Document:

EX-10.6

 Exhibit 10.6 

HAT HOLDINGS LIMITED GUARANTY 
 FOR VALUE
RECEIVED, the sufficiency of which is hereby acknowledged, and in consideration of credit and/or financial accommodation heretofore or hereafter from time to time made or granted to HASI CF I Borrower LLC, a limited liability company organized and
existing under the laws of the State of Delaware (“Borrower HASI”), and HAT CF I Borrower LLC, a limited liability company organized and existing under the laws of the State of Delaware (“Borrower HAT” and together
with Borrower HASI, the “Borrowers”) by the lenders party to that certain Loan Agreement (as defined in Annex A) from time to time, including without limitation Bank of America, N.A. (collectively the
“Lender”), HAT Holdings I LLC, a limited liability company organized and existing under the laws of the State of Maryland (the “Guarantor”) hereby furnishes its guaranty of the Guaranteed Obligations (as hereinafter
defined) as follows: 
 1. Definitions. Terms used herein shall have the meanings set forth on Annex A attached hereto. Terms
used but not defined in this Guaranty shall have the meanings set forth in the Loan Agreement (G&I) dated as of July [    ], 2013, by and among the Borrowers and Bank of America, N.A., as administrative agent (in such
capacity, and including any permitted successors or assigns, the “Administrative Agent”) and the Lenders (as amended, supplemented, amended and restated or otherwise modified from time to time, the “Loan
Agreement”), and the rules of construction set forth therein shall apply hereto. 
 2. Guaranty. The Guarantor hereby
absolutely and unconditionally guarantees, as a guaranty of payment and performance and not merely as a guaranty of collection, prompt payment when due, whether at stated maturity, by required prepayment, upon acceleration, demand or otherwise, and
at all times thereafter, of any and all existing and future indebtedness and liabilities (including without limitation the Obligations) of every kind, nature and character, direct or indirect, absolute or contingent, liquidated or unliquidated,
voluntary or involuntary and whether for principal, interest, premiums, fees indemnities, damages, costs, expenses or otherwise, of the Obligors to the Secured Parties, whether associated with any credit or other financial accommodation made to or
for the benefit of the Obligors by the Secured Parties or otherwise and whenever created, arising, evidenced or acquired (including all renewals, extensions, amendments, refinancings and other modifications thereof and all reasonable and documented,
out of pocket third-party fees costs and expenses, including attorneys’ fees and expenses incurred by the Secured Parties in connection with the collection or enforcement thereof), in each case, under and pursuant to the Loan Documents, and
whether recovery upon such indebtedness and liabilities may be or hereafter become unenforceable or shall be an allowed or disallowed claim under any proceeding or case commenced by or against the Guarantor or any other Obligor under the Bankruptcy
Code (Title 11, United States Code), any successor statute or any other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief
laws of the United States or other applicable jurisdictions from time to time in effect and affecting the rights of creditors generally (collectively, “Debtor Relief Laws”), and including interest that accrues after the commencement
by or against any Obligor of any proceeding under any Debtor Relief Laws (collectively, the “Guaranteed Obligations”). The 

 
Lender’s books and records showing the amount of the Guaranteed Obligations shall be admissible in evidence in any action or proceeding, and shall be binding upon the Guarantor and
conclusive, absent manifest error, for the purpose of establishing the amount of the Guaranteed Obligations. This Guaranty shall not be affected by the genuineness, validity, regularity or enforceability of the Guaranteed Obligations or any
instrument or agreement evidencing any Guaranteed Obligations, or by the existence, validity, enforceability, perfection, non-perfection or extent of any collateral therefor, or by any fact or circumstance relating to the Guaranteed Obligations
which might otherwise constitute a defense to the obligations of the Guarantor under this Guaranty, and the Guarantor hereby irrevocably waives any defenses it may now have or hereafter acquire in any way relating to any or all of the foregoing.
Notwithstanding any other provision contained herein, enforcement of the Guarantor’s obligations hereunder shall be limited to the Collateral Agent’s exercise of remedies pursuant to that certain Pledge Agreement, dated as of the date
hereof, among the Guarantor, Borrower HAT, and The Bank of New York Mellon, as Collateral Agent. 
 3. No Setoff or Deductions; Taxes;
Payments. The Guarantor represents and warrants that it is organized and resident in the United States of America. The Guarantor shall make all payments hereunder in accordance with Section 5.7 of the Loan Agreement
which provisions shall be herein incorporated by reference mutatis mutandis. The obligations of the Guarantor under this paragraph shall survive the payment in full of the Guaranteed Obligations and termination of this
Guaranty. 
 4. Rights of Lender. The Guarantor consents and agrees that the Secured Parties may, at any time and from time to
time, without notice or demand, and without affecting the enforceability or continuing effectiveness hereof: (a) amend, extend, renew, compromise, discharge, accelerate or otherwise change the time for payment or the terms of the Guaranteed
Obligations or any part thereof; (b) take, hold, exchange, enforce, waive, release, fail to perfect, sell, or otherwise dispose of any security for the payment of this Guaranty or any Guaranteed Obligations; (c) apply such security and
direct the order or manner of sale thereof as the Lenders in their sole discretion may determine; and (d) release or substitute one or more of any endorsers or other guarantors of any of the Guaranteed Obligations. Without limiting the
generality of the foregoing, the Guarantor consents to the taking of, or failure to take, any action which might in any manner or to any extent vary the risks of the Guarantor under this Guaranty or which, but for this provision, might operate as a
discharge of the Guarantor. 
 5. Certain Waivers. The Guarantor waives (a) any defense arising by reason of any
disability or other defense of any Obligor or any other guarantor, or the cessation from any cause whatsoever (including any act or omission of the Lender) of the liability of any Obligor; (b) any defense based on any claim that the
Guarantor’s obligations exceed or are more burdensome than those of the Obligors; (c) the benefit of any statute of limitations affecting the Guarantor’s liability hereunder; (d) any right to require a Secured Party to proceed
against one or more of the Borrowers or other Obligors, proceed against or exhaust Party to any security for the Guaranteed Obligations, or pursue any other remedy in any Secured Party’s power whatsoever; (e) any benefit of and any right
to participate in any security now or hereafter held by the Secured Parties; and (f) to the fullest extent permitted by law, any and all other defenses or benefits that may be derived from or afforded by applicable law limiting the liability of
or exonerating guarantors or sureties. The Guarantor expressly waives all setoffs and counterclaims and all 

  
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presentments, demands for payment or performance, notices of nonpayment or nonperformance, protests, notices of protest, notices of dishonor and all other notices or demands of any kind or nature
whatsoever with respect to the Guaranteed Obligations, and all notices of acceptance of this Guaranty or of the existence, creation or incurrence of new or additional Guaranteed Obligations. 

6. Obligations Independent. The obligations of the Guarantor hereunder are those of primary obligor, and not merely as surety, and are
independent of the Guaranteed Obligations and the obligations of any other guarantor, and a separate action may be brought against the Guarantor to enforce this Guaranty whether or not the Obligors or any other person or entity is joined as a
party. 
 7. Subrogation. The Guarantor shall not exercise any right of subrogation, contribution, indemnity, reimbursement or
similar rights with respect to any payments it makes under this Guaranty until all of the Guaranteed Obligations and any amounts payable under this Guaranty have been indefeasibly paid in cash and performed in full and any commitments of the Lender
or facilities provided by the Lender with respect to the Guaranteed Obligations are terminated. If any amounts are paid to the Guarantor in violation of the foregoing limitation, then such amounts shall be held in trust for the benefit of the
Secured Parties and shall forthwith be paid to the Administrative Agent, for the benefit of the Secured Parties to reduce the amount of the Guaranteed Obligations, whether matured or unmatured.  

8. Termination; Reinstatement. This Guaranty is a continuing and irrevocable guaranty of all Guaranteed Obligations now or hereafter
existing and shall remain in full force and effect until all Guaranteed Obligations, including, without limitation, any other amounts payable under this Guaranty are indefeasibly paid in full in cash and any commitments of the Lender or facilities
provided by the Lender with respect to the Guaranteed Obligations are terminated, as evidenced by a letter agreement among the Guarantor and the Administrative Agent (the “Payoff Letter”). Notwithstanding the foregoing, this
Guaranty shall continue in full force and effect or be revived, as the case may be, if any payment by or on behalf of the Obligors or the Guarantor is made, or any Lender exercises its right of setoff, in respect of the Guaranteed Obligations and
such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by the applicable Lender in its
discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Laws or otherwise, all as if such payment had not been made or such setoff had not occurred and whether or not the Secured
Parties are in possession of or have released this Guaranty and regardless of any prior revocation, rescission, termination or reduction. The obligations of the Guarantor under this paragraph shall survive termination of this Guaranty in accordance
with the Payoff Letter.  
 9. Subordination. Without in any way limiting the obligations of the Obligors under the Loan
Documents, the Guarantor hereby subordinates the payment of all obligations and indebtedness of the Obligors owing to the Guarantor, whether now existing or hereafter arising, including but not limited to any obligation of any Obligor to a Guarantor
as subrogee of a Secured Party or resulting from the Guarantor’s performance under this Guaranty, to the indefeasible payment in full in cash of all Guaranteed Obligations. If a Secured Party so

  
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requests, any such obligation or indebtedness of the Obligors to the Guarantor shall be enforced and performance received by the Guarantor as trustee for the Secured Parties and the proceeds
thereof shall be paid over to the Administrative Agent, for the benefit of the Secured Parties on account of the Guaranteed Obligations, but without reducing or affecting in any manner the liability of the Guarantor under this Guaranty. For the
avoidance of doubt, this Section 9 shall not be deemed to apply to any Restricted Payment to the Guarantor to the extent that such Restricted Payment is permitted to be distributed to the Guarantor in accordance with the Loan Documents.

