Document:

Registration Rights Agreement

 Exhibit 4.7 
 EXECUTION VERSION 
 SOLO CUP COMPANY 
 SOLO CUP OPERATING CORPORATION 
 10.5% Senior Secured Notes due 2013 
 fully and unconditionally guaranteed as to the 
 payment of principal, premium, 
 if
any, interest and special interest, if any, by 
 the Guarantors listed on the signature pages hereto 
  
  
 Exchange and Registration Rights Agreement 
 July 2, 2009

 Goldman, Sachs & Co. 
 Banc of America Securities LLC

 Wachovia Capital Markets, LLC, 
 c/o Goldman, Sachs &
Co. 
 85 Broad Street 
 New York, New York 10004 
 Ladies and Gentlemen: 
 Solo Cup Company, a Delaware
corporation (the “Company”), and Solo Cup Operating Corporation, a Delaware corporation (together with the Company, the “Issuers”), propose to issue and sell to the Purchasers (as defined herein) upon
the terms set forth in the Purchase Agreement (as defined herein) $300,000,000 in aggregate principal amount of the Issuers’ 10.5% Senior Secured Notes due 2013, which are fully and unconditionally guaranteed by the Guarantors (as defined
herein). As an inducement to the Purchasers to enter into the Purchase Agreement and in satisfaction of a condition to the obligations of the Purchasers thereunder, the Issuers and the Guarantors agree with the Purchasers for the benefit of holders
(as defined herein) from time to time of the Registrable Securities (as defined herein) as follows: 
 1. Certain Definitions. For
purposes of this Exchange and Registration Rights Agreement (this “Agreement”), the following terms shall have the following respective meanings: 
 “Base Interest” shall mean the interest that would otherwise accrue on the Securities under the terms thereof and
the Indenture, without giving effect to the provisions of this Agreement. 
 “Broker-Dealer” shall
mean any broker or dealer registered with the Commission under the Exchange Act. 
 “Business Day”
shall have the meaning set forth in Rule 13e-4(a)(3) promulgated by the Commission under the Exchange Act, as the same may be amended or succeeded from time to time. 

 “Certificated Note” shall have the meaning assigned thereto in
the Indenture. 
 “Closing Date” shall mean the date on which the Securities are initially issued.

 “Collateral Trustee” shall have the meaning assigned thereto in the Indenture. 
 “Commission” shall mean the United States Securities and Exchange Commission, or any other federal agency at the
time administering the Exchange Act or the Securities Act, whichever is the relevant statute for the particular purpose. 
 “EDGAR System” means the EDGAR filing system of the Commission and the rules and regulations pertaining thereto promulgated by the Commission in Regulation S-T under the Securities Act and the Exchange Act, in each
case as the same may be amended or succeeded from time to time (and without regard to format). 
 “Effective
Time,” in the case of (i) an Exchange Registration, shall mean the time and date as of which the Commission declares the Exchange Registration Statement effective or as of which the Exchange Registration Statement otherwise becomes
effective and (ii) a Shelf Registration, shall mean the time and date as of which the Commission declares the Shelf Registration Statement effective or as of which the Shelf Registration Statement otherwise becomes effective. 
 “Electing Holder” shall mean any holder of Registrable Securities that has returned a completed and signed Notice
and Questionnaire to the Issuers in accordance with Section 3(d)(ii) or Section 3(d)(iii) and the instructions set forth in the Notice and Questionnaire. 
 “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended, and the rules and regulations
promulgated by the Commission thereunder, as the same may be amended or succeeded from time to time. 
 “Exchange
Offer” shall have the meaning assigned thereto in Section 2(a). 
 “Exchange
Registration” shall have the meaning assigned thereto in Section 3(c). 
 “Exchange
Registration Statement” shall have the meaning assigned thereto in Section 2(a). 
 “Exchange Securities” shall have the meaning assigned thereto in Section 2(a). 
 “FINRA” shall mean the Financial Industry Regulatory Authority, Inc. 
 “Global
Note” shall have the meaning assigned thereto in the Indenture. 
 “Guarantor” shall have
the meaning assigned thereto in the Indenture. 
 “holder” shall mean each of the Purchasers and other
persons who acquire Registrable Securities from time to time (including any successors or assigns), in each case for so long as such person owns any Registrable Securities. 
 “Indenture” shall mean the Indenture, dated as of July 2, 2009, among the Issuers, the Guarantors and
U.S. Bank National Association, as trustee, as the same may be amended from time to time. 
  

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 “Notice and Questionnaire” means a Notice of Registration
Statement and Selling Securityholder Questionnaire substantially in the form of Exhibit A hereto. 
 “Note
Guarantee” shall have the meaning assigned thereto in the definition of “Securities.” 
 “person” shall mean a corporation, limited liability company, association, partnership, organization, business, individual, government or political subdivision thereof or governmental agency. 
 “Purchase Agreement” shall mean the Purchase Agreement, dated as of June 24, 2009, between Goldman,
Sachs & Co., as representative of the several Purchasers named therein, the Issuers and the Guarantors relating to the Securities. 
 “Purchasers” shall mean the Purchasers named in Schedule I to the Purchase Agreement. 
 “Registrable Securities” shall mean the Securities; provided, however, that a Security shall cease to be a Registrable Security upon the earliest to occur of the following: (i) in
the circumstances contemplated by Section 2(a), the Security has been exchanged for an Exchange Security in an Exchange Offer as contemplated in Section 2(a), (ii) in the circumstances contemplated by
Section 2(b), a Shelf Registration Statement registering such Security under the Securities Act has been declared or becomes effective and such Security has been sold or otherwise transferred by the holder thereof pursuant to and in a
manner contemplated by such effective Shelf Registration Statement, or (iii) such Security shall cease to be outstanding. 
 “Registration Default” shall have the meaning assigned thereto in Section 2(c). 
 “Registration Default Period” shall have the meaning assigned thereto in Section 2(c). 
 “Registration Expenses” shall have the meaning assigned thereto in Section 4. 
 “Resale Period” shall have the meaning assigned thereto in Section 2(a). 
 “Restricted Holder” shall mean (i) a holder that is an affiliate of either of the Issuers within the meaning of Rule 405, (ii) a holder who acquires Exchange Securities outside the ordinary course of
such holder’s business, (iii) a holder who has arrangements or understandings with any person to participate in the Exchange Offer for the purpose of distributing Exchange Securities and (iv) a holder that is a Broker-Dealer, but only
with respect to Exchange Securities received by such Broker-Dealer pursuant to an Exchange Offer in exchange for Registrable Securities acquired by the Broker-Dealer directly from the Issuers. 
 “Rule 144,” “Rule 405”, “Rule 415”,
“Rule 424”, “Rule 430B” and “Rule 433” shall mean, in each case, such rule promulgated by the Commission under the Securities Act (or any successor provision), as
the same may be amended or succeeded from time to time. 
 “Securities” shall mean, collectively, the
$300,000,000 in aggregate principal amount of the Issuers’ 10.5% Senior Secured Notes due 2013 to be issued and sold to the Purchasers pursuant to the Purchase Agreement, and securities issued in exchange therefor or in lieu thereof pursuant to
the Indenture. Each Security is entitled to the benefit of the guarantees provided by the Guarantors in the Indenture (the “Note Guarantees”) and, unless the context otherwise requires, any reference herein to a
“Security,” an “Exchange Security” or a “Registrable Security” shall include a reference to the related Note Guarantees. 
  

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 “Securities Act” shall mean the Securities Act of 1933, as
amended, and the rules and regulations promulgated by the Commission thereunder, as the same may be amended or succeeded from time to time. 
 “Shelf Registration” shall have the meaning assigned thereto in Section 2(b). 
 “Shelf Registration Statement” shall have the meaning assigned thereto in Section 2(b). 
 “Special Interest” shall have the meaning assigned thereto in Section 2(c). 
 “Suspension Period” shall have the meaning assigned thereto in Section 2(b). 
 “Trust Indenture Act” shall mean the Trust Indenture Act of 1939, as amended, and the rules and regulations promulgated by the Commission thereunder, as the same may be amended or succeeded
from time to time. 
 “Trustee” shall mean U.S. Bank National Association, as trustee under the
Indenture, together with any successors thereto in such capacity. 
 Unless the context otherwise requires, any reference herein to a
“Section” or “clause” refers to a Section or clause, as the case may be, of this Agreement, and the words “herein,” “hereof” and “hereunder” and other words of similar import refer to this Agreement
as a whole and not to any particular Section or other subdivision. 
 2. Registration Under the Securities Act. 
 (a) Except as set forth in Section 2(b) below, the Issuers and the Guarantors agree to file with the Commission, on or prior
to 180 days after the Closing Date, an exchange offer registration statement (such registration statement, the “Exchange Registration Statement”) on the appropriate form under the Securities Act with respect to an offer to
exchange (the “Exchange Offer”) any and all of the Securities for a like aggregate principal amount of debt securities issued by the Issuers and guaranteed by the Guarantors, which debt securities will be substantially
identical in all respects to the Securities, except that they will not contain specified transfer restrictions and will not contain provisions for Special Interest contemplated by Section 2(c) below and will be registered under the
Securities Act (such new debt securities, “Exchange Securities”). The Issuers and the Guarantors agree to use their commercially reasonable efforts to have the Exchange Registration Statement declared effective by the
Commission on or prior to 270 days after the Closing Date. Unless the Exchange Offer would not be permitted by applicable law or Commission policy, the Issuers and the Guarantors will (i) commence the Exchange Offer promptly following the
Effective Time of such Exchange Registration Statement, (ii) hold the Exchange Offer open for at least 20 Business Days in accordance with Regulation 14E promulgated by the Commission under the Exchange Act and (iii) issue Exchange
Securities in exchange for all Registrable Securities that have been properly tendered and not validly withdrawn prior thereto in the Exchange Offer. The Exchange Offer will be deemed to have been “completed” only (i) if the Exchange
Securities and related Note Guarantees received by holders other than Restricted Holders in the Exchange Offer for Registrable Securities are, upon receipt, transferable by each such holder without restriction under the Securities Act and the
Exchange Act and without material restrictions under the blue sky or securities laws of a substantial majority of the States of the United States of America and 

  

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(ii) upon the Issuers having exchanged, pursuant to the Exchange Offer, Exchange Securities for all Registrable Securities that have been properly
tendered and not validly withdrawn before the expiration of the Exchange Offer, which shall be on a date that is at least 20 and not more than 30 Business Days following the commencement of the Exchange Offer. The Issuers and the Guarantors agree
(x) to include in the Exchange Registration Statement a prospectus for use in any resales by any holder of Exchange Securities that is a Broker-Dealer and (y) to keep such Exchange Registration Statement effective for a period (the
“Resale Period”) beginning when Exchange Securities are first issued in the Exchange Offer and ending upon the earlier of the expiration of the 180th day after the Exchange Offer has been completed or such time as such Broker-Dealers no longer own any Registrable Securities. With
respect to such Exchange Registration Statement, such holders shall have the benefit of the rights of indemnification and contribution set forth in subsections 6(a), (c), (d) and (e). 
 (b) If (i) the Issuers and the Guarantors are not permitted to consummate the Exchange Offer because the Exchange Offer is not
permitted by applicable law or Commission policy, or (ii) any holder of Securities notifies the Issuers prior to the 20th day following consummation of the Exchange Offer that (A) it is prohibited by applicable law or Commission
policy from participating in the Exchange Offer, or (B) it may not resell the Exchange Securities acquired by it in the Exchange Offer to the public without delivering a prospectus and the prospectus contained in the Exchange Registration
Statement is not appropriate or available for such resales, or (C) it is a Broker-Dealer and owns Securities acquired directly from either of the Issuers or an affiliate thereof, the Issuers and the Guarantors will file with the Commission a
“shelf” registration statement providing for the registration of, and the sale on a continuous or delayed basis by the holders of, all of the Registrable Securities, pursuant to Rule 415 or any similar rule that may be adopted by the
Commission (such filing, the “Shelf Registration” and such registration statement, the “Shelf Registration Statement”) to cover resales of the Securities by the Electing Holders who satisfy certain
conditions relating to the provision of information in connection with the Shelf Registration Statement. If obligated to file the Shelf Registration Statement, the Issuers and the Guarantors will file such Shelf Registration Statement with the
Commission on or prior to 180 days after such filing obligation arises and use their commercially reasonable efforts to cause the Shelf Registration Statement to be declared effective by the Commission on or prior to 270 days after such
obligation arises (but in no event earlier than the Issuers’ and the Guarantors’ obligation with respect to the Exchange Registration Statement). The Issuers and the Guarantors agree to use all commercially reasonable efforts to keep such
Shelf Registration Statement continuously effective for a period ending on the earlier of the second anniversary of the Effective Time or such time as there are no longer any Registrable Securities outstanding. No holder shall be entitled to be
named as a selling securityholder in the Shelf Registration Statement or to use the prospectus forming a part thereof for resales of Registrable Securities unless such holder is an Electing Holder. The Issuers and the Guarantors agree, after the
Effective Time of the Shelf Registration Statement and promptly upon the request of any holder of Registrable Securities that is not then an Electing Holder, to use all commercially reasonable efforts to enable such holder to use the prospectus
forming a part thereof for resales of Registrable Securities, including, without limitation, any action necessary to identify such holder as a selling securityholder in the Shelf Registration Statement (whether by post-effective amendment thereto or
by filing a prospectus pursuant to Rules 430B and 424(b) under the Securities Act identifying such holder), provided, however, that nothing in this sentence shall relieve any such holder of the obligation to return a completed and signed
Notice and Questionnaire to the Issuers in accordance with Section 3(d)(iii). Notwithstanding anything to the contrary in this Section 2(b), upon notice to the Electing Holders, the Issuers may suspend the 

  

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use or the effectiveness of such Shelf Registration Statement, or extend the time period in which they are required to file the Shelf Registration Statement,
for up to 30 consecutive days and up to 60 days in the aggregate, in each case in any 12-month period (a “Suspension Period”) if the Board of Directors of the Issuers determines that there is a valid business purpose for
suspension of the Shelf Registration Statement; provided that the Issuers shall promptly notify the Electing Holders in writing when the Shelf Registration Statement has been suspended and when such Shelf Registration Statement may once again
be used or is effective, and the Electing Holders agree not to offer or sell any Registrable Securities pursuant to such Shelf Registration Statement during the Suspension Period. 
 (c) If (i) the Issuers and the Guarantors fail to file any of the registration statements required by this Agreement on or before the
date specified for such filing in Section 2(a) or Section 2(b), or (ii) any such registration statement is not declared effective by the Commission on or prior to the date specified for such effectiveness (the
“Effectiveness Target Date”), or (iii) the Issuers and the Guarantors fail to consummate the Exchange Offer within 30 Business Days of the Effectiveness Target Date with respect to the Exchange Registration Statement, or
(iv) the Exchange Registration Statement or the Shelf Registration Statement required by Section 2(a) or Section 2(b) is declared effective but thereafter ceases to be effective or usable in connection with resales or
exchanges of Securities either because it is withdrawn by the Issuers or it becomes subject to an effective stop order issued pursuant to Section 8(d) of the Securities Act suspending the effectiveness of such registration statement (except as
specifically permitted herein, including, with respect to any Shelf Registration Statement, during any applicable Suspension Period in accordance with the last sentence of Section 2(b)) without being succeeded immediately by an
additional registration statement filed and declared effective (each such event referred to in clauses (i) through (iv), a “Registration Default” and each period during which a Registration Default has
occurred and is continuing, a “Registration Default Period”), then, as liquidated damages for such Registration Default, the Issuers and the Guarantors will pay special interest (“Special Interest”),
in addition to the Base Interest, to each holder of Registrable Securities, with respect to the first 90-day period immediately following the occurrence of the first Registration Default in an amount equal to one-quarter of one percent (0.25%)
per annum on the principal amount of Registrable Securities held by such holder. The amount of Special Interest will increase by an additional one-quarter of one percent (0.25%) per annum on the principal amount of Registrable
Securities with respect to each subsequent 90-day period until all Registration Defaults have been cured, up to a maximum amount of Special Interest for all Registration Defaults of 1.0% per annum. 
 All accrued Special Interest will be paid by the Issuers and the Guarantors on each interest payment date to the Global Note holder by
wire transfer of immediately available funds or by federal funds check and to holders of Certificated Notes by wire transfer to the accounts specified by them or by mailing checks to their registered addresses if no such accounts have been
specified. Following the cure of all Registration Defaults, the accrual of Special Interest will cease. 
 (d) The Issuers
shall take, and shall cause the Guarantors to take, all actions necessary or advisable to be taken by them to ensure that the transactions contemplated herein are effected as so contemplated, including all actions necessary or desirable to register
the Note Guarantees under any Exchange Registration Statement or Shelf Registration Statement, as applicable. 
  

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 (e) Any reference herein to a registration statement or prospectus as of any time shall
be deemed to include any document incorporated, or deemed to be incorporated, therein by reference as of such time; and any reference herein to any post-effective amendment to a registration statement or to any prospectus supplement as of any time
shall be deemed to include any document incorporated, or deemed to be incorporated, therein by reference as of such time. 
 3.
Registration Procedures. 
 If the Issuers and the Guarantors file a registration statement pursuant to Section 2(a) or
Section 2(b), the following provisions shall apply: 
 (a) At or before the Effective Time of the Exchange
Registration or any Shelf Registration, whichever may occur first, the Issuers shall qualify the Indenture under the Trust Indenture Act. 
 (b) In the event that such qualification would require the appointment of a new trustee under the Indenture, the Issuers shall appoint a new trustee thereunder pursuant to the applicable provisions of the Indenture.

 (c) In connection with the Issuers’ and the Guarantors’ obligations with respect to the registration of Exchange
Securities as contemplated by Section 2(a) (the “Exchange Registration”), if applicable, the Issuers and the Guarantors shall: 
 (i) prepare and file with the Commission, on or prior to 180 days after the Closing Date, an Exchange Registration Statement on any form
which may be utilized by the Issuers and the Guarantors and which shall permit the Exchange Offer and resales of Exchange Securities by Broker-Dealers during the Resale Period to be effected as contemplated by Section 2(a), and use all
commercially reasonable efforts to cause such Exchange Registration Statement to become effective on or prior to 270 days after the Closing Date; 
 (ii) as soon as practicable prepare and file with the Commission such amendments and supplements to such Exchange Registration Statement and the prospectus included therein as may be necessary to effect and maintain
the effectiveness of such Exchange Registration Statement for the periods and purposes contemplated in Section 2(a) and as may be required by the applicable rules and regulations of the Commission and the instructions applicable to the
form of such Exchange Registration Statement, and promptly provide each Broker-Dealer holding Exchange Securities with such number of copies of the prospectus included therein (as then amended or supplemented), in conformity in all material respects
with the requirements of the Securities Act and the Trust Indenture Act, as such Broker-Dealer reasonably may request prior to the expiration of the Resale Period, for use in connection with resales of Exchange Securities; 
 (iii) promptly notify each Broker-Dealer that has requested or received copies of the prospectus included in such Exchange Registration
Statement, and confirm such advice in writing, (A) when such Exchange Registration Statement or the prospectus included therein or any prospectus amendment or supplement or post-effective amendment has been filed, and, with respect to such
Exchange Registration Statement or any post-effective amendment, when the same has become effective, (B) of any comments by the Commission and by the blue sky or securities commissioner or regulator of any state with respect thereto or any
request by the Commission for 

  

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amendments or supplements to such Exchange Registration Statement or prospectus or for additional information, (C) of the issuance by the Commission of
any stop order suspending the effectiveness of such Exchange Registration Statement or the initiation or threatening of any proceedings for that purpose, (D) if at any time the representations and warranties of the Issuers contemplated by
Section 5 cease to be true and correct in all material respects, (E) of the receipt by the Issuers of any notification with respect to the suspension of the qualification of the Exchange Securities for sale in any jurisdiction or
the initiation or threatening of any proceeding for such purpose, (F) the occurrence of any event that causes either of the Issuers to become an “ineligible issuer” as defined in Rule 405, or (G) if at any time during the
Resale Period when a prospectus is required to be delivered under the Securities Act, that such Exchange Registration Statement, prospectus, prospectus amendment or supplement or post-effective amendment does not conform in all material respects to
the applicable requirements of the Securities Act and the Trust Indenture Act or contains an untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not
misleading (in the case of any prospectus, in the light of the circumstances under which such statements were made); 
 (iv)
in the event that the Issuers and the Guarantors would be required, pursuant to Section 3(c)(iii)(G), to notify any Broker-Dealers holding Exchange Securities (except as otherwise permitted during any Suspension Period), promptly prepare
and furnish to each such holder a reasonable number of copies of a prospectus supplemented or amended so that, as thereafter delivered to purchasers of such Exchange Securities during the Resale Period, such prospectus shall conform in all material
respects to the applicable requirements of the Securities Act and the Trust Indenture Act and shall not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements
therein, in the light of the circumstances under which such statements were made, not misleading; 
 (v) use all commercially
reasonable efforts to obtain the withdrawal of any order suspending the effectiveness of such Exchange Registration Statement or any post-effective amendment thereto at the earliest practicable date; 
 (vi) use all commercially reasonable efforts to (A) register or qualify the Exchange Securities under the securities laws or blue
sky laws of such jurisdictions as are contemplated by Section 2(a) no later than the commencement of the Exchange Offer, to the extent required by such laws, (B) keep such registrations or qualifications in effect and comply with
such laws so as to permit the continuance of offers, sales and dealings therein in such jurisdictions until the expiration of the Resale Period, (C) take any and all other actions as may be reasonably necessary or advisable to enable each
Broker-Dealer holding Exchange Securities to consummate the disposition thereof in such jurisdictions and (D) obtain the consent or approval of each governmental agency or authority, whether federal, state or local, which may be required to
effect the Exchange Registration, the Exchange Offer and the offering and sale of Exchange Securities by Broker-Dealers during the Resale Period; provided, however, that none of the Issuers or the Guarantors shall be required for any such
purpose to (1) qualify as a foreign corporation in any jurisdiction wherein it would not otherwise be required to qualify but for the requirements of this Section 3(c)(vi), (2) consent to general service of process in any such
jurisdiction or become subject to taxation in any such jurisdiction or (3) make any changes to its certificate of incorporation or by-laws or other governing documents or any agreement between it and its stockholders; 
  

