Document:

Master Guarantee Agreement

 Exhibit 10.4 

 
  

 
 MASTER GUARANTEE AGREEMENT

 dated as of 
 February 15, 2012, 
 among 

TAMINCO INTERMEDIATE CORPORATION, 
 THE SUBSIDIARY GUARANTORS 
 IDENTIFIED HEREIN, 

CITIBANK INTERNATIONAL PLC, 
 as Belgian sub-agent for the Secured Parties 
 and 

CITIBANK, N.A., 

as Administrative Agent 
  

 
  

 TABLE OF CONTENTS 

 

							
		  		  	 	Page	  
	
	ARTICLE I	  
	
	DEFINITIONS	  
			
	 SECTION 1.01.
	  	Credit Agreement	  	 	1	  
	 SECTION 1.02.
	  	Other Defined Terms	  	 	1	  
	
	ARTICLE II	  
	
	THE GUARANTEES	  
			
	 SECTION 2.01.
	  	Guarantee	  	 	3	  
	 SECTION 2.02.
	  	Guarantee of Payment; Continuing Guarantee	  	 	4	  
	 SECTION 2.03.
	  	No Limitations	  	 	4	  
	 SECTION 2.04.
	  	Reinstatement	  	 	9	  
	 SECTION 2.05.
	  	Agreement to Pay; Subrogation	  	 	10	  
	 SECTION 2.06.
	  	Information	  	 	10	  
	 SECTION 2.07.
	  	Immediate Recourse	  	 	10	  
	 SECTION 2.08.
	  	Payments Free of Taxes	  	 	10	  
	 SECTION 2.09.
	  	Parallel Debt (Covenant to Pay the First Lien Agent)	  	 	10	  
	 SECTION 2.10.
	  	Parallel Debt (Covenant to Pay the Common Collateral Agent)	  	 	11	  
	
	ARTICLE III	  
	
	INDEMNITY, SUBROGATION AND SUBORDINATION	  
			
	 SECTION 3.01.
	  	[Reserved]	  	 	11	  
	 SECTION 3.02.
	  	Contribution and Subrogation	  	 	11	  
	 SECTION 3.03.
	  	Subordination	  	 	12	  
	
	ARTICLE IV	  
	
	REPRESENTATIONS AND WARRANTIES	  
	
	ARTICLE V	  
	
	MISCELLANEOUS	  
			
	 SECTION 5.01.
	  	Notices	  	 	12	  
	 SECTION 5.02.
	  	Waivers; Amendment	  	 	13	  
	 SECTION 5.03.
	  	Administrative Agent’s Fees and Expenses; Indemnification	  	 	13	  
	 SECTION 5.04.
	  	Successors and Assigns	  	 	14	  
	 SECTION 5.05.
	  	Survival of Agreement	  	 	14	  
	 SECTION 5.06.
	  	Counterparts; Effectiveness; Several Agreement	  	 	15	  
	 SECTION 5.07.
	  	Severability	  	 	15	  
	 SECTION 5.08.
	  	Right of Set-Off	  	 	15	  

  
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		  		  	 	Page	  
			
	 SECTION 5.09.
	  	Governing Law; Jurisdiction; Consent to Service of Process; Appointment of Service of Process Agent	  	 	15	  
	 SECTION 5.10.
	  	WAIVER OF JURY TRIAL	  	 	17	  
	 SECTION 5.11.
	  	Headings	  	 	17	  
	 SECTION 5.12.
	  	Termination or Release	  	 	17	  
	 SECTION 5.13.
	  	Additional Guarantors	  	 	18	  

  
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 MASTER GUARANTEE AGREEMENT dated as of February 15, 2012 (this
“Agreement”), among TAMINCO INTERMEDIATE CORPORATION, a Delaware corporation (“Holdings”), the SUBSIDIARY GUARANTORS identified herein, CITIBANK INTERNATIONAL PLC, as Belgian sub-agent for the Secured Parties and
CITIBANK, N.A., as Administrative Agent, on behalf of itself and the other Guaranteed Parties. 
 Reference is made to the
Credit Agreement dated as of February 15, 2012 (as amended, restated, amended and restated, supplemented, extended, refinanced or otherwise modified from time to time, the “Credit Agreement”), among Holdings, Taminco
Global Chemical Corporation, a Delaware corporation (the “Borrower”), the Lenders party thereto and Citibank, N.A., as Administrative Agent. The Lenders and the Issuing Banks have agreed to extend credit to the Borrower subject to
the terms and conditions set forth in the Credit Agreement. The obligations of the Lenders and the Issuing Banks to extend such credit are conditioned upon, among other things, the execution and delivery of this Agreement. Holdings and the
Subsidiary Guarantors are affiliates of the Borrower, will derive substantial benefits from the extension of credit to the Borrower pursuant to the Credit Agreement and are willing to execute and deliver this Agreement in order to induce the Lenders
and the Issuing Banks to extend such credit. Accordingly, the parties hereto agree as follows: 
 ARTICLE I 

Definitions 
 SECTION 1.01. Credit Agreement. 
 (a) Capitalized terms used in this
Agreement (including in the introductory paragraph hereto) and not otherwise defined herein have the meanings specified in the Credit Agreement. 
 (b) The rules of construction specified in Section 1.03 of the Credit Agreement also apply to this Agreement, mutatis mutandis. 

SECTION 1.02. Other Defined Terms. As used in this Agreement, the following terms have the meanings specified below: 

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

“Belgian Subsidiary Guarantors” means Taminco Group NV, Taminco NV, Taminco North BVBA, each other Subsidiary organized
under the laws of Belgium that becomes a party to this Agreement as a Subsidiary Guarantor after the Effective Date pursuant to Section 5.13 and in respect of any receivables pledged by it under the Belgian Receivables Pledge Agreement only,
Taminco Germany GmbH. 
 “Belgian Receivables Pledge Agreement” means the Second Ranking Receivables Pledge
Agreement dated February 15, 2012 and made among Taminco Group NV, Taminco NV, Taminco North BVBA and Taminco Germany GmbH as pledgors and Wilmington Trust, National Association as pledgee. 

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

“Claiming Party” has the meaning assigned to such term in Section 3.02. 

 “Common Collateral Agent” means, in relation to the German Security
Documents, Citibank, N.A., solely in its capacity as common collateral agent under the German Security Documents and any successor thereto appointed in accordance herewith. 
 “Contributing Party” has the meaning assigned to such term in Section 3.02. 
 “Credit Agreement” has the meaning assigned to such term in the introductory paragraph to this Agreement. 
 “First Lien Agent” means each of (a) the Administrative Agent and (b) Citibank International plc, as Belgian sub-agent of the Administrative Agent with the security interests
created under the Floating Charge Agreement and Floating Charge Mandate. 
 “Floating Charge Agreement” means
the First Ranking Floating Charge Agreement, dated as of February 15, 2012, between Taminco NV, the Administrative Agent, and Citi International plc, as sub-agent of the Administrative Agent. 

“Floating Charge Mandate” means the First Ranking Floating Charge Mandate, dated as of February 15, 2012, granted
by Taminco NV to the attorneys named therein. 
 “German Subsidiary Guarantors” means Taminco Germany GmbH and
each other Subsidiary organized under the laws of Germany that becomes a party to this Agreement as a Subsidiary Guarantor after the Effective Date pursuant to Section 5.13. 

“German Secured Parties” means the Common Collateral Agent and the Guaranteed Parties. 

“German Security Document” means any security agreement, pledge, charge, security assignment, security transfer, land
charge, mortgage or other agreement, document or instrument pursuant to which a Lien is now or hereafter granted in favor of the Common Collateral Agent and/or certain Guaranteed Parties by a German Subsidiary Guarantor and/or where such agreement,
document or instrument is governed by German law in each case which secure the Secured Obligations (as defined in each such German Security Document) under which rights or remedies with respect to such Lien are at any time governed. 

“Guaranteed Cash Management Obligations” means the due and punctual payment and performance of all obligations of
Holdings, the Borrower and the Restricted Subsidiaries in respect of (unless otherwise elected by the Borrower) any overdraft and related liabilities arising from treasury, depository and cash management services or any automated clearing house
transfers of funds provided to Holdings, the Borrower or any Restricted Subsidiary (whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and
substitutions therefor)) (including participation in commercial (or purchasing) card programs) that are (a) owed to the Administrative Agent or any of its Affiliates, (b) owed on the Effective Date to a Person that is a Lender or an
Affiliate of a Lender as of the Effective Date (or who becomes a Lender or an Affiliate of a Lender within 30 days of the Effective Date) or (c) owed to a Person that is a Lender or an Affiliate of a Lender at the time such obligations are
incurred. 
 “Guaranteed Obligations” means (a) the Loan Document Obligations, (b) the Guaranteed
Cash Management Obligations and (c) the Guaranteed Swap Obligations. 

  
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 “Guaranteed Parties” means (a) each Lender, (b) each Issuing
Bank, (c) the Administrative Agent, (d) each Person to whom any Guaranteed Cash Management Obligations are owed, (e) each counterparty to any Swap Agreement the obligations under which constitute Guaranteed Swap Obligations,
(f) the beneficiaries of each indemnification obligation undertaken by any Loan Party under any Loan Document and (g) the permitted successors and assigns of each of the foregoing. 

“Guaranteed Swap Obligations” means the due and punctual payment and performance of all obligations of Holdings, the
Borrower and the Restricted Subsidiaries under (unless otherwise elected by the Borrower) each Swap Agreement that (a) is with a counterparty that is the Administrative Agent or any of its Affiliates, (b) is in effect on the Effective Date
with a counterparty that is a Lender or an Affiliate of a Lender as of the Effective Date (or who becomes a Lender or an Affiliate of a Lender within 30 days of the Effective Date) or (c) is entered into after the Effective Date with any
counterparty that is a Lender or an Affiliate of a Lender at the time such Swap Agreement is entered into. 

“Guarantors” means Holdings and the Subsidiary Guarantors. 

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

“Intercreditor Agreement” means the Notes Intercreditor Agreement, dated as of February 15, 2012 among Citibank,
N.A., as Credit Agreement Agent, Wilmington Trust, National Association, as trustee and second priority collateral agent, and Citibank, N.A., as Common Collateral Agent, as the same may be amended, restated, amended and restated, supplemented or
otherwise modified from time to time. 
 “Loan Documents” means the Credit Agreement and the other “Loan
Documents” as defined in the Credit Agreement. 
 “Luxembourg Subsidiary Guarantor” means any Guarantor
incorporated and existing in Luxembourg and each other Subsidiary organized under the laws of Luxembourg that becomes a party to this Agreement as a Subsidiary Guarantor after the Effective Date pursuant to Section 5.13. 

“Subsidiary Guarantors” means the Subsidiaries signatory hereto and each other Subsidiary that becomes a party to this
Agreement as a Subsidiary Guarantor after the Effective Date pursuant to Section 5.13; provided that if a Subsidiary is released from its obligations as a Subsidiary Guarantor hereunder as provided in Section 5.12(b), such
Subsidiary shall cease to be a Subsidiary Guarantor hereunder effective upon such release. 
 “Supplement”
means an instrument substantially in the form of Exhibit A hereto, or any other form reasonably satisfactory to the Administrative Agent. 
 ARTICLE II 
 The Guarantees 

SECTION 2.01. Guarantee. Subject to Section 2.03, each Guarantor irrevocably and unconditionally guarantees to each of the
Guaranteed Parties, jointly with the other Guarantors and severally, as a primary obligor and not merely as a surety, by way of an independent payment obligation, the due and punctual payment and performance of the Guaranteed Obligations. Each
Guarantor further agrees that the Guaranteed Obligations may be extended or renewed, in whole or in part, or amended or modified, without notice to or further assent from it, and that it will remain bound upon its guarantee hereunder notwithstanding
any such extension or renewal, or amendment or modification, of any of the Guaranteed Obligations. Each Guarantor waives presentment to, demand of payment from and protest to the Borrower or any other Loan Party of any of the Guaranteed Obligations,
and also waives notice of acceptance of its guarantee and notice of protest for nonpayment. 

  
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 SECTION 2.02. Guarantee of Payment; Continuing Guarantee. Each Guarantor further
agrees that its guarantee hereunder constitutes a guarantee of payment when due (whether or not any bankruptcy or similar proceeding shall have stayed the accrual of collection of any of the Guaranteed Obligations or operated as a discharge thereof)
and not merely of collection, and waives any right to require that any resort be had by the Administrative Agent or any other Guaranteed Party to any security held for the payment of any of the Guaranteed Obligations or to any balance of any deposit
account or credit on the books of the Administrative Agent or any other Guaranteed Party in favor of the Borrower, any other Loan Party or any other Person. Each Guarantor agrees that its guarantee hereunder is continuing in nature and applies to
all of its Guaranteed Obligations, whether currently existing or hereafter incurred. 
 SECTION 2.03. Limitations on
Guarantee. 
 (a) Except for the termination or release of a Guarantor’s obligations hereunder as expressly provided in
Section 5.12, and except as set out in clauses (c), (d) and (e) below, the obligations of each Guarantor hereunder shall not be subject to any reduction, limitation, impairment or termination for any reason, including any claim of
waiver, release, surrender, alteration or compromise of any of the Guaranteed Obligations, and shall not be subject to any defense or set-off, counterclaim, recoupment or termination whatsoever by reason of the invalidity, illegality or
unenforceability of any of the Guaranteed Obligations, any impossibility in the performance of any of the Guaranteed Obligations or otherwise. Without limiting the generality of the foregoing, except for the termination or release of its
obligations hereunder as expressly provided in Section 5.12 or set out in clauses (c), (d) and (e) below, to the fullest extent permitted by applicable law, the obligations of each Guarantor hereunder shall not be discharged or
impaired or otherwise affected by: 
 (i) the failure of any Guaranteed Party or any other Person to assert any
claim or demand or to enforce any right or remedy under the provisions of any Loan Document or otherwise; 
 (ii)
any rescission, waiver, amendment, restatement or modification of, or any release from any of the terms or provisions of, any Loan Document or any other agreement, including with respect to any other Guarantor under this Agreement; 

(iii) the release of, or any impairment of or failure to perfect any Lien on, any security held by any Guaranteed Party
for any of the Guaranteed Obligations; 
 (iv) any default, failure or delay, willful or otherwise, in the
performance of any of the Guaranteed Obligations; 
 (v) any other act or omission that may or might in any
manner or to any extent vary the risk of any Guarantor or otherwise operate as a discharge of any Guarantor as a matter of law or equity (other than the payment in full in cash of all the Loan Document Obligations (including LC Disbursements, if
any, but excluding contingent obligations and obligations in respect of Letters of Credit which have been cash collateralized in accordance with the Credit Agreement)); 

(vi) any illegality, lack of validity or lack of enforceability of any of the Guaranteed Obligations; 

  
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 (vii) any change in the corporate existence, structure or ownership of any
Loan Party, or any insolvency, bankruptcy, reorganization or other similar proceeding affecting any Loan Party or its assets or any resulting release or discharge of any of the Guaranteed Obligations; 

(viii) the existence of any claim, set-off or other rights that any Guarantor may have at any time against the Borrower,
the Administrative Agent, any other Guaranteed Party or any other Person, whether in connection with the Credit Agreement, the other Loan Documents or any unrelated transaction; 

(ix) this Agreement having been determined (on whatsoever grounds) to be invalid, non-binding or unenforceable against any
other Guarantor ab initio or at any time after the Effective Date; 
 (x) the fact that any Person that,
pursuant to the Loan Documents, was required to become a party hereto may not have executed or is not effectually bound by this Agreement, whether or not this fact is known to the Guaranteed Parties; or 

(xi) any other circumstance (including any statute of limitations), or any existence of or reliance on any representation
by the Administrative Agent, any Guaranteed Party or any other Person, that might otherwise constitute a defense to, or a legal or equitable discharge of, the Borrower, any Guarantor or any other guarantor or surety (other than the payment in full
in cash of all the Loan Document Obligations (including LC Disbursements, if any, but excluding contingent obligations and obligations in respect of Letters of Credit which have been cash collateralized in accordance with the Credit Agreement)).

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

(b) To the fullest extent permitted by applicable law but subject to the limitations set out in clauses (c), (d) and (c) below,
each Guarantor waives any defense based on or arising out of any defense of the Borrower or any other Loan Party or the unenforceability of the Guaranteed Obligations or any part thereof from any cause, or the cessation from any cause of the
liability of the Borrower or any other Loan Party, other than the payment in full in cash of all the Loan Document Obligations (including LC Disbursements, if any, but excluding contingent obligations and obligations in respect of Letters of Credit
which have been cash collateralized in accordance with the Credit Agreement). Subject to the limitations set out in clauses (c), (d) and (c) below, the Administrative Agent and the other Guaranteed Parties may, at their election and in
accordance with the terms of the Loan Documents, foreclose on any security held by one or more of them by one or more judicial or nonjudicial sales, accept an assignment of any such security in lieu of foreclosure, compromise or adjust any part of
the Guaranteed Obligations, make any other accommodation with the Borrower or any other Loan Party or exercise any other right or remedy available to them against the Borrower or any other Loan Party, without affecting or impairing in any way the
liability of any Guarantor hereunder except to the extent the Loan Document Obligations have been paid in full in cash (including LC Disbursements, if any, but excluding contingent obligations and obligations in respect of Letters of Credit which
have been cash collateralized in accordance with the Credit Agreement). To the fullest extent permitted by applicable law, each Guarantor waives any defense arising out of any such election even though such election operates, pursuant to applicable
law, to impair or to extinguish any right of reimbursement or subrogation or other right or remedy of such Guarantor against the Borrower or any other Loan Party, as the case may be, or any security. 

  
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 (c) Guarantee Limitation for Belgian Subsidiary Guarantors. In the case of any
Belgium Subsidiary Guarantor: 
 (i) The maximum aggregate amount payable under this Agreement by any such Belgian Subsidiary
Guarantor that is a party to this Agreement on the date hereof with respect to the obligations of the Borrower or any Subsidiary Guarantor which is not its Subsidiary shall in all circumstances be limited to an amount equal to the greater of:

 (A) an amount equal to the amount set forth opposite its name in Schedule 1 to this Agreement; and 

(B) the sum of (x) 90% of its own funds (eigen vermogen/capitaux propres) and (y) the aggregate amounts
owing from it in respect of Indebtedness to any other member of the Group. 
 (ii) The aggregate amount payable by any Belgian
Subsidiary Guarantor that becomes a party to this Agreement after the date hereof with respect to the obligations of the Borrower or any Subsidiary Guarantor which is not its Subsidiary shall be limited, if applicable, as may be agreed between the
Administrative Agent and that Subsidiary Guarantor and set out in the Supplement in respect of that Subsidiary Guarantor. 

(iii) Any reference in this Section 2.03(c), or in any guarantee limitation clause set out in a Supplement in respect of a Belgian
Subsidiary Guarantor, to the own funds of a Subsidiary Guarantor shall be deemed a reference to these own funds as of the date of its most recent audited annual financial statements available on the date on which the relevant demand under its
guarantee is made. 
 (iv) Any reference in this Section 2.03(c), or in any guarantee limitation clause set out in a
Supplement to amounts owing from a Belgian Subsidiary Guarantor to other members of the Group shall be deemed a reference to the outstanding amount thereof as of the date of its most recent audited annual financial statements available on the date
on which the relevant demand under its guarantee is made (or, if higher, as of the date on which the relevant demand under its guarantee is made). The burden of proof of the guarantee limitation set out in this Section 2.03(c) or in any
Supplement in respect of a Belgian Subsidiary Guarantor shall bear on the relevant Subsidiary Guarantor. In order to avail itself of any such limitation, a Belgian Subsidiary Guarantor must provide a certificate of its auditor confirming the amounts
owing from it to the other members of the Group at the relevant times. 
 (d) Guarantee Limitation for Luxembourg Subsidiary
Guarantors. 
 (i) Notwithstanding anything to the contrary contained in the Transaction Documents, the aggregate maximum
amount payable by any Luxembourg Subsidiary Guarantor in respect of the aggregate amount of its guarantee obligations under this Agreement and any other Transaction Document for the obligations of any Loan Party which is not its direct or indirect
Subsidiary shall be limited at any time to an aggregate amount not exceeding the higher of (in each case without double-counting): 
 (A) 95 percent of such Luxembourg Subsidiary Guarantor’s net assets (capitaux propres) and its subordinated debt (dettes subordonnées) (the “Luxembourg Subordinated
Debt”), as determined by article 34 of the Luxembourg law of December 19, 2002 on the Register of Commerce and Companies, on accounting and on annual accounts of the companies; and 

  
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 (B) the debt (other than the Luxembourg Subordinated Debt) owed by such
Luxembourg Subsidiary Guarantor to Holdings or any of its direct or indirect Subsidiaries as mentioned in the most recently approved or existing financial statements either at the date of this Agreement or at the date the guarantee is called.

 (ii) The above limitation shall not apply to amounts made available to the Loan Parties under the Transaction Documents which
have been directly or indirectly made available by the Loan Parties to any Subsidiary of the Luxembourg Subsidiary Guarantor. 

