Document:

EX-10.19

 Exhibit 10.19 

Execution Version 

ABL GUARANTEE AND COLLATERAL AGREEMENT, 

dated as of January 26, 2016, 

among 
 PET ACQUISITION
MERGER SUB LLC, 
 (to be merged with and into PETCO HOLDINGS, INC.) as the Initial Borrower, and 

immediately after giving effect to the Merger, as Holdings, 

PETCO ANIMAL SUPPLIES, INC., 

as the Successor Borrower, 

each other Grantor party hereto 

and 
 CITIBANK, N.A.,

 as Administrative Agent and Collateral Agent 

Reference is made to the Intercreditor Agreement dated as of January 26, 2016 (as amended, restated, supplemented or otherwise modified from
time to time, the “Intercreditor Agreement”), among Citibank, N.A., as ABL Agent (as defined therein) and Citibank, N.A., as Term Loan Agent (as defined therein), and acknowledged by Holdings, the Borrower and the
Subsidiaries from time to time party thereto. Notwithstanding anything herein to the contrary, the lien and security interest granted to the Collateral Agent, for the benefit of the secured parties hereunder, pursuant to this Agreement and the
exercise of any right or remedy by the Collateral Agent and the other secured parties hereunder are subject to the provisions of the Intercreditor Agreement. In the event of any conflict or inconsistency between the provisions of the Intercreditor
Agreement and this Agreement, the provisions of the Intercreditor Agreement shall control. 

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
		
	 Article I. DEFINITIONS
	  	 	1	 
			
	     Section 1.01
	  	 Credit Agreement
	  	 	1	 
	     Section 1.02
	  	 Other Defined Terms
	  	 	2	 
		
	 Article II. GUARANTEE
	  	 	9	 
			
	     Section 2.01
	  	 Guarantee
	  	 	9	 
	     Section 2.02
	  	 Guarantee of Payment
	  	 	9	 
	     Section 2.03
	  	 No Limitations, Etc
	  	 	9	 
	     Section 2.04
	  	 Reinstatement
	  	 	11	 
	     Section 2.05
	  	 Agreement To Pay; Contribution; Subrogation
	  	 	11	 
	     Section 2.06
	  	 Information
	  	 	12	 
	     Section 2.07
	  	 Maximum Liability
	  	 	12	 
	     Section 2.08
	  	 Taxes
	  	 	12	 
	     Section 2.09
	  	 Keepwell
	  	 	13	 
		
	 Article III. PLEDGE OF SECURITIES
	  	 	13	 
			
	     Section 3.01
	  	 Pledge
	  	 	13	 
	     Section 3.02
	  	 Delivery of the Pledged Collateral
	  	 	14	 
	     Section 3.03
	  	 Representations, Warranties and Covenants
	  	 	15	 
	     Section 3.04
	  	 Registration in Nominee Name; Denominations
	  	 	17	 
	     Section 3.05
	  	 Voting Rights; Dividends and Interest, Etc
	  	 	17	 
		
	 Article IV. SECURITY INTERESTS IN OTHER PERSONAL PROPERTY
	  	 	20	 
			
	     Section 4.01
	  	 Security Interest
	  	 	20	 
	     Section 4.02
	  	 Representations and Warranties
	  	 	23	 
	     Section 4.03
	  	 Covenants
	  	 	25	 
	     Section 4.04
	  	 Other Actions
	  	 	27	 
	     Section 4.05
	  	 Covenants Regarding Patent, Trademark and Copyright Collateral
	  	 	28	 
	     Section 4.06
	  	 Intercreditor Relations
	  	 	29	 
		
	 Article V. REMEDIES
	  	 	29	 
			
	     Section 5.01
	  	 Remedies Upon Default
	  	 	29	 
	     Section 5.02
	  	 Application of Proceeds
	  	 	31	 
	     Section 5.03
	  	 Securities Act, Etc
	  	 	32	 
		
	 Article VI. INDEMNITY, SUBROGATION AND SUBORDINATION
	  	 	33	 
			
	     Section 6.01
	  	 Indemnity
	  	 	33	 
	     Section 6.02
	  	 Contribution and Subrogation
	  	 	33	 

  
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	     Section 6.03
	    	Subordination	  	 	33	 
		
	 Article VII. MISCELLANEOUS
	  	 	34	 
			
	     Section 7.01
	    	Notices	  	 	34	 
	     Section 7.02
	    	Security Interest Absolute	  	 	34	 
	     Section 7.03
	    	Limitation By Law	  	 	34	 
	     Section 7.04
	    	Binding Effect; Several Agreement	  	 	35	 
	     Section 7.05
	    	Successors and Assigns	  	 	35	 
	     Section 7.06
	    	Collateral Agent’s Fees and Expenses; Indemnification	  	 	35	 
	     Section 7.07
	    	Collateral Agent Appointed Attorney-in-Fact	  	 	35	 
	     Section 7.08
	    	APPLICABLE LAW	  	 	36	 
	     Section 7.09
	    	Waivers; Amendment	  	 	36	 
	     Section 7.10
	    	WAIVER OF JURY TRIAL	  	 	37	 
	     Section 7.11
	    	Severability	  	 	37	 
	     Section 7.12
	    	Counterparts	  	 	37	 
	     Section 7.13
	    	Headings	  	 	37	 
	     Section 7.14
	    	Jurisdiction; Consent to Service of Process	  	 	37	 
	     Section 7.15
	    	Termination or Release	  	 	38	 
	     Section 7.16
	    	Additional Subsidiaries	  	 	40	 
	     Section 7.17
	    	Precedence	  	 	40	 

  

			
	Schedules	  	
		
	Schedule I	  	Pledged Stock; Debt Securities
	Schedule II	  	Intellectual Property
	Schedule III	  	Filing Jurisdictions
	Schedule IV	  	Commercial Tort Claims
		
	Exhibits	  	
		
	Exhibit A	  	Form of Supplement to the Guarantee and Collateral Agreement
	Exhibit B	  	Form of Trademark Security Agreement
	Exhibit C	  	Form of Patent Security Agreement
	Exhibit D	  	Form of Copyright Security Agreement

  
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 ABL GUARANTEE AND COLLATERAL AGREEMENT, dated as of January 26, 2016 (as
amended, amended and restated, supplemented or otherwise modified from time to time, this “Agreement”), among each party identified as a “Grantor” on the signature pages hereto (together with any other entity that
may become a party hereto as a Grantor as provided herein, each a “Grantor” and, collectively, the “Grantors”), and CITIBANK, N.A., as Administrative Agent for the Lenders under the Credit Agreement referred to
below (in such capacity, the “Administrative Agent”) and as Collateral Agent for the Secured Parties (as defined below) (in such capacity, the “Collateral Agent”). 

RECITALS 
  

	(1)	 Reference is made to that certain REVOLVING CREDIT AGREEMENT, dated as of January 26, 2016 (as amended,
amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among initially PET ACQUISITION MERGER SUB LLC, a Delaware limited liability company (in its capacity as the borrower
thereunder, and after the assignment of the obligations of initial borrower on the closing date pursuant to Section 10.23 therein and the merger and the LLC Conversion have been completed, in its capacity as Holdings thereunder) and after the
consummation of the merger, and upon assumption of the initial borrower’s obligations thereunder pursuant to Section 10.23 therein, PETCO ANIMAL SUPPLIES, INC., a Delaware corporation, the Lenders party thereto from time to time and
CITIBANK, N.A., as Administrative Agent, as Collateral Agent, as Swingline Lender and as Issuing Bank. 

  

	(2)	 In consideration of the extensions of credit and other accommodations of the Lenders as set forth in the
Credit Agreement, each Guarantor has agreed to guarantee the obligations of the Borrowers under the Credit Agreement and each Grantor has agreed to secure such Grantor’s obligations under the Loan Documents, in each case as set forth herein.

 AGREEMENT 

Accordingly, the parties hereto agree as follows: 

ARTICLE I. 
 DEFINITIONS 

Section 1.01  Credit Agreement. 

(a)     Unless otherwise defined herein, terms defined in the Credit Agreement and used herein have the
meanings assigned to them in the Credit Agreement, and the following terms which are defined in the UCC are used herein as so defined (and if defined in more than one article of the UCC have the meaning specified in Article 9 thereof): Accounts,
Account Debtor, Certificated Security, Chattel Paper, Deposit Account, Documents, Equipment, Goods, Instruments, Inventory, Letter of Credit Rights, Money, Securities Account, Security Entitlement, Supporting Obligations, Tangible Chattel Paper and
Uncertificated Security. 
 (b)     The rules of construction specified in Section 1.02 of the
Credit Agreement also apply, mutatis mutandis, to this Agreement. 

 Section 1.02   Other Defined Terms. As used in this
Agreement, the following terms have the meanings specified below: 
 “ABL Collateral Agent” means
Citibank, N.A., as “Collateral Agent” under the Credit Agreement, and any duly appointed successor in such capacity. 

“Administrative Agent” has the meaning assigned to such term in the introductory paragraph to this
Agreement. 
 “Agreement” has the meaning assigned to such term in the introductory paragraph
hereto. 
 “Article 9 Collateral” has the meaning assigned to such term in Section 4.01(1).

 “Collateral” means the collective reference to Article 9 Collateral and Pledged Collateral. 

“Collateral Agent” has the meaning assigned to such term in the introductory paragraph to this
Agreement. 
 “Commodity Exchange Act” means the Commodity Exchange Act (7 U.S.C. § 1 et seq.),
as amended from time to time, and any successor statute. 
 “Control” has the meaning set forth in
Article 8 or, if applicable, in Section 9-104, 9-105, 9-106 or 9-107 of Article 9 of
the UCC. 
 “Control Agreement” means a deposit account control agreement, a securities account
control agreement or a commodity account control agreement, as applicable, which provides the Collateral Agent with Control of any such accounts, in form and substance reasonably satisfactory to the Collateral Agent. 

“Copyright License” means any written agreement, now or hereafter in effect, granting any right to any
Grantor under any Copyright now or hereafter owned by any third party, and all rights of any Grantor under any such agreement (including any such rights that such Grantor has the right to license) and all grants from a Grantor of any rights to use
Copyrights of such Grantor. 
 “Copyrights” means all of the following which any Grantor now or
hereafter owns or in which any Grantor now or hereafter has an interest (pursuant to a Copyright License or otherwise): 
  

	(1)	 all copyright rights in any work subject to the copyright laws of the United States or any other country or
group of countries, whether as author, assignee, transferee or otherwise; 

  

	(2)	 all registrations and applications for registration of any such copyright in the United States or any other
country or group of countries, including registrations, supplemental registrations and pending applications for registration in the United States Copyright Office and the right to obtain all renewals thereof, including those listed on Schedule
II; 

  
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	(3)	 all claims for, and rights to sue for, past or future infringements of any of the foregoing; and

  

	(4)	 all income, royalties, damages and payments now or hereafter due and payable with respect to any of the
foregoing, including damages and payments for past or future infringement thereof. 

 “Credit
Agreement” has the meaning assigned to such term in the recitals to this Agreement. 
 “DDA” has the
meaning assigned to such term in the Credit Agreement. 
 “Discharge of Term Loan Claims” has the meaning assigned
to such term in the Intercreditor Agreement. 
 “Excluded Accounts” has the meaning assigned to such term in the
Credit Agreement. 
 “Excluded Assets” means all of the following, whether now owned or hereafter acquired: 

 

	(1)	 all Excluded Equity Interests; 

 

	(2)	 all leasehold Real Property interests; 

 

	(3)	 all fee simple Real Property interests with a fair market value (as determined in good faith by a
Responsible Officer of the Borrower), less than $7.5 million on a per property basis; 

  

	(4)	 security interests to the extent the same would result in materially adverse tax consequences or materially
adverse regulatory consequences, in each case, as reasonably determined by a Responsible Officer of the Borrower in good faith and identified in writing to the Collateral Agent; 

 

	(5)	 [reserved]; 

  

	(6)	 any governmental licenses or state or local franchises, charters and authorizations that are not permitted
to be pledged under applicable law; 

  

	(7)	 any
“intent-to-use” applications for trademark or service mark registrations filed pursuant to Section 1(b) of the Lanham Act, 15 U.S.C. § 1051, unless
and until an Amendment to Allege Use or a Statement of Use under Sections 1(c) and 1(d) of the Lanham Act has been filed, to the extent that, and solely during the period for which, any assignment of an “intent-to-use” application prior to such filing would violate the Lanham Act; 

  

	(8)	 any Excluded Account (other than any DDA referenced in clause (4) of the definition of “Excluded
Account” set forth in the Credit Agreement as in effect on the Closing Date); 

  

	(9)	 any assets owned directly or indirectly by a Foreign Subsidiary or a FSHCO; 

  
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	(10)	 vehicles and any other assets subject to certificates of title; 

 

	(11)	 [reserved]; 

  

	(12)	 any Grantor’s right, title or interest in any lease, license, contract or agreement to which such
Grantor is a party or any of its right, title or interest thereunder to the extent, but only to the extent, that such a grant would, under the terms of such lease, license, contract or agreement, result in a breach of the terms of, or constitute a
default under, or result in the abandonment, invalidation or unenforceability of or create a right of termination in favor of or require the consent of any other party thereto (other than Holdings, the Borrower or any of their respective
Subsidiaries), such lease, license, contract or agreement (other than to the extent that any such term would be rendered ineffective pursuant to Section 9-406,
9-407, 9-408 or 9-409 of the UCC or any other applicable law (including Title 11 of the United States Code) or principles of
equity); provided, however, that the Collateral shall include (and such security interest shall attach and the definition of “Excluded Assets” shall not then include) immediately at such time as the contractual or legal
provisions referred to above shall no longer be applicable and to the extent severable, and shall attach immediately to any portion of such lease, license, contract or agreement not subject to the provisions specified in this clause (12);
provided further that the exclusions referred to in this clause shall not include any proceeds of such lease, license, contract or agreement; 

  

	(13)	 assets to the extent the granting of a security interest therein would be prohibited or restricted by
applicable law, rule or regulation (including any requirement to obtain the consent of any Governmental Authority which has not been obtained) other than to the extent that such prohibition or restriction would be overridden by the applicable
Uniform Commercial Code; 

  

	(14)	 [reserved]; 

  

	(15)	 any assets to the extent the cost, burden, difficulty or consequence of obtaining or perfecting a security
interest therein outweighs the benefit of the security afforded thereby as reasonably determined by the Borrower and the Administrative Agent; or 

  

	(16)	 (a) any assets and proceeds thereof subject to a Lien permitted under Section 6.02(3) of the Credit
Agreement to the extent that the documents providing for the Indebtedness secured by such Liens do not permit such assets and proceeds thereof to be pledged to the Collateral Agent; provided further that the exclusions referred to in
this clause (a) shall not include any proceeds of such document or (b) any assets subject to a Lien permitted by Section 6.02(7) so long as the documents providing for such Lien do not permit such assets to be pledged to the
Collateral Agent. 

 “Excluded Equity Interests” means any and all of the following Equity
Interests, whether now owned or hereafter acquired: 
  

	(1)	 interests in partnerships, joint ventures and non-wholly owned
subsidiaries which cannot be pledged without the consent of one or more unaffiliated third parties or not permitted 

  
 4 

	 	 
by the terms of such person’s organizational or joint venture documents (so long as such prohibition did not arise as part of the acquisition or formation thereof or in anticipation of the
Credit Agreement); 

  

	(2)	 interests in Immaterial Subsidiaries (except to the extent the security interest therein can be perfected by
the filing of a Form UCC-1 financing statement), captive insurance subsidiaries, not-for-profit subsidiaries, special purpose entities used for securitization facilities and Unrestricted Subsidiaries;

  

	(3)	 margin stock; 

  

	(4)	 voting Equity Interests of any Foreign Subsidiary or any FSHCO, in excess of 65% of the issued and
outstanding voting Equity Interests of such Foreign Subsidiary or FSHCO; 

  

	(5)	 subject to Section 7.15(5), any Equity Interests to the extent that a pledge of such Equity Interests
would give rise to additional subsidiary reporting requirements under Rule 3-10 or Rule 3-16 of Regulation S-X promulgated under
the Exchange Act; 

  

	(6)	 to the extent applicable law requires that a Subsidiary of such Grantor issue directors’ qualifying
shares, nominee shares or similar shares which are required by applicable law to be held by persons other than the Grantors, such qualifying shares, nominee shares or similar shares held by Persons other than Grantors; 

 

	(7)	 any Equity Interests if, to the extent and for so long as the pledge of such Equity Interests hereunder is
prohibited or restricted by any applicable law, including any requirement to obtain consent of any Governmental Authority which has not been obtained (other than to the extent such prohibition would be rendered ineffective under the UCC or any other
applicable law); provided that such Equity Interests shall cease to be Excluded Equity Interests at such time as such prohibition ceases to be in effect; or 

 

	(8)	 Equity Interests to the extent the same would result in materially adverse tax consequences or materially
adverse regulatory consequences, in each case, as reasonably determined by the Borrower. 

“Excluded Swap Obligation” has the meaning assigned to such term in the Credit Agreement. 

“Federal Securities Laws” has the meaning assigned to such term in Section 5.03. 

“FSHCO” means any direct or indirect Domestic Subsidiary substantially all of the assets of which
consist of the equity and, if any, indebtedness of one or more direct or indirect Foreign Subsidiaries. 

“Grantor” and “Grantors” have the meanings assigned to such terms in the
introductory paragraph to this Agreement. 
 “Guarantor” means Holdings, the Borrower and each
Subsidiary Loan Party. 

  
 5 

 “Intellectual Property” means all intellectual
property of every kind and nature that any Grantor now or hereafter owns or in which any Grantor now or hereafter has an interest, including inventions, designs, Patents, Copyrights, Trademarks, trade secrets, domain names, confidential or
proprietary technical and business information or know-how. 

“Intellectual Property Collateral” has the meaning assigned to such term in Section 4.02(8). 

“Intellectual Property Security Agreement” means a Trademark Security Agreement in substantially the
form of Exhibit B hereto, a Patent Security Agreement in substantially the form of Exhibit C hereto, or a Copyright Security Agreement in substantially the form of Exhibit D hereto. 

“IP Agreements” means all material Copyright Licenses, Patent Licenses and Trademark Licenses, and all
other agreements, permits, consents, orders and franchises relating to the license, development, use or disclosure of any material Intellectual Property to which a Grantor, now or hereafter, is a party or a beneficiary, including, without
limitation, the agreements set forth on Schedule II hereto. 
 “Patent License” means any written
agreement, now or hereafter in effect, granting to any Grantor any right to make, use or sell any invention covered by a Patent, now or hereafter owned by any third party (including any such rights that such Grantor has the right to license) and all
rights of any Grantor under any such agreement and all grants from a Grantor of any right to use a Patent of such Grantor. 

“Patents” means all of the following which any Grantor now or hereafter owns or in which any Grantor
now or hereafter has an interest (pursuant to a Patent License or otherwise): 
  

	(1)	 all letters patent of the United States or the equivalent thereof in any other country or jurisdiction,
including those listed on Schedule II, and all applications for letters patent of the United States or the equivalent thereof in any other country or jurisdiction, including those listed on Schedule II; 

 

	(2)	 all provisionals, reissues, extensions, continuations, divisions, continuations-in-part, reexaminations or revisions thereof, and the inventions disclosed or claimed therein, including the right to make, use, import and/or sell the inventions disclosed or claimed therein;

  

	(3)	 all claims for, and rights to sue for, past or future infringements of any of the foregoing; and

  

	(4)	 all income, royalties, damages and payments now or hereafter due and payable with respect to any of the
foregoing, including damages and payments for past or future infringement thereof. 

 “Pledged
Collateral” has the meaning assigned to such term in Section 3.01(5). 
 “Pledged Debt” has the
meaning assigned to such term in Section 3.01. 

  
 6 

 “Pledged Securities” means any promissory notes,
stock certificates or other certificated securities now or hereafter included in the Pledged Collateral, including all certificates, instruments or other documents representing or evidencing any Pledged Collateral (regardless of whether constituting
securities under the UCC). 
 “Pledged Stock” has the meaning assigned to such term in Section 3.01. 

“Qualified ECP Guarantor” means, in respect of any Swap Obligations, each Loan Party that has total
assets exceeding $10,000,000 at the time the relevant Guarantee or grant of the relevant security interest becomes effective with respect to such Swap Obligation or such other person as constitutes an “eligible contract participant” under
the Commodity Exchange Act or any regulations promulgated thereunder and can cause another person to qualify as an “eligible contract participant” at such time by entering into a keepwell under Section 1a(18)(A)(v)(II) of the
Commodity Exchange Act. 
 “Secured Obligations” means the (i) the Obligations, (ii) each
guarantee of the Obligations pursuant to this Agreement and (iii) whether or not constituting Obligations, the unpaid principal of and interest on (including, without limitation, interest accruing after the filing of any petition in bankruptcy,
or the commencement of any insolvency, reorganization or like proceeding relating to the Borrower or any other Grantor, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding) and all other obligations and
liabilities of the Borrower or any other Grantor to any Agent, any Lender or any Qualified Counterparty which may arise under or in connection with any Loan Document, any Specified Hedge Agreement and/or Cash Management Obligations; provided,
however, that the Secured Obligations will not include any Excluded Swap Obligations. 
 “Secured
Parties” means (a) the Lenders, (b) the Agents (including each co-agent or sub-agent appointed by the Agent from time to time pursuant to the
Credit Agreement), (c) each Issuing Bank, (d) the Swingline Lender, (e) the Cash Management Banks, (f) any Qualified Counterparties, (g) the beneficiaries of each indemnification obligation undertaken by any Loan Party under any
Loan Document and (h) the successors and permitted assigns of each of the foregoing. 
 “Security
Interest” has the meaning assigned to such term in Section 4.01(1). 
 “Swap
Obligation” has the meaning assigned to such term in the Credit Agreement. 
 “Term Loan Collateral
Agent” means Citibank, N.A., as Collateral Agent under the Term Loan Credit Agreement, and any duly appointed successor in such capacity. 

“Term Loan Priority Collateral” has the meaning assigned to such term in the Intercreditor Agreement
as in effect on the date hereof. 
 “Trademark License” means any written agreement, now or
hereafter in effect, granting to any Grantor any right to use any Trademark now or hereafter owned by any third party (including any such rights that such Grantor has the right to license) and all grants from a Grantor of any right to use a
Trademark of such Grantor. 

  
 7 

 “Trademarks” means all of the following which any
Grantor now or hereafter owns or in which any Grantor now or hereafter has an interest (pursuant to a Trademark License or otherwise): 
  

	(1)	 all trademarks, service marks, corporate names, company names, business names, fictitious business names,
trade styles, trade dress, logos, other source or business identifiers, designs and general intangibles of like nature, now existing or hereafter adopted or acquired, all registrations thereof (if any), and all registration applications filed in
connection therewith, including registrations and registration applications in the United States Patent and Trademark Office or any similar offices in any State of the United States or any other country or any political subdivision thereof (except
for “intent-to-use” applications for trademark or service mark registrations filed pursuant to Section 1(b) of the Lanham Act, 15 U.S.C. § 1051, unless and until an Amendment to Allege Use or a
Statement of Use under Sections 1(c) and 1(d) of the Lanham Act has been filed, to the extent that, and solely during the period for which, any assignment of an
“intent-to-use” application prior to such filing would violate the Lanham Act), and all renewals thereof, including those listed on Schedule II;

  

	(2)	 all goodwill associated therewith or symbolized thereby; 

 

	(3)	 all claims for, and rights to sue for, past or future infringements of any of the foregoing; and

  

	(4)	 all income, royalties, damages and payments now or hereafter due and payable with respect to any of the
foregoing, including damages and payments for past or future infringement thereof. 

 “Trust
Account” has the meaning assigned to such term in the Credit Agreement. 
 “Trust
Funds” has the meaning assigned to such term in the Credit Agreement. 
 “Uniform Commercial
Code” or “UCC” means the Uniform Commercial Code as in effect from time to time in the State of New York; provided, however, that in the event that, by reason of mandatory provisions of law, any or
all of the perfection or priority of, or remedies with respect to, any Collateral is governed by the Uniform Commercial Code as enacted and in effect in a jurisdiction other than the State of New York, the term “Uniform Commercial
Code” or “UCC” shall mean the Uniform Commercial Code as enacted and in effect in such other jurisdiction solely for purposes of the provisions hereof relating to such perfection, priority or remedies. 

“Vehicles” shall mean all cars, trucks, trailers, construction and earth moving equipment and other
Equipment of any nature covered by a certificate of title law of any, and all tires and other appurtenances to any of the foregoing. 

  
 8 

 ARTICLE II. 

GUARANTEE 

Section 2.01    Guarantee. Each of the Guarantors hereby, jointly and severally, absolutely,
unconditionally and irrevocably guarantees, to the Collateral Agent for the benefit of the Secured Parties as primary obligor and not merely as surety, the due and punctual payment and performance of the Secured Obligations. Each Guarantor further
agrees that the Secured Obligations may be extended or renewed, in whole or in part, without notice to or further assent from such Guarantor, and that such Guarantor will remain bound upon its guarantee hereunder notwithstanding any extension or
renewal of any Secured Obligation. Each Guarantor waives presentment to, demand of payment from and protest to the Borrower or any other Loan Party of any of the Secured Obligations, and also waives notice of acceptance of its guarantee and notice
of protest for nonpayment. 
 Section 2.02 Guarantee of Payment. Each Guarantor further agrees that its
guarantee hereunder constitutes a guarantee of payment when due (whether at the stated maturity, by acceleration or otherwise) and not of collection, and waives any right to require that any resort be had by the Collateral Agent or any other Secured
Party to any security held for the payment of the Secured Obligations or to any balance of any Deposit Account or credit on the books of the Collateral Agent or any other Secured Party in favor of any Loan Party or any other person. 

Section 2.03    No Limitations, Etc. 

 

	(1)	 Except for termination of a Guarantor’s obligations hereunder as expressly provided for in
Section 7.15 and except as provided in Section 2.07, the obligations of each Guarantor hereunder will not be subject to any reduction, limitation, impairment or termination for any reason, including any claim of waiver, release, surrender,
alteration or compromise, and will not be subject to any defense or setoff, counterclaim, recoupment or termination whatsoever by reason of the invalidity, illegality or unenforceability of the Secured Obligations or otherwise (other than defense of
payment or performance). Without limiting the generality of the foregoing, except for termination or release of a Guarantor’s obligations hereunder in accordance with the terms of Section 7.15 the obligations of each Guarantor hereunder,
to the fullest extent permitted by applicable law, will not be discharged or impaired or otherwise affected by, and each Guarantor hereby waives any defense to the enforcement hereof by reason of: 

 

	 	(a)	 any failure or omission of the Collateral Agent or any other Secured Party to assert or enforce or agreement
or election not to assert or enforce, delay in enforcement, or stay or enjoining, by the order of court, by operation of law or otherwise, the exercise or enforcement of, any claim or demand or to exercise or enforce any right, power or remedy
(whether arising under or in connection with any Loan Document, any Specified Hedge Agreement or any Cash Management Obligation, at law, in equity or otherwise) with respect to the Secured Obligations or any agreements relating thereto, or with
respect to any other guaranty of or security for the payment of the Secured Obligations; 

  
 9 

	 	(b)	 the validity or enforceability or any rescission, waiver, amendment or modification of, or any release from
any of the terms or provisions of, any Loan Document or any other agreement, including with respect to any other Guarantor under this Agreement; 

  

	 	(c)	 any renewal, extension or acceleration of, or any increase in the amount of the Secured Obligations, or any
amendment, supplement, modification or waiver of, or any consent to departure from, the Loan Documents or any Specified Hedge Agreement or Cash Management Obligation; 

 

	 	(d)	 the validity, perfection, the failure to perfect (or lapse in perfection) any security interest in, or the
release of, any of the Collateral held by or on behalf of the Collateral Agent or any other Secured Party for the Secured Obligations; 

  

	 	(e)	 any default, failure or delay, willful or otherwise, in the performance of the Secured Obligations;

  

	 	(f)	 any illegality, lack of validity or enforceability of any Secured Obligation; 

 

	 	(g)	 any change in the corporate existence, structure or ownership of any Loan Party, or any insolvency,
bankruptcy or reorganization of any Loan Party and any corresponding restructuring of the Secured Obligations; 

  

	 	(h)	 the existence of any claim, set-off or other rights that the
Guarantors may have at any time against the Borrower, the Collateral Agent, any other Secured Party or any other person, whether in connection herewith, the other Loan Documents or any unrelated transactions; provided that nothing herein will
prevent the assertion of any such claim by separate suit or compulsory counterclaim; 

  

	 	(i)	 any action permitted or authorized hereunder; or 

 

	 	(j)	 any other circumstance (including any statute of limitations) or any act or omission that may in any manner
or to any extent vary the risk of any Guarantor or otherwise operate as a defense to, or a legal or equitable discharge of, the Borrower or any Guarantor or any other guarantor or surety (other than the payment in full in cash or immediately
available funds of the Secured Obligations). 

  

	(2)	 Each Guarantor expressly authorizes the Secured Parties to take and hold security for the payment and
performance of the Secured Obligations, to exchange, waive or release any or all such security (with or without consideration), to enforce or apply such security and direct the order and manner of any sale thereof in their sole discretion or to
release or substitute any one or more other guarantors or obligors upon or in respect of the Secured Obligations, all without affecting the obligations of any Guarantor hereunder. 

 

	(3)	 To the fullest extent permitted by applicable law and except for termination or release of a
Guarantor’s obligations hereunder in accordance with the terms of Section 7.15 hereof, 

  
 10 

 each Guarantor waives any defense based on or arising out of any defense of
any other Loan Party or the unenforceability of the Secured Obligations or any part thereof from any cause, or the cessation from any cause of the liability of any other Loan Party, other than, after all Commitments have been terminated, the return
of all Letters of Credit (or cash collateralization thereof on terms satisfactory to the Issuing Bank), the payment in full in cash or immediately available funds of all the Secured Obligations (other than Secured Obligations in respect of Specified
Hedge Agreements, Cash Management Obligations and contingent indemnification and reimbursement obligations that are not yet due and payable and for which no claim has been asserted). The Collateral Agent and the other Secured Parties may exercise
any right or remedy available to them against any other Loan Party pursuant to this Agreement or the other Loan Documents, without affecting or impairing in any way the liability of any Guarantor hereunder except to the extent that after giving
effect thereto all Secured Obligations have been terminated and paid in full (other than contingent indemnity or expense reimbursement obligations that are not yet due and payable and for which no claim has been made). To the fullest extent
permitted by applicable law, each Guarantor waives any defense arising out of any such election even though such election operates, pursuant to applicable law, to impair or to extinguish any right of reimbursement or subrogation or other right or
remedy of such Guarantor against any other Loan Party, as the case may be, or any security. 

Section 2.04    Reinstatement. Each Guarantor agrees that its guarantee hereunder will
continue to be effective or be reinstated if, at any time, payment, or any part thereof, of any Secured Obligation is rescinded or must otherwise be restored by the Collateral Agent or any other Secured Party upon the bankruptcy or reorganization of
the Borrower or any other Loan Party or otherwise. 
 Section 2.05    Agreement To Pay; Contribution;
Subrogation. 
  

	(1)	 In furtherance of the foregoing and not in limitation of any other right that the Administrative Agent or
any other Secured Party has at law or in equity against any Guarantor by virtue hereof, upon the failure of any Loan Party to pay any Secured Obligation when and as the same becomes due and payable, whether at maturity, by acceleration, after notice
of prepayment or otherwise, each Guarantor hereby promises to and will forthwith pay, or cause to be paid, to the Collateral Agent for distribution to the applicable Secured Parties in cash the amount of such unpaid Secured Obligation.

  

	(2)	 Subject to the foregoing clause (1), to the extent that any Guarantor, under this Agreement or the Credit
Agreement as a joint and several obligor, repays any of the Secured Obligations constituting Loans or other advances made to or reimbursement obligations owed by another Loan Party under the Credit Agreement (an “Accommodation
Payment”), then the Guarantor making such Accommodation Payment shall be entitled to contribution and indemnification from, and be reimbursed by, each of the other Guarantors in an amount equal to a fraction of such Accommodation
Payment, the numerator of which fraction is such other Guarantor’s Allocable Amount and the denominator of which is the sum of the Allocable Amounts of all of the Guarantors; provided that such rights of contribution and indemnification shall
be subordinated to the discharge of Secured Obligations. As of any date of determination, the “Allocable 

  
 11 

	 	 
Amount” of each Guarantor shall be equal to the maximum amount of liability for Accommodation Payments which could be asserted against such Guarantor hereunder and under the Credit Agreement
without: 

  

	 	(a)	 rendering such Guarantor “insolvent” within the meaning of Section 101 (31) of the Bankruptcy
Code of the United States, Section 2 of the Uniform Fraudulent Transfer Act (“UFTA”) or Section 2 of the Uniform Fraudulent Conveyance Act (“UFCA”); 

 

	 	(b)	 leaving such Guarantor with unreasonably small capital or assets, within the meaning of Section 548 of
the Bankruptcy Code of the United States, Section 4 of the UFTA, or Section 5 of the UFCA; or 

  

	 	(c)	 leaving such Guarantor unable to pay its debts as they become due within the meaning of Section 548 of
the Bankruptcy Code of the United States or Section 4 of the UFTA, or Section 5 of the UFCA. Upon payment by any Guarantor of any sums to the Collateral Agent as provided above, all rights of such Guarantor against the Borrower, any other
Loan Party or any other Guarantor arising as a result thereof by way of right of subrogation, contribution, reimbursement, indemnity or otherwise shall in all respects be subject to Article VI. 

