Document:

AMENDED & RESTATED PLEDGE & SECURITY AGREEMENT

 Exhibit 10.2 
 AMENDED AND RESTATED PLEDGE AND SECURITY AGREEMENT 
 dated as of July 17, 2008 
 between 
 EACH OF THE GRANTORS PARTY
HERETO 
 and 
 GOLDMAN SACHS CREDIT PARTNERS L.P., 
 as Collateral Agent 

 TABLE OF CONTENTS 
  

					
	 	  	 	  	PAGE
	SECTION 1.     DEFINITIONS; GRANT OF SECURITY	  	1
	    1.1	  	General Definitions	  	1
	    1.2	  	Definitions; Interpretation	  	7
		
	SECTION 2.     GRANT OF SECURITY	  	8
	    2.1	  	Grant of Security	  	8
	    2.2	  	Certain Limited Exclusions	  	8
		
	SECTION 3.     SECURITY FOR OBLIGATIONS; GRANTORS REMAIN LIABLE	  	9
	    3.1	  	Security for Obligations	  	9
	    3.2	  	Continuing Liability Under Collateral	  	10
		
	SECTION 4.     CERTAIN PERFECTION REQUIREMENTS	  	10
	    4.1	  	Delivery Requirements	  	10
	    4.2	  	Control Requirements	  	10
	    4.3	  	Intellectual Property Recording Requirements	  	11
	    4.4	  	Other Actions	  	13
	    4.5	  	Timing and Notice	  	13
		
	SECTION 5.     REPRESENTATIONS AND WARRANTIES	  	14
	    5.1	  	Grantor Information & Status	  	14
	    5.2	  	Collateral Identification, Special Collateral	  	14
	    5.3	  	Ownership of Collateral and Absence of Other Liens	  	15
	    5.4	  	Status of Security Interest	  	16
	    5.5	  	Goods & Receivables	  	16
	    5.6	  	Pledged Equity Interests, Investment Related Property	  	17
	    5.7	  	Intellectual Property	  	17
	    5.8	  	Miscellaneous	  	19
		
	SECTION 6.     COVENANTS AND AGREEMENTS	  	19
	    6.1	  	Grantor Information & Status	  	19
	    6.2	  	Collateral Identification; Special Collateral	  	19
	    6.3	  	Ownership of Collateral and Absence of Other Liens	  	20
	    6.4	  	Status of Security Interest	  	20
	    6.5	  	Goods & Receivables	  	20
	    6.6	  	Pledged Equity Interests, Investment Related Property	  	22
	    6.7	  	Intellectual Property	  	24
	    6.8	  	Miscellaneous	  	26
		
	SECTION 7.     ACCESS; RIGHT OF INSPECTION AND FURTHER ASSURANCES; ADDITIONAL GRANTORS	  	26
	    7.1	  	Access; Right of Inspection	  	26
	    7.2	  	Further Assurances	  	26
	    7.3	  	Additional Grantors	  	27
		
	SECTION 8.     COLLATERAL AGENT APPOINTED ATTORNEY-IN-FACT	  	28
	    8.1	  	Power of Attorney	  	28

  

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	    8.2	  	No Duty on the Part of Collateral Agent or Secured Parties	  	29
		
	SECTION 9.     REMEDIES	  	29
	    9.1	  	Generally	  	29
	    9.2	  	Application of Proceeds	  	30
	    9.3	  	Sales on Credit	  	31
	    9.4	  	Investment Related Property	  	31
	    9.5	  	Grant of Intellectual Property License	  	31
	    9.6	  	Intellectual Property	  	32
	    9.7	  	Cash Proceeds; Deposit Accounts	  	33
		
	SECTION 10.     COLLATERAL AGENT	  	34
		
	SECTION 11.     CONTINUING SECURITY INTEREST; TRANSFER OF LOANS	  	34
		
	SECTION 12.     STANDARD OF CARE; COLLATERAL AGENT MAY PERFORM	  	35
		
	SECTION 13.     MISCELLANEOUS	  	35
		
	SECTION 14.     AMENDMENT AND RESTATEMENT	  	36
		
	SECTION 15.     REAFFIRMATION AND GRANT OF SECURITY INTERESTS	  	36
		
	SCHEDULE 5.1 — GENERAL INFORMATION	  	
		
	SCHEDULE 5.2 — COLLATERAL IDENTIFICATION	  	
		
	SCHEDULE 5.4 — FINANCING STATEMENTS	  	
		
	SCHEDULE 5.5 — LOCATION OF EQUIPMENT AND INVENTORY	  	
		
	SCHEDULE 5.6 — PLEDGED EQUITY INTERESTS	  	
		
	SCHEDULE 5.7 — INTELLECTUAL PROPERTY	  	
		
	EXHIBIT A — PLEDGE SUPPLEMENT	  	
		
	EXHIBIT B — UNCERTIFICATED SECURITIES CONTROL AGREEMENT	  	
		
	EXHIBIT C — SECURITIES ACCOUNT CONTROL AGREEMENT	  	
		
	EXHIBIT D — DEPOSIT ACCOUNT CONTROL AGREEMENT	  	
		
	EXHIBIT E — TRADEMARK SECURITY AGREEMENT	  	
		
	EXHIBIT F — COPYRIGHT SECURITY AGREEMENT	  	
		
	EXHIBIT G — PATENT SECURITY AGREEMENT	  	

  

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 This AMENDED AND RESTATED PLEDGE AND SECURITY AGREEMENT dated as of July 17, 2008 between Hologic,
Inc. (the “Borrower”) and certain domestic subsidiaries of the Borrower party hereto from time to time, whether as an original signatory hereto or as an Additional Grantor (as herein defined) (other than the Collateral Agent, each,
a “Grantor”), and Goldman Sachs Credit Partners L.P. (“GSCP”), as collateral agent for the Secured Parties (as herein defined) (in such capacity as collateral agent, together with its successors and permitted
assigns, the “Collateral Agent”). 
 RECITALS: 
 WHEREAS, the Borrower and certain of the other Grantors entered into a Pledge and Security Agreement dated as of October 22, 2007 (as
amended, restated, amended and restated, supplemented or otherwise modified prior to the date hereof, the “Existing Security Agreement”) with the Collateral Agent; 
 WHEREAS, subject to the terms and conditions of that certain Amended and Restated Credit and Guaranty Agreement dated as of the date hereof (as it
may be refinanced, amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) by and among the Borrower, the other Grantors party thereto, as Guarantors, the Collateral
Agent, the other Agents party thereto and the Lenders party thereto from time to time; 
 WHEREAS, subject to the terms and conditions
of the Credit Agreement, certain Grantors may enter into one or more Hedge Agreements with one or more Lender Counterparties; 
 WHEREAS, in consideration of the extensions of credit and other accommodations of the Lenders and the Lender Counterparties as set forth in the Credit Agreement and the Hedge Agreements, respectively, each Grantor has agreed to
secure such Grantor’s obligations under the Credit Documents and the Hedge Agreements as set forth herein; and 
 WHEREAS,
pursuant to Section 3.2(j)(i) of the Credit Agreement, the Grantors are required to execute and deliver certain agreements and documents in order to perfect or continue the perfection of the Collateral Agent’s security interest in the
Collateral on the terms set forth herein and accordingly are hereby amending and restating the Existing Security Agreement in its entirety as set forth herein in order to assure such perfection and/or continued perfection, as the case may be;

 NOW, THEREFORE, in consideration of the premises and the agreements, provisions and covenants herein contained, each Grantor and
the Collateral Agent agree as follows: 
 SECTION 1. DEFINITIONS; GRANT OF SECURITY. 
 1.1 General Definitions. In this Agreement, the following terms shall have the following meanings: 
 “Additional Grantors” shall have the meaning assigned in Section 7.3. 
 “Agreement” shall mean this Amended and Restated Pledge and Security Agreement dated as of July 17, 2008, as it may be
amended, restated, amended and restated, supplemented or otherwise modified from time to time, in accordance with the terms of the Credit Agreement. 

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

“Cash Proceeds” shall have the meaning assigned in Section 9.7. 
 “Collateral” shall have the meaning assigned in Section 2.1. 
 “Collateral Account” shall mean any account established by the Collateral Agent. 
 “Collateral Agent” shall have the meaning set forth in the preamble. 
 “Collateral Records” shall mean books, records, ledger cards, files, correspondence, customer lists, supplier lists,
blueprints, technical specifications, manuals, computer software and related documentation, computer printouts, tapes, disks and other electronic storage media and related data processing software and similar items that at any time evidence or
contain information relating to any of the Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon. 
 “Collateral Support” shall mean all property (real or personal) assigned, hypothecated or otherwise securing any Collateral and shall include any security agreement or other agreement granting a lien
or security interest in such real or personal property. 
 “Control” shall mean: (1) with respect to any
Deposit Accounts, control within the meaning of Section 9-104 of the UCC, (2) with respect to any Securities Accounts, Security Entitlements, Commodity Contract or Commodity Account, control within the meaning of Section 9-106 of the
UCC, (3) with respect to any Uncertificated Securities, control within the meaning of Section 8-106(c) of the UCC, (4) with respect to any Certificated Security, control within the meaning of Section 8-106(a) or (b) of the
UCC, (5) with respect to any Electronic Chattel Paper, control within the meaning of Section 9-105 of the UCC, (6) with respect to Letter-of-Credit Rights, control within the meaning of Section 9-107 of the UCC and (7) with
respect to any “transferable record”(as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or in Section 16 of the Uniform Electronic Transactions Act as in effect in any
relevant jurisdiction), control within the meaning of Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or in Section 16 of the Uniform Electronic Transactions Act as in effect in the jurisdiction
relevant to such transferable record. 
 “Copyright Licenses” shall mean any and all agreements, licenses and
covenants (whether or not in writing) providing for the granting of any right in or to any Copyright or otherwise providing for a covenant not to sue (whether such Grantor is licensee or licensor thereunder) including, without limitation, each
agreement required to be listed in Schedule 5.2(II) under the heading “Copyright Licenses” (as such schedule may be amended or supplemented from time to time). 
 “Copyright Security Agreement” means a Copyright Security Agreement substantially in the form of Exhibit F. 

“Copyrights” shall mean all United States, and foreign copyrights (including Community designs), including but not
limited to copyrights in software and all rights in and to databases, and all Mask Works (as defined under 17 U.S.C. 901 of the U.S. Copyright Act), whether registered or unregistered and whether or not the underlying works of authorship have

  

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been published, moral rights, reversionary interests, termination rights, and, with respect to any and all of the foregoing: (i) all registrations and
applications therefor including, without limitation, the registrations and applications required to be listed in Schedule 5.2(II) under the heading “Copyrights” (as such schedule may be amended or supplemented from time to time),
(ii) all extensions and renewals thereof, (iii) the right to sue or otherwise recover for past, present and future infringements thereof, and (iv) all Proceeds of the foregoing, including, without limitation, licenses, fees,
royalties, income, payments, claims, damages and proceeds of suit now or hereafter due and/or payable with respect thereto, and (v) all other rights of any kind accruing thereunder or pertaining thereto throughout the world. 
 “Credit Agreement” shall have the meaning set forth in the recitals. 
 “Excluded Asset” shall mean any asset of any Grantor excluded from the security interest hereunder by virtue of
Section 2.2 hereof but only to the extent, and for so long as, so excluded thereunder. 
 “Excluded Foreign
Equity Interests” shall mean (i) the capital stock of and/or any other equity interests in any Foreign Subsidiary that is not a First-Tier Foreign Subsidiary and (ii) the capital stock of any First-Tier Foreign Subsidiary not
required to be pledged pursuant to the terms of Section 5.10(b) of the Credit Agreement. 
 “Existing Security
Agreement” shall have the meaning set forth in the recitals. 
 “Foreign Intellectual Property”
shall mean any Collateral (whether now owned or existing or hereafter acquired, created, developed or arising) consisting of foreign, international, or multi-national issued/registered Patents, registered Trademarks, registered Copyrights, or any
applications for the foregoing. 
 “Grantors” shall have the meaning set forth in the preamble. 

“GSCP” shall have the meaning set forth in the preamble. 
 “Indemnitee” shall mean the Collateral Agent, and its and its Affiliates’ officers, partners, directors, trustees,
employees, agents. 
 “Insurance” shall mean (i) all insurance policies covering any or all of the
Collateral (regardless of whether the Collateral Agent is the loss payee thereof) and (ii) any key man life insurance policies. 
 “Intellectual Property” shall mean, the collective reference to all rights, priorities and privileges relating to intellectual property, whether arising under the laws of the United States (or of any state or political
subdivision thereof) or of any Foreign Jurisdiction or otherwise, including without limitation, the Copyrights, the Copyright Licenses, the Patents, the Patent Licenses, the Trademarks, the Trademark Licenses, the Trade Secrets, and the Trade Secret
Licenses, and the right to sue or otherwise recover for past, present and future infringement or other impairment thereof, including the right to receive all Proceeds therefrom, including without limitation license fees, royalties, income, payments,
claims, damages and proceeds of suit, now or hereafter due and/or payable with respect thereto. 
 “Intellectual
Property Licenses” shall mean, collectively, the Copyright Licenses, Patent Licenses, Trademark Licenses and Trade Secret Licenses. 
  

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 “Investment Accounts” shall mean the Collateral Account, Securities
Accounts, Commodities Accounts and Deposit Accounts. 
 “Investment Related Property” shall mean:
(i) all “investment property” (as such term is defined in Article 9 of the UCC) and (ii) all of the following (regardless of whether classified as investment property under the UCC): all Pledged Equity Interests, Pledged Debt,
the Investment Accounts and certificates of deposit. 
 “Majority Holder” shall have the meaning set forth in
Section 10. 
 “Material Intellectual Property” shall mean any item of Intellectual Property included in
the Collateral which is material to the business of the Grantors, taken as a whole, or is otherwise of material value to the Grantors, taken as a whole. 
 “Non-Assignable Contract” shall mean any agreement, contract or license to which any Grantor is a party that by its terms purports to restrict or prevent the assignment or granting of a security
interest therein (either by its terms or by any federal or state statutory prohibition or otherwise irrespective of whether such prohibition or restriction is enforceable under Section 9-406 through 409 of the UCC). 
 “Patent Licenses” shall mean all agreements, licenses and covenants (whether or not in writing) providing for the
granting of any right in or to any Patent or otherwise providing for a covenant not to sue (whether such Grantor is licensee or licensor thereunder), including, without limitation, each agreement required to be listed in Schedule 5.2(II) under the
heading “Patent Licenses” (as such schedule may be amended or supplemented from time to time). 
 “Patent
Security Agreement” means a Patent Security Agreement substantially in the form of Exhibit G. 
 “Patents” shall mean all United States and foreign patents and certificates of invention, inventions or similar industrial property rights, and applications for any of the foregoing, including, but not limited to:
(i) each patent and patent application required to be listed in Schedule 5.2(II) under the heading “Patents” (as such schedule may be amended or supplemented from time to time), (ii) all reissues, divisions, continuations,
continuations-in-part, extensions, renewals, and reexaminations thereof, (iii) all improvements thereto, (iv) the right to sue or otherwise recover for past, present and future infringements thereof, (v) all Proceeds of the foregoing,
including, without limitation, license fees, royalties, income, payments, claims, damages, and proceeds of suit now or hereafter due and/or payable with respect thereto, and (vi) all other rights of any kind accruing thereunder or pertaining
thereto throughout the world. 
 “Pledged Debt” shall mean all indebtedness for borrowed money owed to such
Grantor, whether or not evidenced by any Instrument, including, without limitation, all indebtedness described on Schedule 5.2(I) under the heading “Pledged Debt” (as such schedule may be amended or supplemented from time to time), issued
by the obligors named therein, the instruments, if any, evidencing such any of the foregoing, and all interest, cash, instruments and other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in
exchange for any or all of the foregoing. 
 “Pledged Equity Interests” shall mean all Pledged Stock, Pledged
LLC Interests, Pledged Partnership Interests and any other participation or interests in any equity or profits of any business entity including, without limitation, any trust. 
  