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 (vii) obtain a CUSIP number for all Exchange Securities, not later than the applicable
Effective Time; and 
 (viii) comply with all applicable rules and regulations of the Commission, and make generally
available to its securityholders no later than 18 months after the Effective Time of such Exchange Registration Statement, an “earning statement” of the Company and its subsidiaries complying with Section 11(a) of the Securities Act
(including, at the option of the Issuers, Rule 158 thereunder). 
 (d) In connection with the Issuers’ and the
Guarantors’ obligations with respect to the Shelf Registration, if applicable, the Issuers and the Guarantors shall: 
 (i) prepare and file with the Commission, within the time periods specified in Section 2(b), a Shelf Registration Statement on any form which may be utilized by the Issuers and which shall register all of the Registrable
Securities for resale by the holders thereof in accordance with such method or methods of disposition as may be specified by the holders of Registrable Securities as, from time to time, may be Electing Holders and use all commercially reasonable
efforts to cause such Shelf Registration Statement to become effective within the time periods specified in Section 2(b); 
 (ii) mail the Notice and Questionnaire to the holders of Registrable Securities not less than 30 days prior to the anticipated Effective Time of the Shelf Registration Statement, and in any such case no holder shall
be entitled to be named as a selling securityholder in the Shelf Registration Statement, and no holder shall be entitled to use the prospectus forming a part thereof for resales of Registrable Securities at any time, unless and until such holder has
returned a completed and signed Notice and Questionnaire to the Issuers; 
 (iii) after the Effective Time of the Shelf
Registration Statement, upon the request of any holder of Registrable Securities that is not then an Electing Holder, promptly send a Notice and Questionnaire to such holder; provided that the Issuers shall not be required to take any action
to name such holder as a selling securityholder in the Shelf Registration Statement or to enable such holder to use the prospectus forming a part thereof for resales of Registrable Securities until such holder has returned a completed and signed
Notice and Questionnaire to the Issuers; 
 (iv) as soon as practicable prepare and file with the Commission such amendments
and supplements to such Shelf Registration Statement and the prospectus included therein as may be necessary to effect and maintain the effectiveness of such Shelf Registration Statement for the period specified in Section 2(b) and as
may be required by the applicable rules and regulations of the Commission and the instructions applicable to the form of such Shelf Registration Statement, and furnish to the Electing Holders copies of any such supplement or amendment simultaneously
with or prior to its being used or filed with the Commission to the extent such documents are not publicly available on the Commission’s EDGAR System; 
  

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 (v) comply with the provisions of the Securities Act with respect to the disposition of
all of the Registrable Securities covered by such Shelf Registration Statement in accordance with the intended methods of disposition by the Electing Holders provided for in such Shelf Registration Statement; 
 (vi) provide the Electing Holders and not more than one counsel for all the Electing Holders the reasonable opportunity to participate in
the preparation of such Shelf Registration Statement, each prospectus included therein or filed with the Commission and each amendment or supplement thereto; 
 (vii) for a reasonable period prior to the filing of such Shelf Registration Statement, and throughout the period specified in
Section 2(b), make available at reasonable times at the Issuers’ principal place of business or such other reasonable place for inspection by the persons referred to in Section 3(d)(vi) who shall certify to the Issuers
that they have a current intention to sell the Registrable Securities pursuant to the Shelf Registration such financial and other information and books and records of the Issuers, and cause the officers, employees, counsel and independent certified
public accountants of the Issuers to respond to such inquiries, as shall be reasonably necessary, in the judgment of the respective counsel referred to in Section 3(d)(vi), to conduct a reasonable investigation within the meaning of
Section 11 of the Securities Act; provided, however, that the foregoing inspection and information gathering on behalf of the Electing Holders shall be conducted by one counsel designated by the holders of at least a majority in
aggregate principal amount of the Registrable Securities held by the Electing Holders at the time outstanding; provided further that each such party shall be required to maintain in confidence and not to disclose to any other person any
information or records reasonably designated by the Issuers as being confidential, until such time as (A) such information becomes a matter of public record (whether by virtue of its inclusion in such Shelf Registration Statement or otherwise),
or (B) such person shall be required so to disclose such information pursuant to a subpoena or order of any court or other governmental agency or body having jurisdiction over the matter (subject to the requirements of such order, and only
after such person shall have given the Issuers prompt prior written notice of such requirement), or (C) such information is required to be set forth in such Shelf Registration Statement or the prospectus included therein or in an amendment to
such Shelf Registration Statement or an amendment or supplement to such prospectus in order that such Shelf Registration Statement, prospectus, amendment or supplement, as the case may be, complies with applicable requirements of the Securities Act
and does not contain an untrue statement of a material fact or omit to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading (in the case of any prospectus, in the light of the
circumstances under which such statements were made); 
 (viii) promptly notify each of the Electing Holders and confirm such
advice in writing, (A) when such Shelf Registration Statement or the prospectus included therein or any prospectus amendment or supplement or post-effective amendment has been filed, and, with respect to such Shelf Registration Statement or any
post-effective amendment, when the same has become effective, (B) of any comments by the Commission and by the blue sky or securities commissioner or regulator of any state with respect thereto or any request by the Commission for amendments or
supplements to such Shelf Registration Statement or prospectus or for additional information, (C) of the issuance by the Commission of any stop order suspending the effectiveness of such Shelf Registration 

  

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Statement or the initiation or threatening of any proceedings for that purpose, (D) if at any time the representations and warranties of the Issuers set
forth in Section 5 cease to be true and correct in all material respects, (E) of the receipt by the Issuers of any notification with respect to the suspension of the qualification of the Registrable Securities for sale in any
jurisdiction or the initiation or threatening of any proceeding for such purpose, (F) the occurrence of any event that causes either of the Issuers to become an “ineligible issuer” as defined in Rule 405, or (G) if at any
time when a prospectus is required to be delivered under the Securities Act, that such Shelf Registration Statement, prospectus, prospectus amendment or supplement or post-effective amendment does not conform in all material respects to the
applicable requirements of the Securities Act and the Trust Indenture Act or contains an untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading
(in the case of any prospectus, in the light of the circumstances under which such statements were made); 
 (ix) use all
commercially reasonable efforts to obtain the withdrawal of any order suspending the effectiveness of such Shelf Registration Statement or any post-effective amendment thereto at the earliest practicable date; 
 (x) if requested by any Electing Holder, promptly incorporate in a prospectus supplement or post-effective amendment such information as
is required by the applicable rules and regulations of the Commission and as such Electing Holder reasonably specifies should be included therein relating to the terms of the sale of such Registrable Securities, including information with respect to
the principal amount of Registrable Securities being sold by such Electing Holder, the name and description of such Electing Holder, the offering price of such Registrable Securities and any discount, commission or other compensation payable in
respect thereof and with respect to any other material terms of the offering of the Registrable Securities to be sold by such Electing Holder; and make all required filings of such prospectus supplement or post-effective amendment promptly after
notification of the matters to be incorporated in such prospectus supplement or post-effective amendment; 
 (xi) furnish to
each Electing Holder and the counsel referred to in Section 3(d)(vi) an executed copy (or a conformed copy) of such Shelf Registration Statement, each such amendment and supplement thereto (in each case including all exhibits thereto (in
the case of an Electing Holder of Registrable Securities, upon request) and documents incorporated by reference therein) and such number of copies of such Shelf Registration Statement (excluding exhibits thereto and documents incorporated by
reference therein unless specifically so requested by such Electing Holder) and of the prospectus included in such Shelf Registration Statement (including each preliminary prospectus and any summary prospectus), in conformity in all material
respects with the applicable requirements of the Securities Act and the Trust Indenture Act to the extent such documents are not available through the Commission’s EDGAR System, and such other documents, as such Electing Holder may reasonably
request in order to facilitate the offering and disposition of the Registrable Securities owned by such Electing Holder and to permit such Electing Holder to satisfy the prospectus delivery requirements of the Securities Act; and subject
to Section 3(e), the Issuers hereby consent to the use of such prospectus (including such preliminary and summary prospectus) and any amendment or supplement thereto by each such Electing Holder (subject to any applicable Suspension
Period), in each case in the form most recently provided to such person by the Issuers, in connection 

  

 11 

 
with the offering and sale of the Registrable Securities covered by the prospectus (including such preliminary and summary prospectus) or any supplement or
amendment thereto; 
 (xii) use all commercially reasonable efforts to (A) register or qualify the Registrable
Securities to be included in such Shelf Registration Statement under such securities laws or blue sky laws of such jurisdictions as any Electing Holder shall reasonably request, (B) keep such registrations or qualifications in effect and comply
with such laws so as to permit the continuance of offers, sales and dealings therein in such jurisdictions during the period the Shelf Registration Statement is required to remain effective under Section 2(b) and for so long as may be
necessary to enable any such Electing Holder to complete its distribution of Registrable Securities pursuant to such Shelf Registration Statement, (C) take any and all other actions as may be reasonably necessary or advisable to enable each
such Electing Holder to consummate the disposition in such jurisdictions of such Registrable Securities and (D) obtain the consent or approval of each governmental agency or authority, whether federal, state or local, which may be required to
effect the Shelf Registration or the offering or sale in connection therewith or to enable the selling holder or holders to offer, or to consummate the disposition of, their Registrable Securities; provided, however, that none of the Issuers
or the Guarantors shall be required for any such purpose to (1) qualify as a foreign corporation in any jurisdiction wherein it would not otherwise be required to qualify but for the requirements of this Section 3(d)(xii),
(2) consent to general service of process in any such jurisdiction or become subject to taxation in any such jurisdiction or (3) make any changes to its certificate of incorporation or by-laws or other governing documents or any agreement
between it and its stockholders; 
 (xiii) unless any Registrable Securities shall be in book-entry only form, cooperate with
the Electing Holders to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be sold, which certificates, if so required by any securities exchange upon which any Registrable Securities are listed,
shall be printed, penned, lithographed, engraved or otherwise produced by any combination of such methods, on steel engraved borders, and which certificates shall not bear any restrictive legends; 
 (xiv) obtain a CUSIP number for all Registrable Securities that have been registered under the Securities Act, not later than the
applicable Effective Time; 
 (xv) notify in writing each holder of Registrable Securities of any proposal by the Issuers to
amend or waive any provision of this Agreement pursuant to Section 9(h) and of any amendment or waiver effected pursuant thereto, each of which notices shall contain the text of the amendment or waiver proposed or effected, as the case
may be; and 
 (xvi) comply with all applicable rules and regulations of the Commission, and make generally available to its
securityholders no later than 18 months after the Effective Time of such Shelf Registration Statement an “earning statement” of the Company and its subsidiaries complying with Section 11(a) of the Securities Act (including, at the
option of the Issuers, Rule 158 thereunder). 
  

 12 

 (e) In the event that the Issuers would be required, pursuant to
Section 3(d)(viii)(G), to notify the Electing Holders, the Issuers shall promptly prepare and furnish to each of the Electing Holders a reasonable number of copies of a prospectus supplemented or amended so that, as thereafter delivered
to purchasers of Registrable Securities, such prospectus shall conform in all material respects to the applicable requirements of the Securities Act and the Trust Indenture Act and shall not contain an untrue statement of a material fact or omit to
state a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which such statements were made, not misleading. Each Electing Holder agrees that upon receipt of any notice
from the Issuers pursuant to Section 3(d)(viii)(G), such Electing Holder shall forthwith discontinue the disposition of Registrable Securities pursuant to the Shelf Registration Statement applicable to such Registrable Securities until
such Electing Holder shall have received copies of such amended or supplemented prospectus, and if so directed by the Issuers, such Electing Holder shall deliver to the Issuers (at the Issuers’ expense) all copies, other than permanent file
copies, of the prospectus covering such Registrable Securities in such Electing Holder’s possession at the time of receipt of such notice. 
 (f) In the event of a Shelf Registration, in addition to the information required to be provided by each Electing Holder in its Notice and Questionnaire, the Issuers may require such Electing Holder to furnish to the
Issuers such additional information regarding such Electing Holder and such Electing Holder’s intended method of distribution of Registrable Securities as may be required in order to comply with the Securities Act. Each such Electing Holder
agrees to promptly notify the Issuers of any inaccuracy or change in information previously furnished by such Electing Holder to the Issuers or of the occurrence of any event in either case as a result of which any prospectus relating to such Shelf
Registration contains or would contain an untrue statement of a material fact regarding such Electing Holder or such Electing Holder’s intended method of disposition of such Registrable Securities or omits to state any material fact regarding
such Electing Holder or such Electing Holder’s intended method of disposition of such Registrable Securities required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances then existing,
and promptly to furnish to the Issuers any additional information required to correct and update any previously furnished information or required so that such prospectus shall not contain, with respect to such Electing Holder or the disposition of
such Registrable Securities, an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances then existing. 
 (g) Until the expiration of one year after the Closing Date, the Issuers will not, and will not permit any of their “affiliates”
(as defined in Rule 144) who are controlled by the Issuers to, resell any of the Securities that have been reacquired by any of them except pursuant to an effective registration statement, or a valid exemption from the registration
requirements, under the Securities Act. 
 (h) As a condition to its participation in the Exchange Offer, each holder of
Registrable Securities shall furnish, upon the request of the Issuers, a written representation to the Issuers (which may be contained in the letter of transmittal or “agent’s message” transmitted via The Depository Trust
Company’s Automated Tender Offer Procedures, in either case contemplated by the Exchange Registration Statement) to the effect that (A) it is not an “affiliate” of either of the Issuers, as defined in Rule 405 of the
Securities Act, or if it is such an “affiliate”, it will comply with the registration and prospectus delivery requirements of the Securities Act to the extent applicable, (B) it is not engaged in, and does not intend to engage in, and
has no arrangement or understanding with any person to participate in, a distribution of the Exchange Securities to be issued in the Exchange Offer, (C) it is acquiring the Exchange Securities in its ordinary course of business, (D) if it
is a Broker-Dealer that holds Securities 

  

 13 

 
that were acquired for its own account as a result of market-making activities or other trading activities (other than Securities acquired directly from
either of the Issuers or any of their affiliates), it will deliver a prospectus meeting the requirements of the Securities Act in connection with any resales of the Exchange Securities received by it in the Exchange Offer, (E) if it is a
Broker-Dealer, that it did not purchase the Securities to be exchanged in the Exchange Offer from either of the Issuers or any affiliate thereof, and (F) it is not acting on behalf of any person who could not truthfully and completely make the
representations contained in the foregoing subclauses (A) through (E). 
 4. Registration Expenses. 
 The Issuers agree to bear and to pay or cause to be paid promptly all expenses incident to the Issuers’ and the Guarantors’ performance of or
compliance with this Agreement, including (a) all Commission and any FINRA registration, filing and review fees and expenses including reasonable fees and disbursements of counsel for the Eligible Holders in connection with such registration,
filing and review, (b) all fees and expenses in connection with the qualification of the Registrable Securities and the Exchange Securities, as applicable, for offering and sale under state securities and blue sky laws referred to in
Section 3(d)(xii) and determination of their eligibility for investment under the laws of such jurisdictions as the Electing Holders may designate, including any reasonable fees and disbursements of counsel for the Electing Holders in
connection with such qualification and determination, (c) all expenses relating to the preparation, printing, production, distribution and reproduction of each registration statement required to be filed hereunder, each prospectus included
therein or prepared for distribution pursuant hereto, each amendment or supplement to the foregoing, the expenses of preparing the Securities or Exchange Securities, as applicable, for delivery and the expenses of printing or producing any selling
agreements and blue sky or legal investment memoranda and all other documents in connection with the offering, sale or delivery of Securities or Exchange Securities, as applicable, to be disposed of (including certificates representing the
Securities or Exchange Securities, as applicable), (d) messenger, telephone and delivery expenses relating to the offering, sale or delivery of Securities or Exchange Securities, as applicable, and the preparation of documents referred in
subsection (c) above, (e) fees and expenses of the Trustee under the Indenture, any agent of the Trustee and any counsel for the Trustee and of any collateral agent or custodian, including the Collateral Trustee, (f) internal
expenses (including all salaries and expenses of the Issuers’ officers and employees performing legal or accounting duties), (g) reasonable fees, disbursements and expenses of counsel and independent certified public accountants of the
Issuers, (h) reasonable fees, disbursements and expenses of one counsel and any local counsel for all the Electing Holders retained in connection with a Shelf Registration, as selected by the Electing Holders of at least a majority in aggregate
principal amount of the Registrable Securities held by Electing Holders (which counsel shall be reasonably satisfactory to the Issuers), (i) any fees charged by securities rating services for rating the Registrable Securities or the Exchange
Securities, as applicable, and (j) fees, expenses and disbursements of any other persons, including special experts, retained by the Issuers in connection with such registration (collectively, the “Registration
Expenses”). To the extent that any Registration Expenses are incurred, assumed or paid by any holder of Registrable Securities, Securities or Exchange Securities, as applicable, the Issuers shall reimburse such person for the full
amount of the Registration Expenses so incurred, assumed or paid promptly after receipt of a request therefor and supporting documentation. Notwithstanding the foregoing, the holders of the Registrable Securities being registered shall pay all
agency fees and commissions and underwriting discounts and commissions, if any, and transfer taxes, if any, attributable to the sale of such Registrable Securities and Exchange Securities, as applicable, and the fees and disbursements of any counsel
or other advisors or experts retained by such holders (severally or jointly), other than the counsel and experts specifically referred to above. 
  

 14 

 5. Representations and Warranties. 
 Each of the Issuers and each Guarantor, jointly and severally, represents and warrants to, and agrees with, each Purchaser and each of the holders from
time to time of Registrable Securities that: 
 (a) Each registration statement covering Registrable Securities, Securities or
Exchange Securities, as applicable, and each prospectus (including any preliminary or summary prospectus) contained therein or furnished pursuant to Section 3(c) or Section 3(d) and any further amendments or supplements to
any such registration statement or prospectus, when it becomes effective or is filed with the Commission, as the case may be, will conform in all material respects to the requirements of the Securities Act and the Trust Indenture Act and will not
contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading; and at all times subsequent to the Effective Time when a prospectus would be
required to be delivered under the Securities Act, other than (i) from (A) such time as a notice has been given to holders of Registrable Securities pursuant to Section 3(c)(iii)(G) or Section 3(d)(viii)(G) until
(B) such time as the Issuers furnish an amended or supplemented prospectus pursuant to Section 3(c)(iv) or Section 3(e), or (ii) during any applicable Suspension Period, each such registration statement, and each
prospectus (including any summary prospectus) contained therein or furnished pursuant to Section 3(c) or Section 3(d), as then amended or supplemented, will conform in all material respects to the requirements of the
Securities Act and the Trust Indenture Act and will not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading (in the case of any
prospectus, in the light of the circumstances under which such statements were made); provided, however, that this representation and warranty shall not apply to any statements or omissions made in reliance upon and in conformity with
information furnished in writing to the Issuers by a holder of Registrable Securities expressly for use therein. 
 (b) Any
documents incorporated by reference in any prospectus referred to in Section 5(a), when they become or became effective or are or were filed with the Commission, as the case may be, will conform or conformed in all material respects to
the requirements of the Securities Act or the Exchange Act, as applicable, and none of such documents will contain or contained an untrue statement of a material fact or will omit or omitted to state a material fact required to be stated therein or
necessary to make the statements therein, in the light of the circumstances under which such statements were made, not misleading; provided, however, that this representation and warranty shall not apply to any statements or omissions
made in reliance upon and in conformity with information furnished in writing to the Issuers by a holder of Registrable Securities expressly for use therein. 
 (c) The compliance by the Issuers with all of the provisions of this Agreement and the consummation of the transactions herein
contemplated will not (i) conflict with or result in a breach or violation of any of the terms or provisions of, or constitute a default under any indenture, mortgage, deed of trust, loan or credit agreement, note, contract, lease or other
agreement or instrument to which the Company or any of its subsidiaries is a party or by which the Company or any of its subsidiaries is bound or to which any of the properties or assets of the Company or any of its subsidiaries is subject,
(ii) result in any violation of the provisions of the charter, by-laws or similar organizational documents, as amended, of the Issuers or any of the 

  

 15 

 
Guarantors or (iii) result in any violation of the provisions of any statute or any order, rule or regulation of any court or governmental agency or
body having jurisdiction over the Company or any of its subsidiaries or any of their properties, except, in the case of clauses (i) or (iii) above, as would not, individually and in the aggregate, result in any material
adverse change, or any development that would reasonably be expected to result in a material adverse change, in or affecting the business, properties, financial condition or results of operations of the Company and its subsidiaries, taken as a
whole. No consent, approval, authorization, order, registration or qualification of or with any such court or governmental agency or body is required for the consummation by the Issuers and the Guarantors of the transactions contemplated by this
Agreement, except for (i) the registration under the Securities Act of the Registrable Securities and the Exchange Securities, as applicable, and qualification of the Indenture under the Trust Indenture Act, (y) such consents, approvals,
authorizations, registrations or qualifications as may be required under state securities or blue sky laws in connection with the offering and distribution of the Registrable Securities and the Exchange Securities, as applicable, and (v) such
consents, approvals, authorizations, registrations or qualifications that have been obtained and are in full force and effect as of the date of this Agreement. 
 (d) This Agreement has been duly authorized, executed and delivered by the Issuers and by the Guarantors. 
 6. Indemnification and Contribution. 
 (a) Indemnification by each of the Issuers and each Guarantor. Each of the Issuers and each Guarantor, jointly and severally, will indemnify and hold harmless each of the holders of Registrable Securities
included in an Exchange Registration Statement and each of the Electing Holders as holders of Registrable Securities included in a Shelf Registration Statement against any losses, claims, damages or liabilities, joint or several, to which such
holder or such Electing Holder may become subject under the Securities Act or otherwise, insofar as such losses, claims, damages or liabilities (or actions in respect thereof) arise out of or are based upon an untrue statement or alleged untrue
statement of a material fact contained in any Exchange Registration Statement or any Shelf Registration Statement, as the case may be, under which such Registrable Securities or Exchange Securities were registered under the Securities Act, or any
preliminary, final or summary prospectus (including, without limitation, any “issuer free writing prospectus” as defined in Rule 433) contained therein or furnished by the Issuers to any such holder or any such Electing Holder, or any
amendment or supplement thereto, or arise out of or are based upon the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, and will reimburse each
such holder and each such Electing Holder for any and all legal or other expenses reasonably incurred by them in connection with investigating or defending any such action or claim as such expenses are incurred; provided, however, that none
of the Issuers or the Guarantors shall be liable to any such person in any such case to the extent that any such loss, claim, damage or liability arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged
omission made in such registration statement, or preliminary, final or summary prospectus (including, without limitation, any “issuer free writing prospectus” as defined in Rule 433), or amendment or supplement thereto, in reliance
upon and in conformity with written information furnished to the Issuers by such person expressly for use therein. 
 (b)
Indemnification by the Electing Holders. The Issuers may require, as a condition to including any Registrable Securities in any Shelf Registration Statement filed pursuant to Section 2(b), that the Issuers shall have received an
undertaking reasonably satisfactory to it from each Electing Holder of Registrable Securities included in such Shelf Registration Statement, severally 

