly and fully guaranteed or insured by the United States or any agency or instrumentality thereof (provided that the full faith and credit of the United States
is pledged in support thereof) having maturities of not more than twelve months from the date of acquisition, (ii) Dollar denominated time deposits and certificates of deposit of (A) any Participant, (B) any domestic commercial bank
of recognized standing having capital and surplus in excess of $500,000,000 or (C) any bank whose short-term commercial paper rating from S&P is at least A-1 or
the equivalent thereof or from Moody’s is at least P-1 or the equivalent thereof (any such bank being an “Approved Bank”), in each case with maturities of not more than two hundred
seventy (270) days from the date of acquisition, (iii) commercial paper and variable or fixed rate notes issued by any Approved Bank (or by the parent company thereof) or any variable rate notes issued by, or guaranteed by, any domestic
corporation rated A-1 (or the equivalent thereof) or better by S&P or P-1 (or the equivalent thereof) or better by Moody’s and maturing within six months of the
date of acquisition, (iv) repurchase agreements entered into by any Person with a bank or trust company (including any Participant) or recognized securities dealer having capital and surplus in excess of $500,000,000 for direct obligations
issued by or fully guaranteed by the United States in which such Person shall have a perfected first priority security interest (subject to no other Liens) and having, on the date of purchase thereof, a fair market value of at least one hundred
percent (100)% of the amount of the repurchase obligations and (v) investments, classified in accordance with GAAP as current assets, in money market investment programs registered under the Investment Company Act of 1940 which are administered
by reputable financial institutions having capital of at least $500,000,000 and the portfolios of which are limited to Investments of the character described in the foregoing clauses (i) through (iv). 

“Change in Control” shall mean the occurrence of one or more of the following events: (i) any sale, lease,
exchange or other transfer (in a single transaction or a series of related transactions) of all or substantially all of the assets of Holdings to any Person or “group” (within the meaning of the Securities Exchange Act of 1934 and the
rules of the Securities and Exchange Commission thereunder in effect on the date hereof), (ii) the acquisition of ownership, directly or indirectly, beneficially or of record, by any Person or “group” (within the meaning of the Securities
Exchange Act of 1934 and the rules of the Securities and Exchange Commission thereunder as in effect on the date hereof) of thirty-three and one third percent
(331⁄3%) or more of the total voting power of shares of stock entitled to vote in the election of directors of Holdings; (iii) during any period of twenty-four
(24) consecutive months, a majority of the members of the board of directors or other equivalent governing body of Holdings cease to be composed of individuals (A) who were members of that board or equivalent governing body on the first
day of such period, (B) whose election or nomination to that board or equivalent governing body was approved by individuals referred to in clause (A) above constituting at the time of such election or nomination at least a majority of that
board or equivalent governing body or (C) whose election or nomination to that board or other equivalent governing body was approved by individuals referred to in clauses (A) and (B) above constituting at the time of such election or
nomination at least a majority of that board or equivalent governing body; or (iv) Holdings shall cease to own and control, of record and beneficially, directly one hundred percent (100%) of the outstanding Capital Stock of the Sponsor. 

  
 9 

 “Closing Date” shall mean, for any Loan, the date upon which all
Loan Documents have been executed and delivered and the conditions precedent to funding such Loan have been satisfied. 

“Code” shall mean the Internal Revenue Code of 1986, as amended and in effect from time to time. 

“Collateral” shall mean, with respect to any Loan, all property of the Borrower and all guarantors obligated with
respect to such Loan that secures such Loan, which property shall be designated by the Sponsor and may include all accounts receivable, inventory, Lease Contracts and other business assets of such Borrower and guarantors. 

“Collateral Agreement” shall mean an agreement executed by a Borrower and any other Persons primarily or secondarily
liable for all or part of the Loan or granting a security interest or other Lien to the Servicer in specified Collateral as security for such Loan, including without limitation, any Loan Agreements, any Canadian Security Agreement and any Personal
Guaranties. 
 “Communications” shall have the meaning given to such term in
Section 15.1(b)(iv). 
 “Consolidated Companies” shall mean, collectively, Holdings and
all of its Subsidiaries. 
 “Consolidated EBITDA” shall mean for Holdings, the Sponsor and its Restricted
Subsidiaries for any period, an amount equal to the sum of (i) Consolidated Net Income for such period plus (ii) to the extent deducted in determining Consolidated Net Income for such period, but without duplication,
(A) Consolidated Interest Expense, (B) income tax expense, (C) depreciation (excluding depreciation of rental merchandise) and amortization, (D) all other non-cash charges (including,
without limitation, any non-cash charges, expenses or losses incurred in connection with any stock option plan, cash incentive plan or any other employee benefit plan or agreement, but excluding any
such non-cash charges or losses (1) representing an accrual or reserve for future cash charges or losses, (2) to the extent that there were cash charges or losses with respect thereto in past
accounting periods, and (3) representing a write-down of current assets; provided that in the case of (1) and (2), if any such non-cash charges or losses represent an accrual or reserve for potential
cash items in any future period, the cash payment in respect thereof in such future period shall be subtracted from Consolidated EBITDA in such future period to the extent paid), (E) closing costs, fees and expenses incurred during such period in
connection with the transactions contemplated by the Transaction Documents (including the amendments thereto), in each case paid during such period to Persons that are not Affiliates of Holdings or any of its Restricted Subsidiaries, (F) up to
$43,500,000 in restructuring charges incurred in Fiscal Year 2020 in connection with the closure and consolidation of Sponsor-operated stores, (G) up to $14,700,000 in advisory fees and expenses incurred or paid by the Sponsor to one or more of
its third party consultants in the first Fiscal Quarter of 2020, (H) business optimization, restructuring and transition expenses, costs, charges, accruals or reserves incurred within two (2) years of any Permitted Acquisition, which for the
avoidance of doubt shall include severance payments and costs, legal defense and settlement costs (including any costs paid in satisfaction of judgments), relocation costs, costs related to the closure, opening, curtailment and/or consolidation of
facilities, retention charges, systems establishment costs, spin-off costs, integration costs, signing costs, retention and completion bonuses, amortization of signing bonuses, inventory optimization expenses,
contract termination costs, transaction costs, costs related to entry into new markets, consulting fees, recruiter fees; (I) business optimization, restructuring and transition related expenses, costs, charges, accruals or reserves which are
unrelated to any Permitted Acquisition or divestiture of assets, all as determined on a consolidated basis for Holdings, the Sponsor and its Restricted Subsidiaries for such period; (J) loss of on-lease
and off-lease inventory, physical damage to stores, infrastructure, capital assets and other assets of the business and loss of revenue, in each case, (1) to the extent reasonably identifiable by the
Sponsor as having resulted from significant weather events or other natural disasters in areas that have been declared a federal disaster or otherwise qualify for federal emergency assistance, (2) to the extent

  
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occurring within twelve (12) months after the occurrence of such significant weather event or natural disaster, and (3) net of all related insurance proceeds received related thereto
(including, without limitation, all business interruption insurance and casualty insurance), all as determined on a consolidated basis for Holdings and its Restricted Subsidiaries for such period; (K) the amount of cost savings and synergies
projected by the Sponsor in good faith to be reasonably anticipated to be realized from actions taken or committed to be taken during such period in connection with any Permitted Acquisition or any permitted disposition of assets (in each case
calculated on a Pro Forma Basis as though such cost savings and synergies had been realized on the first day of such period, net of the amount of actual benefits realized prior to or during such period from such actions); provided that such
actions have been taken or have been committed to be taken, and the benefits resulting therefrom are anticipated by the Sponsor in good faith to be realized within twenty-four (24) months after the completion of the related Permitted
Acquisition or permitted disposition of assets; and provided, further, that the aggregate amount for all such items under this clause (K) shall not exceed $25,000,000 in the aggregate during the term of this Agreement;
(L) (1) expenses, costs, charges, accruals or reserves relating to the formation of Holdings and the Restructuring, in each case, to the extent paid in cash prior to the Effective Date or within six (6) months after the Effective Date and (2) non-cash expenses, costs, charges, accruals or reserves relating to the formation of Holdings and the Restructuring, in each case, to the extent incurred prior to the Effective Date or within two
(2) years after the Effective Date, including, for the avoidance of doubt, any amortization or accruals for prior cash payments to the extent such cash payments were made prior to the Effective Date or within six (6) months after the
Effective Date; (M) expenses, cost, charges, accruals or reserves relating to the repositioning, relocating, remodeling, consolidation and closure of retail locations, offices or operating centers, all as determined on a consolidated basis for
Holdings, the Sponsor and its Restricted Subsidiaries for such period; and (N) up to $447,000,000 in impairment charges or asset write-offs or write-downs related to goodwill in the first Fiscal Quarter of 2020. Notwithstanding the foregoing,
the amounts added back to Consolidated Net Income in reliance on clauses (ii)(H), (ii)(I), (ii)(J) and (ii)(M) above shall not exceed, in the aggregate during any four fiscal quarter period, the greater of (i) $40,000,000 and (ii) 20% of
Consolidated EBITDA for such period (calculated prior to adding back any such amounts). 
 “Consolidated EBITDAR”
shall mean, for Holdings, the Sponsor and its Restricted Subsidiaries for any period, an amount equal to the sum of (a) Consolidated EBITDA plus (b) Consolidated Lease Expense. 

“Consolidated Fixed Charges” shall mean, for Holdings, the Sponsor and its Restricted Subsidiaries for any period, the
sum (without duplication) of (a) Consolidated Interest Expense paid or payable for such period plus (b) Consolidated Lease Expense. 

“Consolidated Interest Expense” shall mean, for Holdings, the Sponsor and its Restricted Subsidiaries for any period
determined on a consolidated basis in accordance with GAAP, total cash interest expense, including without limitation the interest component of any payments in respect of Capital Leases Obligations capitalized or expensed during such period
(whether or not actually paid during such period). 
 “Consolidated Lease Expense” shall mean, for any period,
the aggregate amount of fixed and contingent rentals payable by Holdings, the Sponsor and its Restricted Subsidiaries with respect to leases of real and personal property (excluding Capital Lease Obligations) determined on a consolidated basis in
accordance with GAAP for such period. 
 “Consolidated Net Income” shall mean, for any period, the net income (or
loss) of Holdings, the Sponsor and its Restricted Subsidiaries for such period determined on a consolidated basis in accordance with GAAP, but excluding therefrom (to the extent otherwise included therein) (i) any extraordinary gains or losses,
(ii) any gains attributable to write-ups of assets, (iii) any equity interest of Holdings, the Sponsor or any Restricted Subsidiary of Holdings in the unremitted earnings of any Person that is not a
Restricted 

  
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Subsidiary and (iv) any income (or loss) of any Person accrued prior to the date it becomes a Restricted Subsidiary or is merged into or consolidated with Holdings, the Sponsor or any
Restricted Subsidiary on the date that such Person’s assets are acquired by Holdings, the Sponsor or any Restricted Subsidiary, except to the extent provided for in the definition of Pro Forma Basis in connection with a Permitted Acquisition.
For the avoidance of doubt, Consolidated Net Income (i) shall exclude any income (or loss) for such period of Unrestricted Subsidiaries and (ii) shall include any amounts actually distributed in cash by Unrestricted Subsidiaries to
Holdings, the Sponsor or any Restricted Subsidiary. 
 “Consolidated Total Debt” shall mean, at any time, all then
currently outstanding obligations, liabilities and indebtedness of Holdings, the Sponsor and its Restricted Subsidiaries on a consolidated basis of the types described in the definition of “Indebtedness”. 

“Credit Agreement” shall mean that certain Credit Agreement, dated as of the Effective Date, by and among Sponsor, the
lenders from time to time parties thereto and Truist Bank, as Administrative Agent, as amended, restated, replaced, refinanced, supplemented or otherwise modified from time to time. 

“Credit Documents” shall mean, collectively, the Credit Agreement and any and all other instruments, agreements,
documents and writings executed in connection with the foregoing. 
 “Credit Event” shall have the meaning set forth
in Article IX of this Agreement. 
 “Credit Parties” shall mean, collectively, each of the Sponsor, Holdings
and the Guarantors. 
 “Credit Party Collateral” shall mean all tangible and intangible property, real and personal,
of any Credit Party that is or purports to be the subject of a Lien to the Servicer to secure the whole or any part of the obligations of the Credit Parties under the Operative Documents (including any Guarantee thereof), and shall include, without
limitation, all casualty insurance proceeds and condemnation awards with respect to any of the foregoing; provided that all rights, title or interests in the Specified Asset transferred to the Sponsor or Holdings from Prog Leasing, LLC pursuant to
that certain assignment agreement to be executed by the Sponsor, Holdings and Prog Leasing, LLC on the Funding Availability Date shall be (i) excluded from the Credit Party Collateral and (ii) no rights thereto shall be granted to the
Servicer or the Participants pursuant to any Credit Party Collateral Document, in each case of clauses (i) and (ii), at any time before the date that is 1 year after the Funding Availability Date, regardless of whether a Trigger Event occurs
before such date. 
 “Credit Party Collateral Documents” shall mean, collectively, the Security Agreement, any Real
Estate Documents, all assignments of key man life insurance policies and all other instruments and agreements now or hereafter securing or perfecting the Liens securing the whole or any part of the obligations of the Credit Parties under the
Operative Documents (including any Guarantee thereof), all UCC financing statements, fixture filings and stock powers, and all other documents, instruments, agreements and certificates executed and delivered by any Credit Party to the Servicer and
the Participants in connection with the foregoing. 
 “Default Waiver Letter” shall mean a waiver letter sent by
Sponsor to the Servicer which such waiver letter shall (i) waive and cure a Loan Payment Default or (ii) waive a covenant default with respect to a Loan that does not constitute a Loan Default, such waiver letter to be substantially in the
form required in the Servicing Agreement. 
 “Defaulted Borrower” shall mean a Borrower under a Defaulted Loan. 

  
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 “Defaulted Loan” shall mean a Loan evidenced by Loan Documents under
the terms of which exist one or more Loan Defaults that have not been cured or waived as permitted herein. 
 “Defaulting
Participant” shall mean, at any time, subject to Section 2.17(b), (i) any Participant that has failed for two (2) or more Business Days to comply with its obligations under this Agreement to fund any
Participant Funding (each a “funding obligation”), unless such Participant has notified the Servicer and the Sponsor in writing that such failure is the result of such Participant’s determination that one or more
conditions precedent to funding has not been satisfied (which conditions precedent, together with any applicable Credit Event, will be specifically identified in such writing), (ii) any Participant that has notified the Servicer in writing, or has
stated publicly, that it does not intend to comply with any such funding obligation hereunder, unless such writing or public statement states that such position is based on such Participant’s determination that one or more conditions precedent
to funding cannot be satisfied (which conditions precedent, together with any applicable Credit Event will be specifically identified in such writing or public statement), (iii) any Participant that has defaulted on its obligation to fund generally
under any other loan agreement, credit agreement or other financing agreement, (iv) any Participant that has, for three (3) or more Business Days after written request of the Servicer or the Sponsor, failed to confirm in writing to the
Servicer and the Sponsor that it will comply with its prospective funding obligations hereunder (provided that such Participant will cease to be a Defaulting Participant pursuant to this clause (iv) upon the Servicer’s and the
Sponsor’s receipt of such written confirmation), (v) any Participant with respect to which a Participant Insolvency Event has occurred and is continuing or (vi) any Participant that has become the subject of a Bail-In Action. Any determination by the Servicer that a Participant is a Defaulting Participant will be conclusive and binding, absent manifest error, and such Participant shall be deemed to be a Defaulting
Participant (subject to Section 2.17(b)) upon notification of such determination by the Servicer to the Sponsor and the Participants. 

“Delaware Divided LLC” shall mean any Delaware LLC which has been formed upon the consummation of a Delaware LLC
Division. 
 “Delaware LLC” shall mean any limited liability company organized or formed under the laws of the State
of Delaware. 
 “Delaware LLC Division” shall mean the statutory division of any Delaware LLC into two or more
Delaware LLCs pursuant to Section 18-217 of the Delaware Limited Liability Company Act. 

“Domestic Controlled Affiliate” shall mean each Affiliate of the Sponsor that is (a) Controlled by the Sponsor,
and (b) incorporated or organized under the laws of any State of the United States, the District of Columbia or Puerto Rico. 

“Domestic Subsidiary” shall mean any Subsidiary of the Sponsor that is incorporated or organized under the laws of any
State of the United States, the District of Columbia or Puerto Rico. 
 “Early Opt-in
Election” shall mean the occurrence of: 
 (a) (i) a determination by the Servicer or (ii) a
notification by the Required Participants to the Servicer (with a copy to the Sponsor) that the Required Participants have determined that U.S. dollar-denominated syndicated credit facilities being executed at such time, or that include language
similar to that contained in Section 2.5(b)-(e) are being executed or amended, as applicable, to incorporate or adopt a new benchmark interest rate to replace the applicable Benchmark, and 

  
 13 

 (b) (i) the election by the Servicer or (ii) the election by the
Required Participants to declare that an Early Opt-in Election has occurred and the provision, as applicable, by the Servicer of written notice of such election to the Sponsor and the Participants or by the
Required Participants of written notice of such election to the Servicer. 
 “EEA Financial Institution” shall mean
(a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution
described in clause (a) of this definition or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clause (a) or (b) of this definition and is
subject to consolidated supervision with its parent. 
 “EEA Member Country” shall mean any of the member states of
the European Union, Iceland, Liechtenstein, and Norway. 
 “EEA Resolution Authority” shall mean any public
administrative authority or any person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 

“Effective Date” shall mean the date upon which all conditions precedent to the effectiveness of this Agreement have
been satisfied. 
 “Eligible Assignee” shall mean (i) a commercial bank organized under the laws of the United
States or any state thereof having total assets in excess of $1,000,000,000.00 or any commercial finance or asset-based lending Affiliate of any such commercial bank and (ii) any Participant. 

“Environmental Indemnity” shall mean each environmental indemnity made by each Credit Party with respect to Real
Estate required to be pledged as Credit Party Collateral in favor of the Servicer for the benefit of the holders of the obligations under the Operative Documents, in each case in form and substance reasonably satisfactory to the Servicer. 

“Environmental Laws” shall mean all laws, rules, regulations, codes, ordinances, orders, decrees, judgments,
injunctions, notices or binding agreements issued, promulgated or entered into by or with any Governmental Authority, relating in any way to the environment, preservation or reclamation of natural resources, the management, Release or threatened
Release of any Hazardous Material or to health and safety matters. 
 “Environmental Liability” shall mean any
liability, contingent or otherwise (including any liability for damages, costs of environmental investigation and remediation, costs of administrative oversight, fines, natural resource damages, penalties or indemnities), of Holdings or any
Restricted Subsidiary directly or indirectly resulting from or based upon (i) any actual or alleged violation of any Environmental Law, (ii) the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous
Materials, (iii) any actual or alleged exposure to any Hazardous Materials, (iv) the Release or threatened Release of any Hazardous Materials or (v) any contract, agreement or other consensual arrangement pursuant to which liability
is assumed or imposed with respect to any of the foregoing. 
 “ERISA” shall mean the Employee Retirement Income
Security Act of 1974, as amended, and the rules and regulations promulgated thereunder. 
 “ERISA Affiliate” shall
mean any trade or business (whether or not incorporated), which, together with the Sponsor, is treated as a single employer under Section 414(b) or (c) of the Code or, solely for the purposes of Section 302 of ERISA and
Section 412 of the Code, is treated as a single employer under Section 414 of the Code. 

  
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 “ERISA Event” shall mean (i) any “reportable
event”, as defined in Section 4043 of ERISA or the regulations issued thereunder with respect to a Plan (other than an event for which the 30-day notice period is waived); (ii) the existence with
respect to any Plan of an “accumulated funding deficiency” (as defined in Section 412 of the Code or Section 302 of ERISA), whether or not waived; (iii) the filing pursuant to Section 412(d) of the Code or
Section 303(d) of ERISA of an application for a waiver of the minimum funding standard with respect to any Plan; (iv) the incurrence by the Sponsor or any of its ERISA Affiliates of any liability under Title IV of ERISA with respect to the
termination of any Plan; (v) the receipt by the Sponsor or any ERISA Affiliate from the PBGC or a plan administrator appointed by the PBGC of any notice relating to an intention to terminate any Plan or Plans or to appoint a trustee to
administer any Plan; (vi) the incurrence by the Sponsor or any of its ERISA Affiliates of any liability with respect to the withdrawal or partial withdrawal from any Plan or Multiemployer Plan; or (vii) the receipt by the Sponsor or any
ERISA Affiliate of any notice, or the receipt by any Multiemployer Plan from the Sponsor or any ERISA Affiliate of any notice, concerning the imposition of Withdrawal Liability or a determination that a Multiemployer Plan is, or is expected to be,
insolvent or in reorganization, within the meaning of Title IV of ERISA. 
 “EU Bail-In
Legislation Schedule” shall mean the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor Person), as in effect from time to time. 

“Exchange Rate” shall mean the offered rate at which Canadian Dollars may be exchanged into US Dollars or US Dollars
may be exchanged into Canadian Dollars, as the case may be, as set forth at approximately 11:00 a.m. on such day on the Reuters NFX Page (or if such page is not available, or the rate does not appear on such page, the comparable page on the Telerate
or Bloomberg Service). In the event that such rate does not appear on the applicable page of any such services, the “Exchange Rate” shall be determined by reference to such other publicly available services for displaying exchange rates as
may be agreed upon by the Servicer and the Sponsor, or, in the absence of such agreement, such Exchange Rate shall instead be the offered spot rate of exchange of the Servicer or, if the Servicer shall so determine, one of its affiliates in the
market where its foreign currency exchange operations in respect of Canadian Dollars are then being conducted, at or about 10:00 a.m., local time, on such date for the purchase or sale of US Dollars for delivery two Business Days later;
provided that if at the time of any such determination, for any reason, no such spot rate is being quoted, the Servicer, after consultation with the Sponsor, may use any reasonable method it deems appropriate to determine such rate, and such
determination shall be conclusive absent manifest error. The Exchange Rate shall be initially the Exchange Rate as of the Effective Date and shall be reset periodically on each Reset Date pursuant to Section 2.14(c). 

“Existing Loan” shall mean any of the loans made by the Servicer pursuant to the Existing Loan Facility Agreement as
in effect from time to time. 
 “Existing Loan Commitments” shall mean any of the commitments to make loans made by
the Servicer pursuant to the Existing Loan Facility Agreement as in effect from time to time. 
 “Existing Loan Facility
Agreement” shall mean that certain Fourth Amended and Restated Loan Facility Agreement and Guaranty dated as of October 25, 2017 (as amended, restated, supplemented or otherwise modified from time to time) by and among the Sponsor,
the participants party thereto and the Servicer. 
 “Existing Note” shall mean any of the promissory notes from the
Borrowers to the Servicer substantially in the form attached to the Existing Loan Facility Agreement as in effect from time to time. 

  
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 “Facility Commitment” shall have the meaning set forth in
Section 2.1(a). 
 “Facility Commitment Termination Date” shall have the meaning set forth
in Section 2.1(a). 
 “Federal Funds Rate” shall mean, for any day, the rate per annum
(rounded upwards, if necessary, to the next 1/100th of 1%) equal to the weighted average of the rates on overnight Federal funds transactions with member banks of the Federal Reserve System, as
published by the Federal Reserve Bank of New York on the next succeeding Business Day; provided, (i) if such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding
Business Day as so published on the next succeeding Business Day and (ii) if no such rate is so published on such next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate charged to Truist Bank or any
other Participant selected by the Servicer on such day on such transactions as determined by the Servicer. 
 “Fee
Letter” shall mean that certain letter agreement dated as of October 19, 2020, by and among the Sponsor, Truist Securities, Inc., BofA Securities, Inc. and JPMorgan Chase Bank, N.A., setting forth certain fees
applicable to the loan facility described herein, either as originally executed or as hereafter amended or modified. 
 “Final
Termination Date” shall mean the date that is ninety (90) days after the last Maturity Date of the Loans. 

“Financing Statement” shall mean, (a) with respect to a US Loan, a document that among other things, describes
the Collateral, the proper filing of which perfects a security interest in the Collateral described therein under the laws of the state in which such document is filed and (b) with respect to a Canadian Loan, a document that among other things,
describes the Collateral, the proper filing of which perfects a security interest in the Collateral described therein under the laws of the province or territory in which such document is filed. 

“Fiscal Quarter” shall mean any fiscal quarter of Holdings. 

“Fiscal Year” shall mean a fiscal year of Holdings; references to a Fiscal Year with a number
corresponding to any calendar year (e.g., the “Fiscal Year 2020”) refers to the Fiscal Year ending during such calendar year. 

“Fixed Charge Coverage Ratio” shall mean, at any date, the ratio of (i) Consolidated EBITDAR for the four
(4) consecutive Fiscal Quarters ending on such date to (ii) Consolidated Fixed Charges for the four (4) consecutive Fiscal Quarters ending on such date. 

“Flood Insurance Laws” shall mean, collectively, (i) the National Flood Insurance Reform Act of 1994 (which
comprehensively revised the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973), as now or hereafter in effect or any successor statute thereto, (ii) the Flood Insurance Reform Act of 2004, as now or hereafter in
effect or any successor statute thereto and (iii) the Biggert –Waters Flood Insurance Reform Act of 2012, as now or hereafter in effect or any successor statute thereto. 

“Foreign Pledge Date” shall have the meaning given to such term in Section 6.10(b). 

“Foreign Subsidiary” shall mean any Subsidiary of the Sponsor that is not a Domestic Subsidiary. 

“Franchise Agreement” shall mean the written agreement between Sponsor and a Franchisee whereby the Franchisee is
authorized to establish an Aaron’s franchise. 

  
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 “Franchisee” shall mean a Canadian Franchisee or a US Franchisee, as
the case may be. 
 “Franchisee Borrowing Base” shall mean, on any date of determination, an amount equal to a
multiple of Rental Revenue for the most recently ended three calendar months, as determined for each Borrower by Aaron’s and specified in the Funding Approval Notice for such Borrower. 

“Franchisee Loan” shall mean either a Canadian Loan or a US Loan, as the case may be. 

“Franchisee Loan Program” shall mean the transaction evidenced by (i) this Agreement wherein the Sponsor has
guaranteed, to the extent set forth herein, certain obligations of Franchisees of the Sponsor, and (ii) the other Operative Documents executed in connection herewith and therewith. 

“Funded Participation” shall mean (x) with respect to any Participant other than Truist Bank, the portion of such
Participant’s Participating Commitment that has been funded in US Dollars or Canadian Dollars, and (y) with respect to Truist Bank, the portion of the Facility Commitment (including Swing Line Advances) that has been funded in US Dollars
or Canadian Dollars, less the aggregate Funded Participations of all other Participants. 
 “Funding Approval
Notice” shall mean a written notice to the Servicer from Sponsor setting forth the conditions of a proposed Loan Commitment, consistent with the requirements therefor as set forth in this Agreement, and containing such information and
in substantially such form as shall be agreed to by Servicer and Sponsor pursuant to the Servicing Agreement. 
 “Funding
Availability Date” shall mean the first date on which all the conditions precedent in Section 13.2 are satisfied (or waived in accordance with Section 15.2). 

“GAAP” shall mean generally accepted accounting principles in the United States applied on a consistent basis and
subject to the terms of Section 1.2. 
 “Governmental Authority” shall mean the government
of the United States of America, Canada, any other nation or any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive,
legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government. 

“Guarantee” of or by any Person (the “guarantor”) shall mean any obligation, contingent or
otherwise, of the guarantor guaranteeing or having the economic effect of guaranteeing any Indebtedness or other obligation of any other Person (the “primary obligor”) in any manner, whether directly or indirectly and
including any obligation, direct or indirect, of the guarantor (i) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation or to purchase (or to advance or supply funds for the
purchase of) any security for the payment thereof, (ii) to purchase or lease property, securities or services for the purpose of assuring the owner of such Indebtedness or other obligation of the payment thereof, (iii) to maintain working
capital, equity capital or any other financial statement condition or liquidity of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation or (iv) as an account party in respect of any letter of
credit or letter of guaranty issued in support of such Indebtedness or obligation; provided, that the term “Guarantee” shall not include endorsements for collection or deposits in the ordinary course of business. The amount of any
Guarantee shall be deemed to be an amount equal to the stated or determinable amount of the primary obligation in respect of which Guarantee is made or, if not so stated or determinable, the maximum reasonably anticipated liability in respect
thereof (assuming such Person is required to perform thereunder) as determined by such Person in good faith. The term “Guarantee” used as a verb has a corresponding meaning. 

  
 17 

 “Guaranteed Obligations” shall mean the aggregate amount of all Loan
Indebtedness of all Borrowers outstanding under all Loan Documents to include, without limitation (i) all principal, interest and commitment fees due with respect to all Loans, including post-petition interest in any proceeding under federal
bankruptcy laws, (ii) all fees, expenses, and amounts payable by all Borrowers for reimbursement or indemnification under the terms of all Loan Agreements and all other Loan Documents executed in connection with the Loan to such Borrower,
(iii) all amounts advanced by Servicer to protect or preserve the value of any security for the Loans, and (iv) all renewals, extensions, modifications, and refinancings (in whole or in part) of any of the amounts referred to in clauses
(i) and (ii) above). 
 “Guarantors” shall mean, collectively, Holdings, Aaron Investment Company and certain
other Restricted Subsidiaries of the Sponsor that from time to time become parties to the Guaranty Agreement and their respective successors and permitted assigns. 

“Guaranty Agreement” shall mean that certain Guaranty Agreement, dated as of the Effective Date, executed by Holdings,
the Sponsor and certain Restricted Subsidiaries of the Sponsor in favor of the Servicer and the Participants, substantially in the form of Exhibit D, as the same may be amended, restated, supplemented or otherwise modified
from time to time. 
 “Hazardous Materials” shall mean all explosive or radioactive substances or wastes and all
hazardous or toxic substances, wastes or other pollutants, including petroleum or petroleum distillates, asbestos or asbestos containing materials, polychlorinated biphenyls, radon gas, infectious or medical wastes and all other substances or wastes
of any nature regulated pursuant to any Environmental Law. 
 “Hedging Transaction” of any Person shall mean
(i) any transaction (including an agreement with respect to any such transaction) now existing or hereafter entered into by such Person that is a rate swap transaction, swap option, basis swap, forward rate transaction, commodity swap,
commodity option, equity or equity index swap or option, bond option, interest rate option, foreign exchange transaction, cap transaction, floor transaction, collar transaction, currency swap transaction, cross-currency rate swap transaction,
currency option, spot transaction, credit protection transaction, credit swap, credit default swap, credit default option, total return swap, credit spread transaction, repurchase transaction, reverse repurchase transaction, buy/sell-back
transaction, securities lending transaction, or any other similar transaction (including any option with respect to any of these transactions) or any combination thereof, whether or not any such transaction is governed by or subject to any master
agreement and (ii) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives
Association, Inc., any International Foreign Exchange Master Agreement, or any other master agreement (any such master agreement, together with any related schedules, a “Master Agreement”), including any such obligations or
liabilities under any Master Agreement. 
 “Holdings” shall have the meaning set forth in the introductory paragraph
hereto. 
 “Inactive Subsidiaries” shall mean the Subsidiaries of Holdings identified on Schedule 1.1(d).

 “Indebtedness” of any Person shall mean, without duplication (i) all obligations of such Person for borrowed
money, (ii) all obligations of such Person evidenced by bonds, debentures, notes or other similar instruments, (iii) all obligations of such Person in respect of the deferred purchase price of property or services (other than trade
payables incurred in the ordinary course of business; provided, that for purposes of Section 9.6, trade payables overdue by more than one hundred twenty (120) days shall be included in this definition except to
the extent that any of such trade payables are being disputed in good faith and by appropriate measures), (iv) all obligations of such Person under any conditional sale or other title retention agreement(s) relating to property acquired by such
Person, (v) all Capital Lease Obligations of such Person, 

  
 18 

 
(vi) all obligations, contingent or otherwise, of such Person in respect of letters of credit, acceptances or similar extensions of credit, (vii) all Guarantees of such Person of the type of
Indebtedness described in clauses (i) through (vi) above, (viii) all Indebtedness of a third party secured by any Lien on property owned by such Person, whether or not such Indebtedness has been assumed by such Person, (ix) all
obligations of such Person, contingent or otherwise, to purchase, redeem, retire or otherwise acquire for value any Capital Stock of such Person, and (x) Off-Balance Sheet Liabilities. The Indebtedness of
any Person shall include the Indebtedness of any partnership or joint venture in which such Person is a general partner or a joint venturer, except to the extent that the terms of such Indebtedness provide that such Person is not liable therefor.

 “Intercreditor Agreement” shall mean an intercreditor agreement to be entered into upon the occurrence of the
Trigger Event by the Servicer, on behalf of the Participants, and Truist Bank, as administrative agent under the Credit Agreement, on behalf of the holders of the Obligations as defined in the Credit Agreement, which intercreditor agreement shall
provide for the sharing of collateral and the proceeds thereof as provided more specifically therein. 
 “Lease
Contract” shall mean a contract between a Borrower and a customer to lease Merchandise in the form approved by the Sponsor (and which may include purchase options). 

“Lien” shall mean any mortgage, pledge, security interest, lien (statutory or otherwise), charge, encumbrance,
hypothecation, assignment, deposit arrangement, or other arrangement having the practical effect of any of the foregoing or any preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever (including
any conditional sale or other title retention agreement and any capital lease having the same economic effect as any of the foregoing). A covenant not to grant a Lien or a “Negative Pledge” shall not be determined a Lien for purposes of
this Agreement. 
 “Line of Credit Commitment” shall mean either a US Line of Credit Commitment or Canadian Line of
Credit Commitment, as the case may be. 
 “Line of Credit Loans” shall mean either a US Line of Credit Loan or
Canadian Line of Credit Loan, as the case may be. 
 “Line of Credit Note” shall mean either a US Line of Credit
Note or Canadian Line of Credit Note, as the case may be. 
 “Loan Agreement” shall mean either a US Loan Agreement
or a Canadian Loan Agreement, as the case may be. 
 “Loan Commitment” shall mean either a US Loan Commitment or a
Canadian Loan Commitment, as the case may be. 
 “Loan Default” shall mean the occurrence of one or more of the
following events with respect to any Loan: (i) a Loan Payment Default, (ii) the bankruptcy or insolvency of the Borrower or any Guarantor of such Loan, or the appointment of a receiver, trustee, custodian or similar fiduciary for such
Borrower or Guarantor, or the assignment for the benefit of creditors by such Borrower or Guarantor, or the offering of settlement or composition to the unsecured creditors of such Borrower or Guarantor generally or (iii) the termination of (or
failure to renew) the Franchise Agreement to which the Borrower of such Loan is a party. 
 “Loan Documents” shall
mean, the US Loan Documents and the Canadian Loan Documents 

  
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 “Loan Indebtedness” shall mean all amounts due and payable by a
Borrower under the terms of the Loan Documents governing the Loan to such Borrower, including, without limitation, outstanding principal, accrued interest, any commitment fees, and all reasonable costs and expenses of any legal proceeding brought by
the Servicer to collect any of the foregoing (including without limitation, reasonable attorneys’ fees actually incurred). 

“Loan Payment Default” shall mean the failure of a Borrower to make a payment of principal, accrued interest thereon
or any other amounts, within the cure period following the due date therefor, as provided under the applicable Loan Documents. 

“Loan Term” shall mean, with respect to any Loan, the prescribed term of the Loan Commitment relating to such Loan, as
documented in the applicable Loan Documents, and any term-out period thereafter; provided, however, that the Loan Term shall not exceed (x) in the case of a Line of Credit Commitment, 364
days subject to extension in accordance with the terms of the applicable Loan Agreement, plus, in the event that the Line of Credit Commitment is terminated upon ninety (90) days’ prior notice from the Servicer, the Amortization Period and
(y) in the case of a US Revolving Commitment and a US Term Loan Commitment, four (4) years and (z) in the case of a Canadian Revolving Commitment and a Canadian Term Loan Commitment, two (2) years. 

“Loans” shall mean either a US Loan or Canadian Loan, as the case may be. 

“Margin Regulations” shall mean Regulation T, Regulation U and Regulation X of the Board of Governors of the Federal
Reserve System, as the same may be in effect from time to time. 
 “Master Note” shall mean either a US Master Note
or a Canadian Master Note, as the case may be. 
 “Material Adverse Effect” shall mean, with respect to any event,
act, condition or occurrence of whatever nature (including any adverse determination in any litigation, arbitration, or governmental investigation or proceeding), whether singularly or in conjunction with any other event or events, act or acts,
condition or conditions, occurrence or occurrences whether or not related, resulting in a material adverse change in, or a material adverse effect on, (i) the business, results of operations, financial condition, assets, liabilities or
prospects of Holdings, the Sponsor and its Restricted Subsidiaries taken as a whole, (ii) the ability of the Sponsor or the Credit Parties taken as a whole to perform any of their respective obligations under the Operative Documents
(iii) the rights and remedies of the Servicer and the Participants under any of the Operative Documents or (iv) the legality, validity or enforceability of any of the Operative Documents. 

“Material Domestic Subsidiary” shall mean any Domestic Subsidiary of Holdings (other than the Sponsor) that is a
Restricted Subsidiary that has not already become a Guarantor that (i) at any time (A) accounted for five percent (5.0%) of Consolidated EBITDA for any period of four (4) Fiscal Quarters ended or (B) holds assets in an amount
equal to or greater than five percent (5.0%) of the aggregate fair market value (as reasonably determined by the Sponsor) of the total assets of Holdings, the Sponsor and its Restricted Subsidiaries determined on a consolidated basis as of the last
day of the most recent Fiscal Quarter, or (ii) when taken together with other Domestic Subsidiaries that are Restricted Subsidiaries that are not already Guarantors, (x) accounted for ten percent (10.0%) of Consolidated EBITDA for any
period of four (4) Fiscal Quarters ended or (y) holds assets in an amount equal to or greater than ten percent (10.0%) of the aggregate fair market value (as reasonably determined by the Sponsor) of the total assets of Holdings, the
Sponsor and its Restricted Subsidiaries determined on a consolidated basis as of the last day of the most recent Fiscal Quarter. Upon the acquisition of a new Domestic Subsidiary or the merger or consolidation of any Person with or into an existing
Domestic Subsidiary (or the acquisition of other assets by an existing Domestic Subsidiary), in each case, that is a Restricted Subsidiary, the qualification of the 

  
 20 

 
affected Domestic Subsidiary as a “Material Domestic Subsidiary” pursuant to the foregoing requirements of this definition shall be determined on a Pro Forma Basis as if such Domestic
Subsidiary had been acquired or such merger, consolidation or other acquisition had occurred, as applicable, at the beginning of the relevant period of four (4) consecutive Fiscal Quarters. 

“Material Indebtedness” shall mean, as of any date of determination, Indebtedness of any one or more of Holdings, the
Sponsor and its Restricted Subsidiaries in an aggregate principal amount greater than an amount equal to two percent (2.0%) of the aggregate book value of the total assets of Holdings, the Sponsor and its Restricted Subsidiaries determined on a
consolidated basis as of the last day of the most recently ended Fiscal Quarter for which financial statements have been delivered; provided, that, Indebtedness of Progressive Finance and Progressive Finance Subsidiaries shall not
constitute “Material Indebtedness” so long as no Credit Party Guarantees or otherwise becomes obligated with respect to any such Indebtedness. 

“Material Real Estate” shall mean Real Estate with a fair market value (as reasonably determined by the Sponsor in
consultation with the Servicer) in excess of $10,000,000. 
 “Material Subsidiary” shall mean at any time any direct
or indirect Restricted Subsidiary of Holdings having: (a) assets in an amount equal to at least five percent (5.0%) of the aggregate book value of the total assets of Holdings, the Sponsor and its Restricted Subsidiaries determined on a
consolidated basis as of the last day of the most recent Fiscal Quarter at such time; or (b) revenues or net income in an amount equal to at least five percent (5.0%) of the total revenues or net income of Holdings, the Sponsor and its
Restricted Subsidiaries on a consolidated basis for the 12-month period ending on the last day of the most recent Fiscal Quarter at such time 

“Maturity Date” shall mean, with respect to any Loan, the date set forth under the applicable Loan Documents when the
related Loan Commitment has terminated and all principal and interest with respect to such Loan shall become due and payable in full; provided that, each Maturity Date shall be a Borrower Payment Date or Canadian Borrower Payment Date, as the
case may be. 
 “Maximum Commitment Amount” shall mean Twenty-Five Million and No/100 Dollars ($25,000,000), as such
amount may be reduced pursuant to Section 2.7, Section 2.9 or Article IX. 

“Merchandise” shall mean goods distributed or sold to Franchisees through Sponsor. 

“Monthly Servicing Report” shall have the meaning set forth in Section 3.3. 

“Moody’s” shall mean Moody’s Investors Service, Inc. 

“Mortgaged Property” shall mean, collectively, the Real Estate subject to the Mortgages, including, but not limited
to, any Real Estate for which a Mortgage is required to be delivered after the occurrence of the Trigger Event pursuant to Section 6.13. 

“Mortgages” shall mean, collectively, each mortgage, deed of trust, trust deed, security deed, debenture, deed of
immovable hypothec, deed to secure debt or other real estate security documents delivered by any Credit Party to the Servicer from time to time, all in form and substance reasonably satisfactory to the Servicer, as the same may be amended, amended
and restated, extended, supplemented, substituted or otherwise modified from time to time. 
 “Multiemployer Plan”
shall have the meaning set forth in Section 4001(a)(3) of ERISA. 

  
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 “Non-Defaulting Participant”
shall mean, at any time, a Participant that is not a Defaulting Participant. 
 “Notes” shall mean, collectively,
the Canadian Line of Credit Notes, the Canadian Master Notes, the Canadian Revolving Notes, the Canadian Term Notes, the US Line of Credit Notes, the US Master Notes, the US Revolving Notes and the US Term Notes. 

“OFAC” shall mean the U.S. Department of the Treasury’s Office of Foreign Assets Control. 

“Off-Balance Sheet Liabilities” of any Person shall mean (i) any
repurchase obligation or liability of such Person with respect to accounts or notes receivable sold by such Person, other than indemnity obligations for any breach of any representation or warranty which are customary in non-recourse sales of such assets, (ii) any liability of such Person under any sale and leaseback transactions which do not create a liability on the balance sheet of such Person, (iii) any liability of
such Person under any so-called “synthetic” lease transaction or (iv) any obligation arising with respect to any other transaction which is the functional equivalent of or takes the place of
borrowing but which does not constitute a liability on the balance sheet of such Person. 
 “Opening Date” shall
mean, with respect to each store location, the date determined by the Sponsor to be the opening date of such location in accordance with its standard practice, as notified to the Servicer in accordance with the terms hereof. 

“Operative Documents” shall mean this Agreement, the Guaranty Agreement, the Servicing Agreement, the Fee Letter, the
Intercreditor Agreement, if any, the Credit Party Collateral Documents, if any, and any other documents delivered by Sponsor or any Guarantor to the Servicer or the Participants in connection herewith or therewith. 

“PAD Authorization” shall mean a pre-authorized debit authorization executed
by Borrower authorizing the Servicer to cause a specified account of Borrower to be debited to pay amounts payable, such authorization to be in the form attached to the Servicing Agreement as Exhibit K or such other form as the Servicer may require
from time to time. 
 “Parent Company” shall mean, with respect to a Participant, the bank holding company (as
defined in Federal Reserve Board Regulation Y), if any, of such Participant, and/or any Person owning, beneficially or of record, directly or indirectly, a majority of the shares of such Participant. 

“Participant” shall mean Truist, the other lending institutions listed on the signature pages hereof and each assignee
thereof, if any, pursuant to the terms hereof. 
 “Participant Canadian Monthly Payment Date” shall mean the last
day of each calendar month; provided, however, if such day is not a Canadian Business Day, the next succeeding Canadian Business Day which is also a Business Day. 

“Participant Canadian Quarterly Payment Date” shall mean the last day of each calendar quarter; provided,
however, if such day is not a Canadian Business Day, the next succeeding Canadian Business Day which is also a Business Day. 

“Participant Commitment Fee” shall have the meaning set forth in Section 2.4. 

“Participant Funding” shall mean a funding by the Participants of their respective Participant’s Interest in
Advances or Loans in US Dollars or Canadian Dollars. 

  
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 “Participant Insolvency Event” shall mean that (i) a
Participant or its Parent Company is insolvent, or is generally unable to pay its debts as they become due, or admits in writing its inability to pay its debts as they become due, or makes a general assignment for the benefit of its creditors,
(ii) a Participant or its Parent Company is the subject of a bankruptcy, insolvency, reorganization, liquidation or similar proceeding, or a receiver, trustee, conservator, custodian or similar Person charged with reorganization or liquidation
of its business or assets, including the Federal Deposit Insurance Corporation or any other state or federal regulatory authority acting in such capacity, has been appointed for such Participant or its Parent Company, or Participant or its Parent
Company has taken any action in furtherance of or indicating its consent to or acquiescence in any such proceeding or appointment or (iii) a Participant or its Parent Company has been adjudicated as, or determined by any Governmental Authority
having regulatory authority over such Person or its assets to be, insolvent; provided that, for the avoidance of doubt, a Participant Insolvency Event shall not be deemed to have occurred solely by virtue of the ownership or
acquisition of any equity interest in or control of a Participant or its Parent Company thereof by a Governmental Authority or an instrumentality thereof so long as such ownership or acquisition does not result in or provide such Participant with
immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Participant (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any
contracts or agreements made with such Participant. 
 “Participant’s Interest” shall have the meaning set
forth in Section 2.2. 
 “Participant Monthly Payment Date” shall mean the last day of
each calendar month; provided, however, if such day is not a Business Day, the next succeeding Business Day. 

“Participant Quarterly Payment Date” shall mean the last day of each calendar quarter; provided,
however, if such day is not a Business Day, the next succeeding Business Day. 
 “Participant’s Unused
Commitment” shall mean, with respect to any Participant, the difference between such Participant’s Participating Commitment Amount and the US Dollar Equivalent of such Participant’s Funded Participation. 

“Participating Commitment” shall mean the commitment of each Participant to fund its Participant’s Interest in
outstanding US Loans in US Dollars and in outstanding Canadian Loans in Canadian Dollars, in an aggregate amount (on a US Dollar Equivalent basis) not to exceed such Participant’s Participating Commitment Amount. 

“Participating Commitment Amount” shall mean the amount set forth opposite each Participant’s name on Schedule
1.1(b) attached hereto, as such amount may be modified by assignment pursuant to the terms hereof; provided, that, following the termination of the Facility Commitment, each Participant’s Participating Commitment Amount shall be
deemed to be its Pro Rata Share of the aggregate principal amount of all Loan Commitments. 
 “Participation
Certificate” shall mean a certificate issued by the Servicer to a Participant, substantially in the form of Exhibit E attached hereto, evidencing such Participant’s ownership interest conveyed hereunder. 

“Payment Period” shall mean a period of one (1) month; provided that (i) the first day of a
Payment Period must be a Business Day, (ii) any Payment Period that would otherwise end on a day that is not a Business Day shall be extended to the next succeeding Business Day, (iii) the first Payment Period hereunder shall commence on
the date hereof and shall end on the last day of the next succeeding calendar month and (iv) the first day of any succeeding Payment Period shall be the last day of the preceding Payment Period and shall end on the last day of the next
succeeding calendar month. 

  
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 “PBGC” shall mean the Pension Benefit Guaranty Corporation
referred to and defined in ERISA, and any successor entity performing similar functions. 
 “Permitted Acquisition”
shall mean any Acquisition (whether foreign or domestic) so long as (a) immediately before and after giving effect to such Acquisition, no Credit Event or Unmatured Credit Event is in existence, (b) such Acquisition has been approved by
the board of directors of the Person being acquired prior to any public announcement thereof, (c) to the extent such Acquisition is of a Person or Persons that are not organized in the United States and/or of all or substantially all of the
assets of a Person located outside the United States and the aggregate EBITDA attributable to all Foreign Subsidiaries that are Restricted Subsidiaries for the most recently ended twelve month period (giving pro forma effect to such Acquisition)
exceeds twenty percent (20%) of Consolidated EBITDA for the most recently ended twelve month period, the Sponsor complies with Section 6.10(b) hereof and (d) immediately after giving effect to such Acquisition,
Holdings, the Sponsor and its Restricted Subsidiaries will not be engaged in any business other than (A) substantially the same business as presently conducted or such other businesses that are reasonably related thereto, including but not
limited to the business of leasing and selling furniture, consumer electronics, computers, appliances and other household goods and accessories inside and outside of the United States of America, through both independently-owned and franchised
stores, providing lease-purchase solutions, credit and other financing solutions to customers for the purchase and lease of such products, the manufacture and supply of furniture and bedding for lease and sale in such stores, and the provision of
virtual rent-to-own programs inside and outside of the United States of America (including but not limited to point-of-sale lease purchase programs), (B) any other businesses which are ancillary or complementary to, or reasonable extensions or expansions of, the business of Holdings, the Sponsor and its Restricted
Subsidiaries as conducted as of the Effective Date, as reasonably determined in good faith by the Sponsor and (C) any businesses that are materially different from the business of Holdings, the Sponsor and its Restricted Subsidiaries as
conducted as of the Effective Date provided that any Investments made, funds expended or financial support provided by Holdings, the Sponsor and/or its Restricted Subsidiaries in connection with such alternative lines of business shall not exceed
$50,000,000 in the aggregate at any time outstanding. As used herein, Acquisitions will be considered related Acquisitions if the sellers under such Acquisitions are the same Person or any Affiliate thereof. 

“Permitted Encumbrances” shall mean 

(i) Liens imposed by law for taxes not yet due or which are being contested in good faith by appropriate proceedings and with
respect to which adequate reserves are being maintained in accordance with GAAP; 
 (ii) statutory Liens of landlords and
Liens of carriers, warehousemen, mechanics, materialmen and other Liens imposed by law created in the ordinary course of business for amounts not yet due or which are being contested in good faith by appropriate proceedings and with respect to which
adequate reserves are being maintained in accordance with GAAP; 
 (iii) pledges and deposits made in the ordinary course of
business in compliance with workers’ compensation, unemployment insurance and other social security laws or regulations; 

(iv) deposits to secure the performance of bids, trade contracts, leases, statutory obligations, surety and appeal bonds,
performance bonds and other obligations of a like nature, in each case in the ordinary course of business; 

  
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 (v) judgment and attachment liens not giving rise to a Credit Event or Liens
created by or existing from any litigation or legal proceeding that are currently being contested in good faith by appropriate proceedings and with respect to which adequate reserves are being maintained in accordance with GAAP; 

(vi) easements, zoning restrictions,
rights-of-way and similar encumbrances on real property imposed by law or arising in the ordinary course of business that do not secure any monetary obligations and do
not materially detract from the value of the affected property or materially interfere with the ordinary conduct of business of Holdings, the Sponsor and its Restricted Subsidiaries taken as a whole; 

(vii) other Liens incidental to the conduct of its business or the ownership of its property and assets which were not incurred
in connection with the borrowing of money or the obtaining of advances or credit, and which do not in the aggregate materially detract from the value of its property or assets or materially impair the use thereof in the operation of its business;
and 
 (viii) Liens on insurance policies owned by the Sponsor on the lives of its officers securing policy loans obtained
from the insurers under such policies; provided that (A) the aggregate amount borrowed on each policy shall not exceed the loan value thereof, and (B) the Sponsor shall not incur any liability to repay any such loan; 

provided, that the term “Permitted Encumbrances” shall not include any Lien securing Indebtedness. 

“Permitted Investments” shall mean: 

(i) direct obligations of, or obligations the principal of and interest on which are unconditionally guaranteed by, the United
States (or by any agency thereof to the extent such obligations are backed by the full faith and credit of the United States), in each case maturing within one year from the date of acquisition thereof; 

(ii) commercial paper having an A or better rating, at the time of acquisition thereof, of S&P or Moody’s and in
either case maturing within one year from the date of acquisition thereof; 
 (iii) certificates of deposit, bankers’
acceptances and time deposits maturing within one year of the date of acquisition thereof issued or guaranteed by or placed with, and money market deposit accounts issued or offered by, any domestic office of any commercial bank organized under the
laws of the United States or any state thereof which has a combined capital and surplus and undivided profits of not less than $500,000,000; 

(iv) fully collateralized repurchase agreements with a term of not more than 30 days for securities described in clause
(i) above and entered into with a financial institution satisfying the criteria described in clause (iii) above; and 

(v) mutual funds investing solely in any one or more of the Permitted Investments described in clauses (i) through (iv)
above. 
 “Person” shall mean any individual, partnership, firm, corporation, association, joint venture, limited
liability company, trust or other entity, or any Governmental Authority. 

  
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 “Personal Guaranty” shall mean any guaranty from a principal of a
Borrower substantially in the form required by the Servicing Agreement. 
 “Plan” shall mean any employee pension
benefit plan (other than a Multiemployer Plan) subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA, and in respect of which the Sponsor or any ERISA Affiliate is (or, if such plan were
terminated, would under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA. 

“Prime Rate” shall mean the per annum rate of interest designated from time to time by Truist to be its prime rate.
The Prime Rate is a reference rate and does not necessarily represent the lowest or best rate of interest that is being offered by Truist to its borrowers. 

“Pro Forma Basis” shall mean, for purposes of calculating compliance with respect to any asset sale (including any
disposition of property to a Delaware Divided LLC pursuant to a Delaware LLC Division), casualty event, Permitted Acquisition, Restricted Payment or incurrence of Indebtedness, or any other transaction subject to calculation on a “Pro Forma
Basis” as indicated herein (including without limitation, for purposes of determining compliance with the financial covenants in Article VII, and determining the Applicable Margin and Applicable Percentage) that such transaction shall be
deemed to have occurred as of the first day of the period of four Fiscal Quarters most recently ended (the “Reference Period”) for which the Sponsor has delivered financial statements pursuant to
Section 6.1(a) or (b). For purposes of any such calculation in respect of any Permitted Acquisition, (a) income statement and cash flow statement items attributable to the Person or property subject to such
Permitted Acquisition shall be included in Consolidated EBITDA for such Reference Period after giving pro forma effect thereto as if such Permitted Acquisition occurred on the first day of such Reference Period; (b) any Indebtedness incurred or
assumed by Holdings, the Sponsor or any Restricted Subsidiary (including the Person or property acquired) in connection with such transaction and any Indebtedness of the Person or property acquired which is not retired in connection with such
transaction (i) shall be deemed to have been incurred as of the first day of the applicable period and (ii) if such Indebtedness has a floating or formula rate, shall have an implied rate of interest for the applicable period for purposes
of this definition determined by utilizing the rate which is or would be in effect with respect to such Indebtedness as at the relevant date of determination; (c) capital expenditures attributable to the Person or property acquired shall be
included beginning as of the first day of the applicable period; and (d) except as permitted pursuant to clauses (I), (J) and (K) of the definition of Consolidated EBITDA, no adjustments for unrealized synergies shall be included. For
purposes of any such calculation in respect of (a) the designation of any Restricted Subsidiary as an Unrestricted Subsidiary, (i) income statement and cash flow statement items (whether positive or negative) attributable to such
Subsidiary shall be excluded to the extent relating to any period occurring prior to the date of such designation and (ii) Indebtedness of such Subsidiary shall be excluded and deemed to have been retired as of the first day of the Reference
Period and (b) the designation of any Unrestricted Subsidiary as an Restricted Subsidiary, (i) income statement and cash flow statement items (whether positive or negative) attributable to such Subsidiary shall be included to the extent
relating to any period prior to the date of such designation to the extent such items are not otherwise included in such income statement and cash flow statement items for Holdings, the Sponsor and its Restricted Subsidiaries in accordance with any
defined terms set forth in this Section 1.1. 
 “Pro Forma Compliance Certificate” shall
mean a certificate of a Responsible Officer of the Sponsor containing (x) reasonably detailed calculations of the financial covenants set forth in Article VII recomputed as of the end of the period of the four Fiscal Quarters most
recently ended for which the Sponsor has delivered financial statements pursuant to Section 6.1(a) or (b) after giving effect to the applicable transaction on a Pro Forma Basis and (y) if delivered in
connection with any Permitted Acquisition, certifications that clauses (i) through (iv) of the definition of “Permitted Acquisition” have been satisfied (or will be satisfied in the time permitted under this Agreement).

  
 26 

 “Pro Rata Share” shall mean, with respect to each of the
Participants at any time, the percentage determined by dividing such Participant’s Participating Commitment at such time by the total principal amount of all Participating Commitments at such time. 

“Progressive Finance” shall mean Aaron’s Holdings Company, Inc., a Georgia corporation. 

“Progressive Finance Subsidiaries” shall mean the direct and indirect Subsidiaries of Progressive Finance identified
on Schedule 1.1(c) hereto. 
 “PTE” shall mean a prohibited transaction class exemption issued by the U.S.
Department of Labor, as any such exemption may be amended from time to time. 
 “Real Estate” shall mean all real
property owned in fee by Holdings, the Sponsor and its Restricted Subsidiaries. 
 “Real Estate Documents” shall
mean, collectively, Mortgages covering all Material Real Estate owned by the Credit Parties, duly executed by each applicable Credit Party, together with (A) title insurance policies, current as-built
ALTA/ACSM Land Title surveys certified to the Servicer, zoning letters, building permits and certificates of occupancy, in each case relating to such Real Estate and reasonably satisfactory in form and substance to the Servicer, (B) (x) “Life
of Loan” Federal Emergency Management Agency Standard Flood Hazard determinations, (y) notices, in the form required under the Flood Insurance Laws, about special flood hazard area status and flood disaster assistance duly executed by each
Credit Party, and (z) if any improved real property encumbered by any Mortgage is located in a special flood hazard area, a policy of flood insurance in minimum amounts required by applicable law and that is on terms reasonably
satisfactory to the Servicer, (C) evidence that counterparts of such Mortgages have been recorded in all places to the extent necessary or desirable, in the judgment of the Servicer, to create a valid and enforceable first priority Lien
(subject to Permitted Encumbrances) on such Real Estate in favor of the Servicer for the benefit of the Participants (or in favor of such other trustee as may be required or desired under local law), (D) if requested by the Servicer, an opinion of
counsel in each state in which such Real Estate is located in form and substance and from counsel reasonably satisfactory to the Servicer, (E) a duly executed Environmental Indemnity with respect thereto, (F) Phase I Environmental Site
Assessment Reports, consistent with American Society of Testing and Materials (ASTM) Standard E 1527-05, and applicable state requirements, on all of the owned Real Estate, dated no more than six
(6) months prior to the date on which the Trigger Event occurred (or date of the applicable Mortgage if provided post-closing) or later if accompanied by no change affidavits, prepared by environmental engineers satisfactory to the Servicer,
all in form and substance satisfactory to the Servicer, and such environmental review and audit reports, including Phase II reports, with respect to the Real Estate of any Credit Party as the Servicer shall have reasonably requested, in each case
together with letters executed by the environmental firms preparing such environmental reports, in form and substance reasonably satisfactory to the Servicer, authorizing the Servicer and the Participants to rely on such reports, and the Servicer
shall be reasonably satisfied with the contents of all such environmental reports and (G) such other reports, documents, instruments and agreements as the Servicer shall reasonably request, each in form and substance reasonably satisfactory to
Servicer. 
 “Regulation D” shall mean Regulation D of the Board of Governors of the Federal Reserve System, as the
same may be in effect from time to time. 
 “Related Parties” shall mean, with respect to any specified Person, such
Person’s Affiliates and the respective directors, officers, employees, agents and advisors of such Person and such Person’s Affiliates. 

  
 27 

 “Release” shall mean any release, spill, emission, leaking, dumping,
injection, pouring, deposit, disposal, discharge, dispersal, leaching or migration into the environment (including ambient air, surface water, groundwater, land surface or subsurface strata) or within any building, structure, facility or fixture.

 “Relevant Governmental Body” shall mean the Federal Reserve Board and/or the Federal Reserve Bank of New York, or
a committee officially endorsed or convened by the Federal Reserve Board and/or the Federal Reserve Bank of New York or any successor thereto. 

“Rental Revenue” shall mean, with respect to any Borrower for any period, the gross revenues of such Borrower from
leases to the public of such Borrower’s furniture inventory and lease equipment, including without limitation, all customer deposits, advance lease payments, waiver fees, late fees, delivery fees, nonsufficient funds fees, reinstatement fees,
but excluding all retail sales proceeds and sales taxes. 
 “Reportable Event” shall have the meaning assigned to
such term in ERISA. 
 “Required Participants” shall mean (x) at any time prior to termination of the Facility
Commitment, Participants holding at least fifty-one percent (51%) of the sum of (A) the aggregate Funded Participations, plus (B) the Participant’s Unused Commitments, and (y) at any
time on and after the termination of the Facility Commitment, Participants holding at least fifty-one percent (51%) of the aggregate outstanding Funded Participations at such time; provided
however, that to the extent that any Participant is a Defaulting Participant, such Defaulting Participant and all of its Participating Commitments, Funded Participations and Participant’s Unused Commitments shall be excluded for purposes
of determining Required Participants. 
 “Requirement of Law” for any person shall mean the articles or
certificate of incorporation and by-laws or other organizational or governing documents of such Person, and any law, treaty, rule or regulation, or determination of an arbitrator or a court or other
governmental authority, in each case applicable to or binding upon such Person or any of its property or to which such Person or any of its property is subject. 

“Reset Date” shall have the meaning assigned to such term in Section 2.14(c). 

“Resolution Authority” shall mean an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK
Resolution Authority. 
 “Response Period” shall mean with respect to any Loan, a period of thirty (30) days
commencing on the day next succeeding the day on which the Sponsor receives a notice from the Servicer that a Loan Payment Default has occurred and is continuing; provided, however, that no Response Period for any Loan shall extend
beyond the Final Termination Date. 
 “Responsible Officer” shall mean any of the president, the chief executive
officer, the chief operating officer, the chief financial officer, the treasurer, the controller or a vice president of the Sponsor or such other representative of the Sponsor as may be designated in writing by any one of the foregoing with the
consent of the Servicer; and, with respect to the financial covenants only, the chief financial officer, the treasurer or the controller of the Sponsor. 

“Restricted Payment” shall have the meaning given to such term in Section 8.5. 

“Restricted Subsidiary” shall mean any Subsidiary other than an Unrestricted Subsidiary. Unless otherwise indicated,
all references to “Restricted Subsidiary” hereunder shall mean a Restricted Subsidiary of Holdings. For the avoidance of doubt, the Sponsor shall be a Restricted Subsidiary of Holdings for all purposes under the Operative Documents. 

  
 28 

 “Restructuring” shall mean the reorganization of Aaron’s
Holdings Company, Inc., a Georgia corporation (“Aaron’s Holdings”) and its Affiliates pursuant to which Aaron’s Progressive Holding Company and its Subsidiaries will cease to be
Subsidiaries of the Sponsor in a spinoff and separation transaction as further disclosed to the Servicer and the Participants. 

“Revolving Commitment” shall mean either a US Revolving Commitment or Canadian Revolving Commitment, as the case may
be. 
 “Revolving Loans” shall mean either a US Revolving Loan or Canadian Revolving Loan, as the case may be. 

“S&P” shall mean Standard & Poor’s, a Standard & Poor’s Financial Services LLC
business. 
 “Sanctioned Country” shall mean, at any time, a country, region or territory that is, or whose
government is, the subject or target of any Sanctions. 
 “Sanctioned Person” shall mean, at any time, (i) any
Person listed in any Sanctions-related list of designated Persons maintained by OFAC, the U.S. Department of State, the United Nations Security Council, the European Union or any EU member state, (ii) any Person located, organized or resident
in a Sanctioned Country, (iii) any Person owned or controlled by any such Person or (iv) any Person otherwise the subject of any Sanctions. 

“Sanctions” shall mean economic or financial sanctions or trade embargoes administered or enforced from time to time
by (i) the U.S. government, including those administered by OFAC or the U.S. Department of State or (ii) the United Nations Security Council, the European Union, any EU Member State or Her Majesty’s Treasury of the United Kingdom.

 “Security Agreement” shall mean the security agreement in the form of Exhibit G. 

“Servicer” shall mean Truist Bank and its successors and assigns. 

“Servicing Agreement” shall mean that certain Servicing Agreement, dated as of the Effective Date, by and between the
Sponsor and the Servicer, as amended, restated, supplemented or otherwise modified from time to time. 
 “Servicing
Fee” shall mean the fee payable to the Servicer pursuant to the terms of the Servicing Agreement. 

“SOFR” with respect to any day means a rate per annum equal to the secured overnight financing rate published for such
day by the Federal Reserve Bank of New York, as the administrator of the benchmark, (or a successor administrator) on the Federal Reserve Bank of New York’s Website. 

“Solvent” shall mean, with respect to any Person on a particular date, that on such date (a) the fair value of
the property of such Person is greater than the total amount of liabilities, including subordinated and contingent liabilities, of such Person; (b) the present fair saleable value of the assets of such Person is not less than the amount that
will be required to pay the probable liability of such Person on its debts and liabilities, including subordinated and contingent liabilities as they become absolute and matured; (c) such Person does not intend to, and does not believe that it
will, incur debts or liabilities beyond such Person’s 

  
 29 

 
ability to pay as such debts and liabilities mature; and (d) such Person is not engaged in a business or transaction, and is not about to engage in a business or transaction, for which such
Person’s property would constitute an unreasonably small capital. The amount of contingent liabilities (such as litigation, guaranties and pension plan liabilities) at any time shall be computed as the amount that, in light of all the facts and
circumstances existing at the time, represents the amount that would reasonably be expected to become an actual or matured liability. 

“Specified Asset” shall mean that certain asset disclosed to the Servicer and the Participants prior to the Effective
Date. 
 “Sponsor” shall have the meaning set forth in the opening paragraph hereof. 

“Sponsor’s Fee” shall have the meaning set forth in the Servicing Agreement. 

“Spousal Consent” shall mean any agreement provided by the spouse of any Person executing a guaranty to the extent
such spouse has not personally executed a guaranty, to be substantially in the form provided by the Servicer. 
 “Store Opening
Information Sheet” shall have the meaning assigned to such term in the Servicing Agreement. 
 “Subordinated
Debt” shall have the meaning set forth in Section 10.6. 
 “Subsidiary” shall
mean, with respect to any Person (the “parent”), any corporation, partnership, joint venture, limited liability company, association or other entity the accounts of which would be consolidated with those of the parent in the
parent’s consolidated financial statements if such financial statements were prepared in accordance with GAAP as of such date, as well as any other corporation, partnership, joint venture, limited liability company, association or other entity
of which securities or other ownership interests representing more than fifty percent (50%) of the equity or more than fifty percent (50%) of the ordinary voting power, or in the case of a partnership, more than fifty percent (50%) of the general
partnership interests are, as of such date, owned, controlled or held, by the parent or one or more subsidiaries of the parent or by the parent and one or more subsidiaries of the parent. Unless otherwise indicated, all references to
“Subsidiary” hereunder shall mean a Subsidiary of Holdings. 
 “SWIFT” shall mean Society for Worldwide
Interbank Financial Telecommunication. 
 “Swing Line Advances” shall have the meaning set forth in
Section 2.3(a). 
 “Taxes” shall mean any and all present or future taxes, levies,
imposts, duties, deductions, charges or withholdings imposed by any Governmental Authority. 
 “Termination Date”
shall mean the earlier of (a) December 31, 2020 and (b) the date on which the Sponsor delivers written notice to the Servicer that it has determined to abandon the Restructuring. 

“Term Loans” shall mean either a US Term Loan or Canadian Term Loan, as the case may be. 

“Term SOFR” shall mean the forward-looking term rate based on SOFR that has been selected or recommended by the
Relevant Governmental Body. 

  
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 “Total Net Debt to EBITDA Ratio” shall mean, at any date of
determination, the ratio of (a) the sum of (i) Consolidated Total Debt as of such date minus (ii) Unrestricted Cash in an aggregate amount not to exceed at any time the aggregate amount of unrestricted cash of Holdings,
the Sponsor and its Restricted Subsidiaries on deposit with, or otherwise held by, any Participant or Affiliate thereof (including, for the avoidance of doubt, cash in accounts that are subject to an account control agreement in favor of the
Servicer) to (b) Consolidated EBITDA for the four consecutive Fiscal Quarters ending on such date. 
 “Transaction
Documents” shall mean, collectively, the Operative Documents and the Credit Documents. 
 “Trigger
Event” shall mean that (a) the Total Net Debt to EBITDA Ratio for the period of four Fiscal Quarters most recently ended, as calculated in the most recently delivered Compliance Certificate pursuant to
Section 6.1(c), exceeds 1.25 to 1.0 or (b) a Trigger Event (as defined in the Credit Agreement) under the Credit Agreement has occurred. 

“UK Financial Institution” shall mean any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended
from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which
includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms. 

“UK Resolution Authority” shall mean the Bank of England or any other public administrative authority having
responsibility for the resolution of any UK Financial Institution. 
 “Unadjusted Benchmark Replacement” shall mean
the Benchmark Replacement excluding the Benchmark Replacement Adjustment. 
 “Uniform Commercial Code” or
“UCC” shall mean the Uniform Commercial Code as in effect from time to time in the State of New York. 

“Unmatured Credit Event” shall mean any condition or event which, with notice or the passage of time or both, would
constitute a Credit Event. 
 “Unrestricted Cash” shall mean, as of any date of determination, the aggregate amount
(without duplication) of cash and Cash Equivalents of Holdings, the Sponsor and its Restricted Subsidiaries to the extent the same would be reflected on a consolidated balance sheet of Holdings and its Restricted Subsidiaries if the same were
prepared as of such date; provided, that, “Unrestricted Cash” of Foreign Subsidiaries shall be net of repatriation costs. 

“Unrestricted Subsidiary” shall mean, collectively, each Subsidiary designated by the Sponsor as an Unrestricted
Subsidiary pursuant to Section 6.14. 
 “US Borrower” shall mean any
Franchisee domiciled in the United States of America that is primarily liable for repayment of a US Loan as a result of having executed US Loan Documents as maker, or its permitted assignee. 

“US Dollar” and the sign “$” shall mean lawful money of the United States of America. 

“US Dollar Equivalent” shall mean, on any date, (i) with respect to any amount
denominated in US Dollars, such amount and (ii) with respect to any amount denominated in Canadian Dollars, the amount of US Dollars that would be required to purchase the amount of such Canadian Dollars on such date based upon the Exchange
Rate as of the applicable date of determination. 

  
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 “US Franchisee” shall mean those certain store operators located in
the United States of America that own and operate stores under the Aaron’s franchise. 
 “US Funded
Participation” shall mean, for any Participant, the portion of such Participant’s Funded Participation in US Dollars. 

“US LIBOR” shall mean, for any Payment Period the offered rate for deposits in US Dollars, for a period of one month
and in an amount comparable to the aggregate outstanding Funded Participations in US Dollars as of the first day of such Payment Period, appearing on the display designated on Reuters Screen LIBOR01 Page (or any successor page) as the London
interbank offered rate for deposits in US Dollars at approximately 11:00 a.m. (London, England time) on the day that is two Business Days prior to the first day of the interest period; provided, that if the Servicer determines that the
relevant foregoing sources are unavailable for the relevant Payment Period, LIBOR shall mean the rate of interest determined by the Servicer to be the average (rounded upward, if necessary, to the nearest 1/100th of 1%) of the rates per annum at which deposits in US Dollars are offered to the Servicer two (2) Business Days preceding the first day of such interest period by leading banks in the London
interbank market as of 10:00 a.m. for delivery on the first day of such Payment Period, for the number of days comprised therein and in an amount comparable to the amount of the Funded Participation of the Servicer; provided, further,
that, if US LIBOR would be less than zero, such rate shall be deemed to be zero for purposes of this Agreement. 
 “US
Line of Credit Commitment” shall mean a commitment to make Line of Credit Loans to a US Borrower in US Dollars pursuant to a US Loan Agreement. 

“US Line of Credit Loans” shall mean Advances made to a US Borrower pursuant to a US Line of Credit Commitment. 

“US Line of Credit Note” shall mean a US Line of Credit Note, executed by a US Borrower in favor of the Servicer,
evidencing such US Borrower’s obligation to repay all US Line of Credit Loans made to it pursuant to a US Line of Credit Commitment, substantially in the form of Exhibit A-1 to the US Loan Agreement, with
such changes as the Sponsor and the Servicer shall agree to from time to time. 
 “US Loan” shall mean either
a US Term Loan, a US Revolving Loan, a US Line of Credit Loan or an Existing Loan, as the case may be. 
 “US Loan
Agreement” shall mean a Loan and Security Agreement setting forth the terms and conditions, as between a US Borrower and the Servicer, under which the Servicer has established a US Loan Commitment to make Advances to such Borrower
pursuant to the US Loan Commitment, substantially in the form of Exhibit C, with such changes as may be mutually agreed by the Sponsor and the Servicer (it being understood that the Servicer will not unreasonably withhold or delay its
agreement to any such changes requested by the Sponsor); provided, however, that any loan agreement or line of credit agreement executed by any Borrower and the Servicer prior to the Effective Date shall be substantially in the form
required under the Existing Loan Facility Agreement (with such changes as may be mutually agreed by the Sponsor and the Servicer, it being understood that the Servicer will not unreasonably withhold or delay its agreement to any such changes
requested by the Sponsor). 
 “US Loan Commitment” shall mean the commitment by the Servicer to make
Advances to a US Borrower in US Dollars in the amount not exceeding, and upon the terms described in, the applicable Funding Approval Notice and the applicable Loan Documents, which US Loan Commitment may be a US Line of Credit Commitment, US
Revolving Commitment or a US Term Loan Commitment. 

  
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 “US Loan Documents” shall mean, with respect to any US
Loan, the US Loan Agreement, the US Master Note, any Personal Guaranty, any Spousal Consent, the Collateral Agreements, in each case relating to such Loan, any other documents relating to such Loan delivered by any Borrower or any guarantor or
surety thereof to the Servicer and any amendments thereto (provided that such amendments are made with the consent of the Sponsor, where such consent is required under this Agreement). 

“US Master Note” shall mean a US Line of Credit Note, US Revolving Note, or US Term Note, as the case may be. 