Section 2.06 Information. Each Guarantor assumes all responsibility for being and keeping itself informed of the
financial condition and assets of the Borrower and each other Loan Party, and of all other circumstances bearing upon the risk of nonpayment of the Secured Obligations and the nature, scope and extent of the risks that such Guarantor assumes and
incurs hereunder, and agrees that no Agent nor any other Secured Party will have any duty to advise such Guarantor of information known to it or any of them regarding such circumstances or risks. 

Section 2.07 Maximum Liability.     Each Guarantor, and by its acceptance of this guarantee,
each Agent and each other Secured Party hereby confirms that it is the intention of all such persons that this guarantee and the Secured Obligations of each Guarantor hereunder not constitute a fraudulent transfer or conveyance for purposes of the
U.S. Bankruptcy Code or any other federal, state or foreign bankruptcy, insolvency, receivership or similar law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar foreign, federal or state law to the extent
applicable to this guarantee and the Secured Obligations of each Guarantor hereunder. To effectuate the foregoing intention, the Secured Parties and the Guarantors hereby irrevocably agree that the Secured Obligations of the Guarantors under this
guarantee at any time are limited to the maximum amount as will result in the Secured Obligations of such Guarantor under this guarantee not constituting a fraudulent transfer or conveyance. 

Section 2.08 Taxes. Any and all payments by or on account of any obligation of any Guarantor hereunder shall be
made free and clear of and without deduction for, any Indemnified Taxes or Other Taxes; provided that if a Guarantor shall be required to deduct any Indemnified Taxes or Other Taxes from such payments, then (i) the sum payable shall be
increased as necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section 2.08) the Collateral Agent or any Secured Party, as

  
 12 

 
applicable, receives an amount equal to the sum it would have received had no such deductions been made, (ii) such Guarantor shall make such deductions and (iii) such Guarantor shall
timely pay the full amount deducted to the relevant Governmental Authority in accordance with applicable law. The provisions of Section 2.17 of the Credit Agreement shall apply to each Guarantor mutatis mutandis. Any amounts payable by any
Guarantor pursuant to this Section 2.08 shall be made without duplication (including with any amount otherwise payable under Section 2.17 of the Credit Agreement). For the avoidance of doubt, no Guarantor shall be required to pay any greater
amount under this Section 2.08 than such Guarantor would have been required to pay had it been a Loan Party that was a party to the Credit Agreement. 

Section 2.09    Keepwell. Each Qualified ECP Guarantor hereby jointly and severally
absolutely, unconditionally and irrevocably undertakes to provide such funds or other support as may be needed from time to time by each other Loan Party to honor all of its obligations under this Guaranty in respect of Swap Obligations (provided,
however, that each Qualified ECP Guarantor shall only be liable under this Section 2.09 for the maximum amount of such liability that can be hereby incurred without rendering its obligations under this Section 2.09, or otherwise under this
Guaranty, as it relates to such Loan Party, voidable under applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations of each Qualified ECP Guarantor under this Section shall remain in
full force and effect until a Discharge of Secured Obligations. Each Qualified ECP Guarantor intends that this Section 2.09 constitute, and this Section 2.09 shall be deemed to constitute, a “keepwell, support, or other
agreement” for the benefit of each other Loan Party for all purposes of Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. 

ARTICLE III. 
 PLEDGE OF
SECURITIES 
 Section 3.01    Pledge. As security for the payment or performance, as the
case may be, in full of its Secured Obligations, each Grantor hereby pledges to the Collateral Agent, its successors and permitted assigns, for the benefit of the Secured Parties, and hereby grants to the Collateral Agent, its successors and
permitted assigns, for the benefit of the Secured Parties, a security interest in all of such Grantor’s right, title and interest in, to and under: 
  

	(1)	 the Equity Interests (a) directly owned by such Grantor as of the Closing Date and (b) obtained by
such Grantor after the Closing Date and, in each case, the certificates representing all such Equity Interests, in each case, other than any Excluded Assets (the Equity Interests described in the foregoing clauses (a) and (b), collectively, but
excluding any Excluded Assets, the “Pledged Stock”); 

  

	(2)	 the promissory notes and any instruments and any security certificates evidencing Indebtedness
(a) owned by such Grantor as of the Closing Date and (b) issued to such Grantor after the Closing Date and having an aggregate principal amount in excess of $7.5 million, in each case, other than any Excluded Assets (the instruments
described in the foregoing clauses (a) and (b), collectively, but excluding any Excluded Assets, the “Pledged Debt”); 

  
 13 

	 in each case, including 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 Pledged Debt (except to the extent constituting an Excluded Asset or otherwise excluded from the Collateral pursuant to this Agreement), but excluding
(i) Indebtedness owed by another Grantor, (ii) intercompany current liabilities incurred in the ordinary course of business in connection with the cash management operations of the Borrower and its Subsidiaries or (iii) to the extent
the pledge of such promissory note or instrument would violate any applicable law (after giving effect to the relevant anti-assignment provisions of the Uniform Commercial Code); 

 

	(3)	 subject to Section 3.05 hereof, all payments of principal or interest, dividends, cash, instruments and
other property from time to time received, receivable or otherwise distributed in respect of, in exchange for or upon the conversion of, and all other proceeds received in respect of, the securities referred to in the foregoing clauses (1) and
(2); 

  

	(4)	 subject to Section 3.05 hereof, all rights and privileges of such Grantor with respect to the
securities and other property referred to in the foregoing clauses (1), (2) and (3) above; and 

  

	(5)	 all proceeds of any of the foregoing items referred to in clauses (1) through (4) above, but excluding
any Excluded Assets (the items referred to in clauses (1) through (5) of this Section 3.01, collectively, the “Pledged Collateral”). 

Notwithstanding anything to the contrary in this Agreement or any other Loan Document, none of the Pledged Stock, Pledged Debt or Pledged
Collateral will include nor will the security interests granted hereunder attach to any Excluded Asset. 
 TO HAVE AND TO
HOLD the Pledged Collateral, together with all right, title, interest, powers, privileges and preferences pertaining or incidental thereto, unto the Collateral Agent, its successors and permitted assigns, for the benefit of the Secured Parties,
forever, subject, however, to the terms, covenants and conditions hereinafter set forth and in each case subject to the Credit Agreement. 

Section 3.02    Delivery of the Pledged Collateral. 

 

	(1)	 Each Grantor agrees promptly to deliver or cause to be delivered to the Collateral Agent, for the benefit of
the Secured Parties, any and all Pledged Securities to the extent such Pledged Securities, in the case of promissory notes or other instruments, are required to be delivered pursuant to paragraph (2) of this Section 3.02.

  

	(2)	 Each Grantor will use its commercially reasonable efforts to cause any Indebtedness for borrowed money
having an aggregate principal amount in excess of $7.5 million owed to such Grantor by any Person to be evidenced by a duly executed promissory note that is pledged and delivered to the Collateral Agent, for the benefit of the Secured Parties,
pursuant to the terms hereof; provided that the foregoing requirement will not apply to (a) Indebtedness owed by another Grantor, (b) intercompany current liabilities incurred in the ordinary course of business in connection with
the cash management operations of 

  
 14 

	 	 
Holdings, the Borrower and its Subsidiaries or (c) to the extent that a pledge of such promissory note or instrument would violate applicable law. To the extent any such promissory note is a
demand note, each Grantor party thereto agrees, if requested by the Collateral Agent, to immediately demand payment thereunder upon a Specified Event of Default unless such demand would not be commercially reasonable or would otherwise expose such
Grantor to liability to the maker. 

  

	(3)	 Upon delivery to the Collateral Agent, (a) any Pledged Securities required to be delivered pursuant to
the foregoing paragraphs (1) and (2) of this Section 3.02 will be accompanied by stock powers or note powers, as applicable, duly executed in blank or other instruments of transfer reasonably satisfactory to the Collateral Agent and by
such other instruments and documents as the Collateral Agent may reasonably request and (b) all other property composing part of the Pledged Collateral delivered pursuant to the terms of this Agreement shall be accompanied, to the extent
necessary to perfect the security interest in or allow realization on the Pledged Collateral, by proper instruments of assignment duly executed by the applicable Grantor and such other instruments or documents as the Collateral Agent may reasonably
request. Each delivery of Pledged Securities shall be accompanied by a schedule describing the securities, which schedule shall be attached hereto as Schedule I (or a supplement to Schedule I, as applicable) and made a part hereof;
provided that failure to attach any such schedule hereto shall not affect the validity of such pledge of such Pledged Securities. Each schedule so delivered shall supplement any prior schedules so delivered. 

 

	(4)	 Notwithstanding anything to the contrary in this Agreement or any other Loan Document, no Grantor will be
required to take any action under the laws of any jurisdiction other than the United States (or any political subdivision thereof) and its territories and possessions for the purpose of perfecting the Security Interest in any Pledged Collateral of
such Grantor. 

 Section 3.03    Representations, Warranties and
Covenants. Each Grantor represents and warrants (but only with respect to any Borrowing made after the Closing Date pursuant to (a) Section 2.21 of the Credit Agreement, to the extent required by Section 2.21(6) of the Credit
Agreement, and (b) Section 4.01 of the Credit Agreement) and covenants to and with the Collateral Agent, for the benefit of the Secured Parties that: 
  

	(1)	 Schedule I correctly sets forth, as of the Closing Date, (a) the percentage of the issued and
outstanding shares of each class of the Equity Interests of the issuer thereof represented by such Pledged Stock and (b) all debt securities and promissory notes or instruments evidencing Indebtedness required to be pledged pursuant to the
terms of the Credit Agreement on the Closing Date; 

  

	(2)	 the Pledged Stock and Pledged Debt (solely with respect to Pledged Debt issued by a Person that is not a
Subsidiary of Holdings or an Affiliate of any such Subsidiary, to the best of each Grantor’s knowledge) have been duly and validly authorized and issued by the issuers thereof and (a) in the case of Pledged Stock, are fully paid and non-assessable (to the extent such concepts are applicable to such Pledged Stock and other than with respect to Pledged Stock consisting of membership interests of limited liability

  
 15 

 
companies to the extent provided in Sections 18-502 and 18-607 of the Delaware Limited Liability Company Act) and
(b) in the case of Pledged Debt (solely with respect to Pledged Debt issued by a Person that is not a Subsidiary of Holdings or an Affiliate of any such Subsidiary, to the best of each Grantor’s knowledge) are legal, valid and binding
obligations of the issuers thereof, subject to the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws relating to or affecting creditors’ rights generally, general equitable principles
(whether considered in a proceeding at law or in equity) and an implied covenant of good faith and fair dealing; 
  

	(3)	 except for the security interests granted hereunder, each Grantor: 

 

	 	(a)	 is and, subject to any transfers made in compliance with the Credit Agreement, will continue to be the
direct owner, beneficially and of record, of the Pledged Securities indicated on Schedule I as owned by such Grantor; 

  

	 	(b)	 holds the same free and clear of all Liens, other than Permitted Liens; 

 

	 	(c)	 will make no assignment, pledge, hypothecation or transfer of, or create or permit to exist any security
interest in or other Lien on, the Pledged Collateral, other than pursuant to a transaction permitted by the Credit Agreement and other than Permitted Liens; and 

 

	 	(d)	 subject to the rights of such Grantor under the Loan Documents to dispose of Pledged Collateral, will use
commercially reasonable efforts to defend its title or interest hereto or therein against any and all Liens (other than Permitted Liens), however arising, of all persons; 

 

	(4)	 other than as set forth in the Credit Agreement or the schedules thereto, and except for restrictions and
limitations imposed by the Loan Documents or securities laws generally or otherwise permitted to exist pursuant to the terms of the Credit Agreement, the Pledged Stock (other than Pledged Stock that is partnership interests) is and will continue to
be freely transferable and assignable, and, except for limitations existing on the Closing Date in the articles or certificate of incorporation, bylaws or other organizational documents of any Subsidiary that is not a wholly owned Subsidiary, none
of the Pledged Stock is or will be subject to any option, right of first refusal, shareholders agreement, charter or by-law provisions or contractual restriction of any nature that would prohibit, impair,
delay or otherwise affect the pledge of such Pledged Stock hereunder, the sale or disposition thereof pursuant hereto or the exercise by the Collateral Agent of rights and remedies hereunder; 

 

	(5)	 each Grantor has the power and authority to pledge the Pledged Collateral pledged by it hereunder in the
manner hereby done or contemplated; 

  

	(6)	 other than as set forth in the Credit Agreement or the schedules thereto, no consent or approval of any
Governmental Authority, any securities exchange or any other Person 

  
 16 

	 	 
was or is necessary to the validity of the pledge effected hereby (other than such as have been obtained and are in full force and effect); 

 

	(7)	 this Agreement is effective to create in favor of the Collateral Agent (for the benefit of the Secured
Parties) a legal, valid and enforceable security interest in the Collateral described herein and proceeds thereof; 

  

	(8)	 none of the Equity Interests in limited liability companies or partnerships that are pledged by the Grantors
hereunder constitute a security under Section 8-103 of the UCC or the corresponding code or statute of any other applicable jurisdiction other than any Equity Interest represented by security certificates
that have been delivered to the Collateral Agent; and 

  

	(9)	 the Grantors shall not amend, or permit to be amended, the limited liability company agreement (or operating
agreement or similar agreement) or partnership agreement of any subsidiary of any Loan Party whose Equity Interests are, or are required to be, Collateral in a manner to cause such Equity Interests to constitute a security under Section 8-103
of the New York UCC or the corresponding code or statute of any other applicable jurisdiction unless such Loan Party shall have first delivered reasonable prior written notice to the Collateral Agent and shall have taken all actions contemplated
hereby and as otherwise reasonably required by the Collateral Agent to maintain the security interest of the Collateral Agent therein as a valid, perfected, first priority security interest, subject to the relative priorities set forth in the
Intercreditor Agreement. 

 Section 3.04    Registration in Nominee Name;
Denominations. The Collateral Agent (or a designated bailee, in accordance with the Intercreditor Agreement), on behalf of the Secured Parties, has the right (in its sole and absolute discretion) to hold the Pledged Securities in the name of the
applicable Grantor, endorsed or assigned in blank or in favor of the Collateral Agent (or a designated bailee, in accordance with the Intercreditor Agreement) or, if an Event of Default shall have occurred and be continuing, in its own name as
pledgee or the name of its nominee (as pledgee or as sub-agent). Each Grantor will promptly give to the Collateral Agent copies of any notices or other communications received by it with respect to Pledged
Securities registered in the name of such Grantor. If an Event of Default shall have occurred and be continuing, the Collateral Agent (or a designated bailee, in accordance with the Intercreditor Agreement) will have the right to exchange the
certificates representing Pledged Securities for certificates of smaller or larger denominations for any purpose consistent with this Agreement. Each Grantor will use its commercially reasonable efforts to cause any Loan Party that is not a party to
this Agreement to comply with a request by the Collateral Agent (or a designated bailee, in accordance with the Intercreditor Agreement), pursuant to this Section 3.04, to exchange certificates representing Pledged Securities of such Loan Party
for certificates of smaller or larger denominations. 
 Section 3.05    Voting Rights; Dividends and Interest,
Etc. 
  

	(1)	 Unless and until an Event of Default has occurred and is continuing and the Collateral Agent has given
written notice to the Borrower of the Collateral Agent’s intention to exercise its rights hereunder: 

  
 17 

	 	(a)	 each Grantor will be entitled to exercise any and all voting and/or other consensual rights and powers
inuring to an owner of Pledged Collateral or any part thereof for any purpose consistent with the terms of this Agreement, the Credit Agreement and the other Loan Documents; provided that except as permitted under the Credit Agreement, such
rights and powers will not be exercised in any manner that could materially and adversely affect the rights inuring to a holder of any Pledged Collateral, the rights and remedies of any of the Collateral Agent or the other Secured Parties under this
Agreement, the Credit Agreement or any other Loan Document or the ability of the Secured Parties to exercise the same; 

  

	 	(b)	 the Collateral Agent will promptly execute and deliver to each Grantor, or cause to be executed and
delivered to such Grantor, all such proxies, powers of attorney and other instruments as such Grantor may reasonably request for the purpose of enabling such Grantor to exercise the voting and/or consensual rights and powers it is entitled to
exercise pursuant to subparagraph (a) above; and 

  

	 	(c)	 each Grantor will be entitled to receive and retain any and all dividends, interest, principal and other
distributions paid on or distributed in respect of the Pledged Collateral to the extent and only to the extent that such dividends, interest, principal and other distributions are permitted by, and otherwise paid or distributed in accordance with,
the terms and conditions of the Credit Agreement, the other Loan Documents and applicable laws; provided that (i) any noncash dividends, interest, principal or other distributions, payments or other consideration in respect thereof,
including any rights to receive the same to the extent not so distributed or paid, that would constitute Pledged Securities, whether resulting from a subdivision, combination or reclassification of the outstanding Equity Interests of the issuer of
any Pledged Securities, received in exchange for Pledged Securities or any part thereof, or in redemption thereof, as a result of any merger, consolidation, acquisition or other exchange of assets to which such issuer may be a party or otherwise and
(ii) any noncash dividends and other distributions paid or payable in respect of any Pledged Securities that would constitute Pledged Securities in connection with a partial or total liquidation or dissolution or in connection with a reduction
of capital, capital surplus or paid in surplus, will be and become part of the Pledged Collateral, and, if received by any Grantor, will not be commingled by such Grantor with any of its other funds or property, but will be held separate and apart
therefrom, will be held in trust for the benefit of the Collateral Agent, for the benefit of the Secured Parties, and will be forthwith delivered to the Collateral Agent, for the benefit of the Secured Parties, in the same form as so received
(endorsed in a manner reasonably satisfactory to the Collateral Agent). 

  

	(2)	 Upon the occurrence and during the continuance of an Event of Default and after written notice by the
Administrative Agent to the Borrower of the Administrative Agent’s intention to exercise its rights hereunder, all rights of any Grantor to dividends, interest, principal or other distributions that such Grantor is authorized to receive
pursuant to 

  
 18 

	 	 paragraph (1)(c) of this Section 3.05 will cease, and all such rights will thereupon become vested, for
the benefit of the Secured Parties, in the Collateral Agent (or a designated bailee, in accordance with the Intercreditor Agreement), which will have the sole and exclusive right and authority to receive and retain such dividends, interest,
principal or other distributions; provided, however, that even after the occurrence and during the continuance of an Event of Default, any Grantor may continue to receive dividends and distributions solely to the extent permitted under
subclauses (6)(a), (6)(c) and (6)(e) of Section 6.06 of the Credit Agreement. 

  

	(3)	 All dividends, interest, principal or other distributions received by any Grantor contrary to the provisions
of this Section 3.05 will not be commingled by such Grantor with any of its other funds or property, but will be held separate and apart therefrom, will be held in trust for the benefit of the Collateral Agent, for the benefit of the Secured
Parties, and will be forthwith delivered to the Collateral Agent (or a designated bailee, in accordance with the Intercreditor Agreement), for the benefit of the Secured Parties, in the same form as so received (endorsed in a manner reasonably
satisfactory to the Collateral Agent). Any and all money and other property paid over to or received by the Collateral Agent (or a designated bailee, in accordance with the Intercreditor Agreement) pursuant to the provisions of this paragraph
(3) subject to the Intercreditor Agreement will be retained by the Collateral Agent (or a designated bailee, in accordance with the Intercreditor Agreement) in an account to be established by the Collateral Agent (or a designated bailee, in
accordance with the Intercreditor Agreement) upon receipt of such money or other property and will be applied in accordance with the provisions of Section 5.02 hereof. After all such Events of Default have been cured or waived, the Collateral
Agent will promptly repay to each Grantor (without interest) all dividends, interest, principal or other distributions that such Grantor would otherwise be permitted to retain pursuant to the terms of paragraph (1)(c) of this Section 3.05 and
that remain in such account. 

  

	(4)	 Upon the occurrence and during the continuance of an Event of Default and after the Collateral Agent shall
have given written notice to the Borrower of the Collateral Agent’s intention to exercise its rights hereunder, all rights of any Grantor to exercise the voting and/or consensual rights and powers it is entitled to exercise pursuant to
paragraph (1)(a) of this Section 3.05, and the obligations of the Collateral Agent under paragraph (1)(b) of this Section 3.05, will cease, and all such rights will thereupon become vested in the Collateral Agent, for the benefit of the
Secured Parties, which will have the sole and exclusive right and authority to exercise such voting and consensual rights and powers (subject to the Intercreditor Agreement); provided that unless otherwise directed by the Required Lenders,
the Collateral Agent will have the right from time to time following and during the continuance of an Event of Default to permit the Grantors to exercise such rights. After all such Events of Default have been cured or waived, each Grantor will have
the right to exercise the voting and/or consensual rights and powers that such Grantor would otherwise be entitled to exercise pursuant to the terms of paragraph (1)(a) above. 

  
 19 

 ARTICLE IV. 

SECURITY INTERESTS IN OTHER PERSONAL PROPERTY 

Section 4.01     Security Interest. 
  

	(1)	 As security for the payment or performance when due (whether at the stated maturity, by acceleration or
otherwise), as the case may be, in full of the Secured Obligations, each Grantor hereby pledges to the Collateral Agent, its successors and permitted assigns, for the benefit of the Secured Parties, and hereby grants to the Collateral Agent, its
successors and permitted assigns, for the benefit of the Secured Parties, a security interest (the “Security Interest”) in all of such Grantor’s right, title and interest in or to any and all of the following assets and
properties now owned or at any time hereafter acquired by such Grantor or in which such Grantor now has or at any time in the future may acquire any right, title or interest (collectively, the “Article 9 Collateral”):

 (a)      all Accounts; 

(b)      all Chattel Paper; 

(c)      all cash, Cash Equivalents and Deposit Accounts; 

(d)      all Documents; 

(e)      all Equipment; 

(f)      all General Intangibles; 

(g)      all Goods 

(h)      all Instruments; 

(i)      all Inventory; 

(j)      all Investment Property; 

(k)      all Letter of Credit Rights; 

(l)      all Intellectual Property; 

(m)     all Commercial Tort Claims, including those described on Schedule IV hereto; 

(n)      each of the following: 

(i)      Securities Accounts; 

(ii)      Investment Property credited to Securities Accounts or Deposit Accounts from time to
time and all Security Entitlements in respect thereof; 

  
 20 

 (iii)    all cash held in any Securities Account or Deposit Account;
and 
 (iv)    all other Money in the possession of the Collateral Agent; 

 

	 	(o)	 all books and Records pertaining to the Article 9 Collateral; and 

 

	 	(p)	 all proceeds, Supporting Obligations and products of any and all of the foregoing and all collateral
security and guarantees given by any person with respect to any of the foregoing. 

 Notwithstanding
anything to the contrary in this Agreement or any other Loan Document, the Article 9 Collateral will not include, this Agreement will not constitute a grant of a security interest in and the security interest granted hereunder will not attach to any
Excluded Asset. 
  

	(2)	 Each Grantor hereby irrevocably authorizes the Collateral Agent at any time and from time to time to file in
any relevant jurisdiction any financing statements (including fixture filings) with respect to the Article 9 Collateral (including all Article 9 Collateral consisting of Pledged Collateral) or any part thereof and amendments thereto that contain the
information required by Article 9 of the Uniform Commercial Code of each applicable jurisdiction for the filing of any financing statement or amendment, including: 

 

	 	(a)	 whether such Grantor is an organization, the type of organization and any organizational identification
number issued to such Grantor; 

  

	 	(b)	 in the case of a financing statement filed as a fixture filing, a sufficient description of the property to
which such Article 9 Collateral relates; and 

  

	 	(c)	 a description of collateral that describes such property in any other manner as the Collateral Agent may
reasonably determine is necessary to ensure the perfection of the security interest in the Article 9 Collateral granted under this Agreement, including describing such property as “all assets”, whether now owned or hereafter acquired, or
words of similar effect. 

 Each Grantor agrees to provide such information to the Collateral Agent promptly upon request.

  

	(3)	 The Collateral Agent is further authorized to file with the United States Patent and Trademark Office or
United States Copyright Office (or any successor office) such documents as may be reasonably necessary for the purpose of perfecting, continuing, enforcing or protecting the Security Interest granted by each Grantor, without the signature of any
Grantor, and naming any Grantor or the Grantors as debtors and the Collateral Agent as secured party. 

  

	(4)	 Notwithstanding anything to the contrary in this Agreement or any other Loan Document, no Grantor shall be
required to take any action under the laws of any jurisdiction other than the United States (or any political subdivision thereof) and its territories and possessions for the purpose of perfecting the Security Interest in any Article 9 Collateral of
such Grantor. 

  
 21 

	(5)	 The Security Interest is granted as security only and shall not subject the Collateral Agent or any other
Secured Party to, or in any way alter or modify, any obligation or liability of any Grantor with respect to or arising out of the Article 9 Collateral. 

  

	(6)	 Notwithstanding anything to the contrary in any Loan Document, no Grantor will be required:

  

	 	(a)	 to take, or cause to be taken, any actions to perfect the Security Interest by any means other than (to the
extent reasonably applicable): 

 (i)        
filings pursuant to the Uniform Commercial Code in the office of the Secretary of State (or equivalent filing office) of the relevant State(s) of the respective jurisdictions of organization of each Grantor; 

(ii)         filings in the United States Patent and Trademark Office
and the United States Copyright Office of an Intellectual Property Security Agreement; 

(iii)         delivery of Collateral consisting of instruments, notes
and debt securities in a principal amount in excess of $7.5 million; provided that such delivery shall not be required with respect to: 

(A)    instruments, notes and debt securities that are promptly deposited into an
investment or securities account; 
 (B)    checks received in the ordinary course of
business; 
 (C)    notes and debt securities issued in connection with the extension
of trade creditor by a grantor of a security interest; and 
 (D)    instruments, notes
and debt securities issued by a Grantor; 
 (iv)      delivery of Collateral
consisting of certificated Equity Interests included in the Collateral; 
  

	 	(b)	 to enter, or cause to be entered, any Control Agreements or similar arrangements with respect to any Deposit
Accounts (except with respect to the Blocked Accounts and the Asset Sale Proceeds Account), Securities Accounts, Commodities Accounts or other Collateral that requires perfection by Control; 

 

	 	(c)	 to take any actions outside the United States to create or perfect any security interests in any Collateral
(it being understood that there shall be no security agreements or pledge agreements governed under the laws of any foreign jurisdiction); or 

  

	 	(d)	 to take any actions to create or perfect any security interests in any (i) Vehicles, (ii) any Letter of
Credit Rights to the extent not perfected as Supporting Obligations by the filing of a UCC financing statement on, or possession of, the 

  
 22 

	 	 
primary Collateral and (iii) any Commercial Tort Claim with a value not in excess of $7.5 million, as determined in good faith by the Borrower. 

Section 4.02     Representations and Warranties. Each Grantor represents and warrants (but
only with respect to any Borrowing made after the Closing Date pursuant to (a) Section 2.21 of the Credit Agreement, to the extent required by Section 2.21(6) of the Credit Agreement, and (b) Section 4.01 of the Credit
Agreement) to the Collateral Agent and the Secured Parties that: 
  

	(1)	 Each Grantor has good and valid rights in and title to the Article 9 Collateral with respect to which it has
purported to grant a Security Interest hereunder and has full power and authority to grant to the Collateral Agent the Security Interest in such Article 9 Collateral pursuant hereto and to execute, deliver and perform its obligations in accordance
with the terms of this Agreement, without the consent or approval of any other Person other than any consent or approval that has been obtained and is in full force and effect or has otherwise been disclosed herein or in the Credit Agreement.

  

	(2)	 The Uniform Commercial Code financing statements containing a description of the Article 9 Collateral that
have been prepared by the Collateral Agent for filing in the office specified in Schedule III constitute all the filings, recordings and registrations (except as set forth in the following clause (3)) that are, as of the Closing Date, necessary to
publish notice of and protect the validity of and to establish a legal, valid and perfected security interest in favor of the Collateral Agent (for the benefit of the Secured Parties) in respect of all Article 9 Collateral in which the Security
Interest may be perfected by filing. 

  

	(3)	 A fully executed Intellectual Property Security Agreement containing a description of all Article 9
Collateral existing on the Closing Date and consisting of Intellectual Property owned by such Grantor with respect to United States Patents (and Patents for which United States applications are pending), United States registered Trademarks (and
Trademarks for which United States registration applications are pending) and United States registered Copyrights (and Copyrights for which United States registration applications are pending) was delivered on the Closing Date to the Collateral
Agent for recording with the United States Patent and Trademark Office and the United States Copyright Office pursuant to 35 U.S.C. § 261, 15 U.S.C. § 1060 or 17 U.S.C. § 205 and the regulations thereunder, as applicable.

  

	(4)	 The Security Interest constitutes (a) a legal and valid security interest in all the Article 9
Collateral securing the payment and performance of the Secured Obligations; (b) subject to the filings described in Section 4.02(2), a perfected security interest in all Article 9 Collateral in which a security interest may be perfected by
filing, recording or registering a financing statement or analogous document in the United States (or any political subdivision thereof) and its territories and possessions pursuant to the Uniform Commercial Code or other applicable law in such
jurisdictions; and (c) a security interest that shall be perfected in all Article 9 Collateral in which a security interest may be perfected upon the receipt and recording of an Intellectual Property Security Agreement with the United States
Patent and Trademark Office and the United States Copyright 

  
 23 

	 	 
Office, as applicable. The Security Interest is and shall be prior to any other Lien on any of the Article 9 Collateral other than Permitted Liens. 

 

	(5)	 The Article 9 Collateral is owned by the Grantors free and clear of any Lien, other than Permitted Liens.
None of the Grantors has filed or consented to the filing after the Closing Date of (a) any financing statement or analogous document under the Uniform Commercial Code or any other applicable laws covering any Article 9 Collateral; (b) any
assignment in which any Grantor assigns any Article 9 Collateral or any security agreement or similar instrument covering any Article 9 Collateral with the United States Patent and Trademark Office or the United States Copyright Office; or
(c) any assignment in which any Grantor assigns any Article 9 Collateral or any security agreement or similar instrument covering any Article 9 Collateral with any foreign governmental, municipal or other office, which financing statement or
analogous document, assignment, security agreement or similar instrument is still in effect, except, in each case, for Permitted Liens. 

  

	(6)	 None of the Grantors holds any Commercial Tort Claim individually in excess of $7.5 million as of the
Closing Date except as indicated on Schedule IV. 

  

	(7)	 The names of the obligors, amounts owing, due dates and other information with respect to each
Grantor’s Accounts and Chattel Paper that are Collateral are and will be correctly stated, at the time furnished, in all records of such Grantor relating thereto and in all invoices furnished to the Agent by such Grantor from time to time.

  

	(8)	 As to itself and its Article 9 Collateral consisting of Intellectual Property (the “Intellectual
Property Collateral”), to each Grantor’s knowledge, as of the Closing Date: 

  

	 	(a)	 The Intellectual Property Collateral set forth on Schedule II includes all of the material Patents,
Trademarks and Copyrights owned by such Grantor as of the date hereof; 

  

	 	(b)	 The Intellectual Property Collateral owned by such Grantors has not been adjudged invalid or unenforceable
in whole or part (except for office actions issued in the ordinary course by the United States Patent and Trademark Office or any similar office in any foreign jurisdiction), and is valid and enforceable, except as would not reasonably be expected
to have a Material Adverse Effect. Such Grantor is not aware of any uses of any item of Intellectual Property Collateral that would be expected to lead to such item becoming invalid or unenforceable, except as would not reasonably be expected to
have a Material Adverse Effect; 

  

	 	(c)	 Such Grantor has made or performed in the ordinary course of Grantor’s business, acts, including
filings, recordings and payment of all required fees and taxes, required to maintain and protect its interest in each and every item of Intellectual Property Collateral owned by such Grantor in full force and effect in the United States, and such
Grantor has used proper statutory notice in connection with its use of each Patent, Trademark and Copyright owned by such Grantor in the 

  
 24 

	 	 
Intellectual Property Collateral, in each case, except to the extent that the failure to do so would not reasonably be expected to have a Material Adverse Effect; 

 

	 	(d)	 With respect to each IP Agreement, the absence, termination or violation of which would reasonably be
expected to have a Material Adverse Effect: (A) such Grantor has not received any notice of termination or cancellation under such IP Agreement; (B) such Grantor has not received any notice of a breach or default under such IP Agreement,
which breach or default has not been cured or waived; and (C) neither such Grantor nor 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. 

  

	 	(e)	 Except as would not reasonably be expected to have a Material Adverse Effect, no Grantor or Intellectual
Property Collateral owned by such Grantor is subject to any outstanding consent, settlement, decree, order, injunction, judgment or ruling restricting the use of any Intellectual Property Collateral owned by such Grantor or that would impair the
validity or enforceability of such Intellectual Property Collateral owned by such Grantor. 

Section 4.03     Covenants. 
  

	(1)	 Each Grantor agrees to comply with Section 5.10(3) of the Credit Agreement. 

 

	(2)	 Subject to the rights of such Grantor under the Loan Documents to dispose of Collateral and except as would
otherwise be permitted by the Credit Agreement, each Grantor will, at its own expense, use commercially reasonable efforts to defend title to the Article 9 Collateral against all persons and to defend the Security Interest of the Collateral Agent,
for the benefit of the Secured Parties, in the Article 9 Collateral and the priority thereof against any Lien that is not a Permitted Lien. 