 10. Stay of Acceleration. In the event that acceleration of the time for payment of any of the Guaranteed Obligations is stayed,
in connection with any case commenced by or against the Guarantor or any Borrower Party under any Debtor Relief Laws, or otherwise, all such amounts shall nonetheless be payable by the Guarantor immediately upon demand by the Secured Parties.

 11. Expenses. The Guarantor shall pay within ten (10) Business Days of request all reasonable and documented
out-of-pocket fees and expenses (including attorneys’ fees and expenses) in any way relating to the enforcement or protection of the Secured Parties’ rights under this Guaranty or in respect of the Guaranteed Obligations, including any
incurred during any “workout” or restructuring in respect of the Guaranteed Obligations and any incurred in the preservation, protection or enforcement of any rights of the Lender in any proceeding any Debtor Relief Laws. The obligations
of the Guarantor under this paragraph shall survive the payment in full of the Guaranteed Obligations and termination of this Guaranty. 

12. Miscellaneous. No provision of this Guaranty may be waived, amended, supplemented or modified, except by a written instrument
executed by the Administrative Agent and the Guarantor. No failure by any Secured Party to exercise, and no delay in exercising, any right, remedy or power hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any
right, remedy or power hereunder preclude any other or further exercise thereof or the exercise of any other right, power or remedy. The remedies herein provided are cumulative and not exclusive of any remedies provided by law or in equity. The
unenforceability or invalidity of any provision of this Guaranty shall not affect the enforceability or validity of any other provision herein. Unless otherwise agreed by the Lender, Administrative Agent and the Guarantor in writing, this Guaranty
is not intended to supersede or otherwise affect any other guaranty now or hereafter given by the Guarantor for the benefit of any Secured Party or any term or provision thereof. 

13. Condition of Borrowers. The Guarantor acknowledges and agrees that it has the sole responsibility for, and has adequate means of,
obtaining from the Obligors such information concerning the financial condition, business and operations of each Obligor as the Guarantor requires, and that no Secured Party has any duty, and the Guarantor is not relying on any Secured Party at any
time, to disclose to the Guarantor any information relating to the business, operations or financial condition of any Obligor or any other guarantor (the guarantors waiving any duty on the part of the Secured Parties to disclose such information and
any defense relating to the failure to provide the same). 

  
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 14. Setoff. If and to the extent any payment is not made when due hereunder, the
Administrative Agent and each Lender is authorized, to the fullest extent permitted by Applicable Law, to set off and apply any and all accounts and deposits (general or special, time or demand, provisional or final, in whatever currency) at any
time held and other obligations (in whatever currency) at any time owing by the Administrative Agent or such Lender to or for the credit or the account of the Guarantor, against any amount so due, whether or not such Lender shall have made any
demand under any Loan Document and although such amount may be owed to a branch or office of the Administrative Agent or such Lender different from the branch or office holding such deposit or obligated on such indebtedness. The rights of
Administrative Agent and the Lender under this Section 14 are in addition to other rights and remedies (including other rights of setoff) that such Person may have. The Administrative Agent and the Lenders agree to use reasonable efforts
to notify the Guarantor promptly after such setoff and application; provided that (i) the failure to give such notice shall not affect the validity of such setoff and application and (ii) neither the Administrative Agent nor any
Lender shall have any liability in the event of any failure to give such notice. 
 15. Representations; Warranties and Covenants.

 (a) General Representations and Warranties. In order to induce the Agents and Lenders to enter into the Loan Agreement and to make
each Advance to be made thereby, the Guarantor represents and warrants to each Agent and Lender, on the Loan Document Effective Date and each Credit Date (to the extent required under the Loan Documents), as applicable, that the following statements
are true and correct: 
 (i) Organization and Qualification. The Guarantor is duly organized, validly existing and in good standing
under the laws of the jurisdiction of its organization. The Guarantor is duly qualified, authorized to do business and in good standing as a foreign corporation in each jurisdiction where failure to be so qualified could reasonably be expected to
have a Material Adverse Effect. 
 (ii) Power and Authority. The Guarantor is duly authorized to execute, deliver and perform its
obligations under this Guaranty. The execution, delivery and performance of this Agreement has been duly authorized by all necessary corporate, limited liability company or partnerships, as applicable, action on the part of the Guarantor. 

(iii) Enforceability. This Guaranty is a legal, valid and binding obligation of the Guarantor, enforceable in accordance with its
terms, except as enforceability may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally. 

(iv) No Conflict. The execution, delivery and performance by the Guarantor of this Guaranty and the consummation of the transactions
contemplated hereby do not and will not (a) violate in any material respect (i) any provision of any Applicable Law to the Guarantor, (ii) any of the Organizational Documents of the Guarantor, or (iii) any order, judgment or
decree of any court or other agency of government binding on the Guarantor; (b) conflict with, result in a breach of or constitute (immediately or upon the giving of notice) a default in any material respect under any Contractual Obligation of
the Guarantor; (c) result in or require the creation or 

  
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imposition of any material Lien upon any of the properties or assets of the Guarantor (other than any Liens permitted by or created under any of the Loan Documents in favor of Collateral Agent,
on behalf of the Secured Parties); or (d) require any approval of stockholders, members or partners of the Guarantor except such approvals or consents which have been obtained on or prior to the date hereof and are in full force and effect.

 (v) Process Agent. The Guarantor has irrevocably appointed an agent for service of process in the State of New York in accordance
with Section 17, and has paid all required appointment fees for a period of one (1) year from the Loan Document Effective Date. 

16. Indemnification and Survival. Without limitation on any other obligations of the Guarantor or remedies of the Lender or any other
Secured Party under this Guaranty, the Guarantor shall to the fullest extent permitted by law, indemnify, defend and save and hold harmless each Secured Party from and against, and shall pay within ten (10) Business Days of request, any and all
damages, losses, liabilities and reasonable and documented, out of pocket third party fees, costs and expenses (including attorneys’ fees and expenses) that may be suffered or incurred by any Secured Party in connection with or as a result of
any failure of the Guarantor’s obligations under this Guaranty to be the legal, valid and binding obligations of the Guarantor enforceable against the Guarantor in accordance with its terms; provided that the scope of the indemnity set forth in
this Section 16 shall be limited to any and all claims that the Administrative Agent and Secured Parties could have asserted or demanded against the Guarantor in respect of the Guaranteed Obligations had the Guaranty been enforceable,
plus any fees, costs and expenses associated with the enforcement and collection of this indemnity; provided further that the parties hereto agree that the Administrative Agent and Lenders are not waiving, and this limitation shall not be deemed or
construed to be a waiver of, any rights, remedies or claims that the Administrative Agent or the Secured Parties could have asserted against the Guarantor under the Guaranty had the Guaranty been enforceable in accordance with its terms. The
obligations of the Guarantor under this paragraph shall survive termination of this Guaranty in accordance with the Payoff Letter. 

17. Process Agent Appointment. WITHOUT PREJUDICE TO ANY OTHER MODE OF SERVICE, THE GUARANTOR IRREVOCABLY APPOINTS CORPORATION SERVICE
COMPANY AS ITS AGENT FOR SERVICE OF PROCESS IN THE STATE OF NEW YORK; THE GUARANTOR AGREES THAT FAILURE BY ITS AGENT FOR SERVICE OF PROCESS TO NOTIFY THE GUARANTOR OF THE SERVICE OF PROCESS WILL NOT INVALIDATE THE PROCEEDINGS CONCERNED; AND THE
GUARANTOR CONSENTS TO THE SERVICE OF PROCESS RELATING TO ANY SUCH PROCEEDINGS BY MAILING OF COPIES THEREOF BY REGISTERED, CERTIFIED OR FIRST CLASS MAIL, POSTAGE PREPAID, TO SUCH GUARANTOR AT ITS ADDRESS SET FORTH HEREIN. 

18. GOVERNING LAW; Assignment; Jurisdiction; Notices. THIS GUARANTY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE
INTERNAL LAWS OF THE STATE OF NEW YORK. This Guaranty shall (a) bind the Guarantor and its successors and assigns, provided that the Guarantor may not assign its rights or obligations under this Guaranty without the prior written consent of the
Administrative Agent (and any attempted assignment without such consent shall be void), and (b) inure to the benefit 

  
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of the Administrative Agent and each Lender and their successors and assigns and Administrative Agent and each Lender may, without notice to the Guarantor and without affecting the
Guarantor’s obligations hereunder, assign, sell or grant participations in the Guaranteed Obligations and this Guaranty, in whole or in part (subject to the terms of the Loan Agreement). The Guarantor hereby irrevocably (i) submits to the
non-exclusive jurisdiction of any United States Federal or State court sitting in New York County, New York in any action or proceeding arising out of or relating to this Guaranty, and (ii) waives to the fullest extent permitted by law any
defense asserting an inconvenient forum in connection therewith. Service of process by Administrative Agent or any other Secured Party in connection with such action or proceeding shall be binding on the Guarantor if sent to the Guarantor by
registered or certified mail at its address specified below or such other address as from time to time notified by the Guarantor. The Guarantor agrees that Administrative Agent and each Lender may, subject to its obligations under
Section 15.13 of the Loan Agreement, disclose to any assignee of or participant in, or any prospective assignee of or participant in, any of its rights or obligations of all or part of the Guaranteed Obligations any and all information
in the Administrative Agent’s or such Lender’s possession concerning the Guarantor, this Guaranty and any security for this Guaranty. All notices and other communications to the Guarantor under this Guaranty shall be in writing and shall
be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by telecopier to the applicable Guarantor at its address set forth below or at such other address in the United States as may be specified by the
Guarantor in a written notice delivered to the Administrative Agent at such office as the Administrative Agent may designate for such purpose from time to time in a written notice to the Guarantor. 

