Document:

Third Amended and Restated Receivables Sale and Servicing Agreement

 Exhibit 10.34 
 THIRD AMENDED AND RESTATED 
 RECEIVABLES SALE AND SERVICING AGREEMENT 
 Dated as of January 23, 2009 
 by and
among 
 EACH OF THE ENTITIES PARTY HERETO FROM TIME TO TIME 
 AS ORIGINATORS, 
 SIT FUNDING CORPORATION, 
 as Buyer, 
 and 
 SYNNEX CORPORATION, 
 as Servicer 

 TABLE OF CONTENTS 
  

							
	 	  	Page
	ARTICLE I DEFINITIONS AND INTERPRETATION	  	1
				
		  	Section 1.01.	    	Definitions	  	1
		  	Section 1.02.	    	Rules of Construction	  	1
		  	Section 1.03.	    	Amendment and Restatement	  	2
		
	ARTICLE II TRANSFERS OF RECEIVABLES	  	2
				
		  	Section 2.01.	    	Agreement to Transfer	  	2
		  	Section 2.02.	    	Grant of Security Interest	  	4
		  	Section 2.03.	    	Originator Support Agreement	  	4
		  	Section 2.04.	    	Originators Remain Liable	  	4
		
	ARTICLE III CONDITIONS PRECEDENT	  	5
				
		  	Section 3.01.	    	Conditions Precedent to Initial Transfer	  	5
		  	Section 3.02.	    	Conditions Precedent to all Transfers	  	5
		
	ARTICLE IV REPRESENTATIONS, WARRANTIES AND COVENANTS	  	6
				
		  	Section 4.01.	    	Representations and Warranties of the Transaction Parties	  	6
		  	Section 4.02.	    	Affirmative Covenants of the Originators	  	14
		  	Section 4.03.	    	Negative Covenants of the Originators	  	20
		  	Section 4.04.	    	Breach of Representations, Warranties or Covenants	  	23
		  	Section 4.05.	    	Supplemental Disclosure	  	23
		
	ARTICLE V INDEMNIFICATION	  	23
				
		  	Section 5.01.	    	Indemnities by the Originators	  	23
		  	Section 5.02.	    	Indemnities by the Servicer	  	25
		
	ARTICLE VI MISCELLANEOUS	  	26
				
		  	Section 6.01.	    	Notices	  	26
		  	Section 6.02.	    	No Waiver; Remedies	  	27
		  	Section 6.03.	    	Successors and Assigns	  	27
		  	Section 6.04.	    	Termination; Survival of Obligations	  	28
		  	Section 6.05.	    	Complete Agreement; Modification of Agreement	  	28
		  	Section 6.06.	    	Amendments and Waivers	  	28
		  	Section 6.07.	    	Governing Law; Consent to Jurisdiction; Waiver of Jury Trial	  	29
		  	Section 6.08.	    	Counterparts	  	30
		  	Section 6.09.	    	Severability	  	30
		  	Section 6.10.	    	Section Titles	  	30
		  	Section 6.11.	    	No Setoff	  	30
		  	Section 6.12.	    	Confidentiality	  	30
		  	Section 6.13.	    	Further Assurances	  	32
		  	Section 6.14.	    	Fees and Expenses	  	32
		  	Section 6.15.	    	Nonrecourse Obligations	  	32

  

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 TABLE OF CONTENTS 
 (continued) 
  

							
	ARTICLE VII SERVICER PROVISIONS	  	33
				
		  	Section 7.01.	    	Appointment of the Servicer	  	33
		  	Section 7.02.	    	Duties and Responsibilities of the Servicer	  	33
		  	Section 7.03.	    	Collections on Receivables	  	34
		  	Section 7.04.	    	Covenants of the Servicer	  	35
		  	Section 7.05.	    	Reporting Requirements of the Servicer	  	39
		
	ARTICLE VIII EVENTS OF SERVICER TERMINATION	  	39
				
		  	Section 8.01.	    	Events of Servicer Termination	  	39
		
	ARTICLE IX SUCCESSOR SERVICER PROVISIONS	  	41
				
		  	Section 9.01.	    	Servicer Not to Resign	  	41
		  	Section 9.02.	    	Appointment of the Successor Servicer	  	41
		  	Section 9.03.	    	Duties of the Servicer	  	41
		  	Section 9.04.	    	Effect of Termination or Resignation	  	42
		  	Section 9.05.	    	Power of Attorney	  	42
		  	Section 9.06.	    	No Proceedings	  	42

  

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 EXHIBITS, SCHEDULES AND ANNEXES 
  

			
	Exhibit 2.01(a)	    	Form of Receivables Assignment
	Exhibit 2.01(c)(ii)	    	Form of Subordinated Note
	Exhibit 2.03	    	Form of Originator Support Agreement
	Exhibit 9.05	    	Form of Power of Attorney (Administrative Agent)
		
	Schedule 4.01(b)	    	Jurisdiction of Organization; Executive Offices; Collateral Locations; Corporate, Legal and Other Names; Identification Numbers
	Schedule 4.01(d)	    	Litigation
	Schedule 4.01(h)	    	Ventures, Subsidiaries and Affiliates; Outstanding Stock and Debt
	Schedule 4.01(i)	    	Tax Matters
	Schedule 4.01(j)	    	Intellectual Property
	Schedule 4.01(m)	    	ERISA
	Schedule 4.01(t)	    	Deposit and Disbursement Accounts
	Schedule 4.02(g)	    	Corporate, Legal and Trade Names
		
	Annex 7.05	    	Reporting Requirements of the Servicer
	Annex X	    	Definitions
	Annex Y	    	Schedule of Documents
	Annex Z	    	Financial Tests

  

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 THIS THIRD AMENDED AND RESTATED RECEIVABLES SALE AND SERVICING AGREEMENT (as amended, restated,
supplemented or otherwise modified and in effect from time to time, this “Agreement”), (a) is entered into as of January 23, 2009, by and among each of the persons signatory hereto from time to time as Originators (each an
“Originator” and, collectively, the “Originators”), SYNNEX CORPORATION, a Delaware corporation (“Parent”), in its capacity as servicer hereunder (in such capacity, the “Servicer”)
and SIT FUNDING CORPORATION, a Delaware corporation (“Buyer”) and (b) amends and restates that certain Second Amended and Restated Receivables Transfer Agreement, dated as of February 12, 2007, between Parent as
“Originator” and “Servicer”, and Buyer (as amended prior to the date hereof, the “Existing Transfer Agreement”). 
 RECITALS 
 A. Buyer is a special purpose corporation, the sole shareholder of which is the Parent.

 B. Buyer has been formed for the sole purpose of purchasing all Receivables originated by each Originator and to finance such Receivables
under the Funding Agreement. 
 C. Prior to the date hereof, each Originator has sold such Receivables or contributed such Receivables to
Buyer pursuant to the Existing Transfer Agreement, and from and after the date hereof each Originator intends to continue to sell, and Buyer intends to continue to purchase, such Receivables, from time to time, as described herein. 
 D. In addition, the Parent may, from time to time, contribute capital to Buyer in the form of Contributed Receivables or cash. 
 E. In order to effectuate the purposes of this Agreement and the Funding Agreement, Buyer has appointed Parent to service, administer and collect the
Receivables securing the Advances pursuant to this Agreement and Parent is willing to continue acting in its capacity as Servicer hereunder on the terms and conditions set forth herein. 
 AGREEMENT 
 NOW, THEREFORE, in consideration of the premises and the mutual covenants
hereinafter contained, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 ARTICLE I 
 DEFINITIONS AND INTERPRETATION 
 Section 1.01. Definitions. Capitalized terms used and not otherwise defined herein shall have the meanings ascribed to them in Annex
X. 
 Section 1.02. Rules of Construction. For purposes of this Agreement, the rules of construction set forth in Annex
X shall govern. All Appendices hereto, or expressly identified to this Agreement, are incorporated herein by reference and, taken together with this Agreement, shall constitute but a single agreement. 
  

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 Section 1.03. Amendment and Restatement. Upon the satisfaction or waiver of the conditions
precedent set forth herein, (a) the terms and provisions of the Existing Transfer Agreement shall be amended, superseded and restated in their entirety by the terms and provisions of this Agreement and, unless expressly stated to the contrary,
each reference to the document, instrument or agreement delivered in connection therewith shall mean and be a reference to this Agreement, (b) this Agreement is not intended to and shall not constitute a novation of the Existing Transfer
Agreement or the obligations and liabilities existing thereunder, (c) with respect to any date or time period occurring and ending prior to the Effective Date, the rights and obligations of the parties to the Existing Transfer Agreement shall
be governed by the Existing Transfer Agreement and the other Related Documents (as defined therein), and (d) with respect to any date or time period occurring and ending on or after the Effective Date, the rights and obligations of the parties
hereto shall be governed by this Agreement and the other Related Documents (as defined herein). 
 ARTICLE II 
 TRANSFERS OF RECEIVABLES 
 Section 2.01. Agreement to Transfer. 
 (a) Receivables Transfers. Subject to the terms and conditions hereof,
each Originator agrees to sell (without recourse except to the limited extent specifically provided herein) or, in the case of the Parent, sell or contribute, to Buyer on the Effective Date and on each Business Day thereafter (each such date, a
“Transfer Date”) all Receivables owned by it on each such Transfer Date other than the Excluded Receivables, and Buyer agrees to purchase or acquire as a capital contribution all such Receivables on each such Transfer Date. All such
Transfers by an Originator to Buyer shall collectively be evidenced by a certificate of assignment substantially in the form of Exhibit 2.01(a) (each, a “Receivables Assignment,” and collectively, the
“Receivables Assignments”), and each Originator and Buyer shall have executed and delivered a Receivables Assignment on or before the Effective Date. 
 (b) Determination of Sold Receivables. On and as of each Transfer Date, (i) all Receivables other than the Excluded Receivables then owned by each Originator (other than the Parent) and not previously
acquired by Buyer shall be sold immediately upon its creation, and (ii) to the extent Receivables then owned by the Parent other than the Excluded Receivables have not been contributed to Buyer in accordance with Section 2.01(d),
such Receivables shall be sold to Buyer (each such Receivable sold immediately upon its creation pursuant to clauses (i) and (ii) above, individually, a “Sold Receivable” and, collectively, the “Sold
Receivables”). 
 (c) Payment of Sale Price. (i) In consideration for each Sale of Sold Receivables hereunder, Buyer
shall pay to the Originator thereof on the Transfer Date therefor the applicable Sale Price therefor in Dollars in immediately available funds. All cash payments by Buyer under this Section 2.01(c)(i) shall be effected on the day when
due by means of a wire transfer of same day funds to such account or accounts as the Originators may designate from time to time. 
 (ii) To the extent that the Sale Price of Sold Receivables exceeds the amount of cash then available to Buyer, the applicable Originator hereby agrees to make a subordinated loan (each, a “Subordinated Loan”) to Buyer in an
amount not to exceed the 

  

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lesser of (A) the amount of such excess in satisfaction of the equivalent portion of the Sale Price not paid in cash and (B) the maximum Subordinated
Loan that could be borrowed without rendering Buyer’s Net Worth less than the Required Capital Amount. The Subordinated Loans of an Originator shall be evidenced by a subordinated promissory note substantially in the form of Exhibit
2.01(c)(ii) hereto (a “Subordinated Note”) executed by Buyer and payable to such Originator. The Subordinated Loans shall bear interest and be payable as provided in the Subordinated Note. 
 (d) Determination of Contributed Receivables. Prior to the delivery of an Election Notice, on each Transfer Date on which Buyer cannot pay the
Sale Price therefor in cash or with Subordinated Loans pursuant to clause (c) above, the Parent shall identify Receivables then owned by it which have not been previously acquired by Buyer other than the Excluded Receivables, and shall,
prior to the delivery of an Election Notice, contribute such Receivables as a capital contribution to Buyer (each such contributed Receivable, individually, a “Contributed Receivable,” and collectively, the “Contributed
Receivables”). Notwithstanding the foregoing, the Parent shall not be obligated to make additional contributions to Buyer at any time. If on any Transfer Date (i) the Parent elects not to contribute Receivables (other than the Excluded
Receivables) to Buyer when Buyer cannot pay the Sale Price therefor in cash or through Subordinated Loans, or (ii) any Originator (other than the Parent) does not sell all of its then owned Receivables to Buyer other than the Excluded
Receivables, such Originator shall deliver to Buyer not later than 5:00 p.m. (New York time) on the Business Day immediately preceding such Transfer Date a notice of election thereof (each such notice, an “Election Notice”).

 (e) Ownership of Transferred Receivables. On and after each Transfer Date and after giving effect to the Transfers to be made on
each such date, Buyer shall own the Transferred Receivables and no Originator shall take any action inconsistent with such ownership nor shall any Originator claim any ownership interest in such Transferred Receivables. The Excluded Receivables
shall not be transferred hereunder or otherwise constitute “Sold Receivables”, “Contributed Receivables” or “Transferred Receivables” hereunder or under the Related Documents. 
 (f) Reconstruction of General Trial Balance. If at any time any Originator fails to generate its General Trial Balance, Buyer shall have the right
to reconstruct such General Trial Balance so that a determination of the Transferred Receivables can be made pursuant to Section 2.01(b). Each Originator agrees to cooperate with such reconstruction, including by delivery to Buyer, upon
Buyer’s request, of copies of all Records. 
 (g) Servicing of Receivables. So long as no Event of Servicer Termination shall
have occurred and be continuing and no Successor Servicer has assumed the responsibilities and obligations of the Servicer pursuant to Section 9.02, the Servicer shall (i) conduct the servicing, administration and collection of the
Transferred Receivables and shall take, or cause to be taken, all such actions as may be necessary or advisable to service, administer and collect the Transferred Receivables, all in accordance with (A) the terms of this Agreement,
(B) customary and prudent servicing procedures for trade receivables of a similar type and (C) all applicable laws, rules and regulations, and (ii) hold all Contracts and other documents and incidents relating to the Transferred
Receivables in trust for the benefit of Buyer, as the owner thereof, and for the sole purpose of facilitating the servicing of the Transferred Receivables in accordance with the terms of this Agreement. Buyer hereby instructs the Servicer, and the
Servicer hereby 

  

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acknowledges, that the Servicer shall hold all Contracts and other documents relating to such Transferred Receivables in trust for the benefit of Buyer and
the Servicer’s retention and possession of such Contracts and documents shall at all times be solely in a custodial capacity for the benefit of Buyer and its assigns and pledgees. 
 Section 2.02. Grant of Security Interest. The parties hereto intend that each Transfer shall be absolute and shall constitute a purchase and
sale or capital contribution, as applicable, and not a loan. Notwithstanding the foregoing, in addition to and not in derogation of any rights now or hereafter acquired by Buyer under Section 2.01 hereof, the parties hereto intend that
this Agreement shall constitute a security agreement under applicable law and if a court of competent jurisdiction determines that any transaction provided for herein constitutes a loan and not a sale or capital contribution, as applicable, that
each Originator shall be deemed to have granted, and each Originator does hereby grant, to Buyer a continuing security interest in all of such Originator’s right, title and interest in, to and under the Transferred Receivables whether now owned
or hereafter acquired by such Originator to secure the obligations of such Originator to Buyer hereunder (including, if and to the extent that any Transfer is recharacterized as a transfer for security under applicable law, the repayment of a loan
deemed to have been made by Buyer to the applicable Originator in the amount of the Sale Price with respect thereto, including interest thereon at the Base Rate). Each Originator hereto reconfirms its grant of a security interest to Buyer of a first
priority Lien in and to all of such Originator’s right, title and interest in, to and under the “Transferred Receivables” under, and as defined in, the Existing Transfer Agreement. 
 Section 2.03. Originator Support Agreement. The Parent hereby agrees that in the event that any of its Affiliates become parties to this
Agreement as Originators, the Parent shall undertake and agree, to and for the benefit of Buyer, to cause the due and punctual performance and observance by each such Originator of all of the terms, conditions, agreements and undertakings on the
part of such Originator to be performed or observed by it hereunder or under any other Related Document and, in connection therewith, shall execute and deliver to Buyer an Originator Support Agreement in the form attached hereto as Exhibit
2.03, to more fully evidence such undertaking. 
 Section 2.04. Originators Remain Liable. It is expressly agreed by the
Originators that, anything herein to the contrary notwithstanding, each Originator shall remain liable to the Obligor (and any other party to the related Contract) under any and all of the Transferred Receivables originated by it and under the
Contracts therefor to observe and perform all the conditions and obligations to be observed and performed by it thereunder. Buyer shall not have any obligation or liability to the Obligor or any other party to the related Contract under any such
Transferred Receivables or Contracts by reason of or arising out of this Agreement or the granting herein of a Lien thereon or the receipt by Buyer of any payment relating thereto pursuant hereto. The exercise by Buyer of any of its rights under
this Agreement shall not release any Originator from any of its respective duties or obligations under any such Transferred Receivables or Contracts. Buyer shall not be required or obligated in any manner to perform or fulfill any of the obligations
of any Originator under or pursuant to any such Transferred Receivable or Contract, or to make any payment, or to make any inquiry as to the nature or the sufficiency of any payment received by it or the sufficiency of any performance by any party
under 

  

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any such Transferred Receivable or Contract, or to present or file any claims, or to take any action to collect or enforce any performance or the payment of
any amounts that may have been assigned to it or to which it may be entitled at any time. 
 ARTICLE III 
 CONDITIONS PRECEDENT 
 Section 3.01. Conditions Precedent to Initial Transfer. The initial Transfer hereunder shall be subject to satisfaction of each of the following conditions precedent: 
 (a) Sale Agreement; Other Documents. This Agreement or counterparts hereof shall have been duly executed by, and delivered to, each Originator,
the Servicer and Buyer, and Buyer shall have received such information, documents, instruments, agreements and legal opinions as Buyer shall request in connection with the transactions contemplated by this Agreement, including all those identified
in the Schedule of Documents, each in form and substance satisfactory to Buyer. 
 (b) Governmental Approvals. Buyer shall have
received (i) satisfactory evidence that the Originators and the Servicer have obtained all required consents and approvals of all Persons, including all requisite Governmental Authorities, to the execution, delivery and performance of this
Agreement and the other Related Documents and the consummation of the transactions contemplated hereby and thereby or (ii) an Officer’s Certificate from each Originator and the Servicer in form and substance satisfactory to Buyer affirming
that no such consents or approvals are required. 
 (c) Compliance with Laws. Each Originator shall be in compliance with all
applicable foreign, federal, state, provincial and local laws and regulations, including, without limitation, those specifically referenced in Section 4.02(f). 
 (d) Funding Agreement Conditions. Each of the conditions precedent set forth in Section 3.01 of the Funding Agreement shall have been
satisfied or waived in writing as provided therein. 
 Section 3.02. Conditions Precedent to all Transfers. Each Transfer
hereunder (including the initial Transfer) shall be subject to satisfaction of the following further conditions precedent as of the Transfer Date therefor: 
 (a) Representations and Warranties. The representations and warranties of each Originator contained herein or in any other Related Document shall be true and correct as of such Transfer Date, both before and
after giving effect to such Transfer and to the application of the Sale Price therefor, except to the extent that any such representation or warranty expressly relates to an earlier date and except for changes therein expressly permitted by this
Agreement; 
 (b) No Facility Termination Date. (i) The Administrative Agent shall not have declared the Facility Termination
Date to have occurred following the occurrence of a Termination Event, and (ii) the Facility Termination Date shall not have automatically occurred, in either event, in accordance with Section 9.01 of the Funding Agreement; 
  

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 (c) Compliance with Covenants. Each Originator shall be in compliance with each of its covenants
and other agreements set forth herein or in any other Related Document; 
 (d) Funding Agreement Conditions. Each of the conditions
precedent set forth in Section 3.02 of the Funding Agreement shall have been satisfied or waived in writing as provided therein; and 
 (e) Other Actions. Each Originator shall have taken such other action, including delivery of approvals, consents, opinions, documents and instruments to Buyer as Buyer may reasonably request. 
 The acceptance by any Originator of the Sale Price for any Sold Receivables and the contribution to Buyer by the Parent of any Contributed Receivables on any Transfer
Date shall be deemed to constitute, as of any such Transfer Date, a representation and warranty by such Originator that the conditions precedent set forth in this Article III have been satisfied. Upon any such acceptance or contribution,
title to the Transferred Receivables sold or contributed on such Transfer Date shall be vested absolutely in Buyer, whether or not such conditions were in fact so satisfied. 
 ARTICLE IV 
 REPRESENTATIONS, WARRANTIES AND COVENANTS 
 Section 4.01. Representations and Warranties of the Transaction Parties. To induce Buyer to purchase the Sold Receivables and to acquire the
Contributed Receivables, each Transaction Party, as applicable, makes the following representations and warranties to Buyer as of the Closing Date and, except to the extent otherwise expressly provided below, as of each Transfer Date, each of which
shall survive the execution and delivery of this Agreement. 
 (a) Existence; Compliance with Law. Each Transaction Party (i) is
a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation and is duly qualified to do business and is in good standing in every jurisdiction in which the nature of its business requires
it to be so qualified (except where the failure to be so qualified and in good standing would not have a Material Adverse Effect); (ii) has the requisite power and authority and the legal right to own, pledge, mortgage, operate and convey all
of its properties, to lease the property it operates under lease, and to conduct its business as now or proposed to be conducted, and to execute and deliver this Agreement and the Related Documents to which it is a party and to perform the
transactions contemplated hereby and thereby; (iii) has all licenses, permits, consents or approvals from or by, and has made all filings with, and has given all notices to, all Governmental Authorities having jurisdiction, to the extent
required for such ownership, operation and conduct (except where the failure to have such licenses, permits, consents or approvals or make such filings or give such notices would not have a Material Adverse Effect); (iv) is in compliance with
its articles or certificate of incorporation and bylaws and other organizational documents; and (v) is in compliance with all applicable provisions of law (except where the failure to be in compliance would not have a Material Adverse Effect).

 (b) Jurisdiction of Organization; Executive Offices; Collateral Locations; Corporate or Other Names; FEIN. As of the Closing Date,
each Originator is a registered organization of the type and is organized under the laws of the state set forth in Schedule 4.01(b) (which is its only jurisdiction of organization) and each such Originator’s organizational identification number
(if any), the current 
  

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 location of such Originator’s executive office, principal place of business, other offices, the warehouses and
premises within which any records relating to the Receivables is stored or located are set forth in Schedule 4.01(b) and, except as set forth in Schedule 4.01(b), such locations have not changed during the preceding twelve months. In
addition, Schedule 4.01(b) lists the federal employer identification number of each Originator. 
 (c) Corporate Power,
Authorization, Enforceable Obligations. The execution, delivery and performance by each Transaction Party of this Agreement and the other Related Documents to which it is a party and the creation and perfection of all Transfers and Liens
provided for herein and therein, the exercise by Buyer or its assigns of any of its rights and remedies under any Related Document to which it is a party: (i) are within such Transaction Party’s corporate power; (ii) have been duly
authorized by all necessary corporate or other action; (iii) do not contravene any provision of such Transaction Party’s articles or certificate of incorporation or by-laws; (iv) do not violate any law or regulation, or any order or
decree of any court or Governmental Authority except to the extent such violation could not reasonably be expected to result in a Material Adverse Effect; (v) do not contravene, or cause such Transaction Party to be in default under, any
contractual restriction contained in any indenture, loan or credit agreement, lease, mortgage, security agreement, bond, note (other than, in the case of the Parent, the Convertible Senior Notes) or other agreement or instrument binding on or
affecting such Transaction Party or its property; (vi) do not result in the creation or imposition of any Adverse Claim upon any of the property of such Transaction Party; and (vii) do not require the consent or approval of any
Governmental Authority or any other Person, except those referred to in Section 3.01(b), all of which will have been duly obtained, made or complied with prior to the Effective Date. At or prior to the Effective Date, each of the Related
Documents shall have been duly executed and delivered by or on behalf of the Transaction Party intended to be party thereto and on the Closing Date each such Related Document shall then constitute a legal, valid and binding obligation of such
Transaction Party, enforceable against it in accordance with its terms, subject, as to enforceability, to (A) any applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect relating to or
affecting the enforceability of creditors’ rights generally and (B) general equitable principles, whether applied in a proceeding at law or in equity. 
 (d) No Litigation. Except as set forth in Schedule 4.01(d), no Litigation is now pending or, to the knowledge of any Transaction Party, threatened against any Transaction Party or any other Subsidiary of the
Parent before any Governmental Authority which (i) challenges such Transaction Party’s right, power or competence to enter into or perform any of its obligations under the Related Documents to which it is a party, or the validity or
enforceability of any Related Document or any action taken thereunder, (ii) seeks to prevent the Transfer or pledge of any Receivable (other than Excluded Receivables) or the consummation of any of the transactions contemplated under this
Agreement or the other Related Documents or (iii) is reasonably likely to result in a Material Adverse Effect. To the knowledge of such Transaction Party, there does not exist a state of facts which is reasonably likely to give rise to such
proceedings. Except as set forth in Schedule 4.01(d), such Transaction Party is not a party to any consent decree. 
  

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 (e) Solvency. After giving effect to (i) the transactions contemplated by this Agreement and
the other Related Documents and (ii) the payment and accrual of all transaction costs in connection with the foregoing, each Transaction Party is and will be Solvent. After giving effect to the sale and contribution of Transferred Receivables
and other payments and transactions contemplated on such Transfer Date, each Transaction Party is and will be Solvent. 
 (f) Material
Adverse Effect. Since November 30, 2008, no event has occurred that alone or together with other events could reasonably be expected to have a Material Adverse Effect. 
 (g) Ownership of Receivables; Liens. Each Originator owns and has good and marketable title to each Receivable (other than Excluded Receivables)
originated or acquired by it free and clear of any Adverse Claim and, from and after each Transfer Date, Buyer will acquire valid and properly perfected title to, and the sole record and beneficial ownership interest in, each Transferred Receivable
purchased or otherwise acquired on such date, free and clear of any Adverse Claim or restrictions on transferability. Each Originator has received all assignments, bills of sale and other documents, and has duly effected all recordings, filings and
other actions necessary to establish, protect and perfect such Originator’s right, title and interest in and to the Receivables (other than Excluded Receivables) originated or acquired by it and its other properties and assets. Each Originator
has rights in and full power to transfer its Receivables (other than Excluded Receivables) hereunder. No effective financing statements or other similar instruments are of record in any filing office listing any Originator as debtor and purporting
to cover the Transferred Receivables. 
 (h) Ventures, Subsidiaries and Affiliates; Outstanding Stock and Debt. On the Effective Date,
no Originator has any Subsidiaries other than those Subsidiaries set forth on Schedule 4.01(h) and, except as set forth on Schedule 4.01(h), no Originator nor any Subsidiary of such Originator is engaged in any joint venture or partnership
with any other Person or has any equity interest in any other Person. On the Effective Date, all of the issued and outstanding Stock of each Originator (other than Parent) is directly or indirectly owned by the Parent. Except as set forth in
Schedule 4.01(h) and except for stock options issued after the Effective Date pursuant to Parent’s stock option plans set forth on Schedule 4.01(m), there are no outstanding rights to purchase stock, options, warrants or similar
rights, agreements or plans pursuant to which Parent or any of its Subsidiaries may be required to issue, sell or purchase any Stock or other equity security. Schedule 4.01(h) lists all Debt of each Originator as of the Effective Date, other
than any such Debt consisting of any letters of credit issued for the account of such Originator. 
 (i) Taxes. Except as disclosed in
Schedule 4.01(i), all material tax returns, reports and statements, including information returns (Form 1120-S), required by any Governmental Authority to be filed by any Transaction Party have been filed with the appropriate Governmental
Authority and all Charges and other impositions shown thereon to be due and payable (other than Charges or other impositions which such Transaction Party is diligently contesting in good faith by appropriate proceedings, in respect of which no final
unappealable order has been made against such Transaction Party, and with respect to which such Transaction Party is maintaining adequate reserves under GAAP) have been paid prior to the date on which any fine, penalty, interest or late charge may
be added thereto for nonpayment thereof, or any such fine, penalty, 
  

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 interest, late charge or loss has been paid. Each Transaction Party has paid when due and payable all material Charges
required to be paid by it. Proper and accurate amounts have been withheld by each Transaction Party from its employees (as applicable) for all periods in full and complete compliance with the tax, social security and unemployment withholding
provisions of applicable federal, state, local and foreign law and such withholdings have been timely paid to the respective Governmental Authorities. Schedule 4.01(i) sets forth those taxable years for which any of the tax returns of each
Transaction Party are currently being audited by the IRS or any other applicable Governmental Authority; and any assessments or threatened assessments in connection with such audit or otherwise currently outstanding. Except as described in
Schedule 4.01(i), no Transaction Party has executed or filed with the IRS or any other Governmental Authority any agreement or other document extending, or having the effect of extending, the period for assessment or collection of any
Charges. No Transaction Party has agreed or been requested to make any adjustment under IRC Section 481(a) by reason of a change in accounting method or otherwise that would have a Material Adverse Effect. 
 (j) Intellectual Property. Except as otherwise set forth in Schedule 4.01(j), on the Effective Date, and thereafter, as of the end of each
first and third fiscal quarter of each of its fiscal years, each Originator owns all licenses, patents, patent applications, copyrights, service marks, trademarks, trademark applications and trade names which are necessary to continue to conduct its
business as heretofore conducted by it, now conducted by it and proposed to be conducted by it, each of which is listed, together with United States Patent and Trademark Office or United States Copyright Office application or registration numbers
(or similar information for foreign registration or applications), where applicable, in Schedule 4.01(j), and will be updated by such Originator to reflect any change therein at the end of each first and third fiscal quarter of each of its
fiscal years. Each Originator conducts business without infringement or claim of infringement of any license, patent, copyright, service mark, trademark, trade name, trade secret or other intellectual property right of others, except where such
infringement or claim of infringement, individually or in the aggregate, could not have or result in a Material Adverse Effect. Except as set forth in Schedule 4.01(j), to each Originator’s knowledge, there is no infringement or
claim of infringement by others of any material license, patent, copyright, service mark, trademark, trade name, trade secret or other intellectual property right of such Originator, except where such infringement or claim of infringement,
individually or in the aggregate, could not have or result in a Material Adverse Effect. 
 (k) Full Disclosure. No information
contained in this Agreement, any of the other Related Documents or any written statement furnished by or on behalf of any Transaction Party to Buyer, any Managing Agent or the Administrative Agent relating to this Agreement, the Sold Receivables or
any of the other Related Documents, in each case, contains any untrue statement of a material fact or omits to state a material fact necessary to make the statements contained herein or therein not misleading in light of the circumstances under
which they were made. All business plans and other forecasts and projections (including the Projections) furnished by or on behalf of any Transaction Party and made available to Buyer, any Managing Agent or the Administrative Agent relating to the
financial condition, operations, business, properties or prospects of such Transaction Party thereof were prepared in good faith on the basis of the facts and assumptions stated therein, which assumptions were fair in light of the conditions
existing at the time of delivery of such forecasts, and represented, at the time of delivery, such Transaction Party’s reasonable estimate of its plans, forecasts or projections, as applicable, based on the information available at the time (it
being acknowledged that actual results may vary, and such variations may be material). 
  

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 (l) Notices to Obligors. Each Transaction Party has directed all Obligors of Transferred
Receivables originated by it to remit all payments with respect to such Receivables for deposit in a Lockbox or the Concentration Account. 
 (m) ERISA. 
 (i) Schedule 4.01(m) lists all Plans and separately identifies all Pension Plans,
including all Title IV Plans, Multiemployer Plans, ESOPs and Welfare Plans, including all Retiree Welfare Plans. The IRS has issued an opinion letter regarding the prototype plan document that has been adopted by Buyer with respect to its Qualified
Plan, and, except as set forth on Schedule 4.01(m), to the knowledge of the Transaction Parties, nothing has occurred that could reasonably be expected to cause the loss of the tax-qualified status of the Qualified Plan. Except as otherwise
provided in Schedule 4.01(m), to the knowledge of the Transaction Parties, (x) each Plan is in material compliance with the applicable provisions of ERISA and the IRC, including the timely filing of all reports required under the IRC or
ERISA, (y) no Transaction Party or any of their respective ERISA Affiliates has failed to make any contribution or pay any amount due as required by either Section 412 of the IRC or Section 302 of ERISA or the terms of any Plan,
subject to such sections, and (z) no Transaction Party or any of their respective ERISA Affiliates has engaged in a “prohibited transaction,” as defined in Section 4975 of the IRC, in connection with any Plan that could
reasonably be expected to subject any Transaction Party to a material tax on prohibited transactions imposed by Section 4975 of the IRC. 
 (ii) Except as set forth in Schedule 4.01(m): (A) no Title IV Plan has any Unfunded Pension Liability; (B) no ERISA Event or event described in Section 4062(e) of ERISA with respect to any Title
IV Plan has occurred within the past three years or is reasonably expected to occur; (C) there are no pending or, to the knowledge of any Transaction Party, threatened claims (other than claims for benefits in the normal course), sanctions,
actions or lawsuits, asserted or instituted against any Plan or any Person as fiduciary or sponsor of any Plan; (D) no Transaction Party or any of their respective ERISA Affiliates has incurred or reasonably expects to incur any liability as a
result of a complete or partial withdrawal from a Multiemployer Plan; (E) within the last five years no Title IV Plan with Unfunded Pension Liabilities has been transferred outside of the “controlled group” (within the meaning of
Section 4001(a)(14) of ERISA) of any Transaction Party or their respective ERISA Affiliates; (F) Stock of all Transaction Parties and their respective ERISA Affiliates makes up, in the aggregate, no more than 10% of the assets of any Plan
subject to Title I of ERISA, measured on the basis of fair market value as of the last valuation date of any Plan; and (G) no liability under any Title IV Plan has been satisfied with the purchase of a contract from an insurance company that is
not rated AAA by S&P or an equivalent rating by another nationally recognized rating agency. 
  

 10 

 (n) Brokers. No broker or finder acting on behalf of any Transaction Party was employed or
utilized in connection with this Agreement or the other Related Documents or the transactions contemplated hereby or thereby and no Transaction Party has any obligation to any Person in respect of any finder’s or brokerage fees in connection
herewith or therewith. 
 (o) Margin Regulations. No Transaction Party is engaged in the business of extending credit for the purpose
of “purchasing” or “carrying” any “margin security” as such terms are defined in Regulations T, U or X of the Federal Reserve Board as now and from time to time hereafter in effect (such securities being referred to
herein as “Margin Stock”). No Transaction Party owns any Margin Stock, and no portion of the proceeds of the Sale Price from any Sale will be used, directly or indirectly, for the purpose of purchasing or carrying any Margin Stock,
for the purpose of reducing or retiring any Debt that was originally incurred to purchase or carry any Margin Stock or for any other purpose that might cause any portion of such proceeds to be considered a “purpose credit” within the
meaning of Regulations T, U or X of the Federal Reserve Board. No Transaction Party will take or permit to be taken any action that might cause any Related Document to violate any regulation of the Federal Reserve Board. 
 (p) Nonapplicability of Bulk Sales Laws. No transaction contemplated by this Agreement or any of the other Related Documents requires compliance
with any bulk sales act or similar law. 
 (q) Investment Company Act Exemptions. Each purchase of Transferred Receivables under this
Agreement constitutes a purchase or other acquisition of notes, drafts, acceptances, open accounts receivable or other obligations representing part or all of the sales price of merchandise, insurance or services within the meaning of
Section 3(c)(5) of the Investment Company Act. 
 (r) Government Regulation. No Transaction Party is (i) an “investment
company” or an “affiliated person” of, or “promoter” or “principal underwriter” for, an “investment company,” as such terms are defined in the Investment Company Act or (ii) subject to regulation
under the Federal Power Act, or any other federal or state statute that restricts or limits its ability to incur Debt or to perform its obligations hereunder or under any other Related Document. The purchase or acquisition of the Transferred
Receivables by Buyer hereunder, the application of the Sale Price therefor and the consummation of the transactions contemplated by this Agreement and the other Related Documents will not violate any provision of any such statute or any rule,
regulation or order issued by the Securities and Exchange Commission. 
 (s) Books and Records; Minutes. The by-laws or the
certificate or articles of incorporation of each Originator require it to maintain (i) books and records of account and (ii) minutes of the meetings and other proceedings of its Stockholders and board of directors (or an analogous
governing body). 
 (t) Deposit and Disbursement Accounts. Schedule 4.01(t) lists all banks and other financial
institutions at which any Originator or the Servicer maintains deposit accounts established for the receipt of collections on accounts receivable, including the Concentration Account, and such schedule correctly identifies the name, address and
telephone number of each depository, the name in which the account is held, a description of the purpose of the account, and the complete account number therefor. 
  

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 (u) Representations and Warranties in Other Related Documents. Each of the representations and
warranties of each Transaction Party contained in the Related Documents (other than this Agreement) is true and correct and such Transaction Party hereby makes each such representation and warranty to, and for the benefit of, Buyer as if the same
were set forth in full herein. Each Transaction Party consents to the assignment of Buyer’s rights with respect to all such representations and warranties to the Administrative Agent and the Secured Parties (and their respective successors and
assigns) pursuant to the Funding Agreement as more fully described in Section 6.03 below. 
 (v) Receivables. With respect
to each Transferred Receivable acquired by Buyer hereunder: 
 (i) each such Receivable included in any Borrowing Base
Certificate as an Eligible Receivable, as of the applicable Transfer Date therefor, satisfied the criteria for an Eligible Receivable; 
 (ii) immediately prior to its transfer to Buyer, such Receivable was owned by the Originator thereof free and clear of any Adverse Claim, and such Originator had the full right, power and authority to sell,
contribute, assign, transfer and pledge its interest therein as contemplated under this Agreement and the other Related Documents and, upon such Transfer, Buyer will acquire valid and properly perfected title to and the sole record and beneficial
ownership interest in such Receivable, free and clear of any Adverse Claim and, following such Transfer, such Receivable will not be subject to any Adverse Claim as a result of any action or inaction on the part of such Originator; 
 (iii) the Transfer of each such Receivable pursuant to this Agreement and the Receivables Assignment executed by the Originator thereof
constitutes, as applicable, a valid sale, contribution, transfer, assignment, setover and conveyance to Buyer of all right, title and interest of such Originator in and to such Receivable; and 
 (iv) the Originator of such Receivable has no knowledge of any fact (including Dilution Factors) (including any defaults by the Obligor
thereunder on any other Receivable) that would cause it or should have caused it to expect that any payments on such Receivable will not be paid in full when due or to expect any other Material Adverse Effect with respect to such Receivable.

 (w) Fair Value. With respect to each Transferred Receivable acquired by Buyer hereunder, (i) the consideration received from
Buyer in respect of such Transferred Receivable represents adequate consideration and fair and reasonably equivalent value for such Transferred Receivable as of the applicable Transfer Date and (ii) such consideration is not less than the fair
market value of such Transferred Receivables, in each case, as of the applicable Transfer Date and taking into account any increase in the outstanding balance of the Subordinated Note. 
  

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 (x) Supplementary Representations. 
 (i) Receivables; Accounts. 
 (A) Each Receivable (other than Excluded Receivables) constitutes an “account” or a “general intangible” within the meaning of the applicable UCC. 
 (B) Each Account constitutes a “deposit account” within the meaning of the applicable UCC. 
 (ii) Creation of Security Interest. Prior to the Transfer thereof, the Originators own and have good and marketable title to the
Receivables (other than Excluded Receivables), the Accounts and the Lockboxes, free and clear of any Adverse Claim. The Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Transferred Receivables, the
Accounts, the Lockboxes and the Collections in favor of Buyer, which security interest is prior to all other Adverse Claims and is enforceable as such as against any creditors of and purchasers from the Originators. 
 (iii) Perfection. Within 10 days of the Effective Date, the Originators have caused the filing of all appropriate financing
statements in the proper filing office in the appropriate jurisdictions under applicable law and entered into the Account Agreements in order to perfect the Transfer of the Transferred Receivables from the Originators to Buyer pursuant to this
Agreement. 
 (iv) Priority. 
 (A) Other than the Transfer of the Transferred Receivables by the Originators to the Borrower pursuant to this Agreement, no Originator
has pledged, assigned, sold, conveyed, or otherwise granted a security interest in any of the Transferred Receivables, the Accounts, the Lockboxes to any other Person. 
 (B) No Originator has authorized, or is aware of, any filing of any financing statement against itself or any other Originator that
includes a description of collateral covering the Transferred Receivables or any other assets transferred to Buyer hereunder, other than any financing statement filed pursuant to this Agreement and the Funding Agreement or financing statements that
have been validly terminated on or prior to the date hereof. 
 (C) No Originator is aware of any judgment, ERISA or tax lien
filings against itself or any other Originator. 
 (D) None of the Accounts or any of the Lockboxes are in the name of any
Person other than the Borrower or the Administrative Agent. No Originator has consented to any Bank complying with instructions of any person other than the Administrative Agent. 
  

 13 

 (v) Survival of Supplemental Representations. Notwithstanding any other provision
of this Agreement or any other Related Document, the representations contained in this Section 4.01(x) shall be continuing, and remain in full force and effect until the Termination Date. 
 The representations and warranties described in this Section 4.01 shall survive the Transfer of the Transferred Receivables to Buyer, any subsequent
assignment of the Transferred Receivables by Buyer, and the termination of this Agreement and the other Related Documents and shall continue until the indefeasible payment in full of all Transferred Receivables. 
 Section 4.02. Affirmative Covenants of the Originators. Each Originator covenants and agrees that, unless otherwise consented to by Buyer,
from and after the Effective Date and until the Termination Date: 
 (a) Offices and Records. Each Originator shall maintain its
organizational form, jurisdiction of organization, organizational identification number, principal place of business and chief executive office and the office at which it keeps its Records at the respective locations specified in Schedule
4.01(b) or, upon 30 days’ prior written notice to Buyer and the Administrative Agent, at such other location in a jurisdiction where all action requested by Buyer, any Lender or the Administrative Agent pursuant to Section 6.13
shall have been taken with respect to the Transferred Receivables. Each Originator shall at its own cost and expense, for not less than three years from the date on which each Transferred Receivable was originated, or for such longer period as may
be required by law, maintain adequate Records with respect to such Transferred Receivable, including records of all payments received, credits granted and merchandise returned with respect thereto. Upon the request of Buyer, each Originator shall
(i) mark each Contract (other than invoices) evidencing each Transferred Receivable with a legend, acceptable to Buyer, evidencing that Buyer has purchased such Transferred Receivable and that the Administrative Agent, for the benefit of the
Secured Parties, has a security interest in and lien thereon, and (ii) mark its master data processing records evidencing such Transferred Receivables with such a legend. 
 (b) Access. Each Originator shall, at its own expense, during normal business hours, from time to time upon one Business Day’s prior notice
and as frequently as Buyer or the Servicer determines to be appropriate: (i) provide Buyer, the Servicer and any of their respective officers, employees, agents and representatives access to its properties (including properties of such
Originator utilized in connection with the collection, processing or servicing of the Transferred Receivables), facilities, advisors and employees (including officers) of each Originator, (ii) permit Buyer and the Servicer and any of their
respective officers, employees, agents and representatives to inspect, audit and make extracts from such Originator’s books and records, including all Records maintained by such Originator, (iii) permit Buyer, the Servicer and their
respective officers, employees, agents and representatives, to inspect, review and evaluate the Transferred Receivables of such Originator, and (iv) permit Buyer, the Servicer and their respective officers, employees, agents and representatives
to discuss matters relating to the Transferred Receivables or such Originator’s performance under this Agreement or the affairs, finances and accounts of such Originator with any of its officers, directors, employees, representatives or agents
(in each case, with those Persons having knowledge of such matters) and with its independent certified public accountants; provided that any access described in clauses (i) – (iv) above shall be reasonably related
to the transactions 

  

 14 

 
contemplated by the Transaction Documents and to the Transferred Receivables. If an Incipient Termination Event or a Termination Event shall have occurred
and be continuing, or Buyer, in good faith, notifies any Originator that an Incipient Termination Event or a Termination Event may have occurred, is imminent or deems its rights or interests in the Transferred Receivables insecure, each such
Originator shall provide such access at all times and without advance notice and shall provide Buyer and the Servicer with access to its suppliers and customers. Each Originator shall make available to Buyer and the Servicer and their respective
counsel, as quickly as is possible under the circumstances, originals or copies of all books and records, including Records maintained by such Originator, as Buyer or the Servicer may request. Each Originator shall deliver any document or instrument
necessary for Buyer or the Servicer, as they may from time to time request, to obtain records from any service bureau or other Person that maintains records for such Originator, and shall maintain duplicate records or supporting documentation on
media, including computer tapes and discs owned by such Originator. 
 (c) Communication with Accountants. Each Originator authorizes
Buyer the Servicer and their designated representatives to communicate directly with its independent certified public accountants, and authorizes and, if requested by Buyer or Servicer, shall instruct those accountants to disclose and make available
to Buyer, the Servicer and their designated representatives, any and all financial statements and other supporting financial documents, schedules and information relating to such Originator (including copies of any issued management letters) with
respect to the business, financial condition and other affairs of such Originator. Each Originator agrees to render to Buyer and the Servicer at such Originator’s own cost and expense, such clerical and other assistance as may be reasonably
requested with regard to the foregoing, it being understood that the Originator shall be required to comply with a request under this Section 4.02(c) only to the extent such request is reasonably related to the transactions contemplated
by the Transaction Documents and to the Transferred Receivables. If any Termination Event shall have occurred and be continuing, each Originator shall, promptly upon request therefor, deliver to Buyer or its designee all Records reflecting activity
through the close of business on the Business Day immediately preceding the date of such request. 
 (d) Compliance With Credit and
Collection Policies. Each Originator shall comply with the Credit and Collection Policies applicable to each Transferred Receivable and the Contracts therefor, and with the terms of such Transferred Receivables and Contracts. 
 (e) Assignment. Each Originator agrees that Buyer may collaterally assign (and has collaterally assigned) all of its right, title and interest in,
to and under the Transferred Receivables and this Agreement to the Administrative Agent (for the benefit of the Secured Parties) under the Funding Agreement, including its right to exercise the remedies set forth in Section 4.04. Each
Originator agrees that, prior to the Termination Date under the Funding Agreement, the Administrative Agent (for the benefit of the Secured Parties) may enforce directly, without joinder of Buyer, all of Buyer’s rights hereunder and all of the
obligations of such Originator hereunder, including any obligations of such Originator set forth in Sections 4.04, 5.01 and 6.14, and that the Administrative Agent and the Secured Parties shall be third party beneficiaries of
Buyer’s rights hereunder. 
  

 15 

 (f) Compliance with Agreements and Applicable Laws. Each Originator shall perform each of its
obligations under this Agreement and the other Related Documents and comply with all federal, state, provincial and local laws and regulations applicable to it and the Receivables, including those relating to truth in lending, retail installment
sales, fair credit billing, fair credit reporting, equal credit opportunity, fair debt collection practices, privacy, licensing, securities laws, margin regulations, taxation, ERISA and labor matters and environmental laws and environmental permits,
except where the failure to so comply could not reasonably be expected to result in a Material Adverse Effect. Each Originator shall pay all Charges, including any stamp duties, which may be imposed as a result of the transactions contemplated by
this Agreement and the other Related Documents, except to the extent such Charges are being contested in accordance with Section 4.02(k). 
 (g) Maintenance of Existence and Conduct of Business. Each Originator shall: (i) do or cause to be done all things necessary to preserve and keep in full force and effect its corporate existence and,
except where the failure to do so could not reasonably be expected to result in a Material Adverse Effect, its rights and franchises; (ii) continue to conduct its business substantially as now conducted or as otherwise permitted hereunder;
(iii) at all times maintain, preserve and protect all of its assets and properties which are necessary in the conduct of its business, including all licenses, permits, charters and registrations, and keep the same in good repair, working order
and condition in all material respects (taking into consideration ordinary wear and tear) and from time to time make, or cause to be made, all necessary or appropriate repairs, replacements and improvements thereto consistent with industry
practices; and (iv) transact business only in such corporate, legal and trade names as are set forth in Schedule 4.02(g) or, upon 30 days’ prior written notice to Buyer, in such other corporate, legal or trade names with respect to
which all action requested by Buyer pursuant to Section 6.13 shall have been taken with respect to the Transferred Receivables. 
 (h) Notice of Material Event. Each Originator shall promptly inform Buyer and the Administrative Agent in writing of the occurrence of any of the following, in each case setting forth the details thereof, any notices or other
correspondence relating thereto, and what action, if any, such Originator proposes to take with respect thereto: 
 (i) any
Litigation commenced or threatened against the Parent, any Originator or any other Subsidiary of the Parent or with respect to or in connection with all or any portion of the Transferred Receivables that (A) is reasonably likely to involve an
amount in excess of $10,000,000 individually or in the aggregate with any related Litigation, (B) seeks injunctive relief, (C) is asserted or instituted against any Plan, its fiduciaries (in their capacity as a fiduciary of any such
Plan) or its assets or against the Parent, any Originator or any other Subsidiary of the Parent or any of their respective ERISA Affiliates in connection with any Plan, (D) alleges criminal misconduct by the Parent, any Originator or any other
Subsidiary of the Parent, or (E) if determined adversely, could reasonably be expected to have a Material Adverse Effect; 
 (ii) the commencement of a case or proceeding by or against the Parent, any Originator or any other Subsidiary of the Parent seeking a decree or order in respect of the Parent, any Originator or such Subsidiary (A) under the Bankruptcy
Code or 

  

 16 

 
any other applicable federal, state, provincial or foreign bankruptcy or other similar law, (B) appointing a custodian, receiver, liquidator, assignee,
trustee or sequestrator (or similar official) for the Parent, any Originator or such Subsidiary or for any substantial part of such Person’s assets, or (C) ordering the winding-up or liquidation of the affairs of the Parent, any Originator
or any other Subsidiary of the Parent; 
 (iii) the receipt of notice that (A) the Parent, such Originator, or any other
Subsidiary of the Parent is being placed under regulatory supervision, (B) any material license, permit, charter, registration or approval necessary for the conduct of the Parent’s, such Originator’s or any other Subsidiary of the
Parent’s business is to be, or may be, suspended or revoked, or (C) the Parent, such Originator or any other Subsidiary of the Parent is to cease and desist any practice, procedure or policy employed by the Parent, such Originator or any
other Subsidiary of the Parent in the conduct of its business if such cessation could reasonably be expected to have a Material Adverse Effect; 
 (iv)(A) any Adverse Claim made or asserted against any of the Transferred Receivables of which it becomes aware or (B) any determination that a Transferred Receivable was not an Eligible Receivable at the time of
its Transfer to Buyer or has ceased to be an Eligible Receivable on account of any matter giving rise to indemnification under Section 5.01; 
 (v) the establishment of any Title IV Plan or undertaking to make contributions to any Multiemployer Plan, ESOP or Retiree Welfare Plan not listed on Schedule 4.01(m); or 
 (vi) any other event, circumstance or condition that has had or could reasonably be expected to have a Material Adverse Effect.

 (i) Separate Identity. 
 (i) Each Originator shall, and shall cause each other member of the Parent Group to, maintain records and books of account separate from those of Buyer. 
 (ii) The financial statements of the Parent and its consolidated Subsidiaries shall disclose the effects of each Originator’s
transactions in accordance with GAAP and, in addition, disclose that (A) Buyer’s sole business consists of the purchase or acceptance through capital contribution (in the case of the Parent) of the Transferred Receivables from the
Originators and the subsequent financing of such Receivables pursuant to the Funding Agreement, (B) Buyer is a separate legal entity with its own separate creditors who will be entitled, upon its liquidation, to be satisfied out of Buyer’s
assets prior to any value in Buyer becoming available to Buyer’s Stockholders and (C) the assets of Buyer are not available to pay creditors of any Originator or any other Affiliate of such Originator. 
 (iii) The resolutions, agreements and other instruments underlying the transactions described in this Agreement shall be continuously
maintained by each Originator as official records. 
  

 17 

 (iv) Each Originator shall, and shall cause each other member of the Parent Group to,
maintain an arm’s-length relationship with Buyer and shall not hold itself out as being liable for the Debts of Buyer. 
 (v) Each Originator shall, and shall cause each other member of the Parent Group to, keep its assets and its liabilities wholly separate from those of Buyer. 
 (vi) Each Originator shall, and shall cause each other member of the Parent Group to, conduct its business solely in its own name or the
name of the Parent or through its duly Authorized Officers or agents and in a manner designed not to mislead third parties as to the separate identity of Buyer. 
 (vii) No Originator shall (and each Originator shall cause each other member of the Parent Group not to) mislead third parties by
conducting or appearing to conduct business on behalf of Buyer or expressly or impliedly representing or suggesting that such Originator or any other member of the Parent Group is liable or responsible for the Debts of Buyer or that the assets of
such Originator or any other member of the Parent Group are available to pay the creditors of Buyer. 
 (viii) The operating
expenses and liabilities of Buyer shall be paid from Buyer’s own funds and not from any funds of any Originator or other member of the Parent Group. 
 (ix) Each Originator shall, and shall cause each other member of the Parent Group to, at all times have stationery and other business forms and a mailing address and telephone number separate from those of Buyer.

 (x) Each Originator shall, and shall cause each other member of the Parent Group to, at all times limit its transactions
with Buyer only to those expressly permitted hereunder or under any other Related Document. 
 (xi) Each Originator shall, and
shall cause each other member of the Parent Group to, comply with (and cause to be true and correct) each of the facts and assumptions contained in the opinions of Pillsbury Winthrop Shaw Pittman LLP delivered pursuant to the Schedule of Documents.

 (j) ERISA and Environmental Notices. Each Originator shall give Buyer prompt written notice of (i) any event that could
reasonably be expected to result in the imposition of a Lien under Section 412 of the IRC or Section 302 or 4068 of ERISA, (ii) any event that could reasonably be expected to result in the incurrence by any Originator of any
liabilities under Title IV of ERISA (other than premium payments arising in the ordinary course of business), and (iii) any environmental claims against the Parent, any Originator or any other Subsidiary of the Parent which, individually or in
the aggregate, could reasonably be expected to exceed $250,000. 
  

 18 

 (k) Payment, Performance and Discharge of Obligations. 
 (i) Subject to Section 4.02(k)(ii), each Originator shall (and shall cause each other member of the Parent Group to) pay,
perform and discharge or cause to be paid, performed and discharged all of its obligations and liabilities, including all Charges upon its income and properties and all lawful claims for labor, materials, supplies and services, promptly when due.

 (ii) Each Originator and each other member of the Parent Group may in good faith contest, by appropriate proceedings, the
validity or amount of any Charges or claims described in Section 4.02(k)(i); provided that (A) adequate reserves with respect to such contest are maintained on the books of such Originator or such member, as applicable, in
accordance with GAAP, (B) such contest is maintained and prosecuted continuously and with diligence, (C) none of the Transferred Receivables may become subject to forfeiture or loss as a result of such contest, (D) no Lien may be
imposed to secure payment of such Charges or claims other than inchoate tax liens and (E) the Administrative Agent has advised such Originator in writing that it reasonably believes that nonpayment or nondischarge thereof could not reasonably
be expected to have or result in a Material Adverse Effect. 
 (l) Deposit of Collections. Each Originator shall (and shall cause each
of its Affiliates to) (i) instruct all Obligors to remit all payments with respect to any Transferred Receivables directly into the Concentration Account, and (ii) deposit or cause to be deposited promptly into the Concentration Account,
and in any event no later than the first Business Day after receipt thereof, all Collections it may receive in respect of Transferred Receivables (and until so deposited, all such Collections shall be held in trust for the benefit of Buyer and its
assigns (including the Administrative Agent and the Secured Parties)). No Originator shall make or permit to be made deposits into a Lockbox or the Concentration Account other than in accordance with this Agreement and the other Related Documents.
Without limiting the generality of the foregoing, each Originator shall ensure that no Collections or other proceeds with respect to a Receivable reconveyed to it pursuant to Section 4.04 hereof are paid or deposited into any Lockbox or
the Concentration Account. 
 (m) Accounting Changes. If any Accounting Changes occur and such changes result in a change in the
standards or terms used herein, then the parties hereto agree to enter into good faith negotiations in order to amend such provisions so as to equitably reflect such Accounting Changes with the desired result that the criteria for evaluating the
financial condition of such Persons and their Subsidiaries shall be the same after such Accounting Changes as if such Accounting Changes had not been made. If the parties hereto agree upon the required amendments to this Agreement, then after
appropriate amendments have been executed and the underlying Accounting Change with respect thereto has been implemented, any reference to GAAP contained herein shall, only to the extent of such Accounting Change, refer to GAAP consistently applied
after giving effect to the implementation of such Accounting Change. If such parties cannot agree upon the required amendments within 30 days following the date of implementation of any Accounting Change, then all financial statements delivered and
all standards and terms used herein shall be prepared, delivered and used without regard to the underlying Accounting Change. 
 (n)
Originators to Maintain Perfection and Priority. In order to evidence the interests of Buyer under this Agreement, each Originator shall, from time to time take such action, or execute and deliver such instruments (other than filing financing
statements) as may be necessary or advisable (including, such actions as are requested by Buyer) to maintain and perfect, as a first-priority 

  

 19 

 
interest, Buyer’s ownership and security interest in the Transferred Receivables and all other assets sold to Buyer pursuant hereto. Each Originator
shall, from time to time and within the time limits established by law, prepare and present to Buyer for Buyer’s authorization and approval all financing statements, amendments, continuations or initial financing statements in lieu of a
continuation statement in the, or other filings necessary to continue, maintain and perfect Buyer’s ownership and security interest in the Transferred Receivables and all other assets sold to Buyer pursuant hereto as a first-priority interest.
Buyer’s approval of such filings shall authorize the Originators to file such financing statements under the UCC without the signature of Buyer where allowed by applicable law. Notwithstanding anything else in the Related Documents to the
contrary, neither the Servicer nor any Originator shall have any authority to file a termination, partial termination, release, partial release or any amendment that deletes the name of a debtor or excludes collateral as specified on any such
financing statements, without the prior written consent of Buyer. Each Originator agrees to maintain perfection and priority of the security interest in the Transferred Receivables in accordance with Section 6.13. 
 Section 4.03. Negative Covenants of the Originators. Each Originator covenants and agrees that, without the prior written consent of Buyer,
from and after the Closing Date and until the Termination Date: 
 (a) Sale of Receivables and Related Assets. No Originator shall
sell, transfer, convey, assign (by operation of law or otherwise) or otherwise dispose of, or assign any right to receive income in respect of, any of its Receivables (other than Excluded Receivables) or Contracts therefor, or any of its rights with
respect to any Lockbox or the Concentration Account, except for the sales, transfers, conveyances, assignments or dispositions expressly contemplated hereunder. 
 (b) Liens. No Originator shall create, incur, assume or permit to exist any Adverse Claim on or with respect to its Receivables (other than Excluded Receivables) (whether now owned or hereafter acquired) except
for Permitted Encumbrances that do not attach to Transferred Receivables. Neither the Parent nor any of its domestic Subsidiaries shall create, incur, assume or permit to exist any Lien upon any of its property or receivables whether now owned or
hereafter acquired, [except for (i) Liens permitted pursuant to Section 6.7 of the Credit Agreement and (ii) Liens created pursuant to the Credit Agreement or any credit facility effecting a refinancing of the Debt incurred pursuant
to the Credit Agreement; provided that any such credit facility expressly excludes all Transferred Receivables from any such Lien and the terms and conditions of any such credit facility are not otherwise inconsistent with the terms and
conditions of this Agreement or any other Related Document (but in any event which terms and conditions are consistent with the provisions of the Credit Agreement relating to the transactions contemplated by this Agreement and the other Related
Documents) 
 (c) Modifications of Receivables or Contracts. No Originator shall extend, amend, forgive, discharge, compromise, cancel
or otherwise modify the terms of any Transferred Receivable, or amend, modify or waive any term or condition of any Contract therefor. 
  

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 (d) Sale Characterization. No Originator shall (and each Originator shall cause each other member
of the Parent Group not to) make statements or disclosures or prepare any financial statements for any purpose, including for federal income tax, reporting or accounting purposes, that shall account for the transactions contemplated by this
Agreement in any manner other than with respect to the Sale of each Sold Receivable originated or acquired by it, as a true sale or absolute assignment of its full right, title and ownership interest in such Transferred Receivable to Buyer and with
respect to the Transfer of each Contributed Receivable originated or acquired by it, as a contribution to the capital of Buyer. 
 (e)
Capital Structure and Business. Except as permitted in Section 4.02(g), Originator shall not (and shall not suffer or permit any of its Subsidiaries to): 
 (i) make any changes in any of its business objectives, purposes or operations that could reasonably be expected to have or result in a
Material Adverse Effect, 
 (ii) make any material change in its capital structure as described on Schedule 4.01(h)
(including the issuance or recapitalization of any shares of Stock or other securities convertible into Stock or any revision of the terms of its outstanding Stock), except that changes in Originator’s capital structure shall be permitted so
long as such changes, individually and in the aggregate, do not constitute a Change of Control; 
 (iii) amend its certificate
or articles of incorporation, charter, bylaws, or other organizational documents in any manner which may adversely affect the Secured Parties; or 
 (iv) engage in any business other than manufacturing, operational, logistics, distribution and related services in the computer and technology industry or other than the businesses engaged in by it on the Effective
Date and those incidental thereto. 
 (f) Actions Affecting Rights. No Originator shall (i) take any action, or fail to take any
action, if such action or failure to take action may interfere with the enforcement of any rights hereunder or under the other Related Documents, including rights with respect to the Transferred Receivables; or (ii) fail to pay any Charge, fee
or other obligation of such Originator with respect to the Transferred Receivables, or fail to defend any action, if such failure to pay or defend may adversely affect the priority or enforceability of the perfected title of Buyer to and the sole
record and beneficial ownership interest of Buyer in the Transferred Receivables or, prior to their Transfer hereunder, such Originator’s right, title or interest therein. 
 (g) ERISA. No Originator shall, or shall cause or permit any ERISA Affiliate to, cause or permit to occur an event that could reasonably be
expected to result in the imposition of a Lien under Section 412 of the IRC or Section 303(k) or 4068 of ERISA or cause or permit to occur an ERISA Event. 
 (h) Change to Credit and Collection Policies. No Originator shall fail to comply in any material respect with, and no change, amendment, modification or waiver shall be made to, the Credit and Collection
Policies without the prior written consent of Buyer. 
  

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 (i) Adverse Tax Consequences. No Originator shall take or permit to be taken any action (other
than with respect to actions taken or to be taken solely by a Governmental Authority), or fail or neglect to perform, keep or observe any of its obligations hereunder or under the other Related Documents, that would have the effect directly or
indirectly of subjecting any payment to Buyer, or to any assignee who is a resident of the United States of America, to withholding taxation. 
 (j) No Proceedings. From and after the Effective Date and until the date one year plus one day following the Termination Date, no Originator shall, directly or indirectly, institute or cause to be instituted against Buyer any
proceeding of the type referred to in Sections 8.01(d) and 8.01(e) of the Funding Agreement. 
 (k) Mergers, Acquisitions, Sales, etc.
Other than as permitted pursuant to Section 6.1 of the Credit Agreement, neither the Parent nor any of its domestic Subsidiaries shall (i) be a party to any merger or consolidation, or directly or indirectly purchase or otherwise acquire
all or substantially all of the assets or any stock of any class of, or any partnership or joint venture interest in, any other Person, or otherwise create or acquire a Subsidiary, or (ii) directly or indirectly sell, transfer, assign, convey
or lease whether in one or a series of transactions, all or substantially all of its assets other than pursuant hereto, or permit any Subsidiary to do any of the foregoing, except for any such merger or consolidation, sale, transfer, conveyance,
lease or assignment of or by any majority-owned Subsidiary into such Person or into, with or to any other majority-owned Subsidiary and any such purchase or other acquisition by such Person or any majority-owned Subsidiary of the assets or stock of
any majority-owned Subsidiary. In connection with any merger or consolidation that is permitted pursuant to Section 6.1 of the Credit Agreement, each Originator will (i) provide written notice thereof to Buyer, and (ii) take all such
actions and deliver, or cause to be delivered, such opinion letters of counsel, certificates and other agreements that Buyer or the Administrative Agent deems reasonably necessary or desirable under the UCC to maintain the perfection and priority of
Buyer’s ownership interest in the Transferred Receivables. 
 (l) Modification to the Credit Agreement. The Parent
covenants and agrees to provide the Administrative Agent copies of each material amendment, modification or waiver to any provision of the Credit Agreement promptly after the execution thereof. If any such amendment amends the financial tests set
forth in Annex Z hereto or increases the thresholds for events of the type described in Section 8.01(b) or (f), then the Transaction Parties hereby agree to amend this Agreement to conform to such amendments at the request
of the Administrative Agent. 
 (m) Commingling. No Originator shall (and each Originator shall cause each other member of the Parent
Group not to) deposit or permit the deposit of any funds that do not constitute Collections of Transferred Receivables into any Lockbox or the Concentration Account; provided that after the Facility Termination Date, so long as any
Transferred Receivables of an Obligor remain unpaid, no Originator shall instruct such Obligor to remit Collections of any Transferred Receivables to any Person or account other than to a Lockbox or the Concentration Account. If any funds not
constituting collections of Transferred Receivables are nonetheless deposited into a Lockbox or the Concentration Account and such Originator so notifies Buyer, Buyer shall notify the Servicer to promptly remit any such amounts to the applicable
Originator. 
  