  

	(3)	 Each Grantor agrees, at its own expense, to execute, acknowledge, deliver and cause to be duly filed all
such further instruments and documents and take all such actions as the Collateral Agent may from time to time reasonably request to preserve, protect and perfect the Security Interest and the rights and remedies created hereby, including the
payment of any fees and taxes required in connection with the execution and delivery of this Agreement and the granting of the Security Interest and the filing of any financing statements (including fixture filings) or other documents in connection
herewith or therewith. 

  

	(4)	 If any amount payable under or in connection with any of the Article 9 Collateral that is in excess of
$7.5 million is or becomes evidenced by any promissory note or other instrument, such note or instrument, subject to the Intercreditor Agreement, will be promptly pledged and delivered to the Collateral Agent, for the benefit of the Secured
Parties, duly endorsed in a manner reasonably satisfactory to the Collateral Agent. 

  
 25 

	(5)	 After the occurrence of an Event of Default and during the continuance thereof, the Collateral Agent will
have the right to verify under reasonable procedures the validity, amount, quality, quantity, value, condition and status of, or any other matter relating to, the Article 9 Collateral, including, in the case of Accounts or Article 9 Collateral in
the possession of any third person, by contacting Account Debtors or the third person possessing such Article 9 Collateral for the purpose of making such a verification. The Collateral Agent shall have the right to share any information it gains
from such inspection or verification with any Secured Party. 

  

	(6)	 None of the Grantors will, without the Collateral Agent’s prior written consent (such consent not to be
unreasonably withheld, delayed or conditioned), grant any extension of the time of payment of any Accounts included in the Article 9 Collateral, compromise, compound or settle the same for less than the full amount thereof, release, wholly or
partly, any person liable for the payment thereof or allow any credit or discount whatsoever thereon, in each case, other than extensions, credits, discounts, compromises or settlements granted or made in the ordinary course of business and
consistent with prudent business practices or as otherwise permitted under the Credit Agreement. 

  

	(7)	 At its option after the occurrence of an Event of Default and during the continuance thereof, the Collateral
Agent may discharge past due taxes, assessments, charges, fees, Liens, security interests or other encumbrances at any time levied or placed on the Article 9 Collateral and not a Permitted Lien, and may pay for the maintenance and preservation of
the Article 9 Collateral to the extent any Grantor fails to do so as required by the Credit Agreement or this Agreement, and each Grantor jointly and severally agrees to reimburse the Collateral Agent on demand for any reasonable payment made or any
reasonable expense incurred by the Collateral Agent pursuant to the foregoing authorization; provided, however, that nothing in this Section 4.03(7) will excuse any Grantor from the performance of, or impose any obligation on the
Collateral Agent or any Secured Party to cure or perform, any covenants or other promises of any Grantor with respect to taxes, assessments, charges, fees, Liens, security interests or other encumbrances and maintenance as set forth herein or in the
other Loan Documents. 

  

	(8)	 Each Grantor (rather than the Collateral Agent or any Secured Party) will remain liable for the observance
and performance of all the conditions and obligations to be observed and performed by it under each contract, agreement or instrument relating to the Article 9 Collateral. 

 

	(9)	 Each Grantor irrevocably makes, constitutes and appoints the Collateral Agent (and all officers, employees
or agents designated by the Collateral Agent for such purpose) as such Grantor’s true and lawful agent (and attorney-in-fact) for the purpose, during the continuance of an Event of Default, of making,
settling and adjusting claims in respect of Article 9 Collateral under policies of insurance, endorsing the name of such Grantor on any check, draft, instrument or other item of payment for the proceeds of such policies of insurance and for making
all determinations and decisions with respect thereto. 

  

	(10)	 In the event that any Grantor at any time or times fails to obtain or maintain any of the policies of
insurance required hereby or under the Credit Agreement or to pay any 

  
 26 

	 	 
premium in whole or part relating thereto, the Collateral Agent may, after the occurrence and during the continuation of an Event of Default, without waiving or releasing any obligation or
liability of the Grantors hereunder or any Event of Default, in its sole discretion, obtain and maintain such policies of insurance and pay such premium and take any other actions with respect thereto as the Collateral Agent reasonably deems
advisable. All sums disbursed by the Collateral Agent in connection with this Section 4.03(10), including reasonable attorneys’ fees, court costs, expenses and other charges relating thereto, shall be payable, upon demand, by the Grantors to
the Collateral Agent and shall be additional Secured Obligations secured hereby. 

Section 4.04    Other Actions. In order to further ensure the attachment and perfection of,
and the ability of the Collateral Agent to enforce, for the benefit of the Secured Parties, the Collateral Agent’s security interest in the Article 9 Collateral, each Grantor agrees, in each case at such Grantor’s own expense, to take the
following actions with respect to the following Article 9 Collateral: 
  

	(1)	 Instruments and Tangible Chattel Paper. If any Grantor at any time holds or acquires any Instruments
(other than checks received and processed in the ordinary course of business) or Tangible Chattel Paper evidencing an amount in excess of $7.5 million, such Grantor will forthwith endorse, assign and deliver the same to the Collateral Agent (or
a designated bailee, in accordance with the Intercreditor Agreement), accompanied by such instruments of transfer or assignment duly executed in blank as the Collateral Agent may from time to time reasonably request. 

 

	(2)	 Investment Property. Except to the extent otherwise provided in Article III, if any Grantor at any
time holds or acquires any Certificated Security constituting Pledged Collateral or Article 9 Collateral, such Grantor will forthwith endorse, assign and deliver the same to the Collateral Agent (or a designated bailee, in accordance with the
Intercreditor Agreement), accompanied by such instruments of transfer or assignment duly executed in blank as the Collateral Agent may from time to time reasonably specify. If any security of a domestic issuer now owned or hereafter acquired by any
Grantor is uncertificated and is issued to such Grantor or its nominee directly by the issuer thereof, such Grantor shall promptly notify the Collateral Agent of such uncertificated securities and upon the occurrence and during the continuance of an
Event of Default, such Grantor shall pursuant to an agreement in form and substance reasonably satisfactory to the Collateral Agent, either (a) cause the issuer to agree to comply with instructions from the Collateral Agent (or a designated
bailee, in accordance with the Intercreditor Agreement) as to such security, without further consent of any Grantor or such nominee or (b) cause the issuer to register the Collateral Agent (or a designated bailee, in accordance with the
Intercreditor Agreement) as the registered owner of such security. 

  

	(3)	 Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim in
an amount reasonably estimated to exceed $7.5 million, such Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor, including a summary description of such claim, and grant to the Collateral Agent in
writing a security interest therein and in the proceeds thereof, all under the terms and 

  
 27 

 
provisions of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent. 

Section 4.05    Covenants Regarding Patent, Trademark and Copyright Collateral. Except as
permitted by the Credit Agreement: 
  

	(1)	 Each Grantor agrees that it will not knowingly do any act or omit to do any act (and will exercise
commercially reasonable efforts to contractually prohibit its licensees from doing any act or omitting to do any act) whereby any material Patent owned by such Grantor that is necessary to the normal conduct of such Grantor’s business may
become prematurely invalidated, abandoned, lapsed or dedicated to the public, and agrees that it will take commercially reasonable steps with respect to any material products covered by any such Patent as necessary to establish and preserve its
rights under applicable patent laws. 

  

	(2)	 Each Grantor will, and will use its commercially reasonable efforts to contractually require its licensees
and its sublicensees to, for each material Trademark owned by such Grantor and necessary to the normal conduct of such Grantor’s business: 

  

	 	(a)	 maintain such Trademark in full force free from any adjudication of abandonment or invalidity for non-use; 

  

	 	(b)	 maintain the quality of products and services offered under such Trademark; 

 

	 	(c)	 display such Trademark with notice of federal or foreign registration or claim of trademark or service mark
as required under applicable law; and 

  

	 	(d)	 not knowingly use or knowingly permit its licensees’ use of such Trademark in violation of any
third-party rights. 

  

	(3)	 Each Grantor will, and will use its commercially reasonable efforts to cause its licensees and its
sublicensees to, for each work covered by a material Copyright owned by such Grantor and necessary to the normal conduct of such Grantor’s business and that it publishes, displays and distributes, use a copyright notice as necessary and
sufficient to establish and preserve its rights under applicable copyright laws. 

  

	(4)	 Each Grantor shall notify the Collateral Agent promptly if it knows that any material Patent, Trademark or
Copyright owned by such Grantor and necessary to the normal conduct of such Grantor’s business may imminently become abandoned, lapsed or dedicated to the public, or of any materially adverse determination or development, excluding office
actions and similar determinations or developments in the United States Patent and Trademark Office, United States Copyright Office, any court or any similar office of any country, regarding such Grantor’s ownership of any such material Patent,
Trademark or Copyright or its right to register or to maintain the same. 

  

	(5)	 Each Grantor, either itself or through any agent, employee, licensee or designee, will, upon the reasonable
request of the Collateral Agent, execute and deliver any and all 

  
 28 

	 	 
agreements, instruments, documents and papers as the Collateral Agent may reasonably request to evidence the Collateral Agent’s security interest in each Patent, Trademark, or Copyright
listed in each updated Perfection Certificate (or in any applicable specified information contained in the Perfection Certificate) furnished pursuant to Section 5.04(6) of the Credit Agreement. 

 

	(6)	 Each Grantor will exercise its reasonable business judgment consistent with the practice in any proceeding
before the United States Patent and Trademark Office, the United States Copyright Office with respect to maintaining and pursuing each application owned by such Grantor relating to any material Patent, Trademark and/or Copyright (and obtaining the
relevant grant or registration) necessary to the normal conduct of such Grantor’s business and to maintain (a) each such Patent and (b) the registrations of each such Trademark and each such Copyright, including, when applicable and
necessary in such Grantor’s reasonable business judgment, timely filings of applications for renewal, affidavits of use, affidavits of incontestability and payment of maintenance fees, and, if any Grantor believes necessary in its reasonable
business judgment, to initiate opposition, interference and cancellation proceedings against third parties. 

  

	(7)	 In the event that any Grantor knows or has reason to know that any Article 9 Collateral consisting of a
material Patent, Trademark or Copyright necessary to the normal conduct of its business has been materially infringed, misappropriated or diluted by a third party, such Grantor will promptly notify the Collateral Agent and will, if such Grantor
deems it necessary in its reasonable business judgment, promptly take actions as are reasonably appropriate under the circumstances. 

Section 4.06    Intercreditor Relations. Notwithstanding anything herein to the contrary,
(1) the Grantors and the Collateral Agent acknowledge that the exercise of certain of the Collateral Agent’s rights and remedies hereunder are subject to the provisions of the Intercreditor Agreement and (2) prior to the Discharge of
Term Loan Claims, any obligation hereunder to physically deliver any Term Loan Priority Collateral to the Collateral Agent shall be deemed satisfied by the delivery to the Term Loan Collateral Agent, acting as gratuitous bailee for the Collateral
Agent in accordance with the Intercreditor Agreement. The failure of the Collateral Agent or any other Secured Party to immediately enforce any of its rights and remedies hereunder (as a result of the terms of the Intercreditor Agreement or
otherwise) shall not constitute a waiver of any such rights and remedies. In the event of any conflict or inconsistency between the terms of the Intercreditor Agreement and this Agreement regarding the relative priorities of the Term Loan Collateral
Agent and the Collateral Agent in the Collateral, the terms of the Intercreditor Agreement shall govern and control. 
 ARTICLE V. 

REMEDIES 

Section 5.01    Remedies Upon Default. Upon the occurrence and during the continuance of an
Event of Default, each Grantor agrees to deliver each item of Collateral to the Collateral Agent (or a designated bailee, in accordance with the Intercreditor Agreement) on demand, and it is agreed that the Collateral Agent shall have the right,
subject to applicable law, to take any of 

  
 29 

 
or all the following actions at the same or different times: (1) with respect to any Article 9 Collateral consisting of Intellectual Property, on demand, to cause the Security Interest to
become an assignment, transfer and conveyance of any of or all such Article 9 Collateral by the applicable Grantors to the Collateral Agent or to license or sublicense, whether general, special or otherwise, and whether on an exclusive or a non-exclusive basis, any such Article 9 Collateral throughout the world on such terms and conditions and in such manner as the Collateral Agent shall determine (other than in violation of any then-existing licensing
arrangements to the extent that waivers thereunder cannot be obtained with the use of commercially reasonable efforts, which each Grantor hereby agrees to use) and (2) to take possession of the Article 9 Collateral and without liability for
trespass to the applicable Grantor to enter any premises where the Article 9 Collateral may be located for the purpose of taking possession of, removing or selling the Article 9 Collateral and, generally, to exercise any and all rights afforded to a
secured party under the applicable Uniform Commercial Code or other applicable law. Without limiting the generality of the foregoing rights and remedies, each Grantor agrees that the Collateral Agent shall have the right, subject to the mandatory
requirements of applicable law (including the Uniform Commercial Code), to sell or otherwise dispose of all or any part of the Collateral at a public or private sale or at any broker’s board or on any securities exchange, for cash, upon credit
or for future delivery as the Collateral Agent shall deem appropriate. The Collateral Agent shall be authorized in connection with any sale of a security (if it deems it advisable to do so) pursuant to the foregoing to restrict the prospective
bidders or purchasers to persons who represent and agree that they are purchasing such security for their own account, for investment, and not with a view to the distribution or sale thereof. Upon consummation of any such sale of Collateral pursuant
to this Section 5.01, the Collateral Agent shall have the right to assign, transfer and deliver to the purchaser or purchasers thereof the Collateral so sold. Each such purchaser at any such sale shall hold the property sold absolutely, free
from any claim or right on the part of any Grantor, and each Grantor hereby waives and releases (to the extent permitted by law) all rights of redemption, stay, valuation and appraisal that such Grantor now has or may at any time in the future have
under any rule of law or statute now existing or hereafter enacted. 
 Except for collateral of the type specified in Section 9-611(d) of the UCC, the Collateral Agent shall give the applicable Grantors ten Business Days’ written notice (which each Grantor agrees is reasonable notice within the meaning of Section 9-611 of the UCC or its equivalent in other jurisdictions) of the Collateral Agent’s intention to make any sale of Collateral. Such notice, in the case of a public sale, shall state the time and
place for such sale and, in the case of a sale at a broker’s board or on a securities exchange, shall state the board or exchange at which such sale is to be made and the day on which the Collateral, or portion thereof, will first be offered
for sale at such board or exchange. Any such public sale shall be held at such time or times within ordinary business hours and at such place or places as the Collateral Agent may fix and state in the notice (if any) of such sale. The Collateral, or
the portion thereof, to be sold at any such sale may be sold in one lot as an entirety or in separate parcels, in the Collateral Agent’s own right or by one or more agents and contractors, upon any premises owned, leased, or occupied by any
Grantor and the Collateral Agent and any such agent or contractor, in conjunction with any such sale, may augment the Inventory to be sold with other goods (all of which other goods shall remain the sole property of the Collateral Agent or such
agent or contractor), all as the Collateral Agent may (in its sole and absolute discretion) determine. The Collateral Agent shall not be obligated to make any sale of any Collateral if it shall determine not

  
 30 

 
to do so, regardless of the fact that notice of sale of such Collateral shall have been given. The Collateral Agent may, without notice or publication, adjourn any public or private sale or cause
the same to be adjourned from time to time by announcement at the time and place fixed for sale, and such sale may, without further notice, be made at the time and place to which the same was so adjourned. In the case of any sale of all or any part
of the Collateral made on credit or for future delivery, the Collateral so sold may be retained by the Collateral Agent until the sale price is paid by the purchaser or purchasers thereof, but the Collateral Agent shall not incur any liability in
the event that any such purchaser or purchasers shall fail to take up and pay for the Collateral so sold and, in the case of any such failure, such Collateral may be sold again upon notice given in accordance with provisions above. At any public
(or, to the extent permitted by law, private) sale made pursuant to this Section 5.01, any Secured Party may bid for or purchase, free (to the extent permitted by law) from any right of redemption, stay, valuation or appraisal on the part of
any Grantor (all such rights being also hereby waived and released to the extent permitted by law), the Collateral or any part thereof offered for sale and may make payment on account thereof by using any claim then due and payable to such Secured
Party from any Grantor as a credit against the purchase price, and such Secured Party may, upon compliance with the terms of sale, hold, retain and dispose of such property in accordance with Section 5.02 hereof without further accountability
to any Grantor therefor. For purposes hereof, a written agreement to purchase the Collateral or any portion thereof shall be treated as a sale thereof; the Collateral Agent shall be free to carry out such sale pursuant to such agreement and no
Grantor shall be entitled to the return of the Collateral or any portion thereof subject thereto, notwithstanding the fact that after the Collateral Agent shall have entered into such an agreement all Events of Default shall have been remedied and
the Secured Obligations paid in full. As an alternative to exercising the power of sale herein conferred upon it, the Collateral Agent may proceed by a suit or suits at law or in equity to foreclose this Agreement and to sell the Collateral or any
portion thereof pursuant to a judgment or decree of a court or courts having competent jurisdiction or pursuant to a proceeding by a court-appointed receiver. Any sale pursuant to the provisions of this
Section 5.01 shall be deemed to conform to the commercially reasonable standards as provided in Section 9-610(b) of the UCC or its equivalent in other jurisdictions. 

Without limiting any other rights of the Collateral Agent granted pursuant to this Agreement, each Grantor hereby grants to
the Collateral Agent, and the representatives and independent contractors of the Collateral Agent, a royalty free, non-exclusive, irrevocable license (such license to be effective upon the occurrence and
during the continuance of any Event of Default), to use, apply, and affix any Trademark, trade name, logo, or the like in which any Grantor now or hereafter has rights, solely in connection with the Collateral Agent’s enforcement of rights or
remedies hereunder, including in connection with any sale or other disposition of Inventory. As to each Grantor, the license granted hereby shall remain in full force and effect until such Grantor hereunder is released hereunder in accordance with
Section 7.15 of this Agreement. 
 Section 5.02    Application of Proceeds. 

 

	(1)	 Subject to the terms of the Intercreditor Agreement, the Collateral Agent will promptly apply the proceeds,
moneys or balances of any collection or sale of Collateral, as well as any Collateral consisting of cash, in the manner specified in the Credit Agreement. 

  
 31 

	(2)	 The Collateral Agent will have absolute discretion as to the time of application of any such proceeds,
moneys or balances in accordance with this Agreement. Upon any sale of Collateral by the Collateral Agent (including pursuant to a power of sale granted by statute or under a judicial proceeding), the receipt of the purchase money by the Collateral
Agent or of the officer making the sale will be a sufficient discharge to the purchaser or purchasers of the Collateral so sold and such purchaser or purchasers will not be obligated to see to the application of any part of the purchase money paid
over to the Collateral Agent or such officer or be answerable in any way for the misapplication thereof. 

  

	(3)	 Notwithstanding anything in this Agreement or any other Loan Document to the contrary, the Collateral Agent
will not be required to marshal the Collateral or any guarantee of the Secured Obligations or to resort to the Collateral or any such Guarantee in any particular order. 

Section 5.03    Securities Act, Etc. In view of the position of the Grantors in relation to the Pledged
Collateral, or because of other current or future circumstances, a question may arise under the Securities Act of 1933, as now or hereafter in effect, or any similar federal statute hereafter enacted analogous in purpose or effect (such Act and any
such similar statute as from time to time in effect being called the “Federal Securities Laws”) with respect to any disposition of the Pledged Collateral permitted hereunder. Each Grantor understands that compliance with the
Federal Securities Laws might very strictly limit the course of conduct of the Collateral Agent if the Collateral Agent were to attempt to dispose of all or any part of the Pledged Collateral, and might also limit the extent to which or the manner
in which any subsequent transferee of any Pledged Collateral could dispose of the same. Similarly, there may be other legal restrictions or limitations affecting the Collateral Agent in any attempt to dispose of all or part of the Pledged Collateral
under applicable Blue Sky or other state securities laws or similar laws analogous in purpose or effect. Each Grantor acknowledges and agrees that in light of such restrictions and limitations, the Collateral Agent, in its sole and absolute
discretion, may (1) proceed to make such a sale whether or not a registration statement for the purpose of registering such Pledged Collateral or part thereof shall have been filed under the Federal Securities Laws or, to the extent applicable,
Blue Sky or other state securities laws and (2) approach and negotiate with a single potential purchaser to effect such sale. Each Grantor acknowledges and agrees that any such sale might result in prices and other terms less favorable to the
seller than if such sale were a public sale without such restrictions. In the event of any such sale, the Collateral Agent will incur no responsibility or liability for selling all or any part of the Pledged Collateral at a price that the Collateral
Agent, in its sole and absolute discretion, may in good faith deem reasonable under the circumstances, notwithstanding the possibility that a substantially higher price might have been realized if the sale were deferred until after registration as
aforesaid or if more than a single purchaser were approached. The provisions of this Section 5.03 will apply notwithstanding the existence of a public or private market upon which the quotations or sales prices may exceed substantially the
price at which the Collateral Agent sells. 

  
 32 

 ARTICLE VI. 

INDEMNITY, SUBROGATION AND SUBORDINATION 

Section 6.01    Indemnity. In addition to all such rights of indemnity and subrogation as the Guarantors may
have under applicable law (but subject to Section 6.03 hereof), the Borrower agrees that (a) in the event a payment is made by any Guarantor under this Agreement in respect of any Secured Obligation of the Borrower, the Borrower shall
indemnify such Guarantor for the full amount of such payment and such Guarantor shall be subrogated to the rights of the person to whom such payment shall have been made to the extent of such payment and (b) in the event any assets of any
Guarantor are sold pursuant to this Agreement or any other Security Document to satisfy in whole or in part a Secured Obligation of the Borrower, the Borrower will indemnify such Guarantor in an amount equal to the greater of the book value or the
fair market value of the assets so sold. 
 Section 6.02    Contribution and Subrogation. Subject to
Section 2.07, each Guarantor (a “Contributing Guarantor”) agrees (subject to Section 6.03 hereof) that, in the event a payment shall be made by any other Guarantor hereunder in respect of any Secured Obligation or
assets of any other Guarantor are sold pursuant to any Security Document to satisfy any Secured Obligation owed to any Secured Party and such other Guarantor (the “Claiming Guarantor”) shall not have been fully indemnified by
the Borrower as provided in Section 6.01 hereof, the Contributing Guarantor shall indemnify the Claiming Guarantor in an amount equal to the amount of such payment or the greater of the book value or the fair market value of such assets, as
applicable, in each case multiplied by a fraction of which the numerator shall be the net worth of such Contributing Guarantor on the date hereof and the denominator shall be the aggregate net worth of all the Guarantors on the date hereof (or, in
the case of any Guarantor becoming a party hereto pursuant to Section 7.16 hereof, the date of the supplement hereto executed and delivered by such Guarantor). Any Contributing Guarantor making any payment to a Claiming Guarantor pursuant to
this Section 6.02 shall be subrogated to the rights of such Claiming Guarantor under Section 6.01 hereof to the extent of such payment. 

Section 6.03    Subordination. 
  

	(1)	 Notwithstanding any provision of this Agreement to the contrary, all rights of the Guarantors under Sections
6.01 and 6.02 hereof and all other rights of indemnity, contribution or subrogation of the Guarantors under applicable law or otherwise will be fully subordinated to the payment in full in cash or immediately available funds of the Secured
Obligations (other than Secured Obligations in respect of Specified Hedge Agreements, Cash Management Obligations and contingent indemnification and reimbursement obligations that are not yet due and payable and for which no claim has been asserted)
until such time as this Agreement has been terminated in accordance with Section 7.15(a). No failure on the part of the Borrower or any Guarantor to make the payments required by Sections 6.01 and 6.02 hereof (or any other payments required
under applicable law or otherwise) will in any respect limit the obligations and liabilities of the Borrower with respect to the Secured Obligations or any Guarantor with respect to its obligations hereunder, and the Borrower shall remain liable for
the full amount of the 

  
 33 

	 	 
Secured Obligations and each Guarantor shall remain liable for the full amount of its obligations hereunder. 

 

	(2)	 The Borrower and each Guarantor hereby agree that all Indebtedness and other monetary obligations owed by it
to the Borrower, any other Guarantor or any Subsidiary will be fully subordinated to the payment in full in cash or immediately available funds of the Secured Obligations (other than Secured Obligations in respect of Specified Hedge Agreements, Cash
Management Obligations and contingent indemnification and reimbursement obligations that are not yet due and payable and for which no claim has been asserted). 

ARTICLE VII. 
 MISCELLANEOUS 

Section 7.01    Notices. All communications and notices hereunder shall (except as otherwise permitted herein)
be in writing and given as provided in Section 10.01 of the Credit Agreement. All communications and notices hereunder to any Grantor will be given to it in care of the Borrower, with such notice to be given as provided in Section 10.01 of
the Credit Agreement. 
 Section 7.02    Security Interest Absolute. All rights of the Collateral Agent
hereunder, the Security Interest in the Article 9 Collateral, the security interest in the Pledged Collateral and all obligations of each Grantor hereunder will be absolute and unconditional irrespective of: 

 

	(1)	 any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with
respect to any of the Secured Obligations or any other agreement or instrument relating to any of the foregoing; 

  

	(2)	 any change in the time, manner or place of payment of, or in any other term of, all or any of the Secured
Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument; 

 

	(3)	 any exchange, release or non-perfection of any Lien on other
collateral, or any release or amendment or waiver of or consent under or departure from any guarantee, securing or guaranteeing all or any of the Secured Obligations; or 

 

	(4)	 subject only to termination or release of a Guarantor’s obligations hereunder in accordance with the
terms of Section 7.15 hereof any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Grantor in respect of the Secured Obligations or this Agreement (other than a defense of payment or performance).

 Section 7.03    Limitation By Law. All rights, remedies and powers provided in this
Agreement may be exercised only to the extent that the exercise thereof does not violate any applicable provision of law, and all the provisions of this Agreement are intended to be subject to 

  
 34 

 
all applicable mandatory provisions of law that may be controlling and to be limited to the extent necessary so that they will not render this Agreement invalid, unenforceable, in whole or in
part, or not entitled to be recorded, registered or filed under the provisions of any applicable law. 

Section 7.04    Binding Effect; Several Agreement. This Agreement will become effective as to any party to
this Agreement when a counterpart hereof executed on behalf of such party is delivered to the Collateral Agent and a counterpart hereof is executed on behalf of the Collateral Agent, and thereafter will be binding upon such party and the Collateral
Agent and their respective permitted successors and assigns, and will inure to the benefit of such party, the Collateral Agent and the other Secured Parties and their respective permitted successors and assigns, except that no party shall have the
right to assign or transfer its rights or obligations hereunder or any interest herein or in the Collateral (and any such assignment or transfer shall be void) except as expressly contemplated by this Agreement, the Credit Agreement. This Agreement
will be construed as a separate agreement with respect to each Loan Party and may be amended, modified, supplemented, waived or released with respect to any Loan Party without the approval of any other Loan Party and without affecting the
obligations of any other Loan Party hereunder. 
 Section 7.05    Successors and Assigns. Whenever in this
Agreement any of the parties hereto is referred to, such reference will be deemed to include the permitted successors and assigns of such party, and all covenants, promises and agreements by or on behalf of any Grantor or the Collateral Agent that
are contained in this Agreement shall bind and inure to the benefit of their respective permitted successors and assigns; provided that no Grantor may assign, transfer or delegate any of its rights or obligations under this Agreement without
the prior written consent of the Collateral Agent. The Collateral Agent hereunder will at all times be the same person that is the Collateral Agent under the Credit Agreement. Written notice of resignation by the Administrative Agent pursuant to the
Credit Agreement will also constitute notice of resignation as the Collateral Agent under this Agreement. Upon the acceptance of any appointment as the Administrative Agent under the Credit Agreement by a successor Administrative Agent, that
successor Administrative Agent will thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Collateral Agent pursuant hereto. 

Section 7.06    Collateral Agent’s Fees and Expenses; Indemnification. The parties hereto agree that the
Collateral Agent will be entitled to reimbursement of its expenses incurred hereunder as provided in Section 10.05 of the Credit Agreement and the provisions of Section 10.05 shall be incorporated by reference herein and apply to each Grantor
mutatis mutandis. 
 Section 7.07    Collateral Agent Appointed
Attorney-in-Fact. Each Grantor hereby appoints the Collateral Agent the attorney-in-fact of such Grantor for the purpose of
carrying out the provisions of this Agreement and taking any action and executing any instrument that the Collateral Agent may deem necessary to accomplish the purposes hereof, which appointment is irrevocable and coupled with an interest. The
Collateral Agent will have the right, upon the occurrence and during the continuance of an Event of Default, with full power of substitution either in the Collateral Agent’s name or in the name of such Grantor, to: 

 

	(1)	 receive, endorse, assign or deliver any and all notes, acceptances, checks, drafts, money orders or other
evidences of payment relating to the Collateral or any part thereof; 

  
 35 

	(2)	 demand, collect, receive payment of, give receipt for and give discharges and releases of all or any of the
Collateral; 

  

	(3)	 ask for, demand, sue for, collect, receive and give acquittance for any and all moneys due or to become due
under and by virtue of any Collateral; 

  

	(4)	 sign the name of any Grantor on any invoice or bill of lading relating to any of the Collateral;

  

	(5)	 send verifications of Accounts to any Account Debtor; 

 

	(6)	 commence and prosecute any and all suits, actions or proceedings at law or in equity in any court of
competent jurisdiction to collect or otherwise realize on all or any of the Collateral or to enforce any rights in respect of any Collateral; 

  

	(7)	 settle, compromise, compound, adjust or defend any actions, suits or proceedings relating to all or any of
the Collateral; 

  

	(8)	 notify, or to require any Grantor to notify, Account Debtors to make payment directly to the Collateral
Agent; and 

  

	(9)	 use, sell, assign, transfer, pledge, make any agreement with respect to or otherwise deal with all or any of
the Collateral, and to do all other acts and things necessary to carry out the purposes of this Agreement, as fully and completely as though the Collateral Agent were the absolute owner of the Collateral for all purposes; 

provided that nothing herein contained will be construed as requiring or obligating the Collateral Agent to make any commitment or to
make any inquiry as to the nature or sufficiency of any payment received by the Collateral Agent, or to present or file any claim or notice, or to take any action with respect to the Collateral or any part thereof or the moneys due or to become due
in respect thereof or any property covered thereby. The Collateral Agent and the other Secured Parties will be accountable only for amounts actually received as a result of the exercise of the powers granted to them herein, and neither they nor
their officers, directors, employees or agents shall be responsible to any Grantor for any act or failure to act hereunder, except for their own gross negligence or willful misconduct. 

Section 7.08    APPLICABLE LAW. THIS AGREEMENT AND ANY CLAIM, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER
IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY WILL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK (EXCEPT FOR CONFLICTS OF LAW
PRINCIPLES THAT WOULD RESULT IN THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION). 

Section 7.09    Waivers; Amendment. 

  
 36 

	(1)	 No failure or delay by the Collateral Agent or any Lender in exercising any right, power or remedy hereunder
or under any other Loan Document will operate as a waiver thereof, nor will any single or partial exercise of any such right, power or remedy, or any abandonment or discontinuance of steps to enforce such a right, power or remedy, preclude any other
or further exercise thereof or the exercise of any other right, power or remedy. The rights, powers and remedies of the Collateral Agent and the Lenders hereunder and under the other Loan Documents are cumulative and are not exclusive of any rights,
powers or remedies that they would otherwise have. No waiver of any provision of this Agreement or consent to any departure by any Loan Party therefrom will in any event be effective unless the same is permitted by paragraph (2) of this Section
7.09, and then such waiver or consent will be effective only in the specific instance and for the purpose for which given. 

  

	(2)	 Neither this Agreement nor any provision hereof may be waived, amended or modified except pursuant to an
agreement or agreements in writing entered into by the Collateral Agent and the Loan Party or Loan Parties with respect to which such waiver, amendment or modification is to apply, subject to any consent required in accordance with Section 10.08 of
the Credit Agreement. 

 Section 7.10    WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY
WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT. EACH PARTY HERETO (1) CERTIFIES
THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (2) ACKNOWLEDGES THAT IT AND THE OTHER
PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 7.10. 

Section 7.11    Severability. In the event any one or more of the provisions contained in this Agreement is
held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein and therein will not in any way be affected or impaired thereby. 

Section 7.12    Counterparts. This Agreement may be executed in two or more counterparts, each of which will
constitute an original but all of which when taken together will constitute but one contract, and will become effective as provided in Section 7.04 hereof. Delivery of an executed counterpart to this Agreement by facsimile or other electronic
transmission will be as effective as delivery of a manually signed original. 
 Section 7.13    Headings.
Article and Section headings and the Table of Contents used herein are for convenience of reference only, are not part of this Agreement and are not to affect the construction of, or to be taken into consideration in interpreting, this Agreement.

 Section 7.14    Jurisdiction; Consent to Service of Process. 

  
 37 

	(1)	 Each party to this Agreement hereby irrevocably and unconditionally submits, for itself and its property, to
the exclusive jurisdiction of any New York State court or federal court of the United States of America sitting in New York County, and any appellate court from any thereof, in any action or proceeding arising out of or relating to this Agreement,
or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding shall be heard and determined in such New York State or, to
the extent permitted by law, in such federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other
manner provided by law. Nothing in this Agreement will affect any right that the Administrative Agent, the Collateral Agent, any Issuing Bank, any Swingline Lender, or any Lender may otherwise have to bring any action or proceeding relating to this
Agreement against any Grantor, or its properties, in the courts of any jurisdiction. 