19. WAIVER OF JURY TRIAL; FINAL AGREEMENT. TO THE EXTENT ALLOWED BY APPLICABLE LAW, THE GUARANTOR, ADMINISTRATIVE AGENT AND EACH LENDER
EACH IRREVOCABLY WAIVE TRIAL BY JURY WITH RESPECT TO ANY ACTION, CLAIM, SUIT OR PROCEEDING ON, ARISING OUT OF OR RELATING TO THIS GUARANTY OR THE GUARANTEED OBLIGATIONS. THIS GUARANTY REPRESENTS THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE
CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS BETWEEN THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES. 

20. Counterparts. This Guaranty may be executed in any number of counterparts, each of which shall collectively and separately
constitute one and the same agreement. 
 21. Performance. If any performance (other than payment) under this Guaranty is
specified to be made on a day which is not a Business Day, it shall be made on the next Business Day. 
 22. Severability. Any
provision of this Guaranty which is prohibited or unenforceable in any jurisdiction shall be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof in that jurisdiction or affecting the
validity or enforceability of such provision in any other jurisdiction. 
 23. Bankruptcy. The Guarantor acknowledges and
agrees that any interest on any portion of the Guaranteed Obligations which accrues after the commencement of any case or 

  
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proceeding under any Debtor Relief Laws (or, if interest on any portion of the Guaranteed Obligations ceases to accrue by operation of law by reason of the commencement of such case or
proceeding, such interest as would have accrued on such portion of the Guaranteed Obligations if such case or proceeding had not been commenced) shall be included in the Guaranteed Obligations because it is the intention of the Guarantor and
beneficiaries that the Guaranteed Obligations which are guaranteed by the Guarantor pursuant hereto should be determined without regard to any rule of law or order which may relieve Obligors of any portion of such Guaranteed Obligations. The
Guarantor will permit any trustee in bankruptcy, receiver, debtor in possession, assignee for the benefit of creditors or similar person to pay Agent, or allow the claim of Agent in respect of, any such interest accruing after the date on which such
case or proceeding is commenced. 
 24. Limitation on Guaranteed Obligations. Notwithstanding any provision herein contained to the
contrary, the Guarantor’s liability hereunder shall be limited to the amount which could be claimed by Agent and Secured Parties from the Guarantor under this Guaranty without rendering such claim voidable or avoidable under Section 548 of
Chapter 11 of the Bankruptcy Code or under any applicable state Uniform Fraudulent Transfer Act, Uniform Fraudulent Conveyance Act or similar statute or common law. 

[Remainder of page intentionally left blank; signatures begin on following page] 

  
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 IN WITNESS WHEREOF, this Guaranty has been executed and delivered as of the date set forth below. 

Executed this 19th day of July, 2013. 

 

			
	HAT HOLDINGS I LLC
		
	By:	 	 /s/ Jeffrey W. Eckel

	
	Jeffrey W. Eckel, President

 
			
		
	Address:	 	1906 Towne Centre Blvd, Suite 370,
		
		 	Annapolis, MD 21401
	
	Attention: Legal Department
	
	Email: legaldepartment@hannonarmstrong.com
	
	Facsimile: 410-571-6199

 ANNEX A 

DEFINITIONS 
 The following terms in this
Guaranty shall have the meanings set forth below: 
 “Administrative Agent” has the meaning set forth in the preamble to the Guaranty. 

“Borrower” or “Borrowers” has the meaning set forth in the preamble to the Guaranty. 

“Collateral Agent” has the meaning set forth in the preamble to the Guaranty. 

“Debtor Relief Laws” has the meaning set forth in Section 2. 

“Guaranteed Obligations” has the meaning set forth in Section 2. 

“Guarantor” has the meaning set forth in the preamble to the Guaranty. 

“Guaranty” means this HAT Holdings Limited Guaranty, dated as of July [    ], 2013 issued by the Guarantor. 

“Lender” has the meaning set forth in the preamble to the Guaranty. 

“Loan Agreement” has the meaning set forth in the preamble to the Guaranty. 

  
 A-1EX-10.7

 Exhibit 10.7 

FORM OF SECURITY AGREEMENT 

This SECURITY AGREEMENT, dated as of
[                    ], 2013 (as amended, amended and restated, supplemented or otherwise modified from time to time, this
“Agreement”), is entered into by and among HASI CF I Borrower LLC, a Delaware limited liability company (“Borrower HASI”), HAT CF I Borrower LLC, a Delaware limited liability company (“Borrower
HAT”, and together with Borrower HASI, the “Grantors”) and The Bank of New York Mellon, as Collateral Agent (in such capacity, and including any permitted successors or assigns, the “Collateral Agent”) for
the benefit of the Secured Parties (as defined below). 
 WHEREAS, each Grantor is, concurrently with the execution and delivery of this
Agreement, entering into that certain Loan Agreement (PF), dated as of the date hereof (as amended, supplemented, amended and restated or otherwise modified from time to time, the “Loan Agreement”), with the financial institutions
from time to time parties thereto (collectively, the “Lenders”), and Bank of America, N.A., as Administrative Agent for the Lenders pursuant to which the Lenders have agreed to make Loans on the terms and conditions set forth
therein; 
 WHEREAS, each Grantor has determined that its execution, delivery and performance of this Agreement directly or indirectly
benefits, and is within the best interests of, such Grantor; 
 WHEREAS, in order to induce the Secured Parties to enter into the Loan
Agreement and to secure the prompt and complete payment, observance and performance of the Obligations, each Grantor has agreed to grant a continuing security interest in and to the Collateral; and 

WHEREAS, it is a condition precedent for the effectiveness of the Loan Agreement that the parties hereto enter into this Agreement; 

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

1.01 Certain Uniform Commercial Code Terms. As used herein, the terms “Accession”, “Account”,
“As-Extracted Collateral”, “Chattel Paper”, “Commodity Account”, “Commodity Contract”, “Deposit Account”, “Document”, “Electronic Chattel
Paper”, “Equipment”, “Fixture”, “General Intangible”, “Goods”, “Instrument”, “Inventory”, “Investment Property”,
“Letter-of-Credit Right”, “Proceeds”, “Promissory Note” and “Supporting Obligations” have the respective meanings set forth in Article 9 of the NYUCC, and the terms
“Financial Asset”, “Instruction”, “Securities”, “Securities Account” and “Security Entitlement” have the respective meanings set forth in Article 8 of the
NYUCC. 

 1.02 Additional Definitions. Unless otherwise defined herein, all capitalized terms used
in this Agreement, including in the foregoing recitals, shall have the meanings set forth in the Loan Agreement and the rules of construction set forth therein shall apply hereto. In addition, as used herein: 

“Account Collateral” means all Accounts of each Grantor, whether now owned or hereafter acquired by such
Grantor. 
 “Accounts” has the meaning assigned such term in the Depositary Agreement. 

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

“Assigned Agreements” has the meaning assigned to such term in Section 3(r). 

“Collateral” has the meaning assigned to such term in Section 3. 

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

“Copyright Collateral” means all Copyrights of each Grantor, whether now owned or hereafter acquired by such
Grantor. 
 “Copyrights” means all copyrights, copyright registrations and applications for copyright
registrations, including all renewals and extensions thereof, all rights to recover for past, present or future infringements thereof and all other rights whatsoever accruing thereunder or pertaining thereto. 

“Grantor” has the meaning assigned to such term in the preamble. 

“Intellectual Property” means, collectively, all Copyright Collateral, all Patent Collateral and all Trademark
Collateral, together with (a) all inventions, processes, production methods, proprietary information, know-how and trade secrets, whether now owned or hereafter acquired by each Grantor; (b) all licenses or user or other agreements whether
now or hereafter granted to each Grantor with respect to any of the foregoing; (c) all information, customer lists, identification of suppliers, data, plans, blueprints, specifications, designs, drawings, recorded knowledge, surveys,
engineering reports, test reports, manuals, materials standards, processing standards, performance standards, catalogs, computer and automatic machinery software and programs, whether now owned or hereafter acquired by each Grantor; (d) all
field repair data, sales data and other information relating to sales or service of products now or hereafter manufactured, whether now owned or hereafter acquired by each Grantor; (e) all accounting information and all media in which or on
which any information or knowledge or data or records may be recorded or stored and all computer programs used for the compilation or printout of such information, knowledge, records, monitoring or data, in each case whether now owned or hereafter
acquired by each Grantor; (f) all licenses, consents, permits, variances, certifications and approvals of any Governmental Authority now or hereafter held by each Grantor; and (g) all causes of action, claims and warranties now or
hereafter owned or acquired by each Grantor in respect of any of the items listed above. 

  
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 “Intercreditor Agreement” has the meaning assigned to such term
in Section 5.14. 
 “Lender” has the meaning assigned to such term in the recitals. 

“NYUCC” means the Uniform Commercial Code as in effect from time to time in the State of New York. 

“Patent Collateral” means all Patents of each Grantor, whether now owned or hereafter acquired by such
Grantor, and all income, royalties, damages and payments now or hereafter due and/or payable under or with respect thereto. 

“Patents” means all patents and patent applications, including the inventions and improvements described and
claimed therein together with the reissues, divisions, continuations, renewals, extensions and continuations-in-part thereof, all income, royalties, damages and payments now or hereafter due and/or payable with respect thereto, all damages and
payments for past or future infringements thereof and rights to sue therefor, and in each case all rights corresponding thereto throughout the world. 