  

 16 

 
and not jointly, to (i) indemnify and hold harmless the Issuers, the Guarantors and all other Electing Holders of Registrable Securities included in
such Shelf Registration Statement, against any losses, claims, damages or liabilities to which the Issuers, the Guarantors or such other Electing Holders may become subject, under the Securities Act or otherwise, insofar as such losses, claims,
damages or liabilities (or actions in respect thereof) arise out of or are based upon an untrue statement or alleged untrue statement of a material fact contained in such registration statement, or any preliminary, final or summary prospectus
(including, without limitation, any “issuer free writing prospectus” as defined in Rule 433) contained therein or furnished by the Issuers to any Electing Holder, or any amendment or supplement thereto, or arise out of or are based
upon the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, in each case to the extent, but only to the extent, that such untrue statement or
alleged untrue statement or omission or alleged omission was made in reliance upon and in conformity with written information furnished to the Issuers by such Electing Holder expressly for use therein, and (ii) reimburse the Issuers and the
Guarantors for any legal or other expenses reasonably incurred by the Issuers and the Guarantors in connection with investigating or defending any such action or claim as such expenses are incurred; provided, however, that no such Electing
Holder shall be required to undertake liability to any person under this Section 6(b) for any amounts in excess of the dollar amount of the proceeds to be received by such Electing Holder from the sale of such Electing Holder’s
Registrable Securities pursuant to such registration. 
 (c) Notices of Claims, Etc. Promptly after receipt by an
indemnified party under subsection (a) or (b) above of written notice of the commencement of any action, such indemnified party shall, if a claim in respect thereof is to be made against an indemnifying party pursuant to the
indemnification provisions of or contemplated by this Section 6, notify such indemnifying party in writing of the commencement of such action; but the omission so to notify the indemnifying party shall not relieve it from any liability
which it may have to any indemnified party otherwise than under the indemnification provisions of or contemplated by Section 6(a) or Section 6(b). In case any such action shall be brought against any indemnified party and it
shall notify the indemnifying party of the commencement thereof, the indemnifying party shall be entitled to participate therein and, to the extent that it shall wish, jointly with any other indemnifying party similarly notified, to assume the
defense thereof, with counsel reasonably satisfactory to such indemnified party (who shall not, except with the consent of the indemnified party, be counsel to the indemnifying party), and, after notice from the indemnifying party to such
indemnified party of its election so to assume the defense thereof, the indemnifying party shall not be liable to such indemnified party under such subsection for any legal expenses of other counsel or any other expenses, in each case subsequently
incurred by such indemnified party, in connection with the defense thereof other than reasonable costs of investigation. 
 (d) Contribution. If for any reason the indemnification provisions contemplated by Section 6(a) or Section 6(b) are unavailable to or insufficient to hold harmless an indemnified party in respect of any
losses, claims, damages or liabilities (or actions in respect thereof) referred to therein, then each indemnifying party shall contribute to the amount paid or payable by such indemnified party as a result of such losses, claims, damages or
liabilities (or actions in respect thereof) in such proportion as is appropriate to reflect the relative fault of the indemnifying party and the indemnified party in connection with the statements or omissions which resulted in such losses, claims,
damages or liabilities (or actions in respect thereof), as well as any other relevant equitable considerations. The relative fault of such indemnifying party and indemnified party shall be determined by reference to, among other things, whether the
untrue or alleged untrue statement of a material fact or omission or 

  

 17 

 
alleged omission to state a material fact relates to information supplied by such indemnifying party or by such indemnified party, and the parties’
relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. The parties hereto agree that it would not be just and equitable if contributions pursuant to this Section 6(d) were
determined by pro rata allocation (even if the holders were treated as one entity for such purpose) or by any other method of allocation which does not take account of the equitable considerations referred to in this Section 6(d).
The amount paid or payable by an indemnified party as a result of the losses, claims, damages, or liabilities (or actions in respect thereof) referred to above shall be deemed to include any legal or other fees or expenses reasonably incurred by
such indemnified party in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this Section 6(d), no Electing Holder shall be required to contribute any amount in excess of the amount by
which the dollar amount of the proceeds received by such holder from the sale of any Registrable Securities (after deducting any fees, discounts and commissions applicable thereto) exceeds the amount of any damages which such holder has otherwise
been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to
contribution from any person who was not guilty of such fraudulent misrepresentation. The holders’ obligations in this Section 6(d) to contribute shall be several in proportion to the principal amount of Registrable Securities
registered by them and not joint. 
 (e) The obligations of the Issuers and the Guarantors under this Section 6
shall be in addition to any liability which the Issuers or the Guarantors may otherwise have and shall extend, upon the same terms and conditions, to each officer, director and partner of each holder, each Electing Holder and each person, if any,
who controls any of the foregoing within the meaning of the Securities Act. The obligations of the holders and the Electing Holders contemplated by this Section 6 shall be in addition to any liability which the respective holder or
Electing Holder may otherwise have and shall extend, upon the same terms and conditions, to each officer and director of either of the Issuers or the Guarantors (including any person who, with his consent, is named in any registration statement as
about to become a director of either of the Issuers or any Guarantor) and to each person, if any, who controls either of the Issuers within the meaning of the Securities Act, as well as to each officer and director of the other holders and to each
person, if any, who controls such other holders within the meaning of the Securities Act. 
 7. Underwritten Offerings. 
 Each holder of Registrable Securities hereby agrees with the Issuers and each other such holder that no holder of Registrable Securities may participate
in any underwritten offering hereunder unless (a) the Issuers give their prior written consent to such underwritten offering, (b) the managing underwriter or underwriters thereof shall be designated by Electing Holders holding at least a
majority in aggregate principal amount of the Registrable Securities to be included in such offering, provided that such designated managing underwriter or underwriters is or are reasonably acceptable to the Issuers, (c) each holder of
Registrable Securities participating in such underwritten offering agrees to sell such holder’s Registrable Securities on the basis provided in any underwriting arrangements approved by the persons entitled selecting the managing underwriter or
underwriters hereunder and (d) each holder of Registrable Securities participating in such underwritten offering completes and executes all questionnaires, powers of attorney, indemnities, underwriting agreements and other documents reasonably
required under the terms of such underwriting arrangements. 
  

 18 

 8. Rule 144. 
 (a) Facilitation of Sales Pursuant to Rule 144. The Issuers covenant to the holders of Registrable Securities that to the extent
they shall be required to do so under the Exchange Act, the Issuers shall timely file the reports required to be filed by it under the Exchange Act or the Securities Act (including the reports under Sections 13 and 15(d) of the Exchange Act
referred to in subparagraph (c)(1) of Rule 144), and shall take such further action as any holder of Registrable Securities may reasonably request, all to the extent required from time to time to enable such holder to sell Registrable
Securities without registration under the Securities Act within the limitations of the exemption provided by Rule 144. Upon the request of any holder of Registrable Securities in connection with that holder’s sale pursuant to
Rule 144, the Issuers shall deliver to such holder a written statement as to whether they has complied with such requirements. 
 (b) Availability of Rule 144 Not Excuse for Obligations under Section 2. The fact that holders of Registrable Securities may become eligible to sell such Registrable Securities pursuant to Rule 144 shall not (1) cause such
Securities to cease to be Registrable Securities or (2) excuse the Issuers’ and the Guarantors’ obligations set forth in Section 2 of this Agreement, including without limitation the obligations in respect of an Exchange
Offer, Shelf Registration and Special Interest. 
 9. Miscellaneous. 
 (a) No Inconsistent Agreements. The Issuers represent, warrant, covenant and agree that they have not granted, and shall not grant,
registration rights with respect to Registrable Securities, Exchange Securities or Securities, as applicable, or any other securities which would be inconsistent with the terms contained in this Agreement. 
 (b) Specific Performance. The parties hereto acknowledge that there would be no adequate remedy at law if the Issuers fail to
perform any of their obligations hereunder and that the Purchasers and the holders from time to time of the Registrable Securities may be irreparably harmed by any such failure, and accordingly agree that the Purchasers and such holders, in addition
to any other remedy to which they may be entitled at law or in equity, shall be entitled to compel specific performance of the obligations of the Issuers under this Agreement in accordance with the terms and conditions of this Agreement, in any
court of the United States or any State thereof having jurisdiction. Time shall be of the essence in this Agreement. 
 (c)
Notices. All notices, requests, claims, demands, waivers and other communications hereunder shall be in writing and shall be deemed to have been duly given when delivered by hand, if delivered personally, by facsimile or by courier, or three
days after being deposited in the mail (registered or certified mail, postage prepaid, return receipt requested) as follows: If to the Issuers, to them at: 
 Solo Cup Company 
 1700 Old Deerfield Road 
 Highland Park, Illinois 60035 
 Facsimile:
(847) 831-5849 
 Attention: Chief Financial Officer 
  

 19 

 with a copy to: 
 Skadden, Arps, Slate, Meagher & Flom LLP 
 155 North Wacker Drive 
 Chicago, Illinois 60606 
 Facsimile:
(312) 407-0411 
 Attention: Brian W. Duwe, Esq. 
 and 
 Skadden, Arps, Slate, Meagher & Flom LLP 
 300 South Grand Avenue, Suite 3400 
 Los
Angeles, California 90071 
 Facsimile: (213) 687-5600 
 Attention: Gregg A. Noel, Esq. 
 and, if to a holder, to the address of such holder set forth in the
security register or other records of the Issuers, or to such other address as the Issuers or any such holder may have furnished to the other in writing in accordance herewith, except that notices of change of address shall be effective only upon
receipt. 
 (d) Parties in Interest. All the terms and provisions of this Agreement shall be binding upon, shall inure
to the benefit of and shall be enforceable by the parties hereto, the holders from time to time of the Registrable Securities and the respective successors and assigns of the foregoing. In the event that any transferee of any holder of Registrable
Securities shall acquire Registrable Securities, in any manner, whether by gift, bequest, purchase, operation of law or otherwise, such transferee shall, without any further writing or action of any kind, be deemed a beneficiary hereof for all
purposes and such Registrable Securities shall be held subject to all of the terms of this Agreement, and by taking and holding such Registrable Securities such transferee shall be entitled to receive the benefits of, and be conclusively deemed to
have agreed to be bound by all of the applicable terms and provisions of this Agreement. If the Issuers shall so request, any such successor, assign or transferee shall agree in writing to acquire and hold the Registrable Securities subject to all
of the applicable terms hereof. 
 (e) Survival. The respective indemnities, agreements, representations, warranties
and each other provision set forth in this Agreement or made pursuant hereto shall remain in full force and effect regardless of any investigation (or statement as to the results thereof) made by or on behalf of any holder of Registrable Securities,
any director, officer or partner of such holder, or any controlling person of any of the foregoing, and shall survive delivery of and payment for the Registrable Securities pursuant to the Purchase Agreement, the transfer and registration of
Registrable Securities by such holder and the consummation of an Exchange Offer. 
  

 20 

 (f) Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of New York. 
 (g) Headings. The descriptive headings of the several
Sections and paragraphs of this Agreement are inserted for convenience only, do not constitute a part of this Agreement and shall not affect in any way the meaning or interpretation of this Agreement. 
 (h) Entire Agreement; Amendments. This Agreement and the other writings referred to herein (including the Indenture and the form of
Securities) or delivered pursuant hereto which form a part hereof contain the entire understanding of the parties with respect to its subject matter. This Agreement supersedes all prior agreements and understandings between the parties with respect
to its subject matter. This Agreement may be amended and the observance of any term of this Agreement may be waived (either generally or in a particular instance and either retroactively or prospectively) only by a written instrument duly executed
by the Issuers and the holders of at least a majority in aggregate principal amount of the Registrable Securities at the time outstanding. Each holder of any Registrable Securities at the time or thereafter outstanding shall be bound by any
amendment or waiver effected pursuant to this Section 9(h), whether or not any notice, writing or marking indicating such amendment or waiver appears on such Registrable Securities or is delivered to such holder. 
 (i) Inspection. For so long as this Agreement shall be in effect, this Agreement and a complete list of the names and addresses of
all the record holders of Registrable Securities shall be made available for inspection and copying on any Business Day by any holder of Registrable Securities for proper purposes only (which shall include any purpose related to the rights of the
holders of Registrable Securities under the Securities, the Indenture and this Agreement) at the offices of the Issuers at the address thereof set forth in Section 9(c) and at the office of the Trustee under the Indenture. 
 (j) Counterparts. This Agreement may be executed by the parties in counterparts, each of which shall be deemed to be an original,
but all such respective counterparts shall together constitute one and the same instrument. 
 (k) Severability. If any
provision of this Agreement, or the application thereof in any circumstance, is held to be invalid, illegal or unenforceable in any respect for any reason, the validity, legality and enforceability of such provision in every other respect and of the
remaining provisions contained in this Agreement shall not be affected or impaired thereby. 
  

 21 

 If the foregoing is in accordance with your understanding, please sign and return to us one for the
Issuers and the Guarantors and each of the Purchasers plus one for each counsel counterparts hereof, and upon the acceptance hereof by you, on behalf of each of the Purchasers, this letter and such acceptance hereof shall constitute a binding
agreement between each of the Purchasers, the Guarantors and the Issuers. It is understood that your acceptance of this letter on behalf of each of the Purchasers is pursuant to the authority set forth in a form of Agreement among Purchasers, the
form of which shall be submitted to the Issuers for examination upon request, but without warranty on your part as to the authority of the signers thereof. 
  

			
	Very truly yours,
	
	ISSUERS:
	
	SOLO CUP COMPANY
		
	By:	 	 /s/ Robert M. Korzenski

	Name:	 	Robert M. Korzenski
	Title:	 	President & CEO
	
	SOLO CUP OPERATING CORPORATION
		
	By:	 	 /s/ Robert D. Koney, Jr.

	Name:	 	Robert D. Koney, Jr.
	Title:	 	CFO and EVP
	
	SUBSIDIARY GUARANTORS:
	
	SF HOLDINGS GROUP, INC.
		
	By:	 	 /s/ Richard Hernke

	Name:	 	Richard Hernke
	Title:	 	Treasurer
	
	SOLO MANUFACTURING LLC
		
	By:	 	 /s/ Richard Hernke

	Name:	 	Richard Hernke
	Title:	 	Treasurer

  

 Registration Rights Agreement 

			
	P. R. SOLO CUP, INC.
		
	By:	 	 /s/ Jan Stern Reed

	Name:	 	Jan Stern Reed
	Title:	 	Vice President & Secretary
	
	SOLO CUP (UK) LIMITED
		
	By:	 	 /s/ Robert M. Korzenski

	Name:	 	Robert M. Korzenski
	Title:	 	Director
	
	INSULPAK HOLDINGS LIMITED
		
	By:	 	 /s/ Robert M. Korzenski

	Name:	 	Robert M. Korzenski
	Title:	 	Director
	
	SOLO CUP EUROPE LIMITED
		
	By:	 	 /s/ Robert M. Korzenski

	Name:	 	Robert M. Korzenski
	Title:	 	Director
	
	LILY-CANADA HOLDING CORPORATION
		
	By:	 	 /s/ Jan Stern Reed

	Name:	 	Jan Stern Reed
	Title:	 	Vice President & Secretary
	
	SOLO CUP OWINGS MILLS HOLDINGS
		
	By:	 	 Solo Cup Operating Corporation,
 as sole beneficial
owner

		
	By:	 	 /s/ Jan Stern Reed

	Name:	 	Jan Stern Reed
	Title:	 	EVP - HR, General Counsel & Secretary

  

 Registration Rights Agreement 

			
	Accepted as of the date hereof:
	
	GOLDMAN, SACHS & CO.
		
	By:	 	 /s/ Goldman, Sachs & Co.

		 	(Goldman, Sachs & Co.)
	
	BANC OF AMERICA SECURITIES LLC
		
	By:	 	 /s/ Adam Cady

	Name:	 	Adam Cady
	Title:	 	Managing Director
	
	WACHOVIA CAPITAL MARKETS, LLC
		
	By:	 	 /s/ Jeffrey M. Foley

	Name:	 	Jeffrey M. Foley
	Title:	 	Managing Director

  

 Registration Rights Agreement 

 EXHIBIT A 
 Solo Cup Company 
 Solo Cup Operating Corporation 
 INSTRUCTION TO DTC PARTICIPANTS 
 (Date of Mailing) 
 URGENT - IMMEDIATE ATTENTION REQUESTED 
 DEADLINE FOR RESPONSE: [DATE] * 
 The Depository Trust Company
(“DTC”) has identified you as a DTC Participant through which beneficial interests in 10.5% Senior Secured Notes due 2013 (the “Securities”) jointly issued by Solo Cup Company, a Delaware corporation
(the “Company”), and Solo Cup Operating Corporation, a Delaware corporation (together with the Company, collectively, the “Issuers”) are held. 
 The Issuers are in the process of registering the Securities under the Securities Act of 1933, as amended, for resale by the beneficial owners thereof. In order to have
their Securities included in the registration statement, beneficial owners must complete and return the enclosed Notice of Registration Statement and Selling Securityholder Questionnaire. 
 It is important that beneficial owners of the Securities receive a copy of the enclosed materials as soon as possible as their rights to have the Securities
included in the registration statement depend upon their returning the Notice and Questionnaire by [Deadline For Response]. Please forward a copy of the enclosed documents to each beneficial owner that holds interests in the Securities
through you. If you require more copies of the enclosed materials or have any questions pertaining to this matter, please contact the Issuers at: 
 Solo Cup Company 
 1700 Old Deerfield Road 
 Highland Park, Illinois 60035 
 Facsimile: (847) 831-5849 
 Attention: Chief Financial Officer 
  

	*	Not less than 28 calendar days from date of mailing. 

 Exh.
A 

 EXHIBIT A 
  

Solo Cup Company 
 Solo Cup
Operating Corporation 
 Notice of Registration Statement 
 and 
 Selling Securityholder Questionnaire 
 (Date) 
 Reference is hereby made to the Exchange and Registration Rights Agreement (the
“Exchange and Registration Rights Agreement”), among Solo Cup Company, a Delaware corporation (the “Company”), and Solo Cup Operating Corporation, a Delaware corporation (together with the
Company, collectively, the “Issuers”), the Guarantors listed on the signature pages thereto and the Purchasers named therein. Pursuant to the Exchange and Registration Rights Agreement, the Issuers have filed or will file
with the United States Securities and Exchange Commission (the “Commission”) a registration statement on Form [    ] (the “Shelf Registration Statement”) for the
registration and resale under Rule 415 of the Securities Act of 1933, as amended (the “Securities Act”), of the Issuers’ 10.5% Senior Secured Notes due 2013 (the “Securities”). A copy of the
Exchange and Registration Rights Agreement has been filed as an exhibit to the Shelf Registration Statement and can be obtained from the Commission’s website at www.sec.gov. All capitalized terms not otherwise defined herein shall have
the meanings ascribed thereto in the Exchange and Registration Rights Agreement. 
 Each beneficial owner of Registrable Securities (as defined below) is
entitled to have the Registrable Securities beneficially owned by it included in the Shelf Registration Statement. In order to have Registrable Securities included in the Shelf Registration Statement, this Notice of Registration Statement and
Selling Securityholder Questionnaire (“Notice and Questionnaire”) must be completed, executed and delivered to the Issuers’ counsel at the address set forth herein for receipt ON OR BEFORE [Deadline for Response].
Beneficial owners of Registrable Securities who do not properly complete, execute and return this Notice and Questionnaire by such date (i) will not be named as selling securityholders in the Shelf Registration Statement and (ii) may not
use the Prospectus forming a part thereof for resales of Registrable Securities. 
 Certain legal consequences arise from being named as a selling
securityholder in the Shelf Registration Statement and related Prospectus. Accordingly, holders and beneficial owners of Registrable Securities are advised to consult their own securities law counsel regarding the consequences of being named or not
being named as a selling securityholder in the Shelf Registration Statement and related Prospectus. 
 The term “Registrable
Securities” is defined in the Exchange and Registration Rights Agreement. 
 Exh. A 

 EXHIBIT A 
  

ELECTION 
 The undersigned holder (the “Selling
Securityholder”) of Registrable Securities hereby elects to include in the Shelf Registration Statement the Registrable Securities beneficially owned by it and listed below in Item (3). The undersigned, by signing and returning
this Notice and Questionnaire, agrees to be bound with respect to such Registrable Securities by the terms and conditions of this Notice and Questionnaire and the Exchange and Registration Rights Agreement, including, without limitation,
Section 6 of the Exchange and Registration Rights Agreement, as if the undersigned Selling Securityholder were an original party thereto. 
 Pursuant to
the Exchange and Registration Rights Agreement, the undersigned has agreed to indemnify and hold harmless the Issuers, their officers who sign any Shelf Registration Statement, and each person, if any, who controls either of the Issuers within the
meaning of either Section 15 of the Securities Act or Section 20 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), against certain loses arising out of an untrue statement, or the alleged
untrue statement, of a material fact in the Shelf Registration Statement or the related prospectus or the omission, or alleged omission, to state a material fact required to be stated in such Shelf Registration Statement or the related prospectus,
but only to the extent such untrue statement or omission, or alleged untrue statement or omission, was made in reliance on and in conformity with the information provided in this Notice and Questionnaire. 
 Upon any sale of Registrable Securities pursuant to the Shelf Registration Statement, the Selling Securityholder will be required to deliver to the Issuers and Trustee
the Notice of Transfer set forth in Appendix A to the Prospectus and as Exhibit B to the Exchange and Registration Rights Agreement. 
 Exh. A 
  

 EXHIBIT A 
  

The Selling Securityholder hereby provides the following information to the Issuers and represents and warrants that such information is accurate and complete:

 QUESTIONNAIRE 
  

					
	 (1)
	 	(a)	  	Full legal name of Selling Securityholder:
		 		  	  

			
		 	 (b)
	  	Full legal name of registered Holder (if not the same as in (a) above) of Registrable Securities listed in Item (3) below:
		 		  	  

			
		 	 (c)
	  	Full legal name of DTC Participant (if applicable and if not the same as (b) above) through which Registrable Securities listed in Item (3) below are held:
		 		  	  

		 		  	
	 (2)
	 	Address for notices to Selling Securityholder:
			
		 		  	                                       
                                         
                                         
                            
			
		 		  	                                       
                                         
                                         
                            
			
		 		  	                                       
                                         
                                         
                            
			
		 		  	Telephone:
                                         
                                         
                                         
     
			
		 		  	Fax:
                                         
                                         
                                         
                  
			
		 		  	Contact Person:
                                         
                                         
                                      
			
		 		  	E-mail for Contact Person:
                                         
                                         
                    
		
	 (3)
	 	 Beneficial Ownership of Securities:

			
		 		  	Except as set forth below in this Item (3), the undersigned does not beneficially own any Securities.
			