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 Section 4.04. Breach of Representations, Warranties or Covenants. Upon discovery by any
Originator or Buyer of any breach of representation, warranty or covenant described in Sections 4.01(g), 4.01(l), 4.01(v), 4.01(w), 4.01(x), 4.02(l), 4.03(a), 4.03(b), 4.03(c),
4.03(d) and 4.03(m) with respect to any Transferred Receivable, the party discovering the same shall give prompt written notice thereof to the Administrative Agent and the other parties hereto. The Originator that breached such
representation, warranty or covenant shall, if requested by notice from Buyer or the Administrative Agent, on the first Business Day following receipt of such notice, either (a) repurchase the affected Transferred Receivable from Buyer for cash
remitted to the Concentration Account, (b) transfer ownership of a new Eligible Receivable or new Eligible Receivables to Buyer on such Business Day, or (c) in the case of the Parent, make a capital contribution in cash to Buyer by
remitting the amount of such capital contribution to the Concentration Account, in each case, in an amount, or having a Billed Amount (the “Rejected Amount”) equal to the Outstanding Balance thereof. Each Originator shall ensure
that no Collections or other proceeds with respect to a Transferred Receivable so reconveyed to it are paid or deposited into the Concentration Account. Notwithstanding any other provision herein to the contrary, to the extent an Originator makes a
determination that the most efficient method of collecting a Receivable would be to offset amounts owed by such Originator to such Obligor against amounts owed by such Obligor under such Receivable, such Originator may request Buyer to sell such
Receivable to Originator for a price equal to the Outstanding Balance thereof. Any such sale shall be in Buyer’s sole discretion and shall only be effective once the purchase price has been deposited into the Concentration Account. 

Section 4.05. Supplemental Disclosure. On the request of Buyer (in the event that such information is not otherwise delivered by a
Transaction Party to Buyer pursuant to this Agreement), such Transaction Party will (or may, as it shall elect) supplement (or cause to be supplemented) each Schedule hereto, or representation herein or in any other Related Document with respect to
any matter hereafter arising which, if existing or occurring at the date of this Agreement, would have been required to be set forth or described in such Schedule or as an exception to such representation or which is necessary to correct any
information in such Schedule or representation which has been rendered inaccurate thereby; provided that such supplement to any such Schedule or representation shall not be deemed an amendment thereof except if and to the extent that the
information disclosed in such supplement updates (A) Schedule 4.01(b), (B) Schedule 4.01(j), (C) Schedule 4.01(m) to include any new Plans maintained or contributed to in accordance with this Agreement, but
includes no additional exceptions or other changes to said schedule or (D) Schedule 4.01(t) to include any accounts. 
 ARTICLE
V 
 INDEMNIFICATION 
 Section 5.01. Indemnities by the Originators. Without limiting any other rights that Buyer or any of its Stockholders, any of its assignees (including the Secured Parties and the Administrative Agent), or any of their respective
officers, directors, employees, attorneys, agents or representatives and transferees, successors and assigns (each, a “Buyer Indemnified Person”) may have hereunder or under applicable law, each Originator hereby agrees to indemnify
and hold harmless each Buyer Indemnified Person from and 

  

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against any and all Indemnified Amounts that may be claimed or asserted against or incurred by any such Buyer Indemnified Person in connection with or
arising out of the transactions contemplated under this Agreement or under any other Related Document and any actions or failures to act in connection therewith, including any and all associated reasonable legal costs and expenses, or in respect of
any Transferred Receivable or any Contract therefor or the use by such Originator of the Sale Price therefor; provided that no Originator shall be liable for any indemnification to a Buyer Indemnified Person to the extent that any such
Indemnified Amounts (a) result from such Buyer Indemnified Person’s gross negligence or willful misconduct, as finally determined by a court of competent jurisdiction, or (b) constitute recourse for uncollectible or uncollected
Transferred Receivables due to the failure (without cause or justification) or inability on the part of the related Obligor to perform its obligations thereunder or the occurrence of any event of bankruptcy with respect to such Obligor. Subject to
clauses (a) and (b) of the proviso in the immediately preceding sentence, but otherwise without limiting the generality of the foregoing, each Originator shall pay on demand to each Buyer Indemnified Person any and all
Indemnified Amounts relating to or resulting from: 
 (i) reliance on any representation or warranty made or deemed made by
such Originator (or any of its officers) under or in connection with this Agreement or any other Related Document (without regard to any qualifications concerning the occurrence or non-occurrence of a Material Adverse Effect or similar concepts of
materiality) or on any other information delivered by such Originator pursuant hereto or thereto that shall have been incorrect when made or deemed made or delivered; 
 (ii) the failure by such Originator to comply with any term, provision or covenant contained in this Agreement, any other Related Document
or any agreement executed in connection herewith or therewith (without regard to any qualifications concerning the occurrence or non-occurrence of a Material Adverse Effect or similar concepts of materiality), any applicable law, rule or regulation
with respect to any Transferred Receivable or the Contract therefor, or the nonconformity of any Transferred Receivable or the Contract therefor with any such applicable law, rule or regulation; 
 (iii) the failure to vest and maintain vested in Buyer, or to Transfer to Buyer, valid and properly perfected title to and sole record and
beneficial ownership of the Receivables that constitute Transferred Receivables, together with all Collections in respect thereof, free and clear of any Adverse Claim; 
 (iv) any dispute, claim, offset or defense of any Obligor (other than its discharge in bankruptcy) to the payment of any Receivable that
is the subject of a Transfer hereunder (including (x) a defense based on such Receivable or the Contract therefor not being a legal, valid and binding obligation of such Obligor enforceable against it in accordance with its terms (other than as
a result of a discharge in bankruptcy), or any other claim resulting from the sale of the merchandise or services giving rise to such Receivable or the furnishing or failure to furnish such merchandise or services or relating to collection
activities with respect to such Receivable (if such collection activities were performed by any Originator or any Affiliate thereof acting as the Servicer or a Sub-Servicer) and (y) resulting from or in connection with any Dilution Factors);

  

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 (v) any products liability claim or other claim arising out of or in connection with
merchandise, insurance or services that is the subject of any Contract; 
 (vi) the commingling of Collections with respect to
Transferred Receivables by any Originator at any time with its other funds or the funds of any other Person; 
 (vii) any
failure by such Originator to cause the filing of, or any delay in filing, financing statements or other similar instruments or documents under the UCC of any applicable jurisdiction or any other applicable laws with respect to any Transferred
Receivable that is the subject of a Transfer hereunder to the extent that such filing is necessary to maintain the perfection and priority of Buyer in such Receivable, whether at the time of any such Transfer or at any subsequent time; 

(viii) any investigation, Litigation or proceeding related to this Agreement or the use of the Sale Price obtained in connection with
any Sale or the ownership of Transferred Receivables or Collections with respect thereto or in respect of any Transferred Receivable or Contract therefor; 
 (ix) any claim brought by any Person other than a Buyer Indemnified Person arising from any activity by such Originator or any of its Affiliates in servicing, administering or collecting any Transferred Receivables;

 (x) any failure of (w) a Lockbox Bank to comply with the terms of the applicable Lockbox Agreement, (x) the
Collection Account Bank to comply with the terms of the Collection Account Agreement, (y) the Concentration Account Bank to comply with the terms of the Concentration Account Agreement or (z) the Borrower Account Bank to comply with the
terms of the Borrower Account Agreement; and 
 (xi) any withholding, deduction or Charge imposed upon any payments with
respect to any Transferred Receivable, any Borrower Assigned Agreement or any other Borrower Collateral. 
 Section 5.02. Indemnities
by the Servicer. 
 (a) Without limiting any other rights that a Buyer Indemnified Person may have hereunder or under applicable law, the
Servicer hereby agrees to indemnify and hold harmless each Buyer Indemnified Person from and against any and all Indemnified Amounts that may be claimed or asserted against or incurred by any such Buyer Indemnified Person in connection with or
arising out of the collection activities of the Servicer hereunder or out of any breach by the Servicer of its obligations hereunder or under any other Related Document; provided that the Servicer shall not be liable for any indemnification
to a Buyer Indemnified Person to the extent that any such Indemnified Amount (x) results from such Buyer Indemnified Person’s gross negligence or willful misconduct, in each case as finally determined by a court of competent jurisdiction,
or (y) constitutes recourse for uncollectible or uncollected Transferred 

  

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Receivables as a result of the insolvency, bankruptcy or the failure (without cause or justification) or inability on the part of the related Obligor to
perform its obligations thereunder. Without limiting the generality of the foregoing, the Servicer shall pay on demand to each Buyer Indemnified Person any and all Indemnified Amounts relating to or resulting from: 
 (i) reliance on any representation or warranty made or deemed made by the Servicer (or any of its officers) under or in connection with
this Agreement or any other Related Document (without regard to any qualifications concerning the occurrence or non-occurrence of a Material Adverse Effect or similar concepts of materiality) or on any other information delivered by the Servicer
pursuant hereto or thereto that shall have been incorrect when made or deemed made or delivered; 
 (ii) the failure by the
Servicer to comply with any term, provision or covenant contained in this Agreement, any other Related Document or any agreement executed in connection herewith or therewith (without regard to any qualifications concerning the occurrence or
non-occurrence of a Material Adverse Effect or similar concepts of materiality), any applicable law, rule or regulation with respect to any Transferred Receivable or the Contract therefor, or the nonconformity of any Transferred Receivable or the
Contract therefor with any such applicable law, rule or regulation; 
 (iii) the imposition of any Adverse Claim with respect
to any Transferred Receivable or the Borrower Collateral as a result of any action taken by the Servicer; or 
 (iv) the
commingling of Collections with respect to Transferred Receivables by the Servicer at any time with its other funds or the funds of any other Person. 
 (b) Any Indemnified Amounts subject to the indemnification provisions of this Section 5.02 shall be paid by the Servicer to the Buyer Indemnified Person entitled thereto within five Business Days following
demand therefor. 
 ARTICLE VI 
 MISCELLANEOUS 
 Section 6.01. Notices. Except as otherwise provided herein, whenever it is provided herein that
any notice, demand, request, consent, approval, declaration or other communication shall or may be given to or served upon any of the parties by any other parties, or whenever any of the parties desires to give or serve upon any other parties any
communication with respect to this Agreement, each such notice, demand, request, consent, approval, declaration or other communication shall be in writing and shall be deemed to have been validly served, given or delivered (a) upon the earlier
of actual receipt and three Business Days after deposit in the United States Mail, registered or certified mail, return receipt requested, with proper postage prepaid, (b) upon transmission, when sent by email of the signed notice in PDF form
or facsimile transmission (with such email or facsimile promptly confirmed by delivery of a copy by personal delivery or United States Mail as otherwise provided in this Section 6.01), (c) one Business Day after deposit with a
reputable overnight courier with all charges prepaid or (d) when delivered, if hand-delivered by messenger, all of which shall be addressed to the party to be notified and sent to the address or facsimile number set forth in Schedule
6.01 attached hereto or to such other address (or facsimile number) as may be substituted by notice given as herein provided. Without limiting the generality of the 

  

 26 

 
foregoing, all notices to be provided to Buyer hereunder shall be delivered to both Buyer and the Administrative Agent under the Funding Agreement, and shall
be effective only upon such delivery to the Administrative Agent in accordance with the terms of the Funding Agreement. The giving of any notice required hereunder may be waived in writing by the party entitled to receive such notice. Failure or
delay in delivering copies of any notice, demand, request, consent, approval, declaration or other communication to any Person (other than Buyer) designated in any written communication provided hereunder to receive copies shall in no way adversely
affect the effectiveness of such notice, demand, request, consent, approval, declaration or other communication. Notwithstanding the foregoing, whenever it is provided herein that a notice is to be given to any other party hereto by a specific time,
such notice shall only be effective if actually received by such party prior to such time, and if such notice is received after such time or on a day other than a Business Day, such notice shall only be effective on the immediately succeeding
Business Day. 
 Section 6.02. No Waiver; Remedies. Buyer’s failure, at any time or times, to require strict performance by
the Originators of any provision of this Agreement or any Receivables Assignment shall not waive, affect or diminish any right of Buyer thereafter to demand strict compliance and performance herewith or therewith. Any suspension or waiver of any
breach or default hereunder shall not suspend, waive or affect any other breach or default whether the same is prior or subsequent thereto and whether the same or of a different type. None of the undertakings, agreements, warranties, covenants and
representations of any Originator contained in this Agreement or any Receivables Assignment, and no breach or default by any Originator hereunder or thereunder, shall be deemed to have been suspended or waived by Buyer unless such waiver or
suspension is by an instrument in writing signed by an officer of or other duly authorized signatory of Buyer and directed to such Originator specifying such suspension or waiver. Buyer shall not waive any of the provisions set forth in
Section 4.01(x) or Section 4.02(n) if such waiver would adversely affect the Ratings. Buyer’s rights and remedies under this Agreement shall be cumulative and nonexclusive of any other rights and remedies that Buyer may
have under any other agreement, including the other Related Documents, by operation of law or otherwise. Recourse to the Transferred Receivables shall not be required. 
 Section 6.03. Successors and Assigns. This Agreement shall be binding upon and shall inure to the benefit of each Originator, Servicer and Buyer and their respective successors and permitted assigns,
except as otherwise provided herein. No Originator nor the Servicer may assign, transfer, hypothecate or otherwise convey its rights, benefits, obligations or duties hereunder without the prior express written consent of Buyer. Any such purported
assignment, transfer, hypothecation or other conveyance by any Originator or the Servicer without the prior express written consent of Buyer shall be void. Each Originator and the Servicer acknowledges that Buyer may collaterally assign (and has
collaterally assigned) all of its rights granted hereunder to the Administrative Agent (for the benefit of the Secured Parties) under the Funding Agreement, including the benefit of any indemnities under Article V, and the Administrative
Agent shall have all rights of Buyer hereunder and, to the extent permitted under the Funding Agreement, may in turn assign such rights. Each Originator and the Servicer acknowledges and agrees that until the Termination Date under the Funding
Agreement, (i) no consent or approval by Buyer hereunder nor any delivery of a Servicer Termination Notice hereunder shall be effective without the written consent and approval of the Administrative Agent, (ii) each determination specified
to be made by Buyer 

  

 27 

 
hereunder may be made by the Administrative Agent, and (iii) the Administrative Agent may enforce directly, without joinder of Buyer, all of
Buyer’s rights set forth in this Agreement, including, without limitation, Sections 4.02(b), 4.02(c), 4.04, 6.13, 7.03(f), 7.03(h), 7.03(i), 7.03(j), 7.03(k), 8.01 and
9.02. All such assignees, including parties to the Funding Agreement in the case of any assignment to such parties, shall be third party beneficiaries of, and shall be entitled to enforce Buyer’s rights and remedies under, this Agreement
to the same extent as Buyer or any of its designated representatives may do. The terms and provisions of this Agreement are for the purpose of defining the relative rights and obligations of each Originator, the Servicer and Buyer with respect to
the transactions contemplated hereby and, except for the Secured Parties and the Administrative Agent, no Person shall be a third party beneficiary of any of the terms and provisions of this Agreement. 
 Section 6.04. Termination; Survival of Obligations. 
 (a) This Agreement shall create and constitute the continuing obligations of the parties hereto in accordance with its terms, and shall remain in full force and effect until the Termination Date. 
 (b) Except as otherwise expressly provided herein or in any other Related Document, no termination or cancellation (regardless of cause or procedure) of
any commitment made by Buyer under this Agreement shall in any way affect or impair the obligations, duties and liabilities of any Originator or the rights of Buyer relating to any unpaid portion of any and all recourse and indemnity obligations of
such Originator to Buyer, including those set forth in Sections 4.04, 5.01, 6.12, 6.14 and 6.15, whether due or not due, liquidated, contingent or unliquidated or any transaction or event occurring prior to such
termination, or any transaction or event, the performance of which is required after the Facility Termination Date. Except as otherwise expressly provided herein or in any other Related Document, all undertakings, agreements, covenants, warranties
and representations of or binding upon each Originator, and all rights of Buyer hereunder, all as contained in the Related Documents, shall not terminate or expire, but rather shall survive any such termination or cancellation and shall continue in
full force and effect until the Termination Date; provided that the rights and remedies set forth in Section 4.04, the indemnification and payment provisions of Article V, and the provisions of Sections 4.03(j),
6.03, 6.12 and 6.14 shall be continuing and shall survive any termination of this Agreement. 
 Section 6.05.
Complete Agreement; Modification of Agreement. This Agreement and the other Related Documents constitute the complete agreement between the parties with respect to the subject matter hereof and thereof, supersede all prior agreements and
understandings relating to the subject matter hereof and thereof, and may not be modified, altered or amended except as set forth in Section 6.06. 
 Section 6.06. Amendments and Waivers. No amendment, modification, termination or waiver of any provision of this Agreement or any of the other Related Documents, or any consent to any departure by any
Originator therefrom, shall in any event be effective unless the same shall be in writing and signed by each of the parties hereto; provided that prior to the Termination Date, no amendment, modification, termination or waiver of any
provision of this Agreement or any of the other Related Documents, or any consent to any departure by any Originator therefrom, shall in any event be effective unless the same shall be in writing and signed by the Administrative Agent. No consent or
demand in any case shall, in itself, entitle any party to any other consent or further notice or demand in similar or other circumstances. 
  

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 Section 6.07. Governing Law; Consent to Jurisdiction; Waiver of Jury Trial. 
 (a) THIS AGREEMENT AND EACH RELATED DOCUMENT (EXCEPT TO THE EXTENT THAT ANY RELATED DOCUMENT EXPRESSLY PROVIDES TO THE CONTRARY) AND THE
OBLIGATIONS ARISING HEREUNDER AND THEREUNDER SHALL IN ALL RESPECTS, INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY AND PERFORMANCE, BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK (INCLUDING SECTIONS
5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW BUT OTHERWISE WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES), EXCEPT TO THE EXTENT THAT THE PERFECTION, EFFECT OF PERFECTION OR PRIORITY OF THE INTERESTS OF BUYER IN THE RECEIVABLES OR
REMEDIES HEREUNDER OR THEREUNDER, IN RESPECT THEREOF, ARE GOVERNED BY THE LAWS OF A JURISDICTION OTHER THAN THE STATE OF NEW YORK, AND ANY APPLICABLE LAWS OF THE UNITED STATES OF AMERICA. 
 (b) EACH PARTY HERETO HEREBY CONSENTS AND AGREES THAT THE STATE OR FEDERAL COURTS LOCATED IN THE BOROUGH OF MANHATTAN IN NEW YORK CITY SHALL
HAVE EXCLUSIVE JURISDICTION TO HEAR AND DETERMINE ANY CLAIMS OR DISPUTES BETWEEN THEM PERTAINING TO THIS AGREEMENT OR TO ANY MATTER ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY RELATED DOCUMENT; PROVIDED THAT EACH PARTY
HERETO ACKNOWLEDGES THAT ANY APPEALS FROM THOSE COURTS MAY HAVE TO BE HEARD BY A COURT LOCATED OUTSIDE OF THE BOROUGH OF MANHATTAN IN NEW YORK CITY; PROVIDED FURTHER THAT NOTHING IN THIS AGREEMENT SHALL BE DEEMED OR OPERATE TO
PRECLUDE BUYER FROM BRINGING SUIT OR TAKING OTHER LEGAL ACTION IN ANY OTHER JURISDICTION TO REALIZE ON THE RECEIVABLES OR ANY OTHER SECURITY FOR THE OBLIGATIONS OF THE ORIGINATORS ARISING HEREUNDER, OR TO ENFORCE A JUDGMENT OR OTHER COURT ORDER IN
FAVOR OF BUYER. EACH PARTY HERETO SUBMITS AND CONSENTS IN ADVANCE TO SUCH JURISDICTION IN ANY ACTION OR SUIT COMMENCED IN ANY SUCH COURT, AND EACH PARTY HERETO HEREBY WAIVES ANY OBJECTION THAT SUCH PARTY MAY HAVE BASED UPON LACK OF PERSONAL
JURISDICTION, IMPROPER VENUE OR FORUM NON CONVENIENS AND HEREBY CONSENTS TO THE GRANTING OF SUCH LEGAL OR EQUITABLE RELIEF AS IS DEEMED APPROPRIATE BY SUCH COURT. EACH PARTY HERETO HEREBY WAIVES PERSONAL SERVICE OF THE SUMMONS,
COMPLAINT AND OTHER PROCESS ISSUED IN ANY SUCH ACTION OR SUIT AND AGREES THAT SERVICE OF SUCH SUMMONS, COMPLAINT AND OTHER PROCESS MAY BE MADE BY REGISTERED OR CERTIFIED MAIL ADDRESSED TO SUCH PARTY AT THE ADDRESS SET FORTH IN SECTION 6.01
HEREOF AND THAT SERVICE SO MADE SHALL BE DEEMED COMPLETED UPON THE EARLIER 

  

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OF SUCH PARTY’S ACTUAL RECEIPT THEREOF OR THREE DAYS AFTER DEPOSIT IN THE UNITED STATES MAIL, PROPER POSTAGE PREPAID. NOTHING IN THIS SECTION SHALL
AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE LEGAL PROCESS IN ANY OTHER MANNER PERMITTED BY LAW. 
 (c) BECAUSE DISPUTES
ARISING IN CONNECTION WITH COMPLEX FINANCIAL TRANSACTIONS ARE MOST QUICKLY AND ECONOMICALLY RESOLVED BY AN EXPERIENCED AND EXPERT PERSON AND THE PARTIES WISH APPLICABLE STATE AND FEDERAL LAWS TO APPLY (RATHER THAN ARBITRATION RULES), THE PARTIES
DESIRE THAT THEIR DISPUTES BE RESOLVED BY A JUDGE APPLYING SUCH APPLICABLE LAWS. THEREFORE, TO ACHIEVE THE BEST COMBINATION OF THE BENEFITS OF THE JUDICIAL SYSTEM AND OF ARBITRATION, THE PARTIES HERETO WAIVE ALL RIGHT TO TRIAL BY JURY IN ANY ACTION,
SUIT, OR PROCEEDING BROUGHT TO RESOLVE ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE, ARISING OUT OF, CONNECTED WITH, RELATED TO, OR INCIDENTAL TO THE RELATIONSHIP ESTABLISHED AMONG THEM IN CONNECTION WITH THIS AGREEMENT OR ANY
RELATED DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. 
 Section 6.08. Counterparts. This Agreement may be
executed in any number of separate counterparts, each of which shall collectively and separately constitute one agreement. 
 Section 6.09. Severability. Wherever possible, each provision of this Agreement shall be interpreted in such a manner as to be effective and valid under applicable law, but if any provision of this Agreement shall be prohibited
by or invalid under applicable law, such provision shall be ineffective only to the extent of such prohibition or invalidity without invalidating the remainder of such provision or the remaining provisions of this Agreement. 
 Section 6.10. Section Titles. The section titles and table of contents contained in this Agreement are provided for ease of reference only
and shall be without substantive meaning or content of any kind whatsoever and are not a part of the agreement between the parties hereto. 
 Section 6.11. No Setoff. Each Originator’s obligations under this Agreement shall not be affected by any right of setoff, counterclaim, recoupment, defense or other right such Originator might have against Buyer, all of
which rights are hereby expressly waived by such Originator. 
 Section 6.12. Confidentiality. 
 (a) Except to the extent otherwise required by applicable law, as required to be filed publicly with the Securities and Exchange Commission, or unless
each Affected Party shall otherwise consent in writing, each Originator, the Servicer and Buyer agree to maintain the confidentiality of this Agreement (and all drafts hereof and documents ancillary hereto) in its communications with third parties
other than any Affected Party or any Buyer Indemnified Person and otherwise not to disclose, deliver or otherwise make available to any third party (other than its directors, officers, employees, accountants or counsel) the original or any copy of
all or any part of this Agreement (or any draft hereof and documents ancillary hereto) except to an Affected Party or a Buyer Indemnified Person. 
  

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 (b) Each Originator and the Servicer agrees that it shall not (and shall not permit any of its Affiliates
to) issue any news release or make any public announcement pertaining to the transactions contemplated by this Agreement and the Related Documents without the prior written consent of Buyer (which consent shall not be unreasonably withheld) unless
such news release or public announcement is required by law, in which case such Originator or the Servicer shall consult with Buyer prior to the issuance of such news release or public announcement. Any Originator or the Servicer may, however,
disclose the general terms of the transactions contemplated by this Agreement and the Related Documents to trade creditors, suppliers and other similarly-situated Persons so long as such disclosure is not in the form of a news release or public
announcement. 
 (c) Except to the extent otherwise required by applicable law, or in connection with any judicial or administrative
proceedings, as required to be filed publicly with the Securities Exchange Commission, or unless the Originators and the Servicer otherwise consent in writing, Buyer agrees (i) to maintain the confidentiality of (A) this Agreement (and all
drafts hereof and documents ancillary hereto) and (B) all other confidential proprietary information with respect to the Originators, the Servicer and their respective Affiliates and each of their respective businesses obtained by Buyer in
connection with the structuring, negotiation and execution of the transactions contemplated herein and in the other documents ancillary hereto, in each case, in its communications with third parties other than any Originator or the Servicer, and
(ii) not to disclose, deliver, or otherwise make available to any third party (other than its directors, officers, employees, accountants or counsel) the original or any copy of all or any part of this Agreement (or any draft hereof and
documents ancillary hereto) except to any Originator. Notwithstanding the foregoing, Buyer shall be permitted to disclose copies of this Agreement and the confidential proprietary information described above to (1) each Affected Party and each
Affected Party’s and their respective Affiliates’ directors, officers, employees and agents, including accountants, legal counsel and other advisors (it being understood that the Persons to whom such disclosure is made will be informed of
the confidential nature of such Information and instructed to keep such Information confidential and to not disclose or use such Information in violation of Regulation FD (17 C.F.R. § 243.100-243.103)); (2) any regulatory authority,
(3) to the extent required by applicable laws or regulations or by any subpoena or similar legal process, (4) any other party to the Funding Agreement, (5) to the extent required in connection with the exercise of any remedies
hereunder or any suit, action or proceeding relating to this Agreement or any other Related Document or the enforcement of rights hereunder or thereunder, (6) subject to an agreement containing provisions substantially the same as those of this
Section, to any assignee or pledgee of (or participant in), or any prospective assignee or pledgee of (or participant in), any of its rights or obligations under this Agreement, (7) with the consent of the applicable Originator or Servicer,
(8) any nationally recognized statistical rating organization rating a Conduit Lender’s Commercial Paper, any dealer or placement agent of or depositary for the Conduit Lender’s Commercial Paper, any Administrator, any Program Support
Provider, any credit/financing provider to any Conduit Lender or any of such Person’s counsel or accountants in relation to this Agreement or any other Related Document if they agree to hold the information confidential or (9) to the
extent such Agreement or other information (i) becomes publicly available other than as a result of a breach of this Section or (ii) becomes available to Buyer or Affected Party on a nonconfidential basis from a source other than the
Parent or any Subsidiary thereof. 
  

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 Section 6.13. Further Assurances. 
 (a) Each Originator shall, at its sole cost and expense, upon request of Buyer, promptly and duly execute and deliver any and all further instruments and
documents and take such further actions that may be necessary or desirable or that Buyer may request to carry out more effectively the provisions and purposes of this Agreement or any other Related Document or to obtain the full benefits of this
Agreement and of the rights and powers herein granted, including (i) using its best efforts to secure all consents and approvals necessary or appropriate for the assignment to or for the benefit of Buyer of any Transferred Receivable held by
such Originator or in which such Originator has any rights not heretofore assigned, and (ii) filing any financing or continuation statements under the UCC with respect to the ownership interests or Liens granted hereunder or under any other
Related Document. Each Originator hereby authorizes Buyer to file any such financing or continuation statements without the signature of such Originator to the extent permitted by applicable law. A carbon, photographic or other reproduction of this
Agreement or of any notice or financing statement covering the Transferred Receivables or any part thereof shall be sufficient as a notice or financing statement where permitted by law. If any amount payable under or in connection with any of the
Transferred Receivables is or shall become evidenced by any instrument, such instrument, other than checks and notes received in the ordinary course of business, shall be duly endorsed in a manner satisfactory to Buyer immediately upon such
Originator’s receipt thereof and promptly delivered to Buyer. 
 (b) If any Originator fails to perform any agreement or obligation
under this Section 6.13, Buyer may (but shall not be required to) itself perform, or cause performance of, such agreement or obligation, and the reasonable expenses of Buyer incurred in connection therewith shall be payable by such
Originator upon demand of Buyer. 
 Section 6.14. Fees and Expenses. In addition to its indemnification obligations pursuant to
Article V, each Originator agrees, jointly and severally, to pay on demand all Rating Agency fees and all costs and expenses incurred by Buyer in connection with the negotiation, preparation, execution and delivery of this Agreement and the
other Related Documents, including the reasonable fees and out-of-pocket expenses incurred by Buyer, (including any such amounts owed by Buyer in connection with its financing of the Transfers hereunder), for counsel, advisors, consultants and
auditors retained in connection with the transactions contemplated hereby and advice in connection therewith, and each Originator agrees, jointly and severally, to pay all costs and expenses, if any (including reasonable attorneys’ fees and
expenses but excluding any costs of enforcement or collection of the Transferred Receivables), in connection with the enforcement of this Agreement and the other Related Documents. 
 Section 6.15. Nonrecourse Obligations. Notwithstanding any provision in any other Section of this Agreement to the contrary, any obligation
of Buyer to pay any amounts payable to the Originators pursuant to this Agreement shall be without recourse to Buyer except to the extent that funds from Advances or Collections are available to Buyer pursuant to the terms of the Funding Agreement
for such payment (collectively, the “Buyer Available Amounts”). In the event that amounts payable to the Originators pursuant to this 

  

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 Agreement exceed Buyer Available Amounts, the excess of the amounts due hereunder (and subject to this
Section 6.15) over the Buyer Available Amounts paid shall not constitute a “claim” under Section 101(5) of the Bankruptcy Code against Buyer until such time as Buyer has Buyer Available Amounts. 
 ARTICLE VII 
 SERVICER PROVISIONS

 Section 7.01. Appointment of the Servicer. Buyer hereby appoints the Servicer as its agent to service the Transferred
Receivables and, in accordance with the Related Documents, to enforce Buyer’s rights and interests in and under each Transferred Receivable and Contract therefor and to serve in such capacity until the termination of its responsibilities
pursuant to Sections 8.01 or 9.01. In connection therewith, the Servicer hereby accepts such appointment and agrees to perform the duties and obligations set forth herein. The Servicer may, with the prior written consent of Buyer,
subcontract with a Sub-Servicer for the collection, servicing or administration of the Transferred Receivables; provided that (a) the Servicer shall remain liable for the performance of the duties and obligations of such Sub-Servicer
pursuant to the terms hereof, (b) any Sub-Servicing Agreement that may be entered into and any other transactions or services relating to the Transferred Receivables involving a Sub-Servicer shall be deemed to be between the Sub-Servicer and
the Servicer alone, and Buyer shall not be deemed a party thereto and shall have no obligations, duties or liabilities with respect to the Sub-Servicer and (c) each Sub-Servicing Agreement shall expressly provide that it shall automatically
terminate upon the termination of the Servicer’s responsibilities hereunder in accordance with the terms hereof. 
 Section 7.02.
Duties and Responsibilities of the Servicer. 
 (a) Subject to the provisions of this Agreement, the Servicer shall conduct the
servicing, administration and collection of the Transferred Receivables and shall take, or cause to be taken, all actions that (i) may be necessary or advisable to service, administer and collect each Transferred Receivable from time to time,
(ii) the Servicer would take if the Transferred Receivables were owned by the Servicer, and (iii) are consistent with the Credit and Collection Policies and industry practice for the servicing of accounts receivable similar to such
Transferred Receivables. 
 (b) In addition to the foregoing, in order to ensure that Buyer has adequate funding for the purchase of
Receivables hereunder, the Servicer shall be responsible for the following: 
 (i) preparation and delivery on behalf of Buyer
of all Borrowing Requests, Repayment Notices, Borrowing Base Certificates, Monthly Reports, Weekly Reports and Daily Reports required to be delivered under the Funding Agreement; 
 (ii) calculation and monitoring of the Borrowing Base and the components thereof, and determination of whether the Receivables included in
the calculation of the Net Receivables Balance are in fact Eligible Receivables; and 
 (iii) establishment, maintenance and
administration of the Lockboxes, the Concentration Account and the Borrower Account in accordance with Article VI of the Funding Agreement. 
  

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 Section 7.03. Collections on Receivables. 
 (a) In the event that the Servicer is unable to determine the specific Transferred Receivables on which Collections have been received from the Obligor
thereunder, the parties agree that such Collections shall be deemed to have been received on such Receivables in the order in which they were originated with respect to such Obligor. In the event that the Servicer is unable to determine the specific
Transferred Receivables on which discounts, offsets or other non-cash reductions have been granted or made with respect to the Obligor thereunder, the parties agree for purposes of this Agreement only that such reductions shall be deemed to have
been granted or made (i) prior to a Termination Event, on such Receivables as determined by the Servicer, and (ii) from and after the occurrence of a Termination Event, in the reverse order in which they were originated with respect to
such Obligor. 
 (b) If the Servicer determines that amounts unrelated to the Transferred Receivables (the “Unrelated
Amounts”) have been deposited in any Account, then the Servicer shall provide written evidence thereof to Buyer no later than the first Business Day following the day on which the Servicer had actual knowledge thereof, which evidence shall
be provided in writing and shall be otherwise satisfactory to Buyer. 
 (c) Authorization of the Servicer. Buyer hereby authorizes the
Servicer to take any and all reasonable steps in its name and on its behalf necessary or desirable and not inconsistent with the rights of Buyer hereunder, in the determination of the Servicer, to (a) collect all amounts due under any
Transferred Receivable, including endorsing the applicable name on checks and other instruments representing Collections on such Receivable, and execute and deliver any and all instruments of satisfaction or cancellation or of partial or full
release or discharge and all other comparable instruments with respect to any such Receivable and (b) after any Transferred Receivable becomes a Delinquent Receivable or a Defaulted Receivable and to the extent permitted under and in compliance
with applicable law and regulations, commence proceedings with respect to the enforcement of payment of any such Receivable and the Contract therefor and adjust, settle or compromise any payments due thereunder, in each case to the same extent as
the applicable Originator could have done if it had continued to own such Receivable. Buyer shall furnish the Servicer with any powers of attorney and other documents necessary or appropriate to enable the Servicer to carry out its servicing and
administrative duties hereunder. Notwithstanding anything to the contrary contained herein, Buyer shall have the absolute and unlimited right to direct the Servicer (at the Servicer’s expense) (i) to commence or settle any legal action to
enforce collection of any Transferred Receivable or (ii) to foreclose upon, repossess or take any other action that Buyer deems necessary or advisable with respect thereto. In no event shall the Servicer be entitled to make Buyer or any
Affected Party a party to any Litigation without such Affected Party’s express prior written consent. 
 (d) Servicing Fees. As
compensation for its servicing activities and as reimbursement for its reasonable expenses in connection therewith, the Servicer shall be entitled to receive the Servicing Fees monthly on each Settlement Date. Such Servicing Fees shall be payable
from available funds in accordance with Section 2.07 and 2.08 of the Funding Agreement. The Servicer shall be required to pay for all expenses incurred by it in connection with its activities hereunder (including any payments to accountants,
counsel or any other Person) and shall not be entitled to any payment therefor other than the Servicing Fees. 
  

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 Section 7.04. Covenants of the Servicer. The Servicer covenants and agrees that from and
after the Effective Date and until the Termination Date: 
 (a) Compliance with Agreements and Applicable Laws. The Servicer shall
perform each of its obligations under this Agreement and the other Related Documents. The Servicer shall comply with all federal, state and local laws and regulations applicable to it and the Transferred Receivables, including those relating to
truth in lending, retail installment sales, fair credit billing, fair credit reporting, equal credit opportunity, fair debt collection practices, privacy, licensing, taxation, ERISA and labor matters and environmental laws and environmental permits,
except, in each case, where the failure to so comply could not reasonably be expected to result in a Material Adverse Effect. 
 (b)
Maintenance of Existence and Conduct of Business. The Servicer shall: (i) do or cause to be done all things necessary to preserve and keep in full force and effect its corporate existence and its rights and franchises; (ii) continue
to conduct its business substantially as now conducted or as otherwise permitted hereunder and in accordance with the terms of its certificate or articles of incorporation and by-laws; and (iii) at all times maintain, preserve and protect all
of its assets and properties used or useful in the conduct of its business, including all licenses, permits, charters and registrations, and keep the same in good repair, working order and condition in all material respects (taking into
consideration ordinary wear and tear) and from time to time make, or cause to be made, all necessary or appropriate repairs, replacements and improvements thereto consistent with industry practices, except to the extent that the failure to comply
with this clause (iii) could not reasonably be expected to have a Material Adverse Effect. 
 (c) Deposit of Collections.
The Servicer shall deposit or cause to be deposited promptly into the Concentration Account, and in any event no later than the first Business Day after receipt thereof, all Collections it may receive with respect to any Transferred Receivable.

 (d) ERISA. The Servicer shall give the Administrative Agent prompt written notice of any event that (i) could reasonably be
expected to result in the imposition of a Lien under Section 412 of the IRC or Section 302 or 4068 of ERISA, or (ii) could reasonably be expected to result in the incurrence by Servicer of any liabilities under Title IV of ERISA
(other than premium payments arising in the ordinary course of business). 
 (e) Compliance with Credit and Collection Policies. The
Servicer shall comply with the Credit and Collection Policies with respect to each Transferred Receivable and the Contract therefor. The Servicer shall not extend, amend, forgive, discharge, compromise, waive, cancel or otherwise modify the terms of
any Transferred Receivable or amend, modify or waive any term or condition of any Contract related thereto, except that the Servicer may (i) reduce the Outstanding Balance of a Transferred Receivable as required to reflect any Dilution Factors
and (ii) take such actions, to the extent permitted by the Credit and Collection Policies, as the Servicer may deem reasonably necessary or desirable in order to maximize Collections with respect to any past-due Receivable so long as, after
giving effect to any such action, no Transferred Receivables which constituted Eligible Receivables prior to such action would no longer constitute Eligible Receivables as a result of such action. The Servicer shall not without the prior written
consent of Buyer amend, modify or waive any term or provision of the Credit and Collection Policies. 
  

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 (f) Ownership of Transferred Receivables; Servicing Records. The Servicer shall (i) identify
the Transferred Receivables clearly and unambiguously in its Servicing Records to reflect that such Transferred Receivables are the property of Buyer and that a Lien on such Transferred Receivables has been granted to the Administrative Agent for
the benefit of the Secured Parties; (ii) maintain and implement administrative and operating procedures (including, without limitation, an ability to recreate records evidencing such Transferred Receivables in the event of the destruction of
any originals thereof) as are necessary or advisable in accordance with industry practice (1) to reflect promptly (a) all payments received and all credits and extensions granted with respect to such Transferred Receivables, (b) the
return, rejection, repossessions, or stoppage in transit of any merchandise the sale of which has given rise to any such Transferred Receivable and (c) any other reductions in the Outstanding Balance of such Transferred Receivables on account
of Dilution Factors; and (2) to determine no less frequently than the date each Daily Report, Weekly Report or Monthly Report is due, whether each Transferred Receivable then outstanding qualifies as an Eligible Receivable; (iii) by no
later than the Effective Date, mark conspicuously with a legend, in form and substance satisfactory to Buyer, its books and records (including computer records) and credit files pertaining to the Borrower Collateral, and its file cabinets or other
storage facilities where it maintains information pertaining thereto, to evidence the assignment of the Transferred Receivables under this Agreement and the assignment and Liens granted pursuant to the Funding Agreement. Upon the occurrence and
during the continuance of an Incipient Termination Event or a Termination Event, the Servicer shall deliver and turn over such books and records to Buyer or its representatives at any time on demand. The Servicer shall permit any representative of
Buyer to inspect such books and records and shall provide photocopies thereof to Buyer as more specifically set forth in Section 7.04(i). 
 (g) Payment and Performance of Charges and other Obligations. 
 (i) Subject to
Section 7.04(g)(ii), the Servicer shall pay, perform and discharge or cause to be paid, performed and discharged promptly all charges and claims payable by it, including (A) Charges imposed upon it, its income and profits, or any of
its property (real, personal or mixed) and all Charges with respect to tax, social security and unemployment withholding with respect to its employees, and (B) lawful claims for labor, materials, supplies and services or otherwise before any
amount thereof shall become past due. 
 (ii) The Servicer may in good faith contest, by appropriate proceedings, the validity
or amount of any charges or claims described in Section 7.04(g)(i); provided that (A) adequate reserves with respect to such contest are maintained on the books of the Servicer, in accordance with GAAP, (B) such contest
is maintained and prosecuted continuously and with diligence, (C) none of the Borrower Collateral becomes subject to forfeiture or loss as a result of such contest, (D) no Lien shall be imposed to secure payment of such charges or claims
other than inchoate tax liens and (E) the Administrative Agent has not advised the Servicer in writing that it reasonably believes that failure to pay or to discharge such claims or charges could have or result in a Material Adverse Effect.

  

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 (h) Access. The Servicer agrees to provide Buyer and Buyer’s employees, directors, agents and
representatives with all access that the Originators have covenanted and agreed to provide to Buyer in Section 4.02(b). 
 (i)
Communication with Accountants. The Servicer authorizes Buyer to communicate directly with its independent certified public accountants, and authorizes and, shall upon Buyer’s request, instruct those accountants to disclose and make
available to Buyer, its officers, employees, agents and representatives any and all financial statements and other supporting financial documents, schedules and information relating to the Servicer (including copies of any issued management letters)
with respect to the business, financial condition and other affairs of the Servicer. The Servicer agrees to render to Buyer, at the Servicer’s own cost and expense, such clerical and other assistance as may be reasonably requested with regard
to the foregoing, it being understood that the Servicer shall be required to comply with a request under this Section 7.03(i) only to the extent such request is reasonably related to the transactions contemplated by the Transaction
Documents and to the Transferred Receivables. 
 (j) Collection of Transferred Receivables. In connection with the collection of
amounts due or to become due under the Transferred Receivables, the Borrower Assigned Agreements and any other Borrower Collateral, the Servicer shall take such action as it, and from and after the occurrence and during the continuance of a
Termination Event, Buyer may deem necessary or desirable to enforce collection of the Transferred Receivables, the Borrower Assigned Agreements and the other Borrower Collateral; provided that the applicable Originator may, rather than
commencing any such action or taking any other enforcement action, at its option, elect to pay to Buyer, for deposit into the Agent Account, an amount equal to the Outstanding Balance of any such Transferred Receivable. If (i) an Incipient
Termination Event or a Termination Event shall have occurred and be continuing or (ii) Buyer in good faith believes that an Incipient Termination Event or a Termination Event is imminent, then Buyer may, without prior notice to any Originator
or the Servicer, (x) exercise its right to take exclusive ownership and control of (1) the Collections and the Concentration Account in accordance with the terms of the applicable Concentration Account Agreement and (2) the Borrower
Account in accordance with the Borrower Account Agreement (in which case the Servicer shall be required to deposit any Collections it then has in its possession or at any time thereafter receives, immediately in the Collection Account) and
(y) notify any Obligor under any Transferred Receivable or obligors under the Borrower Assigned Agreements of the sale to Buyer of such Transferred Receivables and of the pledge of such Transferred Receivables or Borrower Assigned Agreements,
as the case may be, to the Administrative Agent and direct that payments of all amounts due or to become due to Buyer thereunder be made directly to Buyer or any servicer, collection agent or Lockbox or other account designated by Buyer and Buyer
may enforce collection of any such Transferred Receivable or the Borrower Assigned Agreements and adjust, settle or compromise the amount or payment thereof. Buyer shall provide prompt notice to the Servicer of any such notification of assignment,
pledge or direction of payment to the Obligors under any Transferred Receivables. 
 (k) Performance of Borrower Assigned Agreements.
The Servicer shall (i) perform and observe all the terms and provisions of the Borrower Assigned Agreements to be performed or observed by it, maintain the Borrower Assigned Agreements in full force and effect, enforce the Borrower Assigned
Agreements in accordance with their terms and take all action as may from time to time be 
  

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 requested by Buyer in order to accomplish the foregoing, and (ii) upon the request of and as directed by Buyer, make
such demands and requests to any other party to the Borrower Assigned Agreements as are permitted to be made by the Servicer thereunder. 
 (l) License for Use of Software and Other Intellectual Property. Unless expressly prohibited by the licensor thereof or any provision of applicable law, if any, the Servicer hereby grants to Buyer (and to the Administrative Agent on
behalf of the Secured Parties as assignee of Buyer) a limited license to use, without charge, the Servicer’s computer programs, software, printouts and other computer materials, technical knowledge or processes, data bases, materials,
trademarks, registered trademarks, trademark applications, service marks, registered service marks, service mark applications, patents, patent applications, trade names, rights of use of any name, labels, fictitious names, inventions, designs, trade
secrets, goodwill, registrations, copyrights, copyright applications, permits, licenses, franchises, customer lists, credit files, correspondence, and advertising materials or any property of a similar nature, as it pertains to the Transferred
Receivables and the other Borrower Collateral, or any rights to any of the foregoing, only as reasonably required in connection with the collection of the Transferred Receivables and the advertising for sale, and selling any of the Borrower
Collateral, or exercising of any other remedies with respect thereto, and the Servicer agrees that its rights under all licenses and franchise agreements shall inure to Buyer (and to the Administrative Agent on behalf of the Secured Parties as
assignee of Buyer) for purposes of the license granted herein. Except upon the occurrence and during the continuation of a Termination Event, Buyer agrees not to use (and shall cause the Administrative Agent to covenant not to use) any such license
without giving the Servicer prior written notice. 
 (m) Deposit of Collections. The Servicer shall (and shall cause each of its
Affiliates to) (i) instruct all Obligors to remit all payments with respect to any Transferred Receivables directly into a Lockbox or the Concentration Account, and (ii) deposit or cause to be deposited promptly into a Lockbox or the
Concentration Account, and in any event no later than the first Business Day after receipt thereof, all Collections it may receive in respect of Transferred Receivables (and until so deposited, all such Collections shall be held in trust for the
benefit of Buyer and its assigns (including the Administrative Agent and the Secured Parties). The Servicer shall not make or permit to be made deposits into a Lockbox or the Concentration Account other than in accordance with this Agreement and the
other Related Documents. Without limiting the generality of the foregoing, the Servicer shall ensure that no Collections or other proceeds with respect to a Receivable reconveyed to any Originator pursuant to Section 4.04 hereof are paid
or deposited into any Lockbox or the Concentration Account. 
 (n) Commingling. The Servicer shall not (and shall cause each other
member of the Parent Group not to) deposit or permit the deposit of any funds that do not constitute Collections of Transferred Receivables into any Lockbox or the Concentration Account except as otherwise permitted by Section 4.03(m)
hereof. If any funds not constituting Collections of Transferred Receivables are nonetheless deposited into a Lockbox or the Concentration Account and the Servicer so notifies Buyer, Buyer shall promptly remit any such amounts to the applicable
Originator. So long as any Transferred Receivables of an Obligor remain unpaid, the Servicer shall not instruct such Obligor to remit Collections of any Receivables other than Excluded Receivables to any Person or account other than to a Lockbox or
the Concentration Account. 
  

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 (o) Separate Identity. The Servicer shall comply with Section 4.02(i) to the same
extent as if it were an Originator. 
 Section 7.05. Reporting Requirements of the Servicer. The Servicer hereby agrees that,
from and after the Effective Date and until the Termination Date, it shall prepare and deliver or cause to be prepared and delivered to the Administrative Agent and the Managing Agents the financial statements, notices, reports, and other
information at the times, to the Persons and in the manner set forth in Annex 7.05. 
 ARTICLE VIII 
 EVENTS OF SERVICER TERMINATION 
 Section 8.01. Events of Servicer Termination. If any of the following events (each, an “Event of Servicer Termination”) shall occur (regardless of the reason therefor): 
 (a) the Servicer shall (i) fail to make any payment or deposit hereunder when due and payable and the same shall remain unremedied for one
(1) Business Day or more; (ii) fail to deliver when due any of the reports required to be delivered pursuant to Section 7.05 or any other report related to the Transferred Receivables as required by the other Related Documents
and the same shall remain unremedied for two (2) Business Days or more; or (iii) fail or neglect to perform, keep or observe any other provision of this Agreement or the other Related Documents (other than any provision embodied in or
covered by any other clause of this Section 8.01) and the same shall remain unremedied for five (5) days or more following the earlier to occur of an Authorized Officer of the Servicer becoming aware of such breach and the
Servicer’s receipt of notice thereof; or 
 (b)(i) the Servicer shall fail to make any payment with respect to any of its Debts which is
in an aggregate principal amount exceeding $10,000,000 when due, and the same shall remain unremedied for any applicable grace period with respect thereto; or (ii) a default or breach shall occur and be continuing under any agreement, document
or instrument to which the Servicer is a party or by which the Servicer or its property is bound (other than a Related Document), and such default or breach shall remain unremedied after any applicable grace period with respect thereto and which
involves a Debt which is in an aggregate principal amount exceeding $10,000,000; or 
 (c) a case or proceeding shall have been commenced
against the Servicer or any Affiliate which acts as a Sub-Servicer seeking a decree or order in respect of any such Person (i) under the Bankruptcy Code or any other applicable federal, state or foreign bankruptcy or other similar law,
(ii) appointing a custodian, receiver, liquidator, assignee, trustee or sequestrator (or similar official) for any such Person or for any substantial part of such Person’s assets, or (iii) ordering the winding-up or liquidation of the
affairs of any such Person, and such case or proceeding continues for 60 days unless dismissed or discharged; provided that such 60-day period shall be deemed terminated immediately if (x) a decree or order is entered by a court of
competent jurisdiction with respect to a case or proceeding described in this subsection (c), or (y) any of the events described in Section 8.01(d) shall have occurred; or 
  

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 (d) the Servicer or any Affiliate which acts as a Sub-Servicer shall (i) file a petition seeking
relief under the Bankruptcy Code or any other applicable federal, state or foreign bankruptcy or other similar law, (ii) consent or fail to object in a timely and appropriate manner to the institution of any proceedings under the Bankruptcy
Code or any other applicable federal, state or foreign bankruptcy or similar law or to the filing of any petition thereunder or to the appointment of or taking possession by a custodian, receiver, liquidator, assignee, trustee or sequestrator (or
similar official) for any such Person or for any substantial part of such Person’s assets, (iii) make an assignment for the benefit of creditors, or (iv) take any corporate action in furtherance of any of the foregoing; or 

(e) the Servicer or any Affiliate which acts as a Sub-Servicer generally does not pay its debts as such debts become due or admits in writing its
inability to, or is generally unable to, pay its debts as such debts become due; or 
 (f) a final judgment or judgments for the payment of
money in excess of $5,000,000 in the aggregate (net of insurance proceeds) at any time outstanding shall be rendered against the Servicer or any other Subsidiary of the Parent which acts as a Sub-Servicer and either (i) enforcement proceedings
shall have been commenced upon any such judgment or (ii) the same shall not, within 30 days after the entry thereof, have been discharged or execution thereof stayed or bonded pending appeal, or shall not have been discharged prior to the
expiration of any such stay; or 
 (g)(i) any information contained in any Borrowing Base Certificate, Monthly Report, Weekly Report or Daily
Report is untrue or incorrect in any respect or (ii) any representation or warranty of the Servicer herein or in any other Related Document or in any written statement, report, financial statement or certificate (other than a Borrowing Base
Certificate) made or delivered by the Servicer to any Affected Party hereto or thereto is untrue or incorrect in any material respect as of the date when made or deemed made and such representation and warranty, if relating to any Transferred
Receivable, has not been cured by the repurchase of any such Transferred Receivable pursuant to Section 4.04; or 
 (h) Buyer
shall have determined that any event or condition that materially adversely affects the ability of the Servicer to collect the Transferred Receivables or to otherwise perform hereunder has occurred; or 
 (i) a Termination Event shall have occurred or this Agreement shall have been terminated; or 
 (j) a deterioration has taken place in the quality of servicing of Transferred Receivables or other Receivables, other than the Mexico Receivables,
serviced by the Servicer that Buyer or the Administrative Agent, in its sole discretion, determines to be material, and such material deterioration has not been eliminated within 30 days after written notice thereof shall have been given by the
Administrative Agent to the Servicer; or 
 (k) the Servicer shall assign or purport to assign any of its obligations hereunder without the
prior written consent of Buyer; or 
 (l) a Change of Control shall have occurred; or 
  

 40 

 (m) a default or breach of any of the tests set forth in Annex Z shall have occurred; 

then, and in any such event, Buyer may, by delivery of a Servicer Termination Notice to the Servicer, terminate the servicing responsibilities of the Servicer
hereunder, without demand, protest or further notice of any kind, all of which are hereby waived by the Servicer. Upon the delivery of any such notice, all authority and power of the Servicer under this Agreement shall pass to and be vested in the
Successor Servicer acting pursuant to Section 9.02; provided that notwithstanding anything to the contrary herein, the Servicer agrees to continue to follow the procedures set forth in Section 7.02 with respect to
Collections on the Transferred Receivables until a Successor Servicer has assumed the responsibilities and obligations of the Servicer in accordance with Section 9.02. 
 ARTICLE IX 
 SUCCESSOR SERVICER PROVISIONS 
 Section 9.01. Servicer Not to Resign. The Servicer shall not resign from the obligations and duties hereby imposed on it except upon a
determination that (a) the performance of its duties hereunder has become impermissible under applicable law or regulation and (b) there is no reasonable action that the Servicer could take to make the performance of its duties hereunder
become permissible under applicable law. Any such determination shall (i) with respect to clause (a) above, be evidenced by an opinion of counsel to such effect and (ii) with respect to clause (b) above, be
evidenced by an Officer’s Certificate to such effect, in each case delivered to the Administrative Agent. No such resignation shall become effective until a Successor Servicer shall have assumed the responsibilities and obligations of the
Servicer in accordance with Section 9.02. 
 Section 9.02. Appointment of the Successor Servicer. In connection with
the termination of the Servicer’s responsibilities or the resignation by the Servicer under this Agreement pursuant to Sections 8.01 or 9.01, Buyer may at any time appoint a successor servicer to the Servicer that shall be
acceptable to the Administrative Agent and shall succeed to all rights and assume all of the responsibilities, duties and liabilities of the Servicer under this Agreement (the Administrative Agent, in such capacity, or such successor servicer being
referred to as the “Successor Servicer”); provided that the Successor Servicer shall have no responsibility for any actions of the Servicer prior to the date of its appointment or assumption of duties as Successor Servicer.
In selecting a Successor Servicer, Buyer may (but shall not be required to) obtain bids from any potential Successor Servicer and may agree to any bid it deems appropriate. The Successor Servicer shall accept its appointment by executing,
acknowledging and delivering to Buyer an instrument in form and substance acceptable to Buyer and the Administrative Agent. 
 Section 9.03. Duties of the Servicer. The Servicer covenants and agrees that, following the appointment of, or assumption of duties by, a Successor Servicer: 
 (a) The Servicer shall terminate its activities as Servicer hereunder in a manner that facilitates the transfer of servicing duties to the Successor
Servicer and is otherwise acceptable to Buyer and the Administrative Agent and, without limiting the generality of the foregoing, shall, at its own expense, timely deliver (i) any funds to the Administrative Agent that were required to be
remitted to the Administrative Agent for deposit in the Agent Account under the Funding Agreement and (ii) copies of all Servicing Records and 

  

 41 

 
other information with respect to the Transferred Receivables to the Successor Servicer at a place selected by the Successor Servicer. The Servicer shall
cooperate with the Successor Servicer in effecting the termination of the responsibilities and rights of the predecessor Servicer under this Agreement and shall account for all funds and shall execute and deliver such instruments and do such other
things as may be required to vest and confirm in the Successor Servicer all rights, powers, duties, responsibilities, obligations and liabilities of the Servicer. All reasonable costs and expenses (including reasonable attorneys’ fees) incurred
in connection with transferring all files and other documents in respect of the Transferred Receivables to the Successor Servicer shall be for the account of the predecessor Servicer. 
 (b) The Servicer shall terminate each existing Sub-Servicing Agreement and the Successor Servicer shall not be deemed to have assumed any of the
Servicer’s interests therein or to have replaced the Servicer as a party thereto. 
 (c) In the event that the Servicer is terminated as
Servicer hereunder but no Successor Servicer has been appointed, the Servicer shall timely deliver to the Administrative Agent or its designee, at a place designated by the Administrative Agent or such designee, all Servicing Records and other
information with respect to the Transferred Receivables which otherwise would be required to be delivered to the Successor Servicer under Section 9.03(a) above, and all reasonable costs and expenses (including reasonable attorneys’
fees) incurred in connection with transferring such files and other documents to the Administrative Agent shall be for the account of the predecessor Servicer. 
 Section 9.04. Effect of Termination or Resignation. Any termination of or resignation by the Servicer hereunder shall not affect any claims that Buyer or its assigns may have against the Servicer for
events or actions taken or not taken by the Servicer arising prior to any such termination or resignation. 
 Section 9.05. Power of
Attorney. On the Closing Date, the Servicer shall execute and deliver a power of attorney in substantially in the form attached hereto as Exhibit 9.05 (a “Power of Attorney”). The Power of Attorney is a power coupled with
an interest and shall be irrevocable until this Agreement has terminated in accordance with its terms and all of the Transferred Receivables have been indefeasibly paid or otherwise written off as uncollectible. The powers conferred under the Power
of Attorney are solely to protect the interests of Buyer and its assigns (including the Administrative Agent and the Secured Parties) in the Transferred Receivables and the ability of the Successor Servicer to assume the servicing rights, powers and
responsibilities of the Servicer hereunder and shall not impose any duty upon the Administrative Agent or the Successor Servicer to exercise any such powers. The Administrative Agent covenants and agrees not to use the Power of Attorney except
following a Termination Event and prior to the occurrence of the Termination Date. 
 Section 9.06. No Proceedings. Each
Originator and Servicer agrees that, from and after the Closing Date and until the date one year plus one day following the Termination Date, it will not, directly or indirectly, institute or cause to be instituted against Buyer any proceeding of
the type referred to in Sections 8.01(d) and 8.01(e) of the Funding Agreement. This Section 9.06 shall survive the termination of this Agreement. 
  

 42 

 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 
  

 43 

 IN WITNESS WHEREOF, the parties have caused this Receivables Sale and Servicing Agreement to be
executed by their respective duly authorized representatives, as of the date first above written. 
  

			
	SYNNEX CORPORATION,
	individually and as an Originator
		
	By:	 	 /s/    Simon Y. Leung

	Name:	 	Simon Y. Leung
	Title:	 	General Counsel and Corporate Secretary
	
	SIT FUNDING CORPORATION,
	as Buyer
		
	By:	 	 /s/    Simon Y. Leung

	Name:	 	Simon Y. Leung
	Title:	 	General Counsel and Corporate Secretary
	
	 SYNNEX CORPORATION,
 as
Servicer

		
	By:	 	 /s/    Simon Y. Leung

	Name:	 	Simon Y. Leung
	Title:	 	General Counsel and Corporate Secretary

  

					
		  	S-1	  	 Third Amended and Restated
 Receivables Sale and Servicing Agreement

 EXHIBIT 2.01(a) 
 Form of 
 RECEIVABLES ASSIGNMENT 
 THIS RECEIVABLES ASSIGNMENT (the “Receivables Assignment”) is entered into as of [DATE], by and between [Name of Originator] (the
“Originator”) and SIT FUNDING CORPORATION (“Buyer”). 
 1. We refer to that certain Third Amended and
Restated Receivables Sale and Servicing Agreement (as amended, restated, supplemented or otherwise modified from time to time, the “Sale Agreement”) of even date herewith among the Originator, the other Originators party thereto,
Synnex Corporation and Buyer. All of the terms, covenants and conditions of the Sale Agreement are hereby made a part of this Receivables Assignment and are deemed incorporated herein in full. Unless otherwise defined herein, capitalized terms or
matters of construction defined or established in the Sale Agreement shall be applied herein as defined or established therein. 
 2. For
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Originator hereby sells, or, in the event the Originator is a shareholder of Buyer, sells or contributes, to Buyer, without recourse, except as
provided in Section 4.04 of the Sale Agreement, all of the Originator’s right, title and interest in, to and under all of its Receivables other than Excluded Receivables (including all Collections, Records and proceeds with respect to such
included Receivables) existing as of the Closing Date and thereafter created or arising at any time until the Facility Termination Date. 
 3. Subject to the terms and conditions of the Sale Agreement, the Originator hereby covenants and agrees to assign, sell or contribute, as applicable, execute and deliver, or cause to be assigned, sold or contributed, executed and
delivered, and to do or make, or cause to be done or made, upon request of Buyer and at the Originator’s expense, any and all agreements, instruments, papers, deeds, acts or things, supplemental, confirmatory or otherwise, as may be reasonably
required by Buyer for the purpose of or in connection with acquiring or more effectively vesting in Buyer or evidencing the vesting in Buyer of the property, rights, title and interests of the Originator sold or contributed hereunder or intended to
be sold or contributed hereunder. 
 4. Wherever possible, each provision of this Receivables Assignment shall be interpreted in such a
manner as to be effective and valid under applicable law, but if any provision of this Receivables Assignment shall be prohibited by or invalid under applicable law, such provision shall be ineffective only to the extent of such prohibition or
invalidity without invalidating the remainder of such provision or the remaining provisions of this Receivables Assignment. 
 5. THIS
RECEIVABLES ASSIGNMENT SHALL BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW BUT OTHERWISE WITHOUT REGARD TO
CONFLICTS OF LAW PRINCIPLES), AND ANY APPLICABLE LAWS OF THE UNITED STATES OF AMERICA. 
 Receivables Sale and Servicing
Agreement 

 IN WITNESS WHEREOF, the parties have caused this Receivables Assignment to be executed by their
respective officers thereunto duly authorized, as of the day and year first above written. 
  