(e) Guarantee Limitation for German Subsidiary Guarantors. 
 (i) For the purpose of this Section 2.03(e): 
 (A)
“Guarantee Obligations” means the obligations and liabilities of the relevant Guarantor under Article II (The Guarantees) and under any other guarantee or indemnity provision in a Loan Document; 

(B) a reference to “Indirect Borrowings” of a Guarantor means the amount of Credit Extensions drawn by
the Borrower under a Loan Document to the extent on-lent to the relevant Guarantor plus any accrued and unpaid interest, costs and fees in respect of or attributable to that on-lending (and such amounts are not repaid); and 

(C) “Guarantee Demand Date” means the first date upon which a Guaranteed Party makes written demand upon
the relevant Guarantor to make payment in respect of its Guarantee Obligations. 
 (ii) To the extent that the guarantee made
herein is granted by a German Subsidiary Guarantor incorporated as a limited liability company (Gesellschaft mit beschränkter Haftung) (“GmbH”) or a limited partnership (Kommanditgesellschaft)
(“KG”) with a limited liability company as sole general partner (“GmbH & Co. KG”) and that the guarantee secures liabilities other than the own liabilities of the relevant German Subsidiary Guarantor or any
of its subsidiaries, the obligations to pay under the guarantee will be limited to such amount: 
 (A) as is
required to ensure that the amount of the German Subsidiary Guarantor’s net assets (or the net assets of its general partner if the German Subsidiary Guarantor is a GmbH & Co. KG), calculated as the sum of the balance sheet positions
shown under section 266 sub-section (2) (A), (B) and (C) of the German Commercial Code (Handelsgesetzbuch) (“HGB”) less the sum of the amounts shown under balance sheet positions shown under section 266
(3) (B), (C) and (D) HGB and any amounts not available for distribution to its shareholders in accordance with section 268 sub-section (8) HGB, does not fall below the amount of its registered share capital (Stammkapital);
or 
 (B) where the amount of the German Subsidiary Guarantor’s net assets (or the net assets of its general
partner if the German Subsidiary Guarantor is a GmbH & Co. KG) already is below the amount of its registered share capital, as is required as to ensure that such amount is not further reduced. 

(iii) The limits in clauses (e)(ii)(A) and (e)(ii)(B) above will not apply: 

(A) to the extent that the Guarantee Obligations of the relevant German Subsidiary Guarantor relate to the relevant
German Subsidiary Guarantor’s Indirect Borrowings; 

  
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 (B) if following the Guarantee Demand Date the relevant German Subsidiary
Guarantor (or its general partner if the relevant German Subsidiary Guarantor is a limited partnership) does not provide financial statements in accordance with clauses (e)(v) and (e)(vi) below; 

(C) if the relevant German Subsidiary Guarantor (or, if the German Subsidiary Guarantor is a GmbH & Co. KG, its
general partner) (as dominated entity) is party to a domination and/or profit and loss transfer agreement (Beherrschungs- und/oder Gewinnabführungsvertrag) (a “DPTA”), unless the Guarantor’s claim for absorption of
losses pursuant to section 302 German Stock Corporation Act (Aktiengesezt) (“AktG”) is or cannot be expected to be fully recoverable (unless a higher or supreme court has found by way of a final judgment that the requirement
of a fully recoverable counterclaim is not applicable if a DPTA is in place); or 
 (D) if and to the extent the
German Subsidiary Guarantor holds on the date of enforcement of the guarantee made herein a fully recoverable indemnity claim or claim for refund (vollwertiger Gegenleistungs- oder Rückgewähranspruch) against its shareholder.

 (iv) If, following a legislative amendment of, or the rendering of a final judgement by the Federal High Court of Justice
with respect to, section 30 et seq. German Limited Liability Companies Act (Gesetz betreffend die Gesellschaften mit beschrankter Haftung) (“GmbHG”) after the date of this Agreement, the German Subsidiary Guarantor submits
reasonable evidence that the exception referred to in clause (e)(iii)(C) above is no longer available to assist the relevant German Subsidiary Guarantor in not violating the capital maintenance requirements contained in section 30 et seq. GmbHG, the
limitations set out in this clause (e)(iv) shall apply in a way that clause (e)(iii)(C) shall no longer apply. 
 (v) For the
purpose of the calculation of the net assets of a German Subsidiary Guarantor, the following balance sheet items shall be adjusted as follows: 
 (A) the amount of any increase of the German Subsidiary Guarantor’s or its general partner’s registered share capital after the date of this agreement (i) that has been effected without the
prior written consent of the Administrative Agent, or (ii) to the extent that it is not fully paid up, shall be deducted from the German Subsidiary Guarantor’s or its general partner’s registered share capital; and 

(B) loans provided to the German Subsidiary Guarantor or its general partner by any Loan Party shall be disregarded if and
to the extent those loans are subordinated or are considered subordinated pursuant to section 39 para. 1 no. 5 and/or para. 2 of the German Insolvency Code (Insolvenzordnung – InsO); and 

(C) loans or other liabilities incurred in negligent or willful violation of the provisions of the Loan Documents shall be
disregarded. 
 For the purpose of the calculation of the net assets, the relevant German Subsidiary Guarantor will deliver (within 15 Business
Days following the Guarantee Demand Date) to the Administrative Agent a notification stating that and to which extent the amount payable in respect of its Guarantee Obligations shall be limited in accordance with clauses (e)(ii)(A) and (e)(ii)(B)
above and taking into account the adjustments in clause (e)(iv) above, such notification to be supported by evidence reasonably satisfactory to the Administrative Agent, i.e., interim financial statements (Stichtagsbilanz) showing the
balance sheet positions mentioned in clause (e)(ii)(A) above as of the date on which the enforcement of the obligations under this Section 2.03€ is sought (as set forth above, the “Management Determination”). 

  
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 (vi) Following the Administrative Agent’s receipt of the Management Determination, upon
the Administrative Agent’s request (acting reasonably) (the “Administrative Agent’s Request”), the relevant German Subsidiary Guarantor (or its general partner if the relevant German Subsidiary Guarantor is a limited
partnership) will deliver (within 25 Business Days following receipt of the Administrative Agent’s Request) to the Administrative Agent an up-to-date balance sheet drawn-up by a firm of auditors of international standard and repute together
with a determination of the net assets. Such balance sheet and determination of net assets shall be prepared in accordance with accounting principles pursuant to the German Commercial Code and be based on the same principles that were applied when
establishing the previous year’s balance sheet. The determination by the auditors (as set forth above, the “Auditors’ Determination”) pertaining to the relevant German Subsidiary Guarantor or, in the case of a
GmbH & Co. KG, its general partner shall have been prepared as of the date of the Guarantee Demand Date. 
 (vii) The
Administrative Agent shall be entitled to demand payment under the guarantee in an amount which would, in accordance with the Management Determination or, if applicable and taking into account any previous enforcement in accordance with the
Management Determination, the Auditors’ Determination, not cause the German Subsidiary Guarantor’s net assets (or if the German Subsidiary Guarantor is a limited partnership, its general partner’s net assets) to be reduced below zero
or further reduced if already below zero. If and to the extent the net assets as determined by the Auditors’ Determination are lower than the amount enforced in accordance with the Management Determination, the Administrative Agent shall
release to the relevant German Subsidiary Guarantor (or if the German Subsidiary Guarantor is a limited partnership, to its general partner) such exceeding enforcement proceeds. The Administrative Agent may withhold any amount received pursuant to
an enforcement of this guarantee until final determination of the amount of the net assets pursuant to the Auditors’ Determination. 
 (viii) In a situation where the relevant German Subsidiary Guarantor does not have sufficient net assets to maintain its registered share capital the relevant German Subsidiary Guarantor shall within
three months after a written request by the Administrative Agent, to the extent commercially justifiable, dispose of all assets which are not necessary for its business (nicht betriebsnotwendig) on market terms where the relevant assets are
shown in the balance sheet of the relevant German Subsidiary Guarantor with a book value which is significantly lower than the market value of such assets. After the expiry of such three months period the German Subsidiary Guarantor shall, within
three Business Days, notify the Administrative Agent or Common Collateral Agent of the amount of the net proceeds from the sale and submit a statement with a new calculation of the amount of the net assets of the German Subsidiary Guarantor (or if
the German Subsidiary Guarantor is a limited partnership, of its general partner) taking into account such proceeds. Such calculation shall, upon the Administrative Agent’s request (acting reasonably), be confirmed by one of the auditors of the
German Subsidiary Guarantor within a period of 20 Business Days following the request. 
 (ix) A Guarantor’s obligations
under this Section 2.03(e) will be subject to any limitation on the amount guaranteed which is contained in the Supplement (if applicable) by which that Guarantor becomes a Guarantor. 

SECTION 2.04. Reinstatement. Each Guarantor agrees that, unless released pursuant to Section 5.12(b) or as otherwise
contemplated by Section 2.03, its guarantee hereunder shall continue to be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of any Guaranteed Obligations is rescinded or must otherwise be restored by
any Guaranteed Party upon the bankruptcy or reorganization (or any analogous proceeding in any jurisdiction) of the Borrower, any other Loan Party or otherwise. 

  
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 SECTION 2.05. Agreement to Pay; Subrogation. In furtherance of the foregoing and not
in limitation of any other right that the Administrative Agent or any other Guaranteed Party has at law or in equity against any Guarantor by virtue hereof, upon the failure of the Borrower or any other Loan Party to pay any Guaranteed Obligation
when and as the same shall become due, whether at maturity, by acceleration, after notice of prepayment or otherwise, each Guarantor hereby promises to and will forthwith pay, or cause to be paid, to the Administrative Agent for distribution to the
applicable Guaranteed Parties in cash the amount of such unpaid Guaranteed Obligation. Upon payment by any Guarantor of any sums to the Administrative Agent as provided above, all rights of such Guarantor against the Borrower or any other Loan Party
arising as a result thereof by way of right of subrogation, contribution, reimbursement, indemnity or otherwise shall in all respects be subject to Article III. 
 SECTION 2.06. Information. Each Guarantor assumes all responsibility for being and keeping itself informed of the Borrower’s and each other Loan Party’s financial condition and assets,
and of all other circumstances bearing upon the risk of nonpayment of the Guaranteed Obligations and the nature, scope and extent of the risks that such Guarantor assumes and incurs hereunder, and agrees that none of the Guaranteed Parties will have
any duty to advise such Guarantor of information known to it or any of them regarding such circumstances or risks. 
 SECTION
2.07. Immediate Recourse. Each Subsidiary Guarantor waives any right it may have of first requiring any Loan Party (or any trustee or agent on its behalf) to proceed against or enforce any other rights or security or claim payment from any
person before claiming from that Subsidiary Guarantor under this Agreement. This waiver applies irrespective of any law or any provision of a Loan Document to the contrary. 
 SECTION 2.08. Payments Free of Taxes. Any and all payments by or on account of any obligation of any Guarantor hereunder or under any other Loan Document shall be made without deduction for any
Indemnified Taxes or Other Taxes on the same terms and to the same extent that payments by the Borrower are required to be so made pursuant to the terms of Section 2.17 of the Credit Agreement. The provisions of Section 2.17 of the Credit
Agreement shall apply to each Guarantor, mutatis mutandis. 
 SECTION 2.09. Parallel Debt (Covenant to Pay the First
Lien Agent). (a) Notwithstanding any other provision of this Agreement, each Belgian Subsidiary Guarantor hereby irrevocably and unconditionally undertakes to pay to each First Lien Agent, as creditor in its own right and not as
representative of the other Secured Parties, sums equal to and in the currency of each amount payable by such Belgian Subsidiary Guarantor to the Secured Parties under this Agreement and as and when that amount falls due for payment under this
Agreement or would have fallen due but for any discharge resulting from failure of another Secured Party to take appropriate steps, in insolvency proceedings affecting that Belgian Subsidiary Guarantor, to preserve its entitlement to be paid that
amount. 
 (b) Subject to the Intercreditor Agreement, each First Lien Agent shall have its own independent right to demand
payment of the amounts payable by each Belgian Subsidiary Guarantor under this Section 2.09, irrespective of any discharge of such Belgian Subsidiary Guarantor’s obligation to pay those amounts to the other Secured Parties resulting from
failure by them to take appropriate steps, in insolvency proceedings affecting that Belgian Subsidiary Guarantor, to preserve their entitlement to be paid those amounts. 
 (c) Any amount due and payable by a Belgian Subsidiary Guarantor to each First Lien Agent under this Section 2.09 shall be decreased to the extent that the other Secured Parties have received (and
are able to retain) payment in full of the corresponding amount under the other provisions of this Agreement and any amount due and payable by a Belgian Subsidiary Guarantor to the other Secured Parties under those provisions shall be decreased to
the extent that each First Lien Agent has received (and is able to retain) payment in full of the corresponding amount under this Section 2.09. 

  
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 SECTION 2.10. Parallel Debt (Covenant to Pay the Common Collateral Agent).
(a) Notwithstanding any other provision of this Agreement, each German Subsidiary Guarantor hereby irrevocably and unconditionally undertakes to pay to the Common Collateral Agent, as creditor in its own right and not as representative of the
other German Secured Parties, sums equal to and in the currency of each amount payable by such German Subsidiary Guarantor to the German Secured Parties under this Agreement and as and when that amount falls due for payment under this Agreement or
would have fallen due but for any discharge resulting from failure of another German Secured Party to take appropriate steps, in insolvency proceedings affecting that German Subsidiary Guarantor, to preserve its entitlement to be paid that amount.

 (b) Subject to the Intercreditor Agreement, the Common Collateral Agent shall have its own independent right to demand payment
of the amounts payable by each German Subsidiary Guarantor under this Section 2.10, irrespective of any discharge of such German Subsidiary Guarantor’s obligation to pay those amounts to the other German Secured Parties resulting from
failure by them to take appropriate steps, in insolvency proceedings affecting that German Subsidiary Guarantor, to preserve their entitlement to be paid those amounts. 
 (c) Any amount due and payable by a German Subsidiary Guarantor to the Common Collateral Agent under this Section 2.10 shall be decreased to the extent that the other German Secured Parties have
received (and are able to retain) payment in full of the corresponding amount under the other provisions of this Agreement and any amount due and payable by a German Subsidiary Guarantor to the other German Secured Parties under those provisions
shall be decreased to the extent that the Common Collateral Agent has received (and is able to retain) payment in full of the corresponding amount under this Section 2.10. For the avoidance of doubt, any limitations applicable to the
obligations of a German Subsidiary Guarantor under this Agreement shall also apply mutatis mutandis to the obligations of such German Subsidiary Guarantor under this Section 2.10. 

(d) The rights of the German Secured Parties (other than the Common Collateral Agent) to receive payment of amounts payable by each German
Subsidiary Guarantor under this Agreement are several and are separate and independent from, and without prejudice to, the rights of the Common Collateral Agent to receive payment under this Section 2.10. 

ARTICLE III 

Subrogation and Subordination 
 SECTION 3.01. [Reserved]. 
 SECTION 3.02. Contribution and
Subrogation. Each Guarantor (a “Contributing Party”) agrees (subject to Section 3.03) that, in the event a payment shall be made by any other Guarantor (the “Claiming Party”) hereunder in respect of any
Guaranteed Obligations or assets of any other Guarantor shall be sold pursuant to any Security Document to satisfy any Guaranteed Obligation owed to any Guaranteed Party, the Contributing Party shall indemnify the Claiming Party in an amount equal
to the amount of such payment or the greater of the book value or the fair market value of such assets, as the case may be, in each case multiplied by a fraction of which the numerator shall be the net worth of the Contributing Party on the date
hereof (or, in the case of any Guarantor becoming a party hereto pursuant to Section 5.13, the date of the Supplement executed and delivered by such Guarantor) and the denominator shall be the aggregate net worth of all the Guarantors on the
date hereof (or, in the case of any Guarantor becoming a party hereto pursuant to Section 5.13, such other date). The limitations pursuant to Section 2.03 shall apply mutatis mutandis with regard to any obligations of a Contributing
Party under this Section 3.02. 

  
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 SECTION 3.03. Subordination. 

(a) Notwithstanding any provision of this Agreement to the contrary, all rights of the Guarantors under Section 3.02 and all other
rights of the Guarantors of contribution or subrogation under applicable law or otherwise shall be fully subordinated to the payment in full in cash of all the Loan Document Obligations (including LC Disbursements, if any, but excluding contingent
obligations and obligations in respect of Letters of Credit which have been cash collateralized in accordance with the Credit Agreement). No failure on the part of the Borrower or any Guarantor to make the payments required by Section 3.02 (or
any other payments required under applicable law or otherwise) shall in any respect limit the obligations and liabilities of any Guarantor with respect to its obligations hereunder, and each Guarantor shall remain liable for the full amount of the
obligations of such Guarantor hereunder. 
 (b) Each Guarantor hereby agrees that upon the occurrence and during the continuance
of an Event of Default and after notice from the Administrative Agent (provided that no such notice shall be required to be given in the case of any Event of Default arising under Section 7.01(h) or 7.01(i) of the Credit Agreement), all
Indebtedness and other monetary obligations owed by it to any Guarantor, or to it by any other Guarantor or any other Restricted Subsidiary shall be fully subordinated to the payment in full in cash of all the Loan Document Obligations (including LC
Disbursements, if any, but excluding contingent obligations and obligations in respect of Letters of Credit which have been cash collateralized in accordance with the Credit Agreement). 

ARTICLE IV 

Representations and Warranties 
 Each Subsidiary Guarantor represents and warrants to the Administrative Agent and the other Guaranteed Parties that (a) the execution, delivery and performance by such Subsidiary Guarantor of this
Agreement have been duly authorized by all necessary corporate or other action and, if required, action by the holders of such Subsidiary Guarantor’s Equity Interests, and that this Agreement has been duly executed and delivered by such
Subsidiary Guarantor and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’
rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law, and (b) all representations and warranties set forth in the Credit Agreement applicable to such Subsidiary
Guarantor are true and correct in all material respects; provided that any representation and warranty that is qualified as to “materiality,” “Material Adverse Effect” or similar language is true and correct in all
respects (after giving effect to such qualification). 
 ARTICLE V 

Miscellaneous 
 SECTION 5.01. Notices. All communications and notices hereunder shall (except as otherwise expressly permitted herein) be in writing and given as provided in Section 9.01 of the Credit
Agreement. All communications and notices hereunder to any Subsidiary Guarantor shall be given to it in care of the Borrower as provided in Section 9.01 of the Credit Agreement. 

  
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 SECTION 5.02. Waivers; Amendment. 

(a) No failure or delay by the Administrative Agent, any Issuing Bank or any Lender in exercising any right or power hereunder or under
any other Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise
thereof or the exercise of any other right or power. The rights and remedies of the Administrative Agent, the Issuing Banks and the Lenders hereunder and under the other Loan Documents are cumulative and are not exclusive of any rights or remedies
that they would otherwise have. No waiver of any provision of this Agreement or consent to any departure by any Loan Party therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) of this Section 5.02,
and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. Without limiting the generality of the foregoing, the making of a Loan or issuance of a Letter of Credit shall not be construed as
a waiver of any Default, regardless of whether the Administrative Agent, any Lender or any Issuing Bank may have had notice or knowledge of such Default at the time. No notice or demand on any Loan Party in any case shall entitle any Loan Party to
any other or further notice or demand in similar or other circumstances. 
 (b) Neither this Agreement nor any provision hereof
may be waived, amended or modified except pursuant to an agreement or agreements in writing entered into by the Administrative Agent and the Guarantor or Guarantors with respect to which such waiver, amendment or modification is to apply, subject to
any consent required in accordance with Section 9.02 of the Credit Agreement; provided that the Administrative Agent may, without the consent of any Guaranteed Party, consent to a departure by any Guarantor from any covenant of such
Guarantor set forth herein to the extent such departure is consistent with the authority of the Administrative Agent set forth in the definition of the term “Collateral and Guarantee Requirement” in the Credit Agreement. 

SECTION 5.03. Administrative Agent’s Fees and Expenses; Indemnification. 

(a) Each Guarantor, jointly with the other Guarantors and severally, agrees to reimburse the Administrative Agent for its fees and
expenses incurred hereunder as provided in Section 9.03(a) of the Credit Agreement; provided that each reference therein to the “Borrower” shall be deemed to be a reference to “each Guarantor.” 

(b) Without limitation of its indemnification obligations under the other Loan Documents, each Guarantor, jointly with the other
Guarantors and severally, agrees to indemnify the Administrative Agent and the other Indemnitees against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and reasonable and documented or invoiced
out-of-pocket fees and expenses of any counsel for any Indemnitee, incurred by or asserted against any Indemnitee by any third party or by Holdings, the Borrower or any Subsidiary arising out of, in connection with, or as a result of the execution,
delivery or performance of this Agreement or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by
Holdings, the Borrower or any Subsidiary and regardless of whether any Indemnitee is a party thereto; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities,
costs or related expenses to the extent determined by a court of competent jurisdiction in a final and non-appealable judgment to have resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or such
Indemnitee’s Affiliates or any of its or their respective officers, directors, employees, agents, controlling persons or members, (y) a material breach of a funding obligation under the Loan Documents by the Administrative Agent, an
Issuing Bank, a Lender, the Documentation Agent, the Syndication Agents or the Joint Bookrunners or (z) any claim, action, suit, inquiry, litigation, investigation or proceeding that does not involve an act or omission of the Borrower or any of
its Affiliates and that is brought by an Indemnitee against any other Indemnitee (other than any claim, action, suit, inquiry, litigation, investigation or proceeding against the Administrative Agent in its capacity as such). 

  
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 (c) To the extent permitted by applicable law, no Guarantor shall assert, and each Guarantor
hereby waives, any claim against any Indemnitee (i) for any damages arising from the use by unintended recipients of information or other materials distributed to such unintended recipients by such Indemnitee through telecommunications,
electronic or other information transmission systems (including the Internet) in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby; provided that such indemnity shall not, as to any
Indemnitee, be available to the extent that such damages are determined by a court of competent jurisdiction by final, non-appealable judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee or (ii) on any
theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of this Agreement, any other Loan Document or any agreement or instrument
contemplated hereby or thereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof. 
 (d) The
provisions of this Section 5.03 shall remain operative and in full force and effect regardless of the termination of this Agreement or any other Loan Document, the consummation of the transactions contemplated hereby or thereby, the repayment
of any of the Guaranteed Obligations, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document, or any investigation made by or on behalf of any Guaranteed Party. All amounts due under this Section
shall be payable not later than 10 Business Days after written demand therefore; provided, however, any Indemnitee shall promptly refund an indemnification payment received hereunder to the extent that there is a final judicial
determination that such Indemnitee was not entitled to indemnification with respect to such payment pursuant to this Section 5.03. Any such amounts payable as provided hereunder shall be additional Guaranteed Obligations. 