		 	 (a)
	  	 Principal amount of Registrable Securities beneficially
owned:                                        
                                         
                    
 CUSIP No(s). of such Registrable
Securities:                                       
                                         
                                         
        

			
		 	 (b)
	  	 Principal amount of Securities other than Registrable Securities beneficially
owned:                                        
                     
 CUSIP No(s). of such other
Securities:                                       
                                         
                                         
                

			
		 	 (c)
	  	Principal amount of Registrable Securities that the undersigned wishes to be included in the Shelf Registration
Statement:                                       
                                         
                                         
                                         
                       
		 		  	CUSIP No(s). of such Registrable Securities to be included in the Shelf Registration
Statement:                                       
          
		
	 (4)
	 	 Beneficial Ownership of Other Securities of the Issuers:

			
		 		  	Except as set forth below in this Item (4), the undersigned Selling Securityholder is not the beneficial or registered owner of any other securities of the Issuers, other than the
Securities listed above in Item (3).
			
		 		  	State any exceptions here:
			
		 		  	  

			
		 		  	  

			
		 		  	  

 Exh. A 

 EXHIBIT A 
  

	(5)	Individuals who exercise dispositive powers with respect to the Securities: 

 If the Selling Securityholder is not an entity that is required to file reports with the Commission pursuant to Section 13 or 15(d) of the Exchange Act (a “Reporting Company”), then the
Selling Securityholder must disclose the name of the natural person(s) who exercise sole or shared dispositive powers with respect to the Securities. Selling Securityholders should disclose the beneficial holders, not nominee holders or other such
others of record. In addition, the Commission has provided guidance that Rule 13d-3 of the Securities Exchange Act of 1934 should be used by analogy when determining the person or persons sharing voting and/or dispositive powers with respect to
the Securities. 
  

	 	(a)	Is the holder a Reporting Company? 

 Yes
                                        
             No                      
 If “No”, please answer Item (5)(b). 
  

	 	(b)	List below the individual or individuals who exercise dispositive powers with respect to the Securities: 

                                        
                                         
                                         
                                         
                                       
                                        
                                         
                                         
                                         
                                       
                                        
                                         
                                         
                                         
                                       
 Please note that the names of the persons listed in (b) above will be included in the Shelf Registration Statement and related
Prospectus. 
  

	(6)	Relationships with the Issuers: 

 Except as set forth
below, neither the Selling Securityholder nor any of its affiliates, officers, directors or principal equity holders (5% or more) has held any position or office or has had any other material relationship with either of the Issuers (or its
predecessors or affiliates) during the past three years. 
 State any exceptions here: 
                                        
                                         
                                         
                                         
                                       
                                        
                                         
                                         
                                         
                                       
                                        
                                         
                                         
                                         
                                       
  

	(7)	Plan of Distribution: 

 Except as set forth below, the
undersigned Selling Securityholder intends to distribute the Registrable Securities listed above in Item (3) only as follows (if at all): Such Registrable Securities may be sold from time to time directly by the undersigned Selling
Securityholder. Such Registrable Securities may be sold in one or more transactions at fixed prices, at prevailing market prices at the time of sale, at varying prices determined at the time of sale, or at negotiated prices. Such sales may be
effected in transactions (which may involve crosses or block transactions) (i) on any national securities exchange or quotation service on which the Registered Securities may be listed or quoted at the time of sale, (ii) in the
over-the-counter market, (iii) in transactions otherwise than on such exchanges or services or in the over-the-counter market, or (iv) through the writing of options. In connection with sales of the Registrable Securities or
otherwise, the 

  

 Exh. A 

 EXHIBIT A 
  

Selling Securityholder may enter into hedging transactions with Broker-Dealers, which may in turn engage in short sales of the Registrable
Securities in the course of hedging the positions they assume. The Selling Securityholder may also sell Registrable Securities short and deliver Registrable Securities to close out such short positions, or loan or pledge Registrable Securities to
Broker-Dealers that in turn may sell such securities. 
 State any exceptions here: 
                                        
                                         
                                         
                                         
                                       
                                        
                                         
                                         
                                         
                                       
                                        
                                         
                                         
                                         
                                       
 Note: In no event may such method(s) of distribution take the form of an underwritten offering of Registrable Securities without the prior written
agreement of the Issuers. 
  

	(8)	Broker-Dealers: 

 The Commission requires that all
Selling Securityholders that are registered Broker-Dealers or affiliates of registered Broker-Dealers be so identified in the Shelf Registration Statement. In addition, the Commission requires that all Selling Securityholders that are registered
Broker-Dealers be named as underwriters in the Shelf Registration Statement and related Prospectus, even if they did not receive the Registrable Securities as compensation for underwriting activities. 
  

	 	(a)	State whether the undersigned Selling Securityholder is a registered Broker-Dealer: 

 Yes
                                        
             No                      
  

	 	(b)	If the answer to (a) is “Yes”, you must answer (i) and (ii) below, and (iii) below if applicable. Your answers to (i) and (ii) below,
and (iii) below if applicable, will be included in the Shelf Registration Statement and related Prospectus. 

  

	 	(i)	Were the Securities acquired as compensation for underwriting activities? 

 Yes
                                        
             No                      
 If you answered “Yes”, please provide a brief description of the transaction(s) in which the Securities were acquired as compensation:

                                        
                                         
                                         
                                         
                                       
                                        
                                         
                                         
                                         
                                       
                                        
                                         
                                         
                                         
                                       
  

	 	(ii)	Were the Securities acquired for investment purposes? 

 Yes
                                        
             No                      
  

	 	(iii)	If you answered “No” to both (i) and (ii), please explain the Selling Securityholder’s reason for acquiring the Securities: 

                                        
                                         
                                         
                                         
                                       
                                        
                                         
                                         
                                         
                                       
                                        
                                         
                                         
                                         
                                       
  

 Exh. A 

 EXHIBIT A 
  

	 	(c)	State whether the undersigned Selling Securityholder is an affiliate of a registered Broker-Dealer and, if so, list the name(s) of the Broker-Dealer affiliate(s):

 Yes
                                        
             No                      
                                        
                                         
                                         
                                         
                                       
                                        
                                         
                                         
                                         
                                       
                                        
                                         
                                         
                                         
                                       
  

	 	(d)	If you answered “Yes” to question (c) above: 

  

	 	(i)	Did the undersigned Selling Securityholder purchase Registrable Securities in the ordinary course of business? 

 Yes
                                        
             No                      
 If the answer is “No” to question (d)(i), provide a brief explanation of the circumstances in which the Selling Securityholder acquired the
Registrable Securities: 
                                        
                                         
                                         
                                         
                                       
                                        
                                         
                                         
                                         
                                       
                                        
                                         
                                         
                                         
                                       
  

	 	(ii)	At the time of the purchase of the Registrable Securities, did the undersigned Selling Securityholder have any agreements, understandings or arrangements, directly or indirectly,
with any person to dispose of or distribute the Registrable Securities? 

 Yes
                                        
             No                      
 If the answer is “Yes” to question (d)(ii), provide a brief explanation of such agreements, understandings or arrangements: 
                                        
                                         
                                         
                                         
                                       
                                        
                                         
                                         
                                         
                                       
                                        
                                         
                                         
                                         
                                       
 If the answer is “No” to Item (8)(d)(i) or “Yes” to Item (8)(d)(ii), you will be named as an underwriter in the
Shelf Registration Statement and the related Prospectus. 
  

	(9)	Hedging and short sales: 

  

	 	(a)	State whether the undersigned Selling Securityholder has or will enter into “hedging transactions” with respect to the Registrable Securities: 

 Yes
                                        
             No                      
 If “Yes”, provide below a complete description of the hedging transactions into which the undersigned Selling Securityholder has entered or will
enter and the purpose of such hedging transactions, including the extent to which such hedging transactions remain in place: 
                                        
                                         
                                         
                                         
                                       
                                        
                                         
                                         
                                         
                                       
                                        
                                         
                                         
                                         
                                       
  

 Exh. A 

 EXHIBIT A 
  

	 	(b)	Set forth below is Interpretation A.65 of the Commission’s July 1997 Manual of Publicly Available Interpretations regarding short selling: 

 “An issuer filed a Form S-3 registration statement for a secondary offering of common stock which is not yet effective. One of the selling
shareholders wanted to do a short sale of common stock “against the box” and cover the short sale with registered shares after the effective date. The issuer was advised that the short sale could not be made before the registration
statement becomes effective, because the shares underlying the short sale are deemed to be sold at the time such sale is made. There would, therefore, be a violation of Section 5 if the shares were effectively sold prior to the effective
date.” 
 By returning this Notice and Questionnaire, the undersigned Selling Securityholder will be deemed to be aware of the
foregoing interpretation. 
 *        *        *        *        * 
 By signing below, the Selling Securityholder acknowledges that it understands its obligation to comply, and agrees that it will comply, with the provisions of the
Exchange Act, particularly Regulation M (or any successor rule or regulation). 
 The Selling Securityholder hereby acknowledges its obligations under the
Exchange and Registration Rights Agreement to indemnify and hold harmless the Issuers and certain other persons as set forth in the Exchange and Registration Rights Agreement. 
 In the event that the Selling Securityholder transfers all or any portion of the Registrable Securities listed in Item (3) above after the date on which such information is provided to the Issuers, the Selling
Securityholder agrees to notify the transferee(s) at the time of the transfer of its rights and obligations under this Notice and Questionnaire and the Exchange and Registration Rights Agreement. 
 By signing below, the Selling Securityholder consents to the disclosure of the information contained herein in its answers to Items (1) through (9) above and
the inclusion of such information in the Shelf Registration Statement and related Prospectus. The Selling Securityholder understands that such information will be relied upon by the Issuers in connection with the preparation of the Shelf
Registration Statement and related Prospectus. 
 In accordance with the Selling Securityholder’s obligation under Section 3(d) of the Exchange and
Registration Rights Agreement to provide such information as may be required by law for inclusion in the Shelf Registration Statement, the Selling Securityholder agrees to promptly notify the Issuers of any inaccuracies or changes in the information
provided herein which may occur subsequent to the date hereof at any time while the Shelf Registration Statement remains in effect and to provide such additional information that the Issuers may reasonably request regarding such Selling
Securityholder and the intended method of distribution of Registrable Securities in order to comply with the Securities Act. Except as otherwise provided in the Exchange and Registration Rights Agreement, all notices hereunder and pursuant to the
Exchange and Registration Rights Agreement shall be made in writing, by hand-delivery, first-class mail, or air courier guaranteeing overnight delivery as follows: 
 (i) To the Issuers: 
  

					
		 		 	Solo Cup Company
		 		 	1700 Old Deerfield Road
		 		 	Highland Park, Illinois 60035
			
		 		 	Facsimile: (847) 831-5849
		 		 	Attention: Chief Financial Officer

  

 Exh. A 

 EXHIBIT A 
  

							
	 (ii) With a copy to:
	 		 		 	
				
		 		 		 	Skadden, Arps, Slate, Meagher & Flom LLP
		 		 		 	155 North Wacker Drive
		 		 		 	Chicago, Illinois 60606
				
		 		 		 	Facsimile: (312) 407-0411
		 		 		 	Attention: Brian W. Duwe, Esq.
				
		 		 		 	and
				
		 		 		 	 Skadden, Arps, Slate, Meagher & Flom LLP
 300
South Grand Avenue, Suite 3400
 Los Angeles, California 90071

				
		 		 		 	Facsimile: (213) 687-5600
		 		 		 	Attention: Gregg A. Noel, Esq.

 Once this Notice and Questionnaire is executed by the Selling Securityholder and received by the Issuers’
counsel, the terms of this Notice and Questionnaire, and the representations and warranties contained herein, shall be binding on, shall inure to the benefit of and shall be enforceable by the respective successors, heirs, personal representatives,
and assigns of the Issuers and the Selling Securityholder (with respect to the Registrable Securities beneficially owned by such Selling Securityholder and listed in Item (3) above). This Notice and Questionnaire shall be governed in all
respects by the laws of the State of New York. 
  

 Exh. A 

 EXHIBIT A 
  

IN WITNESS WHEREOF, the undersigned, by authority duly given, has caused this Notice and Questionnaire to be executed and delivered either in person or by its duly
authorized agent. 
 Dated:                     

  

			
	  

	Selling Securityholder
	(Print/type full legal name of beneficial owner of Registrable Securities)
		
	By:	 	  

	Name:	 	
	Title:	 	

 PLEASE RETURN THE COMPLETED AND EXECUTED NOTICE AND QUESTIONNAIRE FOR RECEIPT ON OR BEFORE [DEADLINE FOR
RESPONSE] TO THE ISSUERS’ COUNSEL AT: 
  

	
	Skadden, Arps, Slate, Meagher & Flom LLP
	155 North Wacker Drive
	Chicago, Illinois 60606
	
	Facsimile: (312) 407-0411
	Attention: Brian W. Duwe, Esq.
	
	 and

	
	 Skadden, Arps, Slate, Meagher & Flom LLP
 300
South Grand Avenue, Suite 3400
 Los Angeles, California 90071

	
	 Facsimile: (213) 687-5600
 Attention: Gregg A. Noel,
Esq.

  

 Exh. A 

 EXHIBIT B 
 NOTICE OF TRANSFER PURSUANT TO REGISTRATION STATEMENT 
 U.S. Bank National Association 
 Solo Cup Company 
 Solo Cup Operating Corporation 
 c/o U.S. Bank National Association 
 EP-MN-WS3C 
 60 Livingston Avenue 
 St. Paul, Minnesota 55107 
 Attention: Corporate Trust Services 
  

	Re:	Solo Cup Company and Solo Cup Operating Corporation (collectively, the “Issuers”) 

	 	10.5% Senior Secured Notes due 2013 (the “Notes”) 

 Dear Sirs: 
 Please be advised that
                                        
has transferred $         aggregate principal amount of the above-referenced Notes pursuant to an effective Registration Statement on Form [    ] (File
No. 333-             ) filed by the Issuers. 
 We hereby certify that the prospectus
delivery requirements, if any, of the Securities Act of 1933, as amended, have been satisfied and that the above-named beneficial owner of the Notes is named as a “Selling Holder” in the Prospectus dated [date] or in supplements
thereto, and that the aggregate principal amount of the Notes transferred are the Notes listed in such Prospectus opposite such owner’s name. 
 Dated:
                     
  

			
	Very truly yours,
		
		 	  

		 	(Name)
		
	By:	 	  

		 	(Authorized Signature)

  

 Exh. BSecurity Agreement

 Exhibit 4.8 
 EXECUTION VERSION 
 SECURITY AGREEMENT 
 Dated as of July 2, 2009 
 by and among 
 the Grantors referred to herein 
 as
Grantors 
 and 
 U.S. BANK
NATIONAL ASSOCIATION 
 as Collateral Trustee 

 T A B L E O F C O N T
E N T S 
  

			
	 Section
	  	Page
		
	 Section 1. Certain Defined Terms; Construction; Updated Schedules
	  	2
		
	 Section 2. Grant of Security
	  	5
		
	 Section 3. Security for Secured Obligations
	  	10
		
	 Section 4. Grantors Remain Liable
	  	11
		
	 Section 5. Delivery and Control of Security Collateral
	  	11
		
	 Section 6. Maintaining the Account Collateral
	  	12
		
	 Section 7. Investing of Amounts in the Cash Collateral Account
	  	13
		
	 Section 8. Cash Dominion Period
	  	13
		
	 Section 9. Representations and Warranties
	  	13
		
	 Section 10. Further Assurances
	  	18
		
	 Section 11. As to Equipment and Inventory
	  	20
		
	 Section 12. Insurance
	  	20
		
	 Section 13. Post-Closing Changes; Collections on Assigned Agreements, Receivables and Related Contracts
	  	21
		
	 Section 14. As to Intellectual Property Collateral
	  	22
		
	 Section 15. Voting Rights; Dividends; Etc.
	  	24
		
	 Section 16. As to the Assigned Agreements
	  	25
		
	 Section 17. As to Letter-of-Credit Rights
	  	26
		
	 Section 18. Commercial Tort Claims
	  	27
		
	 Section 19. Transfers and Other Liens
	  	27
		
	 Section 20. Collateral Trustee Appointed Attorney-in-Fact
	  	27
		
	 Section 21. Collateral Trustee May Perform
	  	27
		
	 Section 22. The Collateral Trustee’s Duties
	  	28
		
	 Section 23. Remedies
	  	28
		
	 Section 24. Indemnity and Expenses
	  	30

  

 i 

			
	 Section 25. Amendments; Waivers; Additional Grantors; Etc.
	  	31
		
	 Section 26. Notices, Etc.
	  	31
		
	 Section 27. Continuing Security Interest; Assignments under the Priority Lien Documents
	  	31
		
	 Section 28. Release; Termination
	  	31
		
	 Section 29. Execution in Counterparts
	  	32
		
	 Section 30. Governing Law
	  	32
		
	 Section 31. Conflicts
	  	32
		
	 Section 32. Intercreditor Agreement
	  	32

 Schedules 
  

					
	 Schedule I
	 	-	  	Investment Property
			
	 Schedule II
	 	-	  	Pledged Deposit Accounts
			
	 Schedule III
	 	-	  	Assigned Agreements
			
	 Schedule IV
	 	-	  	Intellectual Property
			
	 Schedule V
	 	-	  	Commercial Tort Claims
			
	 Schedule VI
	 	-	  	Location, Chief Executive Office, Type of Organization, Jurisdiction of Organization and Organizational Identification Number
			
	 Schedule VII
	 	-	  	Changes in Name, Location, Etc.
			
	 Schedule VIII
	 	-	  	Locations of Equipment and Inventory
			
	 Schedule IX
	 	-	  	Letters of Credit
			
	 Schedule X
	 	-	  	Financing Statements
			
	Exhibits	 		  	
			
	 Exhibit A
	 	-	  	Form of First Lien Intellectual Property Security Agreement
	 Exhibit B
	 	-	  	Form of First Lien Intellectual Property Security Agreement Supplement
	 Exhibit C
	 	-	  	Form of Security Agreement Supplement

  

 ii 

 SECURITY AGREEMENT 
 SECURITY AGREEMENT dated as of July 2, 2009 (as amended, amended and restated, supplemented or otherwise modified from time to time, this “Agreement”) by and among SOLO CUP COMPANY, a
Delaware corporation (the “Company”), SOLO CUP OPERATING CORPORATION, a Delaware corporation (“SCOC,” and together with the Company, the “Issuers” and, each, an
“Issuer”), the other Persons listed on the signature pages hereof (the Issuers and the Persons so listed being, collectively, the “Grantors” and, each, a “Grantor”) and U.S.
Bank National Association, as collateral trustee (in such capacity, together with any successor collateral trustee appointed pursuant to Section 6.2 of the Collateral Trust Agreement (as hereinafter defined), the “Collateral
Trustee”) for the Secured Parties (as defined below). 
 PRELIMINARY STATEMENTS 
 (1) The Grantors have entered into an Indenture, dated as of July 2, 2009 (said Indenture, as it may hereafter be amended, amended and restated,
adjusted, waived, renewed, refunded, replaced, restructured, increased, refinanced, supplemented or otherwise modified from time to time, being the “Indenture”) with the Collateral Trustee and U.S. Bank National Association, as
trustee (the “Trustee”). 
 (2) The Grantors have entered into a Collateral Trust Agreement, dated as of July 2,
2009 (said Collateral Trust Agreement, as it may hereafter be amended, amended and restated, waived, renewed, replaced, restructured, supplemented or otherwise modified from time to time, being the “Collateral Trust Agreement”) with
the Collateral Trustee, the Trustee and the other representatives and agents from time to time party thereto. 
 (3) The Collateral Trust
Agreement sets forth the terms on which each Secured Party (as defined below) has appointed the Collateral Trustee as trustee for the present and future holders of the Secured Obligations (as defined below) to receive, hold, maintain, administer and
distribute the Collateral at any time delivered to the Collateral Trustee and to enforce the Priority Lien Documents, including this Agreement, and all interests, rights, powers and remedies of the Collateral Trustee in respect thereof or thereunder
and the proceeds thereof. 
 (4) Each Grantor is the owner of the promissory notes set forth opposite such Grantor’s name on and as
otherwise described in Part I of Schedule I hereto and issued by the obligors named therein (the “Initial Pledged Debt”). 
 (5) Each Grantor is the owner of the deposit accounts set forth opposite such Grantor’s name on Schedule II hereto (the “Pledged Deposit Accounts”). 
 (6) SCOC is the owner of Account No. 8666216501 (the “Cash Collateral Account”), maintained with Bank of America, N.A. and
subject to the terms of this Agreement. 
 (7) SCOC is the owner of Account No. 8666823636 (the “Collateral Proceeds
Account”), maintained with Bank of America, N.A. and subject to the terms of this Agreement. 