			
	[NAME OF ORIGINATOR]
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	SIT FUNDING CORPORATION, as Buyer
		
	By:	 	  

	Name:	 	
	Title:	 	

 Receivables Sale and Servicing Agreement 
 Exhibit 2.01(a)-2 

 EXHIBIT 2.01(c)(ii) 
 Form of 
 SUBORDINATED NOTE 
  

			
	$[        ]	 	[             ,         ]

 FOR VALUE RECEIVED, the undersigned, SIT FUNDING CORPORATION, a Delaware corporation (the
“Borrower”), hereby promises to pay to the order of
[                                    ], a (the
“Subordinated Lender”), or its assigns, at [ADDRESS], or at such other place as the holder of this Subordinated Note (“Note”) may designate from time to time in writing, in lawful money of the United States of
America and in immediately available funds, the principal amount of [        ] DOLLARS [$        ], or, if less, the aggregate unpaid principal amount of
all Subordinated Loans (as defined in the Sale Agreement referred to below) made to the Borrower, upon the earlier to occur of (i) Final Advance Date and (ii) the Termination Date (in each case, as defined in Annex X to the Sale
Agreement referred to below), together with interest thereon from time to time from the Effective Date (as defined in the Sale Agreement referred to below) at the rate shown in The Wall Street Journal as the “Prime Rate” on such date (the
“Interest Rate”) on the unpaid principal amount of each Subordinated Loan for the period commencing on and including the date of such Subordinated Loan to but excluding the date such Subordinated Loan is paid in full. 
 The date, amount and interest rate of each Subordinated Loan made by the Subordinated Lender to the Borrower, and each payment made by or on behalf of
the Borrower on account of the principal thereof, shall be recorded by the Subordinated Lender on its books and, prior to any transfer of this Note, endorsed by the Subordinated Lender on the schedule attached hereto or any continuation thereof. The
books of the Subordinated Lender and such schedule shall be presumptive evidence of the amounts due and owing to the Subordinated Lender by the Borrower; provided that any failure of the Subordinated Lender to record a notation in its books
or on the schedule to this Note as aforesaid or any error in so recording shall not limit or otherwise affect the obligation of the Borrower to repay Subordinated Loans in accordance with their respective terms set forth herein. 
 All capitalized terms, unless otherwise defined herein, shall have the meanings assigned to them in the Third Amended and Restated Receivables Sale and
Servicing Agreement of even date herewith (as the same may be subsequently amended, restated or otherwise modified, the “Sale Agreement”) by and among the Borrower, the Subordinated Lender, the other Originators thereunder and
Synnex Corporation. This Note is issued pursuant to the Sale Agreement and is one of the Subordinated Notes referred to therein. All of the terms, covenants and conditions of the Sale Agreement and all other instruments evidencing the indebtedness
hereunder, including the other Related Documents, are hereby made a part of this Note and are deemed incorporated herein in full. 
 The
Borrower may at any time and from time to time voluntarily repay, in whole or in part, all Subordinated Loans made hereunder. Any amount so repaid may, subject to the terms and conditions hereof, be reborrowed hereunder; provided that all
repayments of Subordinated Loans or any portion thereof shall be made together with payment of all interest accrued on the amount repaid to (but excluding) the date of such repayment. 
 Receivables Sale and Servicing Agreement 

 Interest shall be payable on the outstanding principal amount of this Note from time to time in arrears
on the first Business Day of each calendar month. All computations of interest shall be made by the Subordinated Lender on the basis of a 365 day year, in each case for the actual number of days occurring in the period for which such interest is
payable. The Interest Rate shall be determined (i) on the first Business Day immediately prior to the Effective Date for calculation of the Interest Rate for the period from the Effective Date through the end of the first calendar month
following the Effective Date, and (ii) as of the last Business Day of each month for use in calculating the interest that is payable for the following calendar month, and the Interest Rate so determined shall be utilized for such calendar
month. Each determination by the Subordinated Lender of an interest rate hereunder shall be final, binding and conclusive on the Borrower (absent manifest error). The Borrower shall pay interest at the applicable Interest Rate on unpaid interest on
any Subordinated Loan or any installment thereof, and on any other amount payable by the Borrower hereunder (to the extent permitted by law) that shall not be paid in full when due (whether at stated maturity, by acceleration or otherwise) for the
period commencing on the due date thereof to (but excluding) the date the same is indefeasibly paid in full. 
 If any payment or prepayment
on this Note becomes due and payable on a day other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day and, with respect to payments of principal, interest thereon shall be payable at the Interest Rate
during such extension. 
 As set forth below, the indebtedness evidenced by this Subordinated Note is subordinate in right of payment to all
Borrower Obligations and all renewals, extensions, refinancings or refundings of any such obligations (whether for principal, interest (including but not limited to interest accruing after the filing of a petition initiating any bankruptcy,
insolvency or receivership proceeding (each, an “Insolvency Proceeding”) whether or not such interest is allowed in such Insolvency Proceeding), fees, indemnities, repurchase price, expenses or otherwise) (collectively, the
“Senior Obligations”). The subordination provisions contained herein are for the direct benefit of, and may be enforced by, any holder of a Senior Obligation, and may not be terminated, amended or otherwise revoked until the Senior
Obligations have been indefeasibly paid in full in cash and the Related Documents terminated in accordance with their respective terms. This Subordinated Note shall not be subject to any defense or any rights of set-off, including on account of any
past or present debt. Upon the occurrence and during the continuance of any Termination Event or Incipient Termination Event, the Subordinated Lender shall not demand, accelerate, sue for, take, receive or accept from the Borrower, directly or
indirectly, in cash or other property or by set-off or any other manner (including, without limitation, from or by way of collateral) any payment of or security for all or any part of the indebtedness under this Subordinated Note or exercise any
remedies or take any action or proceeding to enforce the same. The Subordinated Lender hereby agrees that prior to the date that is one year and one day after all of the Senior Obligations have been indefeasibly paid in full in cash and the Related
Documents terminated in accordance with their respective terms, the Subordinated Lender will not take any action to institute any Insolvency Proceeding in respect of the Borrower or which would be reasonably likely to cause the Borrower to be
subject to, or seek the protection of, any such Insolvency Proceeding. 
 Receivables Sale and Servicing Agreement 
 Exhibit 2.01(c)(ii)-2 

 If the Borrower becomes subject to any Insolvency Proceeding, then the holders of the Senior Obligations
shall receive payment in full of all amounts due or to become due on or with respect to the Senior Obligations before the Subordinated Lender shall be entitled to receive any payment on account of this Subordinated Note. Accordingly, any payment or
distribution of assets of the Borrower of any kind or character, whether in cash, securities or other property, in any applicable Insolvency Proceeding, that would otherwise be payable to or deliverable upon or with respect to any or all
indebtedness under this Subordinated Note, is hereby assigned to and shall be paid or delivered by the person making such payment or delivery (whether a trustee in bankruptcy, a receiver, custodian or liquidating trustee or otherwise) directly to
the Administrative Agent for application to, or as collateral for the payment of, the Senior Obligations until such Senior Obligations shall have been indefeasibly paid in full in cash. 
 In no contingency or event whatsoever, whether by reason of advancement of the proceeds hereof or otherwise, shall the amount paid or agreed to be paid
to Subordinated Lender for the use, forbearance or detention of money advanced hereunder exceed the highest rate of interest permissible under law (the “Maximum Lawful Rate”). In the event that a court of competent jurisdiction
determines that Subordinated Lender has charged or received interest hereunder in excess of the Maximum Lawful Rate, the amount of interest payable hereunder shall be equal to the amount payable under the Maximum Lawful Rate; provided that if
at any time thereafter the amount of interest payable to Subordinated Lender hereunder is less than the amount payable under the Maximum Lawful Rate, the Borrower shall continue to pay interest hereunder at the Maximum Lawful Rate until such time as
the total interest received by Subordinated Lender from the making of Subordinated Loans hereunder is equal to the total interest that Subordinated Lender would have received had the amount of interest payable to Subordinated Lender hereunder been
(but for the operation of this paragraph) the amount of interest payable from the Effective Date. Thereafter, the amount of interest payable hereunder shall be the amount determined in accordance with the terms hereof unless and until the amount so
calculated again exceeds the amount payable under the Maximum Lawful Rate, in which event this paragraph shall again apply. In no event shall the total interest received by Subordinated Lender pursuant to the terms hereof exceed the amount that
Lender could lawfully have received had the interest due hereunder been calculated for the full term hereof at the Maximum Lawful Rate. In the event the amount payable under the Maximum Lawful Rate is calculated pursuant to this paragraph, such
interest shall be calculated at a daily rate equal to the Maximum Lawful Rate divided by the number of days in the year in which such calculation is made. In the event that a court of competent jurisdiction, notwithstanding the provisions of this
Note, shall make a final determination that Subordinated Lender has received interest hereunder in excess of the Maximum Lawful Rate, Subordinated Lender shall, to the extent permitted by applicable law, promptly apply such excess first to any
interest due and not yet paid hereunder, then to the outstanding principal amount of the Subordinated Loans, then to fees and any other unpaid charges, and thereafter shall refund any excess to the Borrower or as a court of competent jurisdiction
may otherwise order. 
 Wherever possible each provision of this Note shall be interpreted in such a manner as to be effective and valid
under applicable law, but if any provision of this Note shall be prohibited or invalid under applicable law, such provision shall be ineffective only to the extent of such prohibition or invalidity without invalidating the remainder of such
provision or remaining provisions of this Note. 
 Receivables Sale and Servicing Agreement 
 Exhibit 2.01(c)(ii)-3 

 Time is of the essence of this Note. To the fullest extent permitted by applicable law, the Borrower
expressly waives presentment, demand, diligence, protest and all notices of any kind whatsoever with respect to this Note. 
 BECAUSE
DISPUTES ARISING IN CONNECTION WITH COMPLEX FINANCIAL TRANSACTIONS ARE MOST QUICKLY AND ECONOMICALLY RESOLVED BY AN EXPERIENCED AND EXPERT PERSON AND THE PARTIES WISH APPLICABLE STATE AND FEDERAL LAWS TO APPLY (RATHER THAN ARBITRATION RULES), THE
PARTIES DESIRE THAT THEIR DISPUTES BE RESOLVED BY A JUDGE APPLYING SUCH APPLICABLE LAWS. THEREFORE, TO ACHIEVE THE BEST COMBINATION OF THE BENEFITS OF THE JUDICIAL SYSTEM AND OF ARBITRATION, THE BORROWER HERETO WAIVES ALL RIGHT TO TRIAL BY JURY IN
ANY ACTION, SUIT, OR PROCEEDING BROUGHT TO ENFORCE OR DEFEND ANY RIGHTS OR REMEDIES UNDER THIS NOTE, THE SALE AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY, WHETHER ARISING IN CONTRACT, TORT OR OTHERWISE. 
 THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING SECTIONS 5-1401 AND
5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW BUT OTHERWISE WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES), AND ANY APPLICABLE LAWS OF THE UNITED STATES OF AMERICA. 
 IN WITNESS WHEREOF, the Borrower has caused this Note to be signed and delivered by its duly authorized officer as of the date set forth above. 
  

			
	SIT FUNDING CORPORATION
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 Receivables Sale and Servicing Agreement 
 Exhibit 2.01(c)(ii)-4 

 SCHEDULE OF LOANS TO SUBORDINATED NOTE 
  

									
	 Date
	  	 Amount of
 Subordinated Loan
	  	 Amount of
 Principal Paid
	  	 Unpaid
 Principal Balance
	  	 Notation
 made by

		  		  		  		  	
					
	 	  	 	  	 	  	 	  	 
					
		  		  		  		  	
					
	 	  	 	  	 	  	 	  	 
					
		  		  		  		  	
					
	 	  	 	  	 	  	 	  	 
					
		  		  		  		  	
					
	 	  	 	  	 	  	 	  	 
					
		  		  		  		  	
					
	 	  	 	  	 	  	 	  	 
					
		  		  		  		  	
					
	 	  	 	  	 	  	 	  	 
					
		  		  		  		  	
					
	 	  	 	  	 	  	 	  	 
					
		  		  		  		  	
					
	 	  	 	  	 	  	 	  	 
					
		  		  		  		  	
					
	 	  	 	  	 	  	 	  	 
					
		  		  		  		  	
					
	 	  	 	  	 	  	 	  	 
					
		  		  		  		  	
					
	 	  	 	  	 	  	 	  	 
					
		  		  		  		  	
					
	 	  	 	  	 	  	 	  	 
					
		  		  		  		  	
					
	 	  	 	  	 	  	 	  	 
					
		  		  		  		  	
					
	 	  	 	  	 	  	 	  	 

 Receivables Sale and Servicing Agreement 
 Exhibit 2.01(c)(ii)-5 

 EXHIBIT 2.03 
 Form of 
 ORIGINATOR SUPPORT AGREEMENT 
 THIS ORIGINATOR SUPPORT AGREEMENT (“Agreement”) is entered into as of [        
    ,         ], by SYNNEX CORPORATION, a Delaware corporation (“Parent”), in favor of SIT FUNDING CORPORATION, a Delaware corporation
(“SPE”). 
 RECITALS 
 A. SIT Funding Corporation, as purchaser, has entered into a Third Amended and Restated Receivables Sale and Servicing Agreement dated as of January 23, 2009 (as the same may from time to time be amended, restated, supplemented or
otherwise modified, the “Sale Agreement”), with Synnex Corporation, and the persons party thereto as “Originators.” Unless otherwise defined herein, capitalized terms or matters of construction defined or established
Annex X to the Sale Agreement shall be applied herein as defined or established therein. 
 B. It is a condition precedent to
[            ] becoming a party to the Sale Agreement as an “Originator” that Parent, as owner, directly or indirectly, of at least 100% of the outstanding Stock having
ordinary voting power to elect the board of directors of [            ] and each other Originator, shall have executed and delivered this Agreement. 
 AGREEMENT 
 NOW, THEREFORE, in consideration
of the premises and of the mutual covenants herein contained and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and in order to induce SPE to make purchases under the Sale Agreement, Parent
hereby agrees as follows: 
 Section 1. Unconditional Undertaking. Parent hereby unconditionally and irrevocably undertakes and
agrees with and for the benefit of SPE and the Administrative Agent (for itself and for the benefit of the Secured Parties) to cause the due and punctual performance and observance by the Servicer and each other Originator and their respective
successors and assigns (collectively, the “Synnex Entities”) of all of the terms, covenants, conditions, agreements and undertakings on the part of such Synnex Entity to be performed or observed under the Sale Agreement or any
document delivered by such Synnex Entity in connection with the Sale Agreement, the Funding Agreement and the Related Documents in accordance with the terms thereof, including the punctual payment when due of all obligations of such Synnex Entity
now or hereafter existing under the Sale Agreement whether for indemnification payments, fees, expenses or otherwise (such terms, covenants, conditions, agreements, undertakings and other obligations being the “Guaranteed
Obligations”), and agrees to pay any and all reasonable and documented expenses (including reasonable and documented fees and expenses of attorneys, auditors and accountants) incurred by SPE, the Administrative Agent and their respective
assigns in enforcing any rights under this Agreement; provided that the foregoing unconditional undertaking of Parent is not intended 
 Receivables Sale and Servicing Agreement 

 to, and shall not, constitute a guarantee of the collectibility or payment of the Transferred Receivables. Parent agrees
that each of its Subsidiaries that becomes an “Originator” under the Sale Agreement shall be deemed to be an “Originator” for purposes of this Agreement. In the event that any Synnex Entity shall fail in any manner whatsoever to
perform or observe any of its Guaranteed Obligations when the same shall be required to be performed or observed under the Sale Agreement or any such other Related Document, then Parent will itself duly and punctually perform or observe, or cause to
be duly and punctually performed or observed, such Guaranteed Obligations, and it shall not be a condition to the accrual of the obligation of Parent hereunder to perform or observe any Guaranteed Obligation (or to cause the same to be performed or
observed) that SPE or the Administrative Agent, as applicable, shall have first made any request of or demand upon or given any notice to Parent or to any Synnex Entity or their respective successors or assigns, or have instituted any action or
proceeding against Parent or any Synnex Entity or their respective successors or assigns in respect thereof. 
 Section 2. Obligation
Absolute. Parent undertakes that the Guaranteed Obligations will be performed or paid strictly in accordance with the terms of the Sale Agreement or any other Related Document delivered by an Synnex Entity in connection with the Sale Agreement
regardless of any law, regulation or order applicable to SPE or the Administrative Agent now or hereafter in effect in any jurisdiction affecting any of such terms or the rights of SPE or the Administrative Agent with respect thereto. The
obligations of Parent under this Agreement are independent of the Guaranteed Obligations, and a separate action or actions may be brought and prosecuted against Parent to enforce this Agreement, irrespective of whether any action is brought against
any Synnex Entity or whether any Synnex Entity is joined in any such action or actions. The liability of Parent under this Agreement shall be absolute and unconditional irrespective of: 
 (a) any lack of validity or enforceability of the Sale Agreement or any other agreement or instrument relating thereto; 
 (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Guaranteed Obligations, or any other
amendment or waiver of or any consent to departure from the Sale Agreement or any other agreement or instrument relating thereto, including, without limitation, any increase in the Guaranteed Obligations resulting from additional purchases or
contributions of Receivables (other than Excluded Receivables) or otherwise; 
 (c) any taking, exchange, release or
non-perfection of any collateral, or any taking, release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Guaranteed Obligations; 
 (d) any manner of application of collateral, or proceeds thereof, to all or any of the Guaranteed Obligations, or any manner of sale or
other disposition of any collateral for all or any of the Guaranteed Obligations or any other assets of any Synnex Entity or any of its subsidiaries; 
 Receivables Sale and Servicing Agreement 
  

 Exhibit 2.03-2 

 (e) any change, restructuring or termination of the corporate structure or existence of
any Synnex Entity or any of its subsidiaries; or 
 (f) any other circumstance that might otherwise constitute a defense
available to, or a discharge of, any Synnex Entity or a guarantor. 
 This Agreement shall continue to be effective or be reinstated, as the case may be, if
at any time any payment of any of the Guaranteed Obligations is rescinded or must otherwise be returned by SPE upon the insolvency, bankruptcy or reorganization of any Synnex Entity or otherwise, all as though payment had not been made. 

Section 3. Waivers. Parent hereby waives promptness, diligence, notice of acceptance and, except to the extent required under the Sale
Agreement, any other notice with respect to any of the Guaranteed Obligations and this Agreement and any requirement that SPE or the Administrative Agent protect, secure, perfect or insure any Lien or any property subject thereto or exhaust any
right or take any action against any Synnex Entity or any other person or entity or any collateral. 
 Section 4. Subrogation.
Parent agrees not to exercise any rights that it may acquire by way of subrogation against any Synnex Entity and its property or any rights of indemnification, contribution and reimbursement from any Synnex Entity and its property, in each case in
connection with this Agreement and any payments made hereunder, until such time as the Guaranteed Obligations have been paid and performed in full and the Termination Date has occurred. 
 Section 5. Separate Identity from Buyer. Parent shall itself, and shall ensure that each of its Affiliates, at all times comply with the
covenants and agreements of the Originators set forth in Section 4.02(i) of the Sale Agreement as if Parent and each of its Affiliates were identified therein. Parent is party to no agreements with SPE or the Administrative Agent other
than pursuant to the Related Documents. 
 Section 6. No Proceedings. From and after the Closing Date and until the date one year
plus one day following the date on which all Borrower Obligations have been indefeasibly paid in full in cash, Parent shall not, directly or indirectly, institute or cause to be instituted against SPE any proceeding of the type referred to in
Sections 8.01(c) or 8.01(d) of the Sale Agreement. 
 Section 7. Amendments and Waivers. No amendment or waiver of
any provision of this Agreement, and no consent to any departure by Parent herefrom, shall in any event be effective unless the same shall be in writing and signed by SPE and the Administrative Agent, and then such waiver or consent shall be
effective only in the specific instance and for the specific purpose for which given. 
 Receivables Sale and Servicing
Agreement 
  

 Exhibit 2.03-3 

 Section 8. Addresses for Notices. All notices and other communications hereunder shall be
sent in the manner provided in Section 6.01 of the Sale Agreement, which provisions are incorporated herein by this reference as though fully set forth herein. 
 Section 9. No Waiver; Remedies. No failure on the part of SPE or the Administrative Agent to exercise, and no delay in exercising, any right
hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right hereunder preclude any other or further exercise thereof or the exercise of any other right. The remedies herein provided are cumulative and not
exclusive of any remedies provided by law. 
 Section 10. Continuing Agreement; Assignments under Sale Agreement. This Agreement
is a continuing agreement and shall (a) remain in full force and effect until the Termination Date has occurred and the payment and performance in full of the Guaranteed Obligations and the payment of all other amounts payable under this
Agreement, (b) be binding upon Parent, its successors and assigns, and (c) inure to the benefit of, and be enforceable by, SPE, the Administrative Agent and their respective successors, transferees and assigns. Without limiting the
generality of the foregoing clause (c), if SPE assigns all or any of the Transferred Receivables, or any interest therein, the assignees shall thereupon become vested with all the benefits in respect thereof granted to SPE and the
Administrative Agent herein or otherwise, including the rights to receive any notices hereunder, to consent to any waivers, amendments or other modifications of this Agreement, and/or to be reimbursed for any expenses in enforcing any rights
hereunder. 
 Section 11. Severability. Wherever possible, each provision of this Agreement shall be interpreted in such a manner
as to be effective and valid under applicable law, but if any provision of this Agreement shall be prohibited by or invalid under applicable law, such provision shall be ineffective only to the extent of such prohibition or invalidity without
invalidating the remainder of such provision or the remaining provisions of this Agreement. 
 Section 12. GOVERNING LAW. THIS
AGREEMENT AND THE ORIGINATOR OBLIGATIONS ARISING HEREUNDER SHALL IN ALL RESPECTS, INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY AND PERFORMANCE, BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW
YORK (INCLUDING SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW BUT OTHERWISE WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES) AND ANY APPLICABLE LAWS OF THE UNITED STATES OF AMERICA. 
 IN WITNESS WHEREOF, Parent has caused this Agreement to be duly executed and delivered by its officer thereunto duly authorized as of the date first
above written. 
  

			
	SYNNEX CORPORATION, as Parent
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 Receivables Sale and Servicing Agreement 
  

 Exhibit 2.03-4 

 EXHIBIT 9.05 
 Form of 
 POWER OF ATTORNEY 
 IN FAVOR OF THE ADMINISTRATIVE AGENT 
 This Power of Attorney is executed and
delivered by SYNNEX CORPORATION, as Servicer (“Grantor”) in favor of BANK OF AMERICA, NATIONAL ASSOCIATION (the “Administrative Agent”) or such successor entity as the Administrative Agent may designate herein (the
Administrative Agent or such successor entity, the “Attorney”) pursuant to that certain Third Amended and Restated Receivables Sale and Servicing Agreement dated as of January 23, 2009 (as the same may from time to time be
amended, restated, supplement or otherwise modified, the “Sale Agreement”), by and among Grantor, as Servicer, the persons party thereto as “Originators”, and SIT Funding Corporation, as Buyer. Capitalized terms used
herein and not otherwise defined shall have the meanings ascribed to them in the Sale Agreement. No person to whom this Power of Attorney is presented, as authority for Attorney to take any action or actions contemplated hereby, shall be required to
inquire into or seek confirmation from Grantor as to the authority of Attorney to take any action described below, or as to the existence of or fulfillment of any condition to this Power of Attorney, which is intended to grant to Attorney
unconditionally the authority to take and perform the actions contemplated herein, and Grantor irrevocably waives any right to commence any suit or action, in law or equity, against any person or entity that acts in reliance upon or acknowledges the
authority granted under this Power of Attorney. The power of attorney granted hereby is coupled with an interest and may not be revoked or cancelled by Grantor until all Transferred Receivables under the Sale Agreement have been indefeasibly paid in
full and/or written-off as uncollectible and Attorney has provided its written consent thereto. 
 Grantor hereby irrevocably constitutes and
appoints Attorney (and all officers, employees or agents designated by Attorney), with full power of substitution, as its true and lawful attorney in fact with full irrevocable power and authority in its place and stead and in its name or in
Attorney’s own name, from time to time in Attorney’s discretion, to take any and all appropriate action and to execute and deliver any and all documents and instruments that may be necessary or desirable to accomplish the purposes of the
Sale Agreement, and, without limiting the generality of the foregoing, hereby grants to Attorney the power and right, on its behalf, without notice to or assent by it, to do the following: (a) open mail for it, and ask, demand, collect, give
acquittances and receipts for, take possession of, or endorse and receive payment of, any checks, drafts, notes, acceptances, or other instruments for the payment of moneys due in respect of Transferred Receivables, and sign and endorse any
invoices, freight or express bills, bills of lading, storage or warehouse receipts, drafts against debtors, assignments, verifications, and notices in connection with any Transferred Receivable or other Borrower Collateral; (b) pay or discharge
any taxes, Liens, or other encumbrances levied or placed on or threatened against any Borrower Collateral; (c) defend any suit, action or proceeding brought against it or any Borrower Collateral if the Grantor does not defend such suit, action,
or proceeding or if Attorney believes that it is not pursuing such defense in a manner that will maximize the recovery to the Attorney, and settle, compromise or adjust any suit, action, or proceeding described above and, in connection therewith,
give such discharges or releases as Attorney may deem appropriate; (d) file or prosecute any claim, Litigation, suit or 
 Receivables Sale and Servicing Agreement 

 proceeding in any court of competent jurisdiction or before any arbitrator, or take any other action otherwise
deemed appropriate by Attorney for the purpose of collecting any and all such moneys due with respect to any Transferred Receivable or other Borrower Collateral or otherwise with respect to the Related Documents whenever payable and to enforce any
other right in respect of its property; (e) sell, transfer, pledge, make any agreement with respect to, or otherwise deal with, any Transferred Receivables or other Borrower Collateral, and execute, in connection with such sale or action, any
endorsements, assignments or other instruments of conveyance or transfer in connection therewith; and (g) cause the certified public accountants then engaged by it to prepare and deliver to Attorney at any time and from time to time, promptly
upon Attorney’s request, any and all financial statements or other reports required to be delivered by or on behalf of Grantor under the Related Documents, all as though Attorney were the absolute owner of its property for all purposes, and to
do, at Attorney’s option and its expense, at any time or from time to time, all acts and other things that Attorney reasonably deems necessary to perfect, preserve, or realize upon the Transferred Receivables and the Administrative Agent’s
interests therein, all as fully and effectively as it might do. Grantor hereby ratifies, to the extent permitted by law, all that said attorneys shall lawfully do or cause to be done by virtue hereof. 
 IN WITNESS WHEREOF, this Power of Attorney is executed by Grantor, and Grantor has caused its seal to be affixed pursuant to the authority of its board
of directors this      day of [        ], 20[    ]. 
  

							
	Grantor	  		  		  	
				
	ATTEST:	  	  
	  		  	
				
	By:	  	  
	  		  	(SEAL)
	Title:	  	  
	  		  	
	[Notarization in appropriate form for the state of execution is required.]	  	

 Receivables Sale and Servicing Agreement 
  

 Exhibit 9.05(b)-2 

 SCHEDULES 
 Receivables Sale and Servicing Agreement 

 ANNEX 7.05 
 REPORTING REQUIREMENTS OF THE SERVICER 
 The Servicer shall furnish, or cause to be furnished, to
Buyer (with copies to each Managing Agent and the Administrative Agent): 
 (a) Annual Audited Financials. As soon as available, and
in any event within ninety (90) days after the end of each fiscal year, a copy of (1) the audited consolidated financial statements for such year for each of the Servicer and its Subsidiaries, certified, as to the audited financial
statements, without qualification in a manner satisfactory to Buyer and the Administrative Agent by any of (i) Deloitte & Touche USA LLP, (ii) Ernst & Young LLP, (iii) KPMG LLP or (iv) PricewaterhouseCoopers LLP
(or any of their respective successors) or other nationally recognized independent public accountants acceptable to Buyer and the Administrative Agent, with such financial statements being prepared in accordance with GAAP applied consistently
throughout the period involved (except as approved by such accountants and disclosed therein) and (2) the unaudited consolidating financial statements for the Servicer and its Subsidiaries. 
 (b) Quarterly Financials. As soon as available, and in any event within forty-five (45) days after the end of each fiscal quarter (other than
the last quarter of such fiscal year), financial information regarding the Servicer and its Subsidiaries, certified by the Chief Financial Officer of the Servicer, consisting of consolidated unaudited balance sheets as of the close of such fiscal
quarter and the related statements of income and cash flows for that portion of the fiscal year ending as of the close of such fiscal quarter, all prepared in accordance with GAAP, subject to normal year-end audit adjustments and the absence of
footnotes. Such financial information shall be accompanied by the certification of the Chief Financial Officer of the Servicer that (A) such financial information presents fairly in accordance with GAAP the financial position and results of
operations of the Servicer and its Subsidiaries, on a consolidated and consolidating basis, in each case as at the end of such quarter and for the period then ended and (B) any other information presented is true, correct and complete in all
material respects and that there was no Incipient Termination Event or Termination Event in existence as of such time or, if an Incipient Termination Event or Termination Event shall have occurred and be continuing, describing the nature thereof and
all efforts undertaken to cure such Incipient Termination Event or Termination Event. In addition, the Servicer shall furnish, or cause to be furnished, to the Administrative Agent and the Managing Agents, within forty-five (45) days after the
end of each fiscal quarter, (1) a statement in reasonable detail (each, a “Compliance Certificate”) showing the calculations used in determining compliance with each financial test described in Annex Z of this Agreement
and (2) a management discussion and analysis that includes a comparison of performance for the fiscal year to date as of the end of that fiscal quarter to the corresponding period in the prior year, as set forth in the quarterly filings made by
the Servicer with the Securities and Exchange Commission. 
 (c) Intentionally Omitted. 
 (d) Operating Plan. As soon as available, but not later than 45 days after the end of each fiscal year, an annual operating plan for such fiscal
year for the Servicer, which will (i) include a statement of the material assumptions on which such plan is based, 
 Receivables
Sale and Servicing Agreement 

 (ii) include quarterly balance sheets and quarterly projections for such year and (iii) integrate sales,
gross profits, operating expenses, operating profit, cash flow projections and Borrowing Base projections, all prepared on the same basis and in similar detail as that on which operating results are reported (and in the case of cash flow
projections, representing management’s good faith estimates of future financial performance based on historical performance), and including plans for personnel, capital expenditures and facilities. 
 (e) Management Letters. Within 10 Business Days after receipt thereof by the Servicer, copies of all management letters, exception reports or
similar letters or reports received by the Borrower from its independent certified public accountants. 
 (f) Default Notices. As soon
as practicable, and in any event within five Business Days after an Authorized Officer of the Servicer has actual knowledge of the existence thereof, telephonic or telecopied notice of each of the following events, in each case specifying the nature
and anticipated effect thereof and what action, if any, the Servicer proposes to take with respect thereto, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day: 
 (i) any Incipient Termination Event or Termination Event; 
 (ii) any Adverse Claim made or asserted against any of the Transferred Receivables of which it becomes aware; 
 (iii) the occurrence of any event that would have a material adverse effect on the aggregate value of the Transferred Receivables or on
the assignments and Liens granted by the Originators pursuant to this Agreement; 
 (iv) the occurrence of any event of the
type described in Sections 4.02(h)(i), (ii) or (iii) of this Agreement involving any Obligor obligated under Transferred Receivables with an aggregate Outstanding Balance at such time of $2,000,000 or more; 

(v) the commencement of a case or proceeding by or against Buyer, the Parent, the Servicer, any Originator, any other Subsidiary of the
Servicer or any Obligor seeking a decree or order in respect of Buyer, the Parent, the Servicer, any Originator, any other Subsidiary of the Servicer or any Obligor (A) under the Bankruptcy Code or any other applicable federal, state or foreign
bankruptcy or other similar law, (B) appointing a custodian, receiver, liquidator, assignee, trustee or sequestrator (or similar official) for Buyer, the Parent, the Servicer, any Originator, any other Subsidiary of the Servicer or any Obligor
or for any substantial part of its respective assets, or (C) ordering the winding up or liquidation of the affairs of Buyer, the Parent, the Servicer, any Originator, any other Subsidiary of the Servicer or any Obligor; 
 (vi) the receipt of notice that (A) Buyer, the Parent, the Servicer, any Originator, any other Subsidiary of the Servicer or any
Obligor is being placed under regulatory supervision, (B) any material license, permit, charter, registration or 
 Receivables Sale and Servicing Agreement 
  

 Annex 7.05-2 

 approval necessary for the conduct of the business of Buyer, the Parent, the Servicer, any Originator,
any other Subsidiary of the Servicer or any Obligor is to be, or may be, suspended or revoked, or (C) the Borrower, the Parent, the Servicer, any Originator, any other Subsidiary of the Servicer or any Obligor is to cease and desist any
practice, procedure or policy employed by it in the conduct of its business if such cessation could reasonably be expected to have a Material Adverse Effect; or 
 (vii) any other event, circumstance or condition that has had or could reasonably be expected to have a Material Adverse Effect.

 (g) SEC Filings and Press Releases. Promptly upon their becoming available, copies of any final registration statements and the
regular, periodic and special reports, if any, which the Parent shall have filed with the Securities and Exchange Commission (or any governmental agency substituted therefor) or any national securities exchange and copies of all management letters
delivered to the Parent or any of its Subsidiaries by its accountants. 
 (h) ERISA Notices. Promptly after the filing or receiving
thereof, copies of all material reports and notices that Buyer, any Originator, the Servicer or any of its other Subsidiaries files under ERISA with the Internal Revenue Services or the PBGC or the U.S. Department of Labor or that Buyer, any
Originator, the Servicer or any of its other Subsidiaries receives from any of the foregoing or from any multiemployer plan (within the meaning of Section 4001(a)(3) of ERISA) to which Buyer, any Originator, the Servicer or any of its other
Subsidiaries is or was, within the preceding five years, a contributing employer, in each case in respect of any accumulated funding deficiency under ERISA, any “Reportable Event” under ERISA, or any assessment of withdrawal liability
under ERISA or ay other event or condition which could, in the aggregate, result in the imposition of liability on Buyer, any Originator, the Servicer or any of its other Subsidiaries in excess of $1,500,000. 
 (i) Litigation. Promptly upon learning thereof, written notice of any Litigation affecting Buyer, the Transferred Receivables or the Borrower
Collateral, whether or not fully covered by insurance, and regardless of the subject matter thereof that (i) seeks damages in excess of $100,000, (ii) seeks injunctive relief, (iii) is asserted or instituted against any Plan, its
fiduciaries (in their capacity as a fiduciary of any such Plan) or its assets or against Buyer or any ERISA Affiliate of Buyer in connection with any Plan, (iv) alleges criminal misconduct by the Servicer or (v) would, if determined
adversely, have a Material Adverse Effect. 
 (j) Other Documents. Such other financial and other information respecting the
Transferred Receivables, the Contracts therefor or the condition or operations, financial or otherwise, of Buyer, any Originator, the Servicer or any of its other Subsidiaries as any Managing Agent or Administrative Agent shall, from time to time,
reasonably request. 
 (k) Miscellaneous Certifications. As soon as available, and in any event within 90 days after the end of each
fiscal year, a bringdown certificate by Servicer, and if requested, an opinion or opinions of counsel, in each case in form and substance reasonably satisfactory to Buyer, the Managing Agents and the Administrative Agent, reaffirming as of the date
of such opinion the opinions of counsel with respect to the Servicer delivered to Buyer, the Managing Agents and the Administrative Agent on the Closing Date. 
 Receivables Sale and Servicing Agreement 
  

 Annex 7.05-3 

 ANNEX X 
 DEFINITIONS 
 [Attached] 

 ANNEX X 
 to 
 THIRD AMENDED AND RESTATED RECEIVABLES SALE AND SERVICING 
 AGREEMENT 
 and 
 THIRD AMENDED AND RESTATED RECEIVABLES FUNDING AND ADMINISTRATION 
 AGREEMENT 
 dated as of 
 January 23, 2009 
 Definitions and Interpretation 
  

			
		  	Annex X

 SECTION 1. Definitions and Conventions. Capitalized terms used in the Sale Agreement (as defined
below) and the Funding Agreement (as defined below) shall have (unless otherwise provided elsewhere therein) the following respective meanings: 
 “Account” shall mean any of the Concentration Account, the Collection Account or the Borrower Account. 
 “Account Agreement” shall mean any of the Borrower Account Agreement, the Collection Account Agreement or the Concentration Account Agreement. 
 “Accounting Based Consolidation Event” shall mean the consolidation, for financial and/or regulatory accounting purposes, of all or any portion of the assets and liabilities of any Conduit Lender that
are the subject of this Agreement or any other Transaction Document with all or any portion of the assets and liabilities of the Managing Agent or any Committed Lender in such Conduit Lender’s Lender Group or any of their affiliates as the
result of the occurrence of any change after the Closing Date in accounting standards or the issuance of any pronouncement, interpretation or release, by any accounting body or any other governmental body charged with the promulgation or
administration of accounting standards, including, without limitation, the Financial Accounting Standards Board, the International Accounting Standards Board, the American Institute of Certified Public Accountants, the Federal Reserve Board of
Governors and the Securities and Exchange Commission. 
 “Accounting Changes” shall mean, with respect to any Person,
(a) changes in accounting principles required by the promulgation of any rule, regulation, pronouncement or opinion of the Financial Accounting Standards Board of the American Institute of Certified Public Accountants (or any successor thereto
or any agency with similar functions); (b) changes in accounting principles concurred with by such Person’s certified public accountants; (c) purchase accounting adjustments under A.P.B. 16 or 17 and EITF 88-16, and the application of
the accounting principles set forth in FASB 109, including the establishment of reserves pursuant thereto and any subsequent reversal (in whole or in part) of such reserves; and (d) the reversal of any reserves established as a result of
purchase accounting adjustments. 
 “Additional Amounts” shall mean any amounts payable to any Affected Party under
Sections 2.09 or 2.10 of the Funding Agreement. 
 “Additional Costs” shall have the meaning assigned to it in
Section 2.09(b) of the Funding Agreement. 
 “Administrative Agent” shall have the meaning set forth in the
preamble of the Funding Agreement. 
 “Administrative Services Agreement” shall mean that certain Ancillary Services
and Lease Agreement dated as of December 10, 1997, between the Borrower and the Parent. 
 “Administrators” shall mean
the YC SUSI Administrator, the MAFC Administrator and any other Person that becomes a party to this Agreement as an “Administrator”. 

 “Advance” shall mean any Revolving Credit Advance or Swing Line Advance, as the context
may require. 
 “Advance Date” shall mean each day on which any Advance is made. 
 “Adverse Claim” shall mean any claim of ownership or any Lien, other than any ownership interest or Lien created under the Sale
Agreement or the Funding Agreement. 
 “Affected Party” shall mean each of the following Persons: each Lender, the
Administrative Agent, each Managing Agent, each Administrator, each Program Support Provider, each Affiliate of the foregoing Persons, and any participant with the rights of a Lender under Section 12.02(c) of the Funding Agreement and
their respective successors, transferees and permitted assigns. 
 “Affiliate” shall mean, with respect to
(a) Borrower, or Parent or any of their Subsidiaries, or any Obligor, each Person that, directly or indirectly, owns or controls, whether beneficially, or as a trustee, guardian or other fiduciary ten percent (10%) or more of the Stock
having ordinary voting power in the election of directors of such Person, or (b) with respect to each Person, including those Persons to which clause (a) is applicable, (i) each Person that controls, is controlled by or is
under common control with such Person, or (ii) each of such Person’s officers, directors, joint venturers and partners. For the purposes of this definition, “control” of a Person shall mean the possession, directly or indirectly,
of the power to direct or cause the direction of its management or policies, whether through the ownership of voting securities, by contract or otherwise. 
 “Agent Account” shall mean account number 12334-52548, Reference: SIT Funding Corporation, established at the Agent Bank in the name of the Administrative Agent. 
 “Agent Bank” means Bank of America. 
 “Agent-Related Persons” means, with respect to any Managing Agent or the Administrative Agent, such Person together with its Affiliates, and the officers, directors, employees, agents and
attorneys-in-fact of such Persons and their respective Affiliates. 
 “Aggregate Commitment” means, at any time, the
aggregate commitment of all Lenders to make Advances, which aggregate commitment shall be Three Hundred Fifty Seven Million Dollars ($357,000,000) on the Closing Date, as such amount may be adjusted, if at all, from time to time in accordance with
the Funding Agreement. 
 “Agreed-Upon Procedures” means the procedures set forth in Schedule B to the Funding
Agreement. 
 “Alternate Rate” means, for any Interest Period for any Portion of Advances, an interest rate per
annum equal to the Applicable Margin above the LIBOR Rate for such Interest Period; provided that in the case of: 
  

	 	(a)	any Interest Period which commences on a date prior to the Administrative Agent receiving at least three (3) Business Days’ notice thereof, or 

  

			
	2	  	Annex X

	 	(b)	any Interest Period relating to a Portion of Advances which is less than $1,000,000, 

 the “Alternate Rate” for each day in such Interest Period shall be an interest rate per annum equal to the Base Rate in effect on such day. 
 “Appendices” shall mean, with respect to any Related Document, all exhibits, schedules, annexes and other attachments thereto, or
expressly identified thereto. 
 “Applicable Margin” shall have the meaning assigned to it in the Fee Letters. 

“Assignment Agreement” shall mean an assignment agreement in the form of Exhibit 12.02 attached to the Funding Agreement.

 “Assignment Amount” means, with respect to a Committed Lender at the time of any assignment pursuant to
Section 13.01, an amount equal to the least of (a) such Committed Lender’s pro rata share of the Advances requested by the Discretionary Lender in its Lender Group to be assigned at such time; (b) such Committed
Lender’s unused Commitment (minus the unrecovered principal amount of such Committed Lender’s fundings pursuant to the Program Support Agreement to which it is a party) and (c) in the case of an assignment on or after the applicable
Conduit Investment Termination Date, an amount equal to the sum of such Committed Lender’s pro rata share of the Lender Group Percentage of (i) the aggregate Outstanding Balance of the Receivables (other than Defaulted Receivables),
plus (ii) all Collections received by the Servicer but not yet remitted by the Servicer to the Agent, plus (iii) any amounts required to be paid to the Borrower by the Originators at such time under the Sale Agreement.

 “Assignment and Acceptance Agreement” shall have the meaning assigned to it in the Recitals of the Funding Agreement.

 “Authorized Officer” shall mean, with respect to any corporation or limited liability company, the Chairman or
Vice-Chairman of the Board, the President, any Vice President, the General Counsel, the Secretary, the Treasurer, the Controller, any Assistant Secretary, any Assistant Treasurer, any manager or managing member and each other officer of such
corporation or limited liability company specifically authorized to sign agreements, instruments or other documents on behalf of such corporation or limited liability company in connection with the transactions contemplated by the Sale Agreement,
the Funding Agreement and the other Related Documents. 
 “Available Amounts” shall have the meaning assigned to it in
Section 12.15 of the Funding Agreement. 
 “Bank” shall mean any of the Concentration Account Bank, the
Collection Account Bank or the Borrower Account Bank. 
  

			
	3	  	Annex X

 “Bank of America Committed Lender” shall mean Bank of America, N.A. and each other
Lender party hereto from time to time as a “Bank of America Committed Lender”. 
 “Bank of America Discretionary
Lender” shall mean YC SUSI and each Conduit Assignee thereof. 
 “Bank of America Fee Letter” shall mean that
certain letter agreement, dated the Closing Date, between the Parent, the Borrower, the Administrative Agent and Banc of America Securities, LLC. 
 “Bank of America Lender Group” shall mean the YC SUSI Administrator, Bank of America, N.A., as Managing Agent, Bank of America Committed Lenders and Bank of America Discretionary Lenders. 
 “Bankruptcy Code” shall mean the provisions of title 11 of the United States Code, 11 U.S.C. § § 101 et seq.

 “Base Rate” means, for any day, a fluctuating rate per annum equal to the higher of (a) the Federal Funds Rate for
such day, plus 0.50% and (b) the rate of interest in effect for such day as publicly announced from time to time by the applicable Managing Agent as its “prime rate”. The “prime rate” is a rate set by the applicable
Managing Agent based upon various factors including such Managing Agent’s costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above, or below
such announced rate. Any change in the prime rate announced by a Managing Agent shall take effect at the opening of business on the day specified in the public announcement of such change. 
 “Base Rate Advance” shall mean an Advance or portion thereof bearing interest by reference to the Base Rate. 
 “Billed Amount” shall mean, with respect to any Receivable, the amount billed on the Billing Date to the Obligor thereunder. 

“Billing Date” shall mean, with respect to any Receivable, the date on which the invoice with respect thereto was generated.

 “BK Obligor” means an Obligor that is (i) unable to make payment of its obligations when due, (ii) a debtor in
a voluntary or involuntary bankruptcy proceeding, or (iii) the subject of a comparable receivership or insolvency proceeding, unless, in the case of a bankruptcy proceeding in clause (ii) or (iii), the applicable Originator has been
designated as a “critical vendor” and the Obligor thereunder has obtained (x) in the case of any Receivable originated pre-petition, a final court order approving the payment of the pre-petition claims of such Originator on an
administrative priority basis or (y) in the case of any Receivable originated post-petition, (A) a final court order approving the payment of the post-petition claims of such Originator on an administrative priority basis and (B) a
debtor-in-possession financing facility and management of the applicable Originator reasonably believes that such financing will be available to pay the Receivables owing by such Obligor, and, in any such case, such Obligor has agreed post-petition
to pay the Receivables owing by such Obligor on a current basis in accordance with its terms. 
  

			
	4	  	Annex X

 “Borrower” shall have the meaning assigned to it in the preamble to the Funding
Agreement. 
 “Borrower Account” shall mean that certain deposit account identified as the “Borrower Account” on
Schedule 4.01(q) to the Funding Agreement, maintained by the Borrower at the Borrower Account Bank, which account shall be subject to a Borrower Account Agreement. 
 “Borrower Account Agreement” shall mean any agreement among the Borrower, the Administrative Agent, and the Borrower Account Bank with respect to the Borrower Account that provides, among other
things, that (a) all items of payment deposited in the Borrower Account are held by the Borrower Account Bank as custodian for the Administrative Agent, (b) the Borrower Account Bank has no rights of setoff or recoupment or any other claim
against the Borrower Account, as the case may be, other than for payment of its service fees and other charges directly related to the administration of the Borrower Account and for returned checks or other items of payment and (c) after notice
from the Administrative Agent to the Borrower Account Bank, the Borrower Account Bank agrees to forward all Collections received in the Borrower Account to the Collection Account within one Business Day of receipt, and is otherwise in form and
substance acceptable to the Administrative Agent. 
 “Borrower Account Bank” shall mean the bank or other financial
institution at which the Borrower Account is maintained, which shall initially be Bank of America, N.A. 
 “Borrower Account
Collateral” shall have the meaning assigned to it in Section 7.01(c) of the Funding Agreement. 
 “Borrower
Assigned Agreements” shall have the meaning assigned to it in Section 7.01(b) of the Funding Agreement. 
 “Borrower Collateral” shall have the meaning assigned to it in Section 7.01 of the Funding Agreement. 
 “Borrower Obligations” shall mean all loans, advances, debts, liabilities, indemnities and obligations for the performance of covenants, tasks or duties or for payment of monetary amounts (whether or not such performance is
then required or contingent, or such amounts are liquidated or determinable) owing by the Borrower to any Affected Party under the Funding Agreement, any other Related Document and any document or instrument delivered pursuant thereto, and all
amendments, extensions or renewals thereof, and all covenants and duties regarding such amounts, of any kind or nature, present or future, whether or not evidenced by any note, agreement or other instrument, arising thereunder, including the
Outstanding Principal Amount, interest, fees, amounts payable in respect of Funding Excess, Successor Servicing Fees and Expenses, Additional Amounts, Additional Costs, Indemnified Amounts, and including the “Borrower Obligations” under,
and as defined in, the Existing Receivables Purchase Agreement. This term includes all principal, interest (including all interest that accrues after the commencement of any case or proceeding by or against the Borrower 
  

			
	5	  	Annex X

 in bankruptcy, whether or not allowed in such case or proceeding), fees, charges, expenses, attorneys’ fees and any
other sum chargeable to the Borrower under any of the foregoing, whether now existing or hereafter arising, voluntary or involuntary, whether or not jointly owed with others, direct or indirect, absolute or contingent, liquidated or unliquidated,
and whether or not from time to time decreased or extinguished and later increased, created or incurred, and all or any portion of such obligations that are paid to the extent all or any portion of such payment is avoided or recovered directly or
indirectly from any Secured Party or any assignee of any Secured Party as a preference, fraudulent transfer or otherwise. 
 “Borrowing” shall mean (i) the Revolving Credit Advances of the Lenders (other than the Swing Line Lender), and (ii) each Swing Line Advance made by the Swing Line Lender. 
 “Borrowing Base” shall mean, as of any date of determination, the amount equal to the lesser of: 
  

	 	(a)	the Maximum Advances Outstanding, 

 and 
  

	 	(b)	an amount equal to the positive difference, if any, of: 

  

	 	(i)	the product of (1) the Dynamic Advance Rate multiplied by (2) the Net Receivables Balance, 

 minus 
  

	 	(ii)	the sum of (W) the Interest Reserve, (X) the Servicing Fee Reserve, and (Y) such other reserves as the Administrative Agent may determine from time to time based upon
its reasonable credit judgment; 

 in each case as disclosed in the most recently submitted Borrowing Base Certificate or Borrowing Request or
as otherwise determined by the Administrative Agent based on Borrower Collateral information available to it, including any information obtained from any audit or from any other reports with respect to the Borrower Collateral, which determination
shall be final, binding and conclusive on all parties to the Funding Agreement (absent manifest error). 
 “Borrowing Base
Certificate” shall have the meaning assigned to it in Section 5.02(b) of the Funding Agreement. 
 “Borrowing
Request” shall have the meaning assigned to it in Section 2.03(a) of the Funding Agreement. 
 “Breakage
Costs” shall have the meaning assigned to it in Section 2.10 of the Funding Agreement. 
  

			
	6	  	Annex X

 “Business Day” shall mean any day that is not a Saturday, a Sunday or a day on which
banks are required or permitted to be closed in Charlotte, North Carolina, the State of New York or, with respect to any remittances to be made by the Concentration Account Bank to the Concentration Account, in the jurisdiction in which the Account
maintained by such Bank is located. 
 “Buyer” shall have the meaning assigned to it in the preamble to the Sale
Agreement. 
 “Buyer Available Amounts” shall have the meaning assigned to it in Section 6.15 of the Sale
Agreement. 
 “Buyer Indemnified Person” shall have the meaning assigned to it in Section 5.01 of the Sale
Agreement. 
 “Canadian Subsidiary” shall have the meaning set forth in Annex A to the Credit Agreement. 
 “Capital Lease” shall mean, with respect to any Person, any lease of any property (whether real, personal or mixed) by such Person as
lessee that, in accordance with GAAP, would be required to be classified and accounted for as a capital lease on a balance sheet of such Person. 
 “Capital Lease Obligation” shall mean, with respect to any Capital Lease of any Person, the amount of the obligation of the lessee thereunder that, in accordance with GAAP, would appear on a balance sheet of such lessee in
respect of such Capital Lease. 
 “Change of Control” shall mean any event, transaction or occurrence after the Closing Date
as a result of which (a) any person or group of persons (within the meaning of the Securities Exchange Act of 1934, as amended) shall have acquired beneficial ownership (within the meaning of Rule 13d-3 promulgated by the Securities Exchange
Commission under the Securities Exchange Act of 1934, as amended) of a greater percentage of the issued and outstanding shares of Stock of the Parent having the right to vote for the election of directors of the Parent under ordinary circumstances
than indirectly owned by the Mitac Group; (b) during any period of twelve (12) consecutive calendar months ending after the Closing Date, individuals who at the beginning of such twelve-month period constituted the board of directors of
the Parent (together with any new directors whose election by the board of directors of the Parent or whose nomination for election by the Stockholders of the Parent was approved by a vote of at least two-thirds the directors then in office who
either were directors at the beginning of such period or whose election or nomination for election was previously so approved) cease for any reason other than death or disability to constitute a majority of the directors then in office; (c) the
Parent ceases to own and control, directly or indirectly, all of the economic and voting rights associated with all of the outstanding Stock, directly or indirectly, of any Originator (other than Parent) or the Borrower; or (d) any Transaction
Party has sold, transferred, conveyed, assigned or otherwise disposed of all or substantially all of its assets (other than such a sale of assets from one Originator to another Originator). 
  

			
	7	  	Annex X

 “Charge-Off’ shall mean the extent to which any Transferred Receivable is subject to any
Dilution Factor described in clause (a) of the definition thereof. 
 “Charges” shall mean (i) all federal,
state, provincial, county, city, municipal, local, foreign or other governmental taxes (including taxes owed to the PBGC at the time due and payable); (ii) all levies, assessments, charges, or claims of any governmental entity or any claims of
statutory lienholders, the nonpayment of which could give rise by operation of law to a Lien on Borrower Collateral or any other property of the Borrower or any Originator and (iii) any such taxes, levies, assessment, charges or claims which
constitute a lien or encumbrance on any property of the Borrower or any Originator. 
 “Class” means, with respect to an
Obligor, at any time of determination the classification of such Obligor as a “Class A Obligor”, “Class B Obligor”, “Class C Obligor” or “Class D Obligor”. 
 “Class A Obligor”, “Class B Obligor”, “Class C Obligor” and “Class D Obligor”,
respectively, shall mean, as of any date of determination, an Obligor having a short-term rating or unsecured long-term debt rating or both a short-term rating and an unsecured long-term rating from either of Moody’s or S&P as determined in
the following manner: 
  

					
	 Class of Obligor
	  	 Short-Term
 Rating
	    	 Long-Term
Rating of Obligor

	 Class A Obligor
	  	A-1/P-1	    	A/A2 or higher
	 Class B Obligor
	  	A-2/P-2	    	A- or BBB+/A3 or Baa1 (but lower than A/A2)
	 Class C Obligor
	  	A-3/P-3	    	BBB or BBB-/Baa2 or Baa3 (but lower than BBB+/Baa1)
	 Class D Obligor
	  	Lower than A-3/P-3 or Not Rated	    	Lower than BBB-/Baa3 or Not Rated

 “Class of Obligor” for any Obligor shall be determined by the Administrative
Agent as follows: (i) the short term rating issued by S&P for such Obligor shall be used to determine the “Class of Obligor”; provided that if such short-term rating is unavailable, the long-term unsecured rating issued by
S&P for the Obligor shall be used, (ii) concomitantly with (i), the short-term rating issued by Moody’s for such Obligor shall be used to determine the “Class of Obligor”; provided that if such short-term rating is
unavailable, the long-term unsecured rating issued by Moody’s for the Obligor shall be used, and (iii) only if there is a difference between the “Class of Obligor” indicated in (i) and (ii), determined concomitantly, then
the Obligor shall be deemed a member of the lower of the determined “Class of Obligor”. 
 “Closing Date” shall
mean January 23, 2009. 
 “Collection Account” shall mean that certain account established by the Borrower pursuant to
Section 6.01(b) of the Funding Agreement and maintained by the Borrower at the Collection Account Bank, which account shall be subject to a Collection Account Agreement. 
  

			
	8	  	Annex X

 “Collection Account Agreement” shall mean any agreement among the Borrower, the
Administrative Agent, and the Collection Account Bank with respect to the Collection Account that provides, among other things, that (a) all items of payment deposited in the Collection Account are held by the Collection Account Bank as
custodian for the Administrative Agent and (b) the Collection Account Bank has no rights of setoff or recoupment or any other claim against the Borrower Account other than for payment of its service fees and other charges directly related to
the administration of the Borrower Account and for returned checks or other items of payment, and is otherwise in form and substance acceptable to the Administrative Agent. 
 “Collection Account Bank” shall mean the bank or other financial institution at which the Collection Account is maintained. 

“Collections” shall mean, with respect to any Transferred Receivable, all cash collections and other proceeds of such Receivable
(including late charges, fees and interest arising thereon, and all recoveries with respect to any Transferred Receivable which has been written off as uncollectible). 
 “Commercial Paper” means the promissory notes issued or to be issued by a Conduit Lender (or its related commercial paper issuer if such Conduit Lender does not itself issue commercial paper) in the
commercial paper market. 
 “Commitment” shall mean as to any Committed Lender (other than the Swing Line Lender), the
aggregate commitment of such Committed Lender to make Revolving Credit Advances as set forth in the signature page to the Funding Agreement or in the most recent Assignment Agreement executed by such Lender, as such amount may be adjusted, if at
all, from time to time in accordance with the Funding Agreement. 
 “Committed Lenders” shall mean, (a) for the Bank of
America Lender Group, the Bank of America Committed Lender, (b) for the SMBC Lender Group, the SMBC Committed Lender, (c) any other Person that shall become a party to the Funding Agreement in the capacity as a “Committed
Lender”, and, in each case, successors and permitted assigns. 
 “Concentration Account” shall mean that certain
account established by the Borrower pursuant to Section 6.01(a) of the Funding Agreement and maintained by the Borrower at the Concentration Account Bank, which account shall be subject to a Concentration Account Agreement. 

“Concentration Account Agreement” shall mean any agreement among the Borrower, the Administrative Agent and the Concentration Account
Bank with respect to one or more Lockboxes and the Concentration Account that provides, among other things, that (a) all items of payment deposited in such Lockboxes and Concentration Account are held by the Concentration Account Bank as
custodian for the Administrative Agent and (b) the Concentration Account Bank has no rights of setoff or recoupment or any other claim against the Concentration Account, other than for payment of its service fees and other charges directly
related to the administration of the Concentration Account and for returned checks or other items of payment and is otherwise in form and substance acceptable to the Administrative Agent. 
  

			
	9	  	Annex X

 “Concentration Account Bank” shall mean the bank or other financial institution at which
the Concentration Account is maintained. 
 “Concentration Percentage” shall mean, as of any date of determination, for the
Obligors comprising each Class of Obligor specified in the table below, on an individual basis, a percentage not to exceed the corresponding “Individual Obligor Percentage”, subject to adjustment for any Special Obligors as approved by the
Administrative Agent with the consent of the Requisite Lenders. 
  

			
	 Class of Obligor
	  	Individual Obligor
Percentage
	 Class A
	  	15.00%
	 Class B
	  	7.50%*
	 Class C
	  	5.00%
	 Class D
	  	4.50%

  

	*	provided that one Class B Obligor may have an Individual Obligor Percentage of up to 10.0%. 

 “Conduit Assignee” means, with respect to any Conduit Lender, any special purpose entity that finances its activities directly or
indirectly through asset backed commercial paper and is administered by the same Administrator as such Conduit Lender (or an Affiliate of such Administrator consented to by the Borrower) and designated by such Administrator from time to time to
accept an assignment from such Conduit Lender of all or a portion of its interest under the Funding Agreement. 
 “Conduit Investment
Termination Date” shall mean, with respect to any Conduit Lender, the date of the delivery by such Conduit Lender to the Borrower of written notice that such Conduit Lender elects, in its sole discretion, to permanently cease to fund
Advances hereunder. 
 “Conduit Lender” shall mean YC SUSI, Manhattan Asset Funding Company, any other Person that shall
become a party to this Agreement in the capacity as a “Conduit Lender” and any Conduit Assignee of any of the foregoing. 
 “Contract” shall mean any agreement or invoice pursuant to, or under which, an Obligor shall be obligated to make payments with respect to any Receivable. 
 “Contributed Receivables” shall have the meaning assigned to it in Section 2.01(d) of the Sale Agreement. 
 “Convertible Senior Notes” shall mean those certain convertible senior notes issued by the Parent with a final maturity date of not less
than ten (10) years from the date of issuance, in an amount not to exceed $150,000,000 with an interest rate up to 5.5% and subject to the terms set forth in the Convertible Senior Notes Offering Memorandum. 
  

			
	10	  	Annex X

 “Convertible Senior Notes Offering Memorandum” shall mean that certain draft Offering
Memorandum, dated May 5, 2008, together with any immaterial changes (including, without limitation, (x) the months during the year during which semiannual payments are required to be made and (y) the principal amount of the
Convertible Senior Notes, provided that the principal amount, including any exercised or available over-allotments, shall not exceed $150,000,000) made to subsequent versions of, and the final, Offering Memorandum. 
 “CP Rate” shall mean, for any Interest Period for any Portion of Advances funded by a particular Conduit Lender, the per annum
rate equivalent to the sum of the Applicable Margin plus the weighted average cost (as determined by the related Administrator and including incremental carrying costs incurred with respect to Commercial Paper maturing on dates other than
those on which corresponding funds are received by such Conduit Lender, other borrowings by such Conduit Lender (other than under any Program Support Agreement) and any other costs associated with the issuance of Commercial Paper, including dealer
fees and placement agent commissions) of or related to the issuance of Commercial Paper that are allocated, in whole or in part, by such Conduit Lender or its Administrator to fund or maintain such Portion of Advances (and which may be also
allocated in part to the funding of other assets of such Conduit Lender); provided that if any component of such rate is a discount rate, in calculating the “CP Rate” for such Portion of Advances for such Interest Period,
such Conduit Lender shall for such component use the rate resulting from converting such discount rate to an interest bearing equivalent rate per annum. 
 “Credit Agreement” shall mean that certain Third Amended and Restated Credit Agreement, dated as of January 23, 2009, among Parent, Bank of America, National Association, as administrative agent,
and the financial institutions from time to time party thereto as lenders and as in effect on Closing Date together with all amendments, restatements, supplements or modifications thereto that are in effect on the Closing Date or adopted from time
to time thereafter to the extent not prohibited under the Related Documents, and any refinancings, replacements or refundings thereof that (a) are agreed to by the Administrative Agent and Requisite Lenders or (b) (i) have terms and
conditions no less favorable (as determined by the Administrative Agent, in the exercise of its reasonable credit judgment) to the Administrative Agent or any Lender than the terms and conditions of the existing Credit Agreement and (ii) with
respect to which an intercreditor agreement having terms and conditions acceptable to the Administrative Agent and the Lenders is in full force and effect. 
 “Credit and Collection Policies” shall mean the written credit, collection, customer relations and service policies of the Originators in effect on the Closing Date and attached as Exhibit A to
the Funding Agreement, as the same may from time to time be amended, restated, supplemented or otherwise modified with the prior written consent of the Requisite Lenders. 
 “Daily Report” shall have the meaning assigned to it in paragraph (a) of Annex 5.02(a) to the Funding Agreement. 
 “Debt” of any Person shall mean, without duplication, (a) all indebtedness of such Person for borrowed money or for the deferred
purchase price of property or services payment for which is deferred more than 90 days, but excluding obligations to trade 

  

			
	11	  	Annex X

 
creditors incurred in the ordinary course of business that are not overdue by more than 90 days unless being contested in good faith, (b) all
reimbursement and other obligations with respect to letters of credit, bankers’ acceptances and surety bonds, whether or not matured, (c) all obligations evidenced by notes, bonds, debentures or similar instruments, (d) all
indebtedness created or arising under any conditional sale or other title retention agreement with respect to property acquired by such Person (even though the rights and remedies of the seller or lender under such agreement in the event of default
are limited to repossession or sale of such property), (e) all Capital Lease Obligations, (f) all obligations of such Person under commodity purchase or option agreements or other commodity price hedging arrangements, in each case whether
contingent or matured, (g) all obligations of such Person under any foreign exchange contract, currency swap agreement, interest rate swap, cap or collar agreement or other similar agreement or arrangement designed to alter the risks of that
Person arising from fluctuations in currency values or interest rates, in each case whether contingent or matured, (h) all liabilities of such Person under Title IV of ERISA, (i) all Guaranteed Indebtedness of such Person, (j) all
indebtedness referred to in clauses (a) through (i) above secured by (or for which the holder of such indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien upon or in property or other assets
(including accounts and contract rights) owned by such Person, even though such Person has not assumed or become liable for the payment of such indebtedness, (k) all “Indebtedness” as such term is defined in the Credit Agreement,
(1) all “Loans” and other obligations of the Parent and its Subsidiaries under the Credit Agreement (which shall only be Debt of the Parent, its Subsidiaries and any Person who guarantees such Debt), and (m) the Borrower
Obligations. 
 “Debtor Relief Laws” means any applicable liquidation, conservatorship, bankruptcy, moratorium,
rearrangement, insolvency, fraudulent conveyance, reorganization, or similar laws affecting the rights, remedies, or recourse of creditors generally, including the Bankruptcy Code and all amendments thereto, as are in effect from time to time.

 “Default Rate” means, for any period, the applicable Base Rate for such period plus the Applicable Margin. 
 “Default Ratio” shall mean, as of any date of determination, the ratio (expressed as a percentage) of: 
 (a) the sum of (without duplication) (i) the aggregate Outstanding Balance of all Transferred Receivables which became Defaulted Receivables during
the Settlement Period immediately preceding such date and (ii) with respect to any Obligor that, during the Settlement Period immediately preceding such date, became (A) a debtor in a voluntary or involuntary bankruptcy proceeding, or
(B) the subject of a comparable receivership or insolvency proceeding, the aggregate Outstanding Balance of Transferred Receivables owing by such Obligor that were owing by such Obligor before such Obligor became (x) a debtor in a
voluntary or involuntary bankruptcy proceeding, or (y) the subject of a comparable receivership or insolvency, 
 to 

(b) the aggregate Outstanding Balance of all Transferred Receivables originated during the Settlement Period which ended three (3) months prior
to the last day of the Settlement Period immediately preceding such date. 
  

			
	12	  	Annex X

 “Default Trigger Ratio” shall mean, as of any date of determination, the ratio
(expressed as a percentage) of: 
 (a) the aggregate Outstanding Balance of all Defaulted Receivables as of the last day of the three
Settlement Periods immediately preceding such date; 
 to 
 (b) the aggregate Outstanding Balance of all Transferred Receivables originated during the fourth, fifth and sixth Settlement Periods immediately
preceding such date. 
 “Defaulted Receivable” shall mean any Transferred Receivable (a) with respect to which any
payment, or part thereof, remains unpaid from 91 to 120 days after its Billing Date, (b) with respect to which the Obligor thereunder is a BK Obligor or (c) that otherwise has been or should be written off in accordance with the Credit and
Collection Policies. 
 “Delinquency Ratio” shall mean, as of any date of determination, the ratio (expressed as a
percentage) of: 
 (a) the aggregate Outstanding Balance of all Transferred Receivables with respect to which any payment, or part thereof,
remains unpaid from 61 to 90 days after its Billing Date 
 to 
 (b) the aggregate Outstanding Balance of all Transferred Receivables originated during the Settlement Period which ended two (2) months prior to the
last day of the Settlement Period immediately preceding such date. 
 “Delinquency Trigger Ratio” shall mean, as of any date
of determination, the ratio (expressed as a percentage) of: 
 (c) the aggregate Outstanding Balance of Transferred Receivables on the first
day of the three (3) Settlement Periods immediately preceding such date with respect to which any payment, or part thereof, remains unpaid from 61 to 90 days after its Billing Date 
 to 
 (d) the aggregate Billed Amount
for all Transferred Receivables originated during the second, third and fourth Settlement Periods immediately preceding such date. 
 “Dilution Factors” shall mean, with respect to any Transferred Receivable, any portion of which (a) was reduced, canceled or written-off as a result of (i) any credits, rebates, freight charges, cash discounts,
volume discounts, cooperative advertising 
  

			
	13	  	Annex X

 expenses, royalty payments, warranties, cost of parts required to be maintained by agreement (either express or implied),
allowances for early payment, warehouse and other allowances, defective, rejected, returned or repossessed merchandise or services, or any failure by any Originator to deliver any merchandise or services or otherwise perform under the underlying
Contract or invoice, (ii) any change in or cancellation of any of the terms of the underlying Contract or invoice or any cash discount, rebate, retroactive price adjustment or any other adjustment by the applicable Originator which reduces the
amount payable by the Obligor on the related Receivable, or (iii) any setoff in respect of any claim by the Obligor thereof (whether such claim arises out of the same or a related transaction or an unrelated transaction) or (b) is subject
to any specific dispute, offset, counterclaim or defense whatsoever (except discharge in bankruptcy of the Obligor thereof); provided that the Dilution Factors shall not be deemed to include any write-offs of Defaulted Receivables.

 “Dilution Horizon Factor” shall mean, as of any date of determination, (x) the aggregate principal amount of
Transferred Receivables originated during the two most recent Settlement Periods preceding such date divided by (y) the Net Receivables Balance as of the end of the Settlement Period immediately preceding such date. 
 “Dilution Ratio” shall mean, as of any date of determination, the ratio (expressed as a percentage) of: 
 (a) the aggregate Dilution Factors for all Transferred Receivables during the Settlement Period immediately preceding such date 
 to 
 (b) the aggregate Billed Amount
of all Transferred Receivables originated during the second Settlement Period immediately preceding such date. 
 “Dilution Reserve
Ratio” shall mean, as of any date of determination, the ratio (expressed as a percentage) calculated in accordance with the following formula: 
 DRR = (2.25 × ADR) + [(HDR – ADR) × (HDR ÷ ADR)] × DHF 
 where 
  

					
		 	DRR =	 	the Dilution Reserve Ratio;
			
		 	ADR =	 	the average of the Dilution Ratios occurring during the twelve most recent calendar Settlement Periods preceding such date;
			
		 	HDR =	 	the highest Dilution Ratio occurring during the twelve most recent Settlement Periods preceding such date; and
			
		 	DHF =	 	the Dilution Horizon Factor.

  

			
	14	  	Annex X

 “Dilution Trigger Ratio” shall mean, as of any date of determination, the ratio
(expressed as a percentage) of: 
 (a) the aggregate Dilution Factors for all Transferred Receivables for the three Settlement Periods
immediately preceding such date 
 to 
 (b) the aggregate Billed Amount for all Transferred Receivables originated during the second, third and fourth Settlement Periods immediately preceding such date. 
 “Discretionary Lenders” shall mean the SMBC Discretionary Lender, the Bank of America Discretionary Lender and each other Person that
shall become a party to the Funding Agreement in the capacity as a “Discretionary Lender”, and, in each case, successors and permitted assigns. 
 “Dollars” or “$” shall mean lawful currency of the United States of America. 
 “Dynamic Advance Rate” shall mean, as of any date of determination, a percentage equal to 100% minus the greater of (i) the Minimum Reserve Ratio and (ii) the sum of the Loss Reserve Ratio and the Dilution Reserve
Ratio as of such date. 
 “Effective Date” shall have the meaning assigned to it in Section 3.01 of the Funding
Agreement. 
 “Election Notice” shall have the meaning assigned to it in Section 2.01(d) of the Sale Agreement.