“Payoff Letter” has the meaning assigned to such term in Section 4.12. 

“Person” means any individual, corporation, company, voluntary association, partnership, limited liability
company, joint venture, trust, unincorporated organization or government (or any agency, instrumentality or political subdivision thereof). 

“Loan Agreement” has the meaning assigned to such term in the recitals. 

“Revenue Account” has the meaning assigned to such term in the Depositary Agreement. 

“Trademark Collateral” means all Trademarks of each Grantor, whether now owned or hereafter acquired by such
Grantor, together, in each case, with the goodwill of the business connected with the use of, and symbolized by, each such trade name, trademark and service mark. 

“Trademarks” means all trade names, trademarks and service marks, logos, trademark and service mark
registrations, and applications for trademark and service mark registrations, including all renewals of trademark and service mark registrations, all rights to recover for all past, present and future infringements thereof and all rights to sue
therefor, and all rights corresponding thereto throughout the world. 
 Section 2. Representations and Warranties. Each Grantor
represents and warrants to the Collateral Agent for the benefit of the Secured Parties that: 
 2.01 Organizational Matters;
Enforceability, Etc. (a) It is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization and is duly qualified, authorized to do business in, and in good standing as foreign corporations in
each jurisdiction where failure to be so qualified could reasonably be expected to have a Material Adverse Effect. The execution, delivery and performance of this Agreement, and the grant of the 

  
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security interests pursuant hereto, (i) are within its powers and have been duly authorized by all necessary corporate, limited liability company or other action, (ii) do not require
any Governmental Approval of any Governmental Authority, except as have been obtained or made and are in full force and effect or are not required on or prior to the date hereof, (iii) will not violate in any material respect any Applicable Law
or its charter, limited liability company agreement, operating agreement, by-laws or other organizational documents or any order of any Governmental Authority or court binding upon it or its property, (iv) will not violate or result in a
default in any material respect under any indenture, agreement or other instrument binding upon it or any of its Property, and (v) other than the Liens created in favor of the Collateral Agent for the benefit of the Secured Parties, will not
result in the creation or imposition of any lien, charge or encumbrance on any of its asset. 
 (b) This Agreement has been
duly executed and delivered by such Grantor and constitutes, a legal, valid and binding obligation of such Grantor, enforceable against it in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency,
reorganization, moratorium or similar laws of general applicability affecting the enforcement of creditors’ rights. 

(c) Such Grantor is not a “registered investment company” or a company “controlled” by a “registered
investment company” or a “principal underwriter” of a “registered investment company” as such terms are defined in the Investment Company Act of 1940. 

2.02 Title. Such Grantor owns the Collateral purported to be owned by it or otherwise has the rights it purports to have in each item
of Collateral and, as to all Collateral whether now existing or hereafter acquired, will continue to own or have such rights in each item of the Collateral in each case free and clear of any and all Liens, rights or claims of all other Persons,
other than the Liens created in favor of the Collateral Agent for the benefit of the Secured Parties or Permitted Liens. 
 2.03 Names,
Etc. Except as updated as permitted by Section 11.1.1(j) of the Loan Agreement, the full and correct legal name, type of organization, jurisdiction of organization, organizational ID number (if applicable) and mailing address of such
Grantor as of the date hereof are correctly set forth in Annex 1. Said Annex 1 correctly specifies (a) the location of the chief executive office of such Grantor, and (b) each location where any financing statement naming
such Grantor as debtor is currently on file. 
 2.04 Changes in Circumstances. Such Grantor has not (a) within the period of
four (4) months prior to the date hereof, changed its “location” (within the meaning of Section 9-307 of the NYUCC), (b) except as specified in Annex 1, heretofore changed its name, or (c) except as
specified in Annex 2, heretofore become a “new debtor” (within the meaning of Section 9-102(a)(56) of the NYUCC) with respect to a currently effective security agreement previously entered into by any other Person. 

2.05 Promissory Notes. Annex 3 sets forth a complete and correct list of all Promissory Notes (other than any held in a
Securities Account) held by such Grantor on the date hereof. 

  
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 2.06 Intellectual Property. (a) Schedule 10.1.31 to the Loan Agreement sets
forth a complete and correct list of all Copyrights, Patents and Trademarks owned by such Grantor on the date hereof (or, in the case of any supplement thereto effecting a pledge thereof, as of the date of such supplement). 

(b) Except pursuant to licenses and other user agreements entered into by such Grantor in the ordinary course of business that
are listed in Schedule 10.1.31 to the Loan Agreement(including as supplemented by any supplement effecting a pledge thereof), such Grantor has done nothing to authorize any other Person to use any Copyright, Patent or Trademark listed
therein, and to such Grantor’s knowledge, all registrations listed therein are, except as noted therein, in full force and effect. 

(c) To such Grantor’s knowledge, (i) except as set forth in Schedule 10.1.31 to the Loan Agreement (as
supplemented by any supplement effecting a pledge thereof), owns or has the lawful right to use all Intellectual Property necessary for the conduct of its business, without conflict with any rights of others, except as could not reasonably be
expected to have a Material Adverse Effect. There is no pending or, to such Grantor’s Knowledge, threatened Intellectual Property Claim with respect to any Grantor or any of its Property (including any Intellectual Property), except as could
not reasonably be expected to have a Material Adverse Effect. Except as disclosed on Schedule 10.1.31 to the Loan Agreement, Related Borrower Parties do not pay or owe any Royalty or other compensation to any Person with respect to any
Intellectual Property. All registered Intellectual Property owned, used or licensed by, or otherwise subject to any interest of, any Related Borrower Party is show on Schedule 10.1.31 to the Loan Agreement (as so supplemented). 

2.07 Accounts. The only Deposit Accounts and Securities Accounts owned by such Grantor are the Accounts. Such Grantor do not own any
Commodity Accounts. 
 2.08 Commercial Tort Claims. Annex 7 sets forth a complete and correct list of all commercial tort
claims of such Grantor in existence on the date hereof which are in excess of $100,000. 
 2.09 Security Interests. The security
interests granted to the Collateral Agent for the benefit of the Secured Parties pursuant to this Agreement in the Collateral (a) upon proper filing of financing statements naming such Grantor as “debtor” and the Collateral Agent as
“secured party”, constitute as to personal property included in the Collateral and, with respect to subsequently acquired personal property included in the Collateral, subject to the terms of this Agreement, will constitute, a perfected
security interest under the NYUCC to the extent a security interest can be perfected by properly filing such financing statements, and (b) are, and, with respect to such subsequently acquired personal property, subject to the terms of this
Agreement, will be, as to the Collateral perfected under the NYUCC as aforesaid, superior and prior to the rights of all third Persons now existing or hereafter arising whether by way of any lien or otherwise, subject to Permitted Liens. Except to
the extent control of portions of such Collateral is required for perfection, all such action as is necessary has been or will be taken to establish and perfect the Collateral Agent’s rights in and to such Collateral, in accordance with the
terms of this Agreement, to the extent the Collateral Agent’s security interest can be 

  
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perfected by proper filing of a financing statement, including any recording, filing, registration, giving of notice or other similar action. No filing, recordation, re-filing or re-recording
other than those listed on Annex 1 hereto (as the same may be supplemented from time to time) is necessary to perfect and maintain the perfection of the Liens created by this Agreement on the Collateral, to the extent the Collateral
Agent’s security interest can be perfected by proper filing of a financing statement (except to the extent that such filings or recordings are, by their nature, filings or recordings to be made at a later date). Such Grantor shall properly
deliver or cause to be delivered on the date hereof to the Collateral Agent, in accordance with the terms of this Agreement, all such Collateral that requires perfection of the Lien and security interest described above by possession. 

Section 3. Collateral. As collateral security for the prompt and complete payment and performance in full when due (whether at
stated maturity, by acceleration or otherwise) of the Obligations, each Grantor hereby unconditionally assigns, pledges and grants to the Collateral Agent, for the benefit of the Secured Parties as hereinafter provided a first priority security
interest in and continuing Lien on all of such Grantor’s right, title and interest in, to and under all personal property of such Grantor including but not limited to such Grantor’s right, title and interest in the following property, in
each case whether tangible or intangible, wherever located, and whether now owned by such Grantor or hereafter acquired and whether now existing or hereafter coming into existence (all of the property described in this Section 3 being
collectively referred to herein as the “Collateral”): 
 (a) all Accounts (as defined in the NYUCC); 

(b) all Account Collateral; 

(c) all As-Extracted Collateral; 

(d) all Chattel Paper; 

(e) all Documents; 

(f) all Equipment; 

(g) all Fixtures; 

(h) all General Intangibles; 

(i) all Goods not covered by the other clauses of this Section 3; 

(j) all Instruments, including all Promissory Notes; 

(k) all Intellectual Property; 

(l) all Inventory; 

(m) all money and Deposit Accounts (including any Account), together with all amounts on deposit from time to time in such
Deposit Accounts; 

  
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 (n) all Investment Property not covered by other clauses of this
Section 3, including all Securities, all Securities Accounts and all Security Entitlements with respect thereto and Financial Assets carried therein, and all Commodity Accounts and Commodity Contracts; 

(o) all Letter-of-Credit Rights and other Supporting Obligations; 