SECTION 5.04. Successors and Assigns. Whenever in this Agreement any of the parties hereto is referred to, such reference shall be
deemed to include the permitted successors and assigns of such party; and all covenants, promises and agreements by or on behalf of any Guarantor or the Administrative Agent that are contained in this Agreement shall bind and inure to the benefit of
their respective successors and assigns. 
 SECTION 5.05. Survival of Agreement. All covenants, agreements,
representations and warranties made by the Loan Parties in this Agreement or any other Loan Document and in the certificates or other instruments delivered in connection with or pursuant to this Agreement or any other Loan Document shall be
considered to have been relied upon by the Guaranteed Parties and shall survive the execution and delivery of the Loan Documents and the making of any Loans and issuance of any Letters of Credit, regardless of any investigation made by or on behalf
of any Guaranteed Party and notwithstanding that the Administrative Agent, any Issuing Bank, any Lender or any other Guaranteed Party may have had notice or knowledge of any Default or incorrect representation or warranty at the time any credit is
extended under the Credit Agreement or any other Loan Document, and shall continue in full force and effect until such time as (a) all the Loan Document Obligations (including LC Disbursements, if any, but excluding contingent obligations and
obligations in respect of Letters of Credit which have been cash collateralized in accordance with the Credit Agreement) have been paid in full in cash, (b) all Commitments have terminated or expired and (c) the LC Exposure has been
reduced to zero (including as a result of obtaining the consent of the applicable Issuing Bank as described in Section 9.05 of the Credit Agreement). Each of the Guarantors agrees that its obligations hereunder and the security interest created
hereunder shall continue to be effective or be reinstated, as applicable, if at any time payment, or any part thereof, of all or any part of the Guaranteed Obligations is rescinded or must otherwise be restored by the Guaranteed Party upon the
bankruptcy or reorganization of any Guarantor or otherwise. 

  
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 SECTION 5.06. Counterparts; Effectiveness; Several Agreement. This Agreement may be
executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original but all of which when taken together shall constitute a single contract. Delivery of an executed signature page to this
Agreement by facsimile or other electronic transmission shall be effective as delivery of a manually signed counterpart of this Agreement. This Agreement shall become effective as to any Guarantor when a counterpart hereof executed on behalf of such
Guarantor shall have been delivered to the Administrative Agent and a counterpart hereof shall have been executed on behalf of the Administrative Agent, and thereafter shall be binding upon such Guarantor and the Administrative Agent and their
respective permitted successors and assigns, and shall inure to the benefit of such Guarantor, the Administrative Agent and the other Guaranteed Parties and their respective successors and assigns, except that no Guarantor shall have the right to
assign or transfer its rights or obligations hereunder or any interest herein (and any such assignment or transfer shall be void) except as expressly provided in this Agreement and the Credit Agreement. This Agreement shall be construed as a
separate agreement with respect to each Guarantor and may be amended, modified, supplemented, waived or released with respect to any Guarantor without the approval of any other Guarantor and without affecting the obligations of any other Guarantor
hereunder. 
 SECTION 5.07. Severability. Any provision of this Agreement held to be invalid, illegal or unenforceable in
any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a
particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. The parties hereto shall endeavor in good faith negotiations to replace any invalid, illegal or unenforceable provisions with valid,
legal and enforceable provisions the economic effect of which comes as close as reasonably possible to that of the invalid, illegal or unenforceable provisions. 
 SECTION 5.08. Right of Set-Off. If an Event of Default shall have occurred and be continuing, each Lender, each Issuing Bank and each of their respective Affiliates is hereby authorized at any time
and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final, in whatever currency) at any time held and other obligations (in whatever currency)
at any time owing by such Lender, such Issuing Bank or any such Affiliate to or for the credit or the account of any Guarantor against any of and all the obligations of such Guarantor then due and owing under this Agreement held by such Lender or
such Issuing Bank, irrespective of whether or not such Lender or such Issuing Bank shall have made any demand under this Agreement and although (i) such obligations may be contingent or unmatured and (ii) such obligations are owed to a
branch or office of such Lender or such Issuing Bank different from the branch or office holding such deposit or obligated on such Indebtedness. The applicable Lender or Issuing Bank shall notify the applicable Guarantor and the Administrative Agent
of such setoff and application; provided that any failure to give or any delay in giving such notice shall not affect the validity of any such setoff and application under this Section 5.08. The rights of each Lender, each Issuing Bank
and their respective Affiliates under this Section 5.08 are in addition to other rights and remedies (including other rights of setoff) that such Lender, such Issuing Bank and their respective Affiliates may have. 

SECTION 5.09. Governing Law; Jurisdiction; Consent to Service of Process; Appointment of Service of Process Agent. 

(a) This Agreement shall be construed and enforced in accordance with and governed by the laws of the State of New York. 

  
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 (b) Each party hereto hereby irrevocably and unconditionally: 

(i) submits for itself and its property in any legal action or proceeding relating to this Agreement and the other Loan Documents to which
it is a party, or for recognition and enforcement of any judgment in respect thereof, to the general and exclusive jurisdiction of the Supreme Court of the State of New York for the County of New York (the “New York Supreme Court”),
and the United States District Court for the Southern District of New York (the “Federal District Court,” and together with the New York Supreme Court, the “New York Courts”), and appellate courts from either of
them; 
 (ii) consents that any such action or proceeding may be brought in such courts and waives, to the maximum extent not
prohibited by law, any objection that it may now or hereafter have to the venue of any such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient forum and agrees not to plead or claim the same;

 (iii) agrees that the New York Courts and appellate courts from either of them shall be the exclusive forum for any legal
action or proceeding relating to this Agreement and the other Loan Documents to which it is a party, and that it shall not initiate (or collusively assist in the initiation or prosecution of) any such action or proceeding in any court other than the
New York Courts and appellate courts from either of them; provided that 
 (A) if all such New York Courts
decline jurisdiction over any Person, or decline (or in the case of the Federal District Court, lack) jurisdiction over the subject matter of such action or proceeding, a legal action or proceeding may be brought with respect thereto in another
court having such jurisdiction; 
 (B) in the event that a legal action or proceeding is brought against any
party hereto or involving any of its property or assets in another court (without any collusive assistance by such party or any of its Subsidiaries or Affiliates), such party shall be entitled to assert any claim or defense (including any claim or
defense that this Section 5.09(b)(iii) would otherwise require to be asserted in a legal action or proceeding in a New York Court) in any such action or proceeding; 

(C) the Administrative Agent and the Lenders may bring any legal action or proceeding against any Guarantor in any
jurisdiction in connection with the exercise of any rights under this Agreement and the other Security Documents; provided that any Guarantor shall be entitled to assert any claim or defense (including any claim or defense that this
Section 5.09(b)(iii) would otherwise require to be asserted in a legal action or proceeding in a New York Court) in any such action or proceeding; and 
 (D) any party hereto may bring any legal action or proceeding in any jurisdiction for the recognition and enforcement of any judgment; 

(iv) agrees that service of process in any such action or proceeding may be effected by mailing a copy thereof by registered or certified
mail (or any substantially similar form of mail), postage prepaid, to the Borrower, the applicable Lender or the Administrative Agent, as the case may be, in the manner provided for notices in Section 5.01 or at such other address of which the
Administrative Agent, any such Lender and the Borrower shall have been notified pursuant thereto; and 

  
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 (v) agrees that nothing herein shall affect the right to effect service of
process in any other manner permitted by law or (subject to the preceding clause (iii)) shall limit the right to sue in any other jurisdiction. 
 (c) Each Subsidiary Guarantor hereby irrevocably designates, appoints and empowers the Borrower as its designee, appointee and agent to receive, accept and acknowledge for and on its behalf, and in
respect of its property, service of any and all legal process, summons, notices and documents that may be served in any such action or proceeding. 
 SECTION 5.10. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR
INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT, ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE,
AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN
INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 5.10. 
 SECTION 5.11. Headings. Article and Section headings and the Table of Contents used herein are for convenience of reference only, are not part of this Agreement and shall not affect the
construction of, or to be taken into consideration in interpreting, this Agreement. 
 SECTION 5.12. Termination or
Release. 
 (a) Subject to Section 2.04, this Agreement and the Guarantees made herein shall terminate when (i) all
the Loan Document Obligations (including LC Disbursements, if any, but excluding contingent obligations and obligations in respect of Letters of Credit which have been cash collateralized in accordance with the Credit Agreement) have been paid in
full in cash, (ii) all Commitments have terminated or expired and (iii) the LC Exposure has been reduced to zero (including as a result of obtaining the consent of the applicable Issuing Bank as described in Section 9.05 of the Credit
Agreement). 
 (b) The guarantee of any Person that becomes a Successor Borrower in accordance with Section 6.05(q) of the
Credit Agreement shall terminate and be released at the time such Person becomes a Successor Borrower. 
 (c) The guarantees made
herein shall also terminate and be released at the time or times and in the manner set forth in Section 9.15 of the Credit Agreement. 
 (d) In connection with any termination or release pursuant to paragraph (a), (b) or (c) of this Section, the Administrative Agent shall execute and deliver to any Loan Party, at such Loan
Party’s expense, all documents that such Loan Party shall reasonably request to evidence such termination or release so long as the applicable Loan Party shall have provided the Administrative Agent such certifications or documents as the
Administrative Agent shall reasonably request in order to demonstrate compliance with this Section 5.12. Any execution and delivery of documents by the Administrative Agent pursuant to this Section 5.12 shall be without recourse to or
warranty by the Administrative Agent. 

  
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 SECTION 5.13. Additional Guarantors. Pursuant to the Credit Agreement, additional
Subsidiaries may be required to become Guarantors after the date hereof. Upon execution and delivery by the Administrative Agent and a Subsidiary of a Supplement, any such Subsidiary shall become a Guarantor hereunder with the same force and effect
as if originally named as such herein. The execution and delivery of any such instrument shall not require the consent of any other Guarantor hereunder. The rights and obligations of each Guarantor hereunder shall remain in full force and effect
notwithstanding the addition of any Subsidiary as a party to this Agreement. 
 SECTION 5.14. Currency of Payments of
Guaranteed Obligations. The obligations of the Guarantors under this Agreement to make payments in the respective currency or currencies in which the respective Guaranteed Obligations are required to be paid (such currency being herein called
the “Obligation Currency”) shall not be discharged or satisfied by any tender or recovery pursuant to any judgment expressed in or converted into any currency other than the Obligation Currency, except to the extent that such tender or
recovery results in the effective receipt by the Administrative Agent or the other Secured Party of the full amount of the Obligation Currency expressed to be payable to the Administrative Agent, the Collateral Agent or such other Secured Party
under this Agreement or the other Loan Documents or any Guarantee Swap Agreement or any Guaranteed Cash Management Obligations, as applicable. If for the purpose of obtaining or enforcing judgment against the Guarantors in any court or in any
jurisdiction, it becomes necessary to convert into or from any currency other than the Obligation Currency (such other currency being hereinafter referred to as the “Judgment Currency”) an amount due in the Obligation Currency, the
conversion shall be made, at the rate of exchange (quoted by the Administrative Agent, determined, in each case, as of the date immediately preceding the day on which the judgment is given (such Business Day being hereinafter referred to as the
“Judgment Currency Conversion Date”). 
 [Signature Pages Follow] 

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

			
	 TAMINCO INTERMEDIATE CORPORATION,

		
	 By:
	 	 /s/ Laurent Lenoir

		 	Name: Laurent Lenoir
		 	Title: Chief Executive Officer
	
	 TAMINCO GROUP HOLDINGS S.À R.L.

		
	 By:
	 	 /s/ Laurent Lenoir

		 	Name: Laurent Lenoir
		 	Title: Manager
	
	 TAMINCO NORTH BVBA

		
	 By:
	 	 /s/ Pol Vanderhaeghen

		 	Name: Pol Vanderhaeghen
		 	Title: Director
	
	 TAMINCO GERMANY GMBH

		
	 By:
	 	 /s/ Roel Frère

		 	Name: Roel Frère
		 	Title: Geschäftsführer
	
	 TAMINCO INC.

		
	 By:
	 	 /s/ Geoff Ingham

		 	Name: Geoff Ingham
		 	Title: President
	
	 TAMINCO GROUP NV

	 TAMINCO NV

		
	 By:
	 	 /s/ Laurent Lenoir

		 	Name: Laurent Lenoir
		 	Title: Director

 SIGNATURE PAGE TO MASTER GUARANTEE AGREEMENT 

 
			
	CITIBANK, N.A., as Administrative Agent
		
	 By:
	 	 /s/ Kirkwood Roland

		 	Name: Kirkwood Roland
		 	Title: Director & Vice President
	
	 CITIBANK, N.A., not in its individual capacity, but
 solely as Common Collateral Agent

		
	 By:
	 	 /s/ Kirkland Roland

		 	Name: Kirkland Roland
		 	Title: Director & Vice President
	
	CITIBANK INTERNATIONAL PLC, as Belgian sub-agent for the Secured Parties
		
	 By:
	 	 /s/ Viola Japaul

		 	Name: Viola Japaul
		 	Title: Delegated Signatory

 SIGNATURE PAGE TO MASTER GUARANTEE AGREEMENT 

 Schedule I to 
 the Master Guarantee Agreement 
 INITIAL BELGIAN SUBSIDIARY GUARANTORS 

 

					
	Name	  	Registration number	  	Minimum amount guaranteed
	 Taminco Group NV
	  	891,533,631 (RPM/RPR Ghent)	  	EUR 213,488,957
			
	 Taminco NV
	  	859,910,443 (RPM/RPR Ghent)	  	EUR 345,909,127
			
	 Taminco North BVBA
	  	883,356,234 (RPM/RPR Ghent)	  	EUR 298,260,120

 Exhibit A to 
 the Master Guarantee Agreement 
 SUPPLEMENT NO.
            dated as of [ ], 20[ ] to the Master Guarantee Agreement dated as of February 15, 2012 (the “Guarantee Agreement”), among TAMINCO INTERMEDIATE CORPORATION
(“Holdings”), the subsidiaries of Holdings party thereto (Holdings and such subsidiaries of Holdings being collectively referred to as the “Guarantors”) and CITIBANK, N.A., as Administrative Agent. 

A. Reference is made to the Credit Agreement dated as of February 15, 2012 (as amended, supplemented or otherwise modified from
time to time, the “Credit Agreement”), among Holdings, Taminco Global Chemical Corporation (the “Borrower”), the Lenders from time to time party thereto and Citibank, N.A., as Administrative Agent. 

B. Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Credit Agreement
and the Guarantee Agreement referred to therein, as applicable. 
 C. The Guarantors have entered into the Guarantee Agreement
in order to induce the Lenders and the Issuing Banks to extend credit to the Borrower. Section 5.13 of the Guarantee Agreement provides that additional Subsidiaries may become Guarantors under the Guarantee Agreement by execution and delivery
of an instrument in the form of this Supplement. The undersigned Subsidiary (the “New Guarantor”) is executing this Supplement to become a Guarantor under the Guarantee Agreement in order to induce the Lenders and the Issuing Banks
to make additional extensions of credit under the Credit Agreement and as consideration for such extensions of credit previously issued. 
 Accordingly, the Administrative Agent and the New Guarantor agree as follows: 
 SECTION 1. In accordance with Section 5.13 of the Guarantee Agreement, [but subject to Section 9 below,]1 the New Guarantor by its signature below becomes a Guarantor under the Guarantee Agreement with the same force and
effect as if originally named therein as a Guarantor, and the New Guarantor hereby agrees to all the terms and provisions of the Guarantee Agreement applicable to it as a Guarantor thereunder. Each reference to a “Subsidiary Guarantor” or
a “Guarantor” in the Guarantee Agreement shall be deemed to include the New Guarantor. The Guarantee Agreement is hereby incorporated herein by reference. Without limiting the foregoing, the New Guarantor irrevocably and unconditionally
guarantees to each of the Guaranteed Parties, jointly with the other Guarantors and severally, as a primary obligor and not merely as a surety, by way of an independent payment obligation, the due and punctual payment and performance of the
Guaranteed Obligations. 
 SECTION 2. The New Guarantor represents and warrants to the Administrative Agent and the other
Guaranteed Parties that (a) the execution, delivery and performance by the New Guarantor of this Supplement have been duly authorized by all necessary corporate or other action and, if required, action by the holders of such New
Guarantor’s Equity Interests, and that this Supplement has been duly executed and delivered by the New Guarantor and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms, subject to applicable
bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law, and (b) all
representations 
  
  

	1 	 Include if guarantee limitation language is incorporated into Section 9 of this Supplement. 

  
 A-1

 and warranties set forth in the Credit Agreement applicable to the New Guarantor are true and correct in all
material respects as of the date hereof; provided that, to the extent such representations and warranties specifically refer to an earlier date, they are true and correct in all material respects as of such earlier date; provided,
further that any representation and warranty that is qualified as to “materiality,” “Material Adverse Effect” or similar language is true and correct in all respects (after giving effect to such qualification). 

SECTION 3. This Supplement may be executed in counterparts (and by different parties hereto on different counterparts), each of which
shall constitute an original but all of which when taken together shall constitute a single contract. Delivery of an executed signature page to this Supplement by facsimile or other electronic transmission shall be effective as delivery of a
manually signed counterpart of this Supplement. This Supplement shall become effective as to the New Guarantor when a counterpart hereof executed on behalf of the New Guarantor shall have been delivered to the Administrative Agent and a counterpart
hereof shall have been executed on behalf of the Administrative Agent, and thereafter shall be binding upon the New Guarantor and the Administrative Agent and their respective permitted successors and assigns, and shall inure to the benefit of the
New Guarantor, the Administrative Agent and the other Guaranteed Parties and their respective successors and assigns, except that the New Guarantor shall not have the right to assign or transfer its rights or obligations hereunder or any interest
herein (and any such assignment or transfer shall be void) except as expressly provided in this Supplement, the Guarantee Agreement and the Credit Agreement. 
 SECTION 4. Except as expressly supplemented hereby, the Guarantee Agreement shall remain in full force and effect. 
 SECTION 5. THIS SUPPLEMENT SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. 

SECTION 6. Any provision of this Supplement held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a particular provision in a
particular jurisdiction shall not invalidate such provision in any other jurisdiction. The parties hereto shall endeavor in good faith negotiations to replace any invalid, illegal or unenforceable provisions with valid, legal and enforceable
provisions the economic effect of which comes as close as reasonably possible to that of the invalid, illegal or unenforceable provisions. 
 SECTION 7. All communications and notices hereunder shall be in writing and given as provided in Section 5.01 of the Guarantee Agreement. 

SECTION 8. The New Guarantor agrees to reimburse the Administrative Agent for its fees and expenses incurred hereunder and under the
Guarantee Agreement as provided in Section 9.03(a) of the Credit Agreement; provided that each reference therein to the “Borrower” shall be deemed to be a reference to “the New Guarantor.” 

SECTION 9. The New Guarantor is a [company] duly [incorporated] under the law of [name of relevant jurisdiction].
[Insert any required limitation language.] 

  
 A-2

 IN WITNESS WHEREOF, the New Guarantor and the Administrative Agent have duly executed this
Supplement to the Master Guarantee Agreement as of the day and year first above written. 
  

			
	[NAME OF NEW GUARANTOR],
		
	 By:
	 	  

		 	Name:
		 	Title:
	
	CITIBANK, N.A., as Administrative Agent, on behalf of itself and the other Guaranteed Parties,
		
	 By:
	 	  

		 	Name:
		 	Title:

 SIGNATURE PAGE TO SUPPLEMENT TO THE MASTER GUARANTEE AGREEMENTNotes Intercreditor Agreement

 Exhibit 10.5 
 NOTES INTERCREDITOR AGREEMENT 
 THIS NOTES INTERCREDITOR AGREEMENT is dated
as of February 15, 2012, among CITIBANK, N.A., as Credit Agreement Agent, each Other First Priority Lien Obligations Agent from time to time party hereto, each in its capacity as First Lien Agent, WILMINGTON TRUST, NATIONAL ASSOCIATION, as
Trustee and Second Priority Collateral Agent, each collateral agent for any Future Second Lien Indebtedness from time to time party hereto, each in its capacity as Second Priority Agent and CITIBANK, N.A., as Common Collateral Agent. 

A. WHEREAS, Taminco Global Chemical Corporation, a Delaware corporation (the “Issuer”) (i) is party to the Credit
Agreement dated as of February 15, 2012 (as the same may be amended, amended and restated, replaced, refinanced, supplemented or otherwise modified from time to time, the “Credit Agreement”) among Taminco Intermediate
Corporation, a Delaware corporation (“Holdings”), the Issuer, the lenders party thereto from time to time, Citibank, N.A., as administrative agent, and the other parties thereto, and (ii) may become a party to Other First
Priority Lien Obligations Credit Documents; 
 B. WHEREAS, the Issuer (i) is party to the Indenture dated as of
February 3, 2012 (as the same may be amended, amended and restated, replaced, refinanced, supplemented or otherwise modified from time to time, the “Second Priority Senior Secured Notes Indenture”), under which the Second Lien
Notes were issued, among the Issuer, as obligor, Holdings, as guarantor, the other guarantors party thereto and Wilmington Trust, National Association, as Trustee and Second Priority Collateral Agent and (ii) may become a party to Second
Priority Documents governing Future Second Lien Indebtedness; and 
 Accordingly, in consideration of the foregoing, the mutual
covenants and obligations herein set forth and for other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows: 

SECTION 1. Definitions. 
 1.1. Defined Terms. As used in this Agreement, the following terms have the meanings specified below: 
 “Agreement” shall mean this Agreement, as amended, renewed, extended, supplemented or otherwise modified from time to time in accordance with the terms hereof. 

“Affiliate” shall mean any “Affiliate” as defined in the Credit Agreement. 

“Approved Bank” shall mean any commercial bank of the Issuer that (i) is a Lender or (ii) has combined capital
and surplus of at least $250,000,000. 
 “Bankruptcy Code” or “Bankruptcy Law” shall mean
Title 11 of the United States Code, as amended, or any similar federal, state or foreign law for the relief of debtors. 