 (8) Each Grantor is the owner of the securities accounts set forth in Part II of Schedule I (the
“Securities Accounts”). 
 (9) It is a condition precedent to the issuance of any Series of Priority Lien Debt
pursuant to the Priority Lien Documents that the Grantors shall have granted the security interest contemplated by this Agreement. Each Grantor will derive substantial direct and indirect benefit from the transactions contemplated by the Priority
Lien Documents. 
 (10) Each Grantor has agreed to secure such Grantor’s obligations under the Priority Lien Documents as set forth
herein. 
 NOW, THEREFORE, in consideration of the premises and in order to induce the Secured Parties to enter into the Priority Lien
Documents and to induce such Secured Parties to make their respective extensions of credit and other accommodations as set forth in the Priority Lien Documents, each Grantor hereby agrees with the Collateral Trustee for the ratable benefit of the
Secured Parties as follows: 
 Section 1. Certain Defined Terms; Construction; Updated Schedules. (a) The following terms will have the
following meanings: 
 “ABL Agent” means the Bank of America, N.A., as administrative agent for the ABL Secured
Parties (as defined in the Intercreditor Agreement) and, from and after the date of execution and delivery of an ABL Substitute Facility (as defined in the Intercreditor Agreement), the agent, collateral agent, trustee or other representative of the
lenders or holders of the indebtedness and other Obligations (as defined in the Intercreditor Agreement) evidenced thereunder or governed thereby, in each case, together with its successors in such capacity. 
 “ABL Debt Obligations” has the meaning assigned to that term in the Intercreditor Agreement. 
 “ABL First Lien Collateral” has the meaning assigned to that term in the Intercreditor Agreement. 
 “ABL Secured Parties” has the meaning assigned to that term in the Intercreditor Agreement. 
 “Applicable Law” means all laws, rules, regulations and governmental guidelines applicable to the Person, conduct, transaction,
agreement or matter in question, including all applicable statutory law, and all provisions of constitutions, treaties, statutes, rules, regulations, orders and decrees of governmental authorities. 
 “Equity Interest” means capital stock, partnership interests, membership interests in a limited liability company, beneficial
interests in a trust or other equity ownership interests in a Person. 
 “Federal Book-Entry Regulations” means
(A) the federal regulations contained in Subpart B (“Treasury/Reserve Automated Debt Entry System (TRADES)”) governing book-entry securities consisting of U.S. Treasury notes, bills and bonds and Subpart D (“Additional
Provisions”) of 31 C.F.R. Part 357, 31 C.F.R. § 357.10 through § 357.15 and § 357.40 through § 357.45, including related defined terms in 31 C.F.R. § 357.2); and (B) to the extent substantially identical to
the federal regulations referred to in clause (A) above, the federal regulations governing other book-entry securities. 
  

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 “Full Payment” means, with respect to any Secured Obligations (other than
unasserted contingent obligations) the full cash payment thereof, including any interest, fees and other charges accruing during an Insolvency or Liquidation Proceeding (whether or not allowed in the proceeding) or with respect to Letters of Credit
constituting Secured Obligations, the discharge or cash collateralization (at the lower of (A) 105% of the aggregate undrawn amount and (B) the percentage of the aggregate undrawn amount required for release of liens under the terms of the
applicable Priority Lien Document). 
 “Intellectual Property” for the purposes of the definitions of
“License”, “Licensor” and “Lien Waiver” below, means, all intellectual property of a Person, including inventions, designs, patents, copyrights, trademarks, service marks, trade names, trade dress, logos, confidential
and proprietary information, including know-how and trade secrets, software and databases, and all rights therein, all embodiments or fixations thereof and all applications and/or registrations or other rights to use any of the foregoing.

 “License” means any agreement to which an Issuer or a Grantor is a party and under which such Issuer or Grantor is
authorized to use Intellectual Property in connection with any manufacture, marketing, distribution or disposition of Collateral, any use of Property or any other conduct of its business. 
 “Licensor” means any Person from whom an Issuer or a Grantor obtains the right to use any Intellectual Property. 
 “Lien Waiver” means an agreement, in form and substance reasonably satisfactory to Collateral Trustee, by which (a) for any
Collateral located on leased premises, the lessor waives or subordinates any Lien it may have on the Collateral, and agrees to permit Collateral Trustee to enter upon the premises and remove the Collateral or to use the premises to store or dispose
of the Collateral during certain time periods as may be agreed upon by Collateral Trustee and such lessor; (b) for any Collateral held by a warehouseman, processor, shipper, customs broker or freight forwarder, such Person waives or
subordinates any Lien it may have on the Collateral, agrees to hold any Documents in its possession relating to the Collateral as agent for Collateral Trustee, and agrees to deliver the Collateral to Collateral Trustee upon request; (c) for any
Collateral held by a repairman, mechanic or bailee, such Person acknowledges Collateral Trustee’s Lien, waives or subordinates any Lien it may have on the Collateral, and agrees to deliver the Collateral to Collateral Trustee upon request; and
(d) for any Collateral subject to a Licensor’s Intellectual Property rights, the Licensor grants to Collateral Trustee the right, vis-à-vis such Licensor, to enforce Collateral Trustee’s Liens with respect to the Collateral,
including the right to dispose of it with the benefit of the Intellectual Property, whether or not a default exists under any applicable License. 
  

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 “Material Adverse Effect” means the effect of any event or circumstance that,
taken alone or in conjunction with other events or circumstances, (a) has or could be reasonably expected to have a material adverse effect on the business, operations, properties, liabilities or financial condition of the Issuers and
Guarantors taken as a whole, on the value of the Collateral taken as a whole, on the enforceability of any Priority Lien Documents, or on the validity or priority of Collateral Trustee’s Liens on any material portion of the Noteholder First
Lien Collateral; (b) impairs the ability of the Issuers and Guarantors, taken as a whole, to perform any payment obligations or other material obligations under the Priority Lien Documents; or (c) otherwise impairs the ability of
Collateral Trustee or any holder of Secured Obligations to enforce or collect any Secured Obligations or to realize upon any material portion of the Noteholder First Lien Collateral; provided that for purposes of representations and
warranties made as of the date of the original issuance of the Notes under the Indenture, “Material Adverse Effect” shall not include any state of facts, event, change or effect caused by events, changes or developments arising from
changes in GAAP or from any changes in the market in which the Issuers and Grantors operate which do not disproportionately affect any of the Issuers or Grantors; provided further that the limitations on remedies in the
Intercreditor Agreement shall be deemed not to impair any rights of Collateral Trustee or any holder of Secured Obligations for purposes of this definition. 
 “Noteholder First Lien Collateral” has the meaning assigned to that term in the Intercreditor Agreement. 
 “Obligations” means any principal, interest, penalties, fees, expenses, indemnifications, reimbursements, damages and other liabilities (including all interest, Special Interest (if any), fees
and expenses accruing after the commencement of any Insolvency or Liquidation Proceeding, even if such interest, fees and expenses are not enforceable, allowable or allowed as a claim in such proceeding) under any Priority Lien Documents, and, to
the extent applicable, includes Banking Product Obligations and Hedging Obligations. 
 “Priority Lien Default” means
any event or condition which, under the terms of any credit agreement, indenture or other agreement governing any Series of Priority Lien Debt causes, or permits holders of Priority Lien Obligations outstanding thereunder to cause, the Priority Lien
Debt outstanding thereunder to become immediately due and payable. 
 “Properly Contested” means with respect to any
obligation of an Issuer, Guarantor or any Restricted Subsidiary thereof, (a) the obligation is subject to a bona fide dispute regarding amount or such Issuer’s or Guarantor’s or Restricted Subsidiary’s liability to pay;
(b) the obligation is being properly contested in good faith by appropriate proceedings promptly instituted and diligently pursued; (c) appropriate reserves have been established in accordance with GAAP; (d) non-payment could not have
a Material Adverse Effect, nor result in forfeiture or sale of any assets of such Issuer, Guarantor or any Restricted Subsidiary; (e) no Lien is imposed on assets of such Issuer, Guarantor or Restricted Subsidiary, unless bonded and stayed to
the satisfaction of Collateral Trustee; and (f) if the obligation results from entry of a judgment or other order, such judgment or order is stayed pending appeal or other judicial review. 
 “Secured Debt Obligations” has the meaning assigned to that term in the Intercreditor Agreement. 
  

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 “Secured Documents” has the meaning assigned to that term in the Intercreditor
Agreement. 
 “Secured Obligations” has the meaning assigned to that term in Section 3. 
 “Secured Parties” means the holders of the Priority Lien Obligations, the Collateral Trustee, and the Priority Lien
Representative. 
 “Security Documents” has the meaning assigned to that term in the Intercreditor Agreement.

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

 (b) Terms defined in the Collateral Trust Agreement and not otherwise defined in this Agreement are used in this Agreement as defined in
the Collateral Trust Agreement. Further, unless otherwise defined in this Agreement or in the Collateral Trust Agreement, terms defined in Article 1, 8 or 9 of the UCC and/or in the Federal Book Entry Regulations are used in this Agreement as such
terms are defined in such Article 1, 8 or 9 and/or in the Federal Book Entry Regulations. 
 (c) Each Grantor shall be entitled to provide at
any time and from time to time (by providing written notice to the Collateral Trustee and any Priority Lien Representative) such supplements to the schedules hereof as are necessary to accurately reflect at such time the information required by this
Agreement to be stated therein. 
 Section 2. Grant of Security. Each Grantor hereby grants to the Collateral Trustee, for the ratable
benefit of the Secured Parties, a security interest in such Grantor’s right, title and interest in and to the following, in each case, as to each type of property described below, whether now owned or hereafter acquired by such Grantor,
wherever located, and whether now or hereafter existing or arising (collectively, the “Collateral”): 
 (a) all
equipment in all of its forms, including, without limitation, all machinery, tools, furniture and fixtures, and all parts thereof and all accessions thereto, including, without limitation, computer programs and supporting information that constitute
equipment within the meaning of the UCC (any and all such property being the “Equipment”); 
 (b) all inventory in
all of its forms, including, without limitation, (i) all raw materials, work in process, finished goods and materials used or consumed in the manufacture, production, preparation or shipping thereof, (ii) goods in which such Grantor has an
interest in mass or a joint or other interest or right of any kind (including, without limitation, goods in which such Grantor has an interest or right as consignee) and (iii) goods that are returned to or repossessed or stopped in transit by
such Grantor, and all accessions thereto and products thereof and documents therefor, including, without limitation, computer programs and supporting information that constitute inventory within the meaning of the UCC (any and all such property
being the “Inventory”); 
  

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 (c) all accounts (including, without limitation, health-care-insurance receivables), chattel paper
(including, without limitation, tangible chattel paper and electronic chattel paper), instruments (including, without limitation, promissory notes), deposit accounts, letter-of-credit rights, general intangibles (including, without limitation,
payment intangibles) and all other right to payment of monetary obligations of any kind, whether or not arising out of or in connection with the sale or lease of goods or the rendering of services and whether or not earned by performance, and all
rights now or hereafter existing in and to all supporting obligations and in and to all security agreements, mortgages, Liens, leases, letters of credit and other contracts securing or otherwise supporting payment of any of the foregoing property
(any and all of such accounts, chattel paper, instruments, deposit accounts, letter-of-credit rights, general intangibles and other obligations, to the extent not referred to in clause (d), (e) or (f) below, being the
“Receivables,” and any and all such supporting obligations, security agreements, mortgages, Liens, leases, letters of credit and other contracts being the “Related Contracts”); 
 (d) the following (collectively, the “Security Collateral”): 
 (i) the Initial Pledged Debt and the instruments, if any, evidencing the Initial Pledged Debt, and all interest, cash, instruments and
other property from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of the Initial Pledged Debt; 
 (ii) all additional monetary obligations from time to time owed to such Grantor (such indebtedness, together with the Initial Pledged Debt, being the “Pledged Debt”) and the instruments, if
any, evidencing such monetary obligations, and all interest, cash, instruments and other property from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such monetary obligations; 

(iii) the Securities Accounts, all security entitlements with respect to all financial assets from time to time credited to the
Securities Accounts, and all financial assets, and all dividends, distributions, return of capital, interest, cash, instruments and other property from time to time received, receivable or otherwise distributed in respect of or in exchange for any
or all of such security entitlements or financial assets and all warrants, rights or options issued thereon or with respect thereto; and 
 (iv) all other investment property (including, without limitation, all (A) securities, whether certificated or uncertificated, (B) security entitlements, (C) securities accounts, (D) commodity
contracts and (E) commodity accounts) in which such Grantor has now, or acquires from time to time hereafter, any right, title or interest in any manner, and the certificates or instruments, if any, representing or evidencing such investment
property, and all dividends, distributions, return of capital, interest, cash, instruments and other property from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such investment property and
all warrants, rights or options issued thereon or with respect thereto; 
  

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 (e) each of the agreements listed on Schedule III hereto as such agreements may be amended, amended and
restated, supplemented or otherwise modified from time to time (collectively, the “Assigned Agreements”), including, without limitation, (i) all rights of such Grantor to receive moneys due and to become due under or
pursuant to the Assigned Agreements, (ii) all rights of such Grantor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of such Grantor for damages arising out of or
for breach of or default under the Assigned Agreements and (iv) the right of such Grantor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder (all such Collateral
being the “Agreement Collateral”); 
 (f) the following (collectively, the “Account
Collateral”): 
 (i) the Pledged Deposit Accounts, the Cash Collateral Account, the Collateral Proceeds Account
and all funds and financial assets from time to time credited thereto (including, without limitation, all Cash Equivalents), and all certificates and instruments, if any, from time to time representing or evidencing the Pledged Deposit Accounts, the
Cash Collateral Account or the Collateral Proceeds Account; 
 (ii) all promissory notes, certificates of deposit, checks and
other instruments from time to time delivered to or otherwise possessed by the Collateral Trustee or the ABL Agent for or on behalf of such Grantor in substitution for or in addition to any or all of the then existing Account Collateral; and

 (iii) all interest, dividends, distributions, cash, instruments and other property from time to time received, receivable
or otherwise distributed in respect of or in exchange for any or all of the then existing Account Collateral; and 
 (g) the following
(collectively, the “Intellectual Property Collateral”): 
 (i) all patents, patent applications,
utility models and statutory invention registrations, together with all inventions claimed or disclosed therein and all improvements thereto (“Patents”); 
 (ii) all trademarks, service marks, domain names, trade dress, logos, designs, slogans, trade names, business names, fictitious business
names, corporate names, certification marks, collective marks and other source identifiers, whether registered or unregistered (provided that no security interest shall be granted in any United States intent-to-use trademark application for
registration of a trademark filed pursuant to Section 1(b) of the Lanham Act, 15 U.S.C. § 1051, prior to the filing of a “Statement of Use” pursuant to Section 1(d) of the Lanham Act or an “Amendment to Allege Use”
pursuant to Section 1(c) of the Lanham Act with respect thereto, solely to the extent that and solely during the period in which the grant of a security interest therein would impair the validity or enforceability of any registration that
issues from such intent-to-use trademark applications under applicable federal law), together, in each case, with the goodwill symbolized thereby (“Trademarks”); 
  

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 (iii) all copyrights (whether or not the underlying works of authorship have been
published), including, without limitation, copyrights in Computer Software (as hereinafter defined), internet web sites and the content thereof, whether registered or unregistered (“Copyrights”); 
 (iv) all computer software, programs and databases (including, without limitation, source code, object code and all related applications
and data files), firmware and documentation and materials relating thereto, together with any and all maintenance rights, service rights, programming rights, hosting rights, test rights, improvement rights, renewal rights and indemnification rights
and any substitutions, replacements, improvements, error corrections, updates and new versions of any of the foregoing (“Computer Software”); 
 (v) all confidential and proprietary information, including, without limitation, know-how, trade secrets, manufacturing and production
processes and techniques, inventions, research and development information, databases and data, including, without limitation, technical data, financial, marketing and business data, pricing and cost information, business and marketing plans and
customer and supplier lists and information (collectively, “Trade Secrets”), and all other intellectual, industrial and intangible property of any type, including, without limitation, industrial designs and mask works;

 (vi) all registrations and applications for registration for any of the foregoing, including, without limitation, those
registrations and applications for registration set forth in Schedule IV hereto, together with all reissues, divisions, continuations, continuations-in-part, extensions, renewals and reexaminations thereof; 
 (vii) all rights in the foregoing provided by international treaties or conventions, all rights corresponding thereto throughout the world
and all other rights of any kind whatsoever of such Grantor accruing thereunder or pertaining thereto; 
 (viii) all
agreements, permits, consents, orders and franchises relating to the license, development, use or disclosure of any of the foregoing to which such Grantor, now or hereafter, is a party or a beneficiary, including, without limitation, the agreements
set forth in Schedule IV hereto (“IP Agreements”); 
 (ix) all tangible embodiments of any of the
foregoing, and 
 (x) any and all claims for damages and injunctive relief for past, present and future infringement,
dilution, misappropriation, violation, misuse or breach with respect to any of the foregoing, with the right, but not the obligation, to sue for and collect, or otherwise recover, such damages; 
  

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 (h) the commercial tort claims described in Schedule V hereto (together with any commercial tort claims
as to which the Grantors have complied with the requirements of Section 18, the “Commercial Tort Claims Collateral”); 
 (i) all books and records (including, without limitation, customer lists, credit files, printouts and other computer output materials and records) of such Grantor pertaining to any of the foregoing Collateral or any
of the Collateral referred to in clause (j) below; and 
 (j) all proceeds of, collateral for, income, royalties and other payments now
or hereafter due and payable with respect to, and supporting obligations relating to, any and all of the foregoing Collateral (including, without limitation, proceeds, collateral and supporting obligations that constitute property of the types
described in clauses (a) through (i) of this Section 2) and, to the extent not otherwise included, all (A) payments under insurance (whether or not the Collateral Trustee is the loss payee thereof), or any indemnity, warranty or
guaranty, payable by reason of loss or damage to or otherwise with respect to any of the foregoing Collateral, and (B) cash; 
 provided that
Collateral shall not include the following (collectively, the “Excluded Assets”): 
 (1) all interests in real
property other than fee interests and other interests appurtenant thereto; 
 (2) fee interests in real property if the greater of the cost
or the book value of such fee interest is less than $1,000,000; 
 (3) any property or asset to the extent that the grant of a Lien under the
Security Documents (as defined in the Intercreditor Agreement) in such property or asset is prohibited by applicable law or requires any consent of any governmental authority not obtained pursuant to applicable law; provided that such
property or asset will be an Excluded Asset only to the extent and for so long as the consequences specified above will result and will cease to be an Excluded Asset and will become subject to the Lien granted under the Security Documents (as
defined in the Intercreditor Agreement), immediately and automatically, at such time as such consequences will no longer result; 
 (4) any
lease, license, contract, property right or agreement to which any Grantor is a party or any of its rights or interests thereunder only to the extent and only for so long as the grant of a Lien under the Security Documents (as defined in the
Intercreditor Agreement) will constitute or result in a breach, termination or default under or requires any consent not obtained under any such lease, license, contract, agreement or property right (other than to the extent that any such term would
be rendered ineffective pursuant to Sections 9-406, 9-407, 9-408 or 9-409 of the UCC (or any successor provision or provisions) of any relevant jurisdiction or any other applicable law (including the Bankruptcy Code) or principles of equity);
provided that such lease, license, contract, property right or agreement will be an Excluded Asset only to the extent and for so long as the consequences specified above will result and will cease to be an Excluded Asset and will become
subject to the Lien granted under the Security Documents (as defined in the Intercreditor Agreement), immediately and automatically, at such time as such consequences will no longer result; 
  

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 (5) any motor vehicles, vessels and aircraft, or other property subject to a certificate of title statute
of any jurisdiction; 
 (6) cash or Cash Equivalents (or deposits or securities accounts that solely contain such cash or cash equivalents)
(i) securing reimbursement obligations under letters of credit or surety bonds (other than, in the case of ABL Collateral, reimbursement obligations in respect of letters of credit securing or constituting ABL Debt Obligations),
(ii) solely consisting of earnest money deposits made or received in connection with any disposition of property or assets or in connection with any investment or (iii) securing Hedging Obligations (as defined in the Intercreditor
Agreement), in each case to the extent permitted under all Secured Documents (as defined in the Intercreditor Agreement); 
 (7) assets or
property subject to purchase money liens or capital leases permitted to be incurred under all Secured Documents (as defined in the Intercreditor Agreement), to the extent a Lien on such assets or property is not permitted, under the terms of the
documents governing such purchase money liens, purchase money indebtedness or capital leases, to be created to secure any Secured Debt Obligations (as defined in the Intercreditor Agreement); 
 (8) all “securities” of any of the Issuers’ “affiliates” (as the terms “securities” and “affiliates” are
used in Rule 3-16 of Regulation S-X under the Securities Act of 1933, as amended); 
 (9) Equity Interests in any joint venture with a third
party that is not an Affiliate of such Grantor, to the extent a pledge of such Equity Interests is prohibited by the documents governing such joint venture; 
 (10) the real property located at 1951 Highway 304, Belen, New Mexico, the real property located at 177 Florence Street, Leominster, Massachusetts, and the real property located at 1900 S. Clark Road, Havre de Grace,
Maryland, in each case, including all fixtures and improvements located thereon; and 
 (11) the real property located at 3333 East 87th
Street, Chicago, Illinois (formerly known as the USX South Works site), including all fixtures and improvements located thereon; 
 provided, further,
that notwithstanding the foregoing proviso, the Collateral does include all deposit and securities accounts identified on Schedules I and II hereto and all instruments identified on Schedule I hereto. 
 For the avoidance of doubt, the security interest created in this Section 2 is subject to the Intercreditor Agreement, including, without
limitation, Section 2.01 thereof. 
 Section 3. Security for Secured Obligations. The security interest in the Collateral created
hereunder secures, in the case of each Grantor, the payment of all Obligations 