  

	(2)	 Each party to this Agreement hereby irrevocably and unconditionally waives, to the fullest extent it may
legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement in any New York State or federal court. Each of the parties hereto
hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 

Section 7.15    Termination or Release. 

 

	(1)	 This Agreement, the guarantees made herein, the pledges made herein, the Security Interest and all other
security interests granted hereby shall terminate when all the Secured Obligations (other than Secured Obligations in respect of Specified Hedge Agreements, Cash Management Obligations and contingent indemnification and reimbursement obligations, in
each case, that are not yet due and payable and for which no claim has been asserted) have been paid in full in cash or immediately available funds and the Lenders have no further commitment to lend under the Credit Agreement, the L/C Exposure has
been reduced to zero and each Issuing Bank has no further obligations to issue Letters of Credit under the Credit Agreement; provided, however, that if any secured debt is outstanding under the Term Loan Credit Agreement, all such
Collateral in the form of possessory collateral shall be transferred to the collateral agent under the Term Loan Credit Agreement, notwithstanding anything in the foregoing to the contrary. 

 

	(2)	 A Grantor that is a Subsidiary shall automatically be released from its obligations hereunder and the
security interests in the Collateral of such Grantor shall be automatically released upon the consummation of any transaction permitted by the Credit Agreement as a result of which such Grantor ceases to be a Subsidiary Loan Party or otherwise
ceases to be a Guarantor; provided that such portion of the Lenders as are required by the terms of the Credit Agreement to consent to such transaction shall have consented thereto; provided, further, to the extent the Term Loan
Collateral Documents (as defined in the Intercreditor Agreement) are in effect on such date, such Grantor (and the security interests in the Collateral in respect thereof) shall be released under the Term Loan Collateral Documents concurrently with
the release referred to in this clause (2). 

  
 38 

	(3)	 Upon any sale or other transfer by any Grantor of any Collateral that is permitted under the Credit
Agreement to any person that is not a Grantor, upon the effectiveness of any written consent to the release of the security interest granted hereby in any Collateral pursuant to Sections 10.08 and 10.18 of the Credit Agreement or pursuant to
Section 5.1 of the Intercreditor Agreement, the security interest in such Collateral shall be automatically released; provided to the extent the Term Loan Collateral Documents are in effect on such date, the security interests in such
Collateral shall be released under the Term Loan Collateral Documents concurrently with the release referred to in this clause (3). 

  

	(4)	 In connection with any termination or release pursuant to paragraph (1), (2) or (3) of this
Section 7.15, the Collateral Agent shall execute and deliver to any Grantor, at such Grantor’s expense, all documents that such Grantor reasonably requests to evidence such termination or release (including UCC termination statements) and
will duly assign and transfer to such Grantor such of the Pledged Collateral that may be in the possession of the Collateral Agent (or a designated bailee, in accordance with the Intercreditor Agreement) and has not theretofore been sold or
otherwise applied or released pursuant to this Agreement; provided that the Collateral Agent will not be required to take any action under this Section 7.15(4) unless such Grantor shall have delivered to the Collateral Agent together
with such request, which may be incorporated into such request: (a) a reasonably detailed description of the Collateral, which in any event is sufficient to effect the appropriate termination or release without affecting any other Collateral
and (b) a certificate of a Responsible Officer of the Borrower or such Grantor certifying that the transaction giving rise to such termination or release is permitted by the Credit Agreement and was or is consummated in compliance with the Loan
Documents. Any execution and delivery of documents pursuant to this Section 7.15 shall be without recourse to or warranty by the Collateral Agent. 

  

	(5)	 In the event that Rule 3-10 or Rule
3-16 of Regulation S-X of the Exchange Act is amended, modified or interpreted by the SEC or any other relevant Governmental Authority to require (or is replaced with
another rule or regulation, or any other law, rule or regulation is adopted, which would require) the filing with the SEC (or any other Governmental Authority) of separate financial statements of any Subsidiary of the Borrower due to the fact that
the Equity Interests of such Subsidiary are pledged under this Agreement, then the Equity Interests of such Subsidiary shall automatically be deemed not to be part of the Collateral to the extent necessary not to be subject to such requirement.
Notwithstanding anything to the contrary in this Agreement, if Equity Interests of any Subsidiary are not required to be pledged under this Agreement because Rule 3-10 or Rule
3-16 of Regulation S-X of the Exchange Act would require the filing of separate financial statements of such Subsidiary if its Equity Interests were so pledged, in the
event that Rule 3-10 or Rule 3-16 of Regulation S-X of the Exchange Act is amended, modified or interpreted by the SEC or any
other relevant Governmental Authority to no longer require (or is replaced with another rule or regulation that would not require) the filing of separate financial statements of such Subsidiary if some or all of its Equity Interests are pledged
under this Agreement, then such Equity Interests of such 

  
 39 

	 	 
Subsidiary shall automatically be deemed part of the Collateral and pledged under this Agreement. 

Section 7.16    Additional Subsidiaries. Upon execution and delivery by the Collateral Agent and any
Subsidiary that is required to become a party hereto by Section 5.10 of the Credit Agreement of a supplement in the form of Exhibit A hereto, such Subsidiary will become a Grantor and a Guarantor hereunder with the same force and effect as if
originally named as a Grantor and a Guarantor herein. The execution and delivery of any such supplement will not require the consent of any other party to this Agreement. The rights and obligations of each party to this Agreement will remain in full
force and effect notwithstanding the addition of any new party to this Agreement. 

Section 7.17    Precedence. In the event of a conflict between the terms and conditions of this Agreement and
the terms and conditions of the Credit Agreement, the terms and conditions of the Credit Agreement shall prevail. 
 [Signature Page
Follows] 

  
 40 

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

			
	MERGER SUB:	  	PET ACQUISITION MERGER SUB LLC (which on the
		  	Closing Date shall be merged with and into PETCO
		  	HOLDINGS, INC., with PETCO HOLDINGS, INC.,
		  	surviving such merger as Holdings),
		  	                    as a Grantor
		
		  	            By: /s/ Cameron
Breitner                                
		  	            Name: Cameron Breitner
		  	            Title: President

  
 [Signature Page to ABL
Guarantee and Collateral Agreement] 

			
		  	 The undersigned hereby confirms that, as a result of its merger with PET ACQUISITION MERGER SUB LLC on the Closing Date,
it hereby assumes all of the rights and obligations of PET ACQUISITION MERGER SUB LLC under this Agreement (in furtherance of, and not in lieu of, any assumption or deemed assumption as a matter of law) and hereby agrees to be joined to this
Agreement.

		
	 Holdings:
	  	PETCO HOLDINGS, INC.,
		  	             as a
Grantor

		
		  	             By: /s/ Cameron
Breitner                                

		  	             Name: Cameron
Breitner

		  	             Title:
President

  
 [Signature Page to ABL
Guarantee and Collateral Agreement] 

			
		  	 The undersigned hereby confirms that, pursuant to Section 10.23 of the Credit Agreement, it hereby assumes all of the
rights and obligations of PET ACQUISITION MERGER SUB LLC as “Initial Borrower” and “Borrower under the Credit Agreement and hereby agrees to be joined to this Agreement.

		
	Successor Borrower:	  	 PETCO ANIMAL SUPPLIES, INC.,

            as a Grantor

		
		  	By       /s/ Michael
Nuzzo                                
		  	            Name: Michael Nuzzo
		  	            Title: Chief Financial Officer

  
 [Signature Page to ABL
Guarantee and Collateral Agreement] 

					
		 	PETCO WELLNESS, LLC, as a Grantor
			
		 	By:	  	/s/ Patricia A. Ward                            
		 	Name: Patricia A. Ward
		 	Title: President
		
		 	PETCO ANIMAL SUPPLIES STORES, INC., as a Grantor
			
		 	By:	  	/s/ Patricia A. Ward                            
		 	Name: Patricia A. Ward
		 	Title: President
		
		 	INTERNATIONAL PET SUPPLIES AND
		 	DISTRIBUTION, INC., as a Grantor
			
		 	By:	  	/s/ Patricia A. Ward                            
		 	Name: Patricia A. Ward
		 	Title: President
		
		 	STORES SHIPPING SERVICES, LLC, as a Grantor
			
		 	By:	  	/s/ Patricia A. Ward                            
		 	Name: Patricia A. Ward
		 	Title: President
		
		 	PETCO SUPPORT SERVICES, LLC, as a Grantor
			
		 	By:	  	/s/ Patricia A. Ward                            
		 	Name: Patricia A. Ward
		 	Title: President
		
		 	PETCO PUERTO RICO, LLC, as a Grantor
			
		 	By:	  	/s/ Patricia A. Ward                            
		 	Name: Patricia A. Ward
		 	Title: President

  
 [Signature Page to ABL
Guarantee and Collateral Agreement] 

					
		 	E-PET SERVICES, LLC, as a Grantor
			
		 		    	  by PETCO ANIMAL SUPPLIES STORES, INC.,
		 		    	as its sole member
			
		 	By:	    	/s/ Patricia A. Ward                            
		 	Name: Patricia A. Ward
		 	Title: Authorized Signatory
		
		 	PETCO ASIA, LLC, as a Grantor
			
		 	By:	    	/s/ Patricia A. Ward                            
		 	Name: Patricia A. Ward
		 	Title: President
		
		 	PETCO REAL ESTATE HOLDINGS I LLC, as a Grantor
			
		 	By:	    	/s/ Patricia A. Ward                            
		 	Name: Patricia A. Ward
		 	Title: President
		
		 	PETCO REAL ESTATE HOLDINGS II LLC, as a Grantor
			
		 	By:	    	/s/ Patricia A. Ward                            
		 	Name: Patricia A. Ward
		 	Title: President
		
		 	PETCO REAL ESTATE HOLDINGS III LLC, as a
		 	Grantor
			
		 	By:	    	/s/ Patricia A. Ward                            
		 	Name: Patricia A. Ward
		 	Title: President

  
 [Signature Page to ABL
Guarantee and Collateral Agreement] 

							
		 	 CITIBANK, N.A., as Administrative Agent and

Collateral Agent

			
		 	By:	 	/s/ K. Kelly
Gunness                                        
            
		 		 	Name:	    	K. Kelly Gunness
		 		 	Title:	    	Vice President and Director

  
 [Signature Page to ABL
Guarantee and Collateral Agreement]EX-10.20

 Exhibit 10.20 

Execution Version 

INTERCREDITOR AGREEMENT 

INTERCREDITOR AGREEMENT dated as of January 26, 2016, among CITIBANK, N.A., as ABL Agent (as defined below) and
CITIBANK, N.A., as Initial Term Loan Agent (as defined below), and acknowledged and agreed to by PET ACQUISITION MERGER SUB LLC, a Delaware limited liability company (“Merger Sub”), as the initial borrower under the Initial Term
Loan Credit Agreement and the ABL Credit Agreement (each as defined below) and concurrently with and following the assignment of the obligations of initial borrower on the Closing Date pursuant the Initial Term Loan Credit Agreement and the ABL
Credit Agreement, the Merger and the LLC Conversion have been completed, in its capacity as Holdings (“Holdings”) and concurrently with and following the consummation of the Merger, and assumption of the initial borrower’s
obligations pursuant to the Initial Term Loan Credit Agreement and ABL Credit Agreement, PETCO ANIMAL SUPPLIES, INC., a Delaware corporation (the “Company”), as the borrower under the Initial Term Loan Credit Agreement and a
borrower under the ABL Credit Agreement, and each Subsidiary of Holdings that becomes a party hereto pursuant to Section 9.20 below. 

RECITALS 

A.      Holdings, Merger Sub, and the Company named therein are party to the ABL Credit
Agreement dated as of the date hereof (as same may be amended, supplemented, restated, extended, renewed, Refinanced, replaced, amended and restated or otherwise modified from time to time, the “ABL Credit Agreement”) among
Holdings, Merger Sub, the Company, the lenders party thereto from time to time, the ABL Agent (as defined below) and the other parties thereto. 

B.      Holdings, Merger Sub and the Company are party to the Term Loan Credit Agreement dated
as of the date hereof (as same may be amended, supplemented, restated, extended, renewed, Refinanced, replaced, amended and restated or otherwise modified from time to time, the “Initial Term Loan Credit Agreement”, together with
and in addition to any new or Refinanced Term Loan Credit Agreement entered into in accordance with Section 9.3(b), collectively with the Initial Term Loan Credit Agreement, the “Term Loan Credit Agreement”) among
Holdings, Merger Sub, the Company, the lenders party thereto from time to time, the Initial Term Loan Agent (as defined below) and the other parties thereto. 

AGREEMENT 

Accordingly, in consideration of the foregoing, the mutual covenants and obligations herein set forth and for other good and
valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows: 

 Section 1.      Definitions. 

1.1.      Defined Terms. As used in this Agreement, the following terms have the
meanings specified below: 
 “ABL Agent” shall mean Citibank, N.A., in its capacity as
administrative agent and collateral agent for the ABL Lenders under the ABL Credit Agreement and the other ABL Loan Documents entered into pursuant to the ABL Credit Agreement, together with its successors and permitted assigns under the ABL Credit
Agreement exercising substantially the same rights and powers (the “ABL Agent”). 

“ABL Claims” shall mean the aggregate of (i) the principal amount of all Indebtedness
(other than ABL Lender Cash Management Obligations and ABL Lender Hedging Obligations) and the face amount of all letters of credit incurred under the ABL Credit Agreement together with any interest, fees, attorneys’ fees, costs, expenses and
indemnities payable on account of such principal amount or otherwise in respect of, or arising under, the ABL Credit Agreement or the ABL Loan Documents related thereto or any of them, including all fees and expenses of the ABL Agent thereunder and
(ii) the maximum amount of all ABL Lender Cash Management Obligations and ABL Lender Hedging Obligations (calculated, in the case of ABL Lender Hedging Obligations at any given date, as the maximum aggregate amount then due and owing, giving
effect to any netting agreements, that would be required to be paid if all Specified ABL Hedging Agreements underlying such ABL Lender Hedging Obligations were terminated as of such date), plus, in each case, all interest and expenses accrued or
accruing (or that would, absent the commencement of an Insolvency or Liquidation Proceeding, accrue) after the commencement of an Insolvency or Liquidation Proceeding in accordance with and at the rate specified in the relevant ABL Loan Document to
the extent that the claim for such interest or expense is allowed or allowable as a claim in such Insolvency or Liquidation Proceeding. 

“ABL Collateral” shall mean all of the assets of any Grantor, whether real, personal or
mixed, upon which a Lien is granted or purported to be granted to the ABL Agent under any of the ABL Collateral Documents. 

“ABL Collateral Agreement” shall mean the ABL Guarantee and Collateral Agreement dated as of
the date hereof, among Holdings, Merger Sub, the Company, the other Grantors, and Citibank, N.A., as administrative agent and collateral agent for the secured parties referred to therein, as amended, restated, amended and restated, modified or
replaced from time to time. 
 “ABL Collateral Documents” shall mean the ABL Collateral
Agreement and any security agreement, mortgage or other agreement, document or instrument pursuant to which a Lien is now or hereafter granted securing any ABL Claims or under which rights or remedies with respect to such Liens are at any time
governed. 
 “ABL Credit Agreement” shall have the meaning set forth in the recitals. 

  
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 “ABL Declined Lien” shall have the meaning
set forth in Section 2.3 hereof. 
 “ABL DIP Financing Liens” shall have the
meaning set forth in Section 6.1(a). 
 “ABL Enforcement Notice” shall have the
meaning set forth in Section 3.1(b). 
 “ABL Lender Cash Management
Obligations” shall mean “Cash Management Obligations” or similar term as defined in the ABL Credit Agreement. 

“ABL Lender Hedging Obligations” shall mean all amounts owing under any Specified ABL Hedging
Agreement. 
 “ABL Lenders” shall mean the Persons holding ABL Claims, including the ABL
Agent. 
 “ABL Loan Documents” shall mean (i) the ABL Credit Agreement, the ABL
Collateral Documents and each of the other agreements, documents and instruments providing for, evidencing or securing any Obligation under the ABL Credit Agreement, (ii) each agreement, document or instrument providing for or evidencing an ABL
Lender Hedging Obligation or ABL Lender Cash Management Obligation and (iii) any other related document or instrument executed or delivered pursuant to any document in subclause (i) or (ii) at any time or otherwise evidencing or securing
any Obligation arising under any such ABL Loan Document. 
 “ABL Loan Parties” shall mean
the “Loan Parties” or similar term as defined in the ABL Credit Agreement. 
 “ABL
Priority Collateral” shall mean all Common Collateral consisting of the following: 

(1)      all Accounts, but excluding identifiable proceeds of Term Loan Priority
Collateral; 
 (2)      all Chattel Paper (including Tangible Chattel Paper
and Electronic Chattel Paper), but excluding identifiable proceeds of Term Loan Priority Collateral (including Term Loan Priority Proceeds); 

(3)      (x) all Deposit Accounts and Money and all cash, checks, other
negotiable instruments, funds and other evidences of payments held therein and (y) all Securities, Security Entitlements and Securities Accounts; provided that the foregoing shall not include the Asset Sale Proceeds Account and all cash, checks
and other property held therein or credited thereto; 
 (4)      all
Inventory; 
 (5)      to the extent involving or governing any of the items
referred to in the preceding clauses (1) through (4), all Documents, General Intangibles (including all Payment Intangibles but excluding Intellectual Property), Instruments (including, without 

  
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 limitation, promissory notes), Commercial Tort Claims (it being understood that a Commercial
Tort Claim does not “involve” or “govern” any of clauses (1) through (4) solely because a claim for money damages is made) and Letter-of-Credit
Rights; 
 (6)     to the extent evidencing or governing any of the items referred to in
the preceding clauses (1) through (5), all Supporting Obligations; 
 (7)     all
books and Records relating to the foregoing (including, without limitation, all books, databases, customer lists, engineer drawings, and Records, whether tangible or electronic, which contain any information relating to any of the foregoing); 

(8)     all collateral security and guarantees with respect to any of the foregoing and
all proceeds and products of any or all of the foregoing in whatever form received, including cash, Money, Instruments, Securities, Financial Assets, Deposit Accounts and insurance payments directly received as proceeds of any ABL Priority
Collateral (“ABL Priority Proceeds”) 
 For the avoidance of doubt, except as provided in
Section 2.3, under no circumstances shall any assets excluded from the ABL Collateral pursuant to any ABL Collateral Document constitute ABL Priority Collateral. 

“ABL Priority Proceeds” shall have the meaning set forth in the definition of “ABL Priority
Collateral”. 
 “ABL Recovery” shall have the meaning set forth in
Section 6.5. 
 “ABL Standstill Period” shall have the meaning set forth in
Section 3.1(b). 
 “Accounts” shall have the meaning set forth in the ABL
Credit Agreement in effect on the date hereof (whether or not such agreement is then in effect). 

“Account Agreements” shall mean any lockbox account agreement, pledged account agreement,
blocked account agreement, deposit account control agreement, securities account control agreement, or any similar deposit or securities account agreements among any Term Loan Agent and/or the ABL Agent, one or more Grantors and the relevant
financial institution depository or securities intermediary. 
 “Affiliate” shall have the
meaning set forth in the ABL Credit Agreement as in effect on the date hereof. 

“Agreement” shall mean this Agreement, as amended, renewed, extended, supplemented or
otherwise modified from time to time in accordance with the terms hereof. 
 “Asset Sale Proceeds
Account” shall mean one or more Deposit Accounts or Securities Accounts holding only the proceeds of any sale or disposition of any Term Loan Priority Collateral and the proceeds or investment thereof. 

  
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 “Bankruptcy Law” shall mean Title 11 of the
United States Code and any similar Federal, state or foreign law for the relief of debtors. 

“Business Day” shall have the meaning set forth in the Credit Agreements as in effect on the
date hereof. 
 “Cash Collateral” shall mean any Common Collateral consisting of Money or
cash equivalents, any Security Entitlement and any Financial Assets. 
 “Common Collateral”
shall mean, collectively, the ABL Collateral and the Term Loan Collateral. If, at any time, any portion of the ABL Collateral does not constitute Term Loan Collateral for all Term Loan Claims, then such portion of such ABL Collateral shall
constitute Common Collateral only with respect to the Term Loan Claims for which it constitutes Term Loan Collateral and shall not constitute Common Collateral for any Term Loan Claims which do not have a security interest in such Collateral at such
time. 
 “Company” shall have the meaning set forth in the preamble. 

“Credit Agreements” shall mean, collectively, the ABL Credit Agreement, the Term Loan Credit
Agreement, and any other credit agreement that is entered into by the Company in connection with its incurrence of Future Term Indebtedness. 

“Designated Term Loan Agent” shall mean (i) if at any time there is only one Term Loan
Agent party hereto, such Term Loan Agent or (ii) at any time when clause (i) does not apply, the Term Loan Agent designated as such pursuant to the Term Loan Pari Passu Intercreditor Agreement. 

“Deposit Account Collateral” shall mean that part of the Common Collateral comprised of or
contained in Deposit Accounts. 
 “DIP Financing” shall have the meaning set forth in
Section 6.1. 
 “Discharge of ABL Claims” shall mean, except to the extent
otherwise provided in Section 5.7 below, payment in full in cash or immediately available funds (except for contingent indemnities and cost and reimbursement obligations to the extent no claim therefor has been made) of all Obligations
in respect of all outstanding ABL Claims and, with respect to letters of credit outstanding thereunder, delivery of cash collateral or backstop letters of credit in respect thereof in compliance with the ABL Credit Agreement (or such other
arrangements as are acceptable to the letter of credit issuer in its sole discretion), in each case after or concurrently with the termination of all commitments to extend credit thereunder; provided that the Discharge of ABL Claims shall not
be deemed to have occurred if such payments are made with the proceeds of other ABL Claims that constitute an exchange or replacement for or a Refinancing of such Obligations or ABL Claims, in compliance with Section 9.3. In the event
the ABL Claims are modified and the Obligations in respect thereof are paid over time or otherwise modified pursuant to Section 1129 of the Bankruptcy Code, the ABL Claims 

  
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 shall be deemed to be discharged when the final payment is made, in cash, in
respect of such Obligations and any obligations pursuant to such new indebtedness shall have been satisfied. 

“Discharge of Term Loan Claims” shall mean, except to the extent otherwise provided in
Section 5.7 below, payment in full in cash or immediately available funds (except for contingent indemnities and cost and reimbursement obligations to the extent no claim therefor has been made) of all Obligations in respect of all
outstanding Term Loan Claims; provided that the Discharge of Term Loan Claims shall not be deemed to have occurred if such payments are made with the proceeds of other Term Loan Claims that constitute an exchange or replacement for or a
Refinancing of such Obligations or Term Loan Claims, in compliance with Section 9.3. In the event the Term Loan Claims are modified and the Obligations in respect thereof are paid over time or otherwise modified pursuant to
Section 1129 of the Bankruptcy Code, the Term Loan Claims shall be deemed to be discharged when the final payment is made, in cash, in respect of such Obligations and any obligations pursuant to such new indebtedness shall have been satisfied.

 “Domestic Subsidiary” shall have the meaning set forth in the Credit Agreements as in
effect on the date hereof. 
 “Equity Interests” shall have the meaning set forth in
the Credit Agreements as in effect on the date hereof. 
 “Exercise Any Secured Creditor
Remedies” or “Exercise of Any Secured Creditor Remedies” shall mean, except as otherwise provided in the final sentence of this definition: 

(a)      the taking by any Lender of any action to enforce or realize upon any
Lien, including the institution of any foreclosure proceedings or the noticing of any public or private sale pursuant to Article 9 of the Uniform Commercial Code or other applicable law; 

(b)      the exercise by any Lender of any remedy provided to a secured creditor
on account of a Lien under any of the ABL Loan Documents or the Term Loan Documents, as applicable, under applicable law, in an Insolvency or Liquidation Proceeding or otherwise, including the election to retain any of the Common Collateral in
satisfaction of a Lien; 
 (c)      the taking of any action by any Lender or
the exercise of any right or remedy by any Lender in respect of the collection on, set off against, marshaling of, injunction respecting or foreclosure on the Common Collateral or the proceeds thereof; 

(d)      the appointment, on the application of a Lender, of a receiver,
receiver and manager or interim receiver of all or part of the Common Collateral; 

  
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 (e)      the sale, lease,
license or other disposition of all or any portion of the Common Collateral by private or public sale conducted by a Lender or by any other means at the direction of a Lender permissible under applicable law; 

(f)      the exercise of any other right of a secured creditor under Part 6 of
Article 9 of the Uniform Commercial Code or under provisions of similar effect other applicable law; and 

(g)      the exercise by a Lender of any voting rights relating to any Equity
Interests included in the Common Collateral. 
 For the avoidance of doubt, and notwithstanding the foregoing, none of the
following shall be deemed to constitute an Exercise of Any Secured Creditor Remedies: (i) the filing of a proof of claim in any Insolvency or Liquidation Proceeding, (ii) the exercise of rights pursuant to Section 5.11 of the ABL
Credit Agreement (or any substantially similar provision in any replacement or Refinanced ABL Credit Agreement) by the ABL Lenders during the continuance of a Cash Dominion Period (as defined in the ABL Credit Agreement), including the notification
of account debtors, depository institutions or any other Person to deliver proceeds of ABL Priority Collateral to the ABL Agent in accordance with Section 5.11 of the ABL Credit Agreement (or any substantially similar provision in any
replacement or Refinanced ABL Credit Agreement), (iii) the consent by the ABL Lenders to a store closing sale, going out of business sale or other disposition by any Grantor of any of the ABL Priority Collateral, (iv) the reduction of advance
rates or sub-limits by the ABL Agent and the ABL Lenders, (v) the imposition of Reserves (as defined in the ABL Credit Agreement) by the ABL Agent, (vi) the acceleration of any ABL Claims or Term
Loan Claims or (vii) the establishment or modification of borrowing base and/or availability reserves or other reserves against collateral or eligibility criteria for Accounts or Inventory. 

“First Priority Agent” shall mean, with respect to (a) any ABL Priority Collateral, the
ABL Agent and (b) any Term Loan Priority Collateral, the Term Loan Agents. 
 “First Priority
Claims” shall mean, with respect to (a) any ABL Priority Collateral, the ABL Claims and (b) any Term Loan Priority Collateral, the Term Loan Claims. 

“First Priority Collateral” shall mean, with respect to (a) the Term Loan Agents and the
Term Loan Lenders, the ABL Priority Collateral and (b) the ABL Agent and the ABL Lenders, the Term Loan Priority Collateral. 

“First Priority Documents” shall mean, with respect to (a) any ABL Priority Collateral,
the ABL Loan Documents and (b) any Term Loan Priority Collateral, the Term Loan Documents. 

  
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 “First Priority Lenders” shall mean, with
respect to (a) any ABL Priority Collateral, the ABL Lenders and (b) any Term Loan Priority Collateral, the Term Loan Lenders. 

“Future Junior Lien Indebtedness” shall mean future Indebtedness that is to be secured on a
junior basis to both the ABL Claims and the Term Loan Claims and is so designated by the Company at the time of incurrence thereof as Future Junior Lien Indebtedness hereunder in accordance with Section 9.3; provided that such
Indebtedness and the Liens thereon are incurred in compliance with the ABL Credit Agreement and the Term Loan Credit Agreement, in each case as in effect on the date of such incurrence; provided, further, that (i) the holders of
such Future Junior Lien Indebtedness (or an agent or trustee on their behalf) shall enter into (or join, if such agreement is already in effect) a Junior Lien Intercreditor Agreement substantially in the form of Exhibit H to the Term Loan Credit
Agreement and the ABL Credit Agreement (the “Junior Lien Intercreditor Agreement”), acknowledging that such holders shall be bound by the terms thereof and (ii) the other requirements of Section 9.3 shall have been
complied with. 
 “Future Secured Term Indebtedness” shall mean secured Indebtedness or
Obligations (other than Term Loan Claims contemplated by clause (i) of the definition of “Term Loan Claims” and ABL Claims) of the Company and its Subsidiaries. 

“Future Term Indebtedness” shall mean Future Secured Term Indebtedness that is to be secured
on a pari passu basis with the Term Loan Claims and is so designated by the Company at the time of incurrence thereof as Future Term Indebtedness hereunder in accordance with Section 9.3; provided that (i) the holders of such
Future Term Indebtedness (or a Term Loan Agent on their behalf) shall enter into (x) an Intercreditor Agreement Joinder pursuant to Section 9.3 and (y) a Term Loan Pari Passu Intercreditor Agreement, in each case, acknowledging
that such holders shall be bound by the terms hereof and thereof applicable to Term Loan Lenders and (ii) the other requirements of Section 9.3 shall have been complied with. 

“Grantors” shall mean Holdings, Merger Sub, the Company, and each of Holdings’ other
subsidiaries that has executed and delivered an ABL Collateral Document and a Term Loan Collateral Document. 

“Holdings” shall have the meaning set forth in the preamble. 

“Indebtedness” shall mean and include all obligations that constitute
“Indebtedness” within the meaning of the ABL Credit Agreement or the Term Loan Credit Agreement. 

“Initial Term Loan Agent” shall have the meaning set forth in the definition of the term
“Term Loan Agents”. 
 “Initial Term Loan Credit Agreement” shall have the
meaning set forth in the recitals. 

  
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 “Insolvency or Liquidation Proceeding”
shall mean (a) any voluntary or involuntary case or proceeding under any Bankruptcy Law with respect to any Grantor, (b) any other voluntary or involuntary insolvency, reorganization or bankruptcy case or proceeding, or any receivership,
liquidation, reorganization or other similar case or proceeding with respect to any Grantor or with respect to any of its assets, (c) any liquidation, dissolution, reorganization or winding up of any Grantor whether voluntary or involuntary and
whether or not involving insolvency or bankruptcy or (d) any assignment for the benefit of creditors or any other marshalling of assets and liabilities of any Grantor. 

“Intellectual Property” shall have the meaning set forth in the ABL Collateral Agreement in
effect on the date hereof (whether or not such agreement is then in effect). 
 “Intercreditor
Agreement Joinder” shall mean, with respect to any Grantor, (a) an agreement substantially in the form of Exhibit A hereto, (b) supplements to the ABL Collateral Agreement and the Term Loan Collateral Agreement in
substantially the form set forth in Exhibit A to the ABL Collateral Agreement and the Term Loan Collateral Agreement (so long as each such supplement provides for the joinder of the applicable Grantors for purposes of this Agreement) or (c) any
other form of joinder as may be reasonably acceptable to the ABL Agent and each Term Loan Agent, in each of cases (a) through (c) above, executed by the respective Grantor and delivered by it to each Term Loan Agent and the ABL Agent. 

“Inventory” shall have the meaning set forth in the ABL Credit Agreement in effect on the
date hereof (whether or not such agreement is then in effect). 
 “Lenders” shall mean the
collective reference to the ABL Lenders and the Term Loan Lenders. 
 “Lien” shall mean,
with respect to any asset, (a) any mortgage, deed of trust, lien, hypothecation, pledge, charge, security interest or similar encumbrance in or on such asset and (b) the interest of a vendor or a lessor under any conditional sale
agreement, capital lease or title retention agreement (or any financing lease having substantially the same economic effect as any of the foregoing) relating to such asset. 

“Loan Document” shall have the meaning set forth in the Credit Agreements. 

“Merger” shall have the meaning set forth in the Credit Agreements. 

“Merger Sub” shall have the meaning set forth in the preamble. 

“New ABL Agent” shall have the meaning set forth in Section 9.3(d). 

“New Term Loan Agent” shall have the meaning set forth in Section 9.3(d). 

“New York Courts” shall have the meaning set forth in Section 9.7. 

  
 9 

 “Obligations” shall mean, with respect to
any Person, any payment, performance or other obligations of such Person of any kind, including any liability of such Person on any claim, whether or not the right of any creditor to payment in respect of such claim is reduced to judgment,
liquidated, unliquidated, fixed, contingent, matured, disputed, undisputed, legal, equitable, secured or unsecured, and whether or not such claim is discharged, stayed or otherwise affected by any Insolvency or Liquidation Proceeding. Without
limiting the generality of the foregoing, the Obligations of any Grantor under any ABL Loan Document or Term Loan Document include the obligations to pay principal, reimbursement obligations under letters of credit, interest (including interest
accrued on or accruing after the commencement of any Insolvency or Liquidation Proceeding to the extent that a claim for post-filing interest is allowed in such proceeding) or premium on any Indebtedness, letter of credit commissions (if
applicable), charges, expenses, fees, attorneys’ fees and disbursements, indemnities and other amounts payable by such Grantor to reimburse any amount in respect of any of the foregoing that any ABL Lender or Term Loan Lender, in its sole
discretion, many elect to pay or advance on behalf of such Grantor. 
 “Patent” shall have
the meaning set forth in the ABL Collateral Agreement in effect on the date hereof (whether or not such agreement is then in effect). 

“Payment Collateral” shall mean all Accounts, Instruments, Chattel Paper, Letter-of-Credit Rights, Deposit Accounts (other than the Asset Sales Proceeds Account), Securities Accounts, and Payment Intangibles, together with all Supporting Obligations
for ABL Priority Collateral, in each case composing a portion of the Common Collateral. 

“Person” shall mean an individual, partnership, corporation (including a business trust),
limited liability company, joint stock company, trust, unincorporated association, joint venture or other entity, or a government or any political subdivision or agency thereof. 

“Pledged Collateral” shall mean the Common Collateral in the possession or control of the ABL
Agent (or its agents or bailees) or the Term Loan Agents (or their respective agents or bailees), to the extent that possession or control thereof perfects a Lien thereon under the Uniform Commercial Code. 