 “Closing Date” shall mean February 15, 2012. 

“Common Collateral” shall mean all of the assets of any Grantor, whether real, personal or mixed, constituting both
Senior Lender Collateral and Second Priority Collateral, including without limitation any assets in which the First Lien Agents are automatically deemed to have a Lien pursuant to the provisions of Section 2.3. 

“Common Collateral Agent” shall mean, in relation to the German Security Documents, the Credit Agreement Agent solely in
its capacity as collateral agent under the German Security Documents and any successor thereto appointed in accordance herewith. 
 “Common Secured Documents” shall mean the Senior Guaranty Agreement and the Second Priority Senior Secured Notes Indenture. 

“Comparable Second Priority Collateral Document” shall mean, in relation to any Common Collateral subject to any Lien
created under any Senior Collateral Document, those Second Priority Collateral Documents that create a Lien on the same Common Collateral, granted by the same Grantor. 
 “Credit Agreement” shall have the meaning set forth in the recitals. 
 “Credit Agreement Agent” shall mean Citibank, N.A., in its capacity as administrative agent for the Senior Lenders under the Credit Agreement and the other Senior Lender Documents entered
into pursuant to the Credit Agreement, together with its successors in such capacity. 
 “Default” shall mean
any “Default” as defined in the Credit Agreement. 
 “Defaulting Lender” shall mean any
“Defaulting Lender” as defined in the Credit Agreement. 
 “DIP Financing” shall have the meaning set
forth in Section 6.1. 
 “Discharge of Senior Lender Claims” shall mean, except to the extent otherwise
provided in Section 5.7 below, the payment in full in cash (except for contingent indemnities and cost and reimbursement obligations not then due) of (a) all Obligations in respect of all outstanding Senior Lender Claims and, with respect
to letters of credit or letter of credit guaranties outstanding thereunder, delivery of cash collateral or backstop letters of credit in respect thereof in compliance with the Credit Agreement, in each case after or concurrently with the termination
of all commitments to extend credit thereunder and (b) any other Senior Lender Claims that are due and payable or otherwise accrued and owing at or prior to the time such principal and interest are paid; provided that the Discharge of
Senior Lender Claims shall not be deemed to have occurred if such payments are made with the proceeds of other Senior Lender Claims that constitute an exchange or replacement for or a refinancing of such Obligations or Senior Lender Claims. In the
event the Senior Lender Claims are modified and the Obligations are paid over time or otherwise modified pursuant to Section 1129 of the Bankruptcy Code, the Senior Lender Claims shall be deemed to be discharged when the final payment is made,
in cash, in respect of such indebtedness and any obligations pursuant to such new indebtedness shall have been satisfied. 

  
 -2-

 “First Lien Agent” shall mean each of (a) the Credit Agreement Agent,
(b) any Other First Priority Lien Obligations Agent and (c) solely in its capacity as agent for the German Secured Parties that are Senior Lenders pursuant to the German Security Documents, the Common Collateral Agent. 

“First Lien Floating Charge Agreement” means the First Ranking Floating Charge Agreement, dated as of February 15,
2012, between Taminco NV, the Credit Agreement Agent and Citibank International plc. 
 “First Lien Floating Charge
Mandate” means the First Ranking Floating Charge Mandate, dated as of February 15, 2012, granted by Taminco NV to the attorneys named therein. 
 “First Lien Sub-Agent” shall mean Citibank International plc in its capacity as collateral sub-agent for the Senior Lenders under the First Lien Floating Charge and the First Lien
Floating Charge Mandate together with its successor in such capacity. 
 “First Priority Designated Agent”
shall mean such agent or trustee as is designated “First Priority Designated Agent” by Senior Lenders holding a majority in principal amount of the Senior Lender Claims then outstanding; provided that so long as the Credit Agreement
is outstanding, the Credit Agreement Agent shall be so designated as the First Priority Designated Agent. 
 “Future
Second Lien Indebtedness” shall mean Indebtedness or Obligations (other than Noteholder Claims) of the Issuer or any of its Subsidiaries, to the extent applicable, that are to be equally and ratably secured with the Noteholder Claims and
are so designated as Future Second Lien Indebtedness in accordance with Section 8.22 hereof; provided, however, that such Future Second Lien Indebtedness is permitted to be so incurred in accordance with any Senior Lender
Documents and any Second Priority Documents, as applicable. 
 “German Grantor” shall mean any Grantor which is
party to any German Security Document. 
 “German Secured Parties” shall mean the Second Priority Secured
Parties from time to time, the Common Collateral Agent and the Guaranteed Parties (as defined in the Senior Guaranty Agreement). 
 “German Security Document” shall mean any security agreement, pledge, charge, security assignment, security transfer, land charge, mortgage or other agreement, document or instrument
pursuant to which a Lien is now or hereafter granted in favor of the Common Collateral Agent by a Grantor incorporated in Germany and/or where such agreement, document or instrument is governed by German law in each case which secure the Senior
Lender Claims and the Noteholder Claims or under which rights or remedies with respect to such Lien are at any time governed. 

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

  
 -3-

 “Grantors” shall mean the Issuer, Holdings, and each other Loan Party (as
defined in the Credit Agreement), in each case, that has executed and delivered a Senior Collateral Document or a Second Priority Collateral Document. 
 “Holdings” shall have the meaning set forth in the recitals. 

“Indebtedness” shall mean and include all obligations that constitute “Indebtedness” within the meaning of the
Credit Agreement, the Second Priority Senior Secured Notes Indenture, the Other First Priority Lien Obligations Credit Documents or any other document or instrument evidencing or governing any Future Second Lien Indebtedness. 

“Indenture Default” means any “Default” as defined in the Second Priority Senior Secured Notes Indenture.

 “Indenture Secured Parties” shall mean the Persons holding Noteholder Claims, including the Trustee and
Second Priority Collateral Agent. 
 “Insolvency or Liquidation Proceeding” shall mean (a) any voluntary
or involuntary case or proceeding under any Bankruptcy Law with respect to any Grantor, (b) any other voluntary or involuntary insolvency, reorganization or bankruptcy case or proceeding, or any receivership, liquidation, reorganization or
other similar case or proceeding with respect to any Grantor or with respect to any of its assets, (c) any liquidation, dissolution, reorganization or winding up of any Grantor whether voluntary or involuntary and whether or not involving
insolvency or bankruptcy or (d) any assignment for the benefit of creditors or any other marshalling of assets and liabilities of any Grantor. 
 “Issuer” shall have the meaning set forth in the recitals. 

“Lien” shall mean, with respect to any asset, (a) any mortgage, deed of trust, lien, hypothecation, pledge,
encumbrance, charge or security interest in or on such asset, (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing lease having substantially the same
economic effect as any of the foregoing) relating to such asset and (c) in the case of securities (other than securities representing an interest in a joint venture that is not a Subsidiary), any purchase option, call or similar right of a
third party with respect to such securities; provided that in no event shall an operating lease or an agreement to sell be deemed to constitute a Lien. 
 “Loan Documents” shall mean the Credit Agreement and the other “Loan Documents” as defined in the Credit Agreement. 

“Majority Noteholders” means holders of Notes representing a majority in aggregate principal amount of the Notes on the
date of determination. 

  
 -4-

 “Non-Conforming Plan of Reorganization” shall mean any Plan of
Reorganization which either (i) grants any Second Priority Agent or any Second Priority Secured Party any right or benefit, directly or indirectly, which right or benefit is expressly prohibited at such time by the provisions of this Agreement
or (ii) unless accepted by the Required Lenders in accordance with Section 1126(c) of the Bankruptcy Code, fails to provide for the Discharge of Senior Lender Claims upon the effective date thereof. 

“Noteholder Claims” shall mean all Obligations in respect of the Notes or arising under the Noteholder Documents or any
of them, including all fees, expenses, indemnities or other amounts due or that may be due to the Trustee thereunder. 

“Noteholder Collateral” shall mean all of the assets of the Grantors, whether real, personal or mixed, with respect to
which a Lien is granted, or purported to be granted, as security for any Noteholder Claim. 
 “Noteholder Collateral
Agreement” shall mean the Second Lien Collateral Agreement dated as of February 15, 2012, among the Issuer, certain other Grantors and the Second Priority Collateral Agent in respect of the Second Priority Senior Secured Notes
Indenture, as the same may be amended, restated, supplemented or otherwise modified from time to time. 
 “Noteholder
Collateral Documents” shall mean the Noteholder Collateral Agreement, Noteholder Foreign Collateral Documents and any other document or instrument pursuant to which a Lien is granted by any Grantor to secure any Noteholder Claims or under
which rights or remedies with respect to any such Lien are governed. 
 “Noteholder Documents” shall mean
(a) the Second Priority Senior Secured Notes Indenture, the Notes, the Noteholder Collateral Documents and (b) any other related document or instrument executed and delivered pursuant to any Noteholder Document described in clause
(a) above evidencing or governing any Obligations thereunder. 
 “Noteholder Foreign Collateral Documents”
shall mean any security agreement, pledge, charge, mortgage or other agreement, document or instrument pursuant to which a Lien is now or hereafter granted in favor of the Second Priority Collateral Agent or any sub-agent of the Second Priority
Collateral Agent, including the Second Lien Sub-Agent, by a Grantor incorporated otherwise than in the United States of America and/or where such agreement, document or instrument is governed by a law other than state or federal law of the United
States of America, in each case which secures any Noteholder Claims or under which rights or remedies with respect to such Lien are at any time governed and shall, for the avoidance of doubt, include the German Security Documents. 

“Notes” shall mean (a) the Second Lien Notes and (b) any additional notes issued under the Second Priority
Senior Secured Notes Indenture by the Issuer, to the extent permitted to be issued and secured by Noteholder Collateral on a pari passu basis with the Second Lien Notes by the Second Priority Senior Secured Notes Indenture, the Credit
Agreement, the Other First Priority Lien Obligations Credit Documents, any other Senior Lender Documents and any Second Priority Document, as applicable. 

  
 -5-

 “Obligations” shall mean, with respect to any Person, any payment,
performance or other obligations of such Person of any kind, including, without limitation, any liability of such Person on any claim, whether or not the right of any creditor to payment in respect of such claim is reduced to judgment, liquidated,
unliquidated, fixed, contingent, matured, disputed, undisputed, legal, equitable, secured or unsecured, and whether or not such claim is discharged, stayed or otherwise affected by any Insolvency or Liquidation Proceeding. Without limiting the
generality of the foregoing, the Obligations of any Grantor under any Senior Lender Document or Second Priority Document include the obligations to pay principal, interest (including interest and fees accrued on or accruing after the commencement of
any Insolvency or Liquidation Proceeding, whether or not a claim for post-filing interest is allowed or allowable in such proceeding) or premium on any Indebtedness, letter of credit commissions (if applicable), charges, expenses, fees,
attorneys’ fees and disbursements, indemnities and other amounts payable by such Grantor to reimburse any amount in respect of any of the foregoing that any Senior Lender or Second Priority Secured Party, in its sole discretion, may elect to
pay or advance on behalf of such Grantor. 
 “Other First Priority Lien Obligations” shall mean all Obligations
owing under any Other First Priority Lien Obligations Document; provided, however, for the avoidance of doubt, none of the Obligations under the Credit Agreement or any other Loan Document shall constitute Other First Priority Lien
Obligations. 
 “Other First Priority Lien Obligations Agent” shall mean, with respect to any Other First
Priority Lien Obligations Credit Document, the Person elected, designated or appointed as the administrative agent, trustee, collateral agent or similar representative with respect to such Other First Priority Lien Obligations Credit Document by or
on behalf of the holders of such Other First Priority Lien Obligations, and its respective successors in such capacity. 

“Other First Priority Lien Obligations Credit Document” shall mean any (a) instruments, agreements or documents
evidencing debt facilities or commercial paper facilities, providing for revolving credit loans, term loans, receivables financing (including through the sale of receivables to lenders or to special purpose entities formed to borrow from lenders
against such receivables) or letters of credit, (b) debt securities, indentures and/or other forms of debt financing (including convertible or exchangeable debt instruments or bank guarantees or bankers’ acceptances) or
(c) instruments or agreements evidencing any other indebtedness, in each case which have been designated by the Issuer and in respect of which a First Lien Agent has become a party hereto, in each case, in accordance with Section 8.22
hereof. 
 “Other First Priority Lien Obligations Documents” shall mean each Other First Priority Lien
Obligations Credit Document and each Other First Priority Lien Obligations Security Document related thereto. 
 “Other
First Priority Lien Obligations Security Documents” shall mean any security agreement or any other document now existing or entered into after the date hereof that create Liens on any assets or properties of any Grantor to secure any Other
First Priority Lien Obligations. 
 “Person” shall mean any natural person, corporation, limited liability
company, trust, joint venture, association, company, partnership, Governmental Authority or other entity. 

  
 -6-

 “Plan of Reorganization” shall mean any plan of reorganization, plan of
liquidation, agreement for composition, or other type of plan of arrangement proposed in or in connection with any Insolvency or Liquidation Proceeding. 
 “Pledged or Controlled Collateral” shall mean the Common Collateral to the extent that possession thereof, or the granting of control (in accordance with the Uniform Commercial Code) with
respect thereto, perfects a Lien thereon under the Uniform Commercial Code. 
 “Recovery” shall have the
meaning set forth in Section 6.4. 
 “Refinance” shall mean, any Indebtedness issued in exchange for, or
the net proceeds of which are used to extend, refinance, renew, replace, defease or refund, the Indebtedness being Refinanced. “Refinanced” and “Refinancing” shall have correlative meanings. 

“Related Party” shall mean any “Related Party” as defined in the Credit Agreement. 

“Required Lenders” shall mean, with respect to any Senior Lender Document, those Senior Lenders the approval of which is
required to approve an amendment or modification of, termination or waiver of any provision of or consent to any departure from such Senior Lender Document (or would be required to effect such consent under this Agreement if such consent were
treated as an amendment of such Senior Lender Document). 
 “Second Lien Floating Charge Agreement” means the
Second Ranking Floating Charge Agreement, dated as of February 15, 2012, between Taminco NV, the Second Priority Collateral Agent, and Citibank International plc. 
 “Second Lien Floating Charge Mandate” means the Second Ranking Floating Charge Mandate, dated as of February 15, 2012, granted by Taminco NV to the attorneys named therein.

 “Second Lien Notes” shall mean the Issuer’s Second Lien Senior Secured Notes due 2020, issued pursuant
to the Second Priority Senior Secured Notes Indenture on or prior to the date hereof. 
 “Second Lien
Sub-Agent” shall mean Citibank International plc in its capacity as collateral sub-agent for the Second Priority Collateral Agent under the Second Lien Floating Charge Agreement and the Second Lien Floating Charge Mandate together with its
successor in such capacity. 
 “Second Priority Agents” shall mean (a) the Second Priority Collateral
Agent as collateral agent for the Indenture Secured Parties, (b) the collateral agent for any Future Second Lien Indebtedness and (c) solely in its capacity as agent for the German Secured Parties that are Second Priority Secured Parties
pursuant to the German Secured Documents, the Common Collateral Agent. 
 “Second Priority Claims” shall mean
the Noteholder Claims and all other Obligations in respect of, or arising under, the Second Priority Documents, including all fees, expenses, indemnities or other amounts due or that may be due to the collateral agent for any Future Second Lien
Indebtedness. 

  
 -7-

 “Second Priority Collateral” shall mean the Noteholder Collateral and all
of the assets of the Grantors, whether real, personal or mixed, with respect to which a Lien is granted, or purported to be granted, as security for any Second Priority Claim. 
 “Second Priority Collateral Agent” shall mean Wilmington Trust, National Association, in its capacity as collateral agent under the Second Priority Senior Secured Notes Indenture and the
Noteholder Collateral Documents and its successors in such capacity. 
 “Second Priority Collateral Agreements”
shall mean the Noteholder Collateral Agreement and any comparable agreement(s) with respect to any Future Second Lien Indebtedness. 
 “Second Priority Collateral Documents” shall mean the Noteholder Collateral Documents and any other agreement, document or instrument pursuant to which a Lien is now or hereafter granted
securing any Second Priority Claims or under which rights or remedies with respect to such Liens are at any time governed. 

“Second Priority Designated Agent” shall mean such agent or trustee as is designated “Second Priority Designated
Agent” by Second Priority Secured Parties holding a majority in principal amount of the Second Priority Claims then outstanding; it being understood that as of the date of this Agreement, the Second Priority Collateral Agent shall be so
designated as the Second Priority Designated Agent. 
 “Second Priority Documents” shall mean the Noteholder
Documents and any other document or instrument evidencing or governing any Future Second Lien Indebtedness. 
 “Second
Priority Lien” shall mean any Lien on any assets of the Issuer or any other Grantor securing any Second Priority Claims. 
 “Second Priority Secured Parties” shall mean the Indenture Secured Parties and all other Persons holding any Second Priority Claims, including the collateral agent for any Future Second
Lien Indebtedness and any sub-agent of any Second Priority Agent. 
 “Second Priority Senior Secured Notes
Indenture” shall have the meaning set forth in the recitals. 
 “Senior Collateral Agreement” shall
mean the First Lien Collateral Agreement, dated as of February 15, 2012, among the Issuer, certain other Grantors, and Citibank, N.A. as administrative agent for the secured parties referred to therein, as the same may be amended, restated,
supplemented or otherwise modified from time to time. 
 “Senior Collateral Documents” shall mean the Senior
Collateral Agreement, Senior Foreign Collateral Documents, the Other First Priority Lien Obligations Security Documents and any security agreement, mortgage or other agreement, document or instrument pursuant to which a Lien is now or hereafter
granted securing any Senior Lender Claims or under which rights or remedies with respect to such Lien are at any time governed. 

  
 -8-

 “Senior Foreign Collateral Documents” shall mean any security agreement,
pledge, charge, mortgage or other agreement, document or instrument pursuant to which a Lien is now or hereafter granted in favor of the First Lien Agent or any sub-agent of the First Lien Agent, including the First Lien Sub-Agent, by a Grantor
incorporated otherwise than in the United States of America and/or where such agreement, document or instrument is governed by a law other than state or federal law of the United States of America, in each case which secures any Senior Lender Claims
or under which rights or remedies with respect to such Lien are at any time governed and shall, for the avoidance of doubt, include the German Security Documents. 
 “Senior Lender Claims” shall mean all Obligations arising under the Credit Agreement, the Other First Priority Lien Obligations Credit Documents and any other Senior Lender Documents,
whether or not such Obligations constitute Indebtedness, including, without limitation, (a) Senior Lender Secured Swap Obligations, (b) Senior Lender Secured Cash Management Obligations and (c) Obligations under any agreement that is
an exchange or replacement for or an extension, increase or refinancing of any other Senior Lender Claims. Senior Lender Claims shall include all interest, fees and expenses accrued or accruing (or that would, absent the commencement of an
Insolvency or Liquidation Proceeding, accrue) after the commencement of an Insolvency or Liquidation Proceeding in accordance with and at the rate specified in the relevant Senior Lender Documents whether or not the claim for such interest or
expenses is allowed or allowable as a claim in such Insolvency or Liquidation Proceeding. 
 “Senior Lender
Collateral” shall mean all of the assets of the Grantors, whether real, personal or mixed, with respect to which a Lien is granted, or purported to be granted, as security for any Senior Lender Claim. 

“Senior Lender Documents” shall mean the Loan Documents, the Other First Priority Lien Obligations Credit Documents, the
Senior Collateral Documents and each of the other agreements, documents and instruments (including each agreement, document or instrument providing for or evidencing a Senior Lender Secured Swap Obligation or Senior Lender Secured Cash Management
Obligation) providing for, evidencing or securing any Senior Lender Claim, including, without limitation, any Obligation under the Credit Agreement and any other related document or instrument executed or delivered pursuant to any such document at
any time or otherwise evidencing or securing any Obligation arising under any such document. 
 “Senior Lender Secured
Cash Management Obligations” shall mean Secured Cash Management Obligations as defined in the Senior Collateral Agreement. 
 “Senior Lender Secured Swap Obligations” shall mean any Secured Swap Obligations as defined in the Senior Collateral Agreement. 

“Senior Lenders” shall mean the Persons holding Senior Lender Claims, including the First Lien Agents and any sub-agent
of the First Lien Agent. 
 “Subsidiary” shall mean any “Subsidiary” of the Issuer as defined in the
Credit Agreement. 
 “Trustee” shall mean Wilmington Trust, National Association, in its capacity as trustee
under the Second Priority Senior Secured Notes Indenture and its successors in such capacity. 

  
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 “Uniform Commercial Code” or “UCC” shall mean the Uniform
Commercial Code as from time to time in effect in the State of New York, except as context may otherwise require. 
 1.2.
Terms Generally. The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms.
The words “include,” “includes” and “including” shall be deemed to be followed by the phrase “without limitation.” The word “will” shall be construed to have the same meaning and effect as the word
“shall.” Unless the context requires otherwise (a) any definition of or reference to any agreement, instrument or other document herein shall be construed as referring to such agreement, instrument or other document as from time to
time amended, supplemented or otherwise modified in accordance with this Agreement, (b) any reference herein to any Person shall be construed to include such Person’s successors and assigns, (c) the words “herein,”
“hereof” and “hereunder,” and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof, (d) all references herein to Sections shall be construed to
refer to Sections of this Agreement and (e) the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash,
securities, accounts and contract rights. 
 SECTION 2. Lien Priorities. 