 “Eligible Receivable” shall mean, as of any date of determination, a Transferred Receivable: 
 (a) (i) that is due and payable within 120 days after its Billing Date and (ii) with respect to which no payment or part thereof remains unpaid for
more than 90 days after its Billing Date; provided further, for purposes of clarification, that any Transferred Receivable shall be deemed an Eligible Receivable within the first 90 days after its Billing Date subject to the remaining
qualifications hereunder; 
 (b) that is not a liability of an Excluded Obligor or an Obligor with respect to which more than 50% of the
aggregate Outstanding Balance of all Receivables owing by such Obligor are more than 90 days after its Billing Date; 
 (c) that is not a
liability of an Obligor organized under the laws of any jurisdiction outside of the United States of America (including the District of Columbia but otherwise excluding its territories and possessions); 
 (d) that is denominated and payable in Dollars in the United States of America and is not represented by a note or other negotiable instrument or by
chattel paper; 
 (e) that is not subject to any right of rescission, dispute, offset (including as a result of customer promotional
allowances, discounts, rebates, or claims for damages), hold back defense, adverse claim or other claim (with only the portion of any such 
  

			
	15	  	Annex X

 Receivable subject to any such right of rescission, dispute, offset (including as a result of customer promotional
allowances, discounts, rebates, or claims for damages), hold back defense, adverse claim or other claim being considered an Ineligible Receivable by virtue of this clause (e)), whether arising out of transactions concerning the Contract
therefor or otherwise; 
 (f) with respect to which the Obligor thereunder is not a BK Obligor; 
 (g) that is not an Unapproved Receivable; 
 (h) that does not represent “billed but not yet shipped” goods or merchandise, partially performed or unperformed services, consigned goods or “sale or return” goods and does not arise from a transaction for which any
additional performance by the Originator thereof, or acceptance by or other act of the Obligor thereunder, including any required submission of documentation, remains to be performed as a condition to any payments on such Receivable or the
enforceability of such Receivable under applicable law; 
 (i) as to which the representations and warranties set forth in Sections
4.01(v)(ii) through (iv) of the Sale Agreement are true and correct in all respects as of the Transfer Date therefor; 
 (j)
that is not the liability of an Obligor that has any claim of a material nature against or affecting the Originator thereof or the property of such Originator which gives rise to a right of set-off against such Receivable (with only that portion of
Receivables owing by such Obligor equal to the amount of such claim being an Ineligible Receivable); provided that claims which arise in the ordinary course of business and are properly reflected in contra accounts on the books and records of
the Originators, the Borrower and the Servicer shall not cause an otherwise Eligible Receivable to become ineligible under this clause (j) but shall instead cause a reduction in the Outstanding Balance of such Eligible Receivables for
all computational purposes under the Related Documents; 
 (k) that was originated in accordance with and satisfies in all material respects
all applicable requirements of the Credit and Collection Policies; 
 (l) that represents the genuine, legal, valid and binding obligation of
the Obligor thereunder enforceable by the holder thereof in accordance with its terms (and which, for the avoidance of doubt, is not in any way a limited obligation of the related Obligor (e.g., limited to collections received by such Obligor from
its own accounts receivable)); 
 (m) that is entitled to be paid pursuant to the terms of the Contract therefor and has not been paid in
full or been compromised, adjusted, extended, reduced, satisfied, subordinated, rescinded or modified (except for adjustments to the Outstanding Balance thereof to reflect Dilution Factors made in accordance with the Credit and Collection Policies);

 (n) that does not contravene in any material respect any laws, rules or regulations applicable thereto (including laws, rules and
regulations relating to usury, consumer protection, truth in lending, fair credit billing, fair credit reporting, equal credit opportunity, fair debt collection practices and privacy) and with respect to which no party to the Contract therefor is in
violation of any such law, rule or regulation that, in each case, could reasonably be expected to have a material adverse effect on the collectibility, value or payment terms of such Receivable; 
  

			
	16	  	Annex X

 (o) with respect to which no proceedings or investigations are pending or threatened before any
Governmental Authority (i) asserting the invalidity of such Receivable or the Contract therefor, (ii) asserting the bankruptcy or insolvency of the Obligor thereunder; unless, in the case of a bankruptcy proceeding, the applicable
Originator has been designated as a “critical vendor” and the Obligor thereunder has obtained (A) in the case of any Receivable originated pre-petition, a final court order approving the payment of the pre-petition claims of such
Originator on an administrative priority basis or (B) in the case of any Receivable originated post-petition, (1) a final court order approving the payment of the post-petition claims of such Originator on an administrative priority basis
and (2) a debtor-in-possession financing facility and management of the applicable Originator reasonably believes that such financing will be available to pay the Receivables owing by such Obligor, and, in any such case, such Obligor has agreed
post-petition to pay the Receivables owing by such Obligor on a current basis in accordance with its terms, (iii) seeking payment of such Receivable or payment and performance of such Contract or (iv) seeking any determination or ruling
that could reasonably be expected to materially and adversely affect the validity or enforceability of such Receivable or such Contract; 
 (p) (i) that is an “account” within the meaning of the UCC (or any other applicable legislation) of the jurisdictions in which the each of the Originators, the Parent and the Borrower are organized and in which chief executive
offices of each of the Originators, the Parent and the Borrower are located and (ii) under the terms of the related Contract, the right to payment thereof may be freely assigned, including as a result of compliance with applicable law (or with
respect to which, the prohibition on the assignment of rights to payment are made fully ineffective under applicable law); 
 (q) that is
payable solely and directly to an Originator and not to any other Person (including any shipper of the merchandise or goods that gave rise to such Receivable), except to the extent that payment thereof may be made to a Lockbox or otherwise as
directed pursuant to Article VI of the Funding Agreement; 
 (r) with respect to which all material consents, licenses, approvals or
authorizations of, or registrations with, any Governmental Authority required to be obtained, effected or given in connection with the creation or assignment of such Receivable or the Contract therefor have been duly obtained, effected or given and
are in full force and effect (including approvals by the United States Government of the assignment of the Originator’s government contracts; provided that up to 5% of the Net Receivables Balance may be government contracts for which the
Originator has not obtained the approvals of the United States Government); 
 (s) that is created through the provision of merchandise,
goods or services by the Originator thereof in the ordinary course of its business; 
  

			
	17	  	Annex X

 (t) that is not the liability of an Obligor that, under the terms of the Credit and Collection Policies,
is receiving or should receive merchandise, goods or services on a “cash on delivery” basis; 
 (u) that does not constitute a
rebilled amount arising from a deduction taken by an Obligor with respect to a previously arising Receivable; 
 (v) as to which the Borrower
has a first priority perfected ownership interest and in which the Administrative Agent has a first priority perfected security interest, in each case not subject to any Lien, right, claim, security interest or other interest of any other Person
(other than, in the case of the Borrower, the Lien of the Administrative Agent for the benefit of the Secured Parties); 
 (w) to the extent
such Transferred Receivable represents sales tax or a vendor pass-through payment, such portion of such Receivable shall not be an Eligible Receivable; 
 (x) that does not represent the balance owed by an Obligor on a Receivable in respect of which the Obligor has made partial payment; 
 (y) with respect to which no check, draft or other item of payment was previously received that was returned unpaid or otherwise; 
 (z) with respect to which, if such Receivable is a Financing Receivable, the Obligor under such Financing Receivable has entered into an intercreditor agreement with Bank of America, N.A., Synnex and Borrower, in form
and substance satisfactory to the Administrative Agent and the agent under the Credit Agreement; 
 (aa) that is not a Receivable of an
Obligor with respect to which the Parent (or any Affiliate thereof) performs servicing duties as agent for such Obligor with respect to such Obligor’s own accounts receivable, if any portion of the Outstanding Balance of such Receivable causes
the aggregate Outstanding Balance of all such Receivables in the Borrower Collateral to exceed 5% of the Net Receivables Balance; 
 (bb)
that is not a Receivable the Obligor of which is Apptis Inc., except as expressly permitted in writing by the Requisite Lenders; 
 (cc) that
do not arise under partially performed or unperformed Contracts for services or the delivery of goods or merchandise; and 
 (dd) that
complies with such other criteria and requirements as the Administrative Agent in its reasonable credit judgment may from time to time specify to the Borrower or the Originator thereof upon not less than ten Business Days prior written notice.

 “ERISA” shall mean the Employee Retirement Income Security Act of 1974 and any regulations promulgated thereunder.

  

			
	18	  	Annex X

 “ERISA Affiliate” shall mean, with respect to any Originator, any trade or business
(whether or not incorporated) that, together with such Originator, are treated as a single employer within the meaning of Sections 414(b), (c), (m) or (o) of the IRC. 
 “ERISA Event” shall mean, with respect to any Originator or any ERISA Affiliate, the occurrence of one or more of the following events:
(a) any event described in Section 4043(c) of ERISA with respect to a Title IV Plan unless the 30-day requirement with respect thereto has been waived pursuant to the regulations under Section 4043 of ERISA; (b) the withdrawal of
any Originator or ERISA Affiliate from a Title IV Plan subject to Section 4063 of ERISA during a plan year in which it was a “substantial employer,” as defined in Section 4001(a)(2) of ERISA; (c) the complete or partial
withdrawal of any Originator or any ERISA Affiliate from any Multiemployer Plan; (d) the filing of a notice of intent to terminate a Title IV Plan or the treatment of a plan amendment as a termination under Section 4041 of ERISA;
(e) the institution of proceedings to terminate a Title IV Plan or Multiemployer Plan by the PBGC; (f) the failure by any Originator or ERISA Affiliate to make when due required contributions to a Multiemployer Plan or Title IV Plan unless
such failure is cured within 30 days; (g) any other event or condition that might reasonably be expected to constitute grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Title IV
Plan or Multiemployer Plan or for the imposition of liability under Section 4069 or 4212(c) of ERISA; (h) the termination of a Multiemployer Plan under Section 4041A of ERISA or the reorganization or insolvency of a Multiemployer Plan
under Section 4241 of ERISA; or (i) the loss of a Qualified Plan’s qualification or tax exempt status. 
 “ESOP” means a Plan that is intended to satisfy the requirements of Section 4975(e)(7) of the IRC. 
 “Eurodollar Reserve Percentage” means, for any day during any Interest Period, the reserve percentage (expressed as a decimal, rounded upward to the next 1/100th of 1%) in effect on such day, whether or not applicable to
any Lender, under regulations issued from time to time by the Board of Governors of the Federal Reserve System for determining the maximum reserve requirement (including any emergency, supplemental or other marginal reserve requirement) with respect
to Eurocurrency funding (currently referred to as “eurocurrency liabilities”). The LIBOR Rate shall be adjusted automatically as of the effective date of any change in the Eurodollar Reserve Percentage. 
 “Event of Bankruptcy” shall mean, with respect to any Person, (a) that such Person becomes unable or admits in writing its
inability or fails generally to pay its debts as they become due; (b) that any writ or warrant of attachment or execution or similar process is issued or levied against all or any material part of the property of any such Person and is not
released, vacated or fully bonded within thirty (30) days after its issue or levy; (c) that such Person institutes or consents to the institution of any proceeding under any Debtor Relief Law, or makes an assignment for the benefit of
creditors, or applies for or consents to the appointment of any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer for it or for all or any material part of its property; or (d) that any receiver, trustee,
custodian, conservator, liquidator, rehabilitator or similar officer is appointed without the application or consent of such Person and the appointment continues undischarged or unstayed for sixty (60) calendar days; or (e) that any
proceeding under any Debtor Relief Law relating to any such Person or to all or any material part of its property is instituted without the consent of such Person and continues undismissed or unstayed for sixty (60) calendar days, or an order
for relief is entered in any such proceeding. 
  

			
	19	  	Annex X

 “Event of Servicer Termination” shall have the meaning assigned to it in
Section 8.01 of the Sale Agreement. 
 “Excess Concentration Amount” shall mean, with respect to any Obligor or
on an aggregate basis by the Largest Obligor(s), as applicable, of one or more Transferred Receivables, as of any date of determination after giving effect to all Eligible Receivables transferred on such date, the amount by which (a) the
Outstanding Balance of Eligible Receivables owing by such Obligor or on an aggregate basis by the Largest Obligor(s), as applicable, exceeds (b)(i) the Concentration Percentage for such Obligor or the Largest Obligor(s), as applicable, on such date,
multiplied by (ii) the aggregate Outstanding Balance of Eligible Receivables as of such time of determination; provided that, in the case of Obligors which are Affiliates (including Affiliates of one or more Largest Obligors), the Excess
Concentration Amount for such Obligor shall be calculated as if such Obligor and its Affiliates which are Obligors were one Obligor. 
 “Excluded Obligor” shall mean any Obligor (a) that is an Affiliate of any Originator, the Parent or the Borrower, or (b) that is designated as an Excluded Obligor by the Administrative Agent in its reasonable
discretion upon ten (10) Business Days’ prior written notice from the Administrative Agent to the Borrower, the Lenders, the Servicer and the Parent. 
 “Excluded Receivable” shall mean a Mexico Receivable or any Receivable originated or acquired by an Originator on or after the Effective Date and not transferred to Buyer prior to the Effective Date.

 “Existing Receivables Purchase Agreement” shall have the meaning assigned to it in the preamble of the Funding
Agreement. 
 “Existing Transfer Agreement” shall have the meaning assigned to it in the preamble of the Sale
Agreement. 
 “Facility Fee” shall have the meaning assigned to it in the Fee Letters. 
 “Facility Limit” means at any time $357,000,000, as such amount may be adjusted, if at all, from time to time in accordance with the
Funding Agreement. 
 “Facility Limit Reduction Notice” shall have the meaning assigned to it in Section 2.02(a)
of the Funding Agreement. 
 “Facility Termination Date” shall mean the earliest of (a) the date so designated pursuant
to Section 9.01 of the Funding Agreement, (b) the Final Advance Date, and (c) the date of termination of the Aggregate Commitment specified in a Facility Termination Notice. 
 “Facility Termination Notice” shall have the meaning assigned to it in Section 2.02(b) of the Funding Agreement. 

 

			
	20	  	Annex X

 “Federal Funds Rate” means, for any day, the rate per annum (rounded upwards, if
necessary, to the nearest 1/100 of 1%) equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day, as published by the Federal Reserve
Bank of New York on the Business Day next succeeding such day; provided that (a) 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 (b) 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 the applicable Managing Agent on such day on such
transactions as determined by it. 
 “Federal Reserve Board” shall mean the Board of Governors of the Federal Reserve
System. 
 “Fee Letters” shall mean (i) the Bank of America Fee Letter and (ii) the SMBC Fee Letter. 

“Fees” shall mean any and all fees payable to the Administrative Agent or any Lender pursuant to the Funding Agreement or any other
Related Document, including the Facility Fee. 
 “Final Advance Date” shall mean January 22, 2010, as such date may be
extended with the consent of the Borrower, the Lenders and the Administrative Agent. 
 “Financing Receivable” shall mean a
Receivable which evidences the obligation of an Obligor to pay the purchase price of merchandise, goods or services which are neither purchased nor deemed purchased by such Obligor but which were financed by such Obligor pursuant to a floorplan
financing arrangement. 
 “Funding Agreement” shall mean that certain Third Amended and Restated Receivables Funding and
Administration Agreement, dated as of the Closing Date, by and among the Borrower, the Lenders, the Managing Agents, the Administrators, the Swing Line Lender and the Administrative Agent. 
 “Funding Availability” shall mean, as of any date of determination, the amount, if any, by which the Borrowing Base exceeds the
Outstanding Principal Amount, in each case as of the end of the immediately preceding day. 
 “Funding Excess” shall mean,
as of any date of determination, the extent to which the Outstanding Principal Amount exceeds the Borrowing Base, in each case as disclosed in the most recently submitted Borrowing Base Certificate or Borrowing Request or as otherwise determined by
the Administrative Agent based on Borrower Collateral information available to it, including any information obtained from any audit or from any other reports with respect to the Borrower Collateral, which determination shall be final, binding and
conclusive on all parties to the Funding Agreement (absent manifest error). 
  

			
	21	  	Annex X

 “GAAP” shall mean generally accepted accounting principles in the United States of
America as in effect from time to time, consistently applied as such term is further defined in Section 2(a) of this Annex X. 
 “General Trial Balance” shall mean, with respect to any Originator and as of any date of determination, such Originator’s accounts receivable trial balance (whether in the form of a computer printout, magnetic tape or
diskette) as of such date, listing Obligors and the Receivables owing by such Obligors as of such date together with the aged Outstanding Balances of such Receivables, in form and substance satisfactory to the Borrower and the Administrative Agent.

 “Governmental Authority” shall mean any nation or government, any state, province or other political subdivision thereof,
and any agency, department or other entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government. 
 “Guaranteed Indebtedness” shall mean, as to any Person, any obligation of such Person guaranteeing any indebtedness, lease, dividend, or other obligation (“primary obligation”) of any
other Person (the “primary obligor”) in any manner, including any obligation or arrangement of such Person to (a) purchase or repurchase any such primary obligation, (b) advance or supply funds (i) for the purchase or
payment of any such primary obligation or (ii) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency or any balance sheet condition of the primary obligor, (c) purchase
property, securities or services primarily for the purpose of assuring the owner of any such primary obligation of the ability of the primary obligor to make payment of such primary obligation, or (d) indemnify the owner of such primary
obligation against loss in respect thereof. The amount of any Guaranteed Indebtedness at any time shall be deemed to be the amount equal to the lesser at such time of (x) the stated or determinable amount of the primary obligation in respect of
which such Guaranteed Indebtedness is incurred and (y) the maximum amount for which such Person may be liable pursuant to the terms of the instrument embodying such Guaranteed Indebtedness; or, if not stated or determinable, the maximum
reasonably anticipated liability (assuming full performance) in respect thereof. 
 “Incipient Servicer Termination Event”
shall mean any event that, with the passage of time or notice or both, would, unless cured or waived, become an Event of Servicer Termination. 
 “Incipient Termination Event” shall mean any event that, with the passage of time or notice or both, would, unless cured or waived, become a Termination Event. 
 “Indemnified Amounts” shall mean, with respect to any Person, any and all suits, actions, proceedings, claims, damages, losses,
liabilities and reasonable expenses (including, but not limited to, reasonable attorneys’ fees and disbursements and other costs of investigation or defense, including those incurred upon any appeal). 
 “Indemnified Person” shall have the meaning assigned to it in Section 10.01(a) of the Funding Agreement. 
  

			
	22	  	Annex X

 “Indemnified Taxes” shall have the meaning assigned to it in Section 2.08(h)
of the Funding Agreement. 
 “Ineligible Receivable” shall mean any Receivable (or portion thereof) which fails to satisfy
all of the requirements of an “Eligible Receivable” set forth in the definition thereof. 
 “Intercreditor
Agreement” shall mean each of (i) that certain Second Amended and Restated Intercreditor Agreement dated as of January 23, 2009, entered into by and among Parent, the Originators from time to time party thereto, Borrower and Bank
of America, in various capacities, (ii) that certain Second Amended and Restated Intercreditor Agreement dated as of February 12, 2007, entered into by Parent, the Originators from time to time party thereto, Borrower, General Electric
Capital Corporation, in various capacities, IBM Canada Limited and IBM Credit LLC, and (iii) each other intercreditor agreement entered into from time to time by Parent, Borrower, Bank of America in various capacities, and other creditors.

 “Interest Component” means, at any time of determination for any Conduit Lender, the aggregate Yield accrued and to
accrue through the end of the current Interest Period for the Portion of Advances accruing Yield calculated by reference to the CP Rate at such time (determined for such purpose using the CP Rate most recently determined by its Administrator).

 “Interest Period” means (a) with respect to any Portion of Advances funded by the issuance of Commercial Paper,
(i) initially the period commencing on (and including) the date of the initial funding of such Portion of Advances and ending on (and including) the last day of the current calendar month, and (ii) thereafter, each period commencing on
(and including) the first day after the last day of the immediately preceding Interest Period for such Portion of Advances and ending on (and including) the last day of the current calendar month; (b) with respect to any Portion of Advances not
funded by the issuance of Commercial Paper, (i) initially the period commencing on (and including) the date of the initial funding of such Portion of Advances and ending on (but excluding) the next following Settlement Date, and
(ii) thereafter, each period commencing on (and including) a Settlement Date and ending on (but excluding) the next following Settlement Date; and (c) with respect to any Swing Line Advance, the period commencing on (and including) the
date of the initial funding of such Swing Line Advance and ending on (but excluding) the day on which such Swing Line Advance is reimbursed or otherwise repaid in full; provided that: 
  

	 	(a)	any Interest Period with respect to any Portion of Advances (other than any Portion of Advances accruing Yield at the CP Rate) that would otherwise end on a day which is not a
Business Day shall be extended to the next succeeding Business Day; provided that if Yield in respect of such Interest Period is computed by reference to the LIBOR Rate, and such Interest Period would otherwise end on a day which is
not a Business Day, and there is no subsequent Business Day in the same calendar month as such day, such Interest Period shall end on the next preceding Business Day; 

  

			
	23	  	Annex X

	 	(b)	in the case of any Interest Period for any portion of Advance that commences before the Facility Termination Date and would otherwise end on a date occurring after the Facility
Termination Date, such Interest Period shall end on such Facility Termination Date and the duration of each Interest Period which commences on or after the Facility Termination Date shall be of such duration as shall be selected by such Managing
Agent; and 

  

	 	(c)	any Interest Period in respect of which Yield is computed by reference to the CP Rate may be terminated at the election of the applicable Managing Agent any time, in which case the
Portion of Advances allocated to such terminated Interest Period shall be allocated to a new Interest Period commencing on (and including) the date of such termination and ending on (but excluding) the next following Settlement Date, and shall
accrue Yield at the Alternate Rate. 

 “Interest Reserve” shall mean, as of any date of determination, an
amount equal to the product of (i) 1.5, (ii) the Base Rate, (iii) the Outstanding Principal Amount and (iv) a fraction, the numerator of which is the higher of (a) 30 and (b) the Receivables Collection Turnover as of
the end of the Settlement Period immediately preceding such date multiplied by 2, and the denominator of which is 360. 
 “Investment
Company Act” shall mean the provisions of the Investment Company Act of 1940, 15 U.S.C. § § 80a et seq., and any regulations promulgated thereunder. 
 “Investments” shall mean, with respect to any Borrower Account Collateral, the certificates, instruments, investment property or other
investments in which amounts constituting such collateral are invested from time to time. 
 “IRC” shall mean the Internal
Revenue Code of 1986 and any regulations promulgated thereunder. 
 “IRS” shall mean the Internal Revenue Service.

 “Largest Obligor(s)” shall mean, for each Class of Obligor, the Obligor or Obligors with the largest aggregate
Outstanding Balance of Eligible Receivables as of such time of determination (which may include one or more Special Obligors, as applicable), and the number of Largest Obligors for a particular Class of Obligor shall not exceed the number set forth
in the “Number of Largest Obligors” column in the definition of “Concentration Percentage”. 
 “Lender”
shall have the meaning assigned to it in the preamble of the Funding Agreement. For the avoidance of doubt, unless the context otherwise requires, the term “Lenders” includes the Swing Line Lender. 
 “Lender Group” shall mean each of the following groups: 
  

	 	(a)	the Bank of America Lender Group; 

  

	 	(b)	the SMBC Lender Group; and 

  

			
	24	  	Annex X

 (c) for each additional Lender Group party to the Funding Agreement after the Closing Date, the
applicable Conduit Lender, its Administrator, the applicable Managing Agent and the related Committed Lenders from time to time party hereto. 
 “Lender Group Percentage” means, for any Lender Group, the percentage equivalent (carried out to five decimal places) of a fraction the numerator of which is the aggregate amount of the Commitments of all Committed Lenders
in that Lender Group and the denominator of which is the sum of such numerators for each of the Lender Groups. 
 “LIBOR Business
Day” shall mean a Business Day on which banks in the city of London are generally open for interbank or foreign exchange transactions. 
 “LIBOR Rate” means, for any Interest Period, a rate per annum determined by the applicable Managing Agent pursuant to the following formula: 
  

									
		 	 LIBOR Rate
	 	 =
	  	            LIBOR Base Rate                       
 	  	
		 	 	  	 1.00 – Eurodollar Reserve Percentage
	  	

 Where, 
 “LIBOR Base Rate” means, for such Interest Period: 
 (i) the rate per annum
(carried out to the fifth decimal place) equal to the rate determined by the applicable Managing Agent to be the offered rate that appears on the page of the Telerate Screen that displays an average British Bankers Association Interest Settlement
Rate (such page currently being page number 3750) for deposits in Dollars (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period, determined as of approximately 11:00 a.m. (London time) two
(2) Business Days prior to the first day of such Interest Period, or 
 (ii) in the event the rate referenced in the
preceding subsection (i) does not appear on such page or service or such page or service shall cease to be available, the rate per annum (carried to the fifth decimal place) equal to the rate determined by the applicable Managing Agent
to be the offered rate on such other page or other service that displays an average British Bankers Association Interest Settlement Rate for deposits in Dollars (for delivery on the first day of such Interest Period) with a term equivalent to such
Interest Period, determined as of approximately 11:00 a.m. (London time) two (2) Business Days prior to the first day of such Interest Period, or 
 (iii) in the event the rates referenced in the preceding subsections (i) and (ii) are not available, the rate per annum determined by the applicable Managing Agent as the rate of interest at
which Dollar deposits (for delivery on the first day of such Interest Period) in same day funds in the approximate amount of the applicable Portion of Advances to be funded by reference to the LIBOR Rate and with a term equivalent to such Interest
Period would be offered by its London Branch to major banks in the offshore dollar market at their request at approximately 11:00 a.m. (London time) two (2) Business Days prior to the first day of such Interest Period; and 
  

			
	25	  	Annex X

 “LIBOR Rate Advance” shall mean an Advance or portion thereof bearing interest by
reference to the LIBOR Rate. 
 “Lien” shall mean any mortgage or deed of trust, pledge, hypothecation, assignment, deposit
arrangement, lien, charge, claim, security interest, easement or encumbrance, or preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever (including any lease or title retention agreement, any
financing lease having substantially the same economic effect as any of the foregoing, and the filing of, or agreement to give, any financing statement perfecting a security interest under the UCC or comparable law of any jurisdiction). 

“Litigation” shall mean, with respect to any Person, any action, claim, lawsuit, demand, investigation or proceeding pending or
threatened against such Person before any court, board, commission, agency or instrumentality of any federal, state, local or foreign government or of any agency or subdivision thereof or before any arbitrator or panel of arbitrators. 
 “Lockbox” shall have the meaning assigned to it in Section 6.01(a)(ii) of the Funding Agreement, and references to any
Lockbox shall be understood to be references to any lockbox accounts associated therewith and governed by the same Lockbox Agreement. 
 “Lockbox Agreement” shall mean any agreement among an Originator, the Borrower, the Administrative Agent and a Lockbox Bank with respect to a Lockbox that provides, among other things, that (a) all items of payment
deposited in such Lockbox are held by such Lockbox Bank as custodian for the Administrative Agent, (b) such Lockbox Bank has no right of setoff or recoupment or any other claim against such Lockbox, other than for payment of its services fees
and other charges directly related to the administration of such Lockbox and for returned checks or other items of payment, and (c) such Lockbox Bank agrees to forward all Collections received in such Lockbox to the Concentration Account within
one Business Day of receipt and is otherwise in form and substance acceptable to the Administrative Agent. 
 “Lockbox Bank”
shall mean any bank or other financial institution at which one or more Lockboxes are maintained. 
 “Loss Reserve Ratio”
shall mean, as of any date of determination, the ratio (expressed as a percentage) calculated in accordance with the following formula: 
 LRR = LHF × ARR × 2.25 
 where 
  

			
	 LRR =
	 	the Loss Reserve Ratio;
		
	 LHF =
	 	a Loss Horizon Factor equal to (x) the aggregate principal amount of Transferred Receivables originated during the three (3) most recent Settlement Periods preceding such date
divided by (z) the Net Receivables Balance as of the end of the Settlement Period immediately preceding such date; and

  

			
	26	  	Annex X

			
	 ARR =
	 	the highest three-month rolling average of the Default Ratios occurring during the twelve most recent Settlement Periods.

 “MAFC Administrator” shall mean Sumitomo Mitsui Banking Corporation or an
Affiliate thereof, as administrator for Manhattan Asset Funding Company. 
 “Managing Agent” means, with respect to any
Lender Group, the Person acting as Managing Agent for such Lender Group and designated as such on the signature pages hereto or in any Assignment Agreement under the Funding Agreement, and each of its successors and assigns. 
 “Material Adverse Effect” shall mean a material adverse effect on (a) the business, assets, liabilities, operations, or financial
or other condition of (i) any Originator or the Originators considered as a whole, (ii) the Borrower, (iii) the Servicer or (iv) the Parent and its Subsidiaries considered as a whole, (b) the ability of any Originator, the
Borrower, the Parent or the Servicer to perform any of its obligations under the Related Documents in accordance with the terms thereof, (c) the validity or enforceability of any Related Document or the rights and remedies of the Borrower, the
Managing Agents, the Lenders, SMBC-SI or the Administrative Agent under any Related Document, (d) the federal income tax attributes of the sale, contribution or pledge of the Transferred Receivables pursuant to any Related Document or
(e) the Transferred Receivables (or collectibility thereof), the Contracts therefor, the Borrower Collateral (in each case, taken as a whole) or the ownership interests or Liens of the Borrower or the Lenders or the Administrative Agent thereon
or the priority of such interests or Liens. 
 “Maturity Date” shall mean, with respect to any Receivable, the due date for
payment therefor specified in the Contract therefor, or, if no date is so specified, 30 days from the Billing Date. 
 “Maximum
Advances Outstanding” means an amount equal to the Facility Limit divided by 1.02. 
 “Mexico Receivables”
shall mean Receivables arising out of any of the following: (a) the Accounts Receivable Assignment Agreement dated as of February 28, 2006, among Corporative Lanix, S.A. de C.V., Alef Soluciones Integrales, S.A. de C.V. and Accesorios y
Suministros Informáticos, S.A. de C.V. (collectively, the “Lanix Consortium”), as assignors, Synnex Mexico and the Originator, as assignee, as the same may be amended, extended, replaced, restated, supplemented or otherwise
modified from time to time, (b) the Accounts Receivables Assignment Agreement dated as of December 5, 2005, among the Lanix Consortium, as assignors, Synnex Mexico and the Originator as assignee, as the same may be amended, extended,
replaced, restated, supplemented or otherwise modified from time to time, (c) the Multiannual Services Agreement (Contracto Multianual de Prestación de Servicios) number 62.PE.2005-2010, dated October 31, 2005, between the Lanix
Consortium, as service providers, and the Ministry of Education (Secretaría de Educación Pública), a Ministry of the Federal Public Administration of México (the “SEP”), as the same may be amended,
extended, replaced, restated, supplemented or otherwise modified from time to time, and (d) the Multiannual Services Agreement (Contracto Multianual de Prestación de Servicios) number 62.PE.2005-2010, dated October 31, 2005, between
the Lanix Consortium, as service providers, and SEP, as the same may be amended, extended, replaced, restated, supplemented or otherwise modified from time to time. 
  

			
	27	  	Annex X

 “Minimum Reserve Ratio” shall mean, as of any date of determination, the ratio
(expressed as a percentage) calculated in accordance with the following formula: 
 MRR = ADR × DHF + CF 
 where 
  

			
	 MRR =
	 	the Minimum Reserve Ratio;
		
	 ADR =
	 	the average of the Dilution Ratios occurring during the twelve most recent calendar Settlement Periods preceding such date;
		
	 DHF =
	 	the Dilution Horizon Factor; and
		
	 CF =
	 	a concentration factor equal to 22.5%.

 “Mitac Group” shall mean any or all of Mitac International Corp., a Taiwanese
corporation, Union Petrochemical Corp., a Taiwanese corporation and Synnex Technology International, a Taiwanese corporation. 
 “Monthly Report” shall have the meaning assigned to it in paragraph (a) of Annex 5.02(a) to the Funding Agreement. 
 “Moody’s” shall mean Moody’s Investors Service, Inc. or any successor thereto. 
 “Multiemployer Plan” shall mean a “multiemployer plan” as defined in Section 4001(a)(3) of ERISA with respect to which any Originator or ERISA Affiliate is making, is obligated to make, or has made or been
obligated to make, contributions on behalf of participants who are or were employed by any of them. 
 “Net Receivables
Balance” means, as of any date of determination, the amount equal to: 
  

	 	(a)	the Outstanding Balance of Eligible Receivables, 

 minus 
  

	 	(b)	the Excess Concentration Amount; 

 in each case as disclosed in the most
recently submitted Borrowing Base Certificate or Borrowing Request or as otherwise determined by the Administrative Agent based on Borrower Collateral information available to it, including any information obtained from any audit or from any other
reports with respect to the Borrower Collateral, which determination shall be final, binding and conclusive on all parties to the Funding Agreement (absent manifest error). 
  

			
	28	  	Annex X

 “Net Worth” means as of any date of determination, the excess, if any, of (a) the
aggregate Outstanding Balance of the Transferred Receivables at such time, over (b) the sum of (i) the Outstanding Principal Amount at such time, plus (ii) the aggregate outstanding principal balance of the Subordinated
Loans (including any Subordinated Loan proposed to be made on the date of determination). 
 “Non-Consenting Lender” shall
have the meaning assigned to it in Section 12.07(c) of the Funding Agreement. 
 “Non-Funding Lender” shall have
the meaning assigned to it in Section 2.03(e) of the Funding Agreement. 
 “Notes” shall mean, collectively, the
Revolving Notes and the Swing Line Note. 
 “Obligor” shall mean, with respect to any Receivable, the Person primarily
obligated to make payments in respect thereof. 
 “Officer’s Certificate” shall mean, with respect to any Person, a
certificate signed by an Authorized Officer of such Person. 
 “Official Body” means any government or political subdivision
or any agency, authority, bureau, central bank, commission, department or instrumentality of any such government or political subdivision, or any court, tribunal, grand jury or arbitrator, or any accounting board or authority (whether or not a part
of government) which is responsible for the establishment or interpretation of national or international accounting principles, in each case whether foreign or domestic. 
 “Originator” shall have the meaning assigned to it in the preamble to the Sale Agreement. 
 “Originator Support Agreement” shall mean an agreement substantially in the form of Exhibit 2.03 to the Sale Agreement made by Parent in favor of the Borrower. 
 “Other Lender” shall have the meaning assigned to it in Section 2.03(e) of the Funding Agreement. 
 “Outstanding Balance” shall mean, with respect to any Receivable, as of any date of determination, the amount (which amount shall not be
less than zero) equal to (a) the Billed Amount thereof, minus (b) all Collections received from the Obligor thereunder, minus (c) all discounts to, or any other modifications by, the Originator, the Borrower or the
Servicer that reduce such Billed Amount; provided that if the Administrative Agent or the Servicer makes a good faith determination that all payments by such Obligor with respect to such Billed Amount have been made, the Outstanding Balance
shall be zero. 
 “Outstanding Principal Amount” shall mean, as of any date of determination, the amount equal to
(a) the aggregate Advances made by the Lenders under the Funding Agreement on or before such date, minus (b) the aggregate amounts disbursed to any Lender in reduction of the principal of such Advances pursuant to the Funding
Agreement on or before such date and not 
  

			
	29	  	Annex X

 required to be returned as preference payments or otherwise; provided that references to the Outstanding Principal
Amount of any Lender shall mean an amount equal to (x) the aggregate Advances made by such Lender pursuant to the Funding Agreement on or before such date, minus (y) the aggregate amounts disbursed to such Lender in reduction of the
principal of such Advances pursuant to the Funding Agreement on or before such date and not required to be returned as preference payments or otherwise. 
 “Parent” shall have the meaning assigned to it in the preamble to the Sale Agreement. 
 “Parent Group” shall mean the Parent and each of its Affiliates other than the Borrower. 
 “PBGC”
shall mean the Pension Benefit Guaranty Corporation. 
 “Pension Plan” shall mean a Plan described in Section 3(2) of
ERISA. 
 “Permitted Encumbrances” shall mean the following encumbrances: (a) Liens for taxes or assessments or other
governmental charges or levies not yet due and payable; (b) pledges or deposits securing obligations under workmen’s compensation, unemployment insurance, social security or public liability laws or similar legislation; (c) pledges or
deposits securing bids, tenders, government contracts, contracts (other than contracts for the payment of money) or leases to which any Originator, the Borrower or the Servicer is a party as lessee made in the ordinary course of business;
(d) deposits securing statutory obligations of any Originator, the Borrower or the Servicer; (e) inchoate and unperfected workers’, mechanics’, suppliers’ or similar Liens arising in the ordinary course of business;
(f) carriers’, warehousemen’s or other similar possessory Liens arising in the ordinary course of business; (g) deposits securing, or in lieu of, surety, appeal or customs bonds in proceedings to which any Originator, the
Borrower or the Servicer is a party; (h) any judgment Lien not constituting a Termination Event under Section 8.01(g) of the Funding Agreement; (i) Liens existing on the Closing Date and listed on Schedule 5.03(b) of the
Funding Agreement; and (j) presently existing or hereinafter created Liens in favor of the Buyer, the Borrower, the Lenders or the Administrative Agent under the Funding Agreement and the Related Documents. 
 “Permitted Investments” shall mean any of the following: 
 (a) obligations of, or guaranteed as to the full and timely payment of principal and interest by, the United States of America or obligations of any agency or instrumentality thereof if such obligations are backed by
the full faith and credit of the United States of America, in each case with maturities of not more than 90 days from the date acquired; 
 (b) repurchase agreements on obligations of the type specified in clause (a) of this definition; provided that the short-term debt obligations of the party agreeing to repurchase are rated at least “A-1” or the
equivalent by S&P and “P-1” or the equivalent by Moody’s; 
 (c) federal funds, certificates of deposit, time deposits and
bankers’ acceptances of any depository institution or trust company incorporated under the laws of the United States of America or any state, in each case with original maturities of not more 
  

			
	30	  	Annex X

 than 90 days or, in the case of bankers’ acceptances, original maturities of not more than 365 days; provided
that the short-term obligations of such depository institution or trust company are rated at least “A-1” or the equivalent by S&P and “P-1” or the equivalent by Moody’s; 
 (d) commercial paper of any corporation incorporated under the laws of the United States of America or any state thereof with original maturities of not
more than 180 days that on the date of acquisition are rated at least “A-1” or the equivalent by S&P and “P-1” or the equivalent by Moody’s; and 
 (e) securities of money market funds rated at least “A-1” or the equivalent by S&P and “P-1” or the equivalent by Moody’s.

 “Person” shall mean any individual, sole proprietorship, partnership, joint venture, unincorporated organization, trust,
association, corporation (including a business trust), limited liability company, institution, public benefit corporation, joint stock company, Governmental Authority or any other entity of whatever nature. 
 “Plan” shall mean, at any time during the preceding five years, an “employee benefit plan,” as defined in Section 3(3) of
ERISA, that any Originator or ERISA Affiliate maintains, contributes to or has an obligation to contribute to on behalf of participants who are or were employed by any Originator or ERISA Affiliate. 
 “Portion of Advances” shall have the meaning assigned to it in Section 2.06 of the Funding Agreement. 
 “Power of Attorney” shall have the meaning assigned to it in Section 9.05 of the Sale Agreement or Section 9.03
of the Funding Agreement, as applicable. 
 “Program Support Agreement” means and includes, with respect to any Conduit
Lender, any agreement entered into by any Program Support Provider providing for the issuance of one or more letters of credit for the account of the Conduit Lender (or any related commercial paper issuer that finances the Conduit Lender), the
issuance of one or more surety bonds for which the Conduit Lender (or such related issuer) is obligated to reimburse the applicable Program Support Provider for any drawings thereunder, the sale by the Conduit Lender (or such related issuer) to any
Program Support Provider of the Borrower Obligation outstanding to such Conduit Lender (or portions thereof or participations therein) and/or the making of loans and/or other extensions of credit to the Conduit Lender (or such related issuer) in
connection with its commercial paper program, together with any letter of credit, surety bond or other instrument issued thereunder. 
 “Program Support Provider” means and includes, with respect to any Conduit Lender, any Person now or hereafter extending credit or having a commitment to extend credit to or for the account of, or to make purchases from,
the Conduit Lender (or any related commercial paper issuer that finances the Conduit Lender) or issuing a letter of credit, surety bond or other instrument to support any obligations arising under or in connection with the Conduit Lender’s (or
such related issuer’s) commercial paper program. 
  

			
	31	  	Annex X

 “Projections” shall mean the Parent’s forecasted consolidated: (a) balance
sheets; (b) profit and loss statements; and (c) cash flow statements consistent with the historical financial statements of the Parent, together with appropriate supporting details and a statement of underlying assumptions. 
 “Proposed Change” shall have the meaning assigned to it in Section 12.07(c) of the Funding Agreement. 
 “Pro Rata Share” shall mean with respect to all matters relating to any Lender (other than the Swing Line Lender), the percentage
obtained by dividing (i) the Commitment of that Lender by (ii) the Aggregate Commitment, as such percentage may be adjusted by assignments permitted pursuant to Section 12.02 of the Funding Agreement; provided that if
all of the Commitments are terminated pursuant to the terms of the Funding Agreement, then “Pro Rata Share” shall mean with respect to all matters relating to any Lender, the percentage obtained by dividing (x) the sum of
(A) such Lender’s Revolving Credit Advances, plus (B) such Lender’s share of the obligations to purchase participations in Swing Line Loans and refinance Swing Line Loans pursuant to Section 2.01(b)(iii) and
(iv) of the Funding Agreement, by (y) the aggregate Outstanding Principal Amount. 
 “Qualified Plan” shall
mean a Pension Plan that is intended to be tax-qualified under Section 401(a) of the IRC. 
 “Rate Type” means the
LIBOR Rate, the Base Rate or the CP Rate. 
 “Rating Agency” shall mean Moody’s or S&P. 
 “Ratings” means for any Discretionary Lender or any other Lender which requires such a “Rating” in connection with the Funding
Agreement, the ratings by the Rating Agencies of such Person of the indebtedness for borrowed money of such Person. 
 “Ratios” shall mean, collectively, the Default Ratio, the Default Trigger Ratio, the Delinquency Ratio, the Dilution Ratio, the Dilution Reserve Ratio, the Dilution Trigger Ratio and the Receivables Collection Turnover.

 “Receivable” shall mean, with respect to any Obligor: 
 (a) indebtedness of such Obligor (whether constituting an account, chattel paper, document, instrument or general intangible (under which the
Obligor’s principal obligation is a monetary obligation) and whether or not earned by performance) arising from the provision of merchandise, goods or services by an Originator, or other Person approved by the Administrative Agent and the
Lenders in their sole discretion, to such Obligor (or in the case of a Financing Receivable, to a third party), including the right to payment of any interest or finance charges and other obligations of such Obligor with respect thereto; 

(b) all Liens and property subject thereto from time to time, if any, securing or purporting to secure any such indebtedness of such Obligor, whether
pursuant to the related Contract or otherwise, together with all financing statements and other filings authorized by such Obligor relating thereto; 
  

			
	32	  	Annex X

 (c) all guaranties, indemnities and warranties, insurance policies, financing statements, supporting
obligations and other agreements or arrangements of whatever character from time to time supporting or securing payment of any such indebtedness, whether pursuant to the related Contract or otherwise; 
 (d) any Returned Goods and documentation of title evidencing the shipment or storage of any goods relating to any sale giving rise to such Receivable;

 (e) all Collections with respect to any of the foregoing; 
 (f) all Records with respect to any of the foregoing; and 
 (g) all proceeds with respect to any of the
foregoing. 
 “Receivables Assignment” shall have the meaning assigned to it in Section 2.01(a) of the Sale
Agreement. 
 “Receivables Collection Turnover” shall mean, as of any date of determination, the amount (expressed in days)
equal to: 
 (a) a fraction, (i) the numerator of which is equal to the aggregate Outstanding Balance of Transferred Receivables on the
first day of the Settlement Period immediately preceding such date and (ii) the denominator of which is equal to aggregate Collections received during such Settlement Period with respect to all Transferred Receivables, 
 multiplied by 
 (b) the number of
days per period contained in such Settlement Period. 
 “Receivables Collection Turnover Trigger” shall mean, as of any date
of determination, the amount (expressed in days) equal to: 
 (a) a fraction, (i) the numerator of which is equal to the aggregate
Outstanding Balance of Transferred Receivables on the first day of the three (3) Settlement Periods immediately preceding such date and (ii) the denominator of which is equal to aggregate Collections received during such three
(3) Settlement Periods with respect to all Transferred Receivables, 
 multiplied by 
 (b) the average number of days per period contained in such three (3) Settlement Periods. 
 “Records” shall mean all Contracts and other documents, books, records and other information (including customer lists, credit files,
computer programs, tapes, disks, data processing software and related property and rights) prepared and maintained by any Originator, the Servicer, any Sub-Servicer or the Borrower with respect to the Receivables and the Obligors thereunder and the
Borrower Collateral. 
  

			
	33	  	Annex X

 “Refunded Swing Line Loan” shall have the meaning assigned to it in
Section 2.01(b)(iii) of the Funding Agreement. 
 “Regulatory Change” shall mean any change after the Closing
Date in any federal, state or foreign law, regulation (including Regulation D of the Federal Reserve Board), pronouncement by the Financial Accounting Standards Board or the adoption or making after such date of any interpretation, directive or
request under any federal, state or foreign law or regulation (whether or not having the force of law) by any Governmental Authority, the Financial Accounting Standards Board, or any central bank or comparable agency, charged with the interpretation
or administration thereof, including an Accounting Based Consolidation Event, that, in each case, is applicable to any Affected Party. 
 “Rejected Amount” shall have the meaning assigned to it in Section 4.04 of the Sale Agreement. 
 “Related Committed Lenders” shall mean, with respect to any Discretionary Lender, the Committed Lenders in such Discretionary Lender’s Lender Group. 
 “Related Documents” shall mean each Account Agreement, each Lockbox Agreement, the Sale Agreement, the Funding Agreement, the Revolving
Notes, the Swing Line Note, each Receivables Assignment, the Subordinated Notes, each Originator Support Agreement, the Fee Letters and all other agreements, instruments, documents and certificates identified in the Schedule of Documents and
including all other pledges, powers of attorney, consents, assignments, contracts, notices, and all other written matter whether heretofore, now or hereafter executed by or on behalf of any Person, or any employee of any Person, and delivered in
connection with the Sale Agreement, the Funding Agreement or the transactions contemplated thereby. Any reference in the Sale Agreement, the Funding Agreement or any other Related Document to a Related Document shall include all Appendices thereto,
and all amendments, restatements, supplements or other modifications thereto, and shall refer to such Related Document as the same may be in effect at any and all times such reference becomes operative. 
 “Repayment Notice” shall have the meaning assigned to it in Section 2.03(h) of the Funding Agreement. 
 “Reportable Event” shall mean any of the events set forth in Section 4043(c) of ERISA. 
 “Required Capital Amount” means, at any time of determination, an amount equal to (a) the Loss Reserve Ratio times 1.25
times the Net Receivables Balance plus (b) the Outstanding Balance of all Transferred Receivables (other than Charge-Offs) on which any amount is unpaid more than 90 days past its Maturity Date plus (c) the sum of the Excess
Concentration Amounts for the three Obligors with the largest aggregate Outstanding Balance of Eligible Receivables. 
 “Requisite
Lenders” shall mean (a) two or more Lenders having in the aggregate more than fifty-one percent (51%) of the Aggregate Commitment, or (b) if the Commitments have been terminated, two or more Lenders having in the aggregate
more than fifty-one percent (51%) aggregate Outstanding Principal Amount; provided that if at any time there is only one Lender party to the Funding Agreement, “Requisite Lenders” shall mean such Lender. 
  

			
	34	  	Annex X

 “Retiree Welfare Plan” shall mean, at any time, a Welfare Plan that provides for
continuing coverage or benefits for any participant or any beneficiary of a participant after such participant’s termination of employment, other than continuation coverage provided pursuant to Section 4980B of the IRC and at the sole
expense of the participant or the beneficiary of the participant. 
 “Returned Goods” shall mean, with respect to any
Receivable, all right, title and interest of any Originator, the Borrower, the Administrative Agent or the Lenders, as applicable, in and to returned, repossessed or foreclosed goods and/or merchandise, the sale of which gave rise to such
Receivable. 
 “Revolving Credit Advance” shall have the meaning assigned to it in Section 2.01(a) of the
Funding Agreement. 
 “Revolving Note” shall have the meaning assigned to it in Section 2.01(b) of the Funding
Agreement. 
 “Revolving Period” shall mean the period from and including the Closing Date through and including the day
immediately preceding the Facility Termination Date. 
 “S&P” means Standard & Poor’s Ratings Services, a
division of The McGraw-Hill Companies, Inc., or any successor thereto. 
 “Sale” shall mean, with respect to a sale of
receivables under the Sale Agreement, a sale of Receivables by an Originator to the Borrower in accordance with the terms of the Sale Agreement. 
 “Sale Agreement” shall mean that certain Third Amended and Restated Receivables Sale and Servicing Agreement, dated as of the Closing Date, by and among each Originator, the Servicer and the Borrower, as the Buyer
thereunder. 
 “Sale Price” shall mean, with respect to any Sale of any Sold Receivable, a price calculated by the Borrower
and approved from time to time by the Administrative Agent equal to: 
 (a) the Outstanding Balance of such Sold Receivable, minus

 (b) a discount reflecting the expected costs to be incurred by the Borrower in financing the purchase of the Sold Receivables until the
Outstanding Balance of such Sold Receivables is paid in full, minus 
 (c) a discount reflecting the portion of the Sold Receivables
that is reasonably expected by such Originator on the Transfer Date to become Defaulted Receivables by reason of clause (b) of the definition thereof, minus 
  

			
	35	  	Annex X

 (d) a discount reflecting the portion of the Sold Receivables that is reasonably expected by such
Originator on the Transfer Date to be reduced on account of Dilution Factors, minus 
 (e) amounts expected to be paid to the Servicer
with respect to the servicing, administration and collection of the Sold Receivables; 
 provided that such calculations shall be determined based on
the historical experience of (y) such Originator, with respect to the calculations required in each of clauses (c) and (d) above, and (z) the Borrower, with respect to the calculations required in clauses
(b) and (e) above. 
 “Schedule of Documents” shall mean the schedule, including all appendices,
exhibits or schedules thereto, listing certain documents and information to be delivered in connection with the Sale Agreement, the Funding Agreement and the other Related Documents and the transactions contemplated thereunder, substantially in the
form attached as Annex Y to the Funding Agreement and the Sale Agreement. 
 “Secured Parties” means the Lenders, the
Administrative Agent, each Managing Agent, each Administrator and each of the Program Support Providers; provided that a Program Support Provider shall only be a Secured Party hereunder if such Program Support Provider is both a Lender
hereunder and a regulated banking institution. 
 “Securities Act” shall mean the provisions of the Securities Act of 1933,
15 U.S.C. Sections 77a et seq., and any regulations promulgated thereunder. 
 “Securities Exchange Act” shall mean
the provisions of the Securities Exchange Act of 1934, 15 U.S.C. Sections 78a et seq., and any regulations promulgated thereunder. 
 “Servicer” shall have the meaning assigned to it in the preamble to the Sale Agreement. 
 “Servicer
Termination Notice” shall mean any notice by the Administrative Agent to the Servicer that (a) an Event of Servicer Termination has occurred and (b) the Servicer’s appointment under the Funding Agreement has been terminated.

 “Servicing Fee” shall mean, for any day within a Settlement Period, the amount equal to (a) (i) the Servicing
Fee Rate divided by (ii) 360, multiplied by (b) the Outstanding Balance of Transferred Receivables on such day. 
 “Servicing Fee Rate” shall mean 1.00%. 
 “Servicing Fee Reserve” shall mean, as of any date of
determination, an amount equal to the product of (i) the Servicing Fee Rate, (ii) the Outstanding Balance of Transferred Receivables and (iii) a fraction, the numerator of which is the higher of (a) 30 and (b) the
Receivables Collection Turnover as of the end of the Settlement Period immediately preceding such date multiplied by 2, and the denominator of which is 360. 
  

			
	36	  	Annex X

 “Servicing Officer” shall mean any officer of the Servicer involved in, or responsible
for, the administration and servicing of the Transferred Receivables and whose name appears on any Officer’s Certificate listing servicing officers furnished to the Administrative Agent by the Servicer, as such certificate may be amended from
time to time. 
 “Servicing Records” shall mean all Records prepared and maintained by the Servicer with respect to the
Transferred Receivables and the Obligors thereunder. 
 “Settlement Date” shall mean (i) the twelfth day of each
calendar month (or, if such day is not a Business Day, the immediately succeeding Business Day), and (ii) from and after the occurrence of a Termination Event, any other day designated as such by the Administrative Agent in its sole discretion.

 “Settlement Period” shall mean (a) solely for purposes of determining the Ratios, (i) with respect to all
Settlement Periods other than the final Settlement Period, each calendar month, whether occurring before or after the Closing Date, and (ii) with respect to the final Settlement Period, the period ending on the Termination Date and beginning
with the first day of the calendar month in which the Termination Date occurs, and (b) for all other purposes, (i) with respect to the initial Settlement Period, the period from and including the Closing Date through and including the last
day of the calendar month in which the Closing Date occurs, (ii) with respect to the final Settlement Period, the period ending on the Termination Date and beginning with the first day of the calendar month in which the Termination Date occurs,
and (iii) with respect to all other Settlement Periods, each calendar month. 
 “SMBC Committed Lender” shall mean
Sumitomo Mitsui Banking Corporation and each other Lender party hereto from time to time as an “SMBC Committed Lender”. 
 “SMBC Discretionary Lender” shall mean Manhattan Asset Funding Company LLC and any Conduit Assignee thereof. 
 “SMBC Fee Letter” shall mean that certain letter agreement, dated the Closing Date, between the Parent, the Borrower, Sumitomo Mitsui Banking Corporation and SMBC-SI. 
 “SMBC Lender Group” shall mean the MAFC Administrator, Sumitomo Mitsui Banking Corporation, as Managing Agent, the SMBC Committed
Lenders and the SMBC Discretionary Lenders. 
 “SMBC-SI” shall mean SMBC Securities, Inc., as representative on behalf of
the SMBC Lender Group. 
 “Sold Receivable” shall have the meaning assigned to it in Section 2.01(b) of the Sale
Agreement. 
 “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 contingent liabilities, of such Person; (b) the present fair salable 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 as they become absolute and matured; (c) such Person does not intend to, and does not believe that it will, incur Debts or 
  

			
	37	  	Annex X

 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 can reasonably be expected to become an actual or matured
liability. 
 “Special Obligor” shall mean one or more Class A Obligors, Class B Obligors, Class C Obligors or Class D
Obligors whose “Individual Obligor Percentage” of Eligible Receivables (as specified in the definition of “Concentration Percentage”) is adjusted as permitted under the Funding Agreement to a percentage greater than such
“Individual Obligor Percentage” of Eligible Receivables, which adjustment has been approved in writing as a Special Obligor by notice substantially in the form of Annex Z to the Funding Agreement, following a request by Synnex to
the Administrative Agent. Any Lender may revoke Special Obligor status at any time. For the avoidance of doubt, Sun Microsystems constitutes a Special Obligor with an “Individual Obligor Percentage” of 7.5% and the status of which as a
Special Obligor (i) shall be automatically revoked if Sun Microsystems’ rating falls below “BB” or “Ba2” by S&P or Moody’s, as applicable, and (ii) may be revoked by any Lender in its sole discretion upon
written notice to the Servicer. 
 “Stock” shall mean all shares, options, warrants, member interests, general or limited
partnership interests or other equivalents (regardless of how designated) of or in a corporation, limited liability company, partnership or equivalent entity whether voting or nonvoting, including common stock, preferred stock or any other
“equity security” (as such term is defined in Rule 3a11-1 of the General Rules and Regulations promulgated by the Securities and Exchange Commission under the Securities Exchange Act). 
 “Stockholder” shall mean, with respect to any Person, each holder of Stock of such Person. 
 “Subordinated Loan” shall have the meaning given such term in Section 2.01(c) of the Sale Agreement. 
 “Subordinated Note” shall have the meaning given such term in Section 2.01(c) of the Sale Agreement. 
 “Sub-Servicer” shall mean any Person with whom the Servicer enters into a Sub-Servicing Agreement. 
 “Sub-Servicing Agreement” shall mean any written contract entered into between the Servicer and any Sub-Servicer pursuant to and in
accordance with Section 7.01 of the Sale Agreement relating to the servicing, administration or collection of the Transferred Receivables. 
 “Subsidiary” shall mean, with respect to any Person, any corporation or other entity (a) 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 such Person or (b) that is directly or indirectly controlled by such Person within the meaning of control under Section 15 of
the Securities Act. 
  

			
	38	  	Annex X

 “Successor Servicer” shall have the meaning assigned to it in Section 9.02
of the Sale Agreement. 
 “Successor Servicing Fees and Expenses” shall mean the fees and expenses payable to the Successor
Servicer as agreed to by the Borrower, the Managing Agent and the Administrative Agent. 
 “Swing Line Advance” shall have
the meaning assigned to it in Section 2.01(b)(i) of the Funding Agreement. 
 “Swing Line Advance Margin” shall
have the meaning assigned to it in the Bank of America Fee Letter. 
 “Swing Line Commitment” shall mean, as to the Swing
Line Lender, the commitment of the Swing Line Lender to make Swing Line Advances pursuant to the terms of the Funding Agreement. As of the Closing Date, the Swing Line Commitment is $7,500,000. 
 “Swing Line Lender” shall have the meaning set forth in the preamble of the Funding Agreement. 
 “Swing Line Loan” shall mean at any time, the aggregate amount of Swing Line Advances outstanding to the Borrower. 
 “Swing Line Note” shall have the meaning assigned to it in Section 2.01(b)(ii) of the Funding Agreement. 
 “Synnex Canada Real Property Co.” shall have the meaning set forth in Annex A to the Credit Agreement. 
 “Synnex Mexico” shall mean Synnex de Mexico S.A. de C.V., a Subsidiary of the Originator. 
 “Termination Date” shall mean the date on which (a) the Outstanding Principal Amount has been permanently reduced to zero,
(b) all other Borrower Obligations under the Funding Agreement and the other Related Documents have been indefeasibly repaid in full and completely discharged and (c) the Facility Limit has been irrevocably reduced to zero in accordance
with the provisions of Section 2.02(b) of the Funding Agreement. 
 “Termination Event” shall have the meaning
assigned to it in Section 8.01 of the Funding Agreement. 
 “Title IV Plan” shall mean a Pension Plan (other
than a Multiemployer Plan) that is covered by Title IV of ERISA and that any Originator or ERISA Affiliate maintains, contributes to or has an obligation to contribute to on behalf of participants who are or were employed by any of them. 

 

			
	39	  	Annex X

 “Transaction Parties” means the Originators, the Servicer and, if the Parent is not the
Servicer, the Parent. 
 “Transfer” shall mean any Sale or contribution (or purported Sale or contribution) of Transferred
Receivables by any Originator to the Borrower pursuant to the terms of the Sale Agreement. 
 “Transfer Date” shall have the
meaning assigned to it in Section 2.01(a) of the Sale Agreement. 
 “Transferred Receivable” shall mean any Sold
Receivable or Contributed Receivable; provided that any Receivable repurchased by an Originator thereof pursuant to Section 4.04 of the Sale Agreement shall not be deemed to be a Transferred Receivable from and after the date of
such repurchase unless such Receivable has subsequently been repurchased by or contributed to the Borrower. 
 “UCC” shall
mean, with respect to any jurisdiction, the Uniform Commercial Code as the same may, from time to time, be enacted and in effect in such jurisdiction. 
 “Unapproved Receivable” shall mean any receivable (a)(i) with respect to which the Originator’s customer relationship with the Obligor thereof arises as a result of the acquisition by such
Originator of another Person, or (ii) that was originated in accordance with standards established by another Person acquired by an Originator, in each case, solely with respect to any such acquisitions that have not been approved in writing by
the Administrative Agent and the Lenders and then only for the period prior to any such approval, or (b) that constitutes a Mexico Receivable. 
 “Underfunded Plan” shall mean any Plan that has an Underfunding. 
 “Underfunding” shall mean,
with respect to any Title IV Plan, the excess, if any, of (a) the present value of all benefits under the Title IV Plan (based on the assumptions used to fund the Title IV Plan pursuant to Section 412 of the IRC) as of the most recent
valuation date over (b) the fair market value of the assets of such Title IV Plan as of such valuation date. 
 “Unfunded
Pension Liability” shall mean, at any time, the aggregate amount, if any, of the sum of (a) the amount by which the present value of all accrued benefits under each Title IV Plan exceeds the fair market value of all assets of such
Title IV Plan allocable to such benefits in accordance with Title IV of ERISA, all determined as of the most recent valuation date for each such Title IV Plan using the actuarial assumptions for funding purposes in effect under such Title IV Plan,
and (b) for a period of five years following a transaction that might reasonably be expected to be covered by Section 4069 of ERISA, the liabilities (whether or not accrued) that could be avoided by any Originator or any ERISA Affiliate as
a result of such transaction. 
 “Unrelated Amounts” shall have the meaning assigned to it in Section 7.03 of
the Sale Agreement. 
  

			
	40	  	Annex X

 “Weekly Report” shall have the meaning assigned to it in paragraph (a) of
Annex 5.02(a) to the Funding Agreement. 
 “Welfare Plan” means a Plan described in Section 3(i) of ERISA.

 “YC SUSI Administrator” shall mean Bank of America or an Affiliate thereof, as administrative trustee for YC SUSI.

 “Yield” means: 
 (i) for any Portion of Advances during any Interest Period to the extent a Conduit Lender funds such Portion of Advances through the issuance of Commercial Paper (directly or indirectly through a related commercial
paper issuer), 
  

			
	CPR × I ×	 	  D  
		 	360

 (ii) for any Portion of Advances funded by a Committed Lender and for any Portion
of Advances to the extent a Conduit Lender will not be funding such Portion of Advances through the issuance of Commercial Paper (directly or indirectly through a related commercial paper issuer), 
  

			
	AR × I ×	 	  D  
		 	360

 (iii) for any Swing Line Advance funded by a Swing Line Lender, 
  

			
	SLR × I ×	 	  D  
		 	360

 where 
  

					
	 AR
	 	=	  	the Alternate Rate for such Portion of Advances for such Interest Period,
			
	 CPR
	 	=	  	the CP Rate for such Conduit Lender for such Portion of Advances for such Interest Period (as determined by the applicable Administrator on or prior to the fifth (5th) Business Day of
the calendar month next following such Interest Period),
			
	 SLR
	 	=	  	the rate applicable to a Swing Line Advance equal to the sum of (i) the LIBOR Base Rate with a term equivalent to one month plus (ii) the Swing Line Advance Margin,
determined as of the date such Swing Line Advance is made,
			
	 D
	 	=	  	the actual number of days during the applicable Interest Period, and
			
	 I
	 	=	  	the weighted average of such Portion of Advances or Swing Line Advance outstanding during such Interest Period;

  

			
	41	  	Annex X

 provided that no provision of this Agreement shall require the payment or permit the collection of Yield in
excess of the maximum permitted by applicable law; provided further that at all times after the declaration or automatic occurrence of any Termination Event, Yield for all Portion of Advances shall be payable at the Default Rate; provided
further that notwithstanding the forgoing, all computations of Yield based on the Base Rate shall be based on a year of 365 or 366 days, as applicable; and provided further that the minimum Yield payable to the Swing Line Lender for each
Swing Line Advance for any Interest Period shall be $1,000. 
 SECTION 2. Other Terms and Rules of Construction. 
 (a) Accounting Terms. Unless otherwise specifically provided therein, any accounting term used in any Related Document shall have the meaning
customarily given such term in accordance with GAAP, and all financial computations thereunder shall be computed in accordance with GAAP consistently applied. That certain items or computations are explicitly modified by the phrase “in
accordance with GAAP” shall in no way be construed to limit the foregoing. 
 (b) Other Terms. All other undefined terms
contained in any of the Related Documents shall, unless the context indicates otherwise, have the meanings provided for by the UCC as in effect in the State of New York to the extent the same are used or defined therein. 
 (c) Rules of Construction. Unless otherwise specified, references in any Related Document or any of the Appendices thereto to a Section,
subsection or clause refer to such Section, subsection or clause as contained in such Related Document. The words “herein,” “hereof” and “hereunder” and other words of similar import used in any Related Document refer
to such Related Document as a whole, including all annexes, exhibits and schedules, as the same may from time to time be amended, restated, modified or supplemented, and not to any particular section, subsection or clause contained in such Related
Document or any such annex, exhibit or schedule. Any reference to any amount on any date of determination means such amount as of the close of business on such date of determination. Any reference to or definition of any document, instrument or
agreement shall, unless expressly noted otherwise, include the same as amended, restated, supplemented or otherwise modified from time to time. Wherever from the context it appears appropriate, each term stated in either the singular or plural shall
include the singular and the plural, and pronouns stated in the masculine, feminine or neuter gender shall include the masculine, feminine and neuter genders. The words “including,” “includes” and “include” shall be
deemed to be followed by the words “without limitation”; the word “or” is not exclusive; references to Persons include their respective successors and assigns (to the extent and only to the extent permitted by the Related
Documents) or, in the case of Governmental Authorities, Persons succeeding to the relevant functions of such Persons; and all references to statutes and related regulations shall include any amendments of the same and any successor statutes and
regulations. 
  

			
	42	  	Annex X

 (d) Rules of Construction for Determination of Ratios. The Ratios as of the last day of the
Settlement Period immediately preceding the Closing Date shall be established by the Administrative Agent on or prior to the Closing Date and the underlying calculations for periods immediately preceding the Closing Date to be used in future
calculations of the Ratios shall be established by the Administrative Agent on or prior to the Closing Date in accordance with the form of Monthly Report. For purposes of calculating the Ratios, (i) averages shall be computed by rounding to the
second decimal place and (ii) the Settlement Period in which the date of determination thereof occurs shall not be included in the computation thereof and the first Settlement Period immediately preceding such date of determination shall be
deemed to be the Settlement Period immediately preceding the Settlement Period in which such date of determination occurs. 
  