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 “Pledged LLC Interests” shall mean, other than any Excluded Asset, all
interests in any limited liability company and each series thereof owned by any Grantor, including, without limitation, all limited liability company interests listed on Schedule 5.2(I) under the heading “Pledged LLC Interests” (as such
schedule may be amended or supplemented from time to time) and the certificates, if any, representing such limited liability company interests and any interest of such Grantor on the books and records of such limited liability company or on the
books and records of any securities intermediary pertaining to such interest and all dividends, distributions, cash, warrants, rights, options, instruments, securities and other property or proceeds from time to time received, receivable or
otherwise distributed in respect of or in exchange for any or all of such limited liability company interests that constitutes “Collateral” hereunder. 
 “Pledged Partnership Interests” shall mean, other than any Excluded Asset, all interests in any general partnership,
limited partnership, limited liability partnership or other partnership owned by any Grantor, including, without limitation, all partnership interests listed on Schedule 5.2(I) under the heading “Pledged Partnership Interests” (as such
schedule may be amended or supplemented from time to time) and the certificates, if any, representing such partnership interests and any interest of such Grantor on the books and records of such partnership or on the books and records of any
securities intermediary pertaining to such interest and all dividends, distributions, cash, warrants, rights, options, instruments, securities and other property or proceeds from time to time received, receivable or otherwise distributed in respect
of or in exchange for any or all of such partnership interests that constitutes “Collateral” hereunder. 
 “Pledged Stock” shall mean, other than any Excluded Asset, all shares of capital stock owned by any Grantor, including, without limitation, all shares of capital stock described on Schedule 5.2(I) under the heading
“Pledged Stock” (as such schedule may be amended or supplemented from time to time), and the certificates, if any, representing such shares and any interest of such Grantor in the entries on the books of the issuer of such shares or on the
books of any securities intermediary pertaining to such shares, and all dividends, distributions, cash, warrants, rights, options, instruments, securities and other property or proceeds from time to time received, receivable or otherwise distributed
in respect of or in exchange for any or all of such shares that constitutes “Collateral” hereunder. 
 “Pledge Supplement” shall mean an agreement substantially in the form of Exhibit A hereto. 
 “Receivables” shall mean all rights to payment, whether or not earned by performance, for goods or other property sold, leased, licensed, assigned or otherwise disposed of, or services rendered or to be rendered, including,
without limitation all such rights constituting or evidenced by any Account, Chattel Paper, Instrument, General Intangible or Investment Related Property, together with all of Grantor’s rights, if any, in any goods or other property giving rise
to such right to payment and all Collateral Support and Supporting Obligations related thereto and all Receivables Records. 
 “Receivables Records” shall mean (i) all original copies of all documents, instruments or other writings or electronic records or other Records evidencing the Receivables, (ii) all books, correspondence, credit or
other files, Records, ledger sheets or cards, invoices, and other papers relating to Receivables, including, without limitation, all tapes, cards, computer tapes, computer discs, computer runs, record keeping systems and other papers and documents
relating to the Receivables, whether in the possession or under the control of Grantor or any computer bureau or agent from time to time acting for Grantor or otherwise, (iii) all evidences of 

  

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the filing of financing statements and the registration of other instruments in connection therewith, and amendments, supplements or other modifications
thereto, notices to other creditors, secured parties or agents thereof, and certificates, acknowledgments, or other writings, including, without limitation, lien search reports, from filing or other registration officers, (iv) all credit
information, reports and memoranda relating thereto and (v) all other written or non-written forms of information related in any way to the foregoing or any Receivable. 
 “Secured Obligations” shall have the meaning assigned in Section 3.1. 
 “Secured Parties” shall mean the Agents, Lenders, the Issuing Bank, the Lender Counterparties and the Cash Management
Providers and shall include, without limitation, all former Agents, Lenders and Lender Counterparties to the extent that any Obligations owing to such Persons were incurred while such Persons were Agents, Lenders or Lender Counterparties and such
Obligations have not been paid or satisfied in full. 
 “Securities” shall mean any stock, shares,
partnership interests, voting trust certificates, certificates of interest or participation in any profit-sharing agreement or arrangement, options, warrants, bonds, debentures, notes, or other evidences of indebtedness, secured or unsecured,
convertible, subordinated or otherwise, or in general any instruments commonly known as “securities” or any certificates of interest, shares or participations in temporary or interim certificates for the purchase or acquisition of, or any
right to subscribe to, purchase or acquire, any of the foregoing. 
 “Specified German Patents” shall mean
the patents issued/registered in the Republic of Germany, each of which is identified in Schedule 5.2(II) as a “Specified German Patent.” 
 “Trademark Licenses” shall mean any and all agreements, licenses and covenants (whether or not in writing) providing for the granting of any right in or to any Trademark or otherwise providing for a
covenant not to sue or permitting co-existence (whether such Grantor is licensee or licensor thereunder), including, without limitation, each agreement required to be listed in Schedule 5.2(II) under the heading “Trademark Licenses” (as
such schedule may be amended or supplemented from time to time). 
 “Trademark Security Agreement” means a
Trademark Security Agreement substantially in the form of Exhibit E. 
 “Trademarks” shall mean all United
States, and foreign trademarks, trade names, trade dress, corporate names, company names, business names, fictitious business names, Internet domain names, service marks, certification marks, collective marks, logos, other source or business
identifiers, designs and general intangibles of a like nature, whether or not registered, and with respect to any and all of the foregoing: (i) all registrations and applications therefor including, without limitation, the registrations and
applications required to be listed in Schedule 5.2(II) under the heading “Trademarks” (as such schedule may be amended or supplemented from time to time), (ii) all extensions or renewals of any of the foregoing, (iii) all of the
goodwill of the business connected with the use of and symbolized by the foregoing, (iv) the right to sue for past, present and future infringement or dilution of any of the foregoing or for any injury to the related goodwill, (v) all
Proceeds of the foregoing, including, without limitation, license fees, royalties, income, payments, claims, damages, and proceeds of suit now or hereafter due and/or payable with respect thereto, and (vi) all other rights of any kind accruing
thereunder or pertaining thereto throughout the world. 
  

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 “Trade Secret Licenses” shall mean any and all agreements (whether or
not in writing) providing for the granting of any right in or to Trade Secrets (whether such Grantor is licensee or licensor thereunder) including, without limitation, each agreement required to be listed in Schedule 5.2(II) under the heading
“Trade Secret Licenses” (as such schedule may be amended or supplemented from time to time). 
 “Trade
Secrets” shall mean all trade secrets and all other confidential or proprietary information and know-how whether or not such Trade Secret has been reduced to a writing or other tangible form, including all documents and things embodying,
incorporating, or referring in any way to such Trade Secret, including but not limited to: (i) the right to sue or otherwise recover for past, present and future misappropriation or other violation thereof, (ii) all Proceeds of the
foregoing, including, without limitation, license fees, royalties, income, payments, claims, damages, and proceeds of suit now or hereafter due and/or payable with respect thereto; and (iii) all other rights of any kind accruing thereunder or
pertaining thereto throughout the world. 
 “UCC” shall mean the Uniform Commercial Code as in effect from
time to time in the State of New York; provided, however, that in the event that, by reason of mandatory provisions of law, any or all of the perfection or priority of, or remedies with respect to, any Collateral is governed by the
Uniform Commercial Code as enacted and in effect in a jurisdiction other than the State of New York, the term “UCC” shall mean the Uniform Commercial Code as enacted and in effect in such other jurisdiction solely for purposes of the
provisions hereof relating to such perfection, priority or remedies. 
 “United States” shall mean the United
States of America. 
 1.2 Definitions; Interpretation 
 (a) In this Agreement, the following capitalized terms shall have the meaning given to them in the UCC (and, if defined in more than one
Article of the UCC, shall have the meaning given in Article 9 thereof): Account, Account Debtor, As-Extracted Collateral, Bank, Certificated Security, Chattel Paper, Consignee, Consignment, Consignor, Commercial Tort Claims, Commodity Account,
Commodity Contract, Deposit Account, Document, Entitlement Order, Equipment, Electronic Chattel Paper, Farm Products, Fixtures, General Intangibles, Goods, Health-Care-Insurance Receivable, Instrument, Inventory, Letter-of-Credit Right, Manufactured
Home, Money, Payment Intangible, Proceeds, Record, Securities Account, Securities Intermediary, Security Certificate, Security Entitlement, Supporting Obligations, Tangible Chattel Paper and Uncertificated Security. 
 (b) All other capitalized terms used herein (including the preamble and recitals hereto) and not otherwise defined herein shall have the
meanings ascribed thereto in the Credit Agreement. The incorporation by reference of terms defined in the Credit Agreement shall survive any termination of the Credit Agreement until this agreement is terminated as provided in Section 11
hereof. Any of the terms defined herein may, unless the context otherwise requires, be used in the singular or the plural, depending on the reference. References herein to any Section, Appendix, Schedule or Exhibit shall be to a Section, an
Appendix, a Schedule or an Exhibit, as the case may be, hereof unless otherwise specifically provided. The use herein of the word “include” or “including”, when following any general statement, term or matter, shall not be
construed to limit such statement, term or matter to the specific items or matters set forth immediately following such word or to similar items or matters, whether or not non-limiting language (such as “without limitation” or “but
not limited to” or words of similar import) is used 

  

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with reference thereto, but rather shall be deemed to refer to all other items or matters that fall within the broadest possible scope of such general
statement, term or matter. The terms lease and license shall include sub-lease and sub-license, as applicable. If any conflict or inconsistency exists between this Agreement and the Credit Agreement, the Credit Agreement shall govern. All references
herein to provisions of the UCC shall include all successor provisions under any subsequent version or amendment to any Article of the UCC. 
 SECTION 2.
GRANT OF SECURITY. 
 2.1 Grant of Security. Each Grantor hereby grants to the Collateral Agent a security interest in and
continuing lien on all of such Grantor’s right, title and interest in, to and under all personal property of such Grantor including, but not limited to the following, in each case whether now owned or existing or hereafter acquired, created,
developed or arising and wherever located (all of which being hereinafter collectively referred to as the “Collateral”): 
 (a) Accounts; 
 (b) Chattel Paper; 
 (c) Documents; 
 (d) General Intangibles; 
 (e) Goods (including, without limitation, Inventory and Equipment); 
 (f) Instruments; 
 (g) Insurance; 
 (h) Intellectual Property; 
 (i) Investment Related Property (including, without limitation, Deposit Accounts); 
 (j) Letter-of-Credit Rights; 
 (k) Money; 
 (l) Receivables and Receivable Records; 
 (m) Commercial Tort Claims now or hereafter described on Schedule 5.2; 
 (n) to the extent not otherwise included above, all other personal property of any kind and all Collateral Records, Collateral Support and
Supporting Obligations relating to any of the foregoing; and 
 (o) to the extent not otherwise included above, all Proceeds,
products, accessions, rents and profits of or in respect of any of the foregoing. 
 2.2 Certain Limited Exclusions. Notwithstanding
anything herein to the contrary, in no event shall the Collateral include or the security interest granted under Section 2.1 hereof attach to (a) any lease, license, contract or agreement to which any Grantor is a party, or any of its

  

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rights or interests thereunder, if and to the extent that a security interest is prohibited by or would be in violation of (i) any law, rule or
regulation applicable to such Grantor, or (ii) a term, provision or condition of any such lease, license, contract, property right or agreement (unless such law, rule, regulation, term, provision or condition would be rendered ineffective with
respect to the creation of the security interest hereunder pursuant to Sections 9-406, 9-407, 9-408 or 9-409 of the UCC (or any successor provision or provisions) of any relevant jurisdiction or any other applicable law (including the Bankruptcy
Code) or principles of equity); provided, however, that the Collateral shall include (and such security interest shall attach) immediately at such time as the contractual or legal prohibition shall no longer be applicable and to the
extent severable, shall attach immediately to any portion of such lease, license, contract or agreement not subject to the prohibitions specified in subclause (i) or (ii) of clause (a) of this Section 2.2; provided
further that the exclusions referred to in clause (a) of this Section 2.2 shall not include any Proceeds of any such lease, license, contract or agreement; (b) any of the outstanding capital stock of or other equity interest in
a First-Tier Foreign Subsidiary (to the extent such capital stock or other equity interest is not excluded from the Collateral pursuant to clause (ii) of the definition of Excluded Foreign Equity Interests) in excess of 65% of the voting power
of all classes of capital stock of such First-Tier Foreign Subsidiary entitled to vote; provided that immediately upon the amendment of the Internal Revenue Code to allow the pledge of a greater percentage of the voting power of capital stock
in a First-Tier Foreign Subsidiary without adverse tax consequences, the Collateral shall include, and the security interest granted by each Grantor shall attach to, such greater percentage of capital stock of each First-Tier Foreign Subsidiary;
(c) any Excluded Foreign Equity Interests; provided, however, that, subject to the 65% limit specified in clause (b) of this Section 2.2, the Collateral shall include (and such security interest shall attach) to the
capital stock of First-Tier Foreign Subsidiaries to the extent so required by the terms of Section 5.10(b) of the Credit Agreement; (d) any “intent-to-use” application for trademark or service mark registration filed pursuant to
Section 1(b) of the Lanham Act, 15 U.S.C. §1051, prior to the filing under Section 1(c) or Section 1(d) of the Lanham Act of a “Statement of Use” or an “Amendment to Allege Use” with respect thereto, solely to
the extent, if any, that, and solely during the period, if any, in which, the grant of a security interest therein prior to such filing would impair the validity or enforceability of any registration that issues from such intent-to-use trademark or
service mark application under applicable federal law; (e) any property and/or assets of Grantors (other than, for purposes of the $20,000,000 limit below, (i) Intellectual Property, (ii) Investment proceeds or
(iii) inter-company loan proceeds) located outside of the United States, provided that the aggregate value of such property and assets does not exceed $20,000,000; or (f) any Third Wave Shares prior to satisfaction of the Third Wave
Condition; provided, however, that the Collateral shall include and such security interest shall immediately and automatically attach to all Third Wave Shares immediately upon the satisfaction of the Third Wave Condition without any
further action by any Person. 
 SECTION 3. SECURITY FOR OBLIGATIONS; GRANTORS REMAIN LIABLE. 
 3.1 Security for Obligations. This Agreement secures, and the Collateral is collateral security for, the prompt and complete payment or performance
in full when due, whether at stated maturity, by required prepayment, declaration, acceleration, demand or otherwise (including the payment of amounts that would become due but for the operation of the automatic stay under Section 362(a) of the
Bankruptcy Code, 11 U.S.C. §362(a) (and any successor provision thereof)), of all Obligations with respect to every Grantor (the “Secured Obligations”). 
  

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 3.2 Continuing Liability Under Collateral. Notwithstanding anything herein to the contrary,
(i) each Grantor shall remain liable for all obligations under the Collateral and nothing contained herein is intended or shall be a delegation of duties to the Collateral Agent or any Secured Party, (ii) each Grantor shall remain liable
under each of the agreements included in the Collateral, including, without limitation, any agreements relating to Pledged Partnership Interests or Pledged LLC Interests, to perform all of the obligations undertaken by it thereunder all in
accordance with and pursuant to the terms and provisions thereof and neither the Collateral Agent nor any Secured Party shall have any obligation or liability under any of such agreements by reason of or arising out of this Agreement or any other
document related thereto nor shall the Collateral Agent nor any Secured Party have any obligation to make any inquiry as to the nature or sufficiency of any payment received by it or have any obligation to take any action to collect or enforce any
rights under any agreement included in the Collateral, including, without limitation, any agreements relating to Pledged Partnership Interests or Pledged LLC Interests, and (iii) the exercise by the Collateral Agent of any of its rights
hereunder shall not release any Grantor from any of its duties or obligations under the contracts and agreements included in the Collateral. 
 SECTION 4.
CERTAIN PERFECTION REQUIREMENTS 
 4.1 Delivery Requirements. 
 (a) With respect to any Certificated Securities included in the Collateral, each Grantor shall deliver to the Collateral Agent the
Security Certificates evidencing such Certificated Securities duly indorsed by an effective indorsement (within the meaning of Section 8-107 of the UCC), or accompanied by share transfer powers or other instruments of transfer duly endorsed by
such an effective endorsement, in each case, to the Collateral Agent or in blank. In addition, each Grantor shall cause any certificates evidencing any Pledged Equity Interests included in the Collateral, including, without limitation, any Pledged
Partnership Interests included in the Collateral or Pledged LLC Interests included in the Collateral, to be similarly delivered to the Collateral Agent regardless of whether such Pledged Equity Interests constitute Certificated Securities.
Notwithstanding the foregoing, the delivery requirements set forth in this Section 4.1(a) shall not apply to any certificates evidencing shares valued at less than $50,000 individually or $250,000 in the aggregate; provided that such
exception shall not apply to any certificates evidencing the equity interests in the Borrower’s Subsidiaries. 
 (b) With
respect to any Instruments or Tangible Chattel Paper included in the Collateral, each Grantor shall deliver to the Collateral Agent all such Instruments or Tangible Chattel Paper to the Collateral Agent duly indorsed in blank; provided,
however, that such delivery requirement shall not apply to any Instruments or Tangible Chattel Paper having a face amount of less than $1,000,000 individually or $5,000,000 in the aggregate. 
 4.2 Control Requirements. 
 (a) With respect to any Deposit Accounts, Securities Accounts, Security Entitlements, Commodity Accounts and Commodity Contracts included in the Collateral, each Grantor shall ensure that the Collateral Agent has Control thereof;
provided, however, that such Control requirement shall not apply to any (i) Deposit Accounts with a value of less than, or having funds or other assets credited thereto with a value of less than, $250,000 individually or
$1,000,000 in the aggregate, Deposit Accounts specifically and exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of a Grantor’s employees, and Deposit Accounts specifically and
exclusively used for cash collateral to secure letters of credit permitted under the Credit Agreement and (ii) Securities Accounts, Security Entitlements, Commodity Accounts and Commodity Contracts with a value of less than, or having funds or
other assets credited thereto with a value of less than, $250,000 individually or 

  