2.1. Subordination of Liens. Notwithstanding (i) the date, time, method, manner or order of filing or recordation of any
document or instrument or grant, attachment or perfection (including any defect or deficiency or alleged defect or deficiency in any of the foregoing) of any Liens granted to any Second Priority Secured Party on the Common Collateral or of any Liens
granted to any First Lien Agent or Senior Lenders on the Common Collateral, (ii) any provision of the UCC, any Bankruptcy Law, or any applicable law or the Second Priority Documents or the Senior Lender Documents, (iii) whether any First
Lien Agent, either directly or through agents, holds possession of, or has control over, all or any part of the Common Collateral, (iv) the fact that any such Liens may be subordinated, voided, avoided, invalidated or lapsed or (v) any
other circumstance of any kind or nature whatsoever, each Second Priority Agent, on behalf of itself and each applicable Second Priority Secured Party, hereby agrees that: (a) any Lien on the Common Collateral securing any Senior Lender Claims
now or hereafter held by or on behalf of any First Lien Agent or any Senior Lenders or any agent or trustee therefor regardless of how acquired, whether by grant, statute, operation of law, subrogation or otherwise, shall have priority over and be
senior in all respects and prior to any Lien on the Common Collateral securing any Second Priority Claims and (b) any Lien on the Common Collateral securing any Second Priority Claims now or hereafter held by or on behalf of the Trustee or any
Second Priority Secured Parties or any agent or trustee therefor regardless of how acquired, whether by grant, statute, operation of law, subrogation or otherwise, shall be junior and subordinate in all respects to all Liens on the Common Collateral
securing any Senior Lender Claims. All Liens on the Common Collateral securing any Senior Lender Claims shall be and remain senior in all respects and prior to all Liens on the Common Collateral securing any Second Priority Claims for all purposes,
whether or not such Liens securing any Senior Lender Claims are adequately perfected or are subordinated to any Lien securing any other obligation of the Issuer, any other Grantor or any other Person. 

  
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 2.2. Prohibition on Contesting Liens. Each Second Priority Agent, for itself and on
behalf of each applicable Second Priority Secured Party, and each First Lien Agent, for itself and on behalf of each Senior Lender in respect of which it serves as First Lien Agent, agrees that it shall not (and hereby waives any right to) take any
action to challenge, contest or support any other Person in contesting or challenging, directly or indirectly, in any proceeding (including any Insolvency or Liquidation Proceeding), the validity, perfection, priority or enforceability of (a) a
Lien securing any Senior Lender Claims held (or purported to be held) by or on behalf of any First Lien Agent or any of the Senior Lenders or any agent or trustee therefor in any Senior Lender Collateral or (b) a Lien securing any Second
Priority Claims held (or purported to be held) by or on behalf of any Second Priority Secured Party in the Common Collateral, as the case may be; provided, however, that nothing in this Agreement shall be construed to prevent or impair
the rights of any First Lien Agent or any Senior Lender to enforce this Agreement (including the priority of the Liens securing the Senior Lender Claims as provided in Section 2.1) or any of the Senior Lender Documents. 

2.3. No New Liens. (a) So long as the Discharge of Senior Lender Claims has not occurred and, subject to Section 6, each
Grantor agrees, whether or not any Insolvency or Liquidation Proceeding has been commenced by or against the Issuer or any other Grantor, that it shall not grant any Lien on any assets of the Issuer or any other Grantor securing any Second Priority
Claims that are not also subject to the first-priority Lien in respect of the Senior Lender Claims under the Senior Lender Documents. If any Second Priority Agent or any Second Priority Secured Party shall (nonetheless and in breach hereof) acquire
or hold any Lien on any collateral that is not also subject to the first-priority Lien in respect of the Senior Lender Claims under the Senior Lender Documents, then such Second Priority Agent or Second Priority Secured Party shall, without the need
for any further consent of any party and notwithstanding anything to the contrary in any other document, be deemed to also hold and have held such Lien for the benefit of the First Lien Agents as security for the Senior Lender Claims (subject to the
Lien priority and other terms hereof) and shall promptly notify each First Lien Agent in writing of the existence of such Lien (if and to the extent such Second Priority Agent has actual knowledge of the existence of such Lien) and in any event take
such actions (at the Issuer’s sole expense) as may be reasonably requested by any First Lien Agent to assign or release such Liens to the First Lien Agents (and/or each of their respective designees) as security for the applicable Senior Lender
Claims (in the case of assignment, each Second Priority Agent or Second Priority Secured Party shall retain a junior Lien on such assets in accordance with the terms hereof). 
 (b) So long as the Second Priority Claims remain outstanding and, subject to Section 6, each Grantor agrees, whether or not any Insolvency or Liquidation Proceeding has been commenced by or against
the Issuer or any other Grantor, that it shall not grant any Lien on any assets of the Issuer or any other Grantor securing any Senior Lender Claims that are not also subject to the second-priority Lien in respect of the Second Priority Claims under
the Second Priority Documents. If any First Lien Agent or any Senior Lender shall (nonetheless and in breach hereof) acquire or hold any Lien on any collateral that is not also subject to the second-priority Lien in respect of the Second Priority
Claims under the Second Priority Documents, then such First Lien Agent or Senior Lender shall, without the need for any further consent of any party and notwithstanding anything to the contrary in any other document, be deemed to also hold and have
held such Lien for the benefit of the Second Priority Agents as security for the Second Priority Claims (subject to the Lien priority and other terms hereof) or release such Liens. 

  
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 2.4. Nature of First Lien Obligations. Each Second Priority Agent, for itself and on
behalf of the other applicable Second Priority Secured Parties, acknowledges that (a) a portion of the commitments under the Credit Agreement are revolving in nature, (b) the amount thereof that may be outstanding at any time or from time
to time may be increased or reduced and subsequently reborrowed, (c) the terms of the Senior Lender Claims may be modified, extended, renewed or amended from time to time, and (d) the aggregate amount of the Senior Lender Claims may be
increased or Refinanced, in either event, without notice to or consent by the Second Priority Secured Parties and without affecting the provisions hereof. The Lien priorities provided in Sections 2.1 and 2.2 shall not be altered or otherwise
affected by any such amendment, modification, supplement, extension, repayment, reborrowing, increase, replacement, renewal, restatement or Refinancing of either the Senior Lender Claims or the Second Priority Claims, or any portion thereof.

 2.5. Perfection of Liens. Neither the First Lien Agents nor the Senior Lenders shall be responsible for perfecting and
maintaining the perfection of Liens with respect to the Common Collateral for the benefit of the Second Priority Agents and the Second Priority Secured Parties. The provisions of this Agreement are intended solely to govern the respective Lien
priorities as between the Senior Lenders and the Second Priority Secured Parties and shall not impose on the First Lien Agents, the Second Priority Agents, the Second Priority Secured Parties or the Senior Lenders or any agent or trustee therefor
any obligations in respect of the disposition of proceeds of any Common Collateral which would conflict with prior perfected claims therein in favor of any other Person or any order or decree of any Governmental Authority or any applicable law.

 2.6. Waiver of Marshalling. Until the Discharge of Senior Lender Claims, each Second Priority Agent, solely on behalf
of the applicable Second Priority Secured Parties, agree not to assert and hereby waives, to the fullest extent permitted by law, any right to demand, request, plead or otherwise assert or otherwise claim the benefit of, any marshalling, appraisal,
valuation or other similar right that may otherwise be available under applicable law with respect to the Common Collateral or any other similar rights a junior secured creditor may have under applicable law. 

SECTION 3. Enforcement. 
 3.1. Exercise of Remedies. 
 3.2. So long as the Discharge of Senior Lender
Claims has not occurred, whether or not any Insolvency or Liquidation Proceeding has been commenced by or against the Issuer or any other Grantor, (i) no Second Priority Agent or any Second Priority Secured Party will (x) exercise or seek
to exercise any rights or remedies (including setoff or recoupment) with respect to any Common Collateral or any other security in respect of any applicable Second Priority Claims, or exercise any right under any lockbox agreement, control
agreement, landlord waiver or bailee’s letter or similar agreement or arrangement, or institute any action or proceeding with respect to such rights or remedies (including any action of enforcement, collection, execution, 

  
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levy or foreclosure), (y) contest, protest or object to any foreclosure proceeding or action brought with respect to the Common Collateral or any other collateral by any First Lien Agent or
any Senior Lender in respect of the Senior Lender Claims, the exercise of any right by any First Lien Agent or any Senior Lender (or any agent or sub-agent on their behalf) in respect of the Senior Lender Claims under any lockbox agreement, control
agreement, landlord waiver or bailee’s letter or similar agreement or arrangement to which any Second Priority Agent or any Second Priority Secured Party either is a party or may have rights as a third party beneficiary, or any other exercise
by any such party, of any rights and remedies relating to the Common Collateral or any other collateral under the Senior Lender Documents or otherwise in respect of Senior Lender Claims; provided that the respective interests of the Second
Priority Secured Parties attach to the proceeds thereof, subject to the relative priorities described in this Agreement, or (z) object to the forbearance by the Senior Lenders from bringing or pursuing any foreclosure proceeding or action or
any other exercise of any rights or remedies relating to the Common Collateral or any other collateral in respect of Senior Lender Claims and (ii) except as otherwise provided herein (including Section 5.1), each First Lien Agent and the
Senior Lenders shall have the exclusive right to enforce rights, exercise remedies (including setoff and the right to credit bid their debt) and make determinations regarding the release, disposition or restrictions with respect to the Common
Collateral without any consultation with, or the consent, of any Second Priority Agent or any Second Priority Secured Party; provided, however, that (A) in any Insolvency or Liquidation Proceeding commenced by or against the
Issuer or any other Grantor, each Second Priority Agent may file a proof of claim or statement of interest with respect to the applicable Second Priority Claims, (B) each Second Priority Agent may take any action (not adverse to the prior Liens
on the Common Collateral securing the Senior Lender Claims, or the rights of either First Lien Agent or the Senior Lenders to exercise remedies in respect thereof) in order to create, prove, perfect, preserve or protect (but not enforce) its rights
in, and perfection and priority of its Lien on, the Common Collateral (including, without limitation, sending such notices of the existence of, or any evidence or confirmation of, the Second Priority Claims or the Liens of the Second Priority Agents
in the Common Collateral to any Governmental Authority, or filing or recording any such notice or evidence to the extent necessary or appropriate to prove or preserve the Liens of the Second Priority Agents in the Common Collateral), (C) in any
Insolvency or Liquidation Proceeding commenced by or against the Issuer or any other Grantor, each Second Priority Agent may file any necessary or responsive pleadings in opposition to any motion, adversary proceeding or other pleading filed by any
Person objecting to or otherwise seeking disallowance of the claim or Lien of such Second Priority Agent or Second Priority Secured Party, (D) each Second Priority Agent may file any pleadings, objections, motions, or agreements which assert
rights available to unsecured creditors of the Issuer or any other Grantor arising under any Insolvency or Liquidation Proceeding or applicable non-bankruptcy law and (E) each Second Priority Agent and each Second Priority Secured Party may
vote on any Plan of Reorganization in any Insolvency or Liquidation Proceeding of the Issuer or any other Grantor, in each case (A) through (E) above to the extent such action is not inconsistent with, or could not result in a resolution
inconsistent with, the terms of this Agreement. In exercising rights and remedies with respect to the Senior Lender Collateral, each First Lien Agent and the Senior Lenders may enforce the provisions of the Senior Lender Documents and exercise
remedies thereunder, all in such order and in such manner as they may determine in the exercise of their sole discretion. Such exercise and enforcement shall include the rights of an agent appointed by them to sell or otherwise dispose of Common
Collateral or other collateral upon foreclosure, to incur 

  
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expenses in connection with such sale or disposition, and to exercise all the rights and remedies of a secured lender under the UCC or analogous law of any applicable jurisdiction and of a
secured creditor under Bankruptcy Laws of any applicable jurisdiction. So long as the Discharge of Senior Lender Claims has not occurred, whether or not any Insolvency or Liquidation Proceeding has been commenced by or against the Issuer or any
other Grantor, no Second Priority Agent or any Second Priority Secured Party will provide any instructions to any sub-agent, including the Second Lien Sub-Agent that will be contrary to or inconsistent with this Agreement and it will not instruct
any sub-agent, including the Second-Lien Sub-Agent to take any action that the Second Priority Agent is prohibited from taking pursuant to this Agreement. 
 (a) So long as the Discharge of Senior Lender Claims has not occurred, each Second Priority Agent, on behalf of itself and each applicable Second Priority Secured Party, agrees that it will not take or
receive any Common Collateral or other collateral or any proceeds of Common Collateral or other collateral in connection with the exercise of any right or remedy (including setoff or recoupment) with respect to any Common Collateral or other
collateral in respect of the applicable Second Priority Claims. Without limiting the generality of the foregoing, unless and until the Discharge of Senior Lender Claims has occurred, except as expressly provided in the proviso in clause (ii) of
Section 3.1(a), the sole right of the Second Priority Agents and the Second Priority Secured Parties with respect to the Common Collateral or any other collateral is to hold a Lien on the Common Collateral or such other collateral in respect of
the applicable Second Priority Claims pursuant to the Second Priority Documents, as applicable, for the period and to the extent granted therein and to receive a share of the proceeds thereof, if any, after the Discharge of Senior Lender Claims has
occurred. 
 (b) Subject to the proviso in clause (ii) of Section 3.1(a) above, (i) each Second Priority Agent,
for itself and on behalf of each applicable Second Priority Secured Party, agrees that no Second Priority Agent or any Second Priority Secured Party will take any action that would hinder any exercise of remedies undertaken by any First Lien Agent
or Senior Lenders with respect to the Common Collateral or any other collateral under the Senior Lender Documents, including any sale, lease, exchange, transfer or other disposition of the Common Collateral or such other collateral, whether by
foreclosure or otherwise, and (ii) each Second Priority Agent, for itself and on behalf of each applicable Second Priority Secured Party, hereby waives any and all rights it or any such Second Priority Secured Party may have as a junior lien
creditor or otherwise to object to the manner in which any First Lien Agent or Senior Lenders seek to enforce or collect the Senior Lender Claims or the Liens granted in any of the Senior Lender Collateral, regardless of whether any action or
failure to act by or on behalf of any First Lien Agent or Senior Lenders is adverse to the interests of the Second Priority Secured Parties. 
 (c) Each Second Priority Agent hereby acknowledges and agrees that no covenant, agreement or restriction contained in any applicable Second Priority Document shall be deemed to restrict in any way the
rights and remedies of any First Lien Agent or Senior Lenders with respect to the Senior Lender Collateral as set forth in this Agreement and the Senior Lender Documents. 
 3.3. Cooperation. Subject to the proviso in clause (ii) of Section 3.1(a), each Second Priority Agent, on behalf of itself and each applicable Second Priority Secured Party, agrees that,
unless and until the Discharge of Senior Lender Claims has occurred, it will not 

  
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commence, or join with any Person (other than the Senior Lenders and any First Lien Agent upon the request thereof) in commencing, any enforcement, collection, execution, levy or foreclosure
action or proceeding with respect to any Lien held by it in the Common Collateral or any other collateral under any of the applicable Second Priority Documents or otherwise in respect of the applicable Second Priority Claims relating to the Common
Collateral. 
 3.4. Actions Upon Breach. If any Second Priority Secured Party, in contravention of the terms of this
Agreement, in any way takes, attempts to or threatens to take any action with respect to the Common Collateral (including, without limitation, any attempt to realize upon or enforce any remedy with respect to this Agreement) or fails to take any
action required by this Agreement, this Agreement shall create an irrebuttable presumption and admission by such Second Priority Secured Party that relief against such Second Priority Secured Party by injunction, specific performance and/or other
appropriate equitable relief is necessary to prevent irreparable harm to the Senior Lenders, it being understood and agreed by each Second Priority Agent on behalf of each applicable Second Priority Secured Party that (i) the Senior
Lenders’ damages from its actions may at that time be difficult to ascertain and may be irreparable, and (ii) each Second Priority Secured Party waives any defense that the Grantors and/or the Senior Lenders cannot demonstrate damage
and/or can be made whole by the awarding of damages. 
 SECTION 4. Payments. 

4.1. Application of Proceeds. So long as the Discharge of Senior Lender Claims has not occurred, the Common Collateral and any
other collateral in respect of the Second Priority Claims or proceeds thereof received in connection with the sale or other disposition of, or collection on, such Common Collateral or other collateral upon the exercise of remedies as a secured
party, shall be applied by the First Lien Agents to the Senior Lender Claims in such order as specified in the relevant Senior Lender Documents until the Discharge of Senior Lender Claims has occurred. Upon the Discharge of Senior Lender Claims,
subject to Section 5.7 hereof, each of the First Lien Agents shall deliver promptly to the Second Priority Designated Agent any Common Collateral or proceeds thereof held by it in the same form as received, with any necessary endorsements or as
a court of competent jurisdiction may otherwise direct to be applied by the Second Priority Designated Agent in such order as specified in the relevant Second Priority Documents. 

4.2. Payments Over. Any Common Collateral or other collateral in respect of the Second Priority Claims or proceeds thereof
received by any Second Priority Agent or any Second Priority Secured Party in connection with the exercise of any right or remedy (including setoff or recoupment) relating to the Common Collateral or such other collateral prior to the Discharge of
Senior Lender Claims shall be segregated and held in trust for the benefit of and forthwith paid over to the First Priority Designated Agent (and/or its designees) for the benefit of the Senior Lenders in the same form as received, with any
necessary endorsements or as a court of competent jurisdiction may otherwise direct. The First Lien Agents are each hereby individually authorized to make any such endorsements as agent for any Second Priority Agent or any such Second Priority
Secured Party. This authorization is coupled with an interest and is irrevocable. 

  
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 SECTION 5. Other Agreements. 

5.1. Releases. 
 (a) If, at any time any Common Collateral (including all or substantially all of the equity interests of a Grantor or any of its Subsidiaries) (including for such purpose, in the case of the sale of
equity interests in any Subsidiary, any Common Collateral held by such Subsidiary or any direct or indirect Subsidiary thereof) is being (or will concurrently be): 

(A) sold, transferred or otherwise disposed of: 

(i) by the owner of such Common Collateral in a transaction permitted under the Credit Agreement, the Other First Priority
Lien Obligations Credit Documents, the Second Priority Senior Secured Notes Indenture and each other Senior Lender Document and Second Priority Document (if any); or 

(ii) in connection with the exercise of rights and remedies pursuant to Section 3.1; or 

(B) released from all Senior Lender Claims in connection with a Subsidiary being released from its guarantee as permitted
by the Credit Agreement, the Other First Priority Lien Obligations Credit Documents, the Second Priority Senior Secured Notes Indenture and each other Senior Lender Document and Second Priority Document (if any), or 

(C) otherwise released as permitted by the Credit Agreement and, except with respect to an exercise of rights and remedies
by the First Lien Agent pursuant to Section 3.1, the Other First Priority Lien Obligations Credit Documents, the Second Priority Senior Secured Notes Indenture and each other Senior Lender Document and Second Priority Document (if any),

  
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then (whether or not any Insolvency or Liquidation Proceeding is pending at the time) the Liens in favor of the Second Priority Secured Parties upon such Common Collateral and the Second Priority
Claims secured under such Common Collateral will automatically, simultaneously, and unconditionally be released and discharged as and when, but only to the extent, such Liens on such Common Collateral securing Senior Lender Claims are released and
discharged. Upon delivery to each Second Priority Agent of a notice from the Issuer or any First Lien Agent stating that any release of Liens securing or supporting the Senior Lender Claims has become effective (or shall become effective upon each
Second Priority Agent’s release) (whether in connection with a sale of such assets by the relevant Grantor pursuant to the preceding sentence or otherwise), each Second Priority Agent, on behalf of each applicable Second Priority Secured Party,
will promptly, at the Issuer’s expense, execute and deliver such instruments, releases, termination statements or other documents confirming such release on customary terms. Nothing in this Section 5.1(a) will be deemed to affect any
agreement of a Second Priority Agent, for itself and on behalf of the Second Priority Secured Parties under its Second Priority Documents, to release the Liens on the Collateral as set forth in the relevant Second Priority Documents. 

(b) So long as the Discharge of Senior Lender Claims has not occurred, each Second Priority Agent, for itself and on behalf of each
applicable Second Priority Secured Party, hereby irrevocably constitutes and appoints the First Priority Designated Agent and any officer or agent of such First Priority Designated Agent, with full power of substitution, as its true and lawful
attorney-in-fact with full irrevocable power and authority in the place and stead of each Second Priority Agent or such holder or in such First Priority Designated Agent’s own name, from time to time in such First Priority Designated
Agent’s discretion, for the purpose of carrying out the terms of this Section 5.1, to take any and all appropriate action and to execute any and all documents and instruments that may be necessary or desirable to accomplish the purposes of
this Section 5.1, including any termination statements, endorsements or other instruments of transfer or release. 
 (c)
Unless and until the Discharge of Senior Lender Claims has occurred, each Second Priority Agent, for itself and on behalf of each applicable Second Priority Secured Party, hereby consents to the application, whether prior to or after a default, of
proceeds of Common Collateral or other collateral to the repayment of Senior Lender Claims pursuant to the Senior Lender Documents and this Agreement; provided that nothing in this Section 5.1(c) shall be construed to prevent or impair
the rights of the Second Priority Agents to receive proceeds in connection with the Second Priority Claims not otherwise in contravention of this Agreement. 
 (d) Notwithstanding anything to the contrary in any Second Priority Collateral Document, in the event the terms of a Senior Collateral Document and a Second Priority Collateral Document each require any
Grantor (i) to make payment in respect of any item of Common Collateral, (ii) to deliver or afford control over any item of Common Collateral to, or deposit any item of Common Collateral with, (iii) to register ownership of any item
of Common Collateral in the name of or make an assignment of ownership of any Common Collateral or the rights thereunder to, (iv) cause any securities intermediary, commodity intermediary or other Person acting in a similar capacity to agree to
comply, in respect of any item of Common Collateral, with instructions or orders from, or to treat, in respect of any item of Common Collateral, as the entitlement holder, (v) hold any item of Common Collateral in trust for (to the extent such
item of 

  
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Common Collateral cannot be held in trust for multiple parties under applicable law), (vi) obtain the agreement of a bailee or other third party to hold any item of Common Collateral for the
benefit of or subject to the control of or, in respect of any item of Common Collateral, to follow the instructions of or (vii) obtain the agreement of a landlord with respect to access to leased premises where any item of Common Collateral is
located or waivers or subordination of rights with respect to any item of Common Collateral in favor of, in any case, both the First Lien Agent and any Second Priority Designated Agent or Second Priority Secured Party, such Grantor may, until the
applicable Discharge of Senior Lender Claims has occurred, comply with such requirement under the Second Priority Collateral Document as it relates to such Common Collateral by taking any of the actions set forth above only with respect to, or in
favor of, the First Lien Agent. 
 5.2. Insurance. Unless and until the Discharge of Senior Lender Claims has occurred,
each First Lien Agent and the Senior Lenders shall have the sole and exclusive right, subject to the provisions of, and the rights of the Grantors under, the Senior Lender Documents, to adjust settlement for any insurance policy covering the Common
Collateral or any other collateral in respect of the Second Priority Claims in the event of any loss thereunder and to approve any award granted in any condemnation or similar proceeding affecting the Common Collateral or such other collateral.
Unless and until the Discharge of Senior Lender Claims has occurred, subject to the terms of the Senior Lender Documents, all proceeds of any such policy and any such award if in respect of the Common Collateral or such other collateral shall be
paid (a) first, prior to the occurrence of the Discharge of Senior Lender Claims, to the First Lien Agents for the benefit of Senior Lenders pursuant to the terms of the Senior Lender Documents, (b) second, after the occurrence of the
Discharge of Senior Lender Claims, to the Second Priority Agents pro rata for the benefit of the Second Priority Secured Parties pursuant to the terms of the applicable Second Priority Documents and (c) third, if no Second Priority
Claims are outstanding, to the owner of the subject property, such other person as may be entitled thereto or as a court of competent jurisdiction may otherwise direct. If any Second Priority Agent or any Second Priority Secured Party shall, at any
time, receive any proceeds of any such insurance policy or any such award in contravention of this Agreement, it shall pay such proceeds over to any First Lien Agent in accordance with the terms of Section 4.2. 