“US Revolving Commitment” shall mean a commitment to make US Revolving Loans to a US Borrower pursuant
to a Loan Agreement. 
 “US Revolving Loans” shall mean Advances made to a US Borrower pursuant to a US Revolving
Commitment. 
 “US Revolving Note” shall mean that certain Revolving Note, executed by a US Borrower in favor of the
Servicer, evidencing such US Borrower’s obligation to repay all US Revolving Loans made to it pursuant to a US Revolving Commitment, substantially in the form of Exhibit A-2 to the US Loan Agreement, with
such changes as the Sponsor and the Servicer shall agree to from time to time. 
 “US Term Loan
Commitment” shall mean a commitment to make US Term Loans to a US Borrower pursuant to a Loan Agreement. 
 “US Term
Loans” shall mean Advances made to a US Borrower pursuant to a US Term Loan Commitment. 
 “US Term
Note” shall mean that certain Term Note, executed by a US Borrower in favor of the Servicer, evidencing such US Borrower’s obligation to repay all US Term Loans made to it pursuant to a US Term Loan Commitment, substantially in the
form of Exhibit A-3 to the Loan Agreement, with such changes as the Sponsor and the Servicer shall agree to from time to time. 

“Wind-Down Event” shall mean the event that the Facility Commitment is not extended for any reason and the Facility
Commitment Termination Date occurs. 
 “Withdrawal Liability” shall mean liability to a Multiemployer Plan as a
result of a complete or partial withdrawal from such Multiemployer Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA. 

“Write-Down and Conversion Powers” ” shall mean (a) with respect to any EEA Resolution Authority, the
write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in
the EU Bail-In Legislation Schedule and (b) with respect to the United Kingdom, any powers of the applicable Resolution Authority under the Bail-In Legislation to
cancel, reduce, modify or change the form of a liability of any UK Financial Institution or any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that person
or any other person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability or any of the powers under that
Bail-In Legislation that are related to or ancillary to any of those powers. 

  
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 Section 1.2 Accounting Terms and Determination. 

(a) Unless otherwise defined or specified herein, all accounting terms used herein shall be interpreted, all accounting determinations
hereunder shall be made, and all financial statements required to be delivered hereunder shall be prepared, in accordance with GAAP as in effect from time to time, applied on a basis consistent with the most recent audited consolidated financial
statement of Holdings delivered pursuant to Section 6.1(a); provided, that if the Sponsor notifies the Servicer that the Sponsor wishes to amend any covenant in Article VII to eliminate the effect of any
change in GAAP on the operation of such covenant (or if the Servicer notifies the Sponsor that the Required Participants wish to amend Article VII for such purpose), then the Sponsor’s compliance with such covenant shall be determined on
the basis of GAAP in effect immediately before the relevant change in GAAP became effective, until either such notice is withdrawn or such covenant is amended in a manner satisfactory to the Sponsor and the Required Participants. 

(b) Notwithstanding any other provision contained herein, (i) all terms of an accounting or financial nature used herein shall be
construed, and all computations of amounts and ratios referred to herein shall be made, without giving effect to any election under Accounting Standards Codification Section 825-10 (or any other Financial
Accounting Standard having a similar result or effect) to value any Indebtedness or other liabilities of any Credit Party or any Restricted Subsidiary of any Credit Party at “fair value”, as defined therein and (ii) all liability
amounts shall be determined excluding any liability relating to any operating lease, all asset amounts shall be determined excluding any right-of-use assets relating to
any operating lease, all amortization amounts shall be determined excluding any amortization of a right-of-use asset relating to any operating lease, and all interest
amounts shall be determined excluding any deemed interest comprising a portion of fixed rent payable under any operating lease, in each case to the extent that such liability, asset, amortization or interest pertains to an operating lease under
which the covenantor or a member of its consolidated group is the lessee and would not have been accounted for as such under GAAP as in effect on December 31, 2015. 

(c) Notwithstanding the above, the parties hereto acknowledge and agree that all calculations of the financial covenants in Article VII
(including for purposes of determining the Applicable Margin and the Applicable Percentage and any transaction that by the terms of this Agreement requires that any financial covenant contained in Article VII be calculated on a Pro Forma
Basis ) shall be made on a Pro Forma Basis with respect to (a) sales, leases, transfers and/or involuntary dispositions of property in any period of twelve months with an aggregate fair market value in excess of $15,000,000, (b) any
Acquisition, (c) any incurrence of any Incremental Term Loan (as defined in the Credit Agreement) and/or Incremental Revolving Commitment (as defined in the Credit Agreement), (d) any determination of whether a Domestic Subsidiary qualifies as
a “Material Domestic Subsidiary” pursuant to the definition of “Material Domestic Subsidiary” or (e) any payment of a Restricted Payment occurring during such period. 

Section 1.3 Times of Day. Unless otherwise specified, all references herein to times of day shall be
references to Eastern time (daylight or standard, as applicable). 
 Section 1.4 Other Definitional
Terms. 
 (a) The words “hereof”, “herein” and “hereunder” and words of similar import when used in
this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and Article, Section, Schedule, Exhibit and like references are to this Agreement unless otherwise specified. 

(b) Any “Franchisee Loan”, “Loan”, “Loan Commitment” or “Master Note” existing on the Effective Date
shall be deemed to be a Franchisee Loan, US Loan, US Loan Commitment, or US Master Note, as applicable. 

  
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 (c) Any “Revolving Loan”, “Revolving Commitment” or “Revolving
Note” existing on the Effective Date shall be deemed to be a US Revolving Loan, US Revolving Commitment or US Revolving Note, as applicable. 

(d) Any “Term Loan”, “Term Loan Commitment” or “Term Note” existing on the Effective Date shall be deemed to be
a US Term Loan, US Term Loan Commitment or US Term Note, as applicable. 
 (e) Any “Line of Credit Loan”, “Line of Credit
Commitment” or “Line of Credit Note” existing on the Effective Date shall be deemed to be a US Line of Credit Loan, US Line of Credit Commitment or US Line of Credit Note, as applicable. 

Section 1.5 Exhibits and Schedules. All Exhibits and Schedules attached hereto are by reference made a
part hereof. 
 ARTICLE II 

LOAN FACILITY 

Section 2.1 Establishment of Facility Commitment; Terms of Loans.  

(a) Facility Commitment. Subject to and upon the terms and conditions set forth in this Agreement and the other Operative Documents,
and in reliance upon the guaranty and other obligations of the Sponsor set forth herein, the Servicer hereby establishes a commitment to the Sponsor to establish Loan Commitments and to make Advances thereunder in US Dollars and Canadian Dollars to
such Borrowers as may be designated by the Sponsor in its Funding Approval Notices during a period commencing on the date hereof and ending on November 16, 2021 (as such period may be extended for one or more subsequent 364-day periods pursuant to Section 2.8, the “Facility Commitment Termination Date”) in an aggregate committed amount at any one time outstanding not to exceed the
Maximum Commitment Amount (the “Facility Commitment”); provided that, notwithstanding any provision of this Agreement to the contrary, (x) at no time shall the Servicer establish any Loan Commitment for a
Borrower if after giving effect to such Loan Commitment, the US Dollar Equivalent of the aggregate committed amounts of all Loan Commitments outstanding pursuant to the Facility Commitment would exceed the Maximum Commitment Amount and
(y) at no time shall the Servicer establish any Canadian Loan Commitment for a Canadian Borrower if after giving effect to such Canadian Loan Commitment, the aggregate committed amounts of all Canadian Loan Commitments outstanding pursuant to
the Facility Commitment would exceed the Canadian Subfacility Amount. 
 (b) Authorization of US Line of Credit Commitment; Loan
Terms. Within the limits of the Facility Commitment and in accordance with the procedures set forth in this Agreement and the Servicing Agreement, the Sponsor may authorize the Servicer to establish a US Line of Credit Commitment in favor of a
US Franchisee who meets the credit criteria established by the Sponsor. The amount of each US Line of Credit Commitment shall be determined by the Sponsor but shall not be less than $100,000. Pursuant to the US Line of Credit Commitment the Servicer
shall agree to make Advances to the US Borrower thereunder. Each US Line of Credit Loan shall bear interest at the Borrower Rate designated by Sponsor in the applicable Funding Approval Notice, and interest shall be payable on each Borrower Payment
Date and on the Maturity Date of such US Line of Credit Loan when all principal and interest shall be due and payable in full. Each US Line of Credit Loan may be prepaid in full or in part on any Business Day, without premium or penalty. The Loan
Term of each US Line of Credit Commitment shall be, initially, one year, but shall automatically renew unless terminated by ninety (90) days’ prior written notice by Servicer to the US Borrower prior to the first anniversary date and may
thereafter be terminated at any time by Servicer upon ninety (90) days’ prior written notice by Servicer to the US Borrower; provided 

  
 35 

 
that the amounts outstanding thereunder shall be allowed to term out over the Amortization Period as provided below. The proceeds of each Advance made pursuant to the US Line of Credit
Commitments shall be used solely to purchase inventory, and to the extent permitted by Sponsor, to pay state sales and use taxes and freight charges. At the end of each month, the aggregate Advances made to each US Borrower during such month (net of
any prepayments during such month) shall be amortized (in accordance with a straight-line amortization schedule) over the Amortization Period. In the event that the US Line of Credit Commitment of any US Borrower is terminated by the Servicer as
provided above, such US Borrower shall, notwithstanding the other provisions of this Section 2.1(b), amortize all outstanding Advances over the Amortization Period (in accordance with a straight-line amortization schedule),
with all Advances due and payable in full no later than 24 months after termination. In the event that a US Borrower terminates its US Line of Credit Commitment, all amounts advanced to such US Borrower shall be due and payable in full on the
termination date, together with all accrued and unpaid interest thereon. Each US Borrower shall agree to pay a commitment fee on its unused US Line of Credit Commitment in an amount to be determined by the Sponsor but in any event not to exceed
1.00% per annum, such commitment fee to be paid quarterly, in arrears. 
 (c) Authorization of Canadian Line of Credit Commitment; Loan
Terms. Within the limits of the Facility Commitment and the Canadian Subfacility Amount, and in accordance with the procedures set forth in this Agreement and the Servicing Agreement, the Sponsor may authorize the Servicer to establish a
Canadian Line of Credit Commitment in favor of a Canadian Franchisee who meets the credit criteria established by the Sponsor. The amount of each Canadian Line of Credit Commitment shall be determined by the Sponsor but shall not be less than
Cdn$100,000. Pursuant to the Canadian Line of Credit Commitment the Servicer shall agree to make Advances to the Canadian Borrower thereunder. Each Canadian Line of Credit Loan shall bear interest at the Borrower Rate designated by Sponsor in the
applicable Funding Approval Notice, and interest shall be payable on each Canadian Borrower Payment Date and on the Maturity Date of such Canadian Line of Credit Loan when all principal and interest shall be due and payable in full. Each Canadian
Line of Credit Loan may be prepaid in full or in part only on a Canadian Borrower Payment Date for such Canadian Line of Credit Loan (and not on other days), without premium or penalty. The Loan Term of each Canadian Line of Credit Commitment shall
be, initially, 364 days, but shall automatically renew unless terminated by ninety (90) days’ prior written notice by Servicer to the Canadian Borrower prior to the first anniversary date and may thereafter be terminated at any time by
Servicer upon ninety (90) days’ prior written notice by Servicer to the Canadian Borrower; provided that the amounts outstanding thereunder shall be allowed to term out over the Amortization Period as provided below. The proceeds of
each Advance made pursuant to the Canadian Line of Credit Commitments shall be used solely to purchase inventory, and to the extent permitted by Sponsor, to pay sales and use taxes and freight charges. At the end of each month, the aggregate
Advances made to each Canadian Borrower during such month (net of any prepayments during such month) shall be amortized (in accordance with a straight-line amortization schedule) over the Amortization Period. In the event that the Canadian Line of
Credit Commitment of any Canadian Borrower is terminated by the Servicer as provided above, such Canadian Borrower shall, notwithstanding the other provisions of this Section 2.1(c), amortize all outstanding Advances over
the Amortization Period (in accordance with a straight-line amortization schedule), with all Advances due and payable in full no later than 24 months after termination. In the event that a Canadian Borrower terminates its Canadian Line of Credit
Commitment, all amounts advanced to such Canadian Borrower shall be due and payable in full on the termination date, together with all accrued and unpaid interest thereon. Each Canadian Borrower shall agree to pay a commitment fee on its unused
Canadian Line of Credit Commitment in an amount to be determined by the Sponsor but in any event not to exceed 1.00% per annum, such commitment fee to be paid quarterly, in arrears 

  
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 (d) Authorization of US Revolving Commitment and US Term Loan Commitment; Loan
Terms. 
 (i) Within the limits of the Facility Commitment and in accordance with the procedures set forth in this
Agreement and the Servicing Agreement, the Sponsor may authorize the Servicer to establish a US Revolving Commitment and/or a US Term Loan Commitment in favor of a US Franchisee who meets the credit criteria established by the Sponsor. 

(ii) The amount of each US Revolving Commitment shall be determined by the Sponsor, but shall not be less than $100,000.
Pursuant to the US Revolving Commitment, the Servicer shall agree to make Advances in US Dollars to the US Borrower thereunder. Each US Revolving Loan shall bear interest at the Borrower Rate designated by Sponsor in the applicable Funding Approval
Notice, and interest shall be payable on each Borrower Payment Date and on the Maturity Date of such US Revolving Loan when all principal and interest shall be due and payable in full. Each US Revolving Loan may be prepaid in full or in part on any
Business Day, without premium or penalty. The Loan Term of each US Revolving Loan shall not exceed four years. The proceeds of each Advance made pursuant to the US Revolving Commitment shall be used for general corporate purposes. Each US Borrower
with a US Revolving Commitment shall agree to pay a commitment fee on the unused US Revolving Commitment in an amount to be determined by the Sponsor but in any event not to exceed 1.00% per annum, such commitment fee to be paid quarterly, in
arrears. At no time, except as otherwise provided in the form of Loan Agreement, shall the aggregate outstanding principal amount of any and all US Revolving Loans and US Term Loans made to any US Borrower exceed the Franchisee Borrowing Base of
such US Borrower as in effect at such time. 
 (iii) The amount of each US Term Loan Commitment shall be determined by the
Sponsor, but shall not be less than $100,000. Pursuant to the US Term Loan Commitment, the Servicer shall agree to make US Term Loans to the US Borrower thereunder. Each US Term Loan shall bear interest at the Borrower Rate designated by Sponsor in
the applicable Funding Approval Notice, and interest shall be payable on each Borrower Payment Date and on the Maturity Date of such US Term Loan. Principal on each US Term Loan shall be payable on each Borrower Payment Date and shall be amortized
over a period of no more than 7 years with the balance of all outstanding principal due and payable in full on the Maturity Date with respect to such US Term Loan; provided that the Sponsor shall have the option of allowing an interest-only
payment schedule for up to the first six (6) months of such Loan’s term. Each US Term Loan may be prepaid in full or in part on any Business Day, without premium or penalty. The Loan Term of each US Term Loan shall not exceed four years.
The proceeds of each US Term Loan shall be used for general corporate purposes. 
 (e) Authorization of Canadian Revolving Commitment and
Canadian Term Loan Commitment; Loan Terms 
 (i) Within the limits of the Facility Commitment and the Canadian
Subfacility Amount and in accordance with the procedures set forth in this Agreement and the Servicing Agreement, the Sponsor may authorize the Servicer to establish a Canadian Revolving Commitment and/or a Canadian Term Loan Commitment in favor of
a Canadian Franchisee who meets the credit criteria established by the Sponsor. 
 (ii) The amount of each Canadian Term Loan
Commitment shall be determined by the Sponsor, but shall not be less than Cdn$100,000. Pursuant to the Canadian Term Loan Commitment, the Servicer shall agree to make Canadian Term Loans to the Canadian Borrower thereunder. Each Canadian Term Loan
shall bear interest at the Borrower Rate designated by Sponsor in the applicable Funding Approval Notice, and interest shall be payable on each Canadian Borrower Payment Date and on the Maturity Date of such Canadian Term Loan. Principal on each

  
 37 

 
Canadian Term Loan shall be payable on each Canadian Borrower Payment Date and shall be amortized over a period of no more than 7 years with the balance of all outstanding principal due and
payable in full on the Maturity Date with respect to such Canadian Term Loan; provided that the Sponsor shall have the option of allowing an interest-only payment schedule for up to the first six (6) months of such Loan’s term. Each
Canadian Term Loan may be prepaid in full or in part only on a Canadian Borrower Payment Date for such Canadian Term Loan (and not on other days), without premium or penalty. The Loan Term of each Canadian Term Loan shall not exceed two years. 

(iii) The amount of each Canadian Revolving Commitment shall be determined by the Sponsor, but shall not be less than
Cdn$100,000. Pursuant to the Canadian Revolving Commitment, the Servicer shall agree to make Advances in Canadian Dollars to the Canadian Borrower thereunder. Each Canadian Revolving Loan shall bear interest at the Borrower Rate designated by
Sponsor in the applicable Funding Approval Notice, and interest shall be payable on each Borrower Payment Date and on the Maturity Date of such Canadian Revolving Loan when all principal and interest shall be due and payable in full. Each Canadian
Revolving Loan may be prepaid in full or in part only on a Canadian Borrower Payment Date for such Canadian Revolving Loan (and not on other days), without premium or penalty. The Loan Term of each Canadian Revolving Loan shall not exceed two years.
The proceeds of each Advance made pursuant to the Canadian Revolving Commitment shall be used for general corporate purposes. Each Canadian Borrower with a Canadian Revolving Commitment shall agree to pay a commitment fee on the unused Canadian
Revolving Commitment in an amount to be determined by the Sponsor but in any event not to exceed 1.00% per annum, such commitment fee to be paid quarterly, in arrears. At no time, except as otherwise provided in the form of Loan Agreement, shall the
aggregate outstanding principal amount of all Canadian Revolving Loans and Canadian Term Loans made to any Canadian Borrower exceed the Franchisee Borrowing Base of such Canadian Borrower as in effect at such time. 

(f) Conditions to Obligation of Servicer to Establish Loan Commitments. Servicer’s obligation to establish each Loan Commitment
under the Operative Documents is subject to the fulfillment of the following conditions as of the Closing Date of such Loan: 

(i) this Agreement and each of the other Operative Documents shall be in full force and effect; 

(ii) the representations and warranties of the Sponsor contained in Article V shall be true and correct in all material
respects with the same effect as though such representations and warranties had been made on the Closing Date of such Loan; 

(iii) the Servicer shall have received from the Sponsor a Funding Approval Notice authorizing such Loan Commitment and a Store
Opening Information Sheet; 
 (iv) all conditions precedent to the Loan Commitment specified in the Servicing Agreement,
together with such additional conditions precedent as may, at Sponsor’s election, be included in the applicable Funding Approval Notice, shall have been completed to the Servicer’s reasonable satisfaction; 

(v) no Credit Event, Unmatured Credit Event, Change in Control or Wind-Down Event shall have occurred and be continuing; and

  
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 (vi) each Participant shall have confirmed in writing to the Servicer that
it has (A) received all documentation and other information with respect to the applicable Borrower that any Participant reasonably believes is required by regulatory authorities under applicable “know-your-customer” and anti-money
laundering rules and regulations, including without limitation the Patriot Act and (B) completed all applicable internal “know-your-customer” procedures. 

(g) In addition to other conditions precedent herein set forth, if any Participant is a Defaulting Participant, the Servicer will not be
required to establish any new Loan Commitment or increase any existing Loan Commitments, unless it is satisfied that 100% of the Participant’s Interest of such Defaulting Participant has been fully Cash Collateralized or the risk of such
Defaulting Participant is otherwise fully eliminated by any combination satisfactory to the Servicer of the actions required in Section 2.17. 

Section 2.2 Conveyance of Participant’s Interest.  

(a) The Servicer hereby sells, assigns, transfers and conveys to each of the Participants, without recourse or warranty, and each Participant
hereby purchases from the Servicer, an undivided percentage ownership interest (which percentage shall be equal to each Participant’s Pro Rata Share) in (i) the Facility Commitment, (ii) the Loan Commitments, including, without
limitation, the Existing Loan Commitments, (iii) the Loans, including, without limitation, the Existing Loans, (iv) the Collateral, (v) all rights against any guarantor of any Loan, including the Sponsor, (vi) the Loan Documents,
(vii) all rights pursuant to the Guaranty Agreement and (viii) all right, title and interest to any payment or right to receive payment with respect to the foregoing (collectively, the “Participant’s
Interest”). Notwithstanding the foregoing, each Participant’s right to receive payments of interest, commitments fees or other fees with respect to the Facility Commitment, the Loan Commitments and the Loans shall not exceed the
amounts which such Participant is entitled to receive pursuant to the terms of this Agreement. 
 (b) In consideration of the entry by each
Participant into this Agreement and the obligation of each Participant hereunder, the Servicer shall issue to each Participant on the Effective Date, a Participation Certificate. Each Participation Certificate shall be in an amount equal to the
relevant Participant’s Participating Commitment Amount, and the Funded Participation outstanding thereunder shall bear interest as hereinafter set forth and shall be payable as hereinafter set forth. 

(c) In accordance with the terms and conditions hereof, and in consideration of the sale of the Participant’s Interest to such
Participant, each Participant severally agrees from time to time, during the period commencing on the Effective Date and ending on the Final Termination Date, to fund in US Dollars its Participant’s Interest in outstanding US Loans made by the
Servicer to the US Borrowers in accordance with the terms hereof and to fund in Canadian Dollars its Participant’s Interest in outstanding Canadian Loans made by the Servicer to the Canadian Borrowers in accordance with the terms hereof, so
long as (x) the US Dollar Equivalent of its Funded Participation does not exceed its Participating Commitment and (y) its Funded Participation with respect to Canadian Loans does not exceed its Pro Rata Share of the Canadian
Subfacility Amount. 
 Section 2.3 Funding of Advances; Swing Line; Funding of Participant’s Interest in Loans. 

 (a) Funding of Advances. The Servicer shall fund Advances requested by the Borrowers in accordance with the terms of the
applicable Loan Documents and the Servicing Agreement. All advances to Canadian Borrowers shall be made in Canadian Dollars and all Advances to US Borrowers shall be made in US Dollars. On the date of any such funding, the Servicer shall elect
whether or not to require the Participants to fund their respective Pro Rata Share of the Advances to be made on such date. 

  
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All fundings by the Participants with respect to Canadian Loans shall be made in Canadian Dollars, and all fundings by the Participants with respect to US Loans shall be made in US Dollars. In
the event that the Servicer elects not to require the Participants to fund their Pro Rata Share of the Advances to be made on such date, the Servicer shall make such Advances (each, a “Swing Line Advance”) to the Borrowers
for the account of the Servicer; provided that the US Dollar Equivalent of the aggregate amount of Swing Line Advances outstanding on any date shall not exceed $25,000,000. If (i) any Credit Event, Change in Control or
Wind-Down Event shall have occurred, (ii) after giving effect to any requested Advance, the US Dollar Equivalent of the aggregate Swing Line Advances outstanding hereunder would exceed $25,000,000, or (iii) the Servicer otherwise
determines in its sole discretion to request a Participant Funding hereunder, then the Servicer shall notify the Participants pursuant to Section 2.3(b) requesting a Participant Funding. 

(b) Notification of Participant Funding. In the event that the Servicer desires that the Participants fund their respective Pro Rata
Shares of Advances or Loans made or outstanding pursuant to the Loan Documents, the Servicer shall deliver written or telecopy notice to the Participants (or telephonic notice promptly confirmed in writing or by telecopy) (a “Participant
Funding Request”) by no later than 10:00 a.m. (Atlanta, Georgia time) on the date which is the requested date of the Participant Funding which shall specify (x) the date of the Participant Funding, which shall be a Business Day,
(y) each Participant’s Pro Rata Share of the Advances or Loans outstanding to be funded in connection with such Participant Funding and (z) the portion of such funding to be made in US Dollars and the portion of such funding to be
made in Canadian Dollars. 
 (c) Each Participant shall make available its Pro Rata Share of the requested Participant Funding in the
applicable currency on the proposed date thereof by wire transfer of immediately available funds to the Servicer in Atlanta, Georgia by not later than 2:00 P.M. (Atlanta, Georgia time). Unless the Servicer shall have received notice from a
Participant prior to the date of any Participant Funding that such Participant will not make available to the Servicer such Participant’s Pro Rata Share of such Participant Funding, the Servicer may assume that the Participant has made such
portion available to the Servicer on the date of such Participant Funding in accordance with this Section 2.3(c) and the Servicer may, in reliance on such assumption, make available to the Borrowers a corresponding amount
or credit the same to Swing Line Advances. If and to the extent that such Participant shall not have made such portion available to the Servicer, such Participant and the Sponsor shall severally agree to repay the Servicer forthwith (on demand in
the case of the Participant and within three (3) days of such demand in the case of the Sponsor), without duplication, such amount with interest at the Federal Funds Rate plus 2% per annum and, until such time as such Participant has repaid to
the Servicer such amount. If such Participant shall repay to the Servicer such amount, then such amount shall constitute part of such Participant’s Funded Participation. 

(d) Each Participant’s obligations to fund its Pro Rata Share of any requested Participant Funding shall be absolute and unconditional
and shall not be affected by any circumstance, including, without limitation, (i) any setoff, counterclaim, recoupment, defense, or other right which such Participant may have against the Servicer, the Sponsor, any Borrower or any other Person
for any reason whatsoever, (ii) the occurrence of any Credit Event, Unmatured Credit Event, Change in Control or Wind-Down Event, (iii) the occurrence of any Loan Default or any other “event of default” under any Loan Documents,
(iv) any adverse change in the condition (financial or otherwise) of the Sponsor, any other Credit Party or any Borrower, (v) the acceleration or maturity of any Loan or the Sponsor’s obligations hereunder or the termination of the
Facility Commitment, Loan Commitments or the Participating Commitments after the making of any Swing Line Advance, (vi) any breach of this Agreement by the Sponsor or any other Participant, or (vii) any other circumstance, happening or
event whatsoever, whether or not similar to any of the foregoing. 

  
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 (e) Notwithstanding the foregoing provisions of this Section 2.3,
no Participant shall be required to fund its Pro Rata Share of any requested Participant Funding for purposes of refunding a Swing Line Advance pursuant to Section 2.3(d) above if a Loan Default with respect to the relevant
Loan has occurred and is continuing and, prior to the making by the Servicer of such Swing Line Advance, the Servicer had received written notice from Sponsor, the relevant Borrower or any Participant specifying that such Loan Default had occurred
and was continuing (and identifying the same as a Loan Default, as the case may be) which has not been cured or waived; provided that, in the case of a Loan Default arising from an Unmatured Credit Event or Credit Event where the Participants
are not pursuing remedies, the Participants will be obligated to fund their respective Pro Rata Shares of Swing Line Advances. 

Section 2.4 Participant Commitment Fees.  

(a) Each Participant will receive, from amounts paid by the Borrowers under the Loan Documents and the Sponsor under the Operative Documents,
a commitment fee (the “Participant Commitment Fee”) equal to the average daily amount of its Participant’s Unused Commitment for the period commencing on the Effective Date and ending on the Final Termination Date, or
such earlier date as the Participating Commitment shall expire or terminate, multiplied by the Applicable Percentage per annum, such Participant Commitment Fee to be payable in arrears on each Participant Quarterly Payment Date, commencing on
December 31, 2020, for the preceding Payment Period, calculated on the basis of a 360-day year and the actual number of days elapsed. 

(b) All Participant Commitment Fees shall be paid on the dates due, in immediately available funds, to the Participants by the Servicer from
amounts received from the Borrowers and Sponsor. All Participant Commitment Fees shall be paid in US Dollars. 
 (c) In the event that the
US Dollar Equivalent of the commitment fees received by the Servicer from the Borrowers and the Sponsor is not sufficient on any Participant Quarterly Payment Date to pay the Participant Commitment Fees to the Participants required pursuant
hereto, the Sponsor shall, upon demand of the Servicer, immediately fund such difference in US Dollars to the Servicer (with such payment allocated to specific Loan Payment Defaults as agreed by Sponsor and Servicer, if applicable) and either, at
the election of the Sponsor, (x) the Sponsor shall be reimbursed by the Servicer upon receipt of such amount from a Borrower, (y) the Loan Indebtedness shall be deemed to be reduced by such amount for purposes of a repayment or purchase of
such Defaulted Loan by Sponsor in accordance with the terms of this Agreement or (z) if elected by Sponsor and if such amount is sufficient to cure any Loan Payment Default such amount shall be deemed to have satisfied Sponsor’s obligation
to cure such Loan Payment Default hereunder. 
 (d) Anything herein to the contrary notwithstanding, during such period as a Participant is
a Defaulting Participant, such Defaulting Participant will not be entitled to Participant Commitment Fees accruing with respect to its Participating Commitment during such period pursuant to Section 2.4(a) (without
prejudice to the rights of the Participants other than Defaulting Participants in respect of such fees). 
 Section 2.5 Interest
on Funded Participations.  
 (a) Interest Rate. Subject to the provisions of Section 2.6, each
Participant’s US Funded Participation shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days) at a rate per annum equal to the Adjusted US LIBO Rate for the Payment Period in which such US Funded
Participation is outstanding (with the Adjusted US LIBO Rate applicable to all amounts outstanding during any Payment Period being automatically reset on the first day of each Payment Period regardless of the date of any Participant Funding
hereunder) plus the Applicable Margin then in 

  
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effect. Subject to the provisions of Section 2.6, each Participant’s Canadian Funded Participation shall bear interest (computed on the basis of the actual number
of days elapsed over a year of 360 days) at a rate per annum equal to the Adjusted Canadian LIBO Rate for the Payment Period in which Canadian Funded Participation is outstanding (with the Adjusted Canadian LIBO Rate applicable to all amounts
outstanding during any Payment Period being automatically reset on the first day of each Payment Period regardless of the date of any Participant Funding hereunder) plus the Applicable Margin then in effect. 

(b) Payment of Interest. Interest on each Participant’s US Funded Participation shall be payable by the Servicer to the
Participants in US Dollars on each Participant Monthly Payment Date from interest payments received on the US Loans on such Participant Monthly Payment Date for the preceding Payment Period and from other amounts received from the Sponsor. Interest
on each Participant’s Canadian Funded Participation shall be payable by the Servicer to the Participants in Canadian Dollars on each Participant Canadian Monthly Payment Date from interest payments received on the Canadian Loans on such
Participant Canadian Monthly Payment Date for the preceding Payment Period and from other amounts received from the Sponsor. 
 (c)
Sponsor’s Obligation. In the event that the interest received by the Servicer from the US Borrowers since the immediately prior Participant Monthly Payment Date is not sufficient to pay the interest to the Participants on the next
Participant Monthly Payment Date as required pursuant hereto in the applicable currency or in the event that the interest received by the Servicer from the Canadian Borrowers since the immediately prior Participant Canadian Monthly Payment Date is
not sufficient to pay the interest to the Participants on the next Participant Canadian Monthly Payment Date as required pursuant hereto in the applicable currency, the Sponsor shall, upon demand of the Servicer, immediately fund such difference to
the Servicer in the applicable currency (with such payment allocated to specific Loan Payment Defaults as agreed by Sponsor and Servicer) and if such shortfall results from Loan Payment Defaults rather than interest rate variances, either, at the
election of the Sponsor, (x) the Sponsor shall be reimbursed by the Servicer upon receipt of such amount from the applicable Borrower, (y) the Loan Indebtedness of such Borrower shall be deemed to be reduced by such amount for purposes of
a repayment or purchase of such Defaulted Loan by Sponsor in accordance with the terms of this Agreement or (z) if elected by Sponsor and if such amount is sufficient to cure any Loan Payment Default, such amount shall be deemed to have
satisfied Sponsor’s obligation to cure such Loan Payment Default hereunder. 
 (d) LIBOR Not Determinable or Illegal. 

(i) In the event that US LIBOR is not determinable by the Servicer or it becomes impossible or illegal for the Servicer to
calculate interest on the US Funded Participations based upon US LIBOR, the parties agree that in such event that interest on the US Funded Participations shall bear interest at a rate per annum equal to the Prime Rate plus a mutually agreed upon
spread based upon current market conditions. 
 (ii) In the event that Canadian LIBOR is not determinable by the Servicer or
it becomes impossible or illegal for the Servicer to calculate interest on the Canadian Funded Participations based upon Canadian LIBOR, the parties agree that in such event that interest on the Canadian Funded Participations shall bear interest at
a rate per annum equal to the Canadian Prime Rate plus a mutually agreed upon spread based upon current market conditions. 

(iii) Notwithstanding anything to the contrary herein or in any other Operative Document, upon the occurrence of a Benchmark
Transition Event or an Early Opt-in Election, in each case, with respect to any applicable then-current Benchmark, as applicable, the Servicer and the Sponsor may amend this Agreement to replace the applicable
Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become 

  
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effective at 5:00 p.m. on the fifth (5th) Business Day after the Servicer has posted such proposed amendment to all Participants and the Sponsor so long as the Servicer has not received, by such
time, written notice of objection to such amendment from Participants comprising the Required Participants. Any such amendment with respect to an Early Opt-in Election will become effective on the date that
Participants comprising the Required Participants have delivered to the Servicer written notice that such Required Participants accept such amendment. No replacement of the applicable Benchmark with a Benchmark Replacement pursuant to these
provisions will occur prior to the applicable Benchmark Transition Start Date. 
 (iv) In connection with the implementation
of a Benchmark Replacement, the Servicer will have the right to make Benchmark Replacement Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Operative Document, any amendments implementing such
Benchmark Replacement Conforming Changes will become effective without any further action or consent of any other party to this Agreement. 

(v) The Servicer will promptly notify the Sponsor and the Participants of (i) any occurrence of a Benchmark Transition
Event or an Early Opt-in Election, as applicable, and its related Benchmark Replacement Date and Benchmark Transition Start Date, (ii) the implementation of any Benchmark Replacement, (iii) the
effectiveness of any Benchmark Replacement Conforming Changes and (iv) the commencement or conclusion of any Benchmark Unavailability Period. Any determination, decision or election that may be made by the Servicer or Participants pursuant to
this Section 2.5(iii)-(vi), including any determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any
decision to take or refrain from taking any action, will be conclusive and binding absent manifest error and may be made in its or their sole discretion and without consent from any other party hereto, except, in each case, as expressly required
pursuant to this Section 2.5(iii)-(vi). 
 (vi) Upon the Sponsor’s receipt of notice of the
commencement of a Benchmark Unavailability Period, any Funded Participations shall bear interest as set forth in Section 2.5(d)(i) or 2.5(d)(ii), as applicable. 

Section 2.6 Default Interest. If a Credit Event has occurred and is continuing, at the option of the
Required Participants, or automatically in the case of a Credit Event under Sections 9.1, 9.7 or 9.8, the Sponsor shall pay interest (to the extent permitted by law) at a rate per annum (computed on the basis of the actual
number of days elapsed over a year of 360 days) equal to the rate set forth in Section 2.5 plus an additional two percent (2.0%) per annum. 

Section 2.7 Voluntary Reduction of the Unutilized Commitment. Upon at least three (3) Business
Days’ prior telephonic notice (promptly confirmed in writing) to the Servicer, Sponsor shall have the right, without premium or penalty, to terminate the Facility Commitment, in part or in whole; provided that (i) any such
termination shall apply to permanently reduce the Facility Commitment, (ii) any such termination shall apply to proportionately and permanently reduce the Participating Commitments of each of the Participants, (iii) any partial termination
pursuant to this Section 2.7 shall be in an amount of at least $5,000,000 and integral multiples of $1,000,000, (iv) the Facility Commitment may not be reduced if, as a result thereof, the amount of the Facility Commitment
would be less than the US Dollar Equivalent of all outstanding Loan Commitments, and (v) to the extent that Facility Commitment is reduced to a level that is less than the US Dollar Equivalent of the Canadian Subfacility Amount, the
Canadian Subfacility Amount shall be reduced to the Canadian Dollar Equivalent of the Facility Commitment. 

  
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 Section 2.8 Extension of Commitments.  

(a) The Sponsor may, by written notice to the Servicer (which shall promptly deliver a copy to each of the Participants), given not more than
sixty (60) days prior to any anniversary of the date of this Agreement while the Facility Commitment is effect, request that the Participants extend the then scheduled Facility Commitment Termination Date (the “Existing
Date”) for an additional 364-day period. Each Participant shall, by notice to the Sponsor and the Servicer given within fifteen (15) Business Days after receipt of such request, advise the
Sponsor and the Servicer whether or not such Participant consents to the extension request (and any Participant which does not respond during such 15-day period shall be deemed to have advised the Sponsor and
the Servicer that it will not agree to such extension). 
 (b) In the event that, on the 15th Business Day after receipt of the notice
delivered pursuant to clause (a) above, all of the Participants shall have agreed to extend their respective Participating Commitments, the Facility Commitment Termination Date shall be deemed to have been extended, effective as of the
Existing Date, to the date which is 364 days thereafter. 
 (c) In the event that, on the 15th Business Day after receipt of the notice
delivered pursuant to clause (a) above, all of the Participants shall not have agreed to extend their respective Participating Commitments, the Sponsor and the Servicer shall notify the consenting Participants (“Consenting
Participants”) of the aggregate Participating Commitment Amounts of the non-extending Participants (“Non-Consenting Participants”)
and such Consenting Participants shall, by notice to the Sponsor and the Servicer given within ten (10) Business Days after receipt of such notice, advise the Servicer and Sponsor whether or not such Participant wishes to purchase all or a
portion of the Participating Commitments of the Non-Consenting Participants (and any Participant which does not respond during such 10-Business Day period shall be
deemed to have rejected such offer). In the event that more than one Consenting Participant agrees to purchase all or a portion of such Participating Commitments, the Sponsor and the Servicer shall allocate such Participating Commitments among such
Consenting Participants so as to preserve, to the extent possible, the relative pro rata shares of the Consenting Participants of the Participating Commitments prior to such extension request. If Consenting Participants do not elect to assume all of
the Participating Commitments of the Non-Consenting Participants, the Sponsor shall have the right, subject to the terms and conditions of Section 15.6, to arrange for one or more
financial institutions (any such financial institution being called a “New Participant”) to purchase the Participating Commitment of any Non-Consenting Participant. Each Non-Consenting Participant shall assign its Participating Commitment and its Participant’s Interest outstanding hereunder to the Consenting Participant or New Participant purchasing such Participating
Commitment in accordance with Section 15.6, in return for payment in full of all principal, interest and other amounts owing to such Non-Consenting Participant hereunder, on or before
the Existing Date and, as of the effective date of such assignment, shall no longer be a party hereto; provided that each New Participant shall be subject to the approval of the Servicer (which approval shall not be unreasonably withheld). If
(and only if) Participants (including New Participants) holding Participating Commitments representing at least an amount equal to the greater of (x) the sum of the US Dollar Equivalent of all outstanding Loan Commitments and (y) 66
2/3 % of the aggregate Participating Commitments on the date of such extension request shall have agreed to such extension by the Existing Date (the “Continuing Participants”), then (i) the Facility Commitment
Termination Date shall be extended for an additional 364-day period and (ii) the Participating Commitment of any Non-Consenting Participant which has not been
assigned to a Consenting Participant or a New Participant shall terminate (with the result that the amount of the Facility Commitment shall be decreased proportionately by the amount of such Participating Commitment), and all amounts owing to such Non-Consenting Participant, together with all interest accrued thereon and all other amounts owed to such Non-Consenting Participant hereunder, shall be due and payable to
such Non-Consenting Participant on the Existing Date applicable to such Participant without giving effect to any extension of the Facility Commitment Termination Date. 

  
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 Section 2.9 Wind-Down Events. In the event a
Wind-Down Event occurs, then (x) the Sponsor shall not have the right to request that any further Loan Commitments be established, and (y) the Servicer shall, within a reasonable period of time and in any event no later than thirty
(30) days after the Facility Commitment Termination Date, give notice to each of the applicable Borrowers terminating the Line of Credit Commitments as of the date which is ninety (90) days after delivery of such notice, subject, in each
case, to the right of the Borrowers to term out the amounts outstanding under their Line of Credit Commitments as set forth in Section 2.1(b) and Section 2.1(c), as applicable; provided,
however, that the occurrence of such Wind-Down Event shall not affect the obligation of (i) the Servicer to make Advances pursuant to existing Line of Credit Commitments, except to the extent that the Line of Credit Commitments are
terminated pursuant to clause (y) above, (ii) the Servicer to make Advances pursuant to existing Revolving Commitments, (iii) the Participants to fund their Participant’s Interest as provided herein, except to the extent that
the Line of Credit Commitments are terminated pursuant to clause (y) above or (iv) the Credit Parties under the Operative Documents. 

Section 2.10 Reserve Requirements; Change in Circumstances; Change in Lending Offices. 

(a) Notwithstanding any other provision herein, if, by reason of (i) after the date hereof, the introduction of or any change (including
any change by way of imposition or increase of reserve requirements) in or in the interpretation of any law or regulation (which, for the avoidance of doubt, shall include, (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and
all requests, rules, guidelines or directives in connection therewith and (y) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or
similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, regardless of the date enacted, adopted or issued) or (ii) the compliance with any guideline or request from any central bank or
other governmental authority or quasi-governmental authority exercising control over banks or financial institutions generally (whether or not having the force of law), any reserve (including any imposed by the Federal Reserve Board), special
deposit or similar requirement (including a reserve, special deposit or similar requirement that takes the form of a tax) against assets of, deposits with or for the account of, or credit extended by, any Participant’s office through which it
funds its obligations hereunder shall be imposed or deemed applicable or any other condition affecting its obligation to make or maintain its Funded Participation at a rate based upon the Adjusted US LIBO Rate or Adjusted Canadian LIBO Rate shall be
imposed on any Participant or its office through which it funds its obligations hereunder or the interbank Eurocurrency market; and as a result thereof there shall be any increase in the cost to such Participant of agreeing to make or making,
funding or maintaining funds its obligations hereunder (except to the extent already included in the determination of the applicable Adjusted US LIBO Rate or Adjusted Canadian LIBO Rate), or there shall be a reduction in the amount received or
receivable by that Participant or its office through which it funds its obligations hereunder, then the Sponsor shall from time to time, upon written notice from and demand by the Participant (with a copy of such notice and demand to the Servicer),
pay to the Servicer for the account of that Participant within five Business Days after the date specified in such notice and demand, additional amounts sufficient to indemnify that Participant against such increased cost. A certificate as to the
amount of such increased cost submitted to the Sponsor and the Servicer by that Participant, shall, except for manifest error, be final, conclusive and binding for all purposes. 

(b) If while the Facility Commitment or any Loan Commitments are outstanding, any Participant (including any the Servicer) determines that the
adoption of any law, rule or regulation regarding capital adequacy or capital maintenance (which, for the avoidance of doubt, shall include, (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines
or directives in connection therewith and (y) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar

  
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authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, regardless of the date enacted, adopted or issued), or any change in any of the foregoing or
in the interpretation or administration thereof by any governmental authority, central bank or comparable agency charged with the interpretation or administration thereof, or compliance by any Participant (or any lending office of such Participant)
or any Participant’s holding company with any request or directive regarding capital adequacy or capital maintenance (whether or not having the force of law) of any such authority, central bank or comparable agency, has or would have the effect
of reducing the rate of return on such Participant’s capital or on the capital of such Participant’s holding company, if any, as a consequence of this Agreement, the Loan Documents or the purchases made by such Participant pursuant hereto
to a level below that which such Participant or such Participant’s holding company could have achieved but for such adoption, change or compliance (taking into consideration such Participant’s policies and the policies of such
Participant’s holding company with respect to capital adequacy) by an amount reasonably deemed by such Participant to be material, then from time to time, within 15 days after written demand by such Participant, the Sponsor pay to such
Participant such additional amount or amounts as will compensate such Participant or such Participant’s holding company for such reduction. A certificate as to the amount of any such additional amount or amounts, submitted to the Sponsor and
the Servicer by such Participant, shall, except for manifest error, be final, conclusive and binding for all purposes. For the avoidance of doubt, Participants may only make claims for compensation pursuant to this
Section 2.10, to the extent such claims are a consequence of this Agreement, the Loan Documents or the purchases made by such Participant pursuant hereto. 

(c) Each Participant agrees that, if requested by the Sponsor, it will use reasonable efforts (subject to overall policy considerations of
such Participant) to designate an alternate lending office with respect to any of its Funded Participation affected by the matters or circumstances described above to reduce the liability of the Sponsor or avoid the results provided thereunder, so
long as such designation is not disadvantageous to such Participant as determined by such Participant, which determination if made in good faith, shall be conclusive and binding on all parties hereto. Nothing in this
Section 2.10(c) shall affect or postpone any of the obligations of the Sponsor or any right of any Participant provided hereunder. 

Section 2.11 Pro Rata Treatment. Subject to the application of payments pursuant to Article III
and except as specifically provided therein, each payment of principal of any Funded Participation, each payment of interest with respect to the Funded Participation, each payment of the Participant Commitment Fees and each reduction of the
Participating Commitments shall be allocated pro rata among the Participants in accordance with their respective applicable Pro Rata Shares. Each Participant agrees that in computing its Pro Rata Share of any Participant Funding hereunder, the
Servicer may, in its discretion, round each Participant’s percentage of such Participant Funding Request to the next higher or lower whole dollar amount. 

Section 2.12 Payments. 

(a) The Sponsor shall make each payment required to be made by Sponsor hereunder and under any other Operative Document to any Participant or
the Servicer not later than 1:00 p.m. (Atlanta, Georgia time), on the date when due in the Contractual Currency (as defined below) to the Servicer at its offices in Atlanta, Georgia in immediately available funds, free and clear of any defenses,
rights of set-off, counterclaim, or withholding or deduction of taxes. 
 (b) Whenever any payment
hereunder or under any other Operative Document shall become due, or otherwise would occur, on a day that is not a Business Day, such payment may be made on the next succeeding Business Day, and such extension of time shall in such case be included
in the computation of interest or Participant Commitment Fees, if applicable. 

  
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 (c) Notwithstanding anything herein to the contrary, any amount paid by any Borrower or the
Sponsor for the account of a Defaulting Participant under this Agreement (whether on account of principal, interest, fees, indemnity payments or other amounts) will be retained by the Servicer in a segregated
non-interest bearing account until the Facility Commitment Termination Date at which time the funds in such account will be applied by the Servicer, to the fullest extent permitted by law, in the following
order of priority: first to the payment of any amounts owing by such Defaulting Participant to the Servicer under this Agreement, including, without limitation, amounts owing to the Servicer in its capacity as lender with respect to Swing
Line Advances hereunder, second, to the payment of interest due and payable to the Participants hereunder other than Defaulting Participants, ratably among them in accordance with the amounts of such interest then due and payable to them,
third to the payment of fees then due and payable to the Participants hereunder other than Defaulting Participants hereunder, ratably among them in accordance with the amounts of such fees then due and payable to them, fourth to the ratable
payment of other amounts then due and payable to the Participants hereunder other than Defaulting Participants, and fifth to pay amounts owing under this Agreement to the Defaulting Participants or as a court of competent jurisdiction may
otherwise direct. 
 Section 2.13 Sharing of Setoffs. Each Participant agrees that if it shall, in
accordance with applicable law, through the exercise of a right of banker’s lien, setoff or counterclaim against the Sponsor or any Borrower, or pursuant to a secured claim under Section 506 or Title 11 of the United States Code or other
security or interest arising from, or in lieu of, such secured claim, received by the Participant under any applicable bankruptcy, insolvency or other similar law or otherwise, or by any other means, obtain payment (voluntary or involuntary) in
respect of any Funded Participation under this Agreement (other than pursuant to Section 2.12(c)) as a result of which the unpaid principal portion of its Funded Participation shall be proportionately less than the unpaid
principal portion of the Funded Participation of any other Participant, it shall be deemed simultaneously to have purchased from such other Participant at face value, and shall promptly pay to such other Participant the purchase price for, a
participation in the Funded Participation of such other Participant, so that the aggregate unpaid principal amount of the Funded Participation and participations in Funded Participations held by each Participant shall be in the same proportion to
the aggregate unpaid principal amount of all Funded Participations then outstanding as the principal amount of its purchases prior to such exercise of banker’s lien, setoff or counterclaim or other event was to the principal amount of all
Funded Participations outstanding prior to such exercise of banker’s lien, setoff or counterclaim or other event; provided, however, that, if any such purchase or purchases or adjustments shall be made pursuant to this
Section 2.13 and the payment giving rise thereto shall thereafter be recovered, such purchase or purchases or adjustments shall be rescinded to the extent of such recovery and the purchase price or prices or adjustment
restored without interest. The Servicer and each Participant hereby further agrees that any set-off amount received with respect to any Borrower, the Sponsor or any Guarantor shall first be applied to amounts
outstanding under the Franchisee Loan Program prior to application to any other obligations of any such Person to the Servicer or such Participant. The Sponsor expressly consents to the foregoing arrangements and agrees, to the extent permitted by
applicable law, that any Participant holding a Funded Participation or a participation in a Funded Participation deemed to have been so purchased may exercise any and all rights of banker’s lien, setoff or counterclaim with respect to any and
all moneys owing by the Sponsor to such Participant by reason thereof. 
 Section 2.14 Canadian Dollar Provisions. 

(a) If any payment due hereunder or under any other Operative Document is not made in the currency due under this Agreement (the
“Contractual Currency”) or if any court or tribunal shall render a judgment or order for the payment of amounts due hereunder or under the Operative Documents and such judgment is expressed in a currency other than the
Contractual Currency, the Sponsor shall indemnify and hold the Servicer and each Participant harmless against any deficiency incurred by the Servicer or such Participant with respect to the amount received by the Servicer or such Participant to the

  
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extent the rate of exchange at which the Contractual Currency is convertible into the currency actually received or the currency in which the judgment is expressed (the “Received
Currency”) is not the reciprocal of the rate of exchange at which the Servicer would be able to purchase the Contractual Currency with the Received Currency, in each case on the Business Day following receipt of the Received Currency in
accordance with normal banking procedures. If the court or tribunal has fixed the date on which the rate of exchange is determined for the conversion of the judgment currency into the Contractual Currency (the “Conversion
Date”) and if there is a change in the rate of exchange prevailing between the Conversion Date and the date of receipt by the Servicer and the relevant Participant, then the Sponsor will, notwithstanding such judgment or order, pay such
additional amount (if any) as may be necessary to ensure that the amount paid in the Received Currency when converted at the rate of exchange prevailing on the date of receipt will produce the amount then due to the Servicer and the relevant
Participant from the Sponsor hereunder in the Contractual Currency. 
 (b) If a Credit Event of the type described in Sections 9.7,
9.8 or 9.9 occurs: (i) any amounts owing to the Servicer and the Participants under the Operative Documents, (ii) any damages owing to the Servicer or the Participants, as the case may be, in respect of a breach of any of the
terms of the Operative Documents, or (iii) any judgment or order rendered in respect of such amounts or damages, the Sponsor shall indemnify and hold the Servicer and the Participants harmless against any deficiency with respect to the
Contractual Currency in the amounts received by the Servicer and the Participants with respect to any of the amounts described in clause (i), (ii) or (iii) above arising or resulting from any variation as between: (i) the rate of exchange
at which the Contractual Currency is converted into another currency (the “Liquidation Currency”) for purposes of such winding-up, liquidation, dissolution or bankruptcy with regard to
the amount in the Contractual Currency due or contingently due under the Operative Documents or under any judgment or order to which the relevant obligations under the Operative Documents shall have been merged and (ii) the rate of exchange at
which the Servicer would, in accordance with normal banking procedures, be able to purchase the Contractual Currency with the Liquidation Currency at the earlier of (A) the date of payment of such amounts or damages and (B) the final date
or dates for the filing of proofs of a claim in a winding-up, liquidation, dissolution or bankruptcy. As used in the preceding sentence, the “final date” or dates for the filing of proofs of a claim
in a winding-up, liquidation, dissolution or bankruptcy shall be the date fixed by the liquidator under the applicable law as being the last practicable date as of which the liabilities of the Borrowers or the
Sponsor, as the case may be, may be ascertained for such winding-up, liquidation, dissolution or bankruptcy before payment by the liquidator or other appropriate Person in respect thereof. 

(c) Exchange Rates. Not later than 2:00 p.m. (Atlanta, Georgia time) on each date of determination (which date of determination shall
be at least quarterly and frequently as the Servicer shall require if a Credit Event has occurred and is continuing and after a Wind-Down Event), the Servicer shall (A) determine the Exchange Rate as of such date of determination with respect
to Canadian Dollars, and (B) give notice thereof to the Sponsor and Participants. The Exchange Rate as so determined shall become effective on the first Business Day immediately following the relevant date of determination (a “Reset
Date”), shall remain effective until the next succeeding Reset Date, and shall for all purposes of this Agreement, be the Exchange Rate employed in determining the US Dollar Equivalent of any amounts in Canadian Dollars. 

Section 2.15 Excess Loan Commitments Resulting From Exchange Rate Changes. If on any Reset Date, after
giving effect to any changes in Exchange Rate implemented pursuant to Section 2.14, the US Dollar Equivalent of all Loan Commitments exceeds the Maximum Commitment Amount, the Sponsor shall promptly and, in any case,
within ten (l0) days thereafter, either (i) purchase Loans and related Loan Commitments from the Servicer in an amount sufficient to cause the US Dollar Equivalent of all outstanding Loan Commitments not to exceed the Maximum Commitment
Amount, or (ii) to the extent that the US Dollar Equivalent of all Loan Commitments does not exceed the Maximum Commitment Amount by more than $1,000,000, cause to be issued to the Servicer a letter of credit (from an issuer
and in form and substance reasonably satisfactory to the Servicer) in an amount equal to or greater than the amount by which the US Dollar Equivalent of all Loan Commitments exceeds the Maximum Commitment Amount. 

  
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 Section 2.16 Interest Act. For the purposes of the
Interest Act (Canada), any amount of interest or fees calculated on the Facility Commitment or the Canadian Funded Participations using 360, 365 or 366 days per year and expressed as an annual rate is equal to the said rate of interest or fees
multiplied by the actual number of days comprised within the calendar year, divided by 360, 365 or 366, as the case may be. The parties agree that all interest with respect to the Facility Commitment or the Canadian Funded Participations accruing
under this Agreement will be calculated using the nominal rate method and not the effective rate method, and that the deemed re-investment principle shall not apply to such calculations. In addition, the
parties acknowledge that there is a material distinction between the nominal and effective rates of interest and that they are capable of making the calculations necessary to compare such rates. 

Section 2.17 Reallocation and Cash Collateralization of Defaulting Participant Exposure. 

(a) If a Participant becomes, and during the period it remains, a Defaulting Participant, the following provisions shall apply,
notwithstanding anything to the contrary in this Agreement; provided that neither any such reallocation nor any payment by a Non-Defaulting Participant pursuant thereto nor any such Cash
Collateralization or reduction will constitute a waiver or release of any claim the Servicer, the Sponsor or any other Participant may have against such Defaulting Participant or cause such Defaulting Participant to be a Non-Defaulting Participant: 
 (1) the Participant’s Interest of such Defaulting
Participant in the unfunded portion of outstanding Loan Commitments will, subject to the limitation in the proviso below, automatically be reallocated (effective no later than one (1) Business Day after the Servicer has actual knowledge that
such Participant has become a Defaulting Participant) among the Non-Defaulting Participants pro rata in accordance with their respective Participant’s Interest (calculated as if the Defaulting
Participant’s Participant’s Interest was reduced to zero and each Non-Defaulting Participant’s Participant’s Interest had been increased proportionately); provided that each Non-Defaulting Participant’s total Participant’s Interest may not in any event exceed the Participating Commitment of such Non-Defaulting Participant as in effect at
the time of such reallocation; and 
 (2) to the extent that any portion (the “unreallocated
portion”) of the Participant’s Interest of such Defaulting Participant in the unfunded portion of outstanding Loan Commitments cannot be reallocated pursuant to clause (1) for any reason, the Sponsor will, not later than two
(2) Business Days after demand by the Servicer, (a) Cash Collateralize the obligations of Defaulting Participant to the Servicer in respect of such unfunded portion of outstanding Loan Commitments in full or (b) make other
arrangements satisfactory to the Servicer to protect them against the risk of non-payment by such Defaulting Participant. 

(b) If the Sponsor and the Servicer agree in writing in their discretion that any Defaulting Participant has ceased to be a Defaulting
Participant, the Servicer will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein, the Participant’s Interest of the other Participants shall be readjusted
to reflect the inclusion of such Participant’s Participating Commitment, and such Participant will purchase at par such portion of the Participant’s Interest of such other Participants in Loans outstanding under Loan Commitments and/or
make such other adjustments as the Servicer may determine to be necessary to cause all Funded Participations in all outstanding Loans of the Participants to be on a pro rata basis in accordance with their respective Participant’s Interests,
whereupon such Participant will cease to be a Defaulting Participant and will be a 

  
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Non-Defaulting Participant (and such Funded Participation of each Participant will automatically be adjusted on a prospective basis to reflect the
foregoing). If any cash collateral has been posted, the Servicer will promptly return such cash collateral to the Sponsor; provided that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf
of the Sponsor while such Participant was a Defaulting Participant; and provided, further, that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Participant to Non-Defaulting Participant will constitute a waiver or release of any claim of any party hereunder arising from such Participant’s having been a Defaulting Participant 

ARTICLE III 

SERVICER’S SERVICING OBLIGATIONS; DISTRIBUTION OF PAYMENTS 

Section 3.1 Servicer’s Obligations with Respect to Loans; Collateral;
Non-Recourse. 
 (a) The Servicer shall, for itself and the benefit of all of the
Participants and the Sponsor, (i) document, close, manage, administer and collect the Loans in accordance with the terms of this Agreement and the Servicing Agreement and exercise all discretionary powers involved in such management,
administration and collection and (ii) shall distribute the funds received with respect to the Loans and from the Sponsor in accordance with the terms of this Agreement. The Servicer agrees that it will exercise the same care in administering
the Loans as it exercises with respect to loans of similar size and type and in accordance with the terms of the Servicing Agreement and Section 10.12 hereto. 

(b) The forms of Loan Agreements, Canadian Security Agreement and Notes used by the Servicer as documentation for each Loan on and after the
Effective Date shall be substantially in the forms attached hereto with such changes as may be mutually agreed by the Sponsor and the Servicer (it being understood that the Servicer will not unreasonably withhold or delay its agreement to any such
changes requested by the Sponsor). 
 (c) Notwithstanding anything in this Agreement to the contrary, each of the Participants acknowledges
and agrees that the Servicer shall have no obligation to the Participants with respect to the obtaining or retention of any guaranties required by the Sponsor (other than to distribute any proceeds therefrom in accordance with the terms of this
Article III). The Participants acknowledge and agree that the Sponsor has the right to release or modify the terms of, or not require, any Personal Guaranty or any Spousal Consent. 

(d) In addition, each of the Participants acknowledges and agrees that the obligations of the Servicer with respect to the Collateral shall be
expressly limited to the filing of financing statements (but not fixture filings) in the locations indicated in the applicable Funding Approval Notice for each Borrower and filing continuation statements with respect thereto and taking enforcement
action in accordance with Section 10.12 hereto. 
 (e) Each of the Participants acknowledges and agrees that the
Servicer shall be relying solely upon the Sponsor for purposes of calculating and ensuring compliance by Borrowers with the Franchisee Borrowing Base for each US Revolving Loan, US Term Loan, Canadian Revolving Loan and Canadian Term Loan. 

(f) Each of the Participants acknowledges and agrees that any payments of delinquent payment fees received from the Borrowers pursuant to the
Loan Agreements shall be for the sole account of the Sponsor and that the Participants shall have no right to receive such payments unless a Credit Event has occurred and is continuing; provided that, with respect to any payments received
from a Borrower, such payments shall be first applied to pay all accrued but unpaid interest and principal and other fees due and owing from such Borrower before application of such payment to any delinquent payment fees. 

  
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 (g) Each Participant hereby acknowledges and agrees that the Servicer has no ability to
halt an ACH transfer upon the inputting of such transfer request by Sponsor from the Aaron’s Proprietary System into the ACH system (other than the ability to retrieve ACH transfers which are sent to the wrong party or otherwise manifestly
erroneous as provided in the ACH Agreement with Sponsor), and Sponsor hereby accepts full responsibility for any overadvance created by such inputting of information and shall indemnify the Servicer and the Participants therefor as provided herein.

 Section 3.2 Application of Payments. 

(a) The Servicer and the Sponsor shall instruct each Borrower to make payments with respect to Loans and the Loan Commitments directly to the
Servicer, either by wire transfer, SWIFT transfer or debit pursuant to an ACH Authorization or a PAD Authorization. 
 (b) On each
Participant Quarterly Payment Date and each Participant Canadian Quarterly Payment Date, all payments of commitment fees received by the Servicer from the Borrowers since the immediately prior Participant Quarterly Payment Date or each Participant
Canadian Quarterly Payment Date (as applicable) and from the Sponsor pursuant to the Operative Documents and not previously distributed by the Servicer, shall be applied to pay all accrued but unpaid Participant Commitment Fees in the applicable
currency pursuant to this Agreement, such payment to be distributed by the Servicer to the Participants pro rata in accordance with Section 2.4, with any remainder to be applied as set forth in the Servicing Agreement. 

(c) On each Participant Monthly Payment Date and each Participant Canadian Monthly Payment Date, all payments of interest received by the
Servicer from the Borrowers since the immediately prior Participant Monthly Payment Date or Participant Canadian Monthly Payment Date (as applicable) and from the Sponsor pursuant to its guaranty contained herein with respect to the Loans and not
previously distributed by the Servicer, shall be applied to pay all accrued but unpaid interest on the Funded Participation in the applicable currencies pursuant to this Agreement, then to pay all accrued but unpaid Servicing Fees and then to pay
the Sponsor’s Fee, in accordance with the terms of the Servicing Agreement and Fee Letter and in the applicable currencies. 
 (d) On
any Business Day on which the Servicer shall receive any payment in respect of the principal amount of any Loan, whether from a Borrower, the Sponsor pursuant to its guaranty contained herein, or any other obligor with respect thereto, the Servicer
may elect, in its sole discretion to (i) apply such principal payment to fund any requested Advances, (ii) apply such amount to repay any outstanding Swing Line Advances, or (iii) to either (x) distribute such amount to the
Participants to reduce each Participant’s Funded Participation or (y) apply such amount to Truist’s Funded Participation only (with the understanding that the Funded Participation of each Participant shall not be deemed to have been
repaid until such amount is actually received by such Participant); provided that, in the event that the Servicer elects to apply any repayment to reduce Truist’s Funded Participation without a corresponding reduction of the other
Participant’s Funded Participation, Truist shall be obligated to make a payment to each Participant equal to such Participant’s Pro Rata Share of such payment in the applicable currency upon the earlier of (i) the next Participant
Monthly Payment Date or Participant Canadian Monthly Payment Date (as applicable) and (ii) the occurrence of a Credit Event hereunder. 

  
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 (e) If during any period when no Credit Event has occurred and is continuing, amounts
received by Servicer are not capable of being allocated to any specific Loan or, in the case of amounts allocable to a specific Loan, are not sufficient to repay all obligations then due and owing with respect thereto, such amounts shall be applied
by the Servicer as follows: (i) first, to the payment of Participant Commitment Fees owing to the Participants hereunder, (ii) second, to the payment of accrued interest on the Funded Participation hereunder, (iii) third, to the
payment of the Servicing Fees owing under the Servicing Agreement, (iv) fourth, to the repayment of the Funded Participations outstanding hereunder, (v) fifth, to the payment of all other amounts owing to the Servicer or any Participant
hereunder, and (vi) sixth, if all obligations of the Sponsor pursuant to the Operative Documents have been satisfied in full, to the Sponsor; provided, however, that (i) to the extent such amounts received by the Servicer are
in Canadian Dollars, such amounts shall be applied only to the foregoing obligations that are payable in Canadian Dollars, and (ii) to the extent such amounts received by the Servicer are in US Dollars, such amounts shall be applied only to the
foregoing obligations that are payable in US Dollars. 
 (f) During any period when a Credit Event has occurred and is continuing, any
amounts received by Servicer with respect to the Loans shall be applied, after deduction of any expenses incurred in the collection of any such amounts and after conversion to the applicable currency as necessary, as follows (i) first, to the
payment of any accrued and unpaid Servicing Fee, (ii) second, to each Participant in accordance with Pro Rata Share, and (iii) thereafter, to such Persons as may be legally entitled thereto. 

(g) If not sooner repaid, all amounts due and payable to the Servicer and the Participants under the Operative Documents shall be due and
payable in full on the Final Termination Date. 
 Section 3.3 Monthly Servicing Report. Within three
(3) Business Days after the end of each calendar month, the Servicer shall telecopy (or email) to the Sponsor a servicing report in a form substantially similar to Exhibit F or such other form as may be mutually agreed between the
Servicer and Sponsor (the “Monthly Servicing Report”) setting forth the following information with respect the Loans: 

(a) the aggregate principal balance of the US Loans and the aggregate principal balance of the Canadian Loans as of the close of business on
the last day of the preceding Payment Period and on such day; 
 (b) the aggregate amount of the US Loans and the aggregate principal
balance of the Canadian Loans repurchased by the Sponsor, and all amounts collected with respect to the Collateral for the US Loans and the Canadian Loans since the date of the last Monthly Servicing Report; 

(c) the aggregate US Loan Commitments and the aggregate Canadian Loan Commitments as of the close of business on the last Business Day of the
preceding calendar month and on such day; and 
 (d) each US Loan and each Canadian Loan which is past due (including the past due amount
and the number of days past due). 
 ARTICLE IV 

LOAN DEFAULT; RIGHT TO MAKE GUARANTY DEMAND 

Section 4.1 Notice Of Loan Defaults. Within ten (10) days after the occurrence of any Loan
Payment Default, the Servicer shall send written notice of such Loan Payment Default to the applicable Borrower and Sponsor. Within ten (10) days after the Servicer obtains actual knowledge of the occurrence of any Loan Default other than a
Loan Payment Default, the Servicer shall send written notice of such Loan Default to the applicable Borrower and Sponsor. 

  
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 Section 4.2 Waiver or Cure By The Sponsor of Covenant Defaults and Loan Payment
Defaults. 
 (a) Unless a Credit Event or an Unmatured Credit Event has occurred and is continuing, the Sponsor shall be entitled
(but not obligated) to request that the Servicer waive any default by the Borrower or any Guarantor under the Loan Documents to which it is a party, other than a Loan Default or a default arising based upon the action or inaction of the Sponsor or
any of its Restricted Subsidiaries, by sending to the Servicer for execution a Default Waiver Letter, which Servicer agrees to execute and mail to the appropriate Borrower if such Default Waiver Letter is in form and substance satisfactory to the
Servicer. 
 (b) Notwithstanding the foregoing clause (a), unless a Credit Event or an Unmatured Credit Event has occurred and is
continuing, the Sponsor shall be entitled (but not obligated) to request that the Servicer waive any Loan Payment Default (including a Loan Payment Default resulting from the failure of a Borrower to remain in compliance with the borrowing base
requirements of the applicable Loan Agreement) by sending to the Servicer for execution a Default Waiver Letter, which Servicer agrees to execute and mail to the appropriate Borrower if such Default Waiver Letter is in form and substance
satisfactory to the Servicer, curing such Loan Payment Default in full; provided, however, that (i) Sponsor shall not waive and cure more than two (2) consecutive Loan Payment Defaults for any Loan nor more than a total of
four (4) Loan Payment Defaults in any four year period for any Loan and (ii) such Loan Payment Default must be cured by Sponsor, and the Default Waiver Letter for such Loan Payment Default received by Servicer, during the Response Period
for such Loan. 
 Section 4.3 [Reserved]. 

Section 4.4 Rights during Response Period. Unless a Credit Event or an Unmatured Credit Event has
occurred and is continuing, the Servicer shall refrain during any Response Period from taking any legal action against the Defaulted Borrower under the Defaulted Loan which is the subject of such Response Period, and from accelerating payment of the
Loan Indebtedness under such Defaulted Loan but the Servicer shall cease funding any further Advances pursuant to the Loan Commitment to such Defaulted Borrower. If the Sponsor waives and cures (or causes the applicable Borrower to cure) any Loan
Payment Default prior to the expiration of a Response Period, then as to each Loan Payment Default so waived and cured, the Defaulted Borrower’s and the Servicer’s respective rights and obligations under the Loan Documents shall be
restored to the same status as if such waived Loan Payment Default never occurred. 
 Section 4.5 Rights
after Response Period and for Loan Defaults other than Loan Payment Defaults. In the event that (a) any Loan Default (other than a Loan Payment Default) occurs and is continuing or (b) any Loan Payment Default is not cured during
the applicable Response Period, (i) the Servicer shall have the right to (A) demand that Sponsor comply with its obligations with respect to such Defaulted Loan set forth in Article X and (B) administer and enforce such Loan as
it deems appropriate, without regard to any limitations or restrictions set forth herein (but subject to Article III in all events) or in any other Operative Document, and (ii) notwithstanding anything contained in this Article IV
to the contrary, the Sponsor shall, within five (5) Business Days of its receipt of a written demand from the Servicer instructing it to do so, purchase the Loan Indebtedness of the Defaulted Loan and assume the Loan Commitment related thereto.

  
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 ARTICLE V 

REPRESENTATIONS AND WARRANTIES 

Each of Holdings and the Sponsor represents and warrants to the Servicer and each Participant as follows: 

Section 5.1 Existence; Power. Holdings, the Sponsor and each of its Restricted Subsidiaries
(a) is duly organized, validly existing and in good standing as a corporation, partnership or limited liability company under the laws of the jurisdiction of its organization, (b) has all requisite power and authority to carry on its
business as now conducted, and (c) is duly qualified to do business, and is in good standing, in each jurisdiction where such qualification is required, except where a failure to be so qualified could not reasonably be expected to result in a
Material Adverse Effect. 
 Section 5.2 Organizational Power; Authorization. The execution, delivery
and performance by each Credit Party of the Transaction Documents to which it is a party are within such Credit Party’s organizational powers and have been duly authorized by all necessary organizational, and if required, partner, member or
stockholder, action. This Agreement has been duly executed and delivered by the Sponsor, and constitutes, and each other Transaction Document to which any Credit Party is a party, when executed and delivered by such Credit Party, will
constitute, valid and binding obligations of the Sponsor or such Credit Party (as the case may be), enforceable against it in accordance with their respective terms, except as may be limited by applicable bankruptcy, insolvency, reorganization,
moratorium, or similar laws affecting the enforcement of creditors’ rights generally and by general principles of equity. 

Section 5.3 Governmental Approvals; No Conflicts. The execution, delivery and performance by Holdings
and the Sponsor of this Agreement, and by each Credit Party of the other Transaction Documents to which it is a party (a) do not require any consent or approval of, registration or filing with, or any action by, any Governmental Authority,
except those as have been obtained or made and are in full force and effect or where the failure to do so, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect, (b) will not violate any
applicable law or regulation or the charter, by-laws or other organizational documents of Holdings, the Sponsor or any of its Restricted Subsidiaries or any judgment or order of any Governmental Authority
binding on Holdings, the Sponsor or any of its Restricted Subsidiaries, (c) will not violate or result in a default under any indenture, material agreement or other material instrument binding on Holdings, the Sponsor or any of its Restricted
Subsidiaries or any of its assets or give rise to a right thereunder to require any payment to be made by Holdings, the Sponsor or any of its Restricted Subsidiaries and (d) will not result in the creation or imposition of any Lien on any asset
of Holdings, the Sponsor or any of its Restricted Subsidiaries, except Liens (if any) created under the Operative Documents. 

Section 5.4 Financial Statements. The Sponsor has furnished to each Participant the audited
consolidated balance sheet of the Sponsor and its Restricted Subsidiaries as of December 31, 2019, and the related consolidated statements of income, shareholders’ equity and cash flows for the Fiscal Year then ended prepared by
Ernst & Young. Such financial statements fairly present the consolidated financial condition of the Sponsor and its Restricted Subsidiaries as of such dates and the consolidated results of operations for such periods in conformity with GAAP
consistently applied. Since December 31, 2019, there have been no changes with respect to Holdings, the Sponsor and its Restricted Subsidiaries which have had or could reasonably be expected to have, singly or in the aggregate, a
Material Adverse Effect. 
 Section 5.5 Litigation and Environmental Matters. 

(a) No litigation, investigation or proceeding of or before any arbitrators or Governmental Authorities is pending against or, to the
knowledge of the Sponsor, threatened against or affecting Holdings, the Sponsor or any of its Restricted Subsidiaries (i) as to which there is a reasonable possibility of an adverse determination that could reasonably be expected to have,
either individually or in the aggregate, a Material Adverse Effect or (ii) which in any manner draws into question the validity or enforceability of this Agreement or any other Transaction Document. 

  
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 (b) Except as could reasonably be expected to have, either individually or in the
aggregate, a Material Adverse Effect, none of Holdings, the Sponsor or any of its Restricted Subsidiaries (i) has failed to comply in any material respect with any Environmental Law or to obtain, maintain or comply with any permit, license or
other approval required under any Environmental Law or (ii) has become subject to any Environmental Liability. None of Holdings, the Sponsor or any of its Restricted Subsidiaries (x) has received notice of any claim with respect to any
Environmental Liability or (y) knows of any basis for any Environmental Liability that, in each case, could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. 

Section 5.6 Compliance with Laws and Agreements. Holdings, the Sponsor and each Restricted Subsidiary
is in compliance with (a) all applicable laws, rules, regulations and orders of any Governmental Authority, and (b) all indentures, agreements or other instruments binding upon it or its properties, except where non-compliance, either singly or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. 

Section 5.7 Investment Company Act, Etc. None of Holdings, the Sponsor or any of its Restricted
Subsidiaries is (a) an “investment company”, or is “controlled” by an “investment company”, as such terms are defined in, or subject to regulation under, the Investment Company Act of 1940, as amended or
(b) otherwise subject to any other regulatory scheme limiting its ability to incur debt. 
 Section 5.8
Taxes. Holdings, the Sponsor and its Restricted Subsidiaries and each other Person for whose taxes Holdings, the Sponsor or any Restricted Subsidiary could become liable have timely filed or caused to be filed all Federal income
tax returns and all other tax returns that are required to be filed by them, and have paid all taxes shown to be due and payable on such returns or on any assessments made against it or its property and all other taxes, fees or other charges imposed
on it or any of its property by any Governmental Authority, except (i) to the extent the failure to do so would not have a Material Adverse Effect or (ii) where the same are currently being contested in good faith by appropriate
proceedings and for which Holdings, the Sponsor or such Restricted Subsidiary, as the case may be, has set aside on its books adequate reserves. The charges, accruals and reserves on the books of Holdings, the Sponsor and its Restricted Subsidiaries
in respect of such taxes are adequate, and no tax liabilities that could be materially in excess of the amount so provided are anticipated. 