(p) all “commercial tort claims” (within the meaning of Section 9-102(a)(13) of the NYUCC) arising out of
the events described in Annex 7; 
 (q) all of the Intercompany Documents, including, without limitation, all other
agreements or documents now existing or hereafter entered into by such Grantor relating to the Intercompany Documents, including without limitation, all other instruments, agreements and documents executed and delivered with respect to such
agreements, as the same may be amended, supplemented or otherwise modified from time to time in accordance with the terms thereof and the terms of this Agreement and the other Loan Documents (the agreements described in this clause (q), as so
amended, supplemented or modified, being the “Intercompany Assigned Agreements”), including, without limitation, all rights of such Grantor (i) to receive moneys due and to become due under or pursuant to the Intercompany
Assigned Agreements, to compel performance and otherwise to exercise all remedies thereunder, including, without limitation, all rights to make determinations, to exercise any election or option contained in such agreements (including, but not
limited to, termination thereof), to give or receive any notice or consent, to demand and receive any property which is the subject of any of the Intercompany Assigned Agreements, to file any claims and generally to take any action which (in the
opinion of the Collateral Agent) may be necessary or advisable in connection with any of the foregoing; (ii) to receive the proceeds of any claim for damages arising out of or for breach of any Intercompany Assigned Agreement and proceeds of
any insurance, indemnity, warranty or guaranty with respect to the Intercompany Assigned Agreements; and (iii) to all of such Grantor’s right, title and interest in, to and under the Intercompany Assigned Documents; 

(r) all agreements, including, without limitation, each and all of the Underlying Loan Documents and all agreements or
documents now existing or hereafter entered into by such Grantor relating to the acquisition, development, construction, supply, operation, maintenance or use and occupancy of any Underlying Project, including without limitation, all other
instruments, agreements and documents executed and delivered with respect to such agreements, as the same may be amended, supplemented or otherwise modified from time to time in accordance with the terms thereof and the other Underlying Loan
Documents (the agreements described in this clause (r), as so amended, supplemented or modified, being the “Underlying Assigned Agreements”, and together with the Intercompany Assigned Agreements, collectively, the
“Assigned Agreements”), including, without limitation, all rights of such Grantor (i) to receive moneys due and to become due under or pursuant to the Underlying Assigned Agreements, to compel performance and otherwise to
exercise all remedies thereunder, including, without limitation, all rights to make determinations, to exercise any election or option contained in such agreements (including, but not limited to, termination

  
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thereof), to give or receive any notice or consent, to demand and receive any property which is the subject of any of the Underlying Assigned Agreements, to file any claims and generally to take
any action which (in the opinion of the Collateral Agent) may be necessary or advisable in connection with any of the foregoing; (ii) to receive the proceeds of any claim for damages arising out of or for breach of any Underlying Assigned
Agreement and proceeds of any insurance, indemnity, warranty or guaranty with respect to the Underlying Assigned Agreements; (iii) to any warranties, performance bonds or letters of credit of any manufacturer, contractor or subcontractor or any
other Person pursuant to or relating to the Underlying Assigned Agreements; and (iv) to all of such Grantor’s right, title and interest in, to and under the Underlying Loan Documents; and 

(s) all Proceeds of any of the Collateral, all Accessions to and substitutions and replacements for, any of the Collateral, and
all offspring, rents, profits and products of any of the Collateral, and, to the extent related to any Collateral, all books, correspondence, credit files, records, invoices and other papers (including all tapes, cards, computer runs and other
papers and documents in the possession or under the control of such Grantor or any computer bureau or service company from time to time acting for such Grantor). 

For the avoidance of doubt, the Lien of the Collateral Agent for the benefit of the Secured Parties may from time to time be released with
respect to one or more Approved Financings in accordance with Section 9.1.5 of the Loan Agreement, the provisions of such Section 9.1.5 controlling any such Collateral Release. 

IT BEING UNDERSTOOD, HOWEVER, that in no event shall the security interests granted under this Section 3 attach to any lease,
license, permit, Governmental Approval, contract, property rights or agreement to which such Grantor is a party (or to any of its rights or interests thereunder) if and for so long as the grant of such security interest would constitute or result in
either (i) the abandonment, invalidation or unenforceability of any right, title or interest of such Grantor therein or (ii) in a breach or termination pursuant to the terms of, or a default under, any such lease, license, contract,
property rights or agreement (other than to the extent that any such term would be rendered ineffective by Sections 9-406, 9-407, 9-408 or 9-409 of the NYUCC); provided, however, that the Collateral shall include and such security
interest shall attach immediately at such time as the condition causing such abandonment, invalidation or unenforceability shall be remedied and to the extent severable, shall attach immediately to any portion of such lease, license, permit,
Governmental Approval, contract, property rights or agreement that does not result in any of the consequences specified in (i) or (ii) above. 

Section 4. Further Assurances; Remedies. In furtherance of the grant of the security interest pursuant to Section 3,
each Grantor hereby agrees with the Collateral Agent as follows: 
 4.01 Delivery and Other Perfection. Such Grantor shall promptly
from time to time give, execute, deliver, file, record, authorize or obtain all such financing statements, continuation statements, notices, instruments, documents, agreements or consents or other papers as may be necessary in the reasonable
judgment of the Collateral Agent to create, preserve, 

  
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perfect, maintain the perfection of or validate the security interest granted pursuant hereto or to enable the Collateral Agent to exercise and enforce its rights hereunder with respect to such
security interest, and without limiting the foregoing, shall: 
 (a) if any of the Investment Property or Financial Assets
(other than cash to the extent cash is treated as a Financial Asset) constituting part of the Collateral are received by such Grantor, forthwith (x) deliver to the Collateral Agent the certificates or instruments representing or evidencing the
same, duly endorsed in blank or accompanied by such instruments of assignment and transfer in such form and substance as the Collateral Agent may reasonably request, all of which thereafter shall be held by the Collateral Agent, pursuant to the
terms of this Agreement, as part of the Collateral and (y) take such other action as the Collateral Agent may reasonably deem necessary or appropriate to duly record or otherwise perfect the security interest created hereunder in such
Collateral; 
 (b) promptly from time to time deliver to the Collateral Agent any and all Instruments and Assigned Agreements
constituting part of the Collateral, endorsed and/or accompanied by such instruments of assignment and transfer in such form and substance as the Collateral Agent may request; 

(c) promptly from time to time enter into such control agreements, each in form and substance reasonably acceptable to the
Collateral Agent, as may be required to perfect the security interest created hereby in any and all Investment Property, Electronic Chattel Paper and Letter-of-Credit Rights, and will promptly furnish to the Collateral Agent true copies thereof;

 (d) promptly from time to time upon the request of the Collateral Agent, execute and deliver such short-form security
agreements as the Collateral Agent may reasonably deem necessary or desirable to protect the interests of the Collateral Agent in respect of that portion of the Collateral consisting of Intellectual Property; 

(e) keep full and accurate books and records relating to the Collateral, and stamp or otherwise mark such books and records in
such manner as the Collateral Agent may reasonably require in order to reflect the security interests granted by this Agreement; and 

(f) as provided in the Loan Agreement, permit representatives of the Collateral Agent to inspect and make abstracts from its
books and records pertaining to the Collateral, and to be present at such Grantor’s place of business to receive copies of communications and remittances relating to the Collateral, and forward copies of any notices or communications received
by such Grantor with respect to the Collateral, all in such manner as the Collateral Agent may reasonably require. 
 4.02 Other
Financing Statements or Control. Such Grantor shall not (a) file or suffer to be on file, or authorize or permit to be filed or to be on file, (or permit to remain in effect, any financing statement or other similar notice of any Lien of
which it has Knowledge), in any jurisdiction, any financing statement or like instrument with respect to any of the Collateral 

  
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in which the Collateral Agent is not named as the sole secured party, (b) cause or permit any Person other than the Collateral Agent to have “control” (within the meaning of
Sections 9-104, 9-105, 9-106 or 9-107 of the NYUCC) of any Deposit Account,
Electronic Chattel Paper, Investment Property or Letter-of-Credit Right constituting part of the Collateral or (c) open, maintain or otherwise have any Deposit Account, Securities Account, Commodities Account or any other account other than as
are subject to an account control agreement in favor of the Collateral Agent in form and substance satisfactory to the Collateral Agent. 

4.03 Preservation of Rights. The Collateral Agent shall not be required to take steps necessary to preserve any rights against prior
parties to any of the Collateral. Nothing herein shall require the Collateral Agent to file any financing statement, continuation statement or amendment thereto in any public office at any time or times or to otherwise take any action to perfect or
maintain the perfection of the Lien on any property granted to the Collateral Agent under any Security Document or to give notice of any such Lien to any third party. 

4.04 Special Provisions Relating to Certain Collateral. 

(a) Intellectual Property. 

(i) For the purpose of enabling the Collateral Agent to exercise rights and remedies under Section 4.05 at such
time as the Collateral Agent shall be lawfully entitled to exercise such rights and remedies, and for no other purpose, such Grantor hereby grants to the Collateral Agent, to the extent such grant is permissible under the applicable granting
documents and Applicable Law, an irrevocable, non-exclusive license (exercisable without payment of royalty or other compensation to it) to use, assign, license or sublicense any of the Intellectual Property now owned or hereafter acquired by it,
wherever the same may be located, including in such license to the extent permitted under the applicable license agreement reasonable access to all media in which any of the licensed items may be recorded or stored and to all computer programs used
for the compilation or printout thereof (as provided in Section 12.3 of the Loan Agreement). 
 (ii)
Notwithstanding anything contained herein to the contrary, but subject to any provision of the Loan Documents that limits the rights of such Grantor to dispose of its property, so long as no Event of Default shall have occurred and be continuing,
such Grantor will be permitted to exploit, use, enjoy, protect, license, sublicense, assign, sell, dispose of or take other actions with respect to the Intellectual Property in the ordinary course of the business of such Grantor. In furtherance of
the foregoing, so long as no Event of Default shall have occurred and be continuing, the Collateral Agent shall from time to time, upon the reasonable request of such Grantor, execute and deliver any instruments, certificates or other documents, in
the form so requested, that such Grantor shall have certified are appropriate in its judgment to allow it to take any action permitted above (including relinquishment of the license provided pursuant to clause (i) immediately above as to
any specific Intellectual Property). Further, when all Obligations shall have been indefeasibly paid in full in cash and the 

  
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Loan Agreement shall have expired or been terminated or upon the express release of the Collateral by the Collateral Agent in accordance with Section 4.12 or otherwise, the Collateral
Agent shall grant back to such Grantor the license granted pursuant to clause (i) immediately above. The exercise of rights and remedies under Section 4.05 by the Collateral Agent shall not terminate the rights of the holders
of any licenses or sublicenses theretofore granted by such Grantor in accordance with the first sentence of this clause (ii). 