“Refinance” shall mean, in respect of any Indebtedness, to refinance, extend, renew, retire,
defease, amend, modify, supplement, amend and restate, restructure, replace, refund or repay, or to issue other Indebtedness, in exchange or replacement for, such Indebtedness in whole or in part, and, in each case, whether or not with same or
different lenders, investors, arrangers, trustees or agents, as applicable. “Refinanced” and “Refinancing” shall have correlative meanings. 

“Required Lenders” shall mean, with respect to any Credit Agreement, those Lenders the
approval of which is required to approve an amendment or modification of, termination or waiver of any provision of or consent to any departure from such Credit Agreement (or would be required to effect such consent under this Agreement if such
consent were treated as an amendment of the Credit Agreement). 

  
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 “Second Priority Agent” shall mean, with
respect to (a) any ABL Priority Collateral, the Term Loan Agents and (b) any Term Loan Priority Collateral, the ABL Agent. 

“Second Priority Claims” shall mean, with respect to (a) any ABL Priority Collateral,
the Term Loan Claims and (b) any Term Loan Priority Collateral, the ABL Claims. 
 “Second
Priority Documents” shall mean, with respect to (a) any ABL Priority Collateral, the Term Loan Documents and (b) any Term Loan Priority Collateral, the ABL Loan Documents. 

“Second Priority Lenders” shall mean, with respect to (a) any ABL Priority Collateral,
the Term Loan Lenders and (b) any Term Loan Priority Collateral, the ABL Lenders. 
 “Specified
ABL Hedging Agreement” shall mean a “Specified Hedge Agreement” as such term is defined in the ABL Credit Agreement as in effect on the date hereof. 

“Specified Term Hedging Agreement” shall mean a “Specified Hedge Agreement” as such
term is defined in the Term Loan Credit Agreement as in effect on the date hereof. 

“Subsidiary” shall mean any “Subsidiary” of Holdings under (and as defined in) each
of the Credit Agreements. 
 “Term Declined Lien” shall have the meaning set forth in
Section 2.3 hereof. 
 “Term Lender Cash Management Obligations” shall mean
“Cash Management Obligations” as such term is defined in the Term Loan Credit Agreement as in effect on the date hereof. 

“Term Lender Hedging Obligations” shall mean obligations in respect of the Specified Term
Hedging Agreements. 
 “Term Loan Agents” shall mean, collectively, (i) Citibank,
N.A., in its capacity as administrative agent and collateral agent for the Term Loan Lenders under the Initial Term Loan Credit Agreement and the other Term Loan Documents entered into pursuant to the Initial Term Loan Credit Agreement, together
with its successors and permitted assigns under the Initial Term Loan Credit Agreement exercising substantially the same rights and powers (the “Initial Term Loan Agent”) and (ii) each collateral agent for any Future Term
Indebtedness. 
 “Term Loan Claims” shall mean (i) the principal amount of all
Indebtedness (other than Term Lender Cash Management Obligations and Term Lender Hedging Obligations) incurred under the Term Loan Credit Agreement together with any interest, 

  
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 fees, attorneys fees, costs, expenses and indemnities payable on account of
such principal amount or otherwise in respect of, or arising under, the Term Loan Credit Agreement or the Term Loan Documents related thereto or any of them, including all fees and expenses of the applicable Term Loan Agent thereunder, (ii) the
principal amount of all Future Term Indebtedness (other than Term Lender Cash Management Obligations and Term Lender Hedging Obligations), plus any interest, fees, attorneys fees, costs, expenses and indemnities payable on account of such principal
amount or otherwise in respect of, or arising under, the Term Loan Documents related to such Future Term Indebtedness, including all fees and expenses of the collateral agent for any Future Term Indebtedness, and (iii) Term Lender Cash
Management Obligations and Term Lender Hedging Obligations (calculated, in the case of Term Lender Hedging Obligations at any given date, as the maximum aggregate amount then due and owing, giving effect to any netting agreements, that would be
required to be paid if all Specified Term Hedging Agreements underlying such Term Lender Hedging Obligations were terminated as of such date), plus, in each case, all interest and expenses accrued or accruing (or that would, absent the commencement
of an Insolvency or Liquidation Proceeding, accrue) after the commencement of an Insolvency or Liquidation Proceeding in accordance with and at the rate specified in the relevant Term Loan Document to the extent that the claim for such interest or
expense is allowed or allowable as a claim in such Insolvency or Liquidation Proceeding. 
 “Term
Loan Collateral” shall mean all of the assets of any Grantor, whether real, personal or mixed, upon which a Lien is granted or purported to be granted to the Term Loan Agents under any of the Term Loan Collateral Documents. 

“Term Loan Collateral Agreement” shall mean the Term Loan Guarantee and Collateral Agreement
dated as of the date hereof, among Holdings, Merger Sub, the Company, the other Grantors, and Citibank, N.A., as administrative agent and collateral agent for the secured parties referred to therein, as amended, restated, modified or replaced from
time to time. 
 “Term Loan Collateral Documents” shall mean the Term Loan Collateral
Agreement and any security agreement, mortgage or other agreement, document or instrument pursuant to which a Lien is now or hereafter granted securing any Term Loan Claims or under which rights or remedies with respect to such Liens are at any time
governed. 
 “Term Loan Credit Agreement” shall have the meaning set forth in the recitals.

 “Term Loan DIP Financing Lien” shall have the meaning set forth in Section
6.1(b). 
 “Term Loan Documents” shall mean (i) the Term Loan Credit Agreement,
the Term Loan Collateral Documents and each of the other agreements, documents and instruments providing for, evidencing or securing any Obligation under the Term Loan Credit Agreement, (ii) each agreement, document or instrument providing for
or evidencing a Term Lender Hedging Obligation or Term Lender Cash Management 

  
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 Obligation, (iii) any other document or instrument evidencing or
governing any Future Term Indebtedness, (iv) the Term Loan Pari Passu Intercreditor Agreement, and (v) any other related document or instrument executed or delivered pursuant to any document in subclause (i), (ii), (iii) or (iv) at
any time or otherwise evidencing or securing any Obligation arising under any such Term Loan Document. 

“Term Loan Lenders” shall mean the Persons holding Term Loan Claims, including the Term Loan
Agents. 
 “Term Loan Pari Passu Intercreditor Agreement” shall mean an agreement between
the Term Loan Agent and each other Term Loan Agent for Future Term Indebtedness. 
 “Term Loan
Parties” shall mean the “Loan Parties” or similar term as defined in the Term Loan Credit Agreement. 

“Term Loan Priority Collateral” shall mean all Common Collateral other than ABL Priority
Collateral (and specifically including the Asset Sale Proceed Account), and all collateral security and guarantees with respect to any Term Loan Priority Collateral and all cash, Money, Instruments, Securities, Financial Assets and Deposit Accounts
directly received as proceeds of any Term Loan Priority Collateral (“Term Loan Priority Proceeds”); provided, however, that no proceeds of Term Loan Priority Proceeds will constitute Term Loan Priority Collateral
unless such proceeds of Term Loan Priority Proceeds would otherwise constitute Term Loan Priority Collateral. 
 For the avoidance of doubt,
except as provided in Section 2.3, under no circumstances shall any assets excluded from the Term Loan Priority Collateral pursuant to any Term Loan Document constitute Term Loan Priority Collateral. 

“Term Loan Priority Proceeds” shall have the meaning set forth in the definition of
“Term Loan Priority Collateral”. 
 “Term Loan Recovery” shall have the meaning
set forth in Section 6.5. 
 “Term Loan Standstill Period” shall have the
meaning set forth in Section 3.1(a). 
 “Trademark” shall have the meaning set forth
in the Term Loan Collateral Agreement and the ABL Collateral Agreement, each as in effect on the date hereof. 

“Uniform Commercial Code” or “UCC” shall mean the Uniform Commercial Code as from
time to time in effect in the State of New York. 
 1.2.     Terms Generally. The definitions of
terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include,”
“includes” and “including” shall be deemed to be followed by the phrase “without 

  
 13 

 limitation”. The word “will” shall be construed to have the same meaning and
effect as the word “shall”. Unless the context requires otherwise (a) any definition of or reference to any agreement, instrument or other document herein shall be construed as referring to such agreement, instrument or other document
as from time to time amended, renewed, restated, extended, supplemented, or otherwise modified from time to time, (b) any reference herein to any Person shall be construed to include such Person’s successors and assigns, (c) the words
“herein,” “hereof and “hereunder,” and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof, (d) all references herein to Sections shall be
construed to refer to Sections of this Agreement, (e) the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties,
including cash, securities, accounts and contract rights and (f) the term “or” is not exclusive. All capitalized terms not defined herein or by reference to another agreement shall have the meaning assigned to such term in the UCC.
The term “Instrument” shall have the meaning specified in Article 9 of the UCC. 

Section 2.      Lien Priorities. 

2.1.      Subordination of Liens. Notwithstanding (i) the date, time, method,
manner or order of filing or recordation of any document or instrument or grant, attachment or perfection (including any defect or deficiency or alleged defect or deficiency in any of the foregoing) of any Liens granted to the ABL Agent or the ABL
Lenders on the Common Collateral, of any Liens granted to the Term Loan Agents or the Term Loan Lenders on the Common Collateral, (ii) any provision of the UCC, the Bankruptcy Code, or any applicable law or the ABL Loan Documents or the Term
Loan Documents, (iii) whether the ABL Agent or a Term Loan Agent, either directly or through agents, holds possession of, or has control over, all or any part of the Common Collateral, (iv) the fact that any such Liens may be subordinated,
voided, avoided, invalidated or lapsed or (v) any other circumstance of any kind or nature whatsoever, whether or not any Insolvency or Liquidation Proceeding has been commenced by or against the Company or any other Grantor, the ABL Agent, on
behalf of itself and each ABL Lender, and each Term Loan Agent, on behalf of itself and each applicable Term Loan Lender, hereby agrees that: 

(a)      any Lien on the ABL Priority Collateral securing any ABL Claims now or hereafter held
by or on behalf of the ABL Agent or any ABL Lenders or any agent or trustee therefor regardless of how acquired, whether by grant, statute, operation of law, subrogation or otherwise, shall have priority over and be senior in all respects and prior
to any Lien on the ABL Priority Collateral securing any Term Loan Claims, 
 (b)      any
Lien on the ABL Priority Collateral securing any Term Loan Claims now or hereafter held by or on behalf of a Term Loan Agent, any Term Loan Lenders or any agent or trustee therefor regardless of how acquired, whether by grant, statute, operation of
law, subrogation or otherwise, shall be junior and subordinate in all respects to all Liens on the ABL Priority Collateral securing any ABL Claims, 

(c)      any Lien on the Term Loan Priority Collateral securing any Term Loan Claims now or
hereafter held by or on behalf of a Term Loan Agent, any Term Loan Lenders or any agent or trustee therefor regardless of how acquired, whether by grant, statute, operation of 

  
 14 

 law, subrogation or otherwise, shall have priority over and be senior in all respects and
prior to any Lien on the Term Loan Priority Collateral securing any ABL Claims, and 

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

2.2.      Prohibition on Contesting Liens. The ABL Agent, for itself and on behalf of
each applicable ABL Lender represented by it, and each Term Loan Agent, for itself and on behalf of each applicable Term Loan Lender represented by it, agrees that it shall not (and hereby waives any right to) take any action to challenge, contest
or support any other Person in contesting or challenging, directly or indirectly, in any proceeding (including any Insolvency or Liquidation Proceeding), the validity, perfection, priority or enforceability of (a) a Lien securing any ABL Claims
held (or purported to be held) by or on behalf of the ABL Agent or any of the ABL Lenders or any agent or trustee therefor in any Common Collateral or (b) a Lien securing any Term Loan Claims held (or purported to be held) by or on behalf of
any Term Loan Agent or any of the Term Loan Lenders in any Common Collateral, as the case may be; provided, however, that nothing in this Agreement shall be construed (x) to prevent or impair the rights of the ABL Agent or any ABL
Lender to enforce this Agreement (including the priority of the Liens securing the ABL Claims as provided in Section 2.1 with respect to any ABL Priority Collateral) or any of the ABL Loan Documents or (y) to prevent or impair the
rights of a Term Loan Agent or any Term Loan Lender to enforce this Agreement (including the priority of the Liens securing the Term Loan Claims as provided in Section 2.1 with respect to any Term Loan Priority Collateral) or any of the
Term Loan Documents. 
 2.3.      No New Liens. 

(a)      So long as the Discharge of ABL Claims has not occurred, each Term Loan Agent agrees,
for itself and on behalf of each applicable Term Loan Lender represented by it, whether or not any Insolvency or Liquidation Proceeding has been commenced by or against the Company or any other Grantor, that it shall not acquire or hold any Lien on
any assets of the Company or any other Grantor securing any Term Loan Claims that, to the extent permissible under applicable law, are not also subject to the Lien in respect of the ABL Claims under the ABL Loan Documents; provided that this
provision will not be violated with respect to any ABL Obligations if the ABL Agent is given a reasonable opportunity to accept a Lien on any asset or 

  
 15 

 property and the ABL Agent states in writing that the ABL Documents in respect thereof
prohibit the ABL Agent from accepting a Lien on such asset or property or the ABL Agent otherwise expressly declines to accept a Lien on such asset or property (any such prohibited or declined Lien, an “ABL Declined Lien”). If a
Term Loan Agent or any Term Loan Lender shall nonetheless acquire or hold any Lien on any collateral of a Grantor that is not also subject to the Lien in respect of the ABL Claims under the ABL Loan Documents (other than an ABL Declined Lien), then
the applicable Term Loan Agent shall, to the extent permissible under applicable law, without the need for any further consent of any party and notwithstanding anything to the contrary in any other document, be deemed to also hold and have held such
Lien for the benefit of the ABL Agent as security for the ABL Claims (subject to the Lien priority and other terms hereof) and shall promptly notify the ABL Agent in writing of the existence of such Lien and in any event take such actions as may be
requested by the ABL Agent to assign or release such Liens to the ABL Agent (and/or its designee) as security for the ABL Claims. 

(b)      So long as the Discharge of Term Loan Claims has not occurred, the ABL Agent agrees,
for itself and on behalf of each applicable ABL Lender represented by it, whether or not any Insolvency or Liquidation Proceeding has been commenced by or against the Company or any other Grantor, that it shall not acquire or hold any Lien on any
assets of the Company or any other Grantor securing any ABL Claims that, to the extent permissible under applicable law, are not also subject to the Liens in respect of the Term Loan Claims under the Term Loan Documents; provided that this
provision will not be violated with respect to any Term Loan Obligations if the applicable Term Loan Agent is given a reasonable opportunity to accept a Lien on any asset or property and such Term Loan Agent states in writing that the Term Loan
Documents in respect thereof prohibit such Term Loan Agent from accepting a Lien on such asset or property or such Term Loan Agent otherwise expressly declines to accept a Lien on such asset or property (any such prohibited or declined Lien, a
“Term Declined Lien”). If the ABL Agent or any ABL Lender shall nonetheless acquire or hold any Lien on any collateral of a Grantor that is not also subject to the Liens in respect of the Term Loan Claims under the Term Loan
Documents (other than a Term Declined Lien), then the ABL Agent shall, to the extent permissible under applicable law, without the need for any further consent of any party and notwithstanding anything to the contrary in any other document, be
deemed to also hold and have held such Lien for the benefit of the Term Loan Agents as security for the Term Loan Claims (subject to the Lien priority and other terms hereof) and shall promptly notify each Term Loan Agent in writing of the existence
of such Lien and in any event take such actions as may be requested by the Term Loan Agents to assign or release such Liens to the applicable Term Loan Agent (and/or its designees) as security for the applicable Term Loan Claims. 

Notwithstanding anything in this Agreement to the contrary, cash and cash equivalents may be pledged to secure ABL Claims consisting of
reimbursement obligations in respect of letters of credit without granting a Lien thereon to secure any other ABL Claims or any other Term Loan Claims. 

To the extent that the foregoing provisions are not complied with for any reason, without limiting any other rights and remedies available to
(i) the ABL Agent and/or the ABL Lenders or (ii) the Term Loan Agents and/or the Term Loan Lenders, each party to this Agreement agrees that any 

  
 16 

 amounts received by or distributed to any of them pursuant to or as a result of Liens
granted in contravention of this Section 2.3 shall be subject to Section 4. 

2.4.      Perfection of Liens. Except for the arrangements contemplated by
Section 5.5, with respect to any portion of the Common Collateral, neither the First Priority Agent nor the First Priority Lenders shall be responsible for perfecting and maintaining the perfection of Liens with respect to such Common
Collateral for the benefit of the Second Priority Agent and the Second Priority Lenders. The provisions of this Agreement are intended solely to govern the respective Lien priorities as between the ABL Lenders and the Term Loan Lenders and shall not
impose on the ABL Agent, the Term Loan Agents, the ABL Lenders or the Term Loan Lenders or any agent or trustee therefor any obligations in respect of the disposition of proceeds of any Common Collateral which would conflict with prior perfected
claims therein in favor of any other Person or any order or decree of any court or governmental authority or any applicable law. 

2.5.      Waiver of Marshalling. 

(a)      Until the Discharge of ABL Claims, each Term Loan Agent, on behalf of itself and the
applicable Term Loan Lenders, agrees not to assert and hereby waives, to the fullest extent permitted by law, any right to demand, request, plead or otherwise assert or otherwise claim the benefit of, any marshalling, appraisal, valuation or other
similar right that may otherwise be available under applicable law with respect to the ABL Priority Collateral or any other similar rights a junior secured creditor may have under applicable law with respect to the ABL Priority Collateral. 

(b)      Until the Discharge of Term Loan Claims, the ABL Agent, on behalf of itself and the
ABL Lenders, agrees not to assert and hereby waives, to the fullest extent permitted by law, any right to demand, request, plead or otherwise assert or otherwise claim the benefit of, any marshalling, appraisal, valuation or other similar right that
may otherwise be available under applicable law with respect to the Term Loan Priority Collateral or any other similar rights a junior secured creditor may have under applicable law with respect to the Term Loan Priority Collateral. 

Section 3.      Enforcement. 

3.1.      Exercise of Remedies. 

(a)      So long as the Discharge of ABL Claims has not occurred, whether or not any Insolvency
or Liquidation Proceeding has been commenced by or against the Company or any other Grantor, subject to Section 5.6, (i) no Term Loan Agent or Term Loan Lender will (x) Exercise Any Secured Creditor Remedies or seek to Exercise Any
Secured Creditor Remedies (including setoff or recoupment) with respect to any ABL Priority Collateral, or exercise any right under any lockbox agreement, control agreement, landlord waiver or bailee’s letter or similar agreement or
arrangement, or institute any action or proceeding with respect to such rights or remedies (including any action of foreclosure), (y) contest, protest or object to any foreclosure proceeding or action brought with respect to the ABL Priority
Collateral by the ABL Agent or any ABL Lender in respect of the ABL Claims, the exercise of any right by the ABL Agent or any ABL Lender (or any agent or sub-agent on their behalf) in respect of the ABL 

  
 17 

 Claims under any lockbox agreement, control agreement, landlord waiver or bailee’s
letter or similar agreement or arrangement to which a Term Loan Agent or any Term Loan Lender either is a party or may have rights as a third party beneficiary, or any other exercise by any such party, of any rights and remedies relating to the ABL
Priority Collateral under the ABL Loan Documents or otherwise in respect of ABL Claims, so long as any proceeds received by the ABL Agent in excess of those necessary to achieve a Discharge of ABL Claims are distributed in accordance with
Section 4.2 and applicable law or (z) object to the forbearance by the ABL Lenders from bringing or pursuing any foreclosure proceeding or action or any other Exercise of Any Secured Creditor Remedies relating to the ABL Priority
Collateral in respect of ABL Claims and (ii) except as otherwise provided herein, the ABL Agent and the ABL Lenders shall have the exclusive right to enforce rights, exercise remedies (including setoff and, subject to clause (C) of the
proviso in Section 3.1(b), the right to credit bid their debt) and make determinations regarding the release, disposition or restrictions with respect to the ABL Priority Collateral without any consultation with or the consent of any
Term Loan Agent or any Term Loan Lender; provided, however, that in the case of the foregoing clauses (i) and (ii), (A) in any Insolvency or Liquidation Proceeding commenced by or against the Company or any other Grantor, a Term
Loan Agent may file a proof of claim or statement of interest with respect to the applicable Term Loan Claims and may file any necessary responsive or defensive pleadings in opposition to any motion, claim, adversary proceeding or other pleading
made by any person objecting to or otherwise seeking the disallowance of the claims of the Term Loan Lenders, including any claims secured by the ABL Priority Collateral, in accordance with the terms of this Agreement, (B) a Term Loan Agent may
take any action (not adverse to the prior Liens on the ABL Priority Collateral securing the ABL Claims, or the rights of the ABL Agent or the ABL Lenders to exercise remedies in respect thereof) in order to create, prove, perfect, preserve or
protect (but not enforce) its rights in, and perfection and priority of its Lien on, the ABL Priority Collateral and (C) a Term Loan Agent or any Term Loan Lender may bid for or purchase ABL Priority Collateral at any public, private or
judicial foreclosure on such Collateral initiated by the ABL Agent or any sale of ABL Priority Collateral during an Insolvency or Liquidation proceeding (provided that such bid may not include a “credit bid” in respect of any Term Loan
Claims unless the cash proceeds of such bid are otherwise sufficient to cause the Discharge of ABL Claims); provided, further, that a Term Loan Agent or any Term Loan Lender may exercise any or all of such rights, powers, or remedies
after a period of at least 180 days has elapsed since the later of: (i) the date on which a Term Loan Agent declared the existence of an “Event of Default” under the applicable Term Loan Documents, accelerated (to the extent such
amount was not already due and owing) the payment of the principal amount of all Term Loan Obligations, and demanded payment thereof and (ii) the date on which the ABL Agent has received notice thereof from such Term Loan Agent (such notice, a
“Term Loan Enforcement Notice”); provided, further, however, that neither any Term Loan Agent nor any other Term Loan Lender shall exercise any rights or remedies with respect to the ABL Priority Collateral if,
notwithstanding the expiration of such 180-day period, the ABL Agent or the other ABL Lenders (A) shall have commenced, whether before or after the expiration of such
180-day period, and be diligently pursuing the exercise of their rights, powers, or remedies with respect to all or any material portion of the ABL Priority Collateral (prompt written notice of such exercise
to be given to the Term Loan Agents), or (B) shall have been stayed by operation of law or any court order from pursuing any such exercise of remedies (the period during which the Term Loan Agents and the Term Loan Lenders may not pursuant to
this Section 3.1(a) exercise any rights, 

  
 18 

 powers, or remedies with respect to the ABL Priority Collateral, the “Term Loan
Standstill Period”). In exercising rights and remedies with respect to the ABL Priority Collateral, the ABL Agent and the ABL Lenders may enforce the provisions of the ABL Loan Documents and exercise remedies thereunder, all in such order
and in such manner as they may determine in the exercise of their sole discretion. Such exercise and enforcement shall include the rights of an agent appointed by them to sell or otherwise dispose of ABL Priority Collateral or other collateral upon
foreclosure, to incur expenses in connection with such sale or disposition, and to exercise all the rights and remedies of a secured lender under the uniform commercial code of any applicable jurisdiction and of a secured creditor under Bankruptcy
Laws of any applicable jurisdiction. 
 (b)      So long as the Discharge of Term Loan Claims
has not occurred, whether or not any Insolvency or Liquidation Proceeding has been commenced by or against the Company or any other Grantor, subject to and without limiting the rights of the ABL Agent under Section 5.6, (i) neither the
ABL Agent nor any ABL Lender will (x) Exercise Any Secured Creditor Remedies or seek to Exercise Any Secured Creditor Remedies (including setoff or recoupment) with respect to any Term Loan Priority Collateral, or exercise any right under any
lockbox agreement, control agreement, landlord waiver or bailee’s letter or similar agreement or arrangement, or institute any action or proceeding with respect to such rights or remedies (including any action of foreclosure), (y) contest,
protest or object to any foreclosure proceeding or action brought with respect to the Term Loan Priority Collateral by a Term Loan Agent or any Term Loan Lender in respect of the Term Loan Claims, the exercise of any right by a Term Loan Agent or
any Term Loan Lender (or any agent or sub-agent on their behalf) in respect of the Term Loan Claims, under any lockbox agreement, control agreement, landlord waiver or bailee’s letter or similar agreement
or arrangement to which the ABL Agent or any ABL Lender either is a party or may have rights as a third party beneficiary, or any other exercise by any such party, of any rights and remedies relating to the Term Loan Priority Collateral under the
Term Loan Documents or otherwise in respect of Term Loan Claims, so long as any proceeds received by such Term Loan Agent in excess of those necessary to achieve a Discharge of Term Loan Claims are distributed in accordance with
Section 4.3 and applicable law or (z) object to the forbearance by the Term Loan Lenders from bringing or pursuing any foreclosure proceeding or action or any other Exercise of Any Secured Creditor Remedies relating to the Term Loan
Priority Collateral in respect of Term Loan Claims and (ii) except as otherwise provided herein, the Term Loan Agents and the Term Loan Lenders shall have the exclusive right to enforce rights, exercise remedies (including setoff and, subject
to clause (C) of the proviso in Section 3.1(a), the right to credit bid their debt) and make determinations regarding the release, disposition or restrictions with respect to the Term Loan Priority Collateral without any
consultation with or the consent of the ABL Agent or any ABL Lender; provided, however, that (A) in any Insolvency or Liquidation Proceeding commenced by or against the Company or any other Grantor, the ABL Agent may file a proof
of claim or statement of interest with respect to the applicable ABL Claims and may file any necessary responsive or defensive pleadings in opposition to any motion, claim, adversary proceeding or other pleading made by any person objecting to or
otherwise seeking the disallowance of the claims of the ABL Lenders, including any claims secured by the Term Loan Priority Collateral, in accordance with the terms of this Agreement, (B) the ABL Agent may take any action (not adverse to the
prior Liens on the Term Loan Priority Collateral securing the Term Loan Claims, or the rights of the Term Loan Agents or the 

  
 19 

 Term Loan Lenders to exercise remedies in respect thereof) in order to create, prove,
perfect, preserve or protect (but not enforce) its rights in, and perfection and priority of its Lien on, the Term Loan Priority Collateral and (C) the ABL Agent or any ABL Lender may bid for or purchase Term Loan Priority Collateral at any
public, private or judicial foreclosure on such Collateral initiated by any Term Loan Agent or any sale of Term Loan Priority Collateral during an Insolvency or Liquidation proceeding (provided that such bid may not include a “credit bid”
in respect of any ABL Claims unless the cash proceeds of such bid are otherwise sufficient to cause the Discharge of Term Loan Claims); provided, further, that the ABL Agent or any ABL Lender may exercise any or all of such rights,
powers, or remedies after a period of at least 180 days has elapsed since the later of: (i) the date on which the ABL Agent declared the existence of an “Event of Default” under the applicable ABL Loan Documents, accelerated (to the
extent such amount was not already due and owing) the payment of the principal amount of all ABL Claims under the ABL Credit Agreement, and demanded payment thereof and (ii) the date on which each of the Term Loan Agents have received notice
thereof from the ABL Agent (such notice, an “ABL Enforcement Notice”); provided, further, however, that neither the ABL Agent nor any other ABL Lender shall exercise any rights or remedies with respect to the
Term Loan Priority Collateral if, notwithstanding the expiration of such 180-day period, the Term Loan Agents or the other Term Loan Lenders (A) shall have commenced, whether before or after the
expiration of such 180-day period, and be diligently pursuing the exercise of their rights, powers, or remedies with respect to all or any material portion of the Term Loan Priority Collateral (prompt written
notice of such exercise to be given to the ABL Agent), or (B) shall have been stayed by operation of law or any court order from pursuing any such exercise of remedies (the period during which the ABL Agent and the ABL Lenders may not pursuant
to this Section 3.1(b) exercise any rights, powers, or remedies with respect to the Term Loan Priority Collateral, the “ABL Standstill Period”). In exercising rights and remedies with respect to the Term Loan Priority
Collateral, the Term Loan Agents and the Term Loan Lenders may enforce the provisions of the Term Loan Documents and exercise remedies thereunder, all in such order and in such manner as they may determine in the exercise of their sole discretion
consistent with the terms of the Term Loan Documents. Such exercise and enforcement shall include the rights of an agent appointed by them to sell or otherwise dispose of Term Loan Priority Collateral or other collateral upon foreclosure, to incur
expenses in connection with such sale or disposition, and to exercise all the rights and remedies of a secured lender under the uniform commercial code of any applicable jurisdiction and of a secured creditor under Bankruptcy Laws of any applicable
jurisdiction. 
 (c)      So long as the Discharge of ABL Claims has not occurred, each Term
Loan Agent, on behalf of itself and each applicable Term Loan Lender, agrees that it will not take or receive any ABL Priority Collateral or any proceeds of ABL Priority Collateral in connection with the exercise of any right or remedy (including
setoff or recoupment) with respect to any ABL Priority Collateral. Without limiting the generality of the foregoing, unless and until the Discharge of ABL Claims has occurred, except as expressly provided in the provisos in each of
Section 3.1(a) and Section 6.3(c)(i)(1), the sole right of each Term Loan Agent and the Term Loan Lenders with respect to the ABL Priority Collateral is to hold a Lien on the ABL Priority Collateral pursuant to the Term Loan
Documents for the period and to the extent granted therein and to receive a share of the proceeds thereof, if any, after the Discharge of ABL Claims has occurred. So long as the Discharge of Term Loan Claims has not occurred,

  
 20 

 the ABL Agent, on behalf of itself and each applicable ABL Lender, agrees that it will not
take or receive any Term Loan Priority Collateral or any proceeds of Term Loan Priority Collateral in connection with the exercise of any right or remedy (including setoff or recoupment) with respect to any Term Loan Priority Collateral. Without
limiting the generality of the foregoing, unless and until the Discharge of Term Loan Claims has occurred, except as expressly provided in the provisos in each of Section 3.1(b) and Section 6.3(c)(ii)(1), the sole right of
the ABL Agent and the ABL Lenders with respect to the Term Loan Priority Collateral is to hold a Lien on the Term Loan Priority Collateral pursuant to the ABL Loan Documents for the period and to the extent granted therein and to receive a share of
the proceeds thereof, if any, after the Discharge of Term Loan Claims has occurred. 

(d)      Subject to the provisos in each of Section 3.1(a) and
Section 5.6, each Term Loan Agent, for itself and on behalf of each applicable Term Loan Lender, (i) agrees that the Term Loan Agents and the Term Loan Lenders will not take any action that would hinder any Exercise of Any Secured
Creditor Remedies undertaken by the ABL Agent or the ABL Lenders with respect to the ABL Priority Collateral under the ABL Loan Documents, including any sale, lease, exchange, transfer or other disposition of the ABL Priority Collateral, whether by
foreclosure or otherwise, and (ii) hereby waives any and all rights it or any such Term Loan Lender may have as a junior lien creditor or otherwise to object to the manner in which the ABL Agent or the ABL Lenders seek to enforce or collect the
ABL Claims with respect to the ABL Priority Collateral or the Liens granted in any of the ABL Priority Collateral, regardless of whether any action or failure to act by or on behalf of the ABL Agent or ABL Lenders is adverse to the interests of the
Term Loan Lenders. Subject to the provisos in each of Section 3.1(b) and Section 5.6, the ABL Agent, for itself and on behalf of each applicable ABL Lender, (i) agrees that the ABL Agent and the ABL Lenders will not take
any action that would hinder any Exercise of Any Secured Creditor Remedies undertaken by any Term Loan Agent or the Term Loan Lenders with respect to the Term Loan Priority Collateral under the Term Loan Documents, including any sale, lease,
exchange, transfer or other disposition of the Term Loan Priority Collateral, whether by foreclosure or otherwise, and (ii) hereby waives any and all rights it or any ABL Lender may have as a junior lien creditor or otherwise to object to the
manner in which the Term Loan Agents or the Term Loan Lenders seek to enforce or collect the Term Loan Claims with respect to the Term Loan Priority Collateral or the Liens granted in any of the Term Loan Priority Collateral, regardless of whether
any action or failure to act by or on behalf of the Term Loan Agents or Term Loan Lenders is adverse to the interests of the ABL Lenders. 

(e)      Each Term Loan Agent hereby acknowledges and agrees that no covenant, agreement or
restriction contained in any applicable Term Loan Document shall be deemed to restrict in any way the rights and remedies of the ABL Agent or the ABL Lenders with respect to the ABL Priority Collateral as set forth in this Agreement and the ABL Loan
Documents. The ABL Agent hereby acknowledges and agrees that no covenant, agreement or restriction contained in any applicable ABL Loan Document shall be deemed to restrict in any way the rights and remedies of the Term Loan Agents or the Term Loan
Lenders with respect to the Term Loan Priority Collateral as set forth in this Agreement and the Term Loan Documents. 

(f)      Each Term Loan Agent, on behalf of the Term Loan Lenders represented by it, agrees not
to Exercise Any Secured Creditor Remedies until a Term Loan Enforcement 

  
 21 

 Notice has been given to the ABL Agent. The ABL Agent, on behalf of the ABL Lenders
represented by it, agrees not to Exercise Any Secured Creditor Remedies until an ABL Enforcement Notice has been given to the Designated Term Loan Agent. 