5.3. Amendments to Second Priority Collateral Documents. 
 (a) So long as the Discharge of Senior Lender Claims has not occurred, except as not prohibited by the Senior Lender Documents, without the prior written consent of the First Lien Agents, no Second
Priority Collateral Document may be amended, supplemented or otherwise modified or entered into to the extent such amendment, supplement or modification, or the terms of any new Second Priority Collateral Document, would be prohibited by any of the
terms of this Agreement. Each Second Priority Agent agrees that each applicable Second Priority Collateral Document (except for the German Security Documents) executed as of the date hereof shall include the following language (or language to
similar effect approved by the First Lien Agents): 
 “Notwithstanding anything herein to the contrary, (i) the liens
and security interests granted to the applicable Second Priority Agent for the benefit of the Second Priority Secured Parties pursuant to this Agreement are expressly subject and subordinate to the liens and security interests granted to Citibank,
N.A. as administrative agent (and its permitted successors), for the benefit of the secured parties referred to in the Senior Collateral Documents (as defined in the 

  
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Intercreditor Agreement (as defined below)), pursuant to the Senior Collateral Documents, and (ii) the exercise of any right or remedy by the applicable Second Priority Agent hereunder is
subject to the limitations and provisions of the Intercreditor Agreement dated as of February 15, 2012 (as amended, restated, supplemented or otherwise modified from time to time, the “Intercreditor Agreement”), by and among
Citibank, N.A. in its capacity as First Lien Agent and Wilmington Trust, National Association, as Trustee and Second Priority Collateral Agent. In the event of any conflict between the terms of the Intercreditor Agreement and the terms of this
Agreement, the terms of the Intercreditor Agreement shall govern.” 
 (b) In the event that the First Lien Agents or the
Senior Lenders enter into any amendment, waiver or consent in respect of or replace any Senior Collateral Document for the purpose of adding to, or deleting from, or waiving or consenting to any departures from any provisions of, any Senior
Collateral Document or changing in any manner the rights of the First Lien Agents, the Senior Lenders, the Issuer or any other Grantor thereunder (including the release of any Liens in Senior Lender Collateral), then such amendment, waiver or
consent shall apply automatically to any comparable provision of each Comparable Second Priority Collateral Document without the consent of any Second Priority Agent or any Second Priority Secured Party and without any action by any Second Priority
Agent or any action by, any Second Priority Secured Party; provided that such amendment, waiver or consent (i) does not materially adversely affect the rights of the Trustee and any Second Priority Agent and (ii) does not materially
adversely affect the rights of any other Second Priority Secured Parties or the interests of such other Second Priority Secured Parties in the Second Priority Collateral and not the Senior Lenders in a like or similar manner (without regard to the
fact that the Lien of such Senior Collateral Document is senior to the Lien of the Comparable Second Priority Collateral Document). The relevant First Lien Agent shall give written notice of such amendment, waiver or consent to each Second Priority
Agent; provided that the failure to give such notice shall not affect the effectiveness of such amendment, waiver or consent with respect to the provisions of any Second Priority Collateral Document as set forth in this Section 5.3(b).

 (c) Anything contained herein to the contrary notwithstanding, until the Discharge of Senior Lender Claims has occurred, no
Second Priority Collateral Document shall be entered into unless the collateral covered thereby is also subject to a perfected first-priority interest in favor of the First Lien Agents for the benefit of the Senior Lenders pursuant to the Senior
Collateral Documents. 
 5.4. Rights as Unsecured Creditors. Notwithstanding anything to the contrary in this Agreement,
the Second Priority Agents and the Second Priority Secured Parties may exercise rights and remedies as an unsecured creditor against the Issuer or any Grantor in accordance with the terms of the applicable Second Priority Documents and applicable
law, in each case to the extent not inconsistent with the provisions of this Agreement. Nothing in this Agreement shall prohibit the receipt by any Second Priority Agent or any Second Priority Secured Party of the required payments of interest and
principal so long as such receipt is not the direct or indirect result of (a) the exercise in contravention of this Agreement by any Second Priority Agent or any Second Priority Secured Party of rights or remedies as a secured creditor in
respect of Common Collateral or other collateral, including any right of setoff, or (b) enforcement in contravention of this Agreement of any Lien in respect of Second Priority Claims held by any of them. In the event any Second Priority Agent
or any Second Priority Secured Party becomes a judgment lien 

  
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creditor or other secured creditor in respect of Common Collateral or other collateral as a result of its enforcement of its rights as an unsecured creditor in respect of Second Priority Claims
or otherwise, such judgment or other lien shall be subordinated to the Liens securing Senior Lender Claims on the same basis as the other Liens securing the Second Priority Claims are so subordinated to such Liens securing Senior Lender Claims under
this Agreement and shall otherwise be subject to the terms of this Agreement for all purposes to the same extent as all other Liens securing the Second Priority Claims subject hereto. Nothing in this Agreement impairs or otherwise adversely affects
any rights or remedies the First Lien Agents or the Senior Lenders may have with respect to the Senior Lender Collateral. 

5.5. First Lien Agents as Gratuitous Bailees for Perfection. 

(a) Each First Lien Agent agrees to hold the Pledged or Controlled Collateral that is part of the Common Collateral that is in its
possession or control (or in the possession or control of its agents or bailees) as gratuitous bailee for each Second Priority Agent and any assignee solely for the purpose of perfecting the security interest granted in such Pledged or Controlled
Collateral pursuant to the Second Priority Collateral Agreements, subject to the terms and conditions of this Section 5.5 (such bailment being intended, among other things, to satisfy the requirements of Sections 8-106(d)(3), 8-301(a)(2) and
9-313(c) of the UCC). 
 (b) Except as otherwise specifically provided herein (including Section 3.1), until the Discharge
of Senior Lender Claims has occurred, any First Lien Agent shall be entitled to deal with the Pledged or Controlled Collateral in accordance with the terms of the Senior Lender Documents as if the Liens under the Second Priority Collateral Documents
did not exist. The rights of the Second Priority Agents and the Second Priority Secured Parties with respect to such Pledged or Controlled Collateral shall at all times be subject to the terms of this Agreement. 

(c) The First Lien Agents shall have no obligation whatsoever to any Second Priority Agent or any Second Priority Secured Party to assure
that the Pledged or Controlled Collateral is genuine or owned by the Grantors or to protect or preserve rights or benefits of any Person or any rights pertaining to the Common Collateral except as expressly set forth in this Section 5.5. The
duties or responsibilities of the First Lien Agents under this Section 5.5 shall be limited solely to holding the Pledged or Controlled Collateral as gratuitous bailee for each Second Priority Agent for purposes of perfecting the Lien held by
the Second Priority Secured Parties. 
 (d) The First Lien Agents shall not have by reason of the Second Priority Collateral
Documents or this Agreement or any other document a fiduciary relationship in respect of any Second Priority Agent or any Second Priority Secured Party and the Second Priority Agents and the Second Priority Secured Parties hereby waive and release
the First Lien Agents from all claims and liabilities arising pursuant to the First Lien Agents’ role under this Section 5.5, as agent and gratuitous bailee with respect to the Common Collateral. 

(e) Upon the Discharge of Senior Lender Claims, the relevant First Lien Agent shall deliver to the Second Priority Designated Agent, to
the extent that it is legally permitted to do so, the remaining Pledged or Controlled Collateral (if any) and to the extent such Pledged or Controlled Collateral is in the possession or control of such First Lien Agent (or its agents or bailees)
together with any necessary endorsements (or otherwise allow the Second Priority Designated Agent to obtain control of such Pledged or Controlled Collateral) or as a court of competent jurisdiction may otherwise direct. 

  
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 (f) Neither the First Lien Agents nor the Senior Lenders shall be required to marshal any
present or future collateral security for the Issuer’s or its Subsidiaries’ obligations to the First Lien Agents or the Senior Lenders under the Credit Agreement or the Senior Collateral Documents or any assurance of payment in respect
thereof or to resort to such collateral security or other assurances of payment in any particular order, and all of their rights in respect of such collateral security or any assurance of payment in respect thereof shall be cumulative and in
addition to all other rights, however existing or arising. 
 5.6. [Reserved]. 

5.7. No Release Upon Discharge of Senior Lender Claims; Reinstatement. 

(a) Notwithstanding any other provisions contained in this Agreement, on the date of Discharge of Senior Lender Claims, the Second
Priority Liens on the Second Priority Collateral securing the Second Priority Claims or the Liens granted pursuant to the German Security Documents securing the Second Priority Claims will not be released except to the extent such Second Priority
Collateral or Collateral under the German Security Documents or any portion thereof was disposed of in compliance with the terms of this Agreement in order to repay Senior Lender Claims secured by such Second Priority Collateral or Collateral under
the German Security Documents. 
 (b) If, at any time after the Discharge of Senior Lender Claims has occurred, the Issuer
incurs and designates any Senior Lender Claims, then such Discharge of Senior Lender Claims shall automatically be deemed not to have occurred for all purposes of this Agreement (other than with respect to any actions taken prior to the date of such
designation as a result of the occurrence of such first Discharge of Senior Lender Claims), and the applicable agreement governing such Senior Lender Claims shall automatically be treated as the Credit Agreement for all purposes of this Agreement,
including for purposes of the Lien priorities and rights in respect of Common Collateral set forth herein and the granting by the First Lien Agents of amendments, waivers and consents hereunder. Upon receipt of notice of such designation (including
the identity of any new First Lien Agent), each Second Priority Agent shall promptly (i) enter into such documents and agreements (at the Issuer’s expense), including amendments or supplements to this Agreement, as such new First Lien
Agent shall reasonably request in writing in order to provide the new First Lien Agent the rights of the First Lien Agents contemplated hereby and (ii) to the extent then held by any Second Priority Agent, deliver to such First Lien Agent the
Pledged or Controlled Collateral that is Common Collateral together with any necessary endorsements (or otherwise allow such First Lien Agent to obtain possession or control of such Pledged or Controlled Collateral). 

SECTION 6. Insolvency or Liquidation Proceedings. 
 6.1. Financing Issues. Until the Discharge of the Senior Lender Claims has occurred, if the Issuer or any other Grantor shall be subject to any Insolvency or Liquidation Proceeding and any First
Lien Agent shall desire to permit the use of cash collateral or to permit 

  
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such Issuer or any other Grantor to obtain financing under Section 363 or Section 364 of Title 11 of the United States Code or any similar provision in any Bankruptcy Law (“DIP
Financing”), then each Second Priority Agent, on behalf of itself and each applicable Second Priority Secured Party, agrees that it will raise no objection to, and will not support any objection to, and will not otherwise contest
(a) such use of cash collateral or DIP Financing and will not request adequate protection or any other relief in connection therewith (except to the extent permitted by Section 6.3) and, to the extent the Liens securing the Senior Lender
Claims under the Senior Lender Documents are subordinated or pari passu with such DIP Financing, will subordinate its Liens in the Common Collateral and any other collateral to (x) the Liens securing such DIP Financing (and all
Obligations relating thereto), (y) any adequate protection provided to such First Lien Agent or the Senior Lenders or (z) any “carve-out” for fees agreed to by such First Lien Agent or the Senior Lenders, in each case on the same
basis as the other Liens securing the Second Priority Claims are so subordinated to Liens securing Senior Lender Claims under this Agreement, (b) any motion for relief from the automatic stay or from any injunction against foreclosure or
enforcement in respect of Senior Lender Claims made by any First Lien Agent or any holder of Senior Lender Claims, (c) any lawful exercise by any holder of Senior Lender Claims of the right to credit bid Senior Lender Claims at any sale in
foreclosure of Senior Lender Collateral, (d) any other request for judicial relief made in any court by any holder of Senior Lender Claims relating to the lawful enforcement of any Lien on Senior Lender Collateral or (e) any order relating
to a sale of assets of any Grantor for which any First Lien Agent has consented that provides, to the extent the sale is to be free and clear of Liens, that the Liens securing the Senior Lender Claims and the Second Priority Claims will attach to
the proceeds of the sale on the same basis of priority as the Liens securing the Senior Lender Collateral do to the Liens securing the Second Priority Collateral in accordance with this Agreement; provided, however, that the Second
Priority Secured Parties may assert any such objection that could be asserted by an unsecured creditor (without limiting the foregoing, neither the Second Priority Agent nor any other Second Priority Secured Party may raise any objections based on
rights afforded by Sections 363(e) and (f) of the Bankruptcy Code to secured creditors (or any comparable provisions of any other Bankruptcy Law) with respect to the Liens granted to such person in respect of such assets); and provided
further, however, that the Second Priority Secured Parties are not deemed to have waived any rights to credit bid on the Common Collateral in any such sale or disposition in accordance with Section 363(k) of the Bankruptcy Code, so
long as any such credit bid provides for the payment in full in cash of the Senior Lender Claims. 
 6.2. Relief from the
Automatic Stay. Until the Discharge of Senior Lender Claims has occurred, each Second Priority Agent, on behalf of itself and each applicable Second Priority Secured Party, agrees that none of them shall seek relief from the automatic stay or
any other stay in any Insolvency or Liquidation Proceeding in respect of the Common Collateral or any other collateral, without the prior written consent of all First Lien Agents and Required Lenders. 

6.3. Adequate Protection. Each Second Priority Agent, on behalf of itself and each applicable Second Priority Secured Party,
agrees that none of them shall contest (or support any other Person contesting) (a) any request by any First Lien Agent or Senior Lenders for adequate protection, (b) any objection by any First Lien Agent or Senior Lenders to any motion,
relief, action or proceeding based on such First Lien Agent’s or the Senior Lenders’ claiming a lack of adequate protection or (c) the payment of interest, fees, expenses or other amounts to the

  
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First Lien Agent or any other Senior Lender. Notwithstanding the foregoing, in any Insolvency or Liquidation Proceeding, (i) if the Senior Lenders (or any subset thereof) are granted
adequate protection in the form of additional collateral and/or superpriority claims in connection with any DIP Financing or use of cash collateral under Section 363 or Section 364 of Title 11 of the United States Code or any similar
Bankruptcy Law, then each Second Priority Agent, on behalf of itself and any applicable Second Priority Secured Party, (A) may seek or request adequate protection in the form of (x) a replacement Lien on such additional collateral, which
Lien is subordinated to the Liens securing the Senior Lender Claims and such DIP Financing (and all Obligations relating thereto) on the same basis as the other Liens securing the Second Priority Claims are so subordinated to the Liens securing
Senior Lender Claims under this Agreement, and (y) superpriority claims junior in all respects to the superpriority claims granted to the Senior Lenders, and (B) agrees that it will not seek or request, and will not accept, without the
express written consent of the First Lien Agent, adequate protection in any other form, and (ii) (A) in the event any Second Priority Agent, on behalf of itself or any applicable Second Priority Secured Party, seeks or requests adequate
protection and such adequate protection is granted in the form of additional collateral, then such Second Priority Agent, on behalf of itself or each such Second Priority Secured Party, agrees that the First Lien Agents shall also be granted a
senior Lien on such additional collateral as security for the applicable Senior Lender Claims and any such DIP Financing and that any Lien on such additional collateral securing the Second Priority Claims shall be subordinated to the Liens on such
collateral securing the Senior Lender Claims and any such DIP Financing (and all Obligations relating thereto) and any other Liens granted to the Senior Lenders as adequate protection on the same basis as the other Liens securing the Second Priority
Claims are so subordinated to such Liens securing Senior Lender Claims under this Agreement, and (B) in the event any Second Priority Agent, on behalf of itself or any applicable Second Priority Secured Party, seeks or requests adequate
protection and such adequate protection is granted in the form of a superpriority claim, then such Second Priority Agent, on behalf of itself or each such Second Priority Secured Party, agrees that the First Lien Agents shall also be granted a
superpriority claim, which superpriority claim will be senior in all respects to the superpriority claim granted to such Second Priority Agent and the Second Priority Secured Parties. Notwithstanding the foregoing, if the Senior Lenders are deemed
by a court of competent jurisdiction in any Insolvency or Liquidation Proceeding to be entitled to receive adequate protection in the form of payments in the amount of current post-petition interest, incurred fees and expenses or other cash
payments, then the Second Priority Agent and the Second Priority Secured Parties shall not be prohibited from seeking or receiving adequate protection in the form of payments in the amount of current post-petition interest, incurred fees and
expenses or other cash payments. 
 6.4. Avoidance Issues. If any Senior Lender is required in any Insolvency or
Liquidation Proceeding or otherwise to turn over or otherwise pay to the estate of the Issuer or any other Grantor (or any trustee, receiver or similar person therefor), because the payment of such amount was declared to be fraudulent or
preferential in any respect or for any other reason, any amount (a “Recovery”), whether received as proceeds of security, enforcement of any right of setoff or otherwise, then as among the parties hereto the Senior Lender Claims
shall be deemed to be reinstated to the extent of such Recovery and to be outstanding as if such payment had not occurred and the Senior Lenders shall be entitled to a Discharge of Senior Lender Claims with respect to all such recovered amounts and
shall have all rights hereunder until such time. If this Agreement shall have been terminated prior to such Recovery, this Agreement shall be reinstated 

  
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in full force and effect, and such prior termination shall not diminish, release, discharge, impair or otherwise affect the obligations of the parties hereto. Any Common Collateral or proceeds
thereof received by any Second Lien Secured Party prior to the time of such Recovery shall be deemed to have been received prior to the Discharge of Senior Lender Claims and subject to the provisions of Section 4.2. 

6.5. Application. This Agreement shall be applicable prior to and after the commencement of any Insolvency or Liquidation
Proceeding. All references herein to any Grantor shall apply to any trustee for such Person and such Person as debtor in possession. The relative rights as to the Common Collateral and other collateral and proceeds thereof shall continue after the
filing thereof on the same basis as prior to the date of the petition, subject to any court order approving the financing of, or use of cash collateral by, any Grantor. 
 6.6. Waivers. Until the Discharge of Senior Lender Claims has occurred, each Second Priority Agent, on behalf of itself and each applicable Second Priority Secured Party, (a) will not assert
or enforce any claim under Section 506(c) of the United States Bankruptcy Code senior to or on a parity with the Liens securing the Senior Lender Claims for costs or expenses of preserving or disposing of any Common Collateral or other
collateral, and (b) waives any claim it may now or hereafter have arising out of the election by any Senior Lender of the application of Section 1111(b)(2) of the Bankruptcy Code. 

6.7. Nature of Obligations; Post-Petition Interest. Each Second Priority Agent, on behalf of the Second Priority Secured Parties,
hereby acknowledges and agrees that (i) the Second Priority Secured Parties’ claims against the Grantors in respect of the Common Collateral constitute junior claims separate and apart (and of a different class) from the Senior Lender
Claims of the Senior Lenders against the Grantors in respect of the Common Collateral, (ii) the Senior Lender Claims include all interest that accrues after the commencement of any Insolvency or Liquidation Proceeding of any Grantor at the rate
provided for in the applicable Senior Lender Documents governing the same, whether or not a claim for post-petition interest is allowed or allowable in any such Insolvency or Liquidation Proceeding, (iii) this Agreement constitutes a
“subordination agreement” under Section 510 of the Bankruptcy Code and (iv) the Senior Lender Claims are fundamentally different from the Second Priority Claims and the Second Priority Claims are fundamentally different from the
Senior Lender Claims and, in each case, must be separately classified in any Plan of Reorganization proposed or confirmed (or approved) in an Insolvency or Liquidation Proceeding. To further effectuate the intent of the parties as provided in the
immediately preceding sentence, if it is held that the claims against the Grantors in respect of the Common Collateral constitute only one secured claim (rather than separate classes of senior and junior claims), then each Second Priority Agent, on
behalf of the Second Priority Secured Parties, hereby acknowledges and agrees that all distributions pursuant to Section 4.1 or otherwise from the Common Collateral shall be made as if there were separate classes of senior and junior secured
claims against the Grantors in respect of the Common Collateral (with the effect being that, to the extent that the aggregate value of the Common Collateral is sufficient (for this purpose ignoring all claims held by each Second Priority Agent on
behalf of the Second Priority Secured Parties), the Senior Lenders shall be entitled to receive, in addition to amounts distributed to them in respect of principal, pre-petition interest and other claims, all amounts owing in respect of
post-petition interest at the relevant contract rate (even though such claims may or may not be allowed or allowable in whole or in part in the respective Insolvency or Liquidation 

  
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Proceeding) before any distribution from the Common Collateral is made in respect of the claims held by each Second Priority Agent, on behalf of the Second Priority Secured Parties, with each
Second Priority Agent, on behalf of the Second Priority Secured Parties, hereby acknowledging and agreeing to turn over to the holders of the Senior Lender Claims all amounts otherwise received or receivable by them from the Common Collateral to the
extent needed to effectuate the intent of this sentence even if such turnover of amounts has the effect of reducing the amount of the claim of the Second Priority Secured Parties). Neither any Second Priority Agent nor any Second Priority Secured
Party shall oppose or seek to challenge any claim by a First Lien Agent or any Senior Lender for allowance in any Insolvency or Liquidation Proceeding of Senior Lender Claims consisting of post-petition interest, fees or expenses to the extent of
the value of the Senior Lender’s Lien, without regard to the existence of the Lien of any Second Priority Agent on behalf of the Second Priority Secured Parties on the Common Collateral. Neither the First Lien Agents nor any other Senior Lender
shall oppose or seek to challenge any claim by the Second Priority Agent or any Second Priority Secured Party for allowance in any Insolvency or Liquidation Proceeding of Second Priority Claims consisting of post-petition interest, fees or expenses
to the extent of the value of the Second Priority Agent’s Lien, after taking into account the existence of the Senior Lender’s Lien on behalf of the Senior Lenders on the Common Collateral. 