  

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of such Grantor now or hereafter existing under each Series of Priority Lien Debt issued pursuant to the Priority Lien Documents, whether direct or indirect,
absolute or contingent, and whether for principal, reimbursement obligations, interest, fees, premiums, penalties, indemnifications, contract causes of action, costs, expenses or otherwise (all such obligations being the “Secured
Obligations”). Without limiting the generality of the foregoing, the security interest in the Collateral created hereunder secures, as to each Grantor, the payment of all amounts that constitute part of the Secured Obligations and would
be owed by such Grantor to any Secured Party under the Priority Lien Documents but for the fact that they are unenforceable or not allowable due to the existence of a bankruptcy, reorganization or similar proceeding involving an Issuer or a
Guarantor. 
 Section 4. Grantors Remain Liable. Anything herein to the contrary notwithstanding, (a) each Grantor shall remain
liable under the contracts and agreements included in such Grantor’s Collateral to the extent set forth therein to perform all of its duties and obligations thereunder to the same extent as if this Agreement had not been executed, (b) the
exercise by the Collateral Trustee of any of the rights hereunder shall not release any Grantor from any of its duties or obligations under the contracts and agreements included in the Collateral and (c) no Secured Party shall have any
obligation or liability under the contracts and agreements included in the Collateral by reason of this Agreement or any other Priority Lien Document, nor shall any Secured Party be obligated to perform any of the obligations or duties of any
Grantor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder. 
 Section 5. Delivery and
Control of Security Collateral. (a) All instruments representing or evidencing Pledged Debt (except to the extent the aggregate outstanding principal amount of Pledged Debt owing to such Grantor does not exceed $200,000) with respect to any
Grantor shall be delivered to and held by or on behalf of the Collateral Trustee pursuant hereto (unless the ABL Agent is granted a prior security interest in such instruments and the same are required to be delivered (and are so delivered) to the
ABL Agent for the benefit of the ABL Secured Parties pursuant to the Intercreditor Agreement) 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 Collateral Trustee. 
 (b) With respect to any Securities Account and any Security
Collateral that constitutes a security entitlement (except for any Securities Account that is an Excluded Account (as defined below)), the relevant Grantor will cause the securities intermediary with respect to such Securities Account and security
entitlement either (i) to identify in its records the Collateral Trustee as the entitlement holder thereof, unless the ABL Agent is granted a prior security interest in such security entitlement and such Grantor is required to cause (and has so
caused) such securities intermediary to identify in its records the ABL Agent as the entitlement holder thereof for the benefit of the ABL Secured Parties pursuant to the Intercreditor Agreement, or (ii) to agree with such Grantor and the
Collateral Trustee that such securities intermediary will comply with entitlement orders originated by the Collateral Trustee without further consent of such Grantor, such agreement to be in form and substance reasonably satisfactory to the
Collateral Trustee (and if the ABL Agent is required to be granted (and has been granted) a prior security interest in such Securities Account and security entitlement for the benefit of the ABL Secured Parties pursuant to the Intercreditor
Agreement, with provisions instructing such securities intermediary that entitlement orders originated by the ABL Agent controls pursuant to the Intercreditor Agreement) (a “Securities Account Control Agreement”). 

 

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 (c) Subject to the Intercreditor Agreement, the Collateral Trustee shall have the right, at any time
after the occurrence and during the continuation of a Priority Lien Default, (i) in its discretion and without notice to any Grantor, to transfer to or to register in the name of the Collateral Trustee or any of its nominees any or all of the
Security Collateral, subject only to the revocable rights specified in Section 15(a) and (ii) to convert Security Collateral consisting of financial assets credited to the Securities Account to Security Collateral consisting of financial
assets held directly by the Collateral Trustee, and to convert Security Collateral consisting of financial assets held directly by the Collateral Trustee to Security Collateral consisting of financial assets credited to the Securities Account.

 (d) Upon the request of the Collateral Trustee following the occurrence and during the continuance of a Priority Lien Default, each
Grantor will notify each issuer of Security Collateral granted by it hereunder that such Security Collateral is subject to the security interest granted hereunder. 
 Section 6. Maintaining the Account Collateral. Until Full Payment of the Secured Obligations (the “Discharge”): 
 (a) Each Grantor will maintain deposit accounts (other than an account exclusively used for payroll, payroll taxes, employee benefits or other similar
fiduciary obligations, any trust account, any zero-balance disbursement account (i.e., any account used only for disbursement purposes in which a balance of zero is maintained by automatically transferring funds from another account in an amount
only large enough to cover checks presented) and any account used to settle foreign exchange trades or accounts having an aggregate balance of not more than $250,000 or the account number 8666823891 maintained with Bank of America, N.A. so long as
the ending daily balance of such account does not exceed $500,000 (collectively, the “Excluded Accounts”)), including the Collateral Proceeds Account, only with a bank (a “Pledged Account Bank”) that
has agreed with such Grantor and the Collateral Trustee to comply with instructions originated by the Collateral Trustee directing the disposition of funds in such deposit account without the further consent of such Grantor, such agreement to be in
form and substance reasonably satisfactory to the Collateral Trustee (in the cases of the Pledged Deposit Accounts and Cash Collateral Account, with provisions instructing such bank that pursuant to the Intercreditor Agreement, instructions
originated by the ABL Agent control) (a “Deposit Account Control Agreement”). 
 (b) Each Grantor will
(i) immediately instruct each Person obligated at any time to make any payment to such Grantor for any reason (an “Obligor”) to make such payment to a Pledged Deposit Account or the Cash Collateral Account and
(ii) deposit in a Pledged Deposit Account or the Cash Collateral Account, at the end of each Business Day, all proceeds of Collateral and all other cash of such Grantor; provided that only proceeds of the Noteholder First Lien Collateral
shall be deposited in the Collateral Proceeds Account and each Grantor shall so instruct each such Person, shall so deposit proceeds of any Collateral and other cash and shall take all other actions necessary to give effect to the intent of this
proviso. 
  

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 (c) Subject to the Intercreditor Agreement, the Collateral Trustee may, at any time and without notice
to, or consent from, the Grantor, transfer, or direct the transfer of, funds from the Collateral Proceeds Account and, if applicable, the Pledged Deposit Accounts or the Cash Collateral Account, as the case maybe, to satisfy the Grantor’s
Obligations if a Priority Lien Default shall have occurred and be continuing. 
 Section 7. Investing of Amounts in the Cash Collateral
Account. Following the Discharge of ABL Debt Obligations, to the extent applicable, the Collateral Trustee will, subject to the Intercreditor Agreement and the provisions of Sections 6 and 23, from time to time (a) invest, or direct the
applicable Pledged Account Bank to invest, amounts received with respect to the Cash Collateral Account in such Cash Equivalents credited to the Cash Collateral Account as SCOC, or any other agent designated by Grantors as their representative and
agent (in such capacity, the “Grantor Agent”) for all purposes under the Priority Lien Documents, may select and the Collateral Trustee may approve, and (b) invest interest paid on the Cash Equivalents referred to in
clause (a) above, and reinvest other proceeds of any such Cash Equivalents that may mature or be sold, in each case in such Cash Equivalents credited in the same manner. Interest and proceeds that are not invested or reinvested in Cash
Equivalents as provided above shall be deposited and held in the Cash Collateral Account. In addition, the Collateral Trustee shall have the right at any time to exchange, or direct the applicable Pledged Account Bank to exchange, such Cash
Equivalents for similar Cash Equivalents of smaller or larger denominations, or for other Cash Equivalents, credited to the Cash Collateral Account. 
 Section 8. Cash Dominion Period. The Collateral Trustee may send to each bank or securities intermediary party to any Deposit Account Control Agreement or Securities Account Control Agreement a notice
terminating the rights of such Grantor to originate any entitlement orders or instructions directing disposition of funds. In addition, the Collateral Trustee agrees (i) to send such notices described above only if a Priority Lien Default has
occurred and is continuing and (ii) to send notices to such banks and securities intermediaries revoking such notices described above if such Priority Lien Default has been cured. 
 Section 9. Representations and Warranties. Each Grantor hereby represents and warrants to the Collateral Trustee and the applicable Secured
Parties, as of the date hereof and on the date of incurrence of any Series of Priority Lien Debt, that: 
 (a) Such Grantor’s exact
legal name, chief executive office, type of organization, jurisdiction of organization and organizational identification number is set forth in Schedule VI hereto. Within the five years preceding the date hereof, such Grantor has not changed its
name, chief executive office, type of organization, jurisdiction of organization or organizational identification number from those set forth in Schedule VI hereto except as set forth in Schedule VII hereto. 
 (b) Such Grantor owns or has rights in the Collateral granted by it hereunder free and clear of any Lien except for the security interest created under
this Agreement or the Liens permitted under the Priority Lien Documents (including, without limitation, the Liens held by the ABL Agent). No effective financing statement or other instrument similar in effect covering all or any part of such
Collateral or listing such Grantor as debtor is on file in any recording office, except such as may have been filed in favor of the Collateral Trustee relating to the Priority Lien Documents or with respect to Liens otherwise permitted under the
Priority Lien Documents (including, without limitation, the Liens held by the ABL Agent). 
  

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 (c) All of the Equipment and Inventory (other than Inventory in transit, mobile Equipment and Equipment
out for service or repair) of such Grantor are located at the places specified therefor in Schedule VIII hereto or at another location as to which such Grantor has complied with the requirements of Section 11(a). Such Grantor has exclusive
possession and control of its Equipment and Inventory, other than (i) Equipment or Inventory stored at any leased premises or warehouse for which such Grantor has made commercially reasonable efforts to obtain a Lien Waiver from the landlord or
warehouseman, as applicable, and (ii) Inventory in transit, mobile Equipment and Equipment out for service or repair. 
 (d) None of the
Receivables or Agreement Collateral is evidenced by a promissory note or other instrument that has not been delivered to the Collateral Trustee (except to the extent the aggregate outstanding principal amount of such promissory notes and instruments
owing to such Grantor does not exceed $200,000 and except for any such promissory note or other instrument that is required to be delivered and has been so delivered to the ABL Agent pursuant to the Intercreditor Agreement). 
 (e) The Pledged Debt pledged by such Grantor hereunder which is issued by a Subsidiary of such Grantor has been duly authorized, authenticated or issued
and delivered, is the legal, valid and binding obligation of the issuers thereof, is evidenced by one or more promissory notes (which promissory notes if required to be delivered to the Collateral Trustee under Section 5(a) have been delivered
to the Collateral Trustee (except for such promissory notes that are required to be delivered and have been so delivered to the ABL Agent pursuant to the Intercreditor Agreement)) and is not in default. 
 (f) The Initial Pledged Debt constitutes all of the outstanding debt for borrowed money owed to such Grantor by the issuers thereof and is outstanding in
the principal amount indicated on Schedule I hereto. 
 (g) Such Grantor has no investment property, other than Excluded Assets and the
investment property listed on Schedule I hereto. 
 (h) Except as set forth on Schedule III hereto, such Grantor is not a party to any
Material Contract extending more than one year after the date hereof under which the total committed consideration payable to such Grantor exceeds $10,000,000 in any Fiscal Year. The Assigned Agreements to which such Grantor is a party, true and
complete copies of which have been furnished to or made available to the Collateral Trustee or its counsel on a confidential basis, have been duly authorized, executed and delivered by such Grantor and, to the knowledge of such Grantor, all other
parties thereto, have not been amended, amended and restated, supplemented or otherwise modified as of the date hereof, are in full force and effect and are binding upon and enforceable against such Grantor and, to the knowledge of such Grantor, all
other parties thereto in accordance with their terms. There exists no default by such Grantor under any Assigned Agreement to which such Grantor is a party, other than any default that could not reasonably be expected to have a Material Adverse
Effect. 
  

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 (i) Such Grantor has no deposit accounts, other than the Excluded Accounts, the Collateral Proceeds
Account, the Pledged Deposit Accounts listed on Schedule II hereto and additional Pledged Deposit Accounts as to which such Grantor has complied with the applicable requirements of Section 6. 
 (j) Such Grantor is not a beneficiary or assignee under any letter of credit, other than the letters of credit described in Schedule IX hereto and
additional letters of credit as to which such Grantor has complied with the requirements of Section 17. 
 (k) This Agreement creates in
favor of the Collateral Trustee for the benefit of the Secured Parties a valid security interest in the Collateral granted by such Grantor, securing the payment of the Secured Obligations. The security interest in the Collateral created under this
Agreement and subject to the UCC (the “UCC Collateral”) constitutes, subject only to the filing of appropriate financing statements in the filing offices set forth opposite each Grantor’s name on Schedule X hereof
pursuant to the UCC, the recordation of the Intellectual Property Security Agreement with the U.S. Patent and Trademark Office and the U.S. Copyright Office and the execution of appropriate control agreements, a perfected security interest in the
UCC Collateral granted by such Grantor to the extent that a security interest in such UCC Collateral may be perfected by the filing of a financing statement, the recordation of a security agreement with the U.S. Patent and Trademark Office and the
U.S. Copyright Office (except to the extent that the recordation of any such security agreement is not required pursuant to this Agreement or the other Priority Lien Documents) or by the execution of a control agreement (except to the extent that
the execution of any such control agreement is not required pursuant to the terms of this Agreement or the other Priority Lien Documents), subject only to Permitted Liens. Such security interest held by Collateral Trustee for the Secured Parties is,
in the case of a security interest in the Noteholder First Lien Collateral, first priority and, in the case of a security interest in the ABL First Lien Collateral, second priority in accordance with the Intercreditor Agreement, in each case subject
only to Permitted Liens. 
 (l) No authorization or approval or other action by, and no notice to or filing with, any governmental authority
or regulatory body or any other third party is required for (i) the grant by such Grantor of the security interest granted hereunder or for the execution, delivery or performance of this Agreement by such Grantor, (ii) the perfection or
maintenance of the security interest created under this Agreement (including the priorities of such security interest described in clause (k) above), except for (x) the filing of financing and continuation statements under the UCC, which
financing statements have been delivered or made available to the Collateral Trustee in proper form for filing, (y) the recordation of the Intellectual Property Security Agreements referred to in Section 14(f) with the U.S. Patent and
Trademark Office and the U.S. Copyright Office, which agreements have been (or concurrently with the execution of this Agreement will be) duly executed, will be promptly recorded and are in full force and effect and (z) execution and delivery
of control agreements, or (iii) the exercise by the Collateral Trustee of its voting or other rights provided for in this Agreement or the remedies in respect of the Collateral pursuant to this Agreement, except as may be required in connection
with the disposition of any portion of the Security Collateral by laws affecting the offering and sale of securities generally. 
  

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 (m) Each Grantor has taken reasonable steps to assure that all Inventory has been produced in compliance
in all material respects with the Fair Labor Standards Act and, to the extent non-compliance therewith could reasonably be expected to have a Material Adverse Effect, all other Applicable Laws. 
 (n) As to itself and its Intellectual Property Collateral: 
 (i) The operation of such Grantor’s business as currently conducted and the use of the Intellectual Property Collateral in connection therewith do not, to the knowledge of such Grantor, conflict with, infringe,
misappropriate, dilute, misuse or otherwise violate the intellectual property rights of any third party, except as disclosed on Schedule IV of this Agreement. 
 (ii) Such Grantor is the exclusive owner of all right, title and interest in and to its material Intellectual Property Collateral (other
than IP Agreements), and is entitled to use all such Intellectual Property Collateral in connection with its business as currently conducted subject only to the terms of the IP Agreements. 
 (iii) The Intellectual Property Collateral set forth on Schedule IV hereto includes all of the patents, patent applications, domain names,
trademark and service mark registrations and applications, copyright registrations and applications and material IP Agreements (other than off-the-shelf licenses for computer software) owned by such Grantor as of the date hereof. 
 (iv) The Intellectual Property Collateral is subsisting and has not been adjudged invalid or unenforceable in whole or part, and to such
Grantor’s knowledge, is valid and enforceable. To such Grantor’s knowledge, such Grantor is not using any item of Intellectual Property Collateral that could reasonably be expected to lead to such item becoming invalid or unenforceable.

 (v) Except for any Intellectual Property Collateral, the loss of which could not be reasonably likely to have a Material
Adverse Effect and as to which such Grantor has determined the use, pursuit or maintenance thereof is not desirable in the conduct of such Grantor’s business, such Grantor has made or performed all filings, recordings and other acts and has
paid all required fees and taxes to maintain and protect its interest in its material registered Intellectual Property Collateral in full force and effect, and to protect and maintain its interest therein including, without limitation, recordations
of any of its interests in the Patents and Trademarks with the U.S. Patent and Trademark Office and in corresponding national and international trademark and patent offices, and recordation of any of its interests in the Copyrights with the U.S.
Copyright Office and in corresponding national and international copyright offices. Except where it could not be reasonably likely to have a Material Adverse Effect, such Grantor has used proper statutory notice in connection with its use of each
patent, trademark and copyright included in the Intellectual Property Collateral. 
  

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 (vi) Except as disclosed on Schedule IV to this Agreement, no claim, action, suit,
investigation, litigation or proceeding has been formally initiated, is pending or, except where it could not be reasonably likely to have a Material Adverse Effect, threatened, against such Grantor (i) challenging or seeking to deny or
restrict the Grantor’s rights in or use of any of the Intellectual Property Collateral, (ii) alleging that the Grantor’s rights in or use of the Intellectual Property Collateral or that any services provided by, processes used by, or
products manufactured or sold by, such Grantor infringe, misappropriate, dilute, misuse or otherwise violate any patent, trademark, copyright or other proprietary or intellectual property right of any third party, or (iii) alleging that the
Intellectual Property Collateral is being licensed or sublicensed by such Grantor in violation or contravention of the terms of any license or other agreement. Except as disclosed on Schedule IV to this Agreement, to the knowledge of such Grantor,
no Person is engaging in any activity that infringes, misappropriates, dilutes, misuses or otherwise violates such Grantor’s rights in any Intellectual Property Collateral or the Grantor’s use thereof. Except where it could not be
reasonably likely to have a Material Adverse Effect, such Grantor has not granted any license, release, covenant not to sue, non-assertion assurance, or other right to any Person with respect to any part of the Intellectual Property Collateral. The
consummation of the transactions contemplated by the Priority Lien Documents will not result in the termination or impairment of any of the Intellectual Property Collateral. 
 (vii) With respect to each IP Agreement: (A) except where it could not be reasonably likely to have a Material Adverse Effect, such
IP Agreement is valid and binding and in full force and effect and represents the entire agreement between such Grantor and, to such Grantor’s knowledge, the other parties thereto with respect to the subject matter thereof; (B) such IP
Agreement will not cease to be valid and binding and in full force and effect on terms identical to those currently in effect as a result of the rights and interest granted herein, nor will the grant of such rights and interest constitute a breach
or default under such IP Agreement or otherwise give any party thereto a right to terminate such IP Agreement; (C) such Grantor has not received any notice of termination or cancellation under such IP Agreement; (D) such Grantor has not
received any notice of a breach or default under such IP Agreement, which breach or default has not been cured; (E) such Grantor has not granted to any other third party (other than the ABL Agent) any rights, adverse or otherwise, under such IP
Agreement, except duly authorized sublicenses and as permitted under the Priority Lien Documents; and (F) neither such Grantor nor, to such Grantor’s knowledge, any other party to such IP Agreement is in breach or default thereof in any
material respect, and no event has occurred that, with notice or lapse of time or both, would constitute such a breach or default or permit termination, modification or acceleration under such IP Agreement. 
  