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$1,000,000 in the aggregate. With respect to any Securities Accounts or Securities Entitlements, such Control shall be accomplished by the Grantor causing
the Securities Intermediary maintaining such Securities Account or Security Entitlement to enter into an agreement substantially in the form of Exhibit C hereto (or such other agreement in form and substance reasonably satisfactory to the Collateral
Agent) pursuant to which the Securities Intermediary shall agree to comply with the Collateral Agent’s Entitlement Orders without further consent by such Grantor. With respect to any Deposit Account, each Grantor shall cause the depositary
institution maintaining such account to enter into an agreement substantially in the form of Exhibit D hereto (or such other agreement in form and substance reasonably satisfactory to the Collateral Agent), pursuant to which the Bank shall agree to
comply with the Collateral Agent’s instructions with respect to disposition of funds in the Deposit Account without further consent by such Grantor. With respect to any Commodity Accounts or Commodity Contracts each Grantor shall cause Control
in favor of the Collateral Agent in a manner reasonably acceptable to the Collateral Agent. 
 (b) With respect to any
Uncertificated Security included in the Collateral (other than any Uncertificated Securities constituting Collateral credited to a Securities Account), each Grantor shall cause the issuer of such Uncertificated Security to either (i) register
the Collateral Agent as the registered owner thereof on the books and records of the issuer or (ii) execute an agreement substantially in the form of Exhibit B hereto (or such other agreement in form and substance reasonably satisfactory to the
Collateral Agent), pursuant to which such issuer agrees to comply with the Collateral Agent’s instructions with respect to such Uncertificated Security without further consent by such Grantor. 
 (c) With respect to any Letter-of-Credit Rights included in the Collateral (other than any Letter-of-Credit Rights constituting a
Supporting Obligation for a Receivable in which the Collateral Agent has a valid and perfected security interest) with a value in excess of $250,000 individually or $1,000,000 in the aggregate, the Grantor shall ensure that Collateral Agent has
Control thereof by obtaining the written consent of each issuer of each related letter of credit to the assignment of the proceeds of such letter of credit to the Collateral Agent. 
 (d) With respect any Electronic Chattel Paper or “transferable record”(as that term is defined in Section 201 of the
Federal Electronic Signatures in Global and National Commerce Act or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction) included in the Collateral, the Grantor shall ensure that the Collateral
Agent has Control thereof; provided, however, that such Control requirement shall not apply to any Electronic Chattel Paper or transferable record having a face amount of less than $1,000,000 individually or $5,000,000 in the
aggregate. 
 4.3 Intellectual Property Recording Requirements. 
 (a) In the case of any Collateral (whether now owned or existing or hereafter acquired, created, developed or
arising) consisting of issued U.S. Patents or pending U.S. Patent applications, the Grantor shall execute and deliver to the Collateral Agent a Patent Security Agreement in substantially the form of Exhibit G hereto (or a supplement thereto)
covering all such Patents in appropriate form for recordation with the United States Patent and Trademark Office with respect to the security interest of the Collateral Agent. 
 (b) In the case of any Collateral (whether now owned or existing or hereafter acquired, created, developed or arising) consisting of
registered U.S. Trademarks or pending U.S. Trademark applications, the Grantor shall execute and deliver to the Collateral Agent a 

  

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Trademark Security Agreement in substantially the form of Exhibit E hereto (or a supplement thereto) covering all such Trademarks, in appropriate form for
recordation with the United States Patent and Trademark Office with respect to the security interest of the Collateral Agent. 
 (c) In the case of any Collateral (whether now owned or existing or hereafter acquired, created, developed or arising) consisting of registered U.S. Copyrights or pending U.S. Copyright applications, or consisting of exclusive Copyright
Licenses that constitute Material Intellectual Property in respect of registered U.S. Copyrights for which any Grantor is the licensee, the Grantor shall execute and deliver to the Collateral Agent a Copyright Security Agreement in substantially the
form of Exhibit F hereto (or a supplement thereto) covering all such Copyright and exclusive Copyright Licenses, in appropriate form for recordation with the United States Copyright Office with respect to the security interest of the Collateral
Agent. 
 (d) Subject to the timing requirements set forth in the last sentence of this Section 4.3(d) and the proviso to
Section 5.10(a) of the Credit Agreement, in the case of any Foreign Intellectual Property, each Grantor shall (i) execute, deliver to the Collateral Agent, and record security agreements (or supplements thereto), covering all such Foreign
Intellectual Property in appropriate form for recordation with the applicable foreign, international or multi-national registers, to insure the validity, perfection and priority of the security interests of the Collateral Agent, and (ii) take
such additional actions or make such additional filings or recordings as may be necessary or advisable, under the laws of the applicable Foreign Jurisdiction to insure the validity, perfection and priority of the security interest of the Collateral
Agent (all such actions being referred to herein collectively as “Foreign IP Perfection Filings”); provided, however, that the foregoing requirements shall not apply with respect to any single Foreign Jurisdiction in
which effective Foreign IP Perfection Filings have not been made if the consolidated revenues derived from the operations of the Borrower and its Subsidiaries in such jurisdiction are less than 5% of the consolidated revenues derived from all of the
operations of the Borrower and its Subsidiaries for the four Fiscal Quarter period (the “Measurement Period”) ending on the last day of the Fiscal Quarter or Fiscal Year, as the case may be, for which financial statements are
required to be delivered pursuant to Section 5.1(b) or 5.1(c), respectively, of the Credit Agreement (the “Due Date”) or if the making of such filings remains subject to the expiration of any grace period therefor contained in
this Section 4.3(d) and/or Section 4.5 of this Agreement or Section 5.10(a) of the Credit Agreement; provided further that in no event shall the consolidated revenues for such Measurement Period derived from the
operations of the Borrower and its Subsidiaries in all Foreign Jurisdictions in which effective Foreign IP Perfection Filings have not been made exceed 15% of the consolidated revenues of all operations of the Borrower and its Subsidiaries for such
Measurement Period (the “Overall Cap”) (unless the making of such filing remains subject to the expiration of any grace period therefor contained in this Section 4.3(d) and/or Section 4.5 of this Agreement or
Section 5.10(a) of the Credit Agreement). Subject to the timing and notice requirements set forth in Section 4.5 of this Agreement and the proviso to Section 5.10(a) of the Credit Agreement, the Borrower shall make, and shall cause
each other relevant applicable Grantor to make, all such Foreign IP Perfection Filings as may be necessary or advisable under the laws of the respective applicable jurisdictions to insure the validity, perfection and priority of the security
interests of the Collateral Agent in all Foreign Intellectual Property of the Grantors registered or issued in (x) the Republic of Germany and the United Kingdom, within 90 days after the date on which such Foreign Intellectual Property is
acquired, created, developed or arises (such filings in respect of the Specified German Patents to be made on or prior to the date that is 30 days after the Restatement Date), and (y) such other Foreign Jurisdiction(s) as may be necessary to
cause the Overall Cap not to be exceeded, within 90 days after the Due Date for the financial statements in respect of any respective applicable Measurement Period, as the case may be. 
  

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 4.4 Other Actions. 
 (a) If any issuer of any Pledged Equity Interest constituting Collateral is organized under the laws of a Foreign Jurisdiction, the
Grantor in respect thereof shall take such additional actions, including, without limitation, causing the issuer to register the pledge of such Pledged Equity Interests on its books and records or making such filings or recordings, in each case as
may be necessary or reasonably advisable, under the laws of such issuer’s jurisdiction, to insure the validity, perfection and priority of the security interest of the Collateral Agent in such Pledged Equity Interests. 
 (b) With respect to any Pledged Partnership Interests and Pledged LLC Interests included in the Collateral, if the Grantors own less than
100% of the equity interests in any issuer of such Pledged Partnership Interests or Pledged LLC Interests constituting Collateral, the Grantors shall use their commercially reasonable efforts to obtain the consent of each other holder of partnership
interest or limited liability company interests in such issuer to the security interest of the Collateral Agent hereunder and following an Event of Default, the transfer of such Pledged Partnership Interests and Pledged LLC Interests constituting
Collateral to the Collateral Agent of its designee, and to the substitution of the Collateral Agent or its designee as a partner or member with all the rights and powers related thereto. Each Grantor consents to the grant by each other Grantor of a
Lien in all Investment Related Property constituting Collateral to the Collateral Agent and without limiting the generality of the foregoing consents to the transfer of any Pledged Partnership Interest and any Pledged LLC Interest constituting
Collateral to the Collateral Agent or its designee following an Event of Default for the purposes of enabling the Collateral Agent to exercise rights and remedies under Section 9 hereof and to the substitution of the Collateral Agent or its
designee as a partner in any partnership or as a member in any limited liability company with all the rights and powers related thereto. 
 (c) With respect to any Goods in excess of $100,000 individually or $1,000,000 in the aggregate, which is covered by a certificate of title under a statute of any jurisdiction under the law of which indication of a
security interest on such certificate is required as a condition of perfection thereof, upon the reasonable request of the Collateral Agent, (A) provide information with respect to any such Goods (B) execute and file with the registrar of
motor vehicles or other appropriate authority in such jurisdiction an application or other document requesting the notation or other indication of the security interest created hereunder on such certificate of title, and (C) deliver to the
Collateral Agent copies of all such applications or other documents filed during such calendar quarter and copies of all such certificates of title issued during such calendar quarter indicating the security interest created hereunder in the items
of Goods covered thereby. 
 4.5 Timing and Notice. With respect to any Collateral in existence on the Restatement Date, each Grantor
shall comply with the requirements of Section 4 on the Restatement Date (or in the case of Section 4.3(d) hereof, such other dates as set forth therein) and with respect to any Collateral hereafter acquired, created, developed or arising
such Grantor shall comply with the requirements of Section 4 hereof: (a) in the case of any Collateral other than Foreign Intellectual Property, within 45 days after such Collateral is acquired, created, developed or otherwise arises; and
(b) in the case of any Collateral that is Foreign Intellectual Property, within 90 days after such Collateral is acquired, created, developed or otherwise arises (subject to the timing requirements set forth in the proviso to
Section 5.10(a) to the Credit Agreement); provided, in any such case, that the Collateral Agent may grant an extension therefor if the applicable Grantor in respect thereof is using commercially reasonable efforts to comply with such
requirements. Each Grantor shall promptly inform the Collateral Agent of its acquisition, creation or development of any Collateral for which any action is required by Section 4 hereof. 
  

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 SECTION 5. REPRESENTATIONS AND WARRANTIES. 
 Each Grantor hereby represents and warrants, on each Credit Date (other than Credit Dates for any Loans the proceeds of which are used solely to fund the
Third Wave Consideration and Related Expenditures) that the following statements are true and correct; provided, however, that no Grantor shall or shall be deemed to have made any representation or warranty in respect of any Third Wave
Shares prior to satisfaction of the Third Wave Condition: 
 5.1 Grantor Information & Status. 
 (a) Schedule 5.1(A) & (B) (as such schedule may be amended or supplemented from time to time) sets forth under the
appropriate headings: (1) the full legal name of such Grantor, (2) all trade names or other names under which such Grantor currently conducts business, (3) the type of organization of such Grantor, (4) the jurisdiction of
organization of such Grantor, (5) its organizational identification number, if any, and (6) the jurisdiction where the chief executive office or its sole place of business (or the principal residence if such Grantor is a natural person) is
located. 
 (b) Except as provided on Schedule 5.1(C) (as such schedule may be amended or supplemented from time to time), it
has not changed its name, jurisdiction of organization, chief executive office or sole place of business (or principal residence if such Grantor is a natural person) or its corporate structure in any way (e.g., by merger, consolidation, change in
corporate form or otherwise) and has not done business under any other name, in each case, within the past five (5) years. 
 (c) It has not within the last five (5) years become bound (whether as a result of merger or otherwise) as debtor under a security agreement entered into by another Person, which has not heretofore been terminated other than the
agreements identified on Schedule 5.1(D) hereof (as such schedule may be amended or supplemented from time to time). 
 (d)
Such Grantor has been duly organized and is validly existing as an entity of the type as set forth opposite such Grantor’s name on Schedule 5.1(A) solely under the laws of the jurisdiction as set forth opposite such Grantor’s name on
Schedule 5.1(A) and remains duly existing as such. Such Grantor has not filed any certificates of dissolution or liquidation, any certificates of domestication, transfer or continuance in any other jurisdiction. 
 (e) No Grantor is a “transmitting utility” (as defined in Section 9-102(a)(80) of the UCC). 
 5.2 Collateral Identification, Special Collateral. 
 (a) On the Restatement Date and within 30 days following the completion of the most recent Fiscal Quarter prior to a Credit Date, Schedule 5.2 (as such schedule may be amended or supplemented from time to time) sets
forth under the appropriate headings all of such Grantor’s: (1) Pledged Equity Interests constituting Collateral, other than any Pledged Equity Interests valued at less than $50,000 individually or $250,000 in the aggregate,
provided that such exception shall not apply to any Pledged Equity Interests evidencing the equity interests in the Borrower’s Subsidiaries, (2) Pledged Debt other than any Pledged Debt having a face amount of 

  

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less than $250,000 individually or $1,000,000 in the aggregate, (3) Securities Accounts, Security Entitlements, Commodity Accounts and Commodity
Contracts other than any Securities Accounts, Security Entitlements, Commodity Accounts and Commodity Contracts having a value of less than, or having funds or other assets credited thereto with a value of less than, $250,000 individually or
$1,000,000 in the aggregate, (4) Deposit Accounts other than any Deposit Accounts holding less than $250,000 individually or $1,000,000 in the aggregate, (5) United States and foreign registrations of and applications for Patents,
Trademarks, and Copyrights owned by such Grantor constituting Material Intellectual Property, (6) Patent Licenses, Trademark Licenses, Trade Secret Licenses and Copyright Licenses constituting Material Intellectual Property other than
employment related agreements or consulting agreements with individuals to the extent that such agreements can be characterized as Patent Licenses, Trademark Licenses, Trade Secret Licenses and/or Copyright Licenses, (7) Commercial Tort Claims
other than any Commercial Tort Claims having a value of less than $500,000 individually and $2,000,000 in the aggregate, (8) Letter-of-Credit Rights for letters of credit other than any Letters of Credit Rights worth less than $250,000
individually or $1,000,000 in the aggregate, (9) other than with salesman, servicemen, customers or such items in transit, under repair or with assemblers, the name and address of any warehouseman, bailee or other third party in possession of
any Inventory, Equipment and other tangible personal property other than any Inventory, Equipment or other tangible person property having a value less than $1,000,000 individually or $5,000,000 in the aggregate, and (10) Material Contracts.
Within 30 days following the completion of the most recent Fiscal Quarter prior to a Credit Date, such Grantor shall supplement such schedules as necessary to ensure that such schedules are accurate. 
 (b) None of the Collateral in excess of $500,000 individually or $2,000,000 in the aggregate constitutes, or is the Proceeds of,
(1) Farm Products, (2) As-Extracted Collateral, (3) Manufactured Homes, (4) Health-Care-Insurance Receivables; (5) timber to be cut, or (6) aircraft, aircraft engines, satellites, ships or railroad rolling stock. No
material portion of the Collateral consists of motor vehicles or other goods subject to a certificate of title statute of any jurisdiction. 
 (c) All information supplied by any Grantor with respect to any of the Collateral (in each case taken as a whole with respect to any particular Collateral) is accurate and complete in all material respects.

 (d) No Excluded Asset (other than the Third Wave Shares) is material to the business of such Grantor. 
 5.3 Ownership of Collateral and Absence of Other Liens. 
 (a) It owns the Collateral other than Intellectual Property purported to be owned by it or otherwise has the rights it purports to have in
each item of Collateral and, as to all Collateral whether now existing or hereafter acquired (including by way of lease or license), will continue to own or have such rights in each item of the Collateral other than Intellectual Property (except as
otherwise permitted by the Credit Agreement), in each case free and clear of any and all Liens, rights or claims of all other Persons, including, without limitation, liens arising as a result of such Grantor becoming bound (as a result of merger or
otherwise) as debtor under a security agreement entered into by another Person other than any Permitted Liens. 
 (b) Other
than any financing statements filed in favor of the Collateral Agent, no effective financing statement, fixture filing or other instrument similar in effect under any applicable law covering all or any part of the Collateral is on file in any filing
or recording 

  

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office except for (x) financing statements for which duly authorized proper termination statements have been delivered to the Collateral Agent for
filing and (y) financing statements filed in connection with Permitted Liens. Other than the Collateral Agent and any automatic control in favor of a Bank, Securities Intermediary or Commodity Intermediary maintaining a Deposit Account,
Securities Account or Commodity Contract, no Person is in Control of any Collateral. 
 5.4 Status of Security Interest. 