			
	43	  	Annex X

 ANNEX Y 
 SCHEDULE OF DOCUMENTS 
 Receivables Sale and Servicing
Agreement 

 ANNEX Z 
 FINANCIAL TESTS 
 (a) Minimum Net Worth. Servicer and its Subsidiaries on a consolidated basis
shall have a Net Worth, as of the Closing Date and as of the end of the fiscal quarter ending on November 30, 2005, of not less than $300,000,000. Thereafter, Servicer and its Subsidiaries on a consolidated basis shall have, as of the end of
each fiscal quarter in each fiscal year ending on and after November 30, 2006, a Net Worth at least equal to the sum of (i) the Net Worth required hereunder for the immediately preceding fiscal year plus (ii) an amount equal to fifty
percent (50%) of the positive net income of Servicer and its Subsidiaries on a consolidated basis for such immediately preceding fiscal year plus (iii) an amount equal to one hundred percent (100%) of the amount of any equity raised
by or capital contributed to Servicer during such immediately preceding fiscal year. 
 (b) Minimum Fixed Charge Coverage Ratio.
Servicer, on a consolidated basis with its Subsidiaries, shall have for each Rolling Period from and after the Rolling Period ending in November 2008, a Fixed Charge Coverage Ratio of not less than 1.25 to 1.00. 
 Capitalized terms used in this Annex Z and not otherwise defined below shall have the respective meanings ascribed to them in Annex X.

 “Capital Expenditures” shall mean, with respect to any Person, all expenditures (by the expenditure of cash or the
incurrence of Debt) by such Person during any measuring period for any fixed assets or improvements or for replacements, substitutions or additions thereto, that have a useful life of more than one year and that are required to be capitalized under
GAAP; provided that “Capital Expenditures” shall exclude (A) the purchase price of up to $12,500,000 paid or to be paid by Canadian Subsidiary in connection with its acquisition of Synnex Canada Real Property Co. ;
(B) expenditures made with respect to property to the extent (and only to the extent) such expenditures are made from the proceeds of property insurance used to restore or replace property that has been the subject of a casualty event covered
by such insurance; and (C) the aggregate amount of all expenditures (by the expenditure of cash or the incurrence of Debt) for any fixed assets or improvements or for replacements, substitutions or additions thereto, that have a useful life of
more than one year and that are required to be capitalized under GAAP made by Servicer and its Subsidiaries, with respect to (i) building a distribution facility in Olive Branch, Mississippi in an amount not to exceed $16 million,
(ii) acquiring its Fremont, California headquarters in an amount not to exceed $13 million, and (iii) expenditures at its Greenville, South Carolina facility in an amount not to exceed $7 million; provided that (A) such
expenditures under clause (i) are made within 18 months of March 27, 2008, (B) such expenditures under clause (ii) are made prior to December 31, 2009, (C) such expenditures under clause
(iii) are made prior to December 31, 2008, and (D) such expenditures under clauses (i) and (ii) shall be funded by the incurrence of Debt. 
  

			
		  	Receivables Sale and Servicing Agreement

 “EBITDA” shall mean, with respect to any Person and its Subsidiaries for any fiscal
period, the amount equal to (a) consolidated net income of such Person for such period, minus (b) the sum of (i) interest income (excluding any fee income characterized as interest income in accordance with GAAP and earned
under any contracts entered into by the such Person or any such Subsidiary, or any reseller customer thereof, with any governmental authority of the United Mexican States), (ii) gain from extraordinary items for such period, (iii) any
aggregate net gain (but not any aggregate net loss) during such period arising from the sale, exchange or other disposition of capital assets by such Person (including any fixed assets, whether tangible or intangible, all inventory sold in
conjunction with the disposition of fixed assets and all securities), and (iv) any other non-cash gains that have been added in determining consolidated net income (including LIFO adjustments), in each case to the extent included in the
calculation of consolidated net income of such Person for such period in accordance with GAAP, but without duplication, plus (c) the sum of (i) any provision for income taxes, (ii) Interest Expense, (iii) loss from
extraordinary items for such period, (iv) the amount of non-cash charges (including depreciation, amortization and LIFO adjustments) for such period, (v) amortized debt discount for such period, and (vi) the amount of any
deduction to consolidated net income as the result of any grant to any members of the management of such Person of any Stock, in each case to the extent included in the calculation of consolidated net income of such Person for such period in
accordance with GAAP, but without duplication. For purposes of this definition, the following items shall be excluded in determining consolidated net income of a Person: (A) the income (or deficit) of any other Person accrued prior to the date
it became a Subsidiary of, or was merged or consolidated into, such Person or any of such Person’s Subsidiaries; (B) the income (or deficit) of any other Person (other than a Subsidiary) in which such Person has an ownership interest,
except to the extent any such income has actually been received by such Person in the form of cash dividends or distributions; (C) the undistributed earnings of any Subsidiary of such Person to the extent that the declaration or payment of
dividends or similar distributions by such Subsidiary is not at the time permitted by the terms of any contractual obligation or requirement of law applicable to such Subsidiary; (D) any restoration to income of any contingency reserve, except
to the extent that provision for such reserve was made out of income accrued during such period; (E) any write-up of any asset; (F) any net gain from the collection of the proceeds of life insurance policies; (G) any net gain arising
from the acquisition of any securities, or the extinguishment, under GAAP, of any Debt, of such Person, (H) in the case of a successor to such Person by consolidation or merger or as a transferee of its assets, any earnings of such successor
prior to such consolidation, merger or transfer of assets, and (I) any deferred credit representing the excess of equity in any Subsidiary of such Person at the date of acquisition of such Subsidiary over the cost to such Person of the
investment in such Subsidiary. 
  

			
		  	Receivables Sale and Servicing Agreement

  

			
	Annex Z-2

 “Fixed Charge Coverage Ratio” shall mean, as of any date, the ratio of (a) EBITDA
for the Rolling Period ending on such date to (b) Fixed Charges for such period. 
 “Fixed Charges” shall mean, with
respect to any fiscal period of Servicer, the sum of (a) cash Interest Expense during such period, plus (b) regularly scheduled payments of principal on Debt of Servicer and its Subsidiaries paid during such period (other than
regularly scheduled payments or principal in respect of (i) Debt owing under this Agreement and the Credit Agreement), plus (c) the aggregate amount of all Capital Expenditures made by Servicer and its Subsidiaries during such
period, plus (d) income tax expense during such period, plus (e) any dividend, return of capital or any other distribution in connection with its Stock. 
 “Interest Expense” shall mean, with respect to any fiscal period of Servicer, interest expense (whether cash or non-cash) of Servicer and
its Subsidiaries on a consolidated basis for such period, including amortization of original issue discount on any Debt and of all fees payable in connection with the incurrence of such Debt (to the extent included in interest expense), the interest
portion of any deferred payment obligation and the interest component of any Capital Lease Obligation. 
 “Net Worth” shall
mean, as of any date, the excess of (a) the consolidated assets of Servicer and its Subsidiaries over (b) the consolidated liabilities of Servicer and its Subsidiaries as determined in accordance with GAAP. 
 “Rolling Period” shall mean, as of the end of any fiscal quarter of Servicer, the immediately preceding four (4) fiscal quarters,
including the fiscal quarter then ending. 
 (b) Rules of Construction. Unless otherwise specifically provided herein, any accounting
term used in this Annex Z shall have the meaning customarily given such term in accordance with GAAP, and all financial computations thereunder shall be computed on a consolidated basis in accordance with GAAP consistently applied. That certain
items or computations are explicitly modified by the phrase “in accordance with GAAP” shall in no way be construed to limit the foregoing. If any “Accounting Changes” (as defined below) occur and such changes result in a change
in the calculation of the financial, standards or terms used in this Annex Z or elsewhere in the Related Documents, then the parties thereto agree to enter into negotiations in order to amend such provisions so as to equitably reflect such
Accounting Changes with the desired result that the criteria for evaluating the financial condition of such Persons and their Subsidiaries shall be the same after giving effect to such Accounting Changes as if such Accounting Changes had not been
made. “Accounting Changes” means (i) changes in accounting principles required by the promulgation of any rule, regulation, pronouncement or opinion by the Financial Accounting Standards Board of the American Institute of
Certified Public Accountants (or successor thereto or any agency with similar functions), and (ii) changes in accounting principles concurred in by the Borrower’s Independent 
  

			
		  	Receivables Sale and Servicing Agreement

  

			
	Annex Z-3

 Accounting Firm. In the event that the parties to this Agreement shall have agreed upon any such required
amendment, then, after such amendment has been evidenced in writing and the underlying Accounting Change with respect thereto has been implemented, any reference to GAAP contained in this Annex Z shall, only to the extent of such Accounting Change,
refer to GAAP consistently applied after giving effect to the implementation of such Accounting Change. If such parties cannot agree upon the required amendments within thirty (30) days following the date of implementation of any Accounting
Change, then all financial statements delivered and all calculations of financial tests and other standards and terms in accordance with the Related Documents shall be prepared, delivered and made without regard to the underlying Accounting Change.

  

			
		  	Receivables Sale and Servicing Agreement

  

			
	Annex Z-4Third Amended and Restated Receivables Funding and Administration Agreement

 Exhibit 10.35 
 THIRD AMENDED AND RESTATED 
 RECEIVABLES FUNDING AND ADMINISTRATION AGREEMENT 
 Dated as of January 23, 2009 
 by and
among 
 SIT FUNDING CORPORATION, 
 as Borrower, 
 THE FINANCIAL INSTITUTIONS SIGNATORY HERETO FROM TIME TO TIME, 
 as Lenders, 
 and 
 BANK OF AMERICA, N.A., 
 as a Lender, as Swing
Line Lender and as Administrative Agent 

 TABLE OF CONTENTS 
  

					
	 	    	 	  	Page
	ARTICLE I.     DEFINITIONS AND INTERPRETATION	  	2
			
	 Section 1.01.
	    	Definitions	  	2
			
	 Section 1.02.
	    	Rules of Construction	  	2
			
	 Section 1.03.
	    	Amendment and Restatement	  	2
		
	ARTICLE II.     AMOUNTS AND TERMS OF ADVANCES	  	2
			
	 Section 2.01.
	    	Advances	  	2
			
	 Section 2.02.
	    	Optional Changes in Facility Limit	  	5
			
	 Section 2.03.
	    	Procedures for Making Advances	  	6
			
	 Section 2.04.
	    	Pledge and Release of Transferred Receivables	  	8
			
	 Section 2.05.
	    	Facility Termination Date	  	9
			
	 Section 2.06.
	    	Interest, Charges	  	9
			
	 Section 2.07.
	    	Fees	  	9
			
	 Section 2.08.
	    	Application of Collections; Time and Method of Payments	  	10
			
	 Section 2.09.
	    	Capital Requirements; Additional Costs	  	13
			
	 Section 2.10.
	    	Breakage Costs	  	15
		
	ARTICLE III.     CONDITIONS PRECEDENT	  	16
			
	 Section 3.01.
	    	Conditions to Effectiveness of Agreement	  	16
			
	 Section 3.02.
	    	Conditions Precedent to All Advances	  	17
		
	ARTICLE IV.     REPRESENTATIONS AND WARRANTIES	  	18
			
	 Section 4.01.
	    	Representations and Warranties of the Borrower	  	18
		
	ARTICLE V.     GENERAL COVENANTS OF THE BORROWER	  	28
			
	 Section 5.01.
	    	Affirmative Covenants of the Borrower	  	28
			
	 Section 5.02.
	    	Reporting Requirements of the Borrower	  	30
			
	 Section 5.03.
	    	Negative Covenants of the Borrower	  	31
			
	 Section 5.04.
	    	Supplemental Disclosure	  	33
		
	ARTICLE VI.     ACCOUNTS	  	34
			
	 Section 6.01.
	    	Establishment of Accounts	  	34
		
	ARTICLE VII.     GRANT OF SECURITY INTERESTS	  	37
			
	 Section 7.01.
	    	Borrower’s Grant of Security Interest	  	37
			
	 Section 7.02.
	    	Borrower’s Agreements	  	38

  

 -i- 

 TABLE OF CONTENTS 
 (continued) 
  

					
	 	    	 	  	Page
	 Section 7.03.
	    	Delivery of Collateral	  	39
			
	 Section 7.04.
	    	Borrower Remains Liable	  	39
			
	 Section 7.05.
	    	Covenants of the Borrower Regarding the Borrower Collateral	  	39
		
	ARTICLE VIII.     TERMINATION EVENTS	  	42
			
	 Section 8.01.
	    	Termination Events	  	42
		
	ARTICLE IX.     REMEDIES	  	46
			
	 Section 9.01.
	    	Actions Upon Termination Event	  	46
			
	 Section 9.02.
	    	Exercise of Remedies	  	47
			
	 Section 9.03.
	    	Power of Attorney	  	47
			
	 Section 9.04.
	    	Continuing Security Interest	  	48
		
	ARTICLE X.     INDEMNIFICATION	  	48
			
	 Section 10.01.
	    	Indemnities by the Borrower	  	48
		
	ARTICLE XI.     ADMINISTRATIVE AGENT	  	50
			
	 Section 11.01.
	    	Appointment and Authorization	  	50
			
	 Section 11.02.
	    	Delegation of Duties	  	50
			
	 Section 11.03.
	    	Liability of Administrative Agent and Managing Agents	  	50
			
	 Section 11.04.
	    	Reliance by the Administrative Agent and the Managing Agents	  	51
			
	 Section 11.05.
	    	Notice of Termination Event, Incipient Termination Event, Event of Servicer Termination or Incipient Servicer Termination Event	  	51
			
	 Section 11.06.
	    	Credit Decision; Disclosure of Information	  	52
			
	 Section 11.07.
	    	Indemnification	  	52
			
	 Section 11.08.
	    	Individual Capacity	  	53
			
	 Section 11.09.
	    	Resignation	  	53
			
	 Section 11.10.
	    	Payments by the Administrative Agent and the Managing Agents	  	54
			
	 Section 11.11.
	    	Setoff and Sharing of Payments	  	54
		
	ARTICLE XII.     MISCELLANEOUS	  	55
			
	 Section 12.01.
	    	Notices	  	55
			
	 Section 12.02.
	    	Binding Effect; Assignability	  	55

  

 -ii- 

 TABLE OF CONTENTS 
 (continued) 
  

					
	 	    	 	  	Page
	 Section 12.03.
	    	Termination; Survival of Borrower Obligations Upon Facility Termination Date	  	59
			
	 Section 12.04.
	    	Costs, Expenses and Taxes	  	59
			
	 Section 12.05.
	    	Confidentiality	  	61
			
	 Section 12.06.
	    	Complete Agreement; Modification of Agreement	  	62
			
	 Section 12.07.
	    	Amendments and Waivers	  	62
			
	 Section 12.08.
	    	No Waiver; Remedies	  	64
			
	 Section 12.09.
	    	GOVERNING LAW; CONSENT TO JURISDICTION; WAIVER OF JURY TRIAL	  	65
			
	 Section 12.10.
	    	Counterparts	  	66
			
	 Section 12.11.
	    	Severability	  	66
			
	 Section 12.12.
	    	Section Titles	  	66
			
	 Section 12.13.
	    	Further Assurances	  	67
			
	 Section 12.14.
	    	No Proceedings	  	67
			
	 Section 12.15.
	    	Limitation on Payments	  	67
			
	 Section 12.16.
	    	Limited Recourse	  	68
			
	 Section 12.17.
	    	Agreement Not to Petition	  	68
			
	ARTICLE XIII.	    		  	68
			
	 Section 13.01.
	    	Assignment to Committed Lenders	  	68
			
	 Section 13.02.
	    	Downgrade of Committed Lender	  	70
			
	 Section 13.03.
	    	Extension of Final Advance Date; Non-Renewing Committed Lenders	  	72
			
	 Section 13.04.
	    	Replacement of Lender	  	72

  

 -iii- 

 EXHIBITS 
  

			
	Exhibit 2.01(a)(ii)	  	Form of Revolving Note
	Exhibit 2.01(b)(ii)	  	Form of Swing Line Note
	Exhibit 2.02(a)	  	Form of Facility Limit Reduction Notice
	Exhibit 2.02(b)	  	Form of Facility Termination Notice
	Exhibit 2.03(a)	  	Form of Borrowing Request
	Exhibit 2.03(h)	  	Form of Repayment Notice
	Exhibit 5.02(b)	  	Form of Borrowing Base Certificate
	Exhibit 9.03	  	Form of Power of Attorney
	Exhibit 12.02(b)	  	Form of Assignment Agreement
	Exhibit A	  	Credit and Collection Policy
		
	Schedule 4.01(b)	  	Jurisdiction of Organization/Organizational Number; Executive Offices; Collateral Locations; Corporate or Other Names
	Schedule 4.01(i)	  	Tax Matters/Borrower
	Schedule 4.01(q)	  	Deposit and Disbursement Accounts/Borrower
	Schedule 5.01(b)	  	Trade Names/Borrower
	Schedule 5.03(b)	  	Existing Liens
	Schedule 6.01(a)	  	Agreed-Upon Procedures
	Schedule 12.01	  	Notice Information
		
	Annex 5.02(a)	  	Reporting Requirements of the Borrower (including Forms of Monthly Report, Weekly Report and Daily Report)
	Annex W	  	Administrative Agent’s Account/Lenders’ Accounts
	Annex X	  	Definitions and Interpretations
	Annex Y	  	Schedule of Documents
	Annex Z	  	Special Obligor Approval Notice

 THIS THIRD AMENDED AND RESTATED RECEIVABLES FUNDING AND ADMINISTRATION AGREEMENT (as amended, restated,
supplemented or otherwise modified and in effect from time to time, this “Agreement”) (a) is entered into as of January 23, 2009 by and among SIT FUNDING CORPORATION, a Delaware corporation (the
“Borrower”), SUMITOMO MITSUI BANKING CORPORATION, as a Committed Lender, MANHATTAN ASSET FUNDING COMPANY LLC and YC SUSI TRUST, as Discretionary Lenders, SMBC SECURITIES, INC., as Administrator for Manhattan Asset Funding Company
LLC and as Managing Agent for the SMBC Lender Group, and BANK OF AMERICA, N.A., a national banking association (“Bank of America”), as a Committed Lender, as swing line lender (in such capacity, the “Swing Line
Lender”), as administrative agent for the Lenders hereunder (in such capacity, the “Administrative Agent”), as Administrator for YC SUSI Trust and as Managing Agent for the Bank of America Lender Group, and the financial
institutions signatory hereto from time to time as lenders (together with the Committed Lenders and the Discretionary Lenders, the “Lenders”), and (b) amends and restates that certain Second Amended and Restated Receivables
Funding and Administration Agreement, dated February 12, 2007, among SIT Funding Corporation, as borrower, the financial institutions signatory thereto as lenders, and General Electric Capital Corporation, as a lender, as swing line lender and
as administrative agent (as heretofore amended, restated, supplemented and modified, the “Existing Receivables Purchase Agreement”). 
 RECITALS 
 A. The Borrower is a special purpose corporation, the sole shareholder of which is Parent.

 B. The Borrower has been formed for the purpose of purchasing, or otherwise acquiring by capital contribution, Receivables of the
Originators party to the Sale Agreement. 
 C. The Borrower intends to fund its purchases of the Receivables, in part, by borrowing Advances
and pledging all of its right, title and interest in and to the Receivables as security therefor, and, subject to the terms and conditions hereof, the Lenders intend to make such Advances from time to time, as described herein. 
 D. General Electric Capital Corporation and Bank of America, N.A. have entered into that certain Assignment and Acceptance Agreement (the
“Assignment and Acceptance Agreement”), dated as of the date hereof, pursuant to which General Electric Capital Corporation has assigned to Bank of America its rights as Lender, Swing Line Lender and Administrative Agent under the
Existing Receivables Purchase Agreement and other Related Documents (as defined in the Existing Receivables Purchase Agreement). 
 E. The
Administrative Agent has been requested and is willing to act as administrative agent on behalf of each of the Lenders in connection with the making and financing of such Advances. 

 AGREEMENT 
 NOW, THEREFORE, in consideration of the premises and the mutual covenants hereinafter contained, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties
hereto agree as follows: 
 ARTICLE I. 
 DEFINITIONS AND INTERPRETATION 
 Section 1.01. Definitions. Capitalized terms used herein and not otherwise defined
shall have the meanings ascribed to them in Annex X. 
 Section 1.02. Rules of Construction. For purposes of this
Agreement, the rules of construction set forth in Annex X shall govern. All Appendices hereto, or expressly identified to this Agreement, are incorporated herein by reference and, taken together with this Agreement, shall constitute but a
single agreement. 
 Section 1.03. Amendment and Restatement. Upon the satisfaction or waiver of the conditions precedent set
forth herein, (a) the terms and provisions of the Existing Receivables Purchase Agreement shall be amended, superseded and restated in their entirety by the terms and provisions of this Agreement and, unless expressly stated to the contrary,
each reference to the Existing Receivables Purchase Agreement in any of the Related Documents or any other document, instrument or agreement delivered in connection therewith shall mean and be a reference to this Agreement, (b) this Agreement
is not intended to and shall not constitute a novation of the Existing Receivables Purchase Agreement or the obligations and liabilities existing thereunder, (c) the commitment of each “Committed Purchaser” (as defined in the Existing
Receivables Purchase Agreement) that is a party to the Existing Receivables Purchase Agreement shall, on the Effective Date, automatically be deemed restated or terminated and the only Commitments shall be those hereunder, (d) with respect to
any date or time period occurring and ending prior to the Effective Date, the rights and obligations of the parties to the Existing Receivables Purchase Agreement shall be governed by the Existing Receivables Purchase Agreement and the other Related
Documents (as defined therein), and (e) with respect to any date or time period occurring and ending on or after the Effective Date, the rights and obligations of the parties hereto shall be governed by this Agreement and the other Related
Documents (as defined herein). 
 ARTICLE II. 
 AMOUNTS AND TERMS OF ADVANCES 
 Section 2.01. Advances. 
 (a) Revolving Credit Advances. (i) From and after the Effective Date and until the Facility Termination Date and subject to the terms and
conditions hereof, each Lender (other than the Swing Line Lender and the Discretionary Lenders) severally agrees to make its Pro Rata Share of advances (each such advance hereunder, a “Revolving Credit Advance”) to the Borrower from
time to time, subject to Section 2.01(c). The Outstanding Principal Amount of all Revolving Credit Advances shall not at any time exceed the 

  

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Maximum Advances Outstanding and the Outstanding Principal Amount of Revolving Credit Advances made by each Lender shall not exceed such Lender’s Pro
Rata Share of the Maximum Advances Outstanding. The Outstanding Principal Amount of Revolving Credit Advances made by each Lender Group shall not exceed the aggregate Pro Rata Share (of the Committed Lenders in such Lender Group) of the Maximum
Advances Outstanding. Except to the extent provided in Section 2.06(c), no Lender shall make any Revolving Credit Advances if, after giving effect thereto, a Funding Excess would exist. The Borrower may from time to time borrow, repay
and reborrow Revolving Credit Advances hereunder on the terms and conditions set forth herein. 
 (ii) The Borrower shall
execute and deliver to each Lender (other than the Swing Line Lender) that makes a request therefor, a note to evidence the Revolving Credit Advances which may be made hereunder from time to time by such Lender. Each such note shall be (x) in
the principal amount of the Pro Rata Share of the Maximum Advances Outstanding of the applicable Lender (or, in the case of a Discretionary Lender, in the principal amount of the aggregate Pro Rata Share (of the Committed Lenders in such
Discretionary Lender’s Lender Group) of the Maximum Advances Outstanding, (y) dated as of the date of issuance thereof, and (z) substantially in the form of Exhibit 2.01(a)(ii) (each, a “Revolving Note”). Each
Revolving Note shall represent the obligation of the Borrower to pay the amount of the applicable Lender’s portion of the aggregate Outstanding Principal Amount made to the Borrower, together with interest thereon as prescribed in
Section 2.06. The Outstanding Principal Amount of Revolving Credit Advances and all other accrued and unpaid Borrower Obligations shall be immediately due and payable in full in immediately available funds on the Facility Termination
Date. 
 (b) Swing Line Advances. (i) From and after the Effective Date and until the second Business Day preceding the Facility
Termination Date and subject to the terms and conditions hereof, the Swing Line Lender agrees to make advances (each such advance hereunder, a “Swing Line Advance”) to the Borrower from time to time; provided that no more
than three (3) Swing Line Advances may be made in any single calendar month. The aggregate amount of the Swing Line Loan shall not at any time exceed the Swing Line Commitment. Under no circumstances shall the Borrower request the Swing Line
Lender to make a Swing Line Advance if, after giving effect thereto, the aggregate amount of the Swing Line Loan would exceed the Swing Line Commitment. The Borrower shall not request the Swing Line Lender to make any Swing Line Advance, if after
giving effect thereto, a Funding Excess would exist. The Borrower may from time to time borrow, repay and reborrow Swing Line Advances hereunder on the terms and conditions set forth herein. Unless the Swing Line Lender has received at least one
Business Day’s prior written notice from the Lenders instructing it not to make a Swing Line Advance as a result of the failure of any condition precedent set forth in Section 3.01 or 3.02, the Swing Line Lender shall,
notwithstanding the failure of any condition precedent set forth in Section 3.01 or 3.02, be entitled to fund such Swing Line Advance, and to have the Lenders make Revolving Credit Advances in accordance with
Section 2.01(b)(iii). The Borrower shall repay the aggregate outstanding principal amount of the Swing Line Loan in full in immediately available funds on the Facility Termination Date. 
  

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 (ii) The Borrower shall execute and deliver to the Swing Line Lender a note to evidence
the Swing Line Loan. Such note shall be in the principal amount of the Swing Line Commitment, dated the Closing Date and substantially in the form of Exhibit 2.01(b)(ii) (the “Swing Line Note”). The Swing Line Note shall
represent the obligation of the Borrower to pay the Swing Line Loan, together with interest thereon as prescribed in Section 2.06. The Swing Line Loan and all other accrued and unpaid Borrower Obligations shall be immediately due and
payable in full in immediately available funds on the Facility Termination Date. 
 (iii) Each Committed Lender hereby agrees
that if the Swing Line Lender funds any Swing Line Advance such Committed Lender shall reimburse (if the Discretionary Lender in such Committed Lender’s Lender Group does not otherwise reimburse) the Swing Line Lender such Committed
Lender’s Pro Rata Share of the principal amount of the Swing Line Loan (the “Refunded Swing Line Loan”) and any such reimbursement of the Swing Line Lender shall constitute a Revolving Credit Advance hereunder. Regardless of
whether the conditions precedent set forth in Sections 3.01 and 3.02 to the making of a Revolving Credit Advance are then satisfied, each Committed Lender (or its applicable Discretionary Lender in accordance with
Section 2.01(c)) shall disburse directly to the Administrative Agent, its Pro Rata Share of a Revolving Credit Advance on behalf of the Swing Line Lender, prior to 3:00 p.m. (New York time), in immediately available funds on the Business
Day next succeeding the date on which the applicable Swing Line Loan was made (as set forth in the related Borrowing Request for such Swing Line Loan); provided that (i) no Lender shall be required to make such a Revolving Credit Advance
if, after giving effect to such Revolving Credit Advance, the Outstanding Principal Amount of the Revolving Credit Advances made by such Lender’s Lender Group would exceed the aggregate Pro Rata Share (of the Committed Lenders in such Lender
Group) of the Maximum Advances Outstanding, (ii) no Lender shall be required to make such a Revolving Credit Advance if, after giving effect to such Revolving Credit Advance, the Outstanding Principal Amount of the Revolving Credit Advances
made by such Lender would exceed such Lender’s Pro Rata Share of the Maximum Advances Outstanding and (iii) no Lender shall be required to make such a Revolving Credit Advance after the Final Advance Date. The proceeds of such Revolving
Credit Advances shall be immediately paid to the Swing Line Lender and applied to repay the Refunded Swing Line Loan. 
 (iv)
Each Committed Lender’s obligation to make Revolving Credit Advances in accordance with Section 2.01(b)(iii) shall, except to the extent described in the proviso set forth in the second to last sentence of
Section 2.01(b)(iii), be absolute and unconditional and shall not be affected by any circumstance, including (A) any setoff, counterclaim, recoupment, defense or other right that such Lender may have against the Swing Line Lender,
the Borrower or any other Person for any reason whatsoever; (B) the occurrence or continuance of any Termination Event or Incipient Termination Event; (C) any inability of the Borrower to satisfy the conditions precedent to borrowing set
forth in this Agreement at any time; or (D) any other circumstance, happening or event whatsoever, whether or not similar to any of the foregoing. If any Committed Lender does not make available to the Administrative Agent or the Swing Line
Lender, as applicable, the amount required pursuant to 

  

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Section 2.01(b)(iii), the Swing Line Lender shall be entitled to recover such amount on demand from such Committed Lender, together with interest
thereon for each day from the date of non-payment until such amount is paid in full at the Federal Funds Rate for the first two Business Days and at the Base Rate thereafter. 
 (c) Discretionary Lenders. Notwithstanding anything in this Agreement or any Related Document to the contrary, no Discretionary Lender shall have
any commitment hereunder and may fund Advances and refinance Swing Line Loans pursuant to Section 2.01(b)(iii) of this Agreement hereunder solely in its own discretion. If a Discretionary Lender does not elect to fund an Advance, the
related Committed Lenders in such Discretionary Lender’s Lender Group shall fund in its stead subject to the conditions set forth herein. While it is the intent of each Discretionary Lender to fund each requested Advance through the issuance of
Commercial Paper, the parties acknowledge that if any such Discretionary Lender is unable, or determines that it is undesirable, to issue Commercial Paper to fund all or any portion of the Advances, or is unable to repay such Commercial Paper upon
the maturity thereof such Discretionary Lender may put all or any portion of its Advances to its Program Support Providers at any time pursuant to the Program Support Agreement or to its Committed Lenders pursuant to Article XIII. 

Section 2.02. Optional Changes in Facility Limit. 
 (a) Partial Reduction of Facility Limit. So long as no Incipient Termination Event or Termination Event shall have occurred and be continuing, the Borrower may, not more than twice during each calendar year,
permanently reduce in part the Facility Limit; provided that (i) the Borrower shall give ten Business Days’ prior written notice of any such reduction to the Administrative Agent and each Managing Agent substantially in the form of
Exhibit 2.02(a) (each such notice, a “Facility Limit Reduction Notice”), (ii) any such partial reduction of the Facility Limit shall be in a minimum amount of $5,000,000 or an integral multiple thereof, and (iii) no
such partial reduction shall reduce the Facility Limit below the greater of (x) the Outstanding Principal Amount at such time and (y) $204,000,000. Any such partial reduction in the Facility Limit shall result in (i) a concurrent
reduction in the Maximum Advances Outstanding and (ii) a reduction in each Committed Lender’s Commitment in an amount equal to such Committed Lender’s Pro Rata Share of the amount by which the Aggregate Commitment is being reduced.

 (b) Facility Termination. The Borrower may, at any time, on at least 30 days’ prior written notice by the Borrower to the
Administrative Agent and each Managing Agent, terminate the facility provided in this Article II by irrevocably reducing the Facility Limit to zero; provided that (i) such notice of termination shall be substantially in the form
of Exhibit 2.02(b) (the “Facility Termination Notice”), (ii) the Borrower shall reduce the aggregate outstanding amount of Advances to zero, and make all payments required by Section 2.03(h) at the time and
in the manner specified therein and (iii) the Borrower shall pay any amounts owed under Section 2.02(d) in connection therewith. Upon such termination, the Borrower’s right to request that (1) any Lender make Revolving
Credit Advances or (2) the Swing Line Lender make Swing Line Advances hereunder shall in each case simultaneously terminate and the Facility Termination Date shall automatically occur. 
  

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 (c) Notices. Each Facility Termination Notice and Facility Limit Reduction Notice shall be
irrevocable and shall be effective (i) on the day of receipt if received by the Administrative Agent and the Managing Agents not later than 4:00 p.m. (New York time) on any Business Day and (ii) on the immediately succeeding Business Day
if received by the Administrative Agent and the Managing Agents after such time on such Business Day or if any such notice is received on a day other than a Business Day (regardless of the time of day such notice is received). Each Facility
Termination Notice or Facility Limit Reduction Notice shall specify, respectively, the amount of, or the amount of the proposed reduction in, the Facility Limit. 
 Section 2.03. Procedures for Making Advances. 
 (a) Borrowing Requests. Except as provided
in Section 2.06(c), each Borrowing shall be made upon notice by the Borrower to the Administrative Agent (with a copy to each Managing Agent) in the manner provided herein. Any such notice must be in writing and (i) in the case of a
Revolving Credit Advance, received no later than 3:00 p.m. (New York time) on the Business Day preceding the Business Day of the Proposed Advance Date set forth therein and (ii) in the case of a Swing Line Advance, received no later than 12:00
noon (New York time) on the Business Day of the proposed Advance Date set forth therein. Each such notice (a “Borrowing Request”) shall (i) be substantially in the form of Exhibit 2.03(a), (ii) be irrevocable and
(iii) specify the amount of the requested Borrowing (which shall be in a minimum amount of $1,000,000 or an integral multiple of $500,000 in excess of $1,000,000) and the proposed Advance Date (which shall be a Business Day), and shall include
such other information as may be required by the Lenders and the Administrative Agent. Each Borrowing Request shall be irrevocable and binding on the Borrower, and the Borrower shall indemnify each Lender against any loss or expense incurred by such
Lender, either directly or indirectly (including, in the case of any Conduit Lender, through a Program Support Agreement) as a result of any failure by the Borrower to complete such borrowing, including any loss (including loss of profit) or expense
incurred by the Administrative Agent, any Managing Agent or any Lender, either directly or indirectly (including, in the case of any Conduit Lender, pursuant to a Program Support Agreement) by reason of the liquidation or reemployment of funds
acquired by such Lender (or the applicable Program Support Provider(s)) (including funds obtained by issuing commercial paper or promissory notes or obtaining deposits or loans from third parties) in order to fund such borrowing. 
 (b) Advances; Payments. The Administrative Agent shall, promptly after receipt of a Borrowing Request and in any event prior to (I) 4:00 p.m.
(New York time), in the case of a Revolving Credit Advance and (II) 2:00 p.m. (New York time) in the case of a Swing Line Advance, in each case on the date such Borrowing Request is deemed received, by telecopy, telephone or other similar form of
communication notify each Managing Agent and the Swing Line Lender of its receipt of such Borrowing Request, and the applicable Lenders shall make the amount of such applicable Advance available to the Administrative Agent in same day funds by wire
transfer to the Agent Account not later than 3:00 p.m. (New York time) on the requested Advance Date. After receipt of such wire transfers (or, in the Administrative Agent’s sole discretion in accordance with Section 2.03(c), before
receipt of such wire transfers), subject to the terms hereof, the Administrative Agent shall make available to the Borrower by deposit into the Borrower Account on the Advance Date therefor, the amount of the requested Borrowing. 
  

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 (c) Availability of Lenders’ Advances. The Administrative Agent may assume that each Lender
(other than the Swing Line Lender) will make its Pro Rata Share of each Borrowing of Revolving Credit Advances available to the Administrative Agent on each Advance Date. If the Administrative Agent has made available to the Borrower such
Lender’s Pro Rata Share of any such Borrowing but such Pro Rata Share is not, in fact, paid to the Administrative Agent by such Lender when due, the Administrative Agent will be entitled to recover such amount on demand from such Lender without
set-off, counterclaim or deduction of any kind. If any Lender fails to pay the amount of its Pro Rata Share forthwith upon the Administrative Agent’s demand, the Administrative Agent shall promptly notify the Borrower and the Borrower shall
immediately repay such amount to the Administrative Agent. Nothing in this Section 2.03(c) or elsewhere in this Agreement or the other Related Documents shall be deemed to require the Administrative Agent to advance funds on behalf of
any Lender or to relieve any Lender from its obligation to fulfill its Commitment hereunder or to take any action that would prejudice any rights that the Borrower may have against any Lender as a result of any default by such Lender hereunder. To
the extent that the Administrative Agent advances funds to the Borrower on behalf of any Lender and is not reimbursed therefor on the same Business Day as such Revolving Credit Advance is made, the Administrative Agent shall be entitled to retain
for its account all interest accrued on such Revolving Credit Advance from the date of such Revolving Credit Advance to the date such Revolving Credit Advance is reimbursed by the applicable Lender. 
 (d) Return of Payments. (i) If the Administrative Agent pays an amount to a Lender under this Agreement in the belief or expectation that a
related payment has been or will be received by the Administrative Agent from the Borrower and such related payment is not received by the Administrative Agent, then the Administrative Agent will be entitled to recover such amount from such Lender
on demand without set-off, counterclaim or deduction of any kind. 
 (ii) If at any time any amount received by the
Administrative Agent under this Agreement must be returned to the Borrower or paid to any other Person pursuant to any insolvency law or otherwise, then, notwithstanding any other term or condition of this Agreement or any other Related Document,
the Administrative Agent will not be required to distribute any portion thereof to any Lender. In addition, each Lender will repay to the Administrative Agent on demand any portion of such amount that the Administrative Agent has distributed to such
Lender, together with interest at such rate, if any, as the Administrative Agent is required to pay to the Borrower or such other Person, without set-off, counterclaim or deduction of any kind. 
 (e) Non-Funding Lenders. The failure of any Lender (each such Lender, a “Non-Funding Lender”) to make any Revolving Credit
Advance required to be made by it on the date specified therefor shall not relieve any other Lender (each such other Lender, an “Other Lender”) of its obligations to make the Revolving Credit Advance required to be made by it, but
neither any Other Lender nor the Administrative Agent shall be responsible for the failure of any Non-Funding Lender to make a Revolving Credit Advance to be 

  

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made by such Non-Funding Lender. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights
under or with respect to any Related Document or constitute a “Lender” (or be included in the calculation of “Requisite Lenders” hereunder) for any voting or consent rights under or with respect to any Related
Document unless and until such Non-Funding Lender shall have cured in full its failures to make Revolving Credit Advances hereunder. 
 (f)
[Reserved]. 
 (g) [Reserved]. 
 (h) Principal Repayments. (i) The Borrower may repay outstanding Advances hereunder in part on any Settlement Date or in full at any time; provided that (i) the Borrower shall give not less than one Business
Day’s prior written notice of any such repayment to the Administrative Agent (with a copy to each Managing Agent) substantially in the form of Exhibit 2.03(h) (each such notice, a “Repayment Notice”), (ii) each such
notice shall be irrevocable, (iii) each such notice shall specify the amount of the requested repayment and the proposed date of such repayment (which shall be a Business Day), (iv) any such repayment shall be applied first to the Swing
Line Loan until the Outstanding Principal Amount thereof has been reduced to zero, and second to the outstanding Revolving Credit Advances, (v) each such repayment shall be deposited in the Agent Account and (vi) any such repayment must be
accompanied by payment of (A) all interest accrued and unpaid on the portion of the outstanding principal balance of the Advances to be repaid through but excluding the date of such repayment and (B) the amounts required to be paid in
accordance with Section 2.10, if any. Any such notice of repayment must be received by the Administrative Agent no later than 3:00 p.m. (New York time) on the Business Day immediately preceding the date of the proposed repayment;
provided further that the foregoing requirements shall not apply to repayment of the outstanding principal amount of Advances as a result of the application of Collections pursuant to Section 2.08. 
 Section 2.04. Pledge and Release of Transferred Receivables. 
 (a) Pledge. The Borrower shall indicate in its Records that the Transferred Receivables have been pledged hereunder and that the Administrative Agent has a lien on and security interest in all such Transferred
Receivables for the benefit of the Secured Parties. The Borrower shall, and shall cause the Servicer to, hold all Contracts and other documents relating to such Transferred Receivables in trust for the benefit of the Administrative Agent on behalf
of the Secured Parties in accordance with their interests hereunder. The Borrower hereby acknowledges that its retention and possession of such Contracts and documents shall at all times be at the sole discretion of the Administrative Agent and in a
custodial capacity for the Administrative Agent’s (on behalf of the Secured Parties) benefit only. 
 (b) Repurchases of Transferred
Receivables. If an Originator is required (or permitted) to repurchase Transferred Receivables from the Borrower pursuant to Section 4.04 of the Sale Agreement, upon payment by such Originator to the Concentration Account of the
applicable repurchase price thereof (which repurchase price shall not be less than an amount equal to the Outstanding Balance of such Transferred Receivable, the Administrative Agent on behalf of the Secured Parties shall release their liens on and
security interests in the Transferred Receivables being so repurchased. 
  

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 Section 2.05. Facility Termination Date. Notwithstanding anything to the contrary set forth
herein, no Lender shall have any obligation to make any Advances from and after the Facility Termination Date. 
 Section 2.06.
Interest, Charges. 
 (a) From time to time, for purposes of determining the Interest Periods applicable to the different portions of
the Outstanding Principal Amount funded by its Lender Group and of calculating Yield with respect thereto, each Managing Agent shall allocate the Outstanding Principal Amount allocable to its Lender Group to one or more tranches (each a
“Portion of Advances”). At any time, each Portion of Advances shall have only one Interest Period and one Rate Type. 
 (b)
All outstanding Borrower Obligations shall bear interest at the Default Rate from the date of any Termination Event until such Termination Event is waived. 
 (c) The Administrative Agent is authorized to, and at its sole election may, charge to the Borrower as Revolving Credit Advances and cause to be paid all Fees, Rating Agency fees, expenses, charges, costs, interest
and principal, other than principal of the Advances, owing by the Borrower under this Agreement or any of the other Related Documents if and to the extent the Borrower fails to pay any such amounts as and when due, and any charges so made shall
constitute part of the Outstanding Principal Amount hereunder even if such charges would cause the aggregate balance of the Outstanding Principal Amount to exceed the Borrowing Base. 
 Section 2.07. Fees. 
 (a) On the
Effective Date, the Borrower shall pay to the Agent Account, for the account of the Administrative Agent and the Lenders, as applicable, the fees set forth in the Fee Letter that are payable on the Effective Date. 
 (b) From and after the Closing Date, as additional compensation for the Lenders, the Borrower agrees to pay to Administrative Agent, for the ratable
benefit of such Lenders, monthly in arrears, on each Settlement Date, the Facility Fee by depositing such Facility Fee in the Agent Account. All computations of per annum fees hereunder shall be made on the basis of a year of 360 days
for the actual number of days (including the first but excluding the last day) elapsed. 
 (c) On each Settlement Date, the Borrower shall
pay to the Servicer or to the Successor Servicer, as applicable, the Servicing Fee or the Successor Servicing Fees and Expenses, respectively, in each case to the extent of available funds therefor pursuant to Section 2.08. 

 

 9 

 Section 2.08. Application of Collections; Time and Method of Payments. 
 (a) Each Advance shall mature, and be payable, on the earlier of (i) the date funds are allocated to such Advance pursuant to clause
(iv) or (v) of subsection (c) below (and in such case only to the extent of the funds so allocated), and (ii) the Facility Termination Date (in which case such Advance shall be payable in full). 
 (b) On each Business Day, the Borrower (or the Servicer on its behalf) shall allocate amounts on deposit in the Concentration Account on such day and not
previously allocated under this subsection (b) as follows, in the following order of priority: 
 (i)
first, to be retained in the Concentration Account and paid in accordance with clause (i) of the following subsection (c), an amount equal to the aggregate Fees accrued and unpaid through such date and all unreimbursed
expenses of the Administrative Agent which are reimbursable pursuant to the terms hereof; 
 (ii) second, to be
retained in the Concentration Account and paid in accordance with clause (ii) of the following subsection (c), an amount equal to the aggregate Yield (which, in the case of Yield computed by reference to the CP Rate, shall be
determined for such purpose using the CP Rate most recently determined by the applicable Administrator) with respect to all outstanding Advances then accrued and unpaid; provided that, at its option, the Borrower (or the Servicer on its
behalf) may elect to retain the aggregate Yield anticipated to accrue through the following Settlement Date (and not previously set aside) and, once so set aside, no additional funds need be set aside pursuant to this clause (ii) unless
in the interim any applicable Administrator provides an updated higher CP Rate; 
 (iii) third, if the Servicer has
been replaced as a result of the occurrence of an Event of Servicer Termination and such Servicer is not an Affiliate of the Parent, to be deposited into the Concentration Account and paid in accordance with clause (iii) of the following
subsection (c), an amount equal to the aggregate accrued and unpaid Servicing Fees through such date payable to such replacement Servicer; 
 (iv) fourth, to be retained in the Concentration Account and paid, pro rata, to the Persons entitled thereto, an amount equal to all outstanding Advances which are then due and payable; 
 (v) fifth, if any of the conditions precedent set forth in Section 3.02 shall not be satisfied, all such remaining
amounts not to exceed the Outstanding Principal Amount to be retained in the Concentration Account until paid in accordance with the following subsection (c) or all such conditions are satisfied; 
 (vi) sixth, to be retained in the Concentration Account and paid in accordance with the applicable provisions of the following
subsection (c), an amount equal to the aggregate amount of all other accrued and unpaid Borrower Obligations which are then required to be paid according to such subsection, including the expenses of the Lenders reimbursable under
Section 12.04; and 
  

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 (vii) seventh, unless a Termination Event or Incipient Termination Event has
occurred and is continuing or would result therefrom, any remaining amounts to be paid to the Borrower Account; provided that if a Termination Event or Incipient Termination Event has occurred and is continuing, such amounts shall remain in
the Concentration Account. 
 (c) On each Settlement Date the Borrower (or the Servicer on its behalf) shall withdraw amounts on deposit in
the Concentration Account and pay such amounts as follows in the following order of priority: 
 (i) first, to the
Agent Account, to the extent then due and payable, pro rata, to the payment of all Fees accrued and unpaid through such date and all unreimbursed expenses of the Administrative Agent which are reimbursable pursuant to the terms hereof;

 (ii) second, to the Agent Account, to the payment of accrued and unpaid Yield which is then due and payable in
respect of the applicable Advances, pro rata based upon amounts due; 
 (iii) third, if the Servicer has been
replaced as a result of the occurrence of an Event of Servicer Termination and such Servicer is not an Affiliate of the Parent, to the payment of the aggregate accrued and unpaid Servicing Fees through such date payable to such replacement Servicer;

 (iv) fourth, to the Agent Account, to the payment of any outstanding Advances then due and payable, pro rata;
provided that principal on Advances shall be applied in the following order, to the payment of the Outstanding Principal Amount of Advances, first, in respect of Swing Line Advances, and second, in respect of Revolving Credit
Advances, pro rata; 
 (v) fifth, if any of the conditions precedent set forth in Section 3.02 shall
not be satisfied, to the Agent Account, to the payment of the Outstanding Principal Amount of all other Advances, first, in respect of Swing Line Advances, and second, in respect of Revolving Credit Advances, together with amounts
payable with respect thereto under Section 2.10, if any, pro rata; 
 (vi) sixth, to the extent then
due and payable, pro rata, to the payment of all other obligations of the Borrower accrued and unpaid hereunder, including the expenses of the Lenders reimbursable under Section 12.04; and 
 (vii) seventh, to be paid to the Borrower Account. 
 (d) If and to the extent a Funding Excess exists on any Business Day, the Borrower shall retain an amount equal to the amount of such Funding Excess in the Concentration Account by no later than 11:00 a.m. (New York
time) on the immediately succeeding Business Day, which amount shall be applied by the Administrative Agent, first, in immediate repayment of the outstanding amount of Swing Line Advances, and second, if no Swing Line Advances are
outstanding, in immediate repayment of the outstanding amount of Revolving Credit Advances (together with amounts payable with respect thereto under Section 2.10). 
  

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 (e) The Borrower hereby irrevocably waives the right to direct the application of any and all payments
received from or on behalf of the Borrower, and the Borrower hereby irrevocably agrees that any and all such payments shall be applied by the Administrative Agent in accordance with this Section 2.08. 
 (f) All payments of principal of the Advances and all payments of interest, Fees and other amounts payable by the Borrower hereunder shall be made in
Dollars, in immediately available funds. Any such payment becoming due on a day other than a Business Day shall be payable on the next succeeding Business Day. Payments received at or prior to 1:00 p.m. (New York time) on any Business Day shall be
deemed to have been received on such Business Day. Payments received after 1:00 p.m. (New York time) on any Business Day or on a day that is not a Business Day shall be deemed to have been received on the following Business Day. 
 (g) Any and all payments by the Borrower hereunder shall be made in accordance with this Section 2.08 without setoff or counterclaim and free
and clear of and without deduction for any and all present or future taxes, levies, imposts, deductions, Charges or withholdings, excluding taxes imposed on or measured by the net income, gross receipts or franchise taxes of any Affected Party by
the jurisdictions under the laws of which such Affected Party is organized or by any political subdivisions thereof (such non-excluded taxes, levies, imposts, deductions, Charges and withholdings being “Indemnified Taxes”). If the
Borrower shall be required by law to deduct any Indemnified Taxes from or in respect of any sum payable hereunder, (i) the sum payable shall be increased as much as shall be necessary so that after making all required deductions (including
deductions applicable to additional sums payable under this Section 2.08) the Affected Party entitled to receive any such payment receives 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 taxing or other authority in accordance with applicable law. Within 30 days after the date of any payment of Indemnified Taxes, the
Borrower shall furnish to the Administrative Agent the original or a certified copy of a receipt evidencing payment thereof. The Borrower shall indemnify any Affected Party from and against, and, within ten days of demand therefor, pay any Affected
Party for, the full amount of Indemnified Taxes (together with any taxes imposed by any jurisdiction on amounts payable under this Section 2.08) paid by such Affected Party and any liability (including penalties, interest and expenses)
arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or legally asserted. 
 (h) Upon receipt of a
notice in accordance with Section 7.03 of the Sale Agreement, the Administrative Agent shall, if such amounts have not been applied to the Borrower Obligations, segregate the Unrelated Amounts and the same shall not be deemed to
constitute Collections on Transferred Receivables. 
  

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 Section 2.09. Capital Requirements; Additional Costs. 
 (a) Capital Requirements. If any Affected Party shall have determined that, after the date hereof, the adoption of or any change in any law,
treaty, governmental (or quasi governmental) rule, regulation, guideline or order regarding capital adequacy, reserve requirements or similar requirements or compliance by such Affected Party with any request or directive regarding capital adequacy,
reserve requirements or similar requirements (whether or not having the force of law) from any central bank or other Official Body increases or would have the effect of increasing the amount of capital, reserves or other funds required to be
maintained by such Affected Party against commitments made by it under this Agreement or any other Related Document or Program Support Agreement and thereby reducing the rate of return on such Affected Party’s capital as a consequence of its
commitments hereunder or thereunder, then the Borrower shall from time to time upon demand by the Administrative Agent pay to the Administrative Agent on behalf of such Affected Party additional amounts sufficient to compensate such Affected Party
for such reduction together with interest thereon from the date of any such demand until payment in full at the applicable Base Rate. A certificate as to the amount of that reduction and showing the basis of the computation thereof submitted by the
Affected Party to the Borrower shall be final, binding and conclusive on the parties hereto (absent manifest error) for all purposes. For the avoidance of doubt, any interpretation of Accounting Research Bulletin No. 51 by the Financial
Accounting Standards Board (including Interpretation No. 46: Consolidation of Variable Interest Entities (or any future statement or interpretation issued by the Financial Accounting Standards Board or any successor thereto)) shall constitute
an adoption, change, request or directive, and any implementation thereof shall be, subject to this Section 2.09(a). 
 (b)
Additional Costs. If, due to any Regulatory Change, there shall be any increase in the cost to any Affected Party of agreeing to make or making, funding or maintaining any commitment hereunder or under any other Related Document or Program
Support Agreement, including with respect to any Advances, or other Outstanding Principal Amount, or any reduction in any amount receivable by such Affected Party hereunder or thereunder, including with respect to any Advances, or other Outstanding
Principal Amount (any such increase in cost or reduction in amounts receivable are hereinafter referred to as “Additional Costs”), then the Borrower shall, from time to time upon demand by the Administrative Agent, pay to the
Administrative Agent on behalf of such Affected Party additional amounts sufficient to compensate such Affected Party for such Additional Costs together with interest thereon from the date demanded until payment in full thereof at the applicable
Base Rate. Each Affected Party agrees that, as promptly as practicable after it becomes aware of any circumstance referred to above that would result in any such Additional Costs, it shall, to the extent not inconsistent with its internal policies
of general application, use reasonable commercial efforts to minimize costs and expenses incurred by it and payable to it by the Borrower pursuant to this Section 2.09(b). 
 (c) Determination Binding. Determinations by any Affected Party for purposes of this Section 2.09 of the effect of any Regulatory
Change on its costs of making, funding or maintaining any commitments hereunder or under any other Related Documents or on amounts payable to it hereunder or thereunder or of the additional amounts required to compensate such Affected Party in
respect of any Additional Costs shall be set forth in a written notice to the Borrower in reasonable detail and shall be final, binding and conclusive on the Borrower (absent manifest error) for all purposes. 
  

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 (d) LIBOR Rate Protection; Illegality. (i) If any Managing Agent is unable to obtain on a
timely basis the information necessary to determine the LIBOR Rate for any proposed Interest Period, then 
 (A) such Managing
Agent shall forthwith notify its Conduit Lender or Committed Lenders, as applicable, and the Borrower that the LIBOR Rate cannot be determined for such Interest Period, and 
 (B) while such circumstances exist, none of such Conduit Lender, such Committed Lenders or such Managing Agent shall allocate any Portion
of Advances with respect to Advances made during such period or reallocate any Portion of Advances allocated to any then existing Interest Period ending during such period, to an Interest Period with respect to which Yield is calculated by reference
to the LIBOR Rate. 
 (ii) If, with respect to any outstanding Interest Period, a Conduit Lender or any Committed Lender on
behalf of which a Managing Agent holds any Portion of Advances notifies such Managing Agent that it is unable to obtain matching deposits in the London interbank market to fund its purchase or maintenance of such Portion of Advances or that the
LIBOR Rate applicable to such Portion of Advances will not adequately reflect the cost to the Person of funding or maintaining such Portion of Advances for such Interest Period, then (A) such Managing Agent shall forthwith so notify the
Borrower and (B) upon such notice and thereafter while such circumstances exist none of such Managing Agent, such Conduit Lender or such Committed Lender, as applicable, shall allocate any other Portion of Advances with respect to Investments
made during such period or reallocate any Portion of Advances allocated to any Interest Period ending during such period, to an Interest Period with respect to which Yield is calculated by reference to the LIBOR Rate. 
 (iii) Notwithstanding any other provision of this Agreement, if a Conduit Lender or any of the Committed Lenders, as applicable, shall
notify their respective Managing Agent that such Person has determined (or has been notified by any Program Support Provider) that the introduction after the Closing Date of or any change in or in the interpretation of any law makes it unlawful
(either for such Conduit Lender, such Committed Lender or such Program Support Provider, as applicable), or any central bank or other Official Body asserts that it is unlawful for such Conduit Lender, such Committed Lender or such Program Support
Provider, as applicable, to fund the purchases or maintenance of any Portion of Advances accruing Yield calculated by reference to the LIBOR Rate, then (A) as of the effective date of such notice from such Person to its Managing Agent, the
obligation or ability of such Conduit Lender or such Committed Lender, as applicable, to fund the making or maintenance of any Portion of Advances accruing Yield calculated by reference to the LIBOR Rate shall be suspended until such Person notifies
its Managing Agent that the circumstances causing such suspension no longer exist and (B) each Portion of Advances made or 

  

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maintained by such Person shall either (1) if such Person may lawfully continue to maintain such Portion of Advances accruing Yield calculated by
reference to the LIBOR Rate until the last day of the applicable Interest Period, be reallocated on the last day of such Interest Period to another Interest Period and shall accrue Yield calculated by reference to the Base Rate or (2) if such
Person shall determine that it may not lawfully continue to maintain such Portion of Advances accruing Yield calculated by reference to the LIBOR Rate until the end of the applicable Interest Period, such Person’s share of such Portion of
Advances allocated to such Interest Period shall be deemed to accrue Yield at the Base Rate from the effective date of such notice until the end of such Interest Period. 
 (e) Replacement of the Lenders. Upon any Lender’s making a claim for compensation under Section 2.09, the Borrowers may replace such Lender in accordance with Section 13.04.

 Section 2.10. Breakage Costs. (a) If (i) any LIBOR Rate Advances are, except by reason of the requirements in
Section 2.03(c), repaid in whole or in part on any date other than a Settlement Date (whether that repayment is made pursuant to any other provision of this Agreement or any other Related Document or is the result of acceleration, by
operation of law or otherwise); (ii) the Borrower shall default in payment when due of the principal amount of or interest on any LIBOR Rate Advance; (iii) the Borrower shall default in making any borrowing of LIBOR Rate Advances after the
Borrower has given notice requesting the same in accordance herewith (including any failure to satisfy conditions precedent to the making of any LIBOR Rate Advances); or (iv) the Borrower shall fail to make any prepayment of a LIBOR Rate
Advance after the Borrower has given a notice thereof in accordance herewith, then, in any such case, the Borrower shall indemnify and hold harmless each applicable Lender or Program Support Provider from and against all losses, costs and expenses
resulting from or arising from any of the foregoing (any such loss, cost or expense, “Breakage Costs”). Such indemnification shall include any loss (including loss of margin) or expense arising from the reemployment of funds
obtained by it or from fees payable to terminate deposits from which such funds were obtained (if any). For the purpose of calculating amounts payable under this subsection, each Lender shall be deemed to have actually funded its relevant LIBOR Rate
Advance through the purchase of a deposit bearing interest at the LIBOR Rate in an amount equal to the amount of that LIBOR Rate Advance; provided that each such Lender may fund each of its LIBOR Rate Advances in any manner it sees fit, and
the foregoing assumption shall be utilized only for the calculation of amounts payable under this subsection. This covenant shall survive the termination of this Agreement and the payment of the Revolving Notes and all other amounts payable
hereunder. The determination by any Lender of the amount of any such loss or expense shall be set forth in a written notice to the Borrower in reasonable detail and shall be final, binding and conclusive on the Borrower (absent manifest error) for
all purposes. 
 (b) In addition, the Borrower shall pay the Managing Agents for the account of the Conduit Lenders, as applicable, on
demand, such amount or amounts as shall compensate the Conduit Lenders for any loss, cost or expense incurred by the Conduit Lenders (as reasonably determined by its Managing Agent) as a result of any reduction of any Advance other than on the
maturity date of the Commercial Paper (or other financing source) funding such Advance, such compensation to be (i) limited to an amount equal to any loss or expense suffered by the Conduit Lenders (other than any loss of margin above the
applicable cost of funds) 

  

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during the period from the date of receipt of such repayment to (but excluding) the maturity date of such Commercial Paper (or other financing source) and
(ii) net of the income, if any, received by the recipient of such reductions from investing the proceeds of such reductions of such Advance. The determination by any Managing Agent of the amount of any such loss or expense shall be set forth in
a written notice to the Borrower in reasonable detail and shall be conclusive, absent manifest error. 
 ARTICLE III. 
 CONDITIONS PRECEDENT 
 Section 3.01.
Conditions to Effectiveness of Agreement. This Agreement shall not be effective until the date on which each of the following conditions have been satisfied, in the sole discretion of, or waived in writing by, the Managing Agents and the
Administrative Agent (such date, the “Effective Date”): 
 (a) Funding Agreement; Other Related Documents. This
Agreement, the Assignment and Acceptance Agreement, the Fee Letter and the other Related Documents shall have been duly executed by, and delivered to, the parties thereto and the Managing Agents and the Administrative Agent shall have received such
other documents, instruments, agreements and legal opinions as each Managing Agent and the Administrative Agent shall request in connection with the transactions contemplated by this Agreement, including all those listed in the Schedule of
Documents, each in form and substance satisfactory to each Managing Agent and the Administrative Agent. 
 (b) Governmental Approvals.
The Managing Agents and the Administrative Agent shall have received (i) satisfactory evidence that the Borrower, the Servicer and the Originators have obtained all required consents and approvals of all Persons, including all requisite
Governmental Authorities, to the execution, delivery and performance of this Agreement and the other Related Documents and the consummation of the transactions contemplated hereby or thereby or (ii) an Officer’s Certificate from each of
the Borrower and the Servicer in form and substance satisfactory to the Managing Agents and the Administrative Agent affirming that no such consents or approvals are required. 
 (c) Compliance with Laws. The Borrower and the Transaction Parties shall be in compliance with all applicable foreign, federal, state and local
laws and regulations, including those specifically referenced in Section 5.01(a), except to the extent noncompliance could not reasonably be expected to have a Material Adverse Effect. 
 (d) Payment of Fees. The Borrower shall have paid all fees required to be paid by it on the Effective Date, including all fees required hereunder
and under the Fee Letter, and shall have reimbursed the Administrative Agent, the Bank of America Lender Group and SMBC Lender Group for (i) all Rating Agency fees and (ii) all other reasonable fees, costs and expenses of closing the
transactions contemplated hereunder and under the other Related Documents, including the Administrative Agent’s, Bank of America Lender Group’s and SMBC Lender Group’s legal and audit expenses, and other document preparation costs.

  

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 (e) Representations and Warranties. Each representation and warranty by the Borrower and each
Transaction Party contained herein and in each other Related Document shall be true and correct as of the Effective Date, except to the extent that such representation or warranty expressly relates solely to an earlier date. 
 (f) No Termination Event. No Incipient Termination Event or Termination Event hereunder or any “Event of Default” or “Default”
(each as defined in the Credit Agreement) shall have occurred and be continuing or would result after giving effect to any of the transactions contemplated on the Closing Date. 
 (g) Audit. The Administrative Agent shall have completed a prefunding audit of the Receivables as of the Closing Date, the scope and results of
which are satisfactory to the Administrative Agent and each Managing Agent in its sole discretion. 
 (h) Material Adverse Change.
There will have been (i) no material adverse change individually or in the aggregate, (x) in the business, the industry in which the Parent or any Originator operates, the financial or other condition of the Parent, the Servicer, or any
Originator, or (y) in the Transferred Receivables or Related Property, taken as a whole, (ii) no litigation commenced which is reasonably likely to be adversely determined, and if so determined, would have a Material Adverse Effect on the
Parent, the Borrower, the Servicer, the Originators, their business, or which would challenge the transactions contemplated under this Agreement, the Sale Agreement and the other Related Documents, and (iii) since the Parent’s last audited
financial statements and except as otherwise disclosed in the financial projections provided to the Administrative Agent on or prior to the Effective Date, no material increase in the liabilities, liquidated or contingent, of the Parent, the
Servicer or the Originators, or material decrease in the assets of the Parent, the Servicer or the Originators. 
 (i) Waiver of Set-Off
Rights. Each Originator shall have waived its rights of set-off with respect to the Transferred Receivables. 
 (j) Rating Agency
Confirmations. The Administrative Agent shall have received such confirmations or assurances from the Rating Agencies deemed necessary or desirable by the Administrative Agent, the Bank of America Lender Group and the SMBC Lender Group.

 (k) Due Diligence. Representatives of the Managing Agents shall have successfully completed an on-site due diligence visit of the
Parent as set forth in Section 5.01(h). 
 (l) Agreed Upon Procedures. Representatives of Bank of America shall have
successfully completed a third-party, agreed upon procedures audit conducted in accordance with the Agreed-Upon Procedures. 
 Section 3.02. Conditions Precedent to All Advances. No Lender shall be obligated to make any Advances hereunder (including the initial Advances but excluding Advances made pursuant to Section 2.01(b)(iii) or
Section 2.06(c)) on any date if, as of the date thereof: 
  

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 (a) any representation or warranty of the Borrower, the Servicer or any Originator contained herein or in
any of the other Related Documents shall be untrue or incorrect in any material respect as of such date, either before or after giving effect to the Advances to be made on such date and to the application of the proceeds therefrom, except to the
extent that such representation or warranty expressly relates to an earlier date and except for changes therein expressly permitted by this Agreement; 
 (b) any event shall have occurred, or would result from the making of such Advances or from the application of the proceeds therefrom, that constitutes an Incipient Termination Event, a Termination Event, an Incipient
Servicer Termination Event or an Event of Servicer Termination; 
 (c) the Facility Termination Date shall have occurred; 
 (d) either before or after giving effect to such Advance and to the application of the proceeds therefrom, a Funding Excess would exist; 
 (e) any Originator, the Borrower or the Servicer shall fail to have taken such other action, including delivery of approvals, consents, opinions,
documents and instruments to the Managing Agents and the Administrative Agent, as any Managing Agent or the Administrative Agent and, if applicable, either Rating Agency, may reasonably request; 
 (f) on or prior to such date, the Borrower or the Servicer shall have failed to deliver any Monthly Report, Weekly Report, Daily Report or Borrowing Base
Certificate required to be delivered in accordance with Section 5.02 hereof or the Sale Agreement and such failure shall be continuing; or 
 (g) the Administrative Agent shall have determined that any event or condition has occurred that has had, or could reasonably be expected to have or result in, a Material Adverse Effect. 
 The delivery by the Borrower of a Borrowing Request and the acceptance by the Borrower of the funds from the related Borrowing on any Advance Date shall be deemed to
constitute, as of any such Advance Date, a representation and warranty by the Borrower that the conditions in this Section 3.02 have been satisfied. 
 ARTICLE IV. 
 REPRESENTATIONS AND WARRANTIES 
 Section 4.01. Representations and Warranties of the Borrower. To induce each Lender to make Advances from time to time and the Administrative
Agent and each Managing Agent to take any action required to be performed by it hereunder, the Borrower makes the following representations and warranties to each Lender, each Managing Agent and the Administrative Agent on the Effective Date and
each Advance Date, each and all of which shall survive the execution and delivery of this Agreement. 
  