(b) Chattel Paper. Such Grantor shall (i) deliver to the Collateral Agent each original of each item of Chattel
Paper at any time constituting part of the Collateral other than any Chattel Paper received, held, or obtained by such Grantor in the normal course of business, and (ii) cause each such original and each copy thereof to bear a conspicuous
legend, in form and substance reasonably satisfactory to the Collateral Agent, indicating that such Chattel Paper is subject to the security interest granted hereby and that purchase of such Chattel Paper by a Person other than the Collateral Agent
without the consent of the Collateral Agent would violate the rights of the Collateral Agent. 
 (c) Assigned
Agreements. 
 (i) Anything herein to the contrary notwithstanding, (i) such Grantor shall (until acquisition of
such Grantor’s rights by a third party other than an Affiliate as a consequence of foreclosure, assumption or transfer of the Assigned Agreements), remain liable under the Assigned Agreements to the extent set forth therein to perform all of
its duties and obligations thereunder to the same extent as if this Agreement had not been executed; (ii) the exercise by the Collateral Agent of any of the rights hereunder (other than following an acquisition of such Grantor’s rights by
a third party other than an Affiliate as a consequence of foreclosure, assumption or transfer of the Assigned Agreements) shall not release such Grantor from any of its duties or obligations under the Assigned Agreements; and (iii) until
assumed or transferred as aforesaid, the Collateral Agent shall have no obligation or liability under the Assigned Agreements by reason of this Agreement, nor shall the Collateral Agent be obligated to perform any of the obligations or duties of
such Grantor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder. 
 (ii) Except
as otherwise provided in this clause (ii), such Grantor shall continue to collect, at its own expense, all amounts due or to become due to such Grantor under the Assigned Agreements. In connection with such collections, such Grantor may take
(and during an Event of Default, at the Collateral Agent’s direction shall take) such action as such Grantor or the Collateral Agent, as applicable, may deem necessary or advisable to enforce collection of the amounts due under the Assigned
Agreements. Such Grantor agrees and confirms that it shall notify each party to the Assigned Agreements of the grant of the security interest therein and assignment thereof to the Collateral Agent and instruct each of them that all payments due or
to become due and all 

  
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amounts payable to such Grantor thereunder shall be made directly to the Collateral Agent for deposit into the Revenue Account or another account designated by the Collateral Agent. No Grantor
shall, except as specifically required or permitted by the Underlying Loan Documents, take any action in connection with any Assigned Agreement which would impair the security interest of the Collateral Agent in the Collateral. 

4.05 Remedies. 

(a) Rights and Remedies Generally upon an Event of Default. If an Event of Default shall have occurred and is
continuing, the Collateral Agent shall have all of the rights and remedies with respect to the Collateral of a secured party under the NYUCC (whether or not the Uniform Commercial Code is in effect in the jurisdiction where the rights and remedies
are asserted) and such additional rights and remedies to which a secured party is entitled under the laws in effect in any jurisdiction where any rights and remedies hereunder may be asserted, including the right, to the fullest extent permitted by
law, to exercise all voting, consensual and other powers of ownership pertaining to the Collateral as if the Collateral Agent were the sole and absolute owner thereof (and such Grantor agrees to take all such action as may be appropriate to give
effect to such right); and without limiting the foregoing: 
 (i) the Collateral Agent in its discretion may, in its name or
in the name of such Grantor or otherwise, demand, sue for, collect or receive any money or other property at any time payable or receivable on account of or in exchange for any of the Collateral, but shall be under no obligation to do so; 

(ii) the Collateral Agent may make any reasonable compromise or settlement deemed desirable with respect to any of the
Collateral and may extend the time of payment, arrange for payment in installments, or otherwise modify the terms of, any of the Collateral; 

(iii) the Collateral Agent may require such Grantor to notify (and such Grantor hereby authorizes the Collateral Agent to so
notify) each account debtor in respect of any Account (as defined in the NYUCC), Chattel Paper or General Intangible, and each obligor on any Instrument, constituting part of the Collateral and on any Assigned Agreement that such Collateral has been
assigned to the Collateral Agent hereunder, and to instruct that any payments due or to become due in respect of such Collateral shall be made directly to the Collateral Agent or as it may direct (and if any such payments, or any other Proceeds of
the Collateral, are received by such Grantor they shall be held in trust by such Grantor for the benefit of the Collateral Agent and as promptly as possible remitted or delivered to the Collateral Agent for application as provided herein); 

(iv) the Collateral Agent may require such Grantor to assemble the Collateral at such place or places, reasonably convenient
to the Collateral Agent and such Grantor, as the Collateral Agent may direct; 

  
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 (v) the Collateral Agent may apply the Account Collateral and any money or other
property therein to payment of the Obligations; 
 (vi) the Collateral Agent may sell, lease, assign or otherwise dispose of
all or any part of the Collateral, at such place or places as the Collateral Agent deems best, and for cash or for credit or for future delivery (without thereby assuming any credit risk), at public or private sale, without demand of performance or
notice of intention to effect any such disposition or of the time or place thereof (except such notice as is required by applicable statute and cannot be waived), and the Collateral Agent or anyone else may be the purchaser, lessee, assignee or
recipient of any or all of the Collateral so disposed of at any public sale (or, to the extent permitted by law, at any private sale) and thereafter hold the same absolutely, free from any claim or right of whatsoever kind, including any right or
equity of redemption (statutory or otherwise), of such Grantor, any such demand, notice and right or equity being hereby expressly waived and released to the extent permitted by law. In the event of any sale, assignment, or other disposition of any
of the Trademark Collateral, the goodwill connected with and symbolized by the Trademark Collateral subject to such disposition shall be included. 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 the sale, and such sale may be made at any time or place to which the sale may be so adjourned; 

(vii) the Collateral Agent may exercise dominion and control over and refuse to permit further withdrawals from any Deposit
Account (including without limitation the Revenue Account) and provide instructions directing the disposition of funds in any such Deposit Accounts and provide entitlement orders with respect to Security Entitlements and other Investment Property
constituting a part of the Collateral and, without notice to such Grantor, transfer to or register in the name of the Collateral Agent or any of its nominees any or all security Collateral; 

(viii) the Collateral Agent may in the name of such Grantor or its own name, or otherwise, take possession of and indorse and
collect any checks, drafts, notes, acceptances or other instruments for the payment of moneys due under any Assigned Agreements and execute, in connection with any sale provided for in this Section 4.05, any endorsements, assignments or
other instruments or documents of conveyance or transfer with respect to the Collateral; and 
 (ix) the Collateral Agent
may make formal application for the transfer of all of such Grantor’s permits, licenses, approvals, and the like relating to the Assigned Agreements or to such Grantor’s business to the Collateral Agent or to any assignee of the Collateral
Agent or to any purchaser of any of the Collateral to the extent the same are assignable in accordance with their terms and Applicable Law. 

  
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 The Proceeds of each collection, sale or other disposition under this Section 4.05, including by
virtue of the exercise of any license granted to the Collateral Agent in Section 4.04(a), shall be applied in accordance with Section 4.09. 

(b) Certain Securities Act Limitations. Such Grantor recognizes that, by reason of certain prohibitions contained in the
Securities Act of 1933, as amended, and applicable state securities laws, the Collateral Agent may be compelled, with respect to any sale of all or any part of the Collateral, to limit purchasers to those who will agree, among other things, to
acquire the Collateral for their own account, for investment and not with a view to the distribution or resale thereof. Such Grantor acknowledges that any such private sales may be at prices and on terms less favorable to the Collateral Agent than
those obtainable through a public sale without such restrictions, and, notwithstanding such circumstances, agrees that any such private sale shall be deemed to have been made in a commercially reasonable manner and that the Collateral Agent shall
have no obligation to engage in public sales and no obligation to delay the sale of any Collateral for the period of time necessary to permit the issuer thereof to register it for public sale. 

(c) Notice. Such Grantor agrees that to the extent the Collateral Agent is required by Applicable Law to give reasonable
prior notice of any sale or other disposition of any Collateral, ten (10) Business Days’ notice shall be deemed to constitute reasonable prior notice. 

4.06 Deficiency. If the proceeds of sale, collection or other realization of or upon the Collateral pursuant to
Section 4.05 are insufficient to cover the costs and expenses of such realization and the payment and performance in full of the Obligations, such Grantor shall remain liable for any deficiency. 