(a) Upon the filing of any financing statement naming such Grantor as “debtor” and the Collateral Agent as “secured
party” and describing the Collateral in the filing offices set forth opposite such Grantor’s name on Schedule 5.4 hereof (as such schedule may be amended or supplemented from time to time), the security interest of the Collateral Agent in
all Collateral that can be perfected by the filing of a financing statement under the Uniform Commercial Code as in effect in any jurisdiction will constitute valid, perfected, First Priority Liens with respect to such Collateral. Each agreement
purporting to give the Collateral Agent Control over any Collateral is effective to establish the Collateral Agent’s Control of the Collateral subject thereto. 
 (b) To the extent perfection or priority of the security interest therein is not subject to Article 9 of the UCC, upon recordation in the
applicable intellectual property registries (including but not limited to the United States Patent and Trademark Office and the United States Copyright Office) of the security interests granted hereunder in all Collateral consisting of (i) U.S.
Patents, Trademarks, Copyrights and exclusive Copyright Licenses and (ii) Foreign Intellectual Property that constitute Material Intellectual Property and are required to be perfected pursuant to Section 4.3(d), the security
interests granted to the Collateral Agent hereunder in such Collateral shall constitute valid, perfected, First Priority Liens. 
 (c) Except as set forth in the Credit Agreement, no authorization, consent, approval or other action by, and no notice to or filing with, any Governmental Authority or regulatory body or any other Person is required for either (i) the
pledge or grant by any Grantor of the Liens purported to be created in favor of the Collateral Agent hereunder or (ii) the exercise by the Collateral Agent of any rights or remedies in respect of any Collateral (whether specifically granted or
created hereunder or created or provided for by applicable law), except (A) for the filings contemplated by clause (a) above and (B) as may be required, in connection with the disposition of any Investment Related Property, by laws
generally affecting the offering and sale of Securities. 
 (d) Such Grantor is in compliance with its obligations under
Section 4 hereof. 
 5.5 Goods & Receivables. 
 (a) Each Receivable (i) is and will be the legal, valid and binding obligation of the Account Debtor in respect thereof, representing
an unsatisfied obligation of such Account Debtor, (ii) is and will be enforceable in accordance with its terms, (iii) is not and will not be subject to any credits, rights of recoupment, setoffs, defenses, taxes, counterclaims (except with
respect to refunds, returns and allowances in the ordinary course of business with respect to damaged merchandise) and (iv) is and will be in compliance with all applicable laws, whether federal, state, local or foreign, unless failure to
comply with clauses (i), (ii), (iii) and/or (iv) of this Section 5.5(a) would not have a Material Adverse Effect. 
  

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 (b) Except as otherwise identified on Schedule 5.5 hereto, (i) the aggregate amount
of all Receivables constituting Collateral owed by or due from the government of the United States, or any agency or instrumentality thereof, collectively, does not exceed $75,000,000; and (ii) the aggregate amount of all Receivables
constituting Collateral owed by or due from the governments of states or municipalities of the United States or from any foreign sovereigns, collectively, does not exceed $25,000,000. Subject to Section 6.8, no Receivable constituting
Collateral in excess of $500,000 individually or $2,000,000 in the aggregate requires the consent of the Account Debtor in respect thereof in connection with the security interest hereunder, except any consent that has been obtained and except as
otherwise contemplated by the first sentence of this Section 5.5(b). 
 (c) Any Goods now or hereafter produced by any
Grantor included in the Collateral have been and will be produced in compliance with the requirements of the Fair Labor Standards Act, as amended, and the rules and regulations promulgated thereunder. 
 (d) Other than any Inventory or Equipment in transit (or, in the case of Grantors’ motor vehicles, being used in the ordinary
course), being repaired or in the possession or control of any warehouseman, bailee, other third party, salesmen or customers, all of the Equipment and Inventory included in the Collateral is located only at the locations specified in Schedule 5.5
(as such schedule may be amended or supplemented from time to time). 
 5.6 Pledged Equity Interests, Investment Related Property. 

 (a) It is the record and beneficial owner of the Pledged Equity Interests free of all Liens (other than Permitted Liens),
rights or claims of other Persons and, other than as set forth on Schedule 4.2 of the Credit Agreement or as otherwise permitted under the Credit Agreement, there are no outstanding warrants, options or other rights to purchase, or shareholder,
voting trust or similar agreements outstanding with respect to, or property that is convertible into, or that requires the issuance or sale of, any Pledged Equity Interests. 
 (b) Except as set forth in Schedule 5.6, no consent of any Person including any other general or limited partner, any other member of a
limited liability company, any other shareholder or any other trust beneficiary is necessary or reasonably desirable in connection with the creation, perfection or First Priority status of the security interest of the Collateral Agent in any Pledged
Equity Interests constituting Collateral or the exercise by the Collateral Agent of the voting or other rights provided for in this Agreement or the exercise of remedies in respect thereof except such as have been obtained. 
 (c) All of the Pledged LLC Interests and Pledged Partnership Interests constituting Collateral are or represent interests that by their
terms provide that they are securities governed by the uniform commercial code of an applicable jurisdiction. 
 5.7 Intellectual
Property. 
 (a) Except as set forth in Schedule 5.2, it is the owner of all Patents, Trademarks, and Copyrights listed on
Schedule 5.2 (as such schedule may be amended or supplemented from time to time) that constitute Material Intellectual Property; and it owns or has the valid right to use and, where Grantor does so, sublicense others to use, all Intellectual
Property necessary to conduct its business, free and clear of all Liens, claims, and licenses, except for Permitted Liens and the licenses set forth on Schedule 5.2 (as each may be amended or supplemented from time to time) and except as would not,
individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 
  

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 (b) Except as set forth in Schedule 5.2, each Patent, Trademark and Copyright listed on
Schedule 5.2 (as such schedule may be amended or supplemented from time to time) that constitute Material Intellectual Property (other than any Intellectual Property, the disposition or license of which is otherwise permitted under the Credit
Agreement) is subsisting and has not been adjudged invalid or unenforceable, in whole or in part, nor, in the case of Patents, is the subject of a reexamination proceeding, and such Grantor has performed in all material respects all acts and has
paid all renewal, maintenance and other fees and taxes required to maintain each and every registration and application of Copyrights, Patents and Trademarks that constitute Material Intellectual Property in full force and effect. 
 (c) No action or proceeding is pending, or to such Grantors’ knowledge, threatened, challenging the validity, enforceability,
registration, ownership or use of any of such Grantor’s Patents, Trademarks, or Copyrights listed on Schedule 5.2 (as such schedule may be amended or supplemented from time to time) that constitute Material Intellectual Property. 
 (d) None of the Trademarks, Patents, Copyrights or Trade Secrets that constitute Material Intellectual Property has been licensed by any
Grantor to any Affiliate or third party, except as disclosed in Schedule 5.2 (as such schedule may be amended or supplemented from time to time), and all exclusive Copyright Licenses that constitute Material Intellectual Property have been properly
recorded in the United States Copyright Office. 
 (e) [Intentionally Omitted]. 
 (f) Such Grantor has been using appropriate statutory notice of registration in connection with its use of registered Trademarks, proper
marking practices in connection with the use of issued Patents and pending Patent applications, and appropriate notice of copyright in connection with the publication of Copyrights, except where failure to use such statutory notice of registration,
proper marking practices and appropriate notice of copyright would not have a Material Adverse Effect. 
 (g) Such Grantor has
taken commercially reasonable steps to protect the confidentiality of its Trade Secrets that constitute Material Intellectual Property in accordance with industry standards; 
 (h) Such Grantor has maintained its standards of quality in the manufacture, distribution, and sale of all products sold and in the
provision of all services rendered under or in connection with all Trademarks of such Grantor and has taken commercially reasonable actions to insure that all licensees of the Trademarks owned by such Grantor meet such standards of quality, except
where failure to maintain or meet such standards would not have a Material Adverse Effect. 
 (i) To the best knowledge of
such Grantor, except as set forth on Schedule 5.7 hereof, such Grantor is not infringing, misappropriating, diluting, or otherwise violating the Intellectual Property rights of any other Person unless such infringement, misappropriation, dilution or
violation would not have a Material Adverse Effect; there is no pending or, to the best knowledge of such Grantor, threatened claim or litigation against such Grantor alleging any such infringement, misappropriation, dilution or other violation,
except as set forth on Schedule 5.7 hereof. 
  

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 (j) To the best knowledge of such Grantor, except as set forth on Schedule 5.7 hereof,
during the past two (2) years (or earlier if presently not resolved), no Person has infringed, misappropriated, diluted or otherwise violated any Intellectual Property rights of such Grantor unless such infringement, misappropriation, dilution
or violation would not have a Material Adverse Effect; and 
 (k) no settlement or consents, covenants not to sue,
co-existence agreements, non-assertion assurances, or releases have been entered into by such Grantor or binds such Grantor in a manner that would materially adversely affect such Grantor’s rights to own, license or use any Material
Intellectual Property, except as disclosed in Schedule 5.7 hereof (as such schedule may be amended or supplemented from time to time). 
 5.8 Miscellaneous. No Material Contract prohibits assignment or requires consent of or notice to any Person in connection with the assignment to the Collateral Agent hereunder, except such as has been given or made or is currently
sought pursuant to Section 6.8 hereof. 
 SECTION 6. COVENANTS AND AGREEMENTS. 
 Each Grantor hereby covenants and agrees that: 
 6.1 Grantor Information & Status. Without limiting any prohibitions or restrictions on mergers or other transactions set forth in the Credit Agreement, and except as it may be permitted to do so under
the Credit Agreement, it shall not change such Grantor’s name, identity, corporate structure (e.g. by merger, consolidation, change in corporate form or otherwise), sole place of business (or principal residence if such Grantor is a natural
person), chief executive office, type of organization or jurisdiction of organization or establish any trade names unless it shall have (a) notified the Collateral Agent in writing promptly with respect to any such change or establishment,
identifying such new proposed name, identity, corporate structure, sole place of business (or principal residence if such Grantor is a natural person), chief executive office, jurisdiction of organization or trade name and providing such other
information in connection therewith as the Collateral Agent may reasonably request and (b) except as provided in the Credit Agreement or herein, taken all actions necessary to maintain the continuous validity, perfection and the same or better
priority of the Collateral Agent’s security interest in that portion of the Collateral granted or intended to be granted and agreed to hereby, which in the case of any merger or other change in corporate structure shall include, without
limitation, executing and delivering to the Collateral Agent a completed Pledge Supplement, substantially in the form of Annex A attached hereto, upon completion of such merger or other change in corporate structure confirming the grant of the
security interest hereunder. 
 6.2 Collateral Identification; Special Collateral. 
 (a) In the event that it hereafter acquires any Collateral of a type described in Section 5.2(b) hereof with a fair market value in
excess of $250,000 individually or $1,000,000 in the aggregate, it shall promptly notify the Collateral Agent thereof in writing and take such actions and execute such documents and make such filings all at such Grantor’s expense as the
Collateral Agent may reasonably request to the extent that such actions, execution of documents and/or filings are otherwise required under Section 4 hereof in order to ensure that the Collateral Agent has a valid, perfected, First Priority
security interest in such Collateral. 
  

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 (b) In the event that it hereafter acquires or has any Commercial Tort Claim that an
Authorized Officer of such Grantor reasonably believes has a value in excess of $500,000 individually or $2,000,000 in the aggregate it shall deliver to the Collateral Agent a completed Pledge Supplement, substantially in the form of Exhibit A
attached hereto, together with all Supplements to Schedules thereto, identifying such new Commercial Tort Claims; provided that the Borrower shall not be required to compromise in any way its attorney-client privilege. 
 6.3 Ownership of Collateral and Absence of Other Liens. 
 (a) Except for the security interest created by this Agreement, it shall not create or suffer to exist any Lien (other than Permitted
Liens) upon or with respect to any of the Collateral, and such Grantor shall defend the Collateral against all Persons (other than the holders of Permitted Liens) at any time claiming any interest therein. 
 (b) Upon any Authorized Officer of such Grantor obtaining knowledge thereof, it shall promptly notify the Collateral Agent in writing of
any event that may have a Material Adverse Effect on the value of the Collateral or any material portion thereof, the ability of such Grantor or the Collateral Agent to dispose of the Collateral or any material portion thereof, or the rights and
remedies of the Collateral Agent in relation thereto, including, without limitation, the levy of any legal process against the Collateral or any material portion thereof. 
 (c) It shall not sell, transfer or assign (by operation of law or otherwise) or exclusively license to another Person any Collateral
except as otherwise permitted by the Credit Agreement. 
 6.4 Status of Security Interest. 
 (a) Subject to the limitations set forth in Section 4 hereof and subsection (b) of this Section 6.4, such Grantor shall
maintain the security interest of the Collateral Agent hereunder in all Collateral as valid, perfected, First Priority Liens. 
 (b) Notwithstanding the foregoing, no Grantor shall be required to take any action to perfect any Collateral that can only be perfected by (i) Control or (ii) filings with registrars of motor vehicles or similar governmental
authorities with respect to goods covered by a certificate of title, in each case except as and to the extent specified in Section 4 hereof. 
 6.5 Goods & Receivables. 
 (a) It shall not deliver any Document evidencing any Equipment and
Inventory to any Person other than the issuer of such Document or its agent to claim the Goods evidenced therefor or the Collateral Agent. 
 (b) If any Equipment or Inventory in excess of $1,000,000 individually or $5,000,000 in the aggregate is in possession or control of any warehouseman, bailee or other third party (other than a Consignee under a
Consignment for which such Grantor is the Consignor or with servicemen, salesmen, customers, such items in transit, such items under repair or with assemblers), such Grantor shall join with the Collateral Agent in notifying the third party of the
Collateral Agent’s security interest and obtaining an acknowledgment from the third party that it is holding the Equipment and Inventory for the benefit of the Collateral Agent and will permit the Collateral Agent to have access to Equipment or
Inventory for purposes of inspecting such Collateral or, following an Event of Default, to remove same from such premises if the Collateral Agent so elects; and with respect to any Goods in excess of $250,000 individually or $1,000,000 in the
aggregate subject to a Consignment for which such Grantor is the Consignor, such Grantor 

  

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shall file appropriate financing statements against the Consignee and take such other action as may be necessary to ensure that such Grantor has a first
priority perfected security interest in such Goods subject to any nonmaterial Liens. 
 (c) It shall keep the Equipment,
Inventory and any Documents evidencing any material Equipment and Inventory in the locations specified on Schedule 5.5 (as such schedule may be amended or supplemented from time to time) or as otherwise provided by Section 5.5 unless it shall
have (a) notified the Collateral Agent in writing, by executing and delivering to the Collateral Agent a completed Pledge Supplement, substantially in the form of Exhibit A attached hereto, together with all Supplements to Schedules thereto,
prior to ten (10) days after any change in locations, identifying such new locations and providing such other information in connection therewith as the Collateral Agent may reasonably request. 
 (d) It shall keep and maintain at its own cost and expense satisfactory and complete records of the Receivables, including, but not
limited to, to the extent it is commercially reasonable to do so, the originals of all documentation with respect to all Receivables and records of all payments received and all credits granted on the Receivables, all merchandise returned and all
other material dealings therewith. 
 (e) (i) If the aggregate amount of all Receivables constituting Collateral owed by or
due from the government of the United States, or any agency or instrumentality thereof, collectively, exceeds $75,000,000, the Grantors in respect thereof shall promptly, and in any event within ninety (90) days after such Receivable(s)
arise(s), (x) execute any instruments and take any other steps reasonably required by the Collateral Agent in order that all monies due or to become due on account of any such Receivables shall be subject to a valid, perfected, First Priority
Lien in favor of the Collateral Agent for the benefit of the Secured Parties (to the extent the Collateral Agent does not already have a valid and perfected First Priority security interest therein) and (y) direct the applicable Governmental
Authority to deposit all monies due or to become due on account of any such Receivables into a deposit and/or security account subject to a control agreement in favor of the Collateral Agent, on terms reasonably satisfactory to the Collateral Agent;
and (ii) if the aggregate amount of all Receivables constituting Collateral owed by or due from the governments of states or municipalities of the United States or from any foreign sovereigns, collectively, exceeds $25,000,000, the Grantors in
respect thereof shall promptly, and in any event within ninety (90) days after such Receivable(s) arise(s), (x) execute any instruments and take any other steps reasonably required by the Collateral Agent in order that all monies due or to
become due on account of any such Receivable shall be subject to a valid, perfected, First Priority Lien in favor of the Collateral Agent for the benefit of the Secured Parties (to the extent that the Collateral Agent does not already have a valid
First Priority security interest therein) and (y) direct the applicable Governmental Authority to deposit all monies due or to become due on account of any such Receivables into a deposit and/or security account subject to a control agreement
in favor of the Collateral Agent, on terms reasonably satisfactory to the Collateral Agent. Anything to the contrary contained in the foregoing notwithstanding, following the occurrence of any Event of Default, all Grantors in respect of Receivables
constituting Collateral owed by or due from the government of the United States, or any agency or instrumentality thereof, or any government of a state or municipality of the United States or any foreign sovereign shall take all steps necessary,
upon the Collateral Agent’s notice to the Borrower directing the Borrower or the applicable Grantor to take all such steps, such that (A) all monies due or to become due on account of any such Receivables shall be subject to a valid,
perfected, First Priority Lien in favor of the Collateral Agent for the benefit of the Secured Parties and (B) each applicable Governmental Authority is directed to deposit all monies due or to become due on account of any such Receivables into
a deposit and/or security account subject to a control agreement in favor of the Collateral Agent, on terms reasonably satisfactory to the Collateral Agent, irrespective of the individual or aggregate value of such Receivable. 
  