Section 5.9 Margin Regulations. None of the proceeds of any of the Loans will be used, directly
or indirectly, for “purchasing” or “carrying” any “margin stock” with the respective meanings of each of such terms under Regulation U or for any purpose that violates the provisions of the Regulation T, U or X. None of
Holdings, the Sponsor or its Restricted Subsidiaries is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying “margin stock.” 

Section 5.10 ERISA. No ERISA Event has occurred or is reasonably expected to occur that, when taken
together with all other such ERISA Events for which liability is reasonably expected to occur, could reasonably be expected to result in a Material Adverse Effect. The present value of all accumulated benefit obligations under each Plan (based on
the assumptions used for purposes of Statement of Financial Standards No. 87) did not, as of the date of the most recent financial statements reflecting such amounts, exceed by more than $20,000,000 the fair market value of the assets of such
Plan, and the present value of all accumulated benefit obligations of all underfunded Plans (based on the assumptions used for purposes of Statement of Financial Standards No. 87) did not, as of the date of the most recent financial statements
reflecting such amounts, exceed by more than $20,000,000 the fair market value of the assets of all such underfunded Plans. 

Section 5.11 Ownership of Property. 

(a) Each of Holdings, the Sponsor and its Restricted Subsidiaries has good title to, or valid leasehold interests in, all of its real and
personal property material to the operation of its business. 

  
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 (b) Each of Holdings, the Sponsor and its Restricted Subsidiaries owns, or is licensed, or
otherwise has the right, to use, all patents, trademarks, service marks, tradenames, copyrights and other intellectual property material to its business, and the use thereof by Holdings, the Sponsor and its Restricted Subsidiaries does not infringe
on the rights of any other Person, except for any such infringements that, individually or in the aggregate, would not have a Material Adverse Effect. 

Section 5.12 Disclosure. 

(a) The Sponsor has disclosed to the Participants all agreements, instruments, and corporate or other restrictions to which Holdings, the
Sponsor or any of its Restricted Subsidiaries is subject, and all other matters known to any of them, that, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect. None of the reports (including without
limitation all reports that Holdings or the Sponsor is required to file with the Securities and Exchange Commission), financial statements, certificates or other written information furnished by or on behalf of the Sponsor or Holdings to the
Servicer or any Participant in connection with the negotiation or syndication of this Agreement or any other Operative Document or delivered hereunder or thereunder (as modified or supplemented by any other information so furnished) contains any
material misstatement of fact or omits to state any material fact necessary to make the statements therein, taken as a whole, in light of the circumstances under which they were made, not misleading; provided, that with respect to projected
financial information, the Sponsor represents only that such information was prepared in good faith based upon assumptions believed to be reasonable at the time. 

(b) As of the Effective Date, the information included in the Beneficial Ownership Certification is true and correct in all respects. 

Section 5.13 Labor Relations. There are no strikes, lockouts or other material labor disputes or
grievances against Holdings, the Sponsor or any of its Restricted Subsidiaries, or, to the Sponsor’s knowledge, threatened against or affecting Holdings, the Sponsor or any of its Restricted Subsidiaries, and no significant unfair labor
practice, charges or grievances are pending against Holdings, the Sponsor or any of its Restricted Subsidiaries, or to the Sponsor’s knowledge, threatened against any of them before any Governmental Authority. All payments due from Holdings,
the Sponsor or any of its Restricted Subsidiaries pursuant to the provisions of any collective bargaining agreement have been paid or accrued as a liability on the books of Holdings, the Sponsor or any such Restricted Subsidiary, except where the
failure to do so could not reasonably be expected to have a Material Adverse Effect. 
 Section 5.14
Subsidiaries. Schedule 5.14 sets forth the name of, the ownership interest of Holdings in, the jurisdiction of incorporation of, and the type of, each Subsidiary and identifies each Subsidiary that is a Guarantor, in each
case as of the Effective Date. 
 Section 5.15 Representations and Warranties with Respect to Specific
Loans. The Sponsor represents and warrants to the Servicer and each Participant with respect to each Loan Commitment established and each Advance made pursuant to the Operative Documents that: 

(a) The Franchise Agreement, the Master Note, the Loan Agreement and each other Loan Document executed in connection with such Loan Commitment
each constitutes a valid and binding agreement of each Borrower or guarantor party thereto and is enforceable against each such party in accordance with its terms, except as may be limited by applicable bankruptcy, insolvency, reorganization,
moratorium, or similar laws affecting the enforcement of creditors’ rights generally and by general principles of equity. 

  
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 (b) The Master Note and accompanying Loan Documents executed in connection with such Loan
and delivered to the Servicer are the only contracts evidencing the transaction described therein and constitute the entire agreement of the parties thereto with respect to such transaction and Sponsor has not made any other promises, agreements or
representations and warranties with respect to the transactions evidenced by such Master Note. 
 (c) The Master Note and each accompanying
Loan Document executed in connection with such Loan is genuine and all signatures, names, amounts and other facts and statements therein and thereon are true and correct. 

(d) All disclosures required to be made under applicable federal and state law in connection with such Loan have been properly and completely
made with respect to each Master Note, the other Loan Documents and the Loan and each such Master Note, other Loan Documents and Loan is in full compliance with all applicable federal and state laws, including without limitation, applicable state
and federal usury laws and regulations. 
 (e) The proceeds of each Advance made pursuant to the US Line of Credit Commitments shall be used
solely to purchase inventory, and to the extent permitted by Sponsor, to pay state sales and use taxes and freight charges. The proceeds of each Advance made pursuant to the Canadian Line of Credit Commitments shall be used solely to purchase
inventory, and to the extent permitted by Sponsor, to pay sales and use taxes and freight charges. The proceeds of each Revolving Loan or Term Loan will be solely for the purpose of financing the acquisition and expansion of stores franchised by the
Sponsor and operated by the relevant Borrower and for Sponsor-approved working capital purposes, but excluding in all cases any non-business purposes. 

Section 5.16 Solvency. After giving effect to the execution and delivery of this Agreement and the
Operative Documents, (a) the Sponsor is Solvent on the Effective Date and (b) Holdings, the Sponsor and its Restricted Subsidiaries on a consolidated basis are Solvent. 

Section 5.17 Anti-Corruption Laws and Sanctions. The Sponsor and Holdings have implemented and
maintain in effect policies and procedures designed to ensure compliance in all material respects by Holdings, the Sponsor, its Subsidiaries and their respective directors, officers, employees and agents with Anti-Corruption Laws and applicable
Sanctions, and Holdings, the Sponsor, its Subsidiaries and their respective officers (in such capacity), employees (in such capacity) and, to the knowledge of Holdings or the Sponsor, its directors and agents, are in compliance with Anti-Corruption
Laws and applicable Sanctions. None of (a) Holdings, the Sponsor, any Subsidiary or any of their respective officers (in such capacity) or employees (in such capacity), or (b) to the knowledge of Holdings or the Sponsor, any director or
agent of Holdings or any Subsidiary is a Sanctioned Person. No use by Holdings, the Sponsor or any Subsidiary of the proceeds thereof or other transactions contemplated hereby will violate Anti-Corruption Laws or applicable Sanctions. 

Section 5.18 No Affected Financial Institutions. No Credit Party is an Affected Financial
Institution. 
 Section 5.19 Inactive Subsidiaries. The Inactive Subsidiaries do not (a) have
assets with an aggregate book value in excess of $1,000,000, (b) have revenue in excess of $1,000,000 in the aggregate and (c) conduct any business activities. 

  
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 Section 5.20 Collateral Representations. After the
execution and delivery of the Collateral Documents following the occurrence of the Trigger Event in accordance with Section 6.12: 

(a) The provisions of the Collateral Documents are effective to create in favor of the Servicer, for the benefit of the Participants, a legal,
valid and enforceable first priority Lien (subject to Liens permitted by Section 8.2) on all right, title and interest of the respective Credit Parties in the Collateral described therein. Except for filings completed prior
to the occurrence of the Trigger Event and as contemplated hereby and by the Collateral Documents, no filing or other action will be necessary to perfect or protect such Liens. 

(b) No Mortgage encumbers improved real property that is located in an area that has been identified by the Secretary of Housing and Urban
Development as an area having special flood hazards and in which flood insurance has been made available under the National Flood Insurance Act of 1968, except to the extent that the applicable Credit Party maintains flood insurance with respect to
such improved real property in compliance with the requirements of Section 5.20(c) and the definition of Real Estate Documents. 

(c) Each Credit Party maintains, if available, fully paid flood hazard insurance on all Flood Hazard Properties, with such deductibles as are
commercially acceptable for Persons of established reputation engaged in similar business as the Credit Parties and on such terms and in such amounts as required by Flood Insurance Laws or as otherwise reasonably required by the Servicer. 

ARTICLE VI 

AFFIRMATIVE COVENANTS 

Each of Holdings and the Sponsor covenant and agree that it will, as long as the Facility Commitment is in effect or the Servicer is committed
to make Advances under any Loan Documents and thereafter so long as any Loans or Loan Commitments remain outstanding under this Agreement or Sponsor has any other unsatisfied obligations under the Operative Documents: 

Section 6.1 Financial Statements and Other Information. The Sponsor will deliver to the Servicer and
each Participant: 
 (a) as soon as available and in any event within ninety (90) days after the end of each Fiscal Year of Holdings, a
copy of the annual audited report for such Fiscal Year for Holdings, the Sponsor and its Restricted Subsidiaries, containing a consolidated balance sheet of Holdings, the Sponsor and its Restricted Subsidiaries as of the end of such Fiscal Year and
the related consolidated statements of income, stockholders’ equity and cash flows (together with all footnotes thereto) of Holdings, the Sponsor and its Restricted Subsidiaries for such Fiscal Year, setting forth in each case in comparative
form the figures for the previous Fiscal Year, all in reasonable detail and reported on by Ernst & Young or other independent public accountants of nationally recognized standing (without a “going concern” or like qualification,
exception or explanation and without any qualification or exception as to scope of such audit) to the effect that such financial statements present fairly in all material respects the financial condition and the results of operations of Holdings,
the Sponsor and its Restricted Subsidiaries for such Fiscal Year on a consolidated basis in accordance with GAAP and that the examination by such accountants in connection with such consolidated financial statements has been made in accordance with
generally accepted auditing standards. It is understood and agreed that the requirements of this Section 6.1(a) (x) shall be satisfied by the delivery of the applicable annual report on Form 10-K of Holdings to the Securities and Exchange Commission if delivered within the applicable time period noted herein and is available to the Participants on EDGAR and (y) are effective as of the Effective
Date; 

  
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 (b) as soon as available and in any event within forty-five (45) days after the end of
each Fiscal Quarter of each Fiscal Year of Holdings (other than the last Fiscal Quarter), an unaudited consolidated balance sheet of Holdings, the Sponsor and its Restricted Subsidiaries as of the end of such Fiscal Quarter and the related unaudited
consolidated statements of income and cash flows of Holdings, the Sponsor and its Restricted Subsidiaries for such Fiscal Quarter and the then elapsed portion of such Fiscal Year, setting forth in each case in comparative form the figures for the
corresponding quarter and the corresponding portion of Holdings’ previous Fiscal Year, all certified by the chief financial officer, treasurer or controller of Holdings as presenting fairly in all material respects the financial
condition and results of operations of Holdings, the Sponsor and its Restricted Subsidiaries on a consolidated basis in accordance with GAAP, subject to normal year-end audit adjustments and the absence of
footnotes. It is understood and agreed that the requirements of this Section 6.1(b) (x) shall be satisfied by the delivery of the applicable quarterly report on Form 10-Q of
Holdings to the Securities and Exchange Commission if delivered within the applicable time period noted herein and is available to the Participants on EDGAR and (y) are effective as of the Effective Date; 

(c) concurrently with the delivery of the financial statements referred to in Sections 6.1(a) and (b) above, a certificate
of a Responsible Officer, (i) certifying as to whether there exists a Credit Event or an Unmatured Credit Event on the date of such certificate, and if a Credit Event or an Unmatured Credit Event then exists, specifying the details thereof and
the action which the Sponsor has taken or proposes to take with respect thereto, (ii) setting forth in reasonable detail calculations demonstrating compliance with Article VII and (iii) stating whether any change in GAAP or the
application thereof has occurred since the date of Holdings’ audited financial statements referred to in Section 5.4 and, if any change has occurred, specifying the effect of such change on the financial statements
accompanying such certificate; 
 (d) concurrently with the delivery of the financial statements referred to in
Section 6.1(a) above, a certificate of the accounting firm that reported on such financial statements stating whether they obtained any knowledge during the course of their examination of such financial statements of any
Credit Event or Unmatured Credit Event (which certificate may be limited to the extent required by accounting rules or guidelines); 
 (e)
promptly after the same become publicly available, copies of all periodic and other reports, proxy statements and other materials filed with the Securities and Exchange Commission, or any Governmental Authority succeeding to any or all functions of
the Securities and Exchange Commission, or with any national securities exchange, or distributed by Holdings to its shareholders generally, as the case may be, it being agreed that the requirements of this Section 6.1(e)
may be satisfied by the delivery of the applicable reports, statements or other materials to the Securities and Exchange Commission to the extent that such reports, statements or other materials are available to the Participants on EDGAR; 

(f) promptly following any request therefor, such other information regarding the results of operations, business affairs and financial
condition of Holdings, the Sponsor or any Restricted Subsidiary as the Servicer or any Participant may reasonably request; 
 (g) as soon as
available and in any event within 60 days after the end of each Fiscal Year of Holdings, a forecasted income statement, balance sheet, and statement of cash flows for the following Fiscal Year, in each case, on a quarter by quarter basis for such
forecasted Fiscal Year information; and 
 (h) concurrently with the delivery of the financial statements referred to in Sections
6.1(a) and (b), for any period in which there exist any Unrestricted Subsidiaries, unaudited consolidating financial statements reflecting adjustments necessary to eliminate the accounts of Unrestricted Subsidiaries (if any) from such
financial statements delivered pursuant to Section 6.1(a) and (b), all in reasonable detail and certified by the chief executive officer, chief financial officer, treasurer or controller of the Sponsor as fairly
presenting in all material respects the financial condition, results of operations, shareholders’ equity and cash flows of Holdings, the Sponsor and its Restricted Subsidiaries in accordance with GAAP, subject only to normal year-end audit adjustments and the absence of footnotes. 

  
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 Section 6.2 Notices of Material Events. The Sponsor
will furnish to the Servicer and each Participant prompt written notice of the following: 
 (a) the occurrence of any Credit Event or
Unmatured Credit Event; 
 (b) the filing or commencement of any action, suit or proceeding by or before any arbitrator or Governmental
Authority against or, to the knowledge of the Sponsor, affecting Holdings, the Sponsor or any Restricted Subsidiary which, if adversely determined, could reasonably be expected to result in a Material Adverse Effect; 

(c) the occurrence of any event or any other development by which Holdings, the Sponsor or any of its Restricted Subsidiaries (i) fails
to comply with any Environmental Law or to obtain, maintain or comply with any permit, license or other approval required under any Environmental Law, (ii) becomes subject to any Environmental Liability in excess of $10,000,000, (iii) receives
notice of any claim with respect to any Environmental Liability in excess of $10,000,000, or (iv) becomes aware of any basis for any Environmental Liability in excess of $10,000,000 and in each of the preceding clauses, which individually or in
the aggregate, could reasonably be expected to result in a Material Adverse Effect; 
 (d) the occurrence of any ERISA Event that alone, or
together with any other ERISA Events that have occurred, could reasonably be expected to result in liability of Holdings, the Sponsor and its Restricted Subsidiaries in an aggregate amount exceeding $10,000,000; 

(e) any change in the information provided in the Beneficial Ownership Certification that would result in a change to the list of beneficial
owners identified in parts (c) or (d) of such certification; and 
 (f) any other development that results in, or could reasonably be
expected to result in, a Material Adverse Effect. 
 (g) Each notice delivered under this Section 6.2 shall be
accompanied by a written statement of a Responsible Officer setting forth the details of the event or development requiring such notice and any action taken or proposed to be taken with respect thereto. 

Section 6.3 Existence; Conduct of Business. Holdings will, and will cause each of its Restricted
Subsidiaries to, do or cause to be done all things necessary to preserve, renew and maintain in full force and effect its legal existence and its respective rights, licenses, permits, privileges, franchises, patents, copyrights, trademarks and trade
names material to the conduct of its business and will continue to engage in (a) substantially the same business as presently conducted or such other businesses that are reasonably related thereto, including but not limited to the business of
leasing and selling furniture, consumer electronics, computers, appliances and other household goods and accessories inside and outside of the United States of America, through both independently-owned and franchised stores, providing lease-purchase
solutions, credit and other financing solutions to customers for the purchase and lease of such products, the manufacture and supply of furniture and bedding for lease and sale in such stores, and the provision of virtual rent-to-own programs inside and outside of the United States of America (including but not limited to
point-of-sale lease purchase programs), (b) any other businesses which are ancillary or complementary to the business, or reasonable extensions or expansions of, the
business of Holdings, the Sponsor and its Restricted Subsidiaries as conducted as of the Effective Date, as reasonably determined in good faith by the Sponsor and (c) any businesses that are materially different from the business of Holdings,
the Sponsor and its Restricted 

  
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Subsidiaries as conducted as of the Effective Date provided that any Investments made, funds expended or financial support provided by Holdings, the Sponsor and/or its Restricted Subsidiaries in
connection with such alternative lines of business shall not exceed $25,000,000 in the aggregate at any time outstanding; provided, that nothing in this Section 6.3 shall prohibit any merger, consolidation,
liquidation or dissolution permitted under Section 8.3. 
 Section 6.4 Compliance
with Laws, Etc. Holdings will, and will cause each of its Restricted Subsidiaries to, comply with all laws, rules, regulations and requirements of any Governmental Authority applicable to its business and properties, including without
limitation, all Environmental Laws, ERISA and OSHA, except where the failure to do so, either individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. 

Section 6.5 Payment of Obligations. Holdings will, and will cause each of its Restricted Subsidiaries
to, pay and discharge at or before maturity, all of its obligations and liabilities (including without limitation all tax liabilities and claims that could result in a statutory Lien) before the same shall become delinquent or in default, except
where (a) the validity or amount thereof is being contested in good faith by appropriate proceedings, (b) Holdings, the Sponsor or such Restricted Subsidiary has set aside on its books adequate reserves with respect thereto in accordance
with GAAP and (c) the failure to make payment pending such contest could not reasonably be expected to result in a Material Adverse Effect. 

Section 6.6 Books and Records. Holdings will, and will cause each of its Restricted Subsidiaries to,
keep proper books of record and account in which full, true and correct entries shall be made of all dealings and transactions in relation to its business and activities to the extent necessary to prepare the consolidated financial statements
of Holdings in conformity with GAAP. 
 Section 6.7 Visitation, Inspection, Etc. Holdings will, and
will cause each of its Restricted Subsidiaries to, permit any representative of the Servicer or any Participant, to visit and inspect its properties, to examine its books and records and to make copies and take extracts therefrom, and to discuss its
affairs, finances and accounts with any of its officers and with its independent certified public accountants, all at such reasonable times and as often as the Servicer or any Participant may reasonably request after reasonable prior notice to the
Sponsor; provided, however, if a Credit Event or Unmatured Credit Event has occurred and is continuing, no prior notice shall be required. All reasonable expenses incurred by the Servicer and, at any time after the occurrence and
during the continuance of a Credit Event, any Participants in connection with any such visit, inspection, audit, examination and discussions shall be borne by the Sponsor. 

Section 6.8 Maintenance of Properties; Insurance. Holdings will, and will cause each of its Restricted
Subsidiaries to, (a) keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, except where the failure to do so, either individually or in the aggregate, could
not reasonably be expected to result in a Material Adverse Effect and (b) maintain with financially sound and reputable insurance companies, insurance with respect to its properties and business, and the properties and business of its
Restricted Subsidiaries, against loss or damage of the kinds customarily insured against by companies in the same or similar businesses operating in the same or similar locations (including, after the occurrence of the Trigger Event, flood insurance
as described in the definition of Real Estate Documents). In addition, and not in limitation of the foregoing, Holdings shall maintain and keep in force insurance coverage on its inventory, as is consistent with best industry practices. The Credit
Parties shall at all times cause the Servicer to be named as additional insured on all of its casualty and liability policies. Promptly after the occurrence of the Trigger Event, the Credit Parties shall cause each issuer of an insurance policy to
provide the Servicer with an endorsement (i) showing the Servicer as lender’s loss payee with respect to each policy of property or casualty insurance and naming the Servicer and each Participant as an additional insured with respect to
each policy of liability insurance, (ii) providing that 30 days’ notice will be given to the Servicer prior to any cancellation of, material reduction or change in coverage provided by or other material modification to such policy and
(iii) reasonably acceptable in all other respects to the Servicer. 

  
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 Section 6.9 Use of Proceeds. No part of the
proceeds of any Loan will be used, whether directly or indirectly, for any purpose that would violate any rule or regulation of the Board of Governors of the Federal Reserve System, including Regulations T, U or X. 

The Sponsor shall ensure that the Borrowers and their respective directors, officers, employees and agents shall not use the proceeds of any
Loans (i) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (ii) for the purpose of funding,
financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country or (iii) in any manner that would result in the violation of any Sanctions applicable to any party hereto. 

Section 6.10 Additional Subsidiaries. 

(a) Within ten (10) Business Days (or such later date as the Servicer may agree in its sole discretion) after any Domestic Subsidiary is
acquired or formed (including, without limitation, upon the formation of any Subsidiary that is a Delaware Divided LLC) or after any Unrestricted Subsidiary is designated as a Restricted Subsidiary, the Sponsor shall (i) notify the Servicer and
the Participants thereof, (ii) if such Domestic Subsidiary is a Material Domestic Subsidiary, cause such Subsidiary to become a Guarantor by (x) executing agreements in the form of Annex 1 to the Guaranty Agreement and (y) if
the Trigger Event has occurred, a security agreement or a joinder agreement thereto granting to the Servicer for the benefit of the Participants a first priority security interest and lien in all of its assets pursuant to the Credit Party Collateral
Documents, in form reasonably satisfactory to the Servicer and (iii) if such Subsidiary is a Material Domestic Subsidiary, cause such Domestic Subsidiary to deliver simultaneously therewith similar documents applicable to such Domestic
Subsidiary described in Section 3.1 as reasonably requested by the Servicer. In the event that any Domestic Subsidiary that is not already a Guarantor becomes a Material Domestic Subsidiary at any time after its
formation or acquisition, the Sponsor shall have up to ten (10) Business Days (or such later date as the Servicer may agree in its sole discretion) to cause it to (x) become a Guarantor by executing agreements in the form of Annex 1
to the Guaranty Agreement and (y) deliver simultaneously therewith similar documents applicable to such Domestic Subsidiary described in Section 13.1 as reasonably requested by the Servicer. 

(b) Upon any acquisition or formation of additional Foreign Subsidiaries by the Sponsor after the Effective Date (subject to
Section 8.4) and to the extent the aggregate EBITDA attributable to all Foreign Subsidiaries that are Restricted Subsidiaries whose stock has not been pledged to secure the Guaranteed Obligations pursuant to this
Section 6.10(b) for the most recently ended twelve month period exceeds twenty percent (20%) of Consolidated EBITDA for the most recently ended twelve month period (the “Foreign Pledge Date”), the
Sponsor (i) shall notify the Servicer and the Participants thereof, (ii) deliver stock certificates and related pledge agreements, in form satisfactory to a collateral agent acceptable to the Servicer, evidencing the pledge of sixty-six percent (66%) of the issued and outstanding Capital Stock entitled to vote (within the meaning of Treas. Reg. Section 1.956-2(c)(2)) and one hundred percent
(100%) of the issued and outstanding Capital Stock not entitled to vote (within the meaning of Treas. Reg. Section 1.956-2(c)(2)) of one or more Foreign Subsidiaries directly owned by a Credit Party to
secure the Guaranteed Obligations to the extent necessary such that, after giving effect to such pledge, the EBITDA attributable to all Foreign Subsidiaries that are Restricted Subsidiaries whose stock has not been pledged to secure the Guaranteed
Obligations pursuant to this Section 6.10(b) for the most recently ended twelve (12) month period does not exceed twenty percent (20%) of Consolidated EBITDA, and (iii) cause such Foreign Subsidiary whose stock is
pledged pursuant to the immediately preceding Section 6.10(b)(ii) to deliver simultaneously therewith similar documents applicable to such 

  
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Foreign Subsidiary described in Section 13.1 as reasonably requested by the Servicer; provided that in no event shall any such Foreign Subsidiary be required to
join the Guaranty Agreement or otherwise to guarantee any of the Guaranteed Obligations. Upon the occurrence of the Foreign Pledge Date, the Sponsor will be required to comply with the terms of this Section 6.10(b) within
thirty (30) days after any new Foreign Subsidiary that is a Restricted Subsidiary is acquired or formed. Upon the occurrence of the Foreign Pledge Date and within a reasonable time thereafter, the Servicer shall enter into an intercreditor
agreement, in form and substance satisfactory to the Required Participants, with all other creditors of the Sponsor having a similar covenant with the Sponsor. 

(c) Notwithstanding anything to the contrary in this Agreement, (i) none of the Inactive Subsidiaries shall be required to become a
Guarantor or to execute the Guaranty Agreement, subject to compliance with Section 8.13 and (ii) the Sponsor shall cause each Inactive Subsidiary to be dissolved as soon practicable without incurring adverse tax
consequences unless otherwise permitted by the Servicer with such consent not to be unreasonably withheld, conditioned or delayed. 
 (d)
Holdings will cause any Domestic Subsidiary or any other Domestic Controlled Affiliate that provides a Guarantee or otherwise becomes liable (including as a borrower or co-borrower) in respect of the
obligations under any agreement providing for the incurrence of Indebtedness that is pari passu with the Indebtedness under this Agreement to become a Guarantor by executing agreements in the form of Annex 1 to the Guaranty Agreement and
deliver simultaneously therewith similar documents applicable to such Domestic Subsidiary described in Section 13.1 as reasonably requested by the Servicer. 

Section 6.11 Further Assurances. Promptly upon request by the Servicer, or any Participant through the
Servicer, (a) correct any material defect or error that may be discovered in any Operative Document or in the execution or acknowledgment thereof, and (b) do, execute, acknowledge and deliver any and all such further acts, certificates,
assurances and other instruments as the Servicer, or any Participant through the Servicer, may reasonably require from time to time in order to carry out more effectively the purposes of the Operative Documents, or, after the occurrence of the
Trigger Event, to grant, preserve, protect or perfect the Liens created by the Credit Party Collateral Documents or the validity or priority of any such Lien, all at the expense of the Credit Parties. 

Section 6.12 Collateral. 

(a) Promptly upon, and in any event within thirty (30) days of, the occurrence of the Trigger Event (or such longer periods as the
Servicer shall agree in its sole discretion), Holdings shall, and shall cause the Credit Parties, to (i) grant Liens in favor of the Servicer, for the benefit of the Participants, in substantially all of its personal property (with exceptions
as provided in the Security Agreement) by executing and delivering to the Servicer a Security Agreement and such other Credit Party Collateral Documents in form and substance reasonably satisfactory to the Servicer, and authorizing and delivering,
at the request of the Servicer, such UCC financing statements or similar instruments required by the Servicer to perfect the Liens in favor of the Servicer, for the benefit of the Servicer and the Participants, and granted under any of the Operative
Documents, (ii) grant Liens in favor of the Servicer, for the benefit of the Servicer and the Participants, in all fee ownership interests in Material Real Estate by executing and delivering to the Servicer such Real Estate Documents as the
Servicer shall reasonably require and (iii) deliver such other documentation (including, without limitation, certified organizational documents, resolutions, lien searches, title insurance policies, surveys, environmental reports and legal
opinions) reasonably requested by the Servicer and to take all such other actions that such Credit Party would be required to deliver pursuant to Section 6.13 with respect to any Material Real Estate. In addition, Holdings
shall, or shall cause the applicable Credit Party to (x) pledge all of the Capital Stock of the Sponsor and any such Domestic Subsidiary that is a Restricted Subsidiary to the Servicer as security for the Obligations by executing and delivering
a Security Agreement in form and substance reasonably satisfactory to the 

  
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Servicer, (y) pledge sixty-six percent (66%) of the issued and outstanding Capital Stock entitled
to vote (within the meaning of Treas. Reg. Section 1.956-2(c)(2)) and one hundred percent (100%) of the issued and outstanding Capital Stock not
entitled to vote (within the meaning of Treas. Reg. Section 1.956-2(c)(2)) of the Foreign Subsidiaries that are Restricted Subsidiaries directly owned by the Credit Parties and (z) deliver the
original certificates evidencing such pledged capital stock to the Servicer, together with appropriate powers executed in blank. In the event of the occurrence of the Trigger Event, the requirements of this Section 6.12(a),
and not those of Section 6.10(b), shall govern the pledge of Capital Stock in Foreign Subsidiaries. Concurrently with the grant of Liens in the first sentence of this Section 6.12(a), the Servicer
and the Administrative Agent (as defined in the Credit Agreement) shall enter into the Intercreditor Agreement in form and substance reasonably satisfactory to the Servicer, the Required Participants and the Administrative Agent (as defined in the
Credit Agreement). Notwithstanding anything to the contrary herein, or otherwise in any Operative Document, the Servicer shall not enter into, accept, or record any mortgage in respect of any Material Real Estate until the Servicer shall have
received written confirmation (which confirmation shall, for purposes hereunder, include email) from each Participant that flood insurance compliance has been completed by such Participant with respect to such Material Real Estate (such written
confirmation not to be unreasonably conditioned, withheld or delayed); provided, that, the inability of a Credit Party to deliver, enter into, or record a Mortgage with respect to any Material Real Estate within the time period
required by this Section 6.12 due to the failure of the Servicer to receive written confirmation from each Participant that flood insurance compliance has been completed by such Participant with respect to such Material
Real Estate within such time period shall not be deemed to be a failure by such Credit Party to satisfy the requirements of this Section 6.12. 

(b) Holdings and the Sponsor agree that, following the delivery of any Credit Party Collateral Documents required to be executed and delivered
by this Section 6.12, the Servicer shall have a valid and enforceable, first priority perfected Lien on the property required to be pledged pursuant to Sections 6.12(a) and 6.12(b) (to the extent that such
Lien can be perfected by execution, delivery and/or recording of the Credit Party Collateral Documents or UCC financing statements, or possession of such Collateral), free and clear of all Liens other than Liens expressly permitted by
Section 8.2. All actions to be taken pursuant to this Section 6.12 shall be at the expense of the Sponsor or the applicable Credit Party, and shall be taken to the reasonable satisfaction of the
Servicer. 
 Section 6.13 Additional Real Estate. To the extent otherwise permitted hereunder, if
any Credit Party proposes to acquire a fee ownership interest in Material Real Estate after the occurrence of the Trigger Event, it shall within ninety (90) days of such acquisition (or such longer period as the Servicer shall agree in
its sole discretion) provide to the Servicer Real Estate Documents in regard to such Material Real Estate. Notwithstanding anything to the contrary herein, or otherwise in any Operative Document, the Servicer shall not enter into, accept, or record
any mortgage in respect of any Material Real Estate until the Servicer shall have received written confirmation (which confirmation shall, for purposes hereunder, include email) from each Participant that flood insurance compliance has been
completed by such Participant with respect to such Material Real Estate (such written confirmation not to be unreasonably conditioned, withheld or delayed); provided, that, the inability of a Credit Party to deliver, enter into, or
record a Mortgage with respect to any Material Real Estate within the time period required by this Section 6.13 due to the failure of the Servicer to receive written confirmation from each Participant that flood insurance
compliance has been completed by such Participant with respect to such Material Real Estate within such time period shall not be deemed to be a failure by such Credit Party to satisfy the requirements of this
Section 6.13. 

  
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 Section 6.14 Designation of Subsidiaries 

(a) The Sponsor may at any time designate any Restricted Subsidiary acquired or formed after the Effective Date as an
Unrestricted Subsidiary or any Unrestricted Subsidiary as a Restricted Subsidiary; provided that (a) no Unmatured Credit Event or Credit Event shall exist immediately prior or immediately after giving effect to such designation;
(b) the Sponsor shall have delivered to the Servicer a Pro Forma Compliance Certificate demonstrating that after giving effect to such designation on a Pro Forma Basis, the Credit Parties would be in compliance with the financial covenants in
Article VII measured as of the last day of the most recently ended Fiscal Quarter for which financial statements are required to have been delivered hereunder; (c) no Restricted Subsidiary may be designated as an Unrestricted Subsidiary
if such Restricted Subsidiary or any of its Subsidiaries (i) owns any equity interests or Indebtedness of, or owns or holds any Liens on, any property of Holdings or any Restricted Subsidiary or (ii) Guarantees any Indebtedness of Holdings
or any Restricted Subsidiary (after giving effect to the release of the Guarantee of the Guaranteed Obligations by such Subsidiary in connection with the designation of such Subsidiary as an Unrestricted Subsidiary); (d) any Unrestricted Subsidiary
that has been re-designated as a Restricted Subsidiary may not subsequently be re-designated as an Unrestricted Subsidiary; and (e) no Restricted Subsidiary may be
designated as an Unrestricted Subsidiary unless concurrent with such designation such Restricted Subsidiary is designated as an “unrestricted subsidiary” (or otherwise not be subject to the covenants) under any Indebtedness. 

(b) The designation of any Restricted Subsidiary as an Unrestricted Subsidiary shall constitute an Investment (which must be an
Investment permitted pursuant to Section 8.4) by its direct parent (whether the Sponsor or a Restricted Subsidiary) in such Subsidiary on the date of such designation in an amount equal to the outstanding amount of all
Investments by Holdings, the Sponsor and its Restricted Subsidiaries in such Subsidiary on such date. 
 (c) The designation
of any Unrestricted Subsidiary as a Restricted Subsidiary shall constitute (i) the incurrence on the date of such designation of any Investment, Indebtedness or Liens of such Subsidiary existing on such date and (ii) for purposes of
calculating the outstanding amount of Investments by Holdings, the Sponsor and its Restricted Subsidiaries in all Unrestricted Subsidiaries, a return on all Investments by Holdings, the Sponsor and its Restricted Subsidiaries in such Subsidiary in
an amount equal to the outstanding amount of all such Investments in such Subsidiary on the date of such designation. 
 (d)
If at any time any Unrestricted Subsidiary (i) owns any equity interests or Indebtedness of, or owns or holds any Liens on, any property of Holdings, the Sponsor or any Restricted Subsidiary, (ii) Guarantees any Indebtedness of Holdings,
the Sponsor or any Restricted Subsidiary or (iii) ceases to be an “unrestricted subsidiary” (or otherwise becomes subject to the covenants) under any Indebtedness, then the Servicer shall, concurrent therewith, re-designate such Unrestricted Subsidiary as a Restricted Subsidiary. 
 Notwithstanding any of the
definitions or covenants contained in this Agreement to the contrary, Holdings and the Sponsor will not, and will not permit any Restricted Subsidiary to, consummate any transaction that results in the transfer (whether by way of any Restricted
Payment, Investment, or any sale, conveyance, transfer, or other disposition, or a designation of a Subsidiary as an Unrestricted Subsidiary or of an Unrestricted Subsidiary as a Subsidiary, and whether in a single transaction or a series of related
transactions) of material intellectual property rights (including patents, trademarks, service marks, tradenames, copyrights, proprietary leasing records and systems and other intellectual property) from Holdings, the Sponsor or any Restricted
Subsidiary to any Unrestricted Subsidiary. Except as expressly set forth herein, Unrestricted Subsidiaries will not be subject to any of the covenants set forth in this Agreement. 

  
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 ARTICLE VII 

FINANCIAL COVENANTS 

Holdings and the Sponsor covenant and agree that so long as the Facility Commitment remains outstanding or any Loans or Loan Commitments
remain outstanding or the Sponsor has any obligations under the Operative Documents, and until the full and final payment of all indebtedness of all Borrowers incurred pursuant to the Loan Documents and unless otherwise consented to in writing by
the Required Participants: 
 Section 7.1 Total Net Debt to EBITDA Ratio. Holdings, the Sponsor and
its Restricted Subsidiaries shall maintain, as of the last day of each Fiscal Quarter, a Total Net Debt to EBITDA Ratio of not greater than 2.50:1.00. 

Section 7.2 Fixed Charge Coverage Ratio. Holdings, the Sponsor and its Restricted Subsidiaries shall
maintain, as of the last day of each Fiscal Quarter, a Fixed Charge Coverage Ratio of not less than 1.75:1.00. 
 ARTICLE VIII 

NEGATIVE COVENANTS 

Holdings and the Sponsor covenant and agree that so long as the Facility Commitment remains outstanding or any Loans or Loan Commitments remain
outstanding or the Sponsor has any obligations under the Operative Documents, and until the full and final payment of all indebtedness of all Borrowers incurred pursuant to the Loan Documents and unless otherwise consented to in writing by the
Required Participants: 
 Section 8.1 Indebtedness. Holdings will not, and will not permit
any of its Restricted Subsidiaries to, create, incur, assume or suffer to exist any Indebtedness, except: 
 (a) Indebtedness created
pursuant to the Operative Documents; 
 (b) Indebtedness existing on the date hereof and set forth on Schedule 8.1 and extensions,
renewals and replacements of any such Indebtedness that do not increase the outstanding principal amount thereof (immediately prior to giving effect to such extension, renewal or replacement) or shorten the maturity or the weighted average life
thereof; 
 (c) Indebtedness of the Sponsor or any Restricted Subsidiary incurred after the Effective Date to finance the acquisition,
construction or improvement of any fixed or capital assets, including Capital Lease Obligations and any Indebtedness assumed in connection with the acquisition of any such assets or secured by a Lien on any such assets prior to the acquisition
thereof; provided, that such Indebtedness is incurred prior to or within ninety (90) days after such acquisition or the completion of such construction or improvements or extensions, renewals, and replacements of any such Indebtedness
that do not increase the outstanding principal amount thereof (immediately prior to giving effect to such extension, renewal or replacement) or shorten the maturity or the weighted average life thereof; provided further, (x) the
aggregate principal amount of such Indebtedness, as of any date of determination, does not at any time exceed three percent (3.0%) of the aggregate book value of the total assets of Holdings, the Sponsor and its Restricted Subsidiaries determined on
a consolidated basis as of the last day of the most recently ended Fiscal Quarter for which financial statements have been delivered, and (y) the aggregate principal amount of such Indebtedness incurred by Foreign Subsidiaries under this
Section 8.1(c), together with the principal amount of Indebtedness permitted to be incurred under Section 8.1(j) does not exceed twenty percent (20%) of the aggregate book value of the total assets
of Holdings, the Sponsor and its Restricted Subsidiaries measured on a consolidated basis in accordance with GAAP as of the end of the immediately preceding Fiscal Quarter for which financial statements have been delivered (giving effect to any
Acquisition financed with such Indebtedness on a Pro Forma Basis); 

  
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 (d) Indebtedness of the Sponsor owing to any Restricted Subsidiary that is a Credit Party
and of any Restricted Subsidiary that is a Credit Party owing to the Sponsor or any other Restricted Subsidiary that is a Credit Party; 

(e) Guarantees by the Sponsor of Indebtedness of any Restricted Subsidiary of the Borrower that is a Credit Party and by any Restricted
Subsidiary of the Borrower that is a Credit Party of Indebtedness of the Sponsor or any other Restricted Subsidiary of the Borrower that is a Credit Party; 

(f) Indebtedness under the Credit Agreement; 

(g) Guarantees by the Sponsor of Indebtedness of certain franchise operators of the Sponsor; provided such guarantees are given by the
Sponsor in connection with (i) loans made pursuant to the terms of this Agreement or (ii) loans made pursuant to terms of any other loan facility agreements and guaranteed on an unsecured basis with terms otherwise reasonably acceptable to
the Servicer entered into after the date hereof in an aggregate principal amount at any time outstanding not to exceed, as of any date of determination, three percent (3.0%) of the aggregate book value of the total assets of Holdings, the Sponsor
and its Restricted Subsidiaries determined on a consolidated basis as of the last day of the most recently ended Fiscal Quarter for which financial statements have been delivered; 

(h) endorsed negotiable instruments for collection in the ordinary course of business; 

(i) Guarantees by Sponsor of permitted Indebtedness of Foreign Subsidiaries that are Restricted Subsidiaries; 

(j) unsecured Indebtedness of Foreign Subsidiaries that are Restricted Subsidiaries (whether such Indebtedness represents loans made by the
Sponsor or any of its Restricted Subsidiaries or by a third party) so long as (i) after giving effect to the incurrence of such Indebtedness on a Pro Forma Basis, (as evidenced by a Pro Forma Compliance Certificate delivered to the Servicer),
(A) Holdings, the Sponsor and its Restricted Subsidiaries would be in compliance with the financial covenants in Article VII measured as of the last day of the most recently ended Fiscal Quarter for which financial statements are required to
have been delivered hereunder, (B) no Unmatured Credit Event or Credit Event has occurred and is continuing, or would result therefrom and (C) the aggregate principal amount of such Indebtedness, together with the amount of and
Indebtedness permitted to be incurred by such Foreign Subsidiaries under Section 8.1(c) does not exceed twenty percent (20%) of the aggregate book value of the total assets of Holdings, the Sponsor and its Restricted
Subsidiaries measured on a consolidated basis in accordance with GAAP as of the end of the immediately preceding Fiscal Quarter for which financial statements have been delivered (giving effect to any Acquisition financed with such Indebtedness on a
Pro Forma Basis) and (ii) (A) the terms of such Indebtedness do not provide for any scheduled repayment (including payment at maturity), mandatory redemption or sinking fund obligations (other than customary mandatory prepayments upon a change
of control, asset sale, event of loss, unpermitted debt issuance and customary acceleration rights after an event of default) prior to the date that is 91 days after the Revolving Commitment Termination Date (as defined in the Credit Agreement) and
the latest Maturity Date (as defined in the Credit Agreement) in effect at the time of the incurrence or issuance of such Indebtedness; (B) the covenants, events of default, guarantees and other
non-economic terms of such Indebtedness are either (1) customary for similar Indebtedness in light of then-prevailing market conditions (as reasonably determined by the Sponsor) or (2) reasonably
satisfactory to the Servicer, (C) any financial maintenance covenants with respect to such Indebtedness are not more restrictive to Holdings and its Restricted Subsidiaries than those set forth in this Agreement; and
(D) such Indebtedness shall not be Guaranteed by any Person that is not a Credit Party (or that does not simultaneously become a Credit Party); 

  
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 (k) secured Indebtedness in an aggregate principal amount not to exceed the greater of (i)
$15,000,000 and (ii) ten percent (10%) of Consolidated EBITDA for the period of four (4) Fiscal Quarters most recently ended prior to the date of determination for which financial statements were delivered under
Section 5.1(a) or (b); provided, that, (i) no unmatured Credit Event or Credit Event has occurred and is continuing or would result therefrom, (ii) after giving effect to the incurrence
thereof on a Pro Forma Basis (as evidenced by delivery of a Pro Forma Compliance Certificate to the Servicer), Holdings, the Sponsor and its Restricted Subsidiaries would be in compliance with the financial covenants in Article VII measured
as of the last day of the most recently ended Fiscal Quarter for which financial statements are required to have been delivered hereunder, (iii) the terms of such Indebtedness do not provide for any scheduled repayment (including payment at
maturity), mandatory redemption or sinking fund obligations (other than customary mandatory prepayments upon a change of control, asset sale, event of loss, unpermitted debt issuance and customary acceleration rights after an event of default) prior
to the date that is 91 days after the Revolving Commitment Termination Date (as defined in the Credit Agreement) and the latest Maturity Date (as defined in the Credit Agreement) in effect at the time of the incurrence or issuance of such
Indebtedness; (iv) the covenants, events of default, guarantees and other non-economic terms of such Indebtedness are either (A) customary for similar Indebtedness in light of then-prevailing market
conditions (as reasonably determined by the Sponsor) or (B) reasonably satisfactory to the Servicer, (v) any financial maintenance covenants with respect to such Indebtedness are not more restrictive to Holdings and its Restricted
Subsidiaries than those set forth in this Agreement; (vi) such Indebtedness shall not be Guaranteed by any Person that is not a Credit Party (or that does not simultaneously become a Credit Party); and (viii) such Indebtedness shall
not include any restriction on the ability of Holdings and its Restricted Subsidiaries to grant Liens in favor of the Servicer in accordance with the terms hereof; and 

(l) any other unsecured Indebtedness of Holdings, the Sponsor or any Restricted Subsidiary that is a Credit Party so long as after giving
effect to the incurrence of such Indebtedness on a Pro Forma Basis (as evidenced by delivery of a Pro Forma Compliance Certificate to the Servicer), (i) Holdings, the Sponsor and its Restricted Subsidiaries would be in compliance with the financial
covenants in Article VII measured as of the last day of the most recently ended Fiscal Quarter for which financial statements are required to have been delivered hereunder, (ii) no Unmatured Credit Event or Credit Event has occurred and
is continuing, or would result therefrom, (iii) the terms of such Indebtedness do not provide for any scheduled repayment (including payment at maturity), mandatory redemption or sinking fund obligations (other than customary mandatory
prepayments upon a change of control, asset sale, event of loss, unpermitted debt issuance and customary acceleration rights after an event of default) prior to the date that is 91 days after the Revolving Commitment Termination Date (as defined in
the Credit Agreement) and the latest Maturity Date (as defined in the Credit Agreement) in effect at the time of the incurrence or issuance of such Indebtedness; (iv) the covenants, events of default, guarantees and other non-economic terms of such Indebtedness are either (A) customary for similar Indebtedness in light of then-prevailing market conditions (as reasonably determined by the Borrower) or (B) reasonably
satisfactory to the Servicer, (v) any financial maintenance covenants with respect to such Indebtedness are not more restrictive to Holdings and its Restricted Subsidiaries than those set forth in this Agreement; and
(vi) such Indebtedness shall not be Guaranteed by any Person that is not a Credit Party (or that does not simultaneously become a Credit Party). 

Section 8.2 Negative Pledge. Holdings will not, and will not permit any of its Restricted
Subsidiaries to, create, incur, assume or suffer to exist any Lien on any of its assets or property now owned or hereafter acquired (other than any shares of stock of Holdings that are repurchased by the Sponsor and retired or held by Holdings) or,
except: 
 (a) Permitted Encumbrances; 

  
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 (b) any Liens on any property or asset of the Sponsor or any Restricted Subsidiary existing
on the Effective Date set forth on Schedule 8.2; provided, that such Lien shall not apply to any other property or asset of the Sponsor or any Restricted Subsidiary; 

(c) purchase money Liens upon or in any fixed or capital assets to secure the purchase price or the cost of construction or improvement of
such fixed or capital assets or to secure Indebtedness incurred solely for the purpose of financing the acquisition, construction or improvement of such fixed or capital assets (including Liens securing any Capital Lease Obligations);
provided, that (i) such Lien secures Indebtedness permitted by Section 8.1(c), (ii) such Lien attaches to such asset concurrently or within ninety (90) days after the acquisition, improvement or completion
of the construction thereof; (iii) such Lien does not extend to any other asset; and (iv) the Indebtedness secured thereby does not exceed the cost of acquiring, constructing or improving such fixed or capital assets together with all
interest, fees and costs incurred in connection therewith; 
 (d) any Lien (i) existing on any asset of any Person at the time such
Person becomes a Restricted Subsidiary of the Sponsor, (ii) existing on any asset of any Person at the time such Person is merged with or into the Sponsor or any Restricted Subsidiary of the Sponsor or (iii) existing on any asset prior to
the acquisition thereof by the Sponsor or any Restricted Subsidiary of the Sponsor; provided, that any such Lien was not created in the contemplation of any of the foregoing and any such Lien secures only those obligations which it secures on
the date that such Person becomes a Restricted Subsidiary or the date of such merger or the date of such acquisition; 
 (e) extensions,
renewals, or replacements of any Lien referred to in Sections 8.2(a) through 8.2(d); provided, that the principal amount of the Indebtedness secured thereby is not increased and that any such extension, renewal or replacement is
limited to the assets originally encumbered thereby; and 
 (f) Liens securing the Obligations (as defined in the Credit Agreement) of the
Sponsor under the Credit Agreement; 
 (g) Liens on shares of stock of any Foreign Subsidiary that is a Restricted Subsidiary to the extent
that the Guaranteed Obligations are secured pari passu with any other Indebtedness or obligations secured thereby; 
 (h) Liens securing
Indebtedness permitted by Section 8.1(k); and 
 (i) Liens securing obligations incurred in the ordinary course of
business (other than Indebtedness) in an aggregate principal amount not to exceed at any time $5,000,000. 
 Section 8.3
Fundamental Changes. 
 (a) Holdings will not, and will not permit any Restricted Subsidiary to, merge into or consolidate into
any other Person, or permit any other Person to merge into or consolidate with it, or sell, lease, transfer or otherwise dispose of (in a single transaction or a series of transactions) all or substantially all of its assets (in each case, whether
now owned or hereafter acquired and including, in each case, pursuant to a Delaware LLC Division) or all or substantially all of the stock of any of its Restricted Subsidiaries (in each case, whether now owned or hereafter acquired) or
liquidate or dissolve; provided, that (i) any Inactive Subsidiary may (A) liquidate into its immediate parent company or dissolve, (B) merge into any other Inactive Subsidiary or (C) merge into the Sponsor or any
other Restricted Subsidiary that is a Credit Party; provided that the Sponsor or such Restricted Subsidiary that is a Credit Party is the survivor of such merger, and (ii) if at the time thereof and immediately after giving effect
thereto, no Credit Event shall have occurred and be continuing (A) the Sponsor or any Restricted Subsidiary may merge with a Person (other than 

  
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Holdings); provided, that (x) if the Sponsor is a party to such merger, the Sponsor shall be the surviving Person and (y) if the Sponsor is not a party to such merger, such
Restricted Subsidiary or, in connection with a Permitted Acquisition, such Person if upon such merger such Person becomes a Restricted Subsidiary, is the surviving Person, (B) any Restricted Subsidiary may merge into another Restricted
Subsidiary or the Sponsor; provided, however, that if the Sponsor is a party to such merger, the Sponsor shall be the surviving Person; provided, further, that if any Restricted Subsidiary to such merger is a Guarantor,
the Guarantor shall be the surviving Person, (C) any Restricted Subsidiary may sell, transfer, lease or otherwise dispose of all or substantially all of its assets to the Sponsor or to a Guarantor, and (D) any other Restricted Subsidiary
may liquidate or dissolve if the Sponsor determines in good faith that such liquidation or dissolution is in the best interests of the Sponsor, is not materially disadvantageous to the Participants, and such Restricted Subsidiary dissolves into
another Guarantor or the Sponsor; provided, that any such merger involving a Person that is not a wholly-owned Restricted Subsidiary immediately prior to such merger shall not be permitted unless also permitted by
Section 8.4. 
 (b) Holdings will not, and will not permit any of its Restricted Subsidiaries to, engage in any
business other than (i) substantially the same business as presently conducted or such other businesses that are reasonably related thereto, including but not limited to the business of leasing and selling furniture, consumer electronics,
computers, appliances and other household goods and accessories inside and outside of the United States of America, through both independently-owned and franchised stores, providing lease-purchase solutions, credit and other financing solutions to
customers for the purchase and lease of such products, the manufacture and supply of furniture and bedding for lease and sale in such stores, and the provision of virtual
rent-to-own programs inside and outside of the United States of America (including but not limited to
point-of-sale lease purchase programs), (ii) any other businesses which are ancillary or complementary to, or reasonable extensions or expansions of, the business of
Holdings, the Sponsor and its Restricted Subsidiaries as conducted as of the Effective Date, as reasonably determined in good faith by the Sponsor and (iii) any businesses that are materially different from the business of Holdings, the Sponsor
and its Restricted Subsidiaries as conducted as of the Effective Date provided that any Investments made, funds expended or financial support provided by Holdings, the Sponsor and/or its Restricted Subsidiaries in connection with such alternative
lines of business shall not exceed $25,000,000 in the aggregate at any time outstanding. 
 Section 8.4
Investments, Loans, Etc. Holdings will not, and will not permit any of its Restricted Subsidiaries to, purchase, hold or acquire (including pursuant to any merger with any Person that was not a wholly-owned Restricted Subsidiary
prior to such merger), any Capital Stock, evidence of indebtedness or other securities (including any option, warrant, or other right to acquire any of the foregoing) of, make or permit to exist any loans or advances to, any obligations of, or make
or permit to exist any investment or any other interest in, any other Person (all of the foregoing being collectively called “Investments”), or purchase or otherwise acquire (in one transaction or a series of transactions)
any assets of any other Person that constitute a business unit, or create or form any Subsidiary, except: 
 (a) Investments (other than
Permitted Investments) existing on the date hereof and set forth on Schedule 8.4 (including Investments in Restricted Subsidiaries); 

(b) Permitted Investments; 
 (c)
Permitted Acquisitions; 
 (d) Investments made by the Sponsor in or to any other Credit Party (other than Holdings) and by any other Credit
Party (other than Holdings) to the Sponsor or in or to another Credit Party (other than Holdings); 

  
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 (e) loans or advances to employees, officers, directors or stockholders of the Sponsor or
any Restricted Subsidiary in the ordinary course of business; provided, however, that the aggregate amount of all such loans and advances does not exceed $2,000,000 at any time outstanding; 

(f) loans to franchise operators and owners of franchises acquired or funded pursuant to this Agreement and the other credit facility
agreements referenced in Section 8.1(g); 
 (g) Guarantees permitted under
Section 8.1(g); 
 (h) the acquisition or ownership of stock, obligations or securities received in settlement of
debts (created in the ordinary course of business) owing to any Guarantor or any of their Restricted Subsidiaries; 
 (i) loans to and other
investments in Foreign Subsidiaries that are Restricted Subsidiaries; provided that, the aggregate amount of such outstanding loans to and investments in such Foreign Subsidiaries do not exceed the amount permitted under
Section 8.1(j). 
 (j) Investments in investment grade corporate bonds and variable rate demand notes having a
rating of BBB+ (or the equivalent) or higher, at the time of acquisition thereof, from S&P or Moody’s and in either case maturing within two years from the date of acquisition thereof in an aggregate amount not to exceed $100,000,000
at any time; 
 (k) other Investments (other than Investments in Unrestricted Subsidiaries); provided, that, (i) no
Unmatured Credit Event or Credit Event has occurred and is continuing or would result therefrom and (ii) after giving effect to the payment thereof on a Pro Forma Basis, Holdings, the Sponsor and its Restricted Subsidiaries would be in
compliance with the financial covenants in Article VII measured as of the last day of the most recently ended Fiscal Quarter for which financial statements are required to have been delivered hereunder; 

(l) other Investments (other than Investments in Unrestricted Subsidiaries) not to exceed $50,000,000 at any time; and 

(m) other Investments not to exceed, as of any date of determination, an amount equal to three percent (3.0%) of the aggregate book value of
the total assets of Holdings, the Sponsor and its Restricted Subsidiaries determined on a consolidated basis as of the last day of the most recently ended Fiscal Quarter for which financial statements have been delivered; provided,
that, (i) no unmatured Credit Event or Credit Event has occurred and is continuing or would result therefrom and (ii) after giving effect to the payment thereof on a Pro Forma Basis, Holdings, the Sponsor and its Restricted
Subsidiaries would be in compliance with the financial covenants in Article VII measured as of the last day of the most recently ended Fiscal Quarter for which financial statements are required to have been delivered hereunder. 

Section 8.5 Restricted Payments. Holdings will not, and will not permit its Restricted Subsidiaries
to, declare or make, or agree to pay or make, directly or indirectly, any dividend on any class of its Capital Stock, or make any payment on account of, or set apart assets for a sinking or other analogous fund for, the purchase, redemption,
retirement, defeasance or other acquisition of, any shares of Capital Stock or Indebtedness subordinated to the Guaranteed Obligations of the Sponsor or any options, warrants, or other rights to purchase such Capital Stock or such subordinated
Indebtedness, whether now or hereafter outstanding (each, a “Restricted Payment”), except for (a) dividends payable by Holdings solely in shares of any class of its common stock, (b) Restricted Payments made by any
Restricted Subsidiary to Holdings or to another Credit Party and (c) other Restricted Payments made by Holdings in cash so long as, (x) no Credit Event or Unmatured Credit Event has occurred and is continuing or would result therefrom and
(y) after giving effect to the payment thereof on a Pro Forma Basis, Holdings, the Sponsor and its Restricted Subsidiaries would be in compliance with the financial covenants in Article VII measured as of the last day of the most
recently ended Fiscal Quarter for which financial statements are required to have been delivered hereunder. 

  
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 Section 8.6 Sale of Assets. Holdings will not, and
will not permit any of its Restricted Subsidiaries to, convey, sell, lease, assign, transfer or otherwise dispose of (including any disposition of property to a Delaware Divided LLC pursuant to a Delaware LLC Division), any of its assets, business
or property, whether now owned or hereafter acquired, or, in the case of any Restricted Subsidiary, issue or sell any shares of such Restricted Subsidiary’s Capital Stock to any Person other than the Sponsor or a Guarantor (or to qualify
directors if required by applicable law), except (a) the sale or other disposition for fair market value of obsolete or worn out property or other property not necessary for operations disposed of in the ordinary course of business;
(b) the sale of inventory and Permitted Investments in the ordinary course of business, (c) sales and dispositions permitted under Section 8.3(a) and sale and leaseback transactions permitted under
Section 8.9, (d) sales of assets in connection with the sale of a store owned by Sponsor to a franchisee of the Sponsor, (e) other sales of assets made on or after the Effective Date not to exceed, as of any date of
determination, an amount equal to five percent (5.0%) of the aggregate book value of the total assets of Holdings, the Sponsor and its Restricted Subsidiaries determined on a consolidated basis as of the last day of the most recently ended Fiscal
Quarter for which financial statements have been delivered and (f) the sale or other disposition of assets in an amount at least equal to the fair market value of such asset (as reasonably determined in good faith by the Sponsor) and at least
75% of the cash consideration of which is paid to the Sponsor or the Restricted Subsidiary in cash or Cash Equivalents. 

Section 8.7 Transactions with Affiliates. Holdings will not, and will not permit any of its Restricted
Subsidiaries to, sell, lease or otherwise transfer any property or assets to, or purchase, lease or otherwise acquire any property or assets from, or otherwise engage in any other transactions with, any of its Affiliates, except (a) in the
ordinary course of business at prices and on terms and conditions not less favorable to Holdings or such Restricted Subsidiary than could be obtained on an arm’s-length basis from unrelated third parties,
(b) transactions between or among the Sponsor and its wholly-owned Restricted Subsidiaries not involving any other Affiliates, (c) any Restricted Payment permitted by Section 8.5 and (d) transactions
permitted under Section 8.4(e). 
 Section 8.8 Restrictive Agreements.
Holdings will not, and will not permit any Restricted Subsidiary to, directly or indirectly, enter into, incur or permit to exist any agreement that prohibits, restricts or imposes any condition upon (a) the ability of Holdings or any
Restricted Subsidiary to create, incur or permit any Lien upon any of its assets or properties, whether now owned or hereafter acquired, or (b) the ability of any Restricted Subsidiary to pay dividends or other distributions with respect
to its Capital Stock, to make or repay loans or advances to Holdings or any other Restricted Subsidiary, to Guarantee Indebtedness of Holdings or any other Restricted Subsidiary or to transfer any of its property or assets to Holdings or any
Restricted Subsidiary of Holdings; provided, that (i) the foregoing shall not apply to restrictions or conditions imposed by law or by this Agreement, any other Transaction Document or any other indenture, note purchase agreement or loan
agreement in connection with any permitted refinancing of the debt evidenced by the Credit Documents, so long as the restrictions and conditions in such other indenture, note purchase agreement or loan agreement are no more burdensome in any
material respect than those imposed by the Credit Documents), (ii) the foregoing shall not apply to customary restrictions and conditions contained in agreements relating to the sale of a Restricted Subsidiary pending such sale; provided
such restrictions and conditions apply only to the Restricted Subsidiary that is sold and such sale is permitted hereunder, (iii) Section 8.8(a) shall not apply to restrictions or conditions imposed by any agreement
relating to secured Indebtedness permitted by this Agreement if such restrictions and conditions apply only to the property or assets securing such Indebtedness and (iv) Section 8.8(a) shall not apply to customary
provisions in leases restricting the assignment thereof. 

  
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 Section 8.9 Sale and Leaseback Transactions.
Holdings will not, and will not permit any of its Restricted Subsidiaries to, enter into any arrangement, directly or indirectly, whereby it shall sell or transfer any property, real or personal, used or useful in its business, whether now owned or
hereinafter acquired, and thereafter rent or lease such property or other property that it intends to use for substantially the same purpose or purposes as the property sold or transferred; provided, however, the Sponsor may engage in
such sale and leaseback transactions so long as the aggregate fair market value of all assets sold and leased back does not exceed $150,000,000 from and after the date hereof. 

Section 8.10 Legal Name, State of Formation and Form of Entity. Holdings will not, and will not permit
any Restricted Subsidiary to, without providing ten (10) days prior written notice to the Servicer (or such lesser period as the Servicer may agree), change its name, state of formation or form of organization. 

Section 8.11 Accounting Changes. Holdings will not, and will not permit any Restricted Subsidiary to,
make any significant change in accounting treatment or reporting practices, except as required by GAAP, or change the Fiscal Year of Holdings or of any Restricted Subsidiary, except to change the Fiscal Year of a Restricted Subsidiary to conform its
Fiscal Year to that of Holdings. 
 Section 8.12 Hedging Transactions. Holdings will not, and will
not permit any of its Restricted Subsidiaries to, enter into any Hedging Transaction, other than Hedging Transactions entered into in the ordinary course of business to hedge or mitigate risks to which the Sponsor or any Restricted Subsidiary is
exposed in the conduct of its business or the management of its liabilities. Solely for the avoidance of doubt, the Sponsor acknowledges that a Hedging Transaction entered into for speculative purposes or of a speculative nature is not a Hedging
Transaction entered into in the ordinary course of business to hedge or mitigate risks. 
 Section 8.13
Activities of Inactive Subsidiaries. Unless any Inactive Subsidiary has become a Guarantor in accordance with the terms of Section 6.10 of this Agreement, the Sponsor will not permit such Inactive
Subsidiary to engage in any business activity other than (a) maintaining its existence and/or winding up its affairs and (b) activities related to the completion of any ongoing tax audits, and (x) no Credit Party shall make any
additional Investment in any Inactive Subsidiary other than in connection with the business and activities set forth in Sections 8.13(a) and (b) above and (y) no Inactive Subsidiary shall incur Indebtedness of any type
(including, without limitation, any guaranties). 
 Section 8.14 Government Regulation. Holdings
will not, and will not permit any of its Subsidiaries to, (a) be or become subject at any time to any law, regulation, or list of any Governmental Authority of the United States (including, without limitation, the OFAC list) that prohibits or
limits the Participants or the Servicer from making any advance or extension of credit to the Sponsor or from otherwise conducting business with Credit Parties, or (b) fail to provide documentary and other evidence of the identity of the Credit
Parties as may be reasonably requested by the Participants or the Servicer at any time to enable the Participants or the Servicer to verify the identity of the Credit Parties or to comply with any applicable law or regulation, including, without
limitation, Section 326 of the Patriot Act at 31 U.S.C. Section 5318. 
 Section 8.15 Ownership of
Subsidiaries. Notwithstanding any other provisions of this Agreement to the contrary, Holdings will not, and will not permit any of the Restricted Subsidiaries to (a) permit any Person (other than the Sponsor, any other Guarantor or any
wholly owned Restricted Subsidiary thereof) to own any Capital Stock of any Restricted Subsidiary, except to qualify directors if required by applicable Requirements of Law, and except for any dispositions of Restricted Subsidiaries otherwise
permitted under this Agreement, or (b) permit any Restricted Subsidiary to issue or have outstanding any shares of preferred Capital Stock. 

  
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 Section 8.16 Amendment of Organizational Documents.
Holdings will not, and will not permit any of its Restricted Subsidiaries to, amend, modify or waive any of its rights in a manner materially adverse to the Participants or any Credit Party under its charter,
by-laws or other organizational document, except in any manner that would not have an adverse effect on the Participants, the Servicer, Holdings, the Sponsor or any of its Restricted Subsidiaries. 

Section 8.17 Activities of Holdings. Holdings will not engage in any operations, business or activity
other than (a) owning the Capital Stock in its Subsidiaries, (b) maintaining its corporate existence including the issuance of Capital Stock, holding director and shareholder meetings, and entering into those agreements and arrangements
incidental thereto and incurring and paying fees, costs and expenses relating to thereto, (c) participating in tax, accounting, corporate and other administrative activities or other activities incidental thereto as a member of the consolidated
group of companies including the Credit Parties, (d) executing, delivering and the performance of rights and obligations under the Operative Documents, (e) the consummation of the Restructuring and the other transactions contemplated by
the Operative Documents, (f) making any Restricted Payment permitted by this Agreement, (g) making capital contributions to the other Credit Parties, (h) executing, delivering and the performance of rights and obligations under any
employment agreements and any documents related thereto, (i) making Investments permitted under this Agreement, (j) providing indemnification to its officers and directors in the ordinary course of business, (k) the performing of
activities in preparation for and consummating any public offering of its Capital Stock or any other issuance or sale of its Capital Stock, (l) the holding of any cash and Cash Equivalents (but not owning or operating any property), (m) the
entry into and performance of its obligations with respect to contracts and other arrangements entered into in the ordinary course of business providing for indemnification to officers, managers, directors and employees, (n) any activities
incidental to the foregoing or required to comply with applicable law, and (o) any action or transaction permitted hereunder. 

ARTICLE IX 
 CREDIT
EVENTS AND REMEDIES 
 In the event that: 

Section 9.1 the Sponsor shall fail to pay any amount due hereunder; or 

Section 9.2 any representation or warranty made or deemed made by or on behalf of Holdings, the Sponsor or any other
Restricted Subsidiary in or in connection with this Agreement or any other Operative Document (including the Schedules attached thereto) and any amendments or modifications hereof or waivers hereunder, or in any certificate, report, financial
statement or other document submitted to the Servicer or the Participants by any Credit Party or any representative of any Credit Party pursuant to or in connection with this Agreement or any other Operative Document shall prove to be incorrect in
any material respect when made or deemed made or submitted; or 
 Section 9.3 the Sponsor or Holdings shall fail
to observe or perform any covenant or agreement contained in Sections 6.1, 6.2, 6.3 (solely with respect to the Sponsor’s or Holdings’ existence) or 6.11 or Article VII or VIII;
or 
 Section 9.4 (i) the Sponsor or Holdings shall fail to observe or perform any covenant or agreement contained
in Section 6.12, and such failure shall remain unremedied for ten (10) Business Days after the earlier of (A) any officer of the Sponsor becomes aware of such failure or (B) notice thereof shall have been
given to the Sponsor by the Servicer or any Participant or (ii) any Credit Party shall fail to observe or perform any covenant or agreement contained in this Agreement (other than those referred to in Sections 9.1, 9.2, 9.3
and 9.4(i) above), and such failure shall remain unremedied for thirty (30) days after the earlier of (A) any officer of the Sponsor becomes aware of such failure or (B) notice thereof shall have been given to the Sponsor by
the Servicer or any Participant; or 

  
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 Section 9.5 any event of default (after giving effect to any grace
period) shall have occurred and be continuing under the Credit Documents, or all or any part of the obligations due and owing under the Credit Agreement are accelerated, declared to be due and payable or required to be prepaid or redeemed, in each
case prior to the stated maturity thereof; 
 Section 9.6 Holdings, the Sponsor or any Restricted Subsidiary
(whether as primary obligor or as guarantor or other surety) shall fail to pay any principal of or premium or interest on any Material Indebtedness that is outstanding, when and as the same shall become due and payable (whether at scheduled
maturity, required prepayment, acceleration, demand or otherwise), and such failure shall continue after the applicable grace period, if any, specified in the agreement or instrument evidencing such Indebtedness; or any other event shall occur or
condition shall exist under any agreement or instrument relating to such Indebtedness and shall continue after the applicable grace period, if any, specified in such agreement or instrument, if the effect of such event or condition is to accelerate,
or permit the acceleration of, the maturity of such Indebtedness; or any such Indebtedness shall be declared to be due and payable; or required to be prepaid or redeemed (other than by a regularly scheduled required prepayment or redemption),
purchased or defeased, or any offer to prepay, redeem, purchase or defease such Indebtedness shall be required to be made, in each case prior to the stated maturity thereof; or 

Section 9.7 Holdings, the Sponsor, any Material Subsidiary, or, to the extent such action could reasonably be
expected to have a Material Adverse Effect, any other Restricted Subsidiary shall (i) commence a voluntary case or other proceeding or file any petition seeking liquidation, reorganization or other relief under any federal, state or foreign
bankruptcy, insolvency or other similar law now or hereafter in effect or seeking the appointment of a custodian, trustee, receiver, liquidator or other similar official of it or any substantial part of its property, (ii) consent to the
institution of, or fail to contest in a timely and appropriate manner, any proceeding or petition described in Section 9.7(i), (iii) apply for or consent to the appointment of a custodian, trustee, receiver, liquidator or
other similar official for Holdings, the Sponsor or any such Material Subsidiary or for a substantial part of its assets, (iv) file an answer admitting the material allegations of a petition filed against it in any such proceeding,
(v) make a general assignment for the benefit of creditors, or (vi) take any action for the purpose of effecting any of the foregoing; or 

Section 9.8 an involuntary proceeding shall be commenced or an involuntary petition shall be filed seeking
(i) liquidation, reorganization or other relief in respect of Holdings, the Sponsor, any Material Subsidiary, or, to the extent such action could reasonably be expected to have a Material Adverse Effect, any other Restricted Subsidiary, or its
debts, or any substantial part of its assets, under any federal, state or foreign bankruptcy, insolvency or other similar law now or hereafter in effect or (ii) the appointment of a custodian, trustee, receiver, liquidator or other similar
official for Holdings, the Sponsor, any Material Subsidiary, or, to the extent such action could reasonably be expected to have a Material Adverse Effect, any other Restricted Subsidiary, or for a substantial part of its assets, and in any such
case, such proceeding or petition shall remain undismissed for a period of sixty (60) days or an order or decree approving or ordering any of the foregoing shall be entered; or 

Section 9.9 Holdings, the Sponsor, any Material Subsidiary, or, to the extent such action could reasonably be
expected to have a Material Adverse Effect, any other Restricted Subsidiary shall become unable to pay, shall admit in writing its inability to pay, or shall fail to pay, its debts as they become due; or 

  
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 Section 9.10 an ERISA Event shall have occurred that when taken
together with other ERISA Events that have occurred, could reasonably be expected to result in liability to Holdings, the Sponsor and the Restricted Subsidiaries in an aggregate amount exceeding, as of any date of determination, an amount equal to
two percent (2.0%) of the aggregate book value of the total assets of Holdings, the Sponsor and its Restricted Subsidiaries determined on a consolidated basis as of the last day of the most recently ended Fiscal Quarter for which financial
statements have been delivered or otherwise having a Material Adverse Effect; or 
 Section 9.11 judgments and
orders for the payment of money in excess of in the aggregate, as of any date of determination, an amount equal to two percent (2.0%) of the aggregate book value of the total assets of Holdings, the Sponsor and its Restricted Subsidiaries determined
on a consolidated basis as of the last day of the most recently ended Fiscal Quarter for which financial statements have been delivered, to the extent not covered by insurance for which the insurance carrier has acknowledged coverage, shall be
rendered against Holdings, the Sponsor, any Material Subsidiary or, to the extent such action could reasonably be expected to have a Material Adverse Effect, any other Restricted Subsidiary, and to the extent such judgments or orders have not been
discharged either (i) enforcement proceedings shall have been commenced by any creditor upon such judgment or order or (ii) there shall be a period of thirty (30) consecutive days during which a stay of enforcement of such judgment or
order, by reason of a pending appeal or otherwise, shall not be in effect; or 
 Section 9.12 any non-monetary judgment or order shall be rendered against Holdings, the Sponsor or any Restricted Subsidiary that could reasonably be expected to have a Material Adverse Effect, and there shall be a period of
30 consecutive days during which a stay of enforcement of such judgment or order, by reason of a pending appeal or otherwise, shall not be in effect; or 

Section 9.13 a Change in Control shall occur or exist; or 

Section 9.14 any provision of any Guaranty Agreement shall for any reason cease to be valid and binding on, or
enforceable against, any Guarantor, or any Guarantor shall so state in writing, or any Guarantor shall seek to terminate the Guaranty Agreement; or 

Section 9.15 there shall exist or occur any default or event of default as provided under the terms of any other
Operative Document (after giving effect to any notice and cure periods set forth in such Operative Document), or any Operative Document ceases to be in full force and effect or the validity or enforceability thereof is disaffirmed by or on behalf of
the Sponsor or any other Credit Party, or at any time it is or becomes unlawful for Sponsor or any other Credit Party to perform or comply with its obligations under any Operative Document, or the obligations of the Sponsor or any other Credit Party
under any Operative Document are not or cease to be legal, valid and binding on Sponsor or any such Credit Party; or 

Section 9.16 the Servicer shall not have or shall cease to have a valid and perfected lien in any material portion
of the Credit Party Collateral purported to be covered by the Credit Party Collateral Documents for any reason other than the failure of the Servicer to take any action within its control; 

then upon the occurrence and during the continuation of any such event (each, a “Credit Event”): 

(a) the Servicer may, with the consent of the Required Participants, and upon the written request of the Required Participants, shall, take any
or all of the following actions, without prejudice to the rights of the Servicer or any Participant to enforce its claims against Sponsor, any other Credit Party, any Borrower or other obligor with respect to any Loan: (i) declare the Facility
Commitment terminated, whereupon the Facility Commitment shall terminate immediately and any unpaid Participant Commitment 

  
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Fee shall forthwith become due and payable without any other notice of any kind (with the express understanding that such termination of the Facility Commitment shall not result in a termination
of the Participating Commitments of each Participant or of the obligation of the Servicer to fund any Loan Commitment); (ii) demand that the Sponsor purchase specified or all outstanding Loans and Loan Commitments by paying to the Servicer the
Loan Indebtedness of each such Loan and assuming the Servicer’s obligations under each Loan Commitment, whereupon such amount shall become, forthwith due and payable without presentment, demand, protest or other notice of any kind, all of which
are hereby waived by the Sponsor (with the express understanding the limitations on Sponsor’s guaranty obligations set forth in Article X shall not apply); and (iii) take any other action and exercise any other remedy available by
contract or at law; provided, that, if a Credit Event specified in Sections 9.7, 9.8 or 9.9 shall occur, the result which would occur upon the giving of notice by the Servicer to any Credit Party, shall occur
automatically without the giving of any such notice; and 
 (b) in addition, the Servicer may, with the consent of the Required Participants
and shall, upon the written request of the Required Participants, to the extent authorized to do so pursuant to the Loan Agreements (which authorization is limited to certain specified Credit Events), (x) cease funding further Advances pursuant to
the Revolving Commitments and the Line of Credit Commitments and (y) declare all Loan Indebtedness outstanding pursuant to the US Revolving Commitments, the Canadian Revolving Commitments, the Line of Credit Commitments, the US Term Loan
Commitments and the Canadian Term Loan Commitments to be immediately due and payable in accordance with the terms of the applicable Operative Documents and exercise all rights and remedies provided under the Operative Documents. 