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 (a) Existence; Compliance with Law. The Borrower (i) is a corporation duly formed, validly
existing and in good standing under the laws of its jurisdiction of incorporation, is a “registered organization” as defined in the UCC of such jurisdiction and is not organized under the laws of any other jurisdiction; (ii) is duly
qualified to do business and is in good standing in every jurisdiction in which the nature of its business requires it to be so qualified (except where the failure to be so qualified and in good standing would not have a Material Adverse Effect);
(iii) has the requisite power and authority and the legal right to own, pledge, mortgage, operate and convey all of its properties, to lease the property it operates under lease, and to conduct its business as now or proposed to be conducted,
and to execute and deliver this Agreement and the Related Documents to which it is a party and to perform the transactions contemplated hereby and thereby; (iv) has all licenses, permits, consents or approvals from or by, and has made all
filings with, and has given all notices to, all Governmental Authorities having jurisdiction, to the extent required for such ownership, operation and conduct, (except where the failure to have such licenses, permits, consents or approvals or make
such filings or give such notices would not have a Material Adverse Effect); (v) is in compliance with its certificate of incorporation and bylaws and other organizational documents; and (vi) is in compliance with all applicable provisions
of law (except where the failure to be in compliance would not have a Material Adverse Effect). 
 (b) Executive Offices; Collateral
Locations; Corporate or Other Names; FEIN. The state of organization and the organization identification number of the Borrower and current location of the Borrower’s executive office, principal place of business, other offices, the
premises within which any Borrower Collateral is stored or located are set forth in Schedule 4.01(b) and except as set forth in Schedule 4.01(b), such locations have not changed during the preceding twelve months. In addition,
Schedule 4.01(b) lists the federal employer identification number of the Borrower. 
 (c) Power, Authorization, Enforceable
Obligations. The execution, delivery and performance by the Borrower of this Agreement and the other Related Documents to which it is a party, and the creation and perfection of all Liens and ownership interests provided for herein and therein:
(i) are within the Borrower’s corporate power; (ii) have been duly authorized by all necessary corporate or other actions; (iii) do not contravene any provision of the Borrower’s certificate of incorporation or bylaws;
(iv) do not violate any law or regulation, or any order or decree of any court or Governmental Authority; (v) do not contravene, or cause Borrower or Originator to be in default under, any contractual restriction contained in any
indenture, loan or credit agreement, lease, mortgage, security agreement, bond, note or other agreement or instrument binding on or affecting Borrower or Originator or its property; (vi) do not result in the creation or imposition of any
Adverse Claim upon any of the property of the Borrower or any Originator; and (vii) do not require the consent or approval of any Governmental Authority or any other Person, except those which have been duly obtained, made or complied with
prior to the Effective Date as provided in Section 3.01(b). The exercise by each of the Borrower, the Lenders, the Managing Agents or the Administrative Agent of any of its rights and remedies under any Related Document to which it is a
party do not require the consent or approval of any Governmental Authority or any other Person, except those which will have been duly obtained, made or complied with prior to the Closing Date as provided in Section 3.01(b). At or prior
to the Effective Date, each of the Related Documents to which the Borrower is a party shall have been duly executed and delivered by 

  

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the Borrower and each such Related Document shall then constitute a legal, valid and binding obligation of the Borrower enforceable against it in accordance
with its terms, subject, as to enforceability, to (A) any applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect relating to or affecting the enforceability of creditors’ rights
generally and (B) general equitable principles, whether applied in a proceeding at law or in equity. 
 (d) No Litigation. No
Litigation is now pending or, to the knowledge of the Borrower, threatened against the Borrower before any Governmental Authority which (i) challenges the Borrower’s right, power or competence to enter into or perform any of its
obligations under the Related Documents to which it is a party, or the validity or enforceability of any Related Document or any action taken thereunder, (ii) seeks to prevent the transfer, sale, pledge or contribution of any Receivable or the
consummation of any of the transactions contemplated under this Agreement or the other Related Documents, or (iii) is reasonably likely to be adversely determined and, if adversely determined, would result in a Material Adverse Effect. To the
knowledge of Borrower, there does not exist a state of facts which is reasonably likely to give rise to such proceedings. Borrower is not a party to any consent decree. 
 (e) Solvency. After giving effect to the sale or contribution of Receivables and the Advances on such date and to the application of the proceeds therefrom, the Borrower is and will be Solvent. 
 (f) Material Adverse Effect. Since the date of the Borrower’s organization, no event has occurred with respect to the Borrower that alone or
together with other events could reasonably be expected to have a Material Adverse Effect. 
 (g) Ownership of Property; Liens. None
of the properties and assets (including the Transferred Receivables) of the Borrower are subject to any Adverse Claims other than Permitted Encumbrances not attaching to Transferred Receivables, and there are no facts, circumstances or conditions
known to the Borrower that may result in (i) with respect to the Transferred Receivables, any Adverse Claims (including Adverse Claims arising under environmental laws) and (ii) with respect to its other properties and assets, any Adverse
Claims (including Adverse Claims arising under environmental laws) other than Permitted Encumbrances. The Borrower has received all assignments, bills of sale and other documents, and has duly effected all recordings, filings and other actions
necessary to establish, protect and perfect the Borrower’s right, title and interest in and to the Transferred Receivables and its other properties and assets. No effective financing statement or other similar instrument are of record in any
filing office listing the Borrower or any Originator as debtor and covering any of the Transferred Receivables or the other Borrower Collateral, and the Liens granted to the Administrative Agent pursuant to Section 7.01 are and will be
at all times fully perfected first priority Liens in and to the Borrower Collateral. 
 (h) Ventures, Subsidiaries and Affiliates;
Outstanding Stock and Indebtedness. The Borrower has no Subsidiaries, and is not engaged in any joint venture or partnership with any other Person or has any equity interest in any other Person. The Borrower has no Investments in any Person
other than Permitted Investments. The Parent is the only shareholder of the Borrower. There are no outstanding rights to purchase stock, options, warrants or similar rights, agreements or plans pursuant to which the Borrower may be required to
issue, sell, or purchase any Stock or other equity security. Other than the Subordinated Loans, the Borrower has no outstanding Debt. 
  

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 (i) Taxes. All tax returns, reports and statements, including information returns (Form 1120-S),
required by any Governmental Authority to be filed by the Borrower and all material tax returns, reports and statements, including information returns, required by any Governmental Authority to be filed by any Affiliate of the Borrower, have in each
case been filed with the appropriate Governmental Authority and all Charges and other impositions shown thereon to be due and payable (other than Charges or other impositions which Borrower is diligently contesting in good faith by appropriate
proceedings, in respect of which no final unappealable order has been made against Borrower, and with respect to which Borrower is maintaining adequate reserves under GAAP) have been paid prior to the date on which any fine, penalty, interest or
late charge may be added thereto for nonpayment thereof, or any such fine, penalty, interest, late charge or loss has been paid. Borrower has paid when due and payable all material Charges required to be paid by it. Proper and accurate amounts have
been withheld by the Borrower or such Affiliate from its employees (as applicable) for all periods in full and complete compliance with the tax, social security and unemployment withholding provisions of applicable federal, state, local and foreign
law and such withholdings have been timely paid to the respective Governmental Authorities. Schedule 4.01(i) sets forth those taxable years for which the Borrower’s or such Affiliates’ are currently being audited by the IRS or
any other applicable Governmental Authority and any assessments or threatened assessments in connection with any such audit or otherwise currently outstanding. Except as described in Schedule 4.01(i), neither the Borrower nor any such
Affiliate has executed or filed with the IRS or any other Governmental Authority any agreement or other document extending, or having the effect of extending, the period for assessment or collection of any Charges. Neither as of nor following the
Effective Date have the Borrower or any of its Affiliates included in the Parent Group agreed or been requested to make any adjustment under IRC 481(a) by reason of a change in accounting method or otherwise that could reasonably be expected to have
a Material Adverse Effect. 
 (j) Full Disclosure. No information contained in this Agreement, any Borrowing Base Certificate or any
of the other Related Documents, or any other written statement or information furnished by or on behalf of the Borrower to any Lender, any Managing Agent or the Administrative Agent relating to this Agreement, the Transferred Receivables or any of
the other Related Documents, contains any untrue statement of a material fact or omits to state a material fact necessary to make the statements contained herein or therein not misleading in light of the circumstances under which they were made. All
business plans and other forecasts and projections (including the Projections) furnished by or on behalf of the Borrower and made available to any Lender, any Managing Agent or the Administrative Agent relating to the financial condition,
operations, business, properties or prospects of Borrower were prepared in good faith on the basis of the facts and assumptions stated therein, which assumptions were fair in light of the conditions existing at the time of delivery of such
forecasts, and represented, at the time of delivery, Borrower’s reasonable estimate of its plans, forecasts or projections, as applicable, based on the information available at the time (it being acknowledged that actual results may vary, and
such variations may be material). 
 (k) ERISA. During the twelve-consecutive-month period prior to the date of the execution and
delivery of this Agreement, no steps have been taken to terminate any Pension Plan, and no contribution failure has occurred with respect to any Pension Plan 

  

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sufficient to give rise to a lien under section 303(k) of ERISA. No condition exists or event or transaction has occurred with respect to any Pension Plan
which could result in the Borrower or any ERISA Affiliate incurring any material liability, fine or penalty. 
 (l) Brokers. No broker
or finder acting on behalf of the Borrower was employed or utilized in connection with this Agreement or the other Related Documents or the transactions contemplated hereby or thereby and the Borrower has no obligation to any Person in respect of
any finder’s or brokerage fees in connection therewith. 
 (m) Margin Regulations. The Borrower is not engaged in the business of
extending credit for the purpose of “purchasing” or “carrying” any “margin security,” as such terms are defined in Regulation U of the Federal Reserve Board as now and from time to time hereafter in effect (such
securities being referred to herein as “Margin Stock”). The Borrower owns no Margin Stock, and no portion of the proceeds of the Advances made hereunder will be used, directly or indirectly, for the purpose of purchasing or carrying
any Margin Stock, for the purpose of reducing or retiring any Debt that was originally incurred to purchase or carry any Margin Stock or for any other purpose that might cause any portion of such proceeds to be considered a “purpose
credit” within the meaning of Regulations T, U or X of the Federal Reserve Board. The Borrower will not take or permit to be taken any action that might cause any Related Document to violate any regulation of the Federal Reserve Board.

 (n) Nonapplicability of Bulk Sales Laws. No transaction contemplated by this Agreement or any of the Related Documents requires
compliance with any bulk sales act or similar law. 
 (o) Government Regulation. The Borrower is not (i) an “investment
company” or an “affiliated person” of, or “promoter” or “principal underwriter” for, an “investment company,” as such terms are defined in the Investment Company Act or (ii) subject to regulation
under the Federal Power Act, or any other federal or state statute that restricts or limits its ability to incur Debt or to perform its obligations hereunder or under any other Related Document. The making of Advances by the Lenders hereunder, the
application of the proceeds thereof and the consummation of the transactions contemplated by this Agreement and the other Related Documents will not violate any provision of any such statute or any rule, regulation or order issued by the Securities
and Exchange Commission. 
 (p) Nonconsolidation. The Borrower is operated in such a manner that the separate corporate existence of
the Borrower, on the one hand, and any member of the Parent Group, on the other hand, would not be disregarded in the event of the bankruptcy or insolvency of any member of the Parent Group and, without limiting the generality of the foregoing:

 (i) the Borrower is a limited purpose corporation whose activities are restricted in its certificate of incorporation to
those activities expressly permitted hereunder and under the other Related Documents and the Borrower has not engaged, and does not presently engage, in any business or other activity other than those activities expressly permitted hereunder and
under the other Related Documents, nor has the Borrower entered into any agreement other than this Agreement, the other Related 

  

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Documents to which it is a party and, with the prior written consent of the Administrative Agent and the Requisite Lenders, any other agreement necessary to
carry out more effectively the provisions and purposes hereof or thereof; 
 (ii) the Borrower has duly appointed a board of
directors and its business is managed solely by its own officers and directors, each of whom when acting for the Borrower shall be acting solely in his or her capacity as an officer or director of the Borrower and not as an officer, director,
employee or agent of any member of the Parent Group; 
 (iii)(A) Borrower shall compensate all consultants and agents directly
or indirectly through reimbursement of the Parent, from its own funds, for services provided to the Borrower by such consultants and agents and, to the extent any consultant or agent of the Borrower is also an employee, consultant or agent of such
member of the Parent Group on a basis which reflects the respective services rendered to the Borrower and such member of the Parent Group and in accordance with the terms of the Administrative Services Agreement and (B) Borrower shall not have
any employees; 
 (iv) Borrower shall pay its own incidental administrative costs and expenses not covered under the terms of
the Administrative Services Agreement from its own funds, and shall allocate all other shared overhead expenses (including telephone and other utility charges, the services of shared consultants and agents, and reasonable legal and auditing
expenses) which are not reflected in the Servicing Fee, and other items of cost and expense shared between the Borrower and the Parent, pursuant to the terms of the Administrative Services Agreement, on the basis of actual use to the extent
practicable and, to the extent such allocation is not practicable, on a basis reasonably related to actual use or the value of services rendered; except as otherwise expressly permitted hereunder, under the other Related Documents and under the
Borrower’s organizational documents, no member of the Parent Group (A) pays the Borrower’s expenses, (B) guarantees the Borrower’s obligations, or (C) advances funds to the Borrower for the payment of expenses or
otherwise; 
 (v) other than the purchase and acceptance through capital contribution of Transferred Receivables pursuant to
the Sale Agreement, the acceptance of Subordinated Loans pursuant to the Sale Agreement, the payment of distributions and the return of capital to the Parent, the payment of Servicing Fees to the Servicer under the Sale Agreement and the
transactions contemplated under the Administrative Services Agreement, the Borrower engages and has engaged in no intercorporate transactions with any member of the Parent Group; 
 (vi) the Borrower maintains records and books of account separate from that of each member of the Parent Group, holds regular meetings of
its board of directors and otherwise observes corporate formalities; 
 (vii) (A) the financial statements (other than
consolidated financial statements) and books and records of the Borrower and each member of the Parent Group reflect the separate existence of the Borrower and (B) the consolidated financial statements of the Parent Group shall contain
disclosure to the effect that the Borrower’s assets are not available to the creditors of any member of the Parent Group; 
  

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 (viii) (A) the Borrower maintains its assets separately from the assets of each member of
the Parent Group (including through the maintenance of separate bank accounts and except for any Records to the extent necessary to assist the Servicer in connection with the servicing of the Transferred Receivables), (B) except as contemplated
by the Administrative Services Agreement, the Borrower’s funds (including all money, checks and other cash proceeds) and assets, and records relating thereto, have not been and are not commingled with those of any member of the Parent Group and
(C) the separate creditors of the Borrower will be entitled, on the winding-up of the Borrower, to be satisfied out of the Borrower’s assets prior to any value in the Borrower becoming available to the Parent; 
 (ix) all business correspondence and other communications of the Borrower are conducted in the Borrower’s own name, on its own
stationery and through a separately-listed telephone number; 
 (x) the Borrower has and shall maintain separate office space
from the offices of any member of the Parent Group and identify such office by a sign in its own name; 
 (xi) the Borrower
shall respond to any inquiries with respect to ownership of a Transferred Receivable by stating that it is the owner of such Transferred Receivable, and that such Transferred Receivable is pledged to the Administrative Agent for the benefit of the
Lenders; 
 (xii) the Borrower does not act as agent for any member of the Parent Group, but instead presents itself to the
public as a legal entity separate from each such member and independently engaged in the business of purchasing and financing Receivables; 
 (xiii) the Borrower maintains at least two independent directors each of whom (A) is not a Stockholder, director, officer, employee or associate, or any relative of the foregoing, of any member of the Parent
Group (other than the Borrower), all as provided in its certificate of incorporation, (B) has (1) prior experience as an independent director for an entity whose organizational documents required the unanimous consent of all independent
directors thereof before such corporation could consent to the institution of bankruptcy or insolvency proceedings against it or could file a petition seeking relief under any applicable federal or state law relating to bankruptcy and (2) at
least three years of employment experience with one or more entities that provide, in the ordinary course of their respective businesses, advisory, management, independent director services or placement services to issuers of securitization or
structured finance instruments, agreements or securities, and (C) is otherwise acceptable to the Administrative Agent, and the retention arrangement with such independent directors requires them to consider the interests of Borrower;

  

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 (xiv) the bylaws or certificate of incorporation of the Borrower require the affirmative
vote of each independent director before a voluntary petition under Section 301 of the Bankruptcy Code may be filed by the Borrower; 
 (xv) Borrower shall maintain (1) correct and complete books and records of account and (2) minutes of the meetings and other proceedings of its shareholders and board of directors; 
 (xvi) Borrower shall not hold out credit as being available to satisfy obligations of others; 
 (xvii) Borrower shall not acquire obligations or Stock of any member of the Parent Group; 
 (xviii) Borrower shall correct any known misunderstanding regarding its separate identity; 
 (xix) Borrower shall maintain adequate capital; and 
 (xx) Borrower shall comply with each of the assumptions set forth in that certain legal opinion delivered by Pillsbury Winthrop Shaw
Pittman LLP with respect to true sale and non-substantive consolidation matters. 
 (q) Deposit and Disbursement Accounts. Schedule
4.01(q) lists all banks and other financial institutions at which the Borrower maintains deposit or other bank accounts as of the Closing Date, including any Account, and such schedule correctly identifies the name, address and telephone number
of each depository, the name in which the account is held, a description of the purpose of the account, and the complete account number therefor. Each Account constitutes a deposit account within the meaning of the applicable UCC. The Borrower (or
the Servicer on its behalf) has delivered to the Administrative Agent a fully executed agreement pursuant to which each of the Borrower Account Bank (with respect to the Borrower Account), the Concentration Account Bank (with respect to the
Concentration Account) and the Collection Account Bank (with respect to the Collection Account) has agreed to comply with all instructions originated by the Administrative Agent directing the disposition of funds in the Accounts without further
consent by the Borrower, the Servicer or any Originator. No Account is in the name of any person other than the Borrower or the Administrative Agent, and the Borrower has not consented to any Bank following the instructions of any Person other than
the Administrative Agent. Accordingly, the Administrative Agent has a first priority perfected security interest in each Account, and all funds on deposit therein. 
 (r) Transferred Receivables. 
 (i) Transfers. Each Transferred Receivable was
purchased by or contributed to the Borrower on the relevant Transfer Date pursuant to the Sale Agreement. 
 (ii)
Eligibility. Each Transferred Receivable designated as an Eligible Receivable in each Borrowing Base Certificate, 

  

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Monthly Report, Weekly Report or Daily Report, as the case may be, constitutes an Eligible Receivable as of the date specified in such Borrowing Base
Certificate, Monthly Report, Weekly Report or Daily Report, as applicable. 
 (iii) No Material Adverse Effect. The
Borrower has no actual knowledge of any fact (including any defaults by the Obligor thereunder on any other Receivable) that would cause it or should have caused it to expect that any payments on any Transferred Receivable designated as an Eligible
Receivable in any Borrowing Base Certificate, Monthly Report, Weekly Report or Daily Report, as applicable, will not be paid in full when due or that has caused it to expect any material adverse effect on any such Transferred Receivable. 

(iv) Nonavoidability of Transfers. The Borrower shall (A) have received each Contributed Receivable as a contribution to
the capital of the Borrower by the Parent as a stockholder of the Borrower and (B) (1) have purchased each Sold Receivable from the applicable Originator for cash consideration or with the proceeds of a Subordinated Loan and (2) have
accepted assignment of any Eligible Receivables transferred pursuant to clause (b) of Section 4.04 of the Sale Agreement, in each case in an amount that constitutes fair consideration and reasonably equivalent value therefor.
No Sale has been made for or on account of an antecedent debt owed by any Originator to the Borrower and no such Sale is or may be avoidable or subject to avoidance under any bankruptcy laws, rules or regulations. 
 (s) Assignment of Interest in Related Documents. The Borrower’s interests in, to and under the Sale Agreement and each Originator Support
Agreement, if any, have been assigned by the Borrower to the Administrative Agent (for the benefit of itself and the Lenders) as security for the Borrower Obligations. 
 (t) Notices to Obligors. Each Obligor of Transferred Receivables has been directed to remit all payments with respect to such Receivables for deposit in a Lockbox or the Concentration Account. 
 (u) Representations and Warranties in Other Related Documents. Each of the representations and warranties of the Borrower contained in the Related
Documents (other than this Agreement) is true and correct in all respects and the Borrower hereby makes each such representation and warranty to, and for the benefit of, the Lenders, the Managing Agents and the Administrative Agent as if the same
were set forth in full herein. 
 (v) Supplementary Representations. 
 (i) Receivables; Lock-Box Accounts. (A) Each Transferred Receivable constitutes an “account” or a “general
intangible” within the meaning of the applicable UCC, and (B) each Account constitutes a “deposit account” within the meaning of the applicable UCC. 
 (ii) Creation of Security Interest. The Borrower owns and has good and marketable title to the Transferred Receivables, Accounts
and Lockboxes, free and clear of any Adverse Claim. The Agreement creates a valid and continuing 

  

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security interest (as defined in the applicable UCC) in the Transferred Receivables, Accounts and Lockboxes in favor of the Administrative Agent (on behalf
of the Secured Parties), which security interest is prior to all other Adverse Claims and is enforceable as such as against any creditors of and purchasers from the Borrower. 
 (iii) Perfection. Within ten days of the Effective Date: (A) the Borrower has caused the filing of all appropriate financing
statements in the proper filing office in the appropriate jurisdictions under applicable law and entered into Account Agreements in order to perfect the sale of the Transferred Receivables from the Originators to the Borrower pursuant to the Sale
Agreement and the security interest granted by the Borrower to the Administrative Agent (on behalf of the Secured Parties) in the Transferred Receivables hereunder; (B) with respect to the Borrower Account, the Borrower has delivered to the
Administrative Agent (on behalf of itself and the Lenders), a fully executed Borrower Account Agreement pursuant to which the Borrower Account Bank has agreed, following the occurrence and continuation of a Termination Event, to comply with all
instructions given by the Administrative Agent with respect to all funds on deposit in the Borrower Account, without further consent by the Borrower, the Servicer or any Originator; (C) with respect to the Concentration Account, the Borrower
has delivered to the Administrative Agent (on behalf of itself and the Lenders), a fully executed Concentration Account Agreement pursuant to which the Concentration Account Bank has agreed to comply with all instructions given by the Administrative
Agent with respect to all funds on deposit in the Concentration Account, without further consent by the Borrower, the Servicer or any Originator; (D) with respect to the Collection Account, the Borrower has delivered to the Administrative Agent
(on behalf of itself and the Lenders), a fully executed Collection Account Agreement pursuant to which the Collection Account Bank has agreed to comply with all instructions given by the Administrative Agent with respect to all funds on deposit in
the Collection Account, without further consent by the Borrower, the Servicer or any Originator; and (E) with respect to each Lockbox Account, the Borrower has delivered to the Administrative Agent (on behalf of itself and the Lenders), a fully
executed Lockbox Agreement pursuant to which the applicable Lockbox Bank has agreed to comply with all instructions given by the Administrative Agent with respect to all funds on deposit in the applicable Lockbox (and any related accounts), without
further consent by the Borrower, the Servicer or any Originator. 
 (iv) Priority. (A) Other than the transfer of
the Transferred Receivables by the Originators to the Borrower pursuant to the Sale Agreement and the grant of security interest by the Borrower to the Administrative Agent (on behalf of the Secured Parties) in the Transferred Receivables, the
Accounts and the Lockboxes hereunder, neither the Borrower nor any Originator has pledged, assigned, sold, conveyed, or otherwise granted a security interest in any of the Transferred Receivables, the Accounts and the Lockboxes to any other Person.
(B) Neither the Borrower nor any Originator has authorized, or is aware of, any filing of any financing statement against the Borrower or any Originator that include a description of collateral covering the Transferred Receivables or all other
collateral pledged to the Administrative Agent (on behalf of the Secured Parties) pursuant to the Related Documents, other than any financing statement filed pursuant to the Sale Agreement and this Agreement or financing statements 

  

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that have been validly terminated prior to the date hereof. (C) The Borrower is not aware of any judgment, ERISA or tax lien filings against either the
Borrower or any Originator. (D) None of the Accounts or Lockboxes is in the name of any Person other than the Borrower or the Administrative Agent. Neither the Borrower, the Servicer or any Originator has consented to any Bank complying with
instructions of any person other than the Administrative Agent. 
 (v) Survival of Supplemental Representations.
Notwithstanding any other provision of this Agreement or any other Related Document, the representations contained in this Section 4.01(v) and Section 5.01(g) shall be continuing, and remain in full force and effect until the
Termination Date. 
 ARTICLE V. 
 GENERAL COVENANTS OF THE BORROWER 
 Section 5.01. Affirmative Covenants of the Borrower. The Borrower covenants and
agrees that from and after the Effective Date and until the Termination Date: 
 (a) Compliance with Agreements and Applicable Laws.
The Borrower shall (i) perform each of its obligations under this Agreement and the other Related Documents and (ii) comply with all federal, state and local laws and regulations applicable to it and the Transferred Receivables, including
those relating to truth in lending, retail installment sales, fair credit billing, fair credit reporting, equal credit opportunity, fair debt collection practices, privacy, licensing, taxation, ERISA and labor matters and environmental laws and
environmental permits except, solely with respect to this clause (ii), where the failure to so comply could not reasonably be expected to have a Material Adverse Effect. 
 (b) Maintenance of Existence and Conduct of Business. The Borrower shall: (i) do or cause to be done all things necessary to preserve and
keep in full force and effect its corporate existence and, except where the failure to do so could not reasonably be expected to result in a Material Adverse Effect, its rights and franchises; (ii) continue to conduct its business substantially
as now conducted or as otherwise permitted hereunder and in accordance with (1) Section 4.01(p) and (2) the assumptions set forth in each opinion letter of Pillsbury Winthrop Shaw Pittman LLP or other outside counsel to the
Borrower from time to time delivered pursuant to Section 3.02(d) of the Sale Agreement with respect to issues of substantive consolidation and true sale and absolute transfer; (iii) at all times maintain, preserve and protect all of
its assets and properties used or useful in the conduct of its business, including all licenses, permits, charters and registrations, and keep the same in good repair, working order and condition in all material respects (taking into consideration
ordinary wear and tear) and from time to time make, or cause to be made, all necessary or appropriate repairs, replacements and improvements thereto consistent with industry practices; and (iv) transact business only in the name of SIT Funding
Corporation or such trade names as are set forth in Schedule 5.01(b). 
 (c) Deposit of Collections. The Borrower shall deposit
or cause to be deposited promptly into the Concentration Account, and in any event no later than the first Business Day after receipt thereof, all Collections it may receive with respect to any Transferred Receivable. 
  

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 (d) Use of Proceeds. The Borrower shall utilize the proceeds of the Advances made hereunder solely
for (i) the repayment of Advances made and the payment of any fees due hereunder, (ii) the purchase of Transferred Receivables from the Originators pursuant to the Sale Agreement, (iii) the payment of distributions to the Parent,
(iv) the repayment of Subordinated Loans, and (v) the payment of administrative fees or Servicing Fees or expenses to the Servicer or routine administrative or operating expenses, in each case only as expressly permitted by and in
accordance with the terms of this Agreement and the other Related Documents. 
 (e) Payment and Performance of Charges and other
Obligations. 
 (i) Subject to Section 5.01(e)(ii), the Borrower shall pay, perform and discharge or cause to
be paid, performed and discharged promptly all charges and claims payable by it, including (A) Charges imposed upon it, its income and profits, or any of its property (real, personal or mixed) and all Charges with respect to tax, social
security and unemployment withholding with respect to its employees, and (B) lawful claims for labor, materials, supplies and services or otherwise before any thereof shall become past due. 
 (ii) The Borrower may in good faith contest, by appropriate proceedings, the validity or amount of any charges or claims described in
Section 5.01(e)(i); provided that (A) adequate reserves with respect to such contest are maintained on the books of the Borrower, in accordance with GAAP, (B) such contest is maintained and prosecuted continuously and
with diligence, (C) none of the Borrower Collateral becomes subject to forfeiture or loss as a result of such contest, (D) no Lien shall be imposed to secure payment of such charges or claims other than inchoate tax liens and (E) the
Administrative Agent has not advised the Borrower in writing that it reasonably believes that failure to pay or to discharge such claims or charges could have or result in a Material Adverse Effect. 
 (f) ERISA. The Borrower shall give the Administrative Agent prompt written notice of any event that (i) could reasonably be expected to
result in the imposition of a Lien on any Borrower Collateral under Section 412 of the IRC or Section 303(k) or 4068 of ERISA, or (ii) could reasonably be expected to result in the incurrence by Borrower of any liabilities under Title
IV of ERISA (other than premium payments arising in the ordinary course of business). 
 (g) Borrower to Maintain Perfection and
Priority. In order to evidence the interests of the Administrative Agent and the Lenders under this Agreement, the Borrower shall, from time to time take such action, or execute and deliver such instruments (other than filing financing
statements) as may be necessary or advisable (including, such actions as are requested by the Administrative Agent) to maintain and perfect, as a first-priority interest, the Administrative Agent’s (on behalf of the Secured Parties) security
interest in the Transferred Receivables and all other collateral pledged to the Administrative Agent (on behalf of the Secured Parties) pursuant to the Related Documents. The Borrower shall, from time to time and within the time limits established
by law, prepare and 

  

 29 

 
present to the Administrative Agent upon request for the Administrative Agent’s authorization and approval, and file or cause to be filed in the
appropriate jurisdictions all financing statements, amendments, continuations or other filings necessary to continue, maintain and perfect the Administrative Agent’s (on behalf of the Secured Parties) security interest in the Transferred
Receivables and all other collateral pledged to the Administrative Agent (on behalf of the Secured Parties) pursuant to the Related Documents as a first-priority interest. The Administrative Agent’s approval of such filings shall authorize the
Borrower to file such financing statements under the UCC without the signature of the Borrower, any Originator or the Administrative Agent where allowed by applicable law. Notwithstanding anything else in the Related Documents to the contrary,
neither the Borrower, the Servicer, nor any Originator shall have any authority to file a termination, partial termination, release, partial release or any amendment that deletes the name of a debtor or excludes collateral of any such financing
statements, without the prior written consent of the Administrative Agent. 
 (h) Due Diligence. Representatives of the Managing
Agents shall, upon reasonable notice, be permitted at any time and from time to time during regular business hours, (i) to examine and make copies of and take abstracts from all books, records and documents (including computer tapes and disks)
relating to the Receivables, including the related Contracts and (ii) to visit the offices and properties of the SPV, any Originator, the Servicer or the Parent for the purpose of examining such materials described in clause (i),
and to discuss matters relating to the Receivables or the SPV’s, each Originator’s or the Servicer’s performance hereunder, under the Contracts and under the other Related Documents to which such Person is a party with any of the
officers, directors, employees or independent public accountants of the Borrower, any Originator or the Parent, as applicable, having knowledge of such matters; provided that unless a Termination Event or Incipient Termination Event shall
have occurred and be continuing, the Borrower shall not be required to reimburse the expenses of more than one (1) such visit in the aggregate among the Borrower and the Parent per calendar year. 
 Section 5.02. Reporting Requirements of the Borrower. The Borrower hereby agrees that from and after the Effective Date until the Termination
Date, it shall furnish or cause to be furnished to the Administrative Agent, the Managing Agents and the Lenders: 
 (a) The financial
statements, notices, reports and other information at the times, to the Persons and in the manner set forth in Annex 5.02(a). 
 (b)
At the same time each Monthly Report, Weekly Report or Daily Report, as applicable, is required to be delivered pursuant to the terms of clause (a) of Annex 5.02(a), a completed certificate in the form attached hereto as
Exhibit 5.02(b) (each, a “Borrowing Base Certificate”), provided that if (i) an Incipient Termination Event or a Termination Event shall have occurred and be continuing or (ii) the Administrative Agent, in
good faith, believes that an Incipient Termination Event or a Termination Event is imminent or deems the Lenders’ rights or interests in the Transferred Receivables or the Borrower Collateral insecure, then such Borrowing Base Certificates
shall be delivered daily; and each Borrowing Base Certificate shall be prepared by the Borrower or the Servicer as of the last day of the previous month or week, in the event Borrowing Base Certificates are required to be delivered on a monthly or
weekly basis, and as of the close of business on the previous Business Day, in the event Borrowing Base Certificates are required to be delivered on each Business Day. 
  

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 (c) Such other reports, statements and reconciliations with respect to the Borrowing Base or Borrower
Collateral as any Lender, any Managing Agent or the Administrative Agent shall from time to time request in its reasonable discretion. 
 Section 5.03. Negative Covenants of the Borrower. The Borrower covenants and agrees that, without the prior written consent of the Requisite Lenders, from and after the Effective Date until the Termination Date: 
 (a) Sale of Stock and Assets. The Borrower shall not sell, transfer, convey, assign or otherwise dispose of, or assign any right to receive income
in respect of, any of its properties or other assets or any of its Stock (whether in a public or a private offering or otherwise), any Transferred Receivable or Contract therefor or any of its rights with respect to any Lockbox, the Concentration
Account, the Collection Account, the Borrower Account or any other deposit account in which any Collections of any Transferred Receivable are deposited except as otherwise expressly permitted by this Agreement or any of the other Related Documents.

 (b) Liens. The Borrower shall not create, incur, assume or permit to exist (i) any Adverse Claim on or with respect to its
Transferred Receivables or (ii) any Adverse Claim on or with respect to its other properties or assets (whether now owned or hereafter acquired) except for the Liens set forth in Schedule 5.03(b) and other Permitted Encumbrances. In
addition, the Borrower shall not become a party to any agreement, note, indenture or instrument or take any other action that would prohibit the creation of a Lien on any of its properties or other assets in favor of the Lenders as additional
collateral for the Borrower Obligations, except as otherwise expressly permitted by this Agreement or any of the other Related Documents. 
 (c) Modifications of Receivables, Contracts or Credit and Collection Policies. The Borrower shall not, without the prior written consent of the Administrative Agent and the Requisite Lenders, (i) extend, amend, forgive,
discharge, compromise, waive, cancel or otherwise modify the terms of any Transferred Receivable or amend, modify or waive any term or condition of any Contract related thereto, provided that the Borrower may authorize the Servicer to take
such actions as are expressly permitted by the terms of any Related Document or the Credit and Collection Policies so long as, after giving effect to any such action, no Receivables which constituted Eligible Receivables prior to such action would
no longer constitute Eligible Receivables as a result of such action, or (ii) amend, modify or waive any term or provision of the Credit and Collection Policies. 
 (d) Changes in Instructions to Obligors. The Borrower shall not make any change in its instructions to Obligors regarding the deposit of Collections with respect to the Transferred Receivables, except to the
extent the Administrative Agent and the Requisite Lenders direct the Borrower to change such instructions to Obligors or the Administrative Agent and the Requisite Lenders consent in writing to such change. 
 (e) Capital Structure and Business. The Borrower shall not (i) make any changes in any of its business objectives, purposes or operations
that could reasonably be expected to have or result in a Material Adverse Effect, (ii) make any material change in its capital structure (including the issuance or recapitalization of any shares of Stock or other securities convertible into
Stock or any 

  

 31 

 
revision of the terms of its outstanding Stock, except that changes in Borrower’s capital structure shall be permitted so long as such changes,
individually and in the aggregate, do not constitute a Change of Control, (iii) amend its certificate or articles of incorporation, bylaws or other organizational documents in any manner which may adversely affect the Secured Parties, or
(iv) engage in any business other than manufacturing, operational, logistics, distribution and related services in the computer and technology industry or other than the businesses engaged in by it on the Effective Date and those incidental
thereto. 
 (f) Mergers, Subsidiaries, Etc. The Borrower shall not directly or indirectly, by operation of law or otherwise,
(i) form or acquire any Subsidiary, or (ii) merge with, consolidate with, acquire all or substantially all of the assets or capital Stock of, or otherwise combine with or acquire, any Person. 
 (g) Sale Characterization; Receivables Sale and Servicing Agreement. The Borrower shall not make statements or disclosures, prepare any financial
statements or in any other respect account for or treat the transactions contemplated by the Sale Agreement (including for accounting, tax and reporting purposes) in any manner other than (i) with respect to each Sale of each Sold Receivable
effected pursuant to the Sale Agreement, as a true sale and absolute assignment of the title to and sole record and beneficial ownership interest of the Transferred Receivables by the Originators to the Borrower or (ii) with respect to each
contribution of Contributed Receivables thereunder, as an increase in the stated capital of the Borrower. 
 (h) Restricted Payments.
The Borrower shall not enter into any lending transaction with any other Person. The Borrower shall not at any time (i) advance credit to any Person or (ii) declare any distributions, repurchase any Stock, return any capital, or make any
other payment or distribution of cash or other property or assets in respect of the Borrower’s Stock or make a repayment with respect to any Subordinated Loans if, after giving effect to any such advance or distribution, a Funding Excess,
Incipient Termination Event or Termination Event would exist or otherwise result therefrom. 
 (i) Indebtedness. The Borrower shall
not create, incur, assume or permit to exist any Debt, except (i) Debt of the Borrower to any Affected Party, Indemnified Person, the Servicer or any other Person expressly permitted by this Agreement or any other Related Document,
(ii) Subordinated Loans pursuant to the Subordinated Notes, (iii) deferred taxes, (iv) unfunded pension fund and other employee benefit plan obligations and liabilities to the extent they are permitted to remain unfunded under
applicable law, and (v) endorser liability in connection with the endorsement of negotiable instruments for deposit or collection in the ordinary course of business. 
 (j) Prohibited Transactions. The Borrower shall not enter into, or be a party to, any transaction with any Person except as expressly permitted hereunder or under any other Related Document. 
 (k) Investments. Except as otherwise expressly permitted hereunder or under the other Related Documents, the Borrower shall not make any
investment in, or make or accrue loans or advances of money to, any Person, including the Parent, any director, officer or employee of the Borrower, the Parent or any of the Parent’s other Subsidiaries, through the direct or indirect lending of
money, holding of securities or otherwise, except with respect to Transferred Receivables and Permitted Investments. 
  

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 (l) Commingling. The Borrower shall not deposit or permit the deposit of any funds that do not
constitute Collections of Transferred Receivables into any Lockbox or the Concentration Account, except as otherwise contemplated under Section 4.02(1) of the Sale Agreement. If funds that are not Collections are deposited into the
Concentration Account, the Borrower shall, or shall cause the Servicer to, notify the Administrative Agent in writing promptly upon discovery thereof, and, the Administrative Agent shall promptly remit (or direct the Concentration Account Bank to
remit) any such amounts that are not Collections to the applicable Originator or other Person designated in such notice. 
 (m) ERISA.
The Borrower shall not, and shall not cause or permit any of its ERISA Affiliates to, cause or permit to occur an event that (i) could reasonably be expected to result in the imposition of a Lien on any Borrower Collateral under
Section 412 of the IRC or Section 303(k) or 4068 of ERISA, or (ii) could reasonably be expected to result in the incurrence by Borrower of any liabilities under Title IV of ERISA (other than (x) premium payments arising in the
ordinary course of business and (y) liabilities arising under Section 4041(b) of ERISA). 
 (n) Related Documents. The
Borrower shall not amend, modify or waive any term or provision of any Related Document without the prior written consent of the Administrative Agent and the Requisite Lenders. 
 (o) Board Policies. The Borrower shall not modify the terms of any policy or resolutions of its board of directors if such modification could
reasonably be expected to have or result in a Material Adverse Effect. 
 (p) Additional Stockholders of Borrower. The Borrower shall
not issue shares of Stock to any Person other than Parent without the prior written consent of the Administrative Agent and the Requisite Lenders. 
 Section 5.04. Supplemental Disclosure. On the request of the Administrative Agent (in the event that such information is not otherwise delivered by the Borrower to the Administrative Agent pursuant to this Agreement), the
Borrower will supplement (or cause to be supplemented) each Schedule hereto, or representation herein or in any other Related Document with respect to any matter hereafter arising which, if existing or occurring at the date of this Agreement, would
have been required to be set forth or described in such Schedule or as an exception to such representation or which is necessary to correct any information in such Schedule or representation which has been rendered inaccurate thereby;
provided that such supplement to any such Schedule or representation shall not be deemed an amendment thereof except if and to the extent that the information disclosed in such supplement updates (A) Schedule 4.01(b) or
(B) Schedule 4.01(q) to include any accounts. 
  

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 ARTICLE VI. 
 ACCOUNTS 
 Section 6.01. Establishment of Accounts. 
 (a) Concentration Account; Lockboxes. 
 (i) The Borrower has established with the Concentration Account Bank the Concentration Account subject to a fully executed Concentration Account Agreement. The Borrower agrees that the Administrative Agent shall have
exclusive dominion and control of the Concentration Account and all monies, instruments and other property from time to time on deposit therein. The Administrative Agent hereby agrees that until such time as it exercises its right to take exclusive
dominion and control of the Concentration Account under Section 7.05(d), the Concentration Account Bank shall be entitled to follow the instructions of the Borrower, or the Administrative Agent on behalf of the Borrower, with respect to
the withdrawal, transfer or payment of funds on deposit in the Concentration Account. 
 (ii) The Borrower (or the Servicer on
Borrower’s behalf) has instructed all existing Obligors of Transferred Receivables, and shall instruct all future Obligors of such Receivables, to make payments in respect thereof only (A) by check or money order mailed to one or more
lockboxes or post office boxes under the control of the Administrative Agent (each a “Lockbox” and collectively the “Lockboxes”) or (B) by wire transfer or moneygram directly to the Concentration Account.
Schedule 4.01(q) lists all Lockboxes, Lockbox Banks, the Concentration Account and the Concentration Account Bank at which the Borrower maintains the Concentration Account as of the Effective Date, and such schedule correctly identifies
(1) with respect to each such Lockbox Bank and the Account Bank, the name, address and telephone number thereof, (2) with respect to the Concentration Account, the name in which such account is held and the complete account number
therefor, and (3) with respect to each Lockbox, the lockbox number and address thereof. The Borrower (or the Servicer on Borrower’s behalf) shall endorse, to the extent necessary, all checks or other instruments received in any Lockbox so
that the same can be deposited in the Concentration Account, in the form so received (with all necessary endorsements), on the first Business Day after the date of receipt thereof. In addition, the Borrower shall deposit or cause to be deposited
into the Concentration Account all cash, checks, money orders or other proceeds of Transferred Receivables or Borrower Collateral received by it other than in a Lockbox or the Concentration Account, in the form so received (with all necessary
endorsements), not later than the close of business on the first Business Day following the date of receipt thereof, and until so deposited all such items or other proceeds shall be held in trust for the benefit of the Administrative Agent. The
Borrower shall not make and shall not permit the Servicer to make any deposits into a Lockbox or the Concentration Account except in accordance with the terms of this Agreement or any other Related Document. The Borrower agrees that the
Administrative Agent shall have exclusive dominion and control of each Lockbox and all instruments and other property from time to time received therein. 
  

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 (iii) If, for any reason, the Concentration Account Agreement terminates or the
Concentration Account Bank fails to comply with its obligations under the Concentration Account Agreement, then the Borrower shall promptly notify all Obligors of Transferred Receivables who had previously been instructed to make wire payments to
the Concentration Account maintained at any the Concentration Account Bank to make all future payments to a new Concentration Account in accordance with this Section 6.01(a)(iii). The Borrower shall not close the Concentration Account
unless it shall have (A) received the prior written consent of the Administrative Agent and the Requisite Lenders, (B) established a new account with the same Concentration Account Bank or with a new depositary institution satisfactory to
the Administrative Agent and the Requisite Lenders, (C) entered into an agreement covering such new account with such Concentration Account Bank or with such new depositary institution substantially in the form of the predecessor Concentration
Account Agreement or that is satisfactory in all respects to the Administrative Agent and the Requisite Lenders (whereupon, for all purposes of this Agreement and the other Related Documents, such new account shall become the Concentration Account,
such new agreement shall become the Concentration Account Agreement and such new depositary institution shall become the Concentration Account Bank), and (D) taken all such action as the Administrative Agent and the Requisite Lenders shall
reasonably require to grant and perfect a first priority Lien in such new Concentration Account to the Administrative Agent under Section 7.01 of this Agreement. Except as permitted by this Section 6.01(a), the Borrower shall
not, and shall not permit the Servicer to, open any new Lockbox or Concentration Account without the prior written consent of the Administrative Agent and the Requisite Lenders. 
 (b) Collection Account. 
 (i) The Borrower has established with the Collection Account Bank the Collection Account subject to a fully executed Collection Account Agreement, The Borrower agrees that the Administrative Agent shall have exclusive dominion and control
of the Collection Account and all monies, instruments and other property from time to time on deposit therein. Neither the Borrower nor the Servicer on the Borrower’s behalf shall make or cause to be made, or have any ability to make or cause
to be made, any withdrawals from the Collection Account, except as provided in the Collection Account Agreement. Subject to the conditions described in Section 7.05(d), the Servicer shall be required, pursuant to the Sale Agreement, to
deposit any Collections it then has in its possession or at any time thereafter receives, immediately in the Collection Account. 
 (ii) During any time after which the Collection Account is established pursuant to clause (b)(i) above, if, for any reason, the Collection Account Agreement relating to the Collection Account terminates or the Collection Account Bank
fails to comply with its obligations under such Collection Account Agreement, then the Borrower shall promptly notify the Administrative Agent thereof and the Borrower, the Servicer or the Administrative Agent, as the case may be, shall instruct the
Collection Account Bank to make all future wire payments to a new Collection Account in accordance with this Section 6.01(b)(ii). The Borrower shall not close the Collection Account unless it shall have (A) received the prior
written consent of the Administrative Agent and the Requisite Lenders, (B) established a new account with the same Collection Account Bank or with 

  

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a new depositary institution satisfactory to the Administrative Agent and the Requisite Lenders, (C) entered into an agreement covering such new account
with such Collection Account Bank or with such new depositary institution substantially in the form of the Collection Account Agreement or that is satisfactory in all respects to the Administrative Agent and the Requisite Lenders (whereupon, for all
purposes of this Agreement and the other Related Documents, such new account shall become the Collection Account, such new agreement shall become a Collection Account Agreement and any new depositary institution shall become the Collection Account
Bank), and (D) taken all such action as the Administrative Agent and the Requisite Lenders shall reasonably require to grant and perfect a first priority Lien in such new Collection Account to the Administrative Agent under
Section 7.01 of this Agreement. Except as permitted by this Section 6.01(b), the Borrower shall not, and shall not permit the Servicer to open a new Collection Account without the prior written consent of the Administrative
Agent and the Requisite Lenders. 
 (c) Agent Account. 
 (i) The Administrative Agent has established and shall maintain the Agent Account with the Agent Bank. The Agent Account shall be
registered in the name of the Administrative Agent and the Administrative Agent shall, subject to the terms of this Agreement, have exclusive dominion and control thereof and of all monies, instruments and other property from time to time on deposit
therein. 
 (ii) All payments of any outstanding Advances, Yield, fees and expenses and any other amounts by the Borrower to
the Lenders hereunder shall be paid to the Agent Account. The Lenders and the Administrative Agent may deposit into the Agent Account from time to time all monies, instruments and other property received by any of them as proceeds of the Transferred
Receivables. 
 (iii) If, for any reason, the Agent Bank wishes to resign as depositary of the Agent Account or fails to carry
out the instructions of the Administrative Agent, then the Administrative Agent shall promptly notify the Lenders. Neither the Lenders nor the Administrative Agent shall close the Agent Account unless (A) a new deposit account has been
established with a new depositary institution, (B) the Lenders and the Administrative Agent have entered into an agreement covering such new account with such new depositary institution satisfactory in all respects to the Administrative Agent
(whereupon such new account shall become the Agent Account and such new depositary institution shall become the Agent Bank for all purposes of this Agreement and the other Related Documents), and (C) the Lenders and the Administrative Agent
have taken all such action as the Administrative Agent shall require to grant and perfect a first priority Lien in such new Agent Account to the Administrative Agent on behalf of the Secured Parties. 
  

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 (d) Borrower Account. 
 (i) The Borrower has established the Borrower Account subject to a fully executed Borrower Account Agreement and agrees that, subject to
clause (ii) below, the Administrative Agent shall have exclusive dominion and control of such Borrower Account and all monies, instruments and other property from time to time on deposit therein. 
 (ii) The Administrative Agent hereby agrees that until such time as it exercises its right to take exclusive dominion and control of the
Borrower Account under Section 7.05(d), the Borrower Account Bank shall be entitled to follow the instructions of the Borrower, or the Administrative Agent on behalf of the Borrower, with respect to the withdrawal, transfer or payment of
funds on deposit in the Borrower Account. 
 ARTICLE VII. 
 GRANT OF SECURITY INTERESTS 
 Section 7.01. Borrower’s Grant of Security Interest. Borrower
hereby reconfirms its grant of a Lien for the benefit of the Secured Parties in the “Borrower Collateral” under, and as defined in, the Existing Receivables Purchase Agreement, and confirms that such Lien has been granted to secure the
Borrower Obligations, which include the “Borrower Obligations” under, and as defined in, the Existing Receivables Purchase Agreement. Furthermore, to secure the prompt and complete payment, performance and observance of all Borrower
Obligations, and to induce the Administrative Agent and the Lenders to enter into this Agreement and perform the obligations required to be performed by them hereunder in accordance with the terms and conditions hereof, the Borrower hereby grants,
assigns, conveys, pledges, hypothecates and transfers to the Administrative Agent, for the benefit of the Secured Parties a Lien upon and security interest in all of the Borrower’s right, title and interest in, to and under, but none of its
obligations arising from, the following property, whether now owned by or owing to, or hereafter acquired by or arising in favor of, the Borrower (including under any trade names, styles or derivations of the Borrower), and regardless of where
located (all of which being hereinafter collectively referred to as the “Borrower Collateral”): 
 (a) all Receivables;

 (b) the Sale Agreement, the Concentration Account Agreement, the Collection Account Agreement and all other Related Documents now or
hereafter in effect relating to the purchase, servicing, processing or collection of Receivables (collectively, the “Borrower Assigned Agreements”), including (i) all rights of the Borrower to receive moneys due and to become
due thereunder or pursuant thereto, (ii) all rights of the Borrower to receive proceeds of any insurance, indemnity, warranty or guaranty with respect thereto, (iii) all claims of the Borrower for damages or breach with respect thereto or
for default thereunder and (iv) the right of the Borrower to amend, waive or terminate the same and to perform and to compel performance and otherwise exercise all remedies thereunder; 
  

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 (c) all of the following (collectively, the “Borrower Account Collateral”): 

(i) the Concentration Account, the Lockboxes, and all funds on deposit therein and all certificates and instruments, if any, from time
to time representing or evidencing the Concentration Account, the Lockboxes or such funds, 
 (ii) the Collection Account and
all funds on deposit therein and all certificates and instruments, if any, from time to time representing or evidencing the Collection Account or such funds, 
 (iii) the Borrower Account and all funds on deposit therein and all certificates and instruments, if any, from time to time representing
or evidencing the Borrower Account or such funds, 
 (iv) all notes, certificates of deposit and other instruments from time
to time delivered to or otherwise possessed by the Administrative Agent, any Managing Agent, any Lender or any assignee or agent on behalf of the Administrative Agent, any Managing Agent or any Lender in substitution for or in addition to any of the
then existing Borrower Account Collateral, and 
 (v) all interest, dividends, cash, instruments, investment property and
other property from time to time received, receivable or otherwise distributed with respect to or in exchange for any and all of the then existing Borrower Account Collateral; 
 (d) all other property relating to the Receivables that may from time to time hereafter be granted and pledged by the Borrower or by any Person on its
behalf whether under this Agreement or otherwise, including any deposit with any Lender, any Managing Agent or the Administrative Agent of additional funds by the Borrower; 
 (e) all other personal property of the Borrower of every kind and nature not described above, including all goods (including inventory, equipment and any
accessions thereto), instruments (including promissory notes), documents, accounts, chattel paper (whether tangible or electronic), deposit accounts, letter-of-credit rights, commercial tort claims, securities and all other investment property,
supporting obligations, any other contract rights or rights to the payment of money, insurance claims and proceeds, and all general intangibles (including all payment intangibles); 
 (f) to the extent not otherwise included, all proceeds and products of the foregoing and all accessions to, substitutions and replacements for, and
profits of, each of the foregoing Borrower Collateral (including proceeds that constitute property of the types described in Sections 7.01(a) through (e)); and 
 (g) to the extent not otherwise included, all “Borrower Collateral” under, and as defined in, the Existing Receivables Purchase Agreement.

 Section 7.02. Borrower’s Agreements. The Borrower hereby (a) assigns, transfer and conveys the benefits of the
representations, warranties and covenants of each Originator made to the Borrower under the Sale Agreement to the Administrative Agent for the benefit of the Secured Parties hereunder; (b) acknowledges and agrees that the rights of the Borrower
to require 

  

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payment of a Rejected Amount from an Originator under the Sale Agreement may be enforced by the Lenders and the Administrative Agent; and (c) certifies
that the Sale Agreement provides that the representations, warranties and covenants described in Sections 4.01, 4.02 and 4.03 thereof, the indemnification and payment provisions of Article V thereof and the provisions of
Sections 4.03(j), 6.12, 6.14 and 6.15 thereof shall survive the sale of the Transferred Receivables (and undivided percentage ownership interests therein) and the termination of the Sale Agreement and this Agreement.

 Section 7.03. Delivery of Collateral. All certificates or instruments representing or evidencing all or any portion of the
Borrower Collateral shall be delivered to and held by or on behalf of the Administrative Agent and shall be in suitable form for transfer by delivery or shall be accompanied by duly executed instruments of transfer or assignment in blank, all in
form and substance reasonably satisfactory to the Administrative Agent. The Administrative Agent shall have the right (a) at any time to exchange certificates or instruments representing or evidencing Borrower Collateral for certificates or
instruments of smaller or larger denominations and (b) at any time in its discretion following the occurrence and during the continuation of a Termination Event and without notice to the Borrower, to transfer to or to register in the name of
the Administrative Agent or its nominee any or all of the Borrower Collateral. 
 Section 7.04. Borrower Remains Liable. It is
expressly agreed by the Borrower that, anything herein to the contrary notwithstanding, the Borrower shall (a) remain liable under any and all of the Transferred Receivables, the Contracts therefor, the Borrower Assigned Agreements and any
other agreements constituting the Borrower Collateral to which it is a party, and (b) observe and perform all the conditions and obligations to be observed and performed by it thereunder. The Lenders, the Managing Agents and the Administrative
Agent shall not have any obligation or liability under any such Receivables, Contracts or agreements by reason of or arising out of this Agreement or the granting herein or therein of a Lien thereon or the receipt by the Administrative Agent, the
Managing Agents or the Lenders of any payment relating thereto pursuant hereto or thereto. The exercise by any Lender, any Managing Agent or the Administrative Agent of any of its respective rights under this Agreement shall not release any
Originator, the Borrower or the Servicer from any of their respective duties or obligations under any such Receivables, Contracts or agreements. None of the Lenders, the Managing Agents or the Administrative Agent shall be required or obligated in
any manner to perform or fulfill any of the obligations of any Originator, the Borrower or the Servicer under or pursuant to any such Receivable, Contract or agreement, or to make any payment, or to make any inquiry as to the nature or the
sufficiency of any payment received by it or the sufficiency of any performance by any party under any such Receivable, Contract or agreement, or to present or file any claims, or to take any action to collect or enforce any performance or the
payment of any amounts that may have been assigned to it or to which it may be entitled at any time or times. 
 Section 7.05.
Covenants of the Borrower Regarding the Borrower Collateral. 
 (a) Offices and Records. The Borrower shall maintain its
organizational form, jurisdiction of organization, organizational identification number, principal place of business and chief executive office and the office at which it stores its Records at the respective locations specified in Schedule
4.01(b) or, upon 30 days’ prior written notice to the Administrative Agent, at such other location in a jurisdiction where all action requested by the Administrative Agent pursuant to Section 12.13 shall have been taken 

  

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with respect to the Borrower Collateral. The Borrower shall, and shall cause the Servicer to at its own cost and expense, maintain adequate and complete
records of the Transferred Receivables and the Borrower Collateral, including records of any and all payments received, credits granted and merchandise returned with respect thereto and all other dealings therewith. The Borrower shall, and shall
cause the Servicer to, by no later than the Effective Date, mark conspicuously with a legend, in form and substance satisfactory to the Administrative Agent, its books and records (including computer records) and credit files pertaining to the
Borrower Collateral, and its file cabinets or other storage facilities where it maintains information pertaining thereto, to evidence this Agreement and the assignment and Liens granted pursuant to this Article VII. Upon the occurrence and
during the continuance of a Termination Event, the Borrower shall, and shall cause the Servicer to, deliver and turn over such books and records to the Administrative Agent or its representatives at any time on demand of the Administrative Agent.
Prior to the occurrence of a Termination Event and upon notice from the Administrative Agent or any Managing Agent, the Borrower shall, and shall cause the Servicer to, permit any representative of the Administrative Agent or any Managing Agent to
inspect such books and records and shall provide photocopies thereof to the Administrative Agent or any Managing Agent as more specifically set forth in Section 7.05(b). 
 (b) Access. The Borrower shall, and shall cause the Servicer to, at its or the Servicer’s own expense, during normal business hours, from
time to time upon two Business Days’ prior notice as frequently as the Administrative Agent determines to be appropriate: (i) provide the Lenders, the Managing Agents, the Administrative Agent and any of their respective officers,
employees and agents access to its properties (including properties utilized in connection with the collection, processing or servicing of the Transferred Receivables), facilities, advisors and employees (including officers) and to the Borrower
Collateral, (ii) permit the Lenders, the Managing Agents, the Administrative Agent and any of their respective officers, employees and agents to inspect, audit and make extracts from its books and records, including all Records,
(iii) permit each of the Lenders, the Managing Agents and the Administrative Agent and their respective officers, employees and agents to inspect, review and evaluate the Transferred Receivables and the Borrower Collateral and (iv) permit
each of the Lenders, the Managing Agents and the Administrative Agent and their respective officers, employees and agents to discuss matters relating to the Transferred Receivables or its performance under this Agreement or the other Related
Documents or its affairs, finances and accounts with any of its officers, directors, employees, representatives or agents (in each case, with those persons having knowledge of such matters) and with its independent certified public accountants. If
(i) the Administrative Agent in good faith deems any Lender’s rights or interests in the Transferred Receivables, the Borrower Assigned Agreements or any other Borrower Collateral insecure or the Administrative Agent in good faith believes
that an Incipient Termination Event or a Termination Event is imminent or (ii) an Incipient Termination Event or a Termination Event shall have occurred and be continuing, then the Borrower shall, and shall cause the Servicer to, at its own
expense, provide such access at all times without prior notice from the Administrative Agent or any Managing Agent and provide the Administrative Agent and any Managing Agent with access to the suppliers and customers of the Borrower and the
Servicer. The Borrower shall, and shall cause the Servicer to, make available to the Administrative Agent and its counsel, as quickly as is possible under the circumstances, originals or copies of all books and records, including Records, that the
Administrative Agent may request. The Borrower shall, and shall cause the Servicer to, and the Servicer shall deliver any document or instrument necessary for the 

  

 40 

 
Administrative Agent, as the Administrative Agent may from time to time request, to obtain records from any service bureau or other Person that maintains
records for the Borrower or the Servicer, and shall maintain duplicate records or supporting documentation on media, including computer tapes and discs owned by the Borrower or the Servicer. 
 (c) Communication with Accountants. The Borrower hereby authorizes (and shall cause the Servicer to authorize) the Lenders, the Managing Agents
and the Administrative Agent to communicate directly with its independent certified public accountants and authorizes and shall instruct those accountants and advisors to disclose and make available to the Lenders, the Managing Agents and the
Administrative Agent any and all financial statements and other supporting financial documents, schedules and information relating to the Borrower or the Servicer (including copies of any issued management letters) and to discuss matters with
respect to its business, financial condition and other affairs. 
 (d) Collection of Transferred Receivables. In connection with the
collection of amounts due or to become due to the Borrower under the Transferred Receivables, the Borrower Assigned Agreements and any other Borrower Collateral pursuant to the Sale Agreement, the Borrower shall, or shall cause the Servicer to, take
such action as it, and from and after the occurrence and during the continuance of a Termination Event, the Administrative Agent, may deem reasonably necessary or desirable to enforce collection of the Transferred Receivables, the Borrower Assigned
Agreements and the other Borrower Collateral; provided that the Borrower may, rather than commencing any such action or taking any other enforcement action, at its option, elect to pay to the Administrative Agent, for deposit into the Agent
Account, an amount equal to the Outstanding Balance of any such Transferred Receivable; provided further that if (i) an Incipient Termination Event or a Termination Event shall have occurred and be continuing or (ii) the
Administrative Agent, in good faith believes that an Incipient Termination Event or a Termination Event is imminent, then the Administrative Agent may, without prior notice to the Borrower, any Originator or the Servicer, (x) exercise its right
to take exclusive ownership and control of (1) the Concentration Account in accordance with the terms of the Concentration Account Agreement and (2) the Borrower Account in accordance with the Borrower Account Agreement (in which case the
Servicer shall be required, pursuant to the Sale Agreement, to deposit any Collections it then has in its possession or at any time thereafter receives, immediately in the Collection Account) and (y) notify any Obligor under any Transferred
Receivable or obligors under the Borrower Assigned Agreements of the pledge of such Transferred Receivables or Borrower Assigned Agreements, as the case may be, to the Administrative Agent on behalf of the Secured Parties hereunder and direct that
payments of all amounts due or to become due to the Borrower thereunder be made directly to the Administrative Agent or any servicer, collection agent or lockbox or other account designated by the Administrative Agent and, upon such notification and
at the sole cost and expense of the Borrower, the Administrative Agent may enforce collection of any such Transferred Receivable or the Borrower Assigned Agreements and adjust, settle or compromise the amount or payment thereof. The Administrative
Agent shall provide prompt notice to the Borrower and the Servicer of any such notification of pledge or direction of payment to the Obligors under any Transferred Receivables. 
  