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 (f) Other than in the ordinary course of business (i) it shall not amend, modify,
terminate or waive any provision of any Receivable other than such amendments, modifications, terminations or waivers that would not have a Material Adverse Effect; and (ii) following and during the continuation of an Event of Default, such
Grantor shall not, upon receipt of notice from the Collateral Agent directing it not to do so, (w) grant any extension or renewal of the time of payment of any Receivable, (x) compromise or settle any dispute, claim or legal proceeding
with respect to any Receivable for less than the total unpaid balance thereof, (y) release, wholly or partially, any Person liable for the payment thereof, or (z) allow any credit or discount thereon. 
 (g) At any time following the occurrence and during the continuation of an Event of Default, the Collateral Agent shall have the right at
any time to notify, or require such Grantor to notify, any Account Debtor of the Collateral Agent’s security interest in the Receivables and any Supporting Obligation and, in addition, the Collateral Agent may: (1) direct the Account
Debtors under any Receivables to make payment of all amounts due or to become due to such Grantor thereunder directly to the Collateral Agent; (2) notify, or require such Grantor to notify, each Person maintaining a lockbox or similar
arrangement to which Account Debtors under any Receivables have been directed to make payment to remit all amounts representing collections on checks and other payment items from time to time sent to or deposited in such lockbox or other arrangement
directly to the Collateral Agent; and (3) enforce, at the expense of such Grantor, collection of any such Receivables and to adjust, settle or compromise the amount or payment thereof, in the same manner and to the same extent as such Grantor
might have done. If the Collateral Agent notifies such Grantor that it has elected to collect the Receivables in accordance with the preceding sentence, any payments of Receivables received by such Grantor shall be forthwith (and in any event within
two (2) Business Days) deposited by such Grantor in the exact form received, duly indorsed by such Grantor to the Collateral Agent if required, in the Collateral Account maintained under the sole dominion and control of the Collateral Agent,
and until so turned over, all amounts and proceeds (including checks and other instruments) received by such Grantor in respect of the Receivables, any Supporting Obligation or Collateral Support shall be received in trust for the benefit of the
Collateral Agent hereunder and shall be segregated from other funds of such Grantor and such Grantor shall not, except as may be permitted by the Collateral Agent, adjust, settle or compromise the amount or payment of any Receivable, or release
wholly or partly any Account Debtor or obligor thereof, or allow any credit or discount thereon. 
 6.6 Pledged Equity Interests,
Investment Related Property. 
 (a) Except as provided in the next sentence, in the event such Grantor receives any
dividends, interest or distributions on account of any Pledged Equity Interest or other Investment Related Property constituting Collateral, upon the merger, consolidation, liquidation or dissolution of any issuer of such Pledged Equity Interest or
Investment Related Property, then (a) such dividends, interest or distributions and securities or other property shall be included in the definition of Collateral without further action and (b) such Grantor shall promptly take all steps,
if any, necessary or reasonably advisable to ensure the validity, perfection, priority and, if applicable, control of the Collateral Agent over such Investment Related Property (including, without limitation, delivery thereof to the Collateral
Agent) and pending any such action such Grantor shall be deemed to hold such dividends, interest, distributions, securities or other property in trust for the benefit of the Collateral Agent and shall segregate such dividends, 

  

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distributions, Securities or other property from all other property of such Grantor. Notwithstanding the foregoing, so long as no Event of Default shall have
occurred and be continuing, the Collateral Agent authorizes such Grantor to retain all ordinary cash dividends and distributions paid in the normal course of the business of the issuer and consistent with the past practice of the issuer and all
scheduled payments of interest. 
 (b) Voting. 
 (i) So long as no Event of Default shall have occurred and be continuing, except as otherwise provided under the covenants and agreements
relating to Investment Related Property in this Agreement or elsewhere herein or in the Credit Agreement, such Grantor shall be entitled to exercise or refrain from exercising any and all voting and other consensual rights pertaining to the
Investment Related Property included in the Collateral or any part thereof for any purpose not inconsistent with the terms of this Agreement or the Credit Agreement; provided, such Grantor shall not exercise or refrain from exercising any
such right if the Collateral Agent shall have notified such Grantor that, in the Collateral Agent’s reasonable judgment, such action would have a Material Adverse Effect; and provided further, such Grantor shall give the
Collateral Agent at least five (5) Business Days prior written notice of the manner in which it intends to exercise, or the reasons for refraining from exercising, any such right in a manner that could have a Material Adverse Effect; it being
understood, however, that neither the voting by such Grantor of any Pledged Stock for, or such Grantor’s consent to, the election of directors (or similar governing body) at a regularly scheduled annual or other meeting of stockholders or with
respect to incidental matters at any such meeting, nor such Grantor’s consent to or approval of any action otherwise permitted under this Agreement and the Credit Agreement, shall be deemed inconsistent with the terms of this Agreement or the
Credit Agreement within the meaning of this Section 6.6(b)(i)(1) and no notice of any such voting or consent need be given to the Collateral Agent. 
 (ii) Upon the occurrence and during the continuation of an Event of Default: 
  

	 	(1)	upon receipt of written notice from Collateral Agent terminating such Grantor’s voting rights, all rights of such Grantor to exercise or refrain from exercising the voting and
other consensual rights which it would otherwise be entitled to exercise pursuant hereto shall cease and all such rights shall thereupon become vested in the Collateral Agent (to the extent permitted by applicable law) who shall thereupon have the
sole right to exercise such voting and other consensual rights; provided that such rights shall automatically revert back to such Grantor upon the waiver or cure of all Events of Default then existing; and 

  

	 	(2)	in order to permit the Collateral Agent to exercise the voting and other consensual rights which it may be entitled to exercise pursuant hereto and to receive all dividends and
other distributions which it may be entitled to receive hereunder: (1) such Grantor shall promptly execute and deliver (or cause to be executed and delivered) to the Collateral Agent all proxies, dividend payment orders and other instruments as
the Collateral Agent may from time to time reasonably request and (2) such Grantor acknowledges that the Collateral Agent may utilize the power of attorney set forth in Section 8.1. 

  

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 (c) Except as expressly permitted by the Credit Agreement, without the prior written
consent of the Collateral Agent, it shall not vote to enable or take any other action: (i) amend or terminate any partnership agreement, limited liability company agreement, certificate of incorporation, by-laws or other organizational
documents in any way that materially changes, in an adverse manner, the rights of such Grantor with respect to any Investment Related Property constituting Collateral or adversely affects the validity, perfection or priority of the Collateral
Agent’s security interest, (ii) permit any issuer of any Pledged Equity Interest to issue any additional stock, partnership interests, limited liability company interest or other equity interests of any nature or to issue securities
convertible into or granting the right of purchaser or exchange for any such additional stock, partnership interests, limited liability company interest or other equity interests of any nature of such issuer unless such additional stock, partnership
interests, limited liability company interest or any other equity interests (or, in each case, any portion thereof) has been pledged to the Collateral Agent to the extent required by the terms and conditions of Sections 2.1 and 2.2,
(iii) permit any issuer of any Pledged Equity Interest to dispose of all or a material portion of their assets, (iv) waive any material default under or material breach of any terms of organizational document relating to the issuer of any
Pledged Equity Interest or the terms of any Pledged Debt, or (v) cause any issuer of any Pledged Partnership Interests or Pledged LLC Interests that are not securities (for purposes of the UCC) on the Restatement Date to elect or otherwise take
any action to cause such Pledged Partnership Interests or Pledged LLC interest to be treated as securities for purposes of the UCC; provided, however, notwithstanding the foregoing, if any issuer of any Pledged Partnership Interests or
Pledged LLC Interests takes any such action in violation of the foregoing in this clause (v), such Grantor shall promptly notify the Collateral Agent in writing of any such election or action and, in such event, shall take all steps necessary or
advisable to establish the Collateral Agent’s “control” thereof. 
 (d) Except as expressly permitted by the
Credit Agreement, without the prior written consent of the Collateral Agent, it shall not permit any issuer of any Pledged Equity Interest constituting Collateral to merge or consolidate unless (i) such issuer creates a security interest that
is perfected by a filed financing statement (that is not effective solely under section 9-508 of the UCC) in collateral in which such new debtor has or acquires rights, (ii) all the outstanding capital stock or other equity interests of the
surviving or resulting corporation, limited liability company, partnership or other entity is, upon such merger or consolidation, pledged hereunder (subject to Section 2.2 hereof) and no cash, securities or other property is distributed in
respect of the outstanding equity interests of any other constituent Grantor; provided that if the surviving or resulting Grantors upon any such merger or consolidation involving an issuer which is a First-Tier Foreign Subsidiary, then such
Grantor shall only be required to pledge equity interests in accordance with Section 2.2 and (iii) such Grantor promptly complies with the delivery and control requirements of Section 4 hereof. 
 6.7 Intellectual Property. 
 (a) Other than to the extent permitted by the Credit Agreement, it shall not do any act or omit to do any act whereby any of the Material Intellectual Property may lapse, or become abandoned, dedicated to the public, forfeited or
unenforceable, or which would adversely affect in any material respect the validity, grant, or enforceability of the security interest granted therein. 
 (b) It shall not, with respect to any Trademarks included in the Material Intellectual Property, cease the use of any of such Trademarks or fail to maintain the level of the quality of products sold and services
rendered under any of such Trademark at a level at least 

  

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substantially consistent with the quality of such products and services as of the Restatement Date, and such Grantor shall take all steps necessary to insure
that licensees of such Trademarks use such consistent standards of quality, except where failure to use such Trademarks, to maintain such level of quality or take such steps would not have a Material Adverse Effect. 
 (c) [Intentionally Omitted]. 
 (d) It shall promptly notify the Collateral Agent if it knows or has reason to know that any item of Material Intellectual Property may become (a) abandoned or dedicated to the public or placed in the public
domain, (b) invalid or unenforceable, (c) subject to any adverse determination or development regarding such Grantor’s ownership, registration or use or the validity or enforceability of such item of Intellectual Property (including
the institution of , or any such determination or development in, any action or proceeding in the United States Patent and Trademark Office, the United States Copyright Office, any state registry, any foreign counterpart of the foregoing, or any
court) or (d) the subject of any reversion or termination rights. 
 (e) Other than to the extent permitted by the Credit
Agreement, it shall take all commercially reasonable steps, including in any proceeding before the United States Patent and Trademark Office, the United States Copyright Office, any state registry or any foreign counterpart of the foregoing, to
pursue any application and maintain any registration of each Trademark, Patent, and Copyright owned by or exclusively licensed to such Grantor, subject to Section 6.8 hereof, including, but not limited to, those items on Schedule 5.2 (II) (as
each may be amended or supplemented from time to time). 
 (f) Subject to the exceptions contained in Section 4.3(d), it
shall hereafter use commercially reasonable efforts so as not to permit the inclusion in any Material Contract to which it hereafter becomes a party of any provision that would in any way materially impair or prevent the creation of a security
interest in, or the assignment of, such Grantor’s rights and interests in any property included within the definitions of any Intellectual Property acquired under such Material Contracts. 
 (g) in the event that any Material Intellectual Property owned by or exclusively licensed to such Grantor is infringed, misappropriated,
or diluted by a third party, such Grantor shall promptly take commercially reasonable actions in response to such infringement, misappropriation, or dilution to protect its rights in such Material Intellectual Property; 
 (h) It shall take commercially reasonable steps, consistent with industry standards, to protect the secrecy of all Trade Secrets that
constitute Material Intellectual Property, including, without limitation, entering into confidentiality agreements with employees and consultants and labeling and restricting access to secret information and documents. 
 (i) It shall use commercially reasonable efforts to use proper statutory notice, consistent with industry standards, in connection with
its use of any of the Material Intellectual Property. 
 (j) It shall continue to use commercially reasonable efforts to
collect, at its own expense, all amounts due or to become due to such Grantor in respect of its Intellectual Property or any portion thereof. In connection with such collections, such Grantor may take (and, at the Collateral Agent’s reasonable
direction, shall take) such action as such Grantor or, upon the occurrence and continuation of an Event of Default, the Collateral Agent may deem necessary or 

  

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reasonably advisable to enforce collection of such amounts. Notwithstanding the foregoing, the Collateral Agent shall have the right at any time, to notify,
or require such Grantor to notify, any obligors with respect to any such amounts of the existence of the security interest created hereby. 
 6.8 Miscellaneous. Subject to the exceptions contained in Section 4.3(d), such Grantor shall, within thirty (30) days after the Closing Date (or, with respect to Third Wave and its Subsidiaries, within thirty (30) days
after the Restatement Date), with respect to any Material Contract that is a Non-Assignable Contract (other than any Material Contract that constitutes an Account, Chattel Paper or Payment Intangible of such Grantor) in effect on the Closing Date
and within thirty (30) days after entering into any Material Contract (entered into after the Closing Date) that is a Non-Assignable Contract, request in writing the consent of the counterparty or counterparties to such Non-Assignable Contract
pursuant to the terms of such Non-Assignable Contract or applicable law to the assignment or granting of a security interest in such Non-Assignable Contract to the Secured Parties and use commercially reasonable efforts to obtain such consent as
soon as practicable thereafter. 
 SECTION 7. ACCESS; RIGHT OF INSPECTION AND FURTHER ASSURANCES; ADDITIONAL GRANTORS. 
 7.1 Access; Right of Inspection. The Collateral Agent shall at all times have free reasonable access during normal business hours to all the books,
correspondence and records of each Grantor, and the Collateral Agent and its representatives may examine the same, take extracts therefrom and make photocopies thereof, and each Grantor agrees to render to the Collateral Agent, at such
Grantor’s cost and expense, such clerical and other assistance as may be reasonably requested with regard thereto. The Collateral Agent and its representatives shall upon reasonable notice and at such reasonable times during normal business
hours also have the right to enter any premises of each Grantor and inspect any property of each Grantor where any of the Collateral of such Grantor granted pursuant to this Agreement is located for the purpose of inspecting the same, observing its
use or otherwise protecting its interests therein. 
 7.2 Further Assurances. 
 (a) Each Grantor agrees that from time to time, at the expense of such Grantor, that it shall, subject to the other provisions hereof,
promptly execute and deliver all further instruments and documents, and take all further action, that may be necessary or desirable, or that the Collateral Agent may reasonably request, in order to create and/or maintain the validity, perfection or
priority of and protect any security interest granted or purported to be granted hereby or to enable the Collateral Agent to exercise and enforce its rights and remedies hereunder with respect to any Collateral. Without limiting the generality of
the foregoing and subject to Section 4 and Section 6 hereof, in each case, each Grantor shall: 
 (i) file such
financing or continuation statements, or amendments thereto, record security interests in Intellectual Property and execute and deliver such other agreements, instruments, endorsements, powers of attorney or notices, as may be necessary or
desirable, or as the Collateral Agent may reasonably request, in order to effect, reflect, perfect and preserve the security interests granted or purported to be granted hereby; 
 (ii) take all actions necessary to ensure the recordation of appropriate evidence of the liens and security interest granted hereunder in
the Intellectual Property with any intellectual property registry in which said Intellectual 

  

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Property is registered or issued or in which an application for registration or issuance is pending including, without limitation, the United States Patent
and Trademark Office, the United States Copyright Office, the various Secretaries of State, and the foreign counterparts on any of the foregoing; 
 (iii) at any reasonable time, upon reasonable request by the Collateral Agent, assemble the Collateral and allow inspection of the Collateral by the Collateral Agent, or persons designated by the Collateral Agent;

 (iv) at the Collateral Agent’s request, appear in and defend any action or proceeding that may affect such
Grantor’s title to or the Collateral Agent’s security interest in all or any material part of the Collateral; and 
 (v) furnish the Collateral Agent with such information regarding the Collateral, including, without limitation, the location thereof, as the Collateral Agent may reasonably request from time to time. 
 (b) Each Grantor hereby authorizes the Collateral Agent to file a Record or Records, including, without limitation, financing or
continuation statements, intellectual property security agreements and amendments to any of the foregoing, in any jurisdictions and with any filing offices as the Collateral Agent may determine, in its sole discretion, are necessary or advisable to
perfect or otherwise protect the security interest granted to the Collateral Agent herein (subject to Sections 4 and 6 hereof). Such financing statements may describe the Collateral in the same manner as described herein or may contain an indication
or description of collateral that describes such property in any other manner as the Collateral Agent may determine, in its sole discretion, is necessary, advisable or prudent to ensure the perfection of the security interest in the Collateral
granted to the Collateral Agent herein, including, without limitation, describing such property as “all assets, whether now owned or hereafter acquired” or words of similar effect. Each Grantor shall furnish to the Collateral Agent from
time to time statements and schedules further identifying and describing the Collateral and such other reports in connection with the Collateral as the Collateral Agent may reasonably request, all in reasonable detail. 
 (c) Each Grantor hereby authorizes the Collateral Agent to modify this Agreement after obtaining such Grantor’s approval of or
signature to such modification by amending Schedule 5.2 (as such schedule may be amended or supplemented from time to time) to include reference to any right, title or interest in any existing Material Intellectual Property or any Material
Intellectual Property acquired or developed by any Grantor after the execution hereof or to delete any reference to any right, title or interest in any Intellectual Property in which any Grantor no longer has or claims any right, title or interest
or any Intellectual Property that no longer constitutes Material Intellectual Property. 
 7.3 Additional Grantors. From time to time
subsequent to the Restatement Date, additional domestic Persons may become parties hereto as additional Grantors (each, an “Additional Grantor”), by executing a Pledge Supplement. Upon delivery of any such Pledge Supplement to the
Collateral Agent, notice of which is hereby waived by Grantors, each Additional Grantor shall be a Grantor and shall be as fully a party hereto as if Additional Grantor were an original signatory hereto. Each Grantor expressly agrees that its
obligations arising hereunder shall not be affected or diminished by the addition or release of any other Grantor hereunder, nor by any election of the Collateral Agent not to cause any Subsidiary of Borrower to become an Additional Grantor
hereunder. This Agreement shall be fully effective as to any Grantor that is or becomes a party hereto regardless of whether any other Person becomes or fails to become or ceases to be a Grantor hereunder. 
  