ARTICLE X 
 GUARANTY

 In addition to its obligations upon the occurrence of a Credit Event or a Change in Control and its other obligations pursuant to
the Operative Documents, the Sponsor hereby agrees as follows: 
 Section 10.1 Unconditional
Guaranty. The Sponsor hereby unconditionally and irrevocably guarantees to the Servicer, each Participant and any transferee of the Participants, the full and prompt payment of all of the Guaranteed Obligations relating to the Loans and all
costs, charges and expenses (including reasonable attorneys’ fees) actually incurred or sustained by the Servicer or any Participant in enforcing the obligations of the Sponsor hereunder or the obligations of the Borrowers under the applicable
Operative Documents. If any portion of the Loan Indebtedness with respect to any Defaulted Loan is not paid by the date specified herein, Sponsor hereby agrees to and will immediately pay the same in the applicable currency, without resort by
Servicer or any Participant to any other person or party. The obligation of the Sponsor to Servicer and the Participants hereunder is primary, absolute and unconditional, except as may be specifically set forth herein. This is a guaranty of payment
and not of collection. The obligations of the Sponsor pursuant to this Article X constitute a guarantee that is continuing in nature. 
 The Servicer
may, with the consent of the Required Participants and shall, upon the written request of the Required Participants, in the event that the obligations of the Sponsor with respect to a Defaulted Loan have arisen hereunder, request that the Sponsor
purchase the Defaulted Loan and related Loan Commitment from the Servicer prior to the acceleration of the Defaulted Loan pursuant to the terms of the applicable Operative Documents for an amount equal to the Loan Indebtedness with respect to such
Defaulted Loan, and Sponsor shall promptly upon receipt of such request, purchase such Defaulted Loan and assume the Loan Commitment related thereto, and such purchase by the Sponsor shall be deemed to be a payment hereunder in such amount. 

  
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 Section 10.2 Continuing Guaranty. The obligations of
the Sponsor pursuant to this Article X constitute a guarantee which is continuing in nature and shall be effective with respect to the full amount outstanding under all Guaranteed Obligations, now existing or hereafter made or extended,
regardless of the amount. 
 Section 10.3 Waivers. The Sponsor hereby waives notice of
Servicer’s and each Participant’s acceptance of this Agreement and the creation, extension or renewal of any Loans or other Guaranteed Obligations. Sponsor hereby consents and agrees that, at any time or times, without notice to or further
approval from Sponsor, and without in any way affecting the obligations of the Sponsor hereunder, Servicer and the Participants may, with or without consideration (i) release, compromise with, or agree not to sue, in whole or in part, any
Borrower or any other obligor, guarantor, endorser or surety on any Loans or any other Guaranteed Obligations, (ii) renew, extend, accelerate, or increase or decrease the principal amount of any Loans or other Guaranteed Obligations, either in
whole or in part, (iii) amend, waive, or otherwise modify any of the terms of any Loans or other Guaranteed Obligations or of any mortgage, deed of trust, security agreement, or other undertaking of any of the Borrowers or any other obligor,
endorser, guarantor or surety in connection with any Loans or other Guaranteed Obligations, and (iv) apply any payment received from Borrowers or from any other obligor, guarantor, endorser or surety on the Loans or other Guaranteed Obligations
to any of the liabilities of Borrowers or of such other obligor, guarantor, endorser, or surety which Servicer may choose, subject, however, to the rights of the Sponsor to bring a separate action for any breach of the Operative Documents pursuant
to Section 10.10. 
 Section 10.4 Additional Actions. Subject to
Section 10.10, Sponsor hereby consents and agrees that the Servicer may at any time or times, either with or without consideration, surrender, release or receive any property or other Collateral of any kind or nature
whatsoever held by it or for its account securing any Loans or other Guaranteed Obligations, or substitute any Collateral so held by Servicer for other Collateral of like or different kind, without notice to or further consent from Sponsor, and such
surrender, receipt, release or substitution shall not in any way affect the obligations of the Sponsor hereunder. Subject to Section 10.10, Servicer shall have full authority to adjust, compromise, and receive less than the
amount due upon any such Collateral, and may enter into any accord and satisfaction agreement with respect to the same as Servicer may deem advisable without affecting the obligations of the Sponsor hereunder. Servicer shall be under no duty to
undertake to collect upon such Collateral or any part thereof, and Sponsor’s obligations hereunder shall not be affected by Servicer’s alleged negligence or mistake in judgment in handling, disposing of, obtaining, or failing to collect
upon or perfect a security interest in, any such Collateral. 
 Section 10.5 Additional Waivers.
Sponsor hereby waives presentment, demand, protest, and notice of dishonor of any of the liabilities guaranteed hereby. Neither Servicer nor any Participant shall have any duty or obligation (i) to proceed or exhaust any remedy against any
Borrower, any other obligor, guarantor, endorser, or surety on any Loans or other Guaranteed Obligations, or any other security held by Servicer or any Participant for any Loans or other Guaranteed Obligations, or (ii) to give any notice
whatsoever to Borrowers, Sponsor, or any other obligor, guarantor, endorser, or surety on any Loans or other Guaranteed Obligations, before bringing suit, exercising rights to any such security or instituting proceedings of any kind against Sponsor,
any Borrower, or any of them, and Sponsor hereby waives any requirement for such actions by Servicer or any Participant. Upon default by any Borrower and Servicer’s demand to Sponsor hereunder, Sponsor shall be held and bound to Servicer and
each Participant directly as principal debtor in respect of the payment of the amounts hereby guaranteed, such liability of the Sponsor being joint and several with each Borrower and all other obligors, guarantors, endorsers and sureties on the
Loans or other Guaranteed Obligations, subject, however, to the rights of the Sponsor to bring a separate action for any breach of the Operative Documents pursuant to Section 10.10. 

  
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 Section 10.6 Postponement of Obligations. Until the
Loan and other Guaranteed Obligations of any Borrower to the Servicer and the Participants have been paid in full (i) all present and future indebtedness of such Borrower to Sponsor (the “Subordinated Debt”) is hereby
postponed to the present and future Loan Indebtedness of such Borrower to Servicer and each Participant, and all monies received from such Borrower or for its account by Sponsor with respect to such Subordinated Debt shall be received in trust for
Servicer and the Participants, and promptly upon receipt, shall be paid over to Servicer for distribution to the Participants in accordance herewith until such Borrower’s Loan Indebtedness to Servicer and the Participants is fully paid and
satisfied, all without prejudice to and without in any way affecting the obligations of the Sponsor hereunder; provided that unless a Loan Default or Loan Payment Default has occurred and is continuing with respect to such Borrower,
the Sponsor may accept and retain any payments made by such Borrower to the Sponsor in the ordinary course of business, and (ii) Sponsor shall not have any rights of subrogation or otherwise to participate in any security held by the Servicer
for any Loan to such Borrower or any other Guaranteed Obligations arising therefrom, and Sponsor hereby waives such rights until such time as such Loan and other Guaranteed Obligations have been paid in full to the Servicer and each Participant
(whether by repurchase by the Sponsor, pursuant to this Article X or otherwise). 
 Section 10.7
Effect on Additional Guaranties. The obligations of the Sponsor pursuant to this Article X are in addition to, and are not intended to supersede or be a substitute for any other guarantee, suretyship agreement, or instrument
which Servicer may hold in connection with any Loans or other Guaranteed Obligations. 
 Section 10.8
Reliance on Guaranty and Purchase Obligation; Disclaimer of Liability. Sponsor expressly acknowledges and agrees that each of the Servicer and the Participants, in making its credit decision with regard to the funding of the Loans,
will rely solely upon the guaranty and purchase obligation of the Sponsor set forth above and that neither the Servicer nor any Participant is under any obligation or duty to perform any credit analysis or investigation with regard to the
creditworthiness of any Borrower. In addition, the Servicer expressly disclaims any responsibility or liability for the authenticity of signatures on any of the Loan Documents (other than the Servicer’s), the authority of the Persons executing
the Loan Documents (other than the Servicer) or the enforceability or compliance with laws of any of the Loan Documents. 
 SPONSOR EXPRESSLY
ACKNOWLEDGES AND AGREES THAT SPONSOR’S GUARANTY OBLIGATIONS TO PURCHASE LOANS UNDER THIS AGREEMENT ARE ABSOLUTE AND UNCONDITIONAL. WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, SPONSOR’S OBLIGATION SHALL NOT BE AFFECTED BY THE
EXISTENCE OF ANY DEFAULT BY ANY BORROWER UNDER THE APPLICABLE LOAN DOCUMENTS, ANY EXCHANGE, RELEASE OR NONPERFECTION OF ANY LIEN WITH RESPECT TO ANY COLLATERAL SECURING PAYMENT OF ANY LOAN, THE SUBSTITUTION OR RELEASE OF ANY ENTITY PRIMARILY OR
SECONDARILY LIABLE FOR ANY LOAN, ANY LACK OF ENFORCEABILITY OF ANY LOAN DOCUMENT, ANY LAW, REGULATION, OR ORDER OF ANY JURISDICTION AFFECTING ANY LOAN OR LOAN DOCUMENT OR THE RIGHTS OF THE HOLDER THEREOF, ANY CHANGE IN THE CONDITION OR PROSPECTS OF
THE SPONSOR, INCLUDING WITHOUT LIMITATION, INSOLVENCY, BANKRUPTCY, REORGANIZATION OR SIMILAR PROCEEDING, OR ANY OTHER CIRCUMSTANCE WHICH MIGHT, BUT FOR THE PROVISIONS OF THIS PARAGRAPH, CONSTITUTE A LEGAL OR EQUITABLE DISCHARGE OF THE SPONSOR’S
OBLIGATIONS HEREUNDER. SPONSOR’S OBLIGATIONS HEREUNDER SHALL NOT BE AFFECTED BY ANY SET-OFF OR CLAIM WHICH IT MIGHT HAVE AGAINST THE SERVICER OR ANY PARTICIPANT, WHETHER ARISING OUT OF THIS AGREEMENT OR
OTHERWISE, BUT SUBJECT TO SECTION 10.11 BELOW. 

  
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 Section 10.9 Reinstatement of Obligations. The
obligations of the Sponsor pursuant to the Operative Documents shall continue to be effective or be reinstated, as the case may be, if at any time payment or any part thereof, of principal of, interest on or any other amount with respect to any Loan
or any obligation of the Sponsor pursuant to the Operative Documents is rescinded or must otherwise be restored by the Servicer or any Participant upon the bankruptcy or reorganization of the Sponsor, any Borrower or any guarantor or otherwise. 

Section 10.10 Right to Bring Separate Action. Nothing contained in this Article X shall be
construed to affect any other right that Sponsor may otherwise have under this Agreement, or any Operative Document or Loan Documents, at law or in equity to institute an action or assert a claim against the Servicer or any Participant based upon a
breach of Servicer’s or such Participant’s obligations set forth in the Operative Documents or Loan Documents or to assert a compulsory counterclaim with respect thereto and any waiver of notice or other matter set forth in this Article
X shall not affect Sponsor’s right to seek damages arising from the failure of the Servicer to give such notice otherwise required by the terms of the Operative Documents or Loan Documents. 

Section 10.11 Subordination of Liens. The Sponsor hereby subordinates the lien and priority of the
Sponsor’s existing and future liens and other interests, if any, in and to the Collateral to the Servicer’s existing and future interest in the Collateral under the Loan Documents notwithstanding the time of attachment of the interests of
the Sponsor or the Servicer or the time the Loan Indebtedness or the Subordinated Debt is incurred. Notwithstanding anything to the contrary contained in this Agreement, under applicable law or otherwise, in the event that the liens of the Servicer
are at any time unperfected with respect to any or all of the Collateral, the lack of perfection by the Servicer as to any such Collateral shall not affect the validity, enforceability or priority of any lien on the Collateral in favor of the
Sponsor. In any such event, the liens of the Sponsor shall have priority over any and all other Liens in favor of any third party with respect to the Collateral (including, but not limited to any trustee under the Bankruptcy Code) and the Sponsor
shall be, and is hereby constituted, as the Servicer’s agent and bailee for purposes of perfection of the Liens of the Servicer in the Collateral such that the Lien in favor of the Sponsor shall be held by the Sponsor for the benefit of the
Servicer and the proceeds of any disposition of the Collateral of any Borrower shall be and are in all respects subject to the priority of right to payment and satisfaction of first, the Loan Indebtedness of such Borrower and then, the Subordinated
Debt with respect to such Borrower. The lien priorities provided in this Section 10.11 shall not be altered or otherwise affected by any amendment, modification, supplement, extension, renewal, restatement or refinancing of
either the applicable Loan Indebtedness or the Subordinated Debt, nor by any action or inaction which either the Servicer or the Borrowers may take or fail to take in respect of the Collateral, except as otherwise provided above in this
Section 10.11. 
 Section 10.12 Exercise of Remedies With Respect to Collateral. 

(a) Until the Loan Indebtedness of any Borrower has been fully and indefeasibly paid in cash, the Sponsor shall not, without the prior written
consent of the Servicer, ask, demand, assign, declare a default under, sue for, liquidate, sell, foreclose, set off, collect, accept a surrender, petition, commence or otherwise initiate any bankruptcy action (or join any other Person in so doing)
against the Borrower or its assets or otherwise realize or seek to realize upon all or any part of the Collateral without the prior written consent of the Servicer or as expressly authorized hereunder. In the event that following the occurrence of a
Loan Default, the Servicer may from time to time execute releases, partial releases, terminations, reconveyances, subordinations or other documents releasing or otherwise limiting the Servicer’s interests in the Collateral in connection with
the exercise of the Servicer’s remedies or the refinancing of the Defaulted Loan, the Sponsor agrees to execute and deliver at such time such further documents as the Servicer may require to effect a corresponding change to the Sponsor’s
position in the same Collateral. 

  
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 (b) In the event that the Loan Indebtedness of any Defaulted Loan is not repaid or
repurchased by the Sponsor as set forth herein, the Servicer, on behalf of the Participants, shall have the exclusive right to exercise and enforce all privileges and rights with respect to the Collateral according to the Servicer’s discretion
and the exercise of its business judgment, including, without limitation, the exclusive right to take or retake control or possession of such Collateral and to hold, prepare for sale, process, sell, lease, dispose of, or liquidate such Collateral.

 (c) Only the Servicer, acting on behalf of the Participants, shall have the right to restrict or permit, or approve or disapprove, the
sale, transfer or other disposition of Collateral following the occurrence of a Loan Default where the Loan Indebtedness is not repaid or repurchased by the Sponsor in accordance with the terms hereof. In the event the Servicer releases its Liens on
all or any part of the Collateral, the Sponsor will, immediately upon the request of the Servicer, release its Liens upon the same Collateral, but only to the extent such Collateral is sold or otherwise disposed of by the Borrower with the consent
of the Servicer or in a commercially reasonable manner by the Servicer or its agents. The Sponsor will immediately deliver such releases, acknowledgments and other documents as the Servicer may require in connection therewith. 

(d) In exercising its rights pursuant to this Section 10.12, the Servicer agrees that it will not release Liens or
Collateral or commence enforcement actions under the Loan Documents without the direction of the Required Participants. The Servicer agrees to administer the Loan Documents and the Collateral and to make such demands and give such notices thereunder
as the Required Participants may request and to take such action to enforce the Loan Documents and to realize upon, collect and dispose of the Collateral as the Required Participants may direct. The Servicer shall not be required to take any action
that is, in its opinion, contrary to law or the terms of the Loan Documents or the Operative Documents or that would, in the opinion of the Servicer, subject it or any of its officers, employees, agents or directors to liability and the Servicer
shall not be required to take any action unless and until it is indemnified to its satisfaction by the Participants for any loss, cost or liability resulting from any required action. 

 

	 	(i)	 The Servicer may at any time request directions from the Required Participants as to any course of action or
other matter relating hereto or relating to any of the Loan Documents. Except as otherwise provided in this Agreement, directions of the Required Participants shall be binding on all Participants hereunder. 

 

	 	(ii)	 Nothing set forth in this Section 10.12 shall modify the rights of the Servicer set
forth in Section 3.1. 

 Section 10.13 Rights Of Sponsor Upon
Payment; Cooperation By Servicer. Upon receipt by the Servicer of payment in full of the Loan Indebtedness of a Defaulted Borrower by Sponsor, Sponsor shall be subrogated to the rights of the Servicer with respect to such Loan Indebtedness
and the Servicer shall be deemed to have assigned to Sponsor, and Sponsor shall, to the extent permitted by applicable law, automatically, immediately and without further action by any Person, be entitled to, all rights and remedies that the
Servicer may have had against the Defaulted Borrower and any other Persons primarily or secondarily liable on such Loan Indebtedness, including without limitation the right to resort to any and all Collateral which secures such Loan Indebtedness,
and the Sponsor shall, automatically, immediately and without further action, be deemed to have assumed all obligations of the Servicer under the Loan Commitment and the Operative Documents with respect to such Loan Indebtedness, and the Servicer
shall be released from any further obligations with respect thereto. The Servicer agrees that, upon receipt of payment in full of such Loan Indebtedness, the Servicer shall: 

  
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 (a) execute on a timely basis, without recourse, representation or warranty of any kind
(except as to its own title), all such instruments and documents as are reasonably requested in order to evidence Sponsor’s rights hereunder or permit Sponsor to exercise such rights; 

(b) permit Sponsor at reasonable times and as often as may be reasonably requested to discuss with appropriate Servicer employees and officers
the Servicer’s experience, relationships, books, accounts and files and to review the Servicer’s loan files relating to the purchased Defaulted Loan (and Sponsor hereby agrees to keep all such information confidential); and 

(c) otherwise reasonably cooperate with Sponsor in the exercise of the Sponsor’s rights. 

Sponsor shall reimburse the Servicer for its expenses reasonably and actually incurred in complying with this Section 10.13. 

ARTICLE XI 

INDEMNIFICATION 

Section 11.1 Indemnification. 

(a) In addition to the other rights of the Servicer and the Participants hereunder, Sponsor hereby agrees to protect, indemnify and save
harmless the Servicer, each Participant, and the officers, directors, shareholders, employees, agents and representatives thereof (each an “Indemnified Party”) from and against any and all liabilities, obligations, losses,
damages, penalties, actions, judgments, suits, costs (including, without limitation, reasonable attorney fees and costs actually incurred), expenses or disbursements of any kind or nature whatsoever, whether direct, indirect, consequential or
incidental, with respect to or in connection with or arising out of (i) the execution and delivery of this Agreement, any other Operative Document or any agreement or instrument contemplated hereby or thereby, including without limitation, the
Loan Documents, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby, (ii) the making or administration of the Loan Commitments, the
Loans or any of them, including any violation of federal or state usury or other laws; provided that with respect to clauses (i) and (ii), Sponsor shall have no obligation to indemnify the Servicer and all Participants with respect to
legal fees and expenses for more than one (1) counsel’s reasonable fees and expenses, (iii) the enforcement, performance and administration of this Agreement or the Loan Documents or any powers granted to the Servicer hereunder or
under any Loan Documents, (iv) any misrepresentation of the Sponsor hereunder, (v) any matter arising pursuant to any Environmental Laws as a result of the Collateral or (vi) any actual or prospective claim, litigation, investigation
or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether or not the Indemnified Party is a named party thereto, except to the extent that such liabilities, obligations, losses, damages, penalties,
actions, judgments, suits, costs, expenses or disbursements are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Indemnified Party or arise
solely from the nonpayment of any Loan Indebtedness notwithstanding the performance by Sponsor of all of its obligations under the Operative Documents relating to such Loan Indebtedness. 

(b) Without limiting the generality of the foregoing, and separate and apart from any obligation of the Sponsor pursuant to Article X,
Sponsor agrees to indemnify and hold harmless each Indemnified Party from and against, and on demand will pay or reimburse any Indemnified Party for, any and all (i) liabilities arising from a breach of any representation or warranty made by
Sponsor hereunder (whether or not Sponsor’s obligations under Article X have been satisfied), (ii) any breach by Sponsor of its agreements with the Borrowers, (iii) any overadvance to any Borrower caused by the transfer of ACH

  
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transfer instructions from the Aaron’s Proprietary System to the Servicer by Sponsor resulting in aggregate advances to such Borrower in excess of the Loan Commitment to such Borrower, and
(iv) any breach by Sponsor of the terms of its MicroACH Service Agreement with the Servicer or any failure by Sponsor to maintain such agreement in full force and effect. 

(c) This indemnity shall survive the termination of this Agreement. 

Section 11.2 Notice Of Proceedings; Right To Defend 

(a) Any Person with an indemnification claim (or potential claim) pursuant to Section 11.1 (“Potential
Indemnitee”) agrees to notify Sponsor (the “Potential Indemnitor”) in writing within a reasonable time after receipt by it of written notice of the commencement of any administrative, legal or other proceeding,
suit or action by a Person (other than Indemnitee or an affiliate thereof), if a claim for indemnification may be made by the Potential Indemnitee against the Potential Indemnitor under this Article XI. 

(b) Following receipt by the Potential Indemnitor of any such notice from a Potential Indemnitee, (an “Indemnity
Notice”), the Potential Indemnitor shall be entitled at its own cost and expense to investigate and participate in the proceeding, suit or action referred to in the Indemnity Notice. At such time as the Potential Indemnitor shall have
acknowledged in writing to the Potential Indemnitee that it will pay any judgment, damages, or losses incurred by the Potential Indemnitee in the proceeding, suit or action referred to in the Indemnity Notice other than those for gross negligence or
willful misconduct on the part of the Potential Indemnitee (at which time the Potential Indemnitor shall be deemed to be the “Indemnitor” and the Potential Indemnitee shall be deemed to be the
“Indemnitee”), the Indemnitor shall be entitled, to the extent that it shall desire, to assume the defense of such proceeding, suit or action, with counsel reasonably satisfactory to the Indemnitee. If the Indemnitor shall so
assume the defense of such proceeding, suit or action, the Indemnitor shall conduct such defense with due diligence and at its own cost and expense. 

(c) In the event that the Indemnitor so assumes the defense of such proceeding, suit or action, the Indemnitor shall not be entitled to settle
such proceeding, suit or action without the written consent of the Indemnitee; provided that in the event that the Indemnitee does not consent to such settlement (such consent not to be unreasonably withheld or delayed) (i) the
Indemnitor’s indemnification liability in connection with such proceeding, suit or action shall not exceed the amount of such proposed settlement and (ii) Indemnitee shall assume and pay all costs and expenses, including reasonable
attorneys’ fees, incurred by Indemnitor from the date that the Indemnitor presented the Indemnitee the terms of the proposed settlement. An Indemnitor shall not be liable to an Indemnitee for any settlement of a claim in any proceeding, suit or
other action referred to in an Indemnity Notice, consented to by the Indemnitee without the consent of the Indemnitor. 
 (d) A Potential
Indemnitor shall be liable to a Potential Indemnitee for a settlement of a claim in any proceeding, suit or other action referred to in an Indemnity Notice consented to by such Potential Indemnitee only if (i) such Potential Indemnitor first
had a reasonable opportunity to investigate such claim and participate in such proceeding, suit or action, (ii) the Potential Indemnitee gave the Potential Indemnitor at least ten (10) Business Days’ notice of the proposed terms of
such settlement prior to entering into such settlement and (iii) the Potential Indemnitor did not acknowledge in writing to the Potential Indemnitee, by the expiration of such ten (10) Business Days period, or such longer period as may be
agreed to by the Potential Indemnitee and Potential Indemnitor that it would pay any judgment, damages or losses incurred by the Potential Indemnitee in such proceeding suit or action. 

  
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 Section 11.3 Third Party Beneficiaries. No Persons
shall be deemed to be third party beneficiaries of this Agreement. Except as expressly otherwise provided in this Agreement, this Agreement is solely for the benefit of the Sponsor and the Servicer, the Participants and their respective successors
and permitted assigns, and no other Person shall have any right, benefit, priority or interest under, or because of the existence of, this Agreement. 

ARTICLE XII 
 SURVIVAL
OF LOAN FACILITY 
 The terms of this Agreement shall survive the termination of the Facility Commitment hereunder and the
termination of any Loan Commitment established pursuant the terms hereof until the indefeasible payment in full of each of the Loans outstanding hereunder and Article XIII shall survive the termination of this Agreement upon such repayment.

 ARTICLE XIII 

CONDITIONS PRECEDENT TO EFFECTIVENESS 

Section 13.1 Conditions to Effectiveness. This Agreement shall not become effective, the Sponsor shall have
no rights under this Agreement and neither the Servicer nor the Participants shall be obligated to take, fulfill or perform any action hereunder, until the following conditions have been fulfilled to the satisfaction of the Servicer: 

(a) Receipt of Documents. The Servicer shall have received the following, each dated as of the Effective Date, in form and substance
satisfactory to the Servicer and (except in the case of the Fee Letter) the Participants: 
 (i) Duly executed counterparts
of this Agreement. 
 (ii) Duly executed Servicing Agreement. 

(iii) Duly executed counterparts of the Guaranty Agreement and the Fee Letter. 

(iv) A duly executed closing certificate of the Sponsor, dated as of the Effective Date and signed by a Responsible Officer
certifying that (A) at the time of and immediately after giving effect to this Agreement and the other Operative Documents, no Unmatured Credit Event or Credit Event shall exist, (B) at the time of and immediately after giving effect to
this Agreement and the other Operative Documents, all representations and warranties of each Credit Party set forth in the Operative Documents shall be true and correct in all material respects (other than those representations and warranties that
are expressly qualified by Material Adverse Effect or other materiality, in which case such representations and warranties shall be true and correct in all respects); provided, that to the extent such representation or warranty relates to a
specific prior date, such representation or warranty shall be true and correct in all material respects (other than those representations and warranties that are expressly qualified by Material Adverse Effect or other materiality, in which case such
representations and warranties shall be true and correct in all respects) only as of such specific prior date, and (C) since the date of the audited financial statements of the Sponsor described in Section 5.4, there
shall have been no change which has had or could reasonably be expected to have a Material Adverse Effect. 
 (v) A duly
executed certificate of the Sponsor identifying the Authorized Signatories, in form and substance satisfactory to the Servicer and each Participant; 

  
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 (vi) Copies of the organizational papers of the Sponsor and each Guarantor,
certified as true and correct by the Secretaries of State of their respective states of incorporation, and certificates from the Secretaries of State of such states of incorporation certifying Sponsor’s and each Guarantor’s good standing
as a corporation in such State. 
 (vii) A certificate of the Secretary or Assistant Secretary of each of the Sponsor and
each Guarantor certifying (i) the names and true signatures of the officers of the Sponsor and each Guarantor authorized to execute the Guaranty Agreement, this Agreement, the Servicing Agreement and the other Operative Documents to be
delivered hereunder to which each is a party, (ii) the bylaws of the Sponsor and each Guarantor, respectively, and (iii) the resolutions of the Board of Directors of each of the Sponsor and each Guarantor, respectively, approving the
Operative Documents to which each is a party and the transactions contemplated hereby. 
 (viii) A favorable written opinion
of King & Spalding LLP, counsel for Sponsor and Guarantors, in a form satisfactory to the Servicer and each Participant and covering such matters relating to the transactions contemplated hereby as the Servicer may reasonably request. 

(ix) the Form 10 (including the information statement and other exhibits contemplated thereby, in each case, in the form and to
the extent so filed) in the form most recently filed (whether or not publicly) with the U.S. Securities and Exchange Commission prior to the Effective Date; 

(x) A copy of the duly executed Credit Agreement and the other Credit Documents in form and substance reasonably acceptable to
the Servicer; 
 (xi) All documentation and other information with respect to the Credit Parties that the Sponsor or any
Participant reasonably believes is required by regulatory authorities under applicable “know-your-customer” and anti-money laundering rules and regulations, including without limitation the Patriot Act; and 

(xii) Each of the Participants shall have received a duly executed Participation Certificate from the Servicer. 

Section 13.2 Conditions to Funding Availability Date. The obligations of the Servicer and the
Participants to take, fulfill or perform any action hereunder, on the Funding Availability Date is subject to the satisfaction of the following conditions: 

(a) The Effective Date shall have occurred. 

(b) The Termination Date shall not have occurred. 

(c) The Restructuring shall have occurred (or substantially concurrently with the Funding Availability Date, will occur). 

(d) The Servicer (or its counsel) shall have received the following: 

(i) each of the Participants shall have received a duly executed Participation Certificate from the Servicer; 

(ii) a certificate of the Secretary or Assistant Secretary of each Credit Party certifying that its articles of incorporation
or other charter documents, as applicable, bylaws or operating agreement, as applicable, and the resolutions of its board of directors (or equivalent governing body) delivered to the Servicer on the Effective Date, have not been amended or
superseded since the Effective Date (or if any of the same have been amended or superseded, attaching such amended or superseded articles of incorporation or other charter documents, bylaws or operating agreement, and/or resolutions of its board of
directors); 

  
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 (iii) a favorable written opinion of King & Spalding LLP, counsel
to the Credit Parties, addressed to the Servicer and each of the Participants and covering such matters relating to the Credit Parties, the Operative Documents and the transactions contemplated therein as the Servicer or the Required Participants
shall reasonably request; 
 (iv) all obligations (other than contingent indemnification obligations for which no demand has
been made) under the Existing Loan Facility Agreement shall have been repaid in full (or substantially concurrently with the Funding Availability Date, will be repaid in full) and the Existing Loan Facility Agreement shall have been terminated; and

 (v) a solvency certificate, dated as of the Funding Availability Date and signed by the chief financial officer of the
Sponsor, confirming that the Sponsor is Solvent, and Holdings, the Sponsor and its Restricted Subsidiaries on a consolidated basis, are Solvent before and after giving effect to any extensions of credit on the Funding Availability Date and the
consummation of the other transactions contemplated herein; and 
 (e) The Servicer shall have received all fees and other
amounts due and payable on or prior to the Funding Availability Date, including reimbursement or payment of all out-of-pocket expenses (including reasonable fees,
charges and disbursements of counsel to the Servicer) required to be reimbursed or paid by the Sponsor hereunder, under any other Operative Document and under any agreement with the Servicer. 

ARTICLE XIV 
 THE
SERVICER 
 Section 14.1 Appointment of Servicer as Agent. To the extent of its ownership
interest in the Loans, each Participant hereby designates Servicer as its agent to administer all matters concerning the Loans and to act as herein specified. Each Participant hereby irrevocably authorizes the Servicer to take such actions on its
behalf under the provisions of this Agreement, the other Operative Documents, and all other instruments and agreements referred to herein or therein, and to exercise such powers and to perform such duties hereunder and thereunder as are specifically
delegated to or required of the Servicer by the terms hereof and thereof and such other powers as are reasonably incidental thereto. The Servicer may perform any of its duties hereunder by or through its agents or employees. 

Section 14.2 Nature of Duties of Servicer. The Servicer shall have no duties or responsibilities
except those expressly set forth in this Agreement and the other Operative Documents. None of the Servicer nor any of its respective officers, directors, employees or agents shall be liable for any action taken or omitted by it as such hereunder or
in connection herewith, unless caused by its or their gross negligence or willful misconduct. The Servicer shall not have by reason of this Agreement a fiduciary relationship in respect of any Participant; and nothing in this Agreement, express or
implied, is intended to or shall be so construed as to impose upon the Servicer any obligations in respect of this Agreement or the other Operative Documents except as expressly set forth herein. 

  
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 Section 14.3 Lack of Reliance on the Servicer. 

(a) Independently and without reliance upon the Servicer, each Participant, to the extent it deems appropriate, has made and shall continue to
make (i) its own independent investigation of the financial condition and affairs of the Credit Parties in connection with the taking or not taking of any action in connection herewith, and (ii) its own appraisal of the creditworthiness of
the Credit Parties, and, except as expressly provided in this Agreement, the Servicer shall have no duty or responsibility, either initially or on a continuing basis, to provide any Participant with any credit or other information with respect
thereto, whether coming into its possession before the making of the Loans or at any time or times thereafter. 
 (b) The Servicer shall not
be responsible to any Participant for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith or for the execution, effectiveness, genuineness,
validity, enforceability, collectability, priority or sufficiency of this Agreement, the Guaranty Agreement, and Loan Document or any other documents contemplated hereby or thereby, or the financial condition of the Credit Parties or any Borrower,
or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of this Agreement, the Guaranty Agreement or the other documents contemplated hereby or thereby, or the financial
condition of the Credit Parties or any Borrower, or the existence or possible existence of any Unmatured Credit Event or Credit Event. 

Section 14.4 Certain Rights of the Servicer. If the Servicer shall request instructions from the
Required Participants with respect to any action or actions (including the failure to act) in connection with this Agreement, the Servicer shall be entitled to refrain from such act or taking such act, unless and until the Servicer shall have
received instructions from the Required Participants; and the Servicer shall not incur liability in any Person by reason of so refraining. Without limiting the foregoing, no Participant shall have any right of action whatsoever against the Servicer
as a result of the Servicer acting or refraining from acting hereunder in accordance with the instructions of the Required Participants. 

Section 14.5 Reliance by Servicer. The Servicer shall be entitled to rely, and shall be fully
protected in relying, upon any note, writing, resolution, notice, statement, certificate, telex, teletype or telecopier message, cable gram, radiogram, order or other documentary, teletransmission or telephone message believed by it to be genuine
and correct and to have been signed, sent or made by the proper Person. The Servicer may consult with legal counsel (including counsel for any Credit Party), independent public accountants and other experts selected by it and shall not be liable for
any action taken or omitted to be taken by it in good faith in accordance with the advice of such counsel, accountants or experts. 

Section 14.6 Indemnification of Servicer. To the extent the Servicer is not reimbursed and indemnified
by the Credit Parties, each Participant will reimburse and indemnify the Servicer, ratably according to the respective Pro Rata Shares, in either case, for and against any and all liabilities, obligations, losses, damages, penalties, actions,
judgments, suits, costs, expenses (including counsel fees and disbursements) or disbursements of any kind or nature whatsoever which may be imposed on, incurred by or asserted against the Servicer in performing its duties hereunder, in any way
relating to or arising out of this Agreement or the other Operative Documents; provided that no Participant shall be liable to the Servicer for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments,
suits, costs, expenses or disbursements resulting from the Servicer’s gross negligence or willful misconduct. 

Section 14.7 The Servicer in its Individual Capacity. With respect to its obligations
under this Agreement and the amounts advanced by it, the Servicer shall have the same rights and powers hereunder as any other Participant and may exercise the same as though it were not performing the duties specified herein; and the terms
“Participants”, “Required Participants”, or any similar terms shall, unless the context clearly otherwise indicates, include the Servicer in its individual capacity. The Servicer may accept deposits from, lend money to, and
generally engage in any kind of banking, trust, financial advisory or other business with the Consolidated Companies or any affiliate of the Consolidated Companies as if it were not performing the duties specified herein, and may accept fees and
other consideration from the Consolidated Companies for services in connection with this Agreement and otherwise without having to account for the same to the Participants. 

  
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 Section 14.8 Holders of Participation Certificates.
The Servicer may deem and treat the payee of any Participation Certificate as the owner thereof for all purposes hereof unless and until a written notice of the assignment or transfer thereof shall have been filed with the Servicer. Any request,
authority or consent of any Person who, at the time of making such request or giving such authority or consent, is the holder of any Participation Certificate shall be conclusive and binding on any subsequent holder, transferee or assignee of such
Participation Certificate or of any Participation Certificate or Participation Certificates issued in exchange therefor. 

Section 14.9 Collateral and Guaranty Matters. The Participants irrevocably authorize the Servicer, at
its option and in its discretion: 
 (a) to release any Lien on any property granted to or held by the Servicer under any
Operative Document (i) upon the termination of all Facility Commitments, and the payment in full of all Guaranteed Obligations (other than contingent indemnification obligations), (ii) that is sold or to be sold as part of or in connection with
any sale permitted hereunder or under any other Operative Document or the designation of any Restricted Subsidiary as an Unrestricted Subsidiary pursuant to Section 6.14, or (iii) if approved, authorized or ratified in
writing in accordance with Section 15.2; and 
 (b) to release any Credit Party from its
obligations under the applicable Credit Party Collateral Documents if such Person ceases to be a Credit Party as a result of a transaction permitted hereunder. 

Upon request by the Servicer at any time, the Required Participants will confirm in writing the Servicer’s authority to release its
interest in particular types or items of property, or to release any Credit Party from its obligations under the applicable Credit Party Collateral Documents pursuant to this Section 14.9. In each case as specified in this
Section 14.9, the Servicer is authorized, at the Sponsor’s expense, to execute and deliver to the applicable Credit Party such documents as such Credit Party may reasonably request to evidence the release of such item
of Credit Party Collateral from the Liens granted under the applicable Credit Party Collateral Documents, or to release such Credit Party from its obligations under the applicable Credit Party Collateral Documents, in each case in accordance with
the terms of the Operative Documents and this Section 14.9. 
 Section 14.10 Right
to Realize on Credit Party Collateral and Enforce Guarantee. Anything contained in any of the Operative Documents to the contrary notwithstanding, Holdings, the Sponsor, the Servicer and each Participant hereby agree that (i) no
Participant shall have any right individually to realize upon any of the Credit Party Collateral or to enforce the Credit Party Collateral Documents, it being understood and agreed that all powers, rights and remedies hereunder and under the Credit
Party Collateral Documents may be exercised solely by the Servicer, and (ii) in the event of a foreclosure by the Servicer on any of the Credit Party Collateral pursuant to a public or private sale or other disposition, the Servicer or any
Participant may be the purchaser or licensor of any or all of such Credit Party Collateral at any such sale or other disposition and the Servicer, as agent for and representative of the Participants (but not any Participant or Participants in its or
their respective individual capacities unless the Required Participants shall otherwise agree in writing), shall be entitled, for the purpose of bidding and making settlement or payment of the purchase price for all or any portion of the Credit
Party Collateral sold at any such public sale, to use and apply any of the Guaranteed Obligations as a credit on account of the purchase price for any collateral payable by the Servicer at such sale or other disposition. 

  
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 ARTICLE XV 

MISCELLANEOUS 

Section 15.1 Notices. 

(a) Written Notices. 

(i) Except in the case of notices and other communications expressly permitted to be given by telephone, all notices and other
communications to any party herein to be effective shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by telecopy, as follows: 

 

			
	 To the Sponsor:
	  	Aaron’s, LLC
		  	400 Galleria Parkway SE, Suite 300
		  	Atlanta, GA 30339
		  	Attn: Chief Financial Officer
		  	Telecopy Number: (855) 778-8565
		
		  	with a copy to:
		
		  	Aaron’s, LLC
		  	400 Galleria Parkway SE, Suite 300
		  	Atlanta, GA 30339
		  	Attn: General Counsel
		  	Telecopy Number: (855) 778-8565
		
	 To the Servicer:
	  	Aaron’s Program Manager
		  	Truist Bank
		  	Program Lending
		  	3333 Peachtree Road, N.E., 3rd Floor
		  	Mail Code 1802
		  	Atlanta, Georgia 30326
		
	 With a copy to:
	  	Truist Bank
		  	Agency Services
		  	303 Peachtree Street, N.E. / 25th Floor
		  	Atlanta, Georgia 30308
		  	Attention: Agency Services
		  	Telecopy Number: (404) 495-2170
		
	 To any other Participant:
	  	the address set forth on the on such Participant’s signature page hereof, or such other address or applicable teletransmission number as such party may hereafter specify by notice to the Servicer and Sponsor

 Any party hereto may change its address or telecopy number for notices and other
communications hereunder by notice to the other parties hereto. All such notices and other communications shall, when transmitted by overnight delivery, or faxed, be effective when delivered for overnight
(next-day) delivery, or transmitted in legible form by facsimile machine, respectively, or if mailed, upon the third Business Day after the date deposited into the mails or if delivered, upon delivery;
provided, that notices delivered to the Servicer shall not be effective until actually received by such Person at its address specified in this Section 15.1. 

  
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 (ii) Any agreement of the Servicer and the Participants herein to receive
certain notices by telephone or facsimile is solely for the convenience and at the request of the Sponsor. The Servicer and the Participants shall be entitled to rely on the authority of any Person purporting to be a Person authorized by the Sponsor
to give such notice and the Servicer and the Participants shall not have any liability to the Sponsor or other Person on account of any action taken or not taken by the Servicer or the Participants in reliance upon such telephonic or facsimile
notice. The obligation of the Sponsor to repurchase the Loans and Loan Commitments and all other obligations and Guarantees hereunder shall not be affected in any way or to any extent by any failure of the Servicer and the Participants to receive
written confirmation of any telephonic or facsimile notice or the receipt by the Servicer and the Participants of a confirmation which is at variance with the terms understood by the Servicer and the Participants to be contained in any such
telephonic or facsimile notice. 
 (b) Electronic Communications. 

(i) Notices and other communications to the Participants hereunder may be delivered or furnished by electronic communication
(including e-mail and Internet or intranet websites) pursuant to procedures approved by Servicer; provided that the foregoing shall not apply to notices to any Participant pursuant to Article II
unless such Participant and Servicer have agreed to receive notices under such Article by electronic communication and have agreed to the procedures governing such communications. Servicer or Sponsor may, in its discretion, agree to accept notices
and other communications to it hereunder by electronic communications pursuant to procedures approved by it; provided that approval of such procedures may be limited to particular notices or communications. 

(ii) Unless Servicer otherwise prescribes, (A) notices and other communications sent to an
e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written acknowledgement); provided that if such notice or other communication is not sent during the normal business hours of the recipient, such notice or communication shall be deemed to
have been sent at the opening of business on the next Business Day for the recipient, and (B) notices or communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as described in the foregoing Section 15.1(b)(ii)(A) of notification that such notice or communication is available and identifying the website address therefor. 

(iii) The Sponsor agrees that the Servicer may, but shall not be obligated to, make Communications (as defined below) available
to the Participants by posting the Communications on Debt Domain, Intralinks, Syndtrak, ClearPar or a substantially similar electronic system (each, an “Electronic System”). 

(iv) Any Electronic System used by the Servicer is provided “as is” and “as available.” The Agent Parties
(as defined below) do not warrant the adequacy of such Electronic Systems and expressly disclaim liability for errors or omissions in the Communications. No warranty of any kind, express, implied or statutory, including, without limitation, any
warranty of merchantability, fitness for a particular purpose, non-infringement of third-party rights or freedom from viruses or other code defects, is made by any Agent Party in connection with the
Communications or any 

  
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Electronic System. In no event shall the Servicer or any of its Related Parties (collectively, the “Agent Parties”) have any liability to any Credit Party, any Participant
or any other Person or entity for damages of any kind, including, without limitation, direct or indirect, special, incidental or consequential damages, losses or expenses (whether in tort, contract or otherwise) arising out of any Credit
Party’s or the Servicer’s transmission of Communications through an Electronic System. “Communications” means, collectively, any notice, demand, communication, information, document or other material provided by or
on behalf of any Credit Party pursuant to any Operative Document or the transactions contemplated therein which is distributed by the Servicer or any Participant by means of electronic communications pursuant to this
Section 15.1, including through an Electronic System. 
 Section 15.2 Amendments,
Etc. Except as otherwise provided in this Agreement, including, without limitation, Section 2.5 with respect to the implementation of a Benchmark Replacement or Benchmark Replacement Conforming Changes (as set forth therein), no
amendment or waiver of any provision of this Agreement or the other Operative Documents, nor consent to any departure by any Credit Party therefrom, shall in any event be effective unless the same shall be in writing and signed by the Required
Participants (and in the case of any amendment, the applicable Credit Party), and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given; provided that no amendment, waiver or
consent shall, unless in writing and signed by all the Participants do any of the following: (i) waive any of the conditions specified in Section 2.1 or 13.1, (ii) increase the Participating Commitment Amounts
or contractual obligations of the Participants to Servicer or Sponsor under this Agreement, (iii) reduce the principal of, or interest on, the Participation Certificates or any fees hereunder, (iv) postpone any date fixed for the payment
in respect of principal of, or interest on, the Participation Certificates or any fees hereunder, (v) agree to release any Guarantor from its obligations under any Guaranty Agreement (other than the release of a Guarantor in connection with its
designation as an Unrestricted Subsidiary pursuant to the terms of Section 6.14) or the Sponsor from its obligations pursuant to this Agreement, (vi) modify the definition of “Required Participants,”
(vii) modify Section 2.9, Section 2.11, Article IV, Article X or this Section 15.2, (viii) release all or substantially all
collateral (if any) securing any of the Guaranteed Obligations or agree to subordinate any Lien in all or substantially all of the collateral securing the Guaranteed Obligations to any other creditor of Holdings, the Sponsor or any Restricted
Subsidiary, without the written consent of each Participant, or (ix) change Section 2.7 in a manner that would alter the ratable reduction or termination of the Facility Commitments required thereby, without the written consent of each
Participant. Notwithstanding the foregoing, no amendment, waiver or consent shall, unless in writing and signed by the Servicer in addition to the Participants required hereinabove to take such action, affect the rights or duties of the Servicer
under this Agreement or under any other Operative Document or Loan Document. In addition, notwithstanding the foregoing, the Servicer and the Sponsor may, without the consent of or notice to the Participants, enter into amendments, modifications or
waivers with respect to the Servicing Agreement and the Fee Letter as long as such amendments or modifications do not conflict with the terms of this Agreement. Notwithstanding anything to the contrary herein, no Defaulting Participant shall have
any right to approve or disapprove any amendment, waiver or consent hereunder, except that the Participating Commitment of such Defaulting Participant may not be increased or extended, and amounts payable to such Defaulting Participant hereunder may
not be permanently reduced without the consent of such Defaulting Participant (other than reductions in fees and interest in which such reduction does not disproportionately affect such Defaulting Participant). 

Section 15.3 No Waiver; Remedies Cumulative. No failure or delay on the part of the Servicer or any
Participant in exercising any right or remedy hereunder or under any other Operative Document, and no course of dealing between any Credit Party and the Servicer or any Participant shall operate as a waiver thereof, nor shall any single or partial
exercise of any right or remedy hereunder or under any other Operative Document preclude any other or further exercise thereof or the exercise of any other right or remedy hereunder or thereunder. The rights and remedies herein expressly provided
are cumulative and not 

  
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exclusive of any rights or remedies which the Servicer or any Participant would otherwise have. No notice to or demand on any Credit Party not required hereunder or under any other Operative
Document in any case shall entitle any Credit Party to any other or further notice or demand in similar or other circumstances or constitute a waiver of the rights of the Servicer or the Participants to any other or further action in any
circumstances without notice or demand. 
 Section 15.4 Payment of Expenses, Etc. Sponsor shall:

 (a) whether or not the transactions hereby contemplated are consummated, pay all reasonable, out-of-pocket costs and expenses of the Servicer in the administration (both before and after the execution hereof and including reasonable expenses actually incurred relating to advice of counsel as to the
rights and duties of the Servicer and the Participants with respect thereto) of, and in connection with the preparation, execution and delivery of, preservation of rights under, enforcement of, and, after a Unmatured Credit Event or Credit Event,
refinancing, renegotiation or restructuring of, this Agreement and the other Operative Documents and the documents and instruments referred to therein, and any amendment, waiver or consent relating thereto (including, without limitation, the
reasonable fees actually incurred and disbursements of counsel for the Servicer), and in the case of enforcement of this Agreement or any Operative Document after a Credit Event, all such reasonable, out-of-pocket costs and expenses (including, without limitation, the reasonable fees actually incurred and reasonable disbursements and changes of counsel), for any of the Participants; and 

(b) From and after the occurrence of the Trigger Event, pay and hold the Servicer and each of the Participants harmless from and against any
and all present and future stamp, documentary, and other similar Taxes with respect to this Agreement, the Participation Certificates, the Loan Documents and any other Operative Documents, any collateral described therein, or any payments due
thereunder, and save the Servicer and each Participant harmless from and against any and all liabilities with respect to or resulting from any delay or omission to pay such Taxes. 

Section 15.5 Right of Setoff. In addition to and not in limitation of all rights of offset that any
Participant may have under applicable law, each Participant shall, upon the occurrence of any Credit Event and whether or not such Participant has made any demand or any Credit Party’s obligations have matured, have the right to appropriate and
apply to the payment of any Credit Party’s obligations hereunder and under the other Operative Documents, all deposits of any Credit Party (general or special, time or demand, provisional or final) then or thereafter held by and other
indebtedness or property then or thereafter owing by such Participant or other holder to any Credit Party, whether or not related to this Agreement or any transaction hereunder. 

Section 15.6 Benefit of Agreement; Assignments; Participations. 

(a) This Agreement shall be binding upon and inure to the benefit of and be enforceable by the respective successors and assigns of the parties
hereto; provided that Sponsor may not assign or transfer any of its interest hereunder without the prior written consent of the Participants. 

(b) Any Participant may make, carry or transfer Loans at, to or for the account of, any of its branch offices or the office of an Affiliate of
such Participant. 
 (c) Each Participant may assign all of its interests, rights and obligations under this Agreement (including all of its
Participating Commitments and the Funded Participation at the time owing to it and the Participation Certificates held by it) to any Eligible Assignee; provided, however, that (i) the Sponsor and the Servicer shall each have given
its prior written consent to such assignment (which consent shall not be unreasonably withheld or delayed) unless such assignment is to an Affiliate of the assigning 

  
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Participant or, in the case of the Sponsor, unless a Credit Event has occurred and is continuing hereunder, (ii) unless the Participant is assigning its entire Participating Commitment, the
Participating Commitment Amount of the assigning Participant subject to each assignment (determined as of the date the assignment and acceptance with respect to such assignment is delivered to the Servicer) shall not be less than the lesser of (x)
50% of the amount of its original Participating Commitment or (y) $1,000,000, and (iii) the parties to each such assignment shall execute and deliver to the Servicer an Assignment and Acceptance, together with the Participation Certificate
subject to such assignment and, unless such assignment is to an Affiliate of such Participant, a processing and recordation fee of $1,000. Within ten (10) Business Days after receipt of the notice and the Assignment and Acceptance, Servicer
shall execute and deliver, in exchange for the surrendered Participation Certificate, a new Participation Certificate to the order of the assignor and such assignee in a principal amount equal to the applicable Participating Commitment Amount
retained and assumed by it, respectively, pursuant to such Assignment and Acceptance. Such new Participation Certificate shall be in an aggregate principal amount equal to the aggregate principal amount of such surrendered Participation Certificate,
shall be dated the date of the surrendered Participation Certificate which it replaces, and shall otherwise be in substantially the form attached hereto. 

(d) Each Participant may, without the consent of the Sponsor or the Servicer, sell participations to one or more banks or other entities in all
or a portion of its rights and obligations under this Agreement (including all or a portion of its Participating Commitment and the Funded Participation owing to it); provided, however, that (i) no Participant may sell a
participation in its Participating Commitment (after giving effect to any permitted assignment hereof) unless it retains an aggregate exposure of 25% of its original Participating Commitment Amount; provided, however, sales of
participations to an Affiliate of such Participant shall not be included in such calculation; provided, however, no such maximum amount shall be applicable to any such participation sold at any time there exists an Credit Event
hereunder, (ii) such Participant’s obligations under this Agreement shall remain unchanged, (iii) such Participant shall remain solely responsible to the other parties hereto for the performance of such obligations, and (iv) the
participating bank or other entity shall not be entitled to the benefit (except through its selling Participant) of the cost protection provisions contained in Article II of this Agreement, and (v) Sponsor, Servicer and the other
Participants shall continue to deal solely and directly with each Participant in connection with such Participant’s rights and obligations under this Agreement and the other Operative Documents, and such Participant shall retain the sole right
to enforce the obligations of the Sponsor relating to the Loans and to approve any amendment, modification or waiver of any provisions of this Agreement (other than an amendment requiring approval of 100% of the Participants). Each Participant shall
promptly notify in writing the Servicer and the Sponsor of any sale of a participation hereunder and shall certify to Sponsor and Servicer its compliance with the terms hereof. 

(e) Any Participant or participant may, in connection with the assignment or participation or proposed assignment or participation, pursuant to
this Section 15.6, disclose to the assignee or participant or proposed assignee or participant any information relating to Sponsor or the other Consolidated Companies furnished to such Participant by or on behalf of the
Sponsor or any other Consolidated Company. With respect to any disclosure of confidential, non-public, proprietary information, such proposed assignee or participant shall agree to use the information only for
the purpose of making any necessary credit judgments with respect to this credit facility and not to use the information in any manner prohibited by any law, including without limitation, the securities laws of the United States. The proposed
participant or assignee shall agree not to disclose any of such information except (i) to directors, employees, auditors or counsel to whom it is necessary to show such information, each of whom shall be informed of and shall acknowledge the
confidential nature of the information, (ii) in any statement or testimony pursuant to a subpoena or order by any court, governmental body or other agency asserting jurisdiction over such entity, or as otherwise required by law (provided prior
notice is given to Sponsor and the Servicer unless otherwise prohibited by the subpoena, order or law), and (iii) upon the request or demand of any regulatory agency or authority with proper jurisdiction. The proposed participant or assignee
shall further agree to return all documents or other written material and copies thereof received from any Participant, the Servicer or Sponsor relating to such confidential information unless otherwise properly disposed of by such entity. 

  
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 (f) Any Participant may at any time assign all or any portion of its rights in this
Agreement to a Federal Reserve Bank; provided that no such assignment shall release the Participant from any of its obligations hereunder. 

Section 15.7 Governing Law; Submission to Jurisdiction. 

(a) THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH AND BE GOVERNED BY THE LAW
(WITHOUT GIVING EFFECT TO THE CONFLICT OF LAW PRINCIPLES THEREOF) OF THE STATE OF NEW YORK. 
 (b) ANY LEGAL ACTION OR PROCEEDING WITH
RESPECT TO THIS AGREEMENT OR ANY OTHER OPERATIVE DOCUMENT MAY BE BROUGHT IN THE SUPREMEN COURT OF THE STATE OF NEW YORK SITING IN NEW YORK COUNTY, BOROUGH OF MANHATTAN, OR ANY OTHER COURT OF THE STATE OF NEW YORK OR OF THE UNITED STATES OF AMERICA
FOR THE SOUTHERN DISTRICT OF NEW YORK, AND, BY EXECUTION AND DELIVERY OF THIS AGREEMENT, SPONSOR HEREBY ACCEPTS FOR ITSELF AND IN RESPECT OF ITS PROPERTY, GENERALLY AND UNCONDITIONALLY, THE JURISDICTION OF THE AFORESAID COURTS. THE PARTIES HERETO
HEREBY IRREVOCABLY WAIVE TRIAL BY JURY, AND SPONSOR HEREBY IRREVOCABLY WAIVES ANY OBJECTION, INCLUDING, WITHOUT LIMITATION, ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON CONVENIENS, WHICH IT MAY NOW OR HEREAFTER HAVE TO
THE BRINGING OF ANY SUCH ACTION OR PROCEEDING IN SUCH RESPECTIVE JURISDICTIONS. 
 (c) Nothing herein shall affect the right of the Servicer,
any Participant, or any Credit Party to commence legal proceedings or otherwise proceed against Sponsor in any other jurisdiction. 

Section 15.8 Counterparts. This Agreement may be executed in any number of counterparts and by the
different parties hereto on separate counterparts, each of which when so executed and delivered shall be an original, but all of which shall together constitute one and the same instrument. 

Section 15.9 Severability. In case any provision in or obligation under this Agreement or the other
Operative Documents shall be invalid, illegal or unenforceable, in whole or in part, in any jurisdiction, the validity, legality and enforceability of the remaining provisions or obligations, or of such provision or obligation in any other
jurisdiction, shall not in any way be affected or impaired thereby. 
 Section 15.10 Independence of
Covenants. All covenants hereunder shall be given independent effect so that if a particular action or condition is not permitted by any of such covenants, the fact that it would be permitted by an exception to, or be otherwise within the
limitation of, another covenant, shall not avoid the occurrence of a Unmatured Credit Event or an Credit Event if such action is taken or condition exists. 

Section 15.11 No Joint Venture. Nothing in this Agreement, the Servicing Agreement or any of the Loan
Documents shall be construed as constituting Sponsor and the Servicer or any Participant as partners or joint venturers or as creating the relationship of employer and employee, master and servant, principle and agent, or franchisor or franchisee
between Sponsor and the Servicer or any Participant. Neither 

  
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Sponsor nor Servicer or any Participant shall have any right or authority to bind the other party or to assume or create any obligation or responsibility, express or implied, on behalf of the
other party or in the other party’s name. All rights, duties and obligations under this Agreement and the Operative Documents are exclusively for the benefit of the Sponsor and the Servicer and Participants, as the case may be, and shall not be
deemed to affect any agreement between either of such parties and any third party (including, without limitation, any Borrower). 

Section 15.12 Repurchase Right. Sponsor may at any time (upon thirty (30) days’ prior
written notice to Servicer) purchase from Servicer all Loans and Loan Commitments and all rights, titles and interests of the Servicer and the Participants in and to the Loan Documents and the Collateral relating thereto for a purchase price
(payable in immediately available funds) equal to the aggregate Loan Indebtedness, plus all amounts otherwise owing by the Sponsor pursuant to the Operative Documents, and the Servicer shall assign, without recourse, representation or warranty
(except as to its own title), its right, title and interest therein to Sponsor upon the Servicer’s receipt of such purchase price. Thereafter, Servicers shall have no responsibility with respect to any Loans or Loan Commitments. 

Section 15.13 Confidentiality. Each Participant agrees that it will maintain in confidence and will
not disclose, publish or disseminate, to any Person, any confidential information which it has or shall acquire during the term of this Agreement relating to the business, operations and condition, financial or otherwise of Holdings, the Sponsor or
any Borrower, except that such information may be disclosed by such Participant if and to the extent that: 
 (a) such information is in
the public domain at the time of disclosure; 
 (b) such information is required to be disclosed by subpoena or similar process of applicable
law or regulations; 
 (c) such information is required to be disclosed to any regulatory or administrative body or commission to whose
jurisdiction such Participant or any of its Affiliates may be subject; 
 (d) such information is disclosed to counsel, auditors or other
professional advisors to such Participant or to affiliates of such Participant provided that such affiliates agree to keep such information confidential as set forth herein; 

(e) such information is disclosed with the prior written consent of Holdings, the Sponsor or the relevant Borrower, as the case may be, which
consent shall not be unreasonably withheld or delayed; 
 (f) such information is disclosed in connection with any litigation or dispute
between such Participant and Holdings, the Sponsor or any Borrower concerning the Operative Documents or the Loan Documents of such Borrower; 

(g) such information is disclosed in connection with a prospective assignment, grant of a participation interest in or other transfer by such
Participant of any of its interest in the Operative Documents; provided that the Person to whom such information shall be disclosed shall have agreed to keep such information confidential as set forth herein; 

(h) such information was in the possession of such Person or such Person’s affiliates without obligation of confidentiality prior to such
Participant furnishing it to such Person; or 

  
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 (i) such information is received by such Participant, without restriction as to its
disclosure or use, from a Person, who, to such Participant’s knowledge or reasonable belief, was not prohibited from disclosing it by any duty of confidentiality. 

(j) Each Participant agrees to use its best efforts to give the Sponsor prompt notice of any subpoena or similar process referred to in clause
(b) above; provided that such Participant shall have no liability in event such notice is not given. 

Section 15.14 Headings Descriptive; Entire Agreement. The headings of the several sections and
subsections of this Agreement are inserted for convenience only and shall not in any way affect the meaning or construction of any provision of this Agreement. This Agreement, the other Operative Documents, and the agreements and documents required
to be delivered pursuant to the terms of this Agreement constitute the entire agreement among the parties hereto and thereto regarding the subject matters hereof and thereof and supersede all prior agreements, representations and understandings
related to such subject matters. 
 Section 15.15 Patriot Act. The Servicer and each Participant
hereby notifies the Sponsor and each of its Subsidiaries that pursuant to the requirements of the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Patriot
Act”), it is required to obtain, verify and record information that identifies each of the Sponsor and its Subsidiaries, which information includes the name and address of the Sponsor or such Subsidiary and other information that will
allow such Participant or the Servicer, as applicable, to identify the Sponsor or such Subsidiary in accordance with the Patriot Act. 

Section 15.16 Acknowledgment and Consent to Bail-In of Affected
Financial Institutions. Notwithstanding anything to the contrary in any Operative Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any Affected
Financial Institution arising under any Operative Document, to the extent such liability is unsecured, may be subject to the Write-Down and Conversion Powers of the applicable Resolution Authority and agrees and consents to, and acknowledges and
agrees to be bound by (a) the application of any Write-Down and Conversion Powers by the applicable Resolution Authority to any such liabilities arising hereunder which may be payable to it by any party hereto that is an Affected Financial
Institution; and (b) the effects of any Bail-In Action on any such liability, including, if applicable: (i) a reduction in full or in part or cancellation of any such liability; (ii) a
conversion of all, or a portion of, such liability into shares or other instruments of ownership in such Affected Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that
such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or any other Operative Document; or (iii) the variation of the terms of such liability in
connection with the exercise of the Write-Down and Conversion Powers of the applicable Resolution Authority. 

Section 15.17 Certain ERISA Matters. 

(a) Each Participant (x) represents and warrants, as of the date such Person became a Participant party hereto, to, and
(y) covenants, from the date such Person became a Participant party hereto to the date such Person ceases being a Participant party hereto, for the benefit of, the Servicer, the Arranger, and their respective Affiliates, and not, for the
avoidance of doubt, to or for the benefit of the Sponsor or any other Credit Party, that at least one of the following is and will be true: 

(i) such Participant is not using “plan assets” (within the meaning of 29 CFR §
2510.3-101, as modified by Section 3(42) of ERISA) of one or more Benefit Plans in connection with the Loans or the Loan Commitments; 

  
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 (ii) the transaction exemption set forth in one or more PTEs, such as PTE 84-14 (a class exemption for certain transactions determined by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions
involving insurance company general accounts), PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91-38 (a
class exemption for certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions determined by in-house
asset managers), is applicable with respect to such Participant’s entrance into, participation in, administration of and performance of the Loans, the Loan Commitments and this Agreement; 

(iii) (A) such Participant is an investment fund managed by a “Qualified Professional Asset Manager” (within the
meaning of Part VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Participant to enter into, participate in, administer and perform the Loans, the
Loan Commitments and this Agreement, (C) the entrance into, participation in, administration of and performance of the Loans, the Loan Commitments and this Agreement satisfies the requirements of
sub-sections (b) through (g) of Part I of PTE 84-14 and (D) to the best knowledge of such Participant, the requirements of subsection (a) of Part I of PTE
84-14 are satisfied with respect to such Participant’s entrance into, participation in, administration of and performance of the Loans, the Loan Commitments and this Agreement; or 

(iv) such other representation, warranty and covenant as may be agreed in writing between the Servicer, in its sole discretion,
and such Participant. 
 (b) In addition, unless sub-clause (i) in the immediately
preceding clause (a) is true with respect to a Participant or such Participant has not provided another representation, warranty and covenant as provided in sub-clause (iv) in the
immediately preceding clause (a), such Participant further (x) represents and warrants, as of the date such Person became a Participant party hereto, to, and (y) covenants, from the date such Person became a Participant party hereto
to the date such Person ceases being a Participant party hereto, for the benefit of, the Servicer, the Arranger, and their respective Affiliates, and not, for the avoidance of doubt, to or for the benefit of the Sponsor or any other Credit Party,
that: 
 (i) none of the Servicer, the Arranger, or any of their respective Affiliates is a fiduciary with respect to the
assets of such Participant (including in connection with the reservation or exercise of any rights by the Servicer under this Agreement, any Loan Document or any documents related to hereto or thereto); 

(ii) the Person making the investment decision on behalf of such Participant with respect to the entrance into, participation
in, administration of and performance of the Loans, the Loan Commitments and this Agreement is independent (within the meaning of 29 CFR § 2510.3-21) and is a bank, an insurance carrier, an investment
adviser, a broker-dealer or other person that holds, or has under management or control, total assets of at least $50,000,000, in each case as described in 29 CFR § 2510.3-21(c)(1)(i)(A)-(E); 

(iii) the Person making the investment decision on behalf of such Participant with respect to the entrance into, participation
in, administration of and performance of the Loans, the Loan Commitments and this Agreement is capable of evaluating investment risks independently, both in general and with regard to particular transactions and investment strategies (including in
respect of the Guaranteed Obligations); 

  
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 (iv) the Person making the investment decision on behalf of such Participant
with respect to the entrance into, participation in, administration of and performance of the Loans, the Loan Commitments and this Agreement is a fiduciary under ERISA or the Code, or both, with respect to the Loans, the Loan Commitments and this
Agreement and is responsible for exercising independent judgment in evaluating the transactions hereunder; and 
 (v) no fee
or other compensation is being paid directly to the Servicer, the Arranger or any their respective Affiliates for investment advice (as opposed to other services) in connection with the Loans, the Loan Commitments or this Agreement. 

The representations set forth in this Section 15.17(b)(ii)-(v) are intended to comply with the Department of Labor’s
regulation Sections 29 C.F.R. 2510.3-21(a) and (c)(1) as promulgated on April 8, 2016 (81 Fed. Reg. 20,997), and if such regulations are no longer in effect, these representations shall be deemed to be no
longer in effect. 
 (c) The Servicer and the Arranger hereby inform the Participants that each such Person is not undertaking to provide
impartial investment advice, or to give advice in a fiduciary capacity, in connection with the transactions contemplated hereby, and that such Person has a financial interest in the transactions contemplated hereby in that such Person or an
Affiliate thereof (i) may receive interest or other payments with respect to the Loans, the Loan Commitments and this Agreement, (ii) may recognize a gain if it extended the Loans or the Loan Commitments for an amount less than the amount
being paid for an interest in the Loans or the Loan Commitments by such Participant or (iii) may receive fees or other payments in connection with the transactions contemplated hereby, the Loan Documents or otherwise, including structuring
fees, commitment fees, arrangement fees, facility fees, upfront fees, underwriting fees, ticking fees, utilization fees, minimum usage fees, deal-away or alternate transaction fees, amendment fees, processing fees, term out premiums, breakage or
other early termination fees or fees similar to the foregoing. 
 Section 15.18 Acknowledgement Regarding
any Supported QFCs. To the extent that the Operative Documents provide support, through a guarantee or otherwise, for any Hedging Transaction or any other agreement or instrument that is a QFC (such support, “QFC Credit
Support” and each such QFC, a “Supported QFC”), the parties acknowledge and agree as follows with respect to the resolution power of the Federal Deposit Insurance Corporation under the Federal Deposit Insurance
Act and Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (together with the regulations promulgated thereunder, the “U.S. Special Resolution Regimes”) in respect of such Supported QFC and QFC Credit
Support (with the provisions below applicable notwithstanding that the Operative Documents and any Supported QFC may in fact be stated to be governed by the laws of the State of Georgia and/or of the United States or any other state of the United
States): 
 (a) In the event a Covered Entity that is party to a Supported QFC (each, a “Covered Party”) becomes
subject to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support (and any interest and obligation in or under such Supported QFC and such QFC Credit Support, and any rights
in property securing such Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if the Supported QFC and such QFC Credit
Support (and any such interest, obligation and rights in property) were governed by the laws of the United States or a state of the United States. In the event a Covered Party or a BHC Act Affiliate of a Covered Party becomes subject to a proceeding
under a U.S. Special Resolution Regime, Default Rights under the Operative Documents that might otherwise apply to such Supported QFC or any QFC Credit Support that may be exercised against such Covered Party are permitted to be exercised to no
greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if the Supported QFC and the Operative Documents were governed by the laws of the United States or a state of the United States. Without limitation
of the foregoing, it is understood and agreed that rights and remedies of the parties with respect to a Defaulting Participant shall in no event affect the rights of any Covered Party with respect to a Supported QFC or any QFC Credit Support.

  
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 (b) As used in this Section 15.18, the following terms have the
following meanings: 
 “BHC Act Affiliate” of a party means an “affiliate” (as such term is
defined under, and interpreted in accordance with, 12 U.S.C. 1841(k)) of such party. 
 “Covered
Entity” shall mean any of the following: 
 (i) a “covered entity” as that term is defined in, and
interpreted in accordance with, 12 C.F.R. §252.82(b); 
 (ii) a “covered bank” as that term is defined in,
and interpreted in accordance with, 12 C.F.R. §47.3(b); or 
 (iii) a “covered FSI” as that term is defined
in, and interpreted in accordance with, 12 C.F.R. §382.2(b). 
 “Default Right” has the meaning
assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§252.81, 47.2 or 382.1, as applicable. 

“QFC” has the meaning assigned to the term “qualified financial contract” in, and shall be
interpreted in accordance with, 12 U.S.C. 5390(c)(8)(D). 
 [Signatures Set Forth on Next Page] 

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

							
	Address for Notices:	 		 	AARON’S, LLC
			
	Aaron’s, LLC	 		 	
	400 Galleria Parkway SE, Suite 300	 		 	By:	 	 /s/ C. Kelly Wall

	Atlanta, GA 30339	 		 	Name: C. Kelly Wall
	Attn: Chief Financial Officer	 		 	Chief Financial Officer
	Telecopy Number: (855) 778-8565	 		 	
			
	Address for Notices:	 		 	THE AARON’S COMPANY, INC.
			
	The Aaron’s Company, Inc.	 		 	
	400 Galleria Parkway SE, Suite 300	 		 	By:	 	 /s/ C. Kelly Wall

	Atlanta, GA 30339	 		 	Name: C. Kelly Wall
	Attn: Chief Financial Officer	 		 	Chief Financial Officer
	Telecopy Number: (855) 778-8565	 		 	

  

  

			
	LOAN FACILITY AGREEMENT AND GUARANTY	  	AARON’S LLC

							
	Address for Notices:	 		 	TRUIST BANK, as individually and as Servicer
			
	303 Peachtree Street NE, 3rd Floor	 		 	
	Atlanta, Georgia 30308	 		 	By:	 	 /s/ Tesha Winslow

	Attention: Aaron’s Program Manager	 		 	Name: Tesha Winslow
	Telecopy No. (404) 724-3716	 		 	Title: Director
			
	with a copy to:	 		 	
			
	303 Peachtree Street NE, 3rd Floor	 		 	
	Atlanta, Georgia 30308	 		 	
	Attention: Don Besch	 		 	

  

  

			
		  	AARON’S LLC
		  	LOAN FACILITY AGREEMENT AND GUARANTY

							
	Address for Notices:	 		 	BANK OF AMERICA, N.A.
				
		 		 	By:	 	 /s/ Ryan Maples

		 		 		 	Name: Ryan Maples
		 		 		 	Title:   Sr. Vice President

  

			
		  	AARON’S LLC
		  	LOAN FACILITY AGREEMENT AND GUARANTY

							
	Address for Notices:	 		 	JPMORGAN CHASE BANK, N.A.
				
		 		 	By:	 	 /s/ Alexander Vardaman

		 		 		 	Name: Alexander Vardaman
		 		 		 	Title:   Authorized Officer

  

			
		  	AARON’S LLC
		  	LOAN FACILITY AGREEMENT AND GUARANTY

 Schedule 1.1(a) 

PRICING GRID 
  

											
	Level	  	Total Net Debt to EBITDA Ratio	  	 Applicable

Margin
	 	  	Applicable
Percentage	 
	I	  	< 0.75:1.00	  	 	1.50	% 	  	 	0.20	% 
	II	  	3 0.75:1.00 but < 1.25:1.00	  	 	1.75	% 	  	 	0.25	% 
	III	  	3 1.25:1.00 but < 1.75:1.00	  	 	2.00	% 	  	 	0.30	% 
	IV	  	3 1.75:1.00 but < 2.25:1.00	  	 	2.25	% 	  	 	0.35	% 
	V	  	3 2.25:1.00	  	 	2.50	% 	  	 	0.35	% 

 EXHIBIT A 

TO 
 LOAN FACILITY
AGREEMENT 
 AND GUARANTY 

FORM OF 
 ASSIGNMENT AND
ACCEPTANCE 
 [date to be supplied] 

Reference is made to the Loan Facility Agreement and Guaranty dated as of November 17, 2020 (as amended and in effect on the date hereof,
the “Loan Facility Agreement”), among Aaron’s, LLC, a Georgia limited liability company (“Sponsor”), Holdings, the Participants from time to time party thereto and Truist Bank, (“Servicer”). Terms defined in the
Loan Facility Agreement are used herein with the same meanings. 
 The Assignor hereby sells and assigns, without recourse, to the Assignee
designated below, and the Assignee hereby purchases and assumes, without recourse, from the Assignor, effective as of the Assignment Date set forth below, the interests set forth below (the “Assigned Interest”) in the Assignor’s
rights and obligations under the Loan Facility Agreement, including, without limitation, the interests set forth below in the Funded Participation of the Assignor on the Assignment Date, and the Participating Commitment of the Assignor on the
Assignment Date. The Assignee hereby acknowledges receipt of a copy of the Loan Facility Agreement. From and after the Assignment Date (i) the Assignee shall be a party to and be bound by the provisions of the Loan Facility Agreement and, to
the extent of the Assigned Interest, have the rights and obligations of a Participant thereunder and (ii) the Assignor shall, to the extent of the Assigned Interest, relinquish its rights and be released from its obligations under the Loan
Facility Agreement. 
 This Assignment and Acceptance is being delivered to the Servicer together with, the Participation Certificate
subject to this Assignment and Acceptance and, unless this assignment is to an Affiliate of the Assignor, the Assignee shall pay the fee payable to the Servicer pursuant to Section 15.6(c) of the Loan Facility Agreement. 

The Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of the Assigned Interest, (ii) the
Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Acceptance and to consummate the
transactions contemplated hereby, and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Loan Facility Agreement or any other Operative Document, (ii) the
execution, legality, validity, enforceability, genuineness, sufficiency or value of the Operative Documents or any collateral thereunder, (iii) the financial condition of the Sponsor, any of its Subsidiaries or Affiliates or any other Person
obligated in respect of any Operative Document or (iv) the performance or observance by the Sponsor, any of its Subsidiaries or Affiliates or any other Person of any of their respective obligations under any Operative Document. 

The Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute
and deliver this Assignment and Acceptance and to consummate the transactions contemplated hereby and to become a Participant under the Loan Facility Agreement, (ii) it meets all requirements of an Eligible Assignee under the Loan Facility
Agreement (subject to receipt of such consents as may be required under the Loan Facility Agreement), (iii) from and after the Effective Date, it shall be bound by the provisions of the Loan Facility Agreement as a Participant thereunder and,

 
to the extent of the Assigned Interest, shall have the obligations of a Participant thereunder, and (iv) it has received a copy of the Loan Facility Agreement, together with copies of the
most recent financial statements delivered pursuant to Section 6.1 thereof, as applicable, and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and
Acceptance and to purchase the Assigned Interest on the basis of which it has made such analysis and decision independently and without reliance on the Servicer or any other Participant, and (b) agrees that (i) it will, independently and
without reliance on the Servicer, the Assignor or any other Participant, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the
Operative Documents, and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Operative Documents are required to be performed by it as a Participant. 

Choose in the alternative [Alternative A: From and after the Effective Date, the Servicer shall make all payments in respect of the Assigned
Interest (including payments of principal, interest, fees and other amounts) to the Assignor for amounts which have accrued to but excluding the Effective Date and to the Assignee for amounts which have accrued from and after the Effective Date.]
[Alternative B: From and after the Effective Date, the Servicer shall make all payments in respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignee whether such amounts have accrued prior
to, on or after the Effective Date. The Assignor and the Assignee shall make all appropriate adjustments in payments by the Servicer for periods prior to the Effective Date or with respect to the making of this assignment directly between
themselves.] 
 This Assignment and Acceptance shall be binding upon, and inure to the benefit of, the parties hereto and their respective
successors and assigns. This Assignment and Acceptance may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an executed counterpart of a signature page of this Assignment and Acceptance by
telecopy shall be effective as delivery of a manually executed counterpart of this Assignment and Acceptance. This Assignment and Acceptance shall be governed by and construed in accordance with the laws of the State of Georgia. 

Date of Assignment: 
 Legal Name of Assignor: 

Legal Name of Assignee: 
 Assignee’s Address for Notices:

 Effective Date of Assignment: 
 (“Assignment
Date”): 
 IN WITNESS WHEREOF, the parties hereto have caused this Assignment Agreement to be duly executed as of the day and year date
first above written. 
  

									
	[NAME OF ASSIGNOR]	 		  	[NAME OF ASSIGNEE]
					
	By:	 	          
	 		  	By:	 	          

		 	Name:	 	                	  		 	Name:
		 	Title:	 		  		 	Title:

  
 3 

	
	Assignee’s Share of
	Participating Commitment:
	$                                     
               
	
	Assignee’s Share of
	Funded Participation:
	$                                      
              
	
	Address:
	
	Tel. No:
	
	Fax No:

 The undersigned hereby consents to the within assignment: 

 

									
	Aaron’s, LLC, as Sponsor	 		  	Truist Bank, as Servicer
					
	By:	 	          
	 		  	By:	 	          

		 	Name:	 	                	  		 	Name:
		 	Title:	 		  		 	Title:

  
 4 

 EXHIBIT B 

TO 
 LOAN
FACILITY AGREEMENT 
 AND GUARANTY 

FORM OF CANADIAN LOAN AGREEMENT 

THIS LOAN AGREEMENT (this “Agreement”) dated as of _______________, is made between _________________
(“Borrower”), a ______________________________ [incorporated]/[formed]under the laws of     , and TRUIST BANK (“Bank”), a North Carolina banking corporation having its principal office in
Charlotte, North Carolina. 
 W I T N E S S E T H: 

WHEREAS, Borrower engages in the business of leasing and selling furniture, electronics, appliances, and other household goods and is a
franchisee of Aaron’s, LLC, a Georgia limited liability company formerly known as Aaron’s, Inc. (“Aaron’s”); 

WHEREAS, Borrower has requested and Bank has agreed to provide financing to Borrower; 

WHEREAS, Borrower and Bank wish to enter into this Agreement to set forth the terms and conditions of Bank’s establishment of a credit
facility for Borrower; 
 THEREFORE, upon the terms and conditions hereinafter stated, and in consideration of the mutual premises set forth
above and other adequate consideration, the receipt and sufficiency of which is hereby acknowledged, the parties, intending to be legally bound, hereby agree as follows: 

1. DEFINITIONS AND RULES OF CONSTRUCTION. 

1.1 As used in this Agreement, the following terms shall have the meanings set forth below (terms defined in the singular to have the same
meaning when used in the plural and vice versa): 
 “Aaron’s Proprietary System” means Aaron’s proprietary point
of sale software system, as modified from time to time, used by Aaron’s and its franchisees, such as Borrower. 

“Account” means any right of Borrower to payment for goods sold or leased or for services rendered which is not evidenced by
an Instrument or Chattel Paper, whether or not earned by performance. 
 “Account Debtor” means any Person who is liable on
an Account. 
 “Advance” means an advance of funds by Bank on behalf of Borrower pursuant to the Line of Credit Note
executed by Borrower. 
 “Agreement” means this Loan Agreement and all exhibits, riders and schedules at any time executed
by the parties and made a part hereof by reference, either as originally executed or as hereafter amended, restated, modified or supplemented from time to time. 

 “Anti-Corruption Laws” shall mean all laws, rules, and regulations of any
jurisdiction applicable to Borrower and its Subsidiaries from time to time concerning or relating to bribery or corruption. 

“Applicable Law” means all laws, rules and regulations applicable to the Person, conduct, transaction, covenant or Loan
Documents in question, including, without limitation, all applicable law and equitable principles; all provisions of all applicable state, provincial, territorial and federal constitutions, statutes, rules, regulations and orders of governmental
bodies; and all orders, judgments and decrees of all courts and arbitrators. 
 “Approved Invoice” means an invoice for the
aggregate purchase price of Merchandise purchased by Borrower with a purchase order approved by Aaron’s. 
 “Asset
Disposition” means (i) all sales of Merchandise; (ii) all Merchandise which is determined to have been stolen; (iii) all Merchandise that is destroyed, lost or otherwise removed from the premises of Borrower other than
pursuant to a Lease Contract or by outright sale or for repair work; and (iv) all “skipped” Merchandise which is Merchandise subject to a Lease Contract. 

“Asset Disposition Prepayment” shall have the meaning set forth in Section 2.10(b) hereof. 

“Bank” means Truist Bank and its successors and assigns. 

“BIA” means the Bankruptcy and Insolvency Act (Canada), as it may be amended from time to time. 

“Books and Records” means all of Borrower’s books and records evidencing or relating to its business, financial
condition or the Collateral, including, but not limited to, all customer lists, ledgers, invoices, purchase orders, financial statements, computer tapes and disks. 

“Business Day” means any day other than a Saturday, Sunday or a day on which commercial banks in Toronto, Ontario are
authorized by law to close. 
 “Business PAD” shall have the meaning set forth in the
Pre-Authorized Debt Rules. 
 “CCAA” means the Companies Creditors Arrangement
Act (Canada), as it may be amended from time to time. 
 “Chattel Paper” shall have the meaning ascribed to it in the
PPSA. 
 “Closing Date” means for (i) the Term Loan, the date set forth in the Term Note on which all Loan Documents
have been executed and delivered and the conditions precedent to funding the loan have been satisfied, and (ii) the Line of Credit Commitment, the date set forth in the Line of Credit Note on which all Loan Documents have been executed and
delivered and the conditions precedent to funding the loan have been satisfied. 
 “Closing Fee” shall have the meaning
given to such term in Section 2.11 hereof. 
 “Collateral” shall have the meaning given to such term in the Security
Agreement. 
 “Collateral Agreement” means an agreement executed by Borrower and any other Persons primarily or secondarily
liable for all or part of the Loans or granting a security interest to Bank in specified Collateral as security for the Loans, including without limitation, this Agreement and any Guaranties. 

  
 2 

 “Commitment Fee” shall have the meaning set forth in Section 2.12
hereof. 
 “Debt” means (i) indebtedness for borrowed money or for the deferred purchase price of property or services
(other than trade accounts payable on customary terms in the ordinary course of business), (ii) financial obligations evidenced by bonds, debentures, notes or other similar instruments, (iii) financial obligations as lessee under leases which
shall have been or should be, in accordance with GAAP, recorded as capital leases, and (iv) obligations under direct or indirect guaranties in respect of, and obligations (contingent or otherwise) to purchase or otherwise acquire, or otherwise
to assure a creditor against loss in respect of, indebtedness or financial obligations of others of the kinds referred to in clauses (i) through (iii) above. 

“Debt Service” means, for any particular period, the total required payments of principal (excluding any payments of
principal required to be made as a result of any Asset Disposition), interest and fees made by Borrower with respect to its Debt (other than Debt of Borrower which is subordinated to the Loan Indebtedness owing to Bank pursuant to a subordination
agreement in form and substance satisfactory to Bank) during such period to the extent that such Debt arises pursuant to this Agreement or any other financing arrangement with respect to Merchandise. 

“Default Condition” means the occurrence of any event which, after satisfaction of any requirement for the giving of notice
or the lapse of time, or both, would become an Event of Default. 
 “Default Rate” means the annual percentage interest
rate applied to the principal of the Loans not paid when due under the terms of the applicable Loan Documents, which rate shall equal the sum of two percent (2%) per annum plus the Floating Rate. 

“Delinquent Payment Fee” shall have the meaning set forth in Section 2.13 hereof. 

“Environment” means the component of the Earth, and includes (i) land, water and air, including all layers of the
atmosphere; (ii) all organic and inorganic matter and living organisms; and (iii) the interacting natural systems that include components referred to in paragraphs (i) and (ii). 

“Environmental Laws” means federal, provincial, local and foreign laws, principles of common law, regulations and codes, as
well as orders, decrees, judgments or injunctions issued, promulgated, approved or entered thereunder relating to pollution, protection and presentation of the environment or occupational health and safety, including, but not limited to the release
or threatened release of Hazardous Substances into the Environment or otherwise relating to the presence, manufacture, processing, distribution, use, treatment, storage, disposal, transport or handling of Hazardous Substances. 

“Equipment” means all machinery, equipment, furniture, fixtures, motor vehicles and other tangible personal property (other
than Inventory) of Borrower, including, but not limited to, all items described on the Equipment Schedule (if attached) and all substitutions and replacements thereof. 

“Event of Default” shall have the meaning set forth in Section 9 hereof. 

“FCTA” means Borrower’s Foreign Currency Transaction Account held with Bank into which Bank shall deposit the Advances
for the purpose of paying, by means of SWIFT transfer, Approved Invoices arising from purchases of Merchandise from a supplier, including any freight charges to the extent Aaron’s consents thereto. 

  
 3 

 “Floating Rate” means a rate of interest per annum equal to the Prime Rate
plus an additional [four and three-quarters] percent ([4.75%]1) per annum, such rate to change as and when the Prime Rate changes. 

“Franchise Agreement” means the written agreement between Aaron’s and Borrower whereby Borrower is authorized to
establish an “Aaron’s” franchise. 
 “GAAP” means generally accepted accounting principles in Canada,
consistently applied. 
 “Guarantor” means each Person who now or hereafter guarantees payment of the whole or any part of
the Loan Indebtedness. 
 “Guaranty” means any guaranty agreement executed by each of the partners, shareholders, and where
not prohibited by law, the spouses of such persons, of Borrower, or such other Persons as may be required by Bank, in favor of Bank with respect to the obligations of Borrower with respect to the Loans in the form provided by Bank, as the same may
be amended, restated or supplemented from time to time. 
 “Hazardous Substances” means any waste, pollutant, hazardous
substance, toxic substance, hazardous waste, special waste, industrial substance or waste, petroleum or petroleum-derived substance or waste, or any constituent of any such substance or waste, including without limitation, any such substance
regulated under or defined by any Environmental Law. 
 “Instrument” shall have the meaning ascribed to it in the PPSA.

 “Inventory” means all inventory of Borrower, including, without limitation, all raw materials, work in process, finished
goods, goods being leased pursuant to Lease Contracts, and other goods held by Borrower for sale or lease or furnished under contracts of service. 

“Lease Contract” means a contract between Borrower and a customer to lease Merchandise in the form approved by Aaron’s
(and which may include purchase options). 
 “Lien” means any interest in property securing an obligation, whether such
interest is based on the common law, statute or contract, including, without limitation, a security interest, lien or security title arising from a security agreement, mortgage, security deed, trust deed, pledge, hypothec or conditional sale, or a
lease, consignment or bailment for security purposes. 
 “Line of Credit Commitment” means the committed line of credit
facility established by Bank in favor of Borrower in the amount set forth in the Line of Credit Note and upon the terms described in this Agreement. 

“Line of Credit Loan” means a loan or an advance made by Bank to Borrower under its Line of Credit Commitment. 

“Line of Credit Note” means a note executed by Borrower in favor of Bank, substantially in the form of
Exhibit A-1 attached hereto in the committed principal amount of Bank’s Line of Credit Commitment evidencing the obligation of Borrower to repay its Line of Credit Loans. 

“Loan Account” means the internal bank loan account established by Bank for Borrower. 

 

	1 	 Note: This interest rate shall be as designated by Aaron’s in the applicable loan Funding Approval Notice.

  
 4 

 “Loan Documents” means this Agreement, the Notes, the Collateral
Agreements, any other documents relating to the Loans delivered by Borrower or any guarantor or surety thereof to Bank and any amendments thereto. 

“Loan Indebtedness” means all amounts due and payable by Borrower under the terms of the Loan Documents with respect to the
Loans made thereunder, including, without limitation, outstanding principal, accrued interest, any late charges, and all reasonable costs and expenses of any legal proceeding brought by Bank to collect any of the foregoing (including without
limitation, reasonable legal or attorneys’ fees). 
 “Loans” means the Line of Credit Loans or Term Loan. 

“Loan Term” shall have the meaning set forth in Section 2.6(i) hereof. 

“Material Adverse Effect” means any materially adverse change in (i) the business, results of operations, financial
condition, assets or prospects of Borrower, taken as a whole, (ii) the ability of Borrower to perform its obligations under this Agreement, or (iii) the ability of the Guarantors (taken as a whole) to perform their respective obligations
under the Guaranty. 
 “Maturity Date” means for (i) the Term Loan, the date set forth in the Term Note and
(ii) the Line of Credit Commitment, the date set forth in the Line of Credit Note. 
 “Merchandise” means goods
distributed or sold to Borrower through Aaron’s. 
 “Net Book Value” means, for any item of Merchandise, the cost of
such Merchandise less accumulated depreciation as calculated in accordance with the Aaron’s Proprietary System. 

“Note” means the Line of Credit Note or the Term Note, as the case may be. 

“OFAC” shall mean the U.S. Department of the Treasury’s Office of Foreign Assets Control. 

“Opening Date” means with respect to each store location, the date determined by Aaron’s to be the opening date of such
location in accordance with its standard practice, as notified to Bank. 
 “PAD Authorization” means a pre-authorized debit authorization executed by Borrower authorizing Bank to cause a specified account of Borrower to be debited to pay amounts payable hereunder, such authorization to be in the form attached hereto
as Exhibit F or such other form as Bank may require from time to time. 
 “Payment Date” means
the last day of each calendar month; provided, however, if such day is not a Business Day, the next succeeding Business Day which is also a US Business Day. 

“Permitted Liens” means Liens in favor of Bank or Aaron’s; Liens for taxes not yet due or payable; statutory Liens
securing the claims of materialmen, mechanics, carriers and landlords for labor, materials, supplies or leases incurred in the ordinary course of Borrower’s business, but only if payment thereof is not at the time required and such Liens are at
all times junior in priority to the Liens in favor of Bank; Liens shown on Exhibit B attached hereto (if any); and Liens hereafter consented to by Bank in writing. 

  
 5 

 “Person” means a corporation, an association, partnership, an organization,
a business, a business trust, a limited liability company, an individual, a government or political subdivision thereof or a governmental agency. 

“Personal PAD” shall have the meaning set forth in the Pre-Authorized Debit Rules.

 “PPSA” means the Personal Property Security Act as in effect from time to time in the Province of Ontario. 

“Pre-Authorized Debit Rules” means
Rule H-1 of the Canadian Payments Association, as the same may be amended, modified, supplemented, restated, re-enacted or replaced from time to time. 

“Prime Rate” means, on any date of determination, the higher of (a) the reference rate of interest, expressed as an
annual rate, publicly announced or posted from time to time by Bloomberg on page BTMM for Canadian Money Market rates or (b) the average one month Bankers’ Acceptance rate quoted on Reuters Service, page CDOR, as at approximately 10:00
a.m. (Toronto, Ontario time) on such day plus 1% per annum. 
 “Quarterly Covenant Compliance Report” means that Quarterly
Covenant Compliance Report substantially in the form of Exhibit D attached hereto. 
 “Rental
Revenue” means, for any period, the gross revenues of Borrower from leases to the public of Borrower’s furniture inventory, computers, electronics, appliances and lease equipment including, without limitation, all customer deposits,
advance lease payments, waiver fees, late fees, delivery fees, nonsufficient fund fees and reinstatement fees, but excluding all retail sales proceeds, goods and services tax, harmonized sales tax or provincial sales taxes. 

“Sanctioned Country” shall mean, at any time, a country or territory that is, or whose government is, the subject or target
of any Sanctions. 
 “Sanctioned Person” shall mean, at any time, (i) any Person listed in any Sanctions-related list
of designated Persons maintained by OFAC, the U.S. Department of State, the United Nations Security Council, the European Union or any EU member state, (ii) any Person located, organized or resident in a Sanctioned Country or (iii) any
Person controlled by any such Person. 
 “Sanctions” shall mean economic or financial sanctions or trade embargoes
administered or enforced from time to time by (i) the U.S. government, including those administered by OFAC or the U.S. Department of State or (ii) the United Nations Security Council, the European Union or Her Majesty’s Treasury of
the United Kingdom. 
 “Security Agreement” means a security agreement made by Borrower in favour of Bank substantially in
the form attached hereto as Exhibit E attached hereto. 
 “Set Interval” shall have the meaning
set forth in the Pre-Authorized Debit Rules. 
 “Solvent” means, as to any Person,
such Person (i) is able to pay, and does pay, its debts as they mature and (ii) has a positive tangible net worth determined in accordance with GAAP. 

“Sporadic” shall have the meaning set forth in the Pre-Authorized Debit Rules. 

  
 6 

 “Spousal Consent” means any agreement provided by the spouse of any Person
executing a Guaranty to the extent such spouse has not personally executed a Guaranty, to be substantially in the form provided by Bank. 

“Subsidiary” means any corporation or other entity of which securities or other ownership interests having ordinary voting
power to elect a majority of the board of directors or other persons performing similar functions are at the time directly or indirectly owned by Borrower. 

“SWIFT” means Society for Worldwide Interbank Financial Telecommunication. 

“Term Loan” means a single loan made by Bank to Borrower in an amount not to exceed the Term Loan Commitment. 

“Term Loan Commitment” means the obligation of Bank to make a Term Loan in favor of Borrower in the amount set forth in the
Term Note and upon the terms described in this Agreement. 
 “Term Note” means a note executed by Borrower in favor of
Bank, substantially in the form of Exhibit A-2 attached hereto in the committed principal amount of Bank’s Term Loan Commitment evidencing the obligation of Borrower to
repay its Term Loan. 
 “US Business Day” means any day other than a Saturday, Sunday or a day on which commercial banks in
Charlotte, North Carolina are authorized by law to close. 
 1.2 Accounting Terms and Determination. Accounting terms used in this
Agreement such as “amortization,” “depreciation,” “interest expense,” and “tangible net worth” shall have the meaning normally given them by, and shall be calculated (both as to amounts and classification of
items) in accordance with, GAAP. Any pronoun used herein shall be deemed to cover all genders. All references to statutes and related regulations shall include any amendments of same and any successor statutes and regulations, and all references to
any instruments or agreements, including, without limitation, references to any of the Loan Documents, shall include any and all modifications or amendments thereto and any and all extensions or renewals thereof. 

1.3 Interest Calculation and Payments. Unless otherwise stated, wherever in this Agreement reference is made to a rate of interest
“per annum” or a similar expression is used, such interest will be calculated on the basis of a calendar year of 360 days, as the case may be, and using the nominal rate method of calculation and not the effective rate method of
calculation or on any other basis that gives effect to the principle of deemed reinvestment of interest. Interest will continue to accrue after maturity and default and/or judgment, if any, until payment thereof, and interest will accrue on overdue
interest, if any. 
 1.4 Interest Act (Canada). For the purposes of this Agreement, whenever interest to be paid hereunder is to be
calculated on the basis of 360 days or any other period of time that is less than a calendar year, the yearly rate of interest to which the rate determined pursuant to such calculation is equivalent is the rate so determined multiplied by the actual
number of days in the calendar year in which the same is to be ascertained and divided by 360 or such other number of days in such period, as the case may be. 

1.5 Currency. All references herein to currency or to $ are to lawful currency of Canada. 

  
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 2. LOAN; USE OF PROCEEDS. 

2.1 Establishment of FCTA; Loan Account. 

(i) Prior to the Closing Date, Bank shall (unless the Borrower has only a Term Loan) establish a FCTA for Borrower. 

(ii) Prior to the Closing Date, Bank shall also establish on its books an internal loan account in Borrower’s name (the “Loan
Account”) in which Bank shall record, in accordance with customary accounting practice, all charges, expenses and other items properly chargeable to Borrower; all payments made by Borrower on account of indebtedness evidenced by the Loan
Account; all proceeds of Collateral which are finally paid to Bank at its office in cash or solvent credits; and other appropriate debits and credits. The debit balance of the Loan Account shall reflect the amount of Borrower’s Loan
Indebtedness from time to time by reason of the Loans and other appropriate charges hereunder. At least once each month, Bank shall render a statement of account for the Loan Account, which statement shall be considered correct, and accepted by and
conclusively binding upon Borrower, unless Borrower notifies Bank to the contrary within thirty (30) days after Bank’s sending of said statement to Borrower. 

2.2 Establishment of Line of Credit Loan. Any Line of Credit Commitment now or hereafter committed to by Bank pursuant to which Borrower
shall execute and deliver to Bank a Line of Credit Note shall be governed by and issued pursuant to the provisions, terms and conditions set forth herein. 

2.3 Line of Credit Advances. 

(i) Upon Borrower’s execution of this Agreement and a Line of Credit Note and compliance with the terms of this Agreement, and subject to
Bank’s confirmation if requested by Aaron’s that Bank has a first priority security interest in the Collateral, Bank shall notify Borrower that Borrower may request Advances pursuant to the Line of Credit Commitment. Bank shall make such
Advances into the FCTA for the sole purposes of (x) honoring requests from Borrower, made through Aaron’s by fax, email or other electronic form of notification to Aaron’s by 12:00 noon (Charlotte, North Carolina time) on the last
Business Day immediately prior to the 10th or the 25th day of each month, for SWIFT transfers to suppliers of Merchandise in payment of
Approved Invoices and, to the extent permitted by Aaron’s, to pay sales and use taxes and freight charges, for working capital and for other purposes to the extent approved by Aaron’s. 

Each Advance shall be made by Servicer for the sole purposes of (i) honoring requests from any US Borrower, made through the Aaron’s
Proprietary System, for ACH transfers to suppliers of Merchandise in payment of Approved Invoices, (ii) honoring requests from any US Borrower for Advances made via ACH transfers to an operating account or other location specified by such
Borrower (and granted a vendor identification number by Aaron’s) and, to the extent permitted by Aaron’s, for working capital and for other purposes to the extent approved by Aaron’s or (iii) honoring requests from any Canadian
Borrower, made through Aaron’s by fax, email or other electronic forms of notification to the Servicer. The maximum principal amount of Advances under the Line of Credit Commitment at any time outstanding shall not exceed the committed amount
of the Line of Credit Commitment. Each Advance shall be in the amount of not less than $500. 
 (ii) Borrower shall submit purchase order
requests for Merchandise to Aaron’s from time to time. In the event that the purchase order is authorized pursuant to the Franchise Agreement, Aaron’s will prepare the purchase order and submit the same to the appropriate supplier
requested by Borrower. The supplier will be instructed to ship all Merchandise directly to Borrower and Borrower will be responsible for (a) inspecting all Merchandise and resolving all disputes regarding the Merchandise with

  
 8 

 
such supplier and (b) paying all freight and other shipping and/or insurance charges arising in connection therewith with funds other than the proceeds of Loans, unless otherwise agreed by
Aaron’s. The supplier will invoice Borrower for such Merchandise in accordance with normal industry practice. When Borrower wishes to pay such invoice, Borrower, subject to availability of the Line of Credit Commitment and the minimum borrowing
threshold, shall pay such invoice by requesting, by way of fax, email or other electronic form of notification by 12:00 noon (Charlotte, North Carolina time) on the last Business Day immediately prior to the 10th or the 25th day of each month, that Aaron’s direct Bank to pay such invoice by initiating a SWIFT transfer from Borrower’s FCTA to the
applicable vendor and Bank shall be entitled to rely on such request from Aaron’s as if it had been made directly by the Borrower. Any directions for SWIFT transfers transmitted by Aaron’s to Bank prior to 12:00 noon (Charlotte, North
Carolina time) on the Business Day immediately preceding the 10th or the 25th day of a month, shall be paid by Bank no later than the next
Business Day thereafter, unless Borrower is otherwise notified by Aaron’s or Bank. 
 (iii) Upon receipt of the request for an SWIFT
transfer (provided, however, that such request relates to an Approved Invoice), Bank shall honor such request by making an Advance pursuant to the Line of Credit Commitment in the amount of such request into Borrower’s FCTA and
forwarding such amount to the supplier by means of a SWIFT transfer in accordance with the instructions of Borrower. Upon receipt of any request to deposit funds into an account in the name of Borrower and receipt of Aaron’s approval thereof,
Bank shall honor such request by making an Advance pursuant to the Line of Credit Commitment in the amount of such request into Borrower’s FCTA and automatically forwarding such amount to such account of Borrower by means of an SWIFT transfer
in accordance with the instructions of Borrower. In the event that a request for a SWIFT transfer is presented for payment and Borrower’s availability pursuant to the Line of Credit Commitment is insufficient to honor such request, Bank may,
but shall have no obligation to, make such overadvance, which shall be an Advance for all purposes hereunder, but shall be due and payable upon demand. At the end of each calendar month, Bank shall provide Borrower with a monthly FCTA statement in
the form customarily used by Bank for its commercial customers and a loan account statement. 
 (iv) The aggregate amount of Advances made to
Borrower during such month shall be amortized into twenty-four (24) equal payments of principal due and payable on the next succeeding Payment Dates; provided, however, that, in the event that Bank terminates the Line of Credit
Commitment as provided in Section 2.6 below, all outstanding amounts shall be due and payable on the 24th Payment Date following such termination. 

2.4 Term Loan. Any Term Loan Commitment now or hereafter committed to by Bank pursuant to which Borrower shall execute and deliver to
Bank a Term Note shall be governed by and issued pursuant to the provisions, terms and conditions set forth herein. Upon Borrower’s execution of this Agreement and a Term Note and compliance with the terms of this Agreement and subject to
Bank’s confirmation if requested by Aaron’s that Bank has a first priority security interest in the Collateral, Bank may make a Term Loan to Borrower in a principal amount not to exceed the Term Loan Commitment; provided,
however, that if for any reason the full amount of Bank’s Term Loan Commitment is not fully drawn on the Closing Date, the undrawn portion thereof shall automatically be cancelled. 

2.5 Repayment. 
 (i)
Line of Credit Loans. Payments of principal for Line of Credit Loans shall be due and payable by Borrower to Bank on each Payment Date and subject to the provisions of Section 2.6 below, on the Maturity Date for the Line of Credit
Commitment, unless sooner accelerated in accordance with the terms hereof. 

  
 9 

 (ii) Term Loans. Payments of principal for Term Loans shall be due and payable by
Borrower to Bank in installments payable on the dates set forth in the Term Note, provided, however, that, to the extent not previously paid, the aggregate unpaid principal balance of the Term Loans shall be due and payable on the
Maturity Date for the Term Loan. 
 (iii) Except as provided below, all payments of principal of, or interest on, the Loans (including Asset
Disposition Prepayments) and all other sums due under the terms of the Loan Documents at Set Intervals shall be made by way of pre-authorized debit from an account at a financial institution in Canada
specified by Borrower. All voluntary prepayments of the Loan shall be made to Bank at the Lender’s Account by way of SWIFT transfer of immediately available funds or by pre-authorized debit from an
account at a financial institution in Canada specified by Borrower. 
 2.6 Loan Term; Voluntary Termination. 

(i) The original term of the Line of Credit Commitment shall be for a period of 364 days from the Closing Date (the “Loan
Term”). Thereafter, the Loan Term shall automatically be extended on each anniversary of the Closing Date for an additional 364 day period unless either party terminates the Line of Credit Commitment as set forth hereunder. Upon ninety
(90) days prior written notice to Borrower, Bank may, at its option, terminate the Line of Credit Commitment. Upon written notice to Bank, Borrower may, at its option, terminate the Line of Credit Commitment. Bank may also terminate the Line of
Credit Commitment pursuant to Section 10 hereof. Upon the effective date of a termination of the Line of Credit Commitment effected by Borrower, the principal of and all accrued but unpaid interest on the Loan Indebtedness in respect of the
Line of Credit Loans shall be forthwith due and payable, but all of the duties and covenants of Borrower hereunder, and all rights, remedies and privileges of Bank under this Agreement and Bank’s security interest in the Collateral, shall
continue in full force and effect until all of the Loan Indebtedness in respect of the Line of Credit Loans is fully and finally paid. In the event Bank elects to terminate, (a) Bank shall continue to make Advances until the effective date of
the termination and (b) Advances outstanding at the effective date of the termination shall be repaid according to the twenty-four (24) month amortization schedule provided above, provided, however, that, notwithstanding the
foregoing all outstanding Loan Indebtedness in respect of the Line of Credit Loans shall be due and payable in full on the 24th Payment Date following termination of the Line of Credit Commitment
by Bank. Nothing set forth in this Section 2.6(i) shall be deemed to limit the ability of Bank to declare all amounts outstanding under the Line of Credit Note immediately due and payable upon the occurrence of an Event of Default hereunder as
provided herein. 
 (ii) The Term Loan shall terminate on the Maturity Date for the Term Loan set forth in the Term Note, as the case may be,
which date shall be no more than two years from the Closing Date, subject to Section 10 hereof. Upon the termination of the Term Loan, the principal of and all accrued but unpaid interest on the Loan Indebtedness in respect of the Term Loan
shall be forthwith due and payable, but all of the duties and covenants of Borrower hereunder, and all rights, remedies and privileges of Bank under this Agreement and Bank’s security interest in the Collateral, shall continue in full force and
effect until all of such Loan Indebtedness is fully and finally paid. 
 2.7 Interest. 

(i) From and after the date hereof, interest shall accrue on the unpaid principal amount of the Loan Indebtedness at the Floating Rate.
Interest shall be calculated daily and shall be computed on the basis of actual days elapsed over the period of a 360 day year. Interest shall be payable in arrears on each Payment Date and on the Maturity Date, whether due to acceleration or
otherwise. Any principal balance outstanding pursuant to a Loan not paid when due shall bear interest at a rate of interest per annum equal to the Default Rate, such interest to be payable upon demand. After the occurrence of an Event of Default and
during the continuance thereof, the outstanding principal balance of the Loans shall bear interest at the Default Rate, which shall be payable on demand. 
  

  
 10 

 (ii) In no contingency or event whatsoever shall the amount paid or agreed to be paid to
Bank for the use, forbearance or detention of money advanced under this Agreement exceed the highest lawful rate permissible under Applicable Law. It is the intent hereof that Borrower will not pay or contract to pay, and that Bank not receive or
contract to receive, directly or indirectly in any manner whatsoever, interest in excess of that which may be charged to and paid by Borrower under Applicable Law. All interest (and charges deemed interest) paid or agreed to be paid to Bank shall,
to the extent permitted by Applicable Law, be amortized, pro rated, allocated and spread in equal parts throughout the full term hereof until payment in full of the principal amount of the Loan Indebtedness owing hereunder (including the period of
any renewal or extension hereof) so that interest on the principal amount of the Loan Indebtedness outstanding hereunder for such full period will not exceed the maximum amount permitted by Applicable Law. 

2.8 Loan Prepayment. 
 (i)
Voluntary Prepayment. Borrower shall have the right to prepay the Loans in whole or in part on any Payment Date, but subject to Borrower having provided at least two (2) Business Days’ prior written notice to Bank. Partial
prepayments of any Line of Credit Loan (other than proceeds of Asset Dispositions which shall be applied as set forth in the following Section 2.10(ii)) shall be applied to reduce the current month’s Advance(s) to such Borrower with any
excess prepayment applied to unpaid principal payments of the Loan as Aaron’s may request and the Servicer may agree in its sole discretion (which may include, but is not limited to, application of such excess prepayment to unpaid principal
payments of the Loan in inverse order of maturity or on a pro rata basis). 
 (ii) Mandatory Prepayment. For the Line of Credit Loan,
mandatory prepayment shall be required for Asset Dispositions. 
 2.9 Audits. Borrower hereby consents and authorizes Aaron’s or
Bank or any agent or representative thereof to conduct periodic field audits of Borrower. Such field audits may include, without limitation, examinations of the payment receipts, tax returns, bank statements, loan statements, Lease Contracts,
inventory on hand, computer-generated reports of Asset Dispositions, Rental Revenue and other financial data necessary to determine the accuracy and validity of the reports, compliance certificates, financial reports and other information forwarded
to either of Bank or Aaron’s by Borrower in connection with the Loan. 
 2.10 Tracking of Merchandise; Asset Dispositions. 

(i) All Merchandise financed by Bank must be serialized by means of the Aaron’s Proprietary System for appropriate reconciliation of
Advances and receipt of Merchandise and for purposes of tracking Asset Dispositions, if applicable. Borrower shall be obligated to furnish serial numbers for all Merchandise purchased directly to Aaron’s on a weekly basis (and, if available, on
a daily basis) by transmittal of Borrower’s receiving report (containing Aaron’s Proprietary System numbers) directly to Aaron’s on the Aaron’s Proprietary System. As set forth more fully below, Aaron’s will maintain and
track such information as agent for Bank and Bank shall at all times have access to such information. 
 (ii) If Borrower has a Line of
Credit Note and an Asset Disposition occurs, Borrower shall immediately report such Asset Disposition to Aaron’s by means of the Aaron’s Proprietary System, such information to include the Aaron’s Proprietary System numbers, and if
assigned, the serial numbers of the Merchandise subject to the Asset Disposition, the Net Book Value of such Merchandise and the 

  
 11 

 
proceeds received by Borrower therefrom. Aaron’s, on a monthly basis, shall transmit all such information to Bank in a summary form. Based solely on such information provided by
Aaron’s, Bank will notify Borrower on a monthly basis, of the amount of the required prepayment (the “Asset Disposition Prepayment”) of the aggregate outstanding amount of the Line of Credit Loan due on the next Payment Date
which amount shall be equal to the Net Book Value of the Asset Dispositions during the preceding month not applied to Advances made during such month as set forth above, unless otherwise agreed to by Bank. Borrower shall be notified by Bank by the
Business Day next following the 25th day of each calendar month of the Asset Disposition Prepayment and payment thereof shall be due on the next succeeding Payment Date. 

2.11 Closing Fee. On the Closing Date of each Loan, Borrower shall pay to Bank a closing fee (“Closing Fee”) in the
amount of $500 per store location [plus $5,000]2 . 
 2.12 Commitment
Fees. 
 (i) Borrower shall pay a commitment fee (the “Commitment Fee”) on any unused portion of the Line of Credit
Commitment in the amount of _________________% per annum, such Commitment Fee to be paid quarterly in arrears on every third Payment Date, commencing on the third Payment Date after the Closing Date. 

(ii) All Commitment Fees shall be paid on the dates due, in immediately available funds, to Bank. 

2.13 Delinquent Payment Fees. In the event that any payment due and payable hereunder is not received by Bank on the Payment Date when
due (including, without limitation, any payment not received as a result of the dishonour of a pre-authorized debit or a return of a pre-authorized debit initiated by
Borrower), Borrower shall, upon request from Bank, pay to Bank a delinquent payment fee (the “Delinquent Payment Fee”) in an amount equal to the greater of (i) one percent (1%) of the amount of the late payment and (ii)
$500.00. 
 3. COLLATERAL AND INSURANCE. 

3.1 Granting of Security Interest in Collateral. As security for the payment and performance of all of the Loan Indebtedness, Borrower
shall enter into the Security Agreement and grant Bank thereunder a continuing security interest in its Collateral. The Loan Indebtedness shall also be secured by any other property (whether real or personal) in which Borrower may have heretofore or
concurrently herewith granted, or may hereafter grant, a Lien in favor of Bank. 
 3.2 Form of Lease Contracts. All Lease Contracts
will be (i) in a form prescribed by Aaron’s for use by its franchisees, (ii) be transferable to Bank and (iii) contain the following provision directly above Borrower’s customer’s signature: 

“NOTWITHSTANDING ANYTHING SET FORTH IN THIS AGREEMENT TO THE CONTRARY, THE UNDERSIGNED ACKNOWLEDGES AND CONSENTS TO THE TRANSFER OF, OR
GRANT OF A SECURITY INTEREST IN, ANY OR ALL OF THE LESSOR’S RIGHT, TITLE AND INTEREST (RESIDUAL OR OTHERWISE) IN AND UNDER THIS AGREEMENT TO ANY THIRD PARTY. NO SUCH TRANSFER OR GRANT OF SECURITY INTEREST WILL: (A) AFFECT THE
UNDERSIGNED’S LOAN 
  
  

	2 	 Note: in the case of a Borrower with a Term Loan Commitment that has customized financial covenants as
specified by Aaron’s in accordance with Section 6 hereof, an additional $5,000 fee will be charged. 

  
 12 

 
INDEBTEDNESS; (B) CHANGE ANY DUTIES OF, OR INCREASE ANY BURDENS OR RISKS IMPOSED ON, THE PARTIES TO THIS AGREEMENT; NO ENFORCEMENT OF ANY SECURITY INTEREST WILL CONSTITUTE A TRANSFER THAT
CHANGES ANY DUTIES OF, OR INCREASES ANY BURDENS OR RISK IMPOSED ON, THE PARTIES TO THIS AGREEMENT.” 
 Immediately upon execution of the same, all
Lease Contracts shall be hereby assigned to Bank, and, immediately upon Bank’s request, delivered to Bank together with any and all related documents, and will contain, by way of a stamp or as a part of the preprinted lease contract, the
following legend directly below Borrower’s customer’s signature: 
 “FOR VALUE RECEIVED, THIS AGREEMENT HAS BEEN ASSIGNED TO
TRUIST BANK AND THERE ARE NO DEFENSES AGAINST THE ASSIGNEE.” 
 Borrower will not assign, sell, pledge, convey or by any other means transfer to any
person other than Bank any Lease Contracts or Chattel Paper, without Bank’s prior written consent. 
 3.3 Other Documents.
Borrower shall execute and deliver, or shall be caused to be executed and delivered, to Bank such other instruments, agreements, assignments, notifications or other documents relating to the Collateral as Bank may from time to time request in order
to evidence, perfect or continue the perfection of Bank’s Liens upon any of the Collateral. 
 3.4 Insurance. Borrower shall
maintain and keep in force insurance of the types and in the amounts customarily carried in lines of business similar to Borrower’s and such other insurance as Bank may require, including, without limitation, theft, fire, public liability,
business interruption, casualty, property damage, and worker’s compensation insurance, which insurance shall be carried with companies and in amounts satisfactory to Bank. All casualty and property damage insurance shall name Bank as mortgagee,
sole loss payee, or additional insured, as appropriate. Borrower shall deliver to Bank from time to time, at Bank’s request, copies of all such insurance policies and certificates of insurance and schedules setting forth all insurance then in
effect. Each policy of insurance shall contain a clause requiring the insurer to give not less than thirty (30) days’ prior written notice to Bank in the event of any lapse, termination or cancellation of the policy for any reason
whatsoever and a clause that the interest of Bank shall not be impaired or invalidated by any act or neglect of Borrower or owner of the property nor by the occupation of the premises for purposes more hazardous than are permitted by said policy.
All such insurance policies shall contain such other provisions as Bank may require in order to protect Bank’s Lien in the collateral and Bank’s right to receive payments under such policies. Borrower hereby appoints Bank as attorney in
fact for Borrower to file claims under any insurance policies, to receive, receipt and give acquittance for any payments that may be payable to Borrower thereunder, and to execute any and all endorsements, receipts, releases, assignments,
reassignments, or other documents that may be necessary to effect the collection, compromise or settlement of any claims under any such insurance policies, which power of attorney shall be deemed coupled with an interest and irrevocable so long as
Bank shall have a Lien in any of the Collateral pursuant to this Agreement. If Borrower shall fail to procure such insurance or to pay any premium with respect thereto, then Bank may, at its discretion, procure such insurance or pay such premium and
any costs so incurred by Bank shall constitute a part of the Loan Indebtedness. Bank may apply the proceeds of any insurance policy received by Bank to the payment of any liabilities, whether or not due, in such order of application as Bank shall
determine. Borrower shall promptly furnish Bank with certificates or other evidence satisfactory to Bank indicating compliance with the foregoing insurance requirements. 

3.5 Validation and Collection of Accounts. Whether or not a Default Condition or an Event of Default has occurred, Bank shall have the
right, at any time or times hereafter, in the name of Bank or any designee of Bank to verify the validity, amount or any other matter relating to any Accounts by mail, 

  
 13 

 
telephone or otherwise, and Borrower shall fully cooperate with Bank in an effort to facilitate and promptly conclude any such verification process. Unless Bank shall at any time following the
occurrence of an Event of Default, elect to give notice to Account Debtors to make payments on the Accounts directly to Bank, Borrower shall endeavor in the first instance to make collection of its Accounts for Bank. Borrower shall at the request of
Bank notify the Account Debtors of the security interest of Bank in any Account and Bank may itself at any time so notify Account Debtors. Upon or after the occurrence of an Event of Default, Borrower shall (if and to the extent requested to do so
by Bank) notify the Account Debtors to make all payments owing to Borrower directly to Bank for application to the Loan Indebtedness. 
 3.6
Maintenance of Collateral. Borrower shall maintain all Inventory and Equipment in good condition, reasonable wear and tear excepted in the case of Equipment, and shall, as and when requested by Bank, provide Bank with a list of all of the
Equipment and evidence of ownership thereof. Borrower shall not permit any of the Equipment to become affixed to any real property so that such Equipment is deemed a fixture under the real estate laws of the applicable jurisdiction. 

3.7 Expenses Relating to Collateral. Borrower shall pay Bank on demand an amount equal to any and all expenses, including legal fees,
incurred or paid by Bank in connection with Bank’s insuring, maintaining, protecting, storing, safeguarding, or paying Liens with respect to any of the Collateral or otherwise discharging any duty or obligation of Borrower with respect to any
of the Collateral. 
 3.8 Rights to Collateral. Bank shall have no duty to collect, protect or preserve the underlying value of any
Collateral or any income thereon or to preserve any rights against prior parties. Bank may exercise its rights and remedies with respect to the Collateral without first resorting (and without regard) to any other security for the Loans or other
sources of payment or reimbursement for the Loan Indebtedness. 
 4. CONDITIONS PRECEDENT. 

Borrower shall deliver and Bank shall have received the following documents, each in form and substance satisfactory to Bank, as conditions
precedent of the Loans: 
 (i) a validly executed copy of this Agreement and the Security Agreement; 

(ii) the validly executed Notes; 

(iii) a validly executed copy of a Guaranty of each partner or majority stockholder of Borrower, and to the extent not prohibited by Applicable
Law, the spouse of such Person together, in the case of the spouse, a certificate of independent legal advice with respect to the spouse’s execution of such Guaranty; provided, however, that if such spouse is not providing a
Guaranty, a validly executed copy of the Spousal Consent; 
 (iv) All documentation and other information with respect to the Credit Parties
that Aaron’s or any Participant reasonably believes is required by regulatory authorities under applicable “know-your-customer” and anti-money laundering rules and regulations, including without limitation the Patriot Act; 

(v) a validly executed PAD Authorization in the form attached hereto as Exhibit F, authorizing Bank to debit
Borrower’s bank account at a Canadian financial institution specified therein for payments due hereunder at Set Intervals, including without limitation, Asset Disposition Prepayments and mandatory prepayments of the Loans pursuant to
Section 2.8(ii); 
 (vi) a validly executed subordination agreement, in form and substance satisfactory to Bank, from each other
debtholder of Borrower; 

  
 14 

 (vii) evidence of Borrower’s good standing; 

(viii) a validly executed officer’s certificate or such other evidence acceptable to Bank evidencing Borrower’s corporate,
partnership or other necessary authorization of the Loans and incumbency; 
 (ix) a certificate of insurance from an insurer acceptable to
Bank evidencing Borrower’s compliance with Section 3.4 hereof and naming Bank as loss payee/additional insured as follows: 

Aaron’s Program Manager 

Truist Bank 
 Program Lending 

303 Peachtree Street, N.E. 
 2nd
Floor 
 Mail Code 1802 
 Atlanta,
Georgia 30308 
 (x) a validly executed authorization in favour of Aaron’s, authorizing Aaron’s to initiate SWIFT transfers from
the FCTA to pay vendors in accordance with Section 2.3(ii); and 
 (xi) valid Personal Property Security Act financing statements
suitable for filing to enable Bank to perfect the security interest granted to it under this Agreement. 
 In addition, Bank shall have satisfied itself that
(y) all necessary steps have been taken and all necessary registrations have been made to perfect Bank’s security interest in the Collateral, and (z) there are no Liens on any of the Collateral, and Bank shall be satisfied that all
corporate or partnership proceedings necessary for the authorization of the Loan shall have been taken and Bank shall have received any other documents that it deems necessary or advisable. 

5. BORROWER’S REPRESENTATIONS AND WARRANTIES. 

To induce Bank to enter into this Agreement, Borrower represents and warrants as follows: 

5.1 Organization and Qualification of Borrower. Borrower is _________________ under the laws of the province shown on the first page
hereof or under the laws of Canada, and is qualified to do business in all jurisdictions where the character of its properties or the nature of its activities make such qualification necessary. 

5.2 Trade Names, Subsidiaries and Location of Assets. Exhibit B attached hereto and made a part hereof fully
and accurately discloses any legal name, trade name or style ever used by Borrower, any Subsidiaries owned by Borrower, and each office, other place of business or location of assets of Borrower. 

5.3 Corporate or Other Authority; No Violation of Other Agreements. The execution, delivery and performance by Borrower of this
Agreement and the other Loan Documents have been duly authorized by all necessary action on the part of Borrower and do not and will not (i) violate any provision of Borrower’s articles of incorporation, by laws, or other organizational
documents or any Applicable Law, or (ii) be in conflict with, result in a breach of, or constitute (following notice or lapse of time or both) a default under any agreement to which Borrower is a party or by which Borrower or any of its
property is bound. Each PAD Authorization has been executed by persons with signing authority in respect of the account at a Canadian financial institution that is the subject of such PAD Authorization and any such PAD Authorization is a Business
PAD and not a Personal PAD. 
  

  
 15 

 5.4 Enforceability. This Agreement and each of the other Loan Documents create legal,
valid and binding obligations of Borrower enforceable against Borrower in accordance with their respective terms. 
 5.5 Entire
Agreement. The Notes and accompanying Loan Documents executed in connection with the Loans and delivered to Bank are the only contracts evidencing the transaction described herein and constitute the entire agreement of the parties hereto with
respect to the transaction. 
 5.6 Genuineness of Signatures. The Notes and each accompanying Loan Document executed in connection
with the Loans are genuine and all signatures, names, amounts and other facts and statements therein and thereon are true and correct. 
 5.7
Litigation. There are no actions, suits, proceedings or investigations pending or, to the knowledge of Borrower, threatened before any court, tribunal or administrative or governmental agency that may, individually or collectively, adversely
affect the financial condition or business operations of Borrower. 
 5.8 Financial Condition. Borrower’s financial statement
previously delivered to Aaron’s, fairly and accurately presents the financial condition of Borrower as of such date and has been prepared in accordance with GAAP consistently applied, and since the date of that financial statement, there has
been no material adverse change in the financial condition of Borrower. Borrower is now and will remain Solvent. 
 5.9 Taxes. All
federal, provincial and local tax returns have been duly filed, and all taxes, assessments and withholdings shown on such returns or billed to Borrower have been paid, and Borrower maintains adequate reserves and accruals in respect of all such
federal, provincial and other taxes, assessments and withholdings. There are no unpaid assessments pending against Borrower for any taxes or withholdings, and Borrower knows of no basis therefor. 

5.10 Compliance with Laws. Borrower has duly complied with, and its properties and business operations are in compliance in all material
respects with, the provisions of all Applicable Laws, including, without limitation, all Environmental Laws. Borrower possesses all permits, franchises, licenses, trademark rights, trade names, patents and other authorizations necessary to enable it
to conduct its business operations as now conducted, and no filing with, and no consent, authorization, order or license of, any Person is necessary in connection with the execution or performance of this Agreement or the other Loan Documents. 

5.11 No Default. No Default Condition or Event of Default exists. 

5.12 Accounts. Each Account arises out of a bona fide lease or sale and delivery of goods or rendition of services by Borrower and,
unless otherwise indicated by Borrower to Bank in writing promptly after learning thereof, the facts appearing on the invoice evidencing such Account and Borrower’s books relating thereto are true and accurate and payment thereof is not subject
to any known dispute, offset or claim except for discounts granted in the ordinary course of Borrower’s business that are reflected on the face of such invoice. 
  

  
 16 

 5.13 Use of Proceeds. None of the proceeds of any Advances by Bank or the Term Loan
have been or will be used (i) to purchase or carry (or to satisfy or refinance any indebtedness incurred to purchase or carry) any “margin stock” (as defined in Regulation U of the Federal Reserve Board), (ii) for the purpose of
funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country or (iii) in any manner that would result in the violation of any Sanctions applicable to any party hereto.
Advances shall be made for the sole purposes of honoring requests for SWIFT transfers to (a) suppliers of Merchandise in payment of Approved Invoices, and (b) other accounts specified by Borrower with respect to Advances made for working
capital purposes, subject to the approval of Aaron’s, which requests have been made to Aaron’s as provided in Section 2.3(i) or Section 2.3(ii), or upon the consent of Aaron’s, for the purpose of payment of freight charges
(but not for the purpose of paying provincial sales taxes, goods and services tax, harmonized sales tax or customs duty). The proceeds of the Term Loan shall be used solely for the purpose of financing the acquisition and expansion of stores
franchised by Aaron’s and operated by the Borrower and for Aaron’s-approved working capital purposes, but excluding in all cases any non-business purposes.

 Each submission of an Approved Invoice made by Borrower pursuant to this Agreement or any other Loan Document shall constitute an automatic
representation and warranty by Borrower to Bank that there does not then exist any Default Condition or Event of Default and a reaffirmation as of the date of said request that all representations and warranties of Borrower contained in this
Agreement and the other Loan Documents are true in all material respects. All representations and warranties contained in this Agreement or in any of the other Loan Documents shall survive the execution, delivery and acceptance hereof by Bank and
the closing of the transactions described herein. 
 5.14 Anti-Corruption Laws and Sanctions. Borrower has implemented and maintains
in effect policies and procedures designed to ensure compliance in all material respects by Borrower, its Subsidiaries and their respective directors, officers, employees and agents with Anti-Corruption Laws and applicable Sanctions, and Borrower,
its Subsidiaries and their respective officers (in such capacity), employees (in such capacity) and, to the knowledge of Borrower, its directors and agents, are in compliance with Anti-Corruption Laws and applicable Sanctions. None of
(a) Borrower, any Subsidiary or any of their respective officers (in such capacity) or employees (in such capacity), or (b) to the knowledge of the Borrower, any director or agent of Borrower or any Subsidiary is a Sanctioned Person. No
Advance nor the Term Loan, use by the Borrower or any Subsidiary of the proceeds thereof or other transactions contemplated hereby will violate Anti-Corruption Laws or applicable Sanctions. 

6. FINANCIAL COVENANTS. 

Borrower shall comply with the following financial covenant[s]: 

(i) [Rental Revenue to Debt Service. Commencing on the first day of the calendar quarter in which the 25th month following the Opening
Date of the first store location of Borrower occurs and measured as of the last day of the calendar quarter in which such 25th month occurs and on the last day of each calendar quarter thereafter, the ratio of Borrower’s Rental Revenue to Debt
Service for such quarter shall not be less than 2.2:1.0;]3 
 (ii) Debt to Rental
Revenue. [Commencing on the first day of the calendar quarter in which the first day of the 19th month following the Opening Date of the first store location of Borrower occurs and measured as of the last day of the calendar quarter in which
such 19th month occurs and on the last day of each calendar quarter thereafter,][On the last day of each calendar quarter] the ratio of Borrower’s Debt to Borrower’s Rental Revenue shall not exceed [__]:1.0.4 
  
  

	3 	 Note: This covenant will not apply in the case of any Borrowers who have only Term Loans.

	4 	 Note: This covenant will apply and be tested on last day of each calendar quarter and not be tied to any
Opening Date of store locations in the case of any Borrowers who have Term Loans. Covenant levels for this covenant will be established by Aaron’s or in the applicable Loan Agreement for each Borrower. 

  
 17 

 To the extent any of the financial covenants set forth above in this Section 6 are
calculated based upon the Opening Date of a store location, the financial information from store locations that have not reached the Opening Date anniversary incorporated into such covenants shall be excluded from such calculations. Debt Service and
Debt attributable to such locations and deducted from the final calculations shall be deducted on a pro rata basis calculated by dividing such stores’ aggregate Net Book Value of Merchandise by the Net Book Value of Merchandise for all store
locations. The financial covenants shall otherwise be calculated on a consolidated basis as to all store locations. 
 7. BORROWER’S
AFFIRMATIVE COVENANTS. 
 During the term of this Agreement, and thereafter for so long as there is any outstanding Loan Indebtedness to
Bank, Borrower covenants that, unless otherwise consented to by Bank in writing, it shall: 
 7.1 Financial Reports. Deliver to
Aaron’s or cause to be delivered to Aaron’s: 
 (i) on or before the last Business Day of each month, an unaudited balance sheet
and income statement accurately reflecting the financial transactions and status of Borrower as of the end of the prior month and on a year to date basis, on a consolidated and per store basis; prepared in accordance with GAAP in the format
recommended by Aaron’s; 
 (ii) on or before the last Business Day of each month after the end of each calendar quarter (a) an
unaudited balance sheet and income statement accurately reflecting the financial transactions and status of Borrower as of the end of the prior month and on a quarterly basis, on a consolidated and per store basis, prepared in accordance with GAAP
in the format recommended by Aaron’s, and (b) a compliance certificate as described below in Section 7.2; 
 (iii) within 90
days after the end of each fiscal year a balance sheet and income statement of Borrower as of the end of such year and for the fiscal year then ended, compiled by such firm of chartered accountants as may be designated by Borrower and be
satisfactory to Bank as prepared in accordance with GAAP and, to the extent delivered to Aaron’s, audited financial statements for such period; 

(iv) within 120 days after the end of each fiscal year, an annual personal financial statement of each Guarantor; and 

(v) with reasonable promptness, all reports by Borrower to its shareholders and such other information as Aaron’s or Bank may reasonably
request from time to time. 
 7.2 Compliance Certificate. Prepare and deliver to Aaron’s, to the extent Borrower has a Line of
Credit Loan, in conjunction with the quarterly financial reports required to be delivered pursuant to Section 7.1(iii) above, a quarterly compliance certificate (the form of which is attached hereto as Exhibit C),
including a Quarterly Covenant Compliance Report (the form of which is attached hereto as Exhibit D) presenting the calculation of the financial covenants set forth above in Section 6, noting any negative variances
with the covenants and explaining any such variances. 
  

  
 18 

 Borrower acknowledges that Aaron’s will review each compliance certificate and may revise the
calculations set forth on such compliance certificate to be consistent with the information shown on quarterly detailed Inventory reconciliation reports and detailed revenue reports prepared by Aaron’s each quarter showing the amount of
Inventory at each of Borrower’s stores as of the end of such quarter and the amount of monthly and quarterly revenue at each of Borrower’s stores. Borrower acknowledges that Aaron’s will forward copies of each compliance certificate,
with revised calculations as appropriate, to Bank and agrees that Bank shall be entitled to rely each such compliance certificate, as revised by Aaron’s, for purposes of determining whether the covenants set forth in Section 6 above have
been met. 
 7.3 Books and Records. Maintain its Books and Records and accounts in accordance with GAAP and permit any Person
designated by Bank or Aaron’s to visit Borrower’s premises, inspect any of the Collateral or any of the Books and Records, and to make copies thereof and take extracts therefrom, and to discuss Borrower’s financial affairs with
Borrower’s financial officers and accountants. 
 7.4 Taxes. Promptly file all tax returns and pay and discharge all taxes,
assessments, withholdings and other governmental charges imposed upon it, its income or profits, or upon any property belonging to it, prior to the date on which penalties attach thereto. 

7.5 Notices to Bank. Promptly notify Bank in writing of (i) the occurrence of any Default Condition or Event of Default;
(ii) any pending or threatened litigation claiming damages in excess of $25,000 or seeking relief that, if granted, would adversely affect the financial condition or business operations of Borrower; (iii) the release or discharge of any
Hazardous Substance on any property owned by Borrower; and (iv) any asserted violation by Borrower of or demand for compliance by Borrower with any Applicable Law. 

7.6 Compliance with Applicable Laws. Comply in all material respects with all Applicable Laws, including, without limitation, all
Environmental Laws. 
 7.7 Corporate Existence. Maintain its separate corporate existence and all rights, privileges and franchises in
connection therewith, and maintain its qualification and good standing in all jurisdictions where the failure to do so could have a Material Adverse Effect upon its financial condition or ability to collect the Accounts. 

7.8 Electronic Debit Authorizations. Execute and deliver to Bank and maintain in effect at all times a PAD Authorization authorizing
Bank to debit Borrower’s specified account at a Canadian financial institution for all payments required hereunder that are due at Set Intervals, including, without limitation, all payments of interest payable pursuant to Section 2.7, all
Asset Disposition Prepayments and other mandatory principal prepayments payable pursuant to Section 2.8 and all Commitment Fees payable pursuant to Section 2.12 and, if requested by Bank in connection with any Sporadic payment required to
be made by Borrower hereunder, a PAD Authorization in respect of such Sporadic payment, each such PAD Authorization to be executed and delivered by persons having signing authority over the bank account that is the subject of such PAD Authorization.

 8. NEGATIVE COVENANTS. 

During the term of this Agreement, and thereafter for so long as there are is Loan Indebtedness outstanding, Borrower covenants that unless
Bank has first consented thereto in writing, it will not: 
  

  
 19 

 8.1 Merger; Disposal or Moving of Collateral. Amalgamate, merge or consolidate with
or acquire any substantial portion of the assets or stock of any Person; sell, lease, transfer or otherwise dispose of all or any portion of its properties (including any of the Collateral), except sales or leases of Inventory in the ordinary course
of business; or, without having given Bank at least 60 days prior written notice and having executed such instruments and agreements as Bank shall require, change its name, adopt a French form of name, change the location of any Collateral or the
location of its chief executive office, principal place of business or the office at which it maintains its Books and Records. Notwithstanding the foregoing, to the extent that Borrower is calculating its compliance with the financial covenants set
forth in Section 6 hereof on a consolidated basis, Borrower may move Inventory from one location included in such calculation to another of Borrower’s Aaron’s locations without complying with the notice provisions hereof, as long as
such Inventory is properly transferred in the Aaron’s Proprietary System. 
 8.2 Liens. Grant or suffer to exist any Lien upon
any of the Collateral except Permitted Liens. 
 8.3 Guarantees. Guarantee, assume, endorse or otherwise become contingently liable
for any obligation or indebtedness of any Person, either directly or indirectly, exceeding $25,000 not existing as of this date, except by endorsement of items of payment for deposit or collection. 

8.4 Loans. Make loans or advances of money to or investments in any Person, or (except in the ordinary course of business and on fair
and reasonable terms) engage in any transaction with a Subsidiary or affiliate. 
 8.5 Stock of Borrower. Repurchase, or pay or
declare any dividend on, any of its capital stock; provided, however, that if no Default Condition or Event of Default exists and Borrower remains in compliance with the financial covenants set forth in Section 6 above after
giving effect thereto, it may pay dividends and make such repurchases. 
 9. EVENTS OF DEFAULT. 

9.1 List of Events of Default. The occurrence of any one or more of the following conditions or events shall constitute an
“Event of Default”: 
 (i) Borrower shall fail to pay any of the Loan Indebtedness (including any overadvance) or to repay
principal as required in connection with any Asset Disposition within ten (10) days of the due date thereof (whether due at stated maturity, on demand, upon acceleration or otherwise and including any failure to pay resulting from a dishonour
of a pre-authorized debit or a return of a pre-authorized debit initiated by Borrower); 

(ii) any warranty, representation, or other statement by Borrower herein or in any instrument, certificate or financial statement furnished in
compliance herewith proves to have been false or misleading in any material respect when made; 
 (iii) Borrower shall fail or neglect to
perform, keep or observe any covenant contained in this Agreement, any of the other Loan Documents or any other agreement now or hereafter entered into with Bank; Borrower shall fail to abide by the financial covenants set forth in Section 6
hereof, provided that Aaron’s may waive any financial covenant; 
 (iv) Borrower or any Guarantor shall fail to pay when due any amount
owed to any creditor (other than Bank) or Borrower or any Guarantor shall fail to pay or perform any liability or obligation in accordance with the terms of any agreement with Bank; 

 

  
 20 

 (v) Borrower, Aaron’s or any Guarantor shall cease to be Solvent, shall die or become
incompetent, shall suffer the appointment of a receiver, trustee, custodian or similar fiduciary, shall make an assignment for the benefit of creditors, or shall make an offer of settlement or composition to their respective unsecured creditors
generally; 
 (vi) any petition for an order for relief shall be filed by or against Borrower or any Guarantor or Aaron’s under the BIA
or the CCAA (if against Borrower or any Guarantor, the continuation of such proceeding for more than 30 days); 
 (vii) any judgment, writ of
attachment or similar process is entered or filed against Borrower or any Guarantor or any of Borrower’s or any Guarantor’s property and such judgment, writ of attachment or process is not dismissed, satisfied or vacated within ten
(10) days thereafter or (ii) results in the creation or imposition of any Lien upon any Collateral that is not a Permitted Lien; 

(viii) any Guarantor shall revoke or attempt to revoke the guaranty signed by such Guarantor or shall repudiate such Guarantor’s liability
thereunder or Aaron’s shall default in its obligations to Bank with respect to the Loan Indebtedness or repudiate its liability therefor; 

(ix) any Person, or group of Persons (whether or not related), shall have or obtain legal or beneficial ownership of a majority of the
outstanding voting securities or rights of Borrower, other than any Person, or group of Persons, that has such majority ownership on the date of execution of this Agreement; 

(x) Borrower shall lose its franchise, license or right to lease or to sell the Inventory or Borrower’s Franchise Agreement is terminated
or revoked for any reason; 
 (xi) Borrower shall fail to enter properly any acquisition of Inventory or Equipment or any Asset Disposition
on the Aaron’s Proprietary System; 
 (xii) Borrower shall use its FCTA for any use other than as explicitly authorized pursuant to this
Agreement; or 
 (xiii) Borrower shall not have in effect at all times an effective PAD Authorization in respect of the payment of all
amounts payable by it hereunder at Set Intervals or shall fail, if so requested by Lender, to execute and deliver a PAD Authorization in respect of any sporadic payment due hereunder. 

9.2 Cure Period. Borrower shall have a five (5) calendar day period after Bank gives it notice of the occurrence of an Event of
Default (other than an Event of Default pursuant to Section 9.1(vi)) above, during which it may cure such Event of Default. An Event of Default arising under Section 9.1(i)(i)) above shall only be cured by Bank’s receipt of payment in
immediately available funds by wire transfer or pre-authorized debit. 
 9.3 Advances. In no
event shall Bank have any obligation to make any Loan hereunder or an Advance pursuant to a Line of Credit Commitment hereunder if there exists a Default Condition or an Event of Default. 

10. REMEDIES. 
 All of the
Loan Indebtedness shall become immediately due and payable and the Line of Credit Commitment shall be deemed immediately terminated (without notice to or demand upon Borrower) upon the occurrence of an Event of Default under Section 9.1(vi) of
this Agreement; and upon and after the occurrence of any other Event of Default, subject to the cure period set forth in Section 9.2 hereof, Bank shall have the right to terminate immediately the Line of Credit Commitment and to declare the
entire 

  
 21 

 
unpaid principal balance of and accrued interest with respect to the Loan Indebtedness to be, and the same shall thereupon become, immediately due and payable upon receipt by Borrower of written
notice and demand. From and after the date on which the Loan Indebtedness becomes automatically due and payable or is declared by Bank to be due and payable as aforesaid, Bank shall have and may exercise from time to time any and all rights and
remedies afforded to a secured party under the PPSA or any other Applicable Law. If the Loan Indebtedness is collected by or through legal counsel, Bank shall be entitled to collect reasonable legal fees and court costs from Borrower. In addition
to, and without limiting the generality of the foregoing, Bank shall have the rights and remedies set forth in the Security Agreement and the following rights and remedies which it may exercise at any time or times (all of which rights and remedies
shall be cumulative and may be exercised singularly or concurrently): 
 (i) the right to notify any Account Debtor to make all payments
owing to Borrower directly to Bank for application to the Loan Indebtedness and to collect all amounts owing from any such Account Debtor; 

(ii) the right to sell, lease or otherwise dispose of any or all of the Collateral at public or private sale, for cash, upon credit or upon
such other terms as Bank deems advisable in its sole discretion, or otherwise to realize upon the whole or from time to time any part of the Collateral in which Bank may have a security interest. Any requirement of reasonable notice shall be met if
such notice is sent to Borrower in accordance with Section 12 hereof at least seven (7) days before the date of sale or other disposition of the Collateral. Bank may bid and be the purchaser at any such sale if permitted by Applicable Law;

 (iii) the right to require Borrower, at Borrower’s expense, to assemble the Collateral and make it available to Bank at a place
reasonably convenient to both parties (and, for purposes hereof, Borrower stipulates that Bank shall be entitled to the remedy of specific performance). Alternatively, Bank may peaceably by its own means or with judicial assistance enter
Borrower’s premises and take possession of the Collateral or dispose of the Collateral on Borrower’s premises without interference by Borrower; 

(iv) the right to incur legal fees and expenses in exercising any of the rights, remedies, powers or privileges provided hereunder, and the
right (but not the obligation) to pay, satisfy and discharge, or to bond, deposit or indemnify against, any tax or other Lien which in the opinion of Bank may in any manner or to any extent encumber any of the Collateral, all of which fees, payments
and expenses shall become part of Bank’s expenses of retaking, holding, preparing for sale and the like, and shall be added to and become a part of the principal amount of the Loan Indebtedness; 

(v) the right, in Bank’s sole discretion, to perform any agreement of Borrower hereunder which Borrower shall fail to perform and take any
other action which Bank deems necessary for the maintenance or preservation of any of the Collateral or Bank’s interest therein, and Borrower agrees forthwith to reimburse Bank for all expenses incurred in connection with the foregoing,
together with interest thereon at the Default Rate from the date incurred until the date of reimbursement; 
 (vi) the right at any time or
times, to the fullest extent permitted by Applicable Law, to set off and apply any and all deposits (general or special, time or demand) held by Bank for Borrower’s account against any of the Loan Indebtedness, irrespective of whether or not
Bank has made any demand under the this Agreement; 
 (vii) the right to apply the proceeds realized from any collection, sale, lease or
other disposition of the Collateral first to the costs, expenses and legal fees incurred by Bank for collection and for acquisition, protection, removal, storage, sale and delivery of the Collateral; secondly, to interest due upon the principal
amount of the Loan Indebtedness; and thirdly, to the principal amount of the Loan Indebtedness. If any deficiency shall arise, Borrower and Guarantors shall remain bound and liable to Bank therefor; and 

 

  
 22 

 (viii) the right to act as Borrower’s attorney in fact (and Borrower hereby irrevocably
appoints Bank as Borrower’s agent and attorney in-fact), in Borrower’s or Bank’s name, but at Borrower’s cost and expense, to receive, open and dispose of all mail addressed to Borrower
pertaining to any of the Collateral, to notify postal authorities to change the address and delivery of mail to Borrower to such address as Bank may designate, to sign Borrower’s name on any bill of lading constituting or relating to any
Collateral, to send verifications with respect to the Collateral, to execute in Borrower’s name any affidavits or notices with regard to any and all Lien rights and to do all other acts and things necessary to carry out the terms of this
Agreement or to discharge any obligation of Borrower hereunder, this power, being coupled with an interest, is to be irrevocable so long as any Loan Indebtedness is outstanding. 

11. WAIVERS. 
 Borrower
waives notice of Bank’s acceptance hereof. Borrower hereby waives any requirement on the part of Bank to post any bond or other security as a condition to Bank’s right to obtain an immediate writ of possession with respect to any
Collateral. Bank shall not be deemed to have waived any of its rights upon or remedies hereunder or any Event of Default unless such waiver be in writing and signed by Bank. No delay or omission on the part of Bank in exercising any right shall
operate as a waiver of such right or any other right. A waiver on any one occasion shall not be construed as a bar to or waiver of any right on any future occasion. 

12. NOTICES. 
 All notices
and demands to or upon a party hereto shall be in writing and shall be sent by certified or registered mail, return receipt requested, personal delivery against receipt or by telecopier or other facsimile transmission and shall be deemed to have
been validly served, given or delivered when delivered against receipt or one Business Day after deposit in the mail, postage prepaid, or, in the case of facsimile transmission, when indicated by verification receipt printed by the sending machine
as having been received at the office of the noticed party, addressed in each case as follows: 
  

			
	 If to Borrower:
	  	                                      
  
		  	Attn:
                                    
		  	                                      
  
		  	                                      
  ,                         
                        
		  	Telecopier No.:
		
	 If to Bank:
	  	Truist Bank
		  	Program Lending
		  	Attn: Aaron’s Program Manager
		  	303 Peachtree Street, N.E., 2nd Floor
		  	Mail Code 1802
		  	Atlanta, Georgia 30308
		  	Telecopier No.: (404) 724-3716

 or to such other address as each party may designate for itself by like notice given in accordance with this Section 12.
Any written notice or demand that is not sent in conformity with the provisions hereof shall nevertheless be effective on the date that such notice is actually received by the individual to whose attention such notice is to be sent as specified
above or such individual’s successor in office. 

  
 23 

 13. INDEMNIFICATION. 

Borrower hereby agrees to indemnify Bank and hold Bank harmless from and against any liability, loss, damage, suit, action or proceeding ever
suffered or incurred by Bank as the result of Borrower’s failure to observe, perform or discharge Borrower’s duties hereunder. Without limiting the generality of the foregoing, this indemnity shall extend to any claims asserted against
Bank by any Person under any environmental laws. If any taxes, fees or other charges shall be payable by Borrower or Bank on account of the execution, delivery or recording of any of the Loan Documents or any loans outstanding hereunder, Borrower
will pay (or reimburse Bank’s payment of) all such taxes, fees or other charges, including any applicable interests and penalties, and will indemnify and hold Bank harmless from and against liability in connection therewith. The indemnity
obligations of Borrower under this Section 13 shall survive the payment in full of the Loan Indebtedness. 
 14. ENTIRE AGREEMENT;
AMENDMENT. 
 This Agreement and the other Loan Documents embody the entire understanding and agreement between the parties hereto with
respect to the subject matter hereof, and this Agreement may not be modified or amended except by an agreement in writing signed by Borrower and Bank. 

15. SUCCESSORS AND ASSIGNS. 

This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns; but Borrower
shall not assign this Agreement or any right or benefit hereunder to any Person. Bank may assign its rights and obligations hereunder at any time and to any Person, including without limitation, to Aaron’s. 