3.2.      Cooperation. 

(a)      Subject to the provisos in Section 3.1(a), each Term Loan Agent, on behalf
of itself and each applicable Term Loan Lender, agrees that, unless and until the Discharge of ABL Claims has occurred, it will not commence, or join with any Person (other than the ABL Lenders or the ABL Agent upon the request thereof) in
commencing, any enforcement, collection, execution, levy or foreclosure action or proceeding with respect to any Lien held by it in the ABL Priority Collateral under any of the applicable Term Loan Documents or otherwise in respect of the applicable
Term Loan Claims relating to the ABL Priority Collateral. 
 (b)      Subject to the provisos
in Section 3.1(b), the ABL Agent, on behalf of itself and each ABL Lender, agrees that, unless and until the Discharge of Term Loan Claims has occurred, it will not commence, or join with any Person (other than the Term Loan Lenders or
the Term Loan Agents upon the request thereof) in commencing, any enforcement, collection, execution, levy or foreclosure action or proceeding with respect to any Lien held by it in the Term Loan Priority Collateral under any of the applicable ABL
Loan Documents or otherwise in respect of the applicable ABL Claims relating to the Term Loan Priority Collateral. 

3.3.      Actions Upon Breach. 

(a)      If any Term Loan Lender, in contravention of the terms of this Agreement, in any way
takes or attempts or threatens to take any action with respect to the ABL Priority Collateral (including any attempt to realize upon or enforce any remedy with respect to this Agreement except as provided in the provisos to
Section 3.1(a)), this Agreement shall create an irrebuttable presumption and admission by such Term Loan Lender that relief against such Term Loan Lender by injunction, specific performance and/or other appropriate equitable relief is
necessary to prevent irreparable harm to the ABL Lenders, it being understood and agreed by each Term Loan Agent on behalf of each applicable Term Loan Lender that (i) the ABL Lenders’ damages from its actions may at that time be difficult
to ascertain and may be irreparable, and (ii) each Term Loan Lender waives any defense that the Grantors and/or the ABL Lenders cannot demonstrate damage and/or be made whole by the awarding of damages. 

(b)      If any ABL Lender, in contravention of the terms of this Agreement, in any way takes
or attempts or threatens to take any action with respect to the Term Loan Priority Collateral (including any attempt to realize upon or enforce any remedy with respect to this Agreement except as provided in the provisos to
Section 3.1(b)), this Agreement shall create an irrebuttable presumption and admission by such ABL Lender that relief against such ABL Lender by injunction, specific performance and/or other appropriate equitable relief is necessary to
prevent irreparable harm to the Term Loan Lenders, it being understood and agreed by the ABL Agent on behalf of each applicable ABL Lender that (i) the Term Loan Lenders’ damages from its actions may at that time be difficult to ascertain
and may be irreparable, and (ii) each 

  
 22 

 ABL Lender waives any defense that the Grantors, the Term Loan Lenders cannot demonstrate
damage and/or be made whole by the awarding of damages. 
 Section 4.      Payments. 

4.1.      Revolving Nature of ABL Claims. Each Term Loan Agent, for and on behalf of
itself and each applicable Term Loan Lender, expressly acknowledges and agrees that (i) as of the date hereof, the ABL Credit Agreement includes a revolving commitment, that in the ordinary course of business the ABL Agent under the ABL Credit
Agreement and the ABL Lenders will apply payments and make advances thereunder, and that no application of any Payment Collateral or Cash Collateral or the release of any Lien by the ABL Agent upon any portion of the Common Collateral in connection
with a permitted disposition under the ABL Credit Agreement shall constitute the exercise of remedies prohibited under this Agreement; (ii) subject to the limitations set forth herein, the amount of the ABL Claims that may be outstanding at any
time or from time to time may be increased or reduced and subsequently reborrowed, and that the terms of the ABL Claims may be modified, extended or amended from time to time, and that the aggregate amount of the ABL Claims may be increased and,
subject to Section 9.3, replaced or Refinanced, in each event, without notice to or consent by the Term Loan Lenders and without affecting the provisions hereof; and (iii) all Payment Collateral or Cash Collateral received by the
ABL Agent may be applied, reversed, reapplied, credited, or reborrowed, in whole or in part, to the ABL Claims at any time; provided, however, that from and after the date on which the ABL Agent (or any ABL Lender) commences the
Exercise of Any Secured Creditor Remedies with respect to any of the Common Collateral, all amounts received by the ABL Agent or any ABL Lender in respect of any ABL Claims shall be applied as specified in this Section 4. The Lien
priority set forth in this Agreement shall not be altered or otherwise affected by any such amendment, modification, supplement, extension, repayment, reborrowing, increase, replacement, renewal, restatement or Refinancing of the ABL Claims, the
Term Loan Claims, or any portion thereof, in each case, in accordance with Section 9.3 (to the extent applicable). 

4.2.      Application of Proceeds of ABL Priority Collateral. The ABL Agent, on behalf
of itself and each ABL Lender, and each Term Loan Agent, on behalf of itself and each applicable Term Loan Lender, hereby agrees that the ABL Priority Collateral or proceeds thereof received in connection with the sale or other disposition of, or
collection on, such ABL Priority Collateral upon the Exercise of Any Secured Creditor Remedies: 
 first, shall be
applied to the payment of the ABL Claims in accordance with the ABL Loan Documents until a Discharge of ABL Claims has occurred, 

second, shall be delivered to the Designated Term Loan Agent for application to the payment of the Term Loan Claims in
accordance with the Term Loan Documents until a Discharge of Term Loan Claims has occurred, 
 third, if the Junior
Lien Intercreditor Agreement is then in effect, shall be delivered to the Designated Junior Lien Representative (as defined in the Junior Lien Intercreditor Agreement) for application to the payment of Future Junior Lien Indebtedness in

  
 23 

 accordance with the Junior Lien Intercreditor Agreement until a Discharge of Junior Lien
Obligations (as defined in the Junior Lien Intercreditor Agreement) has occurred, and 
 fourth, the balance, if
any, shall be delivered to the Grantors or to whosoever may be lawfully entitled to receive the same or as a court of competent jurisdiction may direct. 

4.3.      Application of Proceeds of Term Loan Priority Collateral. The ABL Agent, on
behalf of itself and each applicable ABL Lender, and each Term Loan Agent, on behalf of itself and each applicable Term Loan Lender, hereby agrees that the Term Loan Priority Collateral or proceeds thereof received in connection with the sale or
other disposition of, or collection on, such Term Loan Priority Collateral upon the Exercise of Any Secured Creditor Remedies: 

first, shall be applied to the payment of the Term Loan Claims in accordance with the Term Loan Documents until a
Discharge of Term Loan Claims has occurred, 
 second, shall be delivered to the ABL Agent for application to the
payment of the ABL Claims in accordance with the ABL Loan Documents until a Discharge of ABL Claims has occurred, 

third, if the Junior Lien Intercreditor Agreement is then in effect, shall be delivered to the Designated Junior Lien
Representative (as defined in the Junior Lien Intercreditor Agreement) for application to the payment of Future Junior Lien Indebtedness in accordance with the Junior Lien Intercreditor Agreement until a Discharge of Junior Lien Obligations (as
defined in the Junior Lien Intercreditor Agreement) has occurred, and 
 fourth, the balance, if any, shall be
delivered to the Grantors or to whosoever may be lawfully entitled to receive the same or as a court of competent jurisdiction may direct. 

4.4.      Payments Over. 

(a)      Any ABL Priority Collateral or proceeds thereof received by a Term Loan Agent or any
Term Loan Lender in connection with the exercise of any right or remedy (including setoff or recoupment) relating to the ABL Priority Collateral shall be segregated and held in trust for the benefit of and forthwith paid over to the ABL Agent
(and/or its designees) for the benefit of the ABL Lenders in the same form as received, with any necessary endorsements or as a court of competent jurisdiction may otherwise direct. The ABL Agent is hereby authorized to make any such endorsements as
agent for each Term Loan Agent or any such Term Loan Lender. This authorization is coupled with an interest and is irrevocable. 

(b)      Any Term Loan Priority Collateral or proceeds thereof received by the ABL Agent or any
ABL Lender in connection with the exercise of any right or remedy (including setoff or recoupment) relating to the Term Loan Priority Collateral shall be segregated and held in trust for the benefit of and forthwith paid over to the Designated Term
Loan Agent (and/or its designees) for the benefit of the Term Loan Lenders in the same form as received, with any necessary endorsements or as a court of competent jurisdiction may otherwise direct. The Designated Term Loan Agent is hereby
authorized to make any such endorsements as agent 

  
 24 

 for the ABL Agent or any such ABL Lender. This authorization is coupled with an interest and is irrevocable.

 (c)      Promptly upon the Discharge of ABL Claims, the ABL Agent shall deliver written
notice confirming the same to the Term Loan Agents; provided that the failure to give any such notice shall not result in any liability of the ABL Agent or the other ABL Lenders hereunder or in the modification, alteration, impairment, or
waiver of the rights of any party hereunder. Promptly upon the Discharge of Term Loan Claims, the Term Loan Agents shall deliver written notice confirming the same to the ABL Agent; provided that the failure to give any such notice shall not
result in any liability of the Term Loan Agents or the other Term Loan Lenders hereunder or in the modification, alteration, impairment, or waiver of the rights of any party hereunder. 

4.5.      Set-Off and Tracing of and Priorities in
Proceeds. 
 (a)      Each Term Loan Agent, on behalf of the Term Loan Lenders
represented by it, acknowledges and agrees that, to the extent such Term Loan Agent or any other Term Loan Lender exercises its rights of set-off against any ABL Priority Collateral, the amount of such set-off shall be held and distributed pursuant to Section 4.2. The ABL Agent, on behalf of the ABL Lenders represented by it, acknowledges and agrees that, to the extent the ABL Agent or any other ABL
Lender exercises its rights to set-off against any Term Loan Priority Collateral, the amount of such set-off shall be held and distributed pursuant to
Section 4.3. 
 (b)      The ABL Agent, for itself and on behalf of each other
ABL Lender represented by it, and each Term Loan Agent, for itself and on behalf of each other Term Loan Lender represented by it, agree that prior to an issuance of an ABL Enforcement Notice or Term Loan Enforcement Notice (as applicable) or the
commencement of any Insolvency or Liquidation Proceeding, any proceeds of Collateral, whether or not deposited under Account Agreements, used by any Grantor to acquire property constituting Collateral shall not (solely as between the ABL Agent and
the Term Loan Agents and as between the ABL Lenders and the Fixed Asset Lenders) be treated as proceeds of Collateral for purposes of determining the relative priorities of the ABL Lenders and the Term Loan Lenders in the Collateral so acquired.

 (c)      Unless and until the earlier of (w) the Company or any other Grantor shall
be subject to any Insolvency or Liquidation Proceeding, (x) Discharge of ABL Claims occurs (y) the delivery of an ABL Enforcement Notice to the Designated Term Loan Agent or (z) the delivery of a Term Loan Enforcement Notice to the
ABL Agent, the ABL Agent is hereby permitted to deem all collections and payments deposited in any Deposit Account subject to an Account Agreement in favor of the ABL Agent to be proceeds of ABL Priority Collateral and the Term Loan Agent and the
other Term Loan Lenders each consents to the application of such funds to the ABL Claims, and no such funds credited to any such Deposit Account shall be subject to disgorgement or be deemed to be held in trust by the ABL Agent for the benefit of
the Term Loan Agents and the other Term Loan Lenders (and all claims of the Term Loan Agents and the other Term Loan Lenders to such amounts are hereby waived); provided, however, that the provisions of this Section 4.5(c) shall
not be applicable to any proceeds of Term Loan Priority Collateral so deposited into any Deposit Account if prior to such deposit a Term Loan Agent shall have notified the ABL Agent of such proceeds to be deposited. 

  
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 (d)      Except as otherwise provided in
Section 4.5(c) above, the ABL Agent, on behalf of itself and the ABL Lenders represented by it, and each Term Loan Agent, on behalf of itself and the Term Loan Lenders represented by it, agrees that after an issuance of an ABL
Enforcement Notice or Term Loan Enforcement Notice, each such Person shall cooperate in good faith to identify the proceeds of the ABL Priority Collateral and the Term Loan Priority Collateral, as the case may be (it being agreed that after an
issuance of an ABL Enforcement Notice, unless the ABL Agent has actual knowledge to the contrary, all funds deposited under Account Agreements and then applied to the ABL Claims shall be presumed to be ABL Priority Collateral (a presumption that can
be rebutted by any Term Loan Agent); provided, however, that neither any ABL Lender nor any Term Loan Lender shall be liable or in any way responsible for any claims or damages from conversion of the ABL Priority Collateral or Term
Loan Priority Collateral, as the case may be (it being understood and agreed that (A) the only obligation of any ABL Lender is to pay over to the Designated Term Loan Agent, in the same form as received, with any necessary endorsements, all
proceeds that such ABL Lender received that have been identified as proceeds of the Term Loan Priority Collateral and (B) the only obligation of any Term Loan Lender is to pay over to the ABL Agent, in the same form as received, with any
necessary endorsements, all proceeds that such Term Loan Lender received that have been identified as proceeds of the ABL Priority Collateral). The ABL Agent and the Term Loan Agents may request from the other agents an accounting of the
identification of the proceeds of Collateral (and the ABL Agent and the Term Loan Agents, as the case may be, upon which such request is made shall deliver such accounting reasonably promptly after such request is made). 

4.6.      Application of Proceeds of Mixed Collateral. Notwithstanding anything to the
contrary contained above, but subject to Section 4.5, or in the definition of ABL Priority Collateral or Term Loan Priority Collateral, in the event that Proceeds of Common Collateral are received from (or are otherwise attributable to
the value of) a sale or other disposition of Common Collateral that involves a combination of ABL Priority Collateral and Term Loan Priority Collateral, the portion of such Proceeds that shall be allocated as Proceeds of ABL Priority Collateral for
purposes of this Agreement shall be an amount equal to the net book value of such ABL Priority Collateral (except in the case of Accounts, which amount shall be equal to the face amount of such Accounts). In addition, notwithstanding anything to the
contrary contained above or in the definition of ABL Priority Collateral or Term Loan Priority Collateral, to the extent Proceeds of Common Collateral are Proceeds received from (or are otherwise attributable to the value of) the sale or disposition
of all or substantially all of the Equity Interests of any Subsidiary of Holdings that is a Grantor or all or substantially all of the assets of any such Subsidiary, such Proceeds shall constitute (1) first, in an amount equal to the face
amount of the Accounts (excluding any Term Loan Priority Proceeds), cash in Deposit Accounts and Securities Accounts (other than the Asset Sale Proceeds Account and all cash, checks and other property held therein or credited thereto or any other
account that holds only Term Loan Priority Proceeds), and the net book value of the Inventory owned by such Subsidiary at the time of such sale, ABL Priority Collateral and (2) second, to the extent in excess of the amounts described in
preceding clause (1), Term Loan Priority Collateral. In the event that amounts are received in respect of Equity Interests of or intercompany loans issued to any Grantor in an Insolvency or Liquidation Proceeding, such amounts shall be deemed to be
Proceeds received from a sale or disposition of ABL Priority Collateral and Term Loan Priority Collateral and shall be allocated as Proceeds of ABL Priority Collateral and Term Loan Priority Collateral in proportion to the

  
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 ABL Priority Collateral and Term Loan Priority Collateral owned at such time by the issuer
of such Equity Interests (with such proportion to be determined in the same manner as is set forth in the immediately preceding sentence as it relates to a sale or disposition of Equity Interests). 

Section 5.      Other Agreements. 

5.1.     Releases. 

(a)      If, at any time any Grantor or the holder of any ABL Claim delivers notice to the Term
Loan Agents that any specified ABL Priority Collateral is sold, transferred or otherwise disposed of (including for such purpose, in the case of the sale of Equity Interests in any Subsidiary, any ABL Priority Collateral held by such Subsidiary or
any direct or indirect Subsidiary thereof): 
 (i)      by the owner of such
ABL Priority Collateral in a transaction permitted under the ABL Credit Agreement and the Term Loan Credit Agreement and not prohibited under any other ABL Loan Document (if any) and Term Loan Document (if any); or 

(ii)      during the existence of any Event of Default under (and as defined
in) the ABL Credit Agreement by the owner of such ABL Priority Collateral (to the extent the ABL Agent has consented to such sale, transfer or disposition) or by the ABL Agent in connection with the Exercise of Any Secured Creditor Remedies; 

then (whether or not any Insolvency or Liquidation Proceeding is pending at the time) the Liens in favor of the Term Loan Lenders upon such
ABL Priority Collateral will automatically be released and discharged as and when, but only to the extent, such Liens on such ABL Priority Collateral securing ABL Claims are released and discharged. Upon delivery to each Term Loan Agent of a notice
from the ABL Agent stating that any release of Liens by the ABL Agent securing or supporting the ABL Claims on any ABL Priority Collateral has become effective (or shall become effective upon each Term Loan Agent’s release), each Term Loan
Agent will promptly execute, file and deliver such instruments, releases, termination statements or other documents (including UCC-3 termination statements, mortgage releases and termination of USPTO and
copyright filings) confirming such release on customary terms at the expense of the Company. 
 Each Term Loan Agent, for
itself and on behalf of each applicable Term Loan Lender, hereby irrevocably constitutes and appoints the ABL Agent and any officer or agent of the ABL Agent, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of such Term Loan Agent or such Term Loan Lender or in the ABL Agent’s own name, from time to time in the ABL
Agent’s discretion, for the purpose of carrying out the terms of this Section 5.1(a), to take any and all appropriate action and to execute any and all documents and instruments and make filings that may be necessary or desirable to
accomplish the purposes of this Section 5.1(a), including filing any termination statements, endorsements or other instruments of transfer or release; provided that the ABL Agent shall not exercise such power of attorney unless
the Term Loan Agents have 

  
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 failed to comply with their obligations under this Section 5.1 within two
Business Days after demand by the ABL Agent. This power is coupled with an interest and is irrevocable. 

(b)      Subject to Section 5.6, if, at any time any Grantor or the holder of any
Term Loan Claim delivers notice to the ABL Agent that any specified Term Loan Priority Collateral (including all or substantially all of the Equity Interests of a Grantor or any of its Subsidiaries) (including for such purpose, in the case of the
sale of Equity Interests in any Subsidiary, any Term Loan Priority Collateral held by such Subsidiary or any direct or indirect Subsidiary thereof) is sold, transferred or otherwise disposed of: 

(i)      by the owner of such Term Loan Priority Collateral in a transaction
permitted under the Term Loan Credit Agreement and the ABL Credit Agreement and not prohibited under any other Term Loan Document (if any) and ABL Loan Document (if any); or 

(ii)      during the existence of any Event of Default under (and as defined
in) the Term Loan Credit Agreement (or any other Credit Agreement governing Future Term Indebtedness) by the owner of such Term Loan Priority Collateral (to the extent the applicable Term Loan Agents have consented to such sale, transfer or
disposition) or by a Term Loan Agent in connection with the Exercise of Any Secured Creditor Remedies; 
 then (whether or not any
Insolvency or Liquidation Proceeding is pending at the time) the Liens in favor of the ABL Lenders upon such Term Loan Priority Collateral will automatically be released and discharged as and when, but only to the extent, such Liens on such Term
Loan Priority Collateral securing Term Loan Claims are released and discharged. Upon delivery to the ABL Agent of a notice from the applicable Term Loan Agent stating that any release of Liens by the Term Loan Agents securing or supporting the Term
Loan Claims on any Term Loan Priority Collateral has become effective (or shall become effective upon the ABL Agent’s release), the ABL Agent will promptly execute, file and deliver such instruments, releases, termination statements or other
documents (including UCC-3 termination statements, mortgage releases and termination of USPTO and copyright filings) confirming such release on customary terms at the expense of the Company. 

The ABL Agent, for itself and on behalf of each applicable ABL Lender, hereby irrevocably constitutes and appoints each Term Loan Agent and
any officer or agent of such Term Loan Agent, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in the
place and stead of the ABL Agent or such ABL Lender or in such Term Loan Agent’s own name, from time to time in such Term Loan Agent’s discretion, for the purpose of carrying out the terms of this Section 5.1(b), to take any
and all appropriate action and to execute any and all documents and instruments and make any filings that may be necessary or desirable to accomplish the purposes of this Section 5.1(b), including filing any termination statements,
endorsements or other instruments of transfer or release; provided that the applicable Term Loan Agent shall not exercise such power of attorney unless the ABL Agent has failed to comply with their obligations under this
Section 5.1 within two Business Days after demand by the applicable Term Loan Agent. This power is coupled with an interest and is irrevocable. 

  
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 (c)      Unless and until the Discharge of
ABL Claims has occurred, each Term Loan Agent, for itself and on behalf of each applicable Term Loan Lender, hereby consents to the application, whether prior to or after a default, of proceeds of ABL Priority Collateral to the repayment of ABL
Claims pursuant to the ABL Credit Agreement; provided that nothing in this Section 5.1(c) shall be construed to prevent or impair the rights of the Term Loan Agents or the Term Loan Lenders to receive proceeds in connection with
the Term Loan Claims not otherwise in contravention of this Agreement. 
 (d)      Unless and
until the Discharge of Term Loan Claims has occurred, the ABL Agent, for itself and on behalf of each applicable ABL Lender, hereby consents to the application, whether prior to or after a default, of proceeds of Term Loan Priority Collateral to the
repayment of Term Loan Claims pursuant to the Term Loan Credit Agreement; provided that nothing in this Section 5.1(d) shall be construed to prevent or impair the rights of the ABL Agent or the ABL Lenders to receive proceeds in
connection with the ABL Claims not otherwise in contravention of this Agreement. 

5.2.     Insurance. 

(a)      Proceeds of Common Collateral include insurance proceeds and, therefore, the Lien
priority set forth in this Agreement shall govern the ultimate disposition of casualty insurance proceeds. 

(b)      Unless and until the Discharge of ABL Claims has occurred, the ABL Agent shall have
the sole and exclusive right, subject to the rights of the Grantors under the ABL Loan Documents, to adjust settlement for any insurance policy covering the Common Collateral in the event of any loss thereunder and to approve any award granted in
any condemnation or similar proceeding affecting the Common Collateral. Unless and until the Discharge of ABL Claims has occurred, all proceeds of any such policy and any such award if in respect of the ABL Priority Collateral shall be paid in
accordance with the terms of Section 4.2. If a Term Loan Agent or any Term Loan Lender shall, at any time, receive any proceeds of any such insurance policy or any such award in respect of ABL Priority Collateral in contravention of this
Agreement, it shall pay such proceeds over to the ABL Agent in accordance with the terms of Section 4.4. Unless and until the Discharge of Term Loan Claims has occurred, all proceeds of any such policy and any such award if in respect of
the Term Loan Priority Collateral shall be paid in accordance with the terms of Section 4.3. If the ABL Agent or any ABL Lender shall, at any time, receive any proceeds of any such insurance policy or any such award in respect of Term
Loan Priority Collateral, it shall pay such proceeds over to the Designated Term Loan Agent in accordance with the terms of Section 4.4. 

5.3.     Amendments to ABL Loan Documents and Term Loan Documents. 

(a)      Each Term Loan Agent, on behalf of itself and the applicable Term Loan Lenders, hereby
agrees that, without affecting the obligations of the Term Loan Agents and the Term Loan Lenders hereunder, the ABL Agent and the ABL Lenders may, at any time and from time to time, in their sole discretion without the consent of or notice to a Term
Loan Agent or any Term Loan Lender (except to the extent such notice or consent is required pursuant to the express provisions of this Agreement), and without incurring any liability to a Term Loan Agent

  
 29 

 or any Term Loan Lender or impairing or releasing the lien subordination provided for herein
or other provisions of this Agreement, amend, restate, supplement, replace, Refinance (in compliance with Section 5.3(c)), extend, consolidate, restructure, or otherwise modify any of the ABL Loan Documents in any manner whatsoever (in
compliance with Section 9.3, to the extent applicable), including, to: 

(i)      change the manner, place, time, or terms of payment or renew or alter
or increase, all or any of the Obligations under the ABL Loan Documents or otherwise amend, restate, supplement, or otherwise modify in any manner, or grant any waiver or release with respect to, all or any part of the Obligations under the ABL Loan
Documents or any of the ABL Loan Documents; 
 (ii)      retain or, subject
to Section 2.3, obtain a Lien on any property of any Person to secure any of the ABL Claims, and in connection therewith to enter into any additional ABL Loan Documents; 

(iii)      amend, or grant any waiver, compromise, or, subject to
Section 5.1, release with respect to, or consent to any departure from, any guaranty or other obligations of any Person obligated in any manner under or in respect of the ABL Claims; 

(iv)      subject to Section 5.1, release its Lien on any Common
Collateral or other property; 
 (v)      exercise or refrain from exercising
any rights against the Company, any Grantor, or any other Person; 

(vi)      retain or obtain the primary or secondary obligation of any other
Person with respect to any of the ABL Claims; and 
 (vii)      otherwise
manage and supervise the ABL Claims as the ABL Agent shall deem appropriate. 
 (b)      The
ABL Agent, on behalf of itself and the ABL Lenders, hereby agrees that, without affecting the obligations of the ABL Agent and the ABL Lenders hereunder, each Term Loan Agent and the Term Loan Lenders may, at any time and from time to time, in their
sole discretion without the consent of or notice to the ABL Agent or any ABL Lender (except to the extent such notice or consent is required pursuant to the express provisions of this Agreement), and without incurring any liability to the ABL Agent
or any ABL Lender or impairing or releasing the lien subordination provided for herein or other provisions of this Agreement, amend, restate, supplement, replace, Refinance (in compliance with Section 5.3(c)), extend, consolidate, restructure,
or otherwise modify any of the Term Loan Documents in any manner whatsoever (in compliance with Section 9.3, to the extent applicable), including, to: 

(i)      change the manner, place, time, or terms of payment or renew, alter or
increase, all or any of the Obligations under the Term Loan Documents or otherwise amend, restate, supplement, or otherwise modify in any manner, or grant any 

  
 30 

 waiver or release with respect to, all or any part of the Obligations under
the Term Loan Documents or any of the Term Loan Documents; 

(ii)      retain or, subject to Section 2.3, obtain a Lien on any
property of any Person to secure any of the Term Loan Claims, and in connection therewith to enter into any additional Term Loan Documents; 

(iii)      amend, or grant any waiver, compromise, or, subject to
Section 5.1, release with respect to, or consent to any departure from, any guaranty or other obligations of any Person obligated in any manner under or in respect of the Term Loan Claims; 

(iv)      subject to Section 5.1, release its respective Lien on
any Common Collateral or other property; 
 (v)      exercise or refrain from
exercising any rights against the Company, any Grantor, or any other Person; 

(vi)      retain or obtain the primary or secondary obligation of any other
Person with respect to any of the Term Loan Claims; and 

(vii)      otherwise manage and supervise the Term Loan Claims as the
applicable Term Loan Agent shall deem appropriate. 
 (c)      The ABL Claims and the Term
Loan Claims may be Refinanced, in whole or in part, in each case, without notice to, or the consent (except to the extent a consent is required to permit the Refinancing transaction under any ABL Loan Document or any Term Loan Document) of the ABL
Agent, the ABL Lenders, the Term Loan Agents or the Term Loan Lenders, as the case may be, all without affecting the Lien priorities provided for herein or the other provisions hereof; provided, however, that the holders of such
Refinancing indebtedness (or an authorized agent or trustee on their behalf) comply with Section 9.3 (to the extent applicable), and any such Refinancing transaction shall be in accordance with any applicable provisions of the ABL Loan
Documents and the Term Loan Documents. 
 (d)      In the event that the ABL Agent or the ABL
Lenders enter into any amendment, waiver or consent in respect of or replace any of the ABL Collateral Documents for the purpose of adding to, or deleting from, or waiving or consenting to any departures from any provisions of, any ABL Collateral
Document or changing in any manner the rights of the ABL Agent, the ABL Lenders, the Company or any other Grantor thereunder in respect of the ABL Priority Collateral, then such amendment, waiver or consent shall apply automatically to any
comparable provision of each comparable Term Loan Collateral Document (but solely as to ABL Priority Collateral) without the consent of any Term Loan Agent or any Term Loan Lender and without any action by the Term Loan Lenders, the Company or any
other Grantor; provided that such amendment, waiver or consent may not materially adversely affect the rights of the applicable Term Loan Lenders or the interests of the applicable Term Loan Lenders in the ABL Priority Collateral unless the
rights and interests of all other creditors of the Company or such Grantor, as the case may be, that have a security interest in the affected collateral are affected in 

  
 31 

 a like or similar manner (without regard to the fact that the Lien of such ABL Collateral
Document is senior to the Lien of the comparable Term Loan Collateral Document). The ABL Agent shall give written notice of such amendment, waiver or consent to the Term Loan Agents within 10 Business Days of the effectiveness thereof;
provided that the failure to give such notice shall not affect the effectiveness of such amendment, waiver or consent with respect to the provisions of any Term Loan Collateral Document as set forth in this Section 5.3(d). 

(e)      In the event that a Term Loan Agent or the Term Loan Lenders enter into any amendment,
waiver or consent in respect of or replace any of the Term Loan Collateral Documents for the purpose of adding to, or deleting from, or waiving or consenting to any departures from any provisions of, any Term Loan Collateral Document or changing in
any manner the rights of the Term Loan Agents, the Term Loan Lenders, the Company or any other Grantor thereunder in respect of the Term Loan Priority Collateral, then such amendment, waiver or consent shall apply automatically to any comparable
provision of each comparable ABL Collateral Document (but solely as to Term Loan Priority Collateral) without the consent of the ABL Agent or any ABL Lender and without any action by the ABL Lenders, the Company or any other Grantor; provided
that such amendment, waiver or consent may not materially adversely affect the rights of the ABL Lenders or the interests of the ABL Lenders in the Term Loan Priority Collateral unless the rights and interests of all other creditors of the Company
or such Grantor, as the case may be, that have a security interest in the affected collateral are affected in a like or similar manner (without regard to the fact that the Lien of such Term Loan Collateral Document is senior to the Lien of the
comparable ABL Collateral Document). The applicable Term Loan Agent shall give written notice of such amendment, waiver or consent to the ABL Agent; provided that the failure to give such notice shall not affect the effectiveness of such
amendment, waiver or consent with respect to the provisions of any ABL Collateral Document as set forth in this Section 5.3(e). 

5.4.      Rights As Unsecured Creditors. Except as specifically set forth in this
Agreement, the Second Priority Agents and the Second Priority Lenders may exercise rights and remedies as an unsecured creditor against Holdings, the Company or any Subsidiary that has guaranteed the Second Priority Claims in accordance with the
terms of the applicable Second Priority Documents and applicable law. Nothing in this Agreement shall prohibit the receipt by any Second Priority Agent or any Second Priority Lender of the required payments of interest and principal so long as such
receipt is not the direct or indirect result of (a) the exercise by any Second Priority Agent or any Second Priority Lender of rights or remedies as a secured creditor (including setoff and recoupment) in respect of the applicable portion of
the Common Collateral or (b) enforcement in contravention of this Agreement of any Lien in respect of Second Priority Claims held by any of them. In the event any Second Priority Agent or any Second Priority Lender becomes a judgment lien
creditor or other secured creditor in respect of Common Collateral as a result of its enforcement of its rights as an unsecured creditor in respect of Second Priority Claims or otherwise, such judgment or other lien shall be subordinated to the
Liens securing First Priority Claims on the same basis as the other Liens securing the Second Priority Claims are so subordinated to such Liens securing First Priority Claims under this Agreement. 

  
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 5.5.      First Priority Agent as
Gratuitous Bailee for Perfection. 
 (a)      The ABL Agent agrees to hold the Pledged
Collateral that is part of the ABL Priority Collateral in its possession or control (or in the possession or control of its agents or bailees) as gratuitous bailee for each Term Loan Agent and any assignee solely for the purpose of perfecting the
security interest granted in such Pledged Collateral pursuant to the Term Loan Collateral Documents, subject to the terms and conditions of this Section 5.5 (such bailment being intended, among other things, to satisfy the requirements
of Sections 8-106(d)(3), 8-301(a)(2), 9-104(a)(5) and 9-313(c) of the UCC). Each Term
Loan Agent agrees to hold the Pledged Collateral that is part of the Term Loan Priority Collateral in its possession or control (or in the possession or control of its agents or bailees) as gratuitous bailee for the ABL Agent and any assignee solely
for the purpose of perfecting the security interest granted in such Pledged Collateral pursuant to the ABL Collateral Documents, subject to the terms and conditions of this Section 5.5 (such bailment being intended, among other things,
to satisfy the requirements of Sections 8-106(d)(3), 8-301(a)(2), 9-104(a)(5) and
9-313(c) of the UCC). 
 (b)      The ABL Agent
agrees to hold the Deposit Account Collateral that is part of the Collateral and controlled by the ABL Agent as gratuitous agent for each Term Loan Agent and any assignee solely for the purpose of perfecting the security interest granted in such
Deposit Account Collateral pursuant to the Term Loan Collateral Documents, subject to the terms and conditions of this Section 5.5. 