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 SECTION 8. COLLATERAL AGENT APPOINTED ATTORNEY-IN-FACT. 
 8.1 Power of Attorney. Each Grantor hereby irrevocably appoints the Collateral Agent (such appointment being coupled with an interest) as such
Grantor’s attorney-in-fact, with full authority in the place and stead of such Grantor and in the name of such Grantor, the Collateral Agent or otherwise, from time to time in the Collateral Agent’s discretion to take any action and to
execute any instrument that the Collateral Agent may deem reasonably necessary or advisable to accomplish the purposes of this Agreement, including, without limitation, the following: 
 (a) upon the occurrence and during the continuance of any Event of Default, to obtain and adjust insurance required to be maintained by
such Grantor or paid to the Collateral Agent pursuant to and to the extent provided in the Credit Agreement; 
 (b) upon the
occurrence and during the continuance of any Event of Default, to ask for, demand, collect, sue for, recover, compound, receive and give acquittance and receipts for moneys due and to become due under or in respect of any of the Collateral;

 (c) upon the occurrence and during the continuance of any Event of Default, to receive, endorse and collect any drafts or
other instruments, documents and chattel paper in connection with clause (b) above; 
 (d) upon the occurrence and during
the continuance of any Event of Default, to file any claims or take any action or institute any proceedings that the Collateral Agent may deem necessary or desirable for the collection of any of the Collateral or otherwise to enforce the rights of
the Collateral Agent with respect to any of the Collateral; 
 (e) to prepare and file any UCC financing statements against
such Grantor as debtor; 
 (f) subject to any exceptions contained in Section 4 hereof, to prepare, sign, and file for
recordation in any intellectual property registry, appropriate evidence of the lien and security interest granted herein in the Intellectual Property in the name of such Grantor as debtor; 
 (g) upon the occurrence and during the continuance of any Event of Default, to take or cause to be taken all actions necessary to perform
or comply or cause performance or compliance with the terms of this Agreement, including, without limitation, access to pay or discharge taxes or Liens (other than Permitted Liens) levied or placed upon or threatened against the Collateral, the
legality or validity thereof and the amounts necessary to discharge the same to be determined by the Collateral Agent in its sole discretion, any such payments made by the Collateral Agent to become obligations of such Grantor to the Collateral
Agent, due and payable immediately without demand; and 
 (h) upon the occurrence and during the continuance of any Event of
Default, generally to sell, transfer, lease, license, pledge, make any agreement with respect to or otherwise deal with any of the Collateral as fully and completely as though the Collateral Agent were the absolute owner thereof for all purposes,
and to do, at the Collateral Agent’s option and such Grantor’s expense, at any time or from time to time, all acts and things that the Collateral Agent 

  

 28 

 
deems reasonably necessary to protect, preserve or realize upon the Collateral and the Collateral Agent’s security interest therein in order to effect
the intent of this Agreement, all as fully and effectively as such Grantor might do. 
 8.2 No Duty on the Part of Collateral Agent or
Secured Parties. The powers conferred on the Collateral Agent hereunder are solely to protect the interests of the Secured Parties in the Collateral and shall not impose any duty upon the Collateral Agent or any Secured Party to exercise any
such powers. The Collateral Agent and the Secured Parties shall be accountable only for amounts that they actually receive as a result of the exercise of such powers, and neither they nor any of their officers, directors, employees or agents shall
be responsible to any Grantor for any act or failure to act hereunder, except for their own gross negligence or willful misconduct. 
 SECTION 9.
REMEDIES. 
 9.1 Generally. 
 (a) If any Event of Default shall have occurred and be continuing, the Collateral Agent may exercise in respect of the Collateral, in addition to all other rights and remedies provided for herein or otherwise
available to it at law or in equity, all the rights and remedies of the Collateral Agent on default under the UCC (whether or not the UCC applies to the affected Collateral) to collect, enforce or satisfy any Secured Obligations then owing, whether
by acceleration or otherwise, and also may pursue any of the following separately, successively or simultaneously: 
 (i)
require any Grantor to, and each Grantor hereby agrees that it shall at its expense and promptly upon request of the Collateral Agent forthwith, assemble all or part of the Collateral as directed by the Collateral Agent and make it available to the
Collateral Agent at a place to be designated by the Collateral Agent that is reasonably convenient to both parties; 
 (ii)
enter onto the property where any Collateral is located and take possession thereof with or without judicial process; 
 (iii)
prior to the disposition of the Collateral, store, process, repair or recondition the Collateral or otherwise prepare the Collateral for disposition in any manner to the extent the Collateral Agent deems appropriate; and 
 (iv) without notice except as specified below or under the UCC, sell, assign, lease, license (on an exclusive or nonexclusive basis) or
otherwise dispose of the Collateral or any part thereof in one or more parcels at public or private sale, at any of the Collateral Agent’s offices or elsewhere, for cash, on credit or for future delivery, at such time or times and at such price
or prices and upon such other terms as the Collateral Agent may deem commercially reasonable. 
 (b) The Collateral Agent or
any Secured Party may be the purchaser of any or all of the Collateral at any public or private (to the extent to the portion of the Collateral being privately sold is of a kind that is customarily sold on a recognized market or the subject of
widely distributed standard price quotations) sale in accordance with the UCC and the Collateral Agent, as collateral agent for and representative of the Secured Parties, shall be entitled, for the purpose of bidding and making settlement or payment
of the purchase price for all or any portion of the 

  

 29 

 
Collateral sold at any such sale made in accordance with the UCC, to use and apply any of the Secured Obligations as a credit on account of the purchase
price for any Collateral payable by the Collateral Agent at such sale. Each purchaser at any such sale shall hold the property sold absolutely free from any claim or right on the part of any Grantor, and each Grantor hereby waives (to the extent
permitted by applicable law) all rights of redemption, stay and/or appraisal which it now has or may at any time in the future have under any rule of law or statute now existing or hereafter enacted. Each Grantor agrees that, to the extent notice of
sale shall be required by law, at least ten (10) days notice to such Grantor of the time and place of any public sale or the time after which any private sale is to be made shall constitute reasonable notification. The Collateral Agent shall
not be obligated to make any sale of Collateral regardless of notice of sale having been given. The Collateral Agent may adjourn any public or private sale from time to time by announcement at the time and place fixed therefor, and such sale may,
without further notice, be made at the time and place to which it was so adjourned. Each Grantor agrees that it would not be commercially unreasonable for the Collateral Agent to dispose of the Collateral or any portion thereof by using Internet
sites that provide for the auction of assets of the types included in the Collateral or that have the reasonable capability of doing so, or that match buyers and sellers of assets. Each Grantor hereby waives any claims against the Collateral Agent
arising by reason of the fact that the price at which any Collateral may have been sold at such a private sale was less than the price which might have been obtained at a public sale, even if the Collateral Agent accepts the first offer received and
does not offer such Collateral to more than one offeree. If the proceeds of any sale or other disposition of the Collateral are insufficient to pay all the Secured Obligations, the Grantors shall be liable for the deficiency and the fees of any
attorneys employed by the Collateral Agent to collect such deficiency. Each Grantor further agrees that a breach of any of the covenants contained in this Section will cause irreparable injury to the Collateral Agent, that the Collateral Agent has
no adequate remedy at law in respect of such breach and, as a consequence, that each and every covenant contained in this Section shall be specifically enforceable against such Grantor, and such Grantor hereby waives and agrees not to assert any
defenses against an action for specific performance of such covenants except for a defense that no default has occurred giving rise to the Secured Obligations becoming due and payable prior to their stated maturities. Nothing in this Section shall
in any way limit the rights of the Collateral Agent hereunder. 
 (c) The Collateral Agent may sell the Collateral without
giving any warranties as to the Collateral. The Collateral Agent may specifically disclaim or modify any warranties of title or the like. This procedure will not be considered to adversely affect the commercial reasonableness of any sale of the
Collateral. 
 (d) The Collateral Agent shall have no obligation to marshal any of the Collateral. 
 9.2 Application of Proceeds. Except as expressly provided elsewhere in this Agreement, all proceeds received by the Collateral Agent in respect of
any sale, any collection from, or other realization upon all or any part of the Collateral shall be applied in full or in part by the Collateral Agent against, the Secured Obligations in the following order of priority: first, to the payment
of all costs and expenses of such sale, collection or other realization, including reasonable compensation to the Collateral Agent and its agents and counsel, and all other expenses, liabilities and advances made or incurred by the Collateral Agent
in connection therewith, and all amounts for which the Collateral Agent is entitled to indemnification hereunder (in its capacity as the Collateral Agent and not as a Lender) and all advances made by the Collateral Agent hereunder for the account of
the applicable Grantor, and to the payment of all costs and expenses paid or incurred by the Collateral Agent in connection with the exercise of any 

  

 30 

 
right or remedy hereunder or under the Credit Agreement, all in accordance with the terms hereof or thereof; second, to the extent of any excess of
such proceeds, to the payment of all other Secured Obligations for the ratable benefit of the Lenders and the Lender Counterparties in accordance with the Credit Agreement (as applicable); and third, to the extent of any excess of such
proceeds, to the payment to or upon the order of such Grantor or to whosoever may be lawfully entitled to receive the same or as a court of competent jurisdiction may direct. 
 9.3 Sales on Credit. If Collateral Agent sells any of the Collateral upon credit, the Grantor will be credited only with payments actually made by
purchaser and received by the Collateral Agent and applied to indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Collateral Agent may resell the Collateral and Grantor shall be credited with proceeds of the
sale. 
 9.4 Investment Related Property. Each Grantor recognizes that, by reason of certain prohibitions contained in the Securities
Act and applicable state securities laws, the Collateral Agent may be compelled, with respect to any sale of all or any part of the Investment Related Property included in the Collateral conducted without prior registration or qualification of such
Investment Related Property included in the Collateral under the Securities Act and/or such state securities laws, to limit purchasers to those who will agree, among other things, to acquire the Investment Related Property included in the Collateral
for their own account, for investment and not with a view to the distribution or resale thereof. Each Grantor acknowledges that any such private sale may be at prices and on terms less favorable than those obtainable through a public sale without
such restrictions (including a public offering made pursuant to a registration statement under the Securities Act) and, notwithstanding such circumstances, each Grantor agrees that any such private sale shall be deemed to have been made in a
commercially reasonable manner and that the Collateral Agent shall have no obligation to engage in public sales and no obligation to delay the sale of any Investment Related Property included in the Collateral for the period of time necessary to
permit the issuer thereof to register it for a form of public sale requiring registration under the Securities Act or under applicable state securities laws, even if such issuer would, or should, agree to so register it. If the Collateral Agent
determines to exercise its right to sell any or all of the Investment Related Property included in the Collateral, upon written request, each Grantor shall and shall cause each issuer of any Pledged Stock to be sold hereunder, each partnership and
each limited liability company from time to time to furnish to the Collateral Agent all such information as the Collateral Agent may request in order to determine the number and nature of interest, shares or other instruments included in the
Investment Related Property included in the Collateral which may be sold by the Collateral Agent in exempt transactions under the Securities Act and the rules and regulations of the Securities and Exchange Commission thereunder, as the same are from
time to time in effect. 
 9.5 Grant of Intellectual Property License. For the purpose of enabling the Collateral Agent, during the
continuance of an Event of Default, to exercise rights and remedies under Section 9 hereof at such time as the Collateral Agent shall be lawfully entitled to exercise such rights and remedies, and for no other purpose, each Grantor hereby
grants to the Collateral Agent, to the extent assignable, an irrevocable, non-exclusive license (exercisable without payment of royalty or other compensation to such Grantor), subject, in the case of Trademarks, to sufficient rights to quality
control and inspection in favor of such Grantor to avoid the risk of invalidation of said Trademarks, to use, assign, license or sublicense any of the Intellectual Property now owned or hereafter acquired or created by such Grantor, wherever the
same may be located. Such license shall include access to all media in which any of the licensed items may be recorded or stored and to all computer programs used for the compilation or printout hereof. 
  

 31 

 9.6 Intellectual Property. 
 (a) Anything contained herein to the contrary notwithstanding, in addition to the other rights and remedies provided herein, upon the
occurrence and during the continuation of an Event of Default: 
 (i) the Collateral Agent shall have the right (but not the
obligation) to bring suit or otherwise commence any action or proceeding in the name of any Grantor, the Collateral Agent or otherwise, in the Collateral Agent’s sole discretion, to enforce any Intellectual Property rights, in which event such
Grantor shall, at the request of the Collateral Agent, do any and all lawful acts and execute any and all documents required by the Collateral Agent in aid of such enforcement and such Grantor shall promptly, upon demand, reimburse and indemnify the
Collateral Agent as provided in Section 12 hereof in connection with the exercise of its rights under this Section, and, to the extent that the Collateral Agent shall elect not to bring suit to enforce any Intellectual Property rights as
provided in this Section, each Grantor agrees to use all reasonable measures, whether by action, suit, proceeding or otherwise, to prevent the infringement, misappropriation, dilution or other violation of any of such Grantor’s rights in the
Intellectual Property by others and for that purpose agrees to diligently maintain any action, suit or proceeding against any Person so infringing, misappropriating, diluting or otherwise violating as shall be necessary to prevent such infringement,
misappropriation, dilution or other violation; 
 (ii) upon written demand from the Collateral Agent, for the purpose of
enabling the Collateral Agent, to exercise rights and remedies under Section 9 hereof at such time as the Collateral Agent shall be lawfully entitled to exercise such rights and remedies, and for no other purpose, each Grantor shall grant,
assign, convey or otherwise transfer to the Collateral Agent or such Collateral Agent’s designee all of such Grantor’s right, title and interest in and to the Intellectual Property and shall execute and deliver to the Collateral Agent such
documents as are necessary or appropriate to carry out the intent and purposes of this Agreement; 
 (iii) each Grantor agrees
that such an assignment and/or recording shall be applied to reduce the Secured Obligations outstanding only to the extent that the Collateral Agent (or any Secured Party) receives cash proceeds in respect of the sale of, or other realization upon,
the Intellectual Property; 
 (iv) within five (5) Business Days after written notice from the Collateral Agent, each
Grantor shall make available to the Collateral Agent, to the extent within such Grantor’s power and authority, such personnel in such Grantor’s employ on the date of such Event of Default as the Collateral Agent may reasonably designate,
by name, title or job responsibility, to permit such Grantor to continue, directly or indirectly, to produce, advertise and sell the products and services sold or delivered by such Grantor under or in connection with the Trademarks or the Trademark
Licenses, such persons to be available to perform their prior functions on the Collateral Agent’s behalf and to be compensated by the Collateral Agent at such Grantor’s expense on a per diem, pro-rata basis consistent with the salary and
benefit structure applicable to each as of the date of such Event of Default; and 
  

 32 

 (v) the Collateral Agent shall have the right to notify, or require each Grantor to
notify, any obligors with respect to amounts due or to become due to such Grantor in respect of the Intellectual Property, of the existence of the security interest created herein, to direct such obligors to make payment of all such amounts directly
to the Collateral Agent, and, upon such notification and at the expense of such Grantor, to enforce collection of any such amounts and to adjust, settle or compromise the amount or payment thereof, in the same manner and to the same extent as such
Grantor might have done: 
  

	 	(1)	all amounts and proceeds (including checks and other instruments) received by Grantor in respect of amounts due to such Grantor in respect of the Collateral or any portion thereof
shall be received in trust for the benefit of the Collateral Agent hereunder, shall be segregated from other funds of such Grantor and shall be forthwith paid over or delivered to the Collateral Agent in the same form as so received (with any
necessary endorsement) to be held as cash Collateral and applied as provided by Section 9.7 hereof; and 

  

	 	(2)	upon written notice to the Collateral Agent not to so adjust, settle or compromise, the Grantor shall not adjust, settle or compromise the amount or payment of any such amount or
release wholly or partly any obligor with respect thereto or allow any credit or discount thereon. 