6.8. No Waiver. Other than as set forth in Section 6.3, nothing contained herein shall prohibit or in any way limit the First
Lien Agent or any Senior Lender from objecting in any Insolvency or Liquidation Proceeding or otherwise to any action taken by any Second Priority Agent or any of the Second Priority Secured Parties, including the seeking by any Second Priority
Agent or any Second Priority Secured Parties of adequate protection or the asserting by any Second Priority Agent or any Second Priority Secured Parties of any of its rights and remedies under the Second Priority Documents or otherwise. 

6.9. Plan of Reorganization. Without limiting the generality of any provisions of this Agreement, any vote to accept any
Non-Conforming Plan of Reorganization by any Second Priority Agent or Second Priority Secured Party shall be inconsistent with and accordingly, a violation of the terms of this Agreement, and the First Lien Agent shall be entitled to have any such
vote to accept a Non-Conforming Plan of Reorganization dismissed. 
 6.10. Reorganization Securities. If, in any
Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed pursuant to a plan of reorganization or similar dispositive restructuring plan, both on
account of Senior Lender Claims and on account of Second Priority Claims, then, to the extent the debt obligations distributed on account of the Senior Lender Claims and on account of the Second Priority Claims are secured by Liens upon the same
property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations. 

SECTION 7. Reliance; Waivers; etc. 
 7.1. Reliance. The consent by the Senior Lenders to the execution and delivery of the Second Priority Documents to which the Senior Lenders have consented and all loans and other extensions of
credit made or deemed made on and after Closing Date by the Senior 

  
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Lenders to the Issuer or any Subsidiary shall be deemed to have been given and made in reliance upon this Agreement. Each Second Priority Agent, on behalf of itself and each applicable Second
Priority Secured Party, acknowledges that it and each applicable Second Priority Secured Party is not entitled to rely on any credit decision or other decisions made by any First Lien Agent or any Senior Lender in taking or not taking any action
under the applicable Second Priority Document or this Agreement. 
 7.2. No Warranties or Liability. Neither any First
Lien Agent nor any Senior Lender shall have been deemed to have made any express or implied representation or warranty upon which the Second Priority Agent or the Second Priority Secured Parties may rely, including with respect to the execution,
validity, legality, completeness, collectibility or enforceability of any of the Senior Lender Documents, the ownership of any Common Collateral or the perfection or priority of any Liens thereon. The Senior Lenders will be entitled to manage and
supervise their respective loans and extensions of credit under the Senior Lender Documents in accordance with law and as they may otherwise, in their sole discretion, deem appropriate, and the Senior Lenders may manage their loans and extensions of
credit without regard to any rights or interests that any Second Priority Agent or any of the Second Priority Secured Parties have in the Common Collateral or otherwise, except as otherwise provided in this Agreement. Neither any First Lien Agent
nor any Senior Lender shall have any duty to any Second Priority Agent or any Second Priority Secured Party to act or refrain from acting in a manner that allows, or results in, the occurrence or continuance of an event of default or default under
any agreements with the Issuer or any Subsidiary thereof (including the Second Priority Documents), regardless of any knowledge thereof that they may have or be charged with. Except as expressly set forth in this Agreement, the First Lien Agents,
the Senior Lenders, the Second Priority Agents and the Second Priority Secured Parties have not otherwise made to each other, nor do they hereby make to each other, any warranties, express or implied, nor do they assume any liability to each other
with respect to (a) the enforceability, validity, value or collectibility of any of the Second Priority Claims, the Senior Lender Claims or any guarantee or security which may have been granted to any of them in connection therewith,
(b) the Issuer’s or any other Grantor’s title to or right to transfer any of the Common Collateral or (c) any other matter except as expressly set forth in this Agreement. 

7.3. Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Agents and the Senior Lenders,
and the Second Priority Agents and the Second Priority Secured Parties, respectively, hereunder shall remain in full force and effect irrespective of: 
 (a) any lack of validity or enforceability of any Senior Lender Documents or any Second Priority Documents; 
 (b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the Senior Lender Claims or Second Priority Claims, or any amendment or waiver or other modification,
including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Credit Agreement or any other Senior Lender Document or of the terms of the Second Priority Senior Secured Notes Indenture or any other
Second Priority Document; 

  
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 (c) any exchange of any security interest in any Common Collateral or any
other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the Senior Lender Claims or Second Priority Claims or any guarantee thereof; 

(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Issuer or any other Grantor; or

 (e) any other circumstances that otherwise might constitute a defense available to, or a discharge of, the
Issuer or any other Grantor in respect of the Senior Lender Claims, or of any Second Priority Agent or any Second Priority Secured Party in respect of this Agreement. 
 SECTION 8. Miscellaneous. 
 8.1. Conflicts. Subject to
Section 8.19, in the event of any conflict between the provisions of this Agreement and the provisions of any Senior Lender Document or any Second Priority Document, the provisions of this Agreement shall govern. It is understood and agreed
that the provisions of the German Security Documents shall be subject to the terms of this Agreement. In the event of any conflict between the provisions of any German Security Document and the provisions of this Agreement, the provisions of this
Agreement shall govern. 
 8.2. Continuing Nature of this Agreement; Severability. Subject to Section 6.4, this
Agreement shall continue to be effective until the Discharge of Senior Lender Claims shall have occurred. This is a continuing agreement of lien subordination and the Senior Lenders may continue, at any time and without notice to any Second Priority
Agent or any Second Priority Secured Party, to extend credit and other financial accommodations and lend monies to or for the benefit of the Issuer or any other Grantor constituting Senior Lender Claims in reliance hereon. The terms of this
Agreement shall survive, and shall continue in full force and effect, in any Insolvency or Liquidation Proceeding. Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall not invalidate the remaining provisions
hereof in any such jurisdiction, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 

8.3. Amendments; Waivers. Subject to Section 8.22 hereof, no amendment, modification or waiver of any of the provisions of
this Agreement shall be deemed to be made unless the same shall be in writing signed on behalf of each First Lien Agent and Second Priority Agent and each waiver, if any, shall be a waiver only with respect to the specific instance involved and
shall in no way impair the rights of the parties making such waiver or the obligations of the other parties to such party in any other respect or at any other time. The Issuer and the other Grantors shall not have any right to consent to or approve
any amendment, modification or waiver of any provision of this Agreement except to the extent any such amendment, modification or waiver increases the obligations or reduces the rights of the Issuer or any other Grantor (in which case the Issuer
shall have the right to consent to or approve any such amendment, modification or waiver). 

  
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 8.4. Information Concerning Financial Condition of the Issuer and the Subsidiaries.
Neither any First Lien Agent nor any Senior Lender shall have any obligation to any Second Priority Agent or any Second Priority Secured Party to keep the Second Priority Agent or any Second Priority Secured Party informed of, and the Second
Priority Agents and the Second Priority Secured Parties shall not be entitled to rely on the First Lien Agents or the Senior Lenders with respect to, (a) the financial condition of the Issuer and the Subsidiaries and all endorsers, pledgors
and/or guarantors of the Second Priority Claims or the Senior Lender Claims and (b) all other circumstances bearing upon the risk of nonpayment of the Second Priority Claims or the Senior Lender Claims. The First Lien Agents, the Senior
Lenders, each Second Priority Agent and the Second Priority Secured Parties shall have no duty to advise any other party hereunder of information known to it or them regarding such condition or any such circumstances or otherwise. In the event that
any First Lien Agent, any Senior Lender, any Second Priority Agent or any Second Priority Secured Party, in its or their sole discretion, undertakes at any time or from time to time to provide any such information to any other party, it or they
shall be under no obligation (w) to make, and the First Lien Agents, the Senior Lenders, the Second Priority Agents and the Second Priority Secured Parties shall not make, any express or implied representation or warranty, including with
respect to the accuracy, completeness, truthfulness or validity of any such information so provided, (x) to provide any additional information or to provide any such information on any subsequent occasion, (y) to undertake any
investigation or (z) to disclose any information that, pursuant to accepted or reasonable commercial finance practices, such party wishes to maintain confidential or is otherwise required to maintain confidential. 

8.5. Subrogation. Each Second Priority Agent, on behalf of itself and each applicable Second Priority Secured Party, hereby waives
any rights of subrogation it may acquire as a result of any payment hereunder until the Discharge of Senior Lender Claims has occurred. 
 8.6. Application of Payments. Except as otherwise provided herein, all payments received by the Senior Lenders may be applied, reversed and reapplied, in whole or in part, to such part of the
Senior Lender Claims as the Senior Lenders, in their sole discretion, deem appropriate, consistent with the terms of the Senior Lender Documents. Except as otherwise provided herein, each Second Priority Agent, on behalf of itself and each
applicable Second Priority Secured Party, assents to any such extension or postponement of the time of payment of the Senior Lender Claims or any part thereof and to any other indulgence with respect thereto, to any substitution, exchange or release
of any security that may at any time secure any part of the Senior Lender Claims and to the addition or release of any other Person primarily or secondarily liable therefor. 
 8.7. Consent to Jurisdiction; Waivers. The parties hereto consent to the exclusive jurisdiction of any state or federal court located in New York County, New York, and consent that all service of
process may be made by registered mail directed to such party as provided in Section 8.8 for such party. Service so made shall be deemed to be completed upon receipt. The parties hereto waive any objection to any action instituted hereunder in
any such court based on forum non conveniens, and any objection to the venue of any action instituted hereunder in any such court. Each of the parties hereto waives any right it may have to trial by jury in respect of any litigation based on, or
arising out of, under or in connection with this Agreement, or any course of conduct, course of dealing, verbal or written statement or action of any party hereto in connection with the subject matter hereof. 

  
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 8.8. Notices. All notices to the Second Priority Secured Parties and the Senior
Lenders permitted or required under this Agreement may be sent to the Trustee, the First Lien Agents or any Second Priority Agent as provided in the Second Priority Senior Secured Notes Indenture, the Credit Agreement, the Other First Priority Lien
Obligations Credit Documents, the other relevant Senior Lender Documents or the other relevant Second Priority Documents, as applicable. Unless otherwise specifically provided herein, any notice or other communication herein required or permitted to
be given shall be in writing and may be personally served, telecopied, electronically mailed or sent by courier service or U.S. mail and shall be deemed to have been given upon receipt of a telecopy or electronic mail or upon receipt via personal or
courier delivery or by U.S. mail (registered or certified, with postage prepaid and properly addressed). For the purposes hereof, the addresses of the parties hereto shall be as set forth below each party’s name on the signature pages hereto,
or, as to each party, at such other address as may be designated by such party in a written notice to all of the other parties. The First Lien Agents hereby agree to promptly notify each Second Priority Agent upon payment in full in cash of all
Obligations under the applicable Senior Lender Documents (except for contingent indemnities and cost and reimbursement obligations to the extent no claim therefor has been made). 

8.9. Further Assurances. Each of the Second Priority Agents, on behalf of itself and each applicable Second Priority Secured
Party, and each applicable First Lien Agent, on behalf of itself and each Senior Lender, agrees that each of them shall take such further action and shall execute and deliver to each other First Lien Agent and the Senior Lenders such additional
documents and instruments (in recordable form, if requested) as each other First Lien Agent or the Senior Lenders may reasonably request, at the Issuer’s expense, to effectuate the terms of and the Lien priorities contemplated by this
Agreement. 
 8.10. Governing Law. This Agreement has been delivered and accepted in and shall be deemed to have been
made in New York, New York and shall be interpreted, and the rights and liabilities of the parties bound hereby determined, in accordance with the laws of the State of New York, without regard to conflicts of law principles thereof. 

8.11. Binding on Successors and Assigns. This Agreement shall be binding upon the First Lien Agents, the Senior Lenders, the
Second Priority Agents, the Common Collateral Agent, the Second Priority Secured Parties and their respective permitted successors and assigns. 
 8.12. Specific Performance. Each First Lien Agent may demand specific performance of this Agreement. Each Second Priority Agent, on behalf of itself and each applicable Second Priority Secured
Party, hereby irrevocably waives any defense based on the adequacy of a remedy at law and any other defense that might be asserted to bar the remedy of specific performance in any action that may be brought by any First Lien Agent. 

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

  
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 8.14. Counterparts. This Agreement may be executed in one or more counterparts,
including by means of facsimile, each of which shall be an original and all of which shall together constitute one and the same document. 
 8.15. Authorization. By its signature, each Person executing this Agreement on behalf of a party hereto represents and warrants to the other parties hereto that it is duly authorized to execute
this Agreement. The First Lien Agents represent and warrant that this Agreement is binding upon the Senior Lenders. The Trustee represents and warrants that it is authorized under the Indenture to enter into this Agreement. 

8.16. Delegation of Duties. The First Lien Agent may perform any and all of their duties and exercise its rights and powers
hereunder or under any Senior Lender Document by or through any one or more sub-agents appointed by the First Lien Agent. The Second Priority Agent may perform any and all of their duties and exercise its rights and powers hereunder or under any
Noteholder Document by or through any one or more sub-agents appointed by the Second Priority Agent. 
 8.17. No Third Party
Beneficiaries; Successors and Assigns. This Agreement and the rights and benefits hereof shall inure to the benefit of, and be binding upon, each of the parties hereto and their respective successors and assigns and shall inure to the benefit of
each of, and be binding upon, the holders of Senior Lender Claims and Second Priority Claims. No other Person shall have or be entitled to assert rights or benefits hereunder. Notwithstanding the foregoing, the Issuer and the other Grantors are the
intended beneficiaries and the third party beneficiaries hereof with the right and power to enforce with respect to Sections 5.1, 5.2, 5.3(b), 8.3, 8.16, 8.19 and 8.22 and Article VII hereof and as otherwise provided herein. 

8.18. Effectiveness. This Agreement shall become effective when executed and delivered by the parties hereto. This Agreement shall
be effective both before and after the commencement of any Insolvency or Liquidation Proceeding. All references to the Issuer or any other Grantor shall include the Issuer or any other Grantor as debtor and debtor-in-possession and any receiver or
trustee for the Issuer or any other Grantor (as the case may be) in any Insolvency or Liquidation Proceeding. 
 8.19. First
Lien Agents and Second Priority Agents. It is understood and agreed that (a) Citibank, N.A. is entering into this Agreement in its capacity as administrative agent under the Credit Agreement and the provisions of Article VIII of the Credit
Agreement applicable to Citibank, N.A. as administrative agent thereunder shall also apply to Citibank, N.A. as Credit Agreement Agent and Common Collateral Agent hereunder, (b) Wilmington Trust, National Association is entering into this
Agreement in its capacity as Trustee and not in its individual capacity, and the provisions of Article VII of the Second Priority Senior Secured Notes Indenture applicable to the trustee thereunder shall also apply to the Trustee hereunder,
(c) Wilmington Trust, National Association is entering into this agreement in its capacity as Second Priority Collateral Agent and not in its individual capacity, and the provisions of Article XI of the Second Priority Senior Secured Notes
Indenture applicable to the collateral agent thereunder shall also apply to the Second Priority Collateral Agent hereunder, and (d)(i) Citibank International plc is acknowledging this Agreement solely in its capacity as First Lien Sub-Agent and
Second Lien Sub-Agent, (ii) the relationship between the First Lien Sub-Agent and Credit Agreement Agent shall 

  
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be governed by the Collateral Sub-Agency Agreement dated as of the date hereof among the Credit Agreement Agent, the First Lien Sub-Agent and Taminco NV, and (iii) the relationship between
the Second Lien Sub-Agent and the Second Priority Colalteral Agent shall be governed by the Collateral Sub-Agency Agreement dated of the date hereof among the Second Lien Sub-Agent, the Second Priority Collateral Agent and Taminco NV. 

8.20. Relative Rights. Notwithstanding anything in this Agreement to the contrary (except to the extent contemplated by
Section 5.3(b)), nothing in this Agreement is intended to or will (a) amend, waive or otherwise modify the provisions of the Credit Agreement, the Other First Priority Lien Obligations Credit Documents, the Second Priority Senior Secured
Notes Indenture or any other Senior Lender Documents or Second Priority Documents entered into in connection with the Credit Agreement, the Other First Priority Lien Obligations Credit Documents, the Second Priority Senior Secured Notes Indenture or
any other Senior Lender Document or Second Priority Document or permit Holdings, the Issuer or any Subsidiary to take any action, or fail to take any action, to the extent such action or failure would otherwise constitute a breach of, or default
under, the Credit Agreement or any other Senior Lender Documents entered into in connection with the Credit Agreement, the Other First Priority Lien Obligations Credit Documents, the Second Priority Senior Secured Notes Indenture or any other Second
Priority Documents, (b) change the relative priorities of the Senior Lender Claims or the Liens granted under the Senior Lender Documents on the Common Collateral (or any other assets) as among the Senior Lenders, (c) otherwise change the
relative rights of the Senior Lenders in respect of the Common Collateral as among such Senior Lenders or (d) obligate Holdings, the Issuer or any Subsidiary to take any action, or fail to take any action, that would otherwise constitute a
breach of, or default under, the Credit Agreement, the Other First Priority Lien Obligations Credit Documents or any other Senior Lender Document entered into in connection with the Credit Agreement, the Other First Priority Lien Obligations Credit
Documents, the Second Priority Senior Secured Notes Indenture or any other Second Priority Documents. 
 8.21.
References. Notwithstanding anything to the contrary in this Agreement, any references contained herein to any Section, clause, paragraph, definition or other provision of the Second Priority Senior Secured Notes Indenture (including any
definition contained therein) shall be deemed to be a reference to such Section, clause, paragraph, definition or other provision as in effect on the date of this Agreement; provided that any reference to any such Section, clause, paragraph
or other provision shall refer to such Section, clause, paragraph or other provision of the Second Priority Senior Secured Notes Indenture, as applicable (including any definition contained therein), as amended or modified from time to time if such
amendment or modification has been (1) made in accordance with the Second Priority Senior Secured Notes Indenture, and (2) approved in writing by, or on behalf of, the Required Lenders. 

8.22. Entire Agreement. THIS AGREEMENT REPRESENTS THE FINAL AGREEMENT AMONG THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF
PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. FOR THE AVOIDANCE OF DOUBT, THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES. 