(c)      Except as otherwise specifically provided herein (including Sections 3.1,
4 and 8.2), until the Discharge of ABL Claims has occurred, the ABL Agent shall be entitled to deal with the Pledged Collateral constituting ABL Priority Collateral in accordance with the terms of the ABL Loan Documents as if the Liens
under the Term Loan Collateral Documents did not exist. The rights of each Term Loan Agent and the Term Loan Lenders with respect to such Pledged Collateral shall at all times be subject to the terms of this Agreement. Except as otherwise
specifically provided herein (including Sections 3.1, 4 and 8.2), until the Discharge of Term Loan Claims has occurred, each Term Loan Agent shall be entitled to deal with the Pledged Collateral constituting Term Loan Priority
Collateral in accordance with the terms of the Term Loan Documents as if the Liens under the ABL Collateral Documents did not exist. The rights of the ABL Agent and the ABL Lenders with respect to such Pledged Collateral shall at all times be
subject to the terms of this Agreement. 
 (d)      The First Priority Agent shall have no
obligation whatsoever to any Second Priority Agent or any Second Priority Lender to assure that the Pledged Collateral is genuine or owned by the Grantors or to protect or preserve rights or benefits of any Person or any rights pertaining to the
applicable portion of the Common Collateral except as expressly set forth in this Section 5.5. The duties or responsibilities of the First Priority Agent under this Section 5.5 shall be limited solely to holding the Pledged
Collateral as gratuitous bailee (and with respect to Deposit Accounts, as agent) for each Second Priority Agent for purposes of perfecting the Lien held by the Second Priority Lenders and delivering the Pledged Collateral upon a Discharge of ABL
Claims as provided in Section 5.5(f) or upon a Discharge of Term Loan Claims as provided in Section 5.5(g), as applicable. 

  
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 (e)      The First Priority Agent shall not
have by reason of the Second Priority Documents or this Agreement or any other document a fiduciary relationship in respect of any Second Priority Agent or any Second Priority Lender and the Second Priority Agent and the Second Priority Lenders
hereby waive and release the First Priority Agent from all claims and liabilities arising pursuant to the First Priority Agent’s role under this Section 5.5, as agent and gratuitous bailee with respect to the applicable portion of
the Common Collateral. 
 (f)      Upon the Discharge of ABL Claims, the ABL Agent
shall deliver to the Designated Term Loan Agent, to the extent that it is legally permitted to do so, the remaining Pledged Collateral (if any) and Deposit Account Collateral (if any) constituting ABL Priority Collateral in its possession or
under its control, together with any necessary endorsements (or otherwise allow the Designated Term Loan Agent to obtain control of such Pledged Collateral and Deposit Account Collateral) or as a court of competent jurisdiction may otherwise direct.
The Company shall take such further action as is required to effectuate the transfer contemplated hereby and shall indemnify the ABL Agent for loss or damage suffered by the ABL Agent as a result of such transfer except for loss or damage suffered
by the ABL Agent as a result of its own willful misconduct, gross negligence or bad faith. The ABL Agent has no obligation to follow instructions from a Term Loan Agent in contravention of this Agreement. 

(g)      Upon the Discharge of Term Loan Claims, each Term Loan Agent shall deliver to the ABL
Agent, to the extent that it is legally permitted to do so, the remaining Pledged Collateral (if any) constituting Term Loan Priority Collateral in its possession or under its control, together with any necessary endorsements (or otherwise allow the
ABL Agent to obtain control of such Pledged Collateral) or as a court of competent jurisdiction may otherwise direct. The Company shall take such further action as is required to effectuate the transfer contemplated hereby and shall indemnify
each Term Loan Agent for loss or damage suffered by such Term Loan Agent as a result of such transfer except for loss or damage suffered by such Term Loan Agent as a result of its own willful misconduct, gross negligence or bad faith. No Term Loan
Agent has any obligation to follow instructions from the ABL Agent in contravention of this Agreement. 

5.6.      Access to Premises and Cooperation. 

(a)      If the ABL Agent takes any enforcement action with respect to the ABL Priority
Collateral, each Term Loan Agent and the Term Loan Lenders (i) shall cooperate with the ABL Agent (at the sole cost and expense of the ABL Agent and the ABL Lenders and subject to the condition that the Term Loan Agents and the Term Loan
Lenders shall have no obligation or duty to take any action or refrain from taking any action that could reasonably be expected to result in the incurrence of any liability or damage to a Term Loan Agent or the Term Loan Lenders) in its efforts to
enforce its security interest in the ABL Priority Collateral and to allow the ABL Agent to finish any work-in-process and assemble the ABL Priority Collateral,
(ii) shall not take any action designed or intended to hinder or restrict in any respect the ABL Agent from enforcing its security interest in the ABL Priority Collateral or from finishing any work-in-process or assembling the ABL Priority Collateral and (iii) shall permit and hereby grants (to the full extent of its rights, if any) to the ABL Agent, its employees, agents, advisers and
representatives, at the sole cost and expense of the ABL Lenders and upon reasonable advance notice, to use the Term Loan Priority Collateral (including (x) equipment, processors, computers 

  
 34 

 and other machinery related to the storage or processing of records, documents or files and
(y) Intellectual Property, in each case only to the extent and for so long as required to effect an enforcement action with respect to the ABL Priority Collateral), for a period not to exceed 180 days after the taking of such enforcement
action, for purposes of (A) assembling and storing the ABL Priority Collateral and completing the processing of and turning into finished goods of any ABL Priority Collateral consisting of work-in-process, (B) selling any or all of the ABL Priority Collateral, whether in bulk, in lots or to customers in the ordinary course of business or otherwise, (C) removing and transporting any or
all of the ABL Priority Collateral located in or on such Term Loan Priority Collateral, if any, (D) otherwise processing, shipping, producing, storing, completing, supplying, leasing, selling or otherwise handling, dealing with, assembling or
disposing of, in any lawful manner, the ABL Priority Collateral, (E) taking reasonable actions to protect, secure, and otherwise enforce the rights of the ABL Agent and the ABL Lenders in and to the ABL Priority Collateral, (F) collecting
all Accounts included in the ABL Priority Collateral or (G) copying, using or preserving any and all information relating to any of the ABL Priority Collateral; provided, however, that nothing contained in this Agreement shall
restrict the rights of the Term Loan Agents or the Term Loan Lenders from selling, assigning or otherwise transferring any Term Loan Priority Collateral prior to the expiration of such 180-day period if the
purchaser, assignee or transferee thereof agrees to be bound by the provisions of this Section 5.6. The rights of the ABL Agent and the other ABL Lenders under this Section 5.6 during such
180-day period shall continue notwithstanding such sale or other disposition by any Term Loan Agent. If any stay or other order prohibiting the exercise of remedies with respect to the ABL Priority Collateral
has been entered by a court of competent jurisdiction, such 180-day period shall be tolled during the pendency of any such stay or other order. In connection with the use of Intellectual Property constituting
Term Loan Priority Collateral pursuant to clause (iii)(y) above in the first sentence of this clause (a), each Term Loan Agent (and any purchaser, assignee or transferee of assets as provided in the proviso to the first sentence of this clause (a))
(1) consents (without any representation, warranty or obligation whatsoever) to the grant by any Grantor to the ABL Agent of a non-exclusive royalty-free license to use any Patent, Trademark or proprietary
information of such Grantor that is subject to a Lien held by such Term Loan Agent (or any Patent, Trademark or proprietary information acquired by such purchaser, assignee or transferee from any Grantor, as the case may be) and (2) grants, in
its capacity as a secured party (or as a purchaser, assignee or transferee, as the case may be), to the ABL Agent a non-exclusive royalty-free license to use any Patent, Trademark or proprietary information
that is subject to a Lien held by such Term Loan Agent (or subject to such purchase, assignment or transfer, as the case may be), in each case for the purposes set forth in clauses (A) through (G) of this paragraph. 

(b)      During the period of actual use or control by the ABL Agent or its agents or
representatives of any Term Loan Priority Collateral, the ABL Agent and the ABL Lenders shall (i) be responsible for the ordinary course third party expenses related thereto, and (ii) be obligated to repair at their expense any physical
damage to such Term Loan Priority Collateral resulting from such use or control, and to leave such Term Loan Priority Collateral in substantially the same condition as it was at the commencement of such use or control, ordinary wear and tear
excepted. The ABL Agent and the ABL Lenders jointly and severally agree to pay, indemnify and hold each Term Loan Agent and their respective officers, directors, employees and agents harmless from and against any liability, cost, expense, loss or
damages, including legal fees and expenses, resulting from the gross negligence or willful misconduct of 

  
 35 

 the ABL Agent or any of its agents, representatives or invitees in its or their operation of
such Term Loan Priority Collateral. Notwithstanding the foregoing, in no event shall the ABL Agent or the ABL Lenders have any liability to the Term Loan Agents or the Term Loan Lenders pursuant to this Section 5.6 as a result of the
condition (including any environmental condition, claim or liability) of any Term Loan Priority Collateral existing prior to the date of the exercise by the ABL Agent and the ABL Lenders of their rights under this Section 5.6, and the
ABL Agent and the ABL Lenders shall have no duty or liability to maintain the Term Loan Priority Collateral in a condition or manner better than that in which it was maintained prior to the use thereof by the ABL Agent, or for any diminution in the
value of the Term Loan Priority Collateral that results solely from ordinary wear and tear resulting from the use of the Term Loan Priority Collateral by the ABL Agent in the manner and for the time periods specified under this
Section 5.6. Without limiting the rights granted in this paragraph, the ABL Agent and the ABL Lenders shall cooperate with the Term Loan Agents and the Term Loan Lenders in connection with any efforts made by the Term Loan Agents and the
Term Loan Lenders to sell the Term Loan Priority Collateral. 
 (c)      Each Term Loan Agent
agrees that if the ABL Agent shall require rights available under any permit or license controlled by such Term Loan Agent in order to realize on any ABL Priority Collateral, such Term Loan Agent shall take all such actions as shall be available to
it (at the sole expense of the Grantors), consistent with applicable law and reasonably requested by the ABL Agent to make such rights available to the ABL Agent, subject to the Liens of the Term Loan Agents, the Term Loan Lenders. The ABL Agent
agrees that if a Term Loan Agent shall require rights available under any permit or license controlled by the ABL Agent in order to realize on any Term Loan Priority Collateral, the ABL Agent shall take all such actions as shall be available to it
(at the sole expense of the Grantors), consistent with applicable law and reasonably requested by the applicable Term Loan Agent to make such rights available to such Term Loan Agent, subject to the Liens of the ABL Agent and the ABL Lenders. 

5.7.      No Release If Event of Default; Reinstatement. 

(a)      If, concurrently with (or after) the Discharge of ABL Claims has occurred, the Company
incurs any ABL Claims in accordance with Section 9.3, then such Discharge of ABL Claims shall automatically be deemed not to have occurred for all purposes of this Agreement (other than with respect to any actions taken by a Term Loan
Agent or otherwise prior to the date of such designation as a result of the occurrence of such prior Discharge of ABL Claims), and the applicable agreement governing such ABL Claims shall automatically be treated as the ABL Credit Agreement for all
purposes of this Agreement, including for purposes of the Lien priorities and rights in respect of Common Collateral set forth herein and the granting by the ABL Agent of amendments, waivers and consents hereunder. Upon receipt of a
designation from the Company in accordance with Section 9.3, each Term Loan Agent shall promptly (a) enter into such documents and agreements (including amendments or supplements to this Agreement) as the Company or such new ABL
Agent shall reasonably request in order to provide to the new ABL Agent the rights contemplated hereby, in each case consistent in all material respects with the terms of this Agreement and (b) deliver to the new ABL Agent any Pledged
Collateral constituting ABL Priority Collateral held by it together with any necessary 

  
 36 

 endorsements (or otherwise allow the new ABL Agent to obtain control of such Pledged
Collateral). As provided in Section 9.3 hereof, the new ABL Agent shall agree in a writing addressed to the Designated Term Loan Agent and the Term Loan Lenders to be bound by the terms of this Agreement. If the new ABL Claims under the
new ABL Loan Documents are secured by assets of the Grantors constituting Collateral that do not also secure the Term Loan Claims, then the Term Loan Claims shall be secured at such time by a second-priority Lien on such assets to the same extent
provided in the Term Loan Collateral Documents and this Agreement except to the extent such Lien on such assets constitutes a Term Declined Lien. 

(b)      If, concurrently with (or after) the Discharge of Term Loan Claims has occurred, the
Company incurs any Term Loan Claims in accordance with Section 9.3, then such Discharge of Term Loan Claims shall automatically be deemed not to have occurred for all purposes of this Agreement (other than with respect to any actions
taken by the ABL Agent or otherwise prior to the date of such designation as a result of the occurrence of such prior Discharge of Term Loan Claims), and the applicable agreement governing such Term Loan Claims shall automatically be treated
as the Term Loan Credit Agreement for all purposes of this Agreement, including for purposes of the Lien priorities and rights in respect of Common Collateral set forth herein and the granting by the applicable Term Loan Agent of amendments, waivers
and consents hereunder. Upon receipt of a designation from the Company in accordance with Section 9.3, the ABL Agent shall promptly (a) enter into such documents and agreements (including amendments or supplements to this Agreement)
as the Company or such new Term Loan Agent shall reasonably request in order to provide to the new Term Loan Agent the rights contemplated hereby, in each case consistent in all material respects with the terms of this Agreement and (b) deliver
to the new Term Loan Agent any Pledged Collateral constituting Term Loan Priority Collateral held by it together with any necessary endorsements (or otherwise allow the new Term Loan Agent to obtain control of such Pledged Collateral). As provided
in Section 9.3 hereof, the new Term Loan Agent shall agree in a writing addressed to the ABL Agent and the ABL Lenders to be bound by the terms of this Agreement. If the new Term Loan Claims under the new Term Loan Documents are secured
by assets of the Grantors constituting Collateral that do not also secure the ABL Claims, then the ABL Claims shall be secured at such time by a second-priority Lien on such assets to the same extent provided in the ABL Collateral Documents and this
Agreement except to the extent such Lien on such assets constitutes an ABL Declined Lien. 

5.8.      Legends. Each party hereto agrees that each Credit Agreement, the Term Loan
Collateral Agreement and the ABL Collateral Agreement shall contain the applicable provisions set forth on Schedule I hereto, or similar provisions approved by the ABL Agent and the Term Loan Agents, which approval shall not be
unreasonably withheld or delayed. 
 Section 6.      Insolvency or Liquidation Proceedings. 

6.1.     Financing Issues. 

(a)      Until the Discharge of ABL Claims has occurred, if the Company or any other Grantor
shall be subject to any Insolvency or Liquidation Proceeding and shall move for the approval of the use of cash collateral constituting ABL Priority Collateral or the proceeds thereof or of financing (“DIP Financing”) under
Section 363 or Section 364 of Title 11 of the 

  
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 United States Code or any similar provision in any Bankruptcy Law, then each Term Loan
Agent, on behalf of itself and each Term Loan Lender, agrees that it will raise no objection to, and will not support any objection to, and will not otherwise contest (a) such DIP Financing, the Liens on ABL Priority Collateral securing such
DIP Financing (the “ABL DIP Financing Liens”) or the use of cash collateral that constitutes ABL Priority Collateral or the proceeds thereof, in each case unless the ABL Agent or the ABL Lenders shall then object or support an
objection to such DIP Financing, ABL DIP Financing Liens or use of such cash collateral, and will not object on the basis of lack of adequate protection or any other relief in connection therewith and, to the extent the Liens securing the ABL Claims
under the ABL Credit Agreement or, if no such ABL Credit Agreement exists, under the other ABL Loan Documents are subordinated or pari passu with such ABL DIP Financing Liens, will subordinate its Liens in the ABL Priority Collateral to such ABL DIP
Financing Liens on the same basis as the other Liens on ABL Priority Collateral securing the Term Loan Claims are so subordinated to Liens securing ABL Claims under this Agreement, (b) any motion for relief from the automatic stay or from any
injunction against foreclosure or enforcement in respect of ABL Claims or ABL Priority Collateral made by the ABL Agent or any holder of ABL Claims, (c) any lawful exercise by any holder of ABL Claims of the right to credit bid ABL Claims at
any sale in foreclosure of ABL Priority Collateral, (d) any other request for judicial relief made in any court by any holder of ABL Claims relating to the lawful enforcement of any Lien on ABL Priority Collateral or (e) any order relating
to a sale of ABL Priority Collateral for which the ABL Agent has consented that provides, to the extent the sale is to be free and clear of Liens, that the Liens securing the ABL Claims and the Term Loan Claims will attach to the proceeds of the
sale on the same basis of priority as set forth in this Agreement; provided that all Liens granted to the ABL Agent or the Term Loan Agents in any Insolvency or Liquidation Proceeding are intended by the parties hereto to be and shall be
deemed to be subject to the Lien priority and the other terms and conditions of this Agreement. 

(b)      Until the Discharge of Term Loan Claims has occurred, if the Company or any other
Grantor shall be subject to any Insolvency or Liquidation Proceeding and shall move for the approval of the use of cash collateral constituting Term Loan Priority Collateral or the proceeds thereof or of DIP Financing under Section 363 or
Section 364 of Title 11 of the United States Code or any similar provision in any Bankruptcy Law, then the ABL Agent, on behalf of itself and each ABL Lender, agrees that it will raise no objection to, and will not support any objection to, and
will not otherwise contest (a) such DIP Financing, the Liens on Term Loan Priority Collateral securing such DIP Financing (the “Term Loan DIP Financing Liens”) or the use of cash collateral that constitutes Term Loan Priority
Collateral or the proceeds thereof, in each case unless the Term Loan Agents or the Term Loan Lenders shall then object or support an objection to such DIP Financing, Term Loan DIP Financing Liens or use of such cash collateral, and will not object
on the basis of lack of adequate protection or any other relief in connection therewith and, to the extent the Liens securing the Term Loan Claims under the Term Loan Credit Agreement or, if no such Term Loan Credit Agreement exists, under the other
Term Loan Documents are subordinated or pari passu with such Term Loan DIP Financing Liens, will subordinate its Liens in the Term Loan Priority Collateral to such Term Loan DIP Financing Liens on the same basis as the other Liens on Term Loan
Priority Collateral securing the ABL Claims are so subordinated to Liens securing Term Loan Claims under this Agreement, (b) any motion for relief from the automatic stay or from any injunction against foreclosure or 

  
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 enforcement in respect of Term Loan Claims or Term Loan Priority Collateral made by the Term
Loan Agents or any holder of Term Loan Claims, (c) any lawful exercise by any holder of Term Loan Claims of the right to credit bid Term Loan Claims at any sale in foreclosure of Term Loan Priority Collateral, (d) any other request for
judicial relief made in any court by any holder of Term Loan Claims relating to the lawful enforcement of any Lien on Term Loan Priority Collateral or (e) any order relating to a sale of Term Loan Priority Collateral for which the Term Loan
Agents have consented that provides, to the extent the sale is to be free and clear of Liens, that the Liens securing the Term Loan Claims and the ABL Claims will attach to the proceeds of the sale on the same basis of priority as set forth in this
Agreement; provided that all Liens granted to the ABL Agent or the Term Loan Agents in any Insolvency or Liquidation Proceeding are intended by the parties hereto to be and shall be deemed to be subject to the Lien priority and the other
terms and conditions of this Agreement. 
 6.2.      Relief from the Automatic Stay.
Until the Discharge of ABL Claims has occurred, each Term Loan Agent, on behalf of itself and each applicable Term Loan Lender, agrees that none of them shall seek (or support any other Person seeking) relief from the automatic stay or any other
stay in any Insolvency or Liquidation Proceeding in respect of the ABL Priority Collateral, without the prior written consent of the ABL Agent. Until the Discharge of Term Loan Claims has occurred, the ABL Agent, on behalf of itself and each ABL
Lender, agrees that none of them shall seek (or support any other Person seeking) relief from the automatic stay or any other stay in any Insolvency or Liquidation Proceeding in respect of the Term Loan Priority Collateral, without the prior written
consent of the Term Loan Agents. 
 6.3.     Adequate Protection. 

(a)      Each Term Loan Agent, on behalf of itself and the applicable Term Loan Lenders, agrees
that none of them shall be entitled to contest and none of them shall contest (or support any other Person contesting) (but instead shall be deemed to have hereby irrevocably, absolutely, and unconditionally waived any right to contest): 

(i)      any request by the ABL Agent or the ABL Lenders for adequate
protection with respect to the ABL Priority Collateral (except to the extent any such adequate protection is a payment from Term Loan Priority Collateral); or 

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

(b)      The ABL Agent, on behalf of itself and the ABL Lenders, agrees that none of them shall
be entitled to contest and none of them shall contest (or support any other Person contesting) (but instead shall be deemed to have hereby irrevocably, absolutely, and unconditionally waived any right to contest): 

(i)      any request by any Term Loan Agent or the other Term Loan Lenders for
adequate protection with respect to the Term Loan Priority Collateral (except to the extent any such adequate protection is a payment from ABL Priority Collateral); or 

  
 39 

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

(c)      Consistent with the foregoing provisions in this Section 6.3, and except
as provided in Sections 6.1 and 6.7, in any Insolvency or Liquidation Proceeding: 

(i)      no Term Loan Agent or Term Loan Lender shall be entitled (and each
Term Loan Agent and Term Loan Lender shall be deemed to have hereby irrevocably, absolutely, and unconditionally waived any right): 

(1)      to seek or otherwise be granted any type of adequate protection with
respect to its interests in the ABL Priority Collateral; provided, however, subject to Section 6.1, the Term Loan Agents and the Term Loan Lenders may seek and obtain adequate protection in the form of an additional or
replacement Lien on Common Collateral so long as (i) the ABL Agent and the ABL Lenders have been granted adequate protection in the form of an additional or replacement Lien on such Common Collateral, and (ii) any such Lien on ABL Priority
Collateral (and on any Collateral granted as adequate protection for the ABL Agent and the ABL Lenders in respect of their interest in such ABL Priority Collateral) is subordinated to the Liens of the ABL Agent in such Common Collateral on the same
basis as the other Liens of the Term Loan Agents on ABL Priority Collateral; and 

(2)      to seek or otherwise be granted any adequate protection payments with
respect to its interests in the Common Collateral from Proceeds of ABL Priority Collateral; 

(ii)      Neither the ABL Agent nor any ABL Lender shall be entitled (and the
ABL Agent and each ABL Lender shall be deemed to have hereby irrevocably, absolutely, and unconditionally waived any right): 

(1) to seek or otherwise be granted any type of adequate protection in respect of Term Loan Priority Collateral except as may
be consented to in writing by each Term Loan Agent in its sole and absolute discretion; provided, however, the ABL Agent and ABL Lenders may seek and obtain adequate protection in the form of an additional or replacement Lien on Common
Collateral so long as (i) the Term Loan Agents and Term Loan Lenders have been granted adequate protection in the form of an additional or replacement lien on such Common Collateral, and (ii) any such Lien on Term Loan Priority Collateral
(and on any Common Collateral granted as adequate protection for the Term Loan Agents and Term Loan Lenders in respect of their interest in such Term Loan Priority Collateral) is subordinated to the Liens of the Term Loan Agents in such Common
Collateral on the same basis as the other Liens of the ABL Agent on Term Loan Priority Collateral; and 

  
 40 

 (2) to seek or otherwise be granted any adequate protection payments with
respect to its interests in the Common Collateral from Proceeds of Term Loan Priority Collateral (except as may be consented to in writing by each Term Loan Agent in its sole and absolute discretion). 

(d)      With respect to (i) the ABL Priority Collateral, nothing herein shall limit the
rights of the Term Loan Agents and the Term Loan Lenders from seeking adequate protection with respect to their rights in the Term Loan Priority Collateral in any Insolvency or Liquidation Proceeding (including adequate protection in the form of a
cash payment, periodic cash payments or otherwise, other than from proceeds of ABL Priority Collateral) so long as such request is not otherwise inconsistent with this Agreement (and nothing herein shall be construed to prevent the ABL Agent from
objecting to such request) and (ii) the Term Loan Priority Collateral, nothing herein shall limit the rights of the ABL Agent or the ABL Lenders from seeking adequate protection with respect to their rights in the ABL Priority Collateral in any
Insolvency or Liquidation Proceeding (including adequate protection in the form of a cash payment, periodic cash payments or otherwise, other than from proceeds of Term Loan Priority Collateral) so long as such request is not otherwise inconsistent
with this Agreement (and nothing herein shall be construed to prevent the Term Loan Agents from objecting to such request). 

6.4.     Post-Petition Interest. 

(a)      Neither the Term Loan Agents nor any Term Loan Lender shall oppose or seek to
challenge any claim by the ABL Agent or any ABL Lender for allowance in any Insolvency or Liquidation Proceeding of ABL Claims consisting of post-petition interest, fees or expenses to the extent of the value of the ABL Agent’s or such ABL
Lender’s Lien on the ABL Priority Collateral, without regard to the existence of the Lien of the Term Loan Agent on behalf of the Term Loan Lenders on the ABL Priority Collateral. Neither the ABL Agent nor any ABL Lender shall oppose or seek to
challenge any claim by any Term Loan Agent or any Term Loan Lender for allowance in any Insolvency or Liquidation Proceeding of Term Loan Claims consisting of post-petition interest, fees or expenses to the extent of the value of such Term Loan
Agent’s or such Term Loan Lender’s Lien on the Term Loan Priority Collateral, without regard to the existence of the Lien of the ABL Agent on behalf of the ABL Lenders on the Term Loan Priority Collateral. 

6.5.     Avoidance Issues. 

(a)      If any ABL Lender is required in any Insolvency or Liquidation Proceeding or otherwise
to turn over or otherwise pay to the estate of the Company or any other Grantor (or any trustee, receiver or similar person therefor), because the payment of such amount was declared to be fraudulent or preferential in any respect or for any other
reason, any amount paid in respect of the ABL Claims (an “ABL Recovery”), whether received as proceeds of security, enforcement of any right of setoff or otherwise, then as among the parties hereto the ABL Claims shall be deemed to
be reinstated to the extent of such ABL Recovery and to be outstanding as if such payment had not occurred and from and after the date of such reinstatement the Discharge of ABL Claims shall be deemed not to have occurred for all purposes hereunder.
If this Agreement shall have been terminated prior to such ABL Recovery, 

  
 41 

 
this Agreement shall be reinstated in full force and effect, and such prior termination shall not diminish, release, discharge, impair or otherwise affect the obligations of the parties hereto.
This Section 6.5(a) shall survive termination of this Agreement. 
 (b)      If
any Term Loan Lender is required in any Insolvency or Liquidation Proceeding or otherwise to turn over or otherwise pay to the estate of the Company or any other Grantor (or any trustee, receiver or similar person therefor), because the payment of
such amount was declared to be fraudulent or preferential in any respect or for any other reason, any amount paid in respect of the Term Loan Claims (an “Term Loan Recovery”), whether received as proceeds of security, enforcement of
any right of setoff or otherwise, then as among the parties hereto the Term Loan Claims shall be deemed to be reinstated to the extent of such Term Loan Recovery and to be outstanding as if such payment had not occurred and from and after the date
of such reinstatement the Discharge of Term Loan Claims shall be deemed not to have occurred for all purposes hereunder. If this Agreement shall have been terminated prior to such Term Loan Recovery, this Agreement shall be reinstated in full force
and effect, and such prior termination shall not diminish, release, discharge, impair or otherwise affect the obligations of the parties hereto. This Section 6.5(b) shall survive termination of this Agreement. 

6.6.      Application. This Agreement, which the parties hereto expressly acknowledge is
a “subordination agreement” under Section 510(a) of the Bankruptcy Code, shall be applicable prior to, during and after the commencement of any Insolvency or Liquidation Proceeding. All references herein to any Grantor shall apply to
any trustee for such Person and such Person as debtor in possession. The relative rights as to the Common Collateral and proceeds thereof shall continue after the filing thereof on the same basis as prior to the date of the petition, subject to any
court order approving the financing of, or use of cash collateral by, any Grantor. 

6.7.      Waivers. Until the Discharge of ABL Claims has occurred, each Term Loan Agent,
on behalf of itself and each applicable Term Loan Lender waives any claim it may now or hereafter have arising out of the election by any ABL Lender of the application of Section 1111(b)(2) of the Bankruptcy Code with respect to any ABL
Priority Collateral. Until the Discharge of Term Loan Claims has occurred, the ABL Agent, on behalf of itself and each applicable ABL Lender waives any claim it may now or hereafter have arising out of the election by any Term Loan Lender of the
application of Section 1111(b)(2) of the Bankruptcy Code with respect to any Term Loan Priority Collateral. 

6.8.      Separate Grants of Liens. Each Term Loan Lender and each ABL Lender
acknowledges and agrees that (i) the grants of Liens pursuant to the ABL Collateral Documents and the Term Loan Collateral Documents constitute two separate and distinct grants of Liens and (ii) because of, among other things, their
differing rights in the Common Collateral, the Term Loan Claims are fundamentally different from the ABL Claims and must be separately classified in any plan of reorganization (or other plan of similar effect under any Bankruptcy Laws) proposed or
adopted in an Insolvency or Liquidation Proceeding. To further effectuate the intent of the parties as provided in the immediately preceding sentence, if it is held that the claims of the ABL Lenders and the Term Loan Lenders in respect of the
Common Collateral constitute only one secured claim (rather than separate classes of secured claims with differing priority in the Common Collateral), then the ABL Lenders and the Term Loan Lenders hereby 

  
 42 

 
acknowledge and agree that all distributions shall be made as if there were separate classes of ABL Claims, on the one hand, and the Term Loan Claims, on the other hand, against the Grantors,
with the effect being that, to the extent that the aggregate value of the ABL Priority Collateral or Term Loan Priority Collateral is sufficient, the ABL Lenders or the Term Loan Lenders, respectively, shall be entitled to receive, in addition to
amounts distributed to them in respect of principal, pre-petition interest and other claims, all amounts owing in respect of post-petition interest that is available from each pool of Collateral in which each
of the ABL Lenders and the Term Loan Lenders, respectively, have a First Priority Claim, before any distribution is made in respect of the claims held by the other Lenders from such Collateral, with the other Lenders hereby acknowledging and
agreeing to turn over to the respective other Lenders amounts otherwise received or receivable by them to the extent necessary to effectuate the intent of this sentence, even if such turnover has the effect of reducing the aggregate recoveries. 

Section 7.      [Reserved] 

Section 8.      Reliance; Waivers; etc. 

8.1.      Reliance. The consent by the First Priority Lenders to the execution and
delivery of the Second Priority Documents to which the First Priority Lenders have consented and all loans and other extensions of credit made or deemed made on and after the date hereof by the First Priority Lenders to the Company or any Subsidiary
shall be deemed to have been given and made in reliance upon this Agreement. The Second Priority Agent, on behalf of itself and each applicable Second Priority Lender, acknowledges that it and the applicable Second Priority Lenders are not entitled
to rely on any credit decision or other decisions made by the First Priority Agent or any First Priority Lender in taking or not taking any action under the applicable Second Priority Document or this Agreement. 

8.2.      No Warranties or Liability. Except as set forth in Section 9.14,
neither the First Priority Agent nor any First Priority Lender shall have been deemed to have made any express or implied representation or warranty, including with respect to the execution, validity, legality, completeness, collectability or
enforceability of any of the First Priority Documents, the ownership of any Common Collateral or the perfection or priority of any Liens thereon. The First Priority Lenders will be entitled to manage and supervise their respective loans and
extensions of credit under the First Priority Documents in accordance with law and as they may otherwise, in their sole discretion, deem appropriate, and the First Priority Lenders may manage their loans and extensions of credit without regard to
any rights or interests that any Second Priority Agent or any of the Second Priority Lenders have in the Common Collateral or otherwise, except as otherwise provided in this Agreement. Neither the First Priority Agent nor any First Priority Lender
shall have any duty to any Second Priority Agent or any Second Priority Lender to act or refrain from acting in a manner that allows, or results in, the occurrence or continuance of an event of default or default under any agreements with the
Company or any Subsidiary (including the Second Priority Documents), regardless of any knowledge thereof that they may have or be charged with. Notwithstanding anything to the contrary herein contained, none of the parties hereto waives any claim
that it may have against a Term Loan Agent or the ABL Agent, as applicable, on the grounds that any sale, transfer or other disposition by such Term Loan Agent or ABL Agent (as applicable) was not commercially reasonable to the extent required by
the Uniform Commercial Code. Except as expressly set forth in this Agreement, the 

  
 43 

 
First Priority Agent, the First Priority Lenders, the Second Priority Agent and the Second Priority Lenders have not otherwise made to each other, nor do they hereby make to each other, any
warranties, express or implied, nor do they assume any liability to each other with respect to (a) the enforceability, validity, value or collectability of any of the First Priority Claims, the Second Priority Claims or any guarantee or
security which may have been granted to any of them in connection therewith, (b) the Company’s title to or right to transfer any of the Common Collateral or (c) any other matter except as expressly set forth in this Agreement. 

8.3.      Obligations Unconditional. All rights, interests, agreements and obligations
of the First Priority Agent and the First Priority Lenders, and the Second Priority Agent and the Second Priority Lenders, respectively, hereunder shall remain in full force and effect irrespective of: 

(a)      any lack of validity or enforceability of any First Priority Documents or any Second
Priority Documents; 
 (b)      any change in the time, manner or place of payment of, or in
any other terms of, all or any of the First Priority Claims or Second Priority Claims, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the ABL
Credit Agreement or any other ABL Loan Document, of the terms of the Term Loan Credit Agreement or any other Term Loan Document; 

(c)      except as otherwise expressly set forth in this Agreement, any exchange of any
security interest in any Common Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Priority Claims or Second Priority Claims or any
guarantee thereof; 
 (d)      the commencement of any Insolvency or Liquidation Proceeding
in respect of the Company or any other Grantor; or 
 (e)      any other circumstances that
otherwise might constitute a defense available to, or a discharge of, the Company or any other Grantor in respect of the First Priority Claims, or of any Second Priority Agent or any Second Priority Lenders in respect of this Agreement. 

Section 9.      Miscellaneous. 