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 (e) Performance of Borrower Assigned Agreements. The Borrower shall, and shall cause the Servicer
to, (i) perform and observe all the terms and provisions of the Borrower Assigned Agreements to be performed or observed by it, maintain the Borrower Assigned Agreements in full force and effect, enforce the Borrower Assigned Agreements in
accordance with their terms and take all action as may from time to time be reasonably requested by the Administrative Agent in order to accomplish the foregoing, and (ii) upon the reasonable request of and as directed by the Administrative
Agent, make such demands and requests to any other party to the Borrower Assigned Agreements as are permitted to be made by the Borrower or the Servicer thereunder. 
 (f) License for Use of Software and Other Intellectual Property. Unless expressly prohibited by the licensor thereof or any provision of applicable law, if any, the Borrower hereby grants to the Administrative
Agent on behalf of the Secured Parties a limited license to use, without charge, the Borrower’s and the Servicer’s computer programs, software, printouts and other computer materials, technical knowledge or processes, data bases,
materials, trademarks, registered trademarks, trademark applications, service marks, registered service marks, service mark applications, patents, patent applications, trade names, rights of use of any name, labels, fictitious names, inventions,
designs, trade secrets, goodwill, registrations, copyrights, copyright applications, permits, licenses, franchises, customer lists, credit files, correspondence, and advertising materials or any property of a similar nature, as it pertains to the
Borrower Collateral, or any rights to any of the foregoing, only as reasonably required in connection with the collection of the Transferred Receivables and the advertising for sale, and selling any of the Borrower Collateral, or exercising of any
other remedies hereto, and the Borrower agrees that its rights under all licenses and franchise agreements shall inure to the Administrative Agent’s benefit (on behalf of the Secured Parties) for purposes of the license granted herein. Except
upon the occurrence and during the continuation of a Termination Event, the Administrative Agent and the Lenders agree not to use any such license without giving the Borrower prior written notice. 
 ARTICLE VIII. 
 TERMINATION EVENTS 

Section 8.01. Termination Events. If any of the following events (each, a “Termination Event”) shall occur (regardless of
the reason therefor): 
 (a) the Borrower shall fail to make any payment of any monetary Borrower Obligation when due and payable and the
same shall remain unremedied for one (1) Business Day or more; or 
 (b)(i) the Borrower shall fail to deliver a Daily Report, Weekly
Report, Monthly Report or Borrowing Base Certificate as and when required hereunder and such failure shall remain unremedied for two (2) Business Days or more, (ii) any Originator shall fail or neglect to perform, keep or observe any
covenant or provision of Section 4.04 of the Sale Agreement or Article V of the Sale Agreement, (iii) the Borrower, any Originator or the Servicer shall fail or neglect to perform, keep or observe any covenant or other provision of this
Agreement or the other Related Documents (other than any provision embodied in or covered by any other clause 
  

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 of this Section 8.01) and the same shall remain unremedied for two (2) Business Days or more following
the earlier to occur of an Authorized Officer of the Borrower becoming aware of such breach and the Borrower’s receipt of notice thereof; or 
 (c)(i) an Originator, the Borrower, the Parent or any of the Parent’s other Subsidiaries shall fail to make any payment with respect to any of its Debts which, except with respect to the Borrower, is in an aggregate principal amount
exceeding $10,000,000 (other than Borrower Obligations) when due, and the same shall remain unremedied after any applicable grace period with respect thereto; or (ii) a default or breach or other occurrence shall occur and be continuing under
any agreement, document or instrument to which an Originator, the Borrower, the Parent or any of the Parent’s other Subsidiaries is a party or by which it or its property is bound (other than a Related Document) which relates to a Debt which,
except with respect to the Borrower, is in an aggregate principal amount exceeding $10,000,000, which event shall remain unremedied within the applicable grace period with respect thereto, and the effect of such default, breach or occurrence is to
cause or to permit the holder or holders then to cause such Debt to become or be declared due prior to their stated maturity; or 
 (d) a
case or proceeding shall have been commenced against the Borrower, any Originator, the Parent or any of the Parent’s other Subsidiaries seeking a decree or order in respect of any such Person under the Bankruptcy Code or any other applicable
federal, state or foreign bankruptcy or other similar law, (i) appointing a custodian, receiver, liquidator, assignee, trustee or sequestrator (or similar official) for any such Person or for any substantial part of such Person’s assets,
or (ii) ordering the winding up or liquidation of the affairs of any such Person, and, so long as the Borrower is not a debtor in any such case or proceedings, such case or proceeding continues for 60 days unless dismissed or discharged;
provided that such 60-day period shall be deemed terminated immediately if (x) a decree or order is entered by a court of competent jurisdiction with respect to a case or proceeding described in this subsection (d) or
(y) any of the events described in Section 8.01(e) shall have occurred; or 
 (e) the Borrower, any Originator, the Parent
or any of the Parent’s other Subsidiaries shall (i) file a petition seeking relief under the Bankruptcy Code or any other applicable federal, state or foreign bankruptcy or other similar law, (ii) consent or fail to object in a timely
and appropriate manner to the institution of any proceedings under the Bankruptcy Code or any other applicable federal, state or foreign bankruptcy or similar law or to the filing of any petition thereunder or to the appointment of or taking
possession by a custodian, receiver, liquidator, assignee, trustee or sequestrator (or similar official) for any such Person or for any substantial part of such Person’s assets, (iii) make an assignment for the benefit of creditors, or
(iv) take any corporate action in furtherance of any of the foregoing; or 
 (f) any Originator, the Borrower, Parent, or the Servicer
(i) generally does not pay its debts as such debts become due or admits in writing its inability to, or is generally unable to, pay its debts as such debts become due or (ii) is not Solvent; or 
 (g) a final judgment or judgments for the payment of money in excess of $5,000,000 in the aggregate (net of insurance proceeds) at any time outstanding
shall be rendered against any Originator, the Parent or any Subsidiary of the Parent (other than the Borrower) and either (i) enforcement proceedings shall have been commenced upon any such judgment or (ii) the same shall not, 

 

 43 

 within 30 days after the entry thereof, have been discharged or execution thereof stayed or bonded pending appeal, or
shall not have been discharged prior to the expiration of any such stay; or 
 (h) a judgment or order for the payment of money in excess of
$2,500 shall be rendered against the Borrower; or 
 (i)(i) any information contained in any Borrowing Base Certificate or any Borrowing
Request is untrue or incorrect in any respect, or (ii) any representation or warranty of any Originator or the Borrower herein or in any other Related Document or in any written statement, report, financial statement or certificate (other than
a Borrowing Base Certificate or any Borrowing Request) made or delivered by or on behalf of such Originator or the Borrower to any Affected Party hereto or thereto is untrue or incorrect in any material respect as of the date when made or deemed
made; or 
 (j) any Governmental Authority (including the IRS or the PBGC) shall file notice of a Lien with regard to any assets of any
Originator, the Parent or any of their respective ERISA Affiliates (other than a Lien (i) limited by its terms to assets other than Transferred Receivables and (ii) not materially adversely affecting the financial condition of such
Originator, the Parent or any such ERISA Affiliate or the ability of the Servicer to perform its duties hereunder or under the Related Documents); or 
 (k) any Governmental Authority (including the IRS or the PBGC) shall file notice of a Lien with regard to any of the assets of the Borrower, or a contribution failure occurs with respect to any Pension Plan sufficient
to give rise to a lien under section 303(k) of ERISA; or 
 (l)(1) there shall have occurred any event which, in the reasonable judgment of
the Administrative Agent, materially and adversely impairs (i) the ability of any Originator to originate Receivables (other than Excluded Receivables) of a credit quality which are at least of the credit quality of the Receivables (other than
Excluded Receivables) as of the Effective Date, (ii) the financial condition or operations of any Originator, the Borrower or the Parent, or (iii) the collectibility of Receivables (other than Excluded Receivables), or (2) the
Administrative Agent shall have determined (and so notified the Borrower) that any event or condition that has had or could reasonably be expected to have or result in a Material Adverse Effect has occurred; or 
 (m)(i) a default or breach shall occur under any provision of the Sale Agreement and after the passing of any applicable grace period the same shall
remain unremedied for two (2) Business Days or more following the earlier to occur of an Authorized Officer of the Borrower becoming aware of such breach and the Borrower’s receipt of notice thereof, or (ii) the Sale Agreement shall
for any reason cease to evidence the transfer to the Borrower of the legal and equitable title to, and ownership of, the Transferred Receivables; or 
 (n) except as otherwise expressly provided herein, any Lockbox Agreement, the Concentration Account Agreement, the Borrower Account Agreement or the Sale Agreement shall have been modified, amended or terminated
without the prior written consent of the Administrative Agent and the Requisite Lenders; or 
  

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 (o) an Event of Servicer Termination shall have occurred; or 
 (p)(A) the Borrower shall cease to hold valid and properly perfected title to and sole record and beneficial ownership in the Transferred Receivables and
the other Borrower Collateral or (B) the Administrative Agent (on behalf of the Lenders) shall cease to hold a first priority, perfected Lien in the Transferred Receivables or any of the Borrower Collateral; or 
 (q) a Change of Control shall have occurred; or 
 (r) the Borrower shall amend its certificate of incorporation or bylaws without the express prior written consent of the Requisite Lenders and the Administrative Agent; or 
 (s) the Borrower shall have received an Election Notice pursuant to Section 2.01(d) of the Sale Agreement; or 
 (t)(i) the Default Trigger Ratio shall exceed 2.75%; (ii) the Delinquency Trigger Ratio shall exceed 7.5%; and (iii) the Dilution Trigger Ratio
shall exceed 4.0%; or (iv) the Receivables Collection Turnover Trigger shall exceed 45 days; or 
 (u) the Administrative Agent shall
have received a “Receivables Termination Notice” or an “Enforcement Notice” in each case, under (and as defined in) the Intercreditor Agreement; 
 (v) any material provision of any Related Document shall for any reason cease to be valid, binding and enforceable in accordance with its terms (or any Originator or the Borrower shall challenge the enforceability of
any Related Document or shall assert in writing, or engage in any action or inaction based on any such assertion, that any provision of any of the Related Documents has ceased to be or otherwise is not valid, binding and enforceable in accordance
with its terms); or 
 (w) institution of any steps by the Borrower or any other Person to terminate a Pension Plan if as a result of such
termination the Borrower could be required to make a contribution to such Pension Plan, or could incur a liability or obligation to such Pension Plan, in excess of $1,500,000; or 
 (x) a Funding Excess exists at any time and the Borrower has not repaid the amount of such Funding Excess within one (1) Business Day in accordance
with Section 2.08 hereof; 
 then, and in any such event, the Administrative Agent, may, with the consent of the Requisite
Lenders, and shall, at the request of the Requisite Lenders, by notice to the Borrower, declare the Facility Termination Date to have occurred without demand, protest or further notice of any kind, all of which are hereby expressly waived by the
Borrower; provided that the Facility Termination Date shall automatically occur upon the occurrence of any of the Termination Events described in Section 8.01(d) or (e), in each case without demand, protest or any notice of
any kind, all of which are hereby expressly waived by the Borrower. Upon the occurrence of the Facility Termination Date, all Borrower Obligations shall automatically be and become due and payable in full, without any action to be taken on the part
of any Person. In addition, if any Event of Servicer Termination shall have occurred, then the 
  

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 Administrative Agent may, and shall, at the request of the Requisite Lenders, by delivery of a Servicer Termination
Notice to Buyer and the Servicer, terminate the servicing responsibilities of the Servicer under the Sale Agreement in accordance with the terms thereof. 
 ARTICLE IX. 
 REMEDIES 
 Section 9.01. Actions Upon Termination Event. If any Termination Event shall have occurred and the Administrative Agent shall have declared the Facility Termination Date to have occurred or the Facility
Termination Date shall be deemed to have occurred pursuant to Section 8.01, then the Administrative Agent may exercise in respect of the Borrower Collateral, in addition to any and all other rights and remedies granted to it hereunder,
under any other Related Document or under any other instrument or agreement securing, evidencing or relating to the Borrower Obligations or otherwise available to it, all of the rights and remedies of a secured party upon default under the UCC (such
rights and remedies to be cumulative and nonexclusive), and, in addition, may take the following actions: 
 (a) The Administrative Agent
may, without notice to the Borrower except as required by law and at any time or from time to time, (i) charge, offset or otherwise apply amounts payable to the Borrower from the Agent Account, the Borrower Account, the Collection Account or
the Concentration Account against all or any part of the Borrower Obligations and (ii) without limiting the terms of Section 7.05(d), notify any Obligor under any Transferred Receivable or obligors under the Borrower Assigned
Agreements of the transfer of the Transferred Receivables to the Borrower and the pledge of such Transferred Receivables or Borrower Assigned Agreements, as the case may be, to the Administrative Agent on behalf of the Secured Parties and direct
that payments of all amounts due or to become due to the Borrower thereunder be made directly to the Administrative Agent or any servicer, collection agent or lockbox or other account designated by the Administrative Agent. 
 (b) The Administrative Agent may, without notice except as specified below, solicit and accept bids for and sell the Borrower Collateral or any part
thereof in one or more parcels at public or private sale, at any exchange, broker’s board or any of the Lenders’ or Managing Agents’ offices or elsewhere, for cash, on credit or for future delivery, and upon such other terms as the
Administrative Agent may deem commercially reasonable. The Administrative Agent shall have the right to conduct such sales on the Borrower’s premises or elsewhere and shall have the right to use any of the Borrower’s premises without
charge for such sales at such time or times as the Administrative Agent deems necessary or advisable. The Borrower agrees that, to the extent notice of sale shall be required by law, ten days’ notice to the Borrower of the time and place of any
public sale or the time after which any private sale is to be made shall constitute reasonable notification. The Administrative Agent shall not be obligated to make any sale of Borrower Collateral regardless of notice of sale having been given. The
Administrative Agent may adjourn any public or private sale from time to time by announcement at the time and place fixed for such sale, and such sale may, without further notice, be made at the time and place to which it was so adjourned. Every
such sale shall operate to divest all right, title, interest, claim and demand whatsoever of the Borrower in and to the Borrower Collateral so sold, and shall be a perpetual bar, both at law and in equity, against each Originator, 
  

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 the Borrower, any Person claiming any right in the Borrower Collateral sold through any Originator or the Borrower, and
their respective successors or assigns. The Administrative Agent shall deposit the net proceeds of any such sale in the Agent Account and such proceeds shall be applied against all or any part of the Borrower Obligations. 
 (c) Upon the completion of any sale under Section 9.01(b), the Borrower shall deliver or cause to be delivered to the purchaser or purchasers
at such sale on the date thereof, or within a reasonable time thereafter if it shall be impracticable to make immediate delivery, all of the Borrower Collateral sold on such date, but in any event full title and right of possession to such property
shall vest in such purchaser or purchasers upon the completion of such sale. Nevertheless, if so requested by the Administrative Agent or by any such purchaser, the Borrower shall confirm any such sale or transfer by executing and delivering to such
purchaser all proper instruments of conveyance and transfer and releases as may be designated in any such request. 
 (d) At any sale under
Section 9.01(b), any Lender, any Managing Agent or the Administrative Agent may bid for and purchase the property offered for sale and, upon compliance with the terms of sale, may hold, retain and dispose of such property without further
accountability therefor. 
 (e) The Administrative Agent may (but in no event shall be obligated to) exercise, at the sole cost and expense
of the Borrower, any and all rights and remedies of the Borrower under or in connection with the Borrower Assigned Agreements or the other Borrower Collateral, including any and all rights of the Borrower to demand or otherwise require payment of
any amount under, or performance of any provisions of, the Borrower Assigned Agreements. Without limiting the foregoing, the Administrative Agent shall, upon the occurrence of any Event of Servicer Termination, have the right to name any Successor
Servicer (including itself) pursuant to Article VIII of the Sale Agreement. 
 Section 9.02. Exercise of Remedies. No failure or
delay on the part of the Administrative Agent, any Managing Agent or any Lender in exercising any right, power or privilege under this Agreement and no course of dealing between any Originator, the Borrower or the Servicer, on the one hand, and the
Administrative Agent, any Managing Agent or any Lender, on the other hand, shall operate as a waiver of such right, power or privilege, nor shall any single or partial exercise of any right, power or privilege under this Agreement preclude any other
or further exercise of such right, power or privilege or the exercise of any other right, power or privilege. The rights and remedies under this Agreement are cumulative, may be exercised singly or concurrently, and are not exclusive of any rights
or remedies that the Administrative Agent, any Managing Agent or any Lender would otherwise have at law or in equity. No notice to or demand on any party hereto shall entitle such party to any other or further notice or demand in similar or other
circumstances, or constitute a waiver of the right of the party providing such notice or making such demand to any other or further action in any circumstances without notice or demand. 
 Section 9.03. Power of Attorney. On the Closing Date, the Borrower shall execute and deliver a power of attorney substantially in the form
attached hereto as Exhibit 9.03 (a “Power of Attorney”). The Power of Attorney is a power coupled with an 
  

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 interest and shall be irrevocable until this Agreement has terminated in accordance with its terms and all of the
Borrower Obligations are indefeasibly paid or otherwise satisfied in full. The powers conferred on the Administrative Agent under each Power of Attorney are solely to protect the Liens of the Administrative Agent (on behalf of the Secured Parties)
upon and interests in the Borrower Collateral and shall not impose any duty upon the Administrative Agent to exercise any such powers. The Administrative Agent shall not be accountable for any amount other than amounts that it actually receives as a
result of the exercise of such powers and none of the Administrative Agent’s officers, directors, employees, agents or representatives shall be responsible to the Borrower, any Originator, the Servicer or any other Person for any act or failure
to act, except to the extent of damages attributable to their own gross negligence or willful misconduct as finally determined by a court of competent jurisdiction. The Administrative Agent covenants and agrees not to use the Power of Attorney
except following a Termination Event and prior to the occurrence of the Termination Date. 
 Section 9.04. Continuing Security
Interest. This Agreement shall create a continuing Lien in the Borrower Collateral until the date such security interest is released by the Administrative Agent. 
 ARTICLE X. 
 INDEMNIFICATION 
 Section 10.01. Indemnities by the Borrower. 
 (a) Without limiting any other rights that the
Affected Parties or any of their respective officers, directors, employees, attorneys, agents, representatives, transferees, successors or assigns (each, an “Indemnified Person”) may have hereunder or under applicable law, the
Borrower hereby agrees to indemnify and hold harmless each Indemnified Person from and against any and all Indemnified Amounts that may be claimed or asserted against or incurred by any such Indemnified Person in connection with or arising out of
the transactions contemplated under this Agreement or under any other Related Document or any actions or failures to act in connection therewith, including any and all Rating Agency costs and any and all legal costs and expenses; provided
that the Borrower shall not be liable for any indemnification to an Indemnified Person to the extent that any such Indemnified Amount (x) results from such Indemnified Person’s gross negligence or willful misconduct, in each case as
finally determined by a court of competent jurisdiction or (y) constitutes recourse for uncollectible or uncollected Transferred Receivables as a result of the insolvency, bankruptcy or the failure (without cause or justification) or inability
on the part of the related Obligor to perform its obligations thereunder. Without limiting the generality of the foregoing, the Borrower shall pay on demand to each Indemnified Person any and all Indemnified Amounts relating to or resulting from:

 (i) reliance on any representation or warranty made or deemed made by the Borrower (or any of its officers) under or in
connection with this Agreement or any other Related Document (without regard to any qualifications concerning the occurrence or non-occurrence of a Material Adverse Effect or similar concepts of materiality) or on any other information delivered by
the Borrower pursuant hereto or thereto that shall have been incorrect when made or deemed made or delivered; 
  

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 (ii) the failure by the Borrower to comply with any term, provision or covenant contained
in this Agreement, any other Related Document or any agreement executed in connection herewith or therewith (without regard to any qualifications concerning the occurrence or non-occurrence of a Material Adverse Effect or similar concepts of
materiality), any applicable law, rule or regulation with respect to any Transferred Receivable or the Contract therefor, or the nonconformity of any Transferred Receivable or the Contract therefor with any such applicable law, rule or regulation;

 (iii)(1) the failure to vest and maintain vested in the Borrower valid and properly perfected title to and sole record and
beneficial ownership of the Receivables that constitute Transferred Receivables, together with all Collections in respect thereof and all other Borrower Collateral, free and clear of any Adverse Claim and (2) the failure to maintain or transfer
to the Administrative Agent, for the benefit of the Secured Parties, a first priority, perfected Lien in any portion of the Borrower Collateral; 
 (iv) any dispute, claim, offset or defense of any Obligor (other than its discharge in bankruptcy) to the payment of any Transferred Receivable (including a defense based on such Receivable or the Contract therefor
not being a legal, valid and binding obligation of such Obligor enforceable against it in accordance with its terms), or any other claim resulting from the sale of the merchandise or services giving rise to such Receivable or the furnishing of or
failure to furnish such merchandise or services or relating to collection activities with respect to such Receivable (if such collection activities were performed by any of its Affiliates acting as Servicer); 
 (v) any products liability claim or other claim arising out of or in connection with merchandise, insurance or services that is the
subject of any Contract with respect to any Transferred Receivable; 
 (vi) the commingling of Collections with respect to
Transferred Receivables by the Borrower at any time with its other funds or the funds of any other Person; 
 (vii) any
failure by the Borrower to cause the filing of, or any delay in filing, financing statements or other similar instruments or documents under the UCC of any applicable jurisdiction or any other applicable laws with respect to any Transferred
Receivable hereunder or any other Borrower Collateral, whether at the time of the Borrower’s acquisition thereof or any Advance made hereunder or at any subsequent time; 
 (viii) any investigation, litigation or proceeding related to this Agreement or the ownership of Transferred Receivables or Collections
with respect thereto; 
  

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 (ix) any failure of (w) a Lockbox Bank to comply with the terms of the applicable
Lockbox Agreement, (x) the Collection Account Bank to comply with the terms of the Collection Account Agreement, (y) the Concentration Account Bank to comply with the terms of the Concentration Account Agreement, or (z) the Borrower
Account Bank to comply with the terms of the Borrower Account Agreement; or 
 (x) any withholding, deduction or Charge
imposed upon any payments with respect to any Transferred Receivable, any Borrower Assigned Agreement or any other Borrower Collateral. 
 (b) Any Indemnified Amounts subject to the indemnification provisions of this Section 10.01 not paid in accordance with Section 2.08 shall be paid by the Borrower to the Indemnified Person entitled thereto within
five Business Days following demand therefor. 
 ARTICLE XI. 
 ADMINISTRATIVE AGENT 
 Section 11.01. Appointment and Authorization. Each Secured Party hereby
irrevocably appoints, designates and authorizes the Administrative Agent and its applicable Managing Agent to take such action on its behalf under the provisions of this Agreement and each other Related Document and to exercise such powers and
perform such duties as are expressly delegated to such Administrative Agent or Managing Agent, as applicable, by the terms of this Agreement and any other Related Document, together with such other powers as are reasonably incidental thereto.
Notwithstanding any provision to the contrary contained elsewhere in this Agreement or in any other Related Document, no Administrative Agent or Managing Agent shall have any duties or responsibilities except those expressly set forth in this
Agreement, nor shall the Administrative Agent or any Managing Agent have or be deemed to have any fiduciary relationship with any Secured Party, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read
into this Agreement or any other Related Document or otherwise exist against any Administrative Agent or Managing Agent. Without limiting the generality of the foregoing sentence, the use of the term “agent” in this Agreement with
reference to any Administrative Agent or Managing Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable law. Instead, such term is used merely as a matter of market
custom, and is intended to create or reflect only an administrative relationship between independent contracting parties. 
 Section 11.02. Delegation of Duties. The Administrative Agent and each Managing Agent may execute any of its duties under this Agreement or any other Related Document by or through agents, employees or attorneys-in-fact and
shall be entitled to advice of counsel concerning all matters pertaining to such duties. Neither the Administrative Agent nor any Managing Agent shall be responsible for the negligence or misconduct of any agent or attorney-in-fact that it selects
with reasonable care. 
 Section 11.03. Liability of Administrative Agent and Managing Agents. No Agent-Related Person shall
(a) be liable for any action taken or omitted to be taken by any of them under or in connection with this Agreement or any other Related Document or 
  

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 the transactions contemplated hereby (except for its own gross negligence or willful misconduct), or (b) be
responsible in any manner to any Secured Party for any recital, statement, representation or warranty made by the Borrower, any Originator, the Parent or the Servicer, or any officer thereof, contained in this Agreement or in any other Related
Document, or in any certificate, report, statement or other document referred to or provided for in, or received by the Administrative Agent or such Managing Agent under or in connection with, this Agreement or any other Related Document, or the
validity, effectiveness, genuineness, enforceability or sufficiency of this Agreement or any other Related Document, or for any failure of the Borrower, any Originator, the Parent, the Servicer or any other party to any Related Document to perform
its obligations hereunder or thereunder. No Agent-Related Person shall be under any obligation to any Secured Party to ascertain or to inquire as to the observance or performance of any of the agreements contained in, or conditions of, this
Agreement or any other Related Document, or to inspect the properties, books or records of the Borrower, any Originator, the Parent, the Servicer or any of their respective Affiliates. 
 Section 11.04. Reliance by the Administrative Agent and the Managing Agents. (a) The Agent and each Managing Agent shall be entitled to
rely, and shall be fully protected in relying, upon any writing, resolution, notice, consent, certificate, affidavit, letter, telegram, facsimile, telex or telephone message, statement or other document or conversation believed by it to be genuine
and correct and to have been signed, sent or made by or on behalf of the proper Person or Persons, and upon advice and statements of legal counsel (including counsel to the Borrower, any Originator, the Parent and the Servicer), independent
accountants and other experts selected by the Administrative Agent or such Managing Agent. The Administrative Agent and each Managing Agent shall be fully justified in failing or refusing to take any action under this Agreement or any other Related
Document unless it shall first receive such advice or concurrence of the Managing Agents or the Lenders in its Lender Group, as applicable, as it deems appropriate and, if it so requests, it shall first be indemnified to its satisfaction by the
Lenders against any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action. The Administrative Agent and each Managing Agent shall in all cases be fully protected in acting, or in
refraining from acting, under this Agreement or any other Related Document in accordance with a request or consent of the Managing Agents or the Lenders in its Lender Group, as applicable, or, if required hereunder, all Lenders and such request and
any action taken or failure to act pursuant thereto shall be binding upon all of the Lenders. 
 (b) For purposes of determining compliance
with the conditions specified in Article III on the Closing Date, each Lender that has executed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter either sent by
the Administrative Agent or any Managing Agent to such Lender for consent, approval, acceptance or satisfaction, or required thereunder to be consented to or approved by or acceptable or satisfactory to such Lender. 
 Section 11.05. Notice of Termination Event, Incipient Termination Event, Event of Servicer Termination or Incipient Servicer Termination
Event. Neither the Administrative Agent nor any Managing Agent shall be deemed to have knowledge or notice of the occurrence of an Incipient Termination Event, Termination Event, Event of Servicer Termination or Incipient Servicer 
  

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 Termination Event, unless it has received written notice from a Lender or the Borrower referring to this Agreement,
describing such Incipient Termination Event, Termination Event, Event of Servicer Termination or Incipient Servicer Termination Event and stating that such notice is a “Notice of Termination Event or Incipient Termination Event” or
“Notice of Incipient Servicer Termination Event or Event of Servicer Termination,” as applicable. Each Managing Agent will notify the Lenders in its Lender Group of its receipt of any such notice. The Administrative Agent and each Managing
Agent shall (subject to Section 11.04) take such action with respect to such event as may be requested by the Managing Agents (or its Lenders in its Lender Group); provided that, unless and until the Administrative Agent shall
have received any such request, the Administrative Agent (or Managing Agent) may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such event as it shall deem advisable or in the best interest of
the Secured Parties or Lenders, as applicable. 
 Section 11.06. Credit Decision; Disclosure of Information. Each Secured Party
acknowledges that none of the Agent-Related Persons has made any representation or warranty to it, and that no act by the Administrative Agent or any Managing Agent hereinafter taken, including any consent to and acceptance of any assignment or
review of the affairs of the Borrower, the Parent, the Servicer, the Originators or any of their respective Affiliates, shall be deemed to constitute any representation or warranty by any Agent-Related Person to any Secured Party as to any matter,
including whether the Agent-Related Persons have disclosed material information in their possession. Each Secured Party, including any Lender by assignment, represents to the Administrative Agent and its Managing Agent that it has, independently and
without reliance upon any Agent-Related Person and based on such documents and information as it has deemed appropriate, made its own appraisal of and investigation into the business, prospects, operations, property, financial and other condition
and creditworthiness of the Borrower, the Parent, the Servicer, each Originator or their respective Affiliates, and all applicable bank regulatory laws relating to the transactions contemplated hereby, and made its own decision to enter into this
Agreement and to extend credit to the Borrower hereunder. Each Secured Party also represents that it shall, independently and without reliance upon any Agent-Related Person and based on such documents and information as it shall deem appropriate at
the time, continue to make its own credit analysis, appraisals and decisions in taking or not taking action under this Agreement and the other Related Documents, and to make such investigations as it deems necessary to inform itself as to the
business, prospects, operations, property, financial and other condition and creditworthiness of the Borrower, the Parent, the Servicer or the Originators. Except for notices, reports and other documents expressly herein required to be furnished to
the Security Parties by the Administrative Agent or any Managing Agent herein, neither the Administrative Agent nor any Managing Agent shall have any duty or responsibility to provide any Secured Party with any credit or other information concerning
the business, prospects, operations, property, financial and other condition or creditworthiness of the Borrower, the Parent, the Servicer, any Originator or their respective Affiliates which may come into the possession of any of the Agent-Related
Persons. 
 Section 11.07. Indemnification. Whether or not the transactions contemplated hereby are consummated, the Committed
Lenders (or the Committed Lenders in the applicable Lender Group) shall indemnify upon demand each Agent-Related Person (to the extent not reimbursed by or on behalf of the Borrower and without limiting the obligation of the Borrower to do so), pro
rata, and hold harmless each Agent-Related Person from and against any and all Indemnified Amounts incurred by it; provided that no 
  

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 Committed Lender shall be liable for the payment to any Agent-Related Person of any portion of such Indemnified Amounts
resulting from such Person’s gross negligence or willful misconduct, as finally determined by a court of competent jurisdiction; provided that no action taken by Administrative Agent (or any Managing Agent) in accordance with the
directions of the Managing Agents (or the Lenders in its Lender Group) shall be deemed to constitute gross negligence or willful misconduct for purposes of this Section. Without limitation of the foregoing, each Lender shall reimburse its Managing
Agent, the Administrative Agent and each Letter of Credit Issuer upon demand for its ratable share of any costs or out-of-pocket expenses (including attorney’s fees) incurred in connection with the preparation, execution, delivery,
administration, modification, amendment or enforcement (whether through negotiations, legal proceedings or otherwise) of, or legal advice in respect of rights or responsibilities under, this Agreement, any other Related Document, or any document
contemplated by or referred to herein, to the extent that the Administrative Agent or such Managing Agent is not reimbursed for such expenses by or on behalf of the Borrower. The undertaking in this Section shall survive payment on the Termination
Date and the resignation or replacement of the Administrative Agent or such Managing Agent. 
 Section 11.08. Individual
Capacity. The Administrative Agent and each Managing Agent (and any successor thereto in such capacity) and its Affiliates may make loans to, issue letters of credit for the account of, accept deposits from, acquire equity interests in and
generally engage in any kind of banking, trust, financial advisory, underwriting or other business with any of the Borrower, the Parent, the Originators, the Servicer, or any of their Subsidiaries or Affiliates as though it were not the
Administrative Agent, a Managing Agent or a Lender hereunder, as applicable, and without notice to or consent of the Secured Parties. The Secured Parties acknowledge that, pursuant to such activities, any such Person or its Affiliates may receive
information regarding the Borrower, the Parent, the Originators, the Servicer or their respective Affiliates (including information that may be subject to confidentiality obligations in favor of such Person) and acknowledge that the Administrative
Agent shall be under no obligation to provide such information to them. With respect to its Commitment, the Administrative Agent and each Managing Agent (and any successor thereto in such capacity) in its capacity as a Committed Lender hereunder
shall have the same rights and powers under this Agreement as any other Committed Lender and may exercise the same as though it were not the Administrative Agent, a Managing Agent or a Committed Lender, as applicable, and the term “Committed
Lender” shall, unless the context otherwise indicates, include the Administrative Agent and each Managing Agent in its individual capacity. 
 Section 11.09. Resignation. The Administrative Agent or any Managing Agent may resign upon thirty (30) days’ notice to the applicable Lenders. If the Administrative Agent resigns under this Agreement, the Requisite
Lenders shall appoint from among the Committed Lenders a successor agent for the Secured Parties. If no successor agent is appointed prior to the effective date of the resignation of the Administrative Agent, the Administrative Agent may appoint,
after consulting with the Lenders, a successor agent from among the Committed Lenders. Upon the acceptance of its appointment as successor agent hereunder, such successor agent shall succeed to all the rights, powers and duties of the retiring
Administrative Agent and the term “Administrative Agent” shall mean such successor agent and the Administrative Agent’s appointment, powers and duties as Administrative Agent shall be terminated. After any retiring Administrative
Agent’s resignation hereunder as Administrative Agent, the provisions of this Section 11.09 and 
  

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 Sections 11.03 and 11.07 shall inure to its benefit as to any actions taken or omitted to be taken by it
while it was the Administrative Agent under this Agreement. If no successor agent has accepted appointment as Administrative Agent by the date which is thirty (30) days following a retiring Administrative Agent’s notice of resignation, the
retiring Administrative Agent’s resignation shall nevertheless thereupon become effective and the Committed Lenders shall perform all of the duties of the Administrative Agent hereunder until such time, if any, as the Requisite Lenders appoint
a successor agent as provided for above. If a Managing Agent resigns under this Agreement, the Lenders in such Lender Group shall appoint a successor agent. 
 Section 11.10. Payments by the Administrative Agent and the Managing Agents. Unless specifically allocated to a Committed Lender pursuant to the terms of this Agreement, all amounts received by the
Administrative Agent or a Managing Agent on behalf of the Lenders shall be paid to the applicable Managing Agent or Lenders pro rata in accordance with amounts then due on the Business Day received, unless such amounts are received after 12:00 noon
on such Business Day, in which case the applicable agent shall use its reasonable efforts to pay such amounts on such Business Day, but, in any event, shall pay such amounts not later than the following Business Day. 
 Section 11.11. Setoff and Sharing of Payments. In addition to any rights now or hereafter granted under applicable law and not by way of
limitation of any such rights, upon the occurrence and during the continuance of any Termination Event, each Lender and each holder of any Note is hereby authorized at any time or from time to time, without notice to the Borrower or to any other
Person, any such notice being hereby expressly waived (but subject to Section 2.03(b)(i)), to set off and to appropriate and to apply any and all balances held by it at any of its offices for the account of the Borrower (regardless of
whether such balances are then due to the Borrower) and any other properties or assets any time held or owing by that Lender or that holder to or for the credit or for the account of the Borrower against and on account of any of the Borrower
Obligations which are not paid when due. Any Lender or holder of any Note exercising a right to set off or otherwise receiving any payment on account of the Borrower Obligations in excess of its Pro Rata Share thereof shall purchase for cash (and
the other Lenders or holders shall sell) such participations in each such other Lender’s or holder’s Pro Rata Share of the Borrower Obligations as would be necessary to cause such Lender to share the amount so set off or otherwise received
with each other Lender or holder in accordance with their respective Pro Rata Shares. Each Lender’s obligation pursuant to this Section 11.11 is in addition to and not in limitation of its obligations to purchase a participation
equal to its Pro Rata Share of the Swing Line Loan pursuant to Section 2.01(b). The Borrower agrees, to the fullest extent permitted by law, that (a) any Lender or holder may exercise its right to set off with respect to amounts in
excess of its Pro Rata Share of the Borrower Obligations and may sell participations in such amount so set off to other Lenders and holders and (b) any Lender or holders so purchasing a participation in the Advances made or other Borrower
Obligations held by other Lenders or holders may exercise all rights of set off, bankers’ lien, counterclaim or similar rights with respect to such participation as fully as if such Lender or holder were a direct holder of the Advances, and the
other Borrower Obligations in the amount of such participation. Notwithstanding the foregoing, if all or any portion of the set-off amount or payment otherwise received is thereafter recovered from the Lender that has exercised the right of set-off,
the purchase of participations by that Lender shall be rescinded and the purchase price restored without interest. 
  

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 ARTICLE XII. 
 MISCELLANEOUS 
 Section 12.01. Notices. Except as otherwise provided herein, whenever it is
provided herein that any notice, demand, request, consent, approval, declaration or other communication shall or may be given to or served upon any of the parties by any other parties, or whenever any of the parties desires to give or serve upon any
other parties any communication with respect to this Agreement, each such notice, demand, request, consent, approval, declaration or other communication shall be in writing and shall be deemed to have been validly served, given or delivered
(a) upon the earlier of actual receipt and three Business Days after deposit in the United States Mail, registered or certified mail, return receipt requested, with proper postage prepaid, (b) upon transmission, when sent by email of the
signed notice in PDF form or facsimile (with such email or facsimile promptly confirmed by delivery of a copy by personal delivery or United States Mail as otherwise provided in this Section 12.01), (c) one Business Day after
deposit with a reputable overnight courier with all charges prepaid or (d) when delivered, if hand delivered by messenger, all of which shall be addressed to the party to be notified and sent to the address or facsimile number set forth below
or to such other address (or facsimile number) as may be substituted by notice given as herein provided. The giving of any notice required hereunder may be waived in writing by the party entitled to receive such notice. Failure or delay in
delivering copies of any notice, demand, request, consent, approval, declaration or other communication to any Person (other than any Lender, any Managing Agent and the Administrative Agent) designated in any written notice provided hereunder to
receive copies shall in no way adversely affect the effectiveness of such notice, demand, request, consent, approval, declaration or other communication. Notwithstanding the foregoing, whenever it is provided herein that a notice is to be given to
any other party hereto by a specific time, such notice shall only be effective if actually received by such party prior to such time, and if such notice is received after such time or on a day other than a Business Day, such notice shall only be
effective on the immediately succeeding Business Day. The SMBC Lender Group hereby notifies the parties hereto that all notices to any member of the SMBC Lender Group shall be sent to SMBC-SI as their representative, as set forth on Schedule
12.01 attached hereto. 
 Section 12.02. Binding Effect; Assignability. 
 (a) This Agreement shall be binding upon and inure to the benefit of the Borrower, each Lender, each Managing Agent, each Administrator and the
Administrative Agent and their respective successors and permitted assigns. The Borrower may not assign, transfer, hypothecate or otherwise convey any of its rights or obligations hereunder or interests herein without the express prior written
consent of the Requisite Lenders. Any such purported assignment, transfer, hypothecation or other conveyance by the Borrower without the prior express written consent of the Requisite Lenders shall be void. The parties hereto acknowledge and agree
that, to the extent the terms and provisions of any Intercreditor Agreement are inconsistent with the terms and provisions of this Agreement or the Sale Agreement, the terms and provisions of such Intercreditor Agreement shall control. Each of the
Lenders, Managing Agents, Administrators and the Administrative Agent agrees not to transfer any interest it may have in the Related 
  

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 Documents unless the applicable transferee has been notified of the existence of each Intercreditor Agreement and has
agreed to be bound thereby. 
 (b) The Borrower hereby consents to any Lender’s assignment or pledge of, and/or sale of participations
in, at any time or times after the Effective Date of the Related Documents, Advances, and any Commitment or of any portion thereof or interest therein, including any Lender’s rights, title, interests, remedies, powers or duties thereunder
(including an assignment by the Swing Line Lender of all or any portion of its Swing Line Commitment), whether evidenced by a writing or not, made in accordance with this Section 12.02(b). Any assignment by a Lender shall
(i) require the execution of an assignment agreement (an “Assignment Agreement”) substantially in the form attached hereto as Exhibit 12.02(b) or otherwise in form and substance satisfactory to the Administrative
Agent, and acknowledged by the Administrative Agent, and the consent of the Administrative Agent and, so long as no Termination Event has occurred and is continuing, the Borrower (which consent shall not be unreasonably withheld or delayed and may
be withheld if the short-term unsecured debt rating of the proposed Lender is not at least “A-1” or the equivalent by S&P and “P-1” or the equivalent by Moody’s at the time of such assignment); (ii) if a partial
assignment, be in an amount at least equal to $5,000,000 and, after giving effect to any such partial assignment, the assigning Committed Lender shall have retained Commitments in an amount at least equal to $5,000,000; (iii) require the
delivery to the Administration Agent by the assignee or participant, as the case may be, of any forms, certificates or other evidence with respect to United States tax withholding matters, and (iv) other than in the case of an assignment by a
Lender to one of its Affiliates or by a Discretionary Lender to a Committed Lender or to a Program Support Provider, include a payment to the Administrative Agent by the assignor or assignee Lender of an assignment fee of $3,500. In the case of an
assignment by a Lender under this Section 12.02, the assignee shall have, to the extent of such assignment, the same rights, benefits and obligations as it would if it were a Lender hereunder. The assigning Lender shall be relieved of
its obligations hereunder with respect to its Commitments or assigned portion thereof from and after the date of such assignment. The Borrower hereby acknowledges and agrees that any assignment made in accordance with this
Section 12.02(b) will give rise to a direct obligation of the Borrower to the assignee and that the assignee shall thereupon be a “Lender” for all purposes. In all instances, each Committed Lender’s obligation to make
Revolving Credit Advances shall be several and not joint and shall be limited to such Committed Lender’s Pro Rata Share of the applicable Commitment. In the event any Lender assigns or otherwise transfers all or any part of a Revolving Note or
the Swing Line Note, such Lender shall so notify the Borrower and the Borrower shall, upon the request of such Lender, execute new Revolving Notes or Swing Line Notes in exchange for the Revolving Notes or Swing Line Notes, as the case may be, being
assigned. Notwithstanding the foregoing provisions of this Section 12.02(b), any Lender may at any time pledge or assign all or any portion of such Lender’s rights under this Agreement and the other Related Documents to any Federal
Reserve Bank or to any holder or trustee of such Lender’s securities; provided that no such pledge or assignment to any Federal Reserve Bank, holder or trustee shall release such Lender from such Lender’s obligations hereunder or
under any other Related Document and no such holder or trustee shall be entitled to enforce any rights of such Lender hereunder unless such holder or trustee becomes a Lender hereunder through execution of an Assignment Agreement as set forth above.

  

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 (c) In addition to the foregoing right, without notice to or consent from the Administrative Agent or the
Borrower, (x) any Lender may assign to any of its Affiliates and any Discretionary Lender may assign to a Committed Lender or to a Program Support Provider all or a portion of its rights (but not its obligations) under the Related Documents,
including a sale of any Advances or other Borrower Obligations hereunder and such Lender’s right to receive payment with respect to any such Borrower Obligation and (y) sell participations to one or more Persons in or to all or a portion
of its rights and obligations under the Related Documents (including all its rights and obligations with respect to the Advances); provided that (x) no such participant shall have a commitment, or be deemed to have made an offer to
commit, to make Advances hereunder, and none shall be liable to any Person for any obligations of such Lender hereunder (it being understood that nothing in this Section 12.02(c) shall limit any rights the Lender may have as against such
participant under the terms of the applicable option, sale or participation agreement between or among such parties); and (y) no holder of any such participation shall be entitled to require such Lender to take or omit to take any action
hereunder except actions directly affecting (i) any reduction in the principal amount of, or interest rate or Fees payable with respect to, any Advance in which such holder participates, (ii) any extension of any scheduled payment of the
principal amount of any Advance in which such holder participates or the final maturity date thereof, and (iii) any release of all or substantially all of the Borrower Collateral (other than in accordance with the terms of this Agreement or the
other Related Documents). Solely for purposes of Sections 2.08, 2.09, 2.10, and 9.01, Borrower acknowledges and agrees that each such sale or participation shall give rise to a direct obligation of the Borrower to the
participant and each such participant shall be considered to be a “Lender” for purposes of such sections. Except as set forth in the preceding sentence, such Lender’s rights and obligations, and the rights and obligations of the other
Lenders, the Managing Agents and the Administrative Agent towards such Lender under any Related Document shall remain unchanged and none of the Borrower, the Administrative Agent, any Managing Agent or any Lender (other than the Lender selling a
participation) shall have any duty to any participant and may continue to deal solely with the assigning or selling Lender as if no such assignment or sale had occurred. 
 (d) Without limiting the foregoing, a Conduit Lender may, from time to time, with prior or concurrent notice to the Borrower, in one transaction or a series of transactions, assign all or a portion of its interest in
the Advances and its rights and obligations under this Agreement and any other Related Documents to which it is a party to a Conduit Assignee; provided that (i) if the ratings of the Commercial Paper of such Conduit Assignee are not at
least equal to the ratings of such Conduit Lender, then Borrower consent shall be required, and (ii) such assignment complies with Section 12.02(b) (other than not requiring the consent of the Borrower). Upon and to the extent of
such assignment by a Conduit Lender to a Conduit Assignee, (i) such Conduit Assignee shall be the owner of the assigned portion of such interest, (ii) the related Administrator for such Conduit Assignee will act as the Administrator for
such Conduit Assignee hereunder, with all corresponding rights and powers, express or implied, granted to the Administrator hereunder or under the other Related Documents, (iii) such Conduit Assignee (and any related commercial paper issuer, if
such Conduit Assignee does not itself issue commercial paper) and their respective liquidity support provider(s) and credit support provider(s) and other related parties shall have the benefit of all the rights and protections provided to the
Conduit Lender and its Program Support Provider(s) herein and in the other Related Documents (including any limitation on recourse against such Conduit Assignee or related parties, any agreement not to file or join in the filing of a petition to
commence an insolvency proceeding 
  

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 against such Conduit Assignee, and the right to assign to another Conduit Assignee as provided in this paragraph),
(iv) such Conduit Assignee shall assume all (or the assigned or assumed portion) of the Conduit Lender’s obligations, if any, hereunder or any other Related Document, and the Conduit Lender shall be released from such obligations, in each
case to the extent of such assignment, and the obligations of the Conduit Lender and such Conduit Assignee shall be several and not joint, (v) all distributions in respect of such interest in the Advances shall be made to the applicable
Managing Agent or the related Administrator, as applicable, on behalf of the Conduit Lender and such Conduit Assignee on a pro rata basis according to their respective interests, (vi) the definition of the term “CP Rate” with respect
to the portion of the Advances funded with commercial paper issued by the Conduit Lender from time to time shall be determined in the manner set forth in the definition of “CP Rate” applicable to the Conduit Lender on the basis of the
interest rate or discount applicable to commercial paper issued by such Conduit Assignee (or the related commercial paper issuer, if such Conduit Assignee does not itself issue commercial paper) rather than the Conduit Lender, (vii) the defined
terms and other terms and provisions of this Agreement and the other Related Documents shall be interpreted in accordance with the foregoing, (viii) the Conduit Assignee, if it shall not be a Lender already, shall deliver to the Administrative
Agent, the Borrower and the Servicer, all applicable tax documentation reasonably requested by the Administrative Agent, the Borrower or the Servicer and (ix) if requested by the related Managing Agent or the related Administrator with respect
to the Conduit Assignee, the parties will execute and deliver such further agreements and documents and take such other actions as the related Managing Agent or such Administrator may reasonably request to evidence and give effect to the foregoing.
For the avoidance of doubt, no assignment by a Conduit Lender to a Conduit Assignee of all or any portion of its interest in the Advances shall in any way diminish the related Committed Lenders’ obligations under Section 2.03 to
fund any Advances not funded by the related Conduit Lender or such Conduit Assignee or to acquire from the Conduit Lender or such Conduit Assignee all or any portion of their interest in the Advances pursuant to Section 13.01.

 (e) In the event that a Conduit Lender makes an assignment to a Conduit Assignee in accordance with clause (d) above, the
Related Committed Lenders: (i) if requested by the related Administrator, shall terminate their participation in the applicable Program Support Agreement to the extent of such assignment, (ii) if requested by the related Administrator,
shall execute (either directly or through a participation agreement, as determined by such Administrator) the program support agreement related to such Conduit Assignee, to the extent of such assignment, the terms of which shall be substantially
similar to those of the participation or other agreement entered into by such Committed Lender with respect to the applicable Program Support Agreement (or which shall be otherwise reasonably satisfactory to the Administrator and the Related
Committed Lenders), (iii) if requested by the related Conduit Lender, shall enter into such agreements as requested by such Conduit Lender pursuant to which they shall be obligated to provide funding to the Conduit Assignee on substantially the
same terms and conditions as is provided for in this Agreement in respect of such Conduit Lender (or which agreements shall be otherwise reasonably satisfactory to such Conduit Lender and the Committed Lenders), and (iv) shall take such actions
as the Administrative Agent shall reasonably request in connection therewith. 
  

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 (f) Except as expressly provided in this Section 12.02, no Lender shall, as between the
Borrower and that Lender, or between the Administrative Agent and that Lender, be relieved of any of its obligations hereunder as a result of any sale, assignment, transfer or negotiation of, or granting of a participation in, all or any part of the
Advances, the Revolving Notes, the Swing Line Note or other Borrower Obligations owed to such Lender. 
 (g) The Borrower shall assist any
Lender permitted to sell assignments or participations under this Section 12.02 as reasonably required to enable the assigning or selling Lender to effect any such assignment or participation, including the execution and delivery of any
and all agreements, notes and other documents and instruments as shall be reasonably requested and the participation of management in meetings with potential assignees or participants. 
 (h) A Lender may furnish any information concerning the Borrower, the Originators, the Servicer and/or the Receivables in the possession of such Lender
from time to time to assignees and participants (including prospective assignees and participants). Each Lender shall obtain from all prospective and actual assignees or participants confidentiality covenants substantially equivalent to those
contained in Section 12.05. 
 Section 12.03. Termination; Survival of Borrower Obligations Upon Facility Termination
Date. 
 (a) This Agreement shall create and constitute the continuing obligations of the parties hereto in accordance with its terms, and
shall remain in full force and effect until the Termination Date. 
 (b) Except as otherwise expressly provided herein or in any other
Related Document, no termination or cancellation (regardless of cause or procedure) of any commitment made by any Affected Party under this Agreement shall in any way affect or impair the obligations, duties and liabilities of the Borrower or the
rights of any Affected Party relating to any unpaid portion of the Borrower Obligations, due or not due, liquidated, contingent or unliquidated or any transaction or event occurring prior to such termination, or any transaction or event the
performance of which is required after the Facility Termination Date. Except as otherwise expressly provided herein or in any other Related Document, all undertakings, agreements, covenants, warranties and representations of or binding upon the
Borrower and all rights of any Affected Party hereunder, all as contained in the Related Documents, shall not terminate or expire, but rather shall survive any such termination or cancellation and shall continue in full force and effect until the
Termination Date; provided that the rights and remedies provided for herein with respect to any breach of any representation or warranty made by the Borrower pursuant to Section 4.01(a), (c), (e), (j),
(p), (r) and (v), Article IV, the indemnification and payment provisions of Article X and Sections 11.05, 12.05, 12.14 and 12.15 shall be continuing and shall survive the
Termination Date. 
 Section 12.04. Costs, Expenses and Taxes. (a) The Borrower (failing whom, the Originators) shall
reimburse the Administrative Agent, each Managing Agent and each Lender for all reasonable out of pocket expenses incurred in connection with the negotiation and preparation of this Agreement and the other Related Documents (including the reasonable
fees and expenses of 
  

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 all of its special counsel, advisors, consultants and auditors retained in connection with the transactions contemplated
thereby and advice in connection therewith). The Borrower shall reimburse each Lender, each Managing Agent and the Administrative Agent for all fees, costs and expenses, including the fees, costs and expenses of counsel or other advisors (including
environmental and management consultants and appraisers) for advice, assistance, or other representation in connection with: 
 (i) the forwarding to the Borrower or any other Person on behalf of the Borrower by any Lender of any proceeds of Advances made by such Lender hereunder; 
 (ii) any amendment, modification or waiver of, consent with respect to, or termination of this Agreement or any of the other Related
Documents or advice in connection with the administration hereof or thereof or their respective rights hereunder or thereunder; 
 (iii) any Litigation, contest or dispute (whether instituted by the Borrower, any Lender, any Managing Agent, the Administrative Agent or any other Person as a party, witness, or otherwise) in any way relating to the Borrower Collateral,
any of the Related Documents or any other agreement to be executed or delivered in connection herewith or therewith, including any Litigation, contest, dispute, suit, case, proceeding or action, and any appeal or review thereof, in connection with a
case commenced by or against the Borrower, the Servicer or any other Person that may be obligated to any Lender, any Managing Agent or the Administrative Agent by virtue of the Related Documents, including any such Litigation, contest, dispute,
suit, proceeding or action arising in connection with any work-out or restructuring of the transactions contemplated hereby; 
 (iv) any attempt to enforce any remedies of a Lender, a Managing Agent or the Administrative Agent against the Borrower, the Servicer or any other Person that may be obligated to them by virtue of any of the Related Documents, including any
such attempt to enforce any such remedies in the course of any work-out or restructuring of the transactions contemplated hereby; 
 (v) any work-out or restructuring of the transactions contemplated hereby; and 
 (vi) efforts to (A) monitor
the Advances or any of the Borrower Obligations, (B) evaluate, observe or assess the Originators, the Parent, the Borrower, or the Servicer or their respective affairs, and (C) verify, protect, evaluate, assess, appraise, collect, sell,
liquidate or otherwise dispose of any of the Borrower Collateral; 
 including all reasonable attorneys’ and other professional and service
providers’ fees arising from such services, including those in connection with any appellate proceedings, and all reasonable expenses, costs, charges and other fees incurred by such counsel and others in connection with or relating to any of
the events or actions described in this Section 12.04, all of which shall be payable, on demand, by the Borrower (failing whom, the Originators) to the applicable Lender, the applicable Managing Agent or the 
  

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 Administrative Agent, as applicable. Without limiting the generality of the foregoing, such expenses, costs, charges and
fees may include: reasonable fees, costs and expenses of accountants, environmental advisors, appraisers, investment bankers, management and other consultants and paralegals; court costs and expenses; photocopying and duplication expenses; court
reporter fees, costs and expenses; long distance telephone charges; air express charges; telegram or facsimile charges; secretarial overtime charges; and expenses for travel, lodging and food paid or incurred in connection with the performance of
such legal or other advisory services. 
 (b) In addition, the Borrower (failing whom, the Originators) shall pay on demand any and all
stamp, sales, excise and other taxes, gross receipts or franchise taxes and fees payable or determined to be payable in connection with the execution, delivery, filing or recording of this Agreement or any other Related Document excluding taxes
imposed on or measured by the net income, gross receipts or franchise taxes of any Affected Party by the jurisdictions under the laws of which such Affected Party is organized or by any political subdivisions thereof, and the Borrower (failing whom,
each Originator) agrees to indemnify and save each Indemnified Person harmless from and against any and all liabilities with respect to or resulting from any delay or failure to pay such taxes and fees. 
 Section 12.05. Confidentiality. 
 (a) Except to the extent otherwise required by applicable law or as required to be filed publicly with the Securities and Exchange Commission, or unless the Administrative Agent shall otherwise consent in writing, the Borrower agrees to
maintain the confidentiality of this Agreement (and all drafts hereof and documents ancillary hereto), in its communications with third parties other than any Affected Party or any Indemnified Person or any financial institution party to the Credit
Agreement and otherwise not to disclose, deliver or otherwise make available to any third party (other than its directors, officers, employees, accountants or counsel) the original or any copy of all or any part of this Agreement (or any draft
hereof and documents ancillary hereto) except to an Affected Party or an Indemnified Person or any financial institution party to the Credit Agreement. 
 (b) The Borrower agrees that it shall not (and shall not permit any of its Affiliates to) issue any news release or make any public announcement pertaining to the transactions contemplated by this Agreement and the
other Related Documents without the prior written consent of the Managing Agents and the Administrative Agent (which consent shall not be unreasonably withheld) unless such news release or public announcement is required by law, in which case the
Borrower shall consult with the Administrative Agent and any Managing Agents specifically referenced therein prior to the issuance of such news release or public announcement. The Borrower may, however, disclose the general terms of the transactions
contemplated by this Agreement and the other Related Documents to trade creditors, suppliers and other similarly-situated Persons so long as such disclosure is not in the form of a news release or public announcement. 
 (c) The Administrative Agent, each Managing Agent, each Administrator and each Lender agrees to maintain the confidentiality of the Information (as
defined below), and will not use such confidential Information for any purpose or in any matter 
  

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 except in connection with this Agreement, except that Information may be disclosed (1) to (i) each Affected
Party (ii) its and each Affected Party’s and their respective Affiliates’ directors, officers, employees and agents, including accountants, legal counsel and other advisors (it being understood that the Persons to whom such disclosure
is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential and to not disclose or use such Information in violation of Regulation FD (17 C.F.R. § 243.100-243.103)) and
(iii) industry trade organizations for inclusion in league table measurements, (2) to any regulatory authority, (3) to the extent required by applicable laws or regulations or by any subpoena or similar legal process, (4) to any
other party to this Agreement, (5) to the extent required in connection with the exercise of any remedies hereunder or any suit, action or proceeding relating to this Agreement or any other Related Document or the enforcement of rights
hereunder or thereunder, (6) subject to an agreement containing provisions substantially the same as those of this Section, to any assignee of (or participant in), or any prospective assignee of (or participant in), any of its rights or
obligations under this Agreement, (7) with the consent of the Borrower (8) to any nationally recognized statistical rating organization rating a Conduit Lender’s Commercial Paper, any dealer or placement agent of or depositary for the
Conduit Lender’s Commercial Paper, any Administrator, any Program Support Provider, any credit/financing provider to any Conduit Lender or any of such Person’s counsel or accountants in relation to this Agreement or any other Related
Document if they agree to hold the Information confidential or (9) to the extent such Information (i) becomes publicly available other than as a result of a breach of this Section or any other confidentiality agreement to which it is party
with the Borrower or the Parent or any subsidiary thereof or (ii) becomes available to the Administrative Agent, any Managing Agent, any Administrator or any Lender on a nonconfidential basis from a source other than the Parent or any
subsidiary thereof. For the purposes of this Section, “Information” means all information received from the Borrower and Servicer relating to the Borrower, the Servicer, the Parent or any subsidiary thereof or their businesses, or
any Obligor, other than any such information that is available to the Administrative Agent, any Managing Agent, any Administrator or any Lender on a nonconfidential basis prior to disclosure by Borrower or Servicer; provided that in the case
of information received from the Borrower or Servicer after the date hereof, such information is clearly identified at the time of delivery as confidential. Any Person required to maintain the confidentiality of Information as provided in this
Section 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 to its own confidential information.

 Section 12.06. Complete Agreement; Modification of Agreement. This Agreement and the other Related Documents constitute the
complete agreement among the parties hereto with respect to the subject matter hereof and thereof, supersede all prior agreements and understandings relating to the subject matter hereof and thereof, and may not be modified, altered or amended
except as set forth in Section 12.07. 
 Section 12.07. Amendments and Waivers. 
 (a) Except for actions expressly permitted to be taken by the Administrative Agent, no amendment, modification, termination or waiver of any provision of
this Agreement or any Note, or any 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 and by the Requisite Lenders or, to the 
  

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 extent required under clause (b) below, by all affected Lenders and the Swing Line Lender, as applicable,
and, to the extent required under clause (b) or clause (c) below, by the Administrative Agent and the applicable Managing Agents. Except as set forth in clause (b) below, all amendments, modifications,
terminations or waivers requiring the consent of any Lenders without specifying the required percentage of Lenders shall require the written consent of the Requisite Lenders. 
 (b)(i) No amendment, modification, termination or waiver shall, unless in writing and signed by each Lender directly affected thereby, do any of the
following: (1) increase the principal amount of any Lender’s Commitment; (2) reduce the principal of, rate of interest on or Fees payable with respect to any Advance made by any affected Lender; (3) extend any scheduled payment
date or final maturity date of the principal amount of any Advance of any affected Lender; (4) waive, forgive, defer, extend or postpone any payment of interest or Fees as to any affected Lender; (5) change the percentage of the Aggregate
Commitments or of the aggregate Outstanding Principal Amount which shall be required for Lenders or any of them to take any action hereunder; (6) release all or substantially all of the Borrower Collateral; or (7) amend or waive this
Section 12.07 or the definition of the term “Requisite Lenders” insofar as such definition affects the substance of this Section 12.07. No amendment, modification, termination or waiver shall, unless in writing and
signed by each Requisite Lender and, if the SMBC Lender Group and Bank of America Lender Group have not made any assignment of their rights hereunder and are not included in determining Lenders that constitute Requisite Lenders, by the Managing
Agent of the SMBC Lender Group and the Bank of America Lender Group, do any of the following: (x) modify or waive Section 5.03(a), (b), (e) through (l), (o) or (p), (y) modify or
waive Section 8.01(v), or (z) modify any of the following definitions or component definitions thereof in a manner which would increase availability to the Borrower for Advances hereunder: “Borrowing Base,” “Dynamic
Advance Rate,” “Interest Reserve,” “Servicing Fee Reserve,” or “Net Receivables Balance.” Furthermore, no amendment, modification, termination or waiver shall be effective to the extent that it (x) affects the
rights or duties of the Administrative Agent or any Managing Agent under this Agreement or any other Related Document unless in writing and signed by the Administrative Agent or such Managing Agent, as applicable, or (y) affects the rights or
duties of the Swing Line Lender under this Agreement or modifies or amends any other provision of this Agreement or any other Related Document relating the Swing Line Loan, Swing Line Advances or the Swing Line Lender unless in writing and signed by
the Swing Line Lender. 
 (i) Each amendment, modification, termination or waiver shall be effective only in the specific
instance and for the specific purpose for which it was given. No amendment, modification, termination or waiver shall be required for the Administrative Agent to take additional Borrower Collateral pursuant to any Related Document. No amendment,
modification, termination or waiver of any provision of any Note shall be effective without the written concurrence of the holder of such Note. No notice to or demand on the Borrower in any case shall entitle the Borrower to any other or further
notice or demand in similar or other circumstances. Any amendment, modification, termination, waiver or consent effected in accordance with this Section 12.07 shall be binding upon each holder of a Note at the time outstanding and each
future holder of a Note. 
  

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 (ii) Neither the Administrative Agent, any Managing Agent nor any Lender shall waive any
of the provisions set forth in Section 4.01(v) or Section 5.01(g) if such waiver would adversely affect the Ratings. 
 (c) If, in connection with any proposed amendment, modification, waiver or termination (a “Proposed Change”): 
 (i) requiring the consent of all affected Lenders, the consent of Requisite Lenders is obtained, but the consent of other Lenders whose consent is required is not obtained (any such Lender whose consent is not
obtained as described this clause (i) or in clause (ii) below being referred to as a “Non-Consenting Lender”), or 
 (ii) requiring the consent of all Lenders, the consent of Requisite Lenders is obtained, but the consent of all Lenders is not obtained, 
 then, so long as the Administrative Agent is not a Non-Consenting Lender, at the Borrower’s request the Administrative Agent, or a Person acceptable to the Administrative Agent, shall have the right with the
Administrative Agent’s consent and in the Administrative Agent’s sole discretion (but shall have no obligation) to purchase from such Non-Consenting Lenders, and such Non-Consenting Lenders agree that they shall, upon the Administrative
Agent’s request, sell and assign to the Administrative Agent or such Person, all of the Commitments of such Non-Consenting Lender for an amount equal to the principal balance of all Advances held by the Non-Consenting Lender and all accrued
interest and Fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement. 
 (d) Upon indefeasible payment in full in cash and performance of all of the Borrower Obligations (other than indemnification obligations under Section 10.01), termination of the aggregate Commitments of
all Lenders and a release of all claims against the Secured Parties, and so long as no suits, actions, proceedings or claims are pending or threatened against any Indemnified Person asserting any damages, losses or liabilities that are Indemnified
Liabilities, the Administrative Agent shall deliver to the Borrower termination statements and other documents necessary or appropriate to evidence the termination of the Liens securing payment of the Borrower Obligations. 
 Section 12.08. No Waiver; Remedies. The failure by any Lender, any Managing Agent or the Administrative Agent, at any time or times, to
require strict performance by the Borrower or the Servicer of any provision of this Agreement, any Receivables Assignment or any other Related Document shall not waive, affect or diminish any right of any Lender, any Managing Agent or the
Administrative Agent thereafter to demand strict compliance and performance herewith or therewith. Any suspension or waiver of any breach or default hereunder shall not suspend, waive or affect any other breach or default whether the same is prior
or subsequent thereto and whether the same or of a different type. None of the undertakings, agreements, warranties, covenants and representations of the Borrower or the Servicer contained in this Agreement, any Receivables Assignment or any other
Related Document, and no breach or default by the Borrower or the Servicer hereunder or thereunder, shall be deemed to have been suspended or waived by any Lender, any Managing Agent or the Administrative Agent unless such waiver or suspension is by
an instrument in writing signed by 
  

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 an officer of or other duly authorized signatory of each applicable Managing Agent and the Administrative Agent and
directed to the Borrower or the Servicer, as applicable, specifying such suspension or waiver. The rights and remedies of the Lenders, the Managing Agents and the Administrative Agent under this Agreement and the other Related Documents shall be
cumulative and nonexclusive of any other rights and remedies that the Lenders, the Managing Agents and the Administrative Agent may have hereunder, thereunder, under any other agreement, by operation of law or otherwise. Recourse to the Borrower
Collateral shall not be required. 
 Section 12.09. GOVERNING LAW; CONSENT TO JURISDICTION; WAIVER OF JURY TRIAL. 
 (a) THIS AGREEMENT AND EACH OTHER RELATED DOCUMENT (EXCEPT TO THE EXTENT THAT ANY RELATED DOCUMENT EXPRESSLY PROVIDES TO THE CONTRARY) AND THE
OBLIGATIONS ARISING HEREUNDER AND THEREUNDER SHALL IN ALL RESPECTS, INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY AND PERFORMANCE, BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK (INCLUDING SECTIONS
5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW BUT OTHERWISE WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES), EXCEPT TO THE EXTENT THAT THE PERFECTION, EFFECT OF PERFECTION OR PRIORITY OF THE INTERESTS OF THE ADMINISTRATIVE AGENT IN THE
BORROWER COLLATERAL OR REMEDIES HEREUNDER OR THEREUNDER, IN RESPECT THEREOF, ARE GOVERNED BY THE LAWS OF A JURISDICTION OTHER THAN THE STATE OF NEW YORK, AND ANY APPLICABLE LAWS OF THE UNITED STATES OF AMERICA. 
 (b) EACH PARTY HERETO HEREBY CONSENTS AND AGREES THAT THE STATE OR FEDERAL COURTS LOCATED IN THE BOROUGH OF MANHATTAN IN NEW YORK CITY SHALL
HAVE EXCLUSIVE JURISDICTION TO HEAR AND DETERMINE ANY CLAIMS OR DISPUTES BETWEEN THEM PERTAINING TO THIS AGREEMENT OR TO ANY MATTER ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER RELATED DOCUMENT; PROVIDED THAT EACH
PARTY HERETO ACKNOWLEDGES THAT ANY APPEALS FROM THOSE COURTS MAY HAVE TO BE HEARD BY A COURT LOCATED OUTSIDE OF THE BOROUGH OF MANHATTAN IN NEW YORK CITY; PROVIDED FURTHER THAT NOTHING IN THIS AGREEMENT SHALL BE DEEMED OR
OPERATE TO PRECLUDE ANY LENDER, ANY MANAGING AGENT OR THE ADMINISTRATIVE AGENT FROM BRINGING SUIT OR TAKING OTHER LEGAL ACTION IN ANY OTHER JURISDICTION TO REALIZE ON THE BORROWER COLLATERAL OR ANY OTHER SECURITY FOR THE BORROWER OBLIGATIONS, OR TO
ENFORCE A JUDGMENT OR OTHER COURT ORDER IN FAVOR OF THE LENDERS, THE MANAGING AGENTS OR THE ADMINISTRATIVE AGENT. EACH PARTY HERETO SUBMITS AND CONSENTS IN ADVANCE TO SUCH JURISDICTION IN ANY ACTION OR SUIT COMMENCED IN ANY SUCH COURT, AND EACH
PARTY HERETO HEREBY WAIVES ANY OBJECTION THAT SUCH PARTY MAY HAVE 

  

 65 

 
BASED UPON LACK OF PERSONAL JURISDICTION, IMPROPER VENUE OR FORUM NON CONVENIENS AND HEREBY CONSENTS TO THE GRANTING OF SUCH LEGAL OR EQUITABLE
RELIEF AS IS DEEMED APPROPRIATE BY SUCH COURT. EACH PARTY HERETO HEREBY WAIVES PERSONAL SERVICE OF THE SUMMONS, COMPLAINT AND OTHER PROCESS ISSUED IN ANY SUCH ACTION OR SUIT AND AGREES THAT SERVICE OF SUCH SUMMONS, COMPLAINT AND OTHER PROCESS MAY BE
MADE BY REGISTERED OR CERTIFIED MAIL ADDRESSED TO SUCH PARTY AT THE ADDRESS PROVIDED FOR IN SECTION 12.01 HEREOF AND THAT SERVICE SO MADE SHALL BE DEEMED COMPLETED UPON THE EARLIER OF SUCH PARTY’S ACTUAL RECEIPT THEREOF OR THREE DAYS
AFTER DEPOSIT IN THE UNITED STATES MAIL, PROPER POSTAGE PREPAID. NOTHING IN THIS SECTION SHALL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE LEGAL PROCESS IN ANY OTHER MANNER PERMITTED BY LAW. 
 (c) BECAUSE DISPUTES ARISING IN CONNECTION WITH COMPLEX FINANCIAL TRANSACTIONS ARE MOST QUICKLY AND ECONOMICALLY RESOLVED BY AN EXPERIENCED AND
EXPERT PERSON AND THE PARTIES WISH APPLICABLE STATE AND FEDERAL LAWS TO APPLY (RATHER THAN ARBITRATION RULES), THE PARTIES DESIRE THAT THEIR DISPUTES BE RESOLVED BY A JUDGE APPLYING SUCH APPLICABLE LAWS. THEREFORE, TO ACHIEVE THE BEST COMBINATION OF
THE BENEFITS OF THE JUDICIAL SYSTEM AND OF ARBITRATION, THE PARTIES HERETO WAIVE TO THE FULLEST EXTENT PERMITTED UNDER APPLICABLE LAW ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, SUIT, OR PROCEEDING BROUGHT TO RESOLVE ANY DISPUTE, WHETHER SOUNDING IN
CONTRACT, TORT OR OTHERWISE, ARISING OUT OF, CONNECTED WITH, RELATED TO, OR INCIDENTAL TO THE RELATIONSHIP ESTABLISHED AMONG THEM IN CONNECTION WITH THIS AGREEMENT OR ANY OTHER RELATED DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY.