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 (viii) Except where it could not be reasonably likely to have a Material Adverse Effect,
(A) none of the Trade Secrets of such Grantor have been used, divulged, disclosed or appropriated to the detriment of such Grantor for the benefit of any Person other than such Grantor; (B) no employee, independent contractor or agent of
such Grantor has misappropriated any trade secrets of any other Person in the course of the performance of his or her duties as an employee, independent contractor or agent of such Grantor; and (C) no employee, independent contractor or agent
of such Grantor is in default or breach of any term of any employment agreement, non-disclosure agreement, assignment of inventions agreement or similar agreement or contract relating in any way to the protection, ownership, development, use or
transfer of such Grantor’s rights in any Intellectual Property Collateral. 
 (ix) No Grantor or Intellectual Property
Collateral is subject to any outstanding consent, settlement, decree, order, injunction, judgment or ruling (except for office actions in the U.S. Patent and Trademark Office, the U.S. Copyright Office, or any other similar foreign intellectual
property governmental authority) restricting the use of any Intellectual Property Collateral or that would impair the validity or enforceability of such Intellectual Property Collateral. 
 (o) Such Grantor has no commercial tort claims which might reasonably be expected to result in awarded damages (except to the extent the aggregate amount
thereof for such Grantor (less any and all legal and other expenses incurred or reasonably expected to be incurred by such Grantor) does not exceed $200,000) other than those listed in Schedule V hereto and additional commercial tort claims as to
which such Grantor has complied with the requirements of Section 18. 
 Section 10. Further Assurances. (a) Each Grantor
agrees that from time to time, at the expense of such Grantor, such Grantor will promptly execute and deliver, or otherwise authenticate, all further instruments and documents, and take all further action that may be necessary or desirable, or that
the Collateral Trustee may request, in order to perfect and protect any pledge or security interest granted or purported to be granted by such Grantor hereunder or to enable the Collateral Trustee to exercise and enforce its rights and remedies
hereunder with respect to any Collateral of such Grantor. Without limiting the generality of the foregoing, each Grantor will promptly with respect to Collateral of such Grantor: (i) at the request of the Collateral Trustee during the
continuance of any Priority Lien Default, mark conspicuously each document included in Inventory, each chattel paper included in Receivables, each Related Contract, each Assigned Agreement and, at the request of the Collateral Trustee, each of its
records pertaining to such Collateral with a legend, in form and substance satisfactory to the Collateral Trustee, indicating that such document, chattel paper, Related Contract, Assigned Agreement or Collateral is subject to the security interest
granted hereby; (ii) if any such Collateral shall be evidenced by a promissory note or other instrument or chattel paper (except to the extent the aggregate outstanding principal amount thereof owing to such Grantor does not exceed $200,000),
deliver and pledge to the Collateral Trustee (unless such promissory note or other instrument or chattel paper is required to be delivered and has been so delivered to the ABL Agent pursuant to the Intercreditor Agreement) such note or instrument or
chattel paper duly indorsed and accompanied by duly executed instruments of transfer or assignment, all in form and substance satisfactory to the Collateral Trustee; (iii) file, or authorize the Collateral Trustee to file, such financing or
continuation statements, or amendments thereto, and such other instruments or notices as may be necessary or desirable or as the Collateral Trustee may request (and such financing statements or instruments may describe the Collateral in the 

  

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same manner as described in this or any related security document or may contain an indication or description of Collateral that describes such property in
any manner as the Collateral Trustee may determine is necessary, advisable or prudent to ensure the perfection of the security interest in the Collateral granted to the Collateral Trustee in connection herewith, and ratifies any action taken by the
Collateral Trustee prior to the incurrence of any Series of Priority Lien to effect or perfect its Lien on any Collateral), in any jurisdictions and with any filing offices, in order to perfect and preserve the security interest granted or purported
to be granted by such Grantor hereunder; and (iv) deliver to the Collateral Trustee evidence that all other actions that the Collateral Trustee may deem reasonably necessary or desirable in order to perfect and protect the security interest
granted or purported to be granted by such Grantor under this Agreement has been taken. 
 (b) Each Grantor hereby authorizes the Collateral
Trustee to file one or more financing or continuation statements, and amendments thereto, including, without limitation, one or more financing statements indicating that such financing statements cover all or any assets or all or any personal
property (or words of similar effect) of such Grantor, in each case whether now existing or hereafter acquired or arising, regardless of whether any particular asset described in such financing statements falls within the scope of the UCC or the
granting clause of this Agreement. A photocopy or other reproduction of this Agreement shall be sufficient as a financing statement where permitted by law. Each Grantor ratifies its authorization for the Collateral Trustee to have filed such
financing statements, continuation statements or amendments filed prior to the date hereof. 
 (c) Each Grantor will furnish to the
Collateral Trustee from time to time statements and schedules further identifying and describing the Collateral of such Grantor and such other reports in connection with such Collateral as the Collateral Trustee may reasonably request, all in
reasonable detail. 
 (d) Without limiting the foregoing, within 10 Business Days following the end of each fiscal quarter, the Grantors
shall notify the Collateral Trustee in writing if any of them has any property or asset in which a perfected security interest required by the Priority Lien Documents has not been granted to the Collateral Trustee for the benefit of the holders of
the Secured Obligations. In the event that any Grantor owns or holds any such property or asset, then within 60 days after such notification to the Collateral Trustee, such Grantor(s) shall deliver to the Collateral Trustee all applicable
documentation, and shall take other actions as necessary to effect Collateral Trustee’s Lien on such property or asset, and promptly upon the request of the Collateral Trustee, such Grantor(s) shall take such other actions as the Collateral
Trustee deems necessary to give effect to the immediately preceding two sentences. In addition, if any Collateral is in the possession of a third party, at the request of the Collateral Trustee, the Grantors shall use their commercially reasonable
efforts to obtain a Lien Waiver with respect to such Collateral. Upon the formation or acquisition of any new direct or indirect Restricted Subsidiary of the Company that is required by the terms of the Priority Lien Documents to become a Grantor
hereunder, within 30 days the Grantors shall cause such Restricted Subsidiary, to duly execute and deliver to the Collateral Trustee amendments to each of the Priority Lien Documents in form and substance reasonably satisfactory to the Collateral
Trustee, to cause or authorize the filing of appropriate UCC financing statements, and to take any other action as may be necessary to vest in the Collateral Trustee valid and subsisting Liens on the properties purported to be subject thereto.

  

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 Section 11. As to Equipment and Inventory. (a) Each Grantor will keep its Equipment and
Inventory (other than Inventory in transit, mobile Equipment and Equipment out for service or repair) at the places therefor specified in Section 9(c), except that such Grantor may (i) make sales or other dispositions of Equipment and
Inventory in accordance with the Priority Lien Documents and (ii) move Inventory to (A) any location on Schedule VIII hereto or (B) so long as such Grantor has given Collateral Trustee notice at least 15 days prior to moving any
Equipment or Inventory thereto, any other location in the United States. 
 (b) Except as could not reasonably be expected to have a Material
Adverse Effect, each Grantor will cause its Equipment to be maintained and preserved in the same condition, repair and working order as when new, ordinary wear and tear excepted, and will forthwith, or in the case of any loss or damage to any of
such Equipment as soon as practicable after the occurrence thereof, make or cause to be made all repairs, replacements and other improvements in connection therewith that are necessary or desirable to such end. Each Grantor will promptly furnish to
the Collateral Trustee a statement respecting any loss or damage exceeding $250,000 to any of its Equipment or Inventory. 
 (c) Each Grantor
will pay promptly when due all property and other taxes, assessments and governmental charges or levies imposed upon, and all claims (including, without limitation, claims for labor, materials and supplies) against, its Equipment and Inventory,
except where the such taxes, assessments, charges, levies or claims are being Properly Contested or where the failure to pay such taxes, assessments, charges, levies or claims could not reasonably be expected to have a Material Adverse Effect. In
producing its Inventory, each Grantor will take reasonable steps to assure that such Inventory is produced in compliance in all material respects with the Fair Labor Standards Act and, to the extent non-compliance therewith could reasonably be
expected to have a Material Adverse Effect, all other Applicable Laws. 
 Section 12. Insurance. (a) Each Grantor will, at its
own expense, maintain insurance with respect to its Equipment and Inventory in such amounts, against such risks, in such form and with such insurers, as shall be reasonably satisfactory to the Collateral Trustee. Each policy of each Grantor for
liability insurance shall provide for all losses to be paid on behalf of the Collateral Trustee and such Grantor as their interests may appear, and each policy for property damage insurance shall provide for all losses (except for losses of less
than $250,000 per occurrence) to be paid directly to the Collateral Trustee (unless, in the case of Inventory, the ABL Agent is granted a prior security interest therein and such applicable insurance policy provides for all losses to be paid
directly to the ABL Agent). Unless Collateral Trustee shall agree otherwise and except as provided in the Intercreditor Agreement, each such policy shall in addition (i) name such Grantor and the Collateral Trustee as insured parties or loss
payees thereunder (without any representation or warranty by or obligation upon the Collateral Trustee) as their interests may appear, (ii) contain the agreement by the insurer that any loss thereunder shall be payable to the Collateral Trustee
notwithstanding any action, inaction or breach of representation or warranty by such Grantor, (iii) provide that there shall be no recourse against the Collateral Trustee for payment of premiums or other amounts with respect thereto and
(iv) provide that at least 30 days’ prior written notice of cancellation or of lapse shall be given to the Collateral Trustee by the insurer. Each Grantor will, if so requested by the Collateral Trustee, deliver to the Collateral Trustee
original or duplicate policies of such insurance and, as often as the Collateral Trustee may reasonably request, a report of a reputable insurance broker with respect to such insurance. 
  

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 (b) Reimbursement under any liability insurance maintained by any Grantor pursuant to this
Section 12 may be paid directly to the Person who shall have incurred liability covered by such insurance. 
 (c) Any proceeds of
insurance (other than proceeds from workers’ compensation or D&O insurance) relating to, and any awards arising from condemnation of, any Noteholder First Lien Collateral, in each case net of any taxes and other out-of-pocket fees and
expenses, shall be (i) so long as no Priority Lien Default has occurred and is continuing, reinvested within 365 days of the receipt of such net proceeds or awards to acquire or repair Equipment or (ii) paid to Collateral Trustee and
applied pursuant to Section 3.4 of the Collateral Trust Agreement. 
 Section 13. Post-Closing Changes; Collections on Assigned
Agreements, Receivables and Related Contracts. (a) Without limiting any prohibitions or restrictions on mergers or other transactions set forth in the Priority Lien Documents, no Grantor will change its name, type of organization,
jurisdiction of organization or organizational identification number from those set forth in Section 9(a) of this Agreement without prior written notice to the Collateral Trustee and taking all action reasonably required by the Collateral
Trustee for the purpose of perfecting or protecting the security interest granted by this Agreement. Each Grantor will hold and preserve its records relating to the Collateral, including, without limitation, the Related Contracts, and will permit
representatives of the Collateral Trustee at any time subject to reasonable notice and during normal business hours to inspect and make abstracts from such records and other documents. If any Grantor does not have an organizational identification
number and later obtains one, it will forthwith notify the Collateral Trustee of such organizational identification number. 
 (b) Except as
otherwise provided in this subsection (b), each Grantor will continue to collect, at its own expense, all amounts due or to become due such Grantor under the Receivables and Related Contracts. In connection with such collections, such Grantor may
take such action as such Grantor may deem necessary or advisable to enforce collection of the Assigned Agreements, Receivables and Related Contracts; provided, however, that the Collateral Trustee shall have the right at any time,
after the Discharge of ABL Debt Obligations and upon the occurrence and during the continuance of a Priority Lien Default and upon written notice to such Grantor of its intention to do so, to notify the Obligors under any Assigned Agreements,
Receivables and Related Contracts of the assignment of such Assigned Agreements, Receivables and Related Contracts to the Collateral Trustee and to direct such Obligors to make payment of all amounts due or to become due to such Grantor thereunder
directly to the Collateral Trustee and, upon such notification and at the expense of such Grantor, to enforce collection of any such Assigned Agreements, Receivables and Related Contracts, to adjust, settle or compromise the amount or payment
thereof, in the same manner and to the same extent as such Grantor might have done, and to otherwise exercise all rights with respect to such Assigned Agreements, Receivables and Related Contracts, including, without limitation, those set forth set
forth in Section 9-607 of the UCC. After receipt by any Grantor of the notice from the Collateral Trustee referred to in the proviso to the preceding sentence and so long as a Priority Lien Default is continuing and after the 

  

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Discharge of ABL Debt Obligations, (i) all amounts and proceeds (including, without limitation, instruments) received by such Grantor in respect of the
Assigned Agreements, Receivables and Related Contracts of such Grantor shall be received in trust for the benefit of the Collateral Trustee hereunder, shall be segregated from other funds of such Grantor and shall be forthwith paid over to the
Collateral Trustee in the same form as so received (with any necessary indorsement) to be deposited in the Cash Collateral Account and either (A) released to such Grantor if no Priority Lien Default shall have occurred and be continuing or
(B) if any Priority Lien Default shall have occurred and be continuing, applied as provided in Section 23(b) and (ii) such Grantor will not adjust, settle or compromise the amount or payment of any Receivable or amount due on any
Assigned Agreement or Related Contract, release wholly or partly any Obligor thereof or allow any credit or discount thereon. No Grantor will permit or consent to the subordination of its right to payment under any of the Assigned Agreements,
Receivables and Related Contracts to any other indebtedness or obligations of the Obligor thereof. 
 Section 14. As to Intellectual
Property Collateral. (a) Subject to the last sentence of this Section 14(a), with respect to each item of its Intellectual Property Collateral, each Grantor agrees to take, at its expense, all necessary steps, including, without
limitation, in the U.S. Patent and Trademark Office, the U.S. Copyright Office and any other governmental authority, to (i) maintain the validity and enforceability of such Intellectual Property Collateral and maintain such Intellectual
Property Collateral in full force and effect, and (ii) pursue the registration and maintenance of each patent, trademark, or copyright registration or application, now or hereafter included in such Intellectual Property Collateral of such
Grantor, including, without limitation, the payment of required fees and taxes, the filing of responses to office actions issued by the U.S. Patent and Trademark Office, the U.S. Copyright Office or other governmental authorities, the filing of
applications for renewal or extension, the filing of affidavits under Sections 8 and 15 of the U.S. Trademark Act, the filing of divisional, continuation, continuation-in-part, reissue and renewal applications or extensions, the payment of
maintenance fees and the participation in interference, reexamination, opposition, cancellation, infringement and misappropriation proceedings. No Grantor shall, without the written consent of the Collateral Trustee, sell, assign, convey, transfer,
discontinue use of, permit to lapse, or otherwise abandon any Intellectual Property Collateral, or abandon any right to file an application for patent, trademark, or copyright, unless such Grantor shall have previously determined that such use or
the pursuit or maintenance of such Intellectual Property Collateral is no longer desirable in the conduct of such Grantor’s business and that the loss thereof could not reasonably be likely to have a Material Adverse Effect. 
 (b) Each Grantor agrees promptly to notify the Collateral Trustee if such Grantor becomes aware (i) that any item of the Intellectual Property
Collateral may have become abandoned, placed in the public domain, invalid or unenforceable, or of any adverse determination or development regarding such Grantor’s ownership of any item of Intellectual Property Collateral or its right to
register any patent, trademark or copyright included in the Intellectual Property Collateral or to keep and maintain and enforce any issued patent or patent application or any registration or application for any trademark or copyright, except to the
extent that such Grantor is permitted to abandon or discontinue use of such Intellectual Property Collateral under Section 14(a) above, or (ii) of any adverse determination or the institution of any proceeding (including, without
limitation, the institution of any proceeding in the U.S. Patent and Trademark Office or any court) regarding any item of the Intellectual Property Collateral that is material to such Grantor’s business. 
  

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 (c) In the event that any Grantor becomes aware that any item of the Intellectual Property Collateral
that is material to such Grantor’s business is being infringed, misappropriated, diluted or otherwise violated by a third party, such Grantor shall promptly notify the Collateral Trustee and shall take such actions, at its expense, as such
Grantor or the Collateral Trustee deems reasonable and appropriate under the circumstances to protect or enforce such Intellectual Property Collateral, including, without limitation, suing for infringement or misappropriation and for an injunction
against such infringement or misappropriation. 
 (d) Each Grantor shall use appropriate statutory notice in connection with its use of
registered trademarks, appropriate marking practices in connection with its use of patents, and appropriate notice of copyright in connection with the publication of copyrights, in each case, that are included in the Intellectual Property
Collateral. No Grantor shall do or permit any act or knowingly omit to do any act whereby any of its Intellectual Property Collateral may lapse or become invalid or unenforceable or placed in the public domain, except to the extent that such Grantor
is permitted to abandon or discontinue use of such Intellectual Property Collateral under Section 14(a) above. 
 (e) Each Grantor shall
take all steps which it or, consistent with the terms of this Agreement, the Collateral Trustee deems reasonable and appropriate under the circumstances to preserve and protect each item of its Intellectual Property Collateral, including, without
limitation, maintaining the quality of any and all products or services used or provided in connection with any of the Trademarks, consistent with the quality of the products and services as of the date hereof, and taking all steps necessary to
ensure that all licensed users of any of the Trademarks use such consistent standards of quality. 
 (f) With respect to its Intellectual
Property Collateral, each Grantor agrees to execute or otherwise authenticate an agreement, in substantially the form set forth in Exhibit A hereto or otherwise in form and substance satisfactory to the Collateral Trustee (an
“Intellectual Property Security Agreement”), for recording the security interest granted hereunder to the Collateral Trustee in such Intellectual Property Collateral with the U.S. Patent and Trademark Office, the U.S.
Copyright Office and, to the extent reasonably requested by the Collateral Trustee, any other governmental authorities necessary to perfect the security interest hereunder in such Intellectual Property Collateral. 
 (g) Each Grantor agrees that should it obtain or otherwise acquire an ownership interest in any item of the type set forth in Section 2(g) that is
not on the date hereof a part of the Intellectual Property Collateral (“After-Acquired Intellectual Property”) (i) the provisions of this Agreement shall automatically apply thereto, and (ii) any such After-Acquired
Intellectual Property and, in the case of trademarks, the goodwill symbolized thereby, shall automatically become part of the Intellectual Property Collateral subject to the terms and conditions of this Agreement with respect thereto. In conjunction
with Section 10.3(d), within 10 Business Days following the end of each fiscal quarter (or such later date as the Collateral Trustee may specify in its sole discretion), each Grantor shall notify 

  

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Collateral Trustee in writing identifying any patent, patent applications, trademark registrations, trademark applications, copyright registrations and
copyright applications included in the After-Acquired Intellectual Property, and, within 30 days after such notification to Collateral Trustee, such Grantor shall execute and deliver to the Collateral Trustee with such written notice, or otherwise
authenticate, an agreement substantially in the form of Exhibit B hereto or otherwise in form and substance satisfactory to the Collateral Trustee (an “IP Security Agreement Supplement”) covering such After-Acquired
Intellectual Property, which IP Security Agreement Supplement shall be recorded with the U.S. Patent and Trademark Office, the U.S. Copyright Office and, to the extent reasonably requested by the Collateral Trustee, any other governmental
authorities necessary to perfect the security interest hereunder in such After-Acquired Intellectual Property. 
 Section 15. Voting
Rights; Dividends; Etc. (a) So long as no Priority Lien Default shall have occurred and be continuing: 
 (i) Each Grantor
shall be entitled to exercise any and all voting and other consensual rights pertaining to the Security Collateral of such Grantor or any part thereof for any purpose; provided, however, that such Grantor will not exercise or refrain from
exercising any such right if such action would have a material adverse effect on the value of the Security Collateral or any part thereof. 
 (ii) Each Grantor shall be entitled to receive and retain any and all dividends, interest and other distributions paid in respect of the Security Collateral of such Grantor if and to the extent that the payment
thereof is not otherwise prohibited by the terms of the Priority Lien Documents; provided, however, that if any Priority Lien Default has occurred and is continuing, any and all 
 (A) dividends, interest and other distributions paid or payable other than in cash in respect of, and instruments and other property
received, receivable or otherwise distributed in respect of, or in exchange for, any Security Collateral, 
 (B) dividends and
other distributions paid or payable in cash in respect of any Security Collateral in connection with a partial or total liquidation or dissolution or in connection with a reduction of capital, capital surplus or paid in surplus and 
 (C) cash paid, payable or otherwise distributed in respect of principal of, or in redemption of, or in exchange for, any Security
Collateral 
 shall be, and shall be forthwith delivered to the Collateral Trustee (unless such cash is required to be delivered and has been
so delivered to the ABL Agent pursuant to the Intercreditor Agreement) to hold as, Security Collateral and shall, if received by such Grantor, be received in trust for the benefit of the Collateral Trustee, be segregated from the other property or
funds of such Grantor and be forthwith delivered to the Collateral Trustee (unless such cash is required to be delivered and has been so delivered to the ABL Agent pursuant to the Intercreditor Agreement) as Security Collateral in the same form as
so received (with any necessary indorsement). 
  

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 (iii) Subject to the Intercreditor Agreement, the Collateral Trustee will execute and
deliver (or cause to be executed and delivered) to each Grantor all such proxies and other instruments as such Grantor may reasonably request for the purpose of enabling such Grantor to exercise the voting and other rights that it is entitled to
exercise pursuant to paragraph (i) above and to receive the dividends or interest payments that it is authorized to receive and retain pursuant to paragraph (ii) above. 
 (b) Upon the occurrence and during the continuance of a Priority Lien Default: 
 (i) All rights of each Grantor (x) to exercise or refrain from exercising the voting and other consensual rights that it would
otherwise be entitled to exercise pursuant to Section 15(a)(i) shall, upon notice to such Grantor by the Collateral Trustee, cease and (y) to receive the dividends, interest and other distributions that it would otherwise be authorized to
receive and retain pursuant to Section 15(a)(ii) shall automatically cease, and all such rights shall thereupon become vested in the Collateral Trustee, which shall thereupon so long as a Priority Lien Default shall be continuing have the sole
right to exercise or refrain from exercising such voting and other consensual rights and to receive and hold as Security Collateral such dividends, interest and other distributions. 
 (ii) All dividends, interest and other distributions that are received by any Grantor contrary to the provisions of paragraph (i) of
this Section 15(b) shall, so long as a Priority Lien Default shall be continuing, be received in trust for the benefit of the Collateral Trustee, shall be segregated from other funds of such Grantor and shall be forthwith paid over to the
Collateral Trustee (unless such dividends, interest and other distributions are required to be delivered and have been so delivered to the ABL Agent pursuant to the Intercreditor Agreement) as Security Collateral in the same form as so received
(with any necessary indorsement). 
 Section 16. As to the Assigned Agreements. (a) Each Grantor will at its expense: 

(i) perform and observe all terms and provisions of the Assigned Agreements to be performed or observed by it, maintain the Assigned
Agreements to which it is a party in full force and effect, enforce the Assigned Agreements to which it is a party in accordance with the terms thereof and take all such action to such end as may be reasonably requested from time to time by the
Collateral Trustee, except where the failure to do so could not reasonably be expected to have a Material Adverse Effect; and 
 (ii) furnish to the Collateral Trustee or its counsel on a confidential basis promptly upon receipt thereof copies of all notices, requests and other documents received by such Grantor under or pursuant to the Assigned Agreements to which
it is a party, and from time to time (A) furnish to the Collateral Trustee or its counsel (in each case on a confidential basis) such information and reports regarding the Assigned Agreements and such other Collateral of such Grantor as the
Collateral Trustee may reasonably request and (B) if a Priority Lien Default shall have occurred and be continuing, upon request of the Collateral Trustee, make to each other party to any Assigned Agreement to which it is a party such demands
and requests for information and reports or for action as such Grantor is entitled to make thereunder. 
  