16. ARBITRATION. 
 ANY
CONTROVERSY OR CLAIM ARISING OUT OF OR RELATING TO THIS AGREEMENT SHALL BE DETERMINED BY ARBITRATION IN ACCORDANCE WITH THE INTERNATIONAL ARBITRATION RULES OF THE AMERICAN ARBITRATION ASSOCIATION EXCEPT TO THE EXTENT OTHERWISE SET FORTH IN THIS
SECTION 16. THE PLACE OF ARBITRATION SHALL BE ATLANTA, GEORGIA AND THE LANGUAGE OF ARBITRATION SHALL BE ENGLISH. THE NUMBER OF ARBITRATORS SHALL BE THREE SELECTED AS FOLLOWS: WITHIN FOURTEEN (14) DAYS AFTER THE COMMENCEMENT OF ARBITRATION,
EACH PARTY WILL APPOINT ONE ARBITRATOR. THESE TWO ARBITRATORS WILL THEN NAME A PRESIDING ARBITRATOR WITHIN FOURTEEN (14) DAYS AFTER THE SELECTION OF THE PARTY APPOINTEES. EACH ARBITRATOR SHALL BE AN ATTORNEY ADMITTED BEFORE THE BAR OF ANY STATE
OF THE UNITED STATES OR THE BAR OF ANY PROVINCE OF CANADA. IF EITHER PARTY FAILS TO APPOINT AN ARBITRATOR, OR IF THE TWO ARBITRATORS DO NOT NAME A THIRD ARBITRATOR WITHIN THESE TIME PERIODS, THE INTERNATIONAL CENTRE FOR DISPUTE RESOLUTION SHALL AT
THE WRITTEN REQUEST OF EITHER PARTY COMPLETE THE APPOINTMENTS THAT HAVE NOT BEEN MADE PURSUANT TO THE INTERNATIONAL ARBITRATION RULES OF THE AMERICAN ARBITRATION ASSOCIATION. THE ARBITRATORS SHALL AWARD TO THE PREVAILING PARTY, IF ANY, AS DETERMINED
BY THE ARBITRATORS, ALL COSTS AND EXPENSES OF THE ARBITRATORS AND THE INTERNATIONAL CENTRE FOR DISPUTE RESOLUTION. ALL WITNESS TESTIMONY AT THE HEARING SHALL BE TRANSCRIBED BY A PUBLIC STENOGRAPHER OR COURT REPORTER. ALL PARTIES AGREE TO BE BOUND BY
THE RESULTS OF SUCH ARBITRATIONS; JUDGMENT UPON THE AWARD SO RENDERED MAY BE ENTERED AND ENFORCED IN ANY COURT OF COMPETENT JURISDICTION. TO THE EXTENT REASONABLY PRACTICABLE, BOTH PARTIES AGREE TO CONTINUE PERFORMING THEIR RESPECTIVE OBLIGATIONS
UNDER THIS AGREEMENT WHILE THE DISPUTE IS BEING RESOLVED. 
  

  
 24 

 17. MISCELLANEOUS. 

Time is of the essence of this Agreement. Bank reserves the right to participate, sell or assign the Loans made hereunder and provide any
participant or assignee all information in Bank’s possession regarding Borrower, its business and the Collateral. Borrower shall reimburse Bank for Bank’s
out-of-pocket expenses and for the fees and expenses and disbursements of Bank’s counsel in connection with the negotiation, documentation and closing of the
transactions contemplated hereby, and Borrower will pay all expenses incurred by Borrower in connection with the transactions. The Section headings are for convenience only and shall not limit or otherwise affect any of the terms hereof. THIS
AGREEMENT AND ALL RIGHTS AND OBLIGATIONS HEREUNDER, INCLUDING MATTERS OF CONSTRUCTION, VALIDITY AND PERFORMANCE, SHALL BE GOVERNED BY THE INTERNAL LAWS OF THE STATE OF GEORGIA (WITHOUT REGARD TO THE LAWS OF CONFLICTS THEREOF) AND IS INTENDED TO TAKE
EFFECT AS A SEALED INSTRUMENT. 
 18. RELATIONS WITH AARON’S. 

Borrower recognizes and acknowledges that Bank has made the Loans available to Borrower hereunder at the behest of and as an accommodation to
Aaron’s. Accordingly, Borrower agrees that from time to time Bank may release to Aaron’s such information about Borrower and the Loans as Aaron’s may request, and Bank may condition its agreement to any waiver, modification or
amendment on the prior written consent of Aaron’s. Borrower further agrees that upon the occurrence of an Event of Default hereunder, Bank may notify Aaron’s of such Event of Default prior to notifying Borrower thereof, and Bank shall not
be liable to Borrower for failure to give simultaneous notice to Borrower. Borrower further agrees that Bank shall not be liable to Borrower as a result of any information or document obtained by Bank regarding Borrower which is shared by Bank with
Aaron’s. 

  
 25 

 WITNESS the hand and seal of the parties hereto on the date first above written. 

Accepted in Atlanta, Georgia: 
  

			
	BORROWER:
	          

	          

	          

	
	BANK:
	
	TRUIST BANK:
		
	By:	 	          

	Name:
	Title:

  
 26 

 EXHIBIT A-1 

FORM OF 
 LINE
OF CREDIT NOTE 
  

					
	Closing Date: [Closing Date]	  		  	
$                       
         
 Atlanta, Georgia

 FOR VALUE RECEIVED, the undersigned, _________________ (the “Borrower”), promises to pay to
the order of TRUIST BANK, a North Carolina banking corporation (the “Bank”), at Bank’s principal office in Charlotte, North Carolina, or at such other place as the holder hereof may designate by notice in writing to Borrower,
in immediately available funds in lawful money of Canada, on _________________________, (the “Maturity Date”, as such date may be extended from time to time, for an additional 364 day period unless either party terminates the Loan as set
forth in Section 2.6 of the Loan Agreement), the lesser of (x) the principal sum of the Line of Credit Commitment: _________________ ($_________________), or (y) so much principal thereof as shall have been from time to time disbursed
hereunder in accordance with that certain Loan Agreement, dated as of [___________], by and between Borrower and Bank (as amended, restated, modified or supplemented from time to time, the “Agreement”) and not theretofore repaid, as shown
on the records of Bank. 
 In addition to principal, Borrower agrees to pay interest on the principal amounts disbursed hereunder at a
floating rate of interest equal to the Prime Rate plus an additional _________________________, from time to time, upon such dates as provided for in the Agreement. Interest shall accrue on the outstanding principal balance from the date hereof up
to and through the date on which all principal and interest hereunder is paid in full, and shall be computed on the basis of the actual number of days elapsed in a year of 360 days. Such interest is to be paid to Bank at its address set forth above
or as otherwise provided in the Agreement. For informational purposes, as of the date hereof the Prime Rate in effect is __________% per annum, thus producing an initial interest rate under the Agreement on such date of ___________% per annum and,
when adjusted for a year of 365 days, an initial simple interest rate of _____________% per annum. Any principal amount due under this Line of Credit Note (the “Note”) that is not paid on the due date therefor whether on the
Maturity Date, or resulting from the acceleration of maturity upon the occurrence of an Event of Default (as defined in the Agreement), shall bear interest from the date due until payment in full at the Default Rate, as such term is defined in the
Agreement. 
 This Note evidences a loan incurred pursuant to the terms and conditions of the Agreement to which reference is hereby made
for a full and complete description of such terms and conditions, including, without limitation, provisions for the acceleration of the maturity hereof upon the existence or occurrence of certain conditions or events, and the terms of any permitted
prepayments hereof. All capitalized terms used in this Note shall have the same meanings as set forth in the Agreement. 
 Upon the
existence or occurrence of any Event of Default, the principal and all accrued interest hereof shall automatically become, or may be declared, due and payable in the manner and with the effect provided in the Agreement. In addition, this Note is
subject to mandatory prepayment upon the terms and conditions of the Agreement. 
 Bank shall at all times have a right of set off against
any deposit balances of Borrower in the possession of Bank and Bank may apply the same against payment of this Note or any other indebtedness of Borrower to Bank. The payment of any indebtedness evidenced by this Note prior to the Maturity Date

 
shall not affect the enforceability of this Note as to any future, different or other indebtedness incurred hereunder by Borrower. In the event the indebtedness evidenced by this Note is
collected by legal action or through legal counsel, Bank shall be entitled to recover from Borrower all costs of collection, including, without limitation, reasonable legal fees if collected by or through legal counsel. 

Borrower acknowledges that the actual crediting of the amount of any disbursement under the Agreement to an account of Borrower or recording
such amount in the records of Bank shall, in the absence of manifest error, constitute presumptive evidence of such disbursement and that such Advance was made and borrowed under the Agreement. Such account records shall constitute, in the absence
of manifest error, presumptive evidence of principal amounts outstanding and the payments made under the Agreement at any time and from time to time, provided, however, that the failure of Bank to record in such account the type or
amount of any Advance shall not affect the obligation of the undersigned to repay such amount together with interest thereon in accordance with this Note and the Agreement. 

For the purposes of this Note, whenever interest to be paid hereunder is to be calculated on the basis of 360 days or any other period of time
that is less than a calendar year, the yearly rate of interest to which the rate determined pursuant to such calculation is equivalent is the rate so determined multiplied by the actual number of days in the calendar year in which the same is to be
ascertained and divided by 360 or such other number of days in such period, as the case may be. 
 Failure or forbearance of Bank to
exercise any right hereunder, or otherwise granted by the Agreement or by law, shall not affect or release the liability of Borrower hereunder, and shall not constitute a waiver of such right unless so stated by Bank in writing. THIS NOTE AND THE
RIGHTS AND OBLIGATIONS HEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH AND BE GOVERNED BY THE LAW (WITHOUT GIVING EFFECT TO THE CONFLICT OF LAW PRINCIPLES THEREOF) OF THE STATE OF GEORGIA. TIME IS OF THE ESSENCE OF THIS NOTE. 

PRESENTMENT FOR PAYMENT, NOTICE OF DISHONOR AND PROTEST ARE HEREBY WAIVED. 

Executed under hand and seal of Borrower as of the day and year first above written. 

 
  

 
  

 

  
 2 

 EXHIBIT A-2 

FORM OF 
 TERM
NOTE 
  

					
	Closing Date: [Closing Date]	  		  	
$                       
         
 Atlanta, Georgia

 FOR VALUE RECEIVED, the undersigned, _________________ (the “Borrower”), promises to pay to
the order of TRUIST BANK, a North Carolina banking corporation (the “Bank”), at Bank’s principal office in Charlotte, North Carolina, or at such other place as the holder hereof may designate by notice in writing to Borrower,
in immediately available funds in lawful money of Canada, _____________________ ($_______________). Repayment will be in _____ consecutive equal monthly installments of principal in the amount of $_____________ based on a ________month amortization
plus accrued and unpaid interest and shall be due and payable on each Payment Date, with the first installment being due and payable on ________________, and the remaining outstanding principal balance, together with all accumulated unpaid interest
shall be due and payable on _________________________, (the “Maturity Date”). 
 In addition to principal, Borrower agrees to pay
interest on the principal amounts disbursed hereunder at a floating rate of interest equal to the Prime Rate plus an additional _________________________, from time to time, upon such dates as provided for in that certain Loan Agreement dated as of
[____________], by and between Borrower and Bank (as amended, restated, modified or supplemented from time to time, the “Agreement”). Interest shall accrue on the outstanding principal balance from the date hereof up to and through the
date on which all principal and interest hereunder is paid in full, and shall be computed on the basis of the actual number of days elapsed in a year of 360 days. Such interest is to be paid to Bank at its address set forth above or as otherwise
provided in the Agreement. For informational purposes, as of the date hereof the Prime Rate in effect is __________% per annum, thus producing an initial interest rate under the Agreement on such date of ___________ % per annum and, when adjusted
for a year of 365 days, an initial simple interest rate of _____________% per annum. Any principal amount due under this Term Note (the “Note”) that is not paid on the due date therefor whether on the due date, or resulting from the
acceleration of maturity upon the occurrence of an Event of Default (as defined in the Agreement), shall bear interest from the date due until payment in full at the Default Rate, as such term is defined in the Agreement. 

This Note evidences a loan incurred pursuant to the terms and conditions of the Agreement to which reference is hereby made for a full and
complete description of such terms and conditions, including, without limitation, provisions for the acceleration of the maturity hereof upon the existence or occurrence of certain conditions or events, and the terms of any permitted prepayments
hereof. All capitalized terms used in this Note shall have the same meanings as set forth in the Agreement. 
 Upon the existence or
occurrence of any Event of Default, the principal and all accrued interest hereof shall automatically become, or may be declared, due and payable in the manner and with the effect provided in the Agreement. In addition, this Note is subject to
mandatory prepayment upon the terms and conditions of the Agreement. 
 Bank shall at all times have a right of set off against any deposit
balances of Borrower in the possession of Bank and Bank may apply the same against payment of this Note or any other indebtedness of Borrower to Bank, irrespective of whether or not Bank has made any demand under the Agreement. The payment of any
indebtedness evidenced by this Note prior to the Maturity Date shall not affect the enforceability of this Note as to any future, different or other indebtedness incurred hereunder by Borrower. In the event the indebtedness evidenced by this Note is
collected by legal action or through legal counsel, Bank shall be entitled to recover from Borrower all costs of collection, including, without limitation, reasonable legal fees if collected by or through legal counsel. 

 

 Borrower acknowledges that the actual crediting of the amount of any disbursement under the
Agreement to an account of Borrower or recording such amount in the records of Bank shall, in the absence of manifest error, constitute presumptive evidence of such disbursement. Such account records shall constitute, in the absence of manifest
error, presumptive evidence of principal amounts outstanding and the payments made under the Agreement at any time and from time to time, provided, however, that the failure of Bank to record in such account the type or amount of any
advance shall not affect the obligation of the undersigned to repay such amount together with interest thereon in accordance with this Note and the Agreement. 

For the purposes of this Note, whenever interest to be paid hereunder is to be calculated on the basis of 360 days or any other period of
time that is less than a calendar year, the yearly rate of interest to which the rate determined pursuant to such calculation is equivalent is the rate so determined multiplied by the actual number of days in the calendar year in which the same is
to be ascertained and divided by 360 or such other number of days in such period, as the case may be. 
 Failure or forbearance of Bank to
exercise any right hereunder, or otherwise granted by the Agreement or by law, shall not affect or release the liability of Borrower hereunder, and shall not constitute a waiver of such right unless so stated by Bank in writing. THIS NOTE AND THE
RIGHTS AND OBLIGATIONS HEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH AND BE GOVERNED BY THE LAW (WITHOUT GIVING EFFECT TO THE CONFLICT OF LAW PRINCIPLES THEREOF) OF THE STATE OF GEORGIA. TIME IS OF THE ESSENCE OF THIS NOTE. 

PRESENTMENT FOR PAYMENT, NOTICE OF DISHONOR AND PROTEST ARE HEREBY WAIVED. 

Executed under hand and seal of Borrower as of the day and year first above written. 

 
  

 
  

 
  

  
 2 

 EXHIBIT B 

Permitted Liens 

The following described Liens are Permitted Liens (if none, so state): 

 

					
	Name of Lien Holder	  	Date of Recording	  	Collateral

 Trade Names and Styles 

The following are the only trade names or trade styles ever used by Borrower (if none, so state): 

Subsidiaries 
 The
following are all of the subsidiaries owned by Borrower (if none, so state): 
 Business Locations 

The following are all of the locations where Borrower has an office or other place of business or owns assets: 

 EXHIBIT C 

COMPLIANCE CERTIFICATE OF BORROWER 

(Pursuant to Section 7.2 of Loan Agreement dated __________________) 

__________________ (the “Borrower”) HEREBY CERTIFIES that: 

This Compliance Certificate is furnished pursuant to the Loan Agreement (the “Agreement”) dated __________________ by and
between Borrower and TRUIST BANK (“Bank”). Unless otherwise defined herein, the terms used in this Report have the meanings given to them in this Agreement. 

The figures and information for determining compliance by Borrower with the financial covenants set forth in the Quarterly Covenant Compliance Report attached
hereto have been prepared based upon the financial reports accompanied hereby and both the Quarterly Covenant Compliance Report and such financial reports are true and complete as of the date hereof. 

The activities of Borrower during the preceding quarter have been reviewed by the president or other authorized officer or the employees or agents under his
immediate supervision. Based on such review, to the best knowledge and belief of the president or other authorized officer, and as of the date of this Certificate, Borrower has performed and observed each and every covenant contained in the
Agreement to be performed by it, and no Event of Default or Default Condition exists, except for the following: 
 Please describe or indicate
“None” if none exist: 
  
  

 
  
  

 
 Borrower has properly and accurately reported all
Asset Dispositions pursuant to Section 2.10 of the Agreement. 
 WITNESS my hand this _______ day of ______________________, _______.

 EXHIBIT D 

QUARTERLY COVENANT COMPLIANCE REPORT 

(Section 6 - Financial Covenants) 
 Test
Borrower                               

For Quarter Ending:                      

With respect to the financial covenants set forth below which are calculated based upon the Opening Date of a store location, the financial
information from store locations that have not reached the Opening Date anniversary incorporated into such covenants shall be excluded from such calculations. [Debt Service and] Debt attributable to such locations and deducted from the final
calculations shall be deducted on a pro rata basis calculated by dividing such stores’ aggregate Net Book Value of Merchandise by the Net Book Value of Merchandise for all store locations. The financial covenants shall otherwise be calculated
on a consolidated basis as to all store locations. 
  

					
	I.	  	Rental Revenue to Debt Service
			
	A.	  	Enter amount of quarterly Rental Revenue.	  	$                                      
               
			
	B.	  	Enter amount of quarterly Rental Revenue attributable to store locations open less than 25 months.	  	$                                     
                
			
	C.	  	Subtract B from A.	  	$                                      
               
			
	D.	  	Enter amount of quarter’s Debt Service.	  	$                                      
               
			
	E.	  	Enter amount of quarter’s Debt Service attributable to store locations open less than 25 months.	  	$                                     
                
			
	F.	  	Subtract E from D.	  	$                                      
               
			
		  	 Ratio of C:F.
	  	                                      
                  
			
		  	 STANDARD --- Ratio not less than ---
	  	2.2: 1.0
		
	Compliance        Yes        ☐        No        
☐	  	
			
	II.	  	Debt to Rental Revenue	  	
			
	A.	  	Enter amount of Debt.	  	$                                      
               
		
	B.   [Enter amount of Debt attributable to store locations open less than 19 months.]	  	$                                      
               
			
	C.	  	[Subtract B from A.	  	$                                      
               ]

					
		
	D. Enter Amount of last quarter’s Rental Revenue.	  	$                                      
               
		
	E. [Enter amount of last quarter’s Rental Income attributable to store locations open less than 19 months.	  	$                                     
                ]
			
	 F.
	  	[Subtract E from D.	  	$                                     
                5
			
		  	 Ratio of C : F.
	  	                                     
                 
			
		  	 STANDARD
	  	[  ]:1.0                                  
          
		
	 Compliance
?        Yes        ☐        No        ☐
	  	

 Note: All terms are those used in generally accepted accounting practices unless specifically defined in the Agreement. 

 

	5 	 Note: This covenant will apply and be tested on last day of each calendar quarter, and not be tied to any
Opening Date of store locations in the case of any Borrowers who have Term Loans. In which case, the bracketed portions of this Debt to Rental Revenue covenant will not be applicable. Covenant levels for this covenant will be established by
Aaron’s or in the applicable Loan Agreement for each Borrower. 

  
 2 

 EXHIBIT E 

FORM OF SECURITY AGREEMENT 

THIS AGREEMENT is made as of •, 20• 

BETWEEN 
 •, a [corporation][limited
partnership][partnership] [incorporated/formed] under the laws of [the Province of •][Canada] (the “Debtor”), 
 - and
- 
 TRUIST BANK, a North Carolina banking corporation (the “Secured Party”). 

WHEREAS the Debtor has entered into the Loan Agreement with the Secured Party pursuant to which certain credit facilities will be extended to
the Debtor; 
 AND WHEREAS the Debtor has agreed to grant a security interest and assignment, mortgage and charge in the Collateral to the
Secured Party in order to secure the performance of its Obligations; 
 NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration of the
covenants and agreements herein contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: 

ARTICLE 1 - INTERPRETATION 
 1.1
Interpretation. In this Agreement, unless something in the subject matter or context is inconsistent therewith, capitalized terms used and not otherwise defined in this Agreement have the meanings given to them in the Loan agreement and: 

“Agreement” means this agreement, including its recitals and schedules, as amended from time to time. 

“Collateral” has the meaning set out in Section 2.1. 

“Loan Agreement” means the loan agreement made as of •, 20• between the Debtor and the Secured Party as amended from time to time.

 “Event of Default” means any of the events described as “events of default” in the Loan Agreement. 

“Obligations” means all obligations and liabilities of any kind whatsoever of the Debtor to the Secured Party in connection with or relating
to the Loan Agreement, including all debts and liabilities, present or future, direct or indirect, absolute or contingent, matured or not, whenever, wherever and however incurred, in any currency at any time owing by the Debtor to the Secured Party
or remaining unpaid by the Debtor to the Secured Party and whether the same is from time to time reduced and thereafter increased or entirely extinguished and thereafter incurred again, whether incurred by the Debtor alone or with another or others
and whether as principal or surety or otherwise, including all interest, commissions, legal and other costs, charges and expenses. 

 The terms “accessions”, “accounts”, “chattel paper”,
“documents of title”, “goods”, “instruments”, “intangibles”, “inventory”, “money”, “proceeds” and “securities” whenever used herein have the meanings given to those
terms in the Personal Property Security Act currently in effect in the province referred to in Section 5.13 below. 
  

1.2 Headings. The division of this Agreement into Articles and Sections and the insertion of headings are for convenience of reference only and do not
affect the construction or interpretation of this Agreement. The terms “hereof”, “hereunder” and similar expressions refer to this Agreement and not to any particular Article, Section or other portion hereof. Unless something in
the subject matter or context is inconsistent therewith, references herein to Articles and Sections are to Articles and Sections of this Agreement. 
 1.3
Extended Meanings. In this Agreement words importing the singular number only include the plural and vice versa, words importing any gender include all genders and words importing persons include individuals, corporations, limited and
unlimited liability companies, general and limited partnerships, associations, trusts, unincorporated organizations, joint ventures and governmental authorities. The term “including” means “including without limiting the generality of
the foregoing”. The inclusion of reference to Permitted Liens in the Loan Agreement or herein, by reference or otherwise, is not intended to subordinate, and will not subordinate, the security granted hereunder to any such Permitted Lien. 

ARTICLE II - GRANT OF SECURITY INTEREST 
 2.1
Security Interest. As general and continuing security for the payment and performance of all Obligations, the Debtor hereby grants to the Secured Party a security interest in all of the Debtor’s present and after-acquired undertaking and
property, both real and personal including, without limitation, all Lease Contracts (collectively, the “Collateral”), and, as further general and continuing security for the payment and performance of the Obligations, the Debtor
hereby also assigns the Collateral (other than trademarks) to the Secured Party and mortgages and charges the Collateral as and by way of a fixed and specific mortgage and charge to the Secured Party. 

2.2 Attachment of Security Interest. The Debtor acknowledges that value has been given and agrees that the security interest granted hereby attaches
upon the execution of this Agreement by the Debtor (or, in the case of any after-acquired property, at the time of acquisition by the Debtor of any rights therein). 

2.3 Real Property. The assignment, mortgage and charge granted hereby will not extend to the last day of the term of any lease or agreement relating to
real property, but the Debtor will hold such last day in trust for the Secured Party and, upon the enforcement by the Secured Party of its security, will assign such last day as directed by the Secured Party. 

ARTICLE III - DEALING WITH COLLATERAL 
 3.1
Dealing with Collateral by the Debtor. The Debtor must not sell, lease or otherwise dispose of any of the Collateral without the prior written consent of the Secured Party, except that the Debtor may, until an Event of Default occurs, deal
with its money or rent, lease or sell items of Inventory in the ordinary course of its business so that the purchaser thereof takes title thereto free and clear of the security interest, assignment and mortgage and charge granted hereby, but all
proceeds of any such sale will continue to be subject to the security granted hereby. Upon the occurrence of an Event of Default and the exercise by the Secured Party of any of its rights and remedies under Section 4.1, all money received by
the Debtor will be held by the Debtor in trust for the Secured Party and must be held separate and apart from other money of the Debtor and paid over to the Secured Party on request. 

  
 2 

 3.2 Rights and Duties of the Secured Party. The Secured Party may perform any of its rights and
duties hereunder by or through agents and is entitled to retain counsel and to act in reliance upon the advice of such counsel concerning all matters pertaining to its rights and duties hereunder. 

ARTICLE IV - REMEDIES 
 4.1 Consequences of a
Default. On or after the occurrence of any Event of Default that has not been either cured or waived, at the option of the Secured Party, (a) any or all of the Obligations not yet payable will become immediately payable, without
presentment, protest, notice of protest or notice of dishonour, all of which are expressly waived; (b) the obligation, if any, of the Secured Party to extend further credit to the Debtor will cease; and (c) the security granted hereby will
become immediately enforceable. 
 4.2 Remedies. In addition to any right or remedy otherwise provided herein or by law, on or after the occurrence of
any Event of Default that has not been either cured or waived, the Secured Party will have the rights and remedies set out in the Loan Agreement and those rights and remedies set forth below, all of which may be enforced successively or
concurrently: 
 (a) the Secured Party may take possession of the Collateral and require the Debtor to assemble the Collateral and deliver or
make the Collateral available to the Secured Party at such places as may be specified by the Secured Party, and neither the Secured Party nor any Receiver will be or be deemed to be a mortgagee in possession by virtue of any such actions; 

(b) the Secured Party may take such steps as it considers desirable to maintain, preserve or protect the Collateral; 

(c) the Secured Party may carry on, or concur in the carrying on of, all or any part of the business of the Debtor; 

(d) the Secured Party may have, exercise or enforce any rights of the Debtor in respect of the Collateral; 

(e) the Secured Party may sell, lease or otherwise dispose of the Collateral at public auction, by private tender, by private sale or otherwise
either for cash or upon credit, upon such terms and conditions as the Secured Party may determine and without notice to the Debtor unless required by law; 

(f) the Secured Party may accept all or any part of the Collateral in total or partial satisfaction of the Obligations in the manner provided
by law; 
 (g) the Secured Party may, for any purpose specified herein, including for the maintenance, preservation or protection of any
Collateral or for carrying on any of the business or undertaking of the Debtor, borrow money on the security of the Collateral, which security will rank in priority to the security granted hereby; 

(h) the Secured Party may occupy and use all or any of the premises, buildings and plants occupied by the Debtor and use all or any of the
Equipment and other property of the Debtor for such time as the Secured Party requires to facilitate the realization of the Collateral, free of charge and the Secured Party will not be liable for any rent, charges, depreciation or damages in
connection with such actions, nor will the Secured Party or any Receiver be or be deemed to be a mortgagee in possession by virtue of any such actions; 

  
 3 

 (i) the Secured Party may appoint a receiver or receiver and manager (each herein referred
to as the “Receiver”) of the whole or any part of the Collateral and may remove or replace such Receiver from time to time or may institute proceedings in any court of competent jurisdiction for the appointment of a Receiver of the
Collateral; 
 (j) the Secured Party may discharge any claim, lien, mortgage, charge, security interest, encumbrance or any rights of others
that may exist or be threatened against the Collateral, and in every such case the amounts so paid together with costs, charges and expenses incurred in connection therewith will be added to the Obligations. 

4.3 Powers of the Receiver. Any Receiver will have all of the rights and powers that the Secured Party is entitled to exercise pursuant to
Section 4.3 but the Secured Party will not be in any way responsible for any misconduct or negligence of any such Receiver. 
 4.4 Liability of
Secured Party. The Secured Party will not be liable or responsible for any failure to seize, collect, realize, or obtain payment with respect to the Collateral and is not bound to institute proceedings or to take other steps for the purpose of
seizing, collecting, realizing or obtaining possession or payment with respect to the Collateral or for the purpose of preserving any rights of the Secured Party, the Debtor or any other person in respect of the Collateral. In the exercise of its
rights and the performance of its obligations, the Secured Party will only be liable for gross negligence or wilful misconduct. 
 4.5 Proceeds of
Realization. The Secured Party may apply any proceeds of realization of the Collateral to payment of costs, fees and expenses, including those related to the realization of the Collateral, and the Secured Party may apply any balance to payment
of all other Obligations in such order as the Secured Party sees fit. If there is any surplus remaining, the Secured Party may pay it to any person entitled thereto by law of whom the Secured Party has knowledge and any balance remaining may be paid
to the Debtor. If the realization of the Collateral fails to satisfy the Obligations, the Debtor will be liable to pay any deficiency to the Secured Party. 

4.6 Waivers by Debtor. The Secured Party may (a) grant extensions of time, (b) take and perfect or abstain from taking and perfecting
security, (c) give up any security, (d) accept compositions or compromises, (e) grant releases and discharges, and (f) otherwise waive rights against the Debtor, debtors of the Debtor, guarantors and others and with respect to
the Collateral and other security as the Secured Party sees fit. No such action or omission will reduce the Obligations or affect the Secured Party’s rights hereunder. 

ARTICLE V - GENERAL 
 5.1 Appointment of
Consultant. The Secured Party will be entitled to an appoint a consultant to provide such services and advice as the Secured Party may determine in its sole discretion, with power to enter the Debtor’s premises, to inspect and evaluate the
Collateral, to make copies of the Debtor’s records, to review the Debtor’s business plans and projections, to assess the conduct and viability of the Debtor’s business, to prepare reports on the Debtor’s affairs and to distribute
such reports to the Secured Party or to other such persons as the Secured Party may direct. Such consultant will act as an agent for the Secured Party and will owe no duty to the Debtor. The consultant is to have no managerial or advisory capacity
and will have no decision making responsibility. The Debtor authorizes the Secured Party to provide confidential information to the consultant. All fees and expenses in connection with the engagement of a consultant are payable by the Debtor to the
Secured Party. 

  
 4 

 5.2 Waivers of Legal Limitations. To the fullest extent permitted by law, the Debtor waives all of
the rights, benefits and protections that is given by the provisions of any law that imposes limitations upon the powers, rights or remedies of a secured party, including any law that limits the rights of a secured party to both seize Collateral and
sue for any deficiency following realization of Collateral. Without limitation, the Debtor (if a corporation) agrees that the Limitation of Civil Rights Act and Part IV of the Saskatchewan Farm Securities Act of the
Province of Saskatchewan will not apply to this agreement or any of the rights, remedies or powers of the Secured Party or any Receiver hereunder. 
 5.3
Benefit of the Agreement. This Agreement will enure to the benefit of and be binding upon the respective successors and permitted assigns of the parties. 

5.4 Entire Agreement. This Agreement has been entered into pursuant to the provisions of the Loan Agreement and is subject to all the terms and
conditions thereof and, if there is any conflict or inconsistency between the provisions of this Agreement and the provisions of the Loan Agreement, the rights and obligations of the parties will be governed by the provisions of the Loan Agreement.
This Agreement cancels and supersedes any prior understandings and agreements between the parties with respect thereto. There are no representations, warranties, terms, conditions, undertakings or collateral agreements, express, implied or
statutory, between the Secured Party and the Debtor with respect to the subject matter hereof except as expressly set forth herein or in the Loan Agreement. 

5.5 Amendments and Waivers. No amendment to this Agreement will be valid or binding unless set forth in writing and duly executed by all of the
parties. No waiver of any breach of any provision of this Agreement will be effective or binding unless made in writing and signed by the party purporting to give the same and, unless otherwise provided, will be limited to the specific breach
waived. 
 5.6 Assignment. The rights of the Secured Party under this Agreement may be assigned by the Secured Party without the prior consent of the
Debtor. The Debtor may not assign its obligations under this Agreement. 
 5.7 Severability. If any provision of this Agreement is determined by any
court of competent jurisdiction to be illegal or unenforceable, that provision will be severed from this Agreement and the remaining provisions will continue in full force and effect so long as the economic or legal substance of the transactions
contemplated hereby is not affected in any manner materially adverse to either of the parties. 
 5.8 Notices. Any demand, notice or other
communication to be given in connection with this Agreement must be given in accordance with the Loan Agreement 
 5.9 Remedies Cumulative; Additional
Continuing Security. The rights and remedies of the Secured Party hereunder are cumulative and are in addition to and not in substitution for any other security now or hereafter held by the Secured Party or any other rights or remedies available
at law or in equity or otherwise. No single or partial exercise by the Secured Party of any right or remedy precludes or otherwise affects the exercise of any other right or remedy to which the Secured Party may be entitled. This Agreement is a
continuing agreement and security that will remain in full force and effect until discharged by the Secured Party. 
 5.10 Further Assurances. Each
of the Debtor and the Secured Party will from time to time execute and deliver all such further documents and instruments, including financing statements and schedules, and do all acts and things as the other party may reasonably require to
effectively carry out or better evidence or perfect the security granted hereby and the full intent and meaning of this Agreement. 

  
 5 

 5.11 Power of Attorney. The Debtor hereby irrevocably appoints any officer for the time being of the
Secured Party the true and lawful attorney of the Debtor upon the occurrence of an Event of Default that is continuing, with full power of substitution, to do all things and execute and deliver all such documents and instruments, including financing
statements and schedules, as are referred to in Section 5.9 above, with the right to use the name of the Debtor whenever and wherever the officer may deem necessary or expedient and from time to time to exercise all rights and powers and to
perform all acts of ownership in respect to the Collateral in accordance with this Agreement. 
 5.12 Discharge. The Debtor will be entitled to a
discharge of this Agreement and termination of any and all commitments under the Loan Agreement or under any other Loan Document upon written request by the Debtor and full and irrevocable payment, performance and satisfaction of the Obligations. No
discharge will be effective unless in writing and executed by the Secured Party. 
 5.13 Governing Law. This Agreement is governed by and will be
construed in accordance with the laws of the Province of • and the laws of Canada applicable therein. 
 5.14 Copy of Documents and Consent to
Filings. The Debtor acknowledges having received a fully executed copy of this Agreement and, to the extent permitted by applicable law, waives all rights to receive from the Secured Party a copy of any financing statement, financing change
statement, or verification statement, filed or issued at any time in respect of this Agreement. The Debtor confirms its consent to the filing by the Secured Party or on its behalf of any financing statement or financing change statement filed or
issued at any time in respect of this Agreement. 
 IN WITNESS WHEREOF the parties have executed this Agreement. 

 

					
	 DEBTOR
	  		  	●
		  	 Per:
  
	  	
	  
 Date of
Execution
	  		  	  
 Name:

		  		  	Title:
		  		  	c/s
			
		  		  	  
 Name:

		  		  	Title:

  
 6 

					
	SECURED PARTY:	  		  	TRUIST BANK
		  	 Per:
  
	  	
	  
 Date of
Execution
	  		  	  
 Name:

		  		  	Title:
		  		  	c/s
			
		  		  	  
 Name:

		  		  	Title:

  
 7 

 EXHIBIT F 

FORM OF PAYOR’S PAD AGREEMENT 

Business Pre-Authorized Debit Plan* - 

Authorization of the Payor to the Payee to Direct Debit an Account 

Instructions: 
  

	1.	 Please complete all sections in order to instruct your financial institution to make payments directly from
your account. 

  

	2.	 Please sign the Terms and Conditions that are part of this document. 

 

	3.	 Return the completed form with a blank cheque marked “VOID” to the Payee at the address noted below.

  

	4.	 If you have any questions, please write or call the Payee. 

PAYOR INFORMATION (Please type or print clearly) 

Payor Name: 
  

 
 Address: 

 
  

Telephone: 
  

 
 Name(s) of Authorized Signing Officer(s): 

 
  

			
	 Signature(s) of Authorized Signing Officer(s):

 
	  	 Date:
  

 PAYOR FINANCIAL INSTITUTION/BANKING INFORMATION (Please type or print clearly) 

 

					
	 Branch Number
  
	  	 Institution #
  
	  	 Account Number
  

	Name of Financial Institution
	  

Branch

	  
 Branch Address

 

	 City/Province
  
	  	 Postal Code
  

 PAYEE INFORMATION (Please type or print clearly) 

Payee Name: 
  

 
 Address: 

Number, Street/Avenue/Blvd/Crsc/ City/Province/Postal Code 
  

 
 Telephone: 

Fax: 
 Email: 

 
  

PAYMENT INFORMATION (Please type or print clearly) 
  

			
	 Please specify whether the payment is a:

(Please check one)
	  	 ☐   Fixed Amount: (Please specify)

	  	 ☐   Variable Amount: If variable, please specify whether there is a
maximum amount or indicate N/A if there is no maximum amount:             

		
	 Occurring at:
 (Please check
one)
	  	 ☐   Set intervals: Please specify the timing (i.e. weekly, bi-weekly, monthly)

	  	 Sporadic intervals
  

The Payor must describe the occurrence of an Event or other criteria that will trigger the debit of the account

☐   Mandatory description here: _________________

		
	 Are top-ups or adjustments permissible?

(Please check one)
	  	 ☐   Yes

	  	 ☐   No

  

	*	 This form is for PADs which relate to commercial activities of a Payor who is a corporation, organization,
trade, association, government entity, profession, venture or enterprise. 

  
 2 

 PAYOR’S PAD AGREEMENT 

Business Pre-Authorized Debit Plan 

Terms & Conditions 
  

			
		 	 1.  In this Agreement “we”, “us” and “our” refers to the
Payor indicated on page 1.

		
		 	 2.  We agree to participate in this Business
Pre-Authorized Debit Plan and we authorize the Payee indicated on page 1 and any successor or assign of the Payee to draw a debit in paper, electronic or other form for the purpose of making payment for goods
or services related to our commercial activities (a “Business PAD”) on our account indicated on the page 1 (the “Account”) at the financial institution indicated on page 1 (the “Financial Institution”) and we authorize
the Financial Institution to honour and pay such debits.
  
 This
Agreement and our authorization are provided for the benefit of the Payee and our Financial Institution and are provided in consideration of our Financial Institution agreeing to process debits against our Account in accordance with the Rules of the
Canadian Payments Association.
  
 We agree that any direction we
may provide to draw a Business PAD, and any Business PAD drawn in accordance with this Agreement, shall be binding on us as if signed by us, and, in the case of paper debits, as if they were cheques signed by us.

		
		 	 3.  We may revoke or cancel this Agreement at any time upon notice being provided by us
either in writing or orally. We acknowledge that in order to revoke or cancel the authorization provided in this Agreement, we must provide notice of revocation or cancellation to the Payee.

 
 This Agreement applies only to the method of payment and we agree
that revocation or cancellation of this Agreement does not terminate or otherwise have any bearing on any contract that exists between us and the Payee.
  

The Payee shall use best efforts to cancel the Business PAD in the next business, billing or processing cycle but shall within not more
than 30 days from the notice cease to issue any new Business PADs.
  

We understand that we may obtain a sample cancellation form, or further information on our right to cancel a PAD Agreement, at our
financial institution or at www.cdnpay.ca.

		
		 	 4.  We agree that our Financial Institution is not required to verify that any
Business PAD has been drawn in accordance with this Agreement, including the amount, frequency and fulfillment of any purpose of any Business PAD.

		
		 	 5.  We agree that delivery of this Agreement to the Payee constitutes delivery by us
to our Financial Institution. We agree that the Payee may deliver this Agreement to the Payee’s financial institution and agree to the disclosure of any information which may be contained in this Agreement to such financial
institution.

		
	Delete either 6(a) or 6(b) as applicable	 	 6.  (a) We understand that with respect to:

 
 (i) fixed amount Business PADs occurring at
set intervals, we shall receive written notice from the Payee of the amount to be debited and the due date(s) of debiting, at least 10 calendar days before the first Business PAD, and such notice shall be received every time there is a change in the
amount or payment date(s), except as provided in clause (iii) below;
  

(ii)  variable amount Business PADs occurring at set intervals, we shall receive written notice from the
Payee of the amount to be debited and the due date(s) of debiting, at least 10 calendar days before the due date of every Business PAD, except as provided in clause (iii) below; and

 
 (iii)  fixed amount and variable
amount Business PADs occurring at set intervals, where the Business PAD Plan provides for a change in the amount of such fixed and variable amount PADs as a result of our direct action (such as, but not limited to, a telephone instruction)
requesting the Payee to change the amount of a PAD, no pre-notification of such changes is required.

			
		
		 	- OR -
		
	If Payor agrees to waive pre-notification, Payor must sign where indicated	 	 (b) We agree to waive the pre-notification requirements in section 6(a) of this Agreement.

 

__________________________             _______________________________

Signature of
Payor                                   Signature of
Payor                                

		
		 	 7.  We agree that with respect to Business PADs, where the payment frequency is
sporadic, an authorization given using a password or secret code or other signature equivalent that is issued to us shall constitute a valid authorization for the Payee or its agent to debit our account.

		
		 	 8.  We may dispute a Business PAD by providing a signed declaration to our Financial
Institution under the following conditions:
  

(a)   the Business PAD was not drawn in accordance with this Agreement;

 
 (b)   this Agreement was
revoked or cancelled; or
  

(c)   any pre-notification required and not waived by
section 6(b) was not received by us.
  
 We acknowledge that, in
order to obtain reimbursement from our Financial Institution for the amount of a disputed Business PAD, we must sign a declaration to the effect that either (a), (b) or (c) above took place and present it to our Financial Institution up to and
including but not later than ten (10) business days after the date on which the disputed Business PAD was posted to our Account.
  

We acknowledge that, after this ten (10) business day period, we shall resolve any dispute regarding a Business PAD solely with the
Payee, and that our Financial Institution shall have no liability to us respecting any such Business PAD.

		
		 	 9.  We certify that all information provided with respect to the Account is accurate
and we agree to inform the Payee, in writing, of any change in the Account information provided in this Agreement at least ten (10) business days prior to the next due date of a Paper and/or Electronic Business PAD. In the event of any such
change, this Agreement shall continue in respect of any new account to be used for Business PADs.

		
		 	 10.  We have certain recourse/reimbursement rights if any debit does not comply with
this Agreement. For example, we have the right to receive reimbursement for any debit that is not authorized or is not consistent with this PAD Agreement. To obtain more information on our recourse/reimbursement rights, we may contact our financial
institution or visit the CPA website at www.cdnpay.ca.

		
		 	 11.  We warrant and guarantee that all persons whose signatures are required to sign
on the Account have signed this Agreement below. In addition we warrant and guarantee, where applicable, that we have the authority to electronically agree to commit to this Agreement by secure electronic signature and that our secure electronic
signature conforms with the requirements of Rule H1.

		
	If Payee intends to use a payment provider must include statement	 	 12.  We agree that a payment service provider will administer the PAD.

 
 [INSERT NAME] will be administering the PAD.

		
		 	 13   We understand and agree to the foregoing terms and
conditions.

  
 2 

			
		
		 	 14.  We agree to comply with the Rules of the Canadian Payments Association, or any
other rules or regulations which may affect the services described herein, as may be introduced in the future or are currently in effect and we agree to execute any further documentation which may be prescribed from time to time by the Canadian
Payments Association in respect of the services described herein.

		
		 	 15.  Applicable to the Province of Quebec only: It is the express wish of the
parties that this Agreement and any related documents be drawn up and executed in English. Les parties conviennent que la présente convention et tous les documents s’y rattachant soient rédigés et signés en
anglais.

  

							
	              
	  	Per:	 	              
	  	
                 

	Name of Payor	  		 	 Signature of Authorized Signing Officer

Name:
 Title:
	  	Date
		  	Per:	 	
                 
	  	
                 

		  		 	 Signature of Authorized Signing Officer

Name:
 Title:
	  	Date

  
 3 

 EXHIBIT C 

TO 
 LOAN
FACILITY AGREEMENT 
 AND GUARANTY 

FORM OF LOAN AND SECURITY AGREEMENT 

THIS LOAN AND SECURITY AGREEMENT (this “Agreement”) dated as of _______________, is made between _________________
(“Borrower”), and TRUIST BANK (“Bank”), a North Carolina banking corporation having its principal office in Charlotte, North Carolina. 

W I T N E S S E T H: 

WHEREAS, Borrower engages in the business of leasing and selling furniture, electronics, appliances, and other household goods and is a
franchisee of Aaron’s, LLC, a Georgia limited liability company formerly known as Aaron’s, Inc. (“Aaron’s”); 

WHEREAS, Borrower has requested and Bank has agreed to provide financing to Borrower; 

WHEREAS, Borrower and Bank wish to enter into this Agreement to set forth the terms and conditions of Bank’s establishment of a credit
facility for Borrower; 
 THEREFORE, upon the terms and conditions hereinafter stated, and in consideration of the mutual premises set forth
above and other adequate consideration, the receipt and sufficiency of which is hereby acknowledged, the parties, intending to be legally bound, hereby agree as follows: 

1. DEFINITIONS AND RULES OF CONSTRUCTION 

1.1. As used in this Agreement, the following terms shall have the meanings set forth below (terms defined in the singular to have the same
meaning when used in the plural and vice versa): 
 “Aaron’s Proprietary System” shall mean Aaron’s proprietary
point of sale software system, as modified from time to time, used by Aaron’s and its franchisees, such as Borrower. 

“Account” means any right of Borrower to payment for goods sold or leased or for services rendered which is not evidenced by
an Instrument or Chattel Paper, whether or not earned by performance. 
 “Account Debtor” means any Person who is liable on
an Account. 
 “Advance” shall mean an advance of funds by Bank on behalf of Borrower pursuant to the Line of Credit Note
or Revolving Note executed by Borrower. 
 “Agreement” means this Loan and Security Agreement and all exhibits, riders and
schedules at any time executed by the parties and made a part hereof by reference, either as originally executed or as hereafter amended, restated, modified or supplemented from time to time. 

“Anti-Corruption Laws” shall mean all laws, rules, and regulations of any jurisdiction applicable to Borrower and its
Subsidiaries from time to time concerning or relating to bribery or corruption. 

 “Applicable Law” means all laws, rules and regulations applicable to the
Person, conduct, transaction, covenant or Loan Documents in question, including, without limitation, all applicable law and equitable principles; all provisions of all applicable state and federal constitutions, statutes, rules, regulations and
orders of governmental bodies; and all orders, judgments and decrees of all courts and arbitrators. 
 “Approved Invoice”
means an invoice for the aggregate purchase price of Merchandise purchased by Borrower with a purchase order approved by Aaron’s. 

“Asset Disposition” shall mean (i) all sales of Merchandise; (ii) all Merchandise which is determined to have been
stolen; (iii) all Merchandise that is destroyed, lost or otherwise removed from the premises of Borrower other than pursuant to a Lease Contract or by outright sale or for repair work; and (iv) all “skipped” Merchandise which is
Merchandise subject to a Lease Contract. 
 “Asset Disposition Prepayment” shall have the meaning set forth in
Section 2.12(b) hereof. 
 “Balances” means all monies and funds of Borrower at any time on deposit with Bank. 

“Bank” shall mean Truist Bank and its successors and assigns. 

“Bankruptcy Code” means the Bankruptcy Reform Act of 1978, as may be amended from time to time. 

“Books and Records” means all of Borrower’s books and records evidencing or relating to its business, financial
condition or the Collateral, including, but not limited to, all customer lists, ledgers, invoices, purchase orders, financial statements, computer tapes and disks. 

“Borrowing Base” shall mean, on any date of determination, an amount equal to [____] multiplied by Rental Revenue for the
most recently ended three calendar months. 
 “Borrowing Base Report” shall have the meaning set forth in
Section 2.5(iv) hereof. 
 “Business Day” shall mean any day other than a Saturday, Sunday or a day on which
commercial banks in Charlotte, North Carolina are authorized by law to close. 
 “Chattel Paper” shall have the meaning
ascribed to it in the Code. 
 “Closing Date” shall mean for (i) the Revolving Commitment, the date set forth in the
Revolving Note on which all Loan Documents have been executed and delivered and the conditions precedent to funding the loan have been satisfied, (ii) the Term Loan, the date set forth in the Term Note on which all Loan Documents have been
executed and delivered and the conditions precedent to funding the loan have been satisfied and (iii) the Line of Credit Commitment, the date set forth in the Line of Credit Note on which all Loan Documents have been executed and delivered and
the conditions precedent to funding the loan have been satisfied. 
 “Closing Fee” shall have the meaning given to such
term in Section 2.13 hereof. 
 “Code” means the Uniform Commercial Code as in effect from time to time in the State
of Georgia. 
 “Collateral” shall have the meaning given to such term in Section 3.1 hereof. 

  
 2 

 “Collateral Agreement” means an agreement executed by Borrower and any
other Persons primarily or secondarily liable for all or part of the Loans or granting a security interest to Bank in specified Collateral as security for the Loans, including without limitation, this Agreement and any Guaranties. 

“Commitment Fee” shall have the meaning set forth in Section 2.14 hereof. 

“DDA Account” shall mean Borrower’s Demand Deposit Account into which Bank shall deposit the Advances for the purpose of
(i) paying, by means of ACH transfer, Approved Invoices arising from purchases of Merchandise from a supplier, including any freight charges to the extent Aaron’s consents thereto and (ii) paying, to Borrower’s own account upon
the consent of Aaron’s, state use taxes associated therewith. 
 “Debt” means (i) indebtedness for borrowed money
or for the deferred purchase price of property or services (other than trade accounts payable on customary terms in the ordinary course of business), (ii) financial obligations evidenced by bonds, debentures, notes or other similar instruments,
(iii) financial obligations as lessee under leases which shall have been or should be, in accordance with GAAP, recorded as capital leases, and (iv) obligations under direct or indirect guaranties in respect of, and obligations (contingent
or otherwise) to purchase or otherwise acquire, or otherwise to assure a creditor against loss in respect of, indebtedness or financial obligations of others of the kinds referred to in clauses (i) through (iii) above. 

“Debt Service” shall mean, for any particular period, the total required payments of principal (excluding any payments of
principal required to be made as a result of any Asset Disposition), interest and fees made by Borrower with respect to its Debt (other than Debt of the Borrower which is subordinated to the Loan Indebtedness owing to the Bank pursuant to a
subordination agreement in form and substance satisfactory to the Bank) during such period to the extent that such Debt arises pursuant to this Agreement or any other financing arrangement with respect to Merchandise. 

“Default Condition” means the occurrence of any event which, after satisfaction of any requirement for the giving of notice
or the lapse of time, or both, would become an Event of Default. 
 “Default Rate” means the annual percentage interest
rate applied to the principal of the Loans not paid when due under the terms of the applicable Loan Documents, which rate shall equal the sum of two percent (2%) per annum plus the Floating Rate. 

“Delinquent Payment Fee” shall have the meaning given to such term in Section 2.15 hereof. 

“Documents” shall have the meaning ascribed to it in the Code. 

“Environment” means navigable waters, waters of the contiguous zone, ocean waters, natural resources, surface waters, ground
water, drinking water supply, land surface, subsurface strata, ambient air, both inside and outside of buildings and structures. 

“Environmental Laws” means federal, state, local and foreign laws, principles of common law, regulations and codes, as well
as orders, decrees, judgments or injunctions issued, promulgated, approved or entered thereunder relating to pollution, protection of the environment or public health and safety, including, but not limited to the release or threatened release of
Hazardous Substances into the Environment or otherwise relating to the presence, manufacture, processing, distribution, use, treatment, storage, disposal, transport or handling of Hazardous Substances. 

  
 3 

 “Equipment” means all machinery, equipment, furniture, fixtures, motor
vehicles and other tangible personal property (other than Inventory) of Borrower, including, but not limited to, all items described on the Equipment Schedule (if attached) and all substitutions and replacements thereof. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended. 

“Event of Default” shall have the meaning given to such term in Section 9 hereof. 

“Floating Rate” means a rate of interest per annum equal to the Prime Rate plus an additional [four and three-quarters]
percent ([4.75%]5) per annum, such rate to change as and when the Prime Rate changes. 

“Franchise Agreement” means the written agreement between Aaron’s and Borrower whereby Borrower is authorized to
establish an “Aaron’s” franchise. 
 “GAAP” means generally accepted accounting principles in the United
States, consistently applied. 
 “General Intangibles” shall have the meaning ascribed to it in the Code and shall include,
without limitation, all of Borrower’s tax refund claims, patents, copyrights, licenses, trademarks, trade names, service marks, patent applications and choses in action. 

“Guarantor” means each Person who now or hereafter guarantees payment of the whole or any part of the Loan Indebtedness. 

“Guaranty” means any guaranty agreement executed by each of the partners, shareholders, and where not prohibited by law, the
spouses of such persons, of Borrower, or such other Persons as may be required by the Bank, in favor of the Bank with respect to the obligations of Borrower with respect to the Loans in the form provided by the Bank, as the same may be amended,
restated or supplemented from time to time. 
 “Hazardous Substances” means any waste, pollutant, hazardous substance,
toxic substance, hazardous waste, special waste, industrial substance or waste, petroleum or petroleum-derived substance or waste, or any constituent of any such substance or waste, including without limitation, any such substance regulated under or
defined by any Environmental Law. 
 “Instrument” shall have the meaning ascribed to it in the Code. 

“Inventory” means all inventory of Borrower, including, without limitation, all raw materials,
work-in-process, finished goods, goods being leased pursuant to Lease Contracts, and other goods held by Borrower for sale or lease or furnished under contracts of
service. 
 “Investment Property” shall have the meaning ascribed to it in the Code. 

“Lease Contract” means a contract between Borrower and a customer to lease Merchandise in the form approved by Aaron’s
(and which may include purchase options). 
 “Lien” means any interest in property securing an obligation, whether such
interest is based on the common law, statute or contract, including, without limitation, a security interest, lien or security title arising from a security agreement, mortgage, security deed, trust deed, pledge or condition sale, or a lease,
consignment or bailment for security purposes. 
  

	5 	 Note: This interest rate shall be as designated by Aaron’s in the applicable loan Funding Approval Notice.

  
 4 

 “Line of Credit Commitment” means the committed line of credit facility
established by the Bank in favor of Borrower in the amount set forth in the Line of Credit Note and upon the terms described in this Agreement. 

“Line of Credit Loan” means a loan or an advance made by the Bank to the Borrower under its Line of Credit Commitment. 

“Line of Credit Note” means a note executed by Borrower in favor of Bank, substantially in the form of
Exhibit A-1 attached hereto in the committed principal amount of the Bank’s Line of Credit Commitment evidencing the obligation of the Borrower to repay its Line of Credit
Loans. 
 “Loan Account” means the internal bank loan account established by the Bank for Borrower. 

“Loan Documents” means this Agreement, the Notes, the Collateral Agreements, any other documents relating to the Loans
delivered by Borrower or any guarantor or surety thereof to the Bank and any amendments thereto. 
 “Loan Indebtedness”
means all amounts due and payable by Borrower under the terms of the Loan Documents with respect to the Loans made thereunder, including, without limitation, outstanding principal, accrued interest, any late charges, and all reasonable costs and
expenses of any legal proceeding brought by the Bank to collect any of the foregoing (including without limitation, reasonable attorneys’ fees). 

“Loans” means the Line of Credit Loans, Revolving Loans or Term Loans. 

“Loan Term” shall have the meaning set forth in Section 2.8 hereof. 

“Maturity Date” shall mean for (i) the Revolving Commitment, the date set forth in the Revolving Note, (ii) the
Term Loan, the date set forth in the Term Note and (iii) the Line of Credit Commitment, the date set forth in the Line of Credit Note. 

“Merchandise” means goods distributed or sold to Borrower through Aaron’s. 

“Net Book Value” means, for any item of Merchandise, the cost of such Merchandise less accumulated depreciation as
calculated in accordance with the Aaron’s Proprietary System. 
 “Note” means the Line of Credit Note, the Revolving
Note, or the Term Note, as the case may be. 
 “OFAC” shall mean the U.S. Department of the Treasury’s Office of
Foreign Assets Control. 
 “Opening Date” shall mean with respect to each store location, the date determined by
Aaron’s to be the opening date of such location in accordance with its standard practice, as notified to the Bank. 
 “Payment
Date” shall mean the last day of each calendar month; provided, however, if such day is not a Business Day, the next succeeding Business Day. 

“Permitted Liens” means Liens in favor of Bank or Aaron’s; Liens for taxes not yet due or payable; statutory Liens
securing the claims of materialmen, mechanics, carriers and landlords for labor, materials, supplies or leases incurred in the ordinary course of Borrower’s business, but only if payment thereof is not at the time required and such Liens are at
all times junior in priority to the Liens in favor of Bank; Liens shown on Exhibit B (if any); and Liens hereafter consented to by Bank in writing. 

  
 5 

 “Person” means a corporation, an association, partnership, an organization,
a business, a business trust, a limited liability company, an individual, a government or political subdivision thereof or a governmental agency. 

“Prime Rate” means the per annum rate of interest designated from time to time by the Bank to be its prime rate, with any
change in the rate of interest resulting from a change in the Prime Rate to be effective as of the opening of business of the Bank on the day of such change. The prime rate is one of several reference rates used by the Bank and the Bank makes loans
at rates both higher and lower than the Prime Rate. 
 “Quarterly Covenant Compliance Report” shall mean that Quarterly
Covenant Compliance Report substantially in the form of Exhibit D attached hereto. 
 “Rental
Revenue” means, for any period, the gross revenues of Borrower from leases to the public of Borrower’s furniture inventory, computer, electronics, appliances and lease equipment including, without limitation, all customer deposits,
advance lease payments, waiver fees, late fees, delivery fees, nonsufficient fund fees, reinstatement fees, but excluding all retail sales proceeds and sales taxes. 

“Revolving Commitment” means the committed revolving facility established by the Bank in favor of Borrower in the amount set
forth in the Revolving Note and upon the terms described in this Agreement. 
 “Revolving Loan” means a loan or an advance
made by the Bank to the Borrower under its Revolving Commitment. 
 “Revolving Note” means a note executed by Borrower in
favor of Bank, substantially in the form of Exhibit A-2 attached hereto, in the committed principal amount of the Bank’s Revolving Commitment evidencing the obligation of the
Borrower to repay its Revolving Loans. 
 “Sanctioned Country” shall mean, at any time, a country or territory that is, or
whose government is, the subject or target of any Sanctions. 
 “Sanctioned Person” shall mean, at any time, (i) any
Person listed in any Sanctions-related list of designated Persons maintained by OFAC, the U.S. Department of State, the United Nations Security Council, the European Union or any EU member state, (ii) any Person located, organized or resident
in a Sanctioned Country or (iii) any Person controlled by any such Person. 
 “Sanctions” shall mean economic or
financial sanctions or trade embargoes administered or enforced from time to time by (i) the U.S. government, including those administered by OFAC or the U.S. Department of State or (ii) the United Nations Security Council, the European
Union or Her Majesty’s Treasury of the United Kingdom. 
 “Solvent” means, as to any Person, such Person (i) is
able to pay, and does pay, its debts as they mature and (ii) has a positive tangible net worth determined in accordance with GAAP. 

“Spousal Consent” shall mean any agreement provided by the spouse of any Person executing a Guaranty to the extent such
spouse has not personally executed a Guaranty, to be substantially in the form provided by the Bank. 

  
 6 

 “Subsidiary” means any corporation or other entity of which securities or
other ownership interests having ordinary voting power to elect a majority of the board of directors or other persons performing similar functions are at the time directly or indirectly owned by Borrower. 

“Term Loan” shall mean a single loan made by the Bank to the Borrower in an amount not to exceed the Term Loan Commitment.

 “Term Loan Commitment” shall mean the obligation of the Bank to make a Term Loan in favor of Borrower in the
amount set forth in the Term Note and upon the terms described in this Agreement. 
 “Term Note” means a note executed by
Borrower in favor of Bank, substantially in the form of Exhibit A-3 attached hereto in the committed principal amount of the Bank’s Term Loan Commitment evidencing the
obligation of the Borrower to repay its Term Loan. 
 1.2. Accounting Terms and Determination. Accounting terms used in this Agreement
such as “amortization,” “depreciation,” “interest expense,” and “tangible net worth” shall have the meaning normally given them by, and shall be calculated (both as to amounts and classification of items) in
accordance with, GAAP. Any pronoun used herein shall be deemed to cover all genders. All references to statutes and related regulations shall include any amendments of same and any successor statutes and regulations, and all references to any
instruments or agreements, including, without limitation, references to any of the Loan Documents, shall include any and all modifications or amendments thereto and any and all extensions or renewals thereof. 

2. LOAN; USE OF PROCEEDS. 
 2.1.
Establishment of DDA Account; Loan Account. 
 (a) Prior to the Closing Date, Bank shall establish a DDA Account for Borrower. 

(b) Prior to the Closing Date, Bank shall also establish on its books an internal loan account in Borrower’s name (the “Loan
Account”) in which Bank shall record, in accordance with customary accounting practice, all charges, expenses and other items properly chargeable to Borrower; all payments made by Borrower on account of indebtedness evidenced by the Loan
Account; all proceeds of Collateral which are finally paid to Bank at its office in cash or solvent credits; and other appropriate debits and credits. The debit balance of the Loan Account shall reflect the amount of Borrower’s Loan
Indebtedness from time to time by reason of the Loans and other appropriate charges hereunder. At least once each month, Bank shall render a statement of account for the Loan Account, which statement shall be considered correct, and accepted by and
conclusively binding upon Borrower, unless Borrower notifies Bank to the contrary within thirty (30) days after Bank’s sending of said statement to Borrower. 

2.2. Establishment of Line of Credit Loan. Any Line of Credit Commitment now or hereafter committed to by Bank pursuant to which
Borrower shall execute and deliver to Bank a Line of Credit Note shall be governed by and issued pursuant to the provisions, terms and conditions set forth herein. 

2.3. Line of Credit Advances. 

(i) Upon Borrower’s execution of this Agreement and a Line of Credit Note and compliance with the terms of this Agreement, and subject to
Bank’s confirmation if requested by Aaron’s that Bank has a first priority security interest in the Collateral, Bank shall notify Borrower that Borrower may request Advances pursuant to the Line of Credit Commitment. Bank shall make such
Advances into the DDA Account (or, with the written consent of Aaron’s, such other account for which wiring instructions 

  
 7 

 
have been provided to the Bank) for the sole purposes of (x) honoring requests from Borrower, made through the Aaron’s Proprietary System, for ACH transfers (or such other method
approved in writing by Aaron’s) to suppliers of Merchandise in payment of Approved Invoices, including any freight charges to the extent Aaron’s consents thereto, or with Aaron’s consent, to Borrower’s own account for the payment
of sales use taxes or (y) honoring requests from any Borrower for Advances made via ACH transfers to an operating account or other location specified by such Borrower (and granted a vendor identification number by Aaron’s) and, to the
extent permitted by Aaron’s, for working capital and for other purposes to the extent approved by Aaron’s. The maximum principal amount of Advances under the Line of Credit Commitment at any time outstanding shall not exceed the committed
amount of the Line of Credit Commitment. Each Advance shall be in the amount of not less than $500. 
 (ii) Borrower shall submit purchase
order requests for Merchandise to Aaron’s from time to time. In the event that the purchase order is authorized pursuant to the Franchise Agreement, Aaron’s will prepare the purchase order and submit the same to the appropriate supplier
requested by Borrower. The supplier will be instructed to ship all Merchandise directly to Borrower and Borrower will be responsible for (i) inspecting all Merchandise and resolving all disputes regarding the Merchandise with such supplier and
(ii) paying all freight and other shipping and/or insurance charges arising in connection therewith with funds other than Loan proceeds, unless otherwise agreed by Aaron’s. The supplier will invoice Borrower for such Merchandise in
accordance with normal industry practice. When Borrower wishes to pay such invoice, Borrower, subject to availability of the Line of Credit Commitment, shall pay such invoice by directing the Bank, through the Aaron’s Proprietary System, to pay
such invoice by means of an ACH transfer from its DDA Account (or such other method approved in writing by Aaron’s). Any directions for ACH transfers correctly inputted into the Aaron’s Proprietary System prior to 12:00 Midnight
(Charlotte, North Carolina time) on any Business Day, shall be paid by the Bank no later than the third Business Day thereafter, unless Borrower is otherwise notified by Aaron’s or the Bank. 

(iii) Upon receipt of the request for an ACH transfer (provided that such request relates to an Approved Invoice), the Bank shall honor such
request by making an Advance pursuant to the Line of Credit Commitment in the amount of such request into the Borrower’s DDA Account (or, with the written consent of Aaron’s, such other account for which wiring instructions have been
provided to the Bank) and automatically forwarding such amount to the supplier by means of an ACH transfer in accordance with the instructions of Borrower (or such other method approved in writing by Aaron’s). Upon receipt of any request to
deposit funds into an account in the name of Borrower and receipt of Aaron’s approval thereof, the Bank shall honor such request by making an Advance pursuant to the Line of Credit Commitment in the amount of such request into the
Borrower’s DDA Account or, with the written consent of Aaron’s, such other account for which wiring instructions have been provided to the Bank) and automatically forwarding such amount to such account of the Borrower by means of an ACH
transfer in accordance with the instructions of Borrower (or such other method approved in writing by Aaron’s). In the event that a request for an ACH transfer is presented for payment and Borrower’s availability pursuant to the Line of
Credit Commitment is insufficient to honor such request, the Bank may, but shall have no obligation to, make such overadvance, which shall be an Advance for all purposes hereunder, but shall be due and payable upon demand. At the end of each
calendar month, Bank shall provide Borrower with a monthly DDA Account statement in the form customarily used by Bank for its commercial customers and a loan account statement. 

(iv) The aggregate amount of Advances made to the Borrower during such month shall be amortized into eighteen (18) or twenty-four (24) (as
designated by Aaron’s in writing from time to time) equal payments of principal due and payable on the next succeeding Payment Dates; provided that, in the event that the Bank terminates the Line of Credit Commitment as provided in
Section 2.8 below, all outstanding amounts shall be due and payable on the 24th Payment Date following such termination. 

  
 8 

 2.4. Establishment of Revolving Loan. Any Revolving Commitment now or hereafter
committed to by Bank pursuant to which Borrower shall execute and deliver to Bank a Revolving Note shall be governed by and issued pursuant to the provisions, terms and conditions set forth herein. 

2.5. Revolving Advances. 

(i) Upon Borrower’s execution of this Agreement and a Revolving Note and compliance with the terms of this Agreement and subject to
Bank’s confirmation if requested by Aaron’s that Bank has a first priority security interest in the Collateral, Bank shall notify Borrower that Borrower may request Advances pursuant to the Revolving Commitment. Bank shall make such
Advances into the DDA Account (or, with the written consent of Aaron’s, such other account for which wiring instructions have been provided to the Bank) solely for the purposes specified in Section 2.3. The maximum principal amount of
Advances under the Revolving Commitment at any time outstanding shall not exceed the lesser of (A) the committed amount of the Revolving Commitment and (B) the sum of the Borrowing Base minus the outstanding principal amount of the Term
Loan, as most recently reported by Aaron’s to Bank pursuant to Section 2.5(iv) hereof (such lesser amount herein referred to as the “Revolver Availability”). Each Advance shall be in the amount of not less than $500. 

(ii) Borrower shall submit purchase order requests for Merchandise to Aaron’s. In the event that the purchase order is authorized pursuant
to the Franchise Agreement, Aaron’s will prepare the purchase order and submit the same to the appropriate supplier requested by Borrower. The supplier will be instructed to ship all Merchandise directly to Borrower and Borrower will be
responsible for (i) inspecting all Merchandise and resolving all disputes regarding the Merchandise with such supplier and (ii) paying all freight and other shipping and/or insurance charges arising in connection therewith with funds other
than Loan proceeds, unless otherwise agreed by Aaron’s. The supplier will invoice Borrower for such Merchandise in accordance with normal industry practice. When Borrower wishes to pay such invoice, Borrower, subject to the Revolver
Availability, shall pay such invoice by directing the Bank, through the Aaron’s Proprietary System, to pay such invoice by means of an ACH transfer from its DDA Account (or such other method approved in writing by Aaron’s). Any directions
for ACH transfers correctly inputted into the Aaron’s Proprietary System prior to 12:00 Midnight (Charlotte, North Carolina time) on any Business Day, shall be paid by the Bank no later than the third Business Day thereafter, unless Borrower is
otherwise notified by Aaron’s or the Bank. 
 (iii) Upon receipt of the request for an ACH transfer (provided that such request relates
to an Approved Invoice), the Bank shall honor such request by making an Advance pursuant to the Revolving Commitment in the amount of such request into the Borrower’s DDA Account (or, with the written consent of Aaron’s, such other account
for which wiring instructions have been provided to the Bank) and automatically forwarding such amount to the supplier by means of an ACH transfer in accordance with the instructions of Borrower (or such other method approved in writing by
Aaron’s). Upon receipt of any request to deposit funds into an account in the name of Borrower and receipt of Aaron’s approval thereof, the Bank shall honor such request by making an Advance pursuant to the Revolving Commitment in the
amount of such request into the Borrower’s DDA Account (or, with the written consent of Aaron’s, such other account for which wiring instructions have been provided to the Bank) and automatically forwarding such amount to such account of
the Borrower by means of an ACH transfer in accordance with the instructions of Borrower (or such other method approved in writing by Aaron’s). In the event that a request for an ACH transfer is presented for payment and Borrower’s
availability pursuant to the Revolving Commitment is insufficient to honor such request, the Bank may, but shall have no obligation to, make such overadvance, which shall be an Advance for all purposes hereunder, but shall be due and payable upon
demand. At the end of each calendar month, Bank shall provide Borrower with a monthly DDA Account statement in the form customarily used by Bank for its commercial customers and a loan account statement. 

  
 9 

 (iv) On the fifth Business Day of each month, for Borrowers with a Revolving Loan (as
determined on the last day of the preceding calendar month), Aaron’s shall calculate the Borrowing Base and report the same to Bank in writing (the “Borrowing Base Report”), and Bank shall be entitled to rely conclusively upon such
information. Upon receipt of the Borrowing Base Report, Bank shall input such information into Bank’s loan records to be effective as of the date which is two Business Days after receipt of such information. On the 15th day of each calendar month, Bank shall mail to Borrower a bill setting forth the total amount of principal (to the extent that the aggregate outstanding principal amount of the Revolving Loans
exceeds the lesser of the Revolving Commitment or the Borrowing Base as set forth in the most recent Borrowing Base Report) and interest due on the next Payment Date which bill shall be considered correct, and accepted by and conclusively binding
upon Borrower, unless Borrower notifies Bank to the contrary within thirty (30) days after Bank’s sending of said bill to Borrower. In addition, Bank, on the date which is two Business Days after receipt of the Borrowing Base Report from
Aaron’s, shall notify Borrower in writing (including facsimile) of the new Borrowing Base for Borrower and shall require that Borrower repay on the next Payment Date any additional Advances made since the date of the preparation of the
statement for such Payment Date if necessary to avoid any overadvance as of such date and such amount (in addition to any amounts set forth in the bill to Borrower) shall be due and payable on the next Payment Date. 

2.6. Term Loan. Any Term Loan Commitment now or hereafter committed to by Bank pursuant to which Borrower shall execute and deliver to
Bank a Term Note shall be governed by and issued pursuant to the provisions, terms and conditions set forth herein. Upon Borrower’s execution of this Agreement and a Term Note and compliance with the terms of this Agreement and subject to
Bank’s confirmation if requested by Aaron’s that Bank has a first priority security interest in the Collateral, Bank may make a Term Loan to the Borrower in a principal amount not to exceed the Term Loan Commitment; provided, that
if for any reason the full amount of the Bank’s Term Loan Commitment is not fully drawn on the Closing Date, the undrawn portion thereof shall automatically be cancelled. 

2.7. Repayment. 
 (i)
Line of Credit Loans. Payments of principal and interest with respect to Line of Credit Loans shall be due and payable by Borrower to Bank on each Payment Date and subject to the provisions of Section 2.8 below, on the Maturity Date for
the Line of Credit Commitment, unless sooner accelerated in accordance with the terms hereof. 
 (ii) Revolving Loans. Payments of
principal for Revolving Loans shall be due and payable by Borrower to Bank, subject to the provisions of Section 2.10(b) below, on the Maturity Date for the Revolving Commitment, unless sooner accelerated in accordance with the terms hereof.

 (iii) Term Loans. Payments of principal for Term Loans shall be due and payable by Borrower to Bank in installments payable on the
dates set forth in the Term Note, provided, that, to the extent not previously paid, the aggregate unpaid principal balance of the Term Loans shall be due and payable on the Maturity Date for the Term Loan. 

(iv) Except as provided below, all payments of principal of, or interest on, the Loan Documents (including Asset Disposition Prepayments) and
all other sums due under the terms of the Loan shall be made in either (x) immediately available funds (including ACH transfers), or (y) checks or money orders made payable to the Bank at its principal office in Charlotte, North Carolina
in accordance with written instructions provided by the Bank. All voluntary prepayments of the Loan shall be made to the Bank at its Program Lending Department in Atlanta, Georgia using preprinted envelopes provided by the Bank for such purpose or,
if such envelopes are unavailable, mailed to the following address: 

  
 10 

 Aaron’s Program Manager 

Truist Bank 
 Program Lending

 303 Peachtree Street, N.E., 2nd Floor 

Mail Code 1802 
 Atlanta,
Georgia 30308 
 2.8. Loan Term; Voluntary Termination. 

(i) The original term of the Line of Credit Commitment shall be for a period of one year from the Closing Date (the “Loan Term”).
Thereafter, the Loan Term shall automatically be extended on each anniversary of the Closing Date for an additional one year period unless either party terminates the Loan as set forth hereunder. Upon ninety (90) days prior written notice to
the Borrower, the Bank may, at its option, terminate the Line of Credit Commitment. Upon written notice to the Bank, the Borrower may, at its option, terminate the Line of Credit Commitment. Bank may also terminate the Line of Credit Commitment
pursuant to Section 10 hereof. Upon the effective date of a termination of the Line of Credit Commitment effected by Borrower, the principal of and all accrued but unpaid interest on the Loan Indebtedness shall be forthwith due and payable, but
all of the duties and covenants of Borrower hereunder, and all rights, remedies and privileges of Bank under this Agreement and Bank’s security interest in the Collateral, shall continue in full force and effect until all of the Loan
Indebtedness is fully and finally paid. In the event Bank elects to terminate, (i) Bank shall continue to make Advances until the effective date of the termination and (ii) Advances outstanding at the effective date of the termination
shall be repaid according to an eighteen (18) month amortization schedule or a twenty-four (24) month amortization schedule provided above, provided that, notwithstanding the foregoing all outstanding Loan Indebtedness shall be due and
payable in full on the 24th Payment Date following termination of the Line of Credit Commitment by the Bank. Nothing set forth in this Section 2.8 shall be deemed to limit the ability of the Bank to declare all amounts outstanding under the
Note immediately due and payable upon the occurrence of an Event of Default hereunder as provided herein. 
 (ii) The Revolving Commitment
and the Term Loan shall terminate on the Maturity Date for the Revolving Commitment and the Term Loan set forth in the Revolving Note and the Term Note, as the case may be, which date shall be no more than four years from the Closing Date, subject
to Section 10 hereof. Upon the termination of the Revolving Commitment or the Term Loan, the principal of and all accrued but unpaid interest on the Loan Indebtedness shall be forthwith due and payable, but all of the duties and covenants of
Borrower hereunder, and all rights, remedies and privileges of Bank under this Agreement and Bank’s security interest in the Collateral, shall continue in full force and effect until all of the Loan Indebtedness is fully and finally paid. 