 (b) If
(i) an Event of Default shall have occurred and, by reason of cure, waiver, modification, amendment or otherwise, no longer be continuing, (ii) no other Event of Default shall have occurred and be continuing, (iii) an assignment or
other transfer to the Collateral Agent of any rights, title and interests in and to the Intellectual Property shall have been previously made and shall have become absolute and effective, and (iv) the Secured Obligations shall not have become
immediately due and payable, upon the written request of any Grantor, the Collateral Agent shall promptly execute and deliver to such Grantor, at such Grantor’s sole cost and expense, such assignments or other transfer as may be necessary to
reassign to such Grantor any such rights, title and interests as may have been assigned to the Collateral Agent as aforesaid, subject to any disposition thereof that may have been made by the Collateral Agent; provided, after giving effect to
such reassignment, the Collateral Agent’s security interest granted pursuant hereto, as well as all other rights and remedies of the Collateral Agent granted hereunder, shall continue to be in full force and effect; and provided
further, the rights, title and interests so reassigned shall be free and clear of any other Liens granted by or on behalf of the Collateral Agent and the Secured Parties. 
 9.7 Cash Proceeds; Deposit Accounts. 
 (a) If any Event of Default shall have occurred and be continuing, in addition to the rights of the Collateral Agent specified in Section 6.5 with respect to payments of Receivables, all proceeds of any
Collateral received by any Grantor consisting of cash, checks and other near-cash items (collectively, “Cash Proceeds”), upon the written consent of the Collateral Agent, shall be held by such Grantor in trust for the Collateral
Agent, segregated from other funds of such Grantor, and shall, forthwith upon receipt by such Grantor, be turned over to the Collateral Agent in the exact form received by such Grantor (duly indorsed by such Grantor to the Collateral Agent, if
required) and held by the Collateral Agent in the Collateral Account. Any Cash Proceeds received by the Collateral Agent (whether from a Grantor or otherwise) may, in the sole discretion of the Collateral Agent, (A) be held by the Collateral
Agent for the ratable benefit of the Secured Parties, as collateral security for the Secured Obligations (whether matured or unmatured) only for so long as it reasonably appears there may be additional Secured Obligations that arise and/or
(B) then or at any time thereafter may be applied by the Collateral Agent against the Secured Obligations then due and owing. 
  

 33 

 (b) If any Event of Default shall have occurred and be continuing, the Collateral Agent
may apply the balance from any Deposit Account or instruct the bank at which any Deposit Account is maintained to pay the balance of any Deposit Account to or for the benefit of the Collateral Agent. 
 SECTION 10. COLLATERAL AGENT. 
 The Collateral Agent has been
appointed to act as Collateral Agent hereunder by Lenders and, by their acceptance of the benefits hereof, the other Secured Parties. The Collateral Agent shall be obligated, and shall have the right hereunder, to make demands, to give notices, to
exercise or refrain from exercising any rights, and to take or refrain from taking any action (including, without limitation, the release or substitution of Collateral), solely in accordance with this Agreement and the Credit Agreement;
provided, the Collateral Agent shall, after payment in full of all Obligations under the Credit Agreement and the other Credit Documents, exercise, or refrain from exercising, any remedies provided for herein in accordance with the
instructions of the holders (the “Majority Holders”) of a majority of the aggregate “settlement amount” as defined in the Hedge Agreements (or, with respect to any Hedge Agreement that has been terminated in accordance
with its terms, the amount then due and payable (exclusive of expenses and similar payments but including any early termination payments then due) under such Hedge Agreement) under all Hedge Agreements. For purposes of the foregoing sentence,
settlement amount for any Hedge that has not been terminated shall be the settlement amount as of the last Business Day of the month preceding any date of determination and shall be calculated by the appropriate swap counterparties and reported to
the Collateral Agent upon request; provided any Hedge Agreement with a settlement amount that is a negative number shall be disregarded for purposes of determining the Majority Holders. In furtherance of the foregoing provisions of this
Section, each Secured Party, by its acceptance of the benefits hereof, agrees that it shall have no right individually to realize upon any of the Collateral hereunder, it being understood and agreed by such Secured Party that all rights and remedies
hereunder may be exercised solely by the Collateral Agent for the benefit of Secured Parties in accordance with the terms of this Section. The provisions of the Credit Agreement relating to the Collateral Agent including, without limitation, the
provisions relating to resignation or removal of the Collateral Agent and the powers and duties and immunities of the Collateral Agent are incorporated herein by this reference and shall survive any termination of the Credit Agreement. 

SECTION 11. CONTINUING SECURITY INTEREST; TRANSFER OF LOANS. 
 This
Agreement shall create a continuing security interest in the Collateral and shall remain in full force and effect until the payment in full of all Secured Obligations, the cancellation or termination of the Commitments and the cancellation,
expiration, posting of backstop letters of credit or cash collateralization of all outstanding Letters of Credit satisfactory to the issuer(s) of such Letters of Credit, be binding upon each Grantor, its successors and assigns, and inure, together
with the rights and remedies of the Collateral Agent hereunder, to the benefit of the Collateral Agent and its successors, transferees and assigns. Without limiting the generality of the foregoing, but subject to the terms of the Credit Agreement,
any Lender may assign or otherwise transfer any Loans held by it to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to Lenders herein or otherwise. Upon the payment in full of
all Secured Obligations, the cancellation or termination of the Commitments and the cancellation, expiration, posting of backstop letters of credit or cash 

  

 34 

 
collateralization of all outstanding Letters of Credit satisfactory to the issuer(s) of such Letters of Credit, the security interest granted hereby shall
automatically terminate hereunder and of record and all rights to the Collateral shall revert to Grantors. Upon any such termination the Collateral Agent shall, at Grantors’ expense, execute and deliver to Grantors or otherwise authorize the
filing of such documents as Grantors shall reasonably request, including financing statement amendments to evidence such termination. Upon any disposition of property permitted by the Credit Agreement, the Liens granted herein shall be deemed to be
automatically released and such property shall automatically revert to the applicable Grantor with no further action on the part of any Person. The Collateral Agent shall, at Grantor’s expense, execute and deliver or otherwise authorize the
filing of such documents as Grantors shall reasonably request, in form and substance reasonably satisfactory to the Collateral Agent, including financing statement amendments to evidence such release. 
 SECTION 12. STANDARD OF CARE; COLLATERAL AGENT MAY PERFORM. 
 The
powers conferred on the Collateral Agent hereunder are solely to protect its interest in the Collateral and shall not impose any duty upon it to exercise any such powers. Except for the exercise of reasonable care in the custody of any Collateral in
its possession and the accounting for moneys actually received by it hereunder, the Collateral Agent shall have no duty as to any Collateral or as to the taking of any necessary steps to preserve rights against prior parties or any other rights
pertaining to any Collateral. The Collateral Agent shall be deemed to have exercised reasonable care in the custody and preservation of Collateral in its possession if such Collateral is accorded treatment substantially equal to that which the
Collateral Agent accords its own property. Neither the Collateral Agent nor any of its directors, officers, employees or agents shall be liable for failure to demand, collect or realize upon all or any part of the Collateral or for any delay in
doing so or shall be under any obligation to sell or otherwise dispose of any Collateral upon the request of any Grantor or otherwise. If any Grantor fails to timely perform any agreement contained herein, the Collateral Agent may itself perform, or
cause performance of, such agreement, and the expenses of the Collateral Agent incurred in connection therewith shall be payable by each Grantor under Section 10.2 of the Credit Agreement. 
 SECTION 13. MISCELLANEOUS. 
 Any notice required or permitted to be
given under this Agreement shall be given in accordance with Section 10.1 of the Credit Agreement. No failure or delay on the part of the Collateral Agent in the exercise of any power, right or privilege hereunder or under any other Credit
Document shall impair such power, right or privilege or be construed to be a waiver of any default or acquiescence therein, nor shall any single or partial exercise of any such power, right or privilege preclude other or further exercise thereof or
of any other power, right or privilege. All rights and remedies existing under this Agreement and the other Credit Documents are cumulative to, and not exclusive of, any rights or remedies otherwise available. In case any provision in or obligation
under this Agreement shall be invalid, illegal or unenforceable in any jurisdiction, the validity, legality and enforceability of the remaining provisions or obligations, or of such provision or obligation in any other jurisdiction, shall not in any
way be affected or impaired thereby. All covenants hereunder shall be given independent effect so that if a particular action or condition is not permitted by any of such covenants, the fact that it would be permitted by an exception to, or would
otherwise be within the limitations of, another covenant shall not avoid the occurrence of a Default or an Event of Default if such action is taken or condition exists. This Agreement shall be binding upon and inure to the benefit of the Collateral
Agent and Grantors and their respective successors and assigns to the extent permitted by the Credit Agreement. No Grantor shall, without the prior written consent of the Collateral Agent 

  

 35 

 
given in accordance with the Credit Agreement, assign any right, duty or obligation hereunder. This Agreement and the other Credit Documents embody the
entire agreement and understanding between Grantors and the Collateral Agent and supersede all prior agreements and understandings between such parties relating to the subject matter hereof and thereof. Accordingly, the Credit Documents may not be
contradicted by evidence of prior, contemporaneous or subsequent oral agreements of the parties. There are no unwritten oral agreements between the parties. This Agreement may be executed in one or more counterparts and by different parties hereto
in separate counterparts, each of which when so executed and delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument; signature pages may be detached from multiple separate
counterparts and attached to a single counterpart so that all signature pages are physically attached to the same document. 
 THIS AGREEMENT AND THE
RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER AND ALL CLAIMS AND CONTROVERSIES ARISING OUT OF THE SUBJECT MATTER HEREOF WHETHER SOUNDING IN CONTRACT LAW, TORT LAW OR OTHERWISE SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICTS OF LAW PROVISIONS THAT WOULD RESULT IN THE APPLICATION OF ANY OTHER LAW (OTHER THAN ANY MANDATORY PROVISIONS OF THE UCC RELATING TO THE LAW GOVERNING PERFECTION AND THE EFFECT OF
PERFECTION OF THE SECURITY INTEREST). 
 THE PROVISIONS OF THE CREDIT AGREEMENT UNDER THE HEADINGS “CONSENT TO JURISDICTION”
AND “WAIVER OF JURY TRIAL” ARE INCORPORATED HEREIN BY THIS REFERENCE AND SUCH INCORPORATION SHALL SURVIVE ANY TERMINATION OF THE CREDIT AGREEMENT. 
 SECTION 14. AMENDMENT AND RESTATEMENT. 
 It is the intention of each of the parties hereto that the Existing Security
Agreement be amended and restated so as to preserve the perfection and priority of all security interests securing all Obligations of the Grantors under, and as defined in, the Existing Credit Agreement and all other Credit Documents entered into in
connection therewith (collectively, the “Existing Credit Documents”), that all Obligations of the Grantors under the Credit Agreement and the other Credit Documents entered into in connection therewith be secured by the Liens created by
this Agreement and the other Collateral Documents and that this Agreement not constitute a novation of the obligations and liabilities existing under the Existing Credit Documents. The parties hereto further acknowledge and agree that this Agreement
constitutes an amendment of the Existing Security Agreement made under and in accordance with the terms of Section 10.5 of the Existing Credit Agreement. In addition, unless specifically amended hereby or in connection herewith, each of the
Credit Documents shall continue in full force and effect and that, from and after the Restatement Date, all references to the “Pledge and Security Agreement” contained therein shall be deemed to refer to this Agreement. 
 SECTION 15. REAFFIRMATION AND GRANT OF SECURITY INTERESTS. 
 Each
Grantor has created Liens in favor of the Collateral Agent for the benefit of the Secured Parties on certain Collateral to secure its obligations hereunder and under each other Credit Document. Each Grantor hereby acknowledges that it has reviewed
the terms and provisions of this Agreement and consents to the amendment and restatement of the Existing Security 

  

 36 

 
Agreement effected pursuant to this Agreement. Each Grantor hereby (i) confirms that each Credit Document to which it is a party or is otherwise bound
and all Collateral encumbered thereby will continue to secure to the fullest extent possible in accordance with such Credit Document the payment and performance of the Obligations, including, without limitation, the payment and performance of all
such Obligations that are joint and several obligations of any Grantor now or hereafter existing, and (ii) grants to the Collateral Agent for the benefit of the Secured Parties a continuing Lien on and security interest in and to such
Grantor’s right, title and interest in, to and under all Collateral as collateral security for the prompt payment and performance in full when due of the applicable Obligations (whether at stated maturity, by acceleration or otherwise).

 Each Grantor acknowledges and agrees that the Credit Documents to which it is a party or otherwise bound shall continue in full force and effect and that
all of its obligations thereunder shall be valid and enforceable and shall not be impaired or limited by the execution or effectiveness of the amendment and restatement of the Existing Security Agreement. 
 [Remainder of page intentionally left blank] 
  

 37 

 IN WITNESS WHEREOF, each Grantor and the Collateral Agent have caused this Agreement to be duly
executed and delivered by their respective officers thereunto duly authorized as of the date first written above. 
  

			
	 HOLOGIC, INC.,
 as
Grantor

		
	By:	 	/s/ Glenn P. Muir
	Name:	 	Glenn P. Muir
	Title:	 	Executive Vice President, Finance and Administration, Chief Financial Officer and Treasurer and Assistant Secretary

			
	 AEG PHOTOCONDUCTOR CORPORATION,
 as
Grantor

		
	By:	 	/s/ Glenn P. Muir
	Name:	 	Glenn P. Muir
	Title:	 	Executive Vice President, Treasurer and Secretary

  

			
	 BIOLUCENT, LLC, 
 as
Grantor
  
 By: Hologic, Inc.,
 Its Sole Member and Manager

		
	By:	 	/s/ Glenn P. Muir
	Name:	 	Glenn P. Muir
	Title:	 	Executive Vice President, Finance and Administration, Chief Financial Officer and Treasurer and Assistant Secretary

  

			
	 CRUISER, INC.,
 as
Grantor

		
	By:	 	/s/ Glenn P. Muir
	Name:	 	Glenn P. Muir
	Title:	 	Executive Vice President, Treasurer and Secretary

  

			
	 CYTYC CORPORATION,
 as Grantor

		
	By:	 	/s/ Glenn P. Muir
	Name:	 	Glenn P. Muir
	Title:	 	Executive Vice President, Treasurer and Secretary

  

			
	 CYTYC DEVELOPMENT COMPANY LLC,
 as Grantor

		
	By:	 	/s/ Glenn P. Muir
	Name:	 	Glenn P. Muir
	Title:	 	Executive Vice President, Treasurer and Secretary

  

			
	 CYTYC INTERIM, INC., 
 as
Grantor

		
	By:	 	/s/ Glenn P. Muir
	Name:	 	Glenn P. Muir
	Title:	 	Executive Vice President, Treasurer and Secretary

			
	 CYTYC INTERNATIONAL, INC.,
 as Grantor

		
	By:	 	/s/ Glenn P. Muir
	Name:	 	Glenn P. Muir
	Title:	 	Executive Vice President, Treasurer and Secretary

  

			
	 CYTYC LIMITED LIABILITY COMPANY,
 as Grantor
  
 By: Cytyc Corporation,
 Its Sole Member

		
	By:	 	/s/ Glenn P. Muir
	Name:	 	Glenn P. Muir
	Title:	 	Executive Vice President, Treasurer and Secretary

  

			
	 CYTYC PRENATAL PRODUCTS CORP.,
 as Grantor

		
	By:	 	/s/ Glenn P. Muir
	Name:	 	Glenn P. Muir
	Title:	 	Executive Vice President, Treasurer and Secretary

  

			
	 CYTYC SURGICAL PRODUCTS II, LIMITED PARTNERSHIP,
 as Grantor
  
 By: Cytyc Corporation,
 Its General Partner

		
	By:	 	/s/ Glenn P. Muir
	Name:	 	Glenn P. Muir
	Title:	 	Executive Vice President, Treasurer and Secretary

  

			
	 CYTYC SURGICAL PRODUCTS III, INC.,
 as
Grantor

		
	By:	 	/s/ Glenn P. Muir
	Name:	 	Glenn P. Muir
	Title:	 	Executive Vice President, Treasurer and Secretary

			
	 CYTYC SURGICAL PRODUCTS, LIMITED PARTNERSHIP,
 as Grantor
  
 By: Cytyc Corporation,
 Its General Partner

		
	By:	 	/s/ Glenn P. Muir
	Name:	 	Glenn P. Muir
	Title:	 	Executive Vice President, Treasurer and Secretary

  

			
	 DIRECT RADIOGRAPHY CORP., 
 as Grantor

		
	By:	 	/s/ Glenn P. Muir
	Name:	 	Glenn P. Muir
	Title:	 	Executive Vice President, Treasurer and Secretary

  

			
	 HOLOGIC LIMITED PARTNERSHIP,
 as Grantor
  
 By: Cytyc Corporation,
 Its General Partner

		
	By:	 	/s/ Glenn P. Muir
	Name:	 	Glenn P. Muir
	Title:	 	Executive Vice President, Treasurer and Secretary

  

			
	 R2 TECHNOLOGY, INC.,
 as
Grantor

		
	By:	 	/s/ Glenn P. Muir
	Name:	 	Glenn P. Muir
	Title:	 	Executive Vice President, Treasurer and Secretary

  

			
	 SST MERGER CORP.,
 as
Grantor

		
	By:	 	/s/ Glenn P. Muir
	Name:	 	Glenn P. Muir
	Title:	 	Executive Vice President, Treasurer and Secretary

  

			
	 SUROS SURGICAL SYSTEMS, INC.,
 as
Grantor

		
	By:	 	/s/ Glenn P. Muir
	Name:	 	Glenn P. Muir
	Title:	 	Executive Vice President, Treasurer and Secretary

			
	 THUNDER TECH CORP.,
 as
Grantor

		
	By:	 	/s/ Glenn P. Muir
	Name:	 	Glenn P. Muir
	Title:	 	Treasurer and Secretary

			
	 GOLDMAN SACHS CREDIT PARTNERS L.P.,
 as Collateral Agent

		
	By:	 	/s/ Bruce Mendelsohn
		 	 Authorized Signatory
 Bruce MendelsohnLetter Agreement

 Exhibit 10.120 
 REDACTED – OMITTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE COMMISSION PURSUANT TO 
 RULE 24b-2 OF THE
SECURITIES EXCHANGE ACT OF 1934, AS AMENDED, AND IS DENOTED HEREIN BY ***** 
 

 
 June 26, 2008 
 Mr. Richard Katz, CFO 
 Samuel Aaron Inc. 
 31-00 47th
Avenue, 4th Floor 
 Long Island City, NY 11101

  

	Re:	Manufacturing Agreement & Licensing Agreement 

 Dear
Mr. Katz: 
 This letter agreement sets forth the terms and conditions of the sale of Charles & Colvard created Moissanite by Charles &
Colvard, Ltd. (“C&C”), to Samuel Aaron Inc. (“Buyer”). This letter, together with the attached price list, terms and conditions, and License Agreement constitutes the entire agreement (the “Agreement”) between our
companies and supersedes the previous Agreement dated August 18, 2006. 
 C&C hereby agrees to sell to Buyer commercially reasonable amounts of
moissanite for use by Buyer in the manufacturing of fine jewelry, and C&C and Buyer agree to: 
  

	 	1.	C&C will allow SAI to participate in a co-op advertising program, whereby C&C will fund at *****% of ***** pre-approved, eligible advertising/promotional activity expenses
submitted by the Buyer. This funding is limited to 10% of net purchases made by the Buyer or its affiliated designee (who has been pre-approved by C&C). In accordance with the Cooperative Advertising Program Guidelines, C&C must pre-approve
all advertising expense being charged against co-op. Prior to the approval of any and all advertising/promo activity by C&C the new program needs to have been approved in writing by ***** or *****. 