9.1.      Conflicts. Subject to Section 9.18, in the event of any conflict
between the provisions of this Agreement and the provisions of any ABL Loan Document, any Term Loan Document or the Junior Lien Intercreditor Agreement, the provisions of this Agreement shall govern. Solely as among the Term Loan Lenders, in the
event of any conflict (x) between this Agreement and the Term Loan Pari Passu Intercreditor Agreement, such Term Loan Pari Passu Intercreditor Agreement shall govern and control and (y) solely as among Term Loan Lenders party to the same
Term Loan Credit Agreement, in the event of any conflict between the provisions of such Term Loan Credit Agreement and this Agreement, such Term Loan Credit Agreement shall govern and control (including, without limitation, as to waterfalls, voting
rights and intercreditor provisions contained therein as applicable among such Term Loan Lenders). 

  
 44 

 
Solely as among ABL Lenders party to the same ABL Credit Agreement, in the event of any conflict between the provisions of such ABL Credit Agreement and this Agreement, such ABL Credit Agreement
shall govern and control (including, without limitation, as to waterfalls, voting rights and intercreditor provisions contained therein as applicable among such ABL Lenders). 

9.2.      Term of this Agreement; Severability. (a) This is a continuing agreement
of lien subordination and the First Priority Lenders may continue, at any time and without notice to the Second Priority Agent or any Second Priority Lender, to extend credit and other financial accommodations and lend monies to or for the benefit
of the Company or any other Grantor constituting First Priority Claims in reliance hereon. The terms of this Agreement shall survive, and shall continue in full force and effect, in any Insolvency or Liquidation Proceeding. Any provision of this
Agreement that is prohibited or unenforceable in any jurisdiction shall not invalidate the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in
any other jurisdiction. 
 (b)      This Agreement shall terminate and be of no further force
and effect: 
 (i)      with respect to the ABL Agent, the ABL Lenders and
the ABL Claims, upon the Discharge of ABL Claims, subject to the rights of the ABL Lenders under Section 6.5; and 

(ii)      with respect to the Term Loan Agents, the Term Loan Lenders and the
Term Loan Claims, upon the Discharge of Term Loan Claims, subject to the rights of the Term Loan Lenders under Section 6.5. 

9.3.      Amendments; Waivers. (a) No amendment, modification or waiver of any of
the provisions of this Agreement by the ABL Agent or the Term Loan Agents shall be deemed to be made unless the same shall be in writing signed on behalf of the party making the same or its authorized agent and each waiver, if any, shall be a
waiver only with respect to the specific instance involved and shall in no way impair the rights of the parties making such waiver or the obligations of the other parties to such party in any other respect or at any other time. The Company and the
other Grantors shall not have any right to consent to or approve any amendment, modification or waiver of any provision of this Agreement except to the extent the Company or Grantor’s rights, interests, liabilities or privileges are directly
affected. The ABL Agent and the Term Loan Agent shall provide the Company with written notice of each proposed amendment, modification or waiver, with a true and correct copy thereof prior to effectiveness thereof 

(b)      Subject to compliance with Section 9.3(d) below, upon any Refinancing in
full of the ABL Credit Agreement, the Term Loan Credit Agreement or any other Credit Agreement as then in effect, the Grantors will be permitted to designate the agreement which Refinances the ABL Credit Agreement, the Term Loan Credit Agreement or
such other Credit Agreement as the replacement ABL Credit Agreement, Term Loan Credit Agreement or other Credit Agreement in which case such designated agreement shall thereafter constitute the ABL Credit Agreement, the Term Loan Credit Agreement or
other Credit Agreement, as the case may be, for purposes hereof; provided that each predecessor ABL Credit Agreement, Term Loan Credit Agreement and/or other Credit Agreement shall continue to be bound by (and entitled to 

  
 45 

 
the benefits of) the provisions hereof (including, without limitation, Section 6.5 hereof) as applied to such agreements, the related agreements and all obligations thereunder prior
to the Refinancing thereof. 
 (c)      Subject to compliance with the following clauses
(d) through (g), notwithstanding anything in this Section 9.3 to the contrary, this Agreement may be amended from time to time at the request of the Company in accordance with clauses (d) through (g) below, at the
Company’s expense, and without the consent of the ABL Agent or Term Loan Agent to (i) add other parties holding Future Term Indebtedness to the extent such Indebtedness (and the Liens thereon) are not prohibited by the Term Loan Credit
Agreement or the ABL Credit Agreement, (ii) establish that the Lien on the ABL Priority Collateral securing such Future Term Indebtedness shall be junior and subordinate in all respects to all Liens on the ABL Priority Collateral securing any
ABL Claims and shall share in the benefits of the ABL Priority Collateral on a pari passu basis with all Liens on the ABL Priority Collateral securing any Term Loan Claims, and (iii) provide to the holders of such Future Term Indebtedness (or
any agent or trustee thereof) the comparable rights and benefits (including any improved rights and benefits that have been consented to by the ABL Agent) as are provided to the holders of Term Loan Claims under this Agreement. 

(d)      Upon the execution and delivery of any ABL Credit Agreement or Term Loan Credit
Agreement (as contemplated by preceding clause (b)) or any Credit Agreement with respect to any Future Term Indebtedness (as contemplated by preceding clause (c)): 

(i) the Company shall deliver to the ABL Agent and each Term Loan Agent an officer’s certificate stating
that the applicable Grantors (x) in the case of preceding clause (b), intend to enter or have entered into a Refinancing in full of the ABL Credit Agreement, the Term Loan Credit Agreement or any other Credit Agreement, as the case may be, that
such agreement shall thereafter (upon such Refinancing in full) constitute the ABL Credit Agreement, the Term Loan Credit Agreement or another Credit Agreement, as the case may be, and certifying that the issuance or incurrence of such Refinancing
is permitted by the ABL Credit Agreement, the Term Loan Credit Agreement and each other Credit Agreement (exclusive of any such agreement which is then being Refinanced in full), or (y) in the case of preceding clause (c), intend to enter or
have entered into a Credit Agreement with respect to such Future Term Indebtedness, and certifying that the issuance or incurrence of such Future Term Indebtedness and the Liens securing such Future Term Indebtedness are permitted by the ABL Credit
Agreement, the Term Loan Credit Agreement and each other Credit Agreement. The ABL Agent or any Term Loan Agent shall be entitled to rely conclusively on the determination of the Company that such issuance and/or incurrence does not violate the
provisions of the ABL Loan Documents or the Term Loan Documents; provided, however, that such determination will not affect whether or not the each applicable Grantor has complied with its undertakings in the ABL Loan Documents or the
Term Loan Documents; and 
 (ii) (x) in the case of preceding clause (b), the Company shall provide
written notice to the ABL Agent and each then existing Term Loan Agent of the new ABL Credit Agreement, Term Loan Credit Agreement or other Credit Agreement, as the case may be, 

  
 46 

 
together with copies thereof, and identifying the new ABL Agent or Term Loan Agent (as applicable) thereunder (such new collateral agent, the “New ABL Agent” or “New Term
Loan Agent,” as the case may be), and providing its notice information for purposes hereof, and the New ABL Agent or New Term Loan Agent, as the case may be, shall execute and deliver an Intercreditor Agreement Joinder or (y) in the
case of an amendment to this Agreement with respect to Future Term Indebtedness as contemplated by preceding clause (c), the Term Loan Agent for such Future Term Indebtedness shall execute and deliver to the ABL Agent and each Term Loan Agent
(1) an Intercreditor Agreement Joinder acknowledging that such holders shall be bound by the terms hereof to the extent applicable to Term Loan Lenders and (2) such intercreditor agreements (including a Term Loan Pari Passu Intercreditor
Agreement) as are required under the terms of the Term Loan Documents or as may be required by the other Term Loan Agents. 

(e)      In each case above, each Term Loan Agent and the ABL Agent shall promptly enter into
such documents and agreements (including amendments, restatements, amendments and restatements, supplements or other modifications to this Agreement) as the Company, any other Term Loan Agent or ABL Agent (but no other Lender) may reasonably
request in order to provide to it the rights, remedies and powers and authorities contemplated hereby, in each case consistent in all respects with the terms of this Agreement. 

(f)      In the case of a designation of a new Term Loan Credit Agreement or other Credit
Agreement with respect to Future Term Indebtedness pursuant to preceding clause (b) or (c), the ABL Agent and any other Term Loan Agent shall promptly (i) enter into such documents and agreements (including amendments or supplements
to this Agreement) as the Company or such New Term Loan Agent shall reasonably request in order to provide to the New Term Loan Agent the rights contemplated hereby, in each case consistent in all material respects with the terms of this Agreement
and (ii) in the case of clause (b) only, deliver to the New Term Loan Agent any Pledged Collateral (to the extent constituting Term Loan Priority Collateral) held by the ABL Agent or (subject to the terms of the Term Loan Pari Passu
Intercreditor Agreement if then in effect) such other Term Loan Agent, together with any necessary endorsements (or otherwise allow the New Term Loan Agent to obtain control of such Pledged Collateral). The New Term Loan Agent shall agree to be
bound by the terms of this Agreement. If the new Term Loan Claims under the new Term Loan Documents are secured by assets of the Grantors of the type constituting Term Loan Priority Collateral that do not also secure the ABL Claims, then the ABL
Claims shall be secured at such time by a Lien on such assets to the same extent provided in the ABL Collateral Documents with respect to the other Term Loan Priority Collateral. If the new Term Loan Claims under the new Term Loan Documents are
secured by assets of the Grantors of the type constituting ABL Priority Collateral that do not also secure the ABL Claims, then the ABL Claims shall be secured at such time by a Lien on such assets to the same extent provided in the ABL Collateral
Documents with respect to the other ABL Priority Collateral. 
 (g)      In the case of a
designation of a new ABL Credit Agreement pursuant to preceding clause (b), each Term Loan Agent shall promptly (i) enter into such documents and agreements (including amendments or supplements to this Agreement) as the Company and/or 

  
 47 

 
any Grantor or such New ABL Agent shall reasonably request in order to provide to the New ABL Agent the rights contemplated hereby, in each case consistent in all material respects with the terms
of this Agreement and (ii) deliver to the New ABL Agent any Pledged Collateral (to the extent constituting ABL Priority Collateral) held by such Term Loan Agent, together with any necessary endorsements (or otherwise allow the New ABL Agent to
obtain control of such Pledged Collateral). The New ABL Agent shall agree to be bound by the terms of this Agreement. If the new ABL Claims under the new ABL Loan Documents are secured by assets of the Grantors of the type constituting ABL Priority
Collateral that do not also secure the Term Loan Claims, then each of the Term Loan Claims shall be secured at such time by a Lien on such assets to the same extent provided in the Term Loan Collateral Documents with respect to the other ABL
Priority Collateral. If the new ABL Claims under the new ABL Loan Documents are secured by assets of the Grantors of the type constituting Term Loan Priority Collateral that do not also secure each of the Term Loan Claims, then each of the Term Loan
Claims shall be secured at such time by a Lien on such assets to the same extent provided in the Term Loan Collateral Documents with respect to the other Term Loan Priority Collateral. 

(h)      Notwithstanding the provisions herein related to Future Term Indebtedness, this
Agreement does not constitute (i) the intercreditor agreement required by Section 6.02(31) of the Initial Term Loan Credit Agreement (or by the definitions of the terms “Credit Agreement Refinancing Indebtedness”,
“Incremental Equivalent Term Debt” and “Permitted Refinancing Indebtedness,” in each case as defined in the Initial Term Loan Credit Agreement) with respect to any Future Term Indebtedness that is to be secured on a pari passu
basis with the Term Loan Claims contemplated by clause (i) of the definition of “Term Loan Claims,” or (ii) a Term Loan Pari Passu Intercreditor Agreement. In connection with the incurrence of any Future Term Loan Indebtedness,
the Term Loan Pari Passu Intercreditor Agreement required in connection therewith by the terms of the applicable Term Loan Documents shall be executed and delivered by the applicable Term Loan Agents concurrently with the delivery of an
Intercreditor Agreement Joinder for such Future Term Indebtedness pursuant to Section 9.3(d)(ii)(y). 

(i) In connection with the incurrence of any Future Junior Lien Indebtedness, (i) the Company shall designate the
agreement under which such Future Junior Lien Indebtedness is incurred to the ABL Agent and the Term Loan Agents and (ii) the Junior Lien Intercreditor Agreement (or a joinder thereto, if such agreement is already in effect) required in
connection therewith by the terms of the ABL Loan Documents and Term Loan Documents shall be executed and delivered by the ABL Agent, the Term Loan Agents, and any representative or agent in respect of such Future Junior Lien Indebtedness (and
agreed to and acknowledged by the Company) concurrently with the incurrence of such Future Junior Lien Indebtedness.     

9.4.      Information Concerning Financial Condition of the Company and the
Subsidiaries. Neither the ABL Agent nor any ABL Lender shall have any obligation to any Term Loan Agent or any Term Loan Lender to keep any Term Loan Agent or any Term Loan Lender informed of, and each Term Loan Agent and the Term Loan
Lenders shall not be entitled to rely on, the ABL Agent or the ABL Lenders with respect to, (a) the financial condition of the Company and the Subsidiaries and all endorsers and/or guarantors of the ABL Claims or the Term Loan Claims and
(b) all other circumstances bearing upon the risk of nonpayment of the 

  
 48 

 
ABL Claims or the Term Loan Claims. No Term Loan Agent or any Term Loan Lender shall have any obligation to the ABL Agent or any ABL Lender to keep the ABL Agent or any ABL Lender informed of,
and the ABL Agent and the ABL Lenders shall not be entitled to rely on, any Term Loan Agent or the Term Loan Lenders with respect to, (a) the financial condition of the Company and the Subsidiaries and all endorsers and/or guarantors of the ABL
Claims or the Term Loan Claims and (b) all other circumstances bearing upon the risk of nonpayment of the ABL Claims or the Term Loan Claims. The ABL Agent, the ABL Lenders, the Term Loan Agents and the Term Loan Lenders shall have no duty to
advise any other party hereunder of information known to it or them regarding such condition or any such circumstances or otherwise. In the event that the ABL Agent, any ABL Lender, any Term Loan Agent or any Term Loan Lender, in its or their sole
discretion, undertakes at any time or from time to time to provide any such information to any other party (and the Company acknowledges that any such party may do so), it or they shall be under no obligation (w) to make, and the ABL Agent, the
ABL Lenders, the Term Loan Agents and the Term Loan Lenders shall not make, any express or implied representation or warranty, including with respect to the accuracy, completeness, truthfulness or validity of any such information so provided,
(x) to provide any additional information or to provide any such information on any subsequent occasion, (y) to undertake any investigation or (z) to disclose any information that, pursuant to accepted or reasonable commercial finance
practices, such party wishes to maintain confidential or is otherwise required to maintain confidential. The Grantors agree that any information provided to the ABL Agent, the Term Loan Agents, any other ABL Lender or any other Term Loan Lender may
be shared by such person with any of the other Lenders notwithstanding a request or demand by such Grantor that such information be kept confidential; provided that such information shall otherwise be subject to the respective confidentiality
provisions in the ABL Credit Agreement and the Term Loan Credit Agreement, as applicable. 

9.5.      Subrogation. Each Term Loan Agent, for and on behalf of itself and the
applicable Term Loan Lenders, agrees that no payment to the ABL Agent or any ABL Lender pursuant to the provisions of this Agreement shall entitle such Term Loan Agent or any Term Loan Lender to exercise any rights of subrogation in respect thereof
until the Discharge of ABL Claims shall have occurred. Following the Discharge of ABL Claims, the ABL Agent agrees to execute such documents, agreements, and instruments as any Term Loan Agent or any Term Loan Lender may reasonably request to
evidence the transfer by subrogation to any such Person of an interest in the ABL Claims resulting from payments to the ABL Agent by such Person, so long as all costs and expenses (including all reasonable legal fees and disbursements)
incurred in connection therewith by the ABL Agent are paid by such Person upon request for payment thereof. The ABL Agent, for and on behalf of itself and the applicable ABL Lenders, agrees that no payment to any Term Loan Agent or any Term Loan
Lender pursuant to the provisions of this Agreement shall entitle the ABL Agent or any ABL Lender to exercise any rights of subrogation in respect thereof until the Discharge of Term Loan Claims shall have occurred. Following the Discharge of Term
Loan Claims, each Term Loan Agent agrees to execute such documents, agreements, and instruments as the ABL Agent or any ABL Lender may reasonably request to evidence the transfer by subrogation to any such Person of an interest in the Term
Loan Claims resulting from payments to the applicable Term Loan Agent by such Person, so long as all costs and expenses (including all reasonable legal fees and disbursements) incurred in connection therewith by such Term Loan Agent are paid by such
Person upon request for payment thereof. 

  
 49 

 9.6.      Application of Payments.

 (a)      Except as otherwise provided herein, all payments received by the ABL Lenders may
be applied, reversed and reapplied, in whole or in part, to such part of the ABL Claims as the ABL Lenders, in their sole discretion, deem appropriate, consistent with the terms of the ABL Loan Documents. Except as otherwise provided herein, each
Term Loan Agent, on behalf of itself and each applicable Term Loan Lender, assents to any such extension or postponement of the time of payment of the ABL Claims or any part thereof and to any other indulgence with respect thereto, to any
substitution, exchange or release of any security that may at any time secure any part of the ABL Claims and to the addition or release of any other Person primarily or secondarily liable therefor. 

(b)      Except as otherwise provided herein, all payments received by the Term Loan Lenders
may be applied, reversed and reapplied, in whole or in part, to such part of the Term Loan Claims as the Term Loan Lenders, in their sole discretion, deem appropriate, consistent with the terms of the Term Loan Documents. Except as otherwise
provided herein, the ABL Agent, on behalf of itself and each applicable ABL Lender, assents to any such extension or postponement of the time of payment of the Term Loan Claims or any part thereof and to any other indulgence with respect thereto, to
any substitution, exchange or release of any security that may at any time secure any part of the Term Loan Claims and to the addition or release of any other Person primarily or secondarily liable therefor. 

9.7.      Consent to Jurisdiction; Waivers. The parties hereto consent to the exclusive
jurisdiction of any state or federal court located in New York, New York (the “New York Courts”), and consent that all service of process may be made by registered mail directed to such party as provided in Section 9.8
for such party. Service so made shall be deemed to be completed three days after the same shall be posted as aforesaid. The parties hereto waive any objection to any action instituted hereunder in any such court based on forum non conveniens, and
any objection to the venue of any action instituted hereunder in any such court. Each of the parties hereto waives any right it may have to trial by jury in respect of any litigation based on, or arising out of, under or in connection with this
Agreement, or any course of conduct, course of dealing, verbal or written statement or action of any party hereto in connection with the subject matter hereof. 

9.8.      Notices. All notices to the ABL Lenders and the Term Loan Lenders permitted or
required under this Agreement may be sent to the ABL Agent or the applicable Term Loan Agent as provided in the ABL Credit Agreement or the Term Loan Credit Agreement. Unless otherwise specifically provided herein, any notice or other communication
herein required or permitted to be given shall be in writing and may be personally served, telecopied, electronically mailed or sent by courier service or U.S. mail and shall be deemed to have been given when delivered in person or by courier
service, upon receipt of a telecopy or electronic mail or upon receipt via U.S. mail (registered or certified, with postage prepaid and properly addressed). For the purposes hereof, the addresses of the parties hereto shall be as set forth below
each party’s name on the signature pages hereto, or, as to each party, at such other address as may be designated by such party in a written notice to all of the other parties. Each First Priority Agent hereby agrees to promptly notify each
Second Priority Agent upon payment in full in cash or immediately available funds of all Indebtedness under the applicable First 

  
 50 

 
Priority Documents (except for contingent indemnities and cost and reimbursement obligations to the extent no claim therefor has been made). 

9.9.      Further Assurances. The ABL Agent, on behalf of itself and each applicable ABL
Lender, and each Term Loan Agent, on behalf of itself and each applicable Term Loan Lender, agrees that each of them shall take such further action and shall execute and deliver to the ABL Agent, the ABL Lenders, each Term Loan Agent and the Term
Loan Lenders such additional documents and instruments (in recordable form, if requested) as the ABL Agent, the ABL Lenders, each Term Loan Agent or the Term Loan Lenders may reasonably request, at the expense of the Company, to effectuate the terms
of and the Lien priorities contemplated by this Agreement. 
 9.10.      Governing
Law. This Agreement has been delivered and accepted in and shall be deemed to have been made in New York, New York and shall be interpreted, and the rights and liabilities of the parties bound hereby determined, in accordance with the laws of
the State of New York. 
 9.11.      Specific Performance. Each First Priority Agent
may demand specific performance of this Agreement. Each Second Priority Agent, on behalf of itself and each applicable Second Priority Lender, hereby irrevocably waives any defense based on the adequacy of a remedy at law and any other defense that
might be asserted to bar the remedy of specific performance in any action that may be brought by the First Priority Agent. 

9.12.      Section Titles. The section titles contained in this Agreement are and shall
be without substantive meaning or content of any kind whatsoever and are not a part of this Agreement. 

9.13.      Counterparts. This Agreement may be executed in one or more counterparts,
including by means of facsimile or other electronic transmission, each of which shall be an original and all of which shall together constitute one and the same document. 

9.14.      Authorization. By its signature, each Person executing this Agreement on
behalf of a party hereto represents and warrants to the other parties hereto that it is duly authorized to execute this Agreement. The ABL Agent represents and warrants that this Agreement is binding upon the applicable ABL Lenders. Each Term Loan
Agent represents and warrants that this Agreement is binding upon the applicable Term Loan Lenders. 

9.15.      No Third Party Beneficiaries; Successors and Assigns. This Agreement and the
rights and benefits hereof shall inure to the benefit of, and be binding upon, the ABL Agent, Term Loan Agents, ABL Lenders and Term Loan Lenders and their respective successors and assigns and shall inure to the benefit of each of, and be binding
upon, the holders of ABL Claims and Term Loan Claims. Other than as set forth in Section 9.3, none of the Company, any other Grantor or any other creditor thereof shall have any rights hereunder and neither the Company nor any Grantor
may rely on the terms hereof. No other Person shall have or be entitled to assert rights or benefits hereunder. Without limiting the generality of the foregoing, any person to whom a Lender assigns or otherwise transfers all or any portion of the
ABL Claims or the Term Loan Claims, as applicable, in accordance with the applicable ABL Loan 

  
 51 

 
Documents or Term Loan Documents, as the case may be, shall become vested with all the rights and obligations in respect thereof granted to such Lenders, without any further consent or action of
the other Lenders. 
 9.16.      Effectiveness. This Agreement shall become effective
when executed and delivered by the parties hereto. This Agreement shall be effective both before and after the commencement of any Insolvency or Liquidation Proceeding. All references to the Company or any other Grantor shall include the Company or
any other Grantor as debtor and debtor-in-possession and any receiver or trustee for the Company or any other Grantor (as the case may be) in any Insolvency or
Liquidation Proceeding. 
 9.17.      ABL Agent and Term Loan Agents. It is understood
and agreed that (i) Citibank, N.A., is entering into this Agreement in its capacity as administrative agent under the ABL Credit Agreement and the provisions of Article IX of the ABL Credit Agreement applicable to Citibank, N.A., as
administrative agent thereunder shall also apply to Citibank, N.A., as the ABL Agent hereunder and (ii) Citibank, N.A., is entering into this Agreement in its capacity as administrative agent under the Term Loan Credit Agreement and the
provisions of Article IX of the Term Loan Credit Agreement applicable to Citibank, N.A., as administrative agent thereunder shall also apply to Citibank, N.A., as a Term Loan Agent hereunder. 

9.18.      Relationship with Other Intercreditor Agreements. (a) The purpose of
this Agreement is to define the relative rights and priorities between the ABL Lenders as one class and the Term Loan Lenders as another class.     

(b)        Solely as among the Term Loan Lenders holding Term Loan Claims, the Term
Loan Pari Passu Intercreditor Agreement shall define the relative rights and priorities of such Term Loan Lenders (as amongst each other) with respect to the Collateral; provided that as among any Term Loan Lenders party to the same Term Loan
Credit Agreement, such Term Loan Credit Agreement shall define the relative rights and priorities of such Term Loan Lenders (as among each other) with respect to the Collateral. As among the Term Loan Lenders, nothing herein (including, without
limitation, Section 6.8) is intended to alter their relative rights and obligations, which shall continue to be governed by the Term Loan Pari Passu Intercreditor Agreement (if then in effect), or to require that such rights and
obligations be treated as a single class in any Insolvency or Liquidation Proceeding. 

9.19.      Relative Rights. Notwithstanding anything in this Agreement to the contrary
(except to the extent contemplated by Section 5.3(d) or (e)), nothing in this Agreement is intended to or will (a) amend, waive or otherwise modify the provisions of the ABL Credit Agreement, the Term Loan Credit Agreement or
any other ABL Loan Document or Term Loan Document or permit Holdings, the Company or any other Subsidiary to take any action, or fail to take any action, to the extent such action or failure would otherwise constitute a breach of, or default under,
the ABL Credit Agreement or any other ABL Loan Documents, the Term Loan Credit Agreement or any other Term Loan Document, (b) change the relative priorities of the ABL Claims or the Liens granted under the ABL Loan Documents on the Common
Collateral (or any other assets) as among the ABL Lenders or change the relative priorities of the Term Loan Claims or the Liens granted under the Term Loan Documents on the Common Collateral (or any other assets) as among the Term Loan Lenders,
(c) otherwise change the relative rights of 

  
 52 

 
the ABL Lenders in respect of the Common Collateral as among such ABL Lenders or the relative rights of the Term Loan Lenders in respect of the Common Collateral as among such Term Loan Lenders
or (d) obligate Holdings, the Company or any Subsidiary to take any action, or fail to take any action, that would otherwise constitute a breach of, or default under, the ABL Credit Agreement or any other ABL Loan Document or the Term Loan
Credit Agreement or any other Term Loan Document. None of Holdings, the Company or any Subsidiary shall have any rights hereunder except as expressly set forth herein (including as set forth in Section 9.3). 

9.20.      Supplements. Upon the execution by any Subsidiary of the Company of an
Intercreditor Agreement Joinder, such Subsidiary shall be a party to this Agreement and shall be bound by the provisions hereof to the same extent as the Company and each other Grantor are so bound. 

9.21.      Acknowledgement and Consent to Bail-In of
EEA Financial Institutions. For the avoidance of doubt, this Agreement is a Loan Document under the Credit Agreements, and Section 10.25 of the ABL Credit Agreement and Section 10.24 of the Term Loan Credit Agreement apply to this
Agreement and the provisions of such Sections are incorporated by reference and deemed part of this Agreement as if set forth herein. 

[remainder of page intentionally left blank] 

  
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 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first
above written. 
  

							
		  	CITIBANK, N.A., as the Term Loan Agent
			
		  	By:	 	 /s/ Caesar Wyszomirski

		  		 	Name:	 	Caesar Wyszomirski
		  		 	Title:	 	Director
		
		  	Address:
		
		  	Citibank, N.A. as Administrative Agent
		  	Attention: Loan Administration
		  	1615 Brett Road, Building III,
		  	New Castle DE 19720,
		  	Phone: (302) 894-6010
		  	Fax: (212) 994-0961
		  	e-mail address: global.loans.support@citi.com
		
		  	CITIBANK, N.A., as the ABL Agent
			
		  	By:	 	 /s/ K. Kelly Gunness

		  		 	Name:	 	K. Kelly Gunness
		  		 	Title:	 	Vice President and Director
		
		  	Address:
		
		  	Citibank, N.A. as Administrative Agent
		  	Attention: Loan Administration
		  	1615 Brett Road, Building III,
		  	New Castle DE 19720,
		  	Phone: (302) 894-6010
		  	Fax: (212) 994-0961
		  	e-mail address: global.loans.support@citi.com

  
 [Signature Page to
Intercreditor Agreement] 

					
	 Acknowledged and agreed:
	  	
		
	 PET ACQUISITION MERGER SUB LLC (which on the Closing Date shall be merged with and into PETCO HOLDINGS, INC.,
with PETCO HOLDINGS, INC., surviving such merger as Holdings)
	  	
			
	 By:
	 	 /s/ Cameron
Breitner                    
	  	
	 Name:
	 	 Cameron Breitner
	  	
	 Title:
	 	 President
	  	
		
	 The undersigned hereby confirms that, pursuant to Section 10.22 of the Term Loan Credit Agreement and
Section 10.23 of the ABL Credit Agreement, it hereby assumes all of the rights and obligations of PET ACQUISITION MERGER SUB LLC and hereby acknowledges and agrees to this Agreement.
	  	
		
	 PETCO ANIMAL SUPPLIES, INC.
	  	
			
	 By:
	 	
                       
                                  
	  	
	 Name:
	 	 Michael Nuzzo
	  	
	 Title:
	 	 Chief Financial Officer
	  	
		
	 The undersigned hereby confirms that, as a result of its merger with PET ACQUISITION MERGER SUB LLC on the
Closing Date, it hereby assumes all of the rights and obligations of PET ACQUISITION MERGER SUB LLC under this Agreement (in furtherance of, and not in lieu of, any assumption or deemed assumption as a matter of law) and hereby acknowledges and
agrees to this Agreement.
	  	
		
	 PETCO HOLDINGS, INC.
	  	
			
	 By:
	 	 /s/ Cameron
Breitner                    
	  	
	 Name:
	 	 Cameron Breitner
	  	
	 Title:
	 	 President
	  	

  
 [Signature Page to
Intercreditor Agreement] 

					
	 Acknowledged and agreed:
	  	
		
	 PET ACQUISITION MERGER SUB LLC (which on the Closing Date shall be merged with and into PETCO HOLDINGS, INC.,
with PETCO HOLDINGS, INC., surviving such merger as Holdings)
	  	
			
	 By:
	 	
                       
                              
	  	
	 Name:
	 	 Cameron Breitner
	  	
	 Title:
	 	 President
	  	
		
	 The undersigned hereby confirms that, pursuant to Section 10.22 of the Term Loan Credit Agreement and
Section 10.23 of the ABL Credit Agreement, it hereby assumes all of the rights and obligations of PET ACQUISITION MERGER SUB LLC and hereby acknowledges and agrees to this Agreement.
	  	
		
	 PETCO ANIMAL SUPPLIES, INC.
	  	
			
	 By:
	 	 /s/ Michael
Nuzzo                        
	  	
	 Name:
	 	 Michael Nuzzo
	  	
	 Title:
	 	 Chief Financial Officer
	  	
		
	 The undersigned hereby confirms that, as a result of its merger with PET ACQUISITION MERGER SUB LLC on the
Closing Date, it hereby assumes all of the rights and obligations of PET ACQUISITION MERGER SUB LLC under this Agreement (in furtherance of, and not in lieu of, any assumption or deemed assumption as a matter of law) and hereby acknowledges and
agrees to this Agreement.
	  	
		
	 PETCO HOLDINGS, INC.
	  	
			
	 By:
	 	
                       
                              
	  	
	 Name:
	 	 Cameron Breitner
	  	
	 Title:
	 	 President
	  	

  
 [Signature Page to
Intercreditor Agreement] 

					
	  PETCO WELLNESS, LLC	  	
			
	By:	 	/s/ Patricia A. Ward                    	  	
	Name:	 	Patricia A. Ward	  	
	Title:	 	President	  	
		
	PETCO ANIMAL SUPPLIES STORES, INC.	  	
			
	By:	 	/s/ Patricia A. Ward                    	  	
	Name:	 	Patricia A. Ward	  	
	Title:	 	President	  	
	
	INTERNATIONAL PET SUPPLIES AND DISTRIBUTION, INC.
			
	By:	 	/s/ Patricia A. Ward                    	  	
	Name:	 	Patricia A. Ward	  	
	Title:	 	President	  	
		
	STORES SHIPPING SERVICES, LLC	  	
			
	By:	 	/s/ Patricia A. Ward                    	  	
	Name:	 	Patricia A. Ward	  	
	Title:	 	President	  	
		
	PETCO SUPPORT SERVICES, LLC	  	
			
	By:	 	/s/ Patricia A. Ward                    	  	
	Name:	 	Patricia A. Ward	  	
	Title:	 	President	  	
		
	PETCO PUERTO RJCO, LLC	  	
			
	By:	 	/s/ Patricia A. Ward                    	  	
	Name:	 	Patricia A. Ward	  	
	Title:	 	President	  	

  
 [Signature Page to
Intercreditor Agreement] 

					
	        E-PET SERVICES, LLC	  	
		
	 by PETCO ANIMAL SUPPLIES STORES, INC., as its sole member
	  	
			
	By:	 	/s/ Patricia A. Ward                    	  	
	Name:	 	Patricia A. Ward	  	
	Title:	 	Authorized Signatory	  	
		
	PETCO ASIA, LLC	  	
			
	By:	 	/s/ Patricia A. Ward                    	  	
	Name:	 	Patricia A. Ward	  	
	Title:	 	President	  	
		
	PETCO REAL ESTATE HOLDINGS I LLC	  	
			
	By:	 	/s/ Patricia A. Ward                    	  	
	Name:	 	Patricia A. Ward	  	
	Title:	 	President	  	
		
	PETCO REAL ESTATE HOLDINGS II LLC	  	
			
	By:	 	/s/ Patricia A. Ward                    	  	
	Name:	 	Patricia A. Ward	  	
	Title:	 	President	  	
		
	PETCO REAL ESTATE HOLDINGS III LLC	  	
			
	By:	 	/s/ Patricia A. Ward                    	  	
	Name:	 	Patricia A. Ward	  	
	Title:	 	President	  	

  
 [Signature Page to
Intercreditor Agreement]

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