  
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 8.23. Joinder Requirements. The Issuer without the consent of any
First Lien Agent or Second Priority Agent, any Senior Lender or any Second Priority Secured Party, may designate additional obligations as Other First Priority Lien Obligations or Future Second Lien Indebtedness if the Issuer delivers to each First
Lien Agent and Second Priority Agent an officer’s certificate describing such obligations and certifying that incurrence of such obligations (and the Liens with such priority securing such obligations) is permitted under each of the Credit
Agreement, each Other First Priority Lien Obligations Credit Document, the Second Priority Senior Secured Notes Indenture, all other applicable Senior Lender Documents and Second Priority Documents and this Agreement. If so permitted, as a condition
precedent to the effectiveness of such designation, the applicable Other First Priority Lien Obligations Agent or the administrative agent or trustee and collateral agent for such Future Second Lien Indebtedness shall execute and deliver to each
First Lien Agent and Second Priority Agent, a joinder agreement to this Agreement in form and substance reasonably satisfactory to the First Priority Designated Agent. Notwithstanding anything to the contrary set forth in this Section 8.22 or
in Section 8.3 hereof, any First Lien Agent and/or any Second Priority Agent may, and, at the request of the Issuer, shall, in each case, without the consent of any other First Lien Agent or Second Priority Agent, any Senior Lender or any
Second Priority Secured Party, enter into a supplemental agreement (which may take the form of an amendment, an amendment and restatement or a supplement of this Agreement) to facilitate the designation of such additional obligations as Other First
Priority Lien Obligations or Future Second Lien Indebtedness. Any such amendment may, among other things, (i) add other parties holding Future Second Lien Indebtedness (or any agent or trustee therefor) to the extent such Indebtedness (and the
Liens securing such Indebtedness) is not prohibited by the Credit Agreement, the Other First Priority Lien Obligations Credit Documents, the Second Priority Senior Secured Notes Indenture or any other Second Priority Document governing Future Second
Lien Indebtedness as certified by the Issuer pursuant to this Section 8.22, (ii) add other parties holding Obligations arising under the Other First Priority Lien Obligations Credit Documents (or any agent or trustee thereof) to the extent
such Obligations (and the Liens securing such Obligations) are not prohibited by the Credit Agreement, the Other First Priority Lien Obligations Credit Documents, the Second Priority Senior Secured Notes Indenture or any other Second Priority
Document governing Future Second Lien Indebtedness, (iii) in the case of Future Second Lien Indebtedness as certified by the Issuer pursuant to this Section 8.22, (a) establish that the Lien on the Common Collateral securing such
Future Second Lien Indebtedness shall be junior and subordinate in all respects to all Liens on the Common Collateral securing any Senior Lender Claims, and (b) provide to the holders of such Future Second Lien Indebtedness (or any agent or
trustee thereof) the comparable rights and benefits (including any improved rights and benefits that have been consented to by the First Lien Agents) as are provided to the holders of Second Priority Claims under the foregoing Agreement prior to the
incurrence of such Future Second Lien Indebtedness, and (iv) in the case of Obligations arising under Other First Priority Lien Obligations Credit Documents, (a) establish that the Lien on the Common Collateral securing such Obligations
shall be superior and prior in all respects to all Liens on the Common Collateral securing any Second Priority Claims and any Future Second Lien Indebtedness, and (b) subject to the express provisions of this Agreement provide to the holders of
such Obligations arising under the Other First Priority Lien Obligations Credit Documents (or any agent or trustee thereof) the comparable rights and benefits vis-à-vis the Second Priority Secured Parties as are provided to the holders of
Senior Lender Claims under the foregoing Agreement prior to the incurrence of such Obligations. Any such additional party, each First Lien Agent and each Second Priority Agent shall be entitled to rely on the determination of officers of the Issuer
that such modifications do not violate the Credit Agreement, the Other First Priority Lien Obligations 

  
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Credit Documents, the Second Priority Senior Secured Notes Indenture or any other Second Priority Document governing Future Second Lien Indebtedness if such determination is set forth in an
officer’s certificate delivered to such party, the First Lien Agents and each Second Priority Agent pursuant to this Section 8.22; provided, however, that such determination will not affect whether or not the Issuer has
complied with its undertakings in the Credit Agreement, the Other First Priority Lien Obligations Credit Documents, the Senior Collateral Documents, the Second Priority Senior Secured Notes Indenture, any other Second Priority Document governing
Future Second Lien Indebtedness or the Second Priority Collateral Documents. Any future Guarantor shall execute and and deliver to the Administrative Agent an acknowledgement in the form of the Acknowledgement delivered by the Issuer and the
Guarantors on the date hereof. 
 8.24. Intercreditor Agreements. Each party hereto agrees that the Senior Lenders (as
among themselves) and the Second Priority Secured Parties (as among themselves) may each enter into intercreditor agreements (or similar arrangements) with the applicable First Lien Agent or Second Priority Agent governing the rights, benefits and
privileges as among the Senior Lenders or the Second Priority Secured Parties, as the case may be, in respect of the Common Collateral, this Agreement and the other Senior Collateral Documents or Second Priority Collateral Documents, as the case may
be, including as to application of proceeds of the Common Collateral, voting rights, control of the Common Collateral and waivers with respect to the Common Collateral, in each case so long as the terms thereof do not violate or conflict with the
provisions of this Agreement or the other Senior Collateral Documents or Second Priority Collateral Documents, as the case may be. In any event, if a respective intercreditor agreement (or similar arrangement) exists, the provisions thereof shall
not be (or be construed to be) an amendment, modification or other change to this Agreement and the provisions of this Agreement shall remain in full force and effect in accordance with the terms hereof (as such provisions may be amended, modified
or otherwise supplemented from time to time in accordance with the terms hereof). 
 SECTION 9. Common Collateral Agent.

 9.1. Appointment and Authority. 
 (a) Each of the Senior Lenders and the Second Priority Secured Parties by accepting the benefits hereof and of the German Security Documents hereby irrevocably appoints the Credit Agreement Agent to act
on its behalf as the Common Collateral Agent hereunder and under the German Security Documents and authorizes the Common Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Common Collateral Agent
by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto. The Common Collateral Agent shall be exempted from the restrictions on representing several persons and self-dealing set forth in
Section 181 of the German Civil Code. A German Secured Party that is barred by its constitutional documents or by-laws from granting such exemption shall notify the Security Trustee accordingly. 

(b) The Common Collateral Agent shall act as the “collateral agent” under the German Security Documents, and each of the Senior
Lenders and the Second Priority Secured Parties hereby irrevocably appoints and authorizes the Common Collateral Agent to act as the agent of such Senior Lenders and Second Priority Secured Parties for purposes of acquiring, holding

  
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and enforcing any and all Liens on Collateral granted under the German Security Documents to secure any of the obligations under Common Secured Documents, together with such powers and discretion
as are reasonably incidental thereto. In this connection, the Common Collateral Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Common Collateral Agent for purposes of holding or enforcing
any Lien on the Collateral (or any portion thereof) granted under the German Security Documents, or for exercising any rights and remedies thereunder at the direction of the Common Collateral Agent, shall be entitled to the benefits of all
provisions of this Section 9.1. 
 (c) The Common Collateral Agent shall: 

(A) hold and administer any Lien on the Collateral granted under the German Security Documents which is security assigned
(Sicherungseigentum/Sicherungsabtretung) or otherwise transferred under a non-accessory security right (nicht-akzessorische Sicherheit) to it as trustee (treuhänderisch) for the benefit of the German Secured Parties; and

 (B) administer any Lien on the Collateral granted under the German Security Documents which is pledged
(Verpfändung) or otherwise transferred to any German Secured Party under an accessory security right (akzessorische Sicherheit) as agent. 
 (d) Each German Secured Party hereby authorizes the Common Collateral Agent (whether or not by or through employees or agents): 

(A) to exercise such rights, remedies, powers and discretions as are specifically delegated to or conferred upon the
Common Collateral Agent under the German Security Documents together with such powers and discretions as are reasonably incidental thereto; 
 (B) to take such action on its behalf as may from time to time be authorized under or in accordance with the German Security Documents; and 

(C) to accept as its representative (Stellvertreter) any pledge or other creation of any accessory security right
granted in favor of such German Secured Party in connection with the German Security Documents and to agree to and execute on its behalf as its representative (Stellvertreter) any amendments and/or alterations to any German Security Document
which creates a pledge or any other accessory security right (akzessorische Sicherheit) including the release or confirmation of release of such Lien. 
 (e) Each German Secured Party hereby ratifies and approves all acts and declarations previously done by the Common Collateral Agent on such German Secured Party’s behalf (including for the avoidance
of doubt the declarations made by the Common Collateral Agent as representative without power of attorney (Vertreter ohne Vertretungsmacht) in relation to the creation of any pledge (Pfandrecht) on behalf and for the benefit of any
German Secured Party as future pledgee or otherwise). 

  
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 9.2. Rights as a Senior Lender. The Person serving as the Common Collateral Agent
hereunder shall have the same rights and powers in its capacity as a Senior Lender as any other Senior Lender and may exercise the same as though it were not the Common Collateral Agent and the term “Senior Lender” or “Senior
Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person serving as the Common Collateral Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits
from, lend money to, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with the Borrower or any Subsidiary or other Affiliate thereof as if such Person were not the Common Collateral
Agent hereunder and without any duty to account therefor to the Senior Lenders. 
 9.3. Exculpatory Provisions. The
Common Collateral Agent shall not have any duties or obligations except those expressly set forth herein and in the German Security Documents. Without limiting the generality of the foregoing, the Common Collateral Agent: 

(a) shall not be subject to any fiduciary or other implied duties, regardless of whether a Default or Indenture Default has occurred and
is continuing; 
 (b) shall not have any duty to take any discretionary action or exercise any discretionary powers, except
discretionary rights and powers expressly contemplated hereby or by the German Security Documents that the Common Collateral Agent is required to exercise as directed in writing, until the Discharge of the Senior Lender Claims by the Required
Lenders and by the Trustee or the Majority Noteholders thereafter, provided that the Common Collateral Agent shall not be required to take any action that, in its opinion or the opinion of its counsel, may expose the Common Collateral Agent to
liability or that is contrary to any German Security Documents or applicable law; 
 (c) shall not, except as expressly set
forth herein and in the German Security Documents, have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to the German Grantors or any of their Affiliates that is communicated to or obtained by the
Person serving as the Common Collateral Agent or any of its Affiliates in any capacity; 
 (d) shall not be liable for any
action taken or not taken by it (i) with the consent or at the request of, until the Discharge of the Senior Lender Claims, the Required Lenders, and the Trustee or the Majority Noteholders thereafter, or (ii) in the absence of its own
gross negligence or willful misconduct; provided that the Common Collateral Agent shall be deemed not to have knowledge of any Default or Indenture Default unless and until notice describing such Default or Indenture Default is given to the
Common Collateral Agent by the Borrower, a Senior Lender, a German Grantor, the Trustee or a holder of Notes; 
 (e) shall not
be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with the Common Secured Documents, (ii) the contents of any certificate, report or other document
delivered hereunder or thereunder or in connection with such Common Secured Documents, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any
Default or Indenture Default, (iv) the validity, enforceability, effectiveness or genuineness of any Common Secured Document or any other agreement, instrument or document, or the creation, perfection or priority of any Lien purported to be
created by the German Security Documents or (v) the value or the sufficiency of any Collateral. 

  
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 9.4. Reliance by Common Collateral Agent. The Common Collateral Agent shall be
entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic message, Internet or intranet website posting or other
distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper Person. The Common Collateral Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been
made by the Grantors, and shall not incur any liability for relying thereon. The Common Collateral Agent may consult with legal counsel (who may be counsel for the Borrower or any Grantor), independent accountants and other experts selected by it,
and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts. 
 9.5. Delegation of Duties. The Common Collateral Agent may perform any and all of its duties and exercise its rights and powers hereunder or under any German Security Document by or through any one
or more sub-agents appointed by the Common Collateral Agent. The Common Collateral Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers by or through their respective Related Parties. The exculpatory
provisions of this clause shall apply to any such sub-agent and to the Related Parties of the Common Collateral Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of the credit facilities
provided for herein as well as activities as Common Collateral Agent. 
 9.6. Resignation of Common Collateral Agent. The
Common Collateral Agent may resign at any time upon 30 days’ notice to the Senior Lenders, the Trustee, the German Grantors and the Borrower, subject to the appointment of a successor. If the Common Collateral Agent (or an Affiliate thereof)
becomes a Defaulting Lender and is not performing its role as Common Collateral Agent, the Common Collateral Agent may be removed as the Common Collateral Agent at the request of the Borrower, the German Grantors or, until the Discharge of Senior
Lender Claims, the Required Lenders and the Trustee or the Majority Noteholders thereafter upon 10 days’ notice to the Common Collateral Agent, subject to the appointment of a successor. Upon receipt of any such notice of resignation or upon
such removal, until the Discharge of Senior Lender Claims, the Required Lenders and the Trustee or the Majority Noteholders thereafter shall have the right, with the Borrower’s consent (such consent not to be unreasonably withheld or delayed if
such successor is a commercial bank with a combined capital and surplus of at least $1.0 billion) (provided that, until the Discharge of Senior Lender Claims, no consent of the Borrower shall be required if an Event of Default under
Section 7.01(a), (b), (h) or (i)(ii) of the Credit Agreement (a “Specified Credit Agreement Default”) or Section 6.01(a), (b), (e)(ii) and (f) of the Indenture (a “Specified Indenture Default”)
thereafter has occurred and is continuing), to appoint a successor. If no such successor shall have been so appointed by the Required Lenders or the Trustee or Majority Noteholders, as applicable, and shall have accepted such appointment within 30
days after the retiring Common Collateral Agent gives notice of its resignation, then the retiring Common Collateral Agent may on behalf of the Senior Lenders and the Second Priority Secured Parties (and with the consent of the Borrower, unless
Specified Credit Agreement Default or Specified Indenture Default (as applicable) has occurred and is continuing), appoint 

  
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a successor Common Collateral Agent, which shall be an Approved Bank with an office in the United States, or any Affiliate of any such Approved Bank. If the Discharge of Senior Lender Claims has
not occurred and no such successor shall have been so appointed by the Required Lenders or by the retiring Common Collateral Agent and shall have accepted such appointment prior to the effectiveness of the resignation of the Common Collateral Agent,
then the Trustee or the Majority Noteholders may on behalf of the Senior Lenders and the Second Priority Secured Parties (and with the consent of the Borrower, unless a Specified Indenture Default has occurred and is continuing), appoint a successor
Common Collateral Agent, which shall be an Approved Bank with an office in the United States, or any Affiliate of any such Approved Bank. Upon the acceptance of a successor’s appointment as Common Collateral Agent hereunder, such successor
shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring (or retired) Common Collateral Agent, and the retiring Common Collateral Agent shall be discharged from all of its duties and obligations
hereunder or under the German Security Documents (if not already discharged therefrom as provided above in this Section). The fees payable by the Borrower to a successor Common Collateral Agent shall be the same as those payable to its predecessor
unless otherwise agreed between the Borrower and such successor. After the retiring Common Collateral Agent’s resignation hereunder and under the German Security Documents, the provisions of this Section shall continue in effect for the benefit
of such retiring Common Collateral Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while the retiring Common Collateral Agent was acting as Common Collateral Agent. The
parties agree to promptly execute such modifications to the German Security Documents as shall be necessary to give effect to this Section 9.6. 
 9.7. Common Collateral Agent May File Proofs of Claim. In case of the pendency of any proceeding under any Debtor Relief Law or any other judicial proceeding relative to any German Grantor, the
Common Collateral Agent shall be entitled and empowered, by intervention in such proceeding or otherwise: 
 (a) to file and
prove a claim for the whole amount of the principal, interest and all other obligations that are owing and unpaid under the Common Secured Documents and to file such other documents as may be necessary or advisable in order to have the claims of the
Senior Lenders, the Second Priority Secured Parties and the Common Collateral Agent under the Common Secured Documents and the claims of the Common Collateral Agent under Section 9.11 of this Agreement (including any claim for the reasonable
compensation, expenses, disbursements and advances of the Senior Lenders, the Second Priority Secured Parties and the Common Collateral Agent and their respective agents) allowed in such judicial proceeding; and 

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

and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is
hereby authorized by each Senior Lender and the Second Priority Secured Parties to make such payments to the Common Collateral Agent and, if the Common Collateral Agent shall consent to the making of such payments directly to the Senior Lenders and
the Second Priority Secured Parties, to pay to the Common Collateral Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Common Collateral Agent and its agents and counsel. 

  
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 Nothing contained herein shall be deemed to authorize the Common Collateral Agent to
authorize or consent to or accept or adopt on behalf of any Senior Lender or the Second Priority Secured Parties any plan of reorganization, arrangement, adjustment or composition affecting the obligations under the Common Secured Documents or the
rights of any Senior Lender or the Second Priority Secured Parties to authorize the Common Collateral Agent to vote in respect of the claim of any Senior Lender or the Second Priority Secured Parties or in any such proceeding. 

9.8. No Waiver; Cumulative Remedies; Enforcement. No failure by the Common Collateral Agent to exercise, and no delay by any such
Person in exercising, any right, remedy, power or privilege hereunder or under any German Security Document shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any
other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided, and provided under each Common Secured Document, are cumulative and not exclusive of any
rights, remedies, powers and privileges provided by law. 
 Notwithstanding anything to the contrary contained herein or in any
other Germany Security Document, the authority to enforce rights and remedies under the German Security Documents against the German Grantors or any of them shall be vested exclusively in, and all actions and proceedings at law in connection with
such enforcement shall be instituted and maintained exclusively by, the Common Collateral Agent in accordance with this clause for its own benefit; provided, however, that the foregoing shall not prohibit the Common Collateral Agent from
exercising on its own behalf the rights and remedies that inure to its benefit (solely in its capacity as Common Collateral Agent) hereunder and under the German Security Documents and provided, further, that if at any time there is no Person acting
as Common Collateral Agent hereunder and under the German Security Documents, then (i) the Required Lenders (until the Discharge of the Senior Lenders claims and the Trustee thereafter) shall have the rights otherwise ascribed to the Common
Collateral Agent pursuant to this clause. 
 [Remainder of page intentionally left blank] 

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

			
	CITIBANK, N.A.,
	as Credit Agreement Agent
		
	By:	 	 /s/ Kirkwood Roland

		 	Name: Kirkwood Roland
		 	Title: Director & Vice President

 

			
	Address:	 	
		
	Attention:	 	
	Telecopier:	 	

  

			
	 CITIBANK, N.A.,
 not in its individual capacity, but solely
 as Common Collateral Agent

		
	By:	 	 /s/ Kirkwood Roland

		 	Name: Kirkwood Roland
		 	Title: Director & Vice President

 

			
	Address:	 	
		
	Attention:	 	
	Telecopier:	 	

 
			
	WILMINGTON TRUST, NATIONAL ASSOCIATION,
	 not in its individual capacity, but solely
 as Trustee and Second Priority Collateral Agent

		
	By:	 	 /s/ Joseph P O’Donnell

		 	Name: Joseph P. O’Donnell
		 	Title: Vice President

 

			
	Address:	 	246 Goose Lane, Suite 105
		
		 	Guilford, CT 06437
		
	Attention:	 	Joseph P. O’Donnell
	Telecopier:	 	203-453-1183

 For the avoidance of doubt and notwithstanding any other provision herein, this Agreement imposes no
obligation or duty, expressed or implied, on the First Lien Sub-Agent and Second Lien Sub-Agent. 
  

			
	Acknowledged, without obligation or duty, by:
	
	 CITIBANK INTERNATIONAL PLC,
 not in its individual capacity, but solely
 as First Lien Sub-Agent and Second Lien
Sub-Agent

		
	By:	 	 /s/ Viola Japaul

		 	Name: Viola Japaul
		 	Title: Delegated Signatory

 Address: 

Attention: 
 Telecopier: 

 Acknowledgement of Intercreditor Agreement 

The Issuer and each other Grantor have read the foregoing Agreement and consent thereto. The Issuer and each other Grantor agree not to
take any action that would be contrary to the provisions of the foregoing Agreement and agree that, except as otherwise provided therein, including with respect to those provisions of which the Issuer and each Grantor are intended third party
beneficiaries, no Second Priority Agent, First Lien Agent, Senior Lender or Second Priority Secured Party shall have any liability to the Issuer or any Grantor for acting in accordance with the provisions of the foregoing Agreement. The Issuer and
each Grantor understand that they are not intended beneficiaries or third party beneficiaries of the foregoing Agreement except that it is an intended beneficiary and third party beneficiary thereof with the right and power to enforce with respect
to Sections 5.1, 5.2, 5.3(b), 8.3, 8.16, 8.19 and 8.22 and Article VII thereof and as otherwise provided therein. The Issuer and each Grantor agree to be bound by Section 8.22 of the foregoing Agreement to the extent applicable to each of them.

 Notwithstanding anything to the contrary in the foregoing Agreement or provided herein, each of the undersigned and each
party to the foregoing Agreement agree, on behalf of itself and in its capacity as agent under the foregoing Agreement, that (i) the Issuer and the other Grantors shall not have any right to consent to or approve any amendment, modification or
waiver of any provision of the foregoing Agreement except to the extent any such amendment, modification or waiver increases the obligations or reduces the rights of the Issuer or any other Grantor (in which case the Issuer shall have the right to
consent to or approve any such amendment, modification or waiver) and (ii) upon the Issuer’s request in connection with a designation of additional obligations as Other First Priority Lien Obligations or Future Second Lien Indebtedness,
any First Lien Agent and/or any Second Priority Agent shall enter into such supplemental agreements (which may each take the form of an amendment, an amendment and restatement or a supplement of the foregoing Agreement) to facilitate the designation
of such additional obligations as contemplated by Section 8.22 of the foregoing Agreement as the Issuer may request. 

Without limitation of the foregoing, the undersigned agree, at the Issuer’s expense, to take such further action and to execute and
deliver such additional documents and instruments (in recordable form, if requested) as any of the Issuer, the Credit Agreement Agent, the Trustee or any other First Lien Agent or Second Priority Agent may reasonably request to effectuate the terms
of the foregoing Agreement. 
 For the purposes hereof, the address of the Issuer and each other Grantor shall be as set forth
in the schedules to the Credit Agreement. 
 [Remainder of page intentionally left blank] 

 
			
	TAMINCO GLOBAL CHEMICAL CORPORATION
		
	By:	 	/s/ Laurent Lenoir
		 	  

		 	Name: Laurent Lenoir
		 	Title: Chief Executive Officer
	
	TAMINCO INTERMEDIATE CORPORATION
		
	By:	 	/s/ Laurent Lenoir
		 	  

		 	Name: Laurent Lenoir
		 	Title: Chief Executive Officer
	
	TAMINCO GROUP HOLDINGS S.À R.L.
		
	By:	 	/s/ Kurt Decat
		 	  

		 	Name: Kurt Decat
		 	Title: Manager
	
	TAMINCO INC.
		
	By:	 	/s/ Geoff Ingham
		 	  

		 	Name: Geoff Ingham
		 	Title: President
	
	TAMINCO GROUP NV
		
	By:	 	/s/ Kurt Decat
		 	  

		 	Name: Kurt Decat
		 	Title: Director

 
			
	
	TAMINCO NV
		
	By:	 	/s/ Kurt Decat
		 	  

		 	Name: Kurt Decat
		 	Title: Director
	
	TAMINCO NORTH BVBA
		
	By:	 	/s/ Pol Vanderhaeghen
		 	  

		 	Name: Pol Vanderhaeghen
		 	Title: Director
	
	TAMINCO GERMANY GMBH
		
	By:	 	/s/ Roel Frère
		 	  

		 	Name: Roel Frère
		 	Title: Geschäftsführer

			
	Acknowledged and Agreed:
	
	 CITIBANK, N.A.,
 as Credit Agreement Agent and Common Collateral Agent

		
	By:	 	/s/ Kirkwood Roland
		 	  

		 	Name: Kirkwood Roland
		 	Title: Director & Vice President
	
	 WILMINGTON TRUST, NATIONAL ASSOCIATION,

not in its individual capacity, but solely

as Trustee and Second Priority Collateral Agent

		
	By:	 	/s/ Joseph P. O’Donnell
		 	  

		 	Name: Joseph P. O’Donnell
		 	Title: Vice President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00210-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00210-of-00352.parquet"}]]