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 (b) Each Grantor agrees that it will not, except to the extent otherwise permitted under the Priority
Lien Documents and except where such action could not reasonably be expected to have a Material Adverse Effect: 
 (i) cancel
or terminate any Assigned Agreement to which it is a party or consent to or accept any cancellation or termination thereof; 
 (ii) amend, amend and restate, supplement or otherwise modify any such Assigned Agreement or give any consent, waiver or approval thereunder; 
 (iii) waive any default under or breach of any such Assigned Agreement; or 
 (iv) take any
other action in connection with any such Assigned Agreement that would impair the value of the interests or rights of such Grantor thereunder or that would impair the interests or rights of any Secured Party. 
 (c) Each Grantor hereby consents on its behalf and on behalf of its Subsidiaries to the assignment and pledge to the Collateral Trustee for benefit of
the Secured Parties of each Assigned Agreement to which it is a party by any other Grantor hereunder. 
 Section 17. As to
Letter-of-Credit Rights. (a) Each Grantor, by granting a security interest in its Receivables consisting of letter-of-credit rights to the Collateral Trustee, intends to (and hereby does) assign to the Collateral Trustee its rights
(including its contingent rights) to the proceeds of all Related Contracts consisting of letters of credit of which it is or hereafter becomes a beneficiary or assignee. Each Grantor will promptly use commercially reasonable efforts to cause the
issuer of each letter of credit and each nominated person (if any) with respect thereto to consent to such assignment of the proceeds thereof pursuant to a consent in form and substance reasonably satisfactory to the Collateral Trustee (with
provisions necessary to reflect the ABL Agent’s prior security interest therein pursuant to the Intercreditor Agreement if the ABL Agent is required to be assigned (and has been assigned) the proceeds thereof pursuant to a prior security
interest therein for the benefit of the Secured Parties in accordance with the Intercreditor Agreement) and deliver written evidence of such consent to the Collateral Trustee. 
 (b) Upon the occurrence of a Priority Lien Default, each Grantor will, promptly upon request by the Collateral Trustee, (i) notify (and such Grantor
hereby authorizes the Collateral Trustee to notify) the issuer and each nominated person with respect to each of the Related Contracts consisting of letters of credit that the proceeds thereof have been assigned to the Collateral Trustee hereunder
and any payments due or to become due in respect thereof are to be made directly to the Collateral Trustee or its designee and (ii) arrange for the Collateral Trustee (unless the ABL Agent is required to become (and has become) the transferee
beneficiary thereof pursuant to a prior security interest therein for the benefit of the Secured Parties pursuant to the Intercreditor Agreement) to become the transferee beneficiary of such letters of credit. 
  

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 Section 18. Commercial Tort Claims. Each Grantor will promptly give notice to the Collateral
Trustee of any commercial tort claim which might reasonably be expected to result in awarded damages (except to the extent the aggregate amount thereof for such Grantor(less any and all legal and other expenses incurred or reasonably expected to be
incurred by such Grantor) does not exceed $200,000) that any Grantor may become aware of after the date hereof and will promptly thereafter execute or otherwise authenticate a supplement to this Agreement, and otherwise take all necessary action, to
subject such commercial tort claim to the security interest created under this Agreement. 
 Section 19. Transfers and Other Liens.
Each Grantor agrees that it will not (i) sell, assign or otherwise dispose of, or grant any option with respect to, any of the Collateral, other than sales, assignments and other dispositions of Collateral, and options relating to Collateral,
permitted under the terms of the Priority Lien Documents, or (ii) create or suffer to exist any Lien upon or with respect to any of the Collateral of such Grantor except for the pledge, assignment and security interest created under this
Agreement and Liens permitted under the Priority Lien Documents. 
 Section 20. Collateral Trustee Appointed Attorney-in-Fact. Each
Grantor hereby irrevocably appoints the Collateral Trustee such Grantor’s attorney in fact, with full authority in the place and stead of such Grantor and in the name of such Grantor or otherwise, from time to time, upon the occurrence and
during the continuance of a Priority Lien Default, in the Collateral Trustee’s discretion, to take any action and to execute any instrument that the Collateral Trustee may deem necessary or advisable to accomplish the purposes of this
Agreement, including, without limitation: 
 (a) to obtain and adjust insurance required to be paid to the Collateral Trustee pursuant to
Section 12, 
 (b) to ask for, demand, collect, sue for, recover, compromise, receive and give acquittance and receipts for moneys due
and to become due under or in respect of any of the Collateral, 
 (c) to receive, indorse and collect any drafts or other instruments,
documents and chattel paper, in connection with clause (a) or (b) above, and 
 (d) to file any claims or take any action or
institute any proceedings that the Collateral Trustee may reasonably deem necessary or appropriate for the collection of any of the Collateral or otherwise to enforce compliance with the rights of the Collateral Trustee with respect to any of the
Collateral. 
 Section 21. Collateral Trustee May Perform. Upon the occurrence and during the continuance of a Priority Lien Default,
if any Grantor fails to perform any agreement contained herein, the Collateral Trustee may, but without any obligation to do so and without notice, itself perform, or cause performance of, such agreement, and the expenses of the Collateral Trustee
incurred in connection therewith shall be payable by such Grantor under Section 24. 
  

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 Section 22. The Collateral Trustee’s Duties. (a) The powers conferred on the Collateral
Trustee hereunder are solely to protect the Secured Parties’ interest in the Collateral and shall not impose any duty upon it to exercise any such powers. Except for the safe custody of any Collateral in its possession and the accounting for
moneys actually received by it hereunder, the Collateral Trustee shall have no duty as to any Collateral, as to ascertaining or taking action with respect to calls, conversions, exchanges, maturities, tenders or other matters relative to any
Collateral, whether or not any Secured Party has or is deemed to have knowledge of such matters, or as to the taking of any necessary steps to preserve rights against any parties or any other rights pertaining to any Collateral. The Collateral
Trustee shall be deemed to have exercised reasonable care in the custody and preservation of any Collateral in its possession if such Collateral is accorded treatment substantially equal to that which it accords its own property of similar nature.

 (b) Anything contained herein to the contrary notwithstanding, the Collateral Trustee may from time to time, when the Collateral Trustee
deems it to be necessary, appoint one or more subagents (each a “Subagent”) for the Collateral Trustee hereunder with respect to all or any part of the Collateral. In the event that the Collateral Trustee so appoints any
Subagent with respect to any Collateral, (i) the security interest granted in such Collateral by each Grantor hereunder shall be deemed for purposes of this Agreement to have been made to such Subagent, in addition to the Collateral Trustee,
for the ratable benefit of the Secured Parties, as security for the Secured Obligations of such Grantor, (ii) such Subagent shall automatically be vested, in addition to the Collateral Trustee, with all rights, powers, privileges, interests and
remedies of the Collateral Trustee hereunder with respect to such Collateral, and (iii) the term “Collateral Trustee”, when used herein in relation to any rights, powers, privileges, interests and remedies of the Collateral Trustee
with respect to such Collateral, shall include such Subagent; provided, however, that no such Subagent shall be authorized to take any action with respect to any such Collateral unless and except to the extent expressly authorized in
writing by the Collateral Trustee. 
 Section 23. Remedies. Subject to the Intercreditor Agreement, if any Priority Lien Default shall
have occurred and be continuing: 
 (a) The Collateral Trustee may exercise in respect of the Collateral, in addition to other rights and
remedies provided for herein or otherwise available to it, all the rights and remedies of a secured party upon default under the UCC (whether or not the UCC applies to the affected Collateral) and also may: (i) require each Grantor to, and each
Grantor hereby agrees that it will at its expense and upon request of the Collateral Trustee forthwith, assemble all or part of the Collateral as directed by the Collateral Trustee and make it available to the Collateral Trustee at a place and time
to be designated by the Collateral Trustee that is reasonably convenient to both parties; (ii) without notice except as specified below, sell the Collateral or any part thereof in one or more parcels at public or private sale, at any of the
Collateral Trustee’s offices or elsewhere, for cash, on credit or for future delivery, and upon such other terms as the Collateral Trustee may deem commercially reasonable; (iii) occupy any premises owned or leased by any of the Grantors
where the Collateral or any part thereof is assembled or located for a reasonable period in order to effectuate its rights and remedies hereunder or under law, without obligation to such Grantor in respect of such occupation; and (iv) exercise
any and all rights and 

  

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remedies of any of the Grantors under or in connection with the Collateral, or otherwise in respect of the Collateral, including, without limitation,
(A) any and all rights of such Grantor to demand or otherwise require payment of any amount under, or performance of any provision of, the Assigned Agreements, the Receivables, the Related Contracts and the other Collateral, (B) withdraw,
or cause or direct the withdrawal, of all funds with respect to the Account Collateral and (C) exercise all other rights and remedies with respect to the Assigned Agreements, the Receivables, the Related Contracts and the other Collateral,
including, without limitation, those set forth in Section 9-607 of the UCC. Each Grantor agrees that, to the extent notice of sale shall be required by law, at least ten days’ notice to such Grantor 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 Collateral Trustee shall not be obligated to make any sale of Collateral regardless of notice of sale having been given. The Collateral Trustee may
adjourn any public or private sale from time to time by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned. 
 (b) Any cash held by or on behalf of the Collateral Trustee and all cash proceeds received by or on behalf of the Collateral Trustee in respect of any
sale of, collection from, or other realization upon all or any part of the Collateral may, in the discretion of the Collateral Trustee, be held by the Collateral Trustee as collateral for, and/or then or at any time thereafter applied (after payment
of any amounts payable to the Collateral Trustee pursuant to Section 24) in whole or in part by the Collateral Trustee for the ratable benefit of the Secured Parties against, all or any part of the Secured Obligations, in the order described in
Section 3.4 of the Collateral Trust Agreement. 
 (c) All payments received by any Grantor in respect of the Collateral shall be
received in trust for the benefit of the Collateral Trustee, shall be segregated from other funds of such Grantor and shall be forthwith paid over to the Collateral Trustee in the same form as so received (with any necessary indorsement).

 (d) The Collateral Trustee may, without notice to any Grantor except as required by law and at any time or from time to time, charge, set
off and otherwise apply all or any part of the Secured Obligations against any funds held with respect to the Account Collateral or in any other deposit account. 
 (e) [Reserved]. 
 (f) In the event of any sale or other disposition of any of the Intellectual Property
Collateral of any Grantor, the goodwill symbolized by any Trademarks subject to such sale or other disposition shall be included therein, and such Grantor shall supply to the Collateral Trustee or its designee such Grantor’s know-how and
expertise, and documents and things relating to any Intellectual Property Collateral subject to such sale or other disposition, and such Grantor’s customer lists and other records and documents relating to such Intellectual Property Collateral
and to the manufacture, distribution, advertising and sale of products and services of such Grantor. 
  

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 (g) During the continuance of a Priority Lien Default, for the purpose of enabling the Collateral Trustee
to exercise rights and remedies under this Section 23 and solely at such time as the Collateral Trustee shall be lawfully entitled to exercise such rights and remedies, each Grantor hereby grants, subject to the terms and conditions of any
applicable IP Agreements, to the Collateral Trustee an irrevocable (during the continuance of such Priority Lien Default), non-exclusive license (exercisable without payment of royalty or other compensation to such Grantor) to use, license or
sublicense any of the Intellectual Property Collateral now owned or hereafter developed, created, or acquired by such Grantor, wherever the same may be located; provided that in connection with any such license or sublicense of any Trademark,
the Collateral Trustee shall ensure that any goods or services sold under such Trademark by any such licensee or sublicense will be of comparable quality to the goods and services of the applicable Grantor sold under such Trademark immediately prior
to such Priority Lien Default. The foregoing license includes reasonable access to all media in which any of the licensed items may be recorded or stored and to all computer programs used for the compilation or printout thereof. The foregoing
license shall be subject to any commercially reasonable quality standards and quality control practices, including any such quality standard and quality control practices in effect by each applicable Grantor and communicated to the Collateral
Trustee via e-mail or otherwise in writing by such Grantor, with respect to its Trademarks, immediately prior to such Priority Lien Default, and the Collateral Trustee shall retain the confidentiality of any confidential information, including any
trade secrets, included in the Intellectual Property Collateral licensed under this Section 23(g), consistent with commercially reasonable standards, including any reasonable standards in effect by each applicable Grantor as communicated to the
Collateral Trustee in writing by such Grantor, with respect to its confidential information, immediately prior to such Priority Lien Default. 
 Section 24. Indemnity and Expenses. (a) Each Grantor agrees to indemnify, defend and save and hold harmless each Secured Party and each of their Affiliates and their respective officers, directors, employees, agents and
attorneys-in-fact (each, an “Indemnified Party”) from and against, and shall pay on demand, any and all claims, damages, losses, liabilities and expenses (including, without limitation, reasonable fees and expenses of
counsel) that may be incurred by or asserted or awarded against any Indemnified Party, in each case arising out of or in connection with or resulting from this Agreement (including, without limitation, enforcement of this Agreement), except to the
extent such claim, damage, loss, liability or expense is found in a final, non-appealable judgment by a court of competent jurisdiction to have resulted from such Indemnified Party’s gross negligence or willful misconduct. 
 (b) Each Grantor will within 30 days of demand pay to the Collateral Trustee the amount of any and all reasonable documented out-of-pocket expenses,
including, without limitation, the reasonable documented fees and expenses of counsel and of any experts and agents, that the Collateral Trustee may incur in connection with (i) the administration of this Agreement, (ii) the custody,
preservation, use or operation of, or the sale of, collection from or other realization upon, any of the Collateral of such Grantor, (iii) the exercise or enforcement of any of the rights of the Collateral Trustee or the other Secured Parties
hereunder or (iv) the failure by such Grantor to perform or observe any of the provisions hereof. 
  

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 (c) All reasonable expenses of protecting, storing, warehousing, insuring, handling, maintaining and
shipping any Collateral, all taxes payable with respect to any Collateral (including any sale thereof), and all other payments required to be made to realize upon any Collateral, shall be borne and paid by the Grantors. Each of the Grantors shall
use all commercially reasonable efforts to defend its title to Collateral and the Liens of the Collateral Trustee thereon against all Persons, claims and demands whatsoever. 
 Section 25. Amendments; Waivers; Additional Grantors; Etc. (a) No amendment or waiver of any provision of this Agreement, and no consent to any
departure by any Grantor herefrom, shall in any event be effective unless the same shall be in writing and signed by the Collateral Trustee, and then such waiver or consent shall be effective only in the specific instance and for the specific
purpose for which given. No failure on the part of the Collateral Trustee or any other Secured Party 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 such
right preclude any other or further exercise thereof or the exercise of any other right. 
 (b) Upon the execution and delivery by any Person
of a security agreement supplement in substantially the form of Exhibit C hereto (each a “Security Agreement Supplement”), such Person shall be referred to as an “Additional Grantor” and shall be and
become a Grantor hereunder, and each reference in this Agreement and the other Priority Lien Documents to “Grantor” shall also mean and be a reference to such Additional Grantor, each reference in this Agreement and the other Priority Lien
Documents to the “Collateral” shall also mean and be a reference to the Collateral granted by such Additional Grantor and each reference in this Agreement to a Schedule shall also mean and be a reference to the schedules attached to such
Security Agreement Supplement. 
 Section 26. Notices, Etc. All notices and other communications provided for hereunder shall be made
in accordance with Section 7.7 of the Collateral Trust Agreement. Delivery by telecopier or electronic mail of an executed counterpart of any amendment or waiver of any provision of this Agreement or of any Security Agreement Supplement or
Schedule hereto shall be effective as delivery of an original executed counterpart thereof. 
 Section 27. Continuing Security Interest;
Assignments under the Priority Lien Documents. This Agreement shall create a continuing security interest in the Collateral and shall (a) remain in full force and effect until the Discharge, (b) be binding upon each Grantor, its
successors and assigns and (c) inure, together with the rights and remedies of the Collateral Trustee hereunder, to the benefit of the Secured Parties and their respective successors, transferees and assigns. Without limiting the generality of
the foregoing clause (c), any holder of Secured Obligations may assign or otherwise transfer all or any portion of its rights and obligations under the Priority Lien Documents (including, without limitation, all or any portion of the Note or Notes,
if any, held by it) to any other Person in accordance with the applicable Priority Lien Documents, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such holder of Secured Obligations herein or
otherwise, in each case in accordance with the applicable Priority Lien Documents. 
 Section 28. Release; Termination. (a) Upon
any release of all or any portion of the Collateral of any Grantor from the Liens created hereby, in each case in accordance with Section 4.1 of the Collateral Trust Agreement, the security interest created hereunder on such item of Collateral
shall be automatically released. 
  

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 (b) All or any portion of the Collateral shall be released from the Liens created hereby, and the other
Priority Lien Documents shall terminate, in each case in accordance with Section 4.1 of the Collateral Trust Agreement. The Collateral Trustee will, at the Grantor’s expense and in accordance with the Collateral Trust Agreement and the
Intercreditor Agreement, execute and deliver to Grantor Agent such documents as such Grantor Agent shall reasonably request to evidence the release of such item of Collateral from the assignment and security interest granted hereunder. The release
of the guaranty agreements executed by a Guarantor in favor of the Collateral Trustee shall be subject to the provisions of all applicable Priority Lien Documents. In connection with such release, Collateral Trustee shall promptly execute and
deliver to such Guarantor, at such Guarantor’s expense, all documents that such Guarantor shall reasonably request to evidence such termination or release of such guaranty or Liens. Any execution and delivery of documents pursuant to this
Section 28 shall be without recourse to or warranty by Collateral Trustee. 
 (c) Upon the Discharge, the security interest granted
hereby shall automatically terminate and all rights to the Collateral shall revert to the applicable Grantor. Upon any such termination, the Collateral Trustee will, at the applicable Grantor’s expense, execute and deliver to such Grantor such
documents as such Grantor shall reasonably request to evidence such termination. 
 Section 29. Execution in Counterparts. This
Agreement may be executed in any number of counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Delivery of an executed counterpart of a signature
page to this Agreement by telecopier shall be effective as delivery of an original executed counterpart of this Agreement. 
 Section 30.
Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO ANY CONFLICT OF LAW PRINCIPLES (BUT GIVING EFFECT TO SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATION LAW). 
 Section 31. Conflicts. In the event of any conflict or inconsistency between the provisions of this Agreement and the Collateral Trust Agreement,
the provisions of the Collateral Trust Agreement shall control, provided that in the event of inconsistency between the provisions of the Collateral Trust Agreement and the Intercreditor Agreement, the Intercreditor Agreement shall control.

 Section 32. Intercreditor Agreement. Reference is made to the Lien Subordination and Intercreditor Agreement, dated as of July 2, 2009,
among Bank of America, N.A., as agent for the ABL Secured Parties referred to therein; U.S. Bank National Association, as Noteholder Collateral Trustee (as defined in the Intercreditor Agreement); Solo Cup Company; Solo Cup Operating Company; and
the other subsidiaries of Solo Cup Company named therein (the “Intercreditor Agreement”). Each Person that is secured hereunder, by accepting the benefits of the security provided hereby, (i) consents (or is
deemed to consent), to the subordination of Liens provided for in the Intercreditor Agreement, (ii) agrees (or is deemed to agree) that it will be bound by, and will take no actions contrary to, the provisions of the Intercreditor Agreement,
(iii) authorizes (or is 

  

 32 

 
deemed to authorize) the Noteholder Collateral Trustee on behalf of such Person to enter into, and perform under, the Intercreditor Agreement and
(iv) acknowledges (or is deemed to acknowledge) that a copy of the Intercreditor Agreement was delivered, or made available, to such Person. 
 Notwithstanding any other provision contained herein, this Agreement, the Liens created hereby and the rights, remedies, duties and obligations provided for herein are subject in all respects to the provisions of
the Intercreditor Agreement and, to the extent provided therein, the applicable Security Documents (as defined in the Intercreditor Agreement). 
 IN WITNESS WHEREOF, each Grantor and the Collateral Trustee have caused this Agreement to be duly executed and delivered by their respective officers thereunto duly authorized as of the date first above written. 
  

									
		 		 	SOLO CUP COMPANY, as Issuer and Grantor
					
		 		 		 	By	 	/s/ Robert M. Korzenski
		 		 		 	Name: Robert M. Korzenski
		 		 		 	Title: President & CEO
			
		 		 	SOLO CUP OPERATING CORPORATION, as Issuer and Grantor
					
		 		 		 	By	 	/s/ Robert D. Koney, Jr.
		 		 		 	Name: Robert D. Koney, Jr.
		 		 		 	Title: Chief Financial Officer
			
	Address for Notices:	 		 	SF HOLDINGS GROUP, INC., as Grantor
				
	 	 		 	By	 	/s/ Jan Stern Reed
		 		 		 	Name: Jan Stern Reed
		 		 		 	Title: EVP – HR, General Counsel and Secretary
			
	Address for Notices:	 		 	SOLO MANUFACTURING LLC, as Grantor
				
	 	 		 	By	 	/s/ Richard Hernke
		 		 		 	Name: Richard Hernke
		 		 		 	Title: Treasurer

  

 Security Agreement 

									
	Address for Notices:	 		 	P.R. SOLO CUP, INC., as Grantor
				
	 	 		 	By	 	/s/ Richard Hernke
		 		 		 	Name: Richard Hernke
		 		 		 	Title: Treasurer
			
	Address for Notices:	 		 	LILY-CANADA HOLDING CORPORATION, as Grantor
				
	1700 Deerfield Road	 		 	By	 	/s/ Jan Stern Reed
	Highland Park, IL 60035	 		 	Name: Jan Stern Reed
		 		 		 	Title: Vice President & Secretary
			
	Address for Notices:	 		 	SOLO CUP OWINGS MILLS HOLDINGS, as Grantor
				
	 1700 Deerfield Road
 Highland, IL
60035
	 		 	By:	 	Solo Cup Operating Corporation, a Delaware corporation, as sole beneficial owner
					
		 		 		 	By	 	/s/ Jan Stern Reed
		 		 		 	Name: Jan Stern Reed
		 		 		 	Title: EVP – HR, General Counsel and Secretary
			
		 		 	 U.S. BANK NATIONAL ASSOCIATION,
 as
Collateral Trustee

				
		 		 	By	 	/s/ Raymond S. Haverstock
		 		 		 	Name: Raymond S. Haverstock
		 		 		 	Title: Vice President

  

 Security Agreement

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