2.9. Interest. 
 (a) From
and after the date hereof, interest shall accrue on the unpaid principal amount of the Loan Indebtedness at the Floating Rate. Interest shall be calculated daily and shall be computed on the basis of actual days elapsed over the period of a 360 day
year. Interest shall be payable in arrears on each Payment Date and on the Maturity Date, whether due to acceleration or otherwise. Any principal amount outstanding pursuant to a Loan not paid when due shall bear interest at the Default Rate, which
shall be payable upon demand. After the occurrence of an Event of Default and during the continuance thereof, the outstanding principal balance of the Loans shall bear interest at the Default Rate, which shall be payable upon demand. 

  
 11 

 (b) In no contingency or event whatsoever shall the amount paid or agreed to be paid to Bank
for the use, forbearance or detention of money advanced under this Agreement exceed the highest lawful rate permissible under Applicable Law. It is the intent hereof that Borrower will not pay or contract to pay, and that Bank not receive or
contract to receive, directly or indirectly in any manner whatsoever, interest in excess of that which may be charged to and paid by Borrower under Applicable Law. All interest (and charges deemed interest) paid or agreed to be paid to Bank shall,
to the extent permitted by Applicable Law, be amortized, pro rated, allocated and spread in equal parts throughout the full term hereof until payment in full of the principal amount of the Loan Indebtedness owing hereunder (including the period of
any renewal or extension hereof) so that interest on the principal amount of the Loan Indebtedness outstanding hereunder for such full period will not exceed the maximum amount permitted by Applicable Law. 

2.10. Loan Prepayment. 

(a) Voluntary Prepayment. Borrower shall have the right to prepay the Loans in whole or in part upon at least two (2) Business
Days’ prior written notice to Bank. Partial prepayments of any Line of Credit Loan (other than proceeds of Asset Dispositions which shall be applied as set forth in the following Section 2.12(b)) shall be applied to reduce the current
month’s Advance(s) to such Borrower with any excess prepayment applied to unpaid principal payments of the Loan as Aaron’s may request and the Servicer may agree in its sole discretion (which may include, but is not limited to, application
of such excess prepayment to unpaid principal payments of the Loan in inverse order of maturity or on a pro rata basis). 
 (b) Mandatory
Prepayment. (i) For the Line of Credit Loan, mandatory prepayment shall be required for Asset Dispositions. For the Revolving Loan, on any Payment Date on which the aggregate outstanding principal amount of the Revolving Loan exceeds the
lesser of the Revolving Commitment or the Borrowing Base, as most recently reported to Borrower by Bank pursuant to Section 2.5(iv) hereof, Borrower shall prepay the Revolving Loans in the amount of such overadvance, as notified to Borrower by
Bank. 
 2.11. Audits. Borrower hereby consents and authorizes Aaron’s or the Bank or any agent or representative thereof to
conduct periodic field audits of Borrower. Such field audits may include, without limitation, examinations of the payment receipts, tax returns, bank statements, loan statements, Lease Contracts, inventory on hand, computer-generated reports of
Asset Dispositions, Rental Revenue and other financial data necessary to determine the accuracy and validity of the reports, compliance certificates, financial reports and other information forwarded to either of the Bank or Aaron’s by Borrower
in connection with the Loan. 
 2.12. Tracking of Merchandise; Asset Dispositions. 

(a) All Merchandise financed by the Bank must be serialized by means of the Aaron’s Proprietary System for appropriate reconciliation of
Advances and receipt of Merchandise and for purposes of tracking Asset Dispositions, if applicable. Borrower shall be obligated to furnish serial numbers for all Merchandise purchased directly to Aaron’s on a weekly basis (and, if available, on
a daily basis) by transmittal of Borrower’s receiving report (containing Aaron’s Proprietary System numbers) directly to Aaron’s on the Aaron’s Proprietary System. As set forth more fully below, Aaron’s will maintain and
track such information as agent for the Bank and the Bank shall at all times have access to such information. 
 (b) If Borrower has a Line
of Credit Note and an Asset Disposition occurs, Borrower shall immediately report such Asset Disposition to Aaron’s by means of the Aaron’s Proprietary System, such information to include the Aaron’s Proprietary System numbers, and if
assigned, the serial numbers of the Merchandise subject to the Asset Disposition, the Net Book Value of such Merchandise and the proceeds received by Borrower therefrom. Aaron’s, on a monthly basis, shall transmit all such information

  
 12 

 
to the Bank in a summary form. Based solely on such information provided by Aaron’s, the Bank will notify Borrower on a monthly basis, of the amount of the required prepayment (the
“Asset Disposition Prepayment”) of the aggregate outstanding amount of the Line of Credit Loan due on the next Payment Date which amount shall be equal to the Net Book Value of the Asset Dispositions during the preceding month not applied
to Advances made during such month as set forth above, unless otherwise agreed to by the Bank. The Borrower shall be notified by the Bank by the 15th day of each calendar month of the Asset Disposition Prepayment and payment thereof shall be due on
the next succeeding Payment Date. 
 2.13. Closing Fee. On the Closing Date of each Loan, Borrower shall pay to Bank a closing fee
(“Closing Fee”) in the amount of $500 per store location [plus $5,000]7. 

2.14. Commitment Fees. 

(a) Borrower shall pay a commitment fee (the “Commitment Fee”) on any unused portion of the Line of Credit Commitment and the
Revolving Commitment in the amount of _________________% per annum, such Commitment Fee to be paid quarterly in arrears on every third Payment Date, commencing on the third Payment Date after the Closing Date. 

(b) All Commitment Fees shall be paid on the dates due, in immediately available funds, to the Bank. 

2.15. Delinquent Payment Fees. In the event that any payment due and payable hereunder is not received by the Bank on the Payment Date
when due, the Borrower shall, upon request from the Bank, pay to the Bank a delinquent payment fee (the “Delinquent Payment Fee”) in an amount equal to the greater of (i) one percent (1%) of the amount of the late payment and (ii)
$500.00. 
 3. COLLATERAL AND INSURANCE. 

3.1. Granting of Security Interest in Collateral. As security for the payment and performance of all of the Loan Indebtedness, Bank
shall have and Borrower hereby grants to Bank a continuing security interest in the following described property of Borrower, whether now in existence or hereafter created or acquired and wherever located (collectively, the “Collateral”):
all Accounts, Merchandise, Inventory, Investment Property, Equipment, General Intangibles, Documents, Instruments, Chattel Paper (including, but not limited to, the Lease Contracts), Balances, fixtures, and Books and Records, and all products and
proceeds of the foregoing (including insurance proceeds). The Loan Indebtedness shall also be secured by any other property (whether real or personal) in which Borrower may have heretofore or concurrently herewith granted, or may hereafter grant, a
Lien in favor of Bank. 
 3.2. Form of Lease Contracts. All Lease Contracts will (a) be in a form prescribed by Aaron’s for
use by its franchisees, (b) be transferable to Bank and (c) contain the following provision directly above Borrower’s customer’s signature: 

“NOTWITHSTANDING ANYTHING SET FORTH IN THIS AGREEMENT TO THE CONTRARY, THE UNDERSIGNED ACKNOWLEDGES AND CONSENTS TO THE TRANSFER OF, OR
GRANT OF A SECURITY INTEREST IN, ANY OR ALL OF THE LESSOR’S RIGHT, TITLE AND INTEREST (RESIDUAL OR OTHERWISE) IN AND UNDER THIS AGREEMENT TO ANY THIRD PARTY. NO SUCH TRANSFER OR GRANT OF 

 
  

	7 	 Note: in the case of a Borrower with a Revolving Commitment or a Term Loan Commitment that has customized
financial covenants as specified by Aaron’s in accordance with Section 6 hereof, an additional $5,000 fee will be charged. 

  
 13 

 
SECURITY INTEREST WILL: (A) AFFECT THE UNDERSIGNED’S LOAN INDEBTEDNESS; (B) CHANGE ANY DUTIES OF, OR INCREASE ANY BURDENS OR RISKS IMPOSED ON, THE PARTIES TO THIS AGREEMENT; OR
(C) GIVE RISE TO ANY RIGHTS OR REMEDIES PROVIDED UNDER SECTION 2A-303(1)(b) OF THE UNIFORM COMMERCIAL CODE, AS ADOPTED IN THE APPLICABLE JURISDICTION. NO ENFORCEMENT OF ANY SECURITY INTEREST WILL
CONSTITUTE A TRANSFER THAT CHANGES ANY DUTIES OF, OR INCREASES ANY BURDENS OR RISK IMPOSED ON, THE PARTIES TO THIS AGREEMENT. THE UNDERSIGNED WAIVES ALL RIGHTS AND REMEDIES PROVIDED UNDER SECTION 2A-303
OF THE UNIFORM COMMERCIAL CODE, AS ADOPTED IN THE APPLICABLE JURISDICTION.” 
 Immediately upon execution of the same, all Lease Contracts shall be
hereby assigned to Bank, and, immediately upon Bank’s request, delivered to Bank together with any and all related documents, and will contain, by way of a stamp or as a part of the preprinted lease contract, the following legend directly below
Borrower’s customer’s signature: 
 “FOR VALUE RECEIVED, THIS AGREEMENT HAS BEEN ASSIGNED TO TRUIST BANK AND THERE ARE NO
DEFENSES AGAINST THE ASSIGNEE.” 
 Borrower will not assign, sell, pledge, convey or by any other means transfer to any person other than Bank any
Lease Contracts or Chattel Paper, without Bank’s prior written consent. 
 3.3. Other Documents. Borrower shall execute and
deliver, or shall be caused to be executed and delivered, to Bank such other instruments, agreements, assignments, notifications or other documents relating to the Collateral as Bank may from time to time request in order to evidence, perfect or
continue the perfection of Bank’s Liens upon any of the Collateral. 
 3.4. Insurance. Borrower shall maintain and keep in force
insurance of the types and in the amounts customarily carried in lines of business similar to Borrower’s and such other insurance as Bank may require, including, without limitation, theft, fire, public liability, business interruption,
casualty, property damage, and worker’s compensation insurance, which insurance shall be carried with companies and in amounts satisfactory to Bank. All casualty and property damage insurance shall name Bank as mortgagee, sole loss payee or
additional insured, as appropriate. Borrower shall deliver to Bank from time to time, at Bank’s request, copies of all such insurance policies and certificates of insurance and schedules setting forth all insurance then in effect. Each policy
of insurance shall contain a clause requiring the insurer to give not less than thirty (30) days’ prior written notice to Bank in the event of any lapse, termination or cancellation of the policy for any reason whatsoever and a clause that
the interest of Bank shall not be impaired or invalidated by any act or neglect of Borrower or owner of the property nor by the occupation of the premises for purposes more hazardous than are permitted by said policy. All such insurance policies
shall contain such other provisions as Bank may require in order to protect Bank’s security interests in the collateral and Bank’s right to receive payments under such policies. Borrower hereby appoints Bank as attorney-in-fact for Borrower to file claims under any insurance policies, to receive, receipt and give acquittance for any payments that may be payable to Borrower
thereunder, and to execute any and all endorsements, receipts, releases, assignments, reassignments, or other documents that may be necessary to effect the collection, compromise or settlement of any claims under any such insurance policies, which
power of attorney shall be deemed coupled with an interest and irrevocable so long as Bank shall have a security interest in any of the Collateral pursuant to this Agreement. If Borrower shall fail to procure such insurance or to pay any premium
with respect thereto, then Bank may, at its discretion, procure such insurance or pay such premium and any costs so incurred by Bank shall constitute a part of the liabilities secured hereby. Bank may apply the proceeds of any insurance policy
received by Bank to the payment of any liabilities, whether or not due, in such order of application as Bank shall determine. Borrower shall promptly furnish Bank with certificates or other evidence satisfactory to Bank indicating compliance with
the foregoing insurance requirements. 

  
 14 

 3.5. Validation and Collection of Accounts. Whether or not a Default Condition or an
Event of Default has occurred, Bank shall have the right, at any time or times hereafter, in the name of Bank or any designee of Bank to verify the validity, amount or any other matter relating to any Accounts by mail, telephone or otherwise, and
Borrower shall fully cooperate with Bank in an effort to facilitate and promptly conclude any such verification process. Unless Bank shall at any time following the occurrence of an Event of Default, elect to give notice to Account Debtors to make
payments on the Accounts directly to Bank, Borrower shall endeavor in the first instance to make collection of its Accounts for Bank. Borrower shall at the request of Bank notify the Account Debtors of the security interest of Bank in any Account
and Bank may itself at any time so notify Account Debtors. Upon or after the occurrence of an Event of Default, Borrower shall (if and to the extent requested to do so by Bank) notify the Account Debtors to make all payments owing to Borrower
directly to Bank for application to the Loan Indebtedness. 
 3.6. Maintenance of Collateral. Borrower shall maintain all Inventory
and Equipment in good condition, reasonable wear and tear excepted in the case of Equipment, and shall, as and when requested by Bank, provide Bank with a list of all of the Equipment and evidence of ownership thereof. Borrower shall not permit any
of the Equipment to become affixed to any real property so that such Equipment is deemed a fixture under the real estate laws of the applicable jurisdiction. 

3.7. Expenses Relating to Collateral. Borrower shall pay Bank on demand an amount equal to any and all expenses, including legal fees,
incurred or paid by Bank in connection with Bank’s insuring, maintaining, protecting, storing, safeguarding, or paying Liens with respect to any of the Collateral or otherwise discharging any duty or obligation of Borrower with respect to any
of the Collateral. 
 3.8. Rights to Collateral. Bank shall have no duty to collect, protect or preserve the underlying value of any
Collateral or any income thereon or to preserve any rights against prior parties. Bank may exercise its rights and remedies with respect to the Collateral without first resorting (and without regard) to any other security for the Loan or other
sources of payment or reimbursement for the Loan Indebtedness. 
 4. CONDITIONS PRECEDENT. 

Borrower shall deliver and Bank shall have received the following documents, each in form and substance satisfactory to Bank, as conditions
precedent of the Loans: 
 (a) a validly executed copy of this Agreement; 

(b) the validly executed Notes; 

(c) a validly executed copy of a Guaranty of each partner or majority stockholder of Borrower, and to the extent not prohibited
by Applicable Law, the spouse of such Person; provided, however, that if such spouse is not providing a Guaranty, a validly executed copy of the Spousal Consent; 

(d) All documentation and other information with respect to the Credit Parties that Aaron’s or any Participant reasonably
believes is required by regulatory authorities under applicable “know-your-customer” and anti-money laundering rules and regulations, including without limitation the Patriot Act; 

  
 15 

 (e) a validly executed subordination agreement, in form and substance
satisfactory to the Bank, from each other debtholder of Borrower; 
 (f) valid Uniform Commercial Code Financing Statements
suitable for filing to enable Bank to perfect the security interest granted to it under this Agreement; 
 (g) evidence of
Borrower’s good standing; 
 (h) a validly executed officer’s certificate or such other evidence acceptable to Bank
evidencing Borrower’s corporate, partnership or other necessary authorization of the Loans and incumbency; 
 (i) a
certificate of insurance from an insurer acceptable to Bank evidencing Borrower’s compliance with Section 3.4 hereof and naming the Bank as loss payee/additional insured as follows: 

Aaron’s Program Manager 

Truist Bank 

Program Lending 

303 Peachtree Street, N.E., 2nd Floor 

Mail Code 1802 

Atlanta, Georgia 30308 

(j) a validly executed authorization to make the ACH transfers for payments of principal, interest and fees contemplated
hereunder, including without limitation, Asset Disposition Prepayments, mandatory prepayments of the Loans pursuant to Section 2.10(b), which authorization shall be in form and substance satisfactory to the Bank; and 

(k) an initial Borrowing Base Report from Aaron’s, if applicable. 

In addition, Bank shall have satisfied itself that there are no Liens on any of the Collateral, and Bank shall be satisfied that all corporate
or partnership proceedings necessary for the authorization of the Loan shall have been taken and the Bank shall have received any other documents that it deems necessary or advisable. 

5. BORROWER’S REPRESENTATIONS AND WARRANTIES. 

To induce Bank to enter into this Agreement, Borrower represents and warrants as follows: 

5.1. Organization and Qualification of Borrower. Borrower is _________________ under the laws of the state shown on the first page
hereof, and is qualified to do business in all jurisdictions where the character of its properties or the nature of its activities make such qualification necessary. 

5.2. Trade Names, Subsidiaries and Location of Assets. Exhibit B attached hereto and made a part hereof fully
and accurately discloses any legal name, trade name or style ever used by Borrower, any Subsidiaries owned by Borrower, and each office, other place of business or location of assets of Borrower. 

5.3. Corporate or Other Authority; No Violation of Other Agreements. The execution, delivery and performance by Borrower of this
Agreement and the other Loan Documents have been duly authorized by all necessary action on the part of Borrower and do not and will not (i) violate any provision of Borrower’s articles of incorporation,
by-laws, or other organizational documents or any Applicable Law, or (ii) be in conflict with, result in a breach of, or constitute (following notice or lapse of time or both) a default under any
agreement to which Borrower is a party or by which Borrower or any of its property is bound. 

  
 16 

 5.4. Enforceability. This Agreement and each of the other Loan Documents create
legal, valid and binding obligations of Borrower enforceable against Borrower in accordance with their respective terms. 
 5.5. Entire
Agreement. The Notes and accompanying Loan Documents executed in connection with the Loans and delivered to Bank are the only contracts evidencing the transaction described herein and constitute the entire agreement of the parties hereto with
respect to the transaction. 
 5.6. Genuineness of Signatures. The Notes and each accompanying Loan Document executed in connection
with the Loans are is genuine and all signatures, names, amounts and other facts and statements therein and thereon are true and correct. 

5.7. Litigation. There are no actions, suits, proceedings or investigations pending or, to the knowledge of Borrower, threatened before
any court or administrative or governmental agency that may, individually or collectively, adversely affect the financial condition or business operations of Borrower. 

5.8. Financial Condition. Borrower’s financial statement previously delivered to Aaron’s, fairly and accurately presents the
financial condition of Borrower as of such date and has been prepared in accordance with GAAP consistently applied, and since the date of that financial statement, there has been no material adverse change in the financial condition of Borrower.
Borrower is now and will remain Solvent. 
 5.9. Taxes. All federal, state and local tax returns have been duly filed, and all taxes,
assessments and withholdings shown on such returns or billed to Borrower have been paid, and Borrower maintains adequate reserves and accruals in respect of all such federal, state and other taxes, assessments and withholdings. There are no unpaid
assessments pending against Borrower for any taxes or withholdings, and Borrower knows of no basis therefor. 
 5.10. Compliance with
Laws. Borrower has duly complied with, and its properties and business operations are in compliance in all material respects with, the provisions of all Applicable Laws, including, without limitation ERISA, the Fair Labor Standards Act and all
Environmental Laws. Borrower possesses all permits, franchises, licenses, trademark rights, trade names, patents and other authorizations necessary to enable it to conduct its business operations as now conducted, and no filing with, and no consent,
authorization, order or license of, any Person is necessary in connection with the execution or performance of this Agreement or the other Loan Documents. 

5.11. No Default. No Default Condition or Event of Default exists. 

5.12. Accounts. Each Account arises out of a bona fide lease or sale and delivery of goods or rendition of services by Borrower and,
unless otherwise indicated by Borrower to Bank in writing promptly after learning thereof, the facts appearing on the invoice evidencing such Account and Borrower’s books relating thereto are true and accurate and payment thereof is not subject
to any known dispute, offset or claim except for discounts granted in the ordinary course of Borrower’s business that are reflected on the face of such invoice. 

  
 17 

 5.13. Use of Proceeds. None of the proceeds of any Advances or the Term Loan by Bank
have been or will be used (i) to purchase or carry (or to satisfy or refinance any indebtedness incurred to purchase or carry) any “margin stock” (as defined in Regulation U of the Federal Reserve Board), (ii) for the purpose of
funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country or (iii) in any manner that would result in the violation of any Sanctions applicable to any party hereto.
Advances shall be made for the sole purposes of honoring requests for ACH transfers to (a) suppliers of Merchandise in payment of Approved Invoices, and (b) other accounts specified by Borrower with respect to Advances made for working
capital purposes, subject to the approval of Aaron’s, which requests have been entered by the Borrower in the Aaron’s Proprietary System as provided above, or upon the consent of Aaron’s, for the purpose of payment of state use taxes
and freight charges. The proceeds of the Term Loan shall be used for acquisition financing, general working capital purposes or such other purpose approved by Aaron’s. 

5.14 Anti-Corruption Laws and Sanctions. Borrower has implemented and maintains in effect policies and procedures designed to ensure
compliance in all material respects by Borrower, its Subsidiaries and their respective directors, officers, employees and agents with Anti-Corruption Laws and applicable Sanctions, and Borrower, its Subsidiaries and their respective officers (in
such capacity), employees (in such capacity) and, to the knowledge of Borrower, its directors and agents, are in compliance with Anti-Corruption Laws and applicable Sanctions. None of (a) Borrower, any Subsidiary or any of their respective
officers (in such capacity) or employees (in such capacity), or (b) to the knowledge of the Borrower, any director or agent of Borrower or any Subsidiary is a Sanctioned Person. No Advance nor the Term Loan, use by the Borrower or any
Subsidiary of the proceeds thereof or other transactions contemplated hereby will violate Anti-Corruption Laws or applicable Sanctions. 
 Each submission of
an Approved Invoice made by Borrower pursuant to this Agreement or any other Loan Document shall constitute an automatic representation and warranty by Borrower to Bank that there does not then exist any Default Condition or Event of Default and a
reaffirmation as of the date of said request that all representations and warranties of Borrower contained in this Agreement and the other Loan Documents are true in all material respects. All representations and warranties contained in this
Agreement or in any of the other Loan Documents shall survive the execution, delivery and acceptance hereof by Bank and the closing of the transactions described herein. 

6. FINANCIAL COVENANTS. 
 Borrower shall
comply with the following financial covenant[s]: 
 [(i) Rental Revenue to Debt Service. Commencing on the first day
of the calendar quarter in which the 25th month following the Opening Date of the first store location of the Borrower occurs and measured as of the last day of the calendar quarter in which such 25th month occurs and on the last day of each
calendar quarter thereafter, the ratio of the Borrower’s Rental Revenue to Debt Service for such quarter shall not be less than 2.2:1.0;]8 

(ii) Debt to Rental Revenue. [Commencing on the first day of the calendar quarter in which the first day of the 19th
month following the Opening Date of the first store location of Borrower occurs and measured as of the last day of the calendar quarter in which such 19th month occurs and on the last day of each calendar quarter thereafter,][On the last day of each
calendar quarter] the ratio of Borrower’s Debt to Borrower’s Rental Revenue, shall not exceed [__]:1.0.9 

 

	8 	 Note: This covenant will not apply in the case of any Borrowers who have Revolving Loans or Term Loans as, in
such case, the Borrowing Base in the applicable Loan Agreement will apply in lieu of this covenant. 

	9 	 Note: This covenant will apply and be tested on last day of each calendar quarter and not be tied to any
Opening Date of store locations in the case of any Loan Agreement providing for Loans to be made available to a Borrower consisting of Revolving Loans and/or Term Loans. Covenant levels for this covenant will be established by Aaron’s for each
Borrower as per the Servicing Agreement. 

  
 18 

 To the extent any of the financial covenants set forth above in this Section 6 are
calculated based upon the Opening Date of a store location, the financial information from store locations that have not reached the Opening Date anniversary incorporated into such covenants shall be excluded from such calculations. Debt Service and
Debt attributable to such locations and deducted from the final calculations shall be deducted on a pro rata basis calculated by dividing such stores’ aggregate Net Book Value of Merchandise by the Net Book Value of Merchandise for all store
locations. The financial covenants shall otherwise be calculated on a consolidated basis as to all store locations. 
 7. BORROWER’S AFFIRMATIVE
COVENANTS. 
 During the term of this Agreement, and thereafter for so long as there is any outstanding Loan Indebtedness to Bank,
Borrower covenants that, unless otherwise consented to by Bank in writing, it shall: 
 7.1. Financial Reports. Deliver to
Aaron’s or cause to be delivered to Aaron’s: 
 (i) on or before the last Business Day of each month, an unaudited
balance sheet and income statement accurately reflecting the financial transactions and status of the Borrower as of the end of the prior month and on a year to date basis, on a consolidated and per store basis; prepared in accordance with GAAP in
the format recommended by Aaron’s; 
 (ii) on or before the last Business Day of each month after the end of each
calendar quarter (a) an unaudited balance sheet and income statement accurately reflecting the financial transactions and status of Borrower as of the end of the prior month and on a quarterly basis, on a consolidated and per store basis,
prepared in accordance with GAAP in the format recommended by Aaron’s, and (b) a compliance certificate as described below in Section 7.2; 

(iii) within 90 days after the end of each fiscal year a balance sheet and income statement of Borrower as of the end of such
year, compiled by such firm of independent public accountants as may be designated by Borrower and be satisfactory to Bank as prepared in accordance with GAAP and, to the extent delivered to Aaron’s, audited financial statements for such
period; 
 (iv) within 120 days after the end of each fiscal year, an annual personal financial statement of each Guarantor;
and 
 (v) with reasonable promptness, all reports by Borrower to its shareholders and such other information as Aaron’s
or the Bank may reasonably request from time to time. 
 7.2. Compliance Certificate. Prepare and deliver to Aaron’s, to the
extent that Borrower has a Line of Credit Loan, in conjunction with the quarterly financial reports required to be delivered pursuant to Section 7.1(iii) above, a quarterly Compliance Certificate (the form of which is attached hereto as
Exhibit C) including the Quarterly Covenant Compliance Report attached hereto as Exhibit D) presenting the calculation of the financial covenants set forth above in Section 6, noting any
negative variances with the covenants and explaining any such variances. 
 Borrower acknowledges that Aaron’s will review each Compliance Certificate
and may revise the calculations set forth on such Compliance Certificate to be consistent with the information shown on quarterly detailed Inventory reconciliation reports and detailed revenue reports prepared by Aaron’s each

  
 19 

 
quarter showing the amount of Inventory at each of Borrower’s stores as of the end of such quarter and the amount of monthly and quarterly revenue at each of Borrower’s stores. Borrower
acknowledges that Aaron’s will forward copies of each Compliance Certificate, with revised calculations as appropriate, to Bank and agrees that Bank shall be entitled to rely each such Compliance Certificate, as revised by Aaron’s, for
purposes of determining whether the covenants set forth in Section 6 above have been met. 
 7.3. Books and Records. Maintain its
Books and Records and accounts in accordance with GAAP and permit any Person designated by Bank or Aaron’s to visit Borrower’s premises, inspect any of the Collateral or any of the Books and Records, and to make copies thereof and take
extracts therefrom, and to discuss Borrower’s financial affairs with Borrower’s financial officers and accountants. 
 7.4.
Taxes. Promptly file all tax returns and pay and discharge all taxes, assessments, withholdings and other governmental charges imposed upon it, its income or profits, or upon any property belonging to it, prior to the date on which penalties
attach thereto. 
 7.5. Notices to Bank. Promptly notify Bank in writing of (i) the occurrence of any Default Condition or Event
of Default; (ii) any pending or threatened litigation claiming damages in excess of $25,000 or seeking relief that, if granted, would adversely affect the financial condition or business operations of Borrower; (iii) the release or
discharge of any Hazardous Substance on any property owned by Borrower; and (iii) any asserted violation by Borrower of or demand for compliance by Borrower with any Applicable Law. 

7.6. Compliance with Applicable Laws. Comply in all material respects with all Applicable Laws, including, without limitation, ERISA,
the Fair Labor Standards Act and all Environmental Laws. 
 7.7. Corporate Existence. Maintain its separate corporate existence and
all rights, privileges and franchises in connection therewith, and maintain its qualification and good standing in all jurisdictions where the failure to do so could have a material adverse effect upon its financial condition or ability to collect
the Accounts. 
 8. NEGATIVE COVENANTS. 

During the term of this Agreement, and thereafter for so long as there are is Loan Indebtedness outstanding, Borrower covenants that unless
Bank has first consented thereto in writing, it will not: 
 8.1. Merger; Disposal or Moving of Collateral. Merge or consolidate with
or acquire any substantial portion of the assets or stock of any Person; sell, lease, transfer or otherwise dispose of all or any portion of its properties (including any of the Collateral), except sales or leases of Inventory in the ordinary course
of business; or, without having given Bank at least 60 days prior written notice and having executed such instruments and agreements as Bank shall require, change its name, the location of any Collateral or the location of its chief executive
office, principal place of business or the office at which it maintains its Books and Records. Notwithstanding the foregoing, to the extent that Borrower is calculating its compliance with the financial covenants set forth in Section 6 hereof
on a consolidated basis, Borrower may move Inventory from one location included in such calculation to another of Borrower’s Aaron’s locations without complying with the notice provisions hereof, as long as such Inventory is properly
transferred in the Aaron’s Proprietary System. 
 8.2. Liens. Grant or suffer to exist any Lien upon any of the Collateral except
Permitted Liens. 

  
 20 

 8.3. Guarantees. Guarantee, assume, endorse or otherwise become contingently liable
for any obligation or indebtedness of any Person, either directly or indirectly, exceeding $25,000 not existing as of this date, except by endorsement of items of payment for deposit or collection. 

8.4. Loans. Make loans or advances of money to or investments in any Person, or (except in the ordinary course of business and on fair
and reasonable terms) engage in any transaction with a Subsidiary or affiliate. 
 8.5. Stock of Borrower. Repurchase, or pay or
declare any dividend on, any of its capital stock; provided, however, that if no Default Condition or Event of Default exists and Borrower remains in compliance with the financial covenants set forth in Section 6 above after
giving effect thereto, it may pay dividends and make such repurchases. 
 9. EVENTS OF DEFAULT. 

9.1. List of Events of Default. The occurrence of any one or more of the following conditions or events shall constitute an “Event
of Default”: 
 (a) Borrower shall fail to pay any of the Loan Indebtedness (including any overadvance) or to pay for
any Asset Disposition within ten (10) days of the due date thereof (whether due at stated maturity, on demand, upon acceleration or otherwise); 

(b) any warranty, representation, or other statement by Borrower herein or in any instrument, certificate or financial
statement furnished in compliance herewith proves to have been false or misleading in any material respect when made; 
 (c)
Borrower shall fail or neglect to perform, keep or observe any covenant contained in this Agreement, any of the other Loan Documents or any other agreement now or hereafter entered into with Bank; Borrower shall fail to abide by the financial
covenants set forth in Section 6 hereof, provided that Aaron’s may waive any financial covenant; 
 (d) Borrower or
any Guarantor shall fail to pay when due any amount owed to any creditor (other than Bank) or any Guarantor shall fail to pay or perform any liability or obligation in accordance with the terms of any agreement with Bank; 

(e) Borrower, Aaron’s or any Guarantor shall cease to be Solvent, shall die or become incompetent, shall suffer the
appointment of a receiver, trustee, custodian or similar fiduciary, shall make an assignment for the benefit of creditors, or shall make an offer of settlement or composition to their respective unsecured creditors generally; 

(f) any petition for an order for relief shall be filed by or against Borrower or any Guarantor or Aaron’s under the
Bankruptcy Code (if against Borrower or any Guarantor, the continuation of such proceeding for more than 30 days); 
 (g) any
judgment, writ of attachment or similar process is entered or filed against Borrower or any Guarantor or any of Borrower’s or any Guarantor’s property and such judgment, writ of attachment or process is not dismissed, satisfied or vacated
within ten (10) days thereafter or results in the creation or imposition of any Lien upon any Collateral that is not a Permitted Lien; 

  
 21 

 (h) Any Guarantor shall revoke or attempt to revoke the guaranty signed by
such Guarantor or shall repudiate such Guarantor’s liability thereunder or Aaron’s shall default in its obligations to Bank with respect to the Loan Indebtedness or repudiate its liability therefor; 

(i) any Person, or group of Persons (whether or not related), shall have or obtain legal or beneficial ownership of a majority
of the outstanding voting securities or rights of Borrower, other than any Person, or group of Persons, that has such majority ownership on the date of execution of this Agreement; 

(j) Borrower shall lose its franchise, license or right to lease or to sell the Inventory or Borrower’s Franchise
Agreement is terminated or revoked for any reason; 
 (k) Borrower shall fail to enter properly any acquisition of Inventory
or Equipment or any Asset Disposition on the Aaron’s Proprietary System; or 
 (l) Borrower shall use its DDA Account
for any use other than as explicitly authorized pursuant to this Agreement. 
 9.2. Cure Period. Borrower shall have a five
(5) calendar day period after the Bank gives it notice of the occurrence of an Event of Default (other than an Event of Default pursuant to Section 9.1(f)) above, during which it may cure such Event of Default. An Event of Default arising
under Section 9.1(a) above shall only be cured by the Bank’s receipt of payment in immediately available funds by wire transfer, money order or cashier’s check. 

9.3. Advances. In no event shall the Bank have any obligation to make any Loan hereunder or an Advance pursuant to a Line of Credit
Commitment or Revolving Commitment hereunder if there exists a Default Condition or an Event of Default. 
 10. REMEDIES. 

All of the Loan Indebtedness shall become immediately due and payable and the Line of Credit Commitment and Revolving Commitment shall be
deemed immediately terminated (without notice to or demand upon Borrower) upon the occurrence of an Event of Default under Section 9.1(f) of this Agreement; and upon and after the occurrence of any other Event of Default, subject to the cure
period set forth in Section 9.2 hereof, Bank shall have the right to terminate immediately the Line of Credit Commitment and Revolving Commitment and to declare the entire unpaid principal balance of and accrued interest with respect to the
Loan Indebtedness to be, and the same shall thereupon become, immediately due and payable upon receipt by Borrower of written notice and demand. From and after the date on which the Loan Indebtedness becomes automatically due and payable or is
declared by Bank to be due and payable as aforesaid, Bank shall have and may exercise from time to time any and all rights and remedies afforded to a secured party under the Code or any other Applicable Law. If the Loan Indebtedness is collected by
or through an attorney at law, Bank shall be entitled to collect reasonable attorneys’ fees and court costs from Borrower. In addition to, and without limiting the generality of the foregoing, Bank shall have the following rights and remedies
which it may exercise at any time or times (all of which rights and remedies shall be cumulative and may be exercised singularly or concurrently): 

(a) The right to notify any Account Debtor to make all payments owing to Borrower directly to Bank for application to the Loan Indebtedness and
to collect all amounts owing from any such Account Debtor; 

  
 22 

 (b) The right to sell, lease or otherwise dispose of any or all of the Collateral at public
or private sale, for cash, upon credit or upon such other terms as Bank deems advisable in its sole discretion, or otherwise to realize upon the whole or from time to time any part of the Collateral in which Bank may have a security interest. Any
requirement of reasonable notice shall be met if such notice is sent to Borrower in accordance with Section 12 hereof at least seven (7) days before the date of sale or other disposition of the Collateral. Bank may bid and be the purchaser
at any such sale if permitted by Applicable Law; 
 (c) The right to require Borrower, at Borrower’s expense, to assemble the Collateral
and make it available to Bank at a place reasonably convenient to both parties (and, for purposes hereof, Borrower stipulates that Bank shall be entitled to the remedy of specific performance). Alternatively, Bank may peaceably by its own means or
with judicial assistance enter Borrower’s premises and take possession of the Collateral or dispose of the Collateral on Borrower’s premises without interference by Borrower; 

(d) The right to incur attorneys’ fees and expenses in exercising any of the rights, remedies, powers or privileges provided hereunder,
and the right (but not the obligation) to pay, satisfy and discharge, or to bond, deposit or indemnify against, any tax or other Lien which in the opinion of Bank may in any manner or to any extent encumber any of the Collateral, all of which fees,
payments and expenses shall become part of Bank’s expenses of retaking, holding, preparing for sale and the like, and shall be added to and become a part of the principal amount of the Loan Indebtedness; 

(e) The right, in Bank’s sole discretion, to perform any agreement of Borrower hereunder which Borrower shall fail to perform and take any
other action which Bank deems necessary for the maintenance or preservation of any of the Collateral or Bank’s interest therein, and Borrower agrees forthwith to reimburse Bank for all expenses incurred in connection with the foregoing,
together with interest thereon at the Default Rate from the date incurred until the date of reimbursement; 
 (f) The right at any time or
times, to the fullest extent permitted by Applicable Law, to set off and apply any and all deposits (general or special, time or demand) held by Bank for Borrower’s account against any of the Loan Indebtedness, irrespective of whether or not
Bank has made any demand under the this Agreement; 
 (g) The right to apply the proceeds realized from any collection, sale, lease or other
disposition of the Collateral first to the costs, expenses and attorneys’ fees incurred by Bank for collection and for acquisition, protection, removal, storage, sale and delivery of the Collateral; secondly, to interest due upon the principal
amount of the Loan Indebtedness; and thirdly, to the principal amount of the Loan Indebtedness. If any deficiency shall arise, Borrower and Guarantors shall remain bound and liable to Bank therefor; 

(h) The right to act as Borrower’s attorney-in-fact (and
Borrower hereby irrevocably appoints Bank as Borrower’s agent and attorney-in-fact), in Borrower’s or Bank’s name, but at Borrower’s cost and
expense, to receive, open and dispose of all mail addressed to Borrower pertaining to any of the Collateral, to notify postal authorities to change the address and delivery of mail to Borrower to such address as Bank may designate, to sign
Borrower’s name on any bill of lading constituting or relating to any Collateral, to send verifications with respect to the Collateral, to execute in Borrower’s name any affidavits or notices with regard to any and all Lien rights and to
do all other acts and things necessary to carry out the terms of this Agreement or to discharge any obligation of Borrower hereunder, this power, being coupled with an interest, is to be irrevocable so long as any Loan Indebtedness is outstanding.

  
 23 

 11. WAIVERS. 

Borrower waives notice of Bank’s acceptance hereof. Borrower hereby waives any requirement on the part of Bank to post any bond or other
security as a condition to Bank’s right to obtain an immediate writ of possession with respect to any Collateral. Bank shall not be deemed to have waived any of its rights upon or remedies hereunder or any Event of Default unless such waiver be
in writing and signed by Bank. No delay or omission on the part of Bank in exercising any right shall operate as a waiver of such right or any other right. A waiver on any one occasion shall not be construed as a bar to or waiver of any right on any
future occasion. 
 12. NOTICES. 
 All
notices and demands to or upon a party hereto shall be in writing and shall be sent by certified mail, return receipt requested, personal delivery against receipt or by telecopier or other facsimile transmission and shall be deemed to have been
validly served, given or delivered when delivered against receipt or one Business Day after deposit in the mail, postage prepaid, or, in the case of facsimile transmission, when indicated by verification receipt printed by the sending machine as
having been received at the office of the noticed party, addressed in each case as follows: 
  

							
	            	  	If to Borrower:	  	 __________________
 Attn: _________________

_________________,
 _________________

_________________
 Telecopier No.: _________________
	  	_________________
		  	If to Bank:	  	  
 Truist Bank

Program Lending
 Attn: Aaron’s Program Manager

303 Peachtree Street, N.E., 2nd Floor

Mail Code 1802
 Atlanta, Georgia 30308

Telecopier No.: (404)724-3716
	  	

 or to such other address as each party may designate for itself by like notice given in accordance with this Section. Any
written notice or demand that is not sent in conformity with the provisions hereof shall nevertheless be effective on the date that such notice is actually received by the individual to whose attention such notice is to be sent as specified above or
such individual’s successor in office. 
 13. INDEMNIFICATION. 

Borrower hereby agrees to indemnify Bank and hold Bank harmless from and against any liability, loss, damage, suit, action or proceeding ever
suffered or incurred by Bank as the result of Borrower’s failure to observe, perform or discharge Borrower’s duties hereunder. Without limiting the generality of the foregoing, this indemnity shall extend to any claims asserted against
Bank by any Person under any environmental laws. If any taxes, fees or other charges shall be payable by Borrower or Bank on account of the execution, delivery or recording of any of the Loan Documents or any loans outstanding hereunder, Borrower
will pay (or reimburse Bank’s payment of) all such taxes, fees or other charges, including any applicable interests and penalties, and will indemnify and hold Bank harmless from and against liability in connection therewith. The indemnity
obligations of Borrower under this Section shall survive the payment in full of the Loan Indebtedness. 

  
 24 

 14. ENTIRE AGREEMENT; AMENDMENT. 

This Agreement and the other Loan Documents embody the entire understanding and agreement between the parties hereto with respect to the
subject matter hereof, and this Agreement may not be modified or amended except by an agreement in writing signed by Borrower and Bank. 
 15. SUCCESSORS
AND ASSIGNS. 
 This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and
assigns; but Borrower shall not assign this Agreement or any right or benefit hereunder to any Person. The Bank may assign its rights and obligations hereunder at any time and to any Person, including without limitation, to Aaron’s. 

16. ARBITRATION. 
 ANY CONTROVERSY ARISING
WITH RESPECT TO THIS AGREEMENT SHALL BE DETERMINED BY ARBITRATION IN THE CITY AGREED UPON BY BORROWER AND BANK. IF BORROWER AND BANK FAIL TO SO AGREE, THEN SUCH ARBITRATION SHALL TAKE PLACE IN ATLANTA, GEORGIA. ARBITRATION SHALL BE IN ACCORDANCE
WITH THE COMMERCIAL ARBITRATION RULES OF THE AMERICAN ARBITRATION ASSOCIATION EXCEPT TO THE EXTENT OTHERWISE SET FORTH IN THIS SECTION. THE DISPUTE SHALL BE DETERMINED BY AN ARBITRATOR ACCEPTABLE TO BOTH PARTIES WHO SHALL BE SELECTED WITHIN SEVEN
(7) DAYS OF FILING OF NOTICE OF INTENTION TO ARBITRATE. OTHERWISE, THE DISPUTE SHALL BE DETERMINED BY A PANEL OF THREE ARBITRATORS SELECTED AS FOLLOWS: WITHIN SEVEN (7) DAYS OF FILING NOTICE OF INTENTION TO ARBITRATE, EACH PARTY WILL
APPOINT ONE ARBITRATOR, WHO SHALL BE AN ATTORNEY ADMITTED BEFORE THE BAR OF ANY STATE OF THE UNITED STATES (BUT NEITHER SUCH ATTORNEY NOR ANY FIRM WITH WHICH SUCH ATTORNEY HAS BEEN ASSOCIATED IN THE IMMEDIATELY PRECEDING FIVE YEARS SHALL HAVE BEEN
RETAINED BY SUCH PARTY DURING THE IMMEDIATELY PRECEDING FIVE YEARS). THESE TWO ARBITRATORS WILL THEN NAME A THIRD ARBITRATOR, WHO SHALL ALSO BE AN ATTORNEY ADMITTED BEFORE THE BAR OF ANY STATE OF THE UNITED STATES (BUT NEITHER SUCH ATTORNEY NOR ANY
FIRM WITH WHICH SUCH ATTORNEY HAD BEEN ASSOCIATED FOR THE IMMEDIATELY PRECEDING FIVE YEARS SHALL HAVE BEEN RETAINED BY EITHER PARTY DURING THE IMMEDIATELY PRECEDING FIVE YEARS) AND WHO SHALL PRESIDE OVER THE PANEL. IF EITHER PARTY FAILS TO APPOINT
AN ARBITRATOR, OR IF THE TWO ARBITRATORS DO NOT NAME A THIRD ARBITRATOR WITHIN SEVEN (7) DAYS, EITHER PARTY MAY REQUEST THE AMERICAN ARBITRATION ASSOCIATION TO APPOINT THE NECESSARY ARBITRATOR(S) PURSUANT TO THE COMMERCIAL ARBITRATION RULES.
ARBITRATORS SHALL BE COMPENSATED FOR THEIR SERVICES BY THE NON-PREVAILING PARTY AT THE STANDARD HOURLY RATE CHARGED BY SUCH ARBITRATORS IN THEIR PRIVATE PROFESSIONAL ACTIVITIES. ALL TESTIMONY SHALL BE
TRANSCRIBED BY A PUBLIC STENOGRAPHER OR COURT REPORTER. THE AWARD OF THE PANEL SHALL BE ACCOMPANIED BY FINDINGS OF FACT AND A STATEMENT OF REASONS FOR THE DECISION. ALL PARTIES AGREE TO BE BOUND BY THE RESULTS OF SUCH ARBITRATIONS; JUDGMENT UPON THE
AWARD SO RENDERED MAY BE ENTERED AND ENFORCED IN ANY COURT OF COMPETENT JURISDICTION. TO THE EXTENT REASONABLY PRACTICABLE, BOTH PARTIES AGREE TO CONTINUE PERFORMING THEIR RESPECTIVE OBLIGATIONS UNDER THIS AGREEMENT WHILE THE DISPUTE IS BEING
RESOLVED. 

  
 25 

 17. MISCELLANEOUS. 

Time is of the essence of this Agreement. Bank reserves the right to participate, sell or assign the Loans made hereunder and provide any participant or
assignee all information in Bank’s possession regarding Borrower, its business and the Collateral. Borrower shall reimburse Bank for Bank’s out-of-pocket
expenses and for the fees and expenses and disbursements of Bank’s counsel in connection with the negotiation, documentation and closing of the transactions contemplated hereby, and Borrower will pay all expenses incurred by Borrower in
connection with the transactions. The Section headings are for convenience only and shall not limit or otherwise affect any of the terms hereof. THIS AGREEMENT AND ALL RIGHTS AND OBLIGATIONS HEREUNDER, INCLUDING MATTERS OF CONSTRUCTION, VALIDITY
AND PERFORMANCE, SHALL BE GOVERNED BY THE INTERNAL LAWS OF THE STATE OF GEORGIA (WITHOUT REGARD TO THE LAWS OF CONFLICTS THEREOF) AND IS INTENDED TO TAKE EFFECT AS A SEALED INSTRUMENT. 

18. RELATIONS WITH AARON’S. 
 Borrower recognizes and
acknowledges that the Bank has made the Loans available to Borrower hereunder at the behest of and as an accommodation to Aaron’s. Accordingly, Borrower agrees that from time to time the Bank may release to Aaron’s such information about
Borrower and the Loans as Aaron’s may request, and the Bank may condition its agreement to any waiver, modification or amendment on the prior written consent of Aaron’s. Borrower further agrees that upon the occurrence of an Event of
Default hereunder, the Bank may notify Aaron’s of such Event of Default prior to notifying Borrower thereof, and the Bank shall not be liable to Borrower for failure to give simultaneous notice to Borrower. Borrower further agrees that the Bank
shall not be liable to Borrower as a result of any information or document obtained by Bank regarding Borrower which is shared by Bank with Aaron’s. 

  
 26 

 WITNESS the hand and seal of the parties hereto on the date first above written. 

 

							
	Accepted in Atlanta, Georgia:	 		 	
		 		 	BORROWER:
	                        	 		 	
	                        	 		 	
	                        	 		 	
			
		 		 	BANK:
			
		 		 	TRUIST BANK:
				
		 		 	By:	 	
                 

		 		 	Name:	 	
                     

		 		 	Title:	 	
                 

  
 27 

 EXHIBIT A-1 

FORM OF 
 LINE
OF CREDIT NOTE 
  

			
	Closing Date: [Closing Date]	  	$_________________
		  	Atlanta, Georgia

 FOR VALUE RECEIVED, the undersigned, _________________ (the “Borrower”), promises to pay to the
order of TRUIST BANK, a North Carolina banking corporation (the “Bank”), at Bank’s principal office in Charlotte, North Carolina, or at such other place as the holder hereof may designate by notice in writing to Borrower, in
immediately available funds in lawful money of the United States of America, on _________________________, (the “Maturity Date”, as such date may be extended from time to time, for an additional 364 day period unless either party
terminates the Loan as set forth in Section 2.8 of the Loan and Security Agreement) the lesser of (x) the principal sum of the Line of Credit Commitment: _________________ ($_________________), or (y) so much principal thereof as
shall have been from time to time disbursed hereunder in accordance with that certain Loan and Security Agreement, dated as of [___________], by and between the Borrower and Bank (as amended, restated, modified or supplemented from time to time, the
“Agreement”) and not theretofore repaid, as shown on the records of the Bank. 
 In addition to principal, Borrower agrees to pay
interest on the principal amounts disbursed hereunder at a floating rate of interest equal to the Prime Rate plus an additional _________________________, from time to time, from the date of each disbursement until paid at such rates of interest per
annum and upon such dates as provided for in the Agreement. Interest shall accrue on the outstanding principal balance from the date hereof up to and through the date on which all principal and interest hereunder is paid in full, and shall be
computed on the basis of the actual number of days elapsed in a 360-day year. Such interest is to be paid to Bank at its address set forth above or as otherwise provided in the Agreement. For informational
purposes, as of the date hereof the Prime Rate in effect is __________% per annum, thus producing an initial interest rate under the Agreement on such date of ___________ %per annum and, when adjusted for a year of 365 days, an initial simple
interest rate of _____________% per annum. Any principal amount due under this Line of Credit Note (the “Note”) that is not paid on the due date therefor whether on the Maturity Date, or resulting from the acceleration of maturity upon the
occurrence of an Event of Default (as defined in the Agreement), shall bear interest from the date due until payment in full at the Default Rate, as such term is defined in the Agreement. 

This Note evidences a loan incurred pursuant to the terms and conditions of the Agreement to which reference is hereby made for a full and
complete description of such terms and conditions, including, without limitation, provisions for the acceleration of the maturity hereof upon the existence or occurrence of certain conditions or events, and the terms of any permitted prepayments
hereof. All capitalized terms used in this Note shall have the same meanings as set forth in the Agreement. 
 Upon the existence or
occurrence of any Event of Default, the principal and all accrued interest hereof shall automatically become, or may be declared, due and payable in the manner and with the effect provided in the Agreement. In addition, this Note is subject to
mandatory prepayment upon the terms and conditions of the Agreement. 
 Bank shall at all times have a right of set-off against any deposit balances of Borrower in the possession of the Bank and the Bank may apply the same against payment of this Note or any other indebtedness of Borrower to the Bank. The payment of any
indebtedness evidenced by this Note prior to the Maturity Date shall not affect the enforceability of this Note as to any future, different or other 

 
indebtedness incurred hereunder by the Borrower. In the event the indebtedness evidenced by this Note is collected by legal action or through an attorney-at-law, the Bank shall be entitled to recover from Borrower all costs of collection, including, without limitation, reasonable attorneys’ fees if collected by or through an attorney-at-law. 
 Borrower acknowledges that the actual
crediting of the amount of any disbursement under the Agreement to an account of Borrower or recording such amount in the records of the Bank shall, in the absence of manifest error, constitute presumptive evidence of such disbursement and that such
Advance was made and borrowed under the Agreement. Such account records shall constitute, in the absence of manifest error, presumptive evidence of principal amounts outstanding and the payments made under the Agreement at any time and from time to
time, provided that the failure of Bank to record in such account the type or amount of any Advance shall not affect the obligation of the undersigned to repay such amount together with interest thereon in accordance with this Note and the
Agreement. 
 Failure or forbearance of Bank to exercise any right hereunder, or otherwise granted by the Loan Agreement or by law, shall
not affect or release the liability of Borrower hereunder, and shall not constitute a waiver of such right unless so stated by Bank in writing. THIS NOTE AND THE RIGHTS AND OBLIGATIONS HEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH AND BE
GOVERNED BY THE LAW (WITHOUT GIVING EFFECT TO THE CONFLICT OF LAW PRINCIPLES THEREOF) OF THE STATE OF GEORGIA. TIME IS OF THE ESSENCE OF THIS NOTE. 

PRESENTMENT FOR PAYMENT, NOTICE OF DISHONOR AND PROTEST ARE HEREBY WAIVED. 

Executed under hand and seal of the Borrower as of the day and year first above written. 

 
  

 
  

  
 2 

 EXHIBIT A-2 

FORM OF 

REVOLVING NOTE 
  

			
	Closing Date: [Closing Date]	  	$_________________
		  	Atlanta, Georgia

 FOR VALUE RECEIVED, the undersigned, _________________ (the “Borrower”), promises to pay to the
order of TRUIST BANK, a North Carolina banking corporation (the “Bank”), at Bank’s principal office in Charlotte, North Carolina, or at such other place as the holder hereof may designate by notice in writing to Borrower, in
immediately available funds in lawful money of the United States of America, on _________________________, (the “Maturity Date”, as such date may be extended from time to time, for an additional 364 day period unless either party
terminates the Loan as set forth in Section 2.8 of the Loan and Security Agreement), the lesser of (i) principal sum of the Revolving Commitment: _________________ ($_________________), or (ii) so much thereof as shall have been
from time to time disbursed hereunder in accordance with certain Loan and Security Agreement, dated as of [___________], by and between the Borrower and Bank (as amended, restated, modified or supplemented from time to time, the
“Agreement”) and not theretofore repaid, as shown on the records of the Bank. 
 In addition to principal, Borrower agrees to pay
interest on the principal amounts disbursed hereunder at a floating rate of interest equal to the Prime Rate plus an additional _________________________, from time to time, from the date of each disbursement until paid at such rates of interest per
annum and upon such dates as provided for in the Agreement. Interest shall accrue on the outstanding principal balance from the date hereof up to and through the date on which all principal and interest hereunder is paid in full, and shall be
computed on the basis of the actual number of days elapsed in a 360-day year. Such interest is to be paid to Bank at its address set forth above or as otherwise provided in the Agreement. For informational
purposes, as of the date hereof the Prime Rate in effect is __________% per annum, thus producing an initial interest rate under the Agreement on such date of ___________% per annum and, when adjusted for a year of 365 days, an initial simple
interest rate of _____________% per annum. Any principal amount due under this Revolving Note (the “Note”) that is not paid on the due date therefor whether on the Maturity Date, or resulting from the acceleration of maturity upon the
occurrence of an Event of Default (as defined in the Agreement), shall bear interest from the date due until payment in full at the Default Rate, as such term is defined in the Agreement. 

This Note evidences loans incurred pursuant to the terms and conditions of the Agreement to which reference is hereby made for a full and
complete description of such terms and conditions, including, without limitation, provisions for the acceleration of the maturity hereof upon the existence or occurrence of certain conditions or events, and the terms of any permitted prepayments
hereof. All capitalized terms used in this Note shall have the same meanings as set forth in the Agreement. 
 Upon the existence or
occurrence of any Event of Default, the principal and all accrued interest hereof shall automatically become, or may be declared, due and payable in the manner and with the effect provided in the Agreement. In addition, this Note is subject to
mandatory prepayment upon the terms and conditions of the Agreement. 
 Bank shall at all times have a right of set-off against any deposit balances of Borrower in the possession of the Bank and the Bank may apply the same against payment of this Note or any other indebtedness of Borrower to the Bank, irrespective of whether
or not Bank has made any demand under the 

 
Loan Agreement. The payment of any indebtedness evidenced by this Note prior to the Maturity Date shall not affect the enforceability of this Note as to any future, different or other
indebtedness incurred hereunder by the Borrower. In the event the indebtedness evidenced by this Note is collected by legal action or through an attorney-at-law, the
Bank shall be entitled to recover from Borrower all costs of collection, including, without limitation, reasonable attorneys’ fees if collected by or through an
attorney-at-law. 
 Borrower acknowledges that the actual
crediting of the amount of any disbursement under the Agreement to an account of Borrower or recording such amount in the records of the Bank shall, in the absence of manifest error, constitute presumptive evidence of such disbursement and that such
Advance was made and borrowed under the Agreement. Such account records shall constitute, in the absence of manifest error, presumptive evidence of principal amounts outstanding and the payments made under the Agreement at any time and from time to
time, provided that the failure of Bank to record in such account the type or amount of any Advance shall not affect the obligation of the undersigned to repay such amount together with interest thereon in accordance with this Note and the
Agreement. 
 Failure or forbearance of Bank to exercise any right hereunder, or otherwise granted by the Agreement or by law, shall not
affect or release the liability of Borrower hereunder, and shall not constitute a waiver of such right unless so stated by Bank in writing. THIS NOTE AND THE RIGHTS AND OBLIGATIONS HEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH AND BE GOVERNED
BY THE LAW (WITHOUT GIVING EFFECT TO THE CONFLICT OF LAW PRINCIPLES THEREOF) OF THE STATE OF GEORGIA. TIME IS OF THE ESSENCE OF THIS NOTE. 

PRESENTMENT FOR PAYMENT, NOTICE OF DISHONOR AND PROTEST ARE HEREBY WAIVED. 

Executed under hand and seal of the Borrower as of the day and year first above written. 

 
  

 

  
 2 

 EXHIBIT A-3 

FORM OF 
 TERM
NOTE 
  

			
	Closing Date: [Closing Date]	  	$_________________
		  	Atlanta, Georgia

 FOR VALUE RECEIVED, the undersigned, _________________ (the “Borrower”), promises to pay to the
order of TRUIST BANK, a North Carolina banking corporation (the “Bank”), at Bank’s principal office in Charlotte, North Carolina, or at such other place as the holder hereof may designate by notice in writing to Borrower, in
immediately available funds in lawful money of the United States of America, _____________________ ($_______________). Repayment will be in _____ consecutive equal monthly installments of principal in the amount of $_____________ based on a
________month amortization plus accrued and unpaid interest and shall be due and payable on each Payment Date, with the first installment being due and payable on ________________, and the remaining outstanding principal balance, together with all
accumulated unpaid interest shall be due and payable on __________________ (the “Maturity Date”). 
 In addition to principal,
Borrower agrees to pay interest on the principal amounts disbursed hereunder at a floating rate of interest equal to the Prime Rate plus an additional _________________________, from time to time, upon such dates as provided for in that certain Loan
Agreement dated as of [____________], by and between Borrower and Bank (as amended, restated, modified or supplemented from time to time, the “Agreement”). Interest shall accrue on the outstanding principal balance from the date hereof up
to and through the date on which all principal and interest hereunder is paid in full, and shall be computed on the basis of the actual number of days elapsed in a 360-day year. Such interest is to be paid to
Bank at its address set forth above or as otherwise provided in the Agreement. For informational purposes, as of the date hereof the Prime Rate in effect is __________% per annum, thus producing an initial interest rate under the Agreement on such
date of ___________% per annum and, when adjusted for a year of 365 days, an initial simple interest rate of _____________% per annum. Any principal amount due under this Term Note (the “Note”) that is not paid on the due date therefor
whether on the due date, or resulting from the acceleration of maturity upon the occurrence of an Event of Default (as defined in the Agreement), shall bear interest from the date due until payment in full at the Default Rate, as such term is
defined in the Agreement. 
 This Note evidences a loan incurred pursuant to the terms and conditions of the Agreement to which reference is
hereby made for a full and complete description of such terms and conditions, including, without limitation, provisions for the acceleration of the maturity hereof upon the existence or occurrence of certain conditions or events, and the terms of
any permitted prepayments hereof. All capitalized terms used in this Note shall have the same meanings as set forth in the Agreement. 

Upon the existence or occurrence of any Event of Default, the principal and all accrued interest hereof shall automatically become, or may be
declared, due and payable in the manner and with the effect provided in the Agreement. In addition, this Note is subject to mandatory prepayment upon the terms and conditions of the Agreement. 

Bank shall at all times have a right of set-off against any deposit balances of Borrower in the
possession of the Bank and the Bank may apply the same against payment of this Note or any other indebtedness of Borrower to the Bank, irrespective of whether or not Bank has made any demand under the Agreement. The payment of any indebtedness
evidenced by this Note prior to the Maturity Date shall not 

 
affect the enforceability of this Note as to any future, different or other indebtedness incurred hereunder by the Borrower. In the event the indebtedness evidenced by this Note is collected by
legal action or through an attorney-at-law, the Bank shall be entitled to recover from Borrower all costs of collection, including, without limitation, reasonable
attorneys’ fees if collected by or through an attorney-at-law. 

Borrower acknowledges that the actual crediting of the amount of any disbursement under the Agreement to an account of Borrower or recording
such amount in the records of the Bank shall, in the absence of manifest error, constitute presumptive evidence of such disbursement. Such account records shall constitute, in the absence of manifest error, presumptive evidence of principal amounts
outstanding and the payments made under the Agreement at any time and from time to time, provided that the failure of Bank to record in such account the type or amount of any advance shall not affect the obligation of the undersigned to repay such
amount together with interest thereon in accordance with this Note and the Agreement. 
 Failure or forbearance of Bank to exercise any
right hereunder, or otherwise granted by the Loan Agreement or by law, shall not affect or release the liability of Borrower hereunder, and shall not constitute a waiver of such right unless so stated by Bank in writing. THIS NOTE AND THE RIGHTS
AND OBLIGATIONS HEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH AND BE GOVERNED BY THE LAW (WITHOUT GIVING EFFECT TO THE CONFLICT OF LAW PRINCIPLES THEREOF) OF THE STATE OF GEORGIA. TIME IS OF THE ESSENCE OF THIS NOTE. 

PRESENTMENT FOR PAYMENT, NOTICE OF DISHONOR AND PROTEST ARE HEREBY WAIVED. 

Executed under hand and seal of the Borrower as of the day and year first above written. 

 
  

 

  
 2 

 EXHIBIT B 
  

	A.	 Permitted Liens 

The following described Liens are Permitted Liens (if none, so state): 

 

					
	 Name of Lien Holder
	  	 Date of Recording
	  	 Collateral

 
  

	B.	 Trade Names and Styles 

The following are the only trade names or trade styles ever used by Borrower (if none, so state): 

 

	C.	 Subsidiaries 

The following are all of the subsidiaries owned by Borrower (if none, so state): 

 

	D.	 Business Locations 

The following are all of the locations where Borrower has an office or other place of business or owns assets: 

 EXHIBIT C 

COMPLIANCE CERTIFICATE OF BORROWER 

(Pursuant to Section 7.2 of Loan and Security Agreement dated __________________) 

__________________ (the “Borrower”) HEREBY CERTIFIES that: 

This Compliance Certificate is furnished pursuant to the Loan and Security Agreement (the “Agreement”) dated __________________
by and between the Borrower and TRUIST BANK (the “Bank”). Unless otherwise defined herein, the terms used in this Report have the meanings given to them in this Agreement. 

1. The figures and information for determining compliance by the Borrower with the financial covenants set forth in the Quarterly Covenant
Compliance Report attached hereto have been prepared based upon the financial reports accompanied hereby and both the Quarterly Covenant Compliance Report and such financial reports are true and complete as of the date hereof. 

2. The activities of the Borrower during the preceding quarter have been reviewed by the president or other authorized officer or the
employees or agents under his immediate supervision. Based on such review, to the best knowledge and belief of the president or other authorized officer, and as of the date of this Certificate, the Borrower has performed and observed each and every
covenant contained in the Agreement to be performed by it, and no Event of Default or Default Condition exists, except for the following: 
 Please describe
or indicate “None” if none exist: 
  
  

 
  
  

 
 3. The Borrower has properly and
accurately reported all Asset Dispositions pursuant to Section 2.12 of the Agreement. 
 WITNESS my hand this _______ day of
______________________, _______. 

 EXHIBIT D 

QUARTERLY COVENANT COMPLIANCE REPORT 

(Section 6—Financial Covenants) 
 Test
Borrower                                        
         
 For Quarter Ending:
                                       

With respect to the financial covenants set forth below which are calculated based upon the Opening Date of a store location, the financial
information from store locations that have not reached the Opening Date anniversary incorporated into such covenants shall be excluded from such calculations. [Debt Service and] Debt attributable to such locations and deducted from the final
calculations shall be deducted on a pro rata basis calculated by dividing such stores’ aggregate Net Book Value of Merchandise by the Net Book Value of Merchandise for all store locations. The financial covenants shall otherwise be calculated
on a consolidated basis as to all store locations. 
  

	I.	 Rental Revenue to Debt Service 

 

									
	A.	  	Enter amount of quarterly Rental Revenue.	  		 	$                                     
                   	 	                
					
	B.	  	Enter amount of quarterly Rental Revenue attributable to store locations open less than 25 months.	  		 	$                                     
                   	 	
					
	C.	  	Subtract B from A.	  		 	$                                     
                   	 	
					
	D.	  	Enter amount of quarter’s Debt Service.	  	$                    	 		 	
					
	E.	  	Enter amount of quarter’s Debt Service attributable to store locations open less than 25 months.	  		 	$                                     
                   	 	
					
	F.	  	Subtract E from D.	  		 	$                                     
                   	 	
					
		  	 Ratio of C:F.
	  		 	                                     
                     	 	
				
		  	 STANDARD — Ratio not less than —   2.2: 1.0
	 		 	
					
		  	 Compliance?     ☐    Yes    
☐    No
	  		 		 	

  

	II.	 Debt to Rental Revenue 

 

									
	A.	  	Enter amount of Debt.	  		 	$                                      
                  	 	                
					
	B.	  	[Enter amount of Debt attributable to store locations open less than 19 months.	  	                      	 	$                                      
                   ]	 	
					
	C.	  	[Subtract B from A.	  		 	$                                      
                   ]	 	

									
	D.	  	Enter Amount of last quarter’s Rental Revenue.	  		 	$                                      
                  	 	                    
					
	E.	  	[Enter amount of last quarter’s Rental Income attributable to store locations open less than 19 months.	  	                    	 	$                                      
                  ]	 	
					
	F.	  	[Subtract E from D.	  		 	$                                      
                  ]10	 	
				
		  	 Ratio of C : F.
	 	                                      
                  	 	
				
		  	 STANDARD...   [__] : 1.0        
	 		 	
				
		  	Compliance?     ☐    Yes     ☐    No	 		 	

 Note: All terms are those used in generally accepted accounting practices unless specifically defined in the Agreement. 

 

	10 	 Note: This covenant will apply and be tested on last day of each calendar quarter and not be tied to any
Opening Date of store locations in the case of any Loan Agreement providing for Loans to make available to a Borrower consisting solely of Revolving Loans. In which case, the bracketed portions of this Debt to Rental Revenue covenant will not be
applicable. Covenant levels for this covenant will be established by Aaron’s for each Borrower as per the Servicing Agreement. 

  
 2 

 EXHIBIT D 

TO 
 LOAN
FACILITY AGREEMENT AND GUARANTY 
 FORM OF GUARANTY AGREEMENT 

This Guaranty Agreement (this “Agreement”), dated as of November 17, 2020, is by and among AARON’S, LLC, a Georgia
limited liability company (the “Sponsor”), THE AARON’S COMPANY, INC. (f/k/a AARON’S SPINCO, INC.), a Georgia corporation (“Holdings”), certain Subsidiaries of Holdings listed on Schedule I hereto (together
with Holdings, each, individually, a “Guarantor” and collectively, the “Guarantors”) and TRUIST BANK, a North Carolina banking corporation, as servicer (the “Servicer”). 

Reference is made to that certain Loan Facility Agreement and Guaranty dated as of the date hereof (as amended, restated, supplemented or
otherwise modified from time to time, the “Loan Facility Agreement”) by and among the Sponsor, Holdings, the Participants and Truist Bank, as Servicer (the Servicer and the Participants shall be referred to collectively as the
“Guaranteed Parties”). Capitalized terms used herein and not defined herein shall have the meanings assigned to such terms in the Loan Facility Agreement. 

The Participants have agreed to provide lines of credit to Franchisees of the Sponsor pursuant to, and upon the terms and subject to the
conditions specified in, the Loan Facility Agreement. Holdings is the direct parent of the Sponsor and acknowledges that it will derive substantial benefit from the Loan Facility Agreement. Each Guarantor (other than Holdings) is a direct or
indirect Restricted Subsidiary of the Sponsor and acknowledges that it will derive substantial benefit from the Loan Facility Agreement. It is a condition precedent to the effectiveness of the Loan Facility Agreement and the obligations of the
Participants to continue to make Loans are conditioned on, among other things, the execution and delivery by the Guarantors of this Agreement. As consideration therefor and in order to induce the Participants to make Loans, and for other good and
valuable consideration, the receipt and sufficiency of which is hereby acknowledged, each Guarantor is willing to execute this Agreement. 

Accordingly, the parties hereto agree as follows: 

SECTION 1. Guarantee. Each Guarantor unconditionally guarantees, jointly with the other Guarantors and severally, as a primary obligor
and not merely as a surety, (a) the due and punctual payment of all obligations owing by the Sponsor to the Guaranteed Parties, including fees, costs, expenses and indemnities, whether primary, secondary, direct, contingent, fixed or otherwise
(including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), under the Loan Facility Agreement and the other
Operative Documents and (b) the due and punctual performance of all covenants, agreements, obligations and liabilities of the Sponsor under or pursuant to the Loan Facility Agreement and the other Operative Documents (all the monetary and other
obligations referred to in the preceding clauses (a) and (b) being collectively called 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. 

SECTION 2. Obligations Not Waived. To the fullest extent permitted by applicable law, each Guarantor waives presentment to, demand of
payment from and protest to the Sponsor of any of the Obligations, and also waives notice of acceptance of its guarantee and notice of protest for nonpayment. To the fullest extent permitted by applicable law, the obligations of each Guarantor
hereunder shall not be affected by (a) the failure of any Guaranteed Party to assert any claim or demand or to enforce or exercise 

 any right or remedy against the Sponsor or any other Guarantor under the provisions of the Loan Facility
Agreement, any other Operative Document or otherwise, (b) any rescission, waiver, amendment or modification of, or any release from any of the terms or provisions of, this Agreement, any other Operative Document, any Guarantee or any other
agreement, including with respect to any other Guarantor under this Agreement or (c) the failure to perfect any security interest in, or the release of, any of the security held by or on behalf of any Guaranteed Parties. 

SECTION 3. Guarantee of Payment. Each Guarantor further agrees that its guarantee constitutes a guarantee of payment when due and not
of collection, and waives any right to require that any resort be had by any Guaranteed Party to any of the security held for payment of the Obligations or to any balance of any deposit account or credit on the books of any Guaranteed Party in favor
of the Sponsor or any other person. 
 SECTION 4. No Discharge or Diminishment of Guarantee. The obligations of each Guarantor
hereunder shall not be subject to any reduction, limitation, impairment or termination for any reason (other than the indefeasible payment in full in cash of the Obligations), including any claim of waiver, release, surrender, alteration or
compromise of any of the Obligations, and shall not be subject to any defense 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 the failure of any Guaranteed Party to assert any claim or demand or to enforce any remedy under the Loan
Facility Agreement, any other Operative Document or any other agreement, by any waiver or modification of any provision of any thereof, by any default, failure or delay, willful or otherwise, in the performance of the Obligations, or by any other
act or omission that may or might in any manner or to the extent vary the risk of any Guarantor or that would otherwise operate as a discharge of each Guarantor as a matter of law or equity (other than the indefeasible payment in full in cash of all
the Obligations). 
 SECTION 5. Defenses of Borrower Waived. To the fullest extent permitted by applicable law, each Guarantor waives
any defense based on or arising out of any defense of the Sponsor or the unenforceability of the Obligations or any part thereof from any cause, or the cessation from any cause of the liability of the Sponsor, other than the final and indefeasible
payment in full in cash of the Obligations. The Guaranteed Parties may, at their election, foreclose on any security held by one or more of them by one or more judicial or nonjudicial sales, accept an assignment of any such security in lieu of
foreclosure, compromise or adjust any part of the Obligations, make any other accommodation with the Sponsor or any other guarantor, without affecting or impairing in any way the liability of any Guarantor hereunder except to the extent the
Obligations have been fully, finally and indefeasibly paid in cash. Pursuant to 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 each Guarantor against the Sponsor or any other Guarantor or guarantor, as the case may be, or any security. 

SECTION 6. Agreement to Pay; Subordination. In furtherance of the foregoing and not in limitation of any other right that any
Guaranteed Party has at law or in equity against any Guarantor by virtue hereof, upon the failure of any Credit Party to pay any Obligation when and as the same shall become due, whether at maturity, by acceleration, after notice of prepayment or
otherwise, each Guarantor hereby promises to and will forthwith pay, or cause to be paid, to the Servicer for the benefit of the Participants in cash the amount of such unpaid Obligations. Upon payment by any Guarantor of any sums to the Servicer,
all rights of such Guarantor against the Sponsor arising as a result thereof by way of right of subrogation, contribution, reimbursement, indemnity or otherwise shall in all respects be subordinate and junior in right of payment to the prior
indefeasible payment in full in cash of all the Obligations. In addition, any indebtedness of the Sponsor now or hereafter held by any Guarantor is hereby subordinated in right of 

  
 4 

 
payment to the prior payment in full in cash of the Obligations. If any amount shall erroneously be paid to any Guarantor on account of (i) such subrogation, contribution, reimbursement,
indemnity or similar right or (ii) any such indebtedness of the Sponsor, such amount shall be held in trust for the benefit of the Guaranteed Parties and shall forthwith be paid to the Servicer to be credited against the payment of the
Obligations, whether matured or unmatured, in accordance with the terms of the Operative Documents. 
 SECTION 7. Information. Each
Guarantor assumes all responsibility for being and keeping itself informed of the Sponsor’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 none of the Guaranteed Parties will have any duty to advise any of the Guarantors of information known to it or any of them regarding such circumstances or risks. 

SECTION 8. Representations and Warranties. Holdings represents and warrants as to itself that all representations and warranties
relating to it contained in the Loan Facility Agreement are true and correct. Each Guarantor (other than Holdings) represents and warrants as to itself that all representations and warranties relating to it (as a Restricted Subsidiary of the
Sponsor) contained in the Loan Facility Agreement are true and correct 
 SECTION 9. Termination. The guarantees made hereunder
(a) shall terminate when all the Obligations have been paid in full in cash and the Participants have no further commitment to lend under the Loan Facility Agreement and (b) shall continue to be effective or be reinstated, as the case may
be, if at any time payment, or any part thereof, of any Obligation is rescinded or must otherwise be restored by any Participant or any Guarantor upon the bankruptcy or reorganization of any Credit Party or otherwise. In connection with the
foregoing, the Servicer shall execute and deliver to such Guarantor or such Guarantor’s designee, at such Guarantor’s expense, any documents or instruments which such Guarantor shall reasonably request from time to time to evidence such
termination and release. 
 SECTION 10. Binding Effect; Several Agreement; Assignments. Whenever in this Agreement any of the parties
hereto is referred to, such reference shall be deemed to include the successors and assigns of such party; and all covenants, promises and agreements by or on behalf of the Guarantors that are contained in this Agreement shall bind and inure to the
benefit of each party hereto and their respective successors and assigns. This Agreement shall become effective as to any Guarantor when a counterpart hereof executed on behalf of such Guarantor shall have been delivered to the Servicer, and a
counterpart hereof shall have been executed on behalf of the Servicer, and thereafter shall be binding upon such Guarantor and the Servicer and their respective successors and assigns, and shall inure to the benefit of such Guarantor, the Guaranteed
Parties, and their respective successors and assigns, except that no Guarantor shall have the right to assign its rights or obligations hereunder or any interest herein (and any such attempted assignment shall be void). If (a) all of the
Capital Stock of a Guarantor (other than Holdings) is sold, transferred or otherwise disposed of pursuant to a transaction permitted by the Loan Facility Agreement or (b) a Guarantor (other than Holdings) ceases to be a Restricted Subsidiary as
a result of a transaction permitted by the Loan Facility Agreement, such Guarantor shall be released from its obligations under this Agreement without further action. This Agreement shall be construed as a separate agreement with respect to each
Guarantor and may be amended, modified, supplemented, waived or released with respect to any Guarantor without the approval of any other Guarantor and without affecting the obligations of any other Guarantor hereunder. 