4.07 Locations; Names, Etc. Without at least thirty (30) days’ prior written notice to the Collateral Agent, such Grantor
shall not (i) change its “location” (within the meaning of Section 9-307 of the NYUCC), (ii) change its name from the name shown as its current legal name on Annex 1, or (iii) agree to or authorize any
modification of the terms of any item of Collateral that would result in a change thereof from one Uniform Commercial Code category to another such category (such as from a General Intangible to Investment Property), if the effect thereof would be
to result in a loss of perfection of, or diminution of priority for, the security interests created hereunder in such item of Collateral, or the loss of control (within the meaning of Sections 9-104, 9-105, 9-106 or 9-107 of the NYUCC) over such
item of Collateral. 
 4.08 Private Sale. The Collateral Agent shall incur no liability as a result of the sale of the Collateral, or
any part thereof, at any private sale pursuant to Section 4.05 conducted in a commercially reasonable manner. Such Grantor hereby waives any claims against the Collateral Agent arising by reason of the fact that the price at which the
Collateral may have been sold at such a private sale was less than the price that might have been obtained at a public sale or was less than the aggregate amount of the Obligations, even if the Collateral Agent accepts the first offer received and
does not offer the Collateral to more than one offeree. 

  
 14 

 4.09 Application of Proceeds. Except as otherwise herein expressly provided and except as
provided below in this Section 4.09, the Proceeds of any collection, sale or other realization of all or any part of the Collateral pursuant hereto, and any other cash at the time held by the Collateral Agent under this
Section 4, shall be applied by the Collateral Agent: 
 First, to the payment of the costs and expenses of
such collection, sale or other realization, including reasonable out-of-pocket costs and expenses of the Collateral Agent and the reasonable fees and expenses of its agents and counsel, and all expenses incurred and advances made by the Collateral
Agent in connection therewith; 
 Second, to the payment in full of the Obligations, in accordance with the Loan
Agreement, in such order as the Collateral Agent shall in its sole discretion determine; and 
 Third, to the
Depositary Bank for deposit into the Revenue Account to be applied in accordance with Section 3.4 of the Depositary Agreement. 

4.10 Attorney-in-Fact. Without limiting any rights or powers granted by this Agreement to the Collateral Agent while no Event of
Default has occurred and is continuing, upon the occurrence and during the continuance of any Event of Default, for the purposes of allowing the Collateral Agent to exercise its rights and remedies hereunder and under the Loan Documents, such
Grantor hereby constitutes and appoints the Collateral Agent its true and lawful attorney-in-fact (such appointment being irrevocable and coupled with an interest), with full power of substitution and with full authority in the place and stead of
such Grantor and in the name of such Grantor to take any action and to execute any instrument that the Collateral Agent may deem reasonably necessary or advisable to accomplish the purposes of this Agreement, including, without limitation, the
following: 
 (a) to obtain and adjust insurance required to be maintained by such Grantor under the Loan Agreement or paid
to the Collateral Agent pursuant to the Loan Agreement; 
 (b) to request, demand, collect, sue for, recover, compound,
receive and give acquittance and receipts for moneys due and to become due under or in respect of any of the Collateral; 

(c) to receive, endorse and collect any drafts or other instruments, documents and chattel paper in connection with clause
(b) above; 
 (d) to file any claims or take any action or institute any proceedings that the Collateral Agent may
deem necessary or desirable for the collection of any of the Collateral or otherwise to enforce the rights of the Collateral Agent with respect to any of the Collateral; 

(e) to prepare and file any UCC financing statements against such Grantor as debtor; 

  
 15 

 (f) to take or cause to be taken all actions necessary to perform or comply or
cause performance or compliance with the terms of this Agreement, including, without limitation, access to pay or discharge taxes or Liens (other than the Liens created in favor of the Collateral Agent for the benefit of the Secured Parties) levied
or placed upon or threatened against the Collateral, the legality or validity thereof and the amounts necessary to discharge the same to be determined by the Collateral Agent in its sole discretion, any such payments made by the Collateral Agent to
become obligations of such Grantor to the Collateral Agent, due and payable immediately without demand; and 
 (g) to sell,
transfer, pledge, make any agreement with respect to or otherwise deal with any of the Collateral as fully and completely as though the Collateral Agent were the absolute owner thereof for all purposes (but subject to the terms of this Agreement).

 4.11 Perfection and Recordation. Such Grantor authorizes, without releasing such Grantor from its obligation to do so, the
Collateral Agent to file Uniform Commercial Code financing statements, including amendments and continuations, including those describing the Collateral as “all assets” or “all personal property and fixtures” of such Grantor and
in the case of a financing statement filed as a fixture filing, a sufficient description of the real property to which such Collateral relates (provided, that no such description shall be deemed to modify the description of Collateral set
forth in Section 3). 
 4.12 Termination. When all Obligations shall have been indefeasibly paid in full in cash and the
Loan Agreement shall have expired or been terminated as evidenced by a letter agreement among the Grantors and the Administrative Agent (the “Payoff Letter”), this Agreement shall terminate, and the Collateral Agent shall, at such
Grantor’s cost and expense, forthwith cause to be assigned, transferred and delivered, against receipt but without any recourse, warranty or representation whatsoever, any remaining Collateral and money received in respect thereof, to or on the
order of such Grantor and to be released and canceled all licenses and rights referred to in Section 4.04(a). The Collateral Agent shall also, at the expense of such Grantor, execute and deliver to such Grantor upon such termination such
Uniform Commercial Code termination statements and such other documentation as shall be reasonably requested by such Grantor to effect the termination and release of the liens on the Collateral as required by this Section 4.12 and the
Payoff Letter. 
 4.13 Further Assurances. Such Grantor agrees that, from time to time upon the written request of the Collateral
Agent, it shall execute and deliver such further documents and do such other acts and things as the Collateral Agent may reasonably request in order fully to effect the purposes of this Agreement. The Collateral Agent shall release any lien covering
any asset that has been disposed of in accordance with the provisions of the Loan Documents. 
 4.14 No Marshalling. 

(a) To the fullest extent permitted by law, such Grantor hereby agrees that it shall not invoke any law relating to the
marshalling of Collateral which might cause delay in or impede the enforcement of the Collateral Agent’s rights or remedies under this Agreement, and, to the fullest extent permitted by law, such Grantor hereby irrevocably waives the benefits
of all such laws (including any right to a marshalling of assets or a sale or inverse order of alienation). 

  
 16 

 (b) Such Grantor hereby waives, to the maximum extent permitted by law
(i) all rights under any law to require the Collateral Agent to pursue any other Person, any security which the Collateral Agent may hold, or any other remedy before proceeding against such Grantor; (ii) all rights to require the
Collateral Agent to give any notices of any kind, including, without limitation, notices of nonpayment, nonperformance, protest, dishonor, default, delinquency or acceleration, or to make any presentments, demands or protests, except as expressly
provided in this Agreement; other than notices required by the Loan Documents; (iii) all rights to assert the bankruptcy or insolvency of such Grantor as a defense hereunder or as the basis for rescission hereof; (iv) all defenses based on
any change in the time, manner or place of payment of, or in any other term of the Obligations; (v) any exchange, release or non-perfection of any lien on any Collateral; and (vi) all suretyship and such Grantor’s defenses generally.
Such Grantor, to the maximum extent permitted by law hereby agrees that it will not invoke, claim or assert the benefit of any rule of law or statute now or hereafter in effect (including, without limitation, any right to prior notice or judicial
hearing in connection with the Collateral Agent’s possession, custody or disposition of any Collateral or any appraisal, valuation, stay, extension, moratorium or redemption law), or take or omit to take any other action, that would or could
reasonably be expected to have the effect of delaying, impeding or preventing the exercise of any rights and remedies in respect of the Collateral, the absolute sale of any of the Collateral or the possession thereof by any purchaser at any sale
thereof, and waives the benefit of all such laws and further agrees that it will not hinder, delay or impede the execution of any power granted hereunder to the Collateral Agent or, but that it will permit the execution of every such power as though
no such laws were in effect. 
 Section 5. Miscellaneous. 

5.01 Notices. All notices, requests and other communications provided for in this Agreement shall be given in accordance with
Section 9.2 of the Depositary Agreement; provided, that the addresses for notices to the parties hereto shall be given at such Person’s address shown on the signature pages hereof. 

5.02 No Waiver. No failure on the part of the Collateral Agent to exercise, and no course of dealing with respect to, and no delay in
exercising, any right, power or remedy hereunder shall operate as a waiver thereof; nor shall any single or partial exercise by the Collateral Agent of any right, power or remedy hereunder preclude any other or further exercise thereof or the
exercise of any other right, power or remedy. The remedies provided herein are cumulative and are not exclusive of any remedies provided by law. 

5.03 Amendments, Etc. The terms of this Agreement may be waived, altered or amended only by an instrument in writing duly executed by
an authorized representative of each Grantor and the Collateral Agent. 

  
 17 

 5.04 Expenses. Each Grantor agrees to reimburse the Collateral Agent for all reasonable
costs and expenses incurred by it (including the reasonable fees and expenses of legal counsel) in connection with (i) any Default and any enforcement or collection proceeding resulting therefrom, including all manner of participation in or
other involvement with (w) performance by the Collateral Agent of any obligations of such Grantor in respect of the Collateral that such Grantor has failed or refused to perform, (x) bankruptcy, insolvency, receivership, foreclosure,
winding up or liquidation proceedings, or any actual or attempted sale, or any exchange, enforcement, collection, compromise or settlement in respect of any of the Collateral, and for the care of the Collateral and defending or asserting rights and
claims of the Collateral Agent in respect thereof, by litigation or otherwise, including expenses of insurance, (y) judicial or regulatory proceedings and (z) workout, restructuring or other negotiations or proceedings (whether or not the
workout, restructuring or transaction contemplated thereby is consummated) and (ii) the enforcement of this Section 5.04, and all such costs and expenses shall be Obligations entitled to the benefits of the collateral security
provided pursuant to Section 3. 
 5.05 Successors and Assigns; Continuing Security Interest. This Agreement shall be
binding upon and inure to the benefit of the respective successors and permitted assigns of each Grantor, the Collateral Agent and the Secured Parties (provided, that no Grantor shall assign or transfer its rights or obligations hereunder
without the prior written consent of the Collateral Agent). This Agreement shall create a continuing security interest in the Collateral and shall remain in full force and effect until the indefeasible payment in full in cash of all Obligations and
the expiration or termination of the Loan Agreement, be binding upon each Grantor, their respective successors and assigns, and inure, together with the rights and remedies of the Collateral Agent hereunder, to the benefit of the Collateral Agent
and its successors, transferees and assigns. Without limiting the generality of the foregoing, but subject to the terms and transfer restrictions of the Loan Agreement, the Collateral Agent may assign or otherwise transfer its rights under the Loan
Documents to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to the Collateral Agent herein or otherwise. 