  

	 	2.	The parties may mutually agree to additional alternative marketing arrangements for specific customers by written agreement. This may result in a promotional activity outside the
10% limit. 

  

	 	3.	Provide Buyer with any required training materials and guidance concerning moissanite, C&C’s marketing strategy and C&C’s product positioning for moissanite.

  

	 	4.	On Asset purchase programs only, not including ***** or Consignment Programs, Buyer will return moissanite jewels which are broken during setting and receive credit for specific
stones at the price of the stone one size below the broken stone. No credit will be given for any damaged jewels smaller than 3.5mm. SAI agrees that the determination of whether a jewel is damaged is mutually agreeable to both parties. If SAI
disagrees with C&C on whether a jewel is damaged, SAI must notify C&C within the ordinary course of receiving the credit memo, and SAI’s sole remedy is to request that the disputed jewels be sent back to SAI, for re-examination and
retention instead of accepting the credit. 

  

			
	1 of 6	  	800.202.3
	© 2007 Charles & Colvard® All Rights Reserved.	  	

 REDACTED – OMITTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE COMMISSION PURSUANT TO

 RULE 24b-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED, AND IS DENOTED HEREIN BY ***** 
  Page
 2
 
 June 26, 2008 
 Mr. Richard Katz, CFO 
 Samuel Aaron Inc. 
 Manufacturing Agreement (cont’d) 
  

	 	5.	SAI, starting January 1, 2008, will have the ability to return (primarily for stock balancing) up to *****% of its calendar year purchases (including up to *****% of its
purchases from designated factories, i.e. affiliated designee). Returns will be for full credit if undamaged and will be done on a quarterly basis by 45 days after the end of the quarter. The above allowance excludes the breakage allowance as
defined in paragraph 4 above. If SAI decides to use jewels from its own inventory to support a SPIFF program, C&C will not give SAI credit for SAI’s use of stones for a SPIFF program and will be limited at C&C’s sole discretion to
replace the stones that SAI used for the SPIFF. 

  

	 	6.	SAI will have until January 31, 2008 to return any jewels against the 2007 *****% allowance. All returns after January 31, 2008 will be applied to the 2008 allowance. RA#
43737 sent January 2008 will be part of 2007. 

  

	 	7.	Subject to the attached terms and conditions all purchases of SAI and its designated factories will be at ***** day payment terms, unless mutually agreed on “special
deals” dating. 

  

	 	8.	Buyer agrees to provide, to the best of its ability and apply best efforts to provide retail forecasting and reporting on a timely basis, to C&C for all major programs that
Buyer sells moissanite jewelry. 

  

	 	9.	Amendments of dates of ongoing Consignment Programs and ***** as outlined. 

 Buyer hereby recognizes, and agrees to cooperate with C&C to the best of Buyer’s knowledge in the protection of, all C&C trademarks, copyrights and intellectual property. Further, C&C and Buyer agree to approve certain
Charles & Colvard created Moissanite as appropriate for Buyer’s catalog and trade show presentations during the term of this Agreement. Buyer acknowledges receipt of the brand identity guidelines provided by C&C and agrees to
market Charles & Colvard created Moissanite to the best of their knowledge in a manner consistent with such guidelines. Additionally, Buyer to the best of their knowledge shall use commercially reasonable efforts to ensure its customers
abide by such guidelines. 
 Buyer specifically agrees that it will NOT sell C&C created moissanite as loose stones, and will sell moissanite only in
jewelry mountings as commercially reasonable upon pre-approval by C&C. 
 This Agreement shall renew annually on December 31 for one year terms
unless terminated pursuant to Section 7 of the Terms and Conditions section of this Agreement or notice is given by either party to the other party of its intent not to renew the Agreement at least 30 days prior to the end of the then current
one-year term. 
  

			
	2 of 6	  	800.202.3
	© 2007 Charles & Colvard® All Rights Reserved.	  	

 REDACTED – OMITTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE COMMISSION PURSUANT TO

 RULE 24b-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED, AND IS DENOTED HEREIN BY ***** 
  Page
 3
 
 June 26, 2008 
 Mr. Richard Katz, CFO 
 Samuel Aaron Inc. 
 Manufacturing Agreement (cont’d) 
  

 If the forgoing meets with your understanding of our agreement, please sign and return one copy of this letter for
our files. 
  

									
	Charles & Colvard, Ltd.	 		 	Agreed and Accepted by “Buyer”
					
	By:	 	 /s/ Dennis M. Reed
	 		 	By:	 	 /s/ Richard Katz

	Name:	 	Dennis M. Reed	 		 	Name:	 	Richard Katz
	Title:	 	President & CMO	 		 	Title:	 	CFO/COO
	Date:	 	July 11, 2008	 		 	Date:	 	June 27, 2008

  

			
	3 of 6	  	800.202.3
	© 2007 Charles & Colvard® All Rights Reserved.	  	

 REDACTED – OMITTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE COMMISSION PURSUANT TO

 RULE 24b-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED, AND IS DENOTED HEREIN BY ***** 
  

 TERMS AND CONDITIONS 
 1. ACCEPTANCE OF ORDERS. C&C’s acceptance of all orders for Charles & Colvard created Moissanite (the “Product”) and all offers and sales by C&C are subject to and expressly conditioned
upon Buyer’s acceptance of the terms and conditions of this Agreement, and Buyer’s acceptance of any offer by C&C must be made on such terms and conditions exactly as offered by C&C. Any of Buyer’s terms and conditions which
are different from or in addition to those contained in this Agreement are objected to by C&C and shall be of no effect unless specifically agreed to in writing by C&C. Shipment of the Product shall not be construed as acceptance of any of
Buyer’s terms and conditions which are different from or in addition to those contained herein, unless alternative terms are mutually agreed to in writing prior to the order. Buyer’s acceptance of the Product furnished by C&C pursuant
hereto shall constitute Buyer’s acceptance of the terms and conditions of this Agreement. 
 This Agreement shall be governed by and construed under the
laws of the State of North Carolina as if made and to be performed entirely within such state. 
 2. PRICES. The prices stated in this Agreement are F.O.B.
C&C’s manufacturing facilities and do not include transportation, insurance or any sales, use, excise or other taxes, duties, fees or assessments imposed by any jurisdiction. On each shipment buyer will be charged a freight charge that
includes transportation and insurance costs. Buyer is a re-seller and accordingly no sales or use taxes apply. Buyer shall promptly reimburse C&C for any taxes paid by C&C which are the responsibility of Buyer hereunder. All prices and other
terms are subject to correction for typographical or clerical errors. Prices are subject to change annually at the sole discretion of C&C. C&C will inform buyer 3 months before said change will occur and will honor prices on all submitted
quotes previously submitted. 
 3. TERMS OF SALE & PAYMENT. C&C shall provide the Product in the “very good” grade which includes
slight possible color saturations and inclusions as determined from a C&C master set provided by C&C to Buyer. Payment, including credit terms if any shall be as mutually agreed in writing, or in the absence of agreement in cash upon
delivery. Each shipment shall be considered a separate and independent transaction and payment for each shipment shall be due accordingly. 
 Invoices will
be issued upon shipment and payment shall be due in full within ***** (*****) days from the ship date. C&C reserves the right to change the amount of or withdraw any credit, prior to acceptance of an order: Change will be in writing to buyer
prior to shipment to Buyer. 
 Amounts not paid when due shall be subject to interest at the rate of
one and one-half percent (1  1/2%) per month or, if less, the maximum rate permitted by law. 
 In the event of the bankruptcy or insolvency of Buyer, or the filing of any proceeding by or against Buyer under any bankruptcy, insolvency or receivership law, or in
the event Buyer makes an assignment for the benefit of creditors, C&C may, at its election and without prejudice to any other right or remedy, exercise all rights and remedies granted to C&C in Section 7 as in the case of a default by
Buyer under this Agreement. 
 4. DELIVERY, TITLE AND RISK OF LOSS. All sales hereunder shall be F.O.B. C&C’s manufacturing facilities. C&C
shall select carrier and provide adequate insurance to cover any lost shipments. The insurance cost will be included in freight costs on each invoice. SAI will not be responsible for payment on any shipments they do not receive. 
 Buyer shall inspect all Product promptly upon receipt and file claims with the transportation company in the event there is evidence of shipping damage. 
 5. PERFORMANCE. C&C shall make a reasonable effort to observe the dates specified herein or such later dates as may be agreed to by Buyer for delivery or other
performance, but C&C shall not be liable for any delay in delivery or failure to perform due to acceptance of prior orders, strike, lockout, riot, war, fire, act of God, accident, delays caused by any subcontractor or supplier or by Buyer,
technical difficulties, failure or breakdown of machinery or components necessary to order completion, inability to obtain or substantial rises in the price of labor or materials or manufacturing facilities, or compliance with any law, regulation,
order or direction, whether valid or invalid, of any governmental authority or instrumentality thereof, or due to any unforeseen circumstances or any causes beyond its control, whether similar or dissimilar to the foregoing and whether or not
foreseen. Provided C&C was not aware of said events prior and during the order period: where C&C could provide adequate or timely disclosure of said event. 
 6. ACCEPTANCE. All Product delivered hereunder shall be deemed accepted by Buyer as conforming to this Agreement, and Buyer shall have no right to revoke any acceptance, unless written notice of the claimed nonconformity is received by
C&C within twenty (20) days of delivery thereof. Notwithstanding the foregoing, any use of the Product by Buyer, its agents, employees, contractors or licensees, for any purpose, after delivery thereof, shall constitute acceptance of that
product by Buyer, as long as said products are produced within reasonable guidelines as established. 
  

			
	4 of 6	  	800.202.3.TC
	© 2007-2008 Charles & Colvard® All Rights Reserved.	  	6/5/08

 REDACTED – OMITTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE COMMISSION PURSUANT TO

 RULE 24b-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED, AND IS DENOTED HEREIN BY ***** 
  

 7. DEFAULT AND TERMINATION. Buyer may terminate this Agreement if C&C materially defaults in the performance of
its obligations hereunder and fails to cure such default within sixty (60) days after written notice thereof from Buyer. In no event shall C&C be liable for incidental, consequential, special, punitive or exemplary damages of any kind,
including but not limited to lost profits, loss of business or other economic harm as a result of a default; provided however that if C&C has lead times of ***** weeks C&C will accept penalties for late delivery of standard jewels shapes and
sizes described on the attached price list in excess of $***** caused by C&C not meeting above lead times. C&C will accept liability for such disclosed penalties caused by C&C shipments which shipped date was confirmed via e-mail from a
C&C Vice President and default for product delivery occurred as a result of moissanite jewels supplied by C&C. This default does not pertain to orders of non-standard shapes and sizes. 
 Buyer shall be deemed in material default under this agreement if buyer fails to pay any material (defined as any amounts over $*****) amounts when due in normal course,
as long as said issues are not related to memo agreements, previously entered into oral, written or otherwise, or fails to pay C&C any sums due under any other agreement or otherwise, or if Buyer materially defaults in the performance of any
other obligation hereunder and fails to cure such default within thirty (30) days after receipt of written notice from C&C. This written notice needs to be sent via certified mail, attention: R. Katz. In the event of a material default by
Buyer, C&C may, upon written notice to Buyer, after the cure period expires, (1) suspend its performance and withhold shipments, in whole or in part, (2) terminate this Agreement, (3) declare all sums owing to C&C immediately
due and payable and/or (4) recall Product in transit, , and Buyer agrees that all Product so recalled, taken or repossessed shall be the property of C&C, provided that Buyer is given full credit therefore. Exercise of any of the foregoing
remedies shall not be construed as limiting, in any manner, any of the rights or remedies available to C&C under the Uniform Commercial Code or other laws. 
 8. PATENTS AND OTHER INTELLECTUAL PROPERTY RIGHTS. The sale of the Product hereunder does not convey any expressed or implied license under any patent, copyright, trademark or other proprietary rights owned or controlled by C&C, whether
relating to the Product sold or any manufacturing process or other matter. All rights under any such patent, copyright, trademark or other proprietary rights are expressly reserved by C&C. Refer to separate agreement. 
 9. MANUFACTURING PRACTICES. When engaged in the design, production or distribution of any jewelry containing the Product, Buyer and its agents, sub-manufacturers, or
contractors involved in the design, production, or distribution of jewelry containing the Product shall not engage in the use of child labor, prison or any type of forced labor, or any other labor practices that may violate the sensibilities of the
American public. Buyer shall certify to C&C from time to time, upon C&C’s written demand that it, as well as its agents, sub-manufacturers, or contractors involved in the design, production, or distribution of the Product does not
engage in such labor practices. Upon C&C’s demand, Buyer shall also certify that all rules and regulations, as well as all measures of safety, health, and labor practices, recommended or requested by the relevant authorities of Buyer’s
governing municipalities, as well as the governing municipalities of Buyer’s agents, sub-manufacturers, or contractors involved in the design, production or distribution of the Product have been complied with. Buyer shall indemnify C&C for,
and hold C&C harmless from, all claims, actions or demands arising from any action or omission that occurs on Buyer’s, its agent’s, sub-manufacturer’s or contractor’s premises. Furthermore, C&C guarantees that no
radioactive process has been utilized in the manufacturing process of the Product. 
 10. LIMITED WARRANTY. Other than as set out herein,
C&C makes no warranty or other representation concerning the Product; and, other than as specifically provided in this Agreement, C&C’s liability is limited to replacement of any Product not conforming to the specifications set out in
Section 3 of this Agreement upon their return to C&C. Buyer reserves the right to return any Product not conforming to the specifications set out herein to C&C. C&C shall pay return shipping, handling and insurance on the
replacements for the Product that does not meet the specifications in Section 3. All returned Product must be accompanied by a return authorization number that should be displayed prominently on the outside of the package. All other shipping,
handling and insurance for returns shall be paid by Buyer. The warranty set forth in this Section 10 is intended solely for the benefit of Buyer. All claims hereunder shall be made by Buyer and may not be made by Buyer’s customers.
THE WARRANTY SET FORTH ABOVE IS IN LIEU OF ALL OTHER WARRANTIES, EXPRESSED OR IMPLIED, WHICH ARE HEREBY DISCLAIMED AND EXCLUDED BY C&C, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OF FITNESS FOR A PARTICULAR PURPOSE OF
USE. 
 12. Consignment Agreements will be governed by individual agreements for any new agreements mutually agreed to subsequent to the signing of
this Agreement. 
  

			
	5 of 6	  	800.202.3.TC
	© 2007-2008 Charles & Colvard® All Rights Reserved.	  	6/5/08

 REDACTED – OMITTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE COMMISSION PURSUANT TO

 RULE 24b-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED, AND IS DENOTED HEREIN BY ***** 
  

 Jewel Price List 
 [*****] 
 [Entire 5-page document is redacted] 
  

			
	6 of 6	  	800.202.3.LA
	© 2007-2008 Charles & Colvard® All Rights Reserved.	  	6/5/08

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