  
 5 

 SECTION 11. Waivers; Amendment. 

(a) No failure or delay of the Servicer if any in exercising any power or right hereunder shall operate as a waiver thereof, nor shall any
single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other right or power. The rights and
remedies of the Servicer hereunder and of the Participants under the other Operative Documents are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of this Agreement or consent to
any departure by any Guarantor therefrom shall in any event be effective unless the same shall be permitted by Section 11(b), and then such waiver and consent shall be effective only in the specific instance and for the
purpose for which given. No notice or demand on any Guarantor in any case shall entitle such Guarantor to any other or further notice in similar or other circumstances. 

(b) Neither this Agreement nor any provision hereof may be waived, amended or modified except pursuant to a written agreement entered into
between the Guarantors with respect to which such waiver, amendment or modification relates and the Servicer, with the prior written consent of the Required Participants (except as otherwise provided in the Loan Facility Agreement). 

SECTION 12. Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK
(WITHOUT GIVING EFFECT TO THE CONFLICTS OF LAW PRINCIPLES THEREOF). 
 SECTION 13. Notices. All communications and notices hereunder
shall be in writing and given as provided in Section 15.1 of the Loan Facility Agreement. All communications and notices hereunder to each Guarantor shall be given to it at its address set forth on Schedule I attached hereto. 

SECTION 14. Survival of Agreement; Severability. 

(a) All covenants, agreements representations and warranties made by the Guarantors herein and in the certificates or other instruments
prepared or delivered in connection with or pursuant to this Agreement or the other Operative Documents shall be considered to have been relied upon by the Guaranteed Parties and shall survive the making by the Participants of the Loans regardless
of any investigation made by any of them or on their behalf, and shall continue in full force and effect as long as the principal of or any accrued interest on any Loan or any other fee or amount payable under this Agreement or any other Operative
Document is outstanding and unpaid and as long as the Facility Commitments have not been terminated. 
 (b) In the event one or more of the
provisions contained in this Agreement or in any other Operative 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 15. Counterparts. This Agreement may be executed in counterparts, each of which shall constitute an original, but all of which
when taken together shall constitute a single contract. Delivery of an executed signature page to this Agreement by facsimile transmission shall be as effective as delivery of a manually executed counterpart of this Agreement. 

SECTION 16. Rules of Interpretation. The rules of interpretation specified in Section 1.3 of the Loan Facility Agreement shall be
applicable to this Agreement. 

  
 6 

 SECTION 17. Jurisdiction; Consent to Service of Process. 

(a) Each Guarantor hereby irrevocably and unconditionally submits, for itself and its property, to the exclusive jurisdiction of the United
States District Court for the Southern District of New York, and of the Supreme Court of the State of New York sitting in New York County, Borough of Manhattan and any appellate court from any thereof,, in any action or proceeding arising out
of or relating to this Agreement or the other Operative Documents, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or
proceeding may be heard and determined in such New York State court 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 any Guaranteed Party may otherwise have to bring any action or proceeding relating to this
Agreement or the other Operative Documents against any Guarantor or its properties in the courts of any jurisdiction. 
 (b) Each Guarantor
hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection that 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 Operative Documents in any New York State or Federal court. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action
or proceeding in any such court. 
 (c) Each party to this Agreement irrevocably consents to service of process in the manner provided for
notices in Section 13. 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 18. Waiver of Jury Trial. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY
HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR THE OTHER OPERATIVE 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 OPERATIVE DOCUMENTS, AS APPLICABLE, BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 18. 

SECTION 19. Additional Guarantors. Pursuant to Section 6.10 of the Loan Facility Agreement, each Restricted Subsidiary that is a
Material Domestic Subsidiary that was not in existence on the date of the Loan Facility Agreement is required to enter into this Agreement as a Guarantor upon becoming a Restricted Subsidiary. Upon execution and delivery after the date hereof by the
Servicer and such Restricted Subsidiary of an instrument in the form of Annex 1, such Restricted Subsidiary shall become a Guarantor hereunder with the same force and effect as if originally named as a Guarantor herein. The execution and
delivery of any instrument adding an additional Guarantor as a party to this Agreement shall not require the consent of any other Guarantor hereunder. The rights and obligations of each Guarantor hereunder shall remain in full force and effect
notwithstanding the addition of any new Guarantor as a party to this Agreement. 

  
 7 

 SECTION 20. Right of Setoff. If a Credit Event shall have occurred and be continuing,
each Participant is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other
Indebtedness at any time owing by such Participant to or for the credit or the account of any Guarantor against any or all the obligations of such Guarantor now or hereafter existing under this Agreement and the other Operative Documents held by
such Participant, irrespective of whether or not such Person shall have made any demand under this Agreement or any other Operative Document and although such obligations may be unmatured. The rights of each Participant under this
Section 20 are in addition to other rights and remedies (including other rights of setoff) which such Participant may have. 

SECTION 21. Indemnity, Contribution, and Subrogation. 

(a) In addition to all such rights of indemnity and subrogation as each Guarantor may have under applicable law, the Servicer agrees that
(i) in the event a payment shall be made on behalf of the Sponsor by any Guarantor hereunder, the Sponsor 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 (ii) in the event any assets of any Guarantor shall be sold to satisfy a claim of any Guaranteed Party hereunder, the Sponsor 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. 
 (b) Each Guarantor (a “Contributing
Guarantor”) agrees that, in the event a payment shall be made by any other Guarantor hereunder, or assets of any other Guarantor shall be sold to satisfy a claim of any Guaranteed Party hereunder, and such other Guarantor (the
“Claiming Guarantor”) shall not have been fully indemnified by the Sponsor as provided in Section 21(a), each Contributing Guarantor shall indemnify each Claiming Guarantor in an amount equal to the amount
of such payment or the greater of the book value or the fair market value of such assets, as the case may be, in each case multiplied by a fraction of which the numerator shall be the net worth of such Contributing Guarantor on the date hereof and
the denominator shall be the aggregate net worth of the Sponsor and all of the Guarantors on the date hereof (or, in the case of any Guarantor becoming a party hereto pursuant to Section 19, 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 21(b) shall be subrogated to the rights of such Claiming Guarantor under
Section 21(a) to the extent of such payment. As used herein, the term “net worth” shall mean, as at any date of determination, the consolidated shareholders’ equity of the Sponsor and the Guarantors, as
determined in each case on a consolidated basis in accordance with GAAP. 
 [remainder of page intentionally left blank] 

  
 8 

 Each Guarantor has read, understands, and agrees to the provisions of this Agreement and has
executed the same voluntarily, under seal, with full authority and with the intent to be legally bound by its terms, conditions, and obligations. 
  

			
	 THE AARON’S COMPANY, INC.,
 as
Holdings

		
	By:	 	              

	Name:
	Title:
	
	 [TBD],
 as Guarantor11

		
	By:	 	              

	Name:
	Title:

  
   

 

	11 	 NTD: Other Guarantors to be determined. 

  
 AARON’S, LLC 

GUARANTY AGREEMENT (LFA) 

 
			
	TRUIST BANK, as Servicer
		
	By:	 	
                 

	Name:
	Title:

  

  
 AARON’S, LLC 

GUARANTY AGREEMENT (LFA) 

 SCHEDULE I TO THE 

GUARANTY AGREEMENT 
  

			
	Guarantors                               
                                 	  	Address                                 
                                         
  
	Aaron Investment Company, LLC	  	400 Galleria Parkway SE, Suite 300
	Aaron’s Business Real Estate Holdings, LLC	  	Atlanta, GA 30339
	Aaron’s Logistics, LLC	  	Attn: Chief Financial Officer
	Aaron’s US HoldCo, Inc.	  	
	Envizzo, LLC	  	
	Woodhaven Furniture Industries, LLC	  	

 ANNEX 1 TO THE 

GUARANTY AGREEMENT 
 This
SUPPLEMENT NO. [    ] (this “Supplement”), dated as of [                 ], to the Guaranty Agreement (the “Guaranty
Agreement”) dated as of November 17, 2020, among THE AARON’S COMPANY, INC. (f/k/a AARON’S SPINCO, INC.), a Georgia corporation (“Holdings”), certain Subsidiaries of Holdings listed on Schedule I thereto
(together with Holdings, each, individually, a “Guarantor” and collectively, the “Guarantors”) and TRUIST BANK, a North Carolina banking corporation, as Servicer (the “Servicer”) for the
Participants (as defined in the Loan Facility Agreement referred to below) (the Servicer and the Participants shall hereafter be referred to collectively as the Guaranteed Parties). 

A. Reference is made to the Loan Facility Agreement and Guaranty, dated as of November 17, 2020 (as amended, supplemented or otherwise
modified from time to time, the “Loan Facility Agreement”), among the Sponsor, Holdings, the lending institutions listed on the signature pages thereto (the “Participants”) and the Servicer. 

B. Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Guaranty Agreement and
the Loan Facility Agreement. 
 C. The Guarantors have entered into the Guaranty Agreement in order to induce the Participants to extend
credit to Franchisees of the Sponsor. Pursuant to Section 6.10 of the Loan Facility Agreement, each Restricted Subsidiary that is a Material Domestic Subsidiary that was not in existence or not a Credit Party on the date of the Loan Facility
Agreement is required to enter into the Guaranty Agreement as a Guarantor upon becoming a Restricted Subsidiary. Section 19 of the Guaranty Agreement provides that additional Restricted Subsidiaries of the Sponsor may become Guarantors under
the Guaranty Agreement by execution and delivery of an instrument in the form of this Supplement. The undersigned Restricted Subsidiary of the Sponsor (the “New Guarantor”) is executing this Supplement in accordance with the
requirements of the Loan Facility Agreement to become a Guarantor under the Guaranty Agreement in order to induce the Participants to make additional Loans and as consideration for Loans previously made. 

Accordingly, the Servicer and the New Guarantor agree as follows: 

SECTION 1. In accordance with Section 19 of the Guaranty Agreement, the New Guarantor by its signature below becomes a Guarantor under
the Guaranty Agreement with the same force and effect as if originally named therein as a Guarantor and the New Guarantor hereby (a) agrees to all the terms and provisions of the Guaranty Agreement applicable to it as Guarantor thereunder and
(b) represents and warrants that the representations and warranties made by it as a Guarantor thereunder are true and correct on and as of the date hereof. Each reference to a Guarantor in the Guaranty Agreement shall be deemed to include the
New Guarantor. The Guaranty Agreement is hereby incorporated herein by reference. 
 SECTION 2. The New Guarantor represents and warrants to
the Guaranteed 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 may be limited by applicable
bankruptcy, insolvency, reorganization, moratorium, or similar laws affecting the enforcement of creditors’ rights generally and by general principles of equity. 

 SECTION 3. This Supplement may be executed in 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 Servicer shall have received counterparts of this Supplement that, when taken together, bear the signatures of the New
Guarantor and the Servicer. Delivery of an executed signature page to this Supplement by facsimile transmission shall be as effective as delivery of a manually signed counterpart of this Supplement. 

SECTION 4. Except as expressly supplemented hereby, the Guaranty Agreement shall remain in full force and effect. 

SECTION 5. THIS SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK (WITHOUT GIVING EFFECT TO
CONFLICTS OF LAW PRINCIPLES THEREOF). 
 SECTION 6. 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 Guaranty Agreement shall not in any way be affected or impaired thereby (it being understood that the
invalidity of a particular provision hereof 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 7. All communications and notices hereunder shall be in writing and given as provided in Section 13 of the Guarantee Agreement.

 IN WITNESS WHEREOF, the New Guarantor and the Servicer have duly executed this Supplement to
the Guaranty Agreement as of the day and year first above written. 
  

			
	[Name of New Guarantor]
		
	By:	 	              

	Name:
	Title:
	Address:
	
	TRUIST BANK, as Servicer
		
	By:	 	
                     

	Name:
	Title:

					
	 EXHIBIT E

TO
 LOAN
FACILITY AGREEMENT AND GUARANTY
  
 FORM OF
PARTICIPATION CERTIFICATE
  

	SERVICER:	  	 Truist Bank    

Aaron’s Program Manager    

Program Lending    

303 Peachtree Street, N.E.    

2nd Floor    

Mail Code 1802    

Atlanta, Georgia 30308    
	  	CERTIFICATE NO. __

 DATE:
                         ,      

This is to certify that Truist Bank (“Servicer”), has sold to _____________ (“Participant”)
and Participant has purchased from Servicer an undivided ____% ownership interest in (i) the Facility Commitment, (ii) the Loan Commitments, (iii) the Loans, (iv) the Collateral, (v) all rights against any guarantor of any
Loan, including the Sponsor, (vi) all rights pursuant to the Guaranty Agreement, (vii) the Loan Documents and (viii) all right, title and interest to any payment or right to receive payment with respect to the foregoing (collectively,
the “Participant’s Interest”). Notwithstanding the foregoing, each Participant’s right to receive payments of interest, commitment fees or other fees with respect to the Commitment, the Loan Commitments and the
Loans shall not exceed the amounts which such Participant is entitled to receive pursuant to the terms of the Loan Facility Agreement referenced below. 

This Certificate is issued pursuant to the terms and conditions of that certain Loan Facility Agreement and Guaranty dated as of
November 17, 2020, by and among Servicer, Participant, Aaron’s, LLC, Holdings and certain other financial institutions named therein and from time to time a party thereto (as amended, restated, modified or supplemented from time to time,
the “Loan Facility Agreement”). Reference is made to said Loan Facility Agreement for the terms and conditions of the participation evidenced hereby. All terms used in this Certificate shall have the same meanings as set
forth in said Loan Facility Agreement. 
 This Certificate is neither transferable nor negotiable. 

 

					
	TRUIST BANK, as Servicer
		
	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

 EXHIBIT F 

TO 
 LOAN
FACILITY AGREEMENT AND GUARANTY 
 FORM OF MONTHLY SERVICING REPORT 

Aaron’s, LLC Loan Program 
  

 
 Aaron’s, LLC Loan Program

 Monthly Servicing Report 
 Payment
Date:
                                        
                                 Payment
Period:                         thru
                                     

 
  

Program Summary 
  

					
	  	  	
Borrowers with Line of

Credit Commitments
	  	
Borrowers with Revolving

Commitments or Term
 Loan
Commitments

	US Loans Outstanding as of Last Day of Payment Period	  	 	  	 
	Canadian Loans Outstanding as of Last Day of Payment Period	  	 	  	 
	US Loans Outstanding as of Payment Date	  	 	  	 
	Canadian Loans Outstanding as of Payment Date	  	 	  	 
	Amount of US Loans Repurchased by Sponsor Since Last Payment Date	  	 	  	 
	Amounts collected with respect to Collateral for US Loans since Last Payment Date	  	 	  	 
	Amount of Canadian Loans Repurchased by Sponsor since Last Payment Date	  	 	  	 
	Amounts collected with respect to Collateral for Canadian Loans since Last Payment Date	  	 	  	 
	Aggregate Loan Commitments as of Preceding Payment Date	  	 	  	 
	Aggregate US Loan Commitments as of Payment Date	  	 	  	 
	Aggregate Canadian Loan Commitments as of Payment Date	  	 	  	 

 Past Due US Loans 
  

	    	 None for this period 

 

	    	 See Attached Past Due Report 

Past Due Canadian Loans 
  

	    	 None for this period 

 

	    	 See Attached Past Due Report 

 
  

 EXHIBIT G 

TO 
 LOAN
FACILITY AGREEMENT AND GUARANTY 
 FORM OF SECURITY AND PLEDGE AGREEMENT 

THIS SECURITY AND PLEDGE AGREEMENT (as amended, restated, amended and restated, modified and supplemented from time to time, this
“Agreement”) is entered into as of [ ] among the parties identified as “Obligors” on the signature pages hereto and such other parties that may become Obligors hereunder after the date hereof (each individually an
“Obligor” and collectively the “Obligors”), and TRUIST BANK, in its capacity as Servicer (in such capacity, the “Servicer”) for the holders of the Secured Obligations (defined below). 

RECITALS 
 WHEREAS,
reference is made to that certain Loan Facility Agreement and Guaranty (as amended, modified, supplemented, increased, extended, restated, refinanced and replaced from time to time, the “Loan Facility Agreement”) dated as of
November 17, 2020 among Aaron’s, LLC, a Georgia limited liability company (the “Sponsor”), The Aaron’s Company, Inc. (f/k/a Aaron’s Spinco, Inc.), a Georgia corporation (“Holdings”), the
Participants from time to time party thereto, and Truist Bank, in its capacity as Servicer; and 
 WHEREAS, this Agreement is required by
the terms of the Loan Facility Agreement. 
 NOW, THEREFORE, in consideration of these premises and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 1. Definitions. 

(a) Capitalized terms used and not otherwise defined herein shall have the meanings ascribed to such terms in the Loan Facility Agreement, and
the following terms which are defined in the Uniform Commercial Code in effect from time to time in the State of New York except as such terms may be used in connection with the perfection of the Collateral and then the applicable jurisdiction with
respect to such affected Collateral shall apply (the “UCC”): Accession, Account, Adverse Claim, As-Extracted Collateral, Chattel Paper, Commercial Tort Claim, Consumer Goods, Deposit Account,
Document, Electronic Chattel Paper, Equipment, Farm Products, Financial Asset, Fixtures, General Intangible, Goods, Instrument, Inventory, Investment Company Security, Investment Property, Letter-of-Credit Right, Manufactured Home, Money, Proceeds, Securities Account, Securities Intermediary, Security, Security Entitlement, Software, Supporting Obligation and Tangible Chattel Paper. 

(b) In addition, the following terms shall have the meanings set forth below: 

“Agreement” has the meaning provided in the introductory paragraph hereof. 

“Collateral” has the meaning provided in Section 2 hereof. 

“Copyright License” shall mean any written agreement, naming any Obligor as licensor, granting any right under
any Copyright. 
 “Copyrights” shall mean (a) all registered United States copyrights in all Works, now
existing or hereafter created or acquired, all registrations and recordings thereof, and all applications in connection therewith, including, without limitation, registrations, recordings and applications in the United States Copyright Office, and
(b) all renewals thereof. 

 “Excluded Accounts” shall mean (a) deposit and/or
securities accounts the balance of which consists exclusively of (i) withheld income taxes and federal, state or local employment taxes in such amounts as are required in the reasonable judgment of the Sponsor to be paid to the IRS or state or
local government agencies within the following two (2) months with respect to employees of any of the Credit Parties or (ii) amounts required to be paid over to an employee benefit plan pursuant to DOL Reg. Sec. 2510.3-102 on behalf of or for the benefit of employees of one or more Credit Parties, (b) all tax accounts (including, without limitation, sales tax accounts), accounts used solely for payroll, accounts
maintained solely in trust for the benefit of third parties and fiduciary purposes, escrow accounts, zero balance or swept accounts and employee benefit accounts (including 401(k) accounts and pension fund accounts), in each case, so long as such
account is used solely for such purpose, (c) any deposit and/or securities account maintained in a jurisdiction outside of the United States and (d) accounts the balance of which consists exclusively of amounts to be paid to employees in
the ordinary course of business. 
 “Excluded Property” shall mean, with respect to any Obligor,
(a) any owned real property located outside the United States, (b) any owned real property located in the United States that is owned in fee by an Obligor which is not Material Real Estate, (c) any leased real property, (d) any
copyrights, copyright licenses, patents, patent licenses, trademarks or trademark licenses for which a perfected Lien thereon is not effected either by filing of a Uniform Commercial Code financing statement or by appropriate evidence of such Lien
being filed in either the United States Copyright Office or the United States Patent and Trademark Office, (e) any personal property for which the attachment or perfection of a Lien thereon is not governed by the Uniform Commercial Code
(including motor vehicles and other assets subject to certificates of title), (f) the Capital Stock in any Unrestricted Subsidiary, (g) the Capital Stock in any Foreign Subsidiary that is a Restricted Subsidiary to the extent not required to be
pledged to secure the Guaranteed Obligations pursuant to Section 6.10(b) of the Loan Facility Agreement, (h) any property which, subject to the terms of Section 8.8 of the Loan Facility Agreement, is subject to a Lien of the type
described in Section 8.2(c) of the Loan Facility Agreement pursuant to documents which prohibit such Credit Party from granting any other Liens in such property, (i) Excluded Accounts, (j) those assets over which the granting of a
Lien in such assets in favor of the Servicer would be prohibited by applicable law, regulation or contract (including any requirement under or in accordance with such law, rule or regulation to obtain consent from a third party, including any
governmental or regulatory authority), so long as (i) any contractual restriction is not incurred in contemplation of the owning entity’s becoming a Restricted Subsidiary or the entry of such owning entity into the Credit Documents and
(ii) such contract is permitted under this Agreement, in each case, after giving effect to Sections 9-406, 9-407, 9-408 and 9-409 of the Uniform Commercial Code or any other applicable law or principle of equity, other than any receivables and proceeds thereof (the assignment of which is expressly deemed effective under the Uniform
Commercial Code notwithstanding such prohibition), (k) any intent-to-use trademark application prior to the filing of a “Statement of Use” or “Amendment
to Allege Use” with respect thereto, to the extent, if any, that, and solely during the period, if any, in which the grant or enforcement of a security interest therein would impair the validity or enforceability of such intent-to-use trademark application under applicable federal law, (l) assets to the extent a security interest in such assets would result in material adverse tax
consequences (including, without limitation, as a result of the operation of Section 956 of the United States Code or any similar law or regulation in any applicable jurisdiction), as reasonably determined by the Sponsor in good faith,
(m) at any time before the date that is 1 year after the Funding Availability Date, the Specified Asset and (n) other assets to the extent the Sponsor and the Servicer agree in writing that the cost of obtaining or perfecting a security
interest in such assets is excessive in relation to the value of the security afforded thereby; provided, however, that the security interest granted to the Servicer under this Agreement or any other Credit Document shall attach
immediately to any asset of any Credit Party at such time as such asset ceases to meet any of the criteria for “Excluded Property” described in any of the foregoing clauses (a) through (n) above. 

  
 2 

 “Loan Facility Agreement” has the meaning provided in the recitals hereof.

 “Material Agreements” shall mean (a) all agreements, indentures or notes governing the terms of any
Material Indebtedness and (b) all other agreements, documents, contracts, indentures and instruments pursuant to which a default, breach or termination thereof would reasonably be expected to result in a Material Adverse Effect. 

“Obligor” and “Obligors” have the meanings provided in the introductory paragraph hereof.

 “Patent License” shall mean any agreement, whether written or oral, providing for the grant by or to an
Obligor of any right to manufacture, use or sell any invention covered by a Patent. 
 “Patents” shall mean
(a) all letters patent of the United States or any other country and all reissues and extensions thereof, and (b) all applications for letters patent of the United States or any other country and all divisions, continuations and continuations-in-part thereof. 
 “Pledged
Equity” shall mean, with respect to each Obligor, (a) one hundred percent (100%) of the issued and outstanding Capital Stock of each Domestic Subsidiary that is a Restricted Subsidiary and
(b) sixty-six percent (66%) of the issued and outstanding Capital Stock entitled to vote (within the meaning of Treas. Reg. Section 1.956-2(c)(2)) and one
hundred percent (100%) of the issued and outstanding Capital Stock not entitled to vote (within the meaning of Treas. Reg. Section 1.956-2(c)(2)) in each Foreign Subsidiary that is a Restricted
Subsidiary, directly owned by any Obligor, including without limitation the Capital Stock of the Subsidiaries owned by such Obligor as set forth on Schedule 1 hereto, in each case together with the certificates (or other
agreements or instruments), if any, representing such Capital Stock, and all options and other rights, contractual or otherwise, with respect thereto, including, but not limited to, the following: 

(1) all Capital Stock representing a dividend thereon, or representing a distribution or return of capital upon or in respect
thereof, or resulting from a stock split, revision, reclassification or other exchange therefor, and any subscriptions, warrants, rights or options issued to the holder thereof, or otherwise in respect thereof; and 

(2) in the event of any consolidation or merger involving the issuer thereof and in which such issuer is not the surviving
Person, all shares of each class of the Capital Stock of the successor Person formed by or resulting from such consolidation or merger, to the extent that such successor Person is a direct Subsidiary of an Obligor; provided that if such
successor Person is a Foreign Subsidiary or a Domestic Subsidiary that is an Excluded Subsidiary, such Capital Stock shall be limited to the amount described in clause (b) hereof. 

“Secured Obligations” shall mean, without duplication, (a) all Guaranteed Obligations and
(b) subject to the limitations set forth in Section 15.4 of the Loan Facility Agreement, all out-of-pocket costs and expenses (including, without limitation,
the reasonable and documented fees, disbursements and other charges of one outside counsel) incurred in connection with enforcement and collection of the Guaranteed Obligations. 

“Sponsor” has the meaning provided in the recitals hereof. 

“Trademark License” shall mean any agreement, written or oral, providing for the grant by or to an Obligor of
any right to use any Trademark. 

  
 3 

 “Trademarks” shall mean (a) all trademarks, trade
names, corporate names, company names, business names, fictitious business names, trade styles, service marks, logos and other source or business identifiers, and the goodwill associated therewith, now existing or hereafter adopted or acquired, all
registrations and recordings thereof, and all applications in connection therewith, whether in the United States Patent and Trademark Office or in any similar office or agency of the United States, any state thereof or any other country or any
political subdivision thereof, or otherwise and (b) all renewals thereof. 
 “UCC” has the meaning
provided in Section 1(a) hereof. 
 “Work” shall mean any work that is subject to
copyright protection pursuant to Title 17 of the United States Code. 
 2. Grant of Security Interest in the Collateral. To secure the
prompt payment and performance in full when due, whether by lapse of time, acceleration, mandatory prepayment or otherwise, of the Secured Obligations, each Obligor hereby grants to the Servicer, for the benefit of the holders of the Secured
Obligations, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter
(collectively, the “Collateral”): (a) all Accounts; (b) all Money; (c) all Chattel Paper; (d) those certain Commercial Tort Claims set forth on Schedule 2 hereto; (e) all Copyrights;
(f) all Copyright Licenses; (g) all Deposit Accounts; (h) all Documents; (i) all Equipment; (j) all Fixtures; (k) all General Intangibles; (l) all Goods; (m) all Instruments; (n) all Inventory;
(o) all Investment Property; (p) all Letter-of-Credit Rights; (q) all Patents; (r) all Patent Licenses; (s) all Pledged Equity; (t) all
Software; (u) all Supporting Obligations; (v) all Trademarks; (w) all Trademark Licenses; (x) all books and records related to the Collateral; and (y) all Accessions and all Proceeds of any and all of the foregoing. 

Notwithstanding anything to the contrary contained herein, the security interests granted under this Agreement shall not extend to any
Excluded Property; provided that upon the occurrence of an event that renders property to no longer constitute Excluded Property, a security interest in such property shall be automatically and simultaneously granted hereunder and shall be
included as Collateral hereunder. 
 The Obligors and the Servicer, on behalf of the holders of the Secured Obligations, hereby acknowledge
and agree that the security interest created hereby in the Collateral (i) constitutes continuing collateral security for all of the Secured Obligations, whether now existing or hereafter arising and (ii) is not to be construed as an
assignment of any Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks or Trademark Licenses. 
 3. Representations and
Warranties. Each of the Obligors hereby represents and warrants to the Servicer, for the benefit of the holders of the Secured Obligations, that: 

(a) Ownership. Such Obligor is the legal and beneficial owner of its Collateral and has the right to pledge, sell,
assign or transfer the same. There exists no Adverse Claim with respect to the Pledged Equity of such Obligor other than non-consensual Liens permitted by Section 8.2 of the Loan Facility Agreement. 

(b) Security Interest/Priority. This Agreement creates a valid security interest in favor of the Servicer, for the
benefit of the holders of the Secured Obligations, in the Collateral of such Obligor and, when properly perfected by filing a UCC-1 financing statement in the appropriate jurisdiction, shall constitute a valid
and perfected security interest in such Collateral (including all uncertificated Pledged Equity consisting of partnership or limited liability company interests that do not constitute Securities), to the extent such security interest can be
perfected by filing under the UCC, free and clear 

  
 4 

 
of all Liens except for Liens permitted by Section 8.2 of the Loan Facility Agreement. The taking of possession by the Servicer of the certificated securities (if any) evidencing the Pledged
Equity and all other Instruments constituting Collateral (and any necessary endorsements) will perfect the Servicer’s security interest in all the Pledged Equity evidenced by such certificated securities and such Instruments (subject to
Permitted Liens). With respect to any Collateral consisting of a Deposit Account, Security Entitlement or assets held in a Securities Account (in each case, other than Excluded Accounts), upon execution and delivery by the applicable Obligor, the
bank or Securities Intermediary, as applicable, and the Servicer of an agreement granting control to the Servicer over such Collateral, the Servicer shall have a valid and perfected security interest in such Collateral, subject to Permitted Liens.
Notwithstanding anything to the contrary in the foregoing, the Obligors and the Servicer acknowledge and agree that no account control agreement shall be required with respect to any Deposit Account or Securities Account that has a balance (or which
holds assets with a fair market value) less than $5,000,000. 
 (c) Types of Collateral. None of the Collateral
consists of, or is the Proceeds of, As-Extracted Collateral, Consumer Goods, Farm Products, Manufactured Homes or standing timber. 

(d) Equipment and Inventory. With respect to any Equipment and/or Inventory of such Obligor, such Obligor has exclusive
possession and control of such Equipment and Inventory of such Obligor except for (i) Equipment leased by such Obligor as a lessee, (ii) Equipment or Inventory in transit with common carriers, (iii) mobile goods, (iv) Equipment
or Inventory out for repair or refurbishment, (v) Equipment or Inventory kept with third parties in the ordinary course of business, and/or (vi) Equipment or Inventory in possession of employees in the ordinary course of business. Subject
to the foregoing, no Inventory of such Obligor is held by a Person other than such Obligor pursuant to consignment, sale or return, sale on approval or similar agreement. 

(e) Authorization of Pledged Equity. All Pledged Equity is duly authorized and validly issued, is fully paid and, to the
extent applicable, non-assessable and is not subject to the preemptive rights, warrants, options or other rights to purchase of any Person, or equityholder, voting trust or similar agreements outstanding with
respect to, or property that is convertible, into, or that requires the issuance and sale of, any of the Pledged Equity, except to the extent expressly permitted under the Credit Documents. 

(f) No Other Capital Stock, Instruments, Etc. As of the Closing Date, such Obligor owns all certificated Capital Stock
in any Subsidiary that is required to be pledged and delivered to the Servicer hereunder, other than as set forth on Schedule 1 hereto, and all such certificated Capital Stock has been delivered to the Servicer. 

(g) Partnership and Limited Liability Company Interests. Except as previously disclosed to the Servicer in writing, none
of the Collateral consisting of an interest in a partnership or a limited liability company (i) is dealt in or traded on a securities exchange or in a securities market, (ii) by its terms expressly provides that it is a Security governed
by Article 8 of the UCC, (iii) is an Investment Company Security, (iv) is held in a Securities Account or (v) constitutes a Security or a Financial Asset. 

(h) Contracts; Agreements; Licenses. Such Obligor has no Material Agreements which are
non-assignable by their terms, or as a matter of law, or which prevent the granting of a security interest therein for which consent has not been obtained. 

  
 5 

 (i) Consents; Etc. There are no restrictions in any articles of
incorporation, articles of formation, articles of organization, bylaws, operating agreement or other applicable agreement of formation or organization governing any Pledged Equity or any other document related thereto which would limit or restrict
(i) the grant of a Lien pursuant to this Agreement on such Pledged Equity, (ii) the perfection of such Lien or (iii) the exercise of remedies in respect of such perfected Lien in the Pledged Equity as contemplated by this Agreement.
Except for (i) the filing or recording of UCC financing statements, (ii) the filing of appropriate notices with the United States Patent and Trademark Office and the United States Copyright Office, (iii) obtaining control to perfect
the Liens created by this Agreement (to the extent required under Section 4(a) hereof), (iv) such actions as may be required by laws affecting the offering and sale of securities, (v) such actions as may be required by
applicable foreign laws affecting the pledge of the Pledged Equity of Foreign Subsidiaries, (vi) any approvals that may be required to be obtained from any bailee or landlord to collect the Collateral, and (vii) consents, authorizations,
filings or other actions which have been obtained or made, no material consent or material authorization of, filing with, or other act by or in respect of, any arbitrator or Governmental Authority and no consent of any other Person (including,
without limitation, any stockholder, member or creditor of such Obligor), is required for (A) the grant by such Obligor of the security interest in the Collateral granted hereby or for the execution, delivery or performance of this Agreement by
such Obligor, (B) the perfection of such security interest (to the extent such security interest can be perfected by filing under the UCC, the granting of control (to the extent required under Section 4(a) hereof) or
by filing an appropriate notice with the United States Patent and Trademark Office or the United States Copyright Office) or (C) the exercise by the Servicer or the holders of the Secured Obligations of the rights and remedies provided for in
this Agreement. 
 (j) Commercial Tort Claims. As of the Closing Date, such Obligor has no Commercial Tort Claims
seeking damages in excess of $2,000,000 in any individual instance or $5,000,000 in the aggregate when taken together with all Commercial Tort Claims of all of the other Obligors, other than as set forth on Schedule 2 hereto. 

(k) Copyrights, Patents and Trademarks. 

(i) Schedule 3 hereto includes all registrations or applications for Copyrights, Patents and Trademarks and all material
Copyright Licenses, Patent Licenses and Trademark Licenses (excluding “off-the-shelf” licenses pursuant to standard licensing terms which have not been
modified or customized by a third party for the Obligor) owned by such Obligor in its own name, or to which any Obligor is a party, as of the date hereof. 

(ii) All registrations or applications pertaining to such Copyrights, Patents and Trademarks as have been set forth on
Schedule 3 hereto have been duly and properly filed, and to any Obligor’s knowledge, each Copyright, Patent and Trademark of such Obligor is valid, subsisting, unexpired, enforceable and has not been abandoned. 

(iii) Except as set forth on Schedule 3 hereto, none of such Copyrights, Patents and Trademarks is the subject of any
exclusive licensing or franchise agreement as of the date hereof. 
 (iv) Except as could not reasonably be expected to have
a Material Adverse Effect, to such Obligor’s knowledge, no holding, decision or judgment has been rendered by any Governmental Authority that would limit, cancel or question the validity of any such Copyright, Patent or Trademark. 

(v) No action or proceeding is pending, seeking to limit, cancel or question the validity of any Copyright, Patent or Trademark
of any Obligor or Subsidiary of any Obligor that could reasonably be expected to have a Material Adverse Effect. 

  
 6 

 4. Covenants. Each Obligor covenants that until such time as the Secured Obligations
arising under the Credit Documents have been paid in full and the Participating Commitments have expired or been terminated, such Obligor shall: 

(a) Instruments/Chattel Paper/Pledged Equity/Control. 

(i) If any amount in excess of $2,000,000 in any individual instance or $5,000,000 in the aggregate payable under or in
connection with any of the Collateral shall be or become evidenced by any Instrument or Tangible Chattel Paper, or if any property constituting Collateral shall be stored or shipped subject to a Document, ensure that such Instrument, Tangible
Chattel Paper or Document is either in the possession of such Obligor at all times or, if requested by the Servicer to perfect its security interest in such Collateral, is delivered to the Servicer duly endorsed in a manner reasonably satisfactory
to the Servicer. Such Obligor shall ensure that any Collateral consisting of Tangible Chattel Paper is marked with a legend reasonably acceptable to the Servicer indicating the Servicer’s security interest in such Tangible Chattel Paper. 

(ii) Deliver to the Servicer promptly upon the receipt thereof by or on behalf of such Obligor, all certificates and
instruments constituting Pledged Equity. Prior to delivery to the Servicer, all such certificates constituting Pledged Equity shall be held in trust by such Obligor for the benefit of the Servicer pursuant hereto. All such certificates representing
Pledged Equity shall be delivered in suitable form for transfer by delivery or shall be accompanied by duly executed instruments of transfer or assignment in blank, substantially in the form provided in Exhibit 4(a) hereto
(or other form acceptable to the Servicer in its reasonable discretion). 
 (iii) Execute and deliver all agreements,
assignments, instruments or other documents as reasonably requested by the Servicer for the purpose of obtaining and maintaining control with respect to any Collateral consisting of (A) Deposit Accounts, (B) Investment Property, (C) Letter-of-Credit Rights and (D) Electronic Chattel Paper. 

(b) Filing of Financing Statements, Notices, Etc. Such Obligor shall execute and deliver to the Servicer such
agreements, assignments or instruments (including affidavits, notices, reaffirmations and amendments and restatements of existing documents, as the Servicer may reasonably request) and do all such other things as the Servicer may reasonably deem
necessary or appropriate (i) to assure to the Servicer its security interests hereunder, including (A) such instruments as the Servicer may from time to time reasonably request in order to perfect and maintain the security interests
granted hereunder in accordance with the UCC, (B) with regard to Copyrights, a Notice of Grant of Security Interest in Copyrights in the form of Exhibit 4(b)(i) hereto, (C) with regard to Patents, a Notice of Grant of Security
Interest in Patents for filing with the United States Patent and Trademark Office in the form of Exhibit 4(b)(ii) hereto and (D) with regard to Trademarks, a Notice of Grant of Security Interest in Trademarks for filing with the United
States Patent and Trademark Office in the form of Exhibit 4(b)(iii) hereto, (ii) to consummate the transactions contemplated hereby and (iii) to otherwise protect and assure the Servicer of its rights and interests hereunder.
Furthermore, such Obligor also hereby irrevocably makes, constitutes and appoints the Servicer, its nominee or any other person whom the Servicer may designate, as such Obligor’s attorney in fact with full power and for the limited purpose to
prepare and file (and, to the extent applicable, sign) in the name of such Obligor any financing statements, or amendments and supplements to financing statements, renewal financing statements, notices or any similar documents which in the
Servicer’s reasonable discretion would be necessary or appropriate in order to perfect and maintain perfection of the security interests granted hereunder, such power, being coupled with an interest, being and remaining irrevocable until such
time 

  
 7 

 
as the Secured Obligations arising under the Credit Documents have been paid in full and the Participating Commitments have expired or been terminated. Such Obligor hereby agrees that a carbon,
photographic or other reproduction of this Agreement or any such financing statement is sufficient for filing as a financing statement by the Servicer without notice thereof to such Obligor wherever the Servicer may in its sole discretion desire to
file the same. 
 (c) Collateral Held by Warehouseman, Bailee, Etc. If any Collateral with a book value in excess of
$5,000,000 is at any time in the possession or control of a warehouseman, bailee or any agent or processor of such Obligor and the Servicer so reasonably requests (i) notify such Person in writing of the Servicer’s security interest
therein, (ii) instruct such Person to hold all such Collateral for the Servicer’s account and subject to the Servicer’s instructions and (iii) use commercially reasonable efforts to obtain a written acknowledgment from such
Person that it is holding such Collateral for the benefit of the Servicer. 
 (d) Commercial Tort Claims.
(i) Promptly forward to the Servicer an updated Schedule 2 listing any and all Commercial Tort Claims by or in favor of such Obligor seeking damages in excess of $2,000,000 in any individual instance or $5,000,000 in the aggregate
for all Commercial Tort Claims of the Obligors not subject to a Lien in favor of the Servicer for the benefit of itself and the other holders of the Secured Obligations and (ii) execute and deliver such statements, documents and notices and do
and cause to be done all such things as may be reasonably required by the Servicer, or required by law to create, preserve, perfect and maintain the Servicer’s security interest in any Commercial Tort Claims initiated by or in favor of any
Obligor. 
 (e) Books and Records. Each Obligor shall mark its books and records (and shall cause the issuer of the
Pledged Equity of such Obligor to mark its books and records) to reflect the security interest granted pursuant to this Agreement. 

(f) Nature of Collateral. At all times maintain the Collateral as personal property and not affix any of the Collateral
to any real property in a manner which would change its nature from personal property to real property or a Fixture to real property, unless the Servicer shall have a perfected Lien on such Fixture or real property. 

(g) Issuance or Acquisition of Capital Stock in Partnership or Limited Liability Company. Not without executing and
delivering, or causing to be executed and delivered, to the Servicer such agreements, documents and instruments as the Servicer may reasonably require, issue or acquire any Pledged Equity consisting of an interest in a partnership or a limited
liability company that (i) is dealt in or traded on a securities exchange or in a securities market, (ii) by its terms expressly provides that it is a Security governed by Article 8 of the UCC, (iii) is an Investment Company Security,
(iv) is held in a Securities Account or (v) constitutes a Security or a Financial Asset. 
 5. Authorization to File Financing
Statements. Each Obligor hereby authorizes the Servicer to prepare and file such financing statements (including continuation statements) or amendments thereof or supplements thereto or other instruments as the Servicer may from time to time
deem necessary or appropriate in order to perfect and maintain the security interests granted hereunder in accordance with the UCC (including authorization to describe the Collateral as “all personal property”, “all assets” or
words of similar meaning). 

  
 8 

 6. Advances. 

(a) Upon the occurrence of a Credit Event and during the continuation thereof, or (b) upon the failure of any Obligor to perform any of
the covenants and agreements contained herein or in any other Credit Document if, with respect to this clause (b), the Servicer reasonably determines that the taking of a particular action is required prior to the expiration of any applicable
cure period(s) in order to prevent an impairment of its rights in and to any Collateral, then in either case, the Servicer may, at its sole option and in its sole discretion upon notice to the applicable Obligors, perform the same and in so doing
may expend such sums as the Servicer may reasonably deem advisable in the performance thereof, including, without limitation, the payment of any insurance premiums, the payment of any taxes, a payment to obtain a release of a Lien or potential Lien,
expenditures made in defending against any adverse claim and all other expenditures which the Servicer may make for the protection of the security hereof or may be compelled to make by operation of law. All such sums and amounts so expended shall be
repayable by the Obligors on a joint and several basis promptly upon timely notice thereof and demand therefor, shall constitute additional Secured Obligations and shall bear interest from the date said amounts are expended at 2% per annum. No such
performance of any covenant or agreement by the Servicer on behalf of any Obligor, and no such advance or expenditure therefor, shall relieve the Obligors of any Unmatured Credit Event or Credit Event. The Servicer may make any payment hereby
authorized in accordance with any bill, statement or estimate procured from the appropriate public office or holder of the claim to be discharged without inquiry into the accuracy of such bill, statement or estimate or into the validity of any tax
assessment, sale, forfeiture, tax lien, title or claim except to the extent such payment is being contested in good faith by an Obligor in appropriate proceedings and against which adequate reserves are being maintained in accordance with GAAP. 

7. Remedies. 
 (a)
General Remedies. During the continuance of a Credit Event, the Servicer shall have, in addition to the rights and remedies provided herein, in the Credit Documents, in any other documents relating to the Secured Obligations, or by law
(including, but not limited to, levy of attachment, garnishment and the rights and remedies set forth in the UCC of the jurisdiction applicable to the affected Collateral), the rights and remedies of a secured party under the UCC (regardless of
whether the UCC is the law of the jurisdiction where the rights and remedies are asserted and regardless of whether the UCC applies to the affected Collateral), and further, the Servicer may, with or without judicial process or the aid and
assistance of others, (i) enter on any premises on which any of the Collateral may be located and, without resistance or interference by the Obligors, take possession of the Collateral, (ii) dispose of any Collateral on any such premises,
(iii) require the Obligors to assemble and make available to the Servicer at the expense of the Obligors any Collateral at any place and time designated by the Servicer which is reasonably convenient to both parties, (iv) remove any
Collateral from any such premises for the purpose of effecting sale or other disposition thereof, and/or (v) without demand and without advertisement, notice, hearing or process of law, all of which each of the Obligors hereby waives to the
fullest extent permitted by law, at any place and time or times, sell and deliver any or all of the Collateral held by or for it at a public or private sale (which in the case of a private sale of Pledged Equity, may be to a restricted group of
purchasers who will be obligated to agree, among other things, to acquire such securities for their own account, for investment and not with a view to the distribution or resale thereof), at any exchange or broker’s board or elsewhere, by one
or more contracts, in one or more parcels, for cash, upon credit or otherwise, at such prices and upon such terms as the Servicer deems advisable, in its sole discretion (subject to any and all mandatory legal requirements). Each Obligor
acknowledges that any such private sale may be at prices and on terms less favorable to the seller than the prices and other terms which might have been obtained at a public sale and, notwithstanding the foregoing, agrees that such private sale
shall be deemed to have been made in a commercially reasonable manner and, in the case of a sale of Pledged Equity, that the Servicer shall have no obligation to delay sale of any such securities for the period of time necessary to permit the issuer
of such securities to register such securities for public sale under the Securities Act of 1933. Neither the Servicer’s compliance with applicable law nor its disclaimer of warranties relating to the Collateral shall be deemed to adversely
affect the commercial reasonableness of any sale. To the extent the rights of notice cannot be legally waived hereunder, each Obligor agrees that any requirement of reasonable notice shall be met if such notice, specifying the place of any public
sale or the time after which any private sale is to be made, is personally served on or mailed, postage prepaid, to the Obligors in accordance with the 

  
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notice provisions of Section 15.1 of the Loan Facility Agreement at least ten (10) days before the time of sale or other event giving rise to the requirement of such notice. The
Servicer may adjourn any public or private sale from time to time by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned. Each Obligor further
acknowledges and agrees that any offer to sell any Pledged Equity which has been (i) publicly advertised on a bona fide basis in a newspaper or other publication of general circulation in the financial community of New York, New York (to the
extent that such offer may be advertised without prior registration under the Securities Act of 1933), or (ii) made privately in the manner described above shall be deemed to involve a “public sale” under the UCC, notwithstanding that
such sale may not constitute a “public offering” under the Securities Act of 1933, and the Servicer may, in such event, bid for the purchase of such securities. The Servicer shall not be obligated to make any sale or other disposition of
the Collateral regardless of notice having been given. To the extent permitted by applicable law, any holder of Secured Obligations may be a purchaser at any such sale. To the extent permitted by applicable law, each of the Obligors hereby waives
all of its rights of redemption with respect to any such sale. Subject to the provisions of applicable law, the Servicer may postpone or cause the postponement of the sale of all or any portion of the Collateral by announcement at the time and place
of such sale, and such sale may, without further notice, to the extent permitted by law, be made at the time and place to which the sale was postponed, or the Servicer may further postpone such sale by announcement made at such time and place. 

(b) Remedies Relating to Accounts. During the continuance of a Credit Event, whether or not the Servicer has exercised any or all of its
rights and remedies hereunder, (i) each Obligor will promptly upon the request of the Servicer instruct all of its account debtors to remit all payments in respect of Accounts to a mailing location selected by the Servicer and (ii) the
Servicer shall have the right to enforce any Obligor’s rights against its customers and account debtors, and the Servicer or its designee may notify any Obligor’s customers and account debtors that the Accounts of such Obligor have been
assigned to the Servicer or of the Servicer’s security interest therein, and may (either in its own name or in the name of an Obligor or both) demand, collect (including without limitation by way of a lockbox arrangement), receive, take receipt
for, sell, sue for, compound, settle, compromise and give acquittance for any and all amounts due or to become due on any Account, and, in the Servicer’s discretion, file any claim or take any other action or proceeding to protect and realize
upon the security interest of the holders of the Secured Obligations in the Accounts. Each Obligor acknowledges and agrees that the Proceeds of its Accounts remitted to or on behalf of the Servicer in accordance with the provisions hereof shall be
solely for the Servicer’s own convenience and that such Obligor shall not have any right, title or interest in such Accounts or in any such other amounts except as expressly provided herein. Neither the Servicer nor the holders of the Secured
Obligations shall have any liability or responsibility to any Obligor for acceptance of a check, draft or other order for payment of money bearing the legend “payment in full” or words of similar import or any other restrictive legend or
endorsement or be responsible for determining the correctness of any remittance. Furthermore, during the continuance of a Credit Event, (i) the Servicer shall have the right, but not the obligation, to make test verifications of the Accounts in
any manner and through any medium that it reasonably considers advisable, and the Obligors shall furnish all such assistance and information as the Servicer may require in connection with such test verifications, (ii) upon the Servicer’s
request and at the expense of the Obligors, the Obligors shall use commercially reasonable efforts to cause independent public accountants or others satisfactory to the Servicer to furnish to the Servicer reports showing reconciliations, aging and
test verifications of, and trial balances for, the Accounts and (iii) upon three (3) Business Days’ prior written notice to the Obligors, the Servicer in its own name or in the name of others may communicate with account debtors on
the Accounts to verify with them to the Servicer’s satisfaction the existence, amount and terms of any Accounts. 
 (c) Deposit
Accounts. Upon the occurrence of a Credit Event and during the continuation thereof, the Servicer may (i) prevent withdrawals or other dispositions of funds in Deposit Accounts (other than Excluded Accounts) maintained with the Servicer and
(ii) exercise control pursuant to any control agreement governing a Deposit Account (other than Excluded Accounts) not maintained with the Servicer. 

  
 10 

 (d) Access. In addition to the rights and remedies hereunder, during the continuance
of a Credit Event, the Servicer shall have the right to peaceably enter and remain upon the various premises of the Obligors without cost or charge to the Servicer, and use the same, together with materials, supplies, books and records of the
Obligors for the purpose of collecting and liquidating the Collateral, or for preparing for sale and conducting the sale of the Collateral, whether by foreclosure, auction or otherwise. In addition, the Servicer may remove Collateral, or any part
thereof, from such premises and/or any records with respect thereto, in order to effectively collect or liquidate such Collateral. 
 (e)
Nonexclusive Nature of Remedies. Failure by the Servicer or the holders of the Secured Obligations to exercise any right, remedy or option under this Agreement, any other Credit Document, any other document relating to the Secured
Obligations, or as provided by law, or any delay by the Servicer or the holders of the Secured Obligations in exercising the same, shall not operate as a waiver of any such right, remedy or option. No waiver hereunder shall be effective unless it is
in writing, signed by the party against whom such waiver is sought to be enforced and then only to the extent specifically stated, which in the case of the Servicer or the holders of the Secured Obligations shall only be granted as provided herein.
To the extent permitted by law, neither the Servicer, the holders of the Secured Obligations, nor any party acting as attorney for the Servicer or the holders of the Secured Obligations, shall be liable hereunder for any acts or omissions or for any
error of judgment or mistake of fact or law other than their bad faith, gross negligence, willful misconduct or a material breach of the Servicer’s or such holder’s obligations hereunder. The rights and remedies of the Servicer and the
holders of the Secured Obligations under this Agreement shall be cumulative and not exclusive of any other right or remedy which the Servicer or the holders of the Secured Obligations may have. 

(f) Retention of Collateral. In addition to the rights and remedies hereunder, the Servicer may, in compliance with Sections 9-620 and 9-621 of the UCC or otherwise complying with the requirements of applicable law of the relevant jurisdiction, accept or retain the Collateral in satisfaction of the
Secured Obligations. Unless and until the Servicer shall have provided such notices, however, the Servicer shall not be deemed to have retained any Collateral in satisfaction of any Secured Obligations for any reason. 

(g) Deficiency. In the event that the proceeds of any sale, collection or realization are insufficient to pay all amounts to which the
Servicer or the holders of the Secured Obligations are legally entitled, the Obligors shall be jointly and severally liable for the deficiency, together with interest thereon at the rate provided for in Section 2.3(c) of the Loan Facility
Agreement, together with, subject to the limitations set forth in Section 15.4 of the Loan Facility Agreement, the costs of collection and the fees, charges and disbursements of counsel. Any surplus remaining after the full payment and
satisfaction of the Secured Obligations shall be returned to the Obligors or to whomsoever a court of competent jurisdiction shall determine to be entitled thereto. Notwithstanding any provision to the contrary contained herein, in any of the other
Credit Documents or in any other documents relating to the Secured Obligations, the obligations of each Obligor under the Loan Facility Agreement and the other Credit Documents shall be limited to an aggregate amount equal to the largest amount that
would not render such obligations subject to avoidance under Section 548 of the Bankruptcy Code of the United States or any other applicable Debtor Relief Law (including any comparable provisions of any applicable state law). 

8. Rights of the Servicer. 

(a) Power of Attorney. In addition to other powers of attorney contained herein, each Obligor hereby designates and appoints the
Servicer, on behalf of the holders of the Secured Obligations, and each of its designees or agents, as attorney-in-fact of such Obligor, irrevocably and with power of
substitution, with authority to take any or all of the following actions during the continuance of a Credit Event: 

  
 11 

 (i) to demand, collect, settle, compromise, adjust, give discharges and
releases, all as the Servicer may reasonably determine; 
 (ii) to commence and prosecute any actions at any court for the
purposes of collecting any Collateral and enforcing any other right in respect thereof; 
 (iii) to defend, settle or
compromise any action brought and, in connection therewith, give such discharge or release as the Servicer may deem reasonably appropriate; 

(iv) to receive, open and dispose of mail addressed to an Obligor and endorse checks, notes, drafts, acceptances, money orders,
bills of lading, warehouse receipts or other instruments or documents evidencing payment, shipment or storage of the Goods giving rise to the Collateral of such Obligor on behalf of and in the name of such Obligor, or securing, or relating to such
Collateral; 
 (v) to sell, assign, transfer, make any agreement in respect of, or otherwise deal with or exercise rights in
respect of, any Collateral or the Goods or services which have given rise thereto, as fully and completely as though the Servicer were the absolute owner thereof for all purposes; 

(vi) to adjust and settle claims under any insurance policy relating thereto; 

(vii) to execute and deliver all assignments, conveyances, statements, financing statements, renewal financing statements,
security agreements, affidavits, notices and other agreements, instruments and documents that the Servicer may reasonably determine necessary in order to perfect and maintain the security interests and liens granted in this Agreement and in order to
fully consummate all of the transactions contemplated herein; 
 (viii) to institute any foreclosure proceedings that the
Servicer may deem appropriate; 
 (ix) to sign and endorse any drafts, assignments, proxies, stock powers, verifications,
notices and other documents relating to the Collateral; 
 (x) to exchange any of the Pledged Equity or other property upon
any merger, consolidation, reorganization, recapitalization or other readjustment of the issuer thereof and, in connection therewith, deposit any of the Pledged Equity with any committee, depository, transfer agent, registrar or other designated
agency upon such terms as the Servicer may reasonably deem appropriate; 
 (xi) upon prior written notice to the Obligors, to
vote for a shareholder resolution, or to sign an instrument in writing, sanctioning the transfer of any or all of the Pledged Equity into the name of the Servicer or one or more of the holders of the Secured Obligations or into the name of any
transferee to whom the Pledged Equity or any part thereof may be sold pursuant and subject to Section 7 hereof; 

(xii) to pay or discharge taxes, liens, security interests or other encumbrances levied or placed on or threatened against the
Collateral; 
 (xiii) to direct any parties liable for any payment in connection with any of the Collateral to make payment
of any and all monies due and to become due thereunder directly to the Servicer or as the Servicer shall direct; 

  
 12 

 (xiv) to receive payment of and receipt for any and all monies, claims, and
other amounts due and to become due at any time in respect of or arising out of any Collateral; and 
 (xv) to do and perform
all such other acts and things as the Servicer may reasonably deem to be necessary, proper or convenient to accomplish the purposes of the Credit Documents. 

This power of attorney is a power coupled with an interest and shall be irrevocable until such time as the Secured Obligations arising under
the Credit Documents have been paid in full and the Participating Commitments have expired or been terminated. The Servicer shall be under no duty to exercise or withhold the exercise of any of the rights, powers, privileges and options expressly or
implicitly granted to the Servicer in this Agreement, and shall not be liable for any failure to do so or any delay in doing so. The Servicer shall not be liable for any act or omission or for any error of judgment or any mistake of fact or law in
its individual capacity or its capacity as attorney-in-fact except acts or omissions resulting from its bad faith, gross negligence, willful misconduct or a material
breach of its obligations hereunder. This power of attorney is conferred on the Servicer solely to protect, preserve and realize upon its security interest in the Collateral. 

(b) Assignment by the Servicer. The Servicer may from time to time assign the Secured Obligations to a successor Servicer appointed in
accordance with the Loan Facility Agreement, and such successor shall be entitled to all of the rights and remedies of the Servicer under this Agreement in relation thereto. 

(c) The Servicer’s Duty of Care. Other than the exercise of reasonable care to assure the safe custody of the Collateral while
being held by the Servicer hereunder, the Servicer shall have no duty or liability to preserve rights pertaining thereto, it being understood and agreed that the Obligors shall be responsible for preservation of all rights in the Collateral, and the
Servicer shall be relieved of all responsibility for the Collateral upon surrendering it or tendering the surrender of it to the Obligors. The Servicer shall be deemed to have exercised reasonable care in the custody and preservation of the
Collateral in its possession if the Collateral is accorded treatment substantially equal to that which the Servicer accords its own property, which shall be no less than the treatment employed by a reasonable and prudent agent in the industry, it
being understood that the Servicer shall not have responsibility for taking any necessary steps to preserve rights against any parties with respect to any of the Collateral. In the event of a public or private sale of Collateral pursuant to
Section 7 hereof, the Servicer shall have no responsibility for (i) ascertaining or taking action with respect to calls, conversions, exchanges, maturities, tenders or other matters relating to any Collateral, whether
or not the Servicer has or is deemed to have knowledge of such matters, or (ii) taking any steps to clean, repair or otherwise prepare the Collateral for sale. 

(d) Liability with Respect to Accounts. Anything herein to the contrary notwithstanding, each of the Obligors shall remain liable under
each of the Accounts to observe and perform all the conditions and obligations to be observed and performed by it thereunder, all in accordance with the terms of any agreement giving rise to each such Account. Neither the Servicer nor any holder of
Secured Obligations shall have any obligation or liability under any Account (or any agreement giving rise thereto) by reason of or arising out of this Agreement or the receipt by the Servicer or any holder of Secured Obligations of any payment
relating to such Account pursuant hereto, nor shall the Servicer or any holder of Secured Obligations be obligated in any manner to perform any of the obligations of an Obligor under or pursuant to any Account (or any agreement giving rise thereto),
to make any payment, to make any inquiry as to the nature or the sufficiency of any payment received by it or as to the sufficiency of any performance by any party under any Account (or any agreement giving rise thereto), to present or file any
claim, to take any action to enforce any performance or to collect the payment of any amounts which may have been assigned to it or to which it may be entitled at any time or times. 

(e) Voting and Payment Rights in Respect of the Pledged Equity. 

  
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 (i) So long as no Credit Event shall exist, each Obligor may
(A) exercise any and all voting and other consensual rights pertaining to the Pledged Equity of such Obligor or any part thereof for any purpose not inconsistent with the terms of this Agreement or the Loan Facility Agreement and
(B) receive and retain any and all dividends (other than stock dividends and other dividends constituting Collateral which are addressed hereinabove), principal or interest paid in respect of the Pledged Equity to the extent they are allowed
under the Loan Facility Agreement; and 
 (ii) During the continuance of a Credit Event and upon one (1) Business
Day’s prior written notice to the Obligors, (A) all rights of an Obligor to exercise the voting and other consensual rights which it would otherwise be entitled to exercise pursuant to clause (i)(A) above shall cease and all such
rights shall thereupon become vested in the Servicer which shall then have the sole right to exercise such voting and other consensual rights, (B) all rights of an Obligor to receive the dividends, principal and interest payments which it would
otherwise be authorized to receive and retain pursuant to clause (i)(B) above shall cease and all such rights shall thereupon be vested in the Servicer which shall then have the sole right to receive and hold as Collateral such dividends,
principal and interest payments, and (C) all dividends, principal and interest payments which are received by an Obligor contrary to the provisions of clause (ii)(B) above shall be received in trust for the benefit of the Servicer, shall
be segregated from other property or funds of such Obligor, and shall be forthwith paid over to the Servicer as Collateral in the exact form received, to be held by the Servicer as Collateral and as further collateral security for the Secured
Obligations. Upon the cure or waiver of such Credit Event in accordance with the terms of the Loan Facility Agreement, the Servicer shall as soon reasonably practicable repay to each Obligor all dividends, interest, principal or other distributions
received by the Servicer pursuant to this clause (ii) that such Obligor would otherwise have been permitted to retain pursuant to the terms of clause (i) above that (x) were not applied to repay the Guaranteed
Obligations in accordance with the Loan Facility Agreement and other Credit Documents and (y) that the Servicer is not otherwise required to hold for the repayment of the Guaranteed Obligations in accordance with the Loan Facility Agreement and
other Credit Documents. 
 (f) Releases of Collateral. (i) If any Collateral shall be sold, transferred or otherwise disposed of
by any Obligor in a transaction permitted by the Loan Facility Agreement, the Servicer, at the request and sole expense of such Obligor, shall promptly execute and deliver to such Obligor all releases and other documents, and take such other action,
reasonably necessary to evidence such release of the Liens created hereby or by any other Collateral Agreement on such Collateral. (ii) The Servicer may release any of the Pledged Equity from this Agreement or may substitute any of the Pledged
Equity for other Pledged Equity without altering, varying or diminishing in any way the force, effect, lien, pledge or security interest of this Agreement as to any Pledged Equity not expressly released or substituted, and this Agreement shall
continue as a lien on all Pledged Equity not expressly released or substituted. 
 9. Application of Proceeds. Upon the acceleration
of the Guaranteed Obligations under the Credit Documents pursuant to Article IX of the Loan Facility Agreement, any payments in respect of the Secured Obligations and any proceeds of the Collateral, when received by the Servicer or any holder of the
Secured Obligations in Money or its equivalent, will be applied in reduction of the Secured Obligations in the order set forth in Article IX of the Loan Facility Agreement. 

10. Continuing Agreement. 

(a) This Agreement shall remain in full force and effect until such time as the Secured Obligations arising under the Credit Documents have
been paid in full and the Participating Commitments have expired or been terminated, at which time this Agreement and the liens and security interests of the Servicer hereunder shall be automatically terminated and the Servicer shall, upon the
request and at the expense of the Obligors, forthwith execute and deliver all UCC termination statements and/or other documents reasonably requested by the Obligors evidencing such termination and/or release. 

  
 14 

 (b) This Agreement shall continue to be effective or be automatically reinstated, as the
case may be, if at any time payment, in whole or in part, of any of the Secured Obligations is rescinded or must otherwise be restored or returned by the Servicer or any holder of the Secured Obligations as a preference, fraudulent conveyance or
otherwise under any Debtor Relief Law, all as though such payment had not been made; provided that in the event payment of all or any part of the Secured Obligations is rescinded or must be restored or returned, but subject to the limitations
of Section 15.4 of the Loan Facility Agreement, all reasonable costs and expenses (including without limitation any reasonable legal fees and disbursements) incurred by the Servicer or any holder of the Secured Obligations in defending and
enforcing such reinstatement shall be deemed to be included as a part of the Secured Obligations. 
 11. Amendments; Waivers;
Modifications, Etc. This Agreement and the provisions hereof may not be amended, waived, modified, changed, discharged or terminated except as set forth in Section 15.2 of the Loan Facility Agreement; provided that any update or revision to
Schedule 2 hereof delivered by any Obligor shall not constitute an amendment for purposes of this Section 11 or Section 15.2 of the Loan Facility Agreement. 

12. Successors in Interest. This Agreement shall be binding upon each Obligor, its successors and assigns and shall inure, together with
the rights and remedies of the Servicer and the holders of the Secured Obligations hereunder, to the benefit of the Servicer and the holders of the Secured Obligations and their successors and permitted assigns. 

13. Notices. All notices required or permitted to be given under this Agreement shall be in conformance with Section 15.1 of the
Loan Facility Agreement. 
 14. Counterparts. This Agreement may be executed by one or more of the parties to this Agreement on any
number of separate counterparts (including by telecopy), and all of said counterparts taken together shall be deemed to constitute one and the same instrument. It shall not be necessary in making proof of this Agreement to produce or account for
more than one such counterpart. Delivery of an executed counterpart of a signature page of this Agreement by facsimile transmission or by any other electronic imaging means (including .pdf), shall be effective as delivery of a manually executed
counterpart of this Agreement. 
 15. Headings. The headings of the sections hereof are provided for convenience only and shall not in
any way affect the meaning or construction of any provision of this Agreement. 
 16. Governing Law; Submission to Jurisdiction; Venue;
WAIVER OF JURY TRIAL. The terms of Section 15.7 of the Loan Facility Agreement with respect to governing law, submission to jurisdiction, venue, consent to service of process and waiver of jury trial are incorporated herein by reference,
mutatis mutandis, and the parties hereto agree to such terms. 
 17. Severability. If any provision of this Agreement is held
to be illegal, invalid or unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this Agreement shall not be affected or impaired thereby and (b) the parties shall endeavor in good faith negotiations to
replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions. The invalidity of a provision in a particular
jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 

  
 15 

 18. Entirety. This Agreement, the other Credit Documents, and any separate letter
agreements with respect to fees payable to the Servicer, constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the
subject matter hereof. 
 19. Other Security. To the extent that any of the Secured Obligations are now or hereafter secured by
property other than the Collateral (including, without limitation, real property and securities owned by an Obligor), or by a guarantee, endorsement or property of any other Person, then the Servicer shall have the right to proceed against such
other property, guarantee or endorsement during the continuance of any Credit Event, and the Servicer shall have the right, in its sole discretion, to determine which rights, security, liens, security interests or remedies the Servicer shall at any
time pursue, relinquish, subordinate, modify or take with respect thereto, without in any way modifying or affecting any of them or the Secured Obligations or any of the rights of the Servicer or the holders of the Secured Obligations under this
Agreement, under any other of the Credit Documents or under any other document relating to the Secured Obligations. 
 20. Joinder. At
any time after the date of this Agreement, one or more additional Persons may become party hereto by executing and delivering to the Servicer a joinder agreement to this Agreement. Immediately upon such execution and delivery of such joinder
agreement (and without any further action), each such additional Person will become a party to this Agreement as an “Obligor” and have all of the rights and obligations of an Obligor hereunder and this Agreement and the schedules hereto
shall be deemed amended by such joinder agreement. 
 21. Joint and Several Obligations of Obligors. 

(a) Subject to Section 21(c), each of the Obligors is accepting joint and several liability hereunder, in
consideration of the financial accommodation to be provided by the holders of the Guaranteed Obligations, of each of the Obligors and in consideration of the undertakings of each of the Obligors to accept joint and several liability for the
obligations of each of them. 
 (b) Subject to Section 21(c), each of the Obligors jointly and severally hereby
irrevocably and unconditionally accepts, not merely as a surety but also as a co-debtor, joint and several liability with the other Obligors with respect to the payment and performance of all of the Secured
Obligations arising under this Agreement, the other Credit Documents and any other documents relating to the Secured Obligations, it being the intention of the parties hereto that all the Secured Obligations shall be the joint and several
obligations of each of the Obligors without preferences or distinction among them. 
 (c) Notwithstanding any provision to the contrary
contained herein, in any other of the Credit Documents or in any other documents relating to the Secured Obligations, the obligations of each Guarantor under the Loan Facility Agreement, the other Credit Documents and the other documents relating to
the Secured Obligations shall be limited to an aggregate amount equal to the largest amount that would not render such obligations subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provisions of any
other Debtor Relief Law. 
 22. Consent of Issuers of Pledged Equity. Each issuer of Pledged Equity party to this Agreement hereby
acknowledges, consents and agrees to the grant of the security interests in such Pledged Equity by the applicable Obligors pursuant to this Agreement, together with all rights accompanying such security interests as provided by this Agreement and
applicable law, notwithstanding any anti-assignment provisions in any operating agreement, limited partnership agreement or similar organizational or governance documents of such issuer. 

  
 16 

 [SIGNATURE PAGES FOLLOW] 

  
 17 

 Each of the parties hereto has caused a counterpart of this Agreement to be duly executed and delivered as
of the date first above written. 
 OBLIGORS: 
  

			
	AARON’S, LLC,
	a Georgia limited liability company

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

 
			
	
	 THE AARON’S COMPANY, INC.,

a Georgia corporation

 
			
		
	By:	 	  

 
			
	Name:	 	
	Title:	 	

 
			
		
	[TBD],12	 	

 
			
		
	By:	 	  

 
			
	Name:	 	
	Title:	 	

  
  

	12 	 To include all Guarantors at the time of entry into the Agreement. 

AARON’S, LLC 
 SECURITY AND
PLEDGE AGREEMENT 

 Accepted and agreed to as of the date first written above. 

 

			
	TRUIST BANK, as Servicer

			
		
	By:	 	  

	Name:
	Title:

  

  
 AARON’S, LLC 

SECURITY AND PLEDGE AGREEMENT 

 SCHEDULE 1 

PLEDGED EQUITY 
  

									
	Obligor	 	Name of Subsidiary	 	
Number
 of

Shares/
 Units
	  	
Certificate

Number
	  	
Percentage

Ownership

	  	 	  	 	  	  	  	  	  

 SCHEDULE 2 

COMMERCIAL TORT CLAIMS 

 SCHEDULE 3 

COPYRIGHTS, PATENTS AND TRADEMARKS 

Patents:. 
 Copyrights:. 

Trademarks: 

 EXHIBIT 4(a) 

IRREVOCABLE [STOCK][UNIT] POWER 
 FOR VALUE
RECEIVED, the undersigned hereby sells, assigns and transfers to: 
  

 
 the following equity interests
of ____________________, a _________ [corporation][limited liability company]: 
 No. of Shares ____________ Certificate No. ______________

 and irrevocably appoints ______________ its agent and attorney-in-fact to
transfer all or any part of such equity interests and to take all necessary and appropriate action to effect any such transfer. The agent and attorney-in-fact may
substitute and appoint one or more persons to act for him. 
 Dated: ____________, 20___ 

 

			
	  

			
		
	By:	 	  

 
			
		
	Name:	 	  

 
			
		
	Title:	 	  

 EXHIBIT 4(b)(i) 

NOTICE 
 OF 

GRANT OF SECURITY INTEREST 
 IN

 COPYRIGHTS 
 United States Copyright Office

 Ladies and Gentlemen: 
 Please be advised
that pursuant to the Security and Pledge Agreement dated as of November 17, 2020 (as the same may be amended, modified, extended or restated from time to time, the “Agreement”) by and among the Obligors party thereto (each an
“Obligor” and collectively, the “Obligors”) and Truist Bank, as Servicer (the “Servicer”) for the holders of the Secured Obligations referenced therein, the undersigned Obligor has granted a
continuing security interest in and continuing lien upon the copyrights and copyright applications set forth on Schedule 1 hereto to the Servicer for the ratable benefit of the holders of the Secured Obligations. 

The undersigned Obligor and the Servicer, on behalf of the holders of the Secured Obligations, hereby acknowledge and agree that the security
interest in the foregoing copyrights and copyright applications (i) may only be terminated in accordance with the terms of the Agreement and (ii) is not to be construed as an assignment of any copyright or copyright application. 

 

			
	Very truly yours,
	
	  

	[Obligor]

 
			
		
	By:	 	  

 
			
	Name:
	Title:
	
	[Address]

  

			
	 Acknowledged and Accepted:
  

	TRUIST BANK, as Servicer

			
		
	By:	 	  

			
	Name:
	Title:
	
	[Address]

 EXHIBIT 4(b)(ii) 

NOTICE 
 OF 

GRANT OF SECURITY INTEREST 
 IN

 PATENTS 
 United States Patent and Trademark
Office 
 Ladies and Gentlemen: 
 Please be
advised that pursuant to the Security and Pledge Agreement dated as of November 17, 2020 (as the same may be amended, modified, extended or restated from time to time, the “Agreement”) by and among the Obligors party thereto
(each an “Obligor” and collectively, the “Obligors”) and Truist Bank, as Servicer (the “Servicer”) for the holders of the Secured Obligations referenced therein, the undersigned Obligor has granted
a continuing security interest in and continuing lien upon the patents and patent applications set forth on Schedule 1 hereto to the Servicer for the ratable benefit of the holders of the Secured Obligations. 

The undersigned Obligor and the Servicer, on behalf of the holders of the Secured Obligations, hereby acknowledge and agree that the security
interest in the foregoing patents and patent applications (i) may only be terminated in accordance with the terms of the Agreement and (ii) is not to be construed as an assignment of any patent or patent application. 

 

			
	Very truly yours,
	
	  

	[Obligor]

 
			
		
	By:	 	  

 
			
	Name:
	Title:
	
	[Address]

  

			
	Acknowledged and Accepted:
	
	TRUIST BANK, as Servicer

			
		
	By:	 	  

			
	Name:
	Title:
	
	[Address]

 EXHIBIT 4(b)(iii) 

NOTICE 
 OF 

GRANT OF SECURITY INTEREST 
 IN

 TRADEMARKS 
 United States Patent and
Trademark Office 
 Ladies and Gentlemen: 

Please be advised that pursuant to the Security and Pledge Agreement dated as of November 17, 2020 (as the same may be amended, modified,
extended or restated from time to time, the “Agreement”) by and among the Obligors party thereto (each an “Obligor” and collectively, the “Obligors”) and Truist Bank, as Servicer (the
“Servicer”) for the holders of the Secured Obligations referenced therein, the undersigned Obligor has granted a continuing security interest in and continuing lien upon the trademarks and trademark applications set forth on
Schedule 1 hereto to the Servicer for the ratable benefit of the holders of the Secured Obligations. 
 The undersigned Obligor and the
Servicer, on behalf of the holders of the Secured Obligations, hereby acknowledge and agree that the security interest in the foregoing trademarks and trademark applications (i) may only be terminated in accordance with the terms of the
Agreement and (ii) is not to be construed as an assignment of any trademark or trademark application. 
  

			
	Very truly yours,
	
	  

	[Obligor]

 
			
		
	By:	 	  

 
			
	Name:
	Title:
	
	[Address]

  

			
	Acknowledged and Accepted:
	
	TRUIST BANK, as Servicer

			
		
	By:	 	  

			
	Name:
	Title:
	
	[Address]

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