5.06 Counterparts. This Agreement may be executed by one or more of the parties hereto on any number of separate counterparts, by
facsimile or electronic mail, and all of said counterparts taken together shall be deemed to constitute one and the same instrument; signature pages may be detached from multiple separate counterparts and attached to a single counterpart so that all
signatures are physically attached to the same document. A facsimile or “pdf” signature page shall constitute an original for purposes hereof. 

5.07 Governing Law; Submission to Jurisdiction, Etc. UNLESS EXPRESSLY PROVIDED IN ANY OTHER LOAN DOCUMENT, THIS AGREEMENT AND ALL
CLAIMS SHALL BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO ANY CONFLICT OF LAW PRINCIPLES EXCEPT SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW AND FEDERAL LAWS RELATING TO NATIONAL BANKS. EACH PARTY
HEREBY CONSENTS TO THE NON-EXCLUSIVE JURISDICTION OF ANY FEDERAL OR STATE COURT SITTING IN OR WITH JURISDICTION OVER NEW YORK COUNTY, THE STATE OF NEW YORK AND THE SOUTHERN 

  
 18 

 
DISTRICT OF NEW YORK IN ANY DISPUTE, ACTION, LITIGATION OR OTHER PROCEEDING RELATING IN ANY WAY TO THIS AGREEMENT, AND AGREES THAT ANY DISPUTE, ACTION, LITIGATION OR OTHER PROCEEDING SHALL BE
BROUGHT BY IT SOLELY IN ANY SUCH COURT. EACH PARTY IRREVOCABLY AND UNCONDITIONALLY WAIVES ALL CLAIMS, OBJECTIONS AND DEFENSES THAT IT MAY HAVE REGARDING ANY SUCH COURT’S PERSONAL OR SUBJECT MATTER JURISDICTION, VENUE OR INCONVENIENT FORUM. EACH
PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY SUBMITS TO THE JURISDICTION OF SUCH COURTS. 
 5.08 WAIVER OF JURY TRIAL. To the
fullest extent permitted by Applicable Law, each Grantor waives (a) the right to trial by jury (which Collateral Agent hereby also waives) in any proceeding or dispute of any kind relating in any way to this Agreement, the Obligations or the
Collateral; (b) presentment, demand, protest, notice of presentment, default, non-payment, maturity, release, compromise, settlement, extension or renewal of any commercial paper, accounts, documents, instruments, chattel paper and guaranties
at any time held by Collateral Agent on which any Grantor may in any way be liable, and hereby ratifies anything Collateral Agent may do in this regard; (c) notice prior to taking possession or control of any Collateral; (d) any bond or
security that might be required by a court prior to allowing Collateral Agent to exercise any rights or remedies; (e) the benefit of all valuation, appraisement and exemption laws; (f) any claim against Collateral Agent or any Lender, on
any theory of liability, for special, indirect, consequential, exemplary or punitive damages (as opposed to direct or actual damages) in any way relating to any Enforcement Action, the Obligations, this Agreement or transactions relating thereto;
and (g) notice of acceptance hereof. Each Grantor acknowledges that the foregoing waivers are a material inducement to Collateral Agent entering into this Agreement and that they are relying upon the foregoing in their dealings with the
Grantors. Each Grantor has reviewed the foregoing waivers with its legal counsel and has knowingly and voluntarily waived its jury trial and other rights following consultation with legal counsel. In the event of litigation, this Agreement may be
filed as a written consent to a trial by the court. 
 5.09 Captions. The captions and section headings appearing herein are included
solely for convenience of reference and are not intended to affect the interpretation of any provision of this Agreement. 
 5.10 Agents
and Attorneys-in-Fact. The Collateral Agent may employ agents and attorneys-in-fact in connection herewith and shall not be responsible for the negligence or misconduct of any such agents or attorneys-in-fact selected by it in good faith and
with due care. 
 5.11 Severability. Wherever possible, each provision of this Agreement shall be interpreted in such manner as to be
valid under Applicable Law. If any provision is found to be invalid under Applicable Law, it shall be ineffective only to the extent of such invalidity and the remaining provisions of this Agreement shall remain in full force and effect. 

5.12 Collateral Agent. The Bank of New York Mellon, in performance of its duties as Collateral Agent hereunder, shall enjoy all rights
and protections afforded it as the Collateral Agent under the Depositary Agreement (as defined in the Loan Agreement) and the Depositary Agreement (as defined in the Other Loan Agreement), respectively. 

  
 19 

 5.13 Instruction of Collateral Agent by Administrative Agent. Notwithstanding anything to
the contrary contained in this Agreement, the Collateral Agent will not commence any exercise of remedies or any foreclosure actions or otherwise take any action or proceeding against or in respect of any of the Collateral, including the delivering
of any notice required to be delivered or the giving of any instruction required to be given by the Collateral Agent hereunder, unless and until it shall have been directed by written notice of the Administrative Agent on behalf of the Secured
Parties and then only in accordance with the provisions of such notice, this Agreement and the other Security Documents. 
 5.14
Intercreditor Agreement. Notwithstanding anything herein to the contrary, the Lien granted to the Collateral Agent pursuant to this Agreement and the exercise of any right or remedy by Collateral Agent hereunder are subject to the provisions
of that certain Intercreditor Agreement, dated as of July [    ], 2013 (as amended, amended and restated, supplemented, restated, replaced, refinanced or otherwise modified from time to time, the “Intercreditor
Agreement”) among each Grantor, the Administrative Agent, the Administrative Agent (as defined in the Other Loan Agreement), the Collateral Agent and the Collateral Agent (as defined in the Other Loan Agreement). In the event of any
conflict between the terms of the Intercreditor Agreement and this Agreement, the terms of the Intercreditor Agreement shall govern and control. 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  
 20 

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

			
	 HASI CF I BORROWER LLC,
 a Delaware
limited liability company,
 as a Grantor

		
	By:	 	  

		 	Jeffrey W. Eckel, President
		
		 	Addresses for Notices to Grantor:
		
		 	1906 Towne Centre Blvd, Suite 370
		 	Annapolis, MD 21401
		 	Attn: Legal Department
		 	Telecopy: 410-571-6199
		 	Electronic Mail: legaldepartment@hannonarmstrong.com
	
	 HAT CF I BORROWER LLC,
 a Delaware
limited liability company,
 as a Grantor

		
	By:	 	  

		 	Jeffrey W. Eckel, President
		
		 	Addresses for Notices to Grantor:
		
		 	1906 Towne Centre Blvd, Suite 370
		 	Annapolis, MD 21401
		 	Attn: Legal Department
		 	Telecopy: 410-571-6199
		 	Electronic Mail: legaldepartment@hannonarmstrong.com

 
			
	THE BANK OF NEW YORK MELLON,
	as Collateral Agent
		
	By:	 	  

		 	Name:
		 	Title:
		
		 	Addresses for Notices to the Collateral Agent:
		
		 	The Bank of New York Mellon
		 	Corporate Trust
		 	Asset-Backed Securities
		 	101 Barclay St - 4W
		 	New York NY 10286
		 	Telephone: [                    ]
		 	Facsimile: [                    ]
		 	Email: [                    ]
		 	Attention: [                    ]
		
		 	with copies (for informational purposes only) to:
		
		 	Hunton & Williams LLP
		 	200 Park Avenue, 52nd Floor
		 	New York, NY 10166
		 	Telephone: 212.309.1093
		 	Facsimile: 212.309.1100
		 	Email: jsirgado@hunton.com
		 	Attention: Jo Anne Sirgado

 ANNEX 1 

FILING DETAILS 
 Grantors:

  

			
	Full and Correct Legal Name:	  	 (i) HASI CF I Borrower LLC
 (ii) HAT CF I
Borrower LLC

		
	Type of Organization:	  	 (i) Limited Liability Company
 (ii) Limited
Liability Company

		
	Jurisdiction of Organization:	  	 (i) Delaware
 (ii) Delaware

		
	Organizational ID Number:	  	 (i) 5323689
 (ii) 5323675

		
	Mailing Address:	  	 (i) 1906 Towne Centre Boulevard, Suite 370, Annapolis, Maryland 21401

(ii) 1906 Towne Centre Boulevard, Suite 370, Annapolis, Maryland 21401

		
	Location of Chief Executive Office:	  	 (i) 1906 Towne Centre Boulevard, Suite 370, Annapolis, Maryland 21401

(ii) 1906 Towne Centre Boulevard, Suite 370, Annapolis, Maryland 21401

		
	Location of any financing statement naming any Grantor as debtor:	  	[None.]

 LIST OF PERFECTION ACTIONS 

Filing of a financing statement by each Grantor in the office of the Secretary of State of the State of Delaware. 

 ANNEX 2 

NEW DEBTOR EVENTS 
 [None.] 

 ANNEX 3 

PROMISSORY NOTES 
 [None.] 

 ANNEX 7 

LIST OF COMMERCIAL TORT CLAIMS 
 [None.]

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