 Section 12.10. Counterparts. This Agreement may be executed in any number of separate counterparts, each of which shall
collectively and separately constitute one agreement. 
 Section 12.11. Severability. Wherever possible, each provision of this
Agreement shall be interpreted in such a manner as to be effective and valid under applicable law, but if any provision of this Agreement shall be prohibited by or invalid under applicable law, such provision shall be ineffective only to the extent
of such prohibition or invalidity without invalidating the remainder of such provision or the remaining provisions of this Agreement. 
 Section 12.12. Section Titles. The section, titles and table of contents contained in this Agreement are and shall be without substantive meaning or content of any kind whatsoever and are not a part of the agreement between the
parties hereto. 
  

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 Section 12.13. Further Assurances. 
 (a) The Borrower shall, or shall cause the Servicer to, at its sole cost and expense, upon request of any of the Lenders or the Managing Agents, promptly
and duly execute and deliver any and all further instruments and documents and take such further action that may be necessary or desirable or that any of the Lenders, the Managing Agents or the Administrative Agent may request to (i) perfect,
protect, preserve, continue and maintain fully the Liens granted to the Administrative Agent for the benefit of the Secured Parties under this Agreement, (ii) enable the Lenders, the Managing Agents or the Administrative Agent to exercise and
enforce its rights under this Agreement or any of the other Related Documents or (iii) otherwise carry out more effectively the provisions and purposes of this Agreement or any other Related Document. Without limiting the generality of the
foregoing, the Borrower shall, upon request of any of the Lenders, the Managing Agents or the Administrative Agent, (A) execute and file such financing or continuation statements, or amendments thereto or assignments thereof, and such other
instruments or notices that may be necessary or desirable or that any of the Lenders, the Managing Agents or the Administrative Agent may request to perfect, protect and preserve the Liens granted pursuant to this Agreement, free and clear of all
Adverse Claims, (B) mark, or cause the Servicer to mark, each Contract evidencing each Transferred Receivable with a legend, acceptable to each Lender, the Managing Agents and the Administrative Agent evidencing that the Borrower has purchased
such Transferred Receivables and that the Administrative Agent, for the benefit of the Secured Parties, has a security interest in and lien thereon, (C) mark, or cause the Servicer to mark, its master data processing records evidencing such
Transferred Receivables with such a legend and (D) notify or cause the Servicer to notify Obligors of the Liens on the Transferred Receivables granted hereunder. 
 (b) Without limiting the generality of the foregoing, the Borrower hereby authorizes the Lenders and the Administrative Agent, and each of the Lenders hereby authorizes the Administrative Agent, to file one or more
financing or continuation statements, or amendments thereto or assignments thereof, relating to all or any part of the Transferred Receivables, including Collections with respect thereto, or the Borrower Collateral without the signature of the
Borrower or, as applicable, the Lenders, as applicable, to the extent permitted by applicable law. A carbon, photographic or other reproduction of this Agreement or of any notice or financing statement covering the Transferred Receivables, the
Borrower Collateral or any part thereof shall be sufficient as a notice or financing statement where permitted by law. 
 Section 12.14.
No Proceedings. Each of Administrative Agent, each Managing Agent, each Administrator and each Lender agrees that, from and after the Closing Date and until the date one year plus one day following the Termination Date, it will not, directly
or indirectly, institute or cause to be instituted against the Borrower any proceeding of the type referred to in Sections 8.01(d) and 8.01(e). This Section 12.14 shall survive the termination of this Agreement. 

Section 12.15. Limitation on Payments. Notwithstanding any provision in any other section of this Agreement to the contrary, the
obligation of the Borrower to pay any amounts payable to Lender or any other Affected Party pursuant to Sections 2.09, 2.10 and 10.01 of this Agreement shall be without recourse to the Borrower except as to any Collections and
other amounts and/or 
  

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 proceeds of the Transferred Receivables (collectively, the “Available Amounts”) required to be
distributed to the Lenders, to the extent that such amounts are available for distribution. In the event that amounts payable to a Lender or any other Affected Party pursuant to this Agreement exceed the Available Amounts, the excess of the amounts
due hereunder over the Available Amounts paid shall not constitute a “claim” under Section 101(5) of the Bankruptcy Code against the Borrower until such time as the Borrower has Available Amounts. The foregoing shall not operate to
limit the rights of the Administrative Agent or any other Affected Party to enforce any claims of Borrower or its assigns against the Originators under the Sale Agreement or any other Related Document. 
 Section 12.16. Limited Recourse. The obligations of the Secured Parties under this Agreement and all Related Documents are solely the
corporate obligations of each such Secured Party. No recourse shall be had for the payment of any amount owing in respect of Advances or for the payment of any fee hereunder or any other obligation or claim arising out of or based upon this
Agreement or any other Related Document against any Stockholder, employee, officer, director, agent or incorporator of such Secured Party. No Conduit Lender shall, nor shall be obligated to, pay any amount pursuant to the Related Documents unless
such Conduit Lender has received funds which may be used to make such payment pursuant to such Conduit Lender’s commercial paper program documents. Any amount which such Conduit Lender does not pay pursuant to the operation of the preceding
sentence shall not constitute a claim (as defined in Section 101 of the Bankruptcy Code) against or an obligation of such Conduit Lender for any insufficiency unless and until such Conduit Lender satisfies the provisions of such preceding
sentence. This Section 12.16 shall survive the termination of this Agreement. 
 Section 12.17. Agreement Not to
Petition. Each party hereto agrees, for the benefit of the holders of the privately or publicly placed indebtedness for borrowed money for any of the Discretionary Lenders, not, prior to the date which is one (1) year and one (1) day
after the payment in full of all such indebtedness, to acquiesce, petition or otherwise, directly or indirectly, invoke, or cause such Discretionary Lender to invoke, the process of any Governmental Authority for the purpose of (a) commencing
or sustaining a case against the such Discretionary Lender under any federal or state bankruptcy, insolvency or similar law (including the Bankruptcy Code), (b) appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or
other similar official for such Discretionary Lender, or any substantial part of its property, or (c) ordering the winding up or liquidation of the affairs of such Discretionary Lender. The provisions of this Section 12.17 shall
survive the termination of this Agreement. 
 ARTICLE XIII. 
 Section 13.01. Assignment to Committed Lenders. 
 (a) Assignment Amounts. At any time on
or prior to the Facility Termination Date for the applicable Conduit Lender, if the related Administrator on behalf of such Conduit Lender in such Lender Group so elects, by written notice to the Administrative Agent, the Borrower hereby irrevocably
requests and directs that such Conduit Lender assign, and such Conduit Lender does hereby assign effective on the Assignment Date referred to below all or such portions as may be elected by the Conduit Lender of its interest in the Advances at such
time to the Committed Lenders in its Lender Group pursuant to this Section 13.01 and the Borrower hereby 
  

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 agrees to pay the amounts described in Section 13.01(b); provided that unless such assignment is an
assignment of all of such Conduit Lender’s interest in the Advances in whole on or after such Conduit Lender’s Conduit Investment Termination Date, no such assignment shall take place pursuant to this Section 13.01 if a
Termination Event described in Section 8.01(x) shall then exist; and provided further that no such assignment shall take place pursuant to this Section 13.01 at a time when an Event of Bankruptcy with respect to such
Conduit Lender exists. No further documentation or action on the part of such Conduit Lender or the Borrower shall be required to exercise the rights set forth in the immediately preceding sentence, other than the giving of the notice by the related
Administrator on behalf of such Conduit Lender referred to in such sentence and the delivery by the related Administrator of a copy of such notice to each Committed Lender in its Lender Group (the date of the receipt by such Administrator of any
such notice being the “Assignment Date”). Each Committed Lender in the applicable Conduit Lender’s Lender Group hereby agrees, unconditionally and irrevocably and under all circumstances, without setoff, counterclaim or defense
of any kind, to pay the full amount of its Assignment Amount on such Assignment Date to the applicable Conduit Lender in immediately available funds to an account designated by the related Administrator. Upon payment of its Assignment Amount, each
related Committed Lender shall acquire an interest in the Advances equal to its pro rata share (based on the outstanding portions of the Advances funded by it) of the assigned portion of the Advances. Upon any assignment in whole by a
Conduit Lender to the Committed Lenders in its Lender Group on or after such Conduit Lender’s Conduit Investment Termination Date as contemplated hereunder, such Conduit Lender shall cease to make any additional Advances hereunder. At all times
prior to a Conduit Lender’s Conduit Investment Termination Date, nothing herein shall prevent a Conduit Lender from making a subsequent Advance hereunder, in its sole discretion, following any assignment pursuant to this
Section 13.01 or from making more than one assignment pursuant to this Section 13.01. 
 (b) Borrower’s
Obligation to Pay Certain Amounts; Additional Assignment Amount. The Borrower shall pay to the applicable Administrator, for the account of the applicable Conduit Lender, in connection with any assignment by such Conduit Lender to the Committed
Lenders in its Lender Group pursuant to this Section 13.01, an aggregate amount equal to all interest to accrue through the end of the current Interest Period to the extent attributable to the portion of the Advances so assigned to the
Committed Lenders (which interest shall be determined for such purpose using the CP Rate most recently determined by the applicable Administrator) (as determined immediately prior to giving effect to such assignment), plus all other Borrower
Obligations then owing to such Conduit Lender (other than the Advances and other than any interest not described above) related to the portion of the Advances so assigned to the Committed Lenders in its Lender Group. If the Borrower fails to make
payment of such amounts at or prior to the time of assignment by the Conduit Lender to its Committed Lenders, such amount shall be paid by the Committed Lenders on a pro rata basis (based on these Commitments) to the Conduit Lender as additional
consideration for the interests assigned to the Committed Lenders and the amount of the “Advances” hereunder held by the Committed Lenders shall be increased by an amount equal to the additional amount so paid by the Committed Lenders.

 (c) Administration of Agreement after Assignment from Conduit Lender to Committed Lenders following the Conduit Investment Termination
Date. After any assignment in whole by a Conduit Lender to the Committed Lenders in its Lender Group 
  

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 pursuant to this Section 13.01 at any time on or after such Conduit Lender’s Conduit Investment
Termination Date (and the payment of all amounts owing to the Conduit Lender in connection therewith), all rights of the applicable Administrator set forth herein shall be given to the related Managing Agent on behalf of the applicable Committed
Lenders instead of the Administrator. 
 (d) Recovery of Advances. In the event that the aggregate of the Assignment Amounts paid by
the Committed Lenders pursuant to this Section 13.01 on any Assignment Date occurring on or after such Conduit Lender’s Conduit Investment Termination Date is less than the Advances of the Conduit Lender on such Assignment Date,
then to the extent Collections thereafter received by the Administrative Agent hereunder in respect of the Advances exceed the aggregate of the unrecovered Assignment Amounts and Advances funded by such Committed Lenders, such excess shall be
remitted by the Administrative Agent to the Conduit Lender (or to the applicable Administrator on its behalf) for the account of the Conduit Lender. 
 Section 13.02. Downgrade of Committed Lender. (a) Downgrades Generally. If at any time on or prior to the Facility Termination Date for a Conduit Lender, the short term debt rating of any
Committed Lender in such Conduit Lender’s Lender Group shall be “A-2” or “P-2” from S&P or Moody’s, respectively, with negative credit implications, such Committed Lender, upon request of the applicable Managing
Agent, shall, within thirty (30) days of such request, assign its rights and obligations hereunder to another financial institution (which institution’s short term debt shall be rated at least “A-2” or “P-2” from
S&P or Moody’s, respectively, and which shall not be so rated with negative credit implications and which is acceptable to the related Conduit Lender and its Administrator). If the short term debt rating of a Committed Lender shall be
“A-3” or “P-3”, or lower, from S&P or Moody’s, respectively (or such rating shall have been withdrawn by S&P or Moody’s), such Committed Lender, upon request of the applicable Managing Agent, shall, within five
(5) Business Days of such request, assign its rights and obligations hereunder to another financial institution (which institution’s short term debt shall be rated at least “A-2” or “P-2”, from S&P or Moody’s,
respectively, and which shall not be so rated with negative credit implications and which is acceptable to the applicable Conduit Lender and its Administrator). In either such case, if any such Committed Lender shall not have assigned its rights and
obligations under this Agreement within the applicable time period described above (in either such case, the “Required Downgrade Assignment Period”), the related Managing Agent on behalf of the applicable Conduit Lender shall have
the right to require such Committed Lender to pay upon one (1) Business Day’s notice at any time after the Required Downgrade Assignment Period (and each such Committed Lender hereby agrees in such event to pay within such time) to the
related Managing Agent an amount equal to such Committed Lender’s unused Commitment (a “Downgrade Draw”) for deposit by the related Managing Agent into an account, in the name of the related Managing Agent (a “Downgrade
Collateral Account”), which shall be in satisfaction of such Committed Lender’s obligations to make Advances and to pay its Assignment Amount upon an assignment from a Conduit Lender in accordance with Section 13.01;
provided that if, during the Required Downgrade Assignment Period, such Committed Lender delivers a written notice to the related Managing Agent of its intent to deliver a direct pay irrevocable letter of credit pursuant to this proviso in
lieu of the payment required to fund the Downgrade Draw, then such Committed Lender will not be required to fund such Downgrade Draw. If any Committed Lender gives the related Managing Agent such notice, then such Committed Lender shall, within one
(1) Business Day after the Required Downgrade 
  

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Assignment Period, deliver to the related Managing Agent a direct pay irrevocable letter of credit in favor of the related Managing Agent in an amount equal
to the unused portion of such Committed Lender’s Commitment, which letter of credit shall be issued through a United States office of a bank or other financial institution (i) whose short-term debt ratings by S&P and Moody’s are
at least equal to the ratings assigned by such statistical rating organization to the Commercial Paper of its related Conduit Lender and (ii) that is acceptable to the applicable Conduit Lender and its Administrator. Such letter of credit shall
provide that the related Managing Agent may draw thereon for payment of any Advance or Assignment Amount payable by such Committed Lender which is not paid hereunder when required, shall expire no earlier than the related Facility Termination Date
and shall otherwise be in form and substance acceptable to the related Managing Agent. 
 (b) Application of Funds in Downgrade Collateral
Account. If any Committed Lender shall be required pursuant to Section 13.02(a) to fund a Downgrade Draw, then the related Managing Agent shall apply the monies in the Downgrade Collateral Account applicable to such Committed
Lender’s share of Advances required to be made by the Committed Lenders and to any Assignment Amount payable by such Committed Lender pursuant to Section 13.01 at the times, in the manner and subject to the conditions precedent set
forth in this Agreement. The deposit of monies in such Downgrade Collateral Account by any Committed Lender shall not constitute an Advance or the payment of any Assignment Amount (and such Committed Lender shall not be entitled to interest on such
monies except as provided below in this Section 13.02(b), unless and until (and then only to the extent that) such monies are used to fund Advances or to pay any Assignment Amount. The amount on deposit in such Downgrade Collateral
Account shall be invested by the related Managing Agent in Permitted Investments (or other eligible investments permitted under the applicable Conduit Lender’s commercial paper program) and such Permitted Investments shall be selected by the
related Managing Agent in its sole discretion. The related Managing Agent shall remit to such Committed Lender, on the last Business Day of each month, the income actually received thereon. Unless required to be released as provided below in this
subsection, Collections received by the related Managing Agent in respect of such Committed Lender’s portion of the Advances shall be deposited in the Downgrade Collateral Account for such Committed Lender. Amounts on deposit in such Downgrade
Collateral Account shall be released to such Committed Lender (or the stated amount of the letter of credit delivered by such Committed Lender pursuant to subsection (a) above may be reduced) within one (1) Business Day after each
Settlement Date following the Termination Date to the extent that, after giving effect to the distributions made and received by the Lenders on such Settlement Date, the amount on deposit in such Downgrade Collateral Account would exceed such
Committed Lender’s pro rata share (determined as of the day prior to the Termination Date) of the sum of all portions of Advances then funded by the applicable Conduit Lender, plus the Interest Component. All amounts remaining in such
Downgrade Collateral Account shall be released to such Committed Lender no later than the Business Day immediately following the earliest of (i) the effective date of any replacement of such Committed Lender or removal of such Committed
Lender as a party to this Agreement, (ii) the date on which such Committed Lender shall furnish the related Managing Agent with confirmation that such Committed Lender shall have short-term debt ratings of at least “A-2” or
“P-2” from S&P and Moody’s, respectively, without negative credit implications, and (iii) the Facility Termination Date (or if earlier, the Facility Termination Date in effect prior to any renewal pursuant to
Section 13.03 to which such Committed Lender does not consent). 

  

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Nothing in this Section 13.02 shall affect or diminish in any way any such downgraded Committed Lender’s Commitment to the Borrower or the
applicable Conduit Lender or such downgraded Committed Lender’s other obligations and liabilities hereunder and under the other Related Documents. 
 (c) Program Support Agreement Downgrade Provisions. Notwithstanding the other provisions of this Section 13.02, a Committed Lender shall not be required to make a Downgrade Draw (or provide for the
issuance of a letter of credit in lieu thereof) pursuant to Section 13.02(a) at a time when such Committed Lender has a downgrade collateral account (or letter of credit in lieu thereof) established pursuant to any Program Support
Agreement relating to the transactions contemplated by this Agreement to which it is a party containing an amount at least equal to its unused Commitment, and the related Managing Agent may apply monies in such downgrade collateral account in the
manner described in Section 13.02(b) as if such downgrade collateral account were a Downgrade Collateral Account. 
 Section 13.03. Extension of Final Advance Date; Non-Renewing Committed Lenders. Not more than ninety (90) days or less than seventy-five (75) days prior to the then current Final Advance Date, the SPV may request an
extension thereof for an additional period not to exceed 364 days. Each Committed Lender will deliver to the SPV at least sixty (60) days prior to the then current Final Advance Date a non-binding indication of whether it intends to consent to
such extension. Any failure of a Committed Lender to respond by the sixtieth day preceding such Final Advance Date shall constitute a refusal to consent to such an extension. If at any time the Borrower requests that the Committed Lenders renew
their Commitments hereunder and some but less than all the Committed Lenders consent to such renewal, the Borrower may arrange for an assignment, and such non-consenting Committed Lenders shall agree to assign, to one or more financial institutions
acceptable to the related Conduit Lender and the Borrower of all the rights and obligations hereunder of each such non-consenting Committed Lender in accordance with this Agreement. Any such assignment shall become effective on the then-current
Final Advance Date. Each Committed Lender which does not so consent to any renewal shall cooperate fully with the Borrower in effectuating any such assignment. If none or less than all the Commitments of the non-renewing Committed Lenders are so
assigned as provided above, then the Final Advance Date shall not be extended. 
 Section 13.04. Replacement of Lender. Following
a demand by the Administrative Agent or a Managing Agent (whether on behalf of a Lender (an “Affected Lender”), its related Program Support Provider or any other Affected Party in such Affected Lender’s Lender Group) for
payment of any amounts under Section 2.09, the Borrower may elect to replace such Affected Lender as a Lender party to this Agreement with an assignee Lender procured by the Borrower, provided that no Incipient Termination Event
or Termination Event shall have occurred and be continuing at the time of such replacement; and provided further that, concurrently with such replacement, such assignee Lender shall agree to purchase for cash the Advances and all other rights
of, and obligations due to, the Affected Lender hereunder pursuant to an Assignment Agreement and to become a Lender for all purposes under this Agreement and to assume all obligations of the Affected Lender to be terminated as of such date. Any
such Affected Lender shall assign its rights and interests hereunder, such assignment to be effected in compliance with the requirements of Section 12.02. In the event that such an assignment occurs, the assignee Lender (i) if
requested by the applicable Administrator, shall execute (either 

  

 72 

 
directly or through a participation agreement, as determined by the Administrator) a Program Support Agreement related to the applicable Conduit Lender, to
the extent of such assignment, the terms of which shall be substantially similar to those of the participation or other agreement by the assigning Affected Lender with respect to the applicable Program Support Agreement (or which shall be otherwise
reasonably satisfactory to the applicable Administrator), it being understood that the assignee Lender shall not be required to execute a Program Support Agreement if its Lender Group does not include a Conduit Lender, and (ii) shall take such
actions as the Administrative Agent and the Managing Agents shall reasonably request in connection therewith. For so long as the sum of the Commitments of any Affected Lenders under this Section 13.04 is equal to or less than 50% of the
Aggregate Commitments, each such Affected Lender shall use commercially reasonable efforts to assign its rights and interests hereunder to any Person identified by the Borrower as a potential assignee Lender hereunder. 
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 
  

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 IN WITNESS WHEREOF, the parties have caused this Third Amended and Restated Receivables Funding
and Administration Agreement to be executed by their respective officers thereunto duly authorized, as of the date first above written. 
  

			
	SIT FUNDING CORPORATION,
	as the Borrower
		
	By:	 	 /s/    Simon Y. Leung

	Name:	 	Simon Y. Leung
	Title:	 	General Counsel and Corporate Secretary

  

			
	S-1	  	 Third Amended and Restated
 Receivables Funding and Administration Agreement

					
	Commitment: $204,000,000	 	BANK OF AMERICA LENDER GROUP:
		
		 	BANK OF AMERICA, N.A.,
		 	as a Lender, as Swing Line Lender, as Administrator for YC SUSI Trust, as Managing Agent for the Bank of America Lender Group and as the Bank of America Committed
Lender
			
		 	By:	 	 /s/    Erie R.L. Archer

		 	Name:	 	Erie R.L. Archer
		 	Title:	 	Principal
		
		 	 YC SUSI TRUST,
 as a Lender and the
Bank of America Discretionary Lender

			
		 	By:	 	Bank of America, National Association
		 		 	as Administrative Trustee
			
		 	By:	 	 /s/    Erie R.L. Archer

		 	Name:	 	Erie R.L. Archer
		 	Title:	 	Principal
		
		 	ADMINISTRATIVE AGENT:
		
		 	 BANK OF AMERICA, N.A.,
 as
Administrative Agent

			
		 	By:	 	 /s/    Erie R.L. Archer

		 	Name:	 	Erie R.L. Archer
		 	Title:	 	Principal

  

			
	S-2	  	 Third Amended and Restated
 Receivables Funding and Administration Agreement

					
	Commitment: $153,000,000	 	SMBC LENDER GROUP:
		
		 	SMBC SECURITIES, INC.,
		 	as Administrator for Manhattan Asset Funding Company LLC and as Managing Agent for the SMBC Lender Group
			
		 	By:	 	 /s/    Tetsuya Tonoike

		 	Name:	 	Tetsuya Tonoike
		 	Title:	 	President
		
		 	 SUMITOMO MITSUI BANKING CORPORATION,
 as a Lender and the SMBC Committed Lender

			
		 	By:	 	 /s/    Katsutoshi Nishimura

		 	Name:	 	Katsutoshi Nishimura
		 	Title:	 	Senior Vice President
		
		 	 MANHATTAN ASSET FUNDING COMPANY LLC,
 as a Lender and the SMBC Discretionary Lender

			
		 	By:	 	MAF RECEIVABLES CORP.,
		 		 	its sole member
			
		 	By:	 	 /s/    Philip A. Martone

		 	Name:	 	Philip A. Martone
		 	Title:	 	Vice President

  

			
	S-3	  	 Third Amended and Restated
 Receivables Funding and Administration Agreement

 Exhibit 2.01(a) to Funding Agreement 
 FORM OF REVOLVING NOTE 
  

			
	$            	  	[            ], 20[    ]

 FOR VALUE RECEIVED, the undersigned, SIT FUNDING CORPORATION, a Delaware corporation (the
“Borrower”), HEREBY PROMISES TO PAY to the order of [                    ] (the “Lender”), at the offices of BANK OF
AMERICA, N.A., a national banking association, as agent for the Lender (the “Administrative Agent”), at its address at
[                    ], or at such other place as the Administrative Agent may designate from time to time in writing, in lawful money of the
United States of America and in immediately available funds, the amount of              DOLLARS AND          CENTS
($            ) or, if less, the aggregate unpaid amount of all Revolving Credit Advances made to the undersigned under the “Funding Agreement” (as hereinafter
defined). All capitalized terms used but not otherwise defined herein have the meanings given to them in the Funding Agreement or in Annex X thereto. 
 This Revolving Note is one of the Revolving Notes issued pursuant to that certain Third Amended and Restated Receivables Funding and Administration Agreement dated as of January 23, 2009 by and among the
Borrower, the Lender (and any other “Lender” party thereto), the other parties thereto, and the Administrative Agent (including all annexes, exhibits and schedules thereto, and as from time to time amended, restated, supplemented or
otherwise modified, the “Funding Agreement”), and is entitled to the benefit and security of the Funding Agreement and all of the other Related Documents referred to therein. Reference is hereby made to the Funding Agreement for a
statement of all of the terms and conditions under which the Revolving Credit Advances evidenced hereby are made and are to be repaid. The date and amount of each Revolving Credit Advance made by the Lender to the Borrower, the rates of interest
applicable thereto and each payment made on account of the principal thereof, shall be recorded by the Administrative Agent on its books; provided that the failure of the Administrative Agent to make any such recordation shall not affect the
obligations of the Borrower to make a payment when due of any amount owing under the Funding Agreement or this Revolving Note in respect of the Revolving Credit Advances actually made by the Lender to the Borrower. 
 The principal amount of the indebtedness evidenced hereby shall be payable in the amounts and on the dates specified in the Funding Agreement, the terms
of which are hereby incorporated herein by reference. Interest thereon shall be paid until such principal amount is paid in full at such interest rates and at such times, and pursuant to such calculations, as are specified in the Funding Agreement.

 If any payment on this Revolving Note becomes due and payable on a day other than a Business Day, the maturity thereof shall be extended
to the next succeeding Business Day and, with respect to payments of principal, interest thereon shall be payable at the then applicable rate during such extension. 

 Upon and after the occurrence of any Termination Event, this Revolving Note may, as provided in the
Funding Agreement, and without demand, notice or legal process of any kind, be declared, and immediately shall become, due and payable. 
 Time is of the essence of this Revolving Note. Demand, presentment, protest and notice of nonpayment and protest are hereby waived by the Borrower. 
 Except as provided in the Funding Agreement, this Revolving Note may not be assigned by the Lender to any Person. 
 THIS REVOLVING NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND PERFORMED IN THAT STATE. 
  

			
	SIT FUNDING CORPORATION
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

  

 Exhibit 2.01(b)(ii)-2 

 Exhibit 2.01(b)(ii) to Funding Agreement 
 FORM OF SWING LINE NOTE 
  

			
	$            	  	[            ], 20[    ]

 FOR VALUE RECEIVED, the undersigned, SIT FUNDING CORPORATION, a Delaware corporation (the
“Borrower”), HEREBY PROMISES TO PAY to the order of BANK OF AMERICA, N.A. (“Bank of America”), a national banking association (the “Swing Line Lender”), at the offices of Bank of America, as agent (in such capacity, the
“Administrative Agent”), at the Administrative Agent’s address at [                    ], or at such other place as the
Administrative Agent may designate from time to time in writing, in lawful money of the United States of America and in immediately available funds, the amount of             
DOLLARS AND NO CENTS ($            ) or, if less, the aggregate unpaid amount of all Swing Line Advances made to the undersigned under the “Funding Agreement” (as
hereinafter defined). All capitalized terms used but not otherwise defined herein have the meanings given to them in the Funding Agreement or in Annex X thereto. 
 This Swing Line Note is issued pursuant to that certain Third Amended and Restated Receivables Funding and Administration Agreement dated as of January 23, 2009 by and among the Borrower, the Swing Line Lender,
the other “Lenders” party thereto, the other parties thereto, and the Administrative Agent (including all annexes, exhibits and schedules thereto and as from time to time amended, restated, supplemented or otherwise modified, the
“Funding Agreement”), and is entitled to the benefit and security of the Funding Agreement and all of the other Related Documents referred to therein. Reference is hereby made to the Funding Agreement for a statement of all of the terms
and conditions under which the Swing Line Advances evidenced hereby are made and are to be repaid. The date and amount of each Swing Line Advance made by the Swing Line Lender to the Borrower, the rate of interest applicable thereto and each payment
made on account of the principal thereof, shall be recorded by the Administrative Agent on its books; provided that the failure of the Administrative Agent to make any such recordation shall not affect the obligations of the Borrower to make
a payment when due of any amount owing under the Funding Agreement or this Swing Line Note in respect of the Swing Line Advances made by the Swing Line Lender to the Borrower. 
 The principal amount of the indebtedness evidenced hereby shall be payable in the amounts and on the dates specified in the Funding Agreement, the terms
of which are hereby incorporated herein by reference. Interest thereon shall be paid until such principal amount is paid in full at such interest rates and at such times, and pursuant to such calculations, as are specified in the Funding Agreement.

 If any payment on this Swing Line Note becomes due and payable on a day other than a Business Day, the maturity thereof shall be extended
to the next succeeding Business Day and, with respect to payments of principal, interest thereon shall be payable at the then applicable rate during such extension. 

 Upon and after the occurrence of any Termination. Event, this Swing Line Note may, as provided in the
Funding Agreement, and without demand, notice or legal process of any kind, be declared, and immediately shall become, due and payable. 
 Time is of the essence of this Swing Line Note. Demand, presentment, protest and notice of nonpayment and protest are hereby waived by Borrower. 
 THIS SWING LINE NOTE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND PERFORMED IN THAT STATE. 
  

			
	SIT FUNDING CORPORATION
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

  

 Exhibit 2.01(b)(ii)-2 

 Exhibit 2.02(a) to Funding Agreement 
 FORM OF FACILITY LIMIT REDUCTION NOTICE 
 [Insert Date] 
  

			
	Bank of America, N.A.,
	 as Administrative Agent
 214 North Tryon
Street, 19th Floor
 NC1-027-19-01

	Charlotte, NC 28255
	Attention:	  	ABCP Funding Group
	Telephone:	  	(704) 386-7922
	Telecopy:	  	(704) 388-9169
		
		  	 Re:   Third Amended and Restated Receivables Funding
 and Administration Agreement dated as of January 23, 2009

 Ladies and Gentlemen: 
 This notice is given pursuant to Section 2.02(a) of that certain Receivables Funding and Administration Agreement dated as of January 23, 2009 (the “Funding Agreement”), by and among
SIT FUNDING CORPORATION (the “Borrower”), the financial institutions party thereto as lenders (the “Lenders”), the other parties thereto and Bank of America, N.A., as Lender, Swing Line Lender and as administrative
agent for the Lenders (in such capacity, the “Administrative Agent”). Capitalized terms used and not otherwise defined herein shall have the respective meanings ascribed to them in the Funding Agreement. 
 Pursuant to Section 2.02(a) of the Funding Agreement, the Borrower hereby irrevocably
notifies the Managing Agents and the Administrative Agent of its election to permanently reduce the Facility Limit to [$            ], effective as of
[                 ], [            ].1 [This reduction is the [first/second] reduction [for the current calendar year] permitted by Section 2.02(a) of the Funding Agreement.] After such reduction, the Maximum
Advances Outstanding shall equal [$            ] and will not be less than the Outstanding Principal Amount. 
  

			
	Very truly yours,
	
	SIT FUNDING CORPORATION
		
	By	 	  

	Name	 	  

	Title	 	  

  
  

	 1
	 This day shall be a Business Day at least ten Business Days after the date this notice is given.

 Exhibit 2.02(b) to Funding Agreement 
 FORM OF FACILITY TERMINATION NOTICE 
 [Insert Date] 
 Bank of America, N.A., 
 as Administrative Agent 
 214 North Tryon Street, 19th Floor 
 NC1-027-19-01 
 Charlotte, NC 28255 

			
	Attention:	  	ABCP Funding Group
	Telephone:	  	(704) 386-7922
	Telecopy:	  	(704) 388-9169
		
		  	 Re:   Third Amended and Restated Receivables Funding and
 Administration Agreement dated as of January 23, 2009 

 Ladies and Gentlemen: 
 This notice is given pursuant to Section 2.02(b) of that certain Receivables Funding and Administration Agreement dated as of January 23, 2009 (the “Funding Agreement”), by and among
SIT FUNDING CORPORATION (the “Borrower”), the financial institutions party thereto as lenders (the “Lenders”), the other parties thereto and Bank of America, N.A., as a Lender, Swing Line Lender and as
administrative agent for the Lenders (in such capacity, the “Administrative Agent”). Capitalized terms used and not otherwise defined herein shall have the respective meanings ascribed to them in the Funding Agreement. 

Pursuant to Section 2.02(b) of the Funding Agreement, the Borrower hereby
irrevocably notifies the Managing Agents and the Administrative Agent of its election to reduce the Facility Limit to zero effective as of [                
    ], [            ]2. In connection therewith, the
Borrower shall reduce Outstanding Principal Amount to zero on or prior to such date and make all other payments required by Section 2.03(h) and pay any other fees that are due and payable pursuant to the Fee Letter at the time and in the
manner specified therein. 
  

			
	 Very truly yours,
  
 SIT FUNDING CORPORATION

		
	By	 	  

	Name	 	  

	Title	 	  

  
  

	 2
	 Which day shall be a Business Day at least 30 days after the date this notice is given. 

 Exhibit 2.03(a) to Funding Agreement 
 FORM OF BORROWING REQUEST 
 [Insert Date] 
 Bank of America, N.A., 
 as Administrative Agent 
 214 North Tryon Street, 19th Floor 
 NC1-027-19-01 
 Charlotte, NC 28255 

			
	Attention:	  	ABCP Funding Group
	Telephone:	  	(704) 386-7922
	Telecopy:	  	(704) 388-9169
		
		  	 Re:   Third Amended and Restated Receivables Funding and
 Administration Agreement dated as of January 23, 2009 

 Ladies and Gentlemen: 
 This notice is given pursuant to Section 2.03(a) of that certain Receivables Funding and Administration Agreement dated as of January 23, 2009 (the “Funding Agreement”), by and among
SIT FUNDING CORPORATION (the “Borrower”), the financial institutions party thereto as lenders (the “Lenders”), the other parties thereto and Bank of America, N.A., as a lender, the Swing Line Lender and as
administrative agent for the Lenders (in such capacity, the “Administrative Agent”). Capitalized terms used and not otherwise defined herein shall have the respective meanings ascribed to them in the Funding Agreement. 

Pursuant to Section 2.01 of the Funding Agreement, the Borrower hereby requests that a Borrowing be made to the Borrower on
[                     ], [            ], in the amount of
[$            ] which shall be [a Swing Line Advance][a Revolving Loan Advance], to be disbursed to the Borrower in accordance with Section 2.04(a) of the Funding
Agreement. The Borrower hereby represents and warrants that the conditions set forth in Section 3.02 of the Funding Agreement have been satisfied. Attached hereto is a certificate setting forth a pro forma calculation of the Borrowing
Base after giving effect to the acquisition by the Borrower of new Transferred Receivables and the receipt of Collections since the date of the most recent Borrowing Base Certificate, and the making of such Borrowing. 
  

			
	 Very truly yours,
  
 SIT FUNDING CORPORATION

		
	By	 	  

	Name	 	  

	Title	 	  

 Exhibit to Borrowing Request 
 Pro Forma Calculation of Borrowing Base 
  

 Exhibit 2.03(a)-2 

 Exhibit 2.03(h) to Funding Agreement 
 FORM OF REPAYMENT NOTICE 
 [Insert Date] 
 Bank of America, N.A., 
 as Administrative Agent 
 214 North Tryon Street, 19th Floor 
 NC1-027-19-01 
 Charlotte, NC 28255 

			
	Attention:	  	ABCP Funding Group
	Telephone:	  	(704) 386-7922
	Telecopy:	  	(704) 388-9169
		
		  	 Re:   Third Amended and Restated Receivables Funding and
 Administration Agreement dated as of January 23, 2009 

 Ladies and Gentlemen: 
 This notice is given pursuant to Section 2.03(h) of that certain Receivables Funding and Administration Agreement dated as of January 23, 2009 (the “Funding Agreement”), by and among
SIT FUNDING CORPORATION (the “Borrower”), the financial institutions party thereto as lenders (the “Lenders”), the other parties thereto, and Bank of America, N.A., as a lender (in such capacity, the
“Lender”) and as administrative agent for the Lenders (in such capacity, the “Administrative Agent”). Capitalized terms used and not otherwise defined herein shall have the respective meanings ascribed to them in
the Funding Agreement. 
 Pursuant to Section 2.03(h) of the Funding Agreement, the Borrower hereby notifies the Managing Agents
and the Administrative Agent of its request to repay the principal amount of outstanding Advances in an amount equal to [$            ] on
[                 ], [            ] (which is a Business Day), from [Collections/other
sources]. In connection therewith, the Borrower will pay to the Administrative Agent all interest accrued on the outstanding principal balance of Advances being repaid through but excluding the date of such repayment. 
  

			
	 Very truly yours,
  
 SIT FUNDING CORPORATION

		
	By	 	  

	Name	 	  

	Title	 	  

 Exhibit 5.02(b) to Funding Agreement 
 Form of 
 BORROWING BASE CERTIFICATE  

 Exhibit 9.03 to Funding Agreement 
 Form of 
 POWER OF ATTORNEY 
 This Power of Attorney is executed and delivered by SIT FUNDING CORPORATION, as Borrower, (“Grantor”) under the Funding Agreement (as
defined below), to Bank of America, N.A., as Administrative Agent under the Funding Agreement (hereinafter referred to as “Attorney”), pursuant to that certain Third Amended and Restated Receivables Funding and Administration
Agreement dated as of January 23, 2009 (the “Funding Agreement”), by and among Grantor, the other parties thereto and Attorney and the other Related Documents. Capitalized terms used herein and not otherwise defined shall have
the meanings ascribed to them in the Funding Agreement. No person to whom this Power of Attorney is presented, as authority for Attorney to take any action or actions contemplated hereby, shall be required to inquire into or seek confirmation from
Grantor as to the authority of Attorney to take any action described below, or as to the existence of or fulfillment of any condition to this Power of Attorney, which is intended to grant to Attorney unconditionally the authority to take and perform
the actions contemplated herein, and Grantor irrevocably waives any right to commence any suit or action, in law or equity, against any person or entity that acts in reliance upon or acknowledges the authority granted under this Power of Attorney.
The power of attorney granted hereby is coupled with an interest and may not be revoked or cancelled by Grantor until all Borrower Obligations under the Related Documents have been indefeasibly paid in full and Attorney has provided its written
consent thereto. 
 Grantor hereby irrevocably constitutes and appoints Attorney (and all officers, employees or agents designated by
Attorney), with full power of substitution, as its true and lawful attorney in fact with full irrevocable power and authority in its place and stead and in its name or in Attorney’s own name, from time to time in Attorney’s discretion, to
take any and all appropriate action and to execute and deliver any and all documents and instruments that may be necessary or desirable to accomplish the purposes of the Funding Agreement, and, without limiting the generality of the foregoing,
hereby grants to Attorney the power and right, on its behalf, without notice to or assent by it, to do the following: (a) open mail for it, and ask, demand, collect, give acquaintances and receipts for, take possession of, or endorse and
receive payment of, any checks, drafts, notes, acceptances, or other instruments for the payment of moneys due in respect of Transferred Receivables, and sign and endorse any invoices, freight or express bills, bills of lading, storage or warehouse
receipts, drafts against debtors, assignments, verifications, and notices in connection with any Borrower Collateral; (b) pay or discharge any taxes, Liens, or other encumbrances levied or placed on or threatened against any Borrower
Collateral; (c) defend any suit, action or proceeding brought against it or any Borrower Collateral if the Grantor does not defend such suit, action, or proceeding or if Attorney believes that it is not pursuing such defense in a manner that
will maximize the recovery to the Attorney, and settle, compromise or adjust any suit, action, or proceeding described above and, in connection therewith, give such discharges or releases as Attorney may deem appropriate; (d) file or prosecute
any claim, Litigation, suit or proceeding in any court of competent jurisdiction or before any arbitrator, or take any other action otherwise deemed appropriate by Attorney for the purpose of 

 
collecting any and all such moneys due with respect to any Borrower Collateral or otherwise with respect to the Related Documents whenever payable and to
enforce any other right in respect of its property; (e) sell, transfer, pledge, make any agreement with respect to, or otherwise deal with, any Borrower Collateral, and execute, in connection with such sale or action, any endorsements,
assignments or other instruments of conveyance or transfer in connection therewith; and (f) cause the certified public accountants then engaged by it to prepare and deliver to Attorney at any time and from time to time, promptly upon
Attorney’s request, any and all financial statements or other reports required to be delivered by or on behalf of Grantor under the Related Documents, all as though Attorney were the absolute owner of its property for all purposes, and to do,
at Attorney’s option and its expense, at any time or from time to time, all acts and other things that Attorney reasonably deems necessary to perfect, preserve, or realize upon the Borrower Collateral and the Lenders’ Liens thereon, all as
fully and effectively as it might do. Grantor hereby ratifies, to the extent permitted by law, all that said attorneys shall lawfully do or cause to be done by virtue hereof. 
 IN WITNESS WHEREOF, this Power of Attorney is executed by Grantor, and Grantor has caused its seal to be affixed pursuant to the authority of its
board of directors this      day of [            ], 20[    ]. 
  

							
	Grantor	 		  		  	
	ATTEST:	 	  
	  		  	
				
	By:	 	  
	  		  	(SEAL)
	Title:	 		  		  	
	[Notarization in appropriate form for the state of execution is required.]

  

 Exhibit 9.03-2 

 Exhibit 12.02(b) to Funding Agreement 
 FORM OF ASSIGNMENT AGREEMENT 
 This Assignment Agreement (this “Agreement”)
is made as of                                 ,
             by and between
                                 (“Assignor Lender”) and
                             (“Assignee Lender”) and acknowledged and consented to by BANK
OF AMERICA, N.A., as administrative agent (“Administrative Agent”). All capitalized terms used in this Agreement and not otherwise defined herein will have the respective meanings set forth in the Funding Agreement as hereinafter defined.

 RECITALS: 
 WHEREAS, SIT
Funding Corporation, a Delaware corporation (the “Borrower”), the financial institutions signatory thereto from time to time as lenders (the “Lenders”), the other parties thereto, and the Administrative Agent have entered into
that certain Third Amended and Restated Receivables Funding and Administration Agreement dated as of January 23, 2009 (as amended, restated, supplemented or otherwise modified from time to time, the “Funding Agreement”) pursuant to
which the Lenders (including the Assignor Lender) have agreed to make certain Advances to Borrower; 
 WHEREAS, Assignor Lender desires to
assign to Assignee Lender [all/a portion] of its interest in the Advances (as described below) and the Borrower Collateral and to delegate to Assignee Lender [all/a portion] of its Commitment and other duties with respect to such Advances and
Borrower Collateral; 
 WHEREAS, Assignee Lender desires to become a Lender under the Funding Agreement and to accept such assignment and
delegation from Assignor Lender; and 
 WHEREAS, Assignee Lender desires to appoint the Administrative Agent to serve as agent for Assignee
Lender under the Funding Agreement; 
 NOW, THEREFORE, in consideration of the premises and the agreements, provisions, and covenants herein
contained, Assignor Lender and Assignee Lender agree as follows: 
 1. ASSIGNMENT, DELEGATION, AND ACCEPTANCE 
 1.1 Assignment. Assignor Lender hereby transfers and assigns to Assignee Lender, without recourse and without representations or warranties of any
kind (except as set forth in Section 3.2 below), [all/such percentage] of Assignor Lender’s right, title, and interest in the Advances, Related Documents and Borrower Collateral as will result in Assignee Lender having as of the
Effective Date (as hereinafter defined) a Pro Rata Share thereof, as follows: 
  

							
	 Assignee Lender’s Loans
	  	Principal Amount	  	Pro Rata Share	 
	 Advances
	  	$	            	  	        	%

 1.2 Delegation. Assignor Lender hereby irrevocably assigns and delegates to Assignee Lender [all/a
portion] of its Commitments and its other duties and obligations as a Lender under the Related Documents equivalent to [100%/        %] of Assignor Lender’s Commitment (such percentage representing
a commitment of $            ). 
 1.3 Acceptance by Assignee
Lender. By its execution of this Agreement, Assignee Lender irrevocably purchases, assumes and accepts such assignment and delegation and agrees to be a Lender with respect to the delegated interest under the Related Documents and to be bound by
the terms and conditions thereof. By its execution of this Agreement, Assignor Lender agrees, to the extent provided herein, to relinquish its rights and be released from its obligations and duties under the Funding Agreement. 
 1.4 Effective Date. Such assignment and delegation by Assignor Lender and acceptance by Assignee Lender will be effective and Assignee Lender will
become a Lender under the Related Documents as of the date of this Agreement (“Effective Date”) and upon payment of the Assigned Amount and the Assignment Fee (as each term is defined below). 
 2. INITIAL PAYMENT AND DELIVERY OF NOTES 
 2.1
Payment of the Assigned Amount. Assignee Lender will pay to Assignor Lender, in immediately available funds, not later than 12:00 noon (New York City time) on the Effective Date, an amount equal to its Pro Rata Share of the then outstanding
principal amount of the Advances as set forth above in Section 1.1 together with accrued interest, fees and other amounts as set forth on Schedule 2.1 (the “Assigned Amount”). 
 2.2 Payment of Assignment Fee. [Assignor Lender] [Assignee Lender] will pay to the Administrative Agent, for its own account in immediately
available funds, not later than 12:00 noon (New York City time) on the Effective Date, an assignment fee in the amount of $3,500 (the “Assignment Fee”) as required pursuant to Section 12.02(b) of the Funding Agreement. 
 2.3 Execution and Delivery of Notes. Following payment of the Assigned Amount and the Assignment Fee, Assignor Lender will deliver to the
Administrative Agent the Revolving Notes previously delivered to Assignor Lender for redelivery to Borrower and the Administrative Agent will obtain from Borrower for delivery to [Assignor Lender and] Assignee Lender, new executed Revolving Notes
evidencing Assignee Lender’s [and Assignor Lender’s respective] Pro Rata Share[s] in the Advances after giving effect to the assignment described in Section 1. Each new Revolving Note will be issued in the aggregate maximum
principal amount of the Commitment of [the Assignee Lender] [and the Assignor Lender]. 
 3. REPRESENTATIONS, WARRANTIES AND COVENANTS 
 3.1 Assignee Lender’s Representations, Warranties and Covenants. Assignee Lender hereby represents, warrants, and covenants the following to
Assignor Lender and the Administrative Agent: 
 (a) This Agreement is a legal, valid, and binding agreement of Assignee Lender, enforceable
according to its terms; 
  

 Exhibit 12.02(b)-2 

 (b) The execution and performance by Assignee Lender of its duties and obligations under this Agreement
and the Related Documents will not require any registration with, notice to, or consent or approval by any Governmental Authority; 
 (c)
Assignee Lender is familiar with transactions of the kind and scope reflected in the Related Documents and in this Agreement; 
 (d) Assignee
Lender has made its own independent investigation and appraisal of the financial condition and affairs of the Borrower and its Affiliates, has conducted its own evaluation of the Advances, the Related Documents and the Borrower’s and its
Affiliates’ creditworthiness, has made its decision to become a Lender to Borrower under the Funding Agreement independently and without reliance upon Assignor Lender, any other Lender or the Administrative Agent, and will continue to do so;

 (e) Assignee Lender is entering into this Agreement in the ordinary course of its business, and is acquiring its interest in the Advances
for its own account and not with a view to or for sale in connection with any subsequent distribution; provided that at all times the distribution of Assignee Lender’s property shall, subject to the terms of the Funding Agreement, be and remain
within its control; and 
 (f) As of the Effective Date, Assignee Lender is entitled to receive payments of principal and interest under the
Funding Agreement without deduction for or on account of any taxes imposed by the United States of America or any political subdivision thereof, after giving effect to this assignment Borrower will not have any increased obligations under
Sections 2.08(g), 2.09, or 12.04(b) of the Funding Agreement by virtue of such assignment, and Assignee Lender will indemnify the Administrative Agent from and against all liabilities, obligations, losses, damages,
penalties, actions, judgments, suits, costs, or expenses that are not paid by the Borrower pursuant to the terms of the Funding Agreement. 
 3.2 Assignor Lender’s Representations, Warranties and Covenants. Assignor Lender hereby represents, warrants and covenants the following to Assignee Lender: 
 (a) Assignor Lender is the legal and beneficial owner of the Assigned Amount; 
 (b) This Agreement is a legal, valid and binding agreement of Assignor Lender, enforceable according to its terms; 
 (c) The execution and performance by Assignor Lender of its duties and obligations under this Agreement will not require any registration with, notice to
or consent or approval by any Governmental. Authority; 
 (d) Assignor Lender has full power and authority, and has taken all action
necessary to execute and deliver this Agreement and to fulfill the obligations hereunder and to consummate the transactions contemplated hereby; and 
 (e) Assignor Lender is the legal and beneficial owner of the interests being assigned hereby, free and clear of any adverse claim, lien, encumbrance, security interest, restriction on transfer, purchase option, call
or similar right of a third party. 
  

 Exhibit 12.02(b)-3 

 4. LIMITATIONS OF LIABILITY 
 Neither Assignor Lender (except as provided in Section 3.2) nor the Administrative Agent makes any representations or warranties of any kind, nor assumes any responsibility or liability whatsoever, with
regard to (a) the Related Documents or any other document or instrument furnished pursuant thereto or the Advances, or other Borrower Obligations, (b) the creation, validity, genuineness, enforceability, sufficiency, value or
collectibility of any of them, (c) the amount, value or existence of the Borrower Collateral, (d) the perfection or priority of any Lien upon the Borrower Collateral, or (e) the financial condition of Borrower or any of its Affiliates
or other obligor or the performance or observance by Borrower or any of its Affiliates of its obligations under any of the Related Documents. Neither Assignor Lender nor the Administrative Agent has or will have any duty, either initially or on a
continuing basis, to make any investigation, evaluation, appraisal of, or any responsibility or liability with respect to the accuracy or completeness of, any information provided to Assignee Lender which has been provided to Assignor Lender or the
Administrative Agent by Borrower or any of its Affiliates. Nothing in this Agreement or in the Related Documents shall impose upon the Assignor Lender or the Administrative Agent any fiduciary relationship in respect of the Assignee Lender.

 5. FAILURE TO ENFORCE 
 No failure or
delay on the part of the Administrative Agent or Assignor Lender in the exercise of any power, right, or privilege hereunder or under any Related Document will impair such power, right, or privilege or be construed to be a waiver of any default or
acquiescence therein. No single or partial exercise of any such power, right, or privilege will preclude further exercise thereof or of any other right, power, or privilege. All rights and remedies existing under this Agreement are cumulative with,
and not exclusive of, any rights or remedies otherwise available. 
 6. NOTICES 
 Unless otherwise specifically provided herein, any notice or other communication required or permitted to be given will be in writing and addressed to the
respective party as set forth below its signature hereunder, or to such other address as the party may designate in writing to the other. 
 7. AMENDMENTS
AND WAIVERS 
 No amendment, modification, termination, or waiver of any provision of this Agreement will be effective without the written
concurrence of Assignor Lender, the Administrative Agent and Assignee Lender. 
 8. SEVERABILITY 
 Whenever possible, each provision of this Agreement will be interpreted in such manner as to be effective and valid under applicable law. In the event any
provision of this Agreement is or is held to be invalid, illegal, or unenforceable under applicable law, such provision will be ineffective only to the extent of such invalidity, illegality, or unenforceability, without invalidating the 

  

 Exhibit 12.02(b)-4 

 
remainder of such provision or the remaining provisions of the Agreement. In addition, in the event any provision of or obligation under this Agreement is or
is held to be invalid, illegal, or unenforceable in any jurisdiction, the validity, legality, and enforceability of the remaining provisions or obligations in any other jurisdictions will not in any way be affected or impaired thereby. 

9. SECTION TITLES 
 Section and Subsection titles
in this Agreement are included for convenience of reference only, do not constitute a part of this Agreement for any other purpose, and have no substantive effect. 
 10. SUCCESSORS AND ASSIGNS 
 This Agreement shall be binding upon and inure to the benefit of the parties hereto and their
respective successors and assigns. 
 11. APPLICABLE LAW 
 THIS AGREEMENT WILL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND PERFORMED IN THAT STATE, WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES.

 12. COUNTERPARTS 
 This Agreement and
any amendments, waivers, consents, or supplements may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which, when so executed and delivered, will be deemed an original and all of which
shall together constitute one and the same instrument. 
 *        *        * 
  

 Exhibit 12.02(b)-5 

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

 

									
	Assignee Lender	 		 	Assignor Lender
			
	  
	 		 	  

					
	By:	 	  
	 		 	By:	 	  

	Name:	 	  
	 		 	Name:	 	  

	Title:	 	  
	 		 	Title:	 	  

			
	Notice Address	 		 	Notice Address
			
	Account Information	 		 	Account Information

  

			
	Acknowledged and Consented to:
	
	 BANK OF AMERICA, N.A.,
     as Administrative Agent

		
	By:	 	  

	Name:	 	
	Title:	 	
	
	[Consented to:]3
	 SIT FUNDING CORPORATION,
     as Borrower

		
	By:	 	  

	Name:	 	
	Title:	 	

  

	 3
	 If required pursuant to Section 12.02. 

  

 Exhibit 12.02(b)-6 

 SCHEDULE 2.1  
 Assignor Lender’s Loans  
 Principal Amount  
  

			
	 Advances
	  	        $            
		
	 Accrued Interest
	  	        $            
		
	 Unused Line Fee
	  	        $            
		
	 Other + or -
	  	$            
		
	 Total
	  	$            

 All determined as of the Effective Date 

 Exhibit A to Funding Agreement 
 CREDIT AND COLLECTION POLICY 

 ANNEX 5.02(a) 
 to 
 FUNDING AGREEMENT 
 REPORTING REQUIREMENTS OF THE BORROWER 
 The Borrower shall furnish, or cause to be furnished, to each
Managing Agent and the Administrative Agent: 
 (a) Reporting. (i) Monthly Report. As soon as available, and in any event
no later than 5:00 p.m. (New York time) on the sixth day of each calendar month, a monthly report (a “Monthly Report”) in the form attached hereto prepared as of the last day of the previous calendar month, certified by an officer
of the Servicer. It is hereby understood and agreed that the Borrower shall be required to deliver a Monthly Report pursuant to the terms of this subsection (a)(i) notwithstanding that the Borrower may also be required to deliver Weekly
Reports or Daily Reports as hereinafter described. 
 (ii) Weekly Report. No later than 5:00 p.m. (New York time) on
each Tuesday, a report (a “Weekly Report”) in the form attached hereto, prepared as of the last day of the immediately preceding week. 
 (iii) Daily Report. If a Termination Event has occurred or as otherwise determined necessary by the Administrative Agent, no later than 5:00 p.m. (New York time) on the Business Day immediately following the
date on which the daily reporting obligation arose, a daily report (a “Daily Report”) in the form attached hereto, prepared as of the close of business on the immediately preceding Business Day. The Borrower shall be required to
deliver a Daily Report by no later than 5:00 p.m. (New York time) on each Business Day thereafter (each Daily Report relating to the immediately preceding Business Day) unless and until such Termination Event is no longer outstanding, in which case
the Borrower shall be required to deliver the Weekly Reports during the following calendar month. 
 (b) Annual Audited Financials. As
soon as available, and in any event within ninety (90) days after the end of each fiscal year, a copy of (1) the audited consolidated financial statements for such year for each of the Borrower and the Parent and its Subsidiaries,
certified, as to the audited financial statements, without qualification in a manner satisfactory to the Administrative Agent by any of (i) Deloitte & Touche USA LLP, (ii) Ernst & Young LLP, (iii) KPMG LLP, or
(iv) PricewaterhouseCoopers LLP (or any of their respective successors) or other nationally recognized independent public accountants acceptable to the Administrative Agent, with such financial statements being prepared in accordance with GAAP
applied consistently throughout the period involved (except as approved by such accountants and disclosed therein) and (2) the unaudited consolidating financial statements for the Parent and its Subsidiaries. 
 (c) Quarterly Financials. As soon as available, and in any event within forty-five (45) days after the end of each fiscal quarter (other than
the last quarter of such fiscal year), financial information regarding the Parent and its Subsidiaries, certified by the Chief Financial Officer of the Parent, consisting of consolidated unaudited balance sheets as of the close of such fiscal
quarter and the 

 
related statements of income and cash flows for that portion of the fiscal year ending as of the close of such fiscal quarter, all prepared in accordance
with GAAP, subject to normal year-end audit adjustments and the absence of footnotes. Such financial information shall be accompanied by the certification of the Chief Financial Officer of the Parent that (A) such financial information presents
fairly in accordance with GAAP the financial position and results of operations of the Parent and its Subsidiaries, on a consolidated and consolidating basis, in each case as at the end of such quarter and for the period then ended and (B) any
other information presented is true, correct and complete in all material respects and that there was no Incipient Termination Event or Termination Event in existence as of such time or, if an Incipient Termination Event or Termination Event shall
have occurred and be continuing, describing the nature thereof and all efforts undertaken to cure such Incipient Termination Event or Termination Event. In addition, the Borrower shall furnish, or cause to be furnished, to the Administrative Agent
and the Managing Agents, within forty-five (45) days after the end of each fiscal quarter, (1) a statement in reasonable detail (each, a “Compliance Certificate”) showing the calculations used in determining compliance
with each financial test described in Annex Z of the Sale Agreement and (2) a management discussion and analysis that includes a comparison of performance for the fiscal year to date as of the end of that fiscal quarter to the corresponding
period in the prior year, as set forth in the quarterly filings made by the Parent with the Securities and Exchange Commission. 
 (d)
Intentionally Omitted. 
 (e) Operating Plan. As soon as available, but not later than 45 days after the end of each fiscal
year, an annual operating plan for such fiscal year for the Parent, which will (i) include a statement of the material assumptions on which such plan is based, (ii) include quarterly balance sheets and quarterly projections for such year
and (iii) integrate sales, gross profits, operating expenses, operating profit, cash flow projections and Borrowing Base projections, all prepared on the same basis and in similar detail as that on which operating results are reported (and in
the case of cash flow projections, representing management’s good faith estimates of future financial performance based on historical performance), and including plans for personnel, capital expenditures and facilities. 
 (f) Management Letters. Within 10 Business Days after receipt thereof by the Borrower, copies of all management letters, exception reports or
similar letters or reports received by the Borrower from its independent certified public accountants. 
 (g) Default Notices. As soon
as practicable, and in any event within five Business Days after an Authorized Officer of the Borrower has actual knowledge of the existence thereof, telephonic or telecopied notice of each of the following events, in each case specifying the nature
and anticipated effect thereof and what action, if any, the Borrower proposes to take with respect thereto, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day: 
 (i) any Incipient Termination Event or Termination Event; 
 (ii) any Adverse Claim made or asserted against any of the Borrower Collateral of which it becomes aware; 
  

 Annex 5.02(a)-2 

 (iii) the occurrence of any event that would have a material adverse effect on the
aggregate value of the Borrower Collateral or on the assignments and Liens granted by the Borrower pursuant to the Funding Agreement; 
 (iv) the occurrence of any event of the type described in Sections 4.02(h)(i), (ii) or (iii) of the Sale Agreement involving any Obligor obligated under Transferred Receivables with
an aggregate Outstanding Balance at such time of $2,000,000 or more; 
 (v) the commencement of a case or proceeding by or
against the Borrower, the Parent, the Servicer, any Originator, any other Subsidiary of the Parent or any Obligor seeking a decree or order in respect of the Borrower, the Parent, the Servicer, any Originator, any other Subsidiary of the Parent or
any Obligor (A) under the Bankruptcy Code or any other applicable federal, state or foreign bankruptcy or other similar law, (B) appointing a custodian, receiver, liquidator, assignee, trustee or sequestrator (or similar official) for the
Borrower, the Parent, the Servicer, any Originator, any other Subsidiary of the Parent or any Obligor or for any substantial part of its respective assets, or (C) ordering the winding up or liquidation of the affairs of the Borrower, the
Parent, the Servicer, any Originator, any other Subsidiary of the Parent or any Obligor; 
 (vi) the receipt of notice that
(A) the Borrower, the Parent, the Servicer, any Originator, any other Subsidiary of the Parent or any Obligor is being placed under regulatory supervision, (B) any material license, permit, charter, registration or approval necessary for
the conduct of the business of the Borrower, the Parent, the Servicer, any Originator, any other Subsidiary of the Parent or any Obligor is to be, or may be, suspended or revoked, or (C) the Borrower, the Parent, the Servicer, any Originator,
any other Subsidiary of the Parent or any Obligor is to cease and desist any practice, procedure or policy employed by it in the conduct of its business if such cessation could reasonably be expected to have a Material Adverse Effect; or 

(vii) any other event, circumstance or condition that has had or could reasonably be expected to have a Material Adverse Effect.

 (h) SEC Filings and Press Releases. Promptly upon their becoming available, copies of any final registration statements and the
regular, periodic and special reports, if any, which the Parent shall have filed with the Securities and Exchange Commission (or any governmental agency substituted therefor) or any national securities exchange and copies of all management letters
delivered to the Parent or any of its Subsidiaries by its accountants. 
 (i) ERISA Notices. Immediately upon becoming aware of the
institution of any steps by the Borrower or any other Person to terminate any Pension Plan, or the failure to make a required contribution to a Pension Plan if such failure is sufficient to give rise to a lien under section 303(k) of ERISA, or the
taking of any action with respect to a Pension Plan which could result in the requirement that the Borrower or any ERISA Affiliate furnish a bond or other security to the PBGC or such Pension Plan, or the occurrence of any event with respect to any
Pension Plan which could result in the Borrower or any ERISA Affiliate incurring any material liability, fine or penalty, notice thereof an copies of all documentation relating thereto. 
  

 Annex 5.02(a)-3 

 (j) Litigation. Promptly upon learning thereof, written notice of any Litigation affecting the
Borrower, the Transferred Receivables or the Borrower Collateral, whether or not fully covered by insurance, and regardless of the subject matter thereof that (i) seeks damages in excess of $100,000, (ii) seeks injunctive relief,
(iii) is asserted or instituted against any Plan, its fiduciaries (in their capacity as a fiduciary of any such Plan) or its assets or against the Borrower or any ERISA Affiliate of the Borrower in connection with any Plan, (iv) alleges
criminal misconduct by the Borrower or (v) would, if determined adversely, have a Material Adverse Effect. 
 (k) Other
Documents. Such other financial and other information respecting the Transferred Receivables, the Contracts therefor or the condition or operations, financial or otherwise, of the Borrower, any Originator, the Parent or any of its other
Subsidiaries as any Lender or Administrative Agent shall, from time to time, reasonably request. 
 (l) Miscellaneous Certifications.
As soon as available, and in any event within 90 days after the end of each fiscal year, (i) a Bringdown Certificate in the form attached hereto, (ii) a Servicer’s Certificate in the form attached hereto, and (iii) if requested,
an opinion or opinions of counsel, in form and substance reasonably satisfactory to the Lenders and the Administrative Agent, reaffirming as of the date of such opinion the opinions of counsel with respect to the Borrower and the Originators
delivered to the Lenders and the Administrative Agent on the Closing Date. 
  

 Annex 5.02(a)-4 

 Form of Monthly Report  
  

 Annex 5.02(a)-5 

 Form of Weekly Report  
  

 Annex 5.02(a)-6 

 Form of Daily Report  
  

 Annex 5.02(a)-7 

 ANNEX W 
 ADMINISTRATIVE AGENT’S ACCOUNT/ 
 LENDERS’ ACCOUNTS 
  

			
	ADMINISTRATIVE AGENT’S ACCOUNT FOR SWING LINE ADVANCES
	
	 SMBC LENDER GROUP’S ACCOUNT

	
	BANK OF AMERICA LENDER GROUP’S ACCOUNT

 ANNEX X 
 DEFINITIONS  

 ANNEX Y 
 SCHEDULE OF DOCUMENTS  

 Annex Z to Funding Agreement 
 FORM OF SPECIAL OBLIGOR APPROVAL NOTICE 
 Bank of America, N.A. 
 [Address] 
 [Insert Date] 
 [Address] 
 SIT FUNDING CORPORATION 
 [Address] 
  

	 	Re:	Approval of Special Obligor 

 Ladies and Gentlemen: 
 Reference is made to the Third Amended and Restated Receivables Funding and Administration Agreement, dated as of January 23, 2009, as amended (the
“Funding Agreement”), by and among SIT Funding Corporation, the financial institutions party thereto as lenders (the “Lenders”) and Bank of America, N.A., as a lender and as administrative agent for the Lenders (in
such capacity, the “Administrative Agent”). Capitalized terms used and not otherwise defined herein shall have the respective meanings ascribed to them in the Funding Agreement. 
 The Administrative Agent on behalf of the Requisite Lenders hereby notifies the Lenders of the approval of [name of party] as a Special Obligor (the
“Special Obligor”). It is understood and agreed that the Administrative Agent may, if requested in writing by any Lender, revoke such approval at any time upon two (2) Business Days’ prior written notice to SIT Funding
Corporation. 

			
	Very truly yours,
	
	 BANK OF AMERICA, N.A.,
 as Administrative
Agent and as a Managing Agent

		
	By:	 	  

	Name:	 	
	Title:	 	Duly Authorized Signatory

  

			
	 Consented to and Acknowledged by:
  
 SUMITOMO MITSUI BANKING CORPORATION,
 as a Managing
Agent

		
	By:	 	  

	Name:	 	
